《华盛顿邮报》认为赫格塞思这一举动"极不寻常"，并称赫格塞思的反对者担心他这一举动背后或掺杂着党派 政治因素。不过，美国总统特朗普就此事回应称，这一举动并不是什么大事。美国副总统万斯也表示国防部长 召集将领们回来开会并没有什么不寻常之处，并认为是媒体在夸大此事。 美国军方下周要召开的"秘密会议"细节刚刚被曝光了。此前，已传出在全球驻扎的数百名美军将军正被召 回， 此事引发外界密切关注。 据环球网援引"政治新闻网"内容，数位美官员们表示，在上述会议中，美国国防部长赫格塞思的讲话将会提到 特朗普政府关于美国国家安全的新愿景——相较于远方冲突，美国将更加重视国土安全与西半球事务。 《华盛顿邮报》则认为赫格塞思这一举动"极不寻常"，并称赫格塞思的反对者担心他这一举动背后或掺杂着党 派政治因素。 美军"秘密会议"细节曝光 据环球网援引的"政治新闻网"内容，爆料了此次"秘密会议"将聚焦军容规范、标准要求以及赫格塞思提出 的"勇士精神"理念等问题。据三名军方官员和一名熟悉会议筹备情况的国会助理透露，这场会议更像是一 场"动员大会"，赫格塞思将聚焦对美国军队领导层的期望及其行为规范问题。 一名匿名军方官员表示，赫格塞思想传达 ...

Core Insights - The total scale of public funds in China has surpassed 36 trillion yuan, marking a historical high for the fifth time this year [1][2][3] - Active equity funds have been the main contributors to this growth, with stock fund net value increasing by 12.76% month-on-month, a rare occurrence historically [1][4] - The "seesaw" effect between stocks and bonds has been evident, with bond funds experiencing a slight decline in both share and net value [1][6] Fund Scale and Performance - As of the end of August, there are 164 public fund management institutions in China, managing a total net asset value of 36.25 trillion yuan, an increase of over 1.17 million shares from the previous month [2] - The total number of public funds reached 13,128, with a net value of 362,527.97 billion yuan, reflecting a month-on-month increase of 3.36% [3] Equity Fund Highlights - The Shanghai Composite Index rose by 7.97% in August, leading to a significant increase in active equity fund sizes, with stock fund shares increasing by 796.68 billion and net value rising by 6,280 billion yuan [4] - New fund issuance in August totaled 1,020 billion shares, with equity funds accounting for half of the total issuance [4] Bond Fund Trends - Bond funds saw a reduction of over 950 billion shares and a net value decrease of over 285 billion yuan in August [6] - The performance of bond funds varied, with convertible bond funds showing an average return of 6.29%, while passive index bond funds lagged behind [6][7] QDII Fund Developments - QDII funds benefited from significant gains in both Hong Kong and U.S. stock markets, with QDII fund shares increasing by 534 billion and net value rising by 672 billion yuan, reflecting a month-on-month increase of 9.21% [8]

★ 宏观动态 ★ 国家统计局：2025年1—8月份全国规模以上工业企业利润增长0.9% 国家统计局发布数据，1—8月份，全国规模以上工业企业实现利润总额46929.7亿元，同比增长0.9%。1—8月 份，规模以上工业企业中，国有控股企业实现利润总额15156.5亿元，同比下降1.7%；股份制企业实现利润总 额34931.9亿元，增长1.1%；外商及港澳台投资企业实现利润总额11723.6亿元，增长0.9%；私营企业实现利润 总额13076.1亿元，增长3.3%。8月份，规模以上工业企业利润同比由上月下降1.5%转为增长20.4%。 工信部：将优化新能源汽车购置税、车船税等优惠措施 在今日举办的2025世界新能源车大会上，工业和信息化部副部长熊继军提出，将进一步支持技术攻关，加快车 用大算力芯片、操作系统、大模型、新体系电池等技术的突破，增强产业发展的内生动力； 进一步扩大市场 消费，实施新一轮汽车行业稳增长工作方案，优化新能源汽车车辆购置税、车船税等优惠措施，深入推进新能 源汽车下乡，公共领域车辆全面电动化试点，县域充换电设施补短板的试点，扩大市场消费；进一步完善管理 体系，建立、健全组合辅助驾驶、自动驾驶汽 ...

