原告以自然人为主 《报告》显示，截至2024年底，上海金融法院共受理证券虚假陈述责任纠纷1.8万余件，标的总额为 76.46亿元，原告投资者总数接近2.7万名，其中，自然人占99.74%，公司、有限合伙等机构投资者仅占 0.26%。 中国证监会副主席李明表示，我国股市中小投资者占比高达96%，风险承受能力薄弱，自力救济能力相 对不足，是案件中"看不见的当事人"。 站在投资者的角度来看，保护中小投资者的合法权益，既需要法规制度不断完善、监管执法持续显效， 也需要提升行政、刑事衔接效率，还需要加强化解投资者纠纷，完善权益救济机制。 据悉，针对证券虚假陈述责任纠纷专业性强、中小投资者维权成本高的问题，上海金融法院通过自主研 发智助立案系统，首创"中小投资者保护智慧舱"诉讼服务机制，实现自动计算损失金额并实时生成立案 信息，为中小投资者提供无纸化、一站式、交互型诉讼服务。 今年4月，上海金融法院判定，*ST金泰（300225）原总裁袁翔、原执行总裁罗甸因贸然向证券市场作 出不具有可执行性的增持股份公开承诺，构成证券虚假陈述共同侵权，被判处对两位原告投资者的损失 共同承担民事赔偿责任，共计78.35万元。此前，袁翔、罗 ...

Core Viewpoint - The article highlights the vibrant development of nighttime economy in Yangzhou, showcasing how cultural and tourism integration has transformed the city into a hub for nighttime consumption, driven by innovative experiences and enhanced infrastructure [1][2][4]. Group 1: Nighttime Economy Development - Yangzhou's nighttime economy is characterized by a blend of cultural heritage and modern consumer experiences, attracting significant tourist traffic, especially during holidays [1][3]. - The introduction of innovative cultural performances and immersive experiences, such as the "Grand Canal Yangzhou" boat shows, has led to a 65% year-on-year increase in visitor numbers since August [2]. - The city has seen a 10.25% year-on-year increase in nighttime cultural tourism consumption venues, with a 27.9% increase compared to the previous month [4]. Group 2: Consumer Experience and Engagement - Unique offerings like DIY experiences and creative food products have enhanced consumer engagement, with nighttime foot traffic reaching up to 50,000 during holidays [3]. - The integration of sports events, such as the "Super League," has significantly boosted local consumption, with a 42.7% increase in service revenue across various sectors [6]. - The introduction of interactive experiences, such as "script killing" games in gardens, has attracted younger audiences and deepened their connection to local culture [7]. Group 3: Infrastructure and Support Services - Yangzhou has improved its infrastructure to support nighttime activities, including the renovation of roads to enhance pedestrian and non-motorized vehicle traffic flow [10][11]. - The city has implemented various measures to improve the nighttime consumer experience, such as the introduction of smart payment systems that reduce queue times by over 60% [13]. - Financial institutions are actively supporting the nighttime economy through credit facilities and innovative financial products tailored to local businesses and consumers [16][18]. Group 4: Financial Support and Innovation - The collaboration between financial institutions and local government aims to enhance the nighttime economy by providing targeted financial support and developing new consumer credit products [14][17]. - Recent agreements have led to significant funding for cultural tourism projects, with over 30 billion yuan allocated to support infrastructure upgrades and nighttime activities [16]. - The establishment of a big data platform has streamlined credit services for small businesses, facilitating quick access to financing for nighttime market vendors [17].

Core Insights - The summer season and nighttime activities are creating unique opportunities for boosting consumer spending [1] - Night tourism, as a vital part of the nighttime economy, is enhancing cultural experiences and reflecting changes in lifestyle [2] - Local governments are implementing supportive policies to promote nighttime tourism and economic activities [3] Group 1: Nighttime Economy - The combination of summer and nighttime activities is revitalizing consumer engagement in cities like Yangzhou [1] - Night tourism is witnessing a significant increase in demand, with domestic travel numbers reaching 3.285 billion and spending hitting 3.15 trillion yuan in the first half of 2025, marking a year-on-year growth of 20.6% and 15.2% respectively [2] - The projected total expenditure for nighttime tourism in China is approximately 1.91 trillion yuan for 2024, indicating a sustained upward trend in consumer interest [2] Group 2: Government Initiatives - Various local governments, including those in Yunnan and Sichuan, are launching policies to support nighttime tourism and economic growth [3] - Initiatives include the development of nighttime cultural and tourism consumption zones, enhancement of nighttime entertainment offerings, and the creation of unique nighttime festivals [3] - The shift from daytime to nighttime activities is fostering a vibrant urban atmosphere, integrating traditional culture with modern consumer experiences [3]

