Market Overview - On June 20, the A-share market experienced slight fluctuations, with the Shanghai Composite Index facing resistance around 3369 points[2] - The Shanghai Composite Index closed at 3359.90 points, down 0.07%, while the Shenzhen Component Index closed at 10,005.03 points, down 0.47%[6] - Total trading volume for both markets was 1,091.9 billion yuan, slightly lower than the previous trading day[6] Sector Performance - Banking, liquor, insurance, and photovoltaic equipment sectors performed well, while mining, precious metals, cultural media, and gaming sectors lagged[3] - Over 60% of stocks in the two markets declined, with the banking and liquor sectors seeing significant capital inflows[6] Valuation Metrics - The average P/E ratios for the Shanghai Composite and ChiNext indices are 13.83 times and 36.38 times, respectively, indicating a mid-range valuation over the past three years[3] - The current trading volume is above the median level for the past three years, suggesting a stable market environment[3] Economic Outlook - China's economy continues to show moderate recovery, driven by consumption and investment[3] - The market anticipates that the Federal Reserve may implement its next interest rate cut as early as September, which could lead to further easing of overseas liquidity[3] Investment Recommendations - Short-term investment opportunities are suggested in the banking, insurance, liquor, and shipbuilding sectors[3] - Investors are advised to closely monitor policy changes, capital flows, and international market conditions for potential impacts on the A-share market[3]

主力资金监控：计算机板块净流出超41亿 智通财经6月20日电，智通财经星矿数据显示，今日早盘主力资金净流入食品饮料行业、电子化学品、银行等板块，净流出计算机、 文化传媒、机械设备等板块，其中计算机板块净流出超41亿元。个股方面，强力新材涨停，主力资金净买入4.18亿元位居首位，宁 波海运、川润股份、N新恒汇获主力资金净流入居前；中文在线遭净卖出超2亿元，胜宏科技、宁德时代、慈文传媒主力资金净流出 额居前。 | 排名 | 板块名称 | 主力资金净流入（亿元） | 主力资金净流入率(%) | | --- | --- | --- | --- | | 1 | 食品饮料行业 | 7.78 | 4.77 | | 2 | 电子化学品 | 6.98 | 11.11 | | 3 | 银行 | 5.86 | 4.32 | | ব | 交通运输 | 4.75 | 3.62 | | 5 | 航运港口 | 3.46 | 4.80 | | 排名 | 股票名称 | 主力资金净流入(亿元) | 主力资金净流入率(%) | | --- | --- | --- | --- | | 1 | 强力新材 | 4.18 | 26.63 | | 2 | ...

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected increase of over 10% in the industry index relative to the CSI 300 index over the next six months [14]. Core Insights - The A-share market experienced a slight decline on June 19, 2025, with the Shanghai Composite Index closing at 3362.11 points, down 0.79%. The market showed a mixed performance, with sectors like mining, oil, gas, and cultural media performing well, while software development, internet services, electronic components, and chemical pharmaceuticals lagged [2][6]. - The average price-to-earnings (P/E) ratios for the Shanghai Composite and ChiNext indices are 13.93 times and 37.00 times, respectively, which are at the median levels over the past three years, suggesting a favorable environment for medium to long-term investments [2][13]. - The market is expected to maintain a steady upward trend in the short term, with structural opportunities still present, particularly in sectors such as consumer electronics, communication equipment, semiconductors, and aerospace [2][13]. Summary by Sections A-share Market Overview - On June 19, 2025, the A-share market opened lower and experienced slight fluctuations, with the Shanghai Composite Index finding support around 3354 points. The market showed a general trend of minor fluctuations throughout the day, with significant trading volume of 12,810 billion yuan, above the median of the past three years [6][13]. - The performance of various sectors was mixed, with over 60% of stocks declining. Notable gainers included electronic components, optical electronics, consumer electronics, wind power equipment, and aerospace, while sectors like pesticides, beauty care, small metals, medical services, and pharmaceutical commerce saw significant declines [6][8]. Future Market Outlook and Investment Recommendations - The report anticipates a continued moderate recovery in the Chinese economy, driven by consumption and investment. The market expects the Federal Reserve to potentially lower interest rates as early as September, which may lead to further easing of overseas liquidity [2][13]. - Short-term investment opportunities are recommended in sectors such as consumer electronics, communication devices, semiconductors, and aerospace, while close attention should be paid to policy changes, funding conditions, and external market developments [2][13].

