7月21日，公募基金2025年二季报披露完毕。 公募基金最新前十大重仓股出炉 ，分别是腾讯控股、宁德 时代、贵州茅台、美的集团、紫金矿业、小米集团-W、立讯精密、阿里巴巴-W、新易盛、中芯国际。 腾讯控股仍位列第一大重仓股 根据天相投顾提供的数据， 继一季度末取代宁德时代，成为公募基金第一大重仓股后，二季度末，腾 讯控股仍位列公募基金第一大重仓股。 截至二季度末，公募基金持有腾讯控股市值达591.56亿元。公募 基金第二大重仓股是宁德时代，截至二季度末，公募基金持有宁德时代市值达520.51亿元。 位列公募基金第三到第十大重仓股的分别是贵州茅台、美的集团、紫金矿业、小米集团-W、立讯精 密、阿里巴巴-W、新易盛、中芯国际。截至二季度末，公募基金持有上述个股市值均超160亿元。 与2025年一季度末相比，小米集团-W、新易盛新晋前十大重仓股，比亚迪、五粮液退出前十大重仓 股。 从增持的情况来看，今年二季度，公募基金增持市值最多的是中际旭创和新易盛，分别增持139.72亿元 和128.88亿元。另外，公募基金增持沪电股份的市值超过80亿元；增持信达生物、泡泡玛特、胜宏科 技、三生制药的市值均超过60亿元。 从减持 ...

Core Viewpoint - The article highlights the significant rise in gold prices, with spot gold surpassing $3,400 per ounce, and discusses the positive performance of gold companies in the first half of the year due to this price increase [1][3][8]. Group 1: Gold Price Movement - On the evening of the 21st, spot gold surged over 1.5%, returning above $3,400 per ounce [1]. - COMEX futures gold rose by 1.6%, reaching $3,412 per ounce, while spot silver increased by 2% to $38.939 per ounce [3]. - However, on the morning of the 22nd, spot gold experienced a decline, trading at $3,386.600 per ounce [5]. Group 2: Performance of Gold Companies - Compared to the beginning of the year, international gold futures prices have increased by approximately 28%, leading to impressive performance from gold companies in the first half of the year [8]. - Western Gold expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between 130 million to 160 million yuan, an increase of 96.35% to 141.66% year-on-year [10]. - Shandong Gold anticipates a net profit of 2.55 billion to 3.05 billion yuan for the first half of 2025, reflecting a year-on-year increase of 84.3% to 120.5% [10]. - Zhongjin Gold projects a net profit of 2.614 billion to 2.875 billion yuan for the first half of this year, representing a year-on-year increase of 50% to 65% [10]. - Hunan Gold expects a net profit of 613 million to 701 million yuan for the first half of this year, a year-on-year increase of 40% to 60% [11]. - Chifeng Gold anticipates a net profit of 1.08 billion to 1.13 billion yuan for the first half of 2025, an increase of 52.01% to 59.04% year-on-year [11]. Group 3: Central Bank Gold Purchases - The article notes a continued trend of central banks purchasing gold, with China's gold reserves reaching 73.9 million ounces (approximately 2,298.55 tons) by the end of June 2025, marking a net increase for eight consecutive months [13]. - In 2024, global central bank net gold purchases reached 1,136 tons, the second-highest on record, with China, Poland, and Turkey being the top three buyers in the first quarter of 2025, accounting for over 50% of purchases [15]. - The article discusses the strategic reasons behind central banks increasing gold holdings, including optimizing foreign exchange reserve structures and enhancing the international role of the renminbi [15][16].

Core Viewpoint - The article highlights the significant movements in various sectors of the Chinese stock market, particularly the rise in infrastructure-related stocks and the performance of the innovative drug sector, while noting a decline in the financial sector. Group 1: Infrastructure Sector - The infrastructure sector continues to rise, with notable increases in engineering machinery, civil explosives, and cement stocks [1] - Leading stocks such as China Electric Power Construction (601669) reached a limit up with over 12 million shares sealed, bringing its market value to 105.94 billion [2][3] - Other major stocks like Conch Cement, Hengli Hydraulic, and TBEA also experienced substantial gains [2] Group 2: Financial Sector - The financial sector is experiencing a pullback, with declines in banking, brokerage, diversified financials, and internet finance [4][6][7] - Specific banks such as Zheshang Bank and Industrial and Commercial Bank of China saw declines of 1.97% and 1.56%, respectively [9] - Analysts suggest that the banking sector may still have room for valuation recovery, supported by a favorable funding environment and attractive dividend yields [10] Group 3: Innovative Drug Sector - The innovative drug sector continues its upward trend, with stocks like Sailun Biotech and Chengda Pharmaceutical showing significant increases [12][15] - The sector has seen a strong performance in both A-shares and Hong Kong stocks, with several major companies announcing profitability, boosting market confidence [15] - The growth in the number and value of domestic innovative drugs entering international markets has been substantial, accounting for over half of global innovative drug transactions [15][16] Group 4: Specific Stock Movements - Upwei New Materials has seen a remarkable rise, hitting a 20% limit up for ten consecutive trading days, with a total increase of over 519% in ten trading days, bringing its market value to 19.44 billion [18][20]

