（以下无正文） 1 (本页无正文,为《关于延长长江证券股份有限公司 2025年面向专业投资者公 开发行公司债券（第三期）簿记建档时间的公告》之盖章页 ) 关于延长长江证券股份有限公司 2025 年面向专业投资者公开 发行公司债券（第三期）簿记建档时间的公告 长江证券股份有限公司（以下简称"发行人"或"公司"）面向专业机构投 资者公开发行面值不超过 200 亿元的公司债券已获得中国证券监督管理委员会 "证监许可〔2025〕2145 号"文同意注册。 根据《长江证券股份有限公司 2025 年面向专业投资者公开发行公司债券（第 三期）发行公告》，发行人及簿记管理人原定于 2025 年 10 月 23 日 15:00 至 18:00 以簿记建档的方式向网下投资者进行利率询价，并根据簿记建档结果在预设的利 率区间内确定本期债券的最终票面利率。 因簿记建档当日债券市场变化较为剧烈，经发行人、簿记管理人、主承销商 及全体投资人协商一致，现将簿记建档结束时间由 2025 年 10 月 23 日 18:00 延 长至 2025 年 10 月 23 日 19:00。 特此公告。 （本页无正文，为《关于延长长江证券股份有限公司 2 ...

Core Viewpoint - The China Securities 500 Growth ETF (159606) experienced a decline of 0.80% as of the midday close on October 23, with a trading volume of 2.9846 million yuan [1] Group 1: ETF Performance - The China Securities 500 Growth ETF (159606) closed at 1.114 yuan, with a year-to-date return of 12.32% since its inception on December 17, 2021 [1] - The ETF has shown a negative return of -0.69% over the past month [1] Group 2: Major Holdings Performance - Major holdings in the ETF include Dongwu Securities, which fell by 0.11%, and Kaiying Network, which decreased by 0.99% [1] - Other notable declines include Huagong Technology down 4.73%, Hengxuan Technology down 2.41%, and Huitai Medical down 1.59% [1] - Conversely, Tianshan Aluminum saw an increase of 3.17%, and Shunluo Electronics rose by 3.21% [1]

- The report discusses the seasonal characteristics of the A-share market in Q4, highlighting a tendency for slight upward movement driven by year-end policy signals and marginal improvements in the funding environment[65][66][55] - Large-cap stocks, represented by the CSI 300 index, typically outperform small-cap stocks in Q4 due to their defensive attributes and institutional fund reallocation preferences. Historical data shows a CSI 300 win rate of 61% and median return of 1.63%, compared to the CSI 1000's win rate of 39% and median return of -1.60%[19][20][27] - Micro-cap stocks exhibit strong resilience in Q4, with a win rate of 78% and median return of 7.35%. This performance is attributed to factors such as liquidity preferences post-holiday and supportive policies for small and micro enterprises[29][30][33] - Growth and dividend styles show distinct characteristics in Q4. Growth stocks often face volatility due to profit-taking and valuation rebalancing, while dividend stocks demonstrate stability with a win rate of 56% and median return of 0.87%[35][38][40] - Industry rankings experience significant shifts in Q4, with most leading industries from the first three quarters dropping in rank, while new leaders emerge due to policy catalysts or valuation adjustments. Stable industries typically benefit from consistent policy support, solid fundamentals, and uninterrupted fund allocation[44][48][50]

| 发行人: | 长江证券股份有限公司 | | --- | --- | | 牵头主承销商: | 中精证券股份有限公司 | | 联席主承销商: | 中信建投证券股份有限公司、华泰联合证券有限责任公 司、长江证券承销保荐有限公司 | | 受托管理人: | 华泰联合证券有限责任公司 | | 注册金额: | 200 亿元 | | 发行金额 | 不超过 40 亿元(含) | | 增信措施情况: | 无 | | 信用评级结果: | 主体评级 AAA | | 信用评级机构: | 联合资信评估股份有限公司 | 二十 长江证券股份有限公司2025年面向专业投资者公开发行公司债券（第三期）募集说明书 声 明 发行人将及时、公平地履行信息披露义务。发行人及其全体董事、监事、高 级管理人员或履行同等职责的人员保证募集说明书信息披露的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏。主承销商已对募集说明书进行了核查， 确认不存在虚假记载、误导性陈述和重大遗漏，并对其真实性、准确性和完整性 承担相应的法律责任。 发行人承诺在本期债券发行环节，不直接或者间接认购自己发行的债券。债 券发行的利率或者价格应当以询价、协议定价等方式确定 ...

