作为LG2507合约交割量最大的车板交割场所，太仓鑫海港口开发有限公司总计完成交割425手。该公司 副总经理胡文强告诉记者，鑫海码头协调商务、仓储、生产等部门联合组建工作专班，为每笔交割配备 专人全程跟进，提前确认手续、数量、场地等信息，制定预排计划，确定作业人员、设备和堆场，对突 发情况积极协调各方现场解决，确保交割各环节无缝衔接、现场安全有序。特别是自7月中旬起，在高 温天气下，鑫海码头连续日均交割量达30手，交割效率达20分钟/手，以零差错助力原木期货LG2507合 约圆满完成交割，在积累宝贵经验的同时赢得了客户的广泛认可。 中理检验有限公司大宗产品线副总经理崔明君表示，原木期货有严谨完善的交割质量标准和流程。相较 传统的原木现货贸易，期货交割的质量检验严格遵循国标统一化理念，打破了"一把尺子量到底，一套 尺码抄到底"的固有市场惯例，为买卖双方提供了公开透明的标准，有利于增进互信互利。此外，原木 期货交割质检还引入了"机器检尺"这一数字化、智能化检验手段，保证了质检结果客观、公平、公正、 可追溯，有利于促进贸易标准化、规模化、高效化开展。今后，中理检验将继续携专业团队和智能设备 为原木期货交割保驾护航。 ...

Core Viewpoint - Despite a strong rebound in the U.S. stock market following a 25% decline earlier this year, short positions in the S&P 500 and Nasdaq 100 indices continue to rise, indicating that investors may be employing a contrarian strategy to hedge risks or express doubts about the sustainability of the recovery [1] Group 1: Short Position Trends - According to S3 Partners, the short position in the S&P 500 has increased from 5.4% at the beginning of the year to 5.8% [1] - The short position in the Nasdaq 100 has expanded from less than 5.2% to approximately 6.1% [1] Group 2: Market Performance Comparison - The S&P 500 index has seen a year-to-date increase of only 6%, which is significantly lower than the average gains of 15%-20% in major global markets [1] - S3 Partners highlights that only a few major global indices have underperformed the S&P 500, contributing to its lagging growth compared to the global average [1]

当下，美国正深陷"关税—通胀—衰退"三角困局。在这个历史 转折点上，中国打出的这张牌可谓中美博弈下的政策组合拳 ——它是一次有力度的"宽信用+对冲风险"组合。 作者：欧阳晓红 封图：图虫创意 非常时期非常政策。 当美联储主席鲍威尔在华盛顿反复强调"需要更多数据"，而人民币汇率在"五一"假期表现出足够 的底气时，中国央行率先出手，宣布"双降"（降准与降息），宽松政策先于美联储落地。 5月7日，国务院新闻办公室举行新闻发布会，中国人民银行、国家金融监督管理总局（下称"金融 监管总局"）、中国证券监督管理委员会三大金融管理部门联合发布"一揽子金融政策支持稳市场稳 预期"的措施。 中国人民银行宣布，下调政策操作利率10个基点，下调再贷款利率0.25个百分点，下调个人住房公 积金贷款利率0.25个百分点，将科技创新与技术改造再贷款额度从5000亿元提升至8000亿元，设 立5000亿元"服务消费与养老再贷款"等10项增量政策。 这10项政策可归为三大类：一是数量型政策，通过降准等措施，直接增加流动性供应，降低存款 准备金率0.5个百分点，预计将向市场提供长期流动性约1万亿元；二是价格型政策，7天期逆回购 利率下调10个 ...

Group 1 - The People's Bank of China (PBOC) has implemented a "double reduction" policy, which includes a cut in the reserve requirement ratio and interest rates, ahead of the Federal Reserve's actions, indicating a proactive approach to monetary policy [1][2] - The PBOC announced a 10 basis point reduction in policy operation rates and a 0.25 percentage point cut in both the re-lending rate and the personal housing provident fund loan rate, alongside increasing the re-lending quota for technological innovation from 500 billion to 800 billion yuan [2][3] - A total of ten new policies were introduced, categorized into three types: quantity-based policies to increase liquidity, price-based policies to lower funding costs, and structural policies to support key sectors such as technology and consumption [2][3] Group 2 - The financial regulatory authorities in China are set to introduce eight new policies aimed at adapting financing systems to new real estate development models and supporting small and micro enterprises [3][4] - The China Securities Regulatory Commission (CSRC) is focusing on stabilizing the market and promoting long-term capital inflow, with measures including enhancing operations by the Central Huijin Investment Ltd. and reforming the Sci-Tech Innovation Board [3][4] - The coordinated efforts of the three major financial management departments reflect a break from previous market concerns regarding delayed or hesitant policy responses [3][5] Group 3 - The current economic environment in the U.S. is characterized by a "tariff-inflation-recession" triangle, which is challenging the independence of monetary policy and creating initial cracks in the dollar's hegemonic foundation [5][6] - The Chinese government's recent policy measures are seen as a strategic move in the context of U.S.-China economic negotiations, aiming to create a "policy buffer" ahead of high-level talks [6][7] - The A-share market responded positively to the policy announcements, indicating market confidence in the measures taken, although the reaction was more rational compared to previous policy-induced exuberance [6][7]