11月14日晚，天孚通信公告，公司控股股东苏州天孚仁和投资管理有限公司拟参与询价转让。 公开信息显示，天孚通信是业界领先的光器件整体解决方案提供商和光电先进封装制造服务商，产品广泛应用 于人工智能、数据中心、光纤通信、光学传感等领域。 受益于人工智能行业的加速发展，全球数据中心建设带动了高速光器件产品需求的持续稳定增长，进而带动天 孚通信有源和无源产品营收增长，公司股价也实现了大幅攀升。 | 序号 | 拟参与转让股东的名称 | 持股数量(股) | 持股比例 | | --- | --- | --- | --- | | | 天孚仁和 | 295, 000, 059 | 37. 95% | 来源：公司公告 公告称，此次询价转让股份的数量为850万股，占天孚通信总股本的比例为1.09%，转让原因为自身资金需求。 截至公告发布日，天孚仁和持有天孚通信股份2.95亿股，持股比例为37.95%。 价格方面，本次询价转让的价格下限为不低于发送认购邀请书之日（即11月14日，含当日）前20个交易日天孚 通信股票交易均价的70%（相应日期股票交易总额/相应日期股票交易总量）。 公告同时表示，本次询价转让的受让方为具备相应定价能力 ...

证监会11月14日消息，近日，中国证监会举办学习贯彻党的二十届四中全会精神宣讲报告会，中央宣讲 团成员，证监会党委书记、主席吴清作宣讲报告。 证监会11月14日消息，近日，中国证监会举办学习贯彻党的二十届四中全会精神宣讲报告会，中央 宣讲团成员，证监会党委书记、主席吴清作宣讲报告。 要 点 概 览 抓紧研究谋划"十五五"时期资本市场战略任务和重大举措 吴清围绕习近平总书记在党的二十届四中全会上的重要讲话精神和《中共中央关于制定国民经济和 社会发展第十五个五年规划的建议》，从准确把握党的二十届四中全会的重大意义，深刻认识"十 四五"时期我国经济社会发展取得的新的重大成就，深刻领会"十五五"时期经济社会发展的指导思 想、重要原则、主要目标、战略任务和重大举措，以及坚持和加强党的全面领导，凝聚起推进中国 式现代化的磅礴力量等方面，结合资本市场工作实际，作了深入宣讲和系统阐释。 吴清表示，习近平总书记在全会上的重要讲话高屋建瓴、定向领航，明确了推动未来5年乃至更长 一段时期经济社会发展的一系列方向性、根本性重大问题，进一步深化了我们党对经济社会发展的 规律性认识，为推动高质量发展、推进中国式现代化提供了科学指南和重要 ...

Core Insights - The new energy concept stocks continue to strengthen, with the power equipment sector seeing significant gains, leading to a total market capitalization exceeding 100 billion yuan for leading companies [1] - The lithium battery industry chain has experienced a collective surge, closely related to favorable policies and improved supply-demand dynamics [2] Group 1: Stock Performance - A total of 83 stocks reached historical highs this week, a decrease from 94 the previous week [1] - Among these, the power equipment, basic chemicals, and electronics sectors had the highest concentration of stocks reaching new highs, with 17, 11, and 11 stocks respectively [1] - The main board had 48 stocks, the Sci-Tech Innovation Board had 14, the Growth Enterprise Market had 18, and the Beijing Stock Exchange had 3 stocks reaching new highs [1] Group 2: Lithium Battery Industry - The lithium battery industry is benefiting from favorable policies, such as the recent guidelines from the National Energy Administration promoting large-scale development and high-level consumption of new energy [2] - In Q3, China's energy storage lithium battery shipments reached 165 GWh, a year-on-year increase of 65% [2] - The supply-demand situation is improving, with some products experiencing supply tightness, while demand for energy storage and power batteries is exceeding expectations [2] Group 3: Price Movements - Prices for lithium hexafluorophosphate have surged, with some market quotes reaching 150,000 yuan per ton, doubling since mid-October [3] - The prices of electrolyte additives VC and FEC have also increased significantly, with VC rising 77% from 48,700 yuan per ton in early June to 86,000 yuan per ton by November 12 [3] - FEC prices increased by 64%, from 33,000 yuan per ton at the end of May to 54,000 yuan per ton by November 12 [3] Group 4: Trading Volume - The stocks with the highest trading volumes this week included TBEA, Shannon Chip, Jiangbolong, Demingli, and Canadian Solar, with trading volumes of 57.22 billion yuan, 52.65 billion yuan, 35.35 billion yuan, 27.33 billion yuan, and 25.20 billion yuan respectively [3] Group 5: Market Capitalization - Among the 83 stocks, six had a market capitalization exceeding 100 billion yuan, with Agricultural Bank of China, Industrial and Commercial Bank of China, Baofeng Energy, Jiangbolong, and TBEA leading the list with market caps of 29,748.56 billion yuan, 29,403.52 billion yuan, 1,421.21 billion yuan, 1,220.01 billion yuan, and 1,195.49 billion yuan respectively [5] Group 6: Stock Price Increases - The stocks with the highest price increases this week included Huasheng Lithium Battery, Haike New Source, Furui Shares, Online and Offline, and Yuegui Shares, with increases of 79.61%, 71.38%, 61.23%, 46.55%, and 36.45% respectively [6]

