Report Summary 1. Hot News - On July 25, 2025, the People's Bank of China will conduct 400 billion yuan of MLF operations with a one - year term [2] - As of now, the central budget investment in 2025 has been basically allocated, supporting various fields such as modern industrial system and infrastructure [2] - The Guangzhou Futures Exchange will accelerate the research and listing of power futures [2] - The EU has a 93 - billion - euro anti - tariff plan against the US, India aims to reach trade agreements with the US and has signed one with the UK [2] - Trump asked Powell to cut interest rates, and Trump's ally sued Powell to require FOMC to hold public meetings [3] 2. Key Focus - Key commodities to focus on are coking coal, glass, coke, ethylene glycol, and pulp [4] 3. Night - session Performance - Non - metallic building materials rose 2.54%, precious metals 28.82%, oilseeds 12.19%, non - ferrous metals 2.90%, soft commodities 19.60%, coal - coking - steel - ore 14.93%, energy 3.22%, chemicals 11.79%, grains 1.15%, and agricultural and sideline products 2.88% [4] 4. Major Asset Performance - In the equity category, the Shanghai Composite Index rose 0.65%, the S&P 500 0.07%, and the Hang Seng Index 0.51% [6] - In the fixed - income category, 10 - year, 5 - year, and 2 - year treasury bond futures declined [6] - In the commodity category, the CRB commodity index rose 0.17%, WTI crude oil 1.46%, and London spot gold fell 0.55% [6] - Other assets: the US dollar index rose 0.29%, and the CBOE volatility remained unchanged [6]

智通财经7月24日晚间新闻精选 ❶国务院总理李强将于7月26日出席在上海举行的2025世界人工智能大会暨人工智能全球治理高级别会 议开幕式并致辞。 ❷国务院国资委：优化国有资产增量投向，调整存量结构，带头抵制"内卷式"竞争，加强重组整合。 ❸市场监管总局部署各地市场监管部门开展为期三个月的充电宝质量安全集中整治。 ❹央行：7月25日将以固定数量、利率招标、多重价位中标方式开展4000亿元MLF操作，期限为1年 期。 ❺郑商所公告，近期影响玻璃、纯碱市场的不确定性因素较多，请各会员单位切实加强投资者教育和风 险防范工作，提醒投资者理性参与，合规交易。 ❻20CM四连板深水规院：目前未参与雅鲁藏布江下游水电工程建设。闻泰科技：格力电器及其一致行 动人拟合计减持不超2%公司股份。海伦钢琴：崔永庆将取得公司控制权 股票复牌。3天2板中钨高 新："雅下项目"尚处于初期 公司将积极关注并把握市场机会。 ...

投资咨询业务资格：证监许可【2011】1778 号 资讯早班车 资讯早班车-2025-06-30 一、 宏观数据速览 | 发布日期 | 指标日期 | 指标名称 | 单位 | 当期值 | 上期值 | 去年同期值 | | --- | --- | --- | --- | --- | --- | --- | | 20250416 | 2025/03 | GDP:不变价:当季同比 | % | 5.40 | 5.40 | 5.30 | | 20250531 | 2025/05 | 制造业 PMI | % | 49.50 | 49.00 | 49.50 | | 20250531 | 2025/05 | 非制造业 PMI:商务活 动 | % | 50.30 | 50.40 | 51.10 | | 20250613 | 2025/05 | 社会融资规模增量:当 | 亿元 | | 22871.00 11591.00 | 20623.00 | | | | 月值 | | | | | | 20250613 | 2025/05 | M0(流通中的现金):同 比 | % | 12.10 | 12.00 | 11.70 | | 202506 ...

为保持银行体系流动性充裕，2025年6月25日（周三），中国人民银行将以固定数量、利率招标、 多重价位中标方式开展3000亿元MLF操作，期限为1年期。 来源：中国人民银行网站 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 QQ崩了？官方致歉 利好来了！六部门联合印发 官网截图 ...

