2025年以来，各家上市银行对公业务与零售信贷1.43%的平均净息差水平，已低于全行业的1.51%的不 良率；同时行业马太效应强化，18家国股行以全中国0.38%的机构数量占据了全行业接近73%的净利 润。 当前复杂多变的经济环境与激烈的行业竞争下，中小银行面临着前所未有的压力与挑战—— 利差收窄、风险管控难度增大、客户需求日益多元化和数字化，传统运营模式已难以适应快速变化的市 场需求。 大行在周期困境中下沉至本土区域，更使得中小银行也面临着新的窘境： 新希望金融科技CEO徐志华则基于函数推演与数学建模，分享了市场机构对于当下零售信贷的常见误 区。 徐志华指出，零售信贷风险释放天然"非匀速"，有着资产分布单模型维度下核准客户呈现左偏、坏账从 低分向高分线性推进、核准客群整个生命周期的最终坏账率与模型分之间存在稳定且单调递减的关系三 个特征； 其最终推导的数学结果指向，随着时间的推移，累计坏账率的演变将呈现"初始阶段风险缓慢积累，随 后进入快速攀升期，最终又趋于平稳"的特点。 "风险变化天然有一个快速增长的阶段。"徐志华指出，"历史上不少银行一到这个阶段，看到月度风险 指标持续攀升，就仓促刹车、暂停业务，最终错 ...

Core Insights - The article highlights the increasing significance of WeChat Pay and WeChat Mini Programs in enhancing the travel experience for both Chinese tourists abroad and foreign visitors in China, particularly in the UK [2][3][4] Group 1: WeChat's Impact on Cross-Border Tourism - WeChat consumption transactions by overseas users increased by 34% during the summer of 2023 compared to the previous year, indicating a resurgence in cross-border travel [2] - The top five spending categories for tourists in China were dining, transportation, retail, tourism, and fashion, reflecting the growing interest in Chinese tourism [2] - WeChat Mini Programs have expanded to cover 92 countries and regions, spanning 103 sub-industries, showcasing their global commercial potential [4] Group 2: Technological Empowerment in Tourism - The Chinese tourism office in London emphasized the importance of technology in providing a convenient consumption environment for tourists, addressing payment limitations faced by both Chinese tourists abroad and foreign visitors in China [3] - The integration of WeChat Mini Programs in UK museums and popular tourist spots has improved the efficiency and experience of Chinese tourists, allowing for services like Chinese language guides and ticket purchases [3][4] - The number of overseas WeChat Mini Programs with monthly transaction volumes exceeding 10 million increased by 100% year-on-year in the first half of 2025, indicating rapid commercialization in global tourism [4] Group 3: Business Opportunities for UK Merchants - WeChat Mini Programs are becoming a key tool for UK businesses to tap into the Chinese market, lowering the digital entry barrier for small businesses [4] - UK merchants are increasingly adopting WeChat Pay to facilitate seamless transactions for Chinese tourists, enhancing their shopping experience [4] - The chairman of the British 48 Group expressed optimism about the WeChat ecosystem, noting that it allows small businesses to gain global consumer attention without complex system development [4]

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 在公募基金行业追求高质量发展的背景下，"新时代·新基金·新价值——北京公募基金高质量发展在行 动"的主题活动正在如火如荼进行中，公司总经理表示，益民基金数量金融实验室的成立与高效运行， 正是对高质量发展行动方案的积极回应，这也标志着益民基金正式踏上了"以AI为牵引的数量金融特色 发展之路"。益民基金将继续推进普惠金融高质量发展，推动公募基金行业转型升级，提升服务实体经 济能力，强化投资者教育与保护，为打造北京金融高质量发展新名片贡献力量。 风险提示：投资有风险，基金管理公司不保证基金一定盈利，也不保证最低收益。基金的过往业绩 不预示其未来表现。投资者投资基金时，请认真阅读基金合同、招募说明书、产品资料概要等法律文 件，了解基金的具体情况。市场有风险，投资需谨慎。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 体系化的科技驱动模式，是公司投研能力提升的核心驱动力。数量金融实验室的核心功能并非预测不可 预知的"黑天鹅"事件，而是基于海量的因子数据和独特的工学模型框架，动态筛选出符合严格标准的股 票。 以今年4月初的市场震荡行情为 ...

