央行天津市分行：天津医药、渤海化工及渤海银行预计发行科技创新债券规模55.5亿元 金十数据5月21日讯，中国人民银行天津市分行迅速行动，从项目摸排、宣传动员、政策争取上全方位 开展科技创新债券发行准备工作。近日，已推动天津医药、渤海化工及渤海银行公告发行，3家发行人 预计发行规模55.5亿元；天创投资、泰达科投2家股权投资机构已进入交易商协会注册通道。5家发行人 覆盖了金融机构、科技型企业、股权投资机构三类政策支持主体，科技创新债券在天津市加速落地。 ...

金融界5月21日消息，上证指数上涨0.21%，中证香港300本地股指数 (HK300本地，H11167)报1419.53 点。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当中证香港300指数调整样本 时，指数样本将进行调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等 情形的处理，参照计算与维护细则处理。 本文源自：金融界 作者：行情君 从指数持仓来看，中证香港300本地股指数十大权重分别为：友邦保险（28.45%）、香港交易所 （18.89%）、中银香港（5.56%）、中电控股（5.26%）、长和（4.8%）、新鸿基地产（4.67%）、领展 房产基金（4.14%）、恒生银行（3.24%）、香港中华煤气（3.09%）、电能实业（3.09%）。 从中证香港300本地股指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300本地股指数持仓样本的行业来看，金融占比56. ...

金十期货5月21日讯，伦敦金属交易所（LME）有色金属库存及变化如下： 1. 铜库存168825吨，减少1925吨。 2. 铝库存388900吨，减少2025吨。 3. 镍库存201786吨，减少312吨。 4. 锌库存157875吨，增加1150吨。 5. 铅库存282125吨，增加36375吨。 6. 锡库存2670吨，增加15吨。 LME有色金属库存日报 ...

Core Viewpoint - Shandong High-speed Group and Huawei have signed a strategic cooperation agreement to develop a "green computing power + clean energy" model, with Shandong High-speed's subsidiary, Shandong High-speed Holdings, as the main executor of this initiative [2][3]. Group 1: Strategic Cooperation - The cooperation will focus on two main industrial scenarios: "green computing power" and "clean energy" [2]. - Shandong High-speed Holdings will leverage its integrated computing power and energy infrastructure to support the development of "zero-carbon smart parks" and smart transportation solutions [2][3]. - The collaboration aims to contribute to the national "integrated computing power network" initiative [2]. Group 2: Industry Positioning - Shandong High-speed Holdings has completed a three-year investment layout in the "green electricity" and "computing power" sectors, positioning itself as a pioneer in integrated computing power in China [3]. - The company has invested in wind and solar energy through its stake in Shandong High-speed New Energy and has become the largest institutional shareholder of Century Internet, a well-known IDC listed company [3]. - The strategic partnership with Huawei is expected to enhance Shandong High-speed Holdings' leading position in the integrated computing power sector and contribute to global digital transformation [3].

5月21日，阿里大文娱集团召开焕新发布会，宣布更名为虎鲸文娱集团，旗下阿里影业集团发布公告宣 布拟更名为"大麦娱乐控股有限公司"。未来，大麦娱乐将以"创造高品质的现实娱乐体验，让每个人都 快乐"为使命，围绕"娱乐和AI"两大战略关键词，力求成为亚洲领先的具有科技基因的现实娱乐公司。 发布会现场，新大麦客户端正式亮相。新大麦将以最好的购票服务体验、最优质的内容搜索分发能力， 链接最大的现实娱乐消费群体，夯实"买票上大麦"的用户心智。 以多元增长引擎迈向"现实娱乐"世界 "我们致力于创造更无与伦比的现场体验、互动体验、沉浸体验，这将区别于数字化、碎片化、虚拟化 的数字娱乐方式，我们称之为'现实娱乐'。"大麦娱乐总裁李捷现场介绍。全新的大麦娱乐将持续投入 开发优质原创内容，力求成为亚洲领先的具有科技基因的现实娱乐公司。 发布会现场，李捷展示了一组数字：过去11年，阿里影业用300多部电影、240万场次的演出、400多个 小时的剧集，给数十亿人次带来了丰富的娱乐内容体验，这些数字背后，展现了阿里影业为好内容全力 以赴的投入和决心。 未来，全新升级的大麦娱乐将保持与头部内容创作者携手的初心，与行业合作伙伴共同探索更具原 ...

中国民航网讯：国泰航空今日宣布正式入驻上海机场苏州城市航站楼，并推出一站式"陆空联运"服务， 旨在通过优化空地衔接流程与提升服务质量，为旅客打造集高效、便捷、品质为一体的国际出行新体 验。 此次服务开通，也标志着国泰航空多式联运服务从粤港澳大湾区进一步拓展至长三角核心区域，是国泰 在内地多式联运布局的关键拓展。 作为多式联运服务的创新先行者，国泰航空近年来积极响应国家推动航空运输与其他交通方式融合发展 的相关战略部署。在粤港澳大湾区，国泰已成功探索包括"快船+客机""跨境车+客机""直升机+船+客 机"等多种创新模式，不断提升大湾区旅客国际出行的便利和效率。（国泰航空供稿）（编辑：王亚玲 校对：金杰妮 审核：韩磊） 国泰中国内地董事郑家驹表示："我们很高兴将国泰的多式联运服务进一步拓展至苏州及长三角地区。 苏州作为区域核心城市，拥有活跃的经贸生态与强劲的出行需求。此次合作是我们持续深耕内地市场， 积极拓展创新多式联运服务的又一成功实践，将有力的加强长三角与香港以及全球的互联互通，推动商 务及旅游等领域的协同发展。" 国泰航空正式入驻苏州城市航站楼（国泰航空供图） 为庆祝成功入驻苏州城市航站楼，助力旅客便捷出行 ...

