此乃要件 請即處理 閣下如已將名下全部中國國際金融股份有限公司股份售出或轉讓，應立即將本通函及隨附的委 任代表表格交予買方或承讓人，或送交經手買賣或轉讓的銀行、股票經紀或其他代理商，以便 轉交買方或承讓人。 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他註冊證 券商、銀行經理、律師、專業會計師或其他專業顧問。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 China International Capital Corporation Limited 03908 不再設立監事會並修訂《公司章程》 修訂《股東大會議事規則》並更名 修訂《董事會議事規則》 選舉執行董事並確定其報酬 2025年中期利潤分配方案 及 2025年第一次臨時股東大會通告 中國國際金融股份有限公司謹定於2025年10月31日（星期五）下午2時30分於中國北京市朝陽區 針織路23號國壽金融中心30層3004、3005會議室舉行2025年第一次臨時股東大會 ...

一直以来，中金公司以多层次资本市场为依托，充分发挥"投资+投行+研究"一体化联动优势，持续为湖北经济和产业发展提供全方位综合金融服务。目 前，中金公司在湖北省设有湖北分公司、中金财富湖北分公司及11家营业部，通过投行业务为湖北省内龙头国企和中小企业提供股债融资、并购重组、公募 REITs等服务；通过股票业务为省内企业引入优质的境内外机构投资者，并为上市公司及国有投资平台提供市值管理、股份增减持、存量资产盘活等服务； 通过固收业务积极协助各级政府的债券发行，通过私募股权业务在湖北省发起设立基金。 未来，中金公司将继续依托资本市场专业优势，持续加大在湖北的业务布局力度，集聚优质客户和项目资源，为湖北省政府、各类企业、广大居民等提供全 方位高质量金融服务，积极助力湖北打造现代化产业体系，加快发展新质生产力，共同把握中欧经贸合作、湖北与欧洲经贸合作的新机遇。 an 8 E 合作论坛 turar Data 200 湖北日报讯（记者刘天纵、李朝霞、张灿、刘柳、陈少哲、通讯员沈商轩）10月15日，在2025中国—北欧经贸合作论坛上，中国国际金融股份有限公司董事 长陈亮直言："湖北在国家科创版图中的重要性、贡献率、显示度等不 ...

国国际金融股份有限公司董事长陈亮在论坛上发言。人民网记者 任峰涛摄 在发言环节，中国国际金融股份有限公司董事长陈亮表示，作为中部地区崛起的重要战略支点，湖北承 东启西、连南接北，具有九省通衢、得"中"独厚的优势。目前，湖北在国家科创版图中的重要性、贡献 率、显示度不断凸显，科技力量矩阵加速形成，光电子信息、汽车制造与服务、大健康三大产业均迈入 万亿级，为全球投资者提供了无限商机。作为辐射全国、联通世界的枢纽中心，湖北正逐步成为连接中 国与世界的重要门户，中欧合作、湖北与欧洲合作正持续涌现出越来越多的机遇。 陈亮表示，一直以来，中金公司以多层次资本市场为依托，充分发挥"投资+投行+研究"一体化联动优 势，持续为湖北经济和产业发展提供全方位综合金融服务，秉持"植根中国，融通世界"的理念，凭借专 业的金融服务和广泛的国际网络，积极助力"引进来"与"走出去"。未来，中金公司将继续依托资本市场 专业优势，持续加大在湖北的业务布局力度，集聚优质客户和项目资源，为湖北省政府、各类企业、广 大居民等提供全方位高质量金融服务，积极助力湖北打造现代化产业体系，加快发展新质生产力。 人民网北京10月15日电 (记者栗翘楚)10月1 ...

