（文章来源：证券日报） 证券日报网讯 10月24日晚间，安图生物发布公告称，公司于近日收到招商证券股份有限公司（简称"招 商证券"）出具的《关于更换保荐代表人的函》。招商证券为公司2019年公开发行可转换公司债券和 2020年非公开发行股票的保荐人，原指派的保荐代表人为刘海燕、鄢坚。现因刘海燕同志近期职务调 动，不再适合继续履行公司2019年公开发行可转换公司债券和2020年非公开发行股票项目的募集资金专 项持续督导职责。为此，招商证券决定指派张茜同志自2025年10月22日起接替刘海燕同志履行公司2019 年公开发行可转换公司债券和2020年非公开发行股票项目的剩余督导期的保荐工作事宜。 ...

Core Insights - The course titled "Application of AI Technology in the Securities Industry and New Future of Financial Technology" was conducted by China Merchants Securities at Jinan University, focusing on the integration of AI in finance [1][2] - The course is part of a series aimed at enhancing practical knowledge in capital markets, emphasizing the importance of AI in investment analysis, wealth management, and operational optimization [1] Group 1 - The course was attended by 105 first-year graduate students specializing in financial technology [1] - The speaker, Hu Feiran, discussed the evolution of AI technology and its current trends, particularly in the context of the securities industry [1] - AI applications in investment analysis include information extraction, data mining, and report generation, while in wealth management, AI helps in identifying customer needs through multi-source data analysis [1] Group 2 - This course represents a further step in deepening the collaboration between China Merchants Securities and educational institutions [2] - The company aims to leverage its financial technology advantages to foster talent development, educational collaboration, and research synergy with universities [2] - The initiative is intended to contribute to the high-quality development of capital markets and support the growth of financial technology talent [2]

Core Insights - The article discusses the ongoing trends in the ETF market, particularly focusing on the performance of various metals, including gold, rare earths, copper, aluminum, lithium, and cobalt, influenced by factors such as Federal Reserve interest rate policies and geopolitical tensions [1][3][4]. ETF Market and Investment Opportunities - The "Zhaocai Cup" ETF live competition aims to educate investors on asset allocation and risk management, promoting the healthy development of the ETF market [1]. - The China Securities Rare Earth Mining Index is highlighted as a potential investment target due to its focus on leading companies in the non-ferrous sector, benefiting from metal price performance [2]. Federal Reserve Policies and Market Impact - The Federal Reserve's expected interest rate cuts are seen as a significant driver for the non-ferrous mining sector, with a high likelihood of a 25 basis point cut in the upcoming meetings [3][4]. - The Fed's shift from a tightening to a loosening monetary policy is expected to support the performance of the non-ferrous mining industry [4]. Gold Market Dynamics - Gold prices have shown a significant upward trend, driven by expectations of Fed rate cuts and increased central bank purchases, with global central bank gold purchases exceeding 1,000 tons since 2022 [6][7]. - The geopolitical landscape, including conflicts and trade disputes, has heightened global demand for gold as a safe-haven asset [6][8]. Rare Earth Market Insights - Rare earth prices have surged due to supply constraints from China's export controls and high demand from the renewable energy sector [9][10]. - China dominates the global rare earth market, holding approximately 44 billion tons of the total 90 billion tons of rare earth oxides [9]. Copper and Aluminum Market Trends - Copper prices are expected to remain strong due to a supply gap exacerbated by production cuts from major mines and increasing demand from AI and renewable energy sectors [12][13]. - Aluminum prices are anticipated to show strong performance due to low valuations and potential demand increases, with current PE ratios for aluminum companies being lower than those for copper [14][15]. Lithium and Cobalt Market Outlook - The lithium market is currently influenced by supply-side reforms, with expectations of a significant supply increase post-2027 [16]. - Cobalt prices are expected to remain strong due to reduced export quotas from the Democratic Republic of Congo, which is a major supplier [16]. Overall Market Perspective - The non-ferrous metals sector, including industrial metals, gold, rare earths, and energy metals, is projected to experience tight supply conditions, supported by recovering domestic macroeconomic demand and ongoing trends in renewable energy [17]. - Investors are encouraged to focus on the China Securities Rare Earth Mining Index for potential opportunities, as it includes leading companies that are more likely to benefit from rising metal prices [17].

格隆汇10月24日｜招商证券在研报中称，从历史表现来看，四中全会后中国股市的市场风格可能偏向小 盘股，会议后一至两周为行情集中爆发期，机械设备、电子、社会服务等板块上涨概率较高。 ...

