Core Viewpoint - The recent ADP employment report for May revealed only 37,000 new jobs added in the private sector, significantly below the market expectation of 110,000, indicating a slowdown in the labor market and raising concerns about the economic outlook and Federal Reserve monetary policy [1][2] Economic Indicators - The ADP report is considered a leading indicator for the upcoming non-farm payroll data, which is expected to show 130,000 new jobs with an unemployment rate of 4.2% [2] - Following the ADP report, the dollar index dropped approximately 20 basis points, reaching a low of 98.9783, while the 10-year U.S. Treasury yield fell by 0.58% to 4.421%, reflecting increased investor concerns about economic growth [1] Market Reactions - The gold price surged by $26 to a high of $3384.52 per ounce after the ADP report, highlighting a rise in safe-haven demand [1] - Market sentiment is divided, with some traders believing that upcoming unemployment claims and non-farm data will dictate market direction, while institutions focus on long-term trends [2] Future Outlook - If the non-farm payroll data is also disappointing, expectations for a Federal Reserve rate cut may increase, putting further pressure on the dollar and benefiting safe-haven assets like gold [2] - Conversely, if the non-farm data exceeds expectations, the market may reassess the resilience of the labor market, potentially leading to a rebound in the dollar [2] Technical Analysis - Gold has successfully established a bottom, with the lowest point at around $3344, and is expected to test resistance at $3392 [3][5] - Current trading strategies suggest a focus on buying on dips around $3345-$3350 and selling on rallies near $3385-$3390, with specific stop-loss and target levels outlined [6][5]

以百利好环球官网为例，架构清晰且功能完备：首页设置"企业资讯"板块，详细披露公司背景、监管资 质等信任背书信息；"开户交易"板块能够提供APP下载教学，图文并茂的全流程指引可帮助新手规避虚 假APP风险等。"交易产品"详细提供可交易产品的交易细则及交易时间等。"行情分析"则能够帮助投资 者全面了解市场的宏观态势。 二、监管资质认证：合规性的核心依据 权威金融监管资质是机构合法经营的"准入证"，百利好环球严格遵循国际监管标准，从资金管理到客户 权益保护的全流程均受严格监督，保障投资者资金安全与交易公平。在官网"监管资质"专区，投资者可 查阅监管机构名称、编号及认证文件，所有信息均可通过监管机构官网实时核验，形成"披露-验证"的 双重信任。 三、门户网站的防诈要点 随着科技飞速发展，金融领域的诈骗手段也呈现出智能化、隐蔽化的升级趋势。不少不法分子利用技术 漏洞伪造逼真的假页面、假软件，以 "高收益低风险" 等诱饵编织陷阱，让投资者防不胜防。当前，百 利好安全月首期特别聚焦 "官方渠道辨别" 这一核心，从官网架构、监管资质、自媒体认证等多维度拆 解真伪识别要点，帮助大家在复杂的网络环境中精准辨别正规渠道，从源头筑牢 ...

Core Viewpoint - The article discusses the role of the "national team," represented by Central Huijin, in stabilizing the stock market by investing heavily in index funds during market downturns [3][4][8]. Group 1: National Team's Identity and Function - The national team consists of state-owned financial institutions, primarily represented by Central Huijin, which can mobilize substantial funds due to their control over major banks, brokerages, and insurance companies [4][5][6]. - These institutions focus on long-term value and typically enter the market during significant downturns, acting as a stabilizing force [7][8]. Group 2: Investment Strategy - The national team prefers index funds, particularly broad-based index funds, due to their large scale and ability to absorb significant capital inflows during market corrections [10][19]. - The largest index fund in A-shares, the CSI 300 index fund, surpassed 1 trillion in total assets in 2024, highlighting the growing importance of index funds in the market [12][20]. Group 3: Investment Timing and Sources - The national team tends to invest heavily during market dips, with notable buying periods in early February and mid-September 2024, where they invested thousands of billions in index funds [26][27][28]. - Central Huijin's cash flow primarily comes from dividends on its substantial holdings in state-owned enterprises, allowing it to maintain liquidity for investments [32]. Group 4: Monitoring National Team Activities - The actions of the national team can be observed through increased trading volumes in major ETFs during market downturns, indicating their participation [39][41]. - The national team holds significant stakes in major ETFs, with Central Huijin owning 39% and 29% of the largest CSI 300 ETFs [42]. Group 5: Long-term Investment Perspective - The national team's investment strategy includes long-term holdings of state-owned stocks, primarily for capital preservation and dividend income [46][48]. - The national team also acts as a stabilizing entity during market volatility, with plans to sell previously acquired shares when the market improves, while retaining long-term investments [49].

