债券简称：21 广发 03 债券代码：149499 债券简称：21 广发 04 债券代码：149500 债券简称：21 广发 05 债券代码：149562 债券简称：21 广发 06 债券代码：149563 债券简称：21 广发 07 债券代码：149564 债券简称：21 广发 10 债券代码：149633 债券简称：21 广发 11 债券代码：149634 债券简称：21 广发 12 债券代码：149635 债券简称：21 广发 13 债券代码：149658 债券简称：21 广发 17 债券代码：149687 债券简称：21 广发 19 债券代码：149702 债券简称：21 广发 20 债券代码：149703 债券简称：21 广发 21 债券代码：149704 广发证券股份有限公司 公司债券受托管理事务报告 （2024 年度） 发行人 广发证券股份有限公司 （广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） 债券受托管理人：招商证券股份有限公司 （广东省深圳市福田区福田街道福华一路 111 号） 如无特别说明，本报告中相关用语具有与《募集说明书》中相同的含义。 2 | | | | | | ...

Core Viewpoint - HashKey Chain has announced that GF Securities (01776) has fully integrated with HashKey Chain to issue the first daily redeemable tokenized security, "GF Token" [1][2] Group 1: Product Details - "GF Token" is a tokenized security issued by GF Securities (Hong Kong) based on its credit support, available in USD, HKD, and offshore RMB, with daily interest accrual [1] - The USD tokenized security's yield is anchored to the US Overnight Secured Financing Rate (SOFR), providing a fair, transparent, and low-volatility cash management tool for users [1] Group 2: Market Position and Strategy - GF Securities (Hong Kong) was the first Chinese brokerage to successfully issue a tokenized security under Hong Kong law, marking a significant milestone in the exploration of on-chain financial products [2] - The launch of "GF Token" is seen as a continuation of the company's efforts to enhance its series of on-chain financial products, reinforcing its first-mover advantage in the emerging digital finance sector [2] - HashKey Group emphasizes the need for true integration between financial institutions and blockchain technology platforms for the on-chainization of real-world assets (RWA), with "GF Token" exemplifying this concept [2] - HashKey Chain aims to expand collaborations with traditional financial institutions, including brokerages and banks, to further develop compliant asset issuance and circulation mechanisms on-chain [2]

中诚信国际肯定了广发证券股份有限公司（以下简称"广发证券"或"公司"）竞争实力较强、综合金融服 务能力持续提升、拥有业内领先的科技金融模式以及财富管理转型成效显著等正面因素对公司整体经营 及信用水平的支撑作用；同时，中诚信国际关注到，行业竞争日趋激烈、经营稳定性存在一定压力、业 务发展对风险管理提出更高要求以及监管措施对公司投行业务产生影响等因素对公司经营及信用状况形 成的影响。 2023年4月28日，中诚信国际公布评级报告，广发证券股份有限公司主体等级获"AAA"评级。 本文源自：金融界 作者：债券君 资料显示，广发证券股份有限公司前身是1991年成立的广东发展银行（现称"广发银行"）证券交易营业 部。2010年2月，公司在完成反向收购延边公路建设股份有限公司后，成为在深交所上市的公司。公司 于2015年4月在香港联合交易所有限公司（简称"香港联交所"）上市，完成H股发行17.02亿股，成功募 集资金320.79亿港币，截至2022年末，公司注册资本为76.21亿元人民币，无控股股东和实际控制人。截 至2022年末，公司共有普通股股东207,970户，其中吉林敖东药业集团股份有限公司（以下简称"吉林敖 东" ...

Core Viewpoint - HashKey Chain and GF Securities (Hong Kong) have launched the first daily redeemable tokenized security, "GF Token," marking a significant step in Hong Kong's financial technology ecosystem and the tokenization of real-world assets (RWA) [1][5]. Group 1: Product Features - "GF Token" supports daily interest payments and is available in three currencies: USD, HKD, and offshore RMB [3][4]. - The tokenized security allows for multi-point sales and custody, facilitating seamless switching between different tokenized securities on the blockchain [3][4]. - The USD-denominated token's yield is anchored to the Secured Overnight Financing Rate (SOFR), providing a transparent and low-volatility cash management tool [3]. Group 2: Market Impact - The launch of "GF Token" is seen as a milestone for GF Securities (Hong Kong) in building a digital product ecosystem and enhancing its competitive edge in the emerging digital finance sector [5][6]. - The collaboration between HashKey Group and GF Securities aims to create a comprehensive ecosystem for tokenized securities, paving the way for more financial institutions to issue tokenized assets on the blockchain [5][6]. Group 3: Future Developments - GF Securities (Hong Kong) plans to continue expanding its offerings in tokenized securities, having previously issued the first tokenized security compliant with Hong Kong law in January 2024 [5]. - The company is also set to collaborate with Cinda Asset Management to launch the first fund-backed tokenized security for distribution and trading by January 2025 [5].

