Group 1 - Xinjiang is emerging as a vibrant hub for China's westward opening, showcasing diverse natural beauty and economic activity [1] - The region is experiencing a fruitful season for goji berries, with local farmers expecting to harvest 7-8 times this summer and autumn, leading to significant income [3] - The goji berries are processed using fresh-lock technology, allowing for direct delivery to markets like Chengdu within 24 hours, enhancing their marketability [3] Group 2 - The Horgos International Border Cooperation Center serves as China's first cross-border economic cooperation zone, facilitating tourism, business negotiations, and e-commerce [4] - The center is witnessing increased activity, with various local products and services being offered, including traditional Chinese medicine, reflecting the growing recognition of Chinese culture in Central Asia [4] - The logistics hub is actively engaged in transporting goods such as fans and fertilizers to Central Asian countries, indicating robust trade flows [4]

一方面，证监会明确表示，要构建更加开放包容的资本市场生态，加快落实2025年资本市场对外开放一 揽子重点举措，进一步增强各类外资参与中国资本市场的便利度；另一方面，多家外资机构看好中国市场 结构性机遇，包括摩根士丹利在内的不少机构上调了中国经济增速预期和股指目标。 瑞银全球金融市场交易部主管贺立言认为，去年9月以来，随着中国一系列稳增长和开放政策的陆续出 台，全球资本对中国市场的投资热度持续攀升，欧洲投资者群体中，更多的投资者目前对中国资产从低配 转为中性，一些投资者甚至超配，中国资产相对全球其他投资品种，具有较大的吸引力。 资本市场全方位开放 外资和外资机构是中国资本市场的重要参与力量，构建让外资愿意来、留得住的市场机制，是资本市场全 面深化改革开放的关键举动之一。 近年来，证监会不断完善资本市场对外开放政策，深入推进市场、产品、机构双向开放，推动资本高效流 动、要素合理配置和制度互学共鉴。持续放宽合格境外投资者准入条件，扩大投资范围。优化境外上市备 案制度，完善境内外上市联动机制，有序拓展资本市场跨境互联互通，推动A股纳入明晟、富时罗素、标 普道琼斯等著名国际主要指数。支持更多外资金融机构在中国开展业务。 ...

Core Viewpoint - China's economy is enhancing its resilience through sustainable growth, playing a crucial role in global supply and demand balance, and implementing innovation-driven development strategies to stimulate corporate innovation [1][2]. Group 1: China's Role in Global Trade - China is accelerating the implementation of policies that support innovation, which is vital for enhancing the global supply chain [1]. - The Belt and Road Initiative has significantly contributed to infrastructure upgrades in participating countries, improving connectivity and global logistics efficiency [1]. - China's favorable environment for innovation and entrepreneurship is leading to the growth of industrial clusters, which will provide new opportunities for global trade [1]. Group 2: Economic Development and High-Quality Growth - As China's economy continues to expand, it is focusing on high-quality development and nurturing new productive forces, which aligns with economic development trends and will benefit the global market with high-tech and high-value-added products [1]. - The application of high technology in the service sector will also allow other economies to benefit from China's development of new productive forces [1]. Group 3: Regional Cooperation and Trade Facilitation - China is actively promoting the Regional Comprehensive Economic Partnership (RCEP) and has made significant progress in simplifying origin rules and enhancing trade facilitation, which supports regional and global supply chain collaboration [2]. - The use of new technologies such as cross-border payment systems and supply chain management is expanding trade between China and regions like the Middle East and Africa, setting an example for the "Global South" [2]. Group 4: Stability in Global Trade - Predictability and stability are crucial for global trade and investment, and trade wars create significant uncertainty for the global economy [2]. - The resolution of trade frictions requires dialogue and negotiation among parties to find suitable solutions, preventing global economic growth from facing challenges [2].

Group 1 - The Chinese capital market is experiencing a new phase of "dual-directional engagement" with foreign institutions, as the China Securities Regulatory Commission (CSRC) aims to create a more open and inclusive market environment [1][2] - Foreign institutions, including Morgan Stanley, have raised their economic growth forecasts and stock index targets for China, indicating a positive outlook on structural opportunities within the market [1][4] - The CSRC has been continuously improving policies for foreign investment, enhancing the convenience and stability of foreign participation in the A-share market [2][3] Group 2 - The establishment of a fair, transparent, and predictable market environment for foreign financial institutions is crucial, as evidenced by the increasing presence of foreign brokerages in China [3][4] - Major foreign institutions are optimistic about Chinese assets, with Goldman Sachs maintaining a bullish stance on the Chinese stock market and expecting improvements in corporate profitability [4][5] - Technology and consumer sectors are the primary focus areas for overseas investors, with significant interest in industries such as artificial intelligence and healthcare [5] Group 3 - The CSRC plans to accelerate the implementation of key measures for capital market openness by 2025, including optimizing the Qualified Foreign Institutional Investor (QFII) system and expanding the range of products available for foreign trading [6][7] - Experts suggest enhancing market inclusivity and openness to attract more high-quality domestic and foreign technology companies and investors [7] - The expectation is that China will continue to attract foreign financial institutions to deepen their participation in the domestic market, thereby increasing the influence of China's capital market on the global stage [7]

