第四届中国—非洲经贸博览会即将在中国长沙举办。作为落实中非合作论坛经贸举措的重要平台和中非 在经贸领域最重要的交流活动之一，本届博览会将以"中非共行动、逐梦现代化"为主题，围绕落实中 非"十大伙伴行动"举办各类经贸活动，推动中非经贸合作取得更多务实成果。 发展援助合作卓有成效。中方立项实施援非盟非洲疾控中心总部、布基纳法索博博医院等25个医疗卫生 项目；立项实施援马拉维、布隆迪、科特迪瓦农业技术援助等47个减贫和农业项目；立项实施援加纳渔 港综合设施、毛里塔尼亚努瓦克肖特立交桥等26个贸易促进项目；立项实施援马达加斯加公路等11个工 业化和就业促进项目等。目前，在中非共同实施的卫生健康、减贫惠农、贸易促进、投资驱动、数字创 新、绿色发展、能力建设、人文交流、和平安全方面的"九项工程"中，对非援助和发展合作项目已全部 落实。 近年来，在共筑新时代全天候中非命运共同体的战略引领下，中非共同努力，经贸合作成果丰硕，呈现 蓬勃发展势头。 合作领域日趋丰富。中国对非洲经贸合作横跨商品贸易、服务贸易等经贸领域全方位，广泛涉及制造 业、家电、基础设施、建筑、矿产资源、交通运输及物流、农业及农产品、文化及旅游产业等。除此之 ...

据统计，2025届高校毕业生规模预计达1222万人，同比增加43万人。促进高校毕业生高质量充分就业， 如何发力？ 兼顾量的"扩容"与质的"升级"。一方面，于国家战略与产业发展中找到新的岗位增长点。用足用好"三 支一扶""西部计划"等政策性岗位，引导更多毕业生主动到城乡基层扎下根来，实现人才价值与社会需 求的同频共振。另一方面，激发企业吸纳高校毕业生的积极性和主动性，进而广开市场化渠道、构筑多 元化就业生态，提升学生择业的丰富度与匹配度。以岗位的广度提升匹配的精度，让教育链、人才链与 产业链、创新链"无缝对接"。 着眼就业服务的"当下"与"长远"。面对在校毕业生，开展分层分类的就业思政教育、政策说明会等；针 对离校未就业生，岗位推送不断线、就业服务不断线、重点帮扶不断线……精准不失温度的就业指导体 系，能帮助学生完成从学校到社会的过渡。 为何选择核动力研究？因为要"把个人才智融入强核报国"。 为何投身西部建设？因为"我感到很光荣"。 ………… 高校毕业生就业，事关个人家庭，亦事关国计民生。日前，教育部印发通知，部署各地各高校抢抓离校 前促就业关键冲刺期，深入开展2025届高校毕业生就业"百日冲刺"行动。 找到一 ...

Core Insights - The meeting focused on enhancing trade cooperation between Guangdong and Indonesia under the RCEP framework, aiming to deepen collaboration in digital economy and other sectors [1][2] - The trade volume between Guangdong and Indonesia reached 171.8 billion RMB in 2024, marking a 12.4% year-on-year increase, which constitutes one-sixth of the bilateral trade between China and Indonesia [2] - The Guangdong Provincial Council for the Promotion of International Trade aims to facilitate practical cooperation through various platforms and initiatives, enhancing supply chain collaboration and expanding into high-end sectors [3][4] Group 1 - The meeting served as a platform for discussing cooperation mechanisms, supply chain synergy, trade investment facilitation, and cross-border e-commerce [1] - The Guangdong Provincial Council for the Promotion of International Trade emphasized the importance of leveraging Guangdong's advantages to expand cooperation in digital economy and green energy with Indonesia [2] - The bilateral trade relationship has been strengthened over the past decade, with trade volume projected to reach nearly 150 billion USD in 2024 [2] Group 2 - The meeting resulted in the release of the "RCEP National Investment Legal Guide - Indonesia Edition," which provides legal guidelines for investment and risk prevention [4] - A new initiative called the "New Generation Entrepreneurs Together" exchange program was launched to establish long-term cooperation mechanisms between young entrepreneurs from both regions [4] - The Guangdong Provincial Council for the Promotion of International Trade plans to enhance cooperation with Indonesian business associations to provide various support services for market expansion [3][4]

