金融本质上是大数据产业 赵世磊指出，AI赋能下的金融科技仍处朝阳阶段，当前行业"活力"并非总量过剩而是结构性错配，强化 规则与生态赋能是支撑国家战略、提升产业韧性的关键。 本报（chinatimes.net.cn）记者付乐 北京报道 12月12日，由华夏时报社主办的第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛在北京成功 举办。 本届论坛以"活力与韧性拓新与赋能"为核心主题，由中央财经大学数字经济融合创新发展中心、华夏时 报金融思想荟、华夏时报金融研究院联合提供智力支持，意在回应时代之问，凝聚发展共识，探寻未来 路径。 国家发改委中宏金融智库专家委员会专家、贵州金控特聘专家赵世磊在会上表示，要拥抱金融科技，开 创金融新局面。金融的韧性源于活力，活力催生健全生态，而生态是金融安全的重要保障。在AI赋能 与产业升级的双重驱动下，金融科技将成为支撑国家战略、推动经济高质量发展的重要力量。 期融资体系薄弱，缺乏匹配的融资工具与服务模式，与成熟领域的"过热"形成鲜明对比。 构建可信智能金融体系 谈及产业韧性的实现路径，赵世磊强调，相比技术本身的迭代，强化规则与生态的"赋能"更为紧迫。他 认为，建设金融强国、推动人 ...

银行理财与保险资管双支柱作用显著 本报（chinatimes.net.cn）记者吴敏 北京报道 12月12日，由华夏时报社主办的第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛在北京成功 举办。 本届论坛以"活力与韧性 拓新与赋能"为核心主题，由中央财经大学数字经济融合创新发展中心、华夏 时报金融思想荟、华夏时报金融研究院联合提供智力支持，意在回应时代之问，凝聚发展共识，探寻未 来路径。 中国银行保险资产管理业协会党委委员、秘书长贺竹君发表致辞指出，我国大资管行业正步入发展黄金 期，银行理财与保险资管合计受托管理规模约70万亿元，已成为资本市场稳定运行的"压舱石"和实体经 济长期资金的重要供给者。 他强调，行业将持续聚焦服务国家战略、培育耐心资本与支持新质生产力。同期，协会完成更名换届， 标志着我国资管行业自律管理进入协同发展的新阶段。 重点投向国家重大战略、新质生产力及耐心资本领域 贺竹君特别介绍了保险资金服务国家战略与赋能新质生产力的进展。在重大战略领域，保险资金通过债 权、股权投资计划支持长江经济带、京津冀协同发展、大湾区建设等项目，登记规模超3万亿元；同时 加大对医疗健康、绿色环保、新能源、半导体 ...

Core Viewpoint - The 19th Huaxia Institutional Investor Annual Conference and Huaxia Financial (Insurance) Technology Forum was successfully held in Beijing, focusing on the theme of "Vitality and Resilience, Innovation and Empowerment" to explore future paths in response to contemporary challenges [2]. Group 1: Financial Technology in Insurance - Liang Xinxin, Deputy General Manager of Zhonghui Mutual Insurance, emphasized that technology is injecting new momentum into mutual insurance, transforming from "post-event compensation" to "pre-event intervention" through innovative products like "Hui Gan Bao" [2][5]. - The mutual insurance model is based on "mutual assistance," where similar risk groups share risks and benefits, aligning well with internet community concepts [3]. - Technology serves as a "community operator," enhancing member connection and operational optimization, while also improving trust and transparency through precise identification of risk groups and blockchain technology [3][4]. Group 2: Risk Management and Resilience - The company utilizes real-time data monitoring and risk warning systems to dynamically respond to risks, thereby enhancing resilience against potential threats [4]. - A dual system of "emotional support + substantial protection" is established through comprehensive health management services and interactive platforms [4]. Group 3: Expanding Insurance Services - Technology has redefined operational models and expanded the inclusive boundaries of insurance services, allowing for efficient coverage of segmented populations [5]. - Zhonghui Mutual Insurance has launched over 10 member mutual assistance projects, serving more than 2 million individuals across various demographics, including those with chronic illnesses and the elderly [5]. - The "Hui Gan Bao" product has been included in national research projects and pilot programs, demonstrating its innovative approach to health management [5]. Group 4: Member Services and Customer Experience - The company has upgraded its customer service solutions through technology, achieving a 97% online reporting rate and a 99% case closure rate within one day, showcasing high efficiency in claims processing [6]. - The "Smart + Mutual Assistance" dual-driven model has proven effective in enhancing innovation in protection services [6]. - The ultimate goal of financial technology is to serve public welfare, allowing members to participate in product optimization through feedback and governance mechanisms, fostering a "co-construction, co-governance, and sharing" ecosystem [6].

