【#软银回应清仓英伟达原因#】近期软银一系列动作引发关注，清仓英伟达、减持T - Mobile股权，筹 得150亿美元。软银首席财务官后藤芳光解释，是为满足对OpenAI的大规模投资需求。数据显示，今年 4至9月软银投资收益3.92万亿日元，OpenAI估值上升就占了2.15万亿日元（约合人民币992亿元）。这 表明OpenAI在软银投资版图中占据重要地位，其强大的吸引力促使软银调整资金配置，集中资源投入 这一潜力巨大的领域。#软银资金运作##OpenAI投资# 来源：@商界BUSINESS微博 ...

0:00 / 6:40 来源：天弘基金 （原标题：从配置踩坑到稳健盈利：投资是一场不断进阶的成长之旅！） ...

Core Insights - In July 2025, China's residents' deposits decreased by 1.11 trillion yuan, marking a significant trend of withdrawing funds from banks [2] - The primary reason for this withdrawal is the low interest rates offered by banks, with the average 3-month deposit rate at 0.949% and the 5-year rate at 1.538%, which are insufficient to keep pace with inflation [2][4] - Alternative investment options such as wealth management products, which offer annualized returns of 2.4%-2.8%, and a recovering stock market, with 8.73 million new A-share accounts opened in the first five months of the year (up 62.3% year-on-year), are attracting investors [2][4] Banking Sector Dynamics - Some cities are experiencing a rebound in housing prices, drawing additional funds into the real estate market despite ongoing regulatory measures [4] - In response to the declining deposits, smaller banks in regions like Guangdong and Jilin have begun to lower deposit interest rates, with some reductions reaching 20 basis points [4] - The decrease in deposits does not necessarily indicate a negative trend; it reflects a willingness among individuals to invest their money rather than keeping it idle in low-interest bank accounts [4][8] Investment Strategy Recommendations - A diversified investment approach is suggested, where individuals should not solely rely on bank deposits or fully invest in the stock market [4] - It is recommended to maintain a portion of funds in banks for emergencies, invest in stable wealth management products, and allocate a small percentage to equity investments based on individual risk tolerance [4][8] Market Perspective - The landscape for bank deposits in 2025 is evolving, with consumers now having multiple investment options beyond traditional savings [8] - The focus should be on ensuring that money is actively working for individuals rather than remaining stagnant in low-yield accounts [8]

明天（8月14日），建信基金将带来一场直播，讲述商品ETF和QDII指数的配置价值，欢迎一键预约观 看哦~ 主题：《商品ETF和QDII指数投资价值》 时间：8月14日 16：00 8月14日（周四）16：00 点击下方链接即可预约↓ 免责声明 以上观点来自相关机构，不代表天天基金的观点，不对观点的准确性和完整性做任何保证。 收益率数据仅供参考，过往业绩和走势风格不预示未来表现，不构成投资建议。转引的相关 由天天基金独家播出的《下半年配置诊疗室》直播特别策划现已正式上线！ 长按下方二维码 或 点击文末阅读原文 提前锁定心仪场次，预约直播不迷路！ 更有京东卡、遮阳伞等大量好礼等 你来抽~ ↓ 点击"阅读原文" 预约查看更多直播 还有好礼等你赢！ 分享、点赞、在看 顺手三连越来越有钱 ...

Summary of Conference Call Records Industry or Company Involved - The records primarily discuss the impact of the US-China trade conflict on various industries and macroeconomic conditions. Core Points and Arguments - **Global Supply Chain Constraints**: The US faces significant challenges in adjusting global supply chains in the short term, leading to persistent price increases that cannot be resolved through supply adjustments alone. This may require agreements with other trade partners or domestic subsidies for mitigation [1][3][4] - **Tariff Measures**: The US's imposition of tariffs is driven by economic, political, and social factors. The short-term goal is to address trade deficits and increase tax revenue, while the long-term goal is partial decoupling and maintaining global dominance, making complete tariff removal unlikely [1][5] - **China's Tariff Strategy**: China has adopted a strategy of suspending or canceling certain tariffs based on negotiation outcomes, making it one of the countries with the highest tax burdens globally due to tariffs related to fentanyl and investigations [1][5] - **Projected Revenue from Tariffs**: Assuming US imports reach $3 trillion in 2025, a 10% tariff could generate at least $200 billion in additional revenue, not accounting for potential future tariff increases on certain trade partners [1][6] - **Trade Negotiation Phases**: The current phase of US-China trade negotiations is the second stage, with expectations of continued tariff increases. The first phase saw China implement comprehensive countermeasures that exceeded market expectations [1][7][8] Other Important but Possibly Overlooked Content - **Macroeconomic Impact of Tariffs**: The imposition of tariffs leads to decreased total output and increased prices in consumer countries initially, followed by rising interest rates and inflation. In producer countries, initial output declines are offset by falling prices and rising real wages [2] - **Sector Resilience**: Sectors with low trade correlation, such as consumer goods, services, and consumer banking, are expected to remain stable. Import substitution sectors like agriculture and certain chemicals show potential, while automotive parts and consumer electronics may receive exemptions [3][9] - **Commodity Price Trends**: Commodity prices are generally on a downward trend, with domestic policy support potentially weakening, leading to price volatility. Interest rates are expected to have limited downward pressure, and exchange rates may fluctuate around the 7.2 mark [10] - **Investment Strategy**: In the current economic environment, it is recommended to focus on domestic demand sectors while maintaining a defensive investment posture. A small allocation to aggressive sectors is suggested to capitalize on market volatility [11]