第一章 总则 第一条 按照建立现代企业制度的要求，进一步完善新世界股份有限公司（以下 简称"公司"）治理结构，促进公司的规范运作，维护公司整体利益，提高公司决 策的科学性和民主性，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司独立董事管理办法》、《上市公司治理准则》和《上海新世 界股份有限公司章程》（以下简称"《公司章程》"）的有关规定，制定本制度。 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 判断的关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，并应当按照相关法律 法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、上海证券交易 所业务规则和公司章程的规定，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。 独立董事应当重点关注公司的关联交易、对外担保、募集资金使用、社会公众 股股东保护、重大资产重组、重大投融资活动、董事和 ...

Core Viewpoint - The document outlines the governance structure and operational guidelines for Jiangxi Fuxiang Pharmaceutical Co., Ltd, emphasizing the importance of independent directors in protecting the interests of minority shareholders and ensuring the company's compliance with relevant laws and regulations [3][4][5]. Group 1: Governance Structure - The company aims to improve its governance structure by enhancing the board's composition and strengthening the oversight of non-independent directors and management [3]. - Independent directors are defined as those who do not hold any other positions within the company and have no significant relationships that could affect their impartial judgment [4][5]. - At least one-third of the board members must be independent directors, including at least one with accounting expertise [5][6]. Group 2: Responsibilities and Rights of Independent Directors - Independent directors are tasked with participating in board decisions, supervising potential conflicts of interest, and providing professional advice to enhance decision-making [17][18]. - They have the right to independently hire external consultants for audits or investigations and can propose the convening of extraordinary shareholder meetings [11][18]. - Independent directors must disclose their dissenting opinions on board resolutions, ensuring transparency and accountability [20][21]. Group 3: Appointment and Termination - Independent directors can be nominated by the board or shareholders holding at least 1% of the company's shares, with a cumulative voting system for elections [10][11]. - Their term aligns with that of other directors but cannot exceed six consecutive years [14]. - If an independent director resigns, the company must fill the vacancy within 60 days to maintain the required proportion of independent directors [10][14]. Group 4: Compliance and Reporting - Independent directors are required to conduct annual self-assessments of their independence and report their findings to the board [7]. - They must submit an annual performance report to the shareholders' meeting, detailing their attendance and participation in board activities [20][21]. - The company is obligated to provide independent directors with necessary resources and support to fulfill their duties effectively [23][24].

Core Points - The article outlines the establishment of a specialized meeting system for independent directors of Shanghai Jinjiang Online Network Service Co., Ltd to enhance corporate governance and ensure the interests of minority shareholders are considered [1][2][5] Group 1: Meeting Structure and Procedures - The specialized meeting of independent directors is defined as a meeting attended solely by independent directors, focusing on independent discussions and forming opinions from the perspective of the company and minority shareholders [1] - The specialized meeting must be held at least once a year, and can be convened by the meeting organizer or upon the proposal of more than half of the independent directors [2] - A quorum for the meeting requires the presence of more than half of the independent directors, with non-independent directors and relevant personnel allowed to attend but without voting rights [2][5] Group 2: Voting and Decision-Making - Voting at the specialized meeting is conducted on a one-vote-per-person basis, using methods such as on-site voting, written voting, or other legally permitted methods [2] - Independent directors must personally attend the meeting unless special circumstances arise, in which case they can delegate another independent director to attend and vote on their behalf [3] - Certain matters must be discussed and approved by a majority of independent directors before being submitted to the board for consideration, including related party transactions and changes to commitments [3][4] Group 3: Documentation and Reporting - The meeting must be documented accurately, reflecting the opinions of the independent directors, and these records must be signed by the independent directors [4] - Independent directors are required to submit an annual report to the company's annual shareholders' meeting, detailing the work of the specialized meetings [4][5] - The company must provide necessary working conditions and support for the independent directors to fulfill their responsibilities, including access to operational information and resources for conducting investigations [5]

南华期货股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善公司治理结构，切实保护股东的利益，促进公司规范 运作，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公 司独立董事管理办法》（以下简称"《管理办法》"）、《上市公司治理准则》、 上海证券交易所相关业务规则、《香港联合交易所有限公司证券上市规则》（以 下简称"《联交所上市规则》"）等有关法律、法规、规范性文件以及《南华期 货股份有限公司章程》（以下简称"《公司章程》"）的有关规定，特制定本制 度。 第二条 公司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 主要股东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进行独 立客观判断的关系的董事。本制度中"独立董事"的含义与《联交所上市规则》 中"独立非执行董事"的含义一致，独立董事须同时符合《联交所上市规则》要 求的独立性。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、公司股 票上市地证券监管规则和《公司章程》的规定，认真履行职责，在董事会中发挥 参与决策、监督制衡、专业 ...

