Group 1 - The core viewpoint of the news is that CIMC Vehicles has been actively engaging with various investment institutions to address investor concerns regarding its performance fluctuations and to highlight its strategic initiatives in the North American market and global southern markets [1][2]. Group 2 - CIMC Vehicles conducted investor meetings from December 1 to December 26, 2025, with 17 institutions, including Ruiyuan Fund and CITIC Securities [1]. - The company's latest stock price is 9.15 yuan, down 0.52 yuan or 5.38% from the previous trading day, with a total market capitalization of 17.148 billion yuan [1]. - The rolling P/E ratio of the automotive manufacturing industry is 27.12, with a median of 20.46, while CIMC Vehicles has a P/E ratio of 19.84, ranking 7th in the industry [1]. - For the first three quarters of 2025, CIMC Vehicles reported a non-recurring net profit attributable to shareholders of 622 million yuan, impacted by geopolitical issues and trade wars affecting market structure [1]. - The company has localized its manufacturing and delivery of semi-trailers in North America, including box-type and refrigerated semi-trailers [1]. - In the global southern market, CIMC Vehicles experienced a revenue increase of 15.79% and a sales volume increase of 21.39% in the first three quarters of 2025, with a gross margin increase of 2.6 percentage points [2]. - The company has sold over 30,000 units of the CIMC-Shaanxi Automobile "Three Good Development" model and established 15 "Three Good Centers" nationwide [2]. - As of September 30, 2025, CIMC Vehicles had 29,809 shareholders, a decrease of 5,707 from the previous count, with an average holding value of 575,300 yuan and an average holding of 62,900 shares [2].

中证报中证网讯（记者 赵中昊）伴随着蘅东光、新广益成功登陆资本市场，2025年A股IPO收官，券商 IPO竞争格局落定。总体看，头部券商稳固领先，中小券商细分赛道突围。从核心业务指标来看，行业 集中度高企态势持续，Wind数据显示，前5名券商合计承销IPO项目64家，占全市场承销家数约五成。 券商差异化竞争格局日益凸显。Wind数据显示，双创板块是IPO支持科技与新兴产业融资的核心载体， 合计募资633.71亿元（按发行日口径，下同），占全年IPO募资总额近一半，成为券商必争之地。其 中，科创板依旧呈现头部集中态势，中信证券以168.95亿元承销规模、44.64%的市场份额领跑所有券 商。明星科技企业的标杆拉动效应再度彰显，其中摩尔线程单项目即为中信证券贡献近72亿元承销规 模；华泰联合承销的沐曦股份项目规模近42亿元，占其科创板承销业务总规模的92%。 据Wind数据，北交所持续深化服务创新型中小企业的核心定位，承销排名前五的券商依次为招商证 券、华泰联合、东方证券、国投证券、国金证券。 近日，中国证券业协会2025年证券公司投行业务质量评价结果公布，12家券商获得A类评价，较去年增 加1家。其中，国泰海通 ...

Group 1 - The Securities Social Media Index (SMI) for November 2025 shows a stable top tier, with significant ranking changes among brokerages [1] - The top three positions are held by Dongfang Caifu, CITIC Securities, and Guojin Securities, with Dongfang Caifu rising from second to first place and Guojin Securities jumping from eighth to third [1] - New entrants to the list include Guotai Haitong, Hu'an Securities, Kaiyuan Securities, and Huafu Securities, while firms like Debang Securities and Shanxi Securities dropped out [1] Group 2 - The Douyin high-praise list for November highlights emotional, trending, and practical content, with Dongfang Caifu's post on investment behavior resonating emotionally, achieving 15,000 likes [2] - Guojin Securities used a humorous approach to engage users by discussing characteristics of stock investors, which also garnered significant attention [2] - Other notable content includes analyses on Nvidia's market value and nuclear technology breakthroughs, indicating a growing interest in educational and global perspectives among users [2] Group 3 - Video content from brokerages focuses on brand promotion and in-depth research, with CITIC Securities discussing A-share market strategies for 2026, receiving nearly 1,000 likes [6] - Hongta Securities analyzed new opportunities in the consumer industry related to the "Double Eleven" shopping festival, providing a comprehensive investment overview [6] Group 4 - The public account rankings emphasize important market information and investment foresight, with CITIC Securities' extensive report on 2026 trends achieving over 100,000 reads, showcasing the demand for in-depth research [12] - The content reflects a shift in investor needs, focusing on emotional resonance and understanding rather than just investment advice, highlighting the importance of engaging and relatable communication [15]

