据"大湾区之声"消息，香港特区行政长官李家超今日（17日）在香港特区立法会发表新一份施政报告。 李家超表示，香港将通过"科企专线"协助内地科技企业来港融资，加强对国家建设科技强国的金融支 持；进一步完善主板上市和结构性产品发行机制；研究优化"同股不同权"上市规定；探索缩短股票结算 周期至T+1；推动更多海外企业来港第二上市；协助中概股以香港为首选回归地；推动港股人民币交易 柜台纳入"股票通"南向交易。 1、推动香港机场管理局（机管局）及金融机构在港拓展黄金仓储，以三年超越2000吨为目标，建造区 域黄金储备枢纽； 5、支持业界成立黄金行业协会，建立与政府和监管机构的交流平台，加强推广及吸引"一带一路"共建 国家及地区的客户，强化人才培训。 2、推动金商在港建立或扩建精炼厂，并与内地研究在内地进行来料加工，精炼黄金后出口至香港作交 易及交割用途； 此外，上海黄金交易所国际板在港设立了首家境外交割仓库，并已推出在港交割的全新合约。特区政府 将持续推进沪港黄金市场合作。 3、建立香港黄金中央清算系统，为国际标准黄金交易提供高效可信的清算服务，并邀请上海黄金交易 所参与，为未来与内地市场互联互通做好预备； 4、丰富黄 ...

Group 1 - The core viewpoint emphasizes the importance of enhancing core functions and competitiveness of state-owned enterprises (SOEs) through strategic professional restructuring and integration [1] - The initiative aims to improve the allocation and operational efficiency of state-owned capital, thereby strengthening the overall function of the state economy [1] - The approach will utilize systematic thinking, forward-looking planning, and innovative measures to support economic and social development more effectively [1]

9月17日早盘，宁德时代股价再创新高。截至10:45，宁德时代涨5.14%，报371.6元/股，总市值突破1.69 万亿元，成交额达86.77亿元。 ...

Core Insights - Huawei released the "Intelligent World 2035" series report, outlining ten technological trends leading to an intelligent world by 2035 [1][2][3] Group 1: Technological Trends - Trend 1: AGI is expected to be the most transformative driving force in the next decade, but significant challenges must be overcome to achieve the AGI singularity [1] - Trend 2: AI agents will evolve from execution tools to decision-making partners, driving an industrial revolution [2] - Trend 3: Development models will transform, with human-AI collaborative programming becoming mainstream, allowing humans to focus on top-level design and innovation [2] - Trend 4: Interaction methods are shifting from graphical interfaces to natural language and multi-modal interactions, enhancing user experience through voice and gestures [2] - Trend 5: Mobile apps are transitioning from standalone entities to AI-driven service nodes, providing users with an optimized experience through simple commands [2] - Trend 6: Breakthroughs in key technologies will lead to the emergence of L4+ autonomous vehicles, creating a "mobile third space" in daily life [2] - Trend 7: By 2035, total computing power in society is expected to increase by 100,000 times, leading to disruptive innovations in computing architecture and paradigms [2] - Trend 8: Data will become the "new fuel" for AI development, with AI storage capacity needs projected to grow 500 times by 2025, surpassing 70% of total storage [2] - Trend 9: The number of connected objects in communication networks will expand from 9 billion people to 900 billion intelligent agents, marking a leap from mobile internet to intelligent agent internet [3] - Trend 10: Energy will become a core constraint on AI's rapid development, with renewable energy expected to replace traditional fossil fuels, achieving over 50% of total energy generation by 2035 [3]

9月17日早盘，中芯国际A股涨超10%，报120.80元/股，股价再创新高；中芯国际港股涨6%。 ...

