Group 1 - TSMC reported record high revenue and net profit for Q2, exceeding market expectations [1] - HPC and Smartphone segments accounted for 60% and 27% of revenue respectively, with quarter-on-quarter growth of 14% and 7% [1] - TSMC benefits from increased demand for GPUs and ASICs, particularly due to Nvidia's GB200 volume in Q2 [1] Group 2 - Nvidia's CEO highlighted the role of open-source AI in driving global progress, with a focus on the Chinese market [5] - Apple is enhancing its MLX framework with CUDA support, indicating Nvidia's dominance in AI development [5] - The MLX framework is expected to boost Apple's AI capabilities, following the release of its M1, M2, and M3 chips [5] Group 3 - North American and domestic cloud vendors are maintaining high capital expenditure growth, with global AI computing infrastructure on the rise [6] - Nvidia's supply chain is experiencing high growth rates, supported by the release of B-series chips [6] - The communication ETF (515880) is expected to benefit from the surge in AI computing demand, with over 40% exposure to optical modules [6]

Market Performance - The Shanghai Composite Index opened at 3519.48 points, up by 2.65 points, reflecting a gain of 0.08% on July 18 [1] - The Shenzhen Component Index opened at 10902.72 points, increasing by 29.11 points, with a rise of 0.27% on the same day [1] - The CSI 300 Index opened at 4039.87 points, gaining 5.38 points, which corresponds to a 0.13% increase [1] - The ChiNext Index opened at 2279.67 points, up by 10.34 points, marking a 0.46% rise [1] - The STAR 50 Index opened at 1008.13 points, increasing by 2.48 points, representing a 0.25% gain [1]

A股开盘，上证指数涨0.08%，深证成指涨0.27%，创业板指涨0.46%。 ...

Core Insights - The forum held on July 16, 2025, in Nanning, Guangxi, focused on the theme "Empowerment, Sharing, Innovation: AI and Women's Development," discussing the opportunities and challenges AI presents for women and promoting cooperation among women’s organizations in China and ASEAN [1] Group 1: Impact of Cross-Border E-Commerce - The rapid development of cross-border e-commerce has made global products easily accessible, transforming shopping habits and enhancing quality of life [3] - Consumers are increasingly valuing personalization, quality, and convenience, leading to a decrease in brand loyalty and a willingness to try new products [3] - New shopping models like social e-commerce and live-streaming have made the shopping experience more interactive and entertaining [3] Group 2: Advantages and Challenges for Women in Cross-Border E-Commerce - Women possess unique advantages in cross-border e-commerce, including keen market insight, strong communication skills, and resilience in entrepreneurship [3][4] - Challenges faced by women include a lack of international business knowledge and time management pressures due to balancing work and family responsibilities [4] Group 3: Recommendations for Aspiring Female Entrepreneurs - It is advised that aspiring female entrepreneurs start small and focus on niche markets, leveraging their strengths in social media to enhance brand visibility [5] - Joining women entrepreneur networks for resource sharing and support is recommended to avoid isolation in the entrepreneurial journey [5] Group 4: Utilizing AI in Cross-Border E-Commerce - To maximize value in cross-border e-commerce, it is suggested to provide policy support, such as specialized training and funding for female entrepreneurs [7] - Strengthening industry collaboration through support programs for female sellers on platforms like Taobao and Temu is essential [7] - Continuous learning and personal branding are crucial for female entrepreneurs to adapt to new technologies and market trends [7] Group 5: Overall Perspective - Cross-border e-commerce offers a vast platform for women, and through collaborative efforts in policy, technology, and community support, female entrepreneurs can create significant value in the global market [8]

据英国金融时报：人工智能创业公司Perplexity估值在最新一轮融资数月后突破180亿美元。 ...

Core Points - Shandong Shanda Electric Technology Co., Ltd. has successfully completed its initial public offering (IPO) and is now listed on the ChiNext board, with the stock code "301609" and a price of RMB 14.66 per share [1][2] - The total number of shares issued in this IPO is 40.72 million, with all shares being newly issued and no existing shareholders selling shares [1][2] - The IPO includes a strategic placement of 6.108 million shares, accounting for 15% of the total issuance, with the final strategic placement being 4.072 million shares, or 10% of the total issuance [2][4] Strategic Placement - The initial strategic placement was set at 6.108 million shares, but after adjustments, the final strategic placement was 4.072 million shares, with the difference of 2.036 million shares being allocated to the offline issuance [2][4] - The strategic placement was primarily for the company's senior management and core employees through a dedicated asset management plan [2][4] Issuance Mechanism - The issuance was conducted through a combination of strategic placement, offline inquiries to qualified investors, and online pricing for public investors holding non-restricted A-shares [1][2] - The initial offline issuance was 26.2645 million shares, representing 71.67% of the total issuance after deducting the final strategic placement [3][4] Subscription and Allocation - The online subscription saw a high demand with an effective subscription multiple of 9,279.03602 times, leading to a mechanism that allowed for a 20% allocation to the online issuance [3][4] - The final online issuance was 17.7135 million shares, accounting for 48.33% of the total issuance after the strategic placement adjustments [3][4] Financial Details - The total expenses for this issuance amounted to RMB 68.5053 million, which includes various fees and taxes [6][7] - The underwriting by the lead underwriter, Industrial Securities Co., Ltd., included a total of 69,535 shares, representing 0.17% of the total issuance [5][6]

