记者丨叶麦穗 编辑丨包芳鸣 10月27日，人民币对美元中间价报7.0881，较上日调升47个基点， 创2024年10月15日以来最 高。 今年以来，人民币中间价年内涨幅约1000个基点。 截至北京时间10月27日15点30分（下同） 美元兑人民币在岸汇率下跌2.56%，美元兑人民币离岸汇率下跌更明显，为3.05%。 市场普遍认为，随着美联储降息步伐加快，人民币汇率继续走强的概率加大， 今年年底美元 兑人民币汇率或"破7"。 三因素共振，助推人民币汇率走强 东方金诚首席宏观分析师王青告诉记者，近期在美元指数震荡上行、全球汇市波动加大过程 中，人民币中间价向偏强方向调整力度有所加大。这或与年初以来国内经济走势偏强，美元大 幅下跌，而人民币对美元汇率尽管有所升值，但未能与之充分匹配有关。这意味当前稳汇率的 重心正在向稳定CFETS等一篮子人民币汇率指数转移。另外，当前外部环境波动有所加大，人 民币汇率稳中有升，为我国外贸企业提供有利的汇率环境。 中国民生银行首席经济学家温彬认为，近期人民币汇率走强，由多种因素联合促成。 一是9月出口增速创近六个月来新高 ，物价结构性回升，经济基本面对汇率平稳运行有支 撑； 从年度走 ...

Core Viewpoint - Northern Rare Earth reported significant growth in revenue and net profit for Q3 2025, driven by increased sales prices and volumes of its main products [1] Financial Performance - Q3 revenue reached 11.425 billion yuan, a year-on-year increase of 33.32% - Q3 net profit was 610 million yuan, up 69.48% year-on-year - For the first three quarters, revenue totaled 30.292 billion yuan, reflecting a 40.50% year-on-year growth - Net profit for the first three quarters was 1.541 billion yuan, showing a remarkable increase of 280.27% [1] Market Trends - The rare earth price index saw a significant rise in 2023, with a notable increase in July and August, peaking at 233 points in mid-August, which is a 43% increase compared to the end of 2024 - The overall market sentiment and strategic value of rare earths have contributed to substantial stock price increases across the industry [5] Stock Performance - As of October 27, Northern Rare Earth's stock price increased by 151.54% year-to-date, leading the rare earth sector - Other companies in the sector, such as Huahong Technology, Shenghe Resources, and Guangsheng Nonferrous, also experienced significant stock price increases, with some doubling in value [5][6]

作者丨王俊 编辑丨肖潇 "孕妇泰国坠崖"离婚案在10月10日终于落下句点。 2019年6月9日，怀有身孕的王某在泰国旅行时，被当时的丈夫俞某冬将她推下34米高的悬 崖。王某生还后，于 2023年提起了离婚诉讼，但由于俞某冬在泰国服刑，带来了跨国司法难 题，司法文书的送达程序复杂、耗时，以及被告无法回国开庭，最终中国法院通过视频庭审的 方式解决了困境，2025年10月10日，江苏省南京市秦淮区人民法院作出判决，准予离婚，并 判令男方赔偿50万元。 今天（10月27日），最高人民法院国际合作局负责人在回答记者采访时回应了该案件。 由驻泰大使馆探视时送达文书 2023年9月王某向南京市秦淮区人民法院提起离婚诉讼， 但因被告俞某冬在泰国服刑、中国的 司法文书无法有效送达从而陷入僵局。 最终，最高法委托我驻泰国大使馆在探视时向中国公民 俞某冬 送达相关司法文书。 向在境外服刑的中国公民录取询问笔录也是难题之一。 该负责人称，根据《维也纳领事关系公约》的规定，领事官员可以依条约或在无条约的情况下 以符合接受国法律的方式取证。但中泰条约未对领事官员能否在探视期间对其本国公民进行询 问并做笔录作出明确规定，这就需要看泰国国内 ...

作者丨李益文 编辑丨叶映橙 10月27日，*ST荣控（即荣丰控股，000668.SZ）开盘即封死跌停，报收10.45元/股，封单金 额近2000万元。这一走势与公司前一日发布的三季报形成鲜明对比：前三季度营收同比激增 377.55%至1.85亿元，净亏损收窄20.18%。 今年累计涨幅超60%的*ST荣控，曾在10月21日至24日实现4天3板的走势。然而， 公司独立董 事刘长坤的失联事件，瞬间扭转了市场预期。 10月26日晚间，*ST荣控连发两份公告：一份是营收激增的三季报，另一份则是独立董事失联 公告。*ST荣控公告称，自10月14日发出董事会会议通知后， 通过电话、微信等方式均无法联 系到独立董事刘长坤，截至公告披露日，公司仍未能确定联系不上刘长坤的具体原因。 *ST荣控同期披露的董事会决议公告显示，刘长坤未参加10月14日的董事会会议，亦未委托其 他独立董事参会。 值得注意的是，这一事件正值*ST荣控三季报披露关键节点，而刘长坤作为 公司任职近五年半的资深独董，2023年、2024年均曾全勤出席董事会会议。 对此，21财经·南财快讯记者以投资者身份致电*ST荣控方面，接线工作人员表示， 最近因为 三季报 ...

