截至发稿，韩国综合指数、日经225指数跌幅分别为0.74%、0.69%。 | | 亚太市场(AP) | | | --- | --- | --- | | 泰国SET指数 | 1179.81 с | -0.78% | | 韩国KOSPI200 | 346.47 d | -0.83% | | 韩国综合指数 | 2606.06d | -0.74% | | 韩国KOSDAQ | 718.23d | -0.74% | | 日经225 | 37040.85d | -0.69% | | 富时马来西亚综指 | 1536.49 | -0.54% | | 富时新加坡海峡指数 | 3864.67 | -0.46% | | MSCI大平洋地区 | 3275.76 | -0.42% | 5月22日，亚太股市全线低开，而黄金再次飙涨。 港股低开，截至发稿，恒指跌0.4%。小鹏汽车涨近10%，公司昨日披露业绩与指引均好于预期；微博涨近3%，公司Q1归属股东净利润同比增长 116.36%。 A股三大指数均飘绿。化学原料板块短线走低，中毅达跌停。高位股调整，南京港跌停，苏州龙杰、连云港、百利电气、成飞集成等大幅低开。 富时中国A50指数期货直线 ...

Core Viewpoint - The article highlights the launch of the second "National Student Mental Health Promotion and Education Month" in May, emphasizing the importance of mental health education for students in Liaoning Province, China, through various initiatives and online courses aimed at parents and students [1][2]. Group 1: Initiatives and Activities - Liaoning Provincial Education Department held a meeting to enhance mental health education in schools, focusing on prevention systems, monitoring frameworks, daily management, and collaboration among families, schools, and communities [1]. - The department, in collaboration with People’s Daily Online, is launching a series of online psychological courses aimed at parents to improve communication and foster harmonious parent-child relationships [5][1]. Group 2: Online Education Program - The online education program titled "Mental Health Online Education for Primary and Secondary School Students - Parent Edition" includes 11 specialized courses addressing key topics such as building parent-child relationships, optimizing educational methods, mobile phone management, and preventing school bullying [2]. - The courses are designed to be practical and relevant, with specific sessions focusing on effective communication with children and strategies to manage smartphone addiction from a developmental psychology perspective [2]. Group 3: Expert Involvement and Accessibility - The courses feature lectures from 11 authoritative experts, including members from educational associations and former officials from the Ministry of Education, ensuring high-quality content delivery [2]. - The courses will be available for parents to watch live on the "People’s Daily Online Liaoning" account on Xiaohongshu every evening, starting from May 20, with incentives such as points for participation leading to certificates [2][8].

2025首届全国人工智能应用创新大赛，是一项以经济学、管理学及其他领域课题作为应用场景，考察参 赛选手设计AI智能体（AI Agent）、应用人工智能大模型技术解决相应问题的竞赛。 为探索大模型Agent在文旅导览场景中的创新应用，人民网依托传播内容认知全国重点实验室，于大赛 官网企业专项赛道发布了《大模型Agent在文旅导览场景中的应用与优化》赛题。 欢迎各高校研究生及本专科学生、对人工智能应用领域感兴趣的科研单位和企业人士参与。 2.优秀团队将获得人民网提供的实习机会，深入了解行业前沿动态。 3.优秀团队有机会与指导老师开展产学研合作，助力团队成员的专业成长与发展。 4.有机会纳入人民网相关人工智能产品合作生态，实现成果转化与商业价值提升。 参赛平台及注意事项 参赛要求 参赛作品应围绕大模型Agent在文旅导览场景中的应用展开，通过技术创新解决传统导览的痛点问题， 如实现实时信息更新、提供个性化讲解、支持多语言交互等，优化游客的文旅导览体验。 作品需具备创新性、可行性和实用性，有完整的技术方案和应用案例说明，能够展示大模型Agent在文 旅导览场景中的独特优势和实际应用效果。 奖励机制 1.优秀作品将在人 ...

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 ...

