Quick Facts
1. The Shenzhen Banking and Insurance Regulatory Bureau issued 15 fines in a row, and CCB and ICBC each received a fine of 1 million
2. Douyin expands self-operated e-commerce? Response: A business attempt will be made
3. HUAWEI CLOUD launched GaussDB, a next-generation distributed database
4. The deposit interest rates of many major banks will be lowered again: RMB and US dollar currencies are involved
5. Application scenario expansion, digital RMB into the "fast lane"
6. Lakara cancels a local small loan license
7. The pricing interest rate of life insurance products is about to be reduced, and annuity insurance and dividend insurance are expected to relay
8. Taobao released a star-making plan for small and medium-sized businesses
9, Apple acquires AR headset startup Mira
10. Sequoia Capital will split one into three and separate China, India/Southeast Asia operations
Source | Zero One Finance
Author | Xu Haoyuan
【Regulatory/Policy Dynamics】
The Shenzhen Banking and Insurance Regulatory Bureau issued 15 fines in a row, and CCB and ICBC each received a fine of 1 million
On June 7, recently, the Shenzhen Banking and Insurance Regulatory Bureau hung out 15 fines on the official website of the State Financial Regulatory Administration. Among them, CCB Shenzhen Branch received 7 fines, and was fined a total of 1 million yuan for serious failure in pre-loan investigation and illegal disposal of non-performing assets; In addition, ICBC Shenzhen Branch received 3 fines and was also fined 1 million.
The Jinan Start-up Zone has issued eight policies to cultivate the metaverse industry, with the highest award of 10 million
On June 7, recently, Jinan's new and old kinetic energy conversion starting area issued eight policies for the metaverse. It is reported that the start-up area will support the construction of a metaverse innovation platform. Financial subsidies of 30%, 20% and 10% of the actual investment amount will be given to newly recognized platforms at the national, provincial and municipal levels, with a maximum reward of 10 million yuan, 8 million yuan and 5 million yuan respectively. (Jinan Times)
【Company News】
Douyin expands self-operated e-commerce? Response: A business attempt will be made
On June 7, it was reported that Douyin is building and expanding its self-operated e-commerce business matrix in order to prepare for "618". In this regard, the relevant person in charge of Douyin e-commerce told reporters that in order to meet the needs of users at different stages, further optimize the user purchase experience, and expand the richness of goods, the platform will make some business attempts in self-operation for some categories that users need. (The Paper)
Lakara cancelled a local microcredit licence
On June 7, after the "code skipping" incident, Lakara's business adjustment actions continued. On June 5, a reporter from Beijing Business Daily noted that the Beijing Municipal Financial Supervision Bureau recently issued an announcement on the change of approval matters for microfinance companies, agreeing that Beijing Lakara Microcredit Co., Ltd. (hereinafter referred to as "Beijing Lakara Microloan") will no longer engage in microloan business. Earlier, Lakara withdrew from the ranks of shareholders of China Post Consumer Finance, and the registered capital of another online small loan license was also reduced to 200 million yuan. (Beijing Business Daily)
Agricultural Bank of China: Wu Gang became chief risk officer
On June 7, the Agricultural Bank of China issued an announcement on the evening of June 6 that it had recently received the qualification approval from the State Financial Regulatory Administration, and Wu Gang has been the bank's chief risk officer since June 1, 2023.
Wu Gang has been the Director General of the Audit Bureau of the Agricultural Bank of China since May 2018. He used to be the assistant general manager and deputy general manager of the business department of the Agricultural Bank of China, the general manager of the key account department/sales department and the vice president of the Beijing branch, the president of the Henan branch of the Agricultural Bank of China in June 2014, and the supervisor of the Agricultural Bank of China in October 2019.
