Core Viewpoint - The forum highlighted the importance of adapting to the new economic cycle characterized by high volatility and rebalancing, emphasizing the role of technology and geopolitical factors in reshaping industry dynamics [4]. Group 1: Economic Outlook and Strategic Layout - The global economy is entering a new cycle of "high volatility and rebalancing," with rising expectations for interest rate cuts by the Federal Reserve [4]. - Domestic economic recovery is steady, and new productive forces are accelerating growth [4]. - There is significant potential for increasing the equity allocation in Chinese residents' asset configurations, and the company aims to assist investors in seizing investment opportunities arising from industrial transformation and technological revolutions [4]. Group 2: ETF Development - The Chinese ETF market has surpassed 5 trillion yuan, entering a new phase of diversified tools and mature ecosystems [6]. - The company plans to collaborate with various stakeholders to promote product innovation, technological empowerment, and cross-border openness, aiming to build a higher quality and more sustainable ETF ecosystem [6]. Group 3: Services for Listed Companies - Listed companies are viewed as the "ballast" of the Chinese economy, actively responding to global industrial changes and technological breakthroughs [8]. - The company will leverage its comprehensive service system to provide full lifecycle services to listed companies, supporting the development of new productive forces and the construction of a new economic landscape [8]. Group 4: Quantitative Private Equity - The quantitative private equity industry is at a critical stage of "transformation and growth," with AI technology becoming a core driver for evolving quantitative strategies towards intelligence, multi-asset, and globalization [10]. - Expanding into overseas markets, particularly in Europe, the United States, and Hong Kong, is becoming a vital path for institutional development, although it presents challenges related to localization of strategies and compliance [10]. Group 5: Comprehensive Strength and Future Vision - The forum showcased the company's integrated capabilities in asset allocation, product innovation, and institutional services [12]. - The company is committed to supporting various investors through professional research, investment, and wealth management services, aligning with national strategies and contributing to the modernization of China [12].

Core Viewpoint - The article emphasizes the importance of rational investment and the need to adhere to official and compliant channels for financial activities [2][5]. Group 1 - The article highlights the significance of financial education, particularly targeting students during the September school season, with initiatives like the "College Student Financial Pitfall Checklist" [7]. - It promotes the establishment of a financial literacy base through various platforms, including WeChat and Douyin, to enhance public understanding of investment risks [9]. - The content aims to cultivate a discerning approach to financial management, encouraging individuals to develop a keen eye for investment opportunities [4].

Core Viewpoint - The article emphasizes the emergence of new opportunities in the wealth management industry, driven by the growth of ETFs and the evolving macroeconomic landscape, highlighting the importance of adapting to these changes for sustainable investment strategies [2][3][4]. Group 1: Market Trends - The global macroeconomic environment is entering a new cycle characterized by high volatility and rebalancing, influenced by factors such as the Federal Reserve's interest rate decisions, geopolitical dynamics reshaping supply chains, and the AI revolution sparking a new wave of technology investments [3]. - The domestic market is experiencing a recovery in the credit cycle and an abundance of remaining liquidity, leading to a "U-shaped" recovery in the A-share market [3]. Group 2: ETF Growth - The scale of ETFs in the market has exceeded 5 trillion, establishing them as a significant component of the investment landscape [4]. - The upcoming "2025 Shenwan Hongyuan Securities Wealth Management Forum" aims to explore the evolving wealth management needs of residents and the role of ETFs in asset allocation [4]. Group 3: Forum Agenda - The forum will feature discussions on the trends in China's financial wealth during the 14th Five-Year Plan, investment strategies for the A-share market, and the significance of broad-based ETFs for asset allocation [6][7]. - Afternoon sessions will focus on the ETF ecosystem, including practical experiences from overseas and collaborative strategies for mutual benefits within the ETF market [8][9].

