Group 1 - Southbound funds increased their holdings in Zhongzhou Securities (01375.HK) by 1.303 million shares on December 18 [1] - Over the past 5 trading days, southbound funds have reduced their holdings for 4 days, with a total net reduction of 20.65 million shares [1] - In the last 20 trading days, there have been 11 days of net reductions by southbound funds, totaling 19.349 million shares [1] Group 2 - As of now, southbound funds hold 704 million shares of Zhongzhou Securities, accounting for 58.91% of the company's issued ordinary shares [1] - Zhongyuan Securities Co., Ltd. is engaged in securities brokerage business and operates eight divisions [1] - The securities brokerage division handles client transactions in stocks, funds, and bonds, while the proprietary business division focuses on equity and fixed income investments [1]

Core Viewpoint - Zhongyuan Securities report indicates that Unisplendour Corporation is actively acquiring the remaining equity of H3C, with overall fundamentals improving [1] Group 1: Acquisition and Ownership - The company will initiate a new round of equity acquisition for H3C, and after this acquisition, foreign investment will no longer hold shares in H3C [1] - As the company's ownership percentage in H3C increases, the contribution of H3C to the company's performance is continuously growing [1] Group 2: Growth Drivers - H3C's current growth drivers mainly come from domestic government and enterprise business as well as international business [1] Group 3: Financial Strategy - The company began the process of listing on the Hong Kong Stock Exchange in May, and successful listing is expected to significantly alleviate the financial cost pressure brought by the acquisition of H3C [1] - The company's server business and overseas operations are accelerating growth, while it is increasing its stake in H3C and conducting financing in Hong Kong stocks, indicating a positive overall development trend [1] Group 4: Investment Rating - The company is given an "Accumulate" investment rating [1]

Group 1 - E Fund Management Co., Ltd. reduced its stake in Zhongzhou Securities (01375) by 9.033 million shares on December 10, at a price of HKD 2.1511 per share, totaling approximately HKD 19.43 million [1][3] - After the reduction, E Fund's latest shareholding stands at approximately 153 million shares, representing a holding percentage of 12.78% [1][3]

Group 1 - The core point of the article is that E Fund Management Co., Ltd. has reduced its stake in Zhongzhou Securities (01375.HK) by selling 9.033 million shares at an average price of HKD 2.1511 per share, amounting to approximately HKD 19.431 million [1][2] - After the reduction, E Fund's total shareholding in Zhongzhou Securities is now 152,812,000 shares, which represents a decrease in ownership percentage from 13.54% to 12.78% [1][2]

Group 1 - E Fund Management Co., Ltd. reduced its stake in Zhongzhou Securities (01375) by 9.033 million shares at a price of HKD 2.1511 per share, totaling approximately HKD 19.43 million [1] - After the reduction, E Fund's latest shareholding stands at approximately 153 million shares, representing a holding percentage of 12.78% [1]

Core Viewpoint - E Fund Management has reduced its stake in Zhongzhou Securities by selling 9.033 million shares at approximately HKD 2.15 per share, totaling around HKD 19.43 million, resulting in a new holding of approximately 153 million shares, representing 12.78% of the company [1] Group 1 - E Fund Management sold 9.033 million shares of Zhongzhou Securities on December 10 [1] - The sale price per share was approximately HKD 2.1511, leading to a total transaction value of about HKD 19.43 million [1] - After the reduction, E Fund's remaining shares in Zhongzhou Securities are approximately 153 million, equating to a holding percentage of 12.78% [1]

Group 1 - Southbound funds reduced their holdings in Zhongzhou Securities (01375.HK) by 500,000 shares on December 15 [1] - Over the past 5 trading days, southbound funds have reduced their holdings on 3 days, with a total net reduction of 1,179,000 shares [1] - In the last 20 trading days, there have been 11 days of reductions, totaling a net decrease of 10,379,000 shares [1] Group 2 - As of now, southbound funds hold 718 million shares of Zhongzhou Securities, accounting for 60.03% of the company's issued ordinary shares [1] - Zhongyuan Securities Co., Ltd. is engaged in securities brokerage business in China and operates eight divisions [1] - The securities brokerage division handles client transactions in stocks, funds, bonds, etc., while the proprietary business division focuses on equity and fixed income investments [1]

