刘斌 中国（上海）自贸区研究院金融研究室主任 此外，数据流动与中小企业金融服务两大关键领域的突破也值得关注。数据跨境流动是数字服务出口的 核心支撑，《措施》有针对性地推出三重创新举措：一是通过制定重要数据识别指南和动态更新自贸试 验区数据出境负面清单，解决企业"识别难、审批繁"的痛点；二是允许合规跨国公司内部个人信息自由 传输，有利于跨国公司推动国内外业务协同；三是在上海自贸试验区临港新片区等试点布局国际数据中 心，构建数据服务出口基础设施支撑。 针对中小企业服务出口面临的"融资难、融资贵"问题，《措施》直击痛点，提出"扩大出口信用保险覆 盖面""创新知识产权质押融资"等针对性措施。特别是鼓励金融机构基于服务出口企业的订单、应收账 款等创新金融产品，可谓精准施策。这些举措将有效化解轻资产服务企业的融资难题，激发市场主体活 力。 但是，要进一步推动政策落地见效仍需持续发力，笔者认为未来可从三方面深化推进我国服务出口的能 力和水平。一是充分利用数字技术赋能服务出口，借助我国在数字经济领域的优势，鼓励数字技术与文 化、医疗、金融、制造、旅游等产业业态结合，大力发展数字服务出口，推动传统服务贸易数字化转 型；二是构建 ...

Core Viewpoint - The semiconductor equipment sector has experienced significant growth, leading the rebound in technology stocks, but has recently faced a correction after a period of rapid gains [1][7]. Group 1: Recent Performance - The semiconductor equipment index surged over 30% in half a month and over 50% in three months, becoming the standout performer in the A-share market [1][7]. - From September 22 to September 24, the index rose a cumulative 16.85%, outperforming 276 other industry indices [3]. - On September 24, several semiconductor equipment ETFs reached their daily limit up, with notable gains of 9.55%, 9.44%, and 9.4% [3]. Group 2: Driving Factors - Key factors driving the recent surge include the establishment of Changcun Phase III Integrated Circuit Co., which is expected to enhance domestic semiconductor equipment production capacity [3]. - The increase in storage chip prices has exceeded market expectations, likely driving global storage chip capacity expansion [3]. - The recent display of lithography machines at the Industrial Expo has positively influenced market sentiment [3]. Group 3: Market Sentiment and Future Outlook - Analysts suggest that the recent correction in the semiconductor equipment index is a natural adjustment after substantial gains, with the long-term growth trajectory remaining intact due to AI demand [6][7]. - The semiconductor equipment sector is expected to continue benefiting from increasing domestic production rates and capital expenditure expansion, with projections indicating sustained high investment levels in wafer fabrication equipment [8]. - The semiconductor industry is a key focus of national policy support, indicating a favorable development outlook [9].

Core Viewpoint - The article emphasizes the strategic importance of the ocean economy for high-quality development and urban competitiveness, highlighting the need for technological innovation and effective ecosystem construction to transform marine resources into economic momentum [1][2]. Summary by Sections Ocean Economy Development - Guangdong province is accelerating the development of its ocean economy, aiming for a modern marine industry system with international competitiveness, as highlighted in a recent meeting [2][3]. - Zhuhai, known as the "City of a Hundred Islands," is positioned as a key experimental site for the "New Guangdong at Sea," leveraging its manufacturing base, technological innovation, and rich marine resources [2][3]. Economic Contributions - By 2024, Zhuhai's marine production value is projected to reach 100 billion yuan, accounting for 22.3% of the city's GDP, with a contribution rate of 26.4% to economic growth [2][3]. Innovation and Infrastructure - Zhuhai aims to establish a modern marine industry system by 2027, targeting a marine production value of 130 billion yuan with an annual growth rate of 10% [3][12]. - The city is implementing innovative measures such as "Three Seas Linkage" and the concept of "Marine New Infrastructure" to promote emerging marine industries [3][12]. Application Scenarios - Zhuhai is leveraging its unique marine resources and island advantages to create diverse application scenarios for marine technology, including logistics drone routes and marine ranching [4][5][6]. - The city has introduced a list of application scenarios to facilitate the integration of marine technology and industry, addressing the challenges of product-market fit [5][6]. Technological Advancements - The "Pingtian Ranch No. 1" platform exemplifies advanced marine technology, showcasing high levels of automation and resilience against severe weather [8][10]. - Zhuhai hosts over 40 marine technology innovation platforms and more than 60 marine research teams across its universities, fostering a collaborative environment for marine technology development [9][10]. Future Prospects - The city is focusing on building a comprehensive marine economic ecosystem that integrates various sectors, including marine tourism, modern fisheries, and marine transportation [15]. - Zhuhai's "Marine New Infrastructure" initiative aims to enhance its regional marine center capabilities, creating a networked digital infrastructure for marine resource management [13][14].

