Core Insights - The increasing importance of data in enhancing business decision-making efficiency is driving banks to explore data middle platform and visualization services [2][3] - The implementation of data visualization services at Industrial Bank has significantly improved data analysis across various business lines, breaking down data silos and enhancing data sharing and reuse [2][4] - The shift from traditional reporting to data storytelling is essential for banks to optimize decision-making processes and operational efficiency [5][6] Group 1: Data Visualization Services - Industrial Bank has successfully implemented data visualization services across multiple business lines, including retail, corporate finance, interbank and financial markets, and risk management [2][3] - The introduction of data visualization services has addressed two major bottlenecks in data reporting: the timeliness of data and the rigidity of report formats, allowing for faster and more customized data presentations [2][4] - A total of 44 branches and 20 business departments at the headquarters are currently utilizing the enterprise-level data visualization services [6] Group 2: Challenges and Solutions - Many banks have faced challenges such as redundant construction of data reporting platforms at branch levels, distributed work models hindering data integration, and complex data usage permissions [3][4] - To overcome these challenges, banks are increasingly building enterprise-level standardized data middle platforms to integrate and manage data across branches [3][4] - The need for a shift from traditional fixed reporting to intelligent, story-driven data visualization is emphasized to enhance collaboration and decision-making efficiency [5][6] Group 3: AI Integration - The integration of AI technology with data visualization services is seen as a new challenge for banks in their digital transformation journey [7][9] - AI can assist in the entire data visualization process, lowering barriers to data usage and improving analysis and decision-making efficiency [7][8] - Banks are encouraged to develop Data Agents that combine business problem-solving capabilities with decision-making execution abilities to enhance the effectiveness of AI in data applications [8][9] Group 4: Compliance and Ethical Considerations - The development and application of data intelligence agents must prioritize compliance with data security, algorithm transparency, fairness, and system stability [10] - Addressing issues such as data leakage, misuse, and ethical concerns is crucial to ensure that data intelligence agents are both safe and efficient [10]

Core Viewpoint - The introduction of the "Several Measures to Support the High-Quality Development of Innovative Drugs" aims to address key issues in the development of innovative drugs in China, focusing on a full-chain support system for research, access, hospital use, and multi-payment options [1][2]. Group 1: Measures and Support - The measures include 16 specific actions across five areas to enhance the research and development of innovative drugs, ensuring alignment with clinical treatment needs [2]. - A new payment system for innovative drugs will be established, which includes regular adjustments to the medical insurance catalog and the introduction of commercial health insurance for innovative drugs [2]. - Policies will be implemented to improve the accessibility of innovative drugs, addressing concerns related to their use in various stages such as listing, hospital admission, payment, and distribution [2]. Group 2: Future Actions - The National Healthcare Security Administration and the National Health Commission will implement the measures to support the high-quality development of innovative drugs, ensuring the health rights of the public are better protected [2].

Group 1 - Domestic oil prices are expected to increase for the sixth time this year, with the new pricing window opening on July 1 [1] - As of this year, there have been twelve pricing adjustments, resulting in five increases, five decreases, and two unchanged periods [1] - If the current adjustment is implemented, the pricing pattern will shift to six increases, five decreases, and two unchanged periods by 2025 [1] Group 2 - The National Healthcare Security Administration will hold a press conference to introduce measures supporting the high-quality development of innovative drugs [2] Group 3 - The "National Network Identity Authentication Public Service Management Measures" will be implemented starting July 15, 2025, allowing individuals to apply for online identity credentials [3] Group 4 - The "Regulations on the Registration Management of Individual Industrial and Commercial Households" will take effect on July 15, providing a framework for individual businesses to transition to corporate status [4] Group 5 - The "Tax Payment Credit Management Measures" will be implemented starting July 1, 2025, optimizing credit evaluation indicators for tax payments and allowing for credit repair under certain conditions [5] Group 6 - The mandatory national standard for "Hygienic Requirements for Disposable Sanitary Products" will be enforced starting July 1, establishing health risk classifications and safety requirements for various sanitary products [6] Group 7 - A total of 406.5 billion yuan in 7-day reverse repos will mature today, with an operation rate of 1.40% [7] Group 8 - Economic data such as the Eurozone's June CPI and Indonesia's May trade balance will be released [8]

