21世纪经济报道 实习生 张长荣 记者 崔文静 中金公司的中金点睛数字化投研平台、中信证券的AI数字员工、中信建投的"八爪鱼"固收一体化智能平 台、华泰证券的"泰为"大模型平台…… 在7月26日至29日举办的2025世界人工智能大会上，四家头部券商集中展示了其在AI金融应用领域的最 新实践。 这些实践的背后，是中国AI产业的加速突破——今年以来，以DeepSeek为代表的自主大模型实现里程 碑式进展，标志着中国在AI模型层正从"追赶式创新"加快向"引领式创新"转变。 AI浪潮对券商的影响是多维度的。一方面，凭借低成本、高性能、全开源，它深刻重塑着券商行业。 另一方面，AI的发展也在牵引着金融与科技的融合向纵深推进。 随着大模型创新提速、以人形机器人为代表的具身智能持续升温，而这类前沿科技的突破，离不开科技 金融体系的支撑。 AI如何赋能金融行业？金融又如何支持科技创新？此次大会上，上述头部券商给出了亮眼答卷。 智能研报、分身员工成标配 如今，这样的场景已并不鲜见：当用户输入相关领域的关键词后，系统会快速整合行业动态、企业数 据、市场趋势等多维度信息，自动生成一篇包含专业图表、逻辑严谨的数万字深度研报，其分析深 ...

中金公司董事长陈亮在大会论坛上表示，科技与金融"双轮驱动"是推动中国经济高质量发展的关键引 擎。公司将继续深化金融科技应用，构建开放共享的数字服务生态。 风险提示：市场有风险，投资需谨慎。 本文源自：金融界 作者：A股君 中金公司最新股价报37.46元，较前一交易日上涨0.56%。盘中最高触及37.47元，最低下探36.80元，成 交金额达9.78亿元。 中金公司是中国领先的投资银行机构，业务范围涵盖投资银行、股票业务、固定收益、财富管理和投资 管理等领域。公司总部位于北京，在上海、深圳等国内主要城市设有分支机构，并在香港、纽约、伦 敦、新加坡等国际金融中心设有子公司。 在2025世界人工智能大会上，中金公司展示了"中金点睛"数字化投研平台及其大模型应用。该平台整合 了30余个研究团队成果，覆盖全球1800支个股，包含12万个精选数据指标和600多个特色数据源。平台 提供找数据、AI搜索、智能纪要三大核心功能，目前已开放限时自主注册通道。 ...

Core Insights - Major securities firms showcased their AI advancements at the 2025 World Artificial Intelligence Conference, highlighting the integration of AI technology into various business scenarios within the securities industry [1] Group 1: Citic Securities - Citic Securities launched the industry's first AI-driven market value management system, CapitAI-Link, which combines AI algorithms with market value management to provide personalized decision support for listed companies [2] - The firm is also advancing its AI digital employee system, aiming to enhance efficiency and collaboration in financial services by providing each employee with multiple digital assistants [2] Group 2: CICC (China International Capital Corporation) - CICC presented its self-developed digital investment research platform, "CICC Insight," at the conference, emphasizing the role of AI in driving the transformation of the financial sector [3] - The company has supported over 50 companies listed on the Sci-Tech Innovation Board, with a total financing amount exceeding 200 billion yuan, accounting for about 20% of the board's IPO financing [3][4] Group 3: CITIC Construction Investment - CITIC Construction Investment released a deep research report on AI and industry development, indicating that AI models are evolving towards greater efficiency and reliability [5][6] - The report covers the entire AI industry chain, from foundational computing infrastructure to application scenarios, aiming to identify investment opportunities across hardware and software [6] Group 4: Huatai Securities - Huatai Securities focused on investment opportunities in the agent economy during its forum, noting that AI agents can operate 24/7 and interact faster than humans [7] - The firm highlighted that the AI chip market for data centers is projected to reach 178.2 billion USD in 2024, with a year-on-year growth of 77%, surpassing the PC and smartphone chip markets [7] - It is suggested to monitor investment opportunities in the server supply chain, as well as addressing infrastructure bottlenecks that currently limit AI development [8]

