科创板第五套上市标准迎来新进展！ 日前，证监会核发了广州必贝特医药股份有限公司（下称"必贝特 " ）科创板IPO的批文。意味着又一家选择科创板第五套上市标准的企业成功注册。与其他企业不 同的是，必贝特早在2023年就已过会，2023年6月1日提交注册，两年之后的现在才终于拿到IPO批文。 最新数据显示，目前已有6家适用科创板第五套标准的企业排队上市。其中，拿到IPO批文的有2家，报送证监会等待批文的有2家，另外2家还未过会（交易所）。 随着排队企业的增多，这些企业的上市日期也逐渐临近。 等待两年多终于拿到批文 必贝特早在2023年1月11日，就获得了科创板上市委审核通过。2023年6月向证监会提交了科创板IPO的注册申请，此后一直没有进展。 据悉，2023年，采用科创板第五套标准申报的未盈利企业的IPO进程进入实质性暂停。此后一直未有该标准申报的科创板企业上市。2025年3月，证监会党委召开扩 大会议指出，要增强制度包容性、适应性，支持优质未盈利科技企业发行上市，稳妥恢复科创板第五套标准适用。2025年6月，科创板第五套标准正式重启。 等待两年多之后，必贝特终于等到了机会。 必贝特是一家以临床价值为导向、专注 ...

Core Viewpoint - The Chinese futures market has reached a historical high in the number of effective clients, with significant growth in overseas clients, indicating a robust internationalization process and enhanced market influence [1][2]. Group 1: Market Growth and Client Structure - In the first half of 2025, the total number of new futures clients reached 410,000, a 2.5% increase year-on-year, bringing the total effective clients to 2.61 million, a 12% year-on-year growth [1]. - The number of institutional clients has surged by 43% compared to the same period in 2022, while overseas clients have increased by 63% [1]. - Clients from 39 countries and regions are now participating in the Chinese futures market, reflecting a steady progress in the internationalization of the market [1]. Group 2: Regulatory and Product Expansion - The China Securities Regulatory Commission (CSRC) plans to accelerate the implementation of key measures for capital market opening, aiming to expand the number of futures and options products available to qualified foreign institutional investors (QFII and RQFII) to 100 [2]. - As of mid-2025, the number of tradable products for QFII and RQFII has reached 91, with a significant increase of 45 new futures and options products added this year, nearly doubling the previous total [2]. Group 3: Market Activity and Economic Impact - In the first seven months of this year, the trading volume in the Chinese futures market reached 5.135 billion contracts, with a total transaction value of 411.04 trillion yuan, reflecting a year-on-year increase of 23.11% and 23.09% respectively [3]. - The internationalization of futures products is crucial for providing precise price signals to industrial enterprises, enhancing their ability to manage risks and optimize resource allocation [3].

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.4% month-on-month in July, higher than the seasonal level by 0.1 percentage points, driven by rising prices in services and industrial consumer goods [2] - Service prices rose by 0.6%, contributing approximately 0.26 percentage points to the CPI increase, with significant price hikes in air tickets (17.9%), tourism (9.1%), hotel accommodation (6.9%), and vehicle rentals (4.4%) [2] - Core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, with jewelry prices significantly impacting the CPI [2] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.2% month-on-month, but the decline was narrower than the previous month, marking the first month-on-month narrowing since March [4] - Seasonal factors and uncertainties in international trade affected prices in several industries, with notable declines in non-metallic mineral products (1.4%) and coal mining (1.5%) [4] - Year-on-year, the PPI fell by 3.6%, with some industries experiencing price recovery due to improved supply-demand relationships and ongoing macroeconomic policies [5]

2025年8月9日0时31分，我国太原卫星发射中心在山东日照附近海域使用捷龙三号运载火箭，成功将吉 利星座04组卫星发射升空，卫星顺利进入预定轨道，发射任务获得圆满成功。 捷龙三号运载火箭由中国航天科技集团一院抓总研制，是我国首型实现海上热发射的运载火箭。火箭采用 四级固体发动机串联布局，主要用于发射太阳同步轨道和近地轨道航天器。 此次任务是捷龙三号运载火箭的第6次飞行，也是该火箭首次在日照近海海域实施发射。 来源：科技日报 百万用户都在看 重大调整！外围，突传重磅！ A股重磅！时隔十年，两融再破2万亿！ 多重利好，刷屏！刚刚，见证历史！ 深夜！全线大涨！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：王璐璐 校对：杨立林 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 , 未 经 授 ...

