他们是乡村活力的唤醒者；他们是故土情怀的践行者；他们更是时代命题的答卷人。南方财经 全媒体集团、共青团广东省委员会联合推出大型人物系列微纪录片《兴乡青年》，关于选择、 勇气、热爱与责任的故事。他们的故事，是献给故乡最深情的告白。 21君荐读 运 营丨丁海利 黎雨桐 刘佳宇 5人管3万头，数字设备成"养猪好帮手" 上过太空的茶 圈粉中外价值跃升："东方爱情果"广东荔枝IP炼成记 本期我们关注，在清远连南让瑶族非遗技艺"活起来"的非遗经纪人房欣和她的"拾月拾陆"。 出品丨 南方财经全媒体集团 广东经视 记 者丨赵婷婷 张煜奇 卢泓宇 制 作丨赵婷婷 骆俊豪 SFC ...

10月27日午间，郑智化就深圳机场事件发文澄清："连滚带爬的用词，是我登机过程不顺，一 时气愤的遣词，这个我必须为我的用词道歉，这次帮我推轮椅的小哥服务非常好，甚至直接搀 扶我的腿进机门，在此向各位服务人员一并致谢，希望不要因此对服务人员造成不好影响。因 事件引发的对少数群体利益的关注，比我个人感受意义更大，交给社会各方讨论。"（此前报 道： 深圳机场再道歉，郑智化回应 ） 来源丨郑智化微博 编辑丨黎雨桐 实习生丁紫祎 超3300股上涨，沪指创年内新高，存储器多股涨停 存款利率又下滑，存5年不如存3年 保时捷利润暴跌99%，年内将裁近2000人 SFC 21君荐读 2 智能 悦 读 · 权 威 n o 扫码点击下载 ...

Core Viewpoint - The report (2025) outlines the achievements of the financial system in supporting the real economy, enhancing financial regulation, deepening reform and opening up, and preventing and mitigating risks since November 2024, while also specifying six key work directions for the next phase [3]. Group 1: Monetary Policy - The report emphasizes the need to implement a moderately loose monetary policy to create a suitable monetary and financial environment for consolidating and expanding the economic recovery [5]. - The People's Bank of China (PBOC) has been injecting liquidity into the banking system, with a recent announcement of a 900 billion yuan medium-term lending facility (MLF) operation, maintaining high liquidity levels for three consecutive months [6][7]. - Analysts suggest that this approach aims to keep liquidity ample and guide financial institutions to increase credit support, particularly for government bond issuance [6]. Group 2: Financial Regulation - The report highlights the importance of further strengthening and improving financial regulation to enhance regulatory quality and effectiveness [9]. - Major banks have adopted a unified approach focusing on risk prevention, strong regulation, and promoting high-quality development, with a multi-layered risk control network being established [9]. - Banks like ICBC and CCB have committed to deepening comprehensive risk management and fulfilling their responsibilities as major financial institutions [9]. Group 3: Financial Supply-Side Structural Reform - The report stresses the need to provide high-quality financial services and continue deepening financial supply-side structural reforms [11]. - From November 2024 to September 2025, A-share IPOs raised 91.8 billion yuan, with 86% of the companies being private and 92% in strategic emerging industries [11]. - Loans in sectors such as technology, green finance, and digital economy have seen significant year-on-year growth, indicating a strong focus on supporting the real economy [11][12]. Group 4: Risk Prevention - The report underscores the necessity of preventing and mitigating financial risks in key areas while maintaining systemic financial safety [14]. - Banks are increasingly focusing on balancing development and safety, with measures in place to manage risks effectively [14]. - The banking sector has seen a reduction in the number of institutions and an improvement in asset quality, with the non-performing loan ratio decreasing to 1.49% [14].

10月27日，外交部发言人郭嘉昆主持例行记者会。有记者就中美经贸磋商提问。 对此，郭嘉昆表示，关于中美经贸磋商中方已经发布了消息，此次经贸磋商双方以两国元首 重要共识为引领，围绕共同关心的重要经贸问题，进行了坦诚、深入、富有建设性的交流磋 商，就解决各自关切的安排 达成基本共识 。 双方同意进一步确定具体细节，并履行各自国内 批准程序，具体的问题建议向中方的主管部门进行询问。 来源丨央视新闻 编辑丨黎雨桐 实习生丁紫祎 超3300股上涨，沪指创年内新高，存储器多股涨停 存款利率又下滑，存5年不如存3年 保时捷利润暴跌99%，年内将裁近2000人 SFC 21君荐读 ...

