（原标题：专访野村亚洲及印度首席经济学家：中国东盟数字经济合作将加速） 南方财经 21世纪经济报道记者胡慧茵 "我们发现，许多东南亚出口商提高了对美出口商品的价格，它们已经把部分成本压力转嫁给美国消费 者。"近日，野村亚洲（除日本外）及印度首席经济学家Sonal Varma在接受21世纪经济报道记者专访时 说。 亚洲国家寻求多元市场 《21世纪》：美国已经与部分东南亚国家达成贸易协议。联合国开发计划署的报告称，随着美关税引发 价格上涨，东南亚对美出口总额或下降9.7%，对此你怎么看？具体会对哪些行业带来影响？ Varma：此前，美国与包括中国在内的亚洲国家签署了贸易协定，还与部分北亚经济体达成了投资协 议。目前关税政策的透明度有所提高，在一定程度上缓解了贸易的不确定性。 随着美国对中国的关税税率有所下降，许多东南亚国家此前部分凭借转口贸易所获得的部分出口优势， 可能会有所减弱。 该协定的另一部分内容是，亚洲国家降低对美国的非关税壁垒，并接受更多美国进口商品。从中期来 看，我们认为这将加剧亚洲经济体内部的竞争。为了提升竞争力，部分亚洲国家可能会进行相关的"隐 性改革"。 10月，美国特朗普政府在东盟峰会期间与泰 ...

新华社利雅得11月29日电 专访｜区域合作在动荡中更显重要——访博鳌亚洲论坛秘书长张军 新华社记者罗晨 王海洲 2025年博鳌亚洲论坛利雅得会议26日至27日在沙特阿拉伯首都利雅得举行。博鳌亚洲论坛秘书长张军27 日接受新华社记者专访时表示，当今世界正面临一系列严峻挑战，区域合作重要性正进一步提升。区域 合作不仅有助于应对单边主义、保护主义带来的挑战，也能推动产业链供应链的安全、多元与稳定，进 一步增强区域经济韧性。 张军表示，当今世界正处在大变革、大转型之中。一方面在单边主义、保护主义冲击之下，全球经济和 贸易持续承压，产业链供应链安全稳定成为各国共同关注的重点。另一方面，世界经济也处在新的转型 时期，以数字经济、绿色经济为代表的新增长动能不断涌现，为区域合作与经济转型带来新机遇。 张军说："召开这样的会议，就是希望推动各方加强团结合作，共同应对挑战，维护经济安全和产业链 供应链稳定，同时推动共同努力，在全球经济转型中通过多元化发展来增强各国和区域经济的韧性，发 掘更大发展空间和潜力。" 今年的利雅得会议以"转型促进区域经济多元化与可持续发展"为主题。博鳌亚洲论坛理事长、联合国前 秘书长潘基文等来自10多个 ...

新华财经利雅得11月29日电（记者罗晨王海洲） 2025年博鳌亚洲论坛利雅得会议26日至27日在沙特阿 拉伯首都利雅得举行。博鳌亚洲论坛秘书长张军27日接受新华社记者专访时表示，当今世界正面临一系 列严峻挑战，区域合作重要性正进一步提升。区域合作不仅有助于应对单边主义、保护主义带来的挑 战，也能推动产业链供应链的安全、多元与稳定，进一步增强区域经济韧性。 张军表示，当今世界正处在大变革、大转型之中。一方面在单边主义、保护主义冲击之下，全球经济和 贸易持续承压，产业链供应链安全稳定成为各国共同关注的重点。另一方面，世界经济也处在新的转型 时期，以数字经济、绿色经济为代表的新增长动能不断涌现，为区域合作与经济转型带来新机遇。 张军说："召开这样的会议，就是希望推动各方加强团结合作，共同应对挑战，维护经济安全和产业链 供应链稳定，同时推动共同努力，在全球经济转型中通过多元化发展来增强各国和区域经济的韧性，发 掘更大发展空间和潜力。" 今年的利雅得会议以"转型促进区域经济多元化与可持续发展"为主题。博鳌亚洲论坛理事长、联合国前 秘书长潘基文等来自10多个国家和地区以及多家国际组织的300多名政商学界嘉宾出席本次会议， ...

Core Viewpoint - Green Economy (01315.HK) reported a slight increase in revenue for the six months ending September 30, 2025, with total revenue from continuing operations reaching approximately HKD 1.236 billion, up about 1% from HKD 1.225 billion in the same period of 2024 [1] Financial Performance - The gross profit from continuing operations decreased from approximately HKD 11.3 million in the previous interim period to about HKD 1.6 million in the current period [1] - The profit attributable to the company's owners increased to approximately HKD 4.7 million, up from about HKD 2.2 million in the previous interim period, marking an increase of approximately HKD 2.5 million [1] - This increase in profit was primarily due to an increase in other income and losses by HKD 19.1 million, although it was partially offset by a decrease in gross profit of about HKD 9.7 million and an increase in losses from discontinued operations of approximately