Group 1 - The core viewpoint emphasizes the importance of the Guangdong-Hong Kong-Macao Greater Bay Area as a strategic platform for China's high-level opening-up and the dual circulation development model, positioning it as a key hub for connecting domestic and international markets [1] - China Merchants Bank (CMB) is deeply integrated into the national opening-up strategy and the overall layout of the Greater Bay Area, leveraging its location advantages to participate in cross-border financial mechanisms [1] - CMB has established a mature professional service capability and custody service system since its proactive layout in global custody business in 2006, supporting Chinese institutions in their global expansion [1] Group 2 - CMB aims to become the preferred global custodian bank by enhancing its professional, technological, and service capabilities, with a global custody network covering over 100 major financial markets [2] - Hong Kong serves as a core hub for CMB's global custody business, providing diversified services and maintaining advantages in public fund custody [2] - The establishment of CMB's global custody center in Singapore further strengthens its capabilities and supports Chinese institutions in expanding their global market presence [2] Group 3 - CMB is committed to enhancing its global custody services through technological empowerment, developing a global custody system that offers comprehensive online, automated, and intelligent operations [3] - The bank focuses on providing tailored global custody services for Chinese institutions, integrating various financial resources to create value for clients [3] - CMB's global custody business covers all types of asset management institutions, offering both basic and value-added services [3] Group 4 - As China's financial market opens further, the strategic position of the Greater Bay Area will be further highlighted, with CMB continuing to enhance its global custody service system to contribute to the high-level opening of China's finance [4]

依托两大支点，全球托管服务差异化优势明显。 招商银行托管业务始终以 " 致力于成为专业 更精、科技更强、服务更佳的客户首选全球托管银行 " 为愿景，持续完善全球托管网络布 局。作为首家在香港和新加坡开展托管业务的股份制商业银行，招商银行通过全球托管服务 网络，覆盖超 100 个主要金融市场，满足中资机构 " 走出去 " 和跨境资本 " 引进来 " 需 求，提供一站式综合解决方案。 香港作为粤港澳大湾区的核心，也是招商银行全球托管业务的桥头堡 。作为首批拿到 13 号 公募托管牌照的中资托管行， 招商银行全球托管香港中心以专业服务能力与高效服务水平， 持续巩固在公募基金等领域的托管优势，为客户提供多元化服务体系，赋能客户全球资产配 置。此外，随着招商银行全球托管新加坡中心的正式展业，进一步强化招商银行全球托管业 务能力，助力中资机构行稳致远拓展全球市场。 在全球经济深度融合与我国坚定不移推进高水平对外开放的宏大背景下，加快构建 " 双循环 " 发展新格局已成为国家战略纵深推进的关键路径。粤港澳大湾区作为 " 国家重大战略平台 " 和 " 改革开放前沿阵地 " ，承载着服务国家高水平双向开放、促进金融市场内外联通 ...

Core Viewpoint - The Central Financial Work Conference emphasizes the goal of building a strong financial nation, highlighting the importance of asset custody as a key financial infrastructure for ensuring asset security and promoting market prosperity [1] Group 1: Global Custody Network - The establishment of a local self-owned custody network is crucial for global custody services, which relies heavily on global layout capabilities [2] - As of June 2025, Bank of China has overseas institutions covering 64 countries and regions, with a complete layout in major global financial centers [2] - The bank has established a "main custody + sub-custody" collaborative global service system to support both domestic and foreign institutions in global investments [2] Group 2: Comprehensive Financial Service Advantages - Bank of China has developed a "full-chain empowerment + full-time zone coverage" service model to meet global investment client needs [4] - The bank has created a leading global custody system that integrates technology, utilizing AI and big data for digital and intelligent upgrades [4][5] - The bank's foreign currency clearing scale ranks first among Chinese banks, maintaining a leading position in cross-border RMB clearing [4] Group 3: Global Custody Service Ecosystem - Bank of China actively builds a collaborative global custody service ecosystem, integrating local investment market requirements and regulatory policies [7] - The bank holds a leading number of custody business licenses across different countries and has established long-term partnerships with top global asset management firms [7] - The bank has received multiple awards for its custody services, enhancing its global brand influence [8] Group 4: Future Outlook - Bank of China aims to continue enhancing its global custody service capabilities, contributing to the construction of a strong financial nation and supporting the dual circulation development pattern [8] - The bank's global custody services play a vital role in facilitating cross-border capital flows and asset globalization, significantly impacting the competitiveness of the Chinese banking industry [8]

