深耕香港市场，合规筑牢发展根基。盈宝证券是香港证监会持牌法团(持牌编号：BRG131)，持有1、4、9号核心业务牌 照，凭借合规经营的理念与扎实的专业底蕴，打造新一代互联网资管+财富管理券商平台，为全球投资者提供安全、高 效、多元的金融服务，涵盖港美股实时行情、证券交易及全方位财富管理解决方案。 此次获奖的核心优势领域——经纪业务，更是盈宝证券的实力王牌。依托技术赋能与客户需求导向，其经纪业务矩阵全 面覆盖港股、美股交易，期权交易、保证金融资等核心业务，包含IPO新股融资及暗盘交易、货币基金等多元产品，满 足不同投资者的交易与配置需求。在美股交易服务上，盈宝证券表现尤为亮眼，支持美股DRS/DWAC/DTC/FOP/等多种 转仓模式，同时规划加密货币交易功能，持续拓展业务边界，打造全场景交易服务生态。 香江潮起，见证卓越。12月5日下午，"2025·金中环论坛 "在香港中环盛大启幕，由智通财经联合香港中资证券业协会主 办的金融盛会，汇聚了业界精英与权威机构，成为洞察资本市场趋势、表彰行业优秀力量的核心舞台。大会现场，第七 届"金中环"榜单重磅揭晓，盈宝证券凭借在经纪业务领域的卓越表现与资产管理业务的协同优势， ...

证券时报记者黄钰霖 12月以来，银行业进入"开门红"备战阶段。证券时报记者调查发现，多家城商行阶段性上调了存款利率 吸引储户，幅度可达25个基点。除了积极揽储，还有银行重点发力理财、基金等财富管理产品，推出费 率优惠。 业内人士分析，近期阶段性上调存款利率的多为区域性城农商行，目的是在年末等关键节点吸引新资 金、留住老客户，也是应对"大行下沉"的竞争。与此同时，银行业息差仍处历史低位，营收压力不减， 因此银行"开门红"方向愈发多元化，除揽储、信贷等规模指标外，财富管理指标重要性凸显，力求提升 中间业务收入。 中小银行逆势上调存款利率 "特别是中小银行，与全国性大行相比，其品牌影响力和客户基础相对较弱，因此往往在关键时点通过 适度提高利率来吸引新资金、留住老客户。"董希淼认为，这也是中小银行应对存款竞争、完成业绩考 核的直接手段。 "财富管理"成重要指标 值得一提的是，多家银行将明年"开门红"的重点转向财富管理，力求"多点开花""一客多产品"，发力存 款、贷款、理财、基金、银保多个细分产品。 "这是开放限额5000万元的理财，收益还不错，您可以下周一早上9点抢一下。"刚刚进入12月，华东某 城商行一客户经理就向 ...

Group 1 - The National Financial Regulatory Administration has adjusted risk factors for insurance companies, reducing the risk factor for stocks held over three years from 0.3 to 0.27 and for stocks held over two years from 0.4 to 0.36 [2][5] - The risk factor for export credit insurance and overseas investment insurance premiums has been lowered from 0.467 to 0.42, and the reserve risk factor from 0.605 to 0.545 [5] - Insurance companies are encouraged to improve internal controls and enhance long-term investment management capabilities [5] Group 2 - The China Securities Regulatory Commission emphasizes the need for securities firms and investment institutions to meet diverse wealth management demands and enhance their service offerings [3] - The focus is shifting from price competition to value competition, with larger institutions encouraged to integrate resources and smaller firms to specialize in niche markets [3] Group 3 - Baidu Group is evaluating the potential spin-off and independent listing of its subsidiary Kunlun Chip, with no guarantee that the process will proceed [4] - There are reports of price adjustments for the core product of Wuliangye, with discounts leading to a potential effective price drop to around 800 yuan per bottle, although the company clarifies that the factory price remains unchanged [4] Group 4 - The China Securities Association has appointed new leadership, with Zhu Jian from Guotai Junan Securities as the new president [7] - China People's Insurance Group is under investigation for alleged serious violations by its vice president, but this does not affect the company's operations [7] Group 5 - The European Union has fined Elon Musk's social media platform X 120 million euros for non-compliance under the Digital Services Act [9] - Musk has publicly criticized the EU's actions, claiming they are targeted at American companies and threatening retaliatory measures [8][9] Group 6 - OpenAI is set to launch its latest model, GPT-5.2, earlier than planned in response to competition from Google's Gemini 3 [10] - The upcoming model is expected to outperform Gemini 3 in reasoning capabilities [10] Group 7 - The new performance assessment guidelines for fund management companies emphasize linking performance pay to fund performance, with specific penalties for underperformance [19][24] - The guidelines require that fund managers whose products underperform by more than 10% must see a significant reduction in their performance pay [24] Group 8 - The Sichuan Provincial Government has launched a three-year action plan to promote enterprise listings and mergers, focusing on various stages of the listing process [14] - The plan includes measures to enhance the quality of listed companies and support their growth [14]

