复盘一季度操作，张昆指出，一季度债券市场利率中枢上移。基于基本面及流动性的边际变化，汇安信 泰稳健一年持有期混合基金调节控制组合杠杆久期，在保证组合流动性的同时，适度参与波段交易。同 时结合权益市场整体上行的背景，在当前政策环境下，张昆认为，扩内需和发展新质生产力是未来两条 权益投资主线。扩内需方面，地产板块逐步止跌企稳、发展新兴消费模式是有力抓手；同时，以AI产 业链、人形机器人等科技板块为主的新兴产业将是高质量发展的重要路径。但阶段性需要考虑仓位管 控，在风险偏好波动之时，以电力、公用事业等为代表的防御板块亦进行阶段配置。 关税风波扰动下，近来股市又开启震荡模式，而债市在经历此前回调后趋于回暖。在此背景下，"以债 为盾，以股为矛"的固收+品种再度收到投资者关注。近期出炉的公募基金产品2025年一季报，也为投 资者审视基金经理过往操作和投资思路提供了些许参考。 展望后市，张昆认为，短期内债券市场可能维持宽幅震荡。当前经济基本面仍处于弱复苏状态，消费、 投资和进出口数据整体偏弱，对债券市场形成支撑。在这种环境下，通过灵活调整久期和票息策略，仍 有机会捕捉收益。而股票市场将以结构性行情为主，全面牛市或熊市的出现 ...

恒信资本成立于2011年，初创于历史文化名城西安，随后在北京、上海、广州、深圳及香港等金融重镇 设立分支机构，形成覆盖全国主要金融区域的战略布局。自成立以来，恒信资本始终专注于A股市场， 依托自主研发的量化交易系统，融合大数据分析与人工智能技术，为投资者提供稳定、高效、科学的资 产管理服务。 一、企业使命与理念 在资本市场复杂多变的环境中，恒信资本秉持"科技赋能投资，数据驱动决策"的理念，致力于用先进的 量化技术解决传统投资中"主观性强、执行不一、风控薄弱"等问题。通过构建系统性交易策略与严格的 风险管理机制，恒信资本力求在不确定性中寻找可控的增长路径，实现客户资产的持续稳健增长。 二、量化基金核心优势 1. 智能决策系统 依托大数据平台与AI算法，恒信资本研发出高性能的量化选股与交易模型，涵盖趋势预测、因子分 析、资金流监控等多维度策略模块，确保投资决策的科学性与前瞻性。 2. 完善的风险控制机制 恒信资本构建了完善的风险管理体系，涵盖多因子风控模型、动态资产配置、止盈止损策略与极端行情 应对机制，能有效规避黑天鹅事件影响，保障基金净值平稳运行。 3. 市场趋势前瞻能力 基于对产业链上下游的深度研究与资金流 ...

Core Insights - The government work report emphasizes the development of intelligent connected new energy vehicles (NEVs) as a key task for 2025, indicating a continued focus on the transformation of China's automotive industry [1] - GAC Finance, a subsidiary of GAC Group, is committed to driving the "zero carbon" transition in the automotive industry through a "technology + green" dual approach, establishing a "Golden Triangle Ecosystem" [1][10] Group 1: Development and Strategy - GAC Finance is enhancing its financial services by creating a "Golden Triangle Ecosystem" that improves collaboration between manufacturers, customers, and itself, aiming for high-quality development [2][4] - The company is actively launching new products, including various intelligent driving models, to showcase its technological advancements and enhance customer experience [4][14] Group 2: Business Expansion - GAC Finance has initiated motorcycle financing services, achieving nearly 600 contracts in Q1 2025 and over 1,100 contracts since launch, while also expanding its used car financing business with over 3,000 contracts in Q1 2025 [5] - The company has successfully issued three green bonds totaling 7.5 billion yuan in 2024, marking a significant achievement in supporting environmental sustainability [12] Group 3: Technological Innovation - The "Kunteng" new core system has been developed to enhance the "Golden Triangle Ecosystem," significantly improving operational efficiency, with sales process efficiency up by 57% and risk control success rates increasing by 36% [6][8] - This system is a major innovation in financial technology, providing robust support for the digital transformation of the automotive industry [8] Group 4: Commitment to Green Finance - GAC Finance is deeply engaged in green finance initiatives, contributing to the industry's "zero carbon" goals and responding to national green development policies [10][16] - The company has developed tailored financial solutions for new intelligent driving models, facilitating easier access for customers to GAC Group's products [14]

