以下文章来源于20社 ，作者罗立璇 贾阳 20社 . 关注年轻人的钱包、工作和生活。 来源丨20社（ID： quancaijing_20she ） 作者丨 罗立璇 贾阳 图源丨泡泡玛特官方微博 泡泡玛特正在向潮玩以外的多个行业伸出触角。除了已经在上海恒隆、北京国贸开设门店的独立珠宝 品牌POPOP以外，近日，泡泡玛特还被发现正在招聘和家电相关的行业专家。 此外，泡泡玛特也成立了电影工作室，注册了剧集版权，要开发自己的剧集和大电影。按照以往IP的 发展节奏，一般都是自己主控主业，产品则进行授权或者联名合作处理，为什么泡泡玛特都要自己做 呢？ 首饰其实是一个聪明的选择 首先，必须要说的是，我们认为选择珠宝首饰进行新的IP扩维尝试，是一个聪明的选择。 Labubu虽然很红，但真正让她破圈爆红的产品系列，其实是毛绒挂件。当各路明星把玩偶挂在身 上、尤其是奢侈品包袋上带出去"炫耀"时，风潮才有形成的可能。而首饰作为随身携带的穿搭亮点， 也是同理。 当然，具体产品应该怎么设计，从目前的呈现来看，大家的意见并不统一。 POPOP目前走的是时尚轻奢首饰风格，以S925银、贝珠、锆石等便宜的基础材料为主，定位于轻奢 品牌，价格 ...

Group 1: Gold Price Trends - Gold prices reached a historical high in Q2, with a more than 25% increase over the past six months, and spot gold was reported at $3342.80 per ounce as of July 4 [1] - Analysts predict that gold prices may face pressure in the second half of 2025 due to weakening demand and increasing supply, despite ongoing support from geopolitical risks, central bank purchases, and a weakening dollar [1][3] Group 2: Central Bank Gold Purchases - Central banks have been accumulating gold to hedge against inflation and diversify assets, with global central bank net gold purchases exceeding 1000 tons for the third consecutive year [2] - In the first four months of 2025, central banks net purchased 256 tons of gold, maintaining high demand levels [2] - China's gold reserves increased to approximately 2296.37 tons as of May 2025, marking a continuous increase for seven months [3] Group 3: Market Dynamics and Alternatives - The rising gold prices have led jewelers to diversify into platinum, which has seen a price increase of over 30% this year, reflecting strong demand in the jewelry market, particularly in China [4][5] - Analysts suggest that even a small shift in demand from gold jewelry to platinum could significantly increase the supply gap for platinum [6] Group 4: Investment Opportunities - The gold sector has shown strong performance, with COMEX gold futures up 26.89% year-to-date, and several Hong Kong gold and jewelry stocks have surged over 100% [7] - Investors are advised to consider a long-term holding strategy for gold, as it may provide good returns despite short-term volatility [8]

Forum Overview - The 11th Nishan World Civilization Forum will be held from July 9 to 10 in Qufu Nishan, focusing on the theme "Each Beauty is Beautiful, and Together They are Beautiful - The Relationship Between Civilizations and Global Modernization" [1][3] - The forum will feature 2 keynote speeches, 4 high-level dialogues, 8 group discussions, and 7 parallel forums [1][2] Participants and Structure - Over 560 participants are confirmed, including approximately 300 international guests from over 70 countries, including foreign dignitaries, diplomats, and renowned scholars [1][2] - The forum will include 38 academic activities, with 16 main forums and 22 parallel forums, featuring over 400 experts and scholars, including more than 220 international experts [4] Themes and Topics - The forum will cover six sub-topics, including the origins and future development of civilization, the global significance of Confucian culture, and the role of artificial intelligence in human civilization [1][2] - Specific parallel forums will address themes such as the dialogue between ancient civilizations, the pursuit of harmony in traditional Chinese medicine, and the cultural mission of overseas Chinese in the global modernization process [2] Academic Engagement - The forum aims to enhance academic interaction with over 230 scholars participating in discussions and presentations, having received over 150 papers from more than 30 countries [4] - Innovative formats for discussions will be introduced, including audience interaction during high-level interviews and a combination of hosts and multiple guests for high-level dialogues [4] Media and Cultural Promotion - The forum will invite domestic and international media, including mainstream foreign media, to report on the event and the achievements of cultural exchange [4] - A special exhibition titled "The Way of Greatness - A Special Exhibition of Confucian Culture" will be held in collaboration with the Palace Museum, showcasing artifacts that highlight the depth and influence of Confucian culture [4]

