Core Viewpoint - The article highlights the recent strategic moves by Superstar Legend, including a share acquisition and the launch of new IP initiatives, indicating a strong focus on expanding its market presence and leveraging celebrity influence for growth [1][3][5]. Group 1: Share Acquisition - Superstar Legend's subsidiary, Xing Chuang Yi (Kunshan) Cultural Entertainment Co., has signed a conditional share acquisition agreement to purchase approximately 1.17% of the equity in National Stadium Co., corresponding to a registered capital of about RMB 24.3 million [1][3]. - The acquisition is subject to several conditions, including the lifting of asset freezes and the completion of necessary regulatory procedures [4][5]. - Post-acquisition, National Stadium Co. will not be a subsidiary of Superstar Legend, and its financial performance will not be consolidated into the group's financial statements [5]. Group 2: IP Development and Market Strategy - The company has launched the "Zhou Classmate" float at the Shanghai Tourism Festival, aiming to engage younger audiences through interactive experiences [1][7]. - Superstar Legend has formed a strategic partnership with Yushut Technology to develop consumer-grade robotic products, enhancing its IP portfolio [7][9]. - The company is expanding its IP matrix, particularly leveraging the Zhou Jielun IP, which has significant commercial potential due to its strong fan base and box office appeal [8][9]. Group 3: Stock Performance - Following the announcement of Zhou Jielun's entry into Douyin, the stock price of Superstar Legend surged by over 180% in July, reflecting strong market interest and investor confidence [7]. - On September 12, the stock experienced a sharp increase of nearly 22% in intraday trading, indicating positive market sentiment surrounding the company's recent activities [1][7].

Core Viewpoint - The traditional cyclical sectors, represented by non-ferrous metals and chemicals, have recently experienced a strong upward trend, contrasting with the technology growth style that has dominated the market [1][2]. Group 1: Market Trends - Since the low point in April, the China Securities Non-Ferrous Metals Index and the China Securities Chemical Sub-Industry Index have rebounded by 57% and 32% respectively, ranking among the top in the secondary industry indices [2]. - Significant capital has flowed out of technology-focused ETFs and into chemical and non-ferrous metal ETFs, indicating a "high cut low" trend in investment [3]. - In the past three months, chemical ETFs and non-ferrous metal ETFs have seen net inflows of 19.2 billion and 13.7 billion respectively, reflecting a shift in market expectations [3]. Group 2: Supply and Demand Dynamics - The previous peak in capital expenditure for traditional cyclical industries has passed, leading to market-driven supply-side adjustments and enhanced industry self-discipline [4]. - The demand for precious metals has been driven by a shift in the Federal Reserve's stance and a weak non-farm payroll report, leading to rising gold prices [4]. - Industrial metals like copper are in a tight supply-demand balance, while aluminum prices are supported by limited global production increases [4]. Group 3: Policy and Economic Context - The "anti-involution" policy is seen as a significant macroeconomic factor that could enhance domestic production factor prices and improve corporate balance sheets, thereby boosting consumption and reinvestment [7][9]. - The current economic context differs from previous supply-side reforms, focusing more on market-driven adjustments rather than forced elimination of excess capacity [8][9]. Group 4: Emerging Opportunities - New technologies such as AI and renewable energy are injecting unprecedented demand into traditional cyclical industries, reshaping their value chains [10]. - The demand for copper, driven by AI and renewable energy sectors, has already surpassed 20% of global copper demand and continues to grow rapidly [11]. - The development of AI is expected to revolutionize material science, potentially leading to new materials and industrial revolutions in the future [11].

Core Viewpoint - Dongxing Securities has initiated the recruitment of a chief economist for the first time in six years, aiming to enhance its macroeconomic research capabilities and strengthen the foundation for corporate value exploration [1][2][4]. Group 1: Recruitment of Chief Economist - The recruitment of a chief economist is a significant move for Dongxing Securities, as the previous chief economist left in May 2019, and the position has remained vacant since then [3]. - The company has outlined six qualifications for the role, including a maximum age of 45, over five years of experience in reputable brokerage firms or public funds, and a preference for candidates with experience in macroeconomic policy research [3][4]. - The responsibilities of the new chief economist will include providing investment consulting services to external clients and supporting internal research efforts [3][4]. Group 2: Research Business Challenges - Dongxing Securities' research business has faced a significant decline, with commission income shrinking by approximately 90% from 2020 to 2024, and the number of research personnel decreasing from 111 to 62 [2][4]. - In the first half of 2025, the company's commission income was reported at 3.27 million yuan, a year-on-year decline of 70.59%, ranking 69th in the industry [4]. - The decline in research income is attributed to factors such as the reform of public fund commission rates, which has affected the entire brokerage industry [4]. Group 3: Business Restructuring - Dongxing Securities is undergoing structural adjustments across multiple departments, including the research department and investment banking, to enhance operational efficiency and adapt to competitive pressures [5]. - The company has shifted its investment banking management from a team-based to a project-based approach, aiming for a more streamlined and responsive management system [5]. Group 4: Financial Performance - Despite challenges in the research sector, Dongxing Securities has maintained positive growth in net profit over the past five years, with a reported revenue of 2.25 billion yuan in the first half of 2025, a year-on-year increase of 12.46% [6]. - The wealth management business has been a key driver of growth, with a 19.13% increase, contributing 38.98% to total revenue [6]. - The investment banking segment has also seen substantial growth, with a year-on-year increase of 188.20%, while asset management and trading revenues have declined [6].

