由三亚市人民政府主办，《财经》杂志、财经网、《财经智库》、三亚中央商务区管理局、三亚经济研究院 承办的"三亚·财经国际论坛暨第五届三亚财富管理大会"12月27日在海南三亚举行，主题为"海南自贸港未来定位 及三亚新机遇"。 12月27日，香港中文大学（深圳）公共政策学院副院长、香港国际金融学会主席肖耿在大会上表示，海南自 贸港可借鉴中国香港国际金融中心的发展经验，构建现代金融聚集区。 肖耿指出，海南封关目前主要针对货物，金融开放刚刚起步。要发展离岸贸易与投资，金融体系必须相应适 配。中国香港成熟的离岸金融制度生态体系正是海南可学习的榜样。海南可尝试通过"双总部"模式，允许在中国 香港的金融机构到海南设立第二总部，并适用中国香港的监管条例，从而将中国香港的金融生态优势快速嵌入海 南，助力其金融领域追赶全球其他自贸港。 以下为部分发言实录： 这套制度生态体系营造出一整套的金融产品，各司其职。比如说股票就是高风险高回报，债券风险低一些收 益也更低，银行贷款跟股票又不一样，它的风险由银行在相当长的一段时间内及广泛的客户群中消化吸收。 为什么需要讲中国香港的经验？因为海南作为一个自贸港，可以借鉴中国香港这个世界领先自由港 ...

Core Insights - The traditional methods of consumer engagement are becoming obsolete as Generation Z gains more influence, leading companies to adapt to new consumer demands for personalized and unique experiences [1][3] - The shift from standardized products to flexible customization is evident, with businesses focusing on tailored experiences rather than a one-size-fits-all approach [1][3] - Companies are increasingly recognizing the importance of value co-creation and social responsibility as key drivers for sustainable growth in the evolving market landscape [7][9] Industry Trends - The restaurant industry is witnessing a trend towards unique and innovative dining experiences, with brands like Haidilao and Domino's Pizza introducing new concepts and collaborations to enhance customer engagement [3][4] - Health-conscious products are gaining traction, with brands like Nayuki and Yuanqi Forest redefining the health beverage market by focusing on clear nutritional benefits [4][5] - The dairy and condiment sectors are exploring new marketing strategies, leveraging popular culture and collaborations to enhance brand visibility and consumer connection [5][6] Company Innovations - Nayuki's "Slim Green Bottle" has sold over 20 million cups since its launch, establishing itself as a symbol of health consumption [4] - Mengniu's low-temperature yogurt factory in Wuhan has been recognized as the world's largest single-unit low-temperature yogurt factory, showcasing the company's commitment to production efficiency [8] - The collaboration between brands and cultural events, such as Mengniu's marketing efforts linked to the film "Nezha 2," highlights the importance of storytelling in modern marketing strategies [5][6] Social Responsibility - Companies like Yili are actively engaging in social initiatives, such as the "Golden Crown 50°C Extraordinary Guardian" program, aimed at addressing infant nutrition challenges in underserved regions [8] - The emphasis on sustainability and social responsibility is becoming a core aspect of brand identity, with companies like Bawang Tea and IKEA China recognized for their contributions to ESG (Environmental, Social, and Governance) efforts [8][9]

Core Insights - Chery Group has achieved significant sales milestones, exporting 136,700 vehicles in November 2025, marking the seventh consecutive month of exports exceeding 100,000 units, with an average of one vehicle exported every 25 seconds [1][4] - The company is shifting its strategic focus from merely selling cars globally to becoming a "global value creator," expanding its R&D, manufacturing, and management capabilities internationally [1] - Chery's dual strategy of "new energy + new fuel" has driven substantial growth, with total sales reaching 272,600 vehicles in November, including 116,800 new energy vehicles, a 50.1% year-on-year increase [2][3] Sales Performance - In the first 11 months of the year, Chery's cumulative sales reached 2,561,400 vehicles, a year-on-year increase of 11.1%, with new energy vehicle sales hitting 814,700 units, a 69.4% increase [2][4] - The Chery brand alone sold over 1.54 million vehicles, while the Jetour brand sold 574,000 units, making it the only Chinese brand to exceed 2 million cumulative sales in seven years [2] Global Expansion - Chery's global strategy is evolving from "product output" to "brand and ecosystem export," with a focus on localizing production and establishing a strong international presence [6][7] - The company has established 16 production bases and thousands of dealerships worldwide, creating local jobs and contributing to local economies [6] Technological Advancements - Chery has made significant investments in R&D, with expenditures projected to reach 9.243 billion yuan by 2024, reflecting a commitment to innovation and technology development [10] - The company has developed industry-leading technologies, including a hybrid engine with a thermal efficiency of over 48% and a solid-state battery with a density of 600Wh/kg [8][9] Market Position and Future Outlook - Chery's strong performance has attracted positive attention from capital markets, with several institutions issuing "buy" ratings based on its growth potential in both export and new energy sectors [11][12] - The company is well-positioned to leverage its early advantages in export markets and technological partnerships to achieve sustained growth [12]

