Core Insights - CP AXTRA, a subsidiary of CP Group, has partnered with Alibaba's Cainiao to develop advanced digital solutions for smart retail technology in Thailand and Southeast Asia [2][3] - The collaboration aims to enhance retail operations through the implementation of an intelligent Warehouse Management System (iWMS), significantly improving picking and packing efficiency in stores [2][3] - The partnership draws on China's advanced e-commerce ecosystem, adapting innovations to meet the unique needs of the Thai and ASEAN markets [2] Group 1 - CP AXTRA operates leading wholesale and retail brands "Makro" and "Lotus's" across 10 countries, with headquarters in Thailand [3] - The iWMS developed in collaboration with Cainiao has increased operational efficiency, with a reported 140% improvement in picking and packing efficiency after its full rollout in Makro stores [3] - An AI-based shelf display solution is also being developed to optimize in-store product visibility and accessibility for customers and pickers [3] Group 2 - CP AXTRA's CEO emphasized the importance of digital transformation and the decision to partner with Cainiao, stating that the best solutions should be prioritized regardless of origin [2] - Future plans include expanding digital logistics development into Malaysia and the Philippines, further enhancing the digital infrastructure in Southeast Asia [2]

Core Points - The "Initiative for Legal Taxation in the Micro-Short Drama Industry" was released by the Micro-Short Drama Committee, emphasizing the importance of legal taxation and integrity in business operations [1][2] - The initiative outlines four compliance directions for industry practitioners, focusing on tax responsibilities, financial management, compliance capability, and industry cooperation [1] Group 1 - The initiative clarifies tax responsibilities, prohibiting individuals from shifting tax obligations through "after-tax remuneration" and requiring companies to fulfill withholding obligations [1] - It emphasizes the importance of managing invoices and funds, discouraging practices like "yin-yang contracts" and private account payments to conceal income [1] - The initiative encourages companies to build systematic compliance capabilities and to resist malicious competition through tax evasion [1] Group 2 - The Micro-Short Drama Committee was established in January this year, with its inaugural ceremony held on October 27 [2] - The first chairman of the committee is Yang Zheng, Deputy Director of the Network Department of the National Radio and Television Administration [2] - The first batch of signatories for the initiative includes 22 major companies in the micro-short drama industry, such as iQIYI, Douyin, and Tencent Video [1][2]

薛慧如指出，预计2026年存款利率下移对净息差的正面贡献会逐步体现出来，净息差收窄幅度有望逐步 缩小。一方面，资产收益率进一步下降空间有限。从存量贷款重定价来看，今年LPR降幅显著缩小，存 量按揭利率也未再次批量下调。从新增贷款定价来看，LPR进一步下行空间有限。另一方面，高成本长 期限存款的到期重定价将带动负债成本下行，银行净息差有望筑底。 （编辑：杨井鑫 审核：何莎莎 校对：张国刚） 中经记者 郝亚娟 夏欣 上海 北京报道 10月29日，在惠誉看中国线下会议上，惠誉评级亚太区金融机构评级董事薛慧如表示，银行净息差有望 筑底，过去三年伴随着利率中枢的不断下移，银行的净息差和盈利能力持续下滑，这也是我们自2024年 以来行业展望为负面的主要原因之一。 ...

中经记者 杨井鑫 北京报道 金融黑灰产，即金融领域黑灰产业，指在金融领域以违法或者形式上不违法的方式获取不当利益的新兴 业态。主要涉及不正当反催收、不法贷款中介、恶意逃废债、非法办理退保理赔、虚假征信修复、非法 荐股等破坏金融管理秩序和侵害人民财产安全的行为。 （编辑：杨井鑫 审核：何莎莎 校对：张国刚） 2025年10月28日，北京金融监管局联合北京市检察院、中国政法大学发布《关于打击治理金融黑灰产的 联合倡议书》，倡议协同共享信息、联动健全机制、规范权益保护、压实主体责任、深化多方互动、恪 守合理维权底线、普及防范教育。呼吁协同多方力量，形成共治合力，营造清朗、安全、可信的金融生 态环境，构建多方联动的综合防治体系，遏制金融黑灰产蔓延，防范化解金融系统性安全风险。 倡议书称，当前金融领域面临着金融黑灰产蔓延的严峻挑战。金融黑灰产犹如隐藏在金融体系中的毒 瘤，不仅严重侵害人民群众和金融机构的合法权益，还对金融市场秩序和金融安全防线构成重大威胁。 ...

中经记者 钟楚涵 孙吉正 上海报道 10月28日，东方美谷·自然堂未来美妆城在上海奉贤正式首发。活动现场，未来美妆城、化妆品科学与 艺术展厅、工厂店以及自然堂新品同步首发。 上海市奉贤区委副书记、区长王益群在致辞中表示："当前，奉贤正深入贯彻落实中央关于'积极推进首 发经济''大力提振消费'的重要精神，全力服务上海国际消费中心城市建设。东方美谷·自然堂未来美妆 城不仅是我区工业旅游发展的标志性成果，更是'首发经济+文旅商体展'深度融合的生动实践。作为全 国唯一的'中国化妆品产业之都'，东方美谷已集聚了自然堂及其他一批国内外知名企业，形成了完整的 美丽健康产业链。 未来，奉贤将以打造'东方美谷'美丽大健康产业集聚区为抓手，全力打造企业创新发 展的'首选地'、功能集聚的'核心区'、能级提升的'新高地'。 " 自然堂方面表示，东方美谷·自然堂未来美妆城的成功首发，是上海市加快发展新质生产力、深化"五个 中心"建设在美丽健康产业的具体实践。通过"首发经济+文旅商体展"的深度融合，将产业优势转化为消 费动能与品牌优势，持续为东方美谷、奉贤区和上海"首发经济"与高质量发展做贡献。 （编辑：于海霞 审核：孙吉正 校对：翟军 ...

