4. 马士基周四晚间表示，根据近期的发展情况，并考虑到目前已达成的停火协议，我们预计一旦确认安全风险降低，就有望 重新开启出口货物的接收。阿什杜德港口的运营仍在继续，尽管我们正密切关注局势。 5. 据CNN报道，四位知情人士透露，特朗普政府已讨论可能帮助伊朗获取至多300亿美元资金用于建设民用核能项目、放宽制 裁并解冻数十亿美元被限制的伊朗资金——这些均是其为促使德黑兰重返谈判桌而加大努力的一部分。 早盘速递 2025/6/27 热点资讯 1. 国家金融监督管理总局、中国人民银行联合发布《银行业保险业普惠金融高质量发展实施方案》。《实施方案》明确，未 来五年基本建成高质量综合普惠金融体系，普惠金融促进共同富裕迈上新台阶。普惠金融服务体系持续优化，普惠信贷体系巩 固完善，普惠保险体系逐步健全。 2. 国家发展改革委召开6月份新闻发布会。会上，国家发展改革委政研室副主任李超表示，消费品以旧换新方面，超长期特别 国债的支持力度是3000亿元，前两批一共1620亿元，已经按照计划分别在今年1月份和4月份下达。并将在7月份下达今年第三 批消费品以旧换新资金。 3. 伊朗最高领袖哈梅内伊发表视频讲话指出，美国袭击了核设施 ...

Core Viewpoint - The People's Bank of China, along with other regulatory bodies, has issued an action plan to enhance cross-border financial services in Shanghai, focusing on facilitating enterprises' international operations and addressing existing challenges in financial services [1][2]. Group 1: Key Features of the Action Plan - The action plan emphasizes an "enterprise perspective and problem-oriented" approach, based on consultations with over 80 companies to identify challenges in cross-border financing and financial services [1]. - It proposes 18 key measures across five areas: improving cross-border settlement efficiency, optimizing foreign exchange risk management, strengthening financing services, enhancing insurance protection, and refining comprehensive financial services [2]. Group 2: Specific Measures and Innovations - The plan includes support for banks to implement foreign exchange business management methods and establish a pilot mechanism for due diligence exemption, aimed at streamlining processes and reducing costs for enterprises [2]. - Banks are encouraged to provide efficient cross-border payment services, including a 24/7 cross-border remittance product that allows for instant account crediting for eligible businesses, enhancing financial management efficiency [2][3]. Group 3: Digital and Market Innovations - The action plan supports the development of deposit products based on foreign trade accounts, allowing for market-based pricing of foreign currency deposits to attract more funds [3]. - It highlights successful cases of digital services, such as the first cross-border electronic invoice payment processed through a foreign bank, and the use of digital currency for cross-border transactions [3]. Group 4: Institutional Developments - The establishment of a cross-border syndication loan center by the Bank of China in Shanghai has already served numerous enterprises, indicating a growing infrastructure for international financing [4]. - The Industrial and Commercial Bank of China has set up an international syndication business center in Shanghai, optimizing operations to align with international standards, thus enhancing its role as a core banking partner for global enterprises [4].

Domestic News - The National Financial Regulatory Administration and the People's Bank of China issued a document outlining the requirements for the development of inclusive finance in the banking and insurance sectors over the next five years, emphasizing a multi-level, widely covered, and differentiated inclusive financial institution system [2] - The State Council issued an implementation plan for improving the credit repair system, focusing on ten aspects to standardize the process, including unifying credit information platforms and simplifying application materials [3] - The National Development and Reform Commission announced that it will allocate funds for the third batch of consumer goods replacement programs in July, ensuring the orderly implementation of the policy throughout the year [3] - Honor Terminal Co., Ltd. has received approval for its IPO guidance from the Shenzhen Securities Regulatory Bureau, potentially becoming the first AI terminal ecosystem company listed on the A-share market [4] - Alibaba reported a revenue of 996.347 billion yuan for the 2025 fiscal year, with a net profit increase of 77% to 125.976 billion yuan, and significant growth in its cloud services [4] - Xiaomi launched its first SUV, the YU7, with prices ranging from 253,500 yuan to 329,900 yuan, achieving over 289,000 pre-orders within the first hour of sales [4] International News - The U.S. Commerce Department reported a 0.5% contraction in GDP for Q1 2025, worse than previous estimates, while core PCE price index showed a final value of 3.5% [5] - The dollar index fell to a three-year low due to various factors, with the euro rising to its highest level since September 2021 [5] - The European Council emphasized the need to significantly increase defense and security spending, aiming for 5% of GDP by 2035 [5] - A report indicated that over a quarter of Dutch investors have reduced their holdings in U.S. stocks due to concerns over U.S. government policies [5]

