对此，华谊信资本锚定政策机遇，实时追踪并深度解读资本市场政策风向与行业动态，以专业视角为客户输出精准适配的定制化服务方案，助力企业敏锐 捕捉金融市场新机遇、精准踩准发展节奏，在趋势中实现高效布局。 近日，普华永道两位行业主管合伙人就香港资本市场及资产财富管理领域发展发表重要观点，为香港巩固全球领先金融中心地位的路径提供专业洞察。黄 金钱指出，香港可通过扩大场外交易市场支持创新企业、实施新股通便利跨境投资、扩大概括双重主要上市申请人等的保密上市申请范围，同时完善股东 保障标准、提供人民币资产税收激励并逐步降低股票交易成本，以增强市场开放度与竞争力；关维端则提及香港资产及财富管理行业管理着4.5万亿美元 资产，建议通过税收优惠、人才政策、推广香港基金结构及完善跨境理财通等机制，推动香港成为企业首选目的地。 ...

近日，普华永道两位行业主管合伙人就香港资本市场及资产财富管理领域发展发表重要观点，为香港巩固全球领先金融中心地位的路径提供专业洞察。黄 金钱指出，香港可通过扩大场外交易市场支持创新企业、实施新股通便利跨境投资、扩大概括双重主要上市申请人等的保密上市申请范围，同时完善股东 保障标准、提供人民币资产税收激励并逐步降低股票交易成本，以增强市场开放度与竞争力；关维端则提及香港资产及财富管理行业管理着4.5万亿美元 资产，建议通过税收优惠、人才政策、推广香港基金结构及完善跨境理财通等机制，推动香港成为企业首选目的地。 对此，华谊信资本锚定政策机遇，实时追踪并深度解读资本市场政策风向与行业动态，以专业视角为客户输出精准适配的定制化服务方案，助力企业敏锐 捕捉金融市场新机遇、精准踩准发展节奏，在趋势中实现高效布局。 ...

今年是深圳经济特区建立45周年。作为改革开放的窗口，深圳的金融和科技创新一直走在时代的前列， 为资本市场提供了众多优质上市公司。 深圳"制造业当家"特征明显。2024年，深圳281家制造业上市公司共实现营业收入3.25万亿元、净利润 1586亿元，分别同比增长16.9%、11.4%。深圳民营经济发展亮眼。285家民营上市公司共实现营业收入 2.54万亿元、净利润1193亿元，分别同比增长14.1%、8.2%。 作为创新之都，深圳上市公司在研发投入方面表现出色。2024年，深圳实体产业上市公司研发支出合计 1967亿元，同比增长10.8%。162家战略性新兴产业上市公司研发强度达7%。其中，比亚迪（002594） 研发支出超540亿元，为全国上市公司首位。 深圳突出支持科创企业IPO。2024年以来，深圳11家企业在A股科创板、创业板IPO上市，募资93.92亿 元，上市数量及募资规模均居全国大中城市第一位。科创板、创业板上市公司占全部上市公司比重超 50%，位居全国各省市第一，上市资源持续向新质生产力领域集聚。 深圳国际化布局向纵深推进。2024年深圳上市公司海外业务收入规模合计1.14万亿元，同比增长 15 ...

Core Insights - As of June 2025, the total balance of various deposits in Shenzhen reached 14.16 trillion yuan, an increase of nearly 600 billion yuan since the beginning of the year [1] - The balance of various loans in Shenzhen reached 9.85 trillion yuan, with an increase of over 350 billion yuan since the beginning of the year [1] - The balance of loans to the private economy in Shenzhen reached 4.26 trillion yuan, with a new addition of 849.75 billion yuan [1] Financial Innovations - The scale of technology innovation bonds (referred to as "科创债") reached 20.75 billion yuan, with 14 bonds issued by 9 enterprises including major tech firms [3] - The People's Bank of China Shenzhen Branch has facilitated the issuance of technology innovation bonds, providing a model for financial support in the tech sector [3] - In the first half of 2025, 102 enterprises signed agreements for "腾飞贷" totaling 3.6 billion yuan, while "科技初创通" helped 3,761 enterprises secure loans amounting to 4.84 billion yuan [3] Cross-Border Transactions - In the first half of 2025, the number of foreign card transactions via WeChat Pay increased by 1.6 times, with nearly 2 million foreign users binding their cards [5] - Foreign personnel in Shenzhen conducted 85.8754 million non-cash payment transactions totaling 11.81 billion yuan, marking increases of 29% and 35% respectively [5] - The cross-border RMB payment amount reached 27.6328 trillion yuan, a year-on-year increase of 24.3%, with goods trade accounting for 5.5128 trillion yuan of this total [6] Digital Finance Development - The Shenzhen local credit platform launched over 50 credit products, enabling enterprises to secure financing of 574.4 billion yuan [8] - The digital RMB pilot program has seen nearly 30 million digital wallets opened, with pre-paid funds management reaching nearly 3.1 billion yuan [8] - Shenzhen is advancing the application of a multi-central bank digital currency bridge in cross-border transactions, successfully executing the first transaction involving "bulk commodity trading + multi-central bank digital currency bridge" [8]

