地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层 （100020） 资讯早间报 制作日期： 2025/06/27 隔夜夜盘市场走势 1. 国际油价窄幅震荡，美油主力合约收涨 0.46%，报 65.22 美元/桶；布伦特原 油主力合约涨 0.41%，报 66.70 美元/桶。美国原油库存超预期下降支撑油价， 但中东局势缓和限制涨幅。光大期货指出，油价短期或维持区间震荡，需关注 欧佩克+产量政策变化。 2. 国际贵金属期货收盘涨跌不一，COMEX 黄金期货跌 0.04%报 3341.6 美元/盎 司，COMEX 白银期货涨 1.22%报 36.55 美元/盎司。美联储内部对降息时机存在 分歧，特朗普政府考虑提前宣布鲍威尔继任人选，引发对美联储独立性的担忧。 3. 伦敦基本金属收盘全线上涨，LME 期锌涨 2.42%报 2770.00 美元/吨，LME 期 铜涨 1.89%报 9896.00 美元/吨，LME 期锡涨 1.86%报 33810.00 美元/吨。美联储 降息预期升温提振金属价格，铜市场表现尤为强劲。 重要资讯 【宏观资讯】 1. 国家金融监督管理总局、中国人民银行联合发布《银行业保险 ...

4. 马士基周四晚间表示，根据近期的发展情况，并考虑到目前已达成的停火协议，我们预计一旦确认安全风险降低，就有望 重新开启出口货物的接收。阿什杜德港口的运营仍在继续，尽管我们正密切关注局势。 5. 据CNN报道，四位知情人士透露，特朗普政府已讨论可能帮助伊朗获取至多300亿美元资金用于建设民用核能项目、放宽制 裁并解冻数十亿美元被限制的伊朗资金——这些均是其为促使德黑兰重返谈判桌而加大努力的一部分。 早盘速递 2025/6/27 热点资讯 1. 国家金融监督管理总局、中国人民银行联合发布《银行业保险业普惠金融高质量发展实施方案》。《实施方案》明确，未 来五年基本建成高质量综合普惠金融体系，普惠金融促进共同富裕迈上新台阶。普惠金融服务体系持续优化，普惠信贷体系巩 固完善，普惠保险体系逐步健全。 2. 国家发展改革委召开6月份新闻发布会。会上，国家发展改革委政研室副主任李超表示，消费品以旧换新方面，超长期特别 国债的支持力度是3000亿元，前两批一共1620亿元，已经按照计划分别在今年1月份和4月份下达。并将在7月份下达今年第三 批消费品以旧换新资金。 3. 伊朗最高领袖哈梅内伊发表视频讲话指出，美国袭击了核设施 ...

据悉，本届金交会以"金融聚力扩内需 驱动产业新格局"为主题，于6月26日至28日在中国进出口商品交 易会展馆举办，展览规模2万平方米，共设置金融党建、金融交流合作、银行保险、资本市场、产业金 融、数字金融、地方金融及金融文化等8个展区，期间还举办多场专题会议及品牌活动。 6月26日，第14届中国（广州）国际金融交易·博览会在广州开幕。广州市市长孙志洋出席并致辞，副市 长赖志鸿主持。 孙志洋在致辞中表示，广州是金融业发展沃土，具有厚实的产业基础、活跃的科创加持、广阔的市场支 撑、一流的服务保障。广州将以共建粤港澳大湾区国际金融枢纽为引领，以建设金融强市为目标，认真 做好科技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"，着力提升金融发展能级。将 加快建设"12218"现代化产业体系，推进中国企业"走出去"综合服务基地建设，为金融业高质量发展提 供更广阔空间。诚邀与会嘉宾朋友走进广州，体验广州，感受广州，为广州金融高质量发展贡献更 多"金"点子，合力书写城企双向奔赴、产融深度对接的"金"彩篇章。广州将一如既往为全球投资者、创 新创业者提供最优质高效的服务。 活动中，与会领导和嘉宾为第十三届金融图书"金 ...