Core Insights - CICC's stock price decreased by 0.13% on October 14, with a trading volume of 1.085 billion yuan [1] - The company recorded a net financing purchase of 12.43 million yuan on the same day, with total financing and securities lending balance reaching 2.566 billion yuan [1] Financing Overview - On October 14, CICC had a financing purchase of 161 million yuan, with a financing balance of 25.65 billion yuan, accounting for 2.33% of its market capitalization [1] - The financing balance is above the 60th percentile of the past year, indicating a relatively high level [1] Securities Lending Overview - On the same day, CICC repaid 100 shares of securities lending and sold 5,100 shares, amounting to 192,300 yuan based on the closing price [1] - The remaining securities lending balance was 38,700 shares, with a total value of 1.459 million yuan, which is below the 40th percentile of the past year, indicating a low level [1] Company Profile - CICC, established on July 31, 1995, and listed on November 2, 2020, operates in investment banking, equity sales and trading, fixed income, commodities, wealth management, and investment management [2] - The company's revenue composition includes wealth management (32.58%), equity business (25.78%), fixed income (13.38%), investment banking (11.26%), other (8.87%), asset management (4.21%), and private equity (3.91%) [2] Shareholder Information - As of June 30, the number of CICC shareholders was 124,000, a decrease of 11.17%, while the average circulating shares per person increased by 12.62% to 23,649 shares [3] - For the first half of 2025, CICC reported a net profit of 4.33 billion yuan, a year-on-year increase of 94.35% [3] - CICC has distributed a total of 4.924 billion yuan in dividends since its A-share listing, with 2.607 billion yuan in the last three years [3]

Core Viewpoint - Hantian Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor [1] Group 1: Company Overview - Hantian Technology is the world's first mass producer of 8-inch silicon carbide (SiC) epitaxial chips and the first in China to achieve mass supply of 3, 4, 6, and 8-inch SiC epitaxial chips [1] - As of 2023, Hantian Technology is the largest SiC epitaxial supplier globally by sales volume, with a market share exceeding 30% projected for 2024 [1] - The company has sold over 164,000 SiC epitaxial chips cumulatively by 2024, with total deliveries exceeding 500,000 chips during the historical performance period [1] Group 2: Industry Leadership - Hantian Technology leads the global SiC epitaxial industry and has established the first and only SEMI industry standard for SiC epitaxy [1] - The company's customer base includes 4 out of the top 5 global SiC power device giants and 7 out of the top 10 power device companies [1] Group 3: Application Areas - SiC epitaxial chips are applicable in a wide range of sectors, including electric vehicles, charging infrastructure, renewable energy, energy storage, home appliances, AI computing, data centers, smart grids, and eVTOL [1]

Group 1 - The Hong Kong IPO financing amount has increased by over 200% year-on-year, leading to a tight capacity for investment banks in the region [1] - Major international investment banks like Goldman Sachs and Morgan Stanley are shifting from a contraction strategy to accelerating talent recruitment in Asia-Pacific regions such as Hong Kong and India due to a rich project reserve [1] - Domestic and foreign brokers are actively developing wealth management businesses to capture investment opportunities arising from the favorable A-share and Hong Kong stock markets [1] Group 2 - As of now, the average daily trading (ADT) in the Hong Kong market is HKD 255 billion, a 93% increase compared to 2024; there have been 71 new listings raising HKD 1,873 billion [2] - In the third quarter of 2025, 25 new companies were listed in the Hong Kong market, raising a total of HKD 773 billion, which is an 83% year-on-year increase [2] - The brokerage sector is expected to see a net profit growth of over 50% year-on-year in the first half of 2025, continuing into the third quarter [1][2] Group 3 - Huatai Securities emphasizes the strategic allocation opportunities in the brokerage sector, driven by multiple factors including policy, funding, performance, and valuation [3] - The capital market is undergoing profound reforms, with a shift towards a new stage of co-development in investment and financing, leading to increased funds flowing into the equity market [3] - The brokerage sector's valuation remains relatively low, indicating a key period for strategic recovery opportunities [3] Group 4 - Notable Chinese brokerage firms listed in Hong Kong include CITIC Securities, CICC, GF Securities, Dongfang Securities, and Everbright Securities [4]

