求； | （2）特别表决权股份是否出现《创业板股 | | | | --- | --- | --- | | 票上市规则》第4.4.8条规定的情形并及时转 | 不适用 | | | 换为普通股份； | | | | （3）特别表决权比例是否持续符合《创业 | | | | 不适用 | | | | 板股票上市规则》的规定； | | | | （4）持有特别表决权股份的股东是否存在 | 不适用 | | | 滥用特别表决权或者其他损害投资者合法权 | | | | 益的情形； | | | | （5）上市公司及持有特别表决权股份的股 | | | | 东遵守《创业板股票上市规则》第四章第四 | 不适用 | | | 节其他规定的情况。 | | | | 二、保荐机构发现公司存在的问题及采取的措施 | | | | 事项 存在的问题 | 采取的措施 | | | 资、委托理财、财务资助、套期保值等） | 无 | 不适用 | | 工作的情况 无 | 不适用 | | | 管理状况、核心技术等方面的重大变化情况） | 无 | 不适用 | | 三、公司及股东承诺事项履行情况 | | | | 公司及股东承诺事项 是否履行承诺 | 未履行承诺的原因及解决 ...

Market Overview - The A-share market experienced a sudden decline in the afternoon, with the Shanghai Composite Index dropping over 0.2% before recovering slightly, while the Shenzhen Component and ChiNext indices fell [2] - The trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the first time this year, marking the seventh consecutive trading day of such volume [2] Sector Performance - Securities stocks collectively faced a pullback, with notable declines including Changcheng Securities down over 6% and Hato Securities down over 5% [2][3] - Several high-priced stocks hit the daily limit down, including Lianhuan Pharmaceutical and Zhongdian Xindong, with others like Shunlian Bio and Sainuo Medical dropping over 8% [4] Banking Sector - In contrast, bank stocks showed strength in the afternoon, with Agricultural Bank of China and Postal Savings Bank reaching new historical highs during the session [2] Hong Kong Market - The Hang Seng Index fell over 0.5%, and the Hang Seng Tech Index dropped more than 1% [6] - AAC Technologies Holdings (02018.HK) saw a rapid decline of over 14% following the release of its interim results, despite reporting a revenue of 13.32 billion yuan, a year-on-year increase of 18.4% [6][8] Company Performance - AAC Technologies reported a gross margin of 20.7%, down 0.8 percentage points year-on-year, attributed to changes in product mix, while net profit attributable to shareholders increased by 63.1% to 876 million yuan due to improved profitability in optical business and rapid growth in precision structural components [8] - CICC noted that the overall valuation level of A-shares remains reasonable, but the rapid increase in trading volume may lead to short-term volatility [8]

证券简称：第一创业 证券代码：002797 公告编号：2025-048 债券简称：21 一创 02 债券代码：149612 特别提示： 第一创业证券股份有限公司 2021 年面向专业投资者公开发行公司债券（第 一期）（品种二）（简称"21 一创 02""本期债券"，债券代码：149612）本次付 息的债权登记日为 2025 年 8 月 22 日，凡在 2025 年 8 月 22 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 8 月 22 日卖出本期债券的投 资者不享有本次派发的利息。 第一创业证券股份有限公司（以下简称"本公司"）于 2021 年 8 月 25 日完 成发行的"21 一创 02"将于 2025 年 8 月 25 日支付 2024 年 8 月 25 日至 2025 年 8 月 24 日期间的利息，本期债券发行价格 100 元/张，票面利率 3.80%，每手（面 值 1,000.00 元）派息金额 38.00 元。根据"21 一创 02"募集说明书和上市公告 书的相关规定，本期债券将进行付息，现将有关事项公告如下： 一、本期债券基本情况 1、债券名称：第一创业证券股份有限 ...

