Core Viewpoint - The article discusses the implementation of new regulations aimed at enhancing the long-term stability and performance of state-owned commercial insurance companies in China, emphasizing the importance of effective asset-liability management and investment strategies to support economic development [1][3]. Group 1: Regulatory Changes - The assessment method for the "net asset return rate" has been adjusted from a combination of "3-year cycle indicator + current year indicator" to "current year indicator + 3-year cycle indicator + 5-year cycle indicator," with respective weights of 30%, 50%, and 20% [2]. - The evaluation of the "capital preservation and appreciation rate" has also shifted from a current year indicator to a combination of current year, 3-year cycle, and 5-year cycle indicators, maintaining the same weight distribution [2]. Group 2: Asset-Liability Management - State-owned commercial insurance companies are required to enhance their asset-liability management, focusing on matching the structure, cost-benefit, and cash flow of assets and liabilities [3]. - Companies should optimize asset allocation and determine appropriate equity investment ratios to balance investment returns and risks, aiming for stable growth in owners' equity and preservation of state financial capital [3]. Group 3: Investment Strategy - Emphasis is placed on prudent management, long-term investment, value investment, and stable investment practices, alongside the development of internal long-term assessment mechanisms [3]. - Companies are encouraged to identify high-quality investment targets that offer stable returns, manageable risks, and potential for appreciation, thereby enhancing long-term stable returns [3]. - There is a call for improved investment management capabilities, including strict adherence to internal investment management systems and comprehensive risk assessment processes [3].

Company Overview - Suzhou Planning's stock closed at 19.89 yuan on July 16, down 4.74%, with a rolling PE ratio of 78.83 times and a total market value of 2.275 billion yuan [1] - The company's main business includes planning design, engineering design, general contracting and management, and smart city services [1] Financial Performance - In the latest quarterly report for Q1 2025, the company achieved operating revenue of 46.2481 million yuan, a year-on-year decrease of 18.42%, and a net profit of 3.2258 million yuan, down 5.65% year-on-year, with a gross profit margin of 23.83% [1] Industry Comparison - The average PE ratio for the engineering consulting service industry is 59.62 times, with a median of 39.55 times, placing Suzhou Planning at 37th in the industry ranking [1] - The static PE ratio for Suzhou Planning is 78.30 times, while the industry average is 71.06 times [2] - The industry median for the price-to-book ratio is 2.40, while Suzhou Planning's is 2.29 [2] Capital Flow - On July 16, the net outflow of main funds for Suzhou Planning was 11.8442 million yuan, with a total outflow of 51.3888 million yuan over the past five days [1]

Core Viewpoint - The recent enforcement of a 20% personal income tax on overseas investment gains signifies a shift in China's tax regulation, moving towards a more stringent monitoring system for cross-border capital flows, aiming to curb irrational capital outflows and encourage the return of funds to domestic markets [1][6]. Tax Regulation and Legal Basis - The legal basis for taxing overseas investment income is established under the Individual Income Tax Law of the People's Republic of China, which mandates a 20% tax on various income types, including dividends and capital gains from overseas investments [2][4]. - Current practices indicate that taxation is primarily applied to "capital gains," with a "single transaction taxation" model, although there is some flexibility for annual loss offsetting [2][3]. Increased Tax Enforcement - Historically, tax enforcement on overseas investments has been lax, but recent developments indicate a significant increase in scrutiny, particularly due to advancements in information exchange mechanisms like CRS and the Gold Tax Phase IV system [5][6]. - The tax authority's intensified efforts are aimed at ensuring compliance among a growing number of Chinese residents engaging in overseas investments, thereby reducing tax evasion [6]. Impact on A-Share Market - The tightening of tax policies for overseas investors is expected to redirect some capital back to the A-share market, potentially enhancing market activity and providing support for A-share growth [7]. - A more robust tax system is anticipated to foster a fairer competitive environment in the A-share market, as all investors will operate under the same tax framework, thus stimulating market vitality [7]. Compliance and Tax Optimization Strategies - Despite the increased tax burden, interest in overseas investments remains strong, with investors exploring compliant tax optimization strategies [8][10]. - Strategies include utilizing domestic brokers for Hong Kong stock investments, which currently enjoy tax exemptions until the end of 2027, and investing in cross-border ETFs that adhere to domestic tax policies [10][11].

