Core Insights - The latest holdings of the "national team" in A-share listed companies have been revealed, with 233 companies having the "national team" as one of their top ten shareholders [1][2] - In the third quarter, the "national team" held over 10 billion yuan in market value in 30 stocks, including major banks and insurance companies [1] Group 1: Major Holdings - The top three holdings by market value are: - China Construction Bank: 13,288.15 billion yuan - Agricultural Bank of China: 11,429.52 billion yuan - Bank of China: 11,138.27 billion yuan [1] - Other significant holdings include: - Industrial and Commercial Bank of China: 9,914.42 billion yuan - New China Life Insurance: 751.22 billion yuan - Ping An Insurance: 734.02 billion yuan [1][2] Group 2: New Additions - Farah Electronics is a new addition to the "national team" holdings, with a market value of 1.58 billion yuan [2] - The company reported a revenue of 3.944 billion yuan for the first three quarters, a year-on-year increase of 14.69%, and a net profit of 888 million yuan, also up 14.58% [2] - In the third quarter alone, Farah Electronics achieved a revenue of 1.445 billion yuan, reflecting a year-on-year growth of 9.31% [2]

Group 1 - The news highlights the disappearance of Shan Junbao, a significant figure in China International Capital Corporation (CICC), with no response from the company regarding the situation [2] - Shan Junbao has been with CICC since 2001, holding various leadership roles, including head of the Shanghai branch and managing director of the investment banking department [2] - He joined the management team of CICC Capital in 2021 and is recognized as a prominent figure in private equity investment in China, being listed in Fortune's "30 Most Influential Investors in China" for three consecutive years starting in 2021 [2] Group 2 - CICC Capital, established in March 2017, is a wholly-owned subsidiary of CICC, headquartered in Beijing [3] - The company specializes in asset management, investment management, project investment, and investment consulting, managing various types of funds including RMB equity investment funds and infrastructure funds [3] - CICC Capital has developed into one of the leading private investment management institutions in China [3]

红星资本局11月1日消息，据经济参考报援引财新网报道，中金资本运营有限公司（下称"中金资本"）的董事长单俊葆已失联一周多。 11月1日，红星资本局致电中金资本披露的电话号码，接线工作人员表示，这是总机号码，对单俊葆是否失联一事不清楚，其可以实名制转接电话。 当天，红星资本局通过中金资本的总机实名制转接拨至单俊葆，但电话无人接听。 单俊葆 图据IC 公开资料显示，单俊葆于2001年加入中金公司（601995.SH），曾担任中金公司上海分公司负责人、中金公司企业融资咨询部负责人、中金公司投资银行部 董事总经理。 另外，天眼查APP显示，中金资本成立于2017年3月，注册资本为20亿元，实缴资本为9.23亿元。其中，单俊葆于2021年进入中金资本管理层，2022年8月起 担任法定代表人，2025年5月卸任法定代表人。 红星新闻记者 杨佩雯 ...

Core Viewpoint - China International Capital Corporation (CICC) is a leading investment bank in China, with a strong focus on investment banking, equity sales and trading, and wealth management, facing challenges in profitability and debt levels compared to industry averages [1][3]. Financial Performance - In Q3 2025, CICC reported revenue of 20.761 billion yuan, ranking 6th in the industry, with the top competitor, CITIC Securities, generating 55.815 billion yuan [2]. - The net profit for the same period was 6.565 billion yuan, placing CICC 10th in the industry, while CITIC Securities led with 23.916 billion yuan [2]. Financial Ratios - CICC's debt-to-asset ratio stood at 81.18% in Q3 2025, an increase from 80.24% year-on-year, significantly higher than the industry average of 68.82%, indicating higher debt pressure [3]. - The gross profit margin was reported at 37.01%, up from 23.26% year-on-year, but still below the industry average of 42.78%, suggesting weaker profitability [3]. Executive Compensation - Chairman Chen Liang's compensation for 2024 was 1.438 million yuan, a significant increase of 1.155 million yuan from 2023 [4]. - President Wang Shuguang received 1.659 million yuan in 2024, a decrease of 0.125 million yuan from the previous year [4]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.11% to 118,500, while the average number of shares held per shareholder increased by 4.28% to 24,700 [5]. - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable changes in shareholdings among the top ten shareholders [5]. Business Highlights - CICC's brokerage business showed strong growth, with the wealth management segment surpassing 120 billion yuan in scale [6]. - Investment banking revenues increased significantly, with 80 IPO projects in the pipeline, ranking 3rd in the industry [6]. - Asset management revenues expanded, and proprietary trading showed impressive growth [6]. - Credit income improved, with margin financing growth leading the market [6].

