登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年11月28日晚间，天风证券（维权）发布《关于收到中国证券监督管理委员会立案告知书的公 告》。公告显示：天风证券股份有限公司于近日收到中国证监会下发的《立案告知书》（编号：证监立 案字【0052025018】号）。根据《立案告知书》，因涉嫌信息披露违法违规、违法提供融资，根据《中 华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立案。 上海百悦律师事务所牛彬律师表示，天风证券因涉嫌信披违法违规等行为遭证监会立案，投资者或可索 赔。暂定：凡在天风证券上市后至2025年11月28日之间买入天风证券股票，并在2025年11月28日收盘时 仍持有该股票的亏损投资者，符合索赔条件。（天风证券维权入口） 索赔材料： 一、买卖天风证券（601162）股票的对账单原件 （2）对账单需包含从第一次买入该股票至打印日期间的所有交 ...

Core Viewpoint - The sudden departure of Zhai Chenxi, former executive vice president of Tianfeng Securities, has raised concerns in the financial industry, particularly due to her significant contributions to Xinhua Fund and her reputation in the fixed income sector [2][17]. Group 1: Background and Career - Zhai Chenxi, known as the "Queen of Bonds," began her career at the National Development Bank, where she was part of the pioneering team in asset securitization [6][21]. - After ten years at the National Development Bank, she joined Tianfeng Securities during a critical expansion phase, significantly enhancing the firm's bond issuance capabilities [6][22]. - Zhai's leadership at Tianfeng Securities led to a transformation in the company's fixed income business, increasing bond issuance from 500 million to several billion [6][22]. Group 2: Impact on Xinhua Fund - Under Zhai's leadership, Xinhua Fund's total assets under management surged from approximately 540 billion to a peak of 868 billion by 2022, primarily driven by money market and short-term bond funds [8][23]. - Zhai implemented a strategy that involved building strong relationships, enhancing liquidity products, and securing institutional investments, which contributed to the fund's rapid growth [9][24]. - Despite the growth in assets, Xinhua Fund struggled to develop its equity products, which remained stagnant during her tenure [9][24]. Group 3: Challenges and Departure - The fixed income market faced significant volatility in late 2022, leading to a decline in the sustainability of Xinhua Fund's growth model, which heavily relied on fixed income products [10][25]. - Following a debt crisis involving Tianfeng Securities' major shareholder, Zhai officially stepped down as chairman of Xinhua Fund in early 2023, marking the end of her impactful tenure [10][25]. - Zhai's departure left a void in Xinhua Fund, raising questions about the future direction and growth strategies of the firm in the absence of her leadership [12][29]. Group 4: Post-Departure Developments - By the third quarter of 2025, Xinhua Fund's total assets had declined to approximately 541.94 billion, a drop of over 300 billion from its peak [12][27]. - The fund's equity products remained underperforming, with only 68 billion in assets, indicating a struggle to regain market position [12][27]. - The launch of Xinhua's ETF products faced challenges, with the Xinhua CSI A50 ETF triggering a liquidation warning shortly after its inception, reflecting difficulties in the fund's management transition [13][28].

Group 1 - The core viewpoint is that the market is currently in a state of fluctuation, but there is a strong belief in the investment opportunities within the core sectors of the computing power industry chain [1] - The overseas computing power industry chain remains highly prosperous, with related companies' financial reports continuously reflecting strong demand related to AI [1] - There is a stronger resonance in the fundamentals of the related industry chain, leading to a sustained positive outlook on investment opportunities in the overseas computing power industry chain [1] Group 2 - The medium to long-term recommendation is to continue focusing on investment opportunities in core sectors related to "AI + overseas expansion + satellites" [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 长江商报消息 ●长江商报记者 沈右荣 或涉历时遗留问题，天风证券（601162.SH）被中国证监会立案调查。 11月28日晚，天风证券发布公告，当日，公司收到中国证监会下发的《立案告知书》，因涉嫌信息披露 违法违规、违法提供融资，中国证监会决定对公司立案。 天风证券被证监会立案调查，可能涉及3年前的大股东占资问题。 12月1日，武汉当代科技产业集团股份有限公司（以下简称"当代集团"）在银行间市场披露，公司于11 月28日收到《立案告知书》，因涉嫌信息披露违法违规、违规融资等，被证监会立案。 当代集团是天风证券的前重要股东。一个是违规提供融资，一个是违规融资。据此判断，天风证券被立 案与当代集团或存在关联。 2022年，天风证券曾在回复上交所《监管函》时表示，公司通过自查发现原股东占用上市公司资金问 题，所占资金已经全部归还。 2023年，湖北国资入主天风证券，天风证券随即努力与当代系切割。国资入主后，天风证券逐步走向规 范，基本面得到改善。2025年前三季度，公司盈利1.53亿元，同比扭亏为盈。 或因历史遗留问题被立案 12月1日，当代集团在中国银行间市场交易 ...