Core Viewpoint - The launch of "GF Token" marks a significant milestone in the development of tokenized securities in Hong Kong, enabling daily redemption and issuance in multiple currencies, including USD, HKD, and offshore RMB [2][3][4]. Group 1: Product Features - "GF Token" is a tokenized security that supports daily interest accrual and offers high liquidity, with a transparent and traceable asset flow recorded on HashKey Chain [4][5]. - The product aims to facilitate seamless switching between different tokenized securities on-chain, catering to high-net-worth individual and institutional investors [4][5]. - The issuance of "GF Token" is backed by the credit of GF Securities (Hong Kong) and is designed to provide a fair and low-volatility cash management tool, with USD-denominated securities linked to the SOFR [4][5]. Group 2: Market Position and Strategy - The collaboration between HashKey Chain and GF Securities (Hong Kong) represents a strategic move to enhance the tokenized securities ecosystem in Hong Kong, following the release of the "Hong Kong Digital Asset Development Policy Declaration 2.0" [2][6]. - The product's multi-point distribution and custody features allow traditional investors to engage more deeply in tokenized securities, thus broadening participation in this emerging market [5][6]. - The launch is seen as a continuation of GF Securities (Hong Kong)'s efforts to build a digital product system and solidify its position in the digital finance sector [7][8]. Group 3: Future Outlook - The introduction of "GF Token" is expected to pave the way for more financial institutions to issue tokenized assets on-chain, creating a comprehensive ecosystem for asset issuance, circulation, and governance [7][8]. - HashKey Group emphasizes the importance of integrating financial institutions with blockchain technology to drive the on-chain transformation of real-world assets (RWA) [8].

Core Insights - HashKey Chain announces that GF Securities (000776) (Hong Kong) is the first broker in Hong Kong to issue tokenized securities, fully integrating with HashKey Chain as the core on-chain issuance network [1] - The first daily redeemable tokenized security, "GF Token," has been issued, allowing participation from high-net-worth individual professional investors and institutional professional investors [1] - This issuance marks a significant step in the Hong Kong fintech ecosystem towards Real World Asset (RWA) pathways, laying a solid foundation for future on-chain issuance and collaboration of tokenized assets by financial institutions [1]

港股广发证券(01776.HK)午后一度拉升涨逾10%，现涨幅收窄至4.7%。 ...

广发证券港股午后拉升，一度涨超10%。 ...

Group 1 - The People's Bank of China and other regulatory bodies issued guidelines to support consumption, which is expected to enhance the business environment for securities firms [1] - Citic Securities anticipates strong growth potential for the brokerage sector due to a favorable secondary market and a rapid recovery in the primary market [1] - The recent Lujiazui Forum introduced reforms for the Sci-Tech Innovation Board, which are expected to improve market activity and lay a foundation for brokerage performance with a trading volume of 1.5 trillion yuan [1] Group 2 - Citigroup's report indicates that the SFISF initiative has positively impacted the real estate market and consumption, with a low percentage of household assets allocated to stocks compared to the U.S. [2] - An increase of 1% in stock investment within household assets could lead to over 5 trillion yuan inflow into the stock market, highlighting the potential for significant capital reallocation [2] - The Shanghai Composite Index is projected to break the 3,500-point mark, benefiting Chinese brokerages as household assets shift towards equities [2] Group 3 - Key brokerage firms mentioned include CITIC Securities, China Galaxy, and Huatai Securities, among others, indicating a competitive landscape in the brokerage sector [3] - The report emphasizes the importance of selecting stocks based on low valuation, strong retail business, and potential benefits from the Hong Kong IPO market [2]

Group 1 - The core point of the announcement is the details regarding the interest payment for the perpetual subordinated bonds issued by GF Securities, which will take place on June 30, 2025 [1][2] - The bonds, referred to as "22 GF Y1," have a coupon rate of 3.75%, resulting in an interest payment of RMB 37.50 per bond (face value of RMB 1,000) before tax [2][3] - The actual interest received by individual and securities investment fund bondholders after tax will be RMB 30.00 per bond, while non-resident enterprises will receive the full RMB 37.50 [2][3] Group 2 - The interest payment will be made to bondholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the close of trading on June 27, 2025 [2][3] - The company will entrust the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, to facilitate the interest payment process [3] - Tax obligations for individual bondholders include a personal income tax rate of 20% on the interest earned, which will be withheld at the time of payment [3][4] Group 3 - Non-resident enterprises, including QFII and RQFII, will be exempt from corporate income tax on the interest earned from these bonds during the specified period from November 7, 2018, to December 31, 2025 [4][5] - Other bondholders are responsible for their own tax payments on the interest earned [5]