Core Viewpoint - The article emphasizes the importance of long-term investment philosophy in China's financial industry, highlighting how it aligns with the country's high-quality development goals and the core values of integrity, innovation, and compliance [1][2]. Group 1: Long-term Investment Philosophy - The long-term investment philosophy is deeply rooted in the company's culture, with a focus on customer interests and asset preservation [2][3]. - The company has consistently integrated long-termism into its operational and management processes, ensuring that all employees adhere to this principle [2][3]. Group 2: Investment Strategy - The investment approach is based on deep research and value discovery, aiming for long-term stable excess returns [3]. - The company has established a management model that supports small teams within a larger platform, fostering a differentiated and stable investment style [3]. Group 3: Client Services - The company is committed to providing clients with long-term stable investment returns by developing products that meet diverse investor needs and reducing management fees [4]. - It has initiated educational programs and innovative advisory services to support clients throughout their investment journey, especially during market fluctuations [4]. Group 4: Technological and International Expansion - The company is proactive in exploring technological innovations, such as artificial intelligence, to enhance asset management capabilities for sustainable growth [5]. - It has established long-term strategic partnerships with leading institutional investors across Europe, Asia-Pacific, and the Americas to promote global business development [5]. Group 5: Future Commitment - The company plans to continue reinforcing its commitment to long-termism, focusing on investor interests and cultural foundations to navigate a changing and uncertain environment [5].

Core Insights - The successful conclusion of the "Language New Force - Workplace Communication and Charismatic Expression Training Class" was held on September 16 at the headquarters of CITIC Construction Investment Futures [1] - The event showcased the learning outcomes and team creativity of participants from the headquarters and the Chongqing branch through various language programs [3] Group 1 - The training class included diverse performances such as recitations, speeches, and dramas, with a collective recitation titled "One Day" paying tribute to the 80th anniversary of the victory in the War of Resistance, deeply moving the audience [3] - This event not only served as a report on the training class's achievements but also demonstrated the company's commitment to promoting Chinese financial culture and the culture of the futures industry [3] - The training combined professional expression with cultural literacy, enhancing employees' comprehensive abilities while promoting the core values of compliance, integrity, professionalism, stability, and responsibility within the industry [3] Group 2 - CITIC Construction Investment Futures adheres to the "Employee First" philosophy, providing various training and cultural activities to create growth platforms and stimulate organizational vitality [3] - The company plans to continue organizing diverse and rich cultural activities to empower employees' comprehensive development and foster a positive, collaborative team atmosphere [3] - The initiatives aim to fully showcase the good spirit and professional qualities of the company's employees [3]

银河金汇证券资产管理有限公司 于丽红 推动金融高质量发展、建设金融强国，要坚持法治和德治相结合。2024年5月，最高人民法院、最高人 民检察院、公安部、中国证券监督管理委员会联合印发《关于办理证券期货违法犯罪案件工作若干问题 的意见》，强调坚持"零容忍"；2025年2月，证监会与最高检联合举行新闻发布会，表示依法从严打击 证券违法犯罪，将着力推动行刑双向衔接，加快构建立体化追责体系。 厉行法治固然有助于金融秩序安全稳定，但培育和强化中国特色金融文化，为法治注入德治的基因同样 至关重要。积极培育中国特色金融文化，是有效防范金融风险、提升国际竞争力的必然要求，更是推动 我国从金融大国走向金融强国的必然要求。有必要深入剖析证券基金领域金融犯罪实务，揭示其文化成 因，探寻夯实行业文化建设的思想根基，方能从源头上预防金融犯罪。 业务行为类犯罪数量居多 据公开数据不完全统计，2022年1月1日至2025年6月30日，全国法院一审已判决及监察机关已立案、检 察机关已批准逮捕（已明确涉案罪名）的证券基金从业人员金融犯罪案件约207件。 从犯罪行为类型来看，业务行为类犯罪显著多于职务廉洁类行为犯罪。按犯罪行为是否侵犯职务廉洁， ...

