本期债券发行工作已于2025年9月15日结束，发行结果如下： 品种一最终发行规模为30亿元，票面利率 为1.93%; 品种二最终未实际发行。 中金公司（601995）(03908)发布公告，根据《中国国际金融股份有限公司 2025 年面向专业机构投资者 公开发行公司债券(第三期)发行公告》(以下简称"《发行公告》")，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公司债券(第三期)(以下简称"本期债券")的发行规模为不超过40亿元(含40 亿元)，发行价格100元/张。本期债券采取面向《公司债券发行与交易管理办法》及相关管理办法规定 的专业投资者询价配售的方式发行。 ...

Core Viewpoint - China International Capital Corporation (CICC) announced the issuance of corporate bonds aimed at professional institutional investors, with a total issuance scale of up to 4 billion yuan, concluding on September 15, 2025 [1] Summary by Categories Issuance Details - The issuance scale of the bonds is set at no more than 4 billion yuan, including 4 billion yuan [1] - The bonds are priced at 100 yuan per bond [1] - The issuance method follows the regulations for professional investors as per the "Management Measures for the Issuance and Trading of Corporate Bonds" [1] Results of the Issuance - The final issuance scale for the first type of bond reached 3 billion yuan, with a coupon rate of 1.93% [1] - The second type of bond was not actually issued [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） 茲載列中國國際金融股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司2025 年面向專業機構投資者公開發行公司債券（第三期）發行結果公告，僅供參閱。 承董事會命 中國國際金融股份有限公司 董事會秘書 孫男 中國，北京 2025年9月15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 公开发行公司债券（第三期）发行结果公告 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。 ...

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 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國國際金融股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司2023 年面向專業投資者非公開發行公司債券（第二期）（品種一）2025年債券回售實施結果公 告，僅供參閱。 承董事會命 中國國際金融股份有限公司 董事會秘書 孫男 中國，北京 2025年9月15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。 债券代码:252379 重要内容提示: 一、本期债券回售登记情况 2017 45 @ ...

港交所：腾讯将在中金公司的H股持股比例从6.07%降至5.92%。 ...

Company Overview - The company is named Meixin Technology Co., Ltd., with the stock code 301588.SZ, and it operates in the rubber and plastic products industry [6]. IPO Information - The IPO application date was March 31, 2022, and the listing date was March 13, 2024, with an average listing cycle of 629.45 days, while Meixin Technology's cycle was 713 days, exceeding the average [3][6]. - The underwriting and sponsorship fees amounted to 39.62 million yuan, with a commission rate of 9.20%, higher than the overall average of 7.71% [4]. - The initial public offering (IPO) price-to-earnings (P/E) ratio was 20.90 times, which is 96.49% of the industry average of 21.66 times [9]. Market Performance - On the first day of trading, the stock price increased by 157.86% compared to the issue price [5]. - After three months of trading, the stock price rose by 75.38% from the issue price [8]. - The actual fundraising amount was 431 million yuan, which represents a decrease of 58.10% from the expected fundraising of 1.028 billion yuan [10]. Financial Performance - In 2024, the company's operating revenue increased by 5.03% year-on-year, while the net profit attributable to the parent company decreased by 22.90%, and the net profit excluding non-recurring gains and losses dropped by 26.49% year-on-year [11]. Evaluation and Scoring - The total score for Meixin Technology's IPO project was 78.5 points, classified as grade C. Negative factors affecting the score include the need for improved information disclosure quality, a lengthy listing cycle, high issuance cost ratio, significant reduction in actual fundraising amount, and a decline in net profit in the first accounting year [12].