证券时报记者 黄钰霖 12月以来，银行业进入"开门红"备战阶段。证券时报记者调查发现，多家城商行阶段性上调了存款利率吸引储户，幅度可 达25个基点。除了积极揽储，还有银行重点发力理财、基金等财富管理产品，推出费率优惠。 业内人士分析，近期阶段性上调存款利率的多为区域性城农商行，目的是在年末等关键节点吸引新资金、留住老客户， 也是应对"大行下沉"的竞争。与此同时，银行业息差仍处历史低位，营收压力不减，因此银行"开门红"方向愈发多元化， 除揽储、信贷等规模指标外，财富管理指标重要性凸显，力求提升中间业务收入。 中小银行逆势上调存款利率 "马年争先！盛京银行三年期存款年化利率达1.95%。"林先生近日收到盛京银行上海某支行客户经理的信息，对方表示， 该产品1万元起存，且限定在该行存有20万元及以上金融资产的客户参与，存入符合条件的新资金后，还可以参与抽奖活 动。 不仅是盛京银行，近期，上海银行、吉林银行等均逆势上调了定期存款产品的利率。 "我行定期存款吉享存A款三年期年利率为2%，一年期年利率为1.65%。"吉林银行工作人员表示，两款产品都为1000元起 存。根据吉林银行官网挂牌利率，该行整存整取三年期、一年期利率 ...

【导读】国联民生证券总裁葛小波：当好"财富医生"，开好"资产药方" 【编者按 】 中央金融工作会议首次提出"金融强国"目标，明确要"培育一流投资银行和投资机构"。新"国九条"的出台绘制了更为清晰的 路线图——到2035年，"一流投资银行和投资机构建设取得明显进展"。 站在"十五五"新征程的起点，金融机构如何践行金融工作政治性、人民性，做实做透金融"五篇大文章"，服务实体经济高质量发展，为居 民财富保驾护航，成为市场关注焦点。为此，中国基金报 特 推出对话金融高管专栏，深度对话金融领域"话事人"，为行业发展建言献策。 中国基金报记者 闫晶滢 中国金融行业逐渐步入财富管理与资产管理深度融合的新时代。"证券业高质量发展28条"提出，引导券商规范开展资产管理业务，提升主 动管理能力，更好发挥财富管理与资产管理协同转型的合力，为券商践行金融人民性、做好社会财富"管理者"提供了新思路。 近期，中国基金报记者独家专访了国联民生证券党委副书记、执行董事、总裁葛小波，深入探讨券商财富管理转型与资产管理协同发展所 面临的机遇和挑战。 "财富管理面对的是人而不是策略，培养充分的信任感是很难的一件事。"在葛小波看来，这正是财富管理远 ...

