今天，在2025陆家嘴论坛上，央行行长潘功胜宣布8项重磅金融政策，包括设立银行间市场交易报告 库、设立数字人民币国际运营中心、设立个人征信机构、在上海临港新片区开展离岸贸易金融服务综合 改革试点、发展自贸离岸债、优化升级自由贸易账户功能、在上海"先行先试"结构性货币政策工具创新 以及会同证监会研究推进人民币外汇期货交易。 证监会主席吴清表示，加力推出进一步深化科创板改革"1+6"政策措施，加快落实2025年资本市场对外 开放一揽子重点举措，将批复全国首批2只数据中心REITs注册，引导更多中长期资金参与科技企业投 资。 国家外汇局局长朱鹤新表示，近期将新投放一批合格境内机构投资者（QDII）的投资额度，国家外汇 局将在自贸试验区实施一揽子外汇创新政策。 总体而言，在投资者看来，上述金融政策多数是符合预期的，这也是早盘市场调整的原因之一。 创业板正式启用第三套标准，并重启未盈利企业科创板第五套标准上市，在华福证券分析师秦泰看来， 其传递出金融加大力度支持新质生产力发展、夯实外循环缓和出口风险、进一步优化传导机制的政策导 向。 我们回到市场。 今天，A股三大指数集体小幅收涨，上证指数、深证成指、创业板指数分别上涨 ...

| 118 15 1 | | | | | --- | --- | --- | --- | | 农业银行 | 中国银行 | 父祖银行 | | | 19984.03亿市值 | 16132.45亿市值 | 5755.36亿市值 | | | 14.76亿成交额 | 21.39亿成交额 | 5.53亿成交额 | | | 5.71 | 5.48 | | 7.75 | | +0.07(+1.24%) | +0.11(+2.05%) | | 0.00(0.00%) | | 建设银行 | 招商银行 | 工商银行 | | | 22976.01亿市值 | 11568.34亿市值 | 25732.53亿市值 | | | 9.03亿成交额 | 11.49亿成交额 | 15.18亿成交额 | | | 9.19 | 45.87 | | 7.22 | | +0.17(+1.88%) | -0.11(-0.24%) | +0.05(+0.70%) | | | 兴业银行 | 平安银行 | 浦发银行 | | | 5047.34亿市值 | 2278.25亿市值 | 3742.40亿市值 | | | 6.94亿成交额 | 4.94亿成交额 | 6.2 ...

