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<div class="text-center mb-12">
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<h1 class="text-4xl font-bold text-gray-800 mb-4">中概股回归概念</h1>
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<p class="text-xl text-gray-600 max-w-3xl mx-auto">从政策驱动的避险行为升级为市场化估值修复的主动选择</p>
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<!-- 概念事件部分 -->
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-history text-purple-600 mr-3"></i>概念事件
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</h2>
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<div class="mb-6">
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<h3 class="text-lg font-semibold text-gray-700 mb-2">背景</h3>
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<p class="text-gray-600 leading-relaxed">
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中概股回归指在美国上市的中国企业因监管压力（如《外国公司问责法》HFCA）、地缘风险或估值折价，选择回流港股或A股上市。2018年至今，<span class="font-semibold text-purple-600">33家中概股已回归港股</span>（21家双重主要上市，12家二次上市），头部企业（市值前25%）中<span class="font-semibold text-purple-600">73%已实现两地上市</span>（45%双重上市，26%二次上市）。
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</p>
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<div>
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<h3 class="text-lg font-semibold text-gray-700 mb-4">催化事件时间轴</h3>
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<div class="timeline-dot"></div>
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<div class="bg-purple-50 rounded-lg p-4">
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<p class="font-semibold text-purple-700">2025-05-07</p>
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<p class="text-gray-600">证监会主席吴清明确表态"支持优质中概股回归内地和香港市场"，叠加港股通扩容和流动性支持工具（LMM）推出，政策信号强化。</p>
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<div class="mb-6 relative">
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<div class="timeline-dot"></div>
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<div class="bg-purple-50 rounded-lg p-4">
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<p class="font-semibold text-purple-700">2025-06-06</p>
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<p class="text-gray-600">证券时报指出港元汇率触及强方兑换保证，资金流入港股，中概股回归从"被动避险"转向"主动布局"。</p>
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<div class="relative">
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<div class="timeline-dot"></div>
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<div class="bg-purple-50 rounded-lg p-4">
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<p class="font-semibold text-purple-700">2025-06</p>
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<p class="text-gray-600">港股通纳入阿里巴巴等中概股，南下资金单日净流入<span class="font-semibold text-purple-600">超400亿港元</span>（占港股日均成交额1/3），流动性压力测试通过。</p>
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<!-- 核心观点摘要 -->
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<div class="highlight-box rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-lightbulb text-yellow-500 mr-3"></i>核心观点摘要
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中概股回归已从<span class="font-bold text-purple-600">政策驱动的避险行为</span>升级为<span class="font-bold text-purple-600">市场化估值修复的主动选择</span>。当前处于"<span class="font-bold text-purple-600">政策落地+流动性验证</span>"的关键阶段，<span class="font-bold text-purple-600">港股流动性改善</span>（日均成交额1500亿港元）和<span class="font-bold text-purple-600">A股CDR通道预期</span>是核心驱动力。未来6个月，<span class="font-bold text-purple-600">双重上市/二次上市企业</span>（如阿里、京东、美团）将优先受益，而<span class="font-bold text-purple-600">未上市中概股私有化</span>可能成为次要路径。
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<!-- 核心逻辑与市场认知分析 -->
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-brain text-blue-600 mr-3"></i>核心逻辑与市场认知分析
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<h3 class="text-lg font-semibold text-blue-700 mb-3">核心驱动力</h3>
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<span class="text-gray-700"><span class="font-semibold">政策确定性</span>：吴清表态+港股通扩容（2025-06纳入阿里）形成"监管背书+资金通道"双保险。</span>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-blue-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">估值修复</span>：恒生科技指数PE仅<span class="font-bold text-blue-600">20倍</span>（纳指40倍），中概股ETF（KWEB）资金净流入创<span class="font-bold text-blue-600">3年新高</span>（2024-09单周流入<span class="font-bold text-blue-600">12亿美元</span>）。</span>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-blue-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">流动性验证</span>：港元强方兑换保证触发金管局干预，外资回流港股，<span class="font-bold text-blue-600">港交所（0388.HK）</span>日均成交额同比增<span class="font-bold text-blue-600">35%</span>。</span>