作者丨唐婧 编辑丨周炎炎 10月27日下午，以"创新、变革、重塑下的全球金融发展"为主题的2025金融街论坛年会在京 开幕。会上，中国人民银行副行长、国家外汇管理局局长朱鹤新发表讲话。 朱鹤新表示，近年来，面对疫情冲击、地缘摩擦、单边和保护主义抬头等多重挑战，全球经贸 活动展现出较强韧性。世界银行数据表明，2019—2024年全球贸易总额年均增长5.4%，较上 个五年提高4.6个百分点。今年以来，在错综复杂形势下，全球贸易依然较快增长。根据联合 国最新预测，今年全球贸易有望超33万亿美元，创历史新高。这种韧性的背后，是科技驱动和 开放合作两大关键力量。 党的二十届四中全会提出，扩大高水平对外开放，开创合作共赢新局面。稳步扩大制度型开 放，维护多边贸易体制，拓展国际循环，以开放促改革促发展，与世界各国共享机遇、共同发 展。要积极扩大自主开放，推动贸易创新发展，拓展双向投资合作空间，高质量共建"一带一 路"。 朱鹤新表示，下一步，国家外汇局将全面落实全会部署，统筹发展和安全，持续深化外汇领域 改革开放，守住不发生系统性风险底线，着力构建"更加便利、更加开放、更加安全、更加智 慧"的外汇管理体制机制。 一是完善"越 ...

Core Insights - AstraZeneca has officially launched its sixth global strategic R&D center in Beijing, establishing a new bridge for Sino-British pharmaceutical innovation [1] - The collaboration between AstraZeneca and Cambridge University aims to enhance connectivity, communication, and collaboration in the pharmaceutical sector, marking a new phase in Sino-British cooperation [3] - China's pharmaceutical industry is undergoing rapid transformation, driven by innovation and increasing integration into the global clinical trial landscape [4] Group 1: AstraZeneca's R&D Center and Collaborations - The new R&D center in Beijing is part of a broader strategy to strengthen the entire innovation ecosystem, enhancing capabilities from research to platform and ecosystem development [1] - The "3C" concept (Connect, Communicate, Collaborate) is central to the partnership, focusing on building trust and facilitating deeper discussions on specific research areas [3] - AstraZeneca's collaboration with Harbour BioMed in oncology and autoimmune diseases is expected to inject new momentum into drug development through a diversified cooperation model [10] Group 2: China's Pharmaceutical Innovation Landscape - The "Healthy China 2030" strategy emphasizes high-quality healthcare services and the unique advantages of pharmaceuticals, driving the rapid growth of innovative drugs [4] - By 2024, Chinese companies are expected to account for 30% of global clinical trial initiations, reflecting China's growing influence in the global clinical trial arena [4] - The increasing number of innovative drugs included in the medical insurance directory is driving the rapid growth of the original innovative drug market in China [4] Group 3: Future of Sino-British Cooperation - The partnership between AstraZeneca and local entities in Beijing represents a new model of innovation cooperation, leveraging the strengths of both sides [5] - The collaboration aims to create a comprehensive innovation ecosystem that connects early-stage research to clinical applications, enhancing the global competitiveness of Chinese pharmaceutical innovations [10][14] - The shift from simple product cooperation to a more advanced collaborative model signifies China's transition from being a "world pharmacy" to a global source of pharmaceutical innovation [14]

Core Viewpoint - The People's Bank of China (PBOC) is implementing several key measures to enhance financial stability and support economic recovery, including the resumption of government bond trading, credit repair policies for individuals, and the optimization of the digital currency management system [3][4][7][10]. Group 1: Monetary Policy and Market Operations - The PBOC will resume open market operations for government bonds to enhance monetary policy tools and improve the bond market's functionality [3]. - The central bank plans to implement policies to support individuals in repairing their credit records, particularly for those who have repaid debts affected by the pandemic [4]. - The PBOC aims to maintain a supportive monetary policy stance, utilizing various tools to ensure liquidity remains ample in the financial system [10]. Group 2: Macro-Prudential Management - The PBOC is focused on building a comprehensive macro-prudential management system to monitor the relationship between macroeconomic performance and financial risks [5]. - There will be an emphasis on assessing the systemic importance of financial institutions and implementing additional regulatory measures as needed [6]. Group 3: Digital Currency and Financial Innovation - The PBOC is optimizing the management system for digital currency, encouraging more commercial banks to participate in its operations [7]. - The central bank is exploring mechanisms to provide liquidity to non-bank financial institutions under specific circumstances [8]. Group 4: Regulation of Virtual Currencies - The PBOC will continue to combat the operation and speculation of virtual currencies within the country, maintaining a cautious approach towards stablecoins and their associated risks [9].

