截至2025年7月4日收盘，国泰海通（601211）报收于19.34元，较上周的19.22元上涨0.62%。本周，国 泰海通7月4日盘中最高价报19.59元。6月30日盘中最低价报19.01元。国泰海通当前最新总市值3409.59 亿元，在证券板块市值排名3/49，在两市A股市值排名34/5149。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 交易信息汇总：国泰海通本周发生多笔大宗交易，成交金额累计超过3000万元。 公司公告汇总：国泰海通累计已回购金额达1051103216.75元，回购股数59224424股。 股本股东变化：国泰海通连续多日购回A股股份，库存股增加至113,230,577股。 股本股东变化 国泰海通在2025年7月1日、7月2日和7月3日分别购回了2,074,998股、2,070,000股和2,074,986股A股股 份，购回价格分别为每股人民币19.2777元、19.1645元和19.2381元。购回后，库存股份数量增加至 113,230,577股，已发行股份总数减少至14,010,718,271股。 公司 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has launched the Integrated Fund Platform (IFP) order transmission service, enhancing the efficiency of fund distribution and providing a broader range of investment options for investors [1][3]. Group 1: Platform Overview - The IFP includes 33 companies, with 17 fund distributors, including 12 Chinese brokers, and aims to streamline the fund distribution process [1][4]. - The platform is designed to cover the entire distribution cycle of retail funds in Hong Kong, lowering entry barriers for the fund industry and improving market efficiency [3][7]. - The new order transmission service integrates subscription and redemption processes, facilitating smoother operations between fund distributors and registered agents [3][9]. Group 2: Participating Institutions - The 12 Chinese brokers participating in the IFP include notable firms such as China Galaxy International and CITIC Securities, all of which have cross-border wealth management qualifications [2][8]. - Other distributors include major banks like Bank of China (Hong Kong) and China Construction Bank (Asia), indicating a diverse range of institutions involved [4][6]. - The platform also includes six registered agents, enhancing the operational framework of the fund distribution network [5]. Group 3: Impact on Wealth Management - The launch of the IFP is expected to significantly benefit wealth management businesses, particularly for brokers qualified for cross-border wealth management [10][11]. - As of May 2025, the cross-border wealth management program has seen participation from 157,900 investors, indicating a growing market for these services [10]. - Brokers have expressed optimism about the platform's potential to enhance service capabilities and expand the range of fund products available to clients [11]. Group 4: Future Developments - Future phases of the IFP will include agent services and improvements in payment and settlement processes, with ongoing collaboration between HKEX, regulators, and industry stakeholders [12].

本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 券商资管产品是由证券公司或其资管子公司作为管理人，依照资产管理合同约定的方式、条件及 限制，对客户资产进行投资管理的金融工具。 券商的资产管理产品主要分为 集合资管计划、定向资管计划、专项资管计划 。而我们常说的券 商资管产品一般指代的是券商集合资管计划。券商集合资管计划 根据投资标的可以分为 股票型 、 债券型 、混合 型 、 FOF 、 QDII、货币市场型 、 另类投资 等。 根据中国证券投资基金业协会数据，截至2025年一季度末（最新数据）， 券商运行的资管产品 （集合资管计划）共有 10210只，产品总规模约为28215亿元。 其中， "集合资管计划"总规模超100亿元的券商（或资管公司）共有31家。 中信证券、国泰海 通、中金公司、中银证券、广发资管、广发证券、招商证券、中信建投证券、国金证券、国金资 管、首创证券等 11家券商的"集合资管计划"规模均在千亿元级别。中信证券以3432亿元的管理 规模位列第1。 0 1 股票型券商资管产品在近一年领跑！ 那么券商资管产品（在此仅包括"集合资管计划"）的最新业绩如何呢？ 根据Choice数 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 國泰海通證券股份有限公司(「本公司」) 呈交日期： 2025年7月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | | 說明 | A股於上海證券交易所上市(證券代號: 601211) | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份） ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 國泰海通證券股份有限公司(「本公司」) 呈交日期： 2025年7月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | | 說明 | A股於上海證券交易所上市(證券代號: 601211) | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份） ...

