| 天空部落 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日期? | | | --- | --- | --- | --- | --- | --- | | | 股份數目 | | | | (請參閱上述*註 有投票權股 (日 / 月 / 年) 分自分市 | | CS20260202E00373 | JPMorgan Chase & Co. | 1101(L) | 840,900(L | HKD 5.8223 | 201,141,350(L) 8.00(L)28/01/2026 | | | | | | | 10,932,946(S) 0.43(S) | | | | | | | 83,517,326(P) 3.32(P) | 格隆汇2月3日丨根据联交所最新权益披露资料显示，2026年1月28日，重庆农村商业银行(03618.HK)获JPMorgan Chase & Co.以每股均价5.8223港元增持好仓 84.09万股，涉资约489.6万港元。 增持后，JPMorgan Chase & Co.最新持好仓数目为201,141, ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 163 regional banks in Zhejiang Province, highlighting their asset and liability structures, profitability, and asset quality [6][20] - The asset growth rate for major city commercial banks in Zhejiang is 9.4%, which is lower than the 14.2% growth rate of listed city commercial banks, while major rural commercial banks show an asset growth rate of 8.0%, exceeding the 6.7% growth rate of listed rural commercial banks [6][25] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 55.5% in 2024, an increase of 95 basis points year-on-year, while rural commercial banks will see a decrease to 59.3%, down 19 basis points [31] - Profitability metrics show that the average Return on Assets (ROA) for city commercial banks in Zhejiang is 0.78%, slightly above the average of listed city commercial banks, while rural commercial banks have an average ROA of 0.82%, which is below the average of listed rural commercial banks [6][31] - The asset quality of regional banks in Zhejiang is reported to be better than that of listed banks, with non-performing loan ratios lower by 16 basis points for city commercial banks and 9 basis points for rural commercial banks compared to their listed counterparts [6][31] Summary by Sections Section 1: Economic Structure of Zhejiang Province - Zhejiang Province is focused on high-quality development and aims to become a model for common prosperity [13] - The province's GDP is heavily concentrated in cities like Hangzhou, Ningbo, and Wenzhou, with Hangzhou accounting for 24.3% of the total GDP in 2025 [15] Section 2: Overview of 163 Regional Banks - The report categorizes the banks into city commercial banks, rural banks, and others, with a total of 163 banks in the region [20] - The distribution of registered capital among these banks is relatively balanced, with 63 banks having over 500 million yuan in registered capital [22] Section 3: Asset and Liability Structure - The asset growth of major city and rural commercial banks has been declining since 2019, with city banks showing a growth rate of 9.4% in the first half of 2025 [25] - The liability structure indicates that customer deposits account for 77.5% of liabilities for city commercial banks, which is higher than the 66.2% for listed city banks [44] Section 4: Profitability and Asset Quality - The average ROE for city commercial banks in Zhejiang is 11.98%, slightly lower than the average of listed city banks [6][31] - The report highlights that the non-performing loan ratio for city commercial banks is lower than that of listed banks, indicating better asset quality [6][31]

联交所最新资料显示，1月28日，小摩增持重庆农村商业银行(03618)84.09万股，每股作价5.8223港元， 总金额约为489.6万港元。增持后最新持股数目约为2.01亿股，最新持股比例为8%。 ...

智通财经APP获悉，联交所最新资料显示，1月28日，小摩增持重庆农村商业银行(03618)84.09万股，每 股作价5.8223港元，总金额约为489.6万港元。增持后最新持股数目约为2.01亿股，最新持股比例为 8%。 ...

Core Viewpoint - The agricultural commercial bank sector experienced a decline of 1.13% on February 3, with the Shanghai Agricultural Commercial Bank leading the drop, while the overall Shanghai Composite Index rose by 1.29% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4067.74, up 1.29%, and the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - The agricultural commercial bank sector saw various individual stock performances, with notable declines in several banks, including Jiangyin Bank and Zhangjiagang Bank, both down by 0.88% [1] Group 2: Trading Volume and Capital Flow - The total trading volume for the agricultural commercial bank sector was significant, with the highest trading volume recorded for Qingnong Bank at 895,900 shares and a total transaction value of 274 million yuan [1] - The sector experienced a net inflow of 77.82 million yuan from institutional investors, while retail investors saw a net outflow of 106 million yuan [1] Group 3: Individual Stock Analysis - Yunnan Agricultural Commercial Bank had a net inflow of 32.1 million yuan from institutional investors, but a net outflow of 18.46 million yuan from retail investors [2] - Changshu Bank also saw a net inflow of 23.19 million yuan from institutional investors, with retail investors withdrawing 10.73 million yuan [2] - Su Nong Bank had a net inflow of 15.3 million yuan from institutional investors, but a significant net outflow of 20.84 million yuan from retail investors [2]

