突发利好，美股直线上涨 23日晚间，在特朗普宣布美日已达成贸易协议后，美国跟欧盟之间的关税战，也迎来好消息。 兄弟姐妹们啊，今晚继续关注海外市场的消息。 据报道，欧盟和美国即将达成一项贸易协议，美国将对欧洲进口商品征收15%的关税，类似于特朗普本 周与日本达成的协议。三位知情人士表示，欧盟方面可能同意所谓的对等关税，以避免美国总统从8月1 日起将关税提高到30%。知情人士还称，双方将免除一些产品的关税，包括飞机、烈酒和医疗设备。知 情人士表示，他们了解到这项15%的最低关税将包括现有关税，欧盟认为该协议实质上是巩固了现状。 目前为27.5%的汽车关税料将降至15%。这些人士还表示，欧盟将继续准备一项可能高达930亿欧元、最 高税率30%的报复性关税方案，以防在8月1日前无法达成协议。 消息出来之后，美股直线拉升，道琼斯指数大涨400点。 特朗普周二晚间在Truth Social上发文称，美国已与日本达成一项"重大协议"。该协议包括对日本出口至 美国的商品征收15%的"对等"关税。他还表示，美国正在与欧洲官员会面，力图与欧盟达成贸易协议。 美国正在争取在8月1日截止日期前与其他国家达成贸易协议。此前，特朗普在4 ...

【导读】多地金融监管局密集部署金融促进消费，更有地方明确要求将其纳入"日常监管" 7月23日上午，云南金融监管局发布公告称，鼓励银行机构增加消费金融供给，拓展消费金融应用场 景，高效服务消费品以旧换新扩围，加大重点消费领域的金融支持力度。 事实上，近一个月以来，全国多地金融监管局密集部署金融促进消费工作，有监管部门明确提出"将金 融助力提振消费纳入日常监管"。 多地金融监管局密集部署 云南金融监管局公告称，该局认真贯彻金融监管总局关于发展消费金融助力提振消费的工作要求，配合 开展云南省提振消费专项行动，从加强重点领域支持、提升风险管控能力、优化金融消费环境、强化宣 传引导四个方面提出落实举措。 2025年3月，中共中央办公厅、国务院办公厅印发《提振消费专项行动方案》。6月，央行等六部门联合 印发《关于金融支持提振和扩大消费的指导意见》，从支持增强消费能力、扩大消费领域金融供给、挖 掘释放居民消费潜力、促进提升消费供给效能、优化消费环境和政策支撑保障等六个方面提出19项重点 举措。 截至2025年6月末，云南省个人消费贷款（不包括住房按揭贷款）余额为3690.39亿元，同比增长 6.49%，高出各项贷款增速1. ...

Core Viewpoint - The Ministry of Science and Technology of China has released the "Ethical Guidelines for the Research and Development of Driving Automation Technology," emphasizing the need for objective and accurate communication regarding the capabilities of driving automation systems [1][2]. Group 1: Ethical Principles - The guidelines adhere to principles such as prioritizing safety, respecting life, ensuring fairness and justice, and guaranteeing informed consent and information transparency [2]. - The principle of safety prioritization requires that the research and application of driving automation technology must consider user and public safety, especially in unavoidable traffic accidents or extreme driving conditions [2][3]. Group 2: Risk Management and Data Privacy - The development of driving automation technology should include comprehensive risk monitoring and emergency mechanisms to control potential threats [3]. - A robust data privacy protection mechanism throughout the data lifecycle must be established, following principles of informed consent, minimal necessity, and de-identification [3]. Group 3: Responsibility Classification - The guidelines classify driving automation into six levels (0 to 5) based on the system's ability to perform dynamic driving tasks, with responsibilities assigned according to the level of automation and operational conditions [4][5]. - Levels 2 and below are categorized as advanced driver assistance, where the human driver is typically the responsible party [6]. - Levels 3 and 4 involve shared responsibility between users and the automated system, while level 5 places primary responsibility on the automated system unless the user intervenes [7]. Group 4: Public Communication and Misunderstanding Prevention - Developers and producers must clearly communicate the functionality, usage conditions, and precautions of driving automation products to the public [7]. - It is essential to clarify and correct any misinformation that may lead to public misunderstanding of driving automation technology, guiding users to use the products correctly and avoid misuse [7].

