4 月 24 日， 全球服务机器人领军企业普渡机器人与国际著名 咨询 研究 机构德勤 联合 发布《开放 性 的 全栈式 智能服务机器人生态》白皮书 （ 以下简称报告或白皮书） 。这是全球服务机器人行业的首份 生态发展白皮书， 揭示了商用服务机器人行业下半场的发展路径，并首次提出 了服务机器人行业的 ESG实践指引 。 通过系统性的数据分析和田野调查，白皮书深刻剖析了全球服务机器人行业的发展趋 势，指明了行业的发展方向与未来机遇。 报告下载链接： https://www2.deloitte.com/cn/zh/pages/energy-and-resources/articles/open-full-stack- intelligent-service-robot-ecosystem.html 白皮书指出，当前全球服务机器人市场正迎来爆发期，在关键技术创新、各国政策支持、产业转型升级 和人口结构改变等多重因素的驱动下，行业整体规模和需求增长强劲，机遇与挑战并存。在此背景下， 为了满足日益复杂的市场需求和多样化的应用场景，同时 伴随着商用服务机器人行业下半场的到来，普 渡机器人在全球范围内率先提出了构建开放性的全 ...

Core Viewpoint - The draft revision of the Tax Collection and Administration Law aims to address new challenges in tax administration due to rapid economic development and emerging technologies, particularly focusing on e-commerce platforms and big data [1][7]. Group 1: Key Changes in Tax Collection Law - The draft introduces significant amendments, including the addition of 16 articles, deletion of 4 articles, and modification of 69 articles, with a focus on the regulation of e-commerce platforms [1]. - E-commerce platform operators are required to report identity information and tax-related data of their operators and employees, and assist in tax declarations [3][4]. - Severe penalties are proposed for non-compliance, with fines ranging from 1.5 to 3 times the unpaid or underpaid tax amount [2][6]. Group 2: Responsibilities of E-commerce Platforms - The draft establishes a duty for e-commerce platforms to report tax-related information and assist in tax declarations, effectively integrating them into the tax governance system [3][4]. - Experts suggest that the requirement for platforms to assist in tax declarations should be tailored based on their access to necessary information [5][6]. - The penalties for failing to fulfill these obligations could significantly impact platforms, with fines potentially reaching up to 2 million yuan for severe violations [6]. Group 3: Digitalization of Tax Administration - The draft emphasizes the transition from traditional tax control methods to a data-driven approach, enhancing the modernization of tax administration systems [7][8]. - Tax authorities will utilize big data to assess tax liabilities and implement risk management strategies, ensuring equal legal standing for electronic and paper documents [7]. - The scope of tax audits will be expanded to include a wider range of economic activities, enhancing the ability of tax authorities to monitor compliance effectively [8].

Group 1 - The intermediary system for NASDAQ IPOs is crucial for connecting local operations with international capital markets, directly impacting the success rate and financing efficiency of listings [1] - Key intermediary institutions include investment banks, law firms, accounting firms, depositary banks, market makers, and public relations and investor relations consultants [1][27] - The article provides a comprehensive analysis of the roles, service offerings, fee structures, and selection strategies of these intermediaries, along with practical guidelines for 2025 market dynamics [1] Group 2 - Investment banks play a vital role in valuation pricing, roadshow strategies, and risk hedging, with underwriting fees ranging from 5-7% for amounts less than $100 million and 3-5% for amounts greater than $500 million [2][40] - Law firms are responsible for cross-border compliance, including VIE structure reviews and data security, with fixed fees between $500,000 and $2 million depending on complexity [3][4][40] - Accounting firms focus on financial restructuring and internal control establishment, charging between $500,000 and $1.5 million based on revenue [7][10][40] Group 3 - Depositary banks facilitate the issuance of American Depositary Receipts (ADRs) and cross-border settlements, with fees ranging from $50,000 to $200,000 [12][15][40] - Market makers manage liquidity and crisis response, charging annual fees between $100,000 and $500,000 [17][20][40] - Public relations and investor relations consultants assist in brand building and crisis management, with service fees ranging from $200,000 to $1 million [22][25][40] Group 4 - The overall fee structure for intermediaries in the IPO process can range from $200,000 to $600,000, accounting for 8-15% of the total financing amount [40] - Cost optimization strategies include selecting boutique investment banks for smaller fundraising and splitting auditing tasks to save costs [41] - The selection of intermediaries should consider industry expertise, regional experience, and crisis management capabilities [42][44] Group 5 - The intermediary system for NASDAQ listings exhibits a dual characteristic of "international rules + local adaptation," requiring firms to navigate both global standards and local regulatory environments [47][48] - Companies should prioritize intermediaries with capabilities that blend Western and Chinese practices to ensure compliance and efficiency in the IPO process [49]

