在中央明确要求防止"内卷式"恶性竞争之后，相关部委积极行动，出台相关"反内卷"举措。 7月24日，国家发改委、国家市场监管总局发布关于《中华人民共和国价格法修正草案（征求意见稿）》公开征求意见的公告，完善了低价倾销 的认定标准，以规范市场价格秩序、治理"内卷式"竞争；国资委在京举办地方国资委负责人研讨班，要求带头抵制"内卷式"竞争，加强重组整 合；国家医保局副局长施子海表示，第11批集采不再以简单的最低价作为参考，且报价最低企业要公开说明报价的合理性，并承诺不低于成本 报价。 二级市场上，7月24日，在Wind中国行业指数中，基本金属指数以3.94%的涨幅位居行业指数榜首，且6月底以来加速上行；钢铁指数也大涨 2.43%，7月1日以来大幅上涨。 四部委出手"反内卷" 7月24日，国家发改委、国家市场监管总局发布关于《中华人民共和国价格法修正草案（征求意见稿）》公开征求意见的公告。 据公告披露，该修正草案共10条，主要涉及三方面内容，包括完善政府定价相关内容、进一步明确不正当价格行为认定标准、健全价格违法行 为法律责任。 在进一步明确不正当价格行为认定标准方面，一是完善低价倾销的认定标准，规范市场价格秩序，治理 ...

京东，又干了件大事！ 7月24日，有媒体报道，中国电商巨头京东正在与德国消费电子零售集团Ceconomy主要股东进行磋商， 考虑以每股约4.6欧元的价格提出收购要约。 财报显示，第一季度，Ceconomy销售额下降1.6%，降至52亿欧元，调整后的息税前利润（EBIT）仅 1000万欧元。德语区销售额明显承压，虽然1月至3月是传统销售淡季，但整体销售情况仍然不佳。 不过，其在线销售额逆势增长7.4%，达到近13亿欧元，占总销售额的四分之一。 在欧洲再造一个"京东" 【导读】京东拟收购德国消费电子零售商Ceconomy 这并非京东第一次试图收购Ceconomy。2023年，京东曾尝试收购，但最终未能达成协议。Ceconomy在 欧洲经营着超过1000家门店，市值约16亿欧元，对希望拓展欧洲市场的京东而言，是一个极具吸引力的 目标。 资料显示，京东在2022年初首次在欧洲落地独立零售品牌业务。2022年1月10日，京东宣布在荷兰开启 全新模式的"超级仓店"——ochama。"ochama"含义为"omnichanel amazing"，即"令人惊叹的全渠道购 物"。当日，位于荷兰鹿特丹和莱顿市的两家Ochama仓 ...

【导读】国务院总理李强将于7月26日出席2025世界人工智能大会 中国基金报记者 张舟 7月24日，A股三大指数集体大涨，上证指数收复3600点，报收于3605.73点，深证成指涨1.21%，创业板指涨1.5%。盘后，外交部例行记者会发布 重磅消息。 （原标题：今夜！重磅消息！） 外交部发言人郭嘉昆在例行记者会上宣布，国务院总理李强将于7月26日出席在上海举行的2025世界人工智能大会暨人工智能全球治理高级别会议 开幕式并致辞。 随后，郭嘉昆就涉及人工智能的多个提问逐一回应，并强调中方始终主张各方应该共同推动人工智能开放、包容、普惠、向善，不应该突出对抗 竞争，而应追求共享智能红利，实现共同发展。 中方始终主张各方共同推动人工智能开放、包容、普惠、向善 在被问及2025世界人工智能大会暨人工智能全球治理高级别会议相关安排及中方期待时，郭嘉昆表示，当前，人工智能技术迅猛发展，成为新一 轮科技革命和产业变革的重要驱动力量。中方举办2025世界人工智能大会暨人工智能全球治理高级别会议，是落实习近平主席提出的《全球人工 智能治理倡议》的重要行动，旨在打造人工智能领域的科技风向标、应用展示台、产业加速器、治理议事厅。 ...

