资料显示，5G通信ETF（515050），跟踪中证5G通信主题指数，深度聚焦英伟达、苹果、华为产业 链，覆盖了多个AI算力、6G、消费电子、半导体、PCB、通信设备、服务器、光模块、物联网等细分 行业的龙头个股。相关ETF全称：华夏中证5G通信主题ETF（515050），场外联接（A类：008086；C 类：008087）。 追求更高弹性可关注创业板人工智能ETF华夏（159381），跟踪创业板人工智能指数，选取创业板上市 的AI主业公司，日内涨跌幅限制为±20%。目前年管理费率为0.15%，托管费率为0.05%，场内综合费率 在可比基金中最低。行业分布上，指数光模块权重超33%，成分股囊括中际旭创、新易盛、天孚通信、 北京君正、全志科技、软通动力、光环新网、网宿科技、深信服等行业龙头公司。 据报道，英伟达CEO黄仁勋将参加第三届中国国际供应链促进博览会（以下简称链博会），并于16日会 见媒体。在会上，其将介绍英伟达的新产品，并重申对中国市场的长期承诺，英伟达最快将于今年9月 推出专为中国市场定制的新版AI芯片。 信达证券表示，H20 重启或驱动供应链业绩提升，前期悲观预期有望得到修复。H20作为英伟达面向中 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On July 16, industrial silicon showed a weak oscillation. The main contract 2509 closed at 8,685 yuan/ton, with an intraday decline of 0.91% and a decrease in open interest by 16,085 lots to 379,800 lots. The reference price of industrial silicon spot from Baichuan was 9,111 yuan/ton, up 173 yuan/ton from the previous trading day. The price of the lowest deliverable 421 silicon rose to 8,700 yuan/ton, with a spot premium of 30 yuan/ton. Polysilicon showed a strong oscillation. The main contract 2508 closed at 42,945 yuan/ton, with an intraday increase of 1.5% and an increase in open interest by 1,962 lots to 71,783 lots. The price of N-type recycled polysilicon material rose to 44,550 yuan/ton, and the price of the lowest deliverable silicon material rose to 43,500 yuan/ton. The spot premium over the main contract narrowed to 555 yuan/ton [2]. - Market news indicates that Xinjiang may cancel subsidized electricity prices, and large - scale production cuts may not be restarted. As the cost of industrial silicon increases, its price continues to recover. However, there are many differences in the market, the overall transmission is limited, and it is difficult to continue to rise sharply. It is advisable to mainly short at the upper edge of the range. Guided by policies, the confidence of the photovoltaic industry chain to support prices has increased, but the terminal demand has not improved, and the market transactions are almost stagnant. The futures follow the spot price and are more based on the logic of speculative demand trading. In the short term, there are a lot of true and false news in the market, the volatility of the market increases, and the risk of chasing up rises [2]. 3. Summary by Relevant Catalogs 3.1 Daily Data Monitoring - **Industrial Silicon**: The futures settlement price of the main contract decreased from 8,765 yuan/ton on July 15 to 8,680 yuan/ton on July 16, a decrease of 85 yuan/ton. The price of most spot varieties increased slightly, such as the price of non - oxygenated 553 silicon in East China rising from 8,900 yuan/ton to 8,950 yuan/ton. The lowest deliverable price remained unchanged at 8,700 yuan/ton, and the spot premium changed from - 60 yuan/ton to 30 yuan/ton. The industrial silicon warehouse receipts decreased by 43 tons, and the total social inventory decreased by 4,800 tons [4]. - **Polysilicon**: The futures settlement price of the main contract increased from 42,470 yuan/ton on July 15 to 42,945 yuan/ton on July 16, an increase of 475 yuan/ton. The spot prices of various types of polysilicon remained unchanged. The lowest deliverable price remained at 43,500 yuan/ton, and the spot premium decreased from 1,030 yuan/ton to 555 yuan/ton. The polysilicon warehouse receipts remained unchanged, and the total social inventory increased by 0.3 million tons [4]. - **Organic Silicon**: The price of DMC in the East China market increased from 11,000 yuan/ton to 11,200 yuan/ton, and the price of dimethyl silicone oil increased from 12,000 yuan/ton to 14,000 yuan/ton, while the prices of other organic silicon products remained unchanged [4]. - **Downstream Products**: The prices of silicon wafers and battery cells remained unchanged. The inventory of industrial silicon decreased, while the inventory of polysilicon increased [4]. 3.2 Chart Analysis - **Industrial Silicon and Cost - side Prices**: Charts show the prices of different grades of industrial silicon, grade price differences, regional price differences, electricity prices, silica prices, and refined coal prices [5][7][11]. - **Downstream Product Prices**: Charts display the prices of DMC, organic silicon products, polysilicon, silicon wafers, battery cells, and components [12][15][17]. - **Inventory**: Charts present the inventory of industrial silicon futures, factory warehouses, weekly industry inventory, weekly inventory changes, DMC weekly inventory, and polysilicon weekly inventory [20][23]. - **Cost and Profit**: Charts show the average cost and profit levels of main production areas, weekly cost - profit of industrial silicon, aluminum alloy processing industry profit, DMC cost - profit, and polysilicon cost - profit [26][28][33].

