《财经》年会2026：预测与战略暨2025全球财富管理论坛于2025年12月18-20日在北京举行。国家金融 与发展实验室副主任杨涛指出，财富管理是普惠金融的首要突破方向。当前我国居民财产性收入占比偏 低，且多集中于存款与固定收益产品，权益类产品参与度不足，这与欧美国家存在显著差距。 他指出，数智化转型的核心价值之一，便是打破传统财富管理 "二八定律" 的局限，让中产阶级、低收 入群体及长尾人群也能享受到优质、低成本的理财服务，通过提升居民财产性收入，为扩大内需、实现 内循环构建良性体系。"普惠金融不应仅聚焦中小微企业支持，居民理财与财富管理的普惠化同样是金 融人民性的重要体现。" 他补充道。 谈及行业生态建设，杨涛提出 "生态协同性" 的重要命题。当前财富管理行业参与者众多，但多处于 "单打独斗" 状态，未能形成面向客户全生命周期的多元化服务体系。他认为，真正的生态应是不同主 体通过良性互动机制实现共赢，数智化技术为跨机构、跨场景的协同提供了可能，未来需进一步打破数 据壁垒与业务边界，构建覆盖产品、服务、风控等全环节的协同生态。 在技术赋能层面，杨涛强调数智化的核心作用在于 "降本增效" 与 "精准适配"。 ...

Core Insights - The rapid expansion of educational smart hardware is reshaping the organization of education, with hardware becoming a key entry point for learning across family, school, and community settings [1][12] - Recent funding of 200 million yuan in Pre-A round for Lingyuzhou highlights the trend of AI learning companions breaking through with scenario-based interactions [1][3] Family Segment - The family segment has seen the earliest and most concentrated changes, evolving from basic tools to comprehensive learning systems that address emotional support and cognitive development [1][2] - AI learning machines and tablets are integrating textbook synchronization, diagnostic exercises, and intelligent explanations, providing a complete learning path for families [2] - Specialized tools for specific subjects are rapidly gaining popularity, reflecting the shift from traditional to intelligent tools along the lines of "learning actions - function disassembly - technology reorganization" [2][3] School Segment - The transformation of educational hardware in schools is evident as it evolves from traditional tools to system-level facilities, enhancing teaching and management processes [6][8] - Smart blackboards and interactive devices are now central to classroom organization, enabling content access, interactive exercises, and real-time feedback [6][7] - The integration of smart grading devices and XR/VR teaching tools is reshaping the teaching process, allowing for quantifiable teaching behaviors and expanded understanding of abstract concepts [6][8] Community Segment - Community smart hardware must balance accessibility and low barriers while integrating educational functions [9][10] - Devices like smart reading machines and interactive whiteboards address the need for light educational experiences when parents cannot accompany their children [10] - Community education hardware is evolving from mere tools to comprehensive learning support systems, enhancing public education functions [11][12] Overall Trends - The evolution of educational smart hardware across family, school, and community settings signifies a shift from isolated tools to a cohesive learning support network [12] - The future competitiveness of educational hardware will focus on "scene adaptability" and "ecological synergy," enabling seamless data sharing and service integration across different educational environments [12]