Group 1 - The article provides a detailed guide for opening a securities account through the "Shenwan Hongyuan Dajiang" app, emphasizing the necessary steps and requirements for the process [7][8][39]. - It outlines the importance of identity verification, including uploading a valid ID and completing personal information forms [17][25][49]. - The article highlights the risk assessment process, where investors must fill out a questionnaire to determine their risk tolerance level before proceeding with account opening [29][34][36]. Group 2 - The app allows users to select their preferred branch for account opening, with options for nearby locations based on user input [14][15]. - It mentions the necessity of signing various agreements related to investment risks and account management before finalizing the account setup [45][46]. - The article concludes with a reminder for users to complete a feedback survey after submitting their account application to ensure successful activation [53][55].

免责声明 ● IT 7 7 J R LL - S the 资者教育基地 ETE X III 载记 拒绝"零风险、高回报"投资,小心踏进诈骗陷阱！ ITIDL -0 0 11/08/2019 11:41:20 10/2019 II DI 零风险 高回报 a P 20 投资有风险，入市需谨慎。本内容不构成任何投资建议，最终解释权归申万宏源证券有限公司所有。 ...

Core Viewpoint - The article emphasizes the importance of financial education and investor protection, highlighting a recent event aimed at educating investors about financial rights and responsibilities, particularly in the context of preventing illegal securities activities [1][3]. Group 1: Financial Education Initiatives - The event held on September 10 aimed to deliver professional financial knowledge to investors, aligning with the theme of "Protecting Financial Rights, Supporting a Better Life" during the financial education week [1]. - The focus was on "suitability," emphasizing the need for financial institutions to recommend appropriate products to suitable investors and the importance of investors participating in risk assessments to protect themselves from improper sales [1]. Group 2: Prevention of Illegal Securities Activities - The article discusses the rise of illegal activities such as stock recommendations, fake institutions, and off-market financing, providing practical tips for investors to avoid scams and emphasizing the importance of choosing licensed institutions [4]. - Real-life cases of stock recommendation scams were presented to illustrate the dangers of these illegal activities, reinforcing the need for vigilance among investors [4]. Group 3: Support for New Investors - A segment of the event was dedicated to educating new investors about the regulatory framework, trading rules, and risk characteristics of the securities market, helping them understand the market better [6]. - Feedback from new investors indicated that the insights gained during the event significantly improved their confidence in navigating market fluctuations [6]. Group 4: Advocacy for Rational Investment - The event underscored the significance of rational and value-based investing, guiding investors on how to effectively protect their legal rights through official channels when necessary [7]. - Encouragement was given for investors to become mature and rational market participants, contributing to a healthier investment ecosystem [7]. Group 5: Community Engagement and Future Plans - The atmosphere of the event was interactive, with participants engaging in discussions about market trends and investment challenges, highlighting the need for ongoing financial education [9]. - The company plans to continue innovating and enriching investor education efforts to ensure that financial knowledge reaches more individuals, thereby safeguarding investor rights and supporting their aspirations for a better life [9].

Core Viewpoint - The AI computing hardware sector has regained momentum, with major indices like the Science and Technology Innovation 50 and the ChiNext Index rising over 5% following a significant increase in Oracle's stock price [1][4]. Market Overview - After a brief correction, the A-share market has returned to an upward trend, with technology hardware once again leading the market [1]. - The market experienced a pullback in early September due to profit-taking after breaking the 3731-point high, but this is seen as a normal phase in a slow bull market [2]. Future Outlook - The market is expected to regain upward momentum in mid-September after the fluctuations in early September, which were attributed to profit-taking and performance divergence among sectors [2]. - The Shanghai Composite Index has surpassed its previous high, indicating potential for other indices like the CSI 300 and ChiNext to catch up [2]. Hot Sectors - The technology sector may experience internal differentiation in September, with lagging sectors such as robotics, new energy, and military industries likely to see a rebound [3]. - Key trends include: 1. The continued domestic adoption of robotics, with potential updates to Tesla's humanoid robot acting as a catalyst [3]. 2. The ongoing trend of semiconductor localization, focusing on equipment, wafer manufacturing, materials, and IC design [3]. 3. Expectations of order recovery in the military sector by 2025, with signs of bottoming out in performance [3]. 4. The innovative drug sector is anticipated to reach a turning point in fundamentals by 2025 after several years of adjustment [3]. 5. The banking sector is seeing a recovery in mid-year performance growth, attracting long-term institutional investors due to appealing dividend yields [3]. Market Performance - The market has returned to an upward trend, with technology hardware leading the gains, and trading volume exceeding 2.4 trillion [4][5]. - A broad-based rally was observed, with over 4200 stocks rising, while sectors like textiles, oil, and pharmaceuticals lagged behind [5].

