在国产大算力芯片迈入大规模产业化落地的关键周期，头部玩家的座次正在重排不断实现自我突破。 近日，胡润研究院在北京亦庄发布《2025胡润中国人工智能企业50强》。在这份衡量中国AI产业成色 的重磅榜单中，沐曦集成电路（下称"沐曦"）以2500亿元人民币的企业价值位列第三，并被官方定义 为"中国首批实现全流程国产化的高端GPU（图形处理器）企业"。 软件生态"即插即用"：MACA开源一年调用超1300万次 硬件是底座，软件则是护城河。为了打破算力领域的软件垄断，沐曦自研了原生兼容主流生态的软件栈 MXMACA。 施淑珏透露，MXMACA已于2025年2月正式开源，在不到一年的时间里，该平台已积累了超过15万用 户，API调用次数突破1300万次。通过与高校合作，沐曦的软件生态已覆盖超过10万名大学生开发者。 "原生兼容意味着AI应用可以几乎零成本地迁移到沐曦平台上，实现'即插即用'。"施淑珏分享道。 "1+6+X"策略：助力AI赋能千行百业金融领域已现"三期复购" 在应用落地层面，沐曦提出了"1+6+X"的行业布局方案。其中，"6"涵盖了金融、医疗、能源、教科 研、交通及大文娱六大垂直行业；"X"则指向具身智能、 ...

Core Insights - The article highlights the significant advancements of domestic high-performance GPU companies in China, particularly focusing on Muxi Integrated Circuit, which ranks third in the "2025 Hurun China AI Enterprises Top 50" with a valuation of 250 billion RMB [1] Group 1: Commercialization and Technical Breakthroughs - Muxi emphasizes the transition from "usable" to "user-friendly" GPUs as a critical challenge for commercialization, requiring multi-dimensional capabilities beyond just single-chip performance [3] - Muxi is one of the few domestic GPU suppliers achieving large-scale commercial applications with thousands of GPU clusters, currently developing ten-thousand-card clusters [3] - The company's founding team possesses extensive experience in high-end GPU development and mass production, enabling deep optimization across chip, framework, and model layers for distributed inference [3] Group 2: Software Ecosystem Development - Muxi has developed the MXMACA software stack, which is natively compatible with mainstream ecosystems, aiming to eliminate software monopolies in the computing power sector [4] - Since its open-source launch in February 2025, MXMACA has gained over 150,000 users and achieved more than 13 million API calls within a year [4] Group 3: Industry Strategy and Future Outlook - Muxi's "1+6+X" strategy targets six vertical industries: finance, healthcare, energy, education and research, transportation, and entertainment, while also exploring future sectors like embodied intelligence and low-altitude economy [5] - The next-generation product C600, fully based on domestic processes, has completed its tape-out and is set for mass production, achieving a closed-loop domestic supply chain [5] - By 2026, computing power is expected to become a fundamental infrastructure akin to water, electricity, and coal, with demand doubling every 3.5 months and increasing by 5 to 10 times annually [7]

国内首家银行系保险公司迎来新一任女掌门。 近日，交银人寿官宣换帅，深耕交行体系超34年的"70 后"女将李亚出任董事长，接替到龄退休的王庆艳。 摆在李亚面前的，是一张亮眼却也暗藏挑战的成绩单。截至2025年三季度末，交银人寿净资产突破百亿大关，前三季度净利润大幅增长38.77%，达15.65亿 元。但在行业转型深化的背景下，交银人寿同样面临着渠道模式单一等挑战。 一、新掌门人深耕交行体系超34年 李亚的职业生涯全程扎根于交通银行体系内，是一位不折不扣的交行老将。 公开履历显示，李亚出生于1970年，1991年从江西财经大学金融学专业毕业后便加入交通银行，从基层会计、信贷员起步，随后历任交行南宁分行副行长、 广西区（南宁）分行党委书记、行长等一线管理岗位。 2012年调任总行后，李亚先后担任零售信贷管理部、普惠金融事业部、乡村振兴金融部、股权与子公司管理部总经理。2025年7月，李亚出任交银人寿党委 书记。 作为国内首家银行控股寿险公司，交银人寿系交通银行控股的中外合资寿险公司。目前交通银行持股62.5%、日本MS&AD保险集团持股37.5%。 凤凰网财经注意到，此次管理层更迭延续了"交行系"内部晋升的传统。公 ...

