Core Viewpoint - Broadcom has reported impressive earnings driven by strong demand for AI-related products, particularly custom ASIC chips, which are tailored for cloud service providers, contrasting with Nvidia's focus on general-purpose GPU chips [1][3][5]. Financial Performance - For Q3 of FY2025, Broadcom achieved revenue of $15.952 billion, a 22% year-over-year increase, and adjusted net income of $10.702 billion, up 30.15% [1]. - AI business revenue reached $5.2 billion in the same quarter, reflecting a 63% year-over-year growth, slightly exceeding the previous guidance of $5.1 billion [1]. Market Dynamics - The demand for ASIC chips is rising as they are better suited for specific AI inference needs, leading to a competitive landscape where both GPU and ASIC markets are expected to grow together [4][8]. - Broadcom's CEO indicated that AI semiconductor revenue is projected to accelerate, with expectations of reaching $6.2 billion in Q4, marking 11 consecutive quarters of growth [5]. Customer Demand - Broadcom's XPU business accounted for 65% of its AI revenue in Q3, driven by increasing orders from three major clients, which are expected to create a serviceable addressable market of $60 billion to $90 billion by FY2027 [5]. - A new order worth $10 billion for XPU chips has been received, potentially from OpenAI, which could enhance Broadcom's AI performance beyond previous expectations [5]. Competitive Landscape - Other companies like Marvell are also benefiting from the demand for custom ASIC chips, with Marvell reporting a 58% year-over-year revenue increase in its latest quarter [6]. - The ASIC chip market is anticipated to expand as AI applications grow, potentially surpassing the AI training market, which is dominated by GPU chips [6][8]. Future Projections - Analysts predict that from 2023 to 2028, the compound annual growth rate (CAGR) for high-end cloud AI accelerators will be 50% for GPUs and 52% for AI ASICs, suggesting that AI ASIC shipments may exceed those of GPUs by 2028 [9].

记者丨吴抒颖 编辑丨张伟贤 继北京、上海之后，深圳房地产政策也迎来了调整。 9月5日深夜，深圳市住房和建设局、中国人民银行深圳市分行联合印发《关于进一步优化调整本市房地产政策措施的通知》（下称"《通 知》"），自9月6日起，深圳分区优化调整居民购买商品住房政策、分区优化调整企事业单位购买商品住房政策、优化调整个人住房信贷政 策。 | 首页 | 信息公开 | 政务服务 | 互动交流 | 请输入关键词 | | --- | --- | --- | --- | --- | | 深圳市住房和建设局 | | | | | 这次核心的调整集中在，罗湖、宝安西乡街道被移出核心限购区，深户、或者在深圳有1年连续社保、个税缴纳证明的非深户在罗湖、宝安 （不含新安街道）、龙岗、龙华、坪山、光明购房不限套数，非深户则限购2套。 深圳龙岗区一处新房营销中心，现场不少购房者正在咨询。图/证券时报 短期市场向好 深圳此次新政的力度相对温和，但是对于刚需客户而言，却是入市的窗口期。 从购房成本来看，《通知》指出，在利率定价机制安排方面，不再区分首套住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水 平。 据乐有家研究中心计算， 新政后 ...

Group 1 - The core viewpoint of the article highlights the rising trend of emotional consumption among Generation Z, with a significant increase in interest and spending on emotional value products [1][2]. - In the second quarter of 2025, Labubu-related content on the Soul APP saw a staggering year-on-year increase in post volume by 3133.2% and search volume by 2643.7%, indicating a strong market demand for emotional value products [1]. - Over 90% of young people recognize emotional value, with 60% willing to pay for it, reflecting a shift towards "happy consumption" where emotional value is prioritized over price [1][2]. Group 2 - The report indicates that nearly 90% of young people have experienced spending for emotional value, with 40% being frequent consumers, and an average monthly expenditure of 949 yuan, with nearly 20% willing to spend over 2000 yuan monthly for happiness [2]. - There is a growing perception among over 70% of young people that the threshold for obtaining emotional value through consumption is rising, with 35.7% stating that ordinary products no longer satisfy them [2]. - Gender differences in motivations for emotional spending are noted, with women leaning towards self-reward and premium purchases, while men seek recognition and a sense of identity [2].

