Core Insights - OpenAI has entered a multi-billion dollar partnership with AMD to deploy 6 GW of AMD GPU chips, which is expected to generate over $100 billion in new revenue for AMD over the next four years [1][2] - The collaboration features a unique "equity for chips" model, allowing OpenAI to purchase up to 160 million shares of AMD at $0.01 per share, with a target stock price of $600 [2] - OpenAI's CEO Sam Altman emphasized the importance of this deal in building sufficient AI infrastructure to meet future demands, as the company aims to establish a 250 GW power infrastructure by 2033 [4] AMD and OpenAI Partnership - The partnership with AMD is part of OpenAI's broader strategy to secure diverse computing power, having signed deals worth up to $1 trillion with various companies including NVIDIA and Oracle [4] - AMD's stock surged over 36% following the announcement, marking its largest single-day gain in nine years, with a market capitalization increase of nearly $80 billion [2] AI Infrastructure and Competition - The AI industry is witnessing a "arms race" for computing power, with major tech companies like Meta, xAI, Amazon, and Microsoft investing heavily in AI infrastructure [5][6] - OpenAI's reliance on AMD chips aims to mitigate the cost pressures associated with NVIDIA's H100 chips and reduce supply chain risks [6] Sora 2 Video Model - OpenAI launched the Sora 2 video model, which enhances AI video creation capabilities, allowing users to generate personalized videos with new features like Cameo and Remix [8][9] - The Sora 2 model represents a significant advancement in AI video generation, simulating real-world physics and logic, thus lowering the barrier for complex video creation [9] Commercial Strategy and Challenges - OpenAI is expanding its commercial footprint by integrating AI products into various industries, including partnerships with Spotify and Zillow [11] - Despite being a capital magnet in the AI sector, OpenAI faces significant financial challenges, with projections indicating a loss exceeding $5 billion by 2025 and a funding requirement surge from $35 billion to approximately $114 billion by 2026 [12][13]

Core Viewpoint - The article discusses the upcoming IPO of Shaanxi Maike Aote Pharmaceutical Technology Co., Ltd. on the Hong Kong Stock Exchange, highlighting its status as an unprofitable biotech company with significant losses and a focus on developing peptide drugs [1][3][10]. Company Overview - Shaanxi Maike Aote is co-controlled by professors Wang Bing and Wang Mei from Xi'an Jiaotong University, holding 53% of the company [3][4]. - The company has recently completed a financing round of 236 million RMB, achieving a post-money valuation of 2.636 billion RMB [3]. - The core product, MT1013, targets secondary hyperparathyroidism (SHPT) and is currently in Phase III clinical trials [3][10]. Financial Performance - The company has incurred cumulative losses exceeding 300 million RMB over the past two and a half years, with no product sales revenue to date [3][6]. - Financial data shows that other income for 2023, 2024, and the first half of 2025 was 6.969 million RMB, 4.002 million RMB, and 1.222 million RMB, respectively, primarily from government grants and bank interest [6][7]. - R&D expenses for the same periods were 87.013 million RMB, 107.022 million RMB, and 40.432 million RMB, indicating a high investment typical of biotech firms [8]. Market Potential and Challenges - The company is targeting a market with significant growth potential, with the SHPT drug market projected to reach 14.1 billion RMB by 2035, growing at a CAGR of 20.5%, and the obesity drug market expected to explode to 102.6 billion RMB with a 36.1% annual growth rate [10]. - However, the competitive landscape is intense, with existing players in the SHPT space and major companies dominating the obesity market, posing risks to market share [10][11]. Commercialization Strategy - Maike Aote plans to adopt a dual-track commercialization model involving domestic third-party contract sales organizations (CSO) and international licensing, which aims to minimize initial investment [11]. - The success of this model heavily relies on the capabilities and commitment of partners, making market education and promotion critical for success [11]. Conclusion - The company's journey reflects a broader trend in China's biotech sector, where academic entrepreneurs leverage capital to pursue IPOs despite being unprofitable [11]. - The ability to transition from R&D to commercialization, particularly with the launch of MT1013 in 2028, will be crucial for the company's valuation and market presence [11].

