21世纪经济报道记者 余纪昕 上海报道 进入7月，资管机构今年下半年配置策略正发生方向性调整。 梳理今年上半年市场表现，权益市场方面，A股呈现典型的"N型"震荡上行态势。截至6月30日，上证指 数收报3444.42点，上半年累计上涨2.76%；深证综指上涨5.99%；创业板指微涨0.53%。市场风格分化明 显，小盘成长股表现突出，北证50指数以39.45%的涨幅领跑全场。 固收市场则演绎了一轮"倒V型"行情。一季度受央行流动性投放谨慎影响，资金面持续紧平衡，非银机 构交易员曾感慨隔夜资金成本高企。据本报此前报道，部分大行曾在一季度末抛售浮盈老券调节收益。 叠加央行1月暂停国债买卖操作，10年期国债收益率从年初1.6%的低位攀升至3月中旬的1.9%。二季度 随着资金面改善及5月降准降息落地，收益率震荡回落，6月末报1.64%，基本回归年初水平。 下半年"赛程"已至，资管机构"怎么说"？一家大型券商资管FOF投资部人士告诉记者，"我们今年计划 增配黄金资产，只要持仓比例控制在10%以内都算合理配置。但加仓时机需要审慎把握，尤其要密切关 注海外格局。" 某国有大行理财子公司权益投资交易人士则称，股市方面，看好新消费 ...

0:00 近日，暑期消费热潮席卷全国。多地通过文旅体融合、农旅直播、康养体验等多元业态创新，推动数码装备、休闲服务、红色教育等消费场景 升级，让夏日经济在模式创新中释放强劲动能，成为拉动内需的重要增长点。 ■"苏超"赛事为媒 体旅商融合引燃消费爆点 连日来，江苏省城市足球联赛火热进行。连云港市以"足球+文旅"为引擎，推出跨城旅游优惠政策，吸引球迷共赴"足"旅之约，让游客在感受 足球魅力的同时，领略连云港的山海之美、人文之韵。 连云港将足球激情、西游文化与地方特色产业充分融合，为全国球迷和游客准备了海鲜盛宴、商超嗨购、线上狂欢等多重消费豪礼，助力"港 城"点燃夏日消费热潮。 ■以"热"康养 沙疗季迎来消费新场景 每年6月初至8月底，是新疆吐鲁番沙疗的黄金时节，众多游客和康养爱好者纷至沓来。 随着高考结束，暑期到来，新疆乌鲁木齐迎来一波消费热潮，为当地注入了新的消费活力和经济增长点。 数码产品、美发美甲、学车等成为高考考生的消费热点。当地商家推出专属优惠政策，从入学装备到技能提升、形象焕新等消费场景持续升 温。 ■"直播+冷链+农旅"三链融合 解锁荔枝消费新范式 盛夏时节，岭南荔枝红遍山野。为更好助"荔"转型升级 ...

Core Viewpoint - Ping An Health Medical Technology Co., Ltd. has become a leading provider of healthcare and elderly care management services in China, focusing on the integration of financial services and healthcare, and is expected to achieve comprehensive profitability in 2024 [1][2] Group 1: Company Overview - Established in 2014, Ping An Health is the flagship of Ping An Group's healthcare and elderly care ecosystem and was listed on the Hong Kong Stock Exchange in May 2018 [1] - The company is now an indirect non-wholly owned subsidiary of Ping An Group, with its financial performance included in the group's consolidated financial statements [1] Group 2: Financial Performance - In 2024, the company is projected to achieve total revenue of 4.808 billion yuan, with a net profit of 81 million yuan and a gross margin of 31.7%, remaining stable compared to the previous year [1] - The revenue from medical services is expected to grow steadily, while the elderly care service segment is anticipated to see accelerated growth [1] - The company reported revenues of 2.42 billion yuan from financial users (F-end) and 1.43 billion yuan from corporate clients (B-end), with F-end growing by 9.6% year-on-year and B-end by 32.7% [1] Group 3: Future Outlook and AI Integration - The company is actively exploring the integration of AI in healthcare, leveraging its own research and the technological advantages of Ping An Group [2] - The deployment of the DeepSeek model is aimed at enhancing data integration and service capabilities in healthcare [2] - Revenue forecasts for 2025-2027 are projected at 5.459 billion yuan, 6.157 billion yuan, and 6.977 billion yuan, with year-on-year growth rates of 13.5%, 12.8%, and 13.3% respectively [2] - The net profit for the same period is expected to be 205 million yuan, 311 million yuan, and 417 million yuan, with significant growth rates of 152.1%, 51.4%, and 34.0% [2]

