证券日报网1月6日讯，雅戈尔（600177）在接受调研者提问时表示，投资板块投资收益主要来自宁波银 行以权益法核算的净利润与中信股份等金融资产的分红。减持中信股份等金融资产收回的资金，公司将 秉承稳健的投资原则，继续优化投资结构。 ...

Core Viewpoint - LeEco plans to invest up to RMB 180 million in financial assets, including new stock subscriptions, secondary market stock trading, and reverse repos, to enhance capital efficiency and generate additional investment returns [3]. Investment Plan Summary - The total investment amount for new stock subscriptions, secondary market stock trading, and reverse repos will not exceed RMB 180 million [3]. - The market value of freely traded stocks in the secondary market will not exceed RMB 30 million, with conditions that at least 50% of the stocks must be bank shares and at least 80% must be constituents of the CSI 300 Index [3]. - The total amount for new stock subscriptions on the Beijing Stock Exchange and reverse repos will be no less than RMB 150 million [3]. - The investment quota can be recycled within 36 months from the date of approval by the shareholders' meeting [3].

Core Viewpoint - The establishment of China Merchants Bank's financial asset investment company, 招银投资 (Zhaoyin Investment), marks a significant step in supporting national strategies and enhancing comprehensive financial services [1][3]. Group 1: Company Overview - 招银投资 is a wholly-owned subsidiary of 招商银行 (China Merchants Bank) with a registered capital of 15 billion yuan [1][3]. - The company was officially launched on December 2, 2023, in Shenzhen, with key government and financial leaders in attendance [1][2]. Group 2: Strategic Goals and Vision - 招银投资 aims to leverage national and regulatory policy opportunities, focusing on technology innovation and industrial transformation [2]. - The company aspires to become a leading investment institution by enhancing its research, investment management, risk management, and technological capabilities [2]. - It emphasizes value investment and aims to create a new ecosystem of investment and lending [2]. Group 3: Market Position and Services - 招银投资 will focus on market-oriented debt-to-equity swaps and participate in pilot equity investment projects under regulatory guidance [4]. - The company intends to provide comprehensive financial support throughout the lifecycle of its clients, aiming to reduce corporate leverage and facilitate transformation [4]. - By integrating with 招商银行's resources, 招银投资 will enhance the bank's service capabilities, transitioning from a traditional debt financing provider to a comprehensive financial service provider [4].

Core Viewpoint - The establishment of China Merchants Bank's financial asset investment company, 招银投资, marks a significant step in supporting national strategies and enhancing comprehensive financial services [2][3]. Group 1: Company Establishment - 招银投资 officially launched on December 2, with a registered capital of 15 billion yuan [2]. - The company is one of the first financial asset investment companies approved for establishment by a joint-stock bank in China [5]. Group 2: Strategic Goals - 招银投资 aims to leverage national policies, technological innovation, and capital market development to become a leader in the financial asset investment sector [3]. - The company will focus on value investment and long-term capital, creating a new ecosystem for investment and lending [3]. Group 3: Market Focus - 招银投资 will concentrate on market-oriented debt-to-equity swaps and participate in pilot equity investment projects under regulatory guidance [6]. - The company seeks to provide comprehensive financial support throughout the lifecycle of clients, aiming to reduce corporate leverage and facilitate transformation [6].

Core Viewpoint - Recently, Xinyin Financial Asset Investment Co., Ltd. was established with a registered capital of 10 billion RMB, fully owned by CITIC Bank [1] Group 1: Company Information - The legal representative of Xinyin Financial Asset Investment Co., Ltd. is Jiang Dongming [1] - The company is registered in Guangzhou, Guangdong Province [1] - The business scope includes non-bank financial services [1] Group 2: Regulatory Approval - CITIC Bank received approval from the National Financial Supervision Administration for the establishment of Xinyin Financial Asset Investment Co., Ltd. on November 21, 2025 [1] - The registered capital of the company is confirmed to be 10 billion RMB as per the regulatory approval [1]

Core Viewpoint - Guangzhou's Tianhe District has introduced policies to support the high-quality development of the financial asset investment industry, aiming to enhance its contribution to the local economy and society [1] Group 1: Policy Measures - Financial asset investment companies approved by central financial management departments and operating in Tianhe District will receive a one-time matching support equal to 50% of the municipal support they obtain [1] - The maximum one-time matching support amount for a single financial asset investment company is capped at 20 million yuan [1]

