Group 1 - The event "Bank of China Hand in Hand: Connecting Hong Kong" was held to leverage Bank of China's global advantages and enhance companies' international financing channels [1][3] - Bank of China Beijing Branch aims to provide comprehensive financial solutions for companies planning to list in Hong Kong, covering the entire listing process [1][3] - The event featured participation from various professional institutions, offering guidance to nearly 30 attending companies [1][2] Group 2 - Bank of China International's Vice President Liu Lin highlighted the unique advantages of the Hong Kong capital market and the bank's experience in supporting mainland companies to list in Hong Kong [2] - The Hong Kong government representative discussed the favorable business environment and one-stop professional services available for mainland companies [2] - A comprehensive service plan for companies listing abroad was released, focusing on a full lifecycle financial service system [3][4] Group 3 - The event facilitated direct communication between experts and company representatives, addressing specific concerns regarding the Hong Kong IPO process [3] - The increasing demand for diversified financing from mainland companies positions Hong Kong as an ideal platform for accessing global capital [3] - Bank of China Beijing Branch plans to continuously optimize its service system to support companies in achieving high-quality development [4]

中金公司作为本项目的独家保荐人，充分发挥了跨境业务能力优势，全面牵头项目执行和市场推荐各项 工作，面对具有开创性的两地同步上市项目，充分理解两地上市规则并提出完善的解决方案。秉持"植 根中国，融通世界"的理念，中金公司将服务国家战略、保障资源安全、助力实体经济发展作为核心目 标，依托深厚的本土经验与全球业务网络，让金融服务成为连接中国与中亚市场的桥梁，实现跨国资源 的高效整合。 中金公司是最早在中亚市场开展业务的中资投行，该项目是服务高质量共建"一带一路"的又一经典案 例，进一步强化了中金公司在国际投行业务领域的领先地位。未来，中金公司将继续坚持服务实体经济 和跨境资本流动，助力中国企业提升全球竞争力，推动更多国际企业在中国香港上市。(CIS) 8月28日，佳鑫国际资源投资有限公司正式在香港联交所主板、哈萨克斯坦阿斯塔纳国际交易所 （AIX）"一带一路"板同步上市，绿鞋前发行规模1.53亿美元，绿鞋后发行规模1.76亿美元（假设绿鞋 全额行使）。中金公司担任本项目的独家保荐人、整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人。 该项目是全球首个香港联交所和哈萨克斯坦阿斯塔纳国际交易所两地同步上市项 ...

8月28日，佳鑫国际资源投资有限公司正式在香港联交所主板、哈萨克斯坦阿斯塔纳国际交易所 （AIX）"一带一路"板同步上市，绿鞋前发行规模1.53亿美元，绿鞋后发行规模1.76亿美元（假设绿鞋 全额行使）。中金公司担任本项目的独家保荐人、整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人。 中金公司是最早在中亚市场开展业务的中资投行，该项目是服务高质量共建"一带一路"的又一经典案 例，进一步强化了中金公司在国际投行业务领域的领先地位。未来，中金公司将继续坚持服务实体经济 和跨境资本流动，助力中国企业提升全球竞争力，推动更多国际企业在中国香港上市。 编辑：林森 该项目是全球首个香港联交所和哈萨克斯坦阿斯塔纳国际交易所两地同步上市项目，中亚地区首支人民 币计价股票，香港资本市场首家以钨矿开采为主业的上市项目。在2025年上海合作组织天津峰会即将召 开之际，佳鑫国际资源在中国香港和哈萨克斯坦的成功上市具有重大意义，为我国在战略资源领域的全 球布局以及保障国家产业链供应链安全、支撑高端产业高质量发展提供了重要支撑，为高质量共建"一 带一路"背景下的跨国金融合作与产能协同树立了新标杆。 中金公司作为本项目的独家 ...

