格隆汇1月14日丨深圳国际(00152.HK)宣布，公司于2026年1月13日完成发行金额为人民币10亿元的2026 年度第一期中期票据，票面利率为1.81%，年期为3年。 ...

（原标题：深圳国际(00152)完成发行10亿元中期票据） 智通财经APP讯，深圳国际(00152)发布公告，公司于2026年1月13日完成发行金额为人民币10亿元的 2026年度第一期中期票据，票面利率为1.81%，年期为3年。 ...

Core Viewpoint - Lixin Development (00488) shares rose over 12%, currently at 0.64 HKD, with a trading volume of 14.7095 million HKD, following the announcement of a sale agreement involving Lixin International (00191) and Lixin Development [1] Group 1: Sale Agreement Details - Lixin International and Lixin Development announced a sale agreement on January 12, 2026, where the seller (an indirect wholly-owned subsidiary of Lixin Development and an indirect non-wholly-owned subsidiary of Lixin Garment) conditionally agreed to sell its limited partnership interests in New Vision Fund, L.P. to the buyer for 14.6354 million USD (approximately 114 million HKD) [1] - The boards of Lixin Garment and Lixin Development believe that the sale provides a good opportunity for Lixin Development Group to exit the related investment, allowing for the realization of investments and strengthening cash flow and liquidity [1] Group 2: Financial Implications - The cash inflow from the sale will enable Lixin Garment Group and Lixin Development Group to reallocate more financial resources for optimizing their capital structure and/or for general corporate purposes, while also enhancing the overall cash flow and financial condition of both Lixin Garment and Lixin Development [1]

Core Viewpoint - The company is actively communicating with professional advisors to evaluate and explore various options for developing a feasible resumption proposal in compliance with resumption guidelines [1] Group 1: Business Developments - The company has opened two Chinese restaurants in Hong Kong by the end of 2025, which are expected to provide stable revenue and profit in the future [1] - The company will continue to explore more business opportunities to expand its revenue sources [1] Group 2: Financial Reporting - The company is closely working with its auditor, Beijing Xinghua Dingfeng Accounting Firm, to conduct the financial statement audit for the year ending August 31, 2025 [1] - The expected performance announcement will be published in mid to late April 2026, and the company will release the information as soon as the financial statements are ready [1] Group 3: Stock Status - The company's shares remain suspended from trading [1]

Core Viewpoint - The article discusses a significant debt dispute involving over 10 billion yuan in the bankruptcy restructuring case of Chongqing Caixin Enterprise Group Co., Ltd. (Caixin Group), highlighting concerns over the legitimacy of certain creditor claims and the potential impact on the restructuring process [3][4][7]. Debt Dispute Background - The debt dispute arose after Caixin Group was ordered to undergo bankruptcy restructuring in April 2025, with creditors claiming over 100 billion yuan in debts during the claims submission period [3][6]. - Investigations revealed that many of the companies submitting claims had connections to Caixin Group, raising questions about the authenticity of these claims [3][11]. Creditor Claims and Concerns - The total amount of claims submitted by creditors reached 453.91 billion yuan, significantly exceeding initial market estimates of 260-265 billion yuan [8][9]. - A substantial portion of these claims, approximately 178 billion yuan, was flagged as suspicious by various creditors due to the close ties between the claimants and Caixin Group [9][19]. Impact on Restructuring Process - The restructuring process has stalled due to the ongoing disputes over the legitimacy of the claims, with the creditor voting deadline extended to January 9, 2026 [7][22]. - Concerns have been raised that if the disputed claims are confirmed, they could severely limit the available resources for debt repayment to other creditors [4][23]. Audit and Evaluation Findings - The auditing and evaluation firms involved in the restructuring have expressed doubts about the validity of the claims, noting that many were supported only by bank receipts without substantial evidence [18][19]. - The evaluation report indicated that the financial data related to these claims is questionable, making it difficult to assess their recoverability [19]. Legal and Procedural Implications - Legal experts suggest that if the claims are found to be interrelated, they should be subject to mutual offsetting, which has not been applied in this case, potentially complicating the restructuring process further [19][24]. - The article notes that multiple creditors have raised formal objections to the restructuring plan, indicating a potential for further delays or complications in the process [23][24].

Group 1 - The company, Zhonglian Development Holdings (00264), announced a placement agreement with a placement agent to issue up to 20 million shares at a price of HKD 2.16 per share, conditional on the agreement with at least six independent third-party subscribers [1] - The maximum number of shares to be placed represents approximately 4.33% of the company's existing issued share capital of 462 million shares as of the announcement date [1] - The placement price of HKD 2.16 per share reflects a discount of approximately 14.96% compared to the closing price of HKD 2.540 on January 6, 2026 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 43.2 million, with a net amount of about HKD 42.06 million after deducting placement commissions [2] - The net proceeds will be used to enhance the company's financial position and general working capital, with allocations including approximately HKD 18 million for materials and equipment related to leather manufacturing and clean services, HKD 14.06 million for general operational expenses, and HKD 10 million for repaying outstanding debts [2]

