Core Viewpoint - Liu Dachao has been appointed as the new Vice President of Jianxin Fund, marking a significant leadership change in the company as it approaches its 20th anniversary [2][10]. Group 1: Company Overview - Jianxin Fund, established in September 2005, is one of the first bank-affiliated fund companies in China, with total assets under management reaching 1.43 trillion yuan and public fund management scale at 928.3 billion yuan as of mid-2025 [3][11]. - The company has been focusing on high-quality development and transformation, enhancing its non-monetary fund layout and improving the performance of rights-bearing products [3][13]. Group 2: Leadership Change - Liu Dachao, who has been with China Construction Bank since July 2003, has extensive experience in fund custody and has been appointed as Vice President of Jianxin Fund [6][7]. - His appointment follows the departure of Gong Yongyuan, who left the position of Vice President and Chief Financial Officer due to other work arrangements [8]. Group 3: Product Development - In the first half of this year, Jianxin Fund made significant strides in the differentiated layout of passive products, particularly with its innovative Sci-Tech ETF product matrix, which has garnered market attention [4][13]. - The company launched 10 new products this year, covering various categories including active and passive rights-bearing products, further enriching its non-monetary product system [13]. Group 4: Performance Metrics - Jianxin Fund has shown strong performance in active stock investment management, ranking 9th out of 95 in the industry over the past five years and 9th out of 75 over the past seven years [14]. - Several funds have performed exceptionally well, with eight funds ranking in the top 10% for one-year net asset value growth and six funds achieving similar rankings over two and five years [14].

Core Viewpoint - The recent news regarding the former official Jing Yaping allegedly mining 327 bitcoins has been debunked as a rumor, with official sources clarifying that the case does not involve bitcoin at all [4]. Group 1: Background of Jing Yaping - Jing Yaping, born in August 1964, has a background in management with a doctoral degree and has held various positions in the Guizhou provincial government, including Director of the Guizhou Provincial Big Data Development Management Bureau [5]. - She served as the Deputy Director of the Guizhou Provincial Big Data Bureau in December 2016, and later became the Director of the Guizhou Provincial Big Data Development Management Bureau in November 2021 [5]. Group 2: Allegations and Disciplinary Actions - Jing Yaping has been accused of serious violations of party discipline and corruption, including accepting gifts that could influence her official duties and engaging in power-for-money transactions [5]. - The Guizhou Provincial Commission for Discipline Inspection has decided to expel her from the party and public office, confiscate her illegal gains, and transfer her case to the judicial authorities for prosecution [5].

Core Viewpoint - Recent concerns have arisen regarding the safety of Xiaomi's smart door lock 2Pro after a user reported that it mistakenly recognized a delivery person’s face and automatically unlocked the door, prompting an investigation by the company [1][4]. Group 1 - A user reported that on August 10, a male delivery person was able to unlock the Xiaomi smart door lock 2Pro due to incorrect facial recognition [4]. - Xiaomi's customer service stated that technical personnel are involved in resolving the issue and that the situation is under investigation [4]. - The smart door lock is priced at 1999 yuan and utilizes AI 3D structured light facial recognition technology, which is claimed to meet national standards for door locks [4]. Group 2 - The product features include a 3D live body anti-fake detection system to prevent attacks using photos or videos, and a default 15-second sleep mode after locking to avoid accidental unlocking [4]. - Xiaomi reassured consumers that such incidents are not common and that a software upgrade will be implemented in response to the issue [1][4].

Core Viewpoint - The decision of whether *ST Tianmao will voluntarily delist is crucially dependent on the votes of minority shareholders holding less than 5% of the shares, as they will play a key role in the upcoming shareholder meeting [5][8]. Group 1: Shareholder Meeting and Delisting Proposal - *ST Tianmao will hold its first extraordinary general meeting of 2025 on August 25 to discuss the proposal for voluntary delisting [3][10]. - The stock will be suspended from trading starting August 14, 2025, following the registration date for shareholders [3][10]. - The proposal requires approval from two-thirds of the voting rights of all shareholders and two-thirds of the voting rights of minority shareholders [6][10]. Group 2: Current Financial Situation and Risks - The company has not released its 2024 annual report, which poses a risk of being forced to delist [12][13]. - If the company fails to disclose the required annual report within two months after being warned, it will face mandatory delisting [14]. - The stock has been under risk warning since July 8, 2025, due to the failure to disclose financial reports [12][14]. Group 3: Shareholder Dynamics and Cash Option - As of July 18, 2025, *ST Tianmao had approximately 111,900 shareholders, with a significant portion being minority shareholders [9][8]. - A cash option is being offered to all shareholders, including dissenting ones, at a price of 1.60 yuan per share, which provides a potential exit strategy for investors [10][16]. - Following the announcement of the voluntary delisting, the stock price increased nearly 9%, closing at 1.58 yuan per share on August 13, 2025, just below the cash option price [10][16].