Group 1 - Jiaxin International Resources Investment Co., Ltd. has officially listed on both the Hong Kong Stock Exchange and the Astana International Exchange, marking the first simultaneous listing of its kind in the world [1] - The initial offering size was $153 million, with a potential total size of $176 million if the greenshoe option is fully exercised [1] - This listing is significant as it represents the first RMB-denominated stock in Central Asia and the first Hong Kong-listed company primarily engaged in tungsten mining [1] Group 2 - China International Capital Corporation (CICC) acted as the sole sponsor and played a crucial role in executing the project, leveraging its cross-border business capabilities [2] - CICC aims to serve national strategies, ensure resource security, and support the development of the real economy, positioning itself as a bridge between China and Central Asia [2] - This project further solidifies CICC's leading position in the international investment banking sector and exemplifies its commitment to facilitating cross-border capital flows and enhancing the global competitiveness of Chinese enterprises [2]

山推股份在港交所提交IPO申请，独家保荐人为中金公司。 ...

Core Viewpoint - Jiaxin International Resources Investment Co., Ltd. has successfully completed a dual listing on the Hong Kong Stock Exchange and the Astana International Exchange in Kazakhstan, marking a significant milestone in cross-border financial cooperation and resource security for China [1][3] Group 1: Listing Details - The initial issuance scale was $153 million, with a potential post-green shoe issuance scale of $176 million if the green shoe option is fully exercised [1] - This project is the first of its kind to achieve simultaneous listings on both the Hong Kong Stock Exchange and the Astana International Exchange, and it is the first RMB-denominated stock in Central Asia [1] Group 2: Strategic Significance - The successful listing is crucial for China's global layout in strategic resources and supports the security of national industrial and supply chains, contributing to high-quality development of advanced industries [1] - The listing sets a new benchmark for multinational financial cooperation and capacity collaboration under the Belt and Road Initiative [1] Group 3: Role of CICC - CICC acted as the sole sponsor and coordinator for the project, leveraging its cross-border business capabilities and understanding of the listing rules in both markets [3] - The project exemplifies CICC's commitment to serving national strategies, ensuring resource security, and supporting the development of the real economy [3] - CICC aims to enhance the global competitiveness of Chinese enterprises and facilitate more international companies to list in Hong Kong [3]

Group 1 - Jiaxin International Resources Investment Co., Ltd. has officially listed on both the Hong Kong Stock Exchange and the Astana International Exchange in Kazakhstan, marking the first simultaneous listing of its kind [1][3] - The initial offering size was $153 million, with a potential total size of $176 million if the greenshoe option is fully exercised [1] - This project represents the first RMB-denominated stock in Central Asia and is the first Hong Kong-listed company primarily engaged in tungsten mining [3] Group 2 - The successful listing is significant for China's strategic resource global layout and supports the security of national industrial and supply chains, contributing to high-quality development of advanced industries [3] - CICC, as the sole sponsor, demonstrated its cross-border business capabilities and provided comprehensive solutions for the unique dual-listing project [3][4] - CICC aims to serve national strategies, ensure resource security, and support the development of the real economy, acting as a bridge between China and Central Asia markets [4] Group 3 - CICC is one of the earliest Chinese investment banks to operate in the Central Asian market, reinforcing its leading position in international investment banking [4] - The project exemplifies CICC's commitment to high-quality Belt and Road Initiative cooperation and will continue to enhance the global competitiveness of Chinese enterprises [4]

黄金方面： 隔夜黄金继续小幅上涨，随着美联储和白宫之间的博弈升级，市场避险情绪也会持续上升，短期内黄金很可能会继续上扬。 特朗普解雇美联储理事莉萨·库克一事引起轩然大波，虽然从法理上来看，符合法律规定，但市场反应是特朗普试图将美联储政治化，恐吓其领导层，并迫 使货币政策服从总统意志。此举威胁到美联储的独立性，也将危及美国在国内外的货币政策信誉。 百利好特约智昇研究市场策略师鹏程认为，《财政部-美联储协议》从法律层面明确了美联储货币政策制定权独立于行政干预，特朗普此举意味着政府试图 控制央行，从历史来看都将造成混乱。 技术面：黄金日线收小阳线，上涨力度一般。1小时周期形成次级上升结构，但也面临整数关口的压力，短线大概率先上后下。日内可关注上方3401美元一 线的压力。 技术面：原油日线收小阳线，大概率是对前期阴线的调整。1小时周期上升结构完成，形成下降ABC的可能性很大。短线可关注上方64美元一线的压力。 铜方面： 铜日线连续收小阴小阳线，大概率是对前期大阴线的调整，整体形成下降ABC的可能性很大。4小时周期形成向下的虚破，短线很可能反弹，可关注上方 4.43美元一线的压力。 日经225方面： 黄金小时图 原油 ...

