二是组织一次权威生动的政策宣导。强化从业人员教育，组织专业培训、专题宣讲，积极落实宣传"三 适当"原则，强化风险责任意识；面向消费者组织系列线上线下活动，普及各类金融产品的基础知识， 引导消费者树立理性消费和投资观念。 新华保险近日全面启动公司2025年金融教育宣传周活动，以"五个一"为主线，按下金融教育宣传周活动 启动键，跑出助力人民群众美好生活加速度。 三是开展一轮贴近生活的风险提示。主动参与"风险提示送上门"活动，为消费者送达金融知识和防非常 识，制作"以案说险小剧场"情景短剧，线上发布系列视频、图文，线下发放单页折页等形式，以喜闻乐 见的形式向消费者提示各类非法中介危害和互联网贷款乱象。 一是营造一片浓厚热烈的活动氛围。采取多种方式进行活动宣传预热，通过多种形式举行活动启动仪 式，利用线下网点渠道展现活动口号、宣传海报、金融教育作品，通过官方网站、官方微信公众号等专 题展示推送活动主题和内容，积极营造浓厚热烈的活动氛围。 四是宣传一批为民办实事亮点举措。践行"金融为民"理念，通过内、外部媒体，广泛宣传聚焦老年人、 残疾人、新市民、外籍来华人士等各类重点群体推出的有特色、可落地的金融惠民利民举措，以宣传 ...

Market Overview - The three major indices in the A-share market collectively rose in early trading, with mixed performance in the afternoon session. The Shanghai Composite Index closed at 3860.50 points, down 0.26%, with a trading volume of 986.17 billion yuan. The Shenzhen Component Index closed at 13005.77 points, up 0.63%, with a trading volume of 1291.21 billion yuan. The ChiNext Index closed at 3066.18 points, up 1.51%, with a trading volume of 616.54 billion yuan [1]. Sector Performance - The gaming, aquaculture, and film and television sectors saw the highest gains, while small metals, precious metals, and cultural media sectors experienced the largest declines [2]. Sector Rankings - The gaming sector led with a gain of 3.65%, totaling a trading volume of 1649.50 million hands and a transaction value of 27.49 billion yuan, with a net inflow of 2.75 billion yuan [3]. - The aquaculture sector increased by 1.48%, with a trading volume of 1349.98 million hands and a transaction value of 1.47 billion yuan, showing a net inflow of 1.18 billion yuan [3]. - The film and television sector also rose by 1.48%, with a trading volume of 1555.04 million hands and a transaction value of 1.60 billion yuan, along with a net inflow of 0.32 billion yuan [3]. - In contrast, the small metals sector fell by 2.10%, with a trading volume of 1171.95 million hands and a transaction value of 35.17 billion yuan, experiencing a net outflow of 4.57 billion yuan [3]. - The cultural media sector declined by 1.46%, with a trading volume of 2730.78 million hands and a transaction value of 25.87 billion yuan, facing a net outflow of 2.39 billion yuan [3].

为深入贯彻中央金融工作会议精神，积极践行以人民为中心的发展思想，昆仑健康保险股份有限公司（以下简称"昆 仑健康保险"）于2025年9月15日正式启动"金融教育宣传周"活动。本次宣传周以"保障金融权益，助力美好生活"为主 题，通过线上线下多元融合的宣传方式，面向不同人群开展针对性金融知识普及与风险教育，不断优化提升金融服务水 平，让金融行业发展更好满足人民群众美好生活需要。 精准响应政策要求，构建"大消保"教育新格局 昆仑健康保险积极响应国家金融监督管理总局相关部署，将消费者权益保护置于公司经营的核心位置，以"诚信守 护，健康同行"为本次活动口号。围绕群众普遍关注的金融常识、风险识别等内容，着力帮助消费者理性选择金融产品， 远离非法金融与诈骗侵害。 公司充分发挥总分联动、科技赋能的作用，推动教育宣传进一步向基层延伸，促进金融知识"下乡入户"，切实提升 金融服务覆盖面和普惠性。 线上线下协同推进，提升宣传实效与参与感 活动期间，昆仑健康保险正式发布《金融教育宣传手册》，系统梳理从投保、理赔全流程知识及常见金融风险防范 指南，为客户提供实用操作参考，助力消费者提升自我防护能力。 昆仑健康保险将持续优化消费者权益保护 ...

