Core Viewpoint - The Ministry of Commerce has announced the inclusion of eight Taiwanese entities in the export control list to safeguard national security and fulfill international obligations regarding non-proliferation [1]. Group 1: Export Control Measures - The announcement prohibits the export of dual-use items to the listed Taiwanese entities, and any ongoing export activities must be halted immediately [1]. - In special circumstances where export is deemed necessary, exporters must apply to the Ministry of Commerce for permission [2]. - The announcement is effective immediately upon publication [3]. Group 2: Listed Entities - The eight Taiwanese entities included in the export control list are: 1. Aerospace Industrial Development Corp. (汉翔航空工业股份有限公司) 2. GEOSAT Aerospace & Technology Inc. (经纬航太科技公司) 3. National Chung-Shan Institute of Science & Technology (中山科学研究院) 4. JC Technology Inc. (仲硕科技股份有限公司) 5. CSBC Corporation, Taiwan (国际造船股份有限公司) 6. Jong Shyn Shipbuilding Co., Ltd. (中信造船股份有限公司) 7. Lungteh Shipbuilding Co., Ltd. (龙德造船工业股份有限公司) 8. Gong Wei Co., Ltd. (攻卫股份有限公司) [5][6].

Core Viewpoint - Shenzhen's Futian District is actively enhancing its foreign investment attraction and business stability efforts, aiming to become a preferred destination for international capital [1][4] Group 1: Foreign Investment Growth - Futian District currently hosts 17,500 foreign enterprises, leading the city in the number of multinational company headquarters recognized in the latest round of applications [1] - From January to May this year, 1,039 new foreign enterprises were established in Futian, representing a year-on-year growth of 28.91% and accounting for 23.57% of the city's total new foreign enterprises [1] Group 2: Foreign Business Service Initiatives - The newly established Foreign Business Service Station in March aims to create a comprehensive service network for foreign enterprises, providing a one-stop service for investment, policy consultation, and business operations [1][2] - The service station has completed 126 consultation services and hosted 8 events focused on policy promotion and investment financing, serving over 50 foreign enterprises [1] Group 3: Service Ecosystem Development - Futian District is building a "1+10+N" foreign investment service ecosystem, which includes one district-level service station, ten street-level service points, and multiple foreign enterprise headquarters [3] - The district's strategic location near Hong Kong and the establishment of the Hong Kong-Shenzhen Innovation and Technology Cooperation Zone enhance its attractiveness for foreign investment [3] Group 4: Policy and Talent Support - Recent policy documents have been issued to strengthen the district's appeal to foreign investment, including a three-year plan to improve living and working conditions for expatriates and create a comprehensive foreign investment service ecosystem [4] - Futian has also upgraded its talent policies, launching initiatives to support international talent and establishing the first international talent station in the Guangdong-Hong Kong-Macao Greater Bay Area [4]

Core Viewpoint - Strong Brain Technology and Xilinmen (603008) have officially signed an exclusive strategic cooperation agreement and launched the world's first co-branded mattress product "Baobao BrainCo" that incorporates brain-machine and EEG technology [1] Group 1: Strategic Cooperation - The partnership marks Strong Brain Technology's first introduction of cutting-edge brain-machine interface technology into the traditional mattress industry [1] - The collaboration aims to create a new paradigm of AI mattress human-machine interaction [1] Group 2: Future Prospects - Strong Brain Technology plans to open more technological application channels to accelerate the commercialization of brain-machine interface technology in smart home and other fields [1]

Macro Dynamics - The National Health Commission of China is intensifying efforts to regulate the internet health science popularization, addressing issues with "internet celebrity doctors" who misuse their authority for profit [1] - The commission emphasizes that medical quality and safety are non-negotiable, urging the public to be cautious and avoid scams [1] Market Data - The average price of pork in China's wholesale markets increased to 20.58 yuan per kilogram, up 1.7% from the previous week [3] Company Dynamics - Shanghai Lego Land officially opened on July 5, with plans for future expansion over the next 5-10 years [10] - Sales of 3C certified power banks have surged following a recall event, leading to stock shortages among some retailers [11] - Road Gang has been appointed as the chairman of Beijing Construction Group, replacing Fan Jun [12]

