Core Insights - The "smart customs clearance" revolution driven by technological innovation is significantly enhancing cross-border travel and consumption experiences in the Guangdong-Hong Kong-Macao Greater Bay Area [1][2] Group 1: Technological Advancements - Shenzhen's border inspection station has deployed advanced equipment such as backscatter detectors, underwater robots, and drones, improving customs control efficiency and safety [1] - The application of these technologies has led to a notable increase in the detection of illegal activities, with the proportion of cases identified rising to 56% [1] Group 2: Innovation and Development - Shenzhen's self-developed innovations include the "smart mobile command vehicle" and the "Meisha Tide Laboratory," which has produced multiple award-winning results [2] - The "Digital Synthesis Combat Center" has seen a year-on-year increase in case resolution rates by 96.4%, showcasing the effectiveness of these innovations [2] - Shenzhen holds the highest number of intellectual property rights in the country, reflecting its strong innovation capabilities [2] Group 3: User Experience and Impact - The newly introduced "face recognition" customs clearance model has been well-received, allowing for a smoother travel experience akin to subway transfers [2] - As of December 23, 2025, the Huanggang border inspection station has processed over 75 million entries and exits, with a year-on-year increase of 9% [3] - The "smart face recognition" customs clearance and other initiatives have significantly accelerated cross-border travel in the Greater Bay Area [3]

Core Insights - The housing provident fund in Shenzhen serves as a crucial indicator of the city's economic vitality and public welfare, with significant growth in new accounts and funds collected in 2025 [1][2] Group 1: Account Growth and Economic Impact - In 2025, Shenzhen saw the addition of 40,000 new account-holding units and 833,100 new individual accounts, marking a year-on-year growth of 6.01%, with total funds collected reaching 119.158 billion yuan [2] - Non-public enterprises account for 97% of the contributing units, highlighting their role as the main contributors to the provident fund [2] - The total number of units with housing provident fund accounts has exceeded 600,000, serving over 21 million individuals [2] Group 2: Flexible Employment Participation - Shenzhen has pioneered the inclusion of flexible employment workers in the housing provident fund system, allowing approximately 120,000 individuals to voluntarily contribute [3] - The system provides flexible contribution options for these workers, enhancing their ability to secure housing loans [3] Group 3: Rental Withdrawals and Policy Support - In 2025, rental withdrawals reached 61.244 billion yuan, benefiting 3.617 million citizens, addressing the housing needs of new residents and young people [4] - The new regulations facilitate various withdrawal options, including for down payments and tax payments, aimed at easing housing pressures for different demographics [4] Group 4: Loan Support and Benefits - The maximum loan amount available is 2.31 million yuan, the highest in the country, with additional support mechanisms for families with multiple children [5] - As of November 2025, Shenzhen has issued 543,800 personal housing loans totaling 387.851 billion yuan, supporting the purchase of 51.66 million square meters of housing [6] - The introduction of interest subsidies and innovative loan repayment options further enhances the financial benefits for employees utilizing the provident fund [6]

项目全面建成后，预计2035年货物吞吐量将达3000万吨，将成为全国最大的单体铁路物流中心和亚洲单 体规模最大的公铁海多式联运中心，显著强化大湾区与"一带一路"共建地区的物流联通效能。 项目整体建成后，平湖南综合物流枢纽将承担深圳约140万标箱的海铁联运任务，推动区域物流效率提 升30%、成本降低20%，为深圳建设全球物流枢纽城市、促进粤港澳大湾区产业协同发展提供重要支 撑。 据悉，此次已具备开通条件的地面层铁路工程是枢纽运行的"钢铁动脉"。项目总工程师孙政介绍，"经 过全面智能化升级改造后的地面层铁路，可以实现多趟列车同时接发，大幅提升物流周转效率。"预计 地面层线路全面运营后，平湖南将作为枢纽内东部高铁快运节点，依托联通杭深铁路、广深铁路 （601333）的区位优势，初期可承担超过60万标箱/年的铁路集疏运任务。 【深圳商报讯】（驻穗记者 张莹）12月30日，全国最大单体综合物流枢纽——深圳平湖南综合物流枢 纽铁路地面层工程完全具备开通条件，核心铁路运输功能正式落地，成功接入全国铁路网络，为上盖智 慧物流园区建设与多式联运体系全面贯通奠定坚实基础。 作为国家"十四五"规划首批重点物流枢纽之一，该项目总建筑 ...

