@v587d/capital-generation 2.7.3 → 2.7.5

package/selected-skills/claude-for-financial-services-cn/vertical-plugins/fund-admin/skills/china-variance-commentary/SKILL.md

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+---
+name: china-variance-commentary
+description: Write variance commentary for A-share fund performance and portfolio changes. Adapts the original variance-commentary skill for fund accounting and Chinese fund reporting conventions. Triggers on "基金业绩点评", "组合表现分析", "variance commentary fund", "基金表现分析", "业绩归因", or "commentary on [fund] performance".
+---
+
+# china-variance-commentary
+
+## Purpose
+
+Write professional **基金业绩点评** — structured variance commentary on fund performance and portfolio changes.
+
+## Data Sources
+
+### Tier 0 — 万得 Wind（最全面付费数据）
+- 覆盖：A股/港美股/基金/指数/债券/宏观/研报/分析（44个工具）
+- MCP 服务：`wind-mcp`（需 `WIND_API_KEY` 密钥，以 `ak_` 开头）
+- 优势：全市场覆盖面最广、数据最全面、包含研报和量化分析
+- 密钥申请：https://aifinmarket.wind.com.cn/#/home
+
+### Tier 1 — 同花顺 iFind（付费精确数据）/ AkShare MCP（Tier-2 免费备选）
+
+```python
+get_fund_data(fund_code)              → Fund NAV, performance
+get_quote(ticker)                     → Individual security performance
+get_index_data("000001")              → Benchmark data
+```
+
+### Secondary Sources
+- 基金公司 — fund performance data
+- 托管行 — custody data
+- Wind / Choice — performance analytics
+
+## Workflow
+
+### Step 1: Gather Performance Data
+
+**Performance snapshot:**
+
+| Metric | Period | Benchmark | Active Return |
+|--------|--------|-----------|--------------|
+| 净值增长率 | X.XX% | X.XX% | X.XX% |
+| 年化收益率 | X.XX% | X.XX% | X.XX% |
+| 波动率 | X.XX% | X.XX% | |
+| 夏普比率 | X.XX | | |
+| 最大回撤 | X.XX% | | |
+| 卡尔马比率 | X.XX | | |
+
+### Step 2: Attribution Analysis
+
+**Performance attribution:**
+
+| Factor | Contribution | Description |
+|--------|-------------|-------------|
+| 资产配置 (Allocation) | X.XX% | Sector/security weight decisions |
+| 个股选择 (Selection) | X.XX% | Security picking within sectors |
+| 交互效应 (Interaction) | X.XX% | Combined effect |
+
+### Step 3: Sector Attribution
+
+**Sector performance:**
+
+| Sector | Weight | Return | Contribution | Benchmark Weight | Benchmark Return | Allocation Effect | Selection Effect |
+|--------|--------|--------|-------------|-----------------|-----------------|-----------------|-----------------|
+| | | | | | | | |
+| **Total** | **100%** | | | | | | |
+
+### Step 4: Top/Bottom Contributors
+
+**Best/worst performers:**
+
+| # | Security | Ticker | Weight | Period Return | Contribution |
+|---|----------|--------|--------|--------------|-------------|
+| 1 (Best) | | | | | |
+| 2 | | | | | |
+| 3 | | | | | |
+| ... | | | | | |
+| (Worst) | | | | | |
+| (2nd Worst) | | | | | |
+| (3rd Worst) | | | | | |
+
+### Step 5: Risk Analysis
+
+**Risk metrics:**
+
+| Metric | Value | Benchmark | Assessment |
+|--------|-------|-----------|-----------|
+| 波动率 | X.XX% | X.XX% | Higher/Lower |
+| 最大回撤 | X.XX% | X.XX% | |
+| 下行偏差 | X.XX% | X.XX% | |
+| VaR (95%) | X.XX% | | |
+| Beta | X.XX | | |
+| Alpha | X.XX% | | |
+
+### Step 6: Holdings Changes
+
+**Changes since last period:**
+
+| Action | Security | Ticker | Reason | Impact |
+|--------|----------|--------|--------|--------|
+| New buy | | | | |
+| Add to | | | | |
+| Reduce | | | | |
+| Sold | | | | |
+
+### Step 7: Market Context
+
+**Market environment:**
+
+| Factor | Current | Prior Period | Change |
+|--------|---------|-------------|--------|
+| 上证指数 | | | |
+| 沪深300 | | | |
+| 创业板指 | | | |
+| 北向资金 | | | |
+| 成交量 | | | |
+
+### Step 8: Commentary
+
+**Standard format:**
+
+```
+【业绩点评】[Fund Name] [Period]
+报告期：[Date]
