智能投顾领域的先驱之一Wealthfront已正式申请首次公开募股（IPO），加入了金融科技公司上市的浪 潮。 根据周一向美国证券交易委员会（SEC）提交的文件，这家总部位于加州帕洛阿尔托的公司计划在纳斯 达克上市，股票代码为"WLTH"。此次 IPO 由高盛集团和摩根大通公司牵头。 文件显示，截至7月31日，Wealthfront的平台资产规模为882亿美元。尽管公司营收实现了增长，但由于 税务项目的变动，其最新报告期的净利润出现下滑，这为投资者评估其真实盈利能力带来了更多考验。 营收增长但净利润下滑 根据向SEC提交的文件，Wealthfront在截至2025年7月31日的六个月内，营收为1.756亿美元，相较于 2024年同期的1.459亿美元实现了稳健增长。然而，公司的净利润却呈现出相反的走势，从去年同期的 1.323亿美元大幅收缩至6070万美元。 造成这一变化的关键在于税务项目。文件明确指出，今年上半年公司产生了1330万美元的所得税准备 金，而去年同期则受益于一笔5410万美元的税收优惠。若不考虑这一因素，公司的核心盈利能力依然在 改善。 专注年轻客群的自动化投资平台 作为智能投顾领域的早期参与 ...

赢时胜今年以来股价跌20.83%，近5个交易日跌1.71%，近20日跌10.06%，近60日跌15.06%。 资料显示，深圳市赢时胜信息技术股份有限公司位于广东省深圳市福田区华富街道莲花一村社区皇岗路 5001号深业上城(南区)T2栋3701，成立日期2001年9月3日，上市日期2014年1月27日，公司主营业务涉 及公司是致力于为金融机构及其高端客户的资产管理业务和托管业务提供整体信息化建设解决方案的应 用软件及增值服务提供商。主营业务收入构成为：服务费收入55.06%，定制软件开发和销售44.94%。 赢时胜所属申万行业为：计算机-软件开发-垂直应用软件。所属概念板块包括：互联金融、金融科技、 数字货币、Web3概念、华为鲲鹏等。 截至6月30日，赢时胜股东户数13.01万，较上期减少6.52%；人均流通股5084股，较上期增加5.84%。 2025年1月-6月，赢时胜实现营业收入5.78亿元，同比减少7.84%；归母净利润-7918.17万元，同比减少 46.22%。 9月30日，赢时胜盘中下跌2.11%，截至10:27，报21.82元/股，成交3.27亿元，换手率2.24%，总市值 163.87亿元。 ...

9月30日，广联达盘中上涨2.01%，截至10:19，报14.21元/股，成交1.55亿元，换手率0.69%，总市值 234.74亿元。 资金流向方面，主力资金净流入533.10万元，特大单买入947.60万元，占比6.13%，卖出784.25万元，占 比5.08%；大单买入3245.94万元，占比21.01%，卖出2876.20万元，占比18.61%。 广联达今年以来股价涨22.38%，近5个交易日涨5.81%，近20日跌2.27%，近60日涨7.33%。 今年以来广联达已经1次登上龙虎榜，最近一次登上龙虎榜为4月17日，当日龙虎榜净买入9653.61万 元；买入总计2.37亿元 ，占总成交额比22.56%；卖出总计1.41亿元 ，占总成交额比13.37%。 资料显示，广联达科技股份有限公司位于北京市海淀区西北旺东路10号院东区13号楼，成立日期1998年 8月13日，上市日期2010年5月25日，公司主营业务涉及公司为建筑行业工程项目建设信息化的软件企 业,主要业务为工程造价系列软件、项目管理系列软件的开发、销售和相关软件技术服务。主营业务收 入构成为：数字成本业务82.10%，数字施工业务11.21%， ...

盛天网络所属申万行业为：传媒-游戏Ⅱ-游戏Ⅲ。所属概念板块包括：Kimi概念、金融科技、小盘、数 字经济、AIGC概念等。 截至6月30日，盛天网络股东户数5.46万，较上期增加2.28%；人均流通股7297股，较上期减少2.23%。 2025年1月-6月，盛天网络实现营业收入6.33亿元，同比增长17.23%；归母净利润5230.43万元，同比增 长1186.02%。 分红方面，盛天网络A股上市后累计派现1.20亿元。近三年，累计派现4023.31万元。 机构持仓方面，截止2025年6月30日，盛天网络十大流通股东中，华安媒体互联网混合A（001071）位 居第二大流通股东，持股1641.15万股，相比上期增加229.64万股。华夏中证动漫游戏ETF（159869）位 居第三大流通股东，持股934.49万股，相比上期增加174.96万股。华安景气领航混合A（017303）位居 第四大流通股东，持股543.54万股，相比上期增加90.38万股。香港中央结算有限公司位居第五大流通股 东，持股474.25万股，相比上期增加122.73万股。华安沪港深外延增长灵活配置混合A（001694）位居 第六大流通股东，持股 ...

