技术引进与创新应用方面，德邦基金紧跟时代步伐，积极拥抱开源技术，深度结合RPA（机器人流程自 动化）、LLM（大型语言模型）、数字人等前沿科技，为公司的基金投研、销售、运营等各业务条线 注入了源源不断的新动力，加速了业务发展和创新的步伐，助力公司高质量发展迈向新征程。 二、业务赋能：加强科技驱动创新，多环节升级蝶变 投研数智化，AI引擎驱动智能投研新突破。德邦基金自主研发的"海纳百川大模型聚合平台"强化了公司 投研体系的数字化自主可控能力，成为 AI 赋能投研业务的坚实底座。借助平台能力，投研人员能够快 速从海量市场信息中挖掘到行业趋势分析判断的线索，高效的完成投资标的价值评估的过程。 数字经济浪潮席卷全球的背景下，金融行业正经历着一场深刻而广泛的变革。作为连接资本市场与投资 者的重要桥梁，公募基金行业正以数字化为引擎，全力推动业务模式、服务方式以及风控体系的全面升 级。德邦基金紧跟时代潮流，积极响应中央做好金融"五篇大文章"的战略部署，持续深耕以"投研数智 化、营销精细化、运营自动化、风控全面化"为核心的3+1数字化转型战略，致力于通过科技创新的力 量，全方位提升客户服务体验，筑牢金融安全防线。 营销精细化 ...

Core Insights - The People's Bank of China Shandong Branch is focusing on the application of digital technology in rural finance to stimulate new development vitality in agriculture and rural areas through effective supply of digital finance [1] Group 1: Strategic Planning for Rural Digital Inclusive Finance - The initiative aims to enhance the supply of rural digital inclusive finance by utilizing digital technologies such as blockchain and artificial intelligence to optimize credit decision-making processes [2] - Financial resources are being directed towards key areas such as rural digital industries, governance, culture, and smart beautiful villages to improve the sustainability of rural digital finance [2] Group 2: Empowering Rural Financial Services with Digital Technology - The implementation of financial technology in rural revitalization is being promoted, with financial institutions encouraged to customize financing solutions based on agricultural production cycles and characteristics [3] - New financial products and service models, such as "Xingniu Cloud Loan" and "New Agricultural Data Loan," are emerging to support agricultural efficiency and farmers' income [3] Group 3: Enhancing Operational Efficiency and Service Quality - The construction of information service platforms is being strengthened to provide precise profiling of agricultural entities, with a focus on building a financing data service platform that covers nearly 20 million entities [4] - The "Rongyitong" platform in Linyi City is being developed as a model for rural credit system construction, integrating various services to enhance convenience for farmers [4] Group 4: Regional Practices for Innovative Rural Digital Inclusive Finance - A digital platform named "Nongnong e-chain" is being established in Zaozhuang City to address challenges in rural property rights, enabling standardized and digital representation of rural assets [5] - The "Rural Property Digital Asset Locking Certificate + Rural Land Operating Income Pledge" financial service model is being created to ensure priority repayment rights for financial institutions [5] - As of now, 894 households and village collectives have been confirmed in the chain, with loans totaling 5.55 million yuan issued through the "Nongquan e-loan" product [5]

Core Viewpoint - Zhongqi Yunlian has submitted its prospectus to the Hong Kong Stock Exchange, planning to go public as a digital financial platform focused on industrial sectors since its establishment in 2015 [1] Financial Performance - The core business of Zhongqi Yunlian, which includes rights confirmation and factoring services, has shown exceptional performance with gross margins exceeding 90% for three consecutive years, making it a leader in the industry [1] - Despite high gross margins, the company's overall profitability remains modest, with net profit margins fluctuating between 7% and 17% during the reporting period, raising concerns about its profitability [1] - High operating expenses, particularly selling expenses, are identified as the main obstacle to profit growth, with over 70% of annual revenue allocated to cover these costs, and selling expenses alone accounting for nearly 50% of total revenue [1] Revenue and Cost Structure - The revenue from the core business reached approximately RMB 9 billion, but the profit level remains insufficient compared to this high revenue figure [5] - The company has achieved over 2 times growth in profit in 2023, yet the profit level is still considered inadequate relative to its substantial revenue [5] - The breakdown of expenses shows that marketing costs have become the dominant part of the expense structure, significantly limiting profit margins [5][6] Shareholding Structure - Zhongqi Yunlian's prospectus reveals changes in its shareholding structure, particularly highlighting the activities of its third-largest shareholder, Huayu Guochuang Fund, which has engaged in a series of capital operations that appear suspicious [2] - The fund's transactions include acquiring shares at a low price and subsequently selling them at a significantly higher price, raising questions about the valuation of Zhongqi Yunlian's equity [3] Future Outlook - The market is keenly observing whether Zhongqi Yunlian can optimize its expense structure while effectively enhancing its profitability quality, which will be a focal point for investors [5]