Core Viewpoint - The article highlights the significant advancements and applications of AI technology in the securities industry, showcased by leading brokerage firms at the 2025 World Artificial Intelligence Conference [2]. Group 1: Citic Securities - Citic Securities launched the first market-level AI system for market value management, named CapitAI-Link, which combines AI algorithms with market value management to provide personalized decision support for listed companies [4]. - The firm is also advancing its AI digital employee system, which aims to enhance efficiency and collaboration in financial services by providing each employee with digital assistants, thereby increasing productivity [4]. Group 2: CICC (China International Capital Corporation) - CICC presented its self-developed digital investment research platform, "CICC Insight," at the conference, emphasizing the role of AI in driving intelligent investment research [6][10]. - The company has supported over 50 companies listed on the Sci-Tech Innovation Board, with a total financing scale exceeding 200 billion yuan, accounting for about 20% of the total IPO financing on the board [9]. Group 3: Citic Jinsheng - Citic Jinsheng released a deep research report titled "AI New Era: Forge Ahead," which discusses the evolution of AI large models and their implications across the industry [11]. - The report outlines the development of AI models and applications, emphasizing the need for a comprehensive understanding of the AI industry from foundational infrastructure to end-user applications [12]. Group 4: Huatai Securities - Huatai Securities focused on investment opportunities in the agent economy during its forum, highlighting the potential of AI agents to operate continuously and interact more rapidly than humans [14]. - The report indicates that the AI chip market for data centers is projected to reach 178.2 billion dollars in 2024, reflecting a 77% year-on-year growth, surpassing the markets for PC and smartphone chips [15].

Group 1: AI and Financial Technology Integration - Major securities firms showcased their latest achievements in AI and financial technology at the World Artificial Intelligence Conference (WAIC) held from July 26 to 29, 2025, in Shanghai [1] - Notable reports included a 400,000-word deep research report by CITIC Securities and various studies by Huatai Securities and CICC focusing on AI applications and digital investment research platforms [1] - The event highlighted the acceleration of digital transformation in the industry, with AI expected to expand the business boundaries of securities firms and enhance industry competitiveness [1] Group 2: Equity Fund Performance - In the past year, 54 equity funds achieved over 100% returns, reflecting a rebound in the A-share market and strong performance in the Hong Kong stock market [2] - The average return for equity funds was 30.93%, while QDII equity funds averaged 36.74%, with the CSI 300 and Hang Seng indices rising by 21.41% and 49.3%, respectively [2] - The surge in high-performing funds indicates a recovery in market risk appetite, which is likely to boost activity in the securities and wealth management sectors [2] Group 3: National Securities Acquisition - Guosen Securities plans to acquire 96.08% of Wanhua Securities for a transaction price of 5.192 billion yuan, adjusting the share issuance price to 8.25 yuan per share [3] - The number of shares to be issued was revised from 604 million to 629 million, representing 6.14% of the total share capital post-issuance [3] - This acquisition is expected to enhance Guosen's competitive position and may lead to increased consolidation within the brokerage sector [3] Group 4: Board Changes at Guosen Securities - Guosen Securities announced the appointment of Hu Hao as a non-independent director and the election of Yi Longxin as an independent director [4] - The management changes may lead to strategic optimization and improved governance structure within the company [4] - The ongoing reforms in the capital market and the stable fundamentals of the brokerage industry may foster a more positive market sentiment [4]

Core Viewpoint - The 2025 World Artificial Intelligence Conference (WAIC) showcased advancements in AI and fintech from leading brokerages, highlighting the rapid evolution and application of AI technologies across various sectors [1][2]. Group 1: AI Development Trends - AI large models are evolving towards being more powerful, efficient, and reliable, with a significant increase in reasoning model depth and an explosion of intelligent agent models expected by 2025 [4][6]. - The report emphasizes that 2025 will be a pivotal year for AI application acceleration, with a much faster penetration rate compared to the internet era, particularly in B-end applications [4][6]. - The AI industry is witnessing a shift towards a comprehensive understanding of the AI vertical industry chain, from foundational computing infrastructure to application scenarios [6][8]. Group 2: Investment Opportunities - The AI agent economy is emerging as a key investment opportunity, with the market for AI applications expected to grow significantly, driven by the increasing interaction speed between AI agents [10][12]. - The global data center market for AI chips is projected to reach $178.2 billion by 2024, indicating a 77% year-on-year growth, highlighting the shift in market dynamics towards AI hardware [11][12]. - The report from Zhongjin Company discusses the dual scale effects of AI development, suggesting that China can leverage its talent and market potential to overcome computational limitations [14]. Group 3: Company Innovations - Zhongxin Securities introduced the first AI algorithm and market value management platform, CapitAI-Link, aimed at enhancing internal employee efficiency through AI digital employees [16][18]. - The AI digital employees at Zhongxin Securities are designed to improve collaboration in financial services, covering various roles from travel assistance to wealth management [17][18]. - Huatai Securities focused on the practical applications of AI agents, emphasizing the need for investment in AI technologies that can operate continuously and interact more rapidly than humans [9][10].

