Core Insights - The Malaysian Deputy Prime Minister and Minister of Energy and Water Transformation, Fadillah, highlighted the successful outcomes of his visit to China, particularly in enhancing trade and cooperation between Malaysia and China through the China-ASEAN Expo [1][3]. Group 1: Trade and Economic Cooperation - The China-ASEAN Expo has evolved over two decades into a major platform for trade and regional cooperation, benefiting both ASEAN countries and the Chinese populace [3]. - Malaysia's participation in the Expo has led to increased demand for its products, especially in the beauty and food sectors, showcasing the opportunities for commercial exchange and trade development [3]. - The upcoming signing of the China-ASEAN Free Trade Area 3.0 upgrade protocol is anticipated by the end of this year, with Malaysia focusing on new areas of cooperation and looking forward to showcasing more results at next year's Expo [3][4]. Group 2: Cultural and Human Exchange - Fadillah emphasized the importance of viewing the Expo not just from the perspectives of industry, trade, and investment, but also recognizing its value in fostering cultural exchanges and understanding between nations [3]. Group 3: Renewable Energy Collaboration - Malaysia is interested in exploring cooperation with China in various clean energy sectors, including solar, hydropower, nuclear technology, battery storage, and pumped storage [4]. - The Deputy Prime Minister expressed interest in the water filtration system from Chongqing, seeing its potential application in Malaysia's water desalination projects [3][4].

Core Insights - The first Aggregated Intelligent Industry Development Conference (2025) was held in Wuhan, focusing on the theme of "Collaborative Integration of Innovation Chains and Industry Chains to Promote the Development of Aggregated Intelligent Industries" [1] - The conference highlighted the potential of smart vehicles, smart robots, and low-altitude flying vehicles as key components of the aggregated intelligent industry, with a projected global market size of nearly $240 billion by 2030, and China's market expected to exceed $120 billion [1] Group 1: Industry Development and Trends - Zhang Yongwei, Chairman of the Car Hundred Association, emphasized the interconnectedness of smart vehicles, robots, and low-altitude flying vehicles, suggesting they could become new engines for China's industrial exports [1] - The conference featured a forum on the aggregated intelligent industry chain, discussing the need for efficient collaboration and addressing technological bottlenecks in the development of smart robots, low-altitude flying vehicles, and smart vehicles [3] - The low-altitude economy is projected to reach a market size of trillions by 2030, with the need for widespread adoption of personal flying vehicles to achieve market breakthroughs [10] Group 2: Technological Innovations and Applications - Experts discussed the importance of integrating AI capabilities in smart vehicles and robots, highlighting the need for advancements in both physical and cognitive functionalities [5][11] - The development of low-altitude transportation is seen as a crucial solution to urban traffic challenges, with electric flying vehicles expected to significantly reduce manufacturing costs and improve efficiency [4] - The conference underscored the necessity of cross-disciplinary collaboration and the establishment of innovation platforms to drive the aggregated intelligent industry's growth [1][9] Group 3: Policy and Market Dynamics - The former deputy director of the National Postal Bureau proposed six directions for promoting the aggregated intelligent industry, including focusing on practical applications and overcoming key challenges such as cost and safety [10] - The integration of the automotive and aviation industries is expected to facilitate rapid cost reduction and efficiency improvements in low-altitude flying vehicles [11] - The conference also highlighted the importance of developing standards and regulations to keep pace with technological advancements in the aggregated intelligent sector [10][12]

