Core Viewpoint - The WeChat Coral Security WeChat public account announced the removal of nearly a hundred non-compliant micro-short drama programs due to inappropriate content and infringement issues, in accordance with national laws and regulations [2]. Group 1 - The platform conducted inspections and found that some micro-short dramas contained harmful value orientations or infringed on rights [2]. - The announcement stated that the removed programs included those with poor guidance, vulgar content, and a lack of positive value support [2]. - Actions were taken against the non-compliant mini-programs as per the relevant provisions of the Tencent WeChat Software License Service Agreement and WeChat Mini Program Operation Specifications [2].

Core Viewpoint - The recent surge in gold and silver prices is driven by multiple factors, with silver showing greater elasticity and potential for further increases, while gold remains a more stable long-term investment option [15][18][32]. Group 1: Recent Price Movements - Gold and silver prices have reached historical highs, with COMEX gold hitting $3655.5 per ounce and silver reaching $42.29 per ounce, marking year-to-date increases of over 30% and 40% respectively [2][15]. - The primary drivers for the recent price increases include unexpected weakness in U.S. non-farm payroll data, which has led to market expectations for a rate cut by the Federal Reserve [17][18]. Group 2: Factors Influencing Gold and Silver Prices - Key factors influencing gold prices include the Federal Reserve's dovish stance, concerns over the independence of the Fed, and ongoing geopolitical risks [18][22]. - Silver's price increase is supported by industrial demand, particularly in sectors like renewable energy and 5G technology, alongside a tightening supply-demand balance [26][28]. Group 3: Long-term Outlook - The long-term outlook for gold remains positive due to ongoing central bank purchases and the potential for further rate cuts, which could enhance gold's appeal as a non-yielding asset [24][30]. - Silver's industrial demand is expected to provide additional support, especially if the global economy avoids a deep recession [31]. Group 4: Investment Strategies - Various investment avenues for precious metals include physical gold and silver, ETFs, futures, and mining stocks, each catering to different risk appetites and investment goals [34][39]. - Gold ETFs are highlighted as a convenient and cost-effective way for investors to gain exposure to gold prices, while mining stocks may offer higher returns for those willing to accept greater risk [40].

Core Viewpoint - Three new stocks are available for subscription next week, including YouSheng Co., a supplier for Tesla and Xiaomi Auto [2][15]. Group 1: ShiChang Co. - ShiChang Co. has its largest customer as Geely Auto [3]. - The subscription code for ShiChang Co. is 920022, with an issue price of 10.90 CNY per share and a P/E ratio of 10.32, compared to the industry average of 28.77 [4]. - The total issuance is 15.7 million shares, with 12.56 million shares available for online subscription, and a maximum subscription limit of 745,700 shares [5]. - ShiChang Co. specializes in the R&D, production, and sales of automotive fuel systems, primarily producing plastic fuel tank assemblies with features like lightweight, low emissions, and high safety [5]. - The company has a high customer concentration risk, with the top five customers accounting for 93.22% to 95.56% of revenue from 2022 to 2024 [5]. - Revenue projections for ShiChang Co. are 282 million CNY, 406 million CNY, and 515 million CNY for 2022, 2023, and 2024, respectively, with net profits of 18.12 million CNY, 51.93 million CNY, and 69.24 million CNY [5]. Group 2: HaoChuangRuiTong - HaoChuangRuiTong is recognized as a national-level specialized and innovative "little giant" enterprise [9]. - The subscription code for HaoChuangRuiTong is 301668, with the issue price and P/E ratio yet to be disclosed, but the industry average P/E is 22.81 [9]. - The total issuance is 27.9 million shares, with 6.7 million shares available for online subscription, and a maximum subscription limit of 650 shares [9]. - The company focuses on smart distribution equipment and digital solutions for distribution networks, with major clients including State Grid and Southern Power Grid, where sales to State Grid exceed 50% of revenue [10]. - Revenue projections for HaoChuangRuiTong are 560 million CNY, 672 million CNY, and 867 million CNY for 2022, 2023, and 2024, respectively, with net profits of 68.76 million CNY, 87.41 million CNY, and 111 million CNY [10]. Group 3: YouSheng Co. - YouSheng Co. has entered the supply chain for Tesla and Xiaomi Auto [15]. - The subscription code for YouSheng Co. is 732418, with the issue price and P/E ratio yet to be disclosed, but the industry average P/E is 28.85 [16]. - The total issuance is 48.27 million shares, with 15.45 million shares available for online subscription, and a maximum subscription limit of 15,000 shares [16]. - YouSheng Co. is a significant supplier of aluminum alloy components for new energy vehicles, with products including threshold beams, battery trays, and bumpers [16]. - The company’s clients include Tesla, GAC Group, NIO, and others, with products supplied to Tesla for Model Y and Model 3 [16][18]. - Revenue projections for YouSheng Co. are 2.35 billion CNY, 2.90 billion CNY, and 3.95 billion CNY for 2022, 2023, and 2024, respectively, with net profits of 233 million CNY, 321 million CNY, and 405 million CNY [20]. - For the first three quarters of 2025, YouSheng Co. expects revenue between 3.406 billion CNY and 3.506 billion CNY, with a net profit between 348 million CNY and 360 million CNY [22].

