这一大幅上涨的背后，是日前蚂蚁财富向耀才证券发起了要约收购。 4月28日，停牌多日的港股上市公司耀才证券(1428.HK）迎来复牌，股价开盘上涨53.44%。截至今日16:00收盘，耀才证券收涨81.97%，而在4月23日停盘 前，其股价已上涨9.32%。 在公告中，蚂蚁财富坚定看好中国经济和香港地区经济的长期发展，看好科技与财富管理结合带来的巨大市场机遇。耀才证券在公告中表示，本次合作将 驱动公司未来的业务增长，促进耀才证券数字化及转型，使业务运营更上一层楼，成为以尖端技术为后盾的领先交易平台。 有观点认为，蚂蚁财富与耀才证券的合作，可以将其国内的潜在南下客户引流至耀才证券的平台，为南下资金提供更便捷的投资渠，以及更多元化的投资 产品，如港股、美股、ETF等，满足客户的多样化需求。同时对于蚂蚁财富而言，通过收购耀才证券，蚂蚁财富得以快速获得香港证监会全业务牌照，可 以快速实现多元化金融业务的开展工作，加速其金融科技布局与香港市场整合。 据了解，耀才证券成立于1995年并于2010年在香港联交所上市，是香港老牌本土券商，公司主要从事提供金融服务，主要有四项业务：证券经纪、商品及 期货经纪、贵金属交易及杠杆式外 ...

资事堂 . 华尔街见闻出品 作者佳尔 编辑袁畅 沉寂的香港本土券商牌照，突然又热火起来。 4月25日晚，香港本地上市公司耀才证券金融（代码：01428.HK，后简称耀才证券）与蚂蚁控股旗下Wealthiness and Prosperity Holding Limited联合发布公 告，双方已就后者收购前者50.55%股份达成购股协议。 后者同时向耀才证券的其他股东发出现金收购要约，收购价为每股3.28港元，相比耀才证券4月23日停牌前的最新价高出7.54%。 耀才证券由香港曾经的"夜店大亨"和金融奇才叶茂林一手创建，为香港本土领跑的券商金融机构，拥有逾600亿客户资产。 这项收购一旦完成，耀才证券将成为蚂蚁旗下的控股子公司。耀才证券融入蚂蚁的大体系、大战略后，未来可能产生的"化学反应"颇令人关注。 以下文章来源于资事堂 ，作者资事堂 耀才证券"易主" 上述购股协议直接导致的结果就是——耀才证券"易主"。 在本次并购前，耀才证券由叶茂林和他控制的新长明绝对控股，穿透后，叶茂林合计持有耀才50.55%的股份（联交所公布数据）。 本次交易后，叶茂林持有的股份大概率"全数"交由蚂蚁持有。蚂蚁间接控股的公司成为耀才证 ...

前十大流通股东累计持有： 9589.46万股，累计占流通股比： 38.92%，较上期变化： -495.87万股。 | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 李福华 | 4103.60 | 16.66 | -60.00 | | 徐连平 | 2729.81 | 11.08 | -100.00 | | 康路 | 832.83 | 3.38 | 10.76 | | 张燕生 | 715.48 | 2.90 | -25.50 | | 蒋琳华 | 498.43 | 2.02 | -233.51 | | 罗钠 | 224.59 | 0.91 | -22.88 | | 华宝中证金融科技主题ETF | 142.84 | 0.58 | -1.91 | | BARCLAYS BANK PLC | 125.50 | 0.51 | 新进 | | UBS AG | 116.38 | 0.47 | 13.22 | | 程希庆 | 100.00 | 0.41 | 新进 | | 较上个报告期退出前十大股东有 | | | | | 高盛国际-自有资金 | ...

金融界《数说》，用数字透视上市公司本质，用数字丈量中国资本市场。 阿里系一个动作，直接引爆港股，未来的港版东方财富遭到资金爆炒，单日市值暴增42.4亿港元。 4月28日，收到蚂蚁集团收购要约耀才证券今日高开60.66%，随后股价震荡走高，午后股价一度大涨逾 96%，最高报6港元/股，截至收盘耀才证券报5.55港元/股，上涨81.97%，成交额高达35.05亿港元，换手 率高达42.74%，单日市值暴增42.4亿港元。 在耀才证券带动下，港股阿里概念股遭到资金爆炒。随后，港股阿里概念股持续走强，云峰金融一度大 涨超91%，中国动向涨超14%，高鑫零售、亚博科技控股跟涨。 | 名称 | | 张唱%备 | 现价 | | --- | --- | --- | --- | | 1 | 云锋金融 | +57.45% | 1.480 | | 2 | 中国动向 | +10.29% | 0.375 | | 3 | 亚博科技控股 | +3.00% | 0.206 | | प | 商汤-W | +2.11% | 1.450 | | 5 | 万国数据-SW | +0.45% | 22.450 | | 6 | 中国平安 | +0.11% ...

