株洲市产业发展投资控股集团有限公司（简称"株洲产投集团"）旗下的湖南国金商业保理有限公司（简 称"湖南国金保理"）的实践案例表明，通过信用风险管理工具与保理业务相结合，可实现创新求变、逆 势增长的韧性发展，践行"金融服务产业"的初心。 商业保理与国内贸易信用保险分别是企业信用管理的重要融资工具和风险管理工具，天然相辅相成，双 管齐下可为企业实现盘活应收账款、转移信用风险、降低融资成本等功效，但我国鲜有二者的结合案 例。 自《关于发挥国内贸易信用保险作用助力提高内外贸一体化水平的意见》颁布以来，湖南国金保理迅速 响应政策号召，与保险公司合作为某民营企业量身定做融资方案，通过基础交易的确真、国内贸易信用 保险的加持，完成5000万元的"商业保理+信用保险"项目实践落地，将"不确定的应收账款"转化为"确定 性高的保单"，有效解决了保理业务确权难、风险高等现实困难，也为客户达成了"降成本、防风险、优 报表、增营效"的目的。 □株洲产投集团 谢理、杨玲芳、颜鼎 近期多项政策出台鼓励金融赋能实体产业发展，但市场有效需求不足、资金循环不畅等矛盾仍然存在。 新的经济形势下，保理行业既面临市场需求旺盛的机遇，也面临竞争加剧、风 ...

证券代码：600350 证券简称：山东高速 公告编号：2025-052 山东高速股份有限公司 关于公司及子公司提供担保的进展公告 本公司董事会及全体董事保证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。 重要内容提示： ? 担保对象及基本情况 山高云创（山东）商业保理有限公 被担保人名称 司 本次担保金额 88,000.00 万元 担保对 象 实际为其提供的担保余额 220,000.00 万元 是否在前期预计额度内 ?是 □否 □不适用：_________ 本次担保是否有反担保 ?是 ?否 □不适用：_________ ? 累计担保情况 对外担保逾期的累计金额（万元） 0 截至本公告日上市公司及其控股 子公司对外担保总额（万元） 对外担保总额占上市公司最近一 期经审计净资产的比例（%） □对外担保总额超过最近一期经审计净资产 □担保金额超过上市公司最近一期经审计净 特别风险提示 资产 50% □对合并报表外单位担保金额达到或超过最 近一期经审计净资产 30%的情况下 ?对资产负债率超过 70%的单位提供担保 其他风险提示 无 一、担保情况概述 （一）担保 ...

成立德创未来，是为了加快新能源商用车发展，特别是要在氢燃料重卡上加速突破。陕汽党委委 员、质子汽车董事长王钊说，德创未来肩负着孵化平台的职责，通过合资合股孵化新的公司，借助全新 的机制，进行创新、研发、市场开拓，加速氢燃料商用车产业发展。 进入6月，绿色时代资本、优达尚融基金、活水资本、河北产投4家企业，先后入股德创未来汽车科 技有限公司（以下简称"德创未来"）的下属企业质子汽车科技有限公司（以下简称"质子汽车"）。同 时，质子汽车的原有股东西安民营基金追加投资，增资扩股。通过此轮投资，质子汽车累计吸纳投资近 10亿元。 现在看来，通过创新机制打造的这个平台是成功的。王钊说，德创未来已经孵化了多家企业，这些 企业布局在新能源商用车产业链上，以领先的技术走在产业前沿。 "质子汽车成功吸引多方投资者，源于国资国企深化改革、创新机制，让国有资本在新搭建的平台 上爆发能量，实现了'小资本'带动大产业。"省国资委改革处相关负责人告诉记者。 成立于2022年的质子汽车是通过德创未来孵化平台孵化出来的企业，主要从事新能源商用车研制、 生产与销售。凭借灵活的研发经营机制，质子汽车近年来快速发展，营业收入3年来持续保持高速增 ...

