Core Viewpoint - The China Securities Regulatory Commission (CSRC) is proposing revisions to the Corporate Governance Code to enhance the governance level of listed companies and regulate the behavior of directors, senior management, controlling shareholders, and actual controllers [1][2]. Group 1: Revisions to the Corporate Governance Code - The revisions focus on four main areas: improving the management system for the appointment, performance, and departure of directors and senior management [2]. - The qualifications for directors and senior management will be clarified, and the responsibilities of the nomination committee will be defined to prevent unqualified individuals from holding positions [2]. - The obligations of directors and senior management regarding loyalty and diligence will be detailed, with enhanced disclosure requirements for conflicts of interest and decision-making processes [2]. - The management of departures of directors and senior management will be strengthened, including accountability measures for post-departure responsibilities [2]. Group 2: Incentive and Restraint Mechanisms - Listed companies will be required to establish a remuneration management system that aligns the compensation structure and levels of directors and senior management with company performance [2]. - The remuneration of directors and senior management must be linked to both company and individual performance to encourage value creation [2]. - Mechanisms for the recovery of remuneration and deferred payment systems will be improved to enhance accountability [2]. Group 3: Regulation of Controlling Shareholders and Actual Controllers - The revisions will impose strict limitations on competitive behaviors that could adversely affect listed companies, with increased transparency requirements for non-material competitive activities [2]. - The requirements for the board of directors regarding the identification and review of related party transactions will be further refined [2]. Group 4: Integration with Existing Regulations - The revisions will ensure alignment with the Securities Law regarding the public solicitation of shareholder rights [3]. - Responsibilities of the nomination committee and remuneration assessment committee will be updated according to the Independent Director Management Measures [3]. - Improvements will be made to voluntary information disclosure and the publication of sustainability reports in accordance with the Information Disclosure Management Measures [3].

Core Viewpoint - Financial Street Holdings Co., Ltd. will pay interest on its corporate bonds (24 Jin Street 05) on July 25, 2025, for the period from July 25, 2024, to July 24, 2025, with a coupon rate of 2.30% [1][2][3] Group 1: Bond Issuance and Payment Details - The bond's interest payment date is set for July 25, 2025, with the record date being July 24, 2025 [1][2] - The interest amount for each bond (face value of 1,000 RMB) is 18.40 RMB for individual investors and 23.00 RMB for non-resident enterprises [2][4] - The company has already transferred the interest payment to the designated bank account of China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [3][4] Group 2: Taxation Information - Individual bondholders are subject to a personal income tax rate of 20% on the interest earned [4] - Foreign institutions are temporarily exempt from corporate income tax and value-added tax on bond interest income until December 31, 2025, under specific regulations [4][5] Group 3: Contact Information - The announcement includes contact details for inquiries related to the bond payment, including multiple contacts and their respective phone numbers [5]

| 证券代码：000402 | 证券简称：金融街 公告编号：2025-082 | | --- | --- | | 债券代码：148599 | 债券简称：24 金街 06 | 金融街控股股份有限公司 公司债券（24 金街 06）2025 年付息公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示：金融街控股股份有限公司 2024 年面向专业投资者公开发行公司 债券（第三期）（品种二）（债券简称：24 金街 06，债券代码：148599）将于 2025 年 7 月 25 日支付自 2024 年 7 月 25 日到 2025 年 7 月 24 日期间的利息，本次付 息的债权登记日为 2025 年 7 月 24 日，凡在 2025 年 7 月 24 日（含）前买入并持 有本期债券的投资者享有本次派发的利息；2025 年 7 月 24 日卖出本期债券的投 资者不享有本次派发的利息。截至本公告披露日，公司已将本期债券本次利息 足额划付至中国结算深圳分公司指定的银行账户。 公司在 2024 年 7 月 25 日发行的金融街控股股份有限公司 2024 年面向专业 投 ...

