Cloud POS apps usually work on tablets and smartphones to receive payments from anywhere, as long as you have a 3G, 4G or Wi-Fi connection. Chip, non-contact or swipe cards should be processed through a card reader, but there are many integrated and wireless card machines that can be used with cloud-based POS systems. Management functions can be accessed through a web browser anywhere.

Leveraging strong R&D platforms, Innovent has built a robust pipeline of 25 clinical-stage assets in the fields of cancer, metabolic, autoimmune diseases and other major therapeutic areas, with 5 products, including Tyvyt (sintilimab injection, PD-1 antibody), Byvasda (bevacizumab injection), Sulinno (adalimumab injection) and Halpryza (rituximab injection) approved by the National Medicine Products Administration (NMPA) for marketing in Mainland China and IBI375 (Pemigatinib, FGFR1/2/3 inhibitor) approved by Taiwan Food and Drug Administration (TFDA), 6 assets in pivotal clinical trials, and additional 14 molecules in early clinical stage.

According to the World Bank, the US and Euro Area economies had substantial declines of 3 6 percent and 7 4 percent in FY 2020 respectively, resulting in a 4 3 percent slowdown in the global economy However, while Asian countries are expected to make a strong comeback, but still many economies will witness contracts until the end of 2021  With the rollout of the vaccine, across the world in 2021 the global economy is expected to expand by roughly 4 in 2021 However, in January 2021 the World Bank stated in its Global Economic Prospects that the recovery will be slow unless governments around the world take effective action to control the pandemic and begin implementing investment enhancing reforms, as well as vaccination campaigns, strict health policies, and financial support

The power generation industry volume is defined as the total electrical energy (TWh) generated within a country over the course of each calendar year. The value of the industry is obtained by multiplying volume of generated energy by the appropriate annual average non-household power price, or equivalent, excluding taxes and levies. The power generation industry is segmented by volume into electricity produced from nuclear, conventional (thermal generation from fossil fuels), and renewable (hydropower, wind, solar PV, biomass, and geothermal) sources.

COVID-19 forced organizations around the world to enact radically new ways of working and operating amid the pandemic’s human and economic impacts. Organizations had to respond to a sudden, unforeseen crisis whose rapidly changing nature confounded efforts to predict and plan for events. The pandemic brought into sharp relief the pitfalls of strategies that envision moving from point A to point B on a static path, and that assume that one has years, not months or weeks, in which to rethink outdated views and establish a new set of truths. As we all learned the hard way, in an environment that can shift from moment to moment, the paths and time frames to achieving one’s goals must shift as well.

The BFSI industry includes commercial banks, insurance companies, non-banking financial companies, and other entities. The availability of new channels to improve the customer experience means that security capabilities across the organization must be improved. BFSI security includes cybersecurity and the physical security of banking and other financial organizations.

Despite the unpredictability of the weather, microbes are expected to emerge as a low-cost, high-yielding input. With increasing investments from the institutional sector and venture capital, metabolomics and strain enhancement efforts are underway to expand biopesticides to help optimise acre production. The ongoing research into the development of new microbial products is likely to support the market's growth.

财政财政，以“政”领“财”，以“财”辅“政”，财是表象，政是根本。政府职能的发挥离不开财政的支持，这决定了财政在经济社会中牵一发而动全身的作用。财政事关改革、发展与稳定。改革影响的利益群体需要财政资金支持，方能保持社会稳定和改革顺利推进；中国还是发展中国家，财政从“吃饭财政”进入到“建设财政”与“民生财政“之间，财政通过基建投资扩大需求发挥逆周期调节，同时通过教育等人力资本投资有力地支持了经济发展；财政亦通过外交、国防、军队支出维护外部秩序稳定，通过公共安全支出和稳就业等维护内部秩序稳定。一言以蔽之，财政是经济社会风险的最后防线，财政是中国经济矛盾的总根源。未来在中国式现代化实现过程中，经济社会发展面临的不确定性越来越大，结构性改革必要性突出，财政将发挥更大的作用。

9 月新增社会融资规模3.53 万亿元，同比多增6274 亿元，主要受益于人民币贷款和委托贷款高增带动，其中：9 月新增人民币贷款2.57 万亿元，同比多增7964 亿元。信贷需求有所恢复，主要为企业中长期贷款带动。9 月委托贷款新增1507 亿元，同比多增1529 亿元，委托贷款连续两月高增，主要是因为政策性开发性金融工具发力以及政策调整下公积金贷款发放。

非银板块整体估值位于历史低位，悲观情绪反映较为充分，国内经济企稳、外围 局势缓和以及政策信号改善有望驱动非银板块估值修复。从3 季报角度看，保险 3 季度NBV 同比降幅有望逐步收窄，财险仍有望保持较好的景气度；券商受股 市下跌影响3 季度同比增速或与中报降幅接近，交易量已在底部区间，关注左侧 机会。

