登录新浪财经APP 搜索【信披】查看更多考评等级 1. 案件所处的诉讼阶段：二审判决 2. 上市公司所处的当事人地位：被上诉人（一审原告） 3. 涉案金额：受特定机构投资者委托设立的信托计划项下信托贷款本金2,500,000,000元及相应利息、逾 期付款违约金和其他费用。 4. 对上市公司损益产生的影响：本次公告诉讼涉及的贷款事项，为江苏信托受特定机构投资者委托设立 的信托计划项下信托贷款，该信托贷款的风险由委托人交付资金形成的信托财产承担。诉讼结果预计不 会对公司本期及期后利润产生影响。 一、诉讼的基本情况 2024年8月，江苏国信股份有限公司（以下简称"公司"）控股子公司江苏省国际信托有限责任公司（以 下简称"江苏信托"）作为信托项目受托人（贷款人），就信托项目项下与广州市佳穗置业有限公司（以 下简称"佳穗置业"）和惠东县佳兆业投资有限公司（以下简称"惠东佳兆业"）的金融借款合同纠纷向南 京市中级人民法院提起诉讼。 证券代码：002608 证券简称：江苏国信 公告编号：2025-055 江苏国信股份有限公司关于子公司诉讼事项的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 ...

（文章来源：证券日报） 证券日报网讯 12月26日，江苏国信发布公告称，公司控股子公司江苏信托诉佳穗置业、惠东佳兆业25 亿元信托贷款纠纷案，江苏省高院二审驳回上诉维持原判；公司称信托财产自担风险，预计不影响本期 及期后利润。 ...

江苏国信公告称，控股子公司江苏信托曾就金融借款合同纠纷起诉佳穗置业和惠东佳兆业，涉案信托贷 款本金25亿元及相应利息等。2025年2月，南京中院一审判决佳穗置业返还本金25亿，支付利息、逾期 利息及违约金等。其后，佳穗置业和惠东佳兆业上诉，请求撤销承担评估费判决。近日，江苏信托收到 省高院二审判决，驳回上诉，维持原判。该诉讼结果预计不会对公司本期及期后利润产生影响。 ...

来源：湘财Plus 估值近10亿元的广发银行股权被挂出，将于2026年初进行公开拍卖，起拍价为7.84亿元，单价不及该行 每股净资产的三分之一。湘财Plus注意到，这笔股权的持股人系广发银行第八大股东，被拍卖股权系其 全部持股，涉及其与交银国际信托之间的金融借款合同纠纷，被追债超过7亿元。 估值近10亿银行股权被拍卖 涉持股人与信托借款纠纷 司法拍卖平台显示，江苏苏钢集团有限公司持有的广发银行2.23亿股股份将于2026年1月27日进行公开 拍卖，评估价为9.80亿元，折合每股4.40元，起拍价为7.84亿元，较评估价折价约20%，折合起拍单价 3.52元。 △江苏苏钢集团所持广 发银行股权被拍卖。 上述拍卖的处置方是北京市第一中级人民法院，关联的执行案号为（2024）京01执1732号，执行依据为 （2021）京01民初457号民事判决书。据资产评估报告透露，此次拍卖涉及的是交银国际信托有限公司 与江苏苏钢集团有限公司金融借款合同纠纷。 湘财Plus注意到，2017年9月，交银国际信托与北大方正信息产业集团有限公司、江苏苏钢集团签署信 托计划借款合同，约定北大方正信息产业集团向交银国际信托发放不超过15亿元 ...

