新华财经北京11月6日电德国9月工业产出环比增长1.3%，远远低于市场普遍预期的3%。8月数据亦被下 修至环比下降3.7%。同比来看，9月工业总产出同比下降1.6%，前值由初值进一步下修为下降3.6%。 尽管汽车制造业强劲反弹12.3%，成为主要拉动因素，但整体工业复苏仍显乏力。其他细分领域表现分 化：数据处理设备、电子及光学产品产出增长5.1%；机械制造业则下降1.1%。 剔除能源与建筑业后，9月工业产出环比增长1.9%。其中，资本品产出增长3.8%，而消费品与中间品均 仅微增0.2%。能源生产环比上升1.3%，建筑业产出则下降0.9%。 分析指出，尽管工厂订单实现五个月来首次增长，或暗示经济出现企稳迹象，但制造业持续复苏对德国 克服产出收缩困境至关重要。当前，德国经济面临多重外部压力，包括美国加征关税、全球需求疲软以 及国内行政手续繁琐等因素。 （文章来源：新华财经） 从季度维度看，第三季度工业产出较第二季度下降0.8%，表明短期动能尚未有效积聚。 ...

新华财经上海11月6日电（葛佳明） 美元指数自9月中旬以来逐步回升，并在近一周持续走强，连续两 日突破100关口，使得全球股市及商品价格走势承压。 多位分析师均表示，11月美元指数突破100关口，并不意味着美元再度迎来升值周期，当前仅为短期反 弹。 短期来看，美元或仍有上行空间。根据芝商所美联储观察工具显示，市场已逐步开始定价美联储12月不 降息，维持利率不变的概率已经超过37%。 今年7月，围绕美国经济基本面数据成为美元指数突破100关口的重要支撑，而后因8月1日美国非农就业 数据明显不及预期大幅下跌，随后二次触底。 在民生证券研究院宏观资深分析师邵翔看来，与7月类似，美联储的鹰派表态，推动市场宽松预期的回 落是美元走强的推手，但宏观环境有明显的不同。 "7月公布的一系列经济数据反映了第一轮关税冲击后美国经济的阶段性反弹，市场预期从之前的'衰 退'模式切换至'复苏'模式。"邵翔解释称，而当前的市场因经济数据缺失无法判断美国经济的真实状 况，更易受美联储"鹰派"发言的扰动。 与此同时，外部的驱动因素也较为不同。7月非美货币走势中，英镑走势较弱，而本轮则是日元下跌幅 度较为明显。 段超分析称，高市早苗胜选日本自 ...

Core Insights - Midea and BYD have launched a "Human-Vehicle-Home" lifestyle solution, focusing on smart home and smart travel integration to enhance user experience and create a sustainable smart living paradigm [1] Group 1: Partnership Overview - The collaboration aims to leverage AIoT technology and consumer upgrades, emphasizing the natural extension of "vehicle-home integration" for high-quality living [1] - Midea has developed a comprehensive smart home ecosystem centered around user needs, utilizing proactive service and a three-tier intelligent technology framework [1] Group 2: Product Features - The partnership enables "vehicle control home" and "home control vehicle" functionalities, allowing seamless interaction between Midea's smart home devices and BYD vehicles through the DiLink smart connectivity system [2] - Users can control home appliances via the vehicle's interface and manage vehicle settings remotely through Midea's app or smart home control screen [2] Group 3: Future Developments - Both companies plan to adopt an open strategy, with Midea expanding its product offerings to include security devices and small home appliances, while BYD will cover a broader range of vehicle models across its brands [3]

新加坡企业发展局（ESG）数据显示，截至11月5日当周，新加坡燃料油库存下降29.9万桶，至2448.2万 桶；中馏分油库存上涨69.4万桶，达到921.6万桶；轻馏分油库存下降55.6万桶，至四周低点1278.3万 桶。 （文章来源：新华财经） ...

