Market Overview - The A-share market experienced a volatile adjustment on December 15, with major indices showing a "V" shaped trend. The Shanghai Composite Index closed at 3867.92 points, down 0.55%, while the Shenzhen Component Index fell 1.10% to 13112.09 points. The ChiNext Index led the decline, closing at 3137.80 points, down 1.77% [2] - Market trading activity decreased, with total turnover at 1.79 trillion yuan, a drop of 324.6 billion yuan from the previous trading day [2] Sector Performance - The consumer sector showed resilience, with dairy stocks like Huangshi Group and Sunshine Dairy hitting the daily limit shortly after market open. Retail stocks also performed well, with Baida Group achieving three consecutive limit-ups [2] - The liquor sector rebounded, led by Huangtai Liquor, with other brands like Jiu Gui Liquor and Gujing Gongjiu also seeing gains [2] Financial Sector Insights - The insurance sector saw strong performance, with China Ping An rising nearly 5%, reaching its highest level since March 2021, supported by favorable regulatory policies. The brokerage sector also showed resilience, with firms like Huatai Securities and Zhongyin Securities gaining over 2% [3] - The technology sector faced downward pressure, particularly in the CPO and chip segments, with stocks like Shijia Optoelectronics and Changfei Fiber experiencing significant declines [3] Future Market Outlook - Analysts from various brokerages suggest that the market may improve due to key events and data aligning with or exceeding expectations. The year-end asset reallocation and institutional fund inflows are expected to enhance market liquidity and trading activity, indicating a potential cross-year rally [3] - According to CITIC Securities, the underlying logic for an upward trend remains intact, driven by structural market dynamics and capital market reforms. The market has largely completed its adjustment phase, and a new wave of growth is anticipated [3] - Everbright Securities forecasts a favorable cross-year market, supported by ongoing domestic economic policies and historical performance trends during the start of the 13th and 14th Five-Year Plans [4]

最新公告列表 《华泰证券股份有限公司关于间接全资子公司根据中期票据计划进行发行并由全资子公司提供担 保的公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2025年12月15日收盘，华泰证券（601688）报收于22.73元，较前一交易日上涨2.57%，最新总市值 为2051.81亿元。该股当日开盘22.01元，最高23.18元，最低21.97元，成交额达28.8亿元，换手率为 1.73%。 近日，华泰证券股份有限公司发布公告称，其间接全资子公司华泰国际财务有限公司在境外中期票据计 划下发行0.55亿美元中期票据，由公司全资子公司华泰国际提供担保。本次担保金额折合人民币3.89亿 元，实际担保余额为13.35亿美元。公告显示，被担保人系特殊目的公司，未开展其他业务活动。上述 担保事项已经相关董事会及股东大会审议通过。截至公告日，公司及控股子公司对外担保总额为人民币 434.36亿元，占最近一期经审计净资产的22.66%，无逾期担保。 ...

Market Overview - The A-share market experienced a collective pullback, with the ChiNext Index leading the decline at 1.77%. The total trading volume in the Shanghai and Shenzhen markets was 1.77 trillion yuan, a decrease of 318.8 billion yuan from the previous trading day [1][22]. - Despite the overall market decline, sectors such as commercial aerospace and satellite internet remained strong, with the Aerospace Electronics stock hitting a historical high and the National Defense and Military Industry ETF (512810) rising by 1.54%, reaching a two-month high [1][6]. Sector Performance - The National Defense and Military Industry ETF (512810) saw significant inflows, with a net inflow of 6.181 billion yuan, the highest among 31 first-tier industries, and a total of 19.778 billion yuan over the past five days [28][29]. - The Food ETF (515710) also showed resilience, with a peak increase of 1.36% during the day and a total inflow of 65.61 million yuan over the past five days, driven by a recovery in liquor prices, particularly for Moutai [1][33]. - The brokerage sector is expected to distribute nearly 9 billion yuan in dividends, with 80% of listed brokerages planning at least two dividend distributions this year [1][22]. Investment Strategies - Analysts suggest focusing on three key areas for investment: growth sectors benefiting from industrial policy support (e.g., domestic production, robotics, aerospace), cyclical sectors benefiting from "anti-involution" policies (e.g., chemicals, energy metals), and consumer sectors that may see a boost from deepened consumption policies [25]. - The National Defense and Military Industry sector is rated as "overweight" by institutions, with a focus on core assets in commercial aerospace, low-altitude economy, and military AI [30][32]. Future Outlook - The market sentiment is supported by recent meetings of the Federal Reserve and domestic policy-making bodies, which align with market expectations. Historical data suggests that the A-share market tends to perform well in the first year of the 13th and 14th Five-Year Plans, indicating potential for a strong cross-year market [24][25]. - The banking sector is also positioned for recovery, with all 42 listed banks currently trading below their net asset value, suggesting a potential for valuation recovery [19].