Core Viewpoint - The establishment of a financial high-level open corridor in the Guangdong Free Trade Zone is aimed at supporting the high-quality development of the real economy through financial openness and innovation [1][2]. Group 1: Financial Development in Qianhai - Qianhai is positioned as a crucial link between Hong Kong and the mainland, focusing on attracting international capital and supporting enterprises to list in Hong Kong [2][3]. - Over the past decade, Qianhai has attracted a total of $38.2 billion in foreign investment, accounting for 67% of the Guangdong Free Trade Zone's total [2]. - The number of customs-registered enterprises in Qianhai has increased to over 11,000, a growth of 5.7 times since its establishment [2]. Group 2: Capital Market and Listing Support - Qianhai aims to become a nurturing base for companies planning to list in Hong Kong, leveraging Hong Kong's international legal and regulatory framework alongside Shenzhen's industrial advantages [3][4]. - In the first half of this year, the Hong Kong Stock Exchange led global IPO financing with 40 new listings raising HK$102.1 billion [4]. - By 2025, the Hong Kong market is expected to see 80 new listings, with a total financing amount projected to reach HK$200 billion [4]. Group 3: Financial Infrastructure and Cross-Border Finance - The Qianhai Equity Exchange Center is designed to facilitate enterprises in listing in Hong Kong, with a focus on enhancing the listing nurturing mechanism [5]. - Qianhai has established six cross-border financial brands, including cross-border RMB loans and dual-currency bond issuance, to attract international capital [5]. - As of the end of 2024, Qianhai's FT accounts have surpassed ¥1 trillion in cross-border receipts and payments [5]. Group 4: Support for Small and Medium Enterprises - The development of "patient capital" and "bold capital" is emphasized to improve the financing environment for small and medium-sized enterprises and technology companies [6][7]. - The "Technology Startup Pass" credit product has served over 3,200 enterprises, with 80% being early-stage tech companies, providing loans totaling ¥3.8 billion at a low interest rate of 3.45% [6]. - The first private equity fund management license for insurance capital has been issued in Qianhai, with an initial fund size of ¥30 billion [7]. Group 5: Supply Chain Finance - Qianhai is recognized as a major hub for supply chain finance, aiming to support the transformation of the manufacturing sector and promote inclusive finance [9][10]. - The region has launched the first national action plan to promote the development of the factoring industry, establishing itself as a model for supply chain finance innovation [9]. - By May 2025, Shenzhen is expected to have 11,000 specialized small and medium enterprises, providing a strong market for supply chain financing [10].

不久前，一批新能源汽车从天津港启运，发往阿塞拜疆首都巴库。这批汽车由天津华图汽车物流有限公 司（以下简称"华图汽车"）采购，销售给海外进口商。虽然账期有90天，但依托天津自贸试验区"本外 币一体化共管账户+优先受偿权"国际保理业务，仅一周时间华图汽车就实现了回款。 这是天津自贸试验区全国首创系列的又一"新成员"。2015年12月，中国人民银行印发《关于金融支持中 国（天津）自由贸易试验区建设的指导意见》（以下简称"金改30条"），开启了天津自贸试验区金融改 革创新进程。截至2024年末，自贸试验区内各类经营主体近8.7万户，超过自贸试验区成立之初3倍；自 贸试验区内主体累计新开立本外币账户17.8万个，办理跨境收支4276亿美元，跨境人民币结算超8700亿 元。 以时间为轴，变化的数据，印证的是天津自贸试验区金融改革创新不断取得新突破，跨境贸易和投融资 自由化便利化水平不断提升，市场经营主体获得感不断增强的丰硕成果。外贸企业是涉外经济、市场活 力和跨境贸易的重要承载，面对复杂多变的外部环境，企业活力奔涌的动力是什么？金融创新为企业解 决了哪些难题，又如何更好护航企业"走出去"？近日，《金融时报》记者走进天津自 ...

证券代码：002200 证券简称：*ST交投 公告编号：2025-065 云南交投生态科技股份有限公司 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、关联交易概述 业保理（上海）有限公司（以下简称"保理公司"）共开展了四次反向保理融资业 务，融资额度共计 90,000 万元，首付款使用费费率为不超过 6%/年，按公司实际占 用资金和实际用款天数，按季进行支付。鉴于 LPR 利率持续变动，为缓解公司压力， 结合公司实际，2024 年经公司第八届董事会第四次会议及 2023 年度股东大会审议 通过，公司与保理公司签订《反向保理协议的补充协议》，将首付款使用费费率由 不超过 6%/年调整为不超过 5%/年。 元，公司已归还 26,256.81 万元，剩余 11,644.23 万元。鉴于目前公司可自由使用 的资金不足，为统筹考虑公司日常生产经营需求，结合公司资金状况，公司拟向保 理公司申请对需于 2025 年二至四季度支付的保理首付款使用费 439.67 万元展期至 额外的利息支出。 与公司构成关联关系，关联交易金额为 439.67 万元。根据深圳证券交易所《股 ...

证券代码：600729 证券简称：重庆百货 公告编号：临 2025-027 重庆百货大楼股份有限公司 关于控股子公司调整部分商业保理融资利率暨关联交易的 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。 业保理有限公司向重庆渝都酒店有限责任公司提供商业保理融资的关联交易议 案》，决定向渝都酒店提供 3,500 万元保理预付款融资，年利率 5%，具体内容 详见《关于重庆重百商业保理有限公司向重庆渝都酒店有限责任公司提供商业保 理融资的关联交易公告》（公告编号：临 2025-012）。 年日常关联交易的议案》，预计了公司 2025 年度日常关联交易情况。其中，预 计重百保理分别向恒升资产提供保理预付款融资 11,000 万元，年利率 6%；向康 格租赁提供保理预付款融资 1,500 万元，年利率 5%。具体内容详见《关于预计 目前，重百保理向渝都酒店、恒升资产、康格租赁保理预付款融资余额为 万元，康格租赁保理余额 1,500 万元。 近期中国人民银行持续下调金融机构 LPR 贷款利率，1 年期 LPR 贷款利率已 降至 3.0 ...

