各位投资人大家晚上好我是平安新消费的分析师王媛今天我们就国务院促销费的政策体育消费方面的相关的政策我们进行回顾和分析在本次促销费的意见当中在之前的电话会里面我们也有提到过就是说要将体育消费作为激发改善行消费活力的重点之一 那其中也特别指出激发体育消费就是盘活控制场地资源引导社会力量依法依规改造旧厂房仓库老旧商业设施增加体育消费的场所同时鼓励举办各类体育赛事以及激发冰雪运动推动冰雪运动的全国普及然后将体育消费这个进行 不断的进行试点工作培育一批国家体育产业和体育旅游发展的载体这是在本次促销费意见当中特意强调和指出了体育消费的作为改善性消费激发活力的重点之一而且也可见我们体育消费的重要性所以我们把2019年以来的重点的促进体育消费的政策都进行了梳理和回顾 那其中有四条我们觉得是比较重要的就单独拿出来和各位投资人进行分享那第一条就是在2019年8月的时候国务院办公厅有印发了体育强国建设纲要在这个纲要当中它的战略目标中明确指出到2035年全民健身更轻盈更便利更普及经常参加体育锻炼的人数比例达到45%以上 人均场地面积达到2.5平方米体育产业更大更活更优成为国民经济的支柱性产业根据国家经济发展整体状况并借鉴国外体育产业 ...

那么本次的我汇报的深度报告是我们的低空经济深度巡礼报告汇报的第三篇就是空管篇那么这篇报告是我们在6月份的时候发出来的 那么里边我们主要是对传统民航的空管系统以及低空相关的像里边的设备还有软件系统方面做了一个梳理然后以及相关的一些投资标的一些梳理那现在给大家汇报一下 那么首先我们看到就是传统的通航我们是认为说它的一个民航的航空运行需求以及国家的安全要求两者的共同驱动之下我们认为传统的民航空管系统它是属于一个增长稳健的市场那么从15年到23年我国民航的基建加基改市场是从769亿增长到124亿 然后呃富额增长率呢8点是在6%左右属于一个稳步增长的系统那么呃其中呢空管系统的投资额呢我们预计在2023年啊整体是投入了大概64.5亿元 然后第二块是关于低空经济的市场那么整体来看这块市场就是它的整体增速等等都会比传统的空管会更快一些那么我们认为整个低空的空管市场目前来看也是前景广阔那么我们也是通过的一个测算下来预计今年2024年国内的低空空管市场大概就6.1亿元 到了2027年 也就是三年后 整个市场将增长到456亿元 那么三年的负荷增长率年均在320.4%那么进一步再往后看三年的话 也就是说2030年 那整个市场有望增长 ...

2024 年 8 月 5 日 星期一 总第 7222 期 分析专栏 从全球空间碎裂到 自治时代的降临 优选信息 "以旧换新 政策力度不及消费者预期 " 2 用工回暖助 7 月中国财新服务业 PMI 有所反弹 3 美国拟禁止自动驾驶汽车使用中国软件 3 多地投资开挖运河意图重塑区域经济格局 4 全球最大锂生产商寻求各国干预以降低中国依赖 5 中国禁令推动日本水产业采用 密接生产 模式 " " 5 最新数据显示香港 PMI 持续低于荣枯线 6 财政压力下碳排放双控制度推进缓慢6 应届毕业生身份可能延缓就业 7 新型城镇化战略对城轨运营提出更高要求 7 儿童智能手表功能过度开发引起家长焦虑 8 半导体出口激增推动中国短期成韩国最大出口国 8 雪佛兰决定搬迁其美国总部 9 多家央企领头组建创新联合体 9 英国 不满之夏 给新政府带来挑战 " " 10 业内人士对 青年养老院 长期发展信心不足 " " 10 网站 www.anbound.com.cn 邮箱 aic@anbound.com.cn 订购热线 010-56763000 010-56763018 010-56763028 服务热线 62488666 | 上 | ...

8.5会员晚报：日本通胀救经济的故事，说 K VIP会员 字数 528 阅读需 2分钟 见闻vip 08-05 16:48 le 或许，我们错怪A股了 海外市场上演黑色星期一，日本股市创纪录暴跌，日股跌12%，成为全球市场的爆风眼。 亚太市场台股跌超8%，韩国股指跌近9%。 今日的A股，虽然表现不佳，但显然是被海外拖累。两市下跌个股4750家，成交7939亿， 午后放量，一边是卖出盘增加，另一边是政策资金加码护盘力度。 日期：2024-08-05 187 经历最近几日的调整，日经225的年线收跌5.99%，而内盘的日经225ETF（513880），跌 幅在6.79%。 而今年以来，上证综指的跌幅在3.84%，沪深300的跌幅在2.56%，恒生指数的跌幅在 2.05%。 今年A股目前已经跑赢日经了，或许，我们错怪A股了。 其实从全球来看，甚至包括美国，制造业的指标均表现不佳。而制造业为主的国家的经济 数据，也都表现平淡。 核心的区别就在于汇率的影响。汇率贬值多的，资产价格就强。汇率坚挺得，资产价格就 gg.n 但是，汇率弱有效助推了本国通胀。所以出现了经济的"复苏幻觉"。特别是日本这类国 家，汇率贬值，但是贸易 ...