Group 1 - The Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, has commenced construction, igniting a surge in related A-share stocks [1][9] - Multiple companies, including *ST Zhengping and Huaxin Cement, have issued clarifications stating they currently have no direct involvement in the project, despite recent stock price increases [3][4][6] - The project is considered a significant national-level hydropower initiative, expected to create new demand in construction, electrical equipment, and civil explosives sectors [9] Group 2 - Companies such as Huaxin Cement and *ST Zhengping have expressed uncertainty regarding their potential participation in the project, highlighting the lack of guarantees for revenue and profitability [3][7] - The bidding process for the Yarlung Tsangpo project has not yet started, indicating that many companies are still awaiting formal engagement [6][7] - Analysts note that the project's complexity and high standards for materials may lead to concentrated benefits for leading companies, with a construction timeline potentially extending from 10 to 15 years [10]

Group 1: Company Overview - Luxshare Precision has announced its plan to issue H-shares and apply for listing on the Hong Kong Stock Exchange, aiming to raise funds for capacity expansion, technology research and development, and loan repayment to enhance its global strategy and financing capabilities [2] - The company is deeply integrated with Apple, being the largest manufacturer of AirPods and the second-largest for iPhones, as well as the exclusive supplier for Apple's Vision Pro headset [3] Group 2: Financial Performance and Growth Projections - Luxshare Precision expects a net profit growth of 20% to 25% for the first half of the year, with its ODM business in consumer electronics, automotive, and communication sectors growing significantly faster than the overall company average [3] - The company aims to achieve a balanced profit and loss from its acquisition of Wistron’s ODM business by 2025, with plans to elevate the business to industry-leading standards within two years and to the company's average level within three years [3] Group 3: Robotics Industry Development - Luxshare Precision is investing in the robotics industry, with a project in Changshu that has a total investment of 5 billion yuan, expected to be completed by the end of 2025, and aims to achieve an annual output value of 10 billion yuan [4] - The robotics project will incorporate advanced technologies such as AI visual recognition and high-precision sensing, focusing on industrial robot research and smart equipment manufacturing, creating a comprehensive lifecycle industry chain [4] Group 4: Market Position - As of July 23, Luxshare Precision's stock price was 37.96 yuan per share, with a market capitalization of 275.3 billion yuan [5]

Core Viewpoint - Tianjin Sequoia and Beijing Sequoia plan to reduce their holdings in Yirui Technology by up to 2% due to their own funding needs, marking the second reduction plan in the past year [2][3] Shareholding Reduction Plan - The reduction will be executed through block trading, with a total of up to 4,004,400 shares being sold, representing no more than 2% of Yirui Technology's total shares, to be implemented within three months from August 15 to November 14 [3] - The estimated market value of the shares to be sold is approximately 352 million RMB, based on the closing price of 87.99 RMB per share on July 23 [7][10] Previous Reduction History - In the previous reduction from September 30 to November 1, 2024, Tianjin Sequoia and Beijing Sequoia sold a total of 2,855,772 shares at prices ranging from 113.42 RMB to 123.03 RMB per share [8][10] Financial Performance - Yirui Technology has experienced a decline in net profit over recent years, with net profits of 641 million RMB in 2022, 607 million RMB in 2023, and 465 million RMB in 2024, reflecting a decrease of 23.43% year-on-year [11][12] - The company's revenue for 2024 was approximately 1.83 billion RMB, a decrease of 1.74% compared to 2023 [12] - In the first quarter of 2025, Yirui Technology reported a net profit of 143 million RMB, a year-on-year increase of 2.74%, but a decrease of 9.19% in net profit after excluding non-recurring items [13][14] Market Context - As of July 23, Yirui Technology's stock price was 87.99 RMB, with a market capitalization of 17.62 billion RMB, reflecting a decline of 2.46% [16]

【导读】瑞信证券正式更名为北京证券 瑞信证券的前身是瑞信方正证券。 2008年10月24日，经证监会批复，瑞信方正证券有限责任公司正式设立，由方正证券持股66.7%，瑞士信贷银行持股33.3%。 2020年6月，瑞士信贷银行完成对瑞信方正证券的增资，持有51%股权，成为外资控股券商之一。次年，公司更名为瑞信证券（中国）有限公司。 北京证券，你好！瑞信证券，再见！ 7月23日，方正证券（601901）发布公告称，瑞信证券（已更名为北京证券有限责任公司）完成股权变动的工商变更登记，公司不再持有瑞信证券股权。 至此，北京国资参股的券商增至5家，分别是中信建投（601066）、首创证券（601136）、第一创业（002797）、恒泰证券以及最新被核准收购的北京证 券。 2024年5月31日，瑞银吸收合并瑞信，继承了瑞信证券（中国）有限公司的51%股权和相应股东权利义务。 同年6月24日，北京国资公司与瑞银集团和方正证券就收购瑞信证券共85.01%股权达成三方协议。其中，北京国资公司收购瑞银集团持有的瑞信证券 36.01%股权，对价为9135万美元（约合6.505亿元人民币）；收购方正证券持有的瑞信证券49%股权，对价 ...

