Group 1 - The company Jiuli Special Materials announced that it will accept investor research on December 30, 2025, with participation from Chairman Li Zhengzhou, Secretary of the Board Shou Haotian, and Securities Affairs Representative Yao Huiying [1] - The news highlights the emergence of a new type of chip in China that bypasses the limitations of lithography machines, supporting AI training and embodied intelligence, and can be mass-produced using mature processes of 28 nanometers and above [1]

Group 1 - The core point of the announcement is the approval for Dongfang Securities Co., Ltd. to provide primary market-making services for the Huazhang SSE Sci-Tech Innovation Board 50 ETF starting from December 31, 2025 [1][2] - The initiative aims to enhance market liquidity and ensure stable operation of the Sci-Tech Innovation Board 50 ETF [1] - The announcement is in accordance with the relevant regulations outlined in the Shanghai Stock Exchange's self-regulatory guidelines for fund market-making [1]

上证公告（基金）【2025】2723号 为促进永赢沪深300交易型开放式指数证券投资基金（以下简称300永赢，基金代码:563520）的市 场流动性和平稳运行，根据《上海证券交易所基金自律监管规则适用指引第2号——上市基金做市业 务》等相关规定，本所同意东方证券股份有限公司自2025年12月31日起为300永赢提供主做市服务。 特此公告。 上海证券交易所 2025年12月30日 ...

Group 1 - The event "I am a Shareholder" was organized by Dongfang Securities in collaboration with Shanghai Stock Exchange and other institutions to enhance communication between listed companies and investors [1][3] - Shanghai Bank's Secretary of the Board, Li Xiaohong, shared insights on the bank's development history, main business, market positioning, and future strategy to provide investors with a comprehensive understanding of the bank's operations and industry status [3][6] - Investors had the opportunity to engage directly with Shanghai Bank's management, asking questions about strategic planning, business features, and dividend policies, which were addressed by Li Xiaohong and department heads [3][7] Group 2 - The event included a visit to Shanghai Bank's Puxi branch, showcasing its historical significance and modern design, emphasizing the bank's commitment to customer service and community engagement [6] - Dongfang Securities plans to continue strengthening investor protection and education, aiming to enhance investors' awareness and rights, contributing to the high-quality development of the capital market [7] - Participants expressed high appreciation for the event, highlighting its role in facilitating direct communication with the company and reinforcing the commitment to protecting investor rights and supporting the real economy [7]

Group 1 - The core value of fund advisory is highlighted, addressing the industry pain point where 720 million public fund investors face challenges such as selecting from numerous funds, lack of professional knowledge, and frequent trading behaviors [3] - The "three parts investment, seven parts advisory" approach is emphasized to achieve dual alpha returns, with specific strategies outlined for constructing advisory portfolios [3] - The importance of investor education and continuous support is stressed, showing that educational efforts can increase the probability of investor profitability by 19.1% [3] Group 2 - The development trajectory of China's public funds is traced, revealing a growth to 36.1 trillion in scale and 13,000 products, alongside the necessity for brokerage wealth management to transition from channel services to buyer services [6] - The core logic and processes for introducing financial products are detailed, focusing on due diligence across macro, meso, and micro levels for public products, and governance and risk-return matching for private products [6] - Strategies to respond to industry fee reduction trends are proposed, including expanding retained scale and transitioning to buyer advisory services [6] Group 3 - The course series effectively clarifies the core framework of wealth management and conveys an industry value perspective centered on client interests, serving as a practical model for talent cultivation in the wealth management sector [9]

为持续引导投资者树立股东意识，积极行使股东权利，提升上市公司投资者关系管理水平，营造理性投资、价值投资、长期投资的市场氛围，9月17日，东 方证券联合上海证券交易所、上海市证券同业公会联合开展"我是股东"——走进沪市上市公司招商轮船（601872）活动顺利举行。东方证券投资者教育基地 组织高净值个人及机构投资者等30余位，实地参观了轮船招商总局，并与公司高管进行了深度交流。 "我是股东"走进上市公司活动自2013年启动以来，已陪伴投资者走过十余年历程，累计组织投资者走进沪市上市公司超过2000家次，仅2024年就达到450家 次，成为资本市场促进投资者与上市公司双向沟通、增强投资者获得感的重要品牌。 在投资者交流会现场，招商轮船董事会秘书孔康，董事会办公室总经理李漫、董事会办公室副总经理刘宇丰、ESG总监蔡晓华等出席活动。招商轮船董秘孔 康先生在致辞中向投资者重点介绍了公司近期在航运主业和ESG工作中取得的亮眼成绩，并强调公司始终将投资者回报和持股体验放在公司价值创造的核心 位置，让广大股东切实分享公司发展的成果。 据了解，招商轮船作为招商局旗下重点发展远洋运输的航运企业，经营和管理着大中华地区历史最悠久、最 ...

