Core Viewpoint - China's rapid economic development through openness contributes to global economic growth, establishing itself as a major trading partner for over 150 countries and regions [1]. Group 1 - The China-Europe Railway Express, referred to as the "Steel Camel Team," symbolizes China's commitment to international trade and connectivity across the Eurasian continent [1]. - Major trade fairs such as the China International Import Expo, Canton Fair, and China International Fair for Trade in Services are attracting global participants, showcasing China's open market [1]. - Despite a complex international economic environment, China emphasizes the importance of open cooperation to address global challenges [1]. Group 2 - China positions itself as a stable anchor and safe haven for the global economy amidst fluctuating external conditions [1]. - The country is committed to further opening its doors to international trade, regardless of changes in the external environment [1].

7月30日中国长安汽车集团媒体沟通会上，阿维塔科技总裁陈卓透露，阿维塔正在与华为推动Hi Plus模 式，双方联合团队已入驻阿维塔总部，第一款共创产品将于明年下半年亮相；同时，阿维塔也在与宁德 时代推动N Plus合作模式，从电池供给到品牌输出深入合作。 沟通会上，陈卓还透露了阿维塔的产品战略规划。市场区间层面，陈卓表示，目前阿维塔国内聚焦25万 至50万区间来打造和布局主力产品，而海外会按照50万的起售价来规划产品，主力售价区间为50万至80 万元人民币。产品规划方面，陈卓透露，阿维塔会在明年推出大六座旗舰SUV和两款华为全新产品。在 2030年前，阿维塔会推出17款新品，覆盖SUV、轿车、MPV、跑车等新市场，为用户提供更丰富的产 品选择。 阔的平台。充分借力这些平台之后，会加速阿维塔实现战略目标的速度和路径，帮助阿维塔构建更强的 体系能力、构建更深的品牌形象，去参与到未来的市场竞争。 阿维塔自身也在塑造差异化长板。陈卓表示，阿维塔坚定按照差异化优势塑造长板，目前品牌自己定义 的长板包括原创设计与智能科技。 设计方面，阿维塔以原创设计引领，在消费者心中的形象正在慢慢巩固和强化，两年已获得三次红点设 计奖； ...

Core Viewpoint - Harbin Hayin Consumer Finance Co., Ltd. (referred to as "Hayin Consumer Finance") has announced a list of 39 partner institutions, demonstrating its commitment to open cooperation in the consumer finance sector while maintaining compliance and risk management strategies [1][4]. Group 1: Financial Performance - As of the end of 2024, Hayin Consumer Finance's total assets reached 24.369 billion yuan, a year-on-year increase of 14.01% [1]. - The company's operating income was 1.399 billion yuan, reflecting a year-on-year growth of 13.46% [1]. - Net profit stood at 156 million yuan, with an increase of 11.03% year-on-year [1]. - The non-performing loan ratio is controlled below 2%, consistently lower than the industry average [1]. Group 2: Cooperative Strategy - The announced 10 lending partners possess core advantages in areas such as traffic scenarios, data risk control, and user operations, aiming to enhance efficiency in customer acquisition, credit assessment, and post-loan management [2]. - Hayin Consumer Finance has also disclosed 29 legally qualified collection agencies, emphasizing its commitment to "sunshine collection" and compliance with operational standards [2]. - All partner institutions underwent rigorous qualification reviews and dynamic management to ensure compliance with regulatory requirements [2]. Group 3: Risk Management - Hayin Consumer Finance utilizes its self-developed intelligent risk control system for independent credit decisions on recommended customer groups, preventing risk transmission across institutions [3]. - In post-loan management, the company employs AI voice recognition and behavior monitoring technologies to ensure full-process tracking and real-time supervision of the collection process [3]. - Regular compliance training and assessments are conducted for partner institutions, establishing a dynamic management mechanism to ensure business compliance [3]. Group 4: Social Responsibility and Future Plans - As a licensed consumer finance company under Harbin Bank, Hayin Consumer Finance focuses on the reasonable credit needs of new citizens and small business owners [3]. - The company emphasizes a balance between "technology empowerment" and "compliance operation," planning to deepen cooperation with leading platforms and explore new business models within the compliance framework [3].