Core Viewpoint - The article highlights the successful branding and marketing of Guangdong lychee under the name "Oriental Love Fruit," which has significantly increased its export volume and market presence both domestically and internationally [2][3][8]. Summary by Sections Export Performance - In the first seven months of 2025, Guangdong exported 13,000 tons of lychee, marking a year-on-year increase of 97.2% [2]. - The export volume of Guangdong lychee first exceeded 20,000 tons in 2021, reaching four times that of 2020 and six times that of 2019 [2]. Branding and Marketing Strategy - The "Oriental Love Fruit" brand was launched at the 21st China (Shenzhen) International Cultural Industries Fair, aiming to enhance market recognition and cultural value [3][4]. - The brand generated 1.5 tons of domestic and international procurement orders on its launch day and has successfully penetrated high-end fresh markets, including a 48-hour delivery to New York [3][4]. Cultural and Emotional Appeal - The branding strategy leverages cultural narratives and emotional connections, using "love" as a universal language to resonate with diverse consumer demographics [5][8]. - The brand's story incorporates historical references and cultural elements, enhancing its appeal and marketability [4][5]. Media and Social Engagement - A multi-layered communication strategy was employed, utilizing social media, live streaming, and collaborations with influencers to amplify brand visibility [6][10]. - The brand's launch coincided with significant media coverage and public engagement, leading to a rapid increase in online discussions and interest [4][6]. Market Integration and Future Prospects - The initiative aims to integrate fragmented regional resources and create a sustainable ecosystem for the lychee industry, potentially expanding into cultural tourism and creative industries [3][8]. - The article emphasizes the importance of transforming brand awareness into sales, with a focus on enhancing the cultural value of lychee to improve its market competitiveness [10][12]. International Market Expansion - The "Oriental Love Fruit" brand is positioned to elevate Guangdong lychee from a tropical fruit to a cultural symbol, aiming for a stronger presence in international markets [8][15]. - The article notes that Guangdong lychee exports exceed 8,000 tons annually, accounting for 55% of the national total, with aspirations to establish a global brand identity [15].

世界公益史上跨越媒介局限实现破圈传播的案例不多，1 9 8 5年LIVE AID （拯救生命）演唱 会 借 助 电 视 触 达 1 5 亿 观 众 、 2 0 1 4 年 冰 桶 挑 战 通 过 社 交 媒 体 病 毒 式 传 播 ， 这 两 个 就 是 经 典 案 例。 每一代最具影响力的公益实践，都与当时最流行的媒介形态紧密耦合，将不同群体愈发紧密 地联系在一起。现在看来，随着生活中的数字场景越来越多，游戏作为时下最具有潜力的传 播载体，在虚实交互间，正通过简单轻松的方式，激励用户参与公益行为，达成慈善目的。 这样既能高效触达大众、降低参与门槛，又能通过机制设计与技术创新，支撑更长期、可评 估的善意实践。可以说，游戏这个"超级数字场景"正在扩写公益事业的内涵。 在 国 内 ， 一 年 一 度 的 " 久 久 公 益 节 " 正 在 进 行 。 其 中 ， 腾 讯 成 长 守 护 联 动 6 0 多 款 游 戏 共 同 参 与，发起了"游戏礼包捐"活动。 游戏"礼包捐"活动 从社交媒体中可以看到，玩家关于参与"礼包捐"活动的相关讨论和攻略并不鲜见，发帖展示 活动回礼，成了他们分享善意与快乐的一种方式。对玩家 ...

Core Viewpoint - The article highlights the rapid development and transformation of Qianhai, Shenzhen, into a global hub for high-end service industries, showcasing its increasing capacity for global production factor allocation and its role as a model for urban development in the Guangdong-Hong Kong-Macau Greater Bay Area [2][4]. Group 1: Economic Development - Qianhai has seen significant advancements in high-end service industries, with modern service industry value added accounting for over 60% of GDP [1]. - The first phase of the Qianhai Plan aims for a robust development of high-end factor aggregation and radiation effects by 2025, which has largely been achieved [2]. - The financial sector in Qianhai has experienced double-digit growth for three consecutive years, with a 13.8% increase in the first half of 2025 [5]. Group 2: Financial Sector - Qianhai serves as a crucial link between Hong Kong and international markets, facilitating foreign capital entry into China [5]. - The establishment of the first "dual-license" foreign bank in Qianhai, along with the approval for Fubon Bank to set up a branch, underscores its growing financial capabilities [5]. - The financial institutions in Qianhai have reached 503, with nearly 30% being foreign and Hong Kong capital [5]. Group 3: Arbitration and Legal Services - Shenzhen International Arbitration Court has enhanced its international credibility, with 733 foreign arbitrators from 129 countries, and a significant increase in arbitration case values [7]. - In 2024, the arbitration cases handled by Shenzhen International Arbitration Court reached 142.2 billion yuan, marking a 45% year-on-year increase in the number of countries involved [7]. Group 4: Technological Innovation - Qianhai is integrating modern service industries with manufacturing, promoting the development of "service-oriented manufacturing" [9]. - Companies like YingShi Innovation and DaiMeng Robotics are leveraging Qianhai's advantages for technological advancements and capital access, with significant increases in R&D expenditures [10][12]. - The establishment of a comprehensive "embodied intelligence port" in Qianhai is underway, focusing on the entire supply chain from core components to application [12]. Group 5: Logistics and Trade - Shenzhen Airport is a key logistics hub, with a projected cargo throughput of 260,000 tons by the end of 2024, reflecting a 17.6% year-on-year growth [15][17]. - The airport has expanded its international cargo routes, establishing connections with 43 cities and 63 global cargo destinations [15]. - Innovative customs services have reduced logistics costs by approximately 30% for businesses operating in Qianhai [17]. Group 6: Urban Development and Quality of Life - Qianhai is evolving into a "4.0 version of urban centers," integrating production, living, and ecological aspects, with significant investments in infrastructure and urban projects [22]. - The area is becoming a center for high-quality living services, with major projects like K11 ECOAST and the Bay Area Book City enhancing its urban appeal [20][22]. - The social retail sales in Qianhai reached 30.99 billion yuan in the first seven months of the year, marking a 14.4% increase [22].