9月30日，同花顺盘中下跌2.00%，截至10:01，报372.00元/股，成交15.23亿元，换手率1.47%，总市值 1999.87亿元。 资金流向方面，主力资金净流出7661.42万元，特大单买入2.20亿元，占比14.43%，卖出2.71亿元，占比 17.79%；大单买入4.33亿元，占比28.40%，卖出4.58亿元，占比30.07%。 同花顺今年以来股价涨30.80%，近5个交易日涨3.63%，近20日跌3.09%，近60日涨35.32%。 同花顺所属申万行业为：计算机-软件开发-垂直应用软件。所属概念板块包括：互联金融、彩票、数据 要素、金融科技、区块链等。 截至6月30日，同花顺股东户数8.68万，较上期减少2.77%；人均流通股3175股，较上期增加2.84%。 2025年1月-6月，同花顺实现营业收入17.79亿元，同比增长28.07%；归母净利润5.02亿元，同比增长 38.29%。 分红方面，同花顺A股上市后累计派现79.91亿元。近三年，累计派现41.93亿元。 机构持仓方面，截止2025年6月30日，同花顺十大流通股东中，香港中央结算有限公司位居第三大流通 股东，持股1229.71 ...

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, announced it has acquired Smith Consulting Group (SCG), an operational consulting service utilized by community banks and credit unions across the US.SCG provides deep subject matter expertise and in-market support to Fiserv clients seeking consultative engagement to “enhance their strategic investments in core and surround solutions.”Financial terms of the transaction “were not disclosed.”The addition of SCG reinforce ...

证券时报记者 陈雨康 9月29日，为期五天的第四届全球数字贸易博览会（简称：数贸会）在杭州落下帷幕。这场吸引了1.1万 多名国际客商的盛会，不仅是世界洞察中国数字经济的一扇窗户，更架起了中外通过数字贸易紧密联通 的"合作之桥"。 数字贸易已成为中国经济的亮丽名片。数贸会期间发布的《中国数字贸易发展报告2025》显示，2025年 上半年，中国可数字化交付的服务贸易1.5万亿元，同比增长6%；跨境电商进出口1.32万亿元，同比增 长5.7%，规模再创历史同期新高……中国数字服务贸易增速远高于全球平均水平，成为在全球范围内 数字服务贸易增长速度最快的经济体。 纵观中国数字贸易的底座，技术领先、市场庞大、产业链齐全等共同构成了核心竞争力。尽管坐拥无可 比拟的优势，中国自始至终都拒绝"零和思维"，并成为了多边主义的坚定拥护者。本届数贸会上展示的 人工智能、智慧物流、金融科技等领域的"中国方案"，也是全球公共产品，将助益发展中国家实现数字 化升级。 例如，中非数字贸易，正有力地促进非洲大陆经济社会发展。通过跨境电商，埃塞俄比亚咖啡、卢旺达 辣椒酱、肯尼亚红茶、加纳巧克力、坦桑尼亚腰果等优质非洲产品进入中国市场。同时，多边 ...