Group 1 - The stock price of Suochen Technology (688507.SH) fell by 4.59% to 69.00 yuan, currently in a state of breaking issue [1] - Suochen Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 18, 2023, with an issuance of 10.3334 million shares at a price of 245.56 yuan per share [1] - The total amount raised from the initial public offering (IPO) was 253.74697 million yuan, with a net amount of 231.57491 million yuan, exceeding the original plan by 134.68455 million yuan [1] Group 2 - The total issuance costs for the IPO amounted to 22.17206 million yuan (excluding tax), with underwriting fees of 19.23102 million yuan [2] - The company announced a cash dividend of 0.15 yuan per share and a capital reserve increase of 0.48 shares for every share held, resulting in a total distribution of 6.200010 million yuan in cash and an increase of 19.840032 million shares [2] - For the 2023 annual profit distribution, the company plans to distribute a cash dividend of 3.80 yuan for every 10 shares and a capital reserve increase of 4.60 shares for every 10 shares held [2]

Summary of Key Points Core Viewpoint - The trading data for the 30-year Treasury futures contract indicates a slight increase in the main contract price, with a closing price of 2509 and a change of +0.11% as of July 4th. The overall trading volume decreased compared to the previous day, reflecting a net short position among the top 20 positions [1]. Trading Volume and Positions - The total trading volume for all contracts was 76,900 contracts, a decrease of 1,670 contracts from the previous day [1]. - The top 20 positions showed a total long position of 122,254 contracts, which increased by 752 contracts, while the total short position was 122,710 contracts, increasing by 4,239 contracts [4]. Long and Short Positions - The top three long positions were held by: - CITIC Futures with a total position of 25,768 contracts, an increase of 270 contracts - Guotai Junan with 19,608 contracts, an increase of 802 contracts - Dongzheng Futures with 13,568 contracts, an increase of 744 contracts [4]. - The top three short positions were held by: - Dongzheng Futures with a total position of 15,787 contracts, an increase of 1,134 contracts - Galaxy Futures with 14,761 contracts, an increase of 272 contracts - CITIC Futures with 12,769 contracts, a decrease of 203 contracts [4]. Changes in Positions - Among the top 20 positions, the largest increase in long positions was seen in: - GF Futures with an increase of 1,209 contracts to a total of 4,258 contracts - Dongzheng Futures with an increase of 728 contracts to a total of 12,840 contracts - Guotai Junan with an increase of 654 contracts to a total of 15,402 contracts [1]. - The largest increase in short positions was seen in: - Dongzheng Futures with an increase of 1,132 contracts to a total of 14,933 contracts - GF Futures with an increase of 313 contracts to a total of 2,627 contracts - Ping An Futures with an increase of 292 contracts to a total of 4,643 contracts [1].

Core Insights - The main contract for red dates (2601) experienced a decline of 4.80% as of July 4, with a trading volume of 419,000 contracts and a net short position of 10,521 contracts among the top 20 positions [1][3]. Trading Volume and Positions - Total trading volume for all red date contracts reached 612,800 contracts, an increase of 16,070 contracts from the previous day [1]. - Among the top 20 positions, long positions totaled 121,900 contracts, a decrease of 13,200 contracts, while short positions totaled 137,600 contracts, a decrease of 13,300 contracts [1]. Major Players - The top three long positions were held by Guotai Junan (14,261 contracts), Zheshang Futures (11,983 contracts), and Citic Futures (9,940 contracts) [1]. - The top three short positions were also led by Guotai Junan (23,240 contracts), Citic Futures (11,487 contracts), and Yong'an Futures (8,554 contracts) [1]. Changes in Positions - The top three increases in long positions were from Dongfang Caifu (2,076 contracts, an increase of 1,022), Galaxy Futures (3,693 contracts, an increase of 913), and Citic Jiantou (3,016 contracts, an increase of 718) [1]. - The top three decreases in long positions were from Citic Futures (4,540 contracts, a decrease of 1,035), GF Futures (3,659 contracts, a decrease of 938), and Founder Futures (3,998 contracts, a decrease of 663) [1]. Short Position Changes - The top three increases in short positions were from Guotai Junan (13,872 contracts, an increase of 2,550), Huatai Futures (4,464 contracts, an increase of 735), and Guotou Futures (2,452 contracts, an increase of 471) [1]. - The top three decreases in short positions were from Dongzheng Futures (4,074 contracts, a decrease of 1,949), COFCO Futures (4,717 contracts, a decrease of 1,363), and Citic Futures (7,447 contracts, a decrease of 1,261) [1].