Core Viewpoint - The rapid growth of the Sci-Tech Bond ETF market, with the first product surpassing 20 billion yuan, reflects strong investor demand and the effectiveness of public funds in index investment [2][3][5][7]. Group 1: Market Overview - As of August 13, the total scale of the 10 Sci-Tech Bond ETFs has exceeded 115.6 billion yuan, with 8 of them entering the "billion club" [3][6]. - The overall bond ETF market has surpassed 530 billion yuan, marking a significant increase from 174 billion yuan at the beginning of the year, representing a growth of over 208% [9][11]. - The first batch of 10 Sci-Tech Bond ETFs was launched on July 10, with an initial fundraising scale of nearly 29 billion yuan, which helped push the total bond ETF market above 400 billion yuan [6][9]. Group 2: Performance of Individual ETFs - The leading Sci-Tech Bond ETF from Harvest Fund has reached a scale of 20.22 billion yuan, followed by Huaxia and Fortune ETFs at 15.35 billion yuan and 15.18 billion yuan, respectively [5][6][7]. - The average daily turnover rate of the 10 Sci-Tech Bond ETFs is over 55%, with an average daily trading volume exceeding 5.6 billion yuan [6][7]. Group 3: Investment Focus and Strategy - Sci-Tech Bond ETFs primarily target cutting-edge sectors such as semiconductors, artificial intelligence, and new energy, aligning with national technology innovation strategies [7]. - The design of Sci-Tech Bond ETFs includes a T+0 trading mechanism and a physical redemption model, enhancing trading flexibility [6][7]. Group 4: Factors Driving Growth - The rise of passive bond investment is attributed to several factors, including declining interest rates making active investment more challenging, high transparency and low fees of passive products, regulatory support for the bond ETF market, and continuous product innovation by fund companies [11].

盘中突变！超4200只股下跌 灾害发生后，称杆边境派出所联合当地消防等职能部门紧急疏散居民群众，截至今日 （8月14日）10时， 已安全转移重点受灾群众10户23人 。目前3台大型机械已进场， 抢险救援工作仍在进行，具体受灾情况正在统计中。 来源：央视新闻客户端 8月13日傍晚，云南省怒江州持续强降雨天气导致部分地区出现滑坡泥石流等灾害，泸 水市称杆乡堵堵洛村多栋房屋受损， 已发现一人遇难，并有人员失联 。 ...

Core Viewpoint - The stock ETF market experienced a net outflow of approximately 2.8 billion yuan on August 13, despite the A-share indices collectively rising, indicating a "sell on strength" sentiment among investors [2][4]. Summary by Sections Stock ETF Market Overview - As of August 13, the total scale of 1,171 stock ETFs reached 3.89 trillion yuan, with a total trading volume of 215.12 billion yuan, an increase of nearly 48.8 billion yuan or about 30% compared to the previous day [4]. - The total number of stock ETF shares decreased by 443.8 million, leading to a net outflow of approximately 2.8 billion yuan [4]. Fund Flow Analysis - Industry ETFs saw the largest net outflow, totaling 3.04 billion yuan, with the ChiNext Index ETF leading the outflows at 1.245 billion yuan [4]. - Specific ETFs with significant outflows included the ChiNext ETF (-989 million yuan), Military Industry ETF, Sci-Tech 50 ETF, and Semiconductor ETF, each with outflows exceeding 400 million yuan [4][6]. Market Sentiment and Outlook - According to Huaxia Fund, the market sentiment is mixed as the Shanghai Composite Index approaches 3,700 points, with some investors optimistic about a bull market while others express concerns about potential declines [5]. - Despite short-term outflows, Huaxia Fund believes the ChiNext Index is undervalued and has potential for valuation recovery, benefiting from new productivity developments [5]. - According to招商基金, macro risks are relatively controllable, and the downtrend in risk-free interest rates along with the influx of new capital into the market supports a positive mid-term outlook for A-shares [5]. ETF Performance - In contrast to the overall outflows, certain ETFs in the Hong Kong market saw inflows, with a total of 1.424 billion yuan flowing into Hong Kong market ETFs [8]. - The top inflow sectors included the CSI 300 Index (1.13 billion yuan), CSI 1000 Index (1.09 billion yuan), and the Shanghai 50 Index (1.04 billion yuan) [10].

