Group 1 - The article expresses gratitude towards the author's wife for her support during challenging times, particularly regarding family health issues and the decision to have a child [14][15] - The author emphasizes the importance of independent thinking and self-discovery for the child, encouraging them to explore their own identity rather than conforming to parental expectations [10][11][20] - The author highlights the significance of education that promotes exploration and understanding of diverse perspectives, rather than rote learning [19][20] Group 2 - The author reflects on the value of life experiences over theoretical knowledge, wishing to share insights gained from personal journeys in the future [22] - The article conveys a commitment to being a supportive and understanding parent, aiming to foster a nurturing environment for the child's growth [25]

Core Insights - The 2025 Trilateral Economic Report highlights the resilience and opportunities of the East Asian economic circle amid global uncertainties, emphasizing the importance of trilateral cooperation among China, Japan, and South Korea [1][6]. Economic Scale and Trade - In 2024, the combined GDP of China, Japan, and South Korea reached USD 24.21 trillion, a 2.7% increase from 2023, accounting for over 24% of global GDP [2][40]. - The total population of these three countries is approximately 1.584 billion, representing nearly 20% of the global population, making it one of the most promising consumer markets [2][40]. - The goods trade volume among the three countries is estimated at USD 8.93 trillion in 2024, which is 18.8% of global trade, highlighting their role as stabilizers in global supply chains [2][40]. Demographic Challenges - The aging population is a significant challenge, with Japan having 30% of its population aged 65 and older, South Korea at 18%, and China nearing 14%, all exceeding the global average of 10% [3]. - Fertility rates are critically low, with South Korea at 0.7, Japan at 1.2, and China at 1.0, indicating potential long-term population decline [3]. Economic Outlook - The report predicts that the economic growth rate for the ASEAN+3 region may fall below 4% in 2025 due to global trade shocks, with growth for China, Japan, and South Korea expected to decrease from 4.1% in 2024 to 3.7% [3][40]. - Long-term projections suggest that potential economic growth for ASEAN+3 and the CJK economies could decline to 2.8% and 3.0% by 2050, respectively [3][40]. Regional Economic Integration - The Regional Comprehensive Economic Partnership (RCEP) has shown positive impacts on trade and investment, with the trade volume reaching USD 13 trillion in 2023, accounting for 30% of global exports [4]. - However, challenges remain, such as small and micro enterprises struggling to benefit from RCEP, and the need for improved customs facilitation [4]. Semiconductor Industry Collaboration - The semiconductor industry is highlighted as a critical area for trilateral cooperation, with South Korea leading in memory chips, Japan dominating in manufacturing equipment, and China rapidly advancing [5]. - Recommendations include establishing a trilateral semiconductor supply chain dialogue platform and joint research initiatives to enhance regional supply chain resilience [5]. Future Cooperation Directions - The report emphasizes the need for accelerated negotiations on the China-Japan-Korea Free Trade Agreement (CJKFTA) and collaboration in emerging sectors like electric vehicles and renewable energy [5]. - Strengthening regional cooperation is deemed essential to navigate uncertainties and promote sustainable growth across the region [6].

Core Viewpoint - The sixth "Alliance Cup" internal trainer competition organized by the Asian Financial Cooperation Alliance was held in Taiyuan, Shanxi, focusing on the cultivation of financial talent and knowledge transfer [1][3][6]. Group 1: Event Overview - The event took place from September 25 to 26, attracting over 100 training leaders and internal trainers from 24 financial institutions across the country [1][3]. - The theme of the competition was "Empowering Growth and Innovating the Future of Finance," aimed at discovering and cultivating a high-quality, professional internal trainer team [3][6]. Group 2: Key Contributions and Statements - The chairman of Jinshang Bank emphasized the importance of a comprehensive mechanism for talent development, highlighting the bank's commitment to nurturing talent and enhancing organizational capabilities [3][6]. - The Secretary-General of the Asian Financial Cooperation Alliance noted the role of internal trainers as "knowledge ferrymen," responsible for experience transmission, skill transfer, and cultural dissemination [6][10]. Group 3: Competition Highlights - A total of 38 contestants showcased their professional skills through diverse presentation styles, including engaging speeches and real-life case studies [9]. - Five contestants were awarded the highest honor of "Master King," along with various other awards for excellence in organization and performance [9]. Group 4: Future Aspirations - The event is expected to act as a catalyst for developing high-quality courses that address practical business challenges, with hopes for Jinshang Bank to lead in exploring financial talent development [7][10]. - The Asian Financial Cooperation Alliance aims to continue serving as a bridge for resource sharing and deeper collaboration among financial institutions [7][10].

