2015 A

Transcription

1 招商銀行股份有限公司 股票代碼 : 年度報告 招商銀行 因您而變

2 2015 A

3 A % % A H AH

4 2015 A / 重大風險提示

5 A China Merchants Bank Co., Ltd FCIS FCS(PE) FHKIoD FTIHK [email protected] A H

6 2015 A A H ( ( ( ( XA

7 A , App 2015

8 2015 A IT

9 A IT

10 2015 A Asia Money The Asian Banker The Asian Banker The Asset

11 A The Banker 20151, (Tier1Capital) , CFO ,

12 2015 A (%) , , ,604 74,248 72, ,911 75,079 73, ,425 58,018 56, ,742 57,696 55, ,743 57,045 55, , , , , (%)

13 A (%) ,474,978 4,731, ,016,399 2,824,286 2,513, ,197,094 2,776,876 2,486, ,178,762 47,410 27, ,332 84,842 65, ,764 5,113,220 4,416, ,750,443 3,571,698 3,304, ,775,276 1,167, , ,224 1,194,064 1,237,765 (3.53) 942, , , , , ,191 (16.31) 420, , , , , , , , , ,393 3,499,231 3,146, ,744, ,747 53,388 52,089 45,247 17,220 15,756 15,524 9,196 17,148 15,640 15,405 8,852 28, ,501 (145,215) 224, (1)

14 2015 A (%) (%) (%) (4) (1) (2) (3) (1) (2) (3) = (4) (%) (1) (2) (1) = (2) = (%) % 10.83%

15 A 2.3 (%) (%) = 100% = 100% = 100% = 100%

16 2015 A % (ROAE) (ROAA)17.09% 1.13% 2015

17

18 2015 A ,

19 A

20 2015 A , % 35, % 28, % %17.09% % % %3.00% %27.67% % % 7.16

21

22 2015 A APP E Apple Pay A

23

24 2015 A , % % % (ROAA) (ROAE) 1.13% 17.09% , % 28, %51, % 35, % % % 54.47

25 A , ,202 53,419 39,494 11,323 9,167 (55,741) (50,656) (11,929) (10,425) (287) (332) (59,266) (31,681) ,079 73,431 (17,061) (17,382) 58,018 56,049 57,696 55, % 22.72% , ,527 13,925 2,156 (5,085) (1,504) (27,585) ,079

26 2015 A , %67.87% 32.13% (%) 2014 (%) 2013 (%) (%) 159, , , , , , ,

27 A , % % % 2,691, , ,400, , ,174,151 48, ,418 37, ,403 8, ,026 8, ,585 18, ,612 31, ,968, , ,440, , % % 3,350,298 60, ,056,634 64, ,050,196 29, ,520 42, ,336 7, ,385 3, ,612 1, , ,602,442 97, ,113, , , , %2.13% % 2.59%

28 2015 A ,358 (8,402) 8,956 12,348 (1,922) 10, (338) 280 (3,801) (9,175) (12,976) 26,523 (19,837) 6,686 5,516 (9,170) (3,654) 2,519 (15,849) (13,330) 3,294 (65) 3, (4) ,247 (25,088) (12,841) 14,276 5,251 19,527

29 A % % 2,709,322 40, ,821,656 38, ,293,552 12, ,259,927 12, ,596 2, ,060 2, ,153 3, ,144 4, ,157,623 58, ,092,787 57, % % 3,473,271 14, ,400,699 13, ,150,982 6, ,010,954 6, ,120 1, ,183 2, , , ,806,177 23, ,688,513 22, ,055 35, % 64.50% 1.88% % 7

30 2015 A , % 20151, % % % 1,483,592 76, ,448,378 82, ,087,562 78, ,497 63, ,304 4, ,772 5, ,691, , ,400, , , %11, % % 4.10% % 3.62%1.52

31 A % % % % 1,027,006 6, ,524 6, ,211,447 39, ,169,137 41, ,238,453 46, ,033,661 47, ,460 2, ,039 2, ,385 11, ,934 13, ,111,845 14, ,022,973 16, ,350,298 60, ,056,634 64, % %

32 2015 A % %41.14% %24.94% %23.11% %10.81% ,798 43,341 (4,379) (3,847) 53,419 39,494 11,323 9,167 64,742 48, % ,798 43,341 9,562 7,692 3,799 4,116 13,681 7,017 4,215 4,204 18,644 13,033 7,897 7,279 (4,379) (3,847) 53,419 39, %POS % % %

33 A % % % % (438) 1, ,839 1,541 (8) (51) 611 (145) ,549 4,240 2,398 2, (16) ,323 9,167

34 2015 A %27.67% % % % 14.72% % ,394 29,179 3,496 2,944 3,842 3,349 17,009 15,184 55,741 50, % ,507 31,254 1, ,266 31, %

35 A , % % % 2,824, ,513, (84,842) (1.55) (65,165) (1.38) 2,739, ,448, ,440, , , , , , , , , , , , , , , , , , , , , , ,474, ,731,

36 2015 A , % 51.59% % % 1,507, ,467, , , ,226, , ,824, ,513, , %53.39% % , %43.43% 4.79

37 A % % 50, , , , , , , , , , , , , , ,440, , % ,543 5,351 9,622 6,165 5,860 6,458 17,784 15,048 50,809 33,022

38 2015 A ,874 3, ,439 2,133 8,272 7, , % 2015 MLF PSL ,429 77, ,822 91,223 66,235 34,190 66,728 73,828 2,906 2,215 1, , ,137 (667) (611) 299, ,526

39 A , % , , , ,197 14,214 9,410 2,100 6, , ,505 (95) (71) 353, , , % ,154 21,229 20,389 21,335 78, , ,702 86,836 58,615 40,450 48,198 56, ,351 24, ,858 45, , ,820 (1,017) (68) 716, ,752

40 2015 A , , , , (%) , , , , , , (%) 173, , ,

41 A (%) USY39656AA40 50,000 53, ,332 XS ,000 34, HK 4,830 1,003, , XS ,000 25, WLGF II 127, , , V Visa Inc 2, ,444 15, HK 46,932 15,182,000 52, HK 32,323 10,000,000 31, MA Master Card 38,400 3, HK 24, ,500 27, , , ,478 2,500 2, %13.48%15.22% 25.13% % 10 50% ,732 1, ,786 1,484 2,786 1,484

42 2015 A 41 (%) (1) 32,081, ,028,792 30,313,858 2,404,037 3,214, , ,000,000, , , ,146 6,000, ,000,000 1,549,897 1,723, , ,500, , , , , ,000,000 1,391, , ,658 1,000, ,000,000, ,000 (5,000) 306, ,000, , , , ,000, ,000 5,500 8, ,400 1, , ,800, ,700 20, ,000,000 71,149 21,474 (23) 2, ,000 8, , ,000, ,062 6,389 30,007 21, ,000,000 82,851 5,025 15, ,000 3,875 1,222 (78) I-Tech Solutions Limited 3, ,000,000 2, , , ,000 11,254 6, ,000 6, (g) ,195, (538) 360, (629) 1,141,846 9,332 (7,035) 1,020,501 8,879 (9,615) (2) 1, (2) 2,337,686 10,176 (7,575) 1,382,085 9,315 (10,246)

43 A , % % % 3,571, ,304, , , , , , , , , , , , , , , , , , , , , , , ,113, ,416,

44 2015 A , % 69.85% % % 1,167, , ,194, ,237, ,361, ,211, , , , , ,210, ,093, ,571, ,304, % % % ,220 25,220 67,523 67,523 6, ,009 28,690 64,679 53, , , , , , ,060

45 A % 6.79% % % % , %1.68% % % % % 2,703, ,439, , , , , , , , , ,824, ,513, , , % % %0.75

46 2015 A % % (1) % % (1) 1,507, , ,467, , , , , , , , , , , , , , (2) 148, , , , (3) 89, , ,226, , , , , , , , , , , , , , , (4) 103, , , ,824, , ,513, , (1) (2) (3) (4) % 1.07% %0.89

47 A % % (1) % % (1) 1,507, , ,467, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , (2) 132, , , , , ,226, , , , ,824, , ,513, , (1) (2) %

48 2015 A % % (1) % % (1) 381, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,824, , ,513, , (1) % % % (1) % % (1) 671, , , , , , , , ,241, , ,059, , , , , , , , ,824, , ,513, , (1)

49 A % % A 8, B 6, C 5, D 4, E 4, F 4, G 3, H 3, I 3, J 3, , % %1.72% % % 3 35, , , , , , , , ,824, ,513, % %33.36%20.47%

50 2015 A % % 4, , % ,165 48,764 59,486 32,895 (1,979) (1,641) (1,137) (655) 1, (38,383) (14,917) ,842 65, % % 0.41

51 A %10.83% (%) (1) , , , , , , (2) 3,009,265 2,748, ,657,383 2,471, ,972 22, , , ,208,152 2,893, % 10.44% % 10.44% % 12.38% 0.19 (3) 9. 6,275, % 4.96% % 90%80% % 5.26% 5.51%

52 2015 A %10.38% (%) , , , , , , ,765,712 2,546, ,436,307 2,285, ,699 19, , , ,966,543 2,687, % 10.00% % 10.00% % 11.93% % % (%) (1) , , , , , , ,499,231 3,146, % 9.60% % 9.60% % 11.74%

53 A % % (%) , , , , , , ,261,357 2,946, % 9.12% % 9.12% % 11.27% , ,858 1,577,865 1,577,865 1,443,562 1,443, , , , , , ,110 2,426,490 2,722, , ,857 7,350 8,927

54 2015 A % (%) (%) 12, , , , , , , (2,671) (3.64) 75, , % 46.34% %

55 A (%) (%) (%) 2,105, ,808, , , , , , , , , , , , , , , , , , , , , , , , , ,474, ,113, , (%) (%) (%) 1,863, ,629, , , , , , , , , , , , , , , , , , , , , , , , , , ,731, ,416, ,

56 2015 A , , , ,811 8,765 11,668 48,175 46,768 13,075 4,201 26,662 27,769 3,094 23, , ,348 24, ,934 3, , , % 2, , , % 1, , %2015 1, %

57 A

58 2015 A %65.60% %15.96% (RMBS)RQFII % RMBS 1, % 30.92% % % % % % % % % % %9.44% %10.38% (RAROC) 21.15%

59 A % %91 4, % % 59.04%95.50% % 50.47% %46.44% 2.93 (RAROC) 80.4% % % , , ,300 3,527 72, ,073.84

60 2015 A PPP % (FTP)

