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。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 海外監管公告 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條刊發。 根據中華人民共和國的有關法例規定，廣發証券股份有限公司（「本公司」）在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2026年面向專 業投資者公開發行短期公司債券（第三期）募集說明書》。茲載列如下，僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國，廣州 2026年3月9日 於本公告日期，本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生；非執行董事李秀林先生、尚書志先生及郭敬誼先生；獨立非 執行董事梁碩玲女士、黎文靖先生、張闖先生及王大樹先生。 （住所：广东省广州市黄埔区中新广州知识城腾飞一街 2 ...

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。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 海外監管公告 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條刊發。 根據中華人民共和國的有關法例規定，廣發証券股份有限公司（「本公司」）在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2026年面向專 業投資者公開發行短期公司債券（第三期）發行公告》。茲載列如下，僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國，廣州 2026年3月9日 於本公告日期，本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生；非執行董事李秀林先生、尚書志先生及郭敬誼先生；獨立非 執行董事梁碩玲女士、黎文靖先生、張闖先生及王大樹先生。 广发证券股份有限公司2026年面向专业投资者公开 发行短 ...

（住所：广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） （股票简称：广发证券；股票代码：000776.SZ、1776.HK） 2026 年面向专业投资者公开发行短期公司债券（第三期） 募集说明书 | 发行人： | 广发证券股份有限公司 | | --- | --- | | 牵头主承销商、受托管理人： | 华泰联合证券有限责任公司 | | 簿记管理人： | 招商证券股份有限公司 | | 联席主承销商： | 招商证券股份有限公司、平安证券股份有限公司 | | 发行金额： | 不超过人民币 70 亿元（含） | | 增信措施情况： | 无担保 | | 信用评级结果： | 主体评级：AAA；评级展望：稳定；债项评级：A-1 | | 信用评级机构： | 中诚信国际信用评级有限责任公司 | 牵头主承销商/债券受托管理人 （住所：深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 联席主承销商/簿记管理人 本募集说明书依据《中华人民共和国公司法》《中华人民共和国证券法》（2019 年修 订）《公司债券发行与交易管理办法》（2023 年修订）《深圳证券交易所公司债券发行上 市审 ...

广发证券股份有限公司2026年面向专业投资者公开 发行短期公司债券（第三期） 发行公告 发行人 联席主承销商/簿记管理人 （住所：深圳市福田区福田街道福华一路 111 号） 联席主承销商 （深圳市福田区福田街道益田路 5023 号平安金融中心 B 座第 22-25 层） 签署日期： 年 月 日 （住所：广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） 牵头主承销商/债券受托管理人 （住所：深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 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。 5、本期债券发行结束后，发行人将尽快向深圳证券交易所提出关于本期债券上市交 易的申请。本期债券符合在深圳证券交易所的上市条件，交易方式包括：匹配成交、协商 成交、点击成交、询价成交、竞买成交。但由于具体上市审批或核准事宜需要在本期债券 发行结束后方能进行，发行人目前无法保证本期债券一定能够按照预期在深圳证券交易 所上市，若届时本期债券无法进行上市交易，投资者有权选择在上市前将本期债券回售 予发行人。发行人亦无法保证本期债券会在债券 ...

广发证券股份有限公司 2026 年面向专业投资者公开发行 短期公司债券（第三期）信用评级报告 中诚信国际信用评级有限责任公司 | 编号：CCXI-20260554D-01 广发证券股份有限公司 2026 年面向专业投资者公开发行 短期公司债券（第三期）信用评级报告 声 明 跟踪评级安排 中诚信国际信用评级有限责任公司 2026 年 3 月 2 日 2 ⚫ 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 ⚫ 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 ⚫ 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 ⚫ 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 ⚫ 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策 ...

Summary of Key Points Core Viewpoint - Geopolitical conflicts are causing short-term risk premiums, but the A-share market shows resilience, with a mid-term focus returning to fundamentals and policy direction [1][5]. Government Work Report - The economic growth target for this year is set at 4.5%-5%, with a focus on quality growth rather than aggressive stimulus. Other targets include an urban unemployment rate of around 5.5%, over 12 million new urban jobs, and a consumer price increase of about 2% [3]. Equity Market - A-share market resilience is noted despite geopolitical tensions, with a focus on the impact of oil prices and inflation. The long-term drivers for A-share growth include the restructuring of international order and industrial innovation [5][6]. - The technology growth sector is expected to dominate the market, with structural opportunities continuing to emerge despite short-term volatility [6][7]. - By 2026, a convergence of new and old asset markets is anticipated, with technology assets showing significant mid-term potential [7]. Industry Research - The military industry is highlighted as having long-term investment value, with a notable increase in the military index by 27.40% over the past six months [12]. - The escalation of the Middle East situation is expected to benefit the metals and chemicals sectors, with a focus on self-sufficient resource companies [12]. - A significant turning point for oil prices is projected around 2026, influenced by structural declines in U.S. shale oil production and geopolitical tensions [13]. Macro and Fixed Income - Real estate prices in major cities are expected to stabilize, with inventory levels indicating a natural bottoming out [19]. - A credit downshift strategy remains favorable, with a focus on structural opportunities in the current "asset shortage" environment [20]. - The bond market is anticipated to recover, supported by a stable liquidity environment and reduced government bond supply pressure [21]. Asset Allocation - The HALO strategy emphasizes six asset categories, focusing on heavy assets with low elimination risk, such as industrial metals and energy sectors, as potential safe havens [23].

