Core Insights - Insurance capital is increasingly favoring high-dividend assets in the Hong Kong stock market, with significant increases in investment ratios and participation levels [1][3]. Group 1: Investment Trends - The investment balance in the Hong Kong market accounts for 51% of the total overseas investment balance of insurance institutions, making it the preferred choice for overseas stock and bond investments [3]. - 63% of institutions plan to increase their investment scale in Hong Kong stocks by 2025, with funds concentrated in the financial, energy, and telecommunications sectors [3]. - Insurance capital has made 19 significant investments this year, involving 15 listed companies, with two-thirds being H-shares, which are characterized by low valuations, high dividend yields, and stable dividends [3]. Group 2: Market Characteristics - H-shares are particularly attractive due to their price discount advantages and tax benefits, as dividends from H-shares held for over 12 months are exempt from corporate income tax [3]. - The Hang Seng AH-share premium index fell nearly 10% in the first half of the year but remained close to 130, indicating that A-shares are approximately 30% more expensive than H-shares [3]. - The internationalization of the Hong Kong stock market allows insurance capital to reduce portfolio volatility through dynamic balance holdings [3]. Group 3: Asset Reallocation - In the context of declining interest rates and the expiration of high-yield assets, insurance capital is under pressure to reallocate assets, favoring stable long-term returns from high-dividend Hong Kong stocks [4]. - Several insurance companies have also increased their positions in high-dividend A-shares in the first quarter of this year [4]. - The new accounting standards implemented in 2023 significantly impact insurance capital investments, leading to increased volatility in profit statements and prompting companies to focus on OCI-type assets to mitigate this volatility [4].

【环球网报道】据美国《野兽日报》报道，美国国土安全部部长克丽丝蒂·诺姆7日在社交媒体Instagram 上发帖征集意见，邀请粉丝从三幅肖像画中挑选他们认为最好的一幅，作为在南达科他州议会大厦悬挂 的官方肖像画。本就因"多次拍照和换装"问题争议缠身的诺姆，再度引发网友不满。 在进入特朗普政府出任国土安全部部长前，诺姆从2019年到2025年1月任南达科他州州长。本月7日，她 在社交媒体Instagram上贴出三幅她的肖像画并配文说，"你们觉得哪幅作品最适合作为官方州长肖像挂 在南达科他州议会大厦？" 在这三幅画中，诺姆都穿着西部风格服饰并骑在马背上，不过每幅画中她的服饰和神情有微妙不同。报 道称，在第一幅画中，诺姆若有所思地凝视远方。第二幅画中，她骑着马疾驰，耳环闪烁着，似乎正匆 忙追捕某个人。第三幅画中，诺姆微笑着，似乎在望向太阳的方向。 一些诺姆的支持者在评论栏中给出了他们的意见，一名支持者说道，"第二幅画捕捉到了你为让美国再 次安全的不懈追求。"另一名支持者说， "我喜欢第三张，因为它体现了州长的力量感和深谋远虑的作 风。" 另一方面，诺姆的做法也引来不少美国网民的批评。有人评论说，"我没开玩笑；在驱逐（ ...

Group 1: Industry Overview - The Chinese innovative drug industry is accelerating towards high-quality development driven by policy incentives and capital influx [1][3] - The National Medical Products Administration has introduced a "30-day fast approval channel" for innovative drug clinical trials, enhancing the efficiency of drug development [1] - The CSI Innovative Drug Industry Index has shown a cumulative return of approximately 5% over the past year, while the Hang Seng Hong Kong Stock Connect Innovative Drug Index has achieved a remarkable 34% return [3] Group 2: Company Highlights - Dongyang Sunshine Pharmaceutical Co., Ltd. (06877.HK) is set to list 112.7 million H-shares on the Hong Kong Stock Exchange, with trading expected to commence on August 7 [3][4] - The company has a strong focus on innovation, with R&D investment projected to exceed 20% of revenue in 2024 [4] - Dongyang Sunshine has led the domestic pharmaceutical industry in the number of patents published and authorized from 2014 to 2023, marking a shift from following to leading in technology [4] Group 3: Technological Advancements - Dongyang Sunshine is leveraging AI technology to enhance R&D efficiency, including AI-assisted patent literature summarization and the use of GAT algorithms to improve clinical trial success rates [4] - The first candidate drug developed through the AI-driven platform, HEC169584, has entered clinical trials, with plans for further AI applications in drug design [4] Group 4: Market Sentiment - The competitive landscape for domestic innovative drugs is improving, with expectations for a significant revaluation of the sector [4] - Upcoming negotiations for the 2025 medical insurance directory are anticipated to catalyze positive policy developments for the industry [4]

