长江商报消息 如果为今年湖北的政府工作报告提炼一个关键词，我们认为是"正确政绩观"。 这与近期党中央鲜明传导的信号息息相通，与省委反复重申的观点一脉相承，就为政之德、从政之道、 施政之要，进一步紧了螺丝。 开局之年、起步之时，"正确政绩观"何以重要、何以必要？它将框定什么、激发什么、造就什么？不妨 从三个词来认识。 第一个词，价值共识。 政绩是事实判断概念，指向党员干部在履职过程中产生的具体实践成果，是可以直观呈现的"事功"。 政绩观是价值判断概念，是隐藏在政绩实践背后的"认知范式"，像"方向盘"一样，决定着政绩创造的路 线。 毛泽东同志曾说，"每句话，每个行动，每项政策，都要适合人民的利益，如果有了错误，定要改正， 这就叫向人民负责。" 邓小平同志曾讲，"对我们这个集体，人民基本上是满意的，主要是因为我们搞了改革开放，提出了四 个现代化的路线，而且真正干出了实绩。" "为人民出政绩、以实干出政绩"，习近平总书记的这句话，我们都很熟悉。 置身百余年党史，立足中国共产党的性质宗旨、历史使命、执政根基，我们就能知道，人民性是正确政 绩观的价值标尺。 细看今年湖北的政府工作报告，每一项工作背后都有价值共识在牵引。 ...

党的二十届四中全会提出，"持续增强发展动力和社会活力"。社会活力不仅是经济社会发展的晴雨表， 更是文化生命力的集中体现。它既表现为社会有机体的繁荣有序，也折射出文化生命体的精神气象。文 化创新作为涵养民族精神、增强社会活力的内生动力，是推动社会活力从自发走向自觉、由表层延至深 层的价值引擎。必须明确，文化创新是在坚守中华文化立场、传承优秀文化基因、坚持社会主义先进文 化前进方向这一"守正"基石上的"创新"。惟其如此，创新才能真正为增强社会活力创造不竭动能。 优化文化创新激发社会活力的路径 首先，夯实价值共识支柱，破解信任构建的窄化困境。 该困境主要体现在一些领域创新源头的同质化与意义分发的茧房化。在供给侧，过度指标化的绩效管理 与市场短期回报的强激励，无形中诱导创作主体陷入偏于守成的路径依赖。无论学术研究、文艺创作还 是媒体生产，对"成功模板"与"流量密码"的竞逐，不利于真正具有探索精神的表达。文化产品的内核趋 同会削弱文化生产的多样性，难以回应社会结构多元化带来的复杂价值诉求，导致支撑社会信任的共同 文化根基被削弱。在需求侧，基于用户偏好的算法精准投喂，持续强化既有观念，将个体包裹在舒适的 同质信息环境中。 ...

Core Insights - The essence of successful film financing lies in achieving a value consensus between financing parties and investors, which requires a clear understanding of financing misconceptions, deep comprehension of capital demands, and a commitment to the logic of "risk-sharing and value co-creation" [1] Financing Misconceptions - The first misconception is the "hype-driven" speculative trap, where some financing parties rely on star power or IP hype, neglecting the project's essence. For instance, a fantasy film raised 200 million yuan based on its "Eastern Fantasy Universe" concept but failed due to script flaws, with only 15% success rate for projects driven solely by hype in 2023, while content-focused projects had an ROI exceeding 30% [2][3] - The second misconception is the "self-indulgent project" blind spot, where creators prioritize personal expression over commercial logic, leading to a lack of investor interest. A director's insistence on a 190-minute runtime without adjusting narrative pacing resulted in financing failure, highlighting that film financing is about "value investment" rather than "project selection" [2] - The third misconception is the naive notion of "capital charity," where emotional narratives like "revitalizing Chinese animation" are used to appeal to investors while avoiding core issues like cost control. In 2022, 90% of institutions required a clear cash flow model in business plans, with only 12% of projects successfully financed based solely on "creative highlights" [3] Investor Core Demands - Understanding investor decision-making logic is crucial to overcoming financing challenges, focusing on a "verifiable value loop" across three dimensions [5] - The first demand is risk control, where investors prioritize "risk lower limits" over "return upper limits." They prefer proven operators, as seen with Ning Hao's Bad Monkey Pictures, which saw a 40% increase in financing efficiency after the success of "Dying to Survive" [6] - The second demand is measurable returns, requiring the translation of "creative vision" into "business language." Investors need to identify target users, funding sources, and growth potential, as demonstrated by the positioning of "Better Days" targeting 120 million potential viewers [7] - The third demand is industry synergy, where top investors seek projects with "ecological value." Disney's investment in "Star Wars" aimed to supply content for theme parks and streaming platforms, illustrating that capital pursues not just individual project returns but strategic opportunities aligned with their resources [8] Achieving Value Consensus - The essence of financing is the alignment of objectives between financing parties and investors through three forms of "synchronous resonance" [9] - The first form is a shared underlying logic, where successful financing cases exemplify the coexistence of commercial logic and artistic expression. For example, Ang Lee's team allocated 70% of the budget for visual effects to enhance commercial appeal while retaining creative freedom [9] - The second form is a risk-sharing mechanism, where financing is viewed as a cooperative effort rather than a zero-sum game. The "Wolf Warrior 2" case illustrates this with a box office profit-sharing agreement that attracted multiple investors [9] - The third form is a long-term value consensus, where top financing is seen as "strategic investment" rather than "short-term speculation." Disney's acquisition of Marvel highlights the potential for full industry chain development, with cumulative revenue exceeding 22 billion USD over ten years [10]

