记者 吴丹璐 记者昨天从国家税务总局上海市税务局获悉，上海近日已推出离境退税"掌上办"服务平台，并在浦 东、黄浦、静安等区部分退税商店试运行，在全国范围内率先实现购物开单、海关验核、退税到账等离 境退税全流程线上办理，推动上海离境退税服务进入无纸化阶段。 今年以来，上海已为179个国家和地区的近10万名旅客办理离境退税。截至9月29日，上海离境退税 销售额同比增长83.8%，退税额同比增长82.9%，离境退税规模位居全国首位，"即买即退"销售额同比 增长21倍。 目前，"掌上办"服务平台可实时查询、跟踪退税办理进度，并支持口岸离境退税和"即买即退"两种 模式。如选择在口岸离境退税，境外旅客可对海关验核通过的《退税申请单》在线申请退税，签署电子 回执单后，退税款项可通过银行转账和支付宝电子退付渠道快速到账。如选择在离境退税商店"即买即 退"，境外旅客通过线上办理预授权，退税款项可通过支付宝等电子退付形式实时到账。在海关验核环 节，无需提供纸质材料，出示"申税码"即可配合海关完成验核流程。 "掌上办"服务平台是一个移动端的H5应用，提供中、英、日、韩等多语言操作界面，境外旅客在 退税点扫码，或者输入网址（http ...

高盛将Robinhood Markets的目标价从134美元上调至152美元，维持"买入"评级。(格隆汇) ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The emergence of high-performance open-source large models has significantly lowered the barriers and costs for AI application innovation, driving the development of intelligent computing applications across various sectors such as finance, government, education, healthcare, and industry [7][14] - The report emphasizes the differentiated network connection requirements arising from the rapid growth of intelligent computing applications, highlighting the need for high bandwidth, low latency, and high reliability to support AI model training and inference [7][15] - The report proposes five key features for high-quality computing dedicated lines tailored for intelligent computing applications: intelligent perception, business certainty experience, elastic network on demand, intelligent operation and maintenance, and optical computing collaboration [7][15] Summary by Sections Overview - The proliferation of open-source large models since 2023 has disrupted the previous monopoly in the field, enabling rapid innovation in intelligent computing applications across various industries [14] - The report identifies the need for networks to perceive business types and provide differentiated connection capabilities to ensure optimal service experiences [14] Differentiated Dedicated Line Service Requirements for Intelligent Computing Applications Financial Intelligent Computing Applications - Financial institutions are leveraging AI for customer service, risk management, and operational efficiency, requiring high bandwidth and low latency for various applications [17][22] - Specific network requirements include: - AI service assistants: 5 Mbps bandwidth, latency < 5 ms, availability ≥ 99.99% [27] - Digital lobby managers: 200 Mbps bandwidth, latency < 2.5 ms, availability ≥ 99.99% [27] - AI financial compliance checks: 150 Mbps bandwidth, latency < 5 ms, availability ≥ 99.99% [27] - AI fraud detection systems: 5 Mbps bandwidth, latency < 5 ms, availability ≥ 99.99% [27] Government Intelligent Computing Applications - The report discusses the transition from basic digitalization to comprehensive intelligent governance, emphasizing the need for flexible network services to handle varying demands [29][33] - Network requirements include: - Intelligent government customer service: < 5 Mbps bandwidth, latency < 500 ms, availability ≥ 99.99% [38] - Intelligent traffic management: < 200 Mbps bandwidth, latency < 20 ms, availability ≥ 99.99% [38] - Intelligent environmental monitoring: 200 Kbps to 20 Mbps bandwidth, latency < 500 ms, availability ≥ 99.99% [38] Educational Intelligent Computing Applications - The report highlights the transformation in education through intelligent computing, with applications in personalized learning and automated assessment [39][43] - Network requirements include: - Smart classrooms: 100-500 Mbps bandwidth, latency < 25 ms, availability ≥ 99.99% [45] - Intelligent monitoring systems: ~4 Gbps bandwidth, latency < 5 ms, availability ≥ 99.99% [45] Healthcare Intelligent Computing Applications - The healthcare sector is increasingly adopting intelligent computing to enhance diagnostic accuracy and operational efficiency [46][49] - Network requirements include: - AI-assisted imaging: 10 Gbps bandwidth, latency < 10 ms, availability ≥ 99.9% [52] - AI-assisted diagnosis: 500 Mbps to 1 Gbps bandwidth, latency < 5 ms, availability ≥ 99.9% [52] Public Security Intelligent Computing Applications - AI is being integrated into public security to enhance risk identification and response capabilities [54][58] - Network requirements include: - AI video monitoring: 200 Mbps bandwidth, latency < 5 ms, availability ≥ 99.99% [60] - AI policing services: 20 Mbps bandwidth, latency < 50 ms, availability ≥ 99.99% [60] Entertainment Intelligent Computing Applications - The report discusses the digital transformation of the entertainment industry, particularly in cloud gaming and media production [66][67] - Network requirements include: - Cloud gaming: 120 Mbps bandwidth per user, latency < 1 ms [66] - 3D scene reconstruction: 1 Gbps bandwidth, latency < 1 ms [67]

