四秩耕耘，惠泽 城乡。12月13 日，2025大湾区 农交会现场同步 举行中国农产品 批发市场升维发 展论坛（以下简 称"论坛"），全 国城市农贸中心 联合会会长马增 俊等来自全国各 地的行业巨擘， 围绕"突破 升维 新质生产力"主 题，带来了3场 主题论坛、10场 精彩演讲，共同 探讨中国农批行 业"踏新升维"的 发展路径。 数智破局，踏新 升维，中国农产 品批发市场行业 发展论坛在广州 召开_南方+_南 方plus 继往开来，踏新 升维 12月13日，2025大湾区农交会现场同步举行中国农产品批发市场升维发展论坛。 行业百强发展趋 势出炉 从1984年寿光蔬 菜批发市场启 用，到如今1249 家亿元级市场织 就全国流通网 络，中国农批市 场用四十载光 阴，完成了 从"解决有 无"到"追求优 质"的跨越。第 一场论坛主题 是"回顾与展 望"，马增俊和 全国城市农贸中 心联合会副会长 兼秘书长陈敏， 创新地采取 了"老一 辈"和"新一 代"同台对话的 形式开场。 马增俊在《继往 开来踏新升维 ——中国农批40 年》演讲总结中 国农批过往的发 展经验，思索未 来"如何在变局 中寻求发展"的 问题。四十年 来，中 ...

近日，中国济南·第二届全国数据技术与应用职业技能竞赛在国家超级计算济南中心科技园成功举办。东营银行王振刚、崔寒旭在商务数据分析与应用赛项 中，分别以第一名、第四名的优异成绩摘得一等奖（金牌），许文媛荣获该赛项铜牌，牛伟强、孙佳喆、王志汇在数据安全与应用赛项中荣获铜牌，获奖员 工凭借精湛的专业技能与扎实的实践功底斩获佳绩，在全国赛场展现了东营银行数据人才硬实力。 第二届全国数据技术与应用职业技能竞赛由中国职工技术协会、山东省总工会共同主办，设置数据要素×技术与应用、商务数据分析与应用、数据安全与应 用三个赛道，吸引全国12个省、28个地市889名从事数据技术与应用相关工作的企事业单位职工参赛。此次全国竞赛的优异表现，不仅是对获奖员工个人能 力的认可，更是东营银行数字化转型与人才培养战略的阶段性成果。截至2025年11月末，东营银行资产总额突破2630亿元，存款总额2209亿元，贷款余额 1440亿元，在全球银行1000强排名中稳步提升至539位，综合实力和核心竞争力持续增强，数字化转型成效已转化为实实在在的发展动能。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 未来，东营银行将以此次全国竞赛获 ...

Core Viewpoint - The automotive industry is accelerating its transition to intelligence, leading to increasingly complex collision safety testing scenarios, highlighting the limitations of traditional crash test dummies in terms of biomimicry and damage data output [1] Group 1: Development of Digital Human Models - The Tianjin Inspection Center has successfully developed a standardized digital human model representing the 50th percentile of Chinese males, addressing long-standing technical challenges and establishing a new automotive safety testing system tailored to Chinese physical characteristics [1][5] - Digital human models have become a new type of anthropomorphic testing equipment, showcasing significant advantages in new scenarios such as high-angle collisions and intelligent driving, thus becoming a key competitive area in global automotive safety technology [3] Group 2: Challenges in Domestic Automotive Safety Testing - The domestic automotive safety testing field faces two major bottlenecks: existing digital human models are often based on single volunteer images, lacking a unified standard for widespread application, and mainstream models are based on Western body types, which do not accurately simulate the impact injuries of the Chinese population [3][5] Group 3: Technological Innovations - The project team at Tianjin Inspection Center has integrated multiple innovative technologies throughout the model development process, including geometric model construction, finite element model configuration, and validation work [6] - The geometric model construction phase utilized AI algorithms for batch processing of medical images, resulting in a human geometric model that accurately reflects the 50th percentile body parameters of Chinese individuals, characterized by realism, representativeness, and standardization [6][8] Group 4: Model Validation and Application - The finite element model construction employed refined modeling techniques to accurately reflect the physiological structure details and ensure the model's ability to represent the overall and local response characteristics of the human body under mechanical loads [8] - The standardized digital human model developed by Tianjin Inspection Center is the first fully parameterized biomechanical finite element model in China's automotive safety field, adaptable to various collision scenarios and intelligent driving, providing a high-level virtual testing tool for the automotive industry [9]