此外，香港投资推广署再次与香港科技园公司"GlobalConnect"携手合作，协助初创企业拓展香港业务。 该计划提供全面的落户配套，其中包括：高达10万港元资助；可享用共享办公室；融资与商业配对；在 香港开拓业务的一对一咨询；培训及联系网络。 另外，通过全球FastTrack计划2025，申请者将有机会提前进入埃森哲（Accenture）与数码港合办的"亚 太金融科技创新实验室"（FILAP）加速器计划，获得专家指导，并与全球金融领袖建立联系。 FILAP计划主要是为处于成长阶段的金融科技初创企业，与来自全球领先金融机构的高级管理人员搭建 沟通桥梁。自成立以来，参与FILAP的近90家公司筹集了超过11亿美元资金，推出了552个概念验证计 划。 智通财经APP获悉，4月28日，香港投资推广署今日公布年度活动"全球FastTrack计划2025"报名详情， 为全球及本地的科技公司提供机会，让他们在国际舞台上展示实力。香港投资推广署表示，今年计划将 扩展至金融科技以外的其他垂直领域。具体地，包括七大范畴：金融科技；人工智能；绿色科技；区块 链与数字资产；保险科技与健康科技；创新与科技；中国内地赛道（以普通话进行 ...

Group 1 - The company is a leading player in the automotive circulation sector in Weifang, with over 50 4S stores, maintaining a dominant market position [1] - The traditional manual financial management model has revealed bottlenecks, including inefficient account reconciliation, information silos from independent systems, and lack of real-time data for decision-making [1] - The bank has launched a customized "technology + service" dual-driven solution to address the urgent needs in multi-account management, system linkage, and financial decision support [1] Group 2 - The bank emphasizes a customer-centric approach, providing comprehensive support throughout the service process, including on-site training and timely responses to system issues [2] - The full-chain service model of "demand research - solution customization - operational support" has led to increased satisfaction and recognition from enterprises [2] - The bank's integration of financial technology with industry needs has not only improved corporate financial management efficiency but also provided a replicable benchmark for industry digital transformation [2]

Core Viewpoint - The competition between "Alibaba" and "Tencent" in the wealth management sector is intensifying, highlighted by Ant Group's acquisition of a majority stake in Yaocai Securities, signaling a strategic move in the financial technology landscape [1][8]. Group 1: Acquisition Details - Ant Group, through its subsidiary Ant Wealth, has made a tender offer to acquire 50.55% of Yaocai Securities at a price of HKD 3.28 per share, totaling HKD 28.14 billion, representing a premium of 368.6% over the net asset value of HKD 0.7 per share as of September 2024 [2][4]. - Following the acquisition, Yaocai Securities' chairman Ye Maolin will no longer hold shares, and Ant Group intends to maintain the company's listing status [1][3]. Group 2: Financial Performance - For the fiscal year ending March 31, 2024, Yaocai Securities reported a revenue of HKD 1.236 billion and a net profit of HKD 559 million, with a year-on-year net profit increase of approximately 8% [4]. - As of December 31, 2024, Yaocai Securities had nearly 580,000 customer accounts and total customer assets close to HKD 60.5 billion [4]. Group 3: Industry Competition - The Hong Kong securities brokerage industry is facing challenges such as declining revenues and profit margins, with over 500 brokerage firms competing in the market [7]. - The acquisition is expected to enhance Yaocai Securities' digital transformation and operational capabilities, positioning it as a leading trading platform backed by advanced technology [4][7]. Group 4: Market Implications - Analysts suggest that the acquisition will lead to a more competitive environment in the wealth management sector, potentially benefiting investors through improved service quality and innovation [8]. - The competition between Ant Group and Tencent, particularly through their respective platforms, is anticipated to drive the digitalization and modernization of the Hong Kong securities industry, attracting more international capital [8].

