3月21日晚，重庆大学发布情况通报，3月20日晚，重庆大学科学城校区虎溪校园一实验室发生一起安全 事故，造成1名学生经抢救无效死亡、3名学生受伤。目前受伤学生得到妥善救治，伤情平稳、无生命危 险。经初步调查，疑似因操作不当引发实验物品闪爆。 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 来源：重庆大学 责编：刘珺宇 校对：李凌锋 百万用户都在看 董事长被留置！1300亿"大牛股"，最新公告！ 4倍大牛股，突传利好！超级赛道，再迎重磅催化！ 中东动荡！"黑天鹅"起飞，全球股市重挫！A股优势在哪？ 刚刚，集体杀跌！阿曼，突传重磅！CTA冲击波来袭 ...

晕车的人都懂：世界在旋转，胃部在翻涌，一股冷汗冒出来。 近日， "网约车电车晕车的原因" 的话题冲上热搜，引发网友热议。 评论区不少网友表示：奇怪！为啥坐 油车没事，怎么一上电车就晕车？ 科普中国指出，网约车电车容易晕车并非心理作用，而是因为目前广泛使用的新能源电动车确实可能增加 晕车的概率。 那么，究竟为什么乘坐电动汽车更容易引起不适呢？ 要理解这一点，我们首先需要弄清楚： 人为什么会晕车？在医学界，晕车叫作"晕动症"， 它的核心解释 被称为"感觉冲突论"。简单来说，我们的大脑为了维持平衡，同时接收了三路信号： 当你坐在车里（尤其是在低头玩手机时），以上"三个部门"便会集体给大脑递交信号冲突： 你动了？我 没动！他动了！你别动！ 这种不一致的信息会让大脑混乱，进而产生头晕、恶心等晕车症状。 那么 ，为什么有的人乘坐电动汽车更容易晕车呢？ "为了省电，电动汽车普遍配备动能回收系统，若使用不当也会成为晕车的'推手'，这也是关键诱因之 一。" 松开电门，系统会强行干预减速以回收电能。 这种频繁、突兀且违背大脑惯性预判的"顿挫感"，让内耳 前庭处于一种持续的、高频的混乱纠错中。 最后，关于乘坐电动汽车易晕车的问题， ...

Core Viewpoint - The article discusses the formal transition of public funds from passive shareholders to active governance participants, as evidenced by the disclosure of voting results for the 2025 shareholder meetings by Wan Jia Fund, marking a significant step in the governance of public companies in China [1][6]. Group 1: Voting Participation and Results - Wan Jia Fund participated in 41 shareholder meetings in 2025, including 15 annual and 26 extraordinary meetings, covering over 552 voting items related to profit distribution, guarantees, capital increases, and asset restructuring [3][5]. - Out of 552 votes, Wan Jia Fund cast 27 dissenting votes, primarily against China Merchants Energy's capital increase plan, citing concerns over shareholder dilution and insufficient dividends [5][6]. - The fund's voting participation reflects a growing trend among public funds to engage actively in corporate governance, with other funds like Southern Fund also preparing to disclose their voting results [2][5]. Group 2: Regulatory Framework and Governance Actions - The disclosure of voting results is part of the implementation of the "Rules for Public Fund Managers' Participation in Corporate Governance," which aims to enhance the role of public funds as active shareholders [6][7]. - The new regulations, effective from 2026, require public funds to disclose their voting activities annually, promoting transparency and accountability in corporate governance [6][8]. - The revised Company Law, effective July 2024, lowers the threshold for shareholder proposals from 3% to 1%, significantly reducing the cost of participation in governance [8]. Group 3: ESG and Responsible Investment - The article highlights the growing importance of ESG (Environmental, Social, and Governance) investments, with public funds beginning to establish dedicated ESG roles and frameworks to enhance their governance participation [10]. - Despite the increasing focus on ESG, the number of newly established funds explicitly categorized as ESG or environmental protection-themed remains low, indicating potential growth opportunities in this sector [10].

Core Viewpoint - The article discusses the escalating tensions between Iran and the U.S., particularly focusing on military actions and their implications for global markets, especially oil prices and the S&P 500 index. Group 1: Iran's Military Actions - Iran's armed forces have announced significant actions in the Strait of Hormuz, warning that any attack on its infrastructure will lead to retaliation against critical U.S. and Israeli facilities [1][2] - Following an attack on Iran's Natanz nuclear facility by the U.S. and Israel, Iran emphasized its right to self-defense and maintaining regional security [2] Group 2: Market Reactions and Predictions - JPMorgan has lowered its S&P 500 index target from 7500 to 7200 points due to uncertainties stemming from the Iran conflict, predicting that disruptions in oil transport through the Strait of Hormuz could compress corporate profits and slow economic growth [4] - The S&P 500 index has experienced a decline of 1.51%, reaching its lowest level in six months, marking the longest consecutive weekly drop in over a year [4] Group 3: Oil Price Implications - The ongoing conflict has led to a significant increase in oil prices, with Brent crude rising over 50% this month, and the price of Abu Dhabi's Murban crude doubling [5] - JPMorgan analysts predict that if oil prices remain around $110 per barrel, the consensus earnings expectations for the S&P 500 could be adjusted down by 2% to 5% [5] - Concerns about rising oil prices are compounded by the potential for long-term disruptions in the Strait of Hormuz, which typically handles 20% of global oil transport [5][6] Group 4: Political and Economic Impact - Rising fuel prices due to the conflict are putting pressure on the U.S. administration and the Republican Party ahead of the midterm elections, potentially affecting their control in Congress [6] - Analysts warn that prolonged disruptions could push oil prices to $200 per barrel, exacerbating recession risks and tightening global energy supplies [6]