作为广受年轻用户喜爱的品质生活购物社区，近期鸿蒙版得物App已经基于HarmonyOS 5，完成了对华 为Pura X的深度适配，在外屏上便可直接使用，浏览、购物体验便捷程度拉满；同时实现了登录体验、 视觉体验、使用体验等方面的全面升级，目前鸿蒙版得物App累计下载量已突破100万。 在首款全面搭载鸿蒙5系统的手机华为Pura X上，鸿蒙版得物App带来了便捷有趣的玩法。对于想要了 解的信息，可以在华为Pura X的外屏上直接打开鸿蒙版得物App，点击搜索框一键直达心仪商品；用户 也可以在华为Pura X的外屏上，轻松完成浏览好物、下单购买等操作，购物体验"便捷随行、大有不 同"。 此外，鸿蒙版得物App还接入了多项鸿蒙5创新能力，使用体验焕然一新，例如： • 鸿蒙版得物App支持华为账号一键登录，极大简化了用户的登录流程，让用户能够快速进入应用，畅 享便捷服务。 • 在视觉体验方面，鸿蒙版得物App内图文视频的切换实现了"一镜到底"的流畅动效，为用户带来了更 加流畅、自然的视觉体验。拍照时，可直接调用系统相机，应用内拍摄的照片也能获得与系统相机一致 的效果，让评论和分享图片也能质感满满。 自去年2月上架应用 ...

Core Insights - The 2025 TUYA Global Developer Conference was held in Shenzhen, focusing on the intelligent transformation of industries through AI and IoT technologies [1] - Wu Di, head of intelligent algorithms at Volcano Engine, shared insights on how AI is reshaping industry ecosystems, emphasizing the exponential growth of AIoT chips and edge capabilities in the coming years [1] - The collaboration between Volcano Engine and Tuya Smart aims to enhance AI capabilities in various products, improving user interaction experiences through advanced technologies [4][5] Group 1: AIoT Development - AIoT chips and edge capabilities are expected to experience geometric growth, with edge devices acting as "data optimizers" to provide precise sensor inputs and smart information preprocessing [1] - The collaboration between Volcano Engine and Tuya Smart has led to significant improvements in voice command recognition accuracy by over 20%, even in noisy environments [4] - The integration of large language models enhances the ability of AI products to engage in creative dialogues, increasing user engagement and product appeal [4][5] Group 2: Edge-Cloud Collaboration - Edge devices and cloud models are essential for AIoT applications, especially in scenarios with limited connectivity or high privacy requirements [1] - The real-time conversational AI embedded hardware solution from Volcano Engine enables devices to understand and respond to user needs, providing personalized services [5] - Future collaborations will focus on exploring applications in smart health monitoring and energy efficiency, leveraging multi-modal technologies for enhanced user interactions [6]

Core Insights - The collaboration between Adidas and Bad Bunny has successfully merged sports heritage with contemporary fashion, exemplified by the new Ballerina series which pays homage to Puerto Rican culture and rhythm [1][3][5] Group 1: Product Features - The Ballerina series is inspired by the classic Taekwondo shoe from the early 2000s, incorporating modern design elements while retaining its retro silhouette [3] - The shoe features a combination of canvas and suede materials, providing breathability and a luxurious feel, while the sole is made of durable rubber for enhanced grip [3] - The design includes a quick-lacing system for convenience and safety, aligning with current fashion aesthetics [3] Group 2: Cultural Significance - The colorways of classic black and ivory white symbolize cultural depth and artistic expression, respectively, reflecting the elegance and power of dancers under stage lights [3][5] - The collaboration not only celebrates the past Adidas designs but also highlights Bad Bunny's personal style and the innovative spirit of the brand [3] Group 3: Market Reception - Since their first collaboration in 2021, the Adidas and Bad Bunny partnership has seen continuous market success, with the Ballerina series further solidifying the trend of minimalist footwear [5] - The series is positioned as more than just a shoe; it represents an artistic piece embodying the spirit of music and dance, thus driving the current trend in minimalist footwear [5]

头重如裹、舌苔厚腻，体检时血脂指标"亮红灯"……随着现代生活节奏的加快和饮食习惯的改变，血脂 异常已成为困扰许多人的健康问题。中医理论认为，血脂异常的本质是"痰湿内蕴"，而脾虚则是其核心 病机。近日，中医专家指出，春夏之交的特定时段，即今年的4月17日至5月5日期间是是逆转血脂状态 的关键"黄金调脂期"。 为何此时是调节血脂的黄金期？ 《黄帝内经》记载："脾者，土也。治中央，常以四时长四藏各十八日寄治，不得独主于时也。" 脾脏 属土，为后天之本，主运化水谷精微，濡养五脏六腑。若脾虚失职，水湿不化，则聚为痰浊，渗入血脉 导致血脂异常。中医"四时脾旺"理论指出，每季度末18天为脾土当令之时，此时脾阳升发、运化功能旺 盛，是调理脾虚痰湿的天然契机。 血脂异常的根源在于肝脾肾功能失调，春季季末涉及肝脾两个关键脏腑：春季末至立夏是肝木向心火过 渡的关键期，肝气升发易横逆犯脾，加之暑湿渐盛，内外合邪导致痰浊内生。因此这段时间进行干预调 整，极有可能将血脂从不良状态逐步逆转至健康水平；反之，若疏忽大意，则可能加速健康状态向重度 高血脂发展。 黄金期调脂优选：怡梦植物饮料 在近期举办的络病大会、糖酒会、乌镇健康大会等多个展会 ...

