记者丨 李益文 何煦阳 编辑丨吴桂兴 见习编辑张嘉钰 10月23日，A股 市场探底回升，三大指数全线收红。截至收盘，沪指涨0.22%，深成指涨 0.22%，创业板指涨0.09%。沪深两市成交额1.64万亿，较上一个交易日缩量239亿。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 3922.41 c | 8.65 | 0.22% | | 399001 | 深让成指 | 13025.45 c | 28.84 | 0.22% | | 899050 | 北证50 | 1455.37 c | -15.70 | -1.07% | | 881001 | 万得全A | 6241.40 c | 8.85 | 0.14% | | 000688 | 科创50 | 1401.26 c | -4.15 | -0.30% | | 399006 | 到亚棱提 | 3062.16 c | 2.84 | 0.09% | 板块方面，深圳国企改革、煤炭、能源金属等板块涨幅居前，培育钻石、工程机械、油气等板 块跌幅居前。具体来看， 深圳本 ...

记者丨吴立洋,实习生涂玥 编辑丨高梦阳 早上9点多看 --中枢网关的价格明明是券后269左 右,结果过了下到一小时,价格突然涨价30! 明明它主图写着周一20点券后269这样的活动预告,结 果在双十一活动当天偷偷上调价格!!如果消费者没 有认真看,按宣传价格加入购物车,然后购买,这不 是欺诈消费者? ? ? 而且这个价格和日常根本没区 别! 重点是,如果不参加活动,就不要放什么活动价 手汗 是把我 10月20日晚八点，今年的"双十一"大促在多个平台正式开启，相较于2024年国补政策落地后 对家电市场的强势带动，2025年的整体热度相对平和了很多。 但与此同时， 多位消费者在社交平台表示，在双十一优惠活动开启后，自己加购在购物车中 的家电产品出现了较大价格波动，部分产品在叠加大促优惠后，价格相较于前一轮618大促有 所上涨，甚至高于双十一开启之前暑期的价格。 例如有消费者表示，此前看到的某品牌烘干机，双十一开启前标价11990元，叠加国补与平台 商家补贴后实际到手价格为7292元；但在双十一开启后，标价并未改变，但平台商家补贴金额 大幅降低，导致到手价升至8581元，价格大幅提升。 一双十一突然涨价,你真的玩不 ...

商务部新闻发言人就中美经贸磋商有关问题答记者问。 有记者问：近日，何立峰副总理与美国财政部长贝森特和贸易代表格里尔进行视频通话，双方 同意尽快举行新一轮中美经贸磋商，请问商务部是否有进一步消息？ 答：经中美双方商定，中共中央政治局委员、国务院副总理何立峰将于10月24日至27日率团赴 马来西亚与美方举行经贸磋商。双方将按照今年以来两国元首历次通话重要共识，就中美经贸 关系中的重要问题进行磋商。 来源丨央视新闻 编辑丨吴桂兴 见习编辑张嘉钰 SFC ...

记者丨 陈洁 实习生张星雨 编辑丨王峰 视频丨 曾婷芳 见习编辑陈泽锴 近日，广东省2026年考试录用公务员公告发布，全省各级机关计划招考公务员11779名。 "广东的公告拉开了2026年省考序幕，笔试时间定在12月7日，比去年提前了三个月，考生们需要抓紧这一个多月的时间。"中公教育 总部研究院专家李茜告诉21世纪经济报道记者，广东一直是单独命题，经常出现创新题型，考生们在备考中要结合特色进行备考。 除此之外，广东省考的另一变化是放宽了年龄限制：报考年龄为18至38周岁。2026年应届硕士、博士研究生以最高学历报考的，报 考年龄放宽到43周岁。 "国考招录年龄限制打开，其实就是一个风向标。预计未来省考及事业单位招考年龄放宽将逐步推广，但不会'一刀切'式全面铺开， 而是根据地方实际需求分步实施。" 华图教育当值CEO李曼卿对21世纪经济报道记者表示。 从未来一年的时间安排来看，目前已经进入考公、考编的密集期，很多高校毕业生的备考复习也进入冲刺阶段。 一位家在四川的高校毕业生林琳告诉21世纪经济报道记者，她主要聚焦国考和家乡的省考，这三个月一直都在集中复习行测和申 论。 进入考公考编密集期 图源：IC photo ...

