Core Viewpoint - Zhongtai Securities is providing a guarantee of HKD 350 million for its wholly-owned subsidiary Zhongtai International to enhance its strength and promote overseas business development [2][5]. Group 1: Guarantee Details - The total guarantee amount provided by Zhongtai Securities for Zhongtai International is HKD 1 billion, including the current guarantee [2][4]. - The guarantee is part of a cooperation agreement signed with China Merchants Bank Jinan Branch, aimed at facilitating overseas bank loans for Zhongtai International [4][5]. - The guarantee period is set for 12 months [4]. Group 2: Financial Performance of Zhongtai International - In 2024, Zhongtai International reported revenues of HKD 435 million and a net loss of HKD 529 million [5]. - For the first quarter of the current year, Zhongtai International continued to incur losses, with revenues of HKD 110 million and a net loss of HKD 48.24 million [5]. - As of the end of the first quarter, Zhongtai International's total assets were HKD 7.929 billion, total liabilities were HKD 7.491 billion, and the net asset value was HKD 438 million, resulting in a high debt ratio of 94.47% [5]. Group 3: Business Operations and Future Outlook - Zhongtai International's main business includes overseas IPO sponsorship/underwriting, offshore bond underwriting, wealth management, and asset management [6]. - In 2024, Zhongtai International underwrote 21 IPO projects with a total amount of USD 64 million, ranking 11th in the Hong Kong market [6]. - The company plans to transform its wealth management business, enhance financial technology capabilities, and focus on key market areas for investment banking development in 2025 [6].

2024年底，一艘满载蓝莓、牛油果等秘鲁特产的货轮，缓缓驶入上海洋山港。 这艘货轮的出发点，是南美首个智慧港口钱凯港。 作为中秘共建"一带一路"在拉美地区的标志性工程，钱凯港可打通新兴市场供应链，构建"中国技术+拉 美资源"的合作闭环。 这背后，有着中国银行牵头多家同业紧密合作，围绕钱凯港开展的一系列融资、跨境结算、咨询等综合 金融服务。 作为提供跨境金融服务的老牌大行，钱凯港项目正是中国银行以金融触角深度服务国家高水平对外开放 的鲜明注脚。 党的二十届三中全会明确，"完善高水平对外开放体制机制"。产业链、供应链的全球化，对金融机构的 跨境服务体系提出更高要求，同时也形成了更广阔的发展空间。 2024年，中国银行已在境外（包含中国港澳台地区、其他国家和地区）设立543家分支机构，境外资产占 比达22.48%；其中，港澳台地区、其他国家和地区的利润增幅分别为13.07%、35.11%，一定程度上成为 中国银行夯实整体业绩的关键。 这一年，中国银行营收、归母净利增幅分别为1.38%、2.58%，平均总资产回报率（ROA）0.75%，净资产 收益率（ROE）9.50%，主要指标保持合理区间。 展望未来，面对国际环境 ...