Core Viewpoint - LHN (01730) announced that its shares will be delisted from the Main Board of the Hong Kong Stock Exchange on October 30, 2025, at 4:00 PM, with the listing status being revoked on November 4, 2025, at 4:00 PM [1] Summary by Category - **Company Announcement** - LHN's shares will cease trading on the Hong Kong Stock Exchange on October 30, 2025 [1] - The revocation of the listing status will take effect on November 4, 2025 [1]

每经AI快讯，天眼查工商信息显示，近日，安徽省瑞丞鸿图股权投资基金合伙企业（有限合伙）成立，执行事务合伙人为合肥瑞丞私募基金管理有限公 司，出资额16亿元人民币，经营范围为以私募基金从事股权投资、投资管理、资产管理等活动。合伙人信息显示，该基金由芜湖产业投资基金有限公司、安 徽省新能源汽车和智能网联汽车产业基金合伙企业（有限合伙）、芜湖市瑞丞战新产业贰号基金合伙企业（有限合伙）、安徽省新型基础设施建设基金有限 公司等共同出资。 | | 查公司 都在用的商业查询工具 | 音老板 查关系 查风险 | | | --- | --- | --- | --- | | | 国家中小企业发展子基金旗下机构 | 安徽省瑞丞鸿图股权投资基金合伙企业(有限合伙) | (× 天眼一下 | | 基本信息 6 | 法律诉讼 | 经营风险 | 经营信息 11: | | 执行事务合伙人 | 合肥瑞永利募基金管理有限公司 合肥 | 登记状态 ② | 存续 | | | 瑞水 委派代表:吴晓东 | 成立日期 | 2025-10-30 | | 统一社会信用代码 ② | 91340207MAG2M4M09M | 出资额 | 160000万人民币 | ...

| | | 查公司 都在用的商业查询工具 | 查老板 查关系 音风险 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 国家中小企业发展子基金旗下机构 | 扬州战新启航航空航天产业投资合伙企业(有限合伙) | × | 天眼一下 | | | 基本信息 6 | | 法律诉讼 | 经营风险 | 经营信息 | | 公 | | 合伙人信息 4 0 ● | | 品 股权结构 | | | | | | 序号 | | 合伙人名称 | | | 出资比例 ÷ | 认纷 | | 1 | 加 | 扬州航空谷产业发展有限公司 磊 | | | 30% | | | 2 | 肛 航天 | 江苏扬州航空航天产业专项母基金(有限合伙) 私募基金 | සි | | 30% | | | 3 | | 图新国亚投资是铺自限公司 思 国有控股 | | | 30% | | | 4 | | 西藏国盛园区发展投资有限公司 品 国有独资 | | | 10% | | | | 查公司 都在用的商业查询工具 | 查老板 商关系 音风险 | | | --- | --- | --- | --- | | | 国 ...

| 大眼台 | | 都在用的商业查询工具 | 皇公司 查老板 | 音风险 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 国家中小企业发展子基金旗下机构 | 厦门市盘活存量投资合伙企业（有限合伙） | × | 天眼一下 | 船 应用 ▼ | 商务合作 | | 基本信息 4 | | 法律诉讼 | 经营风险 | 经营信息 | | 公司发展 | 知i | | | 合伙人信息 2 3 ● 品 股权结构 | | | | | | | | 序号 | | | 合伙人名称 | | 出资比例 ÷ | 认缴出资额(万元) ۾ | 认缴出资[ | | 1 | 金融 控股 | 厦门金融控股有限公司 留 国有独资 | | | 99.98% | 499900 | 2055-10 | | 2 | ន្ទន្ធ | 厦门金圆投资集团有限公司 品 国有波资 | | | 0.02% | 100 | 2055-10 | | | 草公司 | 童老板 童关系 音风险 | | | | | --- | --- | --- | --- | --- | --- | | | 都在用的 ...