Core Viewpoint - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Functional Unmanned Vehicle Competition focuses on the dual-track verification of technology and safety for functional unmanned vehicles, marking a shift in the industry from scale expansion to quality improvement in safety and operational stability [1][3]. Group 1: Event Overview - The competition, themed "Intelligent Driving in the Bay Area, Creating a Safe Future," aims to validate the safety capabilities and innovative potential of functional unmanned vehicles in complex environments through real-world assessments [2]. - The event features a dual-track model consisting of a "Specialized Testing Competition" and an "Outstanding Scenario Competition," addressing operational pain points of unmanned vehicles [2]. Group 2: Industry Development - The functional unmanned vehicle industry is transitioning from "running far" to "running steadily," emphasizing operational quality and safety as key focus areas [3]. - As of August this year, major express delivery companies have deployed approximately 5,500 RoboVans, with Shenzhen leading in operational density among cities [3]. Group 3: Regulatory Framework - Shenzhen has established a "4123" development system for unmanned logistics, with standardization as a core pillar, including a comprehensive quality development work plan and a standard system for functional unmanned vehicles [4]. - The city has implemented strict requirements for market operators, ensuring a closed-loop management process from approval to operation [4]. Group 4: Safety Initiatives - Shenzhen has initiated the first industry self-regulatory agreement for unmanned vehicles, signed by over 20 leading companies, promoting collaborative governance and safety management [5]. - The monthly traffic accident rate for unmanned vehicles in Shenzhen dropped to 0.17 incidents per 10,000 kilometers in November 2025, a significant 75% decrease, with zero major responsibility accidents reported [5]. Group 5: Future Outlook - Shenzhen plans to increase the deployment of functional unmanned vehicles to at least 2,000 units by 2026, aiming to develop a collaborative system integrating drones, unmanned trucks, and unmanned logistics vehicles [5].

Group 1 - The Hong Kong Stock Exchange (HKEX) welcomed 6 companies for listing on December 30, marking a total of over 110 IPOs for the year, with a fundraising scale exceeding 280 billion HKD, leading globally among exchanges [1] - From January 1 to December 30, 117 companies were listed on the Hong Kong stock market, an increase of 47 compared to the previous year, with a total fundraising amount of 285.69 billion HKD, representing a growth of 224.11% year-on-year [1] - Emerging industries are particularly favored, with the highest number of new listings coming from the pharmaceutical, software services, medical equipment and services, hardware, and non-ferrous metals sectors, totaling 20, 19, 8, 7, and 7 companies respectively [1] Group 2 - In terms of regional distribution, Shanghai led with 20 companies listed as H-shares, followed by Guangdong with 17 and Jiangsu with 14 [2] - Notable Shenzhen companies that went public in Hong Kong include Guanghetong, Fengcai Technology, Zhouliufu, Bama Tea, and Woan Robotics [2] - Looking ahead to 2026, the "A+H" listing model remains a focus, with 315 companies currently in the IPO process on the HKEX, including notable A-share companies like Nanhua Futures and Zhongwei Co., which have passed the hearing for H-share listings [2]

【深圳商报讯】（记者 詹钰叶）造车"新势力"零跑汽车近日官宣了与央企一汽的37亿元资本联姻。这 也是央企首次入股造车"新势力"。 根据港交所公告，此次定向增发核心条款为：一汽股权以每股50.03元人民币的价格，认购零跑汽车 7483.22万股内资股，募资总额37.44亿元，折合港元约41.38亿港元。这一认购价较协议签署前最后交易 日收盘价49.94港元存在溢价。 本次交易完成后，一汽股权将持有零跑汽车经扩大后股份总数的约5%，约占经扩大后内资股总数的 20.47%，成为重要战略股东。至此，零跑汽车形成由创始团队、外资巨头Stellantis集团和国有车企中国 一汽构成的稳定三角。创始人、董事长朱江明及其一致行动人持股比例从23.75%稀释至22.56%。朱江 明表示，本次一汽战投不影响创始团队控制地位。 ...