1. Report Date - The report is dated December 31, 2025 [2] 2. Treasury Bond Futures Transaction Summary 2.1 Ten - year Treasury Bond Futures - T2603: Closing price 107.86, down 0.07%; volume 93,519, up 30%; turnover 100.8 billion, up 30%; open interest 223,646, down 6,646; margin 4.82 billion [3] - T2606: Closing price 107.88, down 0.06%; volume 5,005, up 17%; turnover 5.4 billion, up 17%; open interest 11,156, up 124; margin 240 million [3] - T2609: Closing price 107.74, down 0.08%; volume 548, down 4%; turnover 600 million, down 4%; open interest 1,317, up 156; margin 30 million [3] - Total: Volume 99,072, up 29%; turnover 106.8 billion, up 29%; open interest 236,119, down 6,366; margin 5.09 billion [3] 2.2 Five - year Treasury Bond Futures - TF2603: Closing price 105.76, down 0.04%; volume 66,075, down 3%; turnover 69.9 billion, down 3%; open interest 147,910, up 595; margin 1.88 billion [3] - TF2606: Closing price 105.75, down 0.04%; volume 5,300, up 79%; turnover 5.6 billion, up 79%; open interest 15,693, up 575; margin 200 million [3] - TF2609: Closing price 105.62, down 0.03%; volume 72, up 3%; turnover 100 million, up 3%; open interest 1,757, up 26; margin 20 million [3] - Total: Volume 71,447, up 1%; turnover 75.5 billion, up 1%; open interest 165,360, up 1,196; margin 2.1 billion [3] 2.3 Thirty - year Treasury Bond Futures - TL2603: Closing price 111.41, down 0.35%; volume 117,690, up 41%; turnover 130.9 billion, up 41%; open interest 142,077, up 998; margin 5.54 billion [3] - TL2606: Closing price 111.63, down 0.37%; volume 10,496, up 56%; turnover 11.7 billion, up 55%; open interest 25,486, up 676; margin 1 billion [3] - TL2609: Closing price 111.40, down 0.33%; volume 472, up 387%; turnover 500 million, up 384%; open interest 1,202, up 71; margin 50 million [3] - Total: Volume 128,658, up 43%; turnover 143.1 billion, up 42%; open interest 168,765, up 1,745; margin 6.58 billion [3] 2.4 Two - year Treasury Bond Futures - TS2603: Closing price 102.45, down 0.03%; volume 39,159, down 5%; turnover 80.2 billion, down 5%; open interest 74,199, down 1,931; margin 760 million [3] - TS2606: Closing price 102.49, down 0.03%; volume 472, up 278%; turnover 1 billion, up 277%; open interest 2,687, up 20; margin 30 million [3] - TS2609: Closing price 102.50, down 0.04%; volume 525, up 108%; turnover 1.1 billion, up 107%; open interest 741, up 50; margin 10 million [3] - Total: Volume 40,156, down 4%; turnover 82.3 billion, down 4%; open interest 77,627, down 1,861; margin 800 million [3] 3. Treasury Bond Futures Net Open Interest - There are charts showing the net open interest of ten - year, five - year, thirty - year, and two - year Treasury bond futures for different periods, including the top five, top ten, and top twenty positions [5] 4. Ten - year Treasury Bond Futures Position Details 4.1 T2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 40,023 and an increase of 6,509, Orient Securities Futures (on behalf of clients) with 28,884 and an increase of 10,130, and Guotai Junan (on behalf of clients) with 16,495 and an increase of 1,894 [8] - For long positions, the top three are CITIC Futures (on behalf of clients) with 50,890, Orient Securities Futures (on behalf of clients) with 31,057 and a decrease of 296, and Guotai Junan (on behalf of clients) with 29,996 and a decrease of 1,855 [8] - For short positions, the top three are CITIC Futures (on behalf of clients) with 34,251 and a decrease of 10, Orient Securities Futures (on behalf of clients) with 25,216 and a decrease of 4,858, and China Merchants Futures (on behalf of clients) with 19,256 and a decrease of 61 [8] 4.2 T2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 3,572 and an increase of 1,084, Haitong Futures (on behalf of clients) with 998 and an increase of 177, and Orient Securities Futures (on behalf of clients) with 988 and a decrease of 667 [10] - For long positions, the top three are Guotai Junan (on behalf of clients) with 3,419, Galaxy Futures (on behalf of clients) with 1,246, and Hongyuan Futures (on behalf of clients) with 891 [10] - For short positions, the top three are Galaxy Futures (on behalf of clients) with 2,641 and an increase of 27, Orient Securities