8月22日，"小林"发布了第二期讲期货的视频，讲的是327国债事件、青山镍事件和原油宝事件，结尾也 提到期货的风险管理作用。在B站，这期视频用的导语是"期货，为什么拉爆债市、股市和油价"，封面 用的标题相对温和："多头空头"，一经发布，一天就收获了百万播放量。但当笔者在微信视频号上看到 这期内容时，却发现用了"期货陷阱"这样夸张又负面的标题。 笔者认识的一位行业资深人士，在期货行业从业已30年，经历了期货市场的风风雨雨，在转发的视频下 面留言："人心中的成见是一座大山"。这些年来，为了修正社会公众对期货的负面和刻板印象，行业做 了许多宣传和澄清，"期货不是赌博""投机交易创造了流动性，不是投机倒把的'投机'"。著名经济学家 薛兆丰在他的北大经济学课程《用期货合约来重新分配不可避免的风险》里面为期货"正名"，甚至提到 期货不是"零和游戏"，而是正和游戏，因为交易双方都通过这样的机制得到了需求满足。 从行业看，金融各细分领域（期货、证券、保险等）都需要公众正确认知以发挥功能，污名化标题会削 弱公众信任度，增加业务开展阻力。从社会层面讲，错误金融认知可能导致公众对金融市场产生恐惧、 误解，影响个人合理金融决策，甚至 ...

Core Viewpoint - The event "Caring for Investors, Working Together" was organized to enhance investor education and awareness in Qinghai, featuring various performances and interactive segments aimed at risk prevention and rational investment [1][3]. Group 1: Event Overview - The event was held on August 22, guided by the Qinghai Securities Regulatory Bureau, and involved over 200 participants, including representatives from member units and investors [1]. - The opening performance included a song and dance titled "Blooming in Prosperity," along with traditional and modern performances by the Qinghai Provincial Performing Arts Group [3]. Group 2: Educational Content - The event featured self-created educational programs by employees from listed companies and securities institutions, including a skit on "Investment Fraud Prevention" and a poem on the value of rational investment [3]. - An interactive quiz segment was included to enhance risk awareness among participants, effectively combining entertainment with financial education [3]. Group 3: Future Initiatives - The Qinghai Securities Association plans to continue prioritizing investor services, leveraging technology and multimedia to expand the reach and depth of investor education [3]. - There is a commitment to strengthen the investor protection system and promote the development of investor rights protection in the region [3].

Core Viewpoint - The A-share market is experiencing a significant increase in investor participation, with new account openings and trading activities rising sharply as the Shanghai Composite Index reaches new highs, indicating a positive shift in investor sentiment and market dynamics [1][3][8]. Group 1: Market Activity - The Shanghai Composite Index has recently broken through key levels of 3600 and 3700 points, with daily trading volumes consistently exceeding 2 trillion yuan [3][4]. - There has been a notable increase in new account openings, with some brokerages reporting a year-on-year growth of over 40% [2][6]. - The trading activity is particularly vibrant in sectors such as innovative pharmaceuticals, computing power, and robotics, reflecting a shift in investor focus towards emerging technologies [2][10]. Group 2: Investor Demographics - A significant portion of new investors entering the market are from the younger demographic, particularly those born in the 1980s and 1990s, who are more receptive to new investment opportunities and technologies [6][7]. - Younger investors tend to have a higher risk appetite and are influenced by social media, often favoring small-cap stocks [7][10]. Group 3: Margin Trading and Fund Flows - Margin trading activity has surged, with a notable increase in new margin account openings and trading volumes, indicating heightened investor confidence [8][9]. - As of August 20, the margin trading balance in A-shares has exceeded 2 trillion yuan, reflecting the growing willingness of investors to leverage their positions [9]. Group 4: Investment Preferences - Investors are increasingly favoring exchange-traded funds (ETFs) for their investment strategies, with a marked rise in the sales of equity index funds, particularly in sectors like healthcare and technology [10][12]. - The demand for index funds has surged, with some brokerages reporting over a 300% increase in sales compared to previous months, highlighting a shift towards more passive investment strategies [13][14]. Group 5: Market Maturity and Investor Education - The current market environment is characterized by a more rational approach to investing, with a focus on long-term planning and value investing principles, suggesting a maturation of the A-share market [11][16]. - The increase in investor education and awareness about the benefits of index funds is contributing to this trend, as more investors recognize the advantages of diversified and transparent investment vehicles [15][16].

