ATACT PACITY AND AND A PRODUCT OF COLLECT CANCE OF CONSULTION OF CONTRACT OF 据了解，过去一年，湖北省上市促进会深入贯彻执行第五届理事会的各项决策，秉承服务宗旨，为会员单位搭建沟通交流平台，积极开展各类专题培训、走 访调研、座谈沙龙、论坛讲座、投融资路演活动等工作，在组织建设、服务会员等方面取得了突出成绩，在推动企业上市、提升上市公司质量、促进资本市 场健康发展方面发挥了积极作用。特别是聚焦会员需求，打造一系列服务品牌，如"资本市场领军人才计划""董秘专委会""走进沪深北港资本市场""走进上 市公司""企业服务一对一"等。 会上，湖北省上市促进会秘书长王长海作《2024年工作报告及2025年工作计划》，在认真回顾和总结工作的基础上，为进一步做好今后工作指明方向；湖北 省上市促进会监事长单位北京兴华会计师事务所（特殊普通合伙）湖北分所负责人施薇作《2024年财务收支报告》，报告明晰列出2024年财务收支情况、财 务管理情况，确保湖北省上市促进会财务管理工作的规范与透明。 大会选举了天风证券股份有限公司党委书记、董事长庞介民为新一任湖北省 ...

证券代码：601990 证券简称：南京证券 南京证券股份有限公司 Nanjing Securities Co.,Ltd. （南京市江东中路 389 号） 向特定对象发行 A 股股票 募集说明书 （修订稿） 保荐机构（主承销商） （云南省昆明市北京路 155 号附 1 号） 联席主承销商 （苏州工业园区星阳街 5 号） 二〇二五年六月 南京证券股份有限公司 向特定对象发行 A 股股票募集说明书 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假 记载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保 证募集说明书中财务会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明 其对发行人所发行证券的价值或者投资人的收益作出实质性判断或者保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责，由此变化引致的投资风险，由投资者自行负责。 南京证券股份有限公司 向特定对象发行 A 股股票募集说明书 重大事项提示 公司特别提 ...

我们必须看到，A股的赌民正在慢慢的专业化，或者被动的被消灭，或者主动的求提升，市场 的有效性正在提高，就像一个人，读书读到了四年级，就再也不会倒回到一年级的水平。同 时，国家队已经大量买入各种宽基指数，而A股的衍生品数量，也在逐步的增多中。 追求利润的经济体，利润可能会变成无源之水，而追求规模的经济体，未来也可能会通过规 模来调节利润。时代的齿轮正在转动，涓涓细流汇向大海。在未来，我们会迎来更专业，更 理性的投资者，会迎来更有效的市场，那么，那时候的A股生态又会变成什么样子呢？那时候 的土地，又会开出来什么样的花朵呢？我们有什么办法提前拿到未来的入场券么？ 最后用一首杜荀鹤的《小松》结束此文 自小刺头深草里， 而今渐觉出蓬蒿。 时人不识凌云木， 直待凌云始道高。 关注集思录微信 我以为，中国资本市场真正的特点有三个： 1.拥有全球最大规模的"赌民" 2.中国上市公司整体盈利能力偏低 3.中国缺少做空工具 一、中国拥有全球最大规模的"赌民"。这样的人群，广泛分布在我们的周围，我的亲戚 A,B,C，我的同学D,E，我的朋友F,G，都是这样的人。这样的人作为一个群体，拿着自己起早 贪黑的钱，就敢赌妖股，听消息，押重 ...

Group 1 - The Hong Kong stock market has shown a stronger performance compared to the A-share market this year, leading to increased investor attention on the lower valuations of Hong Kong stocks [1] - The AH share premium index has fallen below 130, indicating a convergence in valuation between A-shares and H-shares, with instances of leading stocks like CATL having higher H-share prices than A-shares [1][2] - The decline in AH share premium is attributed to changes in investor sentiment towards value investing, capital market openness, and the transition of the macro economy towards high-quality development [2] Group 2 - The influx of mainland capital into the Hong Kong market through the Stock Connect program has significantly improved liquidity, with over 720 billion HKD net inflow this year, accounting for nearly one-sixth of the total since the program's inception [1] - The presence of high-quality internet technology companies in the Hong Kong market enhances its attractiveness, especially with significant investments in artificial intelligence [2] - The trend of leading A-share companies, such as CATL, listing in Hong Kong to expand overseas business aligns with market perceptions of how Chinese enterprises can break through, thereby boosting valuations of Hong Kong-listed companies [2][3] Group 3 - The increasing number of non-traditional financial and energy companies listing in Hong Kong suggests a future influx of quality Chinese assets, which will attract additional trading capital [3] - As the scarcity of companies in the Hong Kong market continues and southbound capital flows increase, the pricing power of mainland investors over Hong Kong stocks is expected to rise, potentially leading to further convergence of liquidity discounts [3]

