A convenience store is a small retail business that sells everyday items, including coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers, and magazines.

Copper products are manufactured from copper, which is a reddish-brown, ductile, and malleable metal extracted from mines in the form of ore. Copper is refined from copper concentrates, and it has wide applicability in industries such as electrical and electronics, construction, and telecommunication.

Compliance training is to train employees to make them aware of company policies, regulations, and laws required for performing workplace-related duties. Such training helps companies eliminate instances of violations that could result in legal liabilities. Companies are also focusing on maintaining a healthy and hospitable workplace environment.

The corporate event industry market refers to the sector that focuses on organizing, managing, and executing events specifically for businesses and organizations. This market encompasses a wide range of events, including conferences, seminars, product launches, trade shows, exhibitions, team-building activities, shareholder meetings, executive retreats, workshops, award ceremonies, networking events, and incentive travel programs. The major goal of these events is to facilitate business interactions, raise networking opportunities, enhance brand visibility, strengthen client and employee relationships, and drive business growth and profitability.

Corrosion protective coatings and acid proof linings are specialized protective solutions designed to prevent metal and concrete structures from deteriorating due to chemical exposure, moisture, and environmental factors. Corrosion protective coatings form a barrier that shields surfaces from oxidation, rust, and degradation in industries like oil and gas, marine, and power generation. Acid proof linings provide resistance against highly corrosive chemicals, acids, and alkalis, ensuring durability in chemical processing plants, storage tanks, and wastewater treatment facilities. These solutions extend the lifespan of infrastructure, reduce maintenance costs, and comply with safety and environmental regulations.

Corporate wellness is a workplace health program or activity designed to support healthy behavior in the workplace while improving the health outcomes of employees.

Cotton is a soft and staple white fibrous substance that surrounds the seeds of the cotton plant and is made into textile fiber and thread for sewing. About one-third of the cotton produced is crushed for oil used in food products (livestock and poultry feed). For every 100 pounds of fiber produced, the cotton plant also produces about 162 pounds of cotton seed.

从最新数据来看，关税2.0对美国实体经济冲击如何？1）通胀上行压力尚不显著。美国3月进 口商品价格环比仅-0.1%，核心进口价格环比也较弱。根据联储官员表态，美国通胀可能要到 6月才会体现关税效果；2）美国经济当前仍为“强现实，弱预期”，3月就业、零售表现较强。

4Q24 互联网金融平台的基本面延续稳中向好的趋势，具体体现在健康的质量、温和增长的新增放款量，和进一步提升的盈利。3Q24 后大部分平台完成了对 23 年风险小高峰的消化，贷款质量保持稳健的同时不再刻意收缩放款，“量”、“质”同步的特点明显，并且良好的质量为盈利的环比提升打下基础。4 月 3 日《加强商业银行互联网助贷业务管理 提升金融服务质效的 通知》（《助贷新规》）出台，我们认为对头部平台是正面影响，或加速长尾小平台的出清。互金行业的估值近期受“对等关税”冲击而大幅回落，但高 关税并不影响依托消费内需的互金行业。结合行业稳健的基本面和友好的政策环境，行业估值性价比凸显，关注乐信、奇富科技（US/HK）、信也科技。

随着债市进入高波动阶段，准确评估债券波动性有助于投资者增厚收益或控制估值风险。本篇报告测算了各类券种与组合波动率，整体信用债＞国债，信用债内部二永债> 普信债>商金债，波动率与市场调整及后续修复期间债券价格涨跌幅呈正相关。分组合来看，二级债拉久期/子弹型组合波动较大，城投债哑铃型组合相对稳健。债券防守性与进攻性的评估结果与上述结论类似，普信债抗回撤能力较强但进攻性不足，适用于调整期间防守；二永债进攻性较强，但容易在债市走熊时出现较大回撤。