面对国际环境的复杂多变以及全球贸易格局的深度调整，抢出口、稳订单、拓市场成为各地外贸发 展的重要课题。 曾以"货到汉口活"闻名的商业重镇武汉，选择主动出击、拥抱变局，以"抱团出海"为关键 抓手，在全球贸易浪潮中探索内陆城市的开放新路径。 2 0 2 5年7月下旬，武汉市商务局组织三大经贸代表团，带领一批企业分赴泰国、越南、马 来西亚、巴西等多个国家，这也是市商务局今年开展的第二轮"抱团出海"行动。此次出访 聚焦汽车及零部件、激光装备、智能电气、医疗器械、农机产品（农业技术）等武汉优势 领域，通过政企资源整合、协同出击的模式，高效对接海外市场需求。 这次的行动不仅是对上半年首轮"抱团出海"成效的巩固，也是抢抓国际订单、延续上半年 外贸良好增势的务实之举。据武汉市商务局统计，今年已完成的两轮"抱团出海"共促成出 访企业对接海外客户超1 2 0 0家，达成经贸合作意向超1亿美元。今年上半年，武汉市外贸 进出口总额逆势增长2 2 . 3%，跑赢全国平均增速1 9 . 4个百分点。 更为重要的是，武汉正通过"产业+商贸+平台"的系统思维，打破传统外贸"单打独斗"的局 限，推动产业集群和产业链的协同出海，让更多的"武汉智 ...

Core Viewpoint - ST Bosen (002569.SZ) is taking significant steps to address its financial difficulties by selling a 35% stake in its subsidiary, Shaanxi Bosen Apparel Intelligent Manufacturing Co., to Nantong Erfang Machinery Co. This move is crucial for the company to recover funds and avoid delisting risks after three consecutive years of losses [1][2]. Group 1: Asset Sale Details - The asset sale is a cash transaction, and while the exact price is yet to be determined, it is expected to constitute a major asset restructuring, impacting the company's operations and future profitability [2]. - The sale is part of ST Bosen's strategy to focus on its core business, improve liquidity, and optimize its asset structure amid a challenging market environment for men's apparel [2][3]. - The transaction reflects the business adjustment needs of both parties, with ST Bosen aiming to consolidate resources and Nantong Erfang seeking to expand its production capacity in the western region [2]. Group 2: Financial Context - ST Bosen has faced significant financial challenges, with cumulative losses exceeding 200 million from 2022 to the first half of 2025, and a revenue drop of over 25% year-on-year in the first half of 2025 [5][6]. - The company is under delisting risk due to negative net profit and insufficient revenue, which necessitates urgent action to improve its financial standing [5][6]. - The sale of the Shaanxi subsidiary is seen as a critical step to alleviate cash flow pressures and may serve as a precursor to deeper strategic adjustments or asset restructuring [5][6]. Group 3: Market Reactions and Future Outlook - Following the announcement of the asset sale, ST Bosen's stock price surged, indicating investor approval of the move [6]. - Despite the positive market reaction, the long-term viability of ST Bosen hinges on its ability to revive its core business and restore sustainable profitability in a highly competitive apparel market [3][6]. - The company must address fundamental questions about its growth strategy as it races against time to meet regulatory requirements by the end of 2025 [6].

Core Viewpoint - Apple has launched its new iPhone 17 series, which includes four models: iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and the new iPhone 17 Air, marking a significant update in design and technology [1][5][10]. Pricing Summary - The iPhone 17 series starts at 5999 yuan for the standard model, with the iPhone 17 Air at 7999 yuan, the Pro at 8999 yuan, and the Pro Max at 9999 yuan. The highest-priced model, the iPhone 17 Pro Max, is priced at 17999 yuan, the highest in Apple's history [3][4]. Product Features - The iPhone 17 Air is the thinnest iPhone ever at 5.6mm, replacing the Plus model and featuring eSIM technology [6][9]. - All models in the iPhone 17 series now support 120Hz refresh rates, with the standard model having a 6.3-inch display [10]. - The iPhone 17 standard model is powered by the new A19 chip, while the Pro models use the A19 Pro chip, which has a 6-core GPU and supports local running of large models [14]. - The iPhone 17 series features improved battery life, with a 40W fast charging capability that can charge to 50% in just 20 minutes, and an 8-hour increase in battery life compared to the iPhone 16 [14]. Camera and Design Enhancements - The iPhone 17 Pro features a new camera design with three 48MP lenses and introduces a VC thermal plate for better heat dissipation [15][18]. - The front camera has been upgraded to the largest sensor in iPhone history, allowing for simultaneous front and back video recording [14]. Market Performance - Following the product launch, Apple's stock fell by 1.48%, with a total market capitalization of $3.48 trillion [21]. - In the Chinese smartphone market, Apple has seen a decline in market share, ranking fifth with a 13.9% share, down from previous quarters [23][24]. Future Outlook - Apple is reportedly increasing its shipment expectations for foldable iPhones, indicating strong anticipation for this product line [27][28].