Group 1 - The Tianjin Securities Regulatory Bureau, in collaboration with the Shanghai Stock Exchange and other local financial authorities, held a training session on bond financing for leasing and commercial factoring companies, attended by nearly 40 enterprises [1] - Experts from the Shanghai Stock Exchange introduced the types and characteristics of bond financing tools for leasing and commercial factoring companies, focusing on asset securitization review policies and typical case studies [1] - Participating companies expressed that the training was highly targeted, content-rich, and authoritative, providing strong guidance for practical bond financing work [1] Group 2 - Tianjin City places great importance on the development of the leasing and commercial factoring industries, positioning them as key components of financial innovation and operational demonstration zone construction [2] - By the end of 2024, the asset scale of leasing (including financial leasing) in Tianjin is expected to exceed 2.3 trillion yuan, with cross-border leasing businesses accounting for over 90% nationally, further solidifying its status as the world's second-largest aircraft leasing hub [2] - The asset scale of commercial factoring is projected to exceed 300 billion yuan, with factoring financing balances surpassing 250 billion yuan, maintaining a leading position nationwide [2] - Companies in the leasing and commercial factoring sectors are encouraged to deepen their understanding and application of bond market tools to achieve stable growth and support high-quality development of the real economy [2] - Specific bond types such as green bonds, low-carbon transition bonds, technology innovation bonds, and small and micro-enterprise support bonds are recommended to serve industries in green, low-carbon, and technological innovation [2] - It is essential to ensure that the underlying assets of asset-backed securities are genuine, legal, and effective, adhering strictly to legal regulations and self-discipline rules to protect investors' rights [2] - High-quality leasing and factoring companies are encouraged to explore practices in areas such as renewable asset-backed securities, non-credit-enhanced issuance, and data asset securitization products [2]

Group 1 - Tianjin is promoting the "technology-industry-finance" new cycle mechanism to enhance the depth and effectiveness of technology finance through improved organizational systems, credit services, insurance guarantees, and pilot equity investments [1] - As of 2023, Tianjin has established 61 technology-focused branches within its banking institutions, with a loan balance of 288.3 billion yuan to technology innovation enterprises, marking a 20% year-on-year increase, and 50% of these loans are credit loans [1] - The Tianjin insurance industry has provided insurance coverage of 486.49 billion yuan through technology insurance, with the "laboratory all-risk insurance" covering 1.14 million yuan for 46 laboratories [1] Group 2 - A new long-term mechanism for the "technology-industry-finance" cycle has been jointly issued by Tianjin financial regulatory authorities, expanding financial service institutions to include securities, funds, leasing, and factoring [2] - The work plan includes six key measures with 15 specific initiatives aimed at enhancing financial services for technology innovation, including strengthening top-level design, improving organizational structure, and optimizing financial support products [2] - The Tianjin financial regulatory bureau aims to guide financial institutions to increase support for technology innovation, focusing on the financial needs of technology innovation and enhancing the adaptability of financial services [2]

Group 1 - The company plans to transfer 51% equity of its subsidiary, Shenzhen Hualing Commercial Factoring Co., Ltd. (Hualing Factoring), to four core steel subsidiaries, increasing their combined ownership to 60% [1][2] - The transaction involves Hualing Xiangtan Steel Co., Ltd., Hualing Lianyuan Steel Co., Ltd., Hengyang Hualing Steel Pipe Co., Ltd., and Yangchun New Steel Co., Ltd. acquiring 20%, 20%, 10%, and 1% of Hualing Factoring respectively [1][2] - The total transaction amount for the transfer of 9% equity from Hunan Steel Group to Yangchun New Steel is 44.0529 million yuan, accounting for 0.08% of the company's latest audited net assets [2][3] Group 2 - Hualing Factoring was established in July 2015 with a registered capital of 50 million yuan and is primarily engaged in supply chain finance and factoring services [3][4] - The company reported total assets of 283,896.18 million yuan and net assets of 48,926.33 million yuan in the most recent unaudited financial data [4] - Hunan Steel Group, the controlling shareholder of the company, has total assets of 20,855,120.16 million yuan and a net profit of 84,600.44 million yuan in the latest financial period [6] Group 3 - The purpose of the equity transfer is to enhance the collaboration between Hualing Factoring and core steel subsidiaries, thereby improving the competitiveness of the steel industry [7] - The pricing for the equity transfer is based on the net asset value assessed as of March 31, 2025, with a total valuation of 29,368.62 million yuan for the transferred shares [8][10] - The independent directors have reviewed the transaction and concluded that it is fair and does not harm the interests of the company or minority shareholders [12]