Core Insights - The U.S. Securities and Exchange Commission (SEC) is poised to approve a significant number of new spot crypto exchange-traded funds (ETFs), with sixteen funds currently under review, including those for Solana (SOL), XRP, Litecoin (LTC), Cardano (ADA), and Dogecoin (DOGE) [1][7] - This potential approval represents the SEC's most substantial acceptance of crypto products since the approval of spot Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024, which led to record trading volumes and prompted over 90 additional applications awaiting regulatory approval [2] SEC Process Changes - In mid-September, the SEC approved rule changes from Nasdaq, NYSE Arca, and Cboe BZX to implement generic listing standards for commodity-based trust shares, streamlining the approval process for ETFs backed by spot commodities, including cryptocurrencies [3] - The SEC has instructed issuers of SOL, XRP, ADA, LTC, and DOGE ETFs to withdraw their 19b-4 filings, as the new system allows for S-1 filings to suffice for approval, enabling the SEC to act without waiting for formal deadlines [4] Approval Expectations - Analysts, including Bloomberg's Eric Balchunas, predict a 100% probability of approval for all sixteen pending applications, indicating that the SEC's adoption of generic standards and the issuers' repeated amendments suggest that final clearance is imminent [5][6] - The new framework allows the SEC to approve products in batches or all at once, provided the tokens meet the established criteria [6] Broader ETF Landscape - In addition to the sixteen funds awaiting approval, nearly 80 more crypto ETF applications are in the pipeline, with the anticipated approvals potentially setting a precedent for further adoption of digital assets on Wall Street beyond Bitcoin and Ethereum [8]

Core Viewpoint - The implementation of a large-scale fiscal subsidy policy for personal consumption loans marks a significant step by the central government to stimulate consumer spending and support economic growth [4][10]. Group 1: Policy Implementation - The Ministry of Finance has launched a fiscal subsidy policy for personal consumption loans, providing a 1% annual subsidy for loans used for actual consumption, excluding credit card transactions [4][5]. - The subsidy covers key consumption areas such as household vehicles, education, healthcare, and electronics, with a maximum subsidy amount of 50,000 yuan per transaction [5][10]. Group 2: Participation of Financial Institutions - A total of 18 commercial banks, including major players like Agricultural Bank of China and Industrial and Commercial Bank of China, along with five personal consumption loan institutions, are included in the initial list of designated agencies for the subsidy [5][9]. - Financial technology companies, such as Ant Group and Du Xiaoman, are actively participating in the subsidy program, offering streamlined processes for consumers to access the benefits [6][9]. Group 3: Impact on Consumer Behavior - The subsidy has led to a significant increase in participation, with over 1 million users engaging in Du Xiaoman's promotional activities related to the subsidy [8]. - The policy is expected to enhance consumer spending, with projections indicating that consumption's contribution to GDP will rise to 52% by mid-2025, up from 44.5% in 2024 [10]. Group 4: Technological Advancements in Financial Services - Financial technology companies are leveraging AI to improve risk assessment and enhance the efficiency of financial services, addressing long-standing challenges in the sector [11][13]. - Innovations such as Ant Group's AI credit assessment tools and Du Xiaoman's advanced risk management models are transforming the landscape of inclusive finance [12][14]. Group 5: Broader Economic Implications - The subsidy initiative is part of a broader strategy to stimulate demand and drive economic growth, emphasizing the importance of consumer spending in the national economy [9][18]. - The financial sector's role in facilitating this growth is underscored by the need for funds to effectively flow back into consumption and investment [17][19].