Group 1 - The Chinese government strongly opposes the U.S. measures against Chinese chip products and AI industry, claiming they violate market rules and disrupt global supply chains [1] - The China Securities Regulatory Commission (CSRC) has announced changes to the major asset restructuring management measures, encouraging private equity funds to participate in mergers and acquisitions [1] - The State-owned Assets Supervision and Administration Commission (SASAC) emphasized the importance of high-quality completion of state-owned enterprise reforms by 2025 [2] Group 2 - The National Bureau of Statistics has issued the "Digital China Construction 2025 Action Plan," aiming for significant advancements in the digital economy, with core industry value-added accounting for over 10% of GDP by 2025 [2] - The Ministry of Commerce highlighted the importance of expanding the departure tax refund policy to boost consumption and enhance the experience for foreign travelers [3] - A joint initiative named "Sword Net 2025" has been launched to combat online copyright infringement, focusing on various sectors including audiovisual works and software [3] Group 3 - The film market in China has seen a strong start in 2025, with total box office revenue reaching 26.649 billion yuan, a year-on-year increase of 28.87%, and domestic films accounting for 95.81% of the total [5] - The Hang Seng Index will include Midea Group and ZTO Express, while BYD will be added to the Hang Seng Tech Index [5] - The Shanghai Stock Exchange has taken regulatory measures against 163 cases of abnormal trading behavior, focusing on stocks with delisting risk [5][6] Group 4 - Companies like Ningde Times have set their H-share price at 263 HKD per share, indicating strong market interest [6] - A-share companies are actively engaging in share buybacks and capital increases, with notable plans from companies like Jianghan New Materials and Aoyang Technology [6] - Guangdong Province has introduced an action plan to promote high-quality development in venture capital, encouraging diverse entities to participate [4]

2025 年 5 月 16 日 晨会速递 分析师点评 市场数据 总量研究 【宏观】我国哪些产品可以无惧关税压力？——《见微知著》第二十二篇 | | A 股市场 | | | --- | --- | --- | | | 收盘 | 涨跌% | | 上证综指 | 3380.82 | -0.68 | | 沪深 300 | 3907.2 | -0.91 | | 深证成指 | 10186.45 | -1.62 | | 中小板指 | 6321.96 | -1.34 | | 创业板指 | 2043.25 | -1.92 | | | 股指期货 | | | --- | --- | --- | | | 收盘 | 涨跌% | | IF2505 | 3908.20 | -0.74 | | IF2506 | 3872.80 | -0.74 | | IF2509 | 3808.20 | -0.67 | | IF2512 | 3771.20 | -0.67 | | | 商品市场 | | | --- | --- | --- | | | 收盘 | 涨跌% | | SHFESHFE 黄金 | 739.82 | -2.88 | | SHFESHFE ...

