金融是支持乡村全面振兴和乡村特色产业发展的重要力量。今年7月，中国人民银行、农业农村部 联合印发《关于加强金融服务农村改革 推进乡村全面振兴的意见》（以下简称《意见》）。 《意见》再次强调，深化乡村富民产业金融服务，拓宽抵押担保方式，创新乡村"土特产"融资模式 和专属金融产品，推广"一链一策"金融服务模式，丰富债券、理财等金融产品供给，支持拓宽农民增收 渠道。 围绕农村产业发展和农民致富增收，银行业金融机构"各显神通"，优化服务、创新产品，助力实现 乡村全面振兴。 持续做好"土特产"文章 硒砂瓜是产于宁夏的西瓜，甜美可口，风味极佳。 增加农民收入是"三农"工作的中心任务。今年的中央一号文件提出，着力壮大县域富民产业，对发 展乡村特色产业、完善联农带农机制、拓宽农民增收渠道作出部署。 瓜不可口，卖不上好价钱，赵进宝十分犯愁。在他一筹莫展之际，农业银行宁夏中卫分行得知消息 后，立刻上门了解情况，并为其办理了20万元"富民贷"。 "不用提供担保，利率也很优惠，农行帮了我大忙。"赵进宝表示，拿到贷款后，他马上将资金投入 土地改造，当年，他种的西瓜产量、甜度都提升不少。 "服务瓜农，就得懂瓜、懂地、懂时节。"农业银行宁 ...

Core Insights - The article highlights the significant role of China Construction Bank (CCB) Shenzhen Branch in supporting the development of the Shenzhen Special Economic Zone and the Guangdong-Hong Kong-Macao Greater Bay Area through innovative financial services [1][2][3]. Financial Services and Initiatives - CCB Shenzhen Branch launched a comprehensive financial service plan to support the "dual zone" construction, focusing on five key areas: technology, domestic demand, foreign trade, the Greater Bay Area, and people's livelihood [1]. - The bank provided 130 billion yuan in technology loans, 2 billion yuan in inclusive credit for cross-border transactions, and 1.3 billion yuan in housing loans, demonstrating its commitment to financial support [1]. - Over 20,000 technology enterprises have benefited from CCB's services, with consumer loans amounting to 18 billion yuan and strategic emerging industry loans reaching 134 billion yuan [1]. Innovation in Financing - CCB Shenzhen Branch utilized a "technology flow" evaluation system to enhance financing for small and micro technology enterprises, achieving rapid loan approvals and disbursements [3]. - The bank introduced various specialized products, such as "20+8 Industry Loan" and "Shenzhen融贷," to improve loan accessibility for small technology firms [3]. Support for Foreign Trade - CCB Shenzhen Branch implemented a digital inclusive finance strategy to alleviate the financing challenges faced by small foreign trade enterprises, providing over 2 billion yuan in inclusive loans by mid-2025 [5]. - The bank's "Platform Cloud Loan" product enabled quick credit assessments based on real sales data, facilitating significant sales growth for companies [4]. Commitment to Sustainable Development - CCB Shenzhen Branch is actively involved in financing green projects, such as the upgrade of the Ma Wan Power Plant, which aims to reduce coal consumption and emissions [6]. - The bank has also introduced innovative mortgage products for shared ownership housing and prioritized support for the elderly care finance sector [6]. Overall Impact - CCB Shenzhen Branch's multifaceted financial strategies are designed to support high-quality development and promote common prosperity, reflecting the bank's mission in the evolving economic landscape of Shenzhen and the Greater Bay Area [6].

