Core Viewpoint - Major automotive companies including Volkswagen, Mercedes-Benz, Ford, Chery, and Xpeng have collectively initiated recalls for defective vehicles in compliance with the regulations set by the National Market Supervision Administration [2] Group 1: Volkswagen Recall - Volkswagen China is recalling 5 units of the 2024 Lamborghini Revuelto series produced between September 18, 2024, and October 8, 2024, due to improperly assembled spherical pins that may lead to safety hazards [5] - The recall will involve free inspections and necessary adjustments to ensure safety [5] Group 2: Mercedes-Benz Recall - Fujian Mercedes-Benz is recalling 1,107 units of the imported Viano and Vito vehicles produced between February 4, 2004, and December 13, 2005, due to potential issues with the airbag inflators that may cause injury during deployment [7][8] - The company will provide free inspections and replacements of the affected airbags [8] Group 3: Ford Recall - Ford China is recalling 2,286 units of the 2020 Lincoln Aviator produced between June 27, 2019, and December 9, 2019, due to issues with the seat restraint system and folding seat buttons that may pose safety risks [10][11] - Additionally, Ford is recalling 1,151 units of the 2017-2018 Ford F-150 and 1,193 units of the 2017 Lincoln Navigator due to potential brake master cylinder issues that could lead to brake failure [11] - A further recall involves 44 units of the new generation Lincoln Navigator due to software issues affecting the electronic brake assist [12][13] Group 4: Xpeng Recall - Xpeng is recalling 47,490 units of the P7+ model produced between August 20, 2024, and April 27, 2025, due to potential issues with the steering assist motor sensor wiring that may lead to steering failures [15][16] Group 5: Chery Jaguar Land Rover Recall - Chery Jaguar Land Rover is recalling 37,492 units of the 2020 Range Rover Evoque and Discovery Sport produced between April 18, 2019, and October 30, 2020, due to software issues that may cause overheating and oil leakage [18] - The company will also recall 64,731 units of the 2020-2023 Jaguar XEL and XFL models starting January 30, 2026, due to potential fuel line issues that could lead to fire hazards [18][19]

Core Viewpoint - The Central Bank of Russia has lowered the key interest rate by 100 basis points to 17.00%, which is less than the expected 200 basis points reduction, amid concerns of economic slowdown and inflation control [4][6][12]. Economic Conditions - The Russian economy is showing signs of significant slowdown, with growth in the first seven months of 2025 nearing the lower end of the Central Bank's forecast of 1% to 2% [4][6]. - Industrial output growth in July was only 0.7%, down from 2% in June, and about half of economists' expected growth rate [4][6]. - The Central Bank's statement indicates that inflation expectations remain high, and the underlying measures of price growth have not changed significantly [12][14]. Monetary Policy - The Central Bank aims to maintain tight monetary conditions to ensure inflation returns to target levels by 2026, despite the recent rate cut [4][12]. - The next monetary policy meeting is scheduled for October 24, 2025, where further decisions will be based on inflation trends and expectations [11]. Inflation and Risks - Current inflation is reported at 8.2% as of September 8, 2025, with core inflation indicators averaging between 4% and 6% [12][14]. - The Central Bank has highlighted that the risks of inflation rising are greater than those of it falling, influenced by high inflation expectations and deteriorating external trade conditions [10][14]. - Budget risks, including potential increases in government spending and deficit targets, will also impact future monetary policy decisions [10][14]. Banking Sector Insights - The head of Sberbank described the current economic situation as a "technical stagnation," suggesting that interest rates need to drop to 12% or lower for economic recovery [7]. - Despite high borrowing costs, there are mixed views among officials regarding the severity of the economic situation, with some indicating no significant deterioration in the economy [7][8].

来 源： 大象 新闻综合、中国蓝新闻、第一现场、@罗永浩的十字路口 近日，"罗永浩吐槽西贝预制菜"登上热搜，西贝和罗永浩相互公开叫板。 刚刚，罗永浩在微博上再次发声，表示将开直播谈谈这个事情。博文原文如下： 今天晚上8:30，我会在三个平台(微博，抖音，B站，账号名都叫"罗永浩的十字路口")上同时 直播谈谈这件事。 我的诉求并不是打这个西贝，或是贾老板，我对他们没什么兴趣。但我很 希望借着这次的事件，推动中国预制菜行业透明化，保障消费者的知情权。所以今天晚上也 会提到一些其他餐饮企业。 中国蓝新闻记者 实地探访杭州西贝餐厅，体验老罗套餐。西贝承认部分菜品存在隔夜情况， 煮好的羊排赏味期是三餐，今天上午一餐、下午一餐、明天上午还能卖，厨师长称隔夜使用 不会影响出餐品质。 9月12日，"西贝""预制菜""罗永浩"等话题被热议，第一现场记者实地探访西贝深圳门店， 西贝深圳区城市合伙人杜经理表示：昨晚总部要求所有员工品尝罗永浩点的菜品，并进行复 盘，如何进一步提升味道。 ...

