Market Overview - The Hong Kong stock market continued its downward trend, with all three major indices in the red but maintaining above the 25,000 mark. The Hang Seng Index closed down 0.98% at 25,270.07 points, with a total turnover of HKD 31.27 billion [1] - Short-term market focus is on mid-year performance and cost-effectiveness, with potential volatility from US-China trade negotiations and fluctuations in US stocks [1] Blue-Chip Stocks Performance - JD Health (06618) led blue-chip stocks, rising 11.67% to HKD 61.25, contributing 11.31 points to the Hang Seng Index. The company's H1 2025 performance exceeded market expectations due to strong growth in the pharmaceutical category [2][4] - Other notable blue-chip movements included Xinyi Solar (00968) up 5.96%, Alibaba Health (00241) up 4.92%, while New World Development (00016) and Henderson Land (00012) saw declines of 5.35% and 4.63% respectively [2] Sector Highlights - Internet healthcare stocks showed strong performance, with Dingdang Health (09886) up 36.07% and JD Health (06618) up 11.67% following strong mid-year results [3][4] - The brokerage sector saw significant gains, with CITIC Securities (06066) up 10.98% and Zhongtai Securities (01375) up 9.03%, reflecting a structural shift in fund flows towards financial markets [5][6] - The photovoltaic sector also experienced gains, driven by a shortage and price increases in solar components, with Xinyi Solar (00968) rising 8.15% [6][7] Regulatory Developments - The Hong Kong Monetary Authority and the Securities and Futures Commission issued a joint statement regarding recent market fluctuations related to stablecoins, emphasizing a cautious approach to licensing [8] Notable Stock Movements - Silver诺医药-B (02591) surged 206.48% on its debut, reflecting strong market interest in GLP-1 drug treatments [9] - Liken Technology (00558) rose 46.02% following a strategic partnership for magnesium alloy humanoid robot development [10] - Far East China (02789) saw an 84.34% increase after announcing a profit forecast for H1 2025, driven by international market orders [11][12] - Jin Hai Medical Technology (02225) fell 50.56% after announcing a share subscription at a discount to market price [13]

國聯民生證券股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將 於2025年8月28日（星期四）舉行，藉以（其中包括）審議及批准本公司及其附屬公司截 至2025年6月30日止六個月之中期業績及其發佈。 承董事會命 國聯民生證券股份有限公司 董事長 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 部分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。 （股份代號：01456） （於中華人民共和國成立的股份有限公司） 董事會會議通知 截至本公告日期，本公司執行董事為葛小波先生；本公司非執行董事為顧偉先生、 周衛平先生、吳衛華先生、楊振興先生及劉海林先生；及本公司獨立非執行董事為 朱賀華先生、高偉先生及郭春明先生。 顧偉 中國江蘇省無錫市 2025年8月15日 ...

截止8月15日收盘，东北电气(00042)、弘业期货(03678)、安德利果汁(02218)分列AH溢价率前三位，溢 价率分别为770.97%、226.69%、213.19%；宁德时代(03750)、恒瑞医药(01276)、紫金矿业(02899)分列 AH溢价率末三位，溢价率分别为-19.95%、-7.45%、5.81%。其中安德利果汁(02218)、金力永磁 (06680)、南京熊猫电子股份(00553)的偏离值位居前三，分别为21.03%、11.03%、10.63%；另外，比亚 迪股份(01211)、东北电气(00042)、龙蟠科技(02465)的偏离值位居后三，分别 为-143.50%、-80.62%、-50.25%。 前十大AH股溢价率排行 前十大AH股偏离值排行 | 股票名称 | H股(港元) | A股 | 溢价率 | 偏离值↓ | | --- | --- | --- | --- | --- | | 安德利果汁(02218) | 18.350 | 47.98 | 213.19% | 21.03% | | 金力永磁(06680) | 19.090 | 28.17 | 76.74% | 11.03% | ...

Group 1 - The core point of the article is the leadership change at Guolian Minsheng Securities, with Ge Xiaobo stepping down as the legal representative and chairman, replaced by Gu Wei, while Ge remains a director and manager [1] - Guolian Minsheng Securities Co., Ltd. was established in January 1999 with a registered capital of approximately 5.68 billion RMB [1] - The company's business scope includes securities operations, securities investment consulting, and public securities investment fund sales [1] Group 2 - The shareholder information indicates that the company is jointly held by Wuxi Guolian Development (Group) Co., Ltd., Hong Kong Central Clearing (Agent) Co., Ltd., and Guolian Trust Co., Ltd. [1]

Group 1 - Chinese brokerage stocks saw significant gains, with Zhongzhou Securities rising by 11.91% to HKD 3.1, Guolian Minsheng up by 7.4% to HKD 7.11, CITIC Construction Investment increasing by 6.59% to HKD 14.56, and China International Capital Corporation rising by 5.67% to HKD 22.38 [1] - In July, non-bank financial institutions' deposits increased by CNY 2.14 trillion, a year-on-year increase of CNY 1.39 trillion, indicating a structural change in fund flows as residents shift funds to financial markets [1] - The balance of margin financing and securities lending surpassed CNY 2 trillion, reaching a ten-year high, reflecting high market trading sentiment [1] Group 2 - Huatai Securities noted that as market risk appetite rises, the net asset return rate of the brokerage sector is entering an upward phase, suggesting stronger stability and sustainability in brokerage performance [1] - The current cycle of market, expectations, and performance is expected to support a continuous recovery trend in the brokerage sector [1]

