随着中国金融开放政策的持续深化，人民币国际化进程正迎来新的发展机遇。 从贸易结算到投融资深化 人民币国际化进程正从贸易结算向投融资领域纵深发展。吴雅思告诉券商中国记者，过去三年间，人民币在国 际贸易结算与支付中的交易规模已经翻了一倍，而在东盟、中东、非洲等共建"一带一路"市场，人民币的应用 场景不断拓展。 据渣打方面观察，在贸易融资方面，境外企业用人民币作为贸易融资货币的意愿已经有所提升。例如，在东南 亚的马来西亚、印尼等地，中资企业在海外建厂项目早已用人民币进行贸易融资，且近年来使用规模不断扩 大。 近日，渣打银行董事总经理、中国开放及人民币国际化团队主管吴雅思和 渣打银行（中国）有限公司交易银 行部总经理张荧 联手接受了媒体采访，围绕人民币国际化进展等议题，分享了专业见解与实践经验。 作为全球大型国际银行，渣打银行凭借其广泛的跨境网络与深厚的本地化服务能力，成为人民币国际化进程中 的重要参与者。 金融开放全域推进 中国金融开放政策近年来持续加码，自贸区改革、跨境互联互通机制等举措为人民币国际化提供了重要支撑。 张荧表示，渣打银行一直以来是中国金融开放积极的参与者，同时也是一个受益者，"我们在新政策之下也推 ...

Core Viewpoint - Honor has taken a significant step towards its IPO in the A-share market, which could enhance the innovation vitality of the technology sector in the A-share market and potentially reshape the AI segment in the capital market [1][2]. Group 1: IPO Progress - On June 26, Honor Terminal Co., Ltd. received listing guidance registration from the China Securities Regulatory Commission, marking the beginning of its listing journey [1]. - The company aims to complete its shareholding reform by the end of 2024 and has engaged various professionals, including brokers, law firms, and accountants, to facilitate the IPO process [3]. Group 2: AI Strategy and Market Position - Honor is accelerating its transformation towards AI with its "Alpha Strategy," which includes the upcoming launch of the AI foldable flagship phone, Honor Magic V5, scheduled for July 2 [2]. - The company is expanding its AI foundational research and building an open ecosystem that extends into cutting-edge fields such as robotics [2]. - Honor's sales and service president expressed the goal of returning to the top three in the domestic market by the end of this year [3].

Core Viewpoint - The National Development and Reform Commission emphasizes the need for comprehensive deepening of reform and opening up, focusing on the implementation of economic system reform tasks and the construction of a unified national market [1] Group 1: Economic Reforms - The commission aims to promote high-quality development of investment attraction by cleaning up market access barriers and advancing bidding reforms [1] - There is a commitment to deepen the reform of state-owned enterprises and optimize the layout and structure of the state-owned economy [1] Group 2: Market Environment - The goal is to create a market-oriented, law-based, and international first-class business environment [1] - The implementation of the Private Economy Promotion Law is seen as a catalyst for ensuring the effective execution of various support measures [1] Group 3: International Cooperation - The commission plans to expand high-level opening up and improve the quality of the Belt and Road Initiative [1] - New measures for opening up in sectors such as telecommunications, education, culture, healthcare, and finance are to be researched and introduced [1] - Policies encouraging foreign investment enterprises to reinvest domestically will be formulated, along with a steady and orderly advancement of overseas investment cooperation [1]

