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]

中国基金报记者 嘉合 9 月 5 日，国家金融监督管理总局发布行政处罚公告显示，工银金融资产投资有限公司（以 下简称工银投资）和建信金融资产投资有限公司（以下简称建信投资）因存在业务违规被分 别罚款 40 万元、 85 万元，并对建信投资 1 名涉事责任人给予连带处罚。 具体来看，工银投资存在的主要违法违规行为是服务业务价格管理不规范；建信投资的主要 违法违规行为包括债转股项目开展不审慎，以及服务收费定价程序不规范两项。 | 序 | 当事人名称 | 主要违法违规行为 | 行政处罚内容 | 作出决定 | | --- | --- | --- | --- | --- | | | | | | 机关 | | | 工银金融资产投资 服务 业务 价格 管理不规 对工银金融资产投资有限 金融监管 | | | | | | 有限公司 范。 | | 公司罚款40万元。 | 总局 | 同时，国家金融监督管理总局还对建信投资的徐某博给予连带处罚，对其禁止 5 年从事银行 工作。 | | 建信金融资 产投资有限 | 债转股项目开展不 | 对建信金融资产投资有限公司罚款 | 金融监管 | | --- | --- | --- | --- | ...

Core Viewpoint - The public fund fee reform in China has reached a significant milestone with the release of the revised regulations by the China Securities Regulatory Commission (CSRC), marking the conclusion of a three-phase fee reform process in the public fund industry [3][4]. Fund Fee Reform - The recent reform includes a reduction in sales fees for public funds, full inclusion of redemption fees into fund assets, and the establishment of differentiated caps on trailing commission payments [4]. - This reform is seen as a critical step in enhancing the transparency and efficiency of the public fund market, aiming to benefit investors [3]. Fund Company Management Changes - A significant personnel change occurred in the public fund industry as Zhu Yongqiang, the general manager of Xinda Australia Fund, retired due to age, with Deputy General Manager Fang Jing temporarily taking over the role [5]. Regulatory Actions - In the first half of the year, nine fund companies received warnings or corrective orders from regulators, with some facing fines due to various compliance issues [6][7]. - Reasons for penalties included inappropriate candidates for leadership positions, violations of foreign exchange regulations, and inadequate internal controls [8]. Fund Performance - The public fund industry reported a total revenue of 113.156 billion yuan in management fees, trading commissions, custody fees, and sales service fees, reflecting a 20.52% increase year-on-year [11]. - Notable fund companies such as E Fund, ICBC Credit Suisse, and Southern Fund reported net profits exceeding 1 billion yuan in the first half of the year, with some companies experiencing significant profit growth [10]. Market Trends - The A-share market has shown strong performance, with public equity funds experiencing a resurgence in profitability, leading to a substantial increase in fund issuance and investment activity [12][15]. - The "champion funds" have implemented purchase limits to manage inflows and maintain investment strategy stability, reflecting a cautious approach to rapid market changes [14]. Fund Manager Activities - Prominent private equity manager Ge Weidong has been actively adjusting his portfolio, with significant investments in several companies, indicating a strategic shift in his investment approach [17].

Core Viewpoint - Tonghui Information has been penalized by the Beijing Securities Regulatory Commission for illegal information disclosure, involving multiple executives and resulting in significant financial penalties and market bans for key individuals [2][4][5]. Group 1: Regulatory Actions - The Beijing Securities Regulatory Commission issued a notice of administrative punishment to Tonghui Information and its executives for violations from 2018 to 2021, including fabricating business contracts and manipulating revenue recognition [4][5]. - The company reported inflated revenues of 20.17 million yuan, 9.62 million yuan, 14.98 million yuan, and 18.07 million yuan for the years 2018, 2019, 2020, and 2021 respectively, along with inflated profits of 10.46 million yuan, 8.15 million yuan, 7.37 million yuan, and 5.88 million yuan for the same years [4][5]. Group 2: Financial Penalties - The penalties proposed by the Beijing Securities Regulatory Commission include a fine of 9 million yuan for Tonghui Information, 11.5 million yuan for Chairman Dai Fuhao, 7 million yuan for Vice President Cui Zhenying, and various fines for other executives [5][6]. - Dai Fuhao and Cui Zhenying face market bans of 10 years and 7 years respectively due to their significant roles in the violations [8]. Group 3: Financial Performance - In the first half of 2025, Tonghui Information reported revenues of 37.2 million yuan, a decline of 78.66% year-on-year, and a net loss of 14.39 million yuan, down 50.84% year-on-year [10]. - The company has experienced continuous net losses over the past three years, with losses of 46.5 million yuan, 128 million yuan, and 71.94 million yuan from 2022 to 2024 [10]. Group 4: Company Background - Established in 2008, Tonghui Information focuses on developing and promoting digital solutions in sectors such as education, healthcare talent training, port automation, and finance [10]. - The company transitioned from the National Equities Exchange and Quotations to the Beijing Stock Exchange in November 2021, becoming one of the first companies listed on the new exchange [10].

