芯片股涨势扩大，阿石创、好上好封涨停，此前富满微、东芯股份、盈方微、大为股份、斯达半导涨停，新恒汇、国科微、芯导科技、台基股 份均涨超10%。 8月7日午后，A股三大指数涨跌不一。截至14：20，沪指站稳3600点，涨0.12%，深成指微跌0.23%，创业板指跌0.69%。盘面上，个股跌多涨 少，沪深京三市超3000股飘绿，成交额超1.6万亿元。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 3638.20 | 11151.81 | 1458.13 | | +4.20 +0.12% | -25.97 -0.23% | -1.38 -0.09% | | 科创50 | 创业板指 | 万得全A | | 1061.44 | 2342.65 | 5676.59 | | +1.68 +0.16% | -16.30 -0.69% | -3.46 -0.06% | | 沪深300 | 中证500 | 中证A500 | | 4114.21 | 6334.00 | 4862.40 | | +0.73 +0.02% | -23.38 -0.37 ...

Core Viewpoint - The article discusses the implementation of a national childcare subsidy policy, highlighting the expected financial support from both central and local governments, and the anticipated impact on families and local economies [1][6][12]. Group 1: National Policy Overview - The national childcare subsidy is set at 3,600 yuan per child per year, with an initial budget of approximately 90 billion yuan allocated for this program [1][6]. - The central government will cover about 90% of the funding required for the subsidies, while local governments will contribute the remaining amount [1][6]. - The policy aims to create a multi-layered subsidy structure, combining national and local efforts to support families [1][8]. Group 2: Local Implementation - Local governments are in the process of developing their own policies to align with the national standards, with some cities already indicating that their policies are still under formulation [6][7]. - Cities that previously lacked childcare subsidy policies will primarily adopt the national standard, while those with existing policies will need to ensure their programs are compatible with the new national guidelines [7][8]. - The article notes that as of now, 23 provinces have explored or implemented some form of childcare subsidy policy [8]. Group 3: Parental Perspectives - Parents express a desire for the subsidies to be accessible and timely, with many indicating that even a modest monthly subsidy can help alleviate some childcare costs [10][11]. - The article highlights that while the subsidy is beneficial, many parents prioritize other factors such as educational resources and job security when considering family planning [10][11]. - The national policy is expected to ease the financial burden on families, particularly in underdeveloped regions, but it is not seen as a comprehensive solution to increasing birth rates [12][13]. Group 4: Broader Support Policies - The article mentions additional supportive measures, such as tax deductions for childcare expenses and increased coverage for maternity medical expenses, which aim to reduce the overall cost of raising children [12][13]. - It emphasizes the need for a holistic approach to family support, integrating childcare subsidies with other social policies related to education, housing, and healthcare [12][13].

Core Viewpoint - The article discusses the negative impact of online misinformation on Li Auto and its customers, highlighting the company's response to protect its brand and users [1][4][9]. Group 1: Company Response - Li Auto's legal department reported that many car owners have expressed concerns about their vehicles being targeted, leading to widespread negative sentiment online [1]. - The company identified a significant amount of misleading negative information being disseminated across multiple platforms, with 45 similar posts appearing on one platform within a single morning [4]. - Li Auto stated that this situation severely damages the image of its users and disrupts their daily lives, prompting the company to take legal action against those responsible for the misinformation [6]. Group 2: Market Impact - Following the negative publicity, Li Auto's stock price fell by approximately 1.3% in Hong Kong, with a 5.43% decline in its U.S. stock price the previous night [9]. - The company's product head shared evidence of organized online attacks against Li Auto, indicating a coordinated effort to undermine the brand [8].

Core Viewpoint - The article discusses the recent turmoil in the bond market, highlighting the significant redemption wave faced by bond funds due to market volatility and the "see-saw" effect between the stock and bond markets. It notes that while bond funds experienced substantial redemptions, the situation has begun to stabilize following timely interventions by the central bank [1][5][7]. Redemption Wave - In late July, over 70% of bond funds faced net value declines, with 2821 out of 3872 bond funds reporting negative returns, representing 73% of the total [5][6]. - The 10-year government bond yield rose from a low of 1.64% in early July to a peak of 1.75% by the end of July, contributing to the volatility in bond fund net values [5][6]. - A total of 47 bond funds announced large redemptions in July, with significant net value adjustments made [5][6]. Market Dynamics - The "see-saw" effect between the stock and bond markets has been a key factor in the recent bond market adjustments, with rising stock market valuations attracting funds away from bonds [10][14]. - Institutional investors, particularly bank wealth management products, have been significant players in the bond fund redemption wave, driven by defensive strategies amid market uncertainties [7][8]. Central Bank Intervention - The central bank's timely actions, including a net injection of 601.8 billion yuan into the market, helped stabilize the bond market and mitigate the negative feedback loop caused by redemptions [7][13]. - Following the central bank's interventions, the pressure on bond fund redemptions has eased, with some institutions beginning to re-invest in bond funds [13][14]. Future Outlook - Analysts suggest that while the stock market remains attractive, the bond market is expected to stabilize within a range, with the 10-year government bond yield projected to fluctuate between 1.6% and 1.8% [14][15]. - The introduction of a new tax policy on bond interest income is anticipated to benefit public fund raising, potentially leading to increased investment in bond funds by banks [14][16]. - The overall sentiment in the bond market is expected to remain cautious, with strategies leaning towards "solid income+" products as a response to the current "asset shortage" in the bond market [16].

