陆家嘴财经早餐2025年7月14日星期一

Group 1 - The global trade landscape is at a critical turning point in 2025, with the U.S. tariff policies creating uncertainty but also accelerating the development of a more diversified global trade system. Developing countries and emerging economies, particularly in Asia, Latin America, and the Middle East, are becoming new growth points in global trade [2] Group 2 - The Shanghai Stock Exchange released guidelines for the Sci-Tech Innovation Board, allowing unprofitable companies to enter the growth tier without additional listing thresholds. Existing unprofitable companies will transition to this tier, and new unprofitable companies will enter upon listing [3] - The guidelines maintain the existing conditions for delisting, requiring companies to achieve profitability after listing [3] Group 3 - The A-share market has seen a significant increase in foreign investment, with northbound funds holding a total market value of approximately 2.29 trillion yuan, an increase of 871 billion yuan compared to the end of 2024 [6] - As of July 13, 2025, 510 A-share companies have released their half-year performance forecasts, with 301 companies expecting positive results, indicating a forecasted positive ratio of about 59.02% [5] Group 4 - The railway construction investment in China remained high, with a fixed asset investment of 355.9 billion yuan in the first half of the year, reflecting a year-on-year growth of 5.5% [11] Group 5 - The bond ETF market has seen rapid growth, with the total scale surpassing 400 billion yuan, indicating a significant increase in the number of bond ETFs in the market [15] - There is a growing trend of local governments announcing special bond storage projects, with a required funding scale of 477.6 billion yuan, and the issuance of special bonds is expected to accelerate in the second half of the year [16]