Macro Dynamics - The Central Cyberspace Administration of China is guiding platforms to standardize short video content labeling to prevent misinformation and maintain social order [2] Financial Institutions - Changxin Fund has appointed Xiao Jian as the new chairman, succeeding Liu Yuanrui, who will continue as a board member. This change is part of a normal personnel adjustment and reflects a strategic focus on asset management [6] - Gansu Rural Commercial Bank has officially opened, marking the first provincial-level rural commercial bank established this year, with a registered capital of 44.9 billion yuan. This development is seen as a significant breakthrough in rural credit cooperative reform [7] Market Data - U.S. stock markets experienced a collective decline, with the Dow Jones down 0.96%, the Nasdaq down 2.01%, and the S&P 500 down 1.51%. This marks the longest consecutive weekly decline since February 2023 [8] - Gold prices have dropped significantly, with spot gold falling 3.42% to $4,491.67 per ounce, marking a cumulative decline of approximately 10.49% this week [12] Company Dynamics - Several airlines, including United Airlines, are reducing scheduled flights by 5% in response to rising fuel costs due to geopolitical tensions in the Middle East [11] - WeChat has introduced new features in its desktop version, including voice input, bulk message recall, and video playback speed options, aimed at enhancing user efficiency [10]

Core Viewpoint - The article discusses the ongoing tensions in the Middle East, particularly focusing on Iran's stance on the conflict and recent developments regarding oil supply and geopolitical risks [1][2]. Group 1: Iran's Position on the Conflict - Iran's Foreign Minister, Zarif, expressed that Iran seeks a complete and lasting end to the war rather than a temporary ceasefire, emphasizing the need for guarantees against future attacks and compensation for damages [2][3]. - Multiple countries are reportedly pushing for a ceasefire, but Iran is only considering a comprehensive solution to end the conflict [2]. Group 2: Regional Developments and Warnings - Iran has issued warnings to residents in the UAE's Haifa region, advising them to evacuate through designated routes due to potential military actions targeting Iranian islands [4][5]. - The Iranian Revolutionary Guard has threatened significant retaliation if Iranian islands are attacked again from the UAE [5]. Group 3: Impact on Oil Supply and Prices - Iran's oil ministry spokesperson stated that there is no remaining Iranian crude oil stranded at sea, and the U.S. has authorized a temporary release of approximately 140 million barrels of oil to the global market [6]. - The U.S. Treasury has approved a 30-day authorization for the sale of Iranian oil that is already on ships, which is part of a broader strategy to manage rising fuel prices amid ongoing conflicts [6][7]. - The International Energy Agency (IEA) announced a historic release of 400 million barrels of strategic oil reserves, doubling previous releases in response to supply disruptions and geopolitical risks [7].

Core Viewpoint - The article highlights the increasing trend of actively managed funds entering the ETF market, indicating a shift towards differentiated development in the ETF landscape, with a total market size of 5.1 trillion yuan as of March 20, 2023 [1][4]. Group 1: New ETF Launches - Xingsheng Global Fund has submitted its second ETF product, the Xingsheng National Value 100 ETF, just over two months after launching its first ETF [2]. - The National Value 100 Index is constructed by excluding securities with low trading volume and market capitalization, negative net profits, and low ROE metrics, focusing on the top 100 securities based on PE ratio and dividend yield [2]. - The top ten weighted stocks in this index include Gree Electric Appliances, Midea Group, and China Merchants Bank [2]. Group 2: Market Entry by Other Firms - Dongfanghong Asset Management has also entered the ETF space by submitting the Dongfanghong CSI Dongfanghong Dividend Low Volatility ETF, focusing on a niche segment of "dividend low volatility" [3]. - This strategy combines high dividend yields with low volatility, appealing to investors seeking stable returns during market fluctuations [3]. Group 3: Competitive Landscape and Differentiation - The ETF market is becoming increasingly competitive as more actively managed institutions enter, necessitating differentiation strategies to stand out [4]. - The consensus is forming that "whoever controls ETFs controls the market," making ETFs a crucial driver for public fund growth [4]. - The article emphasizes the need for "latecomer" public funds to address the challenge of achieving differentiation in a market with growing product homogeneity [4]. Group 4: Future Trends and Innovations - Industry experts suggest that the core strategy for developing unique indices is to identify promising niche areas within a mature market [5]. - There is significant potential for product innovation in the ETF space, including strategies like options for downside protection and transparent active ETFs [5]. - The Chinese ETF market is expected to expand into new areas, enhancing the diversity of risk-return profiles available to investors [5]. Group 5: Global Projections - Morgan Asset Management predicts that the global active ETF market could grow from approximately $1 trillion at the end of 2024 to $6 trillion by 2030, significantly outpacing passive ETFs [6]. - The analysis indicates that active ETFs can fill gaps in the fixed income sector, particularly in China's bond market, which is the second largest globally but has low ETF penetration [6].