MOX市场发展中心总监李轩，上海联交所党委副书记、总经理徐艳分别代表签约。南光（集团）有限 公司兼MOX董事长傅建国，上海交易集团党委副书记、总裁管小军，上海交易集团总监、上海联交所 党委书记、董事长曾彤，MOX执行委员会主席兼总裁张维春出席仪式并见证协议签署。 根据协议，双方将在跨境交易资源整合、科技创新成果转化及国际协作机制构建等领域深化合作，依托 MOX的国际化平台优势与上海联交所在产权交易的专业能力，推动跨境资产交易全生命周期服务及科 技项目信息互通。 （文章来源：新华财经） 此次合作是MOX深化内地产业与跨境资本协同发展的重要举措，双方将依托澳门区位优势与上海联交 所平台优势，构建"跨境+科技"双轮驱动的产融协同新模式，为粤港澳大湾区建设、长三角一体化发展 等国家战略提供资本赋能与技术支撑，为区域经济高质量发展注入强劲动能。 新华财经北京11月6日电 6日，中华（澳门）金融资产交易股份有限公司（简称"MOX"）与上海联合产 权交易所有限公司（简称"上海联交所"）在第八届中国国际进口博览会展馆内签署战略合作框架协议。 ...

Core Viewpoint - The bond market is currently in a consolidation phase, with long-end varieties remaining weak, and the focus is shifting back to fundamentals and equity market performance, requiring renewed policy easing expectations for further strengthening [1][6]. Market Performance - On November 6, the main contracts for government bond futures mostly closed lower, with the 30-year contract down 0.28% at 116.11, the 10-year contract down 0.09% at 108.535, and the 5-year contract down 0.03% at 105.965 [2]. - The interbank yield on major bonds generally rose, with the 10-year China Development Bank bond yield increasing by 0.2 basis points to 1.866%, and the 10-year government bond yield rising by 0.2 basis points to 1.7945% [2]. International Bond Market - In North America, U.S. Treasury yields rose across the board, with the 10-year yield increasing by 7.78 basis points to 4.159% [3]. - In Asia, Japanese bond yields also saw an increase, with the 10-year yield rising by 1.6 basis points to 1.68% [3]. - In the Eurozone, 10-year French, German, Italian, and Spanish bond yields all increased, with the French yield rising by 1.9 basis points to 3.455% [3]. Primary Market - The China Development Bank's 3-year and 7-year financial bonds were issued at yields of 1.6605% and 1.8685%, respectively, with bid-to-cover ratios of 3.35 and 5.62 [4]. Liquidity Conditions - The People's Bank of China conducted a 7-day reverse repurchase operation of 928 billion yuan at a rate of 1.40%, resulting in a net withdrawal of 249.8 billion yuan for the day [5]. - Short-term Shibor rates fell across the board, with the overnight rate down 0.2 basis points to 1.313% [5]. Institutional Perspectives - Institutions suggest that in a tightening monetary environment, floating-rate bonds may outperform other fixed-income assets, with expectations for further expansion in the floating-rate bond market [7]. - The overall stability of the liability side is expected to limit disturbances in the bond market, with a continued recovery anticipated in the fourth quarter [7]. - The bond market has entered a phase of information vacuum, with risk preferences becoming the main reference for interest rate pricing [7].

新华财经上海11月6日电 11月5日，第八届虹桥国际经济论坛"金融助力全球经贸发展"分论坛举办。柬 埔寨商业部国务秘书桑兴波拉在作主旨发言时表示，柬埔寨近年来通过一系列措施支持普惠金融和数字 化转型，推动数字贸易和电子商务发展，为出口导向型企业提供重要商机。 桑兴波拉表示，金融一直是贸易的生命线，在当今互联互通的世界中，金融创新、数字支付、金融科技 解决方案以及跨境结算系统，都在重塑着贸易和投资方式。柬埔寨政府高度重视促进普惠金融和数字互 联互通，协同推进多项关键举措加快数字化转型，包括开发数字贸易平台、简化海关手续和贸易流程， 提升贸易便利化水平；启动出口服务中心，协助中小企业获取市场信息，了解出口程序和要求；致力于 推广电子商务和跨境商务，使企业家尤其是妇女和青年可直接参与国际市场。 桑兴波拉指出，柬埔寨已与中国电商平台合作，通过该平台直接在中国市场以及东盟国家销售柬埔寨产 品并推广电子商务。同时，柬埔寨也致力于加强数字支付系统，这对于培育无缝连接的数字经济起到关 键作用。他表示，基于区块链的银行间移动支付平台，用户可使用智能手机进行跨银行、跨平台的实时 资金转账，不仅促进了安全高效的数字交易，也使得柬埔 ...