Core Viewpoint - The announcements from Paig Bio-B (02625) reflect a dual approach of "confidence" and "aggressiveness," with cornerstone shareholders voluntarily locking their shares to express long-term confidence in the company's development while also initiating a placement to raise funds for future expansion [1][2]. Group 1: Cornerstone Shareholder Lock-up - Cornerstone investors have voluntarily extended their share lock-up period to April 30, 2024, demonstrating their strong confidence in the company's R&D capabilities and progress towards significant clinical milestones [2]. - This extension indicates that cornerstone investors are not merely financial speculators but rather long-term value investors, willing to forgo liquidity to support the company's growth [2]. - The timing of the lock-up extension suggests it may coincide with key R&D milestones or potential international collaborations, reflecting the investors' expectations for positive developments [2]. Group 2: Fundraising Strategy - Paig Bio plans to raise nearly HKD 300 million through a share placement at HKD 58.41 per share, with the offering managed by several prominent institutions [3]. - The funds are earmarked for strategic development rather than immediate financial relief, with a focus on four key areas: digital transformation in R&D, financial health, pipeline sustainability, and operational reserves [3][4]. - The first area, digital transformation, will consume HKD 118 million (40% of the total), aimed at enhancing drug discovery through AI and data integration [3][4]. Group 3: Financial Health and Pipeline Development - The second area focuses on financial health, allocating 28% of the funds to repay bank loans, thereby reducing interest expenses and improving cash flow [4]. - The third area emphasizes pipeline sustainability and internationalization, with 12% and 10% of the funds respectively directed towards advancing products PB2301/PB2309 and establishing a subsidiary in Hong Kong for global expansion [4][5]. - The final area, operational reserves, will account for 10% of the funds, preparing the company for the upcoming commercialization phase [5]. Group 4: Market Perception and Future Outlook - The combination of the fundraising initiative and the cornerstone investors' support creates a positive feedback loop, reducing uncertainties associated with the placement and shifting market focus from short-term dilution to long-term value creation [6]. - The management's proactive approach, coupled with the backing from cornerstone investors, positions Paig Bio favorably for future growth and innovation, making it a company to watch in the industry [6].

Core Viewpoint - During the "14th Five-Year Plan" period, China Life Insurance Company Limited has achieved significant milestones in insurance premium income, asset growth, and service enhancement, reflecting the company's commitment to supporting national development and improving people's livelihoods [16][17][19]. Group 1: Insurance Industry Growth - The insurance industry in China has seen a dual improvement in scale and quality, with total insurance premium income reaching 7 trillion yuan in 2024 [15]. - By the end of the third quarter of 2025, the comprehensive solvency adequacy ratio of the insurance industry was 186.3%, and the core solvency adequacy ratio was 134.3% [15]. - China Life's total premium income surpassed 700 billion yuan, with total assets and investment assets both exceeding 7 trillion yuan [17]. Group 2: Social Security and Healthcare - The basic medical insurance coverage rate in China has stabilized at around 95%, with 1.327 billion people enrolled by 2024 [3]. - The basic pension insurance coverage rate has also exceeded 95%, with the number of elderly care institutions reaching 406,000 by the end of 2024 [5]. - The average disposable income of rural residents increased from 17,000 yuan in 2020 to 23,000 yuan in 2024 [9]. Group 3: Employment and Economic Support - By the end of August 2025, urban employment in China had increased by 59.21 million [7]. - China Life has provided comprehensive risk protection for over 480,000 small and micro enterprises, amounting to approximately 2.7 trillion yuan [7]. - The number of specialized and innovative small and medium-sized enterprises exceeded 10,000 during the "14th Five-Year Plan" period [11]. Group 4: Product Development and Service Enhancement - China Life has developed over 560 new products during the "14th Five-Year Plan" period, covering various needs such as medical, pension, and wealth management [20]. - The company has launched 20 institutional elderly care projects and four "flexible living" elderly care service products by the end of the third quarter of 2025 [23]. - The digital transformation of China Life has led to a significant increase in service efficiency, with an intelligent underwriting review rate of 95.8% and a claims processing rate exceeding 75% [29]. Group 5: Commitment to National Development - China Life has invested over 5 trillion yuan in supporting the real economy, focusing on key areas such as technology innovation and clean energy projects [31][32]. - The company has actively participated in rural revitalization efforts, with 1,445 support points established and over 1,000 support personnel dispatched in 2024 [32]. - China Life has donated 21 million yuan to its charity foundation in 2024, demonstrating its commitment to social responsibility [32].