文 | 赵伟、贾东旭、侯倩楠 联系人 | 贾东旭 摘要 在当前宏观政策积极发力稳增长的背景下，政策性金融工具备受关注。前两轮其成效显著，本轮新型工 具何时可能落地？资金投向又会有哪些新动向？本文分析，可供参考。 短期还有哪些稳增长工具值得期待？政策性金融工具或"呼之欲出"。 4月政治局会议对宏观政策做出新部署，货币政策率先在5月初落地，财政政策方面，政府债发行依旧保 持积极态势，短期内增量可能来源于政策性金融工具。 货币政策上，央行于 5月7日推出三大类货币政策 措施及十项具体举措。财政政策方面，除政府债净融资维持高位外，增量资金来源需关注政治局会议提 出的 "新型政策性金融工具"。 政策性金融工具可能在6月底落地，一方面源于发改委给出的指引，另一方面也和当前经济基本面稳健有 关。 国家发展改革委副主任表示，"力争6月底前下达2025年'两重'建设和中央预算内投资全部项目清 单，同时设立新型政策性金融工具。"另外，当前经济基本面表现稳健，5月乘联会乘用车零售同比 13.0%，出口相关指标也处于较高区间。 同时，5 月份以来，多地积极筹备项目并准备申报，召开新型政策性金融工具政策宣讲会或对接会。 5月 中旬以来 ...

Group 1 - The core viewpoint of the article emphasizes the importance of policy initiatives in enhancing economic growth and environmental protection, particularly through data sharing and ecological compensation mechanisms [2][3][5]. Group 2 - On June 5, President Xi Jinping and President Trump discussed the importance of maintaining a strong economic relationship between China and the U.S., emphasizing mutual respect and cooperation [2]. - The introduction of the "Regulations on Government Data Sharing" aims to improve the efficiency of government services and digital governance by promoting orderly data sharing and breaking down data silos [3][4]. - The Ministry of Finance and other departments announced a unified horizontal ecological compensation mechanism focusing on the Yangtze and Yellow River basins, which will allocate compensation funds based on water quality assessments [5][6]. - The "Opinions on Further Improving the Horizontal Ecological Protection Compensation Mechanism" outlines seven key tasks to attract more social capital into ecological civilization construction, including establishing compensation mechanisms and expanding compensation areas [7][8]. - The Ministry of Finance announced support for 20 cities to implement urban renewal projects, with a total expected subsidy exceeding 20 billion yuan, aimed at improving urban infrastructure and living conditions [9]. - The Ministry of Human Resources and Social Security initiated a pilot program to integrate human resources services with the manufacturing industry, focusing on establishing service standards and combating illegal practices [10][11].

中新网北京6月10日电(李紫薇)2025年跨境电商产业发展合作交流会暨北京大兴国际机场临空经济区跨 境优势资源推介会6月10日在京举办。跨境电商行业组织、欧洲行业代表、马来西亚对外贸易发展局等 业界人士与会，共商共议全球跨境电商发展趋势。 2025年6月10日，比利时巧克力Cailine的CEO Kristof Noppe(中)向嘉宾推介巧克力。李国庆摄 "跨境电商实际上是给中小企业带来更多的机会"，对外经济贸易大学国际经济贸易学院教授王健表示， 此次马来西亚对外贸易发展局以及马来西亚驻华大使馆所介绍的特色产品大多为农产品，"马来西亚希 望能借鉴中国跨境电商发展模式，为它的中小企业打造出海平台。" "如今数字经济的新生态，实际上给中小微企业带来了更多的发展机遇，而中小微企业恰恰又是各国经 济当中的主力军，如果中小微企业发展了，那么全球经济的发展是没有问题的。"王健总结道。 2025年6月10日，大兴国际机场临空经济区联合管委会主任张华在推介会现场介绍大兴国际机场临空经 济区的优势。李国庆摄 此次交流会由北京大兴国际机场临空经济区联合管理委员会与中国报关协会主办，旨在共商共筑跨境电 商新高地，赋能全球贸易新未来 ...