值得注意的是，恒大人寿三任董事长都受到不同程度的处罚。梁栋于2020年3月至2023年任恒大人寿董事长，此前有25年保险业从业经历，曾任 职于平安人寿、太平人寿，拥有对外经济贸易大学EMBA学位，此次被终身禁止进入保险业。 朱加麟2017年至2019年任恒大人寿董事长，任职期间该公司与中融人寿开展41.29亿元违规互投，2019年卸任后转投中融人寿，此次被处5年禁业 及10万元罚款。 9月12日，国家金融监督管理总局与深圳金融监管局分别发布行政处罚信息，针对恒大人寿保险有限公司（下称"恒大人寿"）违法违规行为作出 处罚，涉及保险资金运用、股东股权及印章管理等领域，28名相关责任人被追责，其中5人被实施禁业。 根据国家金融监督管理总局处罚决定，恒大人寿存在保险资金运用严重不合规问题。据此，监管部门对梁栋、朱加麟、曾松柏、陈堃、刘国辉等 20人给予警告，合计罚款283万元；同时对5名核心人员实施禁业，包括恒大人寿两任前董事长梁栋、朱加麟，原总经理曾松柏，原副总经理陈堃 等，禁业期限从5年至终身不等。 同日，深圳金融监管局发布的行政处罚决定书显示，恒大人寿在股东股权及印章管理方面存在违规。该局对恒大人寿给予警告，并 ...

青民数科通过运营实体聚焦保险行业企业客户需求，核心定位为主要面向中国汽车保险第三方服务商及 保险公司等企业客户，提供综合业务解决方案。其业务重心集中在汽车保险后市场服务领域，具体涵盖 保险风险评估、车辆安全检测、维修等增值服务。截至2025年3月31日的财年，公司已为14家企业客户 提供专业服务，形成稳定的客户基础。 智通财经APP获悉，中国汽车保险后市场服务提供商青民数科(QMSK.US)上周五提高了即将进行的IPO 的拟议交易规模。据最新披露，这家总部位于青岛的企业计划以每股4至6美元的价格区间发行630万股 股票，预计募资总额达3100万美元——较此前申请的150万股发行规模及对应融资预期大幅增长317%。 从发展历程看，青民数科成立于2013年，近年来财务表现稳健。截至2025年3月31日的12个月内，公司 实现营业收入6500万美元。此次IPO计划登陆纳斯达克交易所，股票代码为QMSK，由D. Boral Capital 担任唯一账簿管理人。 ...

作为年度备受瞩目的科技盛会，主题为"重塑创新增长"的2025外滩大会9月10日至13日在上海黄浦世博 园区举行。为全球科技、金融和产业界搭建起一个开放对话平台，并展现AI时代全球科技创新趋势。 今年的外滩大会设置了10000平米科技展览、5000平米科技集市，吸引了近200家企业参展。科技展区的 三大板块："探索智能上限"、"深入产业实践"、"全球创新协作"分别展示了从LLM到通用人工智能等前 沿技术布局、AI与健康出行等行业的结合应用，以及全球金融科技领域创新示范应用。 上海全球金融科技中心展区围绕《上海高质量推进全球金融科技中心建设行动方案》主题展开，展示 了"行动方案"发布以来上海在金融科技方面取得的一系列成果，全面呈现了上海在金融科技领域的创新 实践、技术突破和应用场景，展示了上海金融科技良好的发展环境和政策支持。 上海证券交易所、国泰海通证券股份有限公司、上海浦东发展银行股份有限公司、中国工商银行股份有 限公司、中国太平洋保险（集团）股份有限公司、上海库帕思科技有限公司、上海财跃星辰智能科技有 限公司、上海商汤智能科技有限公司、上海智谱寰宇科技有限公司、无限光年（上海）技术有限公司、 上海临港新片区 ...

瑞银预测2024年至2030年，内地新能源车保费年均复合增长率(CAGR)为27%，达到5,920亿人民币，主 要由车队规模推动。2024年新能源车行业综合成本率(CoR)为107%，预计2027年将实现转机。因此，瑞 银预测到2030年，新能源车承保利润将达到170亿人民币。 瑞银发布研报称，汽车制造商附属保险公司的竞争威胁有限，相信凭借强大的定价和理赔能力，中国财 险(02328)将成为受益者，预计2025年比同行更快实现转机。因此，瑞银将中国财险2025至2029年净利 润预测分别上调3%至8%，目标价从20.7港元上调至21.8港元;重申"买入"评级。 ...

作为年度备受瞩目的科技盛会，主题为"重塑创新增长"的2025外滩大会9月10日至13日在上海黄浦世博 园区举行。为全球科技、金融和产业界搭建起一个开放对话平台，并展现AI时代全球科技创新趋势。 今年的外滩大会设置了10000平米科技展览、5000平米科技集市，吸引了近200家企业参展。科技展区的 三大板块："探索智能上限"、"深入产业实践"、"全球创新协作"分别展示了从LLM到通用人工智能等前 沿技术布局、AI与健康出行等行业的结合应用，以及全球金融科技领域创新示范应用。 上海全球金融科技中心展区围绕《上海高质量推进全球金融科技中心建设行动方案》主题展开，展示 了"行动方案"发布以来上海在金融科技方面取得的一系列成果，全面呈现了上海在金融科技领域的创新 实践、技术突破和应用场景，展示了上海金融科技良好的发展环境和政策支持。 上海证券交易所、国泰海通证券股份有限公司、上海浦东发展银行股份有限公司、中国工商银行股份有 限公司、中国太平洋保险（集团）股份有限公司、上海库帕思科技有限公司、上海财跃星辰智能科技有 限公司、上海商汤智能科技有限公司、上海智谱寰宇科技有限公司、无限光年（上海）技术有限公司、 上海临港（60 ...

