*排名不分先后 在故鼎新 G 毛플 草越执业英才 ○ 全景投 教 塾 地 2025年度资本市场卓越执业英才盛典 度卓越承销商 9兴业证券 友证券 国泰海通证券 卓越执业英才 ○ 全 景 投 教 基 地 ● 手言 2025年度资本市场卓越执业英才盛典 22 程师 返公计师 (૬૮૮૮૮ "2025年度资本市场卓越执业英才"盛典12月18日在苏州隆重举行，"2025年度资本市场卓越执业英才"(完整)名单于本次盛典上揭晓。本次名单涵盖常年陪 伴、创新赋能、并购整合、融资开拓、IPO护航、领袖引领等多个领域，构成一幅中国资本市场专业服务的群英画卷。 "资本市场卓越中介服务"名单包含年度卓越债券承揽人、年度卓越承销商、年度卓越律师、年度卓越会计师、以及年度卓越保荐代表人。 KKKK 1453 ({{{{ (૬૮૮૮૮૮ ( ( ( ( ) ( ( ( ) ( ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ) ( ( ) ( ( ) ( ( ) ( ( ) ( ( ) ( ( ) ( ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) emphasizes the importance of "market narrative" in shaping investor confidence and market ecology, highlighting the need for collaboration among regulatory bodies, listed companies, intermediaries, and investors to create a healthy capital market environment [1][5]. Group 1: Regulatory Narrative - Regulatory bodies must focus on "regulatory narrative" by combating financial fraud, insider trading, and market manipulation to maintain the authenticity of market narratives and uphold market order [1][5]. Group 2: Company Narrative - Listed companies should establish a "company fundamentals narrative" rooted in solid operational performance, clear development strategies, and ethical governance, ensuring that their narratives are supported by sustainable returns and visible growth prospects [2][6]. - The true value of a company must be demonstrated through actions rather than mere words, as narratives lacking real value will ultimately be discarded by the market [2][6]. Group 3: Intermediary Narrative - Intermediary institutions, such as securities firms and accounting firms, play a crucial role in connecting companies with the market and must maintain high professional standards and ethical practices to ensure the quality of narratives [2][6]. - Underwriters must diligently ensure the authenticity of submitted materials, while auditing firms must uphold independence to provide reliable backing for financial statements [2][6]. Group 4: Investor Narrative - Investors need to enhance their ability to discern various narratives, as they are both recipients of market narratives and influencers of narrative direction through collective behavior [2][6]. - Improving financial literacy and understanding market risks are essential for investors to identify the authenticity of narratives and resist misleading stories [2][6]. Group 5: Media Role - Media serves as a "communication hub" for various narratives, and the dissemination of authoritative, accurate, and objective market narratives can significantly reduce the prevalence of false information in the market [3][7]. - A healthy and clear market narrative ecosystem is vital for enhancing the inherent stability and attractiveness of the capital market, requiring all parties to work together rather than focusing solely on individual interests [3][7].

Job Market Insights - The upcoming job reports for October and November are expected to be relatively sluggish, with no significant surprises anticipated [4] - Current data indicates a cooling labor market, although it has leveled off somewhat [4] Wage Trends - The labor market is currently characterized as an employer market, leading to limited wage growth due to excess labor supply [5][6] - Certain sectors, such as healthcare, may still experience competitive wage growth, but overall wage increases are not expected to rise significantly as long as the labor market remains sluggish [6] Impact of AI on Employment - AI is influencing certain sectors, particularly technology, marketing, and accounting, but its current impact may be more about anticipation rather than actual productivity gains [7][9] - Companies are heavily investing in AI, which may be causing them to hold off on hiring, as they await the anticipated benefits of these technologies [7][9] - There are indications that some companies are not seeing the expected productivity gains from their AI investments, raising questions about future hiring needs [9]

中经记者 杜丽娟 北京报道 （编辑：朱会珊 审核：朱紫云 校对：颜京宁） 依托"All in AI"战略，安永推出基于EY METIS平台的安永智能问答及智能风控平台"玄策"等AI工具， 将AI技术深度应用于风险管控与ESG治理，提升决策效率与透明度。 安永中国主席、大中华区首席执行官陈凯表示，安永大中华区已连续五年发布ESG报告，体现了安永积 极响应国家"双碳"目标和高质量发展战略的实践与探索。在全球可持续发展愿景和中国高质量发展交织 并行中，安永以"All in"的之志融入国家发展大局，以专业力量服务高水平对外开放，与时代同频，与 改革共振。 随着全球ESG发展进入标准趋同、监管强化与价值融合的新时期，中国在推动可持续金融、应对气候变 化等领域展现出积极行动力与国际影响力。 《安永大中华区2025财年环境、社会和治理报告》指出，2025财年，安永近期以"All in"战略推动业务 深度脱碳，远期通过自然友好实践，力争在2050年或更早实现净零排放。通过购买国际自愿碳标准项目 （VCS）及绿色电力证书，成功实现运营层面碳中和。 ...