Core Insights - The World Artificial Intelligence Conference focused on the theme "Technology Finance Promotes AI Development," emphasizing the internationalization, industrialization, and capitalization trends of general artificial intelligence [1][3] - The conference gathered experts, policymakers, investors, and leading AI entrepreneurs to foster innovation and support the development of the AI industry [1] Group 1: Company Initiatives - China International Capital Corporation (CICC) has supported over 50 companies listed on the Sci-Tech Innovation Board, raising more than 200 billion yuan, which accounts for approximately 20% of the total IPO financing on the board [3] - CICC has invested in over 1,100 hard technology projects, with a cumulative investment exceeding 90 billion yuan [3] - CICC's research department introduced its self-developed digital investment research platform and large model at the conference [1] Group 2: Investment Opportunities - Cyrus Hodes highlighted a significant funding gap in AI safety, with global AI investment expected to exceed 360 billion dollars by the end of 2025, while investments specifically for AI safety are only between 110 to 130 million dollars, indicating a nearly 2,800-fold gap [4] - The AI security technology market is projected to double annually before 2030, with China potentially earning 53 billion dollars annually from this sector by 2030 [4] Group 3: Industry Trends - The rapid development of AI in China is evidenced by over 2,400 AI-related companies in Beijing alone by 2024, showcasing strong technological industrialization capabilities [5] - New trends in AI development include breakthroughs beyond simple pre-training models, with advancements in multimodal data quality, synthetic data applications, and internalization of intelligent agents [5] - The emergence of new entrepreneurial models, such as "one-person companies," is becoming a highlight in the AI startup landscape due to their small scale, rapid iteration, and high efficiency [5] Group 4: Economic Perspectives - CICC's chief economist discussed the dual scale effects of AI development, where diminishing marginal returns provide opportunities for latecomers, while economies of scale may create advantages for early entrants [6] - To address the computational power gap, China needs to leverage algorithmic innovation and capitalize on its talent and market potential [6] - The establishment of a "patient capital" ecosystem is essential, involving government funding, social capital, and optimized regulatory environments to promote deep integration of AI with the real economy [6]

Core Viewpoint - CICC is showcasing its digital investment research platform, CICC Insight, at the 2025 World Artificial Intelligence Conference, emphasizing its commitment to integrating technology into financial services and enhancing research capabilities through AI [3][5]. Group 1: Company Overview - CICC, established in 1995, provides diversified financial services, including investment banking, asset management, and private equity, supported by a strong research and technology foundation [1]. Group 2: CICC Insight Platform - CICC Insight integrates the expertise of over 30 research teams and covers more than 1,800 stocks, offering research reports, data indicators, and financial models to enhance investment decision-making [5]. - The platform features a data indicator library with over 120,000 data points and covers more than 600 unique data sources, aiding investors in understanding industry trends and competitive landscapes [5]. - CICC Insight's AI model offers three core functionalities: data retrieval, AI search, and intelligent meeting minutes, enhancing the research team's capabilities and extending service offerings [5]. Group 3: Event Participation - CICC will participate in the "Technology Finance to Advance AI Development" forum at the World Artificial Intelligence Conference, featuring discussions on AI's internationalization, industrialization, and capitalization trends [6][10]. - The forum will include keynote speeches and a roundtable discussion with industry leaders, focusing on the transformative impact of AI on various sectors [12][15].