中金公司：2026年半年度报告

AAAA 2026 2026 China International Capital Corporation LimitedCICC12272820153 16122728122728100004129www.cicc.comInvestorrelations@cicc.com.cn(010)650511664,827,256,86848,357,489,405 122728129 2026630202563020266 3020251231 202663048,357,489,4052025123148,142,516,3990.45% 2026 GDP4.7%GDP0.8 30.9%1.6%3.5%CPI 202613.3%16.3%17.0%30%60%39.3% 20262026AIAIAIA46AIAIETF 202620266,1052026A2,01660% 202667.4%M28%5.2%64.7%3% 202620263003.16%7.55%50019.82%20.97%35.58%10.73%15.21%18.92%A97%27,37349%2.7563IPO92%2,10218%2,830AIPO “”2024420266 202632026 23 2026 IPO Extel2020 2020 1 2026AIPO71705.7488.93%A891,381.6777.82% IPO84270.1792.97%183182.4015.43% IPO10.5193.84%81.1290.01% 2026IPO47201.20 2026AIPO11205.05A10114.02 2026IPO2757.35IPO3639.14IPO3632.541118.91 2026 2026AIPOA 202610.613.4%5.876.9%650.7912.0% 20263,855.47REITsREITs 2026REITsREITsREITREITABSTCL75 2026 2026REITs Dealogic20261,8001,715.2534.2%1,5881,339.1741.0%212376.0810.5% 2026Dealogic2026Dealogic25119.151667.53951.63 2026AFlenderTCS LogisticsNippon Express117 2026 2026 20263.2%19.8%35.6%10.7%15.2%18.9%2026A2.7496.9%2,83018.0% 2026 15,600QFII23QFII 2026 2026 Wind20261011bp1026bpREITs3.90% 2026 1. 2026AI 2026 20266306,274.571,980.774,293.801,275 2026 2026 2. 2026A202663039.675.2%14,353 2026 2026679REITs2,948.407.9%2,772.418.0% 2026 2026 REITs 2026 2026(LP) 2026 2026AIPOIPOS 202620266305,9745001630 2026 2026630 2026A31895% 20265A5050501,70025,30050ETF50 1,1005.392025-2026A+2,5001,700600 AIAI 2026 505050FoF50 2026630320401,900 20266,6002026 20262026202620262026 ExtelInstitutional Investor2026241814 2026··AI 202619,302,467,9726,474,461,33950.47%8,199,268,2683,869,033,14189.35%1.62199.08%7.60%3.44 1 2 202619,302,467,9726,474,461,33950.47% 9,092,523,6241,364,323,15817.65% 2026 252,175,23014,156,8925.95% 343,185,80055,746,73419.39%2026 9,427,950,4422,701,696,52240.17% 1,723,488,56848.12%2026 156,133,6898.90% 822,074,26559.08% 133.97% 59.91% 73.30% 52.24% 10% 1 1 2026630997,149,634,0732025214,323,466,96027.38%854,777,125,3342025196,339,429,77529.82%134,059,951,248202512,002,258,6449.83%193,698,451,835803,451,182,238661,078,673,499382.28%202580.94%1.3445.9920255.350.6557.7120256.531.18 2 1997420266 30389,601,478,53639.07% 3 20266 307.639.832.1922.31%1 AA1A0.4376A1A0.5210A 20265 18<> 20266 820262026A2026H<> 20266 12[2026]38 20267 10261957261958261959261967261963261953 20268 27202617 1. 10% 202663025,013,750.423,024,877.852026626,408.83329,730.23244,190.25 2026630751,543.21365,360.48202653,581.0214,677.1911,490.88 2026630108,931.3154,206.46202619,848.0412,187.869,182.54 202663044,856,540.043,889,733.0420261,047,051.75792,351.03434,790.32 2026630198,323.80128,038.69202641,420.5014,208.1210,661.23 2026630637,705.9181,542.2020262,563.40229.80188.07 20266302,939,080.63140,074.74202618,027.4211,559.818,558.99 2026630707,950.93432,317.21202613,430.4412,507.799,906.46 202663019,917.9712,073.0620265,121.69528.44528.46 202663017,766,217.981,590,377.092026559,253.55364,368.73158,779.70 CICC Financial Trading Limited 20266303,171,267.36207,996.15202648,339.4245,048.1225,883.60 2 3 10% 10% 4 20266 30550.680.36 1234567 2026 ➢ ➢ •(VaR)95% • • (VaR) 123 1.2.3.4. DV01Spread DV01DV01Spread DV01 1.2.13.2 2026630317.5%10%20%10%20%2026630286.8%258.7% ➢ ➢ AAABBB+A-2Baa1P-2A-F1 2026630215.01%146.05% ➢➢➢➢➢➢➢➢ ➢➢➢➢➢➢➢➢ ➢➢➢➢➢➢ ➢➢➢➢➢ ➢➢➢➢➢➢➢ ➢ ➢ ➢ ➢ ➢ ➢ 1. 8233 ·2026227 2. 9 (1)2026122 (2)2026128202622 (3)2026330 (4)20267 13 (5)20267 31 2026701359 13.51B1 2026 202663014,263613,1451,11892%8%97%55%30%43% 2025 20265060202620262026ESGESGESG2026ESGV3.09,000ESGESGESG 18%SAF 2026++•20214,00045 20262,00059268%5,000 2026IPO 2026· 2026IPOIPO2026REITsREITs20264,5001,5002,600400 22026361,7874,35042,0004,000 2025 2025 2026 202620261120266 306 210120261 120266 306 1. 2. 3. 1.20266302.2026630 1. CICC Hong Kong Finance 2016 MTN Limited CICC Hong Kong Finance 2016 MTN Limited3125.5138.51220CICC Hong KongFinance 2016 MTN Limited116.11 CICC Hong Kong Finance 2016 MTN Limited202313520242312CICC Hong Kong Finance 2016MTN Limited118.42 2. 20.07 18 www.sse.com.cnwww.hkexnews.hk 4,827,256,868A2,923,542,440H1,903,714,428 117,988A117,646H342 1. 1. 2.AH3.H4.A ঃ ౦ ת ܢ ࠣ׮ э ٺ ܢ 3. 4. XV352C3 XV23336 1.XV 2.2,734,800A 3.JPMorgan Chase & Co.117,886,324H59,620,33438,061,833H117,886,324H10,263,60838,061,833H37,736,433 4.Morgan Stanley101,270,811H62,076,929H101,270,811H79,532,35262,076,929H5,722,364 5.BlackRock,Inc.97,389,671H3,556,000H97,389,671H4,698,4003,556,000H3,135,200 ঃ ౦ ת ܢ ࠣ׮ э ٺ ܢ 1,739.481,711.071.63% 732.21298.00 1.3,504.893,967.2913.19% 1,216.87378.00 2.233.741115.799.8819.83 2. (1) a. 188576.SH138842.SH115448.SH115690.SH115691.SH252158.SH252159.SH252380.SH240416.SH240417.SH240635.SH240632.SH256662.SH242650.SH243670.SH243780.SH244614.SH244615.SH244744.SH244745.SH244894.SH244895.SH245220.SH245221.SH