Core Points - Huatai Securities (601688)(06886) announced the issuance of perpetual subordinated bonds (Phase III) aimed at professional investors, with a total issuance amount of 3.5 billion yuan [1] - The bonds, referred to as "22 Huatai Y3," will start paying interest on October 21, 2025, for the period from October 21, 2024, to October 20, 2025 [1] - The coupon rate for this bond issuance is set at 3.20%, with each bond having a face value of 1,000 yuan, resulting in an interest payment of 32.00 yuan (including tax) per bond [1]

Core Points - Huatai Securities has received approval from the China Securities Regulatory Commission to publicly issue subordinated corporate bonds totaling up to RMB 20 billion [1] - The bonds will be issued in two varieties, with maturities of 3 years and 5 years, and will include an inter-species allocation option [1] - The total issuance amount for the bonds will not exceed RMB 5 billion for each variety, with a face value of RMB 100 per bond [1] Summary of Issuance - The issuance of the bonds was completed on October 14, 2025 [2] - The final issuance scale for the first variety was RMB 4.1 billion, with a coupon rate of 2.26% and a subscription multiple of 1.54 times [2] - The final issuance scale for the second variety was RMB 0.9 billion, with a coupon rate of 2.38% and a subscription multiple of 2.03 times [2]

本期债券简称为"22华泰Y3"，发行总额为35亿元，票面利率(计息年利率)为3.20%，每手本期债券面值 为人民币1，000元，派发利息为人民币32.00元(含税)。 智通财经APP讯，华泰证券(06886)公布，华泰证券股份有限公司2022年面向专业投资者公开发行永续次 级债券(第三期)，将于2025年10月21日开始支付自2024年10月21日至2025年10月20日期间的利息。 ...

本期债券发行工作已于2025年10月14日结束。本期债券最终品种一发行规模为41亿元，票面利率为 2.26%，认购倍数为1.54倍；品种二发行规模为9亿元，票面利率为2.38%，认购倍数为2.03倍。 格隆汇10月14日丨华泰证券(06886.HK)公告，根据《华泰证券股份有限公司2025年面向专业投资者公开 发行次级债券(第四期)发行公告》，华泰证券股份有限公司2025年面向专业投资者公开发行次级债券(第 四期)(以下简称"本期债券")分为两个品种，其中品种一期限为3年，品种二期限为5年。本期债券引入品 种间回拨选择权，回拨比例不受限制，公司将根据本期债券发行申购情况，在发行规模内，决定是否行 使品种间回拨选择权，但各品种的最终发行规模总额合计不超过50亿元(含50亿元)。本期债券发行价格 为每张100元，采取面向专业机构投资者公开发行的方式发行。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司2025年面向 專業投資者公開發行次級債券（第四期）發行結果公告》，僅供參閱。 釋義 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日由前身 華泰證券有限責任公司改制而成，在香港以「HTSC」 名義開展業務，根據公司條例第16部以中文獲准名稱 「華泰六八八六股份有限公司」及英文公司名稱「Huatai Securities Co., Ltd.」註冊為註冊非香港公司，其H股於 2015年6月1日在香港聯合交易所有限公司主板上市（股 票代碼：6886），其A股於2010年2月26日在上海證券交 易所上市（股票代碼：601688），其全球存託憑證於2019 年6月在倫敦證券交易所上市（證券代碼：HTSC），除文 義另有所指外，亦包括其前身 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 海外監管公告 本公告乃根據上市規則第13.10B條規則作出。 茲載列本公司在上海證券交易所網站刊登之《華泰證券股份有限公司2022年面向 專業投資者公開發行永續次級債券（第三期）2025年付息公告》，僅供參閱。 釋義 （於中華人民共和國註冊成立之股份有限公司， 中文公司名稱為華泰證券股份有限公司，在香港以HTSC名義開展業務） （股份代號：6886） 债券简称:22 华泰 Y3 华泰证券股份有限公司 2022 年面向专业投资者公开发行 永续次级债券（第三期）2025 年付息公告 本公司全体董事或具有同等职责的人员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 确性和完整性承担相应的法律责任。 重要内容提示: 於本公告，除文義另有所指外，下列詞彙具有以下涵義。 「本公司」 指 於中華人民共和國以華泰證券股份有限公司的公司名 稱註冊成立的股份有限公司，於2007年12月7日 ...

Core Points - Huatai Securities Co., Ltd. has updated the status of its 25 billion yuan private placement bond project to "accepted" [1] - The acceptance date for the bond project is October 14, 2025 [1]

Core Viewpoint - The A-share market is experiencing a collective rise, particularly in the securities sector, with significant inflows into the securities ETF, indicating a positive sentiment towards the sector [1][3]. Group 1: Market Performance - On October 14, the three major A-share indices opened higher, with the securities sector showing notable gains [1]. - The securities ETF (159841) rose by 0.88% with a trading volume exceeding 154 million yuan [1]. - Major components of the securities ETF, such as Guoyuan Securities, Huatai Securities, and Dongfang Securities, saw increases of over 5% [1]. Group 2: Fund Flows and ETF Details - The securities ETF (159841) has recorded a net inflow of approximately 650 million yuan over the past three days [3]. - As of October 13, the securities ETF had a circulating share count of 8.664 billion shares and a total market size of 9.848 billion yuan, making it the largest in its category in the Shenzhen market [3]. - The ETF closely tracks the CSI All Share Securities Company Index, which includes both traditional and fintech securities leaders [3]. Group 3: Dividend Trends and Strategic Opportunities - As of October 13, 28 listed securities firms have announced their semi-annual dividend plans for 2025, with five firms already distributing dividends to investors [3]. - Huatai Securities noted that multiple positive factors, including policies, funding, and performance, suggest a strategic recovery opportunity for the securities sector [3]. - Despite the high market sentiment, the allocation of actively managed equity funds to the securities sector remains low at 0.64%, indicating a potential for growth and recovery in the sector [3].

Group 1 - The securities sector showed strength at the beginning of trading on October 14, with Guoyuan Securities rising nearly 8% [1] - Other securities firms such as GF Securities, Guosen Securities, Huaxin Securities, Huatai Securities, and Dongfang Securities also experienced gains [1]

Market Overview - The market opened lower but rebounded, with the Sci-Tech Innovation 50 Index initially down nearly 3% before closing up over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.35 trillion, a decrease of 160.9 billion compared to the previous trading day [1] - By the end of the trading session, the Shanghai Composite Index fell by 0.19%, the Shenzhen Component Index dropped by 0.93%, and the ChiNext Index declined by 1.11% [1] Sector Performance - Sectors such as rare earth permanent magnets, non-ferrous metals, and semiconductors saw significant gains, while automotive parts and gaming sectors experienced declines [1] Investment Insights - Huatai Securities noted that the market is focusing on industries undergoing capacity clearance, cyclical sectors, and defensive stocks [2] - CITIC Construction emphasized the strategic investment opportunities in rare metals due to strengthened export controls, particularly highlighting the strategic value of antimony and tungsten in the context of geopolitical tensions [3] - The tungsten market is showing signs of recovery, with August exports nearing pre-control levels, while molybdenum demand is increasing, indicating a shift in China's manufacturing landscape [3] - Galaxy Securities pointed out a weak recovery in the food and beverage sector during the National Day and Mid-Autumn Festival, with a focus on third-quarter earnings reports [4] - The firm suggests prioritizing investments in sectors with supply clearance and valuation bottoms, as well as growth stocks in new categories and channels [4]