纳尔参加在北京举行的中非青年创新创业圆桌会议。 招商局集团供图 外国观众在HICOOL 2025全球创业者峰会展厅内观看智 能灵巧手。 杜建坡摄（影像中国） 蔡奕鸿展示其公司生产的竹基环保杯盖。 本报记者 崔 寅摄 孔特在湖南长沙举办的招商研讨会上发言。 盘清文摄 上海外滩国际人才服务中心工作人员向俄罗斯姑娘安娜 （左）介绍双语小册子《"欢迎来黄浦"海外人才一本 通》。 王 初摄（影像中国） 近年来，中国高质量发展不断推进，创新创业生态、产业配套、政策支持方面的独特优势不断显现。许 多外国人在华学习、创业，将中国的先进技术与理念融入自身创业实践中。也有不少外国留学生将在华 所学带回本国，投身创业实践，为家乡产业升级与数字化转型注入新活力。他们不仅实现了个人梦想， 也成为中外科技、产业与文化交流的桥梁，他们的经历展现了中国高质量发展对全球创业者的强大吸引 力。 埃塞俄比亚青年将数字支付理念带回非洲—— "利用在中国所学造福家乡" 本报记者 戴楷然 纳尔介绍，"Chapa"一词在埃塞俄比亚青年俚语中是"钱"的意思，青年群体更容易接受数字支付平台这 样的新鲜事物。"在埃塞俄比亚，企业面对不同客户时，需要接受不同银行 ...

Core Viewpoint - Walmart's decision to transfer from NYSE to NASDAQ on December 9 marks a significant transformation in the capital market, creating the largest exchange migration record in U.S. history with a market capitalization of $853.1 billion, attracting global attention without an IPO or financing [2][9]. Group 1: Reasons for Choosing NASDAQ - The transfer is a result of Walmart's deep investment in technology, with over $10 billion allocated to areas such as artificial intelligence, supply chain automation, and digital payments [2][9]. - NASDAQ is seen as an ideal platform for Walmart to achieve higher valuation premiums and a strong "tech label," which is essential for its future growth and investment strategy [2][9]. - Post-transfer, Walmart is expected to be included in the NASDAQ 100 index, which will attract more passive investment and enhance its image as a "tech retail" leader [2][9]. Group 2: Competitive Landscape of Stock Exchanges - The transfer reflects a decade-long competition between NYSE and NASDAQ, with NASDAQ successfully attracting over 40 S&P 500 companies, while NYSE has drawn 347 companies during the same period [5][12]. - This competition is not just about the number of companies but also about the narrative and branding of the exchanges, positioning them as platforms for corporate strategic transformation [5][12]. - The emergence of the Texas Stock Exchange (TSE), set to launch in 2026, adds pressure on traditional exchanges, emphasizing the need for established players to retain major clients like Walmart [5][12]. Group 3: Implications for the Retail Industry - Walmart's transfer signifies a pivotal moment in the retail industry's technological transformation, indicating that technological capability will become the core competitive advantage rather than just scale [6][13]. - The move is seen as a harbinger of a new technological wave in retail, where competition will increasingly rely on innovation and digital transformation [6][13].

Core Insights - Visa has announced plans to operate in Syria following an agreement with the Central Bank of Syria to develop a digital payment ecosystem [1][2] - The focus will be on collaborating with licensed financial institutions to establish a robust and secure payment infrastructure, including the issuance of payment cards and the launch of digital wallet services based on global standards [1][2] Group 1: Visa's Initiatives - Visa aims to build a secure payment foundation in Syria by working with licensed financial institutions [1][2] - The company plans to issue payment cards and introduce digital wallet services as part of its strategy [1][2] Group 2: IMF's Role - The International Monetary Fund (IMF) visited Damascus in November and expressed intentions to provide technical assistance in areas such as financial sector regulation, payment and banking system restoration, and enhancing the Central Bank of Syria's capacity [1][2] - The IMF's support aims to help the Central Bank effectively implement monetary policy to achieve low inflation stability and strengthen banking system oversight [1][2] Group 3: Historical Context - The Syrian banking system has been largely isolated from the global financial system since the onset of the civil war, following comprehensive sanctions imposed by Western countries in response to the government's crackdown on protests in 2011 [1][2] - Recent political developments, including the overthrow of President Bashar al-Assad and the establishment of a transitional government, have led to efforts to restore international relations [1][2] - Following a meeting between transitional President Ahmad Sharrah and U.S. President Donald Trump in May, the U.S. has significantly relaxed several sanctions against Syria, with multiple European governments also announcing the termination of economic sanctions [1][2]