Core Insights - The article discusses the increasing demand for health management and medical services due to an aging society and the diverse needs of the public [2] - Ant Group has launched the AI health management app "AQ" to address these needs, providing over a hundred AI functions and connecting users to a vast network of healthcare resources [3][4] - The competitive landscape of AI health management is intensifying, with AQ aiming to differentiate itself by offering integrated online and offline medical services [3][5] Group 1: AI Health Management Market - The AI health management market is rapidly evolving, with major internet platforms leveraging AI to capture a share of this trillion-dollar market [3] - AQ connects over 5,000 hospitals and nearly one million doctors, aiming to provide a comprehensive health management service [3][6] - The app addresses key pain points in traditional internet health management, such as difficulty in accessing quality medical services and the challenge of accurately conveying symptoms [5][6] Group 2: Technology and Functionality - AQ utilizes a medical model that analyzes vast amounts of healthcare data to guide users in expressing their symptoms accurately, thereby improving the matching process with healthcare professionals [7] - The app supports advanced features like visual recognition for skin diseases, allowing users to take photos for diagnosis [7][9] - AQ's development involves collaboration with medical professionals and extensive training to ensure high-quality service delivery [7][9] Group 3: Addressing Resource Shortages - The app aims to alleviate the shortage of quality medical resources, as evidenced by the fact that only 7.8% of hospitals are tertiary hospitals yet they handle over 50% of outpatient visits [8][9] - The introduction of "digital twins" of renowned doctors is a key strategy for AQ to enhance access to specialized medical advice [9][10] - The digital twin initiative allows doctors to serve a significantly larger patient base, improving healthcare accessibility [9][10] Group 4: Family Doctor Ecosystem - The emergence of AI health applications like AQ is seen as a potential solution to the challenges faced by the family doctor service model in China [11][12] - Current statistics indicate a shortfall in the number of family doctors, with only 3.28 per 10,000 people, compared to a target of 5 [12] - Local governments are exploring the use of AI digital family doctors to provide 24/7 online services, aiming to enhance the efficiency and reach of family healthcare [13][14]

Core Viewpoint - Hefei Shiya Technology Co., Ltd. has officially received approval for its IPO application on the Sci-Tech Innovation Board, aiming to raise 2.015 billion yuan, with a potential post-listing valuation exceeding 20 billion yuan, despite projected cumulative losses of nearly 800 million yuan from 2022 to 2024 [1][5] Group 1: Company Overview - Shiya Technology is recognized as a global leader in silicon-based OLED micro-displays, being the first company to achieve mass production based on 12-inch wafer backplanes [2] - The company holds a 35.2% market share in the global silicon-based OLED market for XR devices, second only to Sony [2] - Shiya Technology has developed proprietary technologies such as strong micro-cavity technology and high-efficiency stacked OLED technology, achieving pixel densities over 3000 PPI and microsecond response times [2][3] Group 2: Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 190 million yuan to 280 million yuan, with a compound annual growth rate of 21.5%, while net losses are expected to total 798 million yuan [3] - The gross margin is expected to decline from 19.14% in 2022 to 21.52% in 2024, significantly lower than competitors like BOE [3][4] - The company faces challenges related to production capacity, high asset investment, and customer concentration, with over 75% of revenue coming from the top five clients [4] Group 3: IPO and Future Prospects - The IPO plans to allocate 1.61 billion yuan for expanding high-resolution silicon-based OLED production lines and 406 million yuan for R&D [5] - The expansion faces technical risks related to production yield and market risks due to a slowdown in XR device shipments, with a projected 12% decline in global AR/VR headset shipments in 2024 [5][6] - The company’s valuation is under scrutiny, with a price-to-sales ratio exceeding 70 times based on 2024 revenue, and negative cash flow from operating activities for three consecutive years [6]

Group 1 - Yangtuo Technology Inc. (referred to as "海拍客") submitted its listing application to the Hong Kong Stock Exchange on June 30, with CITIC Securities as the exclusive sponsor [1] - 海拍客 is a leading trading and service platform in China, focusing on the home care and nutrition products sector, aiming to enhance consumer experience and promote consumption upgrades in lower-tier markets [1] - By 2024, the transaction volume of home care and nutrition products in China's lower-tier markets is expected to reach RMB 8.6 billion, making 海拍客 the largest trading and service platform in this sector with a market share of 10.1% [1][1] Group 2 - As of December 31, 2024, 海拍客's platform is projected to connect approximately 4,200 registered sellers and cover over 290,000 registered buyers across 31 provinces, cities, and autonomous regions in China [1] - The platform has over 93,000 core buyers, with each core buyer placing an average of 11 orders per month [1] - Financially, the company's revenues for 2022, 2023, and 2024 are projected to be RMB 900 million, RMB 1.07 billion, and RMB 1.03 billion, respectively, with losses of RMB 56.54 million and RMB 78.83 million in 2023 and 2024 [2]

2025年6月28日，法国奢侈品牌路易威登在上海南京西路的"路易号"（Louis, The Boat）正式向公众开 放。这座以船形为设计灵感的建筑不仅代表了品牌的悠久历史和航海基因，也展现了上海这座城市深厚 的文化底蕴和航运历史。作为路易威登在全球范围内的重要创意项目之一，"路易号"的落成标志着品牌 与城市文化的深度融合，它不仅是一个商业空间，更是对航海文化与城市更新的独特致敬，成为上海市 中心的新文化地标。 航海文化与品牌精神的完美融合 "路易号"的建筑设计堪称艺术与工艺的完美结合。整个建筑呈现出船的轮廓，优雅的船首和船身用金属 Monogram图案装饰，流线型的设计语言既展现了路易威登品牌的经典元素，也向航海文化致敬。建筑 的顶部设计灵感来自于经典硬箱的形状，层叠式的顶层结构仿佛是将旅行箱堆叠在一起，突显了品牌的 核心价值——创新与冒险。 此外，建筑的甲板部分采用了奢华的材料和设计，营造出如同豪华游艇般的高贵氛围。设计师将现代感 与经典元素结合，营造出一种既具有时尚感又富有历史感的空间体验。无论是从外部的船形结构，还是 内部的每一处细节，路易威登都在强调旅行、冒险和奢华的独特氛围。 "非凡之旅"展览：品牌 ...

