根据中国外汇交易中心暨全国银行间同业拆借中心《关于同业拆 借市场成员披露 2025 年半年度财务报表的通知》（中汇交发〔2025〕 股子公司五矿国际信托有限公司（以下简称"五矿信托"）、中国外贸 金融租赁有限公司（以下简称"外贸金租"）2025 年半年度未经审计资 产负债表及利润表，五矿证券有限公司（以下简称"五矿证券"）2025 年半年度母公司未经审计资产负债表、利润表及净资本计算表将在中 国货币网（www.chinamoney.com.cn）上进行披露。 五矿信托、外贸金租 2025 年半年度未经审计资产负债表及利润 表，五矿证券 2025 年半年度母公司未经审计资产负债表、利润表及 净资本计算表详见本公司在上海证券交易所网站（www.sse.com.cn） 披露的公告附件。 特此公告。 五矿资本股份有限公司董事会 股票代码：600390 股票简称：五矿资本 公告编号：临 2025-036 五矿资本股份有限公司 关于下属控股子公司五矿信托、外贸金租、五矿证券 披露2025年半年度未经审计财务报表的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实 ...

海通恒信：2025年上半年总收入约35亿元 同比降约13% 智通财经7月14日电，海通恒信(01905.HK)发布公告称，上半年总收入约35.21亿元，同比下跌12.6%； 上半年净利润7.85亿元，同比减少3.4%。 ...

Core Viewpoint - The auction of four trading seats on the Shenzhen Stock Exchange has been held for the ninth time, with a starting price of 295,500 yuan, but previous auctions have all failed to attract bidders [1][2]. Group 1: Auction Details - The four trading seats, originally belonging to a trust company, are being auctioned due to asset disposal, with the starting price reduced from an initial 600,000 yuan [1][2]. - The auction has seen no bidders so far, with only a few hundred spectators present [4]. - The trading seats are currently under the name of Zhuhai Zhongye Trust Investment Co., Ltd., and the auction is a result of a court ruling from 2009 [5]. Group 2: Historical Context - These trading seats have been auctioned eight times previously, all resulting in failure to sell, with the starting price decreasing over time [2][7]. - The first auction occurred on August 24, 2020, with a starting price of 600,000 yuan, and subsequent auctions saw prices drop to 295,500 yuan by the ninth auction [7]. - The lack of interest in these trading seats is attributed to the fact that many brokerages already possess numerous trading seats, making these additional seats less appealing [2][7]. Group 3: Eligibility and Regulations - According to the Shenzhen Stock Exchange's seat management rules, trading seats can only be transferred among members, primarily brokerages and securities companies [6]. - Bidders must verify their eligibility to acquire trading seats, as failure to meet the qualifications could result in legal liabilities [5][6]. - The auction process requires a formal agreement and application to the exchange, with a standard purchase fee of 600,000 yuan for a trading seat [6].

Core Viewpoint - Jiangsu Province has introduced a new policy to support large-scale equipment updates in the transportation sector through financial subsidies for financing leasing businesses, aimed at enhancing efficiency and reducing costs in transportation logistics [1][2]. Group 1: Policy Overview - The "Transportation Rental" financial subsidy implementation plan aims to leverage fiscal funds to encourage the financing leasing industry to support the real economy [1]. - The policy expands the coverage of previous initiatives, specifically targeting financing leasing for equipment purchases, which is common among enterprises and individual businesses [2]. - The selected pilot institutions for this initiative include Jiangsu Financial Leasing Co., Ltd., Su Yin Financial Leasing Co., Ltd., and Suzhou Financial Leasing Co., Ltd., which will receive a subsidy of 1.5 percentage points on interest expenses for direct financing leasing business from January 1, 2025, to December 31, 2026 [2]. Group 2: Financing Benefits - The "Transportation Rental" program provides an important financing alternative to traditional bank loans, particularly beneficial for capital-intensive transportation projects with long investment recovery periods [4]. - This financing method allows enterprises to avoid large upfront capital expenditures, freeing up liquidity for core business operations [4]. - Operating leases can achieve "off-balance-sheet financing," improving the asset-liability ratio of companies and smoothing financial cost expenditures [4]. Group 3: Implementation Features - The implementation plan features broad policy coverage, including transportation vehicles and related facilities, available to registered enterprises and individual businesses in Jiangsu [5]. - The application process is streamlined through the "Jiangsu Transportation Cloud" app, allowing eligible projects to be easily submitted and approved [5]. - The maximum annual provincial subsidy for a single project is capped at 10 million yuan, with a total limit of 20 million yuan for multiple projects from the same entity [6].

Group 1 - The core viewpoint is that financial leasing, a business model similar to banking, has gained attention in the market due to its low valuation and high dividend yield, making it a core asset for investment [3][4]. - Financial leasing and commercial banks share a similar profit model based on net interest margin from assets and liabilities, heavily relying on financing, with primary risks being credit and liquidity risks [3]. - Since May, the only financial leasing company in the A-share market has experienced a 20% rebound, indicating growing market recognition of this sector [4]. Group 2 - The article suggests that financial leasing can be observed as a viable alternative to traditional banking, providing insights into its operational dynamics and market potential [5].

