本报讯（记者 陈佳琳 通讯员 姚佳 舒政）1月26日早晨7时04分，D914次列车抵达上海站。旅客陆续下 车后，列车长吴佳雯如往常一样巡视车厢。在6号车厢27号铺位下方，她发现一个被遗忘的黑色行李 箱。箱子异常沉重，她与乘务员合力才将其抬至餐车。 在上海铁路公安处乘警的全程录像见证下，行李箱被打开，里面竟整整齐齐码着十来包黄金饰品，每包 大约1000克，共计12公斤。 7时半左右，旅客回了电话，声音很着急。原来他们是珠宝公司的，带了7箱展品来上海参展，下车时新 员工不小心把最重要的一箱黄金落车上了。旅客说已经让同事赶回车站，希望能直接取回。吴佳雯理解 他们的急切，但也清楚地知道，这么贵重的东西不能随便交接。她建议按规定通知车站和公安，旅客却 更着急了："要是走公安流程，今天上午的布展就来不及了。" 听着旅客恳切的语气，吴佳雯立刻和上海铁路公安处乘警支队取得联系。接报后，乘警支队启动简易程 序，派员陪同车长现场进行发还。一小时后，旅客的同事赶到上海站，经仔细核对确认无误后。现场办 完交接手续，旅客的同事连声道谢："真的太感谢了，您这样既按规定办事，又帮我们节省了时间。" 铁路部门再次提醒广大旅客：乘车时请务必清 ...

航运界网消息，当地时间1月30日，巴拿马运河管理局（ACP）公布了新建码头和能源管道资格预审文件。 1月30日，巴拿马运河管理局邀请各方对开发两个新集装箱码头和76公里的能源管道进行资格预审。值得注意的是，这是紧随巴拿马最高法院裁定和记港 口巴拿马巴尔博亚和克里斯托瓦尔港口（PPC）特许权违宪之后发布的，可能会让潜在投资者感到不安。 具体而言，资格要求（RFQ）将审查申请人的运营和项目开发经验，以及其环境和社会管理经验和财务信息。对于管道项目，申请人需要提供过去15年内 可比项目的详细信息，而新建码头申请人需要列出过去一年中运营的至少6个码头，并且在过去10年中开发了一个至少为100万TEU的码头项目。 在提交RFQ之后，通过资格预审的各方将进入第二阶段，将收到一份征求建议书文件，以便在巴拿马运河管理局的非公开会议上进行讨论，监管机构还将 分享一份特许协议草案，并寻求对这两份文件的反馈。在招标的第三个也是最后一个阶段，计划将向通过资格预审的各方发出招标书，评估并选择中标 人。 对于这两个项目，资格预审将于2026年4月8日结束，第二阶段预计需要4到6个月的时间，然后是3到4个月投标，再过3到4个月评标，预计从 ...

Core Viewpoint - The Chinese government firmly supports the rights of Chinese enterprises, particularly in response to the Panama Supreme Court's ruling against Hong Kong's CK Hutchison Holdings regarding port operations at both ends of the Panama Canal [1] Group 1: Government Response - The Chinese Ministry of Foreign Affairs has reiterated its position on the Panama Supreme Court's ruling, emphasizing that the decision disregards facts and undermines the legitimate rights of Hong Kong enterprises [1] - The State Council's Hong Kong and Macao Affairs Office has issued a statement condemning the ruling as a betrayal and a serious infringement on the rights of Chinese companies [1] Group 2: Company Actions - CK Hutchison Holdings has expressed strong opposition to the Panama Supreme Court's ruling and announced plans to initiate international arbitration while reserving the right to pursue further legal actions [1]

Core Viewpoint - The sudden shutdown of the key canal ports has resulted in a loss of billions for the company, sparking a global outcry over the Panamanian government's decision [1] Group 1: Company Response - The company has strongly opposed the Panamanian ruling and announced plans to initiate domestic litigation and international arbitration, demonstrating a firm stance against the unexpected pressure [3] - The ports in question, Balboa and Cristobal, are crucial to the company's global operations, and the unexpected loss of operating rights has jeopardized future revenue projections, potentially amounting to hundreds of billions [5] - The company argues that the ruling contradicts both the contract and local laws, highlighting that previous audits confirmed compliance with contractual obligations [5] Group 2: Political and Geopolitical Context - The abrupt change in the Panamanian government's stance appears to be influenced by political factors, with U.S. officials linking port issues to national security, suggesting that the legal dispute may be a tool in geopolitical maneuvering [5] - The incident raises concerns about the sanctity of contracts in strategic locations, warning that if other Latin American countries follow suit, the global investment environment could be severely impacted [7] - The Chinese government has expressed its commitment to protecting the rights of its enterprises, indicating that the situation may escalate into a prolonged international arbitration battle [9]