Core Viewpoint - ST Lingnan and its former controlling shareholder Yin Hongwei are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, further complicating the company's already challenging situation [2][4]. Group 1: Investigation and Legal Issues - On September 5, ST Lingnan announced that both the company and Yin Hongwei received a notice of investigation from the CSRC due to suspected information disclosure violations [2][4]. - The specific matters involved in the investigation have not been disclosed, but ST Lingnan stated it would cooperate fully with the CSRC [4]. - Yin Hongwei's shares have been subject to judicial auction due to debt disputes, with 20 million shares auctioned for 33.65 million yuan [10][12]. Group 2: Financial Performance and Debt - ST Lingnan has faced significant financial difficulties, reporting losses of 1.55 billion yuan in 2022, 1.09 billion yuan in 2023, and 984 million yuan in 2024 [16][18]. - The company is currently under severe operational pressure, with multiple lawsuits and arbitration cases exacerbating its financial strain [15][19]. - As of September 5, ST Lingnan's stock price was 1.68 yuan per share, with a total market capitalization of 3.058 billion yuan [25]. Group 3: Shareholding and Control Changes - The company underwent a change in control in 2022, transferring ownership to Guangdong Zhongshan State-owned Assets, while Yin Hongwei retained the position of the largest shareholder and continued as a core executive [9][10]. - As of September 4, Yin Hongwei held 267.79 million shares, accounting for 14.71% of the total share capital, with 59.26 million shares already auctioned [12][13]. Group 4: Operational Challenges - In the first half of 2025, ST Lingnan reported revenue of 179 million yuan, a decrease of 70.79% year-on-year, and a net loss of 128 million yuan, which was a 50.02% reduction compared to the previous year [24]. - The company faces extended project settlement cycles and decreased efficiency in accounts receivable turnover, further straining its operational capabilities [24].

【导读】我国外汇储备规模 上升 ，央行连续第 10 个月增持黄金 中国基金报记者 王思文 9 月7日，国家外汇管理局统计数据显示，截至2025年 8 月末，我国外汇储备规模为3 3222 亿美元，较 7 月末 上升 2 99 亿美元， 升 幅为0. 91 %。这是我国外汇储备连续2 1 个月 站上3.2万亿美元大关， 在7月短暂下降后再次回到 环比 上升 态势。 国家外汇管理局表示，当月外汇储备规模 上升 ，主要是受汇率折算和资产价格变化等因素综 合作用。 央行连续第 10 个月增持黄金 2025年前 8 个月，我国外汇储备余额 基本保持 连续增长 态势，1—6月份 分别增加66.79 亿美元、182亿美元、134.41亿美元、410亿美元、36亿美元、322亿美元。7月份首次出现 下降，规模环比下降252亿美元。 8月份回归至增长态势。 国家外汇管理局表示，2025年8月，受主要经济体货币政策预期、宏观经济数据等因素影 响，美元指数下跌，全球金融资产价格总体上涨。汇率折算和资产价格变化等因素综合作 用，当月外汇储备规模上升。我国经济运行稳中有进，展现出强大韧性和活力，为外汇储备 规模保持基本稳定提供支撑。 ...

9月7日0时34分，我国在太原卫星发射中心使用长征六号改运载火箭，成功将遥感四十号03组 卫星发射升空，卫星顺利进入预定轨道，发射任务获得圆满成功。 来源：新华社 我国成功发射遥感四十号03组卫星 遥感四十号03组卫星主要用于开展电磁环境探测及相关技术试验。 这次任务是长征系列运载火箭的第593次飞行。 ...

