山东厚惟化学有限公司，成立于2018年，位于东营市，是一家以从事化学原料和化学制品制造业为主的 企业。企业注册资本175000万人民币。通过天眼查大数据分析，山东厚惟化学有限公司参与招投标项目 57次，财产线索方面有商标信息4条，专利信息25条，此外企业还拥有行政许可38个。 天眼查资料显示，齐成（山东）石化集团有限公司，成立于2018年，位于东营市，是一家以从事石油、 煤炭及其他燃料加工业为主的企业。企业注册资本166800万人民币。通过天眼查大数据分析，齐成（山 东）石化集团有限公司共对外投资了8家企业，参与招投标项目35次，专利信息30条，此外企业还拥有 行政许可9个。 来源：金融界 齐成控股集团有限公司，成立于2017年，位于东营市，是一家以从事资本市场服务为主的企业。企业注 册资本205100万人民币。通过天眼查大数据分析，齐成控股集团有限公司共对外投资了10家企业，参与 招投标项目3次，专利信息20条，此外企业还拥有行政许可4个。 金融界2025年6月10日消息，国家知识产权局信息显示，齐成（山东）石化集团有限公司、齐成控股集 团有限公司、山东齐成石油化工有限公司、广饶齐成新能源有限公司、东营齐成 ...

智通财经6月10日电，据深圳证监局消息，随着系列促进并购重组政策措施的出台，深圳上市公司并购 重组市场活跃度持续提升，特别是通过并购重组实现向新质生产力发展转型的趋势日益显现。"并购六 条"发布以来，深圳上市公司公布并购重组预案215笔，160笔重组事项披露交易金额，合计超过450亿 元。（智通财经记者 王晨） "并购六条"以来深圳上市公司公布重组预案215笔 ...

Group 1 - Hubei Dinglong Huisheng New Materials Co., Ltd. and Hubei Dinghui Microelectronics Materials Co., Ltd. have obtained a patent for "a grinding cloth and its preparation method" with the announcement number CN118721015B, applied on July 2024 [1] - Hubei Dinglong Huisheng New Materials Co., Ltd. was established in 2019, primarily engaged in the manufacturing of electrical machinery and equipment, with a registered capital of 200 million RMB [1] - Hubei Dinglong Huisheng New Materials Co., Ltd. has participated in 9 bidding projects and holds 25 patents, along with 65 administrative licenses [1] Group 2 - Hubei Dinghui Microelectronics Materials Co., Ltd. was established in 2015, primarily engaged in the manufacturing of chemical raw materials and products, with a registered capital of approximately 109.47 million RMB [1] - Hubei Dinghui Microelectronics Materials Co., Ltd. has invested in 3 companies, participated in 14 bidding projects, and holds 5 trademarks and 74 patents, along with 23 administrative licenses [1] Group 3 - Hubei Dinglong Holdings Co., Ltd. was established in 2000, primarily engaged in capital market services, with a registered capital of approximately 938.28 million RMB [2] - Hubei Dinglong Holdings Co., Ltd. has invested in 27 companies, participated in 36 bidding projects, and holds 34 trademarks and 234 patents, along with 58 administrative licenses [2]

可转债新上市的速度较慢，强制赎回却持续不断，长此以往，可转债市场可能出现供不应求的局面。可 转债市场具有很好的价值投资属性，值得大力发展，市场需要更多的可转债发行与上市。 从当前市场情况来看，可转债强制赎回现象频繁出现。强制赎回条款本是可转债合同中的一项常规约 定，当正股价格在连续一定交易日中达到或超过转股价一定比例时，发行人有权按约定价格赎回未转股 的可转债。近期，这一条款被频繁触发，背后反映出正股市场表现活跃，可转债价格随之水涨船高。 这一现象并非偶然，而是市场运行规律的一种体现。从长期看，如果强制赎回持续发生，将不可避免地 导致可转债市场出现供不应求的局面。随着越来越多的可转债被强制赎回，市场上的可转债存量将逐渐 减少，投资者对可转债的需求却可能因市场认知度的提升和投资需求的多样化而不断增加。 然而，供不应求的局面并非可转债市场发展的阻碍，反而凸显了其独特的价值投资属性。可转债兼具债 券与股票的双重特性，它为投资者提供了一种进可攻、退可守的投资选择。在市场行情不佳时，可转债 的债券属性保证了投资者能够获得稳定的利息收入，降低了投资风险；而在市场行情向好、正股价格上 涨时，投资者又可将可转债转换为股票，分 ...

