1. Company Events 1.1 Regulatory Actions - Xianyang Financial Holding Group Co., Ltd. was warned and ordered to rectify for non - market - oriented issuance of debt financing instruments in 2020, and Xianyang Finance and Investment Holding Co., Ltd., which provided convenience, was also warned [2] - Taixing Zhiguang Environmental Protection Technology Co., Ltd.'s subsidiary was fined 4 million yuan for financial fraud from 2021, and its executives were also fined [2] 1.2 Litigation - Mengzi New Urbanization Development Investment Co., Ltd. announced the progress of four lawsuits as of June 30, 2025, with a total involved amount of 54.3326 million yuan, and one case worth 5.592 million yuan was settled [2] 1.3 Ownership Changes - Zhejiang Hanghai New City Holding Group Co., Ltd.'s controlling shareholder changed from Haining State - owned Assets Office to Zhejiang Hanghai Asset Operation Co., Ltd. through a free transfer of 100% equity, while the actual controller remained unchanged [2] - After Suzhou International Development Group Co., Ltd. and its affiliated Dongwu Securities increased their holdings in Suzhou Bank, they became the controlling shareholders with 15.00% of shares, and the Suzhou Finance Bureau became the actual controller [2] - The Ministry of Finance transferred its shares in China Orient Asset Management Co., Ltd. to Central Huijin Investment Co., Ltd., which then held 71.55% of shares and became the actual controller of Orient Asset Management (China) Co., Ltd. [2] 1.4 Name Change - Hefei High - tech Urban Development Group Co., Ltd. changed its name from Hefei High - tech Co., Ltd., and the change did not affect its issued bonds, with all rights and obligations inherited [3] 1.5 Credit Rating Changes - Credit rating upgrades: Yueyang Urban Construction Investment Group Co., Ltd. was upgraded from AA+ to AAA; Xiamen Xiangyu Group Co., Ltd. was upgraded from BBB+ to A -; Ba Zhong State - owned Capital Operation Group Co., Ltd. was upgraded from AA to AA+; Qinhuangdao Bank Co., Ltd. was upgraded from AA to AA+; Chengdu Xiangcheng Investment Group Co., Ltd. was upgraded from AA+ to AAA; Chengdu Ronghe Investment Development Group Co., Ltd. was upgraded from AA to AA+ [3] - Credit rating downgrades: Heilongjiang Chuangda Group Co., Ltd. was downgraded from AA to A+; Shuangliang Energy - Saving System Co., Ltd. was downgraded from AA to AA -; Wenzhou Hongfeng Electrical Alloy Co., Ltd. was downgraded from A to BB+ [3] 1.6 Other Events - Qingdao Economic and Technological Development Zone Investment Holding Group Co., Ltd.'s subsidiary, Shanda Shenghua, received a warning letter from Shandong Securities Regulatory Bureau for insider information registration management violations [2] - Li Dong, the deputy general manager of Guangxi Liuzhou Urban Construction Investment Development Group Co., Ltd., is suspected of serious disciplinary violations and is under investigation, and the issuer has 12 outstanding bonds with a total balance of 8.654 billion yuan [2]

Group 1 - The Thai political turmoil has provided a temporary respite for the market, but underlying economic concerns continue to make investors cautious [1] - The SET index has seen a year-to-date decline of over 20%, making it one of the worst-performing stock markets globally [1] - The Thai economy is facing three main pressures: unresolved trade negotiations with the U.S., delays in the new fiscal budget and economic stimulus plans, and a significant drop in foreign tourist numbers [1][4] Group 2 - As of June, foreign institutional investors have net sold Thai stocks for nine consecutive months, with a total withdrawal of $3.9 billion [4] - The exit of the second-largest ruling party from the coalition government has led to further capital outflows from the Thai bond market, totaling $324 million [4] - Despite a potential valuation opportunity with the SET index trading at a 24.5% discount to its five-year average P/E ratio of 11.7, professional institutions remain cautious due to the dual pressures of political chaos and economic weakness [4] Group 3 - The Thai baht has shown signs of weakness against the U.S. dollar, indicating that market sentiment has not fundamentally improved [5] - The ongoing political deadlock and the need for structural reforms are likely to keep Thailand's economy in a state of uncertainty [5]

Group 1 - Hong Kong serves as a crucial entry point for foreign capital into the Chinese market, attracting significant investment despite ongoing geopolitical tensions between China and the US [1][2] - The influx of foreign investment is driven by the recognition of the value of Chinese assets, particularly in sectors like internet, information technology, and new energy vehicles [1][2] - The Hong Kong stock market has shown improvement in valuation and liquidity, with the Hang Seng Index rising over 20% since 2025, outperforming major global markets [2][3] Group 2 - Foreign investors are increasingly using Hong Kong as a gateway to access the mainland capital market, with significant transactions recorded in the Bond Connect program [3] - A notable trend is the shift of Middle Eastern capital towards long-term strategic investments in China, focusing on structural cooperation and project-based investments rather than mere financial allocations [4] - The ongoing economic transformation in China is expected to create numerous new development opportunities, which will continue to attract global capital [3]

