Core Viewpoint - The article emphasizes the launch of the 2026 Spring Campus Recruitment by Shenwan Hongyuan Research, highlighting the opportunities for fresh graduates to join a leading securities research institution in China [6][11]. Group 1: Company Overview - Shenwan Hongyuan Research was established in 1992 and is a comprehensive securities research consulting institution with independent legal status [8]. - The company has a research team of over 300 professionals, focusing on macroeconomics, industry and company analysis, investment strategies for stocks and bonds, and product design [8][9]. - Shenwan Hongyuan Research aims to provide long-term stable professional research services and aspires to be a globally influential research-oriented financial advisor [8][9]. Group 2: Recruitment Details - The recruitment is targeted at students graduating between January 1, 2026, and July 31, 2026, from domestic institutions, and from May 1, 2025, to July 31, 2026, from overseas institutions [14]. - The recruitment process includes online application, written tests, interviews, and internships, with specific timelines outlined for each stage [15]. - Various positions are available, including macroeconomic analysts, bond analysts, stock analysts, financial engineers, and strategy analysts [13]. Group 3: Training and Development - The company emphasizes a comprehensive talent development system to support the growth of new employees through structured training and mentorship [12]. - The training includes onboarding, investment research methodologies, and financial advisory skills, aimed at facilitating the integration of new hires into the company [12].

Core Viewpoint - The article emphasizes the launch of the 2026 Spring Campus Recruitment by Shenwan Hongyuan Research, highlighting the opportunities for fresh graduates to join a leading securities research institution in China [6][11]. Group 1: Company Overview - Shenwan Hongyuan Research, established in 1992, is a comprehensive securities research and consulting institution with independent legal status, known for its large scale and early establishment in mainland China [8]. - The research team consists of over 300 professionals, focusing on macroeconomics, industry and company analysis, investment strategies for stocks and bonds, and product design, aiming to provide long-term stable professional research services [8][9]. - The institution has consistently ranked among the top in service market commission volumes for fund companies and has received numerous accolades for its influence and independence in research [11][12]. Group 2: Recruitment Details - The recruitment is targeted at students graduating between January 1, 2026, and July 31, 2026, from domestic institutions, and from May 1, 2025, to July 31, 2026, for overseas institutions [14]. - The recruitment process includes online application, written tests, interviews, and internships, with specific timelines outlined for each stage [15]. - Various positions are available, including macroeconomic analysts, bond analysts, stock analysts, financial engineers, and strategy analysts, indicating a broad range of opportunities for new talent [13].

Core Viewpoint - The article promotes the "Shenwan Hongyuan Research Elite Training Camp," which aims to cultivate industry talents and provide opportunities for students to transition from academic to professional environments [2][8]. Group 1: Training Program Overview - The training camp is open for global recruitment and is free of charge, targeting students with master's degrees or higher, regardless of their major [2][14]. - The program offers a comprehensive curriculum that includes macroeconomic research methods, bond research methods, industry comparison research methods, and company financial analysis [10][11]. - Participants will have access to top-tier mentors, including industry executives and experts, providing insights into the capital markets [13]. Group 2: Program Structure and Timeline - The application deadline for the program is February 15, 2026, with the camp starting on March 7, 2026 [16]. - The training will include practical workshops, career counseling, and a final presentation where participants can showcase their skills to potential employers [16][19]. - The program has successfully transformed approximately 900 talents in previous sessions, helping them secure positions in leading institutions [19].

Group 1 - The Securities ETF Index Fund (516200) opened with a slight increase of 0.09%, priced at 1.134 yuan [1] - Major holdings in the Securities ETF Index Fund include Dongfang Caifu, which rose by 0.18%, and other securities firms like CITIC Securities and Huatai Securities, which remained stable or showed minor fluctuations [1] - The fund's performance benchmark is the CSI All Share Securities Company Index return rate, managed by Huaan Fund Management Co., Ltd., with a return of 13.19% since its inception on March 9, 2021, and a recent one-month return of -5.46% [1]

