挂牌转让的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 证券代码：000166 证券简称：申万宏源 公告编号：临2025-52 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏源证券有限公司 2025 年面向专业投资者 非公开发行短期公司债券（第二期）在深圳证券交易所 公司所属子公司申万宏源证券有限公司 2025 年面向专业投资者 非公开发行短期公司债券（第二期） （以下简称"本期债券"）发行工 作于 2025 年 7 月 28 日完成，本期债券发行规模人民币 40 亿元，分 两个品种，其中品种一发行规模人民币 15 亿元，期限 60 天，票面利 率 1.60%；品种二发行规模人民币 25 亿元，期限 123 天，票面利率 （相关情况请详见公司于 2025 年 7 月 30 日在《中国证券报》 《证券时报》《上海证券报》和巨潮资讯网 www.cninfo.com.cn 上刊 登的公告） 经深圳证券交易所审核，本期债券定于2025 年8月1日起在深圳 证券交易所挂牌转让，面向专业投资者中的机构投资者交易，品种一 债券简称"25申证D3" ，债券 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the registration of Shenyin Wanguo Securities Co., Ltd. for the public issuance of corporate bonds and subordinated bonds aimed at professional investors, with a total face value of up to 20 billion yuan for each type of bond [1][2][3] Group 1 - Shenyin Wanguo Securities has received approval from the CSRC for the public issuance of corporate bonds and subordinated bonds [2][3] - The total face value for the corporate bonds is capped at 20 billion yuan, and the same applies to the subordinated bonds [3] - The approval is valid for 24 months from the date of registration approval, which is July 25, 2025 [3]

Group 1 - The average tariff rate in the US increased to 18.3% after August 1, down approximately 4 percentage points from 22.5% on April 2 [62][63] - The new tariff rates for countries with trade agreements range from 10% to 20%, while those for countries with trade deficits range from 25% to 41% [62][63] - Ongoing negotiations between the US and other countries, including India, aim to finalize a phase one agreement by fall 2025, focusing on agricultural products, medical devices, and digital trade tariffs [62] Group 2 - Developed market indices experienced declines, with the S&P 500 down 2.4% and the French CAC40 down 3.7% [2][3] - Emerging market indices also saw declines, with the South Korean Composite Index down 2.4% and the Ho Chi Minh Index down 2.3% [3] - The majority of sectors within the S&P 500 fell, with materials, consumer discretionary, healthcare, and financials down 5.4%, 4.5%, 3.9%, and 3.8% respectively [6] Group 3 - The yield on the 10-year US Treasury bond decreased by 17.0 basis points to 4.2% [16] - The yield on 10-year bonds in other developed markets also fell, with Germany at 2.8% and Japan at 1.6% [16] - Emerging market 10-year bond yields mostly declined, with Turkey down 21.0 basis points to 29.3% and South Africa down 24.0 basis points to 9.6% [22] Group 4 - The US dollar index rose by 1.0% to 98.69, while most other currencies depreciated against the dollar [27] - The offshore Chinese yuan depreciated to 7.1929 against the dollar [39] - Major emerging market currencies also saw depreciation, with the Mexican peso down 1.6% and the Philippine peso down 1.0% [27] Group 5 - Commodity prices showed mixed results, with WTI crude oil rising 3.3% to $67.3 per barrel, while coking coal prices fell 13.2% to 1093 yuan per ton [45] - Precious metals experienced varied performance, with COMEX gold up 0.9% to $3360.1 per ounce, while COMEX silver fell 3.4% to $36.8 per ounce [52]

Group 1 - The core issue of the article revolves around the weaker-than-expected U.S. employment data for July, primarily due to significant downward revisions in May and June employment figures [2][4] - The July non-farm payrolls added only 73,000 jobs, below the market expectation of 104,000, while May and June figures were revised down by 125,000 and 133,000 respectively [5][11] - The downward revisions were mainly concentrated in the government sector, indicating that the previously reported strong employment figures were misleading [5][9] Group 2 - The article questions the reasons behind the substantial downward revisions in May and June, suggesting that statistical factors cannot fully explain the changes, and the primary reason is a weakening labor market [2][23] - Historical data shows that significant downward revisions in non-farm payrolls often correlate with economic downturns, suggesting a potential economic slowdown [40][48] - The labor market is entering a "loosened" phase, with both supply and demand weakening, making it difficult for the unemployment rate to decrease significantly [48][60] Group 3 - The economic outlook for the second half of the year indicates a continuation of the slowdown trend, with factors such as increased tariffs and reduced consumer spending likely to suppress economic growth [3][60] - Following the release of the July non-farm data, the market has priced in an 80% probability of a 25 basis point rate cut by the Federal Reserve in September [3][60] - The article emphasizes that the Federal Reserve's focus may shift towards the unemployment rate rather than non-farm payroll numbers, which could influence future monetary policy decisions [3][60] Group 4 - The article highlights that the labor market's current state reflects a mismatch between supply and demand, exacerbated by immigration policies that have reduced labor supply [64][66] - The equilibrium level of job growth needed to maintain a stable unemployment rate has decreased, indicating a potential shift in labor market dynamics [64][66] - The article suggests that while immigration policy changes may alleviate some upward pressure on unemployment, they may not fully counteract the weakening demand in the labor market [64][66]