Group 1 - Shaanxi Province's financial system has implemented a moderately loose monetary policy, effectively meeting the financing needs of the real economy, with RMB deposits reaching 7.43 trillion yuan, a year-on-year increase of 8.55% as of the end of May [1] - The loan balance in Shaanxi Province reached 6.06 trillion yuan, with a year-on-year growth of 8.30%, surpassing the national average by 1.2 percentage points [1] - From January to May, Shaanxi Province issued 151 non-financial enterprise bonds, totaling 123.65 billion yuan, contributing positively to the province's economic stability [1] Group 2 - The Provincial Financial Office has organized six financing matchmaking conferences, successfully matching financial resources for 110 technology enterprises and 256 key foreign trade enterprises, with on-site credit agreements exceeding 60 billion yuan [2] - Shaanxi Province is set to establish a 10 billion yuan provincial-level science and technology innovation mother fund, enhancing support for technological enterprises [2] - The loan balance for technology enterprises in Shaanxi reached 363.54 billion yuan, with a year-on-year growth of 28.45%, significantly higher than the provincial average [2] Group 3 - Shaanxi Province has 14 companies listed on the Sci-Tech Innovation Board, ranking 11th nationwide, and is one of the first ten pilot provinces for the "Technology Board" in the interbank bond market [3] - The province has successfully launched four pilot funds under the Financial Asset Investment Company (AIC) initiative, with a total scale of 7.4 billion yuan [3] - Two qualified foreign limited partner (QFLP) pilot funds have been established in Xi'an, with a combined scale of nearly 500 million yuan [3]

Core Viewpoint - The number of listed companies purchasing Directors and Officers (D&O) insurance is on the rise, driven by increased regulatory scrutiny, heightened awareness of risk management, and the need to protect the rights of company executives and investors [1][2][3]. Group 1: Growth in D&O Insurance Purchases - Over 280 listed companies have disclosed the purchase of D&O insurance this year, with premiums ranging from tens of thousands to millions of yuan, and compensation limits between 10 million and 200 million yuan [1]. - The number of companies purchasing D&O insurance has shown an overall increasing trend, with projections indicating a rise in market penetration in the future [1][2]. - The number of companies disclosing D&O insurance purchases increased from 184 in 2020 to an expected 475 by 2024, indicating a recovery in 2024 after a slight decline in 2023 [2]. Group 2: Reasons for Purchasing D&O Insurance - Companies cite the need to protect the legal rights of their directors, supervisors, and senior management as a primary reason for purchasing D&O insurance, which also enhances corporate governance [2][3]. - The implementation of new company laws and increased regulatory enforcement have contributed to the growing awareness of risk management among companies [3][4]. Group 3: Coverage and Limitations of D&O Insurance - D&O insurance generally covers legal liabilities arising from non-malicious misconduct by executives, including breaches of trust, negligence, and misleading statements [3]. - However, D&O insurance does not cover all actions of executives; it primarily applies to claims based on negligence and must meet specific criteria to qualify for compensation [3][4]. Group 4: Future Outlook for D&O Insurance Market - The penetration rate of D&O insurance among listed companies is currently low, but it is expected to rise due to stricter market regulations and ongoing judicial practices [3][4]. - Insurance companies are encouraged to enhance their pricing strategies, clarify claims standards, and optimize service models to promote the development of the D&O insurance market [4].

Core Viewpoint - The successful launch of the "Silver Insurance and Futures" project for corn in Tacheng, Xinjiang, marks the first implementation of this initiative in the region, aimed at providing comprehensive support for farmers' income through a collaborative model involving banks, insurance, and futures companies [1][2]. Group 1: Project Overview - The "Silver Insurance and Futures" project is part of the 2025 "Farmers' Income Guarantee Plan" initiated by the Dalian Commodity Exchange, focusing on the "insurance + futures" model to support farmers [1][2]. - The project has a total insured area of 30,000 acres and a project amount of 48 million yuan, with the insurance policy issued to corn farmers completed by June 22 [2]. Group 2: Operational Model - The project employs a "leading enterprise + bank + insurance + futures" model, which helps farmers secure financing and sales through forward purchase orders and income insurance [2][3]. - The model provides four layers of protection for farmers: income insurance, forward purchase contracts, credit support based on the first two protections, and secondary pricing rights after grain sales [2]. Group 3: Financial Implications - This model enhances the safety of agricultural loans for banks by providing a comprehensive risk compensation mechanism, improving the quality and efficiency of financial services [3]. - The China Construction Bank is actively promoting this model to support rural revitalization and enhance the market-based risk-sharing and compensation mechanisms for agricultural loans [3]. Group 4: Strategic Importance - Xinjiang is positioned as a key area for high-quality corn production under the national "14th Five-Year Plan," leveraging its unique resources to build a comprehensive supply chain from high-yield planting to deep processing [4]. - The successful implementation of the "Silver Insurance and Futures" project is expected to pave the way for innovative financial services and contribute to the high-quality development of rural revitalization [4].