近半个月以来，公募基金核心高管批量更迭，"换帅潮"席卷招商、工银瑞信、华安、华宝、兴 银等众多大中型公募基金。 9月4日，光大保德信公告，高瑞东出任总经理，贺敬哲不再代任。据悉，兴业基金董事长叶文 煌也将到龄退休，拟由兴业银行总行投行与金融市场风险管理部总经理刘宗治接任。 仅8月30日一天，不仅有兴银基金、诺德基金两家公募发布董事长变更公告，更有鑫元基金、 华泰保兴基金、财达证券、财通证券资管、太平基金等多家机构发布高管变动公告。 自8月20 日以来，华安基金、工银瑞信基金、信达澳亚基金、华宝基金等也宣告董事长或总经理变更。 近一年来，公募高管变动频繁。2024年高管离任人数创历史新高，涉及135家机构；2025年延 续这一"高频"趋势。Wind数据显示， 截至今年9月2日，年内基金行业高管变更超260人次， 其中董事长超60人次、总经理超50人次，波及百余家机构。 本轮变动呈现出显著的三大结构性特征。一是如诺德基金潘福祥、兴业基金叶文煌 等元老级 人物集中退休，实现代际交接； 二是 股东战略调整与行政调动增多， 如兴银基金新任董事长 由股东华福证券董事长黄德良兼任，体现协同深化；三是 跨界人才涌入， 如光大 ...

Core Viewpoint - The article discusses the transformation of Chancheng District in Foshan, which has shifted from a traditional development model to a high-quality growth strategy, becoming a leading example of urban transformation in China [1][3]. Group 1: Urban Development Strategy - Chancheng has identified its position within the broader national context of transitioning from extensive growth to high-quality development, focusing on technological innovation and demand expansion [3][4]. - The district aims to upgrade from a "central urban area" to a "city center," establishing four key centers: urban manufacturing, industrial services, commercial consumption, and Lingnan culture [3][4]. Group 2: Resource Optimization - Chancheng faces challenges in optimizing land resources for new enterprises, as many startups leave due to a lack of space [7][9]. - The "collective land to national land" reform aims to reduce transaction costs and improve land use efficiency, facilitating the integration of industrial development with urban renewal [7][9]. Group 3: Service Industry Development - The district recognizes the trend of "manufacturing returning to urban areas," emphasizing the need for high-end production services to support traditional industry upgrades [10][11]. - Chancheng has launched a three-year action plan for productive service industries, aiming to create a service center that empowers the manufacturing sector [10][11]. Group 4: Consumer Market Potential - Foshan's per capita disposable income is significantly higher than national and provincial averages, indicating strong consumer potential [12]. - The district is seizing the opportunity to develop a commercial consumption center, enhancing local shopping experiences and retaining consumer spending within the region [12][14]. Group 5: Reform and Innovation - Chancheng's reform experience highlights a shift from relying on large-scale government projects to fostering market-driven growth through innovative resource allocation [15][18]. - The district's approach emphasizes the role of government as a facilitator rather than a primary driver of economic growth, promoting a collaborative environment for various stakeholders [17][18].

Core Viewpoint - The well-known livestreamer Xinba has announced his retirement from the livestreaming industry due to health issues, amidst allegations related to the sale of potentially harmful sanitary napkins, leading to investigations and multiple charges against him [1][2]. Group 1: Xinba's Retirement and Health Issues - Xinba, who has 100 million followers, stated that he can no longer handle the pressures of livestreaming and officially announced his retirement [1]. - Xinba's health condition has reportedly deteriorated, with his lung function reaching its limit, prompting the transfer of his account as a company asset to his wife, Churui Xue, who will take over Xinxuan Group [1]. Group 2: Product Quality Controversies - Xinba's brand "Cotton Password" faced scrutiny after high levels of thiourea were detected in its sanitary napkins, raising health concerns [1]. - Several consumers reported being diagnosed with cancer after using the "Cotton Password" sanitary napkins, leading to increased public attention on product quality issues associated with Xinba's livestreamed products [1]. - In March 2023, Xinba's promotion of "Cangye Farmer Beef" was criticized for quality issues, with complaints about synthetic meat and unlisted food additives [2]. Group 3: Previous Controversies and Business Background - Xinba has faced multiple controversies in the past, including a 2020 incident where a product he promoted was found to primarily contain sugar water, resulting in a public apology and a compensation commitment of 61.98 million yuan [2]. - Xinba, born in 1990, began his livestreaming career in 2016 and founded the "Cotton Password" brand in 2017, achieving significant sales success during events like Double Eleven [2]. - As of September 2024, Xinba's personal livestreaming account on Kuaishou was permanently banned due to ongoing controversies, although the ban was lifted shortly after [2].

来源丨央视新闻 编辑丨黎雨桐 SFC 据央视新闻报道，十四届全国政协经济委员会副主任易会满涉嫌严重违纪违法，目前正接受中 央纪委国家监委纪律审查和监察调查。 ...