编辑丨巫燕玲 年内成品油价走势（截至10月14日） 来源：Wind 而此次调价为年内的第九次下调，下调确认后，私家车单次加满一箱50L的油后将少花10.5元。 私家车方面，以月跑2000公里，百公里平均油耗8L的燃油汽车为例，下次调价窗口开启前，单辆车的燃油成本将下降16元左右。物流行业以月 跑10000公里，百公里油耗在38L的重型卡车为例，在下次调价窗口开启前，单辆车的燃油成本将下降390元左右。 记者丨费心懿 成品油价今晚将大幅下调。 10月27日，国家发改委发布消息，自24时起，国内汽油价格和柴油价格分别下调265元/吨、255元/吨，折升价89 #下调0 .20元、92 #下调0 .21 元、95 #下调0 .22元、0 #下调0 .22元。 2025年以来，国内成品油零售限价目前已经历二十轮调整窗口，分别为"六涨八跌六搁浅"。上轮调价后，国内汽、柴油价格每吨较去年底分别 下跌480元、460元。 金联创成品油分析师王延婷认为，本轮计价周期内，国际原油整体呈现跌后反弹趋势，但价格下跌幅度更为明显。 具体来看，计价周期初期，国际能源署警告明年将出现供应过剩，且美中的贸易紧张局势持续，另外，市场评估印度 ...

Core Viewpoint - In 2023, Quzhou hosted a high-profile industrial capital investment conference, establishing itself as a new player in the Yangtze River Delta venture capital scene, facilitating over 62 project collaborations worth more than 500 billion yuan, and enhancing its project conversion rate [1] Group 1: Industrial Development and Competitiveness - Quzhou is strategically positioned at the intersection of four provinces but has historically lagged in economic performance, with a GDP of only 163.9 billion yuan in 2020, about one-tenth of Hangzhou's [3] - The city has focused on transforming its industrial structure, moving from traditional industries to emerging sectors, particularly in lithium battery materials and the new energy vehicle industry, leveraging its strengths in fluorochemical derivatives [3][4] - Quzhou has also developed a semiconductor industry cluster, including silicon wafers and electronic specialty gases, and has made significant investments in artificial intelligence, signaling its commitment to high-value sectors [4] Group 2: Capital Investment Strategies - Quzhou has adopted a new model of industrial capital investment centered on "state-owned capital steering and market collaboration," utilizing state-owned assets to attract and guide key industrial resources [8] - The city has established a fund matrix comprising government industry funds, state-owned enterprise investment funds, and industrial merger and acquisition funds, with the total scale of these funds growing from 15 billion yuan in 2021 to over 100 billion yuan [9] - A notable case is the acquisition of the global leader in ITO target materials, which has strengthened local industrial ties and facilitated financing for key projects [8] Group 3: Integration of Resources - Quzhou has introduced a "Five Chains Integration" model, focusing on innovation, industry, finance, talent, and service chains to enhance its competitive edge against other cities in the Yangtze River Delta [12] - The city has implemented a structured approach to improve decision-making and service levels in its industrial sectors, including initiatives like the "Enterprise Call Response" platform to address business challenges [12] - By mid-2025, strategic emerging industries in Quzhou are projected to grow significantly, with increases of 15.5% in strategic emerging industries and 13.4% in digital economy core industries, indicating the effectiveness of the integrated approach [13] Group 4: Investment Conference Outcomes - The 2023 investment conference emphasized the role of capital in driving development, attracting over 200 representatives from high-profile funds and investment institutions [16] - Following the conference, Quzhou's ranking among 30 venture capital cities in the Yangtze River Delta improved from 20th in 2019 to 6th in 2024, with annual fund investments exceeding 10 billion yuan [16] - Quzhou aims to position itself as a center of attraction and influence in the region, promoting a collaborative growth model with capital to maximize project value [16]

Core Viewpoint - The Ministry of Civil Affairs is implementing a subsidy program for elderly individuals with moderate to severe disabilities, aimed at alleviating the financial burden on families and promoting the development of the elderly care service industry [2][4]. Summary by Sections Subsidy Program Implementation - The subsidy program for elderly care services will be piloted in several regions starting from July 2025, including Zhejiang, Shandong, Chongqing, and specific cities in Liaoning, Anhui, Jiangxi, and Sichuan [2]. - The program will provide financial support for home, community, and institutional elderly care services for individuals assessed as having moderate, severe, or complete disabilities [2][4]. Financial Structure - The funding for the subsidy will follow a 9:1 cost-sharing principle between central and local governments, with the central government covering 85% in the eastern region, 90% in the central region, and 95% in the western region [3]. Progress and Impact - As of October 8, 2025, 365,100 elderly individuals and their representatives have received 24,320 vouchers, resulting in a total redemption amount of 182 million yuan, significantly reducing the financial burden on families [4]. - The program has been recognized as an important supplement to long-term care insurance, with specific examples showing substantial savings for families [5]. Service Provider Engagement - Over 8,600 elderly care service institutions have signed commitments to participate in the subsidy program, with measures in place to ensure service quality and prevent fraud [6]. Additional Initiatives - The Ministry of Civil Affairs is also launching a nationwide elderly consumption season and supporting home modifications for elderly individuals in need [6].