2025年7月，美联储政策走向成为美国政经核心战场。 总统特朗普持续对美联储主席鲍威尔发起"利率 攻势"，财政部长贝森特悄然布局美联储权力过渡，而全球经济不确定性及关税政策风险令货币政策决 策愈发复杂。 特朗普施压美联储：降息呼声再起，利率目标直指历史低位 6月30日，特朗普通过社交媒体发布一张标注各国央行利率的清单，明确要求美联储将政策利率下调至 日本（0.5%）至丹麦（1.75%）区间。他在清单旁批注："我们应该降息至1%甚至更低！"并指责鲍威尔 领导的美联储"动作迟缓"，导致美国"损失数千亿美元"。 这一举动延续了特朗普长期对美联储的施压策略。他多次混淆短期政策利率与长期债券收益率，忽视通 胀、地缘政治等复杂因素对市场的影响。尽管历史上美国曾因经济衰退将利率降至1%，但当前通胀率 远超2%目标，且失业率维持低位，经济环境与历史低利率时期截然不同。 美联储坚守独立性：关税风险与通胀压力制约降息空间 面对特朗普的公开喊话，美联储官员强调政策需以数据为导向。当前政策利率维持在4.25%-4.5%，远高 于特朗普设定的目标。亚特兰大联储主席博斯蒂克重申，美联储今年或仅降息一次，且无紧急降息必 要。他指出，关税政 ...

沃勒和鲍曼均为特朗普第一任期任命的理事，其中鲍曼刚被提名为监管副主席，沃勒更是传闻中的下任主席候选人。一位华尔街分析师直言："这像是递给 白宫的投名状。" 上午8：30，经济数据雪片般飞来。美国5月核心PCE物价指数同比上涨2.7%，超出预期；然而个人消费支出环比下滑0.1%，收入更暴跌0.4%——这是年初 以来最大降幅。 华盛顿的夏夜闷热难耐，美联储主席杰罗姆·鲍威尔擦去额头的汗水，面对国会山议员们尖锐的提问。仅仅24小时前，他在这里坚称"当前不降息是合适 的"，话音未落，总统特朗普的怒火已席卷社交媒体："鲍威尔是最差的主席！立刻给我降息2到3个百分点！" 这场公开对决如同一颗投入金融市场的震撼弹，拉开了6月28日这个动荡交易日的序幕。 凌晨1：00，芝加哥商品交易所的交易屏幕闪烁着最新预测：美联储7月降息概率仅21%，而9月启动降息的可能性飙升至90%以上。市场刚刚消化了前一日 美联储高层的分裂立场——两位拥有投票权的官员沃勒与鲍曼意外转向鸽派，暗示7月可能降息；但随后十多位官员集体泼下冷水："需要更多数据！" 美联储点阵图暴露了内部裂痕：19位决策者中，7人坚持今年不降息，8人支持降息两次。这种近乎对立 ...

在美国前总统特朗普以前所未有的方式加码施压之际，美联储主席鲍威尔正准备在欧洲一个重要的央行论坛上发表讲话，这令市场高度关注他将 如何平衡货币政策的稳定信号与捍卫央行独立性的微妙立场。 周一，特朗普通过一封手写信函和社交媒体帖子，将他对美联储的批评推向新高潮。特朗普在手写信函中，附上了一张全球利率排名表，指责鲍 威尔让国家"损失了一大笔钱"，并要求其"大幅"降息。信中提到，如果美联储降息，将能节省"数千亿美元"的利息成本。 与此同时，特朗普在社交媒体上将矛头指向了整个美联储理事会，称鲍威尔及其同事"应该为让这种事发生在美国身上而感到羞耻"。这延续了他 数月以来对鲍威尔的攻击，此前他曾直接侮辱鲍威尔，甚至威胁要将其解雇，并在上周五公开喊话让鲍威尔辞职。 国际舞台上的支持与对比 今晚，这些压力都将聚焦于鲍威尔在欧洲央行的年度论坛上的讲话，该论坛常被称为欧洲版的"杰克逊霍尔"全球央行年会。 美国、欧元区、英国、日本和韩国的央行首脑们将就全球贸易紧张局势与中东冲突如何影响通胀与增长前景交换意见。但在多数国家通胀似乎受 控的背景下，更深刻的问题或将主导讨论：特朗普的保护主义与不可预测的经济政策，会终结这个统治全球金融80 ...

