Group 1 - Typhoon "Zhu Jie Cao" made landfall in Shanghai, weakening to a tropical storm level with maximum wind speed of 9 levels (23 m/s) and minimum central pressure of 978 hPa [1] - Shanghai issued an orange rainstorm warning due to high disaster risk from heavy rainfall [2][3] - Over 28,000 people have been relocated and settled in response to the typhoon [4][6] Group 2 - All construction sites in Shanghai have been suspended, with over 1,100 key construction sites organizing personnel for evacuation [5] - Shanghai Metro has implemented speed restrictions on certain lines to ensure operational safety [7][8] - Several passenger trains between Fujian, Jiangxi, and Shanghai have been suspended due to the typhoon [12][13] Group 3 - All terminals at Shanghai Yangshan Deep-water Port have ceased operations as part of the typhoon response [16][17] - Multiple railway lines in the Yangtze River Delta region are temporarily suspended due to the typhoon [18][19] - The railway department will continue to monitor the typhoon's progress and adjust train operations accordingly [21]

Core Viewpoint - Shenzhen's economy showed steady growth in the first half of 2025, with a GDP of 18,322.26 billion yuan, reflecting a year-on-year increase of 5.1% [2]. Economic Performance - The primary industry added value was 10.33 billion yuan, growing by 2.8% - The secondary industry added value was 6,505.56 billion yuan, growing by 3.3% - The tertiary industry added value was 11,806.37 billion yuan, growing by 6.1% [2]. Industrial Growth - The industrial output value above designated size increased by 4.3% year-on-year, with mining growing by 0.5%, manufacturing by 4.2%, and utilities by 11.8% - Notable growth in general equipment manufacturing (17.1%), instrument manufacturing (8.8%), and electrical machinery (8.2%) [2][3]. High-tech Product Production - High-tech product output saw significant increases, with civilian drones up by 59.0%, industrial robots by 38.0%, and 3D printing equipment by 35.8% [3]. Service Sector Performance - The service sector's added value reached 11,806.37 billion yuan, with a year-on-year growth of 6.1% - Financial services grew by 10.9%, transportation and warehousing by 9.0%, and IT services by 8.1% [3]. Investment Trends - Fixed asset investment decreased by 10.9%, with real estate down by 15.1% - However, industrial technology renovation investment surged by 47.1%, and investments in IT services and transportation grew by 47.7% and 32.5%, respectively [4]. Consumer Market Dynamics - Retail sales of consumer goods totaled 4,948.68 billion yuan, with a year-on-year increase of 3.5% - Notable growth in household appliances (55.7%) and online retail (19.4%) [5]. Foreign Trade Overview - Total import and export value was 21,675.45 billion yuan, down by 1.1%, with exports at 13,086.81 billion yuan (down 7.0%) and imports at 8,588.64 billion yuan (up 9.5%) - High-tech product exports increased by 8.0% [5]. Financial Sector Stability - By the end of June, the balance of deposits in financial institutions was 141,600.14 billion yuan, up by 5.7% - The balance of loans was 98,469.91 billion yuan, reflecting a growth of 3.5% [5]. Consumer Price Trends - Consumer prices rose by 0.1% year-on-year, with food and tobacco prices up by 0.5% and clothing by 1.3% - Prices for transportation and communication fell by 2.4% [6]. Future Outlook - Shenzhen aims to maintain steady economic growth while addressing external uncertainties and domestic demand issues, focusing on high-quality development [6].

