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新世纪期货交易提示(2025-7-10)-20250710
Xin Shi Ji Qi Huo· 2025-07-10 03:29
交易提示 交易咨询:0571-85165192,85058093 2025 年 7 月 10 日星期四 16519 新世纪期货交易提示(2025-7-10) | | | | | 铁矿:近期铁矿石盘面受情绪影响低位反弹,矿山季末冲量基本结束,澳 洲和巴西发运量均有一定程度下降,近端到港量也环比下行,后续供应依 | | --- | --- | --- | --- | --- | | | | | | 然宽松。产业端淡季,五大钢材产量增,铁水淡季不淡,铁矿港口库存仍 | | | | 铁矿石 | 反弹 | 旧在去库,240 以上的高铁水仍旧能驱动港口去库,关注后续铁水见顶情 | | | | | | 况。供给侧改革消息扰动叠加唐山限产带动黑色价格上涨,原料跟涨。中 | | | | | | 长期看,铁矿石中长期看整体呈现供应逐步回升、需求相对低位、港口库 | | | | | | 存步入累库通道的局面,供需过剩格局不变,介于短期情绪扰动,短期反 | | | | | | 弹为主,铁矿 2509 合约关注 740 元/吨一线能否有效突破。 | | | | | | 煤焦:供给侧改革消息扰动叠加唐山限产带动黑色价格上涨,原料跟涨。 ...
光大期货金融期货日报-20250710
Guang Da Qi Huo· 2025-07-10 03:25
光大期货金融期货日报(2025 年 07 月 10 日) 光大期货金融期货日报 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | | 昨日,A 股市场震荡收跌,Wind 全 A 下跌 0.18%,成交额 1.53 万亿元。中 | | | | 证 1000 指数下跌 0.27%,中证 500 指数下跌 0.41%,沪深 300 指数下跌 | | | | 0.18%,上证 50 指数下跌 0.26%。传媒板块领涨,有色金属回调,板块轮动 | | | | 继续。近期中央财经委召开第六次会议,强调:"纵深推进全国统一大市场建 | | | | 设,基本要求是"五统一、一开放"。市场对于反内卷背景下企业盈利回升和 | | | | 通胀企稳的预期颇高,但与 2016 年供给侧改个不同的是,本轮"反内卷"政 | | | | 2016 策并未配套类似于 年的增量财政政策,未来对相关题材的影响还需参 | | | 股指 | 考中央财政增量政策的转导方式和规模。海外方面,"非农"强劲背景下美联 | 震荡 | | | 储降息预期稍缓,国内小盘指数受到的提振明显减弱,未来需继续关注美国 | | ...
行业反内卷+盈利修复,光伏50ETF(159864)涨超2%
Sou Hu Cai Jing· 2025-07-10 03:24
政策面,"反内卷"政策出台推动光伏供给侧结构改革。东兴证券表示,政策密集释放反内卷信号,光伏 供给侧改革有望提速。此外,今年以来高频次的政策发声,将反内卷提升至战略高度,表明了政府对于 治理反内卷问题的决心,未来随着自上而下推动,光伏行业供给侧改革有望提速。 近期多晶硅现货价格出现明显回升,头部企业致密料报价上调至 37 元 / 千克,期货主力合约连续涨 停,市场预期价格将进一步回升至 39-40 元 / 千克。硅片环节同步跟进,多家企业上调报价,涨幅达 8%-11.7%,成本传导效应逐步显现,产业链利润预期改善。政策减产落地及价格反弹支撑Q3盈利修 复,板块或延续震荡上行。 工信部近期修订《光伏制造行业规范条件》,明确引导企业减少低水平扩产,提高新建项目资本金比例 至30%,并强化技术指标要求。《光伏制造行业规范条件》出台将加速落后产能退出,推动行业集中度 提升,龙头企业有望受益于市场份额重构。 光伏ETF(159864)追踪中证光伏产业指数,指数覆盖硅料、硅片、电池片、组件、逆变器、设备等全 产业链龙头公司,近一年来涨超13%。成分股协鑫集成、弘元绿能今日均涨停。同时,该指数经历前期 波动,估值处于低位, ...
