Yeah. Capitec isn't your average bank. Neither are its founders.A group of wine selling experts, let's let's call it founders at nine founders. Michiel, Riann and I myself was coming out of liquor so we were going into the shebeens, into the townships and understood that sort of the market. Shebeens are drinking spots in informal settlements, often inside a private home.For his expertise in this informal retail sector has been key to Capitec success. Shebeens and Spaza shops in townships across South Africa ...

Group 1 - The article discusses the investment strategies offered by Sensor Unlimited, focusing on high income and high growth through dynamic asset allocation [1][2] - Sensor Unlimited provides two model portfolios: one for short-term survival and withdrawal, and another for aggressive long-term growth [1] - The company emphasizes direct access for discussions, monthly updates on holdings, and tax discussions related to investments [1] Group 2 - Sensor Unlimited has a background in financial economics and has been covering the mortgage market, commercial market, and banking industry for the past decade [2] - The focus areas include asset allocation and ETFs related to the overall market, bonds, banking and financial sectors, and housing markets [2]

Group 1 - The article discusses the Schwab U.S. Dividend Equity ETF (SCHD) and its advantages over other investment options, particularly its lack of REIT exposure [1] - The author, Sensor Unlimited, is an economist with a PhD, specializing in financial economics and has a decade of experience covering the mortgage market, commercial market, and banking industry [2] - The investment group Envision Early Retirement, led by Sensor Unlimited, offers solutions for generating high income and growth through dynamic asset allocation, including two model portfolios for different investment strategies [1][2] Group 2 - The article emphasizes the importance of asset allocation and ETFs in relation to the overall market, bonds, banking, financial sectors, and housing markets [2]

Core Insights - DXC Technology has been selected by Banco Sabadell to enhance the accessibility of its digital services through a new testing framework that incorporates manual testing, automation, and AI-driven analysis [1][2][3] Group 1: Partnership Details - The initiative aims to create a more inclusive experience for Banco Sabadell's 12 million customers in Spain by addressing accessibility barriers, which is expected to reduce user drop-off and improve customer satisfaction [2][3] - DXC will provide 350,000 hours of advanced testing annually to support this initiative [2] Group 2: Methodology and Compliance - DXC and Banco Sabadell have developed a methodology that integrates accessibility testing throughout the product development lifecycle, including a real-time monitoring system for evaluating issues based on business impact [3] - The approach ensures compliance with accessibility standards set by Spanish and EU regulations, helping Banco Sabadell meet regulatory obligations and broader inclusion goals [3] Group 3: Industry Expertise - DXC Technology has over 45 years of experience in banking and capital markets, providing the necessary technology and expertise for financial institutions to remain competitive [4] - The collaboration is seen as a significant step towards a more equitable digital future for all citizens [4]

