保险资金设立私募证券基金，主要投资于二级市场股票并长期持有，这是保险资金长期投资改革试点的具体实践。首批试点项目于2023年10月获批，由中国 人寿和新华保险共同发起设立的鸿鹄基金一期，总规模达到500亿元。该基金于2024年3月正式启动投资，并在今年3月初完成了全部投资落地。新华保险在 最新半年报中披露，鸿鹄基金一期上半年实现营业收入12.03亿元，净利润9.68亿元，业绩表现亮眼。 随着上市公司半年报的全面公布，保险资金通过私募基金进行的投资布局逐渐浮出水面。数据显示，由保险公司设立的私募基金在资本市场上的活跃度显著 提升，其中，鸿鹄基金的表现尤为引人注目。 根据东方财富Choice的数据统计，截至目前，鸿鹄基金已悄然跻身于至少7家上市公司的前十大股东行列，其二期、三期项目亦相继现身市场，引发了广泛 关注。这一系列动作不仅展示了保险资金作为重要机构投资者的实力，也反映出其在政策支持和利率环境变化的背景下，正通过私募基金加大对二级市场股 票的投资力度。 鸿鹄基金二期、三期也加速推进。二期总规模200亿元，由新华保险和中国人寿各出资100亿元认购；三期总规模400亿元，分为两只产品，分别由中国人 寿、新华保险 ...

Group 1 - The core viewpoint of the articles indicates that insurance capital is increasingly favoring bank stocks, with a significant presence in the top ten shareholders of over 700 stocks as of the end of Q2 2025 [1][3] - As of the end of Q2 2025, insurance capital held a total of 730 stocks, with a total shareholding of 61.919 billion shares and a market value of 628.985 billion yuan, both of which increased compared to the end of Q1 2025 [3] - Among the top ten heavy holdings of insurance capital, six are bank stocks, including Minsheng Bank, SPDB, Zhejiang Bank, Huaxia Bank, Industrial Bank, and China Merchants Bank [3] Group 2 - Insurance capital has shown a preference for high-dividend stocks and sectors such as transportation, telecommunications, and public utilities, with significant increases in holdings in these areas [4][5] - In Q2, insurance capital increased its holdings in CITIC Bank, Beijing-Shanghai High-Speed Railway, and China Telecom, with each seeing an increase of over 200 million shares [4] - The insurance sector is focusing on optimizing equity investment structures, particularly in high-dividend and new productive capacity stocks, with an emphasis on technology innovation, advanced manufacturing, and new consumption sectors [5]

对儿童、残疾军人、伤残人民警察、残疾消防救援人员等旅客购买动车组车票优惠措施进行优化，将 计算基础由公布票价调整为执行票价，是国铁集团积极顺应旅客多样化出行需求、关心关爱特殊群体 实行的优惠票折上折措施，旅客将享受更多优惠，拥有更好的出行体验。 儿童、残疾军人、伤残人民警察、残疾消防救援人员等旅客购买普速旅客列车优惠（待）票的适用范 围、计价规则保持不变。 按照《铁路旅客运输规程》相关规定，年满6周岁且未满14周岁的儿童应当购买儿童优惠票；每一名 持票成年人旅客可免费携带一名未满6周岁且不单独占用席位的儿童乘车，超过一名时，超过人数应 当购买儿童优惠票；免费乘车的儿童单独使用席位时应购买儿童优惠票。此次优化调整后，动车组列 车儿童优惠票按席别享受相应票价优惠，二等座、一等座按"执行票价的5折"方式计价，特等座、优 选一等座和商务座按"执行票价的8折"方式计价，动车组卧铺各席别（二等卧、一等卧、动卧、高级 动卧等）按"执行票价的7折"方式计价，最低折扣为公布票价的4折，将为亲子出行提供更多方便。 下一步，国铁集团将坚持以人民为中心的发展思想，持续关注不同旅客群体多样化出行需求，努力提 升铁路运输服务品质，为广大 ...

