今天（9月10日），国务院批复同意新建黄岩岛国家级自然保护区。 来源： 央视新闻微信公众 号 二、黄岩岛国家级自然保护区的面积、范围和功能分区等由国家林草局另行公布。 一、同意新建黄岩岛国家级自然保护区。 建立黄岩岛国家级自然保护区，是维护黄岩岛自然生态系 统多样性、稳定性、持续性的重要保障。 有关部门和地方要严格执行《中华人民共和国自然保护区 条例》和自然保护地建设管理等规定，严格落实生态环境保护责任，加强组织领导和协调配合，健 全管理机构，强化对涉及自然保护区各类违法违规行为的监管执法力度，确保各项管理措施得到落 实，不断提高国家级自然保护区建设和管理水平。 ...

【 导读 】 白银有色因涉嫌信息披露违法违规被中国证监会立案 中国基金报记者 闻言 9月10日，白银有色公告称， 公司 收到中国证监会下发的《立案告知书》。因公司涉嫌信息披露违法违规，中国证监会决定对公司立案。 | | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年 | | | (1-6月) | | 同期增减(%) | | 营业收入 | 44.558.994.396.96 | 52.596.061.810.81 | -15.28 | | 利润息额 | 433.043.916.47 | 706.043.720.78 | -38.67 | | 归属于上市公司股东的净利润 | -217.113.996.97 | 12.337.275.87 | -1.859.82 | | 归属于上市公司股东的扣除非经常性 | -11.172.548.00 | 13.932.071.83 | -180.19 | | 损益的净利润 | | | | | 经营活动产生的现金流量净额 | 5.277.630.034.50 | 983.18 ...

Group 1 - The core viewpoint of the articles emphasizes the importance of risk management in investment strategies, particularly in index-enhanced strategies, where the primary goal is to control various risks and minimize tracking errors before seeking excess returns [14]. Group 2 - The articles highlight the recent performance of the New Energy sector, with the ChiNext 50 Index experiencing a weekly increase of 3.42%, indicating a significant growth trend in this area [2]. - Insights from Howard Marks suggest that investors should maintain a calm demeanor while adapting to changeable circumstances and accepting those that cannot be altered [4]. - The interview with Liang Hui, General Manager of Xiangju Capital, discusses strategies aimed at addressing absolute return challenges over a decade [5].

Core Viewpoint - The article discusses the recent market performance of Hong Kong stocks, highlighting the significant drop in Pop Mart's shares and NIO's announcement of a stock issuance to fund electric vehicle technology development [2][14][17]. Market Performance - On September 10, Hong Kong's major stock indices rose, with the Hang Seng Index increasing by 1.01% to 26,200.26 points, the Hang Seng Tech Index up by 1.27% to 5,902.69 points, and the Hang Seng China Enterprises Index rising by 0.93% to 9,328.16 points [2][3]. - The total market turnover was 288.21 billion HKD, with net purchases from southbound funds amounting to 7.566 billion HKD [2]. Individual Stock Performance - Among the Hang Seng Index constituents, 65 stocks rose while 21 fell. Lenovo Group led the blue chips with a 4.63% increase, followed by JD Logistics at 4.45% and Sun Hung Kai Properties at 4.28% [4][5]. - Pop Mart experienced a significant decline of 4.51%, attributed to reports of falling second-hand prices for its LABUBU series, with a peak drop of 7.01% during the trading day [6][14]. Sector Performance - The Hang Seng Industry Index showed varied performance, with the financial sector up by 1.85%, the real estate and construction sector up by 1.51%, and the composite enterprises sector up by 0.86%. Conversely, the healthcare sector fell by 0.94%, and the materials sector decreased by 0.41% [9]. Pop Mart's Business Outlook - According to a report by Zhongtai Securities, Pop Mart is advancing its globalization strategy and expanding its business model. The company has significant growth potential in overseas markets, with a projected revenue space of 34.6 billion CNY [16]. - The report forecasts Pop Mart's total revenue for 2025, 2026, and 2027 to be 33.117 billion CNY, 46.961 billion CNY, and 63.487 billion CNY, respectively, with year-on-year growth rates of 154%, 42%, and 35% [16]. NIO's Stock Issuance - NIO announced plans to issue up to 182 million shares, including American Depositary Shares (ADS), to raise funds for core technology development in smart electric vehicles [17][18]. - The net proceeds from the stock issuance will be used to invest in the development of future technology platforms and models, expand battery swapping and charging networks, and strengthen the company's balance sheet [19].

