Core Insights - Goldman Sachs projects that by the end of 2025, Chinese onshore and offshore listed companies will distribute a total of 3 trillion yuan in dividends, reaching a historic high, which is expected to attract more global investors and enhance the valuation of Chinese listed companies [1] - The record dividend scale serves as an important window to observe the deep transformation of China's capital market, particularly in a low-interest-rate environment where asset allocation is becoming increasingly challenging [1][2] - The introduction of the new "National Nine Articles" in 2024 is expected to push China's capital market into a "return-focused" new phase, establishing mechanisms linking dividends to share reductions and implementing warning systems for companies with low dividend payouts [1][2] Company and Industry Summary - Active dividend distribution by listed companies is creating predictable cash flow returns for investors, effectively reversing the imbalance in the A-share market that previously favored financing over returns [2] - The trend of generous dividends is attracting long-term capital into the market, leading to significant changes in market funding structure, with the scale of dividend index funds in 2024 more than doubling year-on-year [2] - Approximately 40% of investors prefer companies with stable and high dividend payouts, and over 80% of fund managers are increasingly focusing on dividend factors when selecting stocks [2] - The average dividend payout ratio for A-shares has risen to 37.78%, with 1,277 companies exceeding a 50% payout ratio, indicating a shift towards a more dividend-driven investment logic [1][2] - As of March 31, A-share listed companies have cash reserves exceeding 18 trillion yuan, providing a solid foundation for sustained dividend payments [3] - The market is witnessing a self-reinforcing cycle of "quality enterprises - stable dividends - valuation enhancement," with 33 companies distributing over 10 billion yuan in dividends [3] - The shift of dividends from an "optional" to a "mandatory" aspect reflects the acceleration of China's capital market towards a new stage of high-quality development [4]

Core Viewpoint - The global economic governance paradigm is undergoing profound evolution, characterized by the shift from a single power structure to a more collaborative and shared governance model, emphasizing multilateral participation and institutional restructuring [6][10]. Group 1: Global Economic Governance Changes - The current global economic governance is influenced by geopolitical conflicts, rising protectionism, and the acceleration of digital and green transformations, leading to a weakening of global growth momentum [6][12]. - The restructuring of financial order is a significant manifestation of adjustments in global governance, highlighting the need for a diversified sovereign currency coexistence and orderly competition [7][12]. - The role of the International Monetary Fund (IMF) and Special Drawing Rights (SDR) is evolving from crisis response to regular operation, enhancing their integration into trade, financing, and reserve systems [7][21]. Group 2: China's Role in Global Governance - China is transitioning from a rule-taker to a rule-maker in global economic governance, promoting high-level opening-up and aligning with international high-standard trade rules [8][12]. - The country is developing a comprehensive policy framework around digital payments, green finance, and data regulation, aiming to create replicable international governance solutions [8][12]. - China's commitment to multilateralism and shared development is evident in its efforts to enhance institutional compatibility and participation depth within the global governance system [7][8]. Group 3: Future Governance Paradigms - The future of global economic governance remains undefined, with key variables including the restructuring of multilateral mechanisms, the rule-based advancement of technological governance, and the diversification of the international monetary system [8][10]. - Balancing national sovereignty with global cooperation, efficiency with fairness, and risk prevention with innovation will be crucial for the effectiveness and sustainability of future governance frameworks [8][12].

Group 1 - Changsha Yizhong Dazeh Lake School will officially open in September 2023, providing a nine-year integrated education system in Wangcheng District [1][7] - The school is strategically located in the core area of Dazeh Lake Overseas Returnee Town, covering approximately 112 acres with a total construction area of about 45,000 square meters [3] - The school will accommodate 2,580 students across 54 classes, including 24 classes for elementary school and 30 classes for middle school [3] Group 2 - The management team consists of selected outstanding teachers from Changsha Yizhong and the Wangcheng District Education Bureau, ensuring high-quality leadership [3][4] - The principal, Wang Lin, has extensive experience in education and has received multiple awards for teaching excellence, contributing to the school's strong faculty [3][4] - The school aims to become a high-quality brand school with excellent teaching conditions, strong faculty, and a good social reputation, in collaboration with Changsha Yizhong [7]

