Core Viewpoint - Oriental Selection (01797.HK) saw a closing increase of 12.78% on July 18, reaching a new high since January, driven by the upcoming launch of its second self-operated sanitary napkin product on July 19 [1]. Product Launch and Market Response - The company will launch its second self-operated sanitary napkin, "Lightweight Quick Absorb Sanitary Napkin," on its app [1]. - The first self-operated sanitary napkin, "Cotton Surface Sanitary Napkin," sold out quickly in June and received widespread consumer praise [1]. - The Zhejiang Merchants Consumer Team noted that sanitary napkin products address strong consumer pain points, and Oriental Selection's product, made from 100% pure Xinjiang cotton and exceeding national standards, has the potential to stand out in the market [1]. Consumer-Centric Approach - Oriental Selection's product development strategy is similar to that of other companies like Pang Donglai and Sam's Club, focusing on high-quality, cost-effective products that meet health needs and drive stable repurchase rates [1]. Safety and Transparency Initiatives - The company announced its commitment to safety by ensuring that its sanitary napkins are produced with "zero additives" and using traceable raw materials [4][6]. - In March, Oriental Selection revealed plans for sanitary napkin products and a transparent factory initiative to control sales channels and prevent illegal distribution of second-hand sanitary napkins [3]. Industry Context - The entry of Oriental Selection into the sanitary napkin market coincides with increased consumer awareness regarding product safety, particularly following the exposure of refurbished sanitary napkins during the "3.15" gala [6]. - Other brands, including Free Point and All Cotton Era, have also entered the market, indicating a growing competition in the sanitary napkin sector [6].

当前市场在没有利空的情况下就容易上涨，两地市场均强势上行，港股今天跳空涨1.33%。 昨日诟病大金融不给力，今天就卷土重来，首当其冲是保险类，市场判断二季度普通型人身险产品预定 利率研究值或低于2.25%。7月初已有公司及时跟进市场利率变化，结合自身经营情况调整产品定价， 部分公司将于8月底完成新旧产品切换。这导致保险负债成本缓释：助推险企提高权益配置占比，支撑 超长债收益率下行。另外，监管层对保险业的考核标准也进行了调整，意味着保险公司可以更灵活的配 置非银行类的资产，从而不断提升收益率。今天中国人寿(02628)、中国太保(02601)等均涨超5%。 而证券股的催化则来自于稳定币，当地时间7月17日，美国国会众议院以308票赞成、122票反对的结果 通过了《指导与建立美国稳定币国家创新法案》，旨在对加密货币监管进行重大立法改革。该法案将提 交美国总统特朗普，预计将由特朗普签署成为法律。这意味着美国稳定币正式开启运营，全球最大稳定 币发行商Tether Holdings SA的首席执行官Paolo Ardoino日前宣布，该公司发行的USDT—全球最大的稳 定币—市值首次超过1600亿美元，并指出这是一个" ...