格隆汇10月10日丨电投产融(000958.SZ)公布，结合公司实际经营情况和未来发展需要，拟定2025年中 期分配预案为，以总股本5,383,418,520股为基数，向全体股东每10股派发现金红利1.1元(含税)；本次共 派发现金红利592,176,037.20元。本次不送红股，不以资本公积金转增股本。如在分配预案披露至实施 期间因新增股份上市、股权激励授予行权或股份回购等事项导致总股本发生变化的，公司将按照分配总 额不变的原则对分配比例进行调整。 ...

朋友们，你有没有发现—— 过去我们努力赚钱，现在却变成努力守钱。工资涨得慢，物价涨得快，理财产品收益越来越低，通货膨胀却一点没客气。有人说，现在的钱太轻了，握不住 也留不下。 但真相是：不是钱变轻了，而是你理财的方式，落伍了。 还记得2020年前，大家最爱买银行理财吗？年化4%、5%，稳稳地幸福。可如今，理财收益降到2%多，很多人心里都凉了。与此同时，通胀每年2%，也就 是说，你的钱放在低收益理财里，其实是在隐形缩水。 那有人说，买股票啊！ 可股市波动太大，昨天赚一万，明天亏两万。A股市场过去几年确实震荡明显，赚钱的往往不是频繁操作的人，而是懂趋势、会布局的人。 那么问题来了：2025年，我们到底该怎么理财？ 第一，要认清趋势。 现在的金融市场，不再是单一收益时代，而是资产组合时代。简单点说，就是不能把鸡蛋放在一个篮子里。 股票、债券、黄金、理财产品，各有涨跌周期。 聪明的投资者，是利用不同资产的节奏差，让资金始终保持在稳健区间。 第二，要会看政策。 很多人以为投资靠运气，其实大部分收益都来自政策趋势。 比如科技创新、新能源、人工智能，这些板块背后都有政策加持； 比如利率周期、货币政策，会直接影响债券和理财收 ...

对此，不少华尔街机构认为，答案或许可以从以下六个字中寻找："货币贬值交易"（debasement trade）…… "货币贬值交易"盛行 可以说，在近来许多机构对金价爆发行情的解读里，都绕不开这六个字。 在中国投资者过去一周喜迎国庆长假之际，国际金价则上演了历史性的爆发行情——现货黄金价格在这个缺少中国投资者参与的假期里，一路从3860 美元附近飙升了近200美元，史无前例地攻克了4000美元大关…… 这一幕，显然令不少前几天还在长假旅行中的"中国大妈"们大呼不可思议，也令不少资深的贵金属交易员陷入了深深的思考之中：这一轮黄金大爆发 的推手，究竟是谁？ 很有意思的是，至少从东西方金价间的行情对比来看，我们可以得到一个初步的答案：这一回引领黄金冲破4000美元大关的"主力军"，确实更多是来 自于西方的投资者。这也令黄金在这个缺乏中国投资者参与的十一长假里的爆发，显得并不怎么突兀…… 事实上，早在中国十一假期前，一个趋势就已有所显现：中国国内黄金的溢价开始消失——下图是伦敦金人民币价格与上期所黄金主力合约间的差价 对比。不难看到，过去一个多月在国际金价屡创新高之际，上期所黄金期货相较伦敦金的价差也逐渐从溢价转变为 ...

Core Viewpoint - International gold prices have recently reached a historic high, surpassing $4,000 per ounce, driven by increased global demand for safe-haven assets and declining confidence in the U.S. dollar [1][2][3]. Group 1: Gold Price Trends - On October 7, the most actively traded December 2025 gold futures on the New York Commodity Exchange hit a record high of $4,014.60 per ounce, marking a cumulative increase of approximately 50% this year [1]. - The strong performance of gold is attributed to a prevailing "fear of missing out" sentiment among investors, which outweighs profit-taking emotions, leading to sustained buying pressure despite overbought conditions [1]. Group 2: Factors Driving Gold Price Increase - The combination of U.S. government shutdown, political instability in France, economic concerns in Japan, and ongoing geopolitical conflicts has significantly boosted the demand for gold as a safe-haven asset [3]. - The weakening of the U.S. dollar and increased fiscal uncertainty in the U.S. have enhanced gold's appeal, as investors seek to mitigate risks by increasing their gold holdings [3]. - Recent monetary policy actions by the Federal Reserve, including potential interest rate cuts, have diminished the attractiveness of dollar-denominated assets, further supporting gold prices [3]. - Central banks globally have resumed large-scale gold purchases, with a reported net increase of 15 tons in August, and significant inflows into gold exchange-traded funds (ETFs), which have risen by 17% year-to-date [3]. Group 3: Future Outlook for Gold Prices - Looking ahead, if the Federal Reserve continues to lower interest rates and geopolitical tensions persist, gold prices may continue to rise [4]. - However, some analysts caution that the market should be wary of potential short-term corrections, with expectations that gold prices may fluctuate between $3,800 and $4,100 per ounce for the remainder of the year [4]. - Despite the potential for short-term adjustments, long-term forecasts remain bullish, with predictions of gold reaching $4,200 per ounce from UBS and possibly challenging $5,000 if the Fed maintains a dovish stance through 2026 [5].

