股票代码：A 股：600663 股票简称：陆家嘴 编号：临 2025-026 B 股：900932 陆家 B 股 上海陆家嘴金融贸易区开发股份有限公司 ，实际发行金额为人民币 6 亿元，期限 2 年，每 张面值为人民币 100 元，发行票面利率为 1.79%。募集资金已于 2025 年 7 月 25 日全额到账。 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。 根据中国银行间市场交易商协会出具的《接受注册通知书》 （中市协注〔2024〕 MTN796 号），中国银行间市场交易商协会接受上海陆家嘴金融贸易区开发股份 有限公司（以下简称"公司"）中期票据注册，注册金额为人民币 50 亿元，注册 额度自上述通知书落款之日起 2 年内有效（详见临 2024-053 号公告）。 公司于 2025 年 7 月 24 日发行了 2025 年度第三期中期票据（简称：25 陆金 开 MTN003，代码：102583087） 关于 2025 年度第三期中期票据发行结果的公告 上海银行股份有限公司为本次中期票据发行的主承销商和簿记管理人，中国 民生 ...

Group 1 - The first Lujiazui Financial Services Forum and the opening ceremony of Century Financial Plaza L HUB were successfully held in Shanghai, where the "L FOR MORE" white paper was released [1] - Lujiazui Group is actively exploring its role as a city comprehensive operator to deeply participate in urban industrial upgrading and development [1] - The newly launched L HUB is a key implementation of this strategic transformation, effectively filling the gap for high-quality light business communication spaces in Lujiazui Financial City [1] Group 2 - The L HUB covers an area of over 3,600 square meters and integrates business office, green concepts, and humanistic spaces [2] - It features a conference room that can accommodate 200 people, along with spaces for roadshows, children's crafts, and more, catering to various needs such as coffee, reception, work, socializing, leisure, and parent-child interaction [2] - The L FOR MORE business ecosystem is built through four dimensions: products, spaces, supporting facilities, and services, promoting sustainable development in the commercial office market [1]

根据中国银行间市场交易商协会出具的《接受注册通知书》（中市协注〔2024〕 MTN796 号），中国银行间市场交易商协会接受上海陆家嘴金融贸易区开发股份 有限公司（以下简称"公司"）中期票据注册，注册金额为人民币 50 亿元，注册 额度自上述通知书落款之日起 2 年内有效（详见临 2024-053 号公告）。 公司于 2025 年 7 月 24 日发行了 2025 年度第三期中期票据（简称：25 陆金 开 MTN003，代码：102583087），实际发行金额为人民币 6 亿元，期限 2 年，每 张面值为人民币 100 元，发行票面利率为 1.79%。募集资金已于 2025 年 7 月 25 日全额到账。 上海银行股份有限公司为本次中期票据发行的主承销商和簿记管理人，中国 民生银行股份有限公司、交通银行股份有限公司、兴业银行股份有限公司、上海 浦东发展银行股份有限公司为本次中期票据发行的联席主承销商。本次中期票据 发行的有关文件详见中国货币网(www.chinamoney.com.cn)和上海清算所网站 （www.shclearing.com.cn）。 特此公告。 上海陆家嘴金融贸易区开发股份有限公司 二〇二 ...

