Investment Rating - The report indicates a positive outlook for the real estate industry, driven by the integration of digital technologies and innovative practices [1]. Core Insights - The real estate industry is entering a new phase of smart development, leveraging advanced technologies such as BIM, AI, IoT, and digital twins to enhance productivity and create a new quality of integrated management across the investment, construction, operation, and service chain [1][3]. - Digital technologies provide significant advantages in managing investment accounts, enabling companies to make informed investment decisions through data analysis and real-time cost monitoring [3][4]. - The integration of digital platforms allows for real-time resource monitoring and optimization, enhancing operational efficiency and profitability in asset management [3][4][6]. - The report highlights the importance of ESG (Environmental, Social, and Governance) factors in the industry, with a focus on low-carbon operations and sustainable development [14][13]. Summary by Sections Digital Transformation in Real Estate - The report emphasizes the role of digital technologies in transforming the real estate sector, particularly in investment decision-making and operational efficiency [3][4]. - Companies are increasingly adopting integrated digital solutions to enhance asset management and operational performance [3][4]. ESG and Sustainability - The report discusses the dual pillars of proactive energy conservation and passive energy revolution as essential for sustainable development in the real estate industry [13]. - It notes that 23% of real estate companies are actively participating in green electricity market transactions, although the scale remains relatively small [13]. Innovation and Market Trends - The report identifies innovative practices in the industry, such as the integration of digital technologies in sports venues, which enhance operational efficiency and service quality [4]. - It highlights the ongoing challenges in the market, including the need for improved data integration and the early-stage application of technology in asset management [9][10]. Future Outlook - The report suggests that the ongoing digital transformation and the focus on ESG will drive the future growth of the real estate industry, with an emphasis on creating sustainable and efficient operational models [14][31].

Core Insights - Energy efficiency has emerged as the most favored investment area over the past two years, with 64% of investors prioritizing it, followed by renewable energy and low-carbon energy at 56% [1][5][15] - The report emphasizes the importance of energy efficiency in achieving global carbon reduction targets, estimating that doubling global energy efficiency rates could reduce energy costs by one-third and help meet 50% of the 2030 carbon reduction goals [5][15] - The report highlights the diversity of technologies and systems in the energy efficiency sector, which presents abundant investment opportunities across various applications [2][5] Investment Opportunities - The investment landscape is shifting towards energy efficiency, renewable energy, storage, and transportation infrastructure, with significant capital expected to flow into these areas [5][85] - The projected investment in energy transition assets is expected to reach $2 trillion by 2024, with renewable energy, energy efficiency, and electrification being the primary focus areas [85][180] - Investors are increasingly recognizing the role of fossil fuels in facilitating a smooth energy transition, with 25% of investors ceasing new investments in fossil fuels [31][36] Regional Insights - East Asia, North America, and Europe are identified as the most attractive regions for energy transition investments, with 54%, 52%, and 52% of investors respectively indicating interest [18][21] - Emerging markets, particularly in the Middle East and North Africa, are gaining traction due to their development initiatives and potential for high returns [22][21] - The report notes that while developed regions dominate current investments, emerging markets present significant growth opportunities for investors [70][21] Challenges and Risks - Policy and regulatory uncertainties are cited as the primary barriers to investment in energy transition assets, with 94% of investors prioritizing stable regulatory environments [42][58] - Market volatility and geopolitical tensions are also highlighted as significant concerns that could impact investment decisions [36][136] - The report indicates that investors are seeking partnerships to mitigate risks and enhance their influence in the energy transition landscape [175][233] Future Outlook - The report anticipates a substantial increase in investment levels required to meet the goals set by the Paris Agreement, estimating that annual investments need to triple from current levels between 2025 and 2030 [180][235] - Investors are expected to continue focusing on energy efficiency and electrification as key areas for growth, with emerging technologies like floating offshore wind and direct air capture gaining interest [64][75] - The report underscores the need for a comprehensive approach to energy transition, integrating various sectors and technologies to achieve sustainable outcomes [192][247]

《网络数据安全管理条例》是网安法、数安法、个 适用范围 • 在中华人民共和国境内开展网络数据处理活动及其安全监督管理； • 在中华人民共和国境外处理中华人民共和国境内自然人个人信息的活动，符合个保法第三 条第二款规定情形的依法适用； • 在中华人民共和国境外开展网络数据处理活动，损害中华人民共和国国家安全、公共利益 或者公民、组织合法权益的，依法追究法律责任 • 自然人因个人或者家庭事务处理个人信息的，不适用本条例。 违规后果 数据分类分级是数据安全治理的基础 | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|-----------------|----------|------------------------------|-------|--------------|------------------------| | 数据安全 \n分类 | | 数据安全 \n等级 | | 影响对象 | | 数据定级要素 | 影响程度 | | | | 1级 | | 个人权益、组织权益 | | | 无危害 | | | ...

