Core Viewpoint - The recent news highlights the status of automotive reviewer Chen Zhen's social media accounts, indicating that while some accounts appear to have been unbanned, official verification states that his Weibo account remains under a ban due to legal violations related to tax issues [1][2][18]. Group 1: Account Status - Chen Zhen's accounts on platforms like Xiaohongshu, Bilibili, and Weibo were reported to be unbanned, allowing normal interactions [1][2]. - However, a verification from Weibo indicated that his Weibo account is still under a ban and has not been unbanned [1][2]. Group 2: Background on Legal Issues - On December 5, it was reported that Chen Zhen's accounts across multiple platforms were banned due to violations of laws and regulations, including tax evasion [3][18]. - The tax authorities found that Chen Zhen had underpaid personal income tax by 1.1867 million yuan, leading to a total penalty of 2.4748 million yuan, which has since been collected [18][38]. Group 3: Public Reaction and Controversy - Chen Zhen faced backlash for his comments regarding a donation by Xiaomi, which many perceived as opportunistic, leading to significant controversy [19][39]. - Following the backlash, Chen Zhen expressed a desire to reflect on his actions and promised to provide more positive content in the future [11][31].

作者：许欣南 前段时间，社交平台上一个关于"十年履约"的帖子爆火了。发帖人分享了自己十年前网购的BJD娃娃眼珠，在早已默认卖家跑路后，竟意外收到了发货通 知。 "我完全忘了还订过这个。"收到短信的买家发帖说。2015年12月11日下单的那对BJD专用树脂眼珠，在漫长的等待后已被时间抹去痕迹。直到卖家发来核 对地址的信息，她才想起自己曾买过BJD娃娃的眼珠，当时都以为商家跑路了不管这事儿了。 （图/小红书@辣酱…） 许多围观网友的疑惑：BJD是什么？为什么一对娃娃眼珠能让人等上十年？BJD全称是Ball-jointed Doll（球型关节人偶），是一种高度可定制、被视为艺 术收藏品的人偶。而为它定制的"眼珠"，远非普通玩具配件，而是决定这个人偶的"灵魂"的关键。 这位坚持了十年的卖家解释，因为纯手工制作，产能极低，前几年年均仅能完成30-40对，直到2025年产能提升后，才一次性处理了积压的100多对订单。 这场被网友戏称为"电子时代的海誓山盟"的交易，在物流以小时计、信息以秒传达的今天，显得如此突兀而又珍贵。 全网围观"十年之约"荒诞背后是双向信任 "十年了竟然没跑路和十年了才发货，一时间不知道是负责还是不负 ...

更为深远的影响在于，欧盟的声誉正遭受不可逆的重创。长期以来，欧盟以"法治、公正、守信"的形象自居，吸引着全球资本参与其经济循环。但此次企图 没收俄资产的行为，让国际社会看清其规则外衣下的双重标准——所谓的"法治"只适用于符合其利益的场景，一旦触及地缘政治诉求，规则便可以被随意践 踏。俄罗斯圣彼得堡国立大学教授就指出，这一举措将对欧盟的财政和信用评级造成沉重冲击。对于广大发展中国家而言，欧盟的做法彻底打破了其对西方 市场经济体系的信任幻想，更多国家可能会加速推动国际经贸多元化，减少对欧盟市场和金融体系的依赖。 值得注意的是，欧盟的冒险之举还将加剧地缘冲突的升级。俄方已明确发出反制警告，俄罗斯央行已对欧洲清算银行提起诉讼，俄国家杜马更是直言此举 将"启动欧盟自杀程序"，俄方将采取大量反制措施。同时，斯洛伐克总理也警告，动用冻结资产可能直接危及俄乌和平谈判的努力。在欧盟自身对乌融资已 显现乏力迹象的背景下，企图通过没收资产"输血"乌克兰，不仅难以解决根本问题，反而会让国际格局更加分裂，经贸合作的信任土壤更加贫瘠。 当地时间12月19日，俄罗斯总统普京在年度记者会上的表态掷地有声，将欧盟企图没收俄罗斯资产的行为直斥为 ...

当前国际局势错综复杂，西方国家长期自诩的"契约精神"正遭遇前所未有的严峻考验。俄乌冲突全面升级后，昔日高举"中立"旗帜的国家纷纷撕下伪装，暴 露其伪善本质。芬兰、瑞士、瑞典等国的立场转变尤为典型，彻底颠覆了外界对其中立传统的认知，也让"中立"沦为地缘政治博弈的华丽幌子。 更值得警惕的是，欧盟推出的俄罗斯资产"无限期冻结"政策，已明确触碰国际法底线。这种行为不仅严重扰乱国际资本市场稳定，更将西方国家标榜的"契 约精神"推向崩溃边缘。当前频繁波动的金融环境，让全球投资者如履薄冰，每一项投资决策都需反复权衡，生怕遭遇潜在的法律风险与政策突变。 这一系列现象背后，潜藏着令人担忧的国际趋势。西方国家越是试图通过劫掠俄罗斯资产回应冲突，就越凸显其在全球化进程中的脆弱性。"中立"已不再是 芬兰、瑞典的代名词，反而成为它们参与地缘政治博弈的工具，瑞典加入北约后向美军开放军事基地、向乌克兰运送超10亿美元武器装备的举动，更印证了 这一点。 解读这一现象，绕不开西方国家对自由经济的标榜，以及欧盟在其中扮演的主导角色。俄乌冲突成为部分国家掠夺资产的"借口"，原本对俄态度温和的欧洲 国家纷纷加入制裁行列，其中欧洲清算银行的动作尤为引 ...

