不过，多名行业人士和专家学者在接受21世纪经济报道记者采访时表示，深入剖析案件细节与法律逻辑后能够发现， 所谓该案"击穿"家族信托系误读。 案件始末：刑事犯罪牵出的信托执行争议 这场争议源于一场刑事判决与巨额退赔。 21世纪经济报道记者 郭聪聪 北京报道 近日，南通市崇川区人民法院的一份执行裁定书在金融界掀起波澜。该裁定书显示，法院直接扣划被执行人崔某名下 价值4143万元的"家族信托基金"用于执行退赔。 这一消息受到行业关注后，部分市场人士将其解读为"家族信托被击穿"，进而引发了业内对信托资产保护功能的广泛 讨论，也让部分公众对家族信托的资产保护功能产生了猜疑。 法院裁决书显示，被执行人崔某因行贿罪和合同诈骗罪被判处有期徒刑十四年，并处罚金80万元，同时需向华润医药 商业集团有限公司退赔七千余万元。 2023年10月，案件进入执行阶段，法院不仅扣划了崔某的多个银行账户五百余万元的存款，更对其"委托第三方保 理"的四千余万元"家族信托基金"进行了直接扣划。 刑事裁定书截图 图示来源：中国裁判文书网 这笔超过4000万元的"家族信托基金"成为本次执行中的关键财产，法院直接扣划的操作也成为了行业争议焦点。裁定 书 ...

Core Viewpoint - The perception that many families in China have savings of over 1 million yuan is misleading, as the actual number of such families is significantly lower than assumed [3][5]. Group 1: Current Situation of Savings - In major cities, the value of real estate often exceeds several million yuan, leading to the illusion that many families possess 1 million yuan in savings, while in reality, most are burdened with long-term mortgages [3][5]. - According to the latest data from the People's Bank of China in 2024, only 0.1% of savings accounts exceed 1 million yuan, translating to approximately 494,000 households out of 494 million families nationwide [3][5]. - The majority of families with over 1 million yuan in savings are concentrated in economically developed cities like Beijing, Shanghai, Guangzhou, and Shenzhen, primarily consisting of small business owners, state-owned enterprise executives, and freelancers [5][6]. Group 2: Benefits of Having 1 Million Yuan in Savings - Having 1 million yuan in savings allows families to better cope with unexpected events such as unemployment or illness, and can also be allocated for retirement and children's education [6]. - A savings of 1 million yuan provides peace of mind, alleviating financial worries [6]. - With current bank wealth management products offering an annual yield of 2.5%, a family could earn 25,000 yuan annually from investments, which can significantly support household expenses [6]. Group 3: Challenges in Achieving 1 Million Yuan in Savings - Many ordinary families struggle to save due to low incomes and high living expenses, making it difficult to accumulate significant savings [9]. - Over 200 million families in China are burdened with bank loans, with monthly payments consuming a large portion of their income, leaving little room for savings [9]. - Even if a family saves 4,000 yuan per month, it would take 20 years to reach 1 million yuan, highlighting the difficulty of achieving this savings goal [9]. Group 4: Strategies for Saving 1 Million Yuan - Families should cultivate a habit of saving by setting aside 20% of their monthly income, which can lead to significant savings over time [11]. - Reducing unnecessary expenses, such as dining out or buying new clothes when there are sufficient items at home, can help accumulate savings [11]. - Increasing household income through skill enhancement and side jobs can provide additional financial resources for savings [13]. - Minimizing debt is crucial, as being debt-free allows for better savings potential [13].

Investment Rating - The report does not explicitly provide an investment rating for the banking wealth management industry Core Insights - The banking wealth management market's total scale reached 31.22 trillion yuan by the end of June, reflecting a 5.22% increase since the beginning of the year, indicating resilience amid market pressures [12] - Recent trends show a recovery in the yields of bank wealth management products, with cash management products recording a 7-day annualized yield of 1.48%, up 5 basis points week-on-week [16][20] - The report highlights a significant increase in the issuance of QDII quotas, totaling 30.8 billion USD, aimed at enhancing the operational capacity of qualified domestic institutional investors [11] Regulatory and Industry Dynamics - The State Administration of Foreign Exchange has issued new QDII quotas to qualified domestic institutional investors, totaling 30.8 billion USD, to support healthy development in the foreign exchange market [11] - The banking wealth management market maintained a stable scale of 31 trillion yuan, driven by a "deposit migration" phenomenon due to a new round of deposit rate cuts [12] Peer Innovation Dynamics - 招银理财 has introduced a floating management fee model for its wealth management products, significantly reducing fees to 0.25% per year, which is lower than the conventional rates of 0.4%-0.6% [13] - 工银理财 participated in the cornerstone investment for the IPO of IFBH in Hong Kong, securing approximately 4 million USD, marking a significant move into the new consumption sector [14] - 交银理财 launched its first charitable wealth management product, successfully donating excess returns to a public welfare foundation [15] Yield Performance - The yields of various bank wealth management products have shown a general recovery, with cash management products and fixed-income products experiencing different degrees of yield increases [18][19] - The report notes that the credit spread has continued to narrow, remaining at historical low levels since September 2024, which may limit the attractiveness of credit investments [19] Net Value Tracking - The net value of bank wealth management products has a current break-even rate of 0.70%, which has increased by 0.26 percentage points week-on-week, indicating ongoing low levels [27][29] - The report emphasizes the relationship between the break-even rate and credit spreads, noting that a sustained increase in credit spreads could pressure the break-even rate further [27]

