"没想到山里网速这么好，直播一点不卡！"济南游客李女士在村中直播时赞叹道。网络畅通点燃了"百泉村"的旅游热度，游客激增带火了当地农副产品销 售。"今年光地摊收入就能超150万！"村书记朱全祥信心满满。数字"新动脉"正成为东东峪村乡村振兴的有力支撑。 数字服务进景区，游客体验"一键直达" 山东移动的数字基因正深度融入景区服务，提升游客体验。在博山红叶柿岩景区，游客一踏入，即收到基于LBS定位的"智能指引短信"，演出时间、座位 图、美食住宿信息尽在掌握。景区内设"移动服务驿站"，工作人员随时提供网络支持、购票导航等帮助。"景区大也不怕，手机点一点就搞定，5G又快又 稳！"游客王大姐对这项便捷服务赞不绝口。 数字经济浪潮下，山东移动以5G数智技术为画笔，深度赋能文旅产业，通过建设乡村高速网络、创新景区服务模式、打造智慧管理平台，为文旅产业注入 强劲数字动能。 织密乡村无线网，畅通乡村文旅"数字动脉" 素有"百泉村"之称的淄博市淄川区东东峪村，随着周末大集和农村大锅菜等特色乡村游项目，成为网络热点。面对游客直播、短视频分享带来的高流量需求 与复杂地形的信号覆盖难题，淄博移动组建专项团队驻村攻坚。 技术人员采用"5G+ ...

Core Insights - Shandong Mobile has launched a new "Dual Identification System" (UE-Logo) to enhance user service and network experience transparency, marking a significant step in the application of 5G-A technology and refined user service [4][6]. Group 1: System Features - The Dual Identification System displays a "UE-Logo" indicating the "China Mobile Global" VIP status on the left and the real-time status of the 5G-A network on the right, providing a personalized service experience for users [4][5]. - Users must subscribe to designated 5G-A product packages and be in areas supporting 3CC carrier aggregation for the system to activate [4][5]. Group 2: Network Deployment - Shandong Mobile has deployed over 25,000 3CC small cells across 16 major urban areas, establishing a robust 5G-A network foundation [5][6]. - The company focuses on precise deployment of 3CC networking, high-standard network pre-planning, and ongoing optimization of frequency points and neighboring configurations to ensure a high-quality communication network [5][6]. Group 3: Performance Metrics - The implementation of 3CC carrier aggregation has resulted in a 1.1 times increase in user downlink experience rates, surpassing 1.5 Gbps, and a 2.6 times increase in single cell traffic compared to the beginning of the year [6]. - The 5G-A identification rate for user terminals remains stable at over 90%, ensuring a seamless network experience for activities such as ultra-high-definition video streaming and large file downloads [6]. Group 4: Future Plans - Shandong Mobile plans to continue optimizing network coverage, improving network quality, and expanding terminal compatibility to benefit a broader user base with 5G-A technology [8].

Macro Perspective - The recent rebound in US stocks has led to market divergence regarding future trends, with macroeconomic data from July showing stability but not significantly altering the fact that the US economy is slightly weakening [1] - Despite better-than-expected PMI and non-farm data in July, the overall economic trend remains weak due to external trade policy changes and other soft data [2] Tariff Impact - The introduction of reciprocal tariffs is expected to create a window for observing changes in capital flows in the third quarter, with potential for further capital inflow into US stocks in the fourth quarter [2] - The reciprocal tariff strategy primarily targets transshipment trade and may not apply to tariff issues with other developed countries, with a key decision point on August 1 [2] Valuation and Liquidity - US stock valuations remain relatively high, with many sectors trading above their 5-year and 10-year averages, indicating a potential overvaluation [3] - The "seven sisters" of US stocks have seen their valuation percentile drop to the 50% range, suggesting a slight correction in high valuations [3] Earnings Outlook - Current US stock performance is heavily reliant on earnings, particularly in the information technology and telecommunications sectors, which contribute significantly to the S&P 500's overall earnings [4] - Earnings growth forecasts for Q2 2025 have been revised down from 9.4% to 5.0%, indicating a slowdown in growth expectations due to economic conditions [4]

