当特朗普政府对中国挥舞关税大棒，将税率拉高至145%时，市场曾预测人民币汇率将一蹶不振。 然而，2025年的现实却出乎所有人意料：人民币不仅未崩 溃，反而从7.42的低位逆势反弹，年内升值超2.5%，稳居7.10关口附近。 这背后并非简单的市场波动，而是全球资本用脚投票，对中国经济韧性的肯定。 中美利差收窄进一步助推了人民币走强。 2025年9月，美联储宣布降息25个基点，而中国货币政策保持稳健，使得中美利差从倒挂转为收窄。 跨境资本迅速 反应，北向资金单日净流入超百亿元，近一周成交额达1.45万亿元。 2025年4月，美国推出"对等关税"政策，试图通过高压手段迫使中国妥协。 但现实是，关税战成了一把双刃剑。 美国经济因高关税面临通胀压力加剧，而中 国出口企业通过调整市场结构，将贸易方向转向东南亚、欧洲和非洲，成功对冲了对美出口下滑的影响。 数据显示，2025年前8个月，中国进出口总值达29.57万亿元，同比增长3.5%，其中出口增长6.9%。 机电产品、新能源汽车等高端制造出口占比持续提升， 贸易结构优化为人民币提供了坚实支撑。 甚至在美国加税后，中国对非美地区的出口增速一度达到两位数，形成"东方不亮西方亮 ...

Group 1 - The digital RMB sector increased by 1.15% compared to the previous trading day, with *ST Tianyu leading the gains [1] - The Shanghai Composite Index closed at 3917.36, up 0.69%, while the Shenzhen Component Index closed at 13332.73, up 1.47% [1] - The main capital flow in the digital RMB sector showed a net outflow of 372 million yuan, while retail investors contributed a net inflow of 362 million yuan [1] Group 2 - The net inflow from retail investors was 3.62 billion yuan, indicating strong interest from individual investors in the digital RMB sector [1] - The net inflow from speculative funds was 9.32 million yuan, suggesting some level of trading activity from this group [1] - The overall capital flow dynamics in the digital RMB sector reflect mixed investor sentiment [1]

在当今数字化浪潮席卷全球的时代，社交媒体平台成为了人们获取信息、交流互动和娱乐消费的重要场所。其中，TikTok 以其独特的短视频形式和强大的 社交属性，迅速风靡全球，吸引了数以亿计的用户。而直播功能作为 TikTok 的重要组成部分，更是为企业和个人提供了全新的营销和展示舞台。客易云数 字人的出现，犹如一颗璀璨的新星，为 TikTok 直播带来了全新的活力和无限的可能，解锁了 TikTok 直播的新境界。 TikTok 直播的魅力在于其强大的互动性和实时性。主播能够与观众进行即时的交流和互动，观众可以通过评论、点赞、送礼物等方式表达自己的喜好和意 见，这种双向的互动模式极大地增强了用户的参与感和粘性。然而，传统的真人主播在直播过程中也面临着诸多挑战。真人主播需要投入大量的时间和精力 进行准备和直播，长时间的高强度工作容易导致主播疲劳，影响直播效果。而且，真人主播的直播时间和状态受到诸多因素的限制，难以保证每天都能以最 佳状态进行直播。此外，真人主播的专业能力和知识储备也存在一定的局限性，可能无法满足观众多样化的需求。客易云数字人的出现，为解决这些问题提 供了完美的方案。 O I GET BORTABLE I ...

Core Viewpoint - The 22nd China International Financial Forum emphasizes the construction of an intelligent financial ecosystem in the digital economy era, highlighting the collaboration potential between Shanghai and Hong Kong in offshore finance and digital currency applications [1][6]. Group 1: Financial Centers and Collaboration - Hong Kong is recognized as one of the world's three major financial centers, while Shanghai is the largest onshore financial center in China, both benefiting from significant policy support in offshore finance [3][8]. - The development of offshore finance in Hainan post-closure is expected to accelerate, necessitating a discussion on how these three regions can collaborate and achieve differentiated competition in the coming years [3][8]. Group 2: Technological and Economic Transformations - The world is undergoing three major transformations: a new industrial revolution driven by technology, rapid restructuring of global supply chains, and significant changes in the geopolitical and international monetary landscape [3][8]. - Emerging technologies such as blockchain, AI, and big data are reshaping the financial industry, leading to a rapid evolution of financial infrastructure in the digital economy era [3][8]. Group 3: Digital Currency and Financial Infrastructure - There is substantial cooperation potential between Hong Kong and Shanghai in developing financial infrastructure for the digital economy, including expanding the application scenarios for digital RMB and establishing a collaborative ecosystem with digital HKD [4][9]. - The Shanghai and Shenzhen agreement on the collaborative development of international financial centers includes plans to connect financial infrastructure and accounts, emphasizing the need for forward-looking layouts involving blockchain and digital RMB [4][9]. Group 4: Future Opportunities in Financial Collaboration - The Shanghai Gold Exchange has launched an international version of its designated warehouse in Hong Kong, along with gold trading contracts for delivery in Hong Kong, indicating a step towards expanding cooperation into other commodities [4][9]. - Future collaboration could enhance the role of the RMB from a settlement currency to a pricing and reserve currency, with opportunities for establishing financial information service centers, international credit rating centers, and strengthening international arbitration centers [4][9].

