"十四五"以来，我国金融业以加快建设金融强国为目标，在服务实体经济、防控金融风险、深化改革开 放中实现了规模与质量的历史性跨越。 记者获悉，2025年9月22日（星期一）下午3时，国务院新闻办公室将举行"高质量完成'十四五'规划"系 列主题新闻发布会，中国人民银行行长潘功胜，金融监管总局局长李云泽，中国证监会主席吴清，中国 人民银行副行长、国家外汇局局长朱鹤新将出席发布会，介绍"十四五"时期金融业发展成就，并回答记 者提问。 ...

其"五篇大文章"专项计划乡村振兴及普惠金融岗拟招聘10人，主要从事全行乡村振兴及普惠金融领域的 战略研究、政策制定、数据挖掘、产品创新、营销推广等相关工作；对应聘者的专业要求为城乡规划、 农业工程、农林经济管理、企业管理、中小企业创业与经营等相关专业。 除了金融科技人才成"香饽饽"以外，从银行本次秋招来看，不少银行还设置了"五篇大文章"专项计划岗 位。 譬如，农业银行"五篇大文章"专项计划绿色金融岗拟招聘10人，主要从事全行绿色金融业务领域的政策 研究制定、行业分析、产品创新、营销推广、环境与社会风险管理等相关工作；对应聘者的专业要求为 环境科学、能源工程、生态学、环境与资源经济管理、能源经济管理等相关专业。 深圳商报·读创客户端首席记者 谢惠茜 交通银行招聘公告中也显示，除了金融科技、营销、金科储备生、营运方向外，交行在金融服务中心、 信用卡中心以及省直分行招聘中，还专门设置了金融"五篇大文章"专项人才岗位。其中一个营销方向的 五篇大文章专项人才招聘中要求，了解党中央关于金融强国的建设目标和做好"五篇大文章"的工作部 署，做好相关领域客户的营销开拓及维护工作，挖掘公司、个人客户需求并为其制定个性化金融服务方 ...

Core Viewpoint - The Chinese capital market is undergoing a profound transformation from scale expansion to quality improvement, with a strategic goal of cultivating first-class investment banks and enhancing the functional positioning of the securities industry as outlined in the 2023 Central Financial Work Conference [1][2]. Group 1: Financial Strategy and Regulatory Changes - The 2023 Central Financial Work Conference introduced the goal of building a "financial power" and emphasized the cultivation of first-class investment banks, marking a historical shift in the functional positioning and development model of securities firms [2]. - The China Securities Regulatory Commission (CSRC) issued guidelines in March 2024 to strengthen the regulation of securities companies and public funds, prioritizing functional roles and setting specific requirements for market stability, professional capability enhancement, and long-term investor returns [2][3]. - The revised Securities Company Classification Evaluation Regulations, effective from August 2025, highlight the importance of functional performance and introduce new indicators to guide securities firms in enhancing their service capabilities [3]. Group 2: Business Transformation and Functional Enhancement - Investment banking is shifting from a focus on IPO underwriting to providing comprehensive lifecycle services, addressing the diverse needs of technology and green energy companies throughout their development stages [4][5]. - Wealth management is transitioning from a commission-based model to a client-centric advisory approach, emphasizing the importance of aligning services with clients' long-term wealth preservation and growth goals [6][7]. - Institutional business is evolving from basic trading services to a comprehensive capital intermediary model, driven by the diverse needs of institutional investors for integrated financial services [8]. Group 3: Professional Service Capability Improvement - The establishment of a unique financial culture and incentive mechanisms is crucial for supporting functional development, ensuring alignment with national financial reform and regulatory requirements [9][10]. - Enhancing business collaboration capabilities is essential for breaking down internal resource silos and maximizing comprehensive service efficiency, necessitating organizational adjustments and the establishment of collaborative management structures [11][12]. - Developing advanced financial technology capabilities is a key driver for functional construction, enabling a shift from traditional labor-intensive models to data-driven approaches that enhance client services, research analysis, and risk management [13][14].

Core Viewpoint - The company has achieved significant growth in its operating performance in the first half of 2025, with a consolidated revenue of 11.695 billion and a net profit of 4.284 billion, reflecting a year-on-year increase of 44.44% and 101.32% respectively [2] Group 1: Capital Market Development - The company remains optimistic about the development prospects of the Chinese capital market and actively supports its stability and expectations [4] - As one of the first financial institutions to participate in the central bank's swap facility, the company has been instrumental in maintaining market stability and providing liquidity support to various market segments [4][5] - The company is focused on internationalization and high-quality financial services to support the Belt and Road Initiative, assisting four companies in going public in Hong Kong and completing 114 overseas bond projects [4][5] Group 2: Investment Banking Performance - The company has successfully advanced quality investment banking projects, achieving a net income of 627 million from investment banking fees, a year-on-year increase of 49.12% [7] - The company ranks 7th in the industry for equity underwriting and 6th for bond underwriting, with historical highs in both categories [7][8] Group 3: Wealth Management Transformation - The company’s wealth management transformation is driven by customer needs, resulting in a 44.32% increase in net income from agency trading to 2.011 billion [10] - The number of retail clients has increased significantly, with over 10 million clients and a total of 4.77 trillion in client assets under custody [10] Group 4: Research and Innovation - The company has developed a comprehensive research system integrating investment, industry, and policy research, enhancing its professional and customized services [13] - The company has also seen growth in its FICC sales and trading business, maintaining a competitive edge and expanding its product offerings [14]

