Core Viewpoint - China Southern Airlines (CSA) has officially broken the convention of "generally closing check-in 30-40 minutes in advance" by introducing the "One Minute Boarding" service, allowing passengers to board 15 minutes before flight departure, targeting high-end business travelers and enhancing competitiveness on the Beijing-Guangzhou route [1][6][10] Group 1: Service Details - The "One Minute Boarding" service eliminates the previous check-in cut-off time, allowing passengers to complete security checks and reach the boarding gate 15 minutes before departure [3][4] - This service is designed to provide convenience for business travelers who often face tight schedules due to last-minute meetings or trips, thus improving travel efficiency [3][6] - Passengers with checked luggage still need to complete check-in 30 minutes before departure, indicating limitations for certain travelers [5][10] Group 2: Market Strategy - CSA aims to capture the high-end business traveler market, particularly in the competitive Beijing-Guangzhou route, where it currently holds a lower market share compared to the Beijing-Shanghai route [6][7] - The introduction of this service is part of CSA's broader strategy to enhance its dual-hub layout in Guangzhou and Beijing Daxing, covering key economic regions [7][8] - The service is expected to improve CSA's appeal to business travelers, especially given the distance disadvantage of Beijing Daxing Airport compared to Beijing Capital Airport [7][10] Group 3: Implementation Challenges - The successful implementation of the "One Minute Boarding" service in other routes will depend on the airport's capacity and the collaboration between airlines and airports [10][11] - CSA has established efficient cooperation mechanisms with airports to ensure quick security checks and boarding processes, which are crucial for the service's success [10][11] - The service's applicability may vary based on specific flight conditions, such as the distance from security to the boarding gate and the need for checked luggage [10][11]

A股三大指数今日集体上涨，截至收盘，沪指涨0.48%，深成指涨0.47%，创业板指涨0.22%，北证50指数跌0.16%。全市场成交额 15150亿元，较上日缩量124亿元。全市场超2900只个股上涨。 NO.1 【西部大开发】 板块内10家涨停，3只连板股，最高连板数为4天4板，涨停股代表：四方新材、渝开发。 NO.2 【光伏概念】 板块内9家涨停，4只连板股，最高连板数为6天6板，涨停股代表：华光环能、拓日新能。 板块题材上，硅能源、房地产、稀土永磁、多元金融、减肥药概念股涨幅居前。PCB、游戏、军工装备、存储芯片、跨境支付板块跌 幅居前。 盘面上，房地产、房屋检测板块午后集体爆发，华夏幸福（600340）、光大嘉宝（600622）、广咨国际等多股涨停。硅能源板块维持 涨幅，京运通（601908）、晨光新材（605399）、华光环能（600475）封死涨停。银行板块延续涨势，工、农、中、建四大行盘中均 创历史新高。稀土永磁板块表现积极，北方稀土（600111）绩后涨停。多元金融板块维持强势，南华期货（603093）收获2连板。 PCB概念股多数调整，宏和科技（603256）尾盘跌停，中京电子（002579 ...

恒瑞医药 20250708 摘要 恒瑞医药通过多元化合作模式加速国际化，已进入 BD 兑现期，其创新 药对外授权收入显著增长，预计 2025 年将达到 31 亿人民币，为公司 整体营收和利润增长提供动力。 恒瑞医药在仿制药海外市场稳步拓展，2024 年海外收入达 7.2 亿人民 币，三款首仿药上市有望在 2025-2026 年贡献增长，但国内仿制药业 务预计维持在 120 亿人民币左右。 恒瑞医药自 2023 年起加强 BD 能力，对外授权发展迅速，与默沙东等 跨国药企达成 LPA 小分子对外授权协议，首付款接近 7 至 8 亿人民币， 里程碑金额接近 124 亿人民币。 恒瑞医药的小分子口服 GLP-1 产品在安全性方面表现优异，停药率远低 于竞争对手，双靶点注射剂在 26 周有效性数据上表现出色，有望成为 减重市场的重要参与者。 恒瑞医药在 ADC 领域积极开展 BD 活动，CMET ADC 和 nectin-4 ADC 展现出强大的 BD 潜力，尤其 nectin-4 ADC 针对耐药尿路上皮癌 显示出超过 55%的 ORR。 Q&A 恒瑞医药的国际化转型进展如何？其全球竞争力表现如何？ 恒瑞医药的国际 ...

美国商务部长卢特尼克：特朗普的办公桌上摆满了欧盟的提议，正在考虑如何应对。 ...

近年来，北京商务中心区管理委员会成立CBD招商服务中心，强化集成式创新改革，推进"一门一窗一 次"迭代升级，推动"一件事一次办"集成服务。今年5月，北京CBD外资综合服务站揭牌，进一步强化对 外资企业集成性、专业化服务，打造"外资企业进入中国的第一站"。 目前，北京CBD正着力打造千亿元级规模的国际级商圈，为国际友人、企业和市民营造友好型消费环 境。艺术活动、文化展览与美食聚集，也为人才提供了"朋友圈"和"生活圈"。 日前，2025北京CBD论坛年会在京开幕。本届论坛年会实现全面升级，50余场活动贯穿全年。 北京商务中心区（CBD）是全国排名第一、世界排名第七的商务中心区，国际元素集聚度高，汇聚了 北京市五成的跨国公司地区总部、七成的国际金融机构、八成的国际组织和商业协会、近100%的外国 使馆。目前，北京CBD区域内的外资机构数量近1.6万家，是全市外资企业和跨国公司地区总部最集中 的区域。 "北京CBD经济发展质效显著提升，现代服务业集聚度不断增强，正加快建设'国际一流营商环境典范 区'和'高能级全球商务区'。"北京商务中心区管理委员会副主任吴迪说，2024年，北京CBD功能区实现 税收1251.9亿元， ...