Group 1 - The core viewpoint of the articles highlights the acceleration of overseas mergers and acquisitions (M&A) by Chinese enterprises under the "Belt and Road" initiative, emphasizing the importance of effective risk management in these transactions [1][2] - Company B successfully completed the acquisition of overseas copper and gold mining assets, supported by Ping An Property & Casualty Insurance, which provided $15 million in buyer's M&A compensation insurance [1][2] - The acquisition represents a new milestone in cooperation between China and the seller's country in the energy and mineral resources sector, showcasing a model of mutual benefit in securing strategic mineral resources for the development of the new energy industry [3] Group 2 - The project involved comprehensive due diligence across commercial, tax, legal, insurance, and risk management aspects to assess the feasibility of the M&A [2] - Ping An Property & Casualty Insurance established a special working group to provide tailored insurance solutions and training services to Company B, ensuring a customer-centric approach [2] - Since the successful acquisition, Ping An Property & Casualty Insurance has provided over $2 billion in M&A insurance coverage to state-owned and private enterprises, facilitating more than 20 cross-border and domestic transactions [3]

Core Viewpoint - The core viewpoint emphasizes the importance of financial services in supporting the real economy, highlighting the initiatives taken by Ping An Property & Casualty Insurance Shanghai Branch to enhance high-quality development through technology, green finance, and inclusive finance [1][2][4]. Group 1: Technology Finance - The company has established a dedicated team for technology finance insurance, focusing on providing innovative insurance products that cover various stages of technology development, with a risk coverage amount exceeding 1 trillion in 2024 [2]. - Over 30 innovative technology insurance products have been developed, covering risks in sectors such as biomedicine, advanced manufacturing, and integrated circuits, with more than 3,000 biomedicine enterprises served, providing over 30 billion in risk coverage [2][3]. Group 2: Green Finance - The company has set up a Green Finance Division to support the national dual carbon strategy, with risk coverage in green insurance exceeding 17 trillion, fully covering ESG risks and green industries [4]. - Initiatives include promoting pollution liability insurance and developing products for clean energy, with 136 enterprises covered under pollution liability insurance, providing nearly 2 billion in risk coverage [4][5]. Group 3: Inclusive Finance - The company has built a comprehensive inclusive finance advisory team, participating in 15 inclusive finance events in 2024, and launched the "Shanghai Micro Insurance" program to address the insurance needs of small and micro enterprises, providing over 5 billion in risk coverage [6]. - The "Shanghai Home Insurance" product has been promoted, covering 137,000 customers in 2024, enhancing product accessibility and customer service [6]. Group 4: Service to New Citizens - The company has provided insurance coverage amounting to 47 trillion for special groups such as construction workers and delivery personnel, serving over 560,000 individuals [7]. - The company is actively involved in establishing reinsurance and aviation insurance centers in Shanghai, providing 63.6 billion in risk coverage through the aviation insurance center in 2024 [7].

2025年4月15日是第十个全民国家安全教育日，今年的主题为"全民国家安全教育 走深走实十周年"。国 家安全涵盖政治安全、金融安全、文化安全、社会安全、网络安全等多个领域，其中网络安全作为经济 社会稳定运行的重要保障，近年来受到广泛关注。特别是在企业层面，随着恶意网络活动和网络犯罪的 增加，网络安全防范已成为企业运营中的重要议题。 通过这些举措，平安产险上海分公司不仅在网络安全保险领域实现了创新突破，也为企业的数字化转型 提供了有力的保障，是运用金融手段参与网络安全空间治理的有益尝试，深度契合了全民国家安全教育 日的主题，助力国家安全"走深走实"。未来，平安产险上海分公司将不断借力科技赋能，持续创新保险 产品供给，切实提升网络安全保障能力，维护消费者的消费体验和各项权益。 针对小微企业在网络安全技术、管理方案和科技运维团队方面的痛点，平安产险上海分公司推出了"网 安e保"。"网安e保"覆盖了批发零售业、住宿业、餐饮业、制造业、房地产业、租赁和商贸服务业、教 育业、文化娱乐业、信息与技术服务行业、科技行业等多个领域，旨在帮助企业应对营业中断、网络勒 索、信息泄露等网络安全风险。 在医疗领域，平安产险上海分公司精 ...