Core Insights - The new energy concept stocks continue to strengthen, with the power equipment sector seeing significant gains, and the total market capitalization of leading companies exceeding 100 billion [1] - The lithium battery industry chain has experienced a collective surge, closely related to favorable policies and improved supply-demand dynamics [2] Group 1: Market Performance - In the week of November 10 to 14, 83 stocks reached historical highs, a decrease from 94 the previous week [1] - Among the 83 stocks, 17 belong to the power equipment sector, 11 to basic chemicals, and 11 to electronics [1] - The main board had 48 stocks reaching new highs, while the Sci-Tech Innovation Board had 14, the Growth Enterprise Market had 18, and the Beijing Stock Exchange had 3 [1] Group 2: Lithium Battery Sector - The surge in the lithium battery industry is attributed to favorable policies and a positive supply-demand outlook [2] - The National Energy Administration recently released guidelines to promote large-scale development and high-level consumption of new energy, with energy storage identified as a key area [2] - In Q3, China's energy storage lithium battery shipments reached 165 GWh, a year-on-year increase of 65% [2] Group 3: Price Movements - Prices for lithium hexafluorophosphate have surged, with some market quotes reaching 150,000 yuan/ton, doubling since mid-October [3] - The mainstream price of VC (vinylene carbonate) has rebounded by 77% from 48,700 yuan/ton in early June to 86,000 yuan/ton by November 12 [3] - FEC (fluoroethylene carbonate) prices have increased by 64%, from 33,000 yuan/ton at the end of May to 54,000 yuan/ton by November 12 [3] Group 4: Trading Volume and Stock Highlights - The top trading volumes among the 83 stocks included TBEA, Shannon Chip, Jiangbolong, Demingli, and Canadian Solar, with respective volumes of 57.22 billion, 52.65 billion, 35.35 billion, 27.33 billion, and 25.20 billion [3] - Stocks such as Huasheng Lithium Battery, Haike New Source, and Furi Shares saw significant weekly gains of 79.61%, 71.38%, and 61.23% respectively [6] Group 5: Market Capitalization - Among the 83 stocks, six have a market capitalization exceeding 100 billion, with Agricultural Bank of China and Industrial and Commercial Bank of China leading at 29,748.56 billion and 29,403.52 billion respectively [5]

11月15日，中国证监会官网显示，宇树科技IPO上市辅导工作完成。公告显示，宇树科技拟申请在境内 IPO，中信证券为辅导机构。 今年7月7日，中信证券与宇树科技签署了辅导协议。经辅导，中信证券认为，辅导对象具备成为上市公 司应有的公司治理结构、会计基础工作、内部控制制度，充分了解多层次资本市场各板块的特点和属 性；辅导对象及其董事、高级管理人员、持有百分之五以上股份的股东和实际控制人(或其法定代表人) 已全面掌握发行上市、规范运作等方面的法律法规和规则、知悉信息披露和履行承诺等方面的责任和义 务，树立了进入证券市场的诚信意识、自律意识和法治意识。 辅导期开始时，公司募集资金投向方案尚未最终确定。辅导工作小组会同公司管理层结合行业发展趋 势、自身竞争优势、未来发展规划，协助公司研究确定并完善了募集资金投资项目计划，确保投资项目 符合公司未来发展所需。 今年10月，天眼查信息显示，宇树科技公司名称已由"杭州宇树科技股份有限公司"变更为"宇树科技股 份有限公司"，王兴兴由执行公司事务的董事变更为董事长。宇树科技曾表示，公司预计将于10月至12 月期间向证券交易所提交上市申请文件。 目前已有多家头部具身智能机器人企业 ...