Core Insights - The core theme of the event was "Inheriting Beauty, Co-creating Family and Enterprise," focusing on the diverse needs of ultra-high-net-worth clients in personal, family, and corporate aspects [1] - The comprehensive upgrade of the family office service system represents a strategic restructuring by the bank to respond to deep changes in the wealth management market [1] - The bank aims to leverage its multi-licensing advantages and deepen its "commercial bank + investment bank" strategy to empower family enterprises and foster new productive forces [1] Family Office Service Model - The bank introduced six core service centers: family inheritance, wealth management, legal and tax consulting, enterprise intelligence, global services, and lifestyle enjoyment, to provide systematic and customized high-end financial solutions [1][2] - In family inheritance services, the focus is on four core businesses: family charter, family trust, heir training, and charitable planning, ensuring wealth security and intergenerational transfer of both spiritual and material wealth [2] - For entrepreneur services, the bank offers a one-stop comprehensive financial service plan covering various financial needs throughout the enterprise development cycle [2] Professional Team and Strategic Partnerships - A comprehensive advisory team has been established, covering wealth management, corporate finance, tax law, and capital markets to support the family office service upgrade [2] - The bank awarded cooperation plaques to several strategic partners, including well-known enterprises and financial institutions, to expand cross-institutional service collaboration [3] - Since starting its private banking business in 2011 and receiving a dedicated license in 2021, the bank has grown its private banking client base to over 80,000, managing assets exceeding 1 trillion yuan [3]

Group 1: Economic Growth Factors - Asia's economic growth in 2017 exceeded expectations due to simultaneous increases in domestic demand and exports[12] - Major economies like China and India have successfully addressed significant issues, enhancing their growth prospects[13] - Infrastructure spending remains crucial for short-term economic activity and long-term productivity growth in the region[14] Group 2: Domestic Conditions - Many Asian economies are experiencing a rebound in domestic demand, particularly in India, the Philippines, and Thailand[14] - Internal trade is a primary driver of export growth, with over 50% of exports from Asian countries sold within the region[14] - Inflation stability allows for continued monetary policy support for economic recovery[14] Group 3: Infrastructure Initiatives - The "Belt and Road" initiative is a significant infrastructure project aimed at enhancing trade links between Asia and Europe, with an investment total of $900 billion[79] - Governments across Asia are committing substantial funds to infrastructure projects, particularly in transportation[27] - India's government has launched a ₹7 trillion infrastructure project aimed at constructing over 80,000 kilometers of roads by March 2022[27] Group 4: Global Demand Recovery - Global economic growth is projected to rise from 3.2% in 2016 to 3.6% in 2017 and 3.7% in 2018, benefiting Asia's trade-driven economies[34] - Over 75% of the global economy is currently in recovery, supporting increased economic activity in the Asia-Pacific region[34] - The World Trade Organization reports a 5.1% increase in global trade volume in September 2017, indicating a robust recovery in exports[51]

在特朗普2.0的背景下，全球贸易争端再升级，全球产业链格局正经历深刻的变化，从 "不出海，就出 局" 到如今 "盲目出海也出局" 的新共识，中国企业不得不再次重新审视和调整其在全球范围内的布 局。 随着出海和跨境电商企业的业务迅猛发展， 复杂多变的海外税收环境和各国不尽相同的税制 给出海和 跨境电商企业带来巨大的海外经营和财税合规风险，企业涉税暴雷事件频传。 随着出海企业越来越多，出海相关的业务需求也日益增多， 税务师、律师、会计师等中介机构如何帮 助企业做好出海规划，获取高价值业务？ 鉴于此， 梧桐课堂 特联合麒瑞丰，于 2025年3月28-30日 在 苏州 ，举办 《跨境电商·出海企业股权架 构设计与税务风险管理》 线下培训。 主讲嘉宾 叶永青 金杜律师事务所高级合伙人 ● 拥有20多年国内外税务项目经验，在对外投资、国际税收及转让定价等国内外税务领域积累了丰 富的项目经验 ● 曾担任德勤上海的税务合伙人,负责德勤华东地区的主要工作并在徳勤美国工作多年，专注于国际 税收筹划和转让定价工作 ● 2014-2024年被《法律500强》评为"领先律师" ● 2014-2024年被《钱伯斯亚太概览》评为中国税务领 ...