Group 1 - The first batch of 26 new floating rate funds has raised over 12.6 billion yuan, with 13 products already established, indicating strong market interest [1] - Credit bond ETFs have seen their total scale exceed 200 billion yuan, marking a significant growth in the ETF market, driven by a shift towards stable income assets [1] - The People's Bank of China is set to conduct a 300 billion yuan MLF operation, ensuring liquidity remains ample in the market [2] Group 2 - Guotai Junan International has become the first Chinese broker to receive approval for virtual asset trading services, expanding its offerings to include cryptocurrencies [2] - The popularity of the "Su Super" event has significantly boosted weekend consumer spending in participating cities, with a notable increase in group purchase orders [3] - A surge in A-share buybacks has been observed, with 666 companies or major shareholders obtaining buyback loans totaling approximately 133.96 billion yuan [3] Group 3 - BlackBerry reported first-quarter revenue of $121.7 million, exceeding market expectations, and provided guidance for the second quarter [5] - Xero has announced a $2.5 billion acquisition of Melio, a payment platform for small businesses, indicating a strategic move in the fintech sector [5] - Ant Group has reduced its stake in ZhongAn Insurance, becoming the fourth largest shareholder after cashing out approximately 654 million HKD [6] Group 4 - Sanhua Intelligent Controls expects a 25%-50% increase in net profit for the first half of 2025, reflecting positive growth prospects [6] - U.S. stock indices have all risen over 1%, with the Nasdaq reaching a four-month high, driven by easing geopolitical tensions and favorable market conditions [7][8] - The easing of Middle Eastern tensions has led to a significant drop in oil prices, benefiting airline stocks, while gold prices have also decreased [8]

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Group 1 - The central bank has implemented a significant reverse repurchase operation of nearly 400 billion yuan to offset the upcoming maturity of 946 billion yuan in reverse repos this week [4] - The short-term funding environment shows a slight increase in the Shanghai Interbank Offered Rate (Shibor) for overnight, 7-day, and 14-day tenors, indicating a mixed trend in liquidity [4] - The central bank has conducted a 500 billion yuan Medium-term Lending Facility (MLF) operation with a one-year term, resulting in a net injection of 375 billion yuan after accounting for 125 billion yuan in maturing MLFs [4] Group 2 - The chief macro analyst from Dongfang Jincheng noted that since April, external environment volatility has increased, prompting domestic extraordinary counter-cyclical adjustments [5] - The recent reduction in reserve requirements and continued large-scale MLF operations indicate that quantitative policy tools are actively supporting liquidity in the banking system, enhancing credit availability for enterprises and households [5] - The combination of the reserve requirement cut and various medium-term liquidity management tools will result in a substantial net injection of liquidity in May, providing crucial support for new credit issuance and social financing [5]

交易咨询资格号： 证监许可[2012]112 2025 年 5 月 23 日 | 联系人：王竣冬 | | --- | | 期货从业资格：F3024685 | | 交易咨询从业证书号：Z0013759 | | 研究咨询电话： | | 0531-81678626 | | 客服电话： | | 400-618-6767 | | 公司网址： | | www.ztqh.com | | [Table_QuotePic] 中泰微投研小程序 | [Table_Report] 中泰期货公众号 | 备注: | | --- | | 1. 趋势判断观点主要基于各品种的基本面等因素。 | | 2 学唐诗老下文武扫描一姓记本无声主要胡少昭公右唱八司八 | | | 基于量化指标研判 | | | --- | --- | --- | | 偏空 | 震荡 | 偏多 | | 白糖 | 直— | 玻璃 | | 锰硅 | 글= | 焦炭 | | 鸡蛋 | PTA | 护金 | | РУС | 沪铝 | 直海 | | 沪锡 | 玉米淀粉 | 菜粕 | | 沥青 | 玉米 | 菜油 | | 热轧卷板 | 护银 | 焦煤 | | | 橡胶 | | | | 螺 ...

Domestic News - The first batch of pilot programs for long-term investment reform of insurance funds is set at 50 billion yuan, with a second batch of 112 billion yuan and a third batch of 60 billion yuan, totaling 222 billion yuan [1] - The People's Bank of China announced a 500 billion yuan MLF operation to be conducted on Friday, with a term of one year [1] - Xiaomi launched its flagship processor, the Xuanjie O1, utilizing second-generation 3nm advanced process technology, and introduced the YU 7, positioned as a "luxury high-performance SUV" [1] International News - BYD's pure electric vehicle sales in Europe surpassed Tesla for the first time in April [2] - The U.S. Senate voted to terminate California's ban on the sale of fuel vehicles, sending the bill to President Trump for signing [2]

中国央行：2025年5月23日（周五），中国人民银行将以固定数量、利率招标、多重价位中标方式开展 5000亿元MLF操作，期限为1年期。 ...