在政策导向及市场红利双重驱动下，作为"五篇大文章"之首的科技金融，已成为银行业的战略聚焦点。 在初步探索了科技金融业务的 "敢贷""愿贷""能贷"机制后，如何真正做到 "会贷"，仍是全行业持续探索的课题。 在证券时报社举办的2025中国金融机构年会暨中国银行业年会上，来自中国银行、兴业银行、浦发银行、平安银行、北京银行的嘉宾，以《"种树"的密码：书写科 技金融大文章》为主题展开深度探讨。 与会嘉宾认为，科技金融的"种树"密码，在于专营化的组织架构及作业模式、风控逻辑和信审模型的升级打磨、多元化产品供给和服务体系外延，以及多类型非银 机构生态圈的搭建。 设立专营组织架构：以战略优先 五家银行均将科技金融置于战略优先级，嘉宾在分享业务布局方法论时，一致提到：专营队伍及组织设置，是开展科技金融业务的首要保障。 "做科技金融必须有专业性队伍。因为科技金融企业和传统企业不一样，需要专业化积累，所以我们通过队伍建设，保障业务人员更加准确了解科技型企业的诉 求。"中国银行总行公司金融与投资银行部副总杨雷对设置科技金融专营组织架构的归因，颇具代表性。 据了解，中国银行构建了全层级科技金融组织架构，并在重点区域打造特色网点，持 ...

宣告到龄退休的毕劲松刚迈过花甲之年。他于2007年1月加入首创证券，至今已有十九载。他先后担任 公司副总经理、总经理、董事及党委书记等职务，于2024年4月当选公司董事长。在这十余年间，首创 证券不断发展壮大，营收从不足10亿元到跨过20亿元关口，并于2022年12月在A股上市。 在公告中，首创证券表示，毕劲松以深厚的金融素养和专业的领导才能，开拓进取、守正创新，积极把 握资本市场改革发展机遇，推动公司实现固定收益投资交易、资产管理等核心业务战略布局，不断完善 公司治理体系，持续提升规范运作水平与治理能效，成功推动公司在上海证券交易所主板上市，公司资 本实力、综合竞争力和品牌影响力显著提升。 首创证券原总经理张涛接替毕劲松履新董事长、董事会战略委员会主任委员等职务，同时继续兼任公司 党委书记。 11月19日，首创证券（601136）公告称，毕劲松因到龄退休申请辞去公司董事长、董事等职务，辞职后 将不在公司担任任何职务。与此同时，张涛当选公司董事长，刘惠斌当选公司副董事长，蒋青峰出任公 司总经理。 接替张涛总经理一职的蒋青峰，原任首创证券副总经理。在首创证券目前的高管层中，他是最年轻的一 位，出生于1986年。 ...

投行业务是首创证券相对薄弱的业务板块。张涛加入后，首创证券不断深化"科技投行"的战略定位，以 北交所业务为发力点，聚焦国家级专精特新"小巨人"企业客户，构建了"投研+投资+投行"三位一体的协 同服务模式。 宣告到龄退休的毕劲松刚迈过花甲之年。他于2007年1月加入首创证券，至今已有十九载。他先后担任 公司副总经理、总经理、董事及党委书记等职务，于2024年4月当选公司董事长。在这十余年间，首创 证券不断发展壮大，营收从不足10亿元到跨过20亿元关口，并于2022年12月在A股上市。 在公告中，首创证券表示，毕劲松以深厚的金融素养和专业的领导才能，开拓进取、守正创新，积极把 握资本市场改革发展机遇，推动公司实现固定收益投资交易、资产管理等核心业务战略布局，不断完善 公司治理体系，持续提升规范运作水平与治理能效，成功推动公司在上海证券交易所主板上市，公司资 本实力、综合竞争力和品牌影响力显著提升。 首创证券原总经理张涛接替毕劲松履新董事长、董事会战略委员会主任委员等职务，同时继续兼任公司 党委书记。 张涛是首创证券于2024年4月引入的外部"新鲜血液"，在投行业务方面具有深厚的经验，他早年在华泰 证券任职，担任过 ...

