百万用户都在看 突遭"断供"！美联储，大消息！ 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？ 暴涨1600点！日本股市，突然引爆！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 在回答"高市政权会推进怎样的对华政策"时，茂木表示，将在战略互惠关系基础上推进日中关系，通过对 话处理分歧。 茂木说："我们要通过对话，提出日本应有的主张，在可以合作的领域推动具体合作。我们继续推进战略 互惠关系，以及历届首脑与政府间建立起的各项合作关系。" 当地时间10月21日下午，日本自民党总裁高市早苗在临时国会众议院和参议院首相指名选举中胜出，当 选日本第104任首相，成为日本历史上首位女性首相。 当日，高市内阁名单正式公布，包括内阁官房长官木原稔、财务大臣片山皋月、防卫大臣小泉进次郎、总 务大臣林芳正、外务大臣茂木敏充等人。 综合自：参考消息、长安街知事 责编：罗晓霞 校 对：王锦程 据参考消息报道， 日本新任外务大臣茂木敏充10月22日在东京举行了就任后的首次记者会。 看券商中国 知天下财经 用 券中社 12 券商中国 × 券 中 社 扫码关注券商中国公众号 ...

Core Viewpoint - The A-share market is experiencing rapid style changes, indicating a shift in risk appetite among investors, with structural opportunities still present despite overall market weakness [2][8]. Market Dynamics - In the morning session on October 23, A-shares saw significant fluctuations, with Agricultural Bank initially rising over 2% before dropping more than 1%, impacting the performance of dividend assets [2][4]. - The market remains weak overall, with the new energy sector leading the rebound, particularly in lithium and photovoltaic stocks, with companies like Shengxin Lithium Energy rising by 8% [2][4]. Policy and Industry Insights - The Ministry of Industry and Information Technology emphasized the importance of technological innovation in the new energy battery sector, suggesting a focus on solid-state batteries and metal-air batteries [5]. - Recommendations include enhancing supply chain resilience and encouraging R&D in lithium resource recovery and application in various industries [5]. Lithium Price Trends - The price of battery-grade lithium carbonate increased by 1,500 yuan to an average of 77,600 yuan per ton, marking a rebound after a period of fluctuation [6]. - The price of industrial-grade lithium carbonate also saw increases, with a 2.81% rise compared to October 14 [6]. Future Market Outlook - Analysts suggest that structural opportunities may persist, with potential shifts towards sectors like brokerage and agriculture in the near future [8]. - The current market shows significant differentiation between growth and value styles, with growth stocks, particularly in TMT, outperforming value indices by 81% [8][9]. - Historical patterns indicate that style switching in bull markets is often triggered by changes in fundamental expectations and valuation disparities [8].

同时，南方基金在ETF业务全链条持续锤炼核心能力，在研究开发、投资运作、系统支持、风险管理、产品销售等领域积淀深厚经验：依托自主研发的"智能化ETF 投资管理系统"，截至2024年底南方基金旗下被动指数基金近三年规模加权跟踪误差仅0.38%，位列全行业第一；作为业内最早应用做市商制度的基金公司之一，南 方基金已形成完备的做市商量化考核机制，与多家业内知名的做市商机构开展深度合作，百亿资金便利进出。此外，南方基金还同步提供衍生品工具支持（如股指 期货、ETF期权策略适配）与指数策略编制研究，为合作券商及投资者提供全场景服务支撑。 强化联动，携手提升投资者获得感 ▲南方基金副总经理 侯利鹏 关于后续公募基金与券商在财富管理业务上的合作计划，南方基金侯利鹏强调未来将提供更精准的产品支持、共享更专业的投顾资源、搭建更高效的合作平台。 南方基金副总经理侯利鹏日前在2025中国证券业财富经纪论坛上表示，财富管理市场正处在"从规模扩张向质量深耕"的转型关键期，以ETF为代表的长期资金正 为股票市场持续注入活水，南方基金未来将通过提供更精准的产品支持、共享更专业的投顾资源、搭建更高效的合作平台，进一步强化与券商伙伴的联动，携 ...

