Investment Rating - The report maintains a "Positive" rating for the real estate and property management sectors [5][6]. Core Insights - The real estate market is still in a destocking trend, with new housing market dynamics showing signs of stabilization. The report emphasizes the importance of maintaining stable housing prices for both the real estate sector and consumer confidence [5][6]. - The report highlights that the central government is expected to increase policy support for the real estate sector, including measures such as mortgage rate cuts and promoting the sale of quality housing [5][6]. Industry Data Summary New Housing Transactions - In the week of May 24-30, 2025, new housing transactions in 34 key cities totaled 2.76 million square meters, a decrease of 3% week-on-week. First and second-tier cities saw a 5% decline, while third and fourth-tier cities experienced a 34% increase [5][6]. - In May, the total transaction volume for new homes in 34 cities was 10.03 million square meters, a year-on-year decrease of 7%. First and second-tier cities saw a 9% decline, while third and fourth-tier cities recorded a 7% increase [9][10]. Second-Hand Housing Transactions - In the week of May 24-30, 2025, second-hand housing transactions in 13 key cities totaled 1.27 million square meters, a decrease of 1% week-on-week. Cumulatively, transactions in May were down 5% year-on-year [14][5]. Inventory and Supply - In the week of May 24-30, 2025, 15 key cities launched 1.07 million square meters of new housing, with a corresponding transaction volume of 1.15 million square meters, resulting in a transaction-to-launch ratio of 1.07. The available residential area in these cities was 89.27 million square meters, a slight decrease of 0.1% [23][5]. Policy and News Tracking - The People's Bank of China reported that as of the end of Q1 2025, the balance of real estate loans was 53.54 trillion yuan, a year-on-year increase of 0.04%. The report also outlines various local government initiatives aimed at stabilizing the housing market, including adjustments to housing loan policies and tax rates [33][34].

作为上海科创中心建设的核心承载区，张江科学城具有丰富的科创资源。根据官方数据，张江科学城集 聚了约50万从业人员，其中研究生以上学历8万人，青年人才占80%，创业类海外高层次人才占上海的 约50%。 从最近的一系列动作来看，陆家嘴集团不仅在做基础空间载体建设，也在利用张江科学城的科创资源和 产业体系，做产业生态构建。 "陆家嘴集团运营着500万平方米智慧空间资源，深度服务超1500家各领域B端客户，我们通过匹配丰富 场景，系统性地链接产业上下游资源，构建AI企业生态闭环，为客户降本增效、加速发展，这是'陆创 AI加速器'的核心价值。""陆创AI加速器"主理人沈文轩说。 记者获悉，"陆创AI加速器"预计在今年年底启动二期建设，目标是在未来5年内引进培育50多家AI应用 型企业，且与上百家创投及并购机构建立战略合作关系，对接20所以上高校及科研院所，推动科技成果 转化落地。 上海多个新兴商务区地标正在崛起，与此同时，新质生产力企业的增长性需求也正在改写上海商办市场 规则，过去的"地段驱动"已逐步转向"产业生态驱动"。 近日，由上海市浦东新区国资委100%持股的上海陆家嘴（集团）有限公司宣布，由该集团打造的"陆创 ...

