聚焦服务场景释放新动能 近年来，跨境电商已成为我国对外贸易和全球经贸领域的新亮点。数据显示，2024年我国跨境电商进出 口总额达2.63万亿元，同比增长10.8%。 在第七届进博会上，交行发布"普惠外贸新动能服务方案"，构建涵盖跨境电商等普惠外贸全链条金融服 务体系。企业登录交行网银即可办理协议签约、账户申请、店铺管理、订单匹配、跨境结算和数据申报 等业务，资金安全、回款时效、交易费率等重点难点问题迎刃而解。 据悉，截至目前，交行已落地包括跨境电商在内的共计24个外贸新业态项目，2024年业务量同比增长超 40%。一位从事外贸出口的跨境电商从业人员表示："使用交行跨境电商金融服务后，回款效率提升 了，结算成本降低了，企业获得了不少便利。" 新华财经上海4月7日电（记者王淑娟）今年的《政府工作报告》指出，扩大高水平对外开放，积极稳外 贸稳外资。交通银行切实强化稳外贸金融支持，多措并举打造跨境金融特色，为服务实体经济贡献金融 力量。 在持续提升外贸企业融资效率、降低融资成本的同时，交行还积极探索外汇展业改革，助力跨境电商省 下宝贵的结算时间成本。国家外汇局于2023年12月出台《银行外汇展业管理办法（试行）》，推 ...

交通银行股份有限公司 2025 年第二次临时股东大会 2025 年第一次 A 股类别股东大会 2025 年第一次 H 股类别股东大会 资 料 2025 年 4 月 16 日，中国上海 | 1.股东大会议程 3 | | --- | | 2.交通银行股份有限公司2025年第二次临时股东大会议案 7 | | （1）关于本行符合向特定对象发行A股股票条件的议案 7 | | （2）关于本行向特定对象发行Ａ股股票方案的议案 8 | | （3）关于本行向特定对象发行Ａ股股票预案的议案 13 | | （4）关于本行向特定对象发行Ａ股股票方案的论证分析报告的议案 14 | | （5）关于本行向特定对象发行A股股票募集资金使用的可行性分析报告的议 | | 案 15 | | （6）关于本行向特定对象发行A股股票摊薄即期回报及填补措施和相关主体 | | 承诺事项的议案 16 | | （7）关于本行引入中国烟草总公司、中国双维投资有限公司作为战略投资者 | | 的议案 17 | | （8）关于本行与战略投资者签署《附条件生效的战略合作协议》的议案 18 | | （9）关于本行与财政部签署《附条件生效的股份认购协议》的议案 19 | | ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2][8]. Core Insights - The company achieved a revenue growth of 0.87% year-on-year and a net profit increase of 0.93% for 2024, indicating stable financial performance [6][8]. - Asset quality has shown continuous improvement, with the non-performing loan (NPL) ratio decreasing to 1.31% and the provision coverage ratio rising to 201.94% [6][8]. - The company has effectively managed its funding costs, with a net interest margin that only slightly narrowed by 1 basis point year-on-year [8]. - The fourth quarter of 2024 saw a significant rebound in both revenue and net profit growth compared to the first three quarters of the year [6][8]. Financial Performance Summary - For 2024, the company reported total revenue of 259.83 billion yuan and a net profit attributable to shareholders of 93.59 billion yuan [7]. - The forecast for 2025-2027 indicates revenue growth rates of 2.88%, 4.19%, and 4.98%, respectively, with net profit growth rates of 1.50%, 2.82%, and 3.62% [7][8]. - The earnings per share (EPS) is projected to increase from 1.16 yuan in 2024 to 1.26 yuan by 2027 [7][8]. Asset Quality and Management - The company’s asset scale expanded to over 14.90 trillion yuan by the end of 2024, reflecting a year-on-year growth of 5.98% [6][8]. - The loan balance increased by 7.52% year-on-year, indicating a robust credit growth strategy [6][8]. - The improvement in asset quality is attributed to effective management of personal loans, with significant reductions in the delinquency and NPL rates [6][8]. Dividend Policy - The company declared a cash dividend of 0.379 yuan per share for 2024, representing a 1.07% increase from 2023 [6][13].