Core Viewpoint - The capital market in China has undergone significant institutional reforms during the "14th Five-Year Plan" period, enhancing both scale and quality, and is expected to play a crucial role in the "15th Five-Year Plan" by supporting the real economy, facilitating innovation resource allocation, and driving economic transformation [1][9]. Group 1: Systemic Restructuring of Capital Market - The "14th Five-Year Plan" period marked a milestone in the development of China's capital market, characterized by the implementation of the registration system reform and the optimization of a multi-tiered market system [2]. - The capital market has increasingly contributed to optimizing resource allocation and promoting economic transformation, with total financing through stock and bond markets reaching 57.5 trillion yuan, and the direct financing ratio rising to 31.6%, an increase of 2.8 percentage points from the end of the "13th Five-Year Plan" [3][4]. Group 2: Financing and Investment Reforms - The new "National Nine Articles" will enhance listing standards and improve the evaluation system for innovative attributes, shifting the IPO market focus from quantity to quality [3]. - The average daily trading volume in the A-share market is projected to reach 1.67 trillion yuan, with a turnover rate of 4.10%, indicating improved market liquidity and pricing efficiency [4]. - The establishment of differentiated development patterns for various boards, such as the Sci-Tech Innovation Board and the Growth Enterprise Market, has provided comprehensive listing services for innovative enterprises [5]. Group 3: Institutional Reforms and Market Ecology - A healthy market ecology has been established, with a significant increase in the delisting rate from 0.28% in 2019 to 0.97% in 2024, promoting effective resource allocation [7]. - The merger and acquisition market has seen increased activity, with 230 major asset restructuring cases disclosed since the introduction of the "Merger Six Articles," enhancing the competitiveness of listed companies [7]. Group 4: Investor Return Mechanism - The new "National Nine Articles" have introduced stricter regulations on share buybacks and dividends, significantly increasing the willingness of listed companies to return value to shareholders, with total distributions reaching 10.6 trillion yuan, an increase of over 80% compared to the "13th Five-Year Plan" period [8]. Group 5: Future Role of Capital Market - The capital market is expected to play a more significant role in the "15th Five-Year Plan" by supporting high-quality development and technological self-reliance, acting as a crucial link between industry and capital [10][11]. - The focus will be on enhancing financing efficiency, optimizing resource allocation, and improving the legal environment to create a transparent and predictable market system [16][17].

Core Viewpoint - During the "14th Five-Year Plan" period, China's financial industry has achieved significant growth in both scale and quality, establishing a solid foundation for building a financial powerhouse. The focus is now on how to align with the goals of the "15th Five-Year Plan" amidst a rapidly changing global economic landscape and domestic economic transformation [1]. Group 1: Achievements During the "14th Five-Year Plan" - The financial industry has seen a historic leap in scale, with total assets of the banking sector reaching nearly 470 trillion yuan, ranking first globally. The banking and insurance sectors combined have total assets exceeding 500 trillion yuan, with an average annual growth of 9% over five years [2]. - The financial sector has significantly enhanced its function in serving the real economy, providing over 170 trillion yuan in new funds to support high-quality economic development [2]. - The multi-tiered capital market system has improved, with the direct financing role becoming more prominent, including reforms in the Sci-Tech Innovation Board and the establishment of the Beijing Stock Exchange [3]. - China leads globally in financial technology innovation, with significant advancements in digital transformation, enhancing operational efficiency and service quality [4]. - The risk prevention system has been upgraded, with the banking sector's non-performing loan ratio maintained below 2% and a provision coverage ratio of 197.97% [4]. - The level of openness in the financial sector has significantly increased, with foreign investment restrictions being lifted and the international competitiveness of China's financial industry enhanced [4]. Group 2: Innovations in System and Mechanism - The financial regulatory system has undergone significant reforms, establishing a more coordinated and unified regulatory framework, enhancing regulatory efficiency [6]. - The legal framework for finance has been strengthened, with improved consumer protection and increased enforcement against financial violations [6]. - Corporate governance in financial institutions has improved, with better risk management and internal control systems established [6]. Group 3: Focus and Outlook for the "15th Five-Year Plan" - The international economic environment is expected to face multiple challenges, with global GDP growth projected to remain low between 2.4% and 2.9% [8]. - Domestic economic structure is set to continue optimizing, with a deeper integration of the digital economy and traditional industries [8]. - The construction of a financial powerhouse is a core goal of China's financial strategy, with a focus on technological innovation and green finance [9]. Group 4: Key Tasks for the "15th Five-Year Plan" - The financial sector will focus on five major areas, including technology finance, green finance, inclusive finance, pension finance, and digital finance, to support sustainable development and address aging population challenges [14][15]. - Financial institutions are encouraged to enhance their service capabilities to the real economy, particularly in key strategic areas such as manufacturing and green development [11][12]. - The international competitiveness of China's financial institutions is expected to improve, with a focus on supporting outbound investments and enhancing the use of the renminbi in international trade [12][16].

青岛在金融领域有了新的动作。 天眼查App显示，近日青岛接连成立了两只产业投资基金：青岛国投化工新材料股权投资基金和海洋可持续发展（青岛）股权投资基金，出资总额达30亿 元。 看似普通的两只基金，背后是青岛在金融领域的再次布局。 几乎在同一时间设立的两只基金，是青岛发展产业基金的决心，更是这座城市探索如何通过金融创新来撬动产业发展，实现从"沿海城市"到"资本高地"蜕 变的关键落子。 两天30亿， 青岛国资与央企的"双向奔赴" 10月底，青岛在资本市场上悄然落下了两颗重要棋子。 首先是青岛国投化工新材料股权投资基金合伙企业（有限合伙）成立，出资额10亿元，执行事务合伙人为青岛国投创新投资管理有限公司。 从其股东结构来看，这是一只典型的"地方国资联手"基金，由青岛国投投资控股有限公司、青岛市财通项目协同引导基金合伙企业、青岛市科技创新基金 合伙企业等共同出资。 | 工商信息 历史工商信息0 | | | | | | 이 응원 | | --- | --- | --- | --- | --- | --- | --- | | 企业名称 | 青岛国投化工新材料股权投资基金合伙企业 (有限合伙) | | | | | | | ...