Core Viewpoint - The introduction of T0 algorithm services by multiple brokerage firms reflects a shift in quantitative trading from institutional exclusivity to retail market accessibility, potentially becoming a standard tool for brokers to attract clients [1][2] Group 1: Industry Trends - Numerous brokerage firms have launched T0 algorithm services this year, integrating AI technology and quantitative trading capabilities into their apps, which enhances financial technology accessibility for individual investors and creates new revenue growth opportunities for the firms [1] - The number of brokerage firms supporting T0 algorithm services has been increasing, with over twenty firms, including Guangfa Securities and Dongfang Securities, now offering such services [1] - The T0 algorithm is an automated trading tool based on AI quantitative models, designed to analyze market data in real-time and execute high-frequency trades to capture intraday price fluctuations while maintaining the investor's end-of-day net position [1] Group 2: Market Dynamics - The rise of T0 algorithm services is a response to the declining commission rates in the brokerage industry and the need for firms to explore new revenue streams amid a favorable A-share market environment [2] - The introduction of T0 services is expected to enhance trading volume and commission income, increase customer loyalty, and promote the development of related services such as intelligent investment advisory [2] - The advancement of financial technology has reduced the technical costs for brokerage firms, facilitating the promotion of specialized trading tools [2] Group 3: Investor Considerations - T0 algorithm services require a certain level of expertise from investors, making them suitable for those with trading experience and a basic understanding of technical analysis or quantitative models [3] - Investors must assess the compatibility of the T0 tool with their investment philosophy and strategy, and be aware that using automated trading tools does not guarantee profits [3] - The T0 algorithm service is not recommended for novice investors or those with low-risk tolerance, as it is more suited for medium to long-term investors [3][4] Group 4: Access Requirements - Most brokerage firms have set entry thresholds for T0 algorithm services, such as requiring a minimum average asset of 500,000 yuan in the investor's account over the first ten trading days [4] - The T0 trading tool is designed for clients classified as C4 (active) or higher [4]

Group 1 - The A-share market has seen strong performance in brokerage stocks, with notable gains in several companies [1] - Changcheng Securities and Tianfeng Securities reached the daily limit increase, while Zhongyin Securities rose over 6% [1] - Other companies such as Xiangcai Co., Jinlong Co., and several others also experienced significant increases, with gains exceeding 3% [1] Group 2 - Changcheng Securities reported a rise of 10.04%, with a total market value of 48.7 billion and a year-to-date increase of 48.57% [2] - Tianfeng Securities increased by 9.92%, with a market capitalization of 56.2 billion and a year-to-date growth of 23.66% [2] - Zhongyin Securities saw a 6.28% rise, with a market value of 49.4 billion and a year-to-date increase of 59.32% [2] - Xiangcai Co. rose by 5.07%, with a market capitalization of 33.2 billion and a year-to-date increase of 61.11% [2] - Jinlong Co. increased by 4.41%, with a market value of 13.6 billion and a year-to-date growth of 0.26% [2] - Other notable increases include Pacific Securities (3.92%), GF Securities (3.38%), and Dongwu Securities (3.25%) [2]

Group 1 - The A-share market has seen a strong performance in brokerage stocks, with notable gains in several companies including Changcheng Securities and Tianfeng Securities reaching the daily limit [1] - Changcheng Securities and Tianfeng Securities reported increases of 10.04% and 9.92% respectively, while Zhongyin Securities rose by over 6% [1][2] - Other brokerage firms such as Xiangcai Securities, Jinlong Co., and Pacific Securities also experienced significant gains, with increases ranging from 3% to over 5% [1][2] Group 2 - The total market capitalization of Changcheng Securities is 48.7 billion, with a year-to-date increase of 48.57% [2] - Tianfeng Securities has a market cap of 56.2 billion and a year-to-date increase of 23.66% [2] - Zhongyin Securities has a market cap of 49.4 billion and has seen a year-to-date increase of 59.32% [2]

Group 1 - The company, Wanjia Fund Management Co., Ltd., has signed sales agreements with multiple securities firms to sell the Wanjia Qicheng Balanced Three-Month Holding Period Mixed Fund of Funds (FOF) starting from August 14, 2025 [1][4] - The fund will be publicly offered from August 14 to August 27, 2025, through designated sales institutions, allowing investors to open accounts and subscribe [1][4] - Investors can consult various securities firms for details regarding the fund, including customer service numbers and websites [1][2][3] Group 2 - The company announced a suspension of large-scale subscriptions for the Wanjia Nasdaq 100 Index Fund (QDII) starting August 14, 2025, with the limit for single-day subscriptions reduced from 100,000 yuan to 500 yuan [5][6] - During the suspension of large-scale subscriptions, other operations such as redemptions will continue as normal [6] - The total scale limit of 800 million yuan for the fund has been removed, effective from August 14, 2025 [6]

