追踪保险银行业圈内动态，剖析最新风向，分享有料、有价值的"内行人"洞察见解。 阿尔法工场金融家 . 导语：当反腐成为银行市值管理的第一生产力，银行自身的真正生产力又在哪里？ 一家国有大行的市值更迭，往往藏着比K线图更复杂的潜流。 8月20日盘中，农行（601288.SH）流通市值达22634亿元，领先工行（601398.SH）流通市 值 20464亿元。 以下文章来源于阿尔法工场金融家 ，作者银妹妹 早在两周前，8月6日，农行的A股市值就一度超过了工行，成为A股新的市值冠军。 除了公募基金调仓银行股之外，推动农行今年股价上涨近33%的力量，并非仅仅来自业绩上的突 破。 有观点认为，真正打动资本市场的，是一场深入肌理的"清算"——腐败链条的系统性曝光与整 顿。 这场清算的信号始于2024年5月，当时农行总行副行长、分管不良资产处置的楼文龙被查，市场 开始意识到这或许并非孤立事件。随后，原深圳分行行长许锡龙、总行原营销总监兼机构业务部 总经理易映森相继落马，一场针对资金、资源密集领域的深度治理已然展开。 随着高层案件陆续进展，农行股价在2024年开始走出低谷。 2023年时，农行股价一度徘徊在2.8元附近，市净率 ...

值得一提的是，今年7月，中央第六巡视组进驻上海市，开展2个半月左右的巡视。中央巡视组将紧盯权力和责任，紧 盯"一把手"和领导班子，紧盯群众反映强烈的问题，着力查找政治偏差，推动解决突出问题。 （文章来源：证券时报） 据上海城投公众号消息，蒋曙杰最近一次现身是在8月9日，当天，上海市委常委、浦东新区区委书记李政前往陆家嘴水 厂开展调研。蒋曙杰陪同。 反腐。 据廉洁上海消息，上海城投（集团）有限公司党委书记、董事长蒋曙杰涉嫌严重违纪违法，目前正接受上海市纪委监委 纪律审查和监察调查。 ...

Core Viewpoint - The recent expulsion of Liu Weidong from China Weaponry Equipment Group marks the end of a 37-year career in the automotive industry, highlighting issues of corruption within the sector [1][4]. Group 1: Career Overview - Liu Weidong began his career in 1988 after graduating from Wuhan University of Technology, gradually rising through the ranks at Dongfeng Motor Corporation [3]. - He became the General Manager of Shenlong Automobile in 2001, where he led significant product diversification and capacity enhancement initiatives [3]. - Despite initial successes, Shenlong's sales plummeted after 2016, with only 68,300 units sold in 2024 [3]. Group 2: Corruption Allegations - Liu Weidong's expulsion was due to three main issues: engaging in power-for-money transactions, facilitating benefits for others, and fostering a corrupt environment among his subordinates [4]. - His actions led to a series of investigations into former colleagues, indicating a broader corruption issue within the automotive industry [4]. Group 3: Industry Impact - Shenlong Automobile has struggled to launch competitive electric vehicle models despite obtaining production qualifications for new energy vehicles in 2019 [5][7]. - The company's slow progress in the electric vehicle market raises concerns about its ability to secure a foothold and gain market share [5].

Core Viewpoint - The article highlights the ongoing anti-corruption efforts in China, detailing the investigations and disciplinary actions taken against various officials and executives within government and state-owned enterprises [2][3]. Group 1: Investigations - A total of 74 individuals are under investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission, including prominent figures such as Wu Shenghua, Liu Hui, and Han Song [2]. - The investigations encompass a range of officials from different provinces and sectors, indicating a broad scope of scrutiny [2]. Group 2: Disciplinary Actions - 46 individuals have received disciplinary actions, including severe penalties such as expulsion from the Party and public office for serious violations [3]. - Notable cases include Liu Weidong from the Equipment Development Department and Yuan Guangyu from China National Offshore Oil Corporation, both of whom were expelled for serious violations [3]. - The disciplinary actions reflect a stringent approach to governance and accountability within state institutions [3].

Core Viewpoint - The article highlights the recent disciplinary actions taken by the Central Commission for Discipline Inspection (CCDI) against three senior officials, emphasizing the ongoing anti-corruption efforts within the Chinese government and the increasing severity of these measures since the 20th National Congress of the Communist Party of China [1][2]. Group 1: Disciplinary Actions - Three senior officials were expelled from the Party and public office for serious violations of discipline and law: Zhou Xi'an, Wang Zhonghe, and Chen Shifei [1][2]. - Zhou Xi'an, former Vice Chairman of the Anhui Provincial Political Consultative Conference, was found guilty of corruption and abuse of power, engaging in power-for-money transactions [1][8]. - Wang Zhonghe, former Vice Chairman of the Inner Mongolia Autonomous Region Political Consultative Conference, was accused of using his position for personal gain and engaging in bribery [2][12]. - Chen Shifei, former Deputy Director of the National Medical Products Administration, was implicated in using his authority to benefit others in the pharmaceutical sector and was also involved in corrupt practices [2][22]. Group 2: Background of Officials - Zhou Xi'an had a long career in various central government departments before his appointment in local government, where he served in multiple leadership roles [6][7]. - Wang Zhonghe had over 40 years of experience in Inner Mongolia, holding significant positions in local governance, including mayoral roles in major cities [14][15]. - Chen Shifei had a 39-year career in drug management, transitioning from provincial to national oversight, and was the first senior official from the National Medical Products Administration to be investigated [21][22]. Group 3: Implications for the Pharmaceutical Sector - The CCDI has intensified its focus on corruption within the pharmaceutical industry, identifying it as a key area for reform due to its susceptibility to corrupt practices [23][24]. - Recent investigations have led to the downfall of several high-ranking officials in provincial drug supervision agencies, indicating a broader crackdown on corruption in this sector [24].

