Group 1 - Tencent has reduced its stake in China International Capital Corporation (CICC) by selling 4.96 million H-shares at an average price of HKD 21.16 per share, resulting in a cash inflow of approximately HKD 105 million [1] - In contrast, global asset management giants BlackRock and E Fund have increased their holdings in CICC, with BlackRock raising its stake to 5.01% and E Fund to 5.13% following their purchases on July 22 and July 25, respectively [1]

Group 1 - Tencent has reduced its stake in China International Capital Corporation (CICC) by selling 4.96 million H-shares at an average price of HKD 21.16 per share, realizing approximately HKD 105 million [1] - Global asset management giants BlackRock and E Fund have increased their holdings in CICC, with BlackRock's stake rising to 5.01% and E Fund's to 5.13% [1] - The divergent actions of Tencent and the two asset management firms indicate differing valuations of brokerage stocks, which may lead to increased volatility in CICC's stock price [1] Group 2 - The total scale of private asset management products by brokerages has reached CNY 5.52 trillion, the highest since October of the previous year [2] - Fixed-income products dominate the private asset management offerings, accounting for CNY 4.55 trillion, which is 82.5% of the total [2] - The shift towards fixed-income products reflects a conservative market risk appetite and may enhance the risk resistance of brokerage asset management businesses [2] Group 3 - Several high-performing quantitative funds have recently implemented purchase limits due to a surge in inflows, with Guojin Fund adjusting its purchase threshold from CNY 10 million to CNY 10,000 [3] - The rapid inflow of funds has created management pressure, prompting fund companies to take measures to stabilize operations and protect existing investors [3] - The trend of limiting purchases in quantitative funds indicates a heightened market enthusiasm for quantitative strategies and a growing awareness of rational investment [3] Group 4 - Zheng Yu has officially taken over as Chairman and General Manager of W矿证券, marking the conclusion of a significant personnel adjustment within the company [4] - This leadership change is part of a broader personnel restructuring within China Minmetals Corporation, aimed at enhancing decision-making efficiency and strategic execution [4] - W矿证券 is focusing on becoming a "specialized investment bank," which may strengthen its bond underwriting capabilities and improve its service to new productive forces [4]

Core Viewpoint - China International Capital Corporation (CICC) experienced a decline of 2.35% in stock price on July 31, with a trading volume of 1.09 billion yuan, indicating market volatility and investor sentiment towards the company [1] Financing Summary - On July 31, CICC had a financing buy-in amount of 151 million yuan and a financing repayment of 148 million yuan, resulting in a net financing buy of 2.36 million yuan [1] - As of July 31, the total financing and securities lending balance for CICC was 2.458 billion yuan, with the financing balance accounting for 2.32% of the circulating market value, indicating a relatively high level compared to the past year [1] - CICC's securities lending activity on July 31 included a repayment of 900 shares, with no shares sold, and a remaining securities lending balance of 140,130 yuan, which is below the 30th percentile of the past year [1] Company Overview - CICC, established on July 31, 1995, and listed on November 2, 2020, operates in investment banking, equity sales and trading, fixed income, commodities, currency, wealth management, and investment management [2] - The company's revenue composition includes wealth management (32.73%), equity business (20.81%), fixed income (17.37%), investment banking (12.11%), other (8.25%), asset management (5.14%), and private equity (3.60%) [2] Shareholder and Profitability Information - As of March 31, CICC had 139,600 shareholders, a decrease of 9.70% from the previous period, with an average of 21,000 circulating shares per shareholder, an increase of 10.77% [3] - For the first quarter of 2025, CICC reported a net profit attributable to shareholders of 2.042 billion yuan, representing a year-on-year growth of 64.85% [3] - CICC has distributed a total of 4.489 billion yuan in dividends since its A-share listing, with 3.620 billion yuan distributed in the last three years [4] Institutional Holdings - As of March 31, 2025, the top ten circulating shareholders of CICC included Hong Kong Central Clearing Limited, which increased its holdings by 1.1353 million shares to 49.5336 million shares [4] - Other notable institutional shareholders include Guotai Junan CSI Securities Company ETF, which increased its holdings by 2.8641 million shares, and Huatai-PB CSI 300 ETF, which decreased its holdings by 0.9614 million shares [4]

Group 1 - The article serves as a platform for sharing partial views from CICC's published research reports, emphasizing the importance of understanding the complete reports for accurate interpretation [2][3] - It highlights that the information and opinions provided do not constitute specific investment advice or recommendations for trading securities or financial instruments [2][3] - The content is directed towards CICC's clients in mainland China, and it is advised that subscribers assess the appropriateness of receiving the content before subscribing [3]

对于中金公司，科技巨头腾讯与国内外两大资管巨头出现分歧。 券商中国记者注意到，近日，港交所披露，腾讯出手减持中金公司H股496万股，卖出均价21.16港元/股，套现约1.05亿港元。 值得一提的是，全球资管巨头贝莱德和易方达基金分别在7月22日和7月25日对中金公司进行了增持，增持后贝莱德持有中金公司H股比例升至5.01%，易 方达基金持有中金公司H股比例升至5.13%。 腾讯出手减持 7月30日，港交所披露，7月25日，腾讯控股出手减持中金公司H股496万股，卖出均价21.16港元/股，套现约1.05亿港元。 港交所披露易显示，腾讯控股此前持有中金公司H股比例为11.01%，此次减持之后，持股比例降至10.75%。 | 股權披露 | | | | | | --- | --- | --- | --- | --- | | 披露楼益 | | | | | | 在指明日期的大股東完整名單 - 現有上市證券 | | | | | | | | | | 説明注釋 [ 友善列印 글 | | 股份代號: | 03908 | | | | | 上市法團名稱: | 中國國際金融股份有限公司 - H股 | | | | | 日期(日 / 月 ...

