国铁西安局西安站客运员 苏楷淇：过去要是想从西安去这些热门旅游城市，那往往得多次换乘。但现在新增的G3763次列车，8:02从西安北站出发， 15:35就能到达武隆南站，全程仅需七个半小时。不仅能一站直达，还大大节省了时间。 高铁向着景区开，从中原城市到海边也有了新选择，许昌到日照，安阳到三亚也都有了高铁通行。渝厦高速铁路重庆至黔江段将于7月1日正式开通运 营，届时张家界西站开行动车组将达108趟。 针对暑期出游增开消夏列车 一日游多地 央视网消息：今年7月1日全国铁路调图后，全国铁路将新增客运列车236列。这几天，新增列车的运行方向也陆续发布，本次调图后，有更多的高铁线 路选择沿热门旅游景区开行，为暑期出行的旅客提供一条条旅游新通道。 "旅游专线"串联景区 赏美景品民俗 连接黄河与长江，铁路西安北站至长沙站计划增开G3763和G3764次高速动车组1对。以往，从西安到长沙的高铁大多先向东到郑州，再向南经武汉抵达 长沙。而此次新增开的G3763次高速动车组则走出了一条截然不同的路线。它途经汉中、成都、重庆等地，经停武隆南、张家界西、常德等站点，将秦岭风 光、巴蜀文化、武陵源景色等丰富的旅游资源一线串联，堪称" ...

美总统特朗普美东时间21日宣布，美军"成功打击"伊朗福尔多、纳坦兹和伊斯法罕三处核设施。 此外，弗吉尼亚州民主党参议员蒂姆·凯恩22日在接受美国福克斯新闻网的采访时表示，参议院少数党 领袖查克·舒默正在推动尽快就一项限制总统战争权力的决议进行投票，以便参议院所有议员都必须宣 布美国是否应该与伊朗开战。据报道，预计参议员将于24日听取有关伊朗局势的简报。 （本文来源：央视 新闻） 当地时间6月22日，美国共和党众议员托马斯·马西（Thomas Massie）和民主党众议员罗·卡纳（Ro Khanna）共同发起了一项战争权力决议，旨在控制行政部门并重申国会的权威。马西表示，美国没有 面临迫在眉睫的威胁，发生这一切的时候国会正在休假，议员们没有得到简报。 ...

据央视新闻，当地时间6月22日，美国共和党众议员托马斯·马西（Thomas Massie）和民主党众议员罗· 卡纳（Ro Khanna）共同发起了一项战争权力决议，旨在控制行政部门并重申国会的权威。马西表示， 美国没有面临迫在眉睫的威胁，发生这一切的时候国会正在休假，议员们没有得到简报。此外，弗吉尼 亚州民主党参议员蒂姆·凯恩22日在接受美国福克斯新闻网的采访时表示，参议院少数党领袖查克·舒默 正在推动尽快就一项限制总统战争权力的决议进行投票，以便参议院所有议员都必须宣布美国是否应该 与伊朗开战。据报道，预计参议员将于24日听取有关伊朗局势的简报。 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a plan to promote the high-quality development of public funds, emphasizing the need for a classification evaluation mechanism for fund sales institutions to address the current "scale-first" mentality and the "trust crisis" in fund marketing [1][2]. Group 1: Evaluation Mechanism - The plan requires the establishment of a classification evaluation mechanism for fund sales institutions, incorporating metrics such as the scale and proportion of equity fund holdings, the scale and proportion of newly launched products, investor profit and loss, and the scale of regular investment [2][3]. - Institutions with higher evaluation results will receive priority in product access, license applications, and innovative business opportunities, encouraging a shift from a sales-driven model to one focused on customer service and experience [2][3]. Group 2: Industry Transformation - The release of the plan has accelerated changes in the fund distribution landscape, with several fund companies announcing the termination of sales partnerships with certain institutions, indicating a shift towards more sustainable business models [4][5]. - The exit of smaller fund sales institutions signals a natural clearing mechanism that will optimize the industry ecosystem and lead to a healthier market structure [5][6]. Group 3: Investor-Centric Approach - The plan encourages a transition from a focus on sales volume to long-term value, emphasizing the importance of investor retention and returns rather than merely transaction volume [3][6]. - The investment advisory model, which prioritizes investor interests, is seen as a key solution to the challenges faced in the fund distribution sector, requiring a deeper understanding of client needs and goals [7][8]. Group 4: Fee Reduction Impact - The plan also calls for a reasonable reduction in subscription and sales service fees for public funds, which may pose short-term challenges for sales institutions but will ultimately drive them towards a buyer-centric transformation [9][11]. - The trend of fee reduction is expected to promote the development of wealth management and advisory services, as institutions adapt to a more competitive environment [11][12].