Core Viewpoint - The new national standard for sterilized milk, effective from September 16, prohibits the use of reconstituted milk, mandating that only raw milk can be used as the sole ingredient for production [2][3]. Group 1: Changes in Standards - The prohibition of reconstituted milk is the most significant change in the revised standard, ensuring that products labeled as "sterilized milk" must be made from raw milk directly obtained from cows or sheep [2]. - The revised standard strictly limits the use of raw cow (or sheep) milk as the sole ingredient, ensuring the original quality of the product and enhancing the purity of domestic milk [2]. - The labeling requirements have become more stringent, mandating that companies accurately disclose ingredient information on product packaging, thereby improving transparency for consumers [2]. Group 2: Impact on the Dairy Industry - These three modifications are expected to have a profound impact on the high-quality development of the dairy industry, contributing to the overall quality and standards of sterilized milk products [3].

以色列多家媒体援引军方消息报道称，当地时间9月15日晚，以军对巴勒斯坦加沙地带北部的加沙城实施大规模空袭。 以色列瓦拉通讯社援引以军总参谋部人士消息报道称，以军在最新一轮的行动中使用了多种火力，而这仅仅只是"开始"。 以色列媒体报道，以色列军方15日夜间对加沙城发动地面进攻。以军方坦克已进入加沙城。 刚刚！美联储，降息大消息！特朗普，最新发声！ 重磅突发！英伟达，违反反垄断法！ 刚刚，多只牛股发布公告！ 利好来袭！人工智能，突传重磅！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 看券商中国 知天下财经 弊中社 券商中国 X 券中社 来源：央视财经 责编：汪云鹏 校 对： 陶谦 百万用户都在看 另据巴勒斯坦多家媒体报道，以色列国防军在15日晚间至16日凌晨加强了对加沙地带北部加沙城的空袭和炮击。有美国媒体援引以军方人士消息报道，在到访以色 列的美国国务卿鲁比奥重申美方对以支持后，以色列方面已正式开始对加沙城的地面军事进攻行动。 以军和巴勒斯坦官方均未对此做出回应。 扫码下载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com ...

Core Viewpoint - The A-share market experienced a sudden decline, with significant drops in the non-ferrous metals sector, particularly in rare earth permanent magnets, despite positive market catalysts [1][3][5]. Group 1: Market Performance - On Tuesday morning, the A-share market saw a sharp drop, with the Shanghai Composite Index down 0.10%, the Shenzhen Component down 0.26%, and the ChiNext Index down 0.32% [1]. - The non-ferrous metals sector, particularly the rare earth permanent magnet index, saw a decline of over 3% during the session, with major stocks like China Rare Earth and Jinko Solar dropping more than 5% [3]. - High-position blue-chip stocks also faced profit-taking, with stocks like Ningde Times and Muyuan Foods experiencing declines of over 1% and 4%, respectively [3]. Group 2: Market Drivers - Despite favorable news such as easing US-China trade tensions and expectations of a US interest rate cut, the A-share market still faced downward pressure [5]. - Analysts suggest that the market adjustment is likely due to profit-taking in high-position stocks, as sectors like optical modules and solid-state batteries have seen significant gains recently [6][8]. Group 3: Future Outlook - The adjustment in the equity market may present opportunities, as the risk appetite in the bond market remains stable, and the narrative driving the recent stock market rise has not fundamentally changed [8]. - Analysts predict that the upcoming period may resemble the market conditions of 2016-2017, driven by fundamental improvements in prices, profits, and inventory levels [8]. - Economic data for August indicates a mixed picture, with industrial production growth at 5.2% and service sector growth at 5.6%, suggesting GDP growth remains around 5% [9].

