文 | 施嘉翔 编辑 | 刘旌 正如历史上的任何一次革命，ChatGPT的出现带来了无限的可能，但也瞬间打乱了一些可能。 陶芳波创办的心识宇宙大概就是后者。 2021年底出来融资时，投资人问陶芳波AGI多久能实现，团队认为AI还处于自动驾驶的L1阶段，所以预计有20年，但"给投资人画饼说最快5年左右"。 一年后，ChatGPT横空出世。此时距离心识宇宙刚刚发布第一款产品MindOS不过一个月，这位前阿里神经符号实验室创建人吃惊地发现，基于上一代大 模型的定制MindOS还没有裸的ChatGPT好。 预定的客户放弃合同、计划的融资节奏被打乱、部分团队成员离开，原本的马拉松被陡然快速缩小至百米冲刺。陶芳波说，心识宇宙差点就死了，为了让 公司继续运转，"他一度要签下回购卖身契，并把公司搬离杭州，直到一家海外机构给了续命的500万美金。 第一轮的钱打进来前，我们在杭州租了第一个办公室。某天下午在阳台上搞了一个白板，4个人连商业模式还没想清楚，就开始在春天的阳光下，讨论公 司的愿景，最后讨论的结果是，让创造和美无处不在。和技术一点关系没有。 线性资本的王淮也是我们的天使投资人，我和他都在 Facebook 工作过。正式 ...

Market Performance - The ChiNext Index fell by 1.84%, closing at 3263.02 points, with a total trading volume of 645.299 billion yuan, an increase of 24.566 billion yuan compared to the previous trading day [1] - Among the tradable ChiNext stocks, 257 stocks closed higher, with 7 stocks hitting the daily limit up, while 1115 stocks closed lower, with 8 stocks declining over 10% [1] Turnover Rate - The average turnover rate for the ChiNext today was 4.16%, with 20 stocks having a turnover rate exceeding 20% [1] - The highest turnover rate was for HaiKe XinYuan at 47.58%, followed by KeDa GuoChuang at 41.42% [1] Institutional Activity - Five high turnover ChiNext stocks appeared on the Dragon and Tiger List, with institutional participation noted in several stocks [3] - HaiKe XinYuan saw a net institutional buy of 26.5752 million yuan, while KeDa GuoChuang experienced a net institutional sell of 359 million yuan [3] Fund Flow - Among high turnover stocks, 7 stocks experienced net inflows from main funds, with HaiKe XinYuan leading at 150 million yuan [3] - Conversely, KeDa GuoChuang, WeiShiTon, and BeiFang ChangLong saw significant net outflows, with amounts of 154 million yuan, 105 million yuan, and 101 million yuan respectively [3] Quarterly Reports - Among the high turnover stocks, 20 companies released their Q3 reports, with notable profit growth from XingFeng New Materials, ZhongKe Magnetic Materials, and BeiFang ChangLong, showing increases of 1852.52%, 214.28%, and 208.52% respectively [4]

今日，CPO、PCB、国产算力等方向集体回调，光伏、锂电、储能等新能源题材冲高回落，创业板系列指数震荡调整。截至收盘，创业板中盘200指数下跌 1.3%，创业板指数下跌1.8%，创业板成长指数下跌2.5%，创业板ETF（159915）今日净申购超1.3亿份。 每日经济新闻 ...

南方财经记者郑玮 泉州报道 "我们是第二次参加大赛了。上一届大赛的合作效果非常不错，我们在知识产权布局上有了质的提升， 出口额也增长了3倍。"广东岭南大健康生态科技集团有限公司董事长陈健荣说。 10月26日至28日，第三届全国博士后创新创业大赛总决赛（以下简称"大赛"）在福建泉州举行。 陈健荣与华南理工大学博士后团队在比赛场馆内完成了项目签约，将合作推动陈皮产业贮藏保鲜技术的 研究与应用。"这几年我们明显感觉到，科研团队拿出来的方案可实施性越来越高，可以说更加'务 实'，也更容易与企业达成共识，实现成果转化。"陈健荣向南方财经记者表示。 陈健荣的感受不是孤例。 "科研成果'既要上书架，也要上货架'。我们研发的起点就是市场的痛点。"深圳大学医学部生物医学工 程学院张学记院士团队在站博士后谢媛婷展示了一款新技术装置，能够无痛实现血糖、尿酸等近10种指 标检测，"此前已经有很多意向企业和我们接洽"。 在大赛上，博士后等青年科研人才被亲切地称呼为"青稞"。这些充满朝气的小苗，成为牵起科研与产业 两方创新力量的关键桥梁。直面全球新一轮科技浪潮和产业变革，"青稞"正成为新的"执旗者"。 "既要上书架也要上货架" "通过我 ...

