Group 1 - The core idea of the articles is that Zhejiang Commercial Bank is innovating its anti-fraud education methods by utilizing immersive and mobile formats to effectively reach a wider audience and enhance public awareness of fraud schemes [2][4][6] - Zhejiang Commercial Bank launched the "Zhejiang Bank Consumer Protection Anti-Fraud Laboratory" which features three virtual high-fraud areas: campus, county, and community, using engaging experiments and situational performances to dissect common fraud tactics [2][6] - The live broadcast attracted significant attention, with 151,000 total views, a peak of 25,000 concurrent viewers, and 559,000 likes, demonstrating the effectiveness of the interactive approach in making anti-fraud knowledge more accessible [2] Group 2 - In addition to online initiatives, Zhejiang Commercial Bank is also conducting real-world financial knowledge events, such as a pop-up activity at Hangzhou Xiaoshan International Airport, to engage travelers and disseminate financial safety information [4][6] - The bank's activities span multiple cities including Beijing, Zhengzhou, Xi'an, and Chengdu, employing a variety of formats like online live streams, offline events, and short video competitions to create a comprehensive communication matrix [6] - The approach combines professional insights into fraud with practical experiences to strengthen public understanding and build a robust risk defense, showcasing the bank's commitment to proactive consumer protection [6]

Group 1 - The computer sector experienced a significant rise, with the Computer ETF (159998) increasing by over 2% and a trading volume exceeding 140 million yuan, while the Cloud Computing ETF (517390) rose nearly 4% with a turnover rate of over 11% [1] - Major stocks in the Computer ETF included Inspur Information, which hit the daily limit, along with other companies like Yonyou Network and Huqin Technology showing gains [1] - The Cloud Computing ETF closely tracks the CSI Hong Kong-Shanghai Cloud Computing Industry Index and includes major holdings such as Tencent Holdings and Zhongke Shuguang [1] Group 2 - The Ministry of Industry and Information Technology and the National Development and Reform Commission issued guidelines to enhance new information infrastructure, promoting the deployment of 5G, gigabit optical networks, and industrial internet in parks [2] - Alibaba launched Qwen3-Max, its largest and most capable model to date, which has achieved a high ranking in the LMArena text leaderboard, surpassing GPT-5-Chat [2] - Continuous growth in demand for AI and cloud services in China is supported by recent industry events, indicating an upward trend in model capabilities and infrastructure optimization [3]

对此，抖音集团副总裁@抖音集团李亮 发文辟谣称：一大早就有朋友问，不排除有人想炒作"字节概念 股"而故意放的假消息。请大家不要信谣传谣，市场很多所谓"字节概念股"的信息不实，请大家谨慎投 资。 9月25日，《辟谣财知道》注意到，市场有传闻称，字节跳动准备在中国香港上市。 事实上，字节跳动此前曾多次传出被整体或部分业务独立上市传闻。 2020年，有媒体报道称字节跳动考虑推动抖音业务单独在香港上市。报道援引知情人士消息称，高盛等 多家投行曾与字节跳动沟通承销事宜。对此，字节跳动相关负责人曾回复称，在考虑部分业务上市计 划，但还没有最后确定。 2025年4月，又有消息称其拟将沐瞳与朝夕光年打包赴美股IPO，字节方面回应称"目前没有上市计划"。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 今日盘中，字节跳动概念股集体走强，抖音概念指数（885890.TI）大幅拉升，截至13时09分，报 1744.54点，涨幅达1.2%，板块内多只成分股涨停。 ...

21世纪经济报道记者 郭聪聪 继北京、上海、广州、厦门之后，天津成为全国第五个开展不动产信托财产登记试点的地区。 近日，天津市地方金融管理局、国家金融监督管理总局天津监管局、天津市规划和自然资源局、国家税 务总局天津市税务局、天津市民政局、中国（天津）自由贸易试验区管理委员会联合发布了《关于开展 不动产信托财产登记试点的通知》（下称《通知》），标志着天津正式加入不动产信托财产登记试点行 列。9月24日，该《通知》正式对外公布。 值得注意的是，此次试点，天津并未止步于既有试点经验的借鉴，创新性地将天津自贸试验区制度优势 与不动产信托财产登记制度深度融合，构建起 "持有和购买双场景 + 创新资产盘活应用 + 转入转出双流 程 + 多部门协同" 的创新体系，为信托服务实体经济、满足民生需求开辟了新路径。 锚定三大目标 作为一种灵活的财产管理制度，信托的核心优势在于财产独立、风险隔离和长期存续。然而，当不动产 作为信托财产时，登记制度的缺失成为制约其功能发挥的瓶颈。没有明确的登记规则，信托财产难以真 正实现与委托人、受托人自有资产的隔离，也影响了交易安全和信托业务的规范化发展。 《通知》明确了试点不动产信托财产登记的 ...