Core Viewpoint - The Hong Kong-based company Cheung Kong (Holdings) Limited (CKH) is initiating arbitration against the Panamanian government following a ruling by the Panamanian Supreme Court that invalidated the port concession agreements held by its subsidiary, Panama Ports Company (PPC), citing "unconstitutionality" [1][3]. Group 1: Company Actions and Responses - PPC has formally initiated arbitration proceedings against the Republic of Panama through the International Chamber of Commerce (ICC) due to actions taken by the Panamanian government that are deemed inconsistent with the legal framework governing the concession agreements [3][4]. - The company has expressed strong opposition to the Panamanian Supreme Court's ruling and the subsequent actions taken by the government, which include aggressive measures to take over PPC's operations [3][4]. - PPC has reported that it has made extensive efforts to resolve the conflict through negotiation, but the Panamanian government has ignored its requests for dialogue [4]. Group 2: Legal and Economic Implications - The Panamanian Supreme Court's ruling has not yet been published or come into effect, but the government has already begun actions based on this unannounced ruling, including inspections and demands for access to PPC's assets and information [4]. - The ruling and the government's actions are seen as a violation of the concession agreements and relevant laws, prompting PPC to seek extensive compensation based on financial assessments [4][7]. - The situation is viewed as detrimental to Panama's international credibility and could have long-term negative impacts on its business environment and economic development [7]. Group 3: International Context and Reactions - Analysts suggest that the dispute over the Panama Canal port operations is not merely a commercial issue but is intertwined with geopolitical tensions, particularly between the U.S. and China [5]. - The U.S. has expressed support for the Panamanian Supreme Court's decision, viewing it as a victory in its efforts to diminish Chinese influence in Central America [5][6]. - The Chinese government has condemned the ruling, asserting that it undermines the rule of law and contract spirit, and has warned that Panama will face significant political and economic consequences if it continues down this path [1][6][7].

Core Viewpoint - The Chinese government firmly defends the rights of its enterprises following the ruling by the Panama Supreme Court regarding the operational rights of Hong Kong's CK Hutchison Holdings at both ends of the Panama Canal, which has drawn attention from U.S. officials [2][2]. Group 1: Government Response - The Chinese government has responded to the Panama Supreme Court's ruling, emphasizing the protection of legitimate rights and interests of Chinese enterprises [2][2]. - The Hong Kong Special Administrative Region government has also issued a statement regarding the court's decision [2][2]. Group 2: U.S. Reaction - U.S. Secretary of State Marco Rubio expressed satisfaction with the Panama Supreme Court's ruling, indicating a broader concern regarding Chinese influence in the Western Hemisphere [2][2]. - The Chairman of the U.S. House China Committee, Mike McCaul, stated that the Western Hemisphere does not welcome what he termed as "malicious influence" from China [2][2]. Group 3: Ideological Conflict - The Chinese spokesperson criticized the U.S. for exhibiting Cold War mentality and ideological bias, questioning who is truly seeking to dominate the canal [2][2]. - The spokesperson highlighted the contradiction of the U.S. claiming to uphold the rule of law while allegedly undermining international law [2][2].

Core Viewpoint - The company, CK Hutchison Holdings Limited, announced that its subsidiary, Panama Ports Company, has initiated arbitration against the Republic of Panama due to inconsistencies between the decisions of the Panamanian Supreme Court and the legal framework governing the concession agreement [1]. Group 1: Legal Actions - Panama Ports Company has commenced arbitration proceedings based on the relevant concession agreement and international arbitration rules [1]. - The board of CK Hutchison strongly opposes the ruling and actions taken by Panama and intends to consult legal advisors while reserving the right to pursue further legal actions [1]. Group 2: Background Information - The announcement references a statement from the Panamanian Ministry of Justice on January 29, indicating that the Supreme Court declared Law No. 5 of January 16, 1997, and its amendments unconstitutional [1]. - Law No. 5, enacted in 1997, is crucial as it approved the concession agreements under which Panama Ports Company has operated in two ports in Panama for nearly thirty years [1].

