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2026-009 ■ 1 本公告所述"担保金额""担保余额"及"担保总额"在计算时仅包含固定利率票据的本金及利息以及浮动 利率票据的本金；浮动利率票据利息需根据实际情况确定。本公告所载金额涉及汇率的，均按照2026年 1月31日人民币兑美元、人民币兑港币汇率折算。 ● 累计担保情况 ■ 中国国际金融（国际）有限公司（曾用名"中国国际金融（香港）有限公司"，以下简称"中金国际"）为 中国国际金融股份有限公司（以下简称"公司"或"中金公司"）直接持股的全资子公司。中金国际直接持 有CICC Hong Kong Finance 2016 MTN Limited（以下简称"发行人"或"被担保人"）100%的股权。发行人 于2016年5月5日设立了境外中期票据计划（以下简称"中期票据计划"）。截至本公告披露日，该中期票 据计划下可发行的票据本金最高额为100亿美元。中金国际作为发行人的唯一股东，为发行人在中期票 据计划下的发行提供担保。 中国国际金融股份有限公司 关于间接持股全资子公司发行中 ...

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份內容 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。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國國際金融股份有限公司（「本公司」）在上海證券交易所網站刊登的本公司關於 間接持股全資子公司發行中期票據並由直接持股全資子公司提供擔保的公告，僅供參 閱。 承董事會命 中國國際金融股份有限公司 董事會秘書 梁東擎 中國，北京 2026年2月12日 於本公告日期，本公司執行董事為陳亮先生及王曙光先生；非執行董事為張薇女士、 孔令岩先生及田汀女士；以及獨立非執行董事為吳港平先生、陸正飛先生、彼得 • 諾蘭先 生及周禹先生。 China International Capital Corporation Limited 中 國 國 際 金 融 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03908） 海外監管公告 证券代码：601995 证券简称：中金公司 公告编号：临 2026-009 中国国 ...

每经AI快讯，中金公司2月12日晚间发布公告称，本次担保前，公司及控股子公司的担保总额为人民币 231.26亿元，占公司截至2024年12月31日经审计净资产的比例为20.05%。本次担保发生后，公司及控股 子公司的担保总额约为人民币328.81亿元，占公司截至2024年12月31日经审计净资产的比例约为 28.51%。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经头条（nbdtoutiao）——打造百万元级尊界的江淮，迎来葛卫东、方文艳联手投资：两人各掏10亿 元，公司股价应声大涨！复盘历史：牛散参与定增有赚也有亏 （记者 张明双） ...

格隆汇2月12日｜中金公司发研报指，天工国际(0826.HK)2H25出口回暖，26/27年3C钛材及粉末冶金产 品的高增长，上调25/26年收入分别2.8%/3.5%至53.66/66.39亿元，上调25/26年净利润分别13.3%/29.6% 至4.14/6.97亿元。考虑到26年起公司高端材料或将持续放量，推动公司从工模具钢龙头向高端新材料供 应商转型，该行维持公司跑赢行业评级，上调目标价76%至5.29港元，对应26年18.4xP/E，隐含50%上 行空间。 中金表示，3C钛材业务前景广阔，有望成为公司重要盈利增长引擎。自苹果公司在iPhone系列首次采用 航空级钛合金边框以来，钛合金在消费电子领域渗透率持续上升，需求前景广阔。公司目前已具备使用 绿色"返回料"生产TA1/TA10等多种钛合金牌号的能力，为国内外多家知名消费电子生产商供应边框、 中框材料，是国内3C钛材龙头供应商。公司前瞻布局钛合金粉末产线，为其在3C钛材长期竞争优势夯 实基础。伴随消费电子对钛合金需求回升，该行预期26/27年3C高端钛材销量同比增速分别为 183%/24%。 此外，粉末冶金平台化技术进入收获期，中金预测三大应用场景 ...

累计担保情况 证券代码：601995 证券简称：中金公司 公告编号：临 2026-009 中国国际金融股份有限公司 关于间接持股全资子公司发行中期票据 并由直接持股全资子公司提供担保的公告 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。 重要内容提示： 担保对象及基本情况 | 被担保人名称 | | 本次担保 | 实际为其提供的担保余额 | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | | | | 金额1 | （不含本次担保金额） | 预计额度内 | 否有反担保 | | CICC Hong | Kong | | | | | | Finance 2016 | MTN | 14 亿美元 | 30.23 亿美元 | 是 | 否 | | Limited | | | | | | | 对外担保逾期的累计金额（人民 | 无 | | --- | --- | | 币亿元） | | | 截至本公告日公司及控股子公 司对外担保总额（人民币亿元） | 328.81 | | ...

