2026年1月26日，东北证券收到中国证监会《关于同意东北证券股份有限公司向专业投资者公开发行公 司债券注册的批复》（证监许可[2026]121号）。中国证监会同意公司向专业投资者公开发行面值总额 不超过100亿元公司债券的注册申请。批复自同意注册之日起24个月内有效，公司可在注册有效期内分 期发行公司债券。公司将按要求办理发行事宜并履行信息披露义务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2026年1月26日收盘，东北证券(000686)报收于9.24元，上涨0.11%，换手率2.63%，成交量61.59万 手，成交额5.7亿元。 公司公告汇总关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告 当日关注点 交易信息汇总资金流向 1月26日主力资金净流入6209.41万元；游资资金净流入378.71万元；散户资金净流出6588.11万元。 来自交易信息汇总：1月26日主力资金净流入6209.41万元，显示主力对公司的积极布局。 来自公司公告汇总：东北证券获证监会批复，同意其向专业投资者公开发行不超过100亿元 ...

Group 1 - The public fund market has seen rapid growth, with total net asset value reaching 37.49 trillion yuan as of January 26, 2025, a 14.03% increase compared to the same period in 2024 [2] - Five brokerage asset management companies have surpassed 100 billion yuan in public fund management scale by the end of 2025, with Dongfanghong Asset Management leading at 216.27 billion yuan, a 30.05% increase from 2024 [2] - Several smaller brokerage asset management firms have shown significant growth, with Changjiang Asset Management and Shanzheng Asset Management increasing their management scales by 47.39% and 49.04%, respectively [2][3] Group 2 - Different institutions have distinct product structures, with non-monetary market funds dominating the management products of Dongfanghong Asset Management, Zhongyin Securities, and Caitong Asset Management, while Huatai Securities has over 85% of its products in monetary market funds [3] - Brokerages are actively exploring differentiated development paths in the public fund sector, with some increasing their stakes in public fund companies to enhance control and improve business synergy [4] - Companies are focusing on expanding their product lines and enhancing their capabilities in active equity products, with a particular emphasis on technology themes and the STAR Market [4][5]

最新公告列表 《关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告》 截至2026年1月26日收盘，东北证券（000686）报收于9.24元，较前一交易日上涨0.11%，最新总市值为 216.26亿元。该股当日开盘9.23元，最高9.34元，最低9.19元，成交额达5.7亿元，换手率为2.63%。 近日，东北证券披露《关于向专业投资者公开发行公司债券获得中国证监会注册批复的公告》。公告显 示，2026年1月26日，公司收到中国证监会《关于同意东北证券股份有限公司向专业投资者公开发行公 司债券注册的批复》（证监许可[2026]121号）。中国证监会同意公司向专业投资者公开发行面值总额 不超过100亿元公司债券的注册申请。批复自同意注册之日起24个月内有效，公司可在注册有效期内分 期发行公司债券。公司将按要求办理发行事宜并履行信息披露义务。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-bank financial sector [7] Core Insights - The non-bank sector has shown weak overall performance this week, but some companies have disclosed high profit growth forecasts for 2025. The China Securities Regulatory Commission (CSRC) has issued guidelines to promote the return to fundamentals in the public offering securities investment fund industry, which is expected to drive long-term stable development [2][4] - The market trading volume has decreased, yet remains at historically high levels. The report suggests monitoring the sector's future performance [4] - In the insurance sector, the third-quarter reports have confirmed the logic of deposit migration, increased equity allocation, and improved new policy costs. The certainty of ROE improvement has increased, and valuations are expected to accelerate recovery [4] - The report highlights the increasing cost-effectiveness of overall allocations and ongoing revaluation in the sector [4] Summary by Sections Non-Bank Sector Performance - The non-bank financial index decreased by 1.5% this week, with an underperformance of 0.8% relative to the CSI 300, ranking 29th out of 31 sectors [5] - Year-to-date, the non-bank financial index has decreased by 1.6%, underperforming the CSI 300 by 3.1% [5] Market Overview - The average daily trading volume in the two markets was 27,988.78 billion yuan, down 19.23% week-on-week, with a daily turnover rate of 2.68%, down 68.47 basis points [5] - The leverage capital scale has rebounded, with a margin balance of 2.72 trillion yuan, up 0.23% [5] Insurance Sector Insights - The cumulative insurance premium income for November 2025 reached 57,629 billion yuan, a year-on-year increase of 7.56% [23] - Life insurance income was 41,472 billion yuan, up 9.06% year-on-year, while property insurance income was 16,157 billion yuan, up 3.88% [24] Company Recommendations - The report recommends companies with stable profit growth and dividend rates, including Jiangsu Jinzu, China Ping An, and China Pacific Insurance, due to their strong business models and market positions [4] - Additional recommendations include New China Life, China Life, Hong Kong Exchanges and Clearing, CITIC Securities, Dongfang Caifu, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation levels [4]

2025年的A股，以一场气势如虹的"11连阳"收官，上证指数全年上涨18.41%，书写了清晰的单边向上趋势。然而，在指数昂扬的乐章下，超过1500只个股 下跌的分化现实，让这更是一场极致的"结构性牛市"。普涨难觅，α（超额收益）为王，专业投顾的价值因此被空前凸显——他们不仅是趋势的同行者， 更是帮客户穿越分化、捕捉主线的领航员。 第八届新财富最佳投顾评选结果已揭晓，这份名单正是在复杂结构市中淬炼出的"专业答卷"。本届评选吸引了创纪录的39,893名投顾参与，最终仅91人脱 颖而出，获奖比例低至0.23%，堪称万里挑一。 这91位顶尖投顾平均从业14年，人均服务客户超1000人，管理客户资产规模1908亿元。他们是深度参与者：45%的获奖者上线了投顾产品，20%高频使用 直播等工具直面客户，行业正从销售导向，全面转向以客户账户表现为中心。 他们的核心价值，在于不仅能帮助客户把握市场整体趋势，更能为客户创造超越市场的超额收益。在科技与红利双线轮动的2025年，他们的策略决定了客 户是在牛市中"满载而归"还是"踏空焦虑"。 现在，让我们直接聆听部分"最佳投顾（股票交易组）"获奖者的实战策略与真切感悟。 中信建投证券 ...

