Market Overview - The FTSE China A50 Index showed a predominantly declining trend with more stocks falling than rising, particularly in the banking, oil, and coal sectors [1][6]. Banking Sector - Everbright Bank had a market capitalization of 241.07 billion with a trading volume of 716 million, closing at 4.08, down by 1.21% [3]. - Major banks like China Ping An, China Pacific Insurance, and China Life Insurance had market capitalizations of 374.58 billion, 360.67 billion, and 1,057.65 billion respectively, with trading volumes of 1.962 billion, 789 million, and 2.959 billion [3]. Oil Sector - China Petroleum and China Sinopec had market capitalizations of 1,586.79 billion and 722.62 billion respectively, with trading volumes of 1.598 billion and 996 million, both showing slight declines [3]. Coal Sector - China Shenhua and Shaanxi Coal had market capitalizations of 763.55 billion and 201.27 billion respectively, with trading volumes of 1.049 billion and 905 million, both experiencing declines [3]. Semiconductor Sector - Northern Huachuang, Cambrian, and Haiguang Information had market capitalizations of 246.76 billion, 281.68 billion, and 328.87 billion respectively, with trading volumes of 5 billion, 2.105 billion, and 8.133 billion, showing positive trends for Cambrian and Haiguang [3]. Alcohol Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,827.77 billion, 226.40 billion, and 479.53 billion respectively, with trading volumes of 6.140 billion, 1.609 billion, and 2.285 billion, all showing declines [3]. Electric Power Sector - Changjiang Electric Power had a market capitalization of 191.69 billion with a trading volume of 2.910 billion, showing a slight increase [4]. Securities Sector - CITIC Securities, Ningde Times, and Guotai Junan had market capitalizations of 440.17 billion, 361.23 billion, and 1,289.37 billion respectively, with trading volumes of 3.625 billion, 2.769 billion, and 3.803 billion, with CITIC Securities showing a decline [4]. Consumer Electronics - Industrial Fulian, Luxshare Precision, and Dongfang Fortune had market capitalizations of 569.17 billion, 277.97 billion, and 379.14 billion respectively, with trading volumes of 11.391 billion, 3.082 billion, and 3.138 billion, with mixed performance [4]. Chemical and Pharmaceutical Sector - Heng Rui Pharmaceutical, Muyuan Foods, and SF Holding had market capitalizations of 265.38 billion, 242.76 billion, and 374.34 billion respectively, with trading volumes of 2.874 billion, 1.963 billion, and 1.074 billion, showing varied performance [4].

富时中国A50指数连续 十几码代 长江电力 中国恢电 (发表) 1935.45亿市值 2526,38亿市值 7063.97亿市值 8.73亿成交额 31.31亿成交额 8.87亿成交额 28.87 16.31 9.41 +0.20(+1.24%) -0.31(-1.06%) -0.01(-0.11%) 证券 电池 中信证券 宁德时代 国泰海通 CATL 4453.57亿市值 3571.78亿市值 13074.73亿市值 35.22亿成交额 18.45亿成交额 34.85亿成交额 20.26 30.05 286.77 +0.27(+0.91%) +0.26(+1.30%) -0.25(-0.09%) 消费电子 互联网服务 工业富联 立讯精密 东方财富 Fil 5455.40亿市值 2719.51亿市值 3810.35亿市值 30.07亿成交额 22.61亿成交额 90.97亿成交额 37.50 27.47 24.11 +0.89(+3.35%) -0.46(-1.21%) +0.40(+1.69%) 家电行业 食品饮料 海天味业 格力电器 kk 海尔智家 2672.99亿市值 2310.30亿市值 2577.4 ...

金融界7月23日消息，A股三大指数收盘涨跌不一，上证中央企业50指数 (上证央企，000042)上涨 0.07%，报1815.1点，成交额992.2亿元。 数据统计显示，上证中央企业50指数近一个月上涨3.50%，近三个月上涨6.40%，年至今上涨1.94%。 从上证中央企业50指数持仓样本的行业来看，金融占比41.36%、工业占比22.84%、公用事业占比 10.80%、能源占比7.63%、通信服务占比6.40%、信息技术占比5.04%、原材料占比3.48%、可选消费占 比1.27%、房地产占比1.17%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。除非老样本因上市公司实际控制人变更导致的调整比例超过10%，原则上每次调整比例不超过 10%。定期调整设置缓冲区，排名在40名之前的新样本优先进入；排名在60名之前的老样本优先保留。 权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期调整日 前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔 除。样本公司发生收购、合并、分拆等情形的 ...