Core Viewpoint - The article emphasizes the significant advancements in China's industrial sector, particularly in the field of robotics, driven by the demand for modernization and the transition towards intelligent manufacturing [1][2][3]. Group 1: Industrial Development - The Ministry of Industry and Information Technology has supported 46 cities in implementing new technology transformation pilot projects, resulting in over 230 top-tier smart factories and 1,260 5G factories [1]. - China's industrial robot installation accounted for over 50% of the global total, highlighting the country's position as the largest manufacturing nation [1][3]. Group 2: Market Demand and Innovation - The demand for industrial robots is fueled by the need for intelligent and flexible production lines across various sectors, including traditional industries and emerging strategic sectors like new energy and lithium batteries [2]. - The internal innovation capability of Chinese companies is crucial, as the vast market serves as a testing ground for new technologies and applications, allowing for continuous iteration and maturation [2][3]. Group 3: Domestic Industry Growth - Domestic robot manufacturers are rapidly growing, establishing a complete industrial chain from core components to system integration, with a steady increase in the share of domestic robots in the market [3]. - Chinese companies are not only utilizing robots but are also defining their applications, integrating advanced technologies like 5G and AI to create intelligent solutions that enhance human-machine collaboration [3]. Group 4: Future Challenges and Directions - Despite achieving over half of the global installation volume, China still faces challenges in high-end robotics, core component autonomy, and software development, indicating areas for future innovation focus [4]. - The path for China to transition from a major application market to a strong industrial power lies in leveraging its large market to increase R&D investment and build an open, collaborative innovation ecosystem [4].

Core Viewpoint - The Hang Seng Index (HSI) has reached a nearly four-year high, driven by capital inflows and the recent strength of the A-share market, with a long-term optimistic outlook on hard technology and undervalued consumer and internet stocks [1][3][13]. Market Performance - On September 9, the HSI peaked at 26,027 points, marking its first return to the 26,000-point level since October 26, 2021. The index closed at 25,938.13 points, up 1.19% for the day. The Hang Seng Technology Index and the Hang Seng China Enterprises Index rose by 1.30% and 1.32%, respectively. Year-to-date, these indices have increased by 29.30%, 30.45%, and 26.78% [3][4]. - Notable stock performances include Bilibili rising over 5%, Kuaishou over 4%, and Alibaba and JD.com each over 3%. The healthcare sector also saw significant gains, with Alibaba Health up over 10% [3]. Sector Contributions - Key sectors influencing the HSI include pharmaceuticals, non-ferrous metals, and semiconductors. For instance, China Biologic Products has surged by 98% in the last three months, while JD Health and WuXi AppTec have increased by 69% and 62%, respectively [4][8]. - The top-performing stocks in the HSI include Alibaba, which has risen by 75.10% this year, and Xiaomi, which is up 62.90% [3]. Capital Flows - The recent rise in the HSI is attributed to liquidity, particularly from southbound capital, which has seen a net inflow of 1.04 trillion HKD this year. The proportion of southbound capital in the Hong Kong stock market has increased from 5.3% in 2021 to over 11% currently [8][9]. - The expectation of U.S. Federal Reserve interest rate cuts has also contributed to increased foreign investment in Hong Kong stocks, with passive foreign capital continuing to flow in [9][10]. Institutional Investment Strategies - Institutions are focusing on high-dividend, high-quality assets, particularly in technology and financial sectors. Investment strategies include a "barbell strategy," balancing investments in tech leaders and high-dividend assets [11][12]. - The market is characterized by structural differentiation, with a focus on sectors such as technology, pharmaceuticals, and high-yield assets. The HSI is viewed as undervalued compared to historical averages, suggesting long-term investment potential [13].