展望未来，施罗德投资预测，金矿股的ROIC将在未来继续增长，并有望轻松突破20%，远超标普500指 数的回报率。投资者对于金矿股的前景持乐观态度，并预期在2025年，该板块将继续吸引大量资金流 入。 施罗德投资将继续密切关注金矿股的表现，并建议投资者把握这个潜力巨大的市场机会。 然而，尽管经营利润率显著提升，金矿股相对黄金现货的估值仍较2020年时低。这一现象意味着，即便 金矿股的价格持续上涨，其相对于黄金现货的价格仍存在较大的潜力和吸引力。 从投资资本回报率(ROIC)角度来看，2025年金矿股的表现令人瞩目。过去12个月，金矿股的ROIC已成 功超越了标普500指数，显示出强劲的财务表现。值得注意的是，在2013至2015年的金矿股熊市期间， 该板块的ROIC甚至一度为负数。 施罗德投资公司资深投资组合经理、黄金与大宗商品专家James Luke近日表示，金矿股在2025年创下破 纪录的升势，这一现象虽显得极为特殊，但也充分反映出市场对金矿股前景的广泛关注和期望。尽管 2025年金矿股的创纪录表现令人鼓舞，市场对其能否进一步上涨仍持谨慎态度。James Luke认为，这种 疑虑是可以理解的，毕竟金矿股已在 ...

PPC从2月3日开始，已展开并将根据适用特许经营合约及国际商会的仲裁规则，积极果断对巴拿马共和 国进行仲裁。 公司董事会对巴拿马的裁定及相关行动表示强烈反对，会继续咨询其法律顾问，并保留包括就该事宜进 一步诉诸国内及国际法律程序在内的一切权利。 自1月29日裁定公布之后，长和股价连续2个交易日走低后，已经在2月3日开始有所反弹。至2月4日早间 开盘，长和股价回到65港元/股的价格。 (文/孙梅欣 编辑/张广凯） 针对当地时间今年1月29日巴拿马最高法院做出的巴拿马两个港口合同"违宪"的裁定，长和今日正式通 过公告"反击"。 长和2月4日盘前发布公告，知悉巴拿马于1月29日发布声明，对1997年1月16日经有关法律批准获准巴拿 马港口公司（公司简介持有90%权益的公司PPC），在巴拿马巴尔博亚港和克里斯托瓦尔港已经营接近 30年的特许经营合约违宪。巴拿马最高法院的裁定可能于2026年2月初生效。 PPC方面获得意见，指巴拿马最高法院的决定，以及巴拿马政府就PPC在该两个港口码头运营所采取的 相应行动，与相关法律框架，以及批准该特许经营合约的法律并不一致。 本文系观察者网独家稿件，未经授权，不得转载。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2月4日，长和在港交所发布公告称，其间接持有90%权益的附属公司巴拿马港口公司（PPC）已获得相 关法律意见，指出巴拿马最高法院近期作出的裁决，以及巴拿马政府就PPC运营当地两个港口所采取的 相应行动，均与当地相关法律框架及批准该特许经营合约的法律不符。 据悉，PPC运营的巴尔博亚港和克里斯托瓦尔港分别扼守巴拿马运河太平洋与大西洋入口，处理着运河 约40%的集装箱吞吐量，承载着全球2%的海上贸易量，自1997年长和拿下运营权后，已投入超18亿美 元进行升级改造，运营近30年且2021年续约至2047年。 公告明确，2026年2月3日，PPC已正式启动仲裁程序，并将依据适用的特许经营合约及国际商会的仲裁 规则，积极果断地对巴拿马共和国提起仲裁。长和董事会对巴拿马方面的裁定及相应行动表示强烈反 对，同时强调，集团正持续咨询法律顾问，将保留一切合法权利，包括就该事宜进一步诉诸国内及国际 法律程序的权利，以此维护自身正当权益。 另据香港特区政府新闻公报，针对巴拿马最高法院裁定巴拿马政府与和记港口巴拿马港口公司（即PPC 相关运营主体）续约经营上 ...