Core Insights - The company emphasizes the importance of technology innovation as a core driver for China's economic transformation, focusing on sectors such as artificial intelligence, robotics, and innovative pharmaceuticals [3][4][8] Group 1: Investment Focus - The company maintains a long-term holding ratio of 50%-70% in technology innovation enterprises since the establishment of the Sci-Tech Innovation Board in 2019 [3] - The investment strategy is built on identifying companies with core competitiveness and continuous innovation capabilities at early stages of industry development [4] - The company is particularly focused on enhancing the domestic supply chain and increasing the localization rate in the artificial intelligence sector [3][4] Group 2: Investment Methodology - The investment methodology is based on deep industry research, focusing not only on current value but also on future growth potential [4] - The company constructs its investment framework from three dimensions: macro trends, industry logic, and corporate governance [3] Group 3: Collaborative Development - The company adopts a "co-growth" approach, providing not only capital support but also strategic value and resource empowerment to the companies it invests in [5] - A notable case involved the company increasing its investment in a Sci-Tech Innovation Board enterprise during a downturn, helping the company recover and achieve significant stock price growth [5] Group 4: Social Responsibility - The company integrates social responsibility into its business model, donating performance-related earnings to the Tiger Action Public Welfare Fund, benefiting nearly 100,000 left-behind children [7] - The company believes that social responsibility is a crucial support for healthy organizational development, enhancing its stability and competitive edge [7] Group 5: Future Outlook - The company plans to continue exploring investment opportunities in cutting-edge fields such as artificial intelligence and biomedicine, while also focusing on innovative public welfare models [8]

Group 1 - The company has successfully issued the 25th short-term financing bond for the year 2025 on October 21, 2025 [1] - The relevant documents regarding the bond issuance have been published on various financial websites [1] Group 2 - The company has decided to exercise the redemption option for the "20 Yinhe Y1" perpetual subordinated bonds, fully redeeming them [3][4] - The company will ensure proper disclosure and repayment of principal and interest for the "20 Yinhe Y1" bonds according to relevant business rules [5]

Core Points - China Galaxy Securities reported a closing price of 17.86 yuan on October 21, 2025, with a 0.56% increase and a trading volume of 422,600 lots, totaling a transaction amount of 756 million yuan [1] Trading Information Summary - On October 21, 2025, the net inflow of main funds was 41.7 million yuan, accounting for 5.51% of the total transaction amount; retail investors had a net outflow of 15.1 million yuan, representing 1.99% of the total transaction amount [1][4] Company Announcements Summary - China Galaxy completed the repayment of the sixth short-term financing bond for 2025, with a total repayment amount of 3,034,838,630.14 yuan on October 17, 2025, after issuing 3 billion yuan at a 1.99% interest rate [1] - The company decided to fully redeem the "20 Galaxy Y1" bond, with the right to redeem at face value plus accrued interest [2] - China Galaxy issued the 25th short-term financing bond for 2025, with a total issuance amount of 4 billion yuan and an interest rate of 1.72%, effective from October 21, 2025 [2][4] - The board of directors approved the revision of the annual transaction limits for related transactions with Galaxy Financial Holdings Group for 2025-2027, increasing the upper limits for service fees and commissions [2][4]

证券日报网讯 10月21日晚间，中国银河发布公告称，中国银河证券股份有限公司2025年度第二十五期 短期融资券已于2025年10月21日发行完毕。 （文章来源：证券日报） ...

证券代码：601881 证券简称：中国银河 中国银河证券股份有限公司 H 股同步公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2025 年 10 月 13 日，中国银河证券股份有限公司（以下简称"公司"）第五 届董事会第七次会议（临时）审议通过了《公司重新设定 2025-2027 年持续关 联交易上限并与银河金控签署证券及金融服务框架协议之补充协议的议案》，同 意重新设定公司与中国银河金融控股有限责任公司（以下简称"银河金控"）集 团之间 2025-2027 年持续关联交易上限并与银河金控签署《证券及金融服务框 架协议之补充协议》，具体详见公司于 2025 年 10 月 13 日披露的《关于签订<证 券及金融服务框架协议之补充协议>暨关联交易公告》（公告编号：2025-083）及 在香港交易及结算所有限公司网站（www.hkexnews.hk）同步发布的相关 H 股公 告。 2025 年 10 月 21 日，应香港联合交易所有限公司相关要求，公司对上述持 续关联交易上限确定基准进行了补充披露。根据《中华人民共和国 ...

