当地时间11月3日，秘鲁外交部长乌戈·德泽拉宣布，由于墨西哥驻秘鲁大使馆向秘鲁前部长会议主席 （总理）查韦斯提供政治庇护，秘鲁已决定与墨西哥断绝外交关系。 德泽拉表示，查韦斯目前在墨西哥驻利马大使馆寻求庇护。 来源：央视新闻客户端 责编： 杨喻程 校 对： 王朝全 券商中国 × 券 中 社 扫码关注券商中国公众号 扫码下载 券 中 社 A P P quanshangcn 舞#t 券中社APP qzs.stcn.com 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 用 券中社 12 百万用户都在看 刚刚！两大利好，来袭！ 利好来了！猛增84%！ "特朗普"突袭！深夜，全线重挫！ 证监会、中基协，重磅发布！公募重要文件出炉！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com ...

聚焦核心议题，破解发展密码 2025年，是中国资本市场深化改革、提质增效的关键一年。新"国九条"指引下，"强本强基"与"严监严管"成 为构筑市场新生态的鲜明主线，"新质生产力"则绘制了未来产业与投资的清晰蓝图。刚刚结束的二十届四 中全会，更科学研判国际国内大局，为中国经济社会未来五年发展作出顶层设计和战略擘画。 在此背景下，上市公司应如何把握机遇、应对挑战，在高质量发展的航道上行稳致远？ 由新财富杂志社主办、广州南沙开发建设集团承办、广州南沙科技产业发展有限公司协办的"2025新财富 杂志上市公司可持续发展年会暨最佳董秘、港股最佳IR颁奖典礼"，将于11月12日在粤港澳大湾区的几何 中心——广州·南沙举办。 本次年会以"科技擎领 面向世界"为主题，邀请监管机构代表、各核心产业顶级智囊、上市公司高管、投 研机构负责人和新财富杂志最佳董秘、港股最佳IR等资本圈核心力量，深度聚焦人工智能、战略性新兴产 业、绿色发展等产业发展新议题，共同探寻新周期下的发展路径。 直面 未来 之问： 本次年会不仅是一场思想的盛宴，更是一次行动的指南。议程设置直击当前市场最关切的焦点。 政策与战略前瞻 年会将邀请知名首席经济学家，深度解 ...

Core Viewpoint - The company has decided to terminate its plan for a specific stock issuance for 2022 and withdraw the application, citing various internal and external factors as well as strategic goals [1]. Group 1: Termination of Stock Issuance - The company announced the termination of its stock issuance plan and the withdrawal of the application, which was initially aimed at raising up to 3 billion yuan for the capital increase of Maigao Securities [1]. - The decision was made after careful consideration of the company's internal and external environment and strategic objectives, with thorough communication among relevant parties [1]. Group 2: Purpose of Fundraising - The fundraising was intended to help Maigao Securities overcome historical operational difficulties and strengthen its capital base, which is crucial for risk management [1]. - The company aims to transform Maigao Securities into a well-known financial service provider driven by financial technology and characterized by wealth management [1]. Group 3: Business Integration and Future Prospects - The integration of Maigao Securities is expected to enhance the company's business layout and core competitiveness, with the securities business becoming a vital part of the company's operations [2]. - The latest fundraising plan indicated a target of up to 2.9 billion yuan, with specific allocations for wealth management, margin financing, investment banking, and technology development [2]. - Maigao Securities, previously known as Wangxin Securities, has shown positive financial performance, with significant growth in net profit and revenue in 2023 and 2024 [3].

Core Viewpoint - Recent statements from Federal Reserve officials indicate a strong signal towards potential interest rate cuts, with discussions around a possible 50 basis points reduction if economic data aligns with expectations [2][3][4]. Group 1: Federal Reserve Officials' Statements - Federal Reserve Governor Stephen Miran advocates for a more aggressive monetary policy, suggesting a 50 basis points cut if future economic data meets expectations [3]. - Miran believes the current monetary policy is overly restrictive and that the neutral policy rate is significantly lower than the current level [3]. - Federal Reserve Governor Lisa Cook supports the recent rate cut decision and is open to further reductions, although no decision has been made regarding December's potential cuts [4][6]. Group 2: Economic Data and Market Reactions - The ISM manufacturing PMI for October was reported at 48.7, below the expected 49.5, indicating a contraction in factory activity for the eighth consecutive month [10][11]. - The report highlighted that 12 manufacturing sectors experienced contraction, primarily in textiles, apparel, and furniture, while six sectors, including basic metals and transportation equipment, reported growth [11]. - The prices paid index dropped to 58, the lowest level since the beginning of the year, suggesting a decrease in inflationary pressures [11][12]. Group 3: Stock Market Performance - In the stock market, Amazon's stock surged nearly 6% after announcing a $38 billion deal with OpenAI, marking a new historical high [2][14]. - The S&P 500 index closed up 0.17%, while the Dow Jones Industrial Average fell by 0.48%, indicating a mixed performance among major indices [14][15]. - There are concerns about market breadth, as over 400 stocks declined despite the S&P 500 closing in the green, suggesting potential underlying weaknesses [16].