Core Insights - The cross-border e-commerce industry is experiencing rapid growth, driven by globalization and the rise of live streaming as an interactive marketing model, creating new sales channels for businesses and enhancing consumer shopping experiences [1][9] Group 1: Challenges in Traditional Cross-Border E-Commerce Live Streaming - Traditional cross-border e-commerce live streaming relies heavily on human hosts, leading to significant labor cost issues, requiring large teams and extensive training [2] - Human hosts are affected by physical conditions and emotional fluctuations, making it difficult to maintain consistent quality and stability in live broadcasts [2] - Language and cultural differences pose major challenges, necessitating professional translators whose accuracy and understanding of cultural nuances can be unreliable [4] Group 2: Advantages of Kexiyun Digital Humans - Kexiyun Digital Humans can conduct 24/7 live streaming without fatigue, significantly extending broadcast hours and providing more exposure and sales opportunities for businesses [2] - They possess strong multilingual support and cross-cultural understanding, allowing seamless communication with diverse audiences and adapting content to local cultural preferences [4] - The advanced interactive system of Kexiyun Digital Humans enables real-time monitoring of audience engagement, allowing for immediate responses and enhancing viewer participation [5] Group 3: Visual Appeal and Data Analysis - Kexiyun Digital Humans can create diverse digital personas and virtual environments tailored to different themes and audiences, enhancing the visual experience for viewers [6] - They have robust data analysis capabilities, collecting and analyzing viewer metrics to optimize content and marketing strategies based on audience preferences and behaviors [8] Group 4: Future Prospects - The application of Kexiyun Digital Humans in cross-border e-commerce live streaming presents vast opportunities for innovation, with plans for continuous technological upgrades and integration with advanced technologies like virtual and augmented reality [8][9] - Kexiyun Digital Humans are set to play a crucial role in transforming the cross-border e-commerce live streaming landscape, offering efficient, cost-effective solutions for businesses and enriching consumer experiences [9]

Core Insights - The emergence of digital humans, particularly through the integration of Veo3.1 API, represents a significant advancement in virtual interaction, bridging the gap between the virtual and real worlds [1][7] - The Veo3.1 API enhances the capabilities of digital humans, allowing for improved data processing, semantic understanding, and emotional interaction, thereby transforming user experiences [3][4] Group 1: Digital Human Development - The digital human from Kexiyun has established a strong presence in the field due to its realistic modeling technology and intelligent algorithms, featuring lifelike appearances and natural interactions [1][3] - The integration of Veo3.1 API has provided Kexiyun's digital human with access to diverse data resources, enhancing its intelligence and interaction capabilities [3][6] Group 2: Language and Emotional Interaction - With the Veo3.1 API, Kexiyun's digital human has achieved a qualitative leap in language interaction, enabling deeper understanding of complex human language and intent [3][4] - The API's advanced emotional recognition technology allows the digital human to accurately gauge user emotions and respond appropriately, fostering a more empathetic interaction [4][6] Group 3: Content Creation and Application Scenarios - Kexiyun's digital human can generate diverse content quickly, such as stories and articles, leveraging the API's extensive resource library for creative inspiration [6][7] - The application scenarios for Kexiyun's digital human are expanding, including virtual social interactions, intelligent education, and customer service, enhancing user engagement and satisfaction [7]

Core Insights - The article highlights the rapid transformation of virtual and real-world interactions through digital human technology, with Kexiyun Digital Human emerging as a key player in this field [1][10] - The integration of Banana API is presented as a significant advancement, providing new capabilities and enhancing the user experience for Kexiyun Digital Human [1][10] Group 1: Technological Advancements - Kexiyun Digital Human focuses on creating highly realistic and intelligent virtual avatars, with meticulous attention to detail in appearance and interaction capabilities [1][4] - The incorporation of Banana API allows Kexiyun Digital Human to access a vast knowledge network, enabling quick retrieval of information across various fields [4] - The digital human can self-learn and optimize its responses based on user interactions, enhancing the personalization of its services [4] Group 2: Emotional and Contextual Interaction - Kexiyun Digital Human has made significant strides in emotional interaction by utilizing advanced emotional analysis technology from Banana API, allowing it to respond appropriately to users' emotional states [5] - The digital human demonstrates strong adaptability to different scenarios, providing tailored interaction strategies based on the context, such as virtual shopping or tourism [6] Group 3: Creative Capabilities - Banana API enriches Kexiyun Digital Human's creative potential by offering various tools for virtual art creation, storytelling, and music production [9] - This creative ability not only enhances the appeal of the digital human but also opens new opportunities for the digital content industry [9] Group 4: Future Prospects - The ongoing development and integration of Banana API with Kexiyun Digital Human suggest a promising future in virtual social interactions, intelligent education, and entertainment [10]

