Core Viewpoint - The acquisition of Yao Cai Securities by Ant Group has been approved by the Hong Kong Securities and Futures Commission, leading to a significant stock price increase of 34.52% for Yao Cai Securities despite a decline in the Hang Seng Index [1][2]. Group 1: Acquisition Details - On April 25, Yao Cai Securities announced that Shanghai Yunjin, a subsidiary of Ant Group, made a tender offer to acquire Yao Cai Securities at a price of HKD 3.28 per share, totaling approximately HKD 28.14 billion for about 50.55% of the shares [2]. - The acquisition is pending approval from the National Development and Reform Commission of China, with Yao Cai Securities actively communicating with the commission [3]. Group 2: Company Background and Services - Yao Cai Securities was founded in 1995 by Ye Maolin and offers services including stock trading, margin financing, securities custody, futures and options trading, and leveraged forex trading [4]. - The company is known for its low commission rates, having significantly reduced its commission from 0.25% to 0.05% after the government abolished the minimum commission system in 2003 [4]. Group 3: Future Prospects - The acquisition is expected to drive future business growth for Yao Cai Securities, facilitating its digital transformation and enhancing its operational capabilities [4]. - Ant Group expresses confidence in the long-term economic development of mainland China and Hong Kong, believing that the integration of technology and wealth management will create substantial market opportunities [4].

Group 1 - Ant Group's subsidiary plans to acquire a 50.55% stake in Yao Cai Securities at a premium of 17.6% over the last trading price, totaling approximately HKD 28.14 billion [1] - The acquisition will allow Ant Group to obtain multiple financial licenses from the Hong Kong Securities and Futures Commission, enhancing its capabilities in securities trading, futures consulting, and asset management [1] - Following the announcement, Yao Cai Securities' stock price surged by 34.52%, reaching a peak increase of 37.84% [1] Group 2 - The acquisition is seen as a strategic move for Ant Group to expand its international business and enhance its global wealth management services for over 3 million users in Hong Kong [2] - Other mainland companies, such as Yuexiu Group, are also pursuing financial licenses in Hong Kong, indicating a trend of mainland enterprises seeking to establish a presence in the Hong Kong financial market [3] - Dongguan Bank's Hong Kong subsidiary received a banking license and is set to commence operations, further exemplifying the trend of mainland institutions expanding into Hong Kong [4][5] Group 3 - The trend of mainland institutions acquiring financial licenses in Hong Kong is expected to accelerate, driven by the internationalization of the Renminbi and the financial development of the Guangdong-Hong Kong-Macao Greater Bay Area [5]

Market Overview - A-shares experienced a significant decline in the morning session but rebounded in the afternoon, with the Sci-Tech Innovation 50 Index showing strength [1] - The Shanghai Composite Index closed down 0.19% at 3889.5 points, the Shenzhen Component Index fell 0.93% to 13231.47 points, and the ChiNext Index decreased by 1.11% to 3078.76 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 23,745 billion yuan, a decrease of 1,600 billion yuan compared to the previous trading day [1] Sector Performance - Over 3,600 stocks in the market were in the red, with declines in sectors such as automotive, oil, liquor, and pharmaceuticals [1] - The rare earth sector saw a resurgence, with stocks like China Rare Earth and Northern Rare Earth hitting the daily limit [3][4] - The banking sector experienced gains, with China Construction Bank rising over 5% [1] - The semiconductor sector rebounded, with Huahong Semiconductor hitting the daily limit and SMIC rising nearly 7% [1][7] Rare Earth Sector - The rare earth sector exploded again, with stocks like Jiuling Technology rising nearly 27% and several others hitting the daily limit [3][4] - The Ministry of Commerce announced new export controls on rare earth-related items, expanding the scope to include technologies and equipment related to rare earth recycling [5] - Citic Securities indicated that the security of rare earth resources has become a core aspect of national security, suggesting a positive outlook for the rare earth industry [5] Semiconductor Sector - The semiconductor sector rebounded after a significant pullback, with stocks like Ruvi Optoelectronics and Huahong Semiconductor both hitting the daily limit [7][8] - The market is closely monitoring potential export controls from the U.S. on key software types, which could impact the semiconductor industry [8] Hong Kong Market - Yao Cai Securities surged nearly 40% during trading, closing up 34.5% with a trading volume of 2.06 billion HKD [10] - The stock received approval from the Hong Kong Securities and Futures Commission for an acquisition by Ant Group, which is currently in the process of completing necessary approvals [10]