Market Overview - The A-share market experienced a volatile rise, with the Shanghai Composite Index briefly surpassing 3999 points, reaching a new high for the year. The total trading volume in the Shanghai and Shenzhen markets was 2.36 trillion yuan, an increase of 365 billion yuan compared to the previous trading day [1]. Index Performance - The Shanghai Composite Index closed at 3996.94, up 46.63 points or 1.18% - The Shenzhen Component Index rose by 200.22 points or 1.51%, closing at 13489.40 - The ChiNext Index increased by 21.98 points or 1.50%, closing at 1484.21 - The CSI 300 Index gained 55.34 points or 1.19%, closing at 4716.02 [2]. Sector Performance - The storage chip sector showed strong performance, with multiple stocks hitting new highs, including Demingli and Jiangbolong. The computing hardware sector also maintained its strength, with Huylv Ecological and others achieving significant gains [3][4]. - The nuclear power sector was active, with stocks like Dongguan Tantalum and Antai Technology seeing notable increases [3]. - Conversely, the wind power sector faced collective weakness, with Haile Wind Power experiencing a significant drop [4]. Storage Industry Insights - The storage sector is experiencing a surge, driven by rising prices from overseas storage giants due to increased demand for high-performance storage chips related to AI applications. This trend is expected to benefit various segments of the storage industry, including storage modules and supporting materials [8]. - The storage index rose by 5.23%, reflecting the overall positive sentiment in the sector [7]. Semiconductor Equipment Developments - The semiconductor equipment sector is also witnessing growth, with multiple stocks showing significant increases. The establishment of the first EUV photoresist standard in China is expected to fill a technological gap and promote the development of the semiconductor industry [12][13]. - The semiconductor materials sector is in a phase of demand expansion and domestic substitution, with expectations for the photoresist market to grow by 6.8% to 17.9 billion yuan by 2025 [13]. Market Outlook - Analysts remain optimistic about the A-share market, citing a favorable risk level and the emergence of competitive enterprises in the context of a new technological revolution. The current low interest rates and supportive government policies are also seen as positive factors for market growth [15][16]. - The "slow bull" market trend is expected to continue, with a focus on the technology sector as a long-term investment theme [16].

记者丨叶麦穗 编辑丨肖嘉 存款利率继续下滑。 融360数字科技研究院的监测数据显示， 2025年9月，银行整存整取存款3个月期平均利率为0.944%，6个月期平均利率为 1.147%，1年期平均利率为1.277%，2年期平均利率为1.367%，3年期平均利率为1.688%，5年期平均利率为1.519%。 和上个 月相比，3个月期下降0.1BP，6个月期下降0.2BP，1年期下降0.1BP，2年期下降0.1BP，3年期下降0.4BP，5年期下降0.1BP。 今年以来存款利率一直处于下降通道， 中长期利率全面进入"1时代"，一个值得注意的现象是，5年期限的平均利率和3年期限 的平均利率倒挂的情况依然明显。 开源证券分析师刘呈祥的观点表示，存款定价变化有优化负债结构的考虑。2025年内到期的高息长定存较多，而息差压力较 重，因此银行主观上有引导存款短期化的意愿，采用"做短压长"的策略，操作上可能通过给予短期定存激励，引导客户存款由 中长期向短期分流。银行负债策略隐含存款利率进一步下调预期。从历史规律来看，长期限定存的挂牌利率下调幅度较大，因 此若银行预期存款定价有进一步下调可能，将避免在降息环境中吸收过多长期存款。 ...

