Core Insights - The innovative drug Zeli Mei (Benvimod Cream) has been strongly recommended by the American Academy of Dermatology (AAD) for the treatment of atopic dermatitis, marking a significant recognition for a Chinese-developed medication [1] - Following this endorsement, the price of Zeli Mei was reduced from 980 yuan to 360 yuan, a decrease of 63%, leading to a surge in demand and stock shortages across major e-commerce platforms [1][2] Company Actions - Shanghai Zedeman Pharmaceutical Technology Co., Ltd. announced the price adjustment as part of its efforts to enhance drug accessibility, achieved through optimized production processes and increased capacity [2] - The company has committed to ensuring supply and accelerating the integration of the drug into various health insurance systems [2] Market Response - The market response to the price reduction has been overwhelmingly positive, with product inquiries increasing over 20 times on platforms like JD Health and Alibaba Health [1] - Experts highlight that the success of Zeli Mei reflects the organic combination of high quality and affordability in China's innovative drug sector, contributing positively to the health of the population [2]

1.2万亿元雅下水电工程开工，引爆A股市场！7月21日，水电概念股全线高开，A股市场高开震荡上 行，沪指收获四连阳，创业板指午后跟进涨势，沪指、创业板指双双创年内新高；港股方面，恒生指数 早盘一度站上25000点，为2022年2月以来首次。西藏、水利板块全线爆发，水泥、基建等方向也发力补 涨。创新药、军工板块双双低开高走，核心股获得高溢价。 业内分析认为，A股继港股后逐步转为增量市场，随着雅下水电工程项目的正式开工，多个细分行业的 需求将迎来确定性增长。受益于国家赋能、国际金融中心地位提升及增量资金流入，下半年港股将持续 走强。 A股放量成交超4000股飘红 7月21日，A股市场高开震荡上行，沪指收获四连阳，创业板指午后跟进涨势，沪指、创业板指双双创 年内新高。截至收盘，沪指涨0.72%，深成指涨0.86%，创业板指涨0.87%。A股超4000股飘红，涨停家 数创近2个月新高。全市场总成交额1.73万亿元，较上个交易日放量1338亿元。 港股方面，恒生指数早盘一度站上25000点，为2022年2月以来首次。截至收盘，恒生指数涨0.68%，恒 生科技指数涨0.84%，国企指数涨0.60%。 迎政策利好创新药板块 ...

Core Viewpoint - The ownership transition of the snack brand Liangpin Shop has encountered legal challenges, specifically a lawsuit involving its controlling shareholder, Ningbo Hanyi, and Guangzhou Light Industry Group, which may affect the control transfer to Wuhan Changjiang International Trade Group [2][6][7] Group 1: Legal Proceedings - On July 21, Liangpin Shop announced a lawsuit involving its controlling shareholder, Ningbo Hanyi, and Guangzhou Light Industry Group regarding a share transfer dispute, with Liangpin Shop as a third party [2] - The lawsuit, filed by Guangzhou Light Industry Group, claims a breach of contract by Ningbo Hanyi, with a disputed amount of 996 million yuan (approximately 9.96 billion) [3] - The Guangzhou Intermediate People's Court has accepted the case, and the outcome remains uncertain, potentially impacting the control transfer to Wuhan Changjiang International Trade Group [2][7] Group 2: Share Transfer Agreement - On July 17, Liangpin Shop announced the introduction of Wuhan state-owned capital, specifically Wuhan Financial Holding Group, as a strategic investor, which will become the new controlling shareholder [4] - Ningbo Hanyi agreed to transfer 72,239,880 shares at a price of 12.42 yuan per share to Wuhan Changjiang, totaling 10.46 billion yuan, representing 21% of Liangpin Shop's total share capital [4][5] Group 3: Implications of Ownership Change - The introduction of state-owned capital is expected to optimize the shareholder structure and enhance the company's creditworthiness and risk resistance, thereby promoting stable development [5] - The ownership change aims to alleviate Ningbo Hanyi's debt risks, as it seeks to divest part of its stake in Liangpin Shop [6]