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</ul>
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</div>
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<div class="bg-green-50 rounded-lg p-4">
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<h3 class="text-lg font-semibold text-green-700 mb-3">市场热度与情绪</h3>
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<ul class="space-y-2">
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<i class="fas fa-chart-line text-green-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">新闻热度</span>：2025-04至06期间，"中概股回归"关键词搜索量环比增<span class="font-bold text-green-600">180%</span>（百度指数）。</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-exclamation-triangle text-yellow-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">分歧点</span>：市场担忧港股容量不足（需日均增400亿港元成交），但路演测算显示<span class="font-bold text-green-600">短期冲击可控</span>（天风策略：退市风险贡献跌幅仅10%-20%）。</span>
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</li>
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</ul>
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</div>
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</div>
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<div class="bg-yellow-50 rounded-lg p-4">
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<h3 class="text-lg font-semibold text-yellow-700 mb-3">预期差</h3>
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<ul class="space-y-2">
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<li class="flex items-start">
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<i class="fas fa-search text-yellow-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">忽略的关键</span>：未上市中概股（如部分中小市值公司）<span class="font-bold text-yellow-600">私有化概率更高</span>（因难达标二次上市），但市场聚焦已上市标的。</span>
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<li class="flex items-start">
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<i class="fas fa-rocket text-yellow-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">政策超预期</span>：CDR（中国存托凭证）细则或加速推出（参考2025-05证监会"创造条件支持回归"表述）。</span>
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</div>
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</div>
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<!-- 关键催化剂与未来发展路径 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-rocket text-red-600 mr-3"></i>关键催化剂与未来发展路径
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-red-50 rounded-lg p-4">
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<h3 class="text-lg font-semibold text-red-700 mb-3">近期催化剂（3-6个月）</h3>
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<ul class="space-y-3">
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<li class="flex items-start">
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<div class="bg-red-100 rounded-full p-2 mr-3">
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<i class="fas fa-calendar-alt text-red-600"></i>
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</div>
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<p class="font-semibold text-gray-800">2025-Q3</p>
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<p class="text-gray-600 text-sm">恒生科技指数成分股调整，<span class="font-bold text-red-600">二次上市中概股</span>权重或提升（阿里、京东纳入港股通后需调仓）。</p>
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</div>
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</li>
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<li class="flex items-start">
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<div class="bg-red-100 rounded-full p-2 mr-3">
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<i class="fas fa-calendar-alt text-red-600"></i>
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</div>
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<p class="font-semibold text-gray-800">2025-09</p>
