早盘速递 2025/7/21 热点资讯 1、工信部等四部门部署进一步规范新能源汽车产业竞争秩序工作，要求深入推进产品价格监测、产品一致性监督检查、缩短供 应商货款账期等工作。加强行业自律，共同抵制"网络水军""黑公关"等网络乱象。另外，中央第四指导组开展专题调研座 谈，要求切实规范新能源汽车产业竞争秩序。 2、工信部总工程师谢少锋指出，近期陆续发布新一轮钢铁、有色金属、石化、建材等十大重点行业稳增长工作方案。还将印发 机械、汽车、电力装备等行业稳增长工作方案，以及汽车行业数字化转型实施方案。 3、欧盟成员国正式批准对俄罗斯第18轮制裁方案，首次对俄罗斯石油公司在印度的最大炼油厂实施制裁。此轮制裁还包括禁止 "北溪"天然气管道相关活动、降低石油价格上限至47.6美元等。 4、雅鲁藏布江下游水电工程开工仪式在西藏自治区林芝市举行。中共中央政治局常委、国务院总理李强出席开工仪式，并宣布 工程正式开工。工程主要采取截弯取直、隧洞引水的开发方式，建设5座梯级电站，总投资约1.2万亿元。工程电力以外送消纳 为主，兼顾西藏本地自用需求。中国雅江集团有限公司成立大会在京举行，中共中央政治局委员、国务院副总理张国清出席并 为公 ...

比特币短线走高，一度站上119000美元/枚，日内涨1.50%。 ...

聚焦重点行业，《报告》提及数字文娱出海势头不减，并不断拓展与线下的融合，为国内文旅市场增加 新动力。在网络文学方面，2024年网络文学出海市场规模超50亿元，培育海外网络作家46万名，海外用 户规模超3.5亿，覆盖全球200多个国家和地区，其中日本市场用户规模激增180%，成为全球用户增速 最快的新兴市场。 与此同时，生成式人工智能产品也在加速落地。《报告》显示，2025年上半年，生成式人工智能产品实 现了从技术到应用的全方位进步，产品数量迅猛增长，应用场景持续扩大。截至3月，共有346款生成式 人工智能服务在国家互联网信息办公室完成备案。 《报告》还指出，生成式人工智能技术不断向具体应用场景纵深渗透。用户方面，截至6月，用户利用 生成式人工智能产品回答问题的比例最高，达80.9%。产业方面，2024年我国人工智能产业规模突破 7000亿元，连续多年保持20%以上的增长率。 《报告》认为，国产人工智能产品不仅在千亿级参数规模、多模态能力等方面实现突破，并与办公协 同、教育普惠、工业设计、内容创作等场景深度融合，构建了覆盖多个领域的智能应用生态。 南都讯 记者李玲 截至6月，我国网民规模达11.23亿人，互联网 ...

1、资产所有权凭证的发行：ADR作为股票的替代交易工具，赋予了持有者享有与基础股票相同的权益，如分红、投票权等。同样，稳定币发行机构通过发 行数字凭证，代表了持有者对储备资产（如法币、国债）的所有权。 2、双层中介架构的构建：ADR的发行依赖于存托银行与保管银行的协作，其中存托银行负责发行ADR，而保管银行则托管基础股票。稳定币领域同样采用 了类似的双层架构，发行方（如Tether、Circle）与储备资产托管方（如贝莱德）共同确保资产的背书与凭证的合法发行。 据区块链周刊介绍，全球领先的稳定币发行商Circle自2025年6月5日正式在纽约证券交易所挂牌上市，它的发行价定为每股31美元。上市初期，Circle股价展 现出强劲的增长势头，在短短12个交易日内，股价攀升至历史高点299美元。 截至7月18日收盘，Circle股价报收于223.78美元，相较于发行价实现了622%的显著增长，公司总市值逼近500亿美元大关。尽管近期股价已从峰值有所回 落，调整幅度达到25%，但市场分析师指出，Circle的稳定币业务仍面临诸多不确定性与潜在风险。 稳定币作为一种创新的加密货币形态，其核心特征在于与法定货币（法币）的 ...

