海康威视强调，其自成立以来业务覆盖全球，一直恪守商业伦理，严格遵守业务所在地的法律法规，开展全球业务的合法合规经营。同时，海康威视希望加 拿大政府尊重法治，实事求是，为全球企业营造公平、公正、非歧视的环境，而非以臆想和偏见为由采取歧视行动。 日前，加拿大政府以所谓 "国家安全" 为由，命令海康威视加拿大有限公司停止在加拿大运营并关闭其加拿大业务。 对此，海康威视方面于近日作出回应，表示强烈反对加拿大政府的这一决定。并称，加拿大政府基于对中国《国家安全法》《国家情报法》等法律条文的错 误解读，重点针对海康威视国有控股的股权结构，在没有任何证据的情况下，无端指控海康威视在加业务可能损害其 "国家安全"，进而要求关停海康威视 加拿大公司，这种做法罔顾事实，严重缺乏程序公正和透明，是针对中国企业的歧视和打压。 据悉，6 月 28 日，中国驻加拿大使馆发言人也发表谈话指出，加拿大政府此举严重损害中国企业合法正当权益，干扰破坏中加正常经贸合作，中方对此强 烈不满和坚决反对，并敦促加拿大方面立即停止把经贸问题政治化、泛安全化，停止对中国企业的无理打压，为中国企业正常经营提供公平、公正、非歧视 的环境。 受此消息影响，海康威 ...

Group 1 - The total scale of bond ETFs has surpassed 350 billion yuan, indicating the arrival of an index-based investment era in the bond market [1] - Public funds in the first half of the year distributed a total of 127.5 billion yuan, with bond funds accounting for over 85% of the total distribution [1] - International gold prices increased by over 25% in the first half of 2025, driven by safe-haven demand, and are expected to continue rising [1] Group 2 - Several bank convertible bonds are facing mandatory redemption due to strong stock performance, leading to a contraction in the convertible bond market [2] - Chinese banks are increasingly investing in bonds, with small and medium-sized banks' bond investment balances rising to 46.41 trillion yuan, and large banks reaching 49.54 trillion yuan [2] Group 3 - The production of forest food in China has exceeded 200 million tons annually, with significant contributions from various regions [3] - The "thermal quenching" technology developed by researchers allows for precise switching of quantum materials between conductive and insulating states, potentially increasing electronic product speeds significantly [3] Group 4 - Leading photovoltaic glass companies are planning to reduce production by up to 30% due to a significant drop in prices [4] - *ST Yuancheng is under investigation for suspected financial data misrepresentation, which could lead to forced delisting [4] Group 5 - Lenovo Holdings plans to reduce its stake in Lakala by up to 3%, equating to approximately 23.64 million shares, due to business arrangements [5] - The actual controller of Baichuan Co., Ltd. is under investigation, but the company's operations remain normal [6] Group 6 - *ST Aowei reported an asset loss of approximately 25.04 million yuan due to poor storage management by a processing partner [6] - Shida Shenghua expects a net loss of 52 to 60 million yuan for the first half of 2025, primarily due to production issues and declining product prices [7] Group 7 - U.S. stock indices showed mixed results, with the Nasdaq down 0.82% and the Dow Jones up 0.89%, influenced by a strong labor market and reduced interest rate expectations [8] - Tesla's stock fell over 7% amid legislative changes, while solar and wind energy stocks rose [9]

