数字金融是优化金融服务的有力抓手，也是推进科技金融、绿色金融、普惠金融、养老金融等领域 发展的重要支撑。习近平总书记指出，"金融是实体经济的血脉，为实体经济服务是金融的天职，是金 融的宗旨""金融机构要加快数字化转型，提高金融服务便利性和竞争力"。做好数字金融这篇大文章， 需推动金融与数字技术深度融合，延伸金融服务的广度和深度，提升服务实体经济质效，不断满足经济 社会发展和人民群众需求。 数字金融将大数据、云计算、区块链、人工智能等数字技术应用于金融行业，创造出新的产品、服 务和商业模式，有助于打破传统金融信息壁垒、拓展服务边界，让资金更精准、高效地流向实体经济， 为实体经济高质量发展提供有力支撑。 缓解金融服务信息不对称。传统金融服务存在信息不对称问题，金融机构无法准确评估企业和个人 信用风险，对抵押物有一定的依赖性，融资门槛较高。数字金融可以通过深度挖掘数据构建多维度信用 评估体系，为金融机构提供全面准确的客户信息，助力其精准把握企业有效需求和潜在风险，引导信贷 资金精准投向实体经济重点领域和薄弱环节，实现融资结构的优化。数字金融服务平台可以快速精准匹 配实体项目与金融资源，提升服务普惠性与渗透率，降低资 ...

随着AI中GPU含量的加大，25年美国早已寡头的云服务行业，开始冒出一堆新兴云公司。本篇，海豚君以新云之一CoreWeave来作为研究对象，来尝试理 解一下AI时代，基础云服务的生意模式、要素变化，以及CoreWeave是不是一个有长期价值，从事好生意的好公司。 而在下篇中展开定量角度，对公司的收入空间、成本结构、资金的投入产出等问题来判断目前节点，公司的投资性价比如何。 一、看待云计算商业模式的一种视角 首先，CoreWeave所属IaaS行业的商业模式——主要价值体现在整合上游供给，匹配下游需求，用大规模的需求来分摊机房建设和研发成本上。 1.1、需求的整合 这部分简单来说，就是共享机房。原本每个企业都需要IT搞一个机房，但单独建机房不仅成本高，而且利用率不高，比如电商用云高峰是在双十一，游戏 云用量暑假；视频用云是在下班后，而钉钉用云是在上班时。 一个公共机房，可以把使用云服务的谷峰和谷底都平滑掉，从而提高机房的产能利用率。并且，对云服务而言，客户数量越多，同时他们的需求曲线越多 样化（例如属于不同行业、处在不同时区等）就越好。（微软CEO Nadella在近期的电话会中，明确表述过类似的观点） 1.2 ...

加快发展数字经济，打造具有国际竞争力的数字产业集群，是发展新质生产力的重要举措。习近平总书 记指出："要大力发展数字经济，促进数字经济和实体经济深度融合，打造具有国际竞争力的数字产业 集群。"党的二十届四中全会《建议》对深入推进数字中国建设作出部署，提出"促进实体经济和数字经 济深度融合"。推动数字产业集群创新发展，能够充分发挥产业数字化和数字产业化的协同效应，是促 进实体经济和数字经济深度融合、构筑竞争新优势的重要路径。 作为实体经济和数字经济深度融合的一种组织形态，数字产业集群通过推动数字技术、数据要素与产业 集群的融合，形成跨界融合、协同创新、价值共生的新型产业生态系统。在遵循传统产业集群一般发展 规律的基础上，数字产业集群发展还呈现出一些新特征新形态。比如，在数字产业化的驱动下，一些以 数据为关键生产要素、以数字技术为重要驱动力的新兴产业逐渐实现集群化发展，成长为数字产业的集 群。这些集群多由软件和信息技术服务业等行业的数字化环节向外延生态扩展，通常带有很强的数字基 因，呈现出技术密集、创新活跃等特征。又如，在产业数字化的助推下，传统产业集群也通过应用数字 技术，对特定实体产业进行全方位、全链条升级与 ...

