西太平洋银行称，美国贸易法院叫停特朗普关税加剧混乱局面，这是"反复无常之处，对美元资产没有 好处"。 ...

【环球时报报道 记者 顾锦东 赵瑜莎】28日，中共中央政治局委员、外交部长王毅同基里巴斯总统兼外 长马茂在厦门共同主持第三次中国—太平洋岛国外长会。这是该会议首次在华线下举办，11个同中国建 交的岛国外长或代表，以及太平洋岛国论坛副秘书长纳亚西应邀参会。与会各方就中国同太平洋岛国关 系及共同关心的议题深入交换意见，达成广泛共识。 第三次中国—太平洋岛国外长会联合声明中说，中方重申习近平主席提出的中国发展同太平洋岛国关系 政策：充分尊重岛国主权和独立，充分尊重岛国意愿，充分尊重岛国民族文化传统，充分尊重岛国联合 自强。强调中国对太平洋岛国的帮助不附加政治条件，不强加于人，不开"空头支票"。 中国国际问题研究院亚太研究所助理研究员林铎接受《环球时报》记者采访时表示，"四个充分尊重"原 则不但精准概括了中国一以贯之的太平洋岛国政策，也是下阶段双方关系全面提质升级的重要航标。 外交部发言人毛宁此前在例行记者会上介绍，中方高度重视同太平洋岛国关系，期待通过此次外长会， 积极落实双方领导人的重要共识，加强团结协作，共谋发展繁荣，携手构建更加紧密的中国—太平洋岛 国命运共同体。 卡塔尔半岛电视台28日援引分析人士的话称，对 ...

Core Viewpoint - The third foreign ministers' meeting between the People's Republic of China and Pacific Island countries took place on May 28-29, 2025, focusing on enhancing cooperation and addressing common concerns [1] Group 1: Cooperation Framework - Participants agreed to promote high-quality integration of the Belt and Road Initiative with the "Blue Pacific 2050 Strategy" to contribute to regional prosperity [1] - A consensus was reached on establishing seven cooperation platforms, including emergency material reserves, climate change response, poverty alleviation, disaster reduction, mycorrhizal grass, agriculture, and police training, with priority areas determined based on national conditions [1] Group 2: Cultural and Economic Exchange - There was a mutual agreement to strengthen exchanges and cooperation in education, culture, tourism, health, and media, as well as to expand local interactions [1] - The parties agreed to explore the economic feasibility of opening more direct flights between China and the Pacific Island countries [1]

Core Viewpoint - Westpac Banking Corporation anticipates that the Reserve Bank of New Zealand will lower the official cash rate to 3% in August instead of July [1] Group 1 - The expected change in the official cash rate reflects a shift in monetary policy timing by the Reserve Bank of New Zealand [1]

Core Insights - Hydrogen transportation is rapidly developing in China, with over ten operational routes exceeding 500 kilometers, notably the 700-kilometer route connecting Luliang Xiaoyi and Tianjin Port [1][2] - The Luliang Xiaoyi to Tianjin Port route is the first long-distance commercial zero-carbon logistics corridor in China, utilizing hydrogen-powered heavy trucks that emit only water during operation [1][2] - The transition from coal-based economy to hydrogen energy in Luliang is crucial for achieving a green transformation, as the region has significant coal resources [1][2] Industry Developments - The performance of hydrogen heavy trucks has significantly improved, with the range increasing from 350 kilometers to 650 kilometers, while purchase costs have decreased, facilitating large-scale adoption [2] - The establishment of a hydrogen refueling station network is essential for operational efficiency, exemplified by the North Yao Hydrogen Comprehensive Energy Island, which can supply 8,000 kilograms of hydrogen daily [2] - The current logistics primarily transport coal, replacing high-pollution fuel trucks, and future operations will incorporate advanced monitoring technologies to enhance efficiency and reduce costs [2] Competitive Landscape - China has surpassed Germany in the hydrogen transportation sector due to its large market, industrial integration capabilities, and favorable policies, despite Germany's technological advantages [2] - The competition between China and Germany in the hydrogen sector is expected to accelerate the global energy transition process [2]

报告摘要 市场表现： 2025 年5 月23 日，医药板块涨跌幅+0.42%，跑赢沪深300 指数1.23pct，涨跌幅居申万31 个子行业第2 名。各医药子行业中，医疗设备(+1.43%)、医疗研发外包(+0.98%)、线下药店（+0.74%）表现居前，疫 苗（-0.68%)、血液制品(-0.43%)、医院（-0.27%)表现居后。个股方面，日涨幅榜前3 位分别为新天地 (+20.02%)、海辰药业(+20.00%)、多瑞医药(+20.00%)；跌幅榜前3 位为亚虹医药（-5.86%）、百济神州 (-4.15%)、润都股份（-3.94%)。 行业要闻： 近日，GSK 宣布，美国FDA 批准其"first-in-class"抗体疗法Nucala（Mepolizumab）作为辅助维持治疗， 用于伴有嗜酸性粒细胞表型、病情控制不佳的成人慢性阻塞性肺病（COPD）患者。Nucala 是一种靶向 IL-5的单克隆抗体，已开发用于治疗一系列与2 型炎症相关的IL-5 介导疾病。 该药是首个在临床表现多样COPD 人群中开展研究并获批用于嗜酸性粒细胞表型患者的生物制品，该疾 病表型以血液嗜酸性粒细胞计数（BEC）≥150 ...

