Group 1 - The pharmaceutical and biotechnology sector has experienced a strong rebound in 2023 after undergoing significant adjustments in previous years, driven by structural market trends [1] - Short-term impacts from ongoing medical anti-corruption efforts are stabilizing, with companies adapting well and maintaining steady operational performance [1] - By 2025, commercial insurance is expected to reach a new level, benefiting the innovative drug and device industries [1] Group 2 - Key investment focuses include: 1) Innovative drugs with true clinical value and potential for First-in-Class (FIC) and Best-in-Class (BIC) recognition, particularly from biotech companies acknowledged by multinational corporations [2] - AI in healthcare is anticipated to see strong market demand growth as the cost of deploying AI models decreases, allowing for more efficient and economical implementations [2] - The innovative drug supply chain, including CXO and life sciences services, is expected to experience a recovery in order growth as global investment and financing amounts increase [2] - Medical devices and equipment are set to benefit from a recovery in bidding data and ongoing fiscal support, with a focus on domestic alternatives and high-end manufacturing for international markets [2]

Core Viewpoint - The event "Stabilizing Enterprises and Securing Agriculture - Shenyin Wanguo Futures Service for Agricultural Power (Fuxian)" aims to enhance the role of "insurance + futures" in supporting agriculture, injecting new momentum into local agricultural development [1][2]. Group 1: Event Overview - The event was organized by Zhengzhou Commodity Exchange, local government, and industry associations, with participation from various agricultural institutions [1]. - Nearly 80 representatives, including local government officials and farmers, attended the event to discuss the integration of financial tools in agriculture [1]. Group 2: Importance of "Insurance + Futures" - Fuxian County has been involved in the "insurance + futures" project since 2019, which has provided farmers with financial security through minimal premium payments [2]. - The project aims to manage apple price risks and convert policy benefits into tangible income for farmers, addressing the critical issue of price volatility affecting farmer income [1][2]. Group 3: Collaboration and Future Plans - Shenyin Wanguo Futures has established itself as a key financial partner in the development of Fuxian's apple industry, creating a "risk-sharing, multi-win" mechanism [3]. - Future plans include expanding the project to cover more economic crops and exploring additional financial models such as "insurance + futures + credit" and "insurance + futures + digital agriculture" [3]. - The successful implementation of this project is intended to serve as a national benchmark for "insurance + futures" initiatives, providing a replicable model for other agricultural regions [3].

Core Viewpoint - The emergence of new agricultural entities such as professional cooperatives, family farms, and agricultural enterprises is crucial for the development of the "three rural issues" in the context of rural revitalization. Agricultural insurance plays a vital role in providing economic compensation and stabilizing the agricultural sector by addressing the diverse needs of these new entities [1]. Group 1: Agricultural Insurance as a Risk Management Tool - Agricultural insurance serves as an important "firewall" against risks posed by natural disasters like typhoons and heavy rains, providing economic compensation to new agricultural entities during crises [2]. - Local governments are actively implementing premium subsidy pilot programs for agricultural insurance to alleviate the financial burden on agricultural enterprises, cooperatives, and family farms [2]. Group 2: Innovative Agricultural Insurance Models - Various regions are exploring "Agricultural Insurance+" models to integrate insurance with credit and guarantee services, enhancing the overall risk management framework for agricultural entities [3]. - Policies encouraging agricultural insurance institutions to connect with financing platforms and utilize insurance data for credit enhancement are being developed, supporting new agricultural entities in obtaining credit loans [3]. Group 3: Challenges and Opportunities in Agricultural Insurance - There is a need to improve the alignment between insurance supply and the diverse demands of new agricultural entities, as current offerings primarily focus on traditional cost coverage [4]. - The lack of collaboration across departments and the fragmentation of data hinder the effective design and management of insurance products tailored to the needs of new agricultural entities [4]. - The development of specialized insurance products for agricultural machinery and services is recommended to address the unique risks faced by these entities [5].

期货日报网讯（记者 刘威魁）作为服务实体经济的风险"压舱石"与资源配置"导航仪"，期货行业正积 极发挥市场功能作用，持续为赋能科技创新、助力乡村全面振兴、构建现代化产业体系注入金融新动 能。为充分展现广东辖区期货服务实体经济成效，深化产融对接合作，6月27日，在第十四届中国（广 州）国际金融交易·博览会（简称"金交会"）活动期间，由广州金交会组委会主办，广州绿色金融协 会、期货日报支持的"凝聚合理，金融强农"专题活动在广州期货集聚展区举行。 随后，华泰期货机构业务总监王璐以"'保险+期货'护航区域发展"为主题，深入分析了广东养殖业面临 的市场风险，并提出了金融解决方案。华泰期货以2023年广东肇庆某养殖场的案例展示了期货市场如何 保障生猪企业稳产保供，该养殖场通过参与大商所生猪"保险+期货"项目，为2800吨生猪投保，保费200 万元（财政及交易所补贴70%）。在生猪价格下跌行情下，保险赔付有效弥补了养殖户130元/头的现货 价格损失，切实保障了农户收益。王璐表示，华泰期货将持续发挥国企担当，通过期货工具助力农业应 对价格风险，并以"保险+期货"模式服务乡村振兴，为农业农村现代化注入新动能，推动金融与实体经 ...