Group 1 - The core viewpoint emphasizes that education, technology, and talent are foundational and strategic supports for building a modern socialist country, with a focus on prioritizing education and accelerating the construction of a strong education system [1] - The digitalization of education is identified as a key driver for modernizing education, with a call to implement the national education digitalization strategy to enhance digital capabilities and promote innovative educational methods [1][2] - There is a strong emphasis on cultivating students' digital skills to meet the demands of the modern economy and society, ensuring that they can effectively utilize digital technologies in their learning and research [2] Group 2 - The article advocates for the promotion of data openness and sharing to enhance educational equity, suggesting the establishment of digital education platforms to connect quality educational resources and improve resource utilization [3] - It highlights the importance of strengthening digital infrastructure investment in urban and rural areas to facilitate the free flow of educational data and resources, aiming to create a learning society where education is accessible to all [3] - The integration of artificial intelligence in education is presented as a strategic opportunity to innovate educational methods and improve the quality of education, with a focus on developing intelligent educational infrastructure [4] Group 3 - The article stresses the need for a balanced approach to digitalization and artificial intelligence in education, ensuring that these advancements meet the actual needs of different regions and enhance the satisfaction of students and parents [4]

◎新华社天津6月26日电 海河之滨，津门古韵。 6月24日至26日，世界经济论坛第十六届新领军者年会（"夏季达沃斯论坛"）在天津举行。世界目光再 次聚焦中国。 作为洞察全球经济脉动和产业变革浪潮的重要窗口，本届论坛主题为"新时代企业家精神"，吸引了来自 90多个国家和地区的1700余名嘉宾参会，聚焦前沿领域、新兴热点，探寻世界经济未来成长和合作共赢 之道，传递出创新、开放、合作的时代强音。 携手共进应对全球化挑战 25日上午，国家会展中心（天津）三层全会厅座无虚席，2025夏季达沃斯论坛开幕式在此举行。 "国际社会目前面临诸多挑战，从人工智能治理到产业链韧性，从绿色转型到技能革命，只凭一国之力 无法独立解决。"世界经济论坛总裁博尔格·布伦德在致辞中，呼吁各国超越竞争与分裂，携手共创更美 好未来。 单边主义、保护主义盛行，地缘政治紧张局势加剧，世界经济面临的不确定性、不稳定性显著上升…… 全球发展又一次走到关键十字路口。 未来国际经贸形势将如何演变？各国应当如何加强合作、应对挑战，促进共同发展和繁荣？大国应该发 挥怎样的作用？这些都成为本届论坛与会嘉宾热议的话题。 "在全球经贸环境不确定性加剧背景下，今年的论坛 ...

大摩周期会议：金融、快递、汽车行业更新，宁德时代重新覆盖 20250625 摘要 中国金融监管已从严监管转向促发展阶段，人民币国际化和金融开放将 对金融体系产生积极影响，例如取消 5 万美元从内地回香港的审查，增 加香港流动性，稳定币政策支持香港试点地位。 金融防风险告一段落，贷款、存款及其他金融资产利率理性化，减少过 度低利率对市场的不利影响，利好金融和保险板块，但长期投资收益率 仍需关注，利率企稳和市场化定价将产生正面反馈。 资本市场鼓励消费企业上市，简化注册流程，香港 IPO 市场显著改善， 国内可能回归鼓励资本市场发展的新常态，消费金融领域合理定价有助 于解决过度追求低利率导致的发展放缓问题，金融资产收益水平逐渐筑 底。 看好金融板块，尤其是保险板块和港交所，奇富科技（QFIN）受益于消 费金融发展的支持，合理定价将打消投资者对监管及定价担忧，贸易战 缓和有望恢复贷款增速。 三花智控 2025 年收入增速预计达到 15%，受益于家电以旧换新补贴及 出口提单，但 2026 年增速将放缓至低个位数，长期来看，全球电动车 渗透率上升仍能实现 10%到 20%的收入增速。 随着金融防风险告一段落，大风险可控情 ...