| 证券代码：000402 | 证券简称：金融街 公告编号：2025-081 | | --- | --- | | 债券代码：148598 | 债券简称：24 金街 05 | 公司在 2024 年 7 月 25 日发行的金融街控股股份有限公司 2024 年面向专业 投资者公开发行公司债券（第三期）（品种一）将于 2025 年 7 月 25 日支付自 2024 年 7 月 25 日到 2025 年 7 月 24 日期间的利息，为保证兑息工作的顺利进行，方 便投资者及时领取利息，现将有关事项公告如下： 一、本期债券的基本情况 1、债券名称：金融街控股股份有限公司 2024 年面向专业投资者公开发行公 司债券（第三期）（品种一）。 2、债券简称及代码：24 金街 05（148598）。 3、发行人：金融街控股股份有限公司。 金融街控股股份有限公司 公司债券（24 金街 05）2025 年付息公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示：金融街控股股份有限公司 2024 年面向专业投资者公开发行公司 债券（第三期）（品种一）（债券简称：24 金街 05 ...

Core Insights - The financial district's dining scene is undergoing significant changes, shifting from high-end, private dining experiences to more accessible, family-oriented options due to stricter corporate dining policies and changing consumer behavior [2][4][5] Group 1: Changes in Consumer Behavior - Financial institutions have implemented stricter dining reimbursement policies, reducing the per capita reimbursement standard to around 200 yuan, leading to a decline in high-end dining frequency [5][6] - Many high-frequency customers are opting for company cafeterias instead of dining out, reflecting a broader trend of reduced business travel and dining expenses [6][8] - The average dining expenditure in some restaurants has dropped from 220 yuan to around 160 yuan, with goals to further reduce it to 130-150 yuan to attract family consumers [11][12] Group 2: Industry Adaptations - Restaurants are reducing service staff and altering menus to lower costs, such as replacing premium ingredients with more affordable options to maintain profitability [4][12] - The shift from private client management to online marketing strategies is evident, as restaurants now focus on attracting a broader customer base through platforms like Dazhong Dianping [13][22] - The competitive landscape has intensified, with mid-range restaurants lowering their prices to compete with high-end establishments that are also reducing their price points [11][12] Group 3: Historical Context and Future Outlook - The financial district has historically been a lucrative area for high-end dining, but recent economic pressures and changing consumer preferences have led to a decline in profitability for many establishments [14][20] - Some restaurant owners are considering relocating to areas with lower rent and a more diverse customer base, indicating a strategic pivot in response to market conditions [21][22] - The industry anticipates a potential recovery as weaker competitors exit the market, with some operators planning to expand once conditions improve [23]

Core Viewpoint - The introduction of the "Interim Measures for the Supervision and Management of Local Asset Management Companies" aims to enhance supervision, promote healthy industry development, and mitigate regional financial and economic risks [1][3]. Group 1: Regulatory Framework - The "Measures" consist of four chapters and forty-five articles, covering general principles, business operations and risk management, supervision, and supplementary provisions [2]. - The framework specifies the operational behaviors of local asset management companies, including business scope, operational areas, and asset acquisition limits, to ensure they focus on their primary responsibilities and effectively serve local needs [2]. Group 2: Risk Management - The "Measures" establish concentrated risk management requirements, limiting the financing balance for single clients and groups to 10% and 15% of the company's net assets, respectively [2]. - Liquidity risk management is defined, mandating that local asset management companies maintain quality liquid assets to cover net cash outflows for the next 30 days [2]. - Regulations on related party transactions are set, capping the total debt to related parties at 50% of the company's net assets [2]. Group 3: Supervision Responsibilities - The provincial financial management institutions are designated as responsible for the supervision and risk management of local asset management companies within their jurisdictions [2]. - The financial regulatory authority will enhance information sharing and collaboration with local institutions to guide the industry towards standardized and healthy development [2][3].