Core Viewpoint - The document emphasizes the critical role of technology finance in supporting high-level technological self-reliance and innovation in China, highlighting the issuance of a policy document by seven government departments aimed at addressing structural contradictions between technological innovation and financial services [1]. Group 1: Current Challenges in Technology Finance - The technology finance system in China faces several bottlenecks, including mismatches between the supply of technology finance and the actual needs of technology enterprises, particularly for high-risk, high-investment, and light-asset "hard technology" companies [2][3]. - There is a low proportion of direct financing, especially equity financing, in the financial structure, which does not align well with the high-risk, high-reward nature of technological innovation [3][4]. - Insufficient policy coordination and an imperfect ecological environment hinder the overall effectiveness of technology finance, with a lack of interdisciplinary talent further complicating the situation [4]. Group 2: Strategic Deployment and Core Ideas - The policy document aims to construct a technology finance system that aligns with technological innovation, proposing a series of targeted strategic deployments to provide comprehensive financial services throughout the lifecycle of technology innovation [5][6]. - The establishment of a "National Venture Capital Guidance Fund" is proposed to support the growth of technology enterprises and promote the transformation of significant technological achievements, potentially mobilizing nearly one trillion yuan in local and social capital [5][6]. - The document encourages the expansion of venture capital sources and the participation of various financial institutions in supporting technology innovation through direct financing methods [6][7]. Group 3: Key Policy Measures - The policy emphasizes the need for monetary credit support for technology innovation, advocating for the use of structural monetary policy tools to enhance credit support for key technological projects and small technology enterprises [7][8]. - It calls for strengthening the capital market's role in supporting technology innovation, including enhancing mechanisms for new stock issuance and supporting the listing of technology enterprises with key technological breakthroughs [8][9]. - The document highlights the importance of technology insurance as a stabilizing factor, proposing the development of insurance products that cover the entire lifecycle of technology enterprises [9]. Group 4: Implementation and Coordination - Successful implementation of the policy requires effective coordination among various government departments and the establishment of a dynamic identification mechanism for "technology enterprises" [10][11]. - The document stresses the importance of market-oriented and efficient operation of government guidance funds and policy tools to ensure effective use of financial resources [11][12]. - Building a comprehensive technology finance ecosystem is essential for sustainable policy development, with a focus on cultivating interdisciplinary talent to address the talent gap in the sector [12].

当地时间5日，英国《金融时报》发表文章称，美国政府发动关税战、贸易战，加之美国债务水平持续 飙升，导致全球大型机构投资者对美国资产的信心正在动摇，开始将资金撤出美国市场，转移至其他地 区。文章称，近期美国政府反复无常的贸易政策扰动全球市场，导致美元贬值，美国资本市场今年以来 的表现也远不及预期。此外，特朗普政府力推的"大而美"法案预计将使美国减少3.7万亿美元税收，在 未来10年增加2.4万亿美元赤字。这些因素促使机构投资者纷纷重新评估其在美国市场的持仓规模。(央 视新闻) ...

Group 1 - The event organized by Dongguan Listed Companies Association focused on high-quality development and regulatory policy interpretation, attended by over 100 key representatives from more than 60 listed companies [1][2] - The Guangdong Securities Regulatory Bureau shared insights on the new "National Nine Articles" and the "1+N" policy system, emphasizing the importance of compliance and the overall reform of the capital market [2] - Over the past year, more than 50 regulatory rules have been introduced to optimize the market ecosystem, covering areas such as issuance, information disclosure, corporate governance, mergers and acquisitions, and delisting [2][3] Group 2 - The event facilitated direct communication between company representatives and regulatory experts, addressing practical challenges in information disclosure, mergers and acquisitions, and fundraising management [3] - Since 2024, the Dongguan Listed Companies Association has conducted over 10 policy training and discussion activities to enhance the understanding of regulatory policies among key company personnel [3][4] - The year 2025 is critical for the "14th Five-Year Plan" and the action plan to improve the quality of listed companies, with an expectation of strengthened regulatory oversight [4] Group 3 - Dongguan listed companies have shown improved risk management and operational capabilities, with a 25% year-on-year decrease in regulatory letters issued in 2024 [5] - In 2024, 47 out of 62 Dongguan A-share listed companies distributed cash dividends totaling 5.09 billion yuan, reflecting a positive growth trend in both the number of companies and total dividends [5] - By May 2025, 29 Dongguan listed companies announced share buyback plans exceeding 2.12 billion yuan, indicating confidence in the market [5][6]