Core Viewpoint - New Guodu (300130.SZ) is planning to list on the Hong Kong Stock Exchange, aiming to raise funds for various strategic initiatives, including enhancing local sales networks and R&D capabilities, as well as establishing a smart headquarters in Dongguan [2][3]. Company Overview - New Guodu, established in 2001 and listed on the ChiNext board in 2010, has a market capitalization exceeding 14.5 billion RMB as of November 27 [3]. - The company specializes in payment technology services, providing integrated digital payment solutions that include both hardware and services [3]. Financial Performance - New Guodu's revenue has been declining, with figures of 4.315 billion RMB in 2022, 3.8 billion RMB in 2023, and 3.146 billion RMB in 2024. Net profits were 45 million RMB, 754 million RMB, and 231 million RMB for the same years, indicating significant fluctuations [6][9]. - The company's revenue from acquiring and value-added services has seen a decline, with a 12.86% drop in the first half of 2025 [8][10]. Market Position and Growth Strategy - New Guodu has developed a comprehensive overseas payment license portfolio and aims to establish global payment operations as a second growth curve [5]. - The company has reported cumulative sales of over 50 million payment hardware devices over the past 15 years, with a total payment volume (TPV) exceeding 1 trillion RMB for six consecutive years from 2019 to 2024 [5]. Challenges and Concerns - The company has faced challenges with goodwill impairment due to acquisitions that did not meet expectations, impacting financial performance [11][12]. - As of mid-2025, New Guodu's goodwill on the balance sheet was 558 million RMB, primarily from the acquisition of JiaLian Payment [11]. Cash Flow and Fundraising Necessity - New Guodu has significant cash reserves, with 2.048 billion RMB in cash and cash equivalents and plans for investment using idle funds [13]. - The necessity for fundraising through the Hong Kong listing has been questioned, given the company's current cash position and dividend payouts [13]. Conclusion - As a long-standing player in the A-share market, New Guodu's recent performance and goodwill issues warrant investor attention, and its ability to attract interest from Hong Kong investors remains to be seen [14].

Group 1 - The core viewpoint of the article is that Shenzhen Xinguodu Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor [1] - Shenzhen Xinguodu is described as a leading payment technology service provider in China, with a global reach [1] - The company operates across the entire payment technology industry chain, offering integrated end-to-end digital payment technology solutions that combine "payment hardware + payment services" [1]

警告 深 圳 市 新 國 都 股 份 有 限 公 司 （ 於中華人民共和國註冊成立的股份有限公司） 的申請版本 香港聯合交易所有限公司及證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本申請版本全部或任何部分內容而產生或依 賴該等內容而引致的任何損失承擔任何責任。 XGD INC. 倘 在 適 當 時候 向 香 港 公 眾 人 士 提出 要 約 或 邀 請 ， 有 意投 資 者 務 請 僅 依 據 送呈 香 港 公 司 註 冊 處 處 長 登 記的 本 公 司 招 股 章 程 作出 投 資 決 定 ， 招 股 章程 的 文 本 將 於 發 售 期內 向 公 眾 人 士 派 發。 (a) 本文 件 僅為 向香 港 公眾 人 士提 供有 關 本公 司的 資 料， 概 無任 何其 他 目的 。投 資 者不 應 根據本文件所載資料作出投資決定； (b) 在聯 交 所網 站登 載 本文 件 或任 何補 充 、修 訂或 更 換附 頁 ，並 不會 引 致本 公司 、 其各 自 保薦 人 、整 體協 調 人、 顧 問或 承銷 團 成員 須於 香 港或 任 何其 他司 ...

Core Insights - The article discusses the evolving financial landscape for parents and teens, particularly focusing on the timing and implications of giving teens debit cards [1] Group 1: Attitudes Toward Cash and Spending - A generational shift is evident, with over half of Gen Z indicating they are more likely to overspend when using cash, and nearly a third perceiving cash users as "out of touch" [2] - 53% of Gen Z respondents reported using cash only as a last resort, highlighting a preference for digital payments [2] Group 2: Financial Management Among Teens - Many Gen Z consumers are utilizing checking or savings accounts, yet 46% have less than $500 saved, indicating low savings levels [3] - Limited awareness of interest rates is a concern, with only 44% of respondents knowing the rate on their savings account [3] Group 3: Benefits of Debit Cards for Teens - Debit cards are increasingly seen as a tool for teens to develop financial skills, with most banks allowing teens as young as 13 to open accounts with a parent or guardian [4] - Parents view debit cards as a means to help children practice budgeting while maintaining oversight [4] Group 4: Impact of Parental Guidance - The Cash App survey indicates that providing teens with access to debit cards or savings accounts has led to increased financial independence, more responsible spending, and enhanced budgeting confidence [5][8] Group 5: Incentives for Saving - A significant finding is that over three-quarters of Gen Z would save more if they earned interest, prompting Cash App to expand its 3.5% APY savings feature for teens [6]

