具身智能热度持续升温，AI巨头争相入局！ 7月22日，记者从业内了解到，商汤科技正计划进军具身智能领域，其核心团队已经初步组建完毕，并正在业内"招贤纳 士"。 记者还了解到，在即将到来的2025世界人工智能大会（WAIC）上，商汤将发布具身智能平台，集成感知、视觉导航及多 模态交互能力，旨在为机器人、智能设备等多种智能终端提供强大赋能。 事实上，商汤布局具身智能早已有迹可循。今年4月，在商汤科技"2025技术交流日"上，商汤科技与松应科技完成战略合作 签约，未来双方将围绕具身智能数据仿真、研发管线及客户服务展开深度合作，加速具身智能技术的规模化落地。 有券商分析人士认为，商汤的具身智能棋局，本质是视觉基因的必然延伸：从"看懂世界"到"动手改造世界"。 2025年，具身智能赛道吸引了全球目光。谷歌AI模型Gemini Robotics展现了卓越的类人能力，Figure AI自主研发的端到端 VLA模型Helix，则实现了从语言理解到动作执行的无缝对接。 国内的互联网大厂也跃跃欲试，争相布局。 7月21日，京东宣布完成对千寻智能、逐际动力、众擎机器人三家具身智能头部企业的投资。在过去的两个月中，美团接连 对它石智 ...

Core Viewpoint - Guanglian Aviation's chairman Wang Zengduo is under investigation, but the company asserts that its operations remain stable and unaffected by this event [2]. Group 1: Company Overview - Guanglian Aviation was established on February 25, 2011, and specializes in manufacturing aerospace metal and composite components, as well as designing and manufacturing aviation tooling and aircraft [2]. - The company is recognized as a high-tech enterprise, a national-level specialized and innovative "little giant," and a technology innovation demonstration enterprise in Heilongjiang Province [2]. Group 2: Financial Performance - In 2024, Guanglian Aviation achieved a revenue of 1.048 billion yuan, representing a year-on-year increase of 41.64% [2]. - The net profit attributable to shareholders turned negative at -49.098 million yuan, a decline of 146.94% compared to the previous year [2][6]. Group 3: Strategic Adjustments - The company reported a temporary net loss due to significant increases in R&D investment, strategic adjustments in product composition, and changes in the pricing of aerospace component orders [6]. - These investments and adjustments are part of the company's proactive approach towards long-term development, with expectations for improved operational quality as new capacities are released and technological achievements are realized [6]. Group 4: Market Position - As of July 22, the stock price of Guanglian Aviation was 23.82 yuan per share, with a market capitalization of 7.078 billion yuan [7].

见习记者 舍梨 近日，公募基金二季报披露收官，券商资管的最新公募管理规模及基金经理观点也纷纷出炉。 从管理的公募资产规模来看，Wind数据显示，截至2025年二季度末，东方红资产管理（东证资管）、华泰证券资管、中银证券位居前三，规模均超千亿 元。此外，券商资管共有三位权益类基金经理的公募基金管理规模超百亿元，分别是东方红资产管理的李竞、周云以及中泰资管的姜诚。 头部券商资管公募管理规模普遍增长 Wind数据显示，截至二季度末，共有4家券商资管机构的公募基金资产管理总规模超千亿元。东方红资产管理以1798.43亿元排名第一，华泰证券资管以 1651.11亿元排名第二，中银国际证券、财通证券资管分别以1303.12亿元、1136.07亿元排名第三、第四。 随后是国泰君安资管、招商证券资管、中泰证券资管，分列第五至第七，浙商证券资管、广发证券资管、银河金汇也居于前十。与一季度末排名相比，广 发证券上升一位，由第十名晋升为第九名。 此外，相比于今年一季度末，头部券商资管的公募管理规模普遍增长，东方红资产管理、华泰证券资管规模增长均超200亿元，招商证券资管规模增长33 亿元。 | 庭号 | 草金公司 | | J 全部 ...

