【大河财立方 记者 程帅星 见习记者 岳炎霖 文 吴瑞森 摄影】11月1日，第三届"郑州企业家日"系列活动开幕。大河财立方 记者现场看到，明泰铝业董事长刘杰，UU跑腿创始人、董事长乔松涛，中孚实业董事长马文超，白象食品董事长姚忠良等 多位企业家现身开幕式现场，部分企业家围绕AI技术应用、最新研发成果、未来展望等作了分享。 "程序员、客服、创意内容生产者等群体面对AI时最容易焦虑，担心被替代，但我在公司内部讲过很多次，这根本不是问 题。AI能把单一能力的人变成复合能力的人，能让人变得更加强大，应该去拥抱它而不是逃避。"乔松涛说，"对于企业来 说，要把AI当成一个员工，而不是冰冷的工具，要让AI参与共同决策。" 蓝文广说，新一代AI技术正在重构企业的生产方式和业务框架，过去的"活动级智能体"只能完成客服问答、合同生成等单 点任务，而未来的"生态级智能体"将突破企业边界，推动内部资源与上下游生态深度融合，实现跨领域、跨专业的能力协 同。同时，企业日常生产作业将由AI自主决策，并由多智能体共同支撑。 "我们预判以AI为基础的智能体未来将成为业务处理的基本单元，预计2027年，相关企业50%的业务会通过AI完成。单一智 ...

Core Viewpoint - The market's perception of the recent interest rate cut has shifted to a "hawkish cut," indicating that the extent of policy easing did not meet the market's expectations for a "liquidity feast" [3][4]. Group 1: Interest Rate Decision and Market Reaction - The Federal Reserve announced a 25 basis point rate cut, lowering the target range for the federal funds rate to 3.75%-4.00%, and will end quantitative tightening on December 1 [3]. - Despite the rate cut, the market reacted negatively, with the Dow Jones falling by 0.16% and the Nasdaq showing a slight increase of 0.55%, indicating a mixed response to the Fed's decision [3]. - The market's expectations for a December rate cut dropped significantly, with implied probabilities falling from over 90% to between 65%-71% [4][6]. Group 2: Market Dynamics and Economic Indicators - The market's prior optimism was evident with significant movements in various assets, including the Shanghai Composite Index surpassing 4000 points and gold prices breaching $4000 per ounce [6]. - The Fed's decision was complicated by the absence of key economic data due to government shutdowns, leading to a sense of uncertainty in decision-making [8][9]. - The Fed's statement reflected a cautious approach, acknowledging incomplete data and shifting from "growth slowdown" to "moderate expansion," indicating a more dovish stance [9]. Group 3: Global Liquidity and Reserve Changes - A significant shift in global liquidity dynamics is occurring, with central banks increasing their gold reserves from 24% to 30% since June [15]. - The attractiveness of U.S. Treasury bonds is declining due to factors such as high inflation and concerns over U.S. fiscal policies, leading to a potential reallocation of reserves towards gold [16]. - The international monetary system is undergoing changes, influenced by the weakening of dollar credit and the rise of alternative assets like gold [17][18]. Group 4: Investment Implications - Investors are advised to avoid betting against the Federal Reserve, especially during periods of data uncertainty, as the real risk lies in underestimating asset price vulnerabilities [21]. - The recent pullback in gold prices may present a buying opportunity for long-term investors, although short-term fluctuations are expected [21].

Core Viewpoint - The third quarter reports of A-share listed companies show overall growth in both operating income and net profit compared to the same period last year, indicating a positive trend in the market and potential investment opportunities [1][2]. Financial Performance - As of October 29, 3073 listed companies reported a total operating income of 6.90 trillion yuan and a net profit of 580 billion yuan for the third quarter, representing year-on-year growth of 6.08% and 20.74% respectively [2]. - For the first three quarters, the total operating income reached 19.72 trillion yuan and net profit was 1.64 trillion yuan, with year-on-year growth of 3.15% and 9.66% [2]. Sector Highlights - Key sectors showing strong performance include AI, new energy, gaming, and financial services, with notable growth in companies related to overseas and domestic computing power, PCB, wind energy, and storage [3][4]. - The technology sector is identified as a core focus for investment, with solid performance in AI computing power, semiconductor equipment, and materials [5][6]. Investment Strategies - Fund managers suggest focusing on companies with strong performance indicators such as prepayments, inventory, and ongoing projects to assess future earnings certainty [4]. - There is an emphasis on identifying investment opportunities in technology and new energy sectors, particularly in areas benefiting from domestic substitution and price recovery [5][7]. Long-term Value - The third quarter reports serve as a critical reflection of companies' annual performance, helping to validate initial plans and expectations set at the beginning of the year [7]. - Investors are advised to analyze the quality of earnings growth and cash flow, as well as to compare quarterly performance trends to identify potential investment opportunities [8].

