Core Insights - The commercialization of AI+ education and human resources products in China is accelerating, with significant advancements expected in large model technology in the second half of the year [1] AI+ Education - Dou Shen Education's AI CLASS products, including Super Reading and Super Composition, achieved a Gross Merchandise Volume (GMV) of over 17.4 million by July 30 [1] - Fenbi's AI exam preparation product, launched in April, generated sales exceeding 14 million within two months, with the number of paid students surpassing 40,000, and annual sales projected to exceed 100 million [1] AI+ Human Resources - Keri International's He Wa platform introduced nine recruitment tools powered by AI 2.0, enhancing the recruitment process [1] - The Match System has been applied in various scenarios such as customer acquisition, talent search, and internal collaboration, with expectations for integration into the He Wa platform in the second half of the year [1] - The company leverages large model advantages in semantic understanding and information matching to automate repetitive tasks, significantly reducing recruitment cycles and improving job matching accuracy and efficiency [1] Future Outlook - With OpenAI and Deepseek set to release new large model technologies within the year, and continuous product iteration driven by user data accumulation, the AI+ education and human resources sectors are anticipated to transition from thematic investment to commercial realization [1]

并对其内容的真实性、 准确性和完整性承担个别及连带 责任。 中国银河证券股份有限公司 2025 年度第十八期短期融资券已于 2025 年 8 月 6 日发行完毕，相关发行情况如下： 证券代码：601881 证券简称：中国银河 公告编号：2025-058 中国银河证券股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏， 债券名称 中国银河证券股份有限公司 2025 年度第十八期短期融资券 债券简称 25 银河证券 CP018 债券流通代码 072510153 发行日 2025 年 8 月 5 日 起息日 2025 年 8 月 6 日 到期兑付日 2026 年 8 月 6 日 期限 365 天 计划发行总额 40 亿元人民币 实际发行总额 40 亿元人民币 票面年利率 1.67% 发行价格 100 元/百元面值 本 期发 行短 期 融 资 券 的相 关 文 件 已 刊 登 在 中 国 货 币 网 （www.chinamoney.com.cn）、上海清算所网站（www.shclearing.com）、 中国债券信息网（www.chinabond.com.cn）。 特此公告 ...

每经AI快讯，8月6日，中国银河（601881）证券(06881.HK)公告，公司于2025年8月6日成功发行2025年 度第十八期短期融资券。本次融资券发行规模为人民币40亿元，面值及发行价均为每单位人民币100 元，期限为365天，最终票面利率为1.67%。募集资金将用于补充公司流动资金。 ...

智通财经APP讯，中国银河(06881)公布，公司已于2025年8月6日完成2025年度第十八期短期融资券发 行。本期融资券的发行规模为人民币40亿元，面值及发行价均为每单位人民币100元。本期融资券的期 限为365天，最终票面利率为1.67%。本期融资券发行所募集的资金将用于补充公司流动资金。 ...

格隆汇8月6日丨中国银河(06881.HK)发布公告，公司已于2025年8月6日完成2025年度第十八期短期融资 券发行。本期融资券的发行规模为人民币40亿元，面值及发行价均为每单位人民币100元。本期融资券 的期限为365天，最终票面利率为1.67%。本期融资券发行所募集的资金将用于补充本公司流动资金。 ...

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之內容概不負責，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分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 公告 2025年度第十八期短期融資券發行完畢 董事會欣然宣佈，根據上述股東授權，本公司已於2025年8月6日完成2025年度 第十八期短期融資券發行（「本期融資券」）。本期融資券的發行規模為人民幣40億 元，面值及發行價均為每單位人民幣100元。本期融資券的期限為365天，最終票 面利率為1.67%。本期融資券發行所募集的資金將用於補充本公司流動資金。 承董事會命 中國銀河證券股份有限公司 王晟 董事長及執行董事 中國北京 2025年8月6日 於本公告日期，本公司執行董事為王晟先生（董事長）及薛軍先生（副董事長及總 裁）；非執行董事為楊體軍先生、李慧女士、黃焱女士及宋衛剛先生；以及獨立非 執行董事為羅卓堅先生、劉力先生、麻志明先生及范小雲女士。 茲提述中國銀河證券股份有限公司（「本公司」）日期為2025年1月23日的通函以及 2025 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-058 中国银河证券股份有限公司 2025 年度第十八期短期融资券已于 2025 年 8 月 6 日发行完毕，相关发行情况如下： | 债券名称 | 中国银河证券股份有限公司 | 2025 | 年度第十八期短期融资券 | | --- | --- | --- | --- | | 债券简称 | 25 银河证券 CP018 | 债券流通代码 | 072510153 | | 发行日 | 2025 年 8 月 5 日 | 起息日 | 2025 年 8 月 6 日 | | 到期兑付日 | 2026 年 8 月 6 日 | 期限 | 365 天 | | 计划发行总额 | 40 亿元人民币 | 实际发行总额 40 | 亿元人民币 | | 票面年利率 | 1.67% | 发行价格 | 100 元/百元面值 | 本 期 发 行 短 期 融 资 券 的 相 关 文 件 已 刊 登 在 中 国 货 币 网 （www.chinamoney.com.cn）、上海清算所网站（www.shclearing.com）、 中国债券信息网（www.chinabond.com.cn）。 ...