Core Viewpoint - The acquisition of Yao Cai Securities by Ant Group's subsidiary, Shanghai Yun Jin, is expected to significantly enhance the company's growth and digital transformation, positioning it as a leading trading platform backed by advanced technology [1][6]. Group 1: Acquisition Details - Ant Group's subsidiary, Shanghai Yun Jin, plans to acquire approximately 858 million shares of Yao Cai Securities at a price of HKD 3.28 per share, totaling HKD 28.14 billion, which represents a 17.6% premium over the last trading price before suspension [3][4]. - The acquisition will result in a change of ownership for Yao Cai Securities, as the shares represent about 50.55% of the total issued shares [3][4]. Group 2: Company Background - Yao Cai Securities was founded in 1995 by Ye Maolin and primarily engages in stock trading, margin financing, securities custody, futures and options trading, leveraged foreign exchange trading, and spot gold and silver trading [4][5]. - The company has a history of offering low commission rates, having reduced its commission from 0.25% to 0.05% in 2003, which contributed to its rapid growth [5]. Group 3: Financial Performance - For the fiscal years 2022 to 2024, Yao Cai Securities reported total revenues of HKD 10.14 billion, HKD 10.50 billion, and HKD 11.21 billion, with year-on-year changes of -19.96%, -4.05%, and 3.09% respectively [5]. - The net profit attributable to shareholders for the same period was HKD 4.55 billion, HKD 5.43 billion, and HKD 5.06 billion, with year-on-year changes of -20.23%, 10.53%, and -9.95% respectively [5]. Group 4: Strategic Implications - The acquisition is expected to drive future business growth for Yao Cai Securities, enhance its digital transformation, and expand its service offerings to a broader customer base [6]. - Ant Group aims to leverage this acquisition to fill regulatory gaps in cross-border financial services and strengthen its position in the global financial services market [6].

Investment Rating - The report maintains an "Accumulate" rating for the company [7] Core Views - The company's securities business is operating steadily, but profits are expected to decline in Q1 2025 due to self-operated business drag [7] - The report highlights the potential for growth in wealth management and financial technology sectors [7] Financial Performance Summary - In 2024, the company achieved total revenue of 2.192 billion yuan, a year-on-year decrease of 5.6% [7] - The net profit attributable to shareholders for 2024 was 109 million yuan, down 8.6% year-on-year [7] - For Q1 2025, total revenue was 621 million yuan, a year-on-year increase of 5.4%, while net profit attributable to shareholders was 49 million yuan, a decline of 45.8% [7] - The report projects net profits for 2025 and 2026 to be 2.37 billion yuan and 2.85 billion yuan, respectively, with year-on-year growth rates of 116.69% and 20.29% [7] Business Segment Performance - The securities business generated 770 million yuan in revenue for 2024, up 13.4% year-on-year, accounting for 35.1% of total revenue [7] - The self-operated business achieved 450 million yuan in revenue, a 22.6% increase year-on-year, representing 20.5% of total revenue [7] - The investment banking segment saw a revenue decline of 46.1%, with bond underwriting volume dropping by 52% [7] - Asset management revenue increased by 30.9%, with total assets under management reaching 12.604 billion yuan, a 149.44% increase year-on-year [7] - The industrial segment's revenue was 436 million yuan in 2024, down 24.5% year-on-year, contributing 19.9% to total revenue [7]

不过，成本控制与资产质量方面的表现也值得关注。本季度营业支出为 19.07 亿元，成本收入比下降 1.75 个百分点至 25.47%，这体现了该行在降本增效方面取得了一定成效。但信用减值损失为 10.78 亿 元，虽较上年同期下降 19.17%，不良贷款余额仍有 87.47 亿元，不良贷款率为 1.17%，这对该行的资产 质量构成一定压力。据已发布的研究报告，银行业整体面临信用风险上升的挑战，重庆农商行也难以独 善其身。 互联网上部分观点认为，重庆农商行在金融科技投入上相对不足，这可能影响其未来的市场竞争力。在 数字化转型加速的金融行业，科技投入对提升服务效率、优化风险管理至关重要。对比同行业其他银 行，一些在金融科技领域大力投入的银行，在客户体验、业务创新等方面已取得明显优势。 据重庆农村商业银行（03618.HK）所发布公告，其 2025 年第一季度财报显示，该行在营收、利润、资 产规模等多方面呈现出一定的发展态势。这一财报引发市场广泛关注，折射出该行在当下金融市场环境 中的经营状况与发展走向。 从整体数据来看，重庆农商行在 2025 年第一季度实现了营收和净利润的双增长。营业收入达到 72.23 亿元， ...