全球首个文化用纸金融衍生品上市时间确定。8月18日，上海期货交易所（以下简称"上期所"）发 布通知称，将于2025年9月10日9时挂牌交易胶版印刷纸期货及燃料油、石油沥青和纸浆期权，胶版印刷 纸期权挂牌交易时间为2025年9月10日21时。不久前，中国证监会同意上期所胶版印刷纸期货及期权、 燃料油、石油沥青和纸浆期权注册。 厦门国贸集团股份有限公司浆纸集群总经理黄东东表示，胶版印刷纸期货及期权上市填补了国内文 化用纸衍生品的空白，为我国文化用纸产业链企业提供了精准管理价格波动风险的工具。 同时，上海期货市场的成熟期货品种的期权覆盖将加速实现。业内人士认为，上期所燃料油、石油 沥青和纸浆期货经过多年培育，已经逐步成为企业套期保值的重要工具，具备市场流动性和合约连续性 好、投资者结构成熟等特点，进一步推出期权产品，企业可以同步使用期货、期权工具开展更精细化套 保，从而有效增强风险管理能力。 胶版印刷纸期权在设计方面很大程度上参考了期货合约和上期所其他已上市的期权品种。不同点在 于，期权的最小变动价位为1元/吨。 在交割方面，胶版印刷纸期货采用交割仓库和厂库相结合的实物交割模式，其中厂库交割制度涵盖 了生产商和贸易 ...

Group 1 - The article highlights the importance of futures markets in managing risks and facilitating cross-border trade, particularly in the context of changing global trade dynamics [1][4] - Xiamen Guomao Petrochemical successfully negotiated a PTA order by utilizing futures contracts to secure pricing and protect profit margins amid market uncertainties [1][2] - Xiamen Jianfa leveraged futures tools for risk management in their procurement of Australian rapeseed meal, demonstrating the effectiveness of basis trading in volatile markets [1][2] Group 2 - The article discusses how the use of options by Wucai Zhongda Chemical Group provided a "double insurance" against shipping disruptions and price fluctuations in their Ukrainian rapeseed meal imports [3] - The active trading of futures contracts on the Zhengzhou Commodity Exchange enhances risk management capabilities for companies engaged in bulk commodity trading [3][4] - The acceptance of "Chinese prices" by foreign enterprises is driven by China's significant role in global commodity consumption and trade, as well as the ability for these enterprises to hedge risks directly in the Chinese futures market [3][4]

Group 1 - The core viewpoint emphasizes the importance of consumption as a driving force for economic growth, highlighting the government's role in releasing consumption potential through financial support measures [1] - The "Guiding Opinions on Financial Support for Boosting and Expanding Consumption" was released in June, advocating for credit support and government financing guarantees to stimulate the consumption market [1] - Government financing guarantees are identified as a key link in activating consumption potential and play a significant role in boosting the consumption market [1] Group 2 - Financing guarantee institutions are addressing the financing challenges faced by small and micro enterprises, which are crucial for the consumption market [4] - The Yantai Financing Guarantee Group launched a "Consumption Loan" product aimed at merchants benefiting from government consumption subsidies, effectively addressing their operational challenges [4] - The National Financial Supervision Administration and other departments issued measures to enhance financing support for small and micro enterprises, emphasizing the collaboration between financial institutions and government financing guarantee agencies [3][4] Group 3 - Employment is highlighted as a fundamental aspect of consumer demand, with government financing guarantee institutions encouraged to support labor-intensive small and micro enterprises to stabilize and expand employment [5] - The National Financing Guarantee Fund's provision of 1 billion yuan in guaranteed loans can stabilize employment for approximately 900 individuals, demonstrating the impact of financing guarantees on job creation [6] - Beijing Re-Guarantee Company aims to direct financial resources to small and micro enterprises, achieving a guarantee scale of 56.9 billion yuan in 2024, supporting over 17,000 jobs [6]

零售是连接生产与消费的重要桥梁，也是激活和释放消费的关键引擎。 在零售端，以需求为锚点，花样翻新和推陈出新的营销玩法、商品组合、服务模式、互动场景，让 消费者在多元化、个性化的体验中收获惊喜，也进一步激发消费活力、消费需求。 一些具有代表性的互联网零售平台，如京东、天猫、拼多多以及唯品会等都通过发挥自身优势，打 造差异化的服务。 当"个性化""体验感"成为关键词，折射出哪些消费新趋势？金融又如何力促消费潜力释放、赋能消 费升级？ 零售数据折射市场活力 消费市场的冷暖，往往能从零售平台的经营数据中找到直观的答案。 今年二季度，唯品会实现净营收258亿元，实现商品交易总额（GMV）514亿元，同比增长1.7%； 超级VIP活跃用户数同比增长15%，显示出较强的用户黏性；超级大牌日和超级品类日栏目整体业绩同 比增长17%。 而另一以供应链优势见长的京东，也在二季度延续了增长势头。 根据京东最新披露的2025年二季度及中期业绩数据，京东零售2025年二季度收入3101亿元，较2024 年二季度增长20.6%。今年上半年，京东物流服务的外部一体化供应链客户数量超过7万名。 这些数据既体现了平台在精准对接消费需求上的成效 ...

