这场让中小企业主直呼"看清账单"的变化，源于中国人民银行2024年9月启动的明示企业贷款综合 融资成本试点工作。银行与企业共同填写的"贷款明白纸"，正一点点揭开中小企业融资路上的"隐形面 纱"。 融资成本里的"暗礁" 在滨州黄河宝山混凝土有限公司的会议室里，公司负责人正盯着财务报表发愁。这家年产能80万立 方米的建材供应商，正被应收账款和原料成本两头"挤压"——由于工程款结算周期较长，应收账款占比 超70%，一大笔钱趴在别人的账上。而水泥、砂石采购价同比上涨15%，供应商催着预付货款才能锁定 货源。更要命的是，500万元抵押贷款即将到期，需先还本再续贷，然而，由于前期投入较大，企业流 动资金不足，无法按常规先还再借。 "中介说，找他们借过桥资金周转一下，很快就能搞定，就是要收3万多元'手续费'。"该公司有关 业务负责人回忆，算下来，这笔"过桥费"加上续贷的抵押费、评估费，对企业来说是一笔沉重的负担。 在建设银行晋江分行的柜台前，晋江市某小型企业负责人指着刚填完的《企业贷款综合融资成本清 单》感慨道："原来中介说的'必要费用'里，藏着两万多元的冤枉钱。"在这份被企业称为"贷款明白 纸"的清单上，一行行清晰罗列着 ...

Group 1 - The project involves China Export & Credit Insurance Corporation (China Export Credit Insurance) providing overseas investment insurance policies for a nickel and cobalt wet metallurgy project in Indonesia, jointly invested by Huayou Cobalt Co., Ltd. and EVE Energy Co., Ltd., with a loan amount of 8.4 billion RMB [1] - This project is the second laterite nickel ore wet metallurgy project developed by Huayou Cobalt in Indonesia, utilizing advanced High-Pressure Acid Leaching (HPAL) technology, with an annual production capacity of 120,000 tons of nickel and 15,000 tons of cobalt, making it the largest laterite nickel ore wet metallurgy project globally [1] - The completion of the project is expected to promote the development of China's new energy power battery industry chain and has significant implications for the socio-economic development of Indonesia [1]

本报讯 记者赵萌报道 日前，中国银行雄安启园支行获颁营业执照，标志着雄安新区启动区迎来首 家银行机构，填补了启动区金融基础建设的空白。据了解，雄安新区启动区是承接北京非首都功能疏解 的首要承载地，随着首批疏解企业搬迁入驻，疏解人口正在加快导入。中国银行河北雄安分行主动配 合，积极做好各项金融服务对接准备。中国银行雄安启园支行获批成立后，将聚焦疏解企业和疏解人员 的急难愁盼问题，率先打造适配疏解需求的金融服务体系——针对疏解企业，将提供从总部落户开户、 资金结算到项目融资的全周期服务，简化跨区域业务流程，助力企业快速扎根运营；针对疏解人员，推 出社保衔接、房贷办理、子女教育金融支持等专属服务，让"新雄安人"感受到金融服务的便捷与温暖。 数据显示，截至2025年6月底，中国银行河北雄安分行已为河北雄安新区建设项目及入区企业累计批复 了超3000亿元授信总量，累计投放超1000亿元。 责任编辑：袁浩 ...

Core Insights - The 2025 World Humanoid Robot Games concluded successfully in Beijing, showcasing the integration of technology and sports with 280 teams from 16 countries competing in 26 events, resulting in 26 gold medals awarded [1][2]. Group 1: Technological Advancements - The "Jushen Tiangong Ultra" robot, representing the Beijing Humanoid Robot Innovation Center, won the 100m race autonomously, marking a significant milestone as the first robot to achieve this feat [1][2]. - The robot utilized a fully autonomous navigation system, a significant upgrade from its previous semi-autonomous capabilities, allowing it to understand complex environments and plan movements in real-time [2][3]. - The introduction of the "Wisdom Open Platform" by the Beijing Humanoid Robot Innovation Center aims to enhance robots' decision-making and execution capabilities, transitioning from single-task execution to complex autonomous operations [3][4]. Group 2: Competitive Performance - The "Jushen Tiangong Ultra" demonstrated exceptional stability and control during races, successfully navigating without human intervention, which was validated through its performance in various competitions [4][5]. - Hangzhou Yushu Technology Co., Ltd. achieved remarkable results, winning four gold medals and setting a record speed of 4.78 meters per second with its humanoid robots [4][5]. - The competition served as a platform for testing and showcasing the practical applications of humanoid robots in real-world scenarios, such as material handling and service tasks [6]. Group 3: Industry Implications - The event highlighted the potential for humanoid robots to integrate into everyday life, serving as a bridge to various industries and enhancing productivity across sectors [6]. - The competition provided insights into the reliability and precision of robotic components, guiding future improvements to meet real-world application demands [6]. - The success of the event is expected to attract investment and support for the growth of the humanoid robotics industry, fostering innovation and development [6].

