资金驱动上涨，私募连续两周加仓 近期，A股市场呈现企稳回升态势，私募机构也随之调整仓位布局。根据私募排排网数据，截至8月15 日，股票私募连续两周加仓，仓位指数为74.86%，较前一周上升0.64个百分点，这意味着股票私募加仓 意愿正在增强。从周期来看，私募仓位回升与市场情绪回暖基本同步，此数据或表示机构投资者对后市 的态度趋于乐观。 本报（chinatimes.net.cn）记者张玫 北京报道 近日，A股市场延续强势格局，交投情绪持续高涨。在资金踊跃入场、政策面利好频出的推动下，沪深 两市成交额连续多个交易日在2万亿元以上。 伴随着市场信心归来，私募基金正以真金白银的投入表达对后市的乐观预期。私募排排网最新数据显 示，截至2025年8月15日，百亿私募仓位指数大幅上涨8.16个百分点，达到82.29%，创下年内单周最大 加仓纪录。这一数据标志着百亿私募仓位指数在时隔4周后重新站上80%的关键水平线。 与此同时，股票私募仓位指数也连续第二周上涨，达到74.86%。逾五成股票私募选择满仓操作，而满 仓的百亿私募占比更是高达61.97%，较前一周的37.16%大幅提升24.81个百分点。 从仓位分布的变化来看，百 ...

Core Viewpoint - The development of the futures and derivatives industry is crucial for building a strong financial nation, as emphasized by Yang Guang during the 2025 China (Zhengzhou) International Futures Forum [1] Group 1: Industry Development and Strategic Goals - The Central Financial Work Conference in October 2023 highlighted the strategic goal of accelerating the construction of a financial strong nation, with "building strong financial institutions" as one of the six core elements [1] - The futures and derivatives market plays a vital role in price discovery, risk management, and resource allocation, which heavily relies on specialized financial institutions and intermediary services [1] - Cultivating internationally competitive futures and derivatives financial institutions is essential for constructing a robust financial market and serving national strategies [1] Group 2: Technological Advancements and Market Internationalization - Futures companies are actively leveraging intelligent technologies to promote industry transformation and upgrade, significantly enhancing research quality, settlement efficiency, and risk control capabilities [1] - The internationalization of China's futures market is progressing, with large futures companies expanding their overseas businesses, which have become new profit growth points [1] - The business scope of these companies is diversifying from traditional brokerage to clearing, asset management, and over-the-counter derivatives [1] Group 3: Regulatory Support and Policy Measures - The State Council's Office has forwarded several policy measures to support the innovative development of futures companies, including improving functional positioning and enhancing business regulation and innovation [2] - The policies aim to support qualified futures companies in broadening capital supplementation channels and enhancing their comprehensive strength and risk resistance [2] - The focus is also on promoting the linkage between futures and the real economy, providing better derivative services to enterprises [2] Group 4: Future Initiatives and Industry Self-Regulation - The China Futures Association plans to strengthen industry self-regulation by developing comprehensive rules covering governance, compliance, risk management, and customer service [2][3] - Encouraging innovation in business, products, and service models is a priority, along with enhancing communication with regulatory bodies to create a favorable policy environment [3] - The association aims to improve service capabilities by understanding enterprise needs and providing customized risk management and financial services [3] Group 5: Talent Development and International Cooperation - There is a focus on cultivating high-end talent with international perspectives and expertise, establishing partnerships with universities and research institutions for talent development [3] - Promoting international exchanges and cooperation is essential for learning from advanced foreign experiences and technologies to enhance the competitiveness of China's futures industry [3] Group 6: Industry Promotion and Cultural Development - Increasing public awareness and recognition of the futures and derivatives market is crucial, along with promoting successful case studies that demonstrate the industry's contribution to the real economy [3] - Strengthening the cultural construction of the futures industry by adhering to principles of compliance, integrity, professionalism, stability, and responsibility is emphasized [4]