Core Insights - The express delivery business in China surpassed 1 trillion packages by July 9, 2025, highlighting the immense domestic demand and the increasing penetration of e-commerce [1] - Hanprint has emerged as a key player in the express label printing industry, capturing a significant market share with 30% of express labels printed on its devices [1][5] - Hanprint's success is attributed to its advanced technology and system solutions, enabling it to achieve the top sales position in the express label printer market in 2024 [3][5] Industry Overview - The express delivery sector is characterized by rapid growth, with the logistics digitalization process being driven by efficient data flow facilitated by express labels [1][6] - The role of express label printers has evolved from simple tools to intelligent nodes within the logistics IT ecosystem, requiring high performance and reliability [6][7] - Hanprint's devices are integrated into a complex logistics IT system, addressing challenges such as data integration and rapid order processing during peak times [6][7] Company Performance - Hanprint has been recognized as the leading brand in the express label printer market, with its devices being crucial in the logistics industry's efficiency [5][19] - The company has also achieved top sales in portable A4 printers and domestic instant cameras, indicating its potential to become a leading brand in the printing industry [2][5] - Hanprint's self-developed thermal printer core has reached a global market share of 30%, showcasing its manufacturing capabilities and quality assurance [13][17] Technological Advancements - Hanprint's flagship product, the HM-A300E, features advanced connectivity options and high durability, making it suitable for various industries [10][20] - The company's printers utilize direct thermal imaging technology, which reduces consumable costs and is ideal for high-frequency printing scenarios [12][13] - Hanprint is transitioning from a hardware manufacturer to a platform service provider, enhancing its ecosystem through open SDKs and APIs for better integration with various systems [17][18] Industry Standards and Future Outlook - Hanprint has played a significant role in establishing industry standards, contributing to the development of the first comprehensive industry standard for electronic label printers in China [19] - The company's efforts in standardization aim to elevate the overall technical and service levels within the industry, promoting a collaborative upgrade of the logistics digital ecosystem [19] - Hanprint's dual expansion strategy into both B2B and B2C markets signifies its commitment to redefining the printing landscape and driving innovation in the industry [20]

（原标题：投顾观市：关键一周，A股能周线五连阳吗？） 其次，从时间周期的角度来看，彭根自三连阳的最低点开始计算，从阶段的最低点这一天起，到今天为 止，如果假设今天市场能够创新高，那么今天将是自低点以来的第21个交易日。而21是一个典型的斐波 那契变盘数字，市场在这一天出现关键性的变盘、形成拐点的可能性是非常大的，因此，从时间窗口的 角度分析，即使今天市场形成阶段性的高点，投资者也需要警惕这种时间窗口上可能出现的变盘风险。 再从上证指数的周线图来分析，彭根认为924行情其实是一个大型的双底突破行情，双底的颈线位置突 破之后，市场拉出了一个1:1等长的结构。但是，即使是像924行情这样强势的大双底结构，在突破之 后，也经历了多次回踩确认的过程。例如，第一次回踩后拉高，第二次回踩颈线后再次拉高，第三次回 踩颈线后才开启了这一轮气势磅礴的拉升行情。彭根表示，即使是如此强势的行情，最终都要回踩颈线 位置进行确认，那么当前A股市场，从周线级别来看，也可以被视为一个大双底的结构。而双底结构的 颈线位置大约在3420点附近，市场在突破之后，很有可能会回踩颈线位置的支撑，然后再展开新一轮的 主升浪行情，从而突破去年10月8日的 ...

Core Insights - The concert "Time-Space Poetry Journey" by the legendary Chinese music group Shui Mu Nian Hua successfully showcased the integration of digital immortality, metaverse interaction, and artificial intelligence technology, marking a milestone in the reconstruction of live music experiences [1][11]. Technological Breakthroughs - The concert utilized high-precision AI motion capture technology to create digital avatars of the four musicians, preserving their vocal characteristics and performance styles while allowing for real-time learning of new interactive modes [4][11]. - MarsX's unique "Time-Space Folding" engine enabled the creation of a 360° cyber island stage, allowing audiences to switch between surreal scenes like volcanic lava and deep-sea auroras, enhancing the immersive audio-visual experience [6][11]. Emotional Resonance - The concert featured 15 iconic songs that resonate with a generation's memories, creating a unique farewell ceremony that redefined emotional permanence through digital immortality technology [9][11]. Industry Implications - This concert exemplified a paradigm shift in the music industry from physical spaces to digital ecosystems, representing a transformation from "offline alternatives" to "independent digital cultural products" [11][13]. - It aligns with national cultural digitalization strategies and serves as a demonstration of technology empowering culture, showcasing the trend of immersive experience upgrades driven by AI algorithms and 3D modeling [11][13]. Cultural Integration - The concert's core value lies in transcending traditional concert limitations, achieving intergenerational emotional connections while exploring new paths for "technology + culture" integration in the industry [13][15]. - The immersive experience, lasting one hour, concluded with the song "A Lifetime with You," symbolizing the connection of thousands of digital avatars witnessing the ascent of starlight into the metaverse [13][15].

