中经记者 曹学平 北京报道 9月9日，在2025年世界肺癌大会（WCLC）上，科创板创新药企百济神州（688235.SH）、百利天恒 （688506.SH）、迪哲医药（688192.SH）均有重要研究成果入选本年度大会口头报告。 目前，业界流传着"创新药、科创造"的说法，这或是仁者见仁、智者见智的表现。不过，一个无可争议 的事实是，在全球创新药审批最严苛的美国，目前已有9款国产创新药获得FDA（美国食品药品监督管 理局）批准上市。其中，科创板创新药企业百济神州、君实生物、迪哲医药3家企业共有4款产品获批。 科创板创新药企为什么能实现群体性创新突破？在百利天恒董事长朱义看来，科创板这种注册筛选机 制，能够很好地筛选出创新药企。 "相关数据表明，在科创板上市的创新药企品质总体好于纳斯达克(NASDAQ)市场；但和成熟企业相 比，创新企业从秉性上来看，由于创新才能创造未来，面临的不确定性和风险要高很多。所以，期待社 会、管理层对聚集创新的科创板上市企业表现出的波动性有更大的宽容度，并尽快、尽量扩充科创板的 通量和容量，极大促进新质生产力发展，创造更具竞争力和更美好的未来。"朱义向《中国经营报》记 者表示。 华安证券 ...

展望未来，中国银行研究院研究员梁斯认为，四季度对全年及"十四五"经济目标完成至关重要，预计增 量政策将同步推出，其中基建、房地产等重要领域有望迎来更多利好，受此带动，金融数据预计会回 暖。 冯琳也预计，未来央行会继续实施MLF、买断式逆回购加量续做，向市场注入中期流动性。同时，四 季度央行还将实施新一轮降息降准，届时今年新增信贷、新增社融都有望恢复一定规模的同比多增。 央行日前发布的数据显示，8月，人民币贷款增加5900亿元，同比少增3100亿元，环比多增6400亿元； 新增社融2.57万亿元，同比减少4630亿元，环比多增1.44万亿元。8月末，广义货币（M2）余额同比增 长8.8%，增速与上月持平，比上年同期高2.5个百分点。 在业界专家看来，8月M2增速和社会融资规模增速均保持在较高水平，为经济持续回升向好创造适宜的 货币金融环境。在行业景气恢复、出口延续韧性、暑期消费旺季以及惠民生、促消费等一系列政策带动 下，企业贷款、个人贷款增长双双提振。 对于8月新增人民币贷款恢复正增长的现象，东方金诚研究发展部执行总监冯琳表示，8月宏观经济景气 度有所回升，前期信贷透支和隐债置换的拖累效应减弱，以及房地产支持政 ...

穆长春在闭门会上进行主题演讲 中经记者 李晖 郑瑜 上海报道 数字人民币正步入发展关键阶段。 "数字人民币的试点取得很大进展，同时我们也发现货币体系中的一些新的变化，我们有必要从理论和 实践等方面进行改革和升级。"9月13日，中国人民银行数字货币研究所所长穆长春在2025Inclusion外滩 大会"金融科技新应用与央行数字货币创新发展"闭门会上表示。 从2014年至今，数字人民币经历了理论研究、闭环试点、开放试点三个阶段，已在批发零售、餐饮文 旅、教育医疗、公共服务等日常生产生活领域逐步推广。 穆长春当天在闭门会上发表题为《数字人民币理论与实践》的演讲。他指出，在宏观层面，目前数字人 民币作为中央银行直接负债，实行100%准备金。客户将资金存入钱包后，资金即回笼至央行。这就要 考虑经济越发展，就越要提高数字人民币的货币派生能力。在微观层面，商业银行承担钱包管理、资金 安全、支付服务及合规反洗钱等责任。 "数字人民币目前是央行的直接负债，应该考虑实现责权利一致。让老百姓和企业手握闲置不生息的资 产也会失去货币的时间价值。"他表示。 穆长春认为，为保障货币供应量与经济增长加上价格预期相适应，同时提升商业银行和用 ...

据悉，在中央金融管理部门的支持指导下，北京市持续优化金融营商环境，推进中关村科创金融改革试 验区等政策试点，率先在内地实现轨道交通全球外卡"拍卡过闸"，全国首创首发推出"支付+通信"创新 融合产品，组建全国首个商业航天共保体组织，成为AIC试点扩围扩大后的首个政策落地试点城市。落 地跨国公司本外币一体化资金池等50余项突破性政策，近200家中外资金融机构在京展业。2024年10月 至今，保德信保险资管公司筹建开业、法巴天星财险公司筹建、丰田收购北京盛唐保险经纪公司等事项 相继获批落地，高盛中国证券有限责任公司成为2025年北京首家取得基金销售牌照的外商独资证券公 司。北京市正全力打造首善标准、国际一流的金融领域"北京服务"品牌。 今年是"十五五"规划谋篇布局之年，也是进一步全面深化改革、推动中国式现代化行稳致远的关键一 年。北京市委金融办表示，后续将继续推动各金融机构不断创新金融服务和产品，打造更高水平的金融 领域"北京服务"品牌，营造国际一流金融营商环境，推动金融业高质量发展。 （编辑：李晖 审核：何莎莎 校对：颜京宁） 中经记者 许璐 李晖 北京报道 9月12日，由北京市委金融办主办的"2025年服贸会金 ...