靖奇投资股东之间的内斗，正在层层升级。 8月8日上午，量化私募靖奇投资法定代表人（简称"法人"）范思奇通过公司微信公众号表示，因之前公司基本 账户发生大额异常资金转移，相关账户的线上操作已被冻结，靖奇投资付款业务目前采用柜台线下转账方式， 需由公司法人及一名股东携带合同原件、付款凭据及相关资料共同前往银行柜台操作。并提醒合作伙伴提高警 惕，切勿接受未经法定程序授权的付款安排。 此前，范思奇与公司另一股东唐靖人产生矛盾，双方争执不下。唐靖人回应券商中国记者采访称，公司法人目 前正在变更过程之中，变更完成后会尽快重新恢复账户的正常使用。公司微信公众号目前由范思奇控制，不代 表公司立场。目前公司经营正常，产品运作正常，"哪怕还有一个客户，我们也会好好服务下去"。 昔日合伙今朝反目 公开信息显示，靖奇投资成立于2015年，专注于量化投资，通过数据挖掘、建模等计算机技术投资二级市场， 建立了多周期、多市场的产品矩阵。私募排排网数据显示，截至6月底，靖奇投资目前管理规模在10亿元至20 亿元，近一年超额收益在同类产品中居第7名。 两名创始人中，范思奇任投资经理，主要负责算法交易模型开发，致力于统计建模在中国证券及期货市场 ...

此外，易方达、广发基金、华夏基金等基金公司，也通过多只主动管理型基金、QDII基金、被动指数基金等 持有港交所股份，位列前十大股东行列，不过这些公募基金的操作方向不尽相同。 其中，张坤管理的易方达蓝筹精选、易方达优质精选这2只基金长期持有港交所，分别持股100万股、22万股， 今年二季度持股比例维持不变。易方达香港证券ETF，今年二季度减持了152万股，目前仍持有340万股。 据港交所最新披露，花旗集团（Citigroup Inc.）增持了22.5万股港交所股份，约9385.94万港元。增持后， 花旗集团持有港交所的最新持股为6349.47万股，持股比例为5%，成为仅次于中国香港特区政府的第二大 股东。 今年以来，港股市场成交活跃，南向资金净买入额已超过去年全年，IPO融资额也重回全球第一，高盛等多家 外资投行多次上调港交所的目标价。 花旗集团增持港交所 8月8日，港交所最新披露显示，花旗集团于8月1日增持22.5万股港交所股份，成交均价为每股417.24港元，累 计金额9385.94万港元。增持后，花旗集团最新持股为6349.47万股，持股比例上升到5%。 港交所的股东结构比较多元，且持股分散，第一大股东是 ...

Core Viewpoint - The article discusses the impact of the U.S. imposing a 25% tariff on Indian goods, leading to India suspending its plans to purchase new weapons and aircraft from the U.S., which has caused fluctuations in international oil prices [1][2][5]. Group 1: Tariff Impact on India-U.S. Relations - India has suspended its plans to procure new weapons and aircraft from the U.S. as a direct response to President Trump's announcement of a 25% tariff on Indian goods, which brings the total tariff rate to 50% [2][5]. - The Indian Defense Minister's planned visit to Washington to announce procurement plans has been canceled due to the tariff situation [2][3]. - Discussions regarding the purchase of General Dynamics' "Striker" armored vehicles and Raytheon and Lockheed Martin's Javelin anti-tank missiles have also been paused [2]. Group 2: Economic and Strategic Reactions - The Indian government views the U.S. tariffs as "unfair, unjust, and unreasonable," and has stated it will take necessary actions to protect national interests [5][4]. - India is considering trade concessions to the U.S. during the 21-day window before the new tariffs take effect, particularly in agriculture and dairy sectors [6]. - The Indian government is also exploring opportunities for industrial cooperation with Russia, including rare earth and critical mineral extraction, amidst the pressure from U.S. tariffs [7][8].