Market Overview - A-shares experienced a significant decline in the morning session but rebounded in the afternoon, with the Sci-Tech Innovation 50 Index showing strength [1] - The Shanghai Composite Index closed down 0.19% at 3889.5 points, while the Shenzhen Component Index fell 0.93% to 13231.47 points, and the ChiNext Index dropped 1.11% to 3078.76 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 23,745 billion yuan, a decrease of 1,600 billion yuan from the previous trading day [1] Sector Performance - Over 3,600 stocks declined, with sectors such as automotive, oil, liquor, and pharmaceuticals experiencing losses [1] - The rare earth sector saw a resurgence, with stocks like China Rare Earth and Northern Rare Earth hitting the daily limit [2] - The banking sector rose, with China Construction Bank increasing by over 5% [1] - The semiconductor sector rebounded, with Huahong Semiconductor and other companies reaching their daily limits [1][6] Rare Earth Sector - The rare earth sector exploded, with stocks like Jiuling Technology rising nearly 27% and several others hitting the daily limit [2] - The Ministry of Commerce announced new export controls on rare earth-related items, expanding the scope to include technologies and equipment related to rare earth recycling [2] - Citic Securities indicated that the rare earth industry is expected to enter a new era of high-quality development, with prices likely to stabilize and improve [4] Semiconductor Sector - The semiconductor sector rebounded after a significant pullback, with companies like Luwi Optoelectronics and Huahong Semiconductor both hitting the daily limit [6] - The market is reacting to potential export controls from the U.S. on key software types, which could impact domestic industries [6] Company News - Yao Cai Securities surged by 34.5% after receiving approval from the Hong Kong Securities and Futures Commission for an acquisition by Ant Group [8] - The acquisition process is ongoing, with necessary approvals being pursued [8]

每经编辑｜金冥羽 10月13日，市场全天震荡回升，三大指数低开高走，科创50指数低开近3%，午后翻红大涨逾1%。A股成交额2.37万亿元，较上一个交易日缩量1599亿 元。盘面上，市场热点轮番活跃。截至收盘，沪指跌0.19%，深成指跌0.93%，创业板指跌1.11%。 板块方面，稀土永磁板块持续走强，银河磁体、中国稀土、北方稀土等多股涨停。芯片产业链也掀起涨停潮，新莱应材、凯美特气、至纯科技等10余股涨 停。有色金属板块再度活跃，中国瑞林、西部黄金3天2板。汽车零部件、游戏等板块跌幅居前。 | Wind热门概念指数 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 稀土 光刻机 半导体硅 稀有金属 | 稀土永磁 | | | | 中药国际 | 锂电电解 晶圆产业 | | | 9.49% 5.63% | 8.09% | | 5.47% | 5.03% | 4.93% | 4.63% | 4.62% | | 小我屋 操作系统 | 万得预增 | | 半导体材 | 核聚变 | | 黄金珠宝 ASIC芯片 光刻工厂 | | | 4.23 ...

