日前，中证协发布了2025年上半年度证券公司债券（含企业债券）承销业务专项统计。数据显示，上半年 参与科创债主承销的券商达到了68家，同比增加23家；上半年科创债承销金额3813.91亿元，同比增超 50%。 新增的证券公司包括信达证券、江海证券、华创证券、五矿证券等。从承销规模排序来看，位居前列的以头部 券商为主，包括中信证券、中信建投、国泰海通等。业内人士认为，券商发力科创债，或与今年的科创债新政 有关。 科创债承销规模最大 据悉，中证协专项统计范围包括证券公司在上交所、深交所和北交所承销绿色债券（含管理资产证券化产 品）、低碳转型债券、科技创新债券、乡村振兴债券（含管理资产证券化产品）、"一带一路"债券、中小微企 业支持债券、民营企业债券（含管理资产证券化产品）和中标地方政府债券的有关情况。 具体而言，从科创债的承销家数来看，今年上半年排名前五的券商依次是中信证券（46.73家）、中信建投 （38.63家）、国泰海通（34.67家）、中金公司（24.09家）、华泰联合（21.69家）。 从承销金额来看，排名前五的券商分别是中信证券（711.01亿元）、中信建投（631.7亿元）、国泰海通 （484.35 ...

Core Viewpoint - As of July 25, 2025, the PVC futures market shows a significant increase in trading volume and a net long position among the top 20 participants, indicating bullish sentiment in the market [1][3]. Group 1: Market Performance - The main contract PVC2509 closed with a price change of +3.19% and a trading volume of 1.8639 million lots [1]. - Total trading volume for all PVC contracts reached 2.2536 million lots, with an increase of 287,000 lots compared to the previous day [1][4]. Group 2: Positioning Data - The top 20 positions in the PVC futures market show a net long position with long positions totaling 751,100 lots and short positions totaling 747,700 lots [1]. - The top three long positions are held by Zhongcai Futures (total position 111,435), Guotai Junan (total position 57,737), and Citic Futures (total position 55,450) [1][4]. - The top three short positions are held by Guotai Junan (total position 162,524), Citic Futures (total position 68,040), and Dongzheng Futures (total position 62,415) [1][4]. Group 3: Changes in Positions - Among the top 20 long positions, the largest increases were seen in Citic Futures (+3,848), Huishang Futures (+1,829), and Guotai Junan (+1,620) [1]. - The largest decreases in long positions were recorded by Everbright Futures (-1,967), Wucai Zhongda (-1,734), and Huatai Futures (-1,724) [1]. - For short positions, Guotai Junan saw the largest increase (+8,858), followed by Dongzheng Futures (+3,325) and Citic Jiantou (+3,003) [1].

主力合约前20席位中，空头增仓前三名分别是：宏源期货、持仓4631、增仓966，中信建投、持仓2678、增仓380，申银万国、持 仓1573、增仓268；空头减仓前三名分别是：东证期货、持仓13379、减仓-578，中信期货、持仓11878、减仓-555，海通期货、持 仓2815、减仓-358。 文章来源:新浪期货 | | | | | 2025年7月25日30年期国债期货主力合约2509持仓数据- | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 名次 会员名称 成交量(双边) | | 壇減 | | 会员 持买单 | 増減 | 会员 | 持卖单 | 増減 | | ਹ | 中信期货 | 61,709 | 8,591 | 中信期货 | 20,532 | -94 | 国泰君安 | 13,716 | 226 | | 2 | 东证期货 | 38,023 | 426 | 国泰君安 | 14,490 | ela | 东证期货 | 13.379 | -578 | | 3 | 国泰君安 | 32,977 | 6,112 | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2019年7月22日，定位"硬科技"的科创板正式开市，也标志着注册制试点落地。截至2025年7月22日，科创板累计有591家公司上市（含已退市两家），IPO募 集资金合计9271.56亿元，总市值超过7万亿元。科创板显著优化了A股市场行业结构，成为关键核心技术攻关新型举国体制的重要平台。 | 24 | 东莞证券 | 42.64 | 5 | | --- | --- | --- | --- | | ટર | 浙商证券 | 40.30 | 7 | | 26 | 中国银河 | 36.96 | ଚ | | 27 | 方正证券 | 36.68 | ട | | 28 | 中航证券 | 34.29 | ব | | 29 | 天风证券 | 33.32 | ব | | 30 | 摩根士丹利证券 | 30.99 | 5 | | 31 | 南京证券 | 27.11 | 3 | | 32 | 瑞银证券 | 26.54 | 3 | | 33 | 华安证券 | 25.74 | ব | | 34 | 申港证券 | 24 ...

Core Viewpoint - The report from CITIC Securities indicates that the medical device industry is expected to see a turning point, with opportunities increasing in the second half of the year due to the optimization of centralized procurement policies and a shift away from solely low-price bidding [1][4]. Group 1: Centralized Procurement Optimization - The recent launch of the 11th batch of centralized procurement is aimed at optimizing specific rules, including the calculation of price differences, moving away from a simple lowest bid reference [1][2]. - High-value consumables are expected to benefit from price stabilization in certain categories, with companies like Xinmai Medical and Nanjing Micro Medical likely to see valuation recovery [2][4]. - The medical device sector is witnessing performance turning points, with companies such as United Imaging and Mindray expected to show significant revenue growth in Q3 and Q4 [2][5]. Group 2: Growth Opportunities in Medical Devices - Companies like Meihua Medical and Yirui Technology are anticipated to experience high growth in Q3, driven by industry turning points [3]. - The high-value consumables sector is benefiting from domestic import substitution and increased penetration, with companies like Chunli Medical and Aikang Medical positioned well for international expansion [3][4]. - The IVD sector remains under pressure but is expected to benefit from centralized procurement optimization, with significant room for domestic substitution [3]. Group 3: Future Performance Expectations - Q3 is projected to bring high growth for multiple companies, with product innovation and internationalization opening long-term opportunities [4][6]. - Companies like Yingke Medical and Sainuo Medical are expected to accelerate performance in 2026, indicating a positive outlook for the sector [6].