齐鲁晚报.齐鲁壹点厉昕月 6月27日，日照市新闻办召开"抓项目优环境促发展"主题系列新闻发布会(第5场)，日照市商务局党组书记、局长陈常永介绍日照市扩开 放促消费的有关情况。 陈常永介绍，2025年以来，日照市商务局以"项目提升年"为牵引，一手抓招商引资和项目推进，一手抓市场拓展和主体培育。在主体培 育方面，通过搭建对接平台、举办重点活动、优化营商环境等举措，进一步激发主体活力。 在搭建招引平台上，日照市商务局持续提升产业链招商、场景招商、科技招商、资本招商质效，加快推动重大项目落地转化。推动采埃 孚集团日照生产基地三期、世纪阳光纸业集团浆纸一体化等一批项目签约。在刚刚结束的跨国公司领导人青岛峰会上，日照市飞奥航空 进行了产品展示，二手车出口等重点外贸外资项目签约，采埃孚、亚太森博2个案例入选跨国公司助力山东绿色低碳高质量发展先行区建 设10大典型案例。 在促进外贸扩容提质上，日照市商务局把帮助企业开拓市场、培植壮大主体作为首要任务。一方面，联合海关、外汇、信保、银行等部 门单位，开展AEO参评、外汇衍生工具、小微企业免费投保信用保险、进出口金融产品等政策宣讲活动8场，全方位提升企业开拓国际 市场的综合水平。 ...

Core Insights - DeepSeek has achieved a breakthrough in developing large models with lower costs while maintaining equivalent performance, prompting industry discussions on the efficiency revolution in large models [1] - Engineering innovation is seen as a crucial driver for disruptive innovation, with DeepSeek exemplifying the potential of engineering advancements in enhancing large model development [1][3] - The future of artificial intelligence will increasingly depend on the synergy between software and hardware, particularly in fields like humanoid robotics and advanced autonomous driving [1] Group 1 - The historical context of engineering innovation is highlighted, questioning why significant innovations often arise in specific locations, such as the steam engine revolution occurring in Manchester rather than London [3] - The interplay between theoretical breakthroughs and engineering optimizations is expected to lead future disruptive innovations, with both "0 to 1" and "1 to 100" processes being significant [3] - The efficiency revolution in large models is driven by a combination of architecture, strategy, and optimal software-hardware collaboration, indicating a shift from single-dimensional to multi-faceted understanding of innovation [3][4] Group 2 - DeepSeek's approach to developing large models emphasizes low computing power and cost while achieving performance equivalence, marking a shift in industry competition logic where efficiency is paramount for disruptive innovation [4] - The pursuit of energy efficiency is becoming increasingly important, suggesting that without high performance and energy efficiency, disruptive innovation may not occur [4] - Open-source initiatives are identified as essential for supporting the ecosystem of disruptive innovation [4] Group 3 - While focusing on disruptive innovation, it is crucial to consider potential disruptive harms, as current large model technologies exhibit incomplete explainability [5] - The governance of advanced AI technologies is becoming more urgent, especially as the reasoning capabilities of large models increase, leading to concerns about their compliance with instructions [5]

金融加力支持高质量发展 [Table_ReportType] ——2025 年 6 月策略月报 [Table_ReportDate] [投资要点： Table_Summary] 2025 年 06 月 27 日 | [Table_Authors] 分析师: | 宫慧菁 | | --- | --- | | 执业证书编号： | S0270524010001 | | 电话： | 020-32255208 | | 邮箱： | gonghj@wlzq.com.cn | [Table_ReportList] 相关研究 固本强基，向新向好 改革深化稳市场信心 政策加力支持金融开放与高质量发展 证 券 研 究 报 告 [Table_RightTitle] 策略研究|策略月报 [Table_Title] 策 略 月 报 策 略 研 究 ⚫ 6 月 A 股主要股指普遍上涨：截至 6 月 25 日收盘，上证综 指收报 3,455.97 点，较 5 月末上涨 3.24%。分结构看，本 月 A 股主要股指普遍上涨。其中，上证 50、沪深 300 指数 涨幅较大。 ⚫ 市场流动性有所改善：截至 6 月 25 日，6 月 A 股限售解禁 ...

