功能焕新 从"规模情结"到"国之大者" 金融，国之重器。党的二十届四中全会对"十五五"时期加快建设金融强国提出明确要求，作出战略部 署。中国证监会主席吴清"国家兴衰，金融有责"之言，如晨钟暮鼓，醒人耳目。 国元证券党委书记、董事长沈和付日前在接受中国证券报记者专访时表示："国元证券必须置身于金融 强国的宏大叙事，置身于资本市场改革浪潮，置身于长三角高质量发展的火热实践，在时代潮头找准坐 标、实干笃行。我们不仅要把功能、专业、错位、风控、文化这五个方面作为'五新'要求写进国元证券 的'十五五'发展规划中，更要实实在在地落实到位。" ● 本报记者 徐昭 马爽 走出安徽，国元证券把新的支点放在黄浦江畔——上海业务总部正在全力建设，将与合肥总部遥相呼 应，形成"双核驱动、联动发展"的崭新棋局，如同架起一条贯通南北的"金融鹊桥"。依托这座桥头堡， 公司深度参与重大项目融资、国企改革、基础设施REITs试点和园区升级，锚定"产业研究+产业投资 +产业投行+综合财富管理"的黄金赛道，为安徽新兴产业发展注入源源不断的资本活水。 作为社会财富的"管理者"，证券行业功能发挥的水平直接关系到居民福祉。"我们要当好居民财富增长 的' ...

编者按 党的二十届四中全会着眼于中国式现代化全局，对金融强国建设和资本市场高质量发展作出重要部署， 为证券行业在新征程上把握方向、勇担使命提供了根本遵循。中国证监会主席吴清在近期召开的中国证 券业协会第八次会员大会上表示，证券行业要牢牢把握"国家兴衰，金融有责"的历史定位，认真落实党 的二十届四中全会关于金融机构"专注主业、完善治理、错位发展"的部署要求，把握机遇，勇立潮头， 争创一流。 当前，资本市场改革持续深化，证券行业正处在乘势而上、建设一流投资银行和投资机构的关键战略机 遇期，学习、宣传、贯彻党的二十届四中全会精神是当前和今后一个时期的重要政治任务。为此，中国 证券报联合中国证券业协会推出"证券公司学习宣传贯彻党的二十届四中全会精神"系列专题报道，聚焦 证券公司在强化功能发挥、提升专业能力、推进差异化发展、筑牢合规风控底线、厚植行业文化底蕴等 方面的实践探索与丰硕成果，生动展现证券公司作为资本市场重要践行者、改革排头兵、服务主力军的 责任担当与时代作为。本篇为系列报道第十五篇。 潮起江淮，风正帆悬。 党的二十届四中全会对"十五五"时期加快建设金融强国提出明确要求、作出战略部署。中国证监会主席 吴清"国 ...

Group 1: Company Strategy and Initiatives - The "Scientist Accompaniment Program" aligns with national strategies and aims to enhance "technology finance" services, focusing on differentiated competitive advantages [3] - The program has successfully promoted 23 cutting-edge technologies and invested over 2 billion RMB in 57 new productivity projects [4] - The company aims to establish a "1396" action plan to integrate industry research, investment, and wealth management [3] Group 2: Market Outlook and Business Performance - The average daily balance market share for margin trading reached 1.09% in the first half of 2025, a new high, with a year-on-year profit growth of 57.79% [6] - The company plans to enhance wealth management transformation and establish a differentiated service system to drive high-quality development in margin trading [6] Group 3: Dividend Policy and Shareholder Returns - Since 2007, the company has distributed a total of 10.237 billion RMB in cash dividends, with an average dividend payout ratio of 42.88% [7] - In the first half of 2025, the company distributed 698 million RMB in cash dividends, an increase of 40 million RMB from the previous year [7] - A mid-term dividend of 0.80 RMB per share (including tax) is planned for the second half of 2025, totaling 349 million RMB [7] Group 4: IPO Market Insights - The Hong Kong IPO market has become the largest globally in the first half of 2025, driven by policy optimization and increased quality asset supply [9] - The A-share IPO market is experiencing a slowdown due to stricter review requirements, focusing on quality over quantity [9] Group 5: Business Structure and Development - The "Self-Operated Business Committee" has been renamed to "Financial Market Business Committee" to reflect a broader business scope [8] - The restructuring aims to enhance service capabilities and integrate various financial products and services [10] - The company is committed to building a comprehensive financial ecosystem and enhancing its research-driven business development [11]