● 银河金汇证券资产管理有限公司 于丽红 业务行为类犯罪数量居多 据公开数据不完全统计，2022年1月1日至2025年6月30日，全国法院一审已判决及监察机关已立案、检 察机关已批准逮捕（已明确涉案罪名）的证券基金从业人员金融犯罪案件约207件。 从犯罪行为类型来看，业务行为类犯罪显著多于职务廉洁类行为犯罪。按犯罪行为是否侵犯职务廉洁， 可分为业务行为类犯罪与职务廉洁类行为犯罪。前述207件案件中，业务行为类犯罪共181件，涉186个 罪名，占比87%，其中非法吸收公众存款罪案件最多，为167件。职务廉洁类行为犯罪共26件，涉30个 罪名，其中受贿罪案件最多，为14件（含监察委已立案未判决4件）。 推动金融高质量发展、建设金融强国，要坚持法治和德治相结合。2024年5月，最高人民法院、最高人 民检察院、公安部、中国证券监督管理委员会联合印发《关于办理证券期货违法犯罪案件工作若干问题 的意见》，强调坚持"零容忍"；2025年2月，证监会与最高检联合举行新闻发布会，表示依法从严打击 证券违法犯罪，将着力推动行刑双向衔接，加快构建立体化追责体系。 厉行法治固然有助于金融秩序安全稳定，但培育和强化中国特色金融文化，为 ...

Core Viewpoint - The financial industry must prioritize cultural construction as a strategic foundation for sustainable development, with risk culture being a core component of China's financial culture system, essential for high-quality and sustainable growth [1] Group 1: Risk Management Culture - Shanxi Securities adheres to the principle of "if it is unclear and unmanageable, do not expand," emphasizing a prudent culture that incorporates awareness and determination to maintain risk boundaries [2] - The company has established a four-tier risk management organization involving the board, management, internal control, and business departments to set and enforce risk preferences and bottom lines [2] - For new businesses, the company identifies major risks and implements corresponding control measures, refusing to enter businesses with unclear risks, prioritizing cautious advancement over blind expansion [2] Group 2: Practical and Problem-Oriented Culture - Shanxi Securities emphasizes substance over form in risk management, rejecting formalism that prioritizes procedures over effectiveness [3] - The company has implemented a "supervision system" to actively regulate its operations, with dedicated internal control personnel in all departments to enhance risk management effectiveness [3] - This approach allows the company to focus on the essence of business risks, predict potential risks, and effectively manage existing risks to ensure healthy operations [3] Group 3: Innovative Culture - With the ongoing reform of the capital market, Shanxi Securities recognizes the need for digital transformation in risk management due to increasing risk complexity and concealment [4] - The company is developing a risk management ecosystem centered around a big data center, launching systems for market risk management and unified client management to enhance risk visibility and management agility [4] - This digital approach significantly improves the company's ability to foresee and penetrate risks, establishing a robust digital risk defense for sustainable development [4] Group 4: Professional Culture - Shanxi Securities has developed a comprehensive risk management talent training system, focusing on both ideological guidance and professional development [5] - The company promotes a culture of risk awareness among employees through regular training and communication, fostering an environment where everyone prioritizes risk control [5] - Over 66% of the headquarters' risk management personnel hold financial risk management certifications, enhancing the professional capabilities of employees in understanding financial regulations and solving complex issues [5]