Group 1 - Shida Shenghua expects a net loss of 52 million to 60 million yuan for the first half of 2025, a year-on-year decrease of 236.64% to 257.66% [1] - ST Zhizhi's vice president Wang Dong resigned for personal reasons, effective immediately upon delivery of the resignation to the board [1] - Haoyuan Pharmaceutical plans to increase capital by 400 million yuan to its wholly-owned subsidiary through a debt-to-equity swap, raising the registered capital from 400 million to 800 million yuan [1] Group 2 - Longxun Co. announced that shareholders and executives plan to reduce their holdings by up to 2% of the company's shares [2] - Aijian Group confirmed it has not engaged in any stablecoin-related business as of now [3] - Yanghe Co.'s chairman Zhang Liandong resigned due to work adjustments, effective immediately [5] Group 3 - Huanwei New Materials announced a stock suspension due to the major matter that may lead to a change in control [5] - Hualing Cable recently won contracts worth 456 million yuan in the power new energy sector, accounting for 10.97% of its audited revenue for 2024 [6] - Aerospace Changfeng plans to publicly transfer 55.45% of its stake in Aerospace Boke [6] Group 4 - Suzhou Planning is planning to acquire control of Dongjin Aerospace Technology, leading to a stock suspension for up to 10 trading days [6] - Yuexiu Capital intends to increase its stake in Yuexiu Real Estate using up to 204.22 million yuan through the Hong Kong Stock Connect [6] - Baichuan Co.'s actual controller and chairman Zheng Tiejiang is under investigation and has received a detention notice [7] Group 5 - XWANDA plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [8] - ST Aowei reported a loss of approximately 25.04 million yuan in inventory due to poor storage by a third party [8] - Yian Technology plans to increase capital by 120 million yuan to its subsidiary, raising its equity stake from 60% to 72.973% [9] Group 6 - Dongli New Science's wholly-owned subsidiary was applied for bankruptcy reorganization by creditors due to insolvency [11] - Bochuang Technology changed its name to Changxin Bochuang Technology, effective July 2, 2025 [14] - Huayang Co.'s controlling shareholder received a notice of administrative penalty from the China Securities Regulatory Commission [15] Group 7 - Hangzhou Thermal Power's shareholders plan to reduce their holdings by up to 4.09% of the company's shares [16] - Guoke Military Industry's two shareholders plan to reduce their holdings by up to 1.81% of the company's shares [17] - Pangu Intelligent's seven shareholders plan to reduce their holdings by up to 1% of the company's shares [19]

作者：柳白 2025年3月，央行行长潘功胜宣布将联合证监会、科技部等部门创新推出债券市场"科技板"，重点支持金融机构、科技型企业、私募股权投资机构三类主体 发行科技创新债券。5月，央行、证监会联合发布《关于支持发行科技创新债券有关事宜的公告》，从丰富产品体系和完善配套机制两方面推出多项举措。 随后，沪、深、北交易所及交易商协会相继发文落实相关部署，细化科创债机制安排，一揽子政策为科创债发行注入活力。 政策出炉后，各大发行主体迅速响应。建设银行、国家开发银行等金融机构纷纷发声，公布发行或承销市场首批科技创新债券的情况，助力债券市场"科技 板"和多层次债券市场建设，引导资金流向信息技术、高端装备制造、新能源汽车、生物技术等前沿科创领域。 近期，建设银行发行的首笔科技创新债券正式上市。该笔债券于5月22日完成簿记，发行规模300亿元，为目前市场规模最大的金融类科技创新债券。该笔债 券中，3年期品种发行规模250亿元，票面利率1.65%，全场认购2.3倍；5年期品种发行规模50亿元，票面利率1.76%，全场认购2.1倍。 自今年5月，央行、证监会联合发布支持发行科创债最新政策以来，科创债火热发行。 建设银行表示，募集 ...

Group 1 - The Civil Aviation Administration of China issued an emergency notice prohibiting passengers from carrying power banks without 3C certification, unclear 3C markings, or recalled models on domestic flights starting June 28 [2] - The power bank industry has faced widespread scrutiny due to safety issues, with several well-known brands involved in incidents of spontaneous combustion, leading to bans on specific products at multiple universities in Beijing [5][6] - Romoss announced a recall of certain batches of its products on June 18, citing risks associated with raw materials under extreme conditions [5][6] Group 2 - Anker Innovations also issued a recall on June 21 for some of its basic power bank models due to potential overheating and combustion risks linked to a specific batch of industry-standard battery cells [6] - The crisis in the industry has been traced back to supplier Amperes, affecting multiple brands including Anker, Xiaomi, and others, which have had their certifications suspended or revoked [8] - The State Administration for Market Regulation has included power banks in the CCC certification management scope, effective August 1, 2023, requiring all products to have valid certification before being sold or used [10] Group 3 - A market inspection revealed that out of 149 batches of power banks tested across various platforms, 65 batches were found to be non-compliant with safety standards, highlighting ongoing quality issues in the industry [11] - The new regulations from the Civil Aviation Administration are seen as a necessary response to the safety hazards posed by power banks and a push for the industry to prioritize safety over cost [11]

