来源丨新华社 编辑丨金珊 SFC 外交部发言人10月29日宣布：经中美双方商定，国家主席习近平将于当地时间10月30日在韩 国釜山同美国总统特朗普举行会晤，就中美关系和双方共同关心的问题交换意见。 ...

10月29日，宝宝巴士股份有限公司发布《关于宝宝巴士APP出现不良广告一事的致歉及整改声 明》： 对于近期用户关注的我司APP产品跳转不良广告一事，我司高度重视。对此次广告事件造成不 良影响，我们深表歉意。 我司已第一时间下线了相关平台广告，并立即停止合作，同时迅速 开展全面自查自纠、举一反三 。针对此次广告事件暴露出我司在广告监管和审核上的问题， 我司坚决进行整改优化： 2 智能 悦 读 · 权 威 . ry S 扫码点击下载 据公司官网，宝宝巴士（BabyBus）是专注打造儿童启蒙数字产品的原创品牌，其秉承"快乐 启蒙"的理念，为儿童提供免费的数字内容。 宝宝巴士现已发布超过200款APP、4500多集儿 歌动画、16000多期国学故事等。 对此，你怎么看？欢迎评论区聊聊 来源丨宝宝巴士微信公众号、2 1视频（编辑：王学权）、公开信息 编辑丨金珊 未盈利上市首日涨近200%，68岁京东方创始人再获千亿IPO 一批楼市限制性措施或被清理 SFC 21君荐读 2. 完善对公司广告合作方的审核机制，严格筛选正能量的广告合作方，决不允许类似事件再次 发生； 3. 针对广告合作方无法监控的广告，宝宝巴士立即组建研发 ...

Core Viewpoint - Guangdong's top 500 enterprises are accelerating their transition towards innovation-driven and value-creating models, becoming key carriers for the development of new productive forces [1]. Group 1: Scale and Growth - The total revenue of the top 500 enterprises in Guangdong reached 19.36 trillion yuan, setting a historical record [2][3]. - From 2021 to 2025, the total revenue of these enterprises is projected to increase from 16.73 trillion yuan to 19.36 trillion yuan, with a growth rate of 3.36% in 2025, significantly rebounding from 0.37% in 2024 [3]. Group 2: Asset Expansion - The total assets of Guangdong's top 500 enterprises are expected to grow from 56.62 trillion yuan in 2021 to 68.33 trillion yuan in 2025, accumulating an increase of over 11 trillion yuan over five years [5]. - In 2025, the total R&D expenditure of these enterprises is projected to reach 584.96 billion yuan, indicating a shift towards investing more in fundamental research and key core technologies [5]. Group 3: Industry Structure and R&D Investment - Knowledge-intensive sectors are particularly active, with the scientific research and technical services industry having a R&D intensity of 19.00%, amounting to 191.65 billion yuan in R&D expenses [6]. - The manufacturing sector, as a cornerstone of the economy, has a total R&D expenditure of 279.51 billion yuan [6]. Group 4: Taxation and Policy Impact - Despite growth in assets and revenue, the total tax paid by enterprises has steadily decreased from 901.27 billion yuan in 2021 to 681.19 billion yuan in 2025, reflecting a cumulative reduction of over 220 billion yuan [8]. - This "two increases and one decrease" trend indicates that tax reduction policies have created favorable conditions for enterprises to increase R&D investment and expand production [8]. Group 5: Regional Coordination and Challenges - The report highlights a significant disparity in performance among regions, with the Pearl River Delta region accounting for 98.25% of the revenue and 98.91% of the net profit of the top 500 enterprises [10]. - The report suggests establishing a regional collaborative system that combines "Pearl River Delta innovation radiation + unique undertakings in eastern and western Guangdong" to enhance coordination and innovation spillover effects [12].

中国资本市场在"十四五"收官之年交出亮眼成绩单： 截至2025年10月28日，A股上市公司总 数达5444家，总市值突破118万亿元，"十四五"期间连续五年稳居全球第二大资本市场 。 这一里程碑式的成就，为10月27日证监会主席吴清在2025金融街论坛年会上阐述的"十五 五"资本市场改革路线图提供了坚实注脚。他强调将以投融资综合改革为牵引，推动市场实现 更深层次变革。 五年来，上市公司作为实体经济"基本盘"的地位更加巩固——营业收入占GDP比重从"十 三五"时期的52.0%攀升至58.3%，实体上市公司利润总额占规模以上工业企业利润总额的 比重由35.5%提升至49.0%。 更为深刻的是结构性质变： 科技产业市值占比逼近五成，电子行业超越银行业成为A股第 一大行业 ，资本市场与实体经济正形成更紧密的共生关系。 "十四五"期间，中国资本市场结构发生深刻变革，科技与创新逐渐取代传统行业，成为驱动 市场增长的新引擎。 截至2025年三季度，战略性新兴行业上市公司家数占比从42.6%升至52.3%，首次占据半 壁江山。利润结构发生历史性转变——实体上市公司利润占全部上市公司的52.0%，开始 超过金融业。 市值结构同 ...

