Core Viewpoint - The article emphasizes the role of Shouchao Securities in enhancing financial services to support the real economy and promote high-quality economic development in Beijing, aligning with the national strategy of building a strong financial country and capital market [1] Group 1: Bond Financing - Shouchao Securities has successfully completed bond financing of 8.9 billion yuan for various enterprises in Beijing as the lead underwriter, marking a year-on-year increase of 2.4 billion yuan, or 37% [2] - The company issued 5.3 billion yuan in bonds specifically for technology innovation companies, directly supporting R&D investments and key infrastructure projects in the capital [2] Group 2: Asset Securitization - The asset securitization business of Shouchao Securities has seen a significant increase, with a new management scale of 37.4 billion yuan, representing a year-on-year growth of 92%, elevating its industry ranking to 12th [3] - The company facilitated financing of 16.7 billion yuan through asset-backed securities (ABS) for various asset types, including infrastructure and receivables, gaining widespread recognition from clients [3] Group 3: Equity Financing - Shouchao Securities has actively participated in the capital market development of the Beijing Stock Exchange, providing ongoing support to 30 listed companies in the region [4] Group 4: Platform Building - In 2025, Shouchao Securities organized 8 specialized events to enhance connections among government, enterprises, and financial institutions, improving the understanding and utilization of capital markets by enterprises [5] - The company has been involved in the listing accelerator project for enterprises in Chaoyang District, offering customized consulting and financial services to support local businesses [5] Group 5: Future Outlook - Shouchao Securities aims to deepen its focus on serving the "four centers" of Beijing, integrating into the coordinated development strategy of Beijing-Tianjin-Hebei, and enhancing its offerings in various financial sectors including technology and green finance [6] - The company is committed to improving the quality and efficiency of its comprehensive financial services, supporting the growth of Beijing enterprises and contributing to the capital's economic development [6]

Group 1 - The event "Silk Road Connects Beijing and Xinjiang" showcases the cultural ties and achievements between Beijing and the Hotan region, coinciding with the 70th anniversary of the Xinjiang Uyghur Autonomous Region in 2025 [1] - The performance featured three thematic chapters: "Silk Road Chapters: Roots of Civilization," "Millennial Echoes: Deep Affection," and "Beijing and Hotan Together: Building a Brilliant Future," highlighting the cultural richness and unity among various ethnic groups [2] - The event aims to strengthen emotional connections between Beijing and Hotan, with additional performances scheduled in various districts until February 1, allowing more residents to experience the unique culture of the border region [2] Group 2 - Shouchuang Securities has donated nearly 14 million yuan to support various initiatives in Xinjiang, including cultural, educational, and ecological projects, demonstrating its commitment to national unity and progress [4] - The company's ongoing activities, such as the "Cultural Nurturing Patriotism" educational camps and the "Cultural Enrichment for Xinjiang" series, reflect its dual focus on material support and spiritual empowerment [3] - Shouchuang Securities aims to leverage its financial strength to enhance collaborative development between Beijing and Xinjiang, contributing to a higher quality and more sustainable partnership [4]

Core Viewpoint - The company aims to enhance its services to the real economy and empower new productive forces, aligning with the strategic development of Beijing's financial market and supporting high-quality economic growth in the capital [1] Group 1: Bond Financing - The company has successfully completed bond financing of 8.9 billion yuan for various enterprises in Beijing, marking a year-on-year increase of 2.4 billion yuan, or 37% [2] - In 2025, the company issued 5.3 billion yuan in technology innovation corporate bonds to support R&D and key infrastructure projects, contributing to the transformation and upgrading of the capital's industries [2] Group 2: Asset Securitization - The asset securitization business has seen a significant increase, with a new management scale of 37.4 billion yuan, representing a year-on-year growth of 92%, elevating the company's industry ranking to 12th [3] - The company facilitated financing of 16.7 billion yuan through asset-backed securities (ABS) for various asset types, earning widespread recognition and trust from clients [3] Group 3: Equity Financing - The company has made significant strides in the Beijing Stock Exchange, with successful sponsorship of projects and a robust pipeline of potential listings, enhancing the capital market's vitality [4] - Throughout the year, the company provided ongoing support to 30 listed companies in Beijing, reinforcing its commitment to local market development [4] Group 4: Platform Development - The company has organized eight specialized events to connect government, enterprises, and financial institutions, enhancing communication and resource sharing within the capital's financial ecosystem [5] - The company has also supported the Chaoyang District's enterprise listing accelerator project, offering tailored consulting and market insights to help local companies thrive [6] Group 5: Future Outlook - The company plans to focus on serving the "Four Centers" of Beijing, integrating into the coordinated development strategy of the Beijing-Tianjin-Hebei region, and advancing various financial initiatives [7] - The company aims to enhance its comprehensive financial services, contributing to the high-quality development of the capital's economy and social progress [7]

Group 1 - The core viewpoint of the article highlights a significant surge in bond issuance by securities firms at the beginning of 2026, driven by a strong A-share market and an increase in capital demand, with a total issuance of 119.52 billion yuan, representing a year-on-year growth of 71.87% [1][2] - The bond issuance is characterized by diversification, with both traditional leading firms like China Galaxy and internet brokers like East Money participating, and various types of products being issued, including conventional corporate bonds and perpetual subordinated bonds [2][3] - The bond issuance trend is a continuation from 2025, where the total issuance exceeded 1.89 trillion yuan, with both the number and scale of bonds issued showing over 44% year-on-year growth [3] Group 2 - The increase in bond issuance is attributed to a combination of business transformation, policy guidance, and a low-cost environment, with firms transitioning from traditional channel businesses to capital-intensive models [4][5] - The active A-share market has led to a growing demand for capital-intensive business expansion, prompting firms to leverage debt financing to seize profit opportunities [4][6] - The current low interest rate environment has made bond issuance an attractive option for firms to refinance high-interest debt and optimize financial structures, thereby enhancing profit margins for future business expansion [4][6] Group 3 - The regulatory environment has positively influenced the expansion of financing channels, with securities firms being included in the issuance of technology innovation bonds, aligning fundraising with national strategic goals [5][6] - The bond issuance trend is expected to continue in the short to medium term, as long as market activity remains robust, sustaining the demand for capital [6][7] - The competitive landscape is shifting towards a "stronger gets stronger" dynamic, where leading firms are better positioned to capitalize on low-cost debt financing, potentially widening the gap between them and smaller firms [7][8]