重 要 通 知 信用账户科创板科创 成长 层 交易权限开通指南 科创板科创成长层 科创板科创成长层即将上线。投资者开通信用账户科创板科创成长层交易权限需 要什么条件和流程呢？别急，往下看！ 交易权限开通条件 01 信用账户科创板科创成长层交易权限开通条件：除需符合融资融券客户准入标准 外，还应符合—— （1）普通账户科创板科创成长层资质审核通过并开通(或准予开通)。 （2）信用账户科创板（不含成长层）交易权限已开通。 （3）签署确认包含科创板科创成长层融资融券交易风险揭示条款的《融资融券交 易风险揭示书》。 交易权限开通流程 02 （一）申万宏源证券大赢家/申财有道手机APP线上申请开通流程： （1）一站式申请开通信用账户科创板（不含成长层）权限、科创成长层权限 通过普通资金账号、信用资金账号登录，菜单：【业务办理】-【科创板业务】。 选择信用账户，申请开通，系统将显示《融资融券交易风险揭示书》，需阅读15 秒以上，确认后，完成信用账户科创板（不含成长层）权限、科创成长层权限申 请。 < 8 业务办理首页 热门业务 账户管理 密码服务 权限开通 理财 Q 输入功能名称 国 ■ 休眠证券账户激活 密码服务 户 ...

Group 1 - The core viewpoint of the article highlights the issuance price and market performance of the company Miao You Sheng Co., Ltd. (stock code: 732418) [1] - The issuance price is set at 46.36 yuan, with an industry price-earnings ratio of 22.31 and a broader market price-earnings ratio of 29.08 [1] - The maximum subscription limit for investors is 15,000 shares [1]

20725 甲万宏源证券财富管理论坛 《庄子》曰:"鹏之徙于南冥也,水击三千里, 传扶摇而上者九万里。"今日之中国资产,正乘 全球化裂解与智能化崛起之"扶摇",以ETF为 翼,展云行龙镶之姿,欲横绝九万里长空。 世界百年变局加速演进,全球宏观正步入"高波 动、再平衡"的新周期:美联储降息路径扰动流 动性潮汐,地缘博弈重塑产业链版图,AI革命引 爆新一轮科技投资浪潮。国内,政策加力提效、 信用周期修复、剩余流动性宽裕,A股呈现"政策 U级MPP 1 / / 1/2/1/2/1 / 1/2/1/2 / 1/1/2/1/1 财富管理行业迎来了全新机遇。ETF场内规模超5 万亿,正在成为市场重要的组成部分。 随着资本市场改革深入推进,居民财富管理需求 日益多元。为此,申万宏源证券携手知名基金管 理人、研究专家与行业领袖,将于2025年9月12 日在广州举办"云行龙襄·九万里 -- 2025申万宏 源证券财富管理论坛",诚邀您的光临。 面对时代变局,申万宏源证券始终秉持"专业服 务,创造价值"的理念,愿以深厚的投研实力与 全面的财富管理服务,助您洞察先机、稳健前 行,在波澜壮阔的市场中行稳致远。 会议议程 9月12日 ...