【深圳商报讯】（记者 陈姝）12月30日，Meta以数十亿美元收购开发AI应用Manus的蝴蝶效应公司。 蝴蝶效应公司官方也确认了即将加入Meta的消息。据悉，这是Meta自成立以来的第三大并购，收购金 额仅次于WhatsApp和Scale AI。 Manus是全球首款通用型AI智能体产品，由蝴蝶效应公司研发，名称源自拉丁语"Mens et Manus"（意 为"手脑并用"），能根据用户指令，独立思考、规划并执行复杂任务，直接交付完整成果，涵盖报告撰 写、表格制作、筛选简历等多领域工作。产品刚发布时，内测邀请码一度被炒至数万元，官方澄清无付 费渠道。2025年7月，团队迁至新加坡。 公开信息显示，蝴蝶效应公司成立于2022年，创始人肖弘是江西人。肖弘和早期合伙人来自华中科技大 学，团队成员没有海外留学经历或"大厂"高管的履历，在推出Manus前，曾探索过十几个产品。 对于此次收购，肖弘称，携手Meta使其能够在不改变Manus运作方式和决策机制的前提下，在更强大、 更可持续的基础上发展。 Manus官方发文称，自发布以来，Manus专注于构建通用型AI Agent，帮助用户高效完成研究、自动化 和复杂任务。面 ...

Group 1 - The total net asset value of public funds in China reached 37.02 trillion yuan by the end of November, marking a historical high for eight consecutive months [1] - The growth in public fund scale in November was primarily driven by money market funds and bond funds, with money market funds increasing by nearly 130 billion yuan and bond funds by over 30 billion yuan compared to the end of October [1] - The public fund scale has shown strong growth momentum, breaking through significant thresholds of 33 trillion yuan in April, 34 trillion yuan in June, 35 trillion yuan in July, 36 trillion yuan in August, and finally surpassing 37 trillion yuan in November [1] Group 2 - In November, the A-share market experienced fluctuations, leading to a nearly 2% decline in the Shanghai Composite Index, which resulted in a decrease in the net value of equity funds [2] - The latest share of equity funds reached 3.82 trillion shares by the end of November, reflecting a month-on-month growth of 2.09%, while the scale of equity funds fell to 5.8 trillion yuan, a decrease of 2.2% [2] - The latest share of mixed funds reached 2.58 trillion shares, with a month-on-month growth of 0.42%, but the scale decreased to 3.6 trillion yuan, down by 1.96% [2]

Core Insights - The total number of newly established public funds reached 1553 in the year, marking a year-on-year increase of 35.87%, the highest issuance in the past four years [1] - The average subscription period for new funds was 16.41 days, which is over 6 days shorter than the previous year, indicating heightened market enthusiasm [1] Group 1: Market Dynamics - The increase in both the number and efficiency of new fund issuances is attributed to several factors: a favorable equity market, a surge in market enthusiasm, and a significant reduction in average subscription days [1] - The deepening trend of passive investment has led to a strong demand for index-based products, with accelerated approvals and expansion of ETFs, making passive index equity funds the mainstay of new issuances [1] Group 2: Product Structure - Equity funds dominate the new product landscape, with 1109 newly issued equity and mixed equity funds, accounting for 71.41% of the total new fund issuances [1]

Core Viewpoint - Gu Di Technology (002694) is currently involved in a significant construction contract dispute, with the case entering the enforcement stage, involving a total amount of approximately 136 million yuan, including principal and interest [1] Group 1: Legal Proceedings - The company has received a summons from the Intermediate People's Court of Alxa League in Inner Mongolia regarding a lawsuit for adding and changing the executed party [1] - This case originates from a payment dispute between Ningxia Construction and Alxa League Dream Car Culture Tourism Development Co., Ltd [1] - The company is also pursuing a case against Changsha Huaten Energy-Saving Technology Co., Ltd for overdue payments, with a court ruling requiring the defendant to pay a total of over 3.72 million yuan, including overdue interest [1] Group 2: Ongoing Litigation - Another lawsuit involving Hubei Longshang Industrial and Trade Investment Co., Ltd against Gu Di Technology is currently in the appeal period [1]