Core Viewpoint - Chongqing Department Store's stock has shown volatility with a recent increase of 2.03%, but it has experienced a decline of 0.82% year-to-date and significant drops over the past five, twenty, and sixty trading days [1] Group 1: Stock Performance - As of January 19, Chongqing Department Store's stock price is 25.63 CNY per share, with a market capitalization of 11.289 billion CNY [1] - The stock has seen a year-to-date decline of 0.82%, a drop of 11.16% over the last five trading days, 3.54% over the last twenty days, and 5.57% over the last sixty days [1] Group 2: Financial Performance - For the period from January to September 2025, Chongqing Department Store reported a revenue of 11.630 billion CNY, a year-on-year decrease of 10.56%, while the net profit attributable to shareholders was 0.991 billion CNY, reflecting a year-on-year increase of 7.38% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Chongqing Department Store is 19,100, an increase of 18.34% from the previous period, with an average of 10,070 circulating shares per shareholder, a decrease of 14.94% [2] - The company has distributed a total of 7.053 billion CNY in dividends since its A-share listing, with 1.540 billion CNY distributed over the last three years [3] - The largest circulating shareholder is Huatai-PB Shanghai Stock Exchange Dividend ETF, holding 15.636 million shares, an increase of 0.8696 million shares from the previous period [3]

Core Viewpoint - The Shanghai Municipal Committee emphasizes enhancing financial services for the real economy, focusing on the development of technology finance and green finance, as well as improving financial inclusivity and innovation in financial products [1] Group 1: Financial Services for Real Economy - The proposal highlights the need to improve financial services for the real economy, particularly through the development of technology finance [1] - It supports early, small, long-term, and hard technology investments by equity investment institutions [1] - The initiative aims to promote the development of the Sci-Tech Innovation Board and "technology board" in the bond market, as well as innovations in technology credit and insurance [1] Group 2: Support for Investment Funds - The plan encourages the development of market-oriented merger and acquisition funds, corporate venture capital funds, and foreign venture capital funds [1] - It aims to enhance the pricing mechanism and exit channels for equity investment transactions [1] - A comprehensive, diversified, and relay-style technology financial service system is to be constructed [1] Group 3: Green Finance Development - The proposal calls for accelerating the development of green finance and enriching carbon trading products [1] - It emphasizes the optimization of the green finance standard system [1] Group 4: Financial Inclusivity - The initiative focuses on actively developing inclusive finance to address the financing difficulties and high costs faced by small and medium-sized enterprises [1] - It aims to improve support policies such as financing guarantees, loan interest subsidies, and risk compensation [1] - Increased support for first-time and renewed loans is also a priority [1] Group 5: Pension and Digital Finance - The plan emphasizes the development of diversified pension financial products and enhancing financial services for the elderly [1] - It promotes innovation in digital finance, including the deepening of digital RMB applications and advancements in digital credit, asset management technology, and intelligent investment advisory [1] - The goal is to create a new type of intelligent asset management service platform and accelerate the development of financial technology [1]

Group 1: Strengthening the Role of Intermediaries - The China Securities Regulatory Commission emphasizes the importance of intermediaries like brokers, accounting firms, and law firms as the first line of defense in the capital market, highlighting that their responsibility and quality of service directly impact the entry standards and ongoing compliance of listed companies [2][3] - Intermediaries are urged to shift their operational mindset from a "channel thinking" approach to a "value discovery thinking" approach, focusing on genuine due diligence to uncover the true value and long-term growth potential of companies, thereby preventing fraudulent listings [2][3] - A comprehensive risk prevention system is recommended, including establishing a negative list for industry entry, focusing on the authenticity of revenue and R&D expenses, and conducting substantial assessments of corporate governance and internal controls [2][3] Group 2: Enhancing Investment Culture - Individual investors are identified as a crucial source of liquidity in the A-share market, and their rational investment behavior is essential for market stability [4][5] - Investors are encouraged to shift their mindset from "trading stocks" to "buying companies," understanding that investing is about becoming long-term partners with businesses rather than engaging in short-term price speculation [4][5] - It is suggested that individual investors enhance their professional capabilities by focusing on familiar industries, utilizing basic valuation metrics, and maintaining a decision-making framework centered on fundamentals [4][5]

