"在长期实践中，我们探索形成了'互尊、互信、互利、互助，以高质量发展推进共同现代化'的'中国－ 中亚精神'。"6月17日，习近平主席在哈萨克斯坦首都阿斯塔纳出席第二届中国—中亚峰会并作主旨发 言，宣布"中国－中亚精神"。这一精神根植于六国在长期合作中形成的共同理念和价值，得到了中亚各 国元首一致认同与支持，为中国和中亚国家朝着命运共同体目标加强合作规划了清晰路径。 6月22日，新华社国家高端智库课题组撰写的智库报告《弘扬"中国－中亚精神"：区域合作的成就、机 遇与展望》，在哈萨克斯坦首都阿斯塔纳面向全球发布。报告全面深入解读、阐释了中国－中亚合作结 出的丰硕成果、双方合作的巨大机遇和广阔前景。 报告认为，在新的时代，中国与中亚成为命运与共的好邻居、好朋友、好伙伴、好兄弟，在亚欧大陆开 创了睦邻安邻富邻的新局面，探索形成了"中国－中亚精神"，共同为世界打造了区域合作的样板和典 范。 中国－中亚打造区域合作典范 6月19日，位于西安浐灞国际港的爱菊健康生活体验馆再添"中亚味道"——来自哈萨克斯坦的苹果饮 料，搭乘中欧班列抵达西安，为消费者提供了更多"舌尖上的选择"。 2015年，看准共建"一带一路"倡议的机遇，爱 ...

Core Insights - The trend of Hong Kong residents traveling to mainland China for consumption has become a norm, with no significant negative impact on local spending in Hong Kong [1][2] - The research indicates that the consumption patterns of Hong Kong residents differ significantly between mainland China and Hong Kong, with a focus on service consumption in the mainland [2][3] Group 1: Consumption Patterns - Hong Kong residents' spending in mainland China is primarily on life services, while local spending is concentrated in retail and dining sectors [1][2] - The study shows that the number of trips made by Hong Kong residents to mainland China has returned to pre-pandemic levels, indicating a stable consumption pattern [1][2] Group 2: Digitalization Impact - The digitalization of services has facilitated over 2 million Hong Kong residents to engage in consumption in mainland China, enhancing the integration of the Greater Bay Area [3] - AlipayHK's cross-border services have evolved beyond simple payments to include various scenarios such as transportation and appointment services, promoting a seamless consumer experience [3] Group 3: Future Outlook - The ongoing trend of consumption in mainland China is expected to persist, with spending levels returning to normal without drastic changes in the short term [2] - The rapid development of digital technology in mainland China has significantly boosted service consumption growth, with small businesses experiencing notable increases in sales and transaction volumes [3]

Core Viewpoint - The investigation by Pomerantz LLP focuses on potential securities fraud or unlawful business practices by Boeing and its executives following a recent aircraft crash that negatively impacted the company's stock price [1][2]. Group 1: Incident Overview - On June 12, 2025, a Boeing 787 Dreamliner operated by Air India crashed shortly after takeoff in Ahmedabad, India [2]. - Following the crash, Boeing's stock price decreased by $13.68 per share, representing a 6.39% decline, closing at $200.32 per share on June 13, 2025 [2]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors of The Boeing Company regarding possible securities fraud or other unlawful business practices [1]. - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3].

Core Viewpoint - A class action lawsuit has been filed against Vestis Corporation for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that Vestis and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Vestis securities during the Class Period have until August 8, 2025, to request to be appointed as Lead Plaintiff [3]. Group 2: Financial Performance - On May 7, 2025, Vestis announced its financial results for Q2 of fiscal 2025, withdrawing its revenue and growth guidance for the full fiscal year [3]. - The company provided third-quarter guidance that was significantly below market expectations, attributing poor results to "lost business in excess of new business" and "volume changes with existing customers" [3]. - Following this announcement, Vestis's stock price fell by $3.27 per share, or 37.54%, closing at $5.44 per share on the same day [3].

Core Viewpoint - A class action lawsuit has been filed against Apple Inc. and certain officers for alleged violations of federal securities laws during the Class Period from June 10, 2024, to June 9, 2025, related to misleading statements about the integration of advanced AI-based features into its products [1][7]. Company Overview - Apple Inc. is a multinational technology company primarily engaged in the design and manufacturing of smart devices and computers, as well as entertainment and artificial intelligence [3]. - The company's highest revenue product is the iPhone, with the latest model, iPhone 16, introduced in October 2024 [4]. AI Development and Competition - Apple has faced pressure from competitors like Google, Microsoft, and Amazon, who have launched advanced AI capabilities, prompting Apple to enhance its AI features, particularly for Siri [5]. - At the 2024 Worldwide Developer Conference (WWDC), Apple announced advanced AI-based Siri features, termed Apple Intelligence, as a key selling point for the iPhone 16 [6]. Allegations and Misleading Statements - The lawsuit alleges that Apple made materially false and misleading statements regarding the integration timeline of advanced AI-based Siri features, leading to overstated business and financial prospects [7]. - It is claimed that Apple lacked a functional prototype of the advertised features at the time of the 2024 WWDC and had no reasonable basis to believe it could deliver them within the iPhone 16 product cycle [6][15]. Stock Price Impact - Following the announcement of delays in Siri updates on March 7, 2025, Apple's stock price fell by $11.59 per share, or 4.85%, closing at $227.48 [9]. - Subsequent reports and announcements led to further declines in stock price, including a drop of $14.79 per share, or 7.28%, after a Wall Street Journal article criticized Apple's AI promises [12][13]. Internal Concerns and Future Outlook - Internal communications revealed that Apple executives expressed concerns about the functionality of the promised AI features, with some suggesting that the features might need to be rebuilt from scratch [16]. - The expected release of these features has been pushed to at least September 2025, with no guarantee they will ever be available [16].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Open Lending Corporation securities between February 24, 2022, and March 31, 2025, of the June 30, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Open Lending securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 30, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4] Group 3: Case Allegations - The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose adverse facts about Open Lending's business and operations [5] - Specific allegations include misrepresentations regarding the capabilities of Open Lending's risk-based pricing models and misleading statements about profit share revenue [5] - The lawsuit claims that the true details about the company's performance led to investor damages when revealed [5]

