Core Viewpoint - The company is planning a share swap merger with Dongxing Securities and CICC, which involves issuing A-shares to the shareholders of both companies [1] Group 1 - The merger is being structured as a share swap, where CICC will issue A-shares to all A-share shareholders of Dongxing Securities and the company will issue A-shares to all A-share shareholders of its own [1] - There is significant uncertainty regarding the restructuring matters, which necessitates the continuation of the stock suspension to ensure fair information disclosure and protect investor interests [1] - The company’s A-shares will remain suspended from trading in accordance with the relevant regulations of the Shanghai Stock Exchange to avoid abnormal fluctuations in stock prices [1]

根据上海证券交易所的相关规定，经公司申请，公司 A 股股票（证券简称： 中金公司，证券代码：601995）自 2025 年 11 月 20 日（星期四）开市时起开始 停牌。本次重组涉及到 A+H 股两地上市公司同时吸收合并两家 A 股上市公司， 涉及事项较多、流程较为复杂，根据上海证券交易所的相关规定，预计停牌时间 不超过 25 个交易日。具体内容详见公司于 2025 年 11 月 20 日、2025 年 11 月 27 日披露的《中金公司关于筹划重大资产重组的停牌公告》（公告编号：临 2025-039）、《中金公司关于筹划重大资产重组的停牌进展公告》（公告编号： 临 2025-040）。 鉴于本次重组相关事项存在重大不确定性，为保证信息公平披露，维护投资 者利益，避免造成公司股价异常波动，根据上海证券交易所相关规定，公司 A 股股票将继续停牌。 停牌期间，公司将积极推进各项工作，并根据本次重组进展情况，严格按照 有关法律法规的规定和要求履行信息披露义务。待相关事项确定后，公司将及时 发布相关公告并申请公司 A 股股票复牌。 证券代码：601995 证券简称：中金公司 公告编号：临 2025-041 中国国际 ...

中金公司(03908.HK)公告，公司应本公司要求，本公司H股及由CICC Hong Kong Finance 2016 MTN Limited发行并由中国国际金融（国际）有限公司担保及受益于本公司提供之维好契据的若干票据（股 份代号：4309、4310、5718、5824及40562）已于2025年11月20日（星期四）上午九时正起暂停买卖， 并将继续暂停买卖，以待与有权监管机构确认拟议合并适用的合规要求，及待本公司根据《香港联合交 易所有限公司证券上市规则》刊发一份载有本公司内幕消息之公告。此外，本公司在上交所上市之A股 已于2025年11月20日（星期四）上午开市时起暂停买卖，并将继续暂停买卖。本公司相关A股公告列 明，预计暂停买卖时间不超过25个A股交易日。 ...

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 03908 於2027年到期的500,000,000美元利率為5.012厘的票據 （股份代號：4309） 於2027年到期的700,000,000美元浮動利率票據 （股份代號：4310） 於2026年到期的1,250,000,000美元利率為5.493厘的票據 （股份代號：5718） 於2026年到期的500,000,000美元利率為5.442厘的票據 （股份代號：5824） 於2026年到期的500,000,000美元利率為2.000厘的票據 （股份代號：40562） 停牌之最新進展 茲提述中國國際金融股份有限公司（「本公司」）日期為2025年11月19日的短暫停牌公告 （「該公告」）及日期為2025年11月26日的停牌之最新進展公告。除另有界定者外，本公告 所用詞彙與該公告所界定者具相同涵義。 截至本公告 ...

Core Viewpoint - The company is planning a complex share swap merger with Dongxing Securities and Cinda Securities, involving both A and H shares, leading to the continued suspension of its A-share stock due to significant uncertainties in the restructuring process [2] Group 1: Merger Details - The company is collaborating with Dongxing Securities and Cinda Securities to execute a share swap merger [2] - The merger will involve issuing A-shares to all A-share shareholders of Dongxing Securities and Cinda Securities [2] - The restructuring process is complicated due to the involvement of both A and H share listed companies [2] Group 2: Stock Suspension - The company's A-share stock will remain suspended as a result of the uncertainties surrounding the merger [2]

Core Insights - The total number of IPO projects under review is 265, with various statuses including accepted, inquired, registered, and suspended [3][4][5] - The leading underwriting institution is Guotai Haitong Securities, handling 35 projects, followed by CITIC Securities with 29.5 projects, and CITIC Jianzhong Securities with 21 projects [2][4] Summary by Category IPO Project Status - The breakdown of the 265 IPO projects shows: - Accepted: 18 - Inquired: 34 - Registered: 15 - Suspended: 1 - Terminated: 76 [4][5] Underwriting Institutions - The concentration of projects among the top ten underwriting institutions accounts for 61.51% of all projects, indicating a high level of project concentration [2] - The top three underwriting institutions are: - Guotai Haitong Securities: 35 projects - CITIC Securities: 29.5 projects - CITIC Jianzhong Securities: 21 projects [2][4] Project Distribution by Board - The distribution of projects across different boards is as follows: - Shanghai Main Board: 18 projects - Sci-Tech Innovation Board: 34 projects - Shenzhen Main Board: 21 projects - Growth Enterprise Market: 27 projects - Beijing Stock Exchange: 165 projects [4][5]

Core Viewpoint - Dazhu CNC has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC acting as the sole sponsor [1] Company Overview - Dazhu CNC specializes in the research, development, production, and sales of PCB (Printed Circuit Board) dedicated production equipment, providing end-to-end process solutions for PCB manufacturers [1] - The company serves downstream industries including servers, automotive electronics, and mobile phones [1] Market Position - According to Zhaoshang Consulting, Dazhu CNC is the largest manufacturer of PCB dedicated production equipment in China, with a market share of 10.1% based on projected revenue for 2024 [1]

Core Viewpoint - Anker Innovations has submitted an application for listing on the Hong Kong Stock Exchange, with joint sponsors including China International Capital Corporation, Goldman Sachs, and JPMorgan Chase [1] Company Overview - Anker Innovations is a global smart hardware technology company focused on providing a wide range of reliable products and exceptional user experiences [1] - The company's product lines cover three main areas: smart charging and energy storage, smart home and innovation, and smart audio-visual [1] - Specific products include mobile charging, consumer-grade energy storage, smart security, smart cleaning, creative printing, smart audio, and smart projection [1]

（文章来源：第一财经） 中金认为，中美重磅会议落地前，无论是美国宽松预期继续发酵，还是中国增量政策预期抬升，都可能 支持风险资产表现。具体来讲，我们建议会议前维持超配中国股票，风格更均衡，会议后根据政策情况 选择风格板块。目前成长风格已经经历一轮明显回调，可能存在反弹机会；周期价值风格估值相对较 低，存在补涨空间；进入12月下旬，红利资产也可能凸显防御价值。整体而言，沪深300指数动态市盈 率12倍，接近历史均值，估值与此前牛市高点比还有充分扩张空间（图表10），我们认为中国股票牛市 尚未结束。 ...

中金公司首席策略师缪延亮表示，现在时机尤其有利，因为美元可能正步入一段长期疲软期，而中国制 造业的竞争力越来越强。他曾担任中央外汇业务中心首席经济学家。 ...