亿达中国(03639)发布公告，公司附属公司荣泰公司、郑州亿达未能清偿北方信托贷款本金及对应利 息。日前，公司附属公司收到天津市第二中级人民法院送达的北方信托(原告)诉荣泰公司(被告一、借款 人、抵押人)、郑州亿达(被告二、共同还款人、抵押人)、大连软件园荣源开发有限公司(被告三、抵押 人)及大连嘉道科技发展有限公司(被告四、抵押人)的《民事起诉状》。原告诉请判令：(i)被告一及被告 二清偿借款本金约人民币4.82亿元及对应利息、罚息、违约金，至2025年9月21日合计约人民币6.12亿 元;(ii)原告有权就各抵押人提供的抵押物折价或者以拍卖、变卖所得价款在约定的抵押金额范围内享有 优先受偿权;及(iii)被告一及被告二承担原告因实现债权而支出的费用。 公司现正寻求法律意见，并就偿还贷款的未偿还本金金额及累计利息的清偿安排积极协商。公司将持续 监察上述法律程序的发展，并将适时另行刊发公告更新事态发展进度。 ...

Group 1: Financing Trends - In November, social financing (社融) increased by nearly 160 billion yuan year-on-year, driven by significant growth in corporate direct financing and off-balance-sheet financing[3] - Corporate direct financing rose by over 100 billion yuan, primarily due to the expansion of the sci-tech bond market, which saw net financing of 182.3 billion yuan in November, an increase of 100 billion yuan year-on-year[15] - Off-balance-sheet financing also increased by over 100 billion yuan, largely attributed to the upcoming implementation of revised trust company regulations[15] Group 2: Loan and Deposit Dynamics - In November, RMB loans decreased by 190 billion yuan year-on-year, reflecting weak demand for loans and a supply-side contraction due to financial institutions' "anti-involution" measures[4] - Short-term loans for enterprises increased by 100 billion yuan, indicating a rise in short-term operational funding needs, while medium and long-term loans decreased by 40 billion yuan year-on-year[22] - Resident deposits showed a significant reduction, with both household and corporate deposits declining year-on-year, indicating a trend of deleveraging among residents[26] Group 3: Monetary Supply Metrics - M2 growth rate fell to 8% in November, down 0.2 percentage points from October, while M1 growth rate decreased to 4.9%, down 1.3 percentage points[26] - The decline in M1 and M2 growth rates is attributed to reduced "loan creation deposits" and limited fiscal fund injections, with non-bank financial institution deposits also showing a year-on-year decrease[26] Group 4: Future Outlook and Risks - The overall financial data for November indicates persistent weakness in private sector financing demand, with potential positive impacts from new policy financial tools expected to gradually materialize[6] - The high base effect from government bond financing is likely to continue to weigh on social financing growth, which may stabilize or slightly decline in the near term[6] - Risks include unexpected changes in the economic environment and policy adjustments that could significantly impact market financing demand and liquidity conditions[7]

证券研究报告 宏观经济点评 2025 年 12 月 15 日 11 月金融数据点评：社融结构改善，但信贷内生修复仍偏弱 [Table_Author] 沈夏宜 分析师 魏争 分析师 证书:S1320523020004 证书:S1320524100001 Email:shenxiayi@lczq.com Email:weizheng@lczq.com 投资要点： 社融存量增速持平前值（8.5%）。11 月新增社融 2.49 万亿元，同比多增 1597 亿元，存量增速与前值持平。结构上看，政府债与人民币贷款仍对 社融形成一定拖累，但企业债、信托贷款与未贴现银行承兑汇票边际改 善，对当月社融形成有效对冲。 企业部门信贷结构边际改善。当月企业短期贷款新增 1000 亿元，同比多 增 1100 亿元。一方面，在居民部门信贷需求偏弱的背景下，银行通过企 业短贷与票据进行"冲量补位"。另一方面，在央行"督促银行不发放税 后利率低于同期限国债收益率贷款"的政策导向下，低收益票据贴现投放 受到一定约束，银行可能倾向于加大企业短贷投放，以维持信贷供给力 度。企业中长期贷款新增 1700 亿元，同比少增 400 亿元，降幅较前月明 ...