+单位净值：¥X.XXXX
+净值增长率：+/-X.XX%
+基准收益率：+/-X.XX%
+超额收益：+/-X.XX%
+
+一、业绩概览
+   [Overall performance summary]
+
+二、归因分析
+   [Attribution breakdown]
+
+三、行业分析
+   [Sector attribution]
+
+四、重仓股表现
+   [Top/bottom contributors]
+
+五、风险指标
+   [Risk metrics]
+
+六、持仓变动
+   [Changes in portfolio]
+
+七、市场回顾
+   [Market context]
+
+八、展望
+   [Forward outlook]
+```
+
+## China-Specific Considerations
+
+### Fund Benchmarks
+
+| Fund Type | Typical Benchmark |
+|-----------|------------------|
+| 股票型基金 | 沪深300 / 创业板指 |
+| 债券型基金 | 中债综合指数 |
+| 混合型基金 | 沪深300 × 50% + 中债 × 50% |
+| 指数基金 | Tracking index |
+| QDII | Relevant foreign index |
+
+### Performance Presentation
+
+| Convention | China Practice |
+|-----------|----------------|
+| Return calculation | Geometric |
+| Benchmark | Contractual |
+| Reporting frequency | Daily for public funds |
+| Risk metrics | Standard set |
+
+## Quality Checks
+
+Before delivering:
+- [ ] Performance data accurate
+- [ ] Attribution complete
+- [ ] Top/bottom contributors identified
+- [ ] Risk metrics calculated
+- [ ] Holdings changes documented
+- [ ] Market context current
+- [ ] Commentary balanced
+> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.
+> - `ifind-only` (strict): Use iFind only, error if unavailable
+> - `ifind-fallback` (default): iFind preferred, fallback to AkShare
+> - `akshare-only`: Skip iFind, use AkShare only
+> - `wind-only`: Wind only, error if unavailable
+> - `wind-fallback`: Wind first, fallback to iFind → AkShare

package/selected-skills/claude-for-financial-services-cn/vertical-plugins/investment-banking/skills/china-buyer-list/SKILL.md

@@ -0,0 +1,198 @@
+---
+name: china-buyer-list
+description: Build a list of potential strategic and financial acquirers for A-share sell-side M&A mandates. Adapted from the original buyer-list skill for Chinese market acquirer universe. Triggers on "A股买方名单", "潜在收购方", "buyer list China", "strategic buyers China", "who would buy this A-share company", or "build buyer universe".
+---
+
+# china-buyer-list
+
+## Purpose
+
+Build **A股潜在收购方名单**, identifying both strategic and financial buyers for a sell-side M&A mandate.
+
+## Data Sources
+
+### Tier 0 — 万得 Wind（最全面付费数据）
+- 覆盖：A股/港美股/基金/指数/债券/宏观/研报/分析（44个工具）
+- MCP 服务：`wind-mcp`（需 `WIND_API_KEY` 密钥，以 `ak_` 开头）
+- 优势：全市场覆盖面最广、数据最全面、包含研报和量化分析
+- 密钥申请：https://aifinmarket.wind.com.cn/#/home
+
+### Tier 1 — 同花顺 iFind（付费精确数据）/ AkShare MCP（Tier-2 免费备选）
+
+```python
+get_industry_stocks(industry="...")   → Industry peer list
+get_quote(ticker)                    → Valuation for comparable analysis
+get_financials(ticker, "income")     → Revenue for size comparison
+```
+
+### Secondary Sources
+- 巨潮公告 — M&A history
+- Wind / Choice — transaction database
+- 券商研报 — sector M&A analysis
+- 企查查 / 天眼查 — corporate structure, related entities
+
+## Workflow
+
+### Step 1: Define Target Profile
+
+**Target characteristics:**
+- Industry / sector
+- Revenue size
+- Geography
+- Growth profile
+- Ownership structure (listed / unlisted, controlling shareholder)
+
+### Step 2: Build Strategic Buyer Universe
+
+**Strategic buyer categories:**
+
+| Category | Rationale | Examples |
+|----------|-----------|---------|
+| 同业龙头 (Industry peers) | Horizontal integration, market share | 白酒: 头部酒企 |
+| 上下游整合 (Vertical integration) | Supply chain control | 车企 → 电池厂 |
+| 多元化集团 (Conglomerates) | Diversification | 华润, 招商局 |
+| 国企整合 (SOE consolidation) | Policy-driven consolidation | 央企/国企 |
+| 民企扩张 (Private expansion) | Growth through M&A | 美的, 海尔 |
+
+**For each potential strategic buyer:**
+- Strategic rationale (why would they buy?)