Core Insights - The article highlights the surge in sales of air conditioning units, ice-making refrigerators, and ice makers due to extreme heat across China, particularly in Guangdong and northeastern regions [1][2][13] - JD.com reports a significant increase in sales, with air conditioning sales in northeastern regions rising over 700% year-on-year, and Guangdong becoming the top sales region for air conditioners [1] - The article also mentions the popularity of portable fans and ice-making machines, with sales of fans increasing over 300% in certain areas [1] Sales Performance - In the past week, air conditioning sales in northeastern China saw a year-on-year increase of over 700%, with Heilongjiang, Jilin, and Liaoning ranking among the top 10 sales regions [1] - Guangdong has emerged as the leading region for air conditioning sales, while sales of fans and portable fans have increased by 100% and 150% respectively [1] - The user search volume for ice-making refrigerators on JD.com increased by 500% in the past week, with sales in regions like Beijing, Hubei, and Zhejiang rising over 70% [1] Product Promotions - JD.com is offering various promotions on air conditioners, ice-making refrigerators, and ice makers, including an 80% discount for certain regions and additional incentives for purchases [2][4] - Specific models such as the Midea air conditioner and TCL's energy-efficient models are highlighted with promotional prices after discounts [4][6] - Ice-making machines are also promoted, with features like rapid ice production and large storage capacity being emphasized [9][11]

彭博社周二（7 月 8 日）援引 Pitchbook 的数据报道称，尽管第二季度退出的总数与第一季度持平，但 大多数来自并购和收购。 报告将 IPO 数量的下降归因于风险投资公司对美国公开市场、贸易政策和经济状况的不确定性。 Pitchbook 风险投资分析师Emily Zheng在报告中表示："在当前环境下，近期 IPO 活动的回升看起来更 像是一次重置，而非全面复苏。" 据报道，由风险投资 (VC) 公司支持的公司选择并购和买断，而不是首次公开募股 (IPO)。 今年 4 月，有报道称，由于公开上市暂停，风险投资家正转向二级市场。二级市场是买卖私人公司股票 的场所，近年来蓬勃发展。 宏业金融集团美国IPO咨询/辅导顾问服务 报告指出，参与这些行业的三家公司——Circle Internet Group、CoreWeave和Voyager Technologies—— 自 IPO 以来表现优异。 据 6 月份报道，由于 IPO 荒持续，私募股权 (PE) 公司正在重新考虑其退出策略。 当时，欧美私募股权投资支持的 IPO 数量已从 2021 年同期的 116 宗（当时是这些IPO的鼎盛时期）下 降至 9 宗 ...

"我们的系统就像一个精通多国语言的翻译官，能让说不同'语言'的设备实现无障碍交流。既兼容国际 通用Matter协议，又针对中国复杂场景优化PLC电力线通信技术，让瑞族的瑞士精工烤箱、松下的环境 传感设备、ASKO的碳中和洗衣系统等实现毫秒级协同响应。"泰创科技创始人姚明海形象地比喻道。 值得一提的是，有了AI的助力，这套智能家居系统还会像人一样主动思考并自觉执行任务。松下电气 中国东北亚公司新风空调事业总括松井润讲述了一些实际案例。"在全链路生态系统当中，婴儿房在雾 霾天依然能够保持如森林般的洁净呼吸。更可贵的是，这个系统通过AI越来越懂用户，当它发现你深 夜咳嗽，会默默调高温度、调高湿度，却不打扰睡眠。这些功能的实现，得益于系统背后的三大核心技 术突破：多协议融合技术、分布式AI计算架构和隐私计算技术。" 7月9日，香江集团正式发布该公司联合泰创科技及松下、日立等众多知名智能家居品牌企业打造的智能 家居全链路生态系统。 据了解，该系统核心在于能够打破品牌与技术壁垒，实现跨品牌产品的无缝集成与协同工作，并通过统 一的数据平台和智能中枢，为用户提供高度个性化、安全可靠且可持续进化的智慧生活体验，同时为行 业伙伴 ...

