Group 1: Core Views - The capital market in China has undergone significant reforms, with the implementation of the stock issuance registration system being a fundamental change that enhances market efficiency and attractiveness [1][2][4] - The registration system reform focuses on empowering the market, emphasizing information disclosure, and allowing investors to assess enterprise value [1][2] Group 2: Key Developments in Registration System - The registration system was piloted in the Sci-Tech Innovation Board and has been expanded to the entire market, with over 60 supporting rules introduced to ensure stable development [2][3] - The introduction of new listing standards for the Sci-Tech Innovation Board and the Growth Enterprise Market aims to support emerging industries, including artificial intelligence and aerospace [3][4] Group 3: Impact on the Real Economy - The capital market's ability to serve the real economy has improved, with over 90% of newly listed companies being high-tech enterprises during the "14th Five-Year Plan" period [5][6] - The North Exchange and the New Third Board have facilitated direct financing for small and medium-sized enterprises, with over 270 companies listed on the North Exchange [5][6] Group 4: Regulatory Enhancements - The registration system has not relaxed regulatory requirements but has strengthened oversight across all stages, resulting in a significant increase in penalties for violations [4][7] - The implementation of a robust delisting system has ensured a smooth exit for companies, with 178 companies forced to delist from 2021 to September 2025 [7][8] Group 5: Investor Protection Mechanisms - The investor protection framework has been enhanced, with new regulations addressing issues such as share reduction and fraud, ensuring accountability for issuers and intermediaries [8] - Notable cases of investor compensation have emerged, highlighting the effectiveness of the investor protection measures in place [8]

"十四五"时期，我国资本市场稳中求进，统筹发展与安全，筑牢监管防线，严守风险底线。一系列政策发布 实施以来，资本市场基础制度和监管底层逻辑得到全方位重构，多层次市场体系更加完备，市场功能不断健 全，市场韧性明显增强，市场生态持续净化。 筑牢市场运行"防波堤" 对资本市场来说，过去5年是不寻常的5年。"十四五"时期，我国资本市场面临复杂多变的国内外环境。全球 经济金融波动、地缘政治冲突以及国内经济转型等多重因素，给资本市场带来了一系列考验。 9月22日，在国务院新闻办公室举行的高质量完成"十四五"规划系列主题新闻发布会上，中国证券监督管理委 员会主席吴清在答记者问时表示，过去5年资本市场面临的环境发生了复杂深刻变化，外部输入性风险挑战可 以说是"风高浪急"，国内部分领域风险"水落石出"，资本市场作为各类风险交汇地和敏感带首当其冲。"面对 多重超预期风险挑战，在党中央、国务院统筹部署下，我们协同各宏观管理、金融管理、国资部门和相关经 营主体加强政策对冲、资金对冲、预期对冲，有效防范市场大幅波动和系统性风险。"吴清说。 去年4月，国务院印发《关于加强监管防范风险推动资本市场高质量发展的若干意见》（以下简称"新'国九 ...

【大河财立方消息】天眼查App显示，10月15日，河北自贸区正定片区国有资产控股有限责任公司发生工商变更，企业名称变更为河北自贸区产业投资集团 有限公司，同时，注册资本由2000万人民币增至130亿人民币，增幅64900%。 该公司成立于2011年12月，法定代表人为李毅飞，经营范围含以自有资金从事投资活动、自有资金投资的资产管理服务、市政设施管理、公共事业管理服 务、规划设计管理、城乡市容管理、物业管理、企业管理等。 | | | 都在用的商业查询工具 | 豆公司 查老板 音风险 | | --- | --- | --- | --- | | | | 国家中小企业发展子基金旗下机构 | 河北自贸区产业投资集团有限公司 × 天眼一下 | | 基本信息 129 | | 法律诉讼 | 经营风险 经营信息 506 公主 | | 变更记录 27 3 ● | | | | | 序号 | 变更日期 | 变更项目 | 变更前 | | 1 | 2025-10-15 | 注册资本变更(注册资 金、资金数额等变更) | 2000万人民币 | | 2 | 2025-10-15 | 经营范围变更(含业务 范围变更) | 一般项目:以自有资金 ...