Economic Overview - The U.S. economy contracted by 0.5% in Q1 2025, significantly down from previous estimates, primarily due to tariff policies leading to increased imports and inflation concerns [1][3] - Analysts predict that inflation rates in the U.S. will surge starting June, with a 40% probability of the economy entering a recession in the second half of the year [3][4] Tariff Impact - The current effective tariff rate in the U.S. hovers around 15%, with a potential GDP growth slowdown of 0.25%-0.75% for every 5%-10% increase in tariffs [3][4] - The inflation effects of tariffs may be delayed but are expected to manifest in the latter half of the year, raising concerns about economic pain [3][4] Federal Reserve Dynamics - Federal Reserve Chairman Jerome Powell has indicated that unprecedented tariff policies complicate inflation predictions and decisions on interest rate cuts [5][7] - Trump is reportedly seeking a "compliant" successor to Powell, with potential candidates including Kevin Walsh and others, aiming to influence monetary policy ahead of Powell's term ending [7][9] Dollar's International Standing - The U.S. dollar index has depreciated over 10% this year, with predictions of an additional 5.7% decline in the next 12 months due to economic uncertainties and geopolitical issues [12][14] - There is a structural decline in international investors' appetite for U.S. Treasury bonds, with the debt-to-GDP ratio reaching 123%, raising concerns about the dollar's status as a global reserve currency [12][14]

以下文章来源于金十财经 ，作者金十小金 金十财经 . 每日8点，为您呈上金融投资行业的国际动态、财经数据和市场观察。 来源 | 金十财经 由于投资者美联储独立性受损的新信号感到不安， 美元指数 被迅速推至三年多来最低水平。 周三，美国总统特朗普称美联储主席鲍威尔"糟糕透顶"，这是他对美联储主席的最新抨击，并表 示已考虑三到四人作为美联储主席职位的候选人。 周四，美元兑一篮子主要货币重返多年低点，抹去了本周早些时候因中东紧张局势引发的避险资 金流带来的短暂喘息。 美元指数今年迄今已下跌10%，有望创下2003年以来最差年度表现。随着 市场对美联储独立性的担忧加剧，加之降息预期升温及7月9日贸易谈判截止日临近，美元指数料 将进一步走弱。 加拿大皇家银行蓝湾资产管理高级投资组合经理卡斯帕·亨泽（Kaspar Hense）表示： "在机构公 信力受损的环境下，我们做空美元。" 他补充称，若哈塞特或贝森特这类人物上任并"无视基本面风险而降息，市场仍会剧烈波动"。据 报道，下一任美联储主席的主要候选人包括前美联储理事沃什、国家经济委员会主任哈塞特、现 任美联储理事沃勒和财政部长贝森特。 法国兴业银行首席外汇策略师基特·朱 ...

Group 1 - The core observation is that despite the significant decline in the US dollar index, the A-share market remains largely unaffected, indicating a unique market logic at play [1][3] - A-shares exhibit a degree of independence from global market trends, reflecting China's economic resilience and ongoing structural adjustments [3][4] - The current market structure shows a contradiction where regulatory bodies aim for stability to boost consumption, while market participants seek volatility for excess returns, leading to a peculiar market dynamic [4][5] Group 2 - Understanding institutional behavior is crucial, as institutional investors tend to adopt a long-term perspective and may remain inactive for extended periods while executing strategies like "institutional lock-up" [7][9] - A quantitative system categorizes institutional behavior into four levels, from high activity to complete withdrawal, providing insights into market movements [9][10] - Despite recent index adjustments, indicators show that institutional control remains stable, suggesting that price fluctuations are superficial while the underlying sentiment is unchanged [12][14]