61 A % % % % , , % %0.35 2, , % % % %

62 2015 A % 10% 12% %

63 A , %2, % 0.80% 0.804, % , , [2014] % % %5.64 [2014] % ,272 2,0541, VISA VISA-Checkout HCE Apple Pay O2O E E+ E 1,00024

64 2015 A %

65 A %9% 2016

66 2015 A % %50.47% %46.44% %70.09% %29.91%44.93% % %66.04% , % % (AUM)47, % 6,350 37, %78.52% 11, % % 9, % , %POS9, % 2015 (AUM)

67 A ,8066,057 1,054 2, %66.04% % % % % ,000 49, %12, % % ,9173, , % , %4, % 3, % % % %

68 2015 A ,000 + Visa Checkout , % 46.71% % % %60.04% , %40.62% 723, % 25.55% % % % PAD

69 A % %38.80% %78.30% %21.70% 27.23% % % , % 50.09%4, % % % %1, % % %1, % %0.61

70 2015 A , % 47.55%4, % 1, % 1.64%47IPOIPO % 3.20% , % 21, % 50.11% % , %C C+ (CBS)CBS C , % 264% %

71 A BPO % 2, %5, % , % 8, % 3.53%0.14 1, % 4.48% , % % % % % 2, % % 25.83% % , % WIND % % % %

72 2015 A % 33.34% % 13.78% % % , % % 1, % 1, % % %337, % 22, % , %18, % 9, %52.82% ,

73 A 2015 (QDIE) QDIE MOM , % %11, % QDIE 5 7, % % , % %12,6081,261.56%28, %

74 2015 A , ,20212,495 2,197 10,298 2, , , , % % % % % % 4.0 APP , , %2.89 PC 6.27% % % % % %

75 A C , % 12, % % % % % 99.27% , , %

76 2015 A , % , % %1.61% % % % , % % 1, %1, %64.42% %13.54% 11.64%41.72% ( 2015

77 A , % % % % % % % % % 272 8, % % WTO 50% , % % % %

78 2015 A

79 A (1)

80 2015 A VaR 2015 (2) 2015NII NII NII FTP NII45

81 A IMFSDR (1) (VaR (2) 2015

82 2015 A MLF %

83 A FTP

84 2015 A % % AH AH (%) ,636 51, ,897 55, ,402 57, (1) (2) 30% (3) (4)

85 A (5) H (6) (7) ,

86 2015 A

87 A % 5%

88 2015 A ) XV (%) (%) A 65,

89 A A H ( 8 22A

90 2015 A % 0.42% (%) 3, , % % 0.5%

91 A 5% 5% (%) % 0.5% (%) 3, A %45%

92 2015 A % , %29.97% 50.86% (1) (2) (3) % , %10.72% (1) (2) (3) % ,684

93 A (1) (2) (3) (4) A ,314 5,249, , ,500

94 2015 A [2003] , %

95 A H H , AH

96 2015 A

97 96 招商銀行股份有限公司年度報告 2015(A 股 ) 第七章股份變動及股東情況 股份變動及股東情況 7.1 報告 公司股份變動情況 年 (%) ( 股 ) (%) 有限 股份 限 股份 25,219,845, ,219,845, A 20,628,944, ,628,944, H 4,590,901, ,590,901, 股份 25,219,845, ,219,845, ,723 H 37,967A228, ,614 H 37,910 A242,

98 2015 A (%) 1 (1) 4,538,723, H 5,615, ,289,470, A 127,046, ,704,596, A 4 1,574,729, A 5 1,258,542, A 510,952, ,013, A 290,877, ,853, A 657,356, ,450, A 27,801, ,434, A 454,267, ,164, A (1) H (2) % (3)

99 A (%) (%) A 6,752,746, H 806,680, A 3,289,470,337 58,147, ,347,617, H 806,680, A 923,853,653 2,426,079, ,349,932, Best Winner Investment Limited A 58,147, H 328,776, A 1,258,542, ,013, ,202,555, A 2,704,596, A 1,574,729, JPMorgan Chase & Co. H 122,104, ,006, ,743, ,854, ,962,

100 2015 A 99 (%) (%) H 477,903, H 477,903, H 477,903, Verise Holdings Company Limited H 477,903, China Merchants Union (BVI) Limited H 477,903, BlackRock, Inc. H 269,818, ,696, * (1) 6,752,746,952 A 806,680,423 H (1.1) 3,289,470,337 A (1.2) 923,853,653 A (1.1) 90% 10% (1.3) Best Winner Investment Limited 58,147,140 A328,776,923 HBest Winner Investment Limited (1.4) 1,258,542,349 A (1.2)51% 49% (1.5) 944,013,171 A (1.2)(1.3)50% (1.6) China Merchants Union (BVI) Limited 477,903,500 HChina Merchants Union (BVI) Limited 50% (1.1) 10.55% 89.45% (1.7) ,523,762 A 1 2(1.2) (1.8) 55,196,540 A 27.59% (2) JPMorgan Chase & Co. 503,854,268 H 44,962,101 H JPMorgan Chase & Co. (2.1) China International Fund Management Co Ltd. 6,570,000 HChina International Fund Management Co Ltd. 49%JPMorgan Asset Management (UK) LimitedJPMorgan Asset Management (UK) Limited JPMorgan Chase & Co.

101 A JPMorgan Chase & Co. 139,743,375H35,996,897 H 44,962,101 H 5,080,620 H6,686,000 H 2,597,000 H 2,728,000 H5,135,452 H 28,188,277 H30,543,649 H (3) China Merchants Union (BVI) Limited 477,903,500 H (3.1) China Merchants Union (BVI) Limited477,903,500 HVerise Holdings Company LimitedChina Merchants Union (BVI) Limited 50% China Merchants Union (BVI) Limited477,903,500 H (3.2) Verise Holdings Company Limited Verise Holdings Company Limited 477,903,500 H (3.3) (3)90% 477,903,500 H (3.4) (3) (3.1) (3.3)477,903,500 H (4) BlackRock, Inc. 269,818,362 H 1,696,500 H128,500 HBlackRock, Inc. (4.1) BR Jersey International Holdings L.P. BlackRock, Inc.86%BR Jersey International Holdings L.P. (4.1.1) BlackRock Japan Co., Ltd.BR Jersey International Holdings L.P.5,342,500 H (4.1.2) BlackRock Asset Management Canada Limited 504,500 HBlackRock Asset Management Canada Limited BR Jersey International Holdings L.P.99.9% (4.1.3) BlackRock Investment Management (Australia) LimitedBR Jersey International Holdings L.P. 574,000 H (4.1.4) BlackRock Asset Management North Asia LimitedBR Jersey International Holdings L.P. 2,246,124 H (4.2) BlackRock Group Limited BR Jersey International Holdings L.P.(4.1)90%BlackRock Group Limited (4.2.1) BlackRock (Netherlands) B.V. 2,778,309 H (4.2.2) BlackRock Advisors (UK) Limited 45,693,283 H (4.2.3) BlackRock International Limited 1,540,498 H (4.2.4) BlackRock Asset Management Ireland Limited 29,046,784 H (4.2.5) BLACKROCK (Luxembourg) S.A. 539,792 H (4.2.6) BlackRock Investment Management (UK) Limited 10,693,693 H (4.2.7) BlackRock Asset Management Deutschland AG 229,231 H (4.2.8) BlackRock Fund Managers Limited 1,969,711 H (4.2.9) BlackRock Life Limited 88,000 H (4.2.10) BlackRock Asset Management (Schweiz) AG 22,000 H

102 2015 A (1) (2) 100% % 100% 89.45% 100% 10% 90% 49% 27.59% 51% 100% 50% China Merchants Union (BVI) Limited 100% Best Winner Investment Limited 50% 4.55% 50% 1.89% 1.53% 13.04% 3.74% 4.99% 0.22% 4.55%0.89% % A26.78%H3.20% Best Winner Investment Ltd

103 A (3) [2015] ,207, % 7,581,635, % % 10.72% %

104 2015 A %

105 A ,800 65,

106 2015 A

107 A

108 2015 A Hutchison Port Holdings Trust

109 A

110 2015 A FINAFRICA (CEO)

111 A

112 2015 A Hutchison Port Holdings Trust

113 A

114 2015 A

115 A EMBA

116 2015 A H 8.8 H A2015 H2015A H HH

117 A ,192439

118 2015 A % ,777 1,880, , , , , , , , , , ,145 66, , , , , ,486

119 A , , ,943 66, ,610 97, ,764 81, , , , , , , ,087 62, , , , ,102 59, ,592 56, ,251 55, , , , , ,279 80, ,431 48, ,078 39, ,124 54, ,663 C ,071

120 2015 A ,486 55, , ,735 64, ,490 74, , ,209 71, , , , , , , Madison Avenue, Suite 306, NewYork, U.S.A 535 Madison Avenue 18th Floor, ,253 NewYork, U.S.A One Raffles Place, Tower 2, #32-61, ,407 Singapore 39 Cornhill EC3V 3ND, London, UK th floor, 4rue Jean Monnet, Luxembourg L ,717 76,192 5,208,037

121 2015 A

122 2015 A

123 A ARC (LACP) A 2015H A2015H

124 2015 A

125 A %

126 2015 A (1) 14/14 3/3 1/1 1/2 12/14 3/3 0/2 13/14 3/3 0/2 13/14 5/6 0/2 14/14 8/8 9/9 2/2 10/12 3/3 4/4 1/1 14/14 9/9 7/7 2/2 14/14 2/2 2/2 8/8 2/2 14/14 3/3 8/8 1/2 14/14 3/3 1/1 2/2 8/8 1/1 4/4 1/1 13/14 2/2 2/2 5/3 1/1 7/7 2/2 13/14 1/1 5/6 8/8 1/1 2/2 13/14 6/6 9/9 1/1 2/2 14/14 1/1 9/9 7/7 2/2 12/14 1/1 5/6 2/2 1/2 14/14 9/9 7/7 2/2 14/14 8/8 2/2 7/7 2/