Core Viewpoint - The lawsuit against Grok, an AI chatbot owned by Elon Musk, raises significant questions about the accountability of AI companies for the content generated by their models, particularly in the context of misinformation and defamation [1][3][5]. Group 1: Lawsuit Details - The lawsuit was initiated by Campact e.V. after Grok falsely claimed that the organization's funding came from taxpayers, while it actually relies on donations [3]. - The Hamburg District Court issued a temporary injunction against Grok, prohibiting the dissemination of false statements, signaling that AI companies may be held accountable for the content produced by their models [1][5]. Group 2: Industry Implications - The case has sparked discussions within the industry regarding the responsibilities of AI service providers, with some arguing that they cannot fully control the content generation logic and thus should not bear excessive liability [5][12]. - Conversely, others assert that AI companies should be responsible for the truthfulness of the information generated, as they are the ones facilitating the dissemination of content [5][9]. Group 3: Legal Perspectives - Legal experts suggest that the determination of whether AI-generated content constitutes defamation or misinformation will depend on the clarity of the statements and the sources of information used by the AI [6][12]. - The case contrasts with a similar situation in the U.S., where a court dismissed a defamation claim against OpenAI, indicating that the legal standards for AI-generated content may differ significantly between regions [8][9]. Group 4: User Awareness and AI Literacy - Research indicates that while AI has become widely used, many users lack sufficient understanding of AI-generated content and its potential inaccuracies, leading to increased disputes and legal challenges [11]. - The growing prevalence of AI-generated misinformation highlights the need for improved user education regarding the risks associated with relying on AI outputs as authoritative sources [11].

记者丨 崔文静 编辑丨包芳鸣 站在"十四五"规划迎来收官与"十五五"规划启航的关键交汇点，中国资本市场深化改革的画卷 正徐徐展开。 过去几年，从注册制全面落地到退市制度刚性执行，市场根基得以夯实；在新"国九条"引领 下，上市公司治理与回报机制正在发生深刻变化。然而，如何培育"耐心资本"、实现投融资的 高质量平衡，又如何在高水平开放中构建安全韧性，成为迈向新征程必须回答的关键问题。 回顾"十四五"时期，资本市场在基础制度建设上取得了标志性进展。发行、并购、退市等一系 列改革，特别是注册制的全面实施，从根本上重塑了市场生态，推动其更好地服务科技创新与 产业升级。但挑战依然存在，中长期资金入市渠道、市场板块功能定位等深层次问题，仍需 在"十五五"时期通过制度型开放和更深层次的改革来破解。 "十五五"新的征程即将开启，资本市场的建设重点正从"渠道式"开放向"制度型"开放深度转 变，从基础制度完善向投资端生态优化持续迈进。21世纪经济报道记者专访清华大学国家金融 研究院院长、清华大学五道口金融学院副院长田轩，共同探讨如何通过税优政策、长周期考核 等关键制度突破，培育"耐心资本"，并构建起能有效防范外部冲击的跨境监管体系 ...

记者丨周潇枭 编辑丨张星 10月20日至23日在北京召开党的二十届四中全会，会议审议《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》， 旨在对未来五年发展作出顶层设计和战略擘画，推动事关中国式现代化全局的战略任务取得重大突破。 2021年—2025年，"十四五"时期是我国全面建成小康社会、实现第一个百年奋斗目标之后，乘势而上开启全面建设社会主义现代化 国家新征程、向第二个百年奋斗目标进军的第一个五年。 回顾这五年，世界百年未有之大变局加速演进，全球进入新的动荡变革期，国内改革发展稳定任务艰巨繁重。面对复杂局面，"中国 号"巨轮顶住了惊涛骇浪冲击、经受住了重大风险考验，我国经济社会发展取得新的开创性进展、突破性变革、历史性成就，在全面 建设社会主义现代化国家的壮阔征程上迈出了坚实有力的一步。 "十四五"以来，我国经济总量连续跨越110万亿元、120万亿元、130万亿元，今年预计达到140万亿元左右，中国对世界经济增长的 年均贡献率保持在30%左右；全球创新指数排名跻身前十，中国成为10多年来创新力提升最快的经济体之一，中国空间站、国产大 飞机等大国重器频频亮相，人工智能、量子通信等前沿领域创新硕果累 ...