Core Points - The company, Henan Lantian Gas Co., Ltd., has announced a change in the sponsor representative for its convertible bond issuance project [1] - The original sponsor representatives were Liu Zhi and Liu Haiyan, with Liu Haiyan being replaced due to recent work changes [1] - The new sponsor representative, Jia Yin, will take over from Liu Haiyan starting October 21, 2025 [1] - The company expresses gratitude for Liu Haiyan's contributions during her tenure as a sponsor representative [2] - Jia Yin has a master's degree and has been involved in investment banking since 2013, with experience in various IPO and bond projects [4] Company Information - Henan Lantian Gas Co., Ltd. is engaged in the issuance of convertible bonds to unspecified investors [1] - The company is currently under the sponsorship of China Merchants Securities Co., Ltd. for this project [1] - The change in sponsor representatives is part of the ongoing compliance and supervision for the fundraising activities [1]

（文章来源：证券日报） 证券日报网讯 10月23日晚间，招商证券发布公告称，近日，公司收到中国证券监督管理委员会《关于 同意招商证券股份有限公司向专业投资者公开发行次级公司债券注册的批复》（证监许可〔2025〕2289 号），批复内容如下：一、同意公司向专业投资者公开发行面值总额不超过300亿元次级公司债券的注 册申请。二、本次发行次级公司债券应严格按照报送上海证券交易所的募集说明书进行。三、本批复自 同意注册之日起24个月内有效，公司在注册有效期内可以分期发行次级公司债券。四、自同意注册之日 起至本次次级公司债券发行结束前，公司如发生重大事项，应及时报告并按有关规定处理。 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 《关于召开2025年第三季度业绩说明会的公告》 《关于向专业投资者公开发行次级公司债券获得中国证券监督管理委员会注册批复的公告》 截至2025年10月23日收盘，招商证券（600999）报收于16.95元，较前一交易日上涨0.47%，最新总市值 为1474.06亿元。该股当日开盘16.88元，最高16.98元，最低16.71元，成交额达7.24亿元，换手率为 0.58%。 近日，招商证券发布公告称，公司已收到中国证券监督管理委员会《关于同意招商证券股份有限公司向 专业投资者公开发行次级公司债券注册的批复》（证监许可〔2025〕2289号）。根据公告内容，证监会 同意招商证券向专业投资者公开发行面值总额不超过300亿元次级公司债券的注册申请。本次发行应严 格按照报送上海证券交易所的募集说明书进行。批复自同意注册之日起24个月内有效，公司在注册有效 期内可分期发行。在批复有效期内至发行结束前，如发生重大事项，公司将及时报告并按有关规定处 理。目前，公司表示将按有关法律法规、批复文件要求及股 ...

证券日报网讯 10月23日晚间，蓝天燃气发布公告称，近日，公司收到招商证券股份有限公司（简称"招 商证券"）出具的《关于更换保荐代表人的函》。招商证券为公司向不特定对象发行可转换公司债券项 目的保荐人，原指派的保荐代表人为刘智、刘海燕。现因刘海燕同志近期工作变动，不再适合继续履行 公司向不特定对象发行可转换公司债券项目的募集资金专项持续督导职责。为此，招商证券决定指派贾 音同志自2025年10月21日起接替刘海燕同志履行公司向不特定对象发行可转换公司债券项目的剩余督导 期的保荐工作事宜。 （文章来源：证券日报） ...

智通财经APP讯，招商证券(06099)发布公告，近日，招商证券股份有限公司（以下简称公司）收到中国 证券监督管理委员会《关于同意招商证券股份有限公司向专业投资者公开发行次级公司债券注册的批 复》（证监许可〔2025〕2289 号），批复内容如下： 三、本批复自同意注册之日起 24 个月内有效，公司在注册有效期内可以分期发行次级公司债券。 一、同意公司向专业投资者公开发行面值总额不超过 300 亿元次级公司债券的注册申请。 四、自同意注册之日起至本次次级公司债券发行结束前，公司如发生重大事项，应及时报告并按有关规 定处理。 二、本次发行次级公司债券应严格按照报送上海证券交易所的募集说明书进行。 ...

首先，承揽向智慧化转型。招商证券在业内率先探索投行、投资、投研"三投联动"业务模式，"三投"部 门以"企业价值发现"为共同目标，深入研究产业链图谱，联合开展"推图作业"，发挥"找方向、找项 目、找资本"三大功能，推动投行获客模式从以往引荐为主的被动承揽，转变为投资、投研支持下的主 动承揽。基于投研部门对产业链上下游企业的深入研究，"三投"部门聚焦TMT、双碳、医疗健康、AI 人工智能等细分赛道，"按图索骥"挖掘优质科创企业，齐心协力为产业链客户提供优质金融服务。 其次，承做向标准化转型。公司着力加强投行作业的过程管理，全面搭建覆盖全业务品类及内控关键环 节的制度体系，统筹建立统一的项目管理系统，扎实建设投行智能承做平台，持续沉淀核心环节和行业 的过往案例、传统经验、监管关注点、公司管控标准等，有效提升投行承做质效。通过梳理投行项目关 键尽调作业流程，建设成支持7大核心尽调程序、30多个步骤、120多个环节标准化作业的投行项目承做 支持平台，并在作业流程中融入20+智能化作业工具和数据分析模型及内外部八大类知识关联，推动尽 调执行标准化全方位落地实施。 第三，承销向一体化转型。公司加强协同承销，在做好ECM、D ...