Core Viewpoint - The article highlights the performance of public pure fixed-income products with a 7-day holding period, emphasizing the advantages of low volatility, high flexibility, and stable returns in the current market environment [5][6]. Group 1: Product Performance - The top-performing product, "Hengren Suixingying Shortest Holding 7 Days A," managed by Hengfeng Wealth Management, achieved a net value growth rate of 9.12% and an annualized return of 3.04% over the past three years, making it the leader in the ranking [5][6]. - The average net value growth rate of similar products during the same period was 6.95%, indicating that the leading product significantly outperformed its peers [6][7]. - As of mid-2025, the asset net value of the leading product reached 2.526 billion yuan, with A shares accounting for 2.122 billion yuan, reflecting strong market recognition [6][7]. Group 2: Risk Management and Investment Strategy - The product maintains a low maximum drawdown of only 0.22% and an annualized volatility of 0.34%, showcasing effective risk control [6][7]. - The investment strategy focuses on a "neutral duration + high-rated coupon" approach, ensuring a solid foundation for stable returns while managing credit risk through stringent selection criteria [7]. - The asset allocation includes 56.26% in bond investments, 21.42% in cash and bank deposits, and 14.13% in interbank certificates of deposit, with a small portion in other financial instruments [7]. Group 3: Liquidity Management - The product employs a regular monitoring mechanism for liquidity indicators, allowing for proactive responses to potential liquidity risks by adjusting asset concentration and increasing cash reserves [7][8]. - The management strategy includes planning for asset liquidation in advance to ensure sufficient liquidity for redemption needs, thereby supporting the product's stable operation [7][8]. Group 4: Market Context - The bond market has experienced fluctuations, with a downward trend in 10-year government bond yields in 2023, followed by a significant bull market in 2024, and a weak oscillation in the third quarter of 2025 [5]. - In this context, short-holding period wealth management products have gained popularity among investors, addressing the challenges of balancing yield and liquidity [5].

Overall Performance - As of September 18, 2025, the average seven-day annualized yield for RMB public cash management products is 1.433%, while for USD cash products it is 3.934% [2] - The ranking of products shows that Su Yin Wealth Management, Bei Yin Wealth Management, and Zhao Yin Wealth Management each have 2 products listed, while Pu Yin Wealth Management, Hua Xia Wealth Management, Zhong You Wealth Management, and Hui Yin Wealth Management each have 1 product listed [2] - Among the 5128 RMB public cash management products, only 64 products have a seven-day annualized yield exceeding 2%, accounting for just 1.25%, while 1421 products fall within the 1.5% to 2% yield range, nearly 30% [2] Highlight Product Analysis - The top two products are both issued by Su Yin Wealth Management, namely "Qi Yuan Currency No. 3 G" and "Qi Yuan Cash No. 4 N," primarily investing in low-risk assets such as bank deposits, repos, and interbank certificates of deposit [3] - "Qi Yuan Currency No. 3 G" includes interest rate bonds in its asset allocation, while "Qi Yuan Cash No. 4 N" opts for securities company bonds [3] - As of September 18, 2025, the yields per ten thousand for "Qi Yuan Currency No. 3 G" and "Qi Yuan Cash No. 4 N" are 0.8129 and 0.8067, respectively [3] - In response to the ongoing decline in market interest rates, "Qi Yuan Currency No. 3 G" has increased its holdings in bond assets and reserved higher-yield long-term deposit assets [3] - "Qi Yuan Cash No. 4 N" locked in returns early in the first and second quarters of 2025 and increased allocations to primary and secondary credit bonds, raising the proportion of high-priced deposits and repos by the end of the second quarter [3]