2025年12月15日，中国电信披露接待调研公告，公司于12月4日接待中金公司、华泰证券、摩根士丹 利、中银国际、农银国际等9家机构调研。 公告显示，中国电信参与本次接待的人员共8人，为投资者关系部总经理王立宾，市场部副总经理沈骏 祥，财务部副总经理吴晶，云网发展部副总经理毛东峰，科技创新部副总经理史凡，资本运营部副总经 理唐旭，天翼云科技有限公司副总经理朱丽，中电信人工智能科技(北京)有限公司副总经理、总法律顾 问张雪红。调研接待地点为广州。 据了解，中国电信将推动"云改数转"向"云改数转智惠"战略升级，重点从四方面挖掘战新业务价值：全 面拥抱下一代人工智能，将其置于战略核心，推动自身流程重塑及对外赋能；聚焦网络、云及云网融合 等四大根技术与七大战新领域，加大投入形成标志性成果，提升关键技术自主可控能力；基础业务稳健 与战新业务突破并举，打造云网融合新型基础设施；推动产业数字化业务价值提升，促进AI与行业场 景融合及解决方案升级。同时，公司已全面启动"十五五"规划编制，将重点发力战略升级、未来产业布 局、科技创新能力强化、国际业务拓展、资本开支向战新领域倾斜等方向，坚定"科技型、服务型、安 全型"定位。 在 ...

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。 （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） 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關於間接全 資子公司根據中期票據計劃進行發行並由全資子公司提供擔保的公告》，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 ...

证券代码：601688 证券简称：华泰证券 公告编号：临 2025-078 | | 被担保人名称 | | | 华泰国际财务有限公司 | | --- | --- | --- | --- | --- | | | 本次担保金额 | | | 亿美元 0.55 | | 担保对象 | 实际为其提供的担保余额 | | | 13.35 亿美元 | | | 是否在前期预计额度内 | 是 | □否 | □不适用 | | | 本次担保是否有反担保 | □是 | 否 | □不适用 | 累计担保情况 | 对外担保逾期的累计金额（人民币亿元） | | - | | --- | --- | --- | | 截至本公告日上市公司及其控股子公司对外担保总额（人民币亿 | | 434.36 | | 元） | | | | 对外担保总额占上市公司最近一期经审计净资产的比例（%） | | 22.66 | | 特别风险提示 | □对外担保总额超过最近一期经审计净资产 100% | | | □担保金额超过上市公司最近一期经审计净资产 | 50% | | | □对合并报表外单位担保金额达到或超过最近一期经审计净资 | | | | 产 | 30%的情况下 ...

Market Overview - The Shanghai Composite Index fell by 0.55% on December 15, with 13 industries rising, led by non-bank financials and retail, which increased by 1.59% and 1.49% respectively [1] - The electronic and communication sectors experienced the largest declines, with drops of 2.42% and 1.89% respectively [1] - Overall, there was a net outflow of 47.184 billion yuan in the main funds across the two markets, with 8 industries seeing net inflows [1] Industry Performance - The non-bank financial sector saw a rise of 1.59%, despite a net outflow of 38.975 million yuan in main funds [2] - Within the non-bank financial sector, 39 out of 82 stocks rose, while 38 fell [2] - The top net inflow stocks in this sector included China Ping An with 453 million yuan, followed by Bank of China Securities and GF Securities with inflows of 252 million yuan and 96.6 million yuan respectively [2] Fund Flow Analysis - The defense and military industry had the highest net inflow, totaling 2.287 billion yuan, with a daily increase of 0.83% [1] - The food and beverage sector also saw a net inflow of 1.124 billion yuan, with a daily increase of 0.67% [1] - The electronic industry faced the largest net outflow, amounting to 16.331 billion yuan, followed by the power equipment sector with a net outflow of 5.919 billion yuan [1] Notable Stocks in Non-Bank Financial Sector - Key stocks with significant net outflows included Dongfang Wealth (-0.74%, -185.43 million yuan), Guotai Junan (-1.08%, -129.29 million yuan), and Huatai Securities (2.57%, -76.29 million yuan) [2][3] - Other notable stocks with net inflows included China Ping An (4.96%, 4526.198 million yuan) and Zhongyin Securities (2.17%, 2520.617 million yuan) [4]