本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【央行昨日逆回购操作单日净回笼478亿元，本周到期量显著但资金面压力或缓解】昨日，央行开展 2832亿元7天期逆回购操作，当日有3310亿元逆回购到期，经计算，单日净回笼478亿元。 本周，央行 公开市场有16563亿元逆回购到期，周一至周五分别到期1707亿元、2148亿元、1505亿元、3310亿元、 7893亿元。 虽然本周逆回购到期量显著，但政府债发行与存单到期量均较上周减少，资金面压力有所 缓解。且月末财政支出可能提速，有望为银行间市场带来增量资金支持。 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - LGFVs continued to consolidate, and investors turned to USD issues for higher absolute yields as lower-yielding CNH issues lacked catalysts to tighten further [2] - China's PMI indicates waning economic momentum, and the policy easing window may not open until Q4 2025. China may have stronger motivation to advance economic rebalancing after a potential trade deal with the US [3][11] - Moody's changed the rating outlook of SK Hynix to positive from stable and affirmed its Baa2 rating, and SK Hynix is favored for its strong global market position and solid operating cash flow [7][9] Summary by Relevant Catalogs Trading Desk Comments - VNKRLE obtained up to RMB869mn loans from SZ Metro, and YLLGSP further bought back YLLGSP 5 1/8 05/20/26. VNKRLE 27 - 29 were 0.4 - 0.5pts lower, and YLLGSP 26 was 0.1pt higher [1] - In China IG, MEITUA/WB/XIAOMI 30s ended with 1 bp tighter to 1bp wider. New CB 3 - tranche CNH issues dropped 0.2 - 0.375pts from RO, and there was better buying on the 30yr papers [1] - In HK, HYSAN/NANFUN were unchanged to 0.5pt higher, whilst MTRC perps remained unchanged [1] - For TW lifers, CATLIF 34/39 were 1bp tighter to 2bps wider amid PB selling, NSINTW was unchanged, and SHIKON widened 1bp amid two - way flows [1] - For Thailand banks, BBLTB sub curve tightened 2 - 4bps and KBANK tightened 2bps [1] - In KR, DAESEC 26/29 widened 1bp and NHSECS 28 - 30 was 2bps tighter to 1bp wider. LGENSO curve retraced 2 - 4bps while HYNMTR/HYUELE tightened 1 - 4bps amid PB/AM buying [1] - FRN space is in good demand across Asia and EU bank papers. Investors in the region remained better buyers of Japanese and Yankee AT1s while there were selling flows from London [1] Morning Market Update - The new UBS 6.6 Perp was unchanged from RO at par, the new UBS 7 Perp was 0.1pt higher from RO at par. HAOHUA widened 1 - 2bps. DAESEC tightened 1 - 2bps. STANLN/MIZUHO/SUMIBK FRNs tightened 1 - 2bps. ANZ/CBAAU T2 widened 1 - 2bps [3] Macro News Recap - S&P (-0.37%), Dow (-0.74%) and Nasdaq (-0.03%) were lower on Thursday. US latest initial jobless claims was +218k, lower than the market expectation of +222k. US Jun'25 Core PCE price index was +2.8% yoy, higher than the market expectation of +2.7%. UST yield was largely unchanged on Thursday, 2/5/10/30 yield at 3.94%/3.96%/4.37%/4.89% [6] Desk Analyst Comments - Moody's changed the rating outlook of SK Hynix to positive from stable and affirmed its Baa2 rating, expecting its adjusted EBITDA to increase and adjusted debt/EBITDA to improve in FY25 - 26 [7] - SK Hynix overtook Samsung to become the world's leading memory chipmaker by revenue in Q2 2025, driven by higher demand for AI chips [8] China Economy Analysis - Manufacturing PMI further contracted with fading export front - loading. New order and export order indexes dropped, production moderated, and deflation pressure eased [11][12] - Non - manufacturing PMI softened as both service and construction activities moderated. Service PMI edged down, and construction PMI dipped [11][13] Offshore Asia New Issues - Offshore Asia New Issues (Priced): Chengdu & Europe Industrial Zone issued 156 USD mn in 3 - year bonds with a 6.95% coupon and unrated [17] - Offshore Asia New Issues (Pipeline): No new issues pipeline today [18] News and Market Color - There were 66 credit bonds issued onshore yesterday with an amount of RMB35bn. Month - to - date, 2,097 credit bonds were issued with a total amount of RMB2,143bn raised, representing a 12.7% yoy increase [19] - China new home sales fell 24% yoy in Jul'25 as stimulus impact faded [19] - Various company financial results and events were reported, such as Adani Enterprises' 1QFY26 EBITDA fall, MGM China's 2Q25 net revenue rise, etc. [19]

《稳定币条例》实施后，任何人如在业务过程中在香港发行法币稳定币，或在香港或以外发行宣称锚定 港元价值的法币稳定币，必须向金融管理专员申领牌照。 发牌制度将为公众及投资者提供更好保障。其中，条例只容许指定的持牌机构在香港销售法币稳定币， 而只有由持牌发行人所发行的法币稳定币方可销售予零售投资者。此外，为防范诈骗，在任何时候(包 括六个月的不违反期)，只有关于持牌法币稳定币发行的广告会被允许。市民应留意上述事项，并在接 收与法币稳定币相关的广告或信息时保持审慎。 北京商报讯(记者刘四红)据央视新闻，8月1日，香港《稳定币条例草案》正式生效，这是在香港设立法 币稳定币发行人的发牌制度，完善对虚拟资产活动在香港的监管框架，以保持金融稳定，同时推动金融 创新。 ...