Core Insights - The event highlighted the importance of compliance management as a "booster" for capital markets and a "firewall" for financial institutions, emphasizing its core value in the current regulatory framework [3] - The courses provided practical insights into wealth management and asset allocation for high-net-worth clients, showcasing the need for personalized services and strategic asset allocation methods [5][7] Group 1: Compliance Management - The course on compliance management discussed the critical compliance risk points in wealth management, including issues related to securities brokerage, financial product distribution, and investment advisory services [3] - Real regulatory and judicial cases were used to illustrate key compliance risks such as "promising investment returns" and "failure in suitability management" [3] Group 2: High-Net-Worth Client Asset Allocation - The course on high-net-worth clients emphasized the personalized nature of their needs and the necessity for one-on-one advisory services [5] - A "five-step" asset allocation process was detailed, which includes defining financial planning, setting risk-return objectives, determining asset class proportions, bottom-up asset selection, and ongoing portfolio management [5] - The presentation highlighted the strengths of the Oriental Securities asset allocation team, which includes macro research, quantitative models, and a comprehensive coverage of public and private funds [5]

Core Viewpoint - The event "Investor-Centric, Return-Driven Development" focused on enhancing investor understanding and practical skills related to ETF products and strategies, aiming to foster a healthy market ecosystem in line with investor education efforts [1]. Group 1: Event Overview - The event was co-hosted by the China Securities Investor Service Center and Dongfang Securities on November 14, 2025, in Shenzhen, under the guidance of the Shanghai Stock Exchange [1]. - The main objective was to improve investors' recognition and operational capabilities regarding ETF products [1]. Group 2: Course Content - The first session featured an expert from the Shanghai Stock Exchange, who explained the concept and product system of ETFs, detailing their operational principles and characteristics, while analyzing various types of ETFs and their applicable scenarios [3]. - The second session was led by an expert from China Merchants Fund, who introduced diversified ETF strategies and basic concepts of ETF options, providing practical case studies to illustrate asset allocation and arbitrage methods [3]. Group 3: Participant Engagement - The event attracted numerous seasoned investors and high-net-worth individuals from Shenzhen, fostering a vibrant atmosphere for interaction and discussion [5]. - Participants actively engaged in discussions on ETF allocation strategies, industry rotation timing, and option strategy details, reflecting a strong market enthusiasm for ETFs as efficient investment vehicles [5]. Group 4: Future Outlook - Dongfang Securities plans to leverage its research strengths and enhance collaboration with industry stakeholders to expand investor knowledge of ETFs and derivatives, aiming to capture long-term opportunities in a technology-driven era [7].

Core Insights - The event marked the 41st Teacher's Day in China, where Huang Yanming, the director of Dongfang Securities Research Institute, delivered a lecture on "Why Stock Prices Rise and Fall" to over 110 students from various universities [1][3] - The course is part of a collaboration between Dongfang Securities and Shanghai University of Finance and Economics, aimed at promoting financial education and wealth management talent development [1][8] Summary by Sections - **Course Importance**: The course is a key component of the wealth management curriculum in universities, coinciding with the launch of the 2025 "Financial Education Promotion Week," aimed at enhancing financial literacy among students [3] - **Investment Philosophy**: Huang emphasized that the essence of stock price fluctuations lies in changes in market expectations, advocating for a forward-looking approach to investment rather than merely analyzing historical data [3][5] - **Core Thinking Framework**: The lecture introduced core frameworks of securities research, including expectation thinking, trading thinking, and marginal thinking, highlighting the direct relationship between stock price changes and expectation shifts [5] - **Practical Application**: The course not only enriched students' professional knowledge but also systematically developed their financial thinking and risk assessment skills, laying a solid foundation for future careers in wealth management [5][8] - **Industry Collaboration**: Dongfang Securities actively integrates rational investment concepts into university curricula, promoting a new model of financial education through deep collaboration between academia and industry [8]

Group 1 - The event aimed to help investors understand the Beijing Stock Exchange (BSE) market and guide them in objectively analyzing its investment value, with over a hundred participants from Jiangxi Modern Vocational Technology College [1] - The expert lecturer introduced the background of the BSE's establishment as a significant measure for deepening capital market reform and implementing innovation-driven strategies since its inception in 2021, focusing on serving small and medium-sized enterprises [3] - The lecturer detailed the "Deep Reform 19 Articles" top-level design, breaking down reform measures from investment, financing, and trading perspectives to provide a comprehensive understanding of the BSE's development [3] Group 2 - The current operational status of the BSE was discussed to help participants understand its market positioning and development potential, enriching their investment knowledge and aiding in the formulation of suitable investment strategies [5] - An interactive session was conducted to educate students about campus loans and related crimes, emphasizing the importance of safeguarding personal banking information [6] - The event was successfully conducted under the guidance of the BSE, enhancing investor understanding and confidence in the BSE's sustainable, steady, and high-quality development [8]