无人机送生鲜到社区，医疗机跨区运急救药，植保机巡田防治病虫害……眼下，低空经济正以前所 未有的速度融入生产生活各领域，成为激活经济增长的新动能。但伴随着产业的加速发展，技术隐患、 运行风险、责任纠纷等新考验也逐渐凸显。 8月29日，全国首个低空经济共保体（以下简称"低共体"）成立大会暨项目签约活动在重庆举办。 19家低共体成员单位签署合作协议，人保财险代表低共体发布倡议书，低共体成员单位与16家单位完成 项目签约，为被保险人提供6115万元的风险保障。 在业内人士看来，低空经济的安全发展离不开保险护航，但当前保险供给与产业需求仍存在适配差 距。此次低共体的成立，既是保险业整合资源、提升承保能力的创新尝试，也为破解低空经济风险保障 难题提供了新路径。未来，保险业还需在产品定价、行业标准、人才储备等方面持续突破，让保险真正 跟上低空经济的发展节奏。 低空经济"飞稳"催生保险需求 低空经济是依托通用航空、无人机、低空飞行器等装备，在距地面1000米以下的低空空域开展生 产、服务、消费等活动的经济形态，小到无人机物流配送、植保作业，大到低空旅游、应急救援、城市 空中交通，都在其覆盖范畴内。其中，无人机产业规模约占低空 ...

事实上，保险机构"瘦身"并非新鲜事，这一趋势已持续五年有余。据不完全统计，2020年至2024 年，被裁撤的保险公司及分支机构数量分别为980家、2196家、3020家、2065家和2012家。 今年以来，保险公司裁撤分支机构数量又出现明显增长。具体来看，被裁撤的分支机构主要以人身 险公司为主，主要为支公司和营销服务部。地域分布上，撤销机构多集中于县域及三四线城市。 大量裁撤分支机构的背后，是保险行业在数字化转型、精细化成本控制以及市场需求深刻变化等多 重因素驱动下的主动选择。 金融监管总局保险许可证信息机构退出列表显示，截至8月28日，今年以来，全国保险机构已撤销 分支机构和服务部等基层网点2153家，新设机构仅254家，净减少1899家。从2020年以来，合计已经超 过1万家网点被撤掉。 一方面，视频理赔、人工智能（AI）核保等数字化服务渗透率持续突破，不仅提高了保险服务的 效率，也让消费者更倾向于在线上购买保险产品，减少了对线下分支机构的依赖。另一方面，运营成本 高昂是不可忽视的因素。据估算，保险公司传统线下网点的年均运营成本普遍超过百万元，一些三级、 四级基层机构，保费规模和险种结构难以承担这种运营成 ...

Core Viewpoint - The performance of major consumer finance companies in China shows a mixed trend, with some experiencing significant growth while others face declines. The newly implemented personal consumption loan subsidy policy is expected to provide new growth opportunities for these institutions. Group 1: Company Performance - Ant Consumer Finance reported a revenue of 10.041 billion yuan and a net profit of 1.460 billion yuan for the first half of 2025, marking year-on-year increases of 67.77% and 57.84% respectively, with total assets reaching 306.47 billion yuan by the end of June [1] - Industrial Bank Consumer Finance achieved a net profit of 868 million yuan in the first half of 2025, a remarkable year-on-year growth of 213.43% [2] - Bank of China Consumer Finance reported a revenue of 3.681 billion yuan and a net profit of 150 million yuan for the first half of 2025, showing a year-on-year revenue increase of 2.8% and a turnaround from a net loss of 306 million yuan in the previous year [2][3] - China United Network Communications' subsidiary, China United Consumer Finance, saw a decline in revenue and net profit, with figures of 7.899 billion yuan and 1.504 billion yuan respectively, representing year-on-year decreases of 14.77% and 13.34% [3] Group 2: Policy Impact - The Ministry of Finance, the People's Bank of China, and the financial regulatory authority jointly issued a personal consumption loan subsidy policy, which aims to stimulate consumption and support economic growth [4] - The four major consumer finance companies, including Ant Consumer Finance, China United Consumer Finance, Industrial Bank Consumer Finance, and Bank of China Consumer Finance, are included as eligible institutions for the subsidy, which is expected to enhance their business development momentum [4][5] - Experts believe that the subsidy policy will work in conjunction with other consumption-boosting measures to invigorate market activity and unleash consumer potential [5]

