本报记者 毛艺融 港股市场再融资活动活跃，年内港股公司配售规模合计突破2000亿港元大关。Wind数据显示，按上市日期计，截至9月5 日，年内港股公司累计完成281起配售，配售规模约2034.78亿港元，同比增长506.33%，规模远超过年内新股募资额。目前还 有多家公司正在推进配售计划。 配售机制是上市公司在无需股东大会额外批准的情况下，向特定投资者发行新股或出售旧股以筹集资金的行为。今年以 来，港股配售活动显著活跃，科技等资产迎来价值重估、上市公司加紧现金储备、市场流动性显著改善，全球资本再平衡下更 多国际长线基金踊跃参与港股配售。 从发行方式来看，折价配售成为主流。多数企业采用折价方式吸引投资者。配售节奏明显加快，"闪电配售"或"先旧后 新"被广泛应用，助力企业快速完成融资，应对市场变化和业务扩张需求。此外，中小盘企业配售尤为活跃，积极进行再融 资。 科技与生物医药 行业主导 科技、医药生物公司成配售主力。按Wind行业分类数据，软件服务、医药生物年内配售数量均在30起以上，相关公司配售 活动频繁，融资规模较大。个股方面，宁德时代、小米集团的年内配售规模居前，分别约435.09亿港元、426亿港元。药明 ...

Core Viewpoint - The regulatory authority is intensifying penalties against delisted companies for financial fraud and information disclosure violations, signaling a "zero tolerance" approach to such misconduct in the capital market [1][3][4] Group 1: Regulatory Actions - Shanghai Longyu Data Co., Ltd. received a notice of administrative penalty from the Shanghai Securities Regulatory Bureau, proposing a total fine of 38.1 million yuan for financial fraud and other violations [1] - As of September 7, 2023, 24 delisted companies have received 25 penalties from the regulatory authority this year, nearing the total number for the entire previous year [1] - The regulatory body is pursuing a dual accountability approach, penalizing both the companies and their responsible individuals, with a focus on historical financial misconduct [3] Group 2: Impact on Companies - Longyu's financial misconduct included falsifying financial statements from 2019 to 2022 and failing to disclose non-operating fund occupation in annual reports for 2022 and 2023 [2] - Taihe Group was delisted on August 4, 2023, due to its stock price falling below 1 yuan for 20 consecutive trading days, and subsequently faced penalties for significant omissions in its annual reports from 2020 to 2022 [2] Group 3: Investor Protection - The regulatory framework is evolving to enhance investor protection, with civil and criminal accountability measures being implemented alongside administrative penalties [4] - There is a call for a comprehensive investor protection mechanism, including judicial remedies, compensation funds, and improved information disclosure practices for companies at risk of delisting [5] - The establishment of a "four-in-one" mechanism is proposed to ensure timely compensation and transparency for investors affected by delistings [5]

本报记者 刘钊 "温州基地作为威马汽车重启后的核心生产枢纽，目前已下线十余台EX5与E5车型，这批车辆主要用于铺市场，验证渠道 流通与用户反馈，公司后续还将逐步开设新销售门店。"上述沟通联系人如是说。 据《证券日报》记者了解，从工厂运营来看，当前威马汽车温州基地已组建了400余人的生产团队，涵盖基础操作工、班 组长、车间主任等全岗位体系，完全按照正常汽车生产流程运转。 人员储备方面，威马汽车采取"召回老员工+新招聘"双轨模式。一方面，翔飞已向前威马汽车员工发送返岗通知，有前员 工在社交平台表示，两个月前就收到前领导的回归问询，只要有意愿返回，基本都能重新入职，薪资会根据当前市场水平重新 协商。另一方面，公司正通过线上招聘平台与线下招聘会大力扩招，生产线、质检、物流等各个岗位都在招，为后续产能提升 储备人力。不过，老员工回归意愿存在明显分化，部分老员工表示，原部门同事大多不愿回去，核心顾虑是担心企业稳定性， 由于之前经历过停产、欠薪，部分同事对公司重启后的发展信心不足，这也意味着威马汽车要完全重建员工信任仍需时间。 在供应链与资金支持方面，翔飞明确初期将投入10亿元用于设备升级、供应链恢复与产品开发，目前已完成 ...

