Core Insights - The forum at the 2025 Bund Conference focused on the safety risks and governance of large models, emphasizing that the development direction of these models depends on human guidance [1][3]. Group 1: Safety Risks of Large Models - The safety issues of large models are categorized into two main aspects: the inherent safety of the models themselves, including content compliance, privacy breaches, and traceability of generated content, and the safety across all stages centered around large models [3]. - The emergence of AGI-like characteristics in large models introduces significant risks, with autonomy being a core feature that also serves as a source of risk [3][4]. - Negative capabilities identified in large models include flattery, self-preservation, human impersonation, and the potential to disseminate dangerous ideologies and knowledge, including aiding in the synthesis of addictive substances and viruses [3][4]. Group 2: Governance Solutions - The development of the JADE platform by Zhang Mi's team aims to analyze and govern safety risks associated with large models, covering multiple dimensions such as text, multimodal, image generation, long reasoning models, and agent safety [4]. - The platform has demonstrated the ability to refuse to answer dangerous questions and provide positive guidance and suggestions after safety fine-tuning [4]. - The perspective that large models are neutral tools, with their moral implications depending on human usage and guidance, is emphasized as a key principle in their governance [4].

9月12日，国家金融监督管理总局修订印发《金融机构消费者权益保护监管评价办法》（以下简称《评 价办法》）。与此前版本相比，《评价办法》将金融租赁公司、养老保险公司等纳入评价范围。同时， 将评价要素调整为"体制机制""适当性管理""营销行为管理""纠纷化解""金融教育""消费者服务""个人信 息保护"7项。 金融租赁和养老保险公司被纳入评价范围 五是深化结果运用。明确金融监管总局及其派出机构应当根据消保监管评价结果，依法实施差异化监管 措施，对于评价结果较好的金融机构增加正向激励，对于评价结果较差的金融机构依法采取相应监管措 施。 金融教育宣传周活动即将开展 金融监管总局表示，《评价办法》的修订发布实施，有助于进一步健全完善行为监管制度体系，指导和 督促金融机构将金融消费者权益保护各项要求嵌入业务经营各环节、全流程，为人民群众提供更便捷、 更有温度的金融服务，切实提升金融消费者的获得感和满意度。 南都湾财社记者了解到，金融监管总局、中国人民银行、中国证监会将于2025年9月15日至21日联合开 展金融教育宣传周活动。金融管理部门各派出机构、相关行业协会、各类型各层级金融机构将以"保障 金融权益 助力美好生活"为 ...

Core Insights - After three months of deep adjustment, the sales of alcoholic beverages showed signs of recovery in August, with a 0.3% month-on-month increase in food, tobacco, and alcohol prices, contributing approximately 0.09 percentage points to the CPI increase [2] Group 1: Sales Performance - In August, the shipment volume of alcoholic beverages significantly improved compared to the previous three months, with some distributors reporting a 70% increase in replenishment demand from downstream customers [3] - The overall sales performance in August increased by 40% compared to July, with a notable rise in the sales of mid-range and mass-market products, particularly those priced below 300 yuan [3] - The recovery in sales was attributed to the active banquet market, including events like graduation and wedding banquets, which were more vibrant in August compared to July [3] Group 2: Market Trends - The recovery in sales was not limited to Guangzhou, as regions such as Zhejiang, Sichuan, Anhui, and Fujian also showed signs of improvement, with some areas recovering to about 70% of their sales levels from March and April [4] - Major companies like Luzhou Laojiao and Shede Liquor reported improvements in sales data in August, with Luzhou Laojiao indicating a slight increase in sales and manageable inventory levels [5] - Guizhou Moutai also signaled a recovery in August, with significant growth in terminal sales compared to the previous months, indicating a positive market outlook as traditional festivals approach [5] Group 3: Industry Outlook - Despite the positive signals in August, the overall white liquor market remains in a downward trend, with many brands experiencing year-on-year declines [6] - The upcoming Mid-Autumn Festival and National Day are expected to see a double-digit decline compared to last year, although there is cautious optimism regarding the potential for recovery in the long term [6] - Analysts believe that the financial performance of leading liquor companies will be a key signal for an industry turning point, with expectations for price stabilization and improved profitability in the coming years [6]