| 基本信息 3 | 法律诉讼 | 经营风险 | 公司 经营信息 | | --- | --- | --- | --- | | 执行事务合伙人 | 长江成长资本投资有限公司 | 登记状态 2 | 存续 | | | | 成立日期 | 2025-10-15 | | 统一社会信用代码 ② | 91429004MAG0LT4H4H | 出资额 | 25000万人民币 | | 工商注册号 | 429004310024179 | 纳税人识别号 ② | 91429004MAG0LT4H4H | | 营业期限 | 2025-10-15 至 2035-10-15 | 纳税人资质 | | | 企业类型 | 有限合伙企业 | 行业 | 资本市场服务 | | 参保人数 | | 英文名称 | | | 登记机关 | 仙桃市市场监督管理局 | 主要经营场所 2 | 湖北省仙桃市通港公路特1号61 | | 经营范围 ① | | 一般项目：创业投资（限投资未上市企业）;以自有资金从事投资活动。 (除许可业务外,可自主依法 | | 每日经济新闻 每经AI快讯，天眼查App显示，近日，仙桃市长证产业发展基金合伙企业（有限合伙）成立，执行事务合伙人为 ...

Group 1 - The core viewpoint of the articles highlights the profound institutional reforms and structural optimization in China's capital market during the "14th Five-Year Plan" period, emphasizing the transition towards a more market-oriented, legal, and internationalized system [2][3][5] - The implementation of the new securities law and the introduction of the registration system have significantly enhanced market efficiency and attractiveness, allowing for a more diverse range of companies, including unprofitable and special equity structure firms, to access the capital market [3][4][5] - The proportion of high-tech enterprises among newly listed companies has exceeded 90%, indicating a strong focus on strategic emerging industries, particularly in sectors like integrated circuits and biomedicine [4][5] Group 2 - The total market capitalization of A-shares surpassed 100 trillion yuan, reflecting a historic breakthrough and increased investor confidence, with daily trading volumes reaching over 2 trillion and 3 trillion yuan [7][8] - The capital market's structure is undergoing significant changes, with long-term funds holding approximately 21.4 trillion yuan of A-share market value, a 32% increase from the end of the "13th Five-Year Plan" [8][9] - The direct financing ratio has steadily increased, reaching 31.6%, with a total of 57.5 trillion yuan raised through stock and bond financing in the past five years, indicating a robust support for the real economy [9][10] Group 3 - Regulatory bodies have implemented over 60 supporting rules since the release of the new "National Nine Articles," enhancing the stability of the capital market and promoting high-quality development [10][11] - The number of asset restructuring cases has increased significantly, with a 40% rise in total disclosures and a 150% increase in major restructurings, indicating a shift towards resource allocation towards new productive forces [11] - The market's resilience and risk resistance have improved, with the annualized volatility of the Shanghai Composite Index decreasing by 2.8 percentage points compared to the "13th Five-Year Plan" period [11]

| 全国企业信用查询 | | 中金（漳州）医疗产业投资合伙企业（有限合: 8 | 查一下 | | --- | --- | --- | --- | | 基本信息 13 | 法律诉讼 | 经营风险 | 经营信息 | | 执行事务合伙人 | 中金资本运营有限公司 | 登记状态 | 存续（在营、开业、 | | | | 出资额 | 100000万元 | | 组织机构代码 | MAEX7643-7 | 工商注册号 | 350606110422600 | | 企业类型 | 有限合伙企业 | 营业期限 | 2025-10-14 至 无固ｽ | | 人员规模 | l | 参保人数 | | | 所属地区 | 福建省漳州市龙海区 | 登记机关 | 漳州高新技术产业开 | | 国标行业 | 资本市场服务（J67）∨ | 英文名 | CICC (Zhangzhou) M 自动翻译更新) | | 主要经营场所 | | 福建省漳州市龙海区颜厝镇龙江大街12号龙江新苑SY9幢D01室（邮编363100 | | | 经营范围 | | 一般项目：以自有资金从事投资活动。（除依法须经批准的项目外，凭营业执脱 | | | 国企业信用查询 | 中金 ...

