Core Viewpoint - The U.S. government, under President Trump, has announced exemptions from global tariffs for gold bars and certain metals, while imposing tariffs on silicone products, aiming to facilitate trade agreements and protect national security [2][3][4]. Group 1: Tariff Adjustments - The U.S. has exempted gold bars, graphite, tungsten, and uranium from tariffs, while extending tariffs to silicone products and other materials like resins and aluminum hydroxide [3]. - This adjustment is expected to accelerate the implementation of tailored trade agreements with other countries, making it easier to remove tariffs on specific products [3]. Group 2: Market Reactions - Following the announcement, gold prices surged, with spot gold reaching $3600 per ounce and COMEX gold futures exceeding $3655 per ounce [4]. - Concerns over U.S. employment data and potential interest rate cuts have led to a bullish outlook for gold, as investors anticipate a shift towards gold as a safe-haven asset [7]. Group 3: Future Projections - Goldman Sachs has projected that if the credibility of the Federal Reserve is compromised, gold prices could soar to nearly $5000 per ounce, as investors seek alternatives to U.S. Treasury bonds [8]. - The potential for inflation and a decline in the dollar's reserve currency status could further enhance gold's appeal as a store of value [8].

来源： 中国驻日本大使馆 9月5日，中国驻日本大使馆提醒中国公民谨慎参与高风险户外活动。全文如下： 暑期访日旅游安全事故多发。近日，有中国游客在日本冲绳参与滑翔伞活动时意外坠海；还有游 客攀登富士山后身体不适，体力不支，无法自行下山；还有游客未携带必要衣物、装备盲目登 山，迷路遇困。 中国驻日本大使馆再次提醒中国公民参与滑翔伞、登山、涉水等高风险户外活动时，务必提高安 全意识，以免发生危险： 1.谨慎选择项目。 提前了解有关项目剧烈程度、技能要求、安全风险和注意事项。根据自身身体 状况确定活动计划，量力而行，不要过度透支体力。在天气恶劣、饮酒服药后或在身体状况欠佳 时不贸然参与。 2.做好事前准备。 切实增强安全意识，携带必要衣物装备。活动前接受专业安全技能培训或指 导，听从工作人员、教练和救援人员指挥，按规定穿戴救生衣和使用救生设施。提前购买保险， 牢记"自身是本人安全的第一责任人"！ 3.关注安全提醒。 提前关注日本官方发布的风险提示，密切注意气象条件，如遇恶劣天气等，请 及时调整行程，避免冒险出行。严格遵守相关安全规定，切勿前往危险限制区域。 4.保持联络畅通。 参加高风险活动前告知家人、朋友，按照当地 ...

Core Viewpoint - The article emphasizes the importance of global collaboration in asteroid detection and defense to protect Earth, highlighting China's initiative in proposing a comprehensive system for asteroid monitoring, defense, and resource utilization [2][3]. Group 1: Asteroid Detection and Defense - Near-Earth asteroids are identified as one of the most significant potential threats to Earth, with a low probability of impact but immense destructive power [2]. - The complexity of asteroid detection and defense engineering necessitates a well-structured system, significant technical challenges, and urgent international cooperation [2]. Group 2: International Collaboration - The third Deep Space Exploration (Tiandu) International Conference in Hefei, Anhui, gathered over 400 participants from more than 40 countries to discuss the future of deep space exploration and asteroid defense [2]. - China's proposal includes initiatives for joint monitoring, collaborative development of payloads, and sharing of data and results with global partners to build a robust asteroid defense system [2]. Group 3: Future Initiatives - China plans to implement an asteroid kinetic impact verification mission in the near future, which will involve observation, impact, and joint monitoring to assess defense effectiveness [2]. - The conference was co-hosted by the Deep Space Exploration Laboratory and the International Deep Space Exploration Society, which aims to promote technological advancement and academic prosperity in deep space exploration [3].

Core Viewpoint - *ST Zitian has been terminated from listing due to serious financial fraud and failure to rectify false records in its periodic reports [1][3][6]. Summary by Sections Termination of Listing - On September 5, *ST Zitian announced that it received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to serious false records in its financial reports [3][7]. - The stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, with the expected last trading date on October 13 [3]. Financial Misconduct - On May 20, *ST Zitian was ordered by the China Securities Regulatory Commission (CSRC) to rectify its financial accounting reports due to false records but failed to do so within the required timeframe [6][9]. - The company did not disclose corrected financial reports within two months of being warned, leading to the termination of its listing [7]. Regulatory Actions and Penalties - On August 22, *ST Zitian received an administrative penalty from the Fujian Regulatory Bureau, which found false records in its 2022 annual report and 2023 semi-annual report [9]. - The company was fined 8.5 million yuan, and key executives, including the chairman and financial director, received individual fines and warnings [9][10]. - The chairman and financial director were banned from the securities market for ten years due to obstructing regulatory investigations, with a lifetime ban imposed due to the severity of their actions [9].