2025.09.17 本文字数：3029，阅读时长大约5分钟 作者 |第一财经 韦薇 美联储本周的降息预期、人工智能（AI）板块的持续推动，正将全球资本市场推向高潮。 降息幅度仍存分歧 华尔街机构之所以认为美联储降息"板上钉钉"，是因为就业市场明显放缓，通胀虽高于目标值，但并未 失控。 继8月公布的7月非农就业数据"爆雷"后，最新的8月数据亦令人大跌眼镜。美国8月非农新增就业2.2万 人，大幅低于预期，失业率4.3%创近四年新高。此外，6月和7月非农就业岗位又合计下修2.1万人。换 言之，实际上6月的非农是负增长，这也是疫情以来的首次实际负增长。上月，美国劳工部更将5月和6 月的数据累计下修超10万人，气得美国总统特朗普直接要求解雇美劳工统计局局长。 美国8月CPI同比2.9%，预期2.9%，前值2.7%，通胀并未高于预期，而美国9月6日当周首次申请失业救 济人数26.3万人，超过预期的23.5万人。因此，9月11日的CPI数据公布后，华尔街机构均认为9月降息 概率达到了100%。 "通胀和就业数据同时支持降息。面对这样的数据，鲍威尔也没法继续硬刚。现在的悬念是降25BP，还 是直降50BP。"外汇专家、浙商 ...

编辑 | 格蕾丝 美股三大指数小幅收跌 当地时间9月16日，美股三大指数在震荡交投中小幅收低，投资者在美联储议息会议前保持谨慎。 截至收盘，道琼斯工业平均指数下跌125.55点，收于45757.90点，跌幅0.27%；标普500指数下跌8.52 点，收于6606.76点，跌幅0.13%；纳斯达克综合指数下跌14.79点，收于22333.96点，跌幅0.07%。 大型科技股表现分化，特斯拉上涨2.82%，Meta和亚马逊涨幅超过1%，苹果上涨0.61%；谷歌A微跌 0.18%，微软下跌1.23%，英伟达回落1.61%。 中概股表现亮眼，纳斯达克中国金龙指数上涨1.76%，创下自2022年2月以来新高。蔚来大涨逾8%，百 度涨超7%，京东和爱奇艺涨超3%，阿里巴巴上涨逾2%。 市场普遍预期，美联储将在当地时间17日结束的、为期两天的会议上宣布降息25个基点，以应对近期就 业市场走弱。 周二公布的数据显示，美国8月零售销售环比增长0.6%，高于市场预期；核心零售销售环比增长0.7%， 亦强于前值的0.5%。不过，分析人士认为，这一数据不足以改变市场对美联储即将启动降息的判断。 贝尔德私人财富管理（Baird Pri ...

Core Viewpoint - The article emphasizes the need for banks, particularly CITIC Bank, to fundamentally reconstruct their value creation model in response to structural challenges in the banking industry, such as interest rate marketization and financial disintermediation [1][2][3]. Group 1: Financial Performance - CITIC Bank's 2025 mid-term report shows a steady profit growth, with a 2.8% increase in net profit attributable to shareholders in the first half of 2025, indicating resilience in a challenging environment [9]. - The bank's total assets grew by 8.28% year-on-year, and its net interest margin (NIM) of 1.63% ranks among the top in the industry, reflecting effective management of interest income and costs [5][13]. Group 2: Quality of Growth - The bank focuses on high-quality growth, which is not merely about improving financial metrics but involves a multi-dimensional evolution in structure, efficiency, risk, and innovation [4][5]. - CITIC Bank is transitioning from a scale-dependent model to one driven by capabilities, as evidenced by faster growth in off-balance sheet financing and wealth management compared to traditional lending [6][7]. Group 3: Systematic Approach - The bank's management prioritizes system construction and capability enhancement over short-term results, believing that a robust system is essential for sustainable growth [10][11]. - CITIC Bank's strategy includes a clear path for system advancement, focusing on core capabilities and integrated multi-dimensional capabilities to create a unique financial ecosystem [10]. Group 4: Structural Optimization - The bank emphasizes structural optimization across various dimensions, including business, asset, liability, and customer structures, to ensure balanced and resilient growth [12]. - CITIC Bank's approach to asset quality involves increasing credit support for high-quality assets while reducing the proportion of low-efficiency assets, aligning with national strategic goals [12]. Group 5: Risk Management - The bank has adopted a proactive risk management strategy, integrating risk considerations into all business processes rather than relying solely on traditional tightening measures [14][15]. - Key risk indicators, such as non-performing loan ratios and provisioning coverage, remain stable, with a focus on enhancing the value of problem assets through effective management [15]. Group 6: Competitive Advantage - The competitive advantage for CITIC Bank lies in its adaptive capabilities and deep systemic strength rather than mere speed or scale, positioning it for sustainable development in a complex environment [16].

