证券代码：000402 证券简称：金融街 公告编号：2025-090 金融街控股股份有限公司 第十届监事会第十五次会议决议公告 一、以 3 票赞成、0 票反对、0 票弃权表决通过了《公司申报发行私募公司 债券的议案》； 监事会认为此次申请非公开发行公司债券的方案合理可行，有利于促进公司 资金安全和经营稳健，符合公司及全体股东的利益。 二、以 3 票赞成、0 票反对、0 票弃权表决通过了《公司申报发行非金融企 业债务融资工具的议案》。 监事会认为此次申请发行非金融企业债务融资工具的方案合理可行，有利于 促进公司资金安全和经营稳健，符合公司及全体股东的利益。 特此公告。 金融街控股股份有限公司 监事会 2025 年 8 月 27 日 本公司及监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。 金融街控股股份有限公司于 2025 年 8 月 25 日召开了第十届监事会第十五次 会议。本次会议在北京市西城区金城坊街 7 号公司 11 层会议室以通讯表决方式 召开。公司监事会成员 3 名，实际出席监事 3 名。本次会议由监事会主席李想先 生主持。公司董事会秘书列席会议。本次会 ...

证券代码：000402 证券简称：金融街 公告编号：2025-089 金融街控股股份有限公司 该议案提交董事会审议前，已经公司提名委员会审议通过。该议案尚需提交 公司股东大会审议。股东大会选举董事后，公司董事会中兼任公司高级管理人员 的董事人数总计不超过公司董事总数的二分之一。公司董事会未有职工代表担任 的董事。 任庆和先生简历请见公司同日刊登在《中国证券报》、《证券时报》及巨潮 资讯网（www.cninfo.com.cn）上的《关于第十届董事会非独立董事候选人简历 的公告》。 二、 以 8 票赞成、0 票反对、0 票回避表决、0 票弃权审议通过了公司申 报发行私募公司债券的议案。 该议案尚需提交公司股东大会审议。具体内容请见公司同日刊登在《中国证 券报》、《证券时报》及巨潮资讯网（www.cninfo.com.cn）上的《关于申报发 行私募公司债券的预案》。 三、 以 8 票赞成、0 票反对、0 票回避表决、0 票弃权审议通过了公司申 报发行非金融企业债务融资工具的议案。 该议案尚需提交公司股东大会审议。具体内容请见公司同日刊登在《中国证 券报》、《证券时报》及巨潮资讯网（www.cninfo.com.cn ...

证券代码：000402 证券简称：金融街 公告编号：2025-092 金融街控股股份有限公司 关于公司申报发行非金融企业债务融资工具的公告 1．发行规模 公司本次申请注册发行非金融企业债务融资工具（中期票据）的总额不超过 115 亿元，最终规模以股东大会及监管机构批复情况为准。 2．资金用途 用于到期中期票据本息兑付及项目建设等合规用途，以监管机构批复为准。 3．发行期限 公司本次申请注册发行中期票据期限不超过 10 年（含 10 年），具体期限根 据公司需要和市场情况确定。 4．发行利率 本次中期票据采取固定利率形式，采用市场化发行方式，最终票面利率以簿 记建档结果为准。 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。 金融街控股股份有限公司（简称"公司"）于 2025 年 8 月 25 日召开第十届 董事会第四十次会议和第十届监事会第十五次会议，审议通过了《公司申报发行 非金融企业债务融资工具的议案》。本议案尚需提交股东大会审议。具体事项如 下： 5．发行方式 6．决议有效期 公司本次发行中期票据决议的有效期为自股东大会审议通过之日起 36 个月。 ...

Core Viewpoint - The People's Bank of China, along with financial regulatory authorities, has issued a notification to enhance financial support for the high-quality development of forestry, outlining 15 specific measures across five key areas [1][2]. Group 1: Financial Support Measures - The notification emphasizes the need to innovate mortgage loan products related to forest rights, expand the range of mortgaged forest rights, and legally extend loan terms [1][2]. - It encourages the establishment of forest rights storage institutions in suitable regions and promotes social capital involvement in forest rights storage guarantee services [1][2]. - A unified evaluation standard for forest rights value assessment is to be developed, enhancing the scientific and rational nature of evaluation methods [1][2]. Group 2: Financing Mechanisms - The notification focuses on the construction of national reserve forests and other significant ecological projects, exploring diversified investment mechanisms to strengthen financial service demand alignment [2]. - It aims to provide tailored financial products and services for forestry operations, addressing financing needs for various aspects such as raw material storage and logistics [2]. - The use of structural monetary policy tools is encouraged to broaden direct financing channels for forestry enterprises and increase funding support in the sector [2]. Group 3: Risk Management and Collaboration - The notification proposes the development of a forest insurance product system, including index insurance and income insurance, to enhance risk management capabilities [2]. - A comprehensive risk management mechanism for mortgage loans related to forest rights is to be established, integrating assessment, insurance, regulation, and storage [2]. - Local authorities are tasked with creating a financial support mechanism for forestry reform and development, facilitating effective collaboration and information exchange [2][3].

