Group 1 - M&G Plc reduced its stake in Pacific Basin Shipping (02343) by 1.76 million shares at a price of HKD 2.4529 per share, totaling approximately HKD 4.3171 million [1] - After the reduction, M&G Plc's latest holding is approximately 626 million shares, representing a holding percentage of 11.98% [1]

Core Viewpoint - Pacific Shipping (02343) announced the cancellation of 15.944 million repurchased shares, effective September 30, 2025 [1] Group 1 - The company will cancel a total of 15.944 million shares that were previously repurchased [1]

Group 1 - The company, Pacific Shipping (02343), announced the cancellation of 15.944 million shares that were repurchased, effective September 30, 2025 [1]

Core Points - The company Pacific Precision Forging Technology announced an adjustment to the maximum repurchase price for its shares, changing it from 12.96 CNY per share to 12.93 CNY per share, effective from October 16, 2025 [1][4]. Summary by Sections Repurchase Plan Review - On November 4, 2024, the company held its fifth board meeting and subsequently convened a special shareholders' meeting on November 22, 2024, to approve a share repurchase plan. The plan involves using self-owned funds and bank loans to repurchase shares through centralized bidding, aimed at reducing registered capital and implementing an employee stock ownership plan or equity incentive. The total repurchase amount is set between 100 million CNY and 200 million CNY, with a maximum repurchase price of 13.00 CNY per share, to be executed within 12 months from the approval date [2]. Reason for Adjustment - The adjustment in the repurchase price is linked to the company's semi-annual equity distribution plan for 2025, which involves distributing 0.35 CNY per 10 shares to all shareholders, totaling approximately 20.15 million CNY. The record date for the equity distribution is October 15, 2025, and the ex-dividend date is October 16, 2025. The repurchase price must be adjusted accordingly if any ex-dividend events occur during the repurchase period [3]. Adjustment Details - The maximum repurchase price has been adjusted from 12.96 CNY per share to 12.93 CNY per share, calculated by subtracting approximately 0.0344 CNY from the previous price. This adjustment follows the relevant regulations [4]. Other Notes - Aside from the adjustment in the maximum repurchase price, all other aspects of the share repurchase plan remain unchanged. The company will fulfill its information disclosure obligations in a timely manner during the repurchase period [5].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - This week, the REITs index declined slightly, with the CSI REITs Index and CSI REITs Total Return Index falling by 0.82% and 0.65% respectively compared to last week. The trading volume of the public REITs market decreased. In terms of asset types, the indices of equity - type public REITs and franchise - type public REITs fell by 1.48% and 0.70% respectively. Only energy infrastructure and ecological environmental protection REITs rose slightly, while consumer infrastructure REITs had the highest decline. Three public REITs were approved on the same day this week, and 16 public REITs have been issued this year, with a total scale exceeding 30 billion yuan. There are 22 REITs funds waiting to be listed, and the market is expected to continue to expand. In the context of asset shortage, public REITs have the advantages of high dividends and medium - low risks, with a relatively high cost - performance ratio for allocation [5][42][43] Group 3: Summary by Directory 1. Secondary Market: Slight Decline in the Public REITs Market This Week - The public REITs market declined slightly. As of September 26, 2025, the CSI REITs Index fell 0.82% to 831.45 compared to last week, and the CSI REITs Total Return Index was 1064.42, down 0.65% from last week [11] - The trading volume of the REITs market decreased. The total trading volume this week was 388 million shares, a 26.65% week - on - week decline, and the trading amount was 1.86 billion yuan, a 20.51% week - on - week decline. The interval turnover rate this week was 1.63%, compared with 2.30% last week [12] - The indices of equity - type public REITs and franchise - type public REITs both declined, by 1.48% and 0.70% respectively. Among equity - type REITs, consumer infrastructure, affordable rental housing, industrial park infrastructure, new infrastructure, and warehousing and logistics REITs fell by 3.20%, 1.68%, 1.64%, 0.94%, and 0.51% respectively. Among franchise - type