Group 1 - The article emphasizes the importance of investor education and awareness regarding market risks [1][3][4] - It provides contact information for various educational bases across different regions in China, indicating a commitment to investor support [1] - The content is aimed at enhancing knowledge about investment risks and does not constitute specific investment advice [3][4]

Core Viewpoint - The successful issuance of two bonds by Huishang Bank demonstrates the bank's strong market position and effective capital management, contributing to its growth and recognition in the financial sector [2][3][4]. Group 1: Bond Issuance Details - The first bond, "25 Huishang Bank Tier 2 Capital Bond 01," was issued with a scale of 10 billion yuan and a coupon rate of 2.38%, achieving a subscription multiple of 2.6 times [2]. - The second bond, "25 Huishang Bank Micro and Small Enterprise Loan Special Financial Bond," also had a scale of 10 billion yuan, with a coupon rate of 1.87% and a subscription multiple of 2.7 times [2]. - Both bonds received enthusiastic subscriptions from investors, indicating strong market demand [2][3]. Group 2: Strategic Importance - The successful issuance of these bonds effectively supplements the issuer's capital and broadens Huishang Bank's long-term capital replenishment channels [3][4]. - The bond issuance supports Huishang Bank's initiatives in local economic service and small and medium-sized enterprise support, aligning with its market positioning [2][4]. - The completion of the 40 billion yuan issuance plan for the year marks a significant achievement for Huishang Bank and strengthens its partnership with Shenwan Hongyuan Securities [4].

Core Viewpoint - Guoxia Technology Co., Ltd. successfully went public on the Hong Kong Stock Exchange on December 16, 2025, with an initial share price of HKD 20.10 and a base issuance scale of HKD 680 million [1][3]. Group 1: Company Overview - Guoxia Technology is a provider of renewable energy solutions and products in China's energy storage industry, focusing on research and development of energy storage system solutions for various applications, including large power sources, power grids, commercial, and residential sectors [3]. - The company is recognized as one of the early participants in integrating energy storage solutions with internet cloud technology and developing a digital energy management platform [3]. - Guoxia Technology ranks as the 10th largest energy storage system supplier globally based on new installed capacity in 2024 and the 8th largest in China [3]. Group 2: Investment and Market Position - The IPO involved three cornerstone investors, accounting for approximately 11% of the shares offered [3]. - Shenwan Hongyuan Securities (Hong Kong) acted as the joint bookrunner and lead manager for the IPO, emphasizing its professional approach and market experience to support the company's listing [3].

Group 1 - No new stocks or bonds are listed today [1]

Group 1 - The article emphasizes the importance of investor education and the need for independent judgment in investment decisions [3][8] - It highlights that the information provided is aimed at educating investors about risks and business knowledge, rather than serving as direct investment advice [3][8] - The content aims to ensure accuracy and reliability but does not guarantee completeness or accountability for any losses incurred from the use of the information [8]

近年来，申万宏源深度践行ESG理念，MSCI评级连续四年提升至A级，标普CSA评分大幅提升， 中证、万得、国证等国内ESG评级均位于行业第一梯队。公司9次获深交所信息披露考核最高等级A 级，多次入选中国上市公司协会"董事会最佳实践""可持续发展最佳实践""乡村振兴最佳实践"等奖 项。近期，申万宏源还荣获了中国证券报ESG金牛奖百强、复旦大学、上海市市场学会等机构颁发 的"价值共创"可持续金融产品奖项，体现了国内国际评级机构、监管部门、学术机构、媒体等对公司 可持续发展成果的高度认可。 未来，申万宏源将始终秉承"专业服务 创造价值"的使命与愿景，在绿色金融、低碳运营、投资 者教育、客户权益保护、员工福利、合规治理与风险管理等领域持续发力，以实际行动扎实推动可持 续、高质量发展，努力承担头部证券公司与投资机构的使命和责任，将发展成果与全体投资者共享， 为共建美丽中国、建设美好社会贡献"申万宏源力量"。 关关于于主主办办方方 绿发信评是在中国人民银行备案的专业评级机构，致力于通过规范化、市场化的评级，推动各方履行 ESG责任，引导投资者开展ESG价值投资。绿发信评积极响应国家"十五五"规划关于绿色低碳发展与 全面转 ...

Group 1 - The article emphasizes the importance of investor education and the need for independent judgment in investment decisions [3][8] - It highlights that the information provided is aimed at educating investors about risks and business knowledge, rather than serving as direct investment advice [3][8] - The content aims to ensure accuracy and reliability but does not guarantee completeness or assume responsibility for any losses incurred from the use of the information [8]

日前，申万宏源凭借在环境（E）、社会（S）和公司治理（G）领域的综合表现获评海 南绿色发展信用评级有限公司（以下简称"绿发信评"）ESG评级AA级，在国内市值千亿以上 的11家上市券商中排名并列第二。 时间宏源 SHENWAN HONGYUAN 申万宏源获评 绿发信评ESG评级 s 根据绿发信评公布的评级结果，申万宏源在社会（S）维度处于行业领先。公司在响应国 家政策、公益慈善、客户权益保障、员工福利、供应链管理等方面均获得较高评分。 近年来，申万宏源深度践行ESG理念，MSCI评级连续四年提升至A级，标普CSA评分大幅 提升，中证、万得、国证等国内ESG评级均位于行业第一梯队。公司9次获深交所信息披露考核 最高等级A级，多次入选中国上市公司协会"董事会最佳实践""可持续发展最佳实践""乡村振兴 最佳实践"等奖项。近期，申万宏源还荣获了中国证券报ESG金牛奖百强、复旦大学、上海市市 场学会等机构颁发的"价值共创"可持续金融产品奖项，体现了国内国际评级机构、监管部门、 学术机构、媒体等对公司可持续发展成果的高度认可。 未来，申万宏源将始终秉承"专业服务 创造价值"的使命与愿景，在绿色金融、低碳运营、 投资者教育 ...

Group 1 - The core point of the article highlights the issuance and industry price-earnings ratios for Jiangtian Technology, with an issuance price of 21.21 yuan and an industry P/E ratio of 14.5, while the issuance P/E ratio stands at 48.66 [1] Group 2 - The maximum subscription limit for investors is set at 59,460 shares [1] - There are no new bonds issued today [1]

免责声明 本内容最终解释权归申万宏源证券有限公司所有。 202 5 年 12 月 9 日，申万宏源证券助力上海银行股份有限公司 2025年无固定期限资 本债券 成功发行， 本 次 永续债发行规模为人民币 100亿元，期限5+N年，发行利率为 2.42%，全场认购倍数2.53倍。 上海银行 作为 国内 20家系统重要性银行之一，以"精品银行"为战略愿景，秉 持"精诚至上，信义立行"的核心价值观，围绕高质量可持续发展目标，将数字化作为创 新驱动、提升能级的核心力量，加快转型发展，努力实现新的质变。本次为上海银行首 次发行永续债，是上海银行积极贯彻落实国家金融政策、持续优化资本结构、增强服务 实体经济长期动能的重要战略举措。 近年来 ， 申万宏源证券与上海银行建立了良好的合作关系，本次债券的成功发行 彰显了我司强大的资本市场销售实力，申万宏源 各 部门积极协调配合，得到了发行人 的高度评价和充分认可 。 未来，申万宏源将继续以服务国家战略、服务实体经济为主 线，深耕重点地区和核心客户，推动区域经济高质量发展，践行金融央企责任担当。 ...