入户玄关设大容量柜体区。约40余㎡的客餐厅一体化空间，尺度宽绰。中西双厨设计，岛台可切换为早餐区、轻办公区或亲子空间。厨房旁设有 储物间，有效缓解厨房与阳台储物压力。南向双卧设计，约30㎡套房主卧空间，配备五件套卫浴、步入式衣帽间及独立浴缸区。次卧预留X灵动 空间，既可以做一个储藏室、衣帽间，甚至是卫生间、办公学习区域。 约240㎡样板房，入户即与江天对望，约8.6米的大面宽横厅，将黄浦江 S 湾的蜿蜒曲线尽收眼底。玄关处采用隐形收纳系统，与墙体完美融合拓 展视觉通透感。约55㎡LDK一体化空间，采用创新洄游动线设计，餐厅、客厅与西厨岛台形成家庭互动空间，中西厨之间设置可移动隔断，在保 障烹饪私密性的同时，实现空间使用的弹性切换。 效果图 7月19日，陆家嘴滨江全新180-240㎡艺境样板房正式开放，以艺术化的空间设计重新诠释滨江品质生活。现场持续的热度印证了市场对优质滨江 资产的认可，活动当日高净值人群纷至沓来，对项目的户型格局、精装细节及后续推盘计划表现出浓厚兴趣。 除了地段上的不可替代、无法复制，陆家嘴太古源 源邸在审美和品位方面亦具有极高的造诣。此次以"流韵藏心"为主题的样板间开放活动，旨在 打造一个 ...

星展银行邓志坚：美股标普第二季预期盈利同比增长10%，低于一季度的平均13%。不过，增长预期最 多的依然是科技、通讯和医疗。但由于美国投资者过度押注特朗普会撤销部分关税，形成大量TACO交 易，市场博弈风险增加，随时有可能出现大量获利了结。所以市场对财报要求特别高，如果不是有明显 的长期增长预期，或者选择获利了结更为稳妥。 东北证券首席投资顾问郭峰：美股高估值阶段下，市场对盈利的要求更为严格；A股处于低估值区间， 对业绩的容忍度相对较高。 ① 美股财报季陷困局 业绩良好已不足以支撑股价 高估值成"紧箍咒" 美股财报季正如火如荼进行中，但市场走势显示，企业"表现良好"已不足以支撑股价。摩根大通和美国 银行等大型银行虽公布稳健业绩，但股价涨幅有限。奈飞虽营收和利润超预期并上调全年业绩指引，但 股价却下跌5%。分析师指出，当前市场估值高企，强劲业绩难以证明股价合理性。投资者对失误容忍 度极低，市场波动风险加剧。此外，特朗普关税政策的不确定性仍影响市场。尽管白宫曾软化立场，但 潜在风险未消。Siebert Financial首席投资官马克·马利克表示，关税敏感行业表现仍不确定，市场需警 惕未来风险。 ② 美国六大银行 ...

Core Insights - The "Lujiazui Swire Source" project is a significant part of the expansion and efficiency enhancement of Lujiazui Financial City and the "One River, One River" construction plan in Shanghai [1][2] - The project covers a total construction area of approximately 540,000 square meters and is designed to integrate waterfront luxury residences, international commercial spaces, and cultural activity areas [1] - The project aims to create a vibrant high-end lifestyle multi-format complex, differentiating its commercial positioning from existing Swire brands like "Taikoo Li" and "Taikoo Hui" [1] Project Overview - The project is located on a site that was previously the Minsheng Wharf, now being redeveloped by Lujiazui Group and Swire Properties [1] - It emphasizes the advantages of its riverside location and aims to respond to the Shanghai government’s planning direction for creating an "open, shared, multifunctional, and eco-friendly" waterfront space [1] Residential and Commercial Aspects - The residential portion of the project is expected to be delivered between 2026 and 2027, showcasing the results of urban renewal in Shanghai [2] - The commercial section will focus on high-end lifestyle brands, potentially introducing over 130 premium and selected lifestyle brand tenants, including supermarkets, diverse dining options, and both international and local fashion and home brands [1]