证券之星消息，12月15日证券板块较上一交易日上涨0.37%，华泰证券领涨。当日上证指数报收于 3867.92，下跌0.55%。深证成指报收于13112.09，下跌1.1%。证券板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601688 | 华泰证券 | 22.73 | 2.57% | 126.63万 | 28.80亿 | | 601696 | 中银证券 | 14.60 | 2.17% | 141.81万 | 20.74亿 | | 600958 | 东方证券 | 10.81 | 2.08% | 97.34万 | 10.52亿 | | 000776 | 广发证券 | 21.34 | 1.86% | 64.35万 | 13.76亿 | | 601377 | 兴业证券 | 7.26 | 1.26% | 278.10万 | 20.20亿 | | 601211 | 週夢遊間 | 20.55 | 1.08% | 124.91万 | 25.78亿 | | 666009 | 招商证券 | ...

在现任董事长"超长加班"一年之后，华泰证券即将迎来新的一把手。 信托百佬汇记者获悉，华泰证券迎来了新的党委书记王会清，经过相应程序后，或将接替张伟出任华泰证券董事长。不久前的11月26日，中共江苏省委组 织部公示，江苏高科技投资集团有限公司（简称"江苏高投"）党委书记、董事长王会清，拟任省委管理领导班子企业正职。目前，华泰证券对此消息暂未 有正面回应。 据悉，王会清曾在江苏信托任职，历任审计部、财务部副总经理、总经理等。 时间倒回到2019年，55岁的张伟作为省管干部，出任华泰证券的党委书记一职，并于11月正式获得任职资格，出任华泰证券董事长。在此之前，他已经在 江苏高投工作了14年，2005年起担任总裁，2015年起任董事长，熟悉股权投资、私募融资及重组并购业务。 简历显示，张伟于1986年毕业于南京大学，后历任江苏省电子工业综合研究所助理工程师、江苏省电子工业厅秘书、主任科员、副处长、江苏宏图电子信 息集团处长。1997年作为主要成员之一，参与了江苏宏图高科技股份有限公司的创建工作，先后担任公司董事会秘书、副总裁、总裁等职。 按照时间计算，张伟本该在2024年11月年满退休。但由于华泰证券本届董事会任期至 ...

Core Viewpoint - The A-share market showed a collective strength on December 15, with significant performance from the financial sector, particularly insurance and brokerage stocks, indicating a potential investment opportunity in this area [1]. Financial Sector Performance - The brokerage ETF fund (515010) rose by 1.09%, with notable increases in its constituent stocks such as Huatai Securities (up 3.70%), Dongfang Securities, GF Securities, and Bank of China Securities [1]. - The financial technology ETF (Hua Xia, 516100) increased by 0.15%, with Star Ring Technology surging over 19% [1]. Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the brokerage ETF is 17.13, which is in the 5.26% percentile over the past year, indicating that the valuation is lower than 94.74% of the time in the last year, suggesting historical low valuations [1]. ETF Composition and Management Fees - The top ten weighted stocks in the brokerage ETF, as of November 28, 2025, include Dongfang Wealth, CITIC Securities, Guotai Junan, Huatai Securities, GF Securities, and others, collectively accounting for 60.23% of the index [1]. - The management and custody fee rate for the brokerage ETF (515010) is 0.2%, making it one of the lowest fee investment options in the market, which may attract investors looking for cost-effective exposure to the brokerage sector [1].