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<p class="text-gray-600 text-sm">美联储降息预期升温，外资再平衡资金或增配港股中概（民生海外：对冲基金中国持仓已降至<span class="font-bold text-red-600">2%</span>历史低位）。</p>
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</li>
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</ul>
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<div class="bg-indigo-50 rounded-lg p-4">
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<h3 class="text-lg font-semibold text-indigo-700 mb-3">长期路径</h3>
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<ul class="space-y-3">
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<li class="flex items-start">
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<div class="bg-indigo-100 rounded-full p-2 mr-3">
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<i class="fas fa-flag text-indigo-600"></i>
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</div>
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<div>
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<p class="font-semibold text-gray-800">阶段1（2025-2026）</p>
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<p class="text-gray-600 text-sm">双重上市/二次上市企业完成港股定价权转移（如腾讯、美团）。</p>
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</div>
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</li>
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<li class="flex items-start">
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<div class="bg-indigo-100 rounded-full p-2 mr-3">
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<i class="fas fa-flag text-indigo-600"></i>
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</div>
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<div>
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<p class="font-semibold text-gray-800">阶段2（2027后）</p>
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<p class="text-gray-600 text-sm">未上市中概股通过<span class="font-bold text-indigo-600">私有化+科创板IPO</span>回流（需关注CDR细则落地）。</p>
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</div>
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</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- 产业链与核心公司深度剖析 -->
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<div class="bg-white rounded-xl card-shadow p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
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<i class="fas fa-project-diagram text-teal-600 mr-3"></i>产业链与核心公司深度剖析
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</h2>
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<div class="mb-6">
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<h3 class="text-lg font-semibold text-gray-700 mb-3">产业链图谱</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="bg-teal-50 rounded-lg p-4 text-center">
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<i class="fas fa-building text-teal-600 text-2xl mb-2"></i>
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<h4 class="font-semibold text-teal-700">上游</h4>
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<p class="text-gray-600 text-sm">投行（中金、华泰）、律所（港股IPO服务）</p>
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</div>
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<div class="bg-teal-50 rounded-lg p-4 text-center">
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<i class="fas fa-exchange-alt text-teal-600 text-2xl mb-2"></i>
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<h4 class="font-semibold text-teal-700">中游</h4>
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<p class="text-gray-600 text-sm">已回归中概股（阿里、京东、美团）</p>
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</div>
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<div class="bg-teal-50 rounded-lg p-4 text-center">
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<i class="fas fa-coins text-teal-600 text-2xl mb-2"></i>
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<h4 class="font-semibold text-teal-700">下游</h4>
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<p class="text-gray-600 text-sm">港股流动性提供方（港交所）、A股CDR通道（潜在）</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-lg font-semibold text-gray-700 mb-3">核心玩家对比</h3>
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<div class="overflow-x-auto">
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<table class="min-w-full bg-white">