珠江潮涌，奔流入海。当深圳经济特区迎来45周岁华诞，外贸"新三样"的货轮正穿越惊涛驶向蓝 海，背后一场静水深流的金融变革已然开启。而当跨境金融创新成为特区扬帆的关键引擎，一组鲜活的 数据见证着这场变革推动者的铿锵足迹—— "2024年度深圳金融支持经济高质量发展"评选活动中，荣获"优秀服务奖"…… 在这片敢为人先的热土上，民生银行深圳分行坚持稳健经营、改革创新双轮驱动，不断探索高质量 发展新路径，以卓有成效的实践书写跨境金融服务新范式，奏响了"金融报国、金融为民"的时代强音。 破冰融资梗阻：外贸企业出海的"诺亚方舟" "报关单就是信用证！"在深圳某家具出口公司，企业负责人手持报关单感慨万千：他的企业常年为 欧美高端卖场供货，但往年，订单激增的喜悦还来不及展开，原料采购资金缺口却卡住脖子。如今，这 样的烦恼一去不返了。 转忧为喜的背后，是民生银行深圳分行创新推出的一款自动化授信产品。通过对接国家外汇管理 局"跨境金融服务平台"，引入企业投保中信保的出口数据增信，传统需数周的融资流程被压缩至"报关 即融通"。 "以前总为备货资金发愁，没想到现在无须抵押，只需通过线上申请，短短几天就能拿到500万 元'救命钱'，不 ...

Core Insights - The article highlights the evolution of cross-border financial services in Shenzhen, particularly through the initiatives of the Bank of China, showcasing a transition from traditional cash handling to modern digital payment systems [1][8] - It emphasizes the role of the Bank of China as a pioneer in cross-border financial innovation, adapting to the needs of the Shenzhen Special Economic Zone and contributing to the region's economic development [2][4] Historical Development - The Bank of China established its Shenzhen branch in 1978, supporting the early economic development of the region with basic banking services [2] - The first credit letter was issued by the Bank of China in 1981, marking a significant step in facilitating international trade for local businesses [2] - In 1986, the bank was authorized to offer RMB savings, breaking previous restrictions and allowing for greater financial flexibility [3] Cross-Border Financial Innovations - The introduction of cross-border RMB settlement in 2009 marked a new phase in financial collaboration between Shenzhen and Hong Kong, with transaction volumes reaching over 2 trillion RMB by 2024 [4] - The "Cross-Border Wealth Management Connect 2.0" program increased individual investment limits from 1 million to 3 million RMB, enhancing accessibility for Hong Kong residents [5] Ecosystem Development - The "Kehui Tong" initiative supports cross-border funding for research institutions, facilitating international collaboration in technology and innovation [6] - The Bank of China is building a comprehensive cross-border financial ecosystem, aiding local companies like Huawei and BYD in their global expansion efforts [6] Service Efficiency Improvements - The Bank of China has streamlined cross-border payment processes for e-commerce businesses, reducing transaction times significantly [7] - The bank serves over 50,000 cross-border clients, maintaining a leading position in international trade settlement and currency exchange in Shenzhen [7] Ongoing Financial Innovations - The Bank of China continues to innovate in response to the growing demands of the real economy, with initiatives aimed at enhancing cross-border settlement and investment facilitation [8] - The bank's efforts reflect a broader trend of financial openness in China, aligning with the country's status as a major trade partner globally [8]

责任编辑：韩胜杰 交易商协会表示，下一步，将继续秉持"自律、创新、服务"的宗旨，持续开展与企业会员之间的业 务交流，不断加强与企业的沟通合作，为银行间市场的高质量发展作出贡献。 本报讯 记者张弛报道 为提升培训工作的针对性和实效性，及时向发行企业直接传达协会最新政策 和产品，助力债券市场高质量发展，近日，中国银行间市场交易商协会（以下简称"交易商协会"）在北 京举办首期发行企业高管业务研讨班。交易商协会副会长、副秘书长徐忠，副秘书长王蔚出席研讨班， 共65家企业的高管参加了研讨。 研讨班上，交易商协会对银行间市场的最新政策和产品、债务融资工具创新产品与定向注册发行工 作、债务融资工具存续期管理与自律处分工作、发行人违规典型案例等方面的工作进行了介绍，并邀请 市场机构专家就全球变局下的宏观经济与金融市场作了交流分享。此外，交易商协会还组织了业务交流 座谈，20多家企业代表发言，与会人员就本行业发展现状及出现的新情况新变化、城投平台转型等问题 进行了深入交流。与会人员表示，本次研讨内容全面、交流深入，进一步加深了对银行间债券市场发展 和如何利用银行间市场促进企业发展等问题的认识。 ...