财务预期 2022年这个时候，美国通过《芯片法案》，多家公司摩拳擦掌，纷 纷计划扩张。尽管这股热情并未完全消退，但似乎有所减弱，随着 公司陆续提交申请和拨款申请人评估规则和合规要求，相关公司逐 渐转向较现实的立场。 尽管中国大陆在研发支出方面仍落后于中国台湾地区、韩国和日本5， 但中国大陆大规模投资半导体行业的计划6将成为推动该地区半导体行 业增长预期的因素之一。 上升 无变化 资料来源：《2024年毕马威全球半导体行业展望》；受访者数量：172。 员工增长动力不足 | --- | --- | --- | --- | |-------|------------------------------------------------|--------|--------| | | 55% | 19% | 26% | | 上升 | 下跌 | 无变化 | | | | 各地受访者对其公司在2024年增加员工人数的观点。 | | | | 美国 | | 欧洲 | 亚太区 | | | | | | | 54% | | 54% | 66% | © 2024 ( ) — ( ) — — — ( ) 毕马威华振会计师事务所 特殊普通 ...

摘 要 国 国家金融监管总局等四部门明确推进农业保险精准投保理赔等事项 国家金融监管总局印发《保险资产风险分类暂行办法》—金规（2024）19号 • 完善固定收益类资产分类标准，调整本金或利息的逾期天数、减值准备比例标准等，与商业 银行保持一致；增加利益相关方风险管理状况、抵质押物质量等内容，丰富风险分类标准的 内外部因素； 中 中国人民银行等七部门联合发布《推动数字金融高质量发展行动方案》（下称《方案》）。《方 案》指出，推动数字技术在科技金融、绿色金融、普惠金融、养老金融、数实融合等"五篇大文 章"服务领域的应用，创新金融产品和服务模式，提升重点领域金融服务质效。夯实数字金融发 展基础，营造高效安全的支付环境，培育高质量金融数据市场，加强数字金融相关新兴基础设施 建设。完善数字金融治理体系，强化数字金融风险防范，加强数据和网络安全防护，加强数字金 融业务监管，提升金融监管数字化水平，健全金融消费者保护机制。 • 优化指标设置和评价标准。注重服务实效评价，既考量银行自身指标纵向变化，又注重其与 同业横向比较，提升评价的客观性和科学性； ） 地 内 国 ） 香 人在内的私营部门密切合作； 香港证监会（SFC） ...

Investment Rating - The report does not explicitly state an investment rating for the banking industry. Core Insights - The Chinese banking industry is expected to face a more complex and challenging operating environment by 2025 due to accumulating internal and external risk factors [1] - The industry is experiencing significant operational and technological risks, necessitating increased resilience in operational systems and enhanced risk management frameworks [2] - The report highlights the importance of adapting to the evolving macroeconomic landscape, regulatory changes, and the rapid advancement of financial technology [13][32] Summary by Relevant Sections Financial Risks - Capital and liquidity risks are identified as primary concerns, with a rising trend in risk levels. The implementation of new capital management regulations is expected to enhance capital adequacy and management capabilities [7] - The liquidity risk is also on the rise due to increasing uncertainty in the global economy and domestic financial markets, necessitating a strategic approach to asset-liability management [7] - Credit risk is highlighted, with a focus on the need for banks to optimize their credit structures in response to changing economic conditions [17] Non-Financial Risks - Operational and human resource risks are stable but require attention as the banking sector undergoes digital transformation and faces challenges in talent management [9] - Data governance remains a critical issue, with banks needing to enhance their data management practices to comply with regulatory expectations and improve operational efficiency [9] - Compliance and reputation risks are increasing, particularly in light of new anti-money laundering laws and the need for robust consumer protection measures [10][19] Macro Environment and Regulatory Risks - The report emphasizes the significant impact of geopolitical tensions and economic uncertainties on the banking sector, with a notable rise in macroeconomic and regulatory risks [15] - Regulatory reforms are ongoing, with a focus on enhancing the effectiveness and fairness of financial supervision, which will influence banks' operational strategies [16] Strategic and Operational Challenges - The banking industry faces strategic pressures to balance support for economic growth with maintaining financial health, particularly in a low-interest-rate environment [33] - The need for digital transformation is underscored, with banks encouraged to adopt innovative technologies to enhance service delivery and operational resilience [20][32] Emerging Risks and Opportunities - The emergence of disruptive technologies presents both risks and opportunities for the banking sector, necessitating proactive management and adaptation strategies [22] - The report calls for banks to enhance their risk management frameworks to address the complexities of modern financial services and the evolving regulatory landscape [32][33]

Today, we have more sustainability reporting frameworks (and acronyms!) than ever before. Spurred by the UN's Sustainable Development Goals, this current constellation of frameworks keeps companies reporting and capital markets watching ESG impacts and outcomes. As peers, competitors, and partners in commerce, and as citizens and neighbors in society, we value this important information from around the world and can leverage it for ongoing | --- | --- | --- | --- | --- | --- | |----------------------------- ...