Group 1: Key Meetings and Policies - Shanghai Mayor Gong Zheng met with UBS CEO Ralph Hamers, expressing hope for UBS to better serve Chinese companies going global and promote Shanghai to global partners [1] - The Shanghai Financial Regulatory Bureau, in collaboration with law enforcement, has launched 15 nationwide campaigns to combat "black and gray" financial activities, resulting in the resolution of 117 cases and the arrest of over 370 suspects [2] - The Shanghai Stock Exchange has adopted a "zero tolerance" policy towards violations, issuing over 270 disciplinary actions and implementing regulatory measures over 330 times to maintain market order [3] Group 2: Financial Developments - As of January 11, 2026, the Shanghai branch of China Construction Bank has managed personal financial assets exceeding 1 trillion yuan, serving 21 million individual clients [4] - The first non-directional public REITs expansion was launched on January 12, 2026, marking a significant innovation in the REITs market and promoting quality rental housing assets [5] - The Shanghai Gold Exchange emphasized the construction of secure and efficient financial infrastructure to support national strategies and improve market services during its 2026 work meeting [6] Group 3: Regulatory Changes - The Shanghai and Shenzhen Stock Exchanges have increased the minimum margin requirement for financing from 80% to 100%, effective January 19, 2026, to strengthen counter-cyclical adjustments [7] - The People's Bank of China held a work meeting emphasizing the implementation of a moderately loose monetary policy to support high-quality economic development [8] - The Shanghai Insurance Association and the Shanghai Judicial Appraisal Association issued guidelines to standardize property insurance claims processes, aiming to improve industry governance [9] Group 4: Innovations in Financial Services - China Construction Bank's Shanghai branch launched a "coffee production internet service platform" to facilitate cross-border trade, enhancing efficiency and security for traders [9] - China Pacific Insurance has upgraded its strategy to address the challenges posed by an aging population, focusing on a comprehensive ecosystem covering elderly care, health, and rehabilitation [10] - Star Ring Fusion completed a 1 billion yuan Series A financing round, setting a record for private nuclear fusion companies in China [11] Group 5: Green Finance Initiatives - Shanghai Pudong Development Bank issued its first biodiversity loan of 7 million yuan to support agricultural technology development, reflecting its commitment to green finance [12] - Bank of China Shanghai branch efficiently processed a qualification application for a Hong Kong metal trader in just 15 days, showcasing its expertise in cross-border finance [13] - The Shanghai branch of the Bank of Communications collaborated with the Shanghai Data Exchange to establish an online data transaction settlement service system [14] Group 6: International Trade Support - The Export-Import Bank of China Shanghai branch provided customized financial support for a solid waste enterprise's offshore trade, demonstrating its role in stabilizing cross-border supply chains [16]

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of SHANGHAI FUIOU PAYMENT SERVICE CORP., LTD. 上海富友支付服務股份有限公司 (A joint stock company incorporated in the People's Repub ...

与此同时，前海积极推动数字人民币创新应用，助力建设银行全国首发"前海梦"深港数字人民币硬钱 包，并支持银行机构率先通过"多边央行数字货币桥"，完成资本项下注册资本金跨境人民币收汇创新业 务，进一步拓展数字人民币支付渠道。针对港资企业，前海还专门设立了便利合作的激励政策，为港资 企业落地发展提供有力支撑。 产业集聚方面，前海人工智能领域表现突出。截至2024年10月底，该领域累计集聚相关企业455家，其 中包含84家港资企业、102家专精特新企业，整体营收超3000亿元人民币，产业集聚效应显著。 本报讯(记者刘晓一)近日，"粤港澳大湾区中国年会2026"举办期间，前海管理局首席经贸专家屈宏斌在 媒体见面会上透露，前海对深圳经济的贡献持续提升，2025年前11个月，其吸引的外来投资在深圳全市 占比超五成，凸显出在前海粤港澳大湾区经济发展布局中的重要作用。 屈宏斌表示，经过15年发展，前海在深港深度合作及制度衔接方面实现了高水平对外开放。在金融科技 领域，前海深度参与数字金融发展，联合香港金管局打造跨行业金融科技配对平台"FinTechConnect"， 借助港深征信通、深港跨境数据试验平台、区块链等创新技术赋能数 ...

