• 2025-05
    18

    On the 17th, Science and Technology Innovation Board Daily reported that at the OceanBase developer conference held today, Ant Group CTO He Zhengyu stated that without data, there would be no development of AI. The boundaries of data determine the upper limit of the capabilities of big models, and all data companies will become AI companies. At present, the source of the big model illusion is the lack of data. Cheap Internet data is about to run out, leading to an increase in data acquisition costs. In addition, there are challenges such as scarce and difficult flow of rigorous industry data, difficulty in processing multimodal data, and difficulty in evaluating data quality. The success of future enterprises will mainly depend on how data is generated and applied. He Zhengyu stated that Ant Group will support OceanBase’s breakthroughs in core Ant AI scenarios such as finance, healthcare, and daily life, while continuing to support OceanBase’s open source and promote the realization of AGI dreams. (Reporter Huang Xinyi)

  • On May 17th, the Shenzhen Stock Exchange will hold the 2025 Global Investor Conference in Shenzhen from May 19th to 20th, with the theme of “New Quality Productivity: Investing in China’s New Opportunities – Open and Innovative Shenzhen Market”. Through various forms such as keynote speeches, roundtable discussions, and company roadshows, the conference will showcase the investment value of Chinese assets and the A-share market.

  • 2025-05
    17

    On May 17th, several credit card cash installment rates have recently fallen below 3%, bidding farewell to the market. The reporter observed that some bank credit card centers have reduced the intensity of cash installment interest rate discounts, resulting in the annual installment interest rate rising to over 3%. In this way, the actual interest rate level of cash installment is also on par with the guidance of the consumer loan limit policy. Previously, some banks and credit cards launched cash installment limited time discount activities with varying degrees of intensity: the interest discount could be as low as 20% or less, making the overall cash installment annual interest rate calculated to be below 3%. (Securities China)

  • On May 17th, a spokesperson for the Chinese Embassy in Argentina stated that the remarks made by the outgoing US State Department’s Special Envoy for Latin American Affairs, Carlone, regarding the exchange and cooperation of Chinese and Argentine currencies are full of Monroe Doctrine clich é s. As is well known, the exchange and cooperation of Chinese and Arab currencies is a mutually beneficial cooperation mode decided independently by two sovereign countries, and the US has no right to interfere. If acting according to the “orders” of the United States is the so-called “freedom”, this is actually the greatest lack of freedom. The Chinese side advises the US to do more practical things for the development of other countries instead of sowing discord through practical cooperation with them.

  • On May 17th, a spokesperson for the North Korean Ministry of Foreign Affairs stated in a statement on the 16th that the US State Department has recently reclassified the Democratic People’s Republic of Korea as a “non cooperative country in counter-terrorism operations” for political provocation, citing non cooperation with its “counter-terrorism efforts”. The spokesperson stated that the Democratic People’s Republic of Korea will never tolerate any external forces attempting to infringe upon its national dignity, sovereignty, and security interests, and will take effective and appropriate countermeasures in various fields to respond to the hostile and provocative actions of the United States.

  • On May 17th, according to informed sources, the US government is developing a plan to permanently relocate up to one million Palestinians from the Gaza Strip to Libya. According to informed sources, as a condition for Palestinian resettlement, the US government may release billions of dollars in funds frozen by the US over a decade ago to Libya. At present, no final agreement has been reached, but the US government has discussed with the Libyan leadership.

  • On May 17th, the US Supreme Court temporarily upheld the original verdict on the 16th local time, preventing the Trump administration from deporting Venezuelan immigrants under the Foreign Enemy Act. On the same day, the US appellate court rejected the Trump administration’s request to quickly deport immigrants to non home countries.

  • On May 17th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 13th, US speculators increased their CME net short position in the S&P 500 index by 31350 lots to 287281 lots, while stock fund managers increased their CME net long position in the S&P 500 index by 44461 lots to 857623 lots.

  • On May 17, according to the U.S. Commodity Futures Trading Commission (CFTC), as of the week of May 13, speculators had increased CBOT’s net short position of two-year treasury bond futures by 1439 hands to 1222232 hands, that of five-year treasury bond futures by 116453 hands to 2180043 hands, that of 10-year treasury bond futures by 62817 hands to 890351 hands, and that of ultra long treasury bond futures by 3553 hands to 261222 hands.

  • On May 17th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 13th, the speculative net long position of WTI crude oil futures increased by 556 lots to 94152 lots; The net long position of natural gas futures in the NYMEX and ICE markets increased by 13383 lots to 211101 lots; The net long position in NYMEX gasoline increased to 39286 contracts, reaching a six week high; The net short position in NYMEX heating oil has decreased to 17151 contracts.