2024年1月，香港高等法院下达清盘命令，恒大的股票交易被停止。7月28日停止期限达到18个月，交易 所决定摘牌。在摘牌后，破产重组手续仍将继续，但事态复杂看不到尽头。 据担任清盘人的美国咨询公司Alvarez & Marsal介绍，恒大在280多个城市拥有超过1300个开发项目，债 权人的诉讼达数百起。与房地产管理公司恒大实业等目前仍在香港上市的两家子公司的重组也以失败告 终。清理资产并分配给债权人是一项"极其艰难且耗时的工作"。 | | 中国房地产企业持续处于困境 | | --- | --- | | 公司名 | 状况 | | 碧桂园 | 前行业最大企业。处于紧要关头, 不知能否避免破产重组? | | 万科企业 | 2024财年出现约500亿元的最终亏损。 作为母公司的地方政府旗下企业寻求 | | | 进行救助 | | 融创中国 | 从2020年业界第三名跌落。关于是否 启动破产重组,仍在审理中文网 | | 时代中国 | 由于资金周转困难,2022年停止偿还 | | | 外债。仍在进行债务重组 | | 华南城 | 香港高等法院8月裁决启动破产重组 | | | 程序 | | 天誉置业 | 结算公布延迟导致股票 ...

日经BP . 编者荐语： 作为2025年2月起迎来新成员的timelesz组合的老成员，佐藤胜利在忙于组合活动的同时，将于9月起主演舞台剧。 日经中文网"开设了"日经BP精选"栏目。日经BP是日本经济新闻社媒体集团的一员，成立于1969年。作为日本领 先的B2B媒体公司，聚焦经营管理、专业技术及生活时尚三大主要领域。敬请读者关注。 以下文章来源于日经BP ，作者日经BP 日经BP成立于1969年4月, 隶属于日本经济新闻社集团。作为日本领先的B2B媒体公司，我们聚焦"经营管理"、"专 业技术"及"生活时尚"三大主要领域，满足客户多元化的需求。 我们向他询问了关于这种觉醒与觉悟的心路历程。 在过去约四年间，演员佐藤胜利的活跃表现令人瞩目。 2021 年，他在舞台剧《布莱顿海滩回忆录（ Brighton Beach Memoirs ）》中首次挑战纯话剧表演。该作品是美国代表性剧作家尼尔 · 西蒙的 "B·B 三部曲 " 首作，带有 自传性质，以第二次世界大战为背景，描绘了主人公尤金的青春期。 阅读更多内容请点击下方"阅读原文" （本文由日经BP提供） 对他来说，舞台是过去几年里持续出演、并倾注特殊感情的领域。 之 ...

日本将收紧经营管理签条件，资金门槛提高至6倍 原创 阅读全文 日经GO ...

洪灏 莲华资产管理公司管理合伙人 洪灏：中国经济基本面的弱化，（在推高政策预期方面） 并不一定对股市不利。虽然经济指标不尽如人意，但最近股市表现良好，这就是证明。不过，对 于中国股市是否已进入大牛市，仍有讨论的余地…… 中国A股正持续上涨。上证综合指数创出10年来的新高。10年前，在1年半的时间里指数涨至2.6倍之后 出现暴跌，这次是否也会走向这种泡沫破灭的道路？还是说行情的基础比以前更强？就今后的前景，采 访了市场相关人士。（编者注：本文由日语原稿翻译而来） 洪灏： 经济弱不一定对股市不利，但有其他负担 莲华资产管理公司管理合伙人 洪灏：中国政府维持股价上涨趋势的意图非常明显。鉴于房地产市场看 不到复苏迹象，股市上涨有助于缓解房地产价格下跌带来的冲击。中国经济基本面的弱化，（在推高政 策预期方面）并不一定对股市不利。虽然经济指标不尽如人意，但最近股市表现良好，这就是证明。 不过，对于中国股市是否已进入大牛市，仍有讨论的余地。主要指数仍然停留在2024年10月的盘中高点 附近。当时高价买入的许多个人投资者对于在等待11个月后终于达到盈亏平衡点感到满意。与买入相 比，获利抛售有可能更容易出现。 我也在关注到中国 ...

Group 1 - The U.S. President Trump mentioned that if China stops exporting rare earth magnets again, the U.S. will impose a 200% tariff as a countermeasure [2] - U.S.-China relations are reportedly improving, with a recent agreement reached in late July regarding the resumption of rare earth magnet exports from China [4] - In July, China's exports of rare earth magnets to the U.S. increased by 5% year-on-year, reaching 619 tons, marking a 70% month-on-month increase and the highest level in six months [4] Group 2 - The U.S. Department of Defense announced a $150 million investment in MP Materials, aiming to enhance domestic production capabilities for rare earth magnets [5] - The new production facility by MP Materials is expected to begin operations in 2028, with the magnets produced being used for both defense and commercial purposes [5]