127 A

128 2015 A

129 A H 2015H2014

130 2015 A

131 A

132 2015 A

133 A

134 2015 A

135 A

136 2015 A IR ,800

137 A ARC (LACP) % 10% 10 5

138 2015 A 137 3% 102 1% 10% 10% E A2015H

139 A

140 2015 A

141 A

142 2015 A

143 A (1) (2)

144 2015 A

145 144 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 合併資產負債表 2015 年 12 月 31 日 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 資產 14,381 14,793 16,099 15, , , ,779 55, , , , , ,739,444 2,448, ,934 23,560 以 11 59,081 40,190 53(g) 10,176 9, , , ,786 1, , , , , ,813 26, ,708 1, ,595 3, ,954 9, ,020 10, ,870 15,032 資產合 5,474,978 4,731,829 負債 62,600 20, , , ,771 94, ,652 66, ,571,698 3,304, ,073 45,349 以 28 20,227 13,369 53(g) 7,575 10, , ,155 30(a) 6,524 6, ,820 11, ,345 39,678 負債合 5,113,220 4,416, 註

146 2015 A ,220 25, ,523 67, , ,009 28, ,679 53,979 38(c) 163, ,562 38(b) 17,402 16, , , , ,060 5,474,978 4,731,

147 146 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 資產負債表 2015 年 12 月 31 日 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 資產 13,783 14,290 16,099 15, , , ,927 47, , , , , ,506,618 2,222, ,648 22,411 以 11 54,960 37,218 53(g) 9,607 8, , , ,055 40, , , , , ,095 22, ,596 2, ,626 9, ,384 9,353 資產 5,208,037 4,491,115 負債 62,600 20, , , ,659 40, ,285 66, ,421,403 3,158, ,559 43,873 以 28 19,786 12,929 53(g) 7,084 9, ,854 84,559 30(a) 5,363 5, ,100 11, ,441 27,843 負債 4,855,996 4,179, 註

148 2015 A ,220 25, ,681 76, ,010 1, ,009 28, ,928 53,208 38(c) 146, ,940 38(b) 17,402 16, , ,251 5,208,037 4,491,

149 148 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 合併利潤表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 () , , (97,993) (110,834) 利 136, , ,798 43,341 (4,379) (3,847) 53,419 39, , ,127 5, ,398 2, ,323 9, , , (11,929) (10,425) 45 (55,741) (50,656) (287) (332) 46 (59,266) (31,681) 合 (127,223) (93,094) 利潤 74,248 72,769 外 外 (139) (148) 註

150 2015 A ,079 73, (17,061) (17,382) 58,018 56,049 57,696 55, ,018 56,049 (53) ,222 7, ,603 8, ,605 8,665 63,623 64,714 63,299 64,

151 150 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 利潤表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 () , , (92,906) (105,031) 利 132, , ,425 39,966 (4,154) (3,666) 49,271 36, , ,904 5, ,769 2,177 10,006 8, , , (11,610) (10,185) 45 (52,377) (48,166) 46 (59,108) (31,180) (123,095) (89,531) 利潤 68,644 67,915 外 外 (136) (148) 利潤 68,937 68, (15,748) (16,228) 53,189 51, 註

152 2015 A ,189 51, ,069 7, (2) ,498 8,116 57,687 59,

153 152 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 合併現金流量表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 現金流量 267, ,162 14, ,266 42,600 20, ,832 38, ,393 24, , ,977 27,140 8,501 現金流 962, ,815 (347,286) (331,091) (116,705) (59,267) (101,447) (97,185) 以 (26,638) (29,330) (22,811) (19,750) 除 外 (11,954) (11,702) (52,047) (59,612) 現金流 (562,183) (724,642) 54(a) 400, ,173 現金流量 451, ,100 51,407 39, ,297 現金流 503, ,074 (9,079) (8,125) (865,591) (787,928) (874,670) (796,053) (371,603) (175,979) 註

154 2015 A ,105 29, ,395 3,046 5, ,867 24, ,301 74,087 (28,812) (31,790) (143,500) (3,000) (16,925) (15,656) (3,096) (1,724) (83) (38) (192,416) (52,208) 124,885 21,879 10,670 3,449 54(c) 164, , , ,949 54(b) 635, ,

155 154 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 現金流量表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 註 2015 年 2014 現金流量 262, ,865 2, ,402 42,600 20, ,810 37, ,789 3,415 3,230 2, , ,412 26,914 5,133 現金流 937, ,234 (340,635) (290,555) (115,555) (59,471) (96,630) (92,243) 以 (25,313) (28,220) (21,674) (18,474) 除 外 (11,844) (11,600) (50,961) (53,754) 現金流 (547,057) (669,872) 54(a) 390, ,362 現金流量 432, ,376 50,954 39, ,261 現金流 483, ,828 (4,879) (7,947) (843,244) (773,806) (3,080) (1,000) (1,612) (849,123) (786,445) (365,390) (177,617) 註

156 2015 A ,473 7,876 3,046 17, ,867 25, ,386 50,547 (8,150) (11,636) (143,500) (3,000) (16,897) (15,636) (2,686) (1,632) (171,233) (31,904) 131,153 18,643 10,653 3,427 54(c) 166, , , ,467 54(b) 616, ,

157 156 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 合併股東權益變動表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 行股東權益 2015 年 註股 公 合 益 公 股東權益 合 ,220 67, ,690 53, ,562 16, , ,060 5,656 5,319 10,700 24, , ,698 ( ) 5,656 57,643 63, ,623 ( ) (83) (83) ( ) ,319 (5,319) ,700 (10,700) (a) (16,897) (16,897) (16,897) (28) (16,925) (b) 17, ,220 67,523 6,086 34,009 64, ,289 17, , , 註

158 2015 A ,220 67,523 (8,234) 23,502 46, ,107 15, , ,956 8,664 5,188 7,632 27,455 1,261 48, ,104 8,664 55,911 64, , (38) (38) ,188 (5,188) ,632 (7,632) (a) (15,636) (15,636) (15,636) (20) (15,656) (b) 16, ,220 67, ,690 53, ,562 16, , ,

159 158 招商銀行股份有限公司年度報告 2015(A 股 ) 第十二章財務報告 股東權益變動表截至 2015 年 12 月 31 日止年度 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 2015 年 註股 公 益 公 ,220 76,681 1,512 28,690 53, ,940 16, ,251 4,498 5,319 10,720 20, ,790 ( ) 4,498 53,189 57,687 ( ) ,319 (5,319) ,720 (10,720) (a) (16,897) (16,897) (16,897) (b) 17, ,220 76,681 6,010 34,009 63, ,193 17, , 註 ,220 76,681 (6,604) 23,502 45, ,333 15, ,894 8,116 5,188 7,446 23,607 1,261 44,357 ( ) 8,116 51,877 59,993 ( ) ,188 (5,188) ,446 (7,446) (a) (15,636) (15,636) (15,636) (b) 16, ,220 76,681 1,512 28,690 53, ,940 16, , ( 公司 章 ) 人 ( ) ( ) ( ) ( ) 註

160 2015 A A H 47 2

161 A 3 a 15 b c i 3 p 12

162 2015 A c ii d 3 g 3 g

163 A 3 e 3 f f g i

164 2015 A g i

165 A 3 g i 3 u i 3 t ii iii

166 2015 A g iv 80% 125%

167 A 3 g v

168 2015 A g v vi h

169 A 3 i i ii 3 q ii 3 c ii 3 i iii 3 i iii

170 2015 A i ii 3 q ii iii

171 A 3 j 20 3% 4.85% 3 0% 33% 3-5 0%-3% 20%-33% 0% 5%-20% 3 q ii k 3 q ii (203% 4.85%

172 2015 A l i ii 3 q i iii m 3 k 3 j 3 q ii n

173 A 3 o p 3 q ii ( q ii q i

174 2015 A q i

175 A 3 q i ii

176 2015 A q ii r

177 A 3 r s t i a b 3 q ii ii

178 2015 A t ii u i ii iii iv

179 A 3 v i ii

180 2015 A w i ii iii iv v H Black-Scholes

181 A 3 x 51.5% y z aa ab

182 2015 A ac i ii iii

183 A 3 ac iv v vi 30 b vii viii

184 2015 A a 5% b 7% c 3%-5% d i ii iii 25%25% 16.5%16.5% ) 464, , , ,339 2) 103, ,145 78, ,564 1,472 1,758 1,472 1, , , , , % 5.0%17.5% 5.0%

185 A 6 a ,387 36,659 21,179 27, ,322 37,081 22,084 28,282 32,570 18,971 33,969 18, ,905 56,060 56,053 47,089 (123) (71) (123) (71) (3) (3) (3) (3) (126) (74) (126) (74) 63,779 55,986 55,927 47,015 b

186 2015 A a ,458 57,358 61,783 49,669 47,067 32,965 73,190 62, ,525 90, , ,260 72,219 33,808 67,612 25, , , , ,894 (51) (46) (51) (46) 185, , , ,848 b ,415 87, ,336 83, ,449 30,226 66,694 44, ,829 6,839 3,504 9, , , , ,848 c

187 A 8 a , , , , , , , , , , , ,955 (200) (200) 343, , , ,955 b , , , , , ,135 42, , ,560 36,099 3,560 36, , , , ,955

188 2015 A c , , , , ,729 97, ,729 96,353 10,693 63,484 10,693 63,484 11,381 45,492 11,381 45,492 4,640 1,180 3,650 1, , , , ,955 d

189 A 9 a ,507,770 1,467,585 1,296,974 1,263,567 82,683 66,353 75,873 61,606 7,132 8,654 6,943 5,106 89,815 75,007 82,816 66, , , , , , , , , , , , , ,225 83,448 96,300 78,656 1,226, ,327 1,209, ,276 2,824,286 2,513,919 2,589,314 2,285,555 (14,624) (9,577) (14,442) (9,446) (70,218) (55,588) (68,254) (53,721) (84,842) (65,165) (82,696) (63,167) 2,739,444 2,448,754 2,506,618 2,222,388

190 2015 A b i % % 332, , , , , , , , , , , , , , , , , , , , , , ,507, ,467, , , , , , , , , , , ,226, , ,824, ,513, (14,624) (9,577) (70,218) (55,588) (84,842) (65,165) 2,739,444 2,448,754

191 A 9 b i % % 310, , , , , , , , , , , , , , , , , , , , , , ,296, ,263, , , , , , , , , , , ,209, , ,589, ,285, (14,442) (9,446) (68,254) (53,721) (82,696) (63,167) 2,506,618 2,222,388

