Core Viewpoint - The article presents a "Bull Market Risk Signal System" designed to assess the risk levels of the stock markets in China and Hong Kong, indicating a mixed outlook with several indicators showing signs of overheating and potential risks [1]. Group 1: Valuation Levels - As of September 30, 2025, the price-to-earnings (P/E) ratio for the CSI 300 Index is 14.22 times, and for the Hang Seng Index, it is 13.66 times, suggesting that the markets are not overheated, thus receiving a green light [1]. Group 2: Market Sentiment and Behavior - In August 2025, 2.65 million new accounts were opened in the A-share market, a year-on-year increase of 165%, indicating a significant influx of retail investors, which is a typical sign of overheating, thus receiving a red light [1]. - The emergence of "stock gods" and high-return internet influencers has been noted, with several cases on platforms like Xueqiu, which also indicates overheating, thus receiving a red light [1]. - A strong speculative atmosphere is present, with short-term trading becoming prevalent and value investing being ridiculed, leading to a red light [1]. - Increased inquiries about stocks from relatives and friends suggest a heightened public interest, contributing to a red light [1]. Group 3: Market Dynamics - There are evident local asset bubbles in sectors with significant price increases, such as the Sci-Tech Innovation Board, Growth Enterprise Market, and semiconductor sectors, which receive a red light [1]. - Trading volumes have surged, with the Shanghai Stock Exchange recording a trading volume of 0.97 trillion and the Shenzhen Stock Exchange 1.21 trillion as of September 30, 2025, indicating excessive trading activity and receiving a red light [1]. - The financing balance in the A-share market has rapidly increased, with the total financing balance across the Shanghai, Shenzhen, and Beijing markets exceeding 2.4 trillion, indicating excessive leverage and receiving a red light [1]. Group 4: Regulatory and Foreign Investment Insights - Ongoing monitoring of regulatory actions is necessary, as the regulatory environment is currently assessed as neutral, receiving a yellow light [1]. - According to Morgan Stanley, the net inflow of foreign capital into Hong Kong and mainland stocks has slowed, with only 900 million USD in August, down from 2.7 billion USD in July, which is also assessed as a yellow light [1].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 警告 本公告乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會 （「證監會」）的要求而刊發，僅用作向香港公眾人士提供資料。 閣下閱覽本公告，即表示 閣下知悉、接納並向賽美特信息集團股份有限公司 （「本公司」）、其聯席保薦人、保薦人兼整體協調人、整體協調人、顧問或包銷團 成員表示同意： * 僅供識別 1 (a) 在聯交所網站登載本公告，並不會引致本公司、其聯席保薦人、保薦人兼整 體協調人、整體協調人、顧問或包銷團成員在香港或任何其他司法權區進行 發售或配售活動的責任。本公司最終會否進行發售或配售仍屬未知之數； (b) 本公告所涉及的上市申請尚未獲批准，聯交所及證監會或會接納、發回或拒 絕有關的公開發售及╱或上市申請； (c) 本公告不應被視為勸誘認購或購買任何證券，亦不擬構成該等勸誘； (d) 本公司或其任何聯屬人士、顧問或包銷團成員概無透過刊發 ...

Market Performance - The Hang Seng Index (HSI) fell by 200 points or 0.8%, closing at 26,344 points after reaching a low of 26,204 points[1] - The National Index dropped by 101 points or 1.1%, ending at 9,370 points[1] - The Hang Seng Tech Index decreased by 36 points or 0.6%, closing at 6,257 points[1] - Total market turnover for the day was HKD 290.54 billion[1] Economic Indicators - The People's Bank of China maintained the one-year and five-year Loan Prime Rates (LPR) at 3.00% and 3.50% respectively, in line with expectations[2] - The central bank conducted a 7-day reverse repurchase operation of CNY 240.5 billion at an interest rate of 1.4%[2] - The mid-point exchange rate of the RMB against the USD was adjusted up by 22 points to 7.1106[2] U.S. Market Highlights - The Dow Jones increased by 66 points or 0.1%, closing at 46,381 points[2] - The S&P 500 rose by 29 points or 0.4%, reaching 6,693 points[2] - The Nasdaq led with a gain of 157 points or 0.7%, closing at 22,788 points[2] Corporate Developments - TikTok is expected to generate USD 170 billion in economic benefits over the next four years, with Oracle becoming its "trusted service provider"[3] - JD Industrials, a spin-off from JD Group, plans to list in Hong Kong, with the China Securities Regulatory Commission acknowledging its filing[5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 TIMELESS RESOURCES HOLDINGS LIMITED 天時資源控股有限公司 （於香港註冊成立的有限公司） （股份代號：8028） 自願公告之補充公告 有關與 HASHKEY 及艾德證券戰略合作之諒解備忘錄 茲提述天時資源控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二 零二五年八月二十日刊發有關就 戰 略 合 作 事 宜 訂 立 不 具 法 律 約 束 力 之 戰 略 合 作 諒 解 備 忘 錄 之公告（「該公告」）。除另有界定外，本公告所用詞彙與該公告所界 定者具有相同涵義。 艾德證券 艾德證券作為持有 證券及期貨事務監察委員會（「 證 監 會 」 ） 頒發提升級 別牌照 可 從 事 虛 擬 資 產 交 易 業 務 之 持 牌 公 司 ， 將 參 與 向 其 客 戶 分 發 白 銀 代 幣。具體而言，艾德證券及／或其聯營公司 應 協 助 產 品 發 行 方 於發行白銀 代幣 ...

