Group 1 - No new stocks are listed today [1] Group 2 - The bond "Jinwei Convertible Bond" (072626) has a conversion price of 19.59 yuan [2] - The bond is rated AA [2]

Core Viewpoint - The article introduces the "Combination Equity Package" as a tailored investment advisory service designed to assist investors in navigating the complexities of the market and enhancing their wealth management strategies [1][2]. Summary by Sections What is the "Combination Equity Package"? - The "Combination Equity Package" is a comprehensive service provided by a team of experienced advisors at Shenwan Hongyuan Securities, offering a range of support including stock selection, timing guidance, and educational resources [2]. Quality Over Time - The performance of various service products within the advisory community has been tracked over several years, showcasing metrics such as total return, relative return, and maximum drawdown to demonstrate the effectiveness of the services [3]. Six Major Service Rights - The package includes stock selection and timing guidance, analyzing multiple dimensions such as fundamentals, technicals, and capital flows to provide valuable insights for both novice and experienced investors [4]. Expert Stock Diagnosis - The service offers expert stock diagnosis, allowing clients to receive detailed analyses of specific stocks, enhancing their understanding of the underlying investment logic [5]. Exclusive Video Content - Advisors create simplified video content to help clients grasp market dynamics and investment strategies, facilitating continuous learning throughout their investment journey [6]. Trading Insights - The service keeps a close watch on market trends and provides timely insights into market fluctuations, helping clients make informed decisions during both significant market movements and minor fluctuations [7]. Educational Courses - The package includes specialized courses covering various aspects of investing, from foundational theories to practical techniques, enabling clients to understand the methodologies behind the advisory services [8]. Monthly Reports and Reviews - Monthly reports are provided to summarize the performance of the "Combination Equity Package," allowing clients to reflect on their investment strategies and make necessary adjustments [9]. Comprehensive Support - The "Combination Equity Package" aims to offer a holistic support system for investors, regardless of their experience level, ensuring that all necessary resources are available for effective investment management [10].

Core Viewpoint - The article discusses the launch of the "Science and Technology Innovation Growth Layer" on the STAR Market, aimed at supporting unprofitable but promising technology companies, with specific guidelines for investors to participate in trading these stocks [5][19]. Group 1: Introduction to the Growth Layer - The "Science and Technology Innovation Growth Layer" was officially established on July 13, 2025, by the Shanghai Stock Exchange, marking a new phase for unprofitable technology enterprises [5]. - This layer is designed to enhance inclusivity for technology companies with significant growth potential that are not yet profitable [9][17]. Group 2: Participation Guidelines - Investors who already have STAR Market trading permissions and meet a risk tolerance assessment of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations [7][11]. - For investors without STAR Market trading permissions, they must first meet the basic requirements and open trading permissions before signing the risk disclosure document for the Growth Layer [11][12]. - The requirements for individual investors to open STAR Market trading permissions include maintaining an average asset of at least 500,000 RMB over the past 20 trading days and having at least 24 months of trading experience [12]. Group 3: Trading Process - The trading process for the Growth Layer can be initiated through specific apps, such as the "Shen Cai You Dao" app, where users can navigate to the relevant sections to open permissions and manage their accounts [9][14]. - New stocks listed under the Growth Layer will have a "U" identifier to indicate their unprofitable status, while existing stocks will be labeled accordingly to differentiate between new and existing listings [17].

Core Viewpoint - The article emphasizes the convenience and efficiency of the financing and securities lending pre-account opening process offered by Shenwan Hongyuan, highlighting the ability to complete the process via mobile app, thus reducing waiting times and enhancing user experience [1][2]. Group 1: Account Opening Process - Step 1 involves logging into the Dawangye APP and navigating to the financing and securities lending pre-account opening section to initiate the application [2][4]. - Step 2 requires users to confirm personal information and complete a knowledge assessment [5][6]. - Step 3 includes the declaration of information and credit assessment, ensuring all necessary details are submitted [9]. Group 2: User Experience Enhancement - The article outlines that the mobile app allows users to complete qualification reviews, knowledge assessments, and credit information entry, significantly shortening the time required for in-person processing [2][4]. - The entire process is designed to be completed in four simple steps, making it user-friendly and efficient [12].

Core Viewpoint - The Beijing Stock Exchange (BSE) is transitioning to a new stock code system to enhance stock identification, with a new code segment starting with 920 being implemented as per the China Securities Regulatory Commission's directive [3][4]. Group 1: Code Change Rules - The stock codes will change such that the first three digits will uniformly become 920, while the last three digits will remain unchanged [4]. - In cases where the new stock codes result in duplicates, the fourth digit will be adjusted sequentially based on the listing time to ensure each company's code is unique [4]. Group 2: Code Change Process - The BSE has published a comparison table of old and new stock codes for existing listed companies, which can be accessed on the BSE official website [5]. - As of May 2025, the BSE will initiate the new stock code for a pilot group of 6 stocks, while the remaining 242 stocks will continue using their existing codes until a stable transition is confirmed [6].

