Group 1 - The core index of the CSI Hong Kong-Shanghai-Shenzhen Connect Small Cap Consumer Index reported at 5488.14 points, showing a decline of 1.54% over the past month, an increase of 2.05% over the past three months, and a year-to-date increase of 3.77% [1] - The CSI Hong Kong-Shanghai-Shenzhen industry index series categorizes the CSI 500, CSI Hong Kong-Shanghai-Shenzhen Connect Small Cap Composite, and CSI Hong Kong-Shanghai-Shenzhen Connect Composite Index into 11 industries to reflect the overall performance of different industry companies [1] - The top ten holdings of the CSI Hong Kong-Shanghai-Shenzhen Connect Small Cap Consumer Index include Meihua Biological (2.53%), Zhengbang Technology (2.43%), Yanjing Beer (2.2%), Anjii Food (1.83%), Maogeping (1.79%), Hengan International (1.76%), Dabeinong (1.66%), Dekang Animal Husbandry (1.64%), First Pacific (1.57%), and Bairun Co. (1.55%) [1] Group 2 - The market share of the CSI Hong Kong-Shanghai-Shenzhen Connect Small Cap Consumer Index holdings is 41.28% from Shanghai Stock Exchange, 41.17% from Shenzhen Stock Exchange, and 17.55% from Hong Kong Stock Exchange [2] - The industry composition of the CSI Hong Kong-Shanghai-Shenzhen Connect Small Cap Consumer Index holdings shows that food accounts for 32.70%, breeding for 20.94%, liquor for 17.06%, planting for 8.99%, beauty care for 6.79%, soft drinks for 6.78%, and household goods for 6.75% [2] - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [2]

今年以来，恒指从最低18600点附近开启反弹行情，波动上行创出年内新高，年初至今累涨19.07%。若 从年内最低点与最高点测算，其波幅更近30%，在全球各类资产中"遥遥领先"。 在亚太投资市场整体回暖的背景下，新鸿基公司(00086)亦频繁收获好消息，三大核心业务线——信贷 业务、投资管理与基金管理协同发力，展现出多元投资平台的强劲优势。该公司年初至今股价已上涨约 30%，深度契合港股结构性机遇与全球资本配置趋势。 投资组合收获硕果，基金业绩获国际权威认可 近日，新鸿基公司投资的母婴企业圣贝拉(02508)正式登陆港交所主板，成为"全球品质家庭护理第一 股"。上市首日，圣贝拉股价开盘即上涨，盘中涨幅一度超过50%，总市值超过60亿港元。 根据公告，圣贝拉此次发售股份数目共计1.09亿股，IPO募集所得款项总额7.22亿港元，净额为6.3亿港 元。本次IPO中，圣贝拉的香港公开发售认购倍数高达193倍，充分展现了市场对公司的看好。 值得关注的是，在圣贝拉的高增长背后，蕴藏着新消费逻辑的质变。女性消费正从"家庭牺牲"转向"自 我投资"。在悦己消费浪潮下，瞄准高端的圣贝拉筑造了难以复制的竞争壁垒，也验证了新鸿基公司 ...

Market Overview - The Shanghai Composite Index increased by 0.36% as of the morning close, with a trading volume of 783.11 million shares and a transaction amount of 934.47 billion yuan, a decrease of 3.50% compared to the previous trading day [1] Industry Performance - Real estate, banking, and oil & petrochemicals sectors showed the highest gains, with increases of 1.53%, 1.42%, and 1.23% respectively [1] - The automotive, defense, and electronics sectors experienced the largest declines, with decreases of 0.93%, 0.92%, and 0.76% respectively [2] Leading Stocks - In the real estate sector, Yuhua Development led with a gain of 9.94% [1] - In the banking sector, Minsheng Bank rose by 5.12% [1] - In the oil & petrochemicals sector, *ST Xinchao increased by 5.08% [1] - In the steel sector, Jinling Mining surged by 10.02% [1] - In the non-bank financial sector, Nanhua Futures also rose by 10.02% [1] - In the pharmaceutical sector, Qianyuan Pharmaceutical saw a significant increase of 19.98% [1] Sector Summary - The real estate sector had a transaction amount of 117.03 billion yuan, up 26.74% from the previous day [1] - The banking sector recorded a transaction amount of 266.82 billion yuan, up 36.61% [1] - The oil & petrochemicals sector had a transaction amount of 80.95 billion yuan, up 36.47% [1] - The automotive sector had a transaction amount of 389.36 billion yuan, down 16.50% [2] - The defense sector recorded a transaction amount of 316.85 billion yuan, down 23.79% [2] - The electronics sector had a transaction amount of 1,036.63 billion yuan, down 10.88% [2]