国铁集团对儿童、残疾军人、伤残人民警察、残疾消防救援人员等旅客购票优惠措施进一步优化，动车组列车优惠（待）票价计算基础由公布票价改为执 行票价，优惠下限为公布票价的4折，同时优化调整动车组列车儿童票相应席别的优惠幅度。优惠车票9月6日开始发售。 下一步，国铁集团将坚持以人民为中心的发展思想，持续关注不同旅客群体多样化出行需求，努力提升铁路运输服务品质，为广大旅客提供更好的出行体 验。旅客可通过铁路12306网站、客户端、微信等渠道查询，或关注各地铁路部门发布的动态信息。 （中国铁路微信公号） 按照《铁路旅客运输规程》相关规定，年满6周岁且未满14周岁的儿童应当购买儿童优惠票；每一名持票成年人旅客可免费携带一名未满6周岁且不单独占 用席位的儿童乘车，超过一名时，超过人数应当购买儿童优惠票；免费乘车的儿童单独使用席位时应购买儿童优惠票。此次优化调整后，动车组列车儿童 优惠票按席别享受相应票价优惠，二等座、一等座按"执行票价的5折"方式计价，特等座、优选一等座和商务座按"执行票价的8折"方式计价，动车组卧铺 各席别（二等卧、一等卧、动卧、高级动卧等）按"执行票价的7折"方式计价，最低折扣为公布票价的4折，将为亲子出 ...

9月4日8时，沈阳北站，一列CR400bf-g复兴号列车缓缓驶出1号站台，沈佳高铁沈白段（以下简称"沈白高铁"）开始模拟载客试运行。车上的旅客是来 自辽吉两地的媒体记者。 从沈阳北站始发的列车，沿线经沈阳市、抚顺市、通化市、白山市、延边朝鲜族自治州5个地市（州），终至长白山站，全长约430公里，设计时速350 公里，全线共设沈阳北站、伯官站、抚顺站、东韩家站、新宾站、通化站、白山东站、江源东站、长白山西站、长白山站10座车站。其中，辽宁境内设5个 车站，除东韩家站外都是客运站。 "这也是沈白高铁开通前最后的'热身'试跑，标志着高铁的开通进入了冲刺阶段。"车上，国铁沈阳局运输部高铁科工程师刘洋介绍，列车调度、客运、 运输、维修等一切工作均按照正式开通运营标准进行，以检验各系统的适应性和稳定性。 作为国家"十四五"规划重点项目，沈白高铁是"八纵八横"高铁主通道的区域连接线、东北高铁网的重要组成部分，对畅通区域经济循环、促进沿线旅游 资源开发、服务支撑新时代东北全面振兴具有重要的支撑引领作用。开通运营后，北京朝阳站、沈阳北站至长白山站最短旅行时间分别为4小时33分、1小时 53分。 沈白高铁于2021年7月开工建设 ...

Core Insights - The transportation sector in China is experiencing a continuous recovery, with stable growth in freight volume and inter-regional personnel movement, alongside rapid growth in port cargo throughput and high levels of fixed asset investment [1][2][3] Investment Performance - In July, China's fixed asset investment in transportation reached 306.1 billion yuan, with railways accounting for 77.1 billion yuan, highways 200.5 billion yuan, waterways 17.3 billion yuan, and civil aviation 11.2 billion yuan [2][3] - For the first seven months of the year, total fixed asset investment in transportation was 1.95 trillion yuan, with railway investment growing by 5.6% year-on-year [3] Freight Volume Growth - From January to July, the national railway transported 2.331 billion tons of goods, with a daily average of 183,300 cars, reflecting year-on-year increases of 3.3% and 4.1% respectively [4][6] - In July, the total operating freight volume reached 4.97 billion tons, a year-on-year increase of 3.4%, with rail, road, waterway, and civil aviation freight volumes growing by 4.5%, 3.3%, 3.4%, and 15.3% respectively [6][7] Technological Advancements - The Ministry of Transport emphasized the need to cultivate new productive forces in the transportation sector, focusing on major technological breakthroughs and the development of smart transportation [7][8] - The establishment of the Transportation Big Model Innovation and Industry Alliance marks a shift towards collaborative development in transportation modeling, aiming to leverage artificial intelligence for industry innovation [7][8]

（原标题：《德黑兰时报》编译版：伊朗与土库曼同意在两国边境铁路口岸新建两条换轨线路） 《德黑兰时报》8月12日报道，伊朗道路与城市发展部副部长兼国家铁路公司总经理扎卡里近期会 见土库曼斯坦铁路部门负责人后表示，双方已同意在萨拉赫斯口岸新建2条换轨线路，包括1条标准轨距 线路和1条宽轨线路，土库曼斯坦方面还将增加200至300辆货运车厢，以提升该口岸的过境能力。（驻 伊朗使馆经商处） ...

