黄金有望继续受益于流动性宽松，同时可以对冲关税等带来的不确定性。 投资人应当充分了解基金定期定额投资和零存整取等储蓄方式的区别。定期定额投资是引导投资人进行 长期投资、平均投资成本的一种简单易行的投资方式。但是定期定额投资并不能规避基金投资所固有的 风险，不能保证投资人获得收益，也不是替代储蓄的等效理财方式。 无论是股票ETF/LOF基金，都是属于较高预期风险和预期收益的证券投资基金品种，其预期收益及预期 风险水平高于混合型基金、债券型基金和货币市场基金。 基金资产投资于科创板和创业板股票，会面临因投资标的、市场制度以及交易规则等差异带来的特有风 险，提请投资者注意。 板块/基金短期涨跌幅列示仅作为文章分析观点之辅助材料，仅供参考，不构成对基金业绩的保证。 文中提及个股短期业绩仅供参考，不构成股票推荐，也不构成对基金业绩的预测和保证。 以上观点仅供参考，不构成投资建议或承诺。如需购买相关基金产品，请您关注投资者适当性管理相关 规定、提前做好风险测评，并根据您自身的风险承受能力购买与之相匹配的风险等级的基金产品。基金 有风险，投资需谨慎。 每日经济新闻 9月黄金表现非常亮眼，截至2025年9月26日，COMEX ...

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Core Viewpoint - Fengyang County Xinyun Technology Co., Ltd. has been established with a registered capital of 200,000 RMB, indicating a focus on various technology and manufacturing sectors [1] Company Summary - The legal representative of the company is Shen Xuequn [1] - The registered capital of the company is 200,000 RMB [1] - The company operates in multiple areas including technology intermediary services, bio-based materials manufacturing, and refractory materials production [1] Business Scope - The business scope includes general projects such as: - Technology intermediary services - Manufacturing of bio-based materials - Production of refractory materials - Information consulting services (excluding licensed information consulting services) - Processing and handling of non-metal waste and scraps - Sales of non-metal minerals and products - Manufacturing of non-metal mineral products - Processing of construction stones - Sales of construction materials - Manufacturing and sales of coatings (excluding hazardous chemicals) - Production of chemical products (excluding licensed chemical products) - Sales of new metal functional materials - Sales of metal ores - Processing of metal waste and scraps (excluding licensed businesses) [1]

截至2025年9月26日收盘，中科曙光（603019）报收于120.44元，较上周的106.83元上涨12.74%。本周，中科曙光9月25日盘中最高价报127.68元， 股价触及近一年最高点。9月22日盘中最低价报106.0元。本周共计1次涨停收盘，无跌停收盘情况。中科曙光当前最新总市值1762.18亿元，在计算 机设备板块市值排名2/84，在两市A股市值排名86/5157。 本周关注点 交易信息汇总：9月22日中科曙光现1笔折价13.63%的大宗交易，合计成交1.35亿元 交易信息汇总 9月22日中科曙光现1笔折价13.63%的大宗交易，合计成交1.35亿元 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 云计算50ETF | | --- | ...

