Core Points - Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), is under investigation for serious violations of discipline and law [3] - His investigation follows the earlier fall of several classmates from his time at Zhejiang Banking School, indicating a potential network of corruption [3][6] - During his tenure from January 2019 to February 2024, Yi oversaw the issuance of over 1,800 new stocks, the highest under any CSRC chairman [5] Group 1: Background and Career - Yi Huiman was born in December 1964 in Wenzhou, Zhejiang Province, and graduated from Zhejiang Banking School, which has been referred to as the "Huangpu Military Academy of Zhejiang's Financial Sector" [3][4] - He worked at the Industrial and Commercial Bank of China (ICBC) for 34 years, eventually becoming the chairman before taking the role at CSRC [4] - Yi's leadership at CSRC was marked by the implementation of a comprehensive stock issuance registration system [5] Group 2: Investigation and Implications - Yi was reportedly taken for investigation around August 29, 2025, with several family members also involved [3] - Prior to Yi's investigation, several of his classmates from Zhejiang Banking School had already been implicated in corruption cases, suggesting a broader issue within the financial sector [6] - The fall of figures like Lin Peng and Shen Rongqin, both linked to Yi and the banking school, highlights a potential pattern of misconduct among his associates [6]

（原标题：小时候聪明，长大后越来越平庸？你拼命维持的"优秀"，正在悄悄耗尽你） "小时候我特别聪明。"——这是许多来访者在讲述自己时说出的第一句话。 他们小时候成绩优异，学东西快，是老师眼中的苗子、父母口中的骄傲。但当他们成为成年人，却发现 自己渐渐失去了那份"光彩"： 在职场中表现平平，在选择上感到迷茫，不知道该往哪里走，也很难再像从前那样充满干劲。 这种落差，有时像一根看不见的小刺，在深夜悄然发作。 而在咨询中，我会看见，那些"聪明"从一开始就不只是天赋的结果。 一、那些被称为"聪明"的孩子，究竟发生了什么？ 成长心理学告诉我们，许多表现出"聪明"的孩子，往往有一个共性：高度敏感，善于察言观色，能快速 适应环境。 他们懂得读懂大人的期待：考试要考好、行为要得体、情绪要收敛。 他们在很小的时候就明白：优秀，会带来表扬与关注；犯错，会引发责备和失望。 于是，这些孩子学会了"以好表现换取认可"：把成绩、表现、顺从，当成了存在感和安全感的来源。 这份"聪明"，其实是一种高度适应性的生存策略。 问题是，这种机制如果在成年后依旧主导我们的行为，会慢慢削弱个体的内驱力与方向感。 我们以为自己在努力，其实是在继续完成"别 ...

Core Insights - The article highlights the transformation of Shijiazhuang from a small village to a bustling metropolis, driven by the development of transportation infrastructure [1] - It emphasizes the role of 44 local artists who contribute to the cultural narrative of the city through their artworks, showcasing the evolution of Shijiazhuang [1] Exhibition Details - The exhibition runs from August 16 to September 7 [2] - It is located at the Shijiazhuang Art Museum, situated in the Yansheng Park area of Qiaoxi District [2] Artistic Contributions - The exhibition features 67 pieces of artwork that reflect the artists' personal stories and the city's dynamic changes [1] - The artworks include traditional painting, calligraphy, and innovative designs, representing the local culture and landscape [1] Exhibition Experience - The exhibition is designed to create a cohesive experience, integrating lighting adjustments, interpretative texts, and discussions around the artworks [1] - This approach aims to connect individual pieces into a larger narrative about the city's past and present [1]

Group 1 - The yield on 10-year Chinese government bonds increased by 2.0 basis points to 1.826% [1] - The yield on 10-year U.S. Treasury bonds decreased by 7.0 basis points to 4.1% [1] - The spread between Chinese and U.S. bond yields narrowed to 227.0 basis points, a decrease of 9.0 basis points from the previous day, marking three consecutive days of narrowing [1]