端午假期即将到来，股市休市，闲钱放着也是闲着，利用闲钱来赚钱啦！ 单从计息时间来看，目前端午国债逆回购最佳操作日期是本周四（5月29日）。操作1天期逆回购（可在当日盘中及收盘后的半小时内下单，资 金在次一交易日盘前已可用）能赚足4天利息。 5月29日，投资者可以借出1天期逆回购（沪市逆回购简称GC001，代码204001；深市逆回购简称R-001，代码131810），就可以收获4天利息， 资金在6月3日盘前已可提现。 所谓每逢节日发红包，受流动性影响，节假日资金价格可能走高，操作一把国债逆回购这个无风险收益，算是股民的一个小福利。 结合今年端午放假安排，今日（5月29日）就是操作国债逆回购的最佳时点之一。5月29日当天，只需投资1天期逆回购就可以赚到4天的利息， 而且资金在6月3日开盘前即可取出。 躺赚4天利息 今年端午一共放假3天，6月3日（周二）股市正常开市。在本周四之前，投资者操作国债逆回购即可获得端午假期期间利息。对于国债逆回 购，这次投资者只要操作得当，最高可获得相当于投资期限4倍的收益。也就是借出1天期的国债逆回购，就可以赚取4天的利息。 | | | 耳筒逆回购攻略 | | | | --- | - ...

Core Viewpoint - The event aims to explore the development trends and investment opportunities in the biopharmaceutical industry, facilitating deep communication between the industry and capital markets, and breaking down information barriers [1][3]. Group 1: Event Overview - The 13th session of the Lujiazui Financial Salon will be held on May 30 in Shanghai, focusing on "Capital Driving the Leap of the Biopharmaceutical Industry" [3]. - The event invites prominent guests from the scientific, industrial, and capital sectors to discuss the biopharmaceutical industry's development trends and investment opportunities [1][3]. Group 2: Key Speakers - Yuan Quanhong, founder and CEO of Hankan Capital, has over 20 years of experience in the pharmaceutical field and has led investment decisions for over 40 projects, many of which have become industry leaders [3]. - Ma Dawei, an academician of the Chinese Academy of Sciences, has long engaged in basic research and innovative drug development in the biopharmaceutical field, receiving multiple prestigious awards [6]. - Xu Yaochang, founder and CEO of Heyu Pharmaceutical, has over 25 years of experience in new drug research and management, leading numerous innovative drug projects across various disease areas [11]. - Bai Jiajie, investment director at Taibao Private Equity Fund Management Co., has 18 years of experience in capital markets, leading over $15 billion in overseas IPOs and significant cross-border mergers and acquisitions [14]. - Yang Ying, head of strategy and business development for Sanofi Greater China, has 20 years of experience in the pharmaceutical industry, covering various fields including strategic planning and drug development [17]. Group 3: Discussion Topics - The dialogue will focus on collaborative development between the biopharmaceutical industry and capital, discussing topics such as technological breakthroughs, enterprise growth paths, capital demands, and the integration of industry and academia [20]. - The event aims to provide practical suggestions for the deep integration of industry and capital through cross-disciplinary discussions [20]. Group 4: Event Support and Goals - The Lujiazui Financial Salon is guided by the Shanghai Municipal Financial Office and the People's Government of Pudong New District, with media support from various financial news outlets [21]. - The series of events serves as a regular communication platform, aiming to continuously contribute to financial reform and support the high-quality development of the Pudong economy [21].

Core Viewpoint - The article discusses the 2025 Financial and Fund Work Conference held by China Chengtong, emphasizing the importance of aligning financial and fund operations with national strategies and enhancing high-quality development in these sectors [1][3]. Group 1: Financial and Fund Business Development - The financial and fund business of the group has achieved significant growth, evolving from non-existence to a robust presence, while adhering to the leadership of the Communist Party [3]. - The group has established a comprehensive financial business system that includes fund investment, equity operations, and financing leasing, effectively supporting the upgrading of state-owned enterprises and the development of strategic emerging industries [3]. Group 2: Strategic Focus and Implementation - The group aims to enhance its political stance and align financial and fund operations with the broader goals of the Party and the state, focusing on key tasks such as special bond investments and the establishment of science and technology innovation funds [4]. - There is a strong emphasis on the need for all units to deeply understand and implement the important discussions by General Secretary Xi Jinping regarding financial work, translating learning outcomes into actionable measures for high-quality development [4]. Group 3: Meeting Structure and Participation - The conference was conducted in a hybrid format, with key leaders and department heads participating both on-site and via video link, ensuring broad engagement across the organization [5].

5月27日，美国欧盟关税谈判缓和和美股大幅反弹影响，避险需求降温，金价延续走低，盘中一度跌至 3283美元，尾盘小幅拉升，截至收盘，COMEX黄金期货跌1.27%报3299.70美元/盎司；截至亚市收盘， 黄金ETF华夏(518850)跌0.83%，近5日高位震荡，获资金净申购9671万元，黄金股ETF(159562)跌 2.04%，近5日获资金净申购5781万元。 数据层面，美国3月FHFA房价指数环比降0.1%，预期升0.1%，前值从升0.1%修正为持平。美国3月 S&P/CS20座大城市未季调房价指数同比升4.1%，预期升4.5%，前值升4.5%。国信期货分析认为，美欧 贸易博弈扰动与美俄制裁升温交织，支撑贵金属避险功能；美国房价走弱强化滞胀交易，佛州立法确认 金银货币地位提振实物需求，但特朗普集团比特币储备计划或阶段性分流资金。 展望后市，黄金或维持震荡格局，若后续通胀数据稳固，美联储宽松节奏放缓或抑制上行空间，但地缘 与政策风险溢价仍支撑金价。 消息面上，特朗普在社交媒体发文称，对欧盟加快贸易谈判进程感到鼓舞。知情人士此前透露，欧盟正 寻求加快与美国的贸易谈判，重点放在关键的行业以及关税和非关税壁垒 ...