Core Insights - The establishment of the Sci-Tech Growth Tier is a significant reform aimed at providing crucial financing support for unprofitable but innovative tech companies with substantial R&D investments and promising commercial prospects [1][2] Group 1: Policy and Market Impact - The introduction of the Sci-Tech Growth Tier is seen as a timely and profound measure that aligns with national strategies for technological innovation and the development of new productive forces [1][2] - As of October 28, the Sci-Tech Board has gathered 592 quality tech companies, with a cumulative financing scale exceeding 930 billion yuan [2] Group 2: Support for Innovation - The Sci-Tech Growth Tier enhances the precision of support for tech innovation enterprises by implementing differentiated supervision for unprofitable companies, serving as a "testing ground" for more inclusive policies [3] - It broadens financing channels for companies in the R&D phase, while also providing a clear and efficient exit mechanism for early-stage capital, fostering a positive cycle between technology, industry, and finance [3] Group 3: Investor Protection - The establishment of a special "U" identifier to reveal risks, along with measures to ensure smooth transitions for companies exiting standards, enhances investor protection and market transparency [3] Group 4: Institutional Commitment - The company emphasizes its commitment to supporting hard-tech enterprises with core technologies to achieve rapid development through capital markets, aligning with national goals for financial strength and modernization [4]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 证券代码：601995 证券简称：中金公司 公告编号：临2025-035 中国国际金融股份有限公司 关于不再设立监事会 及《公司章程》等制度修订生效的公告 中国国际金融股份有限公司董事会及全体董事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法律责任。 2025年10月31日，中国国际金融股份有限公司（以下简称"公司"或"中金公司"）召开2025年第一次临时 股东大会，审议通过了《关于不再设立监事会并修订〈公司章程〉的议案》等议案，具体情况请见与本 公告同日在上海证券交易所网站（www.sse.com.cn）披露的《中金公司2025年第一次临时股东大会决议 公告》。根据上述会议决议、公司第三届董事会第九次会议、第三届监事会第七次会议及第三届职工代 表大会第五次会议决议： 自2025年10月31日起，公司不再设立监事会，由董事会审计委员会行使《中华人民共和国公司法》规定 的监事会职权，《中金公司监事会议事规则》等监事会相关制度文件同时废止；《中金公司章程》《中 金公司股东会议事规则》《中 ...

◎记者 闫刘梦 近日，科创成长层迎来首批新注册企业，标志着科创板"1+6"改革进一步实质性落地。对此，中金公司 党委副书记、总裁王曙光在接受上海证券报记者专访时表示，科创成长层的设立是推动科技强国建设 的"及时雨"与"加速器"，充分彰显了中国特色现代资本市场服务实体经济高质量发展的使命担当。 王曙光认为，在此背景下，科创成长层的设立，正是资本市场以制度创新响应国家战略的生动实践，是 打通科技、产业与金融循环堵点的关键一招。这一制度为那些"研发投入高、技术壁垒深、盈利周期 长"的硬科技企业架起了通往资本市场的坚实桥梁。 深化资本市场改革的重要里程碑 从资本市场改革全局看，王曙光表示，科创成长层的推出标志着我国多层次资本市场体系实现了历史性 跃升。 在他看来，当众多处于技术攻坚期的前沿科技企业因传统盈利门槛而不得不对A股市场"望而却步"时， 科创成长层精准补上了硬科技企业全生命周期融资链条中的关键一环，不仅定位更加清晰、立意更为高 远，更彰显了资本市场改革的效率与决心。 服务国家战略的关键举措 今年6月，中国证监会正式推出科创板深化改革"1+6"政策体系，设置科创成长层为改革核心举措之一， 为尚未盈利但具备重大技 ...

