Core Insights - The recent executive appointments at Bosera Asset Management reflect a strategic shift aimed at addressing long-standing structural challenges within the company [1][3][4] Management Changes - Bosera Asset Management appointed Chen Yu as the new General Manager, effective November 11, following Zhang Dong's transition to Chairman on October 15 [1][2] - Chen Yu has a strong background in insurance and asset management, while Zhang Dong has extensive experience in banking wealth management, indicating a strategic blend of expertise [3][4] Strategic Intent - The leadership changes are seen as a clear indication of the controlling shareholder, China Merchants Group's, intent to integrate wealth management and asset management within Bosera [3][4] - The combination of Chen Yu and Zhang Dong is expected to create synergies that could help Bosera navigate the increasingly competitive public fund industry [4] Structural Concerns - Bosera is heavily reliant on fixed-income products, with over 65% of its assets under management in this category, raising concerns about its ability to compete in the equity investment space [5] - The company's enterprise annuity business has stagnated, with a decline in the number of annuity portfolios and total assets under management [5] Challenges Ahead - The new management team faces the urgent task of attracting and retaining top investment talent to ensure effective execution of their strategic plans [6] - Bosera must decide whether to continue focusing on fixed-income products or to invest resources in revitalizing its equity business amid industry changes [6] - The company has several ETF products in the pipeline, indicating a potential shift towards more diverse investment offerings [6] Mission and Future Outlook - The mission for Chen Yu and Zhang Dong extends beyond operational efficiency; it involves steering Bosera towards sustainable growth in a challenging market environment [7]

经济观察网中国期货业协会最新统计显示，1—10月全国期货市场累计成交量为73.47亿手，累计成交额 为608.84万亿元，同比分别增长14.86%和21.82%。期货市场运行总体平稳，成交额保持增长、品种结构 持续优化，服务国家战略和实体经济的能力不断增强。 ...

经济观察网据广州国际车展组委会消息，第23届广州国际汽车展览会将于2025年11月21日至30日，在中 国进出口商品交易会展馆举办。本届车展集中展出新车高度聚焦电动化和智能化，共有首发新车93台， 展车总数1085台，其中新能源车629台。 ...

Group 1 - Domestic brand gold jewelry prices have experienced a significant increase, with most brands' prices surpassing 1300 yuan per gram, and some leading brands exceeding 1310 yuan per gram, setting new price records for individual items [1] - Chow Tai Fook's gold jewelry price is fixed at 1313 yuan per gram, an increase of 5 yuan from the previous day [1] - Luk Fook Jewelry has also raised its gold jewelry price to 1311 yuan per gram, up by 1 yuan from the previous day [1] - Chow Sang Sang's price is set at 1309 yuan per gram, reflecting a slight increase of 1 yuan from the previous day [1] - Lao Miao Gold maintains its price at 1310 yuan per gram, consistent with the previous day's price, remaining above the 1300 yuan per gram threshold [1]

作为由《经济观察报》与香港管理协会共同主办的行业权威奖项，杰出品牌营销奖已走过二十余年历程，持续聚焦中国营销实践的创新与变革。本届年会 以"品牌经济与流量经济的碰撞"为核心议题，旨在挖掘具有行业代表性的价值案例，推动品牌竞争从"流量争夺"迈向"价值深耕"。 今年，经过两个月紧张而激烈的案例征集，我们共收到超200个案例报名，组委会从中遴选出共91个入围案例进入终审赛段。这些案例聚焦新场景、新应 用，以更巧的触角、更暖的视角，探索品牌内容与市场洞察的深度融合，实现品牌与流量的双向奔赴。 ▼查看终审入围案例 在这一背景下，本届终审会汇聚了来自学界、企业、品牌方与广告行业的权威专家，组成多元视角的评审阵容，共同甄选具有标杆意义的年度案例。 ▼右滑查看评委海报 白志伟 同程旅行CMO 余 龙 遥望科技副总裁 朱 磊 格力电器市场总监 终审评委阵容（排名不分先后）： 王咏静 《现代广告》杂志出品人、经观传媒总裁 文 钊 经济观察报执行总编辑 熊 伟 对外经贸大学国际商学院案例研究中心主任 万木春 《中国广告年鉴》（广州）编纂暨中国品牌高质量发展研究中心执行主任 马旗戟 中国商务广告协会数委会副理事长 徐 郢 合动力咨询 ...

