借助服贸会这一国际性窗口，潮玩公司不仅向世界秀出了中国原创潮玩的创新力量，也生动展现了中国 文化创意产业蓬勃发展的新气象。这不仅为潮玩行业注入了更强的文化自信，也为其迈向全球市场开启 了更多新的可能。 潮玩"天团"C位亮相 泡泡玛特首次作为独家潮流文化品牌合作伙伴参展服贸会，于现场设立两大展台。在1号馆，泡泡玛特 重点展出了LABUBU、星星人等热门IP产品；而在9号馆，泡泡玛特则重点展出了MOLLY这一爆款IP。 泡泡玛特并于户外特别设置以星星人为主题的大型装置艺术打卡点，为参展观众提供了更创新多元的互 动体验。 泡泡玛特在1号馆首次以甜品屋为灵感，将IP融入梦幻般的甜品装饰之中。今年服贸会期间，观众不仅 能够大饱眼福，还可以现场品尝。本报记者注意到，现场诸多观众排队购买。 值得关注的是，在服贸会的各个角落，一款红色的袋子引人注目。不少观众购买了Letsvan奇梦岛的 WAKUKU系列产品，手提袋成为场馆内一道流动的风景线。今年服贸会期间，Letsvan奇梦岛重点展出 WAKUKU、SIINONO、又梨等核心IP。因明星带货推荐，WAKUKU成为全场焦点，不少观众专程前来 打卡、询价与购买，现场人气火爆。 ...

Core Viewpoint - Recent interest rate cuts by state-owned banks have prompted many small and medium-sized banks to follow suit, particularly focusing on three and five-year fixed deposit rates, which have generally fallen below 2% with a reduction of 10 to 20 basis points [2][3][4] Group 1: Interest Rate Adjustments - Several village banks in regions such as Zhejiang, Jilin, and Guangdong have announced reductions in deposit rates, with declines of 10 to 20 basis points [3] - For instance, Zhejiang Shengzhou Ruifeng Village Bank has lowered its one and two-year fixed deposit rates by 20 basis points to 1.15%, while three and five-year rates have decreased by 10 basis points to 1.3% [3] - Jilin Longtan Huayi Village Bank and Changyi Yuyin Village Bank have also reduced their three and five-year fixed deposit rates by 20 basis points, bringing them down to 1.75% and 1.7% respectively [3] Group 2: Market Reactions and Trends - The stock market's recent performance has led some investors to shift their focus from high-interest deposits to equities, questioning the effectiveness of high-yield large-denomination certificates of deposit (CDs) as a tool for attracting deposits [2][8] - High Zhengyang, a researcher, noted that while the stock market's appeal is growing, low-risk investors still prefer deposits as a key asset allocation choice, indicating that high-yield large-denomination CDs may still play a positive role in attracting deposits [2][9] Group 3: Large-Denomination CDs - In response to the declining interest rates, several banks have introduced large-denomination CDs with annual rates exceeding 2%, such as Baixin Bank's 2.1% two-year CD and Su Bank's 2.2% three-year CD [6] - The attractiveness of these large-denomination CDs has diminished due to the stock market's performance, with some depositors expressing a preference for investing in stocks instead [8][9] - Despite the challenges, large-denomination CDs are still being consumed relatively quickly, particularly among clients looking for stable returns [9] Group 4: Long-term Strategies - Experts suggest that while high-yield large-denomination CDs can temporarily alleviate deposit pressure, banks should not overly rely on them and should focus on enhancing customer loyalty through differentiated services [10] - The need for banks to reduce their dependence on high-interest deposits and improve service capabilities is emphasized for sustainable growth [10]

消息发布后，二级市场反应剧烈。9月10日，上海电力股价跳水跌停，次日却大幅反转，股价低开后反 弹，截至9月11日收盘，公司股价报22.01元/股，上涨5.87%，总市值达620亿元。过去60日内，公司股 价累计涨幅150.68%。 本报（chinatimes.net.cn）记者李佳佳 李未来 北京报道 2025年9月9日，上海电力股份有限公司（下称"上海电力"，600021.SH）召开第九届董事会第五次会 议，审议通过了《关于终止并核销巴基斯坦KE公司股权收购事项的议案》，同意公司终止本次重大资 产购买事项。 据悉，公司原计划以现金方式收购KES POWER LTD.（下称"KES能源公司"）持有的KE公司（全称"K- ELECTRIC LIMITED"）66.40%股份，可支付对价为17.70亿美元，并视标的公司经营情况给予交易对方 或其指定方奖励金合计不超过0.27亿美元。 之后，这个事情基本被搁置了。据公司披露，2020年至今，公司根据项目需要陆续开展技术、财税补充 尽调，并持续跟踪项目情况。自2017年3月21日至2025年8月20日，上海电力按照相关规定每30日披露一 次交割进展的公告，并对交易因电 ...