智通财经APP讯，联易融科技-W(09959)公布，2025年9月30日耗资约735.85万港元回购217万股股份。 ...

Core Insights - Singapore is increasingly becoming a key destination for businesses and individuals looking to expand internationally, particularly in the ASEAN market with a population of nearly 700 million [1] - In 2024, Singapore's foreign direct investment (FDI) reached a record high of $143.4 billion, indicating strong interest from global companies [1] - The number of family offices in Singapore surged by over 40% in one year, surpassing 2,000, attracting global billionaires and entrepreneurs [1] Investment Landscape - Major Chinese companies such as Alibaba, Tencent, ByteDance, and Ant Group have established a presence in Singapore to access the ASEAN market [1] - Singapore is recognized as a leading hub for financial technology and digital assets, enhancing its appeal to global capital [1] Research and Exploration - A global research trip to Singapore is being organized to explore the advantages of Singapore in global asset allocation, featuring visits to prominent financial institutions [1] - The itinerary includes meetings with Southeast Asia's second-largest financial services group, OCBC Bank, and other notable financial entities to understand the latest trends in fintech and digital assets [1]

Core Insights - The article highlights the role of Ping An Rongyi in providing financial services to small and micro enterprises, particularly in the agricultural sector, through innovative technology solutions [1][5][8] Group 1: Financial Technology and Innovation - Ping An Rongyi's case study showcased at the CCTV Finance event emphasizes the use of AI and big data to address financing challenges for cattle farmers in Shandong [1][4] - The implementation of an AI-driven risk control model allows for quick loan approvals, exemplified by a farmer receiving a loan of 200,000 yuan with minimal documentation [4][5] Group 2: Support for Agricultural Development - The financial services provided by Ping An Rongyi are designed to alleviate the financing difficulties faced by farmers, particularly during market downturns [2][5] - The "Three Rural Protection Plan" aims to deliver efficient and sufficient financial services to farmers, including a dedicated "green channel" for agricultural loans [5][7] Group 3: On-the-Ground Engagement - Ping An Rongyi's nationwide outreach includes direct engagement with farmers to understand their needs and assist with loan applications, enhancing the relevance of their financial products [7][8] - The company has established a comprehensive support system for agricultural products, focusing on marketing and product upgrades to boost sales channels for farmers [7][8] Group 4: Impact and Future Directions - As of June 2025, Ping An Rongyi has supported over 480,000 agricultural small and micro enterprises with more than 60 billion yuan in funding, demonstrating the effectiveness of fintech in promoting inclusive finance [8] - The company plans to continue its grassroots approach, emphasizing a service philosophy that is convenient, efficient, and cost-effective for a broader range of small and micro enterprises [8]

据了解，"掌上办"服务平台可实时查询跟踪退税办理进度，并支持口岸离境退税和"即买即退"两种模式。如选择在口岸退税，境外旅客可对海关验核通过的 《退税申请单》在线申请退税，签署电子回执单后，退税款项可通过银行转账和支付宝电子退付渠道快速到账。如选择在离境退税商店"即买即退"，境外旅 客通过线上办理预授权，退税款项可通过支付宝等电子退付形式实时到账。在海关验核环节，无需提供纸质材料，出示"申税码"即可配合海关完成验核流 程。 新闻 9 . o TAX REFUND 退税商店 COUNTER TAX FREE 即买即退 · 集中退付点 0 上海 离境退税掌上办 操作指南 Lenovo riello! capita ple tel the Th: al 近日，上海税务会同商务、海关等多部门推出离境退税"掌上办"服务平台，并在浦东、黄浦、静安等地区的部分退税商店试运行，率先实现购物开单、海关 验核、退税到账等离境退税全流程线上办理，为境外旅客带来高效、透明、轻松的"指尖退税"新体验，推动退税服务正式迈向"无纸化、可视化、智能化"新 阶段。 今年以来（截至9月29日），上海市离境退税业务继续保持高增长势头，上海离境退税销 ...

摩根士丹利将SoFi Technologies的目标价从13美元上调至18美元，仍维持"减持"评级。(格隆汇) ...