Core Insights - The 2025 Hurun Women Entrepreneurs List was released, highlighting the top 50 female entrepreneurs in China, with Zhong Huijuan and her daughter Sun Yuan from Hansoh Pharmaceutical becoming the richest women in China with a wealth of 141 billion yuan [1][6]. Company Overview - Hansoh Pharmaceutical, founded by Zhong Huijuan and her husband Sun Piaoyang, has seen significant growth, with its market value exceeding 200 billion HKD, doubling in stock price this year [6][7]. - The company focuses on innovative drug development, particularly in areas such as oncology, anti-infection, central nervous system disorders, metabolism, and autoimmune diseases [6]. Wealth Rankings - Sun Piaoyang, with a wealth of 100 billion yuan, ranks 38th on the list, making them a prominent couple in the pharmaceutical industry [6][7]. - The threshold for the top ten on the list has increased by 13 billion yuan compared to last year, now standing at 55 billion yuan [8]. Industry Trends - The innovative pharmaceutical sector has experienced a boom, contributing to the significant increase in wealth for Zhong Huijuan [7]. - New entrants in the list indicate a diversification of female entrepreneurs into high-growth sectors such as electronic materials and medical aesthetics [8].

（原标题：以色列央行原行长独家专访：控通胀如何铸就"创业国家"传奇） 南方财经21世纪经济报道记者郑青亭 上海报道 "在货币政策领域，我想强调一个关键原则：央行的独立性至关重要。必须确保不仅拥有必要的政策工 具，更在法律与政治层面被赋予实施必要、有时甚至是艰难决策的能力。"以色列央行原行长、G30荣 誉主席、弗伦克尔-祖克曼全球经济学研究所主席雅各布·弗伦克尔(Jacob A.FRENKEL)近日在2025外滩 年会上接受21世纪经济报道记者独家专访时说道。 这一观点在当前国际背景下尤具现实意义。自特朗普第二次就任美国总统以来，他多次公开批评美联储 主席鲍威尔，并敦促美联储实施"大幅降息"，使美国央行的独立性面临数十年来未有的挑战。未来数 月，各方将密切关注美国央行独立性能否延续，以及新主席人选的政策倾向将如何影响全局。 弗伦克尔说，中央银行的独立性是经济稳定的核心支柱。他解释道，政治体系天然倾向于关注短期目 标，而货币政策的效果存在滞后性，需要中长期视角。"如果银行不独立，就会面临政治压力，要求迅 速带来结果。但快速的结果往往不可持续。" 现年82岁的弗伦克尔被誉为"以色列经济开放之父"，这一称号源于他于1 ...

Core Insights - The 2025 Hurun Women Entrepreneurs List highlights the top 50 female entrepreneurs in China, with significant wealth increases noted in the pharmaceutical and consumer electronics sectors [1][6]. Group 1: Key Figures - Zhong Huijuan and her daughter Sun Yuan from Hansoh Pharmaceutical topped the list with a wealth of 141 billion RMB, marking an 83% increase [2][3]. - Zhou Qunfei of Lens Technology ranked second with a wealth of 110 billion RMB, experiencing a 75% increase [2][6]. - Zong Fuli of Wahaha ranked third with 87.5 billion RMB, a decrease of two positions from the previous year [2][6]. Group 2: Industry Performance - The pharmaceutical sector, particularly innovative drug companies like Hansoh Pharmaceutical, has seen substantial growth, with Hansoh's market value exceeding 200 billion HKD and a stock price increase of over 100% this year [5]. - The consumer electronics sector has also been a significant driver of wealth growth, with companies like Lens Technology and Luxshare Precision experiencing notable increases in wealth due to rising demand for smart devices [6]. Group 3: New Entrants - The list saw the addition of eight new entrants, with notable figures including Ye Qiongjiu from Tonghuashun at 30.5 billion RMB and Jian Yao from Mindray at 27 billion RMB [7][8]. - The new entrants reflect a mix of industries, including financial services, medical devices, and chemical raw materials [8].