Core Insights - Financial communities are evolving into key hubs connecting listed companies and capital markets, surpassing traditional information disclosure methods [1] - Effective operation of financial communities influences a company's market image, valuation, and long-term impact [1] Group 1: Image Building - Financial communities provide a platform for companies to showcase their "personality" and "vitality," allowing for dynamic representation beyond formal announcements [3] - Regular engagement in community discussions helps companies establish a professional image based on content depth, which is more persuasive than traditional advertising [3] Group 2: Investor Relations Upgrade - Financial communities facilitate direct dialogue between companies and a large number of retail investors, moving from one-way disclosure to two-way empowerment [3] - Timely responses to investor inquiries and proactive sharing of industry impacts can mitigate information asymmetry and build trust [3] Group 3: Public Opinion Guidance and Crisis Management - Financial communities possess rapid information flow and monitoring capabilities, essential for managing market expectations and stabilizing stock prices [4] - Companies can quickly clarify misinformation through community channels, restoring rational discourse and filling information voids [4] Group 4: Value Dissemination and Discovery - Key information like financial reports and contracts can reach a broader investor base through secondary dissemination in financial communities [8] - Discussions and analyses among investors within these communities can uncover previously unrecognized value points, contributing to a collaborative value creation process [8] Group 5: Strategic Partnership Importance - Effective operation of financial communities offers deeper value beyond mere information disclosure, including image shaping, trust deepening, opinion guidance, and value discovery [9] - Partnering with experienced service providers in this field is crucial for companies to enhance their capital market influence in the digital age [9]

Group 1: Economic Trends and Insights - The current consensus on gold reflects a collective expression of concern over potential extreme risks, indicating a shift in the traditional credit system and the beginning of a new order [3][4] - The evolution of value consensus is not eternal and changes with generational shifts, as younger generations redefine consumption and investment preferences [5][6] - The global economy is at a critical juncture, requiring a breakthrough technology to drive productivity and escape current challenges, with AI emerging as a clear technological path [7][8] Group 2: AI and Its Impact - The AI industry has transitioned from concept exploration to application explosion, marking a significant shift in market focus from upstream computing power to downstream vertical applications [8][9] - The development of AI is an irreversible trend, and individuals must learn to utilize AI to remain competitive in both personal and investment markets [9][10] - The potential for AI to achieve self-production could lead to significant employment impacts, particularly in industries where AI can automate processes [10] Group 3: Demographic Changes and Consumption Patterns - Individual consumption willingness and capital expenditure capabilities are closely linked to the demographic lifecycle stage, with younger generations driving growth in certain consumer sectors [11][12] - The aging population and wealth distribution will influence various economic phenomena, including real estate and investment preferences [11][12] - Understanding the cyclical nature of population dynamics is crucial for grasping broader economic trends and their implications for investment and consumption [13]

Group 1 - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou on September 23-24, focusing on the theme "New Pattern, New Path" and gathering global political, business, and academic elites to explore development opportunities amidst changing circumstances [1] Group 2 - Economist Fu Peng discussed the shifting perceptions of value across generations, illustrating that items considered valuable by older generations may not hold the same significance for younger people [3] - Fu Peng emphasized that the consensus on value is not static and has evolved historically, citing examples from shells to bronze, and ultimately to gold, which became a global standard mainly after World War II [3] - Understanding the changing recognition of value over time and among different demographics is crucial for insights into the future trends of gold [3]

Group 1 - The core argument is that the speculative bubble in the collectible toy market, particularly around Labubu, is rapidly deflating as the consensus on its value dissipates, leading to significant price drops [2][10][12] - The price of Labubu collectibles has seen a drastic decline, with the stock price of Pop Mart dropping 7.5% to below 300 HKD, and previously high resale prices for Labubu collectibles falling to half their original value [2][10] - The market for collectible toys is shifting from speculation to rational collection, indicating a change in consumer sentiment and demand dynamics [2][10] Group 2 - The initial high auction prices for Labubu collectibles were driven by speculative investment rather than genuine interest, similar to practices seen in antique auctions [3][4] - The concept of value consensus is crucial for the sustainability of collectible prices; without a strong collective agreement on value, prices are likely to fall [5][10] - The collectible toy market, including Labubu, faces challenges in maintaining value due to the lack of inherent utility and the rapid changes in consumer interest [10][12] Group 3 - The comparison between the collectible toy market and the sneaker market highlights that both are subject to speculative bubbles, with sneaker prices also experiencing significant declines in recent years [10][12] - The need for Pop Mart to invest more in marketing and IP collaborations to sustain interest in Labubu may impact its profitability in the long run [12] - The dynamics of the collectible market suggest that it operates like a "hot potato" game, where the last holder may face significant losses as interest wanes [2][12]