Core Viewpoint - The activation of the new flight procedures and the third runway at Shenzhen Airport marks a significant enhancement in operational efficiency and capacity for the airport, facilitating simultaneous operations of three runways [1][2][3] Group 1: Operational Enhancements - The new flight information and procedures became effective on November 27, 2025, allowing for the first aircraft to utilize the new departure procedures shortly after [1] - The number of departure and arrival procedures at Shenzhen Airport has been optimized from 107 to 36, resulting in a clearer and more efficient air traffic network [2] - The operational modes for runway usage have been refined into four strategies based on flight volume, leading to a total of eight operational modes for dual-direction runway use [2] Group 2: Infrastructure and Training - Over a period of three years and seven months, Shenzhen Air Traffic Control Station completed significant upgrades, including the installation of 13 sub-items across six major categories of air traffic control engineering [2] - Extensive training was conducted for air traffic controllers and pilots, totaling nearly 2000 hours, to ensure familiarity with the new runway designations and flight procedures [2] - Safety assessments and emergency drills were conducted multiple times to ensure a smooth transition to the new operational model [2] Group 3: Future Outlook - The introduction of the third runway is expected to create a coordinated operational framework at Shenzhen Airport, supporting the development of a world-class airport cluster in the Guangdong-Hong Kong-Macau Greater Bay Area [3]

（文章来源：新华社） 人民财讯11月28日电，11月27日，记者从深圳边检总站获悉，今年以来，深圳机场口岸出入境人员突破 600万人次，同比增长超23.4%，通关量稳居全国空港第四，这也是口岸近五年来首次达到并超过600万 人次大关，创历史同期新高。 ...

据黄聿中介绍，今年以来，深圳机场边检站查验的出入境外国人同比增长近44.1%。其中，免签入境外 国人占入境外国人总量近60%，同比增长超133.3%，来自马来西亚、韩国、新加坡的旅客数量位居前 列。 边检站民警正在监护入境货机。曾辉 摄 中新网深圳11月27日电 (索有为 曾辉)深圳边检总站27日发布的统计数据显示，截至11月25日23时许， 今年深圳机场口岸出入境人员突破600万人次，同比增长超23.4%，年通关量稳居全国空港第四，这也 是口岸近五年来首次达到并超过600万人次大关，创历史同期新高。 数据显示，今年以来经深圳机场口岸出境的内地居民同比增长超18.4%，其中五成以上是前往东南亚国 家。目前，深圳机场的航线网络已通达东南亚9国26个航点，每周东南亚出港航班超200班。单日国际客 运航班中，东南亚航班占比约60%，覆盖率居全国大型空港第一。 深圳机场边检站边防检查处副处长黄聿中说，"国庆中秋假期，往返悉尼、温哥华、罗马、洛杉矶等航 线进出港平均客座率均超过85%。" 据统计，今年以来深圳机场新开通的国际客运航线已超10条，下一步还将新开往返澳大利亚墨尔本、马 来西亚古晋等航线，国际及地区通航点将突 ...

Core Points - Shenzhen Airport officially entered the three-runway operation era on November 27, 2025, with the new flight procedures and runway numbers taking effect, allowing simultaneous operation of three runways [1][2] - The transition involved a significant upgrade of air traffic control systems and a reduction in the number of flight procedures from 107 to 36, enhancing operational efficiency [2] - Extensive training and safety assessments were conducted to ensure a smooth transition to the new runway operation mode, with a focus on safety and efficiency in air traffic management [3] Group 1: Operational Changes - The new flight procedures and runway numbers were implemented, marking the beginning of three-runway operations at Shenzhen Airport [1] - The air traffic control procedures were optimized, reducing the number of procedures from 107 to 36, which simplifies the airspace network and improves operational efficiency [2] Group 2: System Upgrades - A comprehensive upgrade of various air traffic control systems was completed, including automation systems and weather observation systems, to support the new runway operations [2] - The upgrade process took over three years and involved multiple phases, including equipment installation, testing, and acceptance [2] Group 3: Safety and Training - Shenzhen Air Traffic Control Station conducted 14 safety assessments and 9 emergency drills to ensure safe operations with the new runway system [3] - A total of nearly 2000 hours of training was completed for air traffic controllers, focusing on new flight procedures and safety measures [3] Group 4: Future Outlook - The three-runway operation is expected to enhance the overall efficiency of Shenzhen Airport and support the development of a world-class airport cluster in the Guangdong-Hong Kong-Macao Greater Bay Area [3]