Core Insights - The article discusses the archaeological significance of the Chenghu site, highlighting its historical importance and the discoveries made there, particularly related to the Liangzhu culture and its early writing symbols [1][10]. Archaeological Discoveries - Chenghu was originally a lake approximately 45 square kilometers in size, known for its rich archaeological finds, including over 1,200 artifacts from various periods, spanning 5,000 years from the Neolithic to the Tang and Song dynasties [2][11]. - Excavations revealed remnants of a Neolithic settlement from the Songze culture, including housing structures, water systems, and rice paddies, indicating advanced agricultural practices [3][4]. Cultural Artifacts - The artifacts from the Liangzhu culture are particularly notable, featuring pottery that reflects artistic creativity, such as animal-shaped vessels and intricately designed pots with symbolic engravings [4][5][6]. - A significant find includes a pottery vessel with engraved symbols, which has sparked considerable academic interest regarding the origins of Chinese writing, suggesting that these symbols may represent an early form of written language [7][9]. Historical Context - The article outlines the historical evolution of the Chenghu area, noting its prominence during the Wu and Yue states in ancient China, and how it transitioned from a thriving settlement to being submerged under water due to natural and human-induced changes [10][12]. - The formation of Chenghu as a lake is attributed to climatic changes and human activities, particularly during the Song dynasty, which led to significant flooding and the eventual disappearance of the ancient settlements [12][14].

Group 1 - The phenomenon of "sports CP" is becoming a unique cultural trend, merging competitive sports with fan economy, thus reshaping young people's perceptions of sports stars [1][2] - The emotional narrative of sports stars as a couple enhances audience engagement, creating a new relationship symbol that transcends individual competition [2] - The "Sha-Tou combination" is viewed as a modern idol for the youth, similar to past sports icons, providing three key narratives: positive emotional value, inspiring struggle stories, and relatable communication styles [2] Group 2 - The recent event of the Chinese Table Tennis Club Super League showcased the influence of the "Sha-Tou combination," attracting large audiences and revitalizing sports events with modern entertainment elements [3] - The concept of sports CP is redefining the multi-dimensional image of sports stars, who are seen not only as athletes but also as representatives of national identity [4] - There is a shift in brand marketing strategies, moving from entertainment-focused endorsements to selecting sports stars based on trust and responsibility, reflecting a new phase in brand ambassador choices [4]

Core Insights - Hisense has officially announced its role as the global official sponsor for the 2026 FIFA World Cup, marking its third sponsorship after the 2018 and 2022 World Cups [1][10] - The partnership aims to enhance the viewing experience through advanced RGB-Mini LED and AI technologies, with a focus on "colorful, AI, and passion" [1][4] - FIFA's Chief Commercial Officer expressed high expectations for the collaboration, emphasizing the shared values that deepen the partnership [3][6] Company Strategy - Hisense has positioned itself as a pioneer in sports marketing, leveraging top-tier sports sponsorships to accelerate brand globalization [3][10] - The company has developed a comprehensive event operation methodology centered on "technology-driven, user-driven, service-driven, and culture-driven" approaches [3] - Hisense's CEO highlighted the historical significance of their collaboration with FIFA, which has evolved from brand cooperation to content collaboration and technological support [3][10] Technological Advancements - The 2026 World Cup is expected to accelerate the widespread adoption of RGB-Mini LED technology, enhancing the visual experience for viewers [4][6] - Hisense plans to launch the U7S Pro, the world's first high-end RGB-Mini LED TV, before the World Cup, showcasing its commitment to delivering superior picture quality [8] - The partnership will also focus on developing high-definition content and experiences to enhance fan engagement [8] Market Impact - Hisense's sponsorship of the World Cup has significantly boosted its brand development, with a reported 70% overall revenue growth and a 156% increase in brand value since 2018 [10] - The company's global TV ranking has improved from third to second, with leading positions in the 100-inch and laser TV segments [10] - Hisense aims to deepen its strategic partnership with FIFA, marking a new phase in its global expansion and brand building efforts [10]