Core Viewpoint - The article emphasizes the commitment of Pengyang Fund to high-quality development in the public fund industry, aligning with the principles outlined by General Secretary Xi Jinping regarding the cultivation of a distinctive Chinese financial culture. Group 1: Integrity and Trust - Pengyang Fund regards "integrity and trust" as its lifeline, implementing measures such as signing the "Industry Culture Self-Discipline Commitment," enhancing employee ethics training, and establishing a corporate culture assessment mechanism to promote integrity as a collective action [2]. - The company ensures the authenticity and completeness of information disclosure processes, safeguarding investor rights by preventing false statements [2]. Group 2: Customer-Centric Approach - The company prioritizes customer interests, opposing profit-driven motives, and offers tailored products and services based on investors' risk preferences and goals [3]. - Pengyang Fund actively fulfills social responsibilities, contributing to pandemic relief, poverty alleviation, and educational support, while also engaging in community financial literacy initiatives [3]. Group 3: Risk Management - The company adopts a "professional and prudent" operational philosophy, establishing a rigorous risk management and investment research system [4]. - Pengyang Fund focuses on long-term value in equity investments and adheres to a high-grade credit bond strategy in fixed income investments, maintaining a record of "zero defaults" since its inception [4]. Group 4: Innovation and Economic Support - The company aligns product innovation with the needs of the real economy, engaging in various financial sectors such as technology finance, green finance, and inclusive finance [5]. - Pengyang Fund has developed an ESG investment system and launched products aimed at supporting energy transition and retirement planning, thereby driving development through innovation [5]. Group 5: Compliance and Governance - The company views compliance as essential for survival, establishing comprehensive institutional processes and assessment mechanisms across all business lines [6]. - Pengyang Fund promotes a "zero tolerance" attitude towards violations and actively cooperates with industry supervision to maintain governance and uphold market trust [6].

薛军 中国平安人寿山东分公司党委副书记 副总经理 三、审慎行使选择权。在听取公司适当性匹配建议时，要着重关注产品风险等级与自身承受能力的匹配 度，结合家庭财务状况进行审慎决策。需要强调的是，金融消费者始终是风险决策的第一责任人，任何 代为评估行为都可能埋下风险隐患。 公司不会过度搜集客户信息，适当性义务的履行帮助消费者识别风险边界，防控过度消费。这不仅是监 管要求，更是对消费者权益的立体化保护。 负责任的金融机构和理性审慎的金融消费者是金融行业良性发展的基石。金融消费者风险意识提高，有 助于促进金融市场健康发展，公司将以常态化和集中式金融教育宣传为抓手，帮助消费者掌握基础金融 知识，理解适当性原则，携手培育"知风险、懂配置、会选择"的金融消费新生态，为建设中国特色金融 文化贡献专业力量。 一、明确自己需求。买保险前需要清晰认识自己的家庭结构、健康状态和职业风险。是优先配置医疗险 和意外险，还是重点考虑重疾险与寿险保障。 二、坚持诚信原则。公司建议消费者主动提供真实健康信息、如实填写《投保需求分析问卷》，只有详 细了解客户的身体和经济状况、风险偏好、已购买同类保险等情况，才能给出更精准的保障建议。 作为金融为民 ...

九月开学季至，传统文化之舟再度启航。 2025年是百年人寿"启行工程"巩固攻坚的关键之年，公司在坚持价值转型发展中，始终将"以有生命力的企业文化"作为三 大抓手之一，加强文化建设，全面强化合规文化、长期主义信念以及内部管理文化，推动企业文化切实转化为企业发展动 能，充分发挥文化引领作用，为公司高质量发展提供持久支撑。 每年的传统文化学习活动，正是百年人向古代先贤汲取文化智慧的方式之一。 今年，为深化落实中国特色金融文化"诚实守信、以义取利、稳健审慎、守正创新、依法合规"的基本理念，结合领导在年 中会中的讲话精神，将传统文化中儒家思想与职业道德、道家智慧与风险管理、诚信文化与长期主义相结合，从知识普及 深化到价值认同和行为习惯的养成，用先贤智慧营造风清气正的百年风气，赋能业务发展。 今年的传统文化学习沿用线上、线下相结合的学习方式，由总公司董办与党群工作部结合公司现阶段企业文化发展需求， 精心筛选了12讲贴合主题、符合主旨的学习短视频，并制作完成12讲学习课件。于9月1日起通过公司邮件、企业微信、公 司早会、学习专题会等形式，组织全体内外勤参与学习。为营造良好的学习氛围和文化环境，总分公司充分利用职场电 视、展 ...