Core Viewpoint - The company emphasizes its commitment to supporting the national strategy and enhancing the stability and health of the capital market while achieving significant growth in various financial services [3][4][12]. Group 1: Economic Empowerment - The company focuses on enhancing the real economy by leveraging its comprehensive resources in investment, banking, and research, completing technology finance-related project transactions exceeding 1.3 trillion yuan [4][12]. - It has supported green financial innovations, completing green project transactions over 1.5 trillion yuan, contributing to the "dual carbon" goals [4][12]. - The company has built a new ecosystem for financial services for small and medium-sized enterprises, with project transaction volumes surpassing 1.5 trillion yuan, covering approximately 8,800 specialized enterprises [4][12]. Group 2: International Engagement - The company has facilitated over 200 billion yuan in foreign investment into A-shares and Hong Kong stocks, maintaining its position as the only Chinese investment bank to assist the Ministry of Finance in issuing foreign debt for nine consecutive years [4][12]. - It has completed financing transactions related to the "Belt and Road" initiative amounting to approximately 6 billion USD, promoting efficient capital circulation [5][12]. Group 3: Internal Development and Compliance - The company has implemented a new development strategy, enhancing business collaboration and internal management reforms, including the integration of Dongxing Securities and Xinda Securities [5][13]. - It has strengthened risk control and compliance management, establishing a comprehensive "1+N" system and enhancing talent development pathways [5][13]. Group 4: Market Performance and Innovation - The company has achieved significant growth in its overall performance, maintaining a leading position in global IPOs for Chinese enterprises and successfully completing major IPO projects [6][14]. - The asset management business has surpassed 600 billion yuan in managed assets, while private equity business continues to solidify its industry-leading position [6][14][15]. - The company has launched important research publications, contributing to market stability and investor confidence [7][15]. Group 5: Social Responsibility - The company has developed an "AI + buy-side advisory" service model to help clients manage market volatility and enhance wealth preservation, with the "China 50" product generating over 10 billion yuan in returns for clients [8][16]. - It has actively participated in rural revitalization efforts, purchasing nearly 12 million yuan in products to support farmers and receiving recognition for its contributions [8][16]. - The company has engaged in various public welfare projects, including education and ecological initiatives, contributing to social equity and environmental sustainability [8][16].

Core Viewpoint - China International Capital Corporation (CICC) shows strong financial performance with significant revenue and profit growth, alongside high levels of financing and margin trading activity, indicating robust investor interest and market positioning [1][3]. Financing Activity - On February 11, CICC had a financing buy-in amount of 79.38 million yuan, with a net financing outflow of 7.28 million yuan, resulting in a total financing balance of 29.47 billion yuan [1]. - The financing balance of 29.42 billion yuan accounts for 2.86% of the circulating market value, which is above the 80th percentile of the past year, indicating a high level of financing activity [1]. Margin Trading - CICC's margin trading on February 11 included a repayment of 5,400 shares with no shares sold, leading to a margin balance of 4.68 million yuan, which is above the 90th percentile of the past year [1]. Company Overview - CICC, established on July 31, 1995, and listed on November 2, 2020, operates in investment banking, equity sales and trading, fixed income, commodities, wealth management, and investment management [2]. - The revenue composition includes wealth management (32.58%), equity business (25.78%), fixed income (13.38%), investment banking (11.26%), and other segments [2]. Financial Performance - For the period from January to September 2025, CICC reported revenue of 20.76 billion yuan, a year-on-year increase of 54.36%, and a net profit of 6.57 billion yuan, reflecting a 129.75% growth [3]. - CICC has distributed a total of 5.36 billion yuan in dividends since its A-share listing, with 3.04 billion yuan in the last three years [3]. Shareholder Structure - As of September 30, 2025, CICC had 118,900 shareholders, with an average of 24,662 circulating shares per shareholder, showing a decrease in the number of shareholders but an increase in average shares held [3]. - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings for some while others saw reductions [4].