证券代码：601099 证券简称：太平洋 公告编号：临 2025-14 太平洋证券股份有限公司 诉讼进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、诉讼基本情况 太平洋证券股份有限公司（以下简称"公司"）前期发布的公告披露了公司 诉杨军及上海佳铭房产有限公司等侵权责任纠纷案（江苏隆明）、公司诉杨军及 上海佳铭房产有限公司等侵权责任纠纷案（达孜恒盛）的基本情况及进展情况， 具体详见公司于 2022 年 7 月 2 日、2023 年 2 月 9 日、8 月 2 日、8 月 31 日发布 的诉讼进展公告（公告编号：临 2022-20、临 2023-06、临 2023-30、临 2023-35）。 近日，公司收到法院针对上述案件作出的法律文书。现将上述案件进展情况公告 如下： （一）公司诉杨军及上海佳铭房产有限公司等侵权责任纠纷案（江苏隆明） （二）公司诉杨军及上海佳铭房产有限公司等侵权责任纠纷案（达孜恒盛） 因达孜县恒盛股权投资合伙企业（有限合伙）（以下简称"达孜恒盛"）股票 质押式回购交易违约，公司于 2019 年 ...

市场表现： 2025 年5 月22 日，医药板块涨跌幅-0.73%，跑输沪深300 指数0.67pct，涨跌幅居申万31 个子行业第14 名。各医药子行业中，医疗研发外包(+0.04%)、血液制品(-0.37%)、其他生物制品（-0.51%）表现居 前，医院（-1.83%)、线下药店(-1.65%)、医药流通（-1.37%)表现居后。个股方面，日涨幅榜前3 位分别 为三生国健(+20.00%)、亚虹医药(+12.26%)、迈威生物(+11.71%)；跌幅榜前3 位为赛升药业 （-11.63%）、拓新药业(-10.93%)、拱东医疗（-9.99%)。 行业要闻： 近日，Ionis 宣布，公司开发的反义寡核苷酸（ASO）疗法Tryngolza（Olezarsen）在Essence 临床3 期研 究中取得积极的顶线结果。数据显示，该药在治疗6 个月后显著降低了患者的甘油三酯水平，达到主要 终点，且在所有关键次要终点上也取得统计学显著改善。Olezarsen 是一种反义寡核苷酸疗法，旨在抑 制机体产生载脂蛋白C-III（apoC-III，一种在肝脏中产生的调节血液中TG 代谢的蛋白）。 风险提示：新药研发及上市不及预 ...

Market Performance - On May 22, 2025, the CSI 300 index fell by 0.06%, with the machinery sector declining by 0.98%, ranking 20th among all primary industries [1] - Within the sub-sectors, railway transportation equipment saw the highest increase of 0.57%, while lithium battery equipment experienced the largest drop of 2.21% [1] - Top three gainers included Hongming Co. (+20.00%), Huayan Precision (+19.99%), and Dongbei Group (+10.03%), while the largest decliners were Xinbang Intelligent (-17.76%), Gribot (-8.03%), and Ruihua Technology (-6.72%) [1] Company Announcements - Jindun Co.'s major shareholder reduced its stake from 7.08% to 6.00% through a centralized bidding process, decreasing its holdings by 1.08% [2] - Boying Special Welding's major shareholder plans to reduce its stake from 5.10% to 3.10%, with a total reduction of 2% through centralized bidding and block trading [2] - Boying Special Welding's other major shareholder reduced its stake from 8.10% to 8.00%, with a total reduction of 0.11% [2] - Jindi Co. plans to establish a wholly-owned subsidiary in Germany, Jindi Technology Europe Co., with an initial registered capital of €300,000 to support its overseas market expansion strategy [2] Industry News - The 2025 China (Guangzhou) International Logistics Equipment and Technology Exhibition (LET 2025) and the 2025 Guangzhou International Intelligent Robot Exhibition (IRE2025) opened on May 21, 2025, featuring over 600 brand exhibitors and covering more than 50,000 square meters [5] - The exhibitions focus on themes such as "Smart Factory, Intelligent Logistics, and Robotics," showcasing innovations in logistics systems, mobile robots, and intelligent loading technologies [5] - The event included a special interactive area for robot demonstrations, enhancing audience engagement with innovative products [5] Semiconductor Equipment - Tsinghua University's research team made significant progress in high-frequency supercapacitor research, addressing the challenges of power management chips amid rising demands for computing power and efficiency [6][7] - The team achieved a breakthrough by quantitatively measuring the upper limit of dynamic response frequency for supercapacitors, utilizing micro-nano processing technology to create ideal electrodes [7] - A new concept of "dielectric-electrochemical" asymmetric capacitors was proposed, achieving a characteristic frequency exceeding 1 MHz, significantly higher than commercial supercapacitors [7]

[Table_Author] 证券分析师：刘晓锋 电话：13401163428 [Table_Title] 金 金融工程点评 [Table_Message]2025-05-21 金工 ETF 点评：宽基 ETF 单日净流出 16.79 亿元；传媒、医药拥挤度激增 电话：18910596766 E-MAIL：liuxf@tpyzq.com 执业资格证书编码：S1190522090001 研究助理：孙弋轩 E-MAIL：sunyixuan@tpyzq.com 一般证券业务登记编码：S1190123080008 一、资金流向 二、行业拥挤度监测 ◼ 通过构建行业拥挤度监测模型，对申万一级行业指数的拥挤度进行每日监测， 前一交易日纺织服饰、美容护理、轻工制造拥挤度靠前，相比较而言，电子、 石油石化的拥挤度水平较低，建议关注。此外，传媒、医药生物单日拥挤度 变动较大。从主力资金流动来看，前一交易日主力资金流入电子、传媒、医 药生物，流出国防军工、基础化工、计算机。近三个交易日主力资金增配汽 车、家用电器、银行，减配计算机、基础化工、国防军工。 三、ETF 产品关注信号 ◼ 根据溢价率 Z-score 模型搭建相关 ET ...