Core Viewpoint - The article discusses the recent decline in U.S. stock indices, the significant drop in gold prices, and the extension of tariff suspension on China by the Trump administration, highlighting the market's anticipation of upcoming inflation data [2][24]. Group 1: Stock Market Performance - On August 11, the three major U.S. stock indices opened the week with declines, with the Dow Jones Industrial Average falling by 200.52 points, or 0.45%, closing at 43975.09 points [4][5]. - The Nasdaq Composite dropped by 64.62 points, or 0.30%, to close at 21385.40 points, while the S&P 500 fell by 16.00 points, or 0.25%, ending at 6373.45 points [4][5]. - A record proportion of fund managers, approximately 91%, believe that U.S. stocks are currently "too expensive," marking the highest level since 2001 [8]. Group 2: Inflation Data and Economic Indicators - The market is awaiting the release of the Consumer Price Index (CPI) on Tuesday and the Producer Price Index (PPI) on Thursday, which are expected to significantly influence interest rate expectations [9]. - Economists predict that the July CPI will rise by 0.2% month-on-month and 2.8% year-on-year, with the core CPI expected to increase by 0.3% month-on-month and 3.1% year-on-year, reflecting a rise from June levels [9]. Group 3: Gold Market Reaction - Gold prices experienced a sharp decline, with spot gold dropping by 1.6% to a low of $3341.25 per ounce, marking a new low in over a week, while December futures fell by 2.5% to settle at $3404.70 per ounce [21][24]. - The decline in gold prices is attributed to multiple negative factors, including Trump's tariff exemption statement on gold, the extension of the U.S.-China trade truce, potential progress in Russia-Ukraine peace talks, and market anxiety over upcoming U.S. inflation data [24]. Group 4: Semiconductor Industry Developments - Nvidia and AMD have reached an agreement with the Trump administration to pay 15% of their revenue from chips sold to China to the U.S. government in exchange for export licenses [10][13]. - This agreement highlights the ongoing regulatory environment affecting semiconductor companies and their international operations [10][13].

中美发布联合声明：双方再次暂停实施24%的关税90天，保留剩余10%的关税 来源：新华社 中美斯德哥尔摩经贸会谈联合声明 新华社北京8月12日电 中华人民共和国政府（"中国"）和美利坚合众国政府（"美国"）， 忆及2025年5月12日达成的中美日内瓦经贸会谈联合声明（"日内瓦联合声明"）；以及 考虑到双方2025年6月9至10日伦敦会谈和2025年7月28至29日斯德哥尔摩会谈； 双方忆及日内瓦联合声明下所作承诺，并同意于2025年8月12日前采取以下举措： 一、美国将继续修改2025年4月2日第14257号行政令中规定的对中国商品（包括香港特别行政区和澳门 特别行政区商品）加征从价关税的实施，自2025年8月12日起再次暂停实施24%的关税90天，同时保留 按该行政令规定对这些商品加征的剩余10%的关税。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � ...

来源：央视新闻 特朗普：开始部署国民警卫队 华盛顿特区进入公共安全紧急状态 当地时间11日，美国总统特朗普发表讲话称，将把华盛顿特区警察局置于联邦的直接管辖之 下，并于当天开始部署国民警卫队士兵，帮助重建华盛顿特区的法律、秩序和公共安全。同 时， 特朗普宣布 华盛顿特区进入公共安全紧急状态 。 特朗普表示， 将部署 800名国民警卫队士兵 到华盛顿特区 ，同时也将会关注纽约和芝加哥 的治安情况。 美国国防部表示，在此次部署期间，还将有100至200名士兵随时支持执法工作。据美国国防 部长赫格塞斯透露， 国民警卫队人员预计 将在未来一周内抵达首都 。另据一名白宫官员 称，美国联邦政府接管首都华盛顿警察局预计将持续30天。 美国华盛顿特区市长鲍泽当地时间11日表示，美国总统特朗普接管警察部门"令人不安且史无 前例"，但该市并不"完全感到惊讶"。 华盛顿特区当前由民主党主政。作为共和党籍总统，特朗普今年1月再次入主白宫以来，多次 批评华盛顿特区暴力犯罪与流浪人员问题，指责当地政府治理不力，并多次主张联邦政府全 面介入管理华盛顿特区。外界普遍认为，特朗普最新决定的直接"导火索"是一名政府效率部 年轻职员近期在华盛顿遭 ...

