Choice金融终端数据显示，2025年以来，港股首次招股公司已达到59家，首次招股募资已达到1436.55亿港元，远超去年全年的877.29亿港元。然而，在新 股发行火热的同时，年内已有20余家公司被联交所取消上市地位，就连西南证券的孙公司也未能幸免。 来源：摄图网 2023年9月15日，联交所上市科作出决定，因西证国际证券未能维持联交所证券上市规则规定的足够营运水平及拥有相当价值的资产以保证其股份继续上 市，除非西证国际证券就该决定申请复核，否则公司股份将于9月27日暂停买卖。 上市科认为，西证国际证券过去5年的主营业务经纪业务及孖展融资业务、企业融资业务规模大幅缩减。截至2022年，西证国际证券的经纪业务及孖展融 资业务的经营已基本停止，其余业务仅以最低规模经营。由于牌照限制，西证国际证券已停止其首次公开发售保荐人业务，且公司债券资本市场业务产生 的收入极低。 同时，上市科表示，西证国际证券入账分部亏损，并已持续亏损多年，截至2023年6月末，公司净负债2670万港元；此外，西证国际证券存在潜在交易相 关不确定因素。 公告显示，2022年，西证国际证券的营业收入为-10204.2万港元，净利润为-241 ...

Group 1 - A-shares opened higher with the Shanghai Composite Index up 0.01%, Shenzhen Component Index up 0.03%, and ChiNext Index up 0.15% on May 29, 2023 [1] - Consumer electronics and textile manufacturing sectors showed significant gains [1] Group 2 - CITIC Securities predicts a 5% growth in electrolytic aluminum demand in 2024, indicating strong fundamentals that can counteract the decline in real estate consumption [2] - The market is cautious due to concerns over export competition and preemptive aluminum consumption in the photovoltaic sector, yet global electrolytic aluminum remains balanced despite weak consumption [2] - Aluminum prices are expected to withstand weak consumption cycles due to low inventory levels and weak supply elasticity, making the sector attractive for investment [2] Group 3 - CICC sees investment opportunities in leading automotive display and HUD manufacturers as automotive intelligence becomes more prevalent [3] - The penetration rate of HUD products is increasing, with Chinese manufacturers gradually gaining market share [3] - The launch of Xiaomi's YU7 panoramic display system is expected to accelerate the adoption of virtual panoramic displays in the automotive sector [3] Group 4 - Galaxy Securities highlights the importance of cost marginal changes and favorable funding conditions for high-quality pig farming enterprises [4] - It is anticipated that pig prices may show a year-on-year decline in 2025, with stable performance expected within the year [4] - The combination of declining costs and unexpected profit growth makes it essential to focus on high-quality pig farming companies with significant cost marginal changes and good funding conditions [4]