富时中国A50指数连续 金十图示：2025年07月23日（周三）富时中国A50指数成分股今日收盘行情一览：石油、煤炭板块回吐涨幅，银行、保险板块多 数收涨 +0.05(+0.89%) +0.03(+0.36%) 0.00(0.00%) 光大银行 2505.23亿市值 7.54亿成交额 4.24 0.00(0.00%) 得經 中国平安 中国太保 中国人保 明 3719.24亿市值 3573.96亿市值 10561.94亿市值 11.79亿成交额 22.33亿成交额 50.21亿成交额 37.15 58.00 8.41 +0.96(+2.65%) +1.30(+2.29%) +0.03(+0.36%) 酿酒行业 贵州茅台 山西汾酒 五粮液 2314.39亿市值 18535.20亿市值 4859.77亿市值 66.76亿成交额 28.88亿成交额 22.23亿成交额 1475.50 125.20 189.71 +10.52(+0.72%) -1.07(-0.56%) -0.33(-0.26%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2392.12亿市值 2491.53亿市值 3141.81亿市值 39 ...

Core Points - The board of directors of China Shanghai High-Speed Railway Co., Ltd. held its seventh meeting of the fifth session on July 21, 2025, with all 11 directors present, ensuring compliance with legal and regulatory requirements [1][2] Group 1 - The board approved the proposal to sign a Financial Services Agreement with China Railway Finance Co., Ltd., which was unanimously passed by the independent directors and the audit committee [1][2] - The board also approved a risk disposal plan for funds deposited with China Railway Finance Co., Ltd., which was similarly passed unanimously by the independent directors and the audit committee [1][2] - The board approved the proposal to establish a management method for the selection of accounting firms, which received unanimous approval from the audit committee and will be submitted to the shareholders' meeting for review [2]

Core Viewpoint - The company has signed a financial service agreement with China Railway Finance Co., Ltd. to manage its existing funds and reduce financing costs for its subsidiary, enhancing financial efficiency and risk control [1][2][6]. Summary by Sections 1. Overview of Related Transactions - The financial service agreement aims to improve the company's fund utilization efficiency, broaden financing channels, and lower financing costs while ensuring risk control and meeting funding needs [2][6]. - The agreement is valid for three years, with a maximum daily deposit balance of RMB 3 billion and a maximum daily loan and discount balance of RMB 3 billion [2][6]. 2. Related Party Introduction and Relationship - The company and the financial company are under the same actual controller, China National Railway Group Co., Ltd., establishing a related party relationship [2][3]. 3. Basic Information of the Financial Company - The financial company, established on July 24, 2015, has a registered capital of RMB 10 billion and total assets of RMB 124.41 billion as of December 31, 2024 [3][4]. 4. Main Content of the Financial Service Agreement - The services include deposit, settlement, loan, and other financial services approved by the National Financial Supervision Administration [4][5]. - The financial company will provide services under conditions not less favorable than those offered to other members of the China Railway Group [5][6]. 5. Purpose and Impact of the Related Transactions - The financial services provided by the financial company will enhance the company's fund returns and address funding gaps for its subsidiary, ensuring no adverse effects on other shareholders or the company's independence [6][7]. 6. Review Procedures for the Related Transactions - The agreement was approved unanimously by the company's board and audit committee, with related directors abstaining from voting [6][7].

Core Viewpoint - The risk assessment report of China Railway Finance Co., Ltd. indicates that the company operates within legal frameworks and maintains a sound financial condition, with no significant risks identified in its operations or management practices [14][15][16]. Group 1: Company Overview - China Railway Finance Co., Ltd. was established on July 24, 2015, with a registered capital of 10 billion RMB, and is a non-banking financial institution under the China National Railway Group [1][2]. - The company is authorized to conduct various financial services, including deposit acceptance, loan processing, and financial consulting for its member units [2]. Group 2: Internal Control and Governance - The company has a robust governance structure, including a board of directors, supervisory board, and senior management, with clear responsibilities for risk management [3][4]. - The risk management committee and audit committee are responsible for overseeing risk management policies and internal controls [4][5]. Group 3: Risk Management Practices - The company has established comprehensive policies and procedures for risk identification and assessment, ensuring clear division of responsibilities among departments [7][8]. - Specific management measures are in place for settlement and deposit management to mitigate operational risks [8][9]. Group 4: Financial Performance - As of December 31, 2024, the company reported total assets of 124.408 billion RMB, net assets of 14.855 billion RMB, and a net profit of 6.18 billion RMB for the year [14]. - The company adheres to regulatory financial indicators, including a capital adequacy ratio of 29.80% and a liquidity ratio of 75.64%, both meeting regulatory requirements [15]. Group 5: Risk Assessment Conclusion - The assessment concludes that the company operates legally and effectively, with no significant deficiencies in its risk management framework since its establishment [14][16]. - There have been no incidents of severe violations or operational disruptions that could impact the company's normal operations [15][16].

