超级赛道迎来利好政策。 今日，广东省人民政府办公厅印发《广东省支持低空经济高质量发展若干措施》（以下简称《若干措施》）的 通知，其中提出，推动省级低空空域管理改革，加快建设省综合飞行服务平台和广州、深圳、珠海等飞行服务 站，提升空域协同运行管理与服务能力。加大对低空经济企业上市培育力度，支持符合条件的优质企业境内外 上市。 近年来，低空经济相关政策逐步细化，行业日渐走向成熟，行业规模不断扩大。据中国民航局预测，2025年中 国低空经济市场规模将达1.5万亿元，2035年有望突破3.5万亿元。有券商机构指出，国家战略聚焦低空经济新 赛道，各地相继出台低空经济发展纲领性政策。从应用场景来看，低空物流、低空文旅等应用场景先行，其他 领域亦在积极探索过程中。 广东最新发布 10月24日，广东省人民政府办公厅印发《广东省支持低空经济高质量发展若干措施》的通知，提出了16条具体 举措，打造全国领先的低空经济产业发展高地。 《若干措施》提出，加快空域资源释放与安全高效利用。坚持"先易后难、因地制宜"原则，科学规划并动态优 化省内低空航路航线网络。推动省级低空空域管理改革，加快建设省综合飞行服务平台和广州、深圳、珠海等 飞行 ...

Core Viewpoint - The conference focused on "Global Asset Allocation in a New Landscape," bringing together experts and institutional investors to explore new paradigms in global asset allocation [1] Group 1: Conference Highlights - The conference featured a welcome speech by Geng Xuling, emphasizing the importance of global vision and innovation in asset allocation, aiming to enhance client investment experiences [3] - Wang Yiming discussed the macroeconomic situation and the importance of high-quality development and expanding domestic demand in the context of the 14th Five-Year Plan [5] - Su Gang from China Pacific Insurance highlighted the long-term investment value of Chinese assets amid global economic challenges and shared asset allocation methodologies [5] Group 2: Investment Strategies - Fan Hua from BlackRock outlined the principles of asset allocation, emphasizing risk premium, diversification, and managing macro risks in a low-interest-rate environment [7] - Ye Lijian from浦银理财 discussed the shift in China's economic model and the importance of multi-strategy asset allocation in the current low-interest-rate context [9] - The conference introduced a new asset allocation service by Guotai Junan, focusing on a standardized six-step process to enhance wealth management [11] Group 3: Roundtable Discussions - The first roundtable discussed global asset allocation under innovation, with experts noting the need to balance opportunities and risks amid international trade tensions [11] - The second roundtable focused on ETF practices in a low-interest-rate environment, highlighting the growing importance of asset allocation and the efficiency of ETFs [13] - The third roundtable featured top private equity managers discussing investment opportunities and strategies in the current market conditions [14] Group 4: Future Outlook - Guotai Junan aims to build an internationally influential asset allocation platform by 2025, focusing on the construction of a global asset management center in Shanghai [14]

Core Viewpoint - The People's Bank of China (PBOC) is set to inject 900 billion yuan through a Medium-term Lending Facility (MLF) operation on October 27, marking the eighth consecutive month of increased MLF operations to maintain liquidity in the banking system [1][3]. Group 1: MLF Operations - The PBOC will conduct the MLF operation with a fixed amount and interest rate bidding, with a one-year term [1]. - In October, 700 billion yuan of MLF is maturing, resulting in a net injection of 200 billion yuan for the month [1]. - The MLF has transitioned back to a liquidity provision tool since March, with a focus on maintaining ample liquidity and stabilizing expectations for financial institutions [3]. Group 2: Market Liquidity Tools - The PBOC has also conducted two reverse repos in October, resulting in a total net injection of 400 billion yuan [3]. - Combined, the MLF and reverse repos have released 600 billion yuan of medium-term liquidity in October, consistent with the previous month [3]. - The PBOC is expected to continue using both reverse repos and MLF to inject liquidity into the market [4]. Group 3: Bidding Mechanism Improvements - The MLF bidding mechanism has been improved, allowing for pre-announcement of bidding results, which helps institutions prepare for liquidity needs [3]. - The multi-price bidding method allows institutions to determine bidding rates based on demand, enhancing market-driven pricing capabilities [3].

