Trade Agreements - The US and UK have reached a preliminary trade agreement covering various sectors including steel, automobiles, ethanol, beef, and aerospace, marking the first such agreement since Trump's administration began imposing tariffs [1] - The agreement allows for increased market access for US agricultural products in the UK, particularly beef and ethanol, with the US setting an annual quota of 100,000 vehicles for UK imports, subject to a 10% tariff [1][2] - While the agreement is seen as a foundation for expanding trade, it is limited in scope and does not cover several key industries such as pharmaceuticals and steel [1] Cross-Border E-commerce - China's cross-border e-commerce exports reached approximately 2.15 trillion yuan in 2024, a year-on-year increase of 16.9%, while imports were about 555.25 billion yuan, growing by 4.1% [3] - The export of consumer goods constitutes 97.5% of cross-border e-commerce, with major products including apparel, digital devices, and home goods, primarily exported to the US, UK, and Germany [3] - The growth of cross-border e-commerce is supported by favorable policies, contributing significantly to overall foreign trade despite rising trade protectionism [4] Online Literature - The user base for Chinese online literature has reached 575 million, with a significant portion of readers aged 26 to 45, and nearly 25% being from the "post-2000" generation [5] - The revenue from online literature is estimated at around 44 billion yuan in 2024, with a total of over 33 million works published [5] - Despite the large user base, the industry faces challenges such as content homogenization and competition from short video formats, leading to a slowdown in user growth [6] Automotive Financing - The "high interest, high return" car loan model has been halted in several regions, with banks suspending such business practices due to regulatory changes [7] - This model involved dealerships receiving high commissions from banks to subsidize car prices, but it has led to various issues, including disputes over early loan repayments [8] - The cessation of this model may indicate a shift towards more sustainable lending practices, as banks need to focus on genuine consumer demand rather than artificially created demand [8] AI and Technology - Alibaba has launched a new version of its Qwen3 model optimized for Apple's MLX framework, which is expected to enhance AI deployment across Apple devices [9] - This move signals a strengthening partnership between Alibaba and Apple, as the models will be available in various precision versions to cater to different devices [9][10] - The growing influence of Qwen in the open-source model space may help revitalize Apple's presence in the Chinese market [10] Pension Funds - As of the first quarter of 2025, China's enterprise annuity fund has accumulated a scale of 3.73 trillion yuan, with a three-year cumulative return rate of 7.46% [11] - The shift to reporting cumulative returns aligns with a long-term investment strategy, reflecting the ability of pension funds to achieve consistent returns, particularly in stock investments [12][13] - The favorable environment for pension fund management, free from the pressures faced by traditional fund companies, allows for a focus on long-term value investment [13] Stock Market Trends - The stock market experienced slight declines, with the Shanghai Composite Index closing at 3387.4 points, down 0.04%, amid a lack of strong market momentum [16] - Despite fluctuations, certain sectors such as oil and gas remain active, while consumer sectors like gaming and beauty faced declines [16] - Upcoming policy announcements from the Lujiazui Forum may create short-term market disturbances but are unlikely to change the overall market trend [17]

点击图片▲立即试听 " 我们的目光所及，只是不远的前方，但是可以看到，还有许多工作要做。 " —— 艾伦 · 图灵 文 / 吴晓波（微信公众号：吴晓波频道） 1950年，38岁的英国数学家艾伦·图灵发表论文《计算机器与智能》，在开篇，他就提出了一个开天辟地式的问题 ： "机器可以思考吗?" 6年后的1956年，10多位数学家聚集美国新罕布什尔州的达特茅斯学院，举办了第一场"人工智能夏季研讨会"，很可惜，图灵无法与会，他在1954 年因服用含氰化物的苹果去世。1956年被视为"人工智能元年"。 其后 30年，数学家们在符号主义和联结主义两条路径上分别突进，前者在很长时间里处于主流地位，直到1986年，杰弗里·辛顿等人提出反向传播 算法，推动了神经网络理论的诞生。 几乎与此同时， 1985年，被日本企业打得晕头转向的英特尔放弃存储器业务，转而专攻CPU(中央处理单元)，拉开了算力飙升的大幕，摩尔定律 像魔咒一样激发芯片计算能力的指数级提升。1999年，英伟达在纳斯达克上市，黄仁勋在GPU(图形处理单元)战场上掀起了一场规模更大的海 啸。 2006年，杰弗里·辛顿提出深度学习算法，李飞飞发起创建大型图像数据集项目I ...

合作伙伴： Grab、新航Singapore Airlines、第一财经、南方日报、36氪出海、 himalaya、 白鲸出海、 节点财经、 特易资讯、秦朔朋友圈、财经马红漫、正见品牌战略、新加坡眼、雨果跨境、新材料在线、初海视野、新加坡经济管理学 院、WeMeet、法律先生、浙江工业大学校友企业家联谊会、胡椒出海、U&I GROUP 汇智集团、印尼巴塘国家经济特区 万信达产业园、荟源文化集团、西麦克展览公司、灯塔瓴科、Veteran Group Pte Ltd、SAFECO家族办公室、美讯、 RiverMerge Capital、本质亿欧、奥诚智拓、出海乐、 联讯动力、左明右理 合 作 支 持 举办国家： 新加坡 协办单位： 建发股份 科技合作伙伴： 蚂蚁数科 先进团队合作伙伴： 飞书 品牌支持伙伴： 慕思寝具、QWOS侨外出国 指定用酒合作伙伴： 君台厚酱酒 ...

