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中企云链拟港股IPO 中国证监会要求补充说明业务经营是否涉及基础电信业务和增值电信业务等
Zhi Tong Cai Jing· 2025-08-08 11:45
三、请详细说明公司及下属公司场景数字业务具体流程、收费来源,是否涉及助货业务。 四、根据备案材料,公司为产业数字金融平台,拥有数字应收账款确权平台及场景数字金融平台,请补 充说明业务经营是否涉及基础电信业务和增值电信业务,是否拥有相关经营许可证。 8月8日,中国证监会公布境外发行上市备案补充材料要求公示(2025年8月1日—2025年8月7日)。证监会 公示中提到要求中企云链补充说明业务经营是否涉及基础电信业务和增值电信业务,是否拥有相关经营 许可证等情况。据港交所5月6日披露,中企云链递表港交所主板,中信建投(601066)国际、农银国 际、工银国际、迈时资本为联席保荐人。 证监会请中企云链补充说明以下事项,请律师核查并出具明确的法律意见: 一、请补充说明公司及下属公司经营范围是否涉及《外商投资准入特别管理措施(负面清单)(2024年 版)》领域,本次发行上市前后是否持续符合外资准入政策要求。 二、请详细说明公司及下属公司业务符合《关于规范供应链金融业务引导供应链信息服务机构更好服务 中小企业融资有关事宜的通知》(银发〔2025〕77号)的情况。 据招股书,中企云链是中国领先的独立产业数字金融平台,撮合了整 ...
新股消息 | 中企云链拟港股IPO 中国证监会要求补充说明业务经营是否涉及基础电信业务和增值电信业务等
智通财经网· 2025-08-08 11:45
智通财经APP获悉,8月8日,中国证监会公布境外发行上市备案补充材料要求公示(2025年8月1日— 2025年8月7日)。证监会公示中提到要求中企云链补充说明业务经营是否涉及基础电信业务和增值电信 业务,是否拥有相关经营许可证等情况。据港交所5月6日披露,中企云链递表港交所主板,中信建投国 际、农银国际、工银国际、迈时资本为联席保荐人。 证监会请中企云链补充说明以下事项,请律师核查并出具明确的法律意见: 一、请补充说明公司及下属公司经营范围是否涉及《外商投资准入特别管理措施(负面清单)(2024年 版)》领域,本次发行上市前后是否持续符合外资准入政策要求。 二、请详细说明公司及下属公司业务符合《关于规范供应链金融业务引导供应链信息服务机构更好服务 中小企业融资有关事宜的通知》(银发〔2025〕77号)的情况。 三、请详细说明公司及下属公司场景数字业务具体流程、收费来源,是否涉及助货业务。 四、根据备案材料,公司为产业数字金融平台,拥有数字应收账款确权平台及场景数字金融平台,请补 充说明业务经营是否涉及基础电信业务和增值电信业务,是否拥有相关经营许可证。 五、请补充说明本次拟参与"全流通"的股东所持股份是否存在 ...
肖钢:推动产业数字金融高质量发展,需加快中小企业数字化转型
Bei Ke Cai Jing· 2025-07-22 12:36
Core Viewpoint - The development of industrial digital finance is crucial for supporting the sustainable growth of the real economy in China, particularly for small and medium-sized enterprises (SMEs) [1][2]. Group 1: Industrial Digital Finance Development - Industrial digital finance has evolved from practices aimed at addressing the financing difficulties faced by SMEs, integrating various innovative service models such as supply chain finance and inclusive finance [1]. - The report emphasizes the need for a new round of digital transformation for SMEs, including the establishment of special action plans, expansion of pilot cities, and increased financial support [1][3]. Group 2: Financial Services for SMEs - Ensuring that SMEs have the freedom to choose financial services is a fundamental principle of industrial digital finance [2]. - The report advocates against practices that indirectly raise financing costs for SMEs, such as extending payment terms to suppliers [2]. Group 3: Role of Financial Institutions and Regulation - Financial institutions are identified as key players in the development of industrial digital finance, and there is a call for the regulation of digital finance platforms [3]. - The report highlights the importance of ensuring safety and risk control in industrial digital finance, recommending differentiated regulation and the establishment of error correction mechanisms [3].
