本文源自：金融界 重庆银行股份有限公司的主营业务是银行业务及有关的金融服务。公司的主要产品是公司银行业务、普 惠金融业务、个人银行业务、金融市场业务、投资银行业务、贸易金融业务。2024年1月，在工业和信 息化部信息通信管理局组织的评选中，本行荣获"2023年移动互联网应用服务能力提升优秀案例"。2024 年1月，本行获得中国标准化协会良好行为认证，成为全国首家初次参评即获得4A级的金融机构。2024 年1月，在《零售银行》杂志举办的2024深圳湾零售银行高峰论坛上，本行荣获"十佳财富管理新锐 奖"。2024年3月，经重庆市网络安全等级保护领导小组办公室评定，本行荣获"2023年度网络安全等级 保护先进单位"。2024年4月，在人行重庆营业管理部组织的评选中，本行荣获支付系统运行维护"先进 集体"。2024年5月，在中国信息通信研究院组织的"首届产融合作数据模型算法大赛"中，本行荣获"卓 越方案"和"优秀方案"。2024年6月，本行《基于图计算与人工智能技术的企业融资服务》成为人行重庆 市分行第二批金融科技创新监管工具中首个验收成功的"出盒"项目。2024年9月，在中国农村信用合作 报社组织的评选中，本行被评 ...

Core Viewpoint - The "2025 China Enterprises Going Global Summit" aims to provide a high-end platform for Chinese companies to address challenges and explore opportunities in the context of global industrial chain restructuring [1] Group 1: Competitive Environment for Outbound Enterprises - The primary competition faced by Chinese outbound enterprises is between China and the United States, with a notable decline in the share of exports to developed countries [4] - China's export share to the U.S. is projected to decrease from 16.2% in 2022 to 14.7% in 2024, while exports to the EU are expected to drop from 15.6% to 14.3% in the same period [4] - In the first quarter of this year, China's non-financial outbound investment reached $35.68 billion, a year-on-year increase of 5.4%, covering 4,023 enterprises across 143 countries and regions [4] Group 2: U.S. Financial Environment - The U.S. faces structural contradictions with significant trade deficits exceeding $500 billion annually and a national debt of $36 trillion, with interest payments surpassing $1 trillion per year [5] - To address its fiscal deficits, the U.S. is increasing the issuance of dollars to purchase global goods, maintaining its monetary hegemony [5] - Recent U.S. stablecoin initiatives aim to tie stablecoins to the dollar, expanding the U.S. debt market and asserting dominance in the decentralized financial market [6] Group 3: Financial Empowerment for Outbound Enterprises - The operating environment for Chinese outbound enterprises has significantly improved over the past two decades, supported by national policies, technological innovations, and a complete industrial chain [10] - Financial institutions have evolved from providing basic credit and insurance to offering comprehensive industrial chain financial services, aiding enterprises in optimizing global layouts and enhancing supply chain collaboration [11] - Chinese banks, such as the Bank of China, are expanding their financial products and services for outbound enterprises, including export credit, merger loans, and global cash management [12]

Group 1 - The core message of the news is the strong commitment of China to financial openness and reform, highlighted by multiple financial policies announced at the Lujiazui Forum [1][2] - Financial regulatory authorities emphasize that foreign investment has significantly improved corporate governance and operational management in Chinese banks, with 80% of national banks introducing foreign strategic investors [1][2] - The total investment of Oaktree Capital in Greater China has surpassed 47 billion RMB since entering the market in the 1990s, showcasing the benefits of China's financial openness [1][2] Group 2 - Eight new financial opening measures were announced, including offshore trade finance services and support for foreign institutions in various financial sectors, indicating China's determination for financial reform [2][5] - The importance of the Chinese market is underscored by foreign financial executives, noting that three-quarters of multinational companies investing in China have partnerships with local firms [2][3] - The introduction of new rules for futures and derivatives is seen as a milestone for China's position as a leading global financial center [3][4] Group 3 - The establishment of the Shanghai-London Stock Connect in 2019 has facilitated mutual market access, enhancing the internationalization of China's capital markets [4][5] - The total assets of foreign banks and insurance institutions in China exceed 7 trillion RMB, with foreign insurance companies' market share increasing from 4% in 2013 to 9% currently [5][6] - The Chinese financial market is expected to expand significantly, driven by rising consumer demand and opportunities in technology and green finance [5][6] Group 4 - The Lujiazui Forum serves as a significant indicator of China's financial reform and global financial governance, promoting a cooperative and open economic environment [6][7] - The People's Bank of China plans to enhance the foreign exchange management system to facilitate cross-border investment and support the internationalization of the RMB [7][8] - As of May 31, the cumulative approved quota for Qualified Domestic Institutional Investors (QDII) reached approximately 167.79 billion USD, with 189 institutions granted investment quotas [8]