21世纪经济报道记者孙永乐 上海报道 经历2024年一整年的低迷，今年以来A股IPO市场持续回暖，上半年高达177个IPO项目获得受理，仅在6 月30日，就有41家企业集中"报考"。 随着券业整合步伐的加快，IPO（首次公开发行）承销保荐江湖悄然生变，长期由"三中一华"（中信证 券、中金公司、中信建投、华泰联合证券）主导的投行业务格局迎来重塑。 据21世纪经济报道记者统计，上半年A股IPO"受理潮"中出现了38家券商的身影，头部券商凭借资源整 合能力迅速抢占先机，而中小券商因客户储备不足、专业能力短板，在"抢跑"中速度有限。 两家合并券商表现亮眼，国泰海通（601211.SH）上半年新增受理26个IPO项目，超越连续多年领跑的 中信证券，位居榜首；国联民生（601456.SH）也以黑马之势杀入前五，新增受理9个IPO项目。 承销榜首易主 2025年上半年，A股股权融资市场呈现显著的结构性增长。 据Wind数据统计，中国内地股票市场通过IPO、增发和可转债等方式，共完成全口径募资事件132起， 较去年同期增加19起，合计募集资金攀升至7098.54亿元，同比增幅高达520.69%。 从券商承销总额来看，上半年， ...

Market Overview - The FTSE China A50 Index components showed a mixed performance with banking, liquor, semiconductor, and logistics sectors rising, while non-ferrous metals and chemical pharmaceuticals sectors weakened [1] - BYD's stock price fell over 1% [1] Sector Performance Banking Sector - Major banks like China Pacific Insurance, Ping An Insurance, and China Life Insurance reported market capitalizations of 382.98 billion, 357.30 billion, and 1,030.15 billion respectively, with trading volumes of 9.81 million, 36.96 million, and 7.85 million [3] Liquor Industry - Key players such as Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,786.59 billion, 214.35 billion, and 467.31 billion respectively, with trading volumes of 40.87 million, 10.51 million, and 20.49 million [3] Semiconductor Sector - Companies like Northern Huachuang, Cambricon Technologies, and Haiguang Information had market capitalizations of 241.84 billion, 229.03 billion, and 315.09 billion respectively, with trading volumes of 24.36 million, 31.12 million, and 15.15 million [3] Automotive Sector - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of 1,818.73 billion, 186.84 billion, and 278.88 billion respectively, with trading volumes of 34.54 million, 4.39 million, and 5.94 million [3] Oil Industry - China Petroleum, Sinopec, and COSCO Shipping had market capitalizations of 239.78 billion, 688.67 billion, and 1,573.98 billion respectively, with trading volumes of 8.63 million, 6.43 million, and 7.64 million [3] Coal Industry - Major companies like China Shenhua and Shaanxi Coal and Chemical Industry had market capitalizations of 187.79 billion and 815.60 billion respectively, with trading volumes of 12.39 million and 6.45 million [3] Power Industry - Key players such as Yangtze Power and China Nuclear Power had market capitalizations of 360.33 billion and 737.96 billion respectively, with trading volumes of 20.49 million and 8.29 million [4] Food and Beverage Sector - Companies like Citic Securities, Guotai Junan, and Haitian Flavoring had market capitalizations of 409.94 billion, 340.96 billion, and 226.93 billion respectively, with trading volumes of 28.30 million, 3.94 million, and 16.84 million [4] Consumer Electronics - Industrial Fulian, Luxshare Precision, and Gree Electric Appliances had market capitalizations of 472.85 billion, 255.90 billion, and 242.55 billion respectively, with trading volumes of 30.57 million, 77.50 million, and 25.48 million [4] Chemical Products - Companies like Wanhua Chemical and SF Holding had market capitalizations of 239.20 billion and 271.34 billion respectively, with trading volumes of 12.28 million and 8.32 million [4] Construction and Engineering - China State Construction and Zijin Mining had market capitalizations of 532.88 billion and 166.95 billion respectively, with trading volumes of 27.26 million and 8.53 million [4]