"就在不久之前，香港卫生署给我们发来邮件，希望引入我们的一款CAR-T（嵌合抗原受体T细胞免疫 疗法）产品，对当地药品目录进行优化。相较于该区域市场上的另一款CAR-T产品，我们产品定价相当 于打了对折，单价低了100多万港币。" 张妍（化名）是国内某头部CAR-T企业市场准入相关负责人。谈及这次邀约时，她表示，一方面，企业 对于"打开境外市场销路"乐见其成；但另一方面，企业也存在一层担忧：考虑到医保支付端的承受能 力、患者可及性及市场竞争现况，CAR-T疗法在境内市场已给出了较低的定价，但企业在全球市场的投 入回报率可能因国际比价和价格联动而变得不确定。 "百万抗癌药"CAR-T药品所面临的商业化困境具有一定的典型性。整体来看，我国目前创新药价格在全 球范围内属较低水平，同一款药国内外销售价格相差二三十倍的案例屡有发生，一定程度制约了我国创 新药生态链发展。 业界担忧的还有两个趋势：一些本土创新药企将销售重心转向海外市场或将早期成果"卖青苗"出售；一 些跨国药企在考虑到全球价格体系后，可能对中国市场的产品引入和销售预期进行调整。长期来看，这 两个趋势可能会影响到中国创新药产业的国际竞争优势和国内患者获益。 ...

要充分考虑老年人特点，把工作做在前，严格执行"四个一律"，果断转移安置，最大限度保障老年人生 命安全。 据民政部网站，8月4日下午，民政部召开进一步做好全国养老机构防汛工作电视电话会议，对全国养老 机构防汛工作进行再调度、再安排、再督促。民政部党组成员、副部长刘振国出席会议并讲话。 会议强调，各地民政部门要深刻认识抓好防汛工作的重要性和紧迫性，坚决克服麻痹思想、侥幸心理， 把人民生命安全放在更高处，以"时时放心不下"的责任感和"事事心中有底"的行动力，慎终如始抓好养 老机构防汛工作。 会议要求，各地民政部门要不折不扣落实包保责任制，切实把安全管理责任压实到人、落实到机构。要 全面建立涉汛风险养老机构清单、应急准备清单，提高风险防范能力。要充分考虑老年人特点，把工作 做在前，严格执行"四个一律"，果断转移安置，最大限度保障老年人生命安全。 会议指出，要落实"以防为主"，健全应急工作机制，完善应急预案，加强与属地应急部门的联动，将养 老机构纳入优先救援对象，纳入本地区防汛物资总体储备及配备范围。要强化应急值守，落实24小时值 班制度，严格落实信息报告要求，确保信息畅通处置高效。要夯实养老机构安全基础，强化分类管理 ...

Group 1 - Philips (China) Investment Co., Ltd., a shareholder holding more than 5%, plans to reduce its stake in Chuangyue Huikang from August 27, 2025, to November 26, 2025, by a total of up to 46.33 million shares, accounting for 3% of the total share capital after excluding shares in the repurchase special account [2] - The reduction will consist of a maximum of 15.44 million shares through centralized bidding, representing 1.00%, and up to 30.89 million shares through block trading, representing 2.00% [2] - As of the announcement date, Philips holds 155 million shares in the company, which accounts for 10.01% of the total share capital and 10.04% of the total share capital after excluding shares in the repurchase special account [2]

Group 1 - The core viewpoint emphasizes the importance of cultivating new growth points in service consumption, which is seen as having higher frequency, greater growth potential, and stronger employment generation capabilities compared to goods consumption [1] - The Central Political Bureau meeting has set the focus for economic work in the second half of the year on effectively releasing domestic demand potential, particularly through service consumption [1] - A report from Peking University Guanghua School of Management indicates that by 2025, service consumption vouchers could leverage an additional 6.76 yuan for every 1 yuan of subsidy, potentially driving nearly 700 billion yuan in additional consumption [1][2] Group 2 - Digital platforms are breaking through traditional consumption stimulation challenges by employing three mechanisms: demand perception revolution, multiplier effect activation, and addressing livelihood pain points [2][3] - The demand perception revolution involves constructing micro-demand maps based on real-time market information, significantly enhancing policy precision [2] - The multiplier effect reveals that single-point subsidies can activate chain consumption reactions, transforming fiscal resources into catalysts for economic activity [2] Group 3 - The political bureau's emphasis on cultivating new growth points in service consumption aims to break traditional service industry barriers and reconstruct consumption scenarios [4][5] - Healthy competition among platforms is identified as a key driver for reshaping market boundaries, releasing dormant demand, and enhancing service accessibility across urban and rural areas [5][6] - The competition is shifting focus towards cultural value and emotional experiences, moving service offerings from mere functionality to meaningful creation [5] Group 4 - Service consumption is projected to become a primary engine of national economic growth, with the service sector's value added accounting for 56.7% of GDP in 2024 [7] - The service sector's growth potential is highlighted as a critical breakthrough for expanding domestic demand, with significant contributions to employment and economic stability [7][8] - The rise of service consumption is seen as a necessary trend in China's economic development phase transition and structural upgrade, supported by favorable policies and platform competition [8]

