【内容摘要】1月4日，跨年过后，资金面宽松无虞；市场情绪有所修复，债市上涨；1月2日，各期限美债收益率走势分化，主要欧洲经济体10年期国债收益 率普遍上行。 一、债市要闻 （一）国内要闻 【外交部发言人就美国强行控制委内瑞拉总统马杜罗夫妇答记者问】1月4日，外交部发言人就美国强行控制委内瑞拉总统马杜罗夫妇答记者问时表示，中方 对美方强行控制马杜罗总统夫妇并移送出境表示严重关切，美方行径明显违反国际法和国际关系基本准则，违反《联合国宪章》宗旨和原则。中方呼吁美方 确保马杜罗总统夫妇人身安全，立即释放马杜罗总统和夫人，停止颠覆委内瑞拉政权，通过对话谈判解决问题。 【金融监管总局发布《商业银行并购贷款管理办法》】金融监管总局日前对《商业银行并购贷款风险管理指引》进行修订，形成《商业银行并购贷款管理办 法》。《办法》主要修订内容如下：一是拓宽并购贷款适用范围。在《指引》适用的控制型并购交易基础上，进一步允许并购贷款支持满足一定条件的参股 型并购交易。二是设置差异化展业资质要求。对开展控制型和参股型并购贷款业务的商业银行，在监管评级良好、主要审慎监管指标达标等要求基础上，设 置差异化的资产规模要求。三是优化贷款条件。进 ...

本报讯 记者余嘉欣报道 为助力现代化产业体系建设和新质生产力发展，金融监管总局对《商业银 行并购贷款风险管理指引》（以下简称《指引》）进行修订，形成《商业银行并购贷款管理办法》（以 下简称《办法》）。 《办法》主要修订内容包括：一是拓宽并购贷款适用范围。在《指引》适用的控制型并购交易基础 上，进一步允许并购贷款支持满足一定条件的参股型并购交易。二是设置差异化展业资质要求。对开展 控制型和参股型并购贷款业务的商业银行，在监管评级良好、主要审慎监管指标达标等要求基础上，设 置差异化的资产规模要求。三是优化贷款条件。进一步提高并购贷款占并购交易价款比例上限，延长贷 款最长期限，更好地满足企业合理融资需求。四是强调偿债能力评估。银行应在综合考虑并购交易相关 风险基础上，重点评估并购方偿债能力，同时关注并购后企业发展前景、协同效应和经营效益，多维度 评估对并购贷款影响。 责任编辑：袁浩 金融监管总局表示，下一步，将指导商业银行做好《办法》实施工作，推动并购贷款业务健康发 展，助力产业转型升级，增强经济增长动能。 ...

人民财讯12月31日电，国家金融监督管理总局有关司局负责人就《商业银行并购贷款管理办法》答记者 问表示，并购交易规模较大，时效性较强，并购主体面临较大的资金压力。为了更好地满足并购交易的 融资需求，《办法》在引入参股型并购贷款的基础上，将控制型并购贷款占并购交易价款比例上限从 60%提高至70%，期限从七年延长至十年，合理优化并购贷款条件，为并购交易提供融资便利。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：301380 证券简称：挖金客 公告编号：2025-080 北京挖金客信息科技股份有限公司第四届 董事会2025年第七次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 北京挖金客信息科技股份有限公司（以下简称"公司"）第四届董事会2025年第七次临时会议于2025年12 月12日以现场结合通讯方式召开，会议通知于2025年12月9日以书面、电子邮件、电话等方式发出。本 次会议由董事长李征先生召集和主持，会议应参会董事7名，实际参会董事7名，其中以通讯方式出席会 议的董事为独立董事杨靖川先生、独立董事汪浚先生。会议的召集、召开程序符合《公司法》等相关法 律法规及《公司章程》的规定。 二、董事会审议情况 1、审议通过《关于向银行申请并购贷款并质押下属全资子公司股权的议案》 经与会董事认真审议，董事会同意公司与杭州银行股份有限公司北京分行签订《借款合同》及《质押合 同》，质押公司持有的下属全资子公司北京久佳信通科技有限公司49%股权，申请金额不超过人民币 5,600 ...

截至发稿，挖金客市值为31亿元。 （记者 曾健辉） 2025年1至6月份，挖金客的营业收入构成为：软件与信息技术服务业占比100.0%。 每经头条（nbdtoutiao）——"一针两千，童颜针年销3亿元"背后：多家关联方注册地"查无此人"，股民 追问"钱呢"！钱氏姐弟几乎"掏空"江苏吴中，公司即将退市 每经AI快讯，挖金客（SZ 301380，收盘价：31元）12月15日晚间发布公告称，公司第四届2025年第七 次董事会临时会议于2025年12月12日以现场结合通讯方式召开。会议审议了《关于向银行申请并购贷款 并质押下属全资子公司股权的议案》等文件。 ...

