Tokenized Securities Offering - Guangfa Securities Hong Kong subsidiary launched daily interest tokenized securities denominated in USD, HKD, and offshore RMB [1] - The USD token's benchmark interest rate is the Secured Overnight Financing Rate (SOFR) [1] - The tokenized securities are offered exclusively to institutional and professional investors [1] Functionality and Trading - The tokenized securities allow for earning interest on short-term idle funds [1] - The tokens can be used for conversion between other tokenized assets [1] - The tokens are issued on-chain and traded on Hong Kong licensed cryptocurrency exchange Hashkey [1]

【环球网财经综合报道】近日，上海证券交易所（上交所）召开了一场备受瞩目的专题座谈会，会议主题聚焦于落实科创板"1+6"政策，并与国泰君安、海 通证券、华泰联合证券、中金公司、中信建投、中信证券等头部保荐机构展开了深入交流，广泛听取各方意见建议。此次会议标志着科创板改革再出发，吹 响了支持科技创新企业发展的新号角。 会上，与会保荐机构一致认为，此次推出的科创板"1+6"政策，对于深化资本市场投融资综合改革、进一步增强服务科技创新的包容性和适应性，具有里程 碑式的重大意义。此政策是在此前"科创板八条"持续落地实施的基础上，资本市场连续两年针对科创板推出的重磅改革举措，充分彰显了科创板在服务国家 科技自立自强战略和新质生产力发展中的核心地位。 下一步，上交所将按照中国证监会统一部署，全方位、多层次地加强与市场主体的沟通交流和政策宣贯，深入凝聚市场共识，加快典型案例落地，形成示范 带动效应，稳定市场预期，增强市场信心，从而更好地服务实体经济和新质生产力发展。此次座谈会的召开，不仅为保荐机构指明了方向，也为科创板注入 了新的活力，预示着科技创新型企业将迎来更广阔的发展空间和更强劲的市场支持。(文馨) "1+6"政策中的 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - No explicit core viewpoints are presented in the given content. The report mainly offers a comprehensive overview of the performance of various global asset markets. 3. Summary by Relevant Catalogs Global Asset Market Performance 10 - Year Treasury Yields of Major Economies - On June 26, 2025, yields varied widely across countries, with Brazil at 6.580% and Switzerland at 0.377%. Yields have changed over different time - frames, e.g., the US 10 - year yield decreased by 0.050 in the latest change, 0.150 in a week, 0.237 in a month, and increased by 0.019 in a year [3]. 2 - Year Treasury Yields of Major Economies - As of June 26, 2025, the US 2 - year yield was 3.750. Yields have also changed over time, such as the US 2 - year yield decreasing by 0.090 in the latest change, 0.190 in a week, 0.260 in a month, and 0.920 in a year [3]. Dollar Exchange Rates Against Major Emerging - Market Currencies - On June 26, 2025, the dollar - to - Brazilian real rate was 5.489. Exchange rates have had different percentage changes over time, e.g., the dollar - to - Brazilian real rate decreased by 1.34% in the latest change and 3.53% in a month [3]. Main Economies' Stock Indices - On June 26, 2025, the S&P 500 closed at 6141.020. Indices have shown different percentage changes in the latest, weekly, monthly, and yearly periods, like the S&P 500 rising 0.80% in the latest change, 4.29% in a month, and 11.92% in a year [3]. Credit Bond Indices - Credit bond indices of different regions and types (investment - grade and high - yield) have had positive changes over different time - frames. For example, the US investment - grade credit bond index increased by 0.24% in the latest change, 0.91% in a week, 2.14% in a month, and 5.59% in a year [3][4] Stock Index Futures Trading Data - **Index Performance**: On June 26, 2025, the A - share index closed at 3448.45 with a - 0.22% change. Other indices like the CSI 300, SSE 50, ChiNext, and CSI 500 also had their respective closing prices and percentage changes [5]. - **Valuation**: PE (TTM) values for indices such as the CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were reported, along with their环比 changes. For example, the PE (TTM) of the CSI 300 was 13.17 with a 0.00% 环比 change [5]. - **Risk Premium**: Risk premium data for some indices were provided, e.g., the risk premium of the S&P 500 was - 0.41 with a 0.02% 环比 change [5]. - **Fund Flows**: The latest values and 5 - day averages of fund flows for different segments of the A - share market were given. For example, the latest A - share fund flow was - 716.56 [5]. - **Trading Volume**: The latest trading volumes and 环比 changes of different indices were reported. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 15831.51 with a - 195.89 环比 change [5]. - **Main Contract Basis and Spread**: The basis and spread data for index futures contracts (IF, IH, IC) were presented. For example, the basis of the IF contract was - 41.82 with a - 1.06% spread [5] Treasury Futures Trading Data - **Closing Prices and Changes**: Treasury futures (T00, TF00, T01, TF01) had their closing prices and percentage changes. For example, the T00 closed at 108.950 with a - 0.03% change [6]. - **Funding Rates**: R001, R007, and SHIBOR - 3M funding rates and their daily changes were reported. For example, R001 was 1.4399% with a - 42.00 BP daily change [6]