万亿规模，低空经济专题解读 摘要 深圳市在推动低空经济发展方面取得了显著进展，重点包括机制 创新、应用场景拓展以及相关法规制度体系的建立。该市尤其在 无人机领域的快速发展,通过优化建设起降平台和提升无人机载 人品质, 促进了社区配送和公共治理服务的广泛应用。与此同时， 中国多个城市也在积极推进低空飞行服务管控平台和数据中心建 设,旨在实现智慧城市建设。深圳市计划在机场周边建设低空经 济云总部基地,加大对公益性基础设施的投入,并通过财政补贴 等方式激励企业参与，推动产业升级和经济发展。此外，政府重 点发展五个领域，包括扩大物流覆盖、推动载人运输采用新型传 感器技术等，同时探讨了建设资金来源及运营成本。在低空管理 方面,强调了军地民三方协同管理模式的重要性,并指出了低空 经济发展中存在的盲目性和未来管理的潜在趋势。无人机运营证 审批周期约为八九个月至一年，一些单位已经在运营证审批方面 积累了成熟的经验。随着地方经济规划的发布，预计将迎来城市 级的低空飞行服务平台建设和工业级无人机巡检业务的大规模招 标。 问答 问：深圳市低空经济发展建设规划的主要看点有哪些? 答：深圳市低空经济发展建设规划主要关注三个方面：一是机 ...

Financial Data and Key Indicators Changes - The decision from the 20th Central Committee emphasizes the goal of promoting Chinese-style modernization, with a timeline set for preliminary establishment by 2029, covering various aspects including economy, politics, culture, society, ecological civilization, national security, and defense [3][4] - Significant progress in digital economy development over the past decade, driven by innovation and the intersection of global technological revolutions and industrial transformations [5][6] Business Line Data and Key Indicators Changes - The digital economy is highlighted as a crucial component of the modern industrial system, necessitating comprehensive institutional construction to promote deep integration with the real economy [4][5] - New business models and production methods have emerged, such as e-commerce platforms and industrial internet applications, showcasing the impact of new generation information technologies [5][6] Market Data and Key Indicators Changes - China has achieved remarkable success in the application layer and model innovation of the digital economy, leveraging its large market size and institutional advantages [7][8] - The active user base for platforms like TikTok and Pinduoduo demonstrates China's competitive position in the global digital economy [7] Company Strategy and Development Direction and Industry Competition - The strategy emphasizes the deep integration of the real economy and digital economy, addressing challenges such as technological bottlenecks, funding constraints, and high costs [11][12] - The government aims to support enterprises in utilizing digital technologies to upgrade traditional industries and reduce transformation barriers for SMEs [11][12] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the risks and challenges facing the digital economy, including platform economic health, foundational issues, and the societal impacts of artificial intelligence [9][10] - Measures have been proposed to enhance regulatory frameworks and promote healthy development within the digital economy [10][11] Other Important Information - The construction of a unified national market is crucial for the promotion of new digital economy models, providing necessary infrastructure support [16][27] - The relationship between data resources and digital technology is highlighted as a driving force for the development of new business models [24][25] Q&A Session Summary Question: What are the significant changes in China's digital economy over the past decade? - The transition to an innovation-driven development model began around 2012, coinciding with a global technological revolution that has led to new business models and production methods [5][6] Question: What are the main challenges in promoting the deep integration of the real economy and digital economy? - Challenges include technological bottlenecks, funding constraints, and high costs, with proposed solutions focusing on reducing costs and supporting digital transformation [11][12] Question: How does the government plan to address the risks associated with the digital economy? - The government has outlined measures to enhance regulatory frameworks, promote healthy development, and address foundational issues [9][10]