Core Viewpoint - The introduction of digital RMB represents a significant shift towards a transparent and traceable payment system, potentially ending the era of cash transactions and hidden dealings [1][10][13]. Group 1: Digital RMB Overview - Digital RMB has been piloted since 2019 and is currently being tested in 26 regions across 17 provinces, with a cumulative transaction amount reaching 7 trillion yuan by June 2024 [1][10]. - It is not merely an electronic version of cash; it signifies a new payment system that enhances transparency and traceability [1][10]. Group 2: Traceability and Privacy - Every transaction made with digital RMB is traceable, but the central bank employs a "controllable anonymity" approach to protect consumer privacy during small transactions [2][4]. - The central bank retains access to all transaction data, allowing for regulatory oversight and the ability to combat illegal activities [2][4]. Group 3: Impact on Corruption - Digital RMB poses a significant threat to illicit activities, particularly for corrupt officials who previously relied on cash transactions to conceal illegal gains [4][6]. - The system automatically records all transactions, making it difficult for corrupt individuals to hide their financial activities [4][6]. Group 4: Technological Support - Digital RMB supports smart contract functionalities, enabling precise control over fund flows, which is crucial for monitoring public funds and preventing misuse [4][5]. - The "dual offline payment" feature allows transactions without internet access, but all records sync once online, ensuring no transaction can remain hidden [5][6]. Group 5: Regulatory Advantages - The introduction of digital RMB provides regulatory bodies with enhanced capabilities to monitor and track financial flows, making it easier to identify discrepancies between income and expenditure [6][9]. - The system's transparency allows for real-time monitoring of officials' financial activities, serving as a deterrent against corruption [9][10]. Group 6: International Implications - Digital RMB's potential for cross-border payments enhances the ability to regulate illegal capital flight and ensures that international transactions are traceable [7][11]. - This innovation positions China uniquely in the global landscape, providing a robust framework for combating economic crimes [11][13]. Group 7: Broader Financial Ecosystem - The promotion of digital RMB reflects the government's commitment to creating a transparent and accountable financial ecosystem, which is essential for preventing money laundering, terrorist financing, and tax evasion [10][11]. - The transition to digital RMB is gradual, and while it is gaining traction, cash transactions still exist, indicating that opportunities for corruption remain, albeit diminishing [10][13].

新浪科技讯 12月20日上午消息，今日举办的摩尔线程2025MUSA开发者大会上，摩尔线程发布旗下首 款AI笔记本电脑"MTT AI BOOK"。据摩尔线程创始人、董事长兼首席执行官张建中介绍，该笔记本集 开发、办公、娱乐等新体验于一体，支持Windows虚拟机、Linux、Android容器、以及所有的国产操作 系统。 此外，该电脑还具有开箱即用的AI开发环境，可帮助开发者快速搭建智能体。内置了几乎所有强大的 AI密集计算需求和模型能力，几乎所有开发者需要的编程工具和工具链，都已经在电脑上进行了预安 装。 责任编辑：尉旖涵 "这看起来是一个笔记本，其实是一个算力本。"据张建中进一步透露，在AI能力上，该电脑还特别内置 了公司打造的2D数字人——小麦，该数字人能唱歌、绘画，同时也能进行知识问答和语音交流。（文 猛） ...

Core Insights - The 21st China-Singapore Bilateral Cooperation Joint Committee (JCBC) meeting was held in Chongqing on December 15, 2025, focusing on enhancing cooperation in the financial and capital markets between the two countries [1][2]. Group 1: Initiatives Launched - The meeting resulted in several initiatives aimed at strengthening financial cooperation, including the designation of DBS Bank as Singapore's second Renminbi clearing bank, following the Industrial and Commercial Bank of China Singapore branch [3]. - Support for A-share companies to conduct secondary listings on the Singapore Exchange (SGX) was announced, with the Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) facilitating this process [3]. - A new interbank counter bond market arrangement supported by Bank of China and DBS Bank was initiated, providing institutional investors access to specific fixed-income products from the Chinese interbank bond market [3]. - A pilot program for digital Renminbi (e-CNY) was launched for Singapore travelers, allowing them to open and top up digital wallets for merchant payments in China [4]. Group 2: Progress in Financial Cooperation - The MAS welcomed progress in cross-border green finance cooperation through the Singapore-China Green Finance Working Group, aiming to enhance interoperability of green classification standards [5]. - Collaboration on index and exchange-traded fund (ETF) products was deepened, with the launch of the China Securities Index and SGX Asian Emerging Markets Technology Index and plans for more ETF products under the Singapore-China ETF mutual recognition framework [5]. - A new financial cooperation memorandum was signed between the MAS and the Chongqing Municipal Government, promoting cross-border financing, fintech innovation, and green finance [5]. Group 3: Statements from Officials - The MAS Managing Director expressed that the deepening financial connectivity between China and Singapore has supported growth in cross-border trade and investment, and emphasized the importance of continued collaboration in banking and capital markets [6].