Core Viewpoint - The Shanghai Clearing House recently held a conference on interbank credit derivatives, emphasizing the importance of contract-based credit derivatives in financial markets for pricing, risk management, and credit enhancement [1] Group 1: Conference Overview - The conference included representatives from 14 market institutions, such as the China Interbank Market Dealers Association, commercial banks, and securities companies [1] - Shanghai Clearing House presented on the development of contract-based credit derivatives and clearing services [1] - Representatives from SPDB and Guotai Junan Securities shared practical applications and trading strategies related to credit derivatives [1] Group 2: Importance of Credit Derivatives - Credit derivatives serve as crucial tools for price discovery, risk management, and credit enhancement, significantly impacting bond market pricing and risk management efficiency [1] - The Shanghai Clearing House plays a vital role in providing bilateral and central counterparty clearing services for credit derivatives, enhancing market infrastructure [1] Group 3: Future Directions - The Shanghai Clearing House plans to continue developing the credit derivatives market under the guidance of the People's Bank of China, focusing on market needs and collaboration with various parties [1] - There is an emphasis on product innovation, mechanism optimization, and expanding the business scope to support the high-quality development of the interbank credit derivatives market [1]

Core Insights - Hong Kong Stock Exchange (HKEX) has implemented various measures to enhance market activity, resulting in significant performance improvements in 2025 [1][2] - The exchange aims to continue enhancing its platform, infrastructure, and product offerings to provide diverse options, ample liquidity, and efficient connectivity for investors and issuers [1] Market Performance - In the first half of 2025, HKEX achieved record highs in multiple market metrics, with an average daily trading amount of HKD 240.2 billion, a year-on-year increase of 118% [2] - The average daily trading volume for futures and options exceeded 1.7 million contracts, up 11% year-on-year [2] - The Hong Kong ETF market saw a significant increase, with an average daily trading amount of HKD 33.8 billion, rising 184% compared to the same period last year [2] - Northbound and southbound trading through the Stock Connect also reached record highs, with an average daily trading amount of RMB 171.3 billion, a 32% increase from the first half of 2024 [2] Revenue Growth - HKEX reported a record revenue and other income of HKD 14.076 billion in the first half of 2025, a 33% increase from the same period in 2024 [3] - The increase in trading activity significantly contributed to revenue growth, with trading fees and system usage fees reaching HKD 4.906 billion, up 49.11% year-on-year [3] - Clearing and settlement fees amounted to HKD 3.155 billion, reflecting a year-on-year growth of 48.47% [3] - Nearly 90% of HKEX's profits are allocated for dividends, with a total interim dividend of approximately HKD 7.6 billion [3] IPO Market - HKEX regained the top position globally in terms of fundraising in the first half of 2025, welcoming 44 new listings, a 716% increase year-on-year [4] - Notable IPOs included CATL, which raised HKD 41 billion, marking the largest IPO on HKEX since February 2021 [4] - The number of companies waiting to go public reached 207, indicating a robust pipeline for new listings [4] - The total amount raised through refinancing reached HKD 244.8 billion, the highest for a half-year since 2021 [4] Strategic Initiatives - HKEX is advancing several strategic initiatives to solidify its role as a global hub, including extending the duration of interest rate swap contracts to 30 years to meet diverse risk management needs [5] - Plans to include RMB-denominated stocks in the Stock Connect are underway, enhancing connectivity between Hong Kong and mainland markets [5] - The introduction of the "Specialized Technology Company Route" allows tech firms to submit IPO applications confidentially, promoting a more accessible listing process [6] - HKEX has expanded its product offerings, including new stock options and the first Nasdaq-100 ETF listed in Asia, enhancing investor choices [6] Future Outlook - Despite various external uncertainties, HKEX remains cautiously optimistic about the market outlook for the second half of 2025, with confidence in its ability to adapt to changing conditions [6][7]