据央视新闻消息， 记者今天（24日）从应急管理部获悉， 2025年10月18日，"辽绥渔35261"船在辽宁 大连长兴岛海域倾覆，造成10人失联。根据《重大事故查处挂牌督办办法》，国务院安委会决定对该起 重大事故查处挂牌督办。 来源：央视新闻 用 券中社 12 券商中国 × 券 中 社 责编： 刘珺宇 校 对： 王蔚 扫码关注券商中国公众号 扫码下载 券 中 社 A P P quanshangcn 舞#t 券中社APP qzs.stcn.com 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 。 百万用户都在看 中央重磅部署！刚刚，权威解读来了！ 突遭"断供"！美联储，大消息！ 暴涨40%！一份财报，意外引爆！ 刚刚，利好来了！深圳，重磅发布！ 深夜，暴跌！黄金急速跳水，发生了什么？ 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 ...

Macro Dynamics - The Chinese Foreign Ministry strongly condemned the U.S. for cyberattacks on China's national timing center, asserting that the U.S. is the world's largest source of cyberattacks and urging it to cease such actions [2] Financial Institutions - Huatai Securities announced that Cui Chun has resigned as the chairman of Huatai Asset Management Company, with Jiang Xiaoyang taking over the role [8][9] Market Data - On October 24, A-shares saw collective gains, with the Shanghai Composite Index rising by 0.71%, the Shenzhen Component Index by 2.02%, and the ChiNext Index by 3.57%. The total trading volume reached approximately 1.97 trillion yuan, an increase of about 330.3 billion yuan from the previous trading day [10] - The Hong Kong stock market also experienced gains, with the Hang Seng Index up by 0.74% and the Hang Seng Tech Index by 1.82%. The semiconductor sector saw significant increases, with stocks like Huahong Semiconductor rising over 13% [11] Company Dynamics - Changjiang Electric Power announced that its controlling shareholder, China Three Gorges Group, has received a loan commitment letter for a special loan not exceeding 7.2 billion yuan to support stock repurchases [12] - Greeenme announced a strategic cooperation with Xiamen XTC New Energy Materials Co., aiming to establish a long-term partnership in the field of solid-state lithium battery materials, with an expected supply of 450,000 tons over three years [13] - San Chuan Wisdom reported a 269% year-on-year increase in net profit for Q3, despite a 25.53% decline in revenue for the first three quarters of 2025 [15]

Core Viewpoint - The meetings held by the People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) emphasized the importance of implementing the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on financial stability and supporting high-quality economic development through strategic planning and policy measures [2][8]. Group 1: People's Bank of China (PBOC) Insights - The PBOC highlighted the effectiveness of monetary policy measures in stabilizing employment, enterprises, and market expectations, contributing to economic growth [2][3]. - The meeting underscored the importance of a unified leadership in financial work and the need for strict adherence to the Party's directives, emphasizing the establishment of a high-quality cadre team [4]. - A scientific and robust monetary policy framework is to be constructed, balancing short-term and long-term goals while ensuring the health of the financial sector [5]. - The PBOC aims to deepen financial supply-side structural reforms, focusing on technology finance, green finance, and digital finance to enhance service to the real economy [6]. Group 2: China Securities Regulatory Commission (CSRC) Insights - The CSRC recognized the significance of the 20th Central Committee's Fourth Plenary Session in guiding the next five years of economic and social development, emphasizing the need for a strategic approach [8][9]. - The CSRC aims to enhance the resilience and risk resistance of the capital market, fostering high-quality listed companies and improving market stability mechanisms [11]. - The regulatory body plans to deepen reforms in various market segments, including the Sci-Tech Innovation Board and the Growth Enterprise Market, to enhance market inclusivity and adaptability [11]. - The CSRC is committed to strengthening party discipline and governance within its ranks, ensuring effective supervision and accountability [12].

Core Viewpoint - The recent surge in the issuance of public funds, particularly the rapid fundraising of FOF products, indicates a recovery in market liquidity and investor sentiment, reflecting a strong trust in stable assets and skilled fund managers [2][3][6]. Group 1: Fund Issuance Trends - On October 23, Huatai-PineBridge Yingtai Stable 3-Month Holding FOF announced the early closure of its fundraising period on its first day, marking it as another "daylight fund" [1][3]. - Multiple funds have recently completed fundraising on their first day, showcasing a resurgence of "daylight funds" in the market [2][3]. - The early closure of funds like the China Europe Value Navigator Fund and Penghua Manufacturing Upgrade Fund indicates sustained investor enthusiasm, with the latter attracting over 2 billion yuan in just two days [3][4][5]. Group 2: Performance and Market Sentiment - The emergence of "daylight funds" reflects ample market liquidity and a rebound in investor risk appetite, as seen with the performance of several FOF products [6][7]. - The Morgan Yingyuan Stable 3-Month Holding FOF, launched on August 7, was the first public FOF to complete fundraising in one day since 2025, with a total initial scale of 27.52 billion yuan [6]. - High-performing FOFs have shown impressive returns this year, with notable examples including Guotai's Preferred Navigator Fund achieving a total return of 72.83% [6][7]. Group 3: Future Outlook - The current trend indicates that FOF products are moving away from a previous "wait-and-see" phase, with a new influx of funds focusing on stable asset allocation and multi-asset strategies [7]. - The combination of declining interest rates and an optimized asset allocation structure among residents suggests a promising future for FOF products [7].

