A股开盘，上证指数涨0.06%，深证成指涨0.27%，创业板指涨0.54%。 ...

东莞证券认为，周四，市场三大指数集体回调。从技术分析角度看，沪指依然位于5日均线上方，技术 形态上显示企稳向上的态势。当前，随着稳增长政策持续发力，基建投资稳步推进、消费刺激政策成效 显现，宏观经济企稳回升的趋势进一步明朗。另一方面，维护资本市场平稳运行已成为政策目标之一， 政策性资金托底意愿增强，叠加流动性合理充裕，市场出现系统性大幅调整的可能性相对较低。在海外 主要经济体降息预期升温、国内经济基本面延续稳定以及市场风险偏好有所修复的多重因素共同作用 下，A股短期或仍显韧性。7月中报披露窗口临近，基本面信号将成为市场关注焦点，预计A股市场将呈 现震荡修复格局。 渤海证券认为，A股当前估值总体适中，流动性增量预期较强，令估值端有明显的支撑。因此，下半年 A股市场将延续下有底的特征，在增量流动性的推动下，市场将有较强的结构性空间，指数也将随着外 部风险的化解和成交的活跃，而具备震荡上行的条件。 中原证券认为，周四早盘股指低开后震荡上扬，盘中沪指在3461点附近遭遇阻力，午后股指维持震荡， 盘中通信设备、文化传媒、旅游酒店以及电子元件等行业表现较好；化学制药、半导体、美容护理以及 生物制品等行业表现较弱。长期资金 ...

Domestic News - Xiaomi launched its SUV YU7 with a starting price of 253,500 yuan, achieving over 289,000 pre-orders within one hour [3] - The first AI glasses were also released by Xiaomi, priced starting at 1,999 yuan [3] - Honor has received listing counseling registration from the Shenzhen Securities Regulatory Bureau, marking a significant step towards its A-share IPO [5] - The Shanghai Stock Exchange held a meeting to implement the "1+6" policy for sponsor institutions in the Sci-Tech Innovation Board [5] - The National Development and Reform Commission announced that the third batch of funds for the replacement of old consumer goods will be distributed in July [5] - A new generation of domestically developed general-purpose processor, Longxin 3C6000, has been released [5] - The Ministry of Commerce provided updates on the approval of rare earth export applications to the EU, confirming that a certain number of compliant applications have been approved [5] - The National Financial Regulatory Administration and the People's Bank of China jointly released the "Implementation Plan for High-Quality Development of Inclusive Finance in the Banking and Insurance Industries" [5] - Guidelines for the adjustment of the basic medical insurance directory and the commercial insurance innovative drug directory for 2025 have been issued, marking the first inclusion of commercial insurance innovative drugs [5] International News - The U.S. Treasury Secretary requested Congress to remove the "899 retaliatory tax clause" [5] - The yield spread between U.S. 5-year and 30-year bonds has surpassed 101 basis points, the steepest since 2021 [5] - The EU summit did not reach an agreement on a new round of sanctions against Russia, but agreed to extend existing sanctions for six months [5] - The U.S. trade deficit unexpectedly widened in May, with exports experiencing the largest decline since the pandemic began; first-quarter GDP data was revised downwards [5]

证券代码： 西宁特钢 公告编号： 临 2025-037 西宁特殊钢股份有限公司 十届十二次监事会决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 一、监事会会议召开情况 西宁特殊钢股份有限公司（以下简称"公司"）监事会十届十二 次会议通知于 2025 年 6 月 16 日以书面（邮件）方式向各位监事发出， 会议于 2025 年 6 月 26 日在公司综合楼 104 会议室现场及网络通讯方 式召开。公司监事会现有成员 3 名，出席会议的监事 3 名。会议的召 开符合《公司法》和《公司章程》的相关规定。 二、监事会会议审议情况 本次监事会以书面表决方式，审议通过了以下议案： （一）审议通过了《关于公司符合向特定对象发行 A 股股票条件 的议案》 公司拟向特定对象发行人民币普通股（A 股）（以下简称"本次 发行"） ，根据《公司法》 《证券法》 《上市公司证券发行注册管理办法》 等法律、法规和规范性文件中对上市公司向特定对象发行 A 股股票的 相关资格和条件的要求，公司监事会经过对公司实际情况及相关事项 进行逐项自查和论证 ...

