智通财经6月24日午间新闻精选 1、9月3日上午，北京天安门广场将举行纪念中国人民抗日战争暨世界反法西斯战争胜利80周年大会， 包括检阅部队。 4、美国总统特朗普宣布的以伊停火时间已到，目前双方尚无官宣。以色列国防军24日发表声明说，伊 朗向以色列发射当天第五波导弹。 5、截至午间收盘，沪指涨1%，深证成指涨1.45%，创业板指涨1.94%。恒生指数涨1.95%，恒生科技指 数涨2.28%。 3、央行科技司副司长周祥昆介绍，下一步将研究制定新阶段金融科技发展规划，出台深化运用金融科 技推动金融数字化智能化转型的政策文件。 2、证监会科技监管司副司长、一级巡视员蒋东兴表示，证监会紧密围绕做好数字金融等"五篇大文 章"，将数据要素作为新质生产力的重要组成部分，稳步推进数据要素在资本市场的深度融合与创新应 用。 ...

安全管理方面，央行发布业务领域数据安全管理办法，指导金融从业机构依法依规保障业务数据安全， 促进业务数据开发利用，保护个人、组织的合法权益，筑牢金融安全防线。 国家数据局6月24日举办"数据要素×"系列第二场新闻发布会，中国人民银行科技司副司长周祥昆在会上 详细介绍了央行在《"数据要素×"三年行动计划(2024-2026年)》发布以来的工作成效。 据悉，央行在推进"数据要素×"相关工作中取得显著进展。政策规划方面，央行全面实施2022-2025年金 融科技发展规划，推动金融数据管理与应用相关要求落实，引导金融机构坚持"依法合规、守正为民、 业务赋能、强化保护"原则。与此同时，促进数字技术、数据要素和金融服务深度融合，推进金融数据 高效管理和综合应用。 试点示范工作持续深入开展。央行组织实施金融数字化转型提升工程、金融科技赋能乡村振兴示范工程 等项目，引导金融机构充分发挥数据要素作用，推动"上云用数赋智"进程，优化金融服务质量，丰富金 融产品供给，强化风险防控能力。 标准规范建设不断完善。央行推动实施金融业数据能力建设指引，明确数据共享、融合应用、隐私保 护、质量管理的实施路径、工作方法和评价指标。据了解，金融 ...

Market Overview - The Shanghai Composite Index rose by 0.65% to close at 3381.58 points, with a daily high of 3389.45 points [1] - The Shenzhen Component Index increased by 0.43% to close at 10048.39 points, reaching a high of 10064.75 points [1] - The ChiNext Index gained 0.39%, closing at 2017.63 points, with a peak of 2021.76 points [1] ETF Market Performance - The median return for stock ETFs was 0.54%, with the highest return from the ICBC Credit Suisse CSI 50 ETF at 3.87% [2] - The Southern CSI Computer ETF led the industry index ETFs with a return of 2.7% [2] - The highest return among thematic ETFs was from the China Life Insurance CSI Financial Technology Theme ETF at 4.64% [2] ETF Gain and Loss Rankings - The top three performing ETFs were: - China Life Insurance CSI Financial Technology Theme ETF (4.64%) - Huabao CSI Financial Technology Theme ETF (4.49%) - Bosera CSI Financial Technology Theme ETF (4.2%) [5] - The three ETFs with the largest declines were: - Penghua CSI Liquor ETF (-1.25%) - China Life CSI Major Consumption ETF (-1.09%) - Yinhua CSI Subdivision Food and Beverage Industry Theme ETF (-0.91%) [6] ETF Fund Flows - The top three ETFs by fund inflow were: - Huatai-PB CSI A500 ETF (inflow of 1.478 billion) - Huatai-PB CSI 300 ETF (inflow of 1.15 billion) - China Life CSI 50 ETF (inflow of 1.047 billion) [8] - The ETFs with the largest outflows were: - China Life CSI Sci-Tech 50 ETF (outflow of 355 million) - E Fund ChiNext ETF (outflow of 275 million) - China Life CSI 1000 ETF (outflow of 188 million) [9] ETF Margin Trading Overview - The top three ETFs by margin buying were: - China Life CSI Sci-Tech 50 ETF (419 million) - Huabao CSI Medical ETF (183 million) - Huatai-PB CSI 300 ETF (182 million) [11] - The ETFs with the highest margin selling were: - Fortune CSI A500 ETF (44.942 million) - Southern CSI 1000 ETF (24.7747 million) - China Life CSI 50 ETF (19.476 million) [12] Institutional Insights - Minsheng Securities highlighted that a new wave of financial technology innovation opportunities is emerging, driven by AI applications [13] - Dongwu Securities noted that financial vertical models are becoming a development focus due to favorable policies and successful overseas implementations [14]

央行：将研究制定新阶段金融科技发展规划，出台深化运用金融科技推动金融数字化智能化转型的政策 文件。 （澎湃） 相关链接 ...

