Core Viewpoint - The Supreme People's Court of China has released 12 typical cases to protect the legal rights of private enterprises and entrepreneurs, addressing pain points in the development of the private economy through judicial means [1]. Group 1: Corruption in Large Enterprises - The issue of "small power, big corruption" has emerged in large internet companies, where ordinary business managers wield significant control over resources, leading to corruption [2][3]. - A case involving a business development manager at an internet company revealed that from 2019 to 2023, he accepted bribes totaling approximately 6.14 million RMB for providing advantages in app approvals and resource allocation [3]. - Another case highlighted a platform operator who received over 92 million RMB in bribes within a year, exploiting his position to approve store applications [4]. Group 2: Invalid "Back-to-Back" Clauses - Large companies have been found to use "back-to-back" clauses in contracts with small and medium-sized enterprises (SMEs) to shift payment risks, which has been deemed invalid by the courts [5][6]. - A specific case involved a state-owned construction company that delayed payment of over 1.57 million RMB to a private cable company, citing the "back-to-back" payment condition [6]. - The Supreme Court's ruling on this case aims to alleviate the long payment cycles and high costs faced by SMEs, promoting fair market competition [7].

Group 1 - The core viewpoint of the article highlights the strong performance of U.S. stock futures following the positive earnings reports from Microsoft and Meta, indicating a return of volatility in the market [1][3] - Microsoft shares rose by 9% in pre-market trading, approaching a market capitalization of $4 trillion, while Meta's shares surged by 11.13%, resulting in a combined market value increase of $537.6 billion for these two companies [1][3] - The S&P 500 index has experienced 25 consecutive trading days with price fluctuations not exceeding 1%, reflecting a period of low volatility prior to the recent earnings announcements [1] Group 2 - The U.S. June PCE price index showed a year-on-year increase of 2.6%, with the core PCE index rising by 2.8%, both figures exceeding market expectations [3] - The implementation of "Trump tariffs" is set to begin, with significant tariff rates of 35% and 30% on goods from Canada and Mexico, respectively, and a 25% tariff on Indian goods, potentially increasing inflationary pressures in the U.S. [4] - Ford has warned that its second-quarter earnings were impacted by $800 million due to tariffs, and the company has raised its full-year revenue impact estimate from tariffs to $3 billion [8] Group 3 - Moderna announced a 10% workforce reduction in response to declining vaccine sales, indicating financial pressures within the company [9] - Eli Lilly's long-term trial results for Mounjaro showed an 8% reduction in cardiovascular risks compared to Trulicity, but the market reaction was lukewarm, with shares initially dropping over 5% [10] - Anheuser-Busch InBev's stock fell over 10% in pre-market trading due to second-quarter sales declining more than expected, reflecting challenges in the beverage industry [11]

Core Viewpoint - The Hong Kong stock placement market is expected to experience explosive growth in 2025, driven by ample liquidity, valuation recovery, and corporate strategic expansion needs [1] Fundraising Overview - Hong Kong listed companies have raised nearly 170 billion HKD through placements this year, significantly surpassing the same period last year and exceeding the total for 2024 [1][3] - 223 Hong Kong listed companies have completed placements this year, raising a total of 169.83 billion HKD, which represents a 419.09% increase compared to the same period last year [3] - 67 companies have announced placement plans but have not yet implemented them, with a total planned fundraising amount of approximately 259.69 billion HKD [5][6] Notable Companies and Amounts - BYD Company Limited has raised the highest amount through placements this year, totaling 43.51 billion HKD, accounting for 25.62% of the total refinancing scale for 2025 [5] - WuXi AppTec plans to raise 7.38 million H-shares at a price of 104.27 HKD per share, aiming for a total of approximately 76.95 billion HKD, with 90% allocated for global expansion and capacity building [2][5] Market Dynamics - The historical peaks of placements in the Hong Kong market typically occur during periods of ample liquidity and relatively high valuations [7] - The current market environment has improved liquidity and valuation levels, providing a favorable backdrop for corporate refinancing [7] - The sectors leading in fundraising include new energy, internet, artificial intelligence, and biomedicine, with companies focusing on significant R&D investments and business expansion [7] Future Expectations - The Hong Kong stock exchange is expected to continue optimizing listing and refinancing mechanisms, enhancing market efficiency and attractiveness [8] - The estimated additional fundraising for the second half of the year is projected to be between 150 billion and 200 billion HKD [8]

截至2025年7月31日收盘，易点天下股价报33.54元，较前一交易日上涨20.00%。当日成交额达36.93亿 元，换手率为37.61%。 本文源自：金融界 易点天下属于互联网服务行业，公司专注于企业国际化智能营销服务，业务覆盖全球多个市场。 消息面上，AI应用领域近期受到市场关注。数据显示，大模型应用的个人用户注册总数已超过31亿， API调用用户总数超过1.59亿。此外，美股AI巨头Meta、微软最新财报表现亮眼，带动市场对AI产业链 的关注度提升。 资金方面，易点天下当日主力资金净流入8.98亿元，在传媒行业中位居首位。 风险提示：股市有风险，投资需谨慎。 作者：A股君 ...