Core Viewpoint - The National Information Center and the Yongchuan District People's Government of Chongqing signed a strategic cooperation agreement to enhance collaboration in digital economy development, focusing on infrastructure, data flow, talent cultivation, and creating a data element industry ecosystem [1][3]. Group 1: Strategic Cooperation - The agreement emphasizes "complementary advantages, mutual benefit, and long-term cooperation" to leverage strengths in policy research, industry cultivation, technological innovation, market expansion, and talent training [1]. - The collaboration aims to establish a long-term cooperation mechanism and build a "cross-border trusted data space" to promote high-quality development of the digital economy [1][3]. Group 2: Yongchuan District's Digital Economy - Yongchuan District is positioned to become a hub for digital economy innovation, with a focus on data element circulation and integration into the data element industry ecosystem [3]. - The district plans to enhance its digital government and smart city initiatives, and develop a data element circulation system to facilitate cross-border data transactions [3][4]. Group 3: Technological Infrastructure - Yongchuan has implemented a "1358" action plan to create a nationally influential technology film industry ecosystem, featuring a state-of-the-art film studio with 12 professional studios and advanced equipment [4]. - The district is developing a digital asset platform for technology films, integrating AI scheduling and digital watermarking to create a comprehensive service platform that serves the southwestern region [4].

中微半导体设备（上海）股份有限公司 （截至授予日） 一、限制性股票激励计划的分配情况表 获授限制性股 占授予限制性 占本激励计划公告 姓名 国籍 职务 票数量(万股) 股票总数比例 日股本总额比例 一、董事、高级管理人员、核心技术人员 董事长、总经理、 尹志尧 中国 12.5 1.0417% 0.0201% 核心技术人员 董事、副总经理、 丛海 新加坡 10 0.8333% 0.0161% 核心技术人员 董事、副总经理、 陶珩 中国 5 0.4167% 0.0080% 核心技术人员 副总经理、财务负 陈伟文 中国香港 6.4 0.5333% 0.0103% 责人 何奕 中国 副总经理 5 0.4167% 0.0080% 姜银鑫 中国 副总经理 5 0.4167% 0.0080% 靳巨 美国 副总经理 6.4 0.5333% 0.0103% 副总经理、董事会 刘方 中国 10 0.8333% 0.0161% 秘书 姜勇 中国 核心技术人员 2.55 0.2125% 0.0041% 陈煌琳 中国台湾 核心技术人员 2.55 0.2125% 0.0041% 刘志强 新加坡 核心技术人员 5.55 0.4625% 0 ...

Core Insights - The rapid growth of short video platforms is approaching 1 billion monthly active users, which supports the expansion of their business landscape and positions them as a significant source of domestic employment [1] Employment Impact - As of the end of 2024, Kuaishou has created 43.2 million job opportunities, with 23 million being direct jobs for short video creators and streamers, and 20.2 million indirect jobs, including 5.73 million from content ecosystems and 14.47 million from live e-commerce ecosystems [2] - The integration of short video and live streaming platforms with the real economy is fostering new industries and professions, contributing to a digital transformation that enhances employment opportunities [3][11] New Occupations - The platform economy has led to the emergence of new job roles such as user growth operation specialists, online streamers, and live recruitment specialists, which have been officially recognized as new professions by the Ministry of Human Resources and Social Security [6] - Kuaishou's data indicates that by the end of 2024, the platform has generated 174 new job roles, with live e-commerce GMV (Gross Merchandise Volume) growth of 1 billion yuan leading to an increase of approximately 1,200 jobs [12] Recruitment Innovations - Live streaming recruitment has proven to be significantly more efficient than traditional recruitment methods, with some HR companies reporting up to ten times the efficiency [17] - Kuaishou's "Kuaipin" service, launched in January 2022, combines internet and live streaming for recruitment, addressing the job-seeking needs of key groups such as unemployed graduates and migrant workers [20] Training and Development - Public employment service departments are increasingly offering free live operation vocational training courses, covering areas such as e-commerce operations and short video production, which not only help key groups find employment but also provide long-term career development opportunities [20]