192 2015 A b ii % % 381, , , , , , , , , , , , , , , , , , ,824, ,513, (14,624) (9,577) (70,218) (55,588) (84,842) (65,165) 2,739,444 2,448,754

193 A 9 b ii % % 381, , , , , , , , , , , , , , , , ,589, ,285, (14,442) (9,446) (68,254) (53,721) (82,696) (63,167) 2,506,618 2,222,388

194 2015 A b iii , , , , , , , ,437 1,241,633 1,059,962 1,104, , , , , ,800 2,734,471 2,438,912 2,506,498 2,218,843 89,815 75,007 82,816 66,712 2,824,286 2,513,919 2,589,314 2,285,555 (14,624) (9,577) (14,442) (9,446) (70,218) (55,588) (68,254) (53,721) (84,842) (65,165) (82,696) (63,167) 2,739,444 2,448,754 2,506,618 2,222,388

195 A 9 b iv ,152 6,310 1, ,451 9,662 12,069 5, ,812 13,858 11,447 4, ,246 3,724 2, ,859 35,396 32,247 11, , ,509 1, ,364 7,867 7,405 1, ,311 13,181 9,478 1, , ,944 27,480 19,542 4, ,704

196 2015 A b iv ,829 6,307 1, ,123 9,657 12,066 5, ,802 12,735 10,569 3, ,628 3,619 2, ,755 33,840 31,363 11, , ,461 1, ,295 7,846 7,399 1, ,284 12,045 8,677 1, , ,932 26,263 18,734 4, , ,578 13,144 12,298 11,277 3, , ,927 13,984 15,544 12,105

197 A 9 c ,855 4,733 9,577 65,165 46) 12,194 11,603 35,689 59,486 (813) (1) (1,165) (1,979) (9,154) (29,229) (38,383) (1,137) (1,137) , ,412 7,806 14,624 84, ,534 3,228 7,002 48,764 46) 12,287 5,732 14,876 32,895 (22) (1) (1,618) (1,641) (4,456) (10,461) (14,917) (1) (654) (655) ,855 4,733 9,577 65,165

198 2015 A c ,989 4,732 9,446 63,167 46) 11,314 11,599 35,552 58,465 (1,117) (1,117) (9,149) (29,186) (38,335) (1,136) (1,136) , ,449 7,805 14,442 82, ,073 3,228 6,921 47,222 46) 11,865 5,727 14,803 32,395 (1,602) (1,602) (4,452) (10,452) (14,904) (653) (653) ,989 4,732 9,446 63,167

199 A 9 d , , ,691,149 13,070 34,315 2,738, ,479 2,776,890 13,070 34,326 2,824, ,486 (310) (4) (314) (62,102) (7,806) (14,620) (84,528) (62,412) (7,806) (14,624) (84,842) 85, ,438 2,629,047 5,264 19,695 2,654,006 2,714,478 5,264 19,702 2,739,444

200 2015 A d , , ,413,844 7,408 20,483 2,441, ,743 2,486,027 7,408 20,484 2,513, ,743 (87) (1) (88) (50,768) (4,733) (9,576) (65,077) (50,855) (4,733) (9,577) (65,165) 72,096 72,096 2,363,076 2,675 10,907 2,376,658 2,435,172 2,675 10,907 2,448,754

201 A 9 d , , ,507,532 13,032 33,655 2,554, ,976 2,542,616 13,032 33,666 2,589, ,983 (263) (4) (267) (60,186) (7,805) (14,438) (82,429) (60,449) (7,805) (14,442) (82,696) 34, ,828 2,447,346 5,227 19,217 2,471,790 2,482,167 5,227 19,224 2,506,618

202 2015 A d , , ,232,766 7,404 20,060 2,260, ,425 2,258,090 7,404 20,061 2,285, ,425 (55) (1) (56) (48,934) (4,732) (9,445) (63,111) (48,989) (4,732) (9,446) (63,167) 25,269 25,269 2,183,832 2,672 10,615 2,197,119 2,209,101 2,672 10,615 2,222, ,075 11,668 12,872 11,449 8,765 7,691 8,013 7,437 3,094 4,201 2,763 3,525 24,934 23,560 23,648 22,411

203 A a 50,809 33,022 49,980 32,146 b 8,272 7,168 4,980 5,072 59,081 40,190 54,960 37,218 a ,543 5,351 17,543 5,351 9,622 6,165 9,622 6,165 4,513 5,358 4,513 5,358 13,472 12,744 13,470 12, ,347 1,100 1,347 1,100 2,535 1,580 2,458 1, ,777 33,010 48,953 32, , , ,809 33,022 49,980 32,146

204 2015 A b ,874 3,970 3,874 3, ,536 1, ,200 6,324 4,784 4, , ,272 7,168 4,980 5,072 c ,847 5,651 17,847 5,650 21,784 18,018 20,563 16,777 19,450 16,521 16,550 14,791 59,081 40,190 54,960 37,218

205 A ,381 77,265 94,381 77, ,726 90,921 65,987 88,703 37,742 20,454 36,812 17,922 49,238 61,294 48,454 60, ,912 3,468 2,999 1,931 8,246 3,945 3,110 2,720 1,273 1, , , , ,623 (239) (169) (206) (169) 263, , , ,454

206 2015 A ,602 3,393 12,602 3,393 1,214 2,376 1,214 2,376 1, ,096 2,096 9,979 6,875 4,325 1,637 8,030 6,213 4,361 5, ,267 20,170 25,094 13,829 (428) (442) (358) (341) 35,839 19,728 24,736 13, , , , , ,761 83,346 97,977 82, , , , ,764 60,902 69,269 54,269 66, , , , ,942

207 A , , ,035 2, , ,559 1,041 7, ,191 (84) (565) (18) (667) (2) (2)

208 2015 A , , ,619 2, , , , ,518 (82) (511) (18) (611) (1) (2) (3) (1) (2) (3) (14) (14) (1)

209 A , ,790 1, , , ,131 7,620 (564) (564)

210 2015 A , , , , ,746 2,195 (510) (510)

211 A a 42,432 41,432 b 2,732 1,465 1,391 1,223 c ,786 1,484 43,823 42,655 (1,768) (1,768) 2,786 1,484 42,055 40,887 a ,082 32,082 2,612 1,612 6,000 6, ,432 41,432 (1,768) (1,768) 40,664 39, ,000

212 2015 A a i 1, % ii 6, % iii 1, % iv % i [1998] , ii iii iv [2008]110 2,000 6,000 63,567,567.57ING Asset Management B.V.21.6%33.4%55.0%

213 A 13 b , ,465 1, , (42) , , , ,465

214 2015 A b 1) 1,450, % 50.00% 2) 150, % 14.29% 3) 10, % 20.00% 420, % 16.67% 200, % 21.00% i-tech Solutions Limited 6, % 50.00% 10, % 51.00% 484, % 5.16% 40, % 50.00% 4) 2,000, % 50.00% 100, % 49.00% % 4751, %13.33% 20.00% 2.88% 50.00%

215 A 13 b i ,164 15,408 2,756 8, ,082 7,704 1,378 4, ,448 12,039 2,409 5, ,224 6,020 1,204 2, ii , , (84) (84) , (42) (42)

216 2015 A c (1) , % 27.00% 86, % 49.00% 30, % 25.00%

217 A , , , , , , , ,197 12,656 8,822 12,656 8, , , , , , , , ,748 (95) (71) (95) (71) 352, , , , , , , , , , ,708

218 2015 A (9) , , , , , , , ,462 1,620 3, , , , , , , , , ,934

219 A ,089 21,167 11,089 21,159 20,389 21,335 20,189 21,335 48,198 56,330 48,198 56,330 78, ,038 78, , , , , , ,473 85, ,473 85, , , , ,572 (1,017) (68) (1,017) (68) 716, , , , , , , , ,575 20,389 21,335 20,189 21, , , , ,504

220 2015 A ,166 6,806 7,238 2,354 1,872 5,985 41, ,772 1, , ,690 4,291 (4,444) (114) (38) (259) (18) (452) (767) ,624 4,134 8,254 2,453 5,752 6,279 48, ,947 4, ,099 14,917 1,102 1, ,369 (40) 1 (1) 1 (39) (15) (130) (7) (448) (600) (16) (5) ,978 5, ,491 17, ,646 4,134 2,360 1,630 5,255 1,788 30, ,219 6,806 2,291 1,657 1,645 1,886 26,504

221 A ,879 4,241 5,989 2,172 1,408 5,533 36, ,598 2, ,021 6,829 (18) (1) (54) 438 (112) (33) (1,490) (28) (548) (2,211) ,166 6,806 7,238 2,354 1,872 5,985 41, ,106 4, ,790 12, , ,825 5 (12) 29 (23) (1) (33) (402) (19) (468) (922) ,947 4, ,099 14, ,219 6,806 2,291 1,657 1,645 1,886 26, ,773 4,241 1,672 1,620 1,255 1,743 23,304

222 2015 A ,265 6,806 6,843 2,213 5,924 36, , ,504 4,412 (4,444) (38) (242) (12) (446) (738) 12 (13) ,719 4,090 7,526 2,298 6,191 38, ,044 4, ,059 13, , , (1) 3 (15) (114) (1) (442) (572) (46) (16) 2 (60) ,940 5, ,446 15, ,779 4,090 1,914 1,567 1,745 23, ,221 6,806 2,102 1,597 1,865 22,591

223 A ,098 4,242 5,739 2,037 5,480 31, ,598 2, ,016 6,687 (66) (1) (52) (66) (112) (33) (1,488) (25) (547) (2,205) ,265 6,806 6,843 2,213 5,924 36, ,374 4, ,762 11, ,523 (9) (7) 29 (21) (8) (33) (400) (16) (466) (915) 18 7 (1) ,044 4, ,059 13, ,221 6,806 2,102 1,597 1,865 22, ,724 4,242 1,555 1,542 1,718 19,781 a b c

224 2015 A ,477 2, (5) ,694 2, (14) (3) ,708 1, ,684 1, a b

225 A ,532 2,424 1,059 5, (24) (24) ,517 3,135 1,102 5, , , , , ,274 1, , ,325 1, , ,297 1,991 1,034 4, ,532 2,424 1,059 5, , , , ,325 1, , ,126 1, ,996

226 2015 A ,326 2,374 3, ,332 3,071 4, ,237 1, ,591 1, ,116 1,480 2, ,142 1,137 2, ,106 1,974 3, ,326 2,374 3, , ,237 1, ,142 1,137 2, ,019 1,973

