政银企深度协同 金融是国之大计，更是推动实体经济高质量发展的核心引擎。2025年交通银行（601328）依托对公金融 品牌"交银蕴通"，以"蕴力同行"为主题，打造"交银蕴通万里行"系列品牌活动，深入上海、贵州、河 南、湖北、河北、云南、江苏等重点区域、直达核心产业集群。通过政银企深度协作、场景化金融创新 和数字化工具落地，交行为企业融资、运营效率提升和高质量发展注入了持久动力，也为未来全国金融 服务创新提供了可复制的实践样板。 构建创新融资生态 蕴力同行 服务国之大者 近年来，国资委大力推动企业集团司库体系建设，为央国企构建世界一流财务管理体系指明方向。交行 积极以金融智慧赋能支持，目前已为近4000家央国企、超1万家企业开展各类司库合作。 经过多年服务经验沉淀，在"交银蕴通万里行"首站上海，交行正式发布"蕴通司库"品牌服务，面向央国 企及大中型企业集团，推出"1+3+N"智慧司库服务体系，即1套综合金融服务方案、3大系统服务平台和 N种产品组合。针对不同司库建设阶段、不同司库管理需求、不同行业规模的企业，交行可提供全流程 司库建设、差异化系统服务、全产品矩阵组合，助力企业实现对资金等金融资源"看得见、管得住 ...

Group 1: Banking Sector Performance - A-share listed banks reported stable performance in the first three quarters of the year, showcasing a steady operational trend with notable highlights [1] Group 2: Urban-Rural Integration and Regional Development - The banking sector is actively supporting urban-rural integration and regional coordinated development as part of a significant national strategy [2] - Industrial and Commercial Bank of China (ICBC) has allocated nearly 3.5 trillion yuan in loans for new urbanization projects and over 5 trillion yuan for agricultural loans, with significant investments in poverty alleviation counties [2] - Agricultural Bank of China has increased its loan balance in key rural revitalization counties to 481.2 billion yuan, marking a growth of 10.21%, and in poverty-stricken counties to 2.52 trillion yuan, with a growth of 10.66% [3] Group 3: High-Level Opening Up - The banking sector is contributing to high-level opening up, which is a strategic choice to enhance national security and respond to external uncertainties [4] - Bank of China has been actively involved in the Belt and Road Initiative, maintaining a leading position in the issuance of panda bonds and offshore RMB bonds, with a global custody scale of 4.8 trillion yuan [5] - Construction Bank has enhanced its international competitiveness and supported cross-border e-commerce, with settlement volumes exceeding 400 billion yuan [5] Group 4: Digital Transformation - Digital transformation is a critical focus for banking institutions, with ongoing efforts to enhance digital infrastructure and service efficiency [6] - Bank of Communications has improved its digital service capabilities, achieving significant user engagement with its mobile banking applications and open banking interfaces [7] - Postal Savings Bank is leveraging digital technology to enhance operational efficiency and customer experience through initiatives like remote services and digital personnel [8]

Group 1: Overall Performance of the Banking Sector - The A-share listed banks have reported a steady performance in their operations for the first three quarters of the year, showcasing resilience and emerging highlights in the banking industry [1] Group 2: Support for Urban-Rural Integration and Regional Development - The banking sector is actively supporting the national strategy for urban-rural integration and regional coordinated development, with financial resources being allocated to key areas [2] - Industrial and Commercial Bank of China (ICBC) has reported a loan balance of nearly 3.5 trillion yuan in the new urbanization sector and over 5 trillion yuan in agricultural loans, with significant investments in poverty alleviation counties [2] - Agricultural Bank of China has increased its loan balance in key rural revitalization counties to 481.2 billion yuan, reflecting a growth rate of 10.21%, and in poverty-stricken counties to 2.52 trillion yuan, with a growth rate of 10.66% [3] Group 3: High-Level Opening Up - The banking sector is contributing to high-level opening up, which is a strategic choice to enhance national security and respond to external uncertainties [4] - Bank of China has been actively involved in the Belt and Road Initiative, maintaining a leading position in the issuance of panda bonds and offshore RMB bonds, with a global custody scale of 4.8 trillion yuan [5] - Construction Bank has enhanced its international competitiveness and supported high-level opening up, with cross-border e-commerce settlement exceeding 400 billion yuan [5] Group 4: Digital Transformation - The banking industry is undergoing a significant digital transformation, which is essential for current financial institutions [6] - Bank of Communications is focusing on strengthening digital infrastructure and enhancing service quality through technology, achieving a monthly active user count of over 53 million for its mobile banking app [7] - Postal Savings Bank is leveraging digital technology to improve operational efficiency and customer experience, enhancing its resource integration and smart-driven capabilities [8]