Core Viewpoint - The article highlights the successful integration of agricultural technology and community engagement in Danqiu Village, Guangzhou, to revitalize the local silk rice industry through a comprehensive approach that includes technology empowerment, full-chain development, and rural prosperity [6][40][64]. Group 1: Agricultural Technology Empowerment - Danqiu Village has established a team of 70 agricultural technology specialists to support the silk rice industry, integrating various agricultural departments to create a service system that addresses local needs [17][21][69]. - The team employs innovative mechanisms such as a district-level coordinator system and quarterly meetings to ensure effective service delivery and problem-solving for local farmers [24][25][70]. - Digital platforms are utilized for online consultations, enhancing communication and technical support for farmers, leading to significant improvements in agricultural practices [32][35][72]. Group 2: Full-Chain Development - The silk rice industry in Danqiu Village is undergoing modernization through a comprehensive approach that includes research, production, processing, and marketing [39][40]. - The establishment of high-end processing enterprises and the application of advanced technologies are crucial for enhancing the quality and value of silk rice products [42][46]. - Collaborative models such as order agriculture and village-enterprise partnerships are being explored to create a mutually beneficial relationship among stakeholders, ensuring that small farmers share in the value chain [49][50]. Group 3: Economic Impact and Future Plans - Farmers in Danqiu Village have seen an increase in income, with profits from rice cultivation rising from approximately 1,000 yuan to 1,650 yuan per mu [53][54]. - Future plans include further technological advancements in rice variety development and the promotion of ecological farming practices to enhance the sustainability and value of the silk rice industry [66][68]. - The agricultural technology team aims to continue improving service mechanisms and expand support for various agricultural entities, ensuring ongoing development and prosperity for the local community [71][74].

为期3天的2025中国文化旅游产业博览会于14日在武汉闭幕，本届博览会设置1个中央大 舞台，以及诗与远方、大美中国、文旅装备、国潮文创、时尚动漫等10个室内展区和1个户 外文旅IP展区，同期举办2场专业交流活动和5场交易洽谈活动，共吸引全国各地近2000家企 业参展参会，观众达22.5万人次，现场文化产品、旅游商品等交易额达1.7亿元，5场文旅产 业洽谈活动达成合作交易8.1亿元，文旅项目集中签约232.8亿元。 本届博览会展示内容丰富多彩。高科技的机器人表演、AR眼镜体验、沉浸式球幕空间 等项目引观众驻足。科技赋能成为本届博览会的最大亮点，依托机器人、沉浸式体验等前沿 技术，近年来文化新业态营业收入每年增长达10%左右，已经成为带动文化旅游产业高质量 发展的重要引擎。文旅IP主题展区汇聚北京环球影城、港迪、长隆乐园等顶流IP，6台主题 花车领衔的20台花车阵容，汇聚国内著名表演团队开展互动，现场氛围热烈。在国庆中秋假 期，文旅IP展演队伍的花车、近千名演员将组织巡游展演，让本届博览会热力不断。 编辑：赖俊 ...

Group 1 - The core idea of the article is the "Children's Eye on Urban Management" summer camp series, which aims to educate children about urban management and instill a sense of community responsibility through immersive experiences [1][6] - The summer camp includes various activities that allow children to experience modern technology in urban governance, such as visiting the "smart brain" of urban management and participating in drone demonstrations [2][4] - The program emphasizes environmental awareness and sustainable practices, including hands-on experiences with waste classification and resource recycling, showcasing the entire process from waste generation to treatment [3][4] Group 2 - The activities highlight the craftsmanship and professionalism of urban management workers, allowing children to learn about different roles and responsibilities within the urban management sector [4][6] - The initiative also focuses on humanistic care, with volunteers visiting families in need and providing support, thereby fostering a sense of warmth and community among participants [5][6] - At the end of the program, children receive certificates recognizing their participation, enhancing their sense of pride and connection to urban management efforts [6]

Group 1 - The 2025 China International Service Trade Fair and the 7th China Commercial Real Estate Brand Value Forum were successfully held, focusing on enhancing core functions and competitiveness in the commercial real estate sector [1] - Commercial real estate is a key carrier connecting business activities and urban spaces, reflecting the economic vitality and consumption capacity of cities [1][2] - Beijing's total office space has reached nearly 23 million square meters, with Grade A office space accounting for 12.88 million square meters, supported by over 640 industrial parks totaling 54 million square meters [2] Group 2 - Current challenges in China's commercial real estate market include insufficient effective demand, weak supply and demand performance, and a stable operating performance among leading enterprises [2][3] - The market is at a crossroads between "involution" and "evolution," with a need for companies to choose between price wars and leveraging brand, technology, and sustainability [3] - The demand for high-quality products is increasing, with a shift towards green, low-carbon, and smart offerings, indicating the arrival of a "good office" era [4] Group 3 - The focus on operational capabilities and brand building is essential for the mid-term outlook, as demand for commercial spaces becomes more intelligent, ecological, and human-centered [4] - Long-term brand value is crucial, as consumers are willing to pay a premium for brand value, necessitating standardized products and refined operations [4] - The forum included the launch of the "Comprehensive Evaluation Standards for Commercial Office Buildings (Revised Version)" and the release of the "2025 China Commercial Real Estate Brand Value Report" [4]

