53位意向投资人预报名 今年6月12日，嘉兴市中级人民法院裁定受理合众新能源破产重整一案，并于同日指定浙江海浩律师事 务所、浙江子城律师事务所、上海市君悦律师事务所担任合众新能源联合管理人。为维护合众新能源全 体债权人利益，提升合众新能源重整价值，实现资源优化配置，管理人通过公开方式招募重整投资人。 6月30日，管理人在阿里平台发布《合众新能源汽车股份有限公司重整意向投资人预招募公告》。截至 记者发稿，意向投资人预报名达到了53人。 备受关注的哪吒汽车破产重整又有新进展。8月4日晚间，合众新能源汽车股份有限公司（哪吒汽车母公 司，下称"合众新能源"）管理人发布了《公开招募重整投资人》公告。 正式招募重整投资人 证券时报记者发现，此次正式招募公告，对招募流程、保证金及重整投资方案等方面，均给出了具体说 明。而此前的预招募公告没有涉及。 本次正式招募公告明确，重整意向投资人的行业分类可不受限制，但具有较强的产业布局和资源整合能 力、能够明确提供产业资源支持，或者具有投资/经营/收并购同等规模企业的实力、具有与合众新能源 同行业/相邻行业同等规模企业相适应的运营经验及经营能力者，在同等条件下将被优先考虑。 意向重整 ...

在总体交投方面，据统计口径，今年7月沪深京三市合计成交量2.94万亿股，创出年内月度新高，较今 年6月的成交股数增加超过8000亿股；今年7月沪深京三市合计成交额37.58万亿元，创出年内月度新 高，亦为去年"9·24行情"启动以来的单月次高，较今年6月的成交额增加超过10万亿元。 从个股表现来看，今年7月合计超过3600只A股上涨，占到全部A股总数的逾三分之二。其中，超过1000 只股票7月累计涨幅超过10%，占到全部A股总数的近两成。这里面，合计超过200只股票7月累计涨幅 超过三成。 8月4日，上交所发布的新开户数据显示，其今年7月A股新开户196.36万户，较6月的新开户数164.64万 户增长超过30万户，环比增长近两成，同比增长71%（去年7月其A股新开户数则为115.14万户）。今年 前7月上交所A股合计新开户数达到1456.13万户，较去年同期合计新开户数1063.79万户增长36.88%。 其中，个人新开户195.4万户，机构新开户0.96万户。另外，基金新开户16.15万户，B股新开户0.07万 户。将A股、B股、基金的新开户数加总，7月上述3类新开户数合计达212.58万户，较同一口径下 ...

政府支持力度推动评级上调 在对中小银行评级的过程中，资本实力与地方政府的支持力度往往被评级机构纳入重要考量。其中，多 地政府及地方国企通过注资或受让股权的方式进一步提高对中小银行的持股比例，国有股占比的提升亦 有助于优化其股权结构，提升公司治理水平，增强抗风险能力。 前述9家获上调评级的银行中，汉口银行、秦皇岛银行均在去年完成增资，日照银行以利润转增股本推 动实收资本增加4.5亿元，武汉农商行则在去年底获批定向募股不超过7.71亿股。 以汉口银行为例，该行2024年完成8.74亿股定向募股，新增股东主要为武汉市属、区属优质国企。增资 完成后，该行的国家股及国有法人股合计占比提升至68.49%。 中小银行最新评级结果陆续出炉。 证券时报记者注意到，最近两个月内，已有合计9家中小银行主体信用评级获上调，包括7家城商行和2 家资产规模靠前的农商行。从评级上调的原因来看，上述银行普遍受益于区域经济发展，通过改革化 险、强化资本实力等举措赢得了评级认可。另外，多家银行还完成了大规模增资扩股，并获得地方国资 增持。 与此同时，年内合计有4家小型农商行主体评级被下调，另有多家中小银行评级报告延迟披露，均为年 报未公布，但具 ...