Group 1 - India's plan to increase crude oil imports to 5.2 million barrels per day by 2025, an 8% increase from 2024, prioritizing Middle Eastern oil supply [1][3] - In 2024, India imported 3.8 million barrels per day from the Middle East, accounting for 73% of its total imports, which is expected to rise to 78% in 2025 [1][3] - India's crude oil consumption is projected to reach 5.1 million barrels per day in 2024, with domestic production at only 700,000 barrels per day, leading to a heavy reliance on imports [3][4] Group 2 - The Middle East is the largest crude oil export region, with a total export capacity of approximately 28 million barrels per day, and India is expected to secure a stable supply through long-term contracts [4][5] - Other major importers include China (11 million barrels per day), the US (8 million barrels per day), and Japan (3.5 million barrels per day), indicating that demand from these countries is not surging significantly [4][6] - India's procurement strategy includes long-term agreements with Middle Eastern countries and flexible purchasing through spot markets, ensuring cost-effective supply [4][5] Group 3 - The global energy landscape is shifting, with non-OPEC oil production surpassing OPEC for the first time in 2024, reducing the Middle East's pricing power [6][7] - India's ambition for energy independence by 2047 includes increasing renewable energy's share from 30% to 50%, while still relying on Middle Eastern oil in the short term [6][7] - The geopolitical dynamics involve the US imposing sanctions on Iran and Venezuela, allowing India to diversify its oil sources, including increased imports from Russia [6][7] Group 4 - The situation reflects a dynamic balance between global energy demand growth and supply adjustments, with no risk of the Middle East being "bought out" [8] - The resilience of the global energy system is crucial, as increased imports by one country can be offset by supply increases from other regions [8] - India's actions highlight the complexities of global energy transitions, emphasizing the need for collaborative responses to market changes [8]

Group 1 - The international gold price opened strong on July 1, with a price of $3316.19 per ounce, reflecting a 0.41% increase, driven by a rebound above the 60-day moving average and a weakening US dollar index [1] - The market is currently cautious, awaiting significant data releases such as the non-farm payrolls, which may limit bullish momentum [1] - The ongoing pressure from Trump on the Federal Reserve, along with concerns about tariffs and inflation, creates a complex landscape for US monetary policy, potentially affecting market confidence and economic stability [3] Group 2 - Gold prices experienced fluctuations, with a low of $3274.57 before rebounding to stabilize above the $3300 mark, indicating a short-term bullish trend [5] - The current trading strategy suggests monitoring the $3300 level as a support point, with upward targets at $3328 and $3345, while also considering potential short positions if resistance is encountered [5] - The analysis emphasizes a cautious approach to trading, advocating for a balanced strategy of buying on dips and selling on rallies within the established price range [5]

受美联储降息预期支撑 黄金在亚洲早盘小幅走高 金十数据7月1日讯，受美联储降息预期支撑，黄金在亚洲早盘小幅走高。Kudotrade分析师Konstantinos Chrysikos表示："在收益率低迷和鸽派预期的背景下，黄金可能获得支撑。市场预计美国今年下半年将 实施三次降息，这可能为黄金等非生息资产提供支撑。" Chrysikos补充道，对美联储独立性的担忧也可 能推动投资者转向贵金属。 ...