Overview - The U.S. non-farm payrolls for January added 130,000 jobs, significantly exceeding market expectations of 65,000 jobs, with the unemployment rate dropping to 4.3% from 4.4% [1][5] - Private sector hourly wages increased by 0.4% month-on-month, surpassing the expected 0.3% [1][5] - The labor force participation rate rose to 62.5%, slightly above the expected 62.4% [1][5] Employment Data Analysis - The January employment data shows signs of improvement, particularly in the education and health sectors, which contributed significantly to job growth due to adjustments in the NBD model [2][23] - The construction sector also saw job gains, with 33,000 new jobs added, primarily driven by non-residential contractors rather than residential construction [2][23] - The unemployment rate's decline and the increase in labor participation, especially among the 25-54 age group, indicate a rising willingness to work among U.S. residents [2] Future Outlook - Despite the positive January employment figures, there are concerns about potential "water" in the data, suggesting that the employment market remains in a "weak balance" [3] - Short-term risks include tariff impacts and immigration policies that could negatively affect employment [3] - The Federal Reserve is expected to maintain its current stance in the first half of the year, with attention on upcoming CPI data to gauge inflationary pressures [3] Market Reactions - Following the release of the employment data, U.S. Treasury yields, the dollar index, and stock markets all experienced upward movements, indicating reduced concerns over layoffs [12][18] - The 10-year Treasury yield briefly surpassed 4.2%, reflecting market optimism [12] - Gold prices fell in response to the employment data, aligning with lowered expectations for interest rate cuts [12][21] Data Revisions - The annual benchmark revision indicates that the average monthly job addition for 2025 is now projected at only 15,000, marking the weakest performance since 2003, excluding economic crisis years [9] - The revisions included a downward adjustment of 898,000 jobs for seasonally adjusted non-farm employment for March 2025 [9] Sector Contributions - The education and health services sector added 137,000 jobs, while the construction sector contributed 33,000 jobs, indicating sector-specific growth drivers [23] - Manufacturing managed to add 5,000 jobs in January, breaking a streak of negative growth over the previous 13 months [23]

Core Viewpoint - Shenwan Hongyuan Securities has successfully completed the issuance of corporate bonds aimed at professional investors, raising a total of RMB 4 billion [1] Group 1: Bond Issuance Details - The total issuance scale of the bonds is RMB 4 billion [1] - The first type of bonds has an issuance scale of RMB 2.6 billion, with a maturity of 2 years and a coupon rate of 1.79% [1] - The second type of bonds has an issuance scale of RMB 1.4 billion, with a maturity of 35 months and a coupon rate of 1.84% [1] Group 2: Listing Information - The bonds are set to be listed and traded on the Shenzhen Stock Exchange after registration is completed [1]

Group 1 - The company, Shenwan Hongyuan (06806), announced the completion of the issuance of corporate bonds aimed at professional investors on February 11, 2026 [1] - The total issuance scale of this bond is RMB 4 billion, with the first type having an issuance scale of RMB 2.6 billion and a term of 2 years at a coupon rate of 1.79% [1] - The second type has an issuance scale of RMB 1.4 billion, a term of 35 months, and a coupon rate of 1.84% [1] - After registration, the bonds are intended to be listed for trading on the Shenzhen Stock Exchange [1]

Core Viewpoint - Shenwan Hongyuan Securities Co., Ltd. has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds totaling up to RMB 60 billion to professional investors [1] Group 1: Bond Issuance Details - On February 11, 2026, Shenwan Hongyuan Securities completed the issuance of corporate bonds for professional investors, with a total issuance scale of RMB 4 billion [1] - The first type of bonds issued amounted to RMB 2.6 billion, with a term of 2 years and a coupon rate of 1.79% [1] - The second type of bonds issued amounted to RMB 1.4 billion, with a term of 35 months and a coupon rate of 1.84% [1] Group 2: Regulatory Approval - The approval for the bond issuance was granted under the document number 证监许可〔2026〕36号 by the China Securities Regulatory Commission [1] - The company had previously announced this information on January 14, 2026, in various financial publications and on its official website [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） 根据中国证券监督管理委员会《关于同意申万宏源证券有限公司 向专业投资者公开发行公司债券注册的批复》（证监许可〔2026〕36 号），公司所属子公司申万宏源证券有限公司获准向专业投资者公开 发行面值总额不超过人民币 600 亿元公司债券。（相关情况请详见公 司于 2026 年 1 月 14 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） 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2026年面向專業投資者公開發行公司債券（第一期）發行結果的公告》，僅供參閱。 承董事會命 ...

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2026-14 申 万 宏 源 集 团 股 份 有 限 公 司 关于申万宏源证券有限公司 2026 年面向专业投资者 公开发行公司债券（第一期）发行结果的公告 根据中国证券监督管理委员会《关于同意申万宏源证券有限公司 向专业投资者公开发行公司债券注册的批复》（证监许可〔2026〕36 号），公司所属子公司申万宏源证券有限公司获准向专业投资者公开 发行面值总额不超过人民币 600 亿元公司债券。（相关情况请详见公 司于 2026 年 1 月 14 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） 2026 年 2 月 11 日，申万宏源证券有限公司 2026 年面向专业投 资者公开发行公司债券（第一期）（以下简称"本期债券"）完成发 行工作。本期债券发行规模人民币 40 亿元，其中品种一发行规模人 民币 26 亿元，期限 2 年，票面利率为 1.79%；品种二发行规模人民 币 14 亿元，期限 35 ...