行 业 研 究 银行 2026 年 02 月 03 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -10% 0% 10% 19% 29% 2025-02 2025-06 2025-10 银行 沪深300 相关研究报告 《2026 年初银行存贷形势更新与展望 —行业深度报告》-2026.1.26 《规模高增&收益承压，"存款+基金" 成配置主线—理财登 2025 年报解读》 《企业信贷超季节性增长，信贷投放 前置趋势或延续 —行业点评报告》 -2026.1.16 2026 年净息差展望：筑底企稳 ——行业深度报告 刘呈祥（分析师） 朱晓云（分析师） liuchengxiang@kysec.cn 证书编号：S0790523060002 zhuxiaoyun@kysec.cn 证书编号：S0790524070010 理论估算 1.4%净息差支撑 6%左右的 RWA 增速 据我们测算，银行若保持 RWA 6%-7%的增速，理论净息差大约在 1.44%-1.57% 是底线水平，2025Q3 商业银行净息差为 1.42%，意味着银行资产扩张面临内生 资本补充的现实硬约束，"稳息差"仍然是 2026 年银行核心经 ...

Summary of Key Points Core Viewpoint - Chongqing Rural Commercial Bank Co., Ltd. reported no changes in its statutory and issued share capital as of January 31, 2026, indicating stability in its equity structure [1][2]. Group 1: Share Capital Details - The statutory and registered capital for H-shares (stock code: 03618) is RMB 2,513,336,041, corresponding to 2,513,336,041 shares, with a par value of RMB 1 per share [1]. - The statutory and registered capital for A-shares (stock code: 601077) is RMB 8,843,663,959, corresponding to 8,843,663,959 shares, with a par value of RMB 1 per share [1]. - The total statutory capital remains at RMB 11.357 billion as of the end of January [1]. Group 2: Issued Shares Information - The total number of issued H-shares (excluding treasury shares) is 2,513,336,041, with no treasury shares [1]. - The total number of issued A-shares (excluding treasury shares) is 8,843,663,959, with no treasury shares [1]. - There were no changes in the number of issued shares for both H-shares and A-shares compared to the previous month [1]. Group 3: Public Holding Compliance - As of January 31, 2026, the public holding of H-shares meets the requirements of the Hong Kong Stock Exchange, with the issued shares (excluding treasury shares) constituting 5% of the total [2]. - There were no changes in shareholding due to options, warrants, convertible bonds, or other agreements during the reporting period [2].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 重慶農村商業銀行股份有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03618 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,513,336,041 | RMB | | 1 RMB | | 2,513,336,041 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 2,513,336,041 | RMB | | 1 RMB | | 2,513,336,041 | II. 已發行股份及/或庫存股份變動及足 ...

Market Overview - The agricultural commercial bank sector experienced a decline of 1.94% on February 2, with the Shanghai Agricultural Commercial Bank leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Key stocks in the agricultural commercial bank sector showed the following closing prices and changes: - Zijin Bank: 2.79, down 0.71% - Jiangyin Bank: 4.53, down 0.88% - Zhangjiagang Bank: 4.53, down 0.88% - Ruifeng Bank: 5.40, down 0.92% - Sunong Bank: 4.97, down 1.00% - Changshu Bank: 7.22, down 1.10% - Yuanxi Bank: 5.81, down 1.53% - Qingnong Bank: 3.08, down 1.91% - Yunnan Agricultural Bank: 6.33, down 2.31% - Shanghai Agricultural Bank: 8.36, down 2.68% [1] Capital Flow Analysis - The agricultural commercial bank sector saw a net inflow of 115 million yuan from main funds, while retail funds experienced a net outflow of 52.86 million yuan [1] - The following table summarizes the capital flow for individual stocks: - Yunnan Agricultural Bank: 92.03 million yuan net inflow from main funds, -11.7 million yuan from retail funds - Shanghai Agricultural Bank: 32.16 million yuan net inflow from main funds, -22.14 million yuan from retail funds - Changshu Bank: 19.96 million yuan net inflow from main funds, -31.03 million yuan from retail funds - Sunong Bank: 5.13 million yuan net inflow from main funds, -14.29 million yuan from retail funds - Qingnong Bank: 3.28 million yuan net inflow from main funds, -18.58 million yuan from retail funds - Jiangyin Bank: -4.47 million yuan net outflow from main funds, -3.44 million yuan from retail funds - Wuxi Bank: -5.97 million yuan net outflow from main funds, 0.13 million yuan from retail funds - Ruifeng Bank: -7.41 million yuan net outflow from main funds, 1.42 million yuan from retail funds - Zhangjiagang Bank: -7.44 million yuan net outflow from main funds, 6.66 million yuan from retail funds - Zijin Bank: -12.72 million yuan net outflow from main funds, 3.51 million yuan from retail funds [2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 重慶農村商業銀行股份有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03618 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,513,336,041 | RMB | | 1 RMB | | 2,513,336,041 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 2,513,336,041 | RMB | | 1 RMB | | 2,513,336,041 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- ...