（原标题：不动产信托登记迎来"天津样本"，首创"持有+购买"双模式） 21世纪经济报道记者 郭聪聪 继北京、上海、广州、厦门之后，天津成为全国第五个开展不动产信托财产登记试点的地区。 近日，天津市地方金融管理局、国家金融监督管理总局天津监管局、天津市规划和自然资源局、国家税 务总局天津市税务局、天津市民政局、中国(天津)自由贸易试验区管理委员会联合发布了《关于开展不 动产信托财产登记试点的通知》（下称《通知》），标志着天津正式加入不动产信托财产登记试点行 列。9月24日，该《通知》正式对外公布。 值得注意的是，此次试点，天津并未止步于既有试点经验的借鉴，创新性地将天津自贸试验区制度优势 与不动产信托财产登记制度深度融合，构建起 "持有和购买双场景 + 创新资产盘活应用 + 转入转出双流 程 + 多部门协同" 的创新体系，为信托服务实体经济、满足民生需求开辟了新路径。 锚定三大目标 作为一种灵活的财产管理制度，信托的核心优势在于财产独立、风险隔离和长期存续。然而，当不动产 作为信托财产时，登记制度的缺失成为制约其功能发挥的瓶颈。没有明确的登记规则，信托财产难以真 正实现与委托人、受托人自有资产的隔离，也影响了交 ...

（原标题：古特雷斯呼吁改革国际金融体系，借全球发展倡议推动2030议程） 南方财经 21世纪经济报道记者周蕊 纽约报道 当地时间9月23日，在联合国总部举行的"全球发展倡议高级别会议"上，秘书长古特雷斯发表讲话，感 谢中国政府以"重温初心，共筑全球发展美好未来"为主题主办会议，并呼吁国际社会重振多边合作，推 动可持续发展目标取得实质进展。 全球发展面临严峻挑战 古特雷斯指出，世界经济正在经历财政约束、地缘政治紧张、单边贸易措施和气候风险的多重冲击，全 球发展前景脆弱。新冠疫情的阴影仍未消退，许多经济体复苏不完全，增长乏力与投资不足正在扩大不 平等并加剧贫困。发展中国家的财政空间受到严重挤压，而官方发展援助在2024年下降9%后，2025年 预计还将进一步下滑9%至17%，使基础设施、人力资本和气候韧性投资面临停滞风险。 "塞维利亚承诺"与金融体系改革 古特雷斯强调，在第四次发展筹资国际会议上，各国通过的《塞维利亚承诺》为弥合4万亿美元可持续 发展融资缺口提供了全面框架。下一步关键在于将协议落实为行动，包括扩大优惠融资、降低资本成 本，并推进国际金融体系改革。 他指出，二战后建立的国际金融机构已无法反映当今发展 ...

9月25日早盘，上纬新材（688585.SH）开盘不久便封死20cm涨停，股价飙升至132.1元/股，创历史新 高。 不过，尽管市场将智元机器人入主上纬新材视为"曲线上市"的关键一步。但智元机器人明确否认了"借 壳上市"传闻，并表示未来12个月内无重大业务调整计划。 东吴证券在此前7月12日发布的研报中指出，智元系入主公司，若收购完成，上纬新材有望转型为人形 机器人平台化公司。不过，东吴证券也表示，由于收购具有不确定性，故暂不考虑智元系收购影响，但 仍首次覆盖给予公司"增持"评级。 公开资料显示，智元机器人成立于2023年2月。由包括彭志辉（网名稚晖君）在内的多位业内资深人士 联合创立。自2023年成立至今，根据天眼查，智元已实现了11轮融资，其中投资方不乏京东、腾讯等大 厂，也有多家明星创投资本。 另外，智元机器人近期也宣布，已成功通过CR-3-06:2025《人形机器人数据集CR产品认证实施规 则》，拿下业内首张人形机器人数据集产品CR认证证书，编号"001"，成为国内首批依据T/SAIAS 024 —2025、T/SAIAS 025—2025、T/SAIAS 026—2025、T/SAIAS 027—2 ...

对于要约收购价与股价间的巨大差异，21财经·南财快讯记者以投资者身份致电上纬新材证券部，接线 工作人员表示，本次要约收购价是基于此前协议的约定价格，与公司被收购停牌前的股价相近，公司目 前并未收到再议价通知。查看原文：20CM涨停，股价132元！上纬新材回应7.78元要约收购价刚刚 南方财经9月25日电，上纬新材（688585.SH）开盘不久便封死20cm涨停，股价飙升至132.1元/股，创历 史新高。消息面上，昨日晚间，上纬新材公告称，上海智元恒岳科技合伙企业（简称"智元恒岳"）计划 要约收购公司股份数量为1.49亿股，占公司总股本的37%，要约收购价格为7.78元/股，预计所需最高资 金总额为11.61亿元。值得注意的是，当前上纬新材股价（132.1元）为要约价（7.78元）的16.9倍，若收 购成功，智元恒岳本次所获1.49亿股股份市值将达196.8亿元，较7.78元/股的成本浮盈超185亿元。 ...