（原标题："锣不够用了"！港股IPO火爆，GP收益显著回升，有机构大赚26倍！） "锣不够用了"！如此形容2025年的港交所一点也不为过。 6月26日，港交所迎来了3家公司集体鸣锣——周六福、圣贝拉、颖通控股。这般热闹的场景在今年的港交所频繁上演。就在6月10日，容大科技、 新琪安和MetaLight这3家公司也同日登陆港股市场。 在近期举办的2025陆家嘴金融论坛上，港交所行政总裁陈翊庭表示，当前港股IPO排队企业超160家，仅5月就有40多家企业递表。火热的港股背 后，是一群GP的狂欢。 据执中ZERONE统计，2025年以来，赴港上市企业的创投机构渗透率高达75%，与去年同期相比高出约2%。"相比去年，我们所投资的企业今年 去港股上市的积极性和热情更高了。"深圳一家VC机构负责人对记者表示。 市场风向转变 赴港IPO成佳选 今年港股IPO市场火热有目共睹。6月12日，安永发布2025年上半年《中国内地和香港IPO市场》报告（以下简称"报告"）。报告显示，2025年上 半年，港交所预计约有40家公司首发上市，筹资额约140亿美元（约合1087亿港元），筹资额占全球总筹资额的24%，排在全球首位。 然而，在 ...

金石资本集团公告，截至2025年3月31日止年度，公司经审核业绩如下：净投资收益6.3万港元，其他收 入5000港元，一般及行政开支617万港元，经营亏损610.2万港元，财务成本1.1万港元，除税前亏损 611.3万港元。本年度亏损及全面开支总额611.3万港元，每股基本亏损0.03港元。财务状况表显示，流 动资产总值1253.7万港元，流动负债总值575.2万港元，流动资产净值及资产净值678.5万港元。董事不 建议派付任何股息。 ...

长江商报奔腾新闻记者 徐佳 在聚焦主业战略下，雅戈尔（600177）（600177.SH）大手笔抛售金融资产。 6月24日盘后，雅戈尔披露金融资产出售情况。截至2025年6月23日，公司出售中信股份、中信银行、博 迁新材（605376）、上美股份等金融资产，连续十二个月内累计成交金额为41.75亿元，达到2024年末 经审计净资产的10.13%（以审计数据为准），已达到信息披露标准。 事实上，投资收益一直是雅戈尔业绩中的重要组成部分。 同花顺（300033）数据显示，2024年，雅戈尔实现营业收入141.88亿元，同比增长3.19%；归属于上市 公司股东的净利润（净利润，下同）27.67亿元，同比减少19.41%；扣除非经常性损益后的净利润（扣 非净利润，下同）27.03亿元，同比减少15.13%。 自2021年以来，雅戈尔已连续四年净利润下降，且扣非净利润也连续两年负增长。对于业绩再次下降， 雅戈尔解释称主要是由于产业布局调整叠加消费需求疲软等因素。 长江商报奔腾新闻记者注意到，由于减持或退出三亚长浙等财务投资项目，2024年雅戈尔收回现金 17.96亿元，投资业务全年实现净利润22.09亿元，同比增长5. ...

Group 1 - The Central Bank of Taiwan has requested foreign investors to withdraw speculative bets on the New Taiwan Dollar (TWD) through ETFs, indicating a crackdown on such activities [1] - The strategy employed by foreign investors involves buying both Taiwanese stock ETFs and inverse ETFs, which allows them to profit from market declines while betting on the appreciation of the TWD [1][2] - The holdings of foreign investors in Taiwan's largest inverse stock ETF have surged to 914.7 million shares, an increase of over 90 times since the beginning of the year [2] Group 2 - The TWD has appreciated by 12% against the US dollar this year, with a significant single-day increase recorded last month, the largest since 1980, posing risks to the export-oriented economy [2] - A regulatory framework exists to limit speculative behavior by foreign investors, requiring that their holdings in any single inverse ETF remain below 30% to prevent currency manipulation [5] - The Central Bank can influence onshore banks through "window guidance," but has limited direct control over offshore investors [5]

"超前谋划储备、紧锣密鼓对接" AIC作为"国家队"耐心资本，能够有效解决产业发展中"缺长钱"和"无米下锅"的问题，通过引导金融资 本流向科技企业，为技术创新、传统产业升级、新产业培育提供稳定的资本支持，推动全市产业结构优 化升级。作为全国首个科创金融改革试验区，济南市科创环境优、资产质量佳、创投发展配套要素齐 全。 济南市深入贯彻落实上级部门决策部署，将AIC股权投资试点作为全市金融改革创新的重要突破口，积 极推动基金组建方加快基金组建流程，引导AIC基金聚焦战略性新兴产业、关键核心技术等重点领域， 加强项目储备和培育，确保试点基金落地、落实。 省、市、区三级联动，打造高效联动新样板 自2024年9月获批试点城市以来，济南市搭建了AIC基金"银政企"对接协调机制，定期组织专题座谈 会，协调省、市、区三级国有企业积极参与基金组建，一对一撮合基金出资意向、出资比例，解决基金 组建、项目投资中的困难问题，加快推动试点基金落地。2024年10月25日，五大AIC与济南市正式签 约，5只合作基金首期规模50亿元。经多方协作推动，2024年12月30日，中银AIC在济南起步区注册成 立，成为我市乃至全省首只AIC股权投 ...

