Core Viewpoint - The company plans to issue a second phase of medium-term notes in 2025 with a total amount of RMB 2 billion, aimed at repaying loans from foreign financial institutions [1] Group 1 - The company intends to issue medium-term notes in China with a principal amount of RMB 2 billion [1] - The first type of notes will have a maturity of three years, while the second type will have a maturity of five years [1] - The funds raised from the issuance will be used entirely for repaying loans from overseas financial institutions [1]

Core Viewpoint - Beikong Water Group has submitted an application to the China Interbank Market Dealers Association for a unified registration quota of RMB 15 billion for various debt financing instruments, which was approved in June 2025, allowing for timely issuance [1] Group 1 - The company plans to issue RMB 2 billion of medium-term notes for the second phase of 2025, with a three-year term for one type and a five-year term for another type [1] - The funds raised from the second phase of medium-term notes will be used entirely to repay loans from foreign financial institutions [1] - Any ambiguities regarding the principal amount, term, interest rate, and use of proceeds from the issuance of the second phase of medium-term notes will be clarified in the prospectus published at the time of issuance [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 公告 發行2025年度第二期中期票據 及 按上市規則第13.18條規定作出之一般披露 本公告乃遵照香港聯合交易所有限公司之證券上市規則(「上市規則」)第13.18 條之披露規定而發表。 發行2025年度第二期中期票據 本公司董事會謹此公佈，本公司已向中國銀行間市場交易商協會提交申請統一 註冊額度為人民幣150億元的多品種債務融資工具及於二零二五年六月獲得批 准，可適時發行。 本公司擬於中華人民共和國境內發行2025年度第二期本金額為人民幣20億元的 中期票據（「2025年度第二期中期票據」），其中品種一期限為三年，品種二 期限為五年。本公司擬將2025年度第二期中期票據募集資金全部用於償還境外 金融機構借款的用途。 如有任何歧義，則2025年度第二期中期票據之本金額、年期、利率、發行2025 年度第二期中期票據募集所得資金用途及其他重要資料，須以2025年度第二期 中期票據發行時刊發之募集說明書所載者為 ...

Core Viewpoint - MSCI announced changes to the MSCI China Index, adding 26 stocks and removing 20, effective after market close on November 24 [1] Group 1: Changes in Index Constituents - Nine new stocks listed in Hong Kong include China Gold International (02099.HK), Zijin Mining International (02259.HK), UBTECH Robotics (09880.HK), Ganfeng Lithium (01772.HK), Dongfeng Motor Group (00489.HK), Crystal International (02228.HK), China Nonferrous Mining (01258.HK), Rongchang Biopharma (09995.HK), and GF Securities (01776.HK) [1] - Four stocks removed from the index include China Everbright Bank (06818.HK), Beijing Enterprises Water Group (00371.HK), AVIC Trust (00696.HK), and China Resources Pharmaceutical (03320.HK) [1] Group 2: Impact on Stock Weights - The adjustment will affect the free float factors of 19 companies and the number of shares for 142 companies, leading to changes in index weightings [1] - New entrants like China Gold International, Zijin Mining International, UBTECH Robotics, and Ganfeng Lithium will see their weights increase, while Tencent (00700.HK), Alibaba-W (09988.HK), Kuaishou-W (01024.HK), and China Everbright Bank will experience the largest declines in weight [2] Group 3: Predicted Fund Flows - Expected inflows for stocks with increased weights include: - China Gold International (02099.HK): +0.129%, inflow of $187 million - Zijin Mining International (02259.HK): +0.12%, inflow of $173 million - UBTECH Robotics (09880.HK): +0.116%, inflow of $167 million - Ganfeng Lithium (01772.HK): +0.093%, inflow of $134 million - Dongfeng Motor Group (00489.HK): +0.092%, inflow of $133.6 million [2] - Expected outflows for stocks with decreased weights include: - Tencent (00700.HK): -0.231%, outflow of $334 million - Alibaba-W (09988.HK): -0.137%, outflow of $198 million - Kuaishou-W (01024.HK): -0.061%, outflow of $88.1 million - China Everbright Bank (06818.HK): -0.047%, outflow of $68.1 million [2][3]