Core Viewpoint - China Galaxy Securities, as the first state-owned securities company in China, has achieved significant growth over 25 years, with operating income increasing 11 times, net profit 12 times, and total assets 15 times, positioning itself among the top five in the industry [1][2][3] Group 1: Company Development and Achievements - The company has maintained a strong brand influence and resilience, achieving its highest net profit for the first half of 2025 since its establishment [2] - The company emphasizes the importance of adhering to the leadership of the Communist Party and integrating its operations with national development strategies [2][3] - The company has established a comprehensive business layout and aims to become a first-class investment bank with international influence [1][2][3] Group 2: Governance and Integrity Initiatives - The company has implemented the "Clean Galaxy" initiative to enhance party leadership and governance, focusing on political integrity and accountability [4][5] - The "Clean Galaxy" initiative includes a three-year action plan (2022-2024) aimed at improving the political ecology and establishing a culture of integrity within the organization [5] - The company has developed various educational and supervisory mechanisms to promote compliance and ethical behavior among employees [5] Group 3: Financial Services and National Strategy - The company is committed to serving national strategies and enhancing its financial services capabilities, focusing on the "Five Major Articles" of financial service [6][7] - It has established a leadership group to coordinate efforts in supporting national strategies and has integrated these efforts into its business development strategy [6] - The company aims to strengthen its international competitiveness and enhance its role in global financial cooperation, particularly in the context of the Belt and Road Initiative [8][11] Group 4: Cultural Development - The company has developed a unique corporate culture centered on Chinese financial values, which has received the highest AA rating for four consecutive years [9][10] - It has implemented a cultural construction model that emphasizes responsibility, leadership, efficiency, collaboration, integrity, and stability [10] - The company integrates its cultural values into employee training and assessment, promoting a cohesive corporate identity [10]

Core Viewpoint - China Galaxy Securities, as the first state-owned securities company in China, has achieved significant growth over 25 years, with operating income increasing 11 times, net profit 12 times, and total assets 15 times, positioning itself among the top five in the industry [1][2][3] Group 1: Company Development and Achievements - The company has maintained a strong brand influence and resilience, achieving its highest net profit for the first half of 2025 since its establishment [2] - China Galaxy Securities has formed a diversified and stable business layout, consistently ranking in the top five for key operational indicators [2][3] - The company aims to become a first-class investment bank with international influence, focusing on efficient operations, robust risk control, and comprehensive services [1][2][3] Group 2: Strategic Goals and Principles - The company emphasizes five persistent principles: adherence to party leadership, serving the overall situation, aspiring for high goals, customer-centricity, and seeking progress while maintaining stability [3][4] - It aims to deepen its understanding of high-quality development and align its operations with national strategies [2][3] Group 3: Governance and Integrity Initiatives - China Galaxy Securities has implemented the "Clean Galaxy" initiative to enhance governance and integrity, focusing on political construction and high-quality party building [4][5] - The company has established a comprehensive supervision system and educational programs to promote a culture of integrity among employees [5][6] Group 4: Financial Services and National Strategy - The company is committed to serving national strategies through financial services, establishing a leadership group to coordinate efforts and ensure alignment with high-quality development [6][7] - It has developed a collaborative mechanism with local governments and enterprises to enhance its role in supporting national strategies [6][7] Group 5: International Expansion and Market Influence - China Galaxy Securities is expanding its presence in Southeast Asia and Hong Kong, establishing a cross-border service ecosystem to support Chinese enterprises in the region [7][8] - The company has successfully facilitated significant IPOs and mergers in Southeast Asia, enhancing its brand influence in the region [7][8] Group 6: Cultural Development and Employee Engagement - The company promotes a unique financial culture, integrating it into employee training and performance assessments to foster a cohesive corporate identity [10][11] - It has received the highest rating for cultural development in the industry for four consecutive years, reflecting its commitment to cultivating a strong corporate culture [10][11] Group 7: Future Outlook - Looking ahead, China Galaxy Securities aims to enhance its operational efficiency, risk management capabilities, and international competitiveness, aspiring to be a globally recognized investment bank [11]