随着上半年创投市场关键数据陆续发布，行业人士对市场回暖的认知已从主观感受转向客观数据 支撑。 执中最新报告显示，上半年机构LP（出资人）出资规模同比激增50%，投融资规模降幅显著收窄，IPO退 出项目数量增幅超20%。多项核心指标集体反弹，标志着创投市场走向复苏周期。 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 政策"组合拳"持续发力成为市场修复的核心动能。从2024年新"国九条""创投十七条"到2025年初国办1号 文，再到5月七部门提出设立"国家创业投资引导基金"，一系列政策"组合拳"直指畅通"募投管退"全链条， 强化创业投资对科技创新的支持作用，政策红利正逐步转化为市场实效。 市场多维度积极信号印证回暖趋势。 首先，投资端活跃度显著提升，以DeepSeek、宇树科技为代表的AI 与人形机器人企业崛起，催生硬科技投资新风口，部分优质项目竞争加剧，机构尽调频次明显增加，市场 信心修复态势明确。其次，资金端呈现"长钱入市"特征：国家大基金三期斥资近2000亿元设立三只股权基 金，银行AIC基金集中备案出资，保险与社保基金等长期资 ...

小程程也是第一次听说这位专家的大名，于是查了一下： ...... ...

Core Insights - The recent concert events in Beijing have significantly boosted the local economy, particularly in the hospitality and entertainment sectors, with a notable increase in night-time consumption and hotel bookings [1][3][4] Group 1: Concert Impact on Local Economy - The summer concert season in Beijing has attracted large crowds, with over 100,000 attendees on June 28 alone across six venues, indicating a strong demand for live music events [1] - Concerts have become a major draw for fans from various regions, with 66% of attendees traveling from other cities for a single event, thus enhancing the local tourism and hospitality market [3] - The presence of concerts has led to a surge in hotel bookings, with prices increasing by 1 to 2 times on concert days, reflecting the high demand for accommodation near venues [3][4] Group 2: Hospitality Sector Response - Hotels near concert venues have introduced special packages and discounts for concert-goers, recognizing them as a new and lucrative customer segment, primarily aged between 27 and 35 [4] - The hospitality industry is actively seeking to maximize secondary spending from concert attendees, offering dining discounts and transportation services to enhance their experience [4] - The concert audience is now viewed as a "golden customer group" by hotels, prompting them to compete for this demographic and explore additional revenue opportunities [4] Group 3: Broader Commercial Activity - Concerts have revitalized surrounding commercial areas, with increased foot traffic in shopping centers and restaurants, as businesses cater to the influx of concert-goers [6] - Local businesses are engaging with fans by creating a lively atmosphere, playing music from the performing artists and providing interactive experiences [6] - The integration of concerts with cultural landmarks has led to innovative tourism initiatives, such as themed buses for fans to explore the city, further enhancing the economic impact of the events [8] Group 4: Economic Multiplier Effect - Each concert ticket is estimated to generate 4.5 to 5 times its face value in surrounding economic activity, highlighting the extensive impact of live events on various sectors including transportation, dining, and retail [8] - The cultural consumption habits are evolving, with concert attendance becoming a catalyst for broader economic engagement in the city, sustaining activity long after the events conclude [8]

Group 1 - The article discusses how AI is transforming learning methods, emphasizing that traditional learning approaches are being redefined in the AI era [6][48]. - It highlights the practical applications of AI in learning, such as real-time problem-solving and efficient information filtering [8][17]. - The article presents five effective learning methods utilizing AI, including hands-on learning, AI filtering, AI integration, AI translation, and AI digestion of complex content [7][40]. Group 2 - The first method, "learning by doing," is noted for its popularity but is criticized for its inefficiency without proper guidance [9][14]. - AI's ability to filter out low-quality information is crucial in an era of information overload, allowing users to access high-quality content more effectively [17][21]. - The integration of AI tools, such as ChatGPT O3 and Dia browser, enhances the learning experience by providing detailed answers and summarizing content from multiple sources [15][16]. Group 3 - AI's role in language translation is emphasized, enabling users to overcome language barriers and access foreign academic papers and technical documents [36][38]. - The article suggests that the importance of note-taking has increased, as AI can help connect insights from personal notes, potentially leading to the creation of high-quality content [32][33]. - The conclusion stresses that AI not only changes how knowledge is acquired but also empowers individuals to become knowledge creators rather than mere consumers [49][50].