Core Insights - The China International Fair for Trade in Services (CIFTIS) is showcasing advancements in health and medical services, emphasizing the integration of AI and healthcare [2][6] - The event features nearly 2,000 enterprises and highlights the urgency of developing a new service trade framework in China [2][6] Industry Developments - The health and medical services section at CIFTIS has attracted global top medical institutions and technology companies, presenting innovations in AI, high-end imaging, and precision diagnosis [2][6] - The launch of the National AI Application Pilot Base in the medical field aims to accelerate the incubation of AI products, making AI-assisted diagnostics more accessible to grassroots medical institutions [6][7] Company Innovations - GE Healthcare's MaxElite+ PET/CT device utilizes third-generation zero-noise digital detection technology, improving imaging speed by approximately three times while reducing the dosage of contrast agents by about 50% [3] - United Imaging's uMRJupiter, a 5T MRI, offers advanced diagnostic capabilities for neurological conditions, surpassing the previous 3.0T standard [4] - Philips' ElitionAI+ MRI integrates AI imaging technology, achieving a 64-fold acceleration in scanning while maintaining high image quality and reducing noise [5] Market Trends - The "Healthy China 2030" strategy and rapid technological advancements are creating unprecedented opportunities in China's health and medical industry [6][9] - The emergence of innovative service models, such as the Tianjin Pengruili Hospital, reflects the growing openness of China's medical service market to foreign investment [7][8] Future Outlook - The integration of AI, big data, and cloud computing is expected to enhance the intelligence and efficiency of medical equipment and services, promoting a more personalized and internationalized healthcare landscape [9]

本报（chinatimes.net.cn）记者张玫 北京报道 融通基金日前发布公告称，公司副总经理兼权益投资总监邹曦卸任其所管理的全部4只基金产品。 这位融通基金的元老级人物，离任原因在公告中被简称为"内部调整"。 一位业内知情人士向《华夏时报》记者表示，邹曦已经工作24年了，管理公募基金近18年，拉长时间来 看，其近13年年化回报7.56%，他年纪大了，因"个人原因"心生退意。 管理规模缩水 据融通基金公告，邹曦卸任的产品包括融通行业景气混合、融通领先成长混合、融通产业趋势精选和融 通中国风1号灵活配置混合。 邹曦是公募行业少有的超长服役老将，投资经理年限近18年。他于2001年2月加入融通基金，是这家成 立于2001年的基金公司的第一批校招毕业生。从行业分析师、研究部总监到权益投资总监，邹曦陪伴融 通基金走过了24个年头，是市场上长期专注于周期股投资的基金经理之一。 据天天基金数据，邹曦代表产品融通行业景气A在2012年7月3日至2025年9月6日的管理期间，累计回报 达161.32%，年化回报7.56%。该基金在2019年凭借对周期股的把握获得87%的年度回报，曾跻身同类前 列。 接任团队已确定 融通基 ...

截图自龙佰集团官网公告 本报记者 李未来 北京报道 因为一场事故，钛白粉龙头龙佰集团（002601.SZ）一家子公司被停业整顿。 9月8日晚间，龙佰集团发布公告，称9月2日晚，全资子公司龙佰襄阳钛业有限公司（下称"龙佰襄阳"） 硫酸生产线发生一起安全事故，2025年9月5日，当地应急管理部门下发的《现场处理措施决定书》，责 令"暂时停业整顿"。公司表示，龙佰襄阳已按照政府有关要求进行有序停产，全面排查安全隐患。 9月9日，《华夏时报》记者拨打龙佰襄阳办公室电话，对方称只负责招聘，当记者询问事故情况时，对 方表示"你说的事我不清楚"。记者就相关问题向龙佰集团发送采访提纲，但截至发稿之日尚未收到回 复。 龙佰襄阳是龙佰集团重要子公司，2020年、2021年、2022年和2024年累计分红11.65亿元，今年3月20日 又派发现金1亿元。 重要子公司 钛白粉的主流生产方式有两种：硫酸法和氯化法。这两种方式龙佰集团兼而有之。硫酸法钛白粉生产工 艺相对传统，其主要原料包括钛铁矿/钛精矿和浓硫酸。龙佰襄阳的硫酸生产线属于原料生产。 根据企业环境信息依法披露系统，龙佰襄阳的工艺为硫酸法钛白粉生产，拥有80万吨/年硫磺制酸装 ...

本报（chinatimes.net.cn）记者帅可聪 北京报道 2025年9月11日，A股三大指数集体大涨，上证指数涨逾1%至3875点，创业板指飙升逾5%站上3000点， 创三年多来新高。A股沪、深、京三市全天总成交额达2.46万亿元，全市场逾4200只个股收涨。 多家机构仍对后市保持积极乐观。方正证券分析认为，多重积极利好因素决定了中国资本市场长期向好 的趋势不会改变，包括经济中长期向好态势不变、A股估值较低权益资产性价比突出、上市公司质量稳 步提升夯实微观基础、分红回购不断增加提高投资者回报、耐心资本持续流入助力市场健康发展等。 巨丰投顾投资顾问总监郭一鸣向《华夏时报》记者表示，A股当前仍处于牛市途中的震荡阶段，市场机 会与风险并存。对于投资者而言，核心策略在于"等待明确信号、把握结构机会、严控短期潜在风险"， 不可盲目追涨短期涨幅过大标的，要耐心等待板块轮动中的低吸机会。 三大指数收于全天最高点 "今天市场真是涨的人心里发慌。"9月11日，随着A股市场再度大幅走强，一位资深投资人士如此表 示。 当天，A股三大指数开盘涨跌不一，盘初一度小幅下探，随后集体震荡上扬，三大指数最终悉数收于全 天最高点位。 截 ...