【导读】沪指盘中突破3600点，基金公司解读后市投资机会 在基金公司看来，当前市场或仍处于上涨趋势中，不能轻易言顶。与以往相比，此次行情基础更为扎 实，市场赚钱效应有望逐步扩散。 多因素驱动 7月23日，沪指、上证50指数等盘中突破3600、2800点，续写新篇章。 本轮指数突破有何独特之处？后续走势将如何展开？ 业内认为，近期市场的上涨是多重利好因素共同推动的结果。 对于近期的上涨，长城基金认为有几个驱动因素：一是"反内卷"政策不断深化。从去年7月中央政治局 会议首次提到"反内卷"到现在已有一年时间，范围不断扩大，从上游资源品、"新三样"到快递、航空 等，而不是像上一轮供给侧改革主要集中在传统行业的去产能。"反内卷"政策的推出及执行，有望上修 PPI和A股盈利预期。 二是世界级超级工程—总投资达1.2万亿元的雅鲁藏布江下游水电项目宣布开工，对顺周期板块的情绪 拉动较大，一定程度上可支撑指数上行。 三是中国资产重估大趋势不改，积极因素不断累积，包括世界多极化趋势、美国例外论受到质疑，中国 新质生产力出现高光时刻和国内丰富的政策工具储备等。 近期，A股市场表现强劲。沪指自7月9日成功突破3500点后，连续9个交 ...

【导读】中邮保险举牌绿色动力环保，险资年内已举牌21次 又有保险公司出手举牌上市公司。 中邮保险表示，以7月4日绿色动力环保港股收盘价和同日日终港元兑人民币汇率为基准，该公司持有绿色动力环保股票的账面余额约 为人民币0.941亿元，占公司2025年二季度末总资产的比例为0.014%，符合监管要求。 公司称，本次投资将纳入权益类投资管理。受托管理人中邮人寿资管将密切关注企业的经营状况及市场后续反应，不排除后期继续追 加投资的可能。 公告还披露，截至今年3月31日，根据新准则合并口径的中邮保险总资产为6313.8亿元，净资产为79.97亿元。截至6月30日，该公司权 益类资产账面余额为人民币1007.75亿元，占公司2025年一季度末总资产的比例约为17.08%。 资料显示，绿色动力环保成立于2000年，是北京市国有资产经营有限责任公司控股的专门从事循环经济、可再生能源产业的国有上市 企业集团，是中国垃圾焚烧发电行业内首家A+H股上市企业。此前，也有保险公司举牌绿色动力环保，去年7月31日，长城人寿增持 绿色动力H股至7015万股，持股比例增加至5.0343%，构成举牌。 年内险资已举牌上市公司21次 7月22日 ...

Core Insights - A significant capital influx is observed in Ethereum following the signing of the "Genius Act" by Trump, with Ethereum's price surging 8% to over $3600, reaching a market cap of $437.9 billion [1] - Many publicly listed companies in the U.S. are adjusting their cryptocurrency reserve strategies, incorporating Ethereum as a core asset on their balance sheets [1][2] - The number of entities holding Ethereum has increased from 40 in June to 59 by July 23, with the top 10 companies holding over 860,000 Ethereum, valued at approximately $3.2 billion, marking a 45% increase since June [2] Company Strategies - SharpLink Gaming has emerged as the largest holder with 360,000 Ethereum (approximately $1.3 billion), surpassing the Ethereum Foundation [3] - Bit Digital, a digital asset platform, raised about $172 million through a public offering and used the proceeds to acquire 120,000 Ethereum, indicating a strategic shift towards Ethereum due to its potential to "reshape the financial system" [4] - Companies are employing various financing strategies to acquire Ethereum, including selling Bitcoin and utilizing decentralized finance (DeFi) protocols for leveraged purchases [6] Market Dynamics - The "Genius Act" establishes a federal regulatory framework for stablecoins, contributing to the rapid increase in Ethereum's value [6] - Institutions are shifting their investment logic from speculation to balance sheet management, viewing Ethereum as a "digital treasury bond" and participating in staking and DeFi to generate annual cash flows of 5% to 10% [7] - Ethereum is becoming a favored asset in corporate portfolios, alongside other major cryptocurrencies like BNB, SOL, and TRX [7]