6月26日，金融监管总局、中国人民银行联合发布了《银行业保险业普惠金融高质量发展实施方案》（以 下简称《方案》）。 《方案》明确未来5年要基本建成高质量综合普惠金融体系，同时从普惠金融服务、普惠信贷、普惠保险三个 方面提出具体政策举措。 金融监管总局有关司局负责人表示，优化普惠金融服务体系、巩固提升普惠信贷体系和能力、加强普惠保险体 系建设是《方案》提出的3项重点工作任务。其中，在普惠信贷方面，《方案》明确，要完善普惠信贷管理体 系、提升小微企业信贷服务质效、加强"三农"领域信贷供给、加大脱贫地区和特定群体信贷帮扶力度、强化 民营企业信贷支持。 值得注意的是，本次《方案》在普惠金融相关政策中新增了强化民营企业支持力度的相关安排。前述负责人表 示，这是《方案》守正创新的具体体现，即在对过往实践中行之有效的经验做法进行提炼、强调的同时，适应 国家经济社会形势变化针对性提出新要求。 中国人民大学中国普惠金融研究院院长贝多广等人日前测算了普惠保险的市场增长潜力，数据显示，预计到 2030年，中国保险市场总规模将超7万亿元，年均复合增长率为6.4%；其中，普惠保险保费规模预计可达 9300亿元，年均增长率可达17.1% ...

Core Viewpoint - The joint implementation plan by the National Financial Supervision Administration and the People's Bank of China aims to enhance credit support for private enterprises, focusing on those with market potential, profitability, good credit, and high growth potential [1] Group 1: Financing Support for Private Enterprises - The plan emphasizes the need to meet the effective financing demands of private enterprises that have market viability and growth potential [1] - There will be a continuous increase in the allocation of credit resources to support these enterprises [1] - The initiative includes strengthening the collection of credit information related to enterprises and providing specialized credit services [1] Group 2: Protection of Rights and Monitoring - The plan aims to ensure equal protection of the financial rights of private enterprises, including their rights to fair transactions, informed financial services, autonomous choice, and information security [1] - There will be enhanced monitoring of the flow of loan funds to ensure that they are genuinely used to support private enterprises and the real economy [1]

两部门：加大对小微企业设备更新、技术改造、项目研发、数字化转型等方面的中长期贷款支持 智通财经6月26日电，国家金融监督管理总局、中国人民银行联合发布《银行业保险业普惠金融高质量 发展实施方案》。提升小微企业信贷服务质效。引导银行保持对小微企业有效的增量信贷供给，积极落 实续贷新政策，加大首贷、续贷、信用贷投放，扩大服务覆盖面，成为小微企业成长的伙伴。优化信贷 审批模型，强化对企业经营情况等第一还款来源分析，降低对抵押物的过度依赖。鼓励加强小微企业信 息数据应用，提升审批效率。用好全国中小微企业资金流信用信息共享平台。提高小微企业融资服务定 价管理能力，规范银行业金融机构与第三方机构的合作行为，促进综合融资成本稳中有降。聚焦科技创 新、专精特新和绿色低碳发展以及重点产业链供应链上下游、外贸、消费等领域小微企业，健全专业化 服务机制。加大对小微企业设备更新、技术改造、项目研发、数字化转型等方面的中长期贷款支持。 ...

Core Viewpoint - The implementation plan aims to enhance the quality of inclusive finance development in the banking and insurance sectors through a comprehensive service system and targeted support for various groups [1] Group 1: Inclusive Financial Service System - The plan emphasizes the optimization of the inclusive financial service system, establishing a multi-tiered, widely covered, and differentiated inclusive financial institution framework [1] - It aims to improve financial services in rural areas, particularly in counties and villages [1] Group 2: Inclusive Credit System - The initiative seeks to strengthen and enhance the inclusive credit system and capabilities, improving the management framework for inclusive credit [1] - There is a focus on enhancing credit service quality for small and micro enterprises, as well as increasing credit supply in the "three rural issues" (agriculture, rural areas, and farmers) [1] - The plan includes increased credit support for poverty-stricken areas and specific groups, along with a stronger emphasis on supporting private enterprises [1] Group 3: Inclusive Insurance System - The plan aims to strengthen the inclusive insurance system by promoting specialized institutional mechanisms within insurance companies [1] - It seeks to diversify the supply of inclusive insurance products and provide high-quality inclusive insurance services [1] - There is a focus on reinforcing regulatory policies to guide the development of inclusive insurance [1]