Core Viewpoint - The training program for digital new farmers in Guangdong aims to redefine the value of rural areas by equipping farmers with digital skills, enabling them to effectively market their products and enhance agricultural economics [1][2][9]. Group 1: Training Program Overview - The training program covered 21 cities and aimed to cultivate digital skills among rural residents, emphasizing the importance of visibility for good products rather than just the products themselves [1][5]. - The program targeted various groups, including village leaders, returning youth, and emerging influencers, focusing on practical skills such as mobile photography and live streaming [5][9]. - Feedback from participants indicated that the training was effective and practical, with many expressing that they learned valuable skills that could be immediately applied [5][6]. Group 2: Impact on Rural Economy - The integration of digital skills into rural economies is transforming traditional agricultural practices, with examples of increased sales through online platforms, such as a 20% increase in sales for Xu Wen pineapples [2][5]. - The training has led to the establishment of efficient supply chains, connecting producers directly with consumers, thus enhancing market reach and sales potential [5][10]. - Digital tools are being recognized as fundamental production factors, akin to seeds and fertilizers, reshaping the operational logic of rural economies [2][10]. Group 3: Future Prospects and Community Engagement - The program aims to create a network of digital new farmers who can support each other and drive local economic growth, moving beyond the concept of individual influencers to a more collective approach [9][12]. - Participants are encouraged to become active storytellers of their rural experiences, shifting the narrative from urban-centric views to a more authentic rural perspective [6][10]. - The initiative is part of a broader strategy to integrate digital skills into the rural workforce, with ongoing support from government and market forces to ensure sustainability and growth [9][12].

Core Viewpoint - The article emphasizes the increasing importance of urban renewal in China, driven by recent government policies and initiatives aimed at enhancing urban living conditions and stimulating economic growth through infrastructure improvements and real estate development [1][3][10]. Policy Developments - The Central Political Bureau meeting on July 30 highlighted the need to implement the spirit of the Central Urban Work Conference, focusing on high-quality urban renewal [1][4]. - The Ministry of Finance's article stressed the importance of supporting consumption to expand domestic demand and promoting a new model for real estate development through urban renewal actions [1][3]. - The Ministry of Housing and Urban-Rural Development has placed urban renewal in a more prominent position, emphasizing the integration of various civil engineering and safety projects [1][3]. Regional Initiatives - Various local governments, including Sichuan, Changsha, and Shanghai, have begun to take significant steps towards urban renewal [1][5]. - Sichuan Province established a city renewal group led by Huaxi Group, focusing on comprehensive urban renewal services [1][5]. - Changsha's city leadership emphasized the need for high-quality urban renewal to enhance urban living standards [5]. Economic Implications - Urban renewal is expected to improve urban aesthetics and livability while generating new industrial demands [5][6]. - The transformation of urban villages and the renovation of dilapidated housing are also prioritized, with potential investments reaching tens of trillions, even if spread over several years [6][10]. Institutional Changes - The establishment of "Housing and Urban Renewal Bureaus" in various cities indicates a shift towards a focus on urban renewal rather than just construction [8][9]. - The Wuhan government has integrated responsibilities for housing management and urban renewal into a single bureau, reflecting a broader trend towards institutional support for urban renewal initiatives [9]. Future Outlook - Analysts predict that more cities will establish urban renewal agencies and that state-owned enterprises will increasingly participate in urban renewal projects [9][10]. - Policy support is expected to accelerate, with a focus on sustainable urban renewal models and financial incentives to attract private investment [10].

Core Viewpoint - The report from the Bank Credit Asset Registration and Transfer Center indicates a record high in the batch transfer of non-performing loans (NPLs) in 2024, with a total transaction amount of 225.8 billion yuan, reflecting a growing trend in the personal consumption loan segment [2]. Group 1: Non-Performing Loan Transfer Business - The total transaction amount for batch personal loan transfer business reached 158.35 billion yuan in 2024, accounting for 70.1% of the overall market, significantly higher than the combined amounts of single corporate loan transfers and batch corporate asset transfers [4]. - A notable trend in the personal loan NPL transfer market is the increasing proportion of personal consumption loans, characterized by shorter aging projects, a higher number of written-off assets, and a rise in the number of non-litigation assets [4][5]. Group 2: Borrower Profile and Market Dynamics - The profile of non-performing borrowers shows a tendency towards small and dispersed credit limits, primarily under 300,000 yuan, with the majority aged between 40 and 45 years. The East and South China regions dominate, with East China accounting for over 30% of the total transferred amounts [5]. - The report highlights a significant negative correlation between transfer prices and overdue durations, indicating that longer overdue periods lead to lower transfer prices. For instance, assets overdue for less than one year had an average discount rate exceeding 11%, while those overdue for over five years had a discount rate as low as 2.5% [7]. Group 3: Investor Preferences and Market Structure - Investors in the personal consumption NPL market prefer to acquire larger asset packages with smaller average loan sizes, as this approach increases the likelihood of recovering principal through scaled collection efforts [8]. - The market structure for personal loan NPL transfers has diversified significantly in 2024, with a noticeable decrease in market concentration, indicating a shift towards a more competitive landscape [9].