Economic Indicators - The final annualized quarterly GDP growth rate for the US in Q2 2025 was significantly revised up to 3.8%, from a previous estimate of 3.3%, marking the strongest performance since Q3 2023[6] - The strong GDP growth has cooled global interest rate cut expectations, with the probability of a 25 basis point cut in October now at 89.8%, down from 91.9%[3] Market Performance - The S&P 500 index closed at 6643.70, showing a decline of 0.31% over the week, while the Hang Seng Index and KOSPI led declines in the Asia-Pacific region[8] - The technology sector in the US saw a significant outflow of $4.33 billion, while China's technology sector experienced an inflow of $3.55 billion[3] Fund Flows - In the past week, US equity markets saw inflows of $8.26 billion, while Chinese markets attracted $5.48 billion[15] - Developed markets experienced notable inflows, with US fixed income funds seeing an inflow of $18.85 billion[15] Commodity Prices - Brent crude oil prices increased by 4.60%, and COMEX gold rose by 2.83% during the week, indicating a stronger inflation outlook[3] - The US dollar index rose by 0.55%, currently standing at 98.2, remaining below the 100 mark[9] Valuation Metrics - The risk-adjusted return percentiles for the S&P 500 and NASDAQ decreased to 49% and 45%, respectively, indicating a decline in perceived investment quality[3] - The PE percentile for the S&P 500 and DAX is at 93.0% and 89.5%, respectively, suggesting high valuations compared to historical averages[3]

美国特朗普政府的移民政策正在重塑全球人才流动格局。 本周，德国驻印度大使阿克曼（Philipp Ackermann）公开发文向"所有高技能印度人才"呼吁："德国以 其稳定的移民政策脱颖而出，并为印度人在信息技术、管理、科学和技术领域提供了丰富的就业机 会。" 阿克曼还附上一个专门为印度人提供德国就业、移民与职业发展信息的网站，并鼓励他们"（在这里） 找到通往德国的道路，提升你的职业生涯"。 9月19日，特朗普签署的总统公告推出H-1B签证新规，要求所有新申请者支付高达10万美元的费用，旨 在解决所谓"系统性滥用"问题。值得注意的是，印度人在H-1B项目中历来占据主导地位，近年来占比 超过70%。专家警告，此类政策可能加速高技能人才向加拿大、欧洲及中国等经济体转移。 德国之所以如此积极地吸引全球人才，源于其迫切的劳动力市场需求。德国需要吸纳数万名技术工人以 填补巨大的岗位空缺。根据德国经济研究所的数据，截至今年3月，该国仍有38.7万个职位虚位以待， 且预计这一数字将在未来两年内翻倍。同时，德国社会正面临严峻的人口结构挑战：每五个公民中就有 一人年龄超过67岁，出生于1955年至1970年的"婴儿潮"一代已开始 ...

Group 1 - The U.S. government is planning to impose punitive tariffs of up to 100% on countries like China and India that purchase Russian oil, aiming to cut off Russia's energy export lifeline amid the Ukraine conflict [1] - The U.S. has set a condition for this policy, stating it will only follow if European allies take action first, indicating a strategy to avoid risks [1] - European Commission President Ursula von der Leyen responded firmly, stating that the EU will make independent decisions based on its own interests, rejecting the notion of being a pawn for the U.S. [1] Group 2 - The recent trade agreement between the EU and the U.S. has been criticized as imbalanced, requiring the EU to eliminate tariffs on U.S. industrial goods and commit to purchasing significant amounts of U.S. energy products [1] - The EU's unusual refusal to comply with U.S. pressure may stem from a growing realization of being treated as expendable by the U.S. despite making significant concessions [3] - Von der Leyen faces political pressure, with 75% of Europeans calling for her resignation, prompting a reassessment of the EU's policy towards the U.S. [3] Group 3 - The EU is reflecting on its relationship with China, recognizing the importance of the Chinese market for European industries, such as automotive and luxury goods [3] - Recent anti-dumping investigations initiated by China against EU products highlight the potential repercussions for EU industries if they align with U.S. pressures against China [6] - The current geopolitical landscape emphasizes the urgency for the EU to achieve strategic autonomy, impacting its future development and the global multipolar order [6]

