【导读】中国银行业协会原党委委员、秘书长黄润中被开除党籍 中国基金报记者 晨曦 金融反腐最新通报来了！ 经查，黄润中存在以下问题： 据中央纪委国家监委驻国家金融监督管理总局纪检监察组、福建省纪委监委消息：日前，经 中央纪委国家监委批准，中央纪委国家监委驻国家金融监督管理总局纪检监察组、福建省泉 州市监委对中国银行业协会原党委委员、秘书长黄润中严重违纪违法问题进行了纪律审查和 监察调查。 • 身为党员领导干部，丧失理想信念，背弃初心使命，违反政治纪律，对抗组织审查，与他人 串供订立攻守同盟，销毁转移证据； 7 月 25 日，中央纪委国家监委官网通报：中国银行业协会原党委委员、秘书长黄润中被开除 党籍。 • 违反中央八项规定精神，收受可能影响公正执行公务的礼品、礼金和购物卡，接受管理服务 对象安排的宴请； • 违反组织纪律，插手干预被监管机构人事安排；违反廉洁纪律，违规收受财物，违规拥有非 上市公司股份，由他人支付、报销应由个人支付的费用； • 利用职务便利，以及本人职权和地位形成的便利条件，为他人在减轻监管处罚、承接银行业 务等方面谋取利益，非法收受巨额财物，涉嫌受贿犯罪。 2024 年 12 月，中纪委官网通 ...

Group 1 - The People's Bank of China (PBOC) conducted a 789.3 billion yuan 7-day reverse repurchase operation and a 400 billion yuan Medium-term Lending Facility (MLF) operation on July 25, resulting in a net injection of 801.8 billion yuan into the market [1] - For the week, the PBOC executed a total of 1.6563 trillion yuan in reverse repurchase operations and 400 billion yuan in MLF operations, leading to a net injection of 129.5 billion yuan after accounting for maturing operations [1] - The overnight Shanghai Interbank Offered Rate (Shibor) fell by over 11 basis points, while the 7-day and 14-day Shibor rates increased [1][2] Group 2 - The overnight Shibor rate decreased by 11.50 basis points to 1.5200%, while the 7-day Shibor rose by 7.50 basis points to 1.6200%, and the 14-day Shibor increased by 11.30 basis points to 1.7280% [2] - In the interbank pledged repo market, overnight rates decreased, and the 7-day and 14-day rates increased, with the R007 transaction share rising to 14.7% [6] - The weighted average rates for DR001 and R001 fell by 13.4 basis points and 14.0 basis points, respectively, while DR007 and R007 rates increased [6] Group 3 - The funding environment was reported to be loose on July 25, with overnight funding rates dropping to around 1.50% by the end of the day [11] - A total of 91 interbank certificates of deposit were issued on July 25, with an actual issuance amount of 74.54 billion yuan [11] - The secondary market for certificates of deposit showed a slight decline in overall yield levels compared to the previous day [12]

俄罗斯央行行长纳比乌琳娜：今天没有讨论维持利率不变。 ...

近期，美联储的翻修工程引发了广泛的关注，甚至成为了美国金融界和媒体讨论的焦点。这个位于华盛 顿的历史性建筑，原本只是一项普通的维修任务，但由于翻修工程的巨额投资与工程进度延迟，公众的 视线逐渐聚焦到了美联储的运营与管理上。 特朗普的突然访问使得美联储翻修工程成为了一个更加复杂的议题。这项原本看似与经济无关的建筑改 造工程，反而在当前的政治经济背景下，成为了特朗普表达对美联储政策不满的一个"平台"。翻修工程 的背后，不仅仅是硬件上的升级，更多的可能是对于美联储长期以来"内部管理"的一种隐性批评。 事实上，美联储的建筑翻修工程并非一项简单的修缮工作。考虑到美联储在全球金融体系中的重要地 位，这一工程无论是财政支出还是施工过程，都引发了公众的关注。特朗普对此的关注无疑加剧了这一 话题的热度。分析人士指出，这一翻修工程的背后，或许反映出美联储在透明度和管理效率方面的某些 不足，而这些问题恰恰是特朗普所反复批评的对象。 美联储作为美国的中央银行，其职能不仅仅是制定和实施货币政策，还肩负着调控国家经济和金融稳定 的重要责任。在如此关键的时刻，特朗普的访问无疑增加了政治和经济的不确定性，而他对于利率的表 态，也成为了金融市 ...

利比里亚央行将基准利率维持在17.25%。 ...

对于广大投资者来说，在美联储9月会议之前，如何解读美联储的言辞和政策动向，将是决定投资策略 的关键。许多投资者开始关注美联储官员的讲话，以捕捉可能的降息信号，但与此市场情绪的多变性也 让不少投资者感到困惑。 市场还在紧密关注全球经济形势对美联储决策的潜在影响。当前，全球经济的不确定性较大，不仅是美 国国内经济的变化，还有全球贸易摩擦、能源价格波动等因素，这些都可能影响美联储对未来经济形势 的评估，进而对其货币政策产生深远影响。综合来看，美联储是否在9月降息，已经不仅仅是一个单纯 的利率决策问题，而是反映全球经济趋势、市场预期以及美联储内部分歧的多重因素。 随着9月会议日益临近，市场对于美联储货币政策走向的分歧愈加明显。部分投资者认为，由于美国经 济已经出现放缓迹象，美联储降息的时机已经成熟。根据一些经济学家的分析，美国劳动力市场的强劲 表现和消费者信心的回升可能为降息提供了充足的空间。另一部分投资者则认为，美联储过早地降息可 能会导致金融市场过热，反而会激发通胀的复苏。美联储在过去几次的加息中已经取得了抑制通胀的成 效，因此，在通胀尚未完全控制的情况下，降息的风险可能过大。 在这种背景下，美联储的每一次发言、 ...

