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 ...

在这个充满政治戏剧和市场猜测的季节里，唐纳德·特朗普总统再次成为了头条新闻的制造者，这次的 目标是美国经济的守护者——联邦储备系统。 据知情人士透露，特朗普正考虑打破传统，大幅提前宣布下一任美联储主席的人选，这距离现任主席杰 罗姆·鲍威尔的任期结束还有近一年的时间。 这场不同寻常的"选秀"不仅是对鲍威尔的公开施压，更是一场试图在正式交接前就影响货币政策的"后 座司机"策略，让华尔街的交易员们既感到困惑，又嗅到了潜在的交易机会。 特朗普对鲍威尔的不满早已不是秘密。他认为鲍威尔在降息问题上过于"谨慎"，未能充分利用货币政策 来"涡轮增压"经济，配合他那"一个、大、美丽的法案"（The One, Big, Beautiful Bill）所描绘的增长蓝 图。 白宫的官方说法是，美联储应该追求"以增长为导向"的政策，但翻译过来，这通常意味着：总统希望看 到更低的利率，而且是越快越好。 现在，特朗普的耐心似乎已经耗尽。他正在考虑在今年秋天，甚至可能在夏天就宣布他心目中的下一任 美联储掌门人。这比通常的过渡期提前了整整半年。 这个想法的核心是创造一个"候任主席"，让这位被选中人能够提前进入公众视野，通过公开发言来塑造 市场 ...

智通财经6月27日电，美联储卡什卡利称，独立的货币政策通常会带来通胀降低、劳动力市场改善。 ...

Core Viewpoint - Spain has resisted U.S. pressure to increase its defense spending to 5% of GDP, committing only to 2.1%, reflecting its independent stance within NATO and the EU [1][3][4] Defense Spending and NATO Relations - At the NATO summit, leaders agreed to raise defense spending to 5% of GDP by 2035, but Spain's Prime Minister Sanchez firmly stated that Spain would not follow this directive, maintaining its commitment to 2.1% [3][4] - Spain's position has drawn criticism from the U.S., with President Trump labeling Spain as "NATO's new villain" and threatening repercussions in trade negotiations [3][4] - Only Belgium and Slovakia openly supported Spain's stance against the 5% requirement, highlighting Spain's isolation on this issue [4] Historical Context and Public Sentiment - Spain's reluctance to prioritize defense spending is rooted in its historical context, particularly the legacy of the Franco dictatorship, which neglected military funding [5][6] - The Spanish public has a cautious attitude towards military expansion, influenced by a long-standing pacifist tradition [7][8] Economic Considerations - Spain's defense budget for 2024 is approximately €17.2 billion, a 9.3% increase from 2023, but still only 1.28% of GDP, the lowest among NATO countries [5][8] - The government prefers to allocate resources to social welfare rather than military spending, with Sanchez emphasizing the need to avoid jeopardizing public services [8][9] Independent Foreign Policy - Spain seeks to maintain an independent foreign policy, balancing relations with the U.S. and China, and advocating for closer economic ties with China despite U.S. warnings [10][11] - Spain's unique geographical position influences its security perceptions, leading to a different threat assessment compared to Eastern European countries [9][12] Support for Ukraine and Regional Stability - Spain has been a strong supporter of Ukraine, providing military aid and emphasizing the need for dialogue with Russia to resolve the conflict [11][12] - Spain's diplomatic efforts extend to maintaining stable relations with North African countries, focusing on regional security and cooperation [12]

Core Viewpoint - The company is conducting a transaction to acquire all shares of Hangzhou Bicheng Digital Technology Co., Ltd. and has engaged Shanghai Zhonghua Asset Appraisal Co., Ltd. as the evaluation agency to assess the market value of the target assets [1][2]. Group 1: Independence and Reasonableness of the Evaluation - The evaluation agency, Shanghai Zhonghua, has no related party relationships with the company or the transaction counterpart, ensuring its independence [1]. - The assumptions made in the evaluation report comply with national laws and regulations, and are reasonable according to market practices and asset appraisal standards [1][2]. Group 2: Evaluation Methodology and Purpose - The purpose of the evaluation is to determine the market value of the target assets as of the evaluation benchmark date, providing a reference for the transaction [2]. - The evaluation methods used are appropriate, and the conclusions drawn are reasonable, reflecting the actual situation of the evaluated assets [2]. Group 3: Fairness of the Transaction Price - The transaction price will be based on the evaluation report, adjusted for cash dividends during the transition period, ensuring fairness and reasonableness without harming the interests of the company and minority shareholders [2].

上海现代制药股份有限公司 （2025 年 6 月 26 日经 2024 年年度股东大会审议修订） 第一章 总则 独立董事应当按照相关法律法规和《公司章程》的要求，认真履行职责， 在董事会中发挥参与决策、监督制衡、专业咨询作用，维护公司整体利益，保 护中小股东合法权益。 独立董事应当独立履行职责，不受公司及其主要股东、实际控制人等单位 或者个人的影响。 第二章 独立董事的任职条件和独立性 第四条 独立董事候选人应具备上市公司运作的基本知识，熟悉相关法律法 规和规则，具有 5 年以上法律、经济、财务、管理或者其他履行独立董事职责 所必需的工作经验。 第五条 独立董事候选人任职资格应符合下列法律、行政法规和部门规章的 要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规定； （三）中国证监会《上市公司独立董事管理办法》的相关规定； 第一条 为进一步完善上海现代制药股份有限公司（以下简称公司）的治理 结构，切实保护中小股东的权益，维护公司利益，促进公司规范运作，根据 《中华人民共和国公司法》《上市公司独立董事管理办法》《上海证券交易所 上市公司自律监管 ...