227 A 19 i 10,177 10,177 (579) 9,598 ii iii , ,533 (579) 9,954 i ii iii 53.12%12,898 6,851 10, a 55.00% a % % 15%12% 12%

228 2015 A ,020 10,291 15,626 9,962 (867) (771) 15,153 9,520 15,626 9,962 a ,217 15,783 36,647 9,150 (7,614) (1,905) (2,203) (550) 9,669 2,418 5,290 1,322 (1,087) (276) 1, ,185 16,020 41,246 10, (252) (61) (13) (3) (5,304) (848) (5,022) (802) (5,307) (867) (4,823) (771)

229 A 20 a ,244 15,561 35,767 8,942 (7,620) (1,905) (2,195) (549) 9,354 2,339 5,106 1,277 (1,474) (369) 1, ,504 15,626 39,847 9,962 b ,184 (553) 1,322 (433) 9,520 6,638 1,096 (527) 7,207 (1,413) (124) (1,537) 3 (40) (37) ,825 (1,966) 2,418 (1,124) 15, ,009 1,887 1,621 (223) 7,294 5,174 (299) 71 4,946 (2,440) (263) (2,703) 1 (18) (17) ,184 (553) 1,322 (433) 9,520

230 2015 A b ,942 (549) 1, ,962 6,619 1,062 (526) 7,155 (1,356) (135) (1,491) ,561 (1,905) 2,339 (369) 15, ,833 1,880 1, ,820 5,109 (316) 41 4,834 (2,429) (263) (2,692) ,942 (549) 1, ,962 25%25%

231 A ,919 3,883 4,718 3, a , , b 1, , b ,097 7,106 2,645 3,007 13,870 15,032 10,384 9,353 a , ,672 1,398 (981) (943) i ii

232 2015 A b (590) (8) 1, (9) (8) (599) (16) 1, (591) (7) (24) (13) (615) (20) (582) (13) (6) (15) (588) (28) 1, (584) (9) (23) (607) (9) 972

233 A (2) ,017 6 b, 7 c, 8 d c 65,165 59,486 (1,979) 1,464 (38,383) (1,137) , a (9) (156) (56) 2 1,048 68,182 61,410 (2,144) 1,464 (38,441) (1,137) , (3) (14) (9) b, 7 c, 8 d c 48,764 32,895 (1,641) 651 (14,917) (655) 68 65, a (138) (5) (65) 17 (70) (25) ,429 33,537 (1,856) 668 (15,006) (655) 65 68,182

234 2015 A ,017 6 b, 7 c, 8 d c 63,167 58,465 (1,117) 1,459 (38,335) (1,136) , ,768 1, a (9) (150) (55) 1,040 67,261 60,384 (1,276) 1,459 (38,390) (1,136) , (9) b, 7 c, 8 d c 47,222 32,395 (1,602) 647 (14,904) (653) 62 63, ,768 1, a (138) (5) (62) 17 (70) ,965 32,991 (1,811) 664 (14,979) (653) 84 67,261

235 A , , , ,910 7, ,135 5, , , , , , , , , , ,471 77, ,906 27,607 1,100 1,100 12,200 16,686 6,653 12, ,771 94, ,659 40, a ,439 56, ,072 55,984 9,060 5,426 9,060 4,808 3,153 5,283 3,153 5, ,652 66, ,285 66,075

236 2015 A b ,833 13,328 12,833 13,328 67,336 16,428 67,336 16,428 1,994 3,823 1,994 3,823 1,159 1,588 1,159 1,588 83,322 35,167 83,322 35, ,330 30, ,963 30, ,652 66, ,285 66, ,167, ,646 1,148, ,911 1,194,064 1,237,765 1,143,710 1,183,641 2,361,531 2,211,411 2,292,279 2,144, , , , , , , , ,021 1,210,167 1,093,027 1,129,124 1,014,194 3,571,698 3,304,438 3,421,403 3,158,746

237 A , , , ,427 49,188 48,199 43,954 48,199 56,499 54,705 56,496 54,703 60,172 42,739 60,125 42,508 57,867 51,006 57,867 50, , , , , ,398 1,352 1,301 1,345 37,675 43,997 36,258 42,528 39,073 45,349 37,559 43, a 3,348 1,007 3, b 16,879 12,362 16,456 11,952 20,227 13,369 19,786 12,929

238 2015 A a , , ,348 1,007 3, b ,087 2,029 2,087 2,029 2,352 2,214 2,352 2,214 3,985 3,020 3,562 2,610 8,455 5,099 8,455 5,099 16,879 12,362 16,456 11, a 32,519 32,396 29,970 29,966 b 27,995 27,636 20,990 20, ,245 24, ,245 24,832 14,748 21,291 8,649 8, , , ,854 84,559

239 A 29 a % i ,000 6, ,995 ii ,700 11, ,688 iii ,300 11, ,287 29, ,970 i [2008]304 [2008] 2530,000 26,0004,000 19,0004,00023,000 ii iii [2012]703 [2012] 9111,700 11,700 [2013]557 [2014] 22 11,300 11,300

240 2015 A a % ,500 1, , T* , ,291 2, ,549 * T 5 b % 1201 i ,500 6, , i R* ,500 13, , ii , , ,990 * R 3.50% i ii [2011]557 [2012] 220,000 6,500 13,500 [2014] 35 [2014]412 1,0001,000

241 A 29 b % iii ,000 1,000 1,000 iii ,000 1,000 1,000 iii ,000 1,000 1,000 iii ,000 1,000 1,000 iv , ,200 iii iv [2012]758 [2013] 33 2,0002, [2015]551 [2015] % v , ,245 v %

242 2015 A a 2015 i 5,865 24,004 (23,615) 6,254 ii 175 3,080 (3,023) 232 iii ,068 27,094 (26,638) 6, i 5,057 19,093 (18,285) 5,865 ii 49 2,889 (2,763) 175 iii ,119 21,997 (21,048) 6,068

243 A 30 a 2015 i 5,166 22,257 (22,319) 5,104 ii 173 3,042 (2,994) 221 iii ,367 25,309 (25,313) 5, i 4,572 17,801 (17,207) 5,166 ii 49 2,858 (2,734) 173 iii ,634 20,674 (19,941) 5,367

244 2015 A a i ,215 17,248 (16,887) 4, ,400 (2,398) ,611 (1,545) (33) (52) ,546 (1,640) 148 1,353 1,111 (1,060) 1,404 5,865 24,004 (23,615) 6, ,576 15,069 (14,430) 4, (81) ,464 (1,619) (29) (43) ,548 (1,414) 242 1, (669) 1,353 5,057 19,093 (18,285) 5,865

245 A 30 a i ,539 15,679 (15,759) 3, ,298 (2,296) ,597 (1,531) (30) (51) ,522 (1,617) 146 1,332 1,078 (1,035) 1,375 5,166 22,257 (22,319) 5, ,106 13,897 (13,464) 3, ,453 (1,607) (28) (42) ,534 (1,401) 241 1, (665) 1,332 4,572 17,801 (17,207) 5,166

246 2015 A a ii ,385 (1,353) ,601 (1,582) (88) ,080 (3,023) ,218 (1,203) ,580 (1,471) (89) ,889 (2,763) 175

247 A 30 a ii ,367 (1,335) ,582 (1,572) (87) ,042 (2,994) ,204 (1,190) ,564 (1,456) (88) ,858 (2,734) % 35%10% 35% 8.33% 8.33%

248 2015 A a iii H H (1)

249 A 30 a iii (2) (0.90) (1.69) H

250 2015 A a iii (3) Black-Scholes % 43% 43% 43% 43% 43% 43% % 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 1.41% 1.41% 1.41% 1.41% 1.41% 1.41% 1.41% % 26% 26% 26% 26% 26% 26% % 5.27% 5.27% 5.27% 5.27% 5.27% 5.27% 2.58% 2.58% 2.58% 2.58% 2.58% 2.58% 2.58%

251 A 30 b Willis Towers Watson 108%122% (340) (316) (12) (11) 1 2 (11) (9)

252 2015 A b (29) (22) (9) (10) (29) (22)

253 A 30 b % % % % c

254 2015 A ,840 8,383 9,158 7,929 2,633 2,745 2,608 2, ,820 11,656 12,100 11, ,294 7,001 12,294 7,001 8,000 3,700 8,000 3,700 1,866 1,709 1,295 1,369 1,295 1, ,875 25,783 31,837 15,657 64,345 39,678 53,441 27,843

255 A A 20,629 20,629 H 4,591 4,591 25,220 25,220 AH ,220 25, ,523 67,523 76,681 76,681

256 2015 A (64) 11 (53) 21 1,875 6,058 (421) (1,413) 4, ,097 (163) (135) (1,309) (343) ,618 (412) (1,548) 5, , ,554 (412) (1,537) 5, ,107

257 A (5,539) 9, (2,440) 7, ,875 (951) (263) 788 (163) (1,736) (1,309) (8) (8,234) 11, (2,703) 8, (8,160) 11, (2,703) 8,

258 2015 A ,646 5,706 (281) (1,356) 4,069 5,715 (163) (135) (2) (2) ,512 6,261 (272) (1,491) 4,498 6,010

259 A (5,641) 9, (2,429) 7,287 1,646 (951) (263) 788 (163) (4) (8) (6,604) 10, (2,692) 8,116 1,512 a b 3 g iv

260 2015 A % ,690 23,502 5,319 5,188 34,009 28, ,979 46,347 53,208 45,762 10,700 7,632 10,720 7,446 64,679 53,979 63,928 53, a ,897 15,636

261 A 38 b 53, % 5, , ,402 33,441 c , , , ,333 57,696 55,911 53,189 51,877 36) (5,319) 10% (5,188) 10% (5,319) 10% (5,188) 10% (10,700) (7,632) (10,720) (7,446) (16,897) (15,636) (16,897) (15,636) (53) 163, , , ,940 d

262 2015 A ,943 82,168 69,598 73,971 78,076 63,630 78,064 63,241 4,866 5,131 4,368 4,485 8,598 8,318 8,578 8,285 1,382 3, ,255 4,580 6,780 4,302 7,191 12,102 20,461 12,023 20,440 48,175 37,749 47,674 37, , , , ,126 1, ,448 64,102 58,025 62,026 1, , ,168 33,796 21,933 33,573 4,381 7,236 2,402 4,521 2,790 1,637 2,790 1,539 7,150 3,921 6,700 3,230 97, ,834 92, ,031