Core Insights - The maritime leasing industry in China is experiencing significant transformation, focusing on high-quality development and innovative leasing models to support the shipping and marine economy [1][2][3] Group 1: Industry Developments - The first 7,500-car LNG dual-fuel car carrier has successfully launched, marking a milestone in the maritime leasing sector [1] - The signing of the 1,000th leasing vessel at Tianjin Port highlights the growth and importance of the maritime leasing industry in China [1][5] - The establishment of a $1.2 billion consortium for ship leasing by six financial leasing companies indicates a strong collaborative effort to enhance the industry [1] Group 2: Financial Innovations - CITIC Financial Leasing has signed contracts for the construction and leasing of an 80,000-ton multi-purpose grain ship, showcasing the adaptability of vessels for various cargo types [2] - The introduction of innovative leasing products by multiple financial leasing companies aims to meet the growing demand for light asset operations in the shipping sector [2] - The total asset value of Chinese leasing companies reached $132.5 billion, with a fleet of 2,710 vessels, indicating a robust asset scale in the maritime leasing market [4] Group 3: Policy Support and Future Outlook - The Chinese government is actively promoting high-quality development in the shipping industry through various policy initiatives, including the issuance of guidelines by multiple ministries [2][6] - The Tianjin East Port Comprehensive Bonded Zone has achieved significant milestones in ship leasing, with a cumulative leasing asset scale exceeding $2.4 trillion over three years [5] - Future strategies for the maritime leasing industry include focusing on technological innovation, low-carbon initiatives, smart connectivity, and collaborative frameworks to enhance the blue economy [6]

Core Viewpoint - Jiangsu Financial Leasing Co., Ltd. has received an "AAA" rating for its 2025 financial bonds, reflecting its strong market positioning, competitive advantages, and diversified financing channels, despite facing challenges from macroeconomic conditions and asset-liability mismatches [1][2]. Group 1: Company Overview - Jiangsu Financial Leasing was established in June 1985 with an initial registered capital of 5 million RMB, later renamed in April 2003 [2]. - The company underwent multiple rounds of capital increases and introduced various shareholders, including Nanjing Bank and International Finance Corporation, and completed its shareholding reform in November 2014 [2]. - As of the end of 2024, the company's paid-in capital reached 5.792 billion RMB, with Jiangsu Communications Control as the controlling shareholder, holding a combined direct and indirect stake of 39.24% [2]. Group 2: Credit Rating Insights - The "AAA" rating from China Chengxin International reflects Jiangsu Financial Leasing's strong profitability and competitive advantages, which support its overall operational and credit standing [1]. - The rating agency anticipates that the company's credit level will remain stable over the next 12 to 18 months [2].

近日，第一财经记者从知情人士处获悉，北银金融租赁有限公司现任董事长孔海涛"疑似失联"。记 者随即多次尝试电话联系孔海涛两个常用手机号码，均处于无人接听状态。记者同时致电北银金租及 控股股东北京银行，均未获得明确答复。公开资料显示，孔海涛现任北银金融租赁有限公司董事、董 事长，为北银金租第三任董事长。此前，曾有传言"失联"的北银金租首任董事长闫冰竹因严重违纪 违法于2024年被查。 ...

近日，记者从知情人士处获悉，北银金融租赁有限公司现任董事长孔海涛"疑似失联"。记者随即多次尝 试电话联系孔海涛两个常用手机号码，均处于无人接听状态。记者同时致电北银金租及控股股东北京银 行，均未获得明确答复。公开资料显示，孔海涛现任北银金融租赁有限公司董事、董事长，为北银金租 第三任董事长。此前，曾有传言"失联"的北银金租首任董事长闫冰竹因严重违纪违法于2024年被查。 (第一财经) ...

非银金融 2025 年 07 月 06 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -19% 0% 19% 38% 58% 77% 2024-07 2024-11 2025-03 非银金融 沪深300 相关研究报告 《稳定币主题催化券商板块上涨，中 报 有 望 延 续 高 景 气 — 行 业 周 报 》 -2025.6.29 《券商中报向好叠加公募欠配，看好 板块机会—行业点评报告》-2025.6.25 《规范分红险分红水平，券商分类评 价 新 规 突 出 功 能 性 — 行 业 周 报 》 -2025.6.22 6 月新开户同比高增，头部券商受益于港股高景气 ——行业周报 高超（分析师） 卢崑（分析师） gaochao1@kysec.cn 证书编号：S0790520050001 lukun@kysec.cn 证书编号：S0790524040002 周观点：6 月新开户同比高增，头部券商受益于港股高景气 6月上交所新开户人数同比高增，交易量高增、债市和股市向好、海外业务充分 受益于港股市场高景气，预计上市券商中报业绩延续一季度以来的同比高增，关 注后续业绩预告、稳定币等主题催化，继续看好券商板块机 ...