Core Viewpoint - Zhongyuan Securities emphasizes the importance of building a clean culture as a strategic measure to prevent financial risks and ensure high-quality development, integrating it into its operational framework through a comprehensive five-part system [1] Group 1: Targeting Integrity - Zhongyuan Securities incorporates party conduct and integrity construction into its annual work objectives, establishing a "goal-oriented, responsibility-closed" work framework [2] - The company signs over 70 responsibility agreements annually with leadership to detail integrity management responsibilities [2] - A comprehensive disciplinary education initiative is implemented, including regular learning sessions and the establishment of working groups to promote discipline education [2] Group 2: Promoting Integrity through Education - The company prioritizes early education and warnings to instill integrity concepts among employees [3] - A multi-level training system is developed, combining comprehensive and specialized training on integrity and compliance [3] - The organization compiles and disseminates case studies to enhance awareness of disciplinary violations and their consequences [3] Group 3: Institutionalizing Integrity - Zhongyuan Securities establishes a robust system of integrity management regulations, integrating them into the company's charter [4] - A mechanism for regular oversight of employees' external business activities is implemented to prevent conflicts of interest [4] - The company conducts thorough checks to ensure compliance with anti-money laundering regulations and other integrity-related requirements [4] Group 4: Supervising Integrity - The company emphasizes the importance of supervision in preventing integrity risks, conducting regular assessments of potential risks across departments [5] - Specific integrity reminders are issued for key business lines, and oversight is strengthened in recruitment and bidding processes [5] - The integration of integrity supervision into monthly reports enhances the effectiveness of grassroots supervision [5] Group 5: Cultivating Integrity Culture - Zhongyuan Securities focuses on building a cultural foundation for integrity through innovative communication methods and immersive experiences [6] - The company creates themed areas and visual aids to promote integrity within the workplace [6][7] - Initiatives such as sending integrity letters to employees and their families aim to foster a culture of integrity at home and in the workplace [7]

中央经济工作会议12月10日至11日在北京举行。中原证券首席经济学家邓淑斌在接受证券时报采访时表 示，2026年宏观政策在逆周期和跨周期调节并举的同时，或将有所侧重于后者，政策护航稳增长的力度 相对适中。财政政策将在扩大内需、科技创新、民生保障等重点领域进一步发力，货币政策操作将着力 于政策调控的效率和主动性，降准降息更审慎、节奏将更平滑，同时有望加力扶持"扩大内需、科技创 新、中小微企业"等重点领域，以提高政策传导的精准性。 会议用"必须充分挖掘经济潜能""必须坚持政策支持和改革创新并举""必须做到既放得活又管得好""必 须坚持投资于物和投资于人紧密结合""必须以苦练内功来应对外部挑战"这"五个必须"对当前经济工作 进行了总结。邓淑斌指出，这体现了中央对经济工作规律性认识的持续深化和不断总结，也为深入理解 明年宏观调控政策思路和八大重点任务部署提供了更清晰的脉络。 在货币政策方面，会议延续"适度宽松""灵活高效运用降准降息等多种政策工具""保持流动性充裕"的总 体要求。邓淑斌预计2026年的货币政策操作将着力于政策调控的效率和主动性，一方面在总量宽松，仍 有空间但幅度可能有限，既要考虑维持合理充裕的资金面， ...

中原证券股份有限公司 2025 年第一次临时股东会 会议材料 2025 年 12 月 22 日 郑州 中原证券股份有限公司 关于选举独立董事的议案 各位股东： 根据《公司法》《证券法》等法律法规及《公司章程》 规定，公司第七届董事会第三十八次会议、第四十次会议审 议通过提名王辉先生、王慧轩先生、杜晓堂先生为公司第七 届董事会独立董事候选人的议案。 2025 年第一次临时股东会会议材料 独立董事候选人简历详见附件。 上述独立董事人选提请公司 2025 年第一次临时股东会 选举。 1 附件： 王辉简历 王辉，男，汉族，1979 年出生，上海财经大学会计学专 业博士研究生。历任河南合协创业投资管理有限公司投资经 理、南阳普康药业有限公司财务总监、深圳华信股权投资基 金管理有限公司财务总监、深圳华信柏年股权投资基金管理 有限公司总经理。现任中国首控集团有限公司财务总监、升 辉清洁集团控股有限公司独立非执行董事。 王慧轩简历 王慧轩，男，汉族，1966 年出生，天津大学博士。于 1987 年参加工作，长期在地方政府从事宏观经济管理和领导工作， 历任乌鲁木齐办公厅信息处处长、区委书记、开发区管委会 主任等职务；2006 ...