聚焦“两高四着力” 深度融入河南经济社会高质量发展进程
Jin Rong Shi Bao· 2025-07-10 03:16
Core Viewpoint - The article emphasizes the importance of implementing the strategic directives from the central government regarding the development of the central region, ecological protection of the Yellow River basin, and high-quality development in Henan province, with a focus on modernizing the industrial system and improving people's livelihoods [1][5]. Group 1: Empowering Industrial Transformation and Upgrading - China Cinda's Henan branch focuses on technology innovation in fields such as new materials and advanced manufacturing, supporting specialized enterprises through market-oriented debt-to-equity swaps [2]. - The company has helped listed firms like Huaying Agriculture and Zhongfu Industry reduce debt burdens and has actively participated in the rescue of Kedi Food, ensuring employment for over 15,000 individuals [2]. - A business matching event with the Henan State-owned Assets Supervision and Administration Commission is planned for April 2025 to enhance the financial services for state-owned enterprises [2]. Group 2: Assisting in Risk Mitigation in Key Areas - Since its establishment, China Cinda's Henan branch has invested over 50 billion yuan in acquiring non-performing loans from local banks, aiding in the resolution of risks associated with projects like the Wandaxin Expressway [3]. - The company has contributed to the restructuring of local small banks, acquiring non-performing loans worth 6.167 billion yuan [3]. - The branch has played a crucial role in the "guarantee housing" initiative, facilitating the delivery of 3,319 housing units in the Zhengzhou Tilu project [3]. Group 3: Promoting New Industrial Development - The company supports the transformation of traditional energy enterprises in Henan, providing over 20 billion yuan in funding to major energy groups since 2015 [4]. - It has utilized debt-to-equity swaps to assist the largest lithium hexafluorophosphate producer in expanding production and reducing debt ratios [4]. - The Henan branch is also involved in enhancing the cultural tourism industry, aiding in the bankruptcy restructuring of Luoyang Tourism Group to improve asset operation efficiency [4]. Group 4: Commitment to Strategic Directives - China Cinda's Henan branch is committed to deeply learning and implementing the important speeches of General Secretary Xi Jinping, focusing on the strategic deployment for the central region's rise and ecological protection [5][6]. - The company aims to serve the real economy and promote the development of industries such as cultural tourism, manufacturing, and high-tech sectors in Henan [6].
吴桂英主持召开市委全面深化改革委员会会议
Chang Sha Wan Bao· 2025-07-10 02:57
Group 1 - The meeting emphasized the importance of urban bare soil dust control as one of the first key initiatives for further comprehensive reform in the city [5] - The meeting approved the "Implementation Opinions on Long-term Governance of Urban Bare Soil Dust in Changsha" and reforms related to industry associations and state-owned enterprises [4] - The meeting highlighted the need to enhance the execution of reforms, avoid formalism and bureaucratism, and ensure substantial progress in reform initiatives [4] Group 2 - The meeting recognized industry associations and chambers of commerce as crucial support for improving industry management and market governance [4] - The meeting called for the establishment of a robust internal supervision system and risk prevention mechanisms for state-owned enterprises, leveraging the reform of the chief auditor system [6] - The meeting stressed the need for responsible participation from construction units and relevant departments in dust prevention, promoting standardized and regulated governance [5]
基金降费“接力赛”:超千只产品入“低价”行列
Huan Qiu Wang· 2025-07-10 02:46
Group 1 - The fund industry is experiencing a wave of fee reductions, with over 20 funds announcing lower management and/or custody fees, aimed at reducing investor holding costs [1][2] - The number of "low-fee" fund products with management fees at 0.15% or below has surpassed 1,050 [1] - Major fund companies such as E Fund, Guotai Junan, and others have implemented fee reductions, with some funds lowering management fees significantly, such as a drop from 0.90% to 0.55% [1] Group 2 - The current wave of fee reductions reflects the ongoing deepening of public fund fee reforms, with expectations for a third phase focusing on sales fees to accelerate [2] - The China Securities Regulatory Commission (CSRC) has indicated that further reductions in fund sales fees are expected to save investors approximately 45 billion yuan annually starting in 2025 [2] Group 3 - As the number of low-fee products increases, fund companies are exploring more refined charging models, such as tiered service fees based on holding periods to encourage long-term investment [4] - The continuous fee reductions are pushing the industry towards a more standardized and inclusive direction, while fund companies are encouraged to strengthen their research capabilities to attract and retain investors [4]
美国富豪,暂免于“死亡与税收恐惧”
Hu Xiu· 2025-07-10 02:37
本文来自微信公众号:家办新智点 (ID:foinsight),作者:foinsight,题图来自:AI生成 本杰明·富兰克林曾经说过一句名言:在这个世界上,只有死亡和税是逃不掉的。而对于美国富豪而 言,近日一项影响深远的立法可以让他们暂免于"死亡与税收的恐惧"。 7月1日,特朗普力推的"大而美"法案(One Big Beautiful Bill Act)在参议院以51比50通过。7月4日,特 朗普在白宫签署"大而美"法案,作为美国"独立日"庆祝活动的一部分。据悉,法案计划在未来10年内减 税4万亿美元,并削减至少1.5万亿美元支出。 该法案实际上是2017年特朗普第一任期时《减税与就业法案》的延续和升级。《减税与就业法案》预计 到今年年底就到期了,"大而美"法案递补上之后,将使大部分特朗普的减税措施永久化。 家办新智点认为,"大而美"法案标志着一个关键转折:美国顶级富豪家族的财富积累、保全与代际传承 策略正在发生显著变化。税务专家指出,该法案有望为富豪群体开启新一轮精准减负,其中小型企业投 资者或成为显著受益者。 据税收政策中心的数据,年收入100万美元或以上的纳税人的税后收入预计将增加约3%。以美元计算, ...