Core Insights - The EDA industry is experiencing a merger wave driven by artificial intelligence, with companies aligning their strategies towards AI integration [1] - The largest merger in EDA history, Synopsys' acquisition of Ansys for $35 billion, is expected to significantly expand market potential and enhance simulation capabilities [2] - EDA companies are increasingly focusing on expanding their capabilities beyond semiconductor design to include automotive and aerospace sectors [3] Group 1: Mergers and Acquisitions - Synopsys' acquisition of Ansys is a landmark deal, with Ansys holding a 42% market share in engineering simulation software, which will potentially increase Synopsys' market size by 1.5 times [2] - Cadence's acquisition of BETA CAE Systems for $1.24 billion and Siemens EDA's acquisition of Altair Engineering for $10.6 billion further illustrate the trend of EDA companies expanding their simulation capabilities [3] Group 2: AI Integration - The integration of AI into EDA processes is enhancing system-level optimization, moving from design process optimization to system technology optimization [4] - AI is being utilized to improve the design verification process, allowing for earlier intervention in chip development to reduce risks and enhance quality [5] - EDA tools are being developed to address the complexities of AI-driven chip designs, with a focus on improving data transmission efficiency and power management [5] Group 3: Industry Trends - The EDA industry is shifting towards a fully intelligent process, where AI covers the entire design, simulation, and verification chain, transforming engineers from operators to decision-makers [9] - There is a growing need for cross-scale collaboration to bridge gaps between system-level design and chip manufacturing [9] - Continuous technological innovation is expected to drive EDA advancements, with new processes, materials, and applications emerging [9]

今年以来，农信改革加速推进。截至目前，河南、内蒙古、江苏、江西等地的农村信用社省级机构已挂 牌营业，国内由农信改革而生的新省级机构达到了10家。 改革发展向来离不开人才。近期，浙江、辽宁、海南、江西等地的多家农村信用社省级机构均发布了社 会招聘公告，招纳总行高管、金融科技、公司金融等相关人才。 业内人士指出，各地农村信用社省级机构陆续筹备落地，经营状态也将从"挂牌运营"走向"完善治理"， 相应的人才队伍特别是金融科技人才急需补充和储备，以来提升差异化服务、数字化风控等能力，预计 未来市场化招聘高管也将成为新趋势。 多家银行发布招募令 7月底，浙江农商联合银行发布公告称，面向全省市场化选聘系统内农商银行经理层岗位人员，具体选 聘岗位为桐庐农商银行副行长1名、嘉善农商银行副行长1名、龙游农商银行副行长1名。 浙江农商联合银行成立于2022年4月，由浙江省农村信用社联合社改制设立，也是全国深化农信社改革 的"第一单"，采用"下参上"的股权模式。目前，浙江农商联合银行下辖82家县（市、区）农商银行、农 信联社，本次招募副行长的三家农商行均为旗下成员。 近期，辽宁农商银行也发布了总行及市级机构管理人员招聘公告，合计招聘 ...

Group 1 - The paper industry is experiencing a price increase wave, with leading companies like Nine Dragons Paper, Lee & Man Paper, and Shanying International announcing price hikes effective from August 1, marking the fourth round of price adjustments since July [1] - The primary driver for this price increase is the rising costs of raw materials, energy, and logistics, particularly affecting packaging paper prices [1] - The price of waste cardboard, a key raw material for corrugated paper, has a strong positive correlation with corrugated paper prices, with recent supply issues leading to price adjustments of 20-40 yuan/ton in certain regions [1] Group 2 - Manufacturers' pricing strategies aim to stimulate downstream purchasing and reinforce price increase expectations, encouraging packaging companies to procure in advance and reduce inventory pressure [2] - Despite frequent price hikes, weak terminal demand and overcapacity in the paper industry create uncertainty in the transmission of price increases through the supply chain [2] - The corrugated paper price increase has not fully translated to the packaging sector, with some packaging companies engaging in price competition due to insufficient orders [2] Group 3 - The overall profitability of the paper industry is expected to remain low in the second half of the year due to the linkage between raw material costs and paper prices [3] - Long-term challenges include overcapacity and insufficient demand, leading to severe competition and price wars among companies [3] - The Guangdong Provincial Paper Industry Association has initiated a campaign to promote high-quality development and combat low-price competition, indicating a push towards healthier industry practices [3]

魏博 过去，企业谈心理，多聚焦基层员工。而今，心理风险已上移至部分企业高管。其背后是经济波动、职 场文化异化及社会压力叠加的综合结果。深圳某创投机构今年首次将"心理资本净值"写进商业计划书模 板，投资人现场追问创业者："你们的心理资产负债表够厚吗？" 何谓心理资本？组织行为学家路桑斯将其概括为"自我效能、乐观、希望、韧性"四要素，这些元素构成 了员工的心理韧性，影响员工对工作的投入度、创新能力以及应对压力的能力。这种能力既取决于微观 个体的体验，也来自于企业管理系统和组织文化的塑造。具备高韧性的组织，在给予员工物质回报的同 时，还善于塑造稳定、清晰、一致的文化价值观，让员工获得"心理回报"。 构建企业心理资本是一项战略投资，需要高层引领、文化奠基、系统干预、环境支持和持续评估。它不 是简单地提供"急救包"式的危机干预，而是通过塑造积极的组织环境、赋能的管理实践和科学的发展项 目，系统性地提升员工应对挑战、追求目标、保持积极和恢复活力的核心心理能力。最终，这将转化为 组织的韧性、创新力、生产力和可持续竞争优势。心理资本的构建，不是为员工披上铠甲，而是点燃他 们内心的火种——让挑战成为燃料，让挫折成为阶梯。当企业 ...