Core Viewpoint - Changjiang Securities reported significant growth in both revenue and net profit for the first half of 2025, indicating strong financial performance and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 4.705 billion yuan, a year-on-year increase of 64.79% [1]. - Net profit attributable to shareholders was 1.737 billion yuan, reflecting a year-on-year growth of 120.76% [1]. - In Q2 2025, total revenue was 2.19 billion yuan, up 43.79% year-on-year, while net profit for the same period was 757 million yuan, an increase of 96.75% [1]. - The net profit margin improved to 36.98%, a rise of 35.34% compared to the previous year [1]. - Earnings per share (EPS) increased to 0.3 yuan, marking a 130.77% year-on-year growth [1]. Asset and Liability Management - Cash and cash equivalents amounted to 56.848 billion yuan, a 35.48% increase from the previous year [1]. - The company maintained a healthy cash asset position, indicating strong liquidity [2]. Analyst Expectations - Analysts project that the company's performance for 2025 will reach 3.197 billion yuan, with an average EPS forecast of 0.58 yuan [3]. Fund Holdings - The largest fund holding Changjiang Securities is the Jianxin Zhongzheng 500 Index Enhanced A, with 8.7943 million shares, newly entering the top ten holdings [4]. - The fund has shown a significant increase of 48.02% over the past year [4]. Strategic Goals - For 2025, the company aims to enhance its capabilities in wealth management, research, and public fund business, while focusing on compliance and risk management [5]. - The strategic plan includes deepening customer-centric services, expanding research advantages, and optimizing asset allocation [5].

Core Viewpoint - Modern Investment reported a solid performance in the first half of 2025, with total revenue of 4.042 billion yuan, a year-on-year increase of 11.74%, and a net profit attributable to shareholders of 299 million yuan, up 15.97% [2] Group 1: Financial Performance - The company achieved a net profit of 293 million yuan after deducting non-recurring items, reflecting a growth of 15.78% year-on-year, indicating strong profit quality [2] - Despite slight fluctuations in gross margin due to industry conditions, the overall expense ratio decreased, with financial expenses reduced from 471 million yuan to 390 million yuan, a decrease of 17.28% [2] - The company lowered the comprehensive financing cost of existing debt by 11 basis points compared to the end of the previous year through proactive debt replacement and issuing low-cost financing tools [2] Group 2: Operational Efficiency - The highway business, as part of the company's "one body," continued to play a stabilizing role, managing approximately 563 kilometers of highways, including major national routes [3] - Toll revenue from Xiangheng Expressway reached 530 million yuan, a year-on-year increase of 12.16%, while Huai-Zhi Expressway revenue was 37.99 million yuan, up 11.67% [3] - The company implemented a digital transformation strategy, enhancing operational efficiency with initiatives like the "Highway Huaitong" platform and AI applications, resulting in a 50% improvement in toll efficiency [3] Group 3: Business Expansion - The company is leveraging its strengths in finance, environmental protection, and new energy sectors to drive growth, aligning with national policies on financial strength and carbon neutrality [4] - The financial segment generated revenue of 2.166 billion yuan, focusing on providing precise services to the upstream and downstream of the highway industry [4] - The environmental segment has strengthened its market position, with successful renewals of hazardous waste permits and advancements in smart wastewater treatment technology [4] Group 4: New Energy Initiatives - The company is positioned as a pioneer in photovoltaic power generation along highways, actively expanding its solar energy initiatives in line with government policies [5][6] - Future plans include seeking to extend toll collection periods and acquiring quality road assets through mergers and acquisitions to sustain long-term growth [6] - The company aims to enhance its internal risk control systems and focus on the core highway business while integrating financial, environmental, and new energy operations to stabilize revenue [6]

国海证券股份有限公司 证券代码：000750 本公司董事会、监事会及董事、监事、高级管理人员保证本报 告内容的真实、准确、完整，不存在虚假记载、误导性陈述或者重 大遗漏，并承担个别和连带的法律责任。 本报告经公司第十届董事会第十一次会议、第十届监事会第九次 会议审议通过。9 名董事、3 名监事出席会议并行使表决权。没有董 事、监事、高级管理人员对本报告的真实性、准确性、完整性无法做 出保证或存在异议。 公司法定代表人王海河先生、主管会计工作负责人谭志华先生及 会计机构负责人黄学嘉女士声明：保证本报告中财务报告的真实、准 确、完整。 公司经本次董事会审议通过的 2025 年中期利润分配方案为：以 公司现有总股本 6,386,174,477 股为基数，向公司全体股东每 10 股 派发现金股利 0.12 元（含税），不送红股，不以公积金转增股本。 公司 2025 年半年度财务报告未经会计师事务所审计。 本报告所涉及未来计划等前瞻性陈述，不构成公司对投资者的实 质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。 目 录 责人谭志华先生、会计机构负责人黄学嘉女士签名并 告的 ...