Core Viewpoint - The article highlights the disciplinary investigation of Liu Sui, the General Manager of Sichuan Shudao Logistics Group, for serious violations of discipline and law, marking a significant event in the ongoing anti-corruption efforts within the company and the broader Sichuan provincial government [2][3]. Group 1: Company Overview - Sichuan Shudao Logistics Group was established in December 2021 as a wholly-owned subsidiary of Sichuan Shudao Group, with a registered capital of 10 billion yuan and total assets amounting to 24.7 billion yuan [3]. - Sichuan Shudao Group, formed by the merger of the original Sichuan Transportation Investment Group and Sichuan Railway Investment Group, is a large state-owned enterprise in Sichuan province, with total assets exceeding 1.5 trillion yuan and over 500 wholly-owned and controlled enterprises [3]. Group 2: Recent Investigations - Liu Sui, who has held various positions in the engineering and transportation sectors, is currently under investigation by the Sichuan Provincial Commission for Discipline Inspection and the Supervisory Commission [2][3]. - Prior to Liu Sui's case, several other officials within the Shudao Group have also been investigated for serious violations, including He Wei and Xiong Qigao, indicating a pattern of disciplinary actions within the organization [3][4]. - The former General Manager of Sichuan Transportation Investment Group, Zheng Yong, was also investigated and expelled from the party for engaging in business activities and accepting illegal benefits [4].

Group 1 - The ongoing conflict between Russia and Ukraine is overshadowed by other global issues, including the trade war initiated by Trump and the situation in Gaza, leading to a lack of media coverage on the conflict [1] - Trump has indicated that Ukraine could receive more U.S.-made weapons if NATO allies cover the costs, while giving Russia a 50-day ultimatum to reach a peace agreement with Ukraine, threatening severe sanctions and up to 100% secondary tariffs if unsuccessful [1][2] - Analysts express skepticism about whether the threat of further sanctions will genuinely compel Putin to negotiate with Ukraine, highlighting the complexities of the situation and the potential for unknown variables [2][3] Group 2 - Ukraine is experiencing internal unrest due to dissatisfaction with the ongoing martial law, lack of elections, and concerns over Zelensky's wartime leadership, which has led to protests against government actions perceived as undermining anti-corruption efforts [4] - The recent government reshuffle in Ukraine has raised concerns about Zelensky consolidating power among loyalists, potentially alarming international supporters and donors [4][5] - The current dynamics suggest that Ukraine is in a critical phase of internal consolidation amid growing external uncertainties, with the West increasingly viewing international support as transactional rather than aimed at promoting democratic reforms [5]

Core Points - Ukrainian President Zelensky signed a controversial law that is perceived to undermine the independence of two key anti-corruption agencies, leading to nationwide protests for the first time since the onset of the Russia-Ukraine conflict in 2022 [1][3] Group 1: Legislative Changes - The law allows the Prosecutor General to issue directives to the National Anti-Corruption Bureau (NABU) regarding its investigations and to transfer cases to other agencies [3] - The Prosecutor General can delegate the powers of the Special Anti-Corruption Prosecutor's Office (SAPO) to other prosecutors and has the authority to terminate NABU's investigations [3] Group 2: Public Response - Protests erupted in Kyiv's Independence Square, with a significant turnout of young people and veterans, and the demonstrations spread to other cities such as Dnipro and Lviv [3] - The protests are characterized as "anti-Zelensky protests," marking the first large-scale anti-government demonstrations in Ukraine since the conflict began [4] Group 3: Implications for Anti-Corruption Efforts - NABU criticized the law, stating it would end the independence of the two anti-corruption agencies and destroy the anti-corruption framework established since 2015 [3] - The law's restrictions on anti-corruption efforts may impact Western support for Ukraine, as noted by U.S. media [4]

Core Points - Ukrainian President Zelensky signed a controversial law that is perceived to undermine the independence of two major anti-corruption agencies, leading to protests in Kyiv [1] - The law allows the Prosecutor General to issue directives to the National Anti-Corruption Bureau (NABU) and transfer cases to other agencies, raising concerns about the autonomy of these institutions [1] - The European Union expressed serious concerns, stating that the independent operation of NABU and the Special Anti-Corruption Prosecutor's Office (SAPO) is crucial for Ukraine's EU membership negotiations [1] Group 1 - The Ukrainian Parliament passed the law with 263 votes in favor, 13 against, and 13 abstentions [1] - NABU and SAPO leaders criticized the law, claiming it would effectively end the independence of anti-corruption efforts [1] - Protests in Kyiv featured slogans such as "Veto the Law" and emphasized the importance of protecting the anti-corruption system for Ukraine's future [1] Group 2 - A NABU employee was detained on suspicion of espionage for Russia, while another was accused of drug trafficking and connections to pro-Russian groups [1] - NABU accused a senior official from the Security Service of Ukraine of soliciting a bribe of $300,000 to destroy evidence related to illegal emigration and evasion of military service [2] - President Zelensky stated that the anti-corruption system will continue to operate but emphasized the need to eliminate Russian influence [2]