● 本报记者 孟培嘉 交易方式方面，凌志软件拟通过发行股份及支付现金方式购买标的公司控股权并募集配套资金。 因本次交易尚存在不确定性，经凌志软件申请，公司股票自10月28日开市起停牌，预计停牌时间不超过 10个交易日。 凯美瑞德官网信息显示，公司成立于2013年，核心团队专注行业二十多年，致力于以数据治理架构、 Lambda流批一体架构、金融与企业级数据标准为核心底座，以成熟丰富的算法和模型为引擎，以数据 为驱动力，为中国资金及资本市场的基础设施建设提供各类核心级交易管理、风险管理、企业级数据应 用解决方案及相关服务。公司是国家级高新技术企业，也是国内资金、资管业务一体化系统领域内领先 的金融IT供应商。 凯美瑞德此前于2016年挂牌新三板。2017年，因向江苏证监局报备IPO上市辅导，凯美瑞德向全国中小 企业股份转让系统申请股票终止挂牌，并于当年12月正式终止挂牌。2019年，凯美瑞德终止上市辅导。 凌志软件是一家金融软件公司，主要业务包括对日软件开发及国内应用软件解决方案。公司致力于新兴 技术在金融行业的应用，为客户提供咨询、设计、开发、维护等全方位的软件开发服务，业务范围涵盖 了证券、保险、银行、信托、 ...

官网信息同时显示，作为典型的金融科技型企业，凯美瑞德携手包括国家开发银行、中国农业发展银行 和上海清算所在内的100多家境内外金融机构成功实施了300多个项目。目前服务的客户范围涵盖了国内 约70%的大中型金融机构。 凌志软件在公告中表示，本次交易事项尚处于筹划阶段，公司目前正与交易意向方接洽，交易对方的范 围尚未最终确定。 凌志软件提醒，本次交易尚需提交公司董事会、股东会审议，并经监管机构批准后方可正式实施，能否 通过审批尚存在一定不确定性。 （文章来源：证券时报） 凌志软件（688588）10月27日晚间公告，公司正在筹划通过发行股份及支付现金方式购买凯美瑞德（苏 州）信息科技股份有限公司（以下简称"凯美瑞德"）控股权并募集配套资金。 本次交易尚处于筹划阶段，截至公告披露日，凯美瑞德的估值尚未最终确定，尚无法确定本次交易是否 构成重大资产重组。经公司申请，公司股票自10月28日（星期二）开市起开始停牌，预计停牌时间不超 过10个交易日。 据介绍，凯美瑞德是国家级高新技术企业，也是国内资金、资管业务一体化系统领域内金融IT供应商中 的龙头企业，在资金资管领域，公司既拥有完整自主可控能力，也能无缝整合国际产品 ...

本次交易尚处于筹划阶段，截至公告披露日，凯美瑞德的估值尚未最终确定，尚无法确定本次交易是否 构成重大资产重组。经公司申请，公司股票自10月28日(星期二)开市起开始停牌，预计停牌时间不超过 10个交易日。 凌志软件(688588)10月27日晚间公告，公司正在筹划通过发行股份及支付现金方式购买凯美瑞德(苏州) 信息科技股份有限公司(以下简称"凯美瑞德")控股权并募集配套资金。 凌志软件提醒，本次交易尚需提交公司董事会、股东会审议，并经监管机构批准后方可正式实施，能否 通过审批尚存在一定不确定性。 据介绍，凯美瑞德是国家级高新技术企业，也是国内资金、资管业务一体化系统领域内金融IT供应商中 的龙头企业，在资金资管领域，公司既拥有完整自主可控能力，也能无缝整合国际产品解决方案，可以 实现自主创新和进口替代。 官网信息同时显示，作为典型的金融科技型企业，凯美瑞德携手包括国家开发银行、中国农业发展银行 和上海清算所在内的100多家境内外金融机构成功实施了300多个项目。目前服务的客户范围涵盖了国内 约70%的大中型金融机构。 凌志软件在公告中表示，本次交易事项尚处于筹划阶段，公司目前正与交易意向方接洽，交易对方的范 ...