Market Overview - A-shares experienced a significant decline in the morning session, with the Shanghai Composite Index opening down over 2% and the ChiNext Index down over 4%, before stabilizing in the afternoon [1] - The Shanghai Composite Index closed down 0.19% at 3889.5 points, the Shenzhen Component Index down 0.93% at 13231.47 points, and the ChiNext Index down 1.11% at 3078.76 points, while the Sci-Tech Innovation 50 Index rose by 1.4% [1] - Total trading volume in the Shanghai and Shenzhen markets was 23.745 billion yuan, a decrease of 1.6 billion yuan from the previous trading day [1] Sector Performance - Over 3600 stocks in the market were in the red, with declines in sectors such as automotive, oil, liquor, and pharmaceuticals [1] - The rare earth sector saw a strong performance, with stocks like China Rare Earth, Northern Rare Earth, and Western Gold hitting the daily limit [4][6] - The banking sector also saw gains, with China Construction Bank rising over 5% [1] - The semiconductor sector rebounded, with companies like Huahong Semiconductor and Zhaoxin Semiconductor nearing their daily limits [1][7] Rare Earth Sector - The rare earth sector experienced a significant surge, with stocks such as Jiuling Technology rising nearly 27% and several others hitting the daily limit [4] - The Ministry of Commerce announced new export controls on rare earth-related items, which is expected to enhance the strategic position of China's rare earth industry and potentially lead to price increases [6] - Analysts predict that the rare earth industry chain's performance may improve sequentially in the third and fourth quarters of this year [6] Semiconductor Sector - The semiconductor sector showed signs of recovery, with notable gains in stocks like Huahong Semiconductor, which closed at a 20% increase [7][8] - The sector's rebound is attributed to market dynamics and potential shifts in supply chains due to geopolitical factors [9] Company Highlights - Yao Cai Securities saw a significant increase of over 34% following the approval of an acquisition by Ant Group, with a closing price increase of 34.5% and a trading volume of 2.06 billion HKD [10][11] - The acquisition process is ongoing, with necessary approvals being sought from relevant authorities [12]

2025 年 10 月 13 日 可能強制全面要約 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： Morgan Stanley & Co., International plc 是最終由摩根士丹利擁有的公司。 交易披露 註： Morgan Stanley & Co., International plc 是與要約人有關連的第(5)類別聯繫人。 交易是為本身帳戶進行的。 就耀才證券金融集團有限公司的股份的交易披露 | 交易方 | 日期 | | | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具有 | 到期日或清結 | | 參考價 | 已支付／已收 | 交易後數額（包 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | | 關的參照證券 | 日 | | | 取的總金額 | 括與其訂有協議 | | | | | | | | | 數目 | | | | | 或達成諒解的任 | | | | | | | | | | | | | | 何人士 ...

可能強制全面要約 就耀才證券金融集團有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 交易性質 | 買入／賣出 | 涉及的股份 | 已支付／已收 | 已支付或已 | 已支付或已 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | | 總數 | 取的總金額 | 收取的最高 | 收取的最低 | | | | | | | | | | | 價（H） | 價（L） | | Morgan | 2025 | 年 | 10 月 | 普通股 | 因全屬客戶主動發出且由客戶需求帶動的買賣 | 買入 | 28,000 | $244,220.0000 | $8.7500 | $8.7200 | | Stanley & | 10 日 | | | | 盤所產生的 Delta 1 產品的對沖活動 | | | | | | | Co., | | | | 普通股 | 因全屬客戶主動發出且由客戶需求帶動的買賣 | 賣出 | ...

2025 年 10 月 13 日 可能強制全面要約 就耀才證券金融集團有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具有 | 到期日或清結 | 參考價 | 已支付／已收 | 交易後數額（包 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 明 | | | 關的參照證券 | 日 | | 取的總金額 | 括與其訂有協議 | | | | | | | 數目 | | | | 或達成諒解的任 | | | | | | | | | | | 何人士的證券） | | Morgan | 2025 年 10 | 月 衍生工具 | 其他類別產品 | 客戶主動利便客戶 | 2,000 | 2026 年 10 月 | $8.7500 | $17,500.0000 | 0 | | Stanley | 10 日 | | | ─ 買入 | | 30 日 | | | | | Capital | | 衍生工具 | 其他類 ...

新京报贝壳财经讯 10月13日，耀才证券金融(1428.HK)收盘上涨34.52%。消息面上，蚂蚁要约收购耀才 证券金融公告半年后，获得香港证监会批准。 ...