Summary of Key Points from the Conference Call Industry or Company Involved - The discussion primarily revolves around the **Hong Kong market**, **U.S. small-cap stocks**, and **Chinese economic cycles**. Core Insights and Arguments 1. **Market Sentiment and Price Trends**: The current market sentiment is reflected in price movements, which may not correlate with the underlying fundamentals. Price trends are more significant than daily fluctuations, indicating market expectations for the future [1][2]. 2. **Historical Market Movements**: Recent significant price movements in the Nasdaq tech sector and U.S. small-cap stocks are rare, occurring approximately once in 30-40 years, suggesting a unique market condition [2]. 3. **Export Demand and Shipping Prices**: Strong export data indicates robust overseas demand for Chinese goods, as evidenced by rising shipping prices. This reflects a shift in trade relationships, with Mexico and Canada surpassing China as the U.S.'s largest trading partners [3]. 4. **Macroeconomic Indicators**: U.S. inflation has dropped below 3%, and there are expectations for potential interest rate cuts by the Federal Reserve in September, which could further influence liquidity conditions [4]. 5. **Chinese Economic Cycles**: A quantitative model indicates that China's economic cycles typically last 3-4 years. The current economic indicators suggest that China is at a cyclical low, similar to the situation in March 2020 [5][6]. 6. **Real Estate Market Trends**: Recent data shows that China's real estate sales are slowly improving, particularly in first-tier cities, indicating a potential recovery from the cyclical low [6]. 7. **Growth and Inflation Dynamics**: Economic growth and inflation are critical for asset allocation decisions. High growth rates in China could lead to significant returns in the A-share market, while inflation impacts price volatility and investment risk [7][8]. 8. **Long-term Bond Yields**: The decline in China's PPI and the U.S. CPI suggests a leading relationship where Chinese inflation trends precede U.S. trends by about six months. This indicates a potential easing of inflationary pressures in the U.S. [8]. 9. **Capital Flows and Currency Pressure**: There has been a noticeable capital outflow from China, contributing to downward pressure on capital market prices and the renminbi exchange rate [9]. 10. **Profitability of Listed Companies**: Despite high profitability levels among listed companies, there is a disconnect as growth sectors are underperforming. This suggests a need for a catalyst to realign market expectations [10][11]. 11. **Market Opportunities**: The discussion highlights the cyclical nature of the market, with expectations for two significant trading waves each year. The recent surge in Hong Kong tech stocks exemplifies this cyclical behavior [12]. Other Important but Potentially Overlooked Content - The speaker emphasizes the importance of understanding the relationship between macroeconomic indicators and market performance, particularly in the context of changing interest rates and inflation expectations [4][8]. - The historical context of market movements and the rarity of current conditions may provide unique investment opportunities, but caution is advised due to the potential for volatility [2][11].

这也是社科大的应用经济学院的教授博士生导师国家级的高层次人才计划的入选者国家社科重大项目的首席专家以及国家自然重大课题的一些负责人像在多个国家级的课题以及顶级的一些期刊也是发表过相关的一些论文像蔡教授也是持续去深耕整个数字经济领域 我觉得相关的一些权威的一些会议的解读蔡教授还是有非常多的一些积累也能够从学术以及从政策的角度更好的去把握相关的一些发展的一些动态然后我这边就是先发言到更多的一些内容我们就是去交给蔡教授进行相关的一些解读我们有请蔡教授发言 好 那个谢谢何总 大家能听得见吗可以的 可以的 听得到 听得到行 那个因为我不太清楚你们这个系统的这个我本来是准备了一个PPT现在这个也没法跟大家这个用PP就是分享这个PPT我就简单那个谈谈因为这个解读谈不上好我就谈谈我自己的这个学习这个三中全会的一些体会吧 我想从三个方面来谈谈一个是就是说整体的这个决定这个学习的这个感受第二个就是说决定里面就是说数字经济相关部相关的这个内容它的这个整个这样一个布局第三呢我就想谈谈就是说结合它这个决定当中的跟数字经济相关的这个表述呢我来怎么去理解就是说未来的就是数字经济相关的这个制度建设那么呢是 从哪些方面做了一些布局?总体对于整 ...

一些推荐情况今天我们也可以看到整个市场上中国公车又是公布了新的一组的动车组的抓交的情况那包括一些高级修的项目整体来讲相比去年来讲是整个增速都是非常快的那在整个行业的景趣度包括都非常好的情况下今年上半年国企的投资已经到了3300亿同比去年的增速基本上都维持在10%这么一个水平就是说整个今年 我们国企的投资应该能够达到8400亿这么一个规模相比于去年的7700亿多了接近1000亿的这么一个水平那其实在整个设备更新管道的大环境下除了大家比较关心的这些业绩比较快的能够放出来的车端的像中国中车包括一些时间系统这些那其实做通信信号设备的相对来讲在周期比较靠后的这些标的像中国通号我们也是着重去推荐的 简单介绍一下公司的情况,公司它本身是做铁路的通信信号的指挥系统,相当于是战后的弱电系统,包括公司本身也会做一些系统工程项目的总包啊,系统啊,施工啊,安装啊这些也都会做,那在目前国内的 高铁领域的通信信号系统公司是占据了60%以上的份额基本上是处于一个国家队的状态包括在输海 包括在城轨这方面公司旗下的卡普斯科也是行业的龙头的地位所以相当于是在轨道交通的通信信号系统这方面公司是一个行业老大绝对龙头的地位那我们现在去推中国通话的话主 ...

Summary of Conference Call Company/Industry Involved - The conference call is related to the securities industry, specifically focusing on the insights provided by Zheshang Securities Research Institute [1] Core Points and Arguments - The call is exclusively for institutional investors and invited clients, indicating a targeted audience for specialized insights [1] - The opinions expressed by third-party guests are personal views and do not constitute specific investment advice regarding securities at particular price levels or market conditions [1] Other Important but Possibly Overlooked Content - The disclaimer emphasizes the importance of understanding that the information shared is not a definitive judgment on market performance, which is crucial for investors to consider [1]