被誉为"女版巴菲特"的知名投资人"木头姐"凯茜·伍德（Catherine Wood），其执掌的方舟投资（ARK Invest）近日对中国科技股进行了引人注目的增持操作。 据方舟投资发布的每日交易报告，尽管阿里巴巴股价近期持续走高，创下自2021年底以来的新高， 但"木头姐"依然选择果断出手。报告披露，方舟投资通过旗下两只不同的ETF基金，共计买入了价值约 1630万美元的阿里巴巴股票。除了阿里巴巴，方舟投资同日还大幅增持了另一家中国科技公司百度的股 票，将其持仓总额提升至4700万美元。这一系列举动，被外界理解为其加码中国科技概念股意图明显。 在全球市场情绪多变的背景下，这位华尔街风向标人物的投资决策，无疑为中国科技板块的未来走向增 添了更多积极的想象空间。这一系列操作之所以引人注目，并不仅仅因为其发生在个股股价的相对高 点，更深层次的原因在于，它可能预示着在人工智能（AI）浪潮席卷全球的背景下，一部分具有敏锐 嗅觉的国际资本，正在重新审视和评估那些一度被市场冷落的中国科技巨头的内在价值。 凯茜·伍德的投资哲学一向聚焦于"颠覆性创新"，她此刻的选择，可以被解读为她认为中概股的"颠覆 性"正在从商业模式创新转向 ...

过去数年，中概股经历了一段估值下修周期，其市值与其在全球科技版图中的实际地位严重不符。然 而，随着生成式AI的爆发式增长，正成为改写叙事的关键变量。当英伟达的市值因其在AI算力领域的 绝对垄断而屡创新高，微软、谷歌等美国科技巨头凭借AI应用重塑业务边界时，全球投资者都在寻找 下一个能够分享时代红利的价值洼地。在这样的全球视野下，中国科技公司所展现出的AI潜力，出现 价值的重估也是情理之中。 特约评论员 陈白 被誉为"女版巴菲特"的知名投资人"木头姐"凯茜·伍德（Catherine Wood），其执掌的方舟投资（ARK Invest）近日对中国科技股进行了引人注目的增持操作。 据方舟投资发布的每日交易报告，尽管阿里巴巴股价近期持续走高，创下自2021年底以来的新高， 但"木头姐"依然选择果断出手。报告披露，方舟投资通过旗下两只不同的ETF基金，共计买入了价值约 1630万美元的阿里巴巴股票。除了阿里巴巴，方舟投资同日还大幅增持了另一家中国科技公司百度的股 票，将其持仓总额提升至4700万美元。这一系列举动，被外界理解为其加码中国科技概念股意图明显。 在全球市场情绪多变的背景下，这位华尔街风向标人物的投资决策，无 ...

在国际主流财经杂志《欧洲货币》近日公布的年度银行大奖评选中，汇丰再度荣获"粤港澳大湾区最佳国际银行"奖项，这是该行连续第三年获 颁这一奖项。 汇丰中国副行长兼大湾区总监陈庆耀表示："今年再次获奖让我们倍感鼓舞。过去一年里，汇丰持续投资大湾区，位于前海的全新办公大楼以 及南沙的全球培训中心先后揭幕启用，在财富管理业务布局以及推进跨境服务和产品方面也加快了创新步伐，希望能继续发挥汇丰的全球网络 优势，帮助区内企业和居民联通大湾区及全球机遇。" 连续三年获得"粤港澳大湾区最佳国际银行"殊荣，汇丰的优势在哪里？ 陈庆耀：汇丰一直将大湾区作为集团业务拓展的战略重点区域，我们对大湾区的发展始终抱有坚定的信心并持续在大湾区加大投入，目前汇丰 集团下属机构在大湾区的业务涵盖银行、证券、保险、科技及客户服务中心等。 今年年初，作为汇丰深化粤港业务联动的重要枢纽，投资超过40亿元人民币的新办公大楼"HyQ前坊"在深圳前海正式揭幕；六月，汇丰在全球 规模最大的培训中心也在广州南沙正式投入使用。这两座标志性建筑开启了集团在大湾区发展的新篇章，也彰显了我们对大湾区发展的承诺。 作为大湾区内领先的国际银行，全球网络资源和跨境金融服务则是 ...

