请说明国有股东办理国有股标识情况。 智通财经APP获悉，1月9日，中国证监会发布《境外发行上市备案补充材料要求(2026年1月5日—2026 年1月9日)》。中国证监会国际司共对10家企业出具补充材料要求，其中，要求首创证券(601136.SH)补 充说明国有股东办理国有股标识情况。据港交所2025年10月16日披露，首创证券股份有限公司向港交所 主板提交上市申请书，中信证券、中国银河国际、中信建投国际、中银国际为联席保荐人。 证监会请首创证券补充说明以下事项，请律师核查并出具明确的法律意见： 据招股书，首创证券是一家价值创造能力领先，资产管理能力突出，追求特色化、差异化发展的金融服 务商。该公司立足北京、服务全国，打造了一站式金融服务平台，拥有多元且稳定增长的客户群体。 ...

请说明国有股东办理国有股标识情况。 智通财经APP获悉，1月9日，中国证监会发布《境外发行上市备案补充材料要求(2026年1月5日—2026 年1月9日)》。中国证监会国际司共对10家企业出具补充材料要求，其中，要求首创证券(601136.SH)补 充说明国有股东办理国有股标识情况。据港交所2025年10月16日披露，首创证券股份有限公司向港交所 主板提交上市申请书，中信证券、中国银河国际、中信建投国际、中银国际为联席保荐人。 证监会请首创证券补充说明以下事项，请律师核查并出具明确的法律意见： 据招股书，首创证券是一家价值创造能力领先，资产管理能力突出，追求特色化、差异化发展的金融服 务商。该公司立足北京、服务全国，打造了一站式金融服务平台，拥有多元且稳定增长的客户群体。 ...

Group 1 - Robinhood Markets' stock price has surged approximately 450% since Trump's election victory in November, making it the largest gainer among companies with a market cap of over $10 billion ahead of the 2024 election [1] - In contrast, the S&P 500 index has only increased by 17% during the same period [1] Group 2 - Robinhood's current valuation stands at 62 times its future earnings, significantly higher than the average of 22 times for similar platforms, raising concerns about potential stock price corrections if performance falls short of expectations [3] - Analysts believe that Robinhood must deliver results that exceed expectations to sustain its current stock price level [3] Group 3 - The Trump administration's policies have positively impacted Robinhood, particularly through an executive order supporting the cryptocurrency industry, which has boosted trading volumes on the platform [4] - In April, Robinhood's stock trading volume surged by 123% year-over-year, driven by increased market volatility and retail traders pursuing emerging popular stocks [4] - The company is transitioning from a stock trading platform to a comprehensive financial services provider, with recent expansions into global prediction markets [4][5] Group 4 - The prediction market activities are expected to increase significantly during the 2024 presidential election, with platforms like Kalshi and Polymarket facilitating billions in bets on election outcomes, which Robinhood views as a growth opportunity [5] - Despite its strong performance, Robinhood faces scrutiny over its high valuation, with market executives expressing renewed caution regarding risk assets [6] Group 5 - Concerns have been raised about whether Robinhood's fundamentals reflect a cyclical strength, while its valuation suggests unproven cross-cycle durability [7] - Key questions remain about how much of the future performance is already priced into the stock, with analysts indicating that substantial outperformance is necessary for the next round of stock price increases [7]

Core Viewpoint - The company has submitted its H-share listing application to the Hong Kong Stock Exchange, aiming to enhance its capital strength and competitiveness while supporting its core business development and digital transformation initiatives [1] Group 1: H-Share Listing - The company officially submitted its H-share listing application to the Hong Kong Stock Exchange on October 16 [1] - The funds raised from the listing will be used to support asset management and investment businesses, strengthen IT and technology investments, and promote digital transformation [1] - The company aims to enhance its capital strength, integrate international resources, and increase its international influence through this listing [1] Group 2: Financial Performance - According to a report by Frost & Sullivan, the company ranks fifth in revenue and tenth in net profit compound annual growth rate among 42 A-share listed securities companies from 2022 to 2024 [2] - The company ranks first in total asset return and seventh in non-diluted weighted net asset return among A-share listed securities companies for 2024 [3] Group 3: Market Position - The company has established a one-stop financial service platform and has a diverse and stable customer base [1] - It has maintained a good development trend and has become a leading financial service provider with strong value creation and asset management capabilities [1]