"国信+万和"并购案迎新进展。近日，中国证监会官网发布关于同意国信证券股份有限公司发行股 份购买资产注册、核准万和证券股份有限公司变更主要股东及实际控制人的批复。这意味着该并购重组 项目正式注册生效。 分析人士认为，作为深圳市国资委旗下的两家券商，国信证券与万和证券的整合具有战略意义，与 以往常见的强强联合模式不同，这更多体现了地方国资对资源分配重新考量，以此整合旗下券商资产。 中国证监会核准 回顾整合进程，2024年8月21日，国信证券发布《关于筹划发行股份购买资产事项的停牌公告》， 正式披露了收购万和证券的初步计划，公司拟以发行A股股份的方式购买万和证券控制权。 2024年9月份，国信证券公告了发行股份购买资产暨关联交易预案。预案简介显示，国信证券拟通 过发行A股股份的方式向深圳资本、鲲鹏投资等7名交易对方购买其合计持有的万和证券96.08%股份。 2024年12月20日，国信证券公告称，公司收到深圳市国资委出具的《深圳市国资委关于国信证券发 行股份收购万和证券有关事项的批复》，深圳市国资委原则同意公司本次发行股份购买资产暨关联交易 方案。 2025年4月10日，国信证券收到深圳证券交易所出具的《关于受理 ...

Group 1 - The core viewpoint of the article emphasizes the importance of the carbon market as a policy tool for addressing climate change and promoting a green transition in the economy and society [1] - The main goals set forth in the recent opinion include achieving basic coverage of major industrial sectors in the national carbon emissions trading market by 2027 and establishing a comprehensive voluntary emissions reduction trading market by 2030 [1][2] - The expansion of the national carbon emissions trading market will include new sectors such as steel, cement, and electrolytic aluminum, which are significant contributors to emissions and are heavily influenced by international green trade [2][3] Group 2 - The opinion outlines the need to improve the carbon emissions quota management system, including establishing a transparent quota management framework and gradually shifting from intensity control to total control of emissions quotas [4] - The introduction of carbon finance is highlighted as a key strategy to enhance market vitality, allowing financial institutions to develop green financial products related to carbon emissions rights [5][6] - The article references the EU carbon market as a model for integrating financial attributes into carbon markets, which has led to a diverse range of trading products and active market participation [7]

Core Insights - The press conference highlighted the achievements of the customs authority in safeguarding national security and promoting high-quality development during the "14th Five-Year Plan" period [1] Group 1: Customs Oversight and Security - The customs authority has averaged 5.2 billion tons of import and export goods annually, with a total value of 41.5 trillion yuan, making it the largest globally [2] - A total of 5.15 million pieces of prohibited items related to politics, firearms, and explosives were seized, along with 180,000 cases of infectious diseases detected [2] - The customs authority has maintained a high-pressure stance against smuggling, with 23,000 smuggling cases investigated [3] Group 2: Intellectual Property Protection - The customs authority has conducted several special operations to combat intellectual property infringement, resulting in the seizure of 260,000 batches of suspected infringing goods, totaling nearly 400 million items [4] - New measures have been implemented to enhance service efficiency for rights holders, including online registration and rights confirmation [4] - The customs authority has strengthened cooperation with domestic departments and engaged in international joint law enforcement actions to improve enforcement effectiveness [4][5] Group 3: Technological Advancements and Trade Facilitation - The "Smart Customs" initiative has been implemented, covering 80% of air ports, allowing for seamless and rapid customs clearance for travelers [6] - A total of 40 new and expanded open ports have been established, bringing the total to 311, enhancing trade and cultural exchanges [7] Group 4: Economic Contributions and Trade Growth - Special customs supervision areas have contributed to one-fifth of the national import and export value despite occupying less than 0.00002 of the country's land area [8] - The export of "new three items" is projected to increase by 2.6 times by 2024 compared to 2020, reflecting the growth of new trade dynamics [9] - China has become one of the top three trading partners for 157 countries/regions, with significant growth in trade with emerging markets [10]