Core Viewpoint - The "PubScholar Public Academic Platform" launched by the Chinese Academy of Sciences aims to enhance open science practices and facilitate academic communication and innovation among students and researchers globally [1][2]. Group 1: Platform Overview - The "PubScholar Public Academic Platform" integrates resources from the Chinese Academy of Sciences, including scientific achievements, publishing resources, and academic exchange resources, allowing for open access to academic resources [2]. - As of now, the platform has achieved 1 billion visits, 1.2 million downloads, and over 370,000 registered users, covering 158 countries and regions [2]. Group 2: Open Science Initiatives - The platform is part of a broader initiative led by the Chinese Academy of Sciences to promote open science, which includes the "Open for Science" project in collaboration with UNESCO, aimed at building an open scientific information infrastructure globally [2][3]. - Three main goals have been established for the initiative: creating an open technical architecture, building a Chinese open science demonstration platform, and monitoring global open science development trends [2][3]. Group 3: Challenges and Recommendations - The advancement of open science faces challenges, such as balancing open access with academic quality and traditional models with innovative ecosystems [3]. - Recommendations include focusing on high-quality research outputs, leveraging new technologies like AI for content production, and innovating publishing methods to adapt to the open science era [3][4]. Group 4: International Collaboration - The Chinese Journal Association is committed to supporting local journals in collaborating with international publishing institutions to enhance global resource connectivity [4]. - The STM Association's CEO expressed a willingness to strengthen cooperation with Chinese publishing institutions to foster mutual progress in the field [5].

三、提升开放服务水平 各级文物行政部门要始终坚持安全是底线、是红线，坚持人民至上、生命至上，管行业必须管安全、管 业务必须管安全、管生产经营必须管安全，压紧压实主体责任，全面加强博物馆安全工作。对实施延时 开放、夜间开放的博物馆，要加大保障和支持力度，确保安全开放。各地博物馆要制定安全应急预案， 充分利用周一闭馆日等，定期开展各类设施设备检修和隐患排查，加强应急演练，做好雨季汛期的日常 巡查与突发情况应对，切实维护人民群众生命财产安全。要落实藏品管理制度，加强重点区域、重要展 品的监测和防护，确保文物安全。要加强陈列展览、教育活动、文创开发等意识形态审核把关，确保意 识形态安全。 二、增强优质文化供给 各级文物行政部门要针对暑期青少年群体较多的特点，加强资源整合和组织调度，可以通过策划博物馆 月、博物馆季等活动，强化优质文化集中供给。各地博物馆要主动策划推出一批主题鲜明、内涵丰富、 具有教育意义的精品展览和活动，丰富公众暑期文化生活。中央地方共建国家级重点博物馆、省级大馆 和重点行业博物馆要发挥示范引领作用，通过联展、巡展、借展等方式推动一批精品展览到中小博物馆 展出，为公众提供更多选择。要大力发展云展览、云 ...

随着中国金融开放政策的持续深化，人民币国际化进程正迎来新的发展机遇。 从贸易结算到投融资深化 人民币国际化进程正从贸易结算向投融资领域纵深发展。吴雅思告诉券商中国记者，过去三年间，人民币在国 际贸易结算与支付中的交易规模已经翻了一倍，而在东盟、中东、非洲等共建"一带一路"市场，人民币的应用 场景不断拓展。 据渣打方面观察，在贸易融资方面，境外企业用人民币作为贸易融资货币的意愿已经有所提升。例如，在东南 亚的马来西亚、印尼等地，中资企业在海外建厂项目早已用人民币进行贸易融资，且近年来使用规模不断扩 大。 近日，渣打银行董事总经理、中国开放及人民币国际化团队主管吴雅思和 渣打银行（中国）有限公司交易银 行部总经理张荧 联手接受了媒体采访，围绕人民币国际化进展等议题，分享了专业见解与实践经验。 作为全球大型国际银行，渣打银行凭借其广泛的跨境网络与深厚的本地化服务能力，成为人民币国际化进程中 的重要参与者。 金融开放全域推进 中国金融开放政策近年来持续加码，自贸区改革、跨境互联互通机制等举措为人民币国际化提供了重要支撑。 张荧表示，渣打银行一直以来是中国金融开放积极的参与者，同时也是一个受益者，"我们在新政策之下也推 ...