Core Views - The report highlights the financial performance of GF Securities for the first half of 2025, showcasing significant growth in revenue and net profit, driven by a favorable economic environment and effective business strategies [6][16]. Financial Performance - Total operating revenue for the first half of 2025 reached approximately 15.40 billion yuan, a year-on-year increase of 34.38% compared to 11.78 billion yuan in the same period of 2024 [6]. - Net profit attributable to shareholders was approximately 6.47 billion yuan, reflecting a 48.31% increase from 4.36 billion yuan in the previous year [6]. - Basic earnings per share rose to 0.79 yuan, up 51.92% from 0.52 yuan in the same period last year [6]. Business Segments - The company operates in four main business segments: Investment Banking, Wealth Management, Trading and Institutional Business, and Investment Management [8][9]. - Investment Banking includes equity financing, debt financing, and financial advisory services, with a focus on serving high-quality enterprises [17]. - Wealth Management encompasses brokerage services, futures brokerage, margin financing, and repurchase transactions, emphasizing a transition towards a more client-centric approach [20]. Market Environment - The macroeconomic environment showed signs of recovery, with GDP growth of 5.3% in the first half of 2025, providing a solid foundation for capital market stability [7][16]. - The capital market experienced a rebound, with significant increases in bond issuance and a recovery in equity financing activities [7][8]. Strategic Initiatives - The company is committed to enhancing its core competitiveness through innovation and a focus on serving the real economy, aligning with national strategies and regulatory requirements [10][12]. - There is a strong emphasis on digital transformation and risk management to ensure sustainable growth and compliance with regulatory standards [15][16]. Competitive Position - GF Securities maintains a leading position in the industry, with key performance indicators consistently ranking among the top in the Chinese securities market [16]. - The company has established a robust talent pool and a stable shareholding structure, contributing to its resilience and ability to navigate market challenges [11][12].

深圳特区，因改革而生，因改革而兴，这座"奇迹之城"迎来了它的45周岁生日。45载征程，深圳始终保 持"敢为天下先"的精神，在金融制度上不断突破创新。 作为"特区中的特区"，前海深港现代服务业合作区的开发建设，正是提升粤港澳合作水平，构建对外开 放新格局的重要举措。今年年初，《关于支持前海金融高质量发展的行动方案》出炉，再次明确将进一 步支持前海建立健全以扩大金融业高水平开放、人民币国际化为重点的政策体系，深化与香港金融规则 衔接机制对接，促进深港金融服务业的开放与联通，前海高质量发展动能澎湃。 在深圳特区建立45周年之际，珠海华润银行资金运营中心正好在前海走过了5年历程。创新是深圳发展 的名片，珠海华润银行在前海见证和参与了深圳特区的发展征程与蝶变之美。 关键词2 润泽产业 抓创新促业务助协同，服务实体经济发展 该中心秉持"创新引领，助力实业"的理念，充分发挥金融科技优势，通过票据交易、贴现、再贴现、债 券及业务模式创新等方式，多措并举支持企业融资，服务实体经济运行。 2021年7月，该中心推出全线上化、智能化的"润秒贴"跨行贴现产品，着力解决中小微企业"贴现难、贴 现慢、贴现烦"等问题，取得了良好的社会反响 ...

编者按：8月16日，"2025资产管理年会"在上海举办。"资产管理年会"始于2007年，历经十余年积淀， 目前已是国内资管行业最具影响力的盛事之一。本届年会聚焦主题"破局与重构——大资管再造竞争 力"，金融监管部门、权威专家学者、各大机构的负责人等千余名资管人士参加会议并围绕大资管发展 趋势、多元资产配置等重要议题展开分享和讨论，本专题特刊精选了部分会议内容予以刊发。 本报记者 吴霜 8月16日，由南方财经全媒体集团指导，21世纪经济报道主办、浦发银行联合主办的"2025资产管理年 会"在上海浦东隆重举办。 "肩负金融强国的使命、践行金融为民的责任，是资管行业回归初心，再造竞争力的力量之源"，在主论 坛上，浦发银行董事长、党委书记张为忠表示，近年来，资管行业迎来了"天时、地利、人和"的发展契 机，正加快从"规模扩张"向"质量提升"转变，浦发银行将以"一个中心、四化发展"，全面融入到上海国 际金融中心建设的大局之中。 近年来，浦发银行确立了"数智化"战略，明确深耕科技金融、供应链金融、普惠金融、跨境金融、财资 金融五大赛道，强化数字基建、数字产品、数字运营、数字风控与数字生态"五数"建设，打造差异化竞 争优势。 ...