近日，派林生物发布公告称，此前公司已披露相关收购协议及控制权拟变更的提示性公告，中国生物技 术股份有限公司与公司控股股东共青城胜帮英豪投资合伙企业（有限合伙）签署了《收购框架协议》， 胜帮英豪拟将所持公司21.03%股份转让给中国生物。近期双方签署了《股份转让协议之补充协议》。 若本次权益变动实施并完成，公司的控股股东及实际控制人将发生变更。中国生物将成为公司的控股股 东，中国医药集团有限公司将成为公司的实际控制人。 （派林生物公告） ...

Group 1 - Goldman Sachs maintains a "buy" rating for SenseTime, setting a 12-month target price of HKD 3.53, based on the company's technological advantages in generative AI, product innovation, and market potential [1] - Goldman Sachs predicts that the revenue contribution from generative AI will reach 91% by 2030, with an expected EBITDA of RMB 205 million turning positive by 2026 [1][4] Group 2 - SenseTime has launched several new generative AI products, including Seko 2.0, "Xiao Huan Xiong 3.0" office AI, and "Ru Ying" marketing AI, which enhance content generation capabilities and demonstrate significant cost advantages [2][3] - The Seko 2.0 product features a proprietary real-time video generation architecture, LightX2V, which can reduce production cycles for episodic content by 80%-90% compared to traditional methods [2] - The "Xiao Huan Xiong 3.0" office AI can generate high-quality PPTs and process large-scale data in seconds, with Goldman Sachs forecasting the office software market to reach USD 17 billion by 2030, driven by generative AI functionalities [3] - The "Ru Ying" marketing AI enhances operational efficiency in live e-commerce through a matrix of agents, automating backend processes and improving data analysis efficiency by six times [3] Group 3 - Goldman Sachs employs a two-stage DCF model and 2026 EV/Sales ratio to assess SenseTime's long-term growth potential, indicating a 73% upside from the current stock price [4] - By the first half of 2025, the revenue contribution from generative AI is expected to reach 77%, with a significant increase to 91% by 2030, highlighting the strong growth driver for SenseTime's future performance [4] - The EBITDA is projected to turn positive in 2026 at RMB 205 million, with further growth to RMB 1.119 billion by 2027 [4]

根据《公司法》等有关法律法规和《公司章程》的有关规定，邮储银行董事会同意聘任芦苇为该行行 长，其任职资格尚待国家金融监督管理总局核准，芦苇自取得国家金融监督管理总局任职资格核准之日 起就任该行行长。自芦苇任职之日起，姚红不再代为履行行长职务。芦苇不从该行领取薪酬。 芦苇，男，1971年出生，获澳大利亚迪肯大学会计硕士学位。历任中信银行总行营业部党委委员、副总 经理，总行计划财务部总经理、财务会计部总经理、资产负债部总经理、香港分行筹备组副组长，总行 董事会秘书、阿尔金银行筹备组副组长，深圳分行党委书记、行长，总行公司业务总监，党委委员、副 行长，中信信托党委书记、总经理、副董事长、董事长，中信银行党委副书记、执行董事、行长等职 务。现任中国邮政集团有限公司党组成员、副总经理及邮储银行党委书记。 近日，邮储银行（601658）发布公告称，该行董事会收到刘建军的辞职报告。刘建军因达到法定退休年 龄，辞去该行执行董事、行长、董事会社会责任与消费者权益保护委员会主席及委员、董事会战略规划 委员会委员及董事会提名和薪酬委员会委员职务。刘建军的辞任自2025年12月26日起生效。 ...