Group 1 - Saudi Aramco plans to sell four to five gas power plants as part of a strategy to unlock funding potential, which could generate several billion dollars [1] - The sale of these gas power plants, which supply power to refineries, could raise approximately $4 billion [1] - The Saudi government is urging Aramco to enhance profitability to increase national fiscal revenue [1] Group 2 - Aramco is the world's most profitable company and a major source of Saudi fiscal revenue, prompting ongoing asset sales, efficiency improvements, and cost-cutting measures [1] - The company is expected to cut nearly one-third of its dividend payments this year due to revenue impacts from falling oil prices [1] - Saudi Arabia's budget for 2024 is projected to have a deficit exceeding $30 billion, despite significant oil revenue contributions [5] Group 3 - Aramco owns or partially owns 18 power plants and related infrastructure in Saudi Arabia, providing energy for its gas and refinery operations [2] - New power plants are set to come online, including the Tanajib gas power plant project expected to start operations this year [2] - The asset sale coincides with Crown Prince Mohammed bin Salman’s push for economic diversification amid ongoing pressure from declining oil prices [5] Group 4 - Potential buyers for the assets may include local companies such as Saudi utility firms [1] - In May, Aramco issued $5 billion in bonds and signaled further financing plans [5] - The company is also exploring funding options through investor participation in infrastructure projects [5]

然而20年过去，考场江湖已换颜色。2003年高考报名人数约为613万，实际录取人数为382万人，录 取率约为62.3%；2025年全国高考报名人数约为1335万人，整体录取率预计为79.65%左右。20年前本科 院校数量远少于今日，根据教育部数据，2003年全国具有普通高等学历教育招生资格的高校共1451所， 其中本科院校639所；而2025年普通高等学校达到2919所，其中本科学校1365所，数量明显增加。高考 考试形制也由当年的"3+X"演进为如今新高考的"3+1+2"等，选考更灵活、评价更综合。20年前大学文 凭较为稀缺，随着高等教育的普及，文凭的"含金量"呈现分化，学历已非唯一竞争力标志。 当然，也有人选择了"把青春装进档案袋封存，然后轻装走向新山海"，体现了自我和解的智慧。选 择打印的人，可能是想为人生留下一份珍贵的档案，或是致敬自己的那段拼搏岁月。选择不打印的人， 更愿意将高考视为已经翻过的一页，专注于当下和未来。无论哪种选择都值得尊重。重要的是，这项服 务让每个人都有了选择的权利，这本身就是社会进步的体现。如果高考于你是勋章，就珍藏；若是旧 伤，就让它留在云端。重要的不是分数单，而是此刻你对过去 ...

Group 1 - The A-share market has shown strong fluctuations and rebounds this year, leading to increased confidence among private equity institutions [1] - In the first half of the year, the number of registered private equity securities products reached 5,461, a 53.61% increase compared to the same period last year [1] - Stock strategies remain the dominant strategy for registered products, accounting for 63.32% with 3,458 products [1] Group 2 - Multi-asset strategies and futures and derivatives strategies are the second and third most favored strategies, with 802 and 633 registered products, representing 14.69% and 11.59% respectively [1] - Quantitative private equity products have seen significant growth, with 2,448 products registered, making up 44.83% of the total, a 67.10% increase year-on-year [2] - Among quantitative products, stock strategies dominate with 1,715 products, accounting for 70.06% of the total quantitative products [2] Group 3 - The performance of private equity securities products, especially quantitative strategies, has attracted significant capital allocation due to their outstanding excess return capabilities [3] - The demand for diversified asset allocation has increased significantly in a low-interest-rate environment, reflected in the growing number of multi-asset and futures strategies [3] - The current market conditions suggest that the opportunity cost of equity investment is very low, making the Hong Kong and A-share markets attractive after sufficient adjustments [3]