党的十一届三中全会明确中国经济发展战略转向改革开放，为区域试点政策的提出奠定了方向。1979年 4月，邓小平首次提出开办"出口特区"，后于1980年3月，"出口特区"改名为"经济特区"，并在深圳加以 实施。1980年8月26日，批准《广东省经济特区条例》，宣布在广东省的深圳、珠海、汕头、福建省的 厦门四市分别划出一定区域，设置经济特区。至此，完成经济特区设立的决策和立法程序，标志着中国 经济特区正式诞生。 经济特区通过制度创新释放活力。在税收方面，特区政府实施减免企业所得税、关税等政策，降低企业 运营成本，吸引外资企业入驻。金融领域成为改革重点：特区率先探索金融机构多元化，允许外资银 行、保险公司等进驻；证券、信托等新兴业务逐步开展，为资本市场发展奠定基础。此外，特区在土地 管理、劳动用工等方面突破计划经济框架，实行市场化机制，提升资源配置效率。 1980年8月26日，第五届全国人大常委会第十五次会议正式批准在广东省的深圳、珠海、汕头和福建省 厦门建立经济特区。这一举措标志着中国对外开放迈出关键步伐。在金融领域，通过实施税收、金融、 土地和劳动工资等方面的优惠政策，吸引外资流入，直接推动了国内金融改革创新与国 ...

2025年以来，监管部门对金融租赁业违法违规乱象始终保持着"高压"态势。据《金融时报》记者不完全 统计，今年以来，金融监管总局各地方监管局共对11家金融租赁公司开出罚单，机构和个人合计被罚没 约880万元。租前尽职调查不审慎、租赁物价值评估管理不到位、违规新增非设备类售后回租业务、构 筑物分类的租赁物管控不到位、部分售后回租业务租赁物并非由承租人真实拥有等问题成为违规"重灾 区"。 3家公司收百万元罚单 "随着业务的发展与监管规则的完善，'审慎合规'日渐成为金融租赁公司展业的重中之重。"谈及金融租 赁公司的合规问题，北京金杜律师事务所律师马峰表示，各金融租赁公司需结合股东情况、租赁物情 况、所处行业情况等，遵守上市公司监管规范、国有金融企业监管规范以及税务、海关、外汇监管等规 范。 "双罚制"体现全链条追责 在新的监管框架下，金融租赁业面临的责任约束愈发严格，除了对金融租赁公司开具罚单外，监管部门 还将处罚机制细化落实，对直接责任人实施处罚，其中多数责任人受到警告，还有部分人员被处以罚款 或被禁止从业。 从惩处力度来看，在今年前8个月的罚单中，共有12名相关责任人受到处罚，9人受到警告，3人禁业， 有违规所涉 ...

时隔5年，证券公司分类评价体系再次修订。近日，中国证监会修订并正式实施《证券公司分类评价规 定》(以下简称《规定》)。 相关调整主要体现在两个方面。一是不再将总营业收入排名作为加分依据，减少规模类指标的重复计 分，同时提高净资产收益率(ROE)的加分权重。二是将经纪、投行、资管等主要业务收入加分由前20名 扩大到前30名，按名次加0.25分到2分不等。此举旨在引导中小机构立足自身禀赋探索差异化发展道 路，在相关细分业务领域的加分项中能够"跳一跳、够得着"。 华泰证券分析师沈娟认为，分类评价是证券行业的监管"指挥棒"，将从风险控制指标标准、监管资源分 配、业务牌照申请、现场检查和非现场检查频率等方面影响券商经营发展。本次修订延续"扶优限劣"的 监管思路，行业马太效应或延续。 正向激励与负向约束相结合 证券公司分类评价制度是行业监管的基础性制度。证券公司分类评价制度于2009年发布实施，并于2010 年、2017年和2020年分别进行了3次修改。 本次为第4次修改。据了解，现行分类评价制度框架总体成熟，此次修改立足局部完善、适度优化，不 对既有评价体系进行重大调整，本次修改保持总体稳定。 由于距离前次修改已有5年 ...

Core Viewpoint - The A-share market has seen a significant acceleration in the disclosure of 2025 semi-annual reports, with nearly 80% of listed companies having reported their results, highlighting mid-term dividends as a key feature this year [1][2]. Group 1: Company Performance - As of August 28, among the 4,593 companies that disclosed their semi-annual reports, 3,583 companies achieved profitability, representing 78% [3]. - Notable performances include: - China Galaxy reported a revenue of 13.747 billion yuan, a year-on-year increase of 37.71%, and a net profit of 6.488 billion yuan, up 47.86% [4]. - Semiconductor company Zhongwei reported a revenue of 4.961 billion yuan, a growth of 43.88%, and a net profit of 706 million yuan, up 36.62% [4]. - Shanghai Pharmaceuticals achieved a revenue of 141.593 billion yuan, a 1.56% increase, and a net profit of 4.459 billion yuan, up 51.56% [4]. - Yili reported a revenue of 61.777 billion yuan, a 3.49% increase, but a net profit decrease of 4.39% to 7.2 billion yuan [4]. Group 2: Industry Insights - The brokerage industry showed particularly strong performance, with several firms reporting impressive results despite market fluctuations [4]. - The liquor industry, however, displayed mixed results, with Shanxi Fenjiu reporting a revenue of 23.964 billion yuan, a 5.35% increase, but a net profit increase of only 1.13% [5]. - Water Well Square reported a revenue decrease of 12.84% to 1.498 billion yuan and a significant net profit drop of 56.52% [5]. Group 3: Dividend Announcements - As of August 28, the total announced dividend amount reached 334.2 billion yuan, with many companies disclosing their mid-term dividend plans [6][7]. - Companies like Huadian International and Nanshan Aluminum announced cash dividends of 1.045 billion yuan and 465 million yuan, respectively [6]. - China Petroleum announced a mid-term dividend of 0.22 yuan per share, totaling approximately 40.265 billion yuan [7]. - A total of 627 companies have announced dividends, indicating a trend towards higher frequency and quality of dividends, driven by regulatory encouragement [7][8].