Performance Overview - Baron FinTech Fund rose 9.26% in the quarter ended June 30, 2025, underperforming the FactSet Global FinTech Index which gained 13.82% [3][4] - Since inception, the Fund has achieved a 12.53% annualized return compared to 4.55% for the Benchmark [3][4] Market Conditions - U.S. equity markets experienced gains amid volatility, influenced by President Trump's tariff announcements and subsequent negotiations [5] - The "Magnificent Seven" stocks led the S&P 500 Index gains, appreciating over 20% during the quarter [6] Fund Performance Analysis - Underperformance against the Benchmark was attributed to stock selection in Information Services, Payments, and Tech-Enabled Financials [7] - The Fund's high exposure to Financials, which lagged the broader Index by over 5%, also contributed to underperformance [7] Sector Performance - Information Services faced widespread weakness, particularly from Fair Isaac Corporation and Verisk Analytics due to regulatory pressures and market rotation [8] - Payments sector was negatively impacted by Fiserv's weaker-than-expected earnings and slowing payment volumes [9] - Tech-Enabled Financials saw declines in insurance holdings, reflecting a market shift away from defensive sectors [10] Top Contributors - Robinhood Markets was the largest contributor, benefiting from increased trading activity and new crypto-related products [11][13] - MercadoLibre reported strong results with revenue up 37% and total payment volume up 72% [12][14] - Intuit's shares rose after better-than-expected quarterly results, with revenue growing 15% [15] Top Detractors - Fiserv detracted from performance due to concerns over Clover's payment volume growth [16] - The Progressive Corporation faced investor concerns about premium growth moderation despite strong performance metrics [17] - Clearwater Analytics saw a decline in shares despite solid earnings, as investors sought assurance on integration of recent acquisitions [18] Portfolio Structure - As of June 30, 2025, the Fund held 46 positions, with the top 10 holdings representing 40.9% of net assets [20] - The Fund's investments are segmented into seven themes, with Tech-Enabled Financials at 28.0% and Information Services at 20.9% [21] Recent Activity - The Fund made a new investment in Ategrity Specialty Insurance, focusing on the less competitive E&S market [26][28] - Increased positions in The Charles Schwab Corporation and CME Group were noted due to improving fundamentals and market conditions [29][30] Outlook - The economic outlook has improved, with positive trade developments and stable consumer finance trends supporting the Fund's holdings [33] - The Fund remains focused on investing in competitively advantaged growth companies within the fintech sector [34]

Group 1 - The fourth Global Digital Trade Expo concluded in Hangzhou, attracting over 11,000 international business guests and showcasing China's digital economy as a significant global player [1] - The "China Digital Trade Development Report 2025" indicates that by mid-2025, China's digitally deliverable service trade is expected to reach 1.5 trillion yuan, a year-on-year increase of 6%, while cross-border e-commerce imports and exports are projected to hit 1.32 trillion yuan, growing by 5.7% [1] - China's digital service trade growth rate significantly outpaces the global average, establishing it as the fastest-growing economy in this sector [1] Group 2 - The digital trade between China and Africa is enhancing economic and social development on the continent, with African products like Ethiopian coffee and Kenyan tea entering the Chinese market through cross-border e-commerce [2] - There is a strong complementarity in digital fields between China and Africa, with vast cooperation potential in areas such as digital infrastructure and mobile payment systems [2] - Initiatives focusing on small and medium enterprises, digital infrastructure, and education are helping to bridge the digital divide in Africa, improving the quality of life for its citizens [2] Group 3 - Digital trade, as a new form of deep integration between digital technology and international trade, is becoming a common strategic choice for countries worldwide [3] - Despite the rapid development of digital trade, significant digital divides persist, particularly in developing countries where internet penetration and communication skills lag behind global averages [3] - China's initiatives like the "Silk Road E-commerce" and "Digital Silk Road" aim to provide developing countries with access to the benefits of the digital age, helping to narrow the digital divide and promote shared development [3]

Core Viewpoint - Digital trade has become a significant aspect of China's economy, showcasing its potential for growth and international cooperation through events like the Global Digital Trade Expo [1][2]. Group 1: Digital Trade Growth - During the expo, the "China Digital Trade Development Report 2025" was released, indicating that by the first half of 2025, China's digitally deliverable service trade is expected to reach 1.5 trillion yuan, a year-on-year increase of 6% [2]. - Cross-border e-commerce imports and exports are projected to hit 1.32 trillion yuan, reflecting a year-on-year growth of 5.7%, marking a historical high for the same period [2]. - China's digital service trade growth rate significantly outpaces the global average, positioning it as the fastest-growing economy in this sector [2]. Group 2: Competitive Advantages - China's digital trade is supported by technological leadership, a vast market, and a complete industrial chain, which together form its core competitive advantages [2]. - The country advocates for multilateralism and has consistently rejected a zero-sum mindset, promoting global public goods through its digital solutions in areas like artificial intelligence and fintech [2]. Group 3: International Cooperation - The digital trade initiatives are enhancing economic and social development in Africa, with products like Ethiopian coffee and Kenyan tea entering the Chinese market through cross-border e-commerce [2]. - Cooperation between China and Africa focuses on key areas such as small and medium-sized enterprises, digital infrastructure, healthcare, and education, aiming to bridge the digital divide [3]. - China's initiatives like "Silk Road E-commerce" and "Digital Silk Road" are designed to inject new momentum into the economy and help developing countries benefit from the digital age [3].