商务部最新数据显示，今年上半年我国新设立外商投资企业30014家，同比增长11.7%，实际使用外资 金额增加4232.3亿元，其中瑞士、日本、英国等主要经济体对我国的投资额增幅均在37%以上，尤其是 瑞士对华投资同比增长高达68.6%。 在世界经济复苏乏力、贸易保护主义与单边主义等全球化逆风甚嚣尘上的国际环境中，跨国公司依然加 码中国投资，凸显了中国市场的独特魅力与非凡吸引力。 在世界经济复苏乏力、贸易保护主义与单边主义等全球化逆风甚嚣尘上的国际环境中，跨国公司依然加 码中国投资，凸显了中国市场的独特魅力与非凡吸引力。 更深更优地融入中国 拉长时间看，去年我国新设外商投资企业5.9万家，同比增长9.9%，实际使用外资8262.5亿元。因此， 截至今年上半年，我国外商投资连续增长了六个季度，同时外商累计在华投资设立的企业超过126.9万 家，累计实际使用外资超过21万亿元人民币，其中"十四五"期间累计新设外资企业22.9万家，实际使用 外资累计达到7087.3亿美元。 引资规模不断扩张的同时，外商的投资方向、结构、质量出现了明显优化。一方面，随着我国服务业的 蓬勃发展、对外开放程度的提高，以及制造业服务化趋势加 ...

Core Viewpoint - The banking wealth management subsidiaries are accelerating their entry into the A-share IPO market due to continuous regulatory support, aiming to enhance returns amid a challenging investment environment characterized by low fixed-income yields and asset scarcity [1][4][6]. Group 1: Market Entry and Participation - Ningyin Wealth Management has successfully entered the IPO subscription list for multiple products, leading among banking wealth management subsidiaries as of July 25 [1]. - Two mixed wealth management products from Ningyin Wealth Management were allocated 6,557 shares each, with an initial allocation amount of 43,000 yuan, participating at a subscription price of 7.36 yuan per share [2]. - Everbright Wealth Management was the first to test the waters in the A-share IPO market, successfully participating in offline IPOs, marking a shift in the traditional investor structure [4]. Group 2: Regulatory Changes and Implications - A series of policy changes have granted banking wealth management products equal status with public funds in participating in A-share IPOs, breaking the previous C-class investor limitations [5][6]. - The Central Financial Office and the China Securities Regulatory Commission have issued guidelines to encourage long-term funds, including bank wealth management, to enter the capital market [5]. Group 3: Investment Characteristics and Trends - The A-share IPO market is exhibiting a "low risk, high return" characteristic, with a low initial public offering (IPO) break rate of 4.17% in the first half of 2025, and an average first-day increase of 219% for new stocks [8]. - The direct participation of wealth management subsidiaries in IPOs is expected to enhance product yields and diversify investment strategies, moving away from a heavy reliance on fixed-income assets [8]. Group 4: Challenges Ahead - There are challenges regarding risk adaptation for clients, as the majority of wealth management product investors have a low-risk preference, with 33.83% classified as conservative [9]. - The investment research system needs to evolve to assess new stock investment values effectively, requiring enhanced tracking of company fundamentals and the establishment of specialized research teams [9].