iFLYTEK: Cooperate with South China University of Technology to explore innovative applications of brain-computer collaboration in medical and other fields
On June 6, iFLYTEK said that according to the phased milestone plan of the "iFLYTEK Super Brain 2030 Plan", the company will launch adaptive walking exoskeleton robots and accompany digital virtual human families in the second phase (2023-2025). Due to the complexity and particularity of the brain itself, medical ethics and other limitations, brain science is still in the stage of prospective research. The company and South China University of Technology and other cooperation to carry out forward-looking layout research, explore the innovative application of brain-computer collaboration in medical and other fields, the overall is still in the technical exploration period, the next step of related technologies may be to explore the application in scenarios such as brain wave control wheelchairs. (CaiLian News)
The new quantum computer "Wukong" is about to be released
On June 7, the 2023 Yangtze River Delta Region Major Leaders Symposium was held in Hefei City, Anhui Province from June 5 to 6. The meeting pointed out that it is necessary to plan to build an intercity trunk network of quantum communication in the Yangtze River Delta region. During the conference, the first quantitative super collaborative innovation center in the Yangtze River Delta was established by the Shanghai Supercomputing Center and Origin Quantum Computing Technology (Hefei) Co., Ltd. It was revealed that Origin Quantum (Hefei) Lab is making final debugs for the new quantum computer "Wukong" to be released next month. (CaiLian News)
HUAWEI CLOUD launched GaussDB, a next-generation distributed database
On June 7, at the Huawei Global Smart Finance Summit 2023, Zhang Pingan, Executive Director of Huawei and CEO of HUAWEI CLOUD, officially released GaussDB, a next-generation distributed database. He said that Huawei began to invest in database research and development as early as 2001, and GaussDB has been used in Huawei's internal IT systems and core business systems in many industries. In the future, GaussDB will deeply cultivate financial scenarios, move from the financial industry to other industries with high requirements for databases, and move from innovative scenarios in China to global customers.
SenseTime and Shanghai AI Lab released the "Shusheng Puyu" large model
On June 7, SenseTime and Shanghai AI Lab, together with Hong Kong Chinese University, Fudan University and Shanghai Jiao Tong University, released the 100-billion-level parameter large-language model "InternLM". With 104 billion parameters, Shusheng Puyu is trained on a multilingual high-quality dataset containing 1.6 trillion tokens. The comprehensive evaluation results show that "Shusheng Puyu" not only performs well in multiple test tasks such as knowledge mastery, reading comprehension, mathematical reasoning, multilingual translation, etc., but also has strong comprehensive ability, so it performs well in comprehensive examinations, and achieves results beyond ChatGPT in a number of Chinese exams, including the dataset of various subjects in the Chinese college entrance examination (GaoKao). (CaiLian News)
Guo Yang, the technical backbone of Baidu Apollo, left
On June 7, Guo Yang, chief product architect of Baidu IDG (Intelligent Driving Business Group), has left, and relevant information cannot be found internally. Previously, Guo Yang was mainly responsible for the implementation of intelligent driving products such as autonomous parking (AVP) and ANP 2.0 on Baidu's Apollo platform, and reported to Chu Ruisong, general manager of IDG's intelligent vehicle business unit. In response to the above information, 36Kr asked Baidu for verification. Baidu responded: "Apollo's automotive intelligent business is not affected in any way, and all projects are advancing at a normal pace. (36 Kr)
Taobao released a star-making program for small and medium-sized businesses
On June 7, Taobao launched a star-making program for small and medium-sized businesses. According to reports, the plan aims at new merchants from store opening to stable operation, and launches a number of practical measures including advertising subsidy coupons of up to 2,000 yuan, exclusive star-making traffic support, etc., to help newly opened small and medium-sized businesses accelerate their growth. The plan also includes growth rights and benefits for new merchants, including free deposit for opening a store, free use of business tools, free door-to-door pickup, etc., to help new merchants quickly open orders and enter the next stage. (36 Kr)
【Industry News】
The deposit interest rates of many major banks will be lowered again: RMB and US dollar currencies are involved
On June 7, a number of large state-owned banks will recently cut some deposit interest rates, involving RMB and US dollar currencies. Among them, the interest rate of RMB demand deposits was reduced by 5 basis points, and the interest rate of some time deposits was reduced by 10 basis points; US dollar time deposits are also reduced according to different terms and sizes, and the interest rate of 1-year US dollar time deposits above 50,000 US dollars (inclusive) is not higher than 4.3%, and the interest rate of this variety can reach up to about 5% in some major banks. Analysts said that since the beginning of 2023, due to the weakening of economic recovery, residents' consumption and corporate investment willingness are low, the demand for currency transactionality is still weak, and corporate and resident deposits continue to show obvious regularization characteristics. For the top banks, the proportion of core liabilities is higher, and the drag on deposit regularization is more obvious. At present, the long-end interest rate level of core deposits is significantly higher than the market interest rate, and the necessity of adjustment under the background of deposit regularization has increased. (Securities Times)