Group 1 - The report indicates that the registered share capital of Guolian Minsheng Securities Co., Ltd. remains unchanged at RMB 5,680,592,806 as of August 31, 2025 [1][2] - The total number of issued shares for Guolian Minsheng Securities is reported to be 442,640,000, with no changes from the previous month [1][2] - The total number of issued shares for the company listed on the Shanghai Stock Exchange is 5,237,952,806, also showing no changes from the previous month [1][2] Group 2 - The report confirms that there are no changes in the number of treasury shares held by the company, which remains at zero [1][2] - There are no details provided regarding share options, warrants, or convertible securities, indicating that these are not applicable for the current reporting period [1][2][3] - The report includes a confirmation section that states all securities have the same rights and privileges, ensuring uniformity among the shares [3]

Group 1 - The report indicates that the total registered capital of Shenwan Hongyuan Group Co., Ltd. remains unchanged at RMB 25,039,944,560 as of August 31, 2025 [1] - The number of issued shares for H-shares (06806) and A-shares (000166) is stable, with both remaining at 2,504,000,000 and 22,535,944,560 respectively, with no increase or decrease reported [1] - The report confirms compliance with all applicable listing rules and regulations regarding the issuance and transfer of securities [2][3] Group 2 - The company has not issued any stock options, warrants, or convertible bonds during the reporting period [1] - All necessary documentation and approvals related to the securities issuance have been completed and filed as required by law [2] - The company confirms that all properties purchased or agreed to be purchased have been completed and the purchase price has been paid [2]

Group 1 - The report details the changes in the registered capital of CITIC Securities Co., Ltd. as of August 31, 2025, indicating no increase or decrease in the number of shares [1][2] - The total registered capital at the end of the month is RMB 7,756,694,797, with H shares totaling 1,261,023,762 and A shares totaling 6,495,671,035 [1][2] - The number of issued shares remains unchanged for both H shares and A shares, with totals of 1,261,023,762 and 6,495,671,035 respectively [1][2] Group 2 - The report confirms that there are no changes in the number of treasury shares held by the company [1][2] - There are no details provided regarding stock options, warrants, or convertible securities in this report [1][2] - The report includes a confirmation section indicating that the securities have the same rights and privileges, including dividend entitlements and voting rights [2]

Core Points - The document outlines the board of directors and their roles within CITIC Securities Co., Ltd, including various committees such as Development Strategy, Risk Management, Audit, and Remuneration and Nomination [1] Group 1: Board Composition - The board consists of several key members, including Liu Cheng (Chairman and Executive Director), Li Min (Vice Chairman and Non-Executive Director), and Zhu Yong (Vice Chairman and Non-Executive Director) [1] - Other notable members include Jin Jianhua (Executive Director), Yan Xiaolei (Non-Executive Director), and Wang Guanglong (Non-Executive Director) [1] Group 2: Committee Roles - Liu Cheng serves as the Chairman of the Development Strategy Committee [1] - The Risk Management Committee includes members such as Yang Dong and Wang Hua, with Yang Dong serving as the Chairman [1] - The Audit Committee is chaired by Wu Xi, while Zhang Zheng and Zheng Wei are also members [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之 任 何 損 失 承 擔 任 何 責 任。 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1341） 自 願 公 告－業 務 更 新 本 公 告 乃 由 昊 天 國 際 建 設 投 資 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司， 統 稱「本集團」）自 願 作 出，旨 在 告 知 本 公 司 股 東 及 潛 在 投 資 者 有 關 本 集 團 之 最 新 業 務 進 展。 一般事項 潛在申請之理由 截 至 本 公 告 日 期，昊 天 證 券 持 有 證 券 及 期 貨 條 例 下 第1類（證 券 交 易）受 規 管 活 動 的 牌 照。昊 天 證 券 主 要 從 事 提 供 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6806） 海外監管公告 本公告乃由申萬宏源集團股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規 則第13.10B條作出。 茲載列本公司於深圳證券交易所網站發佈之《申萬宏源集團股份有限公司第六屆董事會第九次 會議決議公告》，僅供參閱。 承董事會命 申萬宏源集團股份有限公司 董事長 劉健 北京，2025年8月29日 此事项已经董事会审计委员会审议同意。 於本公告日期，董事會成員包括執行董事劉健先生及黃昊先生；非執行董事朱志龍先生、張英女士、邵亞樓先生、 徐一心先生及嚴金國先生；獨立非執行董事楊小雯女士、武常岐先生、陳漢文先生及趙磊先生。 半年度报告详见巨潮资讯网 http://www.cninfo.com.cn。 证券代码：000166 证券简称：申万宏源 公告编号：临 2025-64 申 万 宏 源 ...