| 项目类别 | 数据指标 环比 数据指标 | 最新 | 最新 | 环比 | | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) -3.74 沪银主力合约收盘价(日,元/千克) | 776.66 | 9152 | -73 | | | 主力合约持仓量:沪金(日,手) 2438 主力合约持仓量:沪银(日,手) | 200708 | 430521 | -19594 | | | 沪金主力前20名净持仓(日,手) 830 沪银主力前20名净持仓(日,手) | 140521 | 144154 | -2822 | | | 仓单数量:黄金(日,千克) 0 仓单数量:白银(日,千克) | 28872 | 1212789 | -10170 | | 现货市场 | 上海有色网黄金现货价(日,元/克) -3.4 上海有色网白银现货价(日,元/千克) | 771.4 | 9103 | -43 | | | 沪金主力合约基差(日,元/克) 0.34 沪银主力合约基差(日,元/千克) | -5.26 | -49 | 30 | | 供需情况 | 黄金ETF持仓(日,吨) 0 白银E ...

深圳市长盈精密技术股份有限公司 本公司及监事会全体成员保证公告内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 证券代码：300115 证券简称：长盈精密 公告编号：2025-45 二、监事会会议审议情况 经审核，监事会认为：公司使用不超过 10 亿元的闲置募集资金暂时补充流动资 金，可以提高闲置募集资金使用效率，降低公司财务费用，没有与募集资金投资项 目的实施计划相抵触，不会影响募集资金投资项目的正常进行，不存在变相改变募 集资金投向和损害全体股东利益的情形，未违反《深圳证券交易所创业板股票上市 规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运 作》和《上市公司募集资金监管规则》等相关规定。因此，监事会同意公司使用不 超过 10 亿元的闲置募集资金暂时补充流动资金。 表决结果：3 票同意，0 票反对，0 票弃权。 经审核，监事会认为：江苏雷匠科技有限公司为公司的控股子公司，是纳入上 市公司合并报表范围的企业，公司为其提供担保不会对公司的正常运作和业务发展 造成不良影响。本次担保内容及决策程序未违反《深圳证券交易所创业板股票上市 规则》《深圳证券 ...

证券代码：688628 证券简称：优利德 公告编号：2025-033 优利德科技（中国）股份有限公司 关于首次公开发行股票募投项目结项 并拟注销募集资金专户的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 优利德科技（中国）股份有限公司（以下简称"公司"）首次公开发行股票 募集资金投资项目 "高端测量仪器与热成像研发中心项目"（以下简称"募投 项目"）已完成募集资金承诺投资，该项目的募集资金已基本使用完毕，公司决 定将上述募投项目结项，将节余募集资金 87.41 万元永久补充流动资金，并注销 上述募投项目募集资金专用账户，后续公司计划以自有资金继续投入项目建设。 根据《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相 关规定，该事项可以免于履行董事会审议程序，无需监事会、保荐机构或者独立 财务顾问发表明确同意意见。现将相关情况公告如下： 一、募集资金基本情况 | | | | 预计投资总 | | | | --- | --- | --- | --- | --- | --- | | 序号 | 项目名称 | ...

