以新供给引领新需求、以新需求牵引新消费。 结合江苏当地的资源禀赋，发展夜间经济不仅能满足外来游客和本地居民个性化、多样化需求，还 有助于释放消费市场潜力、提升城市活力、促进经济发展，让城市夜晚"亮"起来、人气"聚"起来、财 气"旺"起来。 摊位多、人流密、消费旺，是记者这一次来到江苏最直观的感受。白天的喧嚣并未在夜晚散去，而 是变得更为多彩生动。 此次采访恰逢暑期，正是旅游旺季，也让夜晚的街巷、码头呈现"人从众"的场面。一艘接一艘的游 船画舫从南京秦淮河边、扬州大运河便益门码头驶出，载着游客的期待奔赴千年盛景。在售票处前、在 游船码头，等待的人群挤满了廊檐与石阶。 日与夜的"无缝衔接"激活全天候的消费需求，新与旧的"交融共生"也在持续拓展着供给边界。供需 两端一起加力，让消费市场在守正与创新中不断升级。 责任编辑：韩胜杰 对于依水而生、因水而兴的城市，"夜游"无疑是其中最为亮眼的板块，也是新供给、新消费重点挖 掘的"蓝海"。 去年才正式运营的全国首个全景式、大型沉浸演艺古运河夜游项目——"大运扬州"，就是扬州夜间 重点发展的文旅消费项目，它将古代漕运盛景与现代光影技术相融合，让千年运河在夜色中焕发出新的 生命 ...

Core Insights - The night economy is not merely a shift of daytime activities to nighttime but an extension of urban functions and services, responding comprehensively to new consumer demands [1][2] - Local cultural characteristics play a crucial role in activating the unique vitality of the night economy, leading to the emergence of new consumption formats that enhance consumer experience [1] Summary by Sections Night Economy Development - The night economy in cities like Nanjing and Yangzhou is characterized by a vibrant atmosphere, driven by tourists' pursuit of emotions, culture, belonging, and novelty [1] - Successful night economy initiatives combine local cultural heritage with modern experiences, such as night tours along the ancient Grand Canal in Yangzhou and traditional paper-cutting art in Nanjing [1] Consumer Engagement - The integration of local culture into night economy offerings is essential for creating deeper and more meaningful consumer experiences, which in turn stimulates economic growth [1] - The presence of 24-hour businesses, such as breakfast shops, reflects the ongoing vibrancy and appeal of the night economy, contributing to a warm atmosphere for visitors [2]

Group 1 - The article highlights the vibrant night shopping culture in Yangzhou, showcasing a blend of traditional charm and modern consumerism through unique cultural products [1] - The Mingyue Lake business district is identified as a key commercial area in Yangzhou, undergoing upgrades and attracting new brands, contributing to a dynamic shopping environment [1] - The influx of visitors and diverse shopping options in the area reflects a strong consumer demand and a thriving night economy [1] Group 2 - Financial support plays a crucial role in the development of the night shopping scene, with local banks investing approximately 12 million yuan to stimulate over 100 million yuan in consumption [2] - The optimization of inbound consumption policies and payment systems is expected to enhance the shopping experience for foreign tourists, further boosting the local economy [2] - Jiangsu's night shopping initiative is characterized by a variety of consumer options and convenient payment services, catering to both residents and tourists [2]

8月22日，沪深京三市成交额连续第8个交易日突破两万亿元大关，一举打破A股历史成交纪录。当日， 上证指数强势突破3800点整数关口，续写近十年来的新高。截至收盘，上证指数以1.45%的涨幅收报 3825.76点，深证成指上涨2.07%、创业板指涨幅达3.36%、科创50指数更是飙升8.59%，市场整体呈现全 面上扬态势。 在这波指数攀升与交易量激增的背后，多路资金竞相涌入市场。其中，保险资金作为长期投资资金的重 要代表，新增入市资金规模超过6400亿元，远超去年全年水平。金融监管总局最新发布的数据显示，截 至二季度末，保险资金运用余额超过36万亿元，股票投资余额攀升至3.07万亿元，占比8.47%，这一比 例创下了2022年以来的新高。 显然，今年保险资金入市步伐明显加快。那么，究竟是什么吸引保险资金纷纷入市？哪些投资标的受到 保险资金的青睐？ 险资入市超6400亿元 根据金融监管总局最新披露的数据，截至今年二季度末，保险资金运用余额达36.23万亿元，同比增长 17.39%。其中，人身险公司32.60万亿元、财产险公司2.35万亿元，合计占比96.46%。 上半年，保险资金表现活跃，举牌潮出现。据《金融时报 ...