制裁获得全部欧盟成员国的批准后，欧盟委员会将在接下来几天内正式在《欧盟官方公报》上公布相关法律文 本，届时第19轮制裁将正式生效。 来源：央视新闻客户端 责编：罗晓霞 校 对：王锦程 百万用户都在看 突遭"断供"！美联储，大消息！ 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？ 暴涨1600点！日本股市，突然引爆！ 美财政部将制裁俄两大石油公司 当地时间22日，美国财政部宣布将对俄罗斯两家大型石油公司实施制裁，包括俄罗斯石油公司和卢克石油公 司。 美国财政部还制裁了这两家公司在俄的一系列子公司，所有由这两家公司直接或间接拥有50%或以上股权的实 体将被制裁。 欧盟成员国批准对俄罗斯实施第19轮制裁 当地时间10月22日，欧盟轮值主席国丹麦宣布，欧盟各成员国已批准对俄罗斯实施第19轮制裁，制裁措施包括 禁止进口俄罗斯液化天然气等。 据悉，制裁还新增了对俄罗斯外交官的旅行限制，并将俄罗斯"影子舰队"中的117艘船只列入名单。 看券商中国 知天下财经 用 券中社 12 券商中国 × 券 中 社 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 ...

Core Viewpoint - Recent fluctuations in precious metal prices have led several banks to issue risk alerts and increase the investment threshold for gold accumulation products to above 1000 yuan [1][2]. Group 1: Market Trends - There has been a noticeable increase in the popularity of gold investments, with a rise in customer inquiries and purchases of related products [2]. - On October 21, Industrial Bank announced an adjustment to its gold accumulation business, raising the minimum purchase amount from 1000 yuan to 1200 yuan for monetary transactions, while maintaining a minimum of 1 gram for weight-based transactions [2]. - Similarly, Ping An Bank announced an increase in the minimum investment amount for its gold accumulation plan from 900 yuan to 1100 yuan, effective from October 24, 2025 [2]. Group 2: Risk Management - Banks are adjusting the minimum investment amounts in response to rapid increases in gold prices, which serves as a risk alert for investors [2][3]. - A number of banks, including China Construction Bank, have issued multiple risk warnings regarding gold prices since late September, with the latest warning on October 17 [2][3]. - Financial institutions are emphasizing the importance of risk awareness among clients, particularly regarding the non-refundable nature of gold products once sold [3]. Group 3: Market Dynamics - On October 21, the international precious metals market experienced significant adjustments, with notable declines in gold and silver prices due to various factors, including profit-taking and shifts in macroeconomic policy expectations [3]. - The global political, military, and economic landscape remains complex, suggesting that gold will continue to have strong safe-haven attributes, although high volatility in gold prices is expected [4].

Core Viewpoint - The company formerly known as 易联支付 (Easy Union Payment) has officially changed its name to 派安盈支付 (Payoneer Payment) as part of a broader restructuring and acquisition process by the international fintech company Payoneer [1][5]. Group 1: Company Name and Management Changes - The name change from 易联支付有限公司 to 派安盈支付（广东）有限公司 was officially registered on October 17, 2025 [1]. - The legal representative has changed from 谭威强 to James Richard Allum, with several board members and executives exiting the company [2]. Group 2: Business Scope and Operations - The original business scope included internet payment, enterprise management services, and various IT support services, while the new scope focuses on non-bank payment services and second-class value-added telecommunications services [3]. - The updated business structure emphasizes the company's fintech service attributes, aligning more closely with its international parent company, Payoneer [3]. Group 3: Acquisition and Market Position - The completion of these changes marks the full integration of 易联支付 into Payoneer, which is now the third foreign payment platform authorized to provide online payment services in China [5]. - Payoneer, headquartered in New York and listed on NASDAQ, aims to enhance its global compliance infrastructure through this acquisition [5].

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 四十九，敬请垂注。 近年来，作为坚定践行金融强国战略的积极力量，联储证券以青岛为根据地，以"新财富管理"和"资本投行"为 双轮驱动，持续锻造专业投资能力，在数字金融、养老金融、科技金融等重点领域取得突破性进展。 据联储证券总经理张强介绍，该公司创新构建"守护+"养老金融服务体系，护航银发群体安享晚年；以科技引 擎重塑数字金融新生态，将交易效能提升百倍；以并购赋能产业升级新格局，助理行业龙头重塑生态，展现出 综合金融服务能力。 构建"守护+"养老金融服务新体系 在人口老龄化加速演进的当下，如何让银发群体的财富管理需求得到专业而精准的回应，已成为金融机构 面临的重要课题。最新数据显示，2025年我国银发经济规模将达到9万亿元，预计20 ...