Group 1 - The first Aggregated Intelligent Industry Development Conference was held in Wuhan, focusing on the theme of "Collaborative Integration of Innovation Chains and Industry Chains to Promote the Development of Aggregated Intelligent Industries" [1] - The three main components of aggregated intelligence are smart cars, smart robots, and low-altitude flying vehicles, which are expected to drive China's industrial exports, with a projected global market size of nearly $240 billion by 2030 and over $120 billion for China [1][2] - The conference emphasized the importance of building a collaborative innovation platform across various fields and disciplines to accelerate the development of the aggregated intelligent industry in Wuhan [1] Group 2 - The morning session of the conference included a forum focused on creating an efficient collaborative aggregated intelligent industry chain, discussing common electric and intelligent components for smart robots, low-altitude flying vehicles, and smart cars [2] - Zhang Yongwei, Chairman of the Car Hundred Association, proposed four recommendations to enhance the aggregated intelligent industry, including cost reduction in manufacturing, expanding into international markets, and improving the development mechanism [2] - The afternoon session addressed the application and industrialization of innovative technologies, highlighting the need for collaboration among government, industry, academia, and finance to overcome key challenges [6] Group 3 - Experts discussed the potential of low-altitude transportation as a solution to urban traffic issues, with electric flying cars expected to significantly reduce manufacturing costs and improve efficiency [3] - The integration of electric and intelligent technologies is driving the automotive industry towards low-altitude flying vehicles and humanoid robots, emphasizing the need for ecological reconstruction rather than simple technological overlap [7] - The market for intelligent robots is projected to grow rapidly, with a compound annual growth rate of 23% over the next four years, potentially reaching a market size of $100 billion by 2028 [9]

Group 1 - The 2025 "Global POD Ecosystem + Cross-Border E-commerce Trend Selection Conference" was held in Shenzhen from September 19, organized by Miduo Technology [1] - CEO of Miduo Technology, Deng Hai, emphasized that digitalization and new globalization driven by digital technology present significant opportunities [1] - Deng Hai outlined the evolution of China's cross-border e-commerce in three stages: the "Wild Era" focused on "selling out," the "Chaotic Era" with intensified competition, and the current "Awakening Era" aimed at "brand globalization" [1] Group 2 - According to data from the General Administration of Customs, China's cross-border e-commerce export value is projected to reach approximately 2.15 trillion yuan in 2024, representing a year-on-year growth of 16.9% and accounting for 8.5% of total goods trade exports [1] - Major export destinations include the United States, the United Kingdom, and Germany, with consumer goods dominating exports across categories such as apparel, digital products, and home appliances [1] - The report highlighted that the sources of goods remain concentrated in coastal provinces such as Guangdong, Zhejiang, and Fujian [1] Group 3 - The founder of Global Custom Network, Liu Hong, released the "2025 Global POD Customization Trends Report" during the conference [2] - POD (Print on Demand) is expanding its categories and application scenarios, extending from clothing and footwear to home goods, jewelry, pet supplies, and digital accessories [2] - The integration of POD into various channels such as TikTok Shop, Amazon, Temu, and independent sites has garnered significant attention during the conference [2]

Core Viewpoint - The Trump administration is pushing the concept of "moderate long-term interest rates" into the core of monetary policy, potentially disrupting decades of investment norms on Wall Street [1][2] Group 1: Policy Implications - The reference to "moderate long-term interest rates" by the Trump-nominated Federal Reserve nominee, Milan, has sparked significant discussion among bond traders, highlighting a previously overlooked "third mandate" of the Federal Reserve [1][2] - This shift indicates the Trump administration's willingness to leverage Federal Reserve regulations to justify intervention in the long-term bond market, which could undermine the Fed's long-standing independence [2][3] Group 2: Market Reactions - Analysts are exploring various potential methods the Trump administration and the Federal Reserve might employ to control long-term interest rates, prompting adjustments in investment strategies [3] - Possible policy options include the Treasury selling more short-term Treasury bills while repurchasing longer-term bonds, or more aggressive measures like quantitative easing (QE) to purchase bonds [3][4] Group 3: Historical Context and Risks - Historical precedents for Federal Reserve intervention in long-term rates include actions taken during World War II and the post-war period, as well as during the global financial crisis and the COVID-19 pandemic [5][6] - Concerns about inflation risks are prevalent, with warnings that attempts to suppress long-term rates could backfire if inflation remains above target levels [6][8] Group 4: Debt and Interest Rate Dynamics - The ambiguity surrounding the term "moderate long-term interest rates" allows for broad interpretations, which could justify various policy actions [7] - The current level of 10-year Treasury yields around 4% is significantly lower than the historical average of 5.8% since the early 1960s, suggesting that unconventional policies may not be necessary [7] - The U.S. national debt has reached $37.4 trillion, with expectations that lower interest rates will help reduce the cost of financing this substantial debt [7][8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 NEW FOCUS AUTO TECH HOLDINGS LIMITED 新焦點汽車技術控股有限公司* 天津中財商業保理有限公司保理合同之最新進展 本公告乃新焦點汽車技術控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本 集 團」）自 願 刊 登。茲 提 述 本 公 司 日 期 為 二 零 二 五 年 七 月 十 七 日 及 二 零 二 五 年 七 月二十三日的公告（「該等公告」），內 容 有 關 批 准 與 天 津 中 財 商 業 保 理 有 限 公 司 訂 立 保 理 合 同 事 項。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 匯 與 該 等 公 告 所 界 定 者 具 有 相 同 涵 義。 董 事 會 謹 此 宣 佈，截 至 二 零 二 五 年 九 月 十 六 日，紐 福 克 斯 光 電（上 海）已向天津 中 財 ...