获批数月后，第二批保险资金长期投资试点项目，正式开启投资。 泰康稳行完成首笔投资交易 6月27日，泰康资产旗下私募证券投资基金管理公司泰康稳行（武汉）私募基金管理有限公司（简称"泰康稳 行"）完成首笔投资交易。 三大方向：高股息、产业升级、逆周期买入 对于投资思路，泰康稳行有关负责人表示，将以基本面分析为出发点，追求基金资产的中长期稳健增值，最终 服务于经济高质量发展与资本市场稳健运行。 具体而言，首先，以高股息资产为基石，重点布局经营稳健、弱周期属性、分红稳定的板块；其次，锚定产业 升级红利，侧重围绕国家发展战略，重点布局高端制造、人工智能、生物医药等新质生产力领域，有效支持实 体经济发展；再者，逆周期战略买入，实现风险收益平衡，践行长期投资、价值投资理念。 备案信息显示，泰康稳行的主要团队成员都来自泰康资产。其中，泰康稳行法定代表人、执行董事王琦，为泰 康资产权益投资部股票投资执行总监；泰康稳行总经理刘志强为泰康资产权益投资部、第三方投资部的投资经 理；泰康稳行合规风控负责人张素芊来自泰康资产合规法律部。 第二批、第三批陆续落地 自2023年11月底中国人寿和新华保险官宣成立500亿元的鸿鹄志远（上海）私 ...

Core Viewpoint - The approval of the "Insurance + Futures" project for natural rubber in Jinping County marks a significant step for CITIC Futures in supporting rural revitalization and stabilizing farmers' incomes through effective risk management tools [1][2][3]. Group 1: Project Overview - The project, jointly submitted by CITIC Futures and China Pacific Property Insurance, has been approved by the Shanghai Futures Exchange with a project scale of 2,000 tons [1]. - The initiative aims to combine insurance and futures to provide rubber farmers with a risk management tool, transferring price volatility risks to the futures market [2]. Group 2: Regional Context - Jinping County, located in Yunnan Province, is characterized as a poverty-stricken area with significant challenges, including a history of deep poverty and reliance on natural rubber as a key economic driver [1]. - The county has over 400,000 acres of rubber plantation, and fluctuations in rubber prices have posed risks to the income stability of local farmers [1]. Group 3: Collaboration and Implementation - CITIC Futures and China Pacific Property Insurance will collaborate closely, leveraging their respective expertise in market analysis and risk management to ensure effective project implementation [2]. - The project aims to enhance farmers' confidence in the rubber industry and provide comprehensive risk protection services [2]. Group 4: Commitment to Social Responsibility - CITIC Futures is committed to deepening its cooperation with China Pacific Property Insurance and exploring innovative "Insurance + Futures" models to support rural development [2][3]. - The project reflects CITIC Futures' dedication to fulfilling its social responsibility and contributing to the stability of the Yunnan rubber industry [3].

智通财经APP获悉，招商证券发布研报称，2025年上半年保险行业呈现负债端转型成效显著、资产端配 置优化的特点。资产端债券配置占比达50.4%历史新高，权益投资净增3893亿元。展望下半年，寿险负 债成本有序压降，财险马太效应持续强化。该行预计后续保险行业将继续加大价值型和科技成长型权益 投资的配置，不仅能为市场带来直接增量资金，也有望提升自身长期回报水平。 招商证券主要观点如下： 回顾上半年，保险板块在震荡市中彰显韧性，在上涨行情中展现强大的进攻性 1-4月保险股价走势略弱于大盘，5月中旬A股与港股保险板块联袂上涨，尤其港股内险股因低估值和外 资流入、人民币资产重估等表现更加突出。截止6月25日A股保险指数累计上涨14.5%，跑赢大盘8.5个 百分点。但公募基金对保险股持仓仍处于低位，一季度末保险板块持仓占比仅为0.91%，较标配1.99% 仍有显著差距，个股则不同程度欠配。 负债端寿险转型成效斐然，产险量增质优 1)得益于监管政策引导、市场环境变化等，今年以来行业分红险产品转型取得显著成果，1-2月中国太 平个险渠道分红险占比达98.9%。各公司代理人规模总体保持稳定，绩优队伍建设成效显现;银保渠 道"报 ...