近日，德勤发布《2025科技、传媒和电信行业预测》，报告包括5大篇章20个前沿主题，涵盖生成式AI革新，传 媒、娱乐及体育变革，电信和科技的最新进展，引人注目的新兴趋势，以及对过往预测的回顾。 德 勤预测， 2025年将是生成式AI与科技、传媒和电信 （TMT） 行业迎来重大转折的"间隔年"，这一年将凸显出弥合关 键差距以解锁当今潜力的迫切需求。 至2025年及以后，TMT行业即将实现重大飞跃，这一飞跃在很大程度 上得益于生成式AI的迅速普及。 本文摘编了报告中对部分行业的趋势洞察，希望为大家提供一个更全面的视角，助力你探索未来发展的无限可 能。 生成式AI 端侧生成式AI能否助力智能手机市场复兴 凭借特殊芯片和移动操作系统的广泛集成，智能手机可真正实现大智慧，但用户是否愿意为智能交互的革新 买单？ 德勤预测，2025年全球智能手机出货量将从2024年的5%年增长率小幅提升至7%左右。部分增长量可能来自 换机周期，另一部分增长动力是早期用户对端侧生成式AI的热情追捧。智能手机搭载生成式AI功能将验证 智能助手、对话界面等功能的实用性，展现设备上运行小型模型的能力，并探索在生成式AI高资本投入下 实现经济价值的 ...

文/梧桐数据中心 2024年，港股新上市公司累计70家，其中主板67家，创业板3家，数量与2023年持平，募集资金金额合计873.18亿港元，同比增长89.93%。中介机构业绩方面，中 金公司保荐19单，位列第一；中信证券12单、华泰国际7单，位列二三；高伟绅律师行和竞天公诚律所分别占据香港、中国法律顾问之首，业务单数分别为12单、 13单；"四大"则包揽了近90%的审计业务，毕马威19单，罗兵咸永道18单、安永15单、德勤12单。 一、保荐人业绩排名 2024年，共有39家保荐人为这70家香港上市公司提供了保荐服务，其中联合保荐的拆开计算，各计1单。 第一名：中金公司（19单） 第二名：中信证券（香港）（12单） 第三名：华泰国际（7单） | 1 | 甲金公可 | । તે | | --- | --- | --- | | 2 | 中信证券(香港) | 12 | | 3 | 八年泰国际 | 7 | | 4. | 海通国际 | 6 | | 5 | 建银国际 | 5 | | 5 | 招银国际 | 5 | | 7 | 摩根大通 | 4 | | 7 | 衣银国际 | 4 | | 7 | 瑞银集团 | 4 | | 10 ...

本文为IPO早知道原创 作者｜罗宾 微信公众号｜ipozaozhidao 更多中资企业赴美上市，募资额较2023年翻倍。 据IPO早知道消息，12月18日，德勤中国资本市场服务部发布了中国内地及香港新股市场2024年回 顾与2025年前景展望。 以新股融资总额计算，在为一家韩国汽车制造商上市成为今年全球第三大新股及为大量公司上市后， 印度国家证券交易所将崛起成为2024年全球最大的上市地。纳斯达克和纽交所分别取得第二和第三 位。前者为一家冷藏库存公司上市成为今年全球最大新股，后者有更多大型新股上市。中国内地家电 集团、饮料公司、综合物流服务公司和乘用车高级辅助驾驶和高阶自动驾驶解决方案提供商的上市项 目使香港交易所稳守第四位。因有一家地铁营运商上市，东京证券交易所跃升至第五位。上交所和深 交所则分别位居第六位和第八位。 来源：德勤 香港新股融资额大增 A股IPO保持质量为先 香港新股市场在2024年9月起开始回升。今年香港的极大规模新股数量、融资金额与主板新股总融 资额均明显较去年更加理想。截至2024年12月31日，预计香港将会录得69只新股融资大约876亿 港元。与2023年70只新股融资463亿港元比较 ...