市场预计，英国央行将继续强调"逐次会议"决策原则，并重申利率正向"中性区间"靠拢。所谓中性利 率，指既不刺激也不抑制经济增长的长期均衡水平。 另一关键变量在于即将于11月26日发布的秋季预算。财政大臣雷切尔·里夫斯（Rachel Reeves）预计将 宣布大幅加税措施。里夫斯4日表示，秋季预算案将把抑制通胀作为核心目标，并旨在为英国央行下调 关键利率创造条件。并指出，该预算案将在控制政府债务的同时，保障公共服务支出。她强调："我所 做的决策将专注于推动通胀回落，创造降息条件以支持经济增长并改善民众生活成本。" 由于英国央行仅能基于已公布的政府政策进行预测，其本次经济展望暂未包含预算潜在影响。市场认 为，新一轮加税虽可能抑制通胀，但亦可能拖累经济增长，形成通缩效应。尽管经济数据疲软为降息打 开可能性之门，但多数经济学家认为，政策制定者将选择观望，等待更多通胀降温的持续证据以及秋季 预算案细节。 瑞银欧元区及英国首席经济学家迪恩·特纳（Dean Turner）评价称，本次会议是"近期最难预测的议息会 议之一"，核心争议并非是否降息，而在于降息的具体时机。 巴克莱、野村、瑞穗及裕信银行等机构则认为，存在英国央行意外 ...

Core Viewpoint - The article emphasizes the importance of hydrogen energy as a new economic growth point in China's energy system, highlighting the challenges and opportunities in the hydrogen industry, particularly in Hebei province, which is a pilot area for hydrogen energy development [1][2]. Industry Challenges - The hydrogen industry faces significant challenges related to supply-demand misalignment and high costs, which hinder its scalability [2][3]. - The distribution of hydrogen resources is not aligned with demand areas, leading to high transportation costs and supply-demand imbalance, creating a "vicious cycle" [3]. - Key issues that need to be addressed include customer willingness to adopt hydrogen fuel cell vehicles, economic viability, and the need for supporting infrastructure [3]. Hebei's Hydrogen Industry Development - Hebei has established a relatively complete hydrogen industry chain, with a total industry output value exceeding 70 billion yuan [3][4]. - The province is leveraging its full industry chain advantages to promote technological and model innovations for large-scale application [4]. Cost Reduction Strategies - Low-cost green hydrogen production is essential for the sustainable development of the hydrogen industry, with off-grid hydrogen production models being a primary focus [4]. - A project in Zhangjiakou aims to reduce green hydrogen production costs to below 18 yuan/kg by utilizing wind energy for electrolysis [4]. Transportation and Infrastructure - Hydrogen storage and transportation account for approximately 40% of the total hydrogen cost, with efficient and low-cost transportation methods being crucial for industry development [4]. - A major hydrogen pipeline project in the Beijing-Tianjin-Hebei region is expected to enhance the coordination of hydrogen production and consumption, addressing geographical mismatches [4][5]. Fuel Cell Vehicle Adoption - Hebei has promoted 4,518 hydrogen fuel cell vehicles, including 2,800 hydrogen heavy trucks, leading the nation in adoption [5]. - The cost of hydrogen fuel cell engines has decreased to below 2,500 yuan/kW, with expectations to drop to 200 yuan/kW by 2030, making them more competitive with traditional internal combustion engines [5]. Future Directions - The hydrogen industry is transitioning from reliance on gray hydrogen to green hydrogen, with industrial applications expanding beyond transportation [6][7]. - The industrial sector is projected to dominate hydrogen demand, with significant growth anticipated as hydrogen prices become more favorable for large-scale applications [7].

2025年1月1日至11月6日，全国碳市场碳排放配额成交量145,569,252吨，成交额9,076,269,010.81元。 新华财经北京11月6日电据微信公众号"全国碳交易"，11月6日全国碳市场综合价格行情为开盘价52.97元／吨，最高价55.80元／吨，最低价52.97元／吨， 收盘价54.86元／吨，收盘价较前一日上涨3.78%。 今日挂牌协议交易成交量844,102吨，成交额44,910,195.57元；大宗协议交易成交量555,261吨，成交额28,537,096.46元；今日无单向竞价。 今日全国碳排放配额总成交量1,399,363吨，总成交额73,447,292.03元。 | 各年度 | 开盘价 | | ，各年度。 | 收益价 | 日成交量 | 日成交额 | 累计成交量 | 累计成交额 | 交易方式 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | (元) | （吨） | (元) | | | | | | | | | - | 49.051.536 | 2.719.954.775.06 | ...