In an increasingly digital world and fragmented telecommunications industry, MVNOs are on the rise, applying emerging technologies, exploring new ver ticals, and providing value to both consumers and existing mobile network operators (MNOs). Together with mobile virtual network enablers (MVNEs), which offer network infrastructure and related services to MVNOs, MVNOs allow carriers to expand into new geographic areas and provide unique features and products, increasing connectivity, and responding to niche consumer demands. Currently, MVNOs are well-established in the developed markets, and may become increasingly important in the developing markets as they mature. In recent years, competition in the MVNO market has shifted from pricing to value-added services and product differentiation, owing to the prominence of MNOs in the low-cost cellular services market, in both developed and developing countries. The United States boasts one of the largest MVNO markets in the world and has hosted hundreds of disparate virtual operators and sub-brands, over the last two decades. MVNOs flourished in the United States, due to the Lifeline subsidiary program run by FCC in the country. The major states in the United States have teamed up a few MVNOS, to provide mobile and broadband services at a very subsidized rate.

Mobile security is one of the key elements within mobile devices as it provides better security function to smartphones, laptop and tablets. In addition, increase in usage of mobile devices for tasks that involve sensitive data like important banking information, credit card numbers and social security numbers boosts the growth of the market. Increase in online mobile payment and the rising security need arising from adoption of bring your own devices (BYOD) in workplaces are the major factor driving the growth of the market. In addition, surge in need to provide protection to video streaming content fuels the growth of the market. Furthermore, high cost of mobile security solution and complexity in designing embedded security solution hampers the growth of the market. Furthermore, growth in usage of machine learning and artificial intelligence in mobile security application is expected to provide lucrative opportunity for the market.

Management decision is the process of improving decision making by using all available information to increase precision, consistency, and agility of decisions and making good choices taking known risks and time constraints into consideration. It is a process, or a set of processes used to improve and streamline action items. It makes use of different tools such as business rules, business intelligence, continuous improvement, artificial intelligence, and predictive analytics. It treats decisions as reusable assets and introduces technology at decision point to automate decision-making process. This decision may be fully automated or presented as possible choices for a human to select. Management decision software is designed specifically for business managers to provide them better control over the organization’s decision strategies. By using this software, enterprises can authorize, control, and automate decisions to enhance value, maintain consistency in customer communications, and ensure compliance with regulations. The report features the information on management decision software and services offered by key vendors. Furthermore, it highlights the strategies of the key market players to improve the market share and sustain competition.

Letter of credit confirmation provides guarantee, advising, negotiation, and confirmation services to importers and exporters in the market. It acts as a documentary proof of credit between traders and other parties involved during the trade process. The confirming banks in the market are executing strict rules & regulations in different countries, developing their existing offering by implementing advanced technologies that addresses real-time digitalized letter of credit contract and enhance business efficiency in the market. This, as a result fuels the growth of letter of credit confirmation market. An in-depth analysis across North America, Europe, Asia-Pacific, and LAMEA has also been included. The export L/Cs volume and the operating revenue generated from these services have been considered under the scope of the market. This report features information on letter of credit confirmation services offered by key vendors. Furthermore, it highlights the strategies of key players to improve the market share and sustain competition.

◆相互保险是共有、共治与共享的保险组织，在我国发展仍处于初期。相互保险是对同一种危险有着保障需求的人一起组成的组织，组织成员“共同收益，共摊风险”；由于道德风险的存在、搭便车行为和相互保险公司抗风险能力弱的原因，相互保险制地域性较强，只适合小范围的投保人群体（例如农村合作社、校友会），投保人之间十分熟悉，有共同生活或工作场景可以有效地减小道德风险发生的可能性。

The costume jewelry market was valued at $ 32.9 billion in 2019, and is estimated to reach $ 59.7 billion by 2027, registering a CAGR of 7.80% from 2019 to 2027. In 2019, the female gender segment accounted for more than half of the share in the total costume jewelry market, and is expected to grow at a CAGR of 7.60% throughout the forecast period. Costume jewelry is fashion accessory used to compliment an outfit. Raw materials used to produce such type of jewelry is made of less precious materials as compared to precious materials such as gold, diamond, and gems. For instance, glass, plastic, semi-precious stones, beads, leather, aluminum, brass, and others are the raw materials used in the making of costume jewelry. Increase in consumer preference for fashionable and affordable jewelry is expected to foster the growth of the market. The adoption of costume jewelry has been significantly high in mature regions such as the U.S., Canada, and Germany, while emerging countries such as China, Brazil, and India are catching up rapidly. Costume jewelry has been gaining traction in emerging market, owing to change in lifestyle, rise in disposable income, and surge in prices of precious metal jewelry. Furthermore, increase in fashion consciousness and surge in adoption of jewelries such as necklaces, rings, and bracelets among female consumers drive the market growth. Moreover, change in packaging styles of jewelry products fuels the costume jewelry market growth. In addition, aggressive advertisements and celebrity endorsement have helped the costume jewelry industry to pave its way toward growth. However, factors hindering the market growth are rise in prices of raw materials used for costume jewelry and limited period popularity of the jewelry.

ATM is an electronic telecommunication device, which offers services to customers in terms of financial transactions such as deposits & withdrawals and account information & transfer of funds, without the physical involvement of bank staff. Continuous innovations in ATMs have made current ATMs more advanced as compared to the first-generation ATMs. With rise in customer demand for mobility and do-it-yourself banking, the ATM market is anticipated to continue to grow in the coming years. Presently, ATMs have become the most powerful asset for the financial institutions to serve their customers 24X7. The scope of the report discusses the potential opportunities for the market players to enter the ATM market. In addition, it provides in-depth analysis of the market, outlining current trends, key driving factors, and key opportunity areas.

1. 首推“招宁平常兴”。综合中报表现及对下半年的经营展望、估值性价比、板块修复时的潜在弹性，我们的排序是平安、常熟、招行、宁波、兴业；2. 今年业绩确定性比较强的优质城商行。

9 月20 日下午，国联证券和国金证券双双发布关于收购股份暨筹划重大资产重组停牌公告。公告称国联证券于9 月18 日与长沙涌金签订了《股份转让意向性协议》，拟受让长沙涌金持有的国金证券约7.82%的股份。同时，国联证券与国金证券正在筹划由国联证券向国金证券全体股东发行A 股股票的方式换股吸收合并国金证券。双方同日签署关于《吸收合并意向协议》。