Core Viewpoint - The battery industry is transitioning into a multi-core era, focusing on user needs and enabling customization across various applications, including electric vehicles, buses, trucks, aircraft, and ships [1][2]. Group 1: Technological Diversity - The multi-core era represents the lithium battery industry's shift towards a diversified technological approach, with companies exploring multiple pathways such as sodium-ion and solid-state batteries [2][5]. - Recent innovations include CATL's sodium new battery and high-safety solid-state batteries with energy densities reaching 300Wh/kg, showcasing China's leading position in the lithium battery sector [5]. - Key performance indicators highlight China's advantages, with mass-produced battery systems achieving energy densities of 212Wh/kg and a cycle life exceeding 18,000 times [5][6]. Group 2: Application Diversity - The evolution towards multi-core technology reflects a deep resonance between technological supply and diverse application demands, with projections indicating that by 2030, China's new energy vehicle sales will reach 22 million units and lithium battery sales approximately 1,900GWh [7][8]. - The market is witnessing structural differentiation driven by high-voltage fast-charging technologies, leading to increased adoption of lithium iron phosphate batteries in mid-to-high-end vehicles [7]. - Emerging applications are experiencing breakthroughs, including eVTOL aircraft nearing certification, increased electrification in construction machinery, and advancements in battery technology for electric ships [8]. Group 3: Regional Diversity - The competition in the multi-core era has expanded globally, with companies like CATL and BYD accelerating overseas capacity expansion through local production bases in Hungary, Spain, and Thailand [9][10]. - China's global expansion strategy is characterized by clear planning, with expectations that by 2030, the overseas market share in key materials will continue to rise [10]. - The industry's globalization is complemented by a focus on technology output and standard-setting, with Chinese technologies being integrated into international automotive plans [10].

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Core Viewpoint - The People's Bank of China and six other departments have jointly issued guidelines to enhance financial support for consumption, aiming to stimulate and expand consumer demand through various financial measures [1][2]. Financial Support Measures - The guidelines propose 19 key measures across six areas to strengthen financial services for consumption, including enhancing consumer capacity, expanding financial supply, and optimizing the consumption environment [1][2]. - A focus on improving the professional service capabilities of financial institutions is emphasized, with five main areas of effort: credit support, structural monetary policy tools, bond market financing, equity financing, and diversified consumer financing channels [1][2]. Loan and Financing Initiatives - The guidelines include a 500 billion yuan re-lending facility for service consumption and elderly care, allowing financial institutions to apply for re-lending based on 100% of the loan principal [2]. - Financial institutions are encouraged to provide loans to key service sectors such as retail, hospitality, and education, enhancing the quality of service consumption [2][3]. Diversified Financing Channels - The guidelines stress the importance of multi-channel financing, including bond issuance for qualified enterprises in cultural, tourism, and education sectors, and support for equity financing for quality enterprises in the consumption industry [3][4]. - The promotion of asset securitization for retail loans, including auto loans and credit cards, is aimed at increasing the supply of consumer credit [3][4]. Enhancing Consumer Capacity - The guidelines propose measures to solidify the macroeconomic foundation, support employment and income growth, and optimize the social security system to enhance consumer confidence and willingness [5][6]. - Financial institutions are encouraged to develop pension products tailored to individual needs, promoting wealth accumulation and stable growth [5][6]. Infrastructure and Supply Chain Improvements - The guidelines highlight the need to improve consumption infrastructure and supply chain efficiency, particularly in logistics and distribution, to facilitate market expansion [6][7]. - Financial products and financing models are to be innovated to meet the funding needs of infrastructure projects related to consumption [6][7]. Coordination and Implementation - Local financial management departments are urged to coordinate with relevant government sectors to effectively implement the consumption support measures [7]. - Financial institutions are expected to enhance internal resource coordination and develop specific implementation details for supporting consumption [7].

2025.06. 24 招聘信息显示，近日，该公司在上海、深圳、北京等地招聘工业设计（小家电）、首饰设计师、电商 设计师等技术岗位，学历要求为本科，月薪范围在 13000-30000 元之间。 本文字数：532，阅读时长大约1.5分钟 | | | 查企业 · 北京泡泡玛特文化创意有限公司 | ਸਿ | 十一周 | 应用 · | ◎ 老户特测 | HOTE 供需集市 日APP ■ | | --- | --- | --- | --- | --- | --- | --- | --- | | 基本信息 629 | 上市信息 12 | 司法信息 999+ | 经营诊断 999* | 知识产权 099+ | 企业发展 67 | 经营状况 171 | DeepSeek " | | 招聘信息 100+ | | | | | | | ◎ 壹企查 | | 序号 | 发布日期 | 麒位名称 | | 薪资 | 工作地点 | 学历 | 操作 | | 11 | 2025-06-18 | POPMART-商业企划 | | 13000-18000元/月 | 北京朝阳区浦项中心A座 A座36 | 本科 | 详情 | | 15 | 2025-06 ...