Core Insights - The number of newly established foreign-funded enterprises in Shenzhen's Futian District reached 1,039 from January to May 2025, marking a year-on-year increase of 28.91%, accounting for 23.57% of the city's total new foreign-funded enterprises [1] - Futian District aims to become the "preferred destination for foreign investment" by leveraging policy benefits and innovative services, supported by the establishment of a foreign business service station [1][2] Group 1: Foreign Investment Services - The foreign business service station in Futian provides a "one-stop" service for foreign investors, including investment inspection, resource matching, policy consultation, and business services [2] - The service station facilitates communication by offering a list of frequently required foreign-related services, including company establishment and tax processing, and features 5G video assistance for real-time consultations [2] Group 2: Service Ecosystem Development - Futian District is building a "1+10+N" foreign investment service ecosystem, with one central service station linked to ten street service points and multiple foreign headquarters buildings [3] - The district has established six street service points and aims for full coverage with ten points by the end of the year, enhancing its attractiveness to foreign investment [3] Group 3: Policy and Talent Initiatives - Futian District has launched the "Futian Talent Gathering 4.0" policy and the "2025 New Journey Education and Technology Talent Package," along with the "Huangtian Talent Recognition Management Measures" [4] - The district is positioned as a core cross-border hub for Shenzhen-Hong Kong collaboration, benefiting from the major cooperation platform of the Hong Kong-Shenzhen Innovation and Technology Cooperation Zone [4]

Economic Data and International Negotiations - The performance of the US stock market, particularly the Nasdaq, is closely tied to the US economy, which is currently in a relatively good state. Recent negotiations with multiple countries, especially the resolution of the digital tax dispute with Canada, have yielded positive outcomes [3] - Despite the PCE inflation rising to 2.7%, US economic data continues to exceed expectations, with strong consumer confidence and ISM PMI indicators. Federal Reserve Chairman Jerome Powell indicated that if not for tariff factors, the Fed might continue to lower interest rates, but uncertainty remains regarding potential rate cuts in July [4] Debt and Political Factors - The conflict between Elon Musk and former President Trump highlights concerns over the US debt issue. Musk emphasizes the dangers of operating with high debt levels, while Trump supports increased fiscal spending through initiatives like the "Beautiful Bill." This ongoing debate reflects the political and fiscal policy dynamics affecting the US debt trajectory [6] Global Asset Allocation Strategy - The importance of global asset allocation is emphasized, advocating for diversification beyond just US dollar or RMB assets to effectively hedge risks. The Nasdaq's strong performance, with a high price-to-earnings ratio of 37 (67th percentile), has provided substantial returns, but caution is advised due to its relatively high valuation [7] Future Outlook for Nasdaq - Although the Nasdaq's valuation is currently at a mid-to-high level, there is potential for valuation correction as earnings grow, particularly with advancements in AI, autonomous driving, and robotics. While the bull market is not over, short-term volatility is expected, necessitating a cautious investment approach [8] Summary - Overall, the Nasdaq remains part of a bull market, with the potential for continued growth driven by strong economic data and innovations in technology. However, investors should maintain flexible positions and avoid over-reliance on any single asset, while keeping an eye on the implications of US debt and deficit issues for global economic stability [9]

Core Viewpoint - The company, 日联科技, is implementing a differentiated dividend distribution plan for the year 2024, which includes cash dividends and capital reserve transfers, following the regulations set forth by relevant authorities [1][2][5]. Group 1: Differentiated Dividend Reasons - The company plans to repurchase shares using its own funds through the Shanghai Stock Exchange, with a repurchase price not exceeding 123.01 yuan per share and a total repurchase amount between 1 billion and 2 billion yuan [1]. - The differentiated dividend distribution is based on the company's profit distribution plan, which aims to ensure fair rights allocation among shareholders [2]. Group 2: Dividend Distribution Plan - The company intends to distribute a cash dividend of 6.00 yuan (including tax) for every 10 shares held and to increase capital reserves by 4.5 shares for every 10 shares, without issuing additional shares [2]. - As of June 23, 2024, the company completed the transfer of 595,600 shares related to its restricted stock incentive plan, reducing the number of shares in the repurchase account to 972,136, with a total participating share capital of 113,532,278 shares [2]. Group 3: Calculation Basis for Dividend - The ex-dividend reference price is calculated based on the previous closing price minus the cash dividend, adjusted for the change in circulating shares [3]. - The actual participating share capital is 113,532,278 shares, and the calculated ex-dividend reference price is approximately 46.2483 yuan per share based on actual distribution [3]. Group 4: Impact of Dividend Distribution - The impact of the differentiated dividend distribution on the ex-dividend reference price is less than 1%, indicating minimal effect on the overall share value [4]. - The company’s repurchased shares will not significantly affect the dividend distribution, ensuring that shareholder interests are maintained [5].

