这一颠覆性技术将继续深远地影响金融行业的未来发展，改变商业模式、客户沟通、服务创新以及运营管理。企 业决策者应敏锐洞察，提前布局。 引言 作为全球领先的金融机构，瑞银致力成为一家人工智能驱动的机构，为实现增长而持续投资科技，让所有员工都 能从人工智能工具中受益，并且以负责任和可持续的方式为客户、员工和股东带来最大利益。作为中国金融改革 开放进程中的建设者和受益者，瑞银借助全球化网络与本土化专业能力，依托全球资本市场赋能中国科技企业， 帮助中国科技企业成长为全球产业发展的中坚力量。 中国金融行业正积极探索和布局生成式人工智能 由于金融行业大量的数据沉淀，劳动力密集度高以及与语言相关的工作内容占比高，生成式AI对金融行业的潜在 重塑效应有望大于其他行业。 从瑞银证券研究部对目前金融机构的实践案例统计来看，中国金融机构正在积极探索和布局AI应用（图1）。目 前应用较多的仍以对内赋能员工为主，例如知识库助手、客服助手、智能投研、保险代理人助手等，但需人工二 次把关。从使用机构方面来看，大型金融机构对大模型进行体系化布局，在业务的前中后台场景均有融合，模型 方面选择自研与合作多路线探索；中小机构受制于成本，仍处在单点场 ...

专题：2025基金高质量发展大会 5月24日，由新浪财经主办的2025基金高质量发展大会在深圳隆重启幕。大会汇聚学术界顶尖专家、公 私募基金领军人物、券商领袖及首席经济学家等业界翘楚，共话基金行业高质量发展新路径。 三是坚持价值引领。本次大会将发布《2025基金行业领军人物领导力榜单》，并增设"基民获得感最强 基金公司"奖项，旨在建立行业评价标杆体系，增强用户的获得感和被服务感。 附发言全文： 尊敬的各位领导、各位来宾，大家好！ 欢迎大家出席一年一度新浪财经基金高质量发展大会，我谨代表主办方新浪财经，向参会的各位领导和 嘉宾，致以最诚挚的欢迎和感谢。 在公募基金突破32万亿规模的里程碑时刻，新一轮资本市场改革已拉开序幕。从"规模扩张"到"质量跃 升"，从"流量竞争"到"投资者获得感竞争"，这场重大变革澎湃而来，推动公募基金行业迈向高质量发 展的新征程。 在此进程中，我们深知：唯有以投资者获得感为"累土"，以专业能力为"基石"，方能筑起公募行业长青 的"九层之台"。 会上，新浪财经CEO邓庆旭出席并致辞。他表示，在公募基金规模突破32万亿元的历史性时刻，资本市 场新一轮改革已拉开帷幕。行业正从"规模扩张"深化至 ...

Core Viewpoint - The retirement of Wu Zongmin as the president of China Merchants Securities marks a significant leadership change, with the company expressing gratitude for his contributions during his tenure, which lasted over three years [1][4]. Group 1: Leadership Transition - Wu Zongmin has retired due to reaching the retirement age, and he will not hold any position in the company or its subsidiaries after his departure [1]. - The company will promptly select a new president and board members, with the chairman, Huo Da, temporarily assuming the president's responsibilities during this transition [1][4]. - There is speculation regarding the new president's identity, but sources indicate that no successor has been finalized yet [1][5]. Group 2: Performance During Tenure - Under Wu Zongmin's leadership, China Merchants Securities has seen steady growth in net profit, with projections of 8.072 billion yuan, 8.764 billion yuan, and 10.386 billion yuan for 2022, 2023, and 2024 respectively [1][4]. - The company maintained its position as the fourth largest in the industry during Wu's tenure, with a projected revenue of 20.891 billion yuan in 2024, reflecting a year-on-year growth of 5.4% [4]. - The integration of AI technology into business operations was a significant achievement during his leadership, enhancing productivity in wealth management by 23% [3]. Group 3: Future Challenges - The new leadership will face challenges, particularly in the investment banking sector, which is expected to experience a downturn in 2024 following a cooling financing market in 2023 [5]. - The investment banking revenue of China Merchants Securities has reportedly shrunk by over 50% compared to three years ago, indicating a need for strategic planning and client engagement [5].

