结构性货币政策工具的运用是支持重大战略、重点领域和薄弱环节金融服务的重要政策举措。2025年5 月，中国人民银行推出了增量、降价、扩面的一揽子货币政策，为经济持续回升向好创造了良好的货币 金融环境。 在中国人民银行安徽省分行指导下，黄山市分行积极贯彻落实一揽子货币政策，迅速采取一系列有力措 施，从压实主体责任、夯实"用好"基础、坚持靶向引导、优化流程提升质效共四个维度统筹发力，有效 推进结构性货币政策工具运用增量扩面。 压实金融机构贯彻落实的主体责任 一是坚持问题导向，"三个明确"推进转变。实际业务中，部分商业银行对一揽子货币政策仍存在了解不 充分、积极性不足、落实政策机制缺失、内部协调机制不健全等问题，存在着"等、靠、要"思想。对 此，中国人民银行黄山市分行及时对相关商业银行进行督导，在贯彻落实一揽子货币政策工作上，明确 金融机构是责任主体，明确金融机构应建立健全内部机制，明确金融机构要有具体举措。 二是组织支农支小再贷款政策宣讲和业务培训。中国人民银行黄山市分行指导辖内法人金融机构完成支 农支小再贷款新制度修订、畅通DVP（券款对付）模式再贷款办理流程，确保新制度下支农支小再贷款 流程顺畅、使用便捷，有效 ...

Core Viewpoint - The People's Bank of China Tianjin Branch, in collaboration with relevant departments, has successfully implemented the first batch of quality financing credit enhancement loans in Tianjin, aimed at supporting enterprises in equipment upgrades and capacity enhancement [1][2]. Group 1: Quality Financing Credit Enhancement - Quality financing credit enhancement refers to a mechanism based on the quality capabilities and qualifications of enterprises, providing financing services to those with high-quality efficiency levels [1]. - The initiative was guided by a joint notice from the State Administration for Market Regulation, the People's Bank of China, and the Financial Regulatory Bureau, aimed at enhancing the financing accessibility and convenience for quality-oriented enterprises, especially small and micro enterprises [1]. Group 2: "Tianjin Quality Loan" Product - Beijing Bank Tianjin Branch has launched the "Tianjin Quality Loan" product, which breaks traditional collateral restrictions by using quality credit, management capability, brand value, basic qualifications, and innovation potential as the basis for credit enhancement [1]. - The "Tianjin Quality Loan" has provided credit of 131 million yuan and new loans of 126 million yuan to five enterprises, helping them convert quality advantages into development momentum [2]. Group 3: Impact on Enterprises - A small micro-enterprise in Tianjin upgraded its production equipment using the "Tianjin Quality Loan," resulting in a 30% increase in production capacity [2]. - A technology enterprise with industry brand value certification utilized the loan to increase R&D investment, successfully launching an upgraded product and significantly improving market share [2]. Group 4: Future Plans - The People's Bank of China Tianjin Branch plans to continue promoting the quality financing credit enhancement work, strengthen policy guidance, and encourage the application of the "Tianjin Quality Loan" model throughout the city [2].

Group 1 - The People's Bank of China (PBOC) in Hechuan focuses on empowering the development of the modern industrial system through technology finance, implementing actions like financing connections and first-loan breakthroughs to support technology enterprises [1] - By May 2025, the loan balance for technology enterprises in the Hechuan area is projected to reach 36.4 billion yuan, effectively aiding over 1,200 technology enterprises [1] Group 2 - To assist early-stage technology enterprises, the PBOC in Hechuan has established a dual-driven model of policy incentives and market orientation, coordinating cross-department collaboration to create a financing platform [2] - Since 2024, four technology finance-themed financing connection meetings have been held, resulting in an additional loan balance of 8.8 billion yuan for technology enterprises in the area [2] - The PBOC has introduced innovative products like "Sci-Tech Loan" and "Sci-Tech e-Loan," with a maximum credit limit of 50 million yuan and disbursement within three working days [2] Group 3 - The PBOC guides commercial banks to create a three-system service framework for technology finance, addressing the different financial needs and risk characteristics of technology enterprises at various lifecycle stages [3] - A tailored financial service plan was developed for Longjian Machinery Manufacturing Co., which faced a funding gap of 130 million yuan due to traditional collateral limitations [3] - The plan included a comprehensive credit of 130 million yuan, incorporating various loan products to alleviate the company's financial pressure [3] Group 4 - The PBOC has established a government-bank-enterprise connection platform to innovate financing service models for technology enterprises [4] - The Postal Savings Bank of China in Tongliang has launched products like "Innovation Credit Loan" and "Sci-Tech Credit Loan," successfully obtaining the first batch of "Technology Branch" titles in Chongqing [4] - The bank facilitated rapid funding for Chongqing and Jing Carbon Material Co., a national high-tech enterprise, through a green approval channel, completing due diligence and disbursement within seven working days [4]