本报（chinatimes.net.cn）记者卢梦雪 北京报道 12月12日，由华夏时报社主办的第十九届华夏机构投资者年会暨华夏金融（保险）科技论坛在北京成功 举办。 本届论坛以"活力与韧性 拓新与赋能"为核心主题，由中央财经大学数字经济融合创新发展中心、华夏 时报金融思想荟、华夏时报金融研究院联合提供智力支持，意在回应时代之问，凝聚发展共识，探寻未 来路径。 在主题圆桌论坛上，来自银行、证券、信托、保险等领域的六位嘉宾，就金融科技如何深刻重塑行业生 态、驱动业务转型展开了深度对话。与会嘉宾重点探讨了金融科技在垂直领域深度融合的实践路径与未 来挑战，他们普遍认为，以大模型、人工智能为代表的科技突破正从"提质增效"的工具，演变为重构业 务模式、催生新质生产力的核心引擎。 技术的另一面是对风险的驾驭。他进一步指出，"我们通过全栈自研的新一代风险计量系统，将百万级 持仓的资本计算时间从6小时压缩至1小时以内，这是支撑我们国际业务敢于驶向'深水区'的技术底 气。" 这种对"效率"与"安全"双重极限的追求，在转型中的信托行业尤为突出。云南信托拟任副总裁贾岩表 示，在服务银行理财子公司、百亿级私募及头部券商等机构客户的过 ...

Group 1 - The core viewpoint of the article highlights the volatility of thermal coal prices in China, which saw a significant increase in the second half of the year after a decline in the first half, with prices reaching a peak of 834 yuan/ton before falling again [2][3] - As of December 10, the price of thermal coal at Qinhuangdao port was reported at 778 yuan/ton, reflecting a decrease of 52 yuan/ton from late November, indicating a downward trend in prices [2][3] - Analysts attribute the price decline to oversupply and low demand, with domestic coal production recovering and warmer weather delaying peak heating demand, leading to reduced coal consumption in thermal power generation [3][4] Group 2 - The market is characterized by a "旺季不旺" (旺季不旺) phenomenon, where prices are falling despite the typical peak season for coal demand [2][4] - Trade dynamics show that power plants are primarily maintaining essential purchases, with a significant drop in procurement volumes, while traders are hesitant to sell at lower prices, creating a stalemate in the market [4][5] - Coal inventories at major ports have been increasing, with a total of 66.72 million tons reported, indicating a surplus in supply and contributing to the downward pressure on prices [5][6] Group 3 - Experts believe that the likelihood of thermal coal prices dropping below 700 yuan/ton is very low, as demand for heating is expected to rise with incoming cold weather [6][7] - The supply side remains stable, with increased coal production from Xinjiang and limited supply gaps, while overall coal demand is still declining year-on-year [7][8] - The current price adjustment is expected to stabilize between 750 and 770 yuan/ton, with limited potential for significant rebounds above 800 yuan/ton in the near future [7][8][9]