欧盟委员会发言人奥洛夫·吉尔7日称，欧盟仍在争取于7月9日前与美国达成一项原则性的双边贸易协议，目前双方仍在继续接触。欧盟已完成对 成员国、企业和利益相关方的意见征询，把谈判作为首要任务，但也为其他可能结果做准备。此前，美国对欧盟钢铝产品征收50%关税，对汽车 领域征收25%关税，对几乎所有其他商品征收10%基准关税。特朗普曾威胁若7月9日前美欧贸易谈判无突破，将对欧盟商品征收50%关税，欧盟则 决定对总额210亿欧元的进口美国产品加征最高50%关税，不过为给谈判留出时间，该报复措施推迟至7月14日生效。 美东时间7月7日，美股市场受关税政策等因素影响，三大指数全线下跌。Wind数据显示，截至收盘，道指下跌0.94%，纳指下跌0.92%，标普500 指数下跌0.79%。美国科技股多数下跌，万得美国科技七巨头指数跌1.07%。特斯拉盘中一度跌超8%，收盘跌6.79%，创近一个月最大跌幅。苹 果、谷歌母公司Alphabet、英伟达、微软、Meta均下跌，仅亚马逊微涨。此外，国际油价上涨，黄金维持震荡走势。（陈十一） 【环球网财经综合报道】据新华社报道，美国总统特朗普7日在社交媒体平台上宣布多项关税调整举措。原定于 ...

《纽约时报》称，在当天的新闻发布会上，有记者就这一似乎矛盾的情况向白宫新闻秘书卡罗琳·莱维特提问。对此，莱维特回应说， 邦迪当时指的是涉及爱泼斯坦案的全部文件。 【环球网报道】据美联社、《纽约时报》等美媒报道，美国司法部当地时间7日称，已故富商杰弗里·爱泼斯坦案件事关权势人物的"客 户名单"并不存在，这一表态相当于公开撤回该部部长帕姆·邦迪此前言论。对此，白宫在新闻发布会上作出回应。 美联社称，邦迪今年2月在接受美国福克斯新闻网采访时曾被问及是否会公布爱泼斯坦案件的"客户名单"，邦迪当时回答说，"它现在就 放在我办公桌上以待审阅"，从而引发围绕爱泼斯坦案"客户名单"的一系列猜测。然而，美国司法部却在本月7日表示，并没有所谓 的"客户名单"。 2019年7月，爱泼斯坦因涉嫌合谋拐卖和性侵未成年女性被捕，同年8月10日在纽约一座监狱死亡，法医认定其死于自杀。爱泼斯坦性侵 丑闻一经披露，便引起轩然大波。爱泼斯坦与美国政商各界的权贵和名人交往甚广，曾购买美属维尔京群岛的一座私人岛屿，并在那里 组织大规模未成年人性交易活动。该岛屿后来被称为"萝莉岛"，一些美国政客和名人被指曾到访过此地。美国总统特朗普去年参加竞选 时曾 ...

Core Viewpoint - The Taiwan military's "Han Guang 41" exercise has faced criticism due to the high prices of commemorative merchandise, leading to mockery from both soldiers and the public [1][2]. Group 1: Merchandise Pricing and Public Reaction - The Taiwan "Cultural Association" launched merchandise for the "Han Guang" military exercise, including patches, T-shirts, towels, and hats, with patches featuring military equipment designs [1]. - The price of the full-color patch is set at 500 New Taiwan Dollars (NTD), while the camouflage version costs 520 NTD, which has shocked many customers and soldiers [2]. - Soldiers have expressed frustration, stating that the price increase from last year's 350 NTD to this year's 520 NTD is unreasonable, questioning the necessity of purchasing these items themselves [2]. Group 2: Military Exercise Context - The "Han Guang 41" exercise will take place from September 9 to 18, with the first three days focusing on responding to "gray zone" threats from the People's Liberation Army [3]. - The exercise duration has been extended to 10 days and includes new weaponry, with over 20,000 personnel mobilized for the event [3]. - Concerns have been raised about the implications of these military preparations, with references to the potential for Taiwan to become a "powder keg" in the Western Pacific [3].