Group 1 - The core viewpoint of the news is that Zhengzhou Sanhui Electric has made a strategic investment in Shandong Xiaoli Family Robot, becoming its second-largest shareholder, which marks a significant step in expanding into the artificial intelligence industry and new technology applications [1][2]. - After the investment, Sanhui Electric holds a 35% stake in Xiaoli Family Robot, indicating a strong commitment to diversifying its business [1]. - Xiaoli Family Robot is recognized as a pioneer in the domestic intelligent therapy robot sector, having established a commercial closed-loop in the field, and is noted for its innovative business model that integrates smart platforms, functional carriers, and operational services [1][2]. Group 2 - The recent financing round for Xiaoli Family Robot will focus on the research and development of new intelligent therapy robot products, particularly tailored solutions for refined health management, aiming to better meet market demands and drive the intelligent upgrade of the health industry [2]. - The global market for health and wellness robots is experiencing explosive growth, with projections indicating that the market will reach $4.61 billion by 2024 and exceed $24.55 billion by 2031, reflecting a compound annual growth rate of 27% [2]. - In China, the market is expected to grow from 1.4 billion yuan in 2021 to 6.2 billion yuan by 2026, with a five-year compound growth rate of 32.5% [2]. Group 3 - Sanhui Electric has been focusing on its core business of electric meters and related products while actively seeking new profit growth points, including entering the energy storage sector, which is projected to generate 435 million yuan in revenue in 2024, a year-on-year increase of 349.11% [2]. - The company plans to consolidate its market share in existing business areas while closely monitoring investment and cooperation opportunities in strategic emerging industries [3]. - The strategic investment in Xiaoli Family Robot is expected to enhance Sanhui Electric's profitability and strengthen its market competitiveness and risk resistance in the rapidly growing intelligent therapy robot sector [3].

风险提示： 本报告部分数据基于数据供应商，可能为市场不完全统计数据，旨在反映市场趋势 而非准确数量，所载任何意见及推测仅反映于本报告发布当日的判断。理财产品业绩比较基准 及过往业绩并不预示其未来表现，亦不构成投资建议，不代表推介。 分析师：蔡梦苑 登记编号： S0890521120001 分析师：周佳卉 登记编号： S0890525040001 投资要点 监管和行业动态： 1、在6月18日开幕的2025陆家嘴论坛上，中国国家外汇管理局局长朱鹤新表 示，近期将新投放一批QDII投资额度，有序满足境内主体境外投资的合理需求。2、2025陆家 嘴论坛上，国家金融监督管理总局局长李云泽表示，中国拥有全球最大规模且持续壮大的中等 收入群体，已成为全球第二大资产和财富管理市场，财富管理需求正在向多元化、专业化配置 转型，支持外资机构在理财、投资、资产配置、保险规划等领域加大布局。3、6月19日，中国 证券报主办的"破局谋变共生——2025金牛财富管理论坛"在上海举办，与会嘉宾普遍认为，中 国财富管理行业正加速向买方投顾时代转型，多元化、全球化、灵活化的资产配置策略被视作 破局核心路径。 同业创新动态： 兴银理财首次投资清 ...

2025年夏季达沃斯论坛（新领军者年会）在天津举行（郑瑜/摄影） "我们可以看到，盲目跟风投资会扰乱市场定价机制，而中国正在积极引导投资方向，避免同质化投 资，这一举措意义重大。在科技、生物技术、机器人等竞争激烈的领域，中国正展现出强劲的发展势 头。"唐家成表示。 他认为，中国在吸引人才方面持续发力，当人才、资本与发展动力三者兼备时，技术发展将驶入快车 道。以"深度求索"（DeepSeek）为例，过去，人们普遍认为发展前沿技术需要巨额资金投入，用于开发 大型通用技术项目，如大语言模型。然而，如今通过更聚焦的方式，"深度求索"模式为中小国家带来了 新机遇——这些国家无须耗费巨额资金投入通用型项目，而是可以利用开源技术，并通过收益共享机制 参与技术创新。 他表示，由此可见，中国正在为技术创新注入新的内涵与路径，这正是未来发展的关键所在。对于亚洲 和中东地区而言，聚焦技术应用，以技术驱动自身发展，或将成为区域经济增长的核心引擎。 （编辑：李晖 审核：何莎莎 校对：翟军） 6月24日上午，2025年夏季达沃斯论坛（新领军者年会）在天津举行。 香港交易及结算所有限公司（香港交易所）主席唐家成在论坛上表示，当前，各界普遍 ...