Core Points - The document outlines the annual report work system for independent directors of Beijing Zhen Shitong Technology Co., Ltd, aiming to enhance the company's operational standards and clarify the responsibilities of independent directors in the annual report process [1][2] Group 1: Responsibilities of Independent Directors - Independent directors are required to ensure that all necessary disclosures in the annual report are truthful, complete, and accurate [3][4] - The chairman of the board is the primary responsible person for the communication mechanism regarding the annual report, while the securities affairs department coordinates the process [1][2] - The management team must cooperate with independent directors to ensure timely, accurate, and complete information is provided [2][3] Group 2: Communication and Oversight - Independent directors must meet with the annual audit registered accountants at least once before the board meeting to discuss issues discovered during the audit process [3][4] - The independent directors are responsible for reviewing the financial reports and ensuring the clarity and completeness of financial information [4][5] - If independent directors have objections regarding the annual report, they must provide written confirmation and can independently hire external audit and consulting firms if necessary [5] Group 3: Confidentiality and Compliance - Independent directors have a confidentiality obligation during the annual report preparation and must prevent insider trading and information leaks [2][3] - They must report any changes in the accounting firm to the regulatory authorities promptly [3][4] - The independent directors are also tasked with reviewing the board meeting procedures and ensuring all necessary documents are in order before the meeting [4][5]

盛美半导体设备（上海）股份有限公司 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其 主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行 独立客观判断关系的董事。 （二）符合本制度第六条规定的独立性要求； （三）具备上市公司运作的基本知识，熟悉相关法律法规和规则； 第二章 独立董事的任职资格 第三条 独立董事应当符合下列条件： （一）根据法律、行政法规和其他有关规定，具备担任上市公司董事的资格； 独立董事工作制度 第一章 总 则 第一条 为进一步完善盛美半导体设备（上海）股份有限公司（以下简称 "公司"）的法人治理结构，改善董事会结构，强化对内部董事及经理层的约束 和监督机制，保护中小股东及债权人的利益，促进公司的规范运作，根据《上市 公司独立董事管理办法》《上市公司治理准则》《上海证券交易所科创板上市公 司自律监管指引第 1 号——规范运作》及《盛美半导体设备（上海）股份有限公 司章程》（以下简称"《公司章程》"）等有关规定，并结合公司实际，特制定 本制度。 （四）具有五年以上履行独立董事职责所必需的法律、会计或者经济等工作 经验； （五）具有良好的个人品德，不存在重大失 ...

南京海辰药业股份有限公司 独立董事工作制度 （2025 年【6】月） 第一章 总则 第一条 为完善南京海辰药业股份有限公司(以下称"公司")治理结构，规 范公司运作，更好的维护公司整体利益，保障全体股东特别是中小股东的合法权 益不受损害，根据《中华人民共和国公司法》 （以下称"《公司法》"）、 《上市公司 独立董事管理办法》（以下简称"《管理办法》"）、《上市公司独立董事履职指引》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 （以下简称"《规范运作》"）、 《深圳证券交易所创业板股票上市规则》 （以下简称 "《上市规则》"）《独立董事和审计委员会履职手册》以及《公司章程》（以下称 "《章程》"）的规定，特制定本独立董事工作制度（以下称"本制度"）。 第二条 独立董事系指不在公司担任除董事外的其他职务，并与公司及其 主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行 独立客观判断的关系的董事。 第三条 公司目前设独立董事 3 名。如果《章程》规定的董事会成员人数发 生变更，则公司董事会成员中应当有三分之一以上（包括三分之一）是独立董事， 且至少包括一名会计专业 ...

Core Viewpoint - The company aims to enhance its operational standards by establishing clear responsibilities for independent directors in the annual report process, ensuring their supervisory role in the preparation and disclosure of the report [1][2]. Group 1: Responsibilities of Independent Directors - Independent directors are required to diligently fulfill their responsibilities and obligations during the annual report preparation and disclosure process, ensuring the protection of the company's overall interests [1][2]. - They must ensure that all necessary disclosures are made accurately and completely in the annual report [1][2]. - Independent directors are obligated to maintain confidentiality regarding the annual report's content until its official release, preventing insider trading and other violations [2][3]. Group 2: Interaction with Management and Auditors - The management must cooperate with independent directors to provide timely, accurate, and complete information regarding the company's operations and financial status [2]. - Independent directors are to meet with the external auditors after the preliminary audit opinion is issued to understand any issues discovered during the audit process [2][3]. - If independent directors find meeting materials incomplete or insufficient, they can request a postponement of the meeting or the review of the matter [3]. Group 3: Reporting and Accountability - Independent directors must submit an annual performance report to the company's annual shareholders' meeting, detailing their attendance, participation in committees, and communication with minority shareholders [3][4]. - They are required to sign a written confirmation regarding the authenticity, accuracy, and completeness of the annual report, and if there are disagreements, they must provide reasons and disclose their opinions [4]. - Independent directors have the authority to independently hire external audit and consulting firms for specific matters if there are disagreements, with the associated costs borne by the company [4].