Core Points - A new private equity fund named Mianyang Science and Technology City Gongrong Jiuzhou Equity Investment Fund Partnership (Limited Partnership) has been established with a total investment of 1 billion RMB [1][2] - The fund is managed by Sichuan Jiuzhou Junhe Private Fund Management Co., Ltd. and ICBC Capital Management Co., Ltd. [1][2] - The fund's business scope includes private equity investment, investment management, and asset management activities [1][2] Company Information - The fund was registered on October 14, 2025, and is classified as a limited partnership [2] - The registered capital is 1 billion RMB, and it is required to complete registration with the Asset Management Association of China before commencing operations [2] - The main operating location is in the Innovation Center, Mianyang Science and Technology City New District, Sichuan Province [2]

每经AI快讯，天眼查工商信息显示，近日，中金（漳州）医疗产业投资合伙企业（有限合伙）成立，执行事务合伙人为中金资本运营有限公司，出资额10 亿元人民币，经营范围为以自有资金从事投资活动。合伙人信息显示，该企业由漳州高鑫发展有限公司、漳州片仔癀资产经营有限公司、漳州市产业股权投 资有限公司、中金资本运营有限公司等共同出资。 | 基本信息 10 | 法律诉讼 | 经营风险 | 经营信息 公i | | --- | --- | --- | --- | | 执行事务合伙人 | of 中金资本运营有限公司 | 登记状态 ② | 存续 | | | | 成立日期 | 2025-10-14 | | 统一社会信用代码 ② | 91350603MAEX76437C | 出资额 | 100000万人民币 | | 工商注册号 | 350606110422600 | 纳税人识别号 2 | 91350603MAEX76437C | | 营业期限 | 2025-10-14 至 无固定期限 | 纳税人资质 | | | 企业类型 | 有限合伙企业 | 行业 | 资本市场服务 | | 参保人数 | | 英文名称 | | | 登记机关 | 漳州高新 ...

Core Insights - The implementation of a series of incremental and stock policies since September 26 last year has led to a steady recovery in invoice sales and tax revenue, reflecting a positive trend in China's economy [1][2][6]. Group 1: Economic Indicators - The growth rate of national enterprise sales revenue has shown a steady increase, with quarterly growth rates of 0.4%, 2.6%, 2.1%, 3.1%, and 4.4% from last year's third quarter to this year's third quarter [2]. - Tax revenue has turned positive after seven months of negative growth, with a cumulative increase since February this year, showing year-on-year changes of -0.4%, +2.6%, and +6.9% for the first three quarters [2]. Group 2: Capital Market Performance - Capital market-related tax revenue has increased significantly, with a year-on-year growth of 56.8%, and securities transaction stamp duty rising by 110.5% [3]. - The total market value of A-share listed companies surpassed 100 trillion yuan for the first time in August, and the Shanghai Composite Index reached a ten-year high in September [3]. Group 3: Industry and Tax Revenue Growth - The manufacturing sector's tax revenue grew by 5.4%, accounting for 31% of total tax revenue, with high-end manufacturing sectors like railway and aerospace seeing tax revenue growth of 31.5% [4]. - The domestic value-added tax increased by 3.2%, and corporate income tax rose by 4.1%, indicating improved profitability in various industries [4]. Group 4: Real Estate Market - The decline in real estate-related tax revenue has narrowed, with a year-on-year decrease of 9.8%, and a reduction of about 5% after accounting for tax incentives [5]. - The implementation of policies to stabilize the real estate market has led to a significant reduction in housing transaction costs, contributing to market stabilization [5]. Group 5: Consumer Activity - The policy of replacing old consumer goods has stimulated consumption, with machinery equipment purchases increasing by 9.7% year-on-year, and high-tech manufacturing equipment purchases rising by 11.8% [5]. - Retail sales of home appliances, such as refrigerators and televisions, have seen substantial growth, with increases of 55.4% and 35.3% respectively [5].

天眼查App显示，近日，广州白云云科创想创业投资基金合伙企业（有限合伙）成立，执行事务合伙人为广州市白云投资基金管理有限公司，出资额1亿人 民币，经营范围包括企业管理咨询、财务咨询、创业投资等。合伙人信息显示，该基金由广州白云产业发展服务有限公司、广州白云金科控股集团有限公 司、广州市白云投资基金管理有限公司共同出资。 | 基本信息 4 | 法律诉讼 | 经营风险 1 | 经营信息 公司 | | --- | --- | --- | --- | | 执行事务合伙人 2 | 广州市白云投资基金管理有限公 司 「 | 登记状态 ② | 存续 | | | 委派代表: 肖谈(来源于中基协) | 成立日期 | 2025-10-09 | | 统一社会信用代码 ② | 91440111MAG045QN5R | 出资额 | 10000万人民币 | | 工商注册号 | 440111008321142 | 纳税人识别号 2 | 91440111MAG045QN5R | | 营业期限 | 2025-10-09 至 无固定期限 | 纳税人资质 | | | 企业类型 | 有限合伙企业 | 行业 | 资本市场服务 | | 参保人数 | | ...