香港交易所主席唐家成说，有190家公司在港交所排队上市。 现在，终于排到了备受关注的曹操出行。 2025年6月25日，曹操出行(02643.HK)正式在港交所主板挂牌上市。上市首日，股价大幅低开，截至午间收盘，曹操出行股价为35.75港元/股，相较发行价 下跌14.76%，总市值达到195亿港元。 | 曹操出行(HK:02643) | | | | 加自选 | | --- | --- | --- | --- | --- | | HK$36.00 -5.94 -14.16% [Qx时情 | | | 已收盘 06-25 16:08:13 北京时间 | 619 球友关注 | | 最高:36.80 | 今开:33.80 | 成交量:1353.79万股 | 换手:2.49% | | | 最低: 32.85 | 昨收:41.94 | 成交额:4.85亿 | 振幅:9.42% | | | 52周最高: 36.80 | 量比: -- | 市盈率(动)：亏损 | 市盈率(TTM): 亏损 | | | 52周景低: 32.85 | 委比: -98.20% | 市盈率(静): 与损 | 市净率:3.39 | | | 每股收益: -2 ...

欧洲央行副总裁德金多斯：关于完成资本市场联盟，已经有很多讨论，但几乎没有结果。 ...

Group 1 - The core viewpoint emphasizes the challenges and opportunities in applying large models in the financial industry, particularly regarding regulatory accuracy, responsibility attribution, and the risk of "resonance effects" [1][3][4] - Large models are widely used by institutional and individual investors, significantly enhancing efficiency by processing vast amounts of information and supporting tasks like report writing, thus reducing production costs [3][4] - The financial sector's high demands for model accuracy, interpretability, and robustness pose significant barriers to the implementation of large models [4][5] Group 2 - China's capital market is increasingly open to foreign investment, with recent policies aimed at optimizing the Qualified Foreign Institutional Investor (QFII) system and expanding the range of tradable products [5][6] - Foreign capital has generated substantial returns in China's capital market over the past two decades, and its entry brings advanced international experience, enhancing market efficiency and risk management [5][6] - Both domestic and foreign institutional investors have achieved excellent investment performance, with foreign investors leveraging global research capabilities and domestic investors capitalizing on local market insights [6]

金十数据6月26日讯，韩国总统李在明26日在国会发表施政演说，呼吁国会及时处理补充预算案。李在 明在讲话中强调搞活民生和提振经济是当务之急。他表示，若当前的低增长状态长期持续，将陷入更难 把握机会、竞争和矛盾激化的恶性循环。李在明强调，要实现资本市场正常化运转。只要资本市场恢复 透明公正运转，就能形成经济复苏、企业发展的良性循环，进而迈入韩国综合股价指数（KOSPI）突破 5000点大关的时代。 （韩联社） 韩总统：要实现资本市场正常化运转 迈入KOSPI突破5000点大关的时代 ...

Group 1 - The key to the KOSPI reaching 5,000 points is a transparent capital market [1] - South Korea needs to make bold investments in artificial intelligence and semiconductor sectors [1] - There is an urgent need for South Korea to transition to renewable energy [1] Group 2 - A pragmatic foreign policy is necessary to address trade issues [1] - The government is calling for cooperation from the parliament regarding a supplementary budget of 30.5 trillion won [1]

Core Viewpoint - The introduction of the "1+6" policy measures by the China Securities Regulatory Commission aims to break the barriers for high-quality, unprofitable technology companies to access the capital market, reflecting a shift from focusing solely on profitability to recognizing potential growth [1][2]. Group 1: Policy Changes - The new measures include the establishment of a growth tier for the Sci-Tech Innovation Board and the reintroduction of the fifth listing standard for unprofitable companies [1]. - The third listing standard will also be officially implemented on the Growth Enterprise Market to support high-quality, unprofitable innovative companies [1]. Group 2: Market Evolution - The shift from "looking at profits" to "looking at potential" is a significant innovation in capital market system construction, aligning with the evolving industrial landscape and the need for diverse listing standards [2]. - Emerging industries such as artificial intelligence, commercial aerospace, and low-altitude economy are rapidly developing, necessitating patient capital support for technology companies that require long investment cycles [2]. Group 3: Implications for Companies - Breaking down the barriers for unprofitable companies to list is crucial for technology firms to leverage capital market resources, accelerate the transformation of technological achievements, and convert "technological fantasies" into real productivity [3]. - The growth of companies in fields like artificial intelligence and quantum communication will drive the upgrade of industries towards higher-end, intelligent, and green development [3]. Group 4: Investor Protection Measures - To mitigate risks associated with unprofitable technology companies, regulatory measures include the introduction of experienced institutional investors to help assess company value and the implementation of special identifiers for newly registered unprofitable tech companies [3]. - These measures aim to ensure that investors are aware of the risks associated with investing in early-stage companies and to promote rational decision-making [3]. Group 5: Early Results - Since the implementation of the fifth listing standard, over 20 unprofitable companies on the Sci-Tech Innovation Board have achieved profitability and successfully removed their special identifiers [4]. - The focus is on maintaining quality control while balancing market vitality and risk management, fostering a healthy ecosystem for startups, growth companies, and mature enterprises [4].