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 [5][19]. Summary by Sections Introduction to the Growth Layer - The "Science and Technology Innovation Growth Layer" was officially established on July 13, 2025, by the Shanghai Stock Exchange to support the development of unprofitable technology enterprises with significant growth potential [5]. Access Guidelines - Investors who already have STAR Market trading permissions and a risk tolerance assessment of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations on July 13, 2025, after signing a risk disclosure statement [7][11]. - For those without STAR Market trading permissions, they must first meet the basic requirements and open trading permissions before signing the risk disclosure statement to participate in the Growth Layer [11]. Eligibility Requirements - Personal investors must have an average asset of no less than RMB 500,000 in their securities and funds accounts over the past 20 trading days, excluding funds and securities obtained through margin trading [12]. - Investors must have at least 24 months of trading experience and pass a knowledge test on STAR Market trading risks [12]. Trading Process - The trading process for the Growth Layer involves accessing the "Science and Technology Innovation Growth Layer" menu after opening permissions for the STAR Market [15]. - Stocks from the Growth Layer will have a "U" identifier to indicate their unprofitable status, with new registrations labeled as "成" and existing stocks labeled as "成1" [17]. Investment Characteristics - The Growth Layer focuses on unprofitable hard technology companies, characterized by high growth potential and volatility [19].

Core Viewpoint - The "Insurance + Futures" model is being implemented in Fuxian County to support rural revitalization, particularly focusing on the apple industry, with a project launch meeting attended by various stakeholders [2][4]. Group 1: Project Overview - The 2025 apple "Insurance + Futures" pilot project was officially launched, with detailed arrangements and responsibilities outlined for its implementation [3][4]. - The project aims to enhance farmers' income and contribute to rural revitalization by ensuring comprehensive insurance coverage for apple farmers [4][5]. Group 2: Financial Impact - Since 2019, Fuxian County has implemented the "Insurance + Futures" pilot project for six consecutive years, with total premiums nearing 794 million yuan, supported by the exchange with 379 million yuan, covering over 12,263 farmers and nearly 190,000 acres of apple orchards [5]. - The project has achieved significant results, with total compensation reaching 612 million yuan, demonstrating a strong return on investment for participating farmers [5]. Group 3: Implementation Strategy - The project leader, Shenyin Wanguo Futures, has adopted a phased approach to enhance insurance effectiveness, providing income protection during price declines and utilizing options to mitigate premium losses during price rebounds [6]. - The successful implementation of the project has improved farmers' ability to withstand market risks and stabilized their income, thereby promoting the sustainable development of the apple industry in Fuxian County [6].

Group 1 - No new stocks or bonds are listed today [1]

Group 1 - The article provides a detailed guide for opening a securities account through the "Shenwan Hongyuan Dajiang" app, emphasizing the importance of following the steps accurately to ensure a smooth process [7][8][59] - It outlines the necessary documents required for account opening, including a second-generation ID card and a bank debit card [8][11] - The article highlights the importance of identity verification and personal information completion as critical steps in the account opening process [25][26][49] Group 2 - The article explains the risk assessment process that investors must complete, which helps match their risk tolerance with suitable financial products [29][34] - It details the steps for setting up a trading password and binding a bank account for fund management, ensuring secure transactions [39][41] - The article concludes with a reminder for investors to complete a feedback survey after submitting their account application to facilitate account activation [53][56]

Core Viewpoint - The article emphasizes the importance of public awareness and education regarding anti-money laundering and anti-fraud measures, particularly in light of the newly revised Anti-Money Laundering Law in China [2][16]. Group 1: Event Overview - The event titled "Promoting the Anti-Money Laundering Law to Enhance Financial Security" was organized by the Anti-Money Laundering Professional Committee in collaboration with the Shenzhen Public Security Bureau [2]. - The event took place at the Bijia Mountain Sports Park and involved 15 financial institutions, including banks, securities, and insurance companies, creating a comprehensive financial publicity matrix [3][6]. Group 2: Public Engagement - Approximately 800 citizens participated in the event, with over 3,000 promotional brochures distributed [6]. - The event featured various interactive activities, including games and educational materials, aimed at making learning about anti-money laundering engaging and accessible [12][14]. Group 3: Educational Content - A key highlight was a lecture by a police officer from the Shenzhen Public Security Bureau, who discussed common scams and money laundering tactics, enhancing public understanding of these issues [8][10]. - The interactive garden event allowed citizens to engage in fun activities while learning about the new Anti-Money Laundering Law and related fraud prevention measures [12][14]. Group 4: Future Initiatives - The Anti-Money Laundering Professional Committee plans to continue organizing similar events to strengthen public awareness and support for anti-money laundering and anti-fraud efforts [16].