经济观察网据央视新闻消息，联合国环境规划署11日发布报告，预计到2050年全球制冷需求达到现在的 三倍多，会进一步加剧全球变暖趋势和电网负担。为此，环境规划署呼吁采取更可持续的制冷方案，如 改进建筑设计、改善通风等。这份名为《全球制冷观察2025》的报告基于全球人口和财富增加、极端高 温天气增多等因素作出上述预测。报告预计，非洲和南亚的需求增长最快。 ...

据每日经济新闻报道，11月11日，软银集团宣布清仓"AI芯片霸主"英伟达股份，套现58.3亿美元（约合 人民币415亿元）。随后晚间，英伟达股价下跌，市值一夜蒸发千亿美元。 市场人士对孙正义清仓英伟达的看法存在分歧。一些分析师认为，孙正义的决定是明智的，反映了他对 市场风险的高度敏感。还有分析师认为，孙正义的减持行为可能是一个错误的信号，因为AI技术的长 期前景依然看好。 孙正义与英伟达的缘分始于2014年，当时深度学习技术尚处于实验室阶段，英伟达的GPU因并行计算优 势被研究者发掘，但彼时其股价低迷，更多投资者将其视为游戏显卡公司。 然而，孙正义却独具慧眼，将其锁定为"AI基础设施的基石"。据券商中国报道，2017年，软银以40亿美 元买入英伟达近5%的股份，成为其大股东之一。 但2019年，软银却选择以70亿美元清空全部持股，错失了英伟达从千亿市值飙升至4万亿美元的超级红 利。这次清仓也被孙正义称为"漏掉的大鱼"，"这是一个巨大的失误。" 2024年，软银重新建仓英伟达，持股价值达10亿美元，到2025年3月底，增持至30亿美元。然而，2025 年10月，软银再度全数卖出，获利58.3亿美元。这次离场正值 ...

郭嘉昆表示，巴基斯坦和阿富汗都是中国的近邻，我们一贯支持巴基斯坦和阿富汗发展彼此的双边关 系，共同维护地区和平稳定，中方将继续为此发挥建设性作用。 经济观察网据央视新闻客户端消息，11月12日，外交部发言人郭嘉昆主持例行记者会。有记者就巴阿局 势提问。 ...

郭嘉昆表示，你提到的有关官员今年以来一而再、再而三地发表抹黑中国的言论，散播虚假叙事，蓄意 挑动对抗。中方对此坚决反对，中方已向澳方提出交涉。我们希望澳方有关官员停止发表不负责任的言 论，多做有利于中澳关系健康发展的事。 经济观察网据央视新闻客户端消息，11月12日，外交部发言人郭嘉昆主持例行记者会。有记者问，澳大 利亚情报主管指责有黑客为中国政府工作。请问对此有何评论？ ...

Core Viewpoint - Increasingly, small and medium-sized banks are distancing themselves from partnerships with lending platforms, primarily due to compliance risks associated with internet lending practices [1][2]. Group 1: Changes in Collaboration with Lending Platforms - Many small and medium-sized banks plan to significantly reduce the number of lending institutions they collaborate with, retaining only a few top-tier platforms [1]. - Some banks have already begun to "cut off" lending business, with Urumqi Bank announcing the cessation of cooperative personal internet consumer loans as of October 1 [1]. - The implementation of the new regulations on internet lending has prompted banks to reassess their partnerships, leading to a trend of "cutting" lending business to mitigate compliance risks [1][2]. Group 2: Compliance Risks and Regulatory Environment - The new regulations have revealed that some lending platforms continue to offer loans with annual interest rates between 24% and 36%, raising concerns among banks about potential regulatory penalties [2]. - Banks are increasingly worried about compliance risks associated with lending platforms, leading them to wait for existing contracts to expire before discontinuing partnerships [2][3]. - Regulatory scrutiny has intensified, with banks facing detailed checks on compliance processes, including potential violations related to bundled services and hidden fees [3]. Group 3: Impact on Lending Business - The decision to cut lending partnerships has resulted in a significant drop in business volume for lending institutions, with reports indicating a decrease of over 20% in October [4]. - The success rate of loan collection efforts has also declined, with the M1 collection success rate dropping to 70%, leading to an increase in potential bad debt rates [4]. - As a result of these challenges, lending institutions are restructuring their risk management systems to focus on borrower repayment capabilities and intentions [4][5].