来源： 中国新闻社综合自 "廉洁龙江"微信公众号、北京日报、"长安街知事"微信公众号、鸡西公安 据"廉洁龙江"微信公众号8月13日消息，日前，黑龙江省纪委监委对哈尔滨市公安局原二级巡视员于涛 严重违纪违法问题进行了立案审查调查。 经查，于涛身为公安系统党员领导干部，丧失理想信念，背弃初心使命， 对党不忠诚、不老实，表里 不一，做两面人，培植个人势力 ，处心积虑对抗组织审查，搞迷信活动； 罔顾中央八项规定精神， 违规设立私人会所宴请他人 ； 违背组织原则，不按规定报告个人有关事项， 在民主推荐中搞拉票助选 ，违规为本人、亲属及他人谋 取人事利益并收送钱款； 廉洁底线失守，违规收送礼品礼金，接受私营企业主为亲属提供的旅游安排； 擅权妄为 ，利用职权或职务上的影响为亲属的经营活动谋取利益，利用职权为他人谋取利益，亲属收 受财物； 缴其违纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。 公开资料显示，于涛出生于1962年6月，长期在哈尔滨公安系统工作，曾任呼兰区公安分局局长、市公 安局刑事侦查支队支队长等职，2011年12月任市公安局副局长。 2019年3月，于涛任哈尔滨市公安局巡视员。202 ...

Core Viewpoint - The A-share market experienced a mixed performance with the Shanghai Composite Index briefly surpassing 3700 points before retreating, while the semiconductor sector saw significant gains, particularly with stocks like Cambrian Technology reaching new highs [2][10][12]. Market Overview - As of the midday close, the Shanghai Composite Index was at 3690.88, up 0.20%, while the Shenzhen Component and ChiNext Index fell by 0.15% and 0.23% respectively [3][5]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.41 trillion yuan, an increase of 101.2 billion yuan from the previous trading day [6]. Sector Performance - The semiconductor sector experienced a substantial surge, with Cambrian Technology's stock price increasing by 9.89% to 945.02 yuan per share, marking a historical high [12][15]. - Other notable semiconductor stocks such as Haiguang Information and TaiLing Micro also saw significant increases, with Haiguang Information rising by 11% [14][15]. Digital Currency and Financial Technology - The digital currency sector showed strong performance, with stocks like Sifang Precision rising by 16.68% [18][21]. - The financial technology index reported a weekly increase of 6%, with stocks like Hengbao Co. and Zhongke Jincai seeing substantial gains [22]. Insurance Sector - The insurance sector continued its upward trend, with China Pacific Insurance's A-shares increasing by 4.66% and H-shares rising by 7% [24][26]. - Notably, China Ping An has increased its stake in China Pacific Insurance, indicating a strategic move within the insurance industry [28].

Core Viewpoint - The article discusses the recent capital increase of Pioneer Fund, raising its registered capital from 205 million RMB to 230 million RMB, indicating a strategic move to enhance its financial strength and competitiveness in the market [2][3]. Group 1: Capital Increase Details - On August 14, Pioneer Fund announced a capital increase of 25 million RMB, bringing the total registered capital to 230 million RMB [2]. - The current shareholding structure post-increase shows Beijing Guidance Technology Development Co., Ltd. as the major shareholder with a 93.5317% stake, followed by Beijing Fuzhongda Investment Co., Ltd. at 4.99%, and Shenzhen Ruizhiyuan Investment Partnership at 1.4783% [3]. Group 2: Historical Context and Changes - This is not the first capital increase for Pioneer Fund in 2023; earlier in April, the registered capital was raised from 150 million RMB to 200 million RMB [3][4]. - In March, Guidance Technology announced the acquisition of 33.3074% of Pioneer Fund's shares from Dalian Yalian for 161.32 million RMB, resulting in Guidance Technology holding 95.01% of the fund [4]. Group 3: Management Changes and Industry Trends - Pioneer Fund has undergone significant management changes this year, with a new general manager, Zhang Fan, appointed on March 1, and a new chairman, Wang Chongkun, taking office on May 16 [4]. - The article notes a trend among small and newly established fund companies to increase capital, as seen with several others like Lianbo Fund and Hongyi Yuanfang Fund, to meet compliance and survival needs while considering long-term strategic positioning in a consolidating industry [4].