Core Viewpoint - The "China Galaxy Securities · China Securities Journal Private Equity Industry Starry Navigation Plan" aims to empower private equity firms that excel in professional capabilities, technological innovation, and compliance governance, fostering an efficient industry ecosystem that connects technology, capital, and the real economy [1] Group 1: Strategic Transformation Driven by Technology - Zenlong Asset, established in 2014, initially gained recognition in fixed income investment and has since expanded into stock and quantitative strategies, managing approximately 7.5 billion yuan [2] - The firm focuses on hard technology sectors such as semiconductors, high-end manufacturing, and AI, with a systematic approach to technology investment through dedicated funds and strategies [2] - The transition to quantitative strategies is driven by the team's technological background and aligns with national economic transformation and policy support for the tech manufacturing sector [2] Group 2: Integration of Social Responsibility - Zenlong Asset incorporates social responsibility into its business model, creating a unique "investment-empowerment-feedback" closed-loop system [3] - The firm enhances the efficiency of capital use for tech companies through financial investment and deep technical collaboration, exploring partnerships with AI firms for model optimization and data application [3] - The company has proactively engaged in educational equity and mental health initiatives, establishing programs that provide professional training for teachers in under-resourced areas and psychological support for students [4] Group 3: Future Outlook and Collaboration - Zenlong Asset anticipates significant advancements in investment strategies through collaboration with AI technology firms, enhancing the intelligence of quantitative models and data processing [5] - The firm is expanding its collaboration with brokerage institutions, recognizing their role in supporting the scalable development of quantitative strategies [6] - The company aims for its quantitative and stock products to constitute over 50% of its total scale within three years, reinforcing its influence in the technology finance sector [6]

"北交所成立四年来，为我国资本市场的健康、稳健和持续发展起到了连接枢纽的关键作用。"在北交所 开市四周年之际，清华大学五道口金融学院副院长、金融学讲席教授张晓燕接受中国证券报记者专访。 她表示，北交所的独特价值在于服务创新型中小企业，近年来北交所在服务中小企业创新发展、特别是 赋能科技创新企业方面取得了积极成效。 在北交所的推动下，北交所上市公司的研发投入持续加码，已连续三年实现增长。2024年，北交所上市 公司的研发投入合计超过91亿元，到当年年末累计拥有的发明专利数量接近7000项。 差异化不是降低标准，而是适配需求。张晓燕强调，"北交所高质量扩容"与"提升上市公司质量"相辅相 成、辩证统一，"从监管与制度层面而言，北交所应聚焦专精特新属性，建立相应的多维度上市标准， 从源头确保新增上市公司具备创新成色与发展潜力。从上市公司层面而言，质量提升的关键在于夯实公 司治理和提高投资价值。应支持上市公司做精做深，强化关键少数责任，提升信息披露质量。还应督促 上市公司建立尊重、回馈投资者的股权文化，鼓励建立明确、稳定的分红政策，使投资者能真正分享企 业成长的收益。只有这样，才能在扩大市场规模的同时，实现企业价值、市 ...

