Core Viewpoint - Tesla is focusing on significant investments in U.S. manufacturing and infrastructure, with a capital expenditure of approximately $44 billion as of early this year, and plans to invest an additional $8 billion this fiscal year, despite warnings of deteriorating fundamentals and potential negative free cash flow for the first time since 2018 [1][4]. Group 1: Investment and Financial Performance - Tesla's capital expenditure reached about $44 billion, with $10 billion spent in the last fiscal year and an expected $8 billion for the current fiscal year [1]. - The company is facing warnings from Wells Fargo regarding a potential decline in free cash flow, which could turn negative for the first time since 2018 [4]. - Tesla's Q1 financial results showed a significant decline, with total revenue of $19.335 billion, down 9% from $21.301 billion year-over-year, and net profit dropping to $420 million from $1.405 billion, a decrease of 71% [5]. Group 2: AI and Technological Advancements - AI is a key investment area for Tesla, with plans to invest around $10 billion in 2024, focusing on in-house developments such as AI inference computers and the Dojo supercomputer [3]. - The rollout of Tesla's FSD (Full Self-Driving) V13.2 marks a significant advancement for the Robotaxi service, with future versions expected to enhance capabilities further [7]. Group 3: Production and Delivery Challenges - Tesla's capital expenditure expectations have been consistently revised downward, with projections for 2025 now exceeding $10 billion, down from earlier estimates [4]. - Wells Fargo predicts that Tesla's second-quarter vehicle deliveries will remain flat compared to a weak first quarter, with a forecast of 343,000 units, approximately 17% below consensus expectations [4].

本周，美股市场震荡，道琼斯工业指数、纳斯达克指数小幅上涨，标普500指数小幅下跌。欧洲股市普 遍下跌，法国CAC40指数跌逾1%。 美股科技股表现分化。微软、英伟达、苹果本周上涨，亚马逊、谷歌母公司Alphabet、特斯拉本周下 跌。其中， 谷歌母公司Alphabet本周市值蒸发近1000亿美元。美股稳定币概念股Circle Internet本周上 涨近80%，上市以来累计涨幅超670%。 谷歌母公司Alphabet 市值蒸发近千亿美元 本周，美股道琼斯工业指数上涨0.027%，纳斯达克指数上涨0.21%，标普500指数下跌0.15%。 而Circle Internet一批重要股东如ALLAIRE JEREMY、DATE RAJEEV V，FOX-GEEN JEREMY等均在近 期减持。 来源：中国证券报 关注" 新华网财经 "视频号 更多财经资讯等你来看 本周全球重要股票指数涨跌幅 | 证券代码 | 证券简称 | 周涨跌幅 | | | --- | --- | --- | --- | | | | [交易日期] 最新收盘日 | | | | | [单位] %↓ | | | KS11.GI | 韩国综合指数 | | ...

中国人民银行官网今天发布消息，为深化内地与香港金融合作，满足两地居民安全、高效、 便捷的跨境汇款需求， 中国人民银行、香港金融管理局共同推动并支持由中国人民银行清算 总中心和香港银行同业结算有限公司开展内地与香港快速支付系统互联互通合作 （以下简称 跨境支付通）。现就有关事宜公告如下： 二、跨境支付通支持两地快速支付系统参与机构为两地居民提供经常项下人民币、港币便利 化汇款服务，支持两地参与机构在落实相关政策的基础上，为薪酬发放、留学缴费、医疗缴 费等惠及两地民生融合的业务场景提供快速汇款服务。 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 华为，重大发布！ 金价大跌！ 六、跨境支付通参与机构须严格遵守反洗钱、反恐怖融资、防扩散融资及跨境资金结算相关 法律法规规定。 七、跨境支付通将于2025年6月22日上线。 一、跨境支付通是指通过内地网上支付跨行清算系统与香港快速支付系统"转数快"连接，在 遵从两地相关法律法规的前提下，为两地居民提供实时跨境支付服务。 来源：央视财经（ID：c c t v y s c j） 三、跨境支付通是中央政府支持香港发展、便利民生，加深内地与香港金融合作的又一项重 ...

Core Viewpoint - The platinum market is experiencing a significant surge in demand and price, with platinum prices surpassing 300 yuan per gram and a year-to-date increase of over 36%, outpacing gold's growth [1][9]. Group 1: Market Dynamics - In the Shenzhen Shui Bei market, there is a noticeable increase in jewelry merchants purchasing platinum, driven by rising gold prices leading consumers to shift towards platinum [1]. - Sales volume of platinum has risen from 150-200 kg per month to potentially 400-500 kg during peak periods, indicating a supply-demand imbalance [3]. - Many jewelry stalls have reduced their gold sales space or completely transitioned to selling platinum due to the increased demand and better profit margins associated with platinum [5][7]. Group 2: Supply and Demand Factors - The surge in platinum prices is attributed to strong demand growth, with China becoming the largest retail investment market for platinum, surpassing North America in Q1 [11]. - On the supply side, platinum production is heavily concentrated in South Africa, which has seen a decline in output, contributing to a tightening supply situation [13]. - The current price of platinum futures has reached over $1300 per ounce, marking a five-year high, reflecting the ongoing high demand and limited supply [9].