Core Insights - The article discusses the emergence of AI entrepreneurs who are not just content creators but also innovators in the AI space, exploring unique business opportunities beyond mainstream trends [2][3] - The focus is on a specific entrepreneur, Frank, who has developed a project called "Consciousness Preservation," aimed at addressing the emotional and memory-related needs of individuals [4][6] Group 1: Entrepreneurial Journey - Frank's decision to pursue entrepreneurship was influenced by a personal tragedy, leading him to explore the concept of preserving memories and consciousness [3][4] - His experience at ByteDance shaped his understanding of product development and the importance of a data-driven iterative culture [3][4] - The initial idea for "Consciousness Preservation" emerged from a desire to explore the boundaries of AI and human relationships, rather than simply creating a business that caters to popular demands [4][6] Group 2: Product and Market Focus - The core pain point addressed by Frank's project is the fragility and irreversibility of human memory, aiming to create a digital extension of individuals' memories and experiences [6][7] - The product allows users to interact with their AI avatars, preserving their unique memories and facilitating conversations with future generations [6][7] - The target market includes high-net-worth individuals who seek to leave a lasting legacy and are willing to invest significantly in emotional and memory-related services [8][11] Group 3: Competitive Advantages - Frank identifies a market gap in addressing the emotional needs of affluent individuals, contrasting with larger companies that focus on mass-market AI applications [8][10] - The competitive moat for "Consciousness Preservation" lies in building trust and emotional depth with clients, which larger companies may struggle to achieve [8][10] - Key advantages include strategic positioning in niche markets, data accumulation from user interactions, and a compelling narrative that resonates with users on a deeper level [10][12] Group 4: Business Model and Strategy - The business model emphasizes high customer lifetime value through personalized, long-term services rather than volume sales [11][12] - The approach involves extensive client engagement and customization, ensuring a deep understanding of individual needs and preferences [12][13] - The company aims to redefine traditional memorial practices by offering dynamic, interactive digital legacies instead of static memorials [21][22] Group 5: Future Outlook - Frank predicts that industries focused on emotional companionship and value will be significantly impacted by AI, highlighting the importance of emotional connections in consumer behavior [18][19] - The potential for AI to transform sectors like funeral services and elder care is noted, as these areas align closely with the company's mission [21][22] - The emphasis is placed on understanding user needs and emotional responses as critical components for success in the AI landscape [22][23]

Group 1 - The core issue is the significant decline in U.S. soybean exports to China, which has left American farmers in a difficult position as they face unsold inventory and financial losses [1][3][9] - The shift in China's purchasing strategy towards South America indicates a structural change in the agricultural export chain, moving away from reliance on U.S. agricultural products [6][8][21] - The U.S. government's insistence on maintaining tariffs, even amidst a potential government shutdown, reflects a rigid trade policy that fails to address the immediate needs of farmers and the agricultural sector [11][15][22] Group 2 - The ongoing trade tensions have led to a fundamental change in the U.S.-China trade relationship, with American farmers no longer able to rely on China as a primary market for their soybeans [9][24][26] - The economic pressures resulting from high tariffs have not only affected farmers but have also led to increased costs for small and medium-sized enterprises, contributing to a broader economic strain [17][19][24] - The lack of effective government response to the agricultural crisis has resulted in growing discontent among farmers, who feel abandoned by the policies that once supported them [13][24][30]

来源：市场资讯 光大期货： 9月29日，现货黄金上周五小幅上涨0.3%，周度上涨约2%，上周五盘中触及高点3790美元高点。临近国 庆长假，海外地缘冲突不断、美国面临政府关门危机、美联储货币政策转向，黄金长线逻辑未变，警惕 长假风险。 美国再次面临政府关门危机，上周五美国总统放狠话，政府关门要关就关、全怪民主党，众院拟休会到 下月，除此之外，本周一白宫国会两党领袖可能会见。经济数据方面，美联储依赖的9月非农就业报告 或被迫延迟发布。国庆期间还有一份美联储9月议息会议纪要公布，接下来降息路径依然是市场关注重 点。上周五，美核心PCE物价指数8月数据公布，环比增0.2%符合预期，消费支出连续三个月增长。 综上，长假期间黄金波动预期加大，关注黄金能否连续破高点。 2025年9月29日，早盘开盘，国内期货主力合约跌多涨少，沪银涨超4%，沪金涨超1%，燃料油、原油 小幅上涨；跌幅方面，焦煤、玻璃跌超3%，焦炭、纸浆跌超2%，烧碱、纯碱跌近2%。 | 序 | 合约名称 | 温新 | 现手 | 天价 | 英价 | 原(后) | 天堂 | 英语 | 成交量 | 准路 | 持仓座 | 日常仓 | | --- | --- | - ...