Core Viewpoint - The Hong Kong stock market has become the most comprehensive market for foreign capital to allocate Chinese assets, providing a "one-stop" opportunity for international investors to access China's growth [3][4]. Group 1: Market Dynamics - In 2024, the Hong Kong stock market raised approximately HKD 87.6 billion, a year-on-year increase of 89% [4]. - In 2025, the market saw a significant surge in IPO fundraising, reaching HKD 2,856.93 billion, a year-on-year increase of 224%, reclaiming the top position globally for IPO fundraising [4]. - The number of companies waiting for IPOs in Hong Kong has exceeded 350, indicating sustained capital vitality in the market [4]. Group 2: Sectoral Trends - In 2025, 117 companies successfully listed on the Hong Kong stock market, with new economy sectors like hard technology (27%), healthcare (23%), and new consumption (25%) becoming the main contributors [5][7]. - The traditional sectors such as infrastructure and real estate are gradually declining in proportion [5]. Group 3: Role of Chinese Securities Firms - The A+H listing model became a powerful engine for the Hong Kong IPO market in 2025, with 19 A-share companies raising nearly HKD 1.4 billion, contributing to nearly half of the total fundraising [8]. - Chinese securities firms have transitioned from participants to dominant players in the market, with a market share of approximately 56% among the top ten IPO underwriters [8][10]. - The number of licensed Chinese securities firms in Hong Kong has increased from 8 in 2007 to 111 by 2024, indicating significant growth in the sector [10]. Group 4: Competitive Advantages - Chinese securities firms leverage their "home advantage" and offer comprehensive end-to-end solutions, from identifying new economy companies for listing to providing seamless A+H share services [10]. - The case of CATL's secondary listing in Hong Kong exemplifies the shift of Chinese firms from "supporting roles" to "pricing leaders" in major IPOs [11][13]. - The independent service capability of Chinese securities firms is highlighted by the successful IPO of Sanhua Intelligent Controls, which did not hire foreign underwriters [13]. Group 5: Financial Performance - The brokerage industry is expected to see significant profit increases in 2026, with CITIC Securities projected to earn HKD 30.051 billion, a year-on-year increase of 38.46% [18]. - Other firms like Guotai Junan and GF Securities are also expected to report substantial profit growth [18]. Group 6: Strategic Transformation - A trend of capital increase among Chinese securities firms is evident, with at least five firms announcing capital increases totaling nearly HKD 20 billion, marking a new high [20][21]. - This capital influx indicates a strategic shift towards higher-yield capital business, moving from a low-risk, low-return model to a more integrated service provider role [21][22]. - The Hong Kong market serves as a strategic training ground for Chinese securities firms to enhance their capabilities in pricing, market-making, and risk management [22][23].

Group 1 - The core point of the article is the establishment of Huzhou Zhongjin Qixin Equity Investment Partnership (Limited Partnership) with a capital contribution of 10 billion RMB, focusing on private equity investment and asset management activities [1][2]. - The executing partner of the newly established firm is Zhongjin Private Equity Investment Management Co., Ltd., indicating a strong backing from a reputable investment management company [1][2]. - The partnership is funded by several local entities, including Huzhou Industrial Fund Investment Co., Ltd., Huzhou Innovation and Entrepreneurship Investment Co., Ltd., and Huzhou Transportation Investment Group Co., Ltd., showcasing a collaborative effort in regional investment [1][2]. Group 2 - The registered capital of the partnership is 10 billion RMB, which is equivalent to 1,000 million RMB, indicating significant financial resources for investment activities [2]. - The business scope includes private equity investment, investment management, and asset management, which requires registration with the Asset Management Association of China before commencing operations [2]. - The partnership is registered with the Huzhou Market Supervision Administration, reflecting compliance with local regulatory requirements [2].

Group 1 - The core viewpoint of the article highlights the announcement of the "Top Ten Macroeconomists of 2025," emphasizing the challenges and opportunities in China's economy, which is navigating through a phase of transformation and pressure while aiming for high-quality development [1][2][3] - The evaluation of the economists was based on five dimensions: professionalism, influence, innovation, foresight, and activity level, with results determined through a voting process by a review panel [3] - The macroeconomists focus on key areas such as new productive forces, boosting domestic demand, risk mitigation, and long-term growth strategies, providing insights into the development logic amid changing circumstances [1][2] Group 2 - Peng Wensheng, Chief Economist and Head of Research at CICC, was awarded the title of "Top Ten Macroeconomists of 2025," recognized for his significant contributions to economic thought [4] - Notable viewpoints from Peng Wensheng include discussions on geopolitical economics and dual circulation, the contribution of China's green industry to the global economy, and the role of technology finance in promoting innovative development [4]