Application Scenario Expansion, Digital RMB Enters the "Fast Lane"
On June 7, from the recent launch of the "Suzhou Housing Provident Fund Digital RMB Scenario Application Standard (Trial)" by the Suzhou Provident Fund Center to the pilot use of digital RMB to pay wages in Changshu, Jiangsu, to the new "boarding code" function of the digital RMB APP... Recently, the new scenario of digital RMB has accelerated. Experts believe that the current application scenarios of digital RMB are steadily expanding, the transaction amount and stock are also increasing, and the relevant management and statistical systems are constantly improving. As various localities further clarify the promotion goals of the digital RMB pilot work, the application scenarios of digital RMB are expected to continue to expand, and the next three years are expected to usher in a period of rapid development. (Suzhou Provident Fund Centre)
The pricing interest rate of life insurance products is about to be reduced, and annuity insurance and dividend insurance are expected to relay
On June 7, the reporter learned from the industry that with the upcoming reduction of the liability reserve assessment rate, some insurance companies' 3.5% predetermined interest rate life insurance products may be removed before the end of June, and some insurance companies are already planning new product sales strategies. An insurance agent of an insurance brokerage company in Shanghai told reporters that at present, insurance companies are actively preparing new products, and there are mainly two ideas: first, replace the previous old products with increased whole life insurance products adjusted by pricing interest rates; Secondly, we will actively deploy annuity insurance and dividend insurance, and relay increased whole life insurance as the main product. (SSE Report)
In the first quarter Chinese mainland AR/VR product sales increased 62% year-on-year
On June 7, according to CINNO Research statistics, in the first quarter of 2023, the total sales of Chinese mainland AR/VR machines totaled 220,000 units, although it fell by 11% from the fourth quarter of 2022, it still far exceeded the performance of other third quarters, with a year-on-year increase of 62%. Considering that the first quarter is a traditional sales off-season, this performance is already better than most other consumer electronics categories. The AR/VR market is growing year by year. (Golden Ten Data)
【International News】
Apple acquires AR headset startup Mira
On June 7, it was reported that Apple has acquired AR headset startup Mira, a Los Angeles-based augmented reality startup that produces headsets for other companies. Apple has confirmed the acquisition. It's unclear how much Apple paid for Mira, which has raised about $17 million to date. Jony Ive, Apple's former design director, was a consultant to Apple. The news of the acquisition comes just a day after Apple released a mixed reality headset called Vision Pro. (CaiLian News)
Sequoia Capital will split into three to separate China, India/Southeast Asia operations
News on June 6, global VC giant Sequoia Capital officially announced that it will completely split Sequoia's local funds in the United States and Europe, China, India/Southeast Asia, each operating completely independently, and using different brands to conduct business, and the separation plan will be completed by the end of March 2024. Sequoia America and Europe will continue to use the "Sequoia Capital" brand, Sequoia China will continue to use the Chinese brand name of "Sequoia" and adopt "HongShan" as the English brand name, and Sequoia India/Southeast Asia will change its name to "Peak XV Partners". (Investment community)
05
【Today's Viewpoint】
Huawei Meng Wanzhou: Digital and intelligent transformation are new drivers of economic development
On June 7, at Huawei's Global Smart Finance Summit 2023, Meng Wanzhou, Huawei's rotating chairman, said that digital and intelligent transformation is a new driving force for economic development, and everything is becoming perceptible, connected, and intelligent. In the process, the financial industry will also be reshaped, and generative artificial intelligence, cloud native, Internet of Things, blockchain, 5G/5.5G, etc. will affect the future of finance. Huawei will continue to invest in root technology research in the two major industries of computing and connectivity, deepen cooperation with partners, develop the industry ecosystem through open software and open hardware, and enable more partners and developers to participate in solution innovation. (Science and Technology Innovation Daily)
Polls show that more than eighty percent of young Japanese are worried about jobs being taken away by generative AI
On June 7, the Japanese consulting service Laibo's "Job Comprehensive Research" recently conducted a survey of local private companies on generative AI. The survey was conducted online on May 2-3, with the participation of 956 people aged 20-59, and the results of the survey were released at the end of the month. IT House learned from Japan's Kyodo News Agency that 76.9% of people believe that generative AI in the "ChatGPT" category "will take away human jobs" after the evolution of generative AI. Among the younger group, the proportion of people who are concerned about this performance is even higher, reaching 81.7%. (IT House)
End.
On Douyin's "Zero One Circle of Friends", the essence video of "The Rise of the Data Economy and the Game of Personal Privacy" has been launched
Please leave a message for reprinting, cooperation and exchange,
Data and business cooperation: 13261990570 (same number as WeChat)
Customer service WeChat: lycj002
![History of Russia: 9 maps revealing the struggle between Russia and Poland[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)