2018年7月，习近平总书记对实施乡村振兴战略作出重要指示，强调要坚持以实干促振兴，遵循乡 村发展规律，规划先行，分类推进，加大投入，扎实苦干，推动乡村振兴不断取得新成效。在临沂市普 惠金融服务乡村振兴改革试验中，"探索试点金融参与村庄规划"成为首项改革重点任务。中国人民银行 临沂市分行党委书记、行长王剑介绍，2021年起，临沂市启动了精品村庄规划实施工程，创新"金融 +规划+土地"融合发展模式，中国人民银行临沂市分行、市自然资源和规划局等有关部门建立金融参与 村庄规划专项协调机制，探索成立了熟悉信贷政策、产业政策、项目投融资规划、村庄规划等专业知识 的金融规划服务团队。充分发挥金融在参与村庄现状调研、规划编制、建设实施的全周期支持作用，聚 焦村庄规划项目建设中的融资缺口问题，由金融机构提供融资规划辅导、信贷支持和金融服务，探索出 美丽宜居、产业园区、红色文化、生态旅游"四个模式"。东高庄红色片区正是红色文化模式中的精品村 庄。截至目前，该项目已通过沂南农商银行融资1000万元，另外，东高庄村获得乡村振兴贷款1502万 元。 临沂市自然资源和规划局详细规划科科长张海东表示，东高庄红色百千工程示范片区辖12个村 ...

Economic Development and Consumer Growth - Fujian province has shown strong economic vitality and quality development, with social retail sales growing at an average annual rate of 6.3% during the 14th Five-Year Plan period [2] - The province ranks sixth in online retail and third in rural online retail nationwide, indicating robust consumer engagement [2] - Key strategies to enhance consumer spending include stimulating market vitality, supporting small and medium enterprises, and improving employment opportunities for low-income groups [2] Tourism and Cultural Consumption - In 2024, Fujian is expected to receive 650 million tourists, with total tourism expenditure surpassing 835 billion yuan, reflecting year-on-year growth of 13.5% and 19.6% respectively [4] - The cultural and tourism sector has become a new growth driver for the economy, contributing 10.5% to the province's GDP [4] - Over 1,000 cultural tourism initiatives have been launched this year, with more than 6,000 events held to enhance public engagement [5] Financial Support for Economic Growth - The financial sector plays a crucial role in supporting the development of Fujian's cultural and tourism industries, with over 81.1 billion yuan in net loan growth in related fields [6] - A collaborative mechanism involving government, banks, and enterprises has been established to promote financial support for the tourism economy [6] Social Welfare and Public Services - By mid-2025, nearly 80% of Fujian's public budget will be allocated to social welfare, focusing on healthcare, elderly care, and childcare services [8] - The province has established eight national medical centers and 13 provincial medical centers to improve healthcare accessibility [8] - Fujian has developed 94,000 public childcare spaces to support working parents, enhancing the quality of early childhood education [8] Social Security Innovations - Fujian has implemented a "15-minute social security service circle" to improve accessibility and efficiency in social security services [9] - Collaborations with major banks have led to the establishment of dedicated social security service windows in 451 bank branches [9] - The province is exploring innovative service models to further enhance the convenience of social security services for the public [9]