Core Insights - Gansu is highlighted as a region full of opportunities and potential for high-quality development, particularly for Taiwanese businesses [1][3]. Group 1: Event Overview - The "Taiwanese Business in Gansu" promotional event was held in Lanzhou, attended by over 300 Taiwanese business representatives [1][3]. - The National Taiwan Enterprise Federation's sixth member representative meeting was successfully convened, marking a significant step for cross-strait cooperation [3]. Group 2: Investment Landscape - Currently, there are 151 Taiwanese-funded enterprises in Gansu, primarily located in cities along the Silk Road, with 60% focused on agriculture and food processing [3]. - Gansu is positioned as a key hub for the Silk Road Economic Belt, presenting three core opportunities: integration of new energy and manufacturing, upgrading of arid agriculture, and development as a western opening hub [5]. Group 3: Strategic Advantages - Gansu is developing into a modern cold and arid agricultural base, with significant potential for collaboration in agricultural machinery research and product processing with Taiwanese enterprises [5]. - The region's strategic initiatives include the construction of a western opening corridor, a new energy and manufacturing base, and a modern cold and arid agricultural demonstration base, making it a priority for Taiwanese investment [6]. Group 4: Future Prospects - The National Taiwan Enterprise Federation plans to organize visits for Taiwanese business representatives to explore opportunities in traditional Chinese medicine, agriculture, and health industries in Gansu [6].

Group 1 - The 2025 Zhongshan Investment Promotion Conference showcased a favorable business environment to over 400 investors from more than 20 countries, with a total intended investment exceeding 100 billion yuan [2][3] - A total of 30 key projects were signed during the conference, covering various sectors such as high-end manufacturing, technological innovation, and cultural tourism, aligning with Zhongshan's development plans and economic trends [4][5] - Zhongshan's government signed strategic cooperation agreements with major companies, including a framework agreement with Chia Tai Pharmaceutical Group focusing on biomedicine and a collaboration with China Telecom Guangdong on AI and industrial innovation [4][5] Group 2 - The "2+8" industrial blueprint was announced, featuring dual core engines and eight economic development zones to support the cultivation of new productive forces and modern industrial systems [3] - The conference highlighted the transformation of traditional industries and the emergence of new industries, with local companies like Mingyang Group and Vatti Gas increasing their investments [3][4] - The event also included simultaneous sessions in Beijing and Hangzhou, emphasizing Zhongshan's advantages in industrial development, policy support, and innovation ecosystem [6]

Core Viewpoint - The article highlights the successful implementation of a "chain service" model by Luotian Rural Commercial Bank, which has significantly boosted the development of the tourism and wellness industry in Luotian County through targeted financial support [1][2]. Group 1: Financial Support and Mechanism - Luotian Rural Commercial Bank provided a loan of 9.8 million yuan to enhance the Yaner Valley scenic area, showcasing the effectiveness of the "chain service" model [1]. - The "chain service" model involves a "financial chain leader" approach, where bank executives engage directly with core enterprises and related parties in the industry chain to accurately identify financial needs [1]. - The bank established a "four-special" service system, which includes dedicated teams, guaranteed special credit scales, expedited approval channels, and exclusive preferential interest rates to ensure financial resources reach critical points in the industry chain [1]. Group 2: Impact on Local Economy - The financial support from Luotian Rural Commercial Bank has activated the entire industry chain, leading to increased land circulation and expanded specialty planting in surrounding villages, benefiting over a hundred local farmers [2]. - The construction and maintenance of the scenic area have created over 120 stable jobs, including 46 positions for returning local youth [2]. - The growth in tourism consumption has positively impacted surrounding service industries such as dining, retail, and transportation, contributing to the overall economic prosperity of the region [2].

Core Insights - The event in Kobe, Japan, highlighted a strategic partnership between the Guangdong-Hong Kong-Macao Greater Bay Area and Japan's Kansai region, focusing on green energy and health industries [1][2] - The collaboration aims to integrate resources and innovation across various sectors, including offshore wind power, hydrogen energy, and smart medical devices [1][3] Group 1: Industry Collaboration - The meeting attracted 350 representatives from Chinese and Japanese enterprises, discussing cooperation in health technology, market expansion, and product innovation [2] - The Guangdong-Hong Kong-Macao Greater Bay Area is recognized for its high economic vitality and innovation-driven approach, leading to a new wave of industrial transformation [2][3] - The partnership emphasizes a "Japan technology + Bay Area intelligence" model, leveraging Japan's advanced medical technology and Guangdong's market potential [3][4] Group 2: Aging Population Solutions - Both regions face aging population challenges, with Japan having a well-established elder care system and Guangdong possessing advantages in AI healthcare and remote monitoring [5][4] - The collaboration aims to combine Japan's expertise in elder care with Guangdong's technological capabilities, creating new business opportunities [5][6] Group 3: Innovative Business Models - The event showcased a shift from traditional trade to innovative collaboration, with over 60% of discussions focused on joint research and technology licensing rather than simple trade [6][7] - The partnership is expected to enhance global competitiveness, with examples of successful integration of Japanese precision manufacturing in Guangdong's wind power equipment [6][7] Group 4: Investment Opportunities - Hong Kong is positioned as a regional headquarters for over 1,400 Japanese companies, facilitating connections to mainland innovation [7] - The Greater Bay Area's market size and high GDP per capita make it an attractive investment destination for Japanese enterprises [7][8]