Core Viewpoint - The article emphasizes the role of the securities industry in supporting national strategies and enhancing financial supply-side reforms, highlighting the integration of financial services with the real economy to promote China's modernization [1]. Group 1: Industry Development and Strategy - The China Securities Regulatory Commission (CSRC) chairman Wu Qing stressed the importance of enhancing the professional service capabilities of industry institutions to support new productive forces and wealth management [2]. - Guoyuan Securities is focusing on both technology finance and inclusive finance, leveraging digital finance to improve professional service capabilities and accelerate the establishment of a first-class investment bank and investment institution [2]. Group 2: Technology Finance Initiatives - Guoyuan Securities is committed to exploring the integration of technological innovation and industrial innovation, launching the "Scientist Accompaniment Program" to provide comprehensive financial support for scientists' entrepreneurial ventures [3]. - As of June 2025, the program has successfully facilitated the industrialization of 23 cutting-edge technologies and invested over 2 billion in 57 new productive force projects, while also providing financing advisory services to 22 startups, resulting in over 300 million in financing [4]. Group 3: Investment and M&A Activities - Guoyuan Securities has established a dedicated M&A restructuring team focusing on strategic emerging industries and has completed over 400 service projects, including IPOs, refinancing, and M&A [4]. - The company is actively investing in key industries in Anhui, including partnerships with notable companies and potential IPO candidates [4]. Group 4: Wealth Management Transformation - The company is implementing a client-centered buy-side advisory model as a key initiative to enhance inclusive finance, aiming to provide comprehensive services throughout the client lifecycle [6]. - Guoyuan Securities is revamping its assessment system to align with the buy-side advisory model, focusing on metrics such as asset growth and client retention rather than commission-based income [6][7]. Group 5: Digital Finance and AI Integration - In 2024, Guoyuan Securities plans to develop an AI strategy, establishing a domestic intelligent computing platform and deploying various AI models to enhance digital financial capabilities [8]. - The company aims to apply AI technology across various business sectors, including investment banking and wealth management, to improve service efficiency and resource utilization [9].

Core Viewpoint - The article emphasizes the strategic initiatives of Guoyuan Securities in enhancing its professional service capabilities through technology finance and inclusive finance, aiming to build a leading investment bank and investment institution [1][2]. Group 1: Technology Finance Initiatives - Guoyuan Securities is focusing on the integration of technology innovation and industrial innovation, establishing a "scientist companion program" to provide comprehensive financial support for scientists' entrepreneurial ventures [2][3]. - As of June 2025, the "scientist companion program" has successfully facilitated the industrialization of 23 cutting-edge technologies and invested over 2 billion in 57 new productivity projects [3]. - The company has established a merger and acquisition restructuring team, focusing on strategic emerging industries and has completed over 400 service projects, including initial public offerings and bond financing [3]. Group 2: Inclusive Finance Strategy - Guoyuan Securities is implementing a buyer advisory model as a key initiative to enhance customer-centric financial services, aiming for a comprehensive service system covering all products and lifecycle stages [4][5]. - The company is restructuring its assessment system to align with the buyer advisory model, focusing on metrics such as asset growth and customer retention rather than commission-based income [4]. Group 3: Digital Finance Development - In 2024, Guoyuan Securities plans to build a domestic intelligent computing platform centered around Huawei Ascend chips, deploying various AI models to enhance digital financial capabilities [6][7]. - The company has already implemented digital capabilities in its operations, including the launch of the "Liao Yuan Intelligent Assistant" for efficient information retrieval and online services for institutional clients [6]. - By 2025, Guoyuan Securities aims to advance the application of large model technology across various business sectors, including investment banking and asset management [7].