来源丨央视财经 编辑丨黎雨桐 SU7 Ultra挖孔版事故后起火，司机遇难，警方最新通报系酒驾 稀土尾盘掀涨停潮，港口股集体拉升，金山办公大涨超8% 万科大跌，董事长辛杰因个人原因辞职，执掌仅9个月 SFC 21君荐读 21 SFC 悦 读 · 智能 权 威 . 凸》 o 扫码 点击 下 载 调价周期内，主要受伊拉克恢复原油出口、美国政府停摆、地缘冲突演变、中美经贸摩擦等因素影响，国际油价震荡下行。另一方面，乌克兰 发动无人机袭击导致俄罗斯供应减少，"OPEC+"11月计划增产幅度低于预期等，为油价提供了一定支撑。 国家发展改革委价格监测中心认为，全球原油市场将继续维持供应宽松格局，后期国际油价将呈弱势震荡走势。地缘政治局势变化将放大油价 波动，需重点关注巴以停火执行情况，美国对伊朗制裁政策，以及中美经贸摩擦演变对原油市场的影响。 记者从国家发展改革委了解到，受国际油价震荡下行影响，国内汽柴油价格将于10月13日24时下调。据国家发展改革委价格监测中心监测，本 轮成品油调价周期内（9月23日—10月11日）国际油价呈震荡下降走势。 从10月13日24时起，国内汽、柴油每吨分别下调75元和70元，全国平均来看， ...

以色列总理办公室10日凌晨发表声明说，以政府已批准加沙停火协议。以军将在24小时内撤军 并停火，此后72小时内以方被扣押人员将获释。以军10日说，加沙停火第一阶段协议已于当地 时间10日12时生效。当地时间13日，哈马斯通过红十字国际委员会向以色列方面移交全部20 名在世被扣押人员。以色列方面也开始释放近两千名巴勒斯坦被扣押人员。 据央视新闻报道，当地时间10月13日，以色列12频道援引以总理内塔尼亚胡等表态报道称，加 沙战争已结束。 同日，美国总统特朗普抵达耶路撒冷的以色列议会。在议会发表演讲前，特朗普对媒体 称，"加沙战争已经结束，哈马斯将解除武装"。 来源丨央视新闻 编辑丨黎雨桐 SU7 Ultra挖孔版事故后起火，司机遇难，警方最新通报系酒驾 稀土尾盘掀涨停潮，港口股集体拉升，金山办公大涨超8% 万科大跌，董事长辛杰因个人原因辞职，执掌仅9个月 SFC 21君荐读 ...

记者丨张明艳 何煦阳 编辑丨吴晓宇 黎雨桐 10月13日凌晨，成都天府大道一路段上，一辆小米SU7 Ultra挖孔版发生车祸并迅速起火。视频显示，车辆起火后， 几名路人立刻施救，多次 尝试先用手肘、鞋底猛击侧窗，但是始终未能成功。 图/潇湘晨报 视频显示，有人找来锤子成功打开主驾驶位车窗后，发现车内火势太大，有其他的车主拿来灭火器，在灭火途中车辆突然发出异响，蹿出明显 火势，路人连忙后退。 最后只能由消防员用电锯切开车门。 图/潇湘晨报 目前，事故正在进一步调查中。 同日，小米集团港股一度跌超7%，截至收盘跌幅收窄，目前，小米汽车尚未就此次事故作出回应。 10月13日下午，成都市公安局交通管理局通报：2025年10月13日凌晨3时18分许，我市天府大道南段发生一起道路交通事故。接警后，公安、 消防、医疗救援等部门迅速到场处置。 经初步调查，当事人邓某某（男，31岁）驾驶川AC****9号小型轿车，沿天府大道由北向南行驶。车辆在通过天府五街路口进入天府大道南段 后，与前方同向由李某驾驶的川AA****3号小型轿车发生碰撞，随后越过道路中央绿化带，起火燃烧。事故造成驾驶人邓某某死亡，涉事两车 不同程度受损。经检测 ...

出品丨南方财经全媒体集团 21世纪经济报道 记 者丨徐于婷 谢茂翰 制 作丨谢颖诗 尤嘉威 韩雪 运 营丨丁海利 黎雨桐 刘佳宇 大学生种地——十年长跑逆袭 让农业"鸟枪换炮" 油茶树里长出了循环经济——"深漂"返乡17年让荒山变"金山" 养黑山羊用"黑科技"，"躲羊仔"带着全村赚翻了 SFC 21君荐读 编者按： 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。 本期我们关注，想让每个孩子都能在故土上骄傲"生长"的广东高校毕业生志愿服务乡村振兴行 动志愿者王秋妮。 ...

《办法》第五十五条还规定，乡镇人民政府、街道办事处应当对村民自治章程、村规民约， 村民会议、村民代表会议的决定以及其他涉及村民利益事项的决定进行指导， 对其中违反法 律、法规和国家政策规定，侵害妇女合法权益的内容责令改正。 女方因抚育子女、照料老人、协助男方就学或者工作等负担较多义务的，有权在离婚时要求 男方予以补偿。因男方重大过错导致离婚的，无过错的女方有权请求损害赔偿。 此外，《办法》第四十二条提到， 妇女在农村集体经济组织成员身份确认、土地承包经营、集体经济组织收益分配、土地征 收补偿安置或者征用补偿以及宅基地使用等方面的权利，依法受到保护； 任何组织和个人不得以妇女就学、服役、务工、经商、未婚、结婚、离婚、丧偶、户无男性 等为由，侵害妇女在农村集体经济组织中的各项权益。任何组织和个人不得以结婚、离婚、 丧偶、户无男性等为由，阻挠或者强迫妇女迁移户籍。 据广东人大网，10月11日，广东省人民代表大会常务委员会发布公告：《广东省实施<中华人 民共和国妇女权益保障法>办法》（以下简称《办法》）已由广东省第十四届人民代表大会常 务委员会第二十一次会议于2025年10月11日通过，现予公布， 自2026年1月1 ...

