Group 1 - The integration of artificial intelligence and digital human technology is leading a revolutionary change in interaction, with generative AI technologies like GPT series and diffusion models enhancing the capabilities and realism of digital humans [1] - Digital humans are no longer limited to static displays; they can actively participate in dynamic scenarios such as live streaming and customer service, showcasing significant application potential [1] - The continuous improvement in autonomous learning and emotional perception capabilities of digital humans allows for better understanding of user needs and more personalized services [1] Group 2 - The rapid development of virtual reality technology provides unprecedented realism and three-dimensionality to digital humans, enhancing user immersion [3] - The maturity of multimodal interaction technologies, including voice recognition and natural language processing, enables digital humans to process information from various channels, resulting in more natural human-computer interaction [3] - The application of big data analytics allows digital humans to create precise user profiles, leading to better understanding of audience preferences and more personalized service offerings [3] Group 3 - Upgrades in hardware infrastructure, such as 5G, cloud rendering, and VR/AR devices, create low-latency and highly immersive environments for digital humans [3] - Although brain-computer interface technology is still in its early stages, its potential is gaining significant attention in the industry, promising new interaction methods for digital humans in the future [3]

Core Insights - The development of digital RMB has accelerated significantly this year, with the recent expansion of the "tap and go" trial in Shanghai's entire metro network, allowing passengers to use various forms of digital RMB wallets for quick access [1][2] - Multiple cities, including Beijing, Guangzhou, and Shanghai, have released development plans for digital RMB trials, enhancing application scenarios and optimizing the ecosystem [1][4] Group 1: Application Expansion - The application scenarios for digital RMB have expanded from retail payments to include government services, public transportation, and financial services, creating a comprehensive and multi-layered application landscape [4] - In the first half of the year, various local governments actively promoted the expansion of digital RMB application scenarios and technological innovation [4][5] - Digital RMB consumption red envelopes have been issued to stimulate consumption and support economic growth [4] Group 2: Cross-Border Payment and Future Prospects - Cross-border payment has emerged as a highlight in the development of digital RMB, with pilot banks participating in the multilateral central bank digital currency bridge project [6] - The digital RMB is expected to become a new channel for global digital trade settlement, reducing cross-border transaction costs and improving settlement efficiency [6][7] - Experts predict that digital RMB will play a larger role in cross-border payments, green finance, and smart economy, contributing to a more efficient and secure digital economic ecosystem [7]

Core Viewpoint - The Shandong Securities Regulatory Bureau has announced regulatory measures against Shandong Digital Human Technology Co., Ltd. due to issues related to financial accounting irregularities and inadequate internal controls [1][2]. Financial Irregularities - The company exhibited non-compliance in financial accounting, particularly in the revenue recognition for the "DR Equipment System" project in 2021, which lacked sufficient basis [2][3]. - For the years 2021 to 2023, the application of total and net revenue recognition methods was inappropriate, leading to inaccurate financial data disclosures. Specifically, the reported operating revenues were overstated by 13.59 million yuan in 2021, 996,800 yuan in 2022, and understated by 13.59 million yuan in 2023. Net profits were similarly affected, with increases of 3.76 million yuan in 2021, decreases of 3.26 million yuan in 2022, and decreases of 60,500 yuan in 2023 [2][3]. Internal Control Deficiencies - The company has significant deficiencies in internal controls, including the management of client projects, bidding, accounts receivable, and accounts payable. There are also shortcomings in the execution of procurement, contract, and acceptance management systems [3]. - These deficiencies violate several regulations, including the "Measures for the Administration of Information Disclosure by Listed Companies" and the "Corporate Governance Standards for Listed Companies" [3]. Company Overview - Shandong Digital Human Technology Co., Ltd. focuses on the research and application of digital human technology, providing leading information products and services in medical education, clinical medicine, and life sciences [5]. - The company is the only publicly listed entity in the digital medical education sector in China, with its products applied in 70% of medical colleges nationwide and nearly 100 medical institutions across over 50 countries [5].

