以下文章来源于中金研究院 ，作者CGI 中金研究院 . 中金研究院 (CICC Global Institute，缩写 CGI)作为中金公司一级部门，定位为新时代、新形势下的新型 智库，服务于中国公共政策研究与决策，参与国际政策讨论和交流，并为中国金融市场尤其是资本市场 发展建言献策。 乡村，是理解当代中国经济与社会发展的原点。 五年来，中金研究院跨越全国21省58县149个乡镇，走进300多个村庄，用脚步丈量土地，用纸笔 记录变迁。 数字化对乡村影响大，但谈不上结构性变化。它主要体现在产业数字化，销售渠道改变；还有数字治理，通过 村民群等方式实现治理，未来村庄概念变得模糊。另外，数字化生活渗透强，像抖音、快手等平台，农民尤其 是老年农民是主要用户，乡村风俗等内容成为他们精神生活和文化意义的重要源头。 Q 乡愁过去是少数人的专属，现在随着城市化推进，乡愁又有什么新变化和意义？ 现在乡愁扩大到全社会，十四亿人都有乡愁。过去是精英有乡愁，现在大多数人离开家乡后都有乡愁。通过数 字平台等，乡愁可能成为精神依托，对维持乡村秩序、社会稳定很重要，是深层文化基础和价值理念。 今年在研究基础上，中金研究院推出 《田野对谈》 ...

Core Viewpoint - Univest Securities, LLC announced the closing of a public offering of approximately $8 million for Chanson International Holding, a provider of bakery, seasonal, and beverage products in China and the United States [1][3]. Group 1: Offering Details - The offering consisted of 16,000,000 units priced at $0.50 per unit, each unit comprising one Class A ordinary share or a pre-funded warrant, along with Series A and Series B warrants [2]. - Each Series A and Series B warrant has an exercise price of $0.525 per Class A ordinary share and is exercisable starting from the issuance date until two and a half years after [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to open new stores in China and the U.S., with allocation based on market conditions [3]. Group 3: Company Overview - Chanson International Holding, founded in 2009, operates 63 stores in China and 3 in New York City, offering packaged bakery products, made-in-store pastries, and beverages [7]. - The company focuses on creating healthy, nutritious, and ready-to-eat food through advanced facilities and aims to provide a comfortable store environment for customers [7].

June 13, 2025 01:51 AM GMT Asia EM Equity Strategy | Asia Pacific Morgan Stanley Asia (Singapore) Pte.+ M Update Garner Alpha Bites (113): Asia vulnerability to oil price spike Brent oil is up US$5 this morning to US$75 per barrel after Israel confirmed it had launched strikes on Iran's nuclear facilities. Israel and Iraq have closed their airspaces. This comes at a time when markets had been trading close to our target prices. Our investment recommendations from our most recent note: Asia EM Equity Strateg ...

13 June 2025 | 12:47PM EDT Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Isabella Rosenberg +1(212)357-7628 | isabella.rosenberg@gs.com Goldman Sachs & Co. LLC c45a43530f604d12bcb9a82b5aa6b9f6 n Flows into mutual funds and related investment products showed net outflows from equities and robust inflows into bonds. n Net flows int ...

13 June 2025 | 7:27PM BST Global Rates Trader Inflation Offers Relief, Oil Offers Risks Inflation relief for global bond markets was short-lived as geopolitical tensions saw oil prices move sharply higher into the weekend. Even with some improvement in the underlying growth versus inflation trade-off and signs of duration risk appetite finding better footing, the macro impediments to a sharp move lower in US yields remain largely in place. Heading into the June FOMC decision, we continue to think any sustai ...

以下文章来源于中金公司CICC ，作者中金公司 中金公司CICC . 中国国际金融股份有限公司（中金公司）成立于1995年，致力于为多元化的客户群体提供高质量金融增值服务，建立了以研究和信息技术为基础，投资银 行、股票业务、固定收益、资产管理、私募股权和财富管理全方位发展的均衡业务结构。 6月11日至13日，中金公司2025年中期投资策略会在上海成功举办。本次会议以"韧性与重构"为主题，来自政府机构、行业、学界的嘉宾和近500家上 市公司高管汇聚一堂，通过总量主题日的全体大会和之后两天的10场主题分会，围绕市场关注的中国经济与全球资产展望、地缘经济、AI大模型、具 身智能、新消费、高端制造等核心主题进行了前瞻讨论。活动现场，中金研究重磅专题《具身智能：AI下一站》《未来脉动：全球经济的国别视角》 《感受"带路"矿业的心跳》获得参会嘉宾的积极反馈，本次会议共吸引近4000人报名参会。 中金公司首席经济学家、研究部负责人、中金研究院院长彭文生，研究部执行负责人、首席策略分析师缪延亮，首席宏观分析师张文朗，美国宏观首席经济 学家刘政宁，国内策略首席分析师李求索，海外策略首席分析师刘刚发表主题演讲，展望2025年下半 ...

第 394 期 2025-06-13 央行发布2025年5月金融统计数据报告、5月社会融资规模存量和增量统计数据报告。 数据显示，5月末，广义货币(M2)余额325.78万亿元，同比增长7.9%。狭义货币(M1)余额108.91万亿元，同 比增长2.3%。前五个月人民币贷款增加10.68万亿元。前五个月人民币存款增加14.73万亿元。 初步统计，2025年5月末社会融资规模存量为426.16万亿元，同比增长8.7％。其中，企业债券余额为32.91 万亿元，同比增长3.4%；政府债券余额为87.39万亿元，同比增长20.9％。 2025年前五个月社会融资规模增量累计为18.63万亿元，比上年同期多3.83万亿元。其中，企业债券净融资 9087亿元，同比少2884亿元；政府债券净融资6.31万亿元，同比多3.81万亿元。 宏观动态 北交所宣布！暂免收取债券交易相关费用 北交所发布通知，为进一步激发市场活力，持续降低市场成本，提升服务实体经济质效，北京证券交易所 决定继续暂免收取债券交易相关费用。 其中，北交所发布的《关于发布的公告》（北证公告〔2023〕82 号，）有关暂免收取债券现券（不含可转换公司债券）交易经 ...

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Robinhood Markets, Inc. (HOOD) closed at $73.84 in the latest trading session, marking a -1.39% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.24%. Shares of the company have appreciated by 21.97% over the course of the past month, outperforming the Finance sector's gain of 2.88%, and the S&P 500's gain of 6.6%.The upcoming earnings release of Robinhood Mar ...

Core Insights - Todd Eagle, a prominent real estate banker at Goldman Sachs, has left the firm to join Jefferies as the US head of real estate banking [1][2] - Eagle's departure marks a significant shift in the real estate banking landscape, as he has been a key figure at Goldman Sachs for over three decades [3][5] Company Transition - Eagle's name has been removed from Goldman Sachs' internal staff directory, indicating his official exit from the firm [1] - He will report to Michael Bluhm at Jefferies, who oversees global real estate, gaming, and lodging [2] Career Background - Todd Eagle has a long history with Goldman Sachs, having first joined as an analyst in 1990 and later becoming a managing director [3][5] - He has previously left Goldman twice, once for business school and again to focus on real estate investments, before returning to the firm [5] - Eagle has extensive experience advising on mergers, acquisitions, and financing opportunities in the real estate sector, particularly during his time in London [6]