Market Overview - The FTSE China A50 Index showed mixed performance among its constituent stocks, particularly in the banking and liquor sectors [1] Insurance Sector - China Pacific Insurance had a market capitalization of 381.21 billion, with a trading volume of 1.04 billion, closing at 54.23, down by 0.30 (-0.82%) [3] - China Life Insurance reported a market cap of 348.16 billion and a trading volume of 0.72 billion, closing at 36.19, down by 0.09 (-0.17%) [3] - Ping An Insurance had a market cap of 987.54 billion, with a trading volume of 2.75 billion, closing at 8.62, down by 0.09 (-1.03%) [3] Liquor Industry - Kweichow Moutai had a market cap of 1,792.59 billion, with a trading volume of 3.87 billion, closing at 117.71, up by 2.53 (+1.47%) [3] - Shanxi Fenjiu reported a market cap of 213.19 billion, with a trading volume of 2.32 billion, closing at 1427.00, down by 0.56 (-0.47%) [3] - Wuliangye Yibin had a market cap of 456.90 billion, with a trading volume of 1.49 billion, closing at 174.75, up by 4.71 (+0.33%) [3] Semiconductor Sector - Northern Huachuang had a market cap of 222.16 billion, with a trading volume of 1.30 billion, closing at 135.70, down by 24.25 (-4.06%) [3] - Cambricon Technologies reported a market cap of 239.33 billion, with a trading volume of 3.79 billion, closing at 415.90, down by 2.65 (-1.92%) [3] - Haiguang Information had a market cap of 315.41 billion, with a trading volume of 1.79 billion, closing at 573.30, up by 3.51 (+0.85%) [3] Automotive Sector - BYD had a market cap of 1,888.74 billion, with a trading volume of 2.41 billion, closing at 5.76, down by 0.69 (-0.20%) [3] - Great Wall Motors reported a market cap of 183.59 billion, with a trading volume of 0.30 billion, closing at 343.74, down by 0.01 (-0.05%) [3] - Shanghai-Kunming High-Speed Railway had a market cap of 281.81 billion, with a trading volume of 0.37 billion, closing at 21.45, up by 0.01 (+0.17%) [3] Oil and Shipping Sector - Sinopec had a market cap of 722.62 billion, with a trading volume of 1.50 billion, closing at 5.96, up by 0.16 (+1.77%) [3] - COSCO Shipping reported a market cap of 1,680.13 billion, with a trading volume of 1.71 billion, closing at 9.18, up by 0.05 (+0.85%) [3] - China National Petroleum Corporation had a market cap of 253.10 billion, with a trading volume of 1.44 billion, closing at 16.34, up by 0.22 (+1.36%) [3] Coal Sector - Shaanxi Coal and Chemical Industry had a market cap of 195.35 billion, with a trading volume of 2.41 billion, closing at 246.26, up by 0.46 (+1.18%) [3] - China Shenhua Energy reported a market cap of 784.81 billion, with a trading volume of 0.98 billion, closing at 39.50, up by 0.37 (+1.87%) [3] - Contemporary Amperex Technology Co. Ltd. had a market cap of 1,122.78 billion, with a trading volume of 0.73 billion, closing at 20.15, down by 0.40 (-0.16%) [3] Other Sectors - Long江电力 had a market cap of 195.19 billion, with a trading volume of 2.40 billion, closing at 21.71, up by 0.21 (+0.69%) [4] - China Nuclear Power reported a market cap of 343.11 billion, with a trading volume of 0.75 billion, closing at 9.49, up by 0.08 (+0.85%) [4] - Dongfang Fortune had a market cap of 750.44 billion, with a trading volume of 4.33 billion, closing at 30.67, down by 0.02 (-0.09%) [4]

Financial Sector - Agricultural Bank of China has a market value of 1,970.40 billion with a trading volume of 0.869 billion, closing at 5.63, unchanged [2] - Bank of China has a market value of 1,577.92 billion with a trading volume of 0.922 billion, closing at 5.36, down by 0.02 (-0.37%) [2] - China Construction Bank has a market value of 2,548.30 billion with a trading volume of 0.931 billion, closing at 7.15, up by 0.01 (+0.14%) [2] - Ping An Bank has a market value of 228.21 billion with a trading volume of 0.704 billion, closing at 11.76, down by 0.03 (-0.25%) [2] Insurance Sector - China Pacific Insurance has a market value of 379.00 billion with a trading volume of 0.498 billion, closing at 8.57, down by 0.40 (-1.10%) [3] - China Life Insurance has a market value of 986.45 billion with a trading volume of 0.474 billion, closing at 54.17, down by 0.14 (-1.61%) [3] Alcohol Industry - Kweichow Moutai has a market value of 1,779.91 billion with a trading volume of 2.309 billion, closing at 174.22, up by 2.00 (+1.16%) [3] - Wuliangye Yibin has a market value of 457.02 billion with a trading volume of 1.048 billion, closing at 1416.90, down by 5.39 (-0.38%) [3] Semiconductor Sector - Northern Huachuang has a market value of 222.64 billion with a trading volume of 2.390 billion, closing at 135.55, down by 2.80 (-2.02%) [3] - Cambrian has a market value of 240.46 billion with a trading volume of 1.292 billion, closing at 416.79, up by 4.40 (+1.07%) [3] Automotive Sector - BYD has a market value of 1,888.46 billion with a trading volume of 1.575 billion, closing at 5.75, down by 0.74 (-0.21%) [3] - Great Wall Motors has a market value of 183.33 billion with a trading volume of 0.183 billion, closing at 343.69, unchanged [3] Energy Sector - Sinopec has a market value of 252.79 billion with a trading volume of 0.817 billion, closing at 5.98, up by 0.07 (+1.18%) [3] - China National Offshore Oil Corporation has a market value of 725.05 billion with a trading volume of 0.866 billion, closing at 16.32, up by 0.07 (+0.78%) [3] Coal Industry - Shaanxi Coal and Chemical Industry has a market value of 193.99 billion with a trading volume of 1.408 billion, closing at 247.40, up by 0.07 (+0.18%) [3] - China Shenhua Energy has a market value of 777.06 billion with a trading volume of 0.450 billion, closing at 39.11, up by 0.23 (+1.16%) [3] Other Sectors - Longyuan Power has a market value of 744.32 billion with a trading volume of 1.402 billion, closing at 9.43, down by 0.04 (-0.13%) [4] - CITIC Securities has a market value of 393.93 billion with a trading volume of 0.777 billion, closing at 18.58, down by 0.10 (-0.37%) [4] - Mindray Medical has a market value of 169.70 billion with a trading volume of 0.566 billion, closing at 232.70, up by 0.18 (+0.36%) [4]