Group 1: Silver Demand in Industries - Global photovoltaic (PV) installed capacity is expected to exceed 655 GW by 2025, leading to a silver demand of 5,200 to 6,500 tons due to the consumption of 8-10 tons of silver per GW [1] - In the electric vehicle sector, the silver usage per vehicle is as high as 50 grams, more than double that of traditional fuel vehicles, with total silver demand in the automotive industry projected to reach 2,566 tons by 2025 [3] - The industrial demand for silver is expected to account for 58% of total demand, significantly surpassing jewelry (18%) and investment demand (16%) [3] Group 2: Supply and Market Dynamics - The global silver supply is projected at 31,700 tons for 2024, while demand is expected to reach 36,700 tons, resulting in a supply gap of 5,000 tons, marking the fifth consecutive year of supply shortages [4] - The supply constraints are primarily due to the fact that 70% of silver is sourced from lead-zinc and copper mining, with only 30% from independent silver mines, and production growth in major silver-producing countries has slowed [4] - Despite high silver prices boosting recycling rates in Europe and the U.S., the recovery volume is expected to decline by 3% year-on-year in Q1 2025 due to high purification costs and a reluctance to sell among small-scale holders [4] Group 3: Price Movements and Market Sentiment - Silver inventories have dropped to a ten-year low, with trading volumes in Shanghai reaching 15,700 tons, indicating tight market liquidity [6] - Following a 25 basis point rate cut by the Federal Reserve, the net long positions in silver surged by 163% since the beginning of the year, the highest level since 2021 [6] - The price of silver futures in Shanghai rose over 36% from 6,483 yuan/kg in April to 10,632 yuan/kg in September, reflecting strong market interest [8] Group 4: Future Outlook and Risks - Analysts suggest that silver may face resistance above $46 per ounce due to historical selling pressure, and potential shifts in technology and market conditions could weaken industrial demand [10] - The ongoing exploration of "silver-free" technologies in the photovoltaic industry and the impact of digital currencies on precious metals could redefine silver's long-term value [10] - The perception of silver as a "strategic metal" in the new energy era contrasts with views of it as a potential capital bubble, indicating a complex future for the metal [10]

1998年夏天，俄罗斯正陷入一场金融风暴，全球市场也因之动荡不安。在这场金融战的核心人物中，既有手握国家机器的俄罗斯政府，也有叱咤风云的金融 大鳄乔治·索罗斯。双方的较量异常激烈，以至于一度传出索罗斯在俄罗斯遭遇生命威胁，险些丧命。 危机的开端 时间回到1990年代中期，俄罗斯的经济看似在转型，但隐患不断。财政赤字高企，资本外流严重，经济结构单一，依赖石油和天然气。当大多数投资者仍对 俄罗斯经济抱有信心时，索罗斯却敏锐地意识到其中的脆弱性。他认为卢布迟早会贬值，于是开始布局。 到了1997年，卢布汇率已出现松动迹象。索罗斯旗下的量子基金趁势行动，大量买入卢布并利用杠杆交易，从市场恐慌中赚得可观利润。他的策略核心 是"做空"——押注卢布和俄国资产的下跌，同时增持美元和德国马克等稳定货币，以此锁定收益。 金融狙击与俄罗斯反击 1998年，俄罗斯经济的危机全面爆发：经济衰退、通胀飙升、财政赤字不断扩大，政府还拼命借外债、加大发钞量。索罗斯判断这是破局时机，他大举做空 卢布和俄罗斯股票市场。 然而，他低估了俄罗斯政府的手段。1998年8月17日，俄罗斯宣布放弃固定汇率制度，让卢布自由浮动。短时间内，卢布暴跌、股市崩溃 ...