Core Viewpoint - The optimization of corporate governance structures in the A-share market is gaining momentum, with 1975 companies initiating the cancellation of supervisory boards this year, representing over half of listed companies, indicating a shift towards modern governance standards [1][2] Group 1: Background and Historical Context - The establishment of the supervisory board system was driven by the need for power balance in the early stages of capital market development, aimed at protecting shareholder rights, especially those of minority shareholders [1] - The supervisory board played a crucial role in preventing internal control and regulating business conduct during specific phases of capital market development [1] Group 2: Current Challenges and Legal Framework - The supervisory board system has revealed shortcomings such as lack of professional oversight and delayed information acquisition as the capital market matures and business complexity increases [2] - The new Company Law, effective July 1, 2024, allows companies to establish audit committees within the board of directors to assume the supervisory board's functions, with a deadline for implementation set for January 1, 2026 [2][3] Group 3: Advantages of the Audit Committee - The audit committee is expected to have stronger professional independence, as its members are required to have financial and legal expertise, with independent directors holding a majority [2][3] - The audit committee can participate directly in major decision-making processes, shifting the supervision from a post-event check to real-time oversight, enhancing risk prevention capabilities [3] - The internalization of supervisory functions within the board clarifies responsibilities, ensuring that the board must support the audit committee's work, thus avoiding previous governance issues of overlapping responsibilities [3] Group 4: Implementation and Future Outlook - The effectiveness of the reform hinges on the audit committee's ability to fulfill its supervisory role, which requires stringent criteria for member qualifications, detailed operational guidelines, and transparent communication with minority shareholders [3][4] - The transition from supervisory boards to audit committees represents a fundamental shift in the logic of market supervision, focusing on effectiveness over mere compliance, which is expected to enhance shareholder protection and market order [4]

| | | 音公司 查风险 | | --- | --- | --- | | 天眼查 | 都在用的商业查询工具 | | | TlanYanCha.com | 国家中小企业发展子基金旗下机构 | 东莞滨海湾人工智能产业创业投资母基金合伙企业(有 > 天眼一下 | | 是本信息 4 | 法律诉讼 | 经营风险 | 经营信息 1 | | --- | --- | --- | --- | | 执行事务合伙人 | AB 邓恩广 | 登记状态 2 | 存续 | | | | 成立日期 | 2025-10-30 | | 统一社会信用代码 2 | 91441900MAG0JHGF0G | 出资额 | 30000万人民币 | | 工商注册号 | 441900014489747 | 纳税人识别号 2 | 91441900MAG0JHGF0G | | 营业期限 | 2025-10-30 至 元固定期限 | 纳税人资质 | - | | 华小学生 | 有限合伙企业 | 行业 | 资本市场服务 | | 参保人数 | | 英文名称 | | | 登记机关 | 乐亮市】商行政管理局 | 主要经营场所 2 | 广东省东莞市滨海湾新区兴海 | | 经营 ...

Core Points - Two new companies have been established in Shanghai's Qingpu District: Shanghai Qingpu Guokechuangzhi Economic Development Co., Ltd. with a registered capital of 600 million RMB and Shanghai Qingpu Investment Holding (Group) Co., Ltd. with a registered capital of 500 million RMB [1][2] Company Information - Shanghai Qingpu Guokechuangzhi Economic Development Co., Ltd. is fully owned by the Shanghai Qingpu District State-owned Assets Supervision and Administration Commission, focusing on park management services, entrepreneurial space services, and business agency services [1][2] - Shanghai Qingpu Investment Holding (Group) Co., Ltd. is also fully owned by the Shanghai Qingpu District State-owned Assets Supervision and Administration Commission, engaging in investment activities, asset management services, and investment management [1][2] Registration Details - Both companies were established on October 29, 2025, and are classified as wholly state-owned limited liability companies [2][3] - The registered address for Shanghai Qingpu Guokechuangzhi Economic Development Co., Ltd. is located at 2875 Huqingping Highway, Building 3, 13th Floor, Area C, Room 1301, Qingpu District, Shanghai [2] - The registered address for Shanghai Qingpu Investment Holding (Group) Co., Ltd. is at 99 Gongyuan Road, Shunpu Building, Room 702, Qingpu District, Shanghai [2]