彭博社周二（7 月 8 日）援引 Pitchbook 的数据报道称，尽管第二季度退出的总数与第一季度持平，但 大多数来自并购和收购。 报告将 IPO 数量的下降归因于风险投资公司对美国公开市场、贸易政策和经济状况的不确定性。 Pitchbook 风险投资分析师Emily Zheng在报告中表示："在当前环境下，近期 IPO 活动的回升看起来更 像是一次重置，而非全面复苏。" 据报道，由风险投资 (VC) 公司支持的公司选择并购和买断，而不是首次公开募股 (IPO)。 今年 4 月，有报道称，由于公开上市暂停，风险投资家正转向二级市场。二级市场是买卖私人公司股票 的场所，近年来蓬勃发展。 宏业金融集团美国IPO咨询/辅导顾问服务 报告指出，参与这些行业的三家公司——Circle Internet Group、CoreWeave和Voyager Technologies—— 自 IPO 以来表现优异。 据 6 月份报道，由于 IPO 荒持续，私募股权 (PE) 公司正在重新考虑其退出策略。 当时，欧美私募股权投资支持的 IPO 数量已从 2021 年同期的 116 宗（当时是这些IPO的鼎盛时期）下 降至 9 宗 ...

截至7月9日收盘，PVDF概念下跌1.65%，位居概念板块跌幅榜前列，板块内，三美股份、巨化股份、 深圳新星等跌幅居前，股价上涨的有2只，涨幅居前的有金明精机、ST联创等，分别上涨1.46%、 0.59%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 托育服务 | 1.82 | 中船系 | -2.12 | | 短剧游戏 | 1.25 | PVDF概念 | -1.65 | | 信托概念 | 1.22 | 存储芯片 | -1.49 | | 知识产权保护 | 1.21 | 稀土永磁 | -1.48 | | AI语料 | 1.09 | 金属锌 | -1.46 | | 化债概念(AMC概念) | 1.07 | 金属镍 | -1.45 | | 虚拟数字人 | 0.98 | 有机硅概念 | -1.38 | | 共享单车 | 0.96 | 金属铅 | -1.21 | | Sora概念(文生视频) | 0.89 | 国家大基金持股 | -1.19 | | 文化传媒概念 | 0.82 | 磷化工 | -1.18 | PVDF ...

Group 1 - The West China Fund has launched the West China Hang Seng Technology Index, a QDII passive index equity fund, with a public offering period from July 9 to July 22, 2025, and a minimum fundraising target of 200 million shares [1][2] - The fund aims to invest in the Hang Seng Technology Index, which includes the top 30 Hong Kong-listed companies highly related to technology themes, and seeks to maintain an average tracking deviation of no more than 0.35% and an annualized tracking error of no more than 4% [2] - The management fee for the West China Hang Seng Technology Index is set at an annual rate of 0.5% based on the previous day's net asset value [4] Group 2 - The proposed fund managers are Hu Chao and Tong Guolin, with Tong currently managing three funds totaling over 1 billion yuan, including the West China Growth Enterprise Board ETF [5][10] - Hu Chao has been with the company since November 2017 and currently manages one product, the West China Hong Kong Stock Connect New Opportunities, which has a year-to-date return of 20.64%, outperforming its benchmark by over 7 percentage points [5][10] - The Hang Seng Technology Index has seen significant growth, with an increase of 18.7% in 2024 and over 19% year-to-date as of July 8, 2025 [3]

Group 1: Cash Management Tool - The company launched a cash management tool called "排排现金宝" which allows seamless interaction between fund purchases and redemptions, facilitating asset management for investors [3][4]. - The cash management tool offers a 7-day annualized yield of 1.8550%, which is significantly higher than traditional savings accounts [4]. Group 2: AI Services - The company introduced "排排网AI," an intelligent service designed to efficiently provide private equity information, market trends, and address investor inquiries [8][11]. Group 3: Self-Built Net Value Database - A self-built net value database was created to allow users to import net value data for intuitive analysis and comparison of private equity fund performance, addressing the challenges of limited net value disclosure [13][14]. - The process to access this feature includes verifying as a qualified investor, binding an email for automatic updates, and applying for private equity net value data [14][16]. Group 4: Private Equity Research Reports - The company offers in-depth market analysis through private equity research reports, covering both subjective and quantitative strategies, along with performance and holding data [17][19]. Group 5: Investment Education - "排排学堂" provides investment education courses aimed at guiding users from beginner to advanced levels, covering topics such as fund classification, selection strategies, and portfolio management [19][20].