Core Viewpoint - The Bank of Communications has demonstrated a stable and improving operational performance in 2023, with a focus on serving the real economy and maintaining financial stability, as evidenced by its growth in total assets and key financial metrics [1][2]. Financial Performance - As of the end of Q3 2023, the total assets of the Bank of Communications reached 15.50 trillion yuan, an increase of 4.02% compared to the end of the previous year [1]. - The bank achieved a net operating income of 200.06 billion yuan, reflecting a year-on-year growth of 1.86%, with net interest income and net fee and commission income increasing by 1.46% and 0.15%, respectively [2]. - The net profit attributable to shareholders was 69.99 billion yuan, up 1.90% year-on-year, with growth rates for net revenue and net profit improving compared to the first half of the year [2]. Focus on Real Economy - The bank has emphasized its role as a major player in supporting the real economy, with a customer loan balance of 9.07 trillion yuan, which is a 6.04% increase from the previous year [3]. - Significant growth was noted in various sectors, including technology finance, digital finance, and pension finance, with respective loan balances increasing by 41.75% and 18.29% year-on-year [3]. Strategic Initiatives in Shanghai - The Bank of Communications is actively involved in the development of Shanghai's "Five Centers," enhancing its technological financial capabilities and expanding its market presence [4]. - The bank has established partnerships with 65 municipal and 191 district-level major projects in Shanghai, facilitating substantial cross-border financial transactions [4]. Digital Transformation - The bank is accelerating its digital transformation, enhancing its digital infrastructure and security measures, and increasing the application of artificial intelligence in various operational areas [5]. - Monthly active users for the bank's mobile banking and payment applications reached 53.06 million and 25.93 million, respectively, indicating strong engagement [5]. Risk Management - The bank maintains a prudent approach to risk management, with a non-performing loan ratio of 1.26%, down 0.05 percentage points from the previous year, and a provision coverage ratio of 209.97%, up 8.03 percentage points [6]. - The bank disposed of non-performing loans amounting to 55.74 billion yuan, marking a year-on-year increase of 28.12% [6].

Core Viewpoint - The Bank of Communications reported a stable and positive operational performance for the third quarter of 2025, emphasizing its role in supporting the real economy and maintaining financial stability [1]. Financial Performance - Total assets reached 15.50 trillion yuan, an increase of 4.02% compared to the end of the previous year [2]. - Net operating income for the first three quarters was 200.06 billion yuan, a year-on-year increase of 1.86%, with net interest income and net fee and commission income growing by 1.46% and 0.15%, respectively [2]. - The net profit attributable to shareholders was 69.99 billion yuan, reflecting a year-on-year growth of 1.90%, with increases of 1.14% and 0.29% in net revenue and net profit compared to the first half of the year [2]. Focus on Real Economy - The bank has focused on enhancing financial services for the real economy, with a customer loan balance of 9.07 trillion yuan, up 6.04% year-on-year, adding 31.2 billion yuan [3]. - Growth in specific sectors included a 6.72% increase in green loan balances and a 52.35% increase in green bond investments compared to the previous year [3]. - Inclusive finance loans grew by 18.29%, while loans for the elderly industry surged by 41.75% [3]. Strategic Initiatives in Shanghai - The bank is deeply involved in Shanghai's development, supporting the construction of five centers and enhancing its technological financial capabilities [4]. - Collaborations with 65 municipal and 191 district-level major projects have been established, with significant trading volumes in bond and swap transactions [4]. Digital Transformation - The bank is accelerating its digital transformation, enhancing digital infrastructure and security, and improving service efficiency through AI applications [5]. - Monthly active users for mobile banking and the "Buy Now, Pay Later" app reached 53.06 million and 25.93 million, respectively [5]. Risk Management - The bank maintains a prudent approach to risk management, with a non-performing loan ratio of 1.26%, down 0.05 percentage points from the previous year [6]. - The provision coverage ratio increased to 209.97%, up 8.03 percentage points year-on-year, with a 28.12% increase in the disposal of non-performing loans [6].