Core Insights - The 2025 Hurun Women Entrepreneurs List highlights the top 50 female entrepreneurs in China, with notable wealth increases in the pharmaceutical and consumer electronics sectors [1] Group 1: Key Individuals - Zhong Huijuan and her daughter Sun Yuan from Hansoh Pharmaceutical have become the richest women in China with a wealth of 141 billion RMB [1] - Zhou Qunfei from Lens Technology ranks second with a wealth increase of 47 billion RMB, totaling 110 billion RMB [1] - Zong Fuli ranks third with a wealth of 87.5 billion RMB, a decline of two positions from the previous year [1] Group 2: Company Performance - Hansoh Pharmaceutical, under Zhong Huijuan's leadership, has seen its market value rise from approximately 90 billion HKD to over 200 billion HKD, with a stock price increase of over 100% this year [5] - The company focuses on innovative drug development, particularly in areas such as oncology and autoimmune diseases [4] Group 3: New Entrants and Trends - The list includes eight new entrants, with the top three being Ye Qiongjiu from Tonghuashun (30.5 billion RMB), Jian Yao from Mindray (27 billion RMB), and Wang Sihan from Hongren (24.5 billion RMB) [7][8] - The consumer electronics sector has been a significant driver of wealth growth for female entrepreneurs, attributed to the popularity of short videos and global demand for smart devices [6]

Market Overview - The market experienced volatility with all three major indices showing significant declines, with the ChiNext Index dropping nearly 2% and the Shanghai Composite Index falling below 4000 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.42 trillion yuan, an increase of 165.6 billion yuan compared to the previous trading day [1] - A total of 4100 stocks in the market declined, indicating a broad-based sell-off [1] Sector Performance - The lithium mining sector showed strong performance, with Tianqi Lithium hitting the daily limit up [1][6] - The quantum technology sector was notably active, with stocks like Shenzhou Information and Geer Software achieving consecutive gains [1][2] - The battery sector also saw gains, with companies like Shida Shenghua and Tianji Shares reaching the daily limit up [1][2] - Conversely, the computing hardware sector faced significant declines, with stocks like Tianfu Communication and Xinyi Sheng dropping sharply [1][5] Lithium Industry Insights - Since mid-September, the price of lithium hexafluorophosphate has been on a rapid rise, reaching an average spot price of 97,500 yuan per ton as of October 27, with a daily increase of 4,500 yuan [3] - The lithium battery and energy storage sectors are showing signs of fundamental recovery, attracting more capital as other high-tech sectors face adjustments [3][6] Quantum Technology Developments - NVIDIA launched NVQLink, connecting 17 quantum computing companies and 9 research laboratories, which is expected to enhance the performance of quantum processors [2] - The recent positive news flow has led to a strong continuation in quantum technology stocks, indicating their relative independence from broader market trends [2][6] Future Market Outlook - The market is currently at a critical juncture, with the potential for a rebound if it can maintain support near the 5-day moving average [8] - The performance of previously leading sectors, such as computing hardware, will be crucial in determining overall market sentiment moving forward [8] - The ability of the lithium and energy sectors to sustain their momentum will also be a key focus for investors [8]

Market Overview - The market experienced volatility with all three major indices showing a significant drop, particularly the ChiNext Index which fell nearly 2% and the Shanghai Composite Index dropping below 4000 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.42 trillion yuan, an increase of 165.6 billion yuan compared to the previous trading day [1] - A total of 4100 stocks in the market declined, indicating a broad-based sell-off [1] Sector Performance - The lithium mining sector showed strong performance, with Tianqi Lithium hitting the daily limit [2][3] - Quantum technology stocks were notably active, with Shenzhou Information achieving consecutive gains and Geer Software performing well over six days [2] - The battery sector also saw gains, with companies like Shida Shenghua and Tianji Shares reaching their daily limits [1][2] - Conversely, the computing hardware sector faced significant declines, with stocks like Tianfu Communication and Xinyi Sheng dropping sharply due to slowing quarterly performance [5] Individual Stock Highlights - In the computing hardware sector, Tianfu Communication fell over 10% and Xinyi Sheng nearly 7%, attributed to a slowdown in quarterly growth [5] - Quantum technology stocks demonstrated strong continuity, with Geer Software achieving four consecutive gains and Shenzhou Information three [5] - The lithium battery sector continued to strengthen, with companies like Tianji Shares and Jiangte Electric hitting their daily limits, driven by rising prices of lithium hexafluorophosphate [5][6] Future Market Outlook - The market's mid-term trend remains bullish, provided there are no significant sell-offs that disrupt the current structure [7] - The performance of the computing hardware sector will be crucial in determining market sentiment moving forward [7] - The ability of the lithium and energy storage sectors to maintain their upward momentum will also be a key focus for future market developments [7]