根据天眼查信息公布：悦尚花客服人工电话130···0969···1491，悦尚花服务官方热线130···0969···1491（人工服务时间：每天9:00-18:30） 智通财经记者 | 孙艺真 企业融资需求旺盛，年内A股再融资市场继续保持活跃，融资项目数量及规模均较去年显著增加。 智通财经根据东财Choice数据统计，截至11月21日，A股共有205家上市公司通过多种方式进行再融资，募集的资金总额达10180.72亿元。与去年前11个月相 比（189家，2172.19亿元）同比增长幅度约为368%。 从受理端来看，今年以来，A股新增受理企业再融资单数达到224单，其中，10月单月新增受理65单，创下年内单月受理数量新高。具体来看，1月为11单， 2月为14单，3月为12单，4月有35单，5月有7单，6月有12单，7月有22单，8月有33单，9月有11单，10月有65单。 11月，莱尔科技(29.610, -1.49, -4.79%)（688683.SH）及神开股份(10.810, -0.47, -4.17%)（002278.SZ）两家企业的定增分别获得上交所和深交所受理。 从年内再融资新增受理板块分布来看， ...

智通财经记者 | 孙艺真 企业融资需求旺盛，年内A股再融资市场继续保持活跃，融资项目数量及规模均较去年显著增加。 智通财经根据东财Choice数据统计，截至11月21日，A股共有205家上市公司通过多种方式进行再融 资，募集的资金总额达10180.72亿元。与去年前11个月相比（189家，2172.19亿元）同比增长幅度约为 368%。 从受理端来看，今年以来，A股新增受理企业再融资单数达到224单，其中，10月单月新增受理65单， 创下年内单月受理数量新高。具体来看，1月为11单，2月为14单，3月为12单，4月有35单，5月有7单， 6月有12单，7月有22单，8月有33单，9月有11单，10月有65单。 "整体来看，是政策优化与产业升级需求共同推动了再融资市场的活跃。"有券商人士向智通财经谈到。 "主板维持主导地位，与IPO形成错位分布，结构与IPO呈现明显'剪刀差'。"华创证券金融业研究主管、 首席分析师徐康向智通财经指出，"沪深主板占据半壁江山，表明传统行业及大市值公司的融资需求依 然旺盛，且政策通道相对畅通；创业板保持一定活跃度；北交所再融资体量目前较小，与其市场发展阶 段有关。主板业务机会主要集 ...

| ● 当時位置: 出页 > 政府信息 > 政府信息公开 > 主动公开目录 > 技主题语看 > 基金监管 > 进度公示 宏 引 明 | bm56000001/2022-00018143 | ର 费 | 其政策重合生产公社研 | | --- | --- | --- | --- | | 发布机构 | | 发文日期 | 2025年11月14日 | | 80 原 | 【行政许可事局】证券、基金经营机构行政府可申请受建及旱被鹰军公示。 | | | | 文 号 | | 主题调 | | | | 【行政许可事项】证券、基金经营机构行政许可申请受理及审核情况公示 | | | | 公平。公正和使民的原则,现对证券。基金经营机构行政件可受理及审核情况于以公称。 | 按照表临等实《中华人民共和国行政许可请》、《中国证券监督管理委员会行政许可共推理手设定》的要求。为现一步拓宽省政协可往为。以原考报民者为党意。港幣公开。 | | | 据悉，中信证券在10月份进行了两次"减少业务种类"的申请，此举引发市场关注。就此南都湾财社记者 向中信证券了解此次调整的具体背景，中信证券相关负责人向记者表示，"收购广州证券的后续事项"。 日前，中国证监会 ...

Core Insights - The report from CITIC Securities suggests that during the "14th Five-Year Plan" period, hydrogen energy is expected to gradually enter the industrialization stage driven by policy support [1] - The deep integration of green hydrogen with computing power, as well as with wind and solar energy, may bring new growth points to the industry [1] - Fuel Cell Electric Vehicles (FCEVs) are anticipated to accelerate growth under the planning of hydrogen energy high-speed transport corridors, expanding the market size for green fuels [1] - The industrial sector's decarbonization may generate new application scenarios for green hydrogen, driving demand for the green hydrogen supply chain and electrolyzer equipment [1] - Currently, domestic hydrogen energy companies face significant profitability pressures, but profitability growth is expected once industrialization is achieved during the "14th Five-Year Plan" period [1] - From a long-term perspective, it is recommended to focus on three main lines, particularly companies with safety margins in their core business and growth potential in hydrogen energy [1]

Core Viewpoint - The report from CITIC Securities suggests that during the "14th Five-Year Plan" period, hydrogen energy is expected to gradually enter the industrialization stage driven by policy support [1] Industry Summary - The integration of green hydrogen with computing power, as well as with wind and solar energy, may bring new growth points to the industry [1] - The market scale for green fuels is anticipated to expand, and new application scenarios for green hydrogen may emerge in the industrial sector as decarbonization efforts progress [1] - The demand for the green hydrogen industry chain and electrolyzer equipment is expected to increase [1] Company Summary - Currently, domestic hydrogen energy companies are under significant profit pressure; however, profitability growth is expected once industrialization is achieved during the "14th Five-Year Plan" period [1] - From a long-term perspective, it is recommended to focus on three main lines, particularly companies with a safety margin in their core business and growth potential in hydrogen energy [1]