Core Insights - The article discusses the development and application of the Kronos model, a Time-Series Foundation Model (TSFM) specifically designed for financial market data, particularly K-line data [3][9][17] - Kronos aims to address the challenges of low signal-to-noise ratio and strong non-stationarity in financial time series data, which often hinder the performance of general-purpose models [3][9] - The model employs a two-phase framework: K-line tokenization and autoregressive pre-training, allowing it to effectively learn the complex "language" of financial markets [12][13][17] Summary by Sections Introduction to TSFM - TSFMs have emerged from the success of large-scale language models in NLP and CV, focusing on pre-training on diverse time series data to create a general-purpose model adaptable to various tasks [2][6] - The key advantages of TSFMs include their generalization and transfer learning capabilities, enabling them to learn universal time patterns and trends from vast datasets [2][6] Overview of Kronos Model - Kronos is tailored for financial K-line data, utilizing a "domain pre-training + fine-tuning" approach to deeply understand financial market characteristics [3][9] - The model's architecture includes a specialized tokenizer and a large autoregressive Transformer model, which learns the syntax and dynamics of financial data [9][12][17] Performance Evaluation of Kronos - Initial tests of the Kronos standard model on major A-share indices showed a high correlation between predicted and actual closing prices, with a Spearman correlation coefficient of 0.732 for the 5-day forecast [4][19] - The model's predictive performance improved significantly when fine-tuned, achieving a Spearman correlation of 0.856 for the same forecast [4][39] Application of Kronos in Timing Strategies - The article explores the application of Kronos in constructing timing strategies based on predicted closing prices, specifically for the CSI 1000 index [30][33] - The strategy generated positive returns, but it missed significant upward trends since July 2025, indicating a reliance on prior index reversal logic [30][33] Enhanced Performance with Fine-Tuning - A fine-tuned version of Kronos demonstrated a 33.9% return in 2025, with an annualized excess return of 9%, outperforming the original method by over 20 percentage points [5][42] - The fine-tuning process involved adjusting model parameters and rolling adjustments to better adapt to market conditions, leading to improved predictive accuracy [34][42] Conclusion - Kronos represents a significant advancement in financial time series forecasting, effectively capturing the complexities of financial data and translating predictions into actionable investment strategies [17][42]

Group 1 - The core point of the article is that China International Capital Corporation (CICC) has announced the issuance of technology innovation corporate bonds with a total scale of up to RMB 1 billion [1] - The coupon rate inquiry range for the bonds is set between 1.40% and 2.10% [1] - The final coupon rate for the bonds has been determined at 1.71% based on the results of the offline investor inquiry conducted by the lead underwriter [1]

Core Viewpoint - China International Capital Corporation (CICC) announced the issuance of technology innovation corporate bonds with a total scale of up to RMB 1 billion, targeting professional institutional investors [1] Group 1: Bond Issuance Details - The bond issuance is referred to as the first phase of the technology innovation corporate bonds [1] - The coupon rate inquiry range for the bonds is set between 1.40% and 2.10% [1] - The final coupon rate for the bonds was determined to be 1.71% based on the results of the offline investor inquiries conducted by the lead underwriter [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China International Capital Corporation Limited 中 國 國 際 金 融 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03908） 海外監管公告 中國，北京 2025年10月14日 於本公告日期 ，本公司執行董事為陳亮先生；非執行董事為張薇女士及孔令岩先生； 以及獨立非執行董事為吳港平先生、陸正飛先生、彼得 • 諾蘭先生及周禹先生。 中国国际金融股份有限公司 2025 年面向专业机构投资者公开发 行科技创新公司债券（第一期）票面利率公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实、准确和完整承担个别及连带责任。 中国国际金融股份有限公司面向专业投资者公开发行不超过 200 亿元（含 200 亿元） 公司债券已获得中国证券监督管理委员会《关于同意中国国际金融股份有限公司向专业 ...