重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 本次担保金额 | 实际为其提供的担保余额 | 是否在前期 | 本次担保是 | | --- | --- | --- | --- | --- | --- | | | | | （不含本次担保金额） | 预计额度内 | 否有反担保 | | CSI MTN | Limited | 2,010万美元 | 28.50亿美元 | 是 | 否 | 证券代码：600030 证券简称：中信证券 公告编号：临2026-004 中信证券股份有限公司 关于间接子公司发行中期票据 并由全资子公司提供担保的公告 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法律责任。 累计担保情况 | 对外担保逾期的累计金额（万元） - | | | --- | --- | | 截至本公告日上市公司及其控股子 公司对外担保总额（亿元） | 2,058.08 | | 对外担保总额占上市公司最近一期 经审计净资产的比例（%） | 70.22 | | 特别风险提示 | 担保金额（含本次）超过上市公司最近一期经审计净 | | | ...

来源：中信证券发布 1月15日，由新浪财经主办的"2026全球与中国资本市场展望论坛暨金麒麟最佳财富管理机构、最佳投资 顾问盛典"在北京举办。中信证券以财富管理领域的硬核实力与优异表现，荣获2025金麒麟"年度最佳全 能财富管理机构""年度金融产品生态创新奖"两大奖项。 来源：中信证券发布 1月15日，由新浪财经主办的"2026全球与中国资本市场展望论坛暨金麒麟最佳财富管理机构、最佳投资 顾问盛典"在北京举办。中信证券以财富管理领域的硬核实力与优异表现，荣获2025金麒麟"年度最佳全 能财富管理机构""年度金融产品生态创新奖"两大奖项。 责任编辑：张恒星 责任编辑：张恒星 ...

近日，公司凭借财富管理领域卓越表现及市场影响力，在2025金融界"金智奖"评选中荣获"杰出财富管 理奖""杰出影响力品牌奖"两项大奖。 责任编辑：张恒星 责任编辑：张恒星 来源：中信证券发布 来源：中信证券发布 近日，公司凭借财富管理领域卓越表现及市场影响力，在2025金融界"金智奖"评选中荣获"杰出财富管 理奖""杰出影响力品牌奖"两项大奖。 ...

对于2025年业绩创纪录的原因，中信证券在报告中表示，2025年，国内资本市场整体呈上行态势，市场 交投活跃度显著提升，投资者信心增强，A股主要指数均实现上涨。公司积极把握市场机遇，稳步做大 客户市场规模，经纪、投资银行、自营业务等收入均实现较快增长。 中信证券还表示，同时，公司坚定推进国际化布局，深化跨境服务能力，叠加香港市场的良好表现，公 司境外收入实现较快增长。基于上述原因，公司2025年营业利润等指标实现较大幅度增长。 公开资料显示，中信证券成立于1995年10月，是中国第一家A+H股上市的证券公司，第一大股东为中 国中信金融控股有限公司。中信证券是国内首家资产规模突破万亿元的证券公司，主要财务指标连续十 余年保持行业第一。 本文系观察者网独家稿件，未经授权，不得转载。 1月14日，中信证券发布《2025年度业绩快报》。快报显示，2025年，中信证券的营业收入、净利润均 出现较大幅度增长。 根据相关数据，中信证券2025年实现营业收入748.30亿元，同比（与前一年同期相较）增加28.75%；归 属于母公司股东的净利润（下称"净利润"） 300.51亿元，同比增加38.46%。这也是中信证券历史首次全 ...

智通财经APP获悉，中信证券发布研报称，2025年港股IPO市场火热，项目质量较高。在此基础上，市 场赚钱效应显著，投资人打新热情高涨。面向2026年，IPO项目储备丰富、项目质量相对有所保障，港 股IPO有望维持火热，建议锚定投资者及基石投资者仍应根据自身禀赋及风险偏好做项目精选。 市场赚钱效应显著，投资人打新热情高涨，内地机构积极布局港股基石投资。 中信证券主要观点如下： 2025年港股IPO市场火热，呈现出大市值化、A to H数量大幅提升的特征。 2025年港股IPO项目共116个、募资总额达2859亿港元(不含介绍方式上市)，为2022年以来最火热年份， 保持了近几年以科技、消费及医药行业为主的特征。此外，项目呈现大市值化特征，2020-2024年100亿 港元以上市值IPO公司占比在30%左右，而2025年达56%，一定程度上可说明2025年项目质量更优。此 外，2025年A to H项目共19个，占比达16.4%，为近10年来最高，且显著高于过往各年。 2025年网下发行有效申购倍数的均值、中位数分别为8.7倍、4.5倍，网上发行有效申购倍数的均值、中 位数分别为1654.9倍、312.9倍，网 ...