7月17日，南都记者从"网信中国"公众号获悉，网信部门持续开展"清朗·整治短视频领域恶意营销乱 象"专项行动，并通报一批典型案例。其中，"F0胡大"等账号利用AI技术等方式，冒用他人身份，借机 吸粉引流营销，被关闭账号。南都曾起底"以AI造假起号引流"灰色产业链，揭露其幕后生意。 视频里，外表靓丽的外国女性正在用带着口音的普通话说出"金句"。她自称是一位来自俄罗斯的"思维 导师"。然而，僵硬的面部表情、丝滑流畅却情绪怪异的台词，种种迹象表明这是虚拟数字人，但有的 视频却并未进行标注。南都记者搜索发现，类似的视频账号还有许多，粉丝数少则数万，多则十余万。 有的账号橱窗上架不少商品。 "随便一条都是几百万的播放，变现能力也非常强，挂车卖书都能赚25万元。"博主王成（化名）擅长此 道，他向南都记者介绍，"这类型的视频，制作起来真的太简单了。用AI一键就可以生成，不用出镜剪 辑，人人都可以做。" 采写：南都记者 敖银雪 据通报，社交账号"F0胡大""两个娃儿妈妈""弟弟相伴相随"等，利用AI技术进行"换脸""换声""P图"，或 利用虚假昵称、头像、简介，冒用他人身份进行吸粉引流营销。相关账号已被依法依约关闭。 南都此 ...

7月17日-18日，中国—上海合作组织地方经贸合作大会在青岛·上合之珠国际博览中心召开。 中国—上海合作组织地方经贸合作大会，是深化区域多边合作的高级别战略平台，致力于推动上合组织 国家产业链供应链深度融合，促进地方间经贸互联互通与创新协同。 本届大会吸引境内外重磅嘉宾深度参与，境内106位核心嘉宾涵盖国家部委司局级领导、12个山东省直 部门主要负责人、9市党政负责人及央企、金融机构、省属龙头企业和科研机构代表；境外97位嘉宾包 括2位正部级官员、9位副部级官员、10国驻华使节及多国政府商界精英。 从嘉宾构成看，本届大会凸显三大"引力"特质： 一是层级引力。境外正副部级官员达11人，驻华大使级外交官15人；境内12个省直部门主要负责人参 会，9市主官率团共商合作，政企学研全链条参与格局显著。 二是领域引力。嘉宾覆盖能源、高端制造、数字经济、交通物流、金融等关键领域，产业链对接广度超 越往届。 三是地域引力。外宾来源国别涵盖哈萨克斯坦、乌兹别克斯坦等全部上合组织成员国及部观察员国、对 话伙伴国，达到20个国别，俄罗斯、中亚地区企业代表占比大，新兴市场合作动能持续强化。 作为中国担任上合轮值主席国的标志性活动，本 ...

