中国发展网讯 李少辉 记者罗勉报道 9月29日，由广东省人民政府、广东省政协主办，广东省委统战 部、广东省工商联（总商会）承办的2025世界粤商大会在广州开幕。大会深入贯彻习近平总书记在民营 企业座谈会上的重要讲话精神和对广东系列重要讲话、重要指示精神，认真学习贯彻《民营经济促进 法》，深入落实省委"1310"具体部署，以"粤联四海 商创未来"为主题，团结凝聚全球粤商力量，弘扬 传承企业家精神和粤商精神，搭建促进全球粤商协同发展的桥梁纽带，汇聚推动高质量发展的强大合 力，共同绘就大湾区繁荣发展新画卷。香港特别行政区行政长官李家超、澳门特别行政区行政长官岑浩 辉在会上发表视频致辞，广东省政协主席林克庆出席开幕式并致辞。 岑浩辉表示，当前大湾区建设风正帆悬，为粤澳合作共赢开辟了壮阔的新航程。澳门特区政府高度重视 并全力参与大湾区建设，积极推动基础设施"硬联通"、规则机制"软联通"、湾区居民"心联通"。在横琴 粤澳深度合作区，致力于构建与澳门一体化的高水平开放新体系，重点发展科技研发和高端制造、中医 药、文旅会展商贸及现代金融等产业。目前已有大量粤企在澳投资兴业，涵盖科技创新、金融服务、文 旅会展等领域，合作成果丰 ...

省委常委、统战部部长王曦主持开幕式。林克庆、王曦在开幕式前会见了前来参会的海内外知名粤商代 表。省领导谭玲、王胜、袁宝成，大会组委会副主任，省有关部门主要负责同志，各地级以上市主要负 责同志，海内外知名粤商及工商社团代表，世界500强企业、中国500强企业代表，有关央企、省属国企 代表，知名专家学者、金融机构及智库代表，外国驻穗领事官员约1000人参加开幕式。 李家超岑浩辉林克庆致辞 9月29日，由广东省人民政府、广东省政协主办，广东省委统战部、广东省工商联（总商会）承办的 2025世界粤商大会在广州开幕。大会深入贯彻习近平总书记在民营企业座谈会上的重要讲话精神和对广 东系列重要讲话、重要指示精神，认真学习贯彻《民营经济促进法》，深入落实省委"1310"具体部署， 以"粤联四海 商创未来"为主题，团结凝聚全球粤商力量，弘扬传承企业家精神和粤商精神，搭建促进 全球粤商协同发展的桥梁纽带，汇聚推动高质量发展的强大合力，共同绘就大湾区繁荣发展新画卷。香 港特别行政区行政长官李家超、澳门特别行政区行政长官岑浩辉在会上发表视频致辞，省政协主席林克 庆出席开幕式并致辞。 李家超表示，粤港澳大湾区作为国家高质量发展的重要引 ...

Core Points - The 2025 World Cantonese Business Conference was held in Guangzhou, aiming to unite global Cantonese business forces and promote high-quality development in the Greater Bay Area [8][10] - Three lists were released: "Top 100 Private Enterprises in Guangdong 2025," "Top 100 Private Manufacturing Enterprises in Guangdong 2025," and "Top 50 Private Service Enterprises in Guangdong 2025" [9] - The threshold for entering the "Top 100 Private Enterprises in Guangdong" list was set at 12.332 billion yuan, with 4 companies exceeding 400 billion yuan in revenue and 12 exceeding 100 billion yuan [9] Summary of Lists - The top companies in the "Top 100 Private Enterprises in Guangdong" include Huawei Investment Holding Co., Ltd. with revenue of 862.072 billion yuan, BYD Co., Ltd. with 777.102 billion yuan, and Tencent Holdings Ltd. with 660.257 billion yuan [7] - In the "Top 100 Private Manufacturing Enterprises," Huawei, BYD, and Midea Group Co., Ltd. lead the list, with revenues of 862.072 billion yuan, 777.102 billion yuan, and 409.084 billion yuan respectively [7] - The "Top 50 Private Service Enterprises" is led by Tencent Holdings Ltd. with 660.257 billion yuan, followed by SF Holding Co., Ltd. with 284.420 billion yuan [7] Investment and Economic Impact - The conference attracted nearly a thousand representatives from global Cantonese businesses, resulting in 24 signed projects worth 44.458 billion yuan, covering sectors like artificial intelligence and semiconductors [10] - The Guangdong Provincial Federation of Industry and Commerce initiated a survey to rank large-scale private enterprises based on their 2024 revenue [9] Global Cantonese Business Initiative - The "Global Cantonese Business Cooperation Initiative" was launched, calling for collaboration among global Cantonese businesses to enhance competitiveness and innovation [11][12][13] - The initiative emphasizes the importance of integrating into the Greater Bay Area's development and contributing to high-quality growth in Guangdong [14][15] Notable Statements - TCL's chairman highlighted the company's investment of 82.5 billion yuan in Guangdong over the past five years and its focus on global business expansion [16] - The chairman of the Hong Kong Chinese General Chamber of Commerce noted that the total import and export volume between Guangdong and Hong Kong reached 566.85 billion yuan, reflecting a 7.9% increase [18]