Core Insights - Hong Kong is presented with unprecedented historical opportunities in the global education landscape due to significant changes in international circumstances and uncertainties in study abroad policies in Europe and the US [1][9] - The development of Hong Kong's international education industry is crucial for building its own international education system and contributing to national development strategies, including the Greater Bay Area initiative [1][9] Group 1: International Education Development - Hong Kong aims to establish itself as an international education hub by creating a comprehensive international training system from primary to tertiary education to address structural demographic challenges [2][3] - The Hong Kong government has adopted proposals to enhance international education, including initiatives to attract, retain, and nurture talent, and strengthen cooperation with the Greater Bay Area [2][3] Group 2: Talent and Resource Attraction - By attracting high-quality international students, Hong Kong can inject vitality into the Greater Bay Area's technological innovation and industrial upgrading, while also nurturing globally competitive talents for the nation [4][8] - The experience of countries like the US and UK in leveraging their education sectors to boost tourism and local economies serves as a model for Hong Kong [4][8] Group 3: Infrastructure and Educational Quality - The development of hardware and educational facilities is essential for promoting STEM education and enhancing the overall educational environment in Hong Kong [5][7] - Proposals include establishing a comprehensive science museum in Hong Kong to support scientific education and cultural exchange, which would also integrate into the innovation ecosystem [5][7] Group 4: Research and Academic Collaboration - Hong Kong's strong academic resources and research capabilities can be leveraged to create an influential academic conference system, attracting top global scholars and enhancing the "Study in Hong Kong" brand [6][9] - Establishing international research funds and hosting academic conferences can further enhance Hong Kong's research environment and international influence [6][9] Group 5: Industry-Academia Integration - The integration of industry, academia, and research is vital for improving talent cultivation quality and providing comprehensive support from education to employment [7][8] - Collaborations between universities and Greater Bay Area enterprises can facilitate the rapid transformation of research outcomes into practical applications, enhancing students' practical skills [7][8]

【环球网报道 记者 赵建东】据日本雅虎新闻网、英国"The London Economic"等媒体报道称，美国总统特朗普近日在接受福克斯新闻采访中， 似乎忘记日本首相石破茂的名字，而称他为"日本先生"。报道称，美国所谓"对等关税"90天暂缓期将于7月9日结束，特朗普政府此时正处紧张 时刻。 《日经亚洲》援引学者的话分析称，特朗普对日本的无知令人恼火。当然，石破茂似乎也发现，特朗普根本就不在乎他的名字。 日本首相石破茂曾在多个场合表示，日本要的是美方全面取消加征的关税，不接受类似英国与美国达成的附带汽车出口配额的协议，也不接受 10%的所谓"基准关税"。 英媒称，特朗普此前说将向其他国家领导人致信，阐述美方关税要求，但他似乎不知道该把这封有关日本的信寄给谁。特朗普在接受福克斯新 闻采访中称，他将给"日本先生"寄信，而他指的是日本首相石破茂。 "我要寄信了，贸易谈判就此终结。我可以给日本发一封"，特朗普还想象着信上的内容向主持人口述称："亲爱的日本先生，事情是这样的。你 将为你们的汽车支付25%的关税。" 法新社称，7月9日是美国暂缓执行"对等关税"的最后期限，在此背景下，日本正寻求与美国就贸易问题进行谈判。报道 ...

Group 1 - Ukraine has submitted a "secret military equipment list" to Germany, valued at several billion euros, which includes air defense systems, ammunition, and armored engineering vehicles [1][3] - The specific procurement request includes 4 IRIS-T SLM air defense systems, 1,500 IRIS-T SL missiles, 200,000 rounds of 40mm air defense ammunition, 1,000 mine-clearing vehicles, 20-30 WiSENT AEV armored engineering vehicles, 200 ground surveillance radars, and 1,000 anti-drone GPS jamming devices [3] - Germany has committed to providing 4 IRIS-T SLM systems under a €5 billion aid framework, with missile procurement expected to exceed the total of the past three years [3] Group 2 - Germany is also enhancing its own defense capabilities, considering spending over €25 billion to procure 2,500 armored vehicles and 1,000 main battle tanks to deter Russia [3] - The budget for military aid to Ukraine has increased from €7.1 billion to €8.3 billion this year, providing financial space for the German Defense Minister to meet some of Ukraine's requests [3] - The demand for 200 ground surveillance radars may be exceeded, with Germany previously committing to 100 units and later revealing plans to deliver a total of 1,100 radars [3][4]

Group 1 - The U.S. Department of Justice and FBI concluded there is no evidence that Jeffrey Epstein extorted powerful individuals or maintained a "client list" [1][3] - Elon Musk responded to the evolving narrative regarding Epstein's case, stating that the latest report was "the last straw" [3][4] - The investigation into Epstein's activities and his death has been a point of contention, with previous claims about a "client list" being officially refuted by the DOJ [3] Group 2 - Musk's social media activity reflects his engagement with the Epstein controversy, including a deleted post suggesting a connection between Trump and the Epstein case [4] - The ongoing discourse around Epstein's case has implications for public figures, including potential reputational risks for those mentioned in relation to the case [3][4]