Core Viewpoint - The company, Youngor, is strategically divesting financial assets to refocus on its core apparel business, which has faced declining performance in recent years [1][2]. Group 1: Financial Asset Sales - Youngor has sold financial assets including shares in CITIC Securities and CITIC Bank, totaling 4.175 billion yuan, which represents 10.13% of its audited net assets as of the end of 2024 [1]. - The company has a history of profitable divestitures, with significant gains from selling shares in CITIC Securities and other financial entities between 2007 and 2021, contributing to a substantial portion of its net profit [1]. Group 2: Return to Apparel Business - In late 2023, Youngor officially announced its return to the apparel sector, changing its name from Youngor Group to Youngor Fashion, and focusing on the fashion industry [2]. - The company has made several acquisitions to expand its fashion segment, including a 40% stake in the American brand UNDEFEATED and a full acquisition of Intime Retail for 7.4 billion yuan [2]. Group 3: Performance Challenges - Youngor's apparel business has struggled, with a reported revenue of 27.67 billion yuan in 2024, down over 4 billion yuan compared to 2020, marking four consecutive years of decline [2]. - In Q1 2025, the company reported a revenue of 2.79 billion yuan, a 15.6% decrease year-on-year, and a net profit of 803 million yuan, down 13.3% [3]. - The fashion segment showed slight growth in Q1 2025, with revenue increasing by 8.27% to 1.998 billion yuan, but net profit decreased by 32.7% [3].

Core Viewpoint - The company is undergoing a significant strategic transformation by divesting financial assets to focus on its core fashion business, which has been underperforming recently [1][7]. Financial Asset Divestiture - The company announced the sale of financial assets, including shares in CITIC Securities and CITIC Bank, totaling approximately 4.175 billion yuan, which accounts for 10.13% of its net assets as of the end of 2024 [3][6]. - The divestiture is part of a broader strategy to optimize its investment structure and gradually exit financial investments, as authorized by the shareholders' meeting [7][8]. Performance of Core Business - The company's apparel business saw a net profit decline of 43.9% in 2024, with significant drops in sales of key products such as shirts and suits, down 14.69% and 18.27% respectively [1][11]. - The real estate segment also faced challenges, with pre-sale revenue plummeting by 69.03% [1][12]. Investment in Fashion Industry - The company has made substantial investments in the fashion sector, spending over 9 billion yuan in six months, including a 7.4 billion yuan acquisition of Intime Retail and a 1.53 billion yuan purchase of the French luxury children's brand Bonpoint [1][7]. - The fashion portfolio now includes various brands across different segments, indicating a strategic pivot towards fashion [7]. Financial Health and Future Outlook - Despite the divestiture, the company still has potential for further sales of financial assets, with an estimated remaining capacity of around 4.6 billion yuan based on its financial structure [8]. - The company's net profit has been on a downward trend, dropping from 7.236 billion yuan in 2020 to 2.767 billion yuan in 2024, indicating ongoing financial challenges [11].

此项调查于中国内地、香港、中国台湾省、新加坡、日本和澳洲等六个亚太区市场进行，旨在了解区内 投资者的投资行为及意向。 亚太区投资者于未来12个月投资的行业及市场意向颇为一致，信息科技行业为投资首选，市场则以各本 地股市为首选，64%香港投资者有意投资内地和香港市场、其次为美国(31%)及环球市场(17%)。 至于投资期望，亚太区投资者预期未来12个月投资回报平均为6.5%，为年初至今市场回报率(3.2%)的两 倍多。鉴于香港和中国台湾省的投资者对股市前景乐观的比例较低，预期未来12个月的投资回报分别高 达7.1%和7.2%，似乎不太符合现实。 区内43%受访者表示，年初至今有增加储蓄，尤其是在澳洲和中国内地的投资者。区内39%受访者今年 有增加投资。股票(67%)仍是最受亚太区投资者欢迎的金融产品，其次为定期存款(60%)和保险(57%)。 2025年以来亚太区投资者的平均投资回报为3.2%，其中新加坡、中国内地及澳洲投资者期内投资回报 分别为3.4%、4.3%及5.8%，均高于区内平均水平。香港投资者平均回报率则为2.4%。 调查显示，23%亚太区投资者年初至今已减少美股配置，另有23%透露曾借市况调整增配 ...

Core Viewpoint - The company has authorized its management to dispose of financial assets based on market conditions, with a focus on adjusting its investment structure, following the approval at the 2024 annual shareholders' meeting [1] Group 1: Financial Asset Disposal - The company sold financial assets including CITIC shares, CITIC Bank, Boqian New Materials, and Shangmei Shares, with the cumulative transaction amount exceeding the disclosure threshold of 10% of the latest audited net assets and absolute amount over 10 million [1] - The authorization for management to handle these disposals is valid from the date of the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [1] Group 2: Financial Reporting Standards - The company has been implementing the new financial instrument standards since January 1, 2019, categorizing CITIC shares and other financial assets as "measured at fair value with changes recognized in other comprehensive income," meaning their value fluctuations do not impact current profit and loss [2] - Only dividend income from these financial assets can affect current investment income and thus current profit and loss [2]

金十数据6月22日讯，资产管理公司瀚亚投资经理Rong Ren Goh表示："美国轰炸伊朗核设施标志着以伊 冲突显著升级，并引入了地缘政治风险的新阶段，美国的直接介入可能会延长该地区的紧张局势。对亚 洲市场而言，主要脆弱性在于其对能源价格上涨的敏感性。一场长期冲突会增加供应中断的风险，这可 能加剧通胀压力，并拖累整个地区的增长预期。随着迅速解决冲突的前景现在变得渺茫，投资者可能会 对整个市场的风险进行重新定价。我预计会出现避险资金流入，随着市场评估持续地缘政治不稳定和高 油价的潜在影响，美元将受到追捧，亚洲风险资产普遍走弱。" 分析师：中东冲突将使亚洲风险资产普遍走弱 ...