Market Overview - On August 7, A-shares showed mixed performance with over 2900 stocks declining, while the three major indices fluctuated [1] - The Shanghai Composite Index closed at 3638.40, up 4.40 points (+0.12%), while the Shenzhen Component Index fell 14.42 points (-0.13%) to 11163.36 [2] - The total trading volume reached 1.21 trillion yuan, with a predicted increase to 1.96 trillion yuan, up by 199.9 billion yuan [2] Chip Sector Performance - The chip sector experienced a significant rise, with stocks like Fuman Microelectronics hitting the daily limit [2] Xiaomi Group Update - Xiaomi Group's stock fell over 5%, reaching a two-month low, due to a report predicting a 25% year-on-year decline in smartphone shipments in India by Q2 2025 [4][5] Apple Stock Impact - Apple's stock surged by 5.09% on August 6, increasing its market value by approximately 153.3 billion USD (about 110.11 billion yuan) [6] - Following this, A-shares related to Apple's supply chain saw a general increase, with the Tonghuashun Apple concept index rising by 1.57% [7] Apple Supply Chain Stocks - Notable increases in Apple supply chain stocks included: - Chuangyuan Xinke: +4.35% - Industrial Fulian: +4.11% - Lens Technology: +3.96% - Luxshare Precision: +3.65% [8] - Hong Kong-listed Apple concept stocks also performed well, with companies like GoerTek rising over 8% and Hon Teng Precision increasing over 7% [9] Consumer Electronics Market Outlook - Analysts from Huaxi Securities predict a gradual recovery in the consumer electronics market driven by a new replacement cycle and the application of artificial intelligence technology, which is expected to boost demand for lithium batteries [9]

据央视新闻报道，今天（8月7日）上午10时，国务院新闻办公室举行国务院政策例行吹风会， 财政部副部长郭婷婷和教育部有关负责人介绍逐步推行免费学前教育政策有关情况，并答记者 问。 财政部副部长郭婷婷介绍， 国家统一实施的免保育教育费政策覆盖所有幼儿园大班儿童，预 计今年秋季学期将惠及约1200万人。 仅今年秋季一个学期，全国财政将增加支出约200亿元， 相应减少家庭支出200亿元。 郭婷婷介绍，国办《意见》明确，按照地方有关部门制定的公办园保育教育费收费标准执行， 也就是说： 比如，某个民办园经批准的保育教育费收费标准是每人每月800元，所在地同类型公办园的保 育教育费收费标准为500元；政策实施后，公办园大班儿童就不用再交保育教育费了，民办园 大班儿童只需交差额部分，也就是300元。 免费学前教育政策既是教育公平的"托底工程"，也是人口战略与经济发展的"助推器"，科学实 施将助力破解教育不平等、优化人口结构，实现长期社会效益最大化。近日国务院办公厅发布 《关于逐步推行免费学前教育的意见》（国办发〔2025〕27号），标志着我国在构建高质量教 对公办园儿童原来收多少，现在就免多少； 对在教育部门批准设立的民办园 ...

通过"超高实用率"来提高楼盘竞争力的手段或将迎来变化。 近日， 全国多地陆续出台文件针对"偷面积"现象提出整治措施。 这些措施主要包括规范飘窗 设计（仅允许厨卫采用内凹式飘窗，杜绝客厅、卧室通过"假飘窗"违规增加面积）、将所有结 构柱纳入面积核算、对40米以上楼层花池进行功能限定（禁止改造为实用空间）、标准化建筑 内部天井尺寸（规避增加户型数量而压缩天井尺寸）等。 以成都为例，根据成都下发的相关通知，其中要求"板率"增加值不得超过1.5%，这意味着开发 商违规改造设备平台导致板率超标将无法通过验收。此外，通知还要求层高误差值限制在0.15 米以内，防止开发商通过加高夹层、隔板等方式变相扩容。 整治违规"偷面积"现象，旨在将起跑线拉平，引导房企良性竞争。 集中面市 去年以来，多座城市出现了一批高实用率的新楼盘，引领了市场的风向。 2024年6月，成都市规划和自然资源局发布的《成都市规划管理技术规定（2024）》中指 出，"每套住宅飘窗、阳台以及非公共活动空间（包含但不限于各类形式的入户花园、空中花 记者丨吴抒 编辑丨张伟贤 园、露台、退台、设备平台、空调板、构造板、抗震板等）的水平投影面积不大于该套住宅套 型建 ...