Group 1 - The third China International Supply Chain Promotion Expo (referred to as "Chain Expo") opened in Beijing on July 16, showcasing 32 enterprises from Guangxi with a focus on traditional industries such as sugar, aluminum, and machinery equipment [1][3] - Guangxi's key production and supply chain display area covers over 300 square meters, featuring three main exhibition areas for the sugar industry chain, aluminum industry chain, and machinery equipment industry chain [1][2] - The expo aims to highlight Guangxi's cross-regional and cross-border production and supply chain layout, showcasing innovative green development achievements and promoting cooperation stories from local enterprises [1][2] Group 2 - The sugar industry ecological chain display area illustrates Guangxi's full industry chain layout from sugarcane planting to deep processing, featuring over 10 sugar products and showcasing circular economy and cross-industry integration results [2] - The aluminum industry display area features the latest research and development achievements in fields such as aerospace, new energy, semiconductors, and automotive, with over 20 competitive brand products on display [2] - The expo will host key industry chain matchmaking meetings to promote deep cooperation between Guangxi's industries and domestic and foreign enterprises, injecting new vitality into regional industrial development [2][3] Group 3 - The Chain Expo, running from July 16 to 20, attracted over 650 domestic and foreign enterprises and organizations from 75 countries and regions, with more than 65% of exhibitors being Fortune 500 and industry-leading companies [3] - Thailand is the guest country for this year's expo, while Shandong and Guangdong provinces are the guest provinces [3] - The event will release the "Beijing Initiative" and host several high-level meetings to explore new paths for international cooperation in industrial and supply chains [3]

Core Insights - Shandong Province is a major agricultural exporter in China, leading the nation in agricultural product exports with a total export value of 804.7 billion yuan in the first half of 2023, reflecting a growth of 3.5% [3][4] - The province has 21 brands included in the National Agricultural Brand Boutique Cultivation Program, the highest in the country, and 171 brands listed under the "Good Products Shandong" brand [3] Export Performance - The main categories of agricultural exports, including vegetables, seafood, and fruits, have shown strong growth, with vegetable and edible fungus exports reaching 206.8 billion yuan (up 1%), seafood at 175.9 billion yuan (up 16%), and dried and fresh fruits and nuts at 50.3 billion yuan (up 20.1%) [3][4] - Ten out of 16 cities in Shandong reported positive growth in agricultural exports, with Zaozhuang and Weihai showing growth rates of 19.2% and 12.1%, respectively [4] Market Expansion - Exports to major markets such as Japan (161.9 billion yuan, up 2.2%), ASEAN (137.7 billion yuan, up 6.6%), and the EU (117 billion yuan, up 4.1%) have all increased [4] - Emerging markets have also seen significant growth, with exports to the Arab League, Africa, Central Asia, and India growing by 28.1%, 33.8%, 38.5%, and 32.6%, respectively [4] Business Dynamics - A total of 6,082 enterprises engaged in agricultural exports were recorded, an increase of 522 from the previous year, with private enterprises accounting for 5,527 of these, contributing 644.6 billion yuan in export value [4][5] - The provincial government is focused on enhancing the agricultural value chain and promoting deep integration of agricultural production and processing, which has led to a continuous increase in agricultural export value for 26 years [5][6] Value Addition - The average export price of dried garlic reached 24.3 yuan per kilogram, significantly higher than the 9 yuan per kilogram for fresh garlic, indicating a successful strategy in increasing the value of agricultural products [5] - The government is implementing measures to facilitate agricultural exports, including promoting AEO certification for food processing enterprises and providing support for companies entering international markets [5][6]

Group 1 - The furniture industry in Nankang District, Ganzhou, has a production value exceeding 280 billion yuan, leveraging the China-Europe Railway Express for global trade [1][2] - The transportation time for timber imports has been reduced from three months to 14 days, with logistics costs decreasing by 18% due to innovative transport modes [1][2] - Nankang has become the largest solid wood furniture manufacturing base in China, with over 10,000 furniture companies and more than 500,000 employees [2] Group 2 - The intelligent production lines in Nankang can fulfill customized orders efficiently, completing a 500,000 yuan order in just three days [2] - The Nankang International Land Port has facilitated the export of furniture to 19 countries, with overseas orders exceeding 5 billion yuan [2] - The total number of China-Europe (Asia) trains operated from the Nankang International Land Port has surpassed 1,600, covering over 100 cities in more than 20 countries [3]