Core Viewpoint - The recent reform of public fund sales fee rates by the China Securities Regulatory Commission aims to lower costs for investors and reshape the public fund sales ecosystem, emphasizing investor interests and promoting industry transformation [1][3][4]. Summary by Sections Fee Rate Adjustments - The maximum subscription fee rates for equity funds, mixed funds, and bond funds have been reduced to 0.8%, 0.5%, and 0.3% respectively, encouraging sales institutions to further discount fees while covering costs [3][4]. - The reform is seen as a key measure to enhance investor satisfaction and shift the industry focus from "seller sales" to "buyer services" [3][4]. Institutional Responses - Major financial institutions like Industrial and Commercial Bank of China and China Merchants Bank are committed to implementing the reforms, focusing on long-term investor interests and improving service quality [3][4]. - Teng'an Fund has already implemented significant fee discounts and aims to provide comprehensive advisory services, having generated over 100 billion yuan in returns for users since its inception [5][6]. Encouragement of Equity Fund Development - The reform encourages the development of equity funds by maintaining a cap on client maintenance fees at 30% of management fees, promoting better service capabilities among sales institutions [7][8]. - The reduction in fees is expected to enhance the growth of equity funds and improve long-term profitability for investors [7][8]. Long-term Industry Impact - The reform is anticipated to shift the public fund industry from a scale-driven profit model to a performance-driven value model, fostering a healthier industry development [8][9]. - It will also lower passive investment costs for investors, enhance investor protection, and improve overall investment experiences [9].

来源：长安街知事 交通运输部官网"领导网页"栏目更新显示，岑晏青已任交通运输部总工程师，协助部领导负 责技术管理工作，受部领导委托主持研究解决重大工程技术问题，参与主持部专家委员会的 日常工作。 岑晏青，男，汉族，1971年1月生，研究生学历，工学博士，中共党员。 公开资料显示， 岑晏青在交通运输部工作多年，担任过交通运输部公路科学研究院副院长、 总工程师，科技司副司长、司长等职，于2023年底任交通运输部国际合作司司长。 岑晏青 资料图 图源：国新网 les & FR 点击下载中国基金报客户端 ■ 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 此前，李天碧（ 1963年5月出生，湖北公安人） 担任交通运输部总工程师。 ...

Core Viewpoint - The article highlights the increasing regulatory scrutiny on brokerage firms in China due to frequent violations related to customer solicitation practices, particularly the use of third parties for client acquisition [2][5]. Regulatory Actions - Zhongshan Securities' Hefei branch was ordered to rectify its practices by the Anhui Securities Regulatory Bureau for violating regulations by entrusting third parties with investor solicitation activities and inadequate management of personnel [2][3]. - Southwest Securities' Dalian branch received a warning letter from the Dalian Securities Regulatory Bureau for similar violations, including improper client solicitation through bank staff and incomplete business records [3]. Industry Trends - The article notes that Zhongshan Securities and Southwest Securities are not isolated cases, as several other brokerage firms, including China Merchants Securities and Huaxin Securities, have also faced penalties for similar violations [5]. - The implementation of the "Securities Brokerage Business Management Measures" on February 28, 2023, prohibits brokerage firms from entrusting non-licensed individuals or institutions for investor solicitation and service activities [7]. Compliance Issues - There are multiple compliance issues in online customer acquisition, including the dissemination of inappropriate information and unreasonable commission returns [8]. - Specific cases of violations include Huaxi Securities and Everbright Securities, where employees were found to have engaged third parties for client solicitation without proper authorization [7][9]. Competitive Landscape - The brokerage industry is experiencing intense competition, with top firms capturing over half of the market revenue, leading to a "winner-takes-all" scenario [11]. - Data shows that in the first half of the year, 21 listed brokerage firms achieved brokerage business revenues exceeding 1 billion yuan, with the top ten firms collectively earning 46.273 billion yuan, accounting for over 60% of the total brokerage revenue [11]. Recommendations for Improvement - To address the persistent issues in the industry, experts suggest that brokerage firms should optimize performance evaluation systems to include compliance as a key factor, rather than solely focusing on sales or profit metrics [11].