该《规定》原为2009年推出的《证券公司分类监管规定》。中国证监会称，本次修改将《证券公司 分类监管规定》调整为《证券公司分类评价规定》，与以分类评价为主的规定内容相适应。主要修改内 容包括突出促进证券公司功能发挥、引导证券公司聚焦高质量发展、突出"打大打恶"导向、强化综合惩 戒等。 华泰证券分析师沈娟认为，分类评价是证券行业的监管"指挥棒"，将从风险控制指标标准、监管资 源分配、业务牌照申请、现场检查和非现场检查频率等方面影响券商经营发展。本次修订延续"扶优限 劣"的监管思路，行业马太效应或延续。 正向激励与负向约束相结合 证券公司分类评价制度是行业监管的基础性制度。证券公司分类评价制度于2009年发布实施，并于 2010年、2017年和2020年分别进行了3次修改。 本次为第4次修改。据了解，现行分类评价制度框架总体成熟，此次修改立足局部完善、适度优 化，不对既有评价体系进行重大调整，本次修改保持总体稳定。 由于距离前次修改已有5年，为实现防风险、强监管、促高质量发展要求，本次重点修改完善了四 方面内容：一是突出促进证券公司功能发挥的导向，完善评价框架；二是适当整合、优化业务发展指 标，引导行业机构聚焦高 ...

在良好业绩的支撑下，上半年中国人保（601319）A股股价创近6年来最高价，H股股价创上市13年来最 高价，人保财险H股股价创上市22年来的最高价。 据统计，"十四五"以来的四个完整年度里，中国人保A股、H股和人保财险H股，三只股票累计涨幅均 大幅跑赢同业，跑赢大盘。 8月28日，在中国人保召开2025年中期业绩发布会上，中国人保总裁赵鹏对此做出了回应。 赵鹏表示，股价上涨是多重因素共同作用的结果。首先，我国经济社会的高质量发展，为保险业带来了 历史性发展机遇。我国在科技革命、绿色发展、数字经济、养老保障和服务"新市民"等领域的新空间新 动能，不断催生出丰富的保险新需求，保险业服务中国式现代化建设的质效不断增强，经济减震器、社 会稳定器功能日益凸显。特别是中央金融工作会议和保险业新"国十条"，对我国保险业发展进行了系统 部署，释放了进一步推动我国保险业高质量发展的鲜明信号。资本市场对于保险业未来发展空间的积极 预期，为公司股价上涨提供了坚实基础。 其次，发展环境不断改善，有效促进保险业发展行稳致远。近年来，监管机构引导保险业回归本源，全 面提升保险保障能力和服务水平。车险综合改革、人身险预定利率动态调整机制、 ...

这家上市药企突发公告 高管自愿降薪5%至50%不等 什么情况？ 董事长年薪减半 8月27日晚间，科创板上市公司江苏硕世生物科技股份有限公司（以下简称"硕世生物"）发布公告称，公司近日收到部分董事、监事及全体高级管理人员 主动出具的《关于自愿降薪的函》。当前，全球经济形势及行业环境面临诸多挑战，为进一步支持公司优化运营成本、提升管理效率、增强持续竞争力， 实现稳健发展战略目标，上述人员基于对公司未来发展的坚定信心及共同担当，自愿提出调整薪酬。 | 降薪对象 | 降薪幅度 | 降薪期限 | | --- | --- | --- | | 名誉董事长房永生先 | 年新下调 50% | 2025年8月15日起,任名誉董事长期间 | | 生 | | | | 董事长、总经理王国 | 年新下调 50% | 2025年8月15日起,任董事长、总经理 | | 强先生 | | 期间 | | 董事、副总经理刘中 | 年新下调 40% | 2025年8月15日起,任董事、副总经理 | | 华先生 | | 期间 | | 董事、副总经理、董 | 年新下调 40% | 2025年8月15日起,任董事、副总经理、 | | 事会秘书胡同园女士 | ...