11 月社融存量增速持平于 8.5% 11 月新增社融 2.49 万亿，同比多增 1597 亿；较过去五年同期均值 2.3 万亿相比，今年 11 月新增社融规模与历史均 值相差不算大，落在过去五年同期新增规模的上沿。社融存量增速本月短暂持稳于 10 月水平，依然为 8.5%。 表外融资是本月社融同比多增的主要贡献项之一，企业债券是本月社融多增的另一支撑项 11 月表外融资项中的信托贷款、未贴现银票均同比多增，对社融形成支撑。2020 年以来 11 月新增信托贷款规模均较 10 月回落，本月走势反季节性，或与近期落地的新型政策性金融工具支持项目有关。此外，11 月企业债券新增 1788 亿至 4169 亿，新增规模为 2020 年以来同期新高，是直接融资项目中唯一多增的一项，也对社融形成支撑。 社融总量和信贷结构走势分化 虽然 11 月社融总体表现不差，但 11 月信贷仍然偏弱。其中企业部门信贷同比多增 3600 亿至 6100 亿，主要发力项是 企业短贷和票融，企业中长贷同比少增；居民部门信贷更是历史上同期首次负增长。 新增企业中长贷为 2016 年以来同期新低。今年企业部门信贷同比多增的原因之一在于 202 ...

Core Viewpoint - The financial data for November indicates a notable improvement in corporate financing demand, with the initial effects of policy financial tools becoming evident. However, the residential sector remains a significant shortcoming, primarily due to the ongoing adjustments in the real estate market [4][11]. Group 1: Social Financing and Credit - In November, social financing increased by 2.49 trillion yuan, exceeding market expectations of 2 trillion yuan, with a year-on-year increase of 159.7 billion yuan. The stock growth rate of social financing remained stable at 8.5% [1][5]. - The increase in real credit was 405.3 billion yuan, showing a year-on-year decrease of 116.3 billion yuan, marking the fifth consecutive month of decline. The decline was primarily driven by a reduction in residential loans [6][7]. - Corporate loans remained strong, aligning with the high BCI corporate financing environment index for November, indicating a shift in bank assessments towards corporate sectors due to weak residential loan demand [2][7]. Group 2: Government and Corporate Bonds - Government bond financing amounted to 1.2 trillion yuan, a year-on-year decrease of 104.8 billion yuan, with expectations for December financing to remain around 1.2 trillion yuan [8]. - Corporate bond financing increased by 416.9 billion yuan, a year-on-year increase of 178.8 billion yuan, driven by policy encouragement for technology finance and lower financing costs [8][9]. Group 3: Trust and Other Financing Instruments - The amount of undiscounted bank acceptance bills increased by 149 billion yuan, reflecting a significant expansion in bank bill issuance, likely influenced by lower interest rates [9]. - Trust loans increased by 84.4 billion yuan, a year-on-year increase of 75.3 billion yuan, partly due to the spillover effects of policy financial tools on infrastructure financing [9]. Group 4: Monetary Supply and Growth Rates - M1 grew by 4.9% year-on-year, a decline of 1.3 percentage points from the previous month, indicating a continued downward trend following a peak in September [10]. - M2 growth was recorded at 8.0%, a decrease of 0.2 percentage points, primarily due to reduced credit generation [10]. Group 5: Future Outlook - The main highlight of the November financial data is the improvement in corporate financing demand, with a need to monitor the impact of policy financial tools in the upcoming quarters, especially in the construction sector [4][11].

其中，对实体经济发放的人民币贷款增加14.93万亿元，同比少增1.28万亿元；对实体经济发放的外币贷 款折合人民币减少1368亿元，同比少减1873亿元；委托贷款增加895亿元，同比多增1453亿元；信托贷 款增加3003亿元，同比少增823亿元；未贴现的银行承兑汇票增加1605亿元，同比多增3568亿元；企业 债券净融资2.24万亿元，同比多3125亿元；政府债券净融资13.15万亿元，同比多3.61万亿元；非金融企 业境内股票融资4204亿元，同比多1788亿元。 北京商报讯（记者 廖蒙）12月12日，人民银行发布2025年11月金融统计数据报告。经初步统计，前十 一个月社会融资规模增量累计为33.39万亿元，比上年同期多3.99万亿元。 ...