| | | | 中国人民银行北京市分行矿政处罚决定信息公示表(银京罚决字【2026】3-4号) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 当事人名称 | 行政处罚 决定书文号 | 违法行为类型 | 行政处罚内容 | 作出行政处罚 决定机关名称 | 作出行政处罚 决定日期 | 公示 | | | | | 1. 未能确保交易信息真实、完整、可追溯: | | | | | | | | | 2. 未严格落实风险监测要求; 3. 未严格落实风险评级相关要求; | 没收违法所得25,557,243.63元, | | | | | 1 | 开联通支付服务有限公司 | 银京罚决字 | 违规开展支付账户向非同名银行账户转账业务; | 并处罚款12,877,657.14元,罚没 | 中国人民银行 | 2026/1/13 | 5월 | | | | (2026) 3号 | 5. 违规开展T+0交易结算; | 合计38.434.900.77元。 | 北京市分行 | | | | | | | 6. 一次性购卡1万元以上未留存身份证件; | | | | | ...

Core Insights - The event titled "'A+H New Wave' and the 34th Listed Company Entrepreneur Exchange Conference" was held in Beijing, focusing on the opportunities and challenges faced by A+H share listed companies in terms of industrial upgrades, capital operations, and cross-border layouts [1] Group 1: Market Insights - Lan Shili provided unique insights into the Hong Kong stock market, highlighting its historical significance in creating wealth, with notable figures like Huang Guangyu, Jack Ma, and others dominating the list of China's richest over the past three decades [1] - The recent performance of Hong Kong stocks, exemplified by companies like Mixue Ice Cream and Pop Mart, showcases the market's unique pricing logic based on business models and brand value, with market capitalization soaring to over 300 billion to 400 billion [1]

凤凰网财经讯 1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战，旨在凝聚上市公司企业家力量，探讨企业协 同发展、资本赋能与产业升级路径，助力构建产融结合新生态。 郭凡生分享了自身经验："我公司上市前，就为员工发放了10%的期权。若总股数为10亿股，员工便能 持有1亿股，我们直接按IPO发行价执行即可。待上市后股价每上涨3元，员工手中的期权就会增值3亿 元。"他强调，这笔增值收益既无需老板个人掏腰包，也不会减少上市公司现金流，本质是让员工共享 企业发展红利。 交流会上，慧聪集团创始人、董事局主席郭凡生在公开演讲中，聚焦上市公司劳资矛盾与员工激励问题 发表犀利观点，直指部分企业在员工期权激励上的缺位与小气，强调"善待员工方能凝聚人心，实现企 业与员工共赢"。 演讲最后，郭凡生总结道："只有笨蛋的老板，没有笨蛋的员工。你对员工好一分，员工就能对你好十 分。"他呼吁广大企业经营者摒弃小气思维，重视员工激励，通过合理的期权分配等方式凝聚人 ...

Core Insights - The 19th Asian Financial Forum will be held on January 26-27, 2026, in Hong Kong, focusing on the theme "Empowering Industries through Finance" and aiming to attract over 3,600 participants from more than 60 countries [1][2] - The forum will introduce the inaugural Global Business Summit, emphasizing the integration of finance with the real economy and supporting Hong Kong's role as an international financial and trade center [1][2] Group 1: Forum Structure and Themes - The forum will feature various sessions, including thematic discussions, policy dialogues, and workshops covering topics such as global economic outlook, investment strategies, asset and wealth management, trade financing, and financial technology [3][4] - The first day will include discussions led by financial leaders analyzing macroeconomic conditions and monetary policies, highlighting Hong Kong's advantages as an international financial hub [4][6] Group 2: Key Speakers and Discussions - Notable speakers include former European Commission President José Manuel Barroso and business leader Paul Polman, who will address global challenges and sustainable development strategies [5][6] - The "Global Economic Outlook" session will feature representatives from major financial institutions predicting economic trends for 2026 and discussing macroeconomic impacts [6][7] Group 3: Focus on Gold Market - The forum will include a dedicated session on gold trading, reflecting the rising demand for gold as a safe-haven asset and Hong Kong's ambition to establish itself as an international gold trading center [7][8] Group 4: Global Business Summit - The inaugural Global Business Summit will explore opportunities in high-growth industries such as AI, robotics, and biomedicine, focusing on how financial services can drive innovation and long-term growth [8][9] - Discussions will also cover strategies for Chinese companies expanding overseas and international firms entering the Chinese market [9][10] Group 5: Green Development and Investment Opportunities - The forum will feature a new FutureGreen zone, focusing on green finance and technology, aiming to connect funding with sustainable development initiatives [11][12] - The AFF Deal-making initiative will facilitate investment project matching, providing a platform for exploring investment opportunities across various sectors [12][13] Group 6: International Financial Week - The Asian Financial Forum will kick off the International Financial Week, which will include over 10 events addressing global financial topics and showcasing Hong Kong's vibrant city life [13]

