【导读】长飞光纤9月21日晚公告，外资股东Draka Comteq B.V.于9月19日减持公司3759.53万股H股股份，减持后不再持有公司股份 中国基金报记者 卢鸰 曾经并列长飞光纤第一大股东的Draka Comteq B.V.，9月19日将其持有的长飞光纤H股股份全部清仓。 不过，长飞光纤股价并未因此受到负面影响，9月19日其A股股价涨停、H股股价大涨8.55%。 而且，从2025年二季度初至今，在Draka Comteq B.V.将其持有的1.8亿股长飞光纤H股股份全部减持期间，长飞光纤A股股价大涨 259.2%，H股股价大涨297.42%。 截至9月19日收盘，长飞光纤A股股价为120.62元/股、H股股价为61.6港元/股，最新市值为688亿元人民币。 不过，从2025年二季度初至今，在Draka Comteq B.V.将其持有的1.8亿股长飞光纤股份全部减持期间，长飞光纤A股股价大涨259.2%、 H股股价大涨297.42%。 空芯光纤相关业务尚未对 公司财务数据产生明显影响 近期，市场对算力数据中心相关光纤光缆产品，尤其是空芯光纤关注度较高。 资料显示，空芯光纤以超低时延、超低损耗、超低非线性 ...

Core Viewpoint - The chairman and actual controller of Zhenray Technology, Yu Faxin, has been placed under detention by the Huangshi Municipal Supervisory Committee, temporarily unable to perform his duties as a director of the company [2][7]. Group 1: Company Leadership Changes - Yu Faxin's family informed Zhenray Technology about his detention on September 21, which prevents him from fulfilling his responsibilities as a director [7]. - During Yu Faxin's absence, director Zhang Bing will act in his capacity as chairman, while other directors and senior management continue their normal duties [12] [16]. - Yu Faxin holds a direct shareholding of 21.04% in Zhenray Technology, maintaining control over the company as of June 30 [9]. Group 2: Financial Performance - Zhenray Technology's financial performance has shown a declining trend since its listing in 2022, with net profits decreasing from 108 million yuan in 2022 to 17.85 million yuan in 2024 [17]. - The company reported a significant increase in net profit for the first half of 2025, reaching 62.32 million yuan, a year-on-year growth of 1006.99% [20][22]. - The revenue for the first half of 2025 was 204.87 million yuan, reflecting a 73.64% increase compared to the same period last year [22]. Group 3: Business Operations - Zhenray Technology specializes in terminal RF front-end chips, high-density packaging microwave modules, and microsystems, with established platforms for design, testing, and reliability [16]. - The company is focusing on strategic emerging industries such as commercial aerospace, low-altitude economy, and deep-sea technology, with a significant increase in orders and projects [23].

Group 1: Federal Reserve Rate Cut - The Federal Reserve lowered the benchmark interest rate by 25 basis points to a range of 4.00% to 4.25%, restarting the rate cut cycle that had been paused since December of the previous year [2] - This decision is expected to lead to a continued downward trend in the US dollar and US Treasury yields, positively impacting gold and overseas assets [2] - The A-share market is anticipated to maintain its momentum, with technology growth sectors expected to benefit the most from the rate cut [2] Group 2: Fund Manager Changes - Recent announcements indicate that high-performing fund managers are likely to leave their positions, as seen with the addition of new managers to funds managed by Jiang Feng and Liu Peng [4] - The trend of fund manager turnover is attributed to the high-quality development action plan for public funds and the increasing "Matthew effect" in the industry, prompting some managers to move to larger platforms or private equity [4][6] Group 3: Public Fund Sales Fee Reform - The China Securities Regulatory Commission has introduced a sales fee reform plan aimed at reducing investor costs and promoting high-quality development in the public fund industry [7] - Key highlights of the reform include enhancing personal customer service, promoting direct sales to institutional investors, and regulating advisory services to prevent double charging [8] - The reform is seen as a significant step towards reshaping the public fund sales ecosystem and addressing industry pain points [8] Group 4: Chemical Theme Fund Launches - There has been a surge in the number of chemical theme funds being launched, with four new funds reported in September alone, indicating increased enthusiasm from fund companies towards this sector [5][6] - The optimism is driven by expectations of a global economic recovery and supply-side reforms in the chemical industry, which are seen as potential turning points for investment opportunities [6] Group 5: REITs Market Performance - The public REITs market experienced a downturn, with the China Securities REITs total return index falling by 0.81% as of September 12 [13] - Among the 74 publicly listed REITs, only 12 saw an increase in value, while 61 experienced declines, highlighting a challenging environment for the sector [14] Group 6: Private Fund Issues - A private fund has come under scrutiny for illegal fundraising activities, leading to the arrest of key individuals involved [23][24] - This incident reflects ongoing regulatory challenges within the private fund sector and the need for increased compliance measures [23]