Core Viewpoint - The article emphasizes the importance of selecting appropriate complaint platforms based on the nature and urgency of consumer issues, highlighting the strengths of various platforms in addressing different types of disputes [1][9]. Group 1: Official Platforms - The national 12315 platform, overseen by the State Administration for Market Regulation, is essential for serious disputes involving product quality violations, false advertising, and price fraud, as it can enforce legal intervention [1][9]. - The processing flow of official platforms is rigorous and may take longer, making them less suitable for urgent, everyday issues [2][9]. Group 2: Industry-Specific Hotlines - Industry-specific hotlines, such as the 12381 hotline for telecommunications, provide specialized support for sector-specific issues, ensuring compliance with industry regulations [3][4]. - Black Cat Complaints can complement industry hotlines by addressing consumer grievances that also have industry attributes, allowing for a more consumer-focused resolution [3][5]. Group 3: Third-Party Platforms - Third-party platforms like Black Cat Complaints are favored for their flexibility and convenience in handling frequent consumer disputes across various sectors, including e-commerce, food delivery, and financial services [6][7]. - The platform allows for direct consumer-to-business communication and provides transparent tracking of complaint progress, catering to the need for quick feedback in everyday issues [7][9]. Group 4: Tips for Effective Complaints - Maintaining sufficient evidence, such as contracts, invoices, and communication records, is crucial for effective complaint resolution across all platforms [8][9]. - A strategic combination of platforms can enhance the likelihood of successful outcomes, such as using official channels for serious issues and Black Cat Complaints for faster resolutions [8][9].

Group 1: Market Performance - The Hang Seng Index rose by 0.12%, gaining 31 points to close at 26,576 points, while the Hang Seng Tech Index increased by 0.62% [1] - The early trading volume in the Hong Kong stock market reached HKD 179 billion [1] Group 2: Notable Stock Movements - Gaming stocks saw significant gains, with August Macau gaming revenue slightly exceeding expectations, and strong demand anticipated for the upcoming National Day holiday. Wynn Macau rose by 5.41%, Melco International Development increased by 5.85%, and Sands China gained 5% [1] - Weimob Group surged over 10% as the company plans to raise over HKD 1.5 billion through a share placement, with Wujie Capital becoming the largest single shareholder [1] - Ganfeng Lithium rose over 10%, stating that its energy storage cell production capacity is currently at full capacity [1] - Changfei Optical Fiber and Cable increased over 12%, reaching a new high, driven by market enthusiasm for hollow-core fiber, although the related business has not yet significantly impacted financial data [1] - Hongteng Precision surged over 16% after announcing plans to build an electric vehicle charging station factory in Saudi Arabia, with accelerated AI product layout [1] - China Rare Earth Holdings rose nearly 9% as the Mt Bundy project reported increased reserves, and the company plans to spin off its rare earth gold business for a Hong Kong listing [1] - Stablecoin-related stocks mostly rose, as Hong Kong implements a stablecoin issuer system, potentially benefiting third-party payment institutions. Duodian Smart rose by 4%, Yaocai Securities Financial increased by 5.85%, and OSL Group gained 5% [1] Group 3: Company-Specific Developments - Haijia Medical rose over 6% after founder Zhu Yiwen increased his stake by purchasing 1.6648 million shares [2] - SenseTime-W increased over 3% as Goldman Sachs raised its expectations for the company's ToC business expansion, driven by generative AI innovations [3] - Musk denied rumors of Tesla receiving an order for 10,000 robots, leading to a decline of over 7% in Sanhua Intelligent Controls [4] - Fortior fell nearly 5% as shareholder Shanghai Huaxin plans to reduce its stake by up to 3% [4]

南都讯 记者林敏儿 9月17日，"福田CBD企业特色展示系列——金融行业专场"在福田街道兴融社区公园 举行，近50家金融机构"集体出摊"，以沉浸式实操与趣味互动，让群众"玩着学知识"。 "金融连廊"现场手把手教你用数字人民币付款，专家直接帮你排查"账户安全隐患"；更有"反诈知识擂 台赛"，答对就能抱走定制周边，玩着就把"防骗技巧"记在脑海里。 互动环节，公司员工巧妙将反洗钱知识与国家金融安全紧密相连，聚焦老年人、青少年等重点人群权益 保护，提醒金融消费者保护个人信息和财产安全。 看不懂基金持仓？在"基金连廊"，"基金拆解实验室"用可视化图表帮你看清"钱投在哪、收益怎么来"； 顾问还能帮你定制"个性化资产配置方案"，适合上班族的理财建议直接拿；完成"风险测评游戏"，还能 赢专业理财工具包。 值得关注的是，同方全球人寿总公司及其深圳分公司，将古文诗词、保险知识与风险提示融入二十四节 气盲盒活动，以国潮创意打造沉浸式金融科普场景，让原本专业晦涩的金融知识变得生动易懂，有效提 升了现场群众的金融素养与风险防范意识，成为本次活动的"人气亮点"。 活动现场，二十四节气盲盒互动游戏引发市民打卡热潮。参与者通过"登节气阶梯学 ...

Joining me now, Sam Stovall, chief investment strategist at CFRA. Sam, always good to have you. Thanks so much for joining us on Fed Day.>> Happy to be here, Caroline. >> So, Sam, the Fed just cut interest rates for the first time this year. It was widely expected, but what's your takeaway.Well, my takeaway is that they're doing pretty much what the street had been anticipating that they cut by 25 basis points and signaled that there's a possibility of two more cuts by the end of this year. So, uh deciding ...