凌志软件(688588)10月27日晚间公告，公司正在筹划通过发行股份及支付现金方式购买凯美瑞德（苏 州）信息科技股份有限公司（以下简称"凯美瑞德"）控股权并募集配套资金。 本次交易尚处于筹划阶段，截至本公告披露日，凯美瑞德的估值尚未最终确定，尚无法确定本次交易是 否构成重大资产重组。经公司申请，公司股票自10月28日（星期二）开市起开始停牌，预计停牌时间不 超过10个交易日。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688588 | 凌志软件 A 股 | 停牌 | 2025/10/28 | | | | 据官网介绍，凯美瑞德是国家级高新技术企业，也是国内资金、资管业务一体化系统领域内金融IT供应 商中的龙头企业，是国内在资金资管领域既拥有完整自主可控能力也能无缝整合国际产品解决方案，可 以实现自主创新和进口替代的金融IT企业。 官网信息同时显示，作为典型的金融科技型企业，凯美瑞德携手包括国家开发银行、中国农业发展银 行、中国邮政储蓄银行、建信金科、浦发 ...

一直以来，凌志软件坚持国际与国内市场"双轮驱动"的发展战略，在稳固对日业务基本盘的同时，积极 开拓国内业务。资料显示，公司于2023年通过重大资产重组收购智明软件，扩大了对日业务规模。此次 收购，将是公司在国内市场战略发展的重要落子。 值得注意的是，凯美瑞德自主研发的"VIVA-TCM资金交易与风险管理系统"成功入选工信部"2024年信 息技术应用创新解决方案"，并成为金融科技领域唯一入选"重点推荐解决方案"名单的项目。该系统已 实现从前台交易、中台风控到后台清算的全流程一体化管理，产品已完成与国内众多主流信创厂商深度 适配，并在多家大中型金融机构实现部署与应用，展现出在复杂金融核心场景中实现高兼容、高可靠的 国产替代综合能力。 凌志软件主要业务为对日软件开发及国内应用软件解决方案业务，业务范围涵盖了证券、保险、银行、 信托、资产管理等金融领域。在日本市场，凌志软件客户包括野村综研、TIS、大东建托等多家知名企 业，为野村证券、索尼生命保险、三菱UFJ信托银行等日本知名金融机构提供软件开发服务。在国内市 场，凌志软件客户覆盖国泰海通、申万宏源、嘉实基金、华泰期货等80多家国内金融机构。据财报显 示，公司202 ...

Group 1 - The financial technology sector experienced a broad increase, with the China Securities Financial Technology Theme Index rising over 1% during the morning session on the 21st [1] - Key stocks leading the gains included Yinzhijie, Shuiyou Co., and Geling Shentong, each rising over 3%, while several others, such as Caifu Trend and Zhongke Soft, increased by over 2% [1] - The financial technology ETF (159851), which has a scale exceeding 10 billion, continued to rebound by over 1% with significant premium and real-time net subscriptions of 54 million units [1][3] Group 2 - The financial IT sector combines financial and technological attributes, benefiting from increased market participation and improved institutional performance, which enhances IT budgets [3] - The financial technology ETF (159851) and its linked funds are recommended, as the index primarily consists of computer-related stocks, aligning with current investment trends towards self-sufficiency and domestic substitution [3] - As of October 20, the financial technology ETF (159851) had a scale exceeding 10 billion, with an average daily trading volume of 800 million over the past month, leading in scale and liquidity among seven ETFs tracking the same index [3]

Group 1 - A-shares showed resilience despite external pressures from US-China relations, with the market experiencing a low opening but rebounding at times, although trading volume remained subdued, indicating a cautious sentiment among investors [1] - The Shanghai Composite Index demonstrated relative stability, while the ChiNext Index fell nearly 10% over the week, reflecting a significant impact on growth stocks due to trade tensions and valuation adjustments [1] - The average daily trading volume in the A-share market decreased to 2.19 trillion yuan, with market performance characterized by financials outperforming consumer, cyclical, and growth sectors [1] Group 2 - The recent US tariff pressures have led to a cautious recovery in the domestic market, with expectations of a potential recovery in sentiment following Trump's statements on tariffs and meetings with Russia [2] - The domestic economic fundamentals remain stable, and with the backdrop of anticipated Fed rate cuts, there is a positive outlook for capital inflows into the equity market [2] - The upcoming earnings season and the "14th Five-Year Plan" window period are expected to provide some support to the market, despite ongoing challenges such as the US government shutdown and high debt levels [2] Group 3 - The market is undergoing a short-term style rebalancing, with a focus on technology sectors in the medium to long term, despite the limited impact of trade tensions on export data [3] - There is an expectation of intermittent rotation between technology and value styles, with technology sectors like AI and domestic replacements (semiconductors, energy storage, controllable nuclear fusion) remaining key areas of interest [3] - Non-bank sectors such as brokerage, insurance, and financial IT are anticipated to see improvements in both valuation and performance, while consumer sectors may also present opportunities due to valuation shifts [3]