中经记者 钟楚涵 孙吉正 上海报道 近日，美容服务企业美丽田园医疗健康产业有限公司（以下简称"美丽田园"）宣布以12.5亿元的价格收 购上海思妍丽实业股份有限公司（以下简称"思妍丽"）100%股份。收购完成之后，美丽田园的经营规 模以及会员数量都将进一步提升。 连锁产业专家、和弘咨询总经理文志宏向《中国经营报》记者表示："美丽田园收购思妍丽根本原因是 想通过并购的方式来进行更快速的扩张。而思妍丽是国内美容行业中的一个中高端连锁企业，客群定位 和业务结构跟美丽田园的非常接近。并购完成之后，双方可以做很多协同和整合。" 并非首次收购 近日，美丽田园公告，以12.5亿元的价格收购思妍丽100%已发行股份。根据美丽田园公告，美丽田园 是中国美与健康连锁服务品牌，目前，美丽田园已经拥有高端美容服务品牌美丽田园、高端美容连锁品 牌贝黎诗、中医智能美养服务品牌奈瑞儿。2025年上半年，公司直营门店客流量达92万人次，直营门店 活跃会员规模为12万名。 在营收规模上，2022年至2024年，美丽田园营收分别为16.43亿元、21.53亿元、25.72亿元，净利润分别 为1.03亿元、2.16亿元、2.28亿元。2025年上半 ...

Core Insights - FAW-Volkswagen is set to achieve the milestone of producing its 30 millionth vehicle on October 30, becoming the first passenger car manufacturer in China to reach this achievement [1] - The company has evolved from a single brand and model in 1991 to a comprehensive lineup of 33 models across three brands: Volkswagen, Audi, and Jetta, including both fuel and new energy vehicles [1] - Volkswagen has played a significant role in transforming China's automotive market from a "scarcity era" to a "popular era" with its classic models like Jetta and Bora [1] - Audi has pioneered the high-end car market in China, introducing innovations such as the extended wheelbase A6 (C5) in 1999 and is now focusing on smart luxury vehicles with the launch of the Q6L e-tron [1] Brand Developments - The Jetta brand has transitioned from a classic model to an independent brand, emphasizing German quality, and is launching the new mid-size SUV VS8, which has gained popularity for its high-quality design and comprehensive safety features [2] - Jetta plans to establish a new company to accelerate its transition towards new energy and intelligent vehicles, with a goal to introduce four new energy models by 2028 [2]

0:00 10月28日，由新华社中国经济信息社与中国茅台共同主办的2025赤水河论坛在贵州茅台镇举行，近400 位中外酒企代表、驻华使节等齐聚，以 "天地位育" 为主题共探行业未来。论坛启动 "世界酒业高质量 发展促进行动"，20多家知名酒企联合发布《国际名酒赤水河宣言》，推动世界酒业的交流互鉴、共荣 共生，同时开设"中西酒香跨文明对话"等分论坛，为中外酒文化深度交流搭建平台。 ...

10月29日，中信建投证券党委书记、董事长刘成在2025金融街论坛年会上发表演讲。 刘成指出，"十四五"时期推动经济增长动力从过去的"土地—财政—金融"循环，向"产业创新—科技创 新—金融"的全新循环演进。 如何更好地去适配"产业创新—科技创新—金融"的循环？刘成建议，首先，坚持问题导向，进一步打通 金融支持科技创新的痛点、卡点。 刘成表示，政府和公共机构在科技金融领域的主要痛点，在于平衡早期投资风险和国有资本保值增值的 需求，平衡项目商业利益和对地区经济的正外部效应。而企业和市场机构的主要痛点，在于如何创新金 融供给，以适应新产业需求的特点，如何平衡短期资本回报与长期资金需求，如何与社会资本合作形成 良性循环。 其次，金融业要坚持开放导向，加快推动金融国际化和国际统一大市场的建设。最后，坚持数字导向， 推动实现数字化金融与数字化经济的融合统一。 （文章来源：中国经营报） ...

Core Insights - The Ministry of Transport reported a decline in fixed asset investment in transportation, totaling 2.6 trillion yuan in the first three quarters of 2025, a decrease of 4.17% compared to the same period last year, marking the second consecutive year of decline [1] - Investment in various transportation modes showed mixed results, with railways and highways seeing increases, while waterway and private investments declined significantly [1][2] - The highest peak of transportation investment occurred in 2023, with a record 2.8775 trillion yuan, reflecting a year-on-year growth of 5.6% [1] Investment Breakdown - In the first three quarters, railway investment reached 593.7 billion yuan (up 5.80%), highway investment was 1.78 trillion yuan (down 6.15%), waterway investment was 160.5 billion yuan (up 1.84%), and private investment was 82.9 billion yuan (down 15.06%) [1] - Highway investment, which constitutes 70% of total transportation fixed asset investment, is primarily driven by local government and construction enterprises, both of which are currently facing funding pressures [2] Economic Impact - The Ministry of Transport emphasized that the transportation sector's economic performance remains stable, contributing to employment, business stability, and market expectations, thereby providing robust support for economic and social development [2] - In terms of freight, the total freight volume reached 43.25 billion tons in the first three quarters, reflecting a year-on-year increase of 3.89% [2] Port and Passenger Traffic - Port cargo throughput increased by 4.6% year-on-year, totaling 13.57 billion tons, with container throughput growing by 6.3% [3] - The number of cross-regional passenger movements reached 50.6 billion in the first three quarters, a 3.1% increase year-on-year, with rail and civil aviation showing significant growth [3]