新华社里约热内卢7月6日电 当地时间7月6日，国务院总理李强在里约热内卢出席金砖 国家领导人第十七次会晤第一阶段会议，就"和平与安全、全球治理改革"议题发表讲话。金 砖成员国领导人与会。巴西总统卢拉主持会议。 李强表示，当前，世界百年变局加速演进，国际规则和秩序遭受严重冲击，多边机制权 威和效能减弱。习近平主席提出的共商共建共享的全球治理观更加彰显出其时代价值和现实 意义。在激化加剧的矛盾分歧面前，我们需要以平等尊重的态度更好共商。在深度交融的共 同利益面前，我们需要以团结协作的行动更好共建。在合则互惠的发展机遇面前，我们需要 以相互成就的胸怀更好共享。 李强强调，金砖国家作为全球南方"第一方阵"，应当坚持独立自主，展现责任担当，在 凝聚共识、汇聚合力方面拿出更大作为，努力成为推动全球治理变革的先锋力量。要坚守道 义，维护世界和平安宁。推动以和平手段化解争端，根据事情本身的是非曲直探索治本之 策。要聚焦发展，壮大经济增长动能。积极引领发展合作，挖掘新兴领域增长潜力。今年中 方将建立中国－金砖国家新质生产力研究中心，还将设立金砖国家新工业"金鹭"卓越奖学 金，帮助金砖国家培养工业、通信等领域人才。要包容并蓄，促 ...

记者从深圳市生态环境局获悉，深圳、东莞、惠州三市生态环境部门于近日联合印发《深圳都市圈生态 环境保护规划（2025—2030年）》（以下简称《规划》），这是广东省首个都市圈生态环境保护专项规 划，也是深圳都市圈"1+N"规划政策体系中的首个专项规划，为深圳都市圈生态环境共保共治明确 了"路线图"。 《规划》提出打造珠江流域环境协同治理典范、美丽都市圈建设示范样板、全球城市群绿色发展标杆三 大战略定位，以绿色转型发展为抓手，以科技创新为引领，构建深圳都市圈生态环境共保共治体系，着 力解决都市圈跨区域、跨流域生态环境问题，全方位、全地域、全过程加强都市圈生态环境保护。 对标深圳都市圈生态环境保护战略目标，《规划》针对性部署了七大重要领域30项重点任务，配套提出 42个重点项目。一是紧扣高质量发展首要任务，开篇设置共推绿色低碳发展专章，把握"一主两副一极 四轴"的深圳都市圈总体发展布局，形成都市圈绿色发展新格局。二是强化共保共治体制机制创新，通 过设置共抓生态环境保护、共守环境健康安全、共建环境治理体系章节，协同打造珠三角大气污染防治 样板，系统提升东江流域水生态环境质量，深入实施"四湾一口"陆海统筹综合治理，合力 ...

（原标题：倾听尼山2025|英国学者夏添恩："和而不同"的外交智慧为全球治理提供新路径） 编者按： 2025 年 7 月 9 日至 10 日，第十一届尼山世界文明论坛将在山东曲阜举办。从 2010 年 9 月创立至今，尼山论 坛汇集全球专家学者，汇聚世界文明智慧，共同为解决人类社会普遍存在的问题、为人类文明的未来发 展贡献智慧，正日益成为世界了解中国的重要窗口、文明交流互鉴的重要平台、凝聚人类文明共识的重 要纽带。当下，全球政治冲突频发、各国之间经贸壁垒陡增，不同文明之间的对话显得尤为迫切。本届 尼山论坛的主题是 " 各美其美 · 美美与共 —— 文明间关系与全球现代化 " ，并设置了 " 文明的起源与未来发 展 "" 儒家文化的世界意义和时代价值 "" 齐鲁文化与世界文明 "" 在全球现代化进程中成人之美 "" 文明视 野下的家庭意义与社会发展 "" 人工智能发展与人类文明走向 " 等多项分议题。这个世界如何才能做到各 美其美、美美与共，不同的文明如何相处和互鉴，人类才能拥有更好的未来？结合本次论坛的主题和各 项分议题，经济观察报采访了来自不同国家和地区的学者与专家，以下是来自他（她）们的观察、思考 和期望 ...

