智通财经5月12日电，中顺证券期货因保证金贷款手法方面的缺失遭香港证监会罚款200万元。 ...

中顺证券期货因保证金贷款手法方面的缺失遭香港证监会罚款200万元。 ...

- 中顺已采取补救措施，并改善其保证金贷款操作； - 中顺及沈在解决香港证监会提出的问题方面表现合作； 香港证监会在决定对中顺及沈采取上述纪律处分时，已考虑到所有相关情况，包括： - 中顺及沈曾在2021年因中顺在处理现金存款及第三方资金转账时未遵守有关打击洗钱及恐怖分子资金 筹集的监管规定而被香港证监会处分； - 沈在2009年担任另一家公司的负责人员兼高级管理人员时，因未适当并密切监察客户的交易活动而另 遭香港证监会处分； 5月12日，香港证券及期货事务监察委员会对中顺证券期货有限公司(中顺)作出谴责并处以200万港元罚 款，原因是该公司在保证金贷款政策及操作方面存在缺失。香港证监会还暂时吊销了中顺负责人员兼核 心职能主管沈振伟(男)的牌照，为期五个月零两周，从2025年5月8日起至2025年10月22日止。 香港证监会经调查发现，在2017年12月1日至2019年9月30日期间，中顺未充分记录其保证金贷款政策， 也未严格执行某项规定——在确定客户的信贷上限时须以证明其收入净额或资产净值的客观凭证作为参 考。该公司也未规定管理层在豁免遵守保证金贷款政策时须附以书面解释。上述中顺的缺失构成了违反 《操守准则 ...

gtaxinstitute@essence.com.cn 综合晨报 2025年05月12日 近期氧化铝检修压产产能不断上升,产蛋阶段性降低,行业库存转降,不过一旦利润修复产能依然 会大规模复产,且山东和河北新产能将逐渐有成品产出。成本端几内亚铝土矿成交价已从年初110美 元降至75美元，对应氧化铝平均成本降至2900元附近。本周氧化铝现货成交略有上升,短期盘面反 弹高度将受到过剩前景和成本坍塌限制,期货升水时考虑逢高偏空参与。 上周国际油价低位反弹,布伦特07合约上涨3.95%。继美英达成贸易协议后,周末中美高层绕贸会 谈在瑞士取得实质性进展及重要关识,双方同意建立中美经贸挫伤机制开展进一步磋商,贸易战风 脸的阶段性缓和带动油价向上修复,同时二季度以来全球石油累阵速度放缓。同时值得注意的是. 周日美伊核会谈同样进展积极,俄乌和谈亦在推进之中,全球地缘风险的绘和降低原油制裁及断供 风险,后续上涨空间取决于贸易战实质性缓和的进展。 【贵金属】 周五贵金属震荡,波动有限。上周美联储会议鲍威尔重申需等待更多经济数据指导决策,本周重点 关注美国CP1、PPI和零售数据。近期贸易谈判和地练纷争交织,印巴达成停火,关英达成 ...

双降落地资产反映相对平淡，4月外贸转口补充对美出口 ——资金面推动债券预期较强，盯住资金面同时关注债市扰动 2025 - 5 - 1 1 中泰期货研究所宏观团队 李荣凯 从业资格号：F3012937 交易咨询从业证书号： Z0015266 TEL：13361063969 01 逻辑与策略（P3-4） 目 录 CONTENTS 02 宏观主要资产资金流向变化（P5-6） 03 近期宏观数据分析与回顾（P7-13） 04 资金面分析与债券期现指标监控（P14-24） 05 权益宽基指数基本面、流动性与期现指标监控（P25-29） 06 宏观经济中期基本面跟踪监控（P30-46） 07 宏观经济长波基本面跟踪监控（P47-48） | 日期 | 10年中债 | | 10年美债 | | 美元指数 | | 人民币 | | 标普500 | 上证指数 | 中证商品 | 原油 | | 黄金 | 铜 | 集运欧线 | 螺纹 | 豆粕 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Viewpoint - The event aims to enhance investor education and protection, particularly for small and medium investors, amidst a complex capital market environment [1][3]. Group 1: Event Overview - A large-scale promotional event titled "Check-in Financial Island Investment Education 'Yu' See You" will take place in Zhengzhou, focusing on investor education and risk awareness [1][2]. - The event will feature two main lectures: one on the theme of futures serving the real economy and another on safeguarding investor rights through risk warning education [1][2]. Group 2: Interactive Activities - The event will include a light show at landmark buildings in Zhengzhou, artistic performances, and financial knowledge quizzes, with over 30 financial institutions setting up booths for direct interaction with investors [2]. - The innovative, interactive format aims to widely disseminate knowledge about financial investments, helping investors understand the characteristics and risks of various investment products [2][3]. Group 3: Regulatory and Educational Efforts - The Henan Securities Regulatory Bureau has been actively working on investor protection, integrating investor education into the national education system, and promoting a series of brand activities that combine investment education with cultural tourism [3]. - The regulatory body emphasizes the importance of building a fair and transparent investment environment, enhancing investors' self-protection capabilities, and fostering a stable financial market [3].