263 A ,562 7,692 9,461 7,592 3,799 4,116 3,608 4,077 13,681 7,017 13,254 6,762 4,215 4,204 3,943 3,966 18,644 13,033 18,617 12,026 7,897 7,279 4,542 5,543 57,798 43,341 53,425 39, (15) (646) (23) (646) 219 (113) 218 (120) 467 (172) 467 (172) , ,

264 2015 A ,535 1,211 1,534 1,212 (142) 76 (224) (3) (8) (51) (8) (51) (292) 281 (331) ,549 4,240 4,546 4,238 7,127 5,762 6,904 5, ,444 9,147 10,286 9, ,929 10,425 11,610 10,185

265 A ,548 19,968 19,979 18,797 4,779 4,426 4,722 4,382 5,067 4,785 4,908 4,674 31,394 29,179 29,609 27,853 3,496 2,944 2,942 2,562 3,842 3,349 3,699 3,234 17,009 15,184 16,127 14,517 55,741 50,656 52,377 48, c 57,507 31,254 57,348 30, (9) 20 (9) ,266 31,681 59,108 31,180

266 2015 A a ,415 21,470 22,466 20, ,268 22,328 22,903 21,062 (7,207) (4,946) (7,155) (4,834) 17,061 17,382 15,748 16,228 b ,079 73,431 68,937 68,105 25%25% 18,770 18,358 17,234 17, (2,365) (1,623) (2,302) (1,564) (177) (136) 17,061 17,382 15,748 16,228 i 25%25% ii iii 16.5%16.5%

267 A 48 9 ( % % a ,696 55,911 25,220 25, ,045 55, ,696 55, (651) (520) 57,045 55,391

268 2015 A b , , % 19.28% 16.90% 19.10% 49

269 A 49 a ,675 42,793 67,527 51,279 8,513 7,144 19,014 15, , ,202 16,581 18,063 (5,121) (453) 2,953 2,084 (14,413) (19,694) 58,256 60,856 62,406 50,826 11,466 9,228 4,601 (3,708) 136, ,202 13,613 12,942 25,860 16,765 8,972 5,672 4,974 4,115 53,419 39,494 2,531 3, ,992 3,941 2, ,323 9, ,400 77,347 89,040 68,504 26,430 18,841 11,601 1, , ,863 (1,477) (1,332) (1,306) (1,137) (84) (77) (629) (398) (3,496) (2,944) (287) (332) (287) (332) (39,871) (23,166) (16,336) (7,611) (162) (25) (2,897) (879) (59,266) (31,681) (20,635) (22,125) (36,752) (30,731) (3,219) (2,552) (3,568) (2,729) (64,174) (58,137) (61,983) (46,623) (54,394) (39,479) (3,465) (2,654) (7,381) (4,338) (127,223) (93,094) (43) (59) (71) (64) (9) (10) (16) (15) (139) (148) 12,508 30,798 34,792 29,105 22,983 16,199 4,796 (2,671) 75,079 73,431 2,448 3,676 2,165 3, ,332 1,098 9,084 8, ,398,748 1,380,976 1,265,735 1,022,060 1,246, ,272 1,527,731 1,411,906 5,438,740 4,701,214 2,244,895 2,169,013 1,147,024 1,028, , , , ,362 5,060,114 4,383,257 2,786 1,484 2,786 1,484

270 2015 A b , , , ,863 75,079 73,431 75,079 73, ,438,740 4,701,214 9,954 9, ,059 15,538 9,880 9,927 9,723 5,474,978 4,731,829 5,060,114 4,383,257 11,874 10,854 41,232 22,658 5,113,220 4,416,769

271 A 49 c

272 2015 A c ,105,486 1,863,145 1,808,257 1,629,954 31,968 1,998 58,369 25,202 22,833 22, , , , ,447 3,572 10,514 31,052 30,437 2,914 2, , , , ,438 11,163 14,922 25,797 25,505 2,529 2, , , , ,926 13,218 15,988 30,087 28,658 1,819 1, , , , ,945 2,990 3,865 7,876 8,049 1,420 1, , , , ,146 3,683 7,510 16,767 16,891 2,736 2, , , , , ,212 19,448 20,166 2,832 2, , , , ,176 1,791 2,077 2,222 2, , , , ,541 6,263 5,345 9,853 8,442 9,891 6,028 5,474,978 4,731,829 5,113,220 4,416,769 75,079 73, , ,863 47,065 42,352

273 A ,652 66, ,285 66,075 13,367 3,022 13,367 3,022 67,980 29,050 67,980 29,050 2,752 3,853 2,752 3, ,330 31, ,962 30, ,429 67, ,061 66, (a)

274 2015 A (a) , , , , , , , , , , , , ,979 4,062 1,479 1, ,029 23,694 23,872 18, , , , ,459 5,884 2,610 5,884 3,132 1,170,100 1,225,128 1,148,219 1,209,539 1,496,021 1,725, , ,547

275 A 51 (b) ,380 1,965 4,292 1, ,631 2,537 4,541 2,398 (c) ,613 2,293 2,540 2, ,591 2,466 2,546 2, ,207 2,179 2,173 2, ,612 6,020 5,562 5,987 13,023 12,958 12,821 12,758 (d) 1,

276 2015 A (e) ,729 23, (a) , , , ,474 (320,110) (243,797) (318,027) (240,474)

277 A 52 (b) ,820, ,473 1,820, , (a)

278 2015 A (a) 9 (i) 51(a) 8,043,986 7,597,633 7,720,943 7,309,865

279 A 53 (a) (ii) ,326 20,484 33,666 20,061 (14,624) (9,577) (14,442) (9,446) 19,702 10,907 19,224 10,615 13,070 7,408 13,032 7,404 (7,806) (4,733) (7,805) (4,732) 5,264 2,675 5,227 2, ,689 25,105 30,136 23, , , ,442 25,863 31,731 23,917 (3,600) (2,640) (3,564) (2,611) 30,842 23,223 28,167 21,306 2,742,448 2,460,164 2,510,885 2,234,173 (58,812) (48,215) (56,885) (46,378) 2,683,636 2,411,949 2,454,000 2,187,795 2,739,444 2,448,754 2,506,618 2,222,388 4,

280 2015 A (a) (iii) (601) (619) (601) (619) AAA 7,095 8,667 2,767 5,197 AA- AA+ 540, , , ,647 A- A+ 14,671 5,543 8,868 2,724 A- 15,763 7,574 12,645 5, , , , , , , , , , , , , , ,082AA-)) (iv) ,400 88,929 85,675 84,088

281 A 53 (b) (i) (1) (VaR

282 2015 A (b) (i) (2) NII NII NII FTP

283 A 53 (b) (i) , ,820 39, , ,143 45,374 10, ,009 2,739,444 1,647, , ,721 9,102 1,440, , , , ,912 17, , ,993 5,474,978 3,221,549 1,203, , , ,313 1,138, , ,003 9,202 4,304 3,571,698 2,596, , ,570 6,088 8,110 27,802 6,620 6,228 6, , ,507 97, ,411 21,425 24, , ,411 5,113,220 3,571, , ,816 30, , ,758 (350,032) 231, , ,982 32,473

284 2015 A (b) (i) , ,518 22, , ,447 86,569 41,218 2,817 2,448,754 1,294, , ,223 41, , , , , ,029 14, , ,538 4,731,829 2,469,288 1,293, , , , , , ,298 20,526 2,068 3,304,438 2,278, , ,500 1,444 6,726 23,615 6, , , ,155 20,793 38,380 15,817 31, , ,427 4,416,769 2,968, , ,973 32, , ,060 (499,620) 379, , ,838 23,371

285 A 53 (b) (i) , ,228 13, , ,954 37,945 8,219 1,271 2,506,618 1,537, , ,007 8,442 1,451, , , , ,912 52,843 91,983 91,983 5,208,037 3,120,504 1,070, , , ,880 1,063, , ,143 4, ,421,403 2,482, , ,331 6, ,870 6,619 6,228 6, , ,854 92, ,504 14,490 22, , ,463 4,855,996 3,434, , ,533 29, , ,041 (313,807) 174, , ,904 44,120

286 2015 A (b) (i) , ,661 14, , ,461 83,697 39,381 1,279 2,222,388 1,183, , ,788 40,622 1,012, , , , ,029 48,589 82,353 82,353 4,491,115 2,356,109 1,177, , , , , , ,106 14, ,158,746 2,174, , ,454 1, ,195 6, , ,266 84,559 13,747 33,355 7,491 29,966 88,188 88,188 4,179,864 2,848, , ,219 31,575 97, ,251 (492,849) 336, , ,076 48,688 3

287 A 53 (b) (i) (25) 25 (25) (1,042) 1,042 (995) 995 (i) (ii) (iii)

288 2015 A (b) (ii) IMFSDR (1) (VaR (2)

289 A 53 (b) (ii) ,747 44,537 28,345 1, ,342 6,852 33, , ,509 7,011 11, ,396 16,848 8,359 2,473, ,776 87,923 18,796 2,739,444 24, ,832 1,582,388 (135,718) 5,666 (11,533) 1,440,803 (20,880) 6, ,365 7,728 6, ,993 1,189 7,686 5,134, , ,391 20,549 5,474,978 28, ,429 1,051,084 78,385 4,640 4,475 1,138,584 12,060 5,532 3,135, , ,031 67,698 3,571,698 39, , ,920 (168,451) (5,163) (14,504) 27,802 (25,916) (6,156) 235,039 10,425 6, ,507 1,604 7, , , , ,733 4,756, , ,682 58,090 5,113,050 27, , ,497 9,263 12,709 (37,541) 361,928 1,425 15, ,713 76,905 24,916 24, ,622 11,832 29, , ,820 61,572 93, ,887 76,282 73,414 (417,201) (482,020) (52,239) (56,359) (1,007,819) (74,159) (62,286) (15,074) 8 (194) (15,260) (2,319) 10 (69,751) (1,274) 9,341 36,492 (25,192) (196) 11,138