Report Industry Investment Rating No information provided in the content. Core Viewpoints of the Report - From June 3rd to June 6th, 2025, the A-share market oscillated and consolidated, with major stock indices rising moderately. The small and medium-cap and science and technology innovation sectors performed prominently. The convertible bond market warmed up overall, with funds preferring small and medium-cap high-elasticity targets. The daily average trading volume rose to 64.57 billion yuan. The valuation of low-par convertible bonds was significantly repaired, while the medium and high-par range showed caution, and risk appetite increased. At the industry level, convertible bonds in sectors such as media and light manufacturing led the gains. At the individual bond level, those with higher gains were mostly driven by underlying stocks. The supply in the primary market was stable, and clause games were active. It is necessary to pay attention to changes on the supply side. Overall, the market's rotation and repair trend continued. Short-term allocation suggestions should balance low-valuation repair opportunities and the defensive value of high-rated blue-chip convertible bonds, and flexibly grasp the structural market [2][6]. Summary According to Relevant Catalogs Market Weekly Review - **A-share Market**: The major A-share stock indices continued their moderate warming trend. The Shanghai Composite Index rose 1.1%, the Shenzhen Component Index rose 1.4%, and the ChiNext Index led the gains with a 2.3% increase. In terms of style, small and medium-cap and science and technology innovation indices were more elastic, with the Science and Technology Innovation 50 Index rising 2.3%, indicating a gradual repair of market risk appetite. In terms of funds, the daily average trading volume rose to 1.2 trillion yuan, and the net outflow of main funds narrowed by 6.4 billion yuan to 7.3 billion yuan compared with the previous week, and trading activity increased moderately. Overall, the risk appetite of the A-share market warmed up, and capital games were concentrated in small and medium-cap and science and technology innovation directions. The market entered a rotation and repair stage. It is recommended to focus on high-prosperity and low-level repair opportunities in the short term, and balance the structural opportunities of active small and medium-cap sectors [10]. - **Convertible Bond Market**: The convertible bond market significantly warmed up, and activity was moderately repaired. The ChinaBond Convertible Bond Index rose 1.08% across weeks, and the daily average trading volume rose to 64.57 billion yuan. Structurally, small and medium-cap convertible bonds were more active, indicating that funds were seeking offensive opportunities under the previous cautious sentiment, and market risk appetite increased. There was a differentiation in the parity range. The valuation of low-par convertible bonds was significantly repaired, while the medium and high-par range had limited fluctuations, reflecting active capital games on low-level high-elasticity targets. The implied volatility and price median increased slightly, and there was still repair momentum. At the industry level, convertible bonds in the media and light manufacturing sectors performed prominently, while adjustment pressures emerged in high-elasticity directions such as home appliances and communications. At the individual bond level, those with higher gains were mostly driven by underlying stocks, and the market preferred repair opportunities that combined fundamental support and elasticity. Overall, the convertible bond market continued to be actively volatile, and capital allocation focused on medium and low-price high-elasticity targets [10]. - **Primary Market**: The supply in the primary market of convertible bonds was generally stable. One enterprise updated its convertible bond issuance plan and was in the stage of passing the listing committee. The total scale of convertible bond issuance projects at the exchange acceptance stage and later remained at 58.99 billion yuan, and the supply rhythm was generally stable. In terms of clause games, five convertible bonds announced that they were expected to trigger downward revisions, and five announced no downward revisions. On the redemption side, two announced that they were expected to trigger redemptions, one announced no early redemption, and one announced early redemption. Overall, the market supply remained stable, and clause games and redemption operations continued. It is still necessary to pay attention to marginal changes on the supply side in the future [10]. Convertible Bond Allocation Suggestions - The convertible bond market was actively volatile during the week, and risk appetite increased slightly. In terms of allocation, it is recommended to adhere to the idea of "balanced allocation + gaming elasticity": focus on allocating large-cap blue-chip convertible bonds with high ratings, low premiums, and sufficient liquidity to