Core Viewpoint - The article discusses the discontinuation of the Firefox browser's operations in China, highlighting the implications for users and the operational challenges faced by the local subsidiary, Beijing Mozhi Firefox Information Technology Co., Ltd. [1][2][4] Group 1: Discontinuation Announcement - Firefox's Chinese version will cease operations, with the official termination date set for September 29. The local website will stop providing downloads and account services, and user data linked to "Firefox Pass" will be permanently deleted [1][8]. - Users are concerned about the fate of their account data, including bookmarks and passwords, accumulated over years of usage [1][7]. Group 2: Company Background and Challenges - Beijing Mozhi, the local operator, has faced significant financial difficulties, with a total of 36 million yuan in court-enforced executions this year [2][6]. - The company has seen a drastic reduction in employee numbers, from 30 in 2016 to 16 in 2024, indicating operational decline [6]. Group 3: User Experience and Data Isolation - The Chinese version of Firefox has been criticized for its lack of integration with the international version, leading to data isolation and user frustration [7][10]. - Users have expressed anxiety over the technical nature of the data backup instructions provided by Firefox, leading many to consider switching to other browsers like Edge [7][13]. Group 4: Localized Operations and Market Position - The localized version of Firefox has struggled with operational issues, including legal challenges related to ad-blocking features, which have led to the removal of popular plugins [11][12]. - Firefox's global market share has plummeted from over 30% in 2008 to less than 3% in recent years, reflecting a broader trend of user attrition [14].

（声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品丨21财经客户端 南财快讯工作室 编辑丨黎雨桐 实习生郑莹莹 育儿补贴，真金白银为生育减负 公募FOF调仓动向曝光 "茅台八仙之一"，被公开除名 SFC 21君荐读 对此，绿地控股向以投资者身份采访的21财经·南财快讯记者表示，陈军目前仍在公司履职， 公司能够正常与其取得联系，但由于其个人家庭原因，向公司申请了事假。 公开资料显示，陈军为绿地控股资深高管，长期在绿地体系工作，曾先后历任西安（西北）房 地产事业部总经、绿地集团总裁助理、副总裁、执行副总裁，并于2015年起担任绿地控股执行 总裁，同时兼任绿地大基建集团总裁、绿地香港董事局主席等职务。 今年5月，绿地控股第十一届董事会决议公告显示，陈军继续被聘任为执行总裁，任期与董事 会一致。 二级市场方面，7月30日，绿地控股股价一度涨至7.39%，随后快速震荡回落。截至收盘，股 价由涨转跌，微跌0.49%，报2.02元/股。 记者丨 见习记者李益文 编辑丨叶映橙 7月30日，《辟谣财知道》注意到，近期市场有传言称，绿地控股（600606.SH）执行总裁陈 军自5月下旬后便处于失联状态。 ...

Core Viewpoint - Kering Group's financial performance in the first half of 2025 shows a significant decline, with a 46% drop in net profit to €474 million and a 16% decrease in sales to €7.6 billion, indicating ongoing struggles in the luxury goods market [2][3]. Financial Performance - Kering's net profit for the first half of 2025 is €474 million, down from €878 million in the same period of 2024 [2]. - Sales decreased by 16% to €7.6 billion in the first half of 2025 [2]. - The core brand Gucci experienced a 26% decline in sales, amounting to €3 billion, compared to over €4 billion a year earlier [3]. Brand Performance - Gucci's prolonged underperformance is a major concern, with its appeal diminishing across all regions [3]. - Other brands within Kering, such as Yves Saint Laurent and Balenciaga, also reported revenue declines of 11% and 15%, respectively [2]. - Bottega Veneta is an exception, showing a 1% revenue increase to €846 million, now accounting for 11% of the group's total revenue [2]. Market Conditions - The luxury goods market is experiencing a slowdown, attributed to weak consumer confidence and adverse currency fluctuations affecting tourism [3]. - The Asia-Pacific region (excluding Japan) and Japan have seen the most significant declines in sales [3]. - The strong euro has negatively impacted Kering's revenue growth by nearly 1% [3]. Strategic Changes - Kering has appointed Demna, formerly of Balenciaga, as the creative director for Gucci, hoping to revitalize the brand [3]. - Gucci's planned spring/summer fashion show has been postponed to March next year, with a new collection set to be unveiled in September [3]. Tariff Impact - A new agreement between the US and EU will impose a 15% tariff on European products exported to the US, where North America accounts for 24% of Kering's sales [4]. - Kering's CFO stated that the impact of tariffs is manageable and may lead to price adjustments in the fall [4].