Core Viewpoint - The article discusses the stance of the Chinese government regarding Taiwan relations, emphasizing the commitment to peaceful reunification while retaining the option of using force if necessary [1]. Group 1 - The spokesperson from the State Council Taiwan Affairs Office reiterated that the fundamental policy towards Taiwan is consistent and clear, highlighting "peaceful reunification and one country, two systems" as the best approach to resolve the Taiwan issue [1]. - The government expresses willingness to create broad space for peaceful reunification and aims to make maximum efforts to achieve this goal, while firmly opposing "Taiwan independence" and foreign interference [1]. - The spokesperson calls for joint efforts from compatriots on both sides of the Taiwan Strait to promote national reunification and shared prosperity for the Chinese nation [1].

国台办发言人彭庆恩表示，习近平总书记指出，"'和平统一、一国两制'是实现国家统一的最 佳方式，体现了海纳百川、有容乃大的中华智慧，既充分考虑台湾现实情况，又有利于统一后 台湾长治久安"。和平统一将给台湾经济社会发展创造巨大机遇，将给广大台湾同胞带来实实 在在的好处。祖国大陆人口多，市场广，产业强，完全容得下来自台湾的商品和企业。立足祖 国大陆超大市场和规模经济优势，结合自身科技特色和人才优势，台湾经济发展将焕发新的活 力。两岸实现互联互通、应通尽通，台湾的能源资源保障将得到增强，基础设施建设将得到发 展。两岸实现公共服务和公共资源共享，将为台湾同胞生活提供更多便利，共享中国式现代化 发展成果。在中华文化的传承和滋养中，台湾同胞的创造力将得到充分激发，精神文化生活将 更加丰富多彩。有强大祖国做后盾，台湾的安全和发展利益将得到充分保障，台湾同胞在国际 上腰杆会更硬、底气会更足，更加安全、更有尊严。 来源丨人民日报 编辑丨曾静娇 见习编辑张嘉钰 10月29日，国务院台办举行例行新闻发布会。 SFC 有记者问：中共中央政治局常委、全国政协主席王沪宁出席纪念台湾光复80周年大会发表讲话 表示，以和平方式实现统一，对两岸 ...

随着房地产市场回归理性，购房者更重视住房的居住属性，"好房子"的建设也顺应趋势加快进 程。 10月28日， 广州市住房和城乡建设局印发《广州市推进"好房子"建设的工作指引（试行）》 （下文简称"指引"） ，着眼于解决当前住房在安全性、功能性、舒适性等方面存在的普遍性 问题，从安全、舒适、绿色、智慧四个方面提出"好房子"建设标准。 这是又一座一线城市出台"好房子"建设指引。 从实操的角度看，广州这份指引覆盖了建造工 艺、空间设计以及软件配套等方面，全方位解读"好房子"的建设标准。 受到市场环境影响， 广州过去的住宅设计多数偏向紧凑型，指引的出台有望改善这一局面。 实际上，不仅是广州，山东、甘肃和上海等地也已经陆续发布"好房子"的建设指引，通过技术 规范与政策引导，推动居民住房向更高品质、更可持续的方向迈进。这也为房企提出了更高的 要求，当住房的金融属性退却，未来产品力的比拼将是获得购房者青睐最重要的法宝。 提升居住体验 受到市场环境的影响， 广州住房建设在很长一段时间内偏向基础型，即便是改善型住宅，也 更关注地段配套等硬性条件，而非住房本身的居住体验。 这也是全国住房建设的短处。在房地产市场高速发展的年代，住房 ...

Market Overview - Major Asia-Pacific stock indices collectively rose, with the Nikkei 225 index breaking the 51,000-point mark for the first time, and the South Korean Composite Index increasing by over 1% [1][10] - The Shanghai and Shenzhen markets saw a half-day trading volume of 1.42 trillion, an increase of 71.9 billion compared to the previous trading day [2] Stock Performance - The Shanghai Composite Index rose by 0.37% to 4002.83, while the Shenzhen Component Index increased by 0.90% to 13550.65 [3] - The ChiNext Index saw a rise of 1.35% to 3273.28, and the CSI 300 Index increased by 0.48% to 4714.54 [3] Sector Performance - Quantum technology, the Nvidia supply chain, and Hainan Free Trade Port sectors led the gains, while sectors like cross-strait integration, server concepts, banking, liquor, and semiconductors showed weakness [5] - Notable stocks in the quantum materials sector included Keda Guokuan, which surged by 12.78%, and Tianrongxin, which rose by over 10% [6] Nvidia and Related Stocks - Nvidia's stock rose nearly 5% in the US market, approaching a market capitalization of $5 trillion, leading the Dow Jones index [8] - The Nvidia supply chain saw multiple stocks rise, with Shanzi Gaoke hitting the daily limit and Industrial Fulian increasing by over 7% [6][7] Financial Sector - The financial sector experienced localized surges, with the securities sector leading the gains, including Huashan Securities hitting the daily limit [9] Japanese Market Factors - Four key factors driving the Japanese stock market include corporate profit growth and low valuations, loose monetary policy and yen depreciation, new Prime Minister Kishida's economic policy expectations, and external positive factors such as reduced uncertainty regarding US tariffs [12]