Group 1 - The seminar themed "Quantum Computing + AI: Reshaping the New Paradigm of Financial Technology" was held in Beijing, hosted by Tianyang Technology, with participation from various companies including Capital Online and several quantum computing firms [1] - The seminar focused on two core themes: "Quantum Computing + AI: Building the 'Next Engine' for Financial Markets" and "Empowering New Productive Forces: Creating a Quantum Technology Industry Corps," aiming to provide a clear path for the transition of financial technology from traditional computing to a quantum + AI integrated approach [1] - Tianyang Technology disclosed its strategic layout, including exclusive permanent licensing for Algo market risk software and source code in mainland China, strategic investments in AI unicorn Magic Number, and the establishment of Hangzhou Tianrui Yangqi Technology Co., Ltd. in collaboration with Capital Online, forming a comprehensive layout around "data + algorithms + computing power" [1] Group 2 - The chairman and president of Tianyang Technology, Ouyang Jianping, stated that industry competition has evolved from "single product, solution, or technology competition" to "full industry chain ecological competition covering core technologies, application scenarios, computing power support, and industrial empowerment" [2] - Tianyang Technology is positioned favorably for the future due to its leading market position in current financial IT solutions and its strategic focus on quantum computing and AI, contributing to the development of a self-controllable quantum financial ecosystem [2] - The integration of "quantum computing + AI" technologies in financial scenarios is expected to trigger a new wave of transformation in the financial technology industry, with Tianyang Technology as a representative innovator leading this process and creating greater value for shareholders and the industry [2]

Core Viewpoint - The report from CITIC Securities highlights the resilience of Hengsheng Electronics' profit performance, with stock incentives anchoring long-term growth [1] Revenue and Profit Performance - In the first half of 2025, the company experienced a slight decline in revenue due to overall pressure on the financial IT sector, while profit benefited from a significant year-on-year increase in non-recurring profits, showcasing impressive growth [1] Product Development - Core products such as UF3.0 and O45 are making positive progress; Hengyun's core products are assisting Hong Kong clients in upgrading their core transaction settlement systems, presenting new business development opportunities [1] Market Position and Future Outlook - As a leader in the capital IT market, the company is expected to be a key beneficiary of the accelerated advancement of financial innovation and digital finance [1] Investment Rating - The company is given a "Buy" rating [1]

Core Viewpoint - The financial technology sector is experiencing significant activity, with multiple stocks showing strong performance, indicating a potential bullish trend in the market [1][3]. Group 1: Market Performance - Financial technology stocks are actively rising, with notable gains such as Geer Software hitting the daily limit and Xin'an Century increasing over 8% [1]. - The financial technology ETF (159851) has rebounded, with a price increase of over 1% and a real-time transaction volume exceeding 1 billion CNY [1][4]. Group 2: Industry Trends - The sentiment around domestic innovation (信创) is expected to continue expanding, potentially serving as a catalyst for the financial technology sector's recent performance [3]. - The financial technology sector is projected to benefit from a significant market opportunity, with the domestic innovation industry expected to reach a trillion-level scale by 2025 [3]. - The replacement of financial PCs and core systems is anticipated to be completed by the end of 2023, indicating a rapid pace of technological upgrades in the financial sector [3]. Group 3: Investment Opportunities - The financial technology ETF (159851) is highlighted as a key investment opportunity, with over 120 billion CNY in size and an average daily trading volume exceeding 10 billion CNY [4]. - The ETF's index primarily consists of computer-related stocks, aligning with the current trends of self-sufficiency and domestic substitution [3]. - The capital market's high activity level is seen as a major support factor for opportunities in the financial technology sector, with a focus on internet brokerages [3].