Core Viewpoint - The innovative drug company ViliZhibo, which currently has no revenue and is operating at a loss, has gained significant attention in the Hong Kong stock market amid a bullish trend for innovative drugs [1]. Company Overview - ViliZhibo plans to globally issue 32.0544 million shares, with an initial offering price range of HKD 31.60 to HKD 35.00, resulting in an estimated entry fee of approximately HKD 3,535.3 per lot of 100 shares [3][5]. - The company has a strong lineup of cornerstone investors, including Tencent, E Fund, Zhengxin Valley Capital, and Gao Yi [5]. Financial Performance - For 2023, ViliZhibo reported a revenue of HKD 8.865 million, but it is projected to have no revenue in 2024 and the first quarter of 2025, with net losses of HKD 362 million, HKD 301 million, and HKD 75.367 million respectively [5]. - The company has only one client, BeiGene, from which it received USD 1.3 million in 2023 for a specified bridging study [5]. Market Response - As of July 25, ViliZhibo's stock closed at HKD 70.05, a 100.14% increase from its IPO price of HKD 35.00, indicating strong market demand [1][4]. - The subscription for ViliZhibo's shares exceeded 3,000 times, with a total subscription amount reaching HKD 330 billion, making it the hottest IPO in Hong Kong for July [4].

Core Viewpoint - The incident involving a BYD vehicle at Chengdu Tianfu International Airport has been clarified by the company, stating that the vehicle's braking system was functioning normally and the event was unrelated to the vehicle itself [2][4][6]. Group 1: Incident Details - A video circulated on social media showing a black BYD Han car driving erratically in the airport parking lot, leading to public concern about the vehicle being out of control [2]. - The vehicle reportedly made at least 30 circles in the parking lot, prompting police and fire department intervention, although no collisions occurred [2][6]. - The hashtag BYDOutOfControl trended on Weibo, reaching a peak position of 2 and accumulating 17.9 million views [2]. Group 2: Company Response - BYD's news verification office stated that they have gathered evidence against the online rumors and urged media and users to delete false information, indicating potential legal action against those spreading the rumors [4][6]. - The police report confirmed that the driver, identified as a 40-year-old male, was agitated due to being unable to contact a passenger, which led to the erratic driving behavior [6][7]. - The investigation ruled out alcohol or drug influence on the driver, and it was confirmed that no injuries or property damage occurred during the incident [6][7].

【导读】民生银行发布公告，原副行长石杰到龄退休，聘任李稳狮为副行长 年内总行多部门发生人员调整 今年上半年，民生银行的中层管理人员也经历一轮较大调整，该行总行多个部门总经理赴任地方，部分 一级分行行长调任总行。 7月23日晚间，民生银行（600016）发布公告称，经该行第九届董事会提名委员会审议通过，董事会决 定聘任李稳狮为该行副行长，自国家金融监督管理总局核准其副行长任职资格之日起正式就任。 新添一名"70后"副行长 据悉，李稳狮为民生银行的"老人"，现任民生银行北京分行行长。 简历显示，李稳狮出生于1977年，1998年获山西大学法学学士学位，2011年获清华大学高级管理人员工 商管理硕士学位；2004年加入民生银行，曾任民生银行太原分行公司银行管理部副总经理（主持工 作），能源金融事业部北京二部副总监、呼和浩特分部市场总监，能源金融事业部总裁高级助理，集团 金融事业部副总经理，总行资产保全部副总经理（主持工作），天津分行行长，总行战略客户部总经理 兼任地产金融部负责人。 在加入民生银行前，李稳狮曾在山西省贸易促进会国际投资贸易服务中心、北京市大都律师事务所等机 构工作。 同日，民生银行还发布公告称，董事 ...

