Core Insights - The 25th China International Investment and Trade Fair opened on September 8 in Xiamen, Fujian, attracting representatives from over 120 countries and regions, highlighting its significance as a national-level investment-themed exhibition [1][3] Investment Landscape - The fair serves as a crucial platform for attracting foreign investment while showcasing a profound shift in investment dynamics, with international capital showing increasing interest in the Chinese market [3] - Delegations from the UK, Middle East, Central Europe, and Latin America participated, indicating a positive outlook on China's market potential [3] - Chinese companies are also leveraging the fair to explore overseas opportunities, with PwC organizing teams from Hungary, Slovakia, Italy, and the UK to connect with Chinese enterprises [3][4] Investment Logic Transformation - There is a fundamental shift in investment logic, moving from "China as a market destination" to "China as a source of R&D," as many companies view China as a critical hub for global research and development [4][3] Challenges for Chinese Enterprises Going Global - Chinese enterprises face four main risks when expanding internationally: compliance risks, operational risks, cross-border coordination risks, and brand/public relations risks [5] - Compliance risks involve navigating local policies, safety requirements, and labor regulations, which are essential hurdles for companies venturing abroad [5] - Operational risks arise from significant differences in business logic across countries, necessitating adjustments in business models and product systems [5] - Cross-border coordination risks stem from cultural and institutional differences that can lead to various issues in operations between the home and investment countries [5] - Brand and public relations risks are critical, as the perception of a single company can reflect on the entire Chinese enterprise image in foreign markets [5] Strategies for Risk Mitigation - Private enterprises are adopting strategies to address these challenges by positioning "integrity" as a core value when going global, focusing on community integration and local development [5] - Upgrading cross-border management capabilities is essential, requiring a conscious restructuring of management frameworks, including equity structures and performance assessment systems [5] International Capital Trends - International capital is increasingly favoring AI, energy, and innovative pharmaceuticals, with AI leading investment trends across the entire value chain [6] - The energy sector is regaining attention, reflecting a global consensus on the importance of energy security and rising investment demand in this area [6] - Chinese innovative pharmaceuticals and business model innovation are emerging as new attractions for international capital, with many investors looking to acquire Chinese innovations for global commercialization [6] - The potential for investment in digitalization and the trend of Chinese companies integrating local capabilities for international management are also highlighted [6]

重新定义风险管理体 系 风险领导力的临界点 金融风险合规 | 重新定义风险管理 作者 金融风险合规 | 重新定义风险管理 大卫·迈亚 劳拉·布雷 奥斯南·卡兰 高级副总裁，财务风险合规主 高级执行董事，财务风险合规 总经理，财务风险合规 总经理，财务风险合规 管 本肖恩 内容 01 风险领导力的转折点 02 变化的三个维度 风险领导力的临界点 银行业正面临着要求风险管理发生代际转变的各种压力的融合。 加剧的经济波动性、地缘政治不稳定、快速的技术颠覆和不断变 化的监管环境，都迫使风险领导者重新评估并彻底重塑他们的模 型——这不仅是为了跟上步伐，更是为了在不确定性中引领。 下一代风险管理需求日益加剧。风险已成为高管议程的首要事项， 体现在过去五年北美银行和资本市场机构在业绩电话会议中对金融 和非金融敞口的提及数量持续增加。 0 5 10 15 20 25 30 35 40 图1：2020-2025年盈利电话中的风险提及 标准化提及 趋势线（多项式拟合） 相关关键词 - 风险的规范化提及 注意：基于埃森哲公司收入排名世界前3,000名的G 3000列表中确定的美国和加拿大银行及资本市场机构的业绩电话会议。 (N=8 ...

