每周回顾 美联储降息25个基点；15位主动权益基金经理跻身“百亿俱乐部”

Macro and Industry - The State Administration for Market Regulation has initiated an antitrust investigation against Nvidia for violating the Anti-Monopoly Law of the People's Republic of China and the announcement regarding the approval of restrictive conditions for Nvidia's acquisition of Mellanox Technologies [1] - The Ministry of Industry and Information Technology is working on the "14th Five-Year" new battery industry development plan, focusing on supply-side structural reforms and regional coordinated development in the lithium battery industry [5] Fund Sales and Performance - The Asset Management Association of China released the top 100 fund sales institutions for the first half of the year, with Ant Group leading in various categories, including equity fund scale and non-monetary fund scale, both exceeding one trillion [2] - In the first eight months, the national public budget revenue reached 148.198 billion, with a year-on-year growth of 0.3%. The stamp duty on securities transactions amounted to 118.7 billion, reflecting a significant year-on-year increase of 81.7% [3] Listed Companies - Yaojie Ankang's stock price surged by 115% on its listing day, reaching a market value of over 120 billion HKD, marking a 30-fold increase since its IPO price of 13.15 HKD [6] - Puran Co. achieved a 20% limit-up in stock price after announcing plans to acquire a controlling stake in its affiliate, which is linked to a semiconductor company [7] - Tencent's market capitalization has returned to 6 trillion HKD, with a stock price increase of 290% since its lowest point in October 2022 [8] - Changfei Optical Fiber's stock has risen by 26.11% over three trading days, with a focus on the early-stage application of hollow-core fiber products [9] - Shanghai Construction's stock hit the limit down after a five-day winning streak, marking a significant drop from its recent high [10] Fund Managers - A total of 15 active equity fund managers have entered the "100 billion club" as of the second quarter of 2025, with notable managers from firms like China Europe Fund and Huitianfu Fund leading in management scale [12][13]