Core Viewpoint - The investigation into the procurement of firewall and DNS equipment by Chongqing Three Gorges University revealed significant issues, including fraudulent practices by the winning bidder and negligence by the university and procurement agency [2][6]. Group 1: Incident Overview - The procurement project for firewall and DNS equipment was budgeted at 900,000 yuan, with a competitive negotiation process initiated by the university [3]. - The winning bid was awarded to Hongzheng Company, which quoted 850,000 yuan per unit for a product that retailed for only 299 yuan on an e-commerce platform [2][3]. Group 2: Bidder's Background - Hongzheng Company, established in June 2015, had no prior bidding experience and was previously listed in the business abnormality record due to lack of tax and social security contributions [4]. - The company submitted false documentation to gain bidding eligibility and selected an inappropriate product based on online searches [5]. Group 3: Evaluation Process - The evaluation committee failed to verify the product specifications and relied on the lowest bid without thorough assessment [5]. - Concerns raised by the procurement representative regarding the suitability of the product were not escalated to higher authorities in a timely manner [6]. Group 4: Findings and Accountability - The investigation identified multiple failures, including fraudulent actions by Hongzheng Company and inadequate oversight by Chongqing Three Gorges University and the procurement agency [6]. - Several individuals involved in the procurement process faced disciplinary actions, including investigations and dismissals [7]. Group 5: Regulatory Actions - Hongzheng Company was fined 9,000 yuan and banned from participating in government procurement for three years due to violations of procurement laws [7]. - The investigation prompted calls for improved regulatory frameworks and internal controls to prevent similar incidents in the future [7].

事故正在进一步调查处理中。 江汉区公安分局交通大队 2025年9月7日 6 @平安江汉 来源： 平安江汉 les & FR 点击下载中国基金报客户端 9月7日凌晨，武汉"平安江汉"发布警情通报： 9月6日22时20分许，辖区花楼街交通路路口发生一起交通事故，造成7人受伤（均无生命危 险）。接警后，民警迅速到场处置，会同120将伤者紧急送医救治，并抓获肇事司机耿某某 （男，24岁）。 事故正在进一步调查处理中。 ■ 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 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 ...

内幕交易获利超 26 万元 【导读】宁波证监局披露内幕交易案：李君刚内幕交易旗天科技，被罚没超 106 万元 中国基金报记者 林雪 近日，宁波证监局公布了一则行政处罚决定书，揭露了一起颇具戏剧性的内幕交易案。李君 刚在办公室门口偶然听到关于旗天科技定增的内幕信息后，操作亲属账户买入该股票，成交 金额约为 30 万元，最终盈利约 26 万元。 宁波证监局决定，对李君刚没收违法所得约 26 万元，并处以 80 万元的罚款，合计罚没金额 超 106 万元。 | 索 引 号 | bm56000001/2025-00010273 | से 类 | 行政执法;行政处罚决定 | | --- | --- | --- | --- | | 发布机构 | 宁波证监局 | 发文日期 | 2025年08月29日 | | 名 称 | 中国证券监督管理委员会宁波监管局行政处罚决定书(李君刚) | | | | 文 팀 | 行政处罚决定书〔2025〕6号 | 主题词 | | 在办公室门口听到定增合作事项 在听证会及陈述申辩材料中，李君刚及其代理人提出了三点申辩： 第一，李军刚并非故意刺探获取内幕信息。他偶然听到万某和韩某的可能开展合作的谈话， ...

Group 1 - The core candidates for the next Federal Reserve Chair are Kevin Hassett, Christopher Waller, and Kevin Walsh, as stated by President Trump [4][5][6] - Trump's criticism of Jerome Powell's decision to maintain interest rates has intensified, especially following the release of weak employment data [6][8] - The latest non-farm payroll report indicates only 22,000 jobs were added in August, significantly below expectations, with the unemployment rate rising to 4.3% [8][10] Group 2 - Investors are increasingly betting on a rate cut by the Federal Reserve, with expectations of a 25 basis point cut in mid-September, and a possibility of a 50 basis point cut [9][10] - The current employment data suggests that initiating a rate cut is reasonable, drawing parallels to past instances where the Fed acted in response to weak job growth [9][10] - The employment market in the U.S. is showing signs of weakness, with a "tight balance" state where employees find it increasingly difficult to secure new jobs after layoffs [10]