【导读】英伟达突然大涨，黄仁勋、鲍威尔重磅发声！ 中国基金报记者 郭玟君 大家早上好！昨夜今晨，又有很多大事发生。 美国三大股指涨跌不一。英伟达市值再度称冠全球！黄仁勋预测机器人及物理 AI 相关基础设 施是下一个千亿美元级产业机会。美联储主席鲍威尔表示，将来若达成贸易协议，美联储可 能考虑降息。美债收益率全线走低。 美国三大股指涨跌不一 美东时间 6 月 25 日，美国三大股指收盘涨跌不一，道指跌 0.25% ，报 42982.43 点；标 普 500 指数持平报 6092.16 点；纳指涨 0.31% ，报 19973.55 点，录得三连涨。 道琼斯工业指数(DJI) 06-25 16:20:01 | 42982.43 | | | | --- | --- | --- | | -106.59 - -0.25% - 今开 - 43130.33 - 成交量 0 | | | | 上涨 = = = = | 11 平盘 | 0 下跌 下跌 1 1 19 | | 最高价 43130.33 市盈率 29.8 | | | | 最低价 42871.50 市净率 | | | સ્ત્ર-B4 日K 五日 [0] 叠加 4330 ...

Core Insights - The Asian Infrastructure Investment Bank (AIIB) is holding its 10th Annual Meeting of the Board of Governors in Beijing, with over 3,500 attendees from nearly 100 countries and regions expressing appreciation for AIIB and China's efforts in promoting infrastructure connectivity and sustainable development [1] - Attendees anticipate deeper cooperation with China, highlighting China's recent technological breakthroughs in infrastructure and clean energy, which are benefiting more countries and regions [1] Group 1 - The AIIB's annual meeting serves as a platform for international dialogue on infrastructure and sustainable development [1] - Participants recognize the significant advancements made by China in infrastructure and clean energy technologies [1] - The event reflects a growing interest in collaboration between China and other nations in these critical sectors [1]

Macro News - China's Premier Li Qiang emphasized the importance of integrating into the global market and contributing to world economic recovery, highlighting China's role as a significant engine for global growth due to its stability, high growth, and openness [6][6] - Vice Premier He Lifeng stressed the need to expand domestic demand and boost consumption, while also focusing on developing a new model for real estate and enhancing productivity [6] Industry News - In May, China's national lottery sales reached 57.036 billion yuan, a year-on-year increase of 19.8%, driven by a rise in sports events and a low sales base from the previous year [9] - Domestic gold jewelry prices have dropped significantly, with prices for major brands like Chow Tai Fook and Lao Miao falling to around 998 yuan per gram [9] - Tesla's first energy storage project in mainland China is expected to be operational this year, with a storage capacity of 300 MWh [11] - Chengdu has introduced policies to support the development of the low-altitude economy, including subsidies for commercial operations in low-altitude flights [12] - Shanghai's sixth batch of land sales has a starting total price of 23.67 billion yuan, with a record high price per square meter for residential land in the city [13] Company News - *ST Huamei announced a change in its actual controller to the Jilin Provincial State-owned Assets Supervision and Administration Commission, leading to the resumption of its stock trading [14] - *ST Yazhen warned that it may apply for a trading suspension if significant trading anomalies continue [14] - The major shareholder of Zhongying Technology plans to transfer 3.99% of the company's shares [16] - Longpan Technology is developing solid-state battery precursors, currently in the R&D phase [17] - Tianji Co. announced that its subsidiary has obtained patents related to lithium sulfide and is advancing towards industrialization [19] - Zhejiang Rongtai plans to acquire at least 15% of Jinli Transmission's shares to enter emerging fields like humanoid robots [23]

2025年上半年，我国扩内需政策全面加码，成为推动经济稳健前行的关键动力。消费品以旧换新政策效 果持续显现，服务消费需求显著增长，新型消费不断涌现；随着地方政府专项债券和超长期特别国债加 快发行使用，"两重"建设加快推进，基础设施投资平稳增长。 ...

6月25日，亚投行第十届理事会年会在京举行。在本次会议上，绿色基础设施的推进与发展是各国与会 人士均十分关注的话题。而这也正是亚投行成立十年来一直坚持发展的目标之一。 据了解，绿色基础设施是以自然生态系统和生态化人工设施为基础，通过战略性规划形成的网络，旨在 提供生态系统服务、增强生物多样性并提升城市韧性。其核心功能包括生态保护、资源整合及可持续发 展支撑，广泛应用于城乡规划、交通能源等领域，成为推动低碳转型的关键路径。 在亚投行等多边开发机构的支持下，当前发展中国家的基础设施建设已经有了明显的改善。但在部分与 会人士看来，当前全球基础设施低碳化发展仍面临诸多挑战，如私营部门资金引入难、可持续发展相关 数据不一致、不具有可比性等。 事实上，绿色基础设施建设已写入了亚投行《中期发展战略（2021-2030）》中。亚投行设定了2025年 实现气候融资占当年批准融资总额50%的气候目标，并已在2022年、2023年和2024年超额完成该目标， 其中2024年气候融资占批准融资总额67%，达56.1亿美元。 全球基础设施建设不断向低碳化发展 "可持续发展的目标是全世界的挑战，如何吸引私营部门资金进入这一领域仍具有挑战 ...