卅年砥砺，风云激荡。从扎根一隅、服务地方的"金融毛细血管"，到与国同梦、与城共进的"经济重要 支柱"，中国城市商业银行用三十载时光，完成了一场波澜壮阔的跨越与重塑。在此背景下，金融界重 磅推出"城商行三十年：跨越与重构"系列策划，系统梳理城商行蜕变为区域金融支柱的历程，剖析行业 挑战与未来航向。 本文聚集贵阳银行。在曾连续多年GDP增速领跑全国的贵州，贵阳银行28年的成长史，正是区域城商行 蝶变的生动样本。1997年从25家城市信用社整合起步，如今以超7000亿元资产规模稳居贵州第一大法人 金融机构，其每一步跨越都与黔贵大地的发展脉搏同频共振。 一部与区域共生的成长史诗 1997年4月，贵阳市瑞金北路上的彩旗见证了贵州金融史的重要时刻——贵阳城市合作银行正式诞生。 这家由25家城市信用社整合而成的金融机构，以2亿元注册资本开启了本土金融服务征程，跻身中国最 早成立的一批城市商业银行之列。成立之初便锚定的"服务市民、服务中小、服务地方"初心，自此贯穿 其发展全程。 从名称迭代到版图扩张，贵阳银行的成长轨迹清晰可循：1998年更名为"贵阳市商业银行"；2008年毕节 分行设立，吹响跨区域经营的号角；2010年完成 ...

财富集中度再创新高 2025年多项权威报告一致指出，全球13%的成年人口掌握着85%的社会财富，其中仅占3%的企业领袖位于决策链最顶端。在这群人中，超高净值家庭（可投 资资产≥2500万美元）约24.9万户，资产过亿者约4.9万户，十年增长80%。他们用1%的数量贡献了38%的流动金融资产，上层超高净值客群更独占26%，成 为名副其实的"皇冠明珠"。 中国成为增长极，画像多元 中国是这片"财富蓝海"最活跃的增量市场。中老年第一代民营企业家仍占主导，多来自工程、制造等传统行业；与此同时，大型企业董监高、企业家配偶、 中青年创业者、富二代及演艺界成功者共同构成了多元面孔。区域差异之外，代际差异也在放大：Z世代日均刷社媒128分钟，KOL种草驱动消费；X世代及 更年长者则依赖电视等传统渠道，品牌历史与可靠性才是决策核心。 东西市场价值取向泾渭分明 东方市场崇尚"新"与"贵"。中国、东南亚、中东的高净值人群把科技创新和身份象征放在首位：虚拟现实、智能家居购买意愿全球领先；汽车消费中，中国 纯电/插混意向世界第一，车辆首先是身份符号。美妆赛道更直观：中国"成分党"愿为单件护肤品支付288美元，是北美的两倍；东南亚追独特 ...

智通财经APP获悉，12月5日下午，由智通财经、香港中资证券业协会主办的第七届"2025・金中环论坛暨金融机构榜颁奖典礼"在香港中环圆满落幕。会上 重磅揭晓了第七届"金中环"金融机构榜单，方德证券有限公司凭借在财富管理领域的专业化服务能力，从众多参评机构中脱颖而出，成功斩获"财富管理最 佳表现奖"，彰显了业界对其财富管理业务实力的高度认可。 本次论坛由全球领先的港美股资讯平台智通财经、香港中资证券业协会和新智基金网联合主办，由建银国际、久期财经协办，由冬日暖阳独家承办，同时由 多家权威金融机构提供战略合作：香港中国金融协会、中国首席经济学家论坛、香港河北金融专业委员会、方德证券有限公司等。 历经七届沉淀，"金中环"论坛已成为汇聚行业智慧、见证金融创新的重要平台，其评选结果基于机构业务规模、项目质量、市场影响力等多维度指标，具有 广泛公信力。此次获奖，既是对方德证券在财富管理业务领域卓越执行能力的肯定，更是对其以客户为中心、持续优化服务生态成效的认可。方德证券私人 财富管理团队以全球高净值及超高净值客户为核心服务对象，依托领先的金融科技平台、丰富的全球化产品供给、成熟的专业投研团队及高效的体系化协同 优势，助力 ...

