天风证券（601162）在上证e互动平台表示，公司全资子公司天风国际证券与期货有限公司获得香港证 监会批准，能够"透过综合帐户安排提供虚拟资产交易服务"。此项服务为香港证监会SFC虚拟资产相关 牌照中的第三类，意味着天风国际可以为客户提供一定范围的虚拟货币和稳定币交易服务。 ...

Group 1 - Tianfeng Securities' subsidiary Tianfeng International Securities has upgraded its trading license to provide virtual asset trading services, following the Hong Kong government's announcement of a licensing framework for digital asset services [1] - The A-share market has seen a surge in IPO applications, with over 100 companies applying in the first half of the year, and June alone witnessing a fourfold increase in new applications compared to May [1] - The total market capitalization of A-shares has reached a historic high of 105 trillion yuan, driven by increased trading activity and contributions from major financial sectors [1][4] Group 2 - The banking sector has shown a cumulative increase of over 40% since September 24, contributing significantly to the overall market capitalization growth [4][5] - Public fund assets have reached a new high of 33.74 trillion yuan, with significant inflows into money and bond funds, indicating a robust investment environment [7] - Foreign institutions have expressed optimism about the Chinese stock market, with several raising their growth forecasts for China's economy and predicting a potential breakthrough for the Shanghai Composite Index [7][8] Group 3 - Insurance funds are increasingly shifting towards the Hong Kong market, with 63% of surveyed institutions planning to increase their investments in Hong Kong stocks, primarily through the Stock Connect program [8][9] - The trend of insurance companies acquiring stakes in banks and Hong Kong stocks has continued, reflecting a strategic shift in asset allocation [8][9] - Large private equity firms are also increasing their investments in Hong Kong, indicating a growing confidence in the valuation of Chinese companies listed there [9][10]

A股天风证券成交额达100亿，现涨9.81%。 ...

天风证券（601162）成交额达100亿元，现涨10.02%。 ...

Core Viewpoint - The surge in brokerage stocks is driven by regulatory approvals for virtual asset trading licenses in Hong Kong, indicating a positive outlook for the sector [1][2] Group 1: Market Performance - Brokerage stocks experienced significant gains, with Tianfeng Securities hitting the daily limit, and other firms like Huaxi Securities and Guohai Securities also rising [1] - The securities company index showed a strong performance, with an intraday increase of over 3% [1] - The Securities ETF index fund (516200) also performed well, with a near 5-day increase of 9.86% [1] Group 2: Regulatory Developments - As of June 26, 41 institutions have upgraded their licenses to provide virtual asset trading services, primarily consisting of brokerages [1] - 37 institutions received approval for a new license to offer virtual asset investment consulting, while 40 asset management firms were approved for managing virtual assets [1] - Hong Kong has 11 virtual asset trading platforms that have received formal approval from the Securities and Futures Commission to operate legally [1] Group 3: Analyst Recommendations - Guoxin Securities recommends focusing on three types of brokerages: those with high capital efficiency and comprehensive business lines, those that have successfully integrated through mergers, and internet brokerages with strong online capabilities [2] - Donghai Securities notes that the sustainability of the brokerage sector's performance depends on the pace of policy benefits and market activity [2] - The approval of the first comprehensive virtual asset service license for a Chinese brokerage aligns with the stablecoin theme, suggesting a potential boost for the A-share brokerage sector [2]

【导读】券商股盘中拉升，天风证券涨停 中国基金报记者 李智 一起来看下最新的市场情况及资讯。 6月27日早盘，A股三大指数走强，创业板指涨逾1% 。 截至发稿，沪指涨0.25%，深成指涨0.95%，创业板指涨 超 1.2%。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3457.09 | 10441.74 | 1448.70 | | +8.64 +0.25% | +98.26 +0.95% | +24.14 +1.69% | | 科创50 | 创业板指 | 万得全A | | 996.25 | 2141.28 | 5306.78 | | +6.27 +0.63% | +26.86 +1.27% | +39.07 +0.74% | | | | | 创业板指(399006) | | | | --- | --- | --- | --- | --- | --- | | | | | 06-27 10:16:09 | | | | 2140.93 | | 昨收 | 2114.43 | 成交额 | 1876.99亿 | | 26.50 | 1.25% | 今开 | 2125.85 ...