Group 1 - The core viewpoint of the article highlights the acceleration of Chinese enterprises' globalization across various sectors, including new energy vehicles, lithium batteries, and cultural industries, with a significant increase in foreign direct investment (FDI) [1] - In 2024, China's FDI flow reached $192.2 billion, marking an 8.4% increase from the previous year and accounting for 11.9% of the global share, maintaining a position among the top three globally for 13 consecutive years [1] - By the end of 2024, China's FDI stock is projected to reach $3.14 trillion, continuing its trend of being among the top three globally for eight years [1] Group 2 - The "going out" strategy of Chinese enterprises has evolved into a "technology + brand + ecosystem" collaborative output model, characterized by high-end, diversified, and ecological features [2] - The "new three samples" (new energy vehicles, photovoltaic, and lithium batteries) are leading high-tech exports, transitioning from product trade to full industrial chain output [2] - Cross-border e-commerce continues to drive consumer exports, with Chinese brands dominating sectors such as clothing, electronics, and home goods [2] Group 3 - Professional services such as auditing, consulting, and legal services are increasingly accompanying enterprises abroad, creating an ecosystem synergy effect [3] - Companies are adopting a systematic decision-making framework for selecting overseas destinations, focusing on supply chain layout and customer demographics [4] - The "China +1" strategy is being employed to avoid trade barriers, with investments in regions like Southeast Asia and Mexico to mitigate high tariffs [4] Group 4 - Chinese enterprises are experiencing a significant increase in overseas mergers and acquisitions (M&A), with a notable rise in large transactions despite a slight decrease in the number of deals [5][6] - Emerging markets are becoming more active in cross-border M&A, with countries involved in the Belt and Road Initiative seeing increased investment [5] - The valuation expectations between buyers and sellers are narrowing, with quality targets being pushed to the market [5] Group 5 - The Chinese government is implementing a multi-layered policy system to support enterprises going abroad, including financial credit support and cross-border investment facilitation [7] - Various policy financial products have been introduced to address the financing challenges faced by small and medium-sized foreign trade enterprises [7] - Initiatives such as simplifying the ODI (Overseas Direct Investment) filing process and encouraging enterprises to participate in international exhibitions are part of the support measures [7]

Group 1 - The core strategy of BOE is the "Screen IoT" development system and sustainable development strategy, with a planned investment of 500 billion yuan in R&D and 5000 billion yuan in procurement over the next three years [2][6] - In the first half of 2025, BOE reported a revenue of 101.278 billion yuan, an increase of 8.45% year-on-year, and a net profit attributable to shareholders of 3.247 billion yuan, up 42.15% year-on-year [2][6] Group 2 - BOE is leveraging AI technology to enhance production efficiency and management models, establishing itself as a benchmark for "AI+" applications in the industry [3][4] - The company has launched its first AI factories, focusing on six application areas: production planning, material supply, manufacturing, quality management, energy optimization, and environmental safety [3][4] Group 3 - At the IPC conference, BOE showcased over 200 cutting-edge display technologies and collaborated with more than 20 ecosystem partners to present new products [5] - The company has established six strategic pillars for sustainable development, including open innovation, environmental sustainability, and win-win ecology [5] Group 4 - BOE maintains an operating cash flow of approximately 50 to 60 billion yuan annually, with capital expenditures and depreciation expected to peak in 2025 [6] - Since 2015, BOE has implemented cash dividends for ten consecutive years, with a total amount of nearly 22 billion yuan, and plans to distribute at least 35% of net profit as cash dividends annually [6][7]

Group 1 - The core viewpoint of the article highlights the acceleration of Chinese enterprises' globalization across various sectors, including new energy vehicles, lithium batteries, and cultural industries, with a significant increase in foreign direct investment (FDI) [1] - In 2024, China's FDI flow reached $192.2 billion, marking an 8.4% increase from the previous year, and accounting for 11.9% of global FDI, maintaining a position among the top three globally for 13 consecutive years [1] - By the end of 2024, China's FDI stock is projected to reach $3.14 trillion, continuing its trend of being among the top three globally for eight years [1] Group 2 - The current era of Chinese enterprises going global is characterized as "Outward Investment 3.0," emphasizing a collaborative output of technology, brand, and ecosystem, with a notable shift towards high-end, diversified, and ecological features [2] - The "new three" sectors—new energy vehicles, photovoltaics, and lithium batteries—are leading the high-tech export, transitioning from product trade to full industrial chain output [2] - Cross-border e-commerce continues to drive consumer exports, with Chinese brands dominating in clothing, electronics, and home goods, leveraging e-commerce platforms to reach global consumers [2] Group 3 - Professional services such as auditing, consulting, and legal support are increasingly accompanying enterprises abroad, creating an ecosystem of collaborative effects [3] - Companies are adopting a systematic decision-making framework for selecting overseas destinations, focusing on supply chain layout and customer demographics [4] - Strategies include avoiding trade barriers through a "China +1" approach, investing in resource-rich countries, and pursuing cluster effects by embedding in mature industrial areas [4] Group 4 - Chinese enterprises are experiencing a significant increase in overseas mergers and acquisitions (M&A), with a focus on emerging markets and larger transactions, while the valuation expectations between buyers and sellers are narrowing [5][6] - The total value of Chinese overseas M&A in the first half of 2025 has risen sharply, indicating a more concentrated structure and clearer strategic intentions [6] Group 5 - The Chinese government supports enterprises going global through a multi-layered policy framework, including financial credit support and cross-border investment facilitation [8] - Various financial products have been introduced to address the financing challenges faced by small and medium-sized foreign trade enterprises, along with services for cross-border M&A [8] - Initiatives to simplify the overseas direct investment (ODI) registration process and encourage participation in international exhibitions are also in place to enhance market access and service support for enterprises [8]

中经记者 杨让晨 石英婧 上海报道 （图为位于上海市徐汇区的宜家上海徐汇商场，也是宜家中国在中国大陆开设的第一家宜家商场。杨让 晨/摄影） 低价正成为宜家中国推行的主要价格策略之一。记者日前在宜家上海徐汇商场实地探访发现，从商场入 口两侧到门店内部的各区域陈设，均在醒目位置打出了"超值低价"宣传语。该商场是宜家中国在中国大 陆开设的第一家宜家商场，并在2021年和2025年先后进行了两次升级改造。 受房地产市场深度调整和线上消费兴起等因素影响，宜家中国也面临着一定的业绩压力。2024财年相关 数据显示，宜家中国市场销售额从上一财年的120.7亿元下滑到111.5亿元，同比减少近10亿元，较2019 年巅峰期的157.7亿元缩水近三成。 不过，宜家中国方面表示，未来，宜家在中国市场仍将坚持低价策略。宜家中国总裁兼首席可持续发展 官庞安泽在采访中表示："这是公司长期坚持的方向，希望能够为大众创造美好的日常生活，公司将通 过产品与服务来呈现，包括全渠道拓展。" 续打"低价牌" 低价，正成为宜家在中国市场突围的关键词之一。 相关数据显示，在过去的两个财年，宜家中国已累计投资6.73亿元，推出了更多低价产品。其中，20 ...

在分析北京的就业环境时，上述人士指出，北京在创新领域构建了良好的就业和职业发展生态。这里既 有开展大型企业应用创新、拥有超过1000家国家级专精特新企业的大型企业群体，也有大量活力充沛的 中小企业和民营企业。此外，北京还拥有34所"双一流"高校，占全国的1/4，科研院所密集，产教融合 优势突出。 随着人工智能的发展，人才生态正在发生深刻变化。未来，从整个人力资源服务体系的角度看，该人士 表示："要解决在AI驱动环境下迅速变革的人才生态问题，需要多方协同，这不是一两个机构能够完成 的。这涉及技术、教育和就业新生态等方面。只有做到学有所用，才能激发学习者的动力。同时，还要 应对传统高校和教育体系基础结构相对滞后的挑战。" 他建议，要推动产教融合，把技能提升和精准匹配作为三大支柱，联通企业、院校和求职者三方，构建 人才赋能蓝图。在这一过程中，人力资源服务机构应当仁不让，发挥生态促进者和"发动机"的作用。 （文章来源：中国经营报） 9月12日，在2025年服贸会"人力资源服务业产业融合与创新发展"大会上，智联招聘相关负责人透露， 北京求职者中硕士及以上学历占比为17.5%，位居全国第一。 该人士表示，北京在引领中国人 ...

哪吒汽车或将在破产重组期间继续营业。 2024年10月开始部分生产线停工，生存空间进一步受到挤压。与此同时，合众新能源亦通过主动降低运 营成本并启动E轮融资展开自救，但该轮融资以失败告终，成为了压倒骆驼的最后一根稻草。"管理人 方面表示，2024年至今的大量涉诉案件日益增多并冻结了哪吒汽车的银行账户，查封了名下资产，该情 况进一步引发连锁反应，加剧企业的资金链问题，最终导致公司经营未能走出困境，陷入资不抵债的破 产境地。 据了解，截至今年6月12日，哪吒汽车的账面资金仅为1545.91万元，库存车辆2238辆。 9月12日，哪吒汽车母公司合众新能源汽车股份有限公司（以下简称"合众新能源"）破产重整案第一次 债权人会议在线上召开。 《中国经营报》记者从获取到的会议材料中了解到，本次会议公布了哪吒汽车的债权确认、财产管理、 继续营业等多项事宜。 会议材料显示，目前哪吒汽车由浙江海浩律师事务所、浙江子城律师事务所、上海市君悦律师事务所组 成联合管理人（以下简称"管理人"）。 材料中，管理人方面对哪吒汽车破产的原因进行了分析：在行业价格战下，哪吒汽车未能形成差异化竞 争优势，同时大量涉诉案件查封资产加剧了资金链问题， ...