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: 2025年3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: 交通銀行股份有限公司 呈交日期: 2025年4月1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) | 03328 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 2. 股份分類 | 普通股 | ...

此乃要件 請即處理 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部份內容而產生或因依賴該等內容 而引致之任何損失承擔任何責任。 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他持牌證券 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之交通銀行股份有限公司的全部股份出售或轉讓，應立即將本通函及隨附的代表委 任表格送交買主或承讓人，或經手買賣或轉讓之銀行、持牌證券商或其他代理，以便轉交予買主或 受讓人。 本通函僅供參考之用，並不構成收購、購買或認購本行任何證券的邀請或要約。 交通銀行股份有限公司 Bank of Communications Co., Ltd. （於中華人民共和國註冊成立之股份有限公司） （股份代號：03328） (1)建議通過特別授權發行A股股票及相關事項 (2)申請清洗豁免 (3)臨時股東大會通告 及 (4)H股類別股東會議通告 獨立財務顧問 本行謹訂於2025年4月16日（星期三）上午九時三十分假座中國上海銀城中路188號交銀金融大廈舉 行臨時股東大 ...

Core Viewpoint - The Ministry of Finance of the People's Republic of China is acquiring additional shares in Bank of Communications, which will increase its ownership stake to over 30%, thus triggering a mandatory tender offer obligation. However, the Ministry has secured an exemption from this obligation by committing to hold the newly acquired shares for three years and obtaining approval from the bank's shareholders [2][21]. Group 1: Acquisition Details - The Ministry of Finance currently holds 17,732,424,445 shares of Bank of Communications, representing 23.88% of the total shares, making it the largest shareholder. Post-acquisition, the Ministry will hold 30,639,434,777 shares, equating to 34.80% of the total shares, thereby becoming the controlling shareholder [9][21]. - The acquisition involves a cash subscription for A-shares at a price of 8.71 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [11][13]. - The total amount to be subscribed by the Ministry is approximately 112.42 billion yuan [13]. Group 2: Regulatory and Approval Process - The transaction has been approved by the board of directors of Bank of Communications and is pending approval from the shareholders' meeting and relevant regulatory authorities [8][7]. - The Ministry of Finance has committed to not transferring the acquired shares for five years, aligning with regulatory requirements to avoid triggering a mandatory tender offer [21][15]. Group 3: Financial and Operational Context - The Ministry of Finance's role includes formulating fiscal policies and managing national financial resources, which underscores its strategic interest in enhancing the capital structure of Bank of Communications [4][6]. - The Ministry has not faced any significant legal or administrative penalties in the past five years, indicating a stable operational background [5][6].

Group 1 - The core proposal involves the issuance of A-shares by Bank of Communications to specific investors, aiming to raise up to RMB 120 billion to supplement the bank's core tier one capital [2][11][19] - The issuance is subject to approval from the bank's shareholders and regulatory authorities, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [2][16] - The issuance price is set at RMB 8.71 per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [3][11][19] Group 2 - The main investors in this issuance include the Ministry of Finance, China Tobacco, and Shuangwei Investment, with the Ministry of Finance expected to subscribe for RMB 112.42 billion worth of shares [3][11][21] - The issuance constitutes a related party transaction, and the bank's independent directors have reviewed and approved the transaction [3][15] - The shares subscribed by the investors will be subject to a five-year lock-up period, during which they cannot be transferred [12][21][29] Group 3 - The issuance is part of the bank's strategy to enhance its capital adequacy in response to increasing regulatory requirements for capital quality and adequacy [9][10][26] - The bank aims to leverage external financing tools to strengthen its capital base, thereby improving its ability to serve the real economy and maintain financial stability [10][26][27] - The collaboration with strategic investors is expected to create synergies that enhance the bank's risk management and credit capacity [27][28][29]