Group 1 - The third China International Supply Chain Promotion Expo (referred to as "Chain Expo") opened in Beijing on July 16, featuring 9 enterprises from four major industrial chains: advanced manufacturing, clean energy, health living, and green agriculture, covering a total exhibition area of 708 square meters [1] - The Chain Expo is the first national-level exhibition themed on supply chains and has successfully held two sessions in 2023, contributing positively to building a safer, more stable, and open global industrial supply chain [1] - This year's Chain Expo includes six major chains: advanced manufacturing, clean energy, smart automotive, digital technology, health living, and green agriculture, along with a supply chain service exhibition area [1] Group 2 - The Inner Mongolia Trade Promotion Association held a "Linking Inner Mongolia" economic and trade negotiation meeting, where several companies signed agreements, including partnerships between Erdos Zhaojia Technology Co., Ltd. and Carl Zeiss (Shanghai) Management Co., Ltd. [2] - Inner Mongolia Yili Industrial Group Co., Ltd. hosted the "China Milk Quality Leading" event, launching China's first dairy supply chain quality convention and releasing two significant reports on the high-quality development strategy of the dairy supply chain [2] - Inner Mongolia has participated in the Chain Expo for three consecutive years, with the addition of the health living chain this year, showcasing advancements in medical technology in minimally invasive surgery [3]

Domestic Market Overview - The domestic market experienced slight declines with the Shanghai Composite Index closing at 3503.78 points, down 0.03%, and the Shenzhen Component Index at 10720.81 points, down 0.22% [1][4][9] - Among 30 sectors, 16 sectors saw gains, with automotive, consumer services, and pharmaceuticals leading the increases, while steel, banking, and construction faced significant declines [1][4][9] - The total trading volume for the A-share market was 146.17 billion yuan, showing a decrease compared to the previous day [1][4][9] Overseas Market Overview - The three major U.S. stock indices recorded slight gains, with the Dow Jones up 0.53%, S&P 500 up 0.32%, and Nasdaq up 0.25% [2][4] - Tesla's stock rose over 3%, while the majority of Chinese concept stocks declined, with Hesai Technology dropping over 9% [2][4] News Highlights - China aims to be a promoter of mutually beneficial global industrial and supply chains [3][11] - The Ministry of Commerce is working on implementing tax incentives for foreign investors reinvesting profits directly [3][12] - The "old-for-new" housing policy has been implemented in several cities, enhancing market activity [3][13] - Nvidia's CEO Jensen Huang emphasized the role of AI in transforming supply chains during a recent conference [3][14] - A memorandum was signed between China and Australia regarding the implementation and review of the China-Australia Free Trade Agreement [3][15] - Important global economic data was released [3][17] Market Drivers - The State Council held a meeting to discuss policies for strengthening domestic circulation and regulating the competition in the new energy vehicle industry [10] - A total of 3278 stocks rose while 1929 fell, indicating a technical adjustment after previous gains [10]

港股市场方面，国内政策预期升温，南向净流入增加，医药及汽车板块涨幅居前。海外方面，贸易磨擦 演绎路径波折反复，虽然短期资本市场对其敏感度有所下降，但后续仍需留意关税政策的演变以及对国 内增长动能的潜在拖累；此外美联储议息会议纪要显示降息路径仍呈现分歧。国内方面，6月CPI同比 转正，但PPI降幅走阔，出口链相关行业价格亦小幅走弱；供给侧政策与地产链政策预期有所升温。整 体看，目前内外宏观约束尚存，而港股流动性宽裕的中期逻辑未发生显著变化，但短期伴随热点板块出 现调整，指数层面波动率或将有所放大；不过中长期来看，面对外部环境的不确定性，我国正加速推进 内需对冲政策组合，形成多层次、全方位的政策体系，港股仍然有结构性想象空间。 分行业来看，互联网板块方面，xAI发布Grok 4模型，正式进入多模态、强化学习、多智能体协作并行 推进的新阶段，同时博通近期在策略会议中声明AI推理需求已进入快速放量阶段，且仍处于上升通道 初期，超出当前产能的需求增长，进一步印证人工智能投资持续加码的相关逻辑。 汽车板块方面，特斯拉、比亚迪等主机厂6月产销数据整体符合预期，进入7-8月行业淡季（叠加去年高 基数），市场对行业景气预期或有 ...