July 2025

GuoLian Minsheng Securities believes that the excess returns of micro-cap stocks mainly come from PB repair and the switch from high valuation to low valuation. The smaller the market value or the lower the valuation PB, the higher the probability of achieving excess returns in the next three months. This year, the micro-cap stock index

The Hong Kong stock market has recently seen a surge in IPO filings. According to incomplete statistics from Xinfeng, no fewer than 20 companies have submitted IPO applications to the Hong Kong Stock Exchange since May of this year, with Xi’an Dayi Group Co., Ltd. being one of them. Dayi Group specializes in gamma knife

CITIC Securities points out that behind this phenomenon lies the systematic enhancement of the attractiveness of the Hong Kong stock market. Firstly, the structure and quality of asset supply are continuously improving. Secondly, liquidity is improving trend-wise against the backdrop of overseas capital inflows. Historically, each round of institutional reform and breakthrough by the Hong

The competition for social security card customers has intensified as the second half of the game unfolds. Since the national promotion of the third-generation social security card began in 2021, banks from state-owned to urban and rural commercial banks have launched a full-scale competition to open accounts, securing customers through various means such as appointments,

Analysts believe that there are fundamental differences in the trade negotiation approaches between the US and the EU. Trump is eager to quickly announce agreements, while EU leaders adopt a more cautious and procedural negotiation style. EU officials have been trying to find a middle ground in dealing with the US, neither as tough as

US Treasury Secretary Bessent stated that the 50% tariff threat is a response to the pace of negotiations with the EU, hoping it will prompt the EU to act more quickly. He anticipates that before the 90-day tariff suspension ends, the US will reach agreements with other countries, with negotiations with India already in deep

U.S. Steel has announced a collaboration with Nippon Steel, which is projected to create at least 70,000 jobs and contribute $14 billion to the economy of a certain country. The stock price of U.S. Steel surged by over 20% at the close. Media reports indicate that prior to the post, the White House confirmed that

Driven by new orders, the Markit manufacturing PMI initial value for May reached 52.3, a three-month high, with expectations at 49.9 and the previous value at 50.2; the service industry PMI initial value also stood at 52.3, marking a two-month high, with expectations at 51 and the previous value at 50.8; the composite PMI initial

Analysts predict that if a 25% tariff is imposed, Apple’s annual EPS could decrease by over 7%. If the iPhone prices do not increase simultaneously, Apple’s gross margin for the next fiscal year might drop by 3.5 percentage points. Ming-Chi Kuo stated that, in terms of profitability, Apple would be better off enduring a 25%