Group 1 - The Global Innovation Index (GII) ranks Switzerland, Sweden, the United States, South Korea, and Singapore as the top five economies, with China making its debut in the top ten at the tenth position [2][3][4] - China has the highest number of innovation clusters in the top 100, totaling 24, with the Shenzhen-Hong Kong-Guangzhou cluster surpassing the Tokyo-Yokohama cluster to take the top spot [2][5][9] - The GII report highlights that innovation momentum is diversifying across regions, with emerging economies like China, India, Turkey, and Vietnam showing strong performance [4][5] Group 2 - China ranks first globally in patent applications and second in R&D expenditure, demonstrating significant advancements in knowledge and technology output [4][5] - The report indicates that China's R&D investment intensity has increased to 2.68%, nearing the OECD average of 2.73% [7] - The Yangtze River Delta region is becoming a competitive innovation hub, with significant R&D investment and collaboration among provinces [10][11] Group 3 - Global R&D investment growth is slowing, with a projected increase of only 2.3% in 2025, marking the weakest expansion in over a decade [12][13] - The share of R&D investment in the software and ICT services sector has risen from 14% in 2018 to over 20% in 2024, while the automotive sector's share has decreased [13] - The United States accounts for nearly half of global R&D spending, with Asia contributing 30%, primarily from China, Japan, and South Korea [13]

Market Overview - On September 16, U.S. stock indices closed slightly lower amid cautious trading ahead of the Federal Reserve's meeting [2] - The Dow Jones Industrial Average fell by 125.55 points to 45757.90, a decrease of 0.27% [2] - The S&P 500 index dropped by 8.52 points to 6606.76, down 0.13% [2] - The Nasdaq Composite Index decreased by 14.79 points to 22333.96, a decline of 0.07% [2] Sector Performance - Large tech stocks showed mixed performance, with Tesla rising by 2.82%, Meta and Amazon increasing by over 1%, and Apple up by 0.61% [2] - Conversely, Google A fell by 0.18%, Microsoft decreased by 1.23%, and Nvidia dropped by 1.61% [2] - The S&P 500 saw six out of eleven sectors decline, with the utilities sector leading the drop at 1.81% [3] Chinese Stocks - Chinese stocks performed well, with the Nasdaq Golden Dragon China Index rising by 1.76%, reaching its highest level since February 2022 [2] - Notable gains included NIO surging over 8%, Baidu up more than 7%, and JD.com and iQIYI rising over 3% [2] - Alibaba also saw an increase of over 2% [2] Economic Indicators - Market expectations suggest the Federal Reserve will announce a 25 basis point rate cut during its meeting ending on September 17, in response to a weakening job market [2] - U.S. retail sales for August increased by 0.6% month-over-month, exceeding market expectations, while core retail sales rose by 0.7%, also above the previous value of 0.5% [2] Bond Market - The two-year U.S. Treasury yield fell by 2.5 basis points to 3.51%, after reaching a high of 3.578% during the day [5] - The ten-year U.S. Treasury yield decreased by 0.6 basis points to 4.028%, with an intraday high of 4.064% [5] - The yield spread between the two-year and ten-year Treasuries was 51.6 basis points [5] Commodity Market - International oil prices increased, with WTI crude oil futures rising by 1.93% to $64.52 per barrel [5] - Brent crude oil futures were up by 1.53%, closing at $68.47 per barrel [5] - COMEX gold futures saw a slight increase of 0.16%, settling at $3725.1 per ounce [5]