2025 年，香港资本市场重新走进国际投资者的目光。随着美国通胀降温、全球流动性改善，以及亚洲 区内科技及製造业链回流，香港市场交投量回升、新股上市活动增加，呈现出实质復甦迹象。百惠金控 指出，港股目前估值仍处吸引水平，加上离岸人民币需求增加，使香港再次成为全球资金佈局的重要节 点。 今年多宗新股录得不俗的超额认购成绩，特别是科技、金融科技及高端製造企业成为市场焦点。百惠金 控分析，部分企业成功吸引大量国际基金认购，反映投资者正寻找具增长故事且估值合理的标的，而香 港正提供这样的上市与融资平台。 随着中国及国际科技企业加大在港投资力度，包括数据中心部署、模型训练人才引入和跨境金融科技合 作，香港正深化"超级联系人"的重要角色。 国际市场上，OpenAI 拟启动全球 IPO 计划的消息更点燃 AI 概念估值想像空间，市场普遍预期 AI 相关 产业链会迎来下一轮资金追捧。据悉，目前全球创投资金投放到AI的规模超过1900亿美元。百惠金控 认为，香港若能吸引更多 AI、半导体及数据处理企业考虑在港上市，可望形成跨产业的正向循环： IPOs 带来资金、研发带来技术、应用带来需求，进一步巩固香港在亚洲科技金融中的地位。 ...

Core Viewpoint - The strategic cooperation agreement between Baihui Financial Holdings and Gaishi Automotive aims to leverage financial and industrial synergies to enhance the integration of Gaishi's automotive resources with Baihui's financial expertise, promoting mutual benefits and growth in the capital market [1][2]. Group 1: Strategic Cooperation - Baihui Financial Holdings and Gaishi Automotive signed a strategic cooperation agreement to focus on deep integration of resources [1]. - The partnership will facilitate a one-stop solution for companies on the Gaishi platform regarding their IPO processes in the Hong Kong market [1][2]. - Both parties aim to enhance brand visibility on the international capital stage through this collaboration [1]. Group 2: Company Profiles - Gaishi Automotive, established in 2007, is a leading automotive industry information service platform utilizing advanced technologies like the internet, 5G, and AI to connect supply chain data and industry research [1]. - Baihui Financial Holdings is a key player in the capital market, providing comprehensive corporate financing services, including IPO sponsorship and compliance advisory [1][2]. Group 3: Market Context - The Hong Kong IPO market is currently active, with strategic emerging industries, particularly automotive and parts companies, experiencing a surge in listings [2]. - Baihui Financial Holdings' CEO highlighted the favorable conditions in the Hong Kong capital market, indicating a golden opportunity for global financing [2]. - The collaboration is expected to inject new momentum into the high-quality development and internationalization of the automotive industry [2].

Core Viewpoint - The company reported a significant increase in revenue and profit for the six months ending June 30, 2025, driven by effective internal management and growth in its core enterprise financing business [1] Financial Performance - Total revenue reached HKD 398 million [1] - Shareholder profit amounted to HKD 103 million, representing a year-on-year increase of 16.09% [1] - Basic earnings per share were HKD 0.0142 [1] Business Segments - Revenue from the enterprise financing business was HKD 90.08 million, a substantial increase of 84.89% compared to HKD 48.72 million in 2024 [1]

Group 1 - The core viewpoint of the articles highlights the financial performance of the company, with a reported revenue of 398.25 million HKD and a net profit of 102.93 million HKD for the six months ending June 30, 2025, reflecting a year-on-year growth of 16.08% in profitability [1] - The significant growth in profit is attributed to the company's efficient internal management system, robust asset quality, and increased revenue from core corporate financing activities [1] - Corporate financing revenue reached 90.08 million HKD, marking an impressive year-on-year increase of 84.89%, with debt securities placement, underwriting, and syndication commissions contributing 85.24 million HKD, a 120.37% increase from the previous year [1] Group 2 - Looking ahead to the second half of 2025, the company plans to adhere to a principle of "steady operation and progress," seizing strategic opportunities in the rapidly evolving digital asset sector [2] - The company aims to develop a diverse and balanced wealth management product matrix, focusing on institutional clients and enhancing cross-border financial service capabilities [2] - The company will accelerate the innovation of asset management products to meet diverse client needs, leverage its brand and professional advantages in bond underwriting, and capitalize on the warming of the Hong Kong stock market to enhance business competitiveness [2] - A commitment to a "neutral and stable" low-volatility investment strategy will be maintained, with a focus on risk control and diversified investment types to capture market rotation opportunities [2] - The company emphasizes compliance and risk management, optimizing resource allocation, and building a professional, market-oriented, and international talent pool while adhering to green finance principles for sustainable development [2]

Core Insights - The company reported total revenue of HKD 398 million for the six months ending June 30, 2025, with a net profit attributable to shareholders of HKD 103 million, representing a year-on-year increase of 16.09% [1] - The growth in profit is attributed to the company's efficient internal management system, strong asset quality, and increased revenue from its core corporate financing business [1] - Corporate financing business revenue reached HKD 90.08 million, up 84.89% from HKD 48.72 million in 2024 [1]