以下文章来源于解码LP ，作者周佳丽 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 争抢全球富豪。 作者 I 周佳丽 报道 I 投资界-解码LP 里程碑浮现。 投资界-解码LP获悉，香港特区政府财经事务及库务局最近透露，在香港特区政府推动 下，经投资推广署协助来港落户或扩展业务的家族办公室数目已超200间，超前完成了 20 22年《施政报告》所订立的绩效指标。 "经过政府两年多来的积极推动和在政策层面营造稳定、具可预测性的有利发展环境， 家办已锐变为本港金融业的重要一环 。"财经事务及库务局局长许正宇表示。如我们所 见，富豪开设家办的故事，正在香港密集上演。 逾200间家办落户香港 时间回到2 022年，香港特区政府在《施政报告》中提出明确的目标，即在2025年年底前 协助不少于200间家族办公室在港设立或扩展业务。此后，香港政府开始系统地推出政策 以吸引家族办公室。 20 23年3月，港府发布《有关推动家办业务在香港发展的政策宣言》，推出八项措施，包 括引入新的资本投资者入境计划、为家办提供税务宽减、提供便利市场措施、成立香港 财 富 传 承 学 院 等 ， 为 全 球 家 办 和 资 产 ...

Core Insights - The overall performance of listed securities firms in the first half of 2025 shows significant growth, with a double-digit increase in revenue and a net profit growth exceeding 65% [1][2] - The industry is expected to maintain a positive trend due to effective incremental policies, deepening capital market reforms, and active trading in the A-share market [1][2] Overall Performance Growth - In the first half of 2025, 42 listed securities firms achieved a total revenue of 251.87 billion yuan, a year-on-year increase of 30.8%, and a net profit of 104.02 billion yuan, up 65.08% year-on-year [2] - Leading firms like CITIC Securities, Guotai Junan, Huatai Securities, and GF Securities reported revenues exceeding 10 billion yuan, with CITIC Securities leading at 33.04 billion yuan, a 20.44% increase [2][3] Small and Medium-sized Firms' Performance - Smaller firms such as Guolian Minsheng, Northeast Securities, and Huayin Securities saw net profit growth rates exceeding 100% [3] - Northeast Securities reported a revenue of 2.046 billion yuan, up 31.66%, and a net profit of 431 million yuan, up 225.9% [3] Market Environment and Growth Drivers - The recovery of the market environment is attributed to improved conditions in both primary and secondary markets, with A-share daily trading volume increasing by 61% year-on-year to 1.39 trillion yuan [3][4] - The industry is focusing on high-value-added services, particularly wealth management and institutional business, to enhance revenue stability [4] Business Segment Performance - Proprietary trading remains the primary growth driver, with a total income of 112.35 billion yuan, a 53% increase [5] - Brokerage business also contributed significantly, with CITIC Securities leading at 6.402 billion yuan in brokerage income [6] Investment Banking and M&A Activity - Investment banking revenue for the first half of 2025 reached 15.53 billion yuan, a year-on-year increase of 18% [7] - M&A activities have accelerated, with several significant mergers completed, indicating a trend towards resource integration and enhanced competitiveness [8][9] Future Outlook - The industry is expected to see continued high growth, supported by capital market reforms and an increase in institutional investments [10] - The focus on mergers and acquisitions is likely to reshape the industry landscape, enhancing overall competitiveness and scale [9][10]

记者丨周炎炎 编辑丨方海平 "从全球的视角看待财富机遇，穿越变局的迷雾，以'恒量'对冲'变量'。"在提到汇丰如何协助 客户规划适合自己的财富管理路径时，张凯如是说道。 8月31日，第三届"汇丰中国投资者高峰会"在深圳顺利举办，21世纪经济报道在会议现场独家 专访了汇丰国际财富管理及卓越理财业务亚洲地区董事总经理张凯。今年5月开始，她从新加 坡派驻到上海，兼任汇丰中国财富管理业务负责人。 张凯所说的"变量"的含义有两方面。从全球来看，目前经济格局正在经历重构，政策及地缘政 治风险的不确定性明显提升，世界经济增长在未来也可能温和放缓；而聚焦中国，当下的中国 正处于经济转型与结构升级的关键时期，如何在中国经济长期向好的大背景下，把握机遇并实 现家庭与事业的繁荣发展，是财富管理客户共同关注的话题。 而"恒量"是什么？是作为160年植根中国的国际主流银行，汇丰一如既往地重视亚洲业务，看 好中国市场，并持之以恒地通过全球化的多元配置，将链接全球的能力赋能给中国客户，以助 其穿越周期，把握结构性增长的潜在机遇。 "源于"亚洲，"押注"亚洲 波士顿咨询的报告预计，2023-2028年，全球将创造92万亿美元的金融财富，其中近 ...