Core Points - Financial Street Holdings Co., Ltd. will pay interest on its corporate bonds (23 Jin Street 10) on July 17, 2025, for the period from July 17, 2024, to July 16, 2025 [1][2] - The bond has a coupon rate of 3.68%, with interest payments of RMB 29.44 per hand (face value of RMB 1,000) for domestic investors and RMB 36.80 for non-resident enterprises [2][4] - The interest payment will be made to all bondholders registered with China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the close of trading on July 16, 2025 [3][4] Bond Payment Details - The interest payment date is set for July 17, 2025, with the record date being July 16, 2025 [3] - The company has already transferred the interest amount to the designated bank account of China Securities Depository and Clearing Corporation Limited [3][4] - The tax rate for individual bondholders on interest income is 20%, with withholding tax managed by the payment outlets [4][5] Contact Information - The company provides contact details for inquiries regarding the bond payment, including multiple contacts and phone numbers [5]

| 证券代码：000402 | 证券简称：金融街 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：148378 | 债券简称：23 金街 | 10 | 金融街控股股份有限公司 公司债券（23 金街 10）2025 年付息公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示：金融街控股股份有限公司 2023 年面向专业投资者公开发行公司 债券（第五期）（品种二）（债券简称：23 金街 10，债券代码：148378）将于 2025 年 7 月 17 日支付自 2024 年 7 月 17 日到 2025 年 7 月 16 日期间的利息，本次付 息的债权登记日为 2025 年 7 月 16 日，凡在 2025 年 7 月 16 日（含）前买入并持 有本期债券的投资者享有本次派发的利息；2025 年 7 月 16 日卖出本期债券的投 资者不享有本次派发的利息。截至本公告披露日，公司已将本期债券本次利息 足额划付至中国结算深圳分公司指定的银行账户。 公司在 2023 年 7 月 17 日发行的金融街控股股份有限公司 20 ...

证券代码：000402 证券简称：金融街 公告编号：2025-080 金融街控股股份有限公司 2025 年半年度业绩预告 本公司及董事会全体成员保证信息披露的内容是真实、准确、完整的，没有 虚假记载、误导性陈述或者重大遗漏。 一、本期业绩预计情况 注 1：上年同期（2024 年 1 月 1 日~6 月 30 日）数据为 2024 年半年度报告披露数据； 注 2：本报告期（2025 年 1 月 1 日~6 月 30 日）具体数据将在 2025 年半年度报告中予 以详细披露。 二、与会计师事务所沟通情况 本期业绩预告未经过注册会计师预审计。 三、业绩变动原因说明 报告期内，公司预计归属于上市公司股东的净利润为负。公司房产开发业务 随行就市，采取包括调整销售价格在内的多种销售策略，积极促进项目销售去化， 项目结算出现亏损，但较上年同期减亏。 金融街控股股份有限公司 （一）业绩预告期间：2025 年 1 月 1 日~2025 年 6 月 30 日 （二）业绩预告类型：净利润为负值 （三）业绩预告情况表 | 项 目 | | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | -- ...

Core Insights - The Beijing office market is experiencing a price war, with expectations of continued rental declines as the market becomes increasingly competitive [2][3] - The overall rental rates for Beijing's office spaces have decreased, with a notable drop in the financial district's rental prices [4][5] Market Trends - The total stock of Grade A office space in Beijing remains at 13.68 million square meters, but the net absorption in major business districts has been negative, indicating a supply-demand imbalance [3][4] - In Q2, the average rental price for Beijing's office spaces fell by 1.6% to 233.2 yuan per square meter per month, while the core business districts saw a 2.6% decline to 257.58 yuan per square meter per month [3][4] Vacancy Rates - The vacancy rate for Beijing's office spaces is high, with estimates ranging from 16.9% to 18.4% for Q2 [4][5] - The financial district, which typically commands the highest rents, saw a significant rental drop to 389.2 yuan per square meter per month, with a vacancy rate increase to 9.7% [4][5] Future Supply and Demand - The supply of office spaces in Beijing is expected to peak in 2026, with an anticipated addition of 757,000 square meters, leading to potential challenges in absorption rates [5] - The demand for office spaces is expected to be influenced by government policies supporting emerging industries, such as humanoid robots and commercial aerospace, which may help stimulate demand [5][6] Market Outlook - The short-term outlook for the office market remains cautious, with expectations of continued high vacancy rates and downward pressure on rental prices [6] - As competition for tenants intensifies, landlords may adopt strategies such as lowering rents and enhancing service offerings to attract and retain tenants [6]