Group 1 - The A-share market saw a collective low opening on January 8, with the Shanghai Composite Index slightly rising while the Shenzhen Component Index and the ChiNext Index experienced declines [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.78 trillion yuan, with over 3,700 stocks rising, including 80 stocks hitting the daily limit [1] - The commercial aerospace sector experienced a surge, with over 10 constituent stocks hitting the daily limit, including Lushin Investment with 8 consecutive gains and Galaxy Electronics with 4 consecutive gains [1] Group 2 - The Hong Kong stock market also opened lower, with major indices like the Hang Seng Index and the Hang Seng Technology Index dropping over 1% [2] - Domestic large model company Zhipu Technology debuted on the Hong Kong Stock Exchange, initially rising by up to 10% before settling at a 7.4% increase [2] - Goldman Sachs released a report on January 7, recommending an overweight position in A-shares and H-shares for 2026, predicting a 20% increase in the MSCI China Index and a 12% increase in the CSI 300 Index, driven by double-digit earnings growth and moderate valuations [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 广发证券股份有限公司（以下简称"广发证券"或"公司"）第十一届董事会第十二次会议通知于2026年1 月6日以专人送达或电子邮件方式发出，会议于2026年1月6日以通讯表决的方式召开。本次董事会应出 席董事11人，参与表决董事11人。会议内容同时通知了公司高级管理人员。会议的召开符合《公司法》 等有关法律法规和《广发证券股份有限公司章程》的规定。 会议审议通过了以下议案： 一、审议关于公司根据一般性授权实施H股再融资的议案 以上议案同意票11票，反对票0票，弃权票0票。 反对票或弃权票的理由：不适用。 公司根据一般性授权实施H股再融资的详情请见与本公告同时披露于巨潮资讯网站 证券代码：000776 证券简称：广发证券 公告编号：2026-001 广发证券股份有限公司 第十一届董事会第十二次会议决议 公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 广发证券股份有限公司董事会 二〇二六年一月七日 （www.cninfo.com.cn）的《 ...

Core Viewpoint - GF Securities is initiating a significant refinancing round to inject capital into its international business, with a total fundraising expected to exceed HKD 6 billion [1] Group 1: Financing Details - The financing will be conducted through a combination of placing new H-shares and issuing convertible bonds, with the total expected net proceeds exceeding HKD 6 billion [2] - The company plans to place 219 million new H-shares at a price of HKD 18.15 per share, and issue zero-coupon convertible bonds totaling HKD 2.15 billion, with an initial conversion price of HKD 19.82 per share [2] - The placement shares will account for approximately 12.87% of the existing issued H-shares, with a discount of about 8.38% compared to the last trading day's closing price [2] Group 2: Use of Proceeds - The net proceeds from the financing will be fully allocated to increase capital for overseas subsidiaries, enhancing their capital strength and risk resistance to support international business development [4] - This move aims to better serve the needs of the real economy and residents' cross-border wealth management [4] Group 3: Strategic Context - The financing is a key step in GF Securities' internationalization strategy, which aligns with the growing demand for Chinese enterprises to "go global" and the encouragement from regulators to build first-class investment banks [1][4] - The company has adopted a strategy combining "internal development and external expansion," gradually establishing a cross-border service network that connects Hong Kong, Southeast Asia, Europe, and the United States [4] - GF Securities has already obtained full business licenses in global securities, investment banking, asset management, and wealth management, positioning itself as a "super interface" connecting domestic and international markets [4] Group 4: Industry Trends - The trend of enhancing international business capabilities among securities firms is being driven by both policy encouragement and market opportunities [6][7] - The China Securities Regulatory Commission has urged securities institutions to improve cross-border financial service capabilities and promote coordinated development of domestic and international businesses [7] - Other firms in the industry, such as China Merchants Securities and Guotai Junan Securities, are also actively pursuing international expansion through capital increases and acquisitions [7]

Core Viewpoint - Southbound funds increased their holdings in GF Securities (01776.HK) by 333,000 shares on January 7, while experiencing net reductions in holdings for 3 out of the last 5 trading days, totaling a net reduction of 1.5367 million shares [1] Group 1: Southbound Fund Activity - Over the last 20 trading days, southbound funds have reduced their holdings on 9 days, with a cumulative net reduction of 1.6068 million shares [1] - Currently, southbound funds hold 1.007 billion shares of GF Securities, accounting for 59.14% of the company's total issued ordinary shares [1] Group 2: Company Overview - GF Securities Co., Ltd. is primarily engaged in securities business in China, operating through five segments [1] - The Investment Banking segment focuses on equity financing, debt financing, financial advisory, and corporate solutions [1] - The Wealth Management segment provides retail securities brokerage, futures brokerage, financial product distribution, margin financing, repurchase trading financing services, and leasing [1] - The Trading and Institutional Client Services segment mainly offers securities research, asset custody services, sales and investment trading (including proprietary and other client trading services), and alternative investments [1] - The Investment Management segment is involved in asset management, public fund management, and private fund management [1] - The Other segment primarily supports the operations of the company headquarters [1]

