Group 1 - The U.S. and Vietnam have reached a trade agreement, with Vietnam's exports to the U.S. facing a minimum 20% tariff [2] - China's anti-money laundering regulations are tightening, with a new rule requiring identification for cash transactions over 100,000 yuan starting August 1 [3] - The Chinese government is promoting domestic brands abroad, emphasizing the transition from "Made in China" to "Chinese brands" as a sign of high-quality development [6] Group 2 - The Shanghai summer event will be upgraded in 2025, focusing on attracting global tourists through various activities and services [14] - Hangzhou's land sales have surged, with over 100 billion yuan in revenue in the first half of 2025, leading to the cancellation of new home price limits to boost the real estate market [15] - The Hong Kong IPO market has seen a significant recovery, raising 107.1 billion HKD in the first half of 2025, a sevenfold increase compared to the previous year [30] Group 3 - Li Auto reported a 24% year-on-year decline in June vehicle deliveries, with a total of 36,300 units delivered, raising concerns about its market share [26] - Baidu has announced its largest search engine overhaul in a decade, enhancing its search capabilities and integrating AI tools [27][28] - European air conditioning sales have surged due to extreme heat, with companies like Gree and Haier reporting a 30% increase in sales in Europe [35]

年内又一家银行理财子收千万级罚单！ 近日，国家金融监督管理总局披露，中银理财因"非标债权投资管理不到位，理财产品投资 集中度、流动性不符合监管要求，信息登记管理不到位等违法违规行为"，被罚1290万元。 此次为该公司时隔一年后再次领罚，去年6月因理财业务存在未能有效穿透识别底层资产等 被罚250万元。 事实上，中银理财并非今年首家收到千万级罚单的理财子，2月，交银理财因理财产品信息 披露不规范，理财业务投后管理勤勉尽职义务履行不到位等，被罚1750万元。 中银理财被罚1290万，涉理财产品投资集中度不符要求 时隔1年，中银理财再领一张金监总局下发的罚单。 具体来看，金监总局公布的行政处罚信息公示表显示，中银理财因存在多项违法违规行为被 罚1290万元，其中包括非标债权投资管理不到位；理财产品投资集中度、流动性不符合监管 要求；信息登记管理不到位等，公布罚单的时间为6月27日。 | 序 | 当事人 | 主要违法违规行为 | 行政处罚 | 作出决 | | --- | --- | --- | --- | --- | | 름 | 名称 | | 内容 | 定机关 | | 1 | 中国进出 | 部分种类贷款和政策性业务 ...

Group 1 - Hebei Asset Management Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, marking the first local AMC attempting to go public in Hong Kong [1][6] - The company emphasizes its unique position as the only local AMC in Hebei with the qualification for bulk acquisition and disposal of financial non-performing assets [3][4] - Established in late 2015, Hebei Asset is a state-owned enterprise approved by the Hebei provincial government and is regulated by the local financial management bureau [4] Group 2 - The current shareholding structure shows that the controlling shareholder is Hebei Construction Investment Group, holding 56.5% of the shares, while several other groups hold 9.2% each [5] - Hebei Asset ranks second among all non-performing asset management companies in Hebei, with a market share of 24.4% based on the original value of newly acquired non-performing assets in 2024 [5] - The company reported a net profit of 0.976 billion RMB in 2022, a loss of 1.452 billion RMB in 2023, and a projected net profit of 2.043 billion RMB in 2024 [5] Group 3 - The supply of non-performing assets in China has significantly increased, with the scale expected to reach 8,449 billion RMB in 2024, reflecting a compound annual growth rate of 11% from 2020 to 2024 [8] - The importance of local AMCs is growing, with projections indicating that the non-performing asset management scale will reach 16,877 billion RMB by 2029, with a compound annual growth rate of 14.8% from 2024 to 2029 [8] Group 4 - The regulatory environment for local AMCs is tightening, with new guidelines proposed in the "Interim Measures for the Supervision and Administration of Local AMCs" [10][11] - The draft emphasizes stricter requirements for asset acquisition, shareholder equity, and financing, indicating a significant regulatory shift that may lead to a reshuffling in the industry [11]

人民网北京6月18日电 在今日举办的2025陆家嘴论坛上，中国人民银行行长潘功胜宣布了8项金融政 策。 具体来看，8项政策分别为设立银行间市场交易报告库，设立数字人民币国际运营中心，设立个人征信 机构，在上海临港新片区开展离岸贸易金融服务综合改革试点，发展自贸离岸债，优化升级自由贸易账 户功能，在上海"先行先试"结构性货币政策工具创新，会同证监会研究推进人民币外汇期货交易。 南开大学金融发展研究院院长田利辉对此向记者表示，8项金融政策，与当下全球经济一体化与金融开 放、金融创新与科技发展、国际贸易与离岸金融、绿色发展与可持续发展的经济背景及发展情况紧密相 关。 田利辉认为，随着全球化的深入，中国金融市场逐步开放，此次政策也旨在提升人民币国际地位，如设 立数字人民币国际运营中心，推进人民币外汇期货交易，以适应全球经济一体化的需求。另外，在数字 经济时代，金融创新与科技发展密不可分。设立银行间市场交易报告库、个人征信机构，以及在上 海"先行先试"结构性货币政策工具创新，均旨在利用科技手段提升金融服务效率和质量。其中，上海临 港新片区离岸贸易金融服务综合改革试点和发展自贸离岸债的政策，反映了中国对国际贸易和离岸金融 ...