Core Viewpoint - Shenwan Hongyuan has launched its 2026 campus recruitment program, emphasizing its commitment to nurturing talent and defining a new future in the capital market [3][6]. Company Overview - Shenwan Hongyuan Group is a state-owned investment holding group listed in both A and H shares, with a core focus on securities business [6]. - Shenwan Hongyuan Securities, a wholly-owned subsidiary, is recognized as one of the leading large-scale securities companies in China, supported by strong shareholder advantages and extensive customer resources [6]. - The company operates across various sectors including investment banking, wealth management, institutional services, and investment management, with a comprehensive service system based on the capital market [6]. Recruitment Details - The recruitment is open to 2026 graduates from both domestic and international institutions, with specific eligibility criteria based on graduation dates [11]. - Positions available include roles in headquarters, subsidiaries, and branch offices, covering areas such as investment banking, asset management, and financial technology [8][9]. - The recruitment process includes online application, assessment, written tests, interviews, and internship experiences, with specific timelines outlined for each stage [14]. Talent Mechanism - The company promotes a dual-channel talent mechanism that fosters an open, equitable, competitive, and merit-based environment for recruitment [8]. - It seeks candidates with backgrounds in economics, finance, accounting, information technology, statistics, and related fields, with a preference for interdisciplinary backgrounds [13]. Company Achievements - Shenwan Hongyuan has been recognized as one of the top ten securities companies and has received numerous awards for its research capabilities and service excellence over the years [7].

Group 1 - No new stocks or bonds are listed today [1]

Group 1 - The core viewpoint is that the short-term market correction is primarily driven by profit-taking, following a significant rise in the A-share market since early April, with substantial gains and concentrated selling pressure during fluctuations [1] - The technical indicators for the Shanghai Composite Index have reached high levels after a prolonged increase, necessitating a technical pullback for indicator recovery, which contributes to the short-term volatility [1] - Recent overseas market turbulence, including fluctuations in European, American, and Asian markets, has indirectly influenced the A-share market, leading to a similar pattern of highs and subsequent pullbacks [1] Group 2 - The outlook suggests that while short-term fluctuations may continue, they do not alter the overall upward trend, supported by ongoing liquidity easing and a favorable low-interest-rate environment [2] - The technical analysis indicates that the current short-term fluctuations are part of a strong upward trend, characterized by a pattern of advancing and retreating prices without significant changes in the overall trend [2] - The short-term selling pressure is mainly from profit-taking rather than forced selling, indicating a healthy market cycle where average costs are gradually increasing, making the current fluctuations reasonable and necessary [2]

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 [5]. 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 significant step in supporting the development of technology enterprises that are not yet profitable but have strong growth potential [5]. - This layer is designed to enhance the inclusivity of the STAR Market for technology companies with promising futures [9]. Group 2: Access and Participation - Investors who already have STAR Market trading permissions and have a risk tolerance assessment result of C4 (active) or above can trade stocks or depositary receipts listed after the new regulations are published, provided they sign a risk disclosure statement [7]. - For investors who have not yet opened STAR Market trading permissions, they must first meet the basic requirements and then sign the risk disclosure statement to participate in the trading of stocks or depositary receipts in the Growth Layer [11]. Group 3: Requirements for Investors - Personal investors must meet several criteria to open trading permissions for the STAR Market, including maintaining an average asset of no less than 500,000 RMB in their securities and funds accounts over the past 20 trading days, having at least 24 months of trading experience, and passing a knowledge test on STAR Market trading risks [12]. - Investors must also demonstrate strong risk tolerance and risk control capabilities, with a minimum risk tolerance assessment result of C4 (active) [12]. Group 4: Identification of Growth Layer Stocks - Stocks of companies in the Growth Layer will have a "U" identifier to indicate their unprofitable status, with new registered stocks labeled as "成" and existing stocks labeled as "成1" to differentiate between new and existing listings [17].

Core Viewpoint - The article emphasizes the need for local governments to scientifically analyze the economic development environment and growth conditions during the "14th Five-Year Plan" period, focusing on new growth points in industries, expanding demand, and improving enterprise efficiency to solidify new economic momentum for the "15th Five-Year Plan" period [5][6][9]. Group 1: Economic Growth and Development Goals - The article highlights that China is entering a new phase of stable economic growth, necessitating a careful determination of growth targets by local governments [6][7]. - It notes that internal demand has become the core driving force for economic growth, with consumption's contribution to GDP increasing from 50% at the end of the "11th Five-Year Plan" to 57% at the end of the "14th Five-Year Plan" [7]. - The article stresses the importance of setting realistic growth targets that are neither overly ambitious nor pessimistic, based on local resources and industrial foundations [8][9]. Group 2: Industry Development and Innovation - The article suggests that economic growth fundamentally relies on the cultivation and release of new industrial growth points, urging local governments to respect industrial evolution and identify promising sectors [11][12]. - It points out the significant shift in China's industrial structure, with the service sector's contribution to GDP rising to 56.7% by the end of 2024, while the industrial sector's contribution is declining [11][12]. - The article recommends focusing on enhancing the service sector's role in economic growth, particularly in lower-tier cities where its importance is often overlooked [12][14]. Group 3: Consumption and Demand Expansion - The article emphasizes the critical role of consumer purchasing power and market demand in driving economic growth, advocating for a focus on consumption-driven opportunities [15][16]. - It distinguishes between goods consumption and service consumption, noting that service consumption has a more direct local economic impact [16]. - The article highlights the need to adapt to changing consumer trends, particularly among younger and older demographics, to stimulate new consumption growth [18][19]. Group 4: Enterprise Development and Innovation - The article underscores the importance of enterprise vitality and development levels in determining local economic quality and efficiency, advocating for systematic policies to enhance enterprise efficiency and innovation [19][20]. - It calls for a dual focus on technological and model innovation to improve enterprise competitiveness, especially in the context of digital transformation [20][22]. - The article stresses the need for tailored strategies to enhance innovation capabilities across different regions, considering their unique industrial bases and development stages [23][24].