券商中国·2025-06-30 12:12Macro Dynamics - The Chinese Ministry of Foreign Affairs did not provide information regarding whether President Trump was invited to the military parade for the 80th anniversary of the victory in the War of Resistance Against Japan [1] Financial Institutions - CITIC Securities received approval from the China Securities Regulatory Commission to publicly issue perpetual subordinated bonds totaling no more than 30 billion yuan to professional investors [7] Market Data - As of the end of June, the Shanghai Composite Index rose by 2.76% in the first half of the year, while the North China 50 Index surged nearly 40% [8] - The total financing balance in the two markets increased by 900 million yuan, with the Shanghai Stock Exchange reporting a balance of 921.607 billion yuan and the Shenzhen Stock Exchange reporting 900.079 billion yuan [10] - The Hong Kong Hang Seng Index fell by 0.87% but recorded a 20% increase for the first half of the year [11] Company Dynamics - Small Commodity City expects a net profit increase of 12.57% to 17.40% year-on-year for the first half of 2025, driven by growth in main business revenue and trade fulfillment services [12] - Jinjiang Hotels submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [14] - Great Wall Military Industry's stock price has seen a significant increase of 110% over nine days, leading to warnings about extreme trading risks and potential irrational speculation [15]