央广网北京7月21日消息 据中央广播电视总台中国之声《新闻和报纸摘要》报道，习近平总书记强 调，要大力发展数字经济，促进数字经济和实体经济深度融合，打造具有国际竞争力的数字产业集群。 各地加快推进数字产业化和产业数字化。今年上半年，我国数字经济快速发展，数字经济核心产业 增加值占国内生产总值比重达到10%左右，数字经济动能持续增强。 6月中旬，我国千比特超导量子计算测控系统已在安徽合肥等地正式交付使用。这一系统是服务 于"祖冲之三号"量子计算机的核心设备，将为多家科研机构及产业单位提供测控服务。 安徽省量子信息工程技术研究中心主任唐世彪：我们这一代产品比以前的产品集成度差不多提升了 10倍。目前的技术方向肯定要出现一个革命性的变革，所以我们把芯片做好、集成度做强，才有可能实 现未来万比特、百万比特（的效能）。 近年来，我国牢牢牵住数字关键核心技术自主创新这个"牛鼻子"，数字技术创新与应用成果不断涌 现，集成电路、基础软件、工业软件等技术的协同攻关力度持续加大，量子计算、人工智能等关键领域 展现出强劲竞争力。 重庆两江数字经济产业园内，数千家工业软件、新兴平台软件企业汇聚起产业发展的强大动能。 重庆两江新区产业 ...

证券研究报告 | 行业周报 2025 年 07 月 21 日 非银行金融 两融规模有望破前高，券商、金融 IT 波动前行-非银周观点 从近期市场交易定价看，公募考核新规基准回补效应持续引发市场关注，市 场量能有所放大，银行、保险板块高位波动，券商、多元金融板块波动震荡。 我们判断，7 月后国内外大事将迎来密集交织期，宏大叙事或是决定市场可 能进一步走强的关键因素，券商为代表的非银金融有望波动突破。交易节奏 而言，市场可能要阶段性聚焦内部问题，包括去产能或推动 PPI 修复，具体 或要看包括 7 月份的政治局会议定调，以及 4 中全会等重磅会议。并购线建 议重点关注以信达证券、首创证券、浙商证券、国联民生、中国银河等为代 表个股；具有估值扩张空间的公司，推荐关注综合能力强、风险资本指标优 化、受益 ETF 发展的华泰证券、中金公司等；同时从赔率弹性角度，建议逢 低关注布局金融 IT 板块，建议重点关注财富趋势、同花顺、九方智投等；互 金平台建议关注东方财富、指南针等；持续关注稳定币效应，如胜利证券公 告 2025H1 中期业绩预告扭亏为盈主要系虚拟资产相关业务收益大幅增长。 十年期国债收益率在 1.66%附近波 ...

Core Insights - In the first half of the year, Beijing saw a significant increase in newly established institutions, reaching 176,800, a year-on-year growth of 17.64%, marking a four-year high [1] - The growth is driven by the production service industry and digital economy, with cultural and elderly care industries also showing steady growth, contributing to the high-quality development of the capital's economy [1] Digital Economy and Core Industries - The number of newly established institutions in the digital economy and core industries reached 10,900, with a year-on-year increase of 53.92% [2] - The digital technology application sector accounted for 62.51%, with software development and IT services growing by 190.72% and 40.59% respectively, contributing 81.3% to the city's digital economy growth [2] - The new institutions in internet platforms, wholesale and retail, and digital content and media totaled over 2,500, with a growth of 48.17% [2] - The suburban areas (including Fangshan, Shunyi, Changping, Daxing, and Beijing Economic-Technological Development Area) saw 4,700 new institutions, a growth rate of 78.03%, representing 43.45% of the total new institutions in the digital economy [2] Elderly Care Industry - The elderly care industry established 81,400 new institutions, with a year-on-year growth of 22.5%, surpassing the city's average growth rate by 4.86 percentage points [3] - Institutions focused on elderly technology and smart elderly care services accounted for 66.02% of the total, with smart elderly care services growing by 96.08% [3] - Suburban areas contributed 34,100 new institutions, making up 41.86% of the total, with a growth rate of 46.43% [3] Production Service Industry - The production service industry saw 106,100 new institutions, with a year-on-year growth of 18.49%, leading among all sectors [4] - Key areas such as research and design, business services, and information services accounted for over 80% of the new institutions, with several sub-sectors growing over 30% [4] - Suburban areas emerged as a new growth point with 43,500 new institutions, a growth of 41.94%, representing over 40% of the total [4] Cultural and Related Industries - The cultural and related industries established 20,400 new institutions, with a year-on-year growth of 12.77%, continuing to improve from the first quarter [5] - Content creation and production institutions accounted for 69.71% of the total, with a growth rate of 103.56% driven by cultural tourism integration funds and performance investment platforms [5] - Suburban areas experienced a growth rate of 35.37%, while central urban areas accounted for 44.03% of the new cultural institutions [5]