Core Points - The Hong Kong government is accelerating the development of the Northern Metropolis, establishing a dedicated committee led by Chief Executive John Lee to streamline administrative processes and enhance resource allocation [1][2] - The Northern Metropolis is expected to become a key area for urban construction and population growth over the next 20 years, with an estimated future population of around 2.5 million, accounting for one-third of Hong Kong's total population [2][5] - The region will enhance collaboration with the Greater Bay Area, particularly with Shenzhen and Guangzhou, improving technological and industrial integration [2][3] Group 1: Development Plans - The Northern Metropolis will be managed by a committee with three working groups focusing on development models, university city planning, and comprehensive planning and execution [1] - The area covers approximately one-third of Hong Kong's total land area, including developed towns and new development zones [1] Group 2: Economic Impact - The Northern Metropolis is viewed as a strategic development area with significant economic value and potential, aiming to address Hong Kong's spatial and resource constraints [2] - The establishment of the Hong Kong-Shenzhen Innovation and Technology Park is a key project, with the first phase already completed and various industries, including health tech and AI, set to establish a presence [2] Group 3: Population and Infrastructure - The government anticipates that the Northern Metropolis will house about 2.5 million residents by the end of 2024, based on current population statistics [5] - Infrastructure improvements will include simplified administrative measures and a phased development model to reduce costs and construction time [5]

Core Points - The Hong Kong government is accelerating the development of the Northern Metropolis, which is expected to enhance cooperation between Hong Kong and Shenzhen, as well as contribute to the Greater Bay Area construction [1][5] - The Northern Metropolis will cover approximately 300 square kilometers and is projected to accommodate 2.5 million people, creating 500,000 new jobs [1][2] Group 1: Development Initiatives - A "Northern Metropolis Development Committee" will be established, chaired by the Chief Executive, to streamline administrative measures and expedite development [2][3] - The government plans to implement a fast-track approval system and adopt advanced construction methods to reduce costs and shorten project timelines [2][3] - The government will introduce flexible land allocation policies to encourage enterprise participation in the Northern Metropolis development [2][3] Group 2: Infrastructure and Connectivity - The government aims to enhance transportation infrastructure, including cross-border rail projects to improve connectivity between Hong Kong and Shenzhen [4] - The Northern Metropolis will significantly boost the confidence of industries to establish operations in the area due to improved infrastructure [4][5] Group 3: Technological Development - The government will accelerate the development of the Lok Ma Chau Loop Hong Kong-Shenzhen Innovation and Technology Park, with the first three buildings already completed [3] - The New Tin Technology City development plan will be announced within the year, focusing on top-level design and industry positioning [3]

大湾区成外资首选地 根据《报告》，目前大湾区产业体系完备、聚链成势。从微观层面看，大湾区供应链促进体系激发链上 企业创新活力，为企业带来基础研究实力跃升、成果加速转化以及技术与产品迭代升级等机遇。 南方财经记者谭海燕 广州报道9月15日，第三届粤港澳大湾区发展工商大会在广州举行。在这场粤港澳 三地携手举办的大会上，工商界人士围绕国际供应链协同创新与全球贸易风险应对这个主题展开了讨 论。 外部环境越是严峻复杂，粤港澳大湾区越能发挥其独特的重要性。正如美中贸易全国委员会高级副总裁 范诺亚所说，过去几周他在大湾区深刻感受到，这里不仅是全球连通中国市场的关键枢纽，还是集结跨 境力量，提升企业灵活度和经济稳定性，推动本地区与全球增长的重要平台。"我们坚信像今天大会这 样建设性的对话平台，将加强彼此的联系，增进信任，并为未来的共赢合作指明方向。" 大会期间还重磅发布了《粤港澳大湾区供应链促进报告》（简称《报告》）。这份报告首次绘制了大湾 区智能汽车、创新药两大新兴产业的供应链图谱，展现了大湾区正通过供应链的深度整合，加速打造具 有全球竞争力的产业高地。 值得注意的是，今年以来，从软硬联通到协同融合再到高效联动，粤港澳大湾 ...

Core Viewpoint - The event commemorating the 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War was broadcasted live in cinemas in Zhuhai and Hengqin, providing an immersive viewing experience for the audience [1]. Group 1 - Four cinemas in Zhuhai and Hengqin participated in the live broadcast of the commemorative event, utilizing advanced audiovisual technology to enhance the viewing experience [1]. - The event featured a solemn atmosphere with a national anthem performance and flag-raising ceremony, showcasing the disciplined military parade and new military equipment, which received enthusiastic applause from the audience [1]. - The participation of nearly a hundred Hong Kong and Macau youths in the event highlighted their emotional response, expressing a strengthened belief in contributing to the Greater Bay Area development and national pride [3]. Group 2 - Youth from Macau, Liang Zhihao, expressed excitement and emotional impact from watching the military parade on a large screen with many peers, marking a unique experience [5]. - Hong Kong youth, Cui Jing, emphasized the focused and immersive atmosphere in the cinema, feeling a strong sense of national unity and strength during the national anthem, and was impressed by the modern military capabilities displayed [7].