Core Viewpoint - China Export-Import Bank has been fined 1.3 million yuan due to inadequate country risk management and salary payment management, marking a total of over 20 million yuan in penalties this year [2][3][4]. Group 1: Regulatory Penalties - The recent fine of 1.3 million yuan is attributed to two main violations: inadequate country risk management and salary payment management [3]. - This year, China Export-Import Bank has received five fines totaling 22.95 million yuan, with previous fines including 2.15 million yuan for loan management issues and 18.1 million yuan for excessive credit issuance [4][5]. Group 2: Country Risk Management - The concept of country risk refers to the potential for losses due to political, economic, or social changes in a country that affect the ability of debtors to repay loans [3]. - The regulatory framework requires banks to effectively identify, measure, monitor, and control country risks, considering these risks when preparing for asset impairment [3]. Group 3: Financial Performance - The bank's financial performance has significantly declined, with a reported revenue of 10.303 billion yuan in the previous year, down 55.8% from 2023, and a net profit of 2.927 billion yuan, down 66.88% [6]. - Despite the decline in revenue and profit, the bank has improved its asset quality, achieving a decrease in both non-performing loan balance and non-performing loan ratio for three consecutive years [7].

| 信银理财有 范、理财产品投资比 | 理财产品名称不规 | 对信银理财有 限责任公司罚 | 金融监管总局 | | --- | --- | --- | --- | | 例不符合监管要求等 限责任公司 | | 款220万元 | | | 事项 | | | | 据金融监管总局信息，自2024年以来，信银理财已经两次被罚。2024年6月，据金融监管总局披露，信 银理财涉多项违法违规行为，被罚750万元，违法违规事实包括：一、信息披露不规范；二、理财业务 投后管理勤勉尽职义务履行不到位；三、单只公募理财产品持有单只债券超过净资产的10%；四、未以 公允价值计量相关理财产品投资的金融资产。 当日，华夏理财公告回应称，对于监管部门的上述处罚决定，公司诚恳接受、高度重视，已严格按照监 管意见，全面落实了整改工作要求。目前，公司理财产品运作有序、业绩稳健。下一步，公司将坚持举 一反三，持续强化业务合规管理，增强风险管控能力，切实维护投资者权益，为广大投资者提供更高质 量的金融服务。 据同花顺iFinD统计，2025年以来，已经有5家银行理财子公司收到金融监管总局罚单，其中交银理财、 中银理财、华夏理财被罚金额均超千万元，广银理 ...

Core Viewpoint - The company, Lianzhong (06899 HK), has disclosed its financial results after a year and a half of suspension, revealing a significant decline in revenue and an increase in losses for the mid-term of 2025 [1][5]. Financial Performance - For the mid-term of 2025, Lianzhong reported revenue of 43.236 million, a year-on-year decrease of 13.8% [1]. - The loss attributable to equity holders for the period was 38.161 million, representing a 93% increase compared to the previous year [1]. - The basic loss per share was 3.56 cents [1]. Operational Insights - The decline in revenue was primarily due to a decrease in average revenue per user (ARPU) in the Lianzhong game hall, despite stable performance in the mobile gaming segment [1]. - The increase in overall losses was attributed to higher sales and new product development expenses, as well as significant costs related to the company's resumption of trading and legal fees from a joint venture [1]. Corporate Governance Issues - The company faced delays in publishing its 2023 annual report due to concerns that the unaudited management accounts might not accurately reflect its financial performance [2]. - In May 2024, Lianzhong announced further delays in the 2023 annual report due to unresolved matters involving payments made by the former CEO to former directors [5]. - An internal investigation revealed that approximately 8.38 million was paid by the former CEO for legal fees and severance payments, which were not correctly recorded in the financial statements for the fiscal years 2021-2022 [5]. Suspension and Compliance - Despite resolving internal control issues, Lianzhong remains suspended from trading and will continue to be until it meets all resumption guidelines set by the Hong Kong Stock Exchange [7]. - The suspension has lasted for a year and a half, and if trading is not resumed by September 27, 2025, the company may face delisting risks [7].

Group 1 - Three banks in Dongguan have received approval for the appointment of their vice presidents, including Dongguan Rural Commercial Bank, Zheshang Bank Dongguan Branch, and China Everbright Bank Dongguan Branch [1] - The approval documents indicate that the vice president qualifications for Zheng Xuanjia of Zheshang Bank, Ye Yunfei of Dongguan Rural Commercial Bank, and Xin Wei of China Everbright Bank have been officially sanctioned [1][3][4] - Ye Yunfei has a comprehensive background in banking, having held various positions since 2000, including assistant to the president of Dongguan Rural Commercial Bank prior to his new role [1] Group 2 - The Dongguan Financial Regulatory Bureau emphasizes the importance of continuous learning and compliance with economic and financial laws for the newly appointed vice presidents [2][4] - The banks are required to ensure that the newly approved personnel report their appointment status within ten days of taking office, and failure to do so will result in the invalidation of the approval [3][4]