湖南省自然资源厅7月8日披露，湖南省地质院下属的湖南省矿产资源调查所在临武县鸡脚山矿区通天庙 矿段探获超大型蚀变花岗岩型锂矿床，共提交锂矿石量4.9亿吨，氧化锂资源量131万吨。同时，伴生 铷、钨、锡、铌、钽等多种战略矿产，均达中型以上规模。 据悉，大中矿业原本从事铁矿石采选、铁精粉和球团的生产和销售业务。不过，近年来，该公司跨行涉 足锂电新能源产业，湖南、四川等地布局锂矿产业，并相继取得重要突破。 据勘探单位湖南省矿产资源调查所介绍，作为"有色金属之乡"，湖南积极响应国家锂资源保障战略，湖 南省矿产资源调查所连同湖南大中赫锂矿有限责任公司，自2022年起在鸡脚山矿区全面开展锂矿靶区优 选工作，累计完成钻探9万多米。 年报显示，2024年，湖南锂矿项目取得了自然资源部的储量评审备案，鸡脚山锂矿首采区通天庙矿段查 明矿石量4.9亿吨，平均品位0.268%，氧化锂矿物量131.35万吨，折算约324.43万吨碳酸锂当量，同时伴 生钨、锡、铌、钽、铷等有价金属，跻身全国锂矿企业前列。四川加达锂矿项目已圆满完成首采区探矿 工作，正在加紧推进储量评审流程和其他探转采手续。 据悉，湖南省矿产资源调查所2022年对鸡脚山矿 ...

Group 1 - The stock of Eddie Pharmaceutical (688488) has a comprehensive score of 55.22, indicating a strong performance [1] - The main cost analysis shows the following prices: 14.02 CNY (current), 14.26 CNY (5-day), 13.90 CNY (20-day), and 12.59 CNY (60-day) [1] - There have been no instances of the stock hitting the upper or lower limits in the past year [1] Group 2 - The short-term resistance level is at 14.50 CNY, while the short-term support level is at 14.15 CNY [2] - The stock price has broken below the short-term support level, suggesting a cautious approach for short-term investors [2] - The K-line pattern indicates a potential turning point, with a focus on whether the price is at a top or bottom [2] Group 3 - On July 9, 2025, the net outflow of main funds was 15.67 thousand CNY, accounting for 0% of the total transaction amount [2] - There was a net inflow of 85.10 thousand CNY from large orders, while there was a net outflow of 100.77 thousand CNY from larger orders [2] - Retail investors experienced a net outflow of 273.52 thousand CNY [2] Group 4 - Related industry sectors showed slight declines: Biopharmaceuticals -0.08%, Virus Prevention -0.37%, and Exclusive Drugs -0.23%, while Innovative Drugs increased by 0.24% [2]

Group 1 - The stock of Rejing Bio (688068) has a strong overall score of 63.80 as of July 9, 2025, indicating a positive outlook [1][2] - The main cost analysis shows the current main cost at 184.00 yuan, with a 5-day average of 179.53 yuan, a 20-day average of 152.13 yuan, and a 60-day average of 133.13 yuan [1][2] - The stock has experienced 3 instances of hitting the upper limit and no instances of hitting the lower limit in the past year [1] Group 2 - The short-term resistance level is at 194.81 yuan, while the short-term support level is at 147.07 yuan [2] - The market trend is currently unclear, with a wait-and-see approach for the main funds to choose a direction [2] - The K-line pattern indicates a bullish outlook with a "solid bullish line" [2] Group 3 - On July 9, 2025, the net inflow of main funds was 64.97 million yuan, accounting for 9% of the total transaction volume [2][3] - The breakdown of fund inflows includes a net inflow of 50.48 million yuan from large orders and 14.49 million yuan from medium orders, while retail investors saw a net outflow of 2.33 million yuan [2][3] - The financial data shows an earnings per share of -0.26 yuan, an operating profit of -0.24 billion yuan, and a net profit of -24,566,770.04 yuan, with a sales gross margin of 47.268% [2][3] Group 4 - The stock is associated with sectors such as medical devices (0.01%), food safety (-0.09%), national security (-0.28%), and in vitro diagnostics (-0.16%) [2][3]

智通财经7月9日电，安科生物(300009.SZ)公告称，公司及其全资子公司安科医药与晟济药业签署《产 品独家代理协议》，公司及安科医药将独家代理SJ02产品在中国大陆及港澳台地区的销售及营销推广。 SJ02是一种长效重组人卵泡刺激素(FSH-CTP)，有望成为国内首款获批上市的长效FSH-CTP。此次合作 旨在充分发挥双方优势资源，实现强强联合的协同效应，加速SJ02在中国市场的商业化落地进程。但同 时也存在产品上市时间存在不确定性、市场推广不及预期等风险。 安科生物：独家代理重组人卵泡刺激素-CTP融合蛋白注射液 ...