+- Fit assessment (complementarity, synergies)
+- Financial capacity (cash, debt capacity)
+- Historical M&A activity
+- Regulatory approval likelihood
+
+### Step 3: Build Financial Sponsor Universe
+
+**Financial buyer categories:**
+
+| Category | Description | Typical China Players |
+|----------|-------------|----------------------|
+| 私募股权 (PE) | Traditional buyout funds | 高瓴, 红杉, 鼎晖, 中信产业基金 |
+| 产业基金 (Industry funds) | Sector-specific | 国家集成电路产业投资基金 |
+| 并购基金 (Buyout funds) | A-share focused | 中金, 中信, 华泰联合 |
+| 国资平台 (SOE investment arms) | Policy-driven | 地方国资, 国投 |
+
+**Screening criteria:**
+- Fund size vs deal size
+- Sector focus alignment
+- Track record in China
+- Currency availability (RMB vs USD)
+- Hold period preference
+- Regulatory approval track record
+
+### Step 4: Assess Buyer Fit
+
+**Fit scoring matrix:**
+
+| Buyer | Strategic Fit | Financial Capacity | Reg. Risk | Historical Activity | Overall Score |
+|-------|---------------|-------------------|-----------|---------------------|---------------|
+| | 1-5 | 1-5 | 1-5 | 1-5 | |
+
+**Scoring criteria:**
+- Strategic fit: How natural is the combination?
+- Financial capacity: Can they afford it?
+- Regulatory risk: Likelihood of approval?
+- Historical activity: Do they acquire actively?
+
+### Step 5: Prioritize Outreach
+
+**Priority tiers:**
+
+| Tier | Criteria | Approach |
+|------|----------|----------|
+| Tier 1 | High strategic fit, strong capacity, low reg risk | Direct outreach first |
+| Tier 2 | Good fit, some hurdles | Secondary outreach |
+| Tier 3 | Possible fit, significant challenges | Contingency / backup |
+
+**Outreach considerations:**
+- Relationship warmth (existing connections)
+- Cultural/language compatibility
+- Deal team familiarity with buyer
+- Expected timeline
+
+### Step 6: Document the List
+
+**Standard buyer list format:**
+
+```
+【目标公司】潜在收购方名单
+
+一、战略买方
+
+1. [Buyer Name]
+   属性：[国企/民企/外企]
+   逻辑：[Why they would buy]
+   历史并购：[Relevant deals]
+   风险：[Regulatory / Integration risks]
+   优先级：[Tier 1/2/3]
+
+2. ...
+
+二、财务买方
+
+1. [Fund Name]
+   类型：[PE/产业基金/并购基金]
+   规模：[AUM]
+   重点行业：[Sector focus]
+   投资偏好：[Deet size, hold period]
+   优先级：[Tier 1/2/3]
+
+2. ...
+```
+
+## China-Specific Considerations
+
+### Strategic Buyer Landscape
+
+**Key strategic buyer types in China:**
+
+| Type | Description | Typical Targets |
+|------|-------------|-----------------|
+| 央企集团 | Central SOE conglomerates | Large industrials, resources |
+| 地方国企 | Provincial/municipal SOEs | Regional champions |
+| 头部民企 | Leading private companies | Adjacent businesses |
+| 互联网巨头 | Alibaba, Tencent, ByteDance | Tech, media, consumer |
+| 金融机构 | Banks, insurers | Financial services |
+| 地产集团 | Real estate developers | Diversification targets |
+
+### Financial Sponsor Landscape
+
+| Fund Type | Typical Size | Focus | Example Funds |
+|-----------|-------------|-------|---------------|
+| 美元基金 (USD funds) | Large | Growth, buyout | 高瓴, 红杉, Hillhouse |
+| 人民币基金 (RMB funds) | Medium | Domestic focus | 中信产业基金, 鼎晖 |
+| 产业基金 (Industry funds) | Large | National strategic | 大基金 (半导体) |
+| 并购基金 (Buyout funds) | Medium | A-share M&A | 中金资本 |
+
+### Regulatory Considerations
+
+- **经营者集中申报**: SAMR review for deals above thresholds
+- **外资安全审查**: Foreign investment review (if applicable)
+- **国有股权转让**: 国有资产评估, 产权交易所挂牌
+- **反垄断**: Market share thresholds
+- **行业准入**: Sector-specific approvals
+
+### Common Transaction Patterns
+
+| Pattern | Description | Frequency |
+|---------|-------------|-----------|
+| 借壳上市 | Backdoor listing | Moderate |
+| 吸并 | Merger of equals or absorption | Moderate |
+| 协议转让 | Block trade / agreement transfer | Common for control |
+| 要约收购 | General offer for remaining shares | Required for >30% |
+| 定增 | Private placement | Common for acquisitions |
+
+## Quality Checks
+
+Before delivering:
+- [ ] Buyer universe comprehensive (both strategic and financial)
+- [ ] Each buyer assessed for fit
+- [ ] Regulatory risks considered
+- [ ] Prioritization logical
+- [ ] Contact approach appropriate
+> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.