智通财经6月22日讯（记者 闫军）浮费基金销售半个月，陆续迎来了结募，目前结募基金已15只，进度条已完成近 60%。 6月21日，包括银华成长智选、华夏瑞享回报、宏利睿智领航、博时卓睿成长、华夏竞争优势、汇添富均衡潜力、富国 均衡配置以及平安价值优享等8只浮费基金宣布成立，加之此前已经公告成立的东方红核心价值、易方达成长进取、天 弘品质价值、嘉实成长共赢、广发价值稳健等率先成立的浮费基金，至此，已有13只浮费基金发布了成立公告。 根据wind，上述已成立的13只浮费基金合计募集达126.01亿元，单只募集排名靠前的是东方红核心价值，首募规模 19.91亿元，易方达成长进取和平安价值优享募集规模均超过10亿元，分别为17.04亿元、13.22亿元。 除了上述已经成立的13只浮费基金，其他浮费基金也在陆续完成发行。6月20日，交银瑞安、南方瑞享两只浮费基金结 募，从渠道数据来看，交银瑞安募集规模超15亿元，其中交通银行销量超13亿，其余为浦发银行贡献；南方瑞享方 面，截至18日，中信银行单一渠道接近9亿元，最终超过规模大概率不会低于10亿元。 由此看，15只已结募的浮费基金150亿的总募集规模符合市场预期。 15 ...

行业报告 | 行业研究周报 房地产 证券研究报告 5 月统计局地产指标怎么看？ 行业追踪（2025.6.14-2025.6.20） 1）销售端：2025 年 1-5 月，商品房销售金额同比-3.8%，增速较 1-4 月下降 0.6pct；5 月单月销售金额环比+13.1%，同比-6.0%，降幅较 4 月收窄 0.7pct。1-5 月销售面积同比 -2.9%，增速较 1-4 月下降 0.1pct；5 月单月商品房销售面积环比+10.3%，同比-3.3%， 降幅较 4 月增大 1.2pct。2） 投资端： 2025 年 1-5 月，房地产开发投资累计完成额同比 -10.7%，较 1-4 月下降 0.4pct。5 月单月同比-12.0%，降幅较 4 月增大 0.7pct；新开工 面积累计同比-22.8%，较 1-4 月上升 1.0pct；5 月单月同比-22.8%，较 1-4 月提升 2.9pct； 施工面积累计同比-9.2%,增速较 1-4 月增长 0.5pct；房屋竣工面积累计同比-17.3%，增速 较 1-4 月下降 0.4pct。3） 资金端： 2025 年 1-5 月，到位资金同比-5.3%，较 1-4 ...

一、组合策略收益跟踪 本周模拟组合走势依旧分化，除部分信用风格组合外，多数策略收益降低。利率风格组合中，城投超长型、二级超长 型策略组合收益相对靠前，分别达到 0.2%、0.15%；信用风格组合中，城投超长型、二级超长型策略组合收益居于前 列，读数分别为 0.59%、0.37%。 分重仓券种看，信用债重仓策略收益普遍超过利率债重仓组合。信用风格存单重仓组合周度收益平均下行 0.7bp，且 自 5 月底以来单周收益在 0.1%附近徘徊；城投重仓组合的周度收益均值降至 0.15%，较上周出现 4.3bp 的降幅，城 投哑铃型组合收益反而有所升高，同时，该策略在一季度、以及二季度至今的累计投资收益分别为-0.12%、1.85%， 均为同期中偏高读数，是今年以来攻守兼备的策略之一；二级资本债重仓组合收益小幅升高，本周收益均值与城投重 仓组合相近，其中，久期组合及混合哑铃型组合单周收益均在 0.16%以上；超长债重仓策略周度收益均值上行至 0.38% 附近，显著优于对应利率风格组合。 收益来源方面，各类策略组合票息收益有所下行，票息波动边际回升。主要策略中，城投哑铃型组合票息维持在 0.038% 以上，而城投短端下沉、 ...

摘要 风险提示 芯片制程发展与良率不及预期 中美科技领域政策恶化 智能手机销量不及预期 敬请参阅最后一页特别声明 1 - 聊天助手应用活跃度持续上升，海外 Claude 及国内通义、豆包增速显著。阿里巴巴开源专为苹果芯片优化的 32 款 Qwen3 MLX 量化模型，被视为其为国行 Apple Intelligence 所做的准备。在数据供应商领域，因 Meta 投资引 发数据中立性担忧，OpenAI 与谷歌相继计划停止与数据标注公司 Scale AI 的合作，对 Scale AI 的业务模式构 成重大挑战。 - Marvell 将数据中心 TAM 预期上调至 940 亿美元，其中定制计算市场达 550 亿美元，年增速显著。公司凭借 3/2nm 工艺、SerDes、HBM 等技术优势，结合端到端交付能力，定制芯片市占率已升至 13%，并锁定 18 个插槽、 追踪 750 亿美元潜在收入。尽管增长动能强劲，亚马逊 Trainium 项目仍待实质落地，客户集中度亦构成阶段性 风险。定制业务有望成为公司未来的关键增长引擎。 - 美光在 FY25Q2 实现 HBM 与数据中心高价值产品线的强劲增长，为 FY25Q3 ...