2025年6月19日—6月20日，相约"生而全球·共融共建"第二届出海全球峰会，与吴 晓波、王辉耀、秦朔、津上俊哉、杨宇东、张华荣等嘉宾，共 同探索中企出海从"产 能迁徙"到"文明共生"的新路径。 【点击马上报名】 文 / 巴九灵（微信公众号： 吴晓波频道） 同时，峰会根据 每年 国际经贸形势的变化， 设置并 探讨全新议题。 本届峰会遵循高水平、国际化、实效性的办会理念，共设置 2日主论坛、1场 深度晚宴以及1场中国企业家商务考察行程。 主论坛围绕 "逆全球化与新全球化""全球供应链的重构与创新""多生态赋能中资全球化""国际化即本土化"四大核心议题展开深度探讨，共安排17 场主题演讲、2场全球链接宣讲以及1场高峰对话。 其中，吴晓波老师将解读 2025年中国企业出海最新 趋势 ；出海先锋华坚集团董事长张华坚将分享非洲办厂经验，探讨中国企业如何在全球南方 市场实现 "产业共赢，红利共享"的方法论；蚂蚁数科区块链业务总裁、蚂蚁集团副总裁边卓群，将介绍科技创新如何激活现实世界资产流动性， 用前沿技术打通金融全球化的新通路…… 嘉宾们聚焦的出海议题丰富多样，就让我们提前看一下部分嘉宾的前瞻观点吧。 点击视频▼立即观 ...

1—5月份，新建商品房销售面积35315万平方米，同比下降2.9%；其中住宅销售面积下降2.6%。新建商品房销售额34091亿元，下降3.8%；其 中住宅销售额下降2.8%。（国家统计局官网） 点击按钮▲立即预约 5月70城房价同比降幅继续收窄 6月16日，国家统计局公布数据显示，2025年5月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅继续收窄。新房市场 中，一线城市新建商品住宅销售价格同比下降1.7%，降幅比上月收窄0.4%。二、三线城市新建商品住宅销售价格同比分别下降3.5%和4.9%，降 幅分别收窄0.4%和0.5%。二手房市场中，一线城市新建商品住宅销售价格同比下降1.7%，降幅比上月收窄0.4%。二、三线城市新建商品住宅销 售价格同比分别下降3.5%和4.9%，降幅分别收窄0.4%和0.5%。 6月16日消息，据国家统计局，5月份，社会消费品零售总额41326亿元，同比增长6.4%，比上月加快1.3个百分点，增速创2023年12月以来最 高。其中，除汽车以外的消费品零售额37316亿元，增长7.0%；5月社会消费品零售总额环比增长0.93%。消费品以旧换新政策持续显效，限额 以 ...

点击图片▲预约直播 " 苏超是江苏政府、国企花钱邀请市民免费参加足球观赛的活动，借此吸引本地以及外地民企参与投资，最终以达到活跃地方和区域经济融合的目的。 " 文 / 巴九灵（微信公众号：吴晓波频道） 开赛日早九点，奥体中心进出口严重堵塞，安保严密。 一位白发高个老人跑到了内场，试图买到票，从黄牛或者主办方手里。 淮安奥体中心 图源：小巴拍摄 "好多人要买票，买不到。"他是奥体所在的淮安清江浦区人，存侥幸心理，没定时抢票。 " 看一场少一场，大家就会觉得很珍贵。珍贵的东西就愿意去碰。 " 从南京到淮安，将近 200公里的沿线，一路上都有人关注苏超。 淮安翔宇蓝鹰球迷协会会长支忠雪对小巴道，这次他们组织了 "八百球迷"助阵，设计了巨幅海报 和全新战服。 "连多年不看球的老球迷，也争先恐后前往现场，想一睹本市足球的峥嵘。"一位本地球迷说道。 图源：小巴拍摄 6月14日，苏超第四轮第一场，淮安主场打南京。比赛前一天 ，小巴从杭州出发， 中转南京，途 经 淮安下辖的盱眙县，再往淮安市区观赛，感受 了这久违的民间体育的活力。 " 最后几分钟看得我紧张死了 "， 城市精神的凝聚 淮安VS南京 家有高中生的一个南京胖司机对 ...