转自：新华财经 新华财经北京8月22日电 据证监会网站，证监会发布《关于修改<证券公司分类监管规定＞的决定》。《规定》），自2025年8月22日起实施。 本次修改将标题由《证券公司分类监管规定》调整为《证券公司分类评价规定》，与以分类评价为主的规定内容相适应。主要修改内容包括： 一是突出促进证券公司功能发挥。将现有评价框架调整为"风险管理能力、持续合规状况、业务发展和功能发挥状况"，并在业务加分、专项评价设置等方 面突出这一导向。 二是引导证券公司聚焦高质量发展。重点完善业务发展加分指标，引导证券公司提升经营质量，在引入中长期资金、财富管理等领域更好发挥专业服务能 力；适当扩大重点业务加分覆盖面，鼓励中小机构立足自身禀赋探索差异化发展道路。 三是突出"打大打恶"导向，强化综合惩戒。完善直接下调分类评级的适用范围，保持对重大恶性案件的震慑力度。按照"过罚相当"原则，适当提高"资格 罚"纪律处分扣分分值、优化行政处罚扣分分值，合理设置扣分梯度，促进发挥多种监管手段的综合惩戒效果。四是总结前期分类评价经验，明确特殊问 题的处理规则。如对涉嫌违法违规但积极申请行政执法当事人承诺、开展先行赔付的公司，适当减少扣分分值等 ...

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange have drafted the "Regulations on the Management of the Interbank Foreign Exchange Market (Draft for Comments)" to enhance regulation and promote the foreign exchange market's service to the real economy [1] Group 1: Regulatory Enhancements - The draft aims to improve the management and service capabilities of the foreign exchange market infrastructure [1] - It specifies the responsibilities, collaboration mechanisms, abnormal handling, and information reporting requirements for the interbank foreign exchange market infrastructure [1] - The infrastructure is tasked with managing trading and clearing qualifications and fulfilling supervisory responsibilities [1] Group 2: Market Development - The draft emphasizes the need for proactive management of the foreign exchange market [1] - It proposes to continuously enrich trading varieties and currencies based on market demand [1] - The regulations advocate for market-oriented principles in providing data services and standardizing the behavior of financial information service providers in distributing data [1]

Group 1 - The company has announced the interest payment for the bond "24 Jin Street 07" which will be paid on August 25, 2025, to investors holding the bond as of the registration date of August 22, 2025 [1][2] - The bond has a coupon rate of 2.30%, with interest payments of RMB 18.40 per hand (face value of RMB 1,000) for domestic investors and RMB 23.00 for non-resident enterprises [2][3] - The company has ensured that the interest has been fully transferred to the designated bank account of China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [3][4] Group 2 - The company will delegate the payment of interest to China Securities Depository and Clearing Corporation Limited, which will distribute the interest to the bondholders through their designated securities firms [3][4] - The personal income tax on the bond interest for individual bondholders is set at a rate of 20%, which will be withheld at the time of interest payment [4] - Foreign institutional investors are exempt from corporate income tax and value-added tax on bond interest income until December 31, 2025, under specific regulations [4]

Core Viewpoint - The company reported a solid mid-year performance with a revenue of 4.655 billion yuan and a positive operating cash flow of 1.606 billion yuan, laying a strong foundation for future transformation and new business development [1] Group 1: Cash Flow Management - The company implemented a collaborative strategy focusing on "sales efficiency, stable asset management income, and cost reduction" to ensure positive operating cash flow, which is crucial for navigating industry cycles [2] - The sales strategy emphasized "early and multiple payments," achieving a sales contract amount of 4.76 billion yuan and a sales area of 325,000 square meters, with residential products contributing 4.27 billion yuan [2] - The company maintained a strict budget management for project expenditures, resulting in a 19.46% year-on-year decrease in cash outflow, optimizing both revenue generation and cost control [2] Group 2: Asset Management Performance - The asset management business acted as a "cash flow stabilizer," enhancing the value of existing assets through refined operations, with core projects maintaining occupancy rates above 89% [3] - The asset management segment generated 990 million yuan in revenue and 600 million yuan in EBIT, showcasing its contribution to overall financial stability [3] - Future strategies include enhancing sales management, adjusting leasing strategies based on market conditions, and continuing to refine cash flow monitoring mechanisms [3] Group 3: Capital Structure Optimization - The company focused on "precise financing and scientific debt control" to maintain a healthy balance sheet, reducing financing balance by 2.367 billion yuan to 67.491 billion yuan [4] - Financing costs were kept low, ranging from 1.00% to 3.80%, with over 84% of long-term financing exceeding three years, effectively alleviating short-term repayment pressure [4] - The company held 10.637 billion yuan in cash reserves, providing ample financial space for future business expansion [4] Group 4: New Business Development - The company plans to accelerate the implementation of new business initiatives in response to favorable real estate policies, focusing on urban renewal and cultural tourism [5] - It aims to enhance project operational efficiency through resource integration and innovation while ensuring alignment with policy directions and market profitability [5] - The company will continue to leverage its "four-wheel drive" strategy to expand into cultural tourism and urban renewal, fostering new growth momentum [5] Group 5: Industry Outlook - As the effects of industry policies gradually materialize, the real estate market is expected to stabilize, providing a solid foundation for companies like Financial Street to convert financial advantages into operational strengths during this critical transformation period [6]