Core Insights - The overall development trend and business structure changes in the financial leasing industry are becoming clearer with the disclosure of operating data for the first half of 2025 by various financial leasing companies [1] Industry Overview - As of June 30, 2025, the total balance of financing leasing contracts in China reached approximately 25,200 billion yuan, a slight increase of 10 billion yuan or 0.04% from the end of the previous year, with the total business volume accounting for 46.46% of the entire financing leasing industry [2] Company Performance - Major bank-affiliated financial leasing companies dominate the industry, with 14 companies forming a "billion yuan club." For instance, Guoyin Financial Leasing reported total assets of 4,177.27 billion yuan, while Huaron Financial Leasing and Everbright Financial Leasing exceeded 1,500 billion yuan in total assets [4] - In the first half of 2025, Guoyin Financial Leasing achieved an operating income of 14.664 billion yuan, a year-on-year increase of 7.7%, and a net profit of 2.401 billion yuan, up 27.6% [6] - Jiangsu Financial Leasing's leasing assets reached 1,490.83 billion yuan, growing 15.73% from the beginning of the year, with a net profit of 1.564 billion yuan, reflecting a 9.04% increase [6] Business Strategy and Innovation - Companies are actively transforming their business models. For example, Huaron Financial Leasing is focusing on five key sectors, including aerospace and green energy, with over 70% of its specialized asset placements in these areas [4] - Everbright Financial Leasing has innovated in green financing channels, issuing a green financial bond of 3 billion yuan on the Luxembourg Stock Exchange [5] - Smaller financial leasing companies, like Changjiang United Financial Leasing, are adopting a "small but refined" approach, launching new products that cater to specific market needs, resulting in a leasing asset scale exceeding 500 billion yuan [6] Market Trends - The industry is shifting from a focus on "heavy financing, light asset" to a deeper integration of financing and asset leasing, emphasizing service to the real economy [7] - Following regulatory guidance, financial leasing companies are adjusting their business structures to increase the proportion of direct leasing, aiming for at least 50% of new direct leasing business by 2026 [7] - Recent policy directions from the People's Bank of China and other departments aim to deepen the integration of the financial leasing industry with national strategies and the real economy, promoting a transition from broad coverage to refined services [8]

有一组纵向对比的数据，能够更为直观地反映出农业银行近年来对县域金融服务领域的重视。 2020年11月，我国832个国家级贫困县全部脱贫摘帽。以2020年为时间节点，农业银行当年年报显示， 截至2020年末，农业银行县域贷款余额为5.31万亿元，在832个国家扶贫重点县贷款余额为1.28万亿元。 短短4年半的时间，农业银行最新半年报显示，截至2025年6月末，农业银行县域贷款余额为10.77万亿 元，在832个脱贫县贷款余额为2.48万亿元，增速8.9%，高于全行1.6个百分点。 "服务'三农'是党中央赋予农业银行的职责使命，也是农业银行最大的优势和特色。农业银行始终传承 发扬扎根一线、支农助农优良传统，着力提升工作质效，进一步做优做强'三农'和乡村振兴金融服 务。"近日，在农业银行召开的2025年中期业绩发布会上，农业银行副董事长、行长王志恒表示。 一直以来，服务"三农"是农业银行的主责主业，如今，扎根县域给农业银行的整体经营带来的正向反馈 十分明显。近年来，县域业务对农业银行的业务发展贡献凸显，"三农"和县域相关服务已经成为农业银 行经营特色和优势的体现。 数据显示，截至报告期末，农业银行县域贷款余额10. ...

Core Viewpoint - China People's Insurance Company (CPIC) has significantly contributed to the development of the insurance industry in Tibet over the past 30 years, establishing a comprehensive risk protection system that supports various sectors including rural revitalization and disaster response [3][4]. Group 1: Historical Development - CPIC established its first branch in Tibet in 1987, marking the beginning of the insurance industry in the region with an initial investment of 3 million yuan and a small team [3]. - Over the years, CPIC has expanded to 89 branches and 686 service stations across Tibet, providing a wide range of insurance products to meet diverse needs [4]. Group 2: Social Responsibility and Community Engagement - Since 2011, CPIC has sent 8 village work teams annually, involving 186 members and investing nearly 100 million yuan in rural development [6]. - The company has introduced innovative insurance products such as the "poverty alleviation income insurance," benefiting 75,000 individuals at risk of falling back into poverty [6]. Group 3: Economic Contributions - CPIC has provided risk coverage of 1.88 trillion yuan for 284 key construction projects in Tibet, including major infrastructure developments [7]. - The company has also supported ecological projects, offering 14.5 billion yuan in risk coverage for ecological public forests in Nyingchi City [7]. Group 4: Disaster Response and Emergency Support - Following the 6.8 magnitude earthquake in Dingri County in January 2025, CPIC quickly mobilized resources, providing 230,000 yuan worth of emergency supplies and 190 million yuan in insurance coverage for disaster recovery efforts [9]. - The company has demonstrated a rapid response capability, completing insurance claims for the earthquake within 10 days, totaling 173 million yuan [8][9]. Group 5: Employment and Economic Development - CPIC has facilitated job placements for 252 Tibetan university graduates since 2020, creating 516 job opportunities in impoverished areas [9]. - The company's initiatives reflect a commitment to enhancing local livelihoods and supporting sustainable economic growth in Tibet [9].