| 阶段涨幅 | 季度涨幅 | 年度涨幅 | | ■ 下载天天基金手机版,随时查 | | | --- | --- | --- | --- | --- | --- | | | 近1周 | 近1月 | 近3月 | 近6月 | 今年来 | | 阶段涨幅 | -2.38% | 1.64% | 2.09% | 1.95% | -3.51% | | 同类平均0 | -1.36% | 4.61% | 10.88% | 12.33% | 10.14% | | 沪深300 | -1.57% | 2.22% | 7.96% | 6.64% | 3.45% | | 跟踪标的? | -2.44% | 1.50% | 1.28% | 1.28% | -4.12% | | 同类排名 3 | | | 3542 3998 3413 3962 3622 3750 3295 3427 3253 3340 | | | | | | | | 图片来源:天天基金网 2025/8/4 | | 富国中证旅游主题ETF基金经理为曹璐迪。 8月4日，西藏旅游股票盘中跌停，西藏旅游股份有限公司成立于1996年,是西藏自治区第一家,也是唯一一家旅游业上市公司。 财 ...

申万宏源（000166）(06806)发布公告，公司所属子公司申万宏源证券（000562）有限公司2025年面向 专业投资者非公开发行短期公司债券(第二期)发行工作于2025年7月28日完成，本期债券发行规模人民 币40亿元，分两个品种，其中品种一发行规模人民币15亿元，期限60天，票面利率1.60%;品种二发行规 模人民币25亿元，期限123天，票面利率1.65%。 经深圳证券交易所审核，本期债券定于2025年8月1日起在深圳证券交易所挂牌转让，面向专业投资者中 的机构投资者交易，品种一债券简称"25申证D3"，债券代码为"134390";品种二债券简称"25申证D4"， 债券代码为"134391"。 ...

Core Viewpoint - Shenwan Hongyuan Securities has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds and subordinated bonds to professional investors, with a total face value of up to 200 billion yuan for each type of bond [1] Group 1: Regulatory Approvals - The company has received two approvals from the CSRC: one for the public issuance of corporate bonds and another for subordinated bonds [1] - The approvals are documented under the CSRC licenses numbered 1570 and 1557, respectively [1] Group 2: Issuance Details - The total face value for the corporate bonds and subordinated bonds is capped at 200 billion yuan each [1] - The bond issuance must adhere strictly to the fundraising prospectus submitted to the Shenzhen Stock Exchange [1] - The approvals are valid for 24 months from the date of registration approval, which is July 25, 2025 [1]

Core Viewpoint - Shenwan Hongyuan Securities has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds and subordinated bonds to professional investors, with a total face value of up to 200 billion yuan for each type of bond [1] Group 1 - The company has been granted approval for the registration of corporate bonds and subordinated bonds, with a total face value not exceeding 200 billion yuan for each [1] - The approval from the CSRC is valid for 24 months from the date of registration approval, which was on July 25, 2025 [1] - The issuance of the bonds must strictly adhere to the prospectus submitted to the Shenzhen Stock Exchange [1]

Group 1 - The core announcement is that Shenwan Hongyuan Securities has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue corporate bonds and subordinated bonds to professional investors [1] - The total face value for the corporate bonds is capped at 20 billion yuan, and the same limit applies to the subordinated bonds [1] - The approval is valid for 24 months from the date of registration approval, which is July 25, 2025 [1]

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，並明確表示概不就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 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司關於申萬宏源證券有 限公司2025年面向專業投資者非公開發行短期公司債券（第二期）在深圳證券交易所掛牌轉讓 的公告》，僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年8月4日 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 证券代码：000166 证券简称：申万宏源 公告编号：临2025-52 申 万 宏 源 集 团 股 份 有 限 公 司 关于 ...