今日聚焦 2、国芯科技：抗量子密码卡新产品内部测试成功 已向多家客户送样 国芯科技(688262.SH)公告称，公司研发的抗量子密码卡新产品CCUPHPQ01于近日在公司内部测试中获 得成功。公司研制的抗量子密码卡CCUPHPQ01是一款基于抗量子密码算法与经典国密算法相结合，以 公司自主设计研发的CCP1080T安全芯片为主控芯片，外加一颗国产FPGA芯片而设计完成的高性能密 码安全产品。目前，公司已向多家客户送样，多家客户已在基于抗量子密码卡新产品CCUPHPQ01进行 信息安全产品的应用开发。 3、拉卡拉：本次H股上市能否通过审议、备案和审核程序并最终实施具有较大不确定性 拉卡拉(300773.SZ)发布异动公告，公司经过自查，不存在违反公平信息披露的情形。公司正在与相关 中介机构就本次H股上市的具体推进工作进行商讨，待具体方案确定后，本次H股上市工作尚需提交公 司董事会和股东大会审议，并经中国人民银行批准、中国证券监督管理委员会备案和香港联交所等监管 机构审核。本次H股上市能否通过审议、备案和审核程序并最终实施具有较大不确定性，敬请投资者注 意投资风险。 4、3连板金牛化工：近期公司甲醇销售价格没有较 ...

Group 1 - The company, Lakala Payment Co., Ltd., announced an abnormal fluctuation in its stock trading on June 13, 2025, which is in accordance with the relevant regulations of the stock exchange [1] - The company's board of directors conducted inquiries with major shareholders and management regarding the stock's abnormal trading situation and confirmed that there are no undisclosed major matters currently in the planning stage [1] - The board confirmed that there are no undisclosed matters that should be disclosed according to the Shenzhen Stock Exchange's rules, and previous disclosures do not require correction or supplementation [1]

Core Viewpoint - Lakala's H-share listing faces significant uncertainty regarding its approval, filing, and review processes [1] Group 1: Company Actions - Lakala has conducted a self-examination and found no violations of fair information disclosure [1] - The company is in discussions with relevant intermediaries about the specific progress of the H-share listing [1] Group 2: Regulatory Requirements - The H-share listing plan will need to be submitted for approval by the company's board and shareholders [1] - Approval from the People's Bank of China, filing with the China Securities Regulatory Commission, and review by the Hong Kong Stock Exchange are required [1] Group 3: Investment Considerations - There is a high level of uncertainty regarding whether the H-share listing will ultimately be approved and implemented [1] - Investors are advised to be cautious of investment risks associated with this uncertainty [1]

记者从人民银行深圳市分行获悉，2025年1-5月，境外人士在深圳非现金支付交易7109.5万笔、97.4亿 元，同比分别增长31%、37%。其中，港人仍然是来深消费主力，其交易笔数、金额分别占比68%、 60%，同比分别增长25%、27%。此外，前5月，韩国、美国、新加坡位列深圳入境消费市场前三大客源 国，合计贡献超4成消费额。（记者 高萍） ...

市场全天震荡调整，三大指数小幅下跌。沪深两市全天成交额1 . 2 1万亿，较上个交易日缩 量7 8.7亿。 盘面上，超 3 5 0 0 只个股上涨，但涨停家数减少，跌停个股增多，市场情绪偏向谨慎。军 工、黄金等避险板块逆势走强，消费电子、创新药等板块回调。 01 潘行长出席重要会议 2 0 25陆家嘴论坛将于2 0 2 5年6月18日至19日在上海举办。 中国人民银行、国家金融监督管理总局、中国证监会、国家外汇管理局和上海市人民政府 的领导将在论坛上发表演讲。 论坛期间，中央金融管理部门还将发布若干重大金融政 策。 陆家嘴论坛议程已经发布，从政策的角度，明天是重头戏。 1 9日有新质生产力、人工智能的议题，估计是科技+金融结合起来。 2 0 25陆家嘴论坛期间，中央金融管理部门将发布若干重大金融政策！ 我们先来看看历年陆家嘴论坛过去5年（2020- 2024）的核心主题。 0 9 : 30 - 11 : 3 0开幕式，主题是《全球经济变局中的金融开放合作与高质量发展》，聚 焦"金融开放"。开放不难理解，就是放宽市场准入、还有就是走出去，推动人民币国际 化。 1 5 : 45 - 17 : 1 5，主题《推动资 ...