REITs, water conservancy facilities, municipal facilities, and transportation infrastructure REITs fell by 1.47%, 1.41%, and 1.11% respectively, while energy infrastructure and ecological environmental protection REITs rose by 0.31% and 0.17% respectively [16][20] - The trading volume and turnover rate of most types of public REITs declined. The trading volume of consumer infrastructure, water conservancy facilities, affordable rental housing, warehousing and logistics, industrial park infrastructure, ecological environmental protection, and new infrastructure REITs decreased by 55.53%, 44.07%, 37.47%, 24.52%, 19.18%, 11.18%, and 4.58% respectively. The trading volume of transportation infrastructure and energy infrastructure REITs increased by 5.85% and 1.46% respectively. The daily average turnover rate of most types of REITs declined [22][24] - Most public REITs products declined. Among the 74 public REITs, 8 rose, 65 fell, and 1 remained flat. The top gainers were CITIC Construction Investment State Power Investment New Energy REIT, CICC Liandong Science and Technology Innovation Industrial Park REIT, and AVIC Jingneng Photovoltaic REIT, with weekly gains of 1.0%, 0.7%, and 0.6% respectively. The top losers were E Fund Shenzhen Expressway REIT, CITIC Construction Investment Mingyang Smart New Energy REIT, and Ping An Ningbo Jiaotong Hangzhou Bay Bridge REIT, with weekly declines of 4.2%, 4.0%, and 4.0% respectively [26] 2. Primary Market: 22 Public REITs Funds Waiting to be Listed - Since 2025, 16 public REITs have been issued. As of September 26, 2025, a total of 75 public REITs have been issued, with a total issuance scale of 196.7 billion yuan. In 2024, 29 REITs were issued, with a total scale of 64.6 billion yuan. In 2025, 16 public REITs have been issued, and 1 was newly issued in September [32] - There are 22 public REITs funds waiting to be listed. Among them, 11 are for initial offerings and 11 are for expansion. In terms of project status, 11 have passed, 6 have been feedbacked, 3 have been questioned, and 2 have been accepted. In terms of types, among industrial REITs, there are 6 industrial park REITs, 2 consumer infrastructure REITs, 4 warehousing and logistics REITs, and 4 affordable rental housing REITs. Among franchise - type REITs, there are 3 energy REITs, 1 transportation REIT, and 1 ecological environmental protection REIT [34] 3. Public REITs Policies and Market Dynamics - Shandong Province's first clean energy equity consolidation - type REITs were successfully issued, with a priority issuance scale of 485 million yuan and an issuance interest rate of 3.70%. After the successful issuance, Shuidi Group became the second Shandong provincial - owned enterprise and the fourth local provincial - owned enterprise nationwide to successfully issue such products [38][39] - Three public REITs, including China Overseas Commercial, Ambo Logistics, and Shenyang Software Park, were approved on the same day. On September 23, the review status of China AMC China Overseas Commercial Asset Closed - end Infrastructure Securities Investment Fund and China AMC Ambo Warehousing Logistics Closed - end Infrastructure Securities Investment Fund was updated to "registration effective", and the China Securities Regulatory Commission approved the registration of CITIC Construction Investment Shenyang International Software Park Closed - end Infrastructure Securities Investment Fund. After the approval of these three products, the total number of domestic public REITs listed and approved since 2025 has risen to about 50 [40] - E Fund Huawai Farmers' Market REIT announced its second dividend in 2025, with a dividend of 0.531 yuan per 10 shares. The income distribution benchmark date was set on June 30, 2025, and the distributable amount reached 26.5672 million yuan, with a dividend ratio of 99.94% [41] 4. Investment Suggestions - This week, the REITs index declined slightly, and the trading volume of the public REITs market decreased. Only energy infrastructure and ecological environmental protection REITs rose slightly, while consumer infrastructure REITs had the highest decline. Three public REITs were approved on the same day this week, and 16 public REITs have been issued this year, with a total scale exceeding 30 billion yuan. There are 22 REITs funds waiting to be listed, and the market is expected to continue to expand. In the context of asset shortage, public REITs have high dividends and medium - low risks, with a relatively high cost - performance ratio for allocation [5][42][43]