Group 1 - A-shares experienced a strong performance with the Shanghai Composite Index rising 0.72% and the ChiNext Index increasing by 0.87%, both reaching new highs for the year [1] - The total trading volume in the A-share market was 1.73 trillion yuan, an increase of 133.8 billion yuan compared to the previous trading day, with over 4,000 stocks gaining [1] - The Hong Kong market also showed positive movement, with the Hang Seng Index closing up 0.68% and reaching above 25,000 points for the first time since February 2022, with a total trading volume of 263.01 billion HKD [1] Group 2 - According to CITIC Securities, the A-share market is gradually transitioning to an incremental market, focusing on sectors with expected differences and potential consensus among investors [2] - Analysts from various institutions noted that the market is seeing a positive feedback loop with incremental capital inflow, particularly after the recent half-year report season [2] - Certain sectors such as electricity, copper, aluminum, and steel are gaining attention as defensive investments, while technology sectors like robotics, computing power, innovative pharmaceuticals, and national defense are also attracting capital [2]

Group 1 - JD's first self-operated takeaway store "Qixian Xiaochu" officially opened on July 20, marking a significant step in its food delivery business [2] - The store operates on an "online ordering + self-pickup" model, with no dine-in options available [2] - The store is located in Beijing and has already sold over 800 items with a high rating of 4.9 [2] Group 2 - The menu includes a variety of dishes such as stir-fried specialties, pasta snacks, fried rice, and beverages, with prices ranging from 5.8 to 33.8 yuan after discounts [2] - JD's founder Liu Qiangdong indicated that the company's strategy focuses on leveraging the fresh supply chain rather than solely competing in the food delivery market [6] - JD has been accelerating its offline fresh retail layout, including the opening of the first "Qixian Meishi MALL" in Harbin, which combines supermarket and dining experiences [6]

Group 1 - The core focus of the article is on the innovative cooling technology introduced by OPPO in its K13 Turbo series, which aims to enhance user experience by addressing mobile phone overheating issues [1][3]. - OPPO's self-developed "疾风散热引擎" (Swift Cooling Engine) features a compact design with high airflow, waterproof capabilities, and low power consumption, significantly improving the phone's cooling performance [1][3]. - The cooling engine utilizes an L-shaped ultra-low airflow design, which allows for precise cooling and efficient heat dissipation, enhancing airflow by 20% compared to traditional designs [3]. Group 2 - The K13 Turbo series is equipped with a 7000mAh battery and 80W super flash charging, allowing the device to charge from 1% to 100% in just 54 minutes, catering to users who frequently engage in video recording, gaming, and streaming [5]. - The series incorporates a smart charging experience through the "智慧充电引擎5.0" (Smart Charging Engine 5.0), which offers various intelligent charging options, including fast charging and night charging speed reduction to extend battery life [5].

Economic Recovery in Guangdong - Guangdong's economy continues to show signs of recovery in the first half of 2025, supported by a steady increase in social financing and credit growth, injecting strong momentum into the real economy [1] - The People's Bank of China (PBOC) Guangdong Branch reported that the reserve requirement ratio cut implemented on May 15 provided approximately 140 billion yuan in new available funds for financial institutions in Guangdong [1] - As of the end of June, the balance of loans in both domestic and foreign currencies reached 29.6 trillion yuan, with a year-on-year growth of 4.8%, marking three consecutive months of recovery [1] Financing Structure Optimization - The financing structure in Guangdong is continuously optimizing, with direct financing's share rising. Market-driven direct financing, including bonds and stocks, increased by 389.4 billion yuan, accounting for 29.2% of the social financing increment [2] - Manufacturing has become a key focus for credit allocation, with new loans to the manufacturing sector amounting to 278.7 billion yuan, representing 22.6% of total loan growth [2] Innovation in Financial Products - The PBOC Guangdong Branch is promoting innovative financial products tailored to the needs of technology enterprises, such as "Technology Talent Loans" and "Technology R&D Loans," which consider talent and R&D investments as important credit references [3] - New financing models like "Technology Equity Loans" and "Pilot Loans" have been successfully launched, addressing the financing needs of technology enterprises at various stages [3] Decreasing Financing Costs - The average interest rate for newly issued general loans in Guangdong was 3.04% in June 2025, a historical low, with a year-on-year decrease of 38 basis points [4] - The balance of deposits in Guangdong reached 37.7 trillion yuan, with a year-on-year growth of 5.6%, indicating a shift towards more liquid deposits, which is expected to stimulate consumption and investment [4]