登录新浪财经APP 搜索【信披】查看更多考评等级 北京星网宇达科技股份有限公司（以下简称"公司"或"星网宇达"）于近日获悉，公司部分银行账户资金被冻结，现 将相关情况公告如下： 一、本次被冻结账户信息 四、风险提示 本公司及全体董事会成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈述或重大遗漏。 二、本次部分银行账户资金被冻结原因 根据公司近日收到的法院寄送材料以及公司向相关方面了解的情况，上述银行账户资金被冻结的主要原因系公司 与北京尖翼领航科技中心（有限合伙）之间的股权转让合同纠纷，北京尖翼领航科技中心（有限合伙）向法院提 起诉讼并向法院申请财产保全，将公司部分银行账户资金冻结。截至本公告披露日，该案件尚未开庭审理。 三、对公司的影响及解决措施 1、截至本公告披露日，公司及子公司共有银行账户57个，被冻结银行账户6个。本次被冻结的资金总额共计 2,593.3475万元，占公司最近一期经审计净资产的比例为1.42%。其中，募集资金专项账户内被冻结的金额为 860.7121万元，占公司非公开发行A股股票募集资金净额的3.64%。 2、公司本次银行账户资金被冻结期间，日常经营活动均正常开展，并未受到重 ...

从二级市场表现来看，截至6月20日，海富通中证短融ETF年内单位净值上涨0.74%；富国政金债券ETF 年内单位净值上涨0.73%。 除上述两只产品外，还有多只债券ETF年内规模迭创新高，13只债券ETF规模达"百亿级"，债券ETF市 场整体规模已突破3500亿元，再创历史新高。具体来看，Wind数据显示，截至6月20日，债券ETF中已 有13只规模超过100亿元。 值得一提的是，截至6月20日，债券ETF年内规模增长达1768.96亿元，增幅超过100%，是各大类ETF中 规模增长最多的品类。 6月20日，海富通中证短融ETF、富国政金债券ETF规模一起突破500亿元。Wind数据显示，两只ETF最 新规模分别达509.58亿元、506.13亿元，较前一个交易日分别增长23.42亿元、23.67亿元，成为国内债券 ETF中首批达到500亿元级别的ETF。 鹏华基金现金投资部认为，这一快速增长，既反映了投资者对债券ETF工具价值的深度认可，也预示着 国内债券ETF市场仍处于发展黄金期，未来增长潜力可观。 据悉，海富通中证短融ETF成立于2020年8月3日，是市场上唯一一只以短期融资券为主要投资标的的场 内工具 ...

港股成创新药定价主战场 截至2025年6月22日，梁福睿管理的长城医药产业精选基金的年内收益率达到71.21%，暂时排名年内A 股基金的前列，其中，截至今年3月末，港股仓位占其所管基金的35.20%，并对基金业绩带来重大贡 献。 梁福睿指出，当前港股市场的估值抬升行情，本质是政策红利释放、全球流动性宽松与市场情绪共振的 综合结果。随着国际化突破与支付体系创新，港股创新药有望延续"戴维斯双击"行情。 近期，创新药行情交投依旧火热，国产创新药的海外授权与海外销售放量，也成为公募基金经理紧抓行 情的关键密码。多位公募业内人士认为，尽管创新药主题基金持仓品种估值与业绩尚不明朗，但市场预 期中的业绩兑现周期已悄然临近。 长城医药产业精选基金经理梁福睿对证券时报记者表示，创新药公司的短期亏损是行业发展的必然阶 段，其估值本质是对未来现金流的折现和对技术突破的溢价。创新药具有更加明确的投资机会和业绩爆 发周期，当前创新药赛道的投资也并非外界所说的"拆盲盒"，其中更多是对科学的探索和对未知的敬 畏。 创新药赛道中涉及的门类众多，如何精准挖掘细分赛道的核心机会成为医药基金经理业绩胜出的关键。 梁福睿认为，结合当前技术发展趋势， ...

Core Viewpoint - The article highlights the successful investment strategy of Tian Junwei, a fund manager at Bosera Fund, who employs a GARP (Growth at a Reasonable Price) approach to achieve superior performance in the market [1][2]. Investment Strategy - Tian Junwei's investment style is centered around the GARP strategy, which balances value and growth investing by capturing growth opportunities at reasonable valuations [2]. - Since starting independent product management in 2017, Tian has expanded his investment scope across various industries while integrating bottom-up stock selection with portfolio management thinking [2][6]. Focus on Growth Stocks - The selection of high-growth stocks is based on PEG (Price/Earnings to Growth) ratios, primarily focusing on technology companies, while high-quality growth stocks are often found in the consumer sector [2][7]. - Tian emphasizes understanding the underlying drivers of growth rather than just financial metrics, using industry trends as a guide for stock selection [3][8]. Unique Investment Approach - Tian is known for his left-side investment strategy, where he identifies undervalued stocks or those at the early stages of industry upturns, such as his early investments in the CRO/CMO sector [4][5]. - His investment philosophy rejects macro-level style shifts and industry rotations, focusing instead on long-term opportunities aligned with industry trends [4][6]. Lifecycle Focus - Recently, Tian has shifted his focus from mid-to-late stage companies to those in the early stages of their lifecycle, identifying new opportunities in emerging industries that are still undervalued [5][9]. Composite Investment Model - Tian has upgraded his left-side investment strategy to a composite model of "contrarian investing + portfolio management," which helps manage volatility even during market downturns [6]. Targeted Industry Opportunities - Tian's excess returns primarily come from stock selection, with less emphasis on asset and industry allocation. He identifies three main directions for future investments: digital transformation, safety and self-sufficiency, and emerging industries [7][9]. - In the digital transformation space, the rise of generative AI is seen as a catalyst for improving production efficiency and cost reduction [7]. - The safety and self-sufficiency sector includes electronics, computing, machinery, and defense, which are expected to yield high-quality growth stocks [7][9].