智通财经APP获悉，瑞银发布研报称，汽车制造商附属保险公司的竞争威胁有限，相信凭借强大的定价 和理赔能力，中国财险(02328)将成为受益者，预计2025年比同行更快实现转机。因此，瑞银将中国财 险2025至2029年净利润预测分别上调3%至8%，目标价从20.7港元上调至21.8港元;重申"买入"评级。 瑞银预测2024年至2030年，内地新能源车保费年均复合增长率(CAGR)为27%，达到5,920亿人民币，主 要由车队规模推动。2024年新能源车行业综合成本率(CoR)为107%，预计2027年将实现转机。因此，瑞 银预测到2030年，新能源车承保利润将达到170亿人民币。 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - In the context of unchanged risk preferences, deposit "migration" follows a sequence from pure - bond wealth management products and money market funds to bond funds and equity funds. Pure - bond wealth management products are the main recipients of migrated deposits, followed by money market funds. Bond - type funds have a complex attractiveness structure, and equity funds are mostly outside the deposit migration path. As the equity market strengthens, the order of deposit outflow choices and the bank - to - bank liquidity structure change. The effectiveness of quantity - based indicators such as excess reserves decreases, while the risk of short - term shock to inter - bank liquidity increases, but the central bank's attitude towards liquidity is supportive [1][34][44]. Summary According to the Table of Contents 1 Capital Cross - market Rotation and Its Impact on Bond Market Liquidity 1.1 Cost - effectiveness as an Important Consideration for Deposit "Migration" - Due to the continuous decline in deposit interest rates, both household and corporate deposits are migrating. Households are affected by the decline in deposit interest rates, while enterprises are more affected by the ban on manual interest - supplement policies. Insurance products, pure - bond wealth management products, and bond funds have attracted migrated funds due to their yield advantages [12][15][16]. 1.2 Risk Preferences May Disturb the Direction of Deposit "Migration" - When risk preferences are stable, pure - bond wealth management products have the strongest ability to absorb migrated deposits, with a correlation coefficient of 0.87 between the spread of their yields over deposits and the difference between their scale growth rate and deposit growth rate. Money market funds rank second with a correlation of 0.64. Bond - type funds have a complex attractiveness, and equity funds are less involved in deposit migration. As the equity market strengthens, the order of deposit outflow changes, and the bank - to - bank liquidity structure becomes more complex [1][23][34]. 2 Important Matters - In August 2025, CPI was flat month - on - month and decreased by 0.4% year - on - year; PPI was flat month - on - month and decreased by 2.9% year - on - year. In August, M1 growth continued to pick up, and government bonds were the main support for social financing. The central bank will conduct a 6 - month 6000 - billion - yuan buy - out reverse repurchase operation on September 15, 2025 [55][56][59]. 3 Money Market 3.1 Open - market Operations and Fund Interest Rate Trends - From September 8 to 12, 2025, the central bank net - injected 1961 billion yuan through 7 - day reverse repurchase operations. It is expected that 13845 billion yuan of base money will be withdrawn from September 15 to 19. Bank - to - bank liquidity tightened marginally last week, and DR001 first rose and then fell [61][67]. 3.2 Certificate of Deposit Interest Rate Trends and Repurchase Transaction Volume - In the primary market, commercial banks' inter - bank certificates of deposit had a net financing scale of - 4680.1 billion yuan last week. The issuance scale of joint - stock banks was the largest, but they also had a net financing deficit. The issuance interest rate of certificates of deposit increased compared with the previous week. In the secondary market, the yields of certificates of deposit at all tenors increased due to the marginal tightening of the money market [70][74][79]. 4 Bond Market - In the primary market, the main supply of interest - rate bonds last week was still treasury bonds, with a total issuance scale of 5663.7 billion yuan and a net financing scale of 4155.9 billion yuan. The net financing rhythm of local government bonds from January to August was faster than that of treasury bonds. As of September 12, the cumulative net financing scale of special refinancing bonds in 2025 was 1.97 trillion yuan. In the secondary market, the bond market was in a weak mood last week, with the curve becoming steeper. The daily average turnover rate of active bonds increased, and the liquidity premium of 10 - year treasury bonds widened [83][90][95]. 5 Institutional Behavior Tracking - Last week, the 20 - day moving average of the daily trading volume of inter - bank pledged repurchase was 7.31 trillion yuan, and the average leverage trading scale was about 7.49 trillion yuan. In the cash bond market, state - owned banks increased their purchases of treasury bonds with a maturity of less than 5 years, rural commercial banks turned from selling to buying, insurance companies bought long - term treasury bonds and local bonds, while securities firms and funds sold bonds. In July 2025, the leverage ratio of all institutions in the inter - bank market decreased seasonally [111][119][122].