6月24日至26日，亚投行第十届理事会年会在北京召开，来自近100个国家和地区的3500余名嘉宾参会。 在今天（25日）的论坛上，财政部部长蓝佛安表示，近年来，跨境基础设施建设蓬勃发展，财政部将继 续完善制度环境，最大程度鼓励民营企业参与包括跨境互联互通基础设施项目的建设和运营。（央视） ...

Group 1: Steel Market Overview - Steel stocks experienced a surge in 2021 and 2022 due to the Infrastructure Investment and Jobs Act (IIJA), which allocated $1.2 trillion for projects requiring steel [1] - Interest rates and tariff uncertainties led to a decline in steel stocks in 2024 and early 2025, but recent trends indicate a return of buyers as interest rates are expected to fall [2][3] Group 2: Nucor Inc. Analysis - Nucor Inc. is the largest steel producer in the U.S. and has seen a stock price forecast of $155.56, indicating a 21.27% upside from the current price of $128.27 [2] - Despite a 17% decline in the last 12 months, Nucor's stock has rebounded by 18% in the last month, driven by hopes for renewed infrastructure spending [3] - Analysts project earnings growth of around 43%, supporting a current trading multiple of approximately 22x earnings, which is above its historical average [4] Group 3: Steel Dynamics Inc. Insights - Steel Dynamics Inc. has a 12-month stock price forecast of $148.00, representing a 15.43% upside from the current price of $128.22 [5] - The company recently completed a new plant in Texas, enhancing its production capabilities, particularly in flat-rolled steel, which is in demand for infrastructure projects [7] - Steel Dynamics boasts a strong balance sheet with a debt-to-equity ratio of 0.44% and a safe dividend with a payout ratio of 26% [8] Group 4: Cleveland-Cliffs Inc. Overview - Cleveland-Cliffs Inc. has a stock price forecast of $11.53, indicating a 60.74% upside from the current price of $7.17 [9] - The company generates a significant portion of its revenue from the automotive sector and is encouraged to diversify its revenue streams [9] - Cleveland-Cliffs faces challenges due to a high debt load from acquisitions, and any relief from interest rates could improve its earnings per share, which have been negative for the last three quarters [10][11]

新京报贝壳财经讯（记者黄鑫宇）当前百年变局加速推进世界进入新的重大变革期，推进基础设施互联 互通建设，是各国应对全球性挑战，推动共同发展的重要合作领域，对促进全球经济复苏具有重要的意 义。 亚洲基础设施投资银行（简称"亚投行"）第十届理事会年会在京举办期间，6月25日，国家发展改革委 （简称"发改委"）利用外资和境外投资司负责人华中在参加年会"东道国研讨会：重塑全球贸易互联互 通——基础设施的关键作用"主题论坛时表示，愿与各方一道继续开展多层次多渠道的合作，持续扩大 基础设施互联互通合作空间。 图/国家发展改革委利用外资和境外投资司负责人华中（新京报记者王飞摄） 关于持续扩大基础设施互联互通合作空间，华中分享了他三点建议： 一是持续深化战略对接和务实合作。华中表示，愿与有关国家和地区以及国际机构进一步加强战略对 接，秉持共商共建共享理念，以合作规划为引领，推动重大基础设施合作建设项目取得积极进展，提升 互联互通合作志向，努力为世界发展带来更多确定性和稳定性。 二是充分发挥主权贷款项目的积极作用。华中提出，愿会同有关部门和亚投行等国际机构一起，做好国 际机构对华股权贷款规划顶层设计，组织实施一批绿色低碳可持续具 ...

智通财经6月25日电，据央视新闻，当地时间6月25日，北约成员国在海牙峰会期间发布联合宣言。宣言 指出，各成员国承诺到2035年将每年国内生产总值（GDP）的5%用于核心国防和相关防务支出。此 外，各国还承诺将投入最多相当于GDP1.5%的资金用于保护关键基础设施，以提高其韧性并进一步强 化防务产业能力。宣言还强调北约对乌克兰的"持久主权承诺"，即继续坚定地向乌克兰提供政治、军事 和财政支持。北约同时宣布，2026年北约峰会将在土耳其举行。 北约发表联合宣言 强调对乌克兰"持久主权承诺" ...

Core Viewpoint - Canada needs to reconsider its trade infrastructure to diversify trade away from the United States towards other markets [1] Group 1: Trade Infrastructure - Shifting 10% of trade from the U.S. would increase the share of goods exported from ports and airports by 5% and 3% respectively, while the share of goods crossing the border by road, rail, and pipeline would decrease by 8% [1] - Current federal spending forecasts indicate that over the next 50 years, road and rail will account for more than 80% of infrastructure capital spending [1] Group 2: Investment and Regulation - Addressing the need for diversified trade infrastructure requires investment from both the private and public sectors, along with regulatory reforms to overcome inefficiencies [1]