编者按： 时代之笔擘画新章，金融活水润泽实体。在金融"五篇大文章"铺就的壮阔画卷中，证券业正以创新之墨挥毫作 答。这是服务国家战略的使命担当，更是深化金融供给侧改革的生动实践。证券业以"国之大者"为经，以"民之关 切"做纬，让金融血脉与实体经济同频共振，奏响中国式现代化的资本强音。证券时报联合中国证券业协会，推 出"做好'五篇大文章' 证券业作答进行时"系列专栏， 本篇为系列报道之三十三，敬请垂注。 当"普惠金融"从一个政策热词变成券商的主动战略，真正的挑战才刚刚开始——如何让高净值客户专属的专业服务飞 入寻常百姓家？如何让沉睡的数字技术真正激活长尾客户？又如何让金融活水绕过重重障碍，精准滴灌至中小微企 业？ 对于上述问题，国投证券以一场贯穿"产品—服务—实体"的实践，提交了一份带有温度的、以数字化为手段的普惠金 融答卷。 打破壁垒建立"财富货架" 普惠金融不是简单意义上的"降费率""开端口"，而是通过技术重构服务模式的变革。 "以前开通创业板权限要跑到营业部，现在半夜12点躺在床上用'投投慧答'3分钟就能搞定。"深圳投资者李女士道出 的体验感，背后是一个覆盖超300家网点、7×24小时在线的国投证券数字化普 ...

据"中国海警"微信公众号消息，9月16日，中国海警依法对位黄岩岛领海非法活动的多艘菲律宾公务船采取管制措施。 来源："中国海警"微信公众号 责编：汪云鹏 校 对： 陶谦 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 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 弊中社 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, 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 百万用户都在看 刚刚！美联储，降息大消息！特朗普，最新发声！ 重磅突发！英伟达，违反反垄断法！ 刚刚，多只牛股发布公告！ 利好来袭！人工智能，突传重磅！ ...

锦龙股份的股权年内再度"上架"拍卖。 近日，锦龙股份公告称，东莞市新世纪科教拓展有限公司（以下简称"新世纪公司"）持有公司的3000万股将在10月12日进行司法拍卖，起拍价合计3.14亿元， 这是 锦龙股份股权年内第三次被司法拍卖。 前两次分别涉及6230万股、3500万股，且均因一拍不顺进入二拍。 锦龙股份表示，若本次拍卖股份最终全部成交并完成过户，新世纪公司仍将持有公司16.29%股权，控股股东不会产生变化。 新世纪公司的债务问题仍需关注。就在9月12日，天眼查显示，该公司被东莞市中级人民法院立案执行，执行标的金额高达6.56亿元。这是新世纪公司今年以来标的 金额最大的执行案件。 年内第三次拍卖 京东司法拍卖网站显示，锦龙股份共有3000万股"上架"，该竞拍将于10月12日开始，为期1天。上述股份被拆成10个标的，每个标的为300万股。此前有市场人士分 析，此举更容易促成竞拍。 这是锦龙股份年内第三次被司法拍卖。据悉，第一次拍卖在今年2月—4月进行，彼时实际控制人杨志茂和新世纪公司所持有的锦龙股份合计6230万股被同时拍卖， 最终新世纪公司持有的200万股被成功竞拍；杨志茂有3030万股被成功竞拍，但有3 ...

美联储，传来大消息！ 就在刚刚，美国参议院以48票对47票的微弱优势，通过对斯蒂芬·米兰出任美联储理事会成员的提名。米兰将参与9月16日 开始为期两天的美联储会议。据悉，米兰曾在特朗普第一任总统任期内担任美国财政部经济政策高级顾问，并拥有哈佛 大学经济学专业的博士学位。 圣路易斯联邦储备银行前总裁布拉德表示，他上周与财政部长贝森特就出任美联储主席一职进行了交流，并表示他对这 一职位非常感兴趣。 据CME"美联储观察"最新消息，美联储本周降息25个基点的概率为95.9%，降息50个基点的概率为4.1%。美联储10月累 计降息25个基点的概率为23.1%，累计降息50个基点的概率为73.8%，累计降息75个基点的概率为3.1%。 此外，当地时间15日，特朗普在社交平台发帖威胁称，将在必要时宣布美国全国进入紧急状态，并对华盛顿特区进行全 面联邦管制。 美联储大消息 北京时间16日早上，特朗普提名的美联储理事候选人米兰在美国参议院获得确认任命的足够票数。米兰的美联储理事提 名获参议院及时确认，可以赶上本周的利率会议。 此前，美国参议院将投票确认白宫经济顾问委员会主席米兰加入美联储。米兰将保留他的白宫工作，但在美联储期 ...