Core Viewpoint - The Trump administration is considering imposing tariffs based on the number of chips in foreign electronic devices to encourage domestic manufacturing [1][2][5] Group 1: Tariff Implementation - The proposed plan involves estimating the value of chips in products and imposing tariffs accordingly [1][2] - Trump previously indicated a potential 100% tariff on imported semiconductors, with exemptions for companies manufacturing in the U.S. [1][5] - The administration is also contemplating a requirement for chip companies to maintain a 1:1 ratio of domestically produced chips to imported chips, with penalties for non-compliance [1][5][6] Group 2: Economic Implications - The implementation of these tariffs could lead to increased consumer prices, exacerbating existing inflation issues in the U.S. [2][5] - Economic experts warn that the tariffs may complicate the already intricate U.S. tariff system and could challenge major tech companies that rely on global supply chains [6] Group 3: Broader Tariff Measures - In addition to semiconductor tariffs, Trump announced new tariffs on various imported goods, including a 50% tariff on kitchen cabinets and a 30% tariff on furniture [3] - The administration's strategy includes a mix of tariffs, tax cuts, deregulation, and energy supply enhancements to boost domestic manufacturing [2][5]

据西安市人民医院9月26日消息，9月7日下午，甘肃22岁的张女士（化名） 放牧时 突遭黑熊袭击。黑熊悄然 从她背后接近，猛然咬住她的头部，牙齿刺入右眼与左耳，瞬间鲜血直流。据张女士事后讲述， 生死一线， 她迅速装死——屏住呼吸、身体僵直不动，黑熊用爪子拨动她的手臂一会儿后，自行离开。 脱险后，张女士强忍伤痛回家，其丈夫立即驾车送医。当地医院紧急清创缝合，但伤势极重，头面部大面积撕 裂，右眼眼球脱出，视力岌岌可危。 为争取最佳治疗，丈夫决定转院。因乘坐飞机可能引发眼压、颅内压升高，影响伤情。他们赶紧驱车前往，历 时40小时，跨越千里，于9月9日凌晨抵达西安市人民医院（西安市第四医院）急诊科。 紧急手术遇孕期 多学科守护母胎安全 入院时，急诊科初步判断，张女士头面部多处开放性伤口，右眼眼球脱出已无光感，左耳廓撕脱、外耳道撕 脱、鼓膜穿孔，病情危重。 六小时生死接力 多学科联合手术成功 9月9日上午完成术前准备，下午1点手术开始。术中探查，张女士的受伤面积和程度要比初期判断更为严重， 眼部、耳部、鼻骨、颧骨等处存在多处撕裂伤、骨折。 医院眼部急诊和眼外伤中心争分夺秒进行右眼球复位、眼外肌修复、泪小管吻合、内眦韧带重 ...

Core Viewpoint - Recent breakthroughs in solid-state lithium batteries by Chinese researchers, particularly from Tsinghua University and Wuhan University, are expected to significantly advance the development of safe and high-energy-density solid-state batteries, addressing key challenges in the industry [1][3][5]. Group 1: Research Breakthroughs - Tsinghua University's team, led by Professor Zhang Qiang, developed a new fluorinated polyether electrolyte that enhances physical contact and ionic conductivity at solid-solid interfaces, improving high-voltage performance and interface stability [3][4]. - The new electrolyte achieved an energy density of 604 Wh/kg in a polymer battery under 1 MPa pressure, surpassing current commercial batteries, and demonstrated excellent safety in thermal and puncture tests [4]. - Wuhan University's research group created a novel cation-anionic polymer electrolyte that enhances lithium ion mobility and conductivity, successfully powering a drone, indicating a new path for solid-state battery development [5][6]. Group 2: Industry Implications - Solid-state batteries are seen as a revolutionary technology that eliminates risks associated with traditional lithium batteries, such as leakage and fire, significantly enhancing safety [8]. - The solid-state battery industry is entering a critical commercialization phase, with projections indicating global shipments could reach 614.1 GWh by 2030, corresponding to a market size exceeding 100 billion yuan [8][9]. - Major automotive companies, including BYD and FAW Group, have announced plans for mass production of solid-state batteries by 2027, marking a pivotal year for the industry [9][10]. - The market for solid-state batteries is expected to grow significantly, with demand projected to reach 270.8 GWh by 2030, translating to a market space of 2,180 billion yuan, including 113.8 billion yuan specifically for all-solid-state batteries [10].

Core Viewpoint - Xingsheng Global Fund has officially entered the ETF market by submitting its first ETF product, the "Xingsheng Global CSI 300 Quality ETF," marking a significant shift from its traditional focus on active equity investment [1][2]. Group 1: ETF Product Launch - The "Xingsheng Global CSI 300 Quality ETF" is currently under review by the regulatory authority as of September 25 [2]. - This ETF aims to track the CSI 300 Quality Index, which reflects the performance of 50 companies with high quality factor scores from the CSI 300 Index [2][3]. - If approved, this ETF will be the first in the industry to track the CSI 300 Quality Index, focusing on high-quality A-share assets [2]. Group 2: Market Context - As of September 26, there are 1,315 ETF products in the market, with a total scale of 5.47 trillion yuan, representing a 46.6% increase from the end of the previous year [1][4]. - The ETF market has been expanding rapidly, becoming a key area for public fund institutions to compete [4]. - The trend of entering the ETF market has been observed among various public fund companies since 2020, with many institutions recognizing the importance of ETFs for growth [4][5]. Group 3: Industry Trends and Challenges - The ETF market is characterized by increasing competition and product homogeneity, making differentiation crucial for latecomers [5]. - Public fund companies are encouraged to develop thematic products in high-growth sectors such as technology, healthcare, and consumer goods, as well as Smart Beta ETFs [5].