2022 年上半年以来，我国保险行业竞争格局基本保持稳定，保险行业市场集中度仍较高；人身险公司保费收入同比有所回升，同时得益于乘用车市场表现较好叠加非车险业务较快增长，财产险公司保费收入增速较快；《保险公司偿付能力监管规则（Ⅱ）》的实施及资本市场行情走低等因素均对保险公司偿付能力充足水平带来较大影响；上市险企保险业务收入同比增速出现一定分化，整体投资收益水平承压。展望未来，人身险行业将持续优化转型，车险业务发展趋稳，非车险业务收入占比或将持续提升；规则Ⅱ的实施将不断强化保险风险管理水平，但其对保险公司偿付能力充足水平及资本补充压力等带来的影响仍需保持关注。整体看，我国保险行业整体信用风险可控，展望未来一段时间内，行业信用水平将保持稳定。

2022 年10 月11 日，中国人民银行公布2022 年9 月份金融数据。9 月新增人民币贷款2.47 万亿元，预期1.76 万 亿元，前值1.25 万亿元；新增社融3.53 万亿元，预期2.80 万亿元，前值2.43 万亿元；社融存量同比10.6%，前 值10.5%；M2 同比12.1%，前值12.2%；M1 同比6.4%，前值6.1%。

大风起兮云飞扬，个人养老金账户制试点临门一脚。2022 年9 月，银保监会发布《关于促进保险公司参与个人养老金制度有关事项的通知（征求意见稿）》（以下简称“险企参与个人养老金细则”），以推进多层次、多支柱养老保险体系建设，促进保险公司积极参与个人养老金制度，并向业内征求意见。2018 年以来银保监会先后试点税延养老险和专属商业养老保险、成立国民养老保险公司，为保险机构融入多层次、多支柱养老保险体系建设提供指导意见。

9 月新增人民币贷款 2.47 万亿元，大幅超出市场预期，同比多增 8108 亿元， 尤其是企业中长期贷款增长明显，贷款结构进一步改善。这可能是 8 月 24 日 国常会一揽子稳增长政策落地生效的结果，包括政策性开发性金融工具、设备 更新改造贷款优惠、以及保交楼贷款等政策，基建、制造业和社会服务等领域 或为贷款需求主力。在贷款的支撑下，社融增速回升 0.1 个百分点至 10.6%。

2022 年10 月11 日，央行公布2022 年9 月份及前三季度金融统计数据，新 增贷款和社会融资规模超出市场预期，体现出6 月份以来铺排的各项政策工具落 地见效的政策效应良好： （1）社会融资规模：9 月份新增社会融资规模3.53 万亿元，同比多增6,274 亿元；前三个季度新增社融27.77 万亿，同比多增3.01 万亿，截至三季度末社融 存量规模340.70 万亿，社会融资规模存量同比增长10.60%。 （2）信贷增长：9 月份金融机构口径新增人民币贷款2.47 万亿，同比多增 8108 亿元。前三个季度累计增加18.08 万亿，同比多增1.36 万亿。

美国劳工部公布9 月CPI 数据，9 月未季调CPI 同比上涨8.2%， 前值为8.3%，市场预估为8.1%；环比上涨0.4%，预估为0.2%，前值 为0.1%。核心CPI 同比上涨6.6%，预估6.5%，前值6.3%；核心CPI 环比上涨0.6%，预估0.4%，前值0.6%。当日美股三大指数大幅低开, 随后逐渐修复。截至收盘标普500 指数涨2.60%，纳斯达克指数涨 2.23%，道琼斯工业指数涨2.83%。

英国金融市场的短期大幅波动以财政大臣克沃滕的突然辞职成为一个重要的时间节点。尽管英国债券出现了大幅反弹，但市场非常清楚的是，本次财政危机引发的养老金市场风波远没有结束。关于养老基金如何在金融市场中运作、其本身的杠杆率和风险的讨论，也才刚刚开始。根据英国投资协会的数据，在2021 年之前的10 年中，通过负债驱动投资(LDI)策略对冲的债务总规模翻了两番，达到近1.6 万亿英镑（约合1.8 万亿美元）。相比之下，英国国债市场规模约为2.3 万亿英镑。

山西省地处黄河流域中部，因地属太行山以西，故名山西。煤炭、焦化、冶金、电力、煤化工等是山西省的传统优势产业。但长期以来，山西“一煤独大”、“一股独大”和创新不足问题一定程度制约着山西工业转型发展，2020年，山西煤炭工业增加值占规上工业比重为52.6%。《山西省“十四五”未来产业发展规划的通知》提出，山西将重点培育未来数字、未来材料、未来能源、未来装备、未来生活等5 大未来产业重点领域，改革现有产业体系。人口结构来看，2021 年山西省常住人口数量达3,480 万人，同比增速为-0.29%。

文化数字化带动了文化产业的基建投资，同时为中国经典文化打开了在数字内 容、文旅、衍生品的商业空间。出版企业主业稳健分红可观，估值具有较大安 全边际。我们认为，文化数字化战略驱动下，出版业迎来历史性转型机遇。出 版公司有望依托自身资金优势和内容储备，开展 IP 运营等数字化创新业务，打 开增长天花板。

个险承压背景下，银保发展重回视野。近年来，在个险渠道进入深度改革之际，以一体化协同、价值驱动为特色的“新银保”模式逐渐兴起，各大险企加大银保渠道发展力度，挖掘银保渠道新价值。处于深度调整期的寿险行业，银保渠道成为增长主力军，各公司寿险业务虽转型不一，但纷纷开始重新重视银保渠道，发展以银保渠道为代表的多元渠道成为各大险企的共同选择。