在沂蒙这片充满活力的热土上，小微企业如同星火，汇聚成推动区域发展的重要力量。恒丰银行临沂分行深植服务实体经济初心，聚焦小微企业高质量发 展，通过深入企业、精准识别需求、定制金融方案，以源源不断的金融活水滋养小微企业成长根基，为培育新质生产力、加快沂蒙老区高质量发展注入金融 动能。 赋能"专利"变"生产力"，小蒜头撬动大产业 "专利再好，不能落地转化就是'空中楼阁'。我们得帮企业把'纸'变成'钱'，把技术变成生产线。"恒丰银行临沂分行的业务骨干在深入企业摸排需求时，敏锐 地捕捉到这一关键痛点，针对企业轻资产特点量身定制融资方案，以纯信用方式为其批复了500万科技成果转化贷款。这笔资金如同"及时雨"，迅速投入该 专利技术的产业化落地以及大蒜、柠檬等核心原材料的采购。 画笔点"陶"金，老技艺焕发新生机 当千年陶瓷技艺邂逅现代创意设计，会碰撞出怎样的火花？在山东某文化创意产业有限公司的生产车间里，工匠们正将灵感倾注于泥胚。这家企业是当地文 化创意领域的佼佼者，通过技术创新将传统陶瓷工艺与现代审美相融合，开发独具特色的文创产品。在拓展市场、加大研发投入的关键时期，资金压力也随 之而来。 （图为兰陵县某蔬菜食品有限公司生 ...

广东银行保险业上半年成绩单出炉。 7月24日，21世纪经济报道记者在广东银行业保险业2025年上半年新闻通气会上获悉，广东银行业资 产、负债、存贷款，保险业资产、保费收入和承保利润等规模指标持续稳居全国第一，为广东经济增长 提供充足的融资支持和风险保障。 信贷指标回升向好 银行业而言，截至6月末，广东银行业总资产41.2万亿元、总负债40万亿元，分别同比增长5%、 5.14%，高于同期GDP增速。各项贷款余额29.23万亿元、各项存款余额32.15万亿元，分别同比增长 5.05%、6.99%，增速均较一季度有所提高。 其中，广东金融监管局辖内（不含深圳，下同）银行业资产总额27.22万亿元，同比增长5.71%。各项贷 款余额19.4万亿元，同比增长5.88%,较年初增加9067.57亿元，其中超七成为中长期贷款。银行业债券投 资2万亿元。各项存款余额21.94万亿元，同比增长7.12%。 保险经营"逆势上扬" 保险业而言，截至6月末，广东保险业总资产2.66万亿元，比年初增长6.36%；1-6月，保费收入4616亿 元，同比增长5.53%，高于全国0.46个百分点。其中浮动收益型的分红险保费收入734亿元，同 ...

优化产业布局。大学科技园立足科研优势，推动12所高校与企业合作，提供源源不断的技术支撑。创新 谷立足新质生产力，规划建设3个千亩产业园，重点布局生物医药、新能源汽车及低空经济等新兴产 业。济南经济开发区立足新动能，盘活闲置土地，加快数字化转型升级，优化提升传统制造业。各街镇 立足"专精特新"，为主导产业配套服务，打造特色产业集群。 加大项目建设。长清区聚焦"3+2"产业体系，精准绘制产业招商图谱，建立"靶向式"项目谋划招引机 制，今年以来共招引谋划工业项目62个，总投资213亿元。落实"四抓四提升"要求，以全流程项目服务 推进项目落地，近三年滚动实施工业项目200余个，累计完成工业投资117亿元，年均增长42%。大力推 进新产品、新技术、新工艺研发，实施工业技改项目125个，完成技改投资65.4亿元，年均增长137%。 工业投资和技改投资在固定资产投资的比重由三年前的12.5%提升到目前的31.5%，实现了由"基建驱 动"到"工业驱动"的华丽转变。 7月24日，济南市政府新闻办召开"深入实施工业强市发展战略"主题系列新闻发布会长清区专场，介绍 长清区推进工业强市发展战略的有关情况。记者在会上获悉，长清区创新谷 ...