Group 1 - The core point of the article is that the Industrial and Commercial Bank of China (ICBC) has applied for a patent related to a foreign exchange order matching method and device, indicating its focus on financial technology innovation [1] - The patent application was filed on September 2025, with the publication number CN121329644A, highlighting the company's ongoing efforts in enhancing its technological capabilities in the financial sector [1] - The described method aims to improve the efficiency of foreign exchange trading by addressing the low efficiency of traditional data comparison methods in matching trades [1] Group 2 - ICBC was established in 1985 and is headquartered in Beijing, primarily engaged in monetary financial services [2] - The company has a registered capital of approximately 35.64 billion RMB and has made investments in 28 enterprises, showcasing its active role in the market [2] - ICBC has participated in 5,000 bidding projects and holds a significant number of intellectual property assets, including 976 trademark records and 5,000 patent records [2]

Core Viewpoint - Kazakhstan's President Tokayev has signed a new version of the "Law on Banks and Banking Activities" which includes regulations for digital financial assets (DFA) to promote the development of fintech and the cryptocurrency industry [1] Regulatory Framework - The new law categorizes digital assets into three types of secured DFA: stablecoins backed by fiat currency, asset tokenization supported by financial instruments, assets, property rights, or commodities, and financial instruments issued electronically on digital platforms [1] - The legislation formally regulates unsecured digital assets, such as Bitcoin, and allows for the establishment of cryptocurrency exchanges licensed by the central bank [1] Central Bank's Role - The central bank will create a list of tradable crypto assets and enhance anti-money laundering measures along with investor protection [1]

巴西数字银行Agibank成为最新一家排队把握在美国上市窗口重启机遇的企业。随着美国资本市场重新 释放出新股发行回暖的信号，这家金融科技公司已于1月14日向美国证券交易委员会（SEC）递交上市 申请，计划在纽约证券交易所挂牌交易，股票代码为"AGBK"。招股说明书显示，Agibank拟发行A类普 通股，每股享有一票表决权；而控股股东将继续持有B类股份，拥有更高的投票权。实际上，即便完成 IPO，公司控制权仍将集中在创始人及现有股东手中，新投资者在公司战略决策中的影响力将受到限 制。 文章来源：巴西互联网创业 ...

Core Insights - The core viewpoint of the news is that Industrial Bank's Jinan Branch is leveraging "finance + technology" to enhance the digital financial service ecosystem in Linyi, focusing on regional and industry-specific value creation [1][2]. Group 1: Financial Technology Integration - The bank has developed a three-dimensional digital service system that includes a financial cloud platform, a smart park system, and an aggregated payment ecosystem to address pain points in enterprise operations, park management, and consumer services [1]. - The financial management platform launched by the bank connects multiple bank systems, enabling real-time visibility and intelligent scheduling of funds, thus transforming financial management from manual to digital [2]. Group 2: Digital Transformation in Logistics and Markets - The bank has tailored a park service platform and a smart market system to meet the digital transformation needs of Linyi's logistics parks and specialized markets, integrating financial services into park management [2]. - As of now, the platform has been implemented in three logistics parks and three specialized markets in Linyi, effectively addressing issues of management inefficiency and fragmented services [2]. Group 3: Scene-Based Services - A one-stop aggregated payment platform has been introduced to streamline payment processes for merchants, integrating major payment channels and providing real-time fund settlement [3]. - The smart canteen system has been launched to cater to large-scale employee dining needs, significantly improving dining efficiency and reducing management costs [3]. Group 4: Future Outlook - The successful implementation of the three-dimensional digital service system exemplifies the bank's commitment to the "good quality finance" concept and highlights the role of financial technology in empowering the real economy [3]. - The bank plans to continue deepening the integration of finance and technology, focusing on key industrial chains and specialized parks in Linyi to optimize digital products and expand application scenarios [3].