第一财经从多个信源获悉，万科A（000002.SZ）原总裁、CEO祝九胜已被采取刑事强制措施。 今年1月，媒体曾爆出祝九胜被带走调查的消息，当时他以更新朋友圈的方式对该消息作出回应。但多 位深圳地产业内人士表示，从那以后圈子里便极少听到他的消息。 祝九胜在1993年至2012年期间任职于中国建设银行股份有限公司深圳市分行，此后加入万科。2025年1 月，他已辞去万科董事、总裁、首席执行官等职务。 ...

第一财经 祝九胜在1993年至2012年期间任职于中国建设银行股份有限公司深圳市分行，此后加入万科。2025年1 月，他已辞去万科董事、总裁、首席执行官等职务。 今年1月，媒体曾爆出祝九胜被带走调查的消息，当时他以更新朋友圈的方式对该消息作出回应。但多 位深圳地产业内人士表示，从那以后圈子里便极少听到他的消息。 第一财经从多个信源获悉，万科A（000002.SZ）原总裁、CEO祝九胜已被采取刑事强制措施。 ...

祝九胜在1993年至2012年期间任职于中国建设银行股份有限公司深圳市分行，此后加入万科。2025年1 月，他已辞去万科董事、总裁、首席执行官等职务。 从多个信源获悉，万科A（000002.SZ）原总裁、CEO祝九胜已被采取刑事强制措施。 今年1月，媒体曾爆出祝九胜被带走调查的消息，当时他以更新朋友圈的方式对该消息作出回应。但多 位深圳地产业内人士表示，从那以后圈子里便极少听到他的消息。 ...

149297.SZ 20 万科 08 149358.SZ 21 万科 02 149478.SZ 21 万科 04 149568.SZ 21 万科 06 149815.SZ 22 万科 02 149931.SZ 22 万科 04 149976.SZ 22 万科 06 148099.SZ 22 万科 07 148380.SZ 23 万科 01 债券代码 债券简称 中信证券股份有限公司 关于万科企业股份有限公司公司债券 临时受托管理事务报告 受托管理人 | 债券代码 | 债券简称 | | 债券全称 | | --- | --- | --- | --- | | 149297.SZ | 20 万科 | 08 | 万科企业股份有限公司 2020 年面向合格投资者公开发行公 | | | | | 司债券(第四期)(品种二) | | 149358.SZ | 21 万科 | 02 | 万科企业股份有限公司 2021 年面向合格投资者公开发行住 | | | | | 房租赁专项公司债券(第一期)(品种二) | | 149478.SZ | 21 万科 | 04 | 万科企业股份有限公司 2021 年面向专业投资者公开发行公 | | | ...

Financing Dynamics - JingShi Technology completed several tens of millions in Series A financing, led by Ivy Capital, focusing on technology R&D and accelerating the mass production of consumer and industrial robots [3] - Future Intelligence announced the completion of a billion-level Series A financing led by Ant Group, marking its third round of financing this year, with funds aimed at expanding AI hardware products, promoting its overseas brand, and investing in frontier technologies [5] - Pernod Ricard invested approximately 100 million CAD (about 51 million RMB) in its Hiram Walker distillery in Ontario, Canada, with an additional 15 million CAD expected this year to enhance production capacity [8] - Suntory Holdings completed a strategic investment in startup Mokaburu, which innovatively combines coffee beans and cocoa butter to create a new coffee experience [10] Brand Dynamics - BIRKENSTOCK launched the CARE ESSENTIALS care series, adhering to high German quality standards and using natural materials to enhance foot comfort [13] - Luckin Coffee collaborated with Honor of Kings to launch a new product, "Pain Mask Sour Horn Americano," featuring Yunnan sour horn juice and 100% Arabica coffee beans [16] - Lay's initiated its largest brand overhaul in nearly a century, redesigning packaging to emphasize the journey of potatoes from farm to bag and removing artificial flavors and colors in the U.S. market [22] Personnel Dynamics - Wahaha Group appointed Xu Simin as General Manager, following the resignation of Zong Fuli, with expectations for stability in operations [25] - Vanke Enterprises announced the resignation of Chairman Xin Jie, with Huang Liping elected as the new chairman, indicating no substantial impact on short-term operations [28]

Economic Outlook - Economists have raised their forecasts for U.S. economic growth for this year and next, with GDP expected to grow by 1.8% in 2023, up from a previous estimate of 1.3% [2] - The upward revision is primarily due to significantly improved expectations for business investment [2] - The U.S. economy is projected to grow at a similar pace in 2026 [2] Employment Trends - The average monthly job growth in the U.S. is now expected to be 60,000 for this year, down from a prior forecast of 87,000 [2] - Recent months have shown a notable slowdown in job growth, prompting the Federal Reserve to lower interest rates by 25 basis points in September [2] - Economists anticipate another 25 basis point rate cut from the Federal Reserve this year, followed by a total of 75 basis points in cuts by 2026 [2] Inflation Expectations - The NABE group expects U.S. inflation to remain above the Federal Reserve's 2% target until next year [2] - The year-on-year increase in the PCE price index is projected to decline from 3% this year to 2.5% by the end of 2026 [2] Trade and Economic Policy - The economic outlook has been complicated by significant and frequently changing policy measures from the Trump administration, particularly regarding tariffs [2] - The impact of tariffs on inflation has been slower and more moderate than many economists had anticipated [2]