Core Insights - The Ministry of Industry and Information Technology (MIIT) and the People's Bank of China have issued a notice to support the construction of green factories through green finance policies, focusing on projects that implement green low-carbon technologies as outlined in the "Green Finance Support Project Directory (2025 Edition)" [2] Group 1: Green Factory Construction - The initiative emphasizes accelerating the construction of green factories, aiming for the output value of green factories at national, provincial, and municipal levels to reach 40% by 2030 [3] - A gradient cultivation management approach for green factories will be established, optimizing the evaluation index system to enhance energy-saving and carbon-reduction potential [3] - The plan includes fostering a number of zero-carbon factories as part of the green factory development strategy [3] Group 2: Green Supply Chain Development - The initiative promotes the development of green supply chains, encouraging large enterprises to lead the transition through green procurement policies that increase the proportion of green factories among suppliers [3] - Services such as green diagnostics and supply chain finance will be provided to facilitate the green low-carbon transformation of upstream and downstream suppliers [3] - The exploration of carbon footprint management models within supply chains is encouraged, promoting data sharing on carbon emissions among enterprises [3] Group 3: Green Industrial Park Development - A plan for enhancing green industrial parks is to be implemented, focusing on the green transformation of high-tech zones and industrial parks [3] - The establishment of dual control management systems for carbon emissions within parks is supported, alongside the construction of green factories [3] - The initiative aims to cultivate a number of zero-carbon industrial parks as part of the broader green development strategy [3]

Core Viewpoint - The forum focused on the theme of "Vitality and Resilience, Innovation and Empowerment," aiming to respond to contemporary challenges and explore future pathways for development [2]. Group 1: Central Enterprises and Financial Integration - Zhao Zhao, Assistant President of Sinochem Capital, emphasized the importance of central enterprises (SOEs) in integrating industry and finance to empower the real economy, highlighting the need for innovative financial methods [2][3]. - The core of SOEs' financial integration lies in adhering to the service of the real economy, actively responding to national calls, and focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [2][3]. Group 2: Characteristics of Financial Licenses - SOEs are prioritizing the cultivation of financial licenses that can empower their main businesses, particularly in areas like industrial funds and financing leasing [2][3]. - The analysis pointed out that SOEs are also considering licenses with fewer restrictions on related transactions and lower capital consumption as important factors in their strategic layout [2][3]. Group 3: Core Competitiveness and Future Directions - Providing differentiated financial services along the industrial chain has become a key strategy for SOEs to build core competitiveness in their financial sectors [3]. - Zhao emphasized the need to prioritize compliance and risk prevention over mere scale, fostering a new pattern of high-quality development [3]. - The future focus for SOEs in financial integration will be on leveraging existing license capabilities and enhancing financial support for major strategies and key areas [3][4]. Group 4: Practical Exploration by Sinochem Capital - Sinochem Capital has engaged in various financial and service sectors, including trust, factoring, industrial funds, business services, and insurance brokerage, through controlling and participating in different entities [3][4]. - The company has established distinctive brands and advantages in areas such as securities services, inclusive finance, supply chain finance, and risk services, supporting the development of core industries like life sciences and petrochemicals [4]. Group 5: Commitment to Quality Development - The path of financial integration for SOEs is fundamentally about maintaining a commitment to political and social responsibilities while serving their primary business roles [4]. - Sinochem Capital and similar SOE platforms will continue to deepen financial collaboration, providing high-quality and empathetic financial services to support the high-quality development of the real economy and improve the lives of households [4].

Core Insights - The article highlights the increasing capital investment in humanoid robotics, with companies like Zhongqing Robotics successfully completing multiple funding rounds, indicating strong market interest and potential growth in this sector [2][3] Funding and Investment - Zhongqing Robotics has completed its A1+ and A2 funding rounds, attracting investments from a diverse array of sources, including national funds, local state-owned enterprises, and international capital [3] - Since its establishment in October 2023, Zhongqing Robotics has completed eight funding rounds, with significant amounts raised, including a total of 1 billion yuan from Pre-A++ and A1 rounds alone [3] - The company’s investor lineup includes prominent firms such as Huangpujiang Capital and Henan Investment Group, showcasing a robust support system for its operations [3] Product Development - Zhongqing Robotics has launched several humanoid robot products, including the T800, which stands at 1.73m and weighs 75kg, capable of advanced environmental modeling and AI path planning [5][6] - The T800 is priced starting at 180,000 yuan, significantly higher than the previously announced SA02 model, which starts at 38,500 yuan, indicating a strategic differentiation in product offerings [5][6] - The company aims to cover various market segments with its product matrix, targeting both commercial and consumer-level applications [6] Commercialization Strategy - Zhongqing Robotics emphasizes a "technology first, steady commercialization" strategy, focusing on product stability and adaptability through real-world testing before scaling up production [7] - The company is preparing for mass production, leveraging Shenzhen's advanced manufacturing ecosystem to enhance its operational efficiency and quality control [8] - A notable partnership with Duolun Technology aims to integrate humanoid robots into traffic management and law enforcement, with plans to procure at least 2,000 units over the next three years [8][10] Market Challenges and Opportunities - The humanoid robotics industry faces challenges in achieving widespread commercial viability, particularly in complex environments where current technology may not meet operational demands [9][10] - Despite these challenges, there is a recognized potential for humanoid robots in repetitive and high-risk scenarios within the transportation sector, suggesting a long-term growth trajectory [10]