Core Viewpoint - The launch of fully autonomous Robotaxi services in Shanghai marks a significant step towards the normalization and scaling of intelligent connected vehicle operations in China [1][4]. Company Summary - Pony.ai has partnered with Jinjiang Taxi to operate fully autonomous Robotaxis in Shanghai's Pudong New Area starting August 1, with operational hours from Monday to Friday, 7:30 AM to 9:30 PM [1]. - The Robotaxi utilizes Pony.ai's fifth-generation autonomous driving system, which includes 7 cameras, 4 LiDARs, and 4 millimeter-wave radars, providing a 200-meter field of view for enhanced safety [2][3]. - The Robotaxi has accumulated over 500,000 hours of fully autonomous operation and has conducted more than 50 million kilometers of road testing globally, demonstrating its safety and reliability across various conditions [3]. Industry Summary - The global market for Robotaxis is expected to experience explosive growth, with projections indicating an increase from $54 million in 2025 to $47 billion by 2035, reflecting a compound annual growth rate of over 60% [4]. - The Chinese government has issued over 16,000 testing licenses and opened 32,000 kilometers of testing roads, facilitating the commercial rollout of Robotaxis [4]. - The recent issuance of new intelligent connected vehicle operation licenses is anticipated to accelerate the large-scale commercialization of Level 4 autonomous driving technology in China [5].

Core Viewpoint - The successful installation of the CB20 module at the Shandong Haiyang Nuclear Power Plant Unit 3 marks the completion of all large module installations, transitioning the project into the equipment installation and debugging phase [1] Group 1: Project Details - The Haiyang Nuclear Power Units 3 and 4 are key projects under China's 14th Five-Year Plan, with a planned full operation by 2027 [1] - The installation of the CB20 module is a significant milestone in the construction of the nuclear power plant [1] Group 2: Industry Context - The development of nuclear power projects like Haiyang is part of China's broader strategy to enhance energy security and transition to cleaner energy sources [1]

Core Viewpoint - The tourism industry in China is entering a rapid development phase, becoming the largest domestic tourism market globally and a major source and destination for international tourism. The "14th Five-Year Plan" period is crucial for enhancing the modern tourism system and building a strong tourism nation, with a focus on cultivating new quality productivity as a key driver for tourism development [1] Group 1: Significance of Cultivating New Quality Productivity in Tourism - The tourism industry, as a significant area for consumption upgrade, can effectively promote domestic demand growth through quality enhancement and expansion [2] - As a labor-intensive industry, improving quality and efficiency can help stabilize employment [2] - The tourism sector plays a vital role in ecological civilization construction, with its innovative development contributing positively to green industry [2] - The dual role of tourists as both demand subjects and components of tourism products creates a close interaction among laborers, materials, and objects in the tourism industry [2] Group 2: Relationship Between New Quality Productivity and Production Relations - High-quality development in tourism is essentially a manifestation of new quality productivity within the sector, driven by the widespread application of digital and intelligent technologies [3] - The promotion of new technologies and models requires systematic adjustments in the entire tourism industry chain's production relations [3] - Constructing production relations that adapt to new quality productivity in tourism is a core issue for promoting high-quality industry development [3] Group 3: Key Breakthrough Directions for New Quality Productivity in Tourism - Strengthening inter-departmental collaboration to overcome barriers in tourism industry integration is essential [4] - Establishing a feedback mechanism that connects technology-driven supply innovation with tourism demand is crucial for deep interaction between new quality productivity and new consumption [4][5] - Encouraging the integration of technology with services and consumption to enhance the overall value chain in tourism [5] - Fostering strategic emerging industries in tourism through independent innovation and addressing technological bottlenecks in key areas [5][6] Group 4: New Empowerment System for Industry Integration and Innovation - A collaborative approach led by cultural and tourism departments, along with other relevant ministries, is necessary to address issues like non-unified standards and data interoperability [6] - Establishing effective channels connecting R&D and market demands, and creating tourism technology innovation centers in key cities is vital [6] - Implementing a "prudent inclusivity" regulatory approach for emerging tourism business models and establishing a dynamic negative list system for new technology applications [6]