Group 1 - The overall liquidity in the financial market is balanced and slightly loose, with an increase in trading volume and a decrease in balances, leading to a downward trend in most repo rates [1][2] - In July, the interbank market was active with a total transaction volume of 231.7 trillion yuan, representing a month-on-month increase of 12.7% and a year-on-year increase of 15.7% [1][2] - The People's Bank of China (PBOC) emphasized a moderately loose monetary policy to match the growth of social financing and money supply with economic growth and price expectations [1][2] Group 2 - In July, the PBOC conducted significant open market operations, with a net injection of 468 billion yuan, including 14 trillion yuan in reverse repos and 4 trillion yuan in MLF [2][3] - Major repo rates showed a downward trend, with the overnight repo rate (DR001) at 1.39% and the 7-day repo rate (DR007) at 1.53%, reflecting a decrease of 1 and 7 basis points respectively [2][3] Group 3 - The bond market saw a total issuance of 5.29 trillion yuan in July, a decrease of 0.6% month-on-month but an increase of 27.6% year-on-year, with net financing at 2.31 trillion yuan, up 7.9% month-on-month and 86.6% year-on-year [4] - The yield on government bonds increased, with the 10-year government bond yield fluctuating between 1.64% and 1.75%, and the yield curve steepening [4] Group 4 - The interest rate swap curve ended its inversion, with short-term rates decreasing and long-term rates increasing, indicating a shift in market sentiment [6][7] - The average daily trading volume of RMB interest rate swaps increased by 44.8% in July, with a nominal principal amount of 4.6 trillion yuan [7]

Core Viewpoint - Recent regulatory actions have targeted companies involved in financial fraud and information disclosure violations, emphasizing a comprehensive approach to accountability, particularly focusing on key decision-makers and executives [1][3]. Group 1: Regulatory Actions and Penalties - Fujian Securities Regulatory Bureau imposed fines exceeding 30 million yuan on *ST Zitian for information disclosure violations and financial fraud, including a reported revenue inflation of 778 million yuan in 2022, which constituted 44.59% of the total revenue [1][2]. - In the 2023 annual report, *ST Zitian inflated revenue by 1.721 billion yuan, accounting for 78.63% of the reported revenue [2]. - The regulatory body also penalized 12 individuals from *ST Zitian, including lifetime bans for the former chairman and CFO, totaling 27.7 million yuan in fines [2]. Group 2: Other Companies Involved - Huayang Lianzhong was penalized by Beijing Securities Regulatory Bureau for concealing non-operational fund occupation, with fines totaling 5 million yuan for the company and 7.5 million yuan for the former actual controller [5]. - The company failed to disclose 181.53 million yuan in non-operational fund occupation in multiple reports, leading to inflated profits in 2021 and 2022 [5]. - Despite the penalties, Huayang Lianzhong stated that its operations are normal and that it has rectified the issues [6]. Group 3: Impact on Delisted Companies - Taihe Group received a warning and a fine of 6 million yuan for failing to disclose significant lawsuits and omissions in annual reports from 2020 to 2022, totaling 17.4 million yuan in penalties for the company and related individuals [7][8]. - The company’s chairman was also subjected to detention measures due to suspected violations [7]. - The case illustrates that delisted companies remain liable for past violations, emphasizing that delisting does not exempt them from penalties [8].

私募股权和创投（PE/VC）方面，7月份，市场新设基金数量稳定，投资市场显著升温。其中，从 投资端交易轮次和投资规模来看，PE/VC市场聚焦中小企业发展培育的特点突出。 存续创投基金数量规模双增 值得注意的是，已登记私募基金管理人的数量主要集中在上海市、北京市、深圳市、浙江省（除宁 波）、广东省（除深圳）和江苏省。月报显示，7月末，上述辖区管理人数量总计占比达72.20%，略高 于6月份的72.19%。 近日，中国证券投资基金业协会发布了7月份私募基金管理人登记及产品备案月报（以下简称"月 报"）。整体来看，管理人和管理基金数量较6月均出现下降，但基金规模却增加了0.42万亿元。月报显 示，截至7月末，存续私募基金管理人19700家，管理基金数量139430只，管理基金规模20.68万亿元。 在上半年私募基金管理人登记情况方面，月报显示，7月份，在中国证券投资基金业协会资产管理 业务综合报送平台办理通过的机构22家，其中，私募证券投资基金管理人6家，较上月增加4家；PE/VC 基金管理人16家，较上月增加4家，延续了此前的增长态势。7月份，注销私募基金管理人78家，较6月 份注销90家减少12家。 7月末，存 ...