les & FR 点击下载中国基金报客户端 问：据报道，中美双方在马德里会谈就TikTok问题达成了基本框架共识。9月19日，中美两国元首 通话也就TikTok问题交换意见。请问商务部能否进一步介绍相关进展情况？ 答：当地时间9月14日至15日，中美双方在西班牙马德里举行会谈，就以合作方式妥善解决TikTok 相关问题、减少投资障碍、促进有关经贸合作等达成了基本框架共识。9月19日晚，中美两国元首 举行通话，就当前中美关系和共同关心的问题坦诚深入交换意见，就下阶段中美关系稳定发展作出 战略指引。 中方在TikTok问题上的立场是清楚的，中国政府尊重企业意愿，乐见企业在符合市场规则基础上做 好商业谈判，达成符合中国法律法规、利益平衡的解决方案。 希望美方与中方相向而行，切实履行 相应承诺，为包括TikTok在内的中国企业在美持续运营提供开放、公平、公正和非歧视的营商环境 ，推动中美经贸关系稳定、健康、可持续发展。 来源： 央视新闻微信公众 号 今天（20日），商务部新闻发言人就TikTok问题进展情况答记者问。 ■ 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 ...

【导读】 特朗普将对H-1B签证征收10万美元的费用，对科技行业造成打击 中国基金报记者 泰勒 周末，美国的移民圈集体炸锅了，不少人周末紧急买机票返回美国。 特朗普对H-1B征收10万美元费用 周末，特朗普签署行政令，决定对H-1B工作签证征收 10万美元 的申请费——以遏制其政府所称对该项目的过度使用。 特朗普称："我们将因此获得数千亿美元的收入。我们会用这笔钱 减税、降债 。" 该公告规定，若未支付相应费用，持有工作签证的不得入境。 | 场景 | 是否需要支付 10 万美元 ? | 说明 | | --- | --- | --- | | 境内 H-1B 持有人续签/延长 | ×不需要 | 在美国境内,不涉及入境,美国雇 | | (Extension of Stay) | | 主正常递交 I-129 续签即可。 | | 境内身份转换(例如 F-1 → H- | ×不需要 | 转换身份只发生在境内,不涉及入 | | 1B) | | 境。 | | 已在境外,第一次申请 H-1B 签 | √需要 | 9/21 之后入境触发行政令,雇主必 | | 证并计划入境 | | 须缴纳 10 万美元。 | | 已经有 H-1B ...

当地报道，6月9日，宁木特镇召开六月份第二周周会， 会议由镇党委副书记、镇长更尕扎西 主持并作安排部署 ，全体干部职工参加会议。 更尕扎西（资料图） 会议传达学习《锲而不舍落实中央八项规定精神，以优良党风引领社风民风》《党政机关厉行 节约反对浪费条约》等内容。会议要求，要强化作风建设，筑牢廉洁防线。全体党员干部必须 深入学习、全面贯彻中央八项规定精神，通过案例剖析、观看警示教育影片、实地考察等多种 方式，深刻理解违规违纪行为所带来的严重后果。要自觉维护党纪国法的严肃性，坚决抵御各 种不良诱惑，进一步强化纪律观念和规矩意识，确保中央八项规定精神在日常工作实践中得到 切实执行。 黄南州纪委监委通报称，上述典型问题，反映出"四风"问题仍然顽固复杂，腐败滋生的土壤和 条件仍然存在，暴露出一些党员干部对党纪国法不知敬畏、对中央八项规定精神漠然置之。全 州各级党组织要清醒认识"四风"问题的顽固性、反复性、复杂性、变异性，坚决扛牢全面从严 治党主体责任，深入学习贯彻中央八项规定精神，在抓常、抓细、抓长上下功夫，不断推动作 风建设走深走实。各级纪检监察机关要切实履行监督职责，不因问题小而姑息，不因违者众而 放任，坚持对违规吃 ...