Core Viewpoint - Zhejiang Wuzhou New Spring Group Co., Ltd. is planning to issue A-shares to specific investors in 2025, aiming to raise funds for various projects and enhance shareholder returns [2][8][14]. Group 1: Share Issuance Proposals - The company proposes to issue A-shares to no more than 35 specific investors, including qualified institutional investors and natural persons [9][10]. - The total amount of funds to be raised through this issuance is capped at 1 billion yuan (100,000 million yuan) [12][13]. - The issuance will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 109,902,150 shares [10][11]. Group 2: Fund Utilization and Project Investment - The raised funds will be allocated to projects such as the development and industrialization of intelligent robots and core components for automotive intelligent driving, with a total investment of 1.3458625 billion yuan [13]. - The company may initially use self-raised funds for project progress before the raised funds are available, with plans to replace them once the funds are secured [13]. Group 3: Shareholder Return and Voting Procedures - A three-year shareholder return plan (2025-2027) has been proposed to enhance transparency and provide stable returns to investors [16][17]. - The company will seek authorization from the shareholders to manage all matters related to the issuance, including timing, quantity, and pricing [19]. - The voting process for the proposals will be conducted during the shareholders' meeting, with specific procedures outlined for participation and voting [6][7].

港股涨跌更看谁的脸色？20250625 摘要 港股与 A 股联动性显著增强，2020 年后滚动 12 个月相关系数维持在 80%-90%高位，远超历史平均水平，主要由于南向资金流入和内地企 业赴港上市，改变了港股投资环境。 外资持续流出港股，占比从最高峰近 80%降至 61%，累计流出超 7,400 亿港元，受地缘政治、港币套息交易及全球配置变化等多重因素 影响，资金结构发生显著变化。 港币套息交易加剧外资流出，美联储加息导致港美利差扩大，促使投资 者借入低利率港币兑换美元投资高收益资产，进一步影响港股资金结构。 中概股回归提升港股市场质量，已二次上市中概股占港股总市值约 70%，加强了港股与内地基本面的关联，使恒生指数更能反映中国经济 状况。 南向资金持续流入显著提升港股流动性，每年净流入超 3,000 亿港元， 2024 和 2025 年均超 7,000 亿港元，持股占比升至约 21%，成交金额 占比约 28%。 Q&A 港股与美股的联动性为何逐步减弱？ 自 2020 年以来，港股与美股之间的联动性显著减弱。历史数据显示，1970 年至今恒生指数与标普 500 指数的相关性系数高达 77%，尤其在美股大跌 ...

Group 1 - The recent surge in A-shares is primarily driven by the approval of a "virtual asset trading license" by Guotai Junan International, allowing direct trading of cryptocurrencies on their platform, which has significantly boosted market confidence [1] - The market experienced a sharp decline after the initial surge, highlighting the challenges of timing short-term market movements despite a generally positive long-term outlook for value investors [1][2] - Economic data has shown resilience despite initial pessimism following the US-China trade conflict, with export figures remaining strong and consumer policies supporting stability [4][5] Group 2 - The current economic environment is characterized by a downward trend in fundamentals, yet there are structural opportunities in certain sectors, particularly in technology, which is seen as a growth driver [6][7] - The concept of technological advancement is emphasized as a key factor in economic growth, with significant breakthroughs in areas like artificial intelligence and nuclear fusion indicating a potential for recovery and prosperity [8] - The market is experiencing a rotation phenomenon, where sector performance varies significantly, reflecting a shift from a bear market to a bull market, with indices showing upward movement amidst this rotation [9][10] Group 3 - Financial stocks have played a crucial role in driving the index above key resistance levels, supported by a macro backdrop of declining interest rates, while technology stocks are also showing signs of recovery [11] - The current market environment is described as both optimistic and challenging for investors, with the need for a disciplined approach to avoid the pitfalls of chasing trends during periods of volatility [11]