Core Viewpoint - The company, Cuiwei Co., Ltd. (stock code: 603123), has announced a collaboration between its subsidiary, Haike Rongtong, and Alibaba Cloud to implement AI-based document review and to develop AI smart payment solutions, enhancing the integration of artificial intelligence technology with digital payment systems [1] Group 1 - The partnership aims to leverage AI technology for document review processes [1] - The collaboration also focuses on AI smart payment initiatives [1] - This move signifies a strategic effort to merge AI capabilities with digital payment solutions [1]

新华财经上海11月14日电（李杨加） 近日，乌兹别克斯坦国家支付系统HUMO与蚂蚁国际旗下全球跨 境支付平台"支付宝+（Alipay+）"宣布达成合作，其用户在跨境消费时可直接以当地货币苏姆进行结 算，无需额外兑换货币，大幅简化了支付流程。此次合作不仅为当地消费者与商户开辟了全新跨境支付 渠道，更打开了该国数字支付领域的"机遇窗口期"。在政策红利、年轻人口与资本涌入的多重驱动下， 中企在数字支付技术解决方案、战略投资与商业场景赋能三方面迎来了广阔的出海机遇。 乌数字支付市场高速增长 二是战略投资与深度合作。当地领先的移动支付平台（如Click、Payme、Uzum）已积累了可观的用户 基础，但仍在持续发展和扩张中。对于希望快速切入市场的中国资本和企业而言，参股、合资或建立战 略合作伙伴关系是较为高效的路径。一方面能有效规避从零开始的高成本与高风险，另一方面能借助本 土团队的运营经验，实现优势互补，共同开发潜在市场。 在市场格局方面，乌兹别克斯坦主要的本地数字支付系统是国家支付系统UZCARD和HUMO，支持国 内无现金交易和转账。在无现金支付方式上主要有两类，一是移动支付。Click、Payme、Oson、P ...

Core Insights - The State Bank of Pakistan has released the "2024-2025 Fiscal Year Payment System Annual Assessment," highlighting the successful digital transformation of the country's payment system, with growth in retail payment transactions, payment infrastructure, and large-value payment transactions [1] Group 1: Retail Payment Transactions - In the 2024-2025 fiscal year, Pakistan completed a total of 9.09 billion payment transactions, with a total transaction value of approximately $6.482 trillion [1] - Retail payment transactions increased to 9.08 billion, representing a year-on-year growth of 38%, with a transaction value of $2.142 trillion, up 12% year-on-year [1] - Digital channel transactions accounted for about 8 billion, increasing its share from 85% to 88%, with a transaction value of $626.5 billion, making up 30% of the total retail payment transaction value [1] Group 2: Payment Infrastructure - The Raast system, Pakistan's first real-time payment system, has 45 million registered accounts and processed 1.276 billion transactions in the 2024-2025 fiscal year, a 157% increase, with transaction value rising from $40.495 billion to $103.46 billion [2] - Seventeen banks, holding 97% market share, have integrated Raast's bulk payment functionality for corporate payments and salary disbursements [2] - The number of merchants supporting QR code payments doubled from 520,000 to nearly 1.1 million, with over 830,000 using Raast system QR codes for payments [2] Group 3: Large-Value Payment Transactions - The Pakistan Real-time Interbank Settlement Mechanism (PRISM) processed a total transaction value of $4.34 trillion in the 2024-2025 fiscal year, approximately 11 times the country's GDP [2] - Of the total transactions processed by PRISM, 72.5% were government securities settlements, 25.2% were fund transfers, and 2.3% were auxiliary settlements [2] Group 4: Future Opportunities - Despite the progress, the digital payment sector in Pakistan has significant room for improvement, with digital payments only accounting for 30% of total retail payment value, primarily concentrated in urban areas [3] - Rural and remote areas still rely heavily on bank branches or non-bank agents for counter transactions, indicating a need for enhanced infrastructure, financial literacy, and optimized regulatory frameworks to foster a healthy digital payment ecosystem [3]