6月17日深夜，一则来自创业合作伙伴、前股东谢田飞的实名举报将知名艺人李雪琴推上风口浪尖。 微博认证用户"@老谢同学之你谢哥"发布长文，实名举报李雪琴旗下公司北京十斤文化传媒有限公司存在严重财务问题，并称其与李雪琴因《股权代持协 议》纠纷正在打官司，当天在北京市朝阳区法院进行了第二次一审开庭。 图源：微博截图 "天眼查"信息显示，双方合作公司名为北京十斤文化传媒有限公司，已于2022年6月17日注销。法人代表为李雪阳（李雪琴真名），李雪琴原本持股90%， 后来这部分股份转让给了由李雪琴现任合伙人杨帆参与的上海酥年文化艺术策划合伙企业（于2023年4月26日注销），实际受益人为贾凤春。 | 主要人员 ● | | | | | ◇天眼查 | | --- | --- | --- | --- | --- | --- | | 主要人员2 历史主要人员0 | | | | | 미 함유 | | 序号 | | 姓名 | 出案 | 持股比例 | 个人简介 | | 李雪阳 266 | | | 执行董事,经理 | | 详情 | | 法定代表人 受益所有人, | | | | | | | 2 | 刘 刘斌 | | 版章 | | | | ...

根据举报人微博发布的身份证显示，该男子名叫谢田飞。 新京报贝壳财经讯 6月18日，"网友实名举报李雪琴公司财务问题"冲上热搜。前一天（6月17日）深 夜，网友@老谢同学之你谢哥 发布微博，其自称"曾是李雪琴公司（北京十斤文化传媒有限公司）的股 东"，实名举报该公司财务问题。 据该网友介绍，6月17日，他与李雪琴就《股权代持协议》纠纷一案，在北京市朝阳区法院进行了第二 次一审开庭。庭审中，李雪琴方律师提交了北京十斤文化传媒有限公司的清算报告。该报告显示，公司 剩余资产分配金额为1100余万元。根据双方提供的协议证据及转账记录，其中应分配给他的利润为330 余万元，但他在2021年实际仅收到140万元。根据他现有证据，"北京十斤文化"至少两家子公司账务存 在明显异常，比如，子公司B有1400余万元转入某财务公司账户，该公司在收款第4天即被注销，且该 财务公司实控人为李雪琴现合伙人杨凡所控制公司的财务负责人。 据天眼查，目前，李雪琴（李雪阳）名下关联企业仅上海七吟创意策划工作室处于存续状态，北京十斤 文化传媒有限公司等5家公司已注销。 随后，6月18日下午，李雪琴工作室发布最新声明。其中提到，北京十斤公司及其旗下子 ...

Group 1 - The market experienced a low opening on Monday, followed by a fluctuating upward trend, with the Shanghai Composite Index facing resistance around 3384 points [1] - Cultural media, gaming, software development, and internet services sectors performed well, while precious metals, jewelry, aviation, and aerospace sectors showed weaker performance [1] - The market anticipates that the Federal Reserve may implement its next interest rate cut as early as September, with further overseas liquidity easing still pending [1] Group 2 - Due to the escalation of geopolitical conflicts in the Middle East, the market saw significant adjustments in the previous trading day, but fear sentiment has decreased after the weekend, leading to a rebound [2] - The trading volume has decreased significantly, indicating that market sentiment still needs improvement, and the A-share market is likely to continue its fluctuating trend in the short term [2] - The A-share market is currently in a consolidation phase since the "924" rally, with a wide fluctuation trend, and future policy announcements in late July and September are critical for breaking out of this range [2]

转自：北京日报客户端 我国文化和自然遗产日，是由中华人民共和国国务院设立的节日，于2006年设立；自2017年起将每年六 月第二个星期六的"文化遗产日"，调整设立为"文化和自然遗产日"。 从2006年文化遗产日算起，至今已经20年。如今石景山有越来越多的非遗传承人和文化志愿者加入到对 我国文化和自然遗产的保护集群中，有大专院校、社会各阶层的众多年轻人活跃在对各类项目的不同方 式传播中。 石景山区位于永定河流域的重要地段，地域内民间文学内容丰富，其中《永定河传说》《八大处传说》 已经进入国家级非物质文化遗产代表作名录，《磨石口传说》《京西民谣》进入北京市级非物质文化遗 产代表作名录，《八宝山》传说进入区级名录。 当今社会文化、科技发展条件下，民间传说已经从传统的传播方式扩展为多平台、多渠道、多方式的路 径。见面会中特邀请到八大处传说的读者、石景山区民协会员、北京后端文化传媒艺术总监、导演屈子 杨讲述八大处传说，后端文化传媒一直在喜马拉雅、荔枝、哔哩哔哩、网易云等传媒上做语言类节目， 平台点击量2亿多人次，积累了相当一批听众，这也为八大处传说保护与传播提供了新平台。 磨石口传说的广泛传播，既有驼铃古道地理上的因素 ...

