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People's Financial News, April 7 — Recently, industry insiders learned that the China Securities Association (CSA) has provided an analysis of securities firms' operational outlook for 2025. The CSA stated that by 2025, the main A-share indices will all have risen, with the average daily stock trading volume exceeding 1.70 trillion yuan, and the total transaction volume will have surpassed 400 trillion yuan for the first time, representing a year-on-year increase of over 60%.

People's Financial News, April 7 — Recently, industry insiders learned that the China Securities Association (CSA) has provided an analysis of securities firms' operational performance for the year 2025. The CSA states that in 2025, the entire industry's proprietary trading revenue reached 185.32B yuan, accounting for 34.24%. Among them, the scale of stock investments increased by 36.47% year-on-year, and the proportion of stock investments in total proprietary investments increased by 2.28 percentage points year-on-year.

"Can the performance bonus you received still be reclaimed?" As the annual reports of listed banks for 2025 are gradually disclosed, "reverse salary recovery"—that is, the retrieval of performance-based compensation—has once again become a focus of public attention.
According to statistics from JiJie News reporters, as of April 6, nearly all listed banks that have disclosed their 2025 annual reports mentioned the implementation of the performance compensation recovery mechanism. Among them, Bank of China (601988.SH, 03988.HK) had the largest recovery amount, exceeding 47 million yuan; Yibin Bank (02596.HK) had the smallest, only 2,300 yuan.
"The banking industry is a typical 'profit upfront, risk afterward' industry," a risk management officer from a joint-stock bank branch told JiJie News. "A loan can generate profit when issued, but the risk may only surface years later. For example,

The 2026 Qingming Festival holiday overlaps with spring break, creating a six-day consecutive break that stimulates consumer activity. The tourism, catering, retail, and other industries benefit significantly. Data shows a notable increase in travel and consumption, with rising demand for family trips and increased popularity of inbound tourism. Digital technology aids in transforming consumption, further driving domestic demand growth.

People's Financial News, April 7 — Regarding the news that "Samsung is spending 10 trillion Korean won to purchase 20 ASML EUV lithography machines," Samsung has responded that this information is not true, and the company has not made any related decisions to date.

JPMorgan CEO Jamie Dimon warned in the annual shareholder letter that the Trump administration's tough foreign policy has strained relations between the U.S. and its allies, emphasizing the need to stick to "America First" while strengthening cooperation. He pointed out the Middle East conflict and its impact on inflation and markets, warning of economic and credit risks, but remains optimistic about long-term economic potential and the development of artificial intelligence.

People's Financial News, April 7 — Tianhai Defense stated on the interactive platform on April 7 that the company has not yet participated in the construction of the "Far Sea Floating Island" project.

Hu'an Fund and Haifutong Fund's merger under the "one participation, one control" regulation has attracted much attention, with the market focusing on the licensing and compliance issues of both parties. Hu'an Fund needs to improve its stock investment performance and rebuild its team. Despite facing talent loss and management changes in recent years, compliance rectification must be strengthened. Future development remains uncertain.

People's Financial News, April 7 — The Shanghai International Energy Exchange has issued a notice regarding a full-market simulation for 20# rubber and international copper options. There will be two full-market drills for 20# rubber and international copper options on April 11, 2026 (Saturday) and April 18, 2026 (Saturday).

People’s Financial News, April 8—The Shenzhen Stock Exchange announced that, due to the end of the price stabilization period for Estun (02715.HK) in the Hong Kong market and the completion of 10 trading days since its A-share listing, the list of securities eligible for the Stock Connect program (Hong Kong Stock Connect) has been adjusted pursuant to the relevant provisions of the “Shenzhen-Hong Kong Stock Connect Business Implementation Measures” of the Shenzhen Stock Exchange. The adjustment takes effect from April 8, 2026, with Estun added to the list.