Core Viewpoint - NIO has reported positive performance indicators for Q2, indicating a potential turnaround in its business trajectory, with CEO Li Bin expressing confidence in achieving profitability in Q4 2023 [1][2]. Financial Performance - In Q2, NIO achieved revenue of 19.01 billion yuan, a quarter-on-quarter increase of 57.9%, and a net loss reduction of over 30% [1]. - The cumulative delivery for Q2 was 72,000 vehicles, representing a year-on-year growth of 25.6% and a quarter-on-quarter growth of 71.2% [3]. - For Q3, NIO expects deliveries between 87,000 and 91,000 vehicles, with revenue projected between 21.81 billion and 22.88 billion yuan, reflecting a year-on-year growth of approximately 16.8% to 22.5% [3]. Strategic Initiatives - NIO is implementing internal reforms to enhance efficiency, focusing on return on investment (ROI) and prioritizing projects that yield better financial returns [4]. - The company is committed to a multi-brand strategy, with NIO, Ladao, and Firefly brands working collaboratively to optimize resources and reduce costs [8][9]. Product Development - NIO continues to focus exclusively on pure electric vehicles, distinguishing itself from competitors who have shifted to hybrid or range-extended models [5][6]. - The recently launched Ladao L90 and ES8 models feature a large front trunk, enhancing usability for family-oriented consumers [5][6]. Market Trends - The sales of pure electric vehicles have increased by 35.2% from January to July, while range-extended models saw a growth of only 12.1%, indicating a resurgence in consumer preference for pure electric vehicles [6][7]. - NIO's strategy includes maintaining a competitive edge through continuous innovation in electric vehicle technology and charging infrastructure [6][7]. Future Outlook - NIO aims to achieve an average monthly delivery target of 50,000 vehicles in Q4, totaling 150,000 vehicles for the quarter, with a gross margin target of 16% to 17% [3][4]. - The company plans to reduce quarterly R&D spending from 3 billion yuan to between 2 billion and 2.5 billion yuan while ensuring long-term competitiveness in core technologies [9].

Core Insights - The global first recombinant human albumin injection (rice) named "Aofumin" has been launched by Wuhan Heyuan Biotechnology Co., Ltd, marking a significant milestone in the biopharmaceutical field in China [1][3] - The product addresses the safety supply issues of "life-saving drugs" in clinical settings and aims to ensure the safety of drug supply in the country [3] Company Overview - Wuhan Heyuan Biotechnology has developed an innovative plant-based recombinant protein expression and purification technology platform, overcoming previous challenges related to safety, scalability, and cost in producing recombinant human serum albumin [2] - The company has secured over 80 patents related to its technology platform and recombinant human serum albumin, supported by various national and local government projects [2] Product Details - The recombinant human albumin injection (rice) is derived from rice endosperm cells and has been clinically proven to be as effective as plasma-derived albumin, with excellent safety and tolerability [2] - The product has a domestic market demand of approximately 1,000 tons per year, with 69% of the current supply being imported, highlighting a significant supply gap in the market [1] Regulatory Milestones - The product received acceptance from the National Medical Products Administration (NMPA) in September 2024 and was included in the priority review process, leading to its approval for market launch on July 18, 2025 [2] Future Plans - The company plans to establish an industrialization base to ensure the production of domestically developed alternatives and is initiating international multi-center Phase III clinical trials under FDA regulations to expand its indications [3]

经济观察报 记者 胡艳明 （原标题：华夏银行回应监管罚单：深入分析问题成因，已迅速落实各项整改措施） 2025年9月5日，国家金融监督管理总局（下称"金融监管总局"）网站公布行政处罚信息，对多家金融机 构开出罚单。 近日，华夏银行公布的2025年半年报显示，截至报告期末，该行资产总额达45496.25亿元，比上年末增 长3.96%；实现营业收入455.22亿元，比上年同期下降5.86%，比2025年一季度收窄11.87个百分点；实 现归属于上市公司股东的净利润114.70亿元，比上年同期下降7.95%，比2025年一季度收窄6.09个百分 点。资产质量保持稳定，不良贷款率为1.60%，与上年末持平。 华夏银行表示，这是金融监管总局2023年对该行开展风险管理及内控有效性现场检查进行行政处罚的决 定书。 华夏银行表示："对于监管部门的处罚决定，我行诚恳接受。对于监管处罚问题，我行高度重视，深入 分析问题成因，已迅速落实各项整改措施，并对相关责任人员进行严肃问责。下一步我行将严格落实监 管要求，持续强化内控合规管理，推动业务经营健康发展。" 其中一份罚单显示，华夏银行及相关责任人员存在相关贷款、票据、同业等业务管 ...