Group 1 - The company, Dongguan Development Holdings Co., Ltd., has successfully acquired a 7.1% stake in Dongguan Securities through a joint venture with Dongguan Financial Holdings Group, purchasing 10,650 million shares for a total price of 806,472,741 yuan [1] - The acquisition was approved by the company's board and shareholders, and the share transfer agreement has been signed, becoming effective upon approval from the China Securities Regulatory Commission [1] - Following the completion of the transaction, the company now holds a total of 40,650 million shares in Dongguan Securities, representing a 27.1% ownership stake [1]

证券代码：601456 证券简称：国联民生 公告编号：2025-038 号 国联民生证券股份有限公司 关于注册资本完成工商变更登记的公告 （公告编号:2025-031 号），于 2025 年 6 变更注册资本及修订 <公司章程> 的公告》 月 11 日披露的《国联民生证券股份有限公司 2024 年度股东大会决议公告》（公 告编号:2025-036 号）。 锡市数据局换发的营业执照，具体登记信息如下： 统一社会信用代码：91320200135914870B 名称：国联民生证券股份有限公司 类型：股份有限公司（上市、国有控股） 住所：无锡市金融一街 8 号 法定代表人：葛小波 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。 国联民生证券股份有限公司（以下简称"公司"）分别于 2025 年 4 月 29 日、 通过《关于变更注册资本及修订 <公司章程> 的议案》，同意公司注册资本由人民 币 5,472,042,233.00 元变更为人民币 5,680,592,806.00 元，具体内容详见公司 于 2025 年 4 月 30 日披露 ...

（品种一） （债券简称：22 山证 01，债券代码：149963.SZ， 以下简称"本期债券"）本次兑付的债权登记日及最后交易日为 2025 年 6 月 27 日，债券摘牌日为 2025 年 6 月 30 日（因 2025 年 6 月 28 日为休息日，故顺延至其后第一个交易日）。凡在 2025 年 6 月 27 日 前（含当日）买入本期债券的投资者，根据其在 2025 年 6 月 27 日收 市后中国证券登记结算有限责任公司深圳分公司登记在册的本期债 券数量，享有获得本次派发的利息和本金的权利。 山西证券股份有限公司（以下简称"公司""本公司"）2022 年面向专业投资者公开发行公司债券（第一期）（品种一）经中国证 券监督管理委员会"证监许可〔2022〕1216 号"文注册公开发行。 本期债券将于 2025 年 6 月 30 日（因 2025 年 6 月 28 日为休息日，故 顺延至其后第一个交易日）支付 2024 年 6 月 28 日至 2025 年 6 月 27 日期间的利息及本期债券的本金。根据《山西证券股份有限公司 2022 年面向专业投资者公开发行公司债券（第一期）募集说明书》《山西 证券股份有限 ...

科技创新债券正式推出至今已近2个月，券商、银行、企业、投资机构等各类发行主体掀起发行潮。 其中，既可作为发行主体，又能作为承销机构的证券公司，在科技创新债券发行中的表现尤为值得关 注。 21世纪经济报道记者根据Wind数据梳理发现，2025年5月7日至5月25日期间，超30家券商推出近40只科 技创新债券，总规模超过300亿元。其中，大部分为新获批债券，也有个别券商将此前获批债券变更为 科技创新债券。 利率，是债券发行中最值得关注的要素之一。记者采访与梳理发现，相较于同期其他类型债券，科技创 新债券利率相对更低，有投行资深人士告诉记者，二者差距约为30BP（基点）。 头部券商利率普遍较低，中信证券、中信建投、申万宏源等头部券商科技创新债券发行利率均不足 1.7%。与之相对，中小券商发行利率则普遍在1.9%以上；其中，东北证券发行利率最高为2.29%。 券商为何如此热衷于科技创新债券发行？ 记者综合调研发现，这既与券商响应政策、支持科技企业发展的功能性作用密切相关，又得益于投资者 认购热情踊跃，还与券商的业务结构优化相关联。 与此同时，如何促进科技创新债券这一新类型债券规范发展，也是市场关注的重点之一。而规范资 ...