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Pacific Securities, including stock price movements and trading volumes [1][2]. - As of September 29, Pacific Securities' stock price increased by 2.02% to 4.55 CNY per share, with a total market capitalization of 31.014 billion CNY [1]. - Year-to-date, the stock has risen by 6.81%, but has seen a decline of 3.60% over the last five trading days [1]. Group 2 - The company was established on January 6, 2004, and went public on December 28, 2007, with its main business activities including securities underwriting, proprietary trading, and brokerage services [2]. - The revenue composition of Pacific Securities includes 41.02% from brokerage services, 32.98% from investment services, and 5.83% from investment banking [2]. - As of June 30, 2025, the company reported a net profit of 121 million CNY, reflecting a year-on-year growth of 76.65% [2]. Group 3 - Since its A-share listing, Pacific Securities has distributed a total of 9.56 billion CNY in dividends, with no dividends paid in the last three years [3]. - As of June 30, 2025, the top ten circulating shareholders include major ETFs, with notable changes in their holdings [3].

Group 1 - The company received a notification from its major shareholder, Shanghai International Group Co., Ltd., regarding the transfer of state-owned shares to support the optimization of state capital layout and structural adjustment [1] - The transfer involves 55,590,000 A-shares (0.58% of total shares) to Jiushi Group and 10,000,000 A-shares (0.10% of total shares) to Shanghai Electric Holding Group [1] - The details of the transfer were disclosed on September 16, 2025, on the Shanghai Stock Exchange website [1] Group 2 - On September 26, 2025, the company received written notification that the transfer had been approved by the Shanghai State-owned Assets Supervision and Administration Commission [2] - Following the completion of the transfer, Shanghai International Group holds 97,128,700 A-shares and 213,043,400 H-shares, totaling 959,554,607 shares (9.97% of total shares) when including its subsidiaries [2] - Jiushi Group directly holds 146,539,460 A-shares (1.52% of total shares) and Shanghai Electric Holding Group holds 10,000,000 A-shares (0.10% of total shares) [2]

Group 1 - The core viewpoint of the article highlights the engagement between the Chinese Consulate in Auckland and the New Zealand Pacific Alpacas Group, emphasizing the company's focus on high-quality alpaca fiber and its rapid business development in China [1][3]. - The company has participated in six consecutive China International Import Expositions (CIIE) and four Consumer Expo events, establishing long-term partnerships with well-known enterprises and e-commerce platforms [3]. - At the eighth CIIE, the company's exhibition area was 15 times larger than its first participation, and it has been designated as the "No. 1" exhibitor for the upcoming sixth Consumer Expo [3]. Group 2 - The Chinese Consulate expressed support for New Zealand companies, including Pacific Alpacas, to leverage platforms like CIIE and Consumer Expo to deepen their market presence in China and share development opportunities [5].

Core Insights - Amorepacific showcased its five major brands—Sulwhasoo, Laneige, Ryo, Aritaum, and HERA—at the 2025 China Fragrance and Cosmetic Industry Annual Meeting and Expo (CAME) [1] Group 1: Product Innovations - Sulwhasoo presented the TimeTreasure Revitalizing Cream, a product developed from 60 years of ginseng research [1] - Laneige focused on lip care with its Moisture Repair Sleeping Mask and Crystal Glow Lip Balm [1] - Ryo highlighted its Olive Ryo series, specifically designed for women's scalp care [1] - Aritaum showcased its Daily Moisture Barrier Repair Cream, targeting sensitive skin solutions [1] - HERA introduced the second-generation Black Cushion Foundation, innovating traditional cushion formulas [1] Group 2: Sustainability Initiatives - Amorepacific's ESG case was included in the "2025 China Fragrance and Cosmetic Industry Sustainable Development (ESG) Practice Case Collection" [1] - Since announcing its "2030 A MORE beautiful promise" sustainable development commitments in 2021, Amorepacific has focused on "harmonious coexistence with nature" and "walking with customers and society" [1] - The company integrates environmental concepts throughout the product lifecycle and promotes diversity and inclusivity through various sustainable actions tailored to the Chinese market [1]

Core Insights - The story highlights how the participation in the China International Import Expo (CIIE) transformed the life of Peruvian artisan Oswaldo Mamani and his family, leading to significant improvements in their living standards and helping over 200 families in Peru escape poverty [1][2]. Group 1: Business Growth - The initial encounter between Mamani and Chinese tourist Ma Yuxia led to a small order of 1,000 alpaca toys, which marked the beginning of a fruitful partnership [2][3]. - After participating in the first CIIE, the brand "Warm Alpaca" was established, resulting in a dramatic increase in production from 50-100 pieces to over 20,000 pieces annually, with regular orders of 2,500 to 3,000 pieces every two months [3][4]. Group 2: Quality Improvement - The CIIE not only opened up the Chinese market for Peruvian handicrafts but also initiated a "quality revolution," pushing the artisans to enhance their product quality to meet international standards [4][5]. - The initial quality of the alpaca toys was inconsistent, leading to a painful adjustment process, but after realizing the importance of quality at the CIIE, the team adopted advanced equipment and strict quality control measures [4][5]. Group 3: International Collaboration - The case of "Warm Alpaca" exemplifies the potential for collaborative growth between countries, emphasizing that cooperation can lead to shared development opportunities [7]. - The brand's representative, Ysabel Zea, participated in a global development initiative at the United Nations, showcasing the success story of "Warm Alpaca" and discussing how the CIIE can inject vitality into global development [5][7]. Group 4: Future Aspirations - The expansion of the exhibition space from 9 square meters to 54 square meters at the CIIE reflects the growing recognition and success of the brand [7]. - Ma Yuxia aims to replicate the success of the alpaca toys by developing more Peruvian handicraft products, aspiring to create additional "alpaca miracles" for other artisans [7].