积极利用云计算、大数据、人工智能以及区块链等技术手段提升平台的服务与安全性，依靠科技资源和 数据优势进行创新，强化用户体验，赋能金融发展。 深圳农商银行 富德生命人寿保险股份有限公司 东方证券股份有限公司 颁奖词 获奖机构 中国工商银行股份有限公司深圳市分行 中国农业银行股份有限公司深圳市分行 中国国际金融股份有限公司 招商银行股份有限公司深圳分行 近年来，中金公司对大模型进行了一系列前瞻性布局，建设多个核心应用场景。2021年启动智能平 台"九章"的建设；2022年推出了AI数字员工Jinn；2024年落地多个大模型关键应用；今年完成DeepSeek 本地化部署，并融合至应用体系，实现了智能投顾助手的升级迭代，更构建投顾服务领域"热点发现-资 讯处理-策略生成"的三位一体服务生态。 招商银行股份有限公司深圳分行 招商银行深圳分行依靠专业化的跨境融资、并购金融、债券承销等特色产品，提供"本外币、境内外、 投商行、股债权"的全方位金融服务；大力发展金融科技，打造手机银行App开放服务平台，以及覆盖 企业核心经营环节的场景化服务能力。 获奖理由 中国工商银行股份有限公司深圳市分行 工行深圳市分行推进数字工行（D- ...

Core Viewpoint - The announcement of a major asset restructuring involving China International Capital Corporation (CICC), Dongxing Securities, and Xinda Securities marks the beginning of a significant consolidation within the brokerage industry, aiming to create a new "carrier-level" brokerage with total assets exceeding 1 trillion yuan [2][3]. Group 1: Background and Strategic Context - The restructuring aligns with the directives from the Central Financial Work Conference and the new "National Nine Articles," which emphasize the cultivation of top-tier investment banks and institutions [3]. - The restructuring is seen as a strategic move to enhance core competitiveness through mergers and organizational innovation, with a goal of establishing 2-3 internationally competitive investment banks by 2035 [3][6]. Group 2: Company Performance and Characteristics - CICC reported a revenue of 20.76 billion yuan for the first three quarters of 2025, a year-on-year increase of approximately 54%, with a net profit of 6.57 billion yuan, up 130% [4]. - Dongxing Securities achieved a revenue of 3.61 billion yuan and a net profit of 1.6 billion yuan, reflecting a 70% increase year-on-year [5]. - Xinda Securities generated total revenue of 3.02 billion yuan, with a net profit of 1.35 billion yuan, marking a 28% and 53% increase respectively [5]. Group 3: Industry Implications and Future Expectations - The merger is expected to create a brokerage with total assets surpassing 1 trillion yuan, positioning it as the fourth-largest listed brokerage in A-shares [5]. - The new entity will leverage CICC's strengths in investment banking and cross-border services, while Dongxing and Xinda will contribute their expertise in retail brokerage and asset management [4][5]. - The restructuring is part of a broader trend in the Chinese securities industry, aiming to optimize participant structures and enhance the overall stability and efficiency of the capital market [7][9].

