Market Review - The main contract for stainless steel closed at 12,635 CNY/ton, with a daily increase of 0.76% (+95 CNY), and a single position of 224,900 lots, which is a decrease of 48,262 lots compared to the previous trading day [1] Fundamental Summary - A stainless steel plant in East China has entered a regular maintenance period until June 30, which is expected to impact the production of 300 series stainless steel by nearly 10,000 tons [2] - As of June 27, the benchmark price for stainless steel plates was 11,764.29 CNY/ton, reflecting a decrease of 3.63% compared to the beginning of the month (12,207.14 CNY/ton). On June 26, the Shanghai Futures Exchange had 112,446 tons of stainless steel warehouse receipts, a decrease of 421 tons from the previous trading day [3] Institutional Perspectives - According to Ruida Futures, the implementation of Indonesia's PNBP policy has increased the cost of nickel resource supply. The Philippines plans to implement a nickel ore export ban starting June 2025, which will exacerbate raw material disruptions. The production capacity of Indonesian nickel iron is increasing, leading to a significant rebound in output, while nickel iron prices have recently dropped, reducing support for raw material costs. Steel mills are maintaining normal production but are reducing the output of the severely loss-making 300 series stainless steel due to cost pressures, although total output remains at historically high levels, indicating ongoing supply pressure. Demand is entering a traditional off-season, with increased macro market uncertainty and export demand pressure, while downstream performance remains cautious. Domestic inventory reduction is not performing well. On the technical side, the reduction in positions has weakened short positions, breaking through the MA10 pressure. The recommendation is to observe for the time being [4] - New Lake Futures reported that a market rumor indicated Qingshan plans to reduce production by about 150,000 tons in July, primarily affecting the 300 series. This news has significantly boosted market sentiment, leading to a strong rebound in stainless steel prices. However, due to overall weak consumption of stainless steel, the rebound is expected to be limited [4]

在家居五金行业深耕三十余年的拓臣科技，始终秉持着"科技赋能传统产业"的理念，将"科技"二字融入企 业基因。拓臣科技虽然身处传统行业，但致力于用科技的力量重构产业逻辑。在这种理念驱动下，拓臣科 技不仅推出了声控、电动、AI联网等智能化五金产品，更通过SAP系统的深度应用，实现了从制造到服务 的全链条升级。 智能窗帘在清晨自动开启，嵌入式电动衣柜通过触控指令打开，阻尼铰链使柜门停留在预设的角度——这 些藏在家居深处的五金件，正用无声的科技重构着生活体验。它们曾被视为"配角"，如今已成为家居智能 化的核心载体。 随着全球消费者对家居舒适度和智能化的需求激增，广东拓臣科技发展有限公司(以下简称"拓臣科技")敏 锐捕捉到五金件从"能用"到"好用"再到"智用"的升级趋势。"我们做的是以科技赋能传统五金的生意。"拓 臣科技总经理郑壁奎先生常这样阐释企业定位。当电动升降衣杆能够智能感知使用者身高、当智能锁具自 动识别家庭成员，这些看似微小的细节，正是科技赋能传统五金产业的真实写照。拓臣科技将科技基因深 度融入产品设计，以用户体验为核心驱动创新，不断刷新传统认知。正是这种数智化理念，促使拓臣科技 牵手SAP，共同打造全球一体化 ...

Group 1 - The World Economic Forum's 16th Annual Meeting of New Champions, also known as the "Summer Davos Forum," was held in Tianjin from June 24 to 26, focusing on "Entrepreneurship in the New Era" and exploring future growth and cooperation in the global economy [1] - Liu Miao, Chairman of Luzhou Laojiao Group, emphasized that technology serves to activate traditional industries rather than disrupt them, sharing the company's innovative practices in the traditional liquor sector [1] - Luzhou Laojiao has established itself as the first excellent intelligent factory in the liquor industry, providing replicable solutions that address its own challenges [1] Group 2 - The "Luzhou Laojiao experience" leverages artificial intelligence as a core driver to empower traditional industries, focusing on digital twin management, intelligent production, and AI-driven marketing innovations [2] - The company combines its century-old craftsmanship with digital capabilities, offering a "Chinese solution" for the transformation of traditional industries [2] - Luzhou Laojiao has expanded its global presence, establishing a distribution network in over 70 countries and regions, and engaging in cultural exchange activities to communicate with global consumers [2]