Core Viewpoint - The Federal Reserve faces a significant information gap as ADP Research has ceased providing employment data, which covers approximately 20% of the U.S. private sector workforce, amid a government shutdown that has already limited official economic data availability [2][4]. Group 1: Impact of ADP Data Suspension - ADP Research stopped supplying employment data to the Federal Reserve on August 28, which was previously referenced by Fed Governor Waller in a speech [4]. - The suspension of ADP data further complicates the Fed's ability to gauge the labor market in real-time, especially with the government shutdown halting most economic data releases [4][5]. - The Fed's data framework relies heavily on official data, third-party polls, and internal models, making the loss of ADP data particularly impactful [4]. Group 2: Interest Rate Expectations - Market expectations for a 25 basis point rate cut by the Federal Reserve on October 29 have risen significantly, with a 96.7% probability according to CME FedWatch [2][8]. - A survey of 117 economists indicated that 115 expect a 25 basis point cut, while some predict further cuts in December [8]. - The uncertainty surrounding future interest rates is heightened by speculation about the potential end of Fed Chair Powell's term in May 2024, leading to varied predictions for rates by the end of next year [8][9]. Group 3: Broader Economic Context - The ongoing pressure from President Trump for substantial rate cuts has raised concerns about the Fed's independence, with risks of over-lowering rates becoming more pronounced [10]. - Analysts suggest that the Fed may announce a halt to balance sheet reduction during the upcoming policy meeting, with potential for future bond purchases if year-end pressures escalate [8].

Core Viewpoint - The article discusses President Trump's denial of a report by The Wall Street Journal regarding the U.S. approval for Ukraine to use Western-supplied long-range missiles to strike deep into Russian territory [1][2]. Group 1 - Trump stated that the report claiming the U.S. has lifted a key restriction allowing Ukraine to use certain long-range missiles is false [1][2]. - According to The Wall Street Journal, U.S. officials indicated that the Trump administration had indeed removed a significant limitation, enhancing Ukraine's ability to target within Russia [2].

Core Viewpoint - The article highlights the ongoing technological competition driven by AI, particularly focusing on the developments in the Hong Kong stock market and the increasing interest from capital in the tech sector, which is seen as a key area for investment opportunities [2][3][10]. Group 1: Technological Developments - OpenAI's 2025 Developer Conference showcased various tools and models, indicating a strong push against major tech companies like Apple and Google [2]. - Chinese companies are demonstrating global leadership in innovation, particularly in AI, which is attracting significant capital to the Hong Kong tech sector [2][3]. - The Hang Seng Technology Index ETF (513180) has seen its scale increase to 44.391 billion yuan, a rise of 214.16 billion yuan since the beginning of the year [2]. Group 2: Market Dynamics - The Hong Kong stock market has experienced a significant increase in IPO financing, reaching 192.051 billion HKD, a year-on-year growth of 233.57% [4]. - Southbound capital has seen a net inflow exceeding 1.21 trillion HKD this year, indicating strong investor interest [4][5]. - The valuation of Hong Kong tech stocks remains attractive compared to their US counterparts, with the Hang Seng Technology Index ETF and the Hong Kong Stock Connect Technology ETF trading at P/E ratios of 25.49 and 22.85, respectively [8]. Group 3: Investment Opportunities - The article emphasizes the potential for investment in AI applications, smart driving, and innovative pharmaceuticals, with Chinese companies leading in these sectors [13]. - The Hong Kong tech sector is positioned as a valuable entry point for global capital seeking to invest in China's core assets [6][10]. - The ongoing revaluation of Hong Kong stocks is driven by strong performance in the tech and consumer sectors, which now account for a significant portion of the market [11][12]. Group 4: Future Outlook - The article suggests that the Hong Kong tech sector is on the verge of a new growth phase, supported by favorable macroeconomic conditions and a shift in global capital flows [15][16]. - The potential for a new narrative to catalyze further investment in the tech sector is highlighted, with specific ETFs gaining popularity among investors [17]. - The Hang Seng Technology Index ETF and the Hong Kong Stock Connect Technology ETF are expected to benefit from the ongoing trends in AI and smart driving, positioning them for long-term growth [18].