正在冲刺港股上市的首创证券，核心管理团队进行了交接。 11月19日，首创证券发布公告称，毕劲松因到龄退休申请辞去公司第二届董事会董事长、董事等职务，辞职后 将不在公司担任任何职务。与此同时，张涛当选公司董事长，刘惠斌当选公司副董事长，蒋青峰出任公司总经 理。 董事长退休， 原 总经理接任 宣告到龄退休的毕劲松刚迈过花甲之年。他于2007年1月加入首创证券，至今已有近十九载。 2024年4月起，毕劲松担任首创证券董事长，在此之前担纲总经理一职13年。在这13年间，首创证券不断发展 壮大，营收从不足10亿元到跨过20亿元关口，并于2022年12月在A股上市。 在公告中，首创证券对毕劲松任职期间为公司发展所做的贡献表达了感谢。首创证券表示，毕劲松以其深厚的 金融素养和专业的领导才能，开拓进取、守正创新，积极把握资本市场改革发展机遇，推动公司实现固定收益 投资交易、资产管理等核心业务战略布局，不断完善公司治理体系，持续提升规范运作水平与治理效能，成功 推动公司实现上海证券交易所主板上市，资本实力、综合竞争力和品牌影响力显著提升，为公司高质量发展奠 定了坚实基础。 首创证券原总经理张涛接替毕劲松履新董事长、董事会战略委 ...

Core Viewpoint - The Sci-Tech Innovation Board is transforming the investment banking ecosystem, presenting greater challenges and higher requirements for business systems and professionals in the industry [2] Group 1: Investment Banking Transformation - Under the deepening of the registration system, the role of investment banks is shifting from "channel intermediaries" to "value partners," focusing on issuer positioning, project selection standards, and pricing system maturity as core issues of industry transformation [2] - Investment banks need to enhance three capabilities: value discovery and project selection, comprehensive service capability throughout the lifecycle, and pricing and sales capability in a new model of issuance pricing [2] Group 2: Future Plans - The company plans to continue focusing on "industrial investment banking" and "technology investment banking" as dual core positions, aiming to deepen regional and industry expertise while enhancing its value in serving technological innovation [2]

Core Viewpoint - Zhangjiang Hi-Tech is optimizing its asset structure by planning to transfer 100% equity and debt of Shanghai Jichinrui Building Technology Co., Ltd. for no less than 151 million yuan, which will enhance cash flow and focus on core business development in the integrated circuit industry [1] Financial Performance - In the first half of 2025, Zhangjiang Hi-Tech reported a revenue of 1.7 billion yuan, a year-on-year increase of 39% - The net profit attributable to shareholders was 369 million yuan, up 38.6% year-on-year, while the net profit excluding non-recurring items was 367 million yuan, increasing by 40% [1] - The company’s operating cash flow net amount was -935 million yuan, showing significant improvement compared to -1.945 billion yuan in the same period of 2024 [1] Strategic Focus - Zhangjiang Hi-Tech's strategic focus on the integrated circuit industry has begun to yield results, with a 2.0 planning proposal targeting "smart terminals," "intelligent computing centers," and "satellite internet" [2] - The Shanghai Zhangjiang Integrated Circuit Industry Zone Development Co., Ltd. significantly contributed to the net profit, with a revenue of 616 million yuan and a net profit of 161 million yuan, accounting for approximately 43.7% of Zhangjiang Hi-Tech's net profit [2] Investment Performance - The company achieved substantial growth in investment income, reporting approximately 326 million yuan, a 336.75% increase year-on-year, primarily due to the appreciation of financial assets held [2] - Zhangjiang Hi-Tech has established an "investment management department + Zhangjiang Haoheng + Zhangjiang Haoxin" investment system, with the Zhangjiang Suifeng fund investing in 41 projects and the second phase fund in 4 projects, focusing on integrated circuits, biomedicine, and intelligent manufacturing [3]

