Group 1 - The core viewpoint of the article is that China Communications Construction Company (CCCC) is actively seizing market opportunities and accelerating business structure adjustments to achieve better shareholder returns [1] Group 2 - The company responded to investor inquiries on an interactive platform, indicating its commitment to enhancing shareholder value [1] - CCCC aims to adapt its business strategies in response to market dynamics [1] - The focus on business structure adjustment suggests a proactive approach to navigating industry challenges [1]

Core Insights - The Guanglian Expressway asset-backed securities project successfully issued 15 billion yuan, marking the largest single issuance and the first inter-institutional REITs approved by policy banks [1][2] - This project serves as a strategic initiative for China Communications Construction Group (CCCC) to enhance capital support for its 14th Five-Year Plan and promotes infrastructure investment [1][4] Group 1: Project Significance - The project revitalizes over 40 billion yuan of underlying assets, creating a complete cycle of investment, financing, construction, management, and exit, thus enhancing capital turnover efficiency and reinvestment capacity [1][3] - It establishes a dual-driven product strategy of public REITs and holding-type real estate ABS, enriching the inter-institutional REITs product offerings [2][3] Group 2: Market Impact - The successful issuance involved diverse core institutional investors, including insurance funds and asset management companies, reflecting strong market recognition of CCCC's brand value and asset quality [2][3] - The project introduces a performance assessment mechanism and liquidity support services, enhancing product liquidity and pricing efficiency in the secondary market [3][4] Group 3: Strategic Alignment - The Guanglian Expressway connects key areas in the Greater Bay Area, with the 15 billion yuan equity injection expected to optimize regional road network structure and stimulate economic integration [3][4] - The issuance exemplifies a collaborative effort to activate large-scale infrastructure assets and supports the national strategy of revitalizing existing assets and expanding effective investment [4]

Core Insights - The Guanglian Expressway asset-backed securities project successfully issued 15 billion yuan, marking the largest single issuance of inter-institutional REITs in China, with underlying asset valuations exceeding 40 billion yuan [1][2] Group 1: Project Significance - The project serves as a strategic initiative for China Communications Group to deepen the integration of industry and finance, providing solid equity capital support for the company's development during the 14th Five-Year Plan period [1] - It creates a closed-loop value management system for infrastructure assets, enhancing capital turnover efficiency and reinvestment capability by converting heavy assets into more liquid financial products [1] Group 2: Product Development - The successful issuance enriches the inter-institutional REITs product offerings, furthering China Communications Group's dual-driven product strategy of "public REITs + holding-type real estate ABS" [2] - The project has led to the issuance of one public REIT and five inter-institutional REITs, forming a multi-tiered product matrix that meets diverse investor needs [2] Group 3: Market Engagement - The project has established a collaborative ecosystem, attracting over 10 core institutional investors, including insurance funds and asset management companies, enhancing the activity and pricing efficiency of inter-institutional REITs [2] - Several investment institutions participated for the first time, indicating a growing interest in inter-institutional REITs products [2] Group 4: Innovation and Liquidity - The project introduces a market-making mechanism to enhance product liquidity, reducing pricing risks and improving secondary market activity [2] - A flexible fundraising mechanism is in place to continuously inject quality expressway projects into the asset listing platform [2] Group 5: Regional Impact - The Guanglian Expressway project connects key areas in the Greater Bay Area and is the largest single investment highway project by China Communications Construction Company [3] - The 15 billion yuan equity injection will optimize regional road network structures and inject new momentum into regional economic integration [3] - The project exemplifies innovative financing for infrastructure in the Greater Bay Area, demonstrating the capital market's role in supporting major regional strategies [3]

2025 年 12 月 5 日，公司以书面形式发出本次董事会会议通知。2025 年 12 月 8 日，本次董事会以通讯方式召开，7 名董事对所议事项进行了审议和表决。 会议召开程序及出席董事人数符合有关规定，表决结果合法有效。会议形成如 下决议： 一、审议通过《关于审议<全面落实"666"战略框架与"545"建设目标 暨全面加快高质量发展、建设世界一流企业的总体指导意见>的议案》 同意总体指导意见。 表决结果：同意【7】票，反对【0】票，弃权【0】票。 证券代码：601800 证券简称：中国交建 公告编号：临 2025-063 中国交通建设股份有限公司 第五届董事会第五十六次会议决议公告 中国交通建设股份有限公司（简称公司或本公司）董事会及全体董事保证 本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实性、准确性和完整性承担法律责任。 同意公司附属公司中交疏浚（集团）股份有限公司参股设立乌海湖流域水 务有限公司，认缴出资 2,450 万元，持股比例为 49%。 表决结果：同意【7】票，反对【0】票，弃权【0】票。 特此公告。 中国交通建设股份有限公司董事会 2025 年 12 月 9 日 ...

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。 中國交通建設股份有限公司 CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而發表。 以 下 為 中 國 交 通 建 設 股 份 有 限 公 司 於 上 海 證 券 交 易 所 網 站 刊 發 的《中 國 交 通 建 設 股 份 有 限 公 司 第 五 屆 董 事 會 第 五 十 六 次 會 議 決 議 公 告》。 承董事會命 （於中華人民共和國註冊成立的股份有限公司） 中國交通建設股份有限公司 （股份代號：1800） 海外監管公告 劉正昶 俞京京 中国交通建设股份有限公司 第五届董事会第五十六次会议决议公告 中国交通建设股份有限公司（简称公司或本公司）董事会及全体董事保证 本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真 实性、准确性和完整性承担法律责任。 2025 年 ...