文 ｜ 海若镜 编辑 ｜ 杨轩 封面来源 ｜ 《 长生不死：硅谷富豪的逆龄人生 》截图 去年圣诞节前些天，上海冬季一如既往地阴冷。布莱恩·约翰逊（Bryan Johnson）下榻酒店的房间里，却有两个移动空调"呼呼"地释放着冷气，浴缸里还 装着满满的一缸冰块，低于室温的冷空气像薄雾般弥漫开来。 这位互联网时代发家的美国硅谷亿万富豪，近年沉迷于抗衰黑科技，每年花费200万美元，雇佣了一支30余人的医生团队，一起绘制他那"不死蓝图"。据 他称，47岁的他已经将生理年龄追回了5.1岁，衰老速度也刷新到0.48，意味着他两年才老一岁。 浴缸里盛满冰块不是什么逆龄修行秘术，只是这位富豪强烈要求：让原本正大吹热风的酒店房间，降温到22度。他的日常体温维持在34.5摄氏度，就像冷 血而长寿的蜥蜴，凉爽能让他降低新陈代谢，将睡前静息心率降低到44次/分。 47岁的布莱恩·约翰逊 酒店服务员们感到错愕和无措，因为温控系统是整栋楼一齐运作、没法调节，最终他们只能运来一桶又一桶冰块，倒进三个浴缸——除了Bryan，跟随他践 行抗衰"蓝图计划"的儿子塔尔（Talmage Johnson）和营销官凯特（Kate Tolo），也提出了同 ...

Group 1 - The core viewpoint of the article is that Guoxiong Capital is making a significant investment in the Web3.0 and cryptocurrency asset sectors, indicating a strong belief in the long-term strategic value of Bitcoin and crypto assets [1] - Guoxiong Capital has been approved for a special budget totaling 200 million yuan, which will be allocated over the next three years for the development of related businesses and investments in crypto assets [1] - The chairman of Guoxiong Capital, Yao Shangkun, expressed confidence that the cryptocurrency sector aligns with global financial development trends and holds substantial growth potential [1]

「投资界前哨」系投资界旗下专注创投政策风向、 VC/PE 动态公众号，欢迎关注！ 根据公开信息统计：截至30日，上月（6月1日-6月30日）募资动态共22起。 高盛来捡漏了 高盛正在募集自身史上最大S基金。 这源自据彭博社的报道，高盛资管正在寻求新一期S基金募资，预计总额超过142亿美元（约合 1019亿元人民币）。 此时高盛剑指S基金，绝非偶然。黑石最新出手了一笔50亿美元的S交易，凯雷集团、阿波罗也 将于今年陆续完成体量可观的S基金募资，跃跃欲试。 中国太保发布300亿基金 6月3日，中国太保正式发布总规模500亿元的太保战新并购基金与私募证券投资基金。 其中：太保战新并购私募基金（暂定名，以基金正式备案名称为准）目标规模300亿元，首期 规模100亿元，聚焦上海国资国企改革和现代化产业体系建设的重点领域，推动上海战新产业 加快发展和重点产业强链补链，打造以"长期资本＋并购整合＋资源协同"为特色的上海国资创 新转型生态。太保致远1号私募证券投资基金（暂定名，以基金正式备案名称为准）目标规模 200亿元，旨在响应国家"扩大保险机构设立私募证券投资基金改革试点"号召，积极践行长期 主义，发挥耐心资本优势，完善 ...

Meeting Details - The shareholders' meeting was held on June 30, 2025, at the conference room located at 2788 A Tower, Aoti West Road, Jinan, Shandong Province [1] - The attendance rate of ordinary shareholders and preferred shareholders with restored voting rights was 71.2074% [1] - The meeting was conducted with a combination of on-site and online voting, presided over by the company's chairman, Wang Xudong [1][2] Voting Results - The non-cumulative voting proposal was approved with 89.0640% of A-share votes in favor, 9.9948% against, and 0.9412% abstaining [2] - The related party transaction proposal was also approved with 89.0139% of A-share votes in favor, 10.9039% against, and 0.0822% abstaining [2] Legal Compliance - The meeting's convening, holding, and voting procedures complied with the relevant laws and regulations, including the Company Law and the Articles of Association [3] - The presence of the legal witnesses and the qualifications of the conveners and attendees were confirmed to be valid [3]