Core Viewpoint - The announcement details the addition of new sales platforms for various funds managed by Invesco Great Wall Fund Management Co., Ltd., effective from August 15, 2025, to better meet investor needs [5][9][14]. Group 1: New Sales Platforms - The company has signed a sales agreement with Guolian Minsheng Securities Co., Ltd. to sell the Invesco Great Wall Jing Tai Pure Profit Bond Fund [1]. - The company has also partnered with Industrial Bank Co., Ltd. to sell the Invesco Great Wall Stable Gain Bond Fund through its "Institutional Investment Trading Platform" [5]. - Additionally, Nanjing Bank has been added as a sales institution for the Invesco Great Wall Anheng Gain Three-Month Holding Period Mixed Fund of Funds (FOF) [9]. Group 2: Sales Institution Information - Guolian Minsheng Securities is located at 8 Financial First Street, Wuxi, with a customer service phone number of 95570 [1]. - Industrial Bank's sales platform is accessible via customer service at 95561, with a website at www.cib.com.cn [5]. - Nanjing Bank's contact information includes a customer service phone number of 95302 and a website at http://www.njcb.com.cn [10]. Group 3: Business Operations - Subscription and redemption services are only available during normal subscription periods and specific open days, with details outlined in the respective fund's legal documents [2][6][14]. - The "Regular Investment Plan" allows investors to set up automatic deductions for fund purchases, with specific rules governed by the sales institutions [2][15]. - Fund conversion services are subject to the availability of redeemable and purchasable statuses, with additional rules provided in the company's announcements [3][7][15].

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The average salary of CFOs in the brokerage industry is 1.32 million yuan, while the CFO of Guolian Minsheng, Yin Lei, earns only 966,200 yuan, which is about 73.16% of the industry average [1][4] - The significant salary gap may undermine Yin Lei's motivation and could lead to talent loss, negatively impacting the stability of the company's financial operations [1] Group 2 - Yin Lei, born in 1970, holds a master's degree in accounting and is a certified public accountant in China, currently serving as the vice president and CFO of Guolian Minsheng [2] - The report indicates that the salaries of listed company directors are determined by the shareholders' meeting, while executive salaries are set by the board of directors [3][4] - The management of Guolian Minsheng should consider a salary increase for Yin Lei to recognize his contributions and motivate him for the company's long-term development [1][3]

Group 1 - The securities industry is undergoing significant changes due to reforms and mergers, leading to turbulence for both buy-side (funds) and sell-side (brokerage research) entities [1][2] - There is a notable talent migration within the industry, with several chief analysts from Guolian Minsheng leaving for other firms, particularly Guojin Securities [2][4] - Guojin Securities is actively recruiting talent from other firms, including former analysts from Minsheng Securities and other brokerages, indicating a strategic shift in its research and sales teams [4][5][6] Group 2 - Guojin Securities aims to regain its former glory by enhancing its research capabilities and has set ambitious goals to return to the top ten in the industry within five years [14][15] - The firm has undergone a transformation from a profit center to a cost center, focusing on increasing research investment and improving its external influence [14][16] - Guojin Securities has received multiple accolades in external evaluations from 2022 to 2024, indicating progress in its research reputation [17] Group 3 - Huajin Securities is also expanding its research capabilities by hiring key personnel from Minsheng and Guolian, signaling its intent to strengthen its position in the market [19][20] - The firm is leveraging its backing from Zhuhai Huafa Group to enhance its securities business, which has been under pressure due to the real estate sector's challenges [20][21] - Huajin Securities is planning to develop a research brand focused on "finance and new productive forces," aiming to create a think tank service platform for various stakeholders [22][23]

Core Points - The company has completed the registration of the change of its legal representative, with Gu Wei being elected as the new chairman and legal representative [1][2] - The company held its 27th meeting of the 5th board of directors on August 8, 2025, where the election of the chairman was approved [1] - The company has obtained a new business license from the Wuxi Data Bureau, confirming its legal representative and registration details [1] Company Information - The company is named Guolian Minsheng Securities Co., Ltd., with a registered capital of 568,059,280.6 CNY [1] - The company was established on January 8, 1999, and is classified as a listed, state-controlled joint-stock company [1] - The business scope includes securities business, investment consulting, public securities investment fund sales, and bond market operations, among others [1]

证券代码：601456 证券简称：国联民生 公告编号：2025-051 号 国联民生证券股份有限公司 关于完成法定代表人工商变更登记的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 国联民生证券股份有限公司（以下简称"公司"）于 2025 年 8 月 8 日召开第 五届董事会第二十七次会议，审议通过《关于选举公司董事长的议案》，同意选 举公司党委书记、董事顾伟先生担任公司董事长，具体内容详见公司于 2025 年 公告》（公告编号:2025-048 号）、《国联民生证券股份有限公司关于董事长离任 及选举新任董事长的公告》（公告编号:2025-049 号）。 根据《公司章程》，公司法定代表人由董事长担任，顾伟先生自公司第五届 董事会第二十七次会议审议通过之日起担任公司法定代表人。 锡市数据局换发的营业执照，具体登记信息如下： 统一社会信用代码：91320200135914870B 名称：国联民生证券股份有限公司 类型：股份有限公司（上市、国有控股） 住所：无锡市金融一街 8 号 法定代表人：顾伟 注册资本：568059.28 ...