上市券商2021年年报正在披露中，其子公司的"战绩"也陆续亮相。其中，总会看到不少"抢风头"的 子公司，部分券商子公司一年的净利润已经大幅超越不少上市公司。 目前，至少有46家券商全资子公司2021年的净利润均超1亿元，其中，海通证券全资子公司海通开 元投资暂列第一。同时，券商参控股公募基金公司方面，有5家券商系公募基金对券商净利润的贡献超 10%。 46家上市券商 全资子公司净利均超1亿元 近年来，证券业高质量发展迎来重要机遇期，子公司的发展是重要一环。《证券日报》记者结合 Wind数据及年报不完全统计，至少有46家券商全资子公司2021年的净利润均超1亿元，其中有8家全资 子公司的净利润均超10亿元。海通证券全资子公司海通开元投资以25.53亿元的净利润暂列第一；中信 证券全资子公司中信证券投资实现净利润24.12亿元，暂列第二；来自海通证券旗下的海通创新以16.83 亿元的净利润暂列第三。第四位至第八位分别是华泰国际、华泰资管、广发乾和、国泰君安金融控股、 招商证券投资。 目前，在26家已披露2021年年报的上市券商中，净利润超过10亿元的共有19家。也就是说，有7家 券商的净利润"不如"这些券商子公司 ...

Group 1 - The core point of the article indicates that First Entrepreneurship has seen a continuous decline in the number of shareholders, with a total of 260,451 shareholders as of August 10, which is a decrease of 1,471 shareholders compared to the previous period (July 31), representing a month-over-month decline of 0.56% [2] - This marks the third consecutive period of decline in the number of shareholders, with a cumulative decrease of 6.01%, suggesting a trend of increasing concentration of shares [2] - The latest stock price of First Entrepreneurship is reported at 7.44 yuan, reflecting an increase of 1.22%, and since the concentration of shares began, the stock price has cumulatively risen by 1.22% [2] Group 2 - According to margin trading data, as of August 8, the total margin balance for the stock is 2.257 billion yuan, with a financing balance of 2.242 billion yuan [2] - The decrease in the number of shareholders has coincided with an increase in the financing balance, which has risen by a total of 202 million yuan, representing a growth of 9.91% [2]

从新任高管的背景来看，他们多具备丰富的跨行业从业经验。公开信息显示，财通证券即将迎来的新任 总经理应朝晖具备丰富的国资企业管理经验，曾任浙江农商联合银行副行长、浙江省担保集团有限公司 董事长。国投证券新任董事长王苏望曾任中国建设银行莆田市分行储蓄所主任、中信证券投资银行部职 员、招商证券投资银行总部战略客户部总经理、国投证券金融衍生品部总经理等职位。 原标题：多家券商高管"换新" 复合业务背景、市场化招聘成标配 当前，证券行业正加速转向高质量发展，日趋激烈的行业竞争为券商带来了新的机遇与挑战，也向各家 券商的"掌舵人"提出了更高的要求。 近期，证券行业高管密集变动，人才"新陈代谢"不断加速。其中，复合职业背景的高管人才受到青睐， 同时，市场化招聘成为多家券商的人才选拔方式，折射出行业人才生态的进一步优化。 近期，证券行业高管密集变动。8月1日，信达证券公告披露，因工作调整，祝瑞敏辞去公司董事、总经 理职务。7月21日，第一创业发布公告称，吴礼顺因工作调动辞去公司第五届董事会董事长、董事、战 略与可持续发展委员会主任委员职务。7月18日，长城证券披露，李翔因个人原因申请辞去公司总裁、 财务负责人职务。7月4日， ...