Core Viewpoint - The second batch of 14 Sci-Tech Bond ETFs was fully subscribed on the first day, raising approximately 40 billion yuan, marking a record for single-day fundraising in the fund issuance market this year [2][6]. Fund Issuance Market - The second batch of 14 Sci-Tech Bond ETFs was launched on September 12, with most funds reaching close to the 3 billion yuan fundraising cap, leading to a total of about 40 billion yuan raised [4][6]. - The first batch of 10 Sci-Tech Bond ETFs has a total scale exceeding 123 billion yuan as of September 11, contributing to an overall scale of over 160 billion yuan for Sci-Tech Bond ETFs [2][8]. Market Growth - The total scale of bond ETFs has seen rapid growth, reaching 571.89 billion yuan as of September 11, a 228.72% increase from the end of last year [8]. - With the establishment of the second batch of Sci-Tech Bond ETFs, the overall market scale for bond ETFs is expected to surpass 600 billion yuan [8]. Industry Dynamics - The issuance of Sci-Tech Bond ETFs is driven by favorable regulatory changes, including differentiated approval arrangements for bond funds that align with national strategies [6][9]. - The market is witnessing a structural optimization and expansion of bond ETFs, with increasing liquidity and a diverse investor base [9].

阿里巴巴 -W 放量大涨 阿里巴巴 -W 盘中涨幅一度达 6% ，收涨 5.44% ，成交额达 259.32 亿港元。 【导读】恒指创 4 年新高，港股生物医药板块集体大涨 中国基金报记者 格林 9 月 12 日，恒指高开后震荡。截至收盘，恒生指数涨 1.16% ，报 26388.16 点，创 2021 年 9 月以来新高；恒生科技指数涨 1.71% ，报 5989.27 点；恒生国企指数涨 1.13% ，报 9364.94 点。全日大市成交额达 3207.34 亿港元，较上一交易日略微缩量。南向资金净 买入 73.31 亿港元。 | 序号 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | 成交额 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | HSI | 恒生指数 | 26388.16c | 301.84 | 1.16% | 3207亿 | 31.55% | | 2 | HSTECH | 恒生科技 | 5989.27c | 100.50 | 1.71% | 1016亿 | 34.04% | | 3 | HSHKBIO | ...

据中央纪委国家监委驻中国国家铁路集团有限公司纪检监察组、山西省纪委监委9月12日消 息：晋豫鲁铁路通道股份有限公司原党委书记、董事长王金虎涉嫌严重违纪违法，目前正接 受中央纪委国家监委驻中国国家铁路集团有限公司纪检监察组纪律审查和山西省监察委员会 监察调查。 来源：政事儿 ...

来源：中国人民银行 2025年8月金融统计数据报告 一、广义货币增长 8.8 % 8 月末 ，广义货币 (M2)余额 331.98 万亿元 ， 同比增长 8.8 % 。 狭义货币 (M1)余 额 111.23 万亿元 ， 同比增长 6 % 。 流通中货币 (M0)余额 13.34 万亿元 ， 同比 增长 11.7 %。 前 八 个月净投放 现金 5208 亿元。 二、前 八 个月人民币贷款增加 13.46 万亿元 8 月末，本外币贷款余额 273.02 万亿元，同比增长 6.6 % 。 月末人民币贷款余额 269.1 万亿元，同比增长 6.8 % 。 前 八 个月人民币贷款增加 13.46 万亿元。分部门看，住户贷款增加 7110 亿元，其 中，短期贷款减少 3725 亿元，中长期贷款增加 1.08万 亿元；企（事）业单位贷款增加 12.22 万亿元，其中，短期贷款增加 3.82 万亿元，中长期贷款增加 7.38 万亿元，票据融资 增加 8778 亿元；非银行业金融机构贷款增加 1227 亿元。 8 月末，外币贷款余额 5517 亿美元，同比 下降 7.1 %。 前 八 个月外币贷款 增加 96 亿美元。 三 ...