Core Viewpoint - The European Central Bank (ECB) decided to maintain interest rates unchanged amidst a 2% inflation rate and uncertainties surrounding U.S. trade negotiations, marking the first such decision in over a year [2][6]. Group 1: Interest Rate Decision - The ECB's deposit rate remains at 2%, aligning with the expectations of most analysts [2]. - The decision comes after eight rate cuts since June 2024, raising questions about whether the easing cycle has ended or if further cuts are forthcoming [2][6]. - ECB President Christine Lagarde indicated that the bank is well-positioned to address challenges beyond trade disputes, such as a strengthening euro and upcoming public spending increases [2][6]. Group 2: Economic Context - The ECB noted that despite global challenges, the Eurozone economy shows resilience, with inflation currently at the mid-term target of 2% [7][8]. - External uncertainties, particularly trade disputes, continue to pose risks to economic stability [8][9]. - The ECB's future monetary policy adjustments will depend on data assessments and will follow a "meeting-by-meeting" decision-making approach [9]. Group 3: Market Reactions - Following the ECB's announcement, there were no significant changes in the euro exchange rate or stock markets [3]. - The euro has appreciated over 13% against the dollar this year, which may exert new pressures on inflation and consumer price growth [6].

Group 1 - The European Union has approved a measure to impose retaliatory tariffs on U.S. products totaling €93 billion, following a period of trade negotiations that seemed to be progressing [1][5] - The retaliatory tariffs will target high-value industrial products such as aircraft, automobiles, wine, and electrical equipment, with the first round of tariffs already implemented earlier this year on items like soybeans and motorcycles [5] - The EU's decision comes amid a backdrop of positive economic data, with the Eurozone's July Composite Purchasing Managers' Index (PMI) rising from 50.6 in June to 51, indicating economic resilience [4] Group 2 - Following the announcement of the retaliatory tariffs, European stock markets experienced a sharp decline, reversing earlier gains that were attributed to positive economic indicators [2][3] - Analysts expect the European Central Bank to maintain its current policy stance, although there may be one or two interest rate cuts in the next six months due to the ongoing trade tensions impacting export performance and inflation [4]

【导读】上半年我国黄金消费量为505.205吨，金条、金币消费量增23.69% 金价"涨涨涨涨涨"，最新数据来了！ 中国黄金协会最新统计数据显示，2025年上半年，我国黄金消费量为505.205吨，同比下降3.54%，其 中，黄金首饰199.826吨，同比下降26.00%；金条及金币264.242吨，同比增长23.69%。 中国黄金协会称，高金价抑制黄金首饰消费，轻克重、设计感强、附加值高的首饰产品仍受青睐。地缘 冲突加剧与经济不确定性使得黄金避险保值的功能进一步凸显，民间金条和金币投资需求大幅度增长。 高金价抑制黄金消费 金条、金币投资需求猛涨 中国黄金协会最新统计数据显示，2025年上半年，国内原料产金179.083吨，比2024年上半年减少0.551 吨，同比下降0.31%；进口原料产金76.678吨，同比增长2.29%。 2025年上半年，国内黄金ETF增仓量为84.771吨，较2024年上半年增仓量30.696吨，同比增长173.73%。 至6月底，国内黄金ETF持仓量为199.505吨。 金价方面，2025年上半年，全球地区冲突不断升级，避险情绪利好黄金，国际黄金价格大幅上扬。 6月底，伦敦现货黄 ...

Core Insights - The total scale of public funds in China reached a historical high of 34.39 trillion yuan as of the end of June 2025, surpassing the 34 trillion yuan mark [1][3][5] - The public fund scale increased by over 650 billion yuan from the end of May, reflecting a month-on-month growth of 1.93% [2][3][5] Fund Type Analysis - Bond funds saw a significant increase in subscription enthusiasm, with a month-on-month growth of 6.11%, reaching a total of 6.15 trillion yuan [2][6] - Mixed funds experienced a month-on-month growth of 3.4%, with the latest scale reaching 3.69 trillion yuan, marking the first increase after two months of decline [6] - Equity funds, including stock and mixed funds, contributed to the overall growth, with equity fund scale increasing by 2.7 billion yuan to 8.42 trillion yuan [6] - QDII funds also saw growth, with a month-on-month increase of 0.78% in share and 4.51% in scale, reaching 5737.51 billion shares and 6837.73 billion yuan respectively [7] Fund Redemption and Shrinkage - Money market funds faced net redemptions in June, with 164.56 billion shares redeemed, leading to a decrease in scale to 14.23 trillion yuan, a decline of 1.67 billion yuan [8]