Core Viewpoint - The Financial Regulatory Administration has reiterated the importance of diversifying capital supplementation for small and medium-sized financial institutions, indicating a strong policy signal to address the urgent need for capital enhancement in these institutions to mitigate financial risks [1][2]. Regulatory Focus on Capital Supplementation - The Financial Regulatory Administration has outlined a plan to promote capital supplementation for state-owned commercial banks and explore diversified methods for small and medium-sized financial institutions [2]. - This follows a series of discussions in previous years regarding the need for small banks to supplement their capital through various channels, with a renewed emphasis in 2025 on categorically addressing risks through capital supplementation, mergers, and market exits [2]. Factors Necessitating Capital Supplementation - Four key factors have driven the need for capital supplementation in small banks: 1. Capital adequacy ratios of small banks are consistently below the industry average, with some nearing regulatory limits [3]. 2. A narrowing net interest margin has weakened the internal capital generation capacity of these banks [3]. 3. The acceleration of industry consolidation and mergers in 2026 necessitates adequate capital for participation [3]. 4. The successful capital supplementation of large state-owned banks through special government bonds has created a precedent for similar actions for small banks [3]. Current Capital Supplementation Efforts - Over 40 small banks have actively sought to increase their registered capital through various means, including cash injections and capital reserves, as of March 18 this year [5]. - Notable capital increases include Shanxi Bank with over 1.4 billion yuan and several others exceeding 100 million yuan [6]. Effectiveness of Capital Supplementation Channels - Cash injections and targeted share placements are considered the most effective methods for capital supplementation, as they directly increase core tier one capital [7]. - The introduction of new shareholders or additional contributions from existing shareholders through cash injections is highlighted as a significant method for enhancing capital [7]. Potential for Special Bonds - There is a growing discussion around the regular issuance of local government special bonds to support capital supplementation for small banks, with suggestions for a structured approach at the provincial level [8]. - The use of special bonds for capital supplementation has been previously sanctioned, with 5.5 billion yuan issued from 2020 to 2022 for this purpose [8]. Challenges and Future Outlook - The likelihood of fully normalizing special bonds for capital supplementation is considered limited due to concerns over fiscal and financial risks [9]. - However, recent examples, such as the issuance of 26 billion yuan in special bonds by Jilin Province to support local banks, indicate a potential shift towards more structured support mechanisms [9]. - The regulatory environment is expected to evolve, potentially expanding the scope and purpose of special bonds to include mergers and restructuring [9][10].

Group 1 - The core point of the article is that China Southern Airlines reported an incident involving flight CZ3554, which encountered a bird strike shortly after takeoff from Shanghai Hongqiao to Shenzhen, leading to a safe return to the departure airport [1] - The airline followed strict procedures to handle the situation and ensured passenger safety as a top priority, expressing apologies for any inconvenience caused [1] - A contingency plan was activated promptly, and another aircraft was dispatched to continue the flight, demonstrating the company's commitment to customer service [1]

Core Viewpoint - The article discusses the need for standardized labeling of short video content on platforms to prevent misinformation and maintain social order, as the current lack of uniformity misleads public perception and pollutes the online ecosystem [1]. Group 1: Regulatory Actions - The Central Cyberspace Administration of China plans to guide platforms in standardizing short video content labeling, including defining required label types [1]. - Labeling will become a mandatory step in the short video publishing process, encouraging users to label their content [1]. - Existing short video content will undergo a phased review and additional labeling to ensure compliance [1]. Group 2: Platform Responsibilities - Major platforms such as Douyin, Kuaishou, Tencent, Xiaohongshu, Bilibili, and Weibo have taken responsibility by removing over 37,000 misleading videos and addressing more than 3,400 non-compliant accounts in the past month [1]. - These platforms have supplemented labels on over 600,000 short videos and issued 18 governance announcements, exposing numerous typical cases of violations [1]. - Platforms are optimizing the content labeling function by moving the labeling option to the primary page of the short video publishing interface for user convenience [1]. Group 3: Future Plans - The Central Cyberspace Administration will specify work requirements and timelines for nationwide implementation of standardized short video content labeling [1]. - There will be ongoing inspections and evidence collection to penalize accounts and platforms that fail to comply with labeling requirements, with public exposure of non-compliant entities [1].