Industry Overview - The SW social service industry experienced a month-on-month increase of +5.13%, with professional services up by +7.5%, tourism and scenic spots by +6.6%, and education by +3.7%, while hotel and catering saw a slight decline of -0.6% [1] - The Hainan Free Trade Port is set to officially close its borders on December 18, 2025, with policy benefits continuing to be released, including an increase in the proportion of "zero tariff" goods from 21% to 74% [2] Duty-Free Market - The confirmation of the Hainan Free Trade Port's closure is expected to expand the duty-free market, with significant tax rate reductions anticipated to attract both international enterprises and travelers, thereby increasing the customer base for duty-free shopping [2] Macau Gaming Industry - Macau's gaming revenue reached 22.1 billion MOP in July, reflecting a year-on-year increase of +19%, continuing to exceed market expectations for three consecutive months, driven by improved entry visa policies and successful non-gaming transformations [3] - The outlook for the second half of the year remains positive, supported by upcoming events and the Middle East visa-free policy, which is expected to attract high-end tourists [3] Food and Beverage Sector - The ready-to-drink beverage industry saw significant growth in Q2, with Luckin Coffee reporting revenues of 12.4 billion CNY, a year-on-year increase of +37% [4] - Despite the gradual reduction of large-scale subsidies from delivery platforms, the overall outlook for Q3 remains optimistic due to seasonal demand [4] AI and Education Sector - The commercialization of AI applications in education and human resources has accelerated, with notable product launches and sales achievements reported by companies like Dou Shen Education and Fenbi [4] - The introduction of advanced AI models is expected to further enhance the capabilities of these applications, transitioning from thematic investment to commercial realization [4]

Group 1 - The issuance of bonds by securities firms has reached nearly 770 billion yuan this year, reflecting a year-on-year increase of over 32%, indicating a strong capital replenishment trend in the industry [1] - A total of 70 securities firms have issued bonds this year, with 24 firms issuing over 10 billion yuan each, showcasing the active participation of major players like China Galaxy and Huatai Securities [1] - The increase in bond issuance is expected to enhance the business expansion capabilities of leading firms and improve the overall capital adequacy ratio of the securities industry, thereby strengthening its risk resistance and market competitiveness [1] Group 2 - Yecai Xin has been appointed as the new chairman of Invesco Great Wall Fund, bringing a background from China Huaneng Group, which may enhance the company's shareholder background and inject new vitality into its business development [2] - The leadership change reflects the vitality of the fund industry and is expected to bring positive expectations for the capital market [2] Group 3 - In August, the issuance of new funds has surged, with 72 new funds launched, indicating a relatively abundant market liquidity [3] - Fund companies are shifting their strategies from merely pursuing scale to improving product lines, which is a sign of a more rational industry approach [3] - This trend is likely to provide incremental capital to the market, particularly benefiting the securities sector and promoting healthy market development [3] Group 4 - Dongfang Securities has completed the repurchase of 26.7032 million A-shares, accounting for 0.3143% of its total share capital, with an average repurchase price of 9.37 yuan per share [4] - The repurchase reflects the company's recognition of its intrinsic value and is expected to boost investor confidence and optimize its capital structure [4] - The trend of share buybacks in the securities sector may lead to a re-evaluation of industry valuations and enhance the stability of financial stocks [4]

（文章来源：每日经济新闻） 每经AI快讯，中国银河证券发文称，7月澳门博彩毛收入221亿澳门元/同比+19.0%，连续三个月超市场 预期，尤其是7月澳门在受台风影响+张学友演唱会结束后，博彩消费增速未较6月放缓，反映当前澳门 博彩消费需求重拾动力，背后驱动因素则在于澳门入境签证优化+非博彩化成功转型，正在吸引高端博 彩消费者重返澳门。展望Q4，考虑澳门在全运会等赛事活动方面持续丰富，以及中东免签政策有望吸 引富豪游客入境，2H澳门博彩消费有望持续保持高景气。 ...