Core Viewpoint - Shouchuang Securities has submitted a listing application to the Hong Kong Stock Exchange, with several major securities firms acting as joint sponsors [1] Group 1: Financial Performance - From 2022 to 2024, Shouchuang Securities ranks fifth in revenue growth and tenth in net profit growth among 42 A-share listed securities companies in China [1] - In 2024, the average return on total assets of Shouchuang Securities is projected to rank first among A-share listed securities companies in China, while the weighted average return on net assets (excluding non-recurring items) is expected to rank seventh [1] Group 2: Business Segments - The company primarily engages in four types of business: asset management (including asset management, private equity funds, and public funds), investment (fixed income, equity, New Third Board market making, and alternative investments), investment banking (bond underwriting, stock sponsorship, and financial advisory), and wealth management (securities brokerage, consulting, product sales, credit, research, and futures) [1]

Group 1 - Nestlé plans to cut approximately 16,000 jobs over the next two years, which is about 6% of its total workforce, affecting 12,000 white-collar positions and 4,000 manufacturing and supply chain roles [25] - The company reported that its third-quarter sales exceeded expectations, indicating a strategic adjustment in response to future market challenges [25] Group 2 - The Singapore Government Investment Corporation (GIC) has filed a lawsuit against NIO, alleging that the company inflated revenue and profits through a joint venture, leading to investment losses for GIC [3][20] - NIO responded that the lawsuit is not a new event and stems from unfounded allegations made by a short-seller in June 2022, asserting that all accusations have been investigated and found baseless [21] Group 3 - The U.S. stock market saw declines across major indices, with the Dow Jones down 0.65%, the Nasdaq down 0.47%, and the S&P 500 down 0.63%, while technology stocks mostly fell [5] - Gold prices surged, reaching a high of $4,380.79 per ounce, with COMEX gold futures also hitting record levels [5] Group 4 - The Chinese Ministry of Commerce announced plans to strengthen policy reserves and introduce new measures to stabilize foreign trade, highlighting the need for effective policy implementation and support for foreign trade enterprises [6] - The Ministry also responded to U.S. interpretations of China's recent rare earth export controls, asserting that the measures are legitimate and aimed at preventing illegal exports [7] Group 5 - The Chinese semiconductor industry association expressed opposition to Dutch government interference in the operations of a semiconductor company, emphasizing the need for a stable business environment [7] - The Chinese government continues to advocate for high-level opening-up and optimization of the business environment for foreign companies, as demonstrated by a meeting between the Chinese Commerce Minister and Apple's CEO [8]

Group 1 - Eurozone's harmonized CPI for September has been released [2] - US import price index for September has been published [2] - EIA refined oil inventory data for the week of October 10 is set to be released [2] - Huawei Software (Chengdu) Ecosystem Conference will be held on October 17 [2] - Apple will allow pre-orders for iPhone Air in mainland China starting October 17, with official sales beginning on October 22 [2] Group 2 - US stock markets saw a collective decline, with the Dow down 0.65%, Nasdaq down 0.47%, and S&P 500 down 0.63% [3] - Notable declines in popular tech stocks, with Tesla and AMD dropping over 1%, while Nvidia rose over 1% [3] - Gold prices reached a new historical high, surpassing $4300 per ounce, with a 2.85% increase [3] Group 3 - International oil prices fell, with WTI crude down 1.54% to $56.95 per barrel and Brent crude down 1.37% to $61.06 per barrel [4] Group 4 - European stock indices closed higher, with Germany's DAX up 0.38%, France's CAC40 up 1.38%, and the UK's FTSE 100 up 0.12% [5] Group 5 - China's Ministry of Commerce plans to strengthen policy reserves and introduce new foreign trade stabilization policies [6] - The Ministry responded to US interpretations of China's rare earth export controls, asserting that the measures are legitimate and aimed at national security [7] - The Ministry expressed strong opposition to Dutch government interference in semiconductor operations [7] - China's Minister of Commerce met with Apple's CEO to discuss US-China economic relations and Apple's business in China [7] Group 6 - China's Foreign Ministry opposed unilateral sanctions imposed by the UK on Chinese oil companies [8] - The Ministry emphasized that normal cooperation between Chinese and Russian enterprises should not be disrupted [8] Group 7 - China's Ministry of Industry and Information Technology announced plans to establish a millisecond-level computing network by 2027 [9] - The National Healthcare Security Administration is advancing reforms for instant settlement of medical insurance funds by the end of 2025 [9] Group 8 - Over 4100 internet platform companies have reported tax-related information as of October 15 [10] - A rumor regarding the establishment of a polysilicon storage platform was confirmed to be false [10] Group 9 - NIO is facing a lawsuit from Singapore's sovereign wealth fund for alleged securities fraud [21] - The company’s stock price fell over 7% amid the news [21] Group 10 - Nestlé plans to cut approximately 16,000 jobs over the next two years, affecting 6% of its workforce [28] - The layoffs come despite the company exceeding third-quarter sales expectations [28]

Group 1 - The core point of the article is that the company, 首创证券, has submitted an application for the issuance of overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange on October 16, 2025 [1] - The application materials were published on the Hong Kong Stock Exchange's website and are prepared in accordance with the requirements of the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange [1] - The published materials are in draft form and may be updated or revised, indicating that investors should not make investment decisions based solely on this information [1]