Core Insights - The cross-border wealth management scheme, known as the Cross-Border Wealth Management Connect, has evolved to version 2.0, allowing brokerages to transition from traditional product channels to cross-border wealth management platforms, although challenges remain in market awareness and regulatory compliance [1][2]. Group 1: Institutional Evolution - The launch of the Cross-Border Wealth Management Connect marks a significant step in financial market connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area, creating a funding loop through the banking system for residents to invest in each other's markets under compliance [2]. - Initially, the program was bank-led, focusing on low to medium-risk products, but the upgrade to version 2.0 has included qualified brokerages, creating a dual-channel system that expands product offerings to include medium to high-risk public funds [2]. Group 2: Brokerages' Role - Currently, only 14 brokerages are participating in the pilot, and their business volume is significantly lower than that of banks, but this presents an opportunity for brokerages to transform into central platforms for cross-border asset allocation and global capital markets [4]. - Brokerages are well-positioned to act as buy-side advisors for cross-border asset allocation, especially as the variety of investable products increases, catering to high-net-worth clients focused on long-term asset growth [4][5]. Group 3: Current Challenges - Despite rapid growth in participation, overall market awareness and engagement remain low, with significant disparities in fund usage between southbound and northbound channels, indicating a lack of understanding and accessibility [6][7]. - Strict compliance regulations hinder proactive outreach and investor education, limiting the ability of institutions to effectively communicate and engage with potential clients [7]. Group 4: Optimizations in 2.0 Pro Version - The Hong Kong Securities and Futures Commission's recent measures in the 2.0 Pro version allow for improved communication between institutions and clients, enabling brokerages to explain product details more effectively under a compliant framework [8][9]. Group 5: Future Recommendations for 3.0 Version - For the future 3.0 version, it is recommended to enhance suitability and information disclosure, allowing for a more comprehensive explanation of products based on asset allocation and risk budgeting [10]. - Exploring mutual recognition of advisory licenses between mainland and Hong Kong professionals could facilitate a shift from product sales to professional consulting services [10]. - Introducing a dynamic quota management mechanism could attract more high-net-worth clients by allowing for tiered limits based on financial capacity and risk tolerance [12].

Core Viewpoint - The 2026 Industrial Bank Wealth Management Conference highlighted the bank's commitment to enhancing its wealth management services in alignment with national strategies for common prosperity, aiming to significantly grow its assets under management (AUM) and support residents in wealth preservation and appreciation [1][2]. Group 1: Conference Highlights - The conference featured key speeches from prominent figures, including the chairman of Industrial Bank, emphasizing the importance of wealth management in the context of national economic strategies [1][2]. - A total of 42 representatives from various financial sectors, including funds, securities, and insurance, gathered to discuss new trends in wealth management, bank-insurance cooperation, and digital innovation [1]. Group 2: Business Strategy - Industrial Bank aims to strengthen its wealth management business as part of its "Wealth Bank" initiative, which is one of its three key focuses, to support the common prosperity agenda [1][2]. - Since the start of the 14th Five-Year Plan, the bank's wealth AUM has increased from 2.52 trillion yuan to 3.95 trillion yuan, with over 210 billion yuan in asset appreciation for clients in the past three years [1]. Group 3: Future Directions - The bank plans to enhance its service to the real economy by facilitating the conversion of funds into investments, particularly in technology and industry, to achieve wealth appreciation for residents [2]. - There is a commitment to shift from merely selling products to helping clients allocate assets, improving professional capabilities in selecting strategies and products across domestic and international markets [2]. - The bank will continue to strengthen partnerships in wealth management, aiming for a more comprehensive and deeper collaboration to foster a healthier and more inclusive wealth management ecosystem [3].