| 对于中金公司，科技巨头腾讯与国内外两大资管巨头出现分歧。 | | --- | 券商中国记者注意到，近日，港交所披露，腾讯出手减持中金公司H股496万股，卖出均价21.16港元/股，套现约1.05亿港元。 值得一提的是，全球资管巨头贝莱德和易方达基金分别在7月22日和7月25日对中金公司进行了增持，增持后贝莱德持有中金公司H股比例升至5.01%，易方达基金持 有中金公司H股比例升至5.13%。 腾讯出手减持 7月30日，港交所披露，7月25日，腾讯控股出手减持中金公司H股496万股，卖出均价21.16港元/股，套现约1.05亿港元。 港交所披露易显示，腾讯控股此前持有中金公司H股比例为11.01%，此次减持之后，持股比例降至10.75%。 | 股權披露 | | | | | | --- | --- | --- | --- | --- | | 披露楼益 | | | | | | 在指明日期的大般東完整名單 - 現有上市證券 | | | | | | | | | 説明注釋 目 | 友善列印 固 | | 股份代號: | 03908 | | | | | 上市法團名稱: | 中國國際金融股份有限公司 - H股 | | | ...

中国国际金融股份有限公司 关于中国铁路通信信号股份有限公司 使用暂时闲置募集资金进行现金管理的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为中国铁路通 信信号股份有限公司（以下简称"中国通号"或"公司"）首次公开发行股票并在科创板上 市的保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券 交易所科创板股票上市规则》等相关规定，对中国通号使用暂时闲置募集资金进行现金 管理的事项进行了审慎核查，核查情况及意见如下： 一、募集资金基本情况 根据证监会《关于同意中国铁路通信信号股份有限公司首次公开发行股票注册的批 复》（证监许可〔2019〕1135 号）的批准，公司首次公开发行人民币普通股 18.00 亿股， 募集资金总额人民币 10,530,000,000 元，募集资金净额为人民币 10,354,342,373.23 元。 上述资金已于 2019 年 7 月 16 日全部到位。安永华明会计师事务所（特殊普通合伙）对 前述事项进行了审验，并出具《中国铁路通信信号股份有限公司验资报告》（安永华明 （2019）验字第 61172338_A01 号）。募集资金到账后，已全 ...

证券日报网讯 7月31日晚间，达实智能发布公告称，中金公司系达实智能2022年度向特定对象发行A股 股票并在主板上市的保荐机构，于本次发行的股票上市之日起对公司进行持续督导工作，持续督导期至 2024年12月31日止。截至目前，持续督导期已满，因公司本次发行的募集资金尚有未完结的持续督导工 作，中金公司将对该事项继续履行持续督导义务。中金公司原委派持续督导的保荐代表人为王兴生先 生、胡安举先生，现因王兴生先生工作变动，不再继续担任达实智能持续督导的保荐代表人，为保证持 续督导工作的有序进行，中金公司委派辜冰涛先生接替王兴生先生继续担任达实智能的持续督导保荐代 表人，履行持续督导职责。 （文章来源：证券日报） ...

截至2025年7月31日15时，中金公司股价报36.21元，较前一交易日下跌2.35%。当日成交量为29.82万 手，成交金额达10.90亿元。 中金公司是中国领先的投资银行机构，主要从事投资银行、股票业务、财富管理等业务。公司预计上半 年归母净利润为34.53亿元到39.66亿元，同比增长55%到78%。 风险提示：市场有风险，投资需谨慎。 港交所披露易数据显示，贝莱德于7月22日买入126.24万股中金公司H股，平均价格为20.2190港元/股。 此番买入后，贝莱德对中金公司的好仓持股比例保持在5%以上。自6月以来，贝莱德持续对中金公司H 股进行多番交易操作。 2025年7月31日，中金公司主力资金净流出9776.79万元，占流通市值比为0.09%。 本文源自：金融界 作者：A股君 ...

据经济观察报从相关人士处了解，中金公司该笔短期融资券未发行成功的原因，并非受发行利率因素影 响，后期，中金公司将视需要统筹安排融资计划。 关于取消发行的原因，中金公司表示，由于实际发行规模未达预期，本公司经与申购机构协商一致决定 取消本期债券的发行。如有新的进展，本公司将及时进行披露。 7月31日，中国国际金融股份有限公司(下称"中金公司（601995）")公告，由于实际发行规模未达预 期，本公司经与申购机构协商一致，决定取消发行"25中金公司CP006"。本期债券的计划发行量为11.8 亿元，实际认购量为10.7亿元，期限75天，发行日期为2025年7月30日。 新世纪评级研究数据显示，2025年二季度，证券公司债券发行规模合计2898.90亿元，发行主体涉及64 家证券公司。具体来看，45家证券公司发行一般公司债券1589.20亿元，15家证券公司发行次级债券361 亿元，34家证券公司发行短期融资券948.70亿元。证券公司新发行债券中，主体级别为AAA级的债券规 模合计占比为96.48%。此外，3年期证券公司债发行利率均值为1.96%。 据悉，"25中金公司CP006"是一笔短期融资券，主题评级为AA ...