以下文章来源于家办新智点 ，作者foinsight 家办新智点 . 陪跑中国家族办公室行业 本文来自微信公众号： 家办新智点 （ID：foinsight） ，作者：foinsight，原文标题：《"富有而天 真"，新加坡被骗子"围猎"》，头图来自：AI生成 新加坡，这个"财富避风港"，正成为骗子眼中的"狩猎场"。 伴随家族办公室数量激增和高净值人群大量涌入，新加坡的各类精密骗局悄然滋生：从伪装成投资顾 问渗透家族财富核心，到操控虚拟资产与假冒银行职员实施跨国诈骗等。 不法分子瞄准制度缝隙和信任盲区，层层设套，令部分富豪和个人深陷骗局、蒙受巨额损失。表面看 似法治严密、制度成熟的新加坡，正面临一场关于财富安全与监管升级的双重考验。 一、"每10人中有6人遭遇诈骗" 2024年底，从事销售工作的Lee在WhatsApp突然收到了一个外国号码的联系，称可以为她提供了一 份网上兼职工作。一直认为自己工作很普通的Lee欣然同意。 不久，她又接到另一名男子的联系，该男子自称是居住在新加坡的马来西亚人，已婚并育有一子。尽 管她怀疑这是一个骗局，但还是决定参与其中，"我只是想吓唬一下那些骗子。我以为我能智胜他 们。" 几个月 ...

尽管 《规则》 构筑了严密防线，但实践层面仍存挑战。 支培元 认为， 对于"新项目"的定义，新 规未细化规则，需明确审核标准，防止"新瓶装旧酒"；进度迟缓量化惩处方面，当前仅要求披露， 未来可引入分阶梯监管措施；中小股东救济路径方面，应探索投资者诉讼中"募集资金违规"的举证 简化规则。 文/李悦 上市公司募资乱象，遭最严"零容忍" 。 6月15日，《上市公司募集资金监管规则》（以下简称《规则》）正式实施，一场关于募集资金监管 的"品质革命"在资本市场打响。 这套监管框架最早可以追溯到2012年，于2022年法规整合时进行细微调整。而这次， 原 《上市公 司监管指引第2号——上市公司募集资金管理和使用的监管要求》 直接 改为《上市公司募集资金监 管规则》，"监管指引"提升至"基础规则" ， 是这套 监管 框架时隔十余年的一次全面升级。 名称的变更不仅是形式上的调整，更代表着监管效力的提升。 "法律约束力和执行刚性显著提升，监 管层借此传递对募资滥用'零容忍'信号，要求市场主体将其视为合规底线而非参考建议。" 中国投资 协会上市公司投资专业委员会副会长支培元指出。 薪火私募基金总经理翟丹认为，《规则》意在解决超募 ...

Core Viewpoint - The small loan industry is undergoing intensified regulatory scrutiny, leading to the closure and deregistration of numerous non-compliant small loan companies across various regions in China [1][3][4]. Regulatory Actions - Over a dozen regions, including Beijing, Tianjin, and Jiangsu, have announced the deregistration of more than a hundred non-compliant small loan companies [1][3]. - Jiangsu's local financial management bureau has approved the termination of the operating qualifications for two small loan companies, ensuring a smooth market exit [3]. - Yunnan's financial management bureau has listed 109 "missing" or "shell" financial organizations, many of which are small loan companies [3]. - Beijing's financial management bureau has also published a list of eight "missing" small loan companies that must apply for deregistration within the public notice period [3]. Industry Trends - The ongoing cleanup of small loan companies reflects a trend towards stricter regulation and the principle of survival of the fittest within the industry [4]. - The regulatory focus has shifted towards identifying and eliminating "zombie" and "missing" small loan companies, which is expected to help mitigate risks and promote sustainable development in the sector [4]. Future Outlook - The "clean-up wave" in the small loan sector is seen as a dual result of regulatory upgrades and the exposure of industry risks [4][5]. - The implementation of the 2025 "Interim Measures for the Supervision and Administration of Small Loan Companies" will enhance regulatory oversight and push non-compliant institutions out of the market [4]. - The tightening of regulations is expected to lead to a reduction in industry scale and an increase in compliance costs in the short term, but it may also accelerate the concentration of leading institutions and improve service quality in the long term [5]. Recommendations - Financial institutions collaborating with small loan companies should assess risks in accordance with new regulatory guidelines, while small loan companies should evaluate their leverage and liquidity risks to avoid abrupt operational changes [5]. - Small loan institutions are advised to redefine their development strategies, focusing on small and micro enterprises and rural markets, while adhering to compliance standards [6].

国家金融监督管理总局近日发布《关于加强万能型人身保险监管有关事项的通知》，本着从严监管的思 路，突出问题导向，并实行"新老划断"的监管政策。《通知》将于5月1日起实施。业内人士认为，《通 知》将进一步降低险企的刚性负债成本，减少投资冲动，更好实现资产负债匹配管理，降低利差损风 险。短期内，万能型人身保险（以下简称"万能险"）保费收入或将受到一定冲击，但有利于行业长期持 续稳健发展；同时，现有保单持有者的最低保证利率不会因新规而改变。 万能险是包含投资和保障两大功能的人身险产品，投保人将保费交到保险公司后会分别进入两个账户， 一部分进入风险保障账户用于保障，另一部分进入投资账户用于投资。其中保障额度和投资额度的设置 主动权在投保人手中，可根据不同时期的需求进行调节，投资账户的资金由保险公司代为投资，投资利 益上不封顶，下设最低保障利率。 （文章来源：证券时报网） 尽管万能险的理财功能令人心动，但它同时也被负面信息包围，引发对其存在高风险的质疑，主要因 其"披着保险的外衣，卖的却是根本不具备保障功能的理财产品"。事实上，与普通型人身险产品所不同 的是，万能险除了有一个最低的承诺保本利率，实际结算利率本身就具有灵活 ...