Financial Sector - The banking sector continued its upward trend in the afternoon session, contributing positively to the FTSE China A50 Index [1] - China Life Insurance, China Pacific Insurance, and China Ping An reported market capitalizations of 385.19 billion, 351.05 billion, and 989.18 billion respectively, with trading volumes of 1.155 billion, 2.698 billion, and 1.079 billion [4] Alcohol Industry - Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,786.68 billion, 210.10 billion, and 459.08 billion respectively, with trading volumes of 3.192 billion, 6.060 billion, and 1.760 billion [4] - Kweichow Moutai's stock price decreased by 4.66 (-0.33%), while Wuliangye increased by 1.12 (+0.65%) [4] Semiconductor Industry - Northern Huachuang, Haiguang Information, and Cambricon Technologies had market capitalizations of 220.29 billion, 249.45 billion, and 321.57 billion respectively, with trading volumes of 1.075 billion, 2.756 billion, and 2.048 billion [4] - Northern Huachuang's stock price fell by 7.35 (-1.22%) [4] Automotive Industry - BYD, Great Wall Motors, and Shanghai-Kunming High-Speed Railway had market capitalizations of 1,892.53 billion, 183.68 billion, and 281.32 billion respectively, with trading volumes of 3.509 billion, 0.627 billion, and 0.348 billion [4] - BYD's stock price decreased by 1.57 (-0.45%) [4] Energy Sector - COSCO Shipping Holdings, Sinopec, and China National Petroleum Corporation had market capitalizations of 716.56 billion, 1,650.85 billion, and 249.69 billion respectively, with trading volumes of 1.159 billion, 1.722 billion, and 1.019 billion [4] - Sinopec's stock price increased by 0.03 (+0.33%) [4] Coal Industry - Shaanxi Coal and Chemical Industry, China Shenhua Energy, and CATL had market capitalizations of 191.77 billion, 1,124.60 billion, and 775.67 billion respectively, with trading volumes of 3.014 billion, 0.922 billion, and 0.608 billion [4] - Shaanxi Coal's stock price decreased by 0.22 (-0.56%) [4] Food and Beverage Sector - China National Nuclear Power, Dongfang Fortune, and Haitian Flavoring had market capitalizations of 745.30 billion, 193.55 billion, and 343.42 billion respectively, with trading volumes of 1.574 billion, 0.521 billion, and 5.827 billion [5] - China National Nuclear Power's stock price decreased by 0.16 (-0.52%) [5] Consumer Electronics - Heng Rui Medicine, Industrial Fulian, and Luxshare Precision had market capitalizations of 355.01 billion, 421.40 billion, and 231.31 billion respectively, with trading volumes of 2.645 billion, 3.052 billion, and 2.100 billion [5] - Heng Rui's stock price increased by 0.32 (+1.53%) [5] Logistics Industry - Mindray Medical, SF Holding, and Wanhua Chemical had market capitalizations of 169.95 billion, 248.64 billion, and 286.88 billion respectively, with trading volumes of 1.343 billion, 0.896 billion, and 1.030 billion [5] - Mindray's stock price increased by 0.81 (+1.65%) [5] Telecommunications - Zijin Mining, China State Construction, and China Unicom had market capitalizations of 500.19 billion, 236.77 billion, and 164.76 billion respectively, with trading volumes of 2.515 billion, 0.784 billion, and 0.731 billion [5] - Zijin Mining's stock price decreased by 0.33 (-1.72%) [5]