长江证券股份有限公司 2025 年面向专业投资者公开发行公司债券更名公告 2025 年 9 月 24 日，根据中国证监会"证监许可〔2025〕2145 号"文件同意 了长江证券股份有限公司 2025 年面向专业投资者公开发行公司债券（以下简称 "本次债券"）的发行申请。 本次债券申报时命名为"长江证券股份有限公司 2025 年面向专业投资者公 开发行公司债券"，鉴于本次债券采用分期发行的方式，按照公司债券命名惯例， 征得主管部门同意，本次发行人拟发行的规模不超过人民币 40 亿元的公司债券 名称确定为"长江证券股份有限公司 2025 年面向专业投资者公开发行公司债券 （第三期）"（以下简称"本期债券"）。 本期债券名称变更不改变原签订的与本次公司债券发行相关的法律文件效 力，原签署的相关法律文件对更名后的公司债券继续具有法律效力。前述法律文 件包括但不限于：《关于长江证券股份有限公司 2025 年面向专业投资者公开发行 公司债券之承销协议》及其补充协议、《国浩律师（上海）事务所关于长江证券 股份有限公司 2025 年面向专业投资者公开发行公司债券之法律意见书》等文件。 特此说明。 （以下无正文） 1 2025 ...

长江证券股份有限公司 2025 年跟踪评级报告 www.lhratings.com 1 联合〔2025〕4232 号 联合资信评估股份有限公司通过对长江证券股份有限公司及其 相关债券的信用状况进行跟踪分析和评估，确定维持长江证券股份 有限公司主体长期信用等级为 AAA，维持"21 长江 03""22 长江 02""22 长江 03""22 长江 04""23 长江 02""23 长江 03""23 长江 04""23 长江 05""23 长江 06""24 长江 01""24 长江 02""24 长江 03""25 长江 01"信用等级为 AAA，上调"23 长江 C1""23 长江 Y1""24 长江 Y1""25 长江 Y1"信用等级为 AAA，评级展望为稳 定。 特此公告 评级总监： 二〇二五年六月二十七日 跟踪评级报告 | 2 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日 的独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合 资信基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对 象的事实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵 循了真实、 ...

股票简称：长江证券 股票代码：000783 （广东省深圳市福田区中心三路8号卓越时代广场（二期）北座） 联席主承销商 联席主承销商、债券受托管理人 联席主承销商 （北京市朝阳区安立路66号4 号楼） 长江证券股份有限公司 （住所：湖北省武汉市江汉区淮海路88号） 2025年面向专业投资者公开发行公司债券（第三期） 发行公告 牵头主承销商、簿记管理人 （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） （中国（上海）自由贸易 试验区世纪大道1198号28 层） 签署日期：二〇二五年十月二十日 发行人及其全体董事、监事、高级管理人员或履行同等职责的人员保证公告 内容真实、准确和完整。 重要事项提示 1.长江证券股份有限公司（以下简称"发行人"或"公司"）已于 2025 年 9 月 24 日获得中国证券监督管理委员会"证监许可〔2025〕2145 号"文注册公开发行面 值不超过 200 亿元（含）的公司债券（以下简称"本次债券"）。 本次债券采取分期发行的方式，本期债券为本次债券批文项下第一次发行。 2.本期债券发行规模为不超过人民币 40.00 亿元（含），品种一简称为"25 长 江 ...