每日市场观察-20250722
Caida Securities· 2025-07-22 04:27
Market Overview - On July 21, the market closed higher with the Shanghai Composite Index rising by 0.72%, the Shenzhen Component Index increasing by 0.86%, and the ChiNext Index up by 0.87%[2] - The total trading volume reached 1.73 trillion CNY, an increase of approximately 140 billion CNY compared to the previous trading day[1] Sector Performance - Key sectors such as construction materials, building, steel, non-ferrous metals, and chemicals showed significant gains, while banking, computing, and home appliances experienced slight declines[1] - The net inflow of funds into the Shanghai market was 317.96 billion CNY, and 126.16 billion CNY into the Shenzhen market on July 21[3] Investment Opportunities - The launch of the Yarlung Tsangpo River downstream hydropower project is expected to catalyze growth in cyclical sectors, with notable inflows into construction, building materials, non-ferrous metals, chemicals, and power equipment[1] - The first half of 2025 saw a 10.4% year-on-year increase in the total import and export value of China's western region, reaching 2.12 trillion CNY, marking a historical high for the same period[6] Financial Indicators - The Loan Prime Rate (LPR) for both 5-year and 1-year terms remained unchanged at 3.5% and 3% respectively in July[7] - Publicly offered Fund of Funds (FOF) reported an average return of 4.24% year-to-date, with pension FOFs achieving an average return of 4.33%[13][14] Industry Dynamics - China's express delivery volume has ranked first globally for 11 consecutive years, with over 500 million packages collected daily[8] - The online dining sector's share of total dining revenue increased by 1.9 percentage points in the first half of 2025, reflecting a growing trend towards digital services[9]
证监会原主席肖钢:推进产业数字金融发展 让中小企业自由选择金融服务
news flash· 2025-07-21 04:01
证监会原主席肖钢:推进产业数字金融发展 让中小企业自由选择金融服务 智通财经7月21日电,中国证监会原主席肖钢7月20日在产业数字金融高质量发展专题研讨会暨课题发布 会上表示,产业数字金融构建了新型银企关系,为科技、产业与金融融合和三者良性循环提供了条件。 为进一步推进产业数字金融发展,让中小企业自由选择金融服务,肖钢建议,制订实施新一轮中小企业 数字化转型专项行动方案,扩大试点城市范围,增加财政补贴,加大金融支持力度,建立风险共担机 制,健全评价考核体系。同时,加快数据平台基础设施建设,优化技术供给,降低中小企业数字化转型 的成本与负担,并加快中小金融机构数字化转型,为发展产业数字金融创造必要条件。在规范产业数字 金融平台发展方面,肖钢建议,研究制订产业数字金融平台准入资质标准,借鉴巴塞尔委员会对第三方 科技平台监管要求,立足我国实际,修订完善金融机构第三方、第四方外包管理办法。 (上证报) ...
中国证监会原主席肖钢:推进产业数字金融发展 让中小企业自由选择金融服务
news flash· 2025-07-21 03:56
Core Viewpoint - The former chairman of the China Securities Regulatory Commission, Xiao Gang, emphasized that industrial digital finance is a new model to address the financing difficulties faced by small and micro enterprises [1] Summary by Relevant Categories Suggestions for Development - Xiao Gang proposed five recommendations to further develop industrial digital finance: accelerate the digital transformation of small enterprises, ensure their freedom to choose financial services, leverage the main role of financial institutions, regulate platform development, and ensure safety and risk control [1] Objectives of the Measures - These measures aim to optimize the efficiency of financial services, reduce the burden on enterprises, and promote the deep integration of technology, industry, and finance [1]
全国社保基金理事会原副理事长王忠民:代币可能会链接产业金融所有环节
Bei Jing Shang Bao· 2025-07-20 15:31
Core Insights - The integration of digital tokens in industrial finance can link all segments of the financial ecosystem, driven by innovations such as artificial intelligence and stablecoins [1] - The regulatory framework for stablecoins is evolving, with a shift towards treating them as financial derivatives rather than traditional banking or securities, which alters their operational logic [3] - Digital tokens can address asymmetries in supply chain finance, enabling instantaneous transactions and reducing costs by converting interest-bearing transactions into non-interest models [4] Regulatory Changes - Stablecoins are now being incorporated into a financial derivatives regulatory framework, which emphasizes a 1:1 peg to assets like US dollars or government bonds [3] - The requirement for stablecoin issuers to hold highly liquid assets in custody, such as one-year US dollar certificates of deposit and government bonds, is crucial for operational efficiency [3] Technological Innovations - The use of AI in industrial transformation highlights a critical chain from computing power to electricity, with green energy playing a pivotal role in this evolution [4] - The concept of "virtual power plants" combined with cloud services allows green energy producers to connect directly with users, enhancing efficiency and reducing reliance on traditional power grids [4] Industry Transformations - The automotive industry is transitioning from manufacturing to service-oriented models, with autonomous vehicles leveraging over-the-air updates to enhance service offerings [5] - The digitalization of labor data from gig economy workers can be transformed into data assets, allowing for equity returns through participation in digital platforms [6] Future Directions - The three core ecological niches for the development of industrial digital finance include the restructuring of financial foundations through stablecoins, the penetration of AI and green energy into industrial logic, and the redefinition of manufacturing and service boundaries through autonomous vehicles [6] - An open and collaborative approach is essential for various stakeholders to participate deeply in the advancement of digital finance, ensuring high-quality development [6]
金融业正进入AI时刻!陈文辉重磅发声
Zhong Guo Ji Jin Bao· 2025-07-20 13:41