Market Overview - The A-share market experienced fluctuations, with the Shanghai Composite Index down by 0.19% and the Shenzhen Component Index down by 0.93% as of October 13 [1][2] - The total trading volume in the Shanghai and Shenzhen markets was 2.37 trillion yuan, a decrease of 159.9 billion yuan compared to the previous trading day [1] Port and Shipping Stocks - Port stocks saw a collective surge, with Nanjing Port hitting the daily limit, and other stocks like Lianyungang, China National Offshore Oil Corporation, and Ningbo Maritime also rising [3][4] - Some shipping stocks, including China National Offshore Oil Corporation and Ningbo Maritime, rose over 6% [4] Regulatory Changes Impacting Shipping - The Ministry of Transport of China announced that starting October 14, 2025, special port service fees will be charged for U.S.-owned or operated vessels, which could significantly impact Sino-U.S. maritime trade [6] - The fee structure will increase progressively, starting at 400 yuan per net ton in 2025 and reaching 1120 yuan per net ton by 2028 [7] Rare Earth Sector Performance - The rare earth sector showed strong performance, with stocks like China Rare Earth and Guangsheng Nonferrous rising by 10% [8][9] - Recent announcements from the Ministry of Commerce regarding export controls on rare earth-related items have expanded the scope of regulation, affecting the entire industry chain [8][9] Company-Specific Developments - Kingsoft Office saw its stock price increase by over 8% following the announcement that the Ministry of Commerce's recent notice would now be in WPS format, which gained significant attention on social media [10][12] - The company reported a revenue of 1.748 billion yuan from its WPS personal business, reflecting an 8.38% year-on-year growth, and a significant increase in WPS 365 business revenue by 62.27% [12] Leadership Changes - Vanke's stock price dropped following the resignation of its chairman, Xin Jie, after only nine months in office [13]

今年以来，我国外贸在复杂的外部环境下顶压前行，延续了稳中向好的发展势头。据海关统 计，今年前三季度，我国货物贸易进出口33.61万亿元人民币，同比增长4%。其中，出口 19.95万亿元，增长7.1%；进口13.66万亿元，下降0.2%。9月当月，进出口4.04万亿元，增长 8%。 海关总署副署长王军表示，具体来看，前三季度进出口主要有以下几个方面特点： 一是进出口增速逐季加快。 今年一、二季度我国进出口分别增长1.3%和4.5%，三季度增长 6%，已连续8个季度实现同比增长。 二是市场多元化持续推进。 前三季度，我国对共建"一带一路"国家进出口17.37万亿元，增长 6.2%，占进出口总值的51.7%，比重提升了1.1个百分点。对东盟、拉美、非洲、中亚等进出 口分别增长9.6%、3.9%、19.5%和16.7%。对亚太经合组织（APEC）其他经济体进出口增长 2%。 记者丨张旭 编辑丨周上祺 视频丨 陈泽锴 10月13日国新办举行新闻发布会，介绍2025年前三季度进出口情况。 国新办发布会现场，图片来自国新网 风电出海跑出了"加速度"，出口风力发电机组及零件增长了23.9%。此外，我国出口的龙舟、 木雕、剪纸 ...

记者 | 金珊 赵阳 编辑 | 曾静娇 梁明 10月13日，市场震荡回升，三大指数跌幅收窄。截至午间收盘，沪指跌1.30%，深成指跌 2.56%，创业板指跌3%。全市场半日成交额1.59万亿。板块方面，稀土永磁、半导体等板块涨 幅居前，机器人、消费电子等板块跌幅居前。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3846.25 | 13013.34 | 1470.23 | | -50.78 -1.30% -342.08 -2.56% -36.68 -2.43% | | | | 科创50 | 创业板指 | 万得全A | | 1446.41 | 3019.81 | 6216.23 | | -6.27 -0.43% -93.46 -3.00% -110.17 -1.74% | | | | 沪深300 | 中证500 | 中证A500 | | 4535.76 | 7262.46 | 5473.31 | | -81.08 -1.76% -135.77 -1.84% -104.34 -1.87% | | | | 中证1000 | 深证100 | 中证红利 | | 7405.5 ...