Core Insights - The traditional restaurant brand, Fangzhuanchang 69, is innovating to adapt to evolving consumer demands, exemplified by the launch of its unique ice cream product that creatively incorporates elements of the classic Beijing Zhajiangmian [2][3] Group 1: Product Innovation - The ice cream product features a creative reinterpretation of Zhajiangmian, using Hokkaido milk for "noodles," chocolate sauce for "sauce," and other ingredients to mimic traditional toppings, providing a novel tasting experience [3][4] - The launch aligns with the brand's strategy to appeal to younger consumers, aiming to reshape perceptions of the brand as "traditional" and "outdated" [3][4] Group 2: Market Response - The ice cream has generated significant buzz on social media platforms, leading to a surge in both online and offline sales, with over 10 million views in its first week and a 20% increase in overall store sales [3][4] - The product has become a signature item that attracts customers, with some stores reporting daily sales of up to 2,000 units and revenue exceeding 20,000 yuan [3][4] Group 3: Operational Enhancements - The brand has optimized its service processes, including dual ordering channels and quick pickup options, to enhance customer experience [5][6] - Staff training has been tailored to ensure employees are knowledgeable about both traditional and new product offerings, improving service quality [6] Group 4: Future Strategies - The company plans to explore diverse service offerings and product lines, including cultural merchandise and immersive experiences related to the traditional craft of making Zhajiangmian [6]

杨文圣在多年的心理咨询实践中发现西方心理学理论在中国存在"水土不服"问题，于是结合中国文化构建了更适 合中国社会的心理咨询理论。 心理咨询中的"水土不服" 中国心理咨询中的"水土不服"问题，加州大学伯克利分校心理咨询中心主任杰弗里·普林斯也发现了。2017年，他 在为杨文圣的《两仪心理疗法》一书写序言时说，中国经历着剧烈、快速的经济增长和社会变革，但是心理咨询 行业的发展并没有跟上这些趋势，能帮助心理咨询师提高技能的培训机会不多，"许多中国心理咨询师发现，西方 的模式不足以与中国当事人建立有效的咨询关系或治疗关系"。 曾经，年轻的杨文圣也很希望得到专业帮助，却找不到合适的求助对象。硕士毕业后，他到上海交通大学心理中 心工作，"那时候的心理学教授，包括知名的教授，做科研与教学多，接触个案少。各大学心理咨询中心的人，精 力也主要花在讲课讲座、学生心理健康教育活动上，对个案的思考很少。这一点与西方心理学家非常不同，弗洛 伊德、荣格、阿德勒、罗杰斯、罗洛·梅都是接触大量个案，基于个案提出他们的理论"。 他只好自己不断总结经验，咨询成功后，复盘用对了什么方法；个案失败，就不断琢磨"死在哪里"。积累多了以 后杨文圣发现， ...

国联民生证券主要观点如下： 轻工：表现强于大盘，估值近十年73%分位数 智通财经APP获悉，国联民生证券发布研报称，2025H1轻工板块内部分化明显，谷子经济、个护等新 消费板块产业趋势明确，股价表现亮眼，家居、造纸等传统行业相对承压。展望下半年，短期警惕部分 过热赛道回调风险，关注基本面扎实的细分龙头，同时重视传统消费龙头估值修复的防御价值。家居看 好以旧换新带动集中度提升;出口链看好短期业绩修复和长期差异化布局;造纸建议关注太阳纸业;包装建 议关注金属包装龙头和裕同科技;新消费建议聚焦高景气赛道，同时关注优秀传统公司寻求转型开拓新 曲线的机会。 造纸：关注成本优势明显的龙头企业 整体来看，行业目前依然处于产能扩张周期，2024年全年中国造纸及纸制品业固定资产投资完成额累计 同比增长了18.5%,各细分品类均有较多的产能投放。1)浆纸系：浆价触顶回落，成本拐点或显现。文化 纸供需较为平稳，晨鸣复工节奏为扰动项。2)箱板瓦楞纸：国内新增产能&进口纸供给压力缓解，期待 下游需求提振。 包装：需求较为平稳，关注格局优化 截至2025年5月30日，轻工制造板块年初至今下跌0.89%，在31个申万一级行业中排名第14 ...

