Group 1 - The core viewpoint emphasizes the importance of practical implementation and the need for a clear focus on ten key tasks to achieve the goals set by the provincial government [1][2] - The province of Henan has achieved significant economic growth, with a GDP of 14,945.58 billion yuan in the first quarter, representing a year-on-year increase of 5.9%, surpassing the national average by 0.5 percentage points [2] - Henan's agricultural output has consistently exceeded 1,300 billion jin for eight consecutive years, contributing over 600 billion jin of raw grain and processed products annually, thus playing a crucial role in national food security [2] Group 2 - The province aims to transform from a "transport hub" to an "economic hub," leveraging its unique geographical advantages to integrate into the national unified market [2] - The next five years are seen as a critical phase for Henan's development, focusing on "two highs and four efforts," indicating substantial growth potential and opportunities for entrepreneurship [2] - The ten key tasks for the current and future periods include promoting integration into the national market, advancing education and talent development, upgrading industries, revitalizing rural areas, and enhancing ecological protection [2]

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 construction of a unified national market is a key measure to promote high-quality economic development in China, with Henan playing a significant role due to its central location and rich resources [1] - The futures market serves as a powerful "booster" for Henan to integrate into the national unified market, providing precise guidance for industries through its price discovery function [1] - Futures prices help local farmers in Henan optimize their planting decisions and provide pricing benchmarks for agricultural processing enterprises, enhancing the competitiveness of Henan's agricultural products in the national market [1] Group 2 - Risk management is a core function of the futures market, allowing enterprises to hedge against price volatility and secure costs and profits [2] - The futures market's resource allocation function facilitates the orderly flow of production factors across the country, with a growing variety of futures products covering multiple sectors [2] - The correlation between futures and spot prices exceeds 90% for many products, indicating the maturity of the price formation mechanism and its influence on resource distribution [2] Group 3 - The development of the futures delivery network has optimized logistics and warehousing infrastructure in Henan, enhancing resource utilization efficiency [3] - The establishment of delivery warehouses by Zhengzhou Commodity Exchange has stimulated the growth of the logistics industry in Henan and improved logistics connections with other regions [3]

2025 年 6 月 26 日 股指期货将偏强震荡 白银、镍、锡、工业硅、碳酸锂、 焦煤期货将偏强震荡 原油、燃料油、豆粕期货将偏弱震荡 陶金峰 期货投资咨询从业资格号：Z0000372 邮箱：taojinfeng@gtht.com 【正文】 【声明】 本报告的观点和信息仅供风险承受能力合适的投资者参考。本报告难以设置访问权限，若给您造成不 便，敬请谅解。若您并非风险承受能力合适的投资者，请勿阅读、订阅或接收任何相关信息。本报告不构 成具体业务或产品的推介，亦不应被视为相应金融衍生品的投资建议。请您根据自身的风险承受能力自行 作出投资决定并自主承担投资风险，不应凭借本内容进行具体操作。 【期货行情前瞻要点】 通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期今日期货主力合约行情走势大概率如 下： 股指期货将偏强震荡：IF2509 阻力位 3944 和 3964 点，支撑位 3910 和 3890 点；IH2509 阻力位 2735 和 2750 点，支撑位 2719 和 2707 点；IC2509 阻力位 5838 和 5888 点，支撑位 5740 和 5690 点；IM2509 阻力位 62 ...

Group 1 - The core message of Xi Jinping's speech during his visit to Henan emphasizes the importance of accelerating modernization efforts, serving as a guiding principle for development in Luoyang [1] - Luoyang aims to seize significant opportunities presented by the new technological revolution and industrial transformation, focusing on technology innovation to lead industrial upgrades and enhance high-tech enterprises [1] - The city plans to actively integrate into the national unified market, improving resource integration and collaboration, thereby enhancing its development potential [1] Group 2 - Luoyang recognizes the importance of high-quality development, which emphasizes innovation capability, cultural value, and ecological quality, presenting new opportunities for economic growth [2] - The city intends to leverage its strengths by focusing on innovation platform construction, talent cultivation, and capital operation to enhance its technological innovation capabilities [2] - Efforts will also be made to protect historical and cultural heritage while developing a world-class cultural tourism city, alongside promoting green transformation for sustainable development [2]

FICC日报 | 2025-06-26 金融科技板块活跃，指数继续走高 市场分析 金融促消费政策出台。国内方面，国务院副总理何立峰在河北调研时指出，要加快构建全国统一大市场，积极扩 大内需提振消费，加快构建房地产发展新模式。持续推动高端装备制造、智能光伏、清洁能源、新材料等企业创 新发展，并综合整治内卷式竞争。海外方面，第二场听证会上，鲍威尔重申，美联储并不急于行动，高关税带来 很大的不确定性，因此需要观望，同时提到了可能推动降息的一些因素。 指数继续走高。现货市场，A股三大指数延续反弹，上证指数涨1.04%收于3455.97点，创业板指涨3.11%。行业方 面，板块指数涨多跌少，非银金融、国防军工、计算机、电力设备行业涨幅居前，仅煤炭、石油石化、交通运输 行业收跌。当日沪深两市成交金额继续上升至1.6万亿元。国泰君安国际获香港证监会批准，将现有证券交易牌照 升级为可提供虚拟资产交易服务并提供意见，带动金融科技板块上涨。海外市场，美国三大股指收盘涨跌不一， 道指跌0.25%，标普500指数持平，纳指涨0.31%，录得三连涨。 期指增仓。期货市场，基差方面，期指基差快速修复，尤其是IC、IM收窄幅度较大。成交持 ...