Group 1: Marriott and Meituan Partnership - Marriott Bonvoy announced a partnership with Meituan to integrate resources in accommodation, dining, and local lifestyle, creating a comprehensive experience from hotel stays to local activities [1] - From now until May 27, 2026, Meituan and Dianping members can match their membership levels to corresponding Marriott Bonvoy levels and participate in membership challenges for exclusive benefits [1] - Members can also receive a hospitality voucher package worth up to 388 yuan, covering various experiences [1] Group 2: Domestic Flight Fuel Surcharge Adjustment - Starting June 5, 2025, domestic flight fuel surcharges will be adjusted, with routes of 800 kilometers or less exempt from fuel surcharges, while those over 800 kilometers will incur a fee of 10 yuan per passenger per segment [2] - This adjustment marks a decrease of 10 yuan compared to previous rates, reaching a near one-year low [2] Group 3: Shanghai Peace Hotel Renovation - The Shanghai Peace Hotel will be upgraded to a Raffles brand flagship hotel by 2027, in collaboration between Accor Group and Jin Jiang International [2] - Originally built in 1929, the hotel will continue operations during the renovation and will join the global flagship hotels of Raffles in Singapore and London [2] Group 4: New World Hotel Profit Forecast - New World Hotels announced an expected after-tax profit of no less than 7 million HKD for the fiscal year ending March 31, 2025, reversing a loss of approximately 20.5 million HKD for the previous year [3] - The profit increase is attributed to the sale of several loss-making subsidiaries and a memorandum of waiver with noteholders, relieving the company of certain liabilities [3] Group 5: Opening of Jiaxing Hilton Hotel - Jiaxing Hilton Hotel officially opened on May 29, featuring 340 rooms and suites, located in the core area of Jiaxing County's high-speed rail new city [4] - The hotel is strategically positioned near Xitang and is approximately 3.5 kilometers from Jiaxing South Station, providing quick access to major cities and airports in the Yangtze River Delta [4] Group 6: Departure of Director at Lujiazui - Lujiazui announced the retirement of director Li Zuoqiang, who will no longer serve on the board or any other position within the company [5]

| 股票代码：A | 股：600663 | 股票简称：陆家嘴 | | | 编号：临 | 2025-022 | | --- | --- | --- | --- | --- | --- | --- | | B | 股：900932 | B | 陆家 | 股 | | | 上海陆家嘴金融贸易区开发股份有限公司 关于董事离任的公告 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。 一、董事离任情况 上海陆家嘴金融贸易区开发股份有限公司（以下简称"公司"）于近日收到 公司董事黎作强先生的离任说明。黎作强先生因退休原因不再担任公司董事及董 事会战略决策委员会委员职务。离任后，黎作强先生将不再担任公司任何职务。 | | | | | | | 是否继续 | 是否存 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 原定任期 | | 离任 | 在上市公 | 在未履 | | 姓名 | 离任职务 | 离任时间 | 到期日 | | 原因 | 司及其控 | 行完毕 | | | | | | ...

Group 1 - The "2025 Lujiazui Forum" will be held from June 18 to 19, 2025, focusing on "Financial Openness and Cooperation in Global Economic Changes and High-Quality Development" [1] - Key speakers will include leaders from the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal Government [1] - Over 70 domestic and foreign guests from more than 10 countries and regions will participate, including officials from financial regulatory bodies and major financial institutions [1] Group 2 - The forum will feature eight plenary sessions covering topics such as global economic changes, monetary policy coordination, capital market development, and green finance [2] - In addition to the plenary sessions, three specialized events will focus on reinsurance market development, financial law, and technology finance [2] - The People's Bank of China will host the "2025 China International Financial Exhibition" during the forum, showcasing achievements in financial reform and innovation [3] Group 3 - The People's Bank of China is accelerating policies to support the construction of Shanghai as an international financial center, with several initiatives already announced [3] - Recent policies include enhancing cross-border financial services and supporting the establishment of a "Technology Board" in Shanghai's bond market [3] - Nearly 300 domestic and foreign institutions will participate in the financial exhibition, marking the highest number of exhibitors in history [3]