7月24日，国家医疗保障局有关负责人出席国新办高质量完成"十四五"规划系列主题新闻发布会。记者 从会上了解到，"十四五"期间，基本医保参保率稳定在95%左右，2024年参保人数达13.27亿人；医保基 金安全稳健运行，累计结余3.86万亿元。医保基金在减轻民众就医负担、织密健康"安全网"的同时，通 过支持创新药快速纳入医保目录、支付方式改革等方式，有力促进了医疗、医药行业高质量发展与产业 升级转型，日益发挥出作为重要经济要素的作用。 "十四五"期间，各项医保改革发展任务圆满完成。国家医疗保障局局长章轲介绍，"十四五"期间，基本 医疗保险参保率稳定在95%左右，2024年度全国基本医保参保人数达到13.27亿人。基本医保参保长效 机制不断健全完善，医疗救助每年资助参保约8000万人。职工和居民住院费用目录内基金支付比例稳定 在80%和70%左右。职工医保门诊共济保障和普通门诊费用统筹保障机制全面建立。长期护理保险制度 试点深入推进，参保覆盖达1.9亿人。 医保基金的安全网不断织密扎牢，基金运行持续稳健。章轲指出，截至2024年年底，医保统筹基金累计 结余3.86万亿元。基金运行监测不断强化。基金监管体系全面建立 ...

点击链接→《 天天基金放大招了！狂撒百万体验金，真金白银等你来拿！ 》，在文章评论区 参与互动，有机会赢888元！ 近期，A股市场表现强劲。沪指自7月9日成功突破3500点后，连续9个交易日稳守 这一 关 口，且不断刷新年内高点。 7 月2 3 日 ，沪指、上证50 指数 等盘中突破3600、2800点，续写新篇章。 本轮指数突破有何独特之处？后续走势将如何展开？ 在基金公司看来，当前市场或仍处于上涨趋势中，不能轻易言顶。与以往相比，此次行情基 础更为扎实，市 场赚钱效应有望逐步扩散。 多因素驱动 此次行情基础更为扎实 业内认为，近期市场的上涨是多重利好因素共同推动的结果。 对于近期的上涨，长城基金认为有几个驱动因素：一是 " 反内卷 " 政策不断深化。 从 去年7 月 中央 政治局会议首次提到 " 反内卷 " 到现在已有一年时间，范围不断扩大，从上游资源 品、"新三样"到快递、航空等，而不是像上一轮供给侧改革主要集中在传统行业的去产能。 " 反内卷 " 政策的推出及执行，有望上修PPI和A股盈利预期。 二是世界级超级工程—总投资达1.2万亿元的雅鲁藏布江下游水电项目宣布开工，对顺周期板 块的情绪拉动较大，一 ...