中国基金报 晨曦 综合整理 多地将有大到暴雨 据中央气象台 9 月 16 日 16 时消息，南海热带低压于 9 月 5 日晚上在南海中东部海面生 成， 9 月 6 日 14 时其中心位于广东省茂名市电白区东偏南约 700 公里的海面上，中心附 近最大风力有 7 级（ 15 米 / 秒）。 预计该低压中心将以每小时 10 ～ 15 公里的速度向西偏北方向移动，即将加强为今年第 16 号台风，之后趋向广东中西部沿海，并将于 9 月 8 日凌晨至中午在上述沿海登陆（强热带风 暴级或台风级， 28 ～ 33 米 / 秒， 10 ～ 12 级），登陆后强度逐渐减弱。 预计 9 月 6 日夜间至 9 日，南海大部、巴士海峡、台湾海峡南部、琼州海峡、北部湾及广 东沿海、海南岛沿海、广西沿海将有 6 ～ 8 级大风，南海中北部的部分海域风力有 9 ～ 10 级，台风中心经过的附近海域或地区风力可达 11 ～ 12 级、阵风 13 ～ 14 级。 新台风即将形成，强风雨来了！ 据中央气象台消息，今年第 16 号台风即将生成，预计 9 月 8 日凌晨至中午在广东中西部沿 海登陆。未来三天，四川、重庆、江苏、安徽等地有较强降水和对 ...

会议强调，要清醒认识全面从严治党永远在路上、党的自我革命永远在路上，全面 落实二十届中央纪委四次全会部署，坚决落实管党治党责任，自觉接受驻证监会纪检监 察组等各方面监督，始终保持战略定力和高压态势，坚决打好反腐败斗争攻坚战持久战 总体战。要坚持领导干部带头，坚持不懈锤炼党性修养，树牢正确权力观，狠抓作风建 设。要全方位完善公权力监督制约机制，深化风腐同查同治，完善防治新型腐败和隐性 腐败的有效机制、手段，下大力气铲除腐败滋生的土壤和条件。要持续巩固拓展深入贯 彻中央八项规定精神学习教育成果，推进中央巡视整改常态化长效化，切实把严的基 调、严的措施、严的氛围长期坚持下去。 会议要求，要坚决贯彻中央关于资本市场工作的一系列重要决策部署，依法加强监 管、有效防范风险，大力推动资本市场高质量发展，更好服务经济持续回升向好和中国 式现代化大局。 中国证监会党委召开会议 坚决拥护党中央对易会满进行纪律审查和监察调查的决定 9月6日，中国证监会党委召开会议，传达中央纪委国家监委对易会满涉嫌严重违纪 违法进行纪律审查和监察调查的决定。驻证监会纪检监察组有关同志参加会议。与会同 志一致表示，坚决拥护党中央决定，坚决拥护中央纪委 ...

东部战区新闻发言人施毅陆军大校表示，9月6日，加拿大"魁北克"号护卫舰、澳大利亚"布里 斯班"号驱逐舰过航台湾海峡并滋扰挑衅。中国人民解放军东部战区组织海空兵力对其过航行 动全程跟监警戒，有效应对处置。加方、澳方行径传递错误信号、增加安全风险。战区部队 时刻保持高度戒备，坚决捍卫国家主权安全和地区和平稳定。 来源：东部战区 ...