Group 1: Global Rankings and Company Performance - The Hu Run Global High-Quality Enterprises TOP 1000 list features 410 companies from the US, 158 from China, and 63 from Japan, with the US and China accounting for nearly 60% of the total [2] - Nvidia has surpassed Microsoft and Apple to become the world's most valuable company, valued at 3.28 trillion RMB, while Apple remains second at 2.86 trillion RMB [2] - Walmart is the highest revenue-generating company on the list, with an annual income of 4.8 trillion RMB, and Alphabet is the most profitable company, with a profit of 790 billion RMB [2] Group 2: Shenzhen and Regional Insights - Shenzhen ranks 11th globally with 15 companies on the list, an increase of 3 from the previous year, with 5 companies located in the Futian District [3] - The Greater Bay Area has 38 companies on the list, representing 24% of the Chinese companies, and the number of companies from Shenzhen is equivalent to that of South Korea [4][3] - Eight non-Chinese companies have established their China headquarters in Shenzhen, ranking fourth among Chinese cities, following Shanghai, Beijing, and Hong Kong [3] Group 3: Technology and Market Trends - The list highlights that artificial intelligence, semiconductors, and cloud computing are reshaping global corporate value, with 11 companies valued at over one trillion USD, up from 4 five years ago [6] - The top 10 companies have doubled in value to 184 trillion RMB, nearing the combined market capitalization of A-shares and Hong Kong stocks [6] - In the AI sector, Nvidia, Broadcom, and TSMC lead in computing power, while Alphabet, Microsoft, and Amazon dominate in software [6] Group 4: Notable Company Performances - TSMC and Tencent are among the best-performing Chinese companies, with TSMC increasing by 4.1 trillion RMB and Tencent by 2 trillion RMB [7] - Other notable performers include ByteDance (1.7 trillion RMB increase), Agricultural Bank (1.3 trillion RMB increase), and Alibaba (1.2 trillion RMB increase) [7] - Companies experiencing significant value declines include Meituan (decrease of 200 billion RMB) and Shein (decrease of 100 billion RMB) [7]

资料显示，金山云控股有限公司创立于2012年,作为中国知名的独立云服务商,业务范围遍及全球多个国 家和地区。2020年5月金山云在美国纳斯达克上市(股票代码:KC.NASDAQ);2022年12月,以介绍形式于香 港交易所主板完成双重主要上市(股票代码:3896.HK)。依托金山集团36年企业级服务经验,金山云坚持技 术立业,逐步构建了完备的云计算基础架构和运营体系,并通过与大数据、人工智能与边缘计算等先进技 术有机结合,深耕行业,提供超过150种适用于互联网、公共服务、数字健康、金融等领域解决方案,为 500+优质客户提供高品质云服务。 据交易所数据显示，12月16日，金山云(KC)开盘上涨2.72%，截至22:30，报11.135美元/股，成交67.4万 美元，总市值33.64亿美元。 财务数据显示，截至2025年09月30日，金山云收入总额67.97亿人民币，同比增长22.41%；归母净利 润-7.76亿人民币，同比增长56.15%。 本文源自：市场资讯 作者：行情君 ...

杰富瑞将网络安全公司Okta的目标价从90美元上调至125美元，评级从"持有"上调至"买入"。该行认 为，2026年身份识别和云计算市场将出现强劲增长，Okta是应对人工智能带来的身份挑战的先行者。 美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 ...

Group 1 - The company is a direct supplier to Tesla, focusing on robotics, industrial AI, industrial AR/VR, Industry 4.0, and smart manufacturing [2] - The company plans to invest up to 9 billion yuan in cloud computing services, integrating optical chips, cloud computing, big data, artificial intelligence, and smart storage [2] - The company's products have been utilized in major global sporting events such as the Qatar World Cup and the Paris Olympics, emphasizing its involvement in virtual reality, MiniLED, artificial intelligence, and ultra-high-definition video [2]

Core Viewpoint - Accenture (ACN.US) shares rose over 3% in pre-market trading, reaching $283.50, following an upgrade to "Buy" rating by Morgan Stanley analyst James Faucette, with a target price increase from $271 to $320 [1] Group 1: Company Performance - Analysts expect Accenture's total revenue for the first quarter of fiscal year 2026 to be between $18.5 billion and $18.6 billion, reflecting a year-over-year growth of approximately 4.5% to 4.9% [1] - The revenue growth is primarily driven by continued spending from enterprise clients on generative AI services and cloud transformation services [1] Group 2: Earnings Expectations - Analysts project Accenture's adjusted earnings per share (EPS) to be around $3.74, representing an expected quarter-over-quarter increase of approximately 23.4%, compared to $3.60 in the same period last year [1]