Group 1 - The core viewpoint of the news is that Guangfa Securities plans to raise over HKD 6.1 billion through a combination of H-share placement and convertible bond issuance, with the funds aimed at enhancing the capital strength of its overseas subsidiaries [1][2] - The company intends to issue 219 million new H-shares at a placement price of HKD 18.15 per share, which represents an approximately 8.38% discount compared to the closing price of HKD 19.81 on January 6 [1] - The total principal amount of the convertible bonds to be issued is HKD 2.15 billion, with an initial conversion price of HKD 19.82 per share, reflecting a premium of about 0.05% over the closing price on January 6 [1] Group 2 - The funds raised will be fully allocated to increasing the capital of the company's overseas subsidiaries, thereby enhancing their risk resistance and supporting the development of the real economy [2] - The financing strategy of combining equity and debt is expected to improve the core capital adequacy ratio while locking in low-cost long-term funding, optimizing the liability structure [2] - The trend of Chinese securities firms "going global" is accelerating, with cross-border financial services becoming a core competitive advantage for these firms [2][3] Group 3 - Guangfa Securities' move to strengthen its internationalization reflects a new trend of "capital-driven deepening" in the industry, moving beyond merely establishing representative offices or channel businesses [3] - This trend is likely to accelerate industry differentiation, with leading firms like CITIC Securities and CICC maintaining their lead, while second-tier firms like Guangfa Securities and Huatai Securities are strategically investing to capture niche markets [3] - Firms with strong capital, risk control capabilities, and localized operational abilities will have a stronger voice in the global financial resource allocation [3]

证券研究报告·公司点评报告·证券Ⅱ 广发证券（000776） 广发拟配售 H 股及发行可转债，募资用于拓 展国际业务 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 23,300 | 27,199 | 34,577 | 39,278 | 44,134 | | 同比（%） | -7.29% | 16.74% | 27.13% | 13.60% | 12.36% | | 归母净利润（百万元） | 6,978 | 9,637 | 14,776 | 17,153 | 19,645 | | 同比（%） | -12.00% | 38.11% | 53.32% | 16.09% | 14.53% | | EPS-最新摊薄（元/股） | 0.92 | 1.26 | 1.94 | 2.25 | 2.58 | | P/E（现价&最新摊薄） | 25.30 | 18.32 | 11.95 | 10.29 | 8.98 | [Table ...

（文章来源：证券日报） 证券日报网讯 1月7日，广发证券发布公告称，公司第十一届董事会第十二次会议审议通过《关于公司 根据一般性授权实施H股再融资的议案》。 ...

2026.01. 07 本文字数：845，阅读时长大约2分钟 作者 | 第一财经 李隽 1月6日晚间，广发证券（000776.SZ，01776.HK）公告称，拟以18.15港元/股的价格，发行股 份，加上可转债共计融资61亿港元。7日，广发证券H股一度大跌超过5%，一度跌破19港元；A股 当天下跌2.61%，报收23.16元。 在业内人士看来，目前A股与港股市场情绪较好，内地券商补充资本符合行业惯例，而且配售附带锁 定期，折价属于常见安排。不过，也有市场人士提醒，广发证券这次融资后，预计市场继续向好，如 果后续有其他券商集中启动大额融资项目，可能预示板块估值已经修复到一定程度，投资者需关注后 续波动风险。 根据公告，广发证券拟以每股18.15港元的价格，向不少于六名独立专业机构配售2.19亿股，预计融 资39.75亿港元；同时拟发行零票息可转换债券，转股价19.82港元，预计融资21.5亿港元，合计募 集资金约61亿港元。 广发证券于2015年4月10日在港交所主板挂牌，发行价18.85港元，IPO募资约280亿港元；上市十 年间，每年现金分红在每股0.35元至0.8元人民币之间。2015年6月1日，华泰证券 ...

格隆汇1月7日丨广发证券(01776.HK)发布公告，广发证券股份有限公司2025年面向专业投资者公开发行 短期公司债券(第五期)(债券简称："25广发D7"，债券代码：524303)将于2026年1月9日支付2025年6月12 日至2026年1月8日期间的利息及本期债券的本金。本期债券"25广发D7"的票面利率为1.64%，本次兑付 兑息每手(面值1,000元)"25广发D7"兑付本息合计人民币1,009.480547元(含税)。 ...

智通财经APP讯，广发证券(01776)发布公告，广发证券股份有限公司2025年面向专业投资者公开发行短 期公司债券(第五期)(债券简称："25广发D7"，债券代码：524303)将于2026年1月9日支付2025年6月12日 至2026年1月8日期间的利息及本期债券的本金。本期债券"25广发D7"的票面利率为1.64%，本次兑付兑 息每手(面值1000元)"25广发D7"兑付本息合计人民币1009.480547元(含税)。兑付兑息日及债券摘牌日： 2026年1月9日。 ...