实际数据表明，多个经济体正在调整贸易合作方向，以降低对美国市场的依赖。欧盟对华贸易比重有所 上升，而对美贸易占比呈下降趋势；加拿大、东盟等国也出现类似的结构性变化。这类调整意味着，全 球贸易网络正在持续多元化。 "在关键技术领域，欧洲通过《芯片法案》明确要求提升自主产能，以减少对美技术的依赖。"刘晓曙表 示，美国虽然拥有市场和技术的显著优势，但单边保护主义政策可能加速削弱其在全球价值链中的传统 核心地位。 自2017年特朗普政府推行以"美国优先"为核心的贸易政策以来，关税手段成为其实现所谓"制造业回 流"与"经济复兴"的关键工具。八年过去，多项分析显示，这一贸易保护主义政策并未带来预期的长期 繁荣，反而对美国经济结构和全球贸易体系造成持续性影响。青岛银行（002948）首席经济学家刘晓曙 在接受《金融时报》专访时指出，美国正为短期利益付出长期代价，全球多边贸易秩序也在这一过程中 面临重构。 刘晓曙 青岛银行首席经济学家。清华大学理学博士、厦门大学经济学博士、中国人民大学金融学博士 后。2008年获"中国卓越研究奖"。 短期回流与长期成本：关税的双重效应 "特朗普政府通过非对称关税设计，例如在美欧协议中要求欧盟 ...

Group 1 - The "Night Tour of Jinjiang" has become a new landmark for nighttime tourism in Chengdu, featuring a 20-kilometer waterway and 10 major docks that connect various commercial, cultural, and tourism activities [1] - The project has attracted significant attention, with over 1.5 million viewers participating in a live-streamed tour led by prominent figures, showcasing its popularity and cultural significance [1] - Since its launch, the project has received approximately 2.9 million visitors and generated revenue of about 24.88 million yuan, indicating strong consumer interest and engagement [1] Group 2 - The Tiexiang Temple Water Street in Chengdu has emerged as another new landmark for cultural tourism, designed as a social and artistic space that integrates traditional architectural styles with local cultural elements [2] - The water street has attracted 92 well-known brands across various sectors, contributing to a diverse consumer landscape and enhancing local leisure consumption [2] - Financial institutions in Sichuan are actively promoting consumption through innovative initiatives, such as offering discounts and incentives, which have significantly boosted consumer spending [2]

Group 1 - The central government-backed investment entity, Central Huijin, significantly increased its holdings in stock ETFs during the first half of the year, reaching a record high of over 1.28 trillion yuan, accounting for more than 30% of the total stock ETF market [1][2] - Central Huijin's total stock ETF holdings increased by 236.2 billion yuan, or 22.7%, from the end of last year, with the number of shares rising by 657.9 million, or 21.2% [1] - Central Huijin's investment in 21 stock ETFs remained unchanged, with only one ETF experiencing a reduction in holdings due to a share consolidation [1] Group 2 - Central Huijin Asset Management actively increased its stock ETF holdings, with the number of ETFs held rising by over 50% compared to the end of last year, and a total investment exceeding 210 billion yuan in 12 new ETFs [2] - The total holdings of Central Huijin Asset Management reached 612.35 billion yuan by the end of June [2] - The actions of Central Huijin have been perceived as a stabilizing force in the market, enhancing investor confidence and attracting more foreign investment into the A-share market [2][3] Group 3 - There is a growing confidence among investors in Chinese assets, particularly among overseas investors, as they increasingly seek to diversify their portfolios away from the US dollar [3] - The current macroeconomic environment is favorable for capital inflows into the Chinese stock market, with the characteristics of A-share market returns becoming more appealing [3] - The continued support from entities like Central Huijin is expected to guide long-term capital into the market, promoting steady progress towards high-quality development of the A-share market [3]

数据显示，截至6月底，中央汇金投资有限责任公司（以下简称"中央汇金投资"）及其子公司中央汇金 资产管理有限责任公司（以下简称"中央汇金资产"）的股票ETF持仓市值合计达到12800.9亿元，相比去 年底的10438.8亿元大幅增长了2362.1亿元，增长22.7%；持仓份额合计达到3756.33亿份，较去年底的 3098.4亿份增加了657.9亿份，增长21.2%； 具体来看，中央汇金投资上半年持仓情况基本没有变化。数据显示，相较今年年初，中央汇金投资持有 的21只股票ETF名单没有变化，其中，20只持仓份额维持不变，而易方达上证50ETF因上半年发生基金 份额合并持有份额出现减少。按照基金期末单位净值计算，中央汇金投资期末合计持有ETF规模达到 6677.4亿元。 日前，公募基金2025年半年报披露完毕，上半年"国家队"中央汇金的ETF持仓情况也随之出炉。 今年上半年，"国家队"中央汇金继续大举加仓股票ETF，上半年持仓市值超1.28万亿元，创下历史新 高，占同期股票ETF总规模超3成。 中央汇金资产上半年则动作频频，大举加仓股票ETF，6月末持有的股票ETF数量较去年底增加超50%。 数据显示，中央汇金资 ...