Core Viewpoint - Financial Street reported a significant decline in revenue and a net loss for the first half of the year, raising concerns about its future profitability and strategic direction [1][3]. Financial Performance - The company achieved an operating income of 4.655 billion yuan, a year-on-year decrease of 51.79% [1]. - The net profit attributable to shareholders was a loss of 1.008 billion yuan, which represents a reduction in losses by 49.20% compared to the previous year [1]. - Cash flow from investment activities was 519 million yuan, up from 151 million yuan in the same period last year [1]. Asset Transactions - Financial Street completed the sale of two core hotel assets, receiving a total transaction amount of 527 million yuan for the sale of Tianjin Regent Hotel and Huizhou Sheraton Hotel [2]. - The sale of Tianjin Regent Hotel involved transferring 100% equity and all debts to a related party for a total of 527 million yuan, with the equity transfer valued at 235 million yuan and the debt at 292 million yuan [2]. - The final sale price for Huizhou Sheraton Hotel was approximately 275 million yuan, significantly lower than its previous listing price of 760 million yuan [2]. Leadership and Strategic Direction - Under the leadership of Chairman Yang Yang, who took office in September 2023, the company has faced substantial losses, totaling over 14 billion yuan in the past two years [3]. - Yang Yang has a long history with the company, having joined in 1992, and is expected to navigate the firm through the current downturn in the real estate sector [3]. - The company plans to enhance its real estate development operations, focusing on sales management and project investment that aligns with its strategic goals [4]. Operational Adjustments - The asset management division will adjust its leasing strategies based on market conditions and improve property management services to stabilize occupancy rates [5]. - There is an emphasis on revitalizing existing projects and enhancing resource integration capabilities to explore new profit avenues [5].

Core Viewpoint - Financial Street, a well-established real estate company, continues to face significant pressure on its performance, with a substantial decline in revenue and ongoing losses in the first half of 2025 [1][6] Financial Performance - The company reported a revenue of 4.655 billion yuan, a year-on-year decrease of 51.79% [2][3] - The net profit attributable to shareholders was -1.008 billion yuan, showing a reduction in losses by 49.20% compared to the previous year [2][3] - The net profit after deducting non-recurring gains and losses was -881 million yuan, a 56.02% improvement from the previous year [2] - The basic and diluted earnings per share were both -0.34 yuan, an increase of 48.48% in loss reduction [2] - Total assets decreased by 5.17% to 115.35 billion yuan, while net assets attributable to shareholders fell by 4.01% to 23.89 billion yuan [2] Business Segments - The primary revenue source remains real estate development, accounting for 77.8% of total revenue, with a significant decline in this segment's revenue by 57.42% to 3.624 billion yuan [3][4] - Property leasing revenue was 776 million yuan, down 9.99%, but maintained a high gross margin of 85.93% [4] - Property management revenue reached 183 million yuan, benefiting from the transfer of hotel properties, with a gross margin increase of 15.05 percentage points to 38.34% [4] Strategic Initiatives - The company is focusing on accelerating sales and enhancing operational capabilities in asset management, while also emphasizing cultural tourism and urban renewal as part of its transformation strategy [1][5] - Financial Street aims to optimize its sales management model and adapt to market dynamics to improve project sales [3][5] Historical Context and Challenges - Once a leading profit-maker among Beijing's real estate firms, Financial Street has faced increasing debt pressures and declining profits since its aggressive expansion from 2017 to 2020 [6][7] - The company's net profit has seen a drastic decline from 24.98 billion yuan in 2020 to -110.84 billion yuan in 2024, with year-on-year declines ranging from 27.41% to 469.69% [6] - In response to financial pressures, the company has sold several core assets to stabilize its operations while still holding valuable properties in major cities [7]