为深化投资者教育与服务，搭建投资者与上市公司深度对话的桥梁，8月12日上午，在深圳证券交易 所、云南证监局、云南省证券业协会及云南省上市公司协会的联合指导下，由国泰海通证券主办的"踔 厉奋发新征程 投教服务再出发"专题活动成功于深交所上市公司一心堂（股票代码：002727）总部举 行。国泰海通证券云南投教基地组织十余位投资者深入企业一线，通过沉浸式参访与面对面交流，零距 离感知医药零售龙头的运营脉络与发展战略。 活动伊始，在一心堂工作人员的带领下投资者参观了企业文化荣誉室。通过工作人员的讲解和历史资 料，深入了解了一心堂的发展脉络和成长足迹。随后，投资者们步入物流中心，现场参观了物流分拣系 统的高效运作，使投资者切身感受企业标准化供应链管理。 一心堂副总裁兼董事会秘书李正红为投资者们系统介绍了公司上市发展历程，及核心业务版块——零 售、中药、医养、健康管理、电商等业务布局。国泰海通证券云南分公司首席投资顾问就2025年下半年 医药产业政策进行了深入讲解，分析了行业发展趋势及投资机会，并提示政策可能带来的市场影响。 带着对实体运营的直观认识，活动进入交流环节。深交所投资者服务部白叙林老师在致辞中指出，上市 公司 ...

Core Viewpoint - The article emphasizes the importance of investor education in China's rapidly developing capital market, highlighting the launch of the "8·18 Investor Education Festival" aimed at enhancing financial literacy among individual investors [1][4]. Group 1: Event Overview - The "8·18 Investor Education Festival" is organized by China Fund News in collaboration with the Shenzhen Securities Association, featuring a series of professional and innovative educational activities [1][4]. - The festival will utilize various media platforms, including WeChat, video accounts, APPs, Weibo, and Douyin, to reach over 12 million users [4]. Group 2: Educational Initiatives - The festival's core theme is "Understanding Investment Principles, Enjoying Wealth in the Future," and it will offer a comprehensive educational platform through professional training, interactive experiences, and live classes [4]. - The "Investment Newcomer Growth Training Camp" will be launched during the festival, featuring expert instructors who will address current market trends and provide targeted answers to investors' questions [6]. Group 3: Special Programs - A special program titled "Investors Are Coming" will be held, focusing on asset allocation strategies in a low-interest-rate environment, featuring discussions with low-risk investors sharing their practical experiences [9]. - The festival will also include a special live broadcast discussing investment hot topics, such as "Essential Lessons for Retirement Investment: Asset Allocation at the Right Time" and "Understanding Index Funds" [17]. Group 4: Content Distribution - The China Fund News APP will host a dedicated section for the festival, featuring articles, videos, and infographics from various financial institutions, including public and private funds, securities companies, and banks [20].

Core Viewpoint - The short drama "Rebirth in the Millennium: I Rely on Futures to Achieve Revenge" has attracted attention not only for its plot but also for its production companies, which include private equity firms such as Waying Investment and Shenhan Capital [1][6] Group 1: Production and Release - The short drama is set to premiere next month, with private equity firms planning to provide a unified response to related questions at that time [2] - This marks the first instance of private equity firms producing a short drama, which has elicited mixed reactions from industry insiders [3][10] Group 2: Plot Summary - The drama's storyline revolves around the male protagonist, Ying Shun, a private equity fund manager who faces betrayal and financial ruin, leading to his death and subsequent rebirth to seek revenge [4][6] - The female lead, Su Xiaoman, is connected to Ying Shun through their past, and her life is also affected by the financial turmoil depicted in the story [4][6] Group 3: Industry Implications - The involvement of private equity firms in producing a short drama is seen as a way to help investors better understand the futures market and the role of institutional investors [3][10] - However, there are concerns that such dramatizations may oversimplify financial concepts and lead investors to overlook risks and uncertainties associated with investing [11][12] Group 4: Company Backgrounds - Shenhan Capital, established in 2015, has a small team and is led by Wei Wei, who has a background in oil product investment [6][7] - Waying Investment, also founded in 2015, has a slightly larger team and is led by Zhou Wei, a known figure in the futures market [8][9]