9月22日-9月26日，随着美联储降息落地、避险情绪升温及资金持续涌入，上周金价显著抬升，截至收 盘，COMEX黄金期货价格周度上涨2.27%报3789.8美元/盎司，周内再创历史新高，截至亚市收盘，黄 金ETF华夏（518850）周度涨3.35%，黄金股ETF（159562）周度涨4.41%。 经济数据上修降低降息预期，美国第二季度实际个人消费支出季率终值 2.5%，预期1.7%，前值1.6%； 美国第二季度实际GDP年化季率终值 3.8%，预期3.30%，前值3.30%；本周经济数据对市场的影响加 大，在2季度经济数据显示向好后，市场降低了美联储降息的必要性，市场对美联储10月维持利率不变 的预期概率由10%上升至15%；美国9月标普制造业PMI录得50.2，仍处枯荣线之上。 混沌天成期货分析指出，中长期而言，全球货币债务信用和全球地缘政治逆全球化仍是主要支撑，但短 线交易上仍需关注波动率，避险和宽松交易的区别。长周期向上逻辑不改，且存在发酵上攻的可能，但 从交易角度仍需谨慎对待短线波动，这一轮上行上攻的势能存在放缓的可能，且假期美国的非农数据将 对宏观主线形成较大干扰，假期前仍需保持合理仓位。 每日经济 ...

中新网宁夏新闻9月28日电 （记者 于晶）9月28日，"购在中国·爱尚宁夏"2025宁夏"首发经济赋能宁 夏消费升级"主题沙龙在砂之船（银川）奥莱成功举行。本次活动汇聚政府、企业及学界代表，围绕首 发经济的内涵、本土品牌培育及其对区域消费的拉动作用等议题进行了深入交流。 沙龙研讨中，宁夏商务厅相关负责人指出，"首发经济不仅是品牌首店的物理落地，更是新业态、新模 式与区域消费需求之间的精准匹配和深度融合。"与会者一致认为，首发经济正成为驱动区域消费升级 的核心引擎。 砂之船（银川）奥莱作为典型案例在沙龙上被重点剖析。该企业作为国内奥特莱斯领域的领先者，已引 入超过400家品牌入驻银川，并创新打造了宁夏首个室内恒温江南文旅主题街区——"奥莱江南不夜 城"。其"超级奥莱模式"通过持续的品牌引入、沉浸式IP场景构建与数字化联动，为宁夏及周边省区消 费者提供了更丰富的购物选择。砂之船奥莱集团相关负责人表示，选择落户银川，是基于宁夏在推进黄 河流域生态保护和高质量发展先行区建设中展现出的巨大消费潜力与政策活力。宁夏及银川市通过优化 营商环境、提供招商政策支持、推动商业设施升级等一系列举措，为头部商业综合体落地发展创造了有 ...

哪些企业能享受"研发费用加计扣除"？ 研发费用加计扣除政策是国家为激励企业科技创新、推动产业升级实施的重要税收优惠政策，对企业降 低研发成本、增强创新活力作用显著。近期，国家税务总局曝光多起违规骗取该政策优惠的偷税案件， 为广大企业规范享受税收优惠释放了强烈警示信号。政策红利如何应享尽享？合规底线又该如何守住？ 针对企业在政策适用中高频关切的上述热点问题，多位财税专家和税务干部进行了系统解读。 针对企业对自身资质能否享受政策的疑虑，江西财经大学财税研究中心主任席卫群表示，政策适用的核 心与企业规模无关，关键在于"研发行为真实性"和"研发费用核算归集的准确性"。根据《财政部 国家 税务总局 科技部关于完善研究开发费用税前加计扣除政策的通知》(财税〔2015〕119号，以下简称 《通知》)规定，除负面清单行业外，会计核算健全、实行查账征收且能准确归集研发费用的居民企业 均可享受优惠；此外，为获得创新性、创意性、突破性的产品进行创意设计活动的企业，相关费用也能 加计扣除。 那么，什么是研发费用加计扣除？席卫群介绍，企业为开发新技术、新产品、新工艺所发生的研究开发 费用，在计算企业所得税应纳税所得额时，可在实际发生额 ...