Core Viewpoint - The report from CITIC Securities suggests actively monitoring investment opportunities arising from the increase in cobalt prices due to significant changes in import volumes and market dynamics [1] Import Data Analysis - In June, the import volume of cobalt wet-process intermediate products was 18,990.5 tons, representing a month-on-month decrease of 61.63% and a year-on-year decrease of 43.14% [1] - The cumulative import total reached 267,277.43 tons, with a year-on-year decline of 11.10% [1] Market Dynamics - Following the export ban from the Democratic Republic of Congo, the import volume did not significantly decline from January to May due to port inventories and in-transit materials, maintaining a certain level of market inventory [1] - The extension of the export ban for an additional three months is expected to significantly reduce inventory levels, leading to a sharp decline in June's import volume [1] Future Price Expectations - It is anticipated that the import trend will continue to decline in July, with the inventory of refining enterprises likely to decrease to lower levels in August and September [1] - Coupled with the seasonal stocking expectations during the "Golden September and Silver October" period, the market is expected to transition towards a scenario of low raw material inventory, which may provide significant support for price increases [1]

Core Viewpoint - CITIC Securities forecasts that the total sales of electric vehicles (EVs) in China will reach 16.5 million units in 2025 [1] Group 1: Sales Data - In June, the China Association of Automobile Manufacturers (CAAM) reported domestic sales of 1.329 million units, representing a year-on-year increase of 26.7% and a month-on-month increase of 1.7% [1] - According to the Passenger Car Association, the wholesale of new energy passenger vehicles reached 1.241 million units in June, with a year-on-year increase of 26.4% and a month-on-month increase of 1.6%, resulting in a penetration rate of 49.8% [1] - For July, domestic EV wholesale is expected to be 1.3 million units (including commercial vehicles), showing a year-on-year increase of 31.2% [1]

Core Viewpoint - The report outlines the strategic placement of investors in the initial public offering (IPO) of Yangzhou Tianfulong Group Co., Ltd., detailing the number of shares, participants, and compliance with regulations [1][2][20]. Group 1: Strategic Placement Overview - The company plans to issue 40.01 million shares, representing 10% of the total share capital post-issuance [1][4]. - The initial strategic placement involves 4.001 million shares, also accounting for 10% of the total issuance [1][4]. - The final number of shares for strategic placement will be adjusted based on the established mechanism [1]. Group 2: Participants in Strategic Placement - Participants in the strategic placement include senior management and core employees through a dedicated asset management plan [2][7]. - Only one investor is involved in the strategic placement, which complies with the requirement of not exceeding ten participants [4][7]. - The lock-up period for shares acquired through strategic placement is set at 12 months from the date of listing [4][20]. Group 3: Compliance and Regulations - The selection criteria for strategic placement participants align with the regulations, ensuring that the number of shares allocated does not exceed 20% of the total issuance [5][20]. - The asset management plan is registered and meets the qualifications for participation in the strategic placement [8][9]. - Legal opinions confirm that the strategic placement adheres to all relevant laws and regulations, with no prohibited circumstances present [20].

7月24日，中信建投景晟债券A（015659）下跌0.40%，最新净值1.03元，连续5个交易日下跌，区间累 计跌幅1.03%。 据了解，中信建投景晟债券A成立于2022年6月，基金规模5.96亿元，成立来累计收益率9.42%。从持有 人结构来看，截至2024年末，中信建投景晟债券A的基金机构持有5.71亿份，占总份额的99.91%，个人 投资者持有0.01亿份，占总份额的0.09%。 公开信息显示，现任基金经理邵彦棋先生:中国国籍,中央财经大学经济学硕士。曾任清华大学五道口金 融学院国家金融研究院宏观研究员、山西证券股份有限公司宏观固收研究员。2022年3月加入中信建投 基金管理有限公司,曾任固定收益研究部宏观研究员,现任固定收益研究部基金经理助理。2025年1月15日 至2025年6月26日担任中信建投稳祥债券型证券投资基金、中信建投稳益90天滚动持有中短债债券型证 券投资基金、中信建投中债0-3年政策性金融债指数证券投资基金、中信建投中债3-5年政策性金融债指 数证券投资基金、中信建投景和中短债债券型证券投资基金、中信建投添鑫宝货币市场基金、中信建投 凤凰货币市场基金基金经理助理。2025年06月26日 ...

中信建投证券股份有限公司 关于中国电器科学研究院股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信建投证券股份有限公司（以下简称"中信建投证券"或"组织券商"） 受委托担任广州凯天投资管理中心(有限合伙)（以下简称"出让方"）以向特 定机构投资者询价转让（以下简称"询价转让"）方式减持所持有的中国电器 科学研究院股份有限公司（以下简称"公司"或"中国电研"）首次公开发行 前已发行股份的组织券商。 经核查，组织券商就本次询价转让的股东、受让方是否符合《上海证券交 易所科创板上市公司自律监管指引第 4 号——询价转让和配售》（以下简称 "《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果 是否公平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让出让方 截至 2025 年 7 月 18 日，出让方所持公司股份的数量、占公司总股本比例 情况如下： 序号 股东名称 持股数量（股） 持股占总股本比例 （二）本次询价转让数量 本次拟询价转让股数上限为 6,067,500 股，受让方获配后，本次询价转让情 况如下： | | ...