Group 1 - The investment strategy conference "Wealth of Finance · Start Together" was successfully held in Xiamen, focusing on ETF market dynamics and allocation strategies to provide professional asset allocation ideas for investors [1][2] - The event highlighted the high market interest in gold investment and ETFs as inclusive investment tools, with a strong exchange of professional insights among participants [2] - Shanghai Stock Exchange presented a session on the development trajectory, product innovation, and future trends of the ETF market, emphasizing ETFs as core choices for asset allocation due to their transparency, efficiency, and low cost [2][3] Group 2 - Huang Hao from Huabao Fund delivered a speech on "Gold Investment and ETF Allocation Strategies," analyzing the investment value of gold in the context of macroeconomic conditions and asset performance data, highlighting gold's advantages such as high liquidity and risk diversification [3][6] - The collaboration between Huafu Securities and Huabao Fund aims to enhance investor education, with Huafu Securities acting as a bridge for professional exchanges and Huabao Fund providing data-driven insights into ETF and index allocation [6] - Future initiatives will focus on targeted investor education activities, responding to regulatory calls and market demands, while Huabao Fund plans to expand its ETF product line to offer more suitable asset allocation tools [6]

Group 1 - The event organized by HuLong Securities and MingChuang Investment aimed to enhance financial literacy among university students, aligning with the State Council's initiative to incorporate investor education into the national education system [1][8] - The research team from Lanzhou University visited the Shanghai Securities News headquarters, gaining insights into the vibrant financial activities in Shanghai, including various events held in the building [3][5] - Zhang Yongjun, a senior expert in investor education, emphasized the importance of financial literacy for university students and the opportunities available for them to enhance their financial skills through various educational resources [8][10] Group 2 - The Shanghai Securities News has played a significant role in the development of China's capital market since its establishment in 1991, witnessing and documenting key milestones in the industry [5][6] - The transformation of financial media in China reflects the broader economic reforms and the evolving relationship between media technology and capital market growth [10] - The collaboration between Lanzhou University and HuLong Securities aims to foster talent development and enhance the quality of the capital market, with students actively participating in competitions and educational initiatives [13][14]

Group 1 - The phenomenon of fee refunds is increasingly gaining attention in the investment sector and should be viewed as an opportunity for self-reflection and service optimization rather than a setback for industry development [1] - The emergence of refund requests reflects changes in the market environment and the evolving demands of investors, who are now more knowledgeable and have higher expectations for service professionalism and transparency [1][2] - Investment institutions should adopt an open mindset towards fee refunds, viewing them as feedback on service quality and investment outcomes, and use this feedback to improve their services and enhance customer satisfaction [1] Group 2 - Reliable service is essential for conveying new investment concepts, as investors seek not only short-term returns but also long-term stable strategies and sound asset allocation [2] - Investment institutions are encouraged to provide comprehensive market analysis and investment advice, helping investors develop correct investment perspectives and avoid impulsive behaviors [2] - Educating investors through seminars, training courses, and online interactions is crucial for improving their financial literacy and risk recognition abilities, enabling them to make informed investment decisions [2]

Core Viewpoint - The capital market serves as a "barometer" of the national economy and a "pool" for the wealth of millions of families, emphasizing the importance of investor education to promote rational decision-making among investors [1] Group 1: Investor Education Initiatives - The "Spark Plan" for investor education was launched on May 15, 2024, with the support of various financial institutions and regulatory bodies, aiming to gather resources and wisdom from across the market to enhance investor education [1] - The plan has formed a cross-industry alliance with over 100 member units, addressing the fragmentation in the investor education sector and promoting a collaborative ecosystem [1] Group 2: Innovative Communication Strategies - The "Spark Plan" has introduced diverse communication methods to overcome traditional limitations in investor education, hosting various activities that focus on innovative content delivery [2] - Notable initiatives include the "Building Financial Literacy" campaign, which attracted 66 institutions and 129 submissions, achieving over 10 million views and enhancing investors' financial awareness [2] - The "Financial Strong Nation Lecturer Competition" engaged over 1,000 lecturers from more than 100 financial institutions, creating engaging and informative courses on capital market topics [2] Group 3: Long-term Operational Framework - The "Spark Plan" has established a long-term operational platform that continuously produces quality educational content and activities, receiving widespread recognition from regulatory bodies and market institutions [3] - The initiative was awarded as a "2024 Typical Case of Social Responsibility" by Chinese economic media, highlighting its significant social value [3] - Moving forward, the plan aims to create regular activities and enhance technological empowerment, exploring new educational formats such as AI tools and interactive games to improve investor education quality [3]