【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇9月24日丨华安证券(600909.SH)公布，2025年9月23日，公司接到安徽能源集团的《关于国 有资产无偿划转的告知函》，为便于对存量金融股权实施专业化管理，安徽能源集团拟将持有的华安证 券125,476,294股无限售条件股份无偿划转给皖能资本。本次无偿划转前，安徽能源集团持有华安证券 125,476,294股股份，占华安证券总股本的2.68%。本次无偿划转完成后，安徽能源集团不再持有华安证 券股份，皖能资本持有华安证券125,476,294股股份，占华安证券总股本的2.68%。 （责任编辑：贺翀 ） ...

Core Insights - The Risk Asia Awards 2025 recognize excellence in various categories related to risk management and financial services across Asia [1][2][3] Group 1: Derivatives Awards - Derivatives house of the year for Asia is awarded to UBS [1] - Other notable winners include Daiwa Securities for Japan, Crédit Agricole CIB for Hong Kong and South Korea, and OCBC Bank for Singapore [1] - The award for derivatives house of the year in China goes to Shenwan Hongyuan Securities, while CTBC Bank wins for Taiwan [1] Group 2: Specialized Awards - Standard Chartered is recognized as the interest rate derivatives house of the year [1] - BofA Securities wins the currency derivatives house of the year award [1] - UBS is awarded both equity and credit derivatives house of the year [1] Group 3: Technology and Risk Solutions - Murex is named technology vendor of the year and also wins for system support and implementation [2] - S&P Dow Jones Indices is recognized for quantitative investment solutions [2] - FactSet is awarded for risk solutions [2] Group 4: Compliance and Risk Management - The best AI solution for risk management is awarded to SAS Institute [2] - Wolters Kluwer receives multiple awards for various risk management solutions including IFRS 9 and credit risk management [2] - NICE Actimize is recognized for its AML solution of the year [2]

Core Viewpoint - The article discusses investment strategies for the upcoming National Day and Mid-Autumn Festival holidays, emphasizing the importance of planning for financial growth during the holiday period through various investment products and strategies [2][4]. Group 1: Investment Strategies - Investors are advised to consider daily interest-bearing financial products before September 29 to enjoy full holiday earnings [3][4]. - Notice deposits are recommended as a stable option, with a 7-day interest rate of approximately 0.65%, which is significantly higher than regular savings [3][4]. - The article highlights the appeal of government bond reverse repos as a way to manage idle funds, offering a safe and low-risk investment option [4][7]. Group 2: Timing and Earnings - The timing of operations is crucial; for instance, executing a 7-day reverse repo on September 25 allows investors to earn interest for 14 days [4][5]. - On September 30, participating in reverse repos will not yield holiday earnings, making it a less favorable option for investors [7]. - The article provides a detailed table outlining the interest days, fund availability, and withdrawal dates for various reverse repo terms [5]. Group 3: Market Conditions - The current market environment is characterized by ample liquidity, with the People's Bank of China conducting operations to maintain this liquidity [7][8]. - Reverse repo rates have seen slight declines, with average rates reported around 1.55% as of September 25, indicating a stable yet competitive investment landscape [8]. - The article notes that the demand for high-quality, safe assets remains strong amid a backdrop of asset scarcity [7][8]. Group 4: Fund Management and Restrictions - Several fund companies have announced subscription restrictions on fixed-income products ahead of the holiday, indicating a proactive approach to managing liquidity risks [10][14]. - The article mentions that 75 fixed-income funds have implemented subscription limits as of September 25, reflecting a trend in the industry to safeguard existing investors' interests [10][14]. - The new fund fee regulations may impact the performance of short-term bond funds, leading to a reassessment of their attractiveness for liquidity management [15].

Market Sentiment - The current market sentiment is characterized by emotional reactions, particularly among investors who are optimistic about technology stocks despite high valuations [1][3] - Investors who sold technology assets have realized significant gains, while those who bought in recently are feeling left out of the rally [3] Investment Strategies - There is a notable difference in performance between investors: those who bought "old tech" assets have seen returns close to 100% over the past year, while those investing in "new tech" assets have seen returns of less than 20% [1] - The article emphasizes the importance of understanding the difference between investing and speculating, suggesting that many investors still struggle with this concept [3] Market Trends - The article predicts that the major indices will not decline before the holiday season and may even reach new highs, driven by sectors like liquor, securities, banking, and insurance [5] - The current market behavior is compared to earlier in the month, where a shift from banking stocks to technology stocks is anticipated, indicating a controlled market rhythm [5] Personal Investment Reflections - The author reflects on their own investment experience, noting that after reducing exposure to the ChiNext index, they have limited holdings in technology stocks, which has affected their ability to hedge against market downturns [7] - The need for a balanced mindset and patience in navigating the market is highlighted, especially after experiencing fluctuations in portfolio value [7]

Core Insights - The 2025 Shanghai pioneering industries conference focused on biopharmaceuticals and technology, featuring the 14th pharmaceutical CEO forum and the 5th AI conference [1][2] - The event attracted nearly 100 industry leaders, representatives from around 200 listed companies, and approximately 1,000 investors [2] - Key discussions included innovative drug R&D, medical technology advancements, globalization of pharmaceutical firms, and AI breakthroughs [3] Industry Trends - The pharmaceutical CEO forum has evolved into a significant platform for connecting global pharmaceutical resources since its inception in 2012 [4] - The AI conference has documented the transition of AI from theoretical research to practical industrial applications since its launch in 2019 [4] - The technology segment highlighted AI's disruptive impact, covering innovations in hardware and software applications across various industries [5] Investment Opportunities - The conference serves as a major platform for tracking industry trends and identifying investment opportunities in pioneering industries [6] - Guotai Haitong Securities aims to leverage its expertise and resources to support the high-quality development of these industries [6]