Core Insights - The article highlights the strategic transformation of Henkel's Consumer Brands division in China, emphasizing its shift from merely entering the market to actively participating in local partnerships and innovations [1][2][3]. Group 1: Strategic Developments - Henkel's Consumer Brands division has executed three significant strategic acquisitions in the past four years, including the purchase of Shiseido's professional hair business in the Asia-Pacific region, the integration of Vidal Sassoon's operations, and the acquisition of Suzhou Boke Biotechnology [2][3]. - The acquisition of Shiseido's professional hair business in 2022 allowed Henkel to incorporate key brands like Sublimic and Primience, enhancing its product offerings [2]. - In 2024, Henkel acquired P&G's Vidal Sassoon brand, further strengthening its portfolio in the hair care sector [2]. Group 2: Local Manufacturing and Supply Chain - The acquisition of Suzhou Boke in 2025 bolstered Henkel's local manufacturing capabilities, improving supply chain flexibility and responsiveness to market changes [3]. - Henkel's management of Vidal Sassoon's operations in Greater China aims to upgrade the brand across various aspects, injecting new vitality into the hair care industry [3]. Group 3: Innovation and Consumer Engagement - The shift in consumer behavior towards technology-driven and personalized experiences has prompted Henkel to adapt its R&D approach, focusing on local consumer needs [4][5]. - Henkel is enhancing its local R&D and production capabilities to respond swiftly to market changes, while leveraging e-commerce and targeted marketing for effective consumer engagement [5]. Group 4: Industry Contribution and Sustainability - Henkel is committed to contributing to the hairdressing industry's progress through initiatives like the Schwarzkopf Professional Hairdressing Awards, which have been held for over 20 years [6][7]. - The establishment of the Vidal Sassoon Academy in Shanghai aims to cultivate internationally-minded professionals in the hairdressing sector [6]. - Henkel emphasizes its environmental responsibility by improving the eco-friendliness of its products, even at the potential cost of short-term profits [7].

随着中国对外开放的程度不断拓展，全球各大企业纷纷看中了这片热土所蕴含的无限商机。众多享誉国际的跨国公司正逐渐从单纯的市场开拓者转 变为与中国携手共进的合作伙伴，在推动科技创新、促进产业升级、加强生态建设等多个领域展现出强大的协同效应。作为汉高核心业务部门，汉 高消费品牌业务部深度洞察中国市场并精准布局，以科技创新为引领，在美发、洗涤剂及家用护理领域取得了非凡业绩。 自进入中国以来，汉高消费品牌业务部不断深化在华业务布局，特别是在美发与个人护理领域，其消费品牌业务在中国经历了从"初步引入"到"深度本土 化"的飞跃发展。 "我们不是在等待市场机会，而是在主动参与市场布局。"汉高消费品牌业务部大中华区副总裁钟经伟在接受新华网专访时表示，"对中国市场的信 心，体现在我们每一步战略决策中。"汉高消费品牌业务部的精彩故事，正是中国不断扩大开放、与世界共享发展机遇的生动缩影。 连续战略布局 深化本土化发展布局 2025年，其战略版图进一步延伸至本土制造领域。通过收购苏州博克生物科技股份有限公司，增强了自身的本土制造实力。这不仅提升了其供应链的灵活 性和响应速度，更体现了其扎根中国市场的决心，能够更精准地契合中国消费者的需求 ...

Group 1 - In June, China's Producer Price Index (PPI) decreased by 0.4% month-on-month, with some industries showing signs of price stabilization and recovery [1] - The main reason for the month-on-month decline in PPI was the seasonal decrease in prices of certain raw material manufacturing industries, influenced by high temperatures and increased rainfall affecting construction progress in real estate and infrastructure projects [1] - The increase in green energy production contributed to a decrease in energy prices, with the electricity and heat production and supply industry seeing a month-on-month price drop of 0.9% [1] Group 2 - The year-on-year decline in PPI expanded by 0.3 percentage points to 3.6% in June, influenced by both month-on-month declines and changes in comparison bases [1] - The construction of a unified national market has led to a narrowing of year-on-year price declines in certain industries, with prices for gasoline and diesel vehicle manufacturing and new energy vehicle manufacturing increasing by 0.5% and 0.3% respectively [2] - Policies aimed at boosting consumption have led to a year-on-year increase in prices of daily necessities, with general daily goods and clothing prices rising by 0.8% and 0.1% respectively in June [2]

聚焦下沉市场，专注于家庭护理及营养产品领域的交易及服务平台——Yangtuo Technology Inc.（下 称"海拍客"），正式向港股市场进军。智通财经APP获悉，据港交所6月30日披露，海拍客向港交所主 板递交上市申请，中信证券为其独家保荐人。 招股书显示，海拍客成立于2015年。公司通过整合家庭护理及营养产品供应链，为企业客户提供家庭护 理及营养产品组合，优化消费者体验并推动低线市场消费升级。据弗若斯特沙利文的资料，按2024年交 易额计，公司成为中国低线市场家庭护理及营养产品行业为企业提供服务的最大的交易及服务平台，市 场份额为10.1%。 | 排名 | 公司 | 交易额(1) | 市場份額(2) | | --- | --- | --- | --- | | | | (人民幣十億元) | (%) | | | 本集團 | 8.6 | 10.1 | | 2 | 公司A(3) | 5.1 | 5.9 | | 3 | 公司B(4) | 3.5 | 4.1 | | 4 | 公司((5) | 2.6 | 3.0 | | | 公司D(6) | 2.4 | 2.8 | | 小計 | | 22.2 | 25.9 | ...