本期债券为双品种债券，其中26漳交01发行期限3年期，发行规模5亿元，票面利率2.18%，全场倍数4.26倍；26漳交02发行期限5年期，发行规模4亿元， 票面利率2.45%，全场倍数2.63倍。本期债券由牵头主承销商国泰海通证券和联席主承销商华泰联合证券共同承销，其中26漳交01创下集团同期限公司债 利率新低！ 供稿：交通集团 近日，漳州市交通发展集团有限公司成功发行2026年面向专业投资者非公开发行公司债券（第一期），发行总额人民币9亿元。 编辑：周菁菁 审核：俞丁凌 ▼ ...

北京商报讯(记者李海媛)1月26日，东北证券发布公告称，收到中国证监会批复，中国证监会同意公司向专业投资者公开发行面值总额不超过 100亿元公司债券的注册申请。上述批复自同意注册之日起24个月内有效，东北证券在注册有效期内可以分期发行公司债券。 ...

| 行业基本情况 | | | --- | --- | | 收盘点位 | 6866.35 | | 52 周最高 | 7730.11 | | 52 周最低 | 5627.38 | 证券研究报告：证券Ⅱ|行业周报 发布时间：2026-01-26 行业投资评级 中性|维持 行业相对指数表现 -13% -9% -5% -1% 3% 7% 11% 15% 19% 23% 2025-01 2025-04 2025-06 2025-08 2025-11 2026-01 证券Ⅱ 沪深300 资料来源：聚源，中邮证券研究所 研究所 分析师:王泽军 SAC 登记编号:S1340525110003 Email:wangzejun@cnpsec.com 近期研究报告 《公告券商核心业务全面发力，印证 行业全面复苏》 - 2026.01.19 证券行业报告（2026.01.19-2026.01.23） 业绩高增落地，多驱动因素支撑盈利改善 ⚫ 投资要点 本周又有 3 家券商发布业绩公告，综合上周发布公告的两家券商 来看，2025 年券商业绩表现亮眼，头部及区域券商均实现显著盈利增 长，印证资本市场活力提升与行业转型成效。本周光大证券、国 ...

Industry Investment Rating - The industry investment rating is Neutral, maintained [1] Core Insights - The report highlights a significant improvement in the performance of the securities industry, with major firms reporting substantial profit growth, indicating a recovery in the capital market and successful industry transformation [3] - Key drivers for this growth include enhanced market activity, strategic business integration, and a favorable macroeconomic environment [3] - The report emphasizes the importance of maintaining high trading volumes and the positive impact of low interest rates on brokerage profitability [4][18] Summary by Sections 1. Company Performance Announcements - Everbright Securities reported a revenue of 10.863 billion yuan, a year-on-year increase of 13.18%, and a net profit of 3.729 billion yuan, up 21.92% [13] - Guolian Minsheng expects a net profit of 2.008 billion yuan, a 406% increase year-on-year, driven by the acquisition of Minsheng Securities and business integration [14] - Northeast Securities anticipates a net profit of 1.477 billion yuan, a 69.06% increase, supported by growth in investment and wealth management businesses [15] 2. Industry Fundamentals Tracking 2.1 SHIBOR 3M Rate - The 3-month SHIBOR rate remained stable at 1.60%, indicating a favorable funding environment for the brokerage industry [17] 2.2 Stock Trading Volume - Daily trading volume averaged over 3.3 trillion yuan, significantly higher than the previous quarter, reflecting strong market sentiment and activity [18] 2.3 Margin Financing Situation - As of January 22, the margin financing balance was 2.7249 trillion yuan, showing a notable increase from the previous week, indicating a rise in market risk appetite [19] 2.4 Bond Market Index and Trading Volume - The bond market index rose from 249.3002 to 249.8696 points, with average daily trading volume at 30.025 billion yuan, indicating high market activity [22] 2.5 Stock-Bond Spread - The yield on 10-year government bonds showed a slight decline, while the stock-bond spread increased, suggesting improved attractiveness of equities relative to bonds [27] 3. Market Review - The A-share securities industry index decreased by 0.61%, slightly outperforming the CSI 300 index, which fell by 0.62% [29] - The securities industry ranked 28th among 31 sectors, indicating a modest performance compared to other sectors [30]

证券代码：000686 证券简称：东北证券 公告编号：2026-003 东北证券股份有限公司 2026年1月26日，东北证券股份有限公司（以下简称"公司"）收到中国证 券监督管理委员会（以下简称"中国证监会"）《关于同意东北证券股份有限公 司向专业投资者公开发行公司债券注册的批复》（证监许可[2026]121号）。 根据上述批复，中国证监会同意公司向专业投资者公开发行面值总额不超过 100亿元公司债券的注册申请。上述批复自同意注册之日起24个月内有效，公司 在注册有效期内可以分期发行公司债券。 公司将严格按照有关法律法规、上述批复文件的要求和公司股东会的授权， 办理向专业投资者公开发行公司债券的相关事宜，并及时履行信息披露义务。 特此公告。 东北证券股份有限公司董事会 二〇二六年一月二十七日 关于向专业投资者公开发行公司债券 获得中国证监会注册批复的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 ...