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<th class="py-2 px-4 border-b text-left">公司</th>
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<th class="py-2 px-4 border-b text-left">回归方式</th>
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<th class="py-2 px-4 border-b text-left">优势</th>
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<th class="py-2 px-4 border-b text-left">风险</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td class="py-2 px-4 border-b font-semibold text-teal-600">阿里巴巴</td>
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<td class="py-2 px-4 border-b">双重上市</td>
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<td class="py-2 px-4 border-b">港股通纳入+回购<span class="font-bold text-teal-600">250亿美元</span></td>
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<td class="py-2 px-4 border-b">电商增速放缓（Q2 GMV增17%）</td>
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</tr>
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<tr class="bg-gray-50">
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<td class="py-2 px-4 border-b font-semibold text-teal-600">美团-W</td>
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<td class="py-2 px-4 border-b">二次上市</td>
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<td class="py-2 px-4 border-b">本地生活垄断+到店业务利润增<span class="font-bold text-teal-600">50%</span></td>
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<td class="py-2 px-4 border-b">抖音竞争加剧</td>
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</tr>
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<tr>
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<td class="py-2 px-4 border-b font-semibold text-teal-600">港交所</td>
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<td class="py-2 px-4 border-b">基础设施</td>
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<td class="py-2 px-4 border-b">中概股回归直接受益（日均成交增<span class="font-bold text-teal-600">35%</span>）</td>
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<td class="py-2 px-4 border-b">市场波动影响交易量</td>
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</tr>
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</tbody>
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</table>
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</div>
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</div>
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<div class="mt-6 grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-green-50 rounded-lg p-4">
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<h3 class="text-lg font-semibold text-green-700 mb-3">验证与证伪</h3>
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<ul class="space-y-2">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-500 mt-1 mr-2"></i>
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<span class="text-gray-700"><span class="font-semibold">数据印证</span>：阿里港股通纳入后，<span class="font-bold text-green-600">南下资金持仓占比升至8%</span>（天风海外）。</span>
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</li>
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<li class="flex items-start">
|
||
<i class="fas fa-times-circle text-red-500 mt-1 mr-2"></i>
|
||
<span class="text-gray-700"><span class="font-semibold">风险信号</span>：部分中小中概股（如斗鱼）选择<span class="font-bold text-red-600">特别分红</span>而非回归，反映私有化倾向。</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-yellow-600 mr-3"></i>潜在风险与挑战
|
||
</h2>
|
||
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-2 px-4 border-b text-left">风险类型</th>
|
||
<th class="py-2 px-4 border-b text-left">具体表现</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="py-2 px-4 border-b font-semibold text-yellow-600">技术风险</td>
|
||
<td class="py-2 px-4 border-b">港股交易系统承压（需日均增400亿港元成交），但测试显示<span class="font-bold text-yellow-600">短期可消化</span>。</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-2 px-4 border-b font-semibold text-yellow-600">商业化风险</td>
|
||
<td class="py-2 px-4 border-b">未上市中概股<span class="font-bold text-yellow-600">难达标二次上市</span>（如收入、市值门槛），私有化成本高昂。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-2 px-4 border-b font-semibold text-yellow-600">政策风险</td>
|
||
<td class="py-2 px-4 border-b">中美审计监管反复（HFCA退市条款最早2026年执行，但SEC有缓冲空间）。</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-2 px-4 border-b font-semibold text-yellow-600">信息矛盾</td>