Group 1 - The core idea of the news is the introduction of a system for seasoned professional institutional investors in the Sci-Tech Innovation Board to enhance the identification and judgment of the technological attributes and commercial prospects of tech companies [1][2] - The introduction of seasoned professional institutional investors aims to address the valuation challenges faced by unprofitable tech companies, which often have high R&D costs and long commercialization cycles [1][2] - The system is expected to help improve the identification of quality tech companies by leveraging the expertise and investment experience of seasoned professional institutional investors [1][2] Group 2 - The Shanghai Stock Exchange is developing relevant business rules to define the standards for recognizing seasoned professional institutional investors and to strengthen self-regulation [2] - The trial implementation of this system is based on successful practices from mature overseas markets, where private equity and venture capital have played crucial roles in the commercialization of advanced technologies [2][4] - The system will initially be limited to companies meeting the fifth set of listing standards, and the involvement of seasoned professional institutional investors will serve as a reference for the review process rather than a new listing condition [3][4] Group 3 - The introduction of seasoned professional institutional investors is expected to stabilize the stock market by encouraging long-term investments and reducing capital volatility [3][5] - The Hong Kong Stock Exchange has implemented a similar system, which has shown positive results in terms of revenue growth and reduced losses for companies listed under specific rules [4] - The growth of diverse investment entities, including private equity and venture capital, has provided significant funding support for tech companies at various stages of development [5]

深圳市科思科技股份有限公司 第一条 为了进一步完善深圳市科思科技股份有限公司（以下简称"公司"） 法人治理结构，促进公司规范运作，增强公司决策的独立性和科学性，更好地保 护全体股东特别是中小股东的合法权益，根据《中华人民共和国公司法》、《上 市公司章程指引》、《上海证券交易所科创板股票上市规则》（以下简称"《上 市规则》"）、《上海证券交易所上市公司自律监管指引第5号——交易与关联 交易》等法律、法规、规范性文件以及《深圳市科思科技股份有限公司章程》（以 下简称"《公司章程》"）的有关规定，制定本制度。 第二条 公司关联交易应当遵循以下基本原则： （一）符合诚实信用的原则，保证关联交易的合法性、必要性、合理性和公 允性； （二）公司与关联人之间的关联交易应签订书面协议，协议的签订应遵循平 等、自愿、等价、有偿的原则； （三）与关联方有任何利害关系的董事、股东，在就该关联交易相关事项进 行表决时，应当回避； （四）公司董事会应当根据客观标准判断该关联交易是否对公司有利； （五）不得利用关联交易调节财务指标，损害公司利益。 第三条 公司关联交易，是指公司或者其合并报表范围内的子公司等其他主 体与公司关联人之间发生 ...

Macro News - The People's Bank of China emphasized the need to implement incremental policies to stimulate economic recovery, focusing on supporting technological innovation and consumption [2] - The Ministry of Commerce of China firmly opposes unilateral tariff measures by the U.S. that harm Chinese interests, advocating for fair negotiations [3] - U.S. President Trump announced the immediate cessation of all trade negotiations with Canada due to Canada's proposed digital services tax [4][5][6] Regulatory Actions - The China Securities Regulatory Commission (CSRC) is taking strict actions against Nanjing Yuebo Power System Co., Ltd. for information disclosure violations, holding both the company and responsible individuals accountable [7] - Major adjustments are being proposed for the A-share market, including a change in the price fluctuation limit for risk-warning stocks from 5% to 10% [8] Market Adjustments - The Hong Kong Stock Exchange will increase transaction fees from 0.002% to 0.0042% starting June 30, 2025, affecting mainland investors participating in various trading activities [9][11] Company Developments - Neuralink, a company owned by Elon Musk, plans to implant brain-machine interface chips in the speech cortex by Q4 2025, with ambitious goals for enhancing human capabilities and treating neurological conditions by 2028 [12] - Hong Kong's Financial Secretary announced that the Stablecoin Regulation will take effect on August 1, 2025, aiming to create a favorable market environment for stablecoin applications [13] - China Rare Earth Group clarified that recent executive changes were part of normal personnel adjustments and did not affect the company's operations [14] - Xiaomi responded to concerns regarding a vehicle fire incident during testing, clarifying that the vehicle's braking system remained functional [15] - Tesla successfully completed its first fully autonomous delivery of a Model Y, showcasing advancements in self-driving technology [16] Market Insights - Everbright Securities predicts that the market index will remain volatile, with a focus on domestic consumption and domestic substitution themes [21] - Dongwu Securities anticipates a significant possibility of the index breaking last year's high, with growth stocks expected to lead the market [22] - China Galaxy Securities forecasts that COMEX gold prices could reach $3,500 per ounce under extreme risk scenarios, while WTI oil prices may fluctuate based on geopolitical developments [23]