Group 1 - The Shanghai Gold Exchange will be closed from October 1 to October 8 for the National Day holiday, with trading resuming on October 9 [1] - To mitigate risks associated with potential fluctuations in international gold and silver prices during the holiday, the Exchange is adjusting margin levels and price limits for gold and silver deferred contracts [1] - Starting from the close of trading on September 26, the margin ratio for various gold contracts will increase from 14% to 16%, and the price limit will change from 13% to 15%. For silver contracts, the margin will rise from 17% to 19%, and the price limit will adjust from 16% to 18% [1] Group 2 - Members are advised to enhance risk awareness and develop detailed emergency response plans to ensure market stability and healthy operation [2]

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 聂林浩）9月19日，由上海证券报和中欧基金共同主办的"金融教育宣传周-基金行业在行动"活动在中国证券博物馆礼查厅举行。 活动上，中欧基金正式发布《服务公约》，提出四大服务准则——常走动、常分享、常沟通、常创新，旨在积极响应"坚持以投资者为本"的监管号召，倡导 长期且专业的投资者服务，真正提升投资者获得感，以优质客户服务推动行业迈向高质量发展。 客户为先 以长期服务创造价值 近年来，证监会提出《推动公募基金高质量发展行动方案》，同时大力推动公募基金费率改革，多管齐下推动行业从"重规模、轻服务"向"坚持以客户为中 心，聚焦提升投资者长期回报"转型。 "这一监管导向清晰而明确。"上海证券报社党委常委、总编辑谭飞在致辞中表示，公募基金行业的未来，必须建立在投资者信任的基础之上，而信任的核 心，源于实实在在的获得感。 谭飞指出，金融机构可从以下三方面着手：一是践行"客户利益至上"的初心，通过优化产品设计、完善费率结构等举措，让利于投资者。二是强化专业赋能 与陪伴服务，提供有温度的投教内容和服务，陪伴投资者穿越市场周期。三是构建透明、诚信的沟通机制，保障投资者的知情 ...

Group 1 - Dongfeng Motor's Chairman Yang Qing met with Huawei's founder Ren Zhengfei and Vice Chairman Xu Zhijun to discuss strengthening strategic cooperation and innovation in corporate governance [1] - The discussions included topics such as industry competition, corporate mechanism innovation, and the ongoing collaboration between Dongfeng Motor and Huawei [1] - Dongfeng Motor is actively promoting the transition to new energy and intelligent vehicles, aiming to deepen strategic alignment with Huawei to face industry changes and market challenges [1] Group 2 - At the Huawei Connect 2025 summit, Dongfeng Motor and Huawei unveiled a joint innovation laboratory, marking a significant milestone following their strategic cooperation agreement signed in May 2025 [2] - The joint innovation lab will focus on four core areas: vehicle software development, advanced intelligent driving technology, AI applications, and breakthroughs in embodied intelligence [2] - Huawei has established itself as a significant player in the high-end smart vehicle market without manufacturing cars, collaborating with multiple automotive groups, including Dongfeng Motor [2]

9月23日，A股三大股指集体高开，沪指高开0.04%，深证成指高开0.68%，创业板指高开1.02%。 截至发稿，三大指数翻绿，沪指跌0.70%，深证成指跌0.53%，创业板指跌0.03%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 3801.91 | 13087.97 | 3107.05 | | -26.67 -0.70% | -70.00 -0.53% | -0.84 -0.03% | 盘面上，贵金属板块涨幅居前，晓程科技盘中涨超8%，西部黄金、山东黄金、中金黄金、山金国际等 跟涨。截至发稿，伦敦现货黄金站上3750美元/盎司关口，沪金期货主力合约日内涨近2%，现报853.70 元/克。 | 3732.5300 | -0.36% | | --- | --- | | 05:00 | 04:59 | | 成交对比 ▼ ② | 0.00 | | | 0.00 | | | L | | < > | 银行 4036.92 1.19% | | િ વ | | --- | --- | --- | --- | | 成份股 | 股吧 | | 资讯 | | 名称 | 最新 | 涨 ...