在全球经济格局深刻调整与我国金融开放持续深化的背景下，上海临港新片区作为国际自由贸易港 核心载体，其离岸贸易金融服务综合改革试点已成为探索中国特色离岸金融发展的关键突破口。 二是国家级真实性核查平台提级。第一，跨部门数据整合：整合外汇局、海关、税务等6大系统中 贸易真实性核查的系统，并与临港自有的贸易真实性核查系统和广州南沙的"全球溯源系统"进行充分整 合，构建"国家级离岸贸易真实性核查区块链平台"，充分利用新平台所具有的特殊功能，通过智能合约 等途径核验贸易流、资金流、物流"三流合一"，核查准确率从82%提升至99%。第二，风险智能管控： 平台嵌入"风险热力图"，对高风险交易自动触发强化尽职调查，同步对接CIPS系统实现跨境资金全流程 追溯。 三是税收与服务生态闭环构建。第一，税收优惠升级：在临港现有离岸贸易免征印花税基础上，对 离岸贸易企业实施"所得税五免五减半"、离岸人民币结算业务免征增值税。第二，全链条金融服务包： 推出基于应收账款的离岸贸易专项融资（额度提升至交易金额90%），试点人民币与非自由兑换货币的 远期期权对冲工具，设立"离岸贸易企业服务中心"提供一站式服务。 同时，积极落地央行给予上海发展 ...

此次揭牌，意味着OCTO集团围绕"跨境电商 + 智能供应链 + 区块链金融"构建的全球商贸生态平台，正式迈出实 质性第一步，也预示着全球中小企业迎来一个去中心化、透明化、高效率的跨境贸易新通道。OCTO资产管理公 司发言人表示："这是我们全球商贸战略的关键一步，OCTO澳客不仅仅是一个电商平台，更是连接全球商品与资 本流动的智能中枢。" 新加坡2025年5月22日，在全球贸易格局持续重构、数字经济加速发展的背景下，OCTO资产管理公司（OCTO Asset Management）与法国知名投资机构Amplegest携手，在新加坡正式揭牌成立全资子公司 OCTO澳客新加坡全 球商贸有限公司（OCTO GLOBAL TRADING PTE. LTD.），标志着其面向全球的"科技+金融+商贸"融合发展战略 正式落地。 新加坡作为亚洲金融与贸易枢纽，不仅为OCTO澳客提供理想的政策环境与港口资源，也吸引了政府与产业链的 多方协作：入选新加坡金管局FSTI 3.0计划，享受最高50%技术研发资助；与新加坡国立大学、MIT、清华大学共 建AI与区块链联合实验室；拟与国际组织如BIS（国际清算银行）与金融标准委员会推进跨境 ...