Core Viewpoint - The Bank of Communications reported a stable and positive operational performance for the third quarter of 2025, with total assets reaching 15.50 trillion yuan, a year-on-year increase of 4.02% [1] Group 1: Financial Performance - The bank achieved a net operating income of 200.06 billion yuan in the first three quarters, representing a year-on-year growth of 1.86%, with net interest income and net fee and commission income increasing by 1.46% and 0.15% respectively [2] - The net profit attributable to shareholders reached 69.99 billion yuan, up 1.90% year-on-year, with growth rates for net revenue and net profit improving by 1.14 and 0.29 percentage points compared to the first half of the year [2] Group 2: Support for the Real Economy - The bank focused on enhancing financial services for the real economy, with customer loan balances reaching 9.07 trillion yuan, a growth of 6.04% year-on-year, adding 31.2 billion yuan compared to the previous year [3] - Significant growth was noted in various sectors, including a 6.72% increase in green loan balances and a 41.75% increase in loans for the pension industry [3] Group 3: Digital Transformation - The bank is accelerating its digital transformation, enhancing digital infrastructure and security, with monthly active users for its mobile banking and payment apps reaching 53.06 million and 25.93 million respectively [5] - The bank has opened 7,039 open banking interfaces, with a total of 10.5 billion calls made [5] Group 4: Risk Management - The bank maintained a non-performing loan ratio of 1.26%, a decrease of 0.05 percentage points from the previous year, and a provision coverage ratio of 209.97%, an increase of 8.03 percentage points [6] - The bank disposed of non-performing loans amounting to 55.74 billion yuan, a year-on-year increase of 28.12% [6]

Core Viewpoint - The Bank of Communications reported a stable and positive operational performance for the third quarter of 2025, with total assets reaching 15.50 trillion yuan, a year-on-year increase of 4.02% [1] Group 1: Financial Performance - The bank achieved a net operating income of 200.06 billion yuan, a year-on-year growth of 1.86%, with net interest income and net commission income increasing by 1.46% and 0.15% respectively [2] - The net profit attributable to shareholders reached 69.99 billion yuan, reflecting a year-on-year increase of 1.90%, with growth rates for net revenue and net profit improving by 1.14% and 0.29% compared to the first half of the year [2] Group 2: Support for the Real Economy - The bank focused on enhancing financial services for the real economy, with customer loan balances reaching 9.07 trillion yuan, a year-on-year increase of 6.04%, adding 31.2 billion yuan compared to the previous year [3] - The bank's green loan balance grew by 6.72%, while green bond investments surged by 52.35% year-on-year [3] - Inclusive finance loans increased by 18.29%, and loans for the pension industry rose by 41.75% [3] Group 3: Digital Transformation - The bank is accelerating its digital transformation, enhancing digital infrastructure and security, with monthly active users for its mobile banking and payment apps reaching 53.06 million and 25.93 million respectively [5] - The bank has opened 7,039 open banking interfaces, with a total of 10.5 billion calls made [5] Group 4: Risk Management - The bank maintained a non-performing loan ratio of 1.26%, a decrease of 0.05 percentage points from the previous year, while the provision coverage ratio increased to 209.97%, up by 8.03 percentage points [6] - The bank disposed of non-performing loans amounting to 55.74 billion yuan, a year-on-year increase of 28.12% [6]