报告认为，在国家政策护航和多方协同发力下，2025年国内企业声誉整体形势向好，但也存在挑战和压 力。2025年影响企业声誉管理十大负面因素包括生产经营管理中的硬伤、企业家舆情处置能力短 板、"黑公关"手段迭代升级、行业概念定义与阐释不当、"受害者"心态和舆情"零负面"目标、上市公司 混淆信息披露与情况通报、滥用"法务公关"灵药、虚假宣传盲目追求销量转化、年轻一代冲击传统声誉 管理策略、地缘政治博弈激烈等。 具体来看，报告提出，企业声誉攻防战从"明战"转向"暗战"，手段愈加升级。有的粉丝群体搞"饭圈 化"围攻，有的MCN机构和大V充当"黑嘴"，借测评之名拉踩企业，甚至在新品上市节点集中发难。这 种不断突破底线的"黑公关"手段，使企业疲于应付，耗费大量资源，声誉管理陷入"黑洞"。 12月29日，中国传媒大学媒介与公共事务研究院发布《2025-2026年度企业声誉影响因素研究报告》 （以下简称"报告"）。报告通过对国际局势、社会形势、市场走势以及热点舆情事件的持续观察研究， 对企业声誉影响因素进行综合分析，并对2026年影响企业声誉的十大因素作出预测。 此外，地缘政治博弈激烈，加剧企业海外声誉管理复杂性。报告指出， ...

本次融资由兴湘资本领投，瑞鹏象屿基金跟投，本轮融资募集资金将主要用于推动公司商业化开拓与全 新产能建设落地，加速人类健康与动物健康双平台的研发创新、技术迭代与市场拓展。易凯资本在本轮 融资中担任了瑞芬生物的独家财务顾问。 近日，北京瑞芬生物科技股份有限公司（以下简称"瑞芬生物"）宣布完成亿元级C轮融资。 瑞芬生物创立于2007年，始终追求"更纯净的天然"、"更高效的天然"、"对地球更友好的天然"，致力于 成为全球健康产业值得信赖的天然来源创新伙伴，努力推动天然原料的可持续发展，助力"碳中和"战 略，重新定义天然，赋能全域健康，为食品、饮料、营养保健品行业企业提供创新、便捷的、且"兼具 口味、功能、营养、外观和成本"的一体化解决方案。 ...

Core Viewpoint - The current liquor industry, particularly the baijiu sector, is undergoing a deep adjustment period, which presents both challenges and opportunities for companies like Wuliangye [1]. Group 1: Market Research and Strategy - Wuliangye Group's Chairman, Zeng Congqin, led a market research initiative in cities such as Hanzhong, Xi'an, Yinchuan, and Lanzhou [1]. - The company aims to scientifically balance five key relationships: "short-term and long-term," "supply and demand," "existing and incremental," "co-construction and sharing," and "development and safety" [1]. Group 2: Collaboration and Support - Wuliangye emphasizes the importance of working closely with distributors to create a shared destiny and mutual success [1]. - The company is committed to optimizing policies and enhancing service capabilities to ensure that core products maintain a balance between volume and price [1]. Group 3: Focus on Distributor Returns - Wuliangye is dedicated to ensuring that distributors receive reasonable returns, aiming to foster a harmonious and symbiotic relationship within the industry [1].

Core Insights - The 17th Entrepreneur Annual Conference, hosted by Chuangye Heima, focused on the theme "Intelligent Revolution - Crossing the Gap to Become a New Species," gathering AI industry companies, unicorns, and passionate entrepreneurs to create a collective leap in business civilization [1] Group 1: AI Community Initiatives - Chuangye Heima launched nine AI communities, including Embodied Intelligence Community and Medical AI Community, aiming to bridge academia and industry, facilitating the commercialization of AI technologies [3] - The establishment of the Global AI Young Scientist Community was initiated by Chuangye Heima's founder and several young scientists from prestigious universities, emphasizing the importance of AI in future scientific advancements [2] Group 2: Recognition and Awards - The conference announced the "2025 Annual Investors" and "2025 Annual Entrepreneurs," recognizing key figures in the investment and entrepreneurial sectors, highlighting their contributions to the AI landscape [4] - The "2025 Annual AI Investors" list was also revealed, showcasing influential investors who are shaping the AI investment landscape [9] Group 3: Industry Insights and Trends - Investors discussed the evolving AI investment landscape, emphasizing the importance of practical applications over mere technological advancements, with a focus on sectors like Physical AI and AI+Healthcare [6][11] - The potential of commercial space and embodied intelligence was highlighted, with predictions of significant growth in these areas over the next five years [7][10] Group 4: Entrepreneurial Strategies - Entrepreneurs were advised to focus on real scenarios and user experiences, avoiding the pitfalls of overvaluation and blind pursuit of trends, while maintaining a balanced approach between optimism and caution [6] - The importance of integrating AI into traditional industries was emphasized, with examples of companies successfully transitioning to tech-driven models during challenging times [7][12] Group 5: Debates and Discussions - A debate on whether technology determines scenarios or vice versa provided insights into the dynamic relationship between technological advancements and market needs, highlighting the necessity for both to evolve together [14]