Core Viewpoint - The article discusses the recent surge in Chinese concept stocks in the U.S. market, driven by various macroeconomic factors and policy support from China, while highlighting the potential for continued investment opportunities in this sector [7][8][16]. Economic Data - As of March, the U.S. non-farm employment figures were revised down by 910,000, exceeding market expectations of a 700,000 revision, marking the second consecutive year of significant adjustments in U.S. employment data [2]. Market Performance - The Nasdaq Golden Dragon China Index rose nearly 2%, with notable gains in stocks such as Kingsoft Cloud (up over 14%), Yipeng Energy (up 8.16%), and Bilibili (up over 7%) [2][3]. - Alibaba's stock reached a new high since November 2021, with a price of $148, reflecting a nearly 30% increase since Q3 2025 and over 76% year-to-date [3]. Policy and Market Dynamics - There are rumors of significant business adjustments at Alibaba, particularly related to its partnership with Amap, which may influence stock performance [5]. - The surge in Chinese concept stocks is attributed to a combination of external and internal factors, including a weakening dollar and the Federal Reserve's anticipated interest rate cuts, which favor non-U.S. assets [8][9]. Investment Sentiment - Analysts suggest that the current market environment presents a favorable opportunity for Chinese assets, with the Nasdaq Golden Dragon China Index still having attractive valuation metrics compared to historical averages [13]. - The MSCI China forward P/E ratio is approximately 13 times, significantly lower than U.S. stocks, indicating potential for upward valuation adjustments [13]. Future Opportunities - Key sectors expected to perform well include high free cash flow platform economies (e-commerce, advertising), AI applications, and smart electric vehicles, driven by strong fundamentals and governance improvements [17][18]. - The article emphasizes the potential for continued investment in Chinese assets as global investors increasingly recognize the value of these markets, particularly in light of the diminishing "American exceptionalism" narrative [16][18].

Core Viewpoint - The recent policy document from the State Council aims to unleash the potential of sports consumption and promote high-quality development in the sports industry, indicating a new growth cycle for the sector by 2030, with a target industry scale exceeding 7 trillion yuan [1][5]. Group 1: Policy and Industry Development - The document emphasizes the need to enhance both supply and demand in the sports industry, focusing on improving the quality and efficiency of sports events while promoting public participation in sports consumption [1][6]. - The sports service sector has seen significant growth, with its value-added share rising from 34.6% in 2012 to 72.7% in 2023, driven by increased consumer demand and the rise of service-oriented sports events [5][9]. Group 2: Economic Impact of Sports Events - The document highlights the importance of sports events in driving economic growth, with an example from Shandong province where 739 events generated direct economic benefits of 4.6 billion yuan and indirect benefits of 11.3 billion yuan in the first half of the year [5][6]. - The "Su Super" event has become a notable case of how sports events can stimulate urban consumption and enhance commercial value [5][6]. Group 3: Consumer Trends and Market Growth - Sports consumption in China is evolving from traditional goods to services, with a 22.2% year-on-year increase in sales of sports and entertainment products in the first half of the year [9][10]. - The overall sports consumption market is expected to exceed 2.8 trillion yuan by 2025, indicating substantial growth potential compared to North America and Europe [11]. Group 4: Infrastructure and Investment - The total area of sports facilities in China is 4.23 billion square meters, with 1,547 new sports parks established, highlighting the government's commitment to enhancing sports infrastructure [11]. - The government plans to balance "hard investment" in physical infrastructure with "soft construction" to improve community sports facilities, thereby supporting the growth of sports consumption [11].