Macro News - Guangzhou has announced a plan to optimize real estate policies by fully canceling purchase restrictions, sales restrictions, and price limits, while also lowering down payment ratios and interest rates to stimulate housing consumption [2] - Starting from November 2025, Chinese passport holders with valid Australian visas will be able to enter New Zealand without a visa for up to three months [3] Financial Sector - The People's Bank of China will conduct a 400 billion yuan reverse repurchase operation on June 16, 2025, with a term of six months to maintain ample liquidity in the banking system [7] - As of the end of May, the broad money supply (M2) in China stood at 325.78 trillion yuan, reflecting a year-on-year growth of 7.9% [8] - The China Securities Regulatory Commission has imposed fines totaling nearly 77 million yuan on Xu Wenbin for manipulating stock prices [9] Industry and Company - Volcano Engine has upgraded its "Doubao" service, reducing usage costs to one-third through "interval pricing," aiming to accelerate the large-scale application of intelligent agents [10] - GAC Group has committed to ensuring the completion of dealer rebate payments within two months to support the healthy development of the automotive industry [11] - Kweichow Moutai has adjusted its 2024 profit distribution plan, increasing the cash dividend per share to 27.673 yuan, totaling 34.671 billion yuan [12] Upcoming Events - This week, new stocks include Guangxin Technology with a subscription code of 920037 and a price of 10 yuan per share, with a subscription limit of 950,000 shares [13] - Xintong Electronics has a subscription code of 001388, with a subscription limit of 12,000 shares [14] - Over 450 billion yuan worth of A-shares will be unlocked this week, with 48 stocks facing unlocks totaling 2.914 billion shares [16] Institutional Strategies - Huatai Securities reports that the escalation of the Israel-Iran conflict has led to high volatility in oil prices, with WTI and Brent crude oil futures prices rising by 16.7% and 14.9% respectively since the beginning of June [18] - CITIC Securities notes that liquidity in the Hong Kong stock market continues to improve, presenting good opportunities for increasing positions amid potential overseas fluctuations [19]

Group 1 - The 9th China Time-honored Brand (Shandong) Expo opened on June 13, supported by the Ministry of Commerce and organized by the Shandong Provincial Time-honored Brand Enterprise Association, focusing on the theme "National Goods Trend, Everlasting Innovation" [2][5] - The exhibition covers an area of 35,000 square meters, featuring over 600 time-honored brands from 26 provinces, showcasing traditional craftsmanship, national cuisine, and cultural creativity [5][11] - The event highlights the importance of innovation alongside tradition, with the Ministry of Commerce officials encouraging brands to maintain traditional craftsmanship while innovating product forms [9][16] Group 2 - Luobei Chun Group, a prominent representative of time-honored brands, showcased its classic products and received high praise for its commitment to traditional craftsmanship and innovation [7][9] - The company presented its new product "38° Luobei Chun·Jinban," targeting the young market with a luxurious design and redefining high-end business socializing [13][16] - Luobei Chun's collaboration with the brand "Ruweizhai" represents a successful attempt to break traditional brand image limitations and expand consumer scenarios, appealing to a younger audience [16]

1、据央视新闻， 当地时间6月13日凌晨，以色列对伊朗发动袭击。 以空军对伊朗境内数十个与核计划和其他军事设施相关的目标发动空袭，并且将此次 行动命名为"狮子的力量"。以色列总理内塔尼亚胡称，以色列已摧毁被以军称为伊朗最大的地区铀浓缩设施。随后伊朗开始反击，以色列城市特拉维夫遭 袭击，包括10处核设施。以色列国防军称，伊朗向以色列发射了100多架无人机，并检测到伊方导弹袭击，其中第三波导弹袭击约有150枚。 同日伊朗正 式退出与美国的核谈判。伊朗最高领袖哈梅内伊称，伊朗将采取武力行动，彻底摧毁以色列政权。 稍早美国总统特朗普在社交平台上发帖，警告伊朗 在"一无所有"之前达成核协议，并称以色列下一轮针对伊朗的袭击会更加"残酷"。美国方面的最新评估显示，以色列对伊朗的打击极其有效。以伊冲突爆 发在全球市场引发巨震，原油暴涨超13%后回落，黄金等避险资产明显拉升，全球股市集体下挫，欧美多数股指收盘跌超1%。 2、 印度政府考虑停飞波音787，并就空难事件进行安全审查。其他国家也在考虑加强对该机型系列的检查。 日本国土交通省表示，在印度航空的787客机 发生致命坠毁事故后，已指示运营波音787客机的日本航空公司对飞机 ...

