华尔街对这项战略反响积极。伍德麦肯兹指出，基于地质条件优势和油气联产潜力，墨西哥政府或将优 先开发皮米恩塔和鹰滩非常规地层。据预测，这两处地层到2030年可形成25万桶/日石油和5亿立方英 尺/日天然气的产能。 中化新网讯 近日，墨西哥国家石油公司(Pemex)与政府联合发布《2025-2035战略计划》，旨在通过公私 合营投资提升原油产量、削减债务并强化能源主权。该计划核心目标包括：2030年前实现180万桶/日原 油产量，增加天然气产量，通过政府支持和私人合作获取资金，发展氢能/地热等能源转型项目。 作为墨西哥最大企业和拉美地区重要经济体，Pemex不仅是营收巨头，更是国家主要财政支柱，承担全 产业链运营并主导国家能源安全。 "该战略需巨额资本投入和国际运营商参与，但政府推动开发国内未开发的非常规资源以破解天然气生 产困局值得肯定。"伍德麦肯兹研究助理Ismael Hernandez表示。墨西哥同时布局LNG产业，太平洋沿岸 规划的多个项目有望助其成为拉美LNG强国。 据Gas Outlook报告，墨西哥拟在西海岸建设5座大型LNG出口终端，主要气源将来自美国新墨西哥州和 得克萨斯州的二叠纪盆地而非本土， ...

Group 1 - The State Council's recent meetings signal increased policy support for the recycling of consumer goods, potentially leading to expanded funding and product categories [1] - The domestic liquidity is expected to remain loose, with more incremental policies likely to be introduced in the second half of 2025 to boost the real economy [2][10] - The market is currently in a phase of "policy bottom + liquidity bottom + valuation bottom," suggesting a high probability of continued market performance, albeit with accelerated sector rotation and structural differentiation [2][10] Group 2 - Gold and silver prices have rebounded significantly, driven by dovish comments from Federal Reserve Chairman Powell, which have increased expectations for a rate cut in September [3][18] - The U.S. inflation data for July showed a rebound, and positive signals from U.S.-Russia negotiations have eased geopolitical risks, supporting gold and silver prices [3][18] - The supply of the stablecoin USDe has surged to a historical high of 12.03 billion, driven by the enactment of the U.S. stablecoin legislation [7] Group 3 - The recent hurricane season has been relatively calm, with Hurricane Erin moving away from key oil and gas infrastructure, which may stabilize oil prices [4][12] - The U.S. initial jobless claims increased to 235,000, exceeding market expectations, indicating potential economic challenges ahead [4][13] - The domestic methanol inventory has reached a historical high of 1.2485 million tons, with a significant increase in imports expected in the coming weeks [14]

Group 1 - The "Big and Beautiful" plan proposed by the Trump administration aims to reduce incentives for renewable energy, leading to a significant decline in new installations of wind and solar power in the U.S. by over 50% in the next decade [1][2][3] - The plan will terminate various tax credits for renewable energy projects, including the Investment Tax Credit (ITC) and Production Tax Credit (PTC) for solar and wind energy, which have been crucial for the sector's growth [1][3] - A surge in installations is expected before the tax incentives expire, particularly between 2025 and 2027, followed by a sharp decline in new capacity additions [2][3] Group 2 - The "Big and Beautiful" plan is also expected to negatively impact the electric vehicle (EV) market, with tax credits for new and used EVs set to end, leading to a structural reduction in demand for EVs in the U.S. [3] - The U.S. government is projected to cut $122 billion in subsidies for electric vehicles by 2034, with a significant impact on EV sales starting in 2026 [3] - The plan is designed to bolster fossil fuel production, with policies aimed at increasing oil and gas extraction, which could lead to U.S. crude oil production rising to 13.4 million barrels per day this year [5] Group 3 - The overall energy policy shift under the "Big and Beautiful" plan is seen as a regression in the U.S. energy transition, favoring fossil fuels over renewable energy [5] - The plan includes measures to expand onshore and offshore oil and gas exploration, reduce royalties, and eliminate methane emission fees, enhancing the attractiveness of investments in the fossil fuel sector [5] - The cumulative investment in the fossil energy sector in the U.S. is expected to exceed $200 billion over the next decade, driven by favorable policy changes [5]