威马汽车此前是国内头部造车新势力之一，估值一度超 400 亿元，并且申报了港股 IPO ，但是因资金链断裂深陷停工、欠薪、经销商退网 的泥潭。 如今，威马汽车披露 " 起死回生 " 计划，核心信息包含 2025 年 9 月复产；预计 2026 年实现 10 万辆满产运行，预计年收入近百亿 元； 2027 年至 2028 年启动 IPO 筹备工作； 2030 年挑战产量达 100 万辆、实现营收 1200 亿元的目标。 问题在于，深圳翔飞汽车销售有限公司（以下简称翔飞汽车）作为威马汽车的重整投资人，实力成谜。同时，威马汽车的 " 起死回生 " 计 划，需要面对当前新能源汽车市场持续激烈的竞争。 【导读】威马汽车重整披露三步走规划， 2027 年至 2028 年启动 IPO 筹备 中国基金报记者 邱德坤 9 月 6 日，威马汽车发布的《致供应商白皮书》显示，公司正式启动重整并准备复工复产，上海与温州政府及相关部门提供相应支持。 威马汽车重整投资人曝光 背后股权结构与实力成谜 《致供应商白皮书》显示，翔飞汽车是威马汽车科技集团有限公司、威马智慧出行科技（上海）股份有限公司、苏州威马智慧出行科技有 限公司、威马汽车制 ...

【导读】监管严查证券从业人员违规代客理财 中国基金报记者 孙越 退休后仍躲不过监管追责！ 9 月 5 日，海南证监局披露，财达证券海南分公司前老总敖义私下代客操作证券账户，累计 交易金额约 3.29 亿元，总计亏损金额约 271.66 万元。虽未产生违法所得，但构成违法事 实，敖义被予以警告并罚款 15 万元。 值得注意的是，敖义于 2018 年 4 月入职财达证券海南分公司，并已于 2025 年 2 月从该 分公司退休，涉案期间系证券公司从业人员。 敖义的违规操作分为两个阶段：第一阶段为 2019 年 12 月至 2020 年 7 月，他私下接受余 某蛟委托，登录其指定的普通账户进行证券交易，这段时间内，该账户交易金额约 5970.41 万元，最终盈利约 1.56 万元。 第二个阶段为 2020 年 3 月至 2024 年 5 月，敖义继续接受余某蛟委托，操作其信用账 户，交易金额远超普通账户，交易金额约 2.69 亿元，但账户亏损金额高达 273.22 万元。 综合两个账户的交易情况计算，敖义在违规期间累计操作交易金额约 3.29 亿元，总计亏损约 271.66 万元。敖义接受委托期间未产生违法所得。 根 ...

"这次月全食，在大西洋东部、大洋洲、亚洲、印度洋、欧洲、非洲、太平洋西部、南极洲都 可以看到。"宋媛媛说，美中不足的是月全食发生在我国的后半夜，想看"红月亮"需要熬夜， 观测月全食通过肉眼、望远镜、相机、手机均可。 就全球而言，每年发生日月食的次数最多为7次，最少只发生2次。最常见的是发生4次日月 食，即2次日食和2次月食，今年就属于这种情况。这4次日月食中，对于我国公众来说，观测 条件最好的就是本月的这次月全食。 这次月全食始于北京时间9月7日23时28分，此时月球开始稍微阴暗（半影食始）；8日零时 27分，月面开始有缺（初亏）；1时31分，月球完全进入地球本影（食既）；2时12分，月球 的中心与地球本影的中心最近（食甚）；2时53分，月球开始重现光芒（生光）；3时56分， 月球走出地球本影（复圆）；4时55分，月食现象结束（半影食终）。其中，食既到生光为全 食阶段，也就是民间俗称的"红月亮"，持续1小时22分。 记者了解到，上一次我国可见全过程的月全食是在2022年11月8日，而下一次可见全过程的 月全食则要等到2028年12月31日至2029年1月1日，这是一次罕见的"跨年月全食"。 les & FR ...