上证报中国证券网讯 据国家外汇管理局9月30日消息，2025年6月末，我国对外金融资产110645亿美 元，对外负债72555亿美元，对外净资产38090亿美元。 来源：上海证券报·中国证券网 在对外金融资产中，直接投资资产33491亿美元，证券投资资产16942亿美元，金融衍生工具资产263亿 美元，其他投资资产23679亿美元，储备资产36271亿美元，分别占对外金融资产的30%、15%、0.2%、 21%和33%；在对外负债中，直接投资负债37174亿美元，证券投资负债21607亿美元，金融衍生工具负 债263亿美元，其他投资负债13511亿美元，分别占对外负债的51%、30%、0.4%和19%。 按SDR计值，2025年6月末，我国对外金融资产80528亿SDR，对外负债52806亿SDR，对外净资产27722 亿SDR。 ...

Core Viewpoint - The article discusses the current high copper prices and the impact of various economic factors on commodity markets, including government policies, production targets, and market trends in different sectors [1][2][4]. Group 1: Economic Policies and Market Trends - The National Development and Reform Commission announced a new policy financial tool worth 500 billion yuan aimed at supporting project capital, which is expected to stimulate economic growth [1]. - From January to August, state-owned enterprises reported total revenue of 539,620.1 billion yuan, a year-on-year increase of 0.2%, while total profits decreased by 2.7% to 27,937.2 billion yuan [1]. - The domestic commodity futures market saw a general decline, particularly in energy and chemical products, indicating a bearish trend in these sectors [1]. Group 2: Copper Market Insights - Copper prices rose by 1.59% in the night session, with a significant reduction in China's copper production growth target for 2025-2026 from 5% to 1.5% [2][21]. - The ongoing tight supply of copper concentrate and high smelting profits are expected to support copper prices in the long term, especially following mining incidents in Indonesia [2][21]. Group 3: Stock Market Overview - The US stock indices experienced slight increases, with the non-bank financial sector leading gains, while coal stocks lagged [3][12]. - The financing balance decreased by 193.55 billion yuan to 24,080.56 billion yuan, indicating a cautious approach among investors as the market enters a consolidation phase after a prolonged rally [3][12]. Group 4: Oil Market Dynamics - The SC crude oil price fell by 2.87%, influenced by Russia's export bans on diesel and gasoline amid ongoing geopolitical tensions [4][14]. - The US labor department reported a decrease in initial jobless claims, suggesting a resilient labor market, which may impact oil demand [4][14]. Group 5: Agricultural Products and Commodities - The article highlights fluctuations in agricultural commodities, with Argentina's temporary cancellation of export taxes on soybeans and derivatives affecting global markets [28]. - The domestic market anticipates increased supply due to this policy change, leading to potential downward pressure on prices [28].

Group 1 - Shunlong Holdings (00361) saw a significant increase in stock price, rising over 43% at the close, with a current price of 0.089 HKD and a trading volume of 7.7829 million HKD [1] - The company announced the sale of 2.601 billion shares and convertible bonds worth a total of 74.1 million HKD to an independent third party, Han Cheng Energy Group, for approximately 93.34 million HKD [1] - Following the completion of the transaction, Han Cheng Energy Group will hold 50.11% of Shunlong Holdings' equity [1] Group 2 - Han Cheng Energy Group, based in Hubei, operates in four sectors: automotive trade, energy, real estate, and finance, with over 50 subsidiaries and an annual output value nearing 10 billion HKD [1] - The group is primarily owned by Liu Jincheng and Liu Gang, holding 80% and 20% of the company, respectively [1] - Analysts suggest that one of the core objectives of Han Cheng Energy Group's acquisition of Shunlong Holdings may be to achieve a reverse listing [1]

今年国庆一共放假8天，10月9日（周四）股市正常开市。在今日之前，投资者操作国债逆回购即可获得国庆假 期期间利息。对于国债逆回购，这次投资者只要操作得当，最高可获得相当于投资期限9倍的收益。也就是借 出1天期的国债逆回购，就可以赚取9天的利息。 | | | "国庆节"国债逆回购计息表 | | | | --- | --- | --- | --- | --- | | 2025.9 | | | | | | 操作日期 | 国债逆回购品种 | 计息天数 | 资金可用日 资金可取日 | | | 星期五 | 1天期 | 1天 | 9月29日 | 9月30日 | | 9月26日 | 2天期 | 1天 | 9月29日 | 9月30日 | | | 3天期 | 1天 | 9月29日 | 9月30日 | | | 4天期 | 10天 | 9月30日 | 10月9日 | | | 7天期 | 11天 | 10月9日 | 10月10日 | | 星期一 | 1天期 | 9天 | 9月30日 | 10月9日 | | | 2天期 | 10天 | 10月9日 | 10月10日 | | 9月29日 | 3天期 | 10天 | 10月9日 | 10月1 ...