Core Insights - The China Hong Kong stablecoin legislation indicates a rapid development phase for blockchain and cryptocurrency technologies, reflecting a positive attitude towards fintech innovation in the region [1] - The People's Bank of China introduced eight financial opening measures at the 2025 Lujiazui Forum, including the establishment of a digital RMB international operation center, promoting the internationalization of digital RMB, and supporting financing for tech companies [1] Financial Technology ETF Performance - The Financial Technology ETF (516860) has seen a net inflow of financing amounting to 1.03 million yuan this month, with a total financing balance of 56.35 million yuan [2] - As of June 23, 2025, the Financial Technology ETF has achieved a one-year net value increase of 86.82%, ranking 10th out of 2869 index stock funds, placing it in the top 0.35% [2] - The ETF's highest single-month return since inception was 55.92%, with the longest consecutive monthly gain being three months and a maximum cumulative increase of 113.16% [2] - The average monthly return during rising months is 10.19%, with an annual profit percentage of 66.67% and a historical three-year holding profit probability of 97.19% [2] Risk and Return Metrics - The Sharpe ratio for the Financial Technology ETF over the past year is 1.39, indicating a favorable risk-adjusted return [3] - The ETF has experienced a relative drawdown of 0.44% compared to its benchmark since the beginning of 2025 [4] Fee Structure and Tracking Accuracy - The management fee for the Financial Technology ETF is 0.50%, and the custody fee is 0.10%, which are among the lowest in comparable funds [5] - The tracking error for the ETF over the past year is 0.045%, the highest tracking precision among comparable funds [5] Index Composition - As of May 30, 2025, the top ten weighted stocks in the China Securities Financial Technology Theme Index (930986) account for 52.03% of the index, with notable companies including Tonghuashun (300033) and Dongfang Caifu (300059) [5][7]

Core Viewpoint - The recent passing of the Stablecoin Regulation in Hong Kong is a significant milestone, with ZhongAn Bank being highlighted as a key player in the digital banking sector, having proposed a "Banking for Web3" vision earlier in 2023 [1][2] Group 1: Company Overview - ZhongAn Bank is recognized as Hong Kong's first digital bank and is positioned to benefit from the new stablecoin regulations, leveraging its technological capabilities and license resources [2][3] - Baishida Holdings, as the largest shareholder of ZhongAn Bank, holds a 43.50% stake in ZhongAn International, which fully owns ZhongAn Bank, thus allowing it to capitalize on the stablecoin policy benefits [2][3] Group 2: Financial Performance - ZhongAn Online, in which Baishida holds 81 million shares, reported total premium income of RMB 33.417 billion in 2024, ranking eighth in the property and casualty insurance industry [2] - Baishida's asset-liability ratio is notably low at 25.2%, indicating strong financial health and risk resilience compared to other property companies [4] Group 3: Strategic Positioning - Baishida's dual strategy of "stable real estate + financial technology" is designed to create a multiplier effect, with its real estate assets providing a safety net while its fintech operations offer growth potential [5] - The company is actively expanding its fintech footprint, including holding a microloan license through equity investment in Chongqing ZhongAn Microloan, enhancing its financial technology portfolio [3][5] Group 4: Market Outlook - The market may currently undervalue Baishida's fintech assets, as it is perceived primarily as a traditional real estate company, suggesting a potential for value re-evaluation as the fintech business gains recognition [5] - The combination of high-quality real estate assets and a growing fintech business positions Baishida for future growth, particularly as it navigates the opportunities presented by the stablecoin regulations [5]

Core Insights - Over 60% of Chinese fintech companies have intentions to expand internationally, with 30% already successfully doing so, highlighting China's role in leading the globalization of fintech [1][2] - China's fintech market has reached approximately $5 trillion, accounting for over 40% of the global total, with around 10,000 fintech companies operating in the country [2][3] Group 1: Global Positioning - China is recognized as the fastest-growing country in fintech, with significant market scale effects [2] - The country has joined international cooperation mechanisms like DEPA and CPTPP, enhancing its fintech companies' global influence and soft power [2][3] Group 2: Challenges and Strategies - Despite notable achievements, Chinese fintech companies face external challenges such as geopolitical uncertainties and high compliance costs [4][5] - Zhang Shenfeng proposed seven strategies for overcoming these challenges, including joining high-level international organizations and balancing innovation with regulation [4][5][6] Group 3: Localization and Collaboration - Emphasis on optimizing localization strategies to ensure companies "take root" in foreign markets rather than merely exporting technology [5][6] - Encouragement for fintech companies to collaborate with domestic entities for a more substantial collective international presence [5][6] Group 4: Target Markets and Talent Development - Recommended focus on regions like Hong Kong, Southeast Asia, the Middle East, and Africa for future expansion [6] - Highlighted the need for cultivating international talent in fintech to address structural shortages and enhance global governance [6]