近日，国务院印发《关于深入实施"人工智能+"行动的意见》(以下简称《意见》)。实施"人工智能+"行 动有哪些重大意义？《意见》的主要内容是什么？《意见》提出布局建设一批国家人工智能应用中试基 地，基地的定位和作用是什么？ 针对这些热点问题，《金融时报》记者进行了梳理： 《意见》的主要内容是什么？ 国家发展改革委有关负责人表示，从技术发展看，实施"人工智能+"行动有助于顺应和把握人工智能技 术演进规律。实施"人工智能+"行动，以新的科研成果支撑场景应用落地，以新的应用需求牵引技术创 新突破，促进人工智能技术创新与应用发展双向赋能，有助于以人工智能应用发展的确定性，应对技术 和外部环境急剧变化的不确定性，加快形成更富生命力的中国特色人工智能发展路径。同时，主动构建 与人工智能技术演进趋势相适应的法律法规、政策制度、伦理规则等，有助于促进人工智能朝着有益、 安全、公平方向健康有序发展。 "从国内实践看，有助于推动人工智能赋能高质量发展。"国家发展改革委有关负责人表示，实施"人工 智能+"行动，充分发挥我国数据资源丰富、产业体系完备、应用场景广阔等优势，加强人工智能与各 领域广泛深度融合，助力传统产业改造升级，开辟战 ...

Group 1 - The 2025 Wuhan City Football Super League ("Han Chao") opened with 46,780 spectators, marking the second-highest attendance for amateur football events in China [1] - The local football league craze is spreading across the country, with events like "Su Chao," "Gan Chao," and "Chuan Chao" igniting enthusiasm and creating vibrant scenes of travel for matches [1] Group 2 - Sports events are driving consumption, with visitors enjoying local food and tourism while attending matches, significantly impacting transportation, tourism, dining, and accommodation industries [2] - The sports industry in China has seen an average annual growth rate of over 10% in the past five years, with event economies and outdoor industries thriving [2] - In the first half of the year, Guizhou's accommodation and catering industries grew by 5.6% and 8.2% year-on-year, respectively, boosted by events like "Han Chao," which attracted around 100,000 people and generated nearly 30 million yuan in consumption [2] Group 3 - The "Su Chao" event has gained immense popularity, with 230 million views and 135,000 discussions on social media, significantly boosting local consumption in Jiangsu province [3] - 95.9% of attendees reported spending beyond ticket purchases, with average travel costs for out-of-town visitors ranging from 1,000 to 2,000 yuan [3] - The "Su Chao" event has driven a total consumption of 38 billion yuan across various sectors in Jiangsu, demonstrating the effectiveness of community sports events in stimulating local economies [3] Group 4 - The State Council has emphasized the need to stimulate sports consumption and expand consumption scenarios, encouraging local governments to host sports events and implement consumer-friendly measures [4] - Recent policies aim to promote high-quality development in the sports industry, encouraging the creation of unique event brands and integrating sports with tourism [4] Group 5 - Financial support is crucial for enhancing sports consumption, with recent guidelines from the People's Bank of China aimed at promoting high-quality development in the sports sector [5] - Local initiatives in Jiangsu have shown early success in integrating financial services with sports events, leading to over 40% growth in service revenue across tourism, dining, and accommodation related to "Su Chao" [5] - The successful implementation of events like "Su Chao," "Gan Chao," and "Chuan Chao" indicates a promising future for community sports competitions and their economic impact [5]

Group 1 - The company issued a statement addressing false information linking normal condensation in summer cabins to forced sales of blankets [1] - The condensation phenomenon is a common physical reaction caused by the interaction of humid air and dry air from the air conditioning, which disappears shortly after takeoff [1] - The company has been actively educating passengers about this phenomenon through various official channels and has taken legal measures against those spreading malicious rumors [1] Group 2 - Passengers have previously complained about the cabin being too cold, likening it to a cold storage, and reported that blankets are not provided for free but can be purchased for 15 yuan each [3] - Some passengers suspect that the cabin temperature is intentionally set low to encourage blanket purchases, while others find the price of the blanket acceptable as it can be taken home [3]