Core Viewpoint - The recent capital increase of Tenpay to 22.3 billion RMB reflects the regulatory requirements and the company's commitment to enhancing its financial foundation and market competitiveness [2][3][4]. Group 1: Company Developments - Tenpay's registered capital was approved to increase to 22.3 billion RMB, marking a significant rise from 15.3 billion RMB earlier this year, which was an increase of 1,430% from its original 1 billion RMB [3][4]. - This is the second capital increase for Tenpay in 2024, with a cumulative increase of 2,130% since its initial capital [3][4]. - The increase in capital is seen as a response to the new regulatory framework for non-bank payment institutions, aimed at strengthening compliance and operational capabilities [3][4]. Group 2: Industry Trends - At least five payment institutions, including Douyin Pay and LeShua Pay, have also completed capital increases this year, indicating a trend among major players to bolster their financial positions [2][4]. - The implementation of the "Non-Bank Payment Institutions Supervision Management Regulations" has raised the minimum registered capital requirements for payment institutions, pushing many to increase their capital [4]. - The payment industry is experiencing a dichotomy, with leading players increasing capital while smaller institutions face license cancellations due to insufficient capital [5][6]. Group 3: Market Dynamics - The market is becoming increasingly concentrated, with major players like Tenpay and Alipay holding 90% of the market share, while smaller institutions struggle to compete [5][6]. - The exit of weaker players from the market is expected to continue, leading to a more competitive landscape where remaining institutions will need to innovate and expand their service offerings [6].

免签政策红利、即时退税服务以及便捷移动支付，正成为外国人来华旅行的三宝。近期，上海升级离境 退税"即买即退"服务，通过与支付宝、中国银行合作，支持全球入境游客用支付宝"碰一下"、"扫一 下"办理即时退税，这也是全球入境游客首个"碰一下"退税服务，这一创新服务将进一步促进国际游客 来华旅行和消费。 在上海新天地商场，西班牙小伙费尔南多（Fernando）体验了这一新服务。第一次来上海旅行的他买了 一个礼物，到达商场退税服务点，签订协议书并办理信用卡预授权后，费尔南多用"支付宝碰一下"轻轻 一碰退税台卡，出示退税码，退税工作人员扫码核实好信息后，税款几秒就打到了他的支付宝。过去几 个月，上海新天地商圈不少商家陆续上线"支付宝碰一下"支付，助力中外消费者便捷支付。 5月，上海市税务局、上海市商务委员会联合支付宝数字政务启动退税升级工作，目前已覆盖恒隆广场 和新天地退税点，后续将陆续覆盖全市离境退税"即买即退"服务点位。在中国人民银行上海总部指导 下，支付宝上线"即买即退"配套支付解决方案，全球游客在这些商场消费后，即可即时退税，提升国际 旅行购物环境的同时，也有助于促进国际游客的消费。 为进一步助力入境游消费，4月 ...

前言 数字货币+跨境支付，协助搭建数字人民币CIPS系统，数字人民币硬件钱包落地，支付设备市场份额全球 前列，海外累计销售占比超80%，这家公司小微金融领域合作企业包括网商银行、京东科技。 《电报解读》是一款主打时效性和专业性的即时资讯解读产品。侧重于挖掘重要事件的投资价值、分析 产业链公司以及解读重磅政策的要点。即时为用户提供快讯信息对市场影响的投资参考，将信息的价值 用专业的视角、朴素的语言、图文并茂的方式呈现给用户。 ...