专题：2025金融教育宣传周：保障金融权益 助力美好生活 基金行业在行动 2 经营机构的适当性匹配意见不表明其对产品或者 服务的风险和收益做出实质性判断或者保证。 贫》系列。 同学习其重要性与实践意义。 一)什么是"适当性匹配" 2 为什么它如此重要? 投资就像量体裁衣,关键在于找到"适合"的款 式。"适当性匹配"是保护投资者权益的重要机 制,其重点在于"将适当的产品或服务销售给 适当的投资者"。 1、机构的责任与义务: 根据中国证监会《证券期货投资者适当性管 理办法》相关规定,经营机构在销售产品或 提供服务时,应当做到: ■ 勤勉尽责,审慎履职,全面了解投资者情况: Z 深入调查分析产品或者服务信息: ☑ 科学有效评估、充分揭示风险; ■ 基于投资者的不同风险承受能力以及产品或者 服务的不同风险等级等因素,提出明确的适当 性匹配意见; ▽ 将适当的产品或者服务销售或者提供给适合的 投资者,并对违法违规行为承担法律责任。 2、投资者的角色与责任: ▽ 如实提供相关信息,配合风险测评; ■ 在了解产品或者服务情况,听取经营机构适当 性意见的基础上,根据自身能力审慎决策,独 立承担投资风险。 "适当性匹配"在实际 ...

Group 1 - The core viewpoint of the articles highlights Guohai Securities' recognition in the wealth management sector, winning two awards for its innovative practices and digital transformation efforts [1][2] - Guohai Securities has embraced digital transformation, addressing key pain points in wealth management by creating a digital operation system centered around a "data middle platform + digital employee activity operation platform" [1] - The awarded "Wealth Brokerage Digital Practice Case" showcases Guohai Securities' innovative approach in digital transformation, achieving minute-level online activity, response, and fully automated operations, significantly enhancing business efficiency and customer experience [1] Group 2 - In customer service, Guohai Securities focuses on a customer-centric approach, promoting a "fee based on assets" service model that aligns customer returns with service fees [2] - The company has launched the "Her Wealth" brand to target inclusive finance, continuously building a reputation in niche markets through high-quality video content and live broadcasts, achieving a total view count of 20 million since 2024 [2] - The dual awards from the Jun Ding Award signify Guohai Securities' continuous breakthroughs in digital transformation and its commitment to high-quality development in wealth management, aiming to help investors achieve wealth appreciation and long-term value goals [2]

By Cynthia Kim, Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea's trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or perhaps no deal at all. The Korean won broke through the psychologically important 1,400 to the dollar level on Thursday, seen by markets as authorities' line in the sand against bearish speculative bets and opening the way for further downside. The selling ga ...

Core Viewpoint - The company organized a Financial Education Promotion Week from September 15 to September 21, 2025, focusing on protecting financial rights and enhancing investor education in line with national policies and guidelines [1]. Group 1: Online Promotion - The company utilized various online platforms, including its official WeChat account, to disseminate educational materials covering rational investment, anti-money laundering, and fraud prevention [1]. - Risk alerts and promotional information were sent to investors via SMS, effectively broadening the outreach and enhancing financial knowledge and risk awareness among investors [1]. Group 2: Offline Promotion - The company conducted offline promotional activities at branch locations, creating a strong promotional atmosphere through banners, posters, and educational booths [7]. - Community outreach efforts targeted key demographics such as the elderly and youth, using case studies and face-to-face interactions to improve public awareness of illegal financial activities [8]. Group 3: Special Activities - Branches organized themed discussions, lectures, and interactive online quizzes, showcasing innovative approaches to investor education [13]. - Specific events included a wealth management seminar in Ningbo and an online activity in Sichuan, which received positive feedback, highlighting the effectiveness of the company's educational initiatives [13]. Group 4: Future Directions - The company aims to continue enhancing investor education by optimizing content and formats, ensuring the sustainability and branding of educational efforts, and contributing to a stable financial market environment [20].

荣誉的取得离不开每一位员工的辛勤付出与紧密协作。从投研团队的深度研究，到投顾团队的精准服 务，再到运营团队的高效支持，各环节紧密配合，形成了强大的服务合力。正是这种协作精神，使得国 联民生证券能够在激烈的市场竞争中脱颖而出，赢得客户的信赖与认可。 国联民生证券将以此次获奖为契机，继续深耕财富管理领域，秉承"诚信、稳健、开放、创新"的经营理 念，不断提升专业水平，优化服务流程，加强团队建设，以更加优质、高效的服务回馈广大客户，为公 司财富管理业务的高质量发展及证券行业的健康发展贡献力量。 国联民生证券始终秉持"以客户为中心"的服务理念，致力于为客户提供全方位、个性化的财富管理解决 方案。在投资顾问服务方面，专业团队凭借深厚的专业知识、敏锐的市场洞察力以及严谨的工作态度， 为投资者提供了精准的市场分析、专业的投资建议以及贴心的资产配置服务，帮助客户实现资产的稳健 增值。 2020年4月，公司获得券商首批基金投顾试点资格。展业5年来，在资产配置投研框架的基础上，不断完 善5 + N（5代表五档风险等级的睿系列投顾策略，N代表工具化和定制化策略）的策略体系，上线超过 400个组合，满足超过34万客户的投资需求。在业务 ...