【导读】标普500指数再创新高，科技巨头亚马逊、马斯克再度加码AI，原油下跌、黄金提振 见习记者储是 美东时间7月22日，美股三大指数涨跌不一，标普500指数再创新高，科技股巨头涨跌不一，热门中概股普涨。 亚马逊、马斯克xAI继续加码AI领域；关税谈判陷入停滞，原油价格持续走弱，黄金价格因美元走弱而提振。 美股三大指数涨跌不一，市场在消化近期涨幅 截至收盘，道琼斯工业指数上涨0.40%，报收于44502.44点；纳斯达克指数下跌0.39%，报收于20892.69点；标普500指数上涨0.06%，报收于6309.62点，再 创新高。 Baird投资策略分析师Ross Mayfield指出，市场在消化近期涨幅，目前处于蓄势观望阶段。接下来一两周，两大重磅催化剂即将落地：一是8月1日的关税 大限，二是美股七巨头密集披露的关键财报。 大型科技股涨跌不一 大型科技股涨跌不一，谷歌上涨0.50%，苹果上涨0.9%，特斯拉上涨1.1%。英伟达下跌2.54%，Meta下跌1.16%，微软下跌0.94%，亚马逊下跌0.78%。 热门中概股普涨 热门中概股普涨，纳斯达克中国金龙指数收涨1.7%。大全新能源涨16.79%，蔚来涨超 ...

（原标题：今夜！涨停！） 【导读】焦煤、焦炭夜盘暴涨，美股下跌 中国基金报记者 泰勒 兄弟姐妹们啊，今晚继续关注海内外的 市场消息。 焦煤、焦炭夜盘暴涨 7月22日晚间，焦煤主力合约夜盘涨停，收涨11%，报1135.5元/吨，已连续第二个交易日涨停。焦炭涨 5.29%，纯碱涨3.84%。 消息面上，近日，国家能源局综合司发布关于组织开展煤矿生产情况核查促进煤炭供应平稳有序的通 知。详情可点击右边链接：炸裂大消息！刚刚，直线涨停！ 通知指出：今年以来，全国煤炭供需形势总体宽松，价格持续下行，部分煤矿企业"以量补价"，超公告 产能组织生产，严重扰乱煤炭市场秩序。为贯彻落实党中央、国务院决策部署，强化煤炭市场调控，进 一步加强产能管理，规范煤矿企业生产行为，促进煤炭供应平稳有序，国家能源局拟于近期在重点产煤 省(区)组织开展煤矿生产情况核查工作。 本次核查范围为山西、内蒙古、安徽、河南、贵州、陕西、宁夏、新疆等8省(区)的生产煤矿，已进入 联合试运转的煤矿参照生产煤矿进行核查。 核查内容包括：一是煤矿2024年全年原煤产量是否超过公告产能（其中已进入联合试运转的煤矿以公告 的建设规模为准），2025年1~6月单月原 ...

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].

Core Insights - The latest public fund reports reveal significant growth in the asset management scale of brokerage firms, with top firms exceeding 100 billion yuan in management scale [2][3]. Group 1: Asset Management Scale - As of the end of Q2 2025, four brokerage asset management firms have surpassed 100 billion yuan in public fund assets, with Dongfanghong Asset Management leading at 179.84 billion yuan [3][4]. - Other top firms include Huatai Securities Asset Management at 165.11 billion yuan, Zhongyin International Securities at 130.31 billion yuan, and Caitong Securities Asset Management at 113.61 billion yuan [3][4]. - Compared to the end of Q1 2025, the asset management scale of leading brokerage firms has generally increased, with Dongfanghong and Huatai Securities both growing by over 20 billion yuan [3]. Group 2: Fund Manager Performance - In the first half of the year, the A-share market was active, leading to strong performance from equity fund managers, with notable net value increases in their products [5]. - For instance, the Dongfanghong Medical Upgrade Stock Fund managed by Jiang Qi saw a net value growth of 44.55% in the first half of the year, reaching a new high since its inception [5][6]. - Fund managers are optimistic about the innovation drug sector, with strategies focusing on biopharmaceuticals and increased allocations to innovative drugs in the Hong Kong and STAR markets [6]. Group 3: Market Outlook - Fund managers express a positive long-term outlook, citing the transition to a low-interest-rate environment and the potential for wealth to shift from savings to equity assets [6]. - The anticipated economic slowdown may lead to a systematic increase in return on equity (ROE), supporting a long-term bullish trend in Chinese assets [6]. - The performance of certain cyclical industries has been mixed, but overall macroeconomic sentiment remains optimistic [7].

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].