Group 1 - The first batch of 26 new floating rate funds has been launched, with over half already announced [1] - He Yuan Biological's IPO application has passed the review, marking the first successful IPO under the fifth set of standards for the Sci-Tech Innovation Board [1] - Multiple real estate companies are accelerating debt restructuring, with over 75% of holders supporting the offshore debt restructuring agreement from Country Garden [1] Group 2 - In June, China's heavy truck wholesale sales reached approximately 92,000 units, a year-on-year increase of about 29% [2] - The market for charging treasures in Huaqiangbei still includes products without 3C certification, despite increased scrutiny [2] - Guangzhou has launched its first "immediate refund" point for departure tax refunds, with a significant increase in tax refund applications and sales [3] Group 3 - Standard Chartered Bank faces a lawsuit related to the 1MDB scandal, with claims of failing to perform anti-money laundering checks on over $2.7 billion [3] - Perfect World has initiated an anti-corruption campaign, dismissing multiple individuals involved in bribery and misconduct [4] - Douyin e-commerce has clarified that there are no channels for obtaining sales permissions without followers, emphasizing adherence to established rules [4] Group 4 - Hebei Asset Management has submitted an IPO application, potentially becoming the first local asset management company to list on the Hong Kong Stock Exchange [4] - Tailong Pharmaceutical plans to register and issue up to 800 million yuan in short-term financing bonds [5] - Chang Aluminum's subsidiary has signed a contract worth 165 million yuan for a cleanroom construction project [6] Group 5 - Guomai Technology expects a net profit increase of 60.52% to 100.33% for the first half of 2025 [7] - Kidswant anticipates a net profit growth of 50% to 100% for the first half of 2025 [8] - The Shanghai Composite Index rose by 0.39%, with innovation drug stocks experiencing significant gains [9][10]

Group 1 - TaiLong Pharmaceutical plans to apply for the registration and issuance of super short-term financing bonds not exceeding 800 million yuan, with a maturity of no more than 270 days, for purposes including replacing bank loans and supplementing working capital [1] - GuoXin Technology won a bid for a 46 million yuan automotive airbag ignition driver chip project, indicating its growing presence in the automotive semiconductor market [1] - GuoMai Technology expects a net profit increase of 60.52% to 100.33% for the first half of 2025, with a projected net profit of 125 million to 156 million yuan [2] Group 2 - ChangAluminum's subsidiary signed a 165 million yuan contract for the customized construction of a clinical and industrial base for a vaccine project, highlighting its involvement in the biopharmaceutical sector [3] - ZhongSalt Chemical acquired exploration rights for natural soda ash in Inner Mongolia for 929,000 yuan, expanding its resource base [4] - Six Kingdom Chemical announced the resignation of its deputy general manager, which may impact its operational strategy [5][6] Group 3 - FuYuan Pharmaceutical received a drug registration certificate for Bisoprolol Amlodipine tablets, indicating its expansion in the hypertension treatment market [7][8] - GuanShi Technology's subsidiary received a government subsidy of 7 million yuan, which is 45.29% of its net profit for the previous year, enhancing its financial position [9] - XiZhong Technology plans to repurchase shares worth between 75 million and 150 million yuan, aimed at employee stock ownership plans or equity incentives [10] Group 4 - BeiLu Pharmaceutical's subsidiary received approval for the raw material drug Iopromide, which is used as a contrast agent for various imaging examinations [12] - HongHui New Materials obtained a patent for a water-based protective paint for hardware parts, enhancing its product portfolio [13] - BoJi Pharmaceutical's subsidiary received two patents related to high bioavailability formulations, indicating innovation in biopharmaceutical technology [14] Group 5 - ChengJian Development received a cash dividend of 23.625 million yuan from its investment in Huaneng Capital, contributing to its investment income [15] - JiuZhou Pharmaceutical's subsidiary received a drug registration certificate for Sildenafil Citrate orally disintegrating tablets, expanding its product offerings in the erectile dysfunction treatment market [16] - RuiAng Gene's subsidiary received a government subsidy of 176,290 yuan, supporting its operational activities [17] Group 6 - FengFan Technology plans to acquire 100% equity of a subsidiary for 48 million yuan, indicating strategic expansion in the renewable energy sector [18] - AoJing Medical's subsidiary received a medical device production license, allowing it to manufacture absorbable surgical dressings [19] - TaiLin Bio's subsidiary won land use rights for an industrial site, facilitating its high-performance filter project [20] Group 7 - KaiPu Bio received a patent for a method and device for analyzing genomic copy number variations, enhancing its capabilities in molecular diagnostics [21] - Shanghai KaiBao received a drug registration certificate for Phlegm-Heat Clearing Capsules, which can be used in the treatment of COVID-19 symptoms [23] - TuoJing Life received two patents for high uniformity streptavidin applications, improving its diagnostic product stability [25] Group 8 - AnKe Bio's AK2024 injection received approval for clinical trials, marking a significant advancement in cancer treatment [26] - HuanYuan Pharmaceutical expects a net profit of 142 million to 160 million yuan for the first half of 2025, reflecting substantial growth [27] - JinHongShun terminated a major asset restructuring plan due to a lack of consensus among parties involved, impacting its strategic direction [28] Group 9 - HeZhan Energy signed a 177 million yuan contract for the sale of steel-concrete tower structures, indicating strong demand in the renewable energy sector [29] - InSai Group's acquisition plan for an 80% stake in ZhiZheTongXing was accepted by the Shenzhen Stock Exchange, indicating growth in its consulting business [30] - JiuDian Pharmaceutical received a drug registration certificate for Zinc Granules, enhancing its product line in gastrointestinal treatments [32] Group 10 - GuoYao Modern plans to publicly transfer a 51% stake in its subsidiary to optimize resource allocation [34] - GuoYao Modern's subsidiary received a drug registration certificate for Perindopril Indapamide tablets, expanding its hypertension treatment portfolio [36] - ZhongGong International signed a 175 million yuan engineering consulting service contract, showcasing its capabilities in project management [38] Group 11 - China Railway won contracts worth approximately 5.343 billion yuan for overseas construction projects, indicating its strong international presence [39] - JunPu Intelligent signed a framework contract for humanoid robot sales worth about 28.25 million yuan, reflecting growth in the robotics sector [41] - Sinopec's chairman resigned due to age, which may lead to changes in corporate governance [42] Group 12 - JiuFeng Energy's controlling shareholder plans to reduce their stake by up to 0.71%, indicating potential changes in ownership structure [44] - Zhejiang Oriental's subsidiary plans to establish a 1.74 billion yuan equity investment fund, focusing on strategic emerging industries [46] - ChenGuang New Materials received a government subsidy of 26 million yuan, significantly impacting its financial performance [48]