1. Report Industry Investment Rating - The report does not explicitly mention the overall industry investment rating 2. Core Viewpoints of the Report - In Q2 2025, the overall market value of A - share holdings of active equity - oriented funds decreased, while that of H - share holdings increased. The industry concentration of the top heavy - stock holdings of equity - oriented funds decreased. The communication, non - bank finance, and media industries saw significant increases in allocation ratios, while the steel, food and beverage, and coal industries had large reduction ratios [4][6]. - The structure of the top heavy - stocks of active equity - oriented funds changed. The overall number of large - market - cap leaders decreased, and the holdings of sub - industry leaders increased. The new high - growth technology stocks related to AI emerged, while traditional large - cap white - horse stocks were significantly reduced [4]. - In terms of industry leaders, the communication, non - bank finance, media, agriculture, forestry, animal husbandry, and beauty care industries were significantly increased, while the steel, coal, real estate, social services, and food and beverage industries were significantly reduced [21]. - The report suggests focusing on four investment themes: communication and hardware upstream under AI diffusion, non - bank finance, new consumption in the Hong Kong stock market, and national defense and military industry [26] 3. Summary by Relevant Catalogs 3.1 2025Q2 Active Fund Heavy - Stock Holding Structure Overview - **A - share and H - share holdings changes**: In Q2 2025, the total market value of active equity - oriented fund heavy - stock holdings was 1736.2 billion yuan, a 1.66% QoQ decrease. A - share holdings decreased by 2.79% QoQ to 1394.8 billion yuan, while H - share holdings increased by 3.20% QoQ to 341.3 billion yuan. Due to the complex macro - economic environment and market volatility, funds faced redemption pressure and tended to reduce large - cap stocks with poor liquidity [6]. - **Industry concentration decline**: From Q1 to Q2 2025, the industry concentration of the heavy - stock holdings of equity - oriented funds decreased. CR3 decreased by 0.56 percentage points to 38.37%, and CR5 decreased by 4.18 percentage points to 51.18%. The top five industries in terms of holding market value remained the same, but the proportion of the electronics industry increased, while the other four industries decreased [4][7]. - **Structural adjustment of industry holdings**: In Q2 2025, 12 industries saw an increase in the total market value of holdings. The communication, non - bank finance, and media industries had large increases in allocation ratios, rising by 75.88%, 64.62%, and 38.37% respectively. The steel, food and beverage, and coal industries had large reduction ratios, decreasing by 46.32%, 26.16%, and 23.99% respectively [9] 3.2 Q2 Active Fund Top Heavy - Stock Tracking - **Change in the structure of top heavy - stocks**: In Q2 2025, the structure of the top 20 heavy - stocks of active equity - oriented funds changed. The large - market - cap leaders decreased, and the sub - industry leaders increased. The market value of the top 20 heavy - stocks accounted for 20.72% of all heavy - stocks, a 2% decrease from Q1 [12]. - **Changes in the top five heavy - stocks**: The top five heavy - stocks remained the same, but the overall holdings decreased. New high - growth technology stocks such as New Fiber Optic Technology and Inphi Corporation quickly rose in the rankings, while traditional large - cap white - horse stocks such as Luxshare Precision Industry, Midea Group, and Contemporary Amperex Technology were significantly reduced [4]. - **Hong Kong stock market adjustment**: In the Hong Kong stock market, AI and Internet media leaders were reduced, while the pharmaceutical and new consumption sectors that performed well in Q2 were significantly increased [18] 3.3 Q2 Industry Leader Heavy - Stock Tracking - **Industry leader allocation changes**: In Q2 2025, the communication, non - bank finance, media, agriculture, forestry, animal husbandry, and beauty care industries were significantly increased, while the steel, coal, real estate, social services, and food and beverage industries were significantly reduced [21]. - **Communication industry focus**: Driven by the booming demand for AI hardware, the communication industry became the focus of funds. The optical module sector, which benefits from the expansion of AI capital expenditure, was the main area for increasing communication heavy - stocks. The profitability of communication equipment is expected to continue to improve in the second half of the year [22]. - **Non - bank finance sector highlights**: The leaders of the non - bank finance sector attracted attention. The holdings of Ping An Insurance and CPIC increased by 55% and 41% respectively, and securities leaders such as Citic Securities and Huatai Securities also saw over 30% increases. The brokerage sector's performance is expected to continue to improve [23] 3.4 Investment Recommendations - **AI diffusion - related communication and hardware upstream**: The significant increase in the holdings of optical module leaders reflects that funds are extending from AI software to computing infrastructure. AI capital expenditure is expected to drive the performance of upstream sectors in the second half of the year [26]. - **Non - bank finance sector**: The concentrated increase in holdings of leaders such as Citic Securities and Ping An Insurance reflects the positive expectations of the market for the profitability improvement of the brokerage and insurance sectors. The non - bank finance sector is expected to achieve a resonance of valuation repair and performance recovery [26]. - **Hong Kong stock new consumption theme**: After the correction in the AI sector, funds refocused on consumption structure highlights, especially in the Hong Kong stock market. Sub - sectors such as pets, toys, and emotional consumption have become important directions for heavy - stock allocation [26]. - **National defense and military industry safety theme**: The significant increase in the holdings of core military stocks reflects the high attention of institutions to the "national security + high - end manufacturing" theme. The military industry has policy support, order growth, and mid - report performance improvement expectations, with medium - term allocation value [27]

