Core Viewpoint - The article highlights the journey of Caitong Securities Asset Management Co., Ltd. towards high-quality development in the public fund industry, emphasizing its unique broker asset management gene and ten years of public fund experience, focusing on team building, counter-cyclical layout, and win-win with clients [1] Group 1: Business Performance - As of the end of Q3 2025, the company’s total entrusted asset management scale exceeded 300 billion yuan, with public fund management scale surpassing 100 billion yuan and non-monetary public fund management scale exceeding 90 billion yuan, ranking third among broker asset management institutions [1] - The company has maintained a long-term value creation approach and prioritizes the interests of its clients, which is reflected in its investment performance [2] Group 2: Talent Development - The core of the asset management industry is talent, and high-quality development hinges on prioritizing investor interests through systematic construction for long-term value [2] - The company has built a talent team of nearly 40 people in its equity investment team, with an average industry experience of 14 years among core investment personnel, fostering a "mentor-mentee" culture to create a robust talent pipeline [3][4] - The investment team is structured into four departments, focusing on various sectors, and emphasizes macro thinking and forward-looking layouts to capture cross-market opportunities [4] Group 3: Research and Investment Integration - The company emphasizes "deep research" as a key component of its investment philosophy, focusing on vertical industry research, horizontal industry comparisons, and international perspectives [5][6] - A mechanism has been established to promote research-driven investment, with clear departmental roles and standardized processes to enhance efficiency and coverage of industries and stocks [6] Group 4: Cultural Values - The company’s culture is centered on investor interests and long-termism, integrating compliance, integrity, professionalism, and stability into its operations [8] - The company has established a dual-core development strategy of "active management + risk control," viewing risk management as a lifeline [8] - The company has engaged in various social responsibility initiatives, contributing over 9.4 million yuan to public welfare projects by the end of November [8] Group 5: Future Plans - The company plans to reform its assessment mechanisms to align management and client interests, introduce floating fee products, and enhance its overseas investment capabilities following the approval of its QDII qualification [9] - The company aims to deepen its client-centric approach by innovating customer service models and enriching its investor education system [9][10] - The company is committed to a long-term development strategy, focusing on stable performance and clear holding experiences rather than short-term scale chasing [10]

Core Viewpoint - The China Interbank Market Dealers Association announced the results of market evaluations for members applying to engage in underwriting non-financial corporate debt financing tools, adding 8 general lead underwriters, 1 technology innovation lead underwriter, and 15 underwriters [1]. Group 1: New General Lead Underwriters - Eight new members have been added as general lead underwriters for non-financial corporate debt financing tools, including Caitong Securities Co., Ltd., First Capital Securities Co., Ltd., and Huachuang Securities Co., Ltd. [2] - The complete list of new general lead underwriters includes: 1. Caitong Securities Co., Ltd. 2. First Capital Securities Co., Ltd. 3. Huachuang Securities Co., Ltd. 4. Huatai United Securities Co., Ltd. 5. Shanxi Securities Co., Ltd. 6. Western Securities Co., Ltd. 7. JPMorgan Chase Bank (China) Co., Ltd. 8. DBS Bank (China) Ltd. [2] Group 2: New Technology Innovation Lead Underwriter - Zhongyin International Securities Co., Ltd. has been added as the lead underwriter for technology innovation non-financial corporate debt financing tools, which includes supporting technology innovation bonds [2]. Group 3: New Underwriters - Fifteen new members have been added as underwriters for non-financial corporate debt financing tools, including Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd., Bohai Securities Co., Ltd., and Founder Securities Co., Ltd. [3] - The complete list of new underwriters includes: 1. Jiangsu Zhangjiagang Rural Commercial Bank Co., Ltd. 2. Luzhou Bank Co., Ltd. 3. Rizhao Bank Co., Ltd. 4. Weifang Bank Co., Ltd. 5. Bohai Securities Co., Ltd. 6. Debon Securities Co., Ltd. 7. Founder Securities Co., Ltd. 8. Guohai Securities Co., Ltd. 9. Guolian Minsheng Securities Co., Ltd. 10. Guoxin Securities Co., Ltd. 11. Huaxin Securities Co., Ltd. 12. Huayuan Securities Co., Ltd. 13. Shanghai Securities Co., Ltd. 14. Shiji Securities Co., Ltd. 15. Southwest Securities Co., Ltd. [3] Group 4: Regulatory Requirements - The qualifications for engaging in non-financial corporate debt financing tool underwriting are limited to legal entities participating in the market evaluation [4]. - Lead underwriters and underwriters are required to establish relevant departments, equip dedicated personnel, and develop operational procedures, risk management, and internal control systems for underwriting activities [4]. - Lead underwriters must collaborate with independent lead underwriters to conduct underwriting business and may independently engage in underwriting after gaining sufficient experience [4].