Core Insights - Chinese securities firms have made significant progress in Hong Kong's capital market by being selected as the first distributors for the Integrated Fund Platform (IFP) launched by the Hong Kong Stock Exchange (HKEX) [1][2] - The IFP aims to enhance the efficiency of the fund distribution ecosystem by integrating order processing for subscriptions and redemptions, thereby improving communication between fund distributors and registered agents [1][2] Industry Developments - The HKEX announced the launch of order transmission services on the IFP, which will streamline the processing of fund orders and enhance collaboration among participants in the fund distribution ecosystem [1][2] - The first batch of distributors includes 12 Chinese securities firms, which are expected to leverage their technological and asset allocation advantages to strengthen their roles in connecting mainland China and Hong Kong's capital markets [2] Company Strategies - Selected Chinese securities firms plan to enhance their service offerings and expand their wealth management business by providing a wider range of fund products and improving the transparency of investment information [1][3] - Companies like CITIC Securities and China Galaxy International are focusing on optimizing their service platforms and integrating digital order transmission to improve efficiency in fund subscription and redemption processes [3][4] - Guangfa Securities (Hong Kong) aims to leverage Hong Kong's position as an international asset and wealth management center by continuously innovating its wealth management services [4]

Group 1: Stablecoin Regulation in Hong Kong - The "Stablecoin Regulation" in Hong Kong will take effect on August 1, with strict standards for issuers and high entry barriers, resulting in only a few institutions likely to receive licenses initially [1] - Licensed stablecoins must correspond to specific uses, particularly related to trade, especially cross-border trade, and Web 3.0 applications [1] - The Hong Kong Monetary Authority's (HKMA) stablecoin sandbox program is experimental, allowing industry participants to test application scenarios and share experiences, but does not guarantee licensing [1] - The regulation provides a comprehensive framework for issuers, ensuring that similar risks receive the same regulatory treatment, promoting healthy and sustainable industry development [1] Group 2: Cross-Border Wealth Management - Initially, only about 1.5% of southbound funds were directed towards fund products under the cross-border wealth management scheme, but this has increased to 40% as mechanisms improve and investor understanding grows [1] - The HKMA is actively promoting the cross-border wealth management 3.0 initiative to further enhance the sales process, with the current scheme being experimental within the Greater Bay Area [1] Group 3: Hong Kong Monetary Policy and Market Conditions - Low Hong Kong dollar interest rates are seen as beneficial, with continuous capital inflow since May, supported by a strong stock market and a vibrant new stock market [2] - The interest rate spread between the Hong Kong dollar and the US dollar has widened to 3-4%, potentially leading the HKMA to intervene if the situation persists post half-year settlement [2] - Hong Kong's strong foreign exchange reserves and high liquidity are viewed as buffers against current market conditions, with opportunities arising from international investors seeking diversified asset allocation [2]

一举通三地，更低准入门槛、更高投资额 度、更广投资范围、不占用外汇额度即可配置全 球，2024年12月，"跨境理财通"2.0券商业务 正式落地。一经推出便受到广大粤港澳大湾区居 民的欢迎，首批试点券商纷纷迎来开户热潮。 一位深圳的投资者调侃到："上海的朋友都 很羡慕我,他们也很想开户,但并不具备跨境理 财通的开户资格"。 那么，跨境理财通到底是什么，为什么会这 么有吸引力呢? 什么是跨境理财通? 第一,投资范围广:告别单一市场,拥抱全 球机遇。 通过"南向通"，我们可以直接配置港澳市 场优质资产，能够帮助我们分散单一市场风险、 优化资产多元布局,同时把握港股、离岸人民币 产品等差异化投资机遇。 跨境理财通是粤港澳大湾区的一 项金融创新,允许内地与港澳投 资者通过闭环资金管道,跨境投 资对方金融机构销售的合资格投 资产品。 简单来说,跨境理财通是粤港澳大湾区的一 项金融创新, 允许内地与港澳投资者通过闭环资 金管道，跨境投资对方金融机构销售的合资格投 资产品。 "跨境理财通"分为"北向通"和"南向 通"。其中，境内个人投资者参与"南向通"业 务。 在这个投资全球化时代，我们的很多高净值 客户都有强烈的海外资产配 ...

Dear investors and analysts, good afternoon. Welcome to the 2024 National Taiwan Security International Annual Performance Conference. This conference will be live-streamed on the Internet via video and telephone, and will be live-streamed on the official website of the company, LuYanZhong, DongFangCaiFu, Futu Enterprises, TongFaShun, LaoHu, Wande and other platforms. Next, I would like to introduce the management team that will attend this conference. They are Dr. Yanfeng, Executive Director, Chairman of S ...