290 2015 A (b) (ii) ,938 18,874 13, ,785 3,044 16, ,014 52,091 4,886 10, ,051 8,402 6,111 2,139, ,718 77,640 16,613 2,448,754 34,632 97, ,965 34,184 17,847 3, ,701 5,514 22,323 94,124 3,487 7, , ,184 4,255, , ,043 31,596 4,731,817 52, , ,722 74,400 3,064 1, ,039 12,000 3,832 2,892, , ,441 26,811 3,304,438 33, ,188 5,352 3,823 14, , ,956 83,601 15,962 6, ,155 2,575 8,245 94,687 3,892 4, , ,669 3,875, , ,985 29,159 4,416,769 49, , ,934 14,619 (81,942) 2, ,048 2,357 (102,492) 829, ,738 (39,226) 7, ,241 17,861 (49,063) 283, , ,230 50, ,182 69, ,927 (384,466) (439,124) (79,240) (49,483) (952,313) (70,826) (99,112) (674) (516) 24 9 (101,401) (8,993) 98, (10,647) (1,450) 123,824

291 A 53 (b) (ii) ,277 44,513 2,875 1, ,011 6,848 3, , ,777 6,814 8, ,389 16,274 8,124 2,352, ,082 22,169 16,426 2,506,618 17,705 26,433 1,580,431 (142,968) 29,163 (15,590) 1,451,036 (21,996) 34,772 89,904 1, , ,011, ,828 61,511 11,189 5,208,037 19,050 73,341 1,000,762 56,524 1,651 4,469 1,063,406 8,696 1,969 3,102, ,777 41,655 53,993 3,421,403 34,274 49, ,902 (168,451) (6,077) (14,504) 26,870 (25,916) (7,246) 227,205 5,206 3, , , ,209 (212) (1,005) ,294 (33) (1,198) 4,656, ,844 39,667 44,260 4,855,827 17,822 47, ,453 7,984 21,844 (33,071) 352,210 1,228 26, ,553 77,113 6,297 (24,215) 781,748 11,864 7, , ,096 40,205 81, ,988 70,017 47,937 (417,201) (440,957) (22,715) (49,156) (930,029) (67,842) (27,084) (15,069) (191) (15,260) (2,318) (69,751) (930) 17,490 31,890 (21,301) (143) 20,853

292 2015 A (b) (ii) ,083 18,852 5, ,951 3,041 6, ,224 44,635 4,364 9, ,818 7,199 5,458 2,026, ,618 6,971 12,376 2,222,388 28,487 8, ,517 28,992 40, ,012,605 4,676 50,414 81,976 (992) 1, ,340 (160) 1,310 4,141, ,105 58,251 23,523 4,491,102 43,243 72, ,009 62,494 2,891 1, ,176 10,080 3,616 2,860, , ,735 15,558 3,158,746 29, ,499 5,352 3,793 12, , ,218 75,118 7,242 2,199 84,559 1,168 2,750 84,535 3, , ,784, , ,923 17,695 4,179,865 41, , ,849 11,232 (62,672) 5, ,237 1,812 (78,389) 829, ,451 (52,850) 7, ,930 17,653 (66,104) 271, , ,254 40, ,174 65, ,449 (367,336) (411,359) (75,474) (42,122) (896,291) (66,348) (94,402) 159 (674) (515) 26 (95,959) (4,740) 92,780 (2,713) (10,632) (764) 116,047

293 A 53 (b) (ii) (100) 100 (100) (94) 37 (37) (i) (ii) (iii) 100

294 2015 A (c) MLF FTP 23,0207,200 15,820

295 A 53 (c) (i) 118, , ,342 12, ,243 61,785 45,004 10, ,396 (ii) 19, , , , , ,893 38,018 2,739,444 (iii) 405,195 69, , , ,195 13,298 1,438,017 11,988 4,641 5,435 10,980 2,052 1,065 83, , , , ,946 1,250,784 1,041, , ,803 5,474, , , , ,988 22,805 3,735 1,138,584 (iv) 2,009, , , , , ,571,698 3,330 1,637 1,135 3,857 9, ,674 27,802 31,016 65,659 95,056 27,257 32, ,507 63,634 22,662 7,666 13,531 11,503 2,518 2, ,629 2,454, , , , ,890 39,448 9,789 5,113,220 (2,292,664) 295,914 43, , , , , ,758

296 2015 A (c) (i) 149, , ,785 8, ,078 75,539 69,849 43, ,051 (ii) 1, , , , , ,737 23,215 2,448,754 (iii) 45,842 66, , , ,195 13, ,701 11,916 5,735 5,868 9, , , , , ,350 1,264, , , ,683 4,731,829 4, , , ,695 26, ,039 (iv) 1,618, , , , ,289 2,944 3,304, ,380 1, , ,275 23,615 5,859 31,757 9,145 28,610 30, ,155 40,836 25,641 12,450 13,100 8,005 1,193 2, ,522 1,664, , , , ,001 35,774 12,572 4,416,769 (1,492,997) (152,158) (191,884) 365, , , , ,060

297 A 53 (c) (i) 91, , ,011 46, ,361 55,470 37,886 8, ,389 (ii) 18, , , , , ,953 37,640 2,506,618 (iii) 404,348 66, , , ,170 10,990 1,408,981 11,985 3,820 4,816 9, , , , , ,279 1,163, , , ,730 5,208, , , , ,931 8,857 1,063,406 (iv) 1,957, , , , , ,421,403 3,330 1,657 1,188 3,443 9, ,084 26,870 30,294 61,387 92,149 22,055 29, ,854 62,722 21,208 6,534 10,282 6, ,463 2,434, , , , ,779 31,580 7,084 4,855,996 (2,266,029) 323,080 89, , , , , ,041

298 2015 A (c) (i) 141, , ,951 5, ,441 70,211 83,809 44, ,818 (ii) 109, , , , ,304 23,020 2,222,388 (iii) 44,963 64, , , ,130 50,244 1,012,605 11,610 3,578 5,154 8, ,759 82, , , ,674 1,201, , , ,120 4,491,115 1, , , ,366 16, ,176 (iv) 1,580, , , , ,244 2,944 3,158, ,380 1, , ,266 22,195 3,316 27,101 2,220 21,957 29,965 84,559 40,160 24,087 11,044 9,752 2, ,188 1,622, , , , ,567 33,389 9,697 4,179,864 (1,463,579) (148,018) (151,636) 382, , , , ,251 (i) (ii) (iii) (iv)

299 A 53 (c) , , , , , ,368 11, ,863 62,507 45,870 10, ,739,444 3,311,031 21, , ,169 1,034, , ,004 39,920 1,427,841 1,658, ,169 72, , , ,944 3,367 16,914 16,485 9,390 1, , ,016 5,361,937 6,167, ,061 1,006, ,095 1,313,288 1,288,761 1,309, ,189 1,138,584 1,152, , , , ,747 24,491 3,855 3,571,698 3,690,568 2,018, , , , , ,227 20,227 3,330 1,657 1,188 3,865 9, , ,745 31,286 66,230 97,416 43,477 33,336 85,202 86,797 54,350 19,267 1,537 3,919 4,648 1,010 2,066 5,067,218 5,221,561 2,454, , , , ,980 39,171 2, , ,020

300 2015 A (c) , , , , , ,092 9, ,040 77,311 71,531 44, ,448,754 2,915,660 1, , ,216 1,031, , ,767 23, ,386 1,192,565 47,546 69, , , ,832 4,410 15,829 15,829 8,741 1, ,252 4,632,805 5,310, , , ,500 1,326,826 1,204,875 1,009, , , ,677 5, , , ,853 28, ,304,438 3,413,620 1,633, , , , ,580 3,167 13,369 13, ,393 1, , , ,672 5,942 31,895 10,896 30,880 31,059 58,174 58,174 23,741 21,529 1,218 3,338 5,410 1,072 1,866 4,361,175 4,499,568 1,664, , , , ,147 36,232 1, , ,850

301 A 53 (c) , ,011 91, , , ,815 47, ,705 56,139 38,555 8, ,506,618 3,057,718 20, , , , , ,773 39,526 1,399,374 1,628, ,270 69, , , ,919 1,427 51,443 51,443 9,388 42,055 5,115,835 5,899, , , ,095 1,220,490 1,157,622 1,278, ,175 1,063,406 1,073, , , , ,321 9,277 3,421,403 3,538,888 1,965, , , , , ,786 19,786 3,330 1,657 1,188 3,443 9, , ,730 30,542 61,839 94,155 37,579 30,615 70,906 70,906 53,417 17,489 4,811,355 4,957,989 2,434, , , , ,792 31, , ,470

302 2015 A (c) , , , , , ,719 7, ,369 71,953 85,417 44,971 2,222,388 2,680, , , , , ,239 23,615 1,005,010 1,207,336 46,601 67, , , ,763 42,649 8,434 8,434 8,434 4,409,601 5,076, , , ,170 1,261,574 1,086, , , , ,766 2, , , ,517 19,083 3,158,746 3,265,979 1,594, , , , ,201 3,167 12,929 12, ,393 1, , , ,586 3,333 27,140 4,237 30,772 40,104 44,317 44,317 24,145 20,172 4,126,727 4,279,633 1,622, , , , ,977 43, , ,860 (d)

303 A 53 (e)

304 2015 A (e) % 10.44% 10.83% 10.44% 12.57% 12.38% 25,220 25,220 73,889 69,227 33,981 28,664 64,680 53, , , (i) (304) (1,308) 360, ,980 12,766 12, , ,977 (ii) , ,982 30,000 30,000 24,006 24,190 1,959 2,162 55,965 56,352 55,965 56, , ,334 3,208,152 2,893,732 (i) (ii)

305 A 53 (e) 10.38% 10.38%12.15% 360,460 2,966, % 9.93%11.91% 416,834 3,499, % 9.44%11.46% 373,886 3,261,357 (f) ,474,978 (2,717) 10,813 13, ,776 (12,766) 6,275,592

306 2015 A (f) ,251,604 (12,766) 5,238,838 9,780 11, , ,481 13, ,989 1,302,755 (510,979) 791, ,444 6,275, %

307 A 53 (g)

308 2015 A (g) , ,880 75, ,150, (492) 35,908 35, (17) 249, ,622 19, ,071 5,536 (4,400) 133, ,294 2, ,150 3,123 (1,682) 27,528 18, , ,865 20, ,638 (876) 480, ,339 23,876 1,136,249 9,323 (6,975) (1) (1) (2) 1,700 9,800 18,010 29, (14) 1, , , (32) 1,325 1,409 2,863 5,597 9 (60) 2,362 2,276 16, , (92) 10,176 (7,575)