Futures (on behalf of clients) with 1,430, and GF Futures (on behalf of clients) with 1,048 and a decrease of 48 [10] 5. Five - year Treasury Bond Futures Position Details 5.1 TF2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 24,885 and a decrease of 730, Orient Securities Futures (on behalf of clients) with 23,092 and an increase of 2,721, and Guotai Junan (on behalf of clients) with 10,895 and a decrease of 5,128 [12] - For long positions, the top three are Orient Securities Futures (on behalf of clients) with 32,897 and an increase of 4,887, CITIC Futures (on behalf of clients) with 27,254 and a decrease of 123, and Guotai Junan (on behalf of clients) with 9,872 and a decrease of 772 [12] - For short positions, the top three are CITIC Futures (on behalf of clients) with 25,676 and an increase of 350, Guotai Junan (on behalf of clients) with 16,413 and an increase of 331, and Ping An Futures (on behalf of clients) with 13,685 and a decrease of 477 [12] 5.2 TF2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 2,049 and an increase of 946, Guotai Junan (on behalf of clients) with 1,583 and an increase of 1,275, and Orient Securities Futures (on behalf of clients) with 1,506 and an increase of 159 [14] - For long positions, the top three are CITIC Futures (on behalf of clients) with 4,269 and a decrease of 342, Xingzheng Futures (on behalf of clients) with 1,784, and Galaxy Futures (on behalf of clients) with 1,382 and an increase of 105 [14] - For short positions, the top three are CITIC Futures (on behalf of clients) with 3,119 and an increase of 1, Huatai Futures (on behalf of clients) with 2,348, and Guotai Junan (on behalf of clients) with 2,318 and an increase of 1,000 [14] 6. Thirty - year Treasury Bond Futures Position Details 6.1 TL2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 39,632 and an increase of 11,428, Orient Securities Futures (on behalf of clients) with 24,643 and an increase of 6,198, and Guotai Junan (on behalf of clients) with 19,077 and an increase of 5,014 [15] - For long positions, the top three are CITIC Futures (on behalf of clients) with 16,270 and an increase of 588, Guotai Junan (on behalf of clients) with 16,201 and a decrease of 453, and Orient Securities Futures (on behalf of clients) with 12,796 and an increase of 139 [15] - For short positions, the top three are CITIC Futures (on behalf of clients) with 17,400 and a decrease of 462, Galaxy Futures (on behalf of clients) with 13,711 and an increase of 25, and Orient Securities Futures (on behalf of clients) with 13,473 and a decrease of 1,462 [15] 6.2 TL2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 3,816 and a decrease of 105, Haitong Futures (on behalf of clients) with 2,629 and an increase of 691, and Guotai Junan (on behalf of clients) with 2,626 and an increase of 910 [18] - For long positions, the top three are CITIC Futures (on behalf of clients) with 8,197, Guotai Junan (on behalf of clients) with 2,398, and Galaxy Futures (on behalf of clients) with 2,258 [18] - For short positions, the top three are Galaxy Futures (on behalf of clients) with 4,951 and an increase of 136, Guojin Futures (on behalf of clients) with 2,944 and a decrease of 94, and Huatai Futures (on behalf of clients) with 2,559 and an increase of 240 [18] 7. Two - year Treasury Bond Futures Position Details 7.1 TS2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 17,261 and an increase of 1,419, Orient Securities Futures (on behalf of clients) with 11,976 and an increase of 896, and Guotai Junan (on behalf of clients) with 5,834 and a decrease of 4,549 [19] - For long positions, the top three are CITIC Futures (on behalf of clients) with 13,550, Guotai Junan (on behalf of clients) with 6,297 and a decrease of 21, and CITIC Construction Investment (on behalf of clients) with 6,233 and an increase of 45 [19] - For short positions, the top three are CITIC Futures (on behalf of clients) with 19,436 and a decrease of 1,243, Guotai Junan (on behalf of clients) with 10,833 and an increase of 475, and GF Futures (on behalf of clients) with 8,703 and an increase of 27 [19] 7.2 TS2606 Contract - All trading volume, long - position, and short - position data are 0 [22]