封面新闻记者 王越欣 岷东新区两大商圈热闹夜景。图据活动主办方 此次抛出的300亿元投资"大礼包"，涵盖43个具体机会，聚焦数字经济产业园、总部经济集群、产教融合示范基地、现代商贸服务综合体、高端康养社 区、文旅休闲度假区六大类别，东坡区、岷东新区将以"发展优先保障、项目优服重推、企业优配资源"的"三优"政策护航投资。 "这里既有产业集群优势，又有紧邻成都的区位优势，是理想的投资目的地。"重庆大龙网集团投拓中心总经理李万清表示。东坡区委常委、组织部部长程 玉向全球投资者发出邀约："我们将一如既往展现最大诚意、一心一意做好服务保障、一以贯之优化产业生态、一抓到底推动政策落实。" 活动现场。图据活动主办方 签约仪式。图据活动主办方 如今的岷东新区，产城共融画卷已现雏形——川大眉山校区静待9月启用，金悦汇商圈客流如织，滨江公园绿意盎然。随着市域铁路S5线加速建设，新区 深度融入成都"半小时经济圈"，"成都区位、岷东成本"的独特优势日益凸显。全省首批智能制造数字化转型促进中心、眉山大数据中心等平台相继落户， 核心商圈年客流量超百万，产业沃土已然成型。 6月28日，"智汇岷东·数赢未来"眉山市东坡区招商推介会在成都举行 ...

当日在启动仪式上，第四批成员单位正式加入联建机制。北京一轻控股有限责任公司、北京通用人工智能研究院、京报传媒经营有限公司、北京工商大 学4家单位的加入，将进一步扩大党建联建机制规模，覆盖更加广泛的领域，为深化党建共建、党业融合、互促改革创新发展提供更多借鉴和助力。 党建引领企业发展和产业创新，共创首都经济新质生产力。6月24日，"党建引领产业创新联建机制系列活动"在北京启动，来自政府、企业和高校界的嘉 宾百余人参加。活动旨在进一步深入贯彻党中央关于"以高质量党建引领保障高质量发展"精神，更好发挥"党建引领产业创新联建机制"平台作用，持续推动 党建与生产经营深度融合，充分发挥国资国企服务社会、服务民生的社会责任，携手共促惠民消费。 同仁堂集团党委书记、董事长戴小锋在致辞时表示，党建联建机制的建立源于各成员单位对"党建引领创新发展"的共同需求，通过强化党建引领，凝聚 组织合力，以党建联建的方式为国有企业产业创新发展注入了强大的红色动能。 他表示，回望一年来的并肩前行，成员单位秉持"党建引领、资源共享、优势叠加、协同发展"的合作理念，在党建引领产业创新发展的道路上进行了有 益探索。各成员单位将党建工作融入企业治理， ...

【 导读 】 基金经理解读消费新政 中国基金报记者 张燕北 孙晓辉 消费板块再迎重磅利好！ 6月24日，中国人民银行、国家发展改革委、财政部、商务部、金融监管总局、 中国 证监会 等六部门 联合发布《关于金融支持提振和扩 大消费的指导意见》（ 以下 简称《指导意见》），从支持增强消费能力、着力提升金融机构专业化服务能力、加大消费重点领域金融支 持、强化消费基础设施和流通体系的金融支持、加强基础金融服务优化消费环境等方面提出19条具体举措，为更好发挥消费对经济发展的 基础性作用提供有力支撑。 受访基金经理认为，该政策立足长远，有利于打通消费领域尤其是服务消费和新消费的金融堵点，激活内需新引擎。 对资本市场而言，由于消费板块当前估值处于历史低位，政策落地将显著提振信心， 服务消费或好于实物消费 。不过，部分前期涨幅较大 的"新消费"概念股可能面临调整压力。 打通金融堵点 激活内需新引擎 在受访基金经理看来， 提振消费是我国经济转型的重头戏。外围不确定性的增加使市场交易主线从出口驱动转向内需驱动。 《指导意见》 的 推出， 主要目的在于打通金融堵点，激活内需新引擎。 永赢新兴消费智选基金经理蒋卫华表示， 当前外需不 ...