Group 1 - The stock of Reco Defense fell by 9.99% today [1] - In the after-hours trading, the net selling from China Galaxy Dalian Huanghe Road amounted to 358 million yuan [1] - The net selling from the Shenzhen Stock Connect reached 273 million yuan [1] - The leisure sector seats recorded a net selling of 175 million yuan [1]

Group 1 - The core point of the article is that Goldwind Technology experienced a significant drop in stock price, falling by 10.01% with a trading volume of 5.477 billion yuan and a turnover rate of 5.37% [1] Group 2 - The post-market data shows that the Shenzhen Stock Connect special seat bought 64.818 million yuan and sold 165 million yuan, indicating a net selling position [1] - One institutional special seat had a net purchase of 8.2364 million yuan, while another institutional special seat had a net sale of 115 million yuan [1] - China Galaxy's Dalian Huanghe Road had a net sale of 192 million yuan, and Guoyuan Securities' Shanghai Hongqiao Road also had a net sale of 192 million yuan [1]

Core Viewpoint - China Galaxy Securities experienced a decline in stock price and trading volume, with a total market capitalization of 171.23 billion yuan as of January 15. The company has seen a year-to-date stock price decrease of 0.38% and a significant drop of 11.70% over the past 60 days [1]. Financial Performance - For the period from January to September 2025, China Galaxy reported operating revenue of 22.751 billion yuan, a year-on-year decrease of 16.01%. However, the net profit attributable to shareholders increased by 57.51% to 10.968 billion yuan [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for China Galaxy was 125,100, a decrease of 8.14% from the previous period. The average number of circulating shares per shareholder increased by 8.67% to 58,180 shares [2]. Dividend Distribution - Since its A-share listing, China Galaxy has distributed a total of 19.860 billion yuan in dividends, with 9.166 billion yuan distributed over the past three years [3]. Institutional Holdings - Among the top ten circulating shareholders as of September 30, 2025, Hong Kong Central Clearing Limited held 140 million shares, a decrease of 45.8192 million shares from the previous period. China Securities Finance Corporation remained stable with 84.0782 million shares, while other ETFs saw varying changes in their holdings [3].

Core Viewpoint - The Hainan Free Trade Port is entering a new development stage, playing a crucial role in China's higher-level opening-up, with China Galaxy Securities committed to supporting its construction through comprehensive financial services [1]. Group 1: Company Achievements - China Galaxy Securities has achieved nearly double growth in total and net assets during the 14th Five-Year Plan period, aiming for its best performance since establishment by 2025, laying a solid foundation for serving the real economy [3]. - The company has made significant progress in participating in the construction of the Hainan Free Trade Port, including building platforms for international collaboration and enhancing cross-border financial services [4]. Group 2: Financial Initiatives - China Galaxy Securities, in collaboration with Hainan Financial Group, established a mother fund for the construction of the Free Trade Port with an initial scale of 10 billion yuan, which has grown to a cumulative scale of 20.9 billion yuan, with plans to expand to 20 billion yuan [4]. - The company has assisted the Hainan provincial government in issuing offshore RMB local government bonds totaling 13 billion yuan and supported local enterprises in issuing USD bonds, thereby broadening financing channels and optimizing resource allocation [4]. Group 3: Innovation and Sustainability - The company has provided research support for the internationalization of Hainan's carbon market through the Galaxy International Carbon Neutral Innovation Center and has innovated products such as the first domestic cross-border carbon emission rights swap product to address EU carbon tariffs [5]. - The new paradigm of global economic cooperation and Hainan's role as a key node in integrating Chinese enterprises into global supply chains were emphasized, with a commitment to continue enhancing Hainan's institutional innovation and regional attractiveness [5].

智通财经APP获悉，中国银河证券发布研报称，1月14日，沪深北三大交易所同步发布通知，经中国证 监会批准，将投资者融资买入证券时的融资保证金最低比例从80%提高至100%。回顾2015年调整经 验，融资保证金比例上调后，市场杠杆风险得到有效控制，后续逐步进入稳健运行阶段，印证了此类政 策对市场长期发展的积极意义。 中国银河证券主要观点如下： 事件 1月14日，经中国证监会批准，沪深北三大交易所同步发布通知，调整融资保证金比例，将投资者融资 买入证券时的融资保证金最低比例从80%提高至100%。此次调整仅针对新开融资合约，存量合约及展 期仍按原规则执行，体现了监管层"精准调控、平稳过渡"的政策思路。作为资本市场高质量发展的重要 举措，本次调整恰逢市场杠杆资金快速扩张、交投活跃度高位攀升的关键节点，对引导市场理性投资、 防范系统性风险具有重要意义。 降温过热杠杆、维护市场稳定是本次调整的核心逻辑 此次融资保证金比例上调，是监管层基于当前市场运行态势的精准施策，核心逻辑在于"降温过热杠 杆、维护市场稳定"。回溯政策脉络，2023年9月，为活跃资本市场、提振投资者信心，监管层将融资保 证金比例从100%下调至80%， ...

Group 1 - The core viewpoint of the announcement is the completion of the issuance of the second short-term financing bond for the year 2026 by China Galaxy Securities Co., Ltd. on January 14, 2026 [1][3] - The relevant documents regarding the bond issuance have been published on multiple official websites, including China Money, Shanghai Clearing House, and China Bond Information Network [1] - The board of directors of China Galaxy Securities assures that the announcement contains no false records, misleading statements, or significant omissions, and they take responsibility for the authenticity, accuracy, and completeness of the content [1]

Group 1 - The company, China Galaxy (06881), has completed the issuance of its second short-term financing bond for the year 2026 on January 14, 2026 [1] - The total issuance scale of this bond is RMB 5 billion, with a face value and issuance price of RMB 100 per unit [1] - The bond has a maturity period of 247 days and a final coupon rate of 1.71% [1] - The funds raised from this bond issuance will be used to supplement the company's working capital [1]

Core Viewpoint - China Galaxy (06881) has successfully completed the issuance of its second phase of short-term financing bonds for the year 2026, raising a total of RMB 5 billion [1] Group 1 - The issuance scale of the bonds is RMB 5 billion, with a face value and issuance price of RMB 100 per unit [1] - The bonds have a maturity period of 247 days and a final coupon rate of 1.71% [1] - The funds raised from this bond issuance will be used to supplement the company's working capital [1]

格隆汇1月14日丨中国银河(06881.HK)发布公告，公司已于2026年1月14日完成2026年度第二期短期融资 券发行。本期融资券的发行规模为人民币50亿元，面值及发行价均为每单位人民币100元。本期融资券 的期限为247天，最终票面利率为1.71%。本期融资券发行所募集的资金将用于补充公司流动资金。 ...

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之內容概不負責，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分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （股份代號：06881） 董事會欣然宣佈，根據上述股東授權，本公司已於2026年1月14日完成2026年度 第二期短期融資券發行（「本期融資券」）。本期融資券的發行規模為人民幣50億 元，面值及發行價均為每單位人民幣100元。本期融資券的期限為247天，最終票 面利率為1.71%。本期融資券發行所募集的資金將用於補充本公司流動資金。 承董事會命 中國銀河證券股份有限公司 公告 2026年度第二期短期融資券發行完畢 茲提述中國銀河證券股份有限公司（「本公司」）日期為2025年1月23日的通函以及 2025年2月17日之公告。 於2025年2月17日召開的2025年第一次臨時股東大會上，本公司通過了股東大會 對本公司董事會（「董事會」）的授權方案的修訂，據此，股東大會授權董事會發行 債務融資工具，發行規模合計不超過本公司最近一期經審計淨資產的350%。 董事長及執 ...