每经编辑｜陈柯名 11月29日，湖南宾馆。当省委全会在会议中心三楼召开，两对新人也在二楼芙蓉厅举办婚礼，这场时空的意外交汇成为党委、企业与群众良性互动的生动 场景。然而，随着"湖南省委全会为两场婚宴腾会场"的报道与传播，事件却被带入了一个偏离本来轨道的陈旧叙事框架。 如果审视来龙去脉，就不难发现：需要"腾挪"的并非会场，而恐怕是某些根深蒂固的落伍观念。 事实是很清晰的。两位新人婚宴的日期与芙蓉厅的场地在半年前就已落定，他们选择的是一个寓意美好的周末，因为这天是农历十月初十，寓意"十全十 美"。省委全会召开的时间则是后来确定的。 湖南宾馆是湖南历史最早的政务接待宾馆之一，长期承担省里的重要接待任务，近些年来也在探索市场化路径。显然，承接社会婚宴是市场行为。既然市 场化，当政务会议与市场预定冲突，理应依据合同约定和商业惯例来处理。何况会议中心三楼大会厅刚好可以容纳会议人数。 湖南省委充分尊重市场规则，也充分尊重企业的诉求和新婚夫妇的意愿，因此在接到宾馆反映后同意更换场地。于是，前一天，芙蓉厅还是省委全会第一 次全体会议的会场，第二天一分为二，变成两对新人的婚礼现场。这一决策平静而务实。省委没有强调自身的"重要性" ...

Core Viewpoint - The article discusses the expansion of public REITs (Real Estate Investment Trusts) in China to include commercial real estate, highlighting the potential for market transformation and innovation in financing structures [2][6]. Summary by Sections Introduction to REITs in China - The China Securities Regulatory Commission (CSRC) is soliciting public opinions on the inclusion of commercial real estate in the public REITs pilot program, which has been in place for over five years [2]. - As of now, there are 77 listed REITs in China, raising a total of 207 billion yuan, with a market capitalization of 220.1 billion yuan, primarily focused on infrastructure sectors like toll roads and logistics [2]. Importance of REITs - REITs serve as an equity financing tool that innovates the balance sheets of market entities, allowing for a more refined division of property rights [3]. - In developed markets, commercial real estate ownership is often structured as REITs, benefiting various stakeholders by providing access to quality real estate returns and facilitating asset-light operations for real estate entities [4]. Misconceptions about REITs - A common misconception is viewing REITs merely as a financing tool; instead, they should be understood as products of market-oriented division of labor, emphasizing transparency and contractual governance [4][5]. - The essence of REITs lies in contract governance, which requires high levels of information transparency, distinguishing them from traditional corporate governance models [4]. Market Dynamics and REITs - The REITs model represents a revolutionary shift in business practices, focusing on maximizing the value and efficiency of underlying assets rather than merely serving as a means of capitalizing on over-leveraged companies [5]. - The competitive landscape under the REITs model favors a strategy of leveraging strengths rather than compensating for weaknesses, promoting a more efficient allocation of resources [5]. Future of Commercial Real Estate in China - The expansion of REITs to commercial real estate should not be seen solely as a means to broaden financing channels but as a catalyst for market-oriented reforms in the sector [6]. - The REITs framework aims to enhance the governance of commercial real estate through market contracts, striving for optimal cash flow discounting and transparency [6].

发达市场的商业不动产所有权多以REITs形式存在，缘于其带有多赢格局，可满足不同市场主体的诉 求：对普通投资者来说，可以分享优质商业不动产的收益；对商业不动产等运作主体来说，可有助加速 它们轻资产化运作，降低市场门槛；对投资机构来说，REITs属于风险概率分布结构清晰的投资品种。 要真正推动REITs健康发展，最需走出的误区，是将其理解为一个简单的融资工具和渠道，继续用融资 市杨逻辑来发展REITs。我们应将其看作一个高度依赖市场化分工的产物，信托是基础，契约精神是核 心，因此REITs对信息透明、流程透明的要求，要高于上市公司股票。 REITs是商业模式的一次革命性跃迁，它打破委托代理的内部信息链条，转向如何最大化底层资产价值 和效率。 11月28日证监会开始对《关于推出商业不动产投资信托基金试点的公告（征求意见稿）》公开征求意见 一个月，拟将商业不动产纳入公募REITs试点范围。 自2020年4月，证监会会同国家发改委联合发布《关于推进基础设施领域不动产投资信托基金 （REITs）试点相关工作的通知》至今，公募REITs正式试点已有五年半，目前上市的77只REITs融资金 额为2070亿元，总市值2201 ...