+> - `ifind-only` (strict): Use iFind only, error if unavailable
+> - `ifind-fallback` (default): iFind preferred, fallback to AkShare
+> - `akshare-only`: Skip iFind, use AkShare only
+> - `wind-only`: Wind only, error if unavailable
+> - `wind-fallback`: Wind first, fallback to iFind → AkShare

package/selected-skills/claude-for-financial-services-cn/vertical-plugins/investment-banking/skills/china-cim-builder/SKILL.md

@@ -0,0 +1,223 @@
+---
+name: china-cim-builder
+description: Structure and draft Confidential Information Memorandums (CIMs) for A-share sell-side M&A processes. Organizes company information into professional, investor-ready documents with Chinese market context. Triggers on "A股CIM", "保密信息备忘录", "CIM China", "confidential memorandum A-share", or "offering memorandum [company]".
+---
+
+# china-cim-builder
+
+## Purpose
+
+Draft **A股并购CIM (Confidential Information Memorandum)** for sell-side M&A processes — comprehensive, confidential company overviews for potential buyers.
+
+## Data Sources
+
+### Tier 0 — 万得 Wind（最全面付费数据）
+- 覆盖：A股/港美股/基金/指数/债券/宏观/研报/分析（44个工具）
+- MCP 服务：`wind-mcp`（需 `WIND_API_KEY` 密钥，以 `ak_` 开头）
+- 优势：全市场覆盖面最广、数据最全面、包含研报和量化分析
+- 密钥申请：https://aifinmarket.wind.com.cn/#/home
+
+### Tier 1 — 同花顺 iFind（付费精确数据）/ AkShare MCP（Tier-2 免费备选）
+
+```python
+get_stock_info(ticker)                        → Company profile
+get_quote(ticker)                            → Valuation snapshot
+get_historical_data(ticker)                  → Trading history
+get_financials(ticker, "income", "annual")    → Historical P&L
+get_financials(ticker, "balance", "annual")   → Historical BS
+get_financials(ticker, "cashflow", "annual")  → Historical CF
+get_industry_stocks(industry="...")            → Industry peers
+```
+
+### Secondary Sources
+- **巨潮** — full annual reports, announcements
+- **公司官网** — IR materials, presentations
+- **券商研报** — existing research
+- **企查查 / 天眼查** — corporate structure, subsidiaries
+
+## Workflow
+
+### Step 1: Define CIM Scope
+
+**CIM types:**
+
+| Type | Use | Typical Length |
+|------|-----|---------------|
+| Full CIM | Comprehensive sell-side | 50-100 pages |
+| Summary CIM | Initial teaser + overview | 15-25 pages |
+| Teaser | Anonymous preview | 1-2 pages |
+| Management presentation | Buyer meeting | 20-40 slides |
+
+### Step 2: Standard CIM Structure
+
+**A-share CIM sections:**
+
+```
+一、交易概述 (Transaction Overview)
+   - 交易背景
+   - 交易结构
+   - 时间表
+
+二、公司概览 (Company Overview)
+   - 公司简介
+   - 发展历程
+   - 业务模式
+   - 组织结构
+   - 管理层介绍
+
+三、行业分析 (Industry Analysis)
+   - 市场规模
+   - 发展趋势
+   - 竞争格局
+   - 政策环境
+
+四、经营分析 (Operating Analysis)
+   - 业务拆分
+   - 核心竞争优势
+   - 客户结构
+   - 渠道网络
+   - 供应链
+
+五、财务分析 (Financial Analysis)
+   - 历史财务表现
+   - 财务比率分析
+   - 盈利质量
+   - 现金流分析
+
+六、估值分析 (Valuation Analysis)
+   - 交易比较 (可比交易)
+   - 交易倍数 (Trading comps)
+   - DCF估值
+   - 估值区间
+
+七、风险因素 (Risk Factors)
+   - 行业风险
+   - 公司风险
+   - 市场风险
+   - 政策风险
+
+八、附录 (Appendices)
+   - 详细财务报表
+   - 管理层简历
+   - 术语表
+```
+
+### Step 3: Gather Content
+
+**For each section:**
+
+1. **Company overview**: From 巨潮 annual report + AkShare
+2. **Financials**: From AkShare / 巨潮 (3-5 years)
+3. **Industry**: From research reports, industry data
+4. **Competitive position**: Peer comparison via AkShare