——陆家嘴论坛金融政策点评 投资要点： 6 月 18 日上午，第 19 届陆家嘴论坛召开，中国人民银行行长潘功胜 宣布了八项货币政策举措，中国证监会主席吴清宣布创业板正式启用第三 套标准并重启未盈利企业科创板第五套标准上市，传递出金融加大力度支 持新质生产力发展、夯实外循环缓和出口风险、进一步优化传导机制的政 策导向。 宏 观 研 究 2025 年 06 月 18 日 增量金融政策抵御外部风险，激活新质生产力 宏 观 点 评 央行宣布多项举措，便利外贸企业融资和汇率风险管理，增强外部风 险抵御能力。自年初特朗普第二任期启动以来，美国政府迅速推动对华和 其他主要贸易伙伴进一步加征关税措施，并加速推进新一轮减税法案，试 图引导全球制造业先进产能向美国倾斜，全球经贸合作长期格局面临重塑。 尽管 5 月以来美对华新一轮关税措施阶段性有所缓和，但在短暂的抢出口 阶段之后，我国出口部门仍面临较为明显的中期不确定性。在此背景下， 人民银行在此次论坛提出多项增量政策举措，包括：1）要在上海临港新片 区开展离岸贸易金融服务综合改革试点，"创新业务规则，支持上海发展离 岸贸易"；2）发展自贸离岸债，"拓宽'走出去'企业及'一带一 ...

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange announced a comprehensive package of foreign exchange policies aimed at supporting foreign trade enterprises and facilitating cross-border investment and financing, reflecting a commitment to deepen reforms and serve the real economy [1][7]. Foreign Trade Support - A series of facilitation policies will be implemented to deepen trade foreign exchange business management reform, including optimizing foreign exchange fund settlement for foreign trade comprehensive service enterprises and supporting the centralized management of overseas funds for compliant engineering contracting enterprises [7]. - The new policies will also encourage banks to include more new trade entities in the trade facilitation policy [7]. Cross-Border Investment Facilitation - The package includes measures to support research institutions in attracting foreign investment, expand cross-border financing for technology enterprises, and reduce the negative list for capital project income usage [7]. - The promotion of a cross-border integrated fund pool policy for multinational companies will facilitate the collection and use of funds within the group [7]. QDII Investment Quotas - As of May 31, 2025, the cumulative approved quota for Qualified Domestic Institutional Investors (QDII) reached $167.79 billion, with 189 institutions approved, including banks, securities firms, insurance companies, and trust companies [8]. - A new batch of QDII investment quotas will be issued to meet the reasonable demand for overseas investment by domestic entities [7][8]. Market Resilience - Despite global economic uncertainties, China's foreign exchange market has maintained overall stability, with the RMB appreciating by 1.6% against the USD this year and foreign investment in domestic bonds reaching a net increase of $10.9 billion in April [2][3]. - The foreign exchange market's resilience is attributed to a more mature and rational participation from entities, with the proportion of enterprises using foreign exchange hedging increasing significantly [4]. Regulatory Framework - The foreign exchange management reform emphasizes four key aspects: "more convenient, more open, more secure, and smarter" [4][5]. - The focus on enhancing the foreign exchange policy system will provide stronger support for high-quality economic development [5][6].

近年来，园区正在由横向发展转向纵向发展，更强调产业链配套和公共基础功能配套，这有助于银行打 通上下游产业链，真正实现高质量发展。 ● 本报记者 李静 在百级洁净区，身着无尘服的操作员在黄光下忙碌，产线发出轻微蜂鸣声，刚生产出来的电子元器件正 被真空吸笔转移，它将成为新能源汽车的"神经末梢"，用来捕捉电池仓的微小震颤。 这一工业图景曾经被科技企业面临的典型成长困境所笼罩：从实验室里的技术突围，到产业化路上的资 金瓶颈，创新链条上的每一环都在渴求金融活水的滋养。科技企业需要资金，更需要金融机构的深 随着技术和产品逐渐成熟，奥松电子迎来发展的转折点。然而，设备采购已经耗去大部分资金，厂房建 设出现资金缺口。在这个关键时刻，兴业银行向奥松电子伸出援手，一段长达8年的银企合作就此拉开 帷幕。 2017年，兴业银行广州分行通过"投联贷"创新金融模式，为奥松电子提供了2730万元的厂房按揭贷款支 持。此后，兴业银行始终与奥松电子并肩前行，提供了涵盖项目贷款、流动资金贷款、贸易金融等多种 产品的综合金融服务，有效满足企业短、中、长期各类金融需求，授信规模最高达6000万元。 如今，奥松电子正在重庆建设新的生产基地。张宾表示， ...