庄建球在致辞中表示，"郑州价格"正以强劲动能服务全球产业链、供应链稳定，郑州也逐步成为链接国 内外大宗商品市场的重要枢纽。郑州市始终坚持以建设金融强市和国家区域性现代金融中心为目标，努 力构建和完善适应新发展阶段的现代金融服务体系，为国家中心城市现代化建设提供强有力的金融服务 保障。未来，郑州将持续加强与郑商所合作，支持郑商所推动更多的期货、期权品种上市，进一步加快 国际化进程，提高"郑州价格"的国际影响力，让郑州平台更好服务全球资源配置。 熊军表示，在以中国式现代化全面推进中华民族伟大复兴的时代征程上，郑商所将坚守监管主责主业， 持续优化市场供给，更好发挥期货市场功能，积极服务中国式现代化和金融强国建设。一是持续丰富品 种工具供给，夯实服务根基。紧扣国家战略和实体发展需要，稳步推进葵花籽油期货研发注册，有序推 动钢坯、水泥、鸡肉等品种研发，探索推广更多短期期权。结合自身在能化、盐化等领域的品种禀赋， 围绕已有优势产业链上下游、左右端扩展，持续丰富衍生工具类型。深化储备品种研究，持续推进符合 实体经济需求的衍生品研发。二是提升市场运行与服务质效，深化产业赋能。坚持"一品一策"优化已上 市品种合约及业务规则，" ...

Core Viewpoint - The Guang'an branch of the People's Bank of China emphasizes the importance of accurate financial statistics as a foundation for economic development and decision-making, integrating the principle of "seeking truth from facts" into its operations [1][2]. Group 1: Financial Statistics Quality Control - The Guang'an branch acts as the first line of defense in ensuring the quality of financial statistics, adhering to the principle of "seeking truth from facts" as essential for reliable decision-making [2]. - The branch has implemented a comprehensive legal and regulatory framework for statistical work, including education on the Statistical Law and disciplinary regulations, to foster a culture of lawful statistics [2]. - Since 2025, the branch has reviewed over 30 statistical matters from 22 financial institutions, ensuring that adjustments are justified and documented [2]. Group 2: Team Building and Professional Development - The Guang'an branch has organized cross-disciplinary training in statistics, accounting, law, and computer science to cultivate versatile statistical talent [3]. - Various training sessions and workshops have been conducted since 2025, with over 200 participants, to enhance the practical experience of statistical enforcement personnel [3]. Group 3: Supporting Local Development - High-quality financial statistics are viewed as essential for understanding economic trends and supporting macroeconomic decisions [4]. - The branch has produced over 80 statistical products since 2022, providing foundational data services for local economic development [4]. - Collaborative mechanisms have been established with local departments to integrate financial data with economic and policy data, resulting in detailed reports on financial support for the local economy [4]. Group 4: Cross-Regional Collaboration - The Guang'an branch is leveraging opportunities from its integration into the Chengdu-Chongqing economic circle by establishing a data-sharing mechanism with branches in Chongqing [5]. - A regional risk monitoring system has been developed to identify potential financial risks, providing early warnings and decision-making support to local governments [5].

Core Viewpoint - The article emphasizes the importance of green finance as a strategic pillar for the securities industry, aligning with national goals and contributing to high-quality economic development [1][2]. Group 1: Green Finance Strategy - The company integrates green finance into its entire business chain, viewing it as a strategic support for fulfilling national responsibilities [2]. - A dedicated "Green Finance Department" has been established to promote green finance business development, with a target of exceeding 200 billion yuan in green investment and financing by 2025 [3]. Group 2: Systematic Support Framework - The company has created a comprehensive support system to address industry challenges such as inadequate standards and a shortage of professionals [4]. - It has developed the first industry-specific "Green Securities Financial Business Evaluation Standard," incorporating ESG information into project evaluations [5]. - A training program for green finance specialists has been initiated, with 138 certified professionals across 44 branches by the end of 2024 [5]. Group 3: Green Capital Hub - The company has supported over 450 billion yuan in green equity and debt financing projects, including innovative green bonds [7]. - It has introduced over 260 green-themed financial products, with a total asset scale exceeding 15 billion yuan in green investment products [7]. - The company has published nearly 500 green-related research reports, contributing to the understanding of the "dual carbon" goals [7]. Group 4: Expanding Green Development - The company actively participates in the formulation of industry standards and enhances international cooperation in green finance [9]. - It aims to provide diverse financing solutions for strategic emerging industries and major projects related to national energy and ecological security [9][10]. - The company seeks to guide long-term capital towards green low-carbon sectors, optimizing social capital allocation [10].