Core Insights - The core viewpoint is that 2025 will mark a pivotal year for the application of AI in the financial industry, driven by a digital transformation wave that is revolutionizing various sectors [1][6]. Group 1: Digital Transformation and AI Impact - The digital economy represents the fourth industrial revolution, with rapid advancements in computing power, storage capacity, and communication speed, making data a primary production factor [1]. - The cost of digital technologies is decreasing, leading to increased penetration in traditional industries, with digitalization becoming the main theme of the latter stage of the digital economy [2]. - AI technology is the core driver of a new round of transformation in the economy and society, enabling paradigm shifts rather than just incremental improvements [2]. Group 2: Current AI Applications in Finance - Financial institutions are primarily using AI for internal empowerment, with cautious approaches to customer-facing services, often starting with pilot projects [3][5]. - Different sectors within finance are adopting AI at varying rates, with banks leading in investment and application across various business functions [4][5]. - The application of AI in finance is accelerating, particularly in areas such as investment research, operational management, and compliance [4]. Group 3: Recommendations for Financial Institutions - Financial institutions should implement comprehensive digital transformation strategies, requiring leadership commitment and a long-term vision [8]. - There is a need to enhance the cultivation and utilization of AI talent, particularly at senior management levels, to effectively integrate AI into financial operations [9]. - Institutions must be vigilant about the risks associated with AI, establishing robust governance frameworks to maintain human oversight over critical processes [10]. - Financial resources should be directed more towards AI initiatives to support high-quality economic development [11][12].
金融业正进入AI时刻!陈文辉重磅发声
中国基金报· 2025-07-20 13:35
Core Viewpoint - The digital transformation in the financial industry is crucial, with 2025 expected to be a pivotal year for AI applications in finance [6][9]. Group 1: Digital Transformation and AI Impact - The digital wave is revolutionary, significantly impacting various industries and continuing to transform them comprehensively [3]. - The digital economy represents the fourth industrial revolution, with rapid growth in computing power, storage capacity, and communication speed, making data a primary production factor [3]. - The core business logic change driven by the digital wave allows new forces to disrupt traditional enterprises, exemplified by the electric vehicle industry's impact on the automotive sector [3]. Group 2: AI Applications in Finance - AI technology is widely applied in the financial sector, primarily for internal empowerment, with cautious direct customer service applications [7]. - Current AI applications in finance focus on internal operations, with a trend of pilot testing before broader implementation [7]. - Different financial sub-sectors exhibit unique characteristics in AI application, with banks leading in investment and implementation [8]. Group 3: Recommendations for Financial Institutions - Financial institutions should implement a comprehensive digital transformation strategy, led by top management, to ensure long-term investment and avoid traditional path dependencies [13]. - There is a need to enhance the cultivation and utilization of AI talent, particularly at senior management levels, to improve the effectiveness of AI in financial services [14]. - Financial institutions must pay close attention to potential risks associated with AI applications, establishing robust governance frameworks to maintain human oversight [15]. - Financial resources should be directed more towards AI fields to support high-quality economic development [16].
中企云链港股IPO:高毛利下的盈利困境与股权迷云
Sou Hu Cai Jing· 2025-05-21 15:33
Core Viewpoint - Zhongqi Yunlian has submitted its prospectus to the Hong Kong Stock Exchange, planning to go public as a digital financial platform focused on industrial sectors since its establishment in 2015 [1] Financial Performance - The core business of Zhongqi Yunlian, which includes rights confirmation and factoring services, has shown exceptional performance with gross margins exceeding 90% for three consecutive years, making it a leader in the industry [1] - Despite high gross margins, the company's overall profitability remains modest, with net profit margins fluctuating between 7% and 17% during the reporting period, raising concerns about its profitability [1] - High operating expenses, particularly selling expenses, are identified as the main obstacle to profit growth, with over 70% of annual revenue allocated to cover these costs, and selling expenses alone accounting for nearly 50% of total revenue [1] Revenue and Cost Structure - The revenue from the core business reached approximately RMB 9 billion, but the profit level remains insufficient compared to this high revenue figure [5] - The company has achieved over 2 times growth in profit in 2023, yet the profit level is still considered inadequate relative to its substantial revenue [5] - The breakdown of expenses shows that marketing costs have become the dominant part of the expense structure, significantly limiting profit margins [5][6] Shareholding Structure - Zhongqi Yunlian's prospectus reveals changes in its shareholding structure, particularly highlighting the activities of its third-largest shareholder, Huayu Guochuang Fund, which has engaged in a series of capital operations that appear suspicious [2] - The fund's transactions include acquiring shares at a low price and subsequently selling them at a significantly higher price, raising questions about the valuation of Zhongqi Yunlian's equity [3] Future Outlook - The market is keenly observing whether Zhongqi Yunlian can optimize its expense structure while effectively enhancing its profitability quality, which will be a focal point for investors [5]