Core Viewpoint - The recent price increase in various segments of the electronics industry is driven by significant upstream metal cost increases and strong demand from AI applications, despite some pressure on consumer and automotive electronics demand [1][2][6] Group 1: Price Increase Drivers - Since the second half of 2025, multiple segments in electronic components have experienced a price surge primarily due to significant cost pressures from rising metal prices, with some segments also benefiting from strong AI demand [2][3] - Key metals such as gold, silver, and copper have seen futures prices increase by over 50%, 150%, and 50% respectively since 2025, with expectations for continued high prices into 2026 due to loose global liquidity and supply-side constraints [2][3] Group 2: Beneficiary Segments - Segments with high AI exposure, such as storage, CCL, and BT substrates, are expected to benefit the most from the current price increase cycle [3][6] - For storage, TrendForce forecasts a 55% to 60% increase in traditional DRAM contract prices and a 33% to 38% increase in NAND Flash contract prices by Q1 2026, with a potential shortage lasting until the first half of 2027 [3] - CCL manufacturers are expected to successfully pass on price increases to the PCB segment, with anticipated price hikes of 5% to 10% in 2025 and a peak in the first half of 2026 [3] - BT substrates are projected to see a price increase of approximately 30% in the second half of 2025, with further increases of 15% to 20% expected in 2026 [3] Group 3: Supply-Demand Improvements - Segments with improved supply-demand dynamics, such as wafer foundries and panels, are also expected to benefit significantly [4][6] - Wafer foundries are experiencing capacity reductions in overseas mature processes, while domestic leading companies maintain high utilization rates, leading to price increases of about 10% for certain processes by December 2025 [4] - The panel segment is expected to see improved profitability due to the lifting of tariff impacts and increased demand from major events like the Winter Olympics and World Cup [4]

人民财讯1月16日电，中信证券指出，据测算，2025年12月末，银行理财规模收于33.3万亿元，较11月 末的33.8万亿元仅回撤5000亿元，回撤幅度1.48%，显著低于历史同期水平。回溯往年数据，12月理财 规模平均环比下跌约8000亿元，而2025年12月回撤幅度远超市场预期，核心驱动因素为理财子公司强劲 的规模诉求和主动冲量的动力，叠加存款利率低位运行下的"比价效应"，有效对冲了年末考核带来的资 金流出压力。理财规模的稳健表现对中短端信用债形成了有力支撑，展望2026年，"固收+"产品仍将是 核心增长点，预计规模增量至少在1.2万亿以上，全年整体理财规模有望突破36万亿元。 ...

中信证券研报称，据测算，2025年12月末，银行理财规模收于33.3万亿元，较11月末的33.8万亿元仅回 撤5000亿元，回撤幅度1.48%，显著低于历史同期水平。回溯往年数据，12月理财规模平均环比下跌约 8000亿元，而2025年12月回撤幅度远超市场预期，核心驱动因素为理财子公司强劲的规模诉求和主动冲 量的动力，叠加存款利率低位运行下的"比价效应"，有效对冲了年末考核带来的资金流出压力。理财规 模的稳健表现对中短端信用债形成了有力支撑，展望2026年，"固收+"产品仍将是核心增长点，预计规 模增量至少在1.2万亿以上，全年整体理财规模有望突破36万亿元。 ...

Core Viewpoint - The State Grid has announced a fixed asset investment plan of 4 trillion yuan during the 14th Five-Year Plan period, representing a 40% year-on-year increase [1] Group 1: Investment Plan - The investment plan solidifies the basic total volume and emphasizes key areas such as ultra-high voltage, flexible direct current, and digital microgrid [1] - The focus on green transformation is highlighted, with the initial establishment of a new type of grid platform that integrates main and distribution networks [1] Group 2: Industry Recommendations - It is suggested to focus on leading domestic companies that benefit from the investment climate and major planning, as well as those that balance domestic investments and overseas opportunities [1]

Core Viewpoint - The report from CITIC Securities indicates that as AI commercialization accelerates by 2026, the demand for computing power is shifting from a single "training-driven" model to a dual "training + inference" model, which is expected to maintain rapid growth [1] Group 1: Computing Power Demand - The demand for computing power is transitioning to a dual-driven model, combining both training and inference [1] - This shift is anticipated to sustain high growth rates in the future [1] Group 2: Domestic Chip Development - Continuous breakthroughs in domestic computing power chips in terms of process and architecture are expected [1] - The production capacity and yield of advanced domestic processes are improving [1] - The introduction of super nodes is likely to enhance the capabilities of domestic cloud vendors [1] Group 3: Market Opportunities - The increased investment in computing power by domestic cloud vendors is expected to lead to the continuous expansion of domestic intelligent computing centers [1] - This expansion will facilitate the formation of a closed loop among "chips-models-applications" [1] - There are significant opportunities for value reassessment in IDC and network sectors due to the accelerated investment in domestic computing power [1]