Core Viewpoint - The article highlights the booming trend of "medical beauty + tourism" among young students in China, particularly after the college entrance examination, indicating a significant increase in demand for cosmetic procedures during the summer months [3][10][11]. Group 1: Market Trends - The summer period post-exams sees a surge in medical beauty procedures, with reports indicating a 10% to 30% increase in student patients at certain hospitals [5][8]. - Popular procedures among students include double eyelid surgery, rhinoplasty, and facial contouring, with a reported 30% increase in related business during the summer [7][10]. - The trend of students traveling to major cities or abroad for cosmetic procedures is growing, with a notable flow from second and third-tier cities to first-tier cities and international destinations like South Korea and Japan [8][10]. Group 2: Economic Impact - The report from Deloitte indicates that 31% of middle to high-income individuals plan to seek cosmetic procedures abroad in 2024, translating to over 9 million potential outbound medical beauty seekers based on current estimates [10]. - Chengdu is positioning itself as an "international medical beauty capital," with plans to achieve a revenue target of 100 billion yuan by 2025 [16]. Group 3: Consumer Behavior - Young consumers are increasingly calculating the cost-benefit ratio of beauty procedures, often opting for international options due to lower prices and perceived higher quality [9][14]. - Social media plays a significant role in promoting this trend, with platforms like Xiaohongshu and Douyin generating substantial discussions and views on beauty transformations and travel experiences [11]. Group 4: Service and Infrastructure - South Korea offers comprehensive services for medical tourists, including medical visas and bilingual support, enhancing the appeal for Chinese students seeking cosmetic procedures [15]. - Domestic cities are also exploring innovative models that combine tourism and medical beauty, with initiatives to develop unique beauty tourism routes [16]. Group 5: Risks and Challenges - Despite the growing trend, there are significant risks associated with low-cost procedures, including the potential for infections and financial pitfalls from "beauty loans" [18][19]. - Language barriers and lack of regulatory oversight for local guides can lead to miscommunication and unsafe practices in foreign medical settings [20].

国务院新闻办公室今天14时举行新闻发布会，介绍育儿补贴制度及生育支持措施有关情况。 财政部社会保障司司长郭阳表示，按照部署，中央财政将设立共同财政事权转移支付项目"育儿补贴补助资金"， 今年初步安排预算900亿元左 右。对于发放国家基础标准补贴所需资金，中央财政按照一定比例对地方予以补助，中央总体承担约90%。 各地将在8月下旬陆续开放育儿补贴申领 国家卫生健康委人口家庭司司长王海东介绍，目前，各地正在按照《育儿补贴制度实施方案》要求，抓紧推进各项准备工作。会同相关部门出 台育儿补贴制度管理规范、资金管理办法等文件。各地要结合本地实际制定具体实施方案。国家和各地已经完成了育儿补贴信息管理系统的建 设，正在进行全流程测试。各地组织配备工作力量，对基层工作人员开展业务培训。 按照工作计划，各地将在8月下旬陆续开放育儿补贴申 领，8月31日之前各地全面开放育儿补贴的申领。 如何申领： 育儿补贴主要通过全国统一的育儿补贴信息管理系统申领，大家可以足不出户地在线上申请。 同时，保留了线下办理渠道和人工服务，因特殊原因无法通过线上申领的群众，可到婴幼儿户籍地乡镇、街道办理。大家可根据自身实际情 况，自主选择办理渠道。 国 ...