Core Viewpoint - The article discusses the contrasting contributions of Zhang Daqian and Chang Shuhong to the preservation and promotion of Dunhuang art, highlighting their respective roles as an explorer and a guardian of this cultural heritage [1][8]. Group 1: Zhang Daqian's Contributions - Zhang Daqian's journey to Dunhuang began in 1941, where he spent over two years studying and replicating the murals, significantly contributing to the understanding of Chinese art history [1][2]. - He was the first Chinese scholar to systematically number the caves at Mogao, completing a total of 309 caves, which was a groundbreaking effort in the field [2]. - His work faced controversy due to accusations of damaging the murals during his replication process, leading to a significant backlash from the academic community [3][4]. Group 2: Chang Shuhong's Role - Chang Shuhong arrived in Dunhuang in 1943, taking over the responsibility of preserving the murals after Zhang Daqian's departure, dedicating his life to this cause [4][6]. - He faced severe living conditions and personal sacrifices, including the departure of his wife, yet he remained committed to the protection and study of Dunhuang art [6][7]. - Under his leadership, the Dunhuang Art Research Institute was established, and he became known as the "Guardian of Dunhuang," symbolizing dedication to cultural preservation [6][8]. Group 3: Legacy and Impact - The friendship and collaboration between Zhang Daqian and Chang Shuhong have inspired subsequent generations of artists and scholars to continue the work of preserving Dunhuang's cultural heritage [8]. - Their efforts have led to a resurgence of interest in Dunhuang art, with modern scholars and artists employing digital technology and traditional methods to ensure the longevity of these cultural treasures [8].

几年前从媒体文化副刊辞职之后，我到一个江南小城市生活了一段时间。小城的生活安逸而宁静，我由 此获得了一个额外的空间来凝神细看已经成为记忆的日子，发现自己需要面对的是一个陌生而沉重的课 题，重新检视自己此前深深认同的理想与价值。回忆自己主持策划过的种种文化议题，让我深感不安 的，是我对人性完美与社会进步的种种想象。我把这种想象带入我对很多人与事的把握与理解之中，唯 愿自己所有的努力配得上想要成就的良善之事。然而，我的想象与愿望都承受不住来自生活与时代的真 实地撞击。我对完美与良善的执念有多深，真实撞击带来的痛苦就有多深。记得暮春微凉的清晨里，江 南的树有鲜亮的叶子安静的花，我会在树下站立很久，沉入一个人的沉默里，与来自四面八方不可名状 的痛苦感做着浩浩荡荡地搏斗。痛苦落下来再又散去，那些时刻仿如一场梦，梦中的人与事，带来真实 的痛苦，却没有真实感。 这几年，我总感觉，太多我们视为珍贵的事物，在实际世界中迅速流失。即便充分使用我们的理性，交 付我们全部的感知与经验，总有些事情，无可挽回地失落，找不到任何答案，孤独感也更加凌厉。诗人 佩索阿说，我们存在的刹那，前后皆是暗夜。我的女儿在她两岁的时候，特别害怕死去，她有 ...

Core Viewpoint - The article discusses the historical and current challenges faced by currencies like the Ruble, Yen, Euro, and the potential for the Renminbi to challenge the dominance of the US dollar in the global financial system [1][2][3][4][5][6][9][10]. Group 1: Historical Context of Currency Competition - The Ruble was once considered a competitor to the dollar until the economic weaknesses of the Soviet Union became apparent [1]. - The Plaza Accord in 1985 led to a rapid appreciation of the Yen, which contributed to Japan's asset bubble, but did not result in the Yen becoming a major global reserve currency [2][3]. - The Euro has faced significant challenges since its inception, particularly during the Eurozone debt crisis, which highlighted the lack of a unified fiscal policy among member states [3][4]. Group 2: Characteristics of Global Reserve Currencies - A global reserve currency typically requires military power to ensure its dominance, as seen with historical currencies of Spain, the Netherlands, and the UK [5]. - The US has maintained its position as the global reserve currency due to its military spending and the favorable external environment post-World War II [5][6]. Group 3: Current and Future Prospects for the Renminbi - The increasing global attention on the Renminbi is partly due to the erosion of trust in the US dollar under Trump's administration, leading to a search for alternative reserve currencies [6][9]. - The Renminbi's potential as a reserve currency is hindered by its limited circulation and the lack of liquid Renminbi-denominated assets [7][9]. - For the Renminbi to challenge the dollar, it must establish a settlement network, particularly in Asia, and build trust in its stability and convertibility [10].