来源： 国家统计局官网 2025 年 6 月份 CPI 同比由降转涨 核心 CPI 继续回升 ——国家统计局城市司首席统计师董莉娟解读 2025 年 6 月份 CPI 和 PPI 数据 6 月份，扩内需、促消费政策持续显效，居民消费价格指数（ CPI ）同比由上月下降转为上 涨 0.1% ；环比下降 0.1% ，降幅比上月收窄 0.1 个百分点；扣除食品和能源价格的核心 CPI 同比继续回升，上涨 0.7% 。工业生产者出厂价格指数（ PPI ）环比下降 0.4% ，降幅 与上月相同，同比下降 3.6% ，降幅比上月扩大 0.3 个百分点。 一、 CPI 同比由降转涨，核心 CPI 继续回升 CPI 同比上涨 0.1% ，为连续下降 4 个月后转涨。 CPI 由降转涨主要受工业消费品价格有所 回升影响。 工业消费品价格同比降幅由上月的 1.0% 收窄至 0.5% ，对 CPI 同比的下拉影 响比上月减少约 0.18 个百分点。其中，油价变动影响能源价格降幅比上月收窄 1.0 个百分 点，对 CPI 同比的下拉影响比上月减少约 0.08 个百分点；受国际大宗商品价格变动影响， 金饰品和铂金饰品价格同比分别上涨 ...

整治价格内卷初显效。 7月9日，国家统计局公布的数据显示，6月份居民消费价格指数（CPI）同比由上月下降转为上涨0.1%， 环比降幅比上月收窄，扣除食品和能源价格的核心CPI同比继续回升，创近14个月以来新高。工业生产者 出厂价格指数（PPI）环比降幅与上月相同，同比降幅扩大，但部分行业供需关系有所改善，价格呈企稳 回升态势。 值得一提的是，部分供需关系改善的行业，治理企业低价无序竞争力度加大，新能源汽车、光伏设备零部 件和锂离子电池等制造价格改善。 CPI同比结束持续4个月的下降走势 6月份，CPI同比上涨0.1%。其中食品价格同比下降0.3%，非食品价格同比上涨0.1%。 国家统计局城市司首席统计师董莉娟分析，CPI同比在连续下降4个月后转涨，这主要受工业消费品价格有 所回升影响。 6月份工业消费品价格同比降幅由上月的1.0%收窄至0.5%，对CPI同比的下拉影响比上月减少约0.18个百 分点。其中，受国际大宗商品价格变动影响，金饰品和铂金饰品价格同比分别上涨39.2%和15.9%，合计 影响CPI同比上涨约0.21个百分点；汽车价格降幅逐步收窄，燃油小汽车和新能源小汽车价格同比分别下 降3.4%和2.5 ...

沪指站上3500点。 A股市场今天（7月9日）上午整体上行，主要指数盘中不同程度上涨，其中上证指数时隔8个月重返3500点，引起市场广 泛关注。 港股市场上午整体走低，恒生指数盘中跌破24000点整数关口。 国内期货市场方面，多晶硅期货主力合约暴涨，盘中涨幅一度超过6%。 沪指时隔8个月重返3500点 A股市场今天上午整体上行，主要指数盘中不同程度上涨。 上证指数盘中突破3500点，盘中最高至3512.67点，这是时隔8个月上证指数重新回到3500点之上，上一次上证指数盘中 在3500点之上还是2024年11月8日，当天盘中上证指数最高至3509.82点。 创业板指数进一步上行，盘中涨超1%，突破2200点整数关口。 行业板块和赛道方面，若按照申万一级行业划分，传媒、电力设备、食品饮料、农林牧渔、美容护理等板块涨幅居前，有 色金属、钢铁、基础化工等板块领跌。 概念板块方面，短剧游戏概念板块领涨，板块盘中涨幅超过2%，欢瑞世纪、掌阅科技等多股盘中涨停。 个股方面，又有多股连续涨停，相关公司普遍提示风险。 比如国投中鲁连续第3个交易日盘中涨停。 国投中鲁昨晚发布公告称， 正在筹划通过发行股份方式向国家开发投资集团 ...