Core Viewpoint - The collision test involving a 2.61-ton SUV and an 8-ton truck has raised significant concerns regarding the safety and design of the truck, particularly focusing on the locking mechanism of the truck's cabin and the test conditions [1][6][8]. Group 1: Collision Test Details - The collision test was conducted by Li Auto and China Automotive Research, but many details remain undisclosed, leading to skepticism about the validity of the test [1][4]. - The truck involved was a second-hand Dongfeng Liuqi M3, which had been modified for the test, including weight adjustments and the installation of an autonomous driving system [8][9]. - The test speed was noted to be higher than conventional standards, with the SUV traveling at 60±2 km/h and the truck at 40±2 km/h, resulting in a relative speed of 100 km/h [8][9]. Group 2: Technical Aspects of the Truck - The truck's cabin is designed with a locking mechanism that can be either mechanical or hydraulic, with the hydraulic system being more reliable but costlier [3][4]. - If the locking mechanism is not engaged properly before a collision, the cabin can detach from the chassis, which raises questions about the truck's structural integrity [4][5]. - The test's outcome, where the truck's cabin appeared to detach, suggests that the locking mechanism may not have been engaged, which is atypical for such vehicles [4][5]. Group 3: Industry Reactions and Implications - Dongfeng Liuqi, the manufacturer of the truck, has expressed concerns over the test's execution and the subsequent public perception, emphasizing the need for transparency in the testing process [1][13]. - Li Auto's recent statements indicate a desire to distance itself from the controversy, acknowledging the unintended consequences of the test on Dongfeng Liuqi's reputation [14]. - The incident highlights the ongoing challenges in the commercial vehicle sector regarding safety standards and public trust, especially in the context of competitive marketing strategies [12][14].

Group 1 - The core point of the article is that Lvtong Technology plans to acquire a 51% stake in Jiangsu Damo Semiconductor Technology Co., Ltd. for 530.4 million yuan, entering the semiconductor equipment sector with a significant premium of 325.74% [1] - The acquisition is driven by Lvtong Technology's declining profitability in its main business, with projected net profit decreases of 15.64% in 2023 and 45.98% in 2024 [1] - Damo Semiconductor has committed to a cumulative net profit of no less than 240 million yuan from 2025 to 2027 as part of the acquisition agreement [1]

Group 1 - The core viewpoint of the news is the issuance of the "Guiding Opinions on Financial Support for New-Type Industrialization" by the People's Bank of China and seven other departments, aiming to establish a mature financial system that adapts to the "three transformations" of manufacturing by 2027, enhancing service adaptability and preventing "involution" competition [1] - The financial support for new-type industrialization is being strengthened, with various financial institutions innovating service models to inject strong momentum into the sector [1][4] - The focus is on optimizing financial policy tools to support key technological products and enhance the resilience of industrial and supply chains, while promoting the development of technology finance, green finance, and digital finance [4][5] Group 2 - In Shandong Province, Weifang City has been actively exploring financial innovations to support new-type industrialization, addressing the financing difficulties faced by small and micro enterprises [2] - The "data credit loan" model is being implemented to break the traditional reliance on core enterprises for credit, allowing financing based on suppliers' credit and transaction data [2][3] - The cumulative financing through this model has reached nearly 47 million yuan, supporting eight small and micro enterprises and significantly aiding local industrial development [3] Group 3 - The overall goal of the "Opinions" is to establish a mature financial system by 2027 that supports the high-end, intelligent, and green development of the manufacturing industry, with a focus on enhancing the adaptability of financial services [4] - Financial institutions are encouraged to develop differentiated credit policies tailored to specific industries and stages of enterprise growth, and to cultivate a workforce skilled in technology and finance [5] - The implementation of these policies is expected to deepen the integration of finance and industry, providing lasting momentum for the construction of a manufacturing powerhouse [5]

这场强降雨并非只影响了肇庆一地。根据东莞发布8月5日消息，过去24小时我市普降暴雨到大暴雨，预计今明两天东莞市仍有暴雨、局部大暴雨。 广东省应急管理厅、气象局等部门提醒：预计5-6日广东省强降雨将持续，其中珠三角、粤北和汕尾有暴雨到大暴雨局部特大暴雨，致灾风险高。 连日来，广东多地被一场持续不断的强降雨"笼罩"，城市运转、民众生活均受到不同程度影响。 8月5日，一则以"鼎湖山山洪大暴发"为题的视频在网络上迅速传播，引发广泛关注。 鼎湖山，这座位于肇庆市鼎湖区、占地面积达1184公顷、最高峰鸡笼山海拔超1000米的中外重要科研基地，在暴雨的侵袭下"伤痕累累"。视频中，浑浊的泥 水裹挟着泥沙奔腾而下。 不过，8月5日下午，鼎湖区文化广电旅游体育局的一名工作人员向第一财经记者表示，过多的雨水导致当地积水过多。据其介绍，目前，洪水已经退去，政 府工作人员正在清理道路上的淤泥。 有肇庆市民向记者介绍，大雨从8月3日就开始下了，现在好多路面上全是厚厚的淤泥，走路都容易滑倒，开车更是小心翼翼，出行太不方便了。 8月5日下午，肇庆市公共汽车有限公司的一名工作人员也向记者表示："有些地方大面积泡水，车过不去。"当天，该公司发布 ...