Core Insights - MSCI announced changes to its indices on November 6, including the addition of 26 new stocks to the MSCI China Index and 17 new stocks to the MSCI China A-Share Index, effective after the market close on November 24, 2025 [1][4] - The MSCI China Index will remove 20 stocks, while the MSCI China A-Share Index will remove 16 stocks [1][4] MSCI China Index Changes - New additions to the MSCI China Index include Zijin Mining International (02259), Ganfeng Lithium (01772), and Chipone Technology (688469.SH) among others [1] - Stocks removed from the MSCI China Index include Kaixin Network (002517), Changying Precision (300115), and InvoCare (002837) [1][2] MSCI China A-Share Index Changes - The MSCI China A-Share Index will add companies such as Qianli Technology (601777.SH), Dongyangguang (600673.SH), and Changchuan Technology (300604.SZ) [4][6] - Companies removed from the MSCI China A-Share Index include Zhongzhijian (600038.SH), Dong'a Ejiao (000423.SZ), and Guangdian Yuntong (002152.SZ) [4][6] Global Index Changes - The MSCI Global Standard Index (ACWI) will add 69 stocks and remove 64 stocks, with notable additions including CoreWeave, Nebius Group, and Insmed [6] - In the MSCI Emerging Markets Index, significant new additions include Barito Renewables Energy, Zijin Mining International, and Guangfa Securities [6]

Core Viewpoint - The environmental protection industry in China has seen significant growth and investment, driven by government support and increasing public awareness of environmental issues. The industry is expected to continue expanding, with substantial revenue growth projected for the coming years [1][5]. Environmental Industry Investment - In the early 1980s, annual investment in environmental pollution control in China was between 2.5 billion to 3 billion yuan, which increased to over 10 billion yuan by the late 1980s. By 2022, the total investment reached 901.35 billion yuan, a 6.7-fold increase compared to 2001, with an average annual growth rate of 10.2%. The investment is projected to grow to 1,007.35 billion yuan in 2024, an increase of 53.59 billion yuan from 2023 [1][5]. Environmental Industry Revenue - The revenue of China's environmental protection industry is expected to grow from 760 billion yuan in 2014 to 2,317.3 billion yuan in 2024. The industry has maintained an annual revenue scale of over 2 trillion yuan in recent years [1][5]. Industry Classification - The environmental protection industry can be classified into three main categories: efficient energy-saving industries, advanced environmental protection industries, and resource recycling industries. It primarily addresses air pollution control, water treatment, solid waste management, and noise control [3][4]. Industry Development Environment - The Chinese government supports the environmental protection industry through various policies, legal frameworks, and financial assistance. Key policies include plans for waste classification and treatment facilities, carbon emission accounting for sewage treatment plants, and standards for air pollutant emissions in the coking chemical industry [8]. Competitive Landscape - The environmental protection industry in China is characterized by increasing specialization, intensification, and branding. Major state-owned enterprises dominate the market, leveraging their financial strength and technological capabilities. Key players include China Everbright Environment, Beijing Enterprises Water Group, and others, with a significant presence in provinces like Zhejiang, Anhui, Guangdong, and Beijing [9][10]. Industry Development Trends - The environmental protection industry is undergoing a transformation, shifting from "incremental expansion" to "stock optimization," and evolving from single governance to resource utilization and smart solutions. The market demand for environmental governance continues to grow, driven by heightened awareness and regulatory requirements [11][12].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北控水務集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00371 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 15,000,000,000 | HKD | | 0.1 | HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 15,000,000,000 | HKD | | 0.1 | HKD | | 1,500,000,0 ...

北控水务集团(00371)公布，公司执行董事李力先生，现同时为公司执行总裁，调任为集团首席专家， 自2025年10月24日起生效。 ...

Group 1 - The company announced the appointment of Li Li as the Group Chief Expert, effective from October 24, 2025 [1] - Li Li is currently serving as the Executive Director and Executive President of the company [1] - This change in leadership is part of the company's strategic adjustments [1]

智通财经APP讯，北控水务集团(00371)公布，公司执行董事李力先生，现同时为公司执行总裁，调任为 集团首席专家，自2025年10月24日起生效。 ...