|
||
<td class="py-2 px-4 border-b">路演认为退市风险影响有限（跌幅贡献10%-20%），但新闻强调"<span class="font-bold text-yellow-600">化被动为主动</span>"布局。</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="gradient-bg rounded-xl p-6 mb-8 text-white">
|
||
<h2 class="text-2xl font-bold mb-4 flex items-center">
|
||
<i class="fas fa-chart-line text-yellow-300 mr-3"></i>综合结论与投资启示
|
||
</h2>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-2">阶段判断</h3>
|
||
<p class="text-white text-opacity-90 leading-relaxed">
|
||
中概股回归已从<span class="font-bold text-yellow-300">主题炒作</span>（2020-2022年政策恐慌）进入<span class="font-bold text-yellow-300">基本面驱动</span>（2025年流动性+估值修复）阶段。
|
||
</p>
|
||
</div>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-3">投资方向</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-semibold text-yellow-300 mb-2">高确定性</h4>
|
||
<p class="text-sm text-white text-opacity-90"><span class="font-bold">港交所（0388.HK）</span>——中概股回归的"卖水人"，估值20倍PE（历史低位）。</p>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-semibold text-yellow-300 mb-2">弹性标的</h4>
|
||
<p class="text-sm text-white text-opacity-90"><span class="font-bold">美团-W（03690.HK）</span>——到店业务利润高增50%，港股通资金持续流入。</p>
|
||
</div>
|
||
<div class="bg-white bg-opacity-20 rounded-lg p-4">
|
||
<h4 class="font-semibold text-yellow-300 mb-2">潜在黑马</h4>
|
||
<p class="text-sm text-white text-opacity-90"><span class="font-bold">未上市中概股私有化受益方</span>（如创投公司九鼎投资、四川双马）。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold mb-3">跟踪指标</h3>
|
||
<ul class="space-y-2">
|
||
<li class="flex items-start">
|
||
<i class="fas fa-chart-bar text-yellow-300 mt-1 mr-2"></i>
|
||
<span class="text-white text-opacity-90"><span class="font-semibold">港股日均成交额</span>：需持续>1500亿港元以验证流动性。</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<i class="fas fa-arrow-down text-yellow-300 mt-1 mr-2"></i>
|
||
<span class="text-white text-opacity-90"><span class="font-semibold">南下资金流入</span>：阿里、美团港股通持仓占比变化。</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<i class="fas fa-file-alt text-yellow-300 mt-1 mr-2"></i>
|
||
<span class="text-white text-opacity-90"><span class="font-semibold">CDR政策</span>：证监会细则落地时间（预计2025-Q4）。</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据表格 -->
|
||
<div class="bg-white rounded-xl card-shadow p-6">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-4 flex items-center">
|
||
<i class="fas fa-table text-indigo-600 mr-3"></i>关联股票数据
|
||
</h2>
|
||
|
||
<div class="overflow-x-auto">
|
||
<table class="min-w-full bg-white">
|
||
<thead>
|
||
<tr class="bg-gray-100">
|
||
<th class="py-3 px-4 border-b text-left text-sm font-semibold text-gray-700">股票</th>
|
||
<th class="py-3 px-4 border-b text-left text-sm font-semibold text-gray-700">分类</th>
|
||
<th class="py-3 px-4 border-b text-left text-sm font-semibold text-gray-700">业务相关</th>
|
||
<th class="py-3 px-4 border-b text-left text-sm font-semibold text-gray-700">原因</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">中金公司</td>
|
||
<td class="py-3 px-4 border-b">券商</td>
|
||
<td class="py-3 px-4 border-b">美股IPO业务主要通过中金国际开展，为拼多多美股IPO主承销商之一</td>
|
||
<td class="py-3 px-4 border-b">中金公司是拼多多美股IPO的主承销商之一</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">招商证券</td>
|
||
<td class="py-3 px-4 border-b">券商</td>
|
||
<td class="py-3 px-4 border-b">招商证券（香港）为拼多多联席承销商之一</td>
|
||
<td class="py-3 px-4 border-b">招商证券（香港）是拼多多联席承销商之一</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">日出东方</td>
|
||
<td class="py-3 px-4 border-b">券商</td>
|
||
<td class="py-3 px-4 border-b">华兴资本为拼多多联席承销商之一；日出东方3200万认购华兴资本</td>
|
||
<td class="py-3 px-4 border-b">日出东方投资华兴资本，而华兴资本是拼多多联席承销商之一</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">中信证券</td>
|
||
<td class="py-3 px-4 border-b">券商</td>
|
||
<td class="py-3 px-4 border-b">参与数量最多（5+家）</td>
|
||
<td class="py-3 px-4 border-b">中信证券参与了5家以上拼多多相关项目</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">华泰证券</td>
|
||
<td class="py-3 px-4 border-b">券商</td>
|
||
<td class="py-3 px-4 border-b">3-4家</td>
|
||
<td class="py-3 px-4 border-b">华泰证券参与了3-4家拼多多相关项目</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">中金公司</td>
|
||
<td class="py-3 px-4 border-b">近2年IPO保荐数量（头部券商）</td>
|
||
<td class="py-3 px-4 border-b">39家，第一</td>
|
||