近期，上海、浙江、广东、福建等地的多家快递企业下发涨价通知，启动价格调整。 记者注意到，自国家邮政局7月召开会议反对"内卷式"竞争以来，停止"价格战"成为行业共识，多地快 递单票价格逐步回升，多家A股快递公司8月份单票收入实现了环比上涨。与此同时，头部快递企业纷 纷通过大数据、人工智能、无人车等科技手段推动降本增效。 在中通快递财报电话会上，公司创始人、董事长兼首席执行官赖梅松表示，今年开年直至七月份，快递 价格持续下行，"确实价格和成本脱钩比较厉害"。自8月5日起，快递行业价格有所调整，价格理性回 归，向良性方向发展，对公司整体利润有正向影响。 "价格的回升将有助于稳定网络、提升末端业务员收入，并最终推动行业走向价值竞争，有利于行业的 长期健康发展。"韵达股份也在半年报业绩说明会上表示。 科技创新推动行业有序竞争 业内人士称，随着四季度电商大促来临，快递行业有望借助旺季进一步完成价格修复，实现健康可持续 发展。 多地上调快递单票价格 9月19日，"三通一达"（圆通速递、申通快递、中通快递、韵达股份）以及极兔速递五家公司的上海公 司发布告客户书，称于9月22日零时起，对上海区域所有用户的快递收件价格进行上调。 ...

Core Viewpoint - The current market presents numerous investment opportunities despite structural characteristics, and asset allocation strategies are essential for capturing diverse returns while managing risks [1][4]. Group 1: Market Outlook - Investors maintain a positive outlook on equity assets, with the resilience of the Chinese economy becoming more evident this year, highlighting companies with sustainable profitability and competitiveness [2]. - The consensus is that in a low-interest-rate environment, equity assets remain attractive, and focusing on companies with core competitiveness is seen as the optimal solution for achieving excess returns [2]. - The current low risk-free return necessitates the inclusion of risk assets in investment portfolios to pursue higher returns [2]. Group 2: Asset Allocation Importance - The necessity of asset allocation is increasing as market volatility and the difficulty of obtaining returns grow, with professional investors emphasizing its importance [4]. - Asset allocation research can assist equity investment by identifying economic cycle stages and systemic risks through macro variables, and by optimizing asset styles under different economic growth and inflation scenarios [4]. Group 3: Investment Opportunities - Notable investment opportunities include the potential rebound of dollar assets and the continued upward space for assets represented by the renminbi [6]. - Gold is viewed as a strong tool for hedging portfolio risks due to its low correlation with the dollar, while copper is expected to perform well due to demand from new energy and AI, despite longer supply development times [6]. - In the current environment of low inflation and ample liquidity, a combination of stocks, bonds, and commodities, particularly gold, is favored for investment [6].

Core Viewpoint - The next three years are critical for Jiadu Technology, focusing on continuous investment in the intelligent transportation sector and strengthening its technological foundation [2] Group 1: Technological Development - Jiadu Technology aims to build a full-stack competitive advantage in the intelligent transportation field through continuous technological breakthroughs and self-reliance [2] - The company has adopted an "All in AI" strategy, focusing on AI innovations to empower the industry and commercialize technologies like AI large models [3] - Jiadu Technology has launched the first domestic operating system in the transportation industry, "Jiaotong Jiahong," to establish a self-controlled industry operating system [4] - The company has developed a dual-core technology system with "Jiaotong Jiahong" as the digital foundation and "Jiadu Zhixing Transportation Large Model" as the intelligent application brain [4] - Jiadu Technology has completed the adaptation verification of advanced models like DeepSeek-V3 and R1, deploying them in over 10 cities' intelligent transportation projects [4] - The company maintains a leading position in smart technology through significant R&D investments, particularly in rail transportation and operational energy-saving applications [4][5] Group 2: Financial Performance - In 2024, Jiadu Technology's R&D investment is projected to be 243 million yuan, with a total of 89 patent applications and 41 patents granted [5] - In the first half of 2023, Jiadu Technology achieved operating revenue of 4.919 billion yuan, a year-on-year increase of 65.22%, and net profit of 135 million yuan, marking a turnaround from losses [8] Group 3: International Expansion - Expanding overseas business is a necessity for Jiadu Technology, with a strategy focused on "deepening domestic and breaking through overseas" [6][7] - The company is preparing for an overseas share issuance (H-shares) and listing on the Hong Kong Stock Exchange to enhance its international competitiveness and brand image [7] - Jiadu Technology plans to establish a research and development center in Hong Kong and a Southeast Asia regional headquarters in Singapore, leveraging technology licensing and capital cooperation [8]