Core Insights - Wuhan's Jianghan District has become a financial hub in Central China, focusing on serving the real economy and supporting technological innovation, aligning with national financial strategies [1][2][4] - The district hosts nearly 600 financial institutions, with significant growth in financial value added and tax revenue, indicating a robust financial ecosystem [1][4] - The introduction of customized services and support for enterprises has led to the successful establishment of major financial technology firms, such as Hang Seng Electronics [2][5] Financial Ecosystem Development - Jianghan District has attracted various financial institutions, including 93 headquarters of provincial and municipal financial organizations, contributing to a financial value added growth rate of approximately 5.3% in the first half of 2025 [1] - The district's financial tax revenue increased by 9.23% year-on-year from January to September 2025, outpacing the growth of financial value added [1] - Wuhan Financial Street Management Committee has implemented a "7×24 hours online" service model to facilitate the establishment of financial technology companies [2] Corporate Growth and Innovation - Hang Seng Electronics has established its second national headquarters in Wuhan, achieving over 300 million yuan in revenue and expanding its workforce to over 700 employees within a year [2] - The company aims to reach a total revenue of 500 million yuan and a workforce of 1,200 by 2026, positioning itself as a comprehensive financial technology hub [2] - Wuhan Jin控 has become the first municipal state-owned enterprise in the city to surpass 100 billion yuan in revenue, establishing multiple subsidiaries focused on various sectors, including artificial intelligence and new materials [4] Financial Services and Support - The district has developed a "1+2+3" technology financial service ecosystem, enhancing access to financing for technology enterprises through innovative assessment models and credit systems [7] - Over 4 billion yuan in financing has been facilitated for small and micro enterprises, with various financial products introduced to support their growth [7][8] - The establishment of the "Hubei Capital Market Cultivation Base" aims to support the incubation and financing of technology enterprises, enhancing collaboration between startups and investment institutions [10] Future Outlook - Jianghan District plans to continue enhancing its financial ecosystem by focusing on precise investment attraction, technological empowerment, and enterprise services [10] - The district aims to become a fertile ground for enterprise growth and a highland for business development, contributing significantly to Wuhan's financial strength [10]

Group 1 - The three major indices opened lower, with the CSI All Share Securities Companies Index down 0.76% as of the report time, while individual stocks like Zhongyuan Securities rose over 1% and Guosen Securities, Tianfeng Securities fell over 3% [1] - The Broker ETF (159842) also saw a decline of 0.68%, with a trading volume exceeding 15 million yuan and a premium rate of 0.05%, indicating frequent premium trading at the beginning of the session [1] - In terms of capital flow, the Broker ETF (159842) recorded net inflows for 9 out of the last 10 trading days, accumulating over 1.1 billion yuan [1] Group 2 - Several securities firms are distributing a new round of mid-term dividends, with Huaxin Securities announcing a total dividend of 41.3751 million yuan on October 21 [1] - From October 22 to 28, eight securities firms including GF Securities and Dongfang Securities are set to distribute a total of 5.2 billion yuan in mid-term dividends, contributing to a total of over 18 billion yuan in mid-term dividends planned by 29 securities firms this year [1] - According to Founder Securities, the recovery trend of the brokerage sector's fundamentals is clear in a high trading environment, with a divergence between performance growth and valuation, indicating ample room for valuation adjustments [2]

Market Overview - On October 21, the securities sector rose by 0.89% compared to the previous trading day, with Tianfeng Securities leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Individual Stock Performance - Tianfeng Securities (601162) closed at 5.38, with a gain of 5.70% and a trading volume of 9.26 million shares, amounting to a turnover of 5.017 billion [1] - Guosheng Financial Holdings (002670) closed at 21.94, up 3.10%, with a trading volume of 1.0592 million shares [1] - Changjiang Securities (000783) closed at 8.45, increasing by 2.67%, with a trading volume of 1.5026 million shares [1] - Dongfang Fortune (300059) closed at 25.36, up 1.36%, with a trading volume of 2.9742 million shares, resulting in a turnover of 7.531 billion [1] Capital Flow Analysis - The net inflow of main funds in the securities sector was 1.436 billion, while retail funds experienced a net outflow of 0.607 billion [2][3] - Tianfeng Securities saw a net inflow of 1.18 billion from main funds, but a net outflow of 0.655 billion from retail investors [3] - Dongfang Fortune had a net inflow of 294 million from main funds, with retail investors experiencing a net outflow of 130 million [3]