7月7日，上海市人民政府办公厅发布的《上海市促进软件和信息服务业高质量发展的若干措施》提出，支持数字人、数字 孪生、虚拟现实、感知交互、空间计算等关键技术领域开展前瞻性技术攻关。 本报记者 寇佳丽 利好政策的发布，再次引发各界对数字人的广泛讨论。数字人也称AI数字人，是运用数字技术创造出来且与人类形象接近 的数字化人物形象，依赖手机、电脑或者智慧大屏等显示设备存在，主要可分为2D（二维）数字人和3D（三维）数字人两大 类。 今年以来，多地积极布局数字人领域。仅6月份，就有西宁市、绵阳市等多地政府部门上线了新款数字人，在赋能行业发 展的同时，也为广大消费者提供服务便利。 中国电子商务专家服务中心副主任郭涛对《证券日报》记者表示，数字人备受青睐，是人工智能技术进步、影响增强的具 体表现之一。多地在数字人领域的技术端或应用端积极开展布局，有利于促进数字人产业的规范化与规模化发展，有助于推动 AI技术在各行各业创造更大经济价值。 IT桔子（北京岁月桔子科技有限公司）数据显示，截至7月7日，年内数字人领域共发生投融资案件23起，接近2024年全年 数据（24起）；23起投融资案件金额共计35.07亿元，平均每起融资超1 ...

Group 1 - The "Star Craftsman" competition, organized by ZTE Corporation, aims to cultivate practical talents in the ICT field, with a focus on AI this year, building on last year's emphasis on 5G applications [1][2] - The competition highlights the need for versatile and practical talents in the industry, as evidenced by a task requiring participants to design and manage a complete 5G network [2] - The event has successfully integrated industry, education, and research, creating a positive ecosystem that supports talent development and addresses industry needs [2][3] Group 2 - The "New Quality Productivity Digital Talent White Paper" indicates that by 2025, China's digital economy is expected to exceed 60 trillion yuan, with a talent gap of 30 million [3] - ZTE plans to deepen strategic cooperation with universities to create a comprehensive talent training system that combines theory, practice, and innovation [3] - The competition saw participants from 201 institutions, with top awards going to teams from Heyuan Vocational and Technical College and Jiangxi Software Vocational Technical University [3]

Core Insights - Nanjing Silicon Intelligence Technology Group, an AIGC unicorn, has completed a multi-billion D round financing to enhance R&D and accelerate market application of its products [1] - The digital human market in China has surpassed 10 billion yuan in 2023 and is projected to reach 30 billion yuan by 2025, with a compound annual growth rate exceeding 50% [1] Company Overview - Silicon Intelligence has raised over 1 billion yuan across 10 funding rounds since its establishment in 2017, with notable investors including Tencent and Sequoia China [1] - The company focuses on AIGC digital human technology and has developed four main product lines: DUIX intelligent interaction platform, virtual live streaming platform, video production platform, and intelligent customer service [1] Technology and Product Development - The company is set to launch DUIX ONE, a next-generation multimodal large model, which integrates core algorithm capabilities such as speech recognition and computer vision [4][6] - DUIX ONE aims to enhance interaction realism and address previous limitations of digital humans, providing capabilities for intelligent dialogue and emotional understanding [6] Market Applications - Silicon Intelligence's digital human solutions have generated revenue in the hundreds of millions, serving over 5,000 brands and significantly reducing costs for businesses [9] - The company has collaborated with over 30 banks and insurance companies to deploy intelligent customer service digital humans [9] User Engagement and Accessibility - The company offers a digital human "cloning" service for individual users, allowing for personalized virtual avatars and real-time interaction capabilities [9] - The platform has over 500,000 users, generating an average of 500,000 content pieces daily, indicating a shift from passive consumption to active content creation among users [9] Future Directions - Silicon Intelligence plans to open-source its core technology to promote the widespread adoption of AIGC, facilitating integration into various industries [10] - The integration of multimodal AI capabilities into daily life is expected to redefine emotional communication and preserve human memories through digital technology [11]

证券代码：835670 证券简称：数字人 公告编号：2025-043 山东数字人科技股份有限公司 关于公司及相关人员收到行政监管措施决定书的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、基本情况 相关文书的全称：《中国证券监督管理委员会山东监管局行政监管措施决定 书》（〔2025〕54 号、〔2025〕55 号） 作出主体：中国证券监督管理委员会山东监管局 措施类别：行政监管措施 | 名称/姓名 | 类别 | 具体任职/关联关系 | | --- | --- | --- | | 山东数字人科技股份有 | 上市公司 | 上市公司 | | 限公司 | | | | 徐以发 | 控股股东/实际控 制人 | 董事长 | | 李庆柱 | 董监高 | 副董事长、总经理 | | 李相东 | 董监高 | 董事、副总经理、董事会秘书 | | 孔祥惠 | 董监高 | 董事、财务负责人 | 违规事实： 1、财务核算不规范 （1）公司 2021 年度"DR 设备系统"项目收入确认依据不充分。 （2）公司 2022 年至 ...