又是一年暑期至，行囊一背，相机一带，一场说走就走的旅行正式开启。为护航游客畅快出行，山东移动积极开展信号升级服务，全力打造智慧出游数字服 务，让游客与景区景点"牵手"，不仅为游客带来更优质的游玩体验，更让数字经济与文旅产业实现"双向奔赴"。 信号升格，确保游客畅享"不断线" 数智赋能，解锁暑期旅游"新方式" 面对出游高峰，山东移动积极开展"信号升格"专项行动，聚焦网络质量提升，统筹各方建设资源，创新采用多频组网与宏微协同的组网方案，以保障游客网 络体验。针对全市67处3A级以上景区以及3处交通枢纽开展全方位摸排测试，实时监测327处基站负荷情况进行动态调整，通过对不同频段资源的合理调 配，搭建起全方位的网络覆盖体系，确保移动网络在景区、交通枢纽的无缝覆盖，有效提升景区、交通枢纽等区域的网络承载能力，为游客提供一个便捷、 畅通的网络游览环境。 旅游旺季，景区开启"人从众"模式，泰安作为著名旅游胜地，各大景区吸引了大量游客。为保障游客沉浸式旅游体验，山东移动全力以赴为游客提供满格信 号和满意服务，助力营造泰安景区良好的旅游环境。在泰山，通过宏微联合组网，对登山步道、中天门、南天门等游客集中区域进行重点优化，实现景 ...

Group 1 - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) closed up 1.05% on July 10, with a trading volume of 163 million yuan [1] - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of July 9, 2024, the fund's latest share count was 4.955 billion, with a total size of 4.699 billion yuan, reflecting a year-to-date share increase of 32.27% and a size increase of 34.20% [1] Group 2 - The current fund managers are Zhang Xiaonan and Gong Lili, with Zhang managing since June 26, 2024, yielding a return of -1.91%, while Gong has managed since July 25, 2024, with a return of 10.03% [2] - The fund's top holdings include China Mobile, China Petroleum, COSCO Shipping, CNOOC, China Shenhua, Sinopec, China Telecom, China Unicom, China Coal Energy, and China Merchants Bank, with respective holding percentages [2] Group 3 - The top holdings and their respective percentages are as follows: - China Mobile: 11.04% - China Petroleum: 10.43% - COSCO Shipping: 10.25% - CNOOC: 10.01% - China Shenhua: 8.89% - Sinopec: 8.21% - China Telecom: 5.39% - China Unicom: 3.65% - China Coal Energy: 2.38% - China Merchants Bank: 2.33% [3]

【摘要】2025年6月，数篷科技联合公共数据联盟对近50家意向企业开展了"国家数据基础设施——可信 数据空间建设"问卷调研，研究发现：当前大部分企业认识到可信数据空间的重要性，认为其在提升数 据安全防护能力、实现跨组织数据流通、促进数据要素运营等方面具有重要意义。技术能力需求方面， 受访企业认为身份认证与权限管理、数据互通、数据沙箱等是建设可信数据空间的重要技术；部署方式 方面，大型企业表现出自建私有化部署倾向，中小企业则更青睐于使用政府提供或由龙头企业主导的可 信数据空间，但大部分企业都面临着资源与成本投入、专业人才缺乏等共同挑战。70%的受访企业将陆 续启动可信数据空间建设。未来，建议探索可持续的商业化模式，充分发挥龙头企业的示范引领作用， 聚焦标杆落地实践，并关注轻量化、智能化、高性能等技术发展方向。 引言 在数字经济蓬勃兴起的当下，数据已成为关键生产要素，可信数据空间成为支撑全国一体化数据市场的 核心基础设施。2025年6月，数篷科技联合公共数据联盟面向有意向开展可信数据空间建设的企业进行 问卷调研，共收回有效问卷近50份，本文数据如无特别说明，均来自此次调研。 在全部样本中，小微企业（<100人）占 ...

Core Viewpoint - Shandong Mobile Jinan Branch is leveraging "AI+" to drive digital transformation in smart city initiatives, focusing on key areas such as smart cultural heritage, smart retail, and smart mining, thereby enhancing urban safety and industrial upgrades [1]. Group 1: Smart Cultural Heritage - The Jinan Old Commercial Port Museum has implemented "AI Museum Director" as a central intelligence system to enhance security, utilizing upgraded high-definition monitoring and algorithms for fire and smoke detection, as well as abnormal behavior monitoring, achieving millisecond-level risk identification and second-level alert response [2]. - This smart cultural heritage initiative significantly improves security efficiency, ensuring orderly operations within the venue and safeguarding precious artifacts and visitors [2]. Group 2: Smart Retail - The retail chain Yingbeier has adopted "AI Store Manager" to address challenges such as data silos, execution deviations, and high labor costs by deploying a comprehensive perception operation system [3]. - The system processes over a thousand video data streams to analyze customer flow density, heat distribution, and dwell time, dynamically optimizing product displays and labor allocation, thus enhancing operational efficiency and reducing costs [3]. Group 3: Smart Mining - The Natural Resources Bureau has deployed "AI Wise Eye" in critical mountain areas to monitor illegal mining activities and boundary violations through core algorithms [4]. - This system acts as a tireless "technology sentinel," enabling remote and round-the-clock monitoring of mountain conditions, effectively curbing illegal activities and significantly improving regulatory efficiency [4]. Group 4: Future Outlook - The integration of "AI+" is seen as a transformative force in smart city construction, connecting data, scenarios, and ecosystems to enhance urban governance and ensure the safety of citizens [5]. - Shandong Mobile Jinan Branch aims to continue its mission of empowering cities through digital intelligence, focusing on innovation and technology to explore the symbiosis of smart solutions and urban development, ultimately creating a safe and livable smart city [5].