当地时间9月27日，泰国陆军发言人文泰·苏瓦里表示，当天12时至12时30分左右，泰第二军区报告称， 发现柬埔寨士兵在乌汶府使用武器向泰国一侧开火。泰国军方根据局势进行回击。 责编： 刘珺宇 校 对：吕久彪 百万用户都在看 信息量大！利好，密集来袭！ 宗馥莉，被驳回！ 关税，突变！白宫最新发声！ 见证历史！集体大涨！ 突发！A股公司董事长，被留置！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 泰国陆军发言人表示，柬埔寨方面频繁带领东盟临时观察团前往该地区检查，因此推测这次事件是"刻意 挑衅"，意图迫使泰军开火或采取攻势，再将其作为证据提交给东盟临时观察团，以指控泰方违反停火措 施。 泰国陆军发言人称，截至目前， 泰方尚未接到人员伤亡报告。 ...

Core Viewpoint - The article emphasizes the importance of strictly implementing the Central Eight Regulations during the upcoming National Day and Mid-Autumn Festival, aiming to combat the "Four Winds" and promote a clean and upright festive atmosphere [1][2]. Group 1: Implementation of Central Eight Regulations - The notification stresses the need for party organizations at all levels to recognize the significance of the Central Eight Regulations as a commitment from the Party Central Committee, urging them to maintain strict adherence during the festive period [1]. - It calls for leaders, especially the top officials, to be self-disciplined and accountable, ensuring the implementation of the Central Eight Regulations [1]. Group 2: Focus on Common Issues - The notification highlights the need to address common issues that arise during the festive season, such as the improper acceptance of gifts like mooncakes and crab vouchers, and inappropriate dining practices in residential areas and private venues [1]. - It also emphasizes the importance of preventing misconduct in public service and ensuring that officials do not engage in activities that could compromise their impartiality [1]. Group 3: Strict Supervision and Accountability - The notification mandates rigorous supervision and enforcement, with a focus on identifying and addressing hidden violations and promptly dealing with serious breaches of discipline [1]. - It insists on accountability for party organizations and leaders in areas where there is laxity in work style and prominent "Four Winds" issues [1]. Group 4: Promotion of Positive Culture - The notification encourages the promotion of a culture that values integrity, thrift, and hard work, aiming to create a festive atmosphere that is clean and upright [2].

Core Viewpoint - China has accumulated a significant amount of social net wealth, and with low bank savings rates, the growth of net wealth can only be achieved through capital markets. This marks a transformative change in the sources of incremental funds for capital markets [1]. Group 1: Economic Challenges and Consumption - The Chinese economy has shown a recovery trend post-pandemic, achieving growth rates of 5.2% and 5% in the past two years, placing it among the leading global economies [2]. - The macroeconomic environment faces increasing pressure from declining demand, with the GDP deflator index experiencing negative growth for nine consecutive quarters. The shift in economic growth has moved from supply constraints to demand constraints, primarily due to insufficient consumption [2][3]. - There is a significant structural deviation in consumption, particularly in service consumption, which is lagging behind international averages. This deviation is attributed to various factors, including low levels of public services, urbanization challenges, income disparities, and a long-standing policy focus on investment over consumption [2][3]. Group 2: Structural Reforms to Boost Consumption - To effectively expand consumption, it is crucial to address the structural issues related to low consumption ratios. The focus should be on enhancing the consumption capacity of low-income groups, particularly in areas such as education, healthcare, housing, social security, and elderly care [4][5]. - Three key areas for structural reform are identified: 1. Addressing housing shortages for new urban residents, particularly migrant workers, through government initiatives to convert unsold properties into affordable housing [6]. 2. Reforming the rural pension system to significantly increase pension income for rural residents, thereby unlocking consumption potential for a large segment of the population [6]. 3. Promoting a new wave of urbanization by facilitating the smooth flow of production factors between urban and rural areas, which includes enhancing the market allocation of rural land resources [6]. Group 3: Financial Market Development - A strong financial market is essential for supporting both consumption and manufacturing sectors. The establishment of a robust monetary and capital market is necessary for fostering a consumption-driven economy [7][8]. - The capital market is expected to enter a new development phase, focusing on nurturing large-scale innovative enterprises and creating an attractive investment environment. This will enhance resource utilization efficiency and support pension expenditures in an aging society [8]. - A strategic shift towards balancing imports and exports is recommended, with an emphasis on increasing the internationalization of the Renminbi through substantial imports, thereby enhancing its status as a reserve currency [8].