一年一度的个税年度汇算申报进入倒计时 6月30日截止办理 你填报了吗？ 现在纳税人无需预约 登录个人所得税App可直接办理 这份填报攻略请收好↓ ne H ○ 首先,您需下载安装国家税务总局官方发布的个人所得税 APP。可直接扫描识别二维码进行下载。 国家祝劳思局 旋布 步骤二 ● 登录个人所得税APP,查看【2024综合所得年度汇算】 专题,点击【开始申报】。 [] Q 请输入想搜索的功能/服务 关于近期虚假退税宣传的温馨提示 进入专题页 2024综合所得年度汇算 您预约了今日的年度汇算申报,请尽快办理 开始申报 重点服务推荐 ◆ 专项附加扣除 相关政策 > 若符合条件,您可点击下方填报 m 超1亿人参与 /- 我要填报 综合所得年度 收入纳税明细 纳税记录开具 更多I 汇管 查看个人所得税纳 生成或查看纳税记 设置在 税明细 常用功 tion 申报与查询综合所 得年度汇策 去申报 去查询 0 办&查 消息 我的 苗质 1 == 01 相知道的教友 ○ 或在【办&查】功能中,点击【综合所得年度汇算】,选择 申报年度【2024】,进入年度汇算。 力| & 查 清选择您需要办理或查询的事项 办税 综合所得年度汇 ...

Core Viewpoint - The revised "Commercial Bank Market Risk Management Measures" focuses on managing risks arising from adverse changes in interest rates, exchange rates, stock prices, and commodity prices, excluding bank book interest rate risk [2][5][10]. Summary by Sections Definition of Market Risk - The revised measures clarify the definition of market risk, which is the risk of loss in a bank's on-balance-sheet and off-balance-sheet operations due to adverse changes in market prices [4][8]. Governance Structure - The measures emphasize the need for a robust governance structure for market risk management, defining the responsibilities of the board of directors, supervisory board, and senior management, and highlighting the importance of managing market risk at the group consolidation level [9][10]. Market Risk Management Requirements - The measures detail the requirements for comprehensive market risk management, including risk identification, measurement, monitoring, control, and reporting. Banks are required to develop formal written market risk management policies and procedures that align with their business nature, scale, complexity, and risk characteristics [9][10]. - Banks must also regularly update their market risk management policies and procedures based on their risk appetite, risk status, and changes in external market conditions [10].

6月20日，针对近期舆论关注的广汽埃安员工持股争议、供应商账期政策、自主品牌发展路径等热点问 题，广汽集团董事长、总经理冯兴亚出面逐一回应。 广汽与"爆雷"毫无关系 针对网络流传的"广汽埃安高管可提前全额退股"的说法，冯兴亚明确表示："不存在这种可能。" 冯兴亚详细解释，2022年广汽埃安启动混改并推行员工持股计划时，已对所有参与员工（包括管理层与 普通员工）明确约定5年锁定期，至2027年届满。锁定期内若员工离职，需按上一年埃安净资产值退还 本金，规则对全体员工一视同仁。 谈及埃安上市计划，冯兴亚坦言，受2024年新能源市场环境变化及资本市场IPO形势影响，当前并非最 佳上市时机。"我们的核心任务是做大埃安估值，未来资本运作形式可能包括上市、集团收购等；员工 退出渠道也将多元化，如分红、股权交易等。"他透露，广汽集团近期已与参与持股的员工深入沟通， 目前员工支付利息和本金无压力；确有困难者，公司将对其提供帮助。 针对"爆雷"等传闻，冯兴亚以数据回应："广汽集团2024年资产负债率仅47.6%，是中国汽车行业财务结 构最好的企业之一。可以肯定地说，无论是广汽集团，还是广汽埃安，都跟'爆雷'毫无关系。" 冯兴亚 ...