<td class="py-3 px-4 border-b">中金公司在近2年IPO保荐数量中排名第一</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">华泰证券</td>
|
||
<td class="py-3 px-4 border-b">近2年IPO保荐数量（头部券商）</td>
|
||
<td class="py-3 px-4 border-b">19家，第二</td>
|
||
<td class="py-3 px-4 border-b">华泰证券在近2年IPO保荐数量中排名第二</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">中信证券</td>
|
||
<td class="py-3 px-4 border-b">近2年IPO保荐数量（头部券商）</td>
|
||
<td class="py-3 px-4 border-b">17家，第三</td>
|
||
<td class="py-3 px-4 border-b">中信证券在近2年IPO保荐数量中排名第三</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">广发证券</td>
|
||
<td class="py-3 px-4 border-b">具备香港子公司</td>
|
||
<td class="py-3 px-4 border-b">广发控股香港</td>
|
||
<td class="py-3 px-4 border-b">广发证券拥有香港子公司广发控股香港</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">招商证券</td>
|
||
<td class="py-3 px-4 border-b">具备香港子公司</td>
|
||
<td class="py-3 px-4 border-b">招商证券国际</td>
|
||
<td class="py-3 px-4 border-b">招商证券拥有香港子公司招商证券国际</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">光大证券</td>
|
||
<td class="py-3 px-4 border-b">具备香港子公司</td>
|
||
<td class="py-3 px-4 border-b">光大证券国际</td>
|
||
<td class="py-3 px-4 border-b">光大证券拥有香港子公司光大证券国际</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">天晟新材</td>
|
||
<td class="py-3 px-4 border-b">其他具备香港牌照公司</td>
|
||
<td class="py-3 px-4 border-b">全资子公司天晟证券2003年在香港成立，主营业务包括证券交易及发行债券等</td>
|
||
<td class="py-3 px-4 border-b">天晟新材的子公司天晟证券持有香港牌照</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">爱建集团</td>
|
||
<td class="py-3 px-4 border-b">其他具备香港牌照公司</td>
|
||
<td class="py-3 px-4 border-b">爱建国际资产管理公司拥有香港证监会颁发的第1、4、9号牌照，开展基金销售、证券承销、投资顾问、资产管理等业务</td>
|
||
<td class="py-3 px-4 border-b">爱建集团的子公司持有香港1、4、9号牌照</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">九鼎投资</td>
|
||
<td class="py-3 px-4 border-b">私募/创投</td>
|
||
<td class="py-3 px-4 border-b">股权投资营收占比第一</td>
|
||
<td class="py-3 px-4 border-b">九鼎投资的股权投资营收占比排名第一</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">华金资本</td>
|
||
<td class="py-3 px-4 border-b">私募/创投</td>
|
||
<td class="py-3 px-4 border-b">股权投资营收占比第二</td>
|
||
<td class="py-3 px-4 border-b">华金资本的股权投资营收占比排名第二</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">四川双马</td>
|
||
<td class="py-3 px-4 border-b">私募/创投</td>
|
||
<td class="py-3 px-4 border-b">股权投资营收占比第三</td>
|
||
<td class="py-3 px-4 border-b">四川双马的股权投资营收占比排名第三</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">浙江永强</td>
|
||
<td class="py-3 px-4 border-b">参与中概股运作</td>
|
||
<td class="py-3 px-4 border-b">据网络资料，公司通过认缴宁波博睿维森股权投资合伙企业的份额，间接参与了奇虎360的私有化</td>
|
||
<td class="py-3 px-4 border-b">浙江永强通过投资宁波博睿维森参与奇虎360私有化</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">益民集团</td>
|
||
<td class="py-3 px-4 border-b">参与中概股运作</td>
|
||
<td class="py-3 px-4 border-b">参股德同益民消费产业股权投资基金，该基金涉及中概股回归项目</td>
|
||
<td class="py-3 px-4 border-b">益民集团参股的基金涉及中概股回归</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">华西股份</td>
|
||
<td class="py-3 px-4 border-b">参与中概股运作</td>
|
||
<td class="py-3 px-4 border-b">据网络资料，公司并购业务包含中概股回归</td>
|
||
<td class="py-3 px-4 border-b">华西股份的并购业务涉及中概股回归</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">微创光电</td>
|
||
<td class="py-3 px-4 border-b">北交所创投</td>
|
||
<td class="py-3 px-4 border-b"></td>
|
||
<td class="py-3 px-4 border-b">微创光电属于北交所创投项目</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">天纺标</td>
|
||
<td class="py-3 px-4 border-b">北交所创投</td>
|
||
<td class="py-3 px-4 border-b"></td>
|
||
<td class="py-3 px-4 border-b">天纺标属于北交所创投项目</td>
|
||
</tr>
|
||
<tr class="bg-gray-50">
|
||
<td class="py-3 px-4 border-b font-semibold text-indigo-600">田野股份</td>
|
||
<td class="py-3 px-4 border-b">北交所创投</td>
|
||
<td class="py-3 px-4 border-b"></td>
|
||
<td class="py-3 px-4 border-b">田野股份属于北交所创投项目</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
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}
|
||
},
|
||
interactivity: {
|
||
detect_on: "canvas",
|
||
events: {
|
||
onhover: {
|
||
enable: true,
|
||
mode: "grab"
|
||
},
|
||
onclick: {
|
||
enable: true,
|
||
mode: "push"
|
||
},
|
||
resize: true
|
||
},
|
||
modes: {
|
||
grab: {
|
||
distance: 140,
|
||
line_linked: {
|
||
opacity: 1
|
||
}
|
||
},
|
||
push: {
|
||
particles_nb: 4
|
||
}
|
||
}
|
||
},
|
||
retina_detect: true
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |