Group 1 - The "Five-Five Shopping Festival" in Shanghai has generated a total offline consumption amount of 378.5 billion yuan, with an average daily consumption of 6.76 billion yuan, reflecting a year-on-year growth of 10.0% [1] - The introduction of "shopping district consumption vouchers" has significantly boosted sales, with a total sales amount of 530 million yuan driven by these vouchers, achieving a leverage effect exceeding 5 times [4] - In May, Shanghai's total retail sales of consumer goods reached 151.67 billion yuan, marking a year-on-year increase of 7.5%, with growth in categories related to shopping districts such as textiles and high-quality food [4] Group 2 - The retail sales in monitored shopping districts increased by 2.1% year-on-year from January to May, with 15 districts exceeding a 10% growth rate [7] - The customer traffic in key monitored shopping districts grew by 8.5% year-on-year, indicating a strong recovery in consumer activity [7] - The upgrade of the "Jinji North Life Plaza" to "Jin Qiao Ri Yue Guang Center" signifies a strategic move to enhance regional commercial capabilities, aligning with Shanghai's urban development plans [8] Group 3 - The upcoming "Shanghai Summer" international consumption season will introduce various vibrant activities and themed products, aiming to enhance the consumer experience across different districts [9] - Each district is set to create unique consumption scenarios, such as "Binhai Cruise + Consumption" in Baoshan and "Night Economy + Automotive Life" in Putuo, to attract more visitors and boost local economies [9] - The Shanghai Municipal Commission of Commerce emphasizes the importance of developing top-tier shopping districts to enhance the city's competitiveness and urban profile [9]

第三项测试是货币体系抵御非法活动的完整性。这一要求源于以下认知：若货币体系易受欺诈、金 融犯罪和其他非法活动广泛滥用，则无法赢得社会信任，也无法经受时间考验。 BIS在报告中指出，稳定币未能满足货币的单一性、弹性和完整性测试。从单一性而言，作为数字 无记名工具，稳定币缺乏央行提供的结算功能。稳定币持有量标注着发行方名称，类似19世纪美国自由 银行时代流通的私人银行券。因此，稳定币常以不同汇率交易，破坏单一性，也无法满足银行发行货 币"不问缘由"的原则。 稳定币旨在作为进入加密生态的入口，承诺相对于法定货币（绝大多数是美元）保持稳定价值，并 运行于公共区块链。公共区块链的匿名性（用户身份隐藏在地址背后）虽能保护隐私，却也便利了非法 活动。缺乏传统金融体系的"了解你的客户"（KYC）标准，更加剧了这一问题。稳定币的无记名性质使 其流通无需发行方监督，引发对其用于洗钱、恐怖主义融资等金融犯罪的担忧。尽管稳定币需求可能持 续，但BIS认为其在货币体系层面的完整性测试中表现糟糕。 在全球热炒稳定币的当下，有着"央行的央行"之称的国际清算银行（BIS）给稳定币"祛魅"。BIS在 近日发布的年度经济报告中指出，稳定币在代币 ...

6月26日，A股三大指数集体下跌，沪指收报3448.45点。个股普遍收跌，银行板块逆势领涨，汽车、非银金融板块则 跌幅居前，均超1%。 受访人士告诉记者，近日大金融板块的大幅拉升，显示出机构大资金正在大举入场，成为稳定市场的基石。当前A股 市场具备继续上行的动力。不过，后续走势的持续性仍需密切关注经济基本面的复苏力度、政策面的支持力度以及资金面 的变化情况。 技术性回调 26日午后，A股走低。沪指收跌0.22%报3448.45点，创业板指收跌0.66%报2114.43点。科创50、沪深300、上证50、北 证50均收跌。个股跌多涨少，共计1621只个股收涨，涨停股72只；3609只个股收跌，跌停股3只。沪深两市全天成交额合 计15831.78亿元。 31个申万一级行业板块中，8个板块飘红，主要是石油石化、有色金属等周期板块。银行板块涨幅超过1%；通信、国 防军工板块表现突出，中光防雷、实达集团、楚天龙均涨停；中科海讯、国瑞科技、北方导航、中光学、长城军工等6只 个股收涨。计算机板块微涨，但有7只个股涨停，包括信安世纪、科创信息、延华智能、吉大正元、捷顺科技等。 "此次调整符合震荡市下的技术性回调特征，未现恐慌 ...

公开信息显示，近75%的中国人面临亚健康困扰，推动全民健康管理至关重要，但老百姓能用的工具很有限：每天有超2亿人次在网上搜索健康问题， 但广告鱼龙混杂、内容真假难辨，公众亟需更专业的医疗健康信息和服务。 为助力解决这一难题，蚂蚁集团在6月26日全新发布AI健康应用"AQ"，围绕百姓看病就医刚需、健康管理痛点，提供健康科普、就诊咨询、报告解读、 健康档案等上百项AI功能，还能高效连接全国超5000家医院、近百万医生、近200个名医AI分身等专业医疗服务。 蚂蚁集团副总裁张俊杰介绍，AQ具备"问答更专业、服务更全面、健康更懂你"三大特点。咨询病症时，多数人不知道如何准确表述症状，AQ可模仿真 人医生进行追问，一步步引导用户提供必要信息，最终给出更准确全面的健康建议。遇到复杂报告、皮肤问题、药盒、病历等，用户也可以拍照问。以皮肤 拍照为例，支持千亿参数视觉语言识别的AQ，能精准分辨50种常见皮肤疾病并提供健康建议。 值得一提的是，中国工程院皮肤领域专家廖万清院士团队、胸外科领域专家王俊院士团队也领衔全国近200位三甲名医，已在AQ上线了"AI分身"，7×24 小时"坐诊"为用户答疑解惑。为了方便长辈用，AQ还在名医 ...

五大板块领航，规模阵容创历届新高 今年大会"钻"得更深，既钻技术之"理"，也钻时代之"问"。来自30余个国家和地区的1200余位嘉宾已确 认参会，其中汇聚图灵奖、诺贝尔奖等共计12位国际顶尖奖项得主，80余位中外院士，以及多个国际顶 尖实验室代表，构成历届之最的知识共创阵容。 再过30天，上海黄浦江畔将再次迎来全球目光。 6月26日，2025世界人工智能大会暨人工智能全球治理高级别会议（WAIC）召开倒计时30天活动，正 式发布大会主题与主视觉，系统介绍各项筹备进展。媒体注册、采购团组与观众报名通道同步开启，这 场全球人工智能盛会正式进入冲刺阶段。 大会以"智能时代 同球共济"为主题，围绕"会议论坛、展览展示、评奖赛事、应用体验、创新孵化"五 大核心板块加快推进，汇聚全球智慧，展现中国方案。 上海市经信委人工智能处处长潘焱介绍称，大会展览展示面积首次突破7万平方米，800余家企业集中亮 相，3000余项前沿展品即将展出，涵盖40余款大模型、50余款AI终端产品、60余款智能机器人以及80 余款"全球首发"或"中国首秀"的重磅新品，规模创历届之最。 2025世界人工智能大会首度提出"WAIC City Walk ...

Core Viewpoint - Yangmei Chemical Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund transactions as required by regulations, following fund occupation by its former controlling shareholder, Huayang Group [1][3][4] Group 1: Company Investigation and Changes - The CSRC has issued a notice of investigation against Yangmei Chemical due to the failure to disclose non-operating fund transactions, which stemmed from Huayang Group's occupation of the company's funds [3][4] - Yangmei Chemical announced a proposed name change to Shanxi Luan Chemical Technology Co., Ltd. (stock abbreviation "Luhua Technology") and plans to increase its stake in Yangmei Chemical by 0.09% [1][3] - The change of controlling shareholder from Huayang Group to Luan Chemical Company has been completed, with Luan Chemical now holding 24.19% of Yangmei Chemical's shares [4][5] Group 2: Financial Performance - Yangmei Chemical's revenue from 2022 to 2024 was 17.036 billion, 13.621 billion, and 10.895 billion yuan, reflecting year-on-year declines of 9.08%, 20.05%, and 20.01% respectively [7] - The net profit attributable to shareholders for the same period was 70 million, -1.366 billion, and -681 million yuan, indicating consecutive losses in 2023 and 2024 totaling 2.047 billion yuan [7] - In Q1 of the current year, Yangmei Chemical reported revenue of 2.34 billion yuan, a year-on-year decrease of 15.11%, and a net loss of 140 million yuan, marking a significant increase in losses [8] Group 3: Industry Context - The chemical industry is currently facing low demand and price volatility, leading to significant pressure on Yangmei Chemical's operating performance [6][8] - The average ex-factory price of urea, one of the company's main products, has decreased by 14.6% year-on-year, contributing to the challenges faced by the company [8] - The entry of the new controlling shareholder is seen as a potential catalyst for accelerating the company's industrial transformation [5]

IPO日报注意到，斯坦德由多位哈工大校友创立，受到小米智造、博华资本、蔚来资本等知名机构的青睐，但尚未盈利，研 发投入占比连续下滑。 AI制图 创业团队来自哈工大 斯坦德是一家工业智能移动机器人解决方案提供商，致力于赋能多种工业场景中的智慧工厂，最初由王淮卿及天使投资人罗 鸿在2016年6月创立，分别持股90%、10%。 斯坦德机器人（无锡）股份有限公司（下称"斯坦德"）于6月23日正式向港交所递交申请，冲刺港股"工业具身智能第一股"， 中信证券和国泰君安国际担任联席保荐人。 2017年4月，时隔不到一年，王淮卿将持有的公司48.21%股份以1元/股的价格分别转让给现实控人王永锟、李洪祥以及股权激 励平台斯坦德自动化，得到101万元多的现金。 本次上市前，王永锟、李洪祥等代表的控股股东成员共同拥有及控制公司30.9%的投票权。其中，王永锟为斯坦德董事长、 执行董事、首席执行官（CEO），李洪祥为该公司执行董事兼首席技术官（CTO）。 需要指出的是，王淮卿、王永锟、李洪祥等创始团队均来自哈尔滨工业大学。 王淮卿2014年毕业于哈尔滨工业大学机器人研究所，获得硕士学位，随后成立了斯坦德；但是四年后，王淮卿离开斯坦 ...

Core Viewpoint - Zhongda An Co., Ltd. plans to issue up to 42.04 million A-shares to Xiamen Jianxi, raising a maximum of 366 million RMB, resulting in a change of control to Xiamen Jianxi, which will hold 23.08% of the shares and have Wang Li as the actual controller [1][3][4] Group 1: Share Issuance and Control Change - The share issuance will allow Xiamen Jianxi to become the controlling shareholder of Zhongda An, with Wang Li as the new actual controller [3][4] - Prior to this issuance, the controlling stake was held by Licheng Holdings and its partner, with a combined voting power of 19.13%, which will decrease to 14.72% post-issuance [3][4] - The share price for the issuance is set at 8.70 RMB per share, with the total funds raised expected to be used for working capital and debt repayment [4][5] Group 2: Business Strategy and Financial Health - Zhongda An aims to expand its operational scale, enhance market share, and optimize business layout, focusing on high-quality development across various sectors including energy and construction [4][5] - The company has a high debt ratio of 71.05% as of March 31, 2025, indicating reliance on bank loans for financing [5] - The company has experienced fluctuating revenues and net profits from 2020 to 2024, with net profits showing three consecutive years of losses [9] Group 3: Recent Acquisitions and Risks - Recent acquisitions include a 100% stake in Tongxin Tonghe and a 51% stake in Disen New Energy, with significant valuation increases noted [7][8] - The company faces risks related to goodwill impairment, with goodwill values decreasing over the years and potential future impairments impacting financial performance [10]

近期召开的2025陆家嘴论坛释放出新一轮高水平对外开放政策利好，上海作为国际金融中心的枢纽功能 进一步强化，为金融创新和企业融资提供了新的机遇。在此背景下，一场以"基于银行业'资源禀赋'的 中国民营中小微企业供应链金融的创新模型与前沿探索"为主题的研讨会于近日在复旦大学举行。 与会专家认为，中国民营中小微企业供应链金融，以银行业为主要提供者，以中小微企业为服务对象， 以技术进步为支撑，顺势应变，为中国式金融发展提供了一个独特内容，也为世界金融业提供了一个值 得关注的中国样本。 复旦大学国际供应链金融研究中心主任陈祥锋教授、澳大利亚麦考瑞大学供应链管理学教授及国际运输 与物流学会澳大利亚新南威尔士州（CILT-A NSW）主席Peter Shi、赞同科技股份有限公司首席技术官 蒲云、咨询服务管理合伙人蔡俊杰等中外专家和业界大咖参加会议并进行了深入探讨。 供应链金融的由来 陈祥锋教授指出，自上世纪60年代起，中国企业的发展经历了"制造为王""渠道为王"和"现金为王"三个 阶段，2020年至今已进入"数据为王"的时代。 赞同科技国际科研负责人明熙博士系统阐释了其团队发表于全球权威学术会议"第51届国际计算机与工 业 ...

Group 1: Sherwin-Williams Company - Sherwin-Williams, founded in 1866 and headquartered in Cleveland, Ohio, is a global leader in the paint and coatings industry, operating in over 120 countries with more than 64,000 employees [2] - In China, Sherwin-Williams focuses on industrial coatings, with products including industrial wood coatings, general industrial coatings, packaging, coil and profile coatings, automotive, and heavy-duty protective and marine coatings [2] - The company has established four modern production bases and four specialized laboratories in China, employing approximately 1,600 local staff to meet the diverse needs of the Chinese market [2][5] - Sherwin-Williams has transitioned from being a mere product supplier to a participant and promoter of industry standards, having established the first odor evaluation center in the industry and collaborated with various organizations to promote relevant group standards [2][5] - The company has witnessed Shanghai's growth and has participated in the construction of several landmark projects, benefiting from strong support from local government [5][6] - Looking ahead, Sherwin-Williams aims to deepen its regional layout in China, focusing on customer-centric solutions to enhance its market leadership [6] Group 2: LEGO Group - LEGO Group is set to open the largest LEGO theme park in the world, the Shanghai LEGO Resort, on July 5, which has garnered significant public interest [7] - The company has established over 400 retail stores across China, including eight flagship stores and five benchmark stores, focusing on immersive, customized, and scenario-based brand experiences [9] - LEGO has actively engaged in various promotional activities in Shanghai, including the "LEGO World Play Festival" and collaborations with local events to enhance brand visibility [11] - The company has launched 29 new products inspired by Chinese culture during the China International Import Expo, demonstrating its commitment to integrating with local culture [11][12] - The success of the expo has facilitated LEGO's transition from an exhibitor to an investor, exemplified by the establishment of the Shanghai LEGO Resort project [12]