证监会近期就《公开募集证券投资基金销售费用管理规定》征求意见，核心内容包括下调认购费、申购费，强化赎回费归入基金财产，并引导长期投资。ETF 高效灵活的优势进一步凸显，可能推动 FOF 加大 ETF 配置。国内 ETF-FOF 产品仍处起步阶段，未来增长潜力巨大。行业轮动策略作为 ETF-FOF 构建的重要方式，其应用前景广阔。

近期，美国就业数据恶化使市场普遍预期美联储将于 9 月议息会议开启降息通道，作为全球最具系统重要性的中央银行，美联储的利率决策不仅关乎美国国 内经济波动，更通过资本流动、预期传导与汇率联动等渠道产生显著的溢出效应。 这一背景下，各经济体货币当局再次面临如何协调内部物价稳定与外部汇率稳定的经典难题。事实上，中央银行货币政策的核心目标在于维持本国（地区）货币币值的稳定，这包括两个维度：对内保持物价水平稳定，对外维持汇率稳定。作为货币政策和汇率制度的制定主体，中央银行需统筹内外均衡，从全局视角做出有效决策，以实现内外部经济的均衡。

全球经济系统，正在开启新局，新局四条主线。国际货币系统主线、资产价格系统主线、现代产业系统主线，贸易市 场系统主线。以中国为代表的亚洲经济的崛起，在新格局中成新气象，A股、港股“新四牛”的态势初现。主线一：国际货币。国际货币，革故鼎新；国际储备，黄金归来；新兴央行，购金伊始；浪成微澜，空间广阔；美元宽松，资产利好。主线二：资产价格。A股港股，领涨全球；“新四牛”，资金流入牛，科技创新牛，制度改革牛，消费升级牛。主线三：现代产业。美好生活，全线升级；新质生产，战略新兴；AI新纪元，智火燎原；未来场景，全面应用。 主线四：贸易市场。亚洲潜力巨大；全球贸易和产业链核心；制度型开放和区域一体化。

近年来国内经济供强于需的问题相对突出，上半年出口主导的外部需求成为驱动经济增长的重要因素。进入下半年后，需求端整体回落，生产端增速亦出现下滑迹象，政策效果的非对称性或是导致短期经济波动的主要原因。一方面，反内卷对生产端的影响较为直接，或可类比供给侧改革时期通过行政手段去产能，或是 7、8 月固定资产投资增速出现回落的主要原因，工业生产或也受到一定影响。另一方面，需求相对偏弱的宏观背景下，反内卷对价格的提振作用仍待进一步传导短期 PPI 增速或有望筑底，但 CPI 增速仍在 8 月出现超预期回落。

MMT 认为信用货币体系下债务先于税收，政府先通过支出将货币注入经济体，企业和个人才能用这些货币缴税、储蓄或消费。税收起到迫使人们使用本国货币、形成稳定货币信用的功能。该理论认为，在本币主权下，政府不会因“本币债务”而违约，通胀是政府支出的“唯一硬约束”。在通胀处于合理区间时，应当充分利用财政政策实现最大化就业。

Landscaping and gardening services are used for the proper maintenance of gardens and lawns. Landscaping refers to an activity that beautifies vacant land, exteriors or interiors of a building, or public spaces such as parks and gardens. This beautification is achieved in different ways, including modifying features, construction of terrains and water bodies, and artificial lighting.

A land survey is a process of measuring and getting details on the dimensions of a particular land area. Land surveying equipment refers to the different types of equipment that are needed to conduct such survey activities. Some types of equipment include total stations and theodolites levels, unmanned aerial vehicles (UAVs), and others. Land surveying equipment has major applications in construction and mining sites for remote surveying

LIMS, a type of software management system, is used to manage large quantities of samples and data of a modern laboratory. The LIMS can effectively reduce the workload of a modern laboratory by enforcing standard workflows. Therefore, it improves the work efficiency of the laboratory.

Foods that adhere to Jewish religious laws, halakha, and are permitted to be consumed by the Jews are known as kosher foods. Kosher means appropriate or fit in Hebrew. There are certain restrictions on what kinds of foods can be consumed by people who follow the Judaism religion. For land animals, creatures that have split hooves and can chew the cud are considered kosher.In the last few years, the term kosher has grown to include a wide range of hygienic and high-quality food products, meat products, and food ingredients. Even though kosher foods were originally proposed for the Jews, nowadays, people of all social, ethical, and religious backgrounds are showing an interest in the consumption of kosher foods, which are known for their safety, hygiene, and ethical quality.

Kombucha is a fermented drink that is popular as a functional beverage for its health benefits. It is prepared by fermenting sweetened tea with a culture of yeast and bacteria, known as a SCOBY.