People's Financial News, April 7 — Recently, reporters learned from industry sources that the China Securities Association (CSA) has provided an analysis of the securities firms' operational outlook for 2025. The CSA states that by the end of 2025, the securities industry will have provided custody services for assets totaling 105.58 trillion yuan. The average net commission rate for securities brokerage and trading throughout the year decreased to 0.02%, with fee reductions and concessions showing significant results.

In the context of stock market volatility and declining yields, Bo Dao Fund has launched the "Fixed Income+" product to achieve steady returns through quantitative methods. Its new "Derivative" series funds will combine bonds and stocks, focus on risk control, emphasize absolute returns, and aim to provide investors with low volatility and stable returns.

People's Financial News, April 7 — Data released by Meituan Travel on April 7 shows that due to the overlapping effects of "Spring Break" and the Qingming holiday, various types of consumption such as dining, entertainment, and leisure at destinations have seen significant growth. Among them, cultural and tourism consumption from Sichuan and Jiangsu increased by 41% and 45%, respectively. Holiday travel not only boosted major scenic spots but also ignited consumer activity in urban shopping districts. The daily traffic on the "Must-Eat List" on Dianping increased by 111% compared to the same period last year. Nanchang, Yangzhou, Xuzhou, Jiaxing, Zhuhai, Quanzhou, Nantong, Shaoxing, Jinhua, and Taizhou were selected as the top 10 hot and trendy food cities during the holiday.

Recently, wealth management companies released their 2025 reports, with many firms experiencing significant growth in management scale, especially China Merchants Bank Wealth Management ranking third. The industry faces opportunities for residents to reallocate fixed deposits, and the expansion of distribution channels and product optimization are driving scale growth. While achieving performance improvements, some companies like Ping An Wealth Management are facing challenges of scale decline. Overall, enhancing investors' holding experience and sense of gain has become an important task for wealth management companies.

The transfer of trust company equity faces difficulties, with the recent listing price of New Era Trust's equity dropping to 1.19B yuan, only half of the initial listing price. Several trust companies' equity transfers have gone unclaimed, and industry insiders point out that tighter regulation and transformation pressures have led to declining valuations. In the future, the equity value will be closely linked to the trust company's operational quality and transformation capabilities.

As the 2025 annual reports of A-shares are gradually disclosed, the quality of annual reports of A-share listed companies has attracted external attention.
Wind data shows that as of 6:00 PM on April 7, 1,285 listed companies have disclosed their 2025 annual reports, and 1,278 of these companies received unqualified audit opinions from auditing firms, accounting for approximately 99.46%. Additionally, 7 companies received unqualified opinions with emphasis-of-matter paragraphs.
Industry insiders stated that the main reasons for issuing non-standard audit reports include significant uncertainties regarding ongoing operations, inability to assess the impact of investigation results on financial statements, restricted scope of audits, and major deficiencies in internal controls. Some companies receiving non-standard audit reports indicate issues in their finances, operations, or internal controls. After receiving a non-standard audit report, listed companies need to actively take steps to

People's Financial News, April 8 — Recently, Huainan Wantai Electronics Co., Ltd. (, referred to as "Wantai Co., Ltd.," and Hangzhou Hikvision Digital Technology Co., Ltd. ), referred to as "Hikvision," signed a strategic cooperation agreement in Hangzhou. This collaboration will focus on the core needs of industrial scenarios such as mining and coal chemical industries, leveraging technological synergy and innovative solutions to jointly develop industry-influential intelligent industrial solutions.

People's Financial News, April 8 — The Israeli military announced early today (April 8) that they detected a new round of Iranian missile attacks. (CCTV International News)

People's Financial News, April 8 — To effectively address issues such as "multiple queues" and "long waits" in medical payment processes, the National Healthcare Security Administration is promoting convenient payment methods including facial recognition payment, one-code payment, mobile payment, and credit payment. They have selected 119 coordinated regions as the first batch to advance these initiatives, aiming to significantly reduce waiting times for payments and effectively ease the burden of queuing and traveling for insured individuals.