公告显示，截至8月8日，天茂集团总股本为4904139165股，控股股东新理益集团、实控人刘益谦及一致 行动人王薇合计持有天茂集团66.78%股份，刚刚达到三分之二的门槛；而另外持股33.23%的其他股东 将对议案表决通过与否起着关键作用。 天茂集团此次设置了投资者保护机制安排。公告显示，本次终止上市事项经股东会审议通过后，由荆门 市维拓宏程管理合伙企业(有限合伙)向除新理益集团、王薇、刘益谦外现金选择权股权登记日登记在册 的全体A股股东提供现金选择权(限售或存在权利限制的股份等情形除外)。行使现金选择权的天茂集团 股东可就其有效申报的每一股天茂集团股份，在现金选择权实施日获得由相关现金选择权提供方按现金 选择权价格支付的现金对价，同时将相对应的股份过户至相关现金选择权提供方名下。 A股又有一家上市公司拟主动退市。 近日，天茂实业集团股份有限公司(以下简称"天茂集团")发布公告称，公司拟以股东会决议方式主动撤 回A股股票在深交所的上市交易。不过，目前以股东会决议方式主动退市尚须股东表决通过。 值得关注的是，在此次主动申请退市前，因2024年年报难产，天茂集团本身也面临着较大的退市压力。 今年以来，A股已有多家 ...

Core Points - The Ministry of Finance and nine other departments have jointly issued the "Implementation Plan for Loan Interest Subsidy Policy for Service Industry Operating Entities" [1] - The policy is applicable for loan contracts signed between March 16, 2025, and December 31, 2025, with funds disbursed to operating entities [1] Group 1: Eligibility and Conditions - To qualify for the loan interest subsidy, the loan funds must be used for operational activities [2] - The eligible sectors include eight categories: catering, accommodation, health, elderly care, childcare, housekeeping, cultural entertainment, tourism, and sports [2] - The subsidy can last for up to one year, with the actual duration based on the loan term if it is less than one year [2] Group 2: Application Process - Borrowing entities do not need to apply for the subsidy; they only need to follow the standard loan process with banks [3] - Once the bank receives the subsidy funds from the government, it will return the corresponding subsidy amount to the operating entity for interest already paid [3] Group 3: Subsidy Details - The subsidy rate is set at 1%, with a maximum loan amount of 1 million yuan per entity, allowing for a maximum subsidy of 10,000 yuan [4] - The example provided illustrates that a restaurant obtaining a 900,000 yuan loan can receive a total subsidy of 9,000 yuan, with specific disbursement timelines [4] Group 4: Participating Banks - A total of 21 national banks are designated as the lending institutions for this subsidy program [5] - The list includes major banks such as the Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank among others [5]

Core Insights - The establishment of special needs trusts provides a solution for families with disabled members, ensuring financial security and care for their loved ones as parents age [1][2] - Special needs trusts offer a comprehensive approach by integrating financial management, personal guardianship, and life care services, addressing the unique challenges faced by these families [1][2] Group 1: Special Needs Trusts - Special needs trusts are designed to manage assets for families with disabled members, allowing for professional management of funds while ensuring the well-being of the disabled individual [1] - The trust structure separates responsibilities among the trustee, guardian, and supervisor, enhancing accountability and oversight [1] Group 2: Financial and Social Impact - The trust model prevents the misappropriation of funds by ensuring that payments are made directly to designated service providers, thus safeguarding the assets of vulnerable individuals [2] - Special needs trusts contribute to social equity and humanistic care, providing a sustainable solution for elderly care in an aging society [2] Group 3: Systemic Innovations - Shanghai has initiated a pilot program for real estate trust registration, with an average property asset of 6.748 million yuan per household among families with mental disabilities [3] - A comprehensive solution has been developed based on research from 934 disabled families, integrating trust structures with professional services and social collaboration [3]

三是梳理服务规范。实现特殊需要信托的预期目的，是各类服务主体共同发挥作用的结果。信托合 同和相关信托文件是各方基于共识的意定约束，除遵守信托合同和相关信托文件约定外，监护人、执行 人、监察人还需要遵守各自领域的执业规范。信托公司作为受托人是承担受托责任的主体，须在信托法 律及信托监管规则范围内，围绕信托财产管理即"管钱"边界内，履行忠实义务和注意义务。受托人对监 护人的"管事"职责具有协助义务、对执行人的"做事"职责具有选任和监督义务、对监察人的"监督"具有 配合义务，多元主体的多层次责任具有相对性，应建立并遵守多类型的服务行为规范，受托人、监护 人、执行人、监察人须各司其职，多方协同，建立权责明晰的服务体系，共同维护特殊需要信托的有效 运行，确保受益人合法权益最大化。 四是完善服务评价。特殊需要信托的业务实践正处于多样化创新尝试的发展初期，争取"首单落 地"既是信托设立人的信任"破冰"，也是信托公司深化服务转型，实现品牌宣传效果的有力驱动。从促 进特殊需要信托可持续健康发展、加快探索成熟商业模式角度，应同步建立可推广、可评价、可拓展的 多类型试点模式。鼓励信托公司与各类相关主体合作创新，自主发挥做好"多选题 ...