7月17日，在北京市举行的"一把手发布·京华巡礼"海淀专场发布会上，海淀区委常委、组织部部长肖丹 介绍了海淀区的人才资源特点和人才服务政策。 海淀区是全国智力资源最为密集的区域之一，区内有"三大奖"（诺贝尔奖、菲尔兹奖、图灵奖）获奖者 11人；两院院士646位，占全国35.8%。 在人才服务方面，海淀区正在试点建设北京青年人才创新创业生态示范区，将政策支持贯穿人才发展全 生命周期。海淀区提供最高5000万元"科技人才贷"，"海英计划"直接支持资金超2亿元，设立百亿科技 成长基金。同时，为有创业需求的人才提供专业化管家团队，"一对一"创业指导，并配备10万平方米免 费产业空间。 全区人才资源总量200.45万，全市占比约1/4 肖丹介绍，海淀区人才资源总量多。全区人才资源总量200.45万，全市占比约1/4。全区从业人员中人 才占比88.54%，比全市平均水平高17个百分点，是全国智力资源最为密集的区域之一。 同时，海淀区通过集成服务提质，建设人才E+工作站，集成出入境、知识产权、社保等10余项人才高 频业务，让人才服务一站触达，年均受理人才业务9000余件。通过优化流程提速，专窗受理、专人对 接，让"海淀速度 ...

Group 1 - The core focus of the articles is on the importance of attracting and nurturing top talent, particularly in high-tech fields such as artificial intelligence, biotechnology, and quantum computing, to drive innovation and economic growth in Shanghai [1][2][3] - Shanghai has established a robust ecosystem for innovation, with a significant emphasis on high-quality incubators that support the development of leading talents, evidenced by a 33% year-on-year increase in professional incubator personnel [2][3] - The city has seen a notable concentration of young talent, with one-third of the workforce in certain innovation spaces being under 28 years old, indicating a vibrant startup culture [3][5] Group 2 - The Shanghai government has implemented various initiatives to enhance the innovation and entrepreneurship environment, including the "Innovation and Entrepreneurship Service Capability Improvement Plan" initiated in 2017, which focuses on professionalization and internationalization [6][7] - High-quality incubators are increasingly collaborating with universities and research institutions to foster talent development and facilitate the commercialization of scientific research, as seen in the establishment of dual-teacher training mechanisms [7] - The integration of industry experts and experienced investors into incubator teams is helping startups navigate challenges from lab to market, significantly improving their chances of success and accelerating revenue growth [7]

券投资基金 2025 年第 2 季度报告 基金管理人：招商基金管理有限公司 招商创业板大盘交易型开放式指数证 基金托管人：中信建投证券股份有限公司 送出日期：2025 年 7 月 18 日 招商创业板大盘交易型开放式指数证券投资基金 2025 年第 2 季度报告 §1 重要提示 基金管理人的董事会及董事保证本报告所载资料不存在虚假记载、误导性陈述或重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 基金托管人中信建投证券股份有限公司根据本基金合同规定，于 2025 年 7 月 17 日复核 了本报告中的财务指标、净值表现和投资组合报告等内容，保证复核内容不存在虚假记载、 误导性陈述或者重大遗漏。 基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一 定盈利。 基金的过往业绩并不代表其未来表现。投资有风险，投资者在作出投资决策前应仔细 阅读本基金的招募说明书。 本报告中财务资料未经审计。 本报告期自 2025 年 4 月 1 日起至 6 月 30 日止。 §2 基金产品概况 | 基金简称 | 招商创业板大盘 | | | ETF | | | --- | --- | --- | ...

Group 1 - The fund aims to closely track the underlying index, minimizing tracking deviation and tracking error [2][8] - The fund employs a full replication strategy, constructing the investment portfolio according to the composition and weight of the underlying index [2][8] - The fund's performance benchmark is the return of the ChiNext Index [2] Group 2 - As of the end of the reporting period, the fund's net asset value per share was 1.3968 RMB, with a net asset value growth rate of 3.39% [8] - The fund's average tracking deviation during the reporting period was 0.02%, with an annualized tracking error of 0.88% [8] - The fund's total shares at the end of the reporting period were 349,481,881 [4][6] Group 3 - The fund's investment portfolio is primarily composed of stocks, accounting for 99.44% of total assets, with a significant portion in the manufacturing sector [9] - The fund's top ten securities did not include any stocks outside the specified investment universe [10] - The fund did not hold any bonds or asset-backed securities at the end of the reporting period [10][12]