Bei Ke Cai Jing·2025-07-13 07:36Core Viewpoint - The direct financing ratio in China is relatively low, indicating significant growth potential and future upward space for direct financing in the country [2][3]. Group 1: Direct Financing and Support for Real Economy - Regulatory bodies have clearly defined the goal of high-quality development in capital markets, emphasizing the need to deepen reforms and increase the proportion of direct financing, particularly for technology innovation and small to medium enterprises [3]. - The company, including its subsidiaries, has a responsibility to promote direct financing and support the development of the real economy through various means, including investment banking, underwriting in primary and secondary markets, and mergers and acquisitions [3]. - Asset management can play a crucial role by directly investing in real enterprises through stocks and bonds, providing direct financing services via ABS and stock pledge businesses, and optimizing investment directions to drive innovation and support national strategic layouts [3]. Group 2: ESG and Social Impact - The company incorporates ESG and social benefit indicators into its investment decision-making process, aiming to balance economic and social benefits through systematic research and judgment [4]. Group 3: Global Strategy and Cross-Border Services - The company has established a global strategy that includes collaborative market research and a one-stop cross-border capital service platform to assist enterprises in expanding internationally [5]. - The goal is to support Chinese enterprises in their global endeavors, ensuring they can "go out, integrate in, and maintain stable development," thereby achieving a truly global financial service for the real economy [5].