2025年，在"推动产业智能化、绿色化、融合化"发展导向下，中国电信翼支付紧扣"做强移动支付基础 设施、打造央企产业数据运营平台"，积极响应国家关于发展新质生产力与提升产业链韧性的战略部 署，构建起"数据科技+支付科技"双轮驱动的发展格局。以此为支撑，中国电信翼支付以"数据运营驱动 的穿透式监管"为智能抓手，以"自主可控系统"为安全基石，以"支付科技"作为连接与赋能的关键纽 带，着力打造安全、智能、高效的价值赋能平台，全面助推现代产业链实现智能化升级与可持续重塑。 强化智慧监管能力，以穿透式监管筑牢合规风控堤坝 面对日益复杂的经济环境与趋严的合规要求，实现全流程、可追溯的"穿透式监管"已成为行业强化治 理、防范系统性风险的内在需求。中国电信翼支付深度应用数据科技能力，打造了以"穿透式监管"为核 心理念的智慧产品体系——"御风"穿透式监管体系。该体系并非简单的数据可视化看板，而是构建了 以"大数据+AI"为双引擎的智能监管系统，涵盖智能化穿透式监管平台、风控预警原子能力体系、AI智 慧运营产品三大应用体系，旨在破解传统管理中存在的数据孤岛、关联隐蔽、响应滞后等痛点，能够自 动追溯复杂股权架构下的资金流向、精准识 ...

拓展生态边界，推动现代产业链焕新升级 自2023年获批成为移动支付现代产业链链长以来，中国电信主动谋篇筑链，以翼支付为核心载体，致力于推动现代产业链协同创新与融通发展。 12月5日，2025数智科技生态大会期间，中国电信现代产业链焕新升级共链大会暨AI+智慧监管生态合作论坛在广州成功举办。论坛旨在进一步响应国家培 育新质生产力、构建现代化产业体系的战略部署，全面呈现现代产业链从基础支付向数字消费与数据运营焕新升级的实践与成效。来自数字消费、智慧监 管、财司等领域的400余位产业链生态合作伙伴齐聚一堂，围绕现代产业链焕新升级的新内涵、新举措、新成果展开深入探讨。会上，中国电信翼支付携手 多家产业链伙伴启动"现代产业链焕新升级共链行动暨数字消费权益生态联盟"与"智慧监管御风品牌发布暨生态联盟"，发布现代产业链供需清单，全面呈现 科技赋能下的产业链焕新升级新范式。 中国电信作为建设网络强国、科技强国、数字中国和维护网信安全的国家队和主力军，持续建强智能化综合性数字信息基础设施，聚焦智算云、数据、通用 大模型、行业大模型等领域，夯实数字科技底座能力、强化应用落地成效显著。 为更好服务国家战略，激发高质量发展新动能，中 ...

Group 1 - Minsheng Bank has terminated its financial product distribution cooperation with "China Mobile and Package" (中移和包), effective September 19, limiting the platform to only query Minsheng Bank's services without further operations [1][2] - The bank is also in the process of ending its distribution cooperation with Huaneng Group's Yun Cheng Jin Fu, alongside previously announced terminations with "Huawei Wallet" and "Yutong Life" [2][3][4] - A new regulatory framework issued by the National Financial Supervision Administration will take effect on October 1, restricting commercial banks from outsourcing sales processes or embedding sales activities within third-party platforms [3][4][6] Group 2 - Following the termination of cooperation with "Yipay," users will no longer be able to access Minsheng Bank's fund distribution services through the app starting September 24, 2025 [5] - The closure of the fund distribution channel on "Yipay" will prevent users from querying or transacting with specific fund products, requiring them to use Minsheng Bank's app for such operations [5][6] - The changes reflect a broader industry shift towards compliance with new regulations, which will eliminate the previous model where users could access Minsheng Bank's products through third-party apps without holding a Minsheng Bank account [6]

Core Viewpoint - China Telecom has launched the "Wings to Prosperity" initiative in Dongguan, aiming to enhance agricultural product sales through digital technology and innovative models, thereby supporting rural revitalization and responding to national policies on agricultural consumption [2][7][11]. Group 1: Initiative Launch - The "Wings to Prosperity" plan was officially launched by China Telecom's Dongguan branch, involving key stakeholders including agricultural associations and local companies [2][3]. - The initiative features the "Fengshengnian Supply Hong Kong Edible Vegetable Gift Box," which is now available on the China Telecom Wings Payment platform [5][24]. Group 2: Digital Integration - The program utilizes a live-streaming sales approach to reach consumers, showcasing the integration of digital technology in agricultural product marketing [6][8]. - The initiative aligns with the national "Implementation Plan for Promoting Agricultural Product Consumption," focusing on optimizing supply and innovating circulation [11][12]. Group 3: Sales Model Innovation - A new "Hall-Store Integration" model has been introduced, combining offline telecom service points with online sales through Wings Payment, creating a seamless purchasing experience [13][14]. - Customers can experience products in-store and order via the Wings Payment app, with options for local pickup or home delivery [15][28]. Group 4: Technology and Collaboration - China Telecom plans to leverage 5G, cloud computing, and big data to enhance agricultural product distribution and sales efficiency [33][35]. - The collaboration aims to address distribution bottlenecks and ensure high-quality agricultural products reach consumers effectively [35][40]. Group 5: Future Plans - The initiative will expand to over 200 telecom service points in Dongguan, enhancing consumer access to quality agricultural products [29]. - Future efforts will include exploring more innovative sales models, such as live-streaming sales, to deepen the integration of agricultural consumption and the digital economy [41][46].

Group 1: Core Insights - The integration of 5G and digital technologies is significantly enhancing rural and urban development, improving efficiency in village governance and agricultural practices [2][4] - The Z generation (born 1995-2009) is a major driver of consumption in China, contributing 40% of the consumption power despite being only 20% of the population, with a projected market impact exceeding 5 trillion yuan [3][4] - The Chinese government is focusing on cultivating new consumption models that align with digitalization, innovation, and sustainability, creating opportunities for companies like China Telecom [4][9] Group 2: Company Initiatives - China Telecom is leveraging its technological capabilities to support rural e-commerce and enhance farmers' income through platforms like Yipay, facilitating the sale of agricultural products [5][8] - The company has established AI digital person e-commerce live streaming training bases, creating a comprehensive digital marketing ecosystem that has saved costs and generated significant sales [6][9] - China Telecom's initiatives in digital applications have led to substantial contributions to agricultural product sales, with a total of 27.3 billion yuan in purchases and various promotional activities [8][9] Group 3: Market Trends - The rise of live e-commerce and digital marketing is reshaping consumption patterns in rural areas, with digital influencers becoming key players in driving sales [6][9] - The integration of virtual reality and data analytics in commerce is enhancing consumer engagement and optimizing supply chain responses, as seen in the tea industry in Fujian [8][9] - The overall trend indicates a shift towards a more digital and interconnected consumer experience, driven by technological advancements and changing consumer preferences [3][4][9]