Core Viewpoint - The development of service consumption is essential for enhancing people's well-being and is a crucial strategy for boosting overall consumption in China. The service sector's contribution to economic growth is significant, with a steady increase in its share of the national economy. From 2020 to 2024, per capita service consumption expenditure in China is expected to grow at an annual rate of 9.6% [1][2]. Group 1: Growth Potential of Service Consumption - There is substantial growth potential in service consumption in China, as indicated by the shift in consumer behavior from goods to services, similar to trends observed in developed economies like the U.S. and Japan. In 2024, the share of per capita service consumption expenditure in China is projected to be 46% [2][3]. - The service sector's retail sales increased by 5.3% year-on-year in the first half of the year, outpacing the growth rate of goods retail sales. The value added by the service industry grew by 5.5%, contributing 60.2% to economic growth [2][3]. Group 2: Demand and Supply Dynamics - Service consumption encompasses various sectors, including dining, accommodation, childcare, and entertainment, with increasing demand in areas like elderly care and childcare. For instance, from January to July, retail sales in tourism, transportation, and leisure services showed double-digit growth [3][4]. - Despite strong demand, there are significant supply shortages in service consumption, particularly in areas like elderly care and childcare, where the enrollment rate for children under three is below 10%, compared to an OECD average of about 36% [4][5]. Group 3: Policy Measures to Stimulate Consumption - Recent policy initiatives, including the establishment of service consumption and elderly care re-loan tools by the People's Bank of China, aim to enhance consumer spending and stabilize domestic demand. A series of financial support measures have been introduced to promote consumption [5][6]. - The implementation of personal consumption loan interest subsidies and service industry loan interest subsidies is designed to lower the cost of consumer credit, thereby encouraging residents to utilize financial leverage to increase consumption [6][7]. Group 4: Financial Policy Directions - Future financial policies should focus on maintaining liquidity and reducing financing costs to create a favorable environment for consumption. This includes enhancing structural monetary policy tools and increasing financial support for key service consumption sectors [7]. - Expanding financing channels and reinforcing policy coordination among fiscal, employment, and social security policies are essential to improve residents' consumption capacity and willingness [7].

Group 1 - The core viewpoint of the article indicates that from January to July, the national general public budget revenue reached 135839 billion yuan, showing a year-on-year growth of 0.1% [1] - Tax revenue for the same period amounted to 110933 billion yuan, reflecting a year-on-year decline of 0.3%, while non-tax revenue increased to 24906 billion yuan, with a year-on-year growth of 2% [1] - The national general public budget expenditure during this period was 160737 billion yuan, which represents a year-on-year increase of 3.4% [1] Group 2 - In terms of government fund budget revenue and expenditure, the income was 23124 billion yuan, showing a year-on-year decrease of 0.7%, while the expenditure reached 54287 billion yuan, marking a significant year-on-year increase of 31.7% [1]

金融系统内部对于员工从事副业兼职的相关规定非常严格。一直很想兼职，但我行明令禁止兼职， 该如何是好？——网友：kl 摆地摊、跑滴滴、送外卖、喂宠物……这两年来，下班后做兼职这种新的生活方式逐渐在年轻群体 流行起来。不少银行人也在思考，在工作之余，自己能不能搞点副业、挣点"外快"？ 近日，一则"银行职员夫妻回应下班偷偷送外卖"话题登上了热搜。起因是武汉一对"90后"银行职员 夫妻利用下班时间一起兼职送外卖，尽管收入有限，但二人却表示，送外卖已经成了他们舒缓工作压力 的方式。 在传统认知里，银行人捧着"金饭碗"，收入稳定，无需为生计发愁。这让大家很难将穿梭于街头的 外卖骑手与写字楼里身着行服的银行员工联想到一起。实际上，银行工作人员并非想象中收入那么高， 如果需要承担赡养老人、教育子女的义务，或家中遭遇亲人重病等意外情况，经济压力会陡然增大。 记者注意到，对于银行从业人员是否可以从事兼职的问题，相关从业行为准则中已有提及。中国银 行业协会在2020年修订发布的《银行业从业人员职业操守和行为准则》中对相关从业人员提出了十 大"严禁"，其中就有"严禁违规兼职谋利"。值得注意的是，这一表述并没有全盘否定银行员工做兼职的 ...

Economic Recovery and Growth - The State Council meeting emphasized consolidating and expanding the positive momentum of economic recovery, aiming to achieve annual economic and social development goals [1] - The meeting highlighted the importance of domestic circulation to counter international uncertainties, focusing on stimulating consumption and stabilizing the real estate market [1][7] Consumer Market Dynamics - The consumer market in China has shown a significant recovery, contributing 52% to the 5.3% GDP growth in the first half of the year, making consumption the leading driver of economic growth [2] - Policies such as trade-in incentives and potential nationwide birth subsidies are expected to further stimulate consumption, reflecting the government's commitment to boosting domestic demand [2][3] New Consumption Trends - The meeting called for the cultivation of service consumption and new consumption growth points, with innovative and competitive products driving growth in both goods and services [4] - New consumption trends, including pet and self-care markets, are emerging as significant contributors to economic activity, necessitating regulatory support for innovative consumption [4] Policy Measures for Consumption - The government plans to systematically eliminate restrictive measures in the consumption sector to enhance consumer freedom and stimulate demand [5][6] - Recommendations include reforming consumption taxes and optimizing personal income tax to increase disposable income and promote consumption [6] Real Estate Market Stabilization - The meeting underscored the need for strong measures to stabilize the real estate market, which plays a crucial role in driving consumption and economic stability [7][8] - Adjustments to housing policies, such as increasing loan limits and reducing down payment ratios, are expected to lower barriers for homebuyers and stimulate demand [8]