Group 1 - The brokerage sector experienced a strong performance on the 27th, with Tianfeng Securities hitting the daily limit, Huaxi Securities rising over 8%, and other firms like Guosheng Jinkong and Xiangcai Shares increasing by more than 5% [1] - The People's Bank of China and the China Securities Regulatory Commission, along with other departments, issued guidelines to support and expand consumption, which is expected to enhance the business environment for securities firms [1] - Guotai Junan International, a subsidiary of Guotai Haitong, received approval from the Hong Kong Securities and Futures Commission to upgrade its license, allowing it to provide virtual asset trading services, marking a significant breakthrough for mainland brokerages [1] Group 2 - Citic Securities noted that the guidelines for financial support of consumption are likely to improve the business climate for investment banking within securities firms [2] - The approval for virtual asset trading services is seen as a major breakthrough for mainland brokerages' operations in Hong Kong, potentially accelerating the application for related licenses [2] - Current PB valuations for the securities sector indicate that the brokerage sector has strong upside potential, with the Citic Securities III index at 1.37 times and the Wind Chinese brokerage index at 0.69 times, both reflecting moderate levels [2]

Group 1 - The core viewpoint is that the securities sector is experiencing a strong rally, driven by policy support and active market participation, with specific stocks like Tianfeng Securities and Huaxi Securities showing significant gains [1][4] - The CSI All Share Securities Company Index has risen by 2.87% as of June 27, 2025, with notable increases in individual stocks such as Tianfeng Securities (up 10.02%) and Huaxi Securities (up 7.91%) [1] - The Securities ETF leader has seen a 7.11% increase over the past week, with a trading volume of 84.21 million yuan and a turnover rate of 3.6% [1] Group 2 - East China Securities emphasizes that the sustainability of the brokerage sector's rally depends on the pace of policy benefits and market activity levels, with a focus on the actual impact of capital market reform policies [4] - The approval of the first virtual asset trading license indicates regulatory support, which may catalyze further developments in the sector [4] - The ongoing M&A theme among A-share brokerages is gaining momentum, with the effectiveness of integration likely to influence future trends [5] Group 3 - Long-term prospects for the capital market are bolstered by supportive monetary and fiscal policies, promoting high-quality economic development and enhancing the structure of investor participation [5] - The Securities ETF leader (560090) is highlighted as an efficient investment tool for gaining exposure to the securities sector, tracking the CSI All Share Securities Company Index [5]

Core Viewpoint - The article discusses the recent performance of the A-share market, highlighting the upward trend of major indices and the active participation of financial sectors, particularly in virtual asset trading services, which are expected to drive growth and innovation in the industry [1][3][5]. Market Performance - As of the morning of the 27th, all three major A-share indices have risen, with the ChiNext Index increasing by over 1% and the Shenzhen Component Index by nearly 1% [1]. - More than 4,200 stocks have seen an increase in value [2]. Financial Sector Activity - The financial sector has become active again, with Tianfeng Securities hitting the daily limit, following multiple consecutive gains by other firms such as Hongye Futures and Aijian Group [3]. - Notable stock performances include Tianfeng Securities at 5.16, up 10.02%, and Huaxi Securities at 9.60, up 8.47% [4]. Virtual Asset Trading - The article mentions that Guotai Junan International has obtained the first full license for virtual assets among Chinese brokers in Hong Kong, with several other firms also pursuing similar licenses [4]. - Western Securities expresses optimism about the growth potential of Chinese brokers in virtual asset trading, which could enhance their competitive advantage and lead to new revenue streams [5]. Economic Outlook - Several brokerage firms project a positive outlook for the A-share market in the second half of 2025, anticipating a potential upward trend [9]. - Analysts from Galaxy Securities note that while external uncertainties and domestic demand issues persist, the Chinese economy is expected to show resilience due to ongoing policy support [12]. Investment Directions - Institutions are focusing on three main investment directions for the second half of the year: dividend assets, technology innovation themes, and the consumer sector [19]. - Dividend assets, particularly in financial sectors like insurance and banking, are highlighted for their defensive attributes and stable returns [21][22]. - The technology innovation theme emphasizes AI-related sectors, including AI computing and applications, which are expected to drive significant market interest [25][26]. - The consumer sector, particularly domestic brands in beauty and pet industries, is also seen as a promising investment area [28][30].

ATACT PACITY AND AND A PRODUCT OF COLLECT CANCE OF CONSULTION OF CONTRACT OF 据了解，过去一年，湖北省上市促进会深入贯彻执行第五届理事会的各项决策，秉承服务宗旨，为会员单位搭建沟通交流平台，积极开展各类专题培训、走 访调研、座谈沙龙、论坛讲座、投融资路演活动等工作，在组织建设、服务会员等方面取得了突出成绩，在推动企业上市、提升上市公司质量、促进资本市 场健康发展方面发挥了积极作用。特别是聚焦会员需求，打造一系列服务品牌，如"资本市场领军人才计划""董秘专委会""走进沪深北港资本市场""走进上 市公司""企业服务一对一"等。 会上，湖北省上市促进会秘书长王长海作《2024年工作报告及2025年工作计划》，在认真回顾和总结工作的基础上，为进一步做好今后工作指明方向；湖北 省上市促进会监事长单位北京兴华会计师事务所（特殊普通合伙）湖北分所负责人施薇作《2024年财务收支报告》，报告明晰列出2024年财务收支情况、财 务管理情况，确保湖北省上市促进会财务管理工作的规范与透明。 大会选举了天风证券股份有限公司党委书记、董事长庞介民为新一任湖北省 ...