Core Viewpoint - The company plans to issue A-shares to specific investors to raise up to RMB 120 billion, which will be used to supplement its core Tier 1 capital and support future business development [1][5][8]. Group 1: Impact Analysis - The issuance will dilute the immediate returns for existing shareholders, affecting key financial metrics such as earnings per share [2][5]. - The total number of ordinary shares will increase from 74,263 million to 88,040 million post-issuance, impacting the weighted average number of shares [3][4]. - The net profit attributable to ordinary shareholders is projected to remain stable or grow by 3% and 6% in different scenarios, affecting earnings per share accordingly [4][5]. Group 2: Necessity and Reasonableness of the Issuance - The issuance is necessary to meet increasing capital regulatory requirements both domestically and internationally, enhancing the company's ability to absorb losses [6][7]. - The company aims to strengthen its role as a major player in supporting the real economy and maintaining financial stability [6][8]. - The core Tier 1 capital adequacy ratio was 10.24% as of the end of 2024, indicating a need for further capital to meet regulatory standards [6][7]. Group 3: Fund Utilization and Management - The raised funds will be entirely used to bolster the company's core Tier 1 capital, which is crucial for sustainable business development [8][9]. - The company emphasizes the importance of effective fund management to mitigate the dilution of immediate returns for shareholders [10][11]. Group 4: Commitment to Shareholder Returns - The company commits to a stable profit distribution policy, ensuring reasonable returns for shareholders through cash dividends [11][12]. - The board and senior management have made commitments to uphold shareholder interests and ensure the effectiveness of the measures to mitigate return dilution [12].

Core Viewpoint - The announcement details a significant equity change for the Bank of Communications due to a private placement of A-shares, which will result in a change in the company's controlling shareholder status [1][4]. Group 1: Equity Change Overview - The equity change is a result of the company issuing A-shares to specific entities, which will alter the company's capital structure [1]. - The issuance is expected to raise up to RMB 120 billion, with the share price set at RMB 8.71 per share, and a total of 13,777,267,506 shares to be issued, not exceeding 30% of the pre-issue total share capital [2][3]. - The main subscribers for this issuance are the Ministry of Finance, China Tobacco, and Shuangwei Investment, with the Ministry of Finance expected to increase its shareholding to over 30%, thus becoming the controlling shareholder [1][4]. Group 2: Approval and Regulatory Aspects - The issuance plan requires approval from the company's shareholders and relevant regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [2]. - The final completion of the issuance is uncertain and dependent on regulatory approvals, which may affect the timing and conditions of the issuance [2][3].

Core Viewpoint - The Ministry of Finance of the People's Republic of China plans to acquire additional shares in Bank of Communications, increasing its stake to over 30%, thereby becoming the controlling shareholder of the bank [1][3][15]. Group 1: Acquisition Details - The Ministry of Finance will subscribe to the issuance of A-shares by Bank of Communications, with a total investment of approximately RMB 112.42 billion [12]. - The subscription price for the shares is set at RMB 8.71 per share, which is not less than 80% of the average trading price over the previous 20 trading days [9][12]. - Following the acquisition, the Ministry of Finance will hold 30,639,434,777 shares, representing 34.80% of the total share capital of Bank of Communications [3][15]. Group 2: Regulatory Compliance - The acquisition requires approval from the shareholders' meeting of Bank of Communications and must comply with relevant laws and regulations, including obtaining consent from the China Securities Regulatory Commission [2][15]. - The Ministry of Finance has committed to not transferring the newly acquired shares for five years after the issuance [3][14]. Group 3: Financial and Operational Impact - The acquisition aims to enhance the capital adequacy of Bank of Communications, thereby strengthening its financial position [16]. - There are currently no plans to change the main business operations or management structure of Bank of Communications following the acquisition [16][19]. Group 4: Shareholding Structure - Prior to the acquisition, the Ministry of Finance held 17,732,424,445 shares, accounting for 23.88% of the total shares, making it the largest shareholder [15][24]. - The acquisition will trigger the obligation for a mandatory tender offer, but the Ministry of Finance can be exempted from this requirement under specific conditions [2][15]. Group 5: Legal and Compliance Statements - The Ministry of Finance has confirmed that there are no criminal or administrative penalties against it in the last five years, and it has not been involved in significant civil litigation related to economic disputes [6][19]. - The report confirms that all necessary disclosures have been made, and there are no undisclosed significant transactions with Bank of Communications [22][20].