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次級債券（第一期）票面利率公告》，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 票代碼：6 ...

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 ...

证券代码：601688 证券简称：华泰证券 公告编号：临 2025-035 华泰证券股份有限公司关于间接全资子公司根据中期 票据计划进行发行并由全资子公司提供担保的公告 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，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（人民币亿元） | | - | | --- | --- | --- | | 截至本公告日上市公司及其控股子公司对外担保总额（人民币亿元） | | 370.77 | | 对外担保总额占上市公司最近一期经审计净资产的比例（%） | | 19.34 | | 特别风险提示 | □对外担保总额超过最近一期经审计净资产 100% □担保金额超过上市公司最近一期经审计净资产 50% | | | □对合并报表外单位担保金额达到或超过最近一期经审计净资 | | | | 产 | 30%的情况下 | | | 对资产负债率超过 | 70%的单位提供担保 | | 1 一、担保情况概述 华泰证券股份有限公司（以下简称"公司"或"本公司"）境外全 资子公司华泰国际金 ...

Group 1 - The securities sector is experiencing significant gains, with Changcheng Securities and Guosheng Financial Holdings hitting the daily limit up, while Bank of China Securities and Dongwu Securities have increased by over 7% [1] - Huatai Securities and Huaxi Securities have also shown strong performance, rising by more than 4% [1]

东海证券指出，多层次资本市场体系正逐步搭建完善，以提升上市公司投资价值和投资者回报为导向的 政策逐步落地，接下来对融资市场的边际放松和互联互通的进一步开放或许会逐步推出，进而提升资本 市场的吸引力。近期陆续披露的上市券商中报业绩表明上半年整体利润增长较为超预期，下半年持续高 涨的交投活跃度或将进一步催化券商业绩，重视中报披露窗口期带来的配置机遇。 智通财经获悉，中资券商股午前涨幅扩大，截至发稿，国联民生(01456)涨6.95%，报6.62港元；中信建 投证券(06066)涨4.91%，报13.9港元；华泰证券(06886)涨4.47%，报19.85港元；中信证券(06030)涨 3.02%，报29.32港元。 消息面上，数据显示，截至8月11日，共有29家A股上市券商披露了2025年半年度业绩预告，27家预 增，2家扭亏。其中，14家券商上半年归母净利润预增幅度超100%。方正证券预计，券商板块2025年上 半年主营收入同比增幅为27.8%，归母净利润同比增幅为60.8%；剔除国泰海通吸收合并负商誉影响 后，上半年券商板块归母净利润增幅为48.0%。 本文源自：智通财经网 ...

Group 1: Overall Situation of Fund Advisory Combinations - As of the end of July 2025, there are a total of 450 fund advisory combinations available on the Tian Tian Fund APP, an increase of 4 from the previous month [2][8] - The distribution of fund advisory combinations includes 399 stock-bond central combinations, 32 track-type combinations, and 19 regional combinations, with stock-bond central combinations being the most prevalent [2][8] - The newly added combinations include one aggressive and one balanced stock-bond central combination, along with two conservative combinations [2][8] Group 2: Performance Tracking of Advisory Combinations - Over the past year, the median return of aggressive stock-bond central combinations outperformed similar FOF products, while balanced and conservative combinations underperformed [14][17] - In July, all track-type combinations showed positive median returns, with military, smart manufacturing, pharmaceuticals, new energy, consumption, dividends, and central state-owned enterprise combinations outperforming their benchmarks [22][23] - The median return of regional strategy combinations, including Hong Kong and overseas strategies, also outperformed their benchmarks in July [22][23] Group 3: Changes in Fund Holdings - The conservative advisory combinations reduced their bond fund holdings while increasing their allocation to QDII funds, with QDII fund average positions rising by 0.48% [32][35] - Balanced advisory combinations decreased their index fund holdings and increased their stock fund allocations, with stock fund average positions increasing by 0.33% [32][35] - Aggressive advisory combinations reduced their mixed fund holdings and increased their index fund allocations, with index fund average positions rising by 0.42% [32][35] Group 4: Tracking of Individual Fund Holdings - The most favored active equity funds by advisory combinations include those managed by value style managers, quantitative strategy managers, and technology theme managers [41] - The top actively increased funds include quantitative strategies and technology themes, with significant increases in holdings for funds managed by Ma Fang, Yi Wei, and Sun Meng [41] - The most favored QDII funds include those targeting global growth industries, particularly the E Fund Global Growth Select [41]

Market Overview - The market experienced a rebound with the Shanghai Composite Index recording a seven-day rise, and all three major indices reached new highs for the year. The total trading volume in the Shanghai and Shenzhen markets was 1.88 trillion yuan, an increase of 54.5 billion yuan compared to the previous trading day [1] Economic Outlook - Huatai Securities maintains its prediction for the Federal Reserve to initiate its first interest rate cut in September, with a total of two cuts expected within the year. The recent inflation data indicates that tariffs have a mild impact on inflation, reducing constraints on the Fed's rate cut decisions [2] Robotics Industry - CITIC Jiantou highlights the flourishing domestic robotics sector, supported by various local government policies and subsidies. The industry is witnessing advancements in components such as dexterous hands and joint modules, which are expected to accelerate the iteration of embodied intelligent robots [3] Investment Opportunities - CITIC Securities emphasizes the importance of the upcoming mid-year report season for Hong Kong stocks, predicting a slowdown in profit growth for the first half of 2025. However, sectors like retail, education, diversified finance, and gaming are expected to see upward revisions in profit growth [4]

人民财讯8月13日电，华泰证券指出，美国7月通胀数据显示关税对通胀的传导较为温和，根据Cavallo 等研究显示，关税宣布后10—15周（3—4个月）商品价格上涨达到最大，关税的传导较为迅速，但是由 于企业感知的需求偏弱，企业仅将50—60%关税压力传导给消费者，避免了通胀的更大幅度上行。往前 看，由于8月美国对外关税有一定程度上升，预计关税仍可能继续温和推高核心通胀，但企业需求偏弱 以及就业市场走弱对通胀的上行幅度构成制约，而需求放缓以及驱逐非法移民加速意味着三季度就业市 场仍面临压力，因此维持美联储9月首次降息、年内降息2次的判断。 （原标题：华泰证券：维持美联储9月首次降息、年内降息2次的判断） ...

每经AI快讯，华泰证券指出，考虑到2025年扩大内需和推动高质量发展的经济工作主线不变，叠加6月 以来历史级高温带动最高用电负荷峰值持续突破，对2025年电力需求在新质生产力、二产出口、居民拉 动下增速继续跑赢GDP增速的全年预期不变，继续看好电力需求增长韧性下的电力设备和电源装备产业 趋势。电力需求增长拉动电力设备主配网投资共振，以及基荷支撑性电源需求。 ...

Core Viewpoint - The report from Huatai Securities indicates that the impact of tariffs on inflation in the U.S. is relatively mild, with companies passing on only 50-60% of tariff pressures to consumers, thus preventing a larger increase in inflation [1] Inflation and Tariffs - U.S. inflation data for July shows that the transmission of tariffs to inflation is moderate, with the maximum price increase occurring 10-15 weeks after the announcement of tariffs [1] - The report suggests that while tariffs may continue to gently push up core inflation due to an increase in tariffs in August, weak corporate demand and a weakening job market will limit the extent of inflationary pressure [1] Employment Market and Economic Outlook - The demand slowdown and accelerated efforts to deport illegal immigrants indicate that the job market will continue to face pressure in the third quarter [1] - The company maintains its forecast for a rate cut in September and two rate cuts within the year, reflecting the anticipated economic conditions [1]