Group 1 - The actual controller Huang Tao's 16.74 million shares were judicially frozen, accounting for 12.88% of his direct holdings and 4.18% of the company's total share capital, with a market value of approximately 166 million yuan [2] - This is the fourth time Huang Tao has faced share freezing due to divorce disputes, with the frozen amount exactly matching the shares he is required to transfer to his ex-wife, Weng Shuhua, as per the final judgment in April 2025 [2] - After this freezing, the total shares frozen from Huang Tao reached 29.75 million, representing 22.89% of his holdings, raising concerns among investors about potential impacts on the company's internal management and stock price volatility [2] Group 2 - In April 2023, a final judgment was made in the divorce property dispute between Huang Tao and Weng Shuhua, requiring Huang to transfer approximately 16.75 million shares to Weng, resulting in a significant change in the company's shareholding structure [5] - Following the judgment, Huang's shareholding ratio decreased from 32.46% to 28.28%, while Weng became a significant shareholder with 4.18% of the company's shares [5] - The stock price of Liren Lizhuang increased from 7.15 yuan per share at the time of the judgment to 9.94 yuan per share, leading to a nearly 38% increase in the market value of the frozen shares [2] Group 3 - Liren Lizhuang's revenue has declined nearly 60% over the past four years, with revenues of 4.155 billion yuan, 3.242 billion yuan, 2.762 billion yuan, and an estimated 1.728 billion yuan for 2024 [7] - The net profit has also shown significant volatility, with losses reported in 2022 and 2024, and an expected net loss of 30 million to 42.5 million yuan for the first half of this year [7] - The company attributed the expected losses to declining revenue, reduced overall profits, and ongoing strategic investments in its own brand [7]

Group 1 - The Southern Eastern Hang Seng Technology Index ETF has surpassed HKD 50 billion in size, setting a new historical high and maintaining its position as the largest Hang Seng Technology ETF globally [1][2] - Year-to-date, the Southern Eastern Hang Seng Technology Index ETF has seen a significant net inflow of funds, with a total growth of HKD 12.4 billion, representing an increase of over 32% [2][3] - The ETF has gained popularity among investors, particularly from the "Northbound" capital, achieving a market share of 87% in the "ETF Connect" southbound ETF holdings as of June 30 [2] Group 2 - The ETF's growth is attributed to the improving macroeconomic conditions in China, structural growth opportunities from AI capital expenditures, and the gradual implementation of "anti-involution" measures [3] - The overall valuation of the Chinese stock market remains low compared to historical levels, suggesting potential for upward movement as market conditions become clearer [5][6] - Analysts believe that the Hang Seng Technology Index is likely to gain long-term growth momentum driven by AI benefits, policy support, and high-quality industry development [5]

【导读】君创基金、君创资管被出具警示函 近日，中国证监会深圳证监局披露了两份行政监管措施决定书，深圳君创私募股权基金管理有限公司（以下简称君创基金）、深圳前海君创资产管理有限 公司（以下简称君创资管）、朱峰均被采取出具警示函的行政监管措施。 君创基金、君创资管被出具警示函 7月21日，中国证监会深圳证监局披露的行政监管措施决定书显示，经查，君创基金在从事私募基金业务活动中，存在未按规定为私募基金办理基金备案 手续的情形。 | 索 | bm56000001/2025-00008745 | 崇 स्टे | 行政执法;行政监管措施 | | --- | --- | --- | --- | | 发布机构 | | 发文日期 | 2025年07月21日 | | ਲ 称 | 深圳证监局关于对深圳君创私募股权基金管理有限公司采取出具警示函措施的决定 | | | | 文 号 | 行政监管措施决定书〔2025〕103号 | 主题词 | | 相关行为违反了《私募投资基金监督管理暂行办法》（证监会令第105号，以下简称《私募管理办法》）第八条第一款的规定。依据《私募管理办法》第 三十三条的规定，深圳证监局决定对君创基金采取出具警示函 ...

Core Insights - Tesla has officially opened its first restaurant in Hollywood, California, fulfilling a vision proposed by Elon Musk in 2018 [1][2] - The restaurant features 80 V4 Supercharger stations and two 45-foot LED movie screens, operating 24/7 [2] - The establishment is open to everyone, not just Tesla owners, and includes a humanoid robot, Optimus, serving snacks like popcorn and drinks [3] Summary by Sections - **Restaurant Features** - Located at 7001 Santa Monica Boulevard, the restaurant combines a retro 1950s style with modern elements [2][4] - Customers can enjoy exclusive menu items like the Cybertruck burger and hot dog, and purchase Tesla-themed merchandise [4] - A digital ordering system will be introduced, allowing customers to order from their cars, with food prepared based on their proximity [4] - **Future Expansion Plans** - Elon Musk indicated that if the restaurant performs well, Tesla plans to establish similar locations in major cities and at Supercharger sites globally [4][6]