来源：中央气象台 降水预报： 8 月 12 日 08时至 13 日 08 时， 台湾岛东北部 地区将有大到暴雨（ 50~60 毫米）。 防御指南： 中央气象台 8月12日06时 发布暴雨蓝色预警： 预计， 8月12日08时至13日08时 ， 河南南部、湖北中部和西南部、湖南西部和北部、贵州 东部和南部、云南北部 、河北西部和东北部、北京西部和北部、天津北部、台湾岛东北部、 西藏东南部 等地部分地区有大到暴雨 ，其中，河南南部、湖北东北部和西南部、湖南北部等 地 部分地区有大暴雨 （100～140毫米） 。上述部分地区伴有短时强降水（最大小时降雨量 20～50毫米，局地可超过60毫米），局地有雷暴大风等强对流天气 。 防御指南： 1.政府及相关部门按照职责做好防暴雨准备工作； 2.学校、幼儿园采取适当措施，保证学生和幼儿安全； 3.驾驶人员应当注意道路积水和交通阻塞，确保安全； 4.检查城市、农田、鱼塘排水系统，做好排涝准备。 中央气象台 8 月 1 2 日 06 时发布 台风 黄 色预 警 ： 今年第 11 号台风"杨柳"（强热带风暴级）的中心今天（ 1 2 日） 早晨 5 点钟位于台湾台 东市 东偏南 方向 ...

Core Viewpoint - The performance of equity-based wealth management products has significantly improved, with over 90% of such products yielding positive annualized returns, driven by a recovering capital market and supportive macro policies [2][4]. Group 1: Performance of Equity Wealth Management Products - As of August 3, there are 46 publicly offered equity wealth management products, with 43 showing positive returns, and 17 of these exceeding 10% annualized returns [2][4]. - The average net asset value growth rate for equity wealth management products this year is 5.82%, making them standout performers in the wealth management market [4]. - The average maximum drawdown for fixed income products is only 0.19%, while mixed products have a higher average maximum drawdown of 1.26% [4]. Group 2: Market and Policy Influences - The significant rise in equity wealth management product yields is attributed to the recovery of the capital market and macro policies that boost market confidence [6]. - A policy issued in January 2025 allows bank wealth management to participate more actively in the capital market, enhancing the allocation of wealth management funds to equity assets [6]. - The current low interest rate environment is pushing wealth management companies to diversify their asset allocations to meet client demands for higher returns [6]. Group 3: Market Size and Trends - Despite the strong performance of equity wealth management products, their market size remains relatively small, with the total wealth management market reaching 30.67 trillion yuan, where fixed income products dominate [7]. - Equity products account for only 0.07 trillion yuan of the total market, indicating a low proportion in the overall wealth management landscape [7]. - Analysts predict that as the preference for bond assets diminishes due to lower yields, there will be an increased allocation towards equity assets in the future [8].

Core Viewpoint - *ST Songfa has successfully completed a major asset restructuring and financing project, raising nearly 4 billion yuan with subscriptions from 19 investors, marking its transformation from a ceramics manufacturer to a shipbuilding and high-end equipment manufacturing company [2][4]. Group 1: Asset Restructuring Details - The restructuring process, which took nearly a year, involved the exchange of the company's original ceramics business assets (valued at approximately 510 million yuan) with Hengli Heavy Industry (valued at around 8 billion yuan) [6]. - The company issued shares to acquire the remaining equity of Hengli Heavy Industry at a price of 10.16 yuan per share [7]. - The financing plan included a non-public issuance of shares to no more than 35 specific investors, aiming to raise up to 4 billion yuan for the construction of Hengli Heavy Industry and Hengli Shipbuilding projects [8]. Group 2: Market Impact and Future Prospects - The restructuring has allowed *ST Songfa to eliminate the risk of delisting and has positioned it as a new key player in the A-share shipbuilding sector, attracting significant market attention [4]. - The restructuring project is noted as the first cross-industry merger approved under the "Six Merger Rules" policy, setting a benchmark for future cases [9]. - Hengli Heavy Industry is expected to generate a net profit of 1.127 billion yuan in 2025, with a commitment from the counterparty to achieve a cumulative net profit of no less than 4.8 billion yuan from 2025 to 2027, indicating a compound annual growth rate of over 15% [9]. Group 3: Investor Participation and Stock Performance - The financing round saw participation from 19 investors, including major public funds, private equity, and industrial capital, with significant allocations to institutions like UBS AG and Citic Financial Assets, reflecting strong confidence in Hengli Heavy Industry's future [11]. - Following the announcement of the restructuring plan, *ST Songfa's stock price has surged, closing at 53.35 yuan per share on August 11, representing an increase of over 200% since the suspension of trading on September 27, 2024, with a total market capitalization reaching 46 billion yuan [13].