亚商投顾熊舞老师提醒大家：股市有风险，投资需要多加小心，避免不必要的风险。 一、大盘 深证成指今日延续调整，且跌幅超1.5%。从技术面来看，K线短期形成顶分型形态，且失守5日和10日均线，此外MACD指标白线拐头向下，红柱体也是快 速缩短，势能衰竭，短期走弱迹象明显。前几日复盘也是一直和大家强调，近期指数连续拉升，临近前高压力区，小心获利盘的兑现和抛压盘的释放，这不 调整说来就来，所以投资既要看到机会，也要学会看到风险，不能一味的乐观，该谨慎的时候还要谨慎。当然，对于中期向好的走势来看，下跌调整也是机 会的释放，低吸便宜筹码岂不快哉！ 3.市场情绪 两市上涨1016左右，下跌4287左右，涨跌比大致1：4，市场表现较差。 涨停及涨幅10%以上个股59家左右，跌停及跌幅10%以上的非ST股11家，短线情绪再度降温。 1.盘面 上证指数早盘小幅低开，随后震荡下行，午后跌幅扩大，截止收盘，指数下跌1.18%，收出中阴线，全天成交额8459亿，相比上交易日的8196亿，增加了 263亿。 深证成指早盘几乎平开，随后震荡调整，午后单边下行，截止收盘，指数下跌1.73%，收出大阴线，全天成交额1.02万亿，相比上交易日的 ...

仅有机 甲国恢电 中观时代 (发名) 2422.60亿市值 1890.20亿市值 6811.95亿市值 16.55亿成交额 72.09亿成交额 9.87亿成交额 15.64 9.19 27.84 -0.34(-2.13%) -0.07(-0.76%) -0.86(-3.00%) 证券 电池 中信证券 宁德时代 国泰海通 C CATL 4300.92亿市值 3578.83亿市值 12064.85亿市值 41.47亿成交额 29.90亿成交额 120.89亿成交额 29.02 20.30 264.62 -0.76(-2.55%) -0.56(-2.68%) -12.47(-4.50%) 消费电子 互联网服务 XD工业富 立讯精密 东方财富 a Lond Fil 6873.36亿市值 2656.41亿市值 3671.28亿市值 105.15亿成交额 37.40亿成交额 104.38亿成交额 34.61 23.23 36.63 -1.11(-2.94%) -0.58(-2.44%) +1.97(+6.04%) 家电行业 食品饮料 海天味业 格力电器 kk 海尔智家 2330.72亿市值 2244.17亿市值 2555 ...

8月19日，小米集团-W将披露2025财年中报。 7月31日，小米集团-W(01810)盘中下跌2.01%，截至09:57，报53.65元/股，成交17.62亿元。 小米集团是一家主要以手机、智能硬件和IoT平台为核心的互联网公司，产品包括智能手机、IoT和生活 消费产品、互联网服务产品。公司的商业模式由创新、高质量的硬件，高效新零售和丰富的互联网服务 三个相互协作的支柱组成，致力于降低运营成本并提升效率。 截至2025年一季报，小米集团-W营业总收入1112.93亿元、净利润109.24亿元。 本文源自：金融界 作者：行情君 ...

Group 1 - The stock price of Tianli Technology as of July 30, 2025, is 32.27 yuan, down by 1.12 yuan, representing a decline of 3.35% from the previous trading day [1] - The opening price for the day was 33.02 yuan, with a highest price of 33.58 yuan and a lowest price of 32.00 yuan, indicating volatility in trading [1] - The trading volume reached 174,600 hands, with a total transaction value of 571 million yuan [1] Group 2 - Tianli Technology operates in the internet services industry, with business activities including information technology services [1] - The company is registered in Jiangxi and is involved in multiple concept sectors [1] - During the early trading session on July 30, Tianli Technology experienced a quick rebound, with a price increase of over 2% within 5 minutes, reaching a price of 33.43 yuan and a transaction value of 63.94 million yuan [1] - The net outflow of main funds on that day was 40.84 million yuan [1]

该公司属于互联网服务行业，专注于物联网、移动支付和云计算等领域。新开普在数字人民币领域拥有 多项技术能力，包括充值、缴费、消费等应用技术，已在50余个校园和企业客户中实现业务场景落地。 来源：金融界 7月30日主力资金净流出3712.04万元，占流通市值的0.62%。 新开普7月30日股价报14.52元，较前一交易日下跌0.56元。当日开盘价为15.00元，最高触及15.00元，最 低下探至14.50元，成交量为170946手，成交金额达2.52亿元。 风险提示：股市有风险，投资需谨慎。 公司近日在投资者互动平台表示，在数字人民币业务研发中应用了国产密码算法、二维码双离线支付交 易机制、移动支付NFC-SWP等技术。未来将在符合监管要求的前提下，探索与银行及学校合作的可能 性，提供支付解决方案。 ...

Group 1 - The stock price of Tianyu Digital Technology closed at 6.60 yuan on July 30, down 0.11 yuan, representing a decline of 1.64% [1] - The trading volume on that day was 700,690 hands, with a transaction amount of 463 million yuan [1] - Tianyu Digital Technology operates in the internet services industry, focusing on digital entertainment and digital marketing, with a registered location in Liaoning [1] Group 2 - The company is involved in emerging technology fields such as virtual digital humans and the metaverse [1] - On July 30, the company stated on its interactive platform that its production and operation order is normal, and its business structure is becoming increasingly rational, indicating overall positive development [1] - The company plans to further strengthen its operations and management to promote long-term value and profit growth [1] Group 3 - On July 30, the net outflow of main funds was 70.54 million yuan, accounting for 0.66% of the circulating market value [1]