加拿大G7峰会期间，特朗普与冯德莱恩的双边会晤并没有给双边关系带来预想中的缓和，会后特朗普不仅批评欧盟，还要求欧盟"二选一"。虽然美国暂时 收回了对欧盟汽车加征50%关税，并将谈判的最后期限推到了7月9日，但欧盟内部对于美欧谈判并不看好。 伴随着欧美贸易争端的持续发酵，6月24日，欧盟公布了针对美国的价值1160亿欧元反制清单，而在美欧双方剑拔弩张之际，中方发出了截然不同的声音。 早在5月8日，欧盟就已经公布了一份价值950亿欧元对美关税反制清单，囊括了从美国威士忌、坚果巧克力到飞机零件、汽车部件的众多商品，几乎覆盖了 美国经济的敏感神经。 当时欧盟列出这项清单，就是想以此作为与美国的谈判筹码，让特朗普主动取消的不合理关税。 4月初，特朗普突然宣布将对欧盟商品征收20%的"对等关税"，几天后又宣布暂缓90天执行，但仍保留10%的"基准关税"，5月底特朗普又在社交媒体上威胁 将税率提高到50%，并抛出"欧盟一直在占美国便宜"的争议性言论。 经过几轮极限施压与反复拉扯，双方最终将谈判截止日期定在7月9日，即90天缓冲期的最后时刻，就目前的情况来看，美方似乎执意要将10%的关税作为谈 判底线，而欧盟对此也心知肚明。 ...

Group 1: Service Trade and Economic Policies - Shenzhen is set to gradually relax or eliminate restrictions on service trade under cross-border delivery and overseas consumption models, aiming to enhance the quality of service consumption and expand the openness of the service industry [1] - The Ministry of Finance plans to implement more proactive fiscal policies and introduce incremental reserve policies in response to changing circumstances, focusing on stabilizing employment, enterprises, markets, and expectations to support economic development and social stability [3] Group 2: Financial Operations and Market Liquidity - The People's Bank of China conducted a 300 billion yuan MLF operation to maintain ample liquidity in the banking system, resulting in a net injection of 118 billion yuan for June, marking the fourth consecutive month of increased liquidity [2] Group 3: Industry Developments and Trends - CITIC Securities reports that the price of DDR4 memory has exceeded expectations, with a forecast for continued price increases into Q3 2025, indicating a potential turning point for profitability among storage module manufacturers [5] - The Yangtze River Delta region's foreign trade has surpassed 100 trillion yuan, demonstrating strong resilience and vitality, with a 5.2% year-on-year increase in imports and exports in the first five months of the year [6] - The telecommunications sector reported a total revenue of 748.8 billion yuan in the first five months, reflecting a 1.4% year-on-year growth [7] Group 4: Technological Advancements and Standards - China is leading the development of the world's first international standard system for quantum-resistant network security protocols in the data communication field, with ongoing efforts to establish guidelines and frameworks for secure communication [9] Group 5: Marine Economy Initiatives - Shanghai is planning to introduce the "Shanghai Marine Economy Promotion Regulations" and explore the establishment of a marine industry development group to enhance financial support and optimize the development of the marine industry [10] - The city aims to promote the development of marine intelligent robots and create a product matrix for marine intelligent equipment, focusing on advanced underwater and surface robotic systems [11]

国家基本公共卫生服务项目由国家免费向居民提供，于2009年启动，经费人均财政补助标准从2010年的 15元起步，基本延续了每年递增5元的"惯性"，服务内容始终贯彻"预防为主"的宗旨。 根据通知，今年的新增经费用于进一步优化服务内容，提升服务频次，保障服务质量，增强群众感受 度。聚焦"一老一小"和高血压、2型糖尿病、慢性阻塞性肺疾病等慢性病患者，结合"儿科和精神卫生服 务年""体重管理年"等重点工作，做好基本公共卫生服务相关健康服务。 "老年人免费体检"是国家基本公共卫生服务中的一项重要内容。随着我国人口老龄化加剧和居民生活方 式改变，近年来，我国老年神经退行性疾病、糖尿病、慢性呼吸系统疾病等疾病患病率明显上升。 今年年初，国家卫健委等15部门印发的《应对老年期痴呆国家行动计划（2024—2030年）》提出，推进 65岁及以上老年人认知功能初筛。根据通知，切实做好视力听力粗测判断，继续开展认知功能初筛。 推进65岁及以上老年人认知功能初筛。 为更好防范老年慢病"潜伏危机"，今年起，面向65岁及以上老年人免费健康体检服务中，将新增纳入糖 化血红蛋白检测等内容，并将继续开展老人认知功能初筛工作。 26日，国家卫健委 ...