Core Viewpoint - The speech by Wu Qing, Chairman of the China Securities Regulatory Commission, outlines the responsibilities and strategic directions for the securities industry during the "14th Five-Year Plan" period, emphasizing the need for high-quality development and the role of the securities sector in building a financial powerhouse [1][11]. Group 1: Responsibilities and Strategic Directions - The securities industry must prioritize functionality, focusing on supporting new productive forces, enhancing residents' wealth, and promoting high-level openness [1][2]. - As the only provincial state-owned securities firm in Zhejiang, the company aims to align its development with the economic status of Zhejiang, contributing to the province's high-quality development and common prosperity [2][3]. Group 2: Development Strategies - The company plans to build a first-class modern investment bank, recognizing that strong financial institutions, including investment banks, are essential for a financial powerhouse [3][8]. - The company will adopt a differentiated development approach, focusing on local market strengths and creating specialized services such as "Sci-Tech Investment Bank," "State-Owned Assets Investment Bank," and "Common Prosperity Investment Bank" [3][8]. Group 3: "Four Types of Financial Services" Strategy - The "Four Types of Financial Services" strategy includes: 1. **Sci-Tech Financial Services**: Supporting the real economy and new productive forces, managing over 120 billion yuan in industry funds and facilitating nearly 160 billion yuan in social investment [4]. 2. **Service-Oriented Financial Services**: Enhancing investor services and wealth management, with a focus on inclusive finance and innovative financial products [5]. 3. **Platform Financial Services**: Promoting high-level institutional openness and establishing a global service network through partnerships with Zhejiang business associations [6]. 4. **Transformational Financial Services**: Fostering a culture of innovation and digital transformation to support the company's growth [7][10]. Group 4: "Five Transformations" Strategic Tasks - The company will focus on five strategic tasks to enhance its investment banking capabilities: 1. **Specialized Development**: Collaborating with local governments to create technology finance service centers [8]. 2. **Comprehensive Business Operations**: Implementing a customer-centric model to improve service delivery [9]. 3. **International Expansion**: Establishing a presence in international markets to support domestic enterprises [9]. 4. **Digital Transformation**: Leveraging AI and data analytics to enhance operational efficiency [10]. 5. **Group Governance**: Strengthening brand and customer service integration to maximize overall value [10].

截至2025年12月30日收盘，财通证券(601108)报收于8.81元，上涨0.57%，换手率1.23%，成交量56.89万 手，成交额5.01亿元。 财通证券股份有限公司于2025年12月30日召开2025年第三次临时股东会，会议由董事会召集，董事长主 持，采用现场与网络投票相结合方式举行。出席会议股东及代理人共576人，代表有表决权股份总数的 38.3544%。会议审议通过了《关于取消监事会并修订的议案》等九项议案，其中第一项为特别决议议 案，获得有效表决权股份的三分之二以上同意。表决程序符合法律法规及公司章程规定。 2025年第三次临时股东会决议公告 财通证券股份有限公司于2025年12月30日召开2025年第三次临时股东会，审议通过了关于取消监事会并 修订《公司章程》的议案，以及修订《股东大会议事规则》《董事会议事规则》《董事履职评价与薪酬 管理制度》《独立董事工作制度》《对外投资管理制度》《关联交易管理制度》《对外担保决策管理制 度》《募集资金管理制度》等多项议案。会议召集、召开及表决程序符合法律规定，决议合法有效。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备31010434571 ...

（文章来源：证券日报） 证券日报网讯 12月30日，财通证券发布公告称，公司2025年12月30日召开2025年第三次临时股东会， 审议通过《关于取消监事会并修订的议案》等多项议案。 ...

新华财经北京12月30日电 中国银行间市场交易商协会发布《关于2025年非金融企业债务融资工具承销 业务相关会员申请从事承销相关业务市场评价结果的公告》，增加8家非金融企业债务融资工具一般主 承销商、1家科技创新非金融企业债务融资工具主承销商、15家非金融企业债务融资工具承销商。 新增财通证券股份有限公司、第一创业证券承销保荐有限责任公司、华创证券有限责任公司等8家会员 为非金融企业债务融资工具一般主承销商。 主承销商及承销商应按照相关要求，设立主承销及承销业务相关部门，配备专职主承销及承销业务人 员，建立健全主承销及承销业务操作规程、风险管理和内部控制制度，规范开展非金融企业债务融资工 具主承销及承销业务。 主承销商获得主承销业务资格后，须与具备独立主承销能力的主承销商联合开展主承销业务。根据要 求，具备一定联席主承销业务经验后，可独立开展非金融企业债务融资工具主承销业务。 主承销商或承销商因违法违规行为受到刑事处罚、重大行政处罚或交易商协会重大自律处分的，交易商 协会将根据《市场评价规则》等自律规则暂停或取消其承销业务相关资格。 | 新增科技创新非金融企业债务融资工具主承销商名单 | | --- | | ...

