美国财政部长斯科特·贝森特最近在一场私人晚宴上闹出了大动静。这位平时在公众面前总是西装革履、谈吐得体的财政高官，竟然对联邦住房金融局局长 比尔·普尔特破口大骂，甚至扬言要动手。这场冲突像一颗炸弹，把特朗普政府内部长期积累的矛盾彻底引爆。 贝森特在公开场合一直以稳重形象示人。作为掌管国家财政大权的部长，他在经济政策讨论中总是条理分明，给人留下专业可靠的印象。但这次私下爆发的 火爆脾气，让外界看到了他鲜为人知的另一面。与他发生冲突的普尔特是特朗普团队中的活跃分子，凭借家族背景和社交媒体上的活跃表现，在政坛混得风 生水起，但这次显然踢到了铁板。 现年63岁的贝森特有着辉煌的职业生涯。他1962年出生于南卡罗来纳州，在金融圈摸爬滚打40余年，曾管理过索罗斯基金会的巨额资产，足迹遍布60多个国 家，与各国政商精英都有密切往来。2024年特朗普再次入主白宫后，立即提名他出任财政部长，并于2025年1月正式就任。在中美经贸谈判等重要场合，贝 森特都是美方的主要谈判代表，负责协调美国整体经济政策。他经常强调市场稳定的重要性，稳健的作风一度让人认为他能平衡特朗普团队中的激进派。但 这次事件暴露了他性格中冲动的一面，据悉他之前与 ...

Core Viewpoint - The central government-backed investment entity, Central Huijin, has significantly increased its holdings in ETFs, sending multiple positive signals to the market and contributing to market stability and investor confidence [1][2][3]. Group 1: Central Huijin's Actions - As of the end of June, Central Huijin and its subsidiaries held a total market value of 1.28 trillion yuan in stock ETFs, representing a nearly 23% increase from the end of last year, marking a historical high [1]. - Central Huijin has acted as a stabilizing force in the market, particularly during periods of significant volatility, by increasing its holdings and thereby supporting market confidence and value investment principles [1][2]. - The decisive actions taken by Central Huijin on April 7, in response to external negative factors affecting the A-share market, led to a quick stabilization of the index and initiated a slow bull market over the following five months [1][2]. Group 2: Impact on the Market - The stability of the capital market is directly related to economic and livelihood support, with Central Huijin's ETF purchases promoting a healthy and stable market environment for financing the real economy [1][2]. - Central Huijin's investments have significantly reduced market volatility and alleviated risks faced by some listed companies, such as those related to equity pledges [2]. - By signaling a long-term positive outlook for the A-share market, Central Huijin's actions are expected to inspire other institutional investors, enhancing their investment confidence and stabilizing their holdings during market fluctuations [2]. Group 3: Investment Returns and Market Structure - Through ETF investments, Central Huijin mitigates the risks associated with individual stocks while benefiting from overall market growth [2]. - The entity's focus on a basket of core A-share assets reflects a vote of confidence in the fundamentals of the Chinese economy and the overall quality of listed companies [2][3]. - Central Huijin's long-term investments are anticipated to yield good returns while preserving and increasing the value of state-owned assets, thus achieving multiple objectives of market stability and investment gains [3].

Group 1 - The China Securities Regulatory Commission (CSRC) has outlined seven key work priorities for the second half of the year, focusing on stabilizing the market, deepening reforms, enhancing regulatory effectiveness, and improving research on major capital market issues to better serve national strategies [1] - Current market stability is attributed to controlling long-term stock price fluctuations and maintaining predictable market responses to external shocks, with A-share indices remaining above 3500 points, indicating market resilience [1][2] - The regulatory body is working on mechanisms to consolidate market stability and expects a continuation of positive trends with the implementation of favorable policies [1] Group 2 - The core direction for the next reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market is to support technological innovation, allowing unprofitable companies with growth potential to access capital markets [2] - There is a need to bridge the gap between academic research and practical realities in capital market studies, promoting dialogue between academia and regulatory bodies to enhance policy-making effectiveness [2] - This approach aims to provide theoretical support for long-term market stability and better serve the needs of the national strategy, facilitating the transformation and upgrading of the real economy and technological innovation [2]