Core Insights - The forum held by Huaxia Times focused on the theme of "vitality and resilience, innovation and empowerment," aiming to address contemporary challenges and explore future pathways [2] - Kunlun Wanwei's CEO emphasized that the frequency of AI application in various fields directly influences GMV growth and industry prospects, highlighting the importance of innovative content forms for the emergence of new platforms and super unicorns [2][3] Company Overview - Kunlun Wanwei, established in 2008, transitioned from a gaming-centric business model to a focus on AI, with significant revenue growth reported in 2025, achieving 5 billion yuan in revenue, with overseas income accounting for 53% and a year-on-year increase of 49% [3][4] - The company has developed a comprehensive global operation system, covering over 100 countries and regions, with 400 million monthly active users and 20 localized teams [3][4] Technological Innovations - Kunlun Wanwei has established a full-chain layout in AI, including AI Agent, AI music generation tools like Mureka, and AI social products such as Linky, showcasing its commitment to technological advancement [4][5] - The company is recognized for having one of the largest numbers of open-source SOTA models in the industry, having released China's first Chinese language training model in December 2022 [4] Cost Efficiency - The Mureka music model significantly reduces production costs, with the average cost of producing a song dropping from approximately 100,000 yuan to less than 0.1 yuan, indicating a potential transformation in the music and content industries [5][7] - AI-generated music videos presented at the conference demonstrated the ability to produce complete content at minimal costs, highlighting the disruptive potential of AI in content creation [5] Market Dynamics - The CEO acknowledged the existence of an "AI bubble," suggesting that such phenomena are typical in emerging industries and can attract investment and talent necessary for long-term growth [6] - The current state of the AI industry shows a disparity between market hype and the actual commercialization of products, with a need for innovative products that can reach a broader user base [6][7] Future Outlook - The emergence of new platform enterprises will depend on innovative content forms, which can create new channels and platforms, particularly in the B2B and C2C markets [7] - The anticipated reduction in production costs for animated films, such as the projected drop from 300 million yuan for "Nezha 2" to below 1 million yuan in the next three to five years, suggests a potential explosion in the content industry [7]

本报（chinatimes.net.cn）记者刘佳 北京报道 2026年货币政策权威方向，由中央经济工作会议正式定调。 12月10日至11日，中央经济工作会议在北京举行。会议分析当前经济形势，部署2026年经济工作，为全 年宏观调控划定核心方向。 会议指出，明年经济工作在政策取向上，要坚持稳中求进、提质增效，发挥存量政策和增量政策集成效 应，加大逆周期和跨周期调节力度，提升宏观经济治理效能。要继续实施适度宽松的货币政策。把促进 经济稳定增长、物价合理回升作为货币政策的重要考量，灵活高效运用降准降息等多种政策工具，保持 流动性充裕，畅通货币政策传导机制，引导金融机构加力支持扩大内需、科技创新、中小微企业等重点 领域。保持人民币汇率在合理均衡水平上的基本稳定。 在多位受访人士看来，此次会议为2026年经济工作定下"稳中求进、提质增效"的总基调，明确传递出宏 观政策将更加积极有力，以推动宏观经济实现"质的有效提升和量的合理增长"。 值得关注的是，关于总量型货币政策工具，会议将去年的"适时降准降息"调整为"灵活高效运用降准降 息等多种政策工具"，这一表述变化意味着降准降息仍是明年货币政策操作的可选项，同时强调灵活性 ...