Group 1 - The article emphasizes the importance of implementing high-quality development and efficient governance as outlined in the recent provincial meeting, with a clear task list, roadmap, and timeline [1] - The city of Puyang aims to enhance grassroots governance through a "1+2+4+N" target task system, focusing on party leadership and community collaboration to drive high-quality development [1] - The initiative includes strengthening village-level governance by cultivating a reserve of village party organization leaders and promoting advanced models of village leadership [1] Group 2 - The article discusses the integration of various data resources from public security, civil affairs, urban management, and market regulation to create an intelligent grassroots governance data platform [2] - It highlights the implementation of 16 targeted actions to address safety hazards at the grassroots level, aiming to preemptively resolve risks and ensure political and social stability [2]

Core Points - The second China-Central Asia Summit concluded successfully in Astana, Kazakhstan, with significant outcomes including the "Astana Declaration" and 55 cooperation documents, laying a solid foundation for future China-Central Asia cooperation [1][2] - China emphasizes equality and mutual respect in its relations with Central Asian countries, promoting a comprehensive strategic partnership and a shared destiny community [1][4] - The China-Central Asia cooperation mechanism has proven effective, with two summits held and 13 ministerial cooperation platforms established, enhancing dialogue and collaboration [2][3] Economic Cooperation - In 2024, trade between China and Central Asia reached $94.8 billion, a 35% increase year-on-year, highlighting the growing economic ties [3] - Key infrastructure projects such as the China-Kyrgyzstan-Uzbekistan railway and the third cross-border railway with Kazakhstan are progressing, enhancing connectivity in the region [3] - China plans to establish cooperation centers in poverty alleviation, educational exchange, and desertification prevention, providing 3,000 training opportunities for Central Asian countries over the next two years [3] Political and Security Cooperation - The summit reaffirmed mutual support for each other's core interests, emphasizing respect for sovereignty and territorial integrity [4] - China and Central Asian countries agreed to jointly combat terrorism, organized crime, and enhance security cooperation through various initiatives [5] - The collaboration aims to address both traditional and non-traditional security challenges, contributing to a peaceful and stable regional environment [5]

□ 沈正平 我国共有34个省级行政区域，存在若干个省际交界地区，亦称"省际毗邻地区"或"省际边缘地区""省际 接壤地区"。这些地区由于处在省级行政版图的"边缘末梢"，长期以来深受"行政经济区"的束缚，成为 各省（自治区、直辖市）的"凹陷之地"。在长三角一市三省中，以设区市为单元的省际交界地区陆域面 积约占长三角地区总面积1/2，但大多数市的人均GDP、居民人均可支配收入远低于所在省平均水平， 与长三角整体发展形成了巨大落差。随着长三角一体化的纵深推进，省际交界地区所蕴藏的特色优势日 益凸显，逐渐从相对封闭的"地理边缘"跃升为跨省协同的"前沿阵地"，成为一体化发展的战略潜力之 地。党的二十届三中全会通过的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》提 出"完善区域一体化发展机制，构建跨行政区合作发展新机制"，为协同推进省际交界地区高质量发展指 明了前进方向和行动指南，同时也提供了制度保障和政策支持。 长三角省际交界地区合作发展取得明显成效 自2019年长三角一体化国家战略实施以来，一市三省的交界地区在基础设施、产业经济、生态环境、公 共服务、文化旅游等合作发展方面取得了一系列亮眼成果，特别是长三角 ...

齐鲁晚报·齐鲁壹点记者 王皇 打造"科技园林"，更好满足园林服务提质的需求，在园林绿地建设智能感知与控制体系，探索打造智慧公园，提升游园互动感受，推动 服务效能提升。 6月17日，山东省住房和城乡建设厅举办新闻通气会，介绍山东推进城市更新有关情况。实施城市园林绿化提质赋能，是城市更新的重 要任务之一。记者从通气会了解到，全省将打造新时代山东"百姓园林"，着力建设群众身边"绿色""休闲""体育""文化""科技"等五类主 题园林。 王强说，山东聚力推动实现园林绿化在推进机制、功能设计、管理运营、人才技术上实现"四个突破"。从"小切口""微改造"着手，形成 一批百姓可感可及可享的工作成果。努力激发园林绿化行业新质生产力，汇聚行业发展新动能，逐步构建新时代城市园林绿化体系，持 续增强群众的获得感、幸福感。 山东省住房和城乡建设厅总工程师、城市管理局局长王强介绍，山东在实施城市园林绿化提质中，坚持"人民城市"理念，聚焦百姓美好 生活需求，为群众提供更多优质园林生态产品和服务；坚持"两山"理念，加强保护修复，科学增绿扩绿，构建完整连续稳定的城市绿化 体系；坚持"服务优先"理念，针对不同群体，立足不同区位，打造全龄友好、功 ...