Group 1 - The public fund issuance has significantly rebounded in the first half of the year, with 672 new funds established and a total fundraising scale exceeding 540 billion yuan [1][2] - Stock funds accounted for over half of the new fund issuance, with 387 stock funds established, raising 188.1 billion yuan, representing 57.59% of the number of funds and 34.77% of the fundraising scale [2] - The increase in stock fund issuance is attributed to policy incentives and a recovery in market confidence, with A-shares showing structural trends in sectors like humanoid robots, artificial intelligence, and innovative pharmaceuticals [2] Group 2 - Bond funds, despite a decline, still hold the largest share, with 117 new funds established and a fundraising scale of 227.1 billion yuan, accounting for 41.99% of the total [2] - Mixed funds saw 120 new establishments, raising 73.1 billion yuan, with respective shares of 17.86% and 13.52% [2] - Fund of funds (FOF) saw a significant increase, with 30 new funds established, a year-on-year growth of nearly 80%, raising 32.8 billion yuan [3] Group 3 - Innovative funds have become a significant contributor to the new fund issuance market, with over 50 innovative products launched, raising more than 70 billion yuan [4] - The first batch of floating management fee rate funds has been approved, with 24 funds established by the end of June, raising 22.7 billion yuan [5] - The focus for the second half of the year is expected to be on equity funds, particularly index products and "fixed income plus" products, driven by themes like hard technology and consumer recovery [5]

单支基金总规模4000万~1亿元，实施期一般为三年，省级与联合方出资比例一般为2：1。其中，省级 出资规模一般为3000万~6000万元，年度出资规模一般为1000万~2000万元，结合项目储备情况确定。 其他由市(县、区)出资。名称一般为"市(县)+产业领域+产业研发基金"。 河南省财政厅、河南省科学技术厅发布通知，征集科技研发联合基金(产业类)合作意向。通知提到：产 业研发基金是指由省财政厅、省科技厅发起，与市(县)、企业等共同出资设立的非营利性基金，支持方 式为补助、后补助等无偿资助方式，属于省级科技研发计划联合基金范畴。 产业研发基金主要聚焦联合区域的优势产业及产业链上下游行业，重点资助区域内企业实施的中试、成 果转化示范项目；省内高校、院所、相关企业围绕区域产业"卡脖子"问题实施的基础和应用研究项目、 重大协同研发合作项目；科技成果转移转化后补助项目；产业科研规划提升项目等。 ...

Core Insights - The new materials industry remains at a low point in 2025, with various data and significant events drawing attention [1] Industry Overview - The CIB New Materials Price Index in May stands at 60.2, reflecting a month-on-month increase of 1.9% but a year-on-year decline of 13.1%, down 53.7% from the peak in March 2022 [1] - The operating index is at 67.2%, with a slight month-on-month increase of 0.2 percentage points and a year-on-year decrease of 1.6 percentage points [1] - In Q1 2025, the CIB New Materials Enterprise Profit Index is at 84.6, up 9.0% from the previous quarter and 10.4% year-on-year [1] - New materials listed companies report a revenue increase of 6.8% year-on-year, marking two consecutive quarters of positive growth, with a gross margin of 19.0%, ending a three-quarter decline [1] Key Events - On May 20, a cooperation agreement for a new materials industry fund was signed by the Northwest Nonferrous Metals Research Institute and two other parties, aiming to establish a 10-year, 10 billion yuan fund, potentially expanding to 100 billion yuan [1] - Significant events include India's imposition of anti-dumping duties on Chinese titanium dioxide on May 10, and the commencement of two Sinopec projects at the Ningdong base on May 18 [1] - On May 28, the first batch of silicon carbide wafers was produced at the Changfei Advanced Semiconductor Wuhan base, and on June 6, the China Pingmei Shenma Group project was launched [1] - Saudi Aramco signed a nearly 90 billion dollar agreement on May 15, while on June 5, LyondellBasell entered negotiations for asset sales [1] Material Prices and Trends - In May, advanced chemical materials showed high operating rates, but prices and gross margins declined; advanced inorganic non-metallic materials saw stable glass fiber prices but falling glass prices [1] - Advanced steel materials experienced a rise in carbon steel prices while spring steel prices fell; advanced non-ferrous metal materials like titanium have seen price increases for seven consecutive months, while aluminum alloy prices slightly decreased [1] - Demand for new energy materials remains high, but material prices are declining; prices for green low-carbon materials are stable or slightly down [1] - In the electronics information materials sector, semiconductor sales growth is moderate, while panel shipment areas have decreased, and most electronic chemicals have seen significant price drops [1]