Core Viewpoint - The article highlights the heroic act of Shakhnaz, a Russian student at Huzhou Normal University, who saved an elderly person from drowning in Shaoxing, showcasing her bravery and commitment to helping others [1][3]. Group 1: Background of Shakhnaz - Shakhnaz came to China in 2016 with a passion for Chinese language education and has excelled academically, passing the HSK Level 4 exam [3]. - She has developed a deep interest in traditional Chinese culture, particularly martial arts, and has actively participated in the university's martial arts team [3][4]. Group 2: Achievements in Martial Arts - Shakhnaz has won multiple awards in martial arts competitions, including second place in the college women's dragon dance and creative dragon dance categories at the Zhejiang Province Dragon and Lion Championship in 2024 [4]. - She has also been a core member of the international student lion dance team, performing at various cultural events [4]. Group 3: Community Engagement - Known affectionately as "Si Mao," Shakhnaz is well-liked among her peers for her friendly demeanor and willingness to help, often participating in lion dance performances for weddings and other celebrations [4]. - She takes on responsibilities within the martial arts team, assisting with equipment repairs and supporting teammates in need [4]. Group 4: Future Aspirations - Having recently completed her undergraduate studies in Chinese language education, Shakhnaz plans to pursue a master's degree in sports at the same university, aiming to deepen her expertise in Chinese martial arts [6]. - She expresses a desire to serve as a cultural bridge between China and her home country, promoting cultural exchange through her knowledge and experiences [6].

Core Points - The Sixteenth Summer Davos Forum Cultural Night was held on June 25 at the National Exhibition and Convention Center in Tianjin, showcasing a blend of Chinese and Western cultural performances [2][5][12] - Attendees enjoyed local Tianjin cuisine and experienced traditional Chinese cultural elements during the event [2][14] Group 1 - The event featured immersive creative performances, including excerpts from the classic Chinese opera "The West Chamber" [5] - Guests interacted with various cultural exhibits, such as learning about Chinese winemaking techniques and participating in traditional crafts like Yangliuqing New Year paintings [9][13] - The cultural night included a variety of entertainment options, enhancing the overall experience for attendees [7][11]

Core Viewpoint - The stability of stablecoins is being questioned by major financial institutions, including the Bank for International Settlements (BIS) and the European Central Bank, due to concerns over their ability to serve as a pillar of the monetary system and their potential use in financial crimes [1][3][6]. Regulatory Concerns - BIS highlights that stablecoins have not met the necessary criteria of singularity, elasticity, and integrity to be considered a foundational element of the monetary system [3][4]. - The anonymity of stablecoins raises concerns about their use in money laundering and terrorist financing, as they lack the "Know Your Customer" (KYC) standards present in traditional finance [4][5]. - The Hong Kong Monetary Authority (HKMA) emphasizes the need for cautious regulation and has expressed a desire to temper public enthusiasm for stablecoins [6][8]. Market Reaction - Following regulatory warnings, stablecoin-related stocks have experienced significant declines, with Circle's stock price dropping from a peak of $299 to $199, reflecting a loss of over 10% in a single day [1][10]. - The market has shifted from a state of exuberance to one of caution, with investors becoming anxious and hesitant to engage [10][11]. Future Outlook - The future role of stablecoins remains uncertain, with potential implications for central bank digital currencies (CBDCs) and traditional financial systems [11][12]. - Analysts suggest that the rapid growth of stablecoins may lead to a reconsideration of the necessity for CBDCs in some countries, as stablecoins closely resemble them but are privately issued [11]. - The relationship between stablecoins and traditional financial markets is evolving, with increased risk correlation noted, particularly as traditional financial institutions begin to allocate investments in stablecoins [11][12].

北京商报讯（记者 李海媛）在国家会议中心二期现场，有一个区域吸引了与会嘉宾的目光，这里不仅摆放了非遗胸针、景泰蓝饰品、文房用品等手工艺 品，还有现场演绎茶道、手工搓丸。6月24日—26日，亚洲基础设施投资银行（以下简称"亚投行"）第十届理事会年会在北京召开。在年会现场，不仅有 以"北京会客厅"为设计理念的北京展台，还有12家具有代表性的非遗与老字号企业及北京礼物，形成"非遗技艺+老字号品牌+文创IP"的多元参展矩阵，向外 宾讲述北京故事、中国故事，传递中华传统文化。更有外国与会嘉宾直言，这是体现中国手工艺品变革的好机会。 亚投行第十届理事会年会期间，共有17场公共研讨会向公众开放，而在与会嘉宾不断穿行的会场二楼，有一个区域让不少中外嘉宾驻足。 首先映入眼帘的是以"北京会客厅"为设计理念的北京展台。据悉，该展台运用新中式设计风格，以迎客松、中轴线为主要造景元素，敞开的红色大门取"门 迎八方"之意，寓意北京以创新、包容、厚德的城市精神，欢迎四海宾客。"外方内圆"的接待台，融合东方哲学智慧。 北京展台工作人员马巧薇向北京商报记者介绍称，与会嘉宾可以在这里取阅《北京新发现》《240小时过境免签政策》《你好北京》等北京 ...