309 A 53 (g) , ,663 29, , (240) 20,019 20, (793) 285, ,102 46, ,310 5,362 (4,142) 138,277 77,173 3, ,782 1,393 (1,270) 16,626 5,883 22,509 1,233 21,331 6,921 28,252 (3,365) 481, ,079 50,238 1,016,872 8,862 (9,570) (2) , (2) 6,300 13,540 29,510 49, (360) , , (29) 343 3,286 3, (45) , , (74) 9,315 (10,246)

310 2015 A (g) , ,465 74, ,146, (392) 35,908 35, (17) 243, ,031 19, ,936 5,359 (4,231) 86, ,687 2, ,886 2,841 (1,467) 27,489 18, , ,829 20, ,602 (876) 426, ,141 23,876 1,051,775 8,864 (6,591) (1) (1) 1,700 9,800 18,010 29, (14) , , (26) 1,325 1,409 2,863 5,597 9 (60) 1,875 1,792 13, , (86) 9,607 (7,084)

311 A 53 (g) , ,863 29, , (235) 20,019 20, (793) 280, ,733 44, ,359 5,237 (4,037) 119,515 62,357 3, , (406) 16,609 5,883 22,492 1,233 21,316 6,921 28,237 (3,365) 457, ,894 47, ,179 7,921 (8,601) (2) 6,300 13,540 29,510 49, (360) , , (23) 343 3,286 3, (45) , , (68) 8,346 (9,266)

312 2015 A (g) ,205 3, ,518 5,830 15,168 9,049 (h) (i) 9 14 Bloomberg Bloomberg

313 A 53 (h) (i) , ,697 1, , , ,612 4, , (ii) ,519 34,680 34,680 27,995 28,146 28,146 60,514 62,826 62, ,396 32,898 32,898 27,636 27,248 27,248 60,032 60,146 60,146

314 2015 A (a) ,018 56,049 53,189 51,877 57,507 31,254 57,348 30, , (5) 3,496 2,944 2,942 2, (4) (3) (4) (3) (3,958) (132) (3,975) (122) (5,186) (4,272) (5,098) (4,201) (48,175) (37,749) (47,674) (37,258) 7,150 3,921 6,700 3,230 (1,137) (655) (1,136) (653) (7,207) (4,946) (7,155) (4,834) (210,054) (400,785) (188,564) (374,995) 547, , , , , , , ,362 (b) , ,938 91, ,854 56,014 47,336 53,968 41, ,714 68, ,919 61, , , , ,039 17,473 15,175 16,815 13, , , , ,282

315 A 54 (c) ,381 14,793 13,783 14,290 (14,793) (15,662) (14,290) (14,918) 621, , , ,992 (456,678) (334,287) (434,992) (316,549) 164, , , ,815 (d) 55 47,

316 2015 A

317 A ,028 43,004 49,032 5,949 43,004 48,953 1,027 1,027 1,027 1, ,773 44,036 50,809 5,949 44,031 49,980 3,469 4,803 8, ,616 4,980 10, ,176 9,607 9,607 33, , ,743 14, , ,832 1, ,104 2, , , ,075 1, ,559 15, , ,846 45, ,086 1, ,816 21, , ,413 3,330 3,330 3,330 3, ,330 3,348 3,330 3,330 2,087 2,087 2,087 2,087 1,683 2,302 3,985 1,260 2,302 3,562 8,455 8,455 8,455 8,455 2,352 2,352 2,352 2,352 14,577 2,302 16,879 14,154 2,302 16,456 7,575 7,575 7,084 7, ,482 2,302 27,802 24,568 2,302 26,870

318 2015 A ,988 28,310 32,298 3,825 28,309 32, ,700 28,322 33,022 3,825 28,321 32,146 1,454 5, , , ,072 9, ,315 8,346 8,346 26, , ,094 13, , ,973 1, , , , ,526 14, , ,942 34, , ,031 18, , , , ,029 2,029 2,029 2, ,610 3,020 2,610 2,610 5,099 5,099 5,099 5,099 2,214 2,214 2,214 2,214 9,752 2,610 12,362 9,342 2,610 11,952 10,246 10,246 9,266 9, ,975 2,610 23,615 19,585 2,610 22,195

319 A 56 (i) Bloomberg (ii) Bloomberg Black-Scholes Bloomberg REUTERS (iii) ,302

320 2015 A (iii) (a) (3) (8) (125) (122) (255) ,242 1,246 (3) , (430) ,

321 A 56 (iii) (a) (36) (36) (4) (4) (16) (16) , ,056 (3,787) ,610 39

322 2015 A (iii) (a) (125) (125) , (430) ,

323 A 56 (iii) (a) , ,056 (3,787) ,610 39

324 2015 A (iii) (b) 10% (111) 44 (44) 13 (13) 230 (230) 230 (230)

325 A 56 (iii) (b) (13) 13 (13) 1 (1) 73 (73) 44 (44) 2 (2) 261 (261) 261 (261) (c) (d)

326 2015 A (a) (i) 29.97% (i&iii)) % (ii) % % % % (i) (ii) (iii) ()29.97%20.00%) () 13.04% 12.54%) 30% 30.06% 30%

327 A 57 (a) (i) a) b) c) ,750,000,000 11,550,000,000 5,900,000,000 4,300,000,000 1,000,000,000 1,000,000,000 6,000,000,000 6,000,000,000 1,160,950,575 1,160,950, ,000, ,000,000 % % % % % ,162,424, ,000,000, ,000,000, ,160,950, ,500, ,046, ,289,470, ,000,000, ,000,000, ,160,950, ,500, (ii) 2,704,596, % 1,574,729, % 1,258,542, % 944,013, % 1,147,377, % Best Winner Investment Ltd. 386,924, % China Merchants Union (BVI) Limited 477,903, % 55,196, % (iii) 72

328 2015 A (b) (i) (1) % % 5, , , , , , % 5% (2) % % ,

329 A 57 (b) (i) (3) % % , , , , , , (4) % %

330 2015 A (b) (i) (5) % % , , , , (6) % % 40, , % 41, , , , , , , , ,

331 A 57 (b) (i) (7) ,236 42,534 14,751 9,556 15,169 5,475 5,427 61,267 77,881 30(a)(iii) (Black-Scholes) 3(w)(v) (8) (9) 93 8, ,1868, (10) 4,000 1,400 (11)

332 2015 A (b) (ii) (1) % % 5, , , , , , % 5% (2) % % ,

333 A 57 (b) (ii) (3) % % , , , , , , (4) % % (5) % % , , , ,

334 2015 A (b) (ii) (6) % % 40, , % 41, , , , , , , , , (7) (8) 93 8,925581,1868, (9) 4,000 1,400

335 A 57 (b) (iii) (1) % % , , (2) % %

336 2015 A (b) (iii) (3) % % 5, , (4) % % 26, , , , , (5) % % , , , , , , , ,

337 A 57 (b) (iii) (6) % % (7) % % , , (8) 25,13213,350 3,1866, ,82336,951 (9) 21,831 3,960 (10) (11) 2,542 (12) (13) 112 (14) 3,250 3,100

338 2015 A (b) (iv) (1) (2) 1,098 1,113 (3) 3 12 (4) 6 28 (5) 84 (6) 112

339 A 57 (c) (i) (1) % % , (2) % % %

340 2015 A (c) (i) (3) % % % , , ,

341 A 57 (c) (i) (4) % % (ii) (1) % % ,

342 2015 A (c) (ii) (2) % % %

343 A 57 (c) (ii) (3) % % % , , ,

344 2015 A (c) (ii) (4) % % (iii) (1) % % (28) (0.06) (5) (0.01) (8) (0.02) (3) (0.01) ,

345 A 57 (c) (iii) (2) % % (3) % %

346 2015 A (c) (iii) (4) % % (4) (0.06) (2) (0.04) (iv) 58

347 A 59 (a) , , , ,805 10,693 78,067 88,760 88,760 2,773 2, ,563 5, ,074 3,765 2, , , , ,140 6,140 6,140 45, , , ,976 63, , , ,522 2,135 1,367 3,502 3, ,976 2,452 1, , , ,457

348 2015 A (b) 1,820, , , ,3335,723 11,470 7,728 5,373 2,622,189 2,420, (2008) (1)

349 A 61 13(a)38(b)57(a)

350 2015 A 349 ( 除特別註明外, 貨幣單位均以人民幣百萬元列示 ) 1 30% , % 外 以 59, % 2, % 353, % 716, % 16, % 178, % 62, % 185, % 以 20, % 以 251, % 單 64, % 6,086 1,315.35% % , % (59,266) 87.07% %

351 A 2 [2013] 33 % 1 25, a 33,981 2b 64,680 2c 162, a 73,889 3b (304) , , ,

352 2015 A % 22 15% a b 26c , , a 41b 41c ,444

353 A 2 % 46 30, , , , , a 56b 56c , , ,208, % % % % %

354 2015 A % 69 5% 70 6% 71 8% , , , , ,

355 A 2 14,381 14,381 16,099 16, , ,961 63,779 62, , , , ,924 2,739,444 2,739,513 24,934 24,926 59,081 59,077 10,176 10, , ,811 2,786 2, , , , ,864 30,813 30,821 1,708 1,708 3,595 3,555 9,954 9,954 16,020 16,015 13,870 13,483 5,474,978 5,472,261

356 2015 A ,600 62, , , , , , ,652 3,571,698 3,572,230 39,073 39,073 20,227 20,227 7,575 7, , ,507 6,524 6,425 12,820 12, ,345 62,421 5,113,220 5,111,438 25,220 25,220 67,523 67,453 6,086 6,132 34,009 33,981 64,679 64, , , , ,823

357 A 2 9,954 a 3,555 b 1,274 c 864 d 6 e 25,220 25,220 f g 67,453 h 6,194 i 242 j (304) k 33,981 l 64,680 m 162,405 n 251,507 30,000 o 1 25,220 f 2a 33,981 l 2b 64,680 m 2c 162,405 n 3a 73,889 h+i+j 8 9,954 a-d 9 2,275 b-c-e 46 30,000 o

358 2015 A ,228 31,673 11, ,629 4,591 11, , %

359 A

360 2015 A [2014] , , , , , , , , , ,458

361 A ,927 1, ,370, ,054 1,037, ,764 1,448, ,230 1,548 1,548 25,408 23,219 22, ,248 24,691 42,267 42, ,536 18,453 1,450, , ,089 1,151, , ,525 68, , , ,360 (%) %

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