2024年9月，证监会发布《关于深化上市公司并购重组市场改革的意见》，坚持市场化方向，更好发挥资本市场在企业并购重组中的主渠道作用。随着相 关文件精神落实持续深入，上市公司的并购重组日趋活跃。本报告从首次披露、受理、交易所审核、不需上会项目情况以及已完成并购重组五个阶段对 2024年上市公司并购重组市场进行分析。 一、首次披露情况 1、交易金额 | 排名 | 上市公司 | 交易标的 | 上市板块 | 交易金额(亿元) | 重组形式 | | --- | --- | --- | --- | --- | --- | | 1 | 中国船舶 | 中国重工100%股权 | 上交所主板 | 1151.50 | 吸收合并 | | 2 | 国泰君安 | 海通证券100%股权 | 上交所主板 | 976.15 | 吸收合并 | | 3 | 国联证券 | 民生证券99.26%股权 | 上交所主板 | 294.92 | 发行股份购买资产 | | ব | 紫米股份 | 新华三30%股权 | 深交所主板 | 151.77 | 协议收购 | | 5 | 塞力斯 | 深圳引望10%股权 | 上交所主板 | 115.00 | 协议收购 | | ...

Group 1 - The China Securities Regulatory Commission (CSRC) will continue to deepen the reform of the capital market's technology finance system, enhancing the integration of technological and industrial innovation while protecting the legal rights of investors, especially small and medium-sized investors [1][2] - The CSRC aims to promote the reform of the issuance and listing system for the Sci-Tech Innovation Board and the Growth Enterprise Market, supporting high-quality unprofitable technology companies to go public [1][2] - The CSRC will implement the newly revised "Management Measures for Major Asset Restructuring of Listed Companies," encouraging technology companies to utilize various payment methods for mergers and acquisitions [1][2] Group 2 - The CSRC will guide private equity funds to optimize long-term assessment mechanisms to better align with the development characteristics of technology innovation companies [2] - The CSRC plans to promote the high-quality development of corporate bonds for technology innovation and explore the issuance of more technology-themed bonds to lower financing costs for innovative companies [2] - The CSRC will support the issuance of Real Estate Investment Trusts (REITs) for projects in new infrastructure and technology innovation industrial parks, promoting the revitalization of existing assets [2] Group 3 - Since last year, the CSRC has implemented a series of policies to support technology innovation in the capital market, improving the regulatory system and market ecology [3] - There are nearly 2,700 listed companies in strategic emerging industries on the Shanghai and Shenzhen stock exchanges, accounting for over 40% of the market capitalization [3]

证监会首席律师程合红6月5日在参加"2025天津五大道金融论坛"时表示，证监会将深化资本市场科技金融 体制机制改革，充分发挥多层次资本市场功能作用，不断推动科技创新和产业创新深度融合，切实加强对 投资者特别是中小投资者合法权益的保护，更大力度支持服务科技创新和新质生产力发展。 程合红表示，证监会高度重视发挥资本市场支持服务科技创新的独特地位作用 ，去年以来，先后推动发布实 施一系列资本市场支持科技创新的政策措施，不断完善支持科技创新的监管体系和市场生态，包括推动出台 《促进创业投资高质量发展的若干政策措施》、出台《关于资本市场服务科技企业高水平发展的十六项措施》 《关于深化科创板改革服务科技创新和新质生产力发展的八条措施》《关于深化上市公司并购重组市场改革的 意见》《资本市场做好金融"五篇大文章"的实施意见》等政策文件，修订《上市公司重大资产重组管理办 法》，与最高人民法院联合印发《关于严格公正执法司法服务保障资本市场高质量发展的指导意见》，与人民 银行联合发布《关于支持发行科技创新债券有关事宜的公告》等，有力地支持了科技创新发展。 程合红介绍，目前在沪深北交易所上市公司中，战略性新兴产业上市公司数量接近27 ...