村镇银行年内84家获批解散,兼并重组成主旋律
Huan Qiu Wang· 2025-07-10 02:35
内蒙古成为今年上半年村镇银行解散数量最多的地区,有15家获批解散,多数被蒙商银行吸收合并。山东和江苏紧随其后,分别有14家和5家村镇银行获批 解散。据统计,截至7月9日,全国村镇银行总数已从2024年末的1538家减少至1454家。 值得关注的是,今年村镇银行改革中出现了一些新变化。例如,出现了跨省"村改支"和"村改分"的案例:哈尔滨银行收购了重庆酉阳融兴村镇银行,并在重 庆市设立了三个支行;江苏银行收购宁波江北富民村镇银行后,设立了江苏银行宁波分行。此外,国有大行也首次加入兼并重组队伍,工商银行收购了其独 资设立的重庆璧山工银村镇银行。 业内人士分析,尽管出现了跨省收购和大型银行介入的新动向,但这更多是"一事一议"的个案处理,区域性银行大规模跨区域经营的可能性依然不大。未 来,村镇银行的数量预计将进一步减少,改革将更加注重引导机构回归服务"三农"和小微企业的本源,在化解风险的同时,提升服务实体经济的质效。(文 馨) 【环球网财经综合报道】中小金融机构改革化险的步伐正在加快,特别是村镇银行领域的"瘦身健体"进程在今年显著提速。据统计,截至7月9日,2025年已 有84家村镇银行正式获批解散,这一数字相较于20 ...
五矿期货文字早评-20250710
Wu Kuang Qi Huo· 2025-07-10 02:13
文字早评 2025/07/10 星期四 宏观金融类 股指 宏观消息面: 期指基差比例: IF 当月/下月/当季/隔季:-0.36%/-0.74%/-0.97%/-1.79%; IC 当月/下月/当季/隔季:-0.39%/-1.29%/-2.19%/-4.26%; IM 当月/下月/当季/隔季:-0.50%/-1.59%/-2.76%/-5.68%; IH 当月/下月/当季/隔季:-0.37%/-0.59%/-0.58%/-0.54%。 交易逻辑:海外方面,近期主要关注点在美国对各国征收关税带来的影响。国内方面,重点关注 7 月份 "中央政治局会议"预期。当前国债利率处于低位,股债收益比较高,淤积在金融系统的资金有望流入 高收益资产,经济也有望在众多政策的助力下企稳。建议逢低做多与经济高度相关的 IH 或者 IF 股指期 货,亦可择机做多与"新质生产力"相关性较高的 IC 或者 IM 期货。 期指交易策略:单边建议逢低买入 IF 股指多单,套利暂无推荐。 国债 行情方面:周三,TL 主力合约上涨 0.19%,收于 121.09;T 主力合约上涨 0.05%,收于 109.050;TF 主 力合约上涨 0.03% ...
黑色建材日报-20250710
Wu Kuang Qi Huo· 2025-07-10 02:12
黑色建材日报 2025-07-10 钢材 黑色建材组 陈张滢 从业资格号:F03098415 交易咨询号:Z0020771 0755-23375161 chenzy@wkqh.cn 郎志杰 从业资格号:F3030112 0755-23375125 langzj@wkqh.cn 万林新 从业资格号:F03133967 0755-23375162 wanlx@wkqh.cn 赵 航 从业资格号:F03133652 0755-23375155 zhao3@wkqh.cn 螺纹钢主力合约下午收盘价为 3063 元/吨, 较上一交易日跌 0 元/吨(0%)。当日注册仓单 44905 吨, 环 比减少 0 吨。主力合约持仓量为 217.4941 万手,环比增加 6394 手。现货市场方面, 螺纹钢天津汇总价格 为 3160 元/吨, 环比减少 0/吨; 上海汇总价格为 3160 元/吨, 环比增加 10 元/吨。 热轧板卷主力合约收 盘价为 3190 元/吨, 较上一交易日跌 1 元/吨(-0.03%)。 当日注册仓单 64587 吨, 环比减少 0 吨。主力 合约持仓量为 158.2553 万手,环比减少 11138 ...