Core Insights - The successful completion of the LG2507 futures contract's delivery marks a significant milestone for the original wood futures market, validating the contract rules and regulatory framework [1] - The contract operated for 169 trading days, with a total trading volume of 4.34 million lots and a transaction value of 321.33 billion yuan [1] Delivery Details - In July, 1,281 lots were paired and delivered, including 1,230 lots through rolling delivery and 51 lots through one-time delivery, equivalent to 115,290 cubic meters of original wood [2] - The delivery settlement price ranged from 801 yuan to 828.5 yuan per cubic meter, totaling approximately 9.53 million yuan [2] - The delivery involved 769 lots via truck delivery and 512 lots through standard warehouse receipts, engaging multiple buyers and sellers without any delivery defaults [2] Industry Response - Shandong Tengnuo Wood Industry Co., Ltd. has proactively stocked up for the peak season, completing 60 lots of delivery, and noted a rise in market prices for original wood [3] - The company highlighted that the futures market provides a new procurement channel and a tool for hedging against rising raw material prices, enhancing factory yield and profit margins [3] - Jiangsu Huihong International Group utilized the LG2507 contract for sell hedging, completing 85 lots of delivery, which helped stabilize their revenue curve [4] Operational Efficiency - Taicang Xinhai Port Development Co., Ltd. completed 425 lots of delivery, implementing a coordinated approach to ensure smooth operations during the delivery process [5] - The company achieved an average delivery efficiency of 20 minutes per lot, even during high-temperature conditions, earning customer recognition [5] Quality Assurance - Zhongli Inspection Co., Ltd. emphasized the rigorous quality standards and processes in the original wood futures delivery, promoting transparency and trust between buyers and sellers [6] - The introduction of digital and intelligent inspection methods has enhanced the objectivity and traceability of quality assessments, supporting the standardization and efficiency of trade [6] - Market participants noted a strong willingness among industry clients to engage in delivery, prompting the Dalian Commodity Exchange to enhance services and training to ensure smooth delivery operations [6]

Core Viewpoint - The article highlights the successful preservation and innovation of the traditional "Xikou Layered Cake" in Ningbo, showcasing its cultural significance and adaptation to modern consumer preferences [1][2]. Group 1: Company Overview - The "Xikou Layered Cake" has a history of over 100 years, with the "Jiang Family Longmen Layered Cake" shop established in 1916, currently led by the third-generation inheritor, Jiang Dingjun [1]. - The shop has become a cultural symbol and a must-try delicacy for tourists, especially during the summer season [1]. Group 2: Innovation and Product Development - The company has maintained traditional production techniques while also exploring new products, such as fish-flavored and taro-flavored layered cakes, to attract younger consumers [2]. - New product innovations include the introduction of layered cake ice cream, which has gained popularity among tourists [2]. - The company has also upgraded its packaging to appeal to modern aesthetics, enhancing its brand visibility [2]. Group 3: Financial Support and Growth - Since 2016, the Postal Savings Bank has provided a total of 3.1 million yuan in loans to support the business's growth and product innovation [3]. - The Xikou area now has over 30 production units with an annual output value exceeding 26 million yuan, indicating a robust market presence [3]. - The layered cake not only serves as a delicious treat but also embodies the rich heritage of non-material cultural assets, contributing to local tourism and cultural education initiatives [3].

Core Viewpoint - Lishui, a city in Zhejiang, is gaining popularity as a tourist destination, particularly the Yunhe Rice Terraces, which have been recognized for their natural beauty and cultural significance [1][2]. Group 1: Tourist Attraction - Yunhe Rice Terraces have a history of over 1,000 years, developed during the Tang Dynasty and flourishing in the Yuan and Ming Dynasties [2]. - The terraces are characterized by "three thousand" (1,000 years of history, 1,000 meters elevation drop, and 1,000 layers of terraces) and "three ten thousand" (10,000 acres of azaleas, 10,000 acres of sea of clouds, and 10,000 acres of bamboo forests) [2]. - In February 2024, Yunhe Rice Terraces were designated as a national 5A-level tourist attraction, increasing its visibility and attracting more visitors [2]. Group 2: Infrastructure and Development - Since 2018, local investments have been made to enhance the tourist experience, including the construction of a visitor center, cableway, and a world rice terrace museum [2]. - Continuous improvements in tourism-related infrastructure and cultural exploration have elevated the scenic area’s appeal and service quality [2]. Group 3: Financial Support and Consumer Engagement - Agricultural Bank of China’s Lishui branch has provided nearly 350 million yuan in loans to support the integration of agriculture, culture, and tourism in the region [3]. - In March, financial regulators encouraged banks to increase credit support for the cultural tourism sector, aligning with the goal of boosting consumer spending [3]. - The bank launched a promotional campaign offering discounts for credit card holders at the Yunhe Rice Terraces, enhancing visitor experience and encouraging spending [4].