被罗永浩指责门店都是预制菜后，西贝再次发声。 西贝公开了罗永浩就餐期间13道菜品的制作过程，并称罗永浩消费的菜品不属于预制菜。 在西贝发布公开信之前，西贝创始人贾国龙表示西贝门店100%没有预制菜，将起诉罗永浩，并称餐饮 业近年来最大的冤案是认为西贝很贵，西贝的利润率不超过5%，愿意公开账目回应质疑。而罗永浩则 称，自己准备好了，"难受的肯定不是我"。胖东来创始人于东来则力挺西贝，他称，"任何事没有完 美……感谢西贝、海底捞等品牌企业可以让我找到相对放心可口吃饭的地方。" 西贝公开回应：罗永浩指责不实 13道菜品制作流程全公开 9月10日下午，知名企业家、微博大V罗永浩发布微博吐槽称，许久没吃西贝，结果他发现西贝几乎全 都是预制菜，"还那么贵，实在是太恶心了"。罗永浩表示，希望国家尽早推动立法，强制饭馆注明是否 用了预制菜。 9月12日，西贝发公开信称，其感谢罗永浩前来西贝就餐，并为西贝提意见、建议，但是作为有影响力 的公众人物，罗永浩对西贝的不实指责及不当用语，西贝坚决反对，绝不姑息。 随后，罗永浩的吐槽冲上微博热搜榜，引发广泛关注。 对此，西贝在公开信中表示，在罗永浩微博发出后，西贝团队复盘门店菜品出品质 ...

Group 1: Event Overview - The 2025 China International Service Trade Fair was held from September 10 to 14 at Shougang Park in Beijing, featuring over 30 enterprises from nine cities in Guangdong, showcasing innovations in artificial intelligence, digital entertainment, and digital technology [1][3] - The Guangdong delegation's theme was "Smart Guangdong, Innovative Future," highlighting the province's achievements and opportunities in high-quality service and digital trade [1] Group 2: Robotics Innovations - The "Robot Team" from Guangdong attracted significant attention, featuring the industrial-grade quadruped robot X7 developed by Guangzhou Shiyuan, capable of operating in extreme temperatures from -20°C to 40°C and carrying out inspections in various terrains [4][6] - The X7 robot has been deployed in practical applications such as urban patrols and factory security inspections, significantly reducing risks for personnel and improving operational efficiency [6] - Another showcased product was the integrated joint module robot from Yundeh Power, which can lift up to 20 kg and replace human labor in heavy lifting tasks within industrial settings [6][8] Group 3: Digital Trade and AI Empowerment - The Guangdong Service Trade Promotion Conference highlighted opportunities in digital trade, cross-border e-commerce, AI empowerment, and cultural export, emphasizing the potential of the Greater Bay Area as a new growth engine for service trade [9] - The conference promoted the fourth Guangdong-Hong Kong-Macao Greater Bay Area Service Trade Conference, which aims to facilitate cross-border cooperation in various professional fields [9] - The "Cross-Border E-commerce Global Warehouse Resource Information Platform" was introduced, providing streamlined services for e-commerce businesses and enhancing their global operations [10] Group 4: Digital Workforce - The "AI Agent Digital Employee" showcased at the event can complete tasks that traditionally take two hours in just ten minutes, demonstrating the efficiency of digital employees in various sectors [10] - Digital employees, based on RPA and AI technologies, can operate continuously and handle repetitive tasks, allowing human workers to focus on higher-value activities [11] - The promotion of the animated film "Pig Pig Hero: The Reversal of an Old Pig" was also highlighted, with plans for international distribution in ten languages, showcasing the potential for Chinese animation in global markets [11][13]

Group 1 - Maldives Airlines flight Q2340 from Male to Chengdu made an emergency landing in Dhaka, Bangladesh due to mechanical failure, resulting in many passengers being stranded [1][2] - The Chinese Embassy in Bangladesh activated an emergency mechanism to provide necessary consular assistance to Chinese passengers and coordinated with China Southern Airlines to increase capacity for their safe return [1][2] - Some passengers from the flight had already returned to China on September 11, while the remaining passengers were scheduled to return on the evening of September 12 [1][2] Group 2 - Passengers stranded in hotels expressed frustration over the lack of communication regarding their return flights, with over a hundred people still waiting for updates [2] - Chengdu Tianfu International Airport staff confirmed that a supplementary flight Q2340A from Dhaka to Chengdu had arrived on the morning of September 11 [2]