Group 1 - The core viewpoint of the article highlights the significant transformation in the M&A market, moving from simple scale expansion to deeper strategic integration and value creation, reflecting the pulse of China's economic transformation and upgrade [1] Group 2 - The M&A market has shifted from a "scale-oriented" approach to one dominated by "industrial logic," emphasizing the need for companies to enhance their strengths and optimize their operations [2] - A notable example is the proposed merger of CICC with Dongxing Securities and Xinda Securities, which aims to leverage their complementary advantages and create a powerful synergy in the financial sector [2] - The State-owned Assets Supervision and Administration Commission (SASAC) is promoting the professional integration of central enterprises, emphasizing the importance of aligning M&A activities with future industry and technology trends [2] Group 3 - "Hard technology" has emerged as the most active sector for M&A, driven by the need for technological breakthroughs and industrial upgrades, with companies seeking to acquire cutting-edge technologies and core talent through acquisitions [3] - The integration of upstream and downstream in the industrial chain has become a mainstream model, with leading companies aiming to secure key technologies and enhance the resilience of the entire industry chain [3] - Policies such as the "Science and Technology Innovation Board Eight Articles" and "M&A Six Articles" are guiding capital towards the "hard technology" sector, providing clear direction and strong momentum for this M&A wave [3] Group 4 - The focus of successful M&A has shifted from transaction execution to integration effectiveness, with value creation becoming the key measure of success [4] - Regulatory bodies are emphasizing the importance of effective integration post-acquisition, assessing the sustainability of the target company's operations and the reasonableness of the acquisition price [4] - The strategic transformation in the M&A market represents an upgrade in the ability of the capital market to serve the real economy, with a continued focus on industrial logic, technological innovation, and integration effectiveness [4]

1. Report Industry Investment Rating - No information provided regarding the industry investment rating in the given content. 2. Core View of the Report - From November 17th to November 21st, the US September non - farm data showed an unexpected increase in new employment but a higher unemployment rate. The US dollar index rose weekly, and global and domestic stocks, bonds, and commodities all declined to varying degrees. In general, in terms of US - dollar valuation, bonds > commodities > stocks. Investors' concerns about the Japanese market and AI have increased, and the volatility of major asset prices may increase. Attention should be paid to the release of US inflation data [3][6][19]. 3. Summary According to the Directory 3.1 Global Major Asset Overall Performance: Stocks, Bonds, and Commodities All Declined - **Global Stock Market Overview**: Due to the uncertainty of US dollar interest rate cuts and the increasing concerns about AI, global major stock markets generally declined. The Asia - Pacific region had the largest decline, and emerging markets performed worse than developed markets. The VIX index rose significantly weekly [8]. - **Global Bond Market Overview**: The September non - farm data failed to eliminate the differences among Fed officials, increasing the uncertainty of US dollar interest rate cuts. The yields of medium - and long - term US bonds declined, and the yield of the 10 - year US bond fell by 8BP to 4.06% weekly. The bond market declined weekly. Globally, credit bonds > high - yield bonds > national bonds [15]. - **Global Foreign Exchange Market Overview**: The game between the large - scale fiscal stimulus policy and the normalization of the Bank of Japan's monetary policy caused market concerns. The Japanese yen depreciated rapidly against the US dollar, and the US dollar index rose weekly. Most major non - US currencies declined against the US dollar, and the RMB exchange rate fluctuated within a narrow range. The US dollar index rose 0.87% weekly [16]. - **Global Commodity Market Overview**: The US proposed a "28 - point" new plan to end the Russia - Ukraine conflict, and the possible framework agreement between Russia and Ukraine led to a significant weekly decline in international oil prices. Precious metal prices continued to consolidate at high levels. The prices of major agricultural products rose, and non - ferrous metal prices generally declined [18]. 3.2 Domestic Major Asset Performance: Stocks and Commodities Declined, and the Bond Market Fluctuated - **Domestic Stock Market Overview**: Affected by the overseas market, major broad - based A - share indexes generally declined. The average daily trading volume of the two markets decreased compared to the previous week. In terms of style, large - cap blue - chip stocks were relatively resilient. In terms of sectors, power equipment and new energy, basic chemicals, etc. saw large declines. The Shanghai Composite Index fell 3.9% weekly [20]. - **Domestic Bond Market Overview**: From November 17th to November 21st, the central bank's net investment in the open market was 43.4 billion yuan. The capital market was relatively tight. The bond market fluctuated weekly. Overall, credit bonds > corporate bonds > national bonds [23]. - **Domestic Commodity Market Overview**: The domestic commodity market declined weekly. Among the major commodity sectors, precious metals had the largest decline [24]. 3.3 Major Asset Price Outlook: Pay Attention to the Release of US Inflation Data - Recently, investors' concerns about the Japanese market and AI have increased, and the volatility of major asset prices may increase. Attention should be paid to the release of US inflation data [3][26].