公告显示，兮璞材料的经营范围包括技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 广；集成电路芯片及产品销售；集成电路芯片设计及服务；集成电路销售；建筑材料销售；橡胶制品销 售；机械设备销售；电子产品销售等。 本次交易尚处于筹划阶段，截至本公告披露日，兮璞材料及贝得药业的估值尚未最终确定。同时，本次 交易不会导致向日葵实际控制人发生变更，不构成重组上市。公司股票自9月8日起停牌，预计在不超过 10个交易日的时间内披露本次交易方案。 （文章来源：证券日报） 本报讯 （记者冯思婕）9月7日晚间，浙江向日葵大健康科技股份有限公司（以下简称"向日葵"）发布 了关于筹划重大资产重组的停牌公告。公告显示，向日葵正在筹划以发行股份及/或支付现金的方式收 购漳州兮璞材料科技有限公司（以下简称"兮璞材料"）的控股权及浙江贝得药业有限公司（以下简 称"贝得药业"）40%股权，同时拟募集配套资金。 本次收购的另一标的贝得药业，在此次交易前由向日葵持股60%，为向日葵控股子公司。据公司半年报 披露，贝得药业今年上半年实现营业收入1.44亿元，营业利润368.57万元，净利润404.12万元。截至今 年6月30日，贝得药业总资 ...

Core Viewpoint - Village banks play a crucial role in supporting rural economic development and promoting rural revitalization, but some are facing operational difficulties and rising risk levels, making integration essential for healthy industry development and financial risk prevention [1][3] Group 1: Integration of Village Banks - The integration of village banks is seen as a vital measure to enhance the industry's health and mitigate financial risks [1] - Well-rated and capable village banks should be prioritized during the integration process to maximize their positive impact [1][3] - Quality village banks have significant advantages in resource integration, allowing them to optimize branch locations, reduce operational costs, and improve service quality [1][2] Group 2: Financial Service Quality Improvement - Quality village banks can lead by example in enhancing financial service quality, tailoring credit products to local agricultural cycles and environmental factors [2] - They can develop financial service solutions for emerging industries like rural e-commerce and specialty agricultural processing [2] - Utilizing advanced financial technology, these banks can optimize online service channels, making it easier for farmers and small business owners to access services [2] Group 3: Risk Management - Quality village banks possess robust risk management systems and experience, which can be shared with integrated institutions to improve risk identification and control [2] - They can help establish liquidity risk management mechanisms and enhance internal auditing to prevent operational and moral risks [2] - By improving risk warning capabilities, these banks can help detect potential risks early and take timely measures [2] Group 4: Regulatory Support - Regulatory bodies should provide more policy support to quality village banks, encouraging their role in integration [3] - Incentives such as reduced business costs and positive evaluations for effective participating banks can stimulate their engagement [3] - Ensuring compliance and smooth integration processes through regulatory oversight is essential for protecting all parties' interests [3]

Group 1 - The importance of banks as a key financial support in the construction of modern agricultural industrial parks is emphasized, highlighting their role in driving rural revitalization through precise positioning and multi-dimensional efforts in mechanisms, models, products, and technology [1][3] - Banks should establish a dedicated service system that aligns with the development of modern agricultural industrial parks, including forming special working groups and appointing service specialists to provide comprehensive professional services [1][2] - Innovative financing models are crucial to solving the financing difficulties faced by modern agricultural industrial parks, with a focus on promoting supply chain finance models that extend the credit of core enterprises to upstream and downstream participants [1][2] Group 2 - Customization and development of credit products should closely align with the diverse needs of modern agricultural industrial parks, moving away from a one-size-fits-all approach to create specialized credit product systems [2] - The application of financial technology is essential for enhancing service efficiency, enabling online platforms for loan applications, and utilizing big data and IoT to build more accurate agricultural credit risk control models [2] - Continuous and stable financial support is necessary for the construction of modern agricultural industrial parks, with banks needing to optimize services, innovate products, and improve efficiency to allocate financial resources effectively [3]