Core Insights - The report highlights the evolving landscape of ESG development globally, characterized by standardization, enhanced regulation, and value integration [1] - Ernst & Young (EY) has been actively supporting Chinese enterprises in their international expansion, executing over 100,000 overseas service projects in the past three years [1] Group 1: ESG Development and Regulatory Framework - The ESG regulatory framework in China is continuously improving, with the China Securities Regulatory Commission guiding major stock exchanges to release sustainability reporting guidelines [1] - The Ministry of Finance and other departments have jointly issued the "Basic Standards for Corporate Sustainability Disclosure (Trial)" to enhance the ESG information disclosure system [1] Group 2: EY's Commitment and Achievements - EY Greater China has published its ESG report for five consecutive years, reflecting its commitment to the national "dual carbon" goals and high-quality development strategy [1] - The company aims to deepen its ESG practices and collaborate with employees, partners, and society to promote harmony between humanity and nature [1] Group 3: Social Impact and Carbon Neutrality - EY's social impact initiatives include the "EY Entrepreneur Of The Year" award and the EY Ripples global philanthropy program, which has reached over 11.5 million people since its launch in 2019 [2] - In the fiscal year 2025, EY Greater China achieved carbon neutrality in its operations through the purchase of international voluntary carbon standard projects and green power certificates [2]

Core Insights - Ernst & Young Greater China has released its fifth consecutive ESG report for the fiscal year 2025, highlighting its commitment to environmental, social, and governance standards [1] Group 1: Innovations in the ESG Report - The report introduces three major innovations: 1. Operational carbon neutrality achieved through the purchase of Verified Carbon Standard (VCS) projects and green power certificates [1] 2. Detailed ESG topics with 48 issues and 237 indicators, reflecting advanced application of ESG standards in line with the latest regulatory requirements [1] 3. Comprehensive use of AI in the report preparation process, including intelligent analysis of data collected from the ESG reporting management system and the generation of images and videos [1] Group 2: Future Commitment - Ernst & Young aims to enhance its professional capabilities in technology innovation, green transformation, and talent development, providing targeted ESG solutions to support high-quality national development [1]

Core Viewpoint - The company, Qiuguan Cable, announced the appointment of Lixin Certified Public Accountants (Special General Partnership) as the auditing firm for the fiscal year 2025 [2] Group 1 - The company plans to enhance its financial oversight by hiring a reputable auditing firm [2] - The decision reflects the company's commitment to transparency and accountability in its financial reporting [2]

中经记者 孙汝祥 夏欣 北京报道 证监会日前公布的《关于修改〈证券期货行政执法当事人承诺制度实施规定〉的决定（征求意见稿）》 （以下简称"《征求意见稿》"），正在向社会公开征求意见。 本次修改主要包括明确不予受理情形、完善办理程序、加强对当事人的诚信约束三方面。 接受《中国经营报》记者采访的专家认为，本次修改能够有效增加当事人承诺制度的透明度和合规性， 增加制度的市场认可度。 专家同时表示，该项制度兼具救济、惩戒、威慑、教育等多重功能，是一个相对多赢的机制。但在实践 中，落地案例偏少，因此可适当增加制度的适用范围。同时，在细则明确、透明度提升等方面，也有进 一步优化空间。 三方面修改 11月28日，证监会公布《征求意见稿》，向社会公开征求意见，意见反馈截止时间为12月28日。 证监会表示，为更好引导符合受理条件和制度目标的案源适用行政执法当事人承诺制度，有必要进一步 完善受理条件。此外，经过近年的实践，证监会形成了进一步优化办理程序的经验，需通过此次修改予 以明确。 本次修改主要包括明确不予受理情形、完善办理程序、加强对当事人的诚信约束三方面。 《征求意见稿》规定，有下列情形之一的，证监会对适用行政执法当事人 ...

Core Insights - The article highlights the importance of overseas listings for companies in Xiamen, emphasizing it as a crucial path for expanding financing channels and enhancing brand value [1][9] - Ernst & Young (EY) participated in a practical training session focused on overseas listings, sharing insights on the listing rules and capital market dynamics in the U.S. and Hong Kong [1][4] Group 1: Event Overview - The training event was organized by the Finance Bureau of Jimei District, Xiamen, and aimed to assist local companies in understanding the latest trends in overseas listings [1] - Over 40 representatives from potential listed companies and key projects in Jimei District attended the training to discuss leveraging overseas capital markets for high-quality development [9] Group 2: Expert Contributions - EY partners provided detailed analyses of the IPO mechanisms and processes in the Hong Kong market, focusing on financial preparations for companies [1][4] - Insights were also shared regarding the U.S. capital market, including regulations, financial standards, and disclosure requirements, to help companies plan their U.S. listing strategies [4][6] - Tax considerations and the establishment of compliant information systems were discussed to assist companies in managing tax risks during the overseas listing process [6]

Core Insights - BDO UK reported annual revenue of £1bn ($1.3bn) for the year ending 4 July 2025, unchanged from the previous year, while operating profit decreased by 7.5% to £210m [1] - The firm faced challenges due to global political and economic factors but continued to invest in staff development, technology, and infrastructure [1][6] - A merger with BDO Ireland is expected to create a combined entity with revenues near £1.1bn and approximately 8,500 employees, enhancing BDO's position in the market [7] Financial Performance - Revenue in Tax increased by 3.4%, and CR&O rose by 5.4%, while Audit revenue fell by 3.7% and Deals declined by 4% [2] - Profit per equity partner decreased to £589k from £681k in the previous year [1] Workforce Development - BDO UK recruited 690 trainees during the financial year, an increase from 675 the previous year, and promoted 2,440 staff, including 36 partners [3] Technological Investments - Continued investment in technology included new digital tools for improving work quality and consistency, with a focus on AI applications and sustainability assurance [4] - Relocations and refurbishments of offices took place in various cities, with a new headquarters in central London expected to be completed by late 2027 [4] Market Outlook - The firm anticipates growth in regional offices to surpass London in the coming years [2] - Managing partner Mark Shaw emphasized the importance of collaboration in navigating economic challenges [5][6]