每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 （记者 曾健辉） 每经AI快讯，中国交建（SH 601800，收盘价：8.52元）12月8日晚间发布公告称，公司第五届董事会第 五十六次会议于2025年12月8日以通讯方式召开。会议审议了《关于审议 <全面落实 战略框架与="战略 框架与" 建设目标暨全面加快高质量发展="建设目标暨全面加快高质量发展" 建设世界一流企业的总体 指导意见="建设世界一流企业的总体指导意见"> 的议案》等文件。 2025年1至6月份，中国交建的营业收入构成为：基建建设占比88.48%，疏浚业务占比6.92%，基建设计 占比4.08%，其他业务收入占比3.63%，其他业务占比0.67%。 截至发稿，中国交建市值为1387亿元。 ...

Core Viewpoint - The successful issuance of the Guanglian Expressway asset-backed securities (ABS) project, amounting to 15 billion yuan, represents a significant milestone in the development of institutional REITs in China, showcasing the ability of capital markets to support national strategic transformations and enhance effective investment [1][2][6]. Group 1: Project Overview - The Guanglian Expressway project has a total issuance scale of 150 billion yuan, with underlying asset valuations exceeding 400 billion yuan, marking it as the largest single issuance of institutional REITs approved by policy banks [1]. - The project is part of China Communications Construction Group's strategy to deepen the integration of industry and finance, providing robust equity capital support for its 14th Five-Year Plan [1][2]. Group 2: Economic Impact - The project creates a complete closed loop of "investment-financing-construction-management-exit," enhancing capital turnover efficiency and reinvestment capacity, thereby laying a solid foundation for expanding effective investment [2]. - It serves as a key example for the national strategy of "activating stock assets and expanding effective investment," demonstrating the strong functionality of capital markets in meeting the needs of the real economy [2]. Group 3: REITs Product Development - The successful issuance enriches the product offerings of institutional REITs, contributing to a multi-tiered REITs asset listing platform, and aligns with China Communications Construction Group's dual strategy of public REITs and holding-type real estate ABS [3]. - The group has issued one public REIT and five institutional REITs to date, creating a diverse product matrix that meets various investor demands [3]. Group 4: Market Mechanism and Investor Engagement - The project utilized a market-oriented issuance mechanism, attracting over ten core institutional investors, including insurance funds and asset management companies, which reflects strong recognition of the brand value and asset quality [4]. - The participation of diverse core institutional investors is expected to enhance the activity and pricing efficiency of institutional REITs, supporting the activation of financial services for major national strategies [4]. Group 5: Innovation and Liquidity - The project incorporates performance assessment mechanisms and incentives for operational management teams, ensuring a balance between professional operational capabilities and active management rights for investors [4][5]. - A market maker will be introduced to provide liquidity support services, reducing pricing risks and enhancing secondary market activity [5]. Group 6: Regional Development Support - The Guanglian Expressway connects key areas in the Greater Bay Area, reinforcing strategic connectivity and providing essential infrastructure support for regional development [6][7]. - The 15 billion yuan equity injection is expected to optimize the regional road network structure and inject new momentum into regional economic integration [7].

每日经济新闻联合环保领域知名NGO公众环境研究中心(IPE)，自2020年9月起，基于31个省份(自治 区、直辖市)、337个地级市政府发布的环境质量、环境排放和污染源监管记录等权威数据来源，每周收 集剖析中国数千家上市公司及其旗下数万家公司(包括分公司、参股公司和控股公司)的环境信息数据， 发布"A股绿色周报"，旨在借助环境数据库及专业解析、传播能力，让资本市场的上市公司经营活动中 的环境信息更加阳光透明。 根据12月第一周收集到的数据，《每日经济新闻》记者发现，共有9家上市公司在近期暴露了环境风 险。 一周绿鉴：未取得许可证擅自采矿 在企业管理能力、财务状况、行业竞争等因素之外，环境风险日渐成为上市公司重要的经营风险之一。 环境风险关乎企业发展，也关乎企业形象。 本期数据显示，生态环境领域违法违规等风险信息共关联到9家上市公司，其中2家属于国资控制的企 业。 擅自采矿且已对违法开采的矿产品进行利用，中国交建（601800）(SH601800，股价8.56元，市值 1393.00亿元)控股公司被罚138.4万元；超标排放污水，德福科技（301511）(SZ301511，股价32.71元， 市值206.18亿 ...

（编辑 姚尧） 证券日报网讯 12月4日，中国交建在互动平台回答投资者提问时表示，股价表现受宏观经济环境、行业 周期波动及公司经营情况等多重因素综合影响。在价值创造层面，公司积极把握市场机遇与挑战，截至 2024年，十四五期间公司归母净利润复合增长9.5%，为股东创造了稳健回报。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國交通建設股份有限公司 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01800 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,418,476,000 | RMB | | | 1 RMB | | 4,418,476,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 4,418,476,000 | RMB | | | 1 RMB | | 4,418,476,000 | | 2. 股份分 ...