记者丨 孙永乐 编辑丨巫燕玲 东方财富实控人家族询价转让定价结果出炉！ 10月9日晚，东方财富公告称，根据2025年10月9日询价申购情况，东方财富股东陆丽丽、沈友根询价转让（以下简称"本次询价转让"）初步确 定的转让价格为24.40元/股。 此前9月30日晚，东方财富曾披露，股东陆丽丽、沈友根计划通过询价转让方式转让股份2.378亿股。 以此计算，陆丽丽、沈友根此次将套现约 58亿元。 此次并非东方财富实控人家族的首次转让股份，沈友根于今年7月已进行过一次询价转让，所获资金用途同样为投资科技创业类企业，吸引了 包括阿布达比投资局、摩根士丹利、摩根大通、瑞银等27家境内外机构投资者参与。 值得关注的是，若本次询价转让顺利完成，沈友根将从东方财富清仓离场，通过两次询价转让叠加此前的减持，其预计套现合计超70亿元；陆 丽丽此次也转让了所持股份的56.42%， 套现金额达50.5亿元， 其实家族此次整体转让股份的力度不容小觑。 沈友根将清仓离场 7月刚套现3 4亿元 9月30日晚，东方财富发布《股东询价转让计划书》。股东陆丽丽、沈友根计划通过询价转让方式转让股份2.378亿股，占公司总股本的比例为 1.50%。转让 ...

Core Viewpoint - The article discusses the recent adjustments made by several banks, including Citic Bank, to the risk ratings of their sold asset management products, reflecting the increased volatility in the stock market and the need for better investor suitability management [1][4]. Group 1: Risk Rating Adjustments - Citic Bank announced it will adjust the risk ratings of 17 asset management products starting from October 15, 2025, with 15 products seeing an increase in risk rating and 2 products, specifically a mixed FOF fund managed by E Fund, being downgraded from PR3 to PR2 [1][3]. - Other banks, including Agricultural Bank of China, China Construction Bank, and Minsheng Bank, have also adjusted their fund risk ratings this year, primarily increasing them due to the significant rise in stock market indices [1][4]. Group 2: Regulatory Compliance and Investor Protection - The adjustments are in line with regulatory requirements aimed at enhancing investor suitability management and protecting investor rights, as stated by Citic Bank [2][5]. - The adjustments do not change the investment characteristics of the products purchased prior to the rating changes, ensuring that existing investors are not adversely affected [3][5]. Group 3: Market Context and Implications - The article highlights that the banking sector is facing increased regulatory scrutiny regarding the sale of asset management products, with a focus on ensuring that the risk levels of these products align with the risk tolerance of investors [5][6]. - The Financial Regulatory Authority has emphasized the importance of the suitability principle, which mandates that banks must ensure that high-risk products are not recommended to investors who cannot bear such risks [5][6].

上市以来累计销量超1 5 0万的宋p l u s 记者丨 谭婷 李益文 编辑丨江佩佩 10月11日，针对"宋PLUS即将停产"的市场传闻，比亚迪相关人士向21财经·南财快讯记者回 应："海狮06就是宋PLUS的换代车型，（停产宋PLUS）属于正常产品切换。"这意味着，曾经 创下157万辆销售纪录的"国民SUV"将在国内逐步淡出，比亚迪海洋网"海洋生物+数字"命名体 系或将完成最后一块拼图。 事实上，宋PLUS的归属一直是比亚迪的历史遗留问题，宋PLUS虽然带着王朝系列的"宋"字命 名，却被放在海洋网销售。 公开资料显示，比亚迪品牌设有王朝网和海洋网两大品牌系列。王朝系列车型始于2012年，此 后相继推出了秦、唐、宋、元、汉系列；海洋网系列始于2021年底，相继推出海鸥、海豚等系 列车型。 SFC 出品 | 2 1财经客户端 南财快讯工作室 编辑 |江佩佩 见习编辑张嘉钰 君荐读 宗馥莉辞职原因曝光，将独立经营"娃小宗"！名下仍关联超200家企业 连续三年财务造假，*ST元成将被强制退市，实控人被罚2800万 西安8天假期吸金近200亿元 21君荐读 2021年，为填补海洋网成立初期的产品阵容，宋PLUS DM ...

