银保渠道“报行合一”再收紧；招行王良：将以10%为ROE管控底线 | 金融早参

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| 2026年3月31日星期二 |　　NO.1 银保渠道“报行合一”再收紧　　近期金融监管总局人身保险监管司下发《关于进一步加强银行代理渠道费用管理有关事项的通知》（以下简称《通知》）。《通知》要求，保险公司报送银行代理渠道产品备案，要按照人身保险产品智能检核系统要求，分别报送向银行支付的佣金、银保专员的薪酬激励、培训及客户服务费、分摊的固定费用等水平。保险公司开展银行代理渠道业务，要按照经备案的...

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Ginseng","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159940":1.5,"03968":1.5,"03143":0.6,"ROE":1.5},"content_text":"| 2026年3月31日星期二 |　　NO.1 银保渠道“报行合一”再收紧　　近期金融监管总局人身保险监管司下发《关于进一步加强银行代理渠道费用管理有关事项的通知》（以下简称《通知》）。《通知》要求，保险公司报送银行代理渠道产品备案，要按照人身保险产品智能检核系统要求，分别报送向银行支付的佣金、银保专员的薪酬激励、培训及客户服务费、分摊的固定费用等水平。保险公司开展银行代理渠道业务，要按照经备案的产品精算报告执行费用政策，发生费用支出应取得真实、合法、有效的凭证。　　点评：在“报行合一”深入实施的背景下，银保渠道正迎来新一轮高速增长期。但快速发展过程中仍存在一些风险点值得高度警惕，如“小账”问题有所抬头。《通知》的发布有利于引导公司提升成本费用精细化管理能力，助推行业整体经营效率与发展质量稳步跃升，促进行业公平竞争、平稳健康发展。　　NO.2 上海清算所支持首批以“玉兰债”模式发行的离岸债券信用衍生品业务落地　　据上海清算所消息，近日，浦发银行、国泰海通证券、中金公司开展全市场首批挂钩以“玉兰债”模式发行的离岸债券信用衍生品交易，上海清算所提供清算服务。　　点评：本次业务落地是信用衍生品支持“玉兰债”业务服务我国债券市场高水平对外开放的首次实践。此举丰富了离岸债券市场的风险管理工具，为境外投资者提供了更精准的对冲手段，提升了“玉兰债”的市场吸引力。　　NO.3 农业银行：2025年净利润人民币2910.41亿元　　农业银行3月30日晚间公告，2025年营业收入人民币7251.31亿元，去年同期为7114.16亿元。全年归属于母公司净利润人民币2910.41亿元，去年同期为2820.83亿元。　　点评：农业银行2025年营收与净利润均实现同比正增长，在当前复杂的宏观经济环境下实属不易。体现了其作为国有大行在服务实体经济、拓展主营业务方面的韧性与定力。　　NO.4 中国银行2025年股东应享税后利润同比增长2.18%　　3月30日，中国银行公布2025年业绩，实现营业收入6598.66亿元，同比增长4.28%；其中净利息收入约4407.05亿元，同比减少1.83%。股东应享税后利润2430.21亿元，同比增长2.18%。　　点评：中国银行在2025年实现了营收与利润的双增长，展现出其综合经营的韧性。净利息收入同比微降的背景下，银行正加速向“轻资本、重服务”的多元化盈利模式转型。　　NO.5 招商银行王良：将以10%为ROE管控底线　　3月30日，招商银行行长王良在该行2025年度业绩发布会上说，将努力提升ROE（净资产收益率）水平，只有能够保持10%以上的ROE，才能给投资者创造一个较好的回报。年报显示，2025年，招商银行的平均总资产收益率、平均净资产收益率分别为1.19%和13.44%，同比分别下降0.09个百分点和1.05个百分点。　　点评：“以10%为ROE管控底线”，表明管理层清醒地认识到，在宏观经济转型和行业竞争加剧的背景下，单纯追求规模扩张的时代已过，未来必须通过提升资本使用效率和精细化运营来守住盈利底线。（文章来源：每日经济新闻）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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