Financial Data and Key Metrics Changes - The company reported no financings completed in Q2 2025, leading to limited revenue generation, primarily from Pat Invest as operations begin to scale [5][6] - Cash utilization for the first six months of 2025 was $3.4 million, with expectations to close financings in February 2025 to reduce or eliminate cash usage [7] Business Line Data and Key Metrics Changes - The company is focusing on incubating more companies to offset operating expenses with financing revenue, balancing equity generation and fee income [6][10] - The current product mix is expanding to include profitable early-stage companies with revenue momentum, which are highly valued in the current market [13][14] Market Data and Key Metrics Changes - The deep tech and life sciences sectors are experiencing investor hesitation, with the life sciences segment being particularly challenging [9][10] - The company recognizes a shift in investor interest towards public venture opportunities, moving away from traditional private equity and venture capital [19][30] Company Strategy and Development Direction - The company aims to expand its investor community to support the growing number of companies being brought to market, focusing on profitable companies with asymmetric return potential [11][12] - A significant opportunity is identified in the metabolic health sector, with the potential for substantial market growth driven by GLP-1 drugs [20][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current challenging market environment but expresses confidence in the unique platform developed for public venture [7][8] - The company is preparing to spin off PatentVest as an independent public company, which is expected to create additional value for shareholders [50][84] Other Important Information - The company has filed a prospectus for a new beverage company, Buddha Juice, which is expected to create a new category in the market [15][18] - The partnership with Koretsu, one of the largest angel groups, aims to facilitate the launch of two to four deals per year, enhancing the company's reach in the angel investment community [31][35] Q&A Session Summary Question: Are there vulture opportunities in your core life science market? - Management indicates that tough market conditions can lead to better opportunities, with current valuations being reasonable for potential investments [62][64] Question: What's the plan to increase volume and liquidity for portfolio companies? - The focus is on having a clear narrative and adjusting business models to reflect the current market environment, with an emphasis on near-term inflection points [68][70] Question: What is the plan for the holding company's assets and potential distributions? - The company plans to distribute equity as much as possible, with a focus on timing distributions around positive news for portfolio companies [80][84]

Core Insights - The article discusses the transformative impact of AI technology on American businesses, estimating potential annual cost savings of nearly $1 trillion due to automation and enhanced processes [2][3] - Morgan Stanley predicts that 90% of jobs will be affected by AI automation, with significant cost savings primarily from workforce reductions and automation of knowledge-intensive tasks [2][3] Cost Savings and Economic Impact - The estimated annual net benefit of deploying "agent AI" software and embodied AI robots for S&P 500 companies is $920 billion, which represents 28% of the projected pre-tax earnings for 2026 [3] - This cost saving could lead to a market value increase of approximately $13-16 trillion for S&P 500 companies, equating to nearly a quarter of their current total market capitalization [3] Industry-Specific Impacts - Industries such as essential consumer goods distribution, real estate management, and transportation are expected to experience the most significant impacts, with AI-driven productivity gains potentially exceeding 100% of the projected 2026 earnings [4] - In contrast, sectors like semiconductors and hardware, which already have high per capita output, are anticipated to have relatively lower potential for AI-driven value creation [5] Job Displacement and New Opportunities - While cost savings will largely come from workforce reductions, the report emphasizes that full automation differs from task-level enhancement, with agent AI focusing on task redistribution rather than outright job replacement [8] - The emergence of new job categories, such as Chief AI Officers and AI governance experts, is expected, mirroring historical trends from previous technological revolutions [8] Gradual Implementation Process - Despite the significant potential for cost savings, the full application of AI may take years or even decades, with companies likely prioritizing natural attrition and process optimization over immediate mass layoffs [11] - For investors, the message is clear: AI is no longer just a conceptual theme, but a substantial driver of potential profit growth for American businesses post-2025 [11]