Group 1 - Over 60% of private equity firms plan to maintain high positions (over 70% allocation) during the upcoming holidays, indicating a positive outlook for the market post-holiday [1] - 65.38% of surveyed private equity firms intend to keep positions above 70%, while 17.31% prefer a moderate allocation (50% to 70%) focusing on structural opportunities post-holiday [1] - Approximately 70% of private equity firms are optimistic about the A-share market's performance after the holiday, expecting gradual recovery after a period of consolidation [1] Group 2 - The technology growth sector remains the mainstream choice among private equity firms, with nearly 60% favoring sectors like AI, semiconductors, humanoid robots, smart driving, and innovative pharmaceuticals [2] - Some firms, such as Anhui Anjue Asset Management, express a neutral to positive outlook for the A-share market, anticipating that capital inflow and sentiment recovery will drive market fluctuations upward [2] - The overall sentiment among private equity firms is optimistic regarding the post-holiday market, with a consensus on technology growth as the leading direction while maintaining a balanced approach in structural rotation [3]

Core Insights - The article emphasizes that artificial intelligence (AI) is crucial for the survival of the financial industry, marking a pivotal moment akin to the internet boom in 1996 [1][3] - A survey indicates that 17% of financial institutions have achieved over 10% efficiency gains through AI, with leading firms seeing investment returns five times higher than their peers [1][3] - AI enhances traditional banking advantages, such as trust and data, transforming them into new revenue streams [1][3] Efficiency and Cost Reduction - Institutions utilizing AI have significantly reduced loan approval processes from days to minutes, cutting costs by 70% while increasing revenue by 50% [1][3] - The disparity between banks that have adopted AI and those that are still hesitant is widening, with fintech companies capturing market share due to their rapid growth rates in retail brokerage and payments, often around 30% [1][3] Leadership and Strategy - True AI leaders in banking treat data as a product, view employees as AI partners, and engage their boards as technology advocates, focusing on tangible metrics like marginal costs and employee engagement [1][3] - The article highlights the successful application of AI in China across various sectors, including finance, healthcare, and manufacturing, showcasing its potential to enhance efficiency and create jobs [1][3] Future Outlook - AI is not expected to eliminate banks but will likely phase out those that fail to leverage AI effectively [1][3] - The current moment is seen as critical for banks to transition from pilot projects to profitability through AI integration [1][3]

Group 1: Macro Economic Outlook - Multiple public fund institutions believe the economy is at a critical stabilization phase, with clear macro policy signals aimed at steady growth [2] - Monetary policy is moderately loose, and fiscal policy is increasingly proactive, covering areas from traditional investments to consumption and real estate [2] - Investment in new productive forces is on the rise, suggesting a favorable era for RMB assets [2] Group 2: Market Sentiment on A-shares and H-shares - Public fund institutions generally hold an optimistic view on A-share and H-share market trends, citing high attractiveness for equity assets based on stock-bond valuation indicators [3] - Confidence in the capital market's medium to long-term development is supported by government policies and improving corporate governance [3] - The expectation of increased foreign capital inflow into A-shares and H-shares is driven by a weakening US economy and excess savings entering various financial products [3][4] Group 3: Investment Focus Areas - Technology, pharmaceuticals, and gold are highlighted as key investment sectors in the autumn investment strategy meetings [3][4] - The technology sector remains a primary focus, with an emphasis on high-end manufacturing and hard technology, particularly AI [3][4] - The pharmaceutical sector is expected to perform well in the medium to long term, with growth potential in oncology, weight loss drugs, and autoimmune disease treatments [4] - Gold is seen as having significant allocation value due to a weak dollar trend and uncertainties in the global economy, although short-term fluctuations may occur [4]