10月10日晚间，包钢股份、北方稀土发布公告，上调2025年第四季度稀土精矿关联交易价 格。 公告均称，拟将2025年第四季度稀土精矿关联交易价格调整为不含税26205元/吨（干量， REO=50%）。REO每增减1%，不含税价格增减524.10元/吨。 记者丨 董鹏 编辑丨巫燕玲 江佩佩 见习编辑张嘉钰 上海有色数据显示，26205元/吨与2025年第三季度的稀土精矿交易价格19109元/吨相比，上涨 了7096元/吨，环比涨幅为37.13%。 据悉，稀土精矿交易价格已连续5次上调。此前5个季度稀土精矿交易价格分别为16741元/吨、 17782元/吨、18618元/吨、18825元/吨、19109元/吨，环比增幅分别为6.2%、4.7%、1.1%、 1.5%。 | 时间 | 拟调整价格(元/吨) | | --- | --- | | 2025年第三季度 | 19109 | | 2025年第二季度 | 18825 | | 2025年第一季度 V | 18618 | | 2024年第四季度 | 17782 | | 2024年第三季度 | 16741 | | 2024年第二季度 | 16792 | | 2024年 ...

记者丨 易佳颖 编辑丨陶力 "地方美食的魅力，在于离开那个地方，你就吃不到了。" 在国庆中秋假期，常常能见游客拖着行李箱出现在餐厅，赶着行程的同时，却又耐心地等一顿 美食。 资料图 据高德扫街榜数据显示， 全国《长假美食吸引力城市排行榜》的前20名依次是：成都、重 庆、广州、西安、长沙、武汉、佛山、天津、北京、东莞、杭州、上海、深圳、郑州、青岛、 苏州、南京、沈阳、合肥、哈尔滨。 "假期外地游客数量明显增多，且较去年同期也有所提升。整体上，外地游客的消费热情也高 于本地顾客。"日前，餐饮企业人和馆品牌总监蓝鸟在接受21世纪经济报道记者采访时感叹 道，"我很能理解有些排队等餐3-4个小时的外地游客，非要吃完才走，吃完直接去机场。假期 期间，我们餐厅最低一家营收都增长了30%，最高达到70%，表现非常好。" 据商务部商务大数据监测，国庆中秋假期全国重点零售和餐饮企业销售额按可比口径同比增长 2.7%。越来越多的美食热点在引领城市文旅流量，为一道美食奔赴一座城。美团、大众点评 数据显示，国庆假期， "必吃榜"热门城市Top10分别为上海、北京、广州、成都、杭州、苏 州、天津、南京、深圳、武汉，宝藏美食小城Top10 ...

2025年10月9日，为维护银行体系流动性合理充裕，中国人民银行以利率招标方式开展11000 亿元3个月期买断式逆回购操作。鉴于10月份有8000亿元同期限逆回购到期，此次操作实现净 投放3000亿元中期流动性。央行开展如此大规模的逆回购操作，不仅是技术上的流动性管理， 更具有深刻的政策信号意义。这一操作清晰释放出央行积极应对潜在流动性缺口、稳固资金面 的明确信号，蕴含着稳增长、稳预期与防风险的多重考量。 央行选择在节后首个工作日立即出手，是对10月份乃至第四季度复杂流动性形势的前瞻性、针 对性应对，凸显了在复杂内外环境下货币政策精准调控、有的放矢的取向。这次操作背后，皆 在应对资金面潜在三重收紧压力。 首先，政府债券较大规模发行引起市场资金趋紧。 9月份全国共发行地方债12843亿元，净融 资额为11056亿元，发行量和净融资额均创年内新高。按照计划，今年新增地方债和超长期特 别国债均在10月份发行完毕，将继续吸纳市场资金。央行开展逆回购操作，精准地对冲政府债 券大规模发行带来的流动性压力，这是货币政策与财政政策协同、稳定市场预期的关键之举。 其次，政策性工具发力引致资金需求上升。 9月29日，国家发改委宣 ...

Core Viewpoint - The internal conflict within Wahaha Group has escalated, marked by the resignation of Zong Fuli from key positions, indicating deeper issues within the company and potential shifts in brand strategy [1][4][5]. Group 1: Resignation and Leadership Changes - Zong Fuli resigned from her roles as legal representative, director, and chairman of Wahaha Group on September 12, confirmed by company sources [1]. - The resignation is speculated to be linked to compliance issues regarding the use of the Wahaha trademark, prompting Zong Fuli to focus on her own brand, "Wawa Xiaozong" [1][5]. - Xu Simin, former legal head of Hongsheng Group, is expected to succeed Zong Fuli as chairman [1]. Group 2: Trademark and Brand Strategy - The Wahaha trademark is valued at over 90 billion yuan, and its usage requires unanimous consent from all shareholders, complicating Zong Fuli's position [7][14]. - An internal document revealed plans to transition to the new brand "Wawa Xiaozong" starting from the 2026 sales year, highlighting ongoing brand strategy shifts [5][14]. Group 3: Corporate Governance and Succession Challenges - The governance structure of Wahaha Group reflects a deep-rooted founder influence, with Zong Fuli facing challenges in transitioning to a more institutionalized management style [12][15]. - The company is experiencing internal turmoil, including legal disputes and employee resistance, as Zong Fuli attempts to implement reforms [12][13]. - The generational transition in family businesses often involves conflicts between traditional management practices and modern governance approaches, as seen in Wahaha's current situation [11][15].