Market Overview - A total of 63 stocks hit the daily limit up, with 21 stocks on consecutive limit up boards, and 23 stocks failed to close at the limit, resulting in a closing rate of 73% (excluding ST and delisted stocks) [1] - Focus stocks include Xingye Co. and Nord Co., which experienced significant declines in the afternoon, while the market's consecutive limit up height has dropped to 5 consecutive boards for Xintonglian [1] Key Stocks - Changcheng Military Industry achieved 6 consecutive limit ups over 7 days with a price increase of 9.99% [4] - Wanlima recorded 3 consecutive limit ups over 4 days with a price increase of 20.05% [4] - Hunan Tianyan also saw 3 consecutive limit ups over 4 days with a price increase of 9.97% [4] - Other notable stocks include Beifang Navigation and Jianshe Industrial, both achieving 2 consecutive limit ups with price increases of 10.01% and 10.00% respectively [4] Solid-State Battery Sector - The solid-state battery company QuantumScape saw a 30.95% increase in its stock price after announcing breakthroughs in its next-generation solid-state lithium-metal battery technology [6] - Tianji Co. and Dadongnan both achieved 3 consecutive limit ups with a price increase of 10.00% [7] - Other stocks in the solid-state battery sector include Cangzhou Mingzhu and Fosu Technology, both achieving limit ups [7] Digital Currency Sector - Guotai Junan International has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities license to provide comprehensive virtual asset trading services, becoming the first Chinese broker in Hong Kong to obtain such qualifications [10] - Jida Zhengyuan achieved 4 consecutive limit ups with a price increase of 10.01% [11] - Other stocks in the digital currency sector include Jingbeifang and Geer Software, both achieving limit ups [13] Marine Economy - Shenzhen aims to achieve a marine industrial added value of 215 billion yuan by the end of the 14th Five-Year Plan, with an average annual growth rate exceeding 12% [14] - Guorui Technology and Youfu Co. both achieved limit ups, driven by developments in marine technology [15] Financial Sector - The People's Bank of China and six other departments issued guidelines to enhance the capital market's functions, promoting the entry of medium- and long-term funds to stabilize market development [16] - Guosheng Financial Holdings and Yinbujiecai both achieved consecutive limit ups, reflecting positive sentiment in the financial sector [17] Tourism Sector - Hong Kong tourism stocks surged, with Hong Kong Zhonglv's stock price soaring over 100% and Haichang Ocean Park rising over 25% [19] - Tianmuhu and Nanjing Shanglv both achieved limit ups, benefiting from the tourism sector's recovery [19] Chip Industry - According to DRAMeXchange data, the spot price of DDR4 16Gb (1Gx16) 3200 increased by 1.63%, with an average price of $12.3, doubling within a quarter [20] - Haoshanghao and Chengbang Co. both achieved limit ups, reflecting the positive trend in the chip industry [21] Oil and Gas Services - The oil and gas sector remains active, with stocks like Zhun Oil Co. achieving 7 consecutive limit ups over 10 days with a price increase of 10.04% [23] Financial Technology - The People's Bank of China plans to develop a new stage financial technology development plan to promote the digital and intelligent transformation of finance [24] - Tianli Technology and Guoyuan Technology both achieved limit ups, indicating growth in the financial technology sector [25] AI Glasses - Xiaomi announced the launch of its new AI glasses, with over 16,000 reservations made on JD.com [26] - Zhongguangxue and Tonghui Information both achieved limit ups, driven by the AI glasses trend [27] Other Notable Stocks - Zhejiang Dongri achieved 6 consecutive limit ups over 8 days with a price increase of 10.00% [32] - New Tonglian and Wanlima also recorded consecutive limit ups, reflecting strong market interest [32]