Core Viewpoint - The article highlights the rapid fundraising success of the Huaxia CapitaLand Commercial REIT, which completed its public offering in just one day due to overwhelming demand from investors [2][3][4]. Summary by Sections Fundraising Details - On September 9, 2025, Huaxia CapitaLand Commercial REIT launched its public offering, which was oversubscribed, leading to an early closure of the fundraising process [3][5]. - The total effective subscription amount exceeded the initial public offering cap, prompting the fund manager to end the public fundraising early, with September 9, 2025, being the last day for public subscriptions [5]. - The initial public offering was set to run from September 9 to September 10, 2025, but the fundraising for strategic and offline investors remained unchanged [5]. Asset Information - Huaxia CapitaLand Commercial REIT is the first foreign-funded consumer REIT in China, with underlying assets located in Guangzhou and Changsha, providing a diversified risk profile [7]. - The offering price was set at 5.718 yuan per share, with a total fundraising target of 22.872 billion yuan. The public offering included 47.868 million shares, while strategic and offline offerings were 240.44 million and 111.692 million shares, respectively [7]. - During the offline inquiry phase, the REIT received inquiries from 144 offline investors for a total of 284.26 billion shares, which is 254.5 times the initial offline offering amount, setting a historical record for consumer REITs [7]. Market Trends - The public REITs market has seen a surge in popularity, with several products achieving early fundraising closures or one-day sellouts this year [9]. - Notable examples include the Southern Runze Technology Data Center REIT and Southern Wanguo Data Center REIT, both of which raised approximately 289.63 billion yuan and 183.54 billion yuan, respectively, on their launch day [9]. - As of now, the total number of REITs in the market has reached 75, with a cumulative fundraising scale exceeding 197 billion yuan [9][10].

即上海翌心、杭州翌心的实控人均是王兴兴，而王兴兴是杭州宇树科技股份有限公司（以下 简称宇树科技）的创始人，当前担任宇树科技法定代表人、经理、执行事务董事等职务。 对比可见，上海翌心未披露王兴兴、杭州天则的持股比例，但杭州翌心披露王兴兴、杭州天 则的持股比例分别为 99.9999% 、 1.0001% 。 来源：天眼查 【导读】宇树科技创始人王兴兴，接连成立两家合伙企业 中国基金报记者 邱德坤 天眼查显示， 9 月 8 日、 9 月 9 日，上海翌心企业管理咨询合伙企业（有限合伙）（以下 简称上海翌心）、杭州翌心企业管理咨询合伙企业（有限合伙）（以下简称杭州翌心）相继 成立。 股权穿透可见，上海翌心、杭州翌心的出资人均是王兴兴、杭州天则科技有限公司（以下简 称杭州天则），而杭州天则的实控人是王兴兴。 编辑：杜妍 校对：王玥 制作：舰长 审核：陈墨 版权声明 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转载，否则将追究法律责任。 天眼查显示，上海翌心、杭州翌心的注册资本均为 11.099 万元，经营范围均包含企业管理 咨询、社会经济咨询服务、财务咨询等。 目前，王兴兴担任 3 家企业的法定代表人 ...

大家好，今天的市场，震荡上涨，一起看看发生了什么事情。 亚洲市场大涨，日韩股市创下新高 9月10日，日经225指数收盘上涨378.38点，涨幅为0.87%，报43837.67点。韩国KOSPI指数收盘上涨54点，涨幅为 1.68%，报3314.66点。二者均创收盘历史新高。 台股上涨1.5%，创历史新高。 | 日经 225 | | | | | | --- | --- | --- | --- | --- | | 指 HQ.NKY | | | | | | 43837.62 +378.33 +0.87% | | | | | | 09-10 14:30:01 | | | | | | 今开 43513.16 | 最高 43848.77 | | | | | 昨收 43459.29 | 最低 43509.02 | | | | | 日经 225指数期货 43863.00 +0.74% | | | | | | 相关 ETF 日经 225ETF 1.523 +0.86% | | | | | | 月K 分时 日K 围K | | 室K | 曲 云 | | | 均价:43712.91 最新:43837.62 +378.33 +0.87 ...