Core Viewpoint - The article emphasizes the role of financial institutions, particularly the Bank of Communications, in supporting the real economy and maintaining financial stability, highlighting the launch of the "Yun Tong" brand service and the "Yun Tong Wan Li Xing" series of activities aimed at enhancing financial services for enterprises [1][3]. Group 1: Brand Development and Activities - The "Yun Tong" brand has undergone a rapid development phase following its upgrade at the 2024 China International Import Expo, focusing on providing customized and intelligent financial solutions to support industrial transformation and new productivity [3]. - The "Yun Tong Wan Li Xing" series of activities aims to convert brand strength into actionable support for enterprises, facilitating financial resource circulation and addressing the last mile of financial service delivery [3][10]. Group 2: Treasury Management Services - The Bank of Communications has launched the "Yun Tong Treasury" brand service, which offers financial management and intelligent financial services to state-owned enterprises and large corporations, aligning with the national treasury system development goals [6][7]. - The "1+3+N" intelligent treasury service model includes a comprehensive financial service plan, three system service platforms, and a variety of product combinations tailored to different stages and needs of treasury management [7]. Group 3: Cross-Border Financial Services - In the context of China's high-level opening-up and the Belt and Road Initiative, the Bank of Communications provides a comprehensive suite of cross-border financial services, including trade finance, cross-border financing, and currency risk management, to support enterprises going global [9]. - The bank has established 24 overseas branches covering 131 countries and regions, facilitating efficient cross-border payment and settlement services through a robust global network [9]. Group 4: Strategic Goals - Positioned at a historical juncture with the conclusion of the 14th Five-Year Plan, the Bank of Communications aims to leverage the "Yun Tong" brand to enhance financial service innovation and empower the real economy, contributing to national strategies and the sustainable development of Chinese enterprises [10].

Core Viewpoint - The seminar on financial regulation highlighted the importance of robust financial regulation as a foundational element for building a strong financial nation, emphasizing the need for a well-trained regulatory workforce and the integration of theoretical and practical insights in financial regulation [1][2]. Group 1: Financial Regulation Importance - Financial regulation is considered the foundation of the "six strengths" necessary for building a strong financial nation, serving as the basis for strong financial institutions and international financial centers [2][4]. - The publication of the book "Financial Regulation: Theory and Practice" provides valuable reference material for education and supports the cultivation of regulatory talent needed for a strong financial nation [1][2]. Group 2: Educational Initiatives - The "Financial Regulation" graduate course aims to help students understand the core functions of finance from multiple perspectives, addressing key issues such as financial system vulnerabilities and the dual nature of financial innovation [2]. - The course integrates professional ethics and financial ethics education, reflecting the university's motto "厚德载物" (Virtue carries things), emphasizing the importance of integrity in the financial sector [2]. Group 3: Expert Insights - Experts at the seminar discussed the need for a comprehensive understanding of financial regulation, considering political and technological factors that influence regulatory frameworks [3]. - The book is praised for its interdisciplinary approach, analyzing financial regulation through economic, political, and legal lenses, which helps readers grasp the complexities of China's financial regulatory system [3]. - The importance of balancing principle-based and rule-based regulation was highlighted, with a call for ongoing collaboration between academia, industry, and regulatory bodies to produce high-quality academic works reflecting China's modernization and financial strength [3][4].