Core Viewpoint - The article highlights the significant role of youth volunteers in facilitating international exchanges during the third China International Supply Chain Promotion Expo, showcasing their contributions to enhancing global cooperation and understanding [9][10]. Group 1: Volunteer Contributions - A total of 480 youth volunteers from 10 universities in Beijing participated in the expo, accumulating 2,902 shifts and 26,467 hours of service [9]. - Volunteers served as "living maps" and knowledge repositories, assisting in guiding visitors and providing translation services to ensure smooth communication between international delegations and exhibitors [11][12]. - The expo featured an exhibition area of 120,000 square meters, with volunteers required to familiarize themselves with various exhibition zones to enhance reception efficiency [11][12]. Group 2: Observations and Insights - Key themes observed during the expo included "technological innovation," "full chain," and "cooperation," indicating a strong focus on collaborative efforts in global supply chains [13][14]. - The event attracted increased international participation, with foreign exhibitors and visitors showing heightened interest in China's advancements in AI and smart manufacturing [15][16]. - Volunteers noted a growing demand for bilingual talents proficient in international law, reflecting the evolving needs of companies engaged in global supply chain cooperation [16][18]. Group 3: Personal Growth and Future Aspirations - Volunteers expressed that their experiences at the expo helped them discover new career paths and the importance of being "language+" composite talents, capable of bridging cultural gaps and solving practical problems [17][18]. - The event inspired volunteers to pursue further education and careers in international cooperation, emphasizing the need for a broader knowledge base and cultural understanding [17][18].

Group 1 - The core viewpoint of the news highlights two initiatives aimed at stimulating market vitality during the upcoming China International Import Expo, namely the "ticket root economy" and the expansion of the departure tax refund system [1][3] Group 2 - The "ticket root economy" initiative will leverage event-related ticket information to provide discounts at various attractions and restaurants in Shanghai, becoming a standard feature of the city's exhibition economy [1] - The number of merchants offering departure tax refunds in Shanghai has increased to 1,420, with expectations to reach around 2,000 by the end of the year, enhancing the convenience for international visitors [1] - The upcoming Expo will feature more self-service tax refund machines, allowing foreign exhibitors to complete tax refund applications by simply scanning their passports [1] Group 3 - The Shanghai International Import Expo will host a series of forums focusing on themes such as openness, trade, investment, and sustainability, with over a hundred side events planned [3] - The theme for this year's forum is "Open Cooperation for New Opportunities, Shared Future," and it will include the release of the "World Open Report" and the latest "World Open Index" [3] - The report will address significant current issues, including artificial intelligence, global green development trends, and economic security in the context of open cooperation [3]