Core Viewpoint - The article emphasizes the importance of recognizing and avoiding online scams, particularly those targeting fans of celebrities and influencers, by educating individuals on common tactics used by fraudsters [12][13]. Group 1: Scam Awareness - The article outlines a three-step process commonly used by scammers: baiting with false celebrity privacy, using malicious apps to steal money, and tricking individuals into providing passwords and verification codes [12]. - It warns that all "free benefits" may be traps, and curiosity can lead to financial loss [12]. Group 2: Safety Guidelines - It advises users to only trust official benefits from verified accounts and to be cautious of private requests for money or information, which are likely scams [13]. - The article recommends a "three no" principle for mobile phone use: do not click on unknown links, do not download strange apps, and do not perform payment operations for adults [14]. Group 3: Parental Guidance - It stresses the importance of consulting parents when money is involved, regardless of the pressure or temptation from others [15]. - The article suggests educating children about common scam patterns and establishing open communication to encourage them to seek help when encountering suspicious situations [16].

Group 1 - The market is currently influenced by expectations of liquidity easing, with high anticipation for the Federal Reserve to lower interest rates in September, leading to a strong performance in global stock markets [1] - Domestic stock markets are experiencing an upward trend due to structural interest rate reductions, such as subsidies for personal consumption loans, and policies aimed at boosting domestic demand, including "anti-involution" measures and birth subsidies [1] - The Shanghai Composite Index has reached new highs, surpassing the 2021 peak, while the Shenzhen Component Index is in a recovery phase, indicating a strong market sentiment and increased investor confidence [2] Group 2 - The trading volume in the market has exceeded 2.7 trillion yuan, showing an increase compared to the previous week, with a significant number of stocks rising, particularly in the TMT sector [1] - The Shanghai Composite Index has broken through the upper boundary of a weekly trading range, which has now turned from a resistance level to a support level, indicating a bullish trend [2] - There is a need to monitor for signs of volume stagnation as trading volume approaches 3 trillion yuan, which could indicate potential market corrections [2]

市场回顾 7月下半月市场继续走强,政治局会议强调"宏观政 策持续发力",新质生产力催化市场风险偏好,但7月制 造业PMI回落至49.3%,经济复苏动能偏弱。行业分化显 著,AI算力及医药生物领涨,钢铁、煤炭等顺周期板块受 大宗商品价格拖累回调。资金面呈现"宽基ETF净流出、 港股及科技主题ETF吸金"特征。建议投资者采取"核心+ 卫星"策略,攻守兼备。进攻端关注AI算力和半导体板 日元源-TF 防守端关注高股息+低波动资产。 块. ... | 湖南分公司 | 副总经理 王雷 证券投资顾问登记编号:S1180614060014 ● 湖南省湖湘青年英才，中南 · 硕士，14年证券从业经验， 中南大学 超10 年投顾咨询经验 · 2024年第七届新财富最佳投资顾 问评选ETF组全国榜第194名 奖公示 双周达人 2025.7.30-2025.8.12 学校 .. 冠军 对方案 2 2 前瞻盈溢兽 我是一只鱼 4764267 +10.86% +9.23% +8.53% 京东E卡 京东E卡 京东E卡 ¥1000 ×1000 x1000 1000元京东E卡 1000元京东E卡 1000元京东E卡 te 2017 京东E卡 ...

Group 1 - The core viewpoint of the article highlights the issuance price of the stock Balanshi at 15.78 yuan, with an industry price-to-earnings ratio of 10.35 and a market price-to-earnings ratio of 32.75 [1] - The maximum subscription limit for the stock is set at 902,500 shares [1]

Core Viewpoint - The article discusses the newly released "Guidelines for Self-Regulatory Supervision of Listed Companies on the Science and Technology Innovation Board No. 5 - Growth Layer" by the Shanghai Stock Exchange, focusing on the support for technology companies that are in the growth phase and currently unprofitable [3]. Summary by Sections Definition of Growth Layer Companies - The Growth Layer is designed to support technology companies that have significant technological breakthroughs, broad commercial prospects, and substantial ongoing R&D investments, but are still in an unprofitable stage at the time of listing [5]. Applicability of Growth Layer Companies - The Growth Layer applies to both existing unprofitable companies on the Science and Technology Innovation Board (referred to as "existing companies") and newly registered companies that are unprofitable at the time of listing (referred to as "incremental companies"). Existing companies will be included in the Growth Layer from the date of the guideline's release, while incremental companies will be included from the date of listing [6]. Conditions for Removal from the Growth Layer - The conditions for removal from the Growth Layer are defined as follows: 1. If a company has positive net profits for the last two years and a cumulative net profit of no less than 50 million yuan. 2. If a company has positive net profit for the last year and an operating income of no less than 100 million yuan. - For existing companies, the removal condition remains that they must achieve profitability for the first time after listing [8]. Investor Awareness of Removal - Investors can be informed about a company's removal from the Growth Layer through the annual report, where the company will disclose the conditions met for removal. The Shanghai Stock Exchange will also promptly announce the removal [9]. Special Marking for Growth Layer Stocks - Stocks or depositary receipts from the Growth Layer will have a special marking ("U") added to their names to indicate their status. Companies that fail to disclose annual reports or receive adverse audit opinions will not have their status adjusted [10]. Trading Considerations for Investors - Investors participating in trading of newly registered Growth Layer stocks must sign a special risk disclosure document. Existing stocks or depositary receipts are not subject to this requirement [12]. Information Disclosure Requirements - Companies in the Growth Layer are subject to stricter information disclosure requirements, including detailed explanations of their unprofitability and its impact in their annual reports. The lead underwriters are responsible for ongoing supervision and must report on any risks or negative events affecting the company's technological innovation and growth prospects [15][16].