Core Insights - The current stage of the office market indicates that operational capability has become the core competitive advantage, necessitating a shift from mere space leasing to transforming office spaces into industrial ecosystem platforms [1][7] - As of January to May 2025, the total investment and sales in office buildings across the country were 141.2 billion and 103.3 billion respectively, showing year-on-year declines of 16.3% and 10.8% [2] - The new construction and completion areas for office buildings during the same period were 6.15 million square meters and 5.58 million square meters, reflecting year-on-year decreases of 24.1% and 6.7% [2] Market Conditions - The national office market is currently in a downturn, facing challenges in investment, sales, and construction, with a supply-demand imbalance and short-term demand unlikely to improve [2] - Recovery in the office market is expected to depend on improvements in the macroeconomic environment, enhanced corporate confidence, and the emergence of new office demands driven by industrial restructuring and upgrades [2] Notable Projects and Developments - Shanghai Zhonghai Center recorded a net absorption of 70,000 square meters in 2024, becoming the leading project in Shanghai's office market [3] - The project aims to create a legal service ecosystem by establishing a "Building Legal Service Center," attracting various legal institutions to form a comprehensive legal service platform [3] - Other notable projects include the Chengdu Zhonghai International Center, which has signed Takeda Pharmaceutical to establish an innovation center, and the relocation of Merck's China headquarters to the Xujiahui Center [4][7] Industry Trends - The demand for office spaces is concentrated in sectors such as finance, technology, pharmaceuticals, professional services, manufacturing, cross-border e-commerce, and consumer goods [4] - The Shanghai Science and Technology Innovation Building has seen significant occupancy, with a rental rate exceeding 75% for its first-class office projects, indicating strong demand in the tech sector [5] - The "Luchuang AI Accelerator" at the Science Gate West Tower has welcomed eight companies in cutting-edge fields, showcasing a diversified layout in AI and vertical industries [7] Rental Market Dynamics - The rental rates for the Xujiahui Center's A Tower range from 7 to 11 yuan per square meter per day, with Merck's estimated monthly rent between 4.83 million and 7.59 million yuan, reflecting an increase compared to their previous location [8] - The relocation of Merck's headquarters exemplifies the changing tenant behavior in Shanghai's office market, highlighting the need for landlords to adapt to evolving tenant demands through optimized rental strategies and enhanced building services [8][9]

Group 1: Geopolitical Developments - Trump announced a 100% tariff on Russia if the Ukraine conflict is not resolved within 50 days, which led to a significant drop in international oil prices [1] - The U.S. will provide advanced weaponry to NATO, with costs covered by NATO allies, and a new military aid package for Ukraine is expected [1][2] - Concerns about geopolitical tensions are likely to increase risk aversion in the market, although the impact on the dollar and U.S. bonds may be limited due to the shared financial burden among allies [2] Group 2: Market Reactions and Trends - International oil prices fell sharply, with Brent crude down 1.63% to $69.21 per barrel and WTI down 2.15% to $66.98 per barrel [1] - Hedge funds have been selling bank stocks while rapidly buying consumer staples, indicating a shift in investment strategy amid economic uncertainty [4] - The upcoming earnings season for U.S. stocks is expected to show the weakest growth in two years, with S&P 500 profits projected to rise only 2.5% year-over-year [5][6] Group 3: Company-Specific Insights - Tesla is set to hold a major demonstration event for its Optimus robot, which is anticipated to showcase significant advancements [7][8] - Amazon's Prime Day sales reached a record $24.1 billion over four days, reflecting a 30.3% year-over-year increase, driven by consumer demand and promotional strategies [10][11] - The focus on cash flow quality and corporate guidance adjustments will be crucial for assessing market trends in the second half of the year [6]

