同时，农发行四川省分行还强化投贷联动，坚持将资本金与贷款支持重大基础设施一同谋划、一体推 进，全力推动投贷联动，发挥新金融工具"当先导"作用。一方面，对符合条件的项目实行基金贷款一体 授信，优先调查，即到即审，保障高效落地；另一方面，积极联动金融同业信贷资源，提升撬动社会资 本综合质效。例如某国家级重点水利项目，该行在投放3亿元新金融工具外，另外授信贷款40亿元，全 方位服务优质客户多样融资需求。 农发行四川省分行相关负责人表示，接下来将从"高效投放"转向"精细管理"，做好新型政策性金融工 具"后半篇文章"，加强项目监测，合规使用资金，深化投贷联动，以综合服务提升政策效能，进一步发 挥政策性金融逆周期调节作用。 新华财经成都10月31日电（记者袁波）记者31日从中国农业发展银行四川省分行获悉，中国农业发展银 行今年9月29日设立农发新型政策性金融工具以来，截至10月30日，农发行四川省分行已累计在四川投 放项目61个，金额超67亿元，覆盖全省20个市州，预计可拉动项目总投资超800亿元。其中，支持民间 投资（民间资本参与）项目5个，涉及金额11.4亿元。 为切实发挥政策性金融逆周期、跨周期调节作用，在部署新型 ...

Core Viewpoint - The Chinese steel industry is experiencing a decline in steel prices and revenue, with a need for enhanced self-discipline in the fourth quarter to maintain market order and improve economic efficiency [1][2][3][4]. Group 1: Price and Revenue Trends - The average CSPI (China Steel Price Index) for the first three quarters was 93.67 points, a year-on-year decrease of 9.64% [1]. - The CRU international steel price index averaged 189.7 points, down 6.2% year-on-year, indicating a smaller decline compared to domestic prices [1]. - The cumulative operating revenue for key steel enterprises was 4.56 trillion yuan, a decrease of 2.36% year-on-year, while operating costs were 4.26 trillion yuan, down 3.88% [2]. Group 2: Profitability and Economic Efficiency - The total profit for the steel industry reached 96 billion yuan, representing a year-on-year increase of 1.9 times, indicating a significant improvement in industry efficiency [2]. - The sales profit margin has been persistently low, remaining below 1.8% since the second half of 2022, with a minimum of -2.04% and a peak of 2.82% in June, dropping to 1.71% in September [2]. Group 3: Market Dynamics and Future Outlook - The steel market's new supply-demand balance is fragile, particularly affected by the real estate sector's downturn, leading to increased inventories and declining monthly profits [3]. - The fourth quarter is expected to enter a demand off-season, increasing pressure on achieving supply-demand balance, necessitating self-discipline in production and inventory management [3]. - The industry is encouraged to adhere to principles of meeting user demand and maintaining supply-demand balance, with a focus on improving effective supply capacity and fostering a positive market environment [4].

杨帆表示，中国贸促会将积极推动两国元首会晤成果惠及中美企业，为两国工商界扩大经贸交流合作搭 台铺路、纾困解难，为推动中美经贸关系健康、稳定、可持续发展贡献力量。 （文章来源：新华财经） 杨帆表示，目前，中国贸促会正组织中国企业家代表团在韩国庆州出席APEC工商领导人峰会。"据我们 了解，现场无论是中美企业，还是与会的其他国家企业，都高度关注这次会晤，也积极评价会晤成果， 期待双方继续加强交流、深化合作，为中美经贸合作和全球经济发展带来更多确定性因素。" 她表示，今年以来，中国贸促会已邀请和应约接待超60批次美方机构和企业负责人访华。在今年举办的 第三届链博会上，美国参展商数量比上届增长15%，继续位列境外参展商数量之首，展位面积增长 10%。众多美资企业积极参与我们组织的外资企业地方行活动并明确投资意向。在中国贸促会和美国商 务部国际贸易署共同建立的中美企业合作项目（CMP）框架下，双方共同举办活动已超过100场，服务 企业近3000家，推动双方企业在先进制造、轨道交通、节能环保、金融、汽车等多个领域开展务实合 作。 新华财经北京10月31日电（记者丁雅雯）中国贸促会新闻发言人杨帆31日表示，中美推进互利合作 ...