Core Insights - Shenzhen Metro Group (深铁) has shifted from a non-intervention stance to actively supporting Vanke (万科) after the company faced a liquidity crisis, providing nearly 26 billion yuan for debt repayment and implementing significant management changes [1][9] - Recent developments indicate uncertainty as Vanke's chairman, Xin Jie, has submitted his resignation, raising questions about the future direction of the company [4][10] Group 1: Company Support and Management Changes - Shenzhen Metro Group's intervention was prompted by Vanke's financial struggles, highlighted by a substantial loss of 33.46 billion yuan in a financial report [1] - The group has provided a total of 25.715 billion yuan in loans to Vanke this year, facilitating the repayment of 24.39 billion yuan in public debt by August 2025 [9] - Xin Jie, who took over as chairman of Vanke in early 2023, initiated a major organizational restructuring, which was completed in September 2023 [9] Group 2: Leadership Transition - Xin Jie has resigned from his position as chairman and non-executive director of Vanke due to personal reasons, with Huang Liping set to replace him [4][10] - Xin Jie's tenure was marked by significant changes in Vanke's management and operational strategy, but his departure raises concerns about continuity in leadership during a critical recovery phase [4][10] Group 3: Future Outlook - Despite the leadership change, Vanke has a robust team capable of navigating challenges, and the company's primary goal remains survival and stability [9][10] - The transition of leadership to Huang Liping will be crucial as Vanke continues to implement strategic transformations under the support of Shenzhen Metro Group [10]

Core Viewpoint - The resignation of Vanke's chairman is unexpected, but it will not alter the commitment of Shenzhen Metro Group to prevent Vanke from publicly defaulting on its debts, as the new chairman is also nominated by Shenzhen Metro Group [1] Summary by Categories Company Overview - Vanke is expected not to default under baseline scenarios, but the company maintains a low allocation rating [1]

Group 1: Trade Relations and Policies - The Chinese Ministry of Commerce responded to the U.S. announcement of a 100% tariff increase, labeling it as a typical "double standard" and emphasizing that China does not wish to engage in a trade war but is not afraid to do so if necessary [2] - Recent measures by China to tighten export controls on rare earths are seen as a retaliatory action against the U.S., indicating a potential escalation in trade tensions [2][3] - The uncertainty in U.S.-China trade policies is affecting global multinational companies, leading to diminished business confidence [3] Group 2: Trade Data and Economic Indicators - In September, China's exports grew by 8.3% year-on-year, reaching a six-month high, while imports increased by 7.4%, the highest in 17 months, indicating resilience in trade performance [4] - The total value of China's goods trade in the first three quarters reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports maintaining growth for eight consecutive quarters [4] - Despite the positive trade data, challenges remain, including the impact of U.S. tariffs on re-exported goods and a shift towards processing trade, which may continue to pressure China's export outlook [5] Group 3: Real Estate Market Trends - Major cities like Beijing, Shanghai, and Shenzhen have seen an increase in real estate transaction volumes, with September data showing significant growth in both new and second-hand housing sales [6] - The overall real estate market remains under pressure, with limited recovery in supply-demand dynamics, indicating a buyer's market [7] Group 4: Corporate Developments - The Dutch government has imposed restrictions on China's Wingtech Technology's subsidiary, Anshi Semiconductor, leading to asset freezes and management changes, highlighting the political risks faced by Chinese companies abroad [8] - Vanke's chairman, Xin Jie, resigned for personal reasons, raising concerns about the company's stability amid liquidity challenges [9][10] Group 5: Aviation and Tourism Industry - Post-holiday, air ticket prices have significantly dropped, with some routes seeing reductions of up to 80%, reflecting a decrease in travel demand following the peak holiday season [13][14] - The entire tourism industry is facing profitability challenges, with airlines struggling to maintain margins as ticket prices align with or fall below high-speed rail costs [14] Group 6: Market Performance - On October 13, the stock market experienced fluctuations, with the Shanghai Composite Index closing down 0.19%, amid ongoing trade tensions between the U.S. and China [15][16] - The market's response to trade policy changes indicates a reduction in panic compared to previous instances, although overall trading volume has decreased, reflecting a cautious investor sentiment [15][16]

以下文章来源于深水财经社 ，作者乌海 深水财经社 . 挖掘资本市场价值，揭开资本市场内幕。 导语：辛杰的被查是不是万科有关，这个是存疑的，毕竟万科大部分时间里都并不在他掌控之中。 辛杰的被查是不是万科有关，这个是存疑的，毕竟万科大部分时间里都并不在他掌控之中。 万科董事长辛杰被查24天后，经过自媒体圈的发酵，万科终于官宣了。 10月12日傍晚，万科企业股份有限公司在港交所发布公告，收到公司董事长辛杰先生因个人原因 申请辞任公司董事长、董事等所有职务。 这份迟来的公告，终于给持续发酵的"辛杰失联"事件画上阶段性句号，这距离其9月18日在深圳一 场会议中被当场带走，已过去整整24天。 公告发布前，万科内部早已陷入"集体沉默的混乱"。 值得注意的是，万科此次公告涉嫌信披滞后——根据《上市公司信息披露管理办法》，董事长无法 履职属重大事项，应在两日内公告，而公司迟至24天后才披露，这难道不是违规吗？ 公开资料显示，辛杰的职业生涯起步于深圳国企，1998年前后曾在中洲控股前身企业任职，彼时 的老板正是中洲控股实控人黄光苗。 2009年，已经43岁的辛杰，离开了中洲控股，摇身一变，成为了一名国企干部：深圳市天健（集 团） ...