Core Insights - The Hubei state-owned enterprise reform sector saw a slight increase of 0.17% on December 5, with LIGONG GUANGKE leading the gains [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Stock Performance Summary - LIGONG GUANGKE (300557) closed at 29.23, with a rise of 4.06% and a trading volume of 37,900 shares, totaling a transaction value of 260 million [1] - HUA GONG TECHNOLOGY (000988) closed at 74.88, increasing by 3.14% with a trading volume of 613,900 shares, amounting to 458.2 million [1] - SANXIA NEW MATERIALS (600293) closed at 3.19, up 2.24% with a trading volume of 271,700 shares, totaling 85.74 million [1] - HUBEI XUANHUA (000422) closed at 14.46, increasing by 2.19% with a trading volume of 127,150 shares, amounting to 389 million [1] - TIANFENG SECURITIES (601162) closed at 4.32, up 1.65% with a trading volume of 2,986,800 shares, totaling 128.3 million [1] Capital Flow Analysis - The Hubei state-owned enterprise reform sector experienced a net inflow of 368 million from institutional investors, while retail investors saw a net outflow of 249 million [2] - Major stocks like HUA GONG TECHNOLOGY had a net inflow of 5.55 billion from institutional investors, while retail investors had a net outflow of 4.08 billion [3] - WUHAN HOLDING (600168) had a net inflow of 788.83 million from institutional investors, with retail investors experiencing a net outflow of 520.34 million [3]

Core Viewpoint - Tianfeng Securities has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations of information disclosure and illegal financing, which has led to a significant impact on its stock price and potential investor claims [1][7]. Financial Performance and Market Impact - For the first three quarters of 2025, Tianfeng Securities reported a revenue of 2.112 billion yuan, representing a year-on-year increase of 57.53%, and a net profit attributable to shareholders of 153 million yuan, marking a turnaround from losses [2][8]. - Following the announcement of the investigation, the company's stock price opened nearly 9% lower on December 1, 2025, closing at 4.46 yuan per share, with a single-day decline of 7.66% [2][8]. Investor Claims - Investors who purchased Tianfeng Securities stock between its listing and November 28, 2025, and still held shares at the close on that date may be eligible for compensation [2][8]. - Required documentation for claims includes original transaction statements, copies of identity documents, and account verification from the brokerage [4][10][11]. - The conditions for claims are subject to change based on the outcomes of the CSRC's investigation and subsequent court rulings [6][12].

Group 1 - On December 1, Wuhan Contemporary Technology Industry Group Co., Ltd. (referred to as "Contemporary Group") announced that it received a notice of investigation from the China Securities Regulatory Commission (CSRC) on November 28 for suspected violations of information disclosure and illegal financing [1] - Tianfeng Securities also received a notice of investigation on the same day for similar violations, indicating a strong correlation between the two cases [1] - Both companies have committed to cooperating with the CSRC's investigation and fulfilling their information disclosure obligations [1] Group 2 - As of December 4, Tianfeng Securities' stock price was 4.25 yuan per share, with a market capitalization of 428 billion yuan, having lost nearly 13 billion yuan in market value over the past three months [2] - The Contemporary Group, once the largest private enterprise in Hubei, has faced severe debt crises and legal challenges since April 2022, leading to its involvement in Tianfeng Securities' issues [3][4] - Tianfeng Securities has been significantly affected by the financial troubles of Contemporary Group, with approximately 1.9 billion yuan in non-operating fund occupation reported [3] Group 3 - The relationship between Tianfeng Securities and Contemporary Group has been characterized by deep financial entanglement, with Tianfeng assisting in financing and holding a substantial amount of Contemporary's bonds [4] - In 2022, the local government intervened to separate the two companies, with Hubei Hongtai Group becoming the controlling shareholder of Tianfeng Securities [4] - Contemporary Group is currently undergoing a bankruptcy reorganization process, with uncertainties regarding its execution [4] Group 4 - Tianfeng Securities is planning to issue up to 960 million USD (approximately 6.9 billion yuan) in overseas bonds to manage its debt, which is subject to shareholder approval [5] - The company has historically relied on bond financing for expansion, raising a total of 107.06 billion yuan since its listing, with over 86.35 billion yuan from bond financing [6] - In 2023, under new state ownership, Tianfeng Securities reported a significant increase in revenue and a turnaround in net profit, although 2024 projections indicate a potential decline [6] Group 5 - Despite improvements, Tianfeng Securities' return on equity remains low at 0.60%, significantly below the industry average of 6.16% [7] - The company's risk coverage and net stable funding ratios are concerning, with the net stable funding ratio falling below the regulatory warning line [7] - Recent capital increases and bond issuances are expected to enhance Tianfeng's risk management capabilities and asset quality [8]