Core Viewpoint - The article highlights six typical cases of self-discipline violations reported by the China Securities Association, emphasizing the need for compliance and integrity within the securities industry [2]. Group 1: Fraudulent Practices - Case one reveals that an employee at A Investment Consulting Company used fraudulent means to change their investment advisor registration by submitting a fake resignation letter [4]. - Case two involves multiple individuals from B Company who profited from lending their professional registration information to a third-party agency for business purposes [3][5]. Group 2: Compensation Mechanism Violations - Case three indicates that a securities company had a performance bonus calculation formula directly linked to project income, violating regulations that prohibit such practices [7]. - The China Securities Association stresses that employee compensation should not be directly tied to project income to prevent excessive risk-taking and ensure a balanced incentive system [8]. Group 3: Cultural Construction Evaluation Issues - Case four shows a securities company misrepresenting the status of its employee handbook during a cultural construction evaluation, undermining the evaluation's integrity [10]. - Case five highlights a lack of awareness among key personnel regarding their management responsibilities, indicating deficiencies in the company's oversight mechanisms [11]. - Case six points out that the internal audit department failed to supervise the self-assessment process, which is crucial for ensuring the validity and objectivity of the evaluation results [12].

【导读】阿里旗下高德推出"扫街榜"，纳入真实到店行为 中国基金报记者 曹雯璟 9月10日，在阿里巴巴成立26周年之际，阿里旗下高德地图宣布，推出全球首个基于用户行 为产生的榜单"高德扫街榜"。 高德地图CEO郭宁宣布，"高德扫街榜"永不商业化。"真实是榜单的核心生命力，'扫街榜'的 核心目标是真实反映用户的选择。我们相信，提升消费信任一定有助于提振消费信心，让商 家专心经营、顾客安心消费，让线下服务业更健康，更可持续发展。"他说。 纳入真实到店行为 让"刷榜"成为不可能 作为阿里集团又一国民级应用，高德继上个月宣布全面AI化后，又有重大发布。 据了解，目前，"高德扫街榜"已覆盖全国超300个城市的160万个线下服务商家，包括超87 万家餐厅、23万家酒店以及近5万个景区等。 业内人士透露，传统美食榜单产品依赖消费者评价，而评价门槛较低，且难以区分真实度， 让刷分刷榜成了一桩心照不宣的生意。尤其是高分店铺往往可以获得更多流量曝光，更是催 生了刷点评的灰色产业，让不少商家深陷"不刷就没流量、刷了就不能停"的"内卷"泥潭之 中。 "但只有用户去了，甚至反复到店，才是对商家最真实的好评，是真正的'用脚投票'。"李刚介 ...

【导读】 全球对冲基金对中国净买入创出去年9月以来新高 中国基金报记者 吴娟娟 高盛研究部最新数据显示， 8 月，全球对冲基金对中国的净买入创去年 9 月以来新高；对冲 基金对中国的毛头寸达到两年来新高。 高盛主经纪商（ Prime Services ）数据显示，全球对冲基金对亚洲股票市场风险偏好连续 4 个月高企。 8 月，全球对冲基金对中国股市（包括 A 股和港股）的净买入量为自 2024 年 9 月以来的新高。高盛主经纪商平台观测到的数据显示， 8 月，全球对冲基金的中国股票仓位 上升 76 个基点，至两年来的高点。 高盛：中国主导新兴市场公募基金资金流入 公募基金（共同基金）方面，截至 9 月 3 日的一周，除中国内地之外的亚洲新兴市场获外资 流入 13 亿美元，主要由中国台湾和韩国主导，分别获净流入 14 亿和 5 亿美元。其间，印 度流出 4 亿美元、东南亚流出 3 亿美元。亚洲之外的新兴市场同期遭遇净流出 18 亿美元， 主要由南非主导，净流出 19 亿美元。 高盛在报告中指出，截至 9 月 3 日的一周，全球股票基金获资金净流入 180 亿美元，前一 周这一数值是 160 亿美元。具体来看，美 ...