证监会：现公布《证券期货业统计指标标准指引（2025年修订）》，自2026年1月1日起施行。 ...

中国证券监督管理委员会公告 〔2025〕9号 现公布《证券期货业统计指标标准指引（2025年修订）》，自2026年1月1日起施 行。 中国证监会 2025年4月23日 【第9号公告】《证券期货业统计指标标准指引（2025年修订）》 全文可点击 "阅读原文" 。 ...

Market Review - The closing prices of the Shanghai 50, CSI 300, and CSI 1000 were 2645.5122, 3775.0767, and 5903.3812 respectively, with changes of -0.22%, -0.17%, and 0.45% [4]. - The trading volumes of the Shanghai 50, CSI 300, and CSI 1000 were 28.04 billion, 111.51 billion, and 186.02 billion respectively, and the trading turnovers were 538.94 billion yuan, 1974.63 billion yuan, and 2194.12 billion yuan respectively [4]. - In the previous trading day, the Shanghai Composite Index closed down 0.05% at 3286.65 points, the Shenzhen Component Index fell 0.05%, the ChiNext Index fell 0.13%, the Beijing Stock Exchange 50 rose 1.24%, the Science and Technology Innovation 50 rose 0.1%, and the CSI A500 fell 0.01%. The A - share trading volume was 1.04 trillion yuan, compared with 1.08 trillion yuan the previous day [8][11]. CFFEX Stock Index Option Trading Situation - For the Shanghai 50 index options, the trading volume of call options was 0.74 million contracts, put options was 0.62 million contracts, with a PCR of 0.83. The open interest was 6.05 million contracts, with call option open interest of 3.68 million contracts, put option open interest of 2.37 million contracts, and a PCR of 0.64 [4]. - For the CSI 300 index options, the trading volume of call options was 2.18 million contracts, put options was 1.52 million contracts, with a PCR of 0.69. The open interest was 17.52 million contracts, with call option open interest of 10.30 million contracts, put option open interest of 7.22 million contracts, and a PCR of 0.70 [4]. - For the CSI 1000 index options, the trading volume of call options was 6.99 million contracts, put options was 6.38 million contracts, with a PCR of 0.91. The open interest was 23.31 million contracts, with call option open interest of 13.28 million contracts, put option open interest of 10.03 million contracts, and a PCR of 0.75 [4]. Volatility Analysis - The report presents historical volatility chains, including maximum, minimum, and various percentile values, as well as current values for the Shanghai 50, CSI 300, and CSI 1000. It also shows next - month at - the - money implied volatility and volatility smile curves for these indices [8][10].

Group 1 - The core point of the article highlights that in March 2025, the number of private asset management products registered by securities and futures institutions reached 1,463, representing a year-on-year increase of 94.03% and a month-on-month increase of 76.69% [1] - The total establishment scale of these products was 68.82 billion yuan, which is a month-on-month increase of 50.51% and a year-on-year increase of 28.82% [1] - As of the end of March 2025, the total scale of private asset management products by securities and futures institutions amounted to 11.84 trillion yuan, showing a decrease of 338.15 billion yuan from the previous month, which is a month-on-month decline of 2.77% [1]