接下来，广州数据交易所将在广东省政务和数据局、广州市政务和数据局指导下，加强与香港方面合作，携手多行业数据企业，推动金融、低空、医疗等 内地成熟的数据应用场景解决方案在港落地，同时挖掘培育香港本土数据应用场景并助力其拓展内地市场，粤港携手共同推动数据产业协同发展。 此次论坛上，广州数据交易所与香港数码港、中国联通国际签署合作备忘录。未来三方将共同推动"内地孵化+香港落地"的数据产业协作模式，引入内地 成熟的数据应用场景与企业进驻香港，并提供技术平台与合规支持，助力企业拓展本地及海外市场，共同构建粤港数据经济创新生态，促进数据要素市场 的科技合作及融合发展。 近年来，各级政府部门出台多份政策文件要求推进数据跨境流动工作的开展。今年5月，"南沙金融30条"正式出台，明确指出，"支持广州数据交易所完善 数据流通交易综合性服务，与香港获许可的数字资产交易平台加强合作对接，创新数字资产交易服务方式"。政策发布以来，广州数据交易所积极落实政 策要求，探索与香港相关机构的合作，并于近期与香港数字资产金融服务集团HashKey签署战略合作协议，约定在粤港两地政府的支持下，双方共同探索 数字资产合规发行及粤港澳大湾区数字资产跨 ...

Core Viewpoint - The People's Bank of China announced that the Loan Prime Rate (LPR) for one year remains at 3.0% and for five years or more at 3.5%, unchanged from the previous month, aligning with market expectations. This marks the second consecutive month of stable rates following a 10 basis point reduction in May [1][3]. Group 1: Economic Analysis - Analysts from CITIC Securities and Dongfang Jincheng noted that after the implementation of monetary easing tools in May, the focus has shifted to observing the effectiveness of these policies, leading to insufficient motivation for banks to lower LPR and policy rates further [3]. - The economic performance in the second quarter has been stable yet strong, reducing the immediate necessity for further LPR adjustments to enhance counter-cyclical regulation [3]. - The stability of policy rates over the past two months indicates that factors influencing LPR adjustments have not changed significantly, justifying the unchanged LPR rates in July [3]. Group 2: Future Outlook - Looking ahead, analysts expect the LPR to remain stable in the short term as the market enters a policy observation phase. However, there is potential for future reductions in LPR as the external environment remains uncertain and efforts to boost domestic demand and stabilize the real estate market continue [3]. - The anticipated impact of external fluctuations on exports is expected to manifest more significantly in the second half of the year, with expectations of continued interest rate cuts by the central bank, which may lead to further reductions in LPR [3]. - The next potential adjustment of the LPR is projected to occur around the beginning of the fourth quarter [3].

Core Points - The Guangdong Provincial Forestry Bureau has announced the Wetland Protection Awareness Week from July 21 to July 27, 2025, focusing on public engagement through interactive experiences, science education, and nature observation to promote wetland and mangrove conservation [1][2] - Guangdong is one of the richest regions in China in terms of wetland resources, with a total wetland area of approximately 1.9 million hectares and the largest mangrove area in the country at 11,400 hectares [1][2] Group 1 - The province will conduct over 50 offline thematic activities during World Wetlands Day, and a short video competition on mangrove conservation has successfully collected over 300 entries, with 30 winning awards [2] - A touring exhibition on mangrove protection is being held across major cities, including Guangzhou, Dongguan, and Shenzhen, and will continue until October, covering nearly 30 key mangrove protection areas [2] - The upcoming initiatives will leverage wetland parks and schools to promote ecological education and establish a comprehensive wetland education system, aiming to create a distinctive wetland cultural brand [2]