面对新时代赋予的使命任务，集团金融和基金业务要提高政治站位，切实把金融和基金工作置于党和 国家大局中谋划推动，聚焦"国之大者"，以"四个坚持"开创金融和基金业务高质量发展新局面。集团上 下要加强党对金融和基金工作的全面领导，以全面从严治党保障发展方向，以领导班子和人才队伍建 设夯实发展根基，确保党中央决策部署和集团战略落地见效。要紧扣专项债注资、科创基金设立、增 持贷投资等重点任务，全力以赴完成各项任务目标，统筹发展和安全，以务实举措推动金融和基金业 务在服务国家战略中实现新突破。 郭祥玉在总结时强调，各单位要深刻学习领会习近平总书记关于金融工作的重要论述精神，将学习成果转 化为推动集团金融和基金业务高质量发展的具体举措。要迅速传达会议精神，压实各级企业主体责任，对 照经营预算要求，全力实现价值创造目标。要抓紧落实国务院国资委党委巡视反馈问题和金融风险专项治 理问题整改要求，以扎实的整改工作成效提升发展质量，服务国家战略，筑牢不发生系统性风险的底线。 5月26日，中国诚通召开2025年度金融和基金工作会，深入学习贯彻习近平总书记关于金融工作的重要论 述，全面落实中央金融工作会议精神，以及国务院国资委关于加强监 ...

Core Viewpoint - The financial advisor, Zhongtai Securities Co., Ltd., has verified the detailed equity change report of Jinkai New Energy Co., Ltd., confirming that the disclosed content is accurate, complete, and complies with relevant regulations [1][4]. Group 1: Verification of Equity Change Report - The financial advisor conducted a thorough review of the detailed equity change report and found no false records, misleading statements, or significant omissions [3][4]. - The report's content aligns with the requirements of the Securities Law and the Acquisition Management Measures [4]. Group 2: Purpose of Equity Change - The purpose of the equity change is to enhance investor confidence and support the sustainable development of Jinkai New Energy, reflecting a recognition of its value [5]. - There are currently no plans for the information disclosing party and its concerted actors to increase or decrease their holdings in the next 12 months [5]. Group 3: Basic Information of Disclosing Party and Concerted Actors - The disclosing party, Jinkai Enterprise Management Co., Ltd., is wholly owned by Tianjin Jinrong Group, which is controlled by the Tianjin State-owned Assets Supervision and Administration Commission [6][12]. - The concerted actors include Tianjin Jincheng No. 2 Equity Investment Fund and Tianjin Jinrong Capital Operation Co., Ltd., both of which are also under the control of Tianjin Jinrong Group [6][12]. Group 4: Financial Data - Jinkai Enterprise Management's recent financial data shows total assets of 65,271.22 million yuan and net assets of 49,563.86 million yuan for the year 2024 [22]. - Tianjin Jincheng No. 2's total assets were reported at 38,728.43 million yuan with a net profit of 2,554.40 million yuan for the year 2024 [22]. - Tianjin Jinrong Capital's total assets reached 95,469.01 million yuan with a net profit of 1,930.00 million yuan for the year 2024 [24]. Group 5: Equity Structure and Changes - Following the equity change, Jinkai Enterprise Management's shareholding increased from 9.47% to 12.61%, while the total shareholding of the disclosing party and its concerted actors rose from 16.86% to 20.00% [29][30]. - The equity change was executed through a centralized bidding method in the secondary market [30]. Group 6: Funding Sources - The total payment for the equity change amounted to 356.23 million yuan, with 60 million yuan from self-owned funds and the remainder from self-raised funds [31]. - The self-raised funds include loans for stock repurchase and increase, with the main source of self-owned funds being shareholder contributions and dividends from Jinkai New Energy [31].

Core Viewpoint - The company emphasizes the importance of recognizing official channels to avoid scams and protect investors' interests and brand reputation [1][6][17] Group 1: Official Channels - The official website of the company is the core platform for accurate information and services, and users should directly input the designated URL to avoid phishing [3][6] - The company collaborates with well-known financial information portals to publish market analysis and industry dynamics, urging users to verify the authenticity of the information [6][9] Group 2: Customer Service - The official customer service is the legitimate way for investors to seek support, and communication should only occur through the official website [11][13] - Users are advised to be cautious of unsolicited calls or messages claiming to offer special services or high returns, as these may be scams [13][14] Group 3: Security Practices - The company promotes a "Three No's, Three Musts" approach to enhance personal security, which includes not disclosing personal information, not blindly trusting others, and not authorizing anyone to operate investments on their behalf [14][15][16] - Users should regularly change their passwords and be aware of the official website to avoid fake sites [16][17]