香港联交所最新资料显示，12月30日，中信证券资产管理有限公司增持中广核电力(01816)3049.4万股， 每股作价2.9394港元，总金额约为8963.41万港元。增持后最新持股数目约为20.36亿股，最新持股比例 为18.24%。 ...

智通财经APP获悉，香港联交所最新资料显示，12月30日，中信证券资产管理有限公司增持中广核电力 (01816)3049.4万股，每股作价2.9394港元，总金额约为8963.41万港元。增持后最新持股数目约为20.36 亿股，最新持股比例为18.24%。 ...

Core Insights - The 2025 Hong Kong IPO sponsorship rankings reveal that Chinese securities firms dominate the market, holding 6 out of the top 10 positions, with a significant influence in large projects [1][3] Group 1: Market Overview - The "A to H" projects accounted for nearly half of the fundraising amount in the year, showcasing the strong performance of Chinese brokers [1][3] - The leading firms have strengthened their "voice" in major projects, indicating a shift in market dynamics [1] Group 2: Top Sponsoring Institutions - CICC (China International Capital Corporation) leads with a sponsorship scale of HKD 61.5 billion and 41 projects, holding the top position in both scale and number of projects [1][3] - CICC participated in 9 out of the top 20 IPO projects in Hong Kong, representing 45% of the total, with 6 projects having an underwriting share exceeding 70% [1][3] Group 3: Other Notable Firms - CITIC Securities follows closely with a sponsorship scale of HKD 57.7 billion and 32 projects, showing a significant performance disparity between the first and second halves of the year [4] - Morgan Stanley ranks third with 12 projects and a scale of HKD 30.8 billion, experiencing a similar surge in the second half of the year [2][4]

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份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 的 股 份 有 限 公 司 ） （股份代號：6030） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中信証券股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司關於間 接子公司發行中期票據並由全資子公司提供擔保的公告，僅供參閱。 承董事會命 中信証券股份有限公司 董事長 張佑君 中國北京 2025年12月31日 於本公告刊發日期 ，本公司執行董事為張佑君先生 、鄒迎光先生及張長義先生；本公司非執行董事為李艺女士 、 梁丹先生、張學軍先生、付臨芳女士、趙先信先生及王恕慧先生；本公司獨立非執行董事為李青先生、史青春 先生、張健華先生、劉俏先生及李蘭冰女士；及本公司職工董事為施亮先生。 证券代码：600030 证券简称：中信证券 公告编号：临2025-104 中信证券股份有限公司 关于间接子公司发行中期票 ...

每经AI快讯，中信证券12月31日晚间发布公告称，截至公告披露日，公司及控股子公司对外担保总额 为人民币2046.36亿元，占公司最近一期经审计净资产的比例为69.82%。 （记者 曾健辉） 每经头条（nbdtoutiao）——2025十大财经新闻出炉！护航、酣战、变局、狂飙分别指向哪些大事件？ ...

证券代码：600030 证券简称：中信证券 公告编号：临2025-104 一、担保情况概述 （一） 担保的基本情况 公司境外全资子公司中信证券国际有限公司（以下简称中信证券国际）的附 属公司CSI MTN Limited（以下简称发行人或被担保人）于2022年3月29日设立境 外中期票据计划（以下简称中票计划），此中票计划由中信证券国际提供担保。 根据存续票据到期情况，结合公司业务发展实际需要，发行人于2025年12月30 日、31日在中票计划下发行三笔票据，发行金额合计4,480万美元。 中信证券股份有限公司 关于间接子公司发行中期票据 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 | | 被担保人名称 | 本次担保金额 | 实际为其提供的担保余额 | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | | | | | （不含本次担保金额） | 预计额度内 | 否有反担保 | | CSI | MTN L ...