Core Insights - The seminar on financial regulation and the release of the book "Financial Regulation: Theory and Practice" highlights the importance of strong financial regulation and talent in building a financial powerhouse as emphasized by President Xi Jinping [1][3][4] Group 1: Financial Regulation Importance - Strong financial regulation is a foundational element for building robust financial institutions and maintaining monetary stability [4][7] - The book discusses the relationship between financial regulation and market dynamics, addressing contemporary challenges in the field [5][10] - Experts emphasize the need for a balanced approach in financial regulation, considering both innovation and investor protection [6][8] Group 2: Educational Initiatives - Tsinghua University is addressing the shortage of qualified instructors in financial regulation by offering a graduate course that fills a gap in the curriculum [3][4] - The course aims to provide students with a comprehensive understanding of financial systems, including their vulnerabilities and ethical considerations [4][5] - The publication of the book serves as a valuable resource for teaching and research in financial regulation [3][10] Group 3: Global Perspectives and Challenges - The seminar highlighted that there is no one-size-fits-all model for financial regulation globally, and copying another country's system may not be effective [6][8] - The discussion included the impact of recent banking failures in the U.S. and the implications for global financial stability [8] - Experts called for a reevaluation of regulatory principles to enhance effectiveness in addressing current challenges [8][10]

Core Viewpoint - The article emphasizes the importance of strengthening the party's organizational structure and enhancing the capabilities of party members at CITIC Bank's Beijing branch to meet diverse financial needs and contribute to high-quality economic development in the capital [1]. Group 1: Education and Training - CITIC Bank's Beijing branch focuses on enhancing the political theory level of its party members through various training programs, including immersive teaching and visits to historical sites [6]. - The branch implements a combination of individual and group learning methods to ensure the effectiveness of party member education, aligning with national guidelines [5][6]. - Continuous learning and practical application of Xi Jinping's thoughts are encouraged among party members to improve their political stance and professional skills [6][10]. Group 2: Organizational Development - The branch has over 1,400 party members and 200 active applicants, with a structured and quality-focused approach to developing its party member base [7]. - A strict mechanism for managing and supervising party members is in place to maintain the integrity and effectiveness of the party [8]. - The branch promotes a culture of excellence and continuous improvement among its members, ensuring that political standards are prioritized in the development process [7][8]. Group 3: Practical Application and Community Engagement - The branch actively engages in community service initiatives, addressing the needs of employees and customers, and enhancing service quality [10]. - A "Party Member Pioneer Team" has been established to lead efforts in supporting the real economy and protecting consumer rights [10]. - As of June 2025, the branch reported a significant increase in loans, demonstrating the effectiveness of its initiatives in driving high-quality development [10]. Group 4: Integration of Party and Business - The branch aims to integrate party building with business operations, ensuring that both aspects are planned, deployed, and executed together [11]. - The focus is on creating a robust service ecosystem that leverages the strengths of the CITIC Group to enhance financial services [11]. - The branch's commitment to Xi Jinping's thoughts and the central financial work meeting's spirit is highlighted as a guiding principle for its operations [11].

Core Viewpoint - The article emphasizes the importance of finance as a core component of the modern economy and its role in driving high-quality economic development in China during a critical period of economic transformation and upgrading [1][2]. Group 1: Financial Support Areas - The Central Financial Work Conference highlights five key areas for financial support: technology finance, green finance, inclusive finance, pension finance, and digital finance, which are essential for achieving high-quality development and optimizing the economic and financial structure [1][2]. - The book "The Road to a Financial Power: How to Write and Implement the 'Five Major Articles'" provides a comprehensive overview of these five areas, analyzing their development practices and significant achievements [1][2]. Group 2: Expert Insights and Recommendations - Experts at the seminar discussed the necessity of understanding the five major areas to promote high-quality development in the financial system, emphasizing the importance of aligning with the Central Financial Work Conference's spirit [2][3]. - The book offers specific supportive measures and policy recommendations aimed at helping various stakeholders, including government officials, researchers, and entrepreneurs, to better understand central decisions and industry trends [3].