Core Viewpoint - The 14th China (Guangzhou) International Financial Trading Expo showcases the innovative practices and technological achievements of GF Securities, emphasizing its commitment to green and digital finance [1][2]. Group 1: Company Achievements - GF Securities has participated in the expo for 14 consecutive years, highlighting its status as a leading brokerage firm in Guangdong and the Greater Bay Area [1]. - The company received the "2025 Guangdong Green Finance Reform and Innovation Promotion Case" award for its project on securitizing photovoltaic and wind power assets, which effectively revitalizes existing green assets and lowers financing costs [1]. - GF Securities was recognized as an "Excellent Unit in Digital Finance" by the Guangzhou Digital Finance Association, showcasing its achievements in digital transformation [2]. Group 2: Technological Innovations - The company presented its "AI + Financial Technology" integration, demonstrating its advancements in combining artificial intelligence with financial services [2]. - GF Securities' "Intelligent Public Opinion Risk Control System" based on large language models was awarded as an excellent case in digital financial risk control, reflecting its leadership in utilizing new technologies for business innovation [2]. - The expo featured a performance by a humanoid robot, showcasing the intersection of AI and financial technology, further illustrating the company's innovative approach [2].

Core Viewpoint - The Guangdong Province has launched the 2025 Green Finance Reform and Innovation Promotion Cases, showcasing 50 innovative projects aimed at supporting green low-carbon transformation and sustainable development in various industries [1][2][3]. Group 1: Overview of the Initiative - The initiative was guided by multiple governmental bodies, including the People's Bank of China Guangdong Branch and the Guangdong Provincial Development and Reform Commission, and involved a three-month case collection process [1][4]. - A total of 256 case submissions were received from 21 cities in Guangdong, with 50 cases selected for promotion [1][2]. Group 2: Innovative Practices - The selected cases demonstrate leadership in using financial tools to support green transformation across various sectors, including energy, construction, and biodiversity [2][3]. - Notable innovations include the first green loans for the cement industry and energy efficiency-linked loans for power plants, highlighting Guangdong's pioneering role in green finance [2][3]. Group 3: Standards and Cross-Border Innovations - Guangdong introduced the first financial standards for the ceramic industry, facilitating its low-carbon transition [3]. - The province also achieved a national first with cross-border ESG data transactions, enhancing the flow of green data [3]. Group 4: Multi-Departmental Coordination - The initiative involves diverse stakeholders, including banks, trusts, and green enterprises, with a total of 112 entities participating in the selected cases [4]. - A coordinated mechanism among various government departments is essential for the development of green finance, as highlighted by the recent action plan issued by the People's Bank of China Guangdong Branch [4]. Group 5: Future Directions - The People's Bank of China plans to enhance the replication and promotion of these cases, aiming to establish a "industry + finance" model for green finance in Guangdong [5].

Core Viewpoint - The article highlights the launch of the third ETF live trading competition by Shenwan Hongyuan Securities, aimed at enhancing investors' skills and knowledge in ETF investments amidst favorable market conditions in 2024 [2][5]. Group 1: Event Background - The competition is set against the backdrop of policy benefits in the capital market for 2024, with ETFs being a significant choice for investors due to their risk diversification and other advantages [1][2]. Group 2: Competition Highlights - The competition features five key highlights, including professional ETF services from a well-established brokerage, support for all on-market ETF varieties (excluding money market ETFs), and a dedicated educational platform for investors [5][7]. - Interactive activities are included, allowing participants to earn rewards, with the potential to receive up to 6.66 yuan in red envelopes [8]. - The competition is structured with dual tracks, catering to different investment styles, and includes awards such as the "Biweekly Expert Award" and "Live Trading Winner Award" [8]. Group 3: Educational Support - A one-stop ETF education zone is established to help investors quickly enhance their knowledge, featuring modules like "Market Insights," "Competition Education Videos," and "ETF Financial Classes" [7]. - Professional investment advisors will provide weekly market insights and analysis to support participants in their trading decisions [8].