Core Insights - The overall performance of A-share listed securities firms in the first three quarters of the year showed strong growth, with total operating income reaching 421.42 billion yuan, a year-on-year increase of 42.57%, and net profit attributable to shareholders reaching 169.29 billion yuan, up 62.48% [1] Group 1: Performance Highlights - 42 out of 43 listed securities firms reported year-on-year growth in both operating income and net profit [1] - Leading firms such as CITIC Securities and Guotai Junan achieved significant revenue, with CITIC Securities reporting 55.81 billion yuan in operating income, a 32.7% increase, and net profit of 23.16 billion yuan, up 37.86% [2] - Guotai Junan's operating income reached 45.89 billion yuan, a remarkable 101.6% increase, with net profit soaring to 22.07 billion yuan, up 131.8% [2] Group 2: Mergers and Acquisitions Impact - Mergers and acquisitions have been pivotal for securities firms to overcome growth bottlenecks, with firms like Guolian Minsheng and Guotai Junan showing over 100% growth in operating income [3] - Guolian Minsheng's net profit surged by 345.3%, reaching 1.76 billion yuan, while Huaxi Securities and Guohai Securities also reported net profit increases exceeding 200% [3] Group 3: Business Segment Performance - All five core business segments (brokerage, investment banking, asset management, proprietary trading, and credit) experienced growth, indicating a comprehensive recovery across the industry [4] - Brokerage business net income reached 111.78 billion yuan, a 74.64% increase, with Guolian Minsheng leading with a 293.05% growth rate [4] - Proprietary trading, the largest income source for securities firms, generated 186.86 billion yuan, up 43.83%, with CITIC Securities leading at 31.60 billion yuan [5]

Core Viewpoint - The board of directors of China International Capital Corporation (CICC) has elected Wang Shuguang as the vice chairman, effective from the date of the board's approval until the end of the current board's term [3][8]. Group 1: Board Meeting Details - The board meeting was held on October 31, 2025, with all nine participating directors agreeing to waive the notice period for the meeting [7]. - The voting results for the election of the vice chairman were unanimous, with 9 votes in favor and no votes against or abstaining [8]. Group 2: Committee Adjustments - The board approved adjustments to the composition of its specialized committees, electing Wang Shuguang as a member of the Strategy and ESG Committee, Compensation Committee, and Risk Control Committee [10]. - Tian Ting was also elected as a member of the Strategy and ESG Committee and the Risk Control Committee [10]. Group 3: Background of Wang Shuguang - Wang Shuguang was born in November 1974 and holds multiple degrees from Tsinghua University, including a bachelor's degree in science and economics, and a master's degree in engineering [11]. - He has held various positions within CICC, including head of the Growth Enterprises Investment Banking Department and co-head of the Asset Management Department, and was appointed as the president and deputy secretary of the party committee in August 2023 [14].

Core Points - China International Capital Corporation (CICC) announced the election of Wang Shuguang as Vice Chairman and adjustments to the board's specialized committees on October 31, 2025 [1][3][4] - The board meeting was conducted in compliance with relevant laws and regulations, with all nine participating directors voting in favor of the proposals [2][5] - The changes aim to enhance corporate governance and decision-making efficiency, aligning with the company's long-term development needs [6] Meeting Details - The board meeting was convened via written notice, and all directors agreed to waive the notification period [2] - A total of nine directors participated in the voting, confirming the meeting's compliance and validity [2] Election of Vice Chairman - Wang Shuguang was elected as Vice Chairman with unanimous support from the board [3] - His term will last until the end of the current board's tenure, and his position will automatically terminate if he ceases to be a director [3] Adjustment of Specialized Committees - The board approved adjustments to the specialized committees, with Wang Shuguang joining the Strategy and ESG Committee, Compensation Committee, and Risk Control Committee [4] - Tian Ting was also elected to the Strategy and ESG Committee and the Risk Control Committee [4][5] Change of Authorized Representative - The board approved the appointment of Wang Shuguang as the authorized representative under the Hong Kong Stock Exchange Listing Rules [6] - Wang will serve alongside the co-secretary, while the current chairman, Chen Liang, will no longer hold this position [6]