兰州兰石重型装备股份有限公司 A 股募集资金管理办法 （2025 年 7 月） 第一章 总 则 第一条 为了规范兰州兰石重型装备股份有限公司（以下简称"公司"） 募集资金的管理和运用，提高募集资金使用效率，保护投资者的权益，依照《中 华人民共和国公司法》《中华人民共和国证券法》《首次公开发行股票注册管理 办法》《上市公司证券发行注册管理办法》《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》和《上市公司募集资 金监管规则》等法律、法规和规范性文件以及《兰州兰石重型装备股份有限公司 章程》（以下简称"公司《章程》"）的相关规定，结合公司实际情况，制定本 办法。 第二条 本办法所称募集资金，是指公司通过发行股票或者其他具有股权 性质的证券，向投资者募集并用于特定用途的资金监管，但不包括公司实施股权 激励计划募集的资金。 第三条 公司募集资金应当按照本办法的规定进行存储、使用和管理，做 到资金使用的规范、公开和透明。 第四条 公司的董事和高级管理人员应当勤勉尽责，确保公司规范使用募 集资金安全，不得操控公司擅自或者变相改变募集资金用途。 公司财务部应当对募集资金的使用情况设 ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 14.265 billion yuan, while the Sci-Tech Innovation Board saw a net inflow of 722 million yuan [1] - A total of 257 stocks had net inflows, while 332 stocks had net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 379 stocks rose, with two stocks hitting the daily limit up, including Puyuan Information and Awei New Materials, while 200 stocks declined [1] - The top three stocks with the highest net inflow of funds were Cambrian Technology (76.922 million yuan), Haiguang Information (11.294 million yuan), and Hengxuan Technology (8.704 million yuan) [2] Continuous Fund Flow - There are 56 stocks that have seen continuous net inflows for more than three trading days, with Zhongkong Technology leading at seven consecutive days [2] - Conversely, 136 stocks have experienced continuous net outflows, with Guanda Materials leading at 18 consecutive days [2] Key Stocks with Fund Inflows - Cambrian Technology: 76.922 million yuan net inflow, 13.66% inflow rate, and a 4.90% increase [2] - Haiguang Information: 11.294 million yuan net inflow, 5.21% inflow rate, and a 0.63% increase [2] - Hengxuan Technology: 8.704 million yuan net inflow, 9.51% inflow rate, and a 0.63% increase [2] Key Stocks with Fund Outflows - Juchip Technology: 9.357 million yuan net outflow, with a 3.22% decrease [1] - SMIC: 8.240 million yuan net outflow [1] - Sitaiwei: 6.821 million yuan net outflow [1]

沪指7月16日下跌0.03%，申万所属行业中，今日上涨的有14个，涨幅居前的行业为社会服务、汽车， 涨幅分别为1.13%、1.07%。跌幅居前的行业为钢铁、银行，跌幅分别为1.28%、0.74%。银行行业位居 今日跌幅榜第二。 | 601009 | 南京银行 | -0.69 | 0.34 | -2005.15 | | --- | --- | --- | --- | --- | | 002958 | 青农商行 | -1.34 | 2.04 | -1886.43 | | 601963 | 重庆银行 | -1.18 | 0.74 | -1660.69 | | 601998 | 中信银行 | -0.58 | 0.13 | -1305.22 | | 601860 | 紫金银行 | -0.94 | 2.13 | -1123.57 | | 600908 | 无锡银行 | -1.10 | 1.15 | -713.28 | | 002839 | 张家港行 | -0.85 | 1.95 | -610.12 | | 600928 | 西安银行 | 0.00 | 0.76 | -498.62 | | 002966 | 苏州银行 | ...

7月16日，沪指下跌0.03%，深成指下跌0.22%，创业板指下跌0.22%，沪深300指数下跌0.30%。可交易 A股中，上涨的有3277只，占比60.62%，下跌的1929只。 今日各行业资金流向 | 行业 | 日涨跌幅（%） | 资金流向（亿元） | 行业 | 日涨跌幅（%） | 资金流向（亿元） | | --- | --- | --- | --- | --- | --- | | 公用事业 | -0.20 | 28.23 | 建筑材料 | -0.17 | -4.40 | | 医药生物 | 0.95 | 20.95 | 房地产 | -0.29 | -4.78 | | 汽车 | 1.07 | 18.65 | 建筑装饰 | -0.42 | -5.43 | | 轻工制造 | 0.94 | 10.71 | 钢铁 | -1.28 | -5.88 | | 社会服务 | 1.13 | 3.90 | 传媒 | -0.23 | -6.54 | | 家用电器 | -0.15 | 3.62 | 银行 | -0.74 | -6.87 | | 食品饮料 | 0.35 | 2.82 | 环保 | -0.37 | -8.69 | | ...