Group 1 - The core viewpoint of the article highlights a strategic partnership between the Pukou Economic Development Zone and Jiangsu Lendi Data Technology Co., Ltd. to advance in the financial technology equipment manufacturing sector [1] - Lendi Data Technology has established itself as a benchmark enterprise in the domestic financial technology equipment manufacturing field, focusing on the research and development of intelligent security devices for financial institutions and digital management services [1] - The signing of the agreement signifies the establishment of a financial self-service equipment R&D and production project in the development zone, which is expected to inject strong momentum into the upgrade of the financial industry and the development of the digital economy [1] Group 2 - The Pukou Economic Development Zone is experiencing a positive development trend characterized by the accelerated landing of quality projects, continuous speeding up of construction processes, efficient transformation of high-level R&D achievements, and enhanced corporate satisfaction [1] - The zone is closely following the "165" mechanism and is actively promoting the "Four Major Actions," which contribute to the increasing vitality and core competitiveness of industrial development [1]

Core Viewpoint - The article highlights various companies' initiatives and collaborations aimed at expanding their international presence and leveraging technology, particularly AI, to enhance their operations and market reach [5][6][8][10][12]. Group 1: Company Initiatives - The video blogger team "影视飓风" has entered the B2B overseas platform Alibaba International Station, utilizing AI Agents to expand into international markets, receiving cooperation intentions from over 30 countries [5]. - The company "智动力" has successfully entered and is servicing key markets in Vietnam and India, establishing strong partnerships and making overseas business a significant part of its operations [5]. - "出门问问" launched the world's first 4G AI recording headset, TicNote Pods, which operates independently of a smartphone and is designed for various dialogue scenarios [5]. Group 2: Collaborations and Partnerships - Temu signed a memorandum of understanding with Belgian postal operator bpost group to enhance cross-border e-commerce supply chain capabilities and logistics systems in Europe and North America [6]. - Riyadh Airlines and Huawei signed a cooperation memorandum to create a new generation of digital aviation ecosystem, focusing on enhancing digital capabilities for seamless travel experiences [8]. - "北斗智联" completed a strategic financing round to accelerate its overseas expansion and product development in AI and low-altitude economy sectors, with a focus on Europe, North America, and Southeast Asia [12]. Group 3: Market Expansion and Investments - "新凤鸣" plans to invest approximately $280 million in a 360,000-ton/year functional fiber project in Egypt, aiming to enhance local textile industry capabilities [10]. - "Airwallex" completed a $330 million Series G financing round, raising its valuation to $8 billion, which will support its expansion in the U.S. and other key markets [10]. - "快造科技" achieved a record-breaking crowdfunding amount for its 3D printer, indicating strong market interest and potential for significant revenue growth [10].