Core Insights - The report from CITIC Securities suggests that during the "14th Five-Year Plan" period, hydrogen energy is expected to gradually enter the industrialization stage driven by policy support [1] - The deep integration of green hydrogen with computing power, as well as with wind and solar energy, may bring new growth points to the industry [1] - Fuel Cell Electric Vehicles (FCEVs) are anticipated to accelerate growth under the planning of hydrogen energy high-speed transport corridors, expanding the market size for green fuels [1] - The industrial sector's decarbonization may generate new application scenarios for green hydrogen, driving demand for the green hydrogen supply chain and electrolyzer equipment [1] - Currently, domestic hydrogen energy companies face significant profitability pressures, but profitability growth is expected after the industry achieves industrialization during the "14th Five-Year Plan" period [1] - From a long-term perspective, it is recommended to focus on three main lines, particularly companies with safety margins in their core business and growth potential in hydrogen energy [1]

Core Viewpoint - The report from CITIC Securities suggests that during the "14th Five-Year Plan" period, hydrogen energy is expected to gradually enter the industrialization stage driven by policy support [1] Industry Summary - The integration of green hydrogen with computing power, as well as with wind and solar energy, is anticipated to create new growth points for the industry [1] - The market scale for green fuels is expected to expand, and new application scenarios for green hydrogen may emerge in the industrial sector as decarbonization efforts increase [1] - The demand for the green hydrogen industry chain and electrolyzer equipment is projected to grow [1] Company Summary - Currently, domestic hydrogen energy companies are facing significant profitability pressures [1] - However, after achieving industrialization during the "14th Five-Year Plan" period, profitability growth is expected [1] - Long-term investment focus is recommended on three main lines, particularly on companies with safety margins in their core business and growth potential in hydrogen energy [1]

Group 1 - The company has received a notice from its sponsor, CITIC Securities, regarding the change of the designated representative for ongoing supervision [1] - CITIC Securities has been the continuous sponsor for the company since its initial public offering on the Sci-Tech Innovation Board, with the supervision period ending on December 31, 2022 [1] - Due to the unutilized funds from the fundraising, CITIC Securities will continue its supervisory duties, with the new representatives being Zhou Peng and Cao Wenwei, following the departure of Xiao Shaochun [1] Group 2 - Cao Wenwei holds a master's degree and has been with CITIC Securities since 2016, participating in various IPO projects and financial advisory roles [2] - His experience includes involvement in IPO projects for companies such as Stone Technology and Aima Technology, as well as other significant financial advisory projects [2] - The company expresses gratitude to Xiao Shaochun for his contributions during his tenure as the designated representative [1]

Core Viewpoint - The market is focused on the expected development trends for 2026, with a consensus emerging that A-shares present structural opportunities and that the macroeconomic environment will continue to show signs of recovery [1][2]. Group 1: Economic Outlook - Major securities firms predict China's economic growth for 2026 will be in the range of 4.9% to 5.0%, with a "front low, back high" growth pattern expected [3]. - The overall judgment from economists is that the macroeconomic environment will be "stable and improving, with structural optimization" [2][3]. - Export resilience and ongoing industrial upgrades are viewed as key supports for the macroeconomy, with expectations of strong export performance in 2026 [2]. Group 2: Policy and Structural Changes - The core direction for policy in 2026 will focus on structural optimization and a balanced approach to supply and demand [3]. - There is an expectation of moderate expansion in fiscal policy, which will support the conclusion of the deleveraging cycle [2][3]. - The need to address weak domestic demand remains a critical issue for 2026, with price stability being essential for growth [4]. Group 3: Investment Themes - The investment focus for A-shares in 2026 is expected to shift from being driven by sentiment, funds, and valuation to being driven by performance verification [5]. - Key areas of interest include technology growth, external demand breakthroughs, and cyclical recovery [5][6]. - The AI revolution is entering a critical application phase, which is anticipated to support the performance of Chinese assets [6]. Group 4: Sectoral Insights - Three main structural themes for 2026 include recovery trades in cyclical sectors, technology industry trends particularly in AI, and the enhancement of manufacturing influence [6][7]. - The potential for Chinese companies to improve their position in the global value chain is highlighted, with a focus on upgrading traditional manufacturing and expanding global presence [7].

中信证券研报指出，截至2025年三季度末，全市场共有519只公募FOF产品，合计管理规模达1935亿 元，较上季度增长16%。其中，富国、中欧、广发等基金管理人的FOF规模增长较为显著。从业绩表现 来看，三季度偏股型FOF整体收益优于同类FOF平均水平。在持仓结构方面，FOF投资于本公司内部基 金的平均占比为52%，指数基金的配置比例持续上升。随着无风险利率持续下行，市场开始关注股债资 产之外的其他资产的配置价值，预计未来多元资产配置将成为FOF发展的重要方向。在结构性行情加剧 的背景下，主动管理型基金获取超额收益的难度日益增大，指数基金的配置价值进一步凸显，被动化投 资也正成为FOF发展的另一大趋势。 ...