Core Insights - The liquor industry is transitioning from an incremental market to a stock market, with new regulations exacerbating industry turbulence and leading to a significant decline in high-end liquor consumption [1][3] - Regional liquor brands, particularly in Shandong, face intense pressure from national brands that are rapidly penetrating local markets [3][4] - The changing consumer preferences, particularly among the younger generation, are reshaping the market dynamics, necessitating a shift in marketing and product strategies for regional brands [3][12] Industry Trends - The introduction of the "ban on alcohol" regulation in May 2025 has led to a sharp decline in high-end liquor consumption, with a reported 30% year-on-year decrease in business reception scenarios [1] - National brands are adopting aggressive strategies to capture market share, such as Moutai's "one province, one product" approach and Yanghe's entry into the mass market with light bottle liquor [3] - The Shandong liquor market, valued at 55 billion yuan, is dominated by national brands, which hold approximately 75% of the market share [1] Consumer Behavior - Post-pandemic, there is a shift towards rational consumption and a decline in traditional social drinking culture, with younger consumers prioritizing personal preferences over social obligations [3][12] - The preference for low-alcohol beverages is growing, with over 65% of Shandong consumers favoring lower alcohol content, prompting regional brands to innovate [12] Regional Brand Strategies - Regional liquor brands are encouraged to leverage local market advantages and develop unique products while utilizing digital tools for better collaboration [4][12] - Successful examples from Anhui demonstrate the potential for local brands to thrive by cultivating consumer loyalty to local products [4] Marketing Innovations - Shandong liquor companies are adopting new marketing strategies, focusing on storytelling and engaging consumers through modern communication channels [5][6] - Companies like Lanling have successfully built brand presence on social media platforms, generating significant sales through digital marketing efforts [6] Quality and Product Development - There is a concerted effort among regional brands to enhance product quality through innovation, particularly in developing low-alcohol options to attract younger consumers [12][14] - The Shandong Provincial Government has initiated a high-quality development action plan for the liquor industry, aiming to enhance brand recognition and market competitiveness [13] Future Outlook - The industry is expected to undergo significant changes, with a focus on quality improvement, cultural integration, and sustainable practices [14][15] - The current market challenges may lead to a consolidation of the industry, allowing stronger regional brands to emerge and thrive [15]

来源丨凤凰网财经《公司研究院》 作者丨DW 昔日爱人因近2.8亿股权对簿公堂，这不仅是一场离婚后的财产清算，更像一把钥匙，意外打开了中国快递业"桐庐帮"数十年的恩怨江湖与崛起史。 | 今开 | 13.80 | 最高 | 13.82 | 成交量 | 12.98万手 | | --- | --- | --- | --- | --- | --- | | 昨收 | 13.78 | 最低 | 13.44 | 成交额 | 1.77亿 | | 换手率 | 0.89% | 市盈(TTM) | 18.40 | 总市值 | 210.33亿 | | The Research Party of the Property | | | | | | 01 离婚14年再掀巨浪：申通快递女掌门遭前夫追讨2.8亿 很多人不知道，申通快递比淘宝早了整整10年，是和顺丰同年成立的老牌民营快递巨头。 一段婚姻曾连接两家快递巨头，却在离婚14年后再掀股权风云。 近日，申通快递（002468）实际控制人陈小英因前夫奚春阳的起诉，再度成为舆论焦点。这场官司的核心在于一笔巨额股权的归属。奚春阳请求法院判 令，登记在陈小英名下的4056.85万股申通股票中，有一 ...

凤凰网财经讯 1月22日，市场午后震荡回升，三大指数集体翻红，创业板指走势较强。截至收盘，沪指 涨0.14%，深成指涨0.5%，创业板指涨1.01%。沪深两市成交额2.69万亿，较上一个交易日放量910亿。 涨停表现 封板率 市场热度: 60 0 50 100 0 两市成交额:2.69万亿 较上一日: +910亿 | 今日预测量能: | 2.69万亿 +910亿 | | --- | --- | | - | | 73.00% | | | | | 沪深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 咸新 | 涨幅% | | 涨跌 涨跌家数 | | 11 8 8 5 | 现手 金额 | | 上证指数 | 4122.58 | 0.14 | 5.64 | 1463/822 | 0.00 | 7.10亿 | 350万 1.20万亿 | | 深证成指 | 14327.05 | 0.50 | 71.92 | 1955/900 | 0.01 | 8.23 乙 | 959万 1.49万亿 | | 北证50 | 1530.24 | ...