用 券中社 12 券商中国 × 券 中 社 百万用户都在看 中央重磅部署！刚刚，权威解读来了！ 突遭"断供"！美联储，大消息！ 暴涨40%！一份财报，意外引爆！ 刚刚，利好来了！深圳，重磅发布！ 深夜，暴跌！黄金急速跳水，发生了什么？ 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 10月24日，外交部发言人郭嘉昆主持例行记者会。有记者就APEC会议期间中美元首是否举行会晤提问。 郭嘉昆表示，中美双方就两国元首会晤保持着密切沟通，如有进一步消息中方将及时发布。 来源：央视新闻 责编： 王璐璐 校 对：祝甜婷 扫码关注券商中国公众号 扫码下载 券 中 社 A P P quanshangcn 舞#t 券中社APP qzs.stcn.com 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 。 ...

责编： 王璐璐 校 对： 王蔚 百万用户都在看 中央重磅部署！刚刚，权威解读来了！ 突遭"断供"！美联储，大消息！ 暴涨40%！一份财报，意外引爆！ 刚刚，利好来了！深圳，重磅发布！ 深夜，暴跌！黄金急速跳水，发生了什么？ 宗馥莉辞职风波后，经销商到底是重新启用"娃哈哈"还是单干"娃小宗"终于有了答案。 据山东娃哈哈经销商证实，已经接到宗馥莉所控股的宏胜系业务员通知，要求经销商打款缴纳保证金，明年继 续销售"娃哈哈"品牌产品。 综合自：第一财经、澎湃新闻 券商中国 × 券 中 社 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 扫码关注券商中国公众号 扫码下载 券 中 社 A P P quanshangcn 舞#t 券中社APP qzs.stcn.com 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 用 券中社 12 ...

Core Viewpoint - The Jiangsu Province Urban Football League ("Su Super") has become a phenomenon, surpassing professional leagues in public interest and showcasing the potential of local sports, culture, tourism, consumption, and public services [1] Group 1: Su Super's Impact - The success of "Su Super" has inspired other provincial leagues such as "Gan Super," "Xiang Super," and "Chuan Super," igniting enthusiasm for local industry competitions [2] - From mid-August to mid-October, Jiangsu's rural commercial banks held their own "Su Super" - the Jiangsu Rural Commercial Bank System Employee Football League, featuring over 100 matches among 61 banks [2][5] - Jiangnan Rural Commercial Bank, the largest in terms of asset size in Jiangsu, won the championship on October 19, defeating Changshu Rural Commercial Bank in a penalty shootout [2][6] Group 2: Financial Institutions and Community Engagement - The Jiangsu Rural Commercial Bank system consists of 61 banks, with six successfully listed on A-share or SME boards, making it the region with the most listed rural commercial banks in China [3] - The league emphasized inclusive finance, with each bank representing local support for small and micro enterprises and agricultural development [6] - The event attracted 600,000 online viewers and facilitated 103 exchange activities among participating teams [6] Group 3: Cultural and Regional Significance - The "Su Super" phenomenon is closely tied to local cultural narratives, such as rivalries between cities like Nanjing and Suzhou, and Xuzhou and Suqian [6] - The matches featured friendly competition, with banks engaging in pre-match correspondence to maintain camaraderie [6][7] - Both Jiangnan and Changshu Rural Commercial Banks expressed their commitment to inclusive finance and rural revitalization in their communications [8] Group 4: Player Profiles and Business Development - Players from the rural commercial banks gained significant attention, with two players, Xiao Xuhui and Wang Haining, being highlighted as "Su Super Stars" [9] - Wang Haining, a client manager at Jiangnan Rural Commercial Bank, successfully expanded his client base through connections made during the league, achieving a credit balance of 18.92 million yuan [10] - The small micro-loan division of Jiangnan Rural Commercial Bank, which Wang is part of, reached a loan balance of 2 billion yuan by July 2024 [10]