Core Viewpoint - The company reported that as of June 30, 2025, the book value of its investment in XCMG Machinery is 2.86 billion yuan, which is classified as other equity instrument investment, and fluctuations in stock price do not affect the company's profit and loss [1] Investment Details - The cumulative fair value change recognized in equity for the period from January to June 2025 is -60 million yuan [1] - For further details on other investment situations, the company refers to its 2025 semi-annual report, specifically the "Financial Asset Investment" section [1]

Group 1 - The concept of "middle class" is vague and has various definitions based on income, assets, occupation, education level, and social status [3][4] - In China, middle-class families are often defined as those with an annual income between 100,000 to 500,000 yuan for a typical three-person household [3] - The perception of being middle class tends to fluctuate with economic conditions, with more people identifying as middle class during economic upturns and fewer during downturns [4][5] Group 2 - Globally, the middle class is characterized by high education levels, decent incomes, and a lifestyle that includes modern and fashionable products, but they also face financial pressures such as high mortgages and job insecurity [6][7] - Reports indicate that the middle class is increasingly being "squeezed," with a decline in their share of national income and growing internal inequality [8][11] - In the U.S., the percentage of people living in middle-class households has dropped from 61% in 1971 to 51% in 2023, reflecting a long-term trend of middle-class decline [11][12] Group 3 - Economic growth and industrial development are crucial for the stability of the middle class, as they directly impact income and job opportunities [12][19] - The shift towards a "dual labor market" has resulted in a stark divide between "good jobs" and "bad jobs," making it difficult for many to achieve middle-class status [17][18] - The decline of traditional manufacturing jobs in the U.S. has contributed to the shrinking middle class, as many high-paying jobs have been lost to globalization and automation [14][16] Group 4 - The volatility of assets that middle-class individuals rely on for financial security, such as real estate and stocks, has increased their financial instability [21][24] - Many middle-class individuals have seen their investments in real estate and financial markets yield uncertain returns, further exacerbating their financial anxiety [23][27] - The trend of "credential inflation" has also affected the middle class, as the value of educational qualifications has diminished over time [26] Group 5 - The middle class often falls into a consumption trap, striving to emulate the lifestyles of the wealthy, which leads to unsustainable spending habits [29][30] - This phenomenon is not unique to any one country, as similar patterns of behavior can be observed among middle-class individuals globally [34][35] - A shift in mindset is necessary for the middle class to reassess their spending and investment strategies, moving away from the traditional belief that hard work alone guarantees financial success [35]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 海外監管公告 蘇豪弘業期貨股份有限公司 2025年第三季度報告 本公告乃本公司根據香港聯合交易所有限公司證券上市規則第13.10B條而作 出。 茲 載 列 本 公 司 於 深 圳 證 券 交 易 所 網 站 刊 發 之《蘇 豪 弘 業 期 貨 股 份 有 限 公 司2025 年 第 三 季 度 報 告》，僅 供 參 閱。 承董事會命 董事長兼執行董事 儲開榮先生 中國南京 2025年10月28日 於 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 儲 開 榮 先 生 及 趙 偉 雄 先 生；非 執 行 董 事 薛 炳 海 先 生 及 蔣 海 英 女 士；以 及 獨 立 非 執 行 董 事 黃 德 春 先 生、盧 華 威 先 生 及 張 洪 發 先 生。 Holly Futures （ 於中華人民共和國註冊成立的股份有限公司 ， 中文 ...

Core Viewpoint - Huizhou Intelligent (002122.SZ) announced that its wholly-owned subsidiary, Xuzhou Runxi Management Consulting Partnership (Limited Partnership), plans to acquire part of the fund shares held by Li Wenlu of Jiaxing Lingben Yunhua Equity Investment Partnership (Limited Partnership) at a price of 1.8919 yuan per fund share, with a total transfer price of 17.0271 million yuan [1] Group 1 - After the completion of this transaction, Xuzhou Runxi will become a limited partner of the Lingben Yunhua Fund, holding 9,000,000 fund shares, which accounts for approximately 9.78% of the fund's total paid-in capital [1] - According to the partnership agreement, the fund shares held by Xuzhou Runxi will not exceed 20%, and it will not appoint members to the investment decision committee, thus only enjoying relevant rights as a limited partner without significant control over the fund's operations [1] - The company will not consolidate the Lingben Yunhua Fund in its financial statements, and this investment will be classified as a financial asset measured at fair value with changes recorded in the current profit and loss, listed under "Other Non-current Financial Assets" in the financial statements [1]