Core Viewpoint - The new regulations for algorithmic trading management issued by five futures exchanges in China aim to strengthen supervision and maintain market order and fairness, effective from October 9, 2025 [1]. Group 1: Regulatory Framework - The new rules detail requirements for algorithmic trading reporting, system access management, host custody, seat management, trading monitoring, risk management, and supervision [1]. - A six-month transition period will be established after the new regulations come into effect, during which algorithmic traders must complete the signing of commission agreements and trading reports [1]. Group 2: Reporting Obligations - Traders must fulfill reporting obligations if they meet certain conditions, such as executing 10 or more orders in one second or using self-developed trading software [3]. - Required reporting content includes basic account information, trading and software details, and any other information requested by the exchanges [3]. Group 3: Transition Period Arrangements - By April 8, 2026, futures company members must sign commission agreements with clients, outlining rights, obligations, and reporting management [7]. - From April 9, 2026, traders must report algorithmic trading information accurately and through specified channels; failure to do so will prohibit them from engaging in algorithmic trading [7]. Group 4: Regulatory Measures - Exchanges will take corrective actions against algorithmic traders who violate regulations, including notifications, reporting requirements, and restrictions on trading [8]. - For futures company members and other participants, similar corrective measures will apply, with severe cases subject to further regulatory actions [8].

当地时间8月9日，俄罗斯总统助理乌沙科夫表示，俄罗斯总统普京与美国总统特朗普将于当地时间8月15 日在阿拉斯加举行会谈。 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 乌沙科夫表示，普京和特朗普会谈的重点是实现乌克兰长期和平的方案。 责编：王璐璐 校对： 杨立林 当地时间8月8日，美国总统特朗普在其社交平台"真实社交"上发文称，将与俄罗斯总统普京于8月15日在 阿拉斯加州举行会晤，更多细节将随后公布。当天稍早，特朗普表示，美俄在乌克兰问题上已"非常接 近"达成协议。双方正就会晤地点进行安排。 此外，据英国《金融时报》8日最新消息，纽商所交易的主要黄金产品：一公斤金条和100盎司金条，均被美国 海关与边境保护局纳入需要支付关税的进口商品类别，而美国市场交易最活跃的一公斤金条，主要进口自瑞 士，该国正面临美方制定的39%高关税。受美国政府关税政策影响，已有两家瑞士黄金精炼厂减少或暂停对美 国的黄金出口。投资者预计，供应减少将在短期推高纽约黄金期货价格。 瑞银表示，若美国对黄金加征关税政策持续，预计纽约商品交易所（COMEX）黄金期货与伦敦黄金期货之间 的价差将进一步扩大，同时 ...

两连板大牛股，突遭利空！ 8月8日，刚刚拿下两个涨停板的际华集团公告称，因涉嫌信息披露违法违规，中国证监会决定对公司立案。同 时该公司还公告称，公司股票于8月6日、8月7日、8月8日连续三个交易日收盘价格涨幅偏离值累计达到20%， 公司表示无应披露未披露信息。 8月8日晚间，际华集团发布公告称，公司收到中国证监会下发的《立案告知书》，因公司涉嫌信息披露违法违 规，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立 案。 际华集团公告称，目前公司各项经营活动和业务均正常开展，在立案调查期间，公司将积极配合中国证监会的 相关调查工作，并严格按有关法律法规等规定履行信息披露义务。 与此同时，际华集团还发布了《股票交易异常波动公告》。公告称，公司股票于2025年8月6日、8月7日、8月8 日连续三个交易日收盘价格涨幅偏离值累计达到20%，根据《上海证券交易所交易规则》的有关规定，属于股 票交易异常波动的情况。 被立案 8月7日、8月8日际华集团交易额分别达到19.5亿元、28.45亿元。龙虎榜数据显示，近两个交易日沪股通专用席 位净买入际华集团超1亿元，国泰海通上海静安区新闸路 ...