Report Summary 1. Industry Investment Rating No industry investment rating information is provided in the report. 2. Core View The report regularly tracks the latest private exchangeable bond (private EB) projects from public channels, providing basic element tracking for private exchangeable bond projects. It emphasizes that the private issuance terms and processes may change, and the final prospectus should be referred to. For the issuance progress, inquiries should be made with the relevant lead underwriters [1]. 3. Weekly New Project Information - **HuaBang Life Science Co., Ltd.**: In 2026, the project of privately issuing science - and - technology innovation exchangeable corporate bonds to professional investors was approved by the exchange. The proposed issuance scale is 1 billion yuan, the underlying stock is Kaisheng New Materials (301069.SZ), the lead underwriters are Huatai United and Southwest Securities, and the exchange update date is March 3, 2026 [1]. - **Liaoning Chengda Co., Ltd.**: In 2026, the project of privately issuing exchangeable corporate bonds to professional investors was accepted by the exchange. The proposed issuance scale is 4 billion yuan, the underlying stock is GF Securities (000776.SZ), the lead underwriter is CITIC Construction Securities, and the exchange update date is March 4, 2026 [1]. 4. Table of Private EB Weekly Tracking (2026 - 3 - 6) The table lists information on multiple private exchangeable bond projects, including bond names, lead underwriters, scales, underlying stocks, project statuses, and update dates. Projects are in different statuses such as "Passed", "Feedback Received", and "Accepted" [3].

Investment Rating - The report assigns an "Accumulate" rating for the investment banking and brokerage industry [4]. Core Insights - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, emphasized the importance of enhancing the inclusiveness and adaptability of the capital market system and deepening investment and financing reforms, which are expected to stabilize market confidence and boost trading sentiment [2][3]. - The report highlights that improving the capital market's ability to serve technological innovation will benefit the investment banking business of brokerages [2][3]. Summary by Sections Investment Highlights - The report discusses the CSRC's focus on risk prevention, strong regulation, and promoting high-quality development in the capital market, outlining the main directions for the "14th Five-Year Plan" period [4]. - Key reforms include optimizing the refinancing mechanism and deepening the reforms of the ChiNext board, with measures such as enhancing the inclusiveness of the system and supporting the development of new industries and technologies [4]. - The report also mentions the need for improved regulatory frameworks for securities and fund management, aiming to guide institutions to focus on their core businesses and ensure compliance [4]. Recommendations - The report recommends specific brokerages, namely Industrial Securities and GF Securities, as favorable investment options based on the outlined reforms and market conditions [4].

Investment Rating - The report maintains an "Overweight" rating for both the banking and securities sectors [6]. Core Insights - The government is expected to implement a combination of monetary easing and proactive fiscal policies, including a potential reduction in reserve requirements and interest rates, which will support credit expansion [2][3]. - A special government bond issuance of 300 billion yuan is planned to bolster the capital of major state-owned banks, enhancing their ability to support the real economy [3]. - The report emphasizes the importance of optimizing refinancing mechanisms and expanding the capital supply channels for banks, particularly through market-driven approaches [3][4]. Summary by Sections Banking Sector - The report highlights the issuance of 300 billion yuan in special government bonds to support capital replenishment for major banks, which is expected to improve their core Tier 1 capital adequacy ratio by approximately 0.54 to 0.61 percentage points [3]. - Recommended banks include Ningbo Bank, Nanjing Bank, and Chengdu Bank, which are noted for their strong dividend yields and solid fundamentals [7][9]. Securities Sector - The report identifies several securities firms with significant growth potential, including CITIC Securities, Guotai Junan, and GF Securities, all rated as "Buy" [7][9]. - The report anticipates a recovery in investment banking activities driven by improved market conditions and the introduction of more inclusive listing standards for the ChiNext board [5][9]. Policy and Market Environment - The report outlines a favorable policy environment with a focus on enhancing the capital market's financing capabilities and supporting technological innovation through financial services [4][10]. - It also notes the expected increase in social capital inflow into high-quality technology enterprises, which will further stimulate investment banking activities [4].

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。 GF SECURITIES CO., LTD. 廣發証券股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1776） 海外監管公告 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條刊發。 根據中華人民共和國的有關法例規定，廣發証券股份有限公司（「本公司」）在深圳 證券交易所網站( http://www.szse.cn )刊發的《廣發証券股份有限公司2026年面向專 業投資者公開發行公司債券（第一期）發行結果公告》。茲載列如下，僅供參閱。 承董事會命 廣發証券股份有限公司 林傳輝 董事長 中國，廣州 2026年3月6日 於本公告日期，本公司董事會成員包括執行董事林傳輝先生、秦力先生、孫曉燕 女士及肖雪生先生；非執行董事李秀林先生、尚書志先生及郭敬誼先生；獨立非 執行董事梁碩玲女士、黎文靖先生、張闖先生及王大樹先生。 证券代码：524677 证券简称：26 广发 02 证券 ...