Market Overview - The A-share market experienced a historic moment on August 22, with the Shanghai Composite Index surpassing 3800 points, reaching a ten-year high at 3825.76 points, and a single-day trading volume of 1.095 trillion yuan, up 9.8% from the previous trading day [1] - Despite the index surge, a peculiar phenomenon emerged where 3200 stocks declined, indicating a divergence between index performance and individual stock movements [1] Sector Performance - Technology growth stocks led the market, with significant gains in computing power stocks and semiconductor stocks, such as Huida Technology reaching a historical high [3] - In contrast, traditional sectors like banking, oil and gas, and traditional Chinese medicine saw notable declines, reflecting a clear shift in market funds from traditional industries to technology growth sectors [4] Capital Flows - Recent market trends showed a significant change in capital flows, with northbound funds experiencing a net outflow exceeding 80 billion yuan over two days, indicating increased volatility in foreign capital [5] - Domestic investors are reallocating their portfolios, increasing positions in solar energy, robotics, coal, and nuclear power while reducing holdings in liquid-cooled servers, consumer electronics, and medical devices [6] - The number of new retail investors surged, with 1.96 million new accounts opened in July, a 71% increase year-on-year, indicating a growing retail presence in the market [6] Market Characteristics - The current market differs fundamentally from the 2015 bull market, characterized by a structural bull market rather than a broad-based rally, with significant valuation disparities [7] - The cash flow valuation is at historically high levels, with the semiconductor sector's leading company, Huida Technology, showing a dynamic PE of 120 times [7][8] Supportive Factors - Policy support is accumulating, with 500 billion yuan in policy financial tools aimed at digital economy and AI sectors, and an increase in market makers for the Sci-Tech Innovation Board [9] - Liquidity remains loose, with expectations of potential interest rate cuts from the central bank following the U.S. Federal Reserve's easing [10] Potential Risks - Technical indicators suggest overheating, with the Shanghai Composite Index RSI reaching 78, indicating a potential mean reversion of 8%-12% [12] - The market is also facing liquidity risks, with margin financing balances exceeding 2.8 trillion yuan, raising concerns about market volatility [13] Future Scenarios - Three potential market scenarios are outlined: an optimistic scenario with a breakout above 3800 points, a pessimistic scenario with a pullback to 3740 points, and a moderate scenario maintaining a slow bull trend [14] - Morgan Stanley suggests that the current upward momentum in the Chinese stock market may continue into the end of summer due to improving liquidity and investor confidence [15]

消息面上，中国石油集团召开碳达峰碳中和会议，强调加快发展"热电氢"等新兴产业。集团旗下新成立 的新能源公司注册资本达24.23亿元。此外，中国石油通过昆仑资本参与投资中国聚变公司，布局核聚 变领域。 中国石油股价报8.69元，较前一交易日下跌0.69%。开盘价为8.74元，最高触及8.77元，最低下探8.62 元，成交金额达11.09亿元。 中国石油是我国主要的油气生产商和供应商，业务涵盖油气勘探开发、炼油化工、管道运输、销售贸 易、工程技术服务等领域。公司积极布局新能源业务，推动绿色低碳转型。 风险提示：投资有风险，入市需谨慎。 来源:金融界 资金流向方面，中国石油当日主力资金净流出9839.38万元，近五日累计净流出6831.02万元。 ...

01 市场概况 2025年8月21日，三大指数涨跌各现，其中沪指上涨0.13%，收报3771.10点；深证成指下跌-0.06%，收报11919.76点；创业板指 下跌-0.47%，收报2595.47点。今日两市成交额24235亿元，与上个交易日相比增加约158亿元。 02 | | 概念板块 | 今日涨跌幅↓ | 5日涨跌幅 | 30日涨跌幅 | 今年以来 | | --- | --- | --- | --- | --- | --- | | | 可落冰 | 3.1% | 6.6% | 7.2% | 33.0% | | | 数字货币 | 2.4% | 7.1% | 10.2% | 46.2% | | | 跨境支付(CIPS) | 2.2% | 5.8% | 6.3% | 36.2% | | 물 | 草日滕 | 2.0% | 6.5% | 10.2% | 28.5% | | 派 | | | | | | | 幅 | 电子身份证 | 1.9% | 5.1% | 14.6% | 40.2% | | 前 | 钛白粉概念 | 1.9% | 6.0% | 12.9% | 28.7% | | - | 移动支付 | 1.7% | 5 ...

来源：格隆汇 温馨提示：财经最新动态随时看，请关注金投网APP。 当前A股行情火热，建议直接通过天弘创业板ETF联接(A类001592/C类001593)、天弘科创综指增强(A类 023895/C类023896)参与这一轮牛市行情。 风险提示：观点仅供参考，不构成投资建议，市场有风险，投资需谨慎。投资者在购买基金前应仔细阅 读基金招募说明书与基金合同，请根据自身投资目的、投资期限、投资经验等因素充分考虑自身的风险 承受能力，在了解产品情况及销售适当性意见的基础上，理性判断并谨慎做出投资决策。以上仅为对指 数成分股列示，非个股推荐。 今日市场早盘震荡走高，创业板指、科创综指大涨均创三年新高。沪深两市半日成交额1.51万亿。盘面 上热点集中在算力和芯片方向，个股跌多涨少。板块方面，半导体、CPO、算力、证券等板块涨幅居 前，油气、乳业、中药、银行等板块跌幅居前。截至收盘，沪指涨0.67%，深成指涨1.32%，创业板指 涨2.56%。 当前科技板块处于你方唱罢我登场的态势，机器人、人工智能、通信、芯片轮流领跑市场，热点演绎持 续不断。今天芯片领跑原因主要是国产替代的催化，一方面DeepSeek在其官宣发布的Deep ...