Core Viewpoint - The rise of domestic innovative drugs in China since 2025 is significantly driven by Business Development (BD) strategies, allowing companies to monetize their research through partnerships with multinational pharmaceutical firms [1][2]. Company Overview - A notable player in this space is Anmai Biotech, which is preparing for an IPO in Hong Kong and has gained attention for its BD transactions, accumulating over $2.1 billion in deal value since the end of 2023, ranking second globally in the TCE bispecific antibody sector [1][3]. - The founder, Wu Chenbing, previously served as the Chief Scientific Officer at 3SBio, indicating a strong lineage of expertise and a shift in Chinese biotech from "following" to "leading" in innovation [1][3]. Financial Performance - As of the end of 2024, Anmai Biotech's cash and equivalents are sufficient for only 12 months of operations, highlighting the importance of clinical progress and commercialization capabilities for its transition from a "transaction star" to a "profit benchmark" [2][8]. - The company reported a revenue of 459 million yuan in 2024, with a net profit of 47.7 million yuan, following a loss of 595 million yuan in 2023 primarily due to R&D expenses [7]. Product Pipeline - Anmai Biotech's lead product, EMB-01, is a bispecific antibody targeting EGFR/cMET, which is among the first to enter Phase II trials for colorectal cancer, with a market potential driven by the increasing incidence of the disease [6][7]. - The global bispecific antibody market is projected to grow from $13.4 billion in 2024 to over $220 billion by 2034, with a compound annual growth rate of 32.4% [6]. Strategic Partnerships - The company has engaged in multiple licensing agreements, including a significant deal with Vignette Bio valued at $635 million for EMB-06, and a recent global licensing agreement with Juri for KLK2/CD3 TCE with a potential value of $210 million [7]. Leadership and Expertise - The leadership team includes Dr. Zhu Yonghong, who brings extensive international clinical development experience, complementing Wu Chenbing's background in drug development [4]. - Anmai Biotech's FIT-Ig technology platform, patented in the U.S. in 2018, is a key competitive advantage, addressing stability issues in traditional bispecific antibodies [4][5].

阿里巴巴(09988.HK)：将使用债券所得款项用于一般企业用途，包括云基础设施投资和国际商务。 ...

穆罕默德、阿达姆表示，《电子商务协定》代表世贸组织规则与时俱进的重要方向，发展中成员应积极 推动其生效实施，赞赏中方始终建设性参与世贸组织电子商务谈判，并积极支持发展中成员加强能力建 设、弥合数字鸿沟，期待融入全球数字经济，实现互利共赢。 世贸组织电子商务谈判是全球数字贸易规则制定的重要场合，中美欧等全球主要经济体均参与谈判。 2024年12月，71个参加方确认结束谈判，达成《电子商务协定》。本次研讨班将走访北京、武汉、宜昌 等地，并围绕《电子商务协定》内容、开展数字贸易的有益经验等展开深入研讨。 鄢东表示，世贸组织《电子商务协定》为全球数字经济治理奠定基础性架构，为数字贸易发展创造稳 定、可预期的多边规则环境，希望更多世贸组织成员加入，共同推动《电子商务协定》尽快纳入世贸组 织法律框架。中方愿与成员共叙中国经验、共话发展合作、共享全球数字红利。 商务部副部长鄢东出席世贸组织电子商务规则高级研讨班开班式并致辞 智通财经7月2日电，据商务部官网，7月1日，世贸组织电子商务规则高级研讨班在北京正式开班，商务 部副部长鄢东出席开班式并致辞。巴基斯坦商务部执行总干事穆罕默德、尼日利亚驻世贸组织大使阿达 姆代表学员发言 ...

Given the challenges FedEx is facing, should you be worried about its dividend? FedEx (FDX 3.14%) is a logistics giant that's known all around the world. It's been a safe, blue chip stock to own over the years. Not only does it have strong financials and post consistent profits, but it also offers investors an attractive dividend, which currently yields 2.5% -- much higher than the S&P 500's 1.2% payout. There have, however, been concerns of late about its growth. Trade wars and tariffs are weighing on busi ...

Core Viewpoint - The article discusses the implementation of the Administrative Penalty Discretionary Standards by the Shanxi Provincial Department of Commerce, aimed at standardizing the exercise of administrative penalty discretion in the province [3]. Group 1: Administrative Penalty Discretionary Standards - The new standards are effective for five years starting from the date of issuance, replacing the trial version that was implemented on February 1, 2023 [3]. - The standards outline various illegal behaviors, the corresponding legal basis for penalties, discretionary circumstances, and factors influencing the penalties [4]. Group 2: Specific Violations and Penalties - For foreign investors or foreign-invested enterprises failing to report investment information as required, penalties range from CNY 100,000 to CNY 500,000 depending on the severity and whether the violation is repeated [4]. - Penalties for unauthorized recycling of scrapped vehicles include fines ranging from CNY 50,000 to CNY 100,000, with additional measures such as confiscation of illegally obtained scrapped vehicles [6]. - The standards also address violations related to auction activities, with penalties including fines from CNY 10,000 to CNY 30,000 for failing to comply with auction regulations [7].