Core Viewpoint - The State Council has issued the "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Action," aiming to promote the deep integration of artificial intelligence with various sectors of the economy and society [1] Financial Support for AI - The "Opinions" emphasize the importance of financial support for the artificial intelligence industry, recognizing that financial resources are essential for "Artificial Intelligence+" enterprises to thrive [2] - Financial institutions such as banks, insurance companies, and funds are expected to provide diverse financial tools like loans, leasing, and equity investments to meet the funding needs of AI companies [2] - The construction of an AI ecosystem, including specialized parks and talent cultivation, requires significant funding, which financial institutions can facilitate through resource integration [2] Risk Management Mechanisms - The development of mature risk-sharing mechanisms is crucial for enabling financial support for the AI sector, given the rapid technological changes and market volatility [2] - Insurance products tailored for technology research and intellectual property can help mitigate financial risks for AI companies [2] - The government may establish risk compensation funds to encourage financial institutions to invest in the AI sector by providing risk compensation for loans and investments [2] Adoption of AI in Financial Institutions - Financial institutions are actively embracing artificial intelligence to analyze vast amounts of financial data in real-time, improving risk identification and reducing non-performing loan rates [3] - AI applications in customer service, such as intelligent customer service and investment advisory, significantly enhance service efficiency and customer satisfaction [3] - Financial institutions are encouraged to innovate products and services while the government should optimize the financial ecosystem to promote the deep integration of finance and AI [3]

Group 1 - The personal consumption loan interest subsidy policy officially implemented on September 1 aims to stimulate consumption and boost consumer confidence, serving as a strong impetus for activating the domestic demand market [1] - The subsidy focuses on essential sectors such as home appliances, furniture, automobiles, and cultural tourism, addressing consumer pain points and facilitating the recovery of key industries [1] - Banks play a crucial role in executing this policy, with many institutions prepared to implement interest subsidies for eligible personal consumption loans, simplifying application processes and enhancing consumer experience [1] Group 2 - The long-term significance of the consumption subsidy policy extends beyond immediate consumer benefits, aiming to inject vitality into the entire economic system through positive transmission across consumption, investment, and production [2] - Sustainable consumer growth requires not only short-term policy stimulation but also foundational improvements such as increasing household income, enhancing social security, and optimizing the consumption environment [2] - The continuous release of policy dividends is expected to lead to a new wave of growth in the consumption market, providing stronger and more lasting momentum for high-quality economic development [2]

Core Insights - The meeting emphasized the importance of seed industry revitalization for national food security and the role of banks in providing innovative financial services to support this initiative [1][3] Group 1: Financial Support for Seed Industry - Banks are encouraged to establish a "full-cycle + differentiated" credit support system to meet the diverse funding needs of seed enterprises [1] - Long-term special loans should be introduced to address the characteristics of seed research and development enterprises, which require high investment and have long cycles with slow returns [1] - Flexible short-term working capital loan products should be developed for seed production and processing enterprises, considering their seasonal production characteristics [1] Group 2: Enhancing Innovation Capabilities - Banks should act as "resource integrators + risk bearers" to help seed enterprises improve their innovation capabilities [2] - Support for mergers and acquisitions through loans can help quality seed enterprises consolidate resources and enhance industry concentration and innovation efficiency [2] - Establishing a seed industry innovation development fund in collaboration with government departments and research institutions can focus on key technology research and development [2] Group 3: Intellectual Property Financing - To address the "light asset, financing difficulty" dilemma faced by seed enterprises, banks should innovate in intellectual property pledge financing [3] - A specialized intellectual property value assessment system should be established to evaluate the market value and revenue expectations of seed industry intellectual property [3] - A comprehensive service plan combining "intellectual property pledge + credit + industry chain" should be introduced to provide full-chain financial services to enterprises [3]

Group 1 - The 2025 Jiangsu Urban Football League ("Su Super") is expected to invigorate the consumer market and create development opportunities [2] - Jiangsu government emphasizes expanding service consumption as a long-term strategy, integrating various sectors such as dining, accommodation, travel, shopping, and entertainment [2] - Jiangsu Bank collaborates with the Jiangsu Provincial Department of Commerce to implement six measures to promote consumption through the "Su Super" initiative [2] Group 2 - Jiangsu Bank is actively involved in seasonal themed activities to create exclusive consumer markets, enhancing the integration of quality products and unique shopping experiences [3] - The bank has organized over 540 themed events across the province, including more than 300 promotional activities in key commercial areas, providing various consumer benefits [2][3] - The "Su Product Super Shopping Cart" initiative aims to help 979 local brands leverage the "Su Super" event to increase visibility and sales nationwide [3] Group 3 - Jiangsu Bank has established a "Su Super" section in its app to convert event traffic into consumer spending, offering features like ticket viewing, live streaming, and coupon distribution [4] - The bank plans to host specialized activities in vibrant night economy areas, promoting a lively nighttime consumption atmosphere [4] - The integration of financial services with consumption scenarios is aimed at transforming event traffic into tangible consumer growth [4]