Group 1 - The core viewpoint of the articles highlights the performance and recognition of Chongqing Bank, showcasing its financial metrics and industry standing [1][2][3] - As of June 12, Chongqing Bank's stock closed at 11.32 yuan, with a PE ratio of 7.56 and a total market capitalization of 39.332 billion yuan [1] - The bank's PE ratio is higher than the industry average of 6.78 and the median of 6.51, ranking it 38th among its peers [1][3] Group 2 - Chongqing Bank's main business includes various banking services such as corporate banking, inclusive finance, personal banking, financial market services, investment banking, and trade finance [2] - The bank has received multiple awards and recognitions in 2024, including the "Top Ten Wealth Management Newcomer Award" and "Outstanding Scheme" in various competitions [2] - The latest quarterly report for Q1 2025 shows a revenue of 3.581 billion yuan, reflecting a year-on-year increase of 5.30%, and a net profit of 1.624 billion yuan, also up by 5.33% [3]

Summary of the Conference Call for 联易融科技 Company Overview - 联易融科技 is a leading supply chain financial technology solution provider in China, with a service asset scale of RMB 411.2 billion in 2024, representing a year-on-year growth of 28% and a market share of 21.1%, ranking first in the industry [2][3][5]. Financial Performance - Revenue for 2024 reached RMB 1.03 billion, up 19% year-on-year, with a gross margin increase to 70%, reflecting a 36% growth in gross profit, which outpaced the growth rates of scale and revenue [2][3]. - The company has a cash reserve of RMB 5.1 billion and a price-to-book ratio of only 0.3, indicating a high safety margin and significant undervaluation relative to its market value of over RMB 30 billion [3]. Business Segments - The company operates through three main business segments: Core Enterprise Cloud, Financial Institution Cloud, and Cross-border Cloud [2][7]. - **Core Enterprise Cloud**: Achieved a steady growth of 34%, with multi-level circulation business accounting for over 60%, growing by 52% year-on-year [2][7]. - **Financial Institution Cloud**: Expanded from payable ABS to receivable ABS, doubling transaction volume, with the WindLink AI agent product contributing over RMB 20 million in revenue [2][8]. - **International Business**: Collaborated with cross-border e-commerce platforms like Amazon and Shopee, establishing offices in the UK, India, the US, and Singapore, and forming a joint venture with Standard Chartered Bank [2][9]. Technological Innovations - The company has been deeply involved in blockchain technology, developing the underlying chain Be Trust and launching digital trade token platforms (DTT) and asset-backed tokenization platforms (ABT) to enhance global supply chain trade efficiency [4][12][14]. - The DTT platform allows conditional payments through smart contracts, while the ABT platform tokenizes real-world assets for investment [15][17]. Market Position and Strategy - The company plays a crucial role in connecting core enterprises, financial institutions, and small and micro enterprises, with a customer retention rate of 99% [5]. - Future strategies include deepening cooperation with digital banks and exploring digital token projects in the Web 3.0 space, while expanding international markets [10]. Regulatory and Market Outlook - The company is preparing to support various stablecoins, which are expected to play a significant role in trade finance, enhancing payment conditions and integrating with accounts receivable financing [23][27]. - The development of stablecoins is anticipated to create new service opportunities and enhance the efficiency of cross-border trade [24][25]. Key Partnerships and Projects - Significant collaborations include projects with Standard Chartered Bank and participation in initiatives like Project Dynamo and Project Guardian, focusing on asset tokenization and trade finance [13][21]. Conclusion - Overall, 联易融科技 is positioned strongly in the supply chain finance sector, with robust financial performance, innovative technology applications, and strategic international expansions, while also preparing for the evolving landscape of digital currencies and stablecoins [2][10][27].