Core Viewpoint - The luxury automotive market, particularly the German trio of BBA (Benz, BMW, Audi), is experiencing a significant price drop due to the rise of electric vehicles and strong competition from domestic brands, leading to a collective price war that undermines their traditional premium positioning [3][4][6]. Price Cuts and Market Dynamics - Since 2025, BBA has engaged in aggressive price reductions, with Mercedes-Benz GLC seeing discounts up to 199,000 yuan, and the EQC dropping from 620,000 yuan to 220,000 yuan, a staggering decrease of 400,000 yuan [4][5]. - Audi's A4L has seen its price drop to the 200,000 yuan range, while the Q7's entry price has fallen below 500,000 yuan for the first time [4]. - BMW's 525Li has dropped to below 290,000 yuan, representing a 34% discount from its original price [5]. - The overall luxury car market is witnessing a collapse in pricing, with models like the Porsche Cayenne and Macan also seeing significant price reductions [5]. Impact of Electric Vehicles and Domestic Brands - The price decline is primarily driven by the competitive pressure from domestic electric vehicle brands, which are advancing rapidly in technology and market share [6][10]. - Domestic brands like Li Auto and AITO are offering advanced features that BBA's models lack, such as superior intelligent driving systems [7][8]. - BBA's sales in China are declining, with Mercedes-Benz down 7% to 683,600 units, BMW down 13.3% to 714,500 units, and Audi down 10.9% to 649,000 units in 2024 [10]. Challenges in Transformation - BBA is struggling with the transition to electric and smart vehicles, with significant investments required while their net profits are declining: Mercedes-Benz down 28.4%, BMW down 36.9%, and Audi down 33.1% [12]. - The lack of in-house battery production capabilities forces BBA to rely on expensive external suppliers, impacting their cost structure [12]. - BBA's attempts to collaborate with tech companies like Huawei for smart driving solutions may lead to a loss of brand identity and autonomy [13]. Strategic Responses - In response to the crisis, BBA plans to launch 36 new products from 2025 to 2027, with BMW aiming for a 20% efficiency improvement and Audi collaborating with Porsche on a new electric platform [11][12]. - Initial signs of recovery are noted, with models like the Audi Q4 e-tron and BMW i3 seeing increased orders after integrating advanced technologies [13]. Conclusion - The luxury car market's definition is shifting, and BBA's ability to reclaim its former status is increasingly uncertain, suggesting a potential long-term decline in brand value and consumer trust [14].