澳洲东部标准时间（AEST）下午1点刚过，澳元兑美元汇率触及65.60美分，创下自 去年11月24日以来 的最佳表现。 在Powell告诉美国国会，白宫的关税可能会加剧通胀，从而推迟潜在的降息计划 后，特朗普称Powell 是"一个心智平平的人"，"就他的工作而言智商很低"。 "实际 上，我认为他是个非常愚蠢的人，"特朗普说。 Powell是唯一被拜登留任并续任的人，他的任期要到明年5月才结束。不过，特朗 普表示，他已经在物 色美联储主席的接替者。 （图片来源：9News） 据澳洲九号台新闻报道，这在一定程度上得益于美国总统特朗普颇具争议的言论。 截至下午4点，澳元汇率小幅回落至约65.44美分，与昨日市场收盘时的水平大致相 当，但仍远高于今年 头几个月的水平。 今年4月，在特朗普"解放日"关税影响下，澳元兑美元汇率跌破60美分，但此后开 始回升。 今日创下的年度高点并非源于澳元的强势，而是由于特朗普再次对美联储主席Jerome Powell发起抨击 后，美元走弱。 特朗普一直在不断攻击他在2017年第一任期内任命的这位首席央行官员，原因是美 联储今年不愿降 息。 "我知道有三到四个人是我要选的，"他说，并补 ...

2025.06. 27 本文字数：2521，阅读时长大约4分钟 作者 | 第一财经 后歆桐 过去一周，由于美联储理事沃勒和鲍曼的表态，市场对美联储降息预期一度上升。但紧随其后，包括美联 储主席鲍威尔、纽约联储主席威廉姆斯、旧金山联储主席戴利纷纷为降息预期降温。 美东时间周四，又有五位联储官员表示，不准备支持下次会议，也就是市场预期的7月降息。 此外，本周有消息称，特朗普正酝酿提名鲍威尔的继任者，或将在今年9月或10月前选定并宣布，市场对 此也分外关注。 ▲ 图源：新华社 7月降息预期再遭降温 近期，多项美国经济数据强化了政策宽松预期，美联储理事沃勒和鲍曼过去一周也均表示，若通胀持续受 控，可能最快在7月29~30日的美联储议息会议（FOMC）上支持降息。利率互换市场随之加大了对美联 储降息的押注，完全定价年内两次降息。 但紧随其后，多位美联储官员纷纷为降息预期降温。鲍威尔周二在国会出席听证会时称，如果不是关税对 未来物价造成不确定性，基于原本的通胀下行趋势，美联储可能已启动降息。但当前，无需急于调整政 策。"关税影响将取决于其最终水平，眼下我们处于有利位置，可在考虑调整政策立场前，等待更多经济 走向的信息。" ...

特朗普希望提前指定接替鲍威尔接班人，通过"影子主席"来影响美联储，这不利于提升市场对美国货币政策制定 完整性和独立性的观感，也不利于美元储备货币地位。 过去一周，由于美联储理事沃勒和鲍曼的表态，市场对美联储降息预期一度上升。但紧随其后，包括美联储主席 鲍威尔、纽约联储主席威廉姆斯、旧金山联储主席戴利纷纷为降息预期降温。 美东时间周四，又有五位联储官员表示，不准备支持下次会议，也就是市场预期的7月降息。 此外，本周有消息称，特朗普正酝酿提名鲍威尔的继任者，或将在今年9月或10月前选定并宣布，市场对此也份外 关注。 7月降息预期再遭降温 近期，多项美国经济数据强化了政策宽松预期，美联储理事沃勒和鲍曼过去一周也均表示，若通胀持续受控，可 能最快在7月29~30日的美联储议息会议（FOMC）上支持降息。利率互换市场随之加大了对美联储降息的押注， 完全定价年内两次降息。 波士顿联储主席柯林斯也称，"今年稍晚美联储确实会重启降息，可能降息一次或更多次。但7月会议前，我们仅 能获得一个月的新数据，我希望看到更多数据，目前看不到降息紧迫性。" 里士满联储主席巴尔金预计，关税将对物价构成上行压力。"鉴于诸多不确定性，美联储应在 ...