Core Viewpoint - The European Union's proposal to use €185 billion of frozen Russian assets for Ukraine's reconstruction faces strong opposition from Belgium, highlighting complex legal, financial, and peace-related issues that complicate the plan's feasibility [1][3][4]. Group 1: Proposal Details - The EU aims to convert frozen Russian assets into loans for Ukraine's reconstruction, with the expectation that Ukraine will repay when able [3][4]. - Belgium's Prime Minister, Bart De Wever, argues that the plan is fundamentally flawed and poses significant financial and legal risks [4][6]. Group 2: Legal and Financial Concerns - Belgium emphasizes that there is no historical precedent for reallocating frozen sovereign assets during wartime, which raises legal concerns about potential illegal expropriation [6][10]. - The risk of Ukraine being unable to repay the loans places the financial burden on Belgium, as the asset custodian, which is unacceptable to the Belgian government [4][6]. Group 3: Impact on Peace Negotiations - De Wever warns that using Russian assets for Ukraine could undermine negotiations with Russia, potentially escalating tensions and making ceasefire more difficult [8][10]. - The EU's approach risks damaging the trust necessary for international financial agreements, which could have long-term implications for the European financial system [11][13]. Group 4: Broader Implications for EU Decision-Making - Belgium's strong opposition may hinder the EU's negotiations in December, as other member states may share similar concerns about the risks involved [7][11]. - The need for 100% guarantees from participating countries, as proposed by De Wever, reflects the cautious stance many nations are taking regarding the plan [11][13].

Core Viewpoint - The recent investigation by Jiangsu Consumer Protection Committee highlights significant issues in the airline seat-locking service market, including excessive locking of quality seats, opaque unlocking mechanisms, lack of transparency, and unfair contractual terms [1][2][3] Group 1: Issues Identified - The investigation identified four main problems: widespread seat locking, disguised fees for unlocking, lack of transparency, and unfair contract terms [1] - The average seat locking rate during ticket purchase is 38.7%, with some airlines reaching as high as 62.1%, leading to increased costs for passengers [1][2] Group 2: Reasonable Locking Practices - Reasonable seat locking can create a win-win situation for airlines and passengers, such as charging extra for more spacious areas on long-haul flights [2] - Airlines can enhance service differentiation and maintain member loyalty through reserved quality seats, while also generating additional revenue from low-cost carriers [1][2] Group 3: Consumer Experience and Transparency - Excessive seat locking negatively impacts passenger experience, potentially lowering repurchase rates and harming the airline's reputation [2][3] - Airlines must ensure clear and transparent communication regarding seat distribution, locking rules, and fee structures to avoid disputes and enhance consumer trust [3] Group 4: Market Behavior and Consumer Rights - While airlines have the freedom to choose their pricing strategies, they must adhere to principles of transparency and fairness, ensuring that any fees do not infringe on consumer rights [3] - The balance between free and paid seating should prioritize providing basic comfort to all passengers, rather than converting essential seat selection into a paid service [3]

Core Viewpoint - The ongoing conflict between "wool party" fraudsters and e-commerce merchants is damaging the integrity of the e-commerce ecosystem, leading to increased costs and a decline in consumer trust [1][2][3] Group 1: Impact on Consumers - Honest consumers are directly affected by the actions of fraudsters, facing unpleasant shopping experiences due to excessive return tags and hidden costs, which ultimately raise prices [1] - The rise in trust costs is evident as consumers encounter barriers that diminish their shopping satisfaction [1] Group 2: Merchant Challenges - Merchants are caught in a dilemma, losing approximately 5% of their sales to malicious refunds while being cautious not to implement overly strict return policies that could deter genuine customers [1] - The increasing operational costs due to fraud and the need to maintain customer experience are significant challenges for merchants [1][2] Group 3: E-commerce Trust System - The trust system in e-commerce is eroding as the tactics of fraudsters and defensive measures by merchants escalate, leading to higher transaction and platform governance costs [2] - Industry statistics indicate that e-commerce platforms spend over 10 billion annually on dispute resolution, highlighting the resource wastage and potential threat to the digital economy [2] Group 4: Solutions and Recommendations - To break the deadlock, a more robust credit system and a renewed sense of contract spirit in the digital age are necessary, emphasizing the real-world value of virtual transactions [2] - E-commerce platforms should collaborate with AI companies to develop detection tools for identifying fake images, such as embedding invisible digital watermarks [2][3] - Implementing a two-way evaluation mechanism for users with multiple malicious refunds can enhance credit records, as demonstrated by a platform's "Integrity Purchase" plan that simplifies return processes for honest buyers [3] - Differentiated return policies based on product characteristics should be established to protect consumer rights while preventing rule abuse [3] - Legal responsibilities for using AI to forge evidence should be clarified to increase penalties and deter illegal activities [3]