Core Viewpoint - The Central Financial Work Conference emphasizes the goal of building a strong financial nation, highlighting the importance of financial institutions and asset custody as a key component of financial infrastructure [1] Group 1: Global Custody Network - Asset custody plays a crucial role in ensuring asset security, regulating investment operations, and promoting market prosperity, serving as a vital link for global asset allocation and cross-border capital flow [1] - Bank of China has established itself as the first Chinese global custodian bank, with a global custody scale reaching 4.7 trillion yuan, covering over 100 countries and regions [1][2] - The establishment of a local self-owned custody network is essential for global custody services, relying heavily on global layout capabilities [1] Group 2: Comprehensive Financial Service Advantages - Bank of China has developed a comprehensive financial service model that includes a full-chain securities service system, covering basic services like asset custody and value-added services like securities lending [3] - The bank has achieved seamless integration across different time zones, ensuring continuous service response for clients [3] - The bank's global custody system is built on a technology platform that integrates all products and processes, enhancing service efficiency through digital and intelligent upgrades [4] Group 3: Global Custody Service Ecosystem - Bank of China actively collaborates with various institutions to build a cooperative global custody service ecosystem, understanding different market regulations and compliance requirements [5] - The bank has established long-term partnerships with top global asset management firms, enhancing its ability to meet the full-process needs of international asset management [5] - The bank has received multiple awards for its custody services, reflecting its growing brand influence in the global custody market [5][6] Group 4: Future Outlook - Bank of China aims to continue enhancing its global custody service capabilities, contributing to the construction of a strong financial nation and supporting the dual circulation development pattern [6] - The bank's global custody services are positioned as a key element in facilitating cross-border capital flow and asset globalization, playing a significant role in enhancing the global competitiveness of the Chinese banking industry [6]

Core Insights - The Chinese banking industry has reached a total asset of nearly 470 trillion yuan, ranking first in the world, with 143 Chinese banks listed among the global top 1000 banks, including 6 in the top 10 [1] - The international settlement volume for Chinese banks is projected to reach 12.75 trillion USD in 2024, marking a year-on-year growth of 10.35% [1] - China Bank's globalization business has shown a consistent increase in profit contribution, rising from 16.6% in 2021 to 22.3% in 2024 [1] Group 1: Globalization and Competitive Advantage - Globalization is highlighted as a key differentiator for China Bank, with its global network covering 64 countries and regions, including 45 Belt and Road Initiative countries [2] - The "One Point Access, Global Response" mechanism allows clients to enjoy global financial services without leaving their city, enhancing cross-border business opportunities [2][3] - The platform has facilitated over 3000 demands for "going out" and "bringing in" in the past two years, ensuring efficient service for clients in various scenarios [3] Group 2: Support for RMB Internationalization - China Bank actively participates in the construction of offshore RMB markets and enhances the infrastructure for RMB internationalization [4] - RMB has become the fourth largest payment currency globally, with China Bank being a key player in the cross-border RMB payment system [4] - The bank is expanding the use of RMB in offshore markets, achieving significant growth in RMB settlement volumes in Hong Kong and Europe [5] Group 3: Support for Foreign Trade and E-commerce - China Bank has reported a total transaction volume of 530 billion yuan in cross-border e-commerce, reflecting a year-on-year growth of 42% [6] - The bank has implemented various support schemes for foreign trade, facilitating market expansion and enhancing service quality for enterprises [6] - Through participation in major trade fairs, China Bank supports export-to-domestic sales and cross-border matchmaking activities [6]