Core Viewpoint - The A-share market shows positive signals with the CSI A500 index rising by 0.5%, indicating a potential upward trend in the market [1] Group 1: Market Performance - As of 10:45 AM, the CSI A500 index has increased by 0.5%, with stocks like Hainan Airport, China Duty Free, and China State Construction reaching their daily limit [1] - The A500 ETF managed by E Fund (159361) has seen a net inflow of over 1 billion yuan in the last two trading days, bringing its total scale to 16.6 billion yuan, a four-month high [1] Group 2: Market Sentiment and Trends - According to Galaxy Securities, the current market conditions suggest that the A-share market is likely to reach a new level, supported by positive investor sentiment and ample liquidity [1] - The short-term outlook indicates limited downside potential for the market, while the long-term trend remains upward, bolstered by the entry of long-term funds such as insurance capital [1] Group 3: Index Composition and Features - The CSI A500 index consists of 500 stocks with large market capitalization and good liquidity, covering 91 out of 93 sub-industries in the CSI third-level industry classification [1] - The index includes a significant number of leading companies in emerging industries such as information technology and healthcare, driving both "core assets" and "new productive forces" [1] - The management fee rate for the A500 ETF is only 0.15% per year, providing a low-cost option for investors to access core assets [1]

记者丨 高慧超 编辑丨 林曦 今年来，在招贤引才的赛道上，广东一路"狂飙"。 7月24日，南方财经记者从有关部门获悉， 截至7月中旬，广东已吸纳超100万应届高校毕业 生留粤来粤就业创业，为广东现代化产业体系建设打造强劲"人才引擎"。 今年年初，广东在省高质量发展大会吹响"粤聚英才、粤见未来"号角，启动实施"百万英才汇 南粤"行动计划，立下吸纳100万高校毕业生的"军令状"。此后，广东"大招"频出，推出了一 系列超常规引才动作，提前半年就交出完美引才答卷，以超速冲刺的姿态，彰显经济大省挑 大梁的硬核担当。 作为引领全球的智造基地和新兴产业重要策源地，近年来，广东新兴产业和未来产业发展势 头强劲。随着越来越多高素质人才汇聚南粤大地，广东的产业创新活力有望进一步被激发， 为高质量发展、现代化产业体系加速构建注入新的澎湃动能。 打造人才"强磁场" 今年来，广东以超大型招聘会为重要抓手，打出一套精准高效的引才"组合拳"，强势打造人 才"强磁场"。 3月16日，"百万英才汇南粤"春季大型综合招聘会在广州首秀，1000多所高校近12万学生参 加，清华、北大等重点高校学生"组团"应聘，场面火爆；4月，广东在北京、上海、杭州 ...

近日，广州白云机场（600004）三期南方安置区建设迎来重大节点，首批安置房提前6个月顺利通过工 程竣工验收，为动迁居民早日入住家园筑牢根基。 "南方安置区首批安置房的提前验收，是广州推进重大民生工程建设的生动缩影。"广州机场建设投资集 团有关负责人介绍，白云机场三期扩建工程是中国民航机场建设史上规模最大的改扩建工程。项目关系 到1.8万户、6.2万人的妥善安置，共规划建设15个安置区，总建筑面积约1400万平方米，总投资超千亿 元，不仅是广东省在建规模最大的安置区项目，更是关乎万千群众切身利益的重大民生工程。 据了解，项目保障了白云机场三期扩建近23平方公里的用地需求，成功带动了机场周边39个村的改造开 发，高标准打造宜居宜业、产城融合的临空新城，是广州市新一轮城中村改造的先行探索，走出了重大 基础设施建设联动城市有机更新的"广州路径"。 项目创新采用"建设指挥部+企业"协同运作模式，以市级建设指挥部作为顶层统筹核心，以广州机场建 设投资集团为执行主力，各参建单位勠力同心、紧密协作，将政府主导的统筹优势与企业运作的高效执 行能力深度融合，为项目建设按下"快进键"。 中国中铁（601390）承担南方安置区多个 ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 科创板100ETF（588120）跟踪的是科创100指数（000698），单日涨跌幅可达20%。该指数由中证指数 有限公司编制，从科创板市场中选取市值中等、流动性较好的100只证券作为指数样本，以反映科创板 中盘证券的整体表现。指数成分股主要覆盖新一代信息技术、生物医药、新材料等科技创新领域，充分 体现了科创板的成长性和创新性特征。 没有股票账户的投资者可关注国泰上证科创板100ETF发起联接C（019867），国泰上证科创板100ETF 发起联接A（019866）。 相关机构，发展新质生产力是当前政策对于国内经济方向的重要指引，流动性宽松背景下，科创类公司 有望超额收益，建议关注政策驱动及产业趋势下的新兴产业，如国产AI、深海科技、人形机器人等。 我国创新药的国际竞争力显著提升，有望持 ...