Group 1: Market Performance - A-shares opened lower but ended slightly higher, with the Shanghai Composite Index up 0.02% at 3473.13 points[1] - The Hong Kong Hang Seng Index closed down 0.64% at 23916.06 points, with the Hang Seng Tech Index down 0.33%[1] - The total market turnover in Hong Kong decreased to 1937.904 million HKD[1] Group 2: Trade and Tariff Developments - Trump announced new tariffs of 25% on Japanese and South Korean goods, with rates of 36% for Thailand and Cambodia, effective August 1[12] - The EU is seeking to finalize a framework trade agreement with the US by the end of the week to avoid a potential increase in tariffs[12] - China is reportedly considering expanding the "Southbound Bond Connect" to non-bank financial institutions, with an additional quota of up to 500 billion RMB[12] Group 3: Economic Indicators - China's foreign exchange reserves stood at $3313.00 billion in June, showing a slight increase from $3285.26 billion[17] - China's PPI year-on-year for June was reported at -3.3%, while CPI remained unchanged at -0.1%[17] - The M2 money supply growth rate for June was 7.9%, down from 8.2% in May[17]

每10张"银信转债"（面值1,000元）利息为25.00元（含税）。 第五年2.5%、第六年3.5%。 前买入并持有本期债券的投资者享有本次派发的利息，2025年7月14日卖出本期债券 的投资者不享有本次派发的利息。 证券代码：300231 证券简称：银信科技 公告编号：2025-035 债券代码：123059 债券简称：银信转债 北京银信长远科技股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 经中国证券监督管理委员会《关于核准北京银信长远科技股份有限公司公开发 行可转换公司债券的批复》 （证监许可【2020】1015号）核准，北京银信长远科技股 份有限公司（以下简称"公司"）于2020年7月15日公开发行了391.40万张可转换公 司债券，每张面值100元，发行总额为人民币39,140.00万元。 经深圳证券交易所"深证上【2020】684号"文同意，公司可转换公司债券于2020 年8月12日起在深圳证券交易所上市交易，债券简称"银信转债"，债券代码"123059"。 根据《北京银信长远科技股份有限公司创业板公开发行可转换公司债券募 ...

Group 1 - The Chinese government is promoting the construction of an inclusive childcare service system, aiming to establish a "1+N" childcare service network by 2025, with a target of 4.5 childcare spots for every 1,000 people under three years old and an addition of 660,000 inclusive childcare spots [2] - The new measures announced by the Hong Kong Monetary Authority and the People's Bank of China include expanding the range of participating institutions in the Bond Connect program, which will enhance the offshore RMB bond repurchase business [3] - In June, the retail sales of new energy passenger vehicles reached 1.111 million units, marking a year-on-year increase of 29.7% and a month-on-month increase of 8.2%. Cumulatively, 5.468 million units were sold in the first half of the year, reflecting a growth of 33.3% [3] Group 2 - The Australian government has maintained its benchmark interest rate at 3.85%, with market expectations for a 25 basis point cut, indicating a cautious outlook on economic conditions [4] - The number of corporate bankruptcies in Japan reached 4,990 in the first half of the year, a year-on-year increase of 1.19%, marking the highest number for the first half of the year in nearly 11 years [4]

Group 1 - The core announcement is about the adjustment of the conversion price for the exchangeable bonds issued by the controlling shareholder, Shanxi Coking Coal Group [1][2] - The controlling shareholder issued the bonds on July 27, 2023, with a total scale of 2.5 billion yuan and a maturity of 3 years at a coupon rate of 0.01% [1] - The initial conversion price was set at 10.62 yuan per share, which has been adjusted to 9.82 yuan per share [1][2] Group 2 - Following the profit distribution plan for 2024, the company announced a cash dividend of 2.2 yuan per 10 shares, with the record date on July 10, 2025, and the ex-dividend date on July 11, 2025 [2] - The conversion price for the bonds will be adjusted from 9.82 yuan to 9.60 yuan per share effective from July 11, 2025, based on the formula provided in the bond issuance prospectus [2]

Group 1 - The company, Yoantion Industrial Inc., has issued convertible bonds totaling RMB 28,646.70 million, with a net fundraising amount of RMB 28,116.70 million after deducting underwriting fees [1][11][12] - The bonds have a maturity period of 6 years, from August 16, 2024, to August 15, 2030, with an annual interest rate starting at 0.50% in the first year and increasing to 0.70% in the second year [1][3][11] - The initial conversion price for the bonds is set at RMB 23.25 per share, with provisions for adjustments based on various corporate actions [3][4][5] Group 2 - The company reported a significant increase in net profit, reaching RMB 4,835.74 million in 2024, a 164.10% increase compared to the previous year [11][12] - Total revenue for the company in 2024 was RMB 61,638.28 million, reflecting a 26.31% growth from RMB 48,798.72 million in 2023 [11][12] - The company has a total of 138 patents, including 11 invention patents, indicating strong research and development capabilities [11][12] Group 3 - The funds raised from the bond issuance are intended for investment in high-end printing and dyeing equipment manufacturing projects, with a total investment requirement of RMB 31,123.46 million [10][12] - The company has established a dedicated account for the management of the raised funds, ensuring strict compliance with regulatory requirements [12] - As of December 31, 2024, the company had a balance of RMB 91,550,198.16 in its fundraising account, indicating effective fund management [12]

端在期货 | 7月09日 22:00 美国5月批发销售月率 | | | --- | --- | | 重点关注 | 7月10日 02:00 美联储公布货币政策会议纪要 20:30 美国至7月5日当周初请失业金人数 | | 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 备注：T为10年期国债期货，TF为5年期国债期货，TS为2年期国债期货 | | | 研究员： | 廖宏斌 期货从业资格号F30825507 期货投资咨询从业证书号Z0020723 | 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完 整性不做任何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否 符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。 如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 国债期货日报 2025/7/8 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- ...