Group 1 - The Hong Kong SAR government released the "Hong Kong Digital Asset Development Policy Declaration 2.0," aiming to establish Hong Kong as a global innovation center in the digital asset field [1] - The new policy declaration builds on the first declaration from October 2022, emphasizing the government's vision for digital asset development and the practical application of tokenization [1] - The declaration aims to create a robust digital asset ecosystem that integrates with the real economy and social life, reinforcing Hong Kong's position as an international financial center [1] Group 2 - The National Financial Regulatory Administration and the People's Bank of China jointly issued the "Implementation Plan for High-Quality Development of Inclusive Finance," targeting the establishment of a high-quality inclusive financial system within five years [2] - The plan focuses on optimizing the inclusive financial service system, enhancing the inclusive credit system, and strengthening the inclusive insurance system to support private enterprises [2] Group 3 - China Mobile is seeking nationwide partners for the "RWA Ecological Cooperation" initiative to promote the digitalization and capitalization of real-world assets (RWA) [3] - The initiative will select 20 units to form the "RWA Joint Laboratory," focusing on data resource integration, technology research and development, and funding support [3] Group 4 - The Ministry of Commerce announced plans to implement an integrated action for domestic and foreign trade, aiming to cultivate leading enterprises in this area [4] - The ministry will host over 330 events for foreign trade promotion and enhance policy support for enterprises facing difficulties [4] Group 5 - The National Development and Reform Commission plans to implement a loan interest subsidy policy for equipment updates to reduce financing costs for businesses [5] - The sales of related products for the "old-for-new" policy have exceeded 1.4 trillion yuan this year [5] Group 6 - The National Medical Insurance Administration has included a commercial health insurance innovation drug directory in the 2025 adjustment plan, highlighting the growing role of commercial health insurance in the multi-tiered medical security system [6] Group 7 - A new generation of domestically developed CPU, the Longxin 3C6000, was released, which does not rely on any foreign supply chains and meets various computing needs [7][8] Group 8 - The Central and State Offices issued opinions to advance flood control reservoir construction and improve the flood control engineering system [9] Group 9 - The National Development and Reform Commission announced additional central budget investments to support local implementation of labor substitution projects, aiming to address employment and income issues for key groups [10] Group 10 - Shanghai is focusing on industries such as cell and gene therapy, quantum technology, and 6G, aiming to enhance its technological innovation and research capabilities [11]

Market Overview - On June 3, 2025, A-shares experienced a collective adjustment, with the Shanghai Composite Index closing at 3448.45 points, down 0.22%, and the Shenzhen Component Index at 10343.48 points, down 0.48% [1] - The Hong Kong stock market also saw declines, with the Hang Seng Index dropping 0.61% to 24325.4 points, ending a four-day rally [1] - In contrast, U.S. stock markets closed higher, with the Dow Jones up 404.41 points (0.94%) at 43386.84 points, and the Nasdaq rising 194.36 points (0.97%) to 20167.91 points [1] New Stock Offerings - Yitang Co., Ltd. is set to launch an IPO on the Sci-Tech Innovation Board with a price of 8.45 yuan per share and a price-to-earnings ratio of 51.55 times. The company specializes in integrated circuit manufacturing equipment, providing solutions for major global chip manufacturers [3] Financial Sector Developments - The National Financial Regulatory Administration and the People's Bank of China released a plan to establish a high-quality comprehensive inclusive financial system over the next five years, aimed at promoting common prosperity [4][5] - The plan emphasizes the optimization of inclusive financial services, enhancement of credit systems for small and micro enterprises, and support for rural financial services [5] Automotive Industry News - Xiaomi officially launched its first SUV model, the YU7, with prices starting at 253,500 yuan. The model is available in various colors and features [6] Virtual Asset Regulation - Tianfeng International Securities has upgraded its license to provide virtual asset trading services in Hong Kong, reflecting the growing interest in virtual assets under the regulatory framework established by the Hong Kong Securities and Futures Commission [6] Technology Product Launch - Xiaomi introduced the Xiaomi AI glasses, priced from 1,999 yuan, featuring a 12-megapixel camera and support for third-party app video calls and live streaming [7]