22日，故宫博物院致歉并回应称， 因购票小程序升级时出现异常，导致7月22日至7月28日的票额、票 种、票价显示错误。目前，小程序功能已恢复正常。 故宫表示，将尽快通过400-950-1925客服电话与在此异常时段内购票的观众联系，重新生成正确订单， 保障观众的参观权益。由此给观众带来的不便，深表歉意！感谢观众理解与配合。 7月22日凌晨，不少游客"薅"到了故宫博物院的羊毛。从购票系统进入后，游客发现，故宫博物院的全 价门票才0.02元，钟表馆、珍宝馆的票价也都是0.02元，相关展览的票价则是0元。 记者还注意到，有游客晒出的"购票成功"页面上，出现了检票时须查验72小时内核酸检测阴性证明的要 求。记者联系了多位凌晨购票成功的游客，均表示，"订单已经没有了，不过钱还没退。" 7月22日上午，故宫博物院客服人员表示，"系统出现异常，正在排查中。" 来源：北京日报、政事儿 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 "人形机器人第一股"，拿下大单 7月LPR出炉 ▲7月22日凌晨，故宫博物院购票系统显示，全价门票0.02元，钟表馆、珍宝馆的票价也都是0.02元。社交平台截图 据媒体此前报道，各地 ...

Core Viewpoint - JD.com has launched its first self-operated takeaway store named "Qixian Xiaochu" in Beijing, aiming to establish a unique business model distinct from Meituan's delivery service [1][6]. Group 1: Store Launch and Operations - "Qixian Xiaochu" officially opened on July 20, 2023, offering a variety of dishes including wontons, pork leg rice, Korean mixed rice, and pasta, with a pricing range of 10 to 30 yuan [1][6]. - The store operates on a "takeaway + self-pickup" model, with no dine-in options available, featuring a transparent kitchen and designated areas for delivery personnel [1][6]. - As of the report, the store has sold 800 orders and is not listed on Meituan or Ele.me, indicating a focus on JD's own delivery platform [6]. Group 2: Partnership and Expansion Plans - JD.com has initiated a "Dish Partner" recruitment program, aiming to find partners for 1,000 signature dishes with a total cash incentive of 1 billion yuan [8]. - Each dish provided by partners will guarantee a minimum reward of 1 million yuan, with unlimited sales sharing potential, open to brand restaurants and individual chefs [9]. - The company plans to establish 10,000 "Qixian Xiaochu" locations nationwide within three years [10].

Market Performance - On July 21, U.S. stock markets experienced a high and then a pullback, with the Nasdaq and S&P 500 indices reaching all-time highs, and the Nasdaq briefly surpassing 21,000 points [1][5] - At the close, the Dow Jones Industrial Average fell by 0.04%, the Nasdaq rose by 0.38%, and the S&P 500 increased by 0.14% [5] - Major tech stocks showed mixed performance, with Google up by 2.80%, Amazon up by 1.43%, and Meta up by 1.23%, while Tesla and Nvidia saw declines of 0.35% and 0.60% respectively [6][8] Chinese Concept Stocks - The Nasdaq Golden Dragon China Index fell by 0.28%, with notable gains in stocks like NetEase up over 23%, while companies like New Oriental and Century Internet dropped by over 6% [10][11] Commodity Market - As of 6:12 AM Beijing time, spot gold rose by 0.08% to $3,399.482 per ounce, while COMEX gold futures increased by 1.55% to $3,411.7 per ounce [2][15] - Crude oil prices saw slight declines, with ICE Brent down by 0.25% and NYMEX WTI down by 0.41% [17][18] Credit Outlook - Fitch Ratings indicated that policy risks are casting a shadow over the U.S. credit outlook, downgrading the outlook for 25% of U.S. industries to "deteriorating" for 2025 due to increased uncertainty and expected prolonged high interest rates [3][12] Earnings Season - As the earnings season begins, the S&P 500 reached a historical high, with analysts emphasizing the importance of navigating this period without significant missteps to maintain market momentum [12]

Core Viewpoint - The article discusses various economic and market developments in China, highlighting significant investments, regulatory changes, and industry performance metrics. Group 1: Investment and Market Activity - In Q2, Central Huijin invested approximately 200 billion yuan in ETFs, including significant purchases of various blue-chip style ETFs [1][12] - The People's Bank of China announced the loan market quotation rate (LPR) for July 21, 2025, with a 1-year LPR at 3.0% and a 5-year LPR at 3.5% [10] Group 2: Real Estate and Housing Policies - Chengdu's housing and urban-rural development bureau, along with six other departments, released 17 measures to promote stable and healthy development in the real estate market, effective from July 21, 2025 [2][9] - The newly published Housing Rental Regulations aim to standardize rental activities and promote high-quality development in the housing rental market, effective from September 15, 2025 [5] Group 3: Industry Performance Metrics - In June, China's total electricity consumption reached 867 billion kWh, a year-on-year increase of 5.4%, with significant growth in residential electricity consumption [8] - The express delivery business in China has maintained its position as the world's largest for 11 consecutive years, with over 500 million packages collected daily [6] Group 4: Corporate Developments - Eight Horse Tea Co. has completed the filing process for its overseas listing in Hong Kong, planning to issue up to 29.13 million shares [3][17] - Guangzhou Light Industry Group is involved in a legal dispute regarding equity transfer with Ningbo Hanyi, which may affect the control of the listed company, Good Products [18][22]