Core Viewpoint - The 2025 Lujiazui Forum will be held in Shanghai on June 18-19, focusing on "Financial Opening Cooperation and High-Quality Development in the Context of Global Economic Changes" [1] Group 1: Forum Details - The forum is co-hosted by the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the Shanghai Municipal Government [1] - Over 70 domestic and foreign guests will attend and speak at the forum, including leaders from various financial regulatory bodies and institutions from more than 10 countries and regions [2] - The forum will feature eight plenary sessions covering topics such as global financial cooperation, capital market development, and green finance policy [2] Group 2: Financial Policies and Initiatives - The People's Bank of China will announce several major financial policies during the forum [2] - Shanghai has become a leading area for financial opening in China, with 1,782 licensed financial institutions, of which about one-third are foreign [3] - The city aims to expand high-level financial opening, focusing on institutional opening and establishing more financial trading mechanisms aligned with international rules [3][4] Group 3: Financial Center Development - Shanghai plans to enhance its international financial center capabilities by building a resilient financial market system, diverse financial products, competitive financial institutions, and advanced financial infrastructure [4] - The People's Bank of China is accelerating policy support for the construction of the Shanghai International Financial Center, with several policies in progress [5][6] Group 4: Recent Achievements and Future Plans - The Shanghai Financial Regulatory Bureau has been exploring institutional opening in the financial sector while promoting the development of foreign institutions [7] - The "Science and Technology Innovation Board" policies have shown positive effects, with new IPO applications and increased market activity [8][9] - The China Securities Regulatory Commission plans to implement measures to enhance the competitiveness and influence of Shanghai as an international financial center [10]

上海市委金融办常务副主任周小全在发布会上表示，2025陆家嘴论坛将于2025年6月18日至19日召开， 论坛主题为"全球经济变局中的金融开放合作与高质量发展"。本届论坛由中国人民银行、国家金融监督 管理总局、中国证监会和上海市人民政府共同主办，由中国人民银行行长与上海市人民政府市长共同担 任轮值主席。（上证报） ...

人民银行加快推进支持上海国际金融中心建设的相关政策储备 智通财经5月30日电，上海市政府5月30日举行新闻发布会，介绍2025陆家嘴论坛有关情况。中国人民银 行办公厅副主任李克歆在发布会上透露，人民银行加快推进支持上海国际金融中心建设的相关政策储 备。今年以来，人民银行与上海市政府研究出台了支持上海国际金融中心建设的一系列政策举措，近期 部分政策已经发布。比如，联合出台了《上海国际金融中心进一步提升跨境金融服务便利化行动方 案》，并举行了新闻发布会。支持上海落地债券市场"科技板"，在上海开展跨国公司跨境资金池业务试 点，支持上海出台《上海市浦东新区促进中国（上海）自由贸易试验区自由贸易账户业务发展若干规 定》等。"还有一些政策，我们正在紧锣密鼓加快推进。"李克歆说。李克歆同时透露，中国人民银行行 长潘功胜将出席论坛的开幕式，致开幕辞并作主题演讲。另外，中国人民银行副行长、国家外汇局局长 朱鹤新也将出席并作主题演讲。 ...

5月30日，上海市政府举行新闻发布会，介绍2025陆家嘴论坛有关情况。据介绍，中国人民银行潘功胜 行长将出席论坛的开幕式，致开幕辞并作主题演讲。另外，中国人民银行副行长、国家外汇局局长朱鹤 新也将出席并作主题演讲。(东方网) ...

一、事件：陆家嘴论坛 2025陆家嘴论坛将于6月18日至19日在上海举办。 论坛是由上海市人民政府和中国人民银行、国家金融监督管理总局、中国证监会共同主办的高层次经济金融论坛。 自2008年首届论坛起，陆家嘴论坛已经成为国家金融管理部门释放重要信号、对外发声的平台，多项重要高水平对外开放举措和政 策在论坛期间推出，成为金融市场以及资本市场的政策风向标。 2024年论坛期间，证监会推出了进一步深化科创板改革的"科创板八条"。2023年论坛则是发布了《上海国际再保险中心建设实施细 则》。 一般来说，大金融往往在论坛期受到关注。中信证券指出，从基本面来看，当前金融子行业呈现三个共性：一是，宏观与产业政策 为各行业创造了良好的发展环境；二是，低利率环境对行业影响犹在；三是，供给侧改革中一流金融机构的核心竞争力逐渐形成。 其中银行得益于宏观政策指向降行业系统性风险的方向，有助投资者对银行净资产的重新定价，预计这是2025 年行业估值上行的内 在动力。 证券方面，当前，证券行业估值已回调至合理位置，有望在基本面、政策面和流动性利好的支持以及行业并购重组题材的刺激下， 持续展现自身弹性。 保险方面，分红险转型是保险公司商业 ...