Core Viewpoint - The passing of Tang Aoqi, the founder and actual controller of Xinquan Co., Ltd., marks a significant moment for the company, which he helped establish and grow over four decades in the automotive industry [1][4]. Company Overview - Xinquan Co., Ltd. was founded in 1993 by Tang Aoqi and his son, Tang Zhihua, and has become a leading provider of automotive interior solutions, serving both commercial and passenger vehicle sectors [4]. - The company is recognized as one of the top 100 automotive parts suppliers in China and is a core supplier for Tesla's interior components [4]. Financial Performance - In the first half of 2025, Xinquan Co., Ltd. reported a revenue increase of 21.01% year-on-year, reaching 7.459 billion yuan, while the net profit attributable to shareholders grew by 2.80% to 422 million yuan [4]. - The company's net profit after excluding non-recurring items increased by 1.20% to 415 million yuan during the same period [4]. Shareholding and Control - Although Tang Aoqi did not hold any direct shares in Xinquan Co., Ltd., he controlled 51% of the shares in its holding company, Jiangsu Xinquan Zhihua Investment Co., Ltd. [6]. - The company announced that the shareholding of Tang Aoqi will be subject to legal inheritance procedures, and this will not lead to any change in the company's control [6]. Market Position - As of October 27, the stock price of Xinquan Co., Ltd. was reported at 75.46 yuan per share, with a total market capitalization of 37.1 billion yuan [6].

记者丨 李益文 见习记者张嘉钰 编辑丨叶映橙 10月27日，A股三大指数高开走强，沪指一度涨超1%，逼近4000点，再创年内新高，截至午盘，涨1.04%。深成指涨1.26%，创业板指涨 1.54%。全市场超3700股上涨，沪深两市半日交易额为1.59万亿。 | 内地股票 | | | | --- | --- | --- | | 行情 | 资金净流入 | 涨跌分布 | | 上证指数 | 深证成指 | 北证50 | | 3991.35 | 13457.28 | 1472.88 | | +41.04 +1.04% +168.10 +1.26% +0.81 +0.05% | | | | 科创50 | 创业板指 | 万得全A | | 1473.87 | 3220.52 | 6387.62 | | +11.65 +0.80% +48.95 +1.54% +67.21 +1.06% | | | | 沪深300 | 中证500 | 中证A500 | | 4709.92 | 7360.02 | 5650.30 | | +49.23 +1.06% +101.49 +1.40% +63.95 +1.14% | | | | 中证100 ...

Core Viewpoint - The article highlights the growing issue of black and gray market activities targeting AI applications, particularly the systematic theft of "new user rewards" which undermines the financial viability of AI companies [1][2]. Group 1: Black and Gray Market Activities - The black market for AI products is thriving on platforms like Taobao and Pinduoduo, where users can purchase "black market computing power" at significantly lower prices compared to official rates [1][3]. - For instance, the "Keling AI" black market offers 26,000 inspiration points for approximately 319 yuan, while the official price is around 916 yuan, indicating a substantial loss for AI companies [1][3]. - Sellers are using advanced methods to bypass platform monitoring, such as selling "Cookie data" for account access and providing tutorials for easy registration [3][4]. Group 2: Financial Impact on AI Companies - AI companies face immense pressure from high computing costs, with a significant portion of expenses attributed to computing power, which can account for up to 95% of total costs [6][7]. - Many AI applications are currently operating at a loss, with reports indicating that a majority of AI unicorns have not achieved positive cash flow [7][10]. - The black market's pricing severely undercuts official pricing, leading to a direct threat to the monetization strategies of AI platforms [10]. Group 3: Challenges in User Growth and Regulation - AI companies are caught in a dilemma between combating black market activities and the pressure to show user growth, often leading to a compromise on regulatory measures [12][14]. - The rise of fake accounts created by black market activities distorts user data and complicates the long-term operation of AI products [10][12]. - Legal experts warn that platforms may face administrative responsibilities if they fail to protect user data and comply with network information security obligations [14][16]. Group 4: Recommendations for Mitigation - Experts suggest that AI platforms should implement stricter controls during the registration and login processes to intercept fraudulent activities at the source [16]. - Legal actions, including civil lawsuits and criminal reports, are recommended for companies suffering losses due to black market activities [16].

美国农业部称，资金已经枯竭。 目前，11月1日将不会发放任何福利。 据悉，美国联邦政府的"补充营养援助计划"覆盖约4200万人， 主要受益人群为低收入群体， 残疾人和老人等 ，这些人群可使用政府补贴的食品券在指定商店购买食物。 来源丨央视新闻 编辑丨陈思颖 见习编辑张嘉钰 2架美军机在南海相继坠毁 阿里巴巴前CEO张勇，5354万港元买下香港半山豪宅 SFC 21君荐读 2 智能 悦 读 · 权 威 . ry S 扫码点击下载 当地时间10月25日，据央视新闻援引美国农业部网站通知称， 美国联邦政府的"补充营养援助 计划"将于11月1日停止。 ...