重庆秦安机电股份有限公司 关于向银行申请并购贷款的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、并购贷款情况概述 重庆秦安机电股份有限公司（以下简称"公司"）于2025年11月11日召开第五届董事会第十九次会议，并 于2025年12月3日召开2025年第二次临时股东会审议通过了《关于向银行申请并购贷款的议案》，股东 会同意公司向银行申请期限不超过7年、金额不超过人民币8亿元的并购贷款，用于支付公司通过全资子 公司重庆陆岭山溪企业管理有限公司收购安徽亦高光电科技有限责任公司（以下简称"亦高光电"）99% 股权的交易价款。在前述期限和额度范围内，股东会授权公司法定代表人或其授权代表签署与前述事项 相关的法律文件。具体内容详见公司分别于2025年11月12日、2025年12月4日在上海证券交易所网站 （www.sse.com.cn）及指定媒体披露的《秦安股份关于向银行申请并购贷款的公告》（公告编号： 2025-049）、《秦安股份2025年第二次临时股东会决议公告》（公告编号：2025-058）。 二、并购贷款进展情 ...

Core Insights - The core point of the article is the acquisition of 60% stake in Starbucks China by Boyu Capital for approximately $2.4 billion, marking a significant investment in the coffee chain's 8,000 stores in China [1][21]. Group 1: Acquisition Details - Boyu Capital is set to spend around $2.4 billion (approximately 165 billion RMB) to acquire the stake in Starbucks China [21][22]. - The acquisition is believed to be facilitated by a newly established equity fund in Ningbo, named Boyu New Intelligence New Industry (Ningbo) Equity Investment Partnership [23][24]. - The partnership was officially announced by the Ningbo government fund on December 1, 2025, indicating a strong governmental backing for the acquisition [23]. Group 2: Fundraising Strategy - Boyu Capital likely employed a "find project first, then raise funds" strategy for this acquisition [22]. - The initial fundraising for the equity fund amounts to 4 billion RMB, with contributions from companies like Ningde Times, Luoyang Molybdenum, and Yitai B, each investing 500 million RMB [31][32]. - The total committed capital for the fund is expected to reach 4 billion RMB, with potential for expansion to 8-10 billion RMB [31]. Group 3: Financing Structure - The total funding required for the acquisition is estimated at 16 billion RMB, with the shortfall potentially covered by additional investments from limited partners [19][38]. - A syndicate loan of 10 billion RMB (approximately $1.4 billion) is being arranged by three Chinese banks to support the acquisition, with a loan term of 7 years [19][38]. - Boyu Capital's ability to secure the necessary funding within a month highlights its strong influence and negotiation capabilities in the market [19][38].

Core Viewpoint - The company has approved a proposal to apply for a merger loan and pledge equity of its subsidiary, Shenzhen Jiayang Battery Co., Ltd., to enhance capital efficiency and support its long-term development plan [1][9][14]. Summary by Sections Overview of the Situation - On September 25, 2024, the company approved the cash acquisition of 60% equity in Shenzhen Jiayang Battery Co., Ltd. for a total of RMB 14,825 million [1]. - The acquisition involved purchasing 593,000 RMB (59.3% equity) from Zhang Hua and 7,000 RMB (0.7% equity) from Hou Xianlu [1]. Loan Application Details - On November 24, 2025, the company’s board approved a proposal to apply for a merger loan of RMB 90 million from China Bank, pledging 60% equity in Jiayang Battery as collateral [2][14]. - The loan is intended to finance the acquisition of Jiayang Battery or to replace previously paid acquisition costs [2][14]. - The loan amount is within the approved financing limit of RMB 150 million for the year [3]. Basic Information of the Pledged Company - Company Name: Shenzhen Jiayang Battery Co., Ltd. - Unified Social Credit Code: 914403007917238374 - Registered Capital: RMB 10 million - Type: Other joint-stock company (non-listed) [3][4]. Loan Terms - Loan Amount: RMB 90 million [5]. - Loan Term: 84 months [6]. - Interest Rate: Floating rate [6]. - Guarantee Method: Pledge of 60% equity in Jiayang Battery [7]. Impact on the Company - The merger loan application is based on the company's current operational and cash flow conditions, aimed at improving capital efficiency [9][14]. - The company is in good operational condition and has a strong debt repayment capability, indicating that the loan will not pose significant financial risks [9][14].

Group 1 - The company held its second board meeting on November 24, 2025, with all nine directors present, confirming compliance with relevant laws and regulations [2][4]. - The board unanimously approved a proposal to apply for a merger loan of RMB 90 million, pledging 60% of its subsidiary, Jiayang Battery, as collateral [3][12]. - The loan is intended to finance the acquisition of Jiayang Battery shares or to replace previously paid acquisition costs, with a term of 84 months [3][10]. Group 2 - The company acquired 60% of Jiayang Battery's shares for a total of RMB 14.825 million, completing the transaction on September 25, 2024 [7][8]. - Jiayang Battery underwent a corporate restructuring and changed its name to Shenzhen Jiayang Battery Co., Ltd. in October 2025 [8]. - The loan application falls within the previously approved financing limits of RMB 150 million, and does not constitute a major asset restructuring [9][12].

Core Viewpoint - The company plans to pledge 60% of its stake in its subsidiary, Jiayang Battery, to apply for a merger loan of RMB 90 million from China Bank, Shenzhen Bao'an Branch, to finance the acquisition of Jiayang Battery's equity or to replace previously paid merger transaction amounts [1] Group 1 - The company intends to use the pledged equity to secure a loan for acquisition purposes [1] - The loan amount is set at RMB 90 million [1] - The company has signed relevant contracts including the domestic merger loan agreement and the pledge agreement [1]