> 在张毅看来，让资本"流得准"，需要聚焦绿色发展的关键领域和重点区域。"建设银行紧扣区域战略， 深耕重点产业，搭建体系化、多维度的绿色产品服务体系，助力降碳、减污、扩绿、增长协同推进。一 是区域上聚焦，围绕长三角生态绿色一体化、黄河流域生态保护和高质量发展等国家重点战略，持续加 大金融供给，助力培育区域绿色产业集群；二是产业上深耕，积极探索'圈链群'经营模式，为生产、流 通、消费各环节提供全链条绿色服务，以新能源汽车为例，协助车企建设数字化平台，打通上下游数 据，实现从原材料采购到生产制造、再到终端消费的绿色产业链金融服务全覆盖，让绿色生活可感可 及，目前绿色贷款余额已突破6万亿元；三是工具上创新，通过推广'商投行一体化'模式，为优质企业 拓宽直接融资渠道，并成功承销市场首批碳中和债、首批可持续发展挂钩债券等标志性项目，自营债券 投资组合中投向绿色领域的资金规模超过2700亿元。" 张毅认为，让资本"流得畅"，需要金融机构主动作为，为跨境绿色投融资铺路搭桥。"近年来，建设银 行一方面积极参与监管转型金融标准制定与试点，协助重点客户编制、披露转型方案，让企业在国际市 场有'共同语言'；另一方面，通过覆盖全球六 ...

新华财经新加坡3月20日电（记者舒畅） 18日，中国银行作为牵头主承销商和牵头簿记管理人，协助新 加坡大华银行有限公司（下称"大华银行"）在中国银行间市场发行50亿元三年期熊猫债。至此，大华银 行已成为亚洲地区（不含中国香港）累计发行量最大的金融机构熊猫债发行人。 本次募集资金将以人民币形式用于大华银行在中国香港地区及东盟地区的业务，重点为与中国经贸往来 密切的企业提供支持，进一步促进区域内资本融通，是推进人民币国际使用的重要实践。 中国银行新加坡分行作为最早在新加坡开展人民币业务的银行之一，扎根新加坡90载，持续拓展人民币 使用新场景，打造全球领先的人民币国际使用产品体系，人民币跨境结算量、熊猫债点心债承销规模等 指标保持市场领先。 该行表示，将继续依托中银集团全球网络布局和债务资本市场专业优势，积极促进中新金融市场互联互 通，为推动人民币债券市场高水平双向开放和中新金融合作贡献更大力量。 （文章来源：新华财经） 本次发行也是中国银行新加坡分行第三次协助大华银行发行熊猫债，累计发行金额达到120亿元。2019 年，中国银行新加坡分行牵头协助大华银行发行20亿元熊猫债，实现新加坡发行人在熊猫债市场的首次 亮相 ...

主营业务展现强劲韧性。报告期内，公司集装箱航运业务全年完成货运量2743.45万标准箱，同比增长 5.76%，实现收入2107.31亿元，毛利率19.44%；码头业务总吞吐量1.53亿标准箱，同比上升6.22%，收 入120.41亿元，毛利率25.91%。 展望2026年，集装箱航运市场的复杂性和不确定性将进一步加剧，中远海控将在坚定推进全球化、规模 化发展的基础上，统筹推进全链化、数智化、绿色化、融合化发展，在变局中锻造可持续发展的核心竞 争力，致力为客户提供更优质、更具韧性、更有时效性的全链运输服务网络，持续为股东创造价值。 财务状况保持稳健。截至2025年末，公司资产负债率降至41.42%，较上年下降1.28个百分点；现金及现 金等价物余额达1508.82亿元。同时，公司积极回馈股东，2025年末期拟派现0.44元 / 股（含税），全年 分红比例预计达归母净利润的50%；累计完成四轮股份回购，回购注销股份8.66亿股，金额超98亿元。 （文章来源：新华财经） 中远海控坚持规模化与全球化发展。报告期内，公司自营船队规模590艘、运力约360万标准箱，自有与 光租运力占比75%，稳居行业第一梯队。报告期内， ...