近日，公募基金2025年三季报披露完毕，按期末持股市值统计的前十大重仓股榜单再现结构性变化。 2010年~2020年，消费行业接过重仓接力棒，持仓结构调整与消费升级战略同频共振。2011年末，贵州茅台以 338.91亿元持股市值跻身榜单首位，此后多年位居榜单前三，成为消费时代的核心标杆。同期伊利股份、格力 电器等消费龙头也是公募基金"心头好"，持股市值多次进入榜单前五。这10年间，以贵州茅台、伊利股份为代 表的消费龙头展现出强劲而稳健的盈利增长，净利润年复合增速均超过20%。公募基金持续重仓消费板块，精 准把握了居民收入提升与消费升级的大趋势。 2020年至今，科技与高端制造成为重仓新主线，持仓方向清晰呼应了创新驱动发展与"双碳"战略的导向。2024 年末，宁德时代以1786.92亿元持股市值超越贵州茅台，成为公募第一重仓股，当年净利润增长15.01%，股价 涨幅达66.92%，新能源行业的产业优势全面凸显。2025年三季度末，这一趋势进一步强化，宁德时代持股市 值攀升至2071.04亿元，继续稳坐榜首，前三季度净利润增速提升至36.2%，股价年内上涨50.34%。同期，半导 体和通信标的中际旭创、新易盛新进 ...

Core Viewpoint - The article emphasizes the importance of financial support for the development of new productive forces, particularly through the enhancement of technology finance services, which is crucial for supporting technology-driven enterprises at various stages of their lifecycle [2][3]. Group 1: Technology Finance Development - The key to developing technology finance lies in improving comprehensive financial service levels that can support technology enterprises from inception to maturity [2]. - 中银证券 has established a comprehensive service system that provides precise financial support to technology enterprises, enhancing its competitive advantage in the technology finance sector [2]. Group 2: Investment Strategies and Fund Establishment - 中银证券 has launched the 中银科创母基金, which has exceeded 10 billion yuan in scale, aimed at nurturing patient capital for hard technology sectors [3]. - The fund employs a dual-track investment strategy, allocating 70% of its funds to technology sub-funds and 30% to direct investments in high-quality technology projects [3]. Group 3: Financing Solutions for Technology Enterprises - 中银证券 has effectively utilized its investment banking capabilities to create diverse financing channels for technology enterprises, addressing their financing challenges [5]. - In the first eight months of 2025, 中银证券 ranked second in equity underwriting and achieved significant milestones in issuing innovative bonds for technology-driven small and medium enterprises [6]. Group 4: Mergers and Acquisitions - 中银证券 has demonstrated strong performance in the mergers and acquisitions sector, successfully advising on the largest "A+H" merger in China's capital market, showcasing its expertise in complex transactions [7]. Group 5: Comprehensive Lifecycle Support - The collaboration between 中银证券 and 中国银行 is pivotal in providing full-cycle financial services to technology enterprises, exemplified by the support given to the biopharmaceutical company 药捷安康 [8]. - 中银证券 aims to continuously enhance its collaborative service system to better support technological innovation and industrial transformation [9].

Core Viewpoint - The article discusses the recent introduction of high-end seafood, specifically king crab, in the cafeteria of Nanjing University, which has sparked both praise and criticism among students and the public regarding the appropriateness of such high-priced items in a university setting [1][2]. Summary by Sections Introduction of High-End Seafood - Nanjing University cafeteria launched a "You Order, I Cook" initiative, leading to the availability of king crab priced at 999 yuan per piece, which is 4.2 pounds [1]. - The introduction of this item has generated significant discussion, with mixed reactions from students and online users about the suitability of offering such expensive dishes in a university cafeteria [1]. Clarification from Cafeteria Management - The cafeteria manager clarified that the king crab was not a special item due to student requests but part of a new seafood stall that opened on November 1 [1][2]. - The price of the king crab is reportedly lower than market rates, with positive feedback from students regarding the quality and taste of the seafood [1][2]. Other Seafood Options - In addition to the king crab, the seafood stall offers other items such as Boston lobster for 158 yuan and grouper for 68 yuan, along with more affordable options like oysters for 10 yuan each and sand shrimp for 40 yuan per pound [1]. - Various cooking methods are available for the seafood, including boiling, garlic, and pepper salt [1]. Student Reactions - Students expressed surprise and satisfaction with the quality of the seafood, stating that it rivals that of external restaurants [2]. - The cafeteria's management noted that the king crab is supplied daily, with a limit of one due to space constraints, but pre-orders are accepted [2]. Pricing and Sales - The cafeteria manager denied claims that the king crab is being sold at a loss, asserting that the 999 yuan price is standard and not a promotional discount [2]. - The sales of the king crab have been strong, with two already sold shortly after the launch and numerous inquiries for pre-orders [2].