Market Overview - On October 23, A-shares experienced fluctuations and adjustments, with trading volume shrinking again, totaling 1.06 trillion yuan, a decrease of 39.3 billion yuan compared to the previous trading day. Over 3,800 stocks declined [1] - The Shanghai Composite Index closed at 3,888.08, down 25.67 points or 0.66%, while the Shenzhen Component Index fell by 112.71 points or 0.87% [2] Sector Performance - The coal sector showed resilience, with major stocks like Daqo Energy hitting the limit up for eight consecutive trading days, and several stocks such as Zhengzhou Coal and Electricity and Liaoning Energy achieving two limit-ups in four days [2] - Conversely, the computing hardware sector faced significant declines, particularly CPO concept stocks, with Tianfu Communication and Changfei Optical Fiber experiencing substantial drops [3] Local Market Developments - Shenzhen local stocks surged, with companies like Jian Ke Yuan, Guangtian Group, and Shen Saige hitting the limit up, leading to a collective rise in local stocks [3] - A new action plan was issued by Shenzhen to promote high-quality mergers and acquisitions, aiming for a total market value of listed companies to exceed 20 trillion yuan by the end of 2027, and to complete over 200 merger projects with a total transaction value exceeding 100 billion yuan [5] Industry Trends - The ice and snow industry concept stocks saw rapid increases, with Dalian Shengya achieving two limit-ups in four days, alongside other stocks like Changbai Mountain and Sanfu Outdoor rising [6] - The media and short drama sectors continued to strengthen, with stocks like Haikan Co. and Huanrui Century hitting the limit up, while several others rose over 3% [6] Banking Sector Insights - The banking sector opened strong but later narrowed gains, with Postal Savings Bank rising over 4% and other banks like Industrial Bank and Minsheng Bank following suit [8] - According to Guotai Junan Securities, the cumulative revenue and net profit of listed banks are expected to grow by 0.4% and 1.1% year-on-year, respectively, in the first three quarters of 2025, driven by a narrowing decline in net interest margins and reduced credit costs [9] Investment Strategy - CITIC Securities indicated that the fourth quarter of 2025 may be a critical time for bottom-fishing dividend stocks to achieve excess returns, as current pessimistic expectations may have been fully reflected in the market [10]

Group 1 - The core viewpoint of the article highlights that China Feihe is taking various measures to stabilize its position in the market amid pressure, including launching new products that replicate breast milk nutrition [1][2] - Feihe has introduced several new products, such as Qicui and Jicui, which are set to be launched soon, indicating the urgency of product innovation [1] - The company reported a revenue decline of 9.36% year-on-year to 9.151 billion yuan in the first half of the year, with specific product lines experiencing varying revenue changes [1] Group 2 - Feihe has achieved the status of the number one brand in national sales of infant formula for six consecutive years, but the growth momentum in the infant formula market is currently weak [2] - The decline in marriage registrations in China by over 20% in 2024 suggests a likely decrease in newborn numbers, intensifying the competition in the existing market [2] - Feihe possesses relative advantages in milk source, research and development, and production processes, which are crucial for maintaining its market position [2]

记者丨黎雨桐 编辑丨吴桂兴 视频丨许婷婷 10月23日， 港股新消费板块盘初走低，截至10：33 泡泡玛特股价跌幅扩大至10%，为4月份以来最大单日跌幅。 古茗跌超8%，蜜雪集团跌超 5%，布鲁可等跟跌。 券商观点方面，交银国际重申泡泡玛特买入评级，指其增长动能持续强化。国金证券维持泡泡玛特买入评级，看好公司海外市场通过本土化运 营体系构建形成第二增长曲线，以及中国市场依托全域运营能力升级，延续高质量发展态势。 10月21日盘后，泡泡玛特公告2025年第三季度最新业务情况。公告显示，第三季度整体收益（未经审核）较去年第三季度同比增长245%一 250%。 具体来看，第三季度泡泡玛特中国收益同比增长185%—190%。线下渠道来看，线下同比增长130%—135%，线上同比增长300%—305%。海 外市场收益增速更为迅猛，同比增长365%—370%。其中，亚太同比增长170%—175%，美洲同比增长1265%—1270%，欧洲及其他地区同比 增长735%—740%。 值得注意的是，继Labubu之后，泡泡玛特星星人系列再次引发抢购潮。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 ...