Core Viewpoint - Inner Mongolia Energy Group's engineering construction sector aims to transition from scale expansion to quality and efficiency, focusing on core indicators such as operating income and total profit during the "14th Five-Year Plan" period [1] Group 1: Safety and Management - Safety production is the bottom line, with goals of "major inspections, major governance, and zero accidents," emphasizing a dual prevention mechanism and the use of technology for safety management [1][2] - The company implements a comprehensive safety responsibility system and enhances emergency management capabilities to ensure safety across all operations [2][4] Group 2: Market Development and Operational Efficiency - The engineering construction sector leverages its integrated advantages to expand into potential markets, particularly in the national grid and emerging sectors like energy storage and green hydrogen [1][3] - A focus on cost control and performance assessment aims to increase external contract contributions to over 50% [1] Group 3: Project Management and Innovation - The company emphasizes high-quality project management and the establishment of expert talent pools to enhance project execution and innovation [2][3] - Investment in R&D and digital transformation is prioritized to drive productivity and operational efficiency [3][6] Group 4: Financial Management and Cost Control - The company adopts a rigorous cost management approach, aiming to streamline project settlements and control non-productive expenditures [4][6] - A budget system that involves all cost centers and a fully online procurement process is being developed to enhance financial oversight [6] Group 5: Talent Development and Corporate Culture - The company is committed to cultivating a strong corporate culture and enhancing employee capabilities through a structured talent development program [2][6] - Initiatives to promote teamwork and break down internal barriers are in place to foster collaboration and innovation [2][4]

新华财经新加坡3月19日电（记者舒畅）3月18日，中国工商银行新加坡分行在总行和上海清算所支持 下，定价发行5亿元人民币自贸区离岸债券，并在新加坡交易所挂牌上市。 据悉，这是中国工商银行在新加坡地区发行的首单自贸区离岸债券，也是首单在新加坡交易所挂牌上市 的同类债券。 发展自贸区离岸债券，是中国人民银行在2025年陆家嘴论坛上推出的八项重磅金融开放举措之一。中国 工商银行本次发行严格遵循自贸区离岸债券总体要求和国际通行规则，吸引了来自香港、新加坡、欧 洲、大洋洲的优质投资者认购。 中国工商银行新加坡分行成立于1993年，持有特许全面银行牌照。本次成功发行自贸区离岸债券，是该 行积极推动新加坡离岸人民币中心建设、服务人民币国际化的重要实践。 编辑：胡玉婷 ...

新华财经北京3月19日电（记者刘玉龙）"我们年度策略的基本框架是以中国'资源+传统制造定价权的重 估'作为基底。"中信证券首席A股策略师裘翔3月19日在中信证券2026年春季资本市场论坛上说，配置 上，坚定围绕我国优势制造定价权重估布局。 裘翔建议，坚定围绕我国优势制造定价权重估布局，即有份额优势、海外产能重置成本高难度大且供应 弹性容易被政策影响的行业，以化工、有色、电力设备和新能源为基础。 裘翔表示，站在产业趋势层面，代码膨胀、实物稀缺，在中国的体现就是优势制造业定价权的提升， AI的"破坏式"创新加速以及全球能化供应链的扰动都在加强这一趋势。 裘翔认为，从短期景气信号驱动的框架来考虑，涨价仍然是一季度最"锋利的矛"。他表示，美以伊战事 及霍尔木兹海峡封闭有望阶段性抬高油价中枢，带动大量周期品成本曲线右移，在这样的叙事下存在多 条线索及结构性机会，如油价冲击下存在第二替代原料／工艺路线的化工品、原先中东／西欧产能占比 较大的品种、成本上涨提供顺价窗口的供需紧平衡品种等。 （文章来源：新华财经） 裘翔表示，无论是指数层面、估值层面还是宏观流动性层面，春季的A股都站在一个关键节点，未来企 业利润率能否长期企稳 ...

Core Insights - Geely Automobile Holdings Limited reported a total revenue of 345.2 billion yuan for 2025, marking a 25% year-on-year increase and setting a historical record [2] - The core net profit attributable to shareholders reached 14.41 billion yuan, reflecting a 36% year-on-year growth, indicating high-quality growth as the profit growth rate outpaced revenue growth [2] - Total gross profit increased to 57.3 billion yuan, up 25% year-on-year [2] Financial Performance - By the end of 2025, total cash levels rose by 46% to 68.2 billion yuan, indicating a robust cash reserve [2] - The proposed dividend per share increased by 51.5% to 0.5 HKD, with a total dividend payout of 5.39 billion HKD [2] Sales Performance - In 2025, Geely's cumulative sales reached 3.025 million units, a 39% year-on-year increase, with new energy vehicle sales exceeding 1.68 million units, up 90% [2][3] - In the first two months of 2026, Geely's sales reached 476,000 units, maintaining the top position in the domestic market for two consecutive months [2] Brand Development - Geely's CFO highlighted the successful integration of the "One Geely" strategy, which includes brands like Zeekr, Lynk & Co, and Geely Galaxy, enhancing brand value and sales scale [3] - Zeekr brand sales surpassed 224,000 units in 2025, with December marking a record monthly sales of over 30,000 units [3] - Lynk & Co achieved annual sales of 350,000 units, a 23% increase year-on-year [3] - Geely Galaxy became the fastest new energy vehicle brand to reach annual sales of 1 million units, with a 150% year-on-year growth [3] Market Expansion - Geely's overseas sales reached 420,000 units in 2025, with over 120,000 units being new energy exports [4] - The company entered 13 new markets in 2025, including major European markets and high-potential regions like Brazil and South Africa [4] - By the end of 2025, Geely expanded its brand presence to 88 countries and regions, totaling over 1,200 outlets [4] Technological Advancements - 2025 marked the culmination of the "Smart Geely 2025" strategy, with significant advancements in smart and electric vehicle technologies [4] - Geely launched the industry's first comprehensive AI technology system, establishing a long-term technological barrier for the smart electric vehicle era [4] Future Outlook - Geely aims to launch multiple new products in 2026, targeting a total sales goal of 3.45 million units, covering various market segments from mainstream to luxury and from fuel to new energy vehicles [5]