摘要 1、今天，A股三大指数冲高回落，港股国泰君安国际从上涨90%到下跌，发生了什么？ 2、 A股回调后能否再度上攻？ 陈果： 中国资产重估才刚刚开启！ 市场有调整要敢于加仓优质资产。 2、 A股3400点上方如何做好资产配置？机构看好两大主线机会！ 真话白话说财经，理财不说违心话 --这是第1374 篇白话财经- - 今天，A股冲高回落，没能延续昨天的强势表现，有超3600只个股下跌。 （图片来源：东方财富APP，统计截至2025/6/26，不作投资推荐） 两市成交额1.58万亿，盘面上，军工、旅游、银行等板块逆势上涨。 分析人士指出， A股有望呈现震荡向上行情。一方面，国内经济保持较强韧性；另一方面，中国资产的估值仍处于偏低水平，中国资产重估以及外资 流入仍有演绎的空间。 A股冲高回落，发生了什么？ 午后，A股港股出现明显回落，港股国泰君安国际从开盘一度涨近90%到最后下跌4%，到底发生了什么？ （图片来源：东方财富APP，统计截至2025/6/26，不作投资推荐） 分析人士认为，可能还是地缘方向出现了一些变数，影响了市场情绪。 1、突发变数影响。 一方面，是市场流传着伊朗最高领袖哈梅内伊之子——穆杰塔巴 ...

新股上市数量、首发募资金额，同比均有所回升，2025年上半年临近结束，A股IPO出现回暖迹象。 A股上半年新股数量及募资金额实现同比增长， Wind数据显示，截至6月26日，A股年内共有51只新股上市，首发募资总额373.55亿元，同比分别增长 约16%、15%。首发市盈率平均值也较去年同期有所下降，新股上市首日平均涨幅则高于去年同期水 平，且上半年新股零破发。 港股则掀起上市热潮 ，"A+H"热度持续攀升。市场预计，港股上半年新股上市数量将达到43只，募资 总额预计达到1067亿港元，募资总额增长超过675%，其中A股上市公司赴港上市的募资总额占比超过 七成。 上半年A股IPO同比小幅回暖 Wind数据显示，截至6月26日，A股已有51只新股上市，相较去年同期的44只，同比增长约16%。 从上市板块分布来看，创业板新股数量居前。51只新股中的20只来自创业板，18只来自沪深主板，7只 来自科创板，6只来自北交所。 相较去年同期，整体募资规模实现小幅增长。上半年已上市的新股，募资总额合计373.55亿元，同比增 长约15%。其中，9只新股募资金额超过10亿元，中策橡胶（603049.SH）首发募资金额最高，达 ...

Group 1 - The core viewpoint is that the A-share total market value has reached a historical high primarily due to the valuation recovery of quality blue-chip stocks, which continues to provide upward momentum for the market value [1][2][3] - Valuation recovery reflects a rational correction of the market towards the intrinsic value of quality enterprises, aligning stock prices more closely with their profitability and growth potential [1][2] - The influx of capital into core asset stocks has driven up their prices, significantly contributing to the overall increase in A-share market value, particularly in sectors like consumption and finance [1][2] Group 2 - Valuation recovery not only contributes to the current high of the A-share total market value but also lays a solid foundation for future market development, enhancing overall market quality [2][3] - The recovery of blue-chip stock valuations is expected to attract more long-term capital into the market, creating a virtuous cycle that optimizes resource allocation towards more competitive enterprises [2] - Future prospects indicate that if the valuation of quality blue-chip stocks continues to rise, the A-share total market value is likely to keep increasing, supported by steady economic recovery and ongoing policy support [2][3]