【导读】重阳投资董事长兼首席经济学家王庆：未来市场有望迎来一轮结构性 " 慢牛 " 中国基金报记者 吴君 9 月 17 日，在中国基金报主办的 "2025 中国资本市场发展论坛暨私募基金论坛 " 上，重阳投资董事长兼首席经济学家王庆表示，中国股 市自去年 "9·24" 以来出现重要转折，政策托底、科技创新与公司治理提升，共同推动市场进入新一轮价值重估阶段。 过去一年 A 股完成了均值回归的过程，王庆认为市场出现 " 疯牛 " 可能性不是很大，未来市场有望迎来一轮结构性 " 慢牛 " 。 "9 · 24" 成为市场重要转折点 政策、科技创新、分红等推动股市表现 " 去年年中我的演讲主题还是市场能否迎来 ' 否极泰来 ' ，今年的主题变成了 ' 价值重估 ' 。 " 王庆说， "9·24" 是转折点，过去一年中 国股市发生了重要的变化。 在王庆看来，中国资本市场真正的价值创造要通过上市公司来实现。近年来 A 股市场越来越多上市公司更加注重股东回报，也就是真金白 银给股东分红，使得净股东回报率由负转正，甚至与国际市场看齐。这一变化既受益于新 " 国九条 " 等政策引导，也源于企业自发的治理 提升。 " 只要上市公司 ...

中国基金报记者 闻言 9 月 19 日晚间，创意信息公告称，基于四川证监局出具的《行政处罚事先告知书》载明事 项，公司自 9 月 23 日开市起被实施其他风险警示，证券简称变为 ST 创意，股票交易的日 涨跌幅限制仍为 20% 。 【导读】创意信息涉嫌财务造假， 9 月 23 日起实施其他风险警示 对此，创意信息计划自 9 月 22 日开市起停牌一天。截至 9 月 19 日收盘，创意信息股价报 7.86 元 / 股，跌幅达 3.32% ，总市值为 47.76 亿元。截至 6 月 30 日，公司股东人数为 6.251 万户。 涉嫌 2022 年年报、 2023 年半年报存在虚假记载 9 月 19 日，创意信息收到四川证监局下发的《行政处罚事先告知书》。《行政处罚事先告知 书》显示，创意信息涉嫌信息披露违法违规案一案已调查完毕，依法拟对创意信息及时任相 关高管作出行政处罚。 创意信息公告称，根据《行政处罚事先告知书》认定的情形，公司涉及的违法违规行为触及 《深圳证券交易所创业板股票上市规则》第 9.4 条规定的其他风险警示情形。 2022 年 11 月，创意信息分别与国网四川综合能源服务有限公司开展协同一体机销售 ...

2018年，中国科学院大连化物所研究团队启动氢负离子传导研究，并于2023年提出 了"晶格畸变抑制电子电导"策略，研制出室温超快氢负离子导体。在此基础上，团队又 以氢化钡（BaH2）薄层包覆三氢化铈（CeH3）， 研制出了一种新型核壳结构复合氢化 物材料。该材料在室温下即可展现快速的氢负离子传导特性，并同时兼具优异的热稳定 性与电化学稳定性， 是一种理想的电解质材料。 基于上述新型氢负离子电解质材料，团队利用经典的储氢材料氢化铝钠（NaAlH4） 作正极，贫氢的二氢化铈（CeH2）作负极，组装出首例氢负离子原型电池。团队通过搭 建叠层电池，把电压提升到1.9伏，并成功点亮了LED灯，证明了氢负离子电池为电子设 备供电的可行性， 标志着氢负离子电池成功从"理论模型"迈向了"实验室原型"。 来源：央视新闻 近日，中国科学院大连化学物理研究所团队开发出新型核壳结构氢负离子电解质， 并成功构建了 首例氢负离子原型电池 ，相关成果17日在国际学术期刊《自然》发表。 氢是未来清洁能源体系的重要组成部分，通常以氢正离子（质子）、氢负离子和氢 原子三种形式存在。其中，氢负离子电子密度最高、易极化、反应性最强，是一种独特 且具 ...

Core Viewpoint - The article reports on the investigation of Zhang Quan, the former Deputy Secretary of the Party Committee of China Railway Signal and Communication Group Co., Ltd., for serious violations of discipline and law, highlighting ongoing anti-corruption efforts in state-owned enterprises in China [1][12]. Group 1: Background Information - Zhang Quan was born in 1970 and holds a bachelor's degree in Communication Engineering and a master's degree in Electronic and Information Engineering from Beijing University of Posts and Telecommunications [3]. - His career includes various leadership roles in telecommunications and signal companies, culminating in his position as Executive Director of China Railway Signal and Communication Co., Ltd. [5][6]. Group 2: Recent Developments - Zhang Quan resigned on June 27, 2022, citing personal reasons, which raised market concerns due to the lack of acknowledgment from China Railway Signal and Communication [6][11]. - The article notes a broader context of anti-corruption efforts in state-owned enterprises, with multiple officials being investigated this year, indicating a serious and complex situation in the sector [12].