Group 1 - Short-term futures traders engaged in profit-taking after recent gold price increases, leading to pressure on prices [1] - December gold futures rose by $17 to $3703.4 per ounce during trading [1] Group 2 - U.S. and Chinese trade officials held high-level talks in Madrid, focusing on trade issues and global economic conditions [3] - China announced an investigation into the U.S. semiconductor industry, citing NVIDIA for potential antitrust violations [3] - Fitch Ratings downgraded France's credit rating from AA- to A+ due to rising public debt and political instability [3] - Fitch warned that France's fiscal consolidation policy space will be constrained as the 2027 presidential election approaches, predicting a fiscal deficit above 5% of GDP from 2026 to 2027 [3] Group 3 - Global financial markets are focused on the upcoming FOMC meeting, with expectations of a 25 basis point rate cut [4] - This would mark the first easing of monetary policy since November 2024, in response to signs of economic weakness [4] - The latest economic outlook report is expected to show weakening growth momentum and rising unemployment [4] Group 4 - From a technical perspective, December gold futures bulls have a strong advantage, with the next target above $3750 per ounce [6] - The first resistance level is at $3700 per ounce, followed by a weekly contract high of $3715.2 per ounce [6] - The first support level is at the overnight low of $3662.8 per ounce, then $3650 per ounce [6]

Core Viewpoint - The company has confirmed that Tong Fei has completed the required training and is in full compliance with the training regulations as stated in the declaration [1] Group 1 - The company has submitted a written proof of full compliance to the Stock Exchange [1] - Tong Fei has completed the training as required [1] - The company confirms full adherence to the training regulations outlined in the declaration [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 會 就 因 本 公 告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何 責 任。 茲提述香港聯合交易所有限公司（「聯交所」）於二零二五年六月十七日刊發的 紀律行動聲明（「聲 明」），內 容 有 關（其 中 包 括）聯交所對新焦點汽車技術控股有 限公司（「本公司」）及本公司五名現任或前董事（「相關董事」）違反聯交所證券上 市規則（「上市規則」）而 採 取 的 紀 律 行 動。 NEW FOCUS AUTO TECH HOLDINGS LIMITED 新焦點汽車技術控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：360） 公 告 董事完成培訓 誠 如 聲 明 所 述，聯 交 所 已 指 示 佟 飛 先 生（本 公 司 現 任 執 行 董 事（「董 事」），為 相 關 董 事 之 一）於聲明刊發日期起計90日內進行有關監管及法律議題（包 括 上 市 規 則 合 規 事 宜）的26小時培 ...

Group 1 - The sixth China Private Entrepreneurs Conference was held in Shenzhen, attracting over 8,000 representatives to discuss development paths and opportunities for private enterprises in areas such as artificial intelligence, overseas expansion, manufacturing upgrades, and brand building [1] - The conference serves as an important platform for thought exchange among private enterprises, providing insights to help entrepreneurs navigate uncertainties and clarify their development direction [1] - Experts from various sectors shared insights on macro policy interpretation, cutting-edge technology trends, capital investment logic, and industrial upgrading paths, offering multi-dimensional industry perspectives to the attending entrepreneurs [1] Group 2 - A roundtable forum focused on "Globalization Practice: Brand Growth, Localization, and Long-term Survival" featured discussions on brand innovation strategies, cross-cultural operational adaptation, and capital empowerment in industry [2] - The conference showcased the application potential of the Boshan AI Intelligent Agent in strategic analysis, operational optimization, and sales management, indicating that innovative technologies like AI are gradually integrating into enterprise management practices [4] - Experts believe that private enterprises need to further combine technological capabilities with industry experience to explore suitable development paths in a constantly changing market [4]