于变局中能显战略定力,在应用中激发产业活力,向核心技术领炼创新耐力。 斗技、文远知行、蓝箭电子的故事共同证明:唯有"芯"稳,方能行至更远的未来 佳都科技渐入佳境 ll in AI! O 记者 周亮 去美三年品作概科技 '卷 术为引擎" 关键期 , 我们要在看 雄交通餐球不断投入, 狩拔充管 技术配点," 日前,信用科技图 长兼执行总裁陈斯在披受上律 证券投记者专访时提示,伸概和 技ଣ在智能交通座道构筑点 栈式竞争力，通过不断技 术突破，自觉走好科技 自立自强之路。 在医師的推 O林椒糖 记者 帽子婴 车电子,新能服等领域的各种产品上。 从佛山老城区那片仅10审地的老厂房,壮大蛋 现今广房面积超8万平方米、智能化车间拥有 3000多自先进设备的现代化企业,集成电路与 分立播样的年生产能力从最初的60万只提升至 200亿只,直营电子绝缘坚守 "质量品保证,科技 作所属,效益为相本" 的经营方针,在半导体制 装测试领域开疆拓士,以战略决心和技术创新 学就导游 生死存亡之际的"关键一跃" 耐拔管电子不仅顺利度过了最观难的脸脸,还 成功实现了上市。 直营中被是越新与欣慰。 司的发展历程，吉语中德是越练与欣慰。 负了高达 ...

◎记者 陈玥 朱妍 随着权益市场稳步上行，中长期资金风险偏好提升，居民理财需求也从保值逐渐转向增值，公募"固收 +"、FOF等配置型产品则担负起"桥梁"作用，引导各路资金平稳入市。 业内人士表示，从银行理财转向公募"固收+"只是资金入市的第一步。随着反弹行情向纵深演绎，弹性 更高的"固收+"及权益类产品吸引力进一步增强，"资金流入—配置优质资产—上涨吸引更多资金"正循 环已逐步开启。 偏好改变引发新需求 央行发布的金融数据显示，8月，居民户新增存款1100亿元，比去年同期少增6000亿元。与此同时，非 银行业金融机构新增存款11800亿元，持续高增，且比去年同期多增5500亿元。前8个月，非银金融机构 累计新增存款同比多增22800亿元，结构上呈现从居民存款向非银存款转移的趋势。方正证券研报分析 称，存款利率的持续下行与资本市场的表现转好是推动本轮居民财富配置转向的主要因素。 今年5月，中国证监会印发的《推动公募基金高质量发展行动方案》明确，"加大含权中低波动型、资产 配置型等产品的创设力度""适配不同风险偏好投资者需求，促进权益投资、固定收益投资协调发展"。 "在居民资金入市过程中，'固收+'基金要承担底仓 ...

今日导读 ·工业和信息化部、国家发展改革委印发《工业园区高质量发展指引》，要求加快园区绿色设施建设， 加强屋顶光伏、分散式风电、多元储能、充电桩等新能源基础设施的开发利用。 上证精选 ·国家体育总局近日发布《关于推动运动促进健康事业高质量发展的指导意见》，旨在完善全民健身公 共服务体系，推动运动促进健康事业高质量发展，加快全民健身和全民健康深度融合，更好满足人民群 众运动促进健康需求。 ·工业和信息化部、国家发展改革委印发《工业园区高质量发展指引》，要求加快园区绿色设施建设， 加强屋顶光伏、分散式风电、多元储能、充电桩等新能源基础设施的开发利用。 ·央行9月22日公告，以固定利率、数量招标方式开展了2405亿元7天期逆回购操作，以固定数量、利率 招标、多重价位中标方式开展了3000亿元14天期逆回购操作。这是央行时隔8个月再度开展14天期逆回 购操作，也是央行调整其操作模式后的首次操作。 ·9月22日晚，DeepSeek小助手在官方社群中称，DeepSeek线上模型已升级，当前版本号DeepSeek-V3.1- Terminus。此次更新在保持模型原有能力的基础上，针对用户反馈的问题进行了改进，主要包括以下方 ...