Core Points - Shenzhen Airport has officially launched a direct international passenger route to Luang Prabang, Laos, marking over 10 new international routes opened this year [1][3] - The new route enhances connectivity between the Guangdong-Hong Kong-Macao Greater Bay Area and Luang Prabang, promoting cultural tourism and economic collaboration [1][3] - The route is operated by Hainan Airlines with one round trip per week, facilitating travel for residents seeking cross-border tourism in Southeast Asia [3] Industry Summary - Luang Prabang, a UNESCO World Heritage site, is the second-largest city in Laos and a significant cultural destination [3] - The new Shenzhen-Luang Prabang route adds to Shenzhen's existing direct flight to Vientiane, Laos, fostering closer ties and deeper cooperation in trade, culture, and talent development [3] - Southeast Asia remains a popular destination for outbound tourism from the Greater Bay Area, with Shenzhen Airport covering 9 countries and 26 destinations in the region, facilitating over 200 weekly flights [6] - From January to October, passenger traffic on Southeast Asia routes from Shenzhen Airport exceeded 2.6 million, accounting for over 50% of international and regional passenger traffic [6] - Future plans for Shenzhen Airport include new routes to Melbourne, Australia, and Kuching, Malaysia, aiming to expand international destinations to over 60 [6]

Core Insights - Shenzhen aims to establish itself as an international comprehensive transportation hub, focusing on enhancing logistics capabilities through infrastructure upgrades and policy optimization [3][6][7] Infrastructure Development - Shenzhen is enhancing its logistics hardware by upgrading key transportation nodes such as airports, seaports, and railways, which is crucial for strengthening supply chains [3][4] - The expansion of Shenzhen Airport has resulted in a total logistics facility area of 1.2 million square meters, with a significant increase in cargo handling efficiency [3] - Shenzhen Port has established 75 berths for vessels over 10,000 tons and 47 dedicated container berths, with a container throughput of 26.2 million TEUs in the first three quarters of 2025, marking a 5.4% year-on-year increase [4] Multi-Modal Transport Innovation - The city is innovating in multi-modal transport, with the establishment of a comprehensive rail-water intermodal system that has improved transport efficiency significantly [6][7] - The "Chongqing-Shenzhen" and "Liling-Yantian Port" routes have seen transport time reductions of 60% and 77% respectively, showcasing the effectiveness of the new logistics models [6] Smart Logistics and Policy Optimization - Shenzhen is implementing smart logistics solutions, such as the first "smart, remote" international cargo station, which has reduced the dwell time of import and export goods by 82% and 33% respectively [7] - The "Greater Bay Area Combined Port" reform has opened 49 new routes, achieving a 30.57% year-on-year increase in container throughput [7] Future Outlook - Shenzhen plans to continue enhancing its global logistics resource allocation capabilities, supporting the integration of the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative [7]

