视频摘要：人民币汇率升破7.0，杀入"6字头时代"！ 但你是否发现，无论人民币涨或跌，某些声音的结 论总是惊人一致——"中国经济要崩溃了"？这背后的逻辑，真的成立吗？本期视频，我们将拨开舆论的 迷雾，进行一场直达本质的深度推演： 第一层：荒诞的"双标剧本"——复盘"涨跌都崩溃"的神逻辑， 看情绪如何掩盖真相。⚖️ 第二层：跷跷板的两端——抛开偏见，看清汇率短期波动的真实操纵者："美 元潮汐"的巨浪如何起伏。 第三层：魔幻的购买力现实——为什么100美元在西方捉襟见肘，在中国却 堪称"巨款"？外国博主的亲眼所见，正在为人民币价值重估写下最生动的注脚。️第四层：崩塌的信任 与"新通道"——当SWIFT成为武器，美债化身"恐怖情人"，全球资本在恐惧什么？CIPS、金砖支付… 终极答案：从"信用纸"到"提货券"——人民币升值的深层底气，源于它正从一张金融契约，转变为对 "全球最强实体经济"的优先提货权。这不仅是数字变化，更是一场关于未来世界 "安全感"来源 的静默 革命。透过汇率数字，看见国运博弈的底层逻辑。 责任编辑：郭建 责任编辑：郭建 人民币升值不是利好，也不是利空，而是一次全球规则切换！ 人民币升值不是利好， ...

Core Viewpoint - The company, Shanghai Steel Union, is focusing on enhancing its role in the financial support for the Western Land-Sea New Corridor, particularly in areas of RMB pricing, cross-border payments, and digital financial cooperation [1]. Group 1: RMB Pricing - The company has already implemented RMB pricing and settlement for iron ore and plans to expand this to additional products and scenarios [1]. - It aims to increase the proportion of RMB settlements in platform transactions to a target ratio and incremental scale over the next 6-12 months [1]. - Currently, over 30% of China's imported iron ore transactions are settled using the Mysteel iron ore price index published by the company [1]. Group 2: Cross-Border Payments and CIPS - The company has not yet partnered with banks to access CIPS or to conduct cross-border RMB agency clearing [1]. - The Mysteel coal index is used as the settlement benchmark for all coking coal imported from Russia to China [1].

格隆汇12月3日丨长亮科技(300348.SZ)在投资者互动平台表示，公司在跨境支付领域已经有产品布局， 有包括CIPS在内的二代支付系统相关解决方案与产品，并已经为国内多个大型商业银行提供了相关的 场景解决方案，能够解决基于CIPS的跨境支付场景需求。 ...

Financial Performance - The company achieved a net profit attributable to shareholders of 58.15 million yuan in Q1 2025, representing a year-on-year increase of 81.1% [3] - The non-recurring net profit attributable to shareholders was 55.32 million yuan, up 77.0% year-on-year [3] - The gross profit margin reached 27.8%, an increase of 1.4 percentage points compared to the previous year [3] - The net profit margin was 11.0%, reflecting a year-on-year increase of 5.7 percentage points [3] Client Composition - Large banks contribute approximately 50% of the main business revenue, with state-owned commercial banks, joint-stock banks, and policy banks being the primary contributors [3] - Small and medium-sized banks and rural credit cooperatives account for about 30% of revenue [3] - Revenue from overseas banks grew by 241% year-on-year, reaching 27.53 million yuan [3] Product and Solution Revenue - Revenue from banking IT products and solutions accounted for over 80% of total revenue, with a gross margin exceeding 26%, up 3.5 percentage points year-on-year [3] - Non-banking IT products and solutions contributed approximately 15% of revenue, with a year-on-year growth of 135% [3] - The innovative operations business began generating revenue from overseas digital banking clients, with a gross margin close to 80% [3] Cross-Border Payment Capabilities - The company is involved in three main areas of cross-border payment: infrastructure, institutional level, and e-commerce [4] - It has experience and technical capabilities in serving key financial infrastructures supervised by the People's Bank of China [4] - The company is actively following developments in CIPS and mBridge [4] AI Business Developments - The company focuses on applying AI to enhance client business capabilities, particularly in the banking sector [7] - AI products have been successfully implemented in several city commercial banks, utilizing a SaaS subscription model [8] - The company is responding to the needs of various banks and non-bank clients, facilitating POC testing and case implementations [7] Overseas Business Expansion - The company successfully expanded its overseas business into Southeast Asia and secured a client in Europe [9] - There is a significant demand for upgrading traditional IT architectures among overseas banks, providing opportunities for the company [9] - The company employs a dual strategy of upgrading existing systems and connecting with emerging financial needs in mobile internet ecosystems [10]