中金公司策略团队在近期发布的《牛市成因之辩——国际货币体系变迁视角》中表示，美元贬值和创新 叙事反转相结合，两者反映的全球货币秩序重构可能是本轮中国权益资产行情的核心驱动力。如果政策 应对得当，人民币资产有望受益于全球货币体系加速碎片化、多元化的双重红利——碎片化加速中国在 海外的资金回流，多元化驱动全球资金再平衡，或有部分资金流向中国资本市场。总体看，美联储重启 降息或将促进全球资金流动性释放、对美元汇率形成一定下行压力，从而有望进一步推动全球资金再配 置。 首先，美联储降息一定程度或有助于缓解我国货币政策外部掣肘。我国将继续执行"适度宽松的货币政 策"。 其次，美联储降息可能带来弱势美元。人民币相对升值可能对出口及出海类企业产生一定影响，但相应 有美元借款企业的偿还压力也降低，财务层面需要考虑汇兑损益对不同企业影响。 最后，美联储降息往往伴随全球资金再配置。尤其是在当前全球货币体系重构背景下，美国降息促进全 球资金流动性释放，中国资产可能相对受益。 近期，市场对美联储重启降息的预期再度升温。截至9月13日，根据CME FedWatch，市场对美联储9月 重启降息的预期概率超过90%，且10月、12月降息的 ...

Group 1 - The Federal Reserve is expected to restart interest rate cuts in September 2024, with three cuts anticipated in 2024, but no cuts have occurred in 2025 due to various uncertainties [2][4] - Recent U.S. inflation data shows a slight increase, with the August CPI rising to 2.9% year-on-year and core CPI at 3.1%, compared to the previous month's figures of 2.7% and 3.0% respectively [2][4] - Employment data indicates a weaker job market, with only 22,000 jobs added in August, falling short of market expectations, and a significant downward revision of 911,000 jobs in the initial employment statistics from April 2024 to March 2025 [2][3] Group 2 - The Fed's interest rate cuts may alleviate external constraints on China's monetary policy, as China has already implemented two rate cuts since the Fed's current easing cycle began [6] - A weaker U.S. dollar is anticipated as a result of the Fed's cuts, with the dollar to RMB exchange rate declining from approximately 7.3 at the beginning of 2025 to around 7.1 recently, impacting export-oriented companies and those with dollar-denominated debts [6] - The Fed's rate cuts typically lead to a global reallocation of funds, potentially benefiting Chinese assets, especially in the context of a restructuring global monetary system [6] Group 3 - Historical analysis of past Fed rate cut cycles shows that growth-oriented stocks in A-shares and Hong Kong stocks tend to perform well, while dividend-focused stocks lag behind [7] - In the first 11 weeks following the Fed's cuts, non-bank financial sectors in both A-shares and Hong Kong stocks have shown strong performance, while sectors like coal, utilities, and transportation have underperformed [7] - Over a 20-week period, sectors such as computer, electronics, and communication in A-shares, as well as hardware, semiconductors, and environmental protection in Hong Kong stocks, have seen significant gains [7]

Core Viewpoint - The article emphasizes the establishment of a digital research platform by CICC, aiming to provide efficient, professional, and accurate research services by integrating insights from over 30 specialized teams and covering more than 1800 individual stocks [1]. Group 1: Research Services - CICC's digital research platform offers a comprehensive suite of services including research reports, conference activities, fundamental databases, and research frameworks [1]. - The platform features daily updates on research focuses and timely article selections through CICC Morning Report [4]. - It includes live broadcasts where senior analysts interpret market hotspots [4]. Group 2: Data and Frameworks - The platform provides access to over 3,000 complete research reports covering macroeconomics, industry research, and commodities [9]. - It boasts more than 160 industry research frameworks and over 40 premium databases, along with a premium data dashboard [10]. - The platform incorporates AI search capabilities for efficient information retrieval and intelligent Q&A features [10].

Group 1 - The core point of the article is that E Fund Management Co., Ltd. has increased its stake in China International Capital Corporation (CICC) by purchasing 4.6084 million shares at an average price of HKD 20.8268 per share, resulting in a total investment of approximately HKD 95.98 million [1] - Following this transaction, E Fund's total shareholding in CICC has risen to 154,791,200 shares, increasing its ownership percentage from 7.89% to 8.13% [1][2]