Core Viewpoint - The A-share IPO market has experienced a significant increase in new applications since June, indicating a resurgence in IPO activities after a period of contraction [1][3]. Group 1: IPO Market Dynamics - In June, 152 new companies were accepted for IPO applications, surpassing the total for the first five months of the year and the entire previous year [1][3]. - The distribution of new IPO applications includes 97 from the Beijing Stock Exchange, 18 from the Sci-Tech Innovation Board, 19 from the Growth Enterprise Market, and 18 from the Shanghai and Shenzhen main boards [3]. - The total number of IPO applications accepted in 2024 was only 84, with a significant portion coming from the Beijing Stock Exchange [3]. Group 2: Investment Banking Landscape - A new investment banking landscape is emerging, characterized by the dominance of "two super" firms (Guotai Junan and Haitong Securities) and the establishment of a "four strong" group (CITIC Securities, Guolian Minsheng, Huatai United Securities, and CICC) [2][5]. - In June, Guotai Haitong Securities led with 20.5 IPO projects, while CITIC Securities followed closely with 20 projects, including a notable fundraising target of 8 billion yuan for Moer Thread [5]. - The combined efforts of these six leading investment banks accounted for 78.5 of the 152 accepted IPOs in June, representing a significant share of the market [5]. Group 3: Strategic Development of Guolian Minsheng Securities - Guolian Minsheng Securities is positioning itself as a leading investment bank by integrating its operations and focusing on technology-driven companies [6][7]. - The firm aims to provide comprehensive services throughout the lifecycle of enterprises, emphasizing a shift from traditional financing methods to a "companion + value co-creation" model [8]. - Guolian Minsheng's strategy includes targeting high-quality, high-growth technology companies in sectors such as new energy, new materials, and biomedicine, aligning with national strategic development goals [7][8].

Group 1 - The opening of Guolian Minsheng Securities' Ningbo Caishen Road branch marks a significant step in integrating financial services with the local economy, aiming to support high-quality development in Xikou Town [1][2] - The branch is positioned as a partner in regional economic development, emphasizing the mission of "nourishing the land with financial resources" and becoming a benchmark for rural revitalization and industry-finance collaboration [2] - Guolian Minsheng Securities aims to provide professional and sincere wealth management services to local residents and financing support to small and medium-sized enterprises, enhancing the financial service standards in the region [2][3] Group 2 - The company focuses on a development philosophy of "deepening regional engagement and refining industry expertise," striving to create a comprehensive financial service platform that integrates industrial banking, technology banking, and wealth banking [3] - By leveraging a professional investment team and a diverse product line, the company intends to offer personalized wealth management solutions, enhancing service efficiency and helping clients achieve wealth preservation and growth [3] - The strategy emphasizes the full-chain advantages of "large investment banking + large investment + large research," targeting key industries in the Yangtze River Delta to provide comprehensive financial services and support economic upgrading [3]

Group 1: Wealth Management Business Development - The company focuses on high-quality development and digital transformation in wealth management, achieving a financial product distribution scale exceeding 260 billion yuan by the end of 2024, a growth of approximately 22% year-on-year [2][4] - The company ranks first in the industry with over 4,600 investment advisor qualifications [2] - The trading volume of Shanghai and Shenzhen stock funds reached 23.95 trillion yuan, reflecting a year-on-year increase of 28.98% [3] Group 2: Investment Banking Business Development - The company adheres to national strategies and regulatory requirements, emphasizing functional service to the real economy [4] - It focuses on resource accumulation and client development in key sectors, enhancing its competitiveness in the Greater Bay Area [4] - The company is accelerating the digital transformation of investment banking while strengthening compliance and risk management [4] Group 3: OTC Derivatives Business Development - As a primary dealer in OTC derivatives, the company enhances its pricing and trading capabilities, expanding its product offerings and risk management solutions for institutional clients [5] Group 4: Investment Management Business Development - The investment management segment includes asset management, public fund management, and private fund management, with a focus on building a diverse product supply system [6][7] - By the end of 2024, the company’s public fund management scale ranks third in the industry, while its partner, E Fund, ranks first [7] - The company emphasizes proactive management capabilities and product innovation to drive growth in asset management scale [6][7]