Group 1 - The core topic of the 2025 China International Service Trade Fair is how to unleash consumer momentum, with a focus on the emerging low-altitude economy as a significant growth opportunity for the consumer market [1][3] - The low-altitude economy is recognized as a strategic emerging industry, benefiting from unprecedented policy incentives and development opportunities, which are expected to drive explosive growth in this sector [1][2] - The rapid development of technology, including artificial intelligence, big data, and the Internet of Things, is reshaping consumer behavior and expectations, leading to a greater emphasis on consumer experience, brand values, and sustainability [1][3] Group 2 - KPMG's analysis of over 170 listed companies related to the low-altitude economy indicates that state-owned enterprises (SOEs) exhibit stronger growth resilience due to their larger scale and capabilities [2] - The report outlines four strategic recommendations for the development of the low-altitude industry by SOEs, including forming differentiated development advantages, playing a leading role in innovation, creating new application scenarios, and leveraging resource integration advantages [2] - SOEs are encouraged to enhance their innovation systems, focusing on high-quality technology supply, efficient results transformation, and building a high-level innovation ecosystem to strengthen their position in the industry chain [2]

人民财讯9月10日电，9月10日，德勤中国与香港大学正式签署协议成立AI实验室。德勤中国首席执行 官刘明华表示，该实验室将提供AI的实际应用解决方案。作为AI实验室的首项研究成果，双方联合发 布《人工智能采用调查》结果。报告显示，AI应用仍处于试验或早期采用阶段，深度不足，但尽管前 景仍存在不确定性，仍有近三分之一的企业计划将AI投资预算增加逾25%。 ...

普华永道发布观点称，企业出海需系统把握五大核心环节。一是研究与选址，应综合评估宏观环境、营商环境、物流、供 应链、成本、人力、政策及产业生态，关注财税优惠及外汇管制，科学预测风险与回报，确保决策可行；二是投融资规划，需 聚焦利润回流实际税率、境外税收抵免及架构重组，明确税收协定适用要求，统筹融资税务影响，保障合规高效；三是运营设 计，涵盖销售布局、关税与原产地分析、研发与无形资产安排、本地服务及常设机构风险管理，通过精细化运营平台和转让定 价提升资金安全与效率；四是落地实施，包括完成公司设立、ODI（境外直接投资）申请、关联交易定价、人员派遣与绩效激 励，履行财务、税务、数据、法律等方面的合规义务，并适时申请税收优惠；五是税务合规管理，应建立全球税务体系，制定 税制手册，依托专业合规申报和风控服务，保障全球税务合规。 本报讯 （记者张文湘 见习记者占健宇）9月8日至11日，第二十五届中国国际投资贸易洽谈会在厦门举行。会议期间，普 华永道举办了"出海热门国家投资环境洞察与税务筹划实务"专题分享会，旨在助力中国企业精准把握全球投资机遇，有效规避 税务风险，实现稳健海外扩张。 （编辑 郭之宸） ...

Core Insights - A prediction by Huron Consulting Group indicates that up to 370 private colleges in the U.S. may close or merge in the next decade due to a continuous decline in student enrollment [1] - The projected closures are more than three times the number of nonprofit private colleges that closed in the previous decade, highlighting a significant trend in the higher education sector [1] - The decline in student numbers is attributed to a drop in birth rates starting in 2007, which has not reversed, with an estimated 13% decrease in graduates by 2041 compared to 2025 [1] Group 1: Current Trends and Predictions - Huron Consulting Group's analysis suggests that the impending closures and mergers will affect approximately 600,000 students and involve around $18 billion in endowment funds [1] - The report indicates that 430 institutions with over 1.2 million students and $134 billion in endowment funds are facing moderate survival threats [2] - The number of private nonprofit colleges that closed from 2010 to 2020 was 114, compared to only 59 in the previous decade, indicating a worsening trend [2] Group 2: Institutional Responses and Recommendations - Institutions are advised to develop plans to address enrollment challenges, such as diversifying student demographics through graduate programs, professional courses, and part-time offerings [2] - The urgency of planning is emphasized, with a warning that institutions with only three years of operational funding have less than a 50% chance of survival if they do not act early [2] - A recent study by the Philadelphia Federal Reserve suggests that a 15% sudden drop in college student enrollment could lead to an additional 80 college closures [2]