balance low volatility and stable returns; at the same time, moderately grasp the periodic repair opportunities of low-par high-elasticity convertible bonds, focus on high-quality bonds in sectors such as media and light manufacturing with underlying stock prosperity support and performance certainty, and balance returns and risks [8]. Market Theme Weekly Review - **Equity Theme Weekly Review**: From June 3rd to June 6th, 2025, the A-share market continued its structural rotation. The technology sector warmed up, and short-term gaming sentiment was active. The daily limit style was prominent, with the daily limit index rising 8.0%, the first daily limit non-ST index rising 7.5%, and the first daily limit index rising 7.1%, reflecting high activity of short-term funds. Meanwhile, high-prosperity directions such as the digital economy and communication infrastructure strengthened. The optical module (CPO) index and the optical communication index rose 9.6% and 6.6% respectively, and the digital currency index and the east-west computing index also recorded gains of over 4%. Funds focused on structural repair opportunities for high-quality themes. The financial technology and pharmaceutical sectors also performed well, with the financial technology index rising 3.9%, the pharmaceutical centralized procurement index rising 3.7%, the cross-border payment index rising 3.4%, and the innovative drug index rising 2.6%. However, the automotive sector corrected, with theme sectors such as the new energy vehicle index, intelligent driving index, humanoid robot index, and Huawei automotive index experiencing corrections. Overall, the market was still mainly driven by events and capital games in the short term, with obvious characteristics of rotation repair and high-low level switching. The technology sector warmed up, but funds preferred low-level directions with fundamental support [14]. - **Convertible Bond Weekly Review**: From June 3rd to June 6th, 2025, the convertible bond market significantly warmed up, and overall trading activity increased significantly. Capital allocation tilted towards small and medium-cap directions with high elasticity and prosperity support. In terms of the market, the ChinaBond Convertible Bond Index rose 1.08% across weeks, the large-cap index rose 0.66%, the medium-cap index rose 1.19%, and the small-cap index performed the strongest, with a gain of 1.61%, indicating an increase in market risk appetite and a preference for small and medium-cap elastic targets. In terms of the parity range, the valuation of medium and low-par convertible bonds stretched significantly, while the medium and high-par range overall warmed up slightly. There was also a structural differentiation in the market price range, and the high-price range adjusted. At the industry level, the media, light manufacturing, and beauty care sectors led the gains. At the individual bond level, the convertible bonds with higher gains were mostly driven by underlying stocks, and trading opportunities were concentrated in targets with prosperity support and high elasticity. The supply rhythm in the primary market slowed down. Only one listed enterprise updated its convertible bond issuance plan during the week, with a scale of 450 million yuan, and the supply risk was temporarily controllable. Overall, the risk appetite of the convertible bond market warmed up moderately in the short term, and capital preferences were concentrated in medium and low-price and some medium and high-par range convertible bonds. It is recommended to pay attention to repair opportunities in the medium and low-par range and balance the stable allocation of large-cap convertible bonds [17]. Weekly Market Outlook - **A-share Market**: The A-share market is expected to continue its oscillating rotation characteristics, and the market style will gradually tilt towards balanced allocation. Capital layout will also tend to low-level repair and growth directions. In the short term, it is necessary to be vigilant against the high-level adjustment pressure of some previously strong sectors. It is recommended to focus on sectors such as pharmaceuticals and consumption with good prosperity sustainability and performance support [19]. - **Convertible Bond Market**: In the short term, the convertible bond market may experience a decline in activity with the fluctuations of the equity market, and risk appetite will still be differentiated. It is recommended to focus on allocating medium and high-price convertible bonds with low premiums, high certainty, and underlying stock elasticity, and pay attention to targets with capital allocation value in industries such as basic chemicals and transportation. In terms of strategy, it is recommended to balance the defensive attributes of high-rated blue-chip convertible bonds and the periodic gaming opportunities of small and medium-cap elastic convertible bonds, moderately grasp the structural repair window, and prevent the trading congestion risk of high-level sectors [19].