Investment Rating - The report does not explicitly provide an investment rating for the real estate technology industry Core Insights - The real estate and construction sectors are crucial to China's economy, contributing 12.6% to the GDP in 2023, with significant potential for urbanization and growth [5] - The integration of technology in real estate, termed "PropTech," is essential for enhancing operational efficiency and transitioning to high-quality development [7][8] - The report emphasizes the importance of innovation and technology in driving the transformation of the real estate industry, particularly in the context of urbanization and societal needs [6][8] Summary by Sections Overall Overview - The report highlights the ongoing challenges in the real estate market, including a decline in land sales and housing transactions, while noting signs of stabilization following recent policy interventions [15] - The focus of the 2024 evaluation is on innovative applications of technology within the real estate sector, aiming to identify and promote new productive forces [23] Trends and Outlook in Real Estate Technology - The report identifies a shift towards digital transformation, with data and technology becoming central to the industry's future [16] - It discusses the role of emerging technologies such as big data, AI, and blockchain in reshaping the real estate landscape [7] Evaluation Process - The evaluation process for the leading real estate technology companies involves assessing innovative practices and their impact on the industry [14][36] - The report outlines the criteria for evaluation, focusing on foresight, innovation, and growth potential [31] Application Scenarios - The report categorizes application scenarios, with residential and industrial parks being the primary focus, accounting for 61% of the selected cases [37] - It notes the increasing importance of operational management and maintenance in the context of asset revitalization [47] Business and Technical Domains - The majority of selected cases are concentrated in operational management, with a significant emphasis on sustainability and construction management [49] - The report highlights the prevalence of big data applications among the selected cases, indicating a strong trend towards data-driven decision-making [53] Company Analysis - Most selected companies have been established for over five years, indicating a trend towards stability and experience in the sector [57] - The report notes that a significant portion of the selected companies have small to medium-sized teams, which allows for agility and responsiveness to market changes [59] Financing and Growth - Nearly half of the selected companies have not engaged in financing, reflecting the challenging financial environment in the real estate technology sector [64] - The report suggests that the ability to manage cash flow and operational efficiency is critical for the survival of these companies in the current market [64]

Investment Rating - The report indicates a strong positive outlook for AI in finance, with significant adoption and expected growth in usage across various financial functions [6][29]. Core Insights - AI is transforming finance by enhancing efficiency, accuracy, and decision-making capabilities, with 71% of companies currently using AI in finance [28][29]. - The report highlights a clear divide in AI adoption between leaders and other companies, with leaders significantly outperforming in AI usage and ROI [49][74]. - The use of generative AI is gaining traction, with leaders expecting to widely adopt it in financial reporting within three years [103][104]. Research Background - KPMG conducted a survey of 2,900 companies across 23 developed and emerging markets to assess AI usage in finance, expanding from an earlier study of 1,800 companies [8][21]. - The research aims to understand global trends in AI adoption, focusing on various financial areas including accounting, risk management, and tax operations [8][21]. AI Maturity Framework - The AI maturity framework categorizes companies into three groups: 24% leaders, 58% implementers, and 18% beginners, based on their progress in AI usage [14][19]. - Leaders are more likely to have advanced AI capabilities and are investing significantly in AI technologies compared to others [58][62]. Transforming Finance through AI - AI is being utilized across all areas of finance, with accounting and financial planning leading in adoption rates [30][31]. - Companies report benefits such as improved data accuracy, faster decision-making, and reduced costs due to AI implementation [28][29]. How AI Leaders Drive ROI - AI leaders report a higher ROI from AI investments, with 57% stating that their ROI exceeds expectations compared to 25% of beginners [74][75]. - Leaders are more likely to use AI for innovative applications, such as merging AI with blockchain for secure transactions [50][51]. Overcoming Barriers to AI Usage - Common barriers to AI adoption include data security vulnerabilities, lack of skilled personnel, and high implementation costs [81][84]. - Leaders are more proactive in addressing these challenges through investment in training and change management [92][93]. Shifts in Financial Reporting - The report notes significant advancements in AI usage for financial reporting, particularly in countries like Canada, Australia, and Japan [97][98]. - Generative AI is becoming increasingly important in financial reporting, with expectations for widespread adoption in the near future [103][104].

| --- | --- | --- | --- | --- | |-----------------------------|-------------------|-------|---------------------------------|-------| | KPMG 毕马威 | | | | | | | | | 毕马威中国第七届 领先汽车科技50 | | | | | | | | | 未来行业50 Future Sector 50 | 汽车科技 Autotech | | | | | | | | | | | kpmg.com/cn | | | | | 01 05 02 13 03 18 04 96 附件一 政策法规更新 附件二 术语缩写汇编 附件三 毕马威汽车行业洞察 附件四 毕马威中国汽车科技合伙人团队 关于毕马威 联系我们 © 2024年马威华振会计师事务所 (特殊普通合(0)—中国合伙制会计师事务所及毕马威企业咨询(中国)·有限公司—中国有限责任公司，均是与毕马威国际有限公司(英国私营担保有限公 司)相关联的独立成员所全球组织中的成员。版权所有，不得转载。 / La Har 1999 � 202 ...