在全球贸易格局深度重构和中国经济运行稳中向好的背景下，人工智能正加速融入企业经营管理的各个环节，从辅助工具跃升为新型"生产力系统"。2025年 上半年，面对快速演进的技术周期，中国企业家的判断力与行动力，正在成为微观经济韧性的真实写照。 7月10日、11日、15日，2025新京报贝壳财经年会在北京和上海举行，今年的主题为"中国经济：开放与韧性共生长"。7月10日，"新京报贝壳财经年会·未来 大会"上，《中国企业家人工智能应用调研报告（2025）》（以下简称《报告》）正式发布，揭晓中国企业人工智能应用的十大趋势。 2025年6月，新京报贝壳财经发起《企业家人工智能应用调查》，覆盖制造、科技、金融、互联网等18个行业，收集128位企业负责人的有效样本，企业类型 涵盖中小企业、大型集团、初创公司与头部平台，其中42.97%为成立十年以上的成熟企业，17.19%为大型企业，35.16%为微型企业。这一多样化样本使报 告具备较强的广谱参考价值和现实温度。 《报告》总结了企业加速部署人工智能时呈现的三个关键趋势，并为推动"人工智能+"的深水区突围给出四大发展建议。 1. 展望：推动"人工智能+"行动走深走实，构建企业智能 ...

7月18日上午，由上海市委网信办、普陀区委网信委共同主办的2025年上海市全民数字素养与技能提升 月成果交流活动在半马苏河国际会议中心举行。 7月18日上午，由上海市委网信办、普陀区委网信委共同主办的2025年上海市全民数字素养与技能提升 月成果交流活动在半马苏河国际会议中心举行。 在提升月期间，200余场线下"AI暖银发"培训，"手把手"帮助2.5万余位老年人掌握AI使用技能，跨 越"数字鸿沟"；开设"职场核心场景AI应用实践课"等定制化培训，让AI成为企业员工的"好帮手"；组建 多个企业助力团、公益讲师团，各领域百余名讲师共同开展数字素养与技能科普推广；举办"人工智能 跨界创新实践周"等创新活动，覆盖3000余名青少年，推动AI应用从"能用"向"善创"进阶。 这些活动让不同年龄、不同身份的市民都能走近AI、感受AI、学用AI，营造了全民数字素养与技能提 升的浓厚氛围。 聚焦"携手AI 焕新'申'活"主题，上海在全民数字素养与技能提升月期间组织开展4900余场活动，覆盖青 少年、老年人、残疾人等各类重点群体，触达全市216个街镇，提升月地铁文化专列及公益广告覆盖人 流近千万人次，各项主题活动作品数量再次创下 ...

随着全球不确定性加剧，经济碎片化态势不减，传统货物贸易面临诸多挑战，而服务贸易、数字贸易等 新经贸形态兴起，成为培育外贸发展新动能的关键领域。5月17日至18日，2025清华五道口全球金融论 坛在深圳举行。围绕新经贸形态发展的挑战及机遇等话题，清华大学五道口金融学院副院长张晓燕在接 受南方都市报专访时表示，作为对外开放发展的前沿阵地，大湾区在推动金融、人工智能跨境合作上将 大有作为。 在当前关税战升温、全球经贸关系紧张的背景下，技术正成为重塑国际金融竞争格局的核心力量。张晓 燕进一步分析，一方面，先进技术特别是金融科技的迅猛发展正在推动资本流动、支付清算、风险管理 等领域的效率变革，使拥有技术优势的国家在金融体系中获得更强的资源配置能力和议价权。 另一方面，技术也在逐步演化为非传统的"金融壁垒"，通过数据主权、算法控制、数字货币等新手段参 与全球竞争。因此，未来国际金融的主导权将更多取决于一国技术创新能力与制度支撑的深度融合，而 不仅仅是传统的贸易规则与资本实力。 在当下，人工智能成为技术竞争的"黄金赛道"。在张晓燕看来，AI需要有效使用，"AI首先要'善用'， 其次是'共建'。"她特别提到，在大湾区，尤其是 ...