Core Points - The document outlines the management measures for the selection of accounting firms by the company, aiming to standardize the process and enhance audit quality while protecting the rights of shareholders and stakeholders [1][2][3] Group 1: General Principles - The selection of accounting firms must comply with relevant laws and regulations, including the Company Law and Accounting Law of the People's Republic of China [1] - The company must not engage an accounting firm for audit services before obtaining approval from the board of directors and the shareholders' meeting [1][2] - The controlling shareholders and actual controllers are prohibited from interfering with the independent review responsibilities of the audit committee [1][2] Group 2: Qualifications of Accounting Firms - Selected accounting firms must possess independent legal status, a fixed workplace, and a sound organizational structure [2] - Firms must have the necessary qualifications to conduct securities and futures-related business as per regulatory requirements [2] - The firms should have a good record of audit quality and the capability to manage audit risks [2][3] Group 3: Selection Procedures - The audit committee is responsible for overseeing the selection of accounting firms and must establish policies and procedures for the selection process [3][4] - The selection process should be conducted through open bidding or competitive negotiation to ensure fairness [4][5] - The evaluation criteria for selecting accounting firms must include audit fees, qualifications, and quality management levels, with quality management weighted at no less than 40% [6][7] Group 4: Contractual and Reporting Obligations - Contracts with selected accounting firms must clearly define audit quality responsibilities and include provisions for quality assessment [12][13] - The company must disclose information regarding the accounting firms, including service duration and audit fees, in its annual report [9][10] - If the audit fees decrease by 20% or more compared to the previous year, the company must explain the reasons in its disclosure documents [8][12] Group 5: Special Provisions for Reappointment - The audit committee must evaluate the performance of the accounting firm before reappointment, and if the evaluation is negative, the firm must be notified 30 days in advance [8][11] - The maximum continuous appointment period for the same accounting firm is generally limited to 8 years, extendable to a maximum of 10 years under specific conditions [8][12] Group 6: Supervision and Penalties - The audit committee is tasked with supervising the selection and performance of accounting firms, with results included in the annual audit evaluation [25][26] - Serious violations by accounting firms can lead to penalties, including criticism or economic sanctions [27][28] - The company must take responsibility for any significant issues discovered during audits and may pursue compensation or contract termination if necessary [29][30]

Core Viewpoint - The company has established a risk disposal plan to manage and mitigate the risks associated with funds deposited with China Railway Finance Co., Ltd, ensuring the safety, liquidity, and profitability of these funds [1][2]. Group 1: Risk Disposal Organization and Responsibilities - A risk disposal leadership group has been formed, led by the company's chairman, with the general manager and chief accountant as deputy leaders, responsible for organizing risk prevention and disposal efforts [1]. - The leadership group is tasked with initiating the risk disposal plan immediately upon any risk occurrence at the finance company, following established procedures [1][2]. - A dynamic communication and monitoring mechanism will be established between the company and the finance company to ensure timely reporting and risk management [1]. Group 2: Principles of Risk Disposal - The disposal of fund risks will follow principles of unified leadership and coordinated cooperation among relevant departments [2]. - Enhanced monitoring of risks is essential, with the finance company required to provide timely information regarding its operational status [2]. - Early detection and reporting of risks are crucial, with immediate actions to control and mitigate risks to prevent escalation [2]. Group 3: Risk Disposal Procedures and Measures - The leadership group will activate the risk disposal plan if certain conditions arise, such as the finance company's asset-liability ratio not meeting regulatory standards or significant operational issues [3]. - Upon risk occurrence, the leadership group will promptly report to the board and gather detailed information from the finance company to analyze the situation [3][4]. - Measures to mitigate risks may include liquidating excess assets, halting new loans, and seeking assistance from higher authorities if necessary [4]. Group 4: Follow-up Actions - After resolving the deposit risk, the leadership group will enhance supervision of the finance company to improve its financial strength and risk resilience [4]. - A thorough analysis of the causes and consequences of any sudden deposit risks will be conducted to learn from the experience and improve future risk management [4].

京沪高速铁路股份有限公司在 中国铁路财务有限责任公司存放资金 风险处置预案 第二章 风险处置组织机构及职责 第二条 公司成立存放资金风险处置领导小组（以下简称领 导小组），公司董事长担任组长，为风险处置第一责任人，公司 总经理、总会计师担任副组长，成员包括计划财务部、董事会办 公室、法律审计部负责人。领导小组负责组织开展存放资金风险 的防范和处置工作。领导小组下设办公室，办公室设在计划财务 部，具体负责日常的监督与管理工作。 第三条 领导小组作为风险处置机构，一旦财务公司发生风 险，应当立即启动风险处置预案，并按照规定程序开展工作。 第四条 公司及控股的子公司与财务公司之间应建立动态沟 第一章 总则 第一条 为进一步规范京沪高速铁路股份有限公司（以下简 称公司）与中国国家铁路集团有限公司控制的中国铁路财务有限 责任公司（以下简称财务公司）的关联交易，有效防范、控制和 化解公司及控股的子公司在财务公司的存放资金风险，切实保障 资金的安全性、流动性和盈利性，特制定本预案。 —1— 通监控机制，领导小组办公室和财务公司指派专门人员共同负责 日常风险指标监控和动态沟通工作，并及时向领导小组反映情 况，以便领导小组按本 ...