Core Viewpoint - Xiamen has achieved two significant breakthroughs in real estate trust registration, marking the establishment of China's first trust property transfer registration during the trust's duration and the first dual-trustee family service trust in the country [1][2]. Group 1: Innovations in Trust Registration - The "Xiamen Trust - Tonghui No.1 Special Trust" allows for the addition of real estate as trust property during its duration, addressing a previously unmet need due to policy gaps [2][3]. - The pilot scheme broadens the definition of trust property registration and includes innovative measures such as adding real estate to trust property, purchasing real estate with trust funds, changing trustees, and altering beneficiaries [3]. Group 2: Family Wealth Management - The dual-trustee model in Xiamen caters to family wealth inheritance needs, allowing shared property to generate stable income for elderly care while ensuring property distribution to children under certain conditions [3]. - This model not only supports the elderly's quality of life but also facilitates orderly wealth transfer within families [3]. Group 3: Broader Implications for Trust System - Xiamen's approach exemplifies how policy innovation can translate into public welfare, potentially inspiring other cities to explore differentiated practices in trust property registration [4][6]. - The reform aims to democratize trust services, making them accessible to ordinary families, thus expanding the application of trust systems beyond high-net-worth individuals [5][6].

Core Viewpoint - China Shenhua (stock code: 601088) resumed trading on August 18, opening with a limit-up but eventually closing at 39.23 CNY per share, down 5.01% for the day, although up 4.45% from the previous suspension price [1][3] Group 1: Trading Resumption and Stock Performance - China Shenhua's stock was suspended on August 4 due to an announcement regarding a proposed acquisition of 13 companies under the State Energy Group [3][5] - The stock resumed trading on August 18, with a notable initial increase followed by a decline [1][3] Group 2: Acquisition Details - The acquisition plan involves issuing A-shares and cash to purchase 100% stakes in several companies, including Guoyuan Power, Xinjiang Energy, and others, as well as a cash purchase for Inner Mongolia Construction Investment [5] - The company plans to raise matching funds from no more than 35 specific investors, with the total amount not exceeding 100% of the transaction price [5] Group 3: Company Background and Strategic Importance - China Shenhua was established in November 2004 and is a flagship A+H share company under the State Energy Group, focusing on coal and electricity production, transportation, and chemical production [6] - The transaction is seen as a key move to enhance resource allocation, address industry competition, and strengthen the company's core competitiveness, contributing to national energy security [6] Group 4: Profit Distribution Plan - China Shenhua announced a profit distribution plan for 2025-2027, committing to distribute at least 65% of the net profit attributable to shareholders in cash each year [7][8] - For the mid-term profit distribution in 2025, the amount will be no less than 75% of the net profit for the first half of 2025, subject to board and shareholder approval [8][9]

Core Viewpoint - The article highlights the illegal tax evasion activities in the "New Three Samples" sector (new energy vehicles, lithium batteries, and photovoltaic products), emphasizing the need for strict enforcement of tax regulations to ensure fair competition and promote innovation in the industry [1][2][3] Group 1: Tax Evasion Cases - Case 1 involved a tax fraud scheme led by Lin Jiayang, where a group manipulated 11 companies to export non-refundable "lead-acid batteries" as refundable "lithium batteries," resulting in a fraudulent claim of 149 million yuan in export tax refunds [1] - Case 2 involved Jiangxi Nanshi Lithium Battery New Materials Co., which improperly included 6.6822 million yuan of non-research personnel salaries in R&D expenses to claim tax deductions, leading to a total penalty of 5.719 million yuan [2] Group 2: Impact on Industry - The illegal tax activities undermine the original intent of tax incentives aimed at fostering innovation and disrupt the fair tax environment, contributing to chaotic competition and harming the unified national market [2] - Some companies are misusing tax benefits to engage in price-cutting competition, distorting market mechanisms and disrupting fair competition [2] Group 3: Expert Opinions - Experts emphasize that tax incentives should be used to enhance R&D and product quality, and companies should focus on legal compliance rather than exploiting loopholes [3] - The enforcement of tax laws in the "New Three Samples" sector is crucial for creating a fair tax environment, enhancing industry competitiveness, and curbing chaotic competition [3]