Core Viewpoint - The company announced a plan to grant restricted stock to an incentive target, He Wei, following the fulfillment of conditions that had previously delayed the grant [1] Group 1 - The company will hold its fourth board meeting on the 25th to review the proposal for granting restricted stock under the 2025 incentive plan [1] - The grant date is set for 2025, with a price of 16.83 yuan per share for 100,000 shares, representing 0.13% of the company's total equity [1] - The grant was previously postponed due to He Wei's share reduction before the grant date, but the conditions for granting have now been met [1] Group 2 - The maximum validity period for the grant is not to exceed, with a lock-up period of 12 months and 24 months, and the release of restrictions will occur in two phases, each at 50% [1] - Both legal and financial advisors have confirmed the compliance of this grant [1]

Group 1 - The 25th China International Investment Trade Fair (CITIF) will be held from September 8 to 11 in Xiamen, focusing on promoting investment and enhancing global cooperation in industrial and supply chains [1] - PwC will showcase its theme "Decoding Chinese Opportunities, Safeguarding Global Layout" at the CITIF, reflecting its mission to support Chinese enterprises in their global expansion [1] - Since its first participation in 2022, PwC has established a long-term partnership with CITIF, contributing to the flow of capital and resources and attracting foreign investment [1] Group 2 - PwC operates a global service model with a network covering 149 countries and regions, having established Chinese business teams in 45 countries to support cross-border operations [2] - The firm has dispatched over 100 professionals to more than 30 countries to assist Chinese enterprises in local market development, providing comprehensive lifecycle support from market entry strategies to project execution [2]

Group 1 - Yangzhou Xiangxian Technology Co., Ltd. has been established with a registered capital of 10 million yuan [1] - The legal representative of the company is Xie Yijun [1] - The business scope includes catering management, takeaway delivery services, and social economic consulting services [1] Group 2 - The company is wholly owned by Beijing Xiangxian Technology Co., Ltd., which is an affiliate of Xiaoxiang Supermarket [1]

Core Insights - The Shenzhen chain restaurant market has shifted focus from quantity of outlets to quality of service, emphasizing the need for consistent execution of standards across different locations [1][7] - A specialized mystery shopping approach has been developed to address the unique characteristics of Shenzhen's dining scene, ensuring that local preferences and operational standards are met [2][5] Group 1: Mystery Shopping Approach - The mystery shopping team consists of professionals with restaurant operation experience and local insights, focusing on specific metrics relevant to different dining formats such as fast food, casual dining, and hot pot [2][3] - Key performance indicators are customized for the Shenzhen market, covering the entire customer journey from arrival to departure, ensuring that service quality and efficiency are prioritized [3][5] Group 2: Standardization and Local Adaptation - The concept of standardization in Shenzhen's chain restaurants is not a one-size-fits-all approach; it involves integrating local adaptations within a unified framework to enhance customer experience [7] - The consulting firm provides actionable solutions for both individual stores and corporate headquarters, facilitating a feedback loop that drives continuous improvement in service standards [5][6] Group 3: Performance Metrics and Improvements - Specific metrics such as order accuracy, service response times, and food quality consistency are monitored, with significant improvements noted after implementing corrective measures [3][5] - For instance, a fast food outlet improved its service rate from 65% to 93% after addressing issues related to food preparation and staffing during peak hours [3][5] Group 4: Long-term Tracking and Reporting - The consulting firm conducts monthly follow-ups to assess the effectiveness of implemented changes, leading to an increase in service compliance rates and customer retention [5][6] - Quarterly reports are generated to identify trends and suggest adjustments to corporate policies, ensuring that the headquarters remains aligned with local market demands [5][6]