Group 1 - The core viewpoint of the news is that Guangfa Securities plans to raise over HKD 6.1 billion through a combination of H-share placement and convertible bond issuance, with the funds aimed at enhancing the capital strength of its overseas subsidiaries [1][2] - The company intends to issue 219 million new H-shares at a placement price of HKD 18.15 per share, which represents an approximately 8.38% discount compared to the closing price of HKD 19.81 on January 6 [1] - The total principal amount of the convertible bonds to be issued is HKD 2.15 billion, with an initial conversion price of HKD 19.82 per share, reflecting a premium of about 0.05% over the closing price on January 6 [1] Group 2 - The funds raised will be fully allocated to increasing the capital of the company's overseas subsidiaries, thereby enhancing their risk resistance and supporting the development of the real economy [2] - The financing strategy of combining equity and debt is expected to improve the core capital adequacy ratio while locking in low-cost long-term funding, optimizing the liability structure [2] - The trend of Chinese securities firms "going global" is accelerating, with cross-border financial services becoming a core competitive advantage for these firms [2][3] Group 3 - Guangfa Securities' move to strengthen its internationalization reflects a new trend of "capital-driven deepening" in the industry, moving beyond merely establishing representative offices or channel businesses [3] - This trend is likely to accelerate industry differentiation, with leading firms like CITIC Securities and CICC maintaining their lead, while second-tier firms like Guangfa Securities and Huatai Securities are strategically investing to capture niche markets [3] - Firms with strong capital, risk control capabilities, and localized operational abilities will have a stronger voice in the global financial resource allocation [3]

来源：时代周报-时代在线 面对复杂多变的外部环境，"稳外贸、稳外资"成为保障经济稳定运行的重要支撑。浙商银行主动对接国家"拓展国际循环，推动贸易创新发展"战略，聚焦外 贸企业跨境结算、融资等核心需求，创新推出全球化账户及结算、一体化流动性融贷、商投行一站式投融资、沉浸式对客外汇交易和场景化外贸新业态于一 体的跨境金融五大服务，有效助力外资外贸企业在国际市场中行稳致远。 脚步不停，成果渐显。"十四五"期间，浙商银行累计提供本外币跨境结算服务超17000亿美元、累计提供汇率避险服务超7000亿美元，为跨境企业提供跨境 融资余额超1500亿元。 响应需求：高效结算服务打通出海"第一公里" "开拓东盟、中东、非洲等新兴市场的企业，过往普遍面临收汇速度慢、中间扣费多、小币种收汇难等问题。对于他们的需求和痛点，近年来，我行主动响 应，持续拓宽境内外合作渠道，先后推出了全球收款、跨境易收等创新服务。"据浙商银行相关负责人介绍，通过这些服务，企业的收款效率得以提升，收 汇成本也进一步降低。 这是浙商银行助力企业出海、勇于创新的一处生动落笔，眼下，更多元化的跨境金融服务范式正持续涌现。 破解难题："跨境资产池"实现境内外信用高 ...

面对复杂多变的外部环境，"稳外贸、稳外资"成为保障经济稳定运行的重要支撑。浙商银行主动对接国 家"拓展国际循环，推动贸易创新发展"战略，聚焦外贸企业跨境结算、融资等核心需求，创新推出全球 化账户及结算、一体化流动性融贷、商投行一站式投融资、沉浸式对客外汇交易和场景化外贸新业态于 一体的跨境金融五大服务，有效助力外资外贸企业在国际市场中行稳致远。 脚步不停，成果渐显。"十四五"期间，浙商银行累计提供本外币跨境结算服务超17000亿美元、累计提 供汇率避险服务超7000亿美元，为跨境企业提供跨境融资余额超1500亿元。 响应需求：高效结算服务打通出海"第一公里" 一份针对中小外贸企业的调研显示，伴随企业出口贸易资金收付频繁，尤其外贸新业态涉及大量中小微 企业的零散交易，当前企业愈发追求支付结算流程的高效与低成本。因此，要想帮助出海企业稳健走 出"第一步"，便捷跨境收付服务不可或缺。 "开拓东盟、中东、非洲等新兴市场的企业，过往普遍面临收汇速度慢、中间扣费多、小币种收汇难等 问题。对于他们的需求和痛点，近年来，我行主动响应，持续拓宽境内外合作渠道，先后推出了全球收 款、跨境易收等创新服务。"据浙商银行相关负责人介绍 ...