Core Viewpoint - The aviation and airport sector experienced a decline of 1.84% on November 25, with Huaxia Airlines leading the drop. In contrast, the Shanghai Composite Index rose by 0.87% and the Shenzhen Component Index increased by 1.53% [1]. Group 1: Market Performance - The aviation and airport sector saw a net inflow of 105 million yuan from institutional investors, while retail investors contributed a net inflow of 141 million yuan. However, speculative funds experienced a net outflow of 246 million yuan [2][3]. - Key stocks in the aviation sector showed varied performance, with Xiamen Airport rising by 3.26% to close at 16.17 yuan, while Huaxia Airlines fell by 3.93% to 10.50 yuan [1][2]. Group 2: Individual Stock Analysis - Major stocks such as China Eastern Airlines and China National Aviation Corporation saw declines of 3.89% and 3.01%, respectively, indicating a broader trend of negative performance within the sector [2][3]. - The trading volume for China Eastern Airlines reached 2.06 million shares, with a transaction value of 1.028 billion yuan, highlighting significant trading activity despite the stock's decline [2].

Core Viewpoint - Chinese airlines are set to reduce flights to Japan due to a decline in demand and ongoing geopolitical tensions, impacting the travel industry significantly [2]. Group 1: Industry Impact - The reduction in flights is expected to lead to a decrease in passenger traffic between China and Japan, which could affect the overall revenue of airlines operating in this route [2]. - The travel restrictions and changing consumer behavior are likely to result in a shift in market dynamics, with airlines needing to adapt their strategies to maintain profitability [2]. Group 2: Company Responses - Airlines are likely to reassess their capacity and route planning in response to the reduced demand for flights to Japan, potentially reallocating resources to more profitable routes [2]. - Companies may also explore partnerships or alternative markets to mitigate the impact of reduced flights to Japan [2].

Core Insights - The launch of the maritime route from Shenzhen Airport Terminal to Macau Outer Harbour Terminal marks a significant collaboration between Shenzhen Airport Group and Shun Tak Group, aimed at enhancing connectivity in the Guangdong-Hong Kong-Macau Greater Bay Area [1][3] Group 1: Route and Operations - The newly opened route is operated by Shun Tak's subsidiary, Shun Tak-China Travel Shipping Management, with a one-way travel time of approximately 70 minutes, increasing the daily ferry service to three trips [3] - Shenzhen Airport Terminal is a first-class passenger and cargo port located about 3 kilometers from Shenzhen Airport's T3 terminal, serving as the only direct transport node connecting Shenzhen to Hong Kong and Macau [3] Group 2: Strategic Importance - The partnership with Shun Tak, which has over 50 years of maritime experience and a modern fleet, is expected to enhance the hub status of Shenzhen Airport Terminal within the regional shipping network, supporting the development of "air-sea intermodal" advantages [3] - The collaboration will lead to upgrades in infrastructure such as waiting lounges and passenger berths, improving the public transport network and achieving seamless connections between sea, land, and air transport [3] Group 3: Passenger Trends - There is a growing trend of Hong Kong and Macau residents traveling through Shenzhen Airport, with 622,000 passengers recorded from January to October this year, reflecting an 11.1% year-on-year increase [5] - The airport's comprehensive domestic flight options, frequent schedules, and relatively low ticket prices are attracting more cross-border travelers, with the "seamless transfer" process allowing passengers to check in and handle luggage directly at the terminal [5] Group 4: Future Developments - Future plans include expanding the water cross-border route network from the airport terminal and enhancing service quality to facilitate efficient travel for mainland passengers to Hong Kong and Macau, as well as for residents traveling north for consumption [6]

Core Insights - The trade cooperation between China and Spain is deepening, with Shenzhen's import and export trade value reaching 24.91 billion yuan in the first ten months of the year, marking an 11.6% year-on-year increase [1] Trade Data Summary - In the first ten months, Shenzhen imported seafood worth 100 million yuan from Spain, reflecting a significant year-on-year growth of 47.3% [1] - The total import value from Spain reached 3.19 billion yuan, an increase of 12.7%, while the export value was 21.72 billion yuan, growing by 11.5% [1] Cold Chain and Logistics - A recent shipment of 1.3 tons of Spanish bluefin tuna showcased the efficiency of Shenzhen's cold chain logistics, with over 30% growth in cold chain business volume this year due to improved customs clearance and cold preservation technologies [1]