Group 1: Tariff Implications - Trump announced a 30% tariff on the EU and Mexico starting August 1, which may impact market sentiment and corporate profits, particularly for smaller companies [1][2] - The EU is preparing to respond with countermeasures if an agreement is not reached before the tariff implementation [1] - The upcoming CPI data is expected to show a rise in inflation, potentially affecting market expectations for interest rate cuts [1] Group 2: Microsoft and AI Market - Morgan Stanley's survey indicates strong demand for Microsoft's Azure and M365 Copilot, with 31% of CIOs planning to deploy M365 Copilot within the next 12 months, up from 17% [3][4] - Microsoft's stock has reached an all-time high, reflecting its solid position in the generative AI market and stable demand trends [4] - Analysts suggest that Microsoft's investment value may be underestimated, with potential for further growth [4] Group 3: AI Investment Trends - Goldman Sachs reports that AI investment is transitioning to a "harvest phase," with sustained growth expected over the next 2-3 years despite a slowdown in investment growth [5][6] - AI automation could save Fortune 500 companies approximately $935 billion by 2030, supporting current investment levels [5][6] - Companies like Nvidia and Broadcom are seen as undervalued, while AMD and others are rated neutrally due to their early-stage AI business [5][6] Group 4: Silver Market Dynamics - Silver prices have surged to their highest level since 2011, driven by supply constraints and strong inflows into silver ETFs [7][8] - The silver market has experienced a continuous five-year shortage, with prices up 32.9% year-to-date [7][8] - Analysts expect silver to maintain its strength in the short term due to tight supply and long-term industrial demand growth [8] Group 5: Copper Tariff Developments - Trump plans to impose a 50% tariff on copper imports, including semi-finished products, which could significantly impact industries reliant on copper [9][10] - Analysts predict a temporary spike in copper prices due to panic buying ahead of the tariff, but a potential price correction may follow once the tariff is implemented [9][10] - The long-term outlook suggests that domestic copper production in the U.S. may not meet demand, leading to increased costs for related industries [10]

Group 1: Copper Tariff Impact - The proposed 50% import tariff on copper by the Trump administration has led to a surge in COMEX copper prices, prompting Morgan Stanley to raise the target price for Freeport-McMoRan (FCX) from $42 to $56, citing operational excellence and low-cost advantages at the Grasberg mine [2] - A $0.1 increase in copper price per pound could result in an annual EBITDA and operating cash flow increase of $135 million for Freeport-McMoRan [2] - Concerns arise that the copper tariff will elevate U.S. copper prices, increasing costs in construction, automotive, and electronics sectors, with significant implications for the AI industry due to copper's critical role in data centers [2][3] Group 2: Spotify's Growth and AI Integration - Barclays has raised Spotify's target price from $650 to $800, with other institutions also increasing their target prices, reflecting the platform's benefits from changes in Apple's App Store rules and AI-driven personalization [4] - Spotify's stock has risen over 58% this year, driven by AI technologies that enhance user experience through features like AI Playlist and AI DJ, leading to strong user growth with 678 million monthly active users and 268 million paid subscribers [4][5] - The diversification of Spotify's content ecosystem, including music, podcasts, and audiobooks, has further propelled its rapid growth [5] Group 3: Grok 4 AI Model Launch - Elon Musk announced the launch of Grok 4, touted as the world's strongest AI model, which will be integrated into Tesla vehicles and is expected to enhance capabilities in logic reasoning and spatial simulation [6][7] - Grok 4 has shown superior performance in academic and application fields, achieving full marks in the AIME 25 and a 27% accuracy rate in the Humanity's Last Exam, outperforming competitors like OpenAI and Google [7] - The subscription fee for Grok 4 is set at $30 per month, with a more advanced version available for $300 per month, indicating a clear monetization strategy [7] Group 4: Meta's AI Talent Acquisition and Smart Glasses Investment - Meta has offered over $200 million in compensation to attract top AI talent, including former Apple AI team leader, indicating a competitive landscape for AI expertise [8][9] - Meta's $3.5 billion investment in EssilorLuxottica for a stake in smart glasses highlights its commitment to enhancing its presence in the smart eyewear market, which is projected to grow significantly [9] - The smart glasses market is expected to expand from $1.93 billion in 2024 to $8.26 billion by 2030, driven by innovations in AI and fashion [9] Group 5: MP Materials and U.S. Defense Investment - MP Materials has entered a partnership with the U.S. Department of Defense, receiving a $400 million investment to accelerate the establishment of a domestic rare earth magnet supply chain [10] - The company plans to build a second magnet manufacturing facility, expected to produce 10,000 tons annually by 2028, which is crucial for military applications [10] - The recent surge in MP Materials' stock price by 50.78% reflects market optimism regarding U.S. rare earth policies and supply chain security [10]