Group 1 - China Construction Bank and China Merchants Bank have lowered their deposit rates, with the one-year fixed deposit rate dropping below 1% [2] - The new rates for China Construction Bank include a 5 basis point reduction for current deposits to 0.05%, and a 15 basis point reduction for fixed deposits across various terms [2] - The adjusted rates for fixed deposits are now 0.65% for three months, 0.85% for six months, 0.95% for one year, and 1.05% for two years [2] Group 2 - Huawei has launched its first Harmony OS foldable laptop, the HUAWEI MateBook Fold, which is the world's largest foldable screen laptop at 18 inches [4] - Huawei expects that by the end of this year, its Harmony OS laptops will support over 2,000 integrated ecological applications [4] Group 3 - Moody's has downgraded the credit rating of the United States by three levels, citing high debt levels as a concern [6] - The Chinese Foreign Ministry has urged the U.S. to adopt responsible policy measures to maintain the stability of the international economic and financial system [6] Group 4 - The Ministry of Finance of China has announced operations to support the market-making of government bonds to enhance liquidity in the secondary market [8] - This initiative aims to improve the yield curve of government bonds reflecting market supply and demand [8] Group 5 - The National Development and Reform Commission has announced a reduction in domestic gasoline and diesel prices by 230 yuan and 220 yuan per ton, respectively, effective from May 19 [10][11] Group 6 - The Shanghai Municipal Human Resources and Social Security Bureau has launched a plan to train 50,000 certified live-streaming talent from 2025 to 2027 [13] - The plan aims to expand training services and optimize the structure of live-streaming talent in the city [13] Group 7 - Guizhou Moutai has approved a profit distribution plan for the 2024 fiscal year, proposing a cash dividend of 276.24 yuan per 10 shares, totaling 34.672 billion yuan [22]

Group 1 - The Ministry of Industry and Information Technology and other departments issued an implementation opinion to promote the high-quality development of the technology service industry, focusing on research and development, technology transfer, and enterprise incubation [1] - The State Administration of Foreign Exchange reported a continued positive trend in foreign investment in RMB assets, with a net increase of $10.9 billion in domestic bonds in April, and a shift to net buying in domestic stocks by foreign investors in late April [1] - TSMC plans to increase prices for its advanced process nodes, with a 10% price hike for 2nm wafers and a potential increase of up to 30% for its 4nm manufacturing node [1] - The National Financial Supervision and Administration Bureau approved Xinhua Insurance's participation in the third batch of long-term investment reform pilot projects, aiming to expedite the entry of long-term funds into the market [1] Group 2 - Kweichow Moutai's shareholders' meeting approved a profit distribution plan for 2024, proposing a dividend of 276.24 yuan per share [2] - Liren Lizhuang reported a cumulative transaction amount (GMV) of only 4.006 million yuan for its product in Q1 2025 [2] - Zhongyida stated that its production capacity remains stable with no new construction plans [2] - Weir Shares plans to change its stock name from "Weir Shares" to "Haowei Group" [2] - Wan'an Technology confirmed there are no significant undisclosed matters [2] - Ningbo Shipping's stock price has been highly volatile recently, indicating a high risk of speculation [2] - Lianyungang reported that its production and operational activities are normal, with no significant changes in industry policies [2]

下午14点过后，本来几乎毫无波澜的债市利率，突然开始下行，市场的传闻是，要降存款利率 了，随着群里的截图越发越多，市场也越发笃定，最终10年国债下行超过2bps，30年国债下行 3bps，算是为这个传闻定价了。 我简单帮大家理一下思路，三个问题。 第一个问题，存款利率到底降没降？ 回答是，降了，也没降。 之所以这么说，是因为， 目前银行体系的存款利率，其实是三层体系 ，第一层，是大行的定存 利率，这个目前还没降，一年整存整取的利率还是1.1%；第二层，是中小行的定存利率，这个持 续在下降过程中，各家银行的情况不同，比如我们前阵子在《 确实大幅降息了 》聊到的微众银 行，5月初开始，把1-5年的各期限定存利率全部调整为了1.6%，但还是比大行的利率高了不少； 第三层，是银行的大额存单，也是卖给个人客户的，这个各家银行的定价更加五花八门。 所以，大家今天看到的各种朋友圈的消息，主要是针对的第二层和第三层的存款利率，因为很多 中小银行确实在下调的过程中，且很多分支行，借最近大额存单利率可能下调的传闻，做饥渴营 销， 类似保险预定利率要下调时候的抢停售 。 但是，存款利率里，最关键的，是大行的定存利率，这才是存款市场 ...