八部门联合印发《支持小微企业融资的若干措施》，从增加融资供给、降低综合融资成本、提高融资效 率等8方面提出23项措施，旨在解决小微企业融资难题。对此，北京工商大学金融系教授、数字金融研 究中心主任张正平表示，在当前这一特定时间点，国家有关部委出台支持小微企业融资的重要政策文 件，且同时发挥监管、货币、财税、产业等各项政策合力，帮助小微企业解决融资难题，具有十分重要 的现实意义。张正平同时指出，对金融机构来讲，要充分利用好数字化工具，发展数字金融，利用金融 科技找好风险和收益的平衡点。(每经) ...

Core Insights - The Basel Committee on Banking Supervision (BCBS) held a plenary meeting in Stockholm, Sweden, on May 20-21, 2025, focusing on global banking risk changes, digital finance, and the optimization of regulatory rules and measures [1] Group 1 - The meeting included discussions on the evolving risks faced by the global banking industry [1] - Digital finance was a significant topic of discussion, indicating its growing importance in the banking sector [1] - The committee emphasized the need for improvements in regulatory frameworks and supervisory practices [1]

Core Viewpoint - Voobank Inc. is preparing for an IPO in the U.S. through a merger with a SPAC, aiming to enhance its global market presence and become a leading digital bank in the financial technology sector [4][5]. Group 1: Company Overview - Voobank Inc. was established in 2014 in the U.S. and has obtained various financial licenses including MSB in the U.S., VASP in the EU, and TCSP & AR in Hong Kong, with services such as credit card issuance, online payment collection, offshore bank account services, and Web3 wallet asset custody [2]. Group 2: IPO Plans - Since December 20, 2024, Voobank has been actively preparing for its IPO, considering a listing on NASDAQ and potentially utilizing an "OTC listing + transfer" method for efficiency [4]. - The company plans to achieve its market entry strategy through a Reverse Merge combined with PIPE, collaborating with SPACs like Cayson Acquisition Corp [4]. Group 3: Strategic Goals - Post-IPO, Voobank aims to leverage capital operations to accelerate global market expansion, particularly through the acquisition of traditional banks and the integration of new digital financial technologies and products [4]. - The company intends to obtain various financial licenses globally and enhance its compliance framework to ensure stable business growth [4]. Group 4: Market Sentiment - Capital market professionals view Voobank's NASDAQ IPO as a positive development, with Cayson Acquisition Corp expressing that assisting Voobank in capital operations will provide new acquisition opportunities and diversify their business [5]. - Voobank's CEO, Helios, emphasized that the IPO plan and strategic partnership with Cayson Acquisition Corp represent a significant opportunity for expanding global market reach and increasing capital market recognition [5].

海南日报客户端消息，5月20日，海南省政府召开专题会议，研究部署海南"清凉城市"建设相关工作。省政 府党组成员赵峰，省政府秘书长符宣朝参加会议。 这意味着，中国太平副总经理、太平人寿党委书记赵峰已任海南省政府党组成员。 中国太平副总经理赵峰履新 中国太平保险集团有限责任公司简称"中国太平"，于1929年在上海创立，是我国历史上持续经营最为悠久的民 族保险品牌，也是我国唯一一家管理总部在境外的中管金融企业。2024年，中国太平实现营业收入超1700亿 元，年末总资产1.6万亿元，年末管理总投资资产近2.5万亿元。 赵峰现年52岁，是一名典型的"70后"， 毕业于哈尔滨科学技术大学计算机及应用专业，工学学士，高级工程 师。其于2023年5月至今出任中国太平副总经理。现任中国太平保险集团有限责任公司、中国太平保险集团 （香港）有限公司和中国太平保险控股有限公司副总经理，兼任太平金融服务有限公司董事长、中国太平保险 （卢森堡）有限公司董事长。 近年来，各地政府配备金融干部并不鲜见。去年以来，已有多位金融干部履新地方政府，不少担任金融副省长 要职。 赵峰2024年4月起出任太平人寿董事。今年3月，太平人寿原总经理程永红 ...