Core Viewpoint - The financial sector is increasingly focusing on providing tailored products and services to enhance the stability and upgrade of industrial and supply chains, as demonstrated at the third China International Supply Chain Promotion Expo [1][2][3]. Group 1: Insurance Innovations - China Insurance launched exclusive insurance products targeting nine major industrial chains, including low-altitude economy, computing power, integrated circuits, energy storage, digital technology, green agriculture, and smart vehicles [1]. - These products aim to address core needs of the industrial chain such as "supplementing, stabilizing, strengthening, and expanding" the chain, shifting from a "one enterprise, one policy" model to a "one chain, one policy" approach [1]. - The combination products integrate risk protection across the entire industrial chain process, covering research, production, logistics, and sales, creating a comprehensive risk management network [1]. Group 2: Banking Innovations - Bank of China showcased its latest financial solutions and upgraded five major products to support high-level opening-up [2]. - The "Zhongyin Smart Chain" includes six sub-chains: advanced manufacturing, digital technology, smart vehicles, clean energy, healthy living, and green agriculture, aimed at promoting the circular development of industrial chains [2]. - The focus is on using intelligent products to address bottlenecks and enhance the resilience and innovation of the industrial chain ecosystem [2]. Group 3: Digital Financial Services - The "Yuntong Easy Chain" from Bank of Communications aims to alleviate financing difficulties for enterprises through a diversified product system [3]. - The "Yuntong Financial Management" showcases digital financial products for enterprise financial management and payment settlement, featuring the "Cloud Cross-Bank" platform with ten integrated functions [3]. - The innovations presented at the expo indicate a shift in financial support for industrial and supply chain modernization from traditional credit support to more in-depth risk management and efficient digital platforms [3].

Core Viewpoint - The report outlines the performance and strategic initiatives of the Bank of Communications for the year 2024, highlighting a net profit of 93.586 billion yuan, a slight increase of 0.93% year-on-year, and improvements in asset quality metrics such as a non-performing loan ratio of 1.31% and a provision coverage ratio of 201.94% [1][2]. Group 1: Financial Performance - The bank achieved a net profit of 93.586 billion yuan in 2024, representing a year-on-year growth of 0.93% [1]. - The non-performing loan ratio decreased by 0.02 percentage points to 1.31% by the end of 2024 [1]. - The provision coverage ratio improved by 6.73 percentage points to 201.94% [1]. Group 2: Strategic Development - The board emphasized the importance of strategic management and the implementation of the "14th Five-Year Plan," with a focus on enhancing governance and accelerating transformation [2][3]. - The bank is committed to expanding retail business and enhancing digital financial services, with personal consumption loans showing a leading growth rate in the industry for four consecutive years [3]. - The bank's technology finance initiatives resulted in a 45.37% increase in the number of credit clients in technology enterprises [3]. Group 3: Digital Transformation - The bank is advancing its digital financial capabilities, achieving the highest level of data management capability maturity (DCMM Level 5) [4]. - The monthly active users of the mobile banking app increased by 12.84%, with online channels accounting for 80% of inclusive credit growth [4] [5]. - The bank is enhancing its digital infrastructure, ensuring comprehensive disaster recovery coverage for critical business systems [4]. Group 4: Governance and Compliance - The board conducted three shareholder meetings and nine board meetings, reviewing a total of 79 proposals [6]. - The board is focused on improving its operational efficiency and governance effectiveness, with regular evaluations of board performance and compliance with regulations [6][7]. - Independent directors played a crucial role in decision-making and oversight, participating in various meetings and discussions throughout the year [8]. Group 5: ESG and Social Responsibility - The bank is committed to green finance, with initiatives aimed at integrating ESG principles into its operations and product offerings [9]. - The bank donated a total of 58.8399 million yuan to social causes, focusing on rural revitalization and poverty alleviation [11]. - The bank's consumer rights protection efforts ranked first among six major commercial banks in annual evaluations [10]. Group 6: Future Plans - The bank plans to invest 5.275 billion yuan in fixed assets for 2025, marking a 6.63% increase from the previous year's plan [23]. - The investment will primarily focus on information technology, accounting for 81.9% of the total planned expenditure [24]. - The bank aims to enhance its operational capabilities while controlling costs in daily operations [24].