盘前要闻 1、小米YU7一小时大定近29万台!小米ADR大涨近10%，机构火速点评 类型：公司 情绪影响：正面 6月26日晚间小米在京举办发布会，正式发布首款SUV汽车小米YU7，1小时大定突破289000台。隔夜小 米美股ADR一度涨超12%，最终收涨9.85%。长江证券表示，具备高性价比的"好产品"或将激发需求， 开启以产品为驱动的新周期。 2、荣耀确认启动IPO辅导，开启上市之路!或为A股首家AI终端生态企业 类型：公司 情绪影响：正面 据证监会披露，6月26日荣耀终端股份有限公司获上市辅导备案，辅导券商为中信证券，标志着荣耀开 启上市之路。有分析认为，荣耀加快上市步伐，将提升A股市场科技板块的创新活力。若成功上市，荣 耀有望成为A股首家AI终端生态企业，重塑资本市场AI板块格局。 3、两部门：未来五年基本建成高质量综合普惠金融体系 类型：宏观 情绪影响：正面 金融监管总局、央行联合发布《银行业保险业普惠金融高质量发展实施方案》。方案明确，未来五年基 本建成高质量综合普惠金融体系，普惠金融促进共同富裕迈上新台阶。普惠金融服务体系持续优化，普 惠信贷体系巩固完善，普惠保险体系逐步健全。 4、发改委：把提振 ...

第三批消费品以旧换新资金将于7月下达 小米YU7发布，起售价25.35万元，1小时大定突破28.9万台 重要消息 申购提示： 屹唐股份申购代码787729，发行价8.45元/股，申购上限4.10万股。投资有风 险，申购需谨慎 《中共中央办公厅 国务院办公厅关于全面推进江河保护治理的意见》发布 国务院办公厅印发《关于进一步完善信用修复制度的实施方案》 重要的消息有哪些 1．国务院办公厅印发的《关于进一步完善信用修复制度的实施方案》6月26日对外发布。方案着眼于信 用修复制度的有效实施，从十个方面对信用修复进行了全面系统的规范。方案提出，统一信用信息公示平 台，完善失信信息分类标准，明确信用修复申请渠道，简化信用修复申请材料，压实信用修复办理责任， 明确信用修复办理期限，同步更新信用修复结果，健全异议申诉处理机制，协同推动破产重整、破产和解 企业高效修复信用，规范征信机构使用信用信息行为。 2．《中共中央办公厅 国务院办公厅关于全面推进江河保护治理的意见》发布，其中提到，主要目标是： 到2035年，现代化流域防洪减灾体系基本完善，防洪安全保障能力显著提高；水资源节约集约利用水平 进一步提高，城乡供水安全保障水平明 ...

国家金融监督管理总局6月26日消息，金融监管总局、中国人民银行近日联合发布《银行业保险业普惠 金融高质量发展实施方案》。实施方案提出，未来五年基本建成高质量综合普惠金融体系，普惠金融促 进共同富裕迈上新台阶。普惠金融服务体系持续优化，普惠信贷体系巩固完善，普惠保险体系逐步健 全。实施方案强调，实现普惠金融高质量发展，必须加强党中央集中统一领导，供给多层次、多样化的 普惠金融服务，持续提升覆盖面和可得性，推动降低综合成本，不断提升普惠金融服务人民群众生产生 活的能力和水平。 ·逾八成银行股创今年以来新高市场进入新中枢波动加大 6月26日，A股市场冲高回落，三大指数均下跌。A股券商板块与港股中资券商板块同步调整，整个A股 市场超3600只股票下跌，逾1600只股票上涨，逾70只股票涨停，市场成交额为1.62万亿元。资金面上， 资金情绪谨慎，沪深两市主力资金净流出超270亿元。分析人士认为，情绪中性、流动性宽松下A股短 期可能延续震荡趋势，但市场韧性有望延续，能否向上突破取决于结构性政策的节奏和效果。 ·悄然"逆袭" 超百只主动权益基金净值创新高 数据显示，截至6月25日，按照基金主代码统计口径，全市场已有超过18 ...