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has released data indicating a significant increase in foreign investment in China's stock and fund markets, signaling a positive outlook for the Chinese market despite a complex external environment [1][3]. Group 1: Foreign Investment Trends - In the first half of 2025, foreign investors net increased their holdings in domestic stocks and funds by $10.1 billion, reversing a two-year trend of net reductions [3][4]. - The net inflow of foreign capital into China's stock market was particularly strong in May and June, with a total of $18.8 billion, reflecting a growing willingness of global capital to allocate resources to the Chinese market [3][4]. - The total foreign holdings of domestic RMB bonds exceeded $600 billion, indicating a sustained interest in Chinese debt instruments [4]. Group 2: Cross-Border Capital Flows - The total cross-border income and expenditure of non-bank sectors reached $7.6 trillion, a year-on-year increase of 10.4%, marking a historical high for the same period [3][4]. - Non-bank sectors experienced a net inflow of $127.3 billion in cross-border funds, continuing the trend of net inflows observed since the second half of the previous year, with a 46% quarter-on-quarter increase in the second quarter [3][4]. Group 3: Foreign Exchange Market Developments - The total trading volume in the domestic RMB foreign exchange market reached $21 trillion in the first half of the year, a 10.2% increase year-on-year, with spot and derivative transactions accounting for 35% and 65% respectively [4]. - As of the end of June, China's foreign exchange reserves stood at $3.3174 trillion, an increase of $115.1 billion from the end of 2024, indicating a stable upward trend in reserves [4]. Group 4: Policy Measures and Market Stability - SAFE announced plans to promote innovative pilot policies across more free trade zones, aiming to enhance cross-border trade facilitation and investment openness [5][6]. - The agency is preparing to eliminate the registration requirement for foreign direct investment reinvestment in China, which is expected to streamline processes and reduce operational costs for foreign enterprises [6]. - The exchange rate of the RMB against the USD appreciated by 1.9% in the first half of the year, maintaining stability within a range of 7.15 to 7.35, which serves as an automatic stabilizer for the macroeconomy and international balance of payments [8].

【导读】港股基金最新重仓股大曝光 2025年上半年，港股市场大反攻，恒生指数领跑全球主要指数。与此同时，港股获公募大举增持，涉及医药生物、银行、传媒、计算机等领域，腾讯控 股、小米集团-W、阿里巴巴-W、宁德时代、美团-W等成为陆港通基金重仓股。 多位业内人士表示，展望未来，预计港股市场总体震荡向上，且以结构性行情为主。关注创新药、人工智能、互联网等方向。 根据最新出炉的基金二季报，多位基金经理在二季度布局了港股市场中的AI、智能驾驶、先进制程、电池、黄金等方向。在业内人士看来，香港市场的 繁荣才刚刚开始，后续关注创新药、AI、顺周期等方向。 在二季报中，前海开源沪港深非周期股票基金经理崔宸龙表示，二季度增加了部分固态电池等有较大技术进展的领域的持仓，同时更加均衡地配置了电力 以外的其它公用事业方向。展望后续，伴随着国内"反内卷"政策的逐步落地，积极跟踪包括光伏、储能等环节周期底部区间的翻转机会，同时也会结合新 兴产业的发展趋势，挖掘在技术进步中能够受益的相关企业。 与此同时，不少基金经理在二季度不同程度加大了对港股的投资力度。比如，李剑锋管理的易方达港股通优质增长，港股仓位由今年一季度末的79.51% 提升 ...

【导读】香港恒生指数突破25000点！全球最大恒生科技ETF规模突破500亿港元！ 规模突破500亿港元 7月22日，记者从南方东英获悉，截至7月21日收市，南方东英恒生科技指数ETF规模突破500亿港元，达501.25港元，刷新成立五年来的纪录。今年以 来，南方东英恒生科技指数ETF规模已上涨124亿港元，蝉联全球最大的恒生科技ETF。 南方东英认为，南方东英恒生科技指数ETF规模上涨主要受益于中国宏观经济稳中向好，AI资本开支创造结构性增长机会及"反内卷"举措稳步展开。 展望后市，南方东英表示，恒生科技指数有望在AI红利、政策支持及行业高质量发展推动下获得长期增长动能。其强劲的基本面获得境内外资金的认 可。 7月22日，香港三大股指全线上涨。香港恒生指数涨0.54%，报25130.03点，站在25000点之上；恒生科技指数涨0.38%，报5606.83点；恒生国企指数涨 0.39%，报9075.6点。大市成交2660.73亿港元。南向资金净流入27.17亿港元。 | 信义玻璃涨7.23%，中升控股涨6.15%，比亚迪（002594）股份涨5.09%，领涨蓝筹。 | | --- | | 序号 | 名称 | ...