Core Viewpoint - China Galaxy Securities announced the decision to fully redeem its 2020 perpetual subordinated bonds (Phase 1) on October 14, 2025, exercising its redemption rights as outlined in the bond issuance terms [2] Group 1: Bond Issuance Details - The 2020 perpetual subordinated bonds (referred to as "20 Galaxy Y1") were issued on November 24, 2020 [2] - The bonds include a redemption option for the issuer, allowing redemption at face value plus accrued interest on the fifth and subsequent interest payment dates [2] Group 2: Redemption Announcement - The company has decided to exercise its redemption rights for the entire amount of the 20 Galaxy Y1 bonds [2] - Following the redemption, the company will ensure proper disclosure and management of the repayment and interest payment processes as per relevant business regulations [2]

（股份代號：06881） 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） 補充公告 修訂證券及金融服務框架協議下持續關連交易之年度上限 茲提述中國銀河證券股份有限公司（「本公司」）日期為2025年10月13日的公告 （「該公告」），內容有關修訂框架協議下之持續關連交易於截至2027年12月31日止 三個年度的年度上限。除另有所指外，本公告所用詞彙與該公告所界定者具有相 同涵義。 本公司謹此向其股東及潛在投資者提供有關釐定經修訂年度上限的額外資料。 手續費及佣金收入的經修訂年度上限 如該公告所披露，本公司將框架協議下截至2027年12月31日止三個年度本集團就 提供證券及金融服務向銀河金控集團所收取的手續費及佣金的年度上限分別修訂 為人民幣2.31億元、人民幣9.44億元及人民幣9.61億元。修訂手續費及佣金收入 的年度上限的主要原因為大集合產品的管理人變更為銀河金控集團下屬基金公司 後，本集團繼續就有關大集 ...

Core Points - China Galaxy Securities successfully issued its sixth short-term financing bond for 2025, amounting to RMB 3 billion with a coupon rate of 1.99% and a maturity of 213 days [1] - The total principal and interest paid on the bond on October 17, 2025, amounted to RMB 3,034,838,630.14 [2] Summary by Sections - **Bond Issuance**: The company issued a short-term financing bond on March 18, 2025, with a total issuance amount of RMB 3 billion and a maturity date set for October 17, 2025 [1] - **Payment Details**: On the maturity date, the company paid back a total of RMB 3,034,838,630.14, which includes both principal and interest [2]

| 债券名称 | 中国银河证券股份有限公司 | 2025 | 年度第二十五期短期融资券 | | --- | --- | --- | --- | | 债券简称 | 25 银河证券 CP025 | 债券流通代码 | 072510253 | | 发行日 | 2025 年 10 月 20 日 | 起息日 | 2025 年 10 月 21 日 | | 到期兑付日 | 2026 年 5 月 15 日 | 期限 | 206 天 | | 计划发行总额 | 40 亿元人民币 | 实际发行总额 | 40 亿元人民币 | | 票面年利率 | 1.72% | 发行价格 | 100 元/百元面值 | 本 期 发 行 短 期 融 资 券 的 相 关 文 件 已 刊 登 在 中 国 货 币 网 （www.chinamoney.com.cn）、上海清算所网站（www.shclearing.com）、 中国债券信息网（www.chinabond.com.cn）。 特此公告。 中国银河证券股份有限公司董事会 证券代码：601881 证券简称：中国银河 公告编号：2025-093 中国银河证券股份有限公司 2025年度第二十五期短期融资券发行结果 ...

证券代码：601881 证券简称：中国银河 公告编号：2025-094 中国银河证券股份有限公司 关于行使"20 银河 Y1"发行人赎回选择权的 第三次提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 责任。 中国银河证券股份有限公司（以下简称"公司"或"发行人"）于 2025 年 10 月 14 日披露了《中国银河证券股份有限公司公开发行 2020 年永续次级债券 （第一期）发行人不行使续期选择权暨行使赎回权并全额兑付的公告》（公告编 号：2025-080），本公告为上述事项的提示性公告。 公司于 2020 年 11 月 24 日完成中国银河证券股份有限公司公开发行 2020 年永续次级债券（第一期）（以下简称"20 银河 Y1"）的发行工作。根据《中 国银河证券股份有限公司公开发行 2020 年永续次级债券（第一期）募集说明书》， 20 银河 Y1 设发行人赎回权，于 20 银河 Y1 第五个和其后每个付息日，发行人 有权按面值加应付利息（包括所有递延支付的利息及其孳息）赎回 20 银河 Y1。 公司决定行使 2 ...