Group 1 - Chinese state-owned funds are halting new investments in US private equity as a response to the trade war initiated by President Trump [1] - The LPR (Loan Prime Rate) has remained unchanged for six consecutive months, indicating stability in monetary policy [1] - A-shares experienced a median increase of 1.38% with a trading volume of 1.07 trillion yuan, despite the Hong Kong market being closed [2] Group 2 - The US dollar index fell below the 99 mark, reaching a low of 97.96, driven by hedge funds selling the dollar against almost all currencies [3][4] - Gold prices surged, with spot gold nearing $3,400 per ounce, benefiting from the dollar's decline and increased demand for safe-haven assets [4] - Bitcoin saw a significant rise, increasing nearly $2,000 to surpass $87,000, marking its largest single-day gain since the "liberation day" [4] Group 3 - The G2 geopolitical dynamics are characterized as non-stable and non-normal, with a prediction that negotiations will occur soon due to political pressures [4] - Investment opportunities are suggested in core sectors benefiting from global supply chain restructuring, such as semiconductor materials and energy independence [4] - The A-share market saw collective gains across major indices, with the Shanghai Composite Index rising by 0.45% and over 4,300 stocks increasing in value [4] Group 4 - The paper industry experienced a surge due to a significant increase in the price of imported fluff pulp, which has risen nearly 50% since the onset of the tariff war [7] - The consumer sector is showing signs of rotation, but the overall fundamental support for consumption remains weak, limiting the potential for sustained rallies [10][11] - The recent approval of a new AI application for pet language translation indicates growing interest in AI technologies [6] Group 5 - The sodium-ion battery developed by CATL is set to be the world's first mass-produced sodium battery for vehicles, with impressive specifications including a 175 Wh/kg energy density and over 10,000 charge cycles [16] - Major contracts in the computing power sector have been signed, including a 4.41 billion yuan contract for computing services [17]

Market Overview - The market showed strength with a decrease in trading volume, with various concept stocks experiencing significant movements, particularly in the large aircraft and cross-border payment sectors [3] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closed up by 0.45%, 1.27%, and 1.59% respectively, with over 4,300 stocks rising and around 800 declining [3] Robotics Sector - The first humanoid robot marathon took place, featuring 20 teams competing over a half marathon distance, with the winning robot developed by Beijing Humanoid Robot Innovation Center and UBTECH Technology [6][7] - The performance of Yushutech's G1 humanoid robot, which fell during the race, sparked discussions about its capabilities, despite the company clarifying that it did not participate directly [8][9] - The humanoid robot sector saw a 3.5% increase overall, with stocks like Tian工 and Songyan Power experiencing significant gains [9] MCP Concept - The MCP (Multi-Context Protocol) concept, set to launch in November 2024, aims to standardize applications for large language models, simplifying AI integration and reducing development barriers [11] - The announcement of ByteDance's new AI collaborative platform, "Coze Space," which supports MCP integration, acted as a catalyst for the surge in related stocks [12] - Stocks such as Dongfang Materials and Hengfeng Information saw significant increases, with some reaching their daily limit [12] Cross-Border Payment (CIPS) - The CIPS concept saw a resurgence, with stocks like Hailian Jinhui and Xinyada hitting their daily limits after the People's Bank of China announced plans to enhance the CIPS system and expand its global network [14] - The CIPS sector closed up by 3.41%, reversing an earlier decline [14] Paper Industry - The paper sector experienced a surge following news related to "intellectual property construction," with stocks like Annie Co. and Huatai Co. hitting their daily limits [16][17] - The increase in paper stocks was linked to rising raw material costs, particularly for specialty paper pulp, which has seen price fluctuations of nearly 50% due to supply chain issues [20]