东北，这片曾铸就新中国工业辉煌的热土，承载着"共和国长子"的荣光。然而，在时代发展浪潮中，部 分国企因历史包袱、投资失利等问题一度陷入困境，其命运不仅关乎自身存续，更牵动着东北振兴大 计。 企业重组是优化资源配置、化解发展困境的重要路径。以中金公司为代表的专业金融机构，深耕东北老 工业基地，通过为企业量身定制重组方案，不仅破解了企业生存难题，还激活了区域产业创新动能，培 育了新质生产力，为东北振兴注入强劲金融动力。 化解企业沉疴，系统性重组盘活"工业母机" 在沈阳机床的宽敞车间里，一条数字化柔性生产线正在"黑灯"环境下自主运转，这是老牌国企焕发新生 的生动写照，更是新质生产力在传统制造业落地的案例。 沈阳机床曾是中国机床行业的骄傲，为新中国成立初期工业发展做出过不小贡献。但后来沉重的债务负 担使其举步维艰，到2019年，这家曾经的行业巨头被迫进入破产重整。 机床行业是制造业的"工业母机"，其技术水平关系到一个国家制造业的精度、效率和核心竞争力，对工 业体系、经济安全、科技突破乃至国防建设具有重要的战略意义。 中金公司凭借对高端装备制造业的理解，认识到沈阳机床的核心价值在于其完整的产业体系、深厚的技 术积累和熟 ...

中金公司（601995）(03908)发布公告，中国国际金融股份有限公司2022年面向专业投资者公开发行公 司债券(第一期)(品种二)(以下简称"本期债券")，将于2025年12月1日(因遇2025年11月29日为休息日，故 顺延至下一个交易日)开始支付自2024年11月29日至2025年11月28日期间的利息。债券简称22中金G2， 发行总额人民币20亿元，票面利率为3.52%。 ...

据悉，本次债券简称"22中金G1"，发行总额为人民币25亿元，票面利率(计息年利率)为2.94%,每手本期 债券面值为1000元,派发利息为29.40元(含稅)。 中金公司（601995）(03908)发布公告，中国国际金融股份有限公司2022年面向专业投资者公开发行公 司债券(第一期)(品种一)(以下简称"本期债券"),将于2025年12月1日(因遇2025年11月29日为休息日,故顺 延至下一个交易日)开始支付自2024年11月29日至2025年11月28日期间的利息。 ...

据悉，本次债券简称"22中金G1"，发行总额为人民币25亿元，票面利率(计息年利率)为2.94%,每手本期 债券面值为1000元,派发利息为29.40元(含稅)。 （原标题：中金公司(03908)："22中金G1"将于12月1日付息） 智通财经APP讯，中金公司(03908)发布公告，中国国际金融股份有限公司2022年面向专业投资者公开发 行公司债券(第一期)(品种一)(以下简称"本期债券"),将于2025年12月1日(因遇2025年11月29日为休息日, 故顺延至下一个交易日)开始支付自2024年11月29日至2025年11月28日期间的利息。 ...

智通财经APP讯，中金公司(03908)发布公告，中国国际金融股份有限公司2022年面向专业投资者公开发 行公司债券(第一期)(品种二)(以下简称"本期债券")，将于2025年12月1日(因遇2025年11月29日为休息 日，故顺延至下一个交易日)开始支付自2024年11月29日至2025年11月28日期间的利息。债券简称22中 金G2，发行总额人民币20亿元，票面利率为3.52%。 ...

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2022 年面向專業投資者公開發行公司債券（第一期）（品種二）2025年付息公告，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11月24日 於本公告日期，本公司執行董事為陳亮先生及王曙光先生；非執行董事為張薇女士、 孔令岩先生及田汀女士；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:138665 债券简称:22 中金G2 中国国际金融股份有限公司 ...