对此，已代理众多股票索赔、获赔的江苏胜衡律师事务所主任宋联民向雷达财经表示，根据证券法及相关规定，上市公司不当行 为给投资者造成损失的，受损投资者可依法索赔。凡是在上市后到2025年11月28日之间买入，并且在2025年11月28日收盘时持有 天风证券股票的受损投资者，可通过公号"雷助吧"（雷助码：99）报名，免费参与索赔。获赔前无任何费用。 雷达财经注意到，10月13日，天风证券发布《2024年度第一期短期融资券兑付完成的公告》。 天风证券于2024年10月15日成功发行天风证券股份有限公司2024年度第一期短期融资券（以下简称"本期短期融资券"），本期短 期融资券发行规模为人民币20亿元，票面利率为2.6%，短期融资券期限为360天，兑付日期为2025年10月10日。 雷达财经雷助吧出品 文|阑珊 编|深海 东财Choice数据显示，12月3日，天风证券当日融资买入1.15亿元，融资偿还2亿元，融资净偿还8486.87万元。 值得关注的是，11月28日，天风证券发布《关于收到中国证券监督管理委员会立案告知书的公告》。 公告显示，天风证券于2025年11月28日收到中国证券监督管理委员会（以下简称"中国证监 ...

Group 1 - Wuhan Contemporary Technology Industry Group Co., Ltd. received a notice from the China Securities Regulatory Commission (CSRC) on November 28, indicating that the company is under investigation for suspected violations of information disclosure and illegal financing [1] - Tianfeng Securities Co., Ltd. also received a similar notice from the CSRC on November 29, citing violations related to information disclosure and illegal financing [3] - Analysts suggest that the investigations may be linked to the "Contemporary System" fund occupation issues disclosed in the 2022 annual report of Tianfeng Securities, where Wuhan Contemporary Technology was involved [6] Group 2 - Wuhan Contemporary Technology Group was established in July 1988, has a registered capital of 5.5 billion yuan, and has been recognized as one of the top private enterprises in Wuhan and Hubei province [6] - The group has faced financial difficulties, with its first bond default occurring in April 2022, leading to multiple defaults and a restructuring application submitted to the Wuhan Intermediate Court in September 2024 [7] - Tianfeng Securities, established in 2000 and listed on the Shanghai Stock Exchange in 2018, is the only provincial financial enterprise in Hubei, with total assets nearing 100 billion yuan as of December 31, 2024 [7]

Group 1 - A-shares opened slightly higher with the Shanghai Composite Index up 0.04%, Shenzhen Component Index up 0.02%, and ChiNext Index up 0.01% [1] - Sectors such as robotics and non-ferrous metals showed strong performance [1] Group 2 - CITIC Securities highlighted strong investment enthusiasm in energy storage, with planned investment projects in Inner Mongolia expected to double compared to this year [2] - The demand for energy storage is expected to continue growing due to high load growth and the ongoing development of renewable energy [2] - Battery materials, including cathodes, anodes, electrolytes, and separators, are anticipated to see sustained price increases, with a positive outlook for battery and integration segments [2] Group 3 - Tianfeng Securities noted strong bottom-line support for the cement industry, with over 85% of clinker lines in northern provinces currently offline due to winter production restrictions [3] - The cement industry is expected to see a significant reduction in production capacity, with a total of 5,250 million tons of new capacity being added and 8,359 million tons of capacity being exited by November [3] - The effects of production capacity governance in the cement sector are expected to become evident by 2026 [3] Group 4 - Huatai Securities projected a steady recovery in domestic demand, driven by ongoing consumption policies and structural growth opportunities in the consumer sector [4] - The report emphasized four key investment themes for 2026: the rise of domestic brands, technology-driven consumption, emotional consumption, and undervalued high-dividend blue-chip leaders [4] - New consumer segments such as trendy toys, beauty and personal care, and ready-to-drink beverages are expected to emerge as strong growth areas [4]