Core Viewpoint - The article highlights the significant rise in gold prices, with spot gold surpassing $3,660 and COMEX gold breaking through $3,700, marking historical highs. The year-to-date increase in gold prices has reached 39%, making it one of the most profitable assets globally. [1][5][11] Group 1: Gold Price Performance - As of September 9, spot gold reached over $3,660, while COMEX gold hit $3,700, both setting new historical records [1] - Gold has seen a year-to-date increase of 39%, outperforming inflation-adjusted historical highs from January 1980 [5] - The average net asset value growth rate of 20 gold ETFs this year is approximately 46%, with some ETFs linked to gold stocks showing even higher growth rates [8][15] Group 2: Market Dynamics and Economic Indicators - Weakening U.S. economic data has been a catalyst for rising gold prices, with expectations of an interest rate cut by the Federal Reserve [10][11] - The U.S. labor statistics revealed a significant drop in non-farm employment, with the unemployment rate rising to 4.3%, further fueling market expectations for a rate cut [10] - The market consensus for a rate cut in September is nearly 100%, with a 92% probability of a 25 basis point cut [10][11] Group 3: Institutional Sentiment and Predictions - Goldman Sachs reports unprecedented bullish sentiment towards gold, with a ratio of 8:1 favoring bullish positions over bearish ones [12] - Predictions for gold prices include a baseline forecast of $4,000 per ounce by mid-2026, with potential scenarios reaching up to $5,000 per ounce [12][13] - UBS forecasts a 3% increase in global gold demand this year, reaching 4,760 tons, the highest level since 2011 [13] Group 4: Investment Trends and Fund Flows - The gold sector has attracted significant capital inflows, with a notable increase in the number of asset management products incorporating gold [16] - As of September 7, China's gold reserves increased to 7,402 million ounces, marking the tenth consecutive month of accumulation [16] - The second quarter of this year saw global gold demand reach 1,249 tons, a 3% year-on-year increase, driven largely by gold ETF investments [16][18]

9月9日，在AH股同步停牌6个交易日后，中芯国际（688981.SH）终于披露了发行股份方式收 购子公司中芯北方集成电路制造（北京）有限公司（以下简称"中芯北方"）49%少数股权的预 案。 根据预案，中芯国际拟向中芯北方少数股东以全部增发股票的方式，收购中芯北方49%股权。 交易完成后，中芯国际对中芯北方的持股比例将从51%升至100%，后者成为中芯国际全资子 公司。 "本次交易有利于进一步提高上市公司资产质量、增强业务协同性，促进长远发展。" 中芯国 际在公告中强调。 定价方面，中芯国际增发收购中芯北方的定增价格来到74.20元人民币/股，但因标的资产的审 计与评估工作尚未完成，最终整体交易定价待定。 值得注意的是，在消息披露后，中芯国际增发价格对公司AH股价上演"引力效应"，其中大幅 较H股溢价的中芯国际A股， 9月9日收盘大跌10.26%，创下年内最大单日跌幅，市值一日蒸 发了800亿元以上。 记者丨 赵云帆 编辑丨朱益民 中芯国际H股虽然最终窄幅收红，但早盘一度冲高约5%。 分析人士指出，中芯国际采取资产重组方式实现南北合并，中芯北方少数股东则通过获配中芯 国际A股，而非获得现金的方式退出， 体现了中 ...

记者丨刘雪莹 编辑丨曾静娇 据央视新闻报道，当地时间9日， 卡塔尔首都多哈北部的卡塔拉地区发生爆炸事件。 爆炸发生后，以色列国防军与以色列国家安全总局（辛贝 特）发表联合声明，证实其对哈马斯高级领导层实施了一次精确打击。 声明称，多年来，这些哈马斯领导人一直主导该组织的运作，直接对2023年10月7日针对以色列的袭击负责，并持续策划和指挥针对以色列的 作战。声明说，在袭击行动前，以军采取了多项措施以减少对平民的伤害，包括使用精确弹药和额外情报支持。 此外，总台记者获悉，消息人士称，以军袭击瞄准了哈马斯高级领导人哈利勒·哈亚在卡塔尔多哈的办公室。袭击发生时，哈马斯领导层正在举 行会议，讨论此前一天美国总统特朗普提出的所谓停火提案。袭击发生前，以色列已经向美国进行了通报。另据一位以色列高级官员告诉以色 列第12频道，美国总统特朗普"批准"了以色列在卡塔尔针对哈马斯领导层的袭击。 | NYMEX WTI原 | ICE布油 | ICE轻质低硫原 | | --- | --- | --- | | 63.29 | 67.08 | 62.61 | | +1.03 +1.65% +1.06 +1.61% +0.99 +1.61 ...