六足导盲机器人凭借仿生足结构，突破台阶、碎石等地形，护航火炬传递；AI化身"鹰眼裁判"，将羽毛 球与运动员的每个动作尽收眼底，毫秒间完成精准分析；更有全国首个大型赛事"数字人志愿者"，用智 慧笑容为你解锁赛事知识……这不是科幻电影中的情节，而是第十五届全国运动会即将上演的真实场 景。 这背后，离不开金融的"助攻"。作为金融"五篇大文章"之一的科技金融，正以创新信贷产品、全生命周 期服务等方式，为这些突破性技术提供强劲动能。在科技的赛道上，它犹如隐形的火炬手，持续为创新 之火传递贡献力量。 为解读全运创新密码、深观金融同行之径，即日起，南都湾财社推出《金融同行·粤动全运》系列报 道，通过剖析金融赋能十五运会典型案例，全方位展现从技术研发到场景应用的金融助力轨迹，以及金 融便利跨境支付、提振消费的创新作为，为您呈现一场金融与体育深度融合的智慧盛宴。 金融为体育黑科技"上大分" 豆包、饺子、煲仔饭……琳琅满目的美食不是出自大厨之手；点餐、送餐、清理、消毒……餐厅琐碎的 工作也不再依靠服务员。在智慧餐厅内，你能看到炒菜机、煲仔饭机、汉堡机等各类全自动制餐设备， 并且，这一智慧餐厅曾为国际大型体育赛事服务。 在2022 ...

Core Viewpoint - Daya Bay Development Zone demonstrates significant progress in high-quality development through efficient fiscal management, deepening state-owned enterprise reforms, and robust financial services to the real economy, collectively driving sustainable economic growth and social development [2]. Fiscal Management - In 2024, Daya Bay Development Zone achieved a general public budget revenue of 6.74 billion yuan, with a notable increase in local government special bond issuance to 2.9 billion yuan, up 156.6% from 2023 [3]. - The expenditure structure is increasingly focused on public welfare, with 6.1 billion yuan allocated to social welfare, accounting for 77% of the general public budget expenditure [3]. - Key investments include approximately 1.29 billion yuan in education, 680 million yuan in healthcare, and 490 million yuan in employment and social security [3]. State-Owned Enterprises - The reform of state-owned enterprises in Daya Bay has led to a significant increase in their scale, with total assets reaching 43.384 billion yuan, exceeding the annual target by 10% and showing a 110% growth compared to the end of 2022 [5]. - In 2024, the operating income of state-owned enterprises surpassed 7 billion yuan, effectively doubling since the end of 2022, with net assets increasing by 24% to 14.454 billion yuan [5]. Infrastructure and Public Services - The establishment of a 40,000-ton grain storage facility enhances regional food security, while the addition of over 4,200 public parking spaces addresses parking challenges [6]. - Water supply projects have increased raw water supply by 200,000 cubic meters per day, achieving a 100% compliance rate for rural drinking water safety [6]. - The municipal sewage treatment capacity has reached 331,000 cubic meters per day, ensuring comprehensive coverage [6]. Financial Services - The financial system has facilitated 3.846 billion yuan in loans for urban village renovation projects, enhancing support for industrial development [7]. - A total of over 6 billion yuan has been raised through various channels to support the development of the Tanghong area, with significant contributions from local government special bonds and policy bank loans [4]. Future Development Focus - In 2025, Daya Bay Development Zone aims to focus on six key areas to drive high-quality development, with a public budget revenue of 4.07 billion yuan achieved in the first half of the year [8]. - Social welfare expenditure reached 2.53 billion yuan in the first half of 2025, accounting for 75% of total expenditures, emphasizing the commitment to economic development [8].

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this press release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS® Accounting Standards"), except as otherwise noted. This press release contains ...