Group 1 - Kanghong Pharmaceutical received a drug registration certificate for Lifisig Eye Drops, approved for treating dry eye symptoms [1] - Kanghong Biotech, a wholly-owned subsidiary, received clinical trial approval for KH813 injection for metastatic non-squamous non-small cell lung cancer [1] - Kanghong Pharmaceutical was established in October 1996, focusing on drug and medical device research, production, and sales [1] Group 2 - Guoyuyuan's subsidiary received a government subsidy of 7.5521 million yuan, accounting for 10.14% of the company's audited net profit for 2024 [2] - Guoyuyuan was founded in November 1996, specializing in drug research, production, and sales [3] Group 3 - Haicheng Bonda's subsidiary signed a lease termination agreement, incurring a termination fee of 3.35 million USD [4] - Haicheng Bonda was established in December 2009, providing comprehensive modern logistics services [4] Group 4 - Hongxin Electronics' subsidiary signed contracts totaling 373 million yuan for computing power business [5] - Hongxin Electronics was founded in September 2003, focusing on FPC research, design, manufacturing, and sales [6] Group 5 - Tianbang Food reached a settlement agreement regarding a 1.214 billion yuan lawsuit, agreeing to repay 410 million yuan over 36 months [8] - Tianbang Food was established in September 1996, specializing in pig farming and pork processing [9] Group 6 - Daoshi Technology's controlling shareholder plans to reduce holdings by up to 1.97% of the company's shares [10] - Daoshi Technology was founded in September 2007, focusing on ceramic color glazes and related products [10] Group 7 - Jinpu Titanium is planning a major asset restructuring, leading to a stock suspension [10] - Jinpu Titanium was established in November 1989, specializing in titanium dioxide production and sales [11] Group 8 - Shenzhen Energy plans to invest 6.332 billion yuan in upgrading the Mawan Power Plant [12] - Shenzhen Energy was founded in August 1993, focusing on conventional and renewable energy development [13] Group 9 - Lihua Co. plans to reduce holdings by up to 3% of the company's shares [14] - Lihua Co. was established in June 1997, specializing in the breeding and sales of poultry [15] Group 10 - China Communications Construction Company plans to repurchase shares worth 500 million to 1 billion yuan [16] - China Communications Construction Company was founded in October 2006, focusing on infrastructure design and construction [17] Group 11 - Huatiankeji's subsidiary received a government subsidy of 80.6569 million yuan, accounting for 13.09% of the company's latest audited net profit [20] - Huatiankeji was established in December 2003, specializing in integrated circuit packaging and testing [21] Group 12 - Luxin Chuangtou plans to acquire shares in Hongke Electronics for a total of 9 million yuan [23] - Luxin Chuangtou was founded in November 1993, focusing on venture capital and industrial development [24] Group 13 - Feilong Co.'s controlling shareholder plans to reduce holdings by up to 563,250 shares [25] - Feilong Co. was established in January 2001, specializing in thermal management components for automotive and civil applications [26] Group 14 - Linglong Tire submitted an application for H-share listing on the Hong Kong Stock Exchange [27] - Linglong Tire was founded in June 1994, focusing on tire design, development, manufacturing, and sales [27] Group 15 - Saiwei Electronics plans to acquire 9.5% of its subsidiary's shares for up to 324 million yuan [28] - Saiwei Electronics was established in May 2008, focusing on MEMS chip development and semiconductor equipment [28] Group 16 - Suzhou Bank's major shareholder plans to increase holdings by no less than 400 million yuan [29] - Suzhou Bank was founded in December 2004, focusing on various banking services [29]

上半年A股并购重组热度攀升 1493家公司合计披露1984单计划 据Wind资讯数据统计，今年上半年，1493家A股上市公司共计筹划1984单并购重组计划。其中，构成重 大资产重组的有102单，同比增长121.74%。接受采访的专家表示，随着《关于深化上市公司并购重组 市场改革的意见》配套措施的落地实施，以及《上市公司重大资产重组管理办法》的持续发力，企业并 购重组的政策支持体系愈发完善，不仅审核效率将进一步提升，配套融资与支付方式也将更为灵活，为 并购重组市场注入更强活力。从并购重组目的来看，一方面，上市公司将并购重组作为延链补链的重要 抓手，完善产业链条；另一方面，在横向并购拓展中，摒弃单纯追求规模效应的模式，更加注重企业间 的优势互补，以实现协同发展与竞争力的全面提升。（智通财经） 上半年A股定增规模同比增长逾6倍 银行、非银金融等行业募资规模较大 今年以来，定增市场持续回暖。据Wind数据统计，截至6月30日，年内已有70家上市公司实施定增（以 定增股份上市日统计），合计募资6959.19亿元，同比增长611.62%。其中，19家央企和央企控股上市公 司定增募资合计5886.8亿元。南开大学金融学教授 ...