Core Viewpoint - The event highlighted the collaboration between various financial institutions and the futures market to promote green finance and support the real economy, showcasing the positive developments in the Guangzhou futures market [1][3][4] Group 1: Event Overview - The 14th China (Guangzhou) International Financial Trading Expo featured activities such as "2025 Futures Supporting Green Finance Development" and "2025 Futures Serving the Real Economy - Industry Exchange Conference" to promote the innovative achievements of the futures market [1] - A special exhibition area for the Guangzhou futures industry was established, featuring 14 futures companies to enhance brand visibility and industry awareness [1][3] Group 2: Financial Innovation and Collaboration - The event served as a platform for showcasing financial tools that support national strategies like food security and rural revitalization, emphasizing the role of futures and insurance in these areas [2] - The collaboration among institutions like the Guangzhou Carbon Emission Rights Trading Center and various futures companies aimed to explore topics such as low-carbon transformation and the optimization of the "insurance + futures" model [1][2] Group 3: Market Engagement and Education - The Futures Daily showcased a unique publication featuring interviews with outstanding participants from its trading competition over the past 15 years, aimed at educating small and medium investors about the futures market [2] - The event included a series of themed activities focusing on the role of the futures market in green finance and how retail investors can rationally participate in the securities and futures markets [3] Group 4: Future Prospects - The event underscored the growing collaboration between finance and industry, with expectations for the Guangdong futures market to expand further as the Guangdong-Hong Kong-Macao Greater Bay Area develops [4] - Futures Daily plans to continue leveraging its media advantages to enhance reporting and create a favorable environment for the futures market's development [4]

Core Insights - The company is committed to leveraging insurance services to support the high-quality development of Shenzhen, aligning with national strategies and local economic goals [1][4][6] Group 1: Innovation in Insurance Products - The company launched four innovative weather-related insurance products, including "Low Altitude Weather Insurance" and "Infrastructure Weather Insurance," to address meteorological risks in emerging industries [2][3] - The company introduced the first "Calculation Chain Insurance" in the country, providing risk coverage for a well-known data enterprise, enhancing competitiveness in the digital economy [2] - In the smart automotive sector, the company is collaborating with academic institutions to develop insurance solutions for new energy vehicles and intelligent driving technologies [3] Group 2: Comprehensive Risk Management Solutions - The company has developed a comprehensive insurance system covering the entire innovation chain, including a trial insurance product for a pharmaceutical company, providing over one million yuan in risk coverage [4] - The company has initiated a data intellectual property insurance product to protect against infringement losses, supporting enterprises in global competition [4] - A new data asset insurance product was launched to assist a smart elderly care technology company in realizing the value of its data assets [5] Group 3: Green Finance and Social Governance - The company has received multiple awards for its contributions to green finance and continues to innovate in the renewable energy sector, focusing on risk management for energy storage and offshore wind power [6] - The company has implemented a governance model for small construction projects, providing over 120 billion yuan in risk coverage to enhance social safety levels [7] - The company is actively participating in cross-border financial innovation and technology finance development, aiming to contribute to the high-quality development of the region [7]

据贵州榕江县人民政府防汛抗旱指挥部消息，6月28日强降雨天气过程已结束，经调度，全县江河湖库汛情平稳。根据《榕江县防汛抗旱应急预案》有关 规定，县防汛抗旱指挥部决定于6月29日10时00分终止防汛Ⅰ级应急响应，转入常态化防汛工作。 近期，贵州榕江县遭遇特大洪水，为全力做好灾害应对，6月25日，贵州金融监管局指导属地分支局迅速成立应急处置工作专班，全力做好暴雨洪涝灾害 应对工作，督促市县银行保险机构防汛救灾和金融服务双管齐下、统筹推进。 《金融时报》记者了解到，人保财险、平安产险、中国人寿（601628）财险等保险公司第一时间启动重大突发事件应急预案，加强应急资源调度，开通绿 色理赔通道，优化报案流程和理赔手续，全力保障人民群众生命财产安全，助力灾后重建。 截至6月27日8时，人保财险当地分公司接到榕江县洪涝灾害相关报案1000余笔，已完成首批农房险赔付近20万元，向某超市预付赔款200万元； 截至6月28日17时，中国人寿财险累计接报案1000余笔； 截至6月25日15时，阳光财险接到相关报案74笔，预估损失552万元…… 快速集结驰援榕江 记者从人保财险了解到，洪水退去后，榕江县网络信号中断、停水停电，城区 ...