当地时间周五，受美联储理事沃勒鸽派发言影响，美股一度走高，随后有所回落，最终三大 指数中仅道指收涨。本周，道指涨0.02%，标普500指数跌0.15%，纳指涨0.21%。 对于降息问题，美联储官员之间尚存分歧。美联储理事沃勒表示，美联储或许最早在7月会议 上就可能降息。里士满联储主席托马斯·巴尔金则称，美联储当下没有急于降息的必要，因为 关税对通胀的风险仍未显现，且就业市场和消费者支出仍表现稳定。 当地时间周五，美联储发布向美国国会提交的半年度货币政策报告。报告表示，美国通胀率 略有上升，劳动力市场状况稳健，但暗示特朗普的关税影响可能才刚刚开始显现，并重申美 联储将等待更多明朗情况后再采取行动的观点。 中概股多数下跌，纳斯达克中国金龙指数跌0.92%。热门中概股方面，脑再生跌40%，联掌门户跌超 22%，涂鸦智能跌逾6%，小马智行跌超6%，富途控股跌逾6%。涨幅方面，大猩猩科技涨超34%，逸仙 电商涨逾3%，唯品会涨超1%。 美联储发布半年度货币政策报告 当地时间周五，美联储发布向美国国会提交的半年度货币政策报告。每年发布两次的货币政策报告通常 总结美联储观察者和市场参与者已经熟知的话题。报告表示，美国通胀率 ...

Core Viewpoint - Huawei's Pangu model has made significant advancements in various industries, demonstrating its capabilities in over 30 industries and 500 scenarios, with the latest Pangu model 5.5 set to enhance natural language processing and multimodal applications [1][4]. Group 1: Pangu Model Developments - The Pangu model has been successfully implemented in sectors such as government, finance, manufacturing, healthcare, coal mining, steel, railways, autonomous driving, and meteorology, showcasing its transformative impact [1]. - Huawei introduced the Pangu Ultra MoE model with a parameter scale of 718 billion, marking a significant leap in the training of ultra-large-scale models on the Ascend AI computing platform [1][2]. Group 2: Technical Innovations - The Pangu team has innovated in model architecture and training methods, achieving stable training of the ultra-large MoE model on the Ascend platform, utilizing over 18TB of data [2]. - Key innovations include the Depth-Scaled Sandwich-Norm (DSSN) architecture and TinyInit initialization method, which enhance stability and load balancing among experts [2][3]. Group 3: Performance Enhancements - The recent upgrades to the training system have improved the efficiency of the pre-training process, increasing the performance of the model from 30% to 41% in the multi-card cluster pre-training [3]. - The Pangu Pro MoE model, with 72 billion parameters and 16 billion active parameters, has demonstrated performance comparable to models with over 100 billion parameters, ranking first among domestic models under 100 billion parameters [3]. Group 4: HarmonyOS Developments - Huawei unveiled HarmonyOS 6, which aims to enhance user experience with lower latency and improved AI capabilities, marking a significant step in the evolution of the Harmony ecosystem [4]. - The Harmony ecosystem is entering a new phase of acceleration, with over 30,000 applications and services in development across nearly 20 industries, highlighting a significant demand for talent in this area [5].

Core Viewpoint - The article discusses the controversy surrounding Ctrip's "Price Adjustment Assistant" feature, which allows the platform to unilaterally change hotel room prices without merchant consent, leading to significant concerns among hotel operators about their pricing autonomy and market position [1][3][11]. Group 1: Price Adjustment Assistant Functionality - Ctrip's "Price Adjustment Assistant" is an automated pricing tool that monitors competitors' hotel prices and adjusts Ctrip's prices accordingly, often without merchant approval [1][3]. - Merchants report that Ctrip can change promotional activities and pricing without their consent, leading to a situation where they feel powerless to resist these changes [3][4]. - The tool is perceived as a form of "forced pricing," as it automatically lowers hotel prices to maintain a competitive edge, which can severely impact the profit margins of hotel operators [3][4][11]. Group 2: Market Position and Merchant Dilemma - Ctrip holds a dominant market share in the OTA sector, exceeding 50% in 2021 and projected to maintain over 56% in 2024, which contributes to the power imbalance between the platform and hotel operators [6][11]. - Many merchants feel trapped in a "cannot exit" situation due to their reliance on Ctrip for customer traffic, despite the adverse effects of the pricing adjustments [6][7]. - The withdrawal process from Ctrip's platform is described as cumbersome, with merchants facing repeated reactivations of the Price Adjustment Assistant even after attempting to opt-out [8][11]. Group 3: Industry Competition and Regulatory Concerns - The article highlights the increasing "involution" within the hotel industry, where major platforms like Ctrip, Meituan, and JD.com are aggressively competing, often at the expense of smaller merchants [10][11]. - Experts suggest that Ctrip's practices may constitute an abuse of market dominance, potentially violating antitrust laws, although the online travel sector has not yet been a primary focus of regulatory scrutiny [11][12]. - The need for merchants to gather evidence and advocate for their rights is emphasized as a way to prompt regulatory attention and action against unfair practices [11].