Group 1 - The Shanghai Composite Index is expected to test the 3500-point mark, but it may require 10-20 working days to consolidate before making this move, indicating a need for patience [1][12][13] Group 2 - The U.S. stock market saw slight gains, with the Dow Jones up by 0.94%, the S&P 500 up by 0.80%, and the Nasdaq up by 0.97%, approaching historical highs [4] - The S&P 11 sectors mostly rose, with the communication services sector leading, while the real estate sector lagged [4] - Major tech stocks generally increased, with Netflix, Amazon, and Meta rising over 2%, and Microsoft, Google, and Intel rising over 1% [4] Group 3 - The U.S. Commerce Department reported a revised first-quarter GDP growth rate of -0.5%, down from a previous estimate of -0.2%, which was below market expectations [5] - The core PCE price index recorded a final value of 3.5%, exceeding the expected 3.4% [5] Group 4 - Xiaomi held a comprehensive ecosystem launch event, introducing several products including the SU7 Ultra limited edition priced at 814,900 yuan and the MIX Flip 2 starting at 5,999 yuan [10] - Honor confirmed the initiation of its A-share IPO guidance, with the underwriting firm being CITIC Securities [10] Group 5 - Ningbo Huaxiang's subsidiary signed a contract to produce full-size biped robots for Shanghai Zhiyuan, which is expected to positively impact the company's future business expansion [11] - ST Yazhen announced a stock suspension for investigation due to abnormal trading fluctuations, with a cumulative price deviation of 29.43% [12] - Shengmei Shanghai plans to adjust its share repurchase price cap to 120 yuan per share, with a total repurchase fund of no less than 50 million yuan and no more than 100 million yuan [13]

Group 1 - The implementation plan aims to establish a high-quality inclusive financial system over the next five years, promoting common prosperity and optimizing the inclusive financial service system [1] - The plan includes enhancing the inclusive financial service system, consolidating the inclusive credit system, and strengthening the inclusive insurance system [1] - Specific measures involve improving the multi-level inclusive financial institution system, enhancing credit services for small and micro enterprises, and developing specialized insurance products [1][2] Group 2 - Experts believe the implementation plan will improve the quality and efficiency of inclusive financial services, promote balanced distribution of financial resources, and enhance risk management [2] - The banking and insurance sectors are expected to accelerate technological investments and innovate service models, such as smart credit and digital rural finance [2] - As of Q3 2024, the balance of loans for small and micro enterprises reached 79.8 trillion yuan, with inclusive loans for small micro enterprises growing by 14.7% year-on-year [2] Group 3 - Supporting the high-quality development of small and micro enterprises is essential for stabilizing the macro economy and promoting employment [3] - Regulatory bodies are encouraging financial institutions to innovate products and expand inclusive financial services [3] - Analysts predict that the banking sector will see significant performance improvements due to coordinated fiscal and monetary policies, and a favorable interest rate environment [3] Group 4 - Industrial and Commercial Bank of China (ICBC) is a leading bank in inclusive financial loans, offering online products like "Business Quick Loan" and "Online Loan" [4] - Agricultural Bank of China (ABC) has a high coverage rate in rural areas and provides various online products to support agricultural financing [5] - Ping An Insurance has developed a model combining credit guarantee insurance with bank loans to assist small micro enterprises lacking collateral [5]