西安文旅市场正在经历一场由文化IP引领的深刻变革。 记者丨 凌晨 编辑丨陈洁 21世纪经济报道记者从西安文旅局获悉，2025年国庆中秋假期，全市共接待游客2007.75万人 次，实现旅游总收入199.59亿元。 近200亿元的旅游收入背后，是系统性的政策布局与市场创新的双轮驱动。西安借助与头部直 播平台合作，成功打造多起破圈传播，并推出沉浸式唐诗主题体验项目，推动高端酒店平均入 住时长显著增加。 大唐不夜城周边随处可见的古诗词灯箱 凌晨/摄 21世纪经济报道记者实地走访大唐不夜城、大雁塔等热门景区看到，即使雨丝如织，却丝毫未 减游客的热情。大唐不夜城在国庆期间人潮涌动，游客们漫步在湿漉漉的石板路上，仿佛每一 步都踏进盛唐的余韵。身着汉服的姑娘们尤其惹眼，长裙轻摆、云鬓微斜，在人群中点缀出一 抹抹流动的古意。家长们抱着孩童站在围栏外，观看不倒翁小姐姐的精彩表演。周边的餐厅 内，游客们正在有序排队入座，等待热气腾腾的特色美食。 西安文旅局的数据显示，国庆中秋假期，西安入境游订单同比激增102%，显示出国际吸引力 的快速回升。 这座城市正在尝试走通一条将历史文化资源有效转化为经济价值的特色发展路 径。 陕西省社会科 ...

Market Overview - The U.S. stock market experienced a significant decline on October 10, with the Dow Jones falling by 1.9%, the Nasdaq dropping by 3.56%, and the S&P 500 decreasing by 2.71%, marking the largest single-day drop since April [1][3] - Major technology stocks also saw substantial losses, with Nvidia's market value evaporating by $228.7 billion (approximately 1.63 trillion yuan) in one night [4] Asset Performance - The Nasdaq China Golden Dragon Index fell by over 6%, with notable declines in popular Chinese stocks such as NIO and Baidu, which dropped more than 10% and 8% respectively [4][3] - Gold prices increased, with COMEX gold futures rising by 1.58% to $4,035.50 per ounce, while international oil prices fell, with WTI crude oil dropping by 5.32% to $58.24 per barrel [9][14] Economic Indicators - U.S. Treasury yields collectively decreased, with the 2-year yield falling by 1.63 basis points and the 10-year yield down by 1.95 basis points [5] - The U.S. dollar index fell by 0.56%, closing at 98.977, reflecting a broader trend of currency fluctuations amid market volatility [6] Government Shutdown Impact - The ongoing U.S. government shutdown, which entered its tenth day, has led to concerns about economic data availability and potential impacts on market sentiment [7][15] - Analysts suggest that while the stock market may react negatively in the short term, historical data indicates that the S&P 500 has shown resilience during previous government shutdowns, with an average gain of 2.91% [16][17]

Core Viewpoint - The article highlights the recent administrative penalties imposed on *ST Yuancheng for systematic financial fraud over three consecutive years, marking a significant enforcement action by regulatory authorities against financial misconduct in the capital market [1][2][4]. Group 1: Financial Fraud Details - *ST Yuancheng inflated its operating revenue by a total of 209 million yuan and its total profit by 50.46 million yuan from 2020 to 2022 [1][3]. - The company used fraudulent financial data in its 2022 non-public stock issuance documents, constituting fraudulent issuance [1][3]. - The penalties include a fine of 37.45 million yuan for the company and a total of 42 million yuan for five responsible individuals, with the actual controller and chairman, Zhu Chang, personally fined 28 million yuan and banned from the securities market for 10 years [4][5]. Group 2: Regulatory Environment and Trends - The increase in major illegal delisting cases is attributed to significant adjustments in delisting regulations rather than an increase in fraudulent companies [2][6]. - New regulations specify a "clear removal" policy for companies with continuous fraud for three years or more and have lowered the thresholds for delisting based on the amount and proportion of fraud [6][8]. - The regulatory approach now includes a "three-punishment linkage" system, combining administrative, civil, and criminal penalties for financial fraud cases, reflecting a zero-tolerance stance towards market violations [2][4][9]. Group 3: Market Implications - *ST Yuancheng is the 13th company to trigger major illegal delisting indicators in 2025, a record high, with eight of these companies already completing the delisting process [6][7]. - The new delisting standards categorize financial fraud as a key reason for major illegal delisting, emphasizing the severe impact of such actions on market fairness and order [9]. - The current high-pressure regulatory environment is expected to reduce the number of companies engaging in systematic financial fraud, indicating a potential decline in future delistings due to financial misconduct [8][9].