宏源期货煤焦日报 | | | | | | | | | | | | 2025/6/26 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 焦炭盘面 | | | | | 焦煤盘面 | | | | 基美 | | | | 昨日 | | 前日 | 涨跌 | | 昨日 | ■日 | 涨跌 | | 昨日 | ■日 | 涨跌 | | 12601 | 1428.0 | 566ET | 28.5 | JM2601 | 847.5 | 827.5 | 20.0 | J01基差 | -174.4 | -145.9 | -585- | | J2605 | 1458.5 | 1418.0 | 40.5 | JM2605 | 872.5 | 8558 | 200 | 105基差 | -204.9 | -164.4 | -40.5 | | 12509 | 1387.5 | 1351.5 | 098 | 80952WIE | 804.5 | 784.0 | 20.5 | 100 查会 | -133.9 | -97.9 | -36.0 | ...

盘前要闻 1、AI之后英伟达最大机遇！黄仁勋力捧机器人技术，英伟达股价历史新高 类型：公司 情绪影响：正面 在英伟达年度股东大会上，黄仁勋表示，继人工智能之后，机器人技术是英伟达另一大具有增长潜力的 市场，他重申计算机行业大规模的AI基础设施升级才刚刚开始；隔夜英伟达股价高开高走，最终收涨 4.33%，创下历史新高。 2、何立峰：加快构建全国统一大市场，积极扩大内需提振消费 类型：宏观 情绪影响：正面 国务院副总理何立峰23日至24日在河北调研时指出，要加快构建全国统一大市场，积极扩大内需提振消 费，加快构建房地产发展新模式，因地制宜发展新质生产力，更好推动经济高质量发展。 3、深圳：稳步放宽或取消跨境交付、境外消费等模式下服务贸易限制措施 类型：宏观 情绪影响：正面 美联储主席鲍威尔重申不急于降息，强调高关税带来很大的不确定性，指出美国经济很强劲，在不确定 形势下有理由缓慢行动；不过鲍威尔告诉议员，未来的贸易协议可能会允许美联储考虑降息。 投资日历 国家发改委6月份新闻发布会 投资锦囊 投资锦囊：价值投资策略应该只应用于长期心态，你当前的生活方式不应过分依赖于股市的表现。 深圳印发促进服务消费高质量发展的若 ...

近日，深圳市商务局印发了《深圳市关于促进服务消费高质量发展的若干措施》。其中提出，深化服务业扩大对外开放。支持生物技术和外商独资医院等医 疗领域扩大开放试点。稳步放宽或取消跨境交付、境外消费和自然人移动等模式下服务贸易限制措施。持续深化电信、教育、养老、医疗、健康等服务业放 宽市场准入。积极参创国家服务贸易创新发展示范区。（新华财经） 国泰海通集团下属公司国泰君安国际控股有限公司正式获香港证监会批准，将现有证券交易牌照升级为可提供虚拟资产交易服务，以及在提供虚拟资产交易 服务的基础上提供意见。此次牌照升级后，客户将可在国泰君安国际平台直接交易加密货币（如比特币、以太币等）、稳定币（如泰达币等）等虚拟资产。 25日当天国泰君安国际涨198.39%，成交超163亿港元。（新华财经） 李强：期待各国企业为中国市场提供更多优质产品和服务中国将一如既往欢迎各国企业来华投资兴业 人民银行6月25日开展3000亿元MLF操作连续4个月加量续作 6月中期流动性净投放总额已达3180亿元 特朗普：会在三四个人之内选出下一任美联储主席美国与伊朗下周将举行会谈并可能签署一项协议 国务院总理李强6月25日下午在天津出席2025年夏季 ...

Economic Outlook - The mid-year performance is expected to show slight improvement, but challenges remain due to geopolitical disturbances and high year-on-year comparison pressures [1] - There is potential for domestic consumption to grow, but investors are more focused on the details of implementation [1] - The liquidity environment is expected to remain moderately loose, making significant index adjustments unlikely [1] Stock Market Performance - The U.S. stock market showed mixed results, with the Dow Jones down 0.25% and the Nasdaq up 0.31%, marking a three-day winning streak for the Nasdaq [4] - Nvidia's stock rose by 4.3%, reaching a market capitalization of $3.75 trillion, with a target price increase from Loop Capital to $250 [4] - Tesla's stock fell by 3.8%, with a reported 28% year-on-year decline in new car sales in Europe for May [4] Company Announcements - Changchuan Technology expects a net profit increase of 67.54% to 95.46% year-on-year for the first half of 2025, driven by strong demand in the integrated circuit industry [7] - ST Huamei's controlling shareholder will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission, with stock resuming trading on June 26, 2025 [8][9] - Nord Shares clarified that revenue from its copper foil business related to solid-state batteries is less than 1% of total revenue, indicating limited impact on overall performance [10] Industry Developments - The Shenzhen Municipal Bureau of Commerce released measures to promote high-quality service consumption, aiming to stimulate domestic demand and support the construction of an international consumption center [5] - Chengdu introduced 14 policies to support the development of the low-altitude economy, including subsidies for commercial operations [6] - Xiangtan Electric announced collaboration with solid-state battery companies for research and development, although it is still in the testing phase and has not yet generated revenue [11]