作为南方一所民办本科高校的招生办工作人员，刘阳（化名）感受到招生出现困难：2025年本 科批次招生近日结束，他所在的高校招生尚缺额2000多人。 "民办本科高校在正常批次完不成招生计划很正常，但往年，通过降分征集志愿一般都能完成 计划。实在有个别缺额，也可以增加其他省份的计划来完成总计划。" 刘阳说，"但今年，经 过了三次征集志愿，还是有缺额。" 这并非是个案。21世纪经济报道记者发现 ，北方有省份出现征集了四轮志愿，最后一次征集 尚有约3000个本科计划等待投档。 民办本科正面临冰火两重天：一边分超985，一边多次降分依然招不满生源，有学校招生办工 作人都大呼"出乎意料"。 "我们不是'独苗'，今年没有完成计划的民办本科高校还有好几所，缺额从30多个到600多个不 等。"刘阳告诉21世纪经济报道记者。 一些民办本科高校招生难，但也有西湖大学、福耀科技大学、宁波东方理工大学等民办新型研 究型大学，今年备受高分考生欢迎。这意味着民办大学正在进行一轮"洗牌"，未来没有办学实 力和特色的高校或将被淘汰，民办本科高校办学和招生都需要突围。 记者丨 王峰 编辑丨陈洁 尤其是今年，对一些民办高校来说，招生的难度一下子提高 ...

Core Viewpoint - The article discusses the burgeoning "weight loss economy" in China, highlighting the significant market potential and emerging consumer trends driven by rising obesity rates and government initiatives aimed at weight management [4][8]. Group 1: Market Potential - Over 50% of Chinese adults are overweight or obese, with predictions indicating that by 2030, adult and child obesity rates could reach 70.5% and 31.8% respectively [5][8]. - The weight management market in China is projected to reach 326 billion yuan in 2023, indicating a substantial growth opportunity [9]. Group 2: Emerging Consumer Trends - The demand for healthy meal replacements and low-calorie foods is increasing, with the share of healthy meal orders in the food delivery market expected to rise from 12% in 2020 to 25% by 2025 [11]. - The fitness industry is also experiencing growth, with a 31.6% increase in searches for gym memberships and a 96.9% increase for 24-hour self-service gym passes since June [11]. - The weight loss drug market is anticipated to grow to 8.7 billion yuan by 2025 and 14.9 billion yuan by 2030, with GLP-1 drugs gaining significant attention [12]. Group 3: Opportunities and Challenges - Despite the growth, the industry faces challenges such as lack of verification and excessive marketing claims, with over 20,000 complaints related to weight loss products reported [19][21]. - There is a shift in consumer preferences towards medically guided, nutritionally balanced, and sustainable weight loss solutions, indicating a potential for more regulated and effective offerings in the future [21].

记者丨易妍君 编辑丨包芳鸣 今年以来，A股定增市场异常火爆，公募基金参与热情高涨。 公募排排网的统计数据显示，截至8月5日，今年以来，有24家公募机构参与了A股定增（以定 增上市日为准，下同），合计获配金额达141.98亿元， 当前浮盈金额46.50亿元，浮盈比例接 近33%。 其中，东海基金、朱雀基金、平安基金、鹏华基金等5家公募机构的定增浮盈比例超过50%。 受访人士向21世纪经济报道记者指出，今年以来，公募机构参与定增过程中，较为青睐电子、 有色金属、医药生物等行业，这些板块正迎来阶段性复苏机遇，叠加供需结构持续优化及政策 层面的定向支持，相关定增项目具有较好的投资前景，因此吸引了公募基金布局。 公募"豪掷" 1 4 2亿元参与定增 据中航证券统计，截至8月1日，今年以来A股已有78家上市公司定增落地，增发股份数量合计 为882.27亿股，实际募资总额为6642.74亿元，同比大增668.74%。 其中，今年内，公募机构共参与了芯原股份、广信材料、清溢光电、佰维存储和容大感光5只 电子行业个股定增，合计获配金额达21.76亿元。 晨星（中国）基金研究中心高级分析师代景霞向21世纪经济报道记者指出，今年以 ...