创50ETF工银（159370.SZ）最新份额规模达2.28亿份。该产品紧密跟踪创业板50指数，创业板50指数由创业板市场中日均成交额较大的50只股票组成，反映 了创业板市场内知名度高、市值规模大、流动性好的企业的整体表现。。指数权重股包括宁德时代、东方财富、迈瑞医疗、汇川技术、中际旭创、新易盛、 阳光电源、胜宏科技、亿纬锂能、爱尔眼科等公司。 目前，创业板50指数最新市盈率（PE-TTM）为29.61倍，估值低于近3年44.12%以上的时间。 截至2025年6月23日，上证指数收涨0.65%，报3381.58点；深证成指收涨0.43%，报10048.39点；创业板指收涨0.39%，报2017.63点；两市总成交额1.12万亿 元，连续18日超万亿；北向资金当日买卖持平。 行业热度看，地面兵装表现亮眼，当日大涨3.81%；能源金属、动物保健紧随其后，分别上涨3.54%、3.28%。 截至今日收盘，全市场共计986只非货ETF上涨，上涨比例达到85%。中证金融科技主题指数上涨4.34%，金融科技ETF华夏、金融科技ETF、金融科技 ETF，分别上涨4.64%、4.49%、4.20%；国证港股通创新药指数上涨2. ...

今日，受周末中东局势升级及美联储流动性预警冲击，沪指早盘低开失守3350 点。不过，金融权重强力护盘，杭州银行、工商银行等创历史新 高，带动指数午前翻红。午后半导体、数字货币以及创新药等多题材接力下，指数加速上涨，收复上周四以来的失地。 值得注意的是，在全球风险偏好降低的背景下，今日A股市场逆势领涨亚太市场。尤其是多国指数走低之时，A股不仅翻红而且表现出的强势， 确实出乎意料。A股的逆势上涨，消息方面或源于"跨境支付通"正式上线，吸引外资布局数字货币概念。除此之外，近期政策利好对金融科技板 块的支撑以及上周下跌之后短期的超跌反弹需求等，或是今日市场修复的重要因素。 不过，尽管市场逆势上行，但海内外压制因素并未消除，风险偏好降低以及成交萎缩之下，震荡格局或仍是短期主旋律： 海外方面，地缘政治风险高企，中东冲突持续升级，伊朗宣布考虑封锁霍尔木兹海峡，原油供应扰动预期升温，这不仅可能推高全球通胀水 平，对经济增长产生负面影响，还会引发市场避险情绪大幅升温，导致资金流出风险资产，对A股形成压力。同时，美联储货币政策走向存在分 歧，若其继续维持鹰派立场，全球流动性环境进一步收紧，将对新兴市场国家股市和债市产生不利影响， ...

Core Viewpoint - The "Action Plan" aims to enhance the competitiveness and influence of Shanghai as an international financial center, reflecting China's commitment to financial reform and opening up [2][4]. Group 1: Competitiveness and Influence of Shanghai International Financial Center - The financial market system in Shanghai is increasingly complete, with a total cross-border RMB payment amount expected to reach 29.8 trillion yuan in 2024, a 30% year-on-year increase, accounting for 47% of the national total [3]. - The internationalization level of Shanghai's financial institutions is rising, with 1,782 financial institutions, one-third of which are foreign [3]. - Shanghai is leading in financial technology innovation, enhancing the application of fintech to empower the real economy [3]. - The ability to serve the real economy has significantly improved, with Shanghai becoming a key funding allocation center supporting various national initiatives [3]. Group 2: Pain Points in Cross-Border Financial Services - Companies face three main pain points in cross-border financial services: inefficient cross-border fund turnover, inadequate foreign exchange risk management tools, and limited cross-border financing channels [4][5]. Group 3: Optimization Measures in the Action Plan - The Action Plan includes 18 innovative measures across five areas, such as optimizing foreign exchange business management and enhancing the global fund management system for enterprises [6]. - It expands the range of participants in the foreign exchange market and enriches hedging tools to improve the functionality of the RMB cross-border payment system [6]. - The plan supports banks in increasing cross-border trade credit issuance, thereby reducing the cost of RMB trade financing for enterprises [6]. Group 4: Highlights of the Action Plan - A notable innovation is the pilot program in Shanghai to support RMB cross-border trade financing through the rediscount window, which will lower financing costs for enterprises [7]. - The optimization of the full-function fund pool in the Shanghai Free Trade Zone allows for automated cross-border payment processing, enhancing global fund management efficiency [7]. - These measures reflect a focus on enhancing the convenience of cross-border financial services and demonstrate China's commitment to financial openness and institutional innovation [8]. Group 5: Regulatory and Safety Measures - The regulatory framework should be categorized and layered, simplifying approval processes for high-credit-rated enterprises while maintaining strict oversight on high-risk activities [9]. - A unified data collection and sharing platform for cross-border financial business can enhance regulatory efficiency and identify abnormal fund flows [9]. - The introduction of regulatory technology and international regulatory cooperation will help balance financial openness with risk prevention [9].