Core Viewpoint - The public's interest in Alibaba's founder Jack Ma has surged following a viral video of him riding a bicycle at West Lake, leading to increased demand for the specific model of bicycle he was using [1][4]. Group 1: Public Reaction - The video of Jack Ma riding a bicycle has sparked diverse discussions online, with topics such as "Jack Ma's night ride at West Lake" and "Jack Ma's cycling outfit" trending [1][4]. - The bicycle used by Jack Ma is a newly released model from 2025, priced at 18,500 yuan, which has reportedly sold out quickly upon arrival in stores [4]. Group 2: Market Impact - Retailers in Shanghai and Hangzhou have reported a surge in inquiries and orders for the bicycle model associated with Jack Ma, indicating a strong market response [4]. - The bicycle has entered the top three of the best-selling bicycles on Taobao, with over a thousand people adding it to their carts, particularly favoring the "flowing purple" color [7]. Group 3: Availability - As of July 19, the official Taobao store for BROMPTON confirmed that the Jack Ma model bicycle is still available, with a purchase limit of two units per person and a shipping timeframe of 48 hours [9].

Core Viewpoint - The article discusses the launch of "Future Music Academy" by singer Wang Feng, which includes an online music course priced at 299 yuan, featuring 30 pre-recorded lessons and 3 live sessions with professional music teachers [1][6]. Summary by Sections Course Details - The course consists of 30 recorded lessons and 3 live sessions, covering various aspects of music, including rhythm, the origins of modern pop music, and emotional expression in singing [1][4]. - The course is designed for beginners, with a 30-day completion timeline and assessments for advanced learning opportunities, including participation in Wang Feng's live events [6][11]. Marketing and Sales Performance - Wang Feng promoted the course through social media, including multiple videos demonstrating singing techniques [6]. - Initial sales figures showed a disappointing performance, with only about 425 courses sold on Douyin as of July 21, despite a previous live session selling over 5,600 courses in one day, generating approximately 1.67 million yuan in revenue [7][11]. Company Background - "Future Music Academy" is associated with Beijing Xiangxin Weilai Education Consulting Service Co., Ltd., established in April 2023, with Wang Feng as the actual controller and beneficiary [14]. - The trend of celebrities entering the education sector has been noted, with comparisons to other stars like Wu Yanzu, who also faced scrutiny regarding the quality of their courses [14].

Core Viewpoint - The ownership change of Liangpinpuzi (603719.SH) has encountered new developments, with legal disputes arising between Guangzhou Light Industry Group and Ningbo Hanyi regarding share transfer issues, potentially impacting the company's control and stock performance [1][15]. Group 1: Legal Disputes and Shareholder Changes - Guangzhou Light Industry has filed a lawsuit against Ningbo Hanyi for malicious breach of contract concerning the share transfer of Liangpinpuzi, with the case officially accepted by the Guangzhou Intermediate People's Court [1][15]. - As of July 14, 2023, 56.46% of the shares held by Ningbo Hanyi in Liangpinpuzi have been frozen, amounting to 79,763,962 shares, which represents 19.89% of the total share capital of Liangpinpuzi [1]. - On July 17, Liangpinpuzi announced the introduction of Wuhan Financial Holdings as a strategic investor, with a total transaction price of 1.046 billion yuan, resulting in Wuhan Changjiang International Trade Group holding 21% of the company [2]. Group 2: Shareholding Structure Changes - Prior to the share transfer, Ningbo Hanyi held 141,287,094 shares (35.23%), which will decrease to 69,047,214 shares (17.22%) post-transfer, while Liangpinpuzi Investment will completely divest its 11,970,120 shares [3]. - The share transfer agreement with Wuhan Changjiang International Trade Group indicates a strategic shift in control, with the actual controller changing to the Wuhan Municipal Government State-owned Assets Supervision and Administration Commission [2][3]. Group 3: Financial Implications and Market Performance - The lawsuit and share freezing may hinder the transfer of control and could negatively impact Liangpinpuzi's stock price in the short term due to uncertainties surrounding the ownership change [8]. - As of the latest market data, Liangpinpuzi's stock price is reported at 13.46 yuan per share, with a market capitalization of approximately 5.397 billion yuan [10][11]. - Following a significant loss in 2024, Liangpinpuzi is projected to incur a net loss of 75 million to 105 million yuan in the first half of 2025 [14].