科技赋能成为本届博览会的最大亮点，依托机器人、沉浸式体验等前沿技术，近年来文化新业态营业收入每年增长达10%左右，已经成为带动 文化旅游产业高质量发展的重要引擎。 为期3天的2025中国文化旅游产业博览会今天（14日）在湖北武汉闭幕，本届博览会设置1个中央大舞台，以及诗与远方、大美中国、文旅装 备、国潮文创、时尚动漫等10个室内展区和1个户外文旅IP展区，同期举办2场专业交流活动和5场交易洽谈活动，共吸引全国各地近2000家企 业参展参会，观众达22.5万人次，现场文化产品、旅游商品等交易额达1.7亿元，5场文旅产业洽谈活动达成合作交易8.1亿元，文旅项目集中签 约232.8亿元。 （总台记者 赵继哲 许伟） ...

Core Insights - The forum focused on the theme of "New Patterns of Silver Economy and Comprehensive Health and Elderly Care Ecosystem," aiming to explore new paths, models, and mechanisms for the development of the health and elderly care industry in China [1] - The integration of technology and innovative systems is seen as crucial for promoting high-quality development in the elderly care industry [1] Industry Overview - The concept of the integrated elderly care industry is defined as a new industry form that centers on the comprehensive needs of the elderly, integrating resources from healthcare, elderly care, health management, culture, tourism, and finance through technological innovation [3] - This innovative model is transforming traditional elderly care services from fragmented offerings to a more platform-based, ecological, and one-stop service approach [3] Market Potential - The integrated elderly care industry is identified as a core consumption engine of the silver economy, meeting the rigid demands for health care and support services while also creating new consumption needs through integration with culture, tourism, and finance [3] - The industry acts as a powerful hub, driving upstream sectors like biomedicine and advanced manufacturing, while also fostering new professions such as health management specialists and elderly tourism planners [3] Technological Empowerment - New information technologies are constructing a "boundary-less" infrastructure for integrated elderly care, enabling a shift from "people seeking services" to "services seeking people" [4] - Innovations such as IoT, wearable devices, AI algorithms, and remote medical services are reshaping the delivery of elderly care services [4] Six Development Trends - The elderly care service is transitioning from labor-intensive to human-machine collaborative models, with AI and robots enhancing service efficiency and creating new high-quality employment opportunities [6] - The combination of age-friendly and intelligent renovations is creating new consumption scenarios, addressing safety, health management, and convenience for the elderly [6] - The emergence of elderly care robots is seen as a new infrastructure for the silver economy, with plans for pilot programs to promote their application in various settings by 2025 [6] - The rise of large integrated elderly care complexes signifies a new stage in industry development, offering comprehensive solutions for the elderly's medical, cultural, social, and residential needs [7] - Integrated technological innovations are entering an explosive growth phase, shifting the focus from reactive care to proactive intervention through advanced monitoring systems [7] - Technology platform companies are expected to dominate the new elderly care ecosystem, leveraging technology and data to create collaborative and win-win industry environments [8]

Group 1 - The core idea of the articles emphasizes the integration of technology into the 15th National Games in Guangzhou, showcasing innovative applications that enhance event management and urban development [1][6] - The Guangzhou competition area is implementing a "city through events" philosophy, creating a resource pool for technology projects and identifying application scenarios to meet empowerment needs [1][2] - A total of 35 advanced technology cases have been selected to empower various aspects of the event, including city management, event operations, and venue services, establishing a model for innovation across different fields [1][2] Group 2 - Notable technological advancements include the world's first L4 autonomous driving vehicle based on automotive-grade chips, which serves as a model for the autonomous driving industry in Guangzhou [2] - The "Wukong" robot, designed for live-line work in the power industry, has effectively reduced economic losses by over 10 million yuan by mitigating risks associated with high-altitude operations [2] - The integration of AR digital currency wallets with cultural experiences enhances cross-border payment convenience, contributing to the promotion of "Exciting Guangzhou" [2] Group 3 - Technological applications are deeply embedded in service, security, and experience aspects of the event, such as the "All Sports Guangzhou" app leveraging 5G and AI technologies [3] - The "Metaverse Sports Village" utilizes AI and digital human technology to create an immersive virtual event space, allowing audiences to experience the games beyond physical limitations [3] - A smart meteorological system provides precise weather forecasts every 12 minutes, ensuring safety for outdoor events like sailing and marathons [3] Group 4 - Guangzhou was awarded the World Smart City Award on September 4, highlighting the city's vitality and development driven by events and enterprises [4] Group 5 - The construction and operation of venues showcase a dual focus on sustainability and intelligence, utilizing recyclable materials and AI for efficient monitoring of critical infrastructure [5] - The smart management platform for sports venues has significantly reduced operational costs while ensuring effective event support and sustainable post-event operations [5] - Technologies aimed at assisting individuals with disabilities, such as navigation robots and real-time translation services, promote inclusivity and enhance participation in the games [5]