Core Insights - The lecture by Lu Chunfang highlighted the rapid development and technological innovation of China's high-speed rail (HSR) system, which has reached an operational mileage of 48,000 kilometers, more than double that of other countries, and holds the record for the world's fastest trains [2][3]. Group 1: Development Stages of High-Speed Rail - China's high-speed rail development has progressed through three main stages: initial establishment, introduction and absorption of foreign technology, and finally, independent innovation [2][3]. - The Beijing-Shanghai High-Speed Railway, which spans 1,318 kilometers, is a significant achievement in the second stage, establishing a comprehensive technical and management system for China's HSR [2][3]. Group 2: Technological Innovations - Post-2012, the focus shifted to independent innovation, leading to the construction of notable projects like the Lanzhou-Xinjiang High-Speed Railway and the Hainan Ring Island High-Speed Railway, showcasing advancements in technology [3][4]. - The introduction of smart technologies in high-speed rail, exemplified by the Beijing-Zhangjiakou Smart High-Speed Railway, marks a significant leap in operational efficiency and safety [3][4]. Group 3: Advantages of High-Speed Rail - High-speed rail offers numerous advantages, including safety, energy efficiency, high transport capacity, all-weather operation, speed, and comfort [3][4]. - Key technologies integral to high-speed rail include track design, rolling stock, train control systems, and traction power supply, all of which contribute to its operational safety and economic impact [4]. Group 4: Contribution to National Development - The development of high-speed rail is not merely a commercial endeavor but serves the broader goal of building a "transportation power" and fulfilling public demand for improved travel experiences [6]. - The spirit of innovation and dedication among scientists and engineers has been crucial in overcoming challenges and achieving technological breakthroughs in high-speed rail [6].

每经记者｜肖纯 每经编辑｜刘艳美 被誉为"中国铁路心脏"的郑州，有望再添一座火车站。 根据近日发布的《郑州市城市综合交通体系规划(2021—2035)》批后公示、《郑州市现代综合交通运输体系和枢纽经济发展规划（2023—2035年）》（征求 意见稿），郑州将谋划新建东部新城站。 按照规划，东部新城站未来将成为郑州铁路主客站之一，加上郑州站、郑州东站、航空港站以及正在建设的郑州南站，共同构成郑州"五主多辅"铁路客运枢 纽体系。 作为一座"火车拉来的城市"，火车站对郑州的意义从来不一般。新火车站的建设和推进，又将对郑州这座"超级枢纽"产生怎样的影响？ 从"站"到"城" 普铁时代，在一众被"火车拉来的城市"中，郑州无疑是最成功的一个。从当年开封下辖的县城，成为如今GDP破万亿、人口破千万的大城市，也是"北方第 三城"的有力竞争者。 高铁时代，郑州延续了轨道上的强势表现。2023年，随着郑济高铁通车，不仅让河南实现了"市市通高铁"，也让郑州成为全国第一个"米"字型高铁枢纽。 图片来源：郑州市自然资源和规划局 值得注意的是，东部新城站位于去年刚刚挂牌的中牟新区——这是河南第一个省级新区，也是郑开同城化战略的中心地带。 ...

Group 1 - The China-Europe Railway Express has become a crucial channel for transporting pandemic prevention materials, with significant shipments of masks and meltblown fabric to Italy [2] - Since the first train carrying pandemic supplies departed on March 21, a total of 4.97 million items and 39,000 tons of supplies have been transported by the China-Europe Railway Express by the end of July [3] - The railway service has played a vital role in stabilizing supply chains and facilitating international trade, particularly in the automotive sector, with multiple dedicated trains transporting parts from Germany to China [3] Group 2 - The pandemic has led companies to shift from traditional sea transport to the China-Europe Railway Express, resulting in increased efficiency and reduced costs for businesses like LONGi Green Energy [4] - The volume of China-Europe Railway Express services has significantly increased, with 6,354 trains operating in the first seven months of the year, marking a 41% increase year-on-year [4] - The Chinese government has implemented various measures to ensure the smooth operation of the railway service, including optimizing approval processes and prioritizing cargo transport [5]