Group 1 - The GDP deflator in China decreased by 1.3% from April to June compared to the same period last year, marking the longest decline in history for nine consecutive quarters, indicating significant deflationary pressure [2][5][7] - The phenomenon of excessive price reductions is becoming increasingly evident, with free products being offered on food delivery apps and luxury goods experiencing price drops [2][4] - The competitive landscape in the food delivery industry is intensifying, with major players like Meituan and Alibaba's Ele.me engaged in aggressive price wars, leading to substantial investments in discounting strategies [4][5] Group 2 - The Chinese government is responding to the crisis by addressing the issue of excessive price competition, with the State Administration for Market Regulation holding discussions with major companies to correct their pricing strategies [4][5] - The overall revenue growth in the restaurant industry was only 1.1% year-on-year in July, reflecting a broader trend of consumer frugality impacting various sectors [5][6] - The decline in demand is also affecting luxury goods, with high-end products being sold at significant discounts, as the government has implemented regulations to promote frugality among officials [5][6]

Core Viewpoint - Canon aims to achieve over 10% year-on-year growth in digital camera sales in China by 2025, targeting a return to the high growth era of the late 2000s to early 2010s, when annual growth rates exceeded 50% [2][4]. Group 1: Sales and Market Trends - In the first half of 2025, Canon's camera shipments in China increased by 16% year-on-year in terms of value, although this is a slowdown compared to the 28% growth rate in 2024 [4]. - The demand for cameras is recovering due to a surge in travel and the need for clear images and videos on social networks, with the camera market in China expected to exceed its 2019 size in 2024, reaching a historical high post-pandemic [4]. - The Z generation in China is shifting from smartphones to cameras for clearer photos and videos, prompting Canon to design models priced around 6,000 yuan that enhance video shooting convenience [4]. Group 2: Business Strategy - Canon plans to reverse the revenue decline in its enterprise business in 2024 and aims for overall revenue and profit growth in Canon China by 2025 [2][4]. - The company will leverage social networks, anime, and gaming to target student demographics in its marketing efforts [4].

Core Viewpoint - The company Ryohin Keikaku, which operates the MUJI brand, has lost a legal battle in China regarding the use of the "MUJI" trademark for certain products, specifically those classified under "Class 24" such as towels and bed covers [2][4]. Group 1 - The Chinese local enterprise registered the "MUJI" trademark first, leading to Ryohin Keikaku's unsuccessful attempt to invalidate this registration [2][4]. - The Supreme People's Court rejected Ryohin Keikaku's request for retrial in June, confirming the company's defeat in the trademark dispute [4]. - Ryohin Keikaku had filed for the invalidation of the trademark in 2019, but their claims were not recognized in subsequent legal proceedings, including a lawsuit initiated in 2020 [4]. Group 2 - Ryohin Keikaku can still use the "MUJI" trademark for products outside of Class 24, but for Class 24 products, they will continue to use the "MUJI" brand [4]. - The company stated that the impact on sales is minimal due to the continued use of the "MUJI" trademark for these products [4].

Core Viewpoint - Bandai has opened a plastic model museum in Shizuoka, showcasing its extensive collection and celebrating the culture of model building [2] Group 1 - The museum features a variety of plastic models, including popular franchises like Gundam, which is expected to attract both enthusiasts and tourists [2] - The initiative aims to enhance the brand's visibility and strengthen its connection with fans, potentially leading to increased sales in the model segment [2] - The museum is part of a broader strategy to promote Japanese pop culture and the hobby of model building on a global scale [2]

Core Viewpoint - The article highlights the unusual rise of Agricultural Bank of China to the top of the Shanghai Stock Exchange market capitalization rankings, reflecting changes in the Chinese economy and potential overheating in the stock market [2][4]. Group 1: Agricultural Bank of China - Agricultural Bank of China has seen a significant stock price increase of 32% from the beginning of the year to August 20, outperforming other major banks like Industrial and Commercial Bank of China (9%), China Construction Bank (4%), and Bank of China (2%) [6]. - The bank's revenue from rural areas accounts for nearly half of its total operating income for the fiscal year ending December 2024, benefiting from government policies aimed at food security and addressing rural poverty [6][7]. - Despite past concerns over high non-performing loans, which peaked at around 30%, Agricultural Bank of China has managed to grow its net interest income in the first half of the year, unlike its peers [6][7]. Group 2: Industrial Internet and Market Dynamics - Industrial Internet, a subsidiary of Foxconn Technology Group, has disrupted the dominance of state-owned enterprises in the market, with its stock price increasing 2.2 times since the beginning of the year [8]. - The company's net profit for the first half of 2025 is expected to grow nearly 40% year-on-year, driven by its AI-related data center server business [9]. - Industrial Internet's market capitalization has surpassed that of its parent company, Foxconn, by 40%, indicating strong investor interest despite its high valuation, with a price-to-earnings ratio of around 29 compared to its peers [9].