Core Viewpoint - The recent outsourcing of Wahaha's purified water production to Jinmailang has sparked significant discussion in the beverage industry, particularly regarding the feasibility and implications of contract manufacturing in the drinking water sector [1][4]. Group 1: Outsourcing in the Beverage Industry - Contract manufacturing is common in the beverage industry, especially for purified water products, with companies like Jinmailang providing services to various brands due to their advanced equipment and production efficiency [6][7]. - Wahaha confirmed its outsourcing relationship with Jinmailang but has since terminated it after discovering quality control issues, indicating a shift back to self-production [7][8]. - In contrast, Nongfu Spring's chairman stated that all of their products cannot be outsourced due to the unique requirements of their production system and reliance on specific water sources [4][5]. Group 2: Differences in Water Production - The production processes for mineral water, purified water, and natural water differ significantly, with mineral water requiring complex certification and production near water sources, making outsourcing impractical [8]. - Purified water can be produced using municipal water sources, allowing for more flexibility in factory locations, which is why outsourcing is more prevalent in this category [8]. - Nongfu Spring's natural water production involves stringent standards and processes that complicate the possibility of outsourcing, as they emphasize direct sourcing and control over production [8].

Core Viewpoint - LABUBU, a character from the THE MONSTERS series by Pop Mart, has gained immense popularity, significantly contributing to the company's revenue growth and stock market performance [2][10][11]. Group 1: Revenue and Market Performance - In 2024, the revenue from the THE MONSTERS series, which includes LABUBU, is projected to reach 3.04 billion yuan, marking a year-on-year increase of 726.6% and accounting for 23.3% of Pop Mart's total revenue [2][10]. - On May 20, Pop Mart's stock price peaked at 212.2 HKD per share, briefly surpassing a market capitalization of 280 billion HKD [2][11]. - The demand for LABUBU, particularly in the U.S. market, is expected to drive new store openings and be a key growth factor for 2025-2026 [11]. Group 2: Brand and Market Strategy - Pop Mart has strategically opened stores in prime locations near luxury brands, enhancing visibility and foot traffic, which has turned these stores into social hotspots for tourists and locals [8]. - The recent global release of LABUBU's third-generation plush product saw long queues at U.S. stores, leading to Pop Mart's app topping the U.S. App Store shopping charts [8][10]. Group 3: Competitive Landscape and Challenges - The success of LABUBU is partly attributed to celebrity endorsements and market dynamics in Thailand, where it has become a cultural phenomenon [4][6]. - The toy industry is characterized by a cycle of trends, and while LABUBU is currently popular, there is a risk of market saturation and changing consumer preferences [12][14]. - Pop Mart's reliance on LABUBU raises concerns about the sustainability of its success, as past trends show that popular IPs can quickly lose relevance [12][14]. Group 4: Investment and Market Sentiment - The current price-to-earnings ratio of Pop Mart exceeds 80, indicating a potentially inflated stock price, with some investors beginning to exit [16]. - Recent capital withdrawals from major investors suggest a transition for Pop Mart towards a more mature phase in the collectible toy market, emphasizing the need for effective operational strategies [16].

Core Insights - The core message of the news is the celebration of the 30th anniversary of Zhou Hei Ya, highlighting its brand renewal strategy and commitment to quality as it aims to expand globally [1][8]. Group 1: Brand Development and Quality Control - Zhou Hei Ya has evolved from a street vendor to a national brand, emphasizing a vision of becoming "the creator of deliciousness for the world" while maintaining a quality-first approach [1]. - The company has implemented rigorous quality control measures, including advanced equipment to ensure a 99.9% impurity removal rate in its pepper sourcing, reflecting its commitment to high standards [2][3]. - Zhou Hei Ya's products have received multiple industry awards, including the iSEE Delicious Award, reinforcing its reputation for quality [4]. Group 2: Market Adaptation and Product Innovation - The company has adapted its store formats and product offerings to meet changing consumer preferences, including the introduction of new product lines such as spicy chicken and collaborations with other brands [5][6]. - Zhou Hei Ya has expanded its store count to over 3,000 across more than 300 cities in China, utilizing a dual model of direct sales and franchising to enhance market presence [5]. Group 3: Strategic Expansion and Globalization - Zhou Hei Ya is actively pursuing global market opportunities, starting with Southeast Asia, and aims to promote Chinese marinated food culture internationally [8]. - The company has diversified its distribution channels, including partnerships with major retailers and e-commerce platforms, resulting in a 75% increase in customer transactions [7]. - The introduction of new beverage products and collaborations in the seasoning sector indicates a strategic move towards creating new consumption scenarios [7].

Group 1 - The Hong Kong stock market's sportswear sector is experiencing a strong performance, with Anta Sports rising over 6%, and Bosideng International increasing by more than 4%, while Li Ning and Xtep International also saw gains [1] - The overall positive trend in the sportswear sector indicates growing investor confidence and potential for further growth in this industry [1] Group 2 - A-share accounts can now facilitate T+0 trading for Hong Kong stocks without the need for the Hong Kong Stock Connect, potentially increasing accessibility for investors [2] - This development may lead to increased trading volume and liquidity in the Hong Kong stock market, particularly for stocks in the sportswear sector [2]