9月25日，由广东省商务厅主办的2025粤港澳大湾区全球招商大会系列活动—广东省低空经济产业专题对接会在广州举行。本次 对接会，由广东省商务厅主办，邀请了广东省推动低空经济高质量发展工作专班、金融机构、行业协会和专家及地市代表约180 人参会。大会通过聚焦低空经济应用场景需求，搭建高实效、强链接、能落地的资源对接平台，推动一批优质项目与各地市、 产业园区、金融机构实现精准匹配对接，为全省低空经济产业高质量发展注入新动能。 本次对接会还进行了重点地市（低空经济产业园区）推介。广州市开发区（黄埔区）作为广州市实体经济主战场，依托雄厚的 制造业基础，前瞻性地布局低空经济产业，在中新广州知识城规划约5平方公里的低空经济产业园，按照双园互动发展格局，支 撑黄埔区全地域、全领域低空应用场景，构建低空经济产业生态。为充分满足低空飞行器在生产与测试环节的关键需求，首开 区规划建设一条长达800米的专用跑道，专用于新型航空器的试飞验证工作，旨在为基础设施层面奠定坚实基础，有力推动低空 经济产业实现规模化、集聚化发展。 广东省商务厅副厅长朱小军指出，广东低空经济已迈入千亿规模，相关企业超1.5万家，占全国低空经济产业链企业的30 ...

中信银行（601998）"小天元"平台结合企业日常经营痛点，将高效智能的一体化金融服务嵌入各个环 节，打造"业财资付"全链路数字化解决方案，将企业日常经营管理流程线上化、智能化、自动化，大幅 提升管理质效，让企业省钱、省时、省心、省力。 ...

Market Overview - The Dow Jones decreased by 43.97 points, or 0.10%, closing at 46077.31, while the Nasdaq fell by 107.13 points, or 0.48%, to 22390.73. The S&P 500 also dropped by 26.77 points, or 0.40%, ending at 6611.20 [2][3] - The Nasdaq China Golden Dragon Index rose by 0.51%, with notable gains in Chinese electric vehicle stocks such as Xpeng and NIO, both increasing over 5% [3] Cryptocurrency Market - The cryptocurrency market experienced a significant downturn, with Ethereum's price dropping nearly 5%, falling below the psychological level of $4000. This decline led to over 17,000 liquidations globally, totaling approximately $590 million [4][5] - Analysts attribute Ethereum's price drop to a decrease in institutional capital inflow, suggesting that if long-term holders continue to sell off, Ethereum could face further declines, potentially testing the $3910 level [5] Technology Sector - Major tech stocks showed mixed results, with Tesla declining over 3% due to a 36% year-on-year drop in new registrations in the EU for August, while Apple and Nvidia saw slight increases of 0.34% and 0.35%, respectively [3] - Intel's stock surged over 5%, reaching its highest level since July 2024, as the company seeks investment from Apple to bolster its business [3] Economic Insights - Recent gains in the U.S. stock market have been driven by corporate earnings, with a focus on the "Tech Seven" and AI-related investments. However, there are concerns about the sustainability of these gains if earnings do not keep pace with valuations [6] - The Nasdaq's chief economist noted that the AI investment landscape is expanding beyond the initial seven tech giants to include a broader range of companies, indicating a shift in market dynamics [6]

"创新牛"方兴未艾，在资本市场新气象的驱动下，一场关于中国资产的价值重塑正悄然展开，居民财富 悄然"迁徙"。截至9月25日收盘，上证指数年内涨14.96%，深证成指涨29.11%，创业板指涨51.09%，恒 生指数涨32.03%，恒生科技指数涨42.77%。 "中国居民储蓄将更多流向金融投资，尤其是未来能够创造稳定现金流的优质项目将成为最具吸引力的 资产。这些新项目的底层资产主要涵盖与科技创新和高质量发展相适配的新基建、消费基建、新型城镇 化等领域，与国家重大战略方向高度契合。"在近日举办的全球资管中心评价指数发布暨CLF50秋季会 议上，盛松成接受了21世纪经济报道记者专访。 内外部环境也给中国资产价格提供了支撑。在盛松成看来，中国降息的外部环境改善，预计未来美联储 降息还会持续，中国降息仍有空间。不过，短期内中国尚不具备"大幅"降息的基础，预计未来一段时 期，中国依然会以积极的财政政策为主，适度宽松的货币政策予以配合。 9月22日，中国人民银行行长潘功胜回应美联储降息时表示，中国货币政策坚持以我为主、兼顾内外平 衡，往后看，我们将根据宏观经济运行情况和形势变化，综合应用多种货币政策工具保证流动性充裕。 美 ...