每经记者｜郑步春 每经编辑｜彭水萍 继周一及周二来回震荡后，周四A股转为窄幅横盘，消息面暂时平静。截至收盘，上证综指微涨0.01% 至3402.66点；深综指微涨0.15%，创业板综指涨0.43%，科创50指数跌0.3%，北证50指数跌0.25%。全A 总成交额为13036亿元，较周三的12867亿元微有放大。 从行业来看，贵金属、美容护理、珠宝首饰、多元金融、文化传媒、家用轻工、生物制品等板块涨幅居 前，航运港口、酿酒行业、电子化学品等板块跌幅居前。 汇市方面，已横盘数日的美元指数于周三后半盘开始明显走弱，周三美元指数最终跌0.42%，周四亚欧 交易时段再度下跌，至北京时间16时左右暂跌0.3%至98.33点。人民币汇率周三小幅贬值，周四明显升 值，至上述时间暂于7.185上下波动。 美元下跌与新公布物价数据相关，隔夜美国公布的5月CPI同比涨2.4%，低于预期的2.5%；5月CPI环比 涨0.1%，低于预期的0.2%。在数据公布前，市场中曾有个说法，即关税战有可能使5月物价指标大幅超 预期，故事实上弱于预期的CPI数据公布后即对美元构成些压力，因市场认为美联储或有更大理由降 息。 顺便说下，美国总统特朗普 ...

Market Overview - On June 12, the A-share market opened lower but rose slightly throughout the day, with the Shanghai Composite Index finding support around 3389 points[2] - The Shanghai Composite Index closed at 3402.66 points, up 0.01%, while the Shenzhen Component Index closed at 10234.33 points, down 0.11%[8] - Total trading volume for both markets reached 1,303.8 billion yuan, above the median of the past three years[3] Sector Performance - Strong performers included communication equipment, cultural media, power equipment, and banking sectors, while shipping ports, liquor, agriculture, and tourism sectors lagged[3] - The average P/E ratios for the Shanghai Composite and ChiNext indices were 13.95 times and 37.13 times, respectively, indicating a mid-level valuation compared to the past three years[3] Economic Context - China's economy continues to show moderate recovery, driven by consumption and investment[3] - The recent reduction in reserve requirements and interest rates has led to a generally loose liquidity environment[3] - The market anticipates potential interest rate cuts from the Federal Reserve as early as September, which may further ease overseas liquidity conditions[3] Investment Recommendations - Short-term investment opportunities are suggested in communication equipment, cultural media, power equipment, and diversified finance sectors[3] - Investors are advised to closely monitor policy changes, liquidity conditions, and international market fluctuations[3] Risks - Potential risks include unexpected overseas economic downturns, domestic policy changes, and macroeconomic disturbances[4]

Core Viewpoint - The development of the West Bank area over the past 17 years has been driven by cultural initiatives and a focus on creating a vibrant community, which has established it as a significant commercial and cultural hub in Shanghai [1][4]. Group 1: Cultural Development - The West Bank's transformation began in 2008, leveraging opportunities from the 2010 Shanghai World Expo and the integration of 45 kilometers of public space along the Huangpu River [4]. - The "Museum Avenue Plan" initiated in 2012 led to the establishment of over 20 cultural and artistic venues, making it the largest art hub in Asia [4][5]. - The area hosts over 100 major art exhibitions and events annually, attracting more than 4 million visitors each year [5]. Group 2: Economic and Commercial Growth - Starting in 2017, the West Bank began focusing on the artificial intelligence and cultural media industries, attracting major companies like Tencent, Alibaba, and Huawei [6]. - The West Bank has developed a vibrant commercial ecosystem, with over 20 commercial points along the waterfront, creating a lively atmosphere for visitors [8]. - The upcoming "Media Port Garden" is expected to enhance the area's appeal, having already shown strong initial popularity [8]. Group 3: Future Development and Vision - The "GATE M West Bank Dream Center" represents the next phase of commercial development, aiming to attract both local and national visitors [8][9]. - The future West Bank Financial City will fill a gap in high-end commercial offerings and serve as a key space for international consumer activities [9]. - The overall vision is to create a cohesive urban experience that integrates culture, commerce, tourism, and community engagement [9].