Group 1 - The core contradiction behind both "anti-involution" and supply-side reform is structural imbalance between supply and demand, leading to decreased capacity utilization, falling prices, declining corporate profits, and increased economic downward pressure [2][3][4] - Industrial capacity utilization in China has significantly declined, from 76.8% in Q4 2013 to 72.9% in 2016 before supply-side reform, and from 77.4% in Q4 2021 to 74.0% by Q2 2025 during the anti-involution phase [2][3] - The Producer Price Index (PPI) has experienced prolonged negative growth, with a record 54 months during the supply-side reform and 34 months during the anti-involution period, starting from October 2022 [2][3] - Corporate profits have declined, with industrial profits dropping by 1.8% year-on-year in the first seven months of 2025, marking a profit margin low of 5.15%, lower than during the supply-side reform [3][4] Group 2 - The macroeconomic environment differs significantly between the two phases, with the anti-involution period facing more severe demand shortages due to population decline and a downturn in the real estate market, while the supply-side reform period had resilient demand [6][7] - In the anti-involution phase, real estate investment, sales area, and government land transfer income saw declines of 12.0%, 4.0%, and 4.6% respectively in the first seven months of 2025, indicating a prolonged downturn [7] - The anti-involution phase has a broader industry coverage, affecting upstream, midstream, and downstream sectors, including new fields like "new three samples" and platform economies, unlike the supply-side reform which focused on traditional industries [8][9][10] Group 3 - The reasons behind the two phases differ, with supply-side reform primarily driven by excess capacity from previous stimulus policies, while anti-involution is influenced by a range of macro and industry factors, including deep adjustments in real estate [13][14] - The anti-involution phase is characterized by rapid technological updates and a lack of established industry structures, leading to a unique dilemma where companies must continue investing despite short-term losses to maintain market share [17] - The implementation paths also vary, with supply-side reform focusing on traditional industries and utilizing administrative measures, while anti-involution emphasizes legal and market-based approaches to regulate competition [18][20][21]

在增强资本要素服务实体经济的能力方面，围绕支持重点领域和薄弱环节，设立了支农再贷款、支小再 贷款、碳减排支持工具、科技创新和技术改造再贷款、消费和养老再贷款等。截至2025年二季度末，碳 减排支持工具累计引导金融机构发放碳减排贷款超过1.38万亿元。通过绿色再贴现、金融机构绿色金融 评估等手段，强化对金融机构支持绿色发展的激励，支持银行与企业签订科技创新和技术改造贷款金额 2.2万亿元，累计支持近2万家科技型中小企业实现首贷，有效激发了技术要素创新活力。新增1000亿元 支农支小再贷款额度，更好支持相关领域的融资。截至2025年二季度末，绿色贷款余额约42.4万亿元， 绿色债券余额超过2.2万亿元，这两个指标在全世界位于前列；普惠小微贷款、科技贷款都比去年同期 增长12%以上，养老产业贷款同比增长43%，均高于整体贷款增速。 在引导各地深化区域金融改革上，这次开展要素市场化配置综合改革试点的10个地区中，多个地区开展 了人民银行牵头推动的区域金融改革工作。比如，北京、杭州、合肥进行了科创金融改革，重庆、广州 深化绿色金融改革，宁波、成都深化普惠金融改革等，形成了一系列可复制可推广的经验。 "在优化要素市场化配 ...

钱美君/文 人工智能（artificia lintelligence，AI）的出现是宇宙演变的偶然事件还是必然结果？这个问题在人类永 不泯灭的话题中——我们来自哪里又去向何方——再添广袤领域。人类是发现了还是创造了人工智能？ 而它又将我们带向何方？仰望星空，我们惊叹宇宙的神秘和广袤，但它并非静止的画卷，而是一部不断 动态演化的史诗。想象将这138亿年的演化史诗压缩进一本书，而且全书逻辑一致、证据自洽：从最初 的奇点大爆炸、元素锻造，到恒星诞生、行星形成，再到生命萌发、演化出能够思考自身起源并试图揭 开造物主神秘面纱的人类并最终发现或试图创造新的智能生命。我们不仅是宇宙的孩子，更是其故事的 续写者。《超智能与未来：宇宙进化、科技趋势与人类未来》一书站在这个无与伦比的宇宙视角，审视 我们的漫漫来路，进而理解宇宙史诗下一个正在展开的篇章——人工智能。这不是一本关于算法和算力 的技术书，而是一次穿越时空，关于宇宙、生命和智能本质的跨学科哲思探险。 跳出技术喧嚣，本书引领您探讨驱动恒星形成、生命涌现和智慧产生的底层规律，也就是宇宙圈、生物 圈和技术圈演进中的共性特征。这些演进规律是否正同样驱动着人工智能的出现和未来发展 ...