汽车与家电作为核心赛道的表现尤为亮眼。截至10月31日，全省汽车报废更新申请47.8万辆、置换更新 申请43.1万辆，相当于每天近3000人申请汽车更新；家电领域同样成果丰硕，家电以旧换新销售新家电 1015.4万台，相当于每天3.3万人申请家电换新；3C数码产品购新补贴销售589.4万件，电动自行车以旧 换新114.4万辆，家装厨卫"焕新"18.7万件。 以旧换新让百姓省钱省力实现品质升级。山东深耕消费品以旧换新"进社区、进乡村、进企业"活动超 100场，设政策解读专区、产品展示区、免费维修服务区，让居民在"家门口"就能享受一站式服务。 聊城刘垓子镇集市上，日立、海尔、上汽大众等品牌直接"进驻"大集，村民无需往返城市门店，就能完 成旧家电和汽车评估、新商品选购、补贴申领的全流程；"旧机上门回收+新机同步安装"的一体化服 务，解决了居民处理旧品的烦恼，让家庭消费升级更具性价比。 企业借助以旧换新政策正加速渠道升级。海汇电器将社区服务作为长期工程，计划拓展至更多乡村与企 事业单位；月星家居组建"品质焕新联盟"，联动一线品牌打造一站式方案。实体企业服务网络从城市商 圈延伸至乡镇门店，让优质产品服务触达更多群体。 ...

财政部党组书记、部长蓝佛安12月12日主持召开党组会议，传达学习中央经济工作会议精神，研究财政 部门贯彻落实工作。会议指出，按照中央经济工作会议部署安排，明年政策取向上，要坚持稳中求进、 提质增效，发挥存量政策和增量政策集成效应，加大逆周期和跨周期调节力度，提升宏观经济治理效 能。财政部门要准确把握明年经济工作的总体要求和政策取向，保持必要的财政赤字、债务总规模和支 出总量，提高政策精准性和有效性。用好用足各类政府债券资金，发行超长期特别国债，持续支持"两 重"建设、"两新"工作。 本周末影响市场的重要资讯有：三部门发文更大力度提振消费；摩尔线程回应拿75亿募投资金理财；万 科20亿债券展期三项议案，均未能获得通过；茅台经销渠道年内计划外配额停发，明年非标产品减量； 史上最大IPO来袭，马斯克或成首位万亿美元富翁；特朗普"点名"美联储新主席人选；芯原股份终止购 买芯来智融97%股权；知情人士回应豆包手机被曝被约谈消息不实；英伟达将于下周举办一场闭门峰 会，旨在破解AI时代日益严峻的电力短缺困局等。 【宏观及市场要闻】 三部门发文：更大力度提振消费 党中央、国务院高度重视提振消费，近日召开的中央经济工作会议明确 ...

Core Insights - The article emphasizes that going global has become a strategic choice for Chinese brands to achieve sustainable growth amid significant adjustments in the global economic landscape and industrial transformation [1] - Southeast Asia is highlighted as the preferred destination for Chinese brands due to its demographic advantages, rapid digital economy growth, cultural proximity, and friendly policies [1] - The report by PingPong indicates a transformation of Chinese brands in Southeast Asia from "outsiders" to core participants in the local consumption ecosystem, particularly in the restaurant and retail chain sectors [1] Industry Challenges - Key challenges for restaurant brands expanding overseas include unifying POS systems, integrating global supply chain data, and managing cross-border team collaboration [2] - The complexity of the Southeast Asian market, characterized by diverse cultures and high logistics costs, complicates digital infrastructure development [2] - Local payment infrastructure in Southeast Asia is relatively underdeveloped, with fragmented payment methods and insufficient electronic payment penetration, making it difficult to replicate domestic digital achievements [2] Solutions and Innovations - PingPong has introduced a global comprehensive management solution aimed at addressing the pain points faced by chain brands in their overseas expansion [2][3] - This solution offers standardized API interfaces for integrated front-end payment aggregation, mid-end cross-border fund management, and back-end supply chain payments, facilitating rapid cross-border fund collection and compliance with complex regulations [3] - The solution has already been implemented for several leading chain brands, enabling them to accelerate global store expansion and optimize supply chain management through a unified digital system [3]