中新网7月21日电 综合美媒报道，美国财政部长斯科特·贝森特最近私下向美国总统特朗普建议不应该试 图解雇美联储主席鲍威尔，以免引起市场动荡。特朗普当地时间20日作出愤怒的回应，否认了相关内 容，并称"没有人比我更懂市场"。 贝森特还对特朗普表示，如果鲍威尔被解雇，那么拜登任命的美联储副主席菲利普·杰斐逊将暂时执掌 美联储，对特朗普将更为不利。 特朗普"愤怒"回应 据美国消费者与商业频道(CNBC)报道，特朗普当地时间20日对《华尔街日报》的报道做出了愤怒的回 应。 报道称，特朗普当天在其自创的社交媒体上发帖称，"《华尔街日报》今天刊登了一篇典型的不实报 道，称财政部长斯科特·贝森特向我解释说，解雇'太迟先生'杰罗姆·鲍威尔——有史以来最糟糕的联邦 储备(委员会)主席——会对市场不利。没人需要向我解释这个(问题)。没人比我更懂什么对市场有利， 什么对美国有利。" 特朗普还补充道："如果不是因为我，市场现在根本不会创下新高，可能早就崩盘了！所以，把你们的 消息搞清楚。别人不需要给我解释，(而是)我给他们解释！" 资料图：特朗普。 贝森特：解雇鲍威尔会"一团糟" 据《华尔街日报》报道，美国财政部长贝森特是鲍威尔今天 ...

Report Industry Investment Rating - Not provided Core Viewpoints - The unexpected sharp decline in US ADP employment data led to a differentiated reaction in the US stock market, with the S&P 500 and Nasdaq rising. The China Securities Regulatory Commission (CSRC) Party Committee emphasized maintaining capital market stability as the primary task and building a system environment conducive to high - quality market development. On the day, small and medium - cap stocks showed a shrinking adjustment, with a generally controllable correction range but intensified internal differentiation [1][3] Summary by Catalog Market Analysis - Domestically, the CSRC Party Committee emphasized optimizing capital market mechanisms, protecting investors, deepening reforms, promoting opening - up, and maintaining market stability. Overseas, the US June ADP employment unexpectedly decreased by 33,000, the first negative growth since March 2023, and the service industry employment had the largest decline since the pandemic [1] - In the spot market, A - share indices closed down, with technology stocks correcting. The Shanghai Composite Index fell 0.09% to 3454.79, and the ChiNext Index fell 1.13%. The trading volume of the two markets dropped to 1.4 trillion yuan. In June 2025, 1.65 million new A - share accounts were opened, a 5.84% increase from the previous month, and 12.6 million new accounts were opened in the first half of the year, a 32.77% increase from the same period in 2024. Overseas, US indices had mixed results [2] - In the futures market, the basis discounts of stock index futures converged to varying degrees. The trading volumes of IH and IF increased, and the IF open interest rebounded [2] Strategy - The unexpected decline in US ADP employment data led to a differentiated reaction in the US stock market. The CSRC's emphasis on market stability is conducive to the high - quality development of the market. Small and medium - cap stocks adjusted with controllable declines and intensified internal differentiation [3] Macro - economic Charts - The report includes charts on the relationship between the US dollar index, US Treasury yields, RMB exchange rate, and A - share trends, as well as the relationship between US Treasury yields and A - share styles. All data sources are from Flush and Huatai Futures Research Institute [6][11][12] Spot Market Tracking Charts - The daily performance of major domestic stock indices on July 2, 2025, shows that the Shanghai Composite Index fell 0.09%, the Shenzhen Component Index fell 0.61%, the ChiNext Index fell 1.13%, the CSI 300 Index rose 0.02%, the SSE 50 Index rose 0.21%, the CSI 500 Index fell 0.70%, and the CSI 1000 Index fell 1.01% [13] Futures Market Tracking Charts - The table of futures open interest and trading volume shows the changes in the trading volume and open interest of IH, IF, and IC. The basis table shows the changes in the basis of IF, IH, IC, and IM for different contracts. The inter - period spread table shows the inter - period spreads and their changes for different contracts of IF, IH, IC, and IM [6][44]

Group 1 - The Turkish Finance Minister Simsek stated that relevant institutions are prepared to take necessary measures swiftly and decisively to maintain market stability and ensure the healthy operation of the economy [1]

Core Viewpoint - The Bank of Korea indicates that it will take measures to stabilize the market if excessive volatility occurs [1] Group 1 - The Bank of Korea is closely monitoring market conditions and is prepared to intervene if necessary [1] - The statement reflects concerns about potential market instability and the central bank's commitment to maintaining financial stability [1]

Core Viewpoint - The Bank of Korea has indicated that it will implement measures to stabilize the market if there is excessive volatility [1] Group 1 - The Bank of Korea is closely monitoring market conditions and is prepared to intervene if necessary [1]

过快削减购债规模可能破坏市场稳定。 日本央行行长植田和男：为让长期收益率自由波动，应减少购债。 ...

Group 1 - G7 leaders call for de-escalation of conflict between Israel and Iran [1] - A draft statement from G7 includes a commitment to market stability, including energy markets [1] - The draft asserts Israel's right to self-defense [1]