Core Viewpoint - The Chinese steel industry is focusing on high-quality development during the "14th Five-Year Plan" period, emphasizing innovation, coordination, green development, and openness while overcoming challenges and seizing opportunities [1]. Group 1: Industry Development - The industry's foundational capabilities have been further enhanced, with a shift from capacity reduction to dual control of capacity and output, promoting structural optimization and improving development quality [1]. - The product structure of steel has been optimized, with the proportion of steel used in manufacturing increasing from 42% in 2020 to 50% by 2024, while the proportion used in construction is expected to decrease from 58% in 2020 to 50% by 2024 [2]. - The steel industry has significantly increased its R&D investment, with R&D expenses rising from 111.8 billion yuan in 2020 to 156.5 billion yuan in 2024, a 40% increase [2]. Group 2: Technological and Environmental Advancements - The steel industry has enhanced its green and low-carbon development capabilities, investing over 310 billion yuan in ultra-low emission transformation projects, with 215 steel enterprises completing or partially completing the transformation [3]. - The establishment of the world's largest clean steel production system has led to a significant reduction in pollutant emissions, with concentrations of particulate matter, sulfur dioxide, and nitrogen oxides decreasing by over 50% compared to the end of the "13th Five-Year Plan" [3].

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) plans to implement a green factory quality improvement and expansion plan, aiming for the output value of green factories at national, provincial, and municipal levels to reach 40% by 2030, while promoting energy-saving and carbon-reduction potential in green factories [1] Group 1: Green Factory Initiative - MIIT will accelerate the transition from benchmark leadership to larger-scale promotion of green factories [1] - The initiative includes cultivating a number of zero-carbon factories [1] Group 2: Green Development Strategy - The MIIT will promote green design and manufacturing, focusing on the entire lifecycle from product design to recycling [1] - Emphasis will be placed on lightweight, non-toxic, long-lasting, and easily recyclable design concepts, particularly in industries such as electronics and automotive [1] Group 3: Green Supply Chain and Industrial Parks - A green supply chain enhancement action will be launched, encouraging large enterprises to lead the way through green procurement policies [1] - Plans to implement a green industrial park enhancement initiative to promote the green transformation of high-tech zones and industrial parks, with a focus on developing zero-carbon parks [1]

从分项指数看，在监测范围内的20个国家（地区）共发布21项进出口关税措施，发起31起贸易救济调 查，向WTO提交技术性贸易壁垒（TBT）通报和卫生与植物卫生措施（SPS）通报101项，发布进出口 限制措施11项，发布其他限制性措施142项。其中，进出口关税措施指数在五类分项措施指数中居首， 成为各国保护本土产业、调整产业结构的主要工具。 新华财经北京10月31日电（记者丁雅雯）中国贸促会31日发布8月全球经贸摩擦指数。8月全球经贸摩擦 指数为100，持续处于高位。全球经贸摩擦措施涉及金额同比下降4.3%，环比下降15.2%。 据中国贸促会新闻发言人杨帆介绍，从国别指数看，在监测范围内的20个国家（地区）中，美国、巴西 和日本的全球经贸摩擦指数位居前三，美国全球经贸摩擦措施涉及金额已连续14个月高居榜首。 从行业指数看，在监测范围内13个主要行业中，经贸摩擦措施的冲突点聚焦于电子、运输设备、医药、 机械设备和轻工行业，其中电子行业经贸摩擦指数居首。 （文章来源：新华财经） ...

Core Insights - The World Internet of Things Expo in Wuxi has successfully evolved over 15 years, attracting over 2 million participants and facilitating more than 300 major industrial projects with a cooperation amount exceeding 150 billion yuan [1] - Wuxi is focusing on the integration of artificial intelligence and the Internet of Things (AIoT) to enhance its industrial capabilities and modernize urban development [1][3] Industry Development - Wuxi's IoT industry has developed a unique path characterized by demand-driven applications, technology-driven innovations, and ecosystem-driven industrial growth [2] - By the end of 2024, Wuxi's IoT cluster is expected to achieve over 250 billion yuan in revenue, with 60 national-level specialized "little giant" enterprises and 83 listed companies [2] Technological Integration - The IoT industry is transitioning into a new phase characterized by technological integration, data-driven approaches, and deeper applications, with AI playing a crucial role in this transformation [3] - Wuxi aims to create a smart industrial ecosystem where AI serves as the "brain" and IoT acts as the "body," facilitating a collaborative evolution [3] Focus on Smart Sensors - Smart sensors are identified as a key area in Wuxi's IoT strategy, serving as the foundation for both IoT and AI development [4] - Wuxi is enhancing sensor technology to provide high-quality training data for AI, focusing on areas such as MEMS manufacturing and multi-modal sensor technology [4][5] Innovation and R&D - Wuxi has established nearly 200 innovation platforms and centers to support the development of advanced sensing technologies and products [5] - The establishment of the Advanced Sensing R&D Center in 2022 aims to provide a public service platform for sensor design and production [5] Industrial Applications - The integration of AI and IoT is being applied in various sectors, including industrial manufacturing, where AI models optimize production processes [7][8] - Wuxi is focusing on energy sector innovations, developing AI models that integrate with market trading and virtual power plants [8] Urban and Social Applications - Wuxi is expanding the application of AIoT in urban governance and public services, enhancing city management through smart technologies [9] - The city is leveraging AI and IoT to address various urban challenges, including waste management and emergency response [9] Strategic Vision - Wuxi aims to build a world-class IoT advanced manufacturing cluster while contributing to national initiatives in manufacturing, networking, and digitalization [9]