Core Insights - The company has evolved significantly over the past five years, transforming its operational strategies and expanding its logistics capabilities, particularly in cross-border transportation and warehousing [9][10][12]. Company Overview - Established in 1989, the company is a wholly state-owned enterprise in Hong Kong, primarily engaged in cross-border freight, warehousing, and international freight forwarding [6]. - The company has been recognized for its significant contributions to logistics in the Guangdong-Hong Kong-Macao Greater Bay Area, receiving accolades such as the "National Transportation Brand Enterprise" in 2024 [6]. Operational Transformation - The company faced challenges in 2019, prompting a shift in its operational mindset to enhance employee engagement and accountability, leading to a differentiated performance evaluation system [9][10]. - Over the past five years, the company has implemented reforms that have reduced talent turnover and established a competitive environment, resulting in significant business growth, including the acquisition of 142 new clients and over 70 million yuan in new business in 2024 [10][11]. Strategic Initiatives - The company has undertaken a "warehouse revolution," investing over 200 million yuan to acquire a large warehouse in Hong Kong, which has become a strategic asset for future growth [12]. - The company has also optimized its asset structure by revitalizing underutilized logistics bases, enhancing its operational efficiency and profitability [13]. Market Expansion - The company has successfully launched cross-border logistics services to Southeast Asia, marking its entry into international markets and enhancing regional trade cooperation [14][15]. - Collaborations with major corporations like BYD have been established to leverage Hong Kong's position as an international logistics hub, further expanding the company's service offerings [16]. Environmental and Social Responsibility - The company has integrated sustainability into its operations by developing solar power systems in its warehouses, contributing to reduced carbon emissions and generating additional revenue [12].

Group 1 - The company reported a revenue of 10.206 billion yuan for H1 2025, a year-on-year decrease of 1.0%, while net profit attributable to shareholders was 307 million yuan, an increase of 85% year-on-year [1] - National cement production decreased by 4.3% year-on-year to 820 million tons in H1 2025, with the company's main regions (Guangdong and Guangxi) showing relatively better performance compared to the national average [1] - The company's cement, concrete, and aggregate production line utilization rates were 56.8%, 32.0%, and 80.2% respectively, compared to 64.2%, 27.1%, and 75.1% in H1 2024 [1] Group 2 - In H1 2025, the company's cement sales were 25.31 million tons, a year-on-year decrease of 13%, while concrete sales increased by 36% to 68.77 million tons, and aggregate sales increased by 23% to 36.34 million tons [2] - The average price of cement was 247 yuan per ton, an increase of 9 yuan per ton year-on-year, while the price of commercial concrete decreased by 41 yuan per ton to 303 yuan per ton, and the price of aggregates decreased by 1 yuan per ton to 36 yuan per ton [2] - The company has an existing aggregate annual production capacity of approximately 108.6 million tons, with an expected total capacity of 134.8 million tons once all projects are completed [2] Group 3 - The industry is expected to gradually optimize its structure against a backdrop of reduced competition, with projected company earnings of 700 million yuan and 1 billion yuan for 2025 and 2026 respectively, corresponding to PE ratios of 17 and 12 times [3]

Investment Rating - The investment rating for China Resources Cement Technology (1313.HK) is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 10.206 billion yuan for the first half of 2025, a year-on-year decrease of 1.0%, while the net profit attributable to shareholders was 307 million yuan, reflecting an increase of 85% year-on-year [2][4]. - The overall industry demand is under pressure, but the Guangdong and Guangxi regions are performing relatively better than the national average. National cement production decreased by 4.3% year-on-year to 820 million tons in the first half of 2025 [5]. - The company’s cement sales volume decreased by 13% year-on-year to 25.31 million tons, while concrete sales volume increased by 36% year-on-year to 68.77 million tons, and aggregate sales volume increased by 23% year-on-year to 36.34 million tons [5]. - The average price of cement products was 247 yuan per ton, an increase of 9 yuan per ton year-on-year, while the average price of commercial concrete was 303 yuan per ton, a decrease of 41 yuan per ton year-on-year [5]. Summary by Sections Company Overview - The company is primarily located in the Guangdong and Guangxi regions, which are expected to see better demand growth compared to the national average. The production line utilization rates for cement, concrete, and aggregates were 56.8%, 32.0%, and 80.2%, respectively, compared to 64.2%, 27.1%, and 75.1% in the same period of 2024 [5][7]. Market Dynamics - The mid-term outlook for the South China market is positive due to the construction momentum from the Greater Bay Area. The regional supply has stabilized, and the market is entering a rebalancing phase. The company, as a regional leader, has comprehensive advantages in scale and distribution [7]. Financial Projections - The industry is expected to gradually optimize its structure, with the company projected to achieve net profits of 700 million yuan and 1 billion yuan for 2025 and 2026, respectively, corresponding to price-earnings ratios of 17 and 12 times [7].