Core Viewpoints - The support for gold prices from risk-hedging factors is expected to weaken due to easing geopolitical tensions and dovish signals from the Federal Reserve [1] - The outlook for gold remains bullish in the long term despite short-term volatility, influenced by geopolitical events and monetary policy expectations [2][3] Group 1: Market Analysis - Minmetals Futures indicates that dovish comments from Federal Reserve officials, such as Governor Bowman supporting rate cuts if inflation pressures are controlled, will drive silver prices stronger than gold [1] - UBS emphasizes that gold should be viewed as a diversification tool rather than a hedge against geopolitical events, maintaining a target of $3,800 per ounce for gold [3] - Heraeus analysts note that due to the hawkish stance of the Federal Reserve, gold is temporarily losing its appeal as investors shift towards white metals like silver and platinum [3] Group 2: Economic Indicators - The U.S. economy is showing signs of slowing down under high deficit pressures, but the long-term bullish trend for gold remains intact despite short-term lack of clear drivers [2] - Economic data from the U.S. indicates ongoing expansion, but significant price increases in manufacturing and services are raising inflation concerns [2] - The Eurozone's composite PMI has dropped to a five-month low, contrasting with the resilience of the U.S. economy, which may support the stabilization of the dollar [2]

June 20, 2025 10:42 AM GMT 中国思考 | Asia Pacific 人民币与稳定币，谁稳定谁？ 北京担忧，美国稳定币立法或将巩固美元霸主地位。因此愿 探索破局，先以香港试点，最终期冀强化人民币跨境支付。 然而，代币化仅是"术"，真要推动人民币国际 化，"道"乃根源，打破通缩、监管透明、资本流动的三个 硬骨头改革不可或缺。 为什么中国开始关注稳定币？一个重要的转折点是，美国参议院近期通过了稳定 币（GENIUS）法案，要求美元稳定币的发行需有百分百储备资产支撑。 若该法案 之后在众议院通过，其实质上意味着目前占据99%市场份额的美元稳定币将正式 成为美金代币。其可被接入国际支付系统，并大幅推升市场对美国国债的需求。 央行的转变⸺从拒绝到接纳：出于对金融风险的担忧，央行从2021年9月开始就 全面了禁止境内虚拟货币的交易与结算。 而本周潘行长在陆家嘴论坛的讲话标志 着央行对虚拟货币态度的转变： 他提出， 国际货币体系应向多极化发展， 并强调 跨境支付体系的多元化发展。潘行长特别提到， 传统跨境支付体系面临的问题逐 渐凸显，包括低效、易受地缘政治影响等。 而在区块链和分布式账本等新兴技术 ...

Core Viewpoint - The international enthusiasm for the use of the Renminbi (RMB) has significantly increased following the implementation of "reciprocal tariffs" by the United States, with a notable rise in demand for RMB in cross-border investments and trade financing [2][3][4]. Group 1: RMB in Cross-Border Trade and Investment - After the U.S. introduced "reciprocal tariffs," more Chinese enterprises are willing to use RMB for overseas direct investment (ODI), leading to increased demand for RMB in cross-border investments [3]. - The RMB is evolving from a popular trade settlement currency to a multi-functional role, including trade financing and reserve currency [4][6]. - As of the end of 2024, RMB is projected to become the third-largest trade financing currency globally, with cross-border payment amounts reaching 64.1 trillion yuan, a 23% increase year-on-year [4]. Group 2: Central Bank and Reserve Currency Trends - More emerging market central banks are incorporating RMB into their foreign exchange reserves, reflecting a trend towards diversification away from the U.S. dollar [4][9]. - Currently, RMB accounts for less than 3% of global foreign exchange reserves, indicating significant potential for growth in this area [9]. Group 3: RMB Liquidity and Financing - The liquidity of RMB in overseas markets is increasing, which is encouraging foreign enterprises to use RMB for trade financing, thereby reducing their financing costs [8][11]. - The Hong Kong Monetary Authority has introduced measures to support RMB trade financing liquidity, which will further meet the financing needs of foreign enterprises [7][8]. Group 4: Challenges and Future Outlook - The internationalization of RMB faces challenges in meeting the diverse needs of foreign enterprises for RMB settlement, investment, and reserve management [11][12]. - Enhancing RMB liquidity in overseas markets is crucial for encouraging foreign institutions to hold RMB assets, which requires the development of a diverse range of RMB financial products [12].