Core Viewpoint - Shanhe Intelligent has received an insurance compensation of 160 million yuan from a U.S. insurance company due to aircraft rental contracts with Russian clients that could not be fulfilled due to geopolitical conflicts [3][4][6]. Summary by Sections Company Overview - Shanhe Intelligent's main business areas include engineering machinery, aviation equipment and services, and special equipment, providing comprehensive solutions to global clients [10]. - The company's primary products consist of excavators, piling machinery, aerial work platforms, mining equipment, emergency rescue equipment, oil and gas pipeline equipment, railway maintenance equipment, and green energy extraction equipment [10]. Insurance Compensation Details - Shanhe Intelligent's wholly-owned subsidiary, AVMAX, had signed three aircraft rental contracts with Russian clients, which became uncollectible due to geopolitical tensions since February 2022 [4][6]. - AVMAX reached an agreement with the insurance underwriters, confirming an insurance payout of 29 million USD, with a net amount of approximately 22.97 million USD after legal fees [6]. - The received insurance compensation, converted at the exchange rate of 7.1382, amounts to approximately 163.93 million yuan, impacting the company's net profit by about 126.23 million yuan, which is 172.92% of the previous year's audited net profit [6]. Stock Performance - Following the recent developments, Shanhe Intelligent's stock has seen significant increases, with a cumulative rise of 116% over 16 trading days, including 9 trading limits [6]. - As of the latest data, the company's market capitalization reached 19.2 billion yuan [6]. Financial Metrics - In the fiscal year 2024, Shanhe Intelligent's aviation business generated revenue of 1.013 billion yuan, accounting for 14.24% of total revenue, with a gross margin of 60.71% [10]. - The total number of shareholders has increased significantly, with the latest count at 240,046, reflecting a growth rate of 37.53% [11].

当地时间8月11日清晨，哥伦比亚参议员、总统选举参选人米格尔·乌里韦·图尔韦的妻 子玛丽亚·克劳迪娅·塔拉索纳发文表示， 米格尔·乌里韦·图尔韦最终没能康复，在遭枪 击两个月后去世。 6月7日，米格尔·乌里韦·图尔韦在首都波哥大举行的一次政治集会中遭枪击受伤，被紧 急送医救治。目击者说，枪手近距离向米格尔·乌里韦·图尔韦头部和身体开了三枪。 来源：央视新闻 ...

Core Viewpoint - The company Guangku Technology plans to acquire 100% equity of Suzhou Anjie Xun Optoelectronics, aiming to enhance its product and technology layout in the optical communication field [2][4][9]. Group 1: Acquisition Details - Guangku Technology will purchase the equity through issuing shares, convertible bonds, and cash payments to six counterparties including Zhang Guanming and Suzhou Xunuo Investment Partnership [4][5]. - The transaction is expected to constitute a related party transaction and a major asset restructuring, but it will not result in a restructuring listing [6]. Group 2: Strategic Benefits - The acquisition will allow Guangku Technology to broaden its product and technology offerings, quickly establish efficient manufacturing capabilities, and enhance its product matrix [9]. - The synergy between Guangku Technology and Anjie Xun Optoelectronics in technology routes and production processes is expected to lower costs and improve profitability [10]. Group 3: Financial Overview of Anjie Xun Optoelectronics - As of the end of 2024, Anjie Xun Optoelectronics has total assets of 431 million yuan, with projected revenue of 509 million yuan and a net profit of 105 million yuan for the same year [11]. - Financial data shows a significant increase in total assets and net profit from previous years, indicating strong growth potential [12]. Group 4: Market Position - Guangku Technology's stock resumed trading on August 12, with a closing price of 55.07 yuan per share and a total market capitalization of 13.7 billion yuan as of July 28 [7][13].

经查，杨亚俊丧失理想信念，背弃初心使命，对党不忠诚不老实，对抗组织审查，毫无党性原则，搞 迷信活动；无视中央八项规定精神，收受可能影响公正执行公务的礼品礼金，接受可能影响公正执行 公务的宴请；违反组织原则，在组织谈话时不如实向组织说明问题，在干部选拔任用中为他人谋利并 收受财物；廉洁底线失守，搞权色交易，道德败坏；毫无纪法底线，将公权力异化为谋取私利的工 具，利用职务便利侵吞公共财物，大搞权钱交易，在项目承揽、人事调动等方面为他人谋利，并非法 收受巨额财物。 杨亚俊严重违反党的政治纪律、组织纪律、廉洁纪律、生活纪律，构成严重职务违法并涉嫌贪污罪、 受贿罪，且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产 党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定， 经自治区纪委常委会会议研究并报自治区党委批准，决定给予杨亚俊开除党籍处分；由自治区监委给 予其开除公职处分；终止其自治区第十二次党代会代表资格；收缴其违纪违法所得；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。 此前报道 来源： 澎湃新闻 综合 中央纪委国家监委网站 8月1 ...