以"展"促"产" 赋能西南 在全球能源格局深度调整、"双碳" 目标引领能源转型的大背景下，西南地区凭借其丰富的油气资源禀赋，正逐步崛起为我国能源版图中的关键力量。特 别是 2025 年以来，西南油气市场在政策利好与技术创新的双轮驱动下，发展势头愈发强劲。9月11- 13日，2025 成都国际石油和化工技术装备展览会 (cippe 成都石油展)将于成都世纪城新国际会展中心盛大举办，必将为西南油气市场注入一剂 "强心针"。 现距展会开幕仅剩 20 天! 在商贸合作方面，展会直接对接西南地区油气行业全产业链，为企业拓展西南市场提供了难得的机遇。企业能够在展会上直接与潜在客户面对面交流， 了解市场需求，促进"产业研用"深度合作。 行业领军企业云集 政策与数据双重驱动 促西南油气市场蓬勃发展 西南地区作为我国重要的清洁能源战略基地，坐拥得天独厚的能源资源优势，正站在能源转型与增储上产的历史潮头。就在 8 月 16 日，中国石油宣布旗 下西南油气田公司累计生产天然气突破 7000 亿立方米，为国家能源结构优化及区域绿色发展提供了坚实保障。 《"十四五"现代能源体系规划》的收官之年，国家对天然气产供储销体系的建设要求进入攻 ...

康菲石油(COP.US)正加大对美国液化天然气(LNG)未来前景的押注，通过一项协议将从森普拉(Sempra) 位于得克萨斯州的扩建出口工厂采购的天然气量提升近一倍。 这家油气公司周四在声明中表示，将把得州东部阿瑟港LNG项目扩建阶段的年采购量提升至400万吨。 康菲正寻求扩大国际天然气销售，以满足亚洲和欧洲日益增长的LNG需求。 阿瑟港LNG一期项目计划年产能1350万吨，扩建后产能将翻倍。7月底，日本能源公司Jera也签署协 议，从该项目扩建部分每年采购150万吨LNG。沙特阿美(Aramco)也与阿瑟港扩建项目达成了非约束性 协议。 康菲石油的LNG深耕之路 尽管康菲长期以来通过澳大利亚项目向亚洲销售LNG，但其参与美国LNG业务的时间相对较新。 十多年前页岩气繁荣催生美国首批LNG项目时，康菲并未签订相关长期合同。但作为美国非常规天然 气资产的主要生产商，该公司正与埃克森美孚、雪佛龙等同行一道，开拓新的国际市场。 此次采购协议是在康菲现有合作基础上的追加，该公司已从该设施一期项目(目前在建)获得每年500万 吨的采购量。合并后年承购量达900万吨，这将使康菲成为阿瑟港LNG项目的最大单一买家。 森普拉 ...

以"展"促"产" 赋能西南 在全球能源格局深度调整、"双碳" 目标引领能源转型的大背景下，西南地区凭借其丰富的油气资源禀赋，正逐步崛起为我国能源版图中的关键力量。特 别是 2025 年以来，西南油气市场在政策利好与技术创新的双轮驱动下，发展势头愈发强劲。9月11- 13日，2025 成都国际石油和化工技术装备展览会 （cippe 成都石油展）将于成都世纪城新国际会展中心盛大举办，必将为西南油气市场注入一剂 "强心针"。 现距展会开幕仅剩 20 天！ 政策与数据双重驱动 促西南油气市场蓬勃发展 西南地区作为我国重要的清洁能源战略基地，坐拥得天独厚的能源资源优势，正站在能源转型与增储上产的历史潮头。就在 8 月 16 日，中国石油宣布旗 下西南油气田公司累计生产天然气突破 7000 亿立方米，为国家能源结构优化及区域绿色发展提供了坚实保障。 《"十四五"现代能源体系规划》的收官之年，国家对天然气产供储销体系的建设要求进入攻坚阶段。明确提出要推动四川盆地天然气生产基地增产稳 产，加大页岩气勘探开发力度，确保国内天然气年产量持续快速增长，到2025年达到2300亿立方米以上。 作为西南地区极具影响力和辐射力的行业盛会 ...