Group 1 - The eighth China International Import Expo (CIIE) is progressing smoothly, with over 50 countries and international organizations confirming participation in the national comprehensive exhibition [1] - The exhibition area for the business exhibition has exceeded 330,000 square meters, with 170 overseas companies and 27 institutions signed up as "full attendance" participants [1] - Countries such as Sweden and the UAE will serve as guest countries, while Kyrgyzstan will participate for the first time, showcasing a strong international interest in the event [1] Group 2 - The theme of the eighth Hongqiao International Economic Forum is "Open Cooperation for New Opportunities and Shared Future," focusing on multilateral cooperation, digital empowerment, green and sustainable development, and a more open China [2] - Shanghai is implementing 264 key tasks to enhance services related to transportation, accommodation, dining, reception, and security for the expo [2] - New measures include electronic visa facilitation for foreign exhibitors and customs improvements to streamline the entry of exhibition goods [2]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - On July 24, 2025, all the current - month contracts of the four major stock index futures rose, with IF up 0.71%, IH up 0.49%, IC up 1.61%, and IM up 1.6% [1] - On the trading day, the total trading volume of stock index futures declined, indicating a cooling of investors' trading enthusiasm. Specifically, the total trading volume of IF decreased by 16,976 lots, IH by 13,034 lots, IC by 9,753 lots, and IM by 6,634 lots. In terms of positions, the total positions of IF increased by 2,311 lots, IH by 135 lots, IC by 1,553 lots, and IM by 35 lots [2] - The trend strength of IF and IH is 1, and that of IC and IM is also 1. The A - share market had a good performance, with the Shanghai Composite Index up 0.65%, the Shenzhen Component Index up 1.21%, the ChiNext Index up 1.5%, and the North 50 up 1.1%. The A - share market turnover was 1.87 trillion yuan, slightly lower than the previous day's 1.9 trillion yuan [6] Summary by Related Catalogs Stock Index Futures Data - **IF Contracts**: IF2508 closed at 4,147 with a 0.71% increase, a basis of - 2.04, a turnover of 37.62 billion yuan, a trading volume of 30,340 lots (down 1,946 lots), and a position of 47,426 lots (up 357 lots); IF2509 closed at 4,141.2 with a 0.76% increase, a basis of - 7.84, a turnover of 80.85 billion yuan, a trading volume of 65,298 lots (down 10,716 lots), and a position of 163,125 lots (up 1,443 lots); IF2512 closed at 4,111.8 with a 0.78% increase, a basis of - 37.24, a turnover of 17.36 billion yuan, a trading volume of 14,115 lots (down 3,732 lots), and a position of 53,553 lots (down 269 lots); IF2603 closed at 4,083.4 with a 0.78% increase, a basis of - 65.64, a turnover of 5.35 billion yuan, a trading volume of 4,380 lots (down 582 lots), and a position of 7,264 lots (up 780 lots) [1] - **IH Contracts**: IH2508 closed at 2,815.4 with a 0.49% increase, a basis of 2.96, a turnover of 1.077 billion yuan, a trading volume of 12,773 lots (down 3,448 lots), and a position of 20,633 lots (down 224 lots); IH2509 closed at 2,816.6 with a 0.50% increase, a basis of 4.16, a turnover of 2.894 billion yuan, a trading volume of 34,309 lots (down 8,089 lots), and a position of 63,790 lots (up 95 lots); IH2512 closed at 2,818 with a 0.49% increase, a basis of 5.56, a turnover of 442 million yuan, a trading volume of 5,242 lots (down 1,496 lots), and a position of 14,530 lots (up 95 lots); IH2603 closed at 2,818 with a 0.43% increase, a basis of 5.56, a turnover of 128 million yuan, a trading volume of 1,518 lots (down 1 lot), and a position of 1,938 lots (up 169 lots) [1] - **IC Contracts**: IC2508 closed at 6,269.6 with a 1.61% increase, a basis of - 24, a turnover of 3.22 billion yuan, a trading volume of 25,848 lots (down 1,438 lots), and a position of 53,361 lots (up 1,361 lots); IC2509 closed at 6,226 with a 1.72% increase, a basis of - 67.6, a turnover of 6.096 billion yuan, a trading volume of 49,292 lots (down 5,044 lots), and a position of 109,680 lots (up 284 lots); IC2512 closed at 6,104.6 with a 1.79% increase, a basis of - 189, a turnover of 1.802 billion yuan, a trading volume of 14,865 lots (down 2,494 lots), and a position of 57,871 lots (down 610 lots); IC2603 closed at 5,997.8 with a 1.95% increase, a basis of - 295.8, a turnover of 650 million yuan, a trading volume of 5,463 lots (down 777 lots), and a position of 8,877 lots (up 518 lots) [1] - **IM Contracts**: IM2508 closed at 6,675.8 with a 1.60% increase, a basis of - 25.32, a turnover of 5.751 billion yuan, a trading volume of 43,342 lots (up 960 lots), and a position of 64,427 lots (down 557 lots); IM2509 closed at 6,618.6 with a 1.84% increase, a basis of - 82.52, a turnover of 16.3 billion yuan, a trading volume of 124,051 lots (down 7,313 lots), and a position of 181,457 lots (up 72,061 lots); IM2512 closed at 6,435.4 with a 1.88% increase, a basis of - 265.72, a turnover of 3.716 billion yuan, a trading volume of 29,081 lots (down 610 lots), and a position of 79,069 lots (up 96 lots); IM2603 closed at 6,273.2 with a 1.86% increase, a basis of - 427.92, a turnover of 1.076 billion yuan, a trading volume of 8,632 lots (up 329 lots), and a position of 13,360 lots (up 1,094 lots) [1] Positions of the Top 20 Futures Members - **IF Contracts**: For IF2508, long positions increased by 197 lots, and short positions increased by 808 lots with a net short - position change of 2,370 lots; for IF2509, long positions decreased by 108 lots with a net long - position change of - 645 lots, and short positions increased by 1,821 lots; for IF2512, long positions decreased by 734 lots, and short positions decreased by 259 lots [5] - **IH Contracts**: For IH2508 and IH2509, long positions decreased by 164 lots with a net long - position change of - 62 lots, and short positions increased by 171 lots; for IH2509, long positions increased by 77 lots, and short positions increased by 345 lots; for IH2512, long positions increased by 25 lots, and short positions increased by 231 lots with a net short - position change of 747 lots [5] - **IC Contracts**: For IC2508, long positions increased by 778 lots, and short positions increased by 1,333 lots; for IC2509, long positions decreased by 1,091 lots with a net long - position change of - 434 lots, and short positions increased by 3 lots with a net short - position change of 996 lots; for IC2512, long positions decreased by 121 lots, and short positions decreased by 340 lots [5] - **IM Contracts**: For IM2508, long positions decreased by 533 lots with a net long - position change of - 1,886 lots, and short positions increased by 414 lots; for IM2509, long positions decreased by 560 lots, and short positions decreased by 904 lots with a net short - position change of - 715 lots; for IM2512, long positions decreased by 793 lots, and short positions decreased by 225 lots [5] Important Drivers - The Chinese President met with the President of the European Council and the President of the European Commission, emphasizing the importance of China - EU cooperation [6] - The National Development and Reform Commission and the State Administration for Market Regulation issued a public consultation on the draft amendment to the Price Law of the People's Republic of China, aiming to clarify the standards for identifying improper price behaviors [6] - The A - share market had a good performance, with the Shanghai Composite Index closing above 3,600 points for the first time since January 2022, and the ChiNext Index leading the gains. Nearly 4,400 stocks rose, and the short - term sentiment and the index both showed signs of recovery [6]