11月3日，"中国人民银行上海总部"官方微信公众平台发布信息称，2025年10月，上海地区第二批6家银行 业金融机构顺利接入全国中小微企业资金流信用信息共享平台（下称"资金流信息平台"），包括4家外资银 行、1家农村商业银行和1家民营银行。 其中，汇丰银行（中国）有限公司、渣打银行（中国）有限公司、富邦华一银行有限公司、南洋商业银行（中 国）有限公司是全国首批接入资金流信息平台的外资法人银行。 据了解，资金流信息平台是中国人民银行完善中小微企业信用信息互联互通机制、探索银行资金流信用信息共 享应用、做好金融"五篇大文章"的重要金融基础设施。 此次，上述上海4家外资法人银行的加入，不仅扩大了平台覆盖范围，丰富了参与主体类型，更能拓宽平台服 务半径，为资金流信息平台支持经济高质量发展注入新动能。 目前，4家外资银行在资金流信息平台应用方面均作了充分规划，例如，汇丰银行（中国）将以"信贷白户""首 贷户"等中小微企业作为主要应用对象，借用平台资金流信息，验证业务真实性和规模，切实防范金融风险， 在此基础上为客户提供具有特色的金融支持。 责编： 杨喻程 排版：汪云鹏 校 对： 杨立林 百万用户都在看 A股，突发！"牛 ...

Core Viewpoint - The establishment of 法巴天星财险 marks the entry of a new player in the domestic property insurance market, expanding the total number of property insurance companies in China to 90 [2][3]. Group 1: Company Overview - 法巴天星财险 has received its insurance license from the Beijing Regulatory Bureau of the Financial Regulatory Administration, with its location in Beijing's financial district [2]. - The company will offer a range of insurance products, including motor vehicle insurance, property insurance for enterprises and households, liability insurance, marine and cargo insurance, short-term health and accident insurance, and reinsurance services [2]. - The company was officially unveiled at the 2025 Financial Street Forum on October 29, 2025, with its proposed chairman in attendance [2]. Group 2: Shareholders and Background - 法巴天星财险 was approved for establishment in October 2024, with shareholders including the French insurance giant, France Paris Insurance Group, Sichuan Yinmi Technology Co., Ltd., and Volkswagen Financial Services Overseas [3]. - France Paris Insurance Group has a long-standing presence in the Chinese market and aims to establish a dual presence in both property and life insurance sectors through this new venture [3]. - Sichuan Yinmi Technology, a member of Xiaomi Group, is fully owned by Beijing Xiaomi Electronic Software Technology Co., Ltd., which is controlled by Lei Jun [4]. Group 3: Market Position and Strategy - The new insurance company has garnered significant attention within the industry, particularly regarding its strategic focus and operational approach [4]. - There have been changes in the proposed management team during the establishment phase, indicating potential shifts in business strategy [4]. - The diverse backgrounds of the shareholders, combining both financial and manufacturing sectors, present challenges in communication and coordination for the management team [4].

Core Insights - The total scale of bond ETFs has officially surpassed 700 billion yuan, marking the sixth "billion" milestone achieved this year [1][2] - Over 70% of the current scale was added in 2025, with 32 out of 53 products launched this year, accounting for more than 60% [1] - The bond ETF market has seen a net inflow of approximately 4.23 billion yuan, contributing significantly to the overall ETF market's net inflow of around 9.8 billion yuan [5][7] Growth of Bond ETFs - As of November 3, the total scale of bond ETFs reached 700.44 billion yuan, having increased by 1 billion yuan since late September [2] - The bond ETF market has consistently broken through multiple thresholds since early 2025, with significant growth observed in the number of products and their individual scales [2][3] - The number of bond ETF products has increased to 53, with a total scale of 700.44 billion yuan, of which 520.58 billion yuan is new growth this year, representing 74.29% of the total [3] Product Performance - Among the 53 bond ETFs, 30 have surpassed 10 billion yuan in scale, with 9 exceeding 20 billion yuan [4] - The largest bond ETF is the short-term bond ETF from Hai Fu Tong Fund, exceeding 65 billion yuan, followed by several others with significant scales [4] - The variety of bond ETFs has expanded to include convertible bonds, government bonds, corporate bonds, and more, with a notable increase in the number of sci-tech bond ETFs launched recently [4] Market Trends - The continuous inflow of funds into bond ETFs indicates a strong market trend, with 45 out of 53 products experiencing net inflows this year [5][7] - The trend towards multi-asset ETFs with a focus on bonds is expected to grow, with companies likely to lead in this area due to their first-mover advantage [5][8] - The bond ETF market is compared to the rapid growth of stock ETFs a few years ago, suggesting a similar trajectory for future development [9] Future Outlook - There is a prevailing sentiment that the scale of bond ETFs could theoretically surpass that of stock ETFs, given the larger underlying asset base in the bond market [9][10] - Factors influencing this potential growth include the performance of actively managed bond funds and the management costs associated with bond ETFs [10]