2025年的最后一天，总资产超3万亿元的浙商银行官宣高管变阵！ 公告显示，因工作岗位调整，林静然辞去该行副行长职务，王超明、侯波辞去行长助理职务。同时，该 行聘任周伟新、潘华枫为副行长，二人原为行长助理。 此外，浙商银行董事长（拟任）陈海强因工作安排不再担任行长职务，经董事会审议通过，该行聘任吕 临华为新任行长，并提名为执行董事候选人。 在吕临华、周伟新、潘华枫任职资格获批后，该行高管阵容将由"一正三副四行助"变更为"一正四副"， 且进一步年轻化。 高管变阵 此次浙商银行领导班子调整，主要涉及精简班子职数、取消总分行行长助理岗位。 "是根据省委省政府部署要求，进一步强化党对金融工作的全面领导，理顺干部管理体制机制、加强浙 商银行班子建设，同时也是通盘考量、反复酝酿后所作出的安排。"该行相关负责人表示。 值得一提的是，前述5名高管均为"70后"。其中，吕临华现年47岁，景峰、骆峰均为46岁，周伟新、潘 华枫分别为54岁、53岁，高管阵容进一步年轻化。 浙商银行相关负责人表示，本次调整有助于该行全面深化改革，推动长期行稳致远，服务好"五篇大文 章"，助力浙江省经济金融发展。 "深耕浙江" 此番高管变阵前，浙商银行 ...

Core Viewpoint - The leadership restructuring at Zhejiang Commercial Bank aims to streamline management and enhance the bank's governance in line with provincial government directives, while also promoting a younger executive team to drive long-term stability and support the economic development of Zhejiang Province [1][2][3]. Group 1: Leadership Changes - Zhejiang Commercial Bank announced a significant leadership change, with Lin Jingran resigning as vice president and Wang Chaoming and Hou Bo stepping down as assistant presidents due to job adjustments [1][2]. - Zhou Weixin and Pan Huafeng have been appointed as new vice presidents, both previously serving as assistant presidents [1][2]. - Lü Linhua has been appointed as the new president, with his qualifications pending approval, marking a shift in the bank's leadership structure from "one president and three vice presidents" to "one president and four vice presidents" [1][3]. Group 2: Executive Team Composition - The new executive team will consist of Lü Linhua (president), along with vice presidents Jing Feng, Luo Feng, Zhou Weixin, and Pan Huafeng, all of whom are in their 40s and 50s, indicating a younger leadership profile [3]. - Lü Linhua is 47 years old, while the other vice presidents are aged between 46 and 54, reflecting a trend towards a more youthful management team [3]. Group 3: Strategic Focus - The leadership changes are part of a broader strategy to deepen reforms and enhance the bank's service capabilities, particularly in supporting major projects and financing initiatives within Zhejiang Province [5]. - The bank aims to integrate the directives from recent central economic meetings into its "14th Five-Year Plan," focusing on sectors like consumption and livelihood, and optimizing its financial service system for traditional and emerging industries [5]. - Emphasis will be placed on building a financial ecosystem that aligns with the needs of the 8 million Zhejiang merchants globally, while also enhancing technology-driven financial services [5].

今年以来，交通银行河南省分行响应金融服务实体经济号召，加大对涉外企业金融支持，通过搭建账户 体系、上线跨境支付系统、提供全流程金融方案，助力河南企业"走出去"，为外贸高质量发展持续贡献 力量。 河南某大型连锁供应链企业、某高端科技制造业企业近年来发展迅速，业务覆盖东南亚、欧美等地，随 着境外布局深化，跨境资金统筹、合规管理等问题凸显。交通银行郑州高新区支行主动对接，为其定制 综合金融方案：协助快速开立EF账户（自由贸易账户），便利跨境本外币一体化资金运作，让企业享 受灵活的汇兑与融资便利；发挥交通银行离岸业务优势，为企业搭建离岸账户，承接境外业务资金，实 现境内外资金物理隔离与高效联通；助力企业上线人民币跨境支付系统（CIPS），依托全天候清算、 少中间环节的优势，缩短汇款到账时间、降低结算成本，凭借标准化报文与严格身份认证，强化支付安 全与合规性，全方位支撑企业全球供应链布局。 （CIS） 未来，交通银行河南省分行将充分发挥国际化、综合化经营优势，以金融科技和跨境产品体系为支撑， 全面推广跨境资金集中运营等便利举措，助力实体企业完善全球资金布局，有效规避跨境经营风险，为 河南省深度融入国内国际双循环新发展格 ...

近年来，我国企业全球竞争力的不断攀升，以新能源、高端装备、生物医药等为代表的新质生产力行业 正在加快海外业务布局与拓展步伐。根据商务部、外汇局统计，2024 年我国境内投资者开展境外的非 金融类直接投资为 1439 亿美元（折合人民币突破 1 万亿元），同比增速达到 10.54%，其中对"一带一 路"国家的投资额占比提升至 23.42%。 目前 A 股企业出海已经进入常态化阶段。根据亿欧智库发布的《2025 中国企业全球化趋势洞察暨 Glocal100 榜单报告》，截至 2025 年上半年，5427 家上市公司中，有 2890 家披露了境外业务收入，数 量占比超过 50%，说明企业"走出去"已经不再是少数特例，而是普遍现象。值得注意的是，上市公司中 有三分之一（33.36%）的公司境外业务收入占比超过30%，其中更有 17.34%的企业境外收入占比超过 50%。 伴随着中国企业出海，境外上市融资、跨境并购等全球资本运作需求随之增加。以 A股企业赴港上市为 例，截至 2025 年 12 月 24 日，2025 年已有 19 家 A 股公司完成港股上市，2025 年 A 股赴港上市公司数 量与 2019-2023 ...