微众银行行长李南青表示："数字金融正成为破解中小微企业融资难、激活实体经济' 毛细血管'的关键 引擎，通过此次合作，乘着"国补"东风，双方充分发挥自身优势，持续拓展数字化普惠小微金融的边 界，助力民营经济高质量发展。" 未来，微众银行将与银联商务持续深化合作，将服务深圳国补商户的成功经验复制拓展至全国，通过提 供综合数字化企业金融产品方案，为居民消费和实体经济发展注入金融动能。 为积极响应国家关于促进消费升级的政策号召，充分释放消费活力，近日，微众银行与银联商务深圳分 公司联合推出"微业贷国补商户专享贷款"，帮助进入国补政府清单的商户解决囤货资金需求量大、短期 现金流紧张的问题，推动形成政府补贴、企业让利、金融助力的良好消费局面，助力商家紧抓政策机 遇，实现销量与效率的提升。 为进一步赋能消费市场与实体经济，切实解决商户后顾之忧，微众银行迅速响应，发挥自身数字化金融 服务优势，并结合银联商务的服务网络优势，携手推出专属国补商户贷款产品，重点围绕银联商务深圳 地区家电、3C、装修材料商户。微业贷是微众银行推出的国内首个线上无抵押企业流动资金贷款产 品，在目前其已授信的160万家企业中，批发零售业占比超38%，其 ...

下一步，中国人民银行陕西省分行将聚焦重点领域和薄弱环节细化工作措施，全面提升金融服务实体经 济质效。一是强化与行业主管部门的协同配合，建立各领域跨部门政策协调机制，建立健全激励约束机 制，确保各项政策相互衔接、形成合力。二是发挥好结构性货币政策工具和宏观信贷政策的牵引带动作 用，引导金融机构加大信贷资源投入和优化信贷结构。三是提升金融机构服务能力，完善金融机构内部 激励约束机制，进一步丰富金融产品谱系，提升风险评估能力和金融服务技术水平。 中国人民银行陕西省分行分篇推进金融"五篇大文章"取得积极进展。在科技金融与数字金融方面，该行 与西安电子科技大学建立"行校合作"机制，联合陕西省科技厅召开全省科技金融融资对接大会，发布首 批科技成果转化"三项改革"1000个项目和首批1000家"创新积分制"科技企业名单，指导商业银行开展融 资对接。截至2025年3月末，全省科技型企业本外币贷款余额4146.03亿元，同比增长13.07%。积极推动 科技创新和技术改造再贷款在陕落地，自2024年以来，先后向金融机构推送6批共计6833个科创企业和 467个设备更新项目开展融资对接，累计发放清单内技术改造贷款62.14亿元、科 ...

Group 1: Industry Trends - The Asian asset management industry is undergoing significant transformation due to rising costs and changing investor demands, creating new opportunities for growth [1][2] - The International Monetary Fund has downgraded growth forecasts for major Asian economies, indicating a potential global slowdown, with varying impacts across different economies [1][2] - Despite challenges from trade tariffs and geopolitical tensions, the commitment to clients remains strong, with a focus on long-term strategies in retail, wealth, and institutional business [1][2] Group 2: Digital Transformation - The asset management industry is at a critical juncture of digital revolution, leveraging cloud computing, machine learning, artificial intelligence, and blockchain to enhance productivity and reduce costs [2] - Increased market volatility and evolving investor behavior are prompting a more diversified demand from investors, necessitating agile responses and dynamic monitoring [2] Group 3: Cross-Border Opportunities - The company emphasizes the importance of cross-border sales opportunities, particularly in meeting the growing demand for Asian products, especially in India and China [2] - Recent strategic acquisitions and partnerships have strengthened the company's market position and expanded its product offerings in real estate and energy transition infrastructure [2] Group 4: Future Outlook - Despite severe market challenges, there are unique opportunities for innovation and growth, with a commitment to resilience and agility in responding to changes [3]