证券代码：002657 证券简称：中科金财 北京中科金财科技股份有限公司投资者关系活动记录表 编号：041 您好，感谢您对中科金财的关注。公司以打造多任务、复 杂任务的智能体为目标，在部分产品中使用 Multiple Agent 架 构，构建任务编排层、认知计算层、决策优化层技术架构体系， 形成了 AI Agent 开发运行平台及覆盖银行前、中、后台业务场 景的 AI Agent 产品，包括基于 AI-Native 技术架构的业务流程 智能体、智能客服 Agent、智能信贷 Agent、智能投研 Agent、 账户管理 Agent、智能营销 Agent 等,并依托 MCP 协议，实现与 外部数据源及工具的无缝链接，打造流程闭环。其中业务流程 智能体聚焦运营管理、经营决策管理、产品管理、风控管理、客 户营销与渠道管理五大核心业务场景，融合 AI Agent、大语言 模型与深度学习技术，提升银行运营管理效率。谢谢。 3、从网上信息显示，贵公司去年在 AI 应用领域，有在 AI 短 剧，AI 电影等方面行进探索并有相关订单案例，请问这些订单 金额占比如何？今年是否考虑继续加大在相关 AI 应用的订单 投标与交付力度 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [2][18]. Core Views - The company is experiencing a bottoming out of its performance, with growth driven by AI and domestic innovation [2]. - The report highlights a short-term pressure on core business but anticipates a recovery in demand as market conditions improve [7]. - Cost reduction and efficiency improvements are expected to enhance profitability, while ongoing R&D investments are aimed at long-term competitiveness [7]. - The integration of AI technology is set to reshape the financial technology ecosystem, with significant growth potential in domestic innovation applications [7]. Financial Performance Summary - Total revenue for 2024 is projected at 65.81 billion, a decrease of 9.6% year-on-year, with a recovery expected in subsequent years [3][7]. - Net profit attributable to shareholders is forecasted at 10.43 billion for 2024, down 26.8% year-on-year, with a rebound anticipated in 2025 [3][7]. - Earnings per share (EPS) is expected to rise from 0.55 in 2024 to 0.85 by 2027 [3][7]. - The company’s price-to-earnings (P/E) ratio is projected to decrease from 47 in 2024 to 31 in 2027, indicating a potential increase in valuation [3][7]. Business Segment Performance - Wealth technology services reported revenue of 1.43 billion, down 17.5% year-on-year [7]. - Asset management technology services generated 1.57 billion, a decline of 8.38% [7]. - Operations and institutional technology services saw revenue of 1.29 billion, down 10.24% [7]. - Innovative business revenue was 515 million, down 7.34% [7]. - Data services revenue reached 354 million, a decrease of 8.13% [7]. Future Projections - Revenue is expected to grow to 71.2 billion in 2025, 76.3 billion in 2026, and 81.5 billion in 2027 [7]. - Net profit is projected to increase to 12.5 billion in 2025, 14.3 billion in 2026, and 16.0 billion in 2027 [7]. - The target price for the company is set at 33 yuan, based on a 50 times P/E ratio for 2025 [7].

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [2][18]. Core Views - The company is experiencing a bottoming out of its performance, with growth driven by AI and domestic innovation [2]. - The report highlights a short-term pressure on core business but anticipates a recovery in demand as market conditions improve [7]. - Cost reduction and efficiency improvements are expected to enhance profitability, while ongoing R&D investments are aimed at maintaining long-term competitive advantages [7]. - The integration of AI technology is set to reshape the financial technology ecosystem, with significant growth potential in domestic innovation applications [7]. Financial Performance Summary - Total revenue for 2024 is projected at 65.81 billion yuan, a decrease of 9.6% year-on-year, with a net profit of 10.43 billion yuan, down 26.8% year-on-year [3][7]. - Revenue is expected to recover in the following years, with estimates of 71.22 billion yuan in 2025, 76.27 billion yuan in 2026, and 81.51 billion yuan in 2027 [7]. - The company’s earnings per share (EPS) is forecasted to increase from 0.55 yuan in 2024 to 0.85 yuan in 2027 [3][7]. Business Segment Performance - Wealth technology services reported revenue of 1.43 billion yuan, down 17.5% year-on-year [7]. - Asset management technology services generated 1.57 billion yuan, a decline of 8.38% year-on-year [7]. - Operations and institutional technology services saw revenue of 1.29 billion yuan, down 10.24% year-on-year [7]. - Innovative business revenue was 515 million yuan, decreasing by 7.34% year-on-year [7]. - Data services revenue reached 354 million yuan, down 8.13% year-on-year [7]. Valuation Metrics - The company is projected to have a price-to-earnings (P/E) ratio of 47 in 2024, decreasing to 31 by 2027 [3]. - The price-to-book (P/B) ratio is expected to decline from 5.6 in 2024 to 4.0 in 2027 [3]. - The target price is set at 33 yuan, based on a 50 times P/E for 2025 [7].