文 | 墨山看客 编辑 | 墨山看客 更为棘手的是，根据外媒报道，特朗普不仅宣布了加税，还特别强调韩国不得采取反制措施。作为美国的"盟友"，在面对如此高额的加税时，韩国将如何应 对呢？李在明刚刚上任，他是否会继续走之前亲美的道路，咬紧牙关接受这一加税带来的压力？ 这次加税并非单纯针对韩国，而是美国对韩国进行的战略性施压。从特朗普的言辞来看，"25%的关税远低于我们消除贸易逆差所需的幅度"这一句话透露出 一个关键信息：韩国并非唯一的目标，它被用作了对其他国家的示范对象。特朗普此举，显然是要通过韩国给其他国家敲响警钟。 与此同时，美国白宫还签署了一项行政命令，将原定的关税暂缓期延后至8月1日。这看似是给双方留下谈判的余地，实则是给韩国争取最后的缓冲时间。最 引人关注的，是特朗普在信中明确警告，若韩国采取报复性措施，美国将在现有25%的基础上，追加同等幅度的关税。这几乎是对韩国下达了"最后通牒"， 加税还不够，甚至连反制的空间都被剥夺。 如果这项25%的关税政策一旦实施，那么受影响最大的无疑是韩国的汽车产业。数据显示，韩国每年对美汽车出口金额高达347亿美元，占其汽车出口总量 的近一半。若关税落实，仅现代汽车每辆车 ...

Group 1 - The core viewpoint emphasizes the implementation of anti-corruption measures within state-owned enterprises, particularly through collaborative investigation models [1][2] - The company has developed a practical manual for joint case handling, which includes guidelines on case transfer, investigation processes, and post-case actions [2] - Over 200 personnel have been selected from various levels of the company's disciplinary inspection and supervision institutions to participate in joint investigations, enhancing their capabilities [2] Group 2 - The company focuses on practical experience in joint investigations to strengthen its operational capabilities and improve law enforcement effectiveness [1] - Mechanism building is a priority, with a systematic approach to developing institutional frameworks that support collaborative investigations [2] - The company aims to cultivate a skilled workforce by using joint investigation practices as a training ground for outstanding investigation personnel [2]

Group 1 - The A-share market shows signs of recovery, with the Shanghai Composite Index surpassing 3,500 points, attracting attention to foreign capital movements, particularly northbound funds [1] - As of the end of Q2 2025, northbound funds held a total of 2,907 A-shares, with a total shareholding of 1,232.08 billion shares, an increase of 41.19 billion shares from the previous quarter and 7.22 billion shares from the end of 2024 [2] - The total market value of northbound funds reached 2.289 trillion yuan, an increase of 537 billion yuan from the previous quarter and 871 billion yuan from the end of 2024, indicating a significant increase in investment in the A-share market [2] Group 2 - The industry with the largest increase in shareholding by northbound funds in Q2 2025 was enterprise services, with a growth of 38%, followed by telecommunications services at 27% and national defense at 26% [2] - Conversely, the industries with the largest decrease in shareholding were hardware equipment, down 15%, and home appliances and textiles, both down 13% [2] Group 3 - The stocks with the highest market value held by northbound funds as of June 2025 included CATL, Kweichow Moutai, Midea Group, and others, with CATL and Kweichow Moutai each exceeding 100 billion yuan in market value [3] - The three companies with the most significant changes in market value held by northbound funds were CATL, Hengrui Medicine, and Dongpeng Beverage, all of which have recently listed on the Hong Kong Stock Exchange [3][4] Group 4 - The decline in AH share premiums indicates a narrowing price gap between A-shares and H-shares, enhancing market efficiency and providing a fairer investment environment [5][7] - The decrease in AH share premiums may influence the allocation of northbound funds between A-shares and H-shares, shifting focus towards the fundamentals and industry outlook rather than short-term price differences [7][8]