证券代码：002958 证券简称：青农商行 青岛农村商业银行股份有限公司投资者关系活动记录表 编号:2025-10 投资者关系活动类 别 特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他： 参与单位名称及人 员姓名 信达证券张弛、山东省信用增进牟飞 时间 2025 年 9 月 16 日下午 地点 本行 4 楼会议室 上市公司接待人员 姓名 本行高管及相关部门人员 投资者关系活动主 要内容介绍 1.今年零售中间业务收入增长主要来源和持续性？ 答：目前，理财业务仍是我行中收的重要来源，今年以来，我行大力 拓展财富业务，一是搭建普惠财富管理体系和私行财富管理体系，完善产 品支撑、队伍支撑、服务支撑、科技支撑等，提升财富管理综合能力，提 升客户 AUM，加大财富业务整体中收贡献度。二是深化客群精耕，聚焦重 点客群风险偏好、流动性偏好，配备专属产品、专项活动、服务策略，加 大财富产品配置，提升财富中收。三是加大理财经理人才培养力度，搭建 "培训赋能"机制，根据队伍等级评定结果，体系化制定学习地图，梯次 化、差异化进行培训赋能；搭建"实战赋能"机制，通过小班制速训营、 树立 ...

Group 1 - The "Second Golden Unicorn Best Investment Advisor Selection" event is currently ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions [1] - The event aims to provide a platform for investment advisors to showcase their capabilities, expand services, and enhance skills, thereby promoting the healthy development of China's wealth management industry [1] Group 2 - The top ten most frequently bought ETFs on September 16 include the Robot ETF, Tourism ETF, and Hong Kong Securities ETF, indicating strong interest in sectors like robotics and tourism [2] - The top ten ETFs by purchase amount on the same day also feature the Robot ETF and the Korean Semiconductor ETF, highlighting significant investment in technology and robotics [3] Group 3 - The data for the top bought stocks/ETFs is based on the frequency of purchases by all participating advisors, while the purchase amount data reflects the total investment amounts [4] - The competition includes categories for stock simulation, on-site ETF simulation, and public fund simulation, with specific trading rules regarding holding proportions, maximum drawdown, and rebalancing frequency [4]

8月31日，第三届"汇丰中国投资者高峰会"在深圳顺利举办，21世纪经济报道在会议现场独家专访了汇 丰国际财富管理及卓越理财业务亚洲地区董事总经理张凯。今年5月开始，她从新加坡派驻到上海，兼 任汇丰中国财富管理业务负责人。 张凯所说的"变量"的含义有两方面。从全球来看，目前经济格局正在经历重构，政策及地缘政治风险的 不确定性明显提升，世界经济增长在未来也可能温和放缓；而聚焦中国，当下的中国正处于经济转型与 结构升级的关键时期，如何在中国经济长期向好的大背景下，把握机遇并实现家庭与事业的繁荣发展， 是财富管理客户共同关注的话题。 而"恒量"是什么？是作为160年植根中国的国际主流银行，汇丰一如既往地重视亚洲业务，看好中国市 场，并持之以恒地通过全球化的多元配置，将链接全球的能力赋能给中国客户，以助其穿越周期，把握 结构性增长的潜在机遇。 "源于"亚洲，"押注"亚洲 波士顿咨询的报告预计，2023-2028年，全球将创造92万亿美元的金融财富，其中近三成新增金融财富 来自亚洲。 亚洲是汇丰的发源地，是汇丰开展业务的"主场"，更是汇丰集团财富管理业务的重心所在。"现阶段 是'投资亚洲'的黄金期。"张凯对记者表示。 0 ...