Group 1: Federal Reserve and Interest Rates - Morgan Stanley's report dampens market expectations for interest rate cuts by the Federal Reserve in July and September, citing strong inflation data and robust employment reports as key factors [2] - The report indicates that the support for rate cuts is weak, with seven policymakers predicting no cuts this year, contrasting with ongoing pressure from Trump [2] Group 2: Trump's Trade Policies - Trump's erratic behavior has become a significant source of uncertainty for the global economy, with conflicting signals regarding tariff extensions [4] - The potential for new tariffs on industries such as pharmaceuticals, semiconductors, and commercial aircraft is under close scrutiny, raising concerns about the impact on global trade [6] Group 3: Economic Implications of Tariffs - Tariffs are expected to increase inflation, complicating the Federal Reserve's policy decisions and potentially leading to friction between the government and the central bank [8] - The rise of protectionism and trade fragmentation is exacerbating the decline in economic growth and productivity, posing urgent threats to growth, inflation, and financial stability [8] Group 4: Economic Forecasts and Market Reactions - A survey indicates that over 90% of economists are concerned about Trump's policies undermining the dollar's safe-haven status, with predictions of rising U.S. federal debt [11] - Following the announcement of tariffs, global stock markets experienced volatility, and the dollar depreciated, leading to expectations that 10-year Treasury yields could exceed 5% by mid-next year [11] Group 5: Federal Reserve Independence - Trump's interference with the Federal Reserve has raised alarms among former officials, warning that it could lead to market chaos and undermine the Fed's credibility [13] - The potential for increased borrowing costs and capital flight from the dollar and U.S. Treasuries could challenge the Fed's ability to manage economic stability [13] Group 6: Future Economic Uncertainty - If Trump opts for reciprocal tariffs instead of extensions, both the economic outlook and the Federal Reserve's rate-cutting policies will face greater uncertainty, leading to a more severe global economic test [15]

江苏卓胜微电子股份有限公司 第一章 总 则 第一条 为保证江苏卓胜微电子股份有限公司（以下简称"公司" ）规范运作和公司独立董事依 法行使职权，确保独立董事议事程序有效、合法，充分发挥独立董事的作用，维护公司和全体股东 的合法权益，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司独立董事管理办 法》和《江苏卓胜微电子股份有限公司章程》 （以下简称" 《公司章程》"）等有关规定，制定本规则。 第五条 公司设独立董事占董事会成员的比例不得低于三分之一，其中至少包括 1 名会计专业 人士。 第二章 独立董事的任职条件 第六条 担任公司独立董事应当符合下列基本条件： （一）根据法律、行政法规及其他有关规定，具备担任公司董事的资格； 第二条 公司独立董事是指不在公司担任除董事外的其他职务，并与其所受聘的公司及其主要 股东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进行独立客观判断关系的董事。 第三条 独立董事对公司及全体股东负有诚信与勤勉义务。独立董事应当按照相关法律、法规、 规范性文件、中国证券监督管理委员会（以下简称"中国证监会" ）规定、公司上市的证券交易所业 务规则和《公司章程》的 ...

Group 1 - The company held its 16th temporary board meeting on June 30, 2025, with all 9 directors present and voting [1][2] - The board unanimously approved the proposal to amend the company's articles of association and related rules, which will be submitted for shareholder approval [1][2] - The company plans to revise the Independent Director Working System to align with legal requirements and business needs [2][3] Group 2 - The company has scheduled its second temporary shareholder meeting for July 16, 2025, in compliance with legal and regulatory requirements [3] - The decision to hold the shareholder meeting was also unanimously approved by the board [3]

Core Viewpoint - The nomination of Jiang Bing as an independent director candidate for the fifth board of Yong'anxing Technology Co., Ltd. has been made, with the nominee meeting all necessary qualifications and independence requirements [1][2][3]. Summary by Sections Nomination and Qualifications - Jiang Bing has been nominated as an independent director candidate and has agreed to the position, having a background that includes over five years of relevant work experience in law, economics, finance, or management [1][2]. - The nominee holds an independent director qualification certificate as per relevant regulations [1]. Compliance with Regulations - The nominee's qualifications comply with various laws and regulations, including the Company Law of the People's Republic of China and the Management Measures for Independent Directors of Listed Companies [1][2]. - The nominee is not involved in any relationships that could affect independence, such as being a major shareholder or having significant business dealings with the company [2][3]. Independence Criteria - The nominee does not fall under any disqualifying conditions, such as holding positions in related companies or having significant financial ties to the company [2][3]. - The nominee has no adverse records in the last 36 months, including no administrative or criminal penalties from the China Securities Regulatory Commission [3]. Additional Information - The nominee has not served as an independent director in more than three domestic listed companies and has not served in Yong'anxing Technology Co., Ltd. for more than six years [3]. - The nomination has been verified by the nomination committee of the board, confirming that there are no conflicts of interest [3][4].