公司及董事会全体成员保证公告内容的真实、准确和完整,没有虚假记载、误导性陈述或者重大遗漏。 烟台张裕葡萄酿酒股份有限公司(以下简称本公司)?2024年度利润分配方案已获2025年5月23日召开的 2024年度股东大会审议通过。现将权益分派事宜公告如下： 一、股东大会审议通过权益分派方案等情况 向B股股东派发的现金红利，B股股息折算汇率由公司章程或者股东大会决议规定（如果公司章程或者 股东大会决议未作出规定，将按照股东大会决议日后第一个工作日），即2025年5月26日的中国人民银 行公布的人民币兑港币的中间价（港币：人民币=1：0.9169）折合港币兑付，未来代扣B股个人股东需 补缴的税款参照前述汇率折算。 1、本公司2024年年度权益分派方案已经公司2024年度股东大会审议通过。 三、股权登记日与除权除息日 本次权益分派A股股权登记日为：2025年6月19日，除权除息日为：2025年6月20日。 2、上述分配方案从披露至实施期间公司股本总额未发生变化。 3、本次实施的分配方案是以现金分红比例不变方式分配，与股东大会审议通过的分配方案一致。 4、本次实施分配方案距离股东大会审议通过的时间未超过两个月。 二、20 ...

Core Insights - The rise of low-alcohol beverages, such as pre-mixed cocktails and fruit wines, reflects a strong competitive edge in meeting consumer demands for personalization, health, and diversity [1] - Qionglai, Sichuan, is leveraging its unique advantages to build a complete industrial chain for low-alcohol trendy drinks [1] Raw Material Foundation - The "slightly tipsy" concept has led many liquor companies to launch fruit-flavored products, with Qionglai's long-growing, high-quality green plum being a preferred choice for low-alcohol beverages [2] - Qionglai's geographical advantages contribute to a rich flavor profile and a robust supply of green plums, with an annual production of 300 tons, generating nearly 2 million yuan in income for local villagers [2] - The automated production process in Qionglai ensures high-quality fermentation and temperature control, crucial for the taste and quality of green plum wine [2] Development Infrastructure - Qionglai boasts 247,700 acres of fruit bases, producing 217,800 tons of quality fresh fruit annually, facilitating a seamless supply chain from cultivation to production [3] - The Tianfu Trendy Drink Park, the largest visualized low-alcohol beverage factory in Southwest China, is a key project for Qionglai's low-alcohol beverage industry, focusing on research, production, and technology promotion [3] Brand Innovation and Recognition - The implementation of the Chengdu Qionglai Regional Liquor Industry Development Promotion Measures and the establishment of the Chengdu Production Area Liquor Industry Alliance mark a new development phase for Qionglai's liquor industry [4] - Local brands like Misan and partnerships with external companies have fostered a sustainable development model, enhancing the industry cluster effect [4] - Misan green plum wine, with an alcohol content of 10.5%, has gained significant market traction, ranking highly on e-commerce platforms and launching collaborative products to boost brand influence [4] - The Chengdu Liquor Group is focusing on low-alcohol beverages and has signed a strategic cooperation agreement to enhance the green plum resource supply chain [4] Industry Transformation - Qionglai is reshaping the low-alcohol beverage industry's value chain through a comprehensive approach from raw material development to brand incubation, responding to consumer aspirations for a better life [5] - The low-alcohol beverage brands from Qionglai are gaining recognition in both national and global markets [5]