12月16日，胡润研究院在深圳市福田区发布《2025胡润全球高质量企业TOP1000》。这是胡润研究院第二次发布该 榜单。 据悉，本次榜单主要以企业市值或估值为依据，并综合考量创新能力、可持续发展、社会责任、市场影响力等多维 度指标，旨在甄选出全球价值最高的企业。上市公司市值按照2025年11月14日的收盘价计算，非上市公司估值参照 同行业上市公司或最新一轮融资情况进行估算。 数据显示，79%的胡润全球1000强企业价值比去年有所提升，其中171家是新面孔，只有21%的企业价值出现下降。 上榜门槛从去年的1400亿元人民币上升至1800亿元人民币，上榜企业的总价值高达785万亿元人民币。 英伟达成为全球价值最高公司 2025年胡润全球高质量企业前十名由美国科技巨头主导，其中英伟达、苹果、微软、Alphabet、亚马逊、博通、 Meta Platforms、特斯拉来自美国，沙特阿拉伯上榜的企业有沙特阿美，中国上榜的企业有台积电。 | | 前十名 | | | | | | --- | --- | --- | --- | --- | --- | | 排名 | 公司 | 价值(亿元人民币) | 涨幅 | 主要行业 | ...

Core Insights - The 2025 Hurun Global High-Quality Enterprises TOP 1000 list highlights the highest valued companies globally, focusing on market capitalization, innovation, sustainability, social responsibility, and market influence [1][7] - 79% of the companies on the list saw an increase in value compared to the previous year, with 171 new entrants and only 21% experiencing a decline [1] - The total value of the listed companies reached 785 trillion RMB, with the entry threshold rising from 1.4 trillion RMB to 1.8 trillion RMB [1] Group 1: Top Companies - Nvidia is now the highest valued company globally, valued at 328.3 trillion RMB, with a 49% increase driven by demand for AI chips [4][5] - Apple remains in second place with a value of 286 trillion RMB, benefiting from strong device and service revenues, while Microsoft dropped to third with a value of 268.8 trillion RMB, growing 13% [4][5] - Alphabet ranks fourth with a value of 239.5 trillion RMB, up 48%, followed by Amazon at fifth with 180.1 trillion RMB, reflecting improvements in e-commerce and AWS [4][5] Group 2: Notable Trends - Saudi Aramco, the highest valued energy company, saw an 8% decline in value to 118.3 trillion RMB due to a weak oil market [5] - Broadcom entered the top ten with a remarkable 118% increase, reflecting the semiconductor boom and AI demand [5] - Tesla re-entered the top ten with a 115% increase, valued at 95.3 trillion RMB, driven by strong demand for electric vehicles and AI integration [6] Group 3: Chinese Companies - China has 158 companies on the list, with TSMC leading at 105 trillion RMB, a 64% increase, followed by Tencent at 53.3 trillion RMB, up 62% [8][9] - ByteDance saw a 99% increase in value to 34 trillion RMB, while Agricultural Bank of China grew 85% to 28.9 trillion RMB [8][9] - Notable mentions include Alibaba, which increased by 77% to 27 trillion RMB, and CATL, which surged 126% to 18.6 trillion RMB [9] Group 4: Geographic Insights - Beijing remains the top city with five new companies, followed by Tokyo and New York, while San Francisco and Houston also saw significant representation [10] - The growth of AI, semiconductors, and cloud computing continues to drive value in major tech hubs [10] Group 5: AI Sector Growth - The AI sector has shown exceptional growth, with 11 companies valued at over a trillion RMB, compared to only four in 2020 [11][12] - The top ten companies' total value nearly doubled from 69 trillion RMB in 2020 to 184 trillion RMB [12] - Nvidia, Broadcom, and TSMC lead in computing power, while Alphabet, Microsoft, and OpenAI dominate in software [12][13]