Core Viewpoint - BlackRock Investment Institute upgraded the rating of European government bonds from slightly underweight to neutral, citing the attractiveness of eurozone bonds compared to U.S. Treasuries [1] Group 1: Investment Outlook - The institute believes that eurozone government bonds and credit markets offer more attractive yields than U.S. bonds [1] - The increase in term premium has brought yields closer to the institute's expected levels [1] Group 2: Economic Context - Persistent inflation in the U.S. prevents the Federal Reserve from significantly lowering interest rates [1] - The large scale of the U.S. fiscal deficit may lead investors to demand higher returns for holding long-term U.S. Treasuries [1] Group 3: Regional Preferences - Within the eurozone, BlackRock favors bonds from non-core members such as Italy and Spain [1]

Group 1 - The majority of U.S. Treasury yields rose slightly, with the 2-year yield at 3.905%, the 10-year yield at 4.399%, and the 30-year yield at 4.94% [1] - A joint report from the New York and San Francisco Federal Reserves indicates a possibility of the Federal Reserve setting short-term interest rates close to zero in the coming years, despite currently high short-term borrowing costs [1] - Federal Reserve Chairman Jerome Powell mentioned the possibility of interest rate cuts as early as this month, depending on evolving data [1] Group 2 - Canadian bond yields increased across the board, with the 1-year yield at 2.655%, the 10-year yield at 3.402%, and the 30-year yield at 3.699% [2] - European bond yields showed slight fluctuations, with the 10-year German yield at 2.641%, the 10-year Italian yield at 3.552%, and the 10-year French yield at 3.354% [2] - UK bond yields experienced minor fluctuations, with the 2-year yield at 3.866%, the 10-year yield at 5.577%, and the 30-year yield at 5.389% [2] Group 3 - Japanese Prime Minister Shigeru Ishiba expressed regret over the latest tariff statement and emphasized ongoing negotiations with the U.S. government [3] - Long-term Japanese bond yields mostly rose, with the 10-year yield at 1.49% and the 30-year yield at 3.076% [3] - The Japanese Ministry of Finance issued 5-year bonds with a demand ratio of 3.54 times, indicating average market demand [3] Group 4 - Investor sentiment was cautious due to tariff tensions, leading to a sell-off in U.S. Treasuries and rising yields [4] - President Trump announced that starting August 1, imports from at least 14 countries will face high tariffs, contributing to the sell-off [4] Group 5 - The Reserve Bank of Australia maintained its policy rate at 3.85%, indicating a need for more time to assess inflation data [6] - Australian bond yields initially rose significantly before partially retreating, with the 10-year yield at 4.269% after the policy announcement [6] - Australia's inflation rate for May was reported at 2.1%, the lowest since October 2024, down from 2.4% in the first quarter [6] Group 6 - The U.S. Treasury plans to issue $158 billion in three bond offerings, including $50 billion in 6-week and 52-week bills, and $58 billion in 3-year bonds [6]

证券代码：688680 证券简称：海优新材 （以下简称"《管理办法》"） 转债代码：118008 转债简称：海优转债 上海海优威新材料股份有限公司 向不特定对象发行可转换公司债券 第一次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年七月 重要声明 本报告依据《公司债券发行与交易管理办法》 《上 海海优威新材料股份有限公司向不特定对象发行可转换公司债券之债券受托管 理协议》（以下简称"《受托管理协议》"）《上海海优威新材料股份有限公司向不 特定对象发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）等相关 公开信息披露文件、第三方中介机构出具的专业意见等，由本期债券受托管理人 中信建投证券股份有限公司（以下简称"中信建投证券"）编制。中信建投证券 对本报告中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等 引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为中信建投证券所作的 承诺或声明。在任何情况下，投资者依据本报告所进行的任何作为 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of the convertible bond issued by Shenzhen Xince Standard Technology Service Co., Ltd., which has seen a price increase and provides specific financial metrics related to its bond and stock conversion features [1] - The convertible bond, known as Xince Convertible Bond, has a credit rating of "AA-" and a maturity period of 6 years with increasing interest rates from 0.20% in the first year to 2.50% in the sixth year [1] - The bond's conversion price is set at 18.22 yuan, with the conversion period starting on May 15, 2024, allowing bondholders to convert their bonds into common stock of the company [1] Group 2 - For the first quarter of 2025, Xince Standard reported an operating revenue of 166.1 million yuan, reflecting a year-on-year decline of 8.04%, and a net profit attributable to shareholders of 37.14 million yuan, down 9.48% year-on-year [2] - The concentration of shareholding is relatively high, with the top ten shareholders holding a combined 55.44% of shares, while the top ten circulating shareholders account for 37.91% [2] - As of March 2025, the number of shareholders is approximately 18,210, with an average circulating shareholding of 6,003 shares and an average holding amount of 152,000 yuan [2]