浙江六和律师事务所 关于财通证券股份有限公司 2025 年第三次临时股东会的 法律意见书 浙六和法意（2025）第 2584 号 致：财通证券股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下称"《公司法》"）和中国证券监督管理委员会发布的《上市 公司股东会规则》等法律、法规、规范性文件以及《财通证券股份有限公司章程》 （以下称"《公司章程》"）的规定，浙江六和律师事务所接受财通证券股份有限 公司（以下称"公司"）委托，指派李昊律师、王舒瑜律师（以下称"六和律师"） 出席了公司 2025 年第三次临时股东会并对本次股东会的相关事项进行见证，并 出具本法律意见书。 为出具本法律意见书，六和律师对本次股东会所涉及的有关事项进行了审查， 查阅了六和律师认为出具本法律意见书所必须的文件、资料，并对有关事实进行 了必要的核查和验证。 六和律师同意将本法律意见书作为本次股东会的法定必备文件予以公告，并 依法对所出具的法律意见承担责任。 六和律师根据我国法律的要求，按照律师行业公认的业务标准、道德规范和 勤勉尽责精神，对公司 2025 年第三次临时股东会的召集、召开及其他 ...

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： 证券代码：601108 证券简称：财通证券 公告编号：2025-083 财通证券股份有限公司 2025年第三次临时股东会决议公告 《章程》的有关规定。 二、 议案审议情况 审议结果：通过 表决情况： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 576 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,781,091,259 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 38.6940% | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长章启诚先生主持。会议采用的表决方式 是现场投票和网络投票相结合的方式。会议的召集、召开符合《公司法》及公司 (一) 股东会召开的时间：2025 年 12 月 30 日 (二) 股东会召开的地点：杭州市西湖区天目山路 198 号财通双 ...

Core Viewpoint - The A-share market is expected to recover steadily in 2026, driven by policy support, profit recovery, and global liquidity easing, with a focus on new trends and opportunities in various sectors [1][2]. Group 1: Market Outlook - Institutions generally hold a positive outlook for the A-share market in 2026, anticipating a "slow bull" market supported by increased domestic and foreign capital inflows, corporate profit recovery, and enhanced policy measures [1][2]. - The expected net profit growth for listed companies in 2026 is around 4.8%, with a potential for an additional 10% valuation expansion under optimistic scenarios [3]. Group 2: Industry Allocation Recommendations - Key investment themes for 2026 include technology and consumer sectors, with a consensus on the growth potential from overseas expansion [1][2]. - Specific focus areas include resource and traditional manufacturing upgrades, globalization of Chinese companies, and the expansion of AI applications [2][4][6]. - The "old economy" sectors, particularly high-quality leading companies in energy, consumption, and real estate, are also seen as having significant investment value [12]. Group 3: Strategic Insights from Analysts - Analysts from various firms emphasize the importance of a balanced approach to investment, with a focus on both growth and value strategies, particularly in technology and traditional sectors [12][14]. - The ongoing AI revolution and its commercialization are highlighted as critical drivers for future growth, with specific attention to sectors like machinery, renewable energy, and innovative pharmaceuticals [5][6][10].

Company Overview - Jinqiao Information Co., Ltd. is located at 487 Tianlin Road, Xuhui District, Shanghai, established on August 17, 1994, and listed on May 28, 2015. The company specializes in smart scene solutions, smart building solutions, and big data and cloud platform services [1] - The revenue composition of the company is as follows: smart scene solutions account for 51.82%, smart building solutions 26.73%, and big data and cloud platform services 21.45% [1] Stock Performance - On December 30, Jinqiao Information's stock fell by 1.01%, trading at 15.69 yuan per share, with a transaction volume of 2.12 billion yuan and a turnover rate of 3.61%. The total market capitalization is 57.33 billion yuan [1] Shareholder Information - Among the top ten circulating shareholders of Jinqiao Information, a fund under Caitong Securities Asset Management holds a position. The Caitong Asset Management Digital Economy Mixed Fund A (017483) reduced its holdings by 3.0349 million shares in the third quarter, now holding 2.457 million shares, which represents 0.67% of the circulating shares. The estimated floating loss today is approximately 393,100 yuan [2] - The Caitong Asset Management Digital Economy Mixed Fund A was established on December 26, 2022, with a current scale of 1.069 billion yuan. Year-to-date returns are 79.65%, ranking 304 out of 8087 in its category; the one-year return is 74.24%, ranking 301 out of 8085; and since inception, the return is 105.78% [2] Fund Management - The fund manager of Caitong Asset Management Digital Economy Mixed Fund A is Bao Lianwen, who has been in the position for 4 years and 39 days. The total asset scale of the fund is 7.888 billion yuan, with the best fund return during the tenure being 105.78% and the worst being 8.01% [3]