股票型及混合型基金中，昨日实现正回报的占91.29%，41只基金回报超5%，121只基金净值回撤超 1%。 上证指数昨日上涨0.70%，报收3497.48点，深证成指上涨1.47%，创业板指上涨2.39%，科创50指数上涨 1.40%。盘面上，申万一级行业中，涨幅居前的有通信、电力设备、电子等，分别上涨2.89%、2.30%、 2.27%。跌幅居前的有公用事业、银行等，分别下跌0.37%、0.24%。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 7月8日股票型及混合型基金净值增长率排行榜 | | | 7月8日 | | | | | --- | --- | --- | --- | --- | --- | | 基金代 码 | 基金简称 | 基金净值 | 日净值增长率 (%) | 基金类型 | 所属基金公 司 | | | | (元) | | | | | 022365 | 永赢科技智选混合发起C | 1.7595 | 6.19 | 偏股型 | 永赢基金 | | 022364 | 永赢科技智选混合发起A | 1.7672 | 6.18 | 偏股型 | 永赢基金 | | 016370 | 信澳业绩驱动混合 ...

Group 1 - The core issue revolves around the ongoing negotiations for a ceasefire in Gaza, with U.S. President Trump expressing optimism about progress in talks with Israeli Prime Minister Netanyahu and Hamas [1][2] - The latest ceasefire proposal includes a 60-day ceasefire during which Hamas is expected to release 10 hostages and 18 bodies, while negotiations for a permanent resolution will continue [3][4] - Key points of contention include the conditions for extending the ceasefire beyond 60 days, with Hamas seeking to remove clauses that could allow Israel to resume military action [4][7] Group 2 - The negotiations have seen preliminary agreements on humanitarian aid delivery to Gaza through UN channels, but the issue of permanent ceasefire guarantees remains a significant obstacle [5][7] - Each party involved has its own strategic interests: Hamas seeks guarantees from Trump, Israel aims to maintain a strong stance against Hamas to avoid political fallout, and the U.S. is looking to achieve diplomatic success to alleviate domestic pressures [8][10] - Recent military actions have continued despite negotiations, with reports of casualties on both sides, indicating a complex and volatile situation [11][12]

Meeting Overview - The meeting will be held in a communication format to discuss the proposal for the continuous operation of the "Zhaoshang Anfu 1-Year Regular Open Bond Fund" [2][5] - The voting period for the meeting is from July 8, 2025, 0:00 to August 8, 2025, 17:00 [3] Voting Process - Voting ballots must be sent to the designated address of the fund management company [4][10] - Fund holders can authorize others to vote on their behalf, with specific requirements for documentation [11][12] Registration and Participation - The record date for rights to participate in the meeting is July 8, 2025 [6] - All registered fund holders on this date are entitled to participate in the meeting [6] Proposal Details - The main agenda item for the meeting is the proposal regarding the continuous operation of the fund [5][25] - The proposal aims to enhance the efficiency of fund asset management and protect the interests of fund holders [25] Authorization Methods - Fund holders can authorize others to vote via paper or telephone, with specific guidelines for each method [14][11] - The effectiveness of the authorization is determined by the latest valid authorization submitted [15] Voting Rights and Conditions - Each fund share grants one voting right [17] - A valid resolution requires at least half of the total shares held by those who provide valid voting opinions [21] Meeting Logistics - The meeting is organized by Zhaoshang Fund Management Co., Ltd., with specific contact details provided for inquiries [23][24] - The fund custodian is Huaxia Bank Co., Ltd., and a notary public will supervise the voting process [24][16]