Core Viewpoint - The announcement of the transfer of state-owned shares from Shouchuang Group to Beijing Infrastructure Investment Co., Ltd. aims to deepen strategic cooperation and optimize the shareholder structure of Shouchuang Securities, enhancing its business development capabilities [2][5]. Group 1: Share Transfer Details - Shouchuang Group plans to transfer 97.42316 million A-shares, accounting for 3.56% of the total share capital, to Beijing Infrastructure Investment Co., Ltd. [2] - After the transfer, Shouchuang Group's shareholding will decrease from 56.77% to 53.20%, while Beijing Infrastructure Investment's shareholding will increase from 17.31% to 20.87% [2]. Group 2: Background of the Companies - Shouchuang Group, established in 1995, has developed a "3+1" industrial system focusing on ecological protection, urban development, and financial services, with total assets exceeding 420 billion yuan [6]. - Beijing Infrastructure Investment Co., Ltd., founded in 2003, specializes in infrastructure investment and management, particularly in rail transit, with total assets reaching 927.621 billion yuan and net assets of 314.897 billion yuan by the end of 2024 [6]. Group 3: Strategic Implications - The share transfer is part of a broader strategy to optimize financial resources within the Beijing state-owned enterprise system, aligning with the 2025 reform direction of the Beijing State-owned Assets Supervision and Administration Commission [8]. - Shouchuang Securities plans to go public in Hong Kong in 2025, marking its 25th anniversary, which could enhance its capital strength and international competitiveness [9]. Group 4: Financial Performance - In the first half of 2025, Shouchuang Securities reported a revenue of 1.284 billion yuan, a year-on-year increase of 2.33%, and a net profit of 490 million yuan, up 2.8% year-on-year [9]. - The growth figures are modest compared to industry standards, indicating a need for more significant improvements as the company prepares for its Hong Kong listing [9].

Group 1 - Core viewpoint: 首创证券 has submitted its H-share listing application to the Hong Kong Stock Exchange, aiming to enhance its capital strength and competitiveness while integrating international resources [1] - The IPO will be jointly sponsored by several major financial institutions, including CITIC Securities and China Galaxy International [1] - The funds raised will support the company's asset management and investment businesses, strengthen IT and technology investments, and promote digital transformation [1] Group 2 - 首创证券 has established itself as a leading financial service provider with a diverse and stable client base, focusing on differentiated development [2] - According to a report by Frost & Sullivan, from 2022 to 2024, the company ranks fifth in revenue growth and tenth in net profit growth among 42 A-share listed securities companies in China [2] - In 2024, the company is projected to rank first in total asset return and seventh in adjusted weighted net asset return among A-share listed securities firms [2]

据了解，目前A股市场共有42家上市证券公司，其中13家实现了"A+H"上市，分别为中信证券、中金公 司、中国银河、华泰证券、国泰海通、广发证券、东方证券、光大证券、申万宏源、中信建投、中原证 券、国联民生、招商证券。 首创证券立足北京、服务全国，打造了一站式金融服务平台，拥有多元且稳定增长的客户群体。公司近 年来保持良好发展态势，已成长为一家价值创造能力领先，资产管理能力突出，追求特色化、差异化发 展的金融服务商。 根据弗若斯特沙利文报告披露，在国内会计准则下，2022年至2024年，首创证券收入及净利润年复合增 长率，在国内42家A股上市证券公司中分别排名第五及第十。2024年，公司总资产收益率及扣非加权净 资产收益率在A股已上市证券公司中分别排名第一及第七。 （文章来源：中国证券报） 10月16日晚间，首创证券向港交所递交H股发行上市申请。此次港股IPO联席保荐人包括中信证券、中 国银河国际、中信建投国际、中银国际。 招股书显示，公司此次港股上市募集的资金将用于支持公司资产管理类业务、投资类业务等核心业务发 展，加强IT、科技投资，推动公司数智化转型，提升行业竞争力，为公司长远发展提供资金支持。 首创证券 ...

首创证券（601136）(601136.SH)公告，公司已于2025年10月16日向中国香港联交所递交了发行境外上 市股份(H股)并在联交所主板挂牌上市的申请，并于同日在香港联交所网站刊登了本次发行上市的申请 资料。 ...

智通财经APP讯，首创证券(601136.SH)公告，公司已于2025年10月16日向中国香港联交所递交了发行境 外上市股份(H股)并在联交所主板挂牌上市的申请，并于同日在香港联交所网站刊登了本次发行上市的 申请资料。 ...

中文： https://www1.hkexnews.hk/app/sehk/2025/107790/documents/sehk25101601106 _c.pdf 证券代码：601136 证券简称：首创证券 公告编号：2025-044 首创证券股份有限公司 关于向香港联交所递交 H 股发行上市的申请 并刊发申请资料的公告 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。 首创证券股份有限公司（以下简称公司）已于 2025 年 10 月 16 日向香港联 合交易所有限公司（以下简称香港联交所）递交了发行境外上市股份（H 股）并 在香港联交所主板挂牌上市（以下简称本次发行上市）的申请，并于同日在香港 联交所网站刊登了本次发行上市的申请资料。该申请资料为公司按照香港证券及 期货事务监察委员会（以下简称香港证监会）及香港联交所的要求编制和刊发， 为草拟版本，其所载资料可能会适时作出更新及修订，投资者不应根据其中的资 料作出任何投资决定。 鉴于本次发行上市的发行对象仅限于符合相关条件的境外投资者及依据中 国相关法律法规有权进行境外证券投 ...