Market Performance - On June 16, 2025, A-shares experienced a slight rebound with the Shanghai Composite Index closing at 3388.73 points, up 0.35% [1] - The Shenzhen Component Index closed at 10163.55 points, up 0.41%, while the ChiNext Index closed at 2057.32 points, up 0.66% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.22 trillion yuan, a decrease of 252.2 billion yuan compared to the previous trading day [1] - Hong Kong stocks opened lower but closed higher, with the Hang Seng Index rising 0.7% to 24060.99 points and a total trading volume of 229.24 billion HKD [1] - The Hang Seng China Enterprises Index increased by 0.86% to 8729.99 points, and the Hang Seng Tech Index rose by 1.15% to 5299.91 points [1] - In the US market, all three major indices closed higher, with the S&P 500 up 0.94% to 6033.11 points, the Nasdaq Composite up 1.52% to 19701.21 points, and the Dow Jones Industrial Average up 0.75% to 42515.09 points [1] Policy Update - The Ministry of Finance announced that starting from July 1, 2025, Dalian and Hubei will implement a tax refund policy for overseas travelers shopping [3] - This policy is based on various regulations and has been approved by the Ministry of Finance, the General Administration of Customs, and the State Taxation Administration [3]

Group 1: Report Industry Investment Rating - No industry investment rating is provided in the report [1][2][3] Group 2: Core Viewpoint of the Report - A-shares are gradually recovering from the impact of the Middle East situation, with major indices rising. Chinese private enterprises, especially leading ones, show potential for investment value recovery. The current period is a good window for Hong Kong IPOs. Given the significant geopolitical risks in the Middle East and uncertainties in the Israel-Iran conflict, A-share investment is advised to remain defensive, and option suggestions are suspended [1][2][3] Group 3: Summary by Related Catalogs Market Performance - On Monday, oil prices were relatively stable. A-share major indices rebounded with trading volume reaching 1.46 trillion yuan. The CSI 1000 index closed at 6147 points, up 41 points or 0.68%; the CSI 500 index closed at 5767 points, up 27 points or 0.48%; the SSE 50 index closed at 2685 points, up 8 points or 0.32%; the S&P China A50 index closed at 3873 points, up 9 points or 0.25%. Among industry and theme ETFs, game, fintech, film and television, media, and software leading ETFs led the gains, while gold stock, innovative drug, and medical ETFs led the losses. Among sector indices, film and television theaters, wind power equipment, games, non-metallic materials, and Huawei computing power index led the gains, while precious metals, sports, aquaculture, feed, and chemical fiber indices led the losses. Net outflows of settled funds from stock index futures of S&P China A50, CSI 1000, SSE 50, and CSI 500 were 3.5 billion, 3 billion, 800 million, and 500 million yuan respectively [1] Macroeconomic Data - In May, the real year-on-year growth of industrial added value above designated size was 5.8%, and the month-on-month growth was 0.61%. The total retail sales of consumer goods were 4.1326 trillion yuan, a year-on-year increase of 6.4%, 1.3 percentage points faster than the previous month, and a month-on-month increase of 0.93%. From January to May, the national fixed asset investment was 1.91947 trillion yuan, a year-on-year increase of 3.7%. Infrastructure investment increased by 5.6% year-on-year, manufacturing investment increased by 8.5%, and real estate development investment decreased by 10.7% [1] Market News - Goldman Sachs believes that the investment value of Chinese private enterprises is recovering, especially leading companies. The top ten private enterprises in China are Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Ctrip, and Anta. The speed of mainland companies' IPOs in Hong Kong has accelerated, raising HK$52.2 billion in a week, with over 200 companies queuing up. This is the best window period for Hong Kong IPOs since the second half of 2021. Foreign long - term funds and sovereign funds have returned to Hong Kong [1][2] Other News - Stablecoins can help retailers like Walmart and Amazon save billions in fees and achieve instant settlement. Traditional payment providers like Visa and Mastercard aim to be key infrastructure providers in the stablecoin ecosystem. Scientists are targeting neuromorphic computing technology to address the AI energy crisis. The Middle East situation is a "major uncertainty" for the Fed, and it may trigger a US economic recession. US President Trump said the US is not currently involved in Israel's military strike on Iran but may be involved in the future [2]