Core Viewpoint - The meeting between Chinese President Xi Jinping and European leaders emphasizes the importance of deepening China-EU relations, which is seen as beneficial for both parties and the global community, especially in the context of current international challenges [1][2][3] Group 1: Principles and Future Directions - Xi Jinping highlighted three key principles for the future development of China-EU relations: mutual respect, open cooperation, and adherence to multilateralism, which are essential for a successful partnership [1] - The essence of China-EU economic relations is characterized by complementary advantages and mutual benefits, with a focus on achieving dynamic balance in development [2] Group 2: Strategic Cooperation and Global Challenges - Both China and the EU advocate for multilateralism and open cooperation, which are crucial in addressing global challenges such as climate change and maintaining international order [3] - The joint declaration on climate change during the 25th China-EU leaders' meeting signals a commitment to collaborative efforts in tackling global issues and promoting multilateralism [3]

Core Viewpoint - The meeting between Chinese President Xi Jinping and European leaders highlights the significance of China-EU cooperation amid a rapidly changing international landscape, emphasizing the need for mutual respect, open collaboration, and adherence to multilateralism [8][10][11]. Summary by Relevant Sections - **Historical Context**: This year marks the 50th anniversary of China-EU diplomatic relations, with leaders reflecting on the historical development and future prospects of their partnership [8][9]. - **Economic and Social Impact**: The cooperation between China and the EU has led to closer economic ties and effective collaboration in areas such as climate change, benefiting nearly 2 billion people in both regions [9]. - **Future Directions**: Xi Jinping proposed three key principles for the future of China-EU relations: mutual respect to strengthen partnerships, open cooperation to manage differences, and commitment to multilateralism to uphold international order [10].

Core Points - The upcoming 25th China-EU leaders' meeting is significant as it marks the 50th anniversary of diplomatic relations between China and the EU, as well as the 80th anniversary of the United Nations [1] - China-EU relations have become one of the most influential bilateral relationships globally, yielding substantial cooperation results that benefit nearly 2 billion people in both regions [1] - The current international situation is characterized by increasing turbulence, unilateralism, and protectionism, making the leaders' meeting crucial for enhancing strategic communication and deepening dialogue and cooperation [1] - China expresses willingness to work with the EU to send a positive signal of commitment to strengthening partnership and upholding multilateralism and open cooperation through a successful meeting [1]