点击按钮▲立即预约 " 无人机外卖、快递、交通所需的起降平台、航线规划等基础设施，悬而未决；各地空域作业的合规申请流程不一，仍是高信息差领域，缺乏规范化操作培训和普 及。 " 文 / 巴九灵（微信公众号：吴晓波频道） 两三个月前， 95后的木木还是个游戏博主，现在在湖南怀化山区用无人机吊竹子和木头。 湖北秭归， 00后的郑堃（kūn）组了小队，配4台大疆植保无人机，漫山遍野吊运脐橙，如今月入七八万。 图源：受访者提供 庞大而想象无限的低空经济，正在一线飞手、创业者手里缓缓落地，粗糙而鲜活。 培训端： 两湖山区，无人机吊运悄然兴起。而长三角的中心城市，无人机考证与保洁热得发烫。 " 无锡有资质的（考证机构）七八家，没资质的十几家。机构数量远超市场的需求了。 "无锡的薛聪说道，他有八年民航无人机教员资历。 苏州鞠京梁、芜湖韩立、合肥朱羿，一批新老创业者纷纷投进无人机保洁赛道，欲取在高楼风中摇晃的 "蜘蛛人"而代之，有企业年营收已达5000 万元。 2023年，我国低空经济规模达到5059.5亿元，增速达33.8%。2024年，低空经济首次被写入政府工作报告。 2024年10月，国家发改委副主任李春临在国新办发布会 ...

Core Viewpoint - The second Global Summit on Going Global will be held in Singapore, focusing on the evolution of Chinese enterprises from "capacity migration" to "civilization co-existence" in their internationalization efforts [1]. Group 1: Event Overview - The summit will take place on June 19-20, 2025, at the National University of Singapore, featuring 17 keynote speeches, 2 global link presentations, 1 high-level dialogue, and 1 VIP dinner [3][9]. - Key topics include "de-globalization and new globalization," "reconstruction and innovation of global supply chains," "multi-ecosystem empowerment of Chinese globalization," and "internationalization as localization" [3]. Group 2: Venue and Logistics - Singapore is highlighted as an ideal location due to its top global city infrastructure, safety, and high GDP per capita, making it a testing ground for Chinese enterprises' global values [2]. - The summit has received special support from the Singapore government, with various travel conveniences provided for attendees, including exclusive travel offers and consultation services at Changi Airport [7]. Group 3: Participation Details - Attendees are encouraged to arrive early for registration, which will take place from 8:00 to 9:00 AM on both days [22]. - A shuttle service will be available between the Orchard Hotel and the summit venue, with specific departure times [21].

Core Viewpoint - The article discusses the challenges faced by banks in a low-interest-rate environment, highlighting innovative marketing strategies and new service fees as responses to declining net interest margins and competition for deposits [1][25][39]. Group 1: Bank Marketing Strategies - Banks are increasingly using promotional activities, such as offering blind boxes for deposits, to attract customers amid declining interest rates [1][32]. - The phenomenon of "carbon accounts" in Wuhan, where citizens can use carbon reduction credits to offset loan interest, is presented as a marketing innovation, although it is revealed to be more of a promotional gimmick than a substantial benefit [8][10][13]. - The competition among banks has led to aggressive marketing tactics, including price wars on consumer loans, which can pose risks to financial stability [17][29]. Group 2: Service Fees and Charges - Many small and medium-sized banks have introduced new service fees as a response to the pressure on traditional income sources, reflecting a shift in their revenue models [35][39]. - A table outlines various service fees being charged by banks, indicating a trend towards increased fees for services that were previously free [36]. - The article suggests that the introduction of service fees may become more common as banks adapt to a low-interest-rate environment [39]. Group 3: Industry Trends and Challenges - The banking industry is experiencing a transition to a low-interest-rate, zero-interest-rate, or even negative-interest-rate environment, which is unprecedented in China [39]. - The article compares the current state of Chinese banks to those in developed economies that have navigated similar challenges by increasing service fees and diversifying revenue streams [40][42]. - The need for banks to innovate and adapt their business models is emphasized, as traditional methods of generating income become less viable [39][43].

Group 1: Foreign Investment Policies - The Ministry of Commerce will further relax foreign investment market access and revise the "Encouraging Foreign Investment Industry Catalog" to provide more opportunities for foreign enterprises in emerging fields and future industries [1] - The implementation of the "2025 Action Plan for Stabilizing Foreign Investment" will accelerate pilot openings in areas such as cloud computing and biotechnology [2] Group 2: Housing Fund Policy - Several cities have initiated mutual recognition and lending of housing provident funds, allowing for cross-city loan approvals and information sharing [3] - The mutual recognition of housing funds is expected to stabilize the real estate market and facilitate talent mobility across regions [4] Group 3: Guangzhou Consumption Policy - Guangzhou's draft plan proposes to fully lift restrictions on housing purchases, sales, and prices, and to lower down payment ratios and interest rates to better meet housing consumption needs [5] - The plan also emphasizes increasing residents' income and consumption capacity as prerequisites for stimulating consumption [6] Group 4: AMD AI Chip Launch - AMD has launched the MI350 series AI chips, claiming they outperform NVIDIA's GB200 in various performance metrics, including memory capacity and token generation [7] - The MI350 series represents a significant performance leap for AMD, positioning it competitively against NVIDIA's offerings [8] Group 5: UBS and ICBC Credit Suisse Fund - UBS has become the second-largest shareholder of ICBC Credit Suisse Fund, holding a 20% stake, following its acquisition of Credit Suisse [13] - UBS's investment in the Chinese market has been ongoing since 1989, and it has been expanding its presence through various licenses and entities [14]