Core Viewpoint - Lenovo Group and NVIDIA jointly launched the next-generation Hybrid AI Advantage solution at the GTC 2026 conference, aimed at accelerating AI implementation and reducing time-to-first-token (TTFT) while delivering quantifiable business results across personal, enterprise, and cloud environments [1] Group 1: Product Launch and Features - The new Hybrid AI solution extends from endpoints to data centers and up to gigawatt-level AI cloud deployments, enabling real-time decision-making, operational efficiency, and intelligent automation globally [1] - Lenovo became the global launch partner for NVIDIA's Vera Rubin NVL72 system, which boasts a throughput increase of up to 10 times compared to the previous generation, with the cost per token reduced to one-tenth of the prior version [1] Group 2: Strategic Importance - Lenovo's Chairman and CEO, Yang Yuanqing, emphasized the critical importance of cost control and single-token performance as agentic AI drives exponential growth in inference workloads [1] - By integrating NVIDIA AI Enterprise software with Lenovo's full-stack hybrid AI platform and services, the company aims to help clients scale AI applications more efficiently, at lower token costs, and with faster deployment speeds [1]

Core Insights - The Ministry of Industry and Information Technology, Ministry of Finance, and National Development and Reform Commission jointly issued a notification to promote hydrogen energy application pilot projects, with a total subsidy of up to 8 billion yuan over four years [1] - The notification introduces a points reward mechanism, focusing on fuel cell vehicle trials and green hydrogen application in industrial scenarios, marking the first national subsidy policy for green hydrogen [1][2] Group 1: Subsidy Mechanism - The subsidy includes two main models: one for fuel cell vehicles based on application promotion quantity and mileage, and another for green hydrogen application scale in industrial scenarios [1] - Fuel cell vehicles can receive a maximum promotion reward of approximately 352,000 yuan per vehicle, along with additional rewards for green and gray hydrogen refueling [1] - The green ammonia and hydrogen metallurgy scenarios have the highest reward intensity, with a maximum subsidy of 4 yuan per kg of green hydrogen [2] Group 2: Technical Requirements and Policy Framework - The notification sets high technical requirements for pilot projects, including energy consumption limits for alkaline and PEM electrolysis systems [3] - The policy framework is evolving, with a focus on zero-carbon factories and integrated green hydrogen projects, supported by a multi-faceted industry support system [3] - The green hydrogen and its derivatives are seen as crucial for energy security, carbon reduction, and promoting non-electric utilization of renewable energy [3]

新华财经北京3月17日电新华财经和面包财经研究员梳理的公开资料显示，2026年2月港股共有69家上市公司发起回购，累计回购2.63亿股，回购金额合计达 64.78亿港元，较去年同期的73.95亿港元下降12.4%。 中通快递、小米集团、吉利汽车2月回购金额居于前列。此外，金山软件、网易云音乐等公司于2月首度进行年内回购。 行业方面，2026年2月发起回购的港股上市公司主要分布在软件服务、工业运输等行业。 港股上市公司2月回购总额64.78亿港元 根据信披数据，2026年2月港股共有69家上市公司发起回购，累计回购2.63亿股，回购金额合计达64.78亿港元，较去年同期的73.95亿港元下降12.4%。 从个股来看，中通快递、小米集团、吉利汽车2月回购金额居于前列。此外，金山软件、网易云音乐等公司于2月首度进行年内回购。 | | | | 2026年2月港股市场回购 | | --- | --- | --- | --- | | 证券代码 | 证券简称 | 期间回购数量(万股) | 期间回购金额(万 | | 2057.HK | 中通快递-W | 1,825.44 | 326,936.30 | | 1810.HK | ...