厦门航空表示，厦航始终将旅客的安全放在首位： " 由此带来的航班延误，我们深表歉意， 感谢大家的理解与支持。 " 中国基金报 晨曦 综合整理 近期，厦门航空 MF8468 航班中断起飞一事，引发关注。 9 月 6 日，厦门航空官方微博通报称， 2025 年 9 月 5 日，厦航 MF8468 航班在地面出现 机械故障，为确保飞行绝对安全，机组按程序果断处置，及时中断起飞。公司第一时间从厦 门调派飞机前往贵阳，顺利保障旅客安全抵达目的地。 【导读】厦航通报 MF8468 航班在地面出现机械故障 此前报道： 据新京报报道， 9 月 5 日，贵阳龙洞堡国际机场，厦门航空 MF8468 航班中断起飞，执行 该航班的飞机在跑道上滑行，突然急刹后客舱传出旅客尖叫声，机场采取应急措施，旅客下 机后被妥善安置。 有网友发布视频称，经历了 " 突然震荡 "" 急刹停住 " 。 E意飞机本身 t 體驗紅色灯光 2610 ● 贵阳市| @ ■ ■ · 12小时前 458 吓死人，9月5日原19:55贵阳回杭州厦门航 空MF8468起飞事故，本人亲历。 晚上八点的飞机,本来七点半左右登记硬是 推迟延误一个小时左右才准备起飞,引擎发 ...

2024年2月7日， 中共中央决定，任命吴清同志为中国证券监督管理委员会党委书记，免去易会满同志的中国证券监督管理委员会党委书 记职务。国务院决定，任命吴清同志为中国证券监督管理委员会主席，免去易会满同志的中国证券监督管理委员会主席职务。 彼时， 距离易会满2019年1月26日上任证监会主席，已过去五年多时间。 易会满出生于1964年12月，浙江苍南人，曾任中国工商银行行长、党委书记、董事长，2019年1月任证监会党委书记、主席。 中国基金报记者 泰勒 9月6日，中纪委官网发布消息， 十四届全国政协经济委员会副主任易会满因 涉嫌严重违纪违法 ， 目前正接受中央纪委国家监委纪律审查和监 察调查。 包糖影响家 点击下载中国基金报客户端 ▪ 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 =→ C � - 4 4 a a a ■ 444 444 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 港股日报 全球早班车 开盘速递 数说人物 7 � D x বৰ্বৰ r a la a 4 4 4 ration CHINAFUND CHINAFUND CHINAFU ...

Core Viewpoint - The frequent adjustment of management fees by brokerage asset management companies is primarily driven by the declining yields of money market funds, which have entered the "1% era" due to continuously falling market interest rates. Lowering management fees is seen as a necessary measure to balance product returns and mitigate potential risks for investors [2][4][6]. Group 1: Management Fee Adjustments - Shenwan Hongyuan Asset Management announced a reduction in the management fee for its Shenwan Hongyuan Daily Increase Money Market Fund from 0.9% to 0.3% effective September 2, 2023 [4][5]. - The adjustment is based on an agreement that requires the management fee to be lowered if the seven-day annualized estimated yield calculated at 0.9% falls below or equals twice the current demand deposit rate [4][5]. - Other brokerage asset management firms, such as Guangzheng Asset Management and Changjiang Asset Management, have also adjusted their management fees for similar reasons [2]. Group 2: Industry Context - Many brokerage asset management products maintain a management fee of 0.9%, while ordinary public fund money market products typically charge around 0.3%, creating a significant disparity [6]. - The high fees of brokerage asset management products are attributed to their investment scope, which often includes not only money market instruments but also bonds, leading to higher research and operational costs [6]. - The transition of margin products to public offerings is a challenge for brokerage asset management firms, as they must adapt to a new fee structure that aligns with public fund averages [8][9]. Group 3: Future Implications - By 2025, brokerage asset management firms must complete the public offering transformation of their margin products, or they will need to terminate these products or transfer them to affiliated public companies [8][9]. - If management fees are adjusted to align with public fund levels (approximately 0.3%), brokerage asset management firms could see a reduction of over 2.4 billion yuan in annual management fee income [9]. - Analysts suggest that brokerage asset management firms should shift from reliance on traditional high fees to a model driven by "scale + service" to find new growth opportunities during the public offering transition [9].