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分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。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 海外監管公告 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司2025年面向 專業投資者公開發行短期公司債券（第八期）發行結果公告》，僅供參閱。 釋義 公开发行短期公司债券（第八期）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。 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前身 華泰證券有限責任公司改制而成，在香港以「HTSC」 名義開展業務，根據公司條例第16部以中文獲准名稱 「華泰六八八六股份有限公 ...

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分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。 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 海外監管公告 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司關於間接全 資子公司根據中期票據計劃進行發行並由全資子公司提供擔保的公告》，僅供參 閱。 釋義 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前身 華泰證券有限責任公司改制而成，在香港以「HTSC」 名義開展業務，根據公司條例第16部以中文獲准名稱 「華泰六八八六股份有限公司」及英文公司名稱「Huatai Securities Co., Ltd.」註冊為註冊非香港公司，其H股於 2015年6月1日在香港聯合交易所有限公司主板上市（股 ...

格隆汇8月19日丨华泰证券(06886.HK)宣布，公司将于2025年8月29日(星期五)举行董事会会议，其中议 程包括审议及批准公司及其附属公司截至2025年6月30日止六个月的中期业绩及其刊发，以及考虑派发 中期股息之建议(如有)。 ...

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，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 董事會召開日期 董事會謹此宣佈，本公司將於二零二五年八月二十九日（星期五）舉行董事會會 議，其中議程包括審議及批准本公司及其附屬公司截至二零二五年六月三十日止 六個月之中期業績及其刊發，以及考慮派發中期股息之建議（如有）。 釋義 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 承董事會命 聯席公司秘書 張輝 中國江蘇，2025年8月19日 於本公告日期，董事會成員包括執行董事張偉先生、周易先生及王瑩女士；非執 行董事丁鋒先生、陳仲揚先生、柯翔先生、晉永甫先生及張金鑫先生；以及獨立 非執行董事王建文先生、王全勝先生、彭冰先生、王兵先生及老建榮先生。 「董事會」 指 本公司之董事會 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司 名稱註冊成立的股份有限公司， ...

Group 1 - The core viewpoint of the news highlights the active trading and performance of the Securities ETF (159841), which experienced a slight decline of 0.84% with a trading volume exceeding 100 million yuan and a turnover rate of over 1.7% [1][2] - The Securities ETF (159841) has seen a cumulative increase of 8.63% over the past five trading days, making it the top performer among similar ETFs in the Shenzhen market [2] - As of August 18, 2023, the latest scale of the Securities ETF (159841) reached 5.971 billion yuan, positioning it as the largest ETF in the Shenzhen market [2] Group 2 - The Securities ETF (159841) closely tracks the CSI All Share Securities Company Index, which focuses on large-cap securities leaders in the A-share market, including both traditional and fintech leaders [2] - The margin trading balance has surpassed 2.1 trillion yuan as of August 18, 2023, marking a significant milestone as it is the first time in 10 years that the balance has exceeded this level [2] - With the recovery of market risk appetite and increasing trading volume, the average daily trading volume and margin balance in the two markets have both surpassed 2 trillion yuan, indicating a positive outlook for the brokerage industry's performance in the third quarter [2] Group 3 - Huatai Securities expresses optimism regarding the sustained upward trend of equity asset returns, supported by a positive regulatory environment and gradual inflow of resident funds into the market [3] - The brokerage sector is currently viewed as undervalued and underweighted, entering a new phase of performance and valuation recovery in the new market environment [3] - The sector is expected to experience a revaluation trend, driven by the influx of incremental capital allocation [3]

Group 1 - The core viewpoint of the report indicates that the impact of tariffs on U.S. inflation is currently relatively mild [1] - As of May-June 2025, the U.S. core CPI was below expectations, with a month-on-month increase of only 0.1-0.2% [1] - The limited effect of tariffs is attributed to several factors, including prior inventory accumulation by companies, a lower-than-theoretical weighted import tariff rate, weak corporate demand, and low service inflation [1]

每经AI快讯，华泰证券表示，年初以来权益市场稳步向上，交易额、两融余额、权益产品发行规模等 持续提升，券商估值修复，但与过去行情有所不同。一方面，市场行情持续性增强，券商业绩增长更具 持续性。另一方面，板块内部修复节奏分化，H股先于A股，且业绩增长稳健的券商表现更好。当前权 益资产收益率稳步向上，中央对资本市场定调积极，类"平准基金"对市场形成支撑，居民资金循序渐进 入市，我们看好市场上行的持续性。当前板块低估低配，券商在新市场环境下进入业绩、估值修复新阶 段，看好板块价值重估行情。 ...

Core Viewpoint - The current "anti-involution" measures in the photovoltaic industry have shown initial effectiveness, with significant price increases in silicon materials and wafers since early July 2025, and a recovery in battery and module prices [1] Group 1: Industry Trends - The price of silicon materials and wafers has risen significantly since the implementation of "anti-involution" measures [1] - Battery and module prices have also shown signs of recovery, indicating a positive trend in the photovoltaic sector [1] Group 2: Supply-Side Reforms - Silicon materials are identified as a key focus for supply-side reforms, with energy consumption control and capacity storage being advanced simultaneously [1] - The introduction of new technologies is accelerating the elimination of outdated production capacity, which is crucial for the industry's long-term health [1] Group 3: Investment Opportunities - Attention is recommended on the silicon material segment, particularly on leading companies in the BC industry chain and TOPCon technology, as well as leading auxiliary material firms [1]

Core Insights - Generative AI is entering a new development stage dominated by AI agents, leading to a coexistence of "no job growth" and "super individuals" [1] - The structural replacement of human labor by "silicon-based life" has already begun [1] - The value creation of software is linked to Token consumption, with Token production deeply tied to physical infrastructure capacities such as semiconductors, data centers, and energy [1] - The software business model characterized by "zero marginal cost" is gradually coming to an end [1] - The development trajectory of AI agents is expected to follow a path from B2B to B2C, ultimately reaching end-users [1] - There is a significant comparative advantage for China in terminal applications such as robotics [1]

Core Insights - Generative AI is entering a new development stage dominated by AI agents, leading to a coexistence of "no job growth" and "super individuals" phenomena [1] - The structural replacement of human labor by "silicon-based life" has already begun [1] - The value creation of software is now linked to Token consumption, with Token production deeply tied to physical infrastructure capacities such as semiconductors, data centers, and energy [1] - The software business model characterized by "zero marginal cost" is gradually coming to an end [1] - The development trajectory of AI agents is expected to follow a path of "first B2B, then B2C, and finally end-users" [1] - There is significant comparative advantage for China in the terminal markets such as robotics [1]