5月12日盘后，中美发布《中美日内瓦经贸会谈联合声明》，本次中美经贸高层会谈取得实质性进展， 大幅降低双边关税水平，美方取消了共计91%的加征关税，中方相应取消了91%的反制关税；美方在初 始的90天内暂停实施24%的"对等关税"，中方也相应在初始的90天内暂停实施24%的反制关税。 核心资产优质抓手—A500ETF基金（512050）近期斩获多个同类第一 说到中国资产估值重塑，浓眉大眼、基本面良好的核心资产或直接受益。而当我们在谈论核心资产时， 大家也许会瞬间想到是茅台和宁王这样的蓝筹股，对，但不全对，核心资产是一个组合，是能反映经济 发展动能，能在经济向上周期跑赢通胀、经济增速，在经济向下周期抗跌的资产组合。 当下来看，或许编制独特的中证A500指数更能符合这个定义，指数采取行业均衡配置与龙头优选双策 略，实现细分行业全覆盖，并通过循环选样法保持动态平衡，融合价值与成长属性，既分散风险，又捕 捉成长机遇。指数前十大权重股中，既有像贵州茅台、、中国平安、招商银行、长江电力、美的集团、 紫金矿业、兴业银行等传统大市值白马，又有像宁德时代、亚迪、东方财富这样的新兴成长行业龙头。 如果大家对这一宽基指数感兴趣，可 ...

二、大资金突然出手，释放什么信号？ 无论是沪指还是创业板指数，今天的阳包阴主要出现在开盘半小时内。虽然沪指在这段时间涨幅不明显，但从盘面上能清楚看到大资金的强势动作。 低开后，市场迅速完成技术调整，一口气收复失地，这通常是多头强势的信号，也是市场突然变强的征兆。而这一切的导火索，正是沪深300ETF。 随着1.2万亿资金逐步通过银行体系流入市场，市场资金流动性得到有力补充，经济也迎来强劲动力。在这种充裕的资金环境下，消费市场迎来巨大机遇， 无论是高端消费还是日常消费，都能找到发展机会。 4月份有1000亿MLF到期，这意味着央行本月MLF净投放高达5000亿。很多人还没意识到这个数字的惊人之处。要知道，3月份MLF净投放才630亿，4月份 的投放量相当于3月份的近10倍，力度之大，简直就像"一次降准"！ 一、央行突击降准的牛市！降准降息是本次发布会重点之一，预计将向市场提供长期流动性约1万亿元！ 三、只要回踩基本上都会给我们一次比较好的这种分歧低吸的机会，短期我们就是轻指数、重个股、重节奏。 指数上，是低开之后出现了一波上攻，但是从量能上来看，1.2万亿的一个预期的成交量还是不太够，所以说下午仍然还是围绕33 ...

Core Viewpoint - The global market is experiencing a significant surge in gold prices, with the sentiment reaching a boiling point, as evidenced by a 9.5% increase in the A-share precious metals index and multiple gold-related ETFs hitting their daily limit [1] Price Movement and Predictions - International gold prices have rebounded sharply after a three-day decline in early April, reaching a peak of $3442 per ounce, with a year-to-date increase of nearly 30%. Predictions from major banks suggest potential further increases, with Morgan Stanley's forecast of $3400 already met, and Citigroup's $3500 within reach, while Goldman Sachs anticipates a rise to $4000 [3] Comparative Asset Performance - Gold has emerged as the only major asset class to reach new highs following tariff impacts. A comparative analysis of various assets shows that gold has outperformed others, with a 62% increase over the past year, while other assets like stocks and real estate have seen declines [4] Economic Context and Dollar Weakness - The primary driver behind gold's surge is the weakening of the dollar's credibility, which has enhanced gold's monetary attributes. As concerns grow over U.S. Treasury bonds, gold is increasingly viewed as a substitute reserve currency [4][5] Federal Reserve and Market Sentiment - Federal Reserve Chairman Jerome Powell's comments on economic uncertainty due to tariff policies have heightened market concerns, leading to a decline in risk appetite and further selling of U.S. assets, including the dollar and U.S. stocks [5][6] Historical Context of Dollar Crisis - The current situation can be viewed as the third dollar crisis, with historical precedents dating back to the Bretton Woods system, which established the dollar's role as the central currency linked to gold [7][8][9] Future Outlook for Gold Prices - The expansion of U.S. debt and ongoing central bank gold purchases suggest that gold prices may continue to rise. The current U.S. debt level of $36.2 trillion indicates a potential gold price of $3780 per ounce if historical ratios hold [14][15]

每日市场观察 2025 年 3 月 13 日 【今日关注】 主力资金流向：3 月 12 日，上证净流入 57.48 亿元，深证净流入 24.56 亿元。行业板块方面，主力资金流入前三的板块为其他充电电源、电网 设备、汽车零部件，主力资金流出排名前三的板块为半导体、白酒、小 金属。 【消息面】 1.2 月中小企业发展指数大幅上升至 89.8 3 月 12 日 ，中小企业协会发布数据显示，2 月中小企业发展指数为 89.8， 较 1 月上升 0.8 点。其中，分项指数、分行业指数和分区域指数全面 上涨。 虽然隔夜欧美股指调整，但周三 A 股早盘依然表现出较强韧性，从板 块看，银行、保险等权重股稳定股指，算力及相关电源设备板块持续 活跃，广电、游戏等传媒板块快速拉升刺激做多人气，午后受恒生指 数走低影响，A 股股指有所回落，但个股依然涨多跌少。技术上看，3 0 和 60 分钟指标处于高位，3 月 5 日以来的日线级别上涨或将结束并 开启新一轮调整，投资者短线应注意风险。 【市场回顾】 市场概况：3 月 12 日，市场全天冲高回落，三大指数小幅下跌，沪指 盘中一度创出年内新高。盘面上，市场热点较为杂乱，个股上涨和下 ...