五年栉风沐雨，五年砥砺前行。 作为国内首家合资理财公司，汇华理财在上海这片金融沃土上，承载着中法两大金融集团的智慧与资 源，历经市场波动与行业转型，走出了一条独具特色的发展之路。 在"全球视野下的财富管理"主题论坛暨汇华理财五周年庆祝活动上，汇华理财总经理王茜以"三乘三"九 个关键词凝练过往、锚定当下、擘画未来——用"华丽开场、风云变幻、破茧蜕变"回顾五年淬炼， 以"全球配置、多元增强、专业立身"立足行业当下，以"国际视野、创新领先、行稳致远"展望下一段征 程。 对于下一个五年，王茜明确表示，汇华理财不将规模的快速扩张作为核心目标，而是追求"行稳致远"： 市场环境不佳时坚持保守策略，拒绝盲目扩张；机遇来临时聚焦收益提升，以客户口碑驱动规模自然增 长。 为应对市场变化，汇华理财果断转型。 "去年，我们推出自上而下的绝对收益投资框架、全新一代产品体系，开启多元化发展，公司走出了修 复的趋势，实现'破茧蜕变'。"王茜介绍，2025年公司资产管理规模成功翻倍，产品收益大幅提升，包 含固收+在内的新产品系列达标率直逼满分。如今，产品币种已从单一人民币扩展至人民币、美元、欧 元、港币，"时间朋友""财富灯塔""趋势指南" ...

Core Insights - Institutional investors have intensified their research on listed companies following the third quarter earnings reports, with nearly 770 companies receiving attention in November alone [1][2] - Luxshare Precision has emerged as the most favored company among institutions, receiving 222 institutional visits, while other notable companies include BeiGene, Huichuan Technology, and Anji Technology [2] - The electronics and machinery sectors are the primary focus for institutional research, with expectations of structural opportunities driven by AI in the semiconductor industry and a prosperous outlook for machinery equipment [1][6] Company Insights - Luxshare Precision's core competencies in the electrical connection field are highlighted, focusing on the team's deep understanding of system architecture and the ability to quickly adapt to new business opportunities [2] - BeiGene has received 202 institutional visits, with discussions centered on the competitive landscape of CDK4 [2] - Tonghui Electronics, a North Exchange listed company, has attracted 48 institutional visits, with a focus on maintaining revenue and profit growth and the direction of power semiconductor testing demand [3] Market Performance - Over half of the nearly 770 companies that received institutional research in November have seen positive stock performance, despite the overall high volatility in the A-share market [4] - Huasheng Lithium Battery has experienced a significant stock increase of nearly 190% in November, driven by demand in the lithium battery additive sector [4] - Other companies like Fuxiang Pharmaceutical and Yingfang Software have also shown remarkable stock performance, with increases exceeding 80% and 40% respectively [4] Industry Trends - The electronics sector remains a favorite among institutions, with 92 companies receiving attention, alongside the machinery equipment sector [6] - Analysts predict that the semiconductor industry will experience structural opportunities characterized by capacity expansion and supply chain security, particularly in advanced processes and packaging [6][7] - The machinery equipment sector is expected to thrive, with investment strategies focusing on new technologies and beneficiaries of interest rate cuts and manufacturing capacity shifts [7]

但对于是否已查明本次事件的具体原因、后续若出现类似情况将如何处理等问题，该负责人均未正面回 复。 某国有银行金融科技领域相关负责人向记者表示，顾女士存单无法支取，可能与生僻字关系不大，毕竟 顾女士当年开立的其他存单都可正常支取，唯独两笔存单找不到存根。可能主要还是银行系统出了问 题，在数据录入、系统更新或迁移过程中造成了信息缺失。 记者查询相关法律条文了解到，根据2015年修正的《中华人民共和国商业银行法》第三十三条：商业银 行应当保证存款本金和利息的支付，不得拖延、拒绝支付存款本金和利息。 近日，"女子在银行存款近30年无法取出"登上热搜。据媒体此前报道，上海市民顾女士在1997年开立了 建设银行（住房）储蓄存单，今年6月前去兑付，却被告知有两张存单因查不到底根，暂时无法兑现。 建行工作人员称，需查找当年的存根，并排查相关原因。但顾女士等待数月无果。她向媒体投诉时说， 当年建行系统里没有其身份证姓名中的"珮"字，工作人员就打了单人旁的"佩"再手动修改并盖章，可能 是这个环节出了问题。但让顾女士疑惑的是，她在建行同期存入的其他存单均可正常支取，只有这两张 不行。 在中国证券报·中证金牛座记者多次致电建行上海黄 ...