Core Viewpoint - The rise of stablecoins is becoming a critical issue globally, with countries needing to address their regulation to avoid negative impacts on their financial systems and to seize opportunities for currency globalization [1] Group 1: Importance of Stablecoins - Stablecoins are increasingly recognized as essential payment tools, with a global market size exceeding $250 billion [2] - Visa predicts that by June 2025, adjusted stablecoin payment transactions will reach 1.6 billion, amounting to $7.3 trillion [2] - Citibank estimates that stablecoin market value could reach $3.7 trillion by 2030 under optimistic scenarios [2] Group 2: Regulatory Developments - The U.S. and Hong Kong have passed legislation to regulate fiat-backed stablecoins, emphasizing their role as payment tools and differentiating them from securities [2][4] - Countries like the UK and South Korea are also incorporating stablecoins into their legislative frameworks [2] Group 3: Advantages and Risks - Stablecoins can significantly reduce cross-border transaction times from 1-5 days to minutes and lower costs from an average of 6.35% to below $1 in some regions [3] - However, stablecoins are also associated with illegal financial activities, necessitating regulatory measures to ensure financial security [3] Group 4: Sovereignty and Currency Influence - Legislation aims to protect and promote fiat currency sovereignty, as foreign stablecoins can pose risks to domestic financial systems [4] - The dominance of USD stablecoins, which account for 95% of the fiat stablecoin market, highlights the need for countries like China to develop their own stablecoins to enhance their currency's global influence [5] Group 5: Integration with Central Bank Digital Currencies (CBDCs) - China is leveraging CBDCs to address cross-border payment challenges, with the potential to complete transactions in 6-9 seconds and reduce costs by nearly half [6] - The development of offshore RMB stablecoins is seen as a way to increase the use of RMB in international payments, complementing traditional financial methods [6] Group 6: Future Development Strategies - The issuance of RMB stablecoins should focus on supporting economic development and enhancing RMB internationalization rather than competing directly with USD stablecoins [5][7] - A gradual approach is recommended for the development of RMB stablecoins, starting with offshore markets like Hong Kong before expanding to mainland China [7]

Core Viewpoint - The lithium battery industry is experiencing a surge in overseas investment plans from various manufacturers, driven by increasing domestic competition and the need for localized supply chains in foreign markets [1][2]. Group 1: Overseas Investment Plans - Companies like Zhongke Electric, Tianci Materials, and Rongbai Technology have announced significant overseas investment projects, indicating a trend of "going out" in the lithium battery supply chain [1][2]. - Zhongke Electric plans to invest up to 8 billion yuan in Oman for a lithium-ion battery anode material base with an annual capacity of 200,000 tons [2]. - Tianci Materials is set to invest approximately 2.8 million USD in Morocco for an integrated project producing 150,000 tons of electrolyte and key raw materials [2]. - Rongbai Technology and Xinzhou Bang have also revealed overseas investment plans, with Rongbai planning a 1.705 billion yuan facility in Poland and Xinzhou Bang investing up to 2.6 million USD in Malaysia [2]. Group 2: Market Potential and Demand - The penetration rate of new energy vehicles in China is projected to reach 38.9% in 2024, while major automotive production countries have significantly lower rates, indicating substantial growth potential in overseas markets [3]. - The implementation of various policies in the U.S. and EU is increasing the demand for localized supply chains, prompting lithium battery companies to accelerate overseas capacity building [3]. Group 3: Production and Profitability - Companies like CATL and EVE Energy are beginning to see profitability from their overseas operations, with CATL's German factory achieving breakeven and starting to generate profits [6]. - EVE Energy's first overseas battery base in Malaysia commenced production in February 2024, while other companies like Longpan Technology and Rongbai Technology are also reporting successful overseas operations [5][6][8]. Group 4: Challenges and Strategies - Despite the positive signals, the overall progress of overseas investments remains slow due to higher costs, funding needs, and longer return periods compared to domestic operations [9][10]. - Companies are exploring various financing options, including listings in Hong Kong, to support their overseas expansion [9]. - Local market analysis and understanding of customer needs are crucial for successful overseas operations, as evidenced by the need for stable customer orders to support production [10]. Group 5: Localization and Cultural Integration - The success of overseas operations is heavily dependent on local integration, including navigating local regulations, labor policies, and cultural differences [10][11]. - Companies like Longpan Technology are actively working on local talent development and communication strategies to enhance operational efficiency in foreign markets [10][11].