【重点关注】 ·人民银行：6月末广义货币（M2)余额330.29万亿元同比增长8.3% ·海关总署：上半年我国货物贸易进出口同比增长2.9% ·市场监管总局：附加限制性条件批准新思科技公司收购安似科技公司股权 【国内要闻】 ·据人民银行，6月末，广义货币（M2)余额330.29万亿元，同比增长8.3%。狭义货币（M1)余额113.95万 亿元，同比增长4.6%。流通中货币（M0)余额13.18万亿元，同比增长12%。上半年净投放现金3633亿 元。 ·据人民银行初步统计，2025年上半年社会融资规模增量累计为22.83万亿元，比上年同期多4.74万亿 元；2025年6月末社会融资规模存量为430.22万亿元，同比增长8.9%。 ·据人民银行，6月末，人民币贷款余额268.56万亿元，同比增长7.1%；人民币存款余额320.17万亿元， 同比增长8.3%。 ·中国人民银行副行长邹澜14日在国新办新闻发布会上表示，中国不寻求通过汇率贬值获取国际竞争优 势，人民银行的汇率政策立场是清晰和一贯的，将继续坚持市场在汇率形成中的决定性作用，保持汇率 弹性，同时强化预期引导，防范汇率超调风险，保持人民币汇率在合理均衡水平上 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 近日，市场监管总局发布公告称，收到新思科技公司（以下简称新思科技）收购安似科技公 司（以下简称安似科技）股权案（以下称本案）的经营者集中反垄断申报。经审查，市场监 管总局决定附加限制性条件批准此项经营者集中。根据《中华人民共和国反垄断法》（以下 简称《反垄断法》）第三十六条规定，现公告如下： 一、受理和审查程序 本交易未达到国务院规定的申报标准但有证据证明具有或者可能具有排除、限制竞争效果，市场监 管总局依法于2024年5月11日书面要求新思科技就本交易进行申报。本案于2024年7月10日以非简 易程序申报。2024年12月5日，市场监管总局确认申报材料符合《反垄断法》第二十八条规定，对 此项经营者集中予以受理并开始初步审查。2025年1月3日，市场监管总局决定对此项经营者集中 实施进一步审查。2025年4月3日，经申报方同意，延长进一步审查期限。2025年5月15日，市场 监管总局对本案作出中止计算审查期限的决定，并于2025年7月11日恢复计算审查期限。目前，本 案处于进一步审查延长阶段，截止日为2025年8月2日。市场监管总局认为，此项集中对全球和中 国境内光学 ...

Core Viewpoint - The State Administration for Market Regulation has approved the acquisition of Ansys by Synopsys with additional restrictive conditions due to potential anti-competitive effects in key markets [1][2]. Group 1: Company Overview - Synopsys, established in 1986, is a NASDAQ-listed company primarily engaged in EDA software and design IP business [1]. - Ansys, founded in 1970 and also listed on NASDAQ, focuses on digital model simulation and analysis software development [1]. Group 2: Market Analysis - The merger will significantly increase market concentration in the optical software and photonic software markets, with combined market shares of 65-70% for both sectors [1]. - In the optical software market, the Herfindahl-Hirschman Index (HHI) will rise from 2489.69 to 4802.49, an increase of 2312.8 [1]. - The photonic software market will experience a similar concentration change, leading to a dominant market position post-merger [1]. Group 3: Regulatory Concerns - The regulatory body is particularly concerned about the competitive impact in the EDA software market, where Synopsys and Ansys have overlapping interests in seven EDA software markets [2]. - In the RTL power analysis market, the combined market share will reach 70-75%, with the HHI index increasing to 5390 post-transaction [2]. - High technical barriers and lengthy development cycles characterize both optical and photonic software, with development costs ranging from $10 million to $50 million depending on the complexity [2]. Group 4: Regulatory Actions - The market regulator has mandated specific obligations for the merging parties to maintain market competition and prevent abuse of market dominance [2]. - The review process involved consultations with government departments, industry associations, and downstream customers, along with independent economic analysis [2].

Core Viewpoint - The Chinese regulatory authority has suspended the antitrust review of Synopsys' acquisition of Ansys, adding uncertainty to the deal amid escalating US-China technology tensions [1][2]. Group 1: Acquisition Details - Synopsys announced a final acquisition agreement with Ansys on January 16, 2024, with a total transaction value of approximately $35 billion, where Ansys shareholders are expected to hold about 16.5% of the new company post-merger [1]. - The merger is viewed as a "strong alliance," combining Synopsys' significant position in the EDA (Electronic Design Automation) sector with Ansys' expertise in industrial simulation software, which spans various industries including automotive, aerospace, and electronics [1]. Group 2: Regulatory Environment - The suspension of the antitrust review by Chinese regulators is seen as a cautious decision influenced by the US's recent export control measures targeting China's semiconductor industry, which has led Synopsys to halt sales and technical support activities in China [2]. - Analysts suggest that the Chinese regulatory stance is a response to US actions perceived as attempts to restrict China's chip design capabilities, indicating a need to maintain market competition and assert technological sovereignty [2]. Group 3: Global Antitrust Review Progress - Prior to the suspension, the UK's Competition and Markets Authority (CMA) and the European Commission expressed concerns that the merger could weaken competition in specific markets related to digital chip RTL power analysis software and optical software [3]. - To address these concerns, Synopsys and Ansys proposed several remedial measures, including divesting Ansys' RTL power analysis business and selling Synopsys' optical solutions group, which helped alleviate regulatory worries in Europe [3]. - Despite the ongoing uncertainties, 21 brokerages, including Berenberg, continue to maintain a "buy" rating for Synopsys, although the market remains cautious about the future of the transaction [3].

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Core Viewpoint - Synopsys has received formal approval from the FTC for its $34 billion acquisition of Ansys, marking a significant consolidation in the EDA software industry [1][2]. Group 1: Acquisition Details - Synopsys plans to sell its optical and photonic software tools business to Keysight Technologies as part of the acquisition agreement [1]. - Ansys will also divest a power analysis product to Keysight [1]. - The acquisition was initially announced in early 2024 and has undergone global antitrust scrutiny, pending approval from China [1][6]. Group 2: Market Impact - The acquisition is considered a "century acquisition" in the EDA software sector, significantly enhancing Synopsys's market position against its main competitor, Cadence Design Systems [2]. - By acquiring Ansys, Synopsys aims to strengthen its capabilities in chip design simulation, particularly in system-level and integrated simulation tools [2]. - This move is expected to better serve major clients like Nvidia, AMD, and Broadcom, addressing complex design requirements in emerging technologies such as 6G, next-gen AI chip architectures, and quantum computing [2]. Group 3: Financial Performance and Client Base - Synopsys's recent financial results and strong outlook indicate growing demand for its EDA software, driven by major tech companies accelerating AI chip development [3]. - Key clients include top semiconductor firms like Nvidia, AMD, Qualcomm, and Apple, as well as cloud computing giants like Amazon and Microsoft [3]. - Synopsys's tools are crucial for semiconductor manufacturers like TSMC and Samsung, aiding in optimizing chip design and accelerating new process node development [3]. Group 4: Regulatory Environment - The agreement with the FTC reflects a shift towards resolving merger cases through settlements rather than litigation, contrasting with the Biden administration's previous stance [4]. - The FTC plans to release new guidelines on how it will evaluate merger settlements [4]. - The acquisition's approval process is complicated by geopolitical tensions, particularly regarding U.S. restrictions on technology sales to China [6].