Core Insights - The People's Bank of China Shandong Branch reported a significant expansion in financial metrics for the first half of 2025, indicating a favorable monetary environment for the province's economy [1][4]. Financial Volume Expansion - Shandong's financial total continued to expand, with social financing scale, loans, and deposits reaching CNY 25.2 trillion, CNY 16.1 trillion, and CNY 18.7 trillion respectively, marking year-on-year growth of 10.1%, 9.2%, and 10.2%, all exceeding national averages [4][5]. - The province saw a historical high in financing increments, with social financing increasing by CNY 150.58 billion and loans by CNY 95.15 billion in the first six months [4][5]. Decrease in Financing Costs - The average interest rate for newly issued corporate loans was 3.58%, down by 0.32 percentage points year-on-year, while the rate for inclusive small and micro enterprises was 3.75%, a decrease of 0.5 percentage points [5][6]. Cross-Border Fund Flow - International business income and expenditure totaled USD 283.97 billion, a 14.1% increase year-on-year, with a notable growth in capital and financial projects [6][7]. Credit Structure Optimization - The Shandong branch implemented policies to enhance financial services in consumption and elderly care sectors, resulting in a 12.1% year-on-year increase in consumer loans, outpacing overall loan growth [7][8]. Investment Expansion Efforts - Financial institutions were guided to support key areas such as green development and infrastructure, with manufacturing loans reaching CNY 21 trillion, reflecting a 10.9% year-on-year increase [8][9]. Support for Transformation Measures - The Shandong branch initiated various financing activities, including "bank president visits to enterprises," and introduced specialized financial products, leading to significant growth in loans for technology, green initiatives, and small enterprises [9].

Core Viewpoint - The article emphasizes the importance of market sentiment, indicating that negative news can significantly impact market dynamics, especially when confidence is low [1]. Group 1: Monetary Policy and Market Conditions - The central bank conducted a large net injection of 601.8 billion yuan through a 7-day reverse repurchase operation, with 1,875 billion yuan maturing today [2]. - The funding environment has shifted from tight to loose, with overnight rates declining; DR001 fell by 13 basis points to approximately 1.52%, while DR007 increased by 8 basis points to around 1.65% [3]. - The weighted average rates for various repo codes showed a decline in R001 by 14 basis points to 1.55%, while R007 increased by 9 basis points to 1.69% [4]. Group 2: Bond Market Dynamics - The 10-year government bond yield opened slightly higher at 1.7425%, reaching a peak of 1.752% due to tight funding conditions, before dropping to a low of 1.716% [5]. - The bond market is experiencing a shift in focus, with investors increasingly looking at commodity prices and their impact on bond yields, indicating a need for a broader understanding of market dynamics [6]. Group 3: Market Sentiment and Commodity Prices - The article highlights a strong performance in commodity markets, with various commodities like coking coal reaching limit-up prices, while the bond futures market experienced a decline [5]. - There is a growing sentiment among investors regarding the potential for commodity prices to rise significantly, with speculative targets for the stock market being discussed [6].

与此同时，经济数据也未拉响警报——上周四劳工部数据显示美国初请失业金人数连续六周下降，表明 就业市场韧性犹存。EToro的美国投资分析师布雷特·肯威尔（Bret Kenwell）："劳动力市场虽未全面发 力，但也未见疲态。" 然而，美股前路并非一片坦途。标普500指数当前市盈率约22.5倍，显著高于18.6倍的十年均值，这引发 了对容错空间收窄的担忧。事实上，业绩与营收双不及预期的公司正遭遇2022年三季度以来最严厉惩 罚。 标普500指数的盈利引擎正持续发力，稳健的财报季表现显示美国企业盈利能力保持强劲，这或许能缓 解市场对美股创纪录涨势可能过热的担忧。 截至周四收盘，约三分之一的标普500指数成分公司已公布财报，本轮业绩周期远超预期——根据彭博 智库数据，约83%的公司利润超出分析师预估，有望创下2021年二季度以来最高超预期比例。 自4月8日触及低点以来，标普500指数已上涨28%，并在过去几周屡创新高。甚至连不考虑市值权重的 标普500等权重指数也刷新纪录。这一涨势伴随着市场对关税影响担忧的消退，投资者正逐步回归股 市，风险偏好明显改善。 全美金融的马克·哈克特（Mark Hackett）指出："随着 ...

中央纪委国家监委网站讯 据中央纪委国家监委驻国家金融监督管理总局纪检监察组、福建省纪委监委 消息：日前，经中央纪委国家监委批准，中央纪委国家监委驻国家金融监督管理总局纪检监察组、福建 省泉州市监委对中国银行业协会原党委委员、秘书长黄润中严重违纪违法问题进行了纪律审查和监察调 查。 经查，黄润中身为党员领导干部，丧失理想信念，背弃初心使命，违反政治纪律，对抗组织审查，与他 人串供订立攻守同盟，销毁转移证据；违反中央八项规定精神，收受可能影响公正执行公务的礼品、礼 金和购物卡，接受管理服务对象安排的宴请；违反组织纪律，插手干预被监管机构人事安排；违反廉洁 纪律，违规收受财物，违规拥有非上市公司股份，由他人支付、报销应由个人支付的费用；利用职务便 利，以及本人职权和地位形成的便利条件，为他人在减轻监管处罚、承接银行业务等方面谋取利益，非 法收受巨额财物，涉嫌受贿犯罪。 黄润中严重违反党的政治纪律、组织纪律、廉洁纪律，构成严重职务违法并涉嫌受贿犯罪，且在党的十 八大后不收敛、不收手，性质严重、影响恶劣，应予严肃处理。依据《中国共产党纪律处分条例》《中 华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定 ...