Core Insights - The article highlights the economic revitalization efforts in Tianhe District, Guangzhou, with a focus on attracting high-quality projects and investments to enhance the local industrial ecosystem [1][6]. Group 1: New Projects and Investments - Guangdong Hengjian Innovation Investment Company was established with a registered capital of 500 million yuan, focusing on industrial, project, and venture investments [2]. - The China Communications Cold Chain (Guangzhou Tianhe) Smart Industrial Park is set to become the national operational headquarters for cold chain business, with an expected annual revenue and industrial output exceeding 12 billion yuan [2]. - Tianhe District attracted 180 high-quality industrial projects in the first half of the year, including two billion-level "moon-type" projects and 50 major projects in strategic emerging and future industries [1][3]. Group 2: Industrial Ecosystem Development - Tianhe aims to build a "12126" modern industrial system to strengthen economic foundations and promote coordinated development in key areas [1][4]. - The district is focusing on emerging industries, future industries, and optimizing traditional industries, with an annual investment plan exceeding 1 billion yuan [4]. - The introduction of companies like Lingxin Data Science and Zhejing Junyan Technology reflects the district's commitment to developing artificial intelligence and digital economy sectors [3]. Group 3: Investment Attraction Strategies - Tianhe has implemented a comprehensive investment attraction strategy, including the establishment of a collaborative network and innovative recruitment models [6][7]. - The district's approach emphasizes "industry chain investment," leveraging leading enterprises to attract upstream and downstream partners [7]. - The integration of various resources, including innovation, industry, talent, capital, and policy, is seen as a key advantage for Tianhe in creating a favorable industrial ecosystem [8]. Group 4: Infrastructure and Support Initiatives - Tianhe is enhancing its infrastructure with projects like the Guangzhou International Financial City and the Xiaopeng Motors headquarters, aimed at building a robust smart connected vehicle and new energy vehicle industry cluster [8][9]. - The district has launched initiatives such as the "Win-Win Plan for Enterprises" service station to provide comprehensive support throughout the business lifecycle [9]. - Continuous reforms in project approval processes and the establishment of a one-stop government service channel are part of Tianhe's efforts to improve the business environment [9][10].

首先，马来西亚地处东南亚中心，与泰国、老挝、柬埔寨、越南、印度尼西亚等东盟国家距离很近，并且不在火山地带上，适合数据中心等设施的建设，优 秀的地理位置使马来西亚与中国在各方面上联系紧密。 凤凰网财经讯 6月28-29日，"2025中国企业出海高峰论坛"在深圳举行，本次论坛由凤凰网主办，雪花超高端系列品牌-醴首席赞助合作，中国企业出海全球 化理事会联合主办，以"为开放的世界"为主题，旨在全球产业链深度重构之际，为中国企业搭建思想碰撞、资源对接、规则对话的高端平台，系统性破解出 海难题，共探生态共赢转型路径。 中国马来西亚商会（广东）秘书长符洁蒂出席了本次论坛并发表主旨演讲，就马来西亚投资机遇分享了自己的看法。符洁蒂概述了马来西亚的国家情况，并 指出马来西亚拥有多项投资优势，吸引了很多中资企业。 接着，马来西亚的营商便利度在全球首屈一指，全球排名第12。其目前有16个自由贸易协定，其中9个为区域性协定，7个为双边贸易协定，另有与英国及阿 联酋的协定正在核准中。此外，马来西亚还有74项比较重要的投资保护协定及双重免税协定。 而且，马来西亚的经济政策也比较开放，外资可以100%独资持股，收入可自由汇回国内，马来西亚投 ...

Core Viewpoint - Chengdu High-tech Investment Group Co., Ltd. received an "AAA" rating for its 2022 third phase medium-term notes, indicating strong financial stability and operational capacity [1][2]. Group 1: Company Overview - The company remains the most important entity for park construction and operation in the Chengdu High-tech Zone, maintaining a significant regional specialization advantage [2]. - Chengdu, as a national central city, has a favorable external development environment, with its economic and fiscal strength expected to continue to enhance in 2024 [2]. Group 2: Financial Performance - The company experienced substantial revenue growth in its electronic information segment due to the acquisition of a stake in Sichuan Huakun Zhenyu Intelligent Technology Co., Ltd. [2]. - Main business revenues are derived from park operations, construction, electronic information, and merchandise sales [2]. - The overall rental and sales situation of completed parks is satisfactory, but it is sensitive to the real estate market's performance [2]. Group 3: Business Risks and Challenges - The construction business is concentrated in the Chengdu High-tech Zone, with a significant reduction in new contract amounts in 2024 [2]. - The electronic information segment's sales revenue is large, but its profitability is low, contributing minimally to overall profits [2]. - The company faces substantial funding pressure due to large-scale investment in development projects [2]. Group 4: Investment Strategy - The company engages in strategic investments in major industrial projects and advantageous enterprises within the Chengdu High-tech Zone through equity direct investment and fund investment [2]. - Investment income is a crucial component of the company's profits, but investment risks must be monitored [2]. Group 5: Asset and Debt Management - The company's asset structure is balanced, with significant holdings in cash, equity, debt investments, and park-related projects [2]. - There is a rapid increase in debt levels, leading to a heavy overall debt burden, with a high proportion of short-term debt [2]. - The company has received substantial capital and asset injections from shareholders, leading to continuous growth in owner equity [2].