每经编辑｜金冥羽 董兴生 家住上海虹口区的46岁独居人士蒋女士，12月14日因病离世，但她的遗产不能用来购买墓地，引发舆论广泛关注。近日，她的善后事宜有了新进展。 虹口区民政局表示，预计12月底前举行告别仪式。12月22日，居委会将向法院申请确认遗产管理人，后续若区民政局被指定为遗产管理人，将依法清理遗 产、处理债权债务；剩余财产经法定程序后，将用于扶贫济困等公益事业。 蒋女士事件如同一面镜子，照出了正在变迁的人口结构中，作为独居群体的个体在最脆弱时刻，可能遭遇的制度性缺失。 最后是个体事前法律安排的高门槛与低普及。理论上，蒋女士可通过预先设立意定监护（指定可信赖的人在本人失能时代理事务）或订立详尽的遗嘱来避 免上述困境。但实践中，公众对此类法律工具知晓率低、设立过程复杂、心理上有忌讳，导致绝大多数人并未提前安排。 蒋女士的遭遇，绝非偶然的个例。在老龄化、少子化、"原子化"趋势并行的今天，类似结构的家庭（或非家庭）数量正在增长。她的故事是一个尖锐的预 警：我们的社会系统，是否准备好承接无数可能陷入类似境地的"蒋女士"？制度的优化，需要超越对单个环节的修补，进行系统性重构。 比如，可以建立针对突发失能成年人的" ...

Core Points - The 2026 National Civil Service Examination (国考) has a total recruitment of 38,119 positions, with a record number of 3,515,251 applicants, an increase of nearly 260,000 compared to the previous year, marking a historical high [1][5] - The average competition ratio stands at 92:1, with 3,207,060 applicants passing the recruitment unit's review [1][6] - The age limit for applicants has been relaxed, allowing candidates aged 18 to 38, and for 2026 graduates with master's and doctoral degrees, the limit is extended to 43 [2][3] Recruitment Data - The recruitment numbers and competition ratios for various agencies are as follows: - Tax Bureau: 25,004 positions, 2,362,629 applicants, competition ratio of 94.49:1 - People's Bank of China: 2,780 positions, 149,220 applicants, competition ratio of 53.68:1 - Customs: 2,763 positions, 228,616 applicants, competition ratio of 82.74:1 - Financial Regulatory Bureau: 2,459 positions, 129,240 applicants, competition ratio of 52.56:1 - Railway Public Security Bureau: 479 positions, 72,107 applicants, competition ratio of 150.54:1 [2] Policy Implications - The relaxation of age limits is seen as a response to the delayed retirement policy, suggesting a need for adjustments in recruitment criteria [3][4] - The adjustment reflects a broader trend in various regions, with several local governments already implementing similar age relaxations for public service examinations [4][5] - Experts suggest that this move could create a "demonstration effect" in the job market, encouraging a more inclusive approach to age in recruitment [5] Trends and Observations - The recruitment plan from 2019 to 2025 shows a steady increase in the number of positions, although the growth rate has slowed down, with a slight decrease of about 1,600 positions for 2026 compared to the previous year [5] - The tax system is expected to account for approximately 65.6% of the total recruitment, driven by a wave of retirements and the need for skilled professionals in finance, accounting, and technology [6] - The "public service examination craze" reflects a strategic career adjustment by graduates in response to economic changes, highlighting the stability and social recognition associated with civil service roles [7]

Group 1 - iShares Core MSCI Emerging Markets ETF attracted $5.8 billion in capital over four months following the "liberation day" policy announcement, with a 5.8% increase in assets, outperforming the 3.3% growth of the Vanguard developed markets ETF [2] - Emerging market policymakers have demonstrated market discipline, maintaining sustainable debt levels compared to developed markets, with countries like Brazil and India having sovereign debt to GDP ratios lower by 15-20 percentage points than G7 nations [2] - Emerging markets have made significant progress in financial deepening, industrial upgrading, and institutional optimization over the past decade, with Vietnam's manufacturing value-added to GDP rising to 25%, an 8 percentage point increase since 2015 [2] Group 2 - The expectation of Federal Reserve interest rate cuts has led to a weakening dollar index, creating a favorable environment for the revaluation of emerging market assets [3] - Emerging market stocks have shown a median excess return of 8%-10% relative to developed markets during periods of dollar decline, with the performance gap between emerging and developed market indices widening to 5% for the 2024-2025 cycle [3] - Institutional investors are reassessing emerging markets, with current risk premiums for emerging market stocks exceeding those of developed markets by 150 basis points, compared to a historical average of 100 basis points [3]

Market Overview - The market temperature indicator reflects the PE ratio percentile of corresponding indices over the past ten years, with a total value of 100% [1] - As of August 21, 2025, the Shanghai Composite Index and Shenzhen Component Index showed slight fluctuations, with the former increasing by 0.13% and the latter decreasing by 0.06% [1] Sector Performance - The top three sectors with net capital inflows include: - Retail: 350 million - Comprehensive: 127 million - Steel: 9 million - The sectors with the highest net capital outflows are: - Electronics: -9.703 billion - Machinery: -7.311 billion - Power Equipment: -5.750 billion [2] ETF Performance - The Chemical ETF showed a 0.70% increase, with a six-month rise of 11.20% [4] - The Financial Technology ETF increased by 1.04%, with a six-month rise of 17.37% [4] - The Consumer Leader ETF had a six-month increase of 4.19% [4] Financial Technology Sector - On August 21, 2025, the Financial Technology sector was notably active, with significant gains in digital currency and cross-border payment stocks, leading to a theme index increase of over 1% [6] - The influx of incremental capital and regulatory optimizations are expected to drive the Financial Technology sector's growth [6] Chemical Sector - The Chemical sector continued its upward trend, with the industry theme index closing up over 1% on August 21, 2025 [6] - The sector is anticipated to have significant upward elasticity due to the clearing of backward production capacity and an optimized competitive landscape [6]

Core Concept - The "Two Mountains" theory emphasizes the harmonious relationship between ecological protection and economic development, guiding urban construction towards high-quality development and improved living conditions for citizens [1][2][7]. Group 1: Urban Development and Ecological Integration - Urban construction must prioritize the "Two Mountains" theory, integrating ecological priorities and green development throughout planning, construction, and governance processes [1][2]. - The shift in urban development from large-scale expansion to enhancing existing resources necessitates a focus on ecological protection alongside urban growth [2][3]. Group 2: Green Transformation and Economic Growth - A green low-carbon transformation is essential for urban development, demonstrating that ecological protection and economic growth can mutually reinforce each other [3][4]. - The promotion of green industries and the application of renewable energy in urban infrastructure are key strategies for generating new economic growth points [3][4]. Group 3: Systematic Governance and Technological Support - Establishing a modern governance system for urban ecological environments is crucial, requiring a comprehensive approach and the integration of technology [4][5]. - The use of big data, AI, and IoT in urban governance enhances resilience and efficiency in managing urban infrastructure and public safety [4][5]. Group 4: Community Engagement and Public Awareness - Active participation from the community is vital for effective ecological governance, encouraging citizens to engage in environmental protection initiatives [5][6]. - Education and awareness campaigns are necessary to instill a sense of responsibility towards ecological conservation among the public [5][6]. Group 5: Benefits to Citizens and Cultural Integration - Urban development should focus on enhancing public services and ensuring that citizens benefit from improved ecological environments [6][7]. - The cultural aspect of urban ecology, including the preservation of historical and natural heritage, contributes to the overall quality of life and community identity [7][8].