Core Viewpoint - The retail transformation in the financial industry emphasizes personal financial services as a key strategy for banks to adjust their business structure and build differentiated competitive advantages [1] Group 1: Personal Financial Asset (AUM) - China Merchants Bank leads the industry with a retail AUM of 16.03 trillion yuan, significantly ahead of its competitors by over 1 trillion yuan [3] - Industrial Bank ranks second with a retail AUM of 5.52 trillion yuan, showing an 8% increase from the previous year [3] - CITIC Bank, with a retail AUM of 4.99 trillion yuan, has adopted a "retail first strategy" and achieved a 6.52% growth [4] Group 2: Number of Personal Customers - China Merchants Bank has the largest personal customer base with 216 million customers, enhancing its cross-selling opportunities [5] - Shanghai Pudong Development Bank follows with 163 million customers, leveraging online and offline channels for customer acquisition [5] - China Everbright Bank ranks third with 160 million customers, utilizing precise marketing strategies to attract specific customer segments [5] Group 3: New Personal Customer Acquisition - Shanghai Pudong Development Bank leads in new customer acquisition with 6.31 million new customers, continuing its online and offline customer acquisition strategy [6] - China Merchants Bank ranks second with 6 million new customers, indicating a lower growth rate relative to its existing customer base [6] - Zhejiang Commercial Bank reported a growth of 5.29 million new customers, focusing on various targeted customer segments [6] Group 4: Average AUM per Customer - China Merchants Bank has the highest average AUM per customer at 74,200 yuan, reflecting its strong wealth management capabilities [7] - Industrial Bank ranks second with an average AUM of 49,300 yuan, maintaining a strong position in customer asset management [7] - CITIC Bank, Ping An Bank, and Huaxia Bank have average AUMs ranging from 30,000 to 40,000 yuan, indicating a need for improvement in high-net-worth service capabilities [8]

Group 1 - The core concept emphasizes the importance of the "iron triangle" of wealth management: earning, saving, and investing, which must work together to achieve financial freedom [1][9] - Earning is the starting point of wealth accumulation, but it is not the endpoint; enhancing value creation ability is crucial [2][9] - Saving is not merely about frugality but involves rational planning and distinguishing between needs and wants, providing a safety net for investments [3][7] Group 2 - Investing acts as an accelerator for wealth growth, relying on proper asset allocation and the power of compounding [4][7] - The synergy between earning, saving, and investing creates a robust financial ecosystem; the absence of any one element can lead to imbalances in wealth accumulation [7][9] - Common misconceptions about wealth management need to be addressed, highlighting the necessity of balancing all three components for financial success [7][9] Group 3 - The art of balance involves adjusting priorities based on life stages, focusing on earning in youth, managing risks in middle age, and securing capital before retirement [8][11] - A dynamic approach to wealth management is essential, with a focus on long-term strategies and the interplay between active income and passive income [8][9]

Group 1 - The "Second Golden Unicorn Best Investment Advisor Selection" event is currently ongoing, with over 3,000 professional investment advisors participating in simulated trading competitions [1] - The event aims to provide a platform for investment advisors to showcase their capabilities, expand services, and enhance skills, thereby promoting the healthy development of China's wealth management industry [1] Group 2 - The top ten most frequently bought ETFs as of September 15 include Communication ETF, Broker ETF, and Sci-Tech Chip ETF, indicating strong interest in these sectors [2] - The top ten ETFs by purchase amount include the China Concept Internet ETF and Broker ETF, suggesting significant capital flow into these investment vehicles [3] Group 3 - The data for the top bought stocks/ETFs is based on the frequency of purchases by all participating advisors, while the purchase amount data reflects the total investment amounts in the top ten stocks/ETFs [4] - The competition includes categories for stock simulation, on-site ETF simulation, and public fund simulation, with specific trading rules regarding holding proportions, maximum drawdown, and rebalancing frequency [4]

Group 1 - The Hong Kong government has successfully assisted over 200 family offices to establish or expand their operations in the region, surpassing the performance target set in the 2022 Policy Address, reinforcing Hong Kong's status as a leading cross-border private wealth management center in Asia and a global hub for family offices [1][2] - The government introduced eight key measures in March 2023, including tax incentives and the "New Capital Investor Entry Scheme," to create a competitive environment for family office-related industries [1][2] - The FamilyOfficeHK team has expanded its functions and established a new network of family office service providers to offer comprehensive services and support to family offices [1][2] Group 2 - The "New Capital Investor Entry Scheme" has gained popularity among high-net-worth individuals, with enhancements made to the eligibility criteria, allowing investors who reside in Hong Kong for seven years or more to apply for permanent residency [2][3] - The total asset management value in Hong Kong is projected to exceed HKD 35 trillion by the end of 2024, reflecting a year-on-year growth of 13%, with net capital inflow increasing over 80% to HKD 705 billion [2] - The Hong Kong government aims to continue optimizing policies, including tax incentives for funds and single family offices, to sustain the growth momentum of family offices [3][4] Group 3 - Hong Kong's family office ecosystem is thriving, contributing to the capital market, professional services, and talent development, creating a positive feedback loop [4] - The government plans to further enhance tax incentives for funds and single family offices, while the Investment Promotion Agency will continue to collaborate with business associations and service providers to promote Hong Kong as a leading family office hub [4]