近日，世纪证券举办"卅五华章 共赴新程"主题活动，发布企业文化理念体系，并展望2026年投资策 略。 前海合作区党工委委员、前海管理局副局长刘桂林在活动致辞中表示："近年来世纪证券进一步明确发 展方向、找准定位、提升能级、培育特色，充分把握'金融支持前海30条'等政策布局的发展新机遇，深 入开展跨境金融服务，以强劲的发展势头融入到前海对外开放和高质量发展大局。"他进一步提到，前 海管理局将一如既往、自始至终全力支持世纪证券的发展，希望世纪证券加快打造成为具有特色的一流 券商，更好服务前海和全市的金融发展大局。 前海金控党委书记、董事长董力群表示，世纪证券不仅展现出持续发展的韧性，更在股东协同、业务创 新等方面取得一系列积极进展，期待世纪证券形成具有"前海特色"和"世纪标识"的创新产品与服务模 式。前海金控将与世纪证券共同为粤港澳大湾区内优质企业、跨境机构和居民提供全周期、跨市场的金 融服务。 厦门国贸党委书记、总裁蔡莹彬表示，近年来，世纪证券发展势头愈发强劲，各项重点工作取得积极成 效。厦门国贸期待与世纪证券并肩携手，深化产融协同，构建共生共赢的发展格局。厦门国贸将全力支 持和推动世纪证券深度融入福建自贸区发 ...

优化支付服务既是"关键小事"，也是"开放大事"。"十四五"期间，江苏聚焦外籍来华人员、老年人等重 点群体，大力提升支付便利性。截至2025年11月末，全省共建成覆盖国际机场、主要高铁站、主要景区 在内的140个支付便利化服务区，部署支持现金兑换的银行网点、外币代兑机构和兑换特许机构、自助 兑换机5659个。支付服务不再"见外"，"老外"游得更加开怀。 □ 本报记者 何玥颐 【观察】 江苏跨境金融实践已成"风景"。今年以来，人民银行江苏省分行围绕"CIPS（人民币跨境支付 系统）"组织系列活动及研讨会，指导多家地方法人银行与周边国家境外银行建立跨境人民币业务合作 机制，推动地方法人银行直接接入CIPS，协调CIPS在江苏共建联合创新研究基地，促进各方有效对 接。1—11月，全省跨境人民币收付总额2.8万亿元，同比增长10.5%，占本外币跨境收付总额的比重上 升至41%。 "十四五"时期，江苏金融业不断提升跨境金融服务能力，赋能全省开放型经济提质增效。一方面，着力 夯实基础，全面加强本外币一体化管理，全省已开立本外币合一银行结算账户1.6万户，跨国公司本外 币一体化资金池试点扩面。另一方面，紧扣江苏外贸大省、制造 ...

Group 1 - The core viewpoint emphasizes the increasing interest of companies, especially SMEs, in exploring overseas markets, while highlighting the challenges associated with cross-border operations due to varying market environments, regulations, and processes [1] Group 2 - Thorough preparation and market research are crucial before entering an overseas market, which includes understanding local consumer preferences, business culture, legal regulations, industry standards, competitive landscape, and potential partners [3] - Engaging in professional international exhibitions can provide direct access to potential customers and partners, as well as insights into industry dynamics and market demands [3] Group 3 - Understanding and effectively utilizing cross-border financial service tools is essential, as traditional payment methods may pose challenges such as long transaction times and high fees [4] - Financial technology platforms, like "Yunqiao Cross-border," offer optimized solutions for SMEs, integrating various functions to support businesses throughout their international operations [4][5] - New payment tools, such as digital RMB, can enhance transaction speed and reduce costs, improving cash flow management for enterprises [4] Group 4 - Establishing localized operations and risk management systems is vital for successful overseas expansion, requiring not just language translation but also product adaptation, marketing strategies, customer service, and team management [6] - A systematic risk management framework is necessary to address diverse risks such as currency fluctuations, payment defaults, legal disputes, cultural conflicts, and logistics delays [8] - Companies should proactively identify risk points and develop corresponding strategies, such as purchasing credit insurance and seeking legal advice to protect their interests [8] Group 5 - Key takeaways for companies looking to expand internationally include the importance of in-depth market research and preparation, mastery of modern cross-border financial tools, and the establishment of a robust risk management framework [8]