Core Insights - The article discusses the wealth comparison between Li Ka-shing and other billionaires, emphasizing that Li's true net worth may be significantly underestimated due to the valuation methods used for private and unlisted assets [1][4] - It highlights Li Ka-shing's philanthropic efforts, noting that he donated one-third of his wealth to the Li Ka-shing Foundation, which was valued at approximately $130 billion at the time of donation [3] - The article also points out the undervaluation of Li's holdings in his companies, Cheung Kong and CK Hutchison, due to their market capitalization being significantly lower than their net asset values [4][6] Company Valuation - Li Ka-shing's holdings in Cheung Kong and CK Hutchison are approximately valued at $1.5 trillion based on current market prices, but their net asset values suggest a much higher worth of around $2.7 trillion [4][6] - The article mentions that Cheung Kong's market capitalization is $211.8 billion while its net asset value is $670 billion, indicating a severe undervaluation [4] - CK Hutchison's market capitalization is $140.8 billion with a net asset value of $395 billion, also reflecting a significant discrepancy [4] Investment Portfolio - Li Ka-shing's private investment fund, Horizons Ventures, has invested in over 100 technology companies, including Meta and Zoom, showcasing his strategic focus on high-growth sectors [6][9] - The article details Li's early investment in Facebook, where he invested $600 million for a 0.8% stake, later increasing his investment to $4.5 billion for approximately 3% ownership, which has yielded substantial returns [7][9] - Li's investment in Zoom also proved lucrative, with his stake peaking at nearly $10 billion during the company's market highs [9] Cash Flow and Asset Distribution - Following the family split in 2015, Li Ka-shing allocated approximately $300 billion in cash assets to his younger son, while distributing fixed assets of similar value to his elder son, indicating the scale of his wealth [9] - The article emphasizes that despite controversies in his business dealings, Li's ability to generate wealth remains unparalleled [9]

Core Insights - The total carbon emissions of the top 100 listed companies in China for 2024 are projected to be 5.134 billion tons, a decrease of 2.7 million tons compared to 2023, indicating a potential peak in emissions [1][6][11] - The disclosure rate of carbon emissions among these companies has increased from 43% in 2021 to an expected 80% by 2025, reflecting a growing awareness and commitment to carbon reduction [1][5][23] Group 1: Carbon Emissions Overview - The carbon emissions of the top 100 listed companies in 2024 are 5.134 billion tons, which is a 0.52% decrease from 5.161 billion tons in 2023 [6][11] - The top ten companies account for approximately 38% of the total emissions, highlighting the concentration of emissions among a few major players [2][6] - The threshold for inclusion in the carbon emissions ranking has decreased to 10.3128 million tons in 2024, down from 11.5329 million tons in 2023, indicating a reduction in emissions intensity among leading high-carbon companies [6][11] Group 2: Industry Emission Trends - The power industry remains the largest contributor to carbon emissions, accounting for approximately 2.29 billion tons in 2024, maintaining a significant share of the total emissions [15] - The cement industry follows with emissions of about 770 million tons, continuing a downward trend for four consecutive years [15] - The steel industry has seen a notable decrease in emissions, returning to levels close to those of 2022, with emissions around 580 million tons [15][18] Group 3: Carbon Efficiency Metrics - The average carbon efficiency of the top 100 companies in 2024 is 0.399 million yuan per ton, remaining stable compared to 0.40 million yuan per ton in 2023 [20][21] - The carbon efficiency has improved by 10.83% from 2021 to 2024, indicating a positive trend in decoupling economic output from carbon emissions [20] - Seven industries have shown improvements in carbon efficiency, with the chemical industry achieving the most significant increase, reaching 0.39 million yuan per ton, the highest in three years [20][21] Group 4: Disclosure and Transparency - In 2024, 80 companies disclosed their carbon emissions data, an increase from 65 in 2023, achieving the highest disclosure rate in four years [23] - The disclosure rate for the power industry is 77.42%, while the cement industry leads with 85.71%, consistently above the average [26] - A-share companies have seen a significant rise in disclosure rates, from 16.67% in 2021 to 70.97% in 2024, indicating improved transparency in carbon reporting [26][27]

Core Viewpoint - The company proposes a rights issue of 5.09 million shares at a subscription price of HKD 0.102 per share, aiming to raise approximately HKD 51.93 million, assuming full subscription and no change in the number of shares issued [1] Group 1: Rights Issue Details - The rights issue is based on a ratio of 5 shares for every 2 shares held as of the record date [1] - The net proceeds from the rights issue are expected to be approximately HKD 49.24 million after deducting all related expenses [1] - The net price per rights share, after deducting related expenses, is estimated to be around HKD 0.0967, assuming full subscription and no change in the number of shares issued [1] Group 2: Use of Proceeds - Approximately 70% (around HKD 34.47 million) of the net proceeds is intended for investment in listed and unlisted securities, particularly in sectors such as artificial intelligence, digital assets, and/or renewable energy [1] - The remaining 30% (approximately HKD 14.77 million) will be allocated for general working capital, including employee costs, professional fees, administrative expenses, and other operating costs [1]

Group 1 - The event "Deep Xinjiang Together: Basketball Passion" organized by the China Merchants Charity Foundation successfully concluded, showcasing a cultural exchange through sports between teams from Xinjiang and China Merchants Group [1][3] - The event featured four teams, including the "Dream of Leaf Basketball Team" from Xinjiang and three teams from China Merchants Group, emphasizing teamwork and cultural integration [3][6] - The event was part of the "Cultural Enrichment of Xinjiang" initiative, reflecting the new era's strategy for Xinjiang's development [1][7] Group 2 - Unique awards were established to recognize different aspects of team spirit, including the "National Unity Pioneer Award" and the "Cultural Enrichment Dream Award," highlighting the event's diverse values [5][6] - The event included cultural visits and exchanges, allowing participants to experience the achievements of China's reform and opening up, reinforcing the educational aspect of the initiative [6][7] - China Merchants Group has been actively involved in Xinjiang's development through various forms of support, including industrial investment and educational assistance, demonstrating its commitment to social responsibility [7][8]