Core Viewpoint - Qualcomm is making a significant move into the data center market with the launch of its next-generation AI inference optimization solutions, including the Qualcomm AI200 and AI250 chips, which are expected to be commercially available in 2026 and 2027 respectively [1][3][4]. Group 1: Product Launch and Market Strategy - Qualcomm announced the introduction of AI200 and AI250, targeting AI inference workloads with a focus on low total cost of ownership (TCO) and optimized performance [4][8]. - The AI200 solution is designed for large language models (LLM) and multimodal models (LMM), while the AI250 will utilize near-memory computing architecture to achieve over 10 times effective memory bandwidth [4][8]. - Both solutions will feature direct liquid cooling for improved thermal efficiency and will support PCIe and Ethernet for scalability [7][8]. Group 2: Historical Context and Competitive Landscape - This is not Qualcomm's first attempt to enter the data center market; a previous effort in 2017 with the Centriq 2400 processor did not succeed due to a lack of market acceptance [3][18]. - Qualcomm has strengthened its capabilities through acquisitions and partnerships, including the acquisition of Nuvia for $14 billion, which focuses on data center CPUs [19]. - The company is also pursuing the acquisition of Alphawave IP Group, which will enhance its high-speed connectivity solutions for data centers [19]. Group 3: Market Opportunities and Challenges - Qualcomm's expansion into the data center market is seen as a new growth opportunity, especially as cloud service providers are building dedicated inference clusters [8][9]. - The AI inference market is expected to grow faster than the AI training market, with many players, including custom ASICs from cloud service providers, competing for market share [20]. - Qualcomm's differentiation strategy includes using LPDDR memory instead of the more common HBM, aligning with its goal of lower TCO [8][20]. Group 4: Initial Partnerships and Future Prospects - Qualcomm has announced its first customer for the new data center products, HUMAIN, a national AI company in Saudi Arabia, which plans to deploy 200 megawatts of Qualcomm's solutions starting in 2026 [10][9]. - The success of Qualcomm's data center strategy will depend on the performance validation of its products in real-world applications and the establishment of a robust software ecosystem [20].

Core Viewpoint - Guangdong is positioning itself as a global hub for content creators, emphasizing its openness and support for talent in the digital content industry [1][3]. Group 1: Event Overview - The "2025 Content Creator Carnival" in Guangzhou gathered over 600 global creators, MCN institutions, and media representatives, highlighting the importance of talent and content creation [3][4]. - The event showcased various well-known internet personalities who shared their success stories, emphasizing the supportive environment for creators in Guangdong [3][4]. Group 2: Support Policies - Multiple districts in Guangzhou and Shenzhen announced "Quality Content Creation Support Policy Packages," which include free creative spaces, tailored incubation, continuous traffic support, financial incentives, and preferential policies for settling and education [4][5]. - For instance, Haizhu District plans to invest 40 million yuan annually to support digital entertainment and gaming sectors, while Nansha District offers tax incentives and living subsidies to help creators go international [4][5]. Group 3: Ecosystem and Collaboration - The event highlighted a collaborative ecosystem where creators can directly interact with government representatives, fostering a responsive governance model that listens to creators' needs [5][9]. - Tencent, a leading internet platform, introduced support plans for content creators, including traffic allocation and monetization assistance through its various platforms [5][6]. Group 4: Cultural Richness and Inspiration - Guangdong's diverse cultural heritage, including Cantonese, Chaoshan, and Hakka cultures, provides a rich source of inspiration for content creators, leading to the production of popular content and personal brands [9][10]. - Creators expressed that the supportive and open environment in Guangdong allows them to thrive and innovate, contributing to the region's cultural and economic landscape [9][10]. Group 5: Future Prospects - The carnival aims to establish the Guangdong-Hong Kong-Macao Greater Bay Area as a leading experimental zone for new content production capabilities, enhancing the narrative of Chinese stories [10][11]. - The ongoing support for creators is expected to further integrate cultural industries with digital economy innovations, strengthening the region's soft power and economic development [10][11].