+5. **Management**: From 年报 / 公司官网
+6. **Valuation**: Built from comps + DCF
+
+### Step 4: Write the CIM
+
+**Writing guidelines:**
+- Professional, neutral tone
+- Factual, avoid superlatives
+- Balanced presentation (include risks)
+- Chinese business English appropriate for cross-border
+- Chinese terminology where buyers expect it
+
+**Key sections detail:**
+
+#### Company Overview
+- History and evolution
+- Current structure (corporate org chart)
+- Core business lines with revenue contribution
+- Geographic footprint
+- Key milestones
+
+#### Industry Analysis
+- Market size and growth trajectory
+- Supply/demand dynamics
+- Regulatory framework
+- Technology trends
+- Entry barriers
+
+#### Financial Analysis
+- 5-year historical summary
+- Key ratio trends
+- Revenue bridge (growth decomposition)
+- Margin analysis
+- Balance sheet quality
+- Cash flow profile
+
+#### Valuation
+- Comparable transactions (precedent deals)
+- Trading comparables
+- DCF summary
+- Valuation range and rationale
+
+### Step 5: Quality Standards
+
+**CIM quality checklist:**
+
+| Section | Requirement |
+|---------|-------------|
+| Confidentiality | Prominent watermark and notice |
+| Executive summary | Compelling, concise (1-2 pages) |
+| Financials | Complete, consistent, sourced |
+| Industry | Contextual, data-backed |
+| Risks | Comprehensive, not minimized |
+| Formatting | Professional, consistent |
+| Graphics | Charts, tables, org charts |
+
+## China-Specific Considerations
+
+### Regulatory Disclosures
+
+**Mandatory disclosure content:**
+- 关联交易 (related party transactions) — flag prominently
+- 对外担保 (guarantees to third parties)
+- 重大诉讼仲裁 (material litigation)
+- 股权质押 (share pledges)
+- 同业竞争 (competitive businesses of related parties)
+
+### Ownership Structure
+
+**Common in China CIMs:**
+- 股权结构图 (ownership structure diagram)
+- 实际控制人 (actual controller identification)
+- 一致行动人 (concert party arrangements)
+- 股权激励 (ESOP/scheme details)
+- 限售股 (restricted shares, lock-up schedule)
+
+### Industry-Specific Content
+
+| Industry | Special CIM Sections |
+|----------|---------------------|
+| 白酒 | 批价历史, 渠道库存, 品牌矩阵 |
+| 半导体 | 产能规划, 技术路线, 客户认证 |
+| 新能源 | 技术迭代, 产能规划, 补贴依赖 |
+| 医药 | 管线组合, 临床数据, 集采风险 |
+| 房地产 | 土储质量, 去化率, 融资结构 |
+
+### Valuation Context
+
+**A-share premium context:**
+- A-share companies often trade at premium to H-shares
+- Liquidity premium for listed targets
+- Control premium expectations (20-40%)
+- 私有化 premium requirements (30-50%)
+
+## Quality Checks
+
+Before finalizing:
+- [ ] Confidentiality notices prominent
+- [ ] All financial data sourced
+- [ ] Industry context complete
+- [ ] Risk factors comprehensive
+- [ ] Valuation analysis sound
+- [ ] Regulatory items flagged
+- [ ] Formatting professional
+- [ ] No identifying information leaked (if teaser phase)
+> **Data Source Mode Switch**: Set env var `IFIND_DATA_SOURCE_MODE` to control data source preference.
+> - `ifind-only` (strict): Use iFind only, error if unavailable
+> - `ifind-fallback` (default): iFind preferred, fallback to AkShare
+> - `akshare-only`: Skip iFind, use AkShare only
+> - `wind-only`: Wind only, error if unavailable
+> - `wind-fallback`: Wind first, fallback to iFind → AkShare