农林牧渔 0.110 银行 -0.123 【通信：广和通(300638.SZ)】加速布局机器人和 AI，把握 AI 应用风口——公司 信息更新报告-20250514 2025 年 05 月 16 日 开源晨会 0516 沪深300 及创业板指数近1年走势 行业名称 涨跌幅(%) 美容护理 3.683 煤炭 0.419 公用事业 0.122 ——晨会纪要 吴梦迪（分析师） wumengdi@kysec.cn 证书编号：S0790521070001 观点精粹 总量视角 【宏观经济】财政对冲下的宽信用兑现——宏观经济点评-20250515 行业公司 【电力设备与新能源】新质生产力为矛，周期成长为盾——电新行业 2025 年中期 投资策略-20250515 【农林牧渔】USDA 发布新一季全球农产品供需预测，预计玉米、大豆、小麦和 水稻增产——行业点评报告-20250515 【银行】存款读数改善，政府债提速支撑社融——4 月金融数据点评-20250514 【传媒：腾讯控股(00700.HK)】2025Q1 游戏、广告业务表现亮眼，AI 赋能业绩 增长——港股公司信息更新报告-20250515 沪深300 创业板指 数 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - As of the end of Q1 2025, the number and scale of active bond - type funds increased slightly, but the number and total issuance scale of newly - issued funds decreased, with the issuance scale of hybrid secondary bond funds rising [4][7][9]. - In Q1 2025, with the upward movement of Treasury bond yields, short - term pure bond funds performed relatively well, while first - tier bond funds rose steadily and second - tier bond funds fluctuated upwards driven by equity assets [4][17][19]. - Different types of active bond funds showed different trends in terms of leverage, duration, and position allocation. For example, closed - end medium - and long - term pure bond funds reduced leverage and increased duration, while open - end ones increased leverage and reduced duration; hybrid secondary bond funds increased their stock positions and holdings in the non - ferrous metals sector [4][23][70]. 3. Summary According to the Directory 3.1 Active Bond - Type Fund Scale and Issuance - **Scale Change**: As of the end of Q1 2025, there were 3263 active bond - type funds (excluding amortized cost method funds), a 0.8% increase from the previous quarter. The fund scale was 7.90 trillion yuan, a 1.0% increase. Among them, medium - and long - term pure bond funds, short - term pure bond funds, hybrid first - tier bond funds, and hybrid second - tier bond funds increased by 0.7%, 1.5%, 0.6%, and 3.8% respectively [7][9]. - **Fund Issuance**: In Q1 2025, 43 active bond - type funds were issued, a 10.4% decrease from the previous quarter. The total issuance scale was 783.7 billion yuan, a 16.7% decrease. The issuance scale of medium - and long - term pure bond funds decreased by 31.5%, while that of hybrid second - tier bond funds increased by 65.1% [13][14]. 3.2 Active Bond - Type Fund Performance - **Treasury Bond Yields Upward, Short - Term Pure Bond Funds Performed Relatively Well**: In Q1 2025, the yields of 1 - year, 3 - year, 5 - year, 7 - year, 10 - year, and 30 - year Treasury bonds increased by 47bp, 44bp, 25bp, 21bp, 21bp, and 18bp respectively. The short - term pure bond fund index had a return of 0.13%, while the medium - and long - term pure bond fund index had a return of - 0.29% [17]. - **First - Tier Bond Funds Rose Steadily, Second - Tier Bond Funds Fluctuated Upwards**: Driven by equity assets, the hybrid first - tier bond fund index had a return of 0.28% with a maximum drawdown of - 0.44%, and the hybrid second - tier bond fund index had a return of 0.56% with a maximum drawdown of - 0.53% [19]. 3.3 Active Bond Fund Position Analysis - **Medium - and Long - Term Pure Bond Funds**: Closed - end bond funds reduced leverage and increased duration, while open - end bond funds increased leverage and reduced duration. In terms of bond type allocation, closed - end funds increased positions in credit bonds and interest - rate bonds, while open - end funds increased interest - rate bonds and reduced credit bonds [23][30]. - **Short - Term Bond Funds**: They reduced leverage and duration, and the position of financial bonds decreased. The median of the portfolio leverage ratio decreased by 3.3%, the median of the bond position decreased, and the weighted duration of the top five heavy - position bonds decreased by 0.07 years [39][46][48]. - **Hybrid First - Tier Bond Funds**: They reduced leverage and duration, and the convertible bond position continued to rise. The median of the leverage ratio and bond position decreased, and the median of the convertible bond position increased by 1.65% [50][54]. - **Hybrid Second - Tier Bond Funds**: The stock position recovered, and they increased holdings in non - ferrous metals. The median of the portfolio leverage ratio decreased, the bond position decreased, and the stock position increased. They increased holdings in sectors such as non - ferrous metals, pharmaceutical biology, and steel, and reduced holdings in sectors such as petroleum and petrochemicals, coal, and banks [59][61][70].

人民网（603000）公告，2025年第一季度营收为3.05亿元，同比下降5.56%；净亏损1109.7万元，去年 同期净亏损1806.49万元。 ...

一、主要会计数据和财务指标 数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 二、前10名无限售条件股东持股情况 不分配不转增 | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 北京智度德普股权投资中心(有限合伙) | 20896.63 | 16.53 | 不变 | | 智度集团有限公司 | 8308.86 | 6.57 | 不变 | | 香港中央结算有限公司 | 2316.29 | 1.83 | 615.40 | | 拉萨经济技术开发区智恒咨询有限公司 | 2224.60 | 1.76 | 不变 | | 南方中证1000ETF | 836.03 | 0.66 | -352.98 | | 广发中证传媒ETF | 490.09 | 0.39 | 新进 | | 华夏中证1000ETF | 448.35 | 0.35 | -202.94 | | 陈玉青 | 388.41 | 0.31 | 新进 | | 林正友 | 378.08 | 0.30 | 新进 | | 广发中证1000ETF | 346.34 | 0.27 | - ...