Core Viewpoint - The Chinese government is intensifying the replication and promotion of the "Shanghai experience" in free trade zones, focusing on innovative applications of digital currency and optimizing electronic payment services nationwide [1][8]. Group 1: Policy and Implementation - The State Council has issued a notification to replicate 77 pilot measures from the Shanghai Free Trade Zone, with 34 measures to be promoted to other free trade zones and 43 measures to be implemented nationwide [1][3]. - The measures focus on seven key areas, including service trade expansion, goods trade liberalization, high-standard digital trade rules, intellectual property protection, government procurement reform, border management reforms, and risk control system enhancement [3][4]. Group 2: Digital Trade and Data Management - The Shanghai Free Trade Zone has initiated extensive reforms in the digital sector, aligning with international digital trade standards and facilitating cross-border data flow, digital technology application, and data sharing [5][6]. - By 2024, Shanghai's digital trade imports and exports are projected to reach $109.53 billion, accounting for 30.1% of the national total, reflecting a year-on-year growth of 4.9% [6]. Group 3: Financial Sector Innovations - The financial sector in Shanghai has developed replicable experiences, including the optimization of cross-border fund management and the establishment of a significant number of cross-border funding pools [7][8]. - The People's Bank of China is set to enhance the functions of free trade accounts and support the development of offshore financial services, aiming to deepen financial openness and innovation in the Shanghai Free Trade Zone [8].

Core Viewpoint - The People's Bank of China (PBOC) plans to continue supporting the deepening of free trade pilot zones and promoting higher-level institutional opening-up while effectively preventing risks [1] Group 1: Financial Innovation and Support Policies - The PBOC will collaborate with relevant departments to enhance financial openness and innovation in the Shanghai Free Trade Zone [1] - Recently, eight support policies were announced at the Lujiazui Forum, including the development of offshore bonds and the optimization of free trade account functions [1] - Comprehensive reform pilot programs for offshore trade finance services will be initiated [1] Group 2: Replication and Promotion of Shanghai Experience - There will be an increased effort to replicate and promote the "Shanghai experience" in other free trade pilot zones [1] - Support for the innovative application of digital renminbi will be extended to relevant free trade pilot zones [1] - Measures to optimize electronic payment services will be promoted nationwide, exploring practical paths for the development of financial openness and innovation [1]

Core Viewpoint - The cross-border payment sector has seen a collective surge, with multiple stocks hitting the daily limit up, driven by the increasing relevance of cross-border payment solutions and digital currency initiatives in China [1][3][4][7]. Company Summaries - **Jida Zhengyuan (003029.SZ)**: Latest price at 26.16 yuan (+10.01% limit up). The company has financial-grade certification products applied in the RMB cross-border payment system (CIPS), collaborating with the central bank and six major state-owned banks [1]. - **Hailian Jinhui (002537.SZ)**: Latest price at 9.47 yuan (+9.99% limit up). It holds both cross-border RMB/foreign currency payment licenses and Hong Kong MSO licenses, serving over 200 countries. The business highlights include supporting 15 currencies across 8 major scenarios such as airline tickets and study abroad [3]. - **Youbo Xun (300531.SZ)**: Latest price at 21.14 yuan (+19.98% limit up). The company has seen a surge in overseas revenue from smart payment terminals and has participated in the design of digital RMB cross-border scenarios, with notable breakthroughs in the Russian market [4]. - **ST Rindong (002647.SZ)**: Latest price at 5.87 yuan (+5.01%). Its subsidiary, Heli Bao, holds cross-border RMB payment records, with expectations of turning losses into profits and lifting the company’s delisting risk [5]. - **Sifang Jingchuang (300468.SZ)**: Latest price at 47.39 yuan (+19.97% limit up). The company is deeply involved in the central bank's "Multilateral Digital Currency Bridge" project, with successful cross-border payment technology cases implemented in Hong Kong [7]. - **Lakara (300773.SZ)**: Latest price at 31.90 yuan (+13.04%). As a fully qualified payment institution, it has a cross-border network covering over 100 countries, with scarce qualifications registered with the foreign exchange administration [9]. - **Advanced Shuton (300541.SZ)**: Latest price at 15.79 yuan (+12.87%). The company provides CIPS interface solutions for commercial banks, focusing on transaction and clearing security control across the entire chain [11]. - **Huafeng Superfiber (300180.SZ)**: Latest price at 8.77 yuan (+9.08%). Its subsidiary, Weifutong, has delivered an overseas digital RMB cross-border system and is exploring cooperation models with CIPS [13].