Core Insights - MSCI upgraded the ESG rating of Shenwan Hongyuan from "BBB" to "A," while S&P's CSA score also saw significant improvement, placing the company among the top in the securities industry, indicating enhanced recognition of its sustainable development capabilities in the international capital market [2] Group 1: ESG Performance and Ratings - Shenwan Hongyuan has achieved a notable upgrade in its MSCI ESG rating, moving from "BBB" to "A," reflecting its strong performance in sustainable development [2] - The company has also received a substantial boost in its S&P CSA score, further solidifying its position in the securities sector [2] Group 2: Commitment to Sustainable Development - The company has been actively implementing social responsibilities as a state-owned financial enterprise, integrating national strategic priorities with sustainable development [3] - Shenwan Hongyuan has optimized its top-level design and conducted surveys to assess the effectiveness of its ESG initiatives, aiming to enhance management and execution capabilities [3] - The firm is committed to incorporating ESG factors into its investment and financing operations, improving risk management mechanisms, and expanding its green finance products and services [3] Group 3: Future Directions - Moving forward, Shenwan Hongyuan aims to deepen its sustainable development and ESG management practices, focusing on three pillars: serving national strategies, providing high-quality financial services, and enabling green low-carbon development [4] - The company is dedicated to becoming a trusted first-class investment bank and institution, aligning with the expectations of various stakeholders, including the state, society, customers, shareholders, and employees [4]

Core Insights - Malaysia's independent inspection agency Amspec reported that the palm oil export volume for October 1-31 reached 1,501,945 tons, representing a 4.31% increase compared to the same period last month [1] Industry Summary - The palm oil export volume for October shows a positive growth trend, indicating a potential increase in demand or production efficiency within the industry [1] - The reported export figure of 1,501,945 tons highlights the significant scale of Malaysia's palm oil industry and its role in the global market [1]

Core Viewpoint - Multiple power companies across China are actively implementing low-carbon and zero-carbon energy supply models, leveraging technological innovation and service upgrades to assist users in achieving clean energy consumption and promoting a green low-carbon development vision [1]. Group 1: Project Implementation - The State Grid's Inner Mongolia branch has launched a green smart office park project, enhancing energy efficiency and smart management through a dual construction system [1][3]. - The project includes energy-saving retrofits with smart switches, sockets, and lighting, significantly reducing operational energy consumption [1]. - A distributed rooftop photovoltaic system and energy storage solutions have been installed, with an additional green power capacity of 895.76 kW and an estimated annual generation of approximately 1.1 million kWh [3]. Group 2: Zero-Carbon Initiatives - Southern Power Grid is establishing zero-carbon demonstration models, such as the "wind-solar-storage-direct charging" power supply station in Yangshuo, Guangxi, focusing on carbon management and neutrality [5][6]. - The power station utilizes photovoltaic and wind energy, along with energy storage and V2G charging systems, to achieve self-consumption and regulation of clean energy [6]. - The Tangbu power supply station in Wuzhou has implemented a near-zero carbon model, generating approximately 37,700 kWh annually and saving around 25,000 yuan in electricity costs [6]. Group 3: Broader Low-Carbon Transformation - Power companies are also engaging in low-carbon transformation projects for various users, including parks, enterprises, and schools, to accelerate the overall green transition of the economy and society [7]. - In Shandong, a distributed photovoltaic project in the Gree Intelligent Manufacturing Industrial Park has been completed, generating 7.06 million kWh annually, with the State Grid providing consulting services during the project [7]. - The State Grid's Jining branch has implemented air-source heat pump projects in 18 schools, achieving over 60% energy savings compared to traditional heating and cooling methods [7].