Core Viewpoint - The article emphasizes the importance of promoting the regular application and recommendation of infrastructure REITs to enhance effective investment and support high-quality development in the infrastructure sector [1]. Group 1: Market Expansion and Project Recommendations - Continuous efforts are being made to expand the market for infrastructure REITs, with a focus on orderly project application and recommendation, leading to steady growth in issuance scale and asset types [2][3]. - There is a push for the regular application of mature asset types, prioritizing high-quality infrastructure projects that align with national strategies and policies [2][3]. - New asset types such as railways, ports, and cultural tourism are being explored for issuance pathways, with efforts to resolve existing challenges [3]. Group 2: Support for Private Investment Projects - Provincial development and reform departments are encouraged to establish mechanisms to support private investment projects in issuing infrastructure REITs, ensuring compliance and accelerating project development [3]. Group 3: Project Cultivation and Reserve - A systematic approach is recommended for project cultivation, including maintaining a dynamic project inventory and ensuring compliance with investment management procedures [3][4]. Group 4: New Asset Acquisition and Fundraising - The process for applying for new asset acquisitions through existing REITs is being simplified, allowing for the purchase of quality assets after the initial listing period [4]. - The scope for new asset acquisitions is being broadened to include similar and related projects across different sectors [4]. Group 5: Project Quality Assurance - The focus remains on ensuring project quality by adhering to market-oriented and legal principles, with strict criteria for project recommendations [5][6]. - Emphasis is placed on the importance of complete investment management procedures and compliance with regulatory requirements [6]. Group 6: Organizational Support and Efficiency - There is a call for improved efficiency in project submissions, with a focus on enhancing professional capabilities and optimizing workflows [7]. - The establishment of an information management system for infrastructure REITs is underway to standardize and streamline the project application process [7][8]. Group 7: Communication and Policy Improvement - Regular communication with local development departments and industry stakeholders is encouraged to gather feedback and continuously improve the policy framework for infrastructure REITs [8].

来源：国新网、新华社 9月12日下午， 国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，请 财政部部长蓝佛安，财政部副部长廖岷、王东伟、郭婷婷介绍"十四五"时期财政改革发展成 效，并答记者问。 蓝佛安介绍，截至2024年末，我国政府全口径债务总额为92.6万亿元，包括国债34.6万亿 元、地方政府法定债务47.5万亿元、地方政府隐性债务10.5万亿元，政府负债率为68.7%。 同时，我国政府债务对应着大量优质资产。 "总体看，我国政府负债率处于合理区间，风险安全可控。"蓝佛安说。 蓝佛安：人民群众对美好生活的期盼在哪里，财政资金就重点投向哪里；人民群众急难愁盼在哪里，财 政政策就往哪里发力 9月12日下午， 国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，请 财政部部长蓝佛安，财政部副部长廖岷、王东伟、郭婷婷介绍"十四五"时期财政改革发展成 效，并答记者问。 北京日报记者提问， 蓝部长提到，国家的财政账本里分量最重、成色最足的始终是民生。"十 四五"是全面建成小康社会的第一个五年，人民群众对于美好生活的期待更加足了，想请问财 政部在保障和改善民生方面，做了哪些工作？ 蓝 ...

来源：北京日报客户端、央视新闻 中国新闻网 以色列72小时内袭击6个国家，中方表态 9月12日，外交部发言人林剑主持例行记者会。 中阿卫视记者提问，以色列在72小时内袭击了6个国家，包括卡塔尔、黎巴嫩、也门等。中方 对此有何评论？ 林剑表示，中方对当前中东地区的局势不断升级深感担忧，反对侵犯中东有关国家主权和安 全的行为，谴责一切伤及无辜平民的举动，反对任何激化矛盾、导致地区局势升级的举动。 彭博社记者提问，据报道，美国犹他州州长斯宾塞·考克斯今天在讨论追捕杀害美国保守派社 会活动家查理·柯克的凶手时说，看到来自俄罗斯、中国和世界各地的网络聊天机器人，试图 灌输虚假信息并鼓励暴力。请问外交部对此指责有何回应？ 林剑表示， 中方谴责一切非法、暴力行径。 同时， 我们坚决反对美国一些政客动辄拿中国 说事儿，坚决反对散布虚假信息污蔑、抹黑中国。 "暴力换不来安全，武力打不出和平。我们强烈呼吁有关各方，特别是以色列为平息战火、重 启谈判、恢复地区和平稳定多做积极努力，而不是相反。"林剑说。 外交部回应福建舰通过台湾海峡 9月12日，外交部发言人林剑主持例行记者会。有记者就"福建舰"通过台湾海峡相关问题提 问。 对此， ...