Market Performance - A-shares indices collectively rose on August 18, with the Shanghai Composite Index up 0.85% to 3728.03 points, Shenzhen Component Index up 1.73% to 11835.57 points, and ChiNext Index up 2.84% to 2606.20 points [1] - The North Stock 50 Index surged 6.79% to 1576.63 points, with over 4000 stocks in the market rising [1] Historical Data - The Shanghai Composite Index briefly surpassed its previous high of 3731.69 points set on February 18, 2021, marking the highest level since August 20, 2015 [5] - The North Stock 50 Index reached a historical high, while both the Shenzhen Component Index and ChiNext Index exceeded their highs from October 8 of the previous year [5] Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached approximately 27,641.63 billion yuan, an increase of about 5,195.51 billion yuan compared to the previous trading day, setting a new annual high [5] Sector Performance - Sectors such as communication equipment, software, and cultural media saw significant gains, while concept stocks like stock trading software and rare earths performed well [5] - The brokerage sector continued its strong performance, with stocks like Changcheng Securities hitting the daily limit, and others like Hualin Securities and Xiangcai Shares rising over 6% [5] Margin Trading - The margin trading scale has increased, with a cumulative growth of over 70 billion yuan since the beginning of August, marking a return of the margin balance to over 2 trillion yuan for the first time in ten years [5]

随着近期A股市场行情愈发火热，被视作"牛市旗手"的券商板块备受市场关注，已经发布半年报的券商 均实现了营收、净利润双增。其中，近日发布半年报的东方财富（300059）信息股份有限公司（以下简 称"东方财富"），不仅实现了营收、净利润的双增，还成为了首批披露半年报的券商中最赚钱的券商。 东方财富上半年业绩出炉 东方财富发布2025年上半年业绩表现亮眼。半年报显示，上半年东方财富实现营业总收入为68.56亿 元，同比增长38.65%；归属于上市公司股东的净利润为55.67亿元，同比增长37.27%。 对于营收大幅增长，东方财富在半年报中提到是因证券手续费及佣金净收入同比增加。其中，手续费及 佣金净收入为38.47亿元，同比大增60.62%。值得注意的是，东方财富旗下券商东方财富证券股份有限 公司（以下简称"东方财富证券"）上半年实现营业收入62.57亿元；净利润41.75亿元，成为业绩的最大 贡献来源。报告期内，东方财富证券营业收入和净利润同比实现快速增长，资产规模、资本实力进一步 增强；经纪业务股基交易额16.03万亿元，经纪业务、信用业务稳健发展，资产管理规模快速增长。同 时，在业务拓展方面，东方财富证券上半 ...

2025年3月，国务院办公厅印发《关于做好金融"五篇大文章"的指导意见》，将全国中小微企业资金流 信用信息共享平台（以下简称"资金流信息平台"）列为支持金融"五篇大文章"的重要基础设施，明确加 快建设资金流信息平台。为贯彻落实好《关于做好金融"五篇大文章"的指导意见》精神，中国人民银行 根据资金流信息平台2024年10月上线运行以来的情况，印发了《关于运用全国中小微企业资金流信用信 息共享平台支持金融"五篇大文章"专项行动工作方案》（以下简称《工作方案》），统筹构建资金流信 用信息共享应用长效机制，为强化资金流信息平台服务功能、健全企业增信机制、促升信用信息服务金 融"五篇大文章"质效提供了强有力的保障。在做好金融"五篇大文章"各项决策部署的正确指导下，资金 流信息平台助力信贷融资精准滴灌中小微企业的作用更加凸显，上线运行9个月以来，已为6000多万户 企业建立资金流信用信息档案，支持中小微企业融资近7000亿元。 一、资金流信息平台为金融"五篇大文章"提供有力支撑 建设资金流信息平台是完善信用信息共享基础设施，优化信贷资源配置，促进中小微企业融资，服务实 体经济，支持金融"五篇大文章"的积极探索和创新实践， ...