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2026 on January 30, 2026, at 15:00 in Beijing [2][4] - The voting method for the meeting will combine on-site voting and online voting through the Shanghai Stock Exchange's shareholder meeting voting system [4][6] - The online voting period will be on the same day as the meeting, from 9:15 to 15:00 [2][6] Group 2 - Shareholders must register to attend the meeting, with registration available on January 29, 2026, from 9:30 to 11:30 and 14:00 to 16:30 [10][14] - The company will provide a reminder service for small and medium-sized investors to ensure they can participate in the meeting and vote [7] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same category of ordinary shares [6][8]

Core Insights - The issuance of bonds has become a mainstream method for securities firms to supplement capital and optimize their liability structure, driven by the need for business expansion and innovation, alongside the current low-interest financing window [1][2] Group 1: Bond Issuance Trends - Securities firms have issued bonds exceeding 90 billion yuan this year, with a year-on-year increase of nearly 50% [1] - As of January 14, securities firms have cumulatively issued 31 bonds, amounting to 90.5 billion yuan, representing a year-on-year growth of 47.4% [2] - The main type of bonds issued is securities company bonds, with 24 bonds issued totaling 72.2 billion yuan, a year-on-year increase of 37% [2] Group 2: Diversification in Bond Issuance - The bond issuance has shown significant diversification, with traditional leading firms like China Galaxy and Shenwan Hongyuan, as well as internet brokers like Oriental Fortune, participating [2] - The product types have expanded to include conventional corporate bonds, technology innovation corporate bonds, and perpetual subordinated bonds [2] Group 3: Cost Advantages - The average coupon rate for securities company bonds issued this year is 1.78%, down 0.19 percentage points from the average level of 1.97% in 2025 [2] - The average coupon rate for short-term financing bonds is 1.71%, slightly down 0.05 percentage points from 1.76% in 2025, enhancing the incentive for firms to issue bonds for capital supplementation [2] Group 4: Purpose of Fundraising - The primary purposes for bond issuance by securities firms include meeting business development needs, supplementing working capital, and repaying maturing debts [3]

Group 1 - The company, Shouchao Securities, announced that it will hold its first extraordinary shareholders' meeting on January 30, 2026, at 15:00 [2]

证券代码：601136 证券简称：首创证券 公告编号：2026-002 首创证券股份有限公司 关于召开2026年第一次临时股东会的通知 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： 股东会召开日期：2026年1月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 （一）股东会类型和届次 2026年第一次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结 合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2026 年 1 月 30 日 15 点 00 分 1 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等有关 规定执行。 （七）涉及公开征集股东投票权 召开地点：北京市朝阳区安定路 5 号院 13 号楼北投投资大厦会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 ...

2026 年第一次临时股东会 会议文件 首创证券股份有限公司 2026 年 1 月 30 日·北京 2026 年第一次临时股东会会议文件 首创证券股份有限公司 2026 年第一次临时股东会议程 现场会议时间：2026 年 1 月 30 日（星期五）15 点 00 分 现场会议地点：北京市朝阳区安定路 5 号院 13 号楼北投投资大厦会议室 网络投票：采用上海证券交易所网络投票系统，通过交易系统投票平台的投票 时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00； 通过互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 会议召集人：首创证券股份有限公司（以下简称公司或本公司）董事会 会议主持人：公司董事长（按照《公司章程》规定主持召开） 现场会议日程： 一、主持人宣布会议开始 二、宣布股东会出席情况、推选监票人和计票人 三、介绍会议基本情况 四、审议股东会议案（含股东发言、提问环节） 五、填写现场表决票并开始投票 六、休会（汇总统计现场投票情况和网络投票情况） 七、宣布会议表决结果（最终投票结果以公司公告为准） 八、公司聘请的见证律师宣读本次股东 ...

Group 1 - The A-share market has shown a strong upward trend since the beginning of 2026, with the financing balance of the two markets exceeding 2.6 trillion yuan, prompting leading brokerage firms to issue bonds to support business development [1][3] - Major brokerages have actively engaged in bond issuance, with China Galaxy announcing a public bond issuance of up to 30 billion yuan and East Money Securities planning to issue up to 20 billion yuan in subordinated bonds [1][3] - The bond financing scale for brokerages has experienced explosive growth, with a total issuance amount of 81.3 billion yuan in early 2026, a nearly 70% increase compared to the same period in 2025 [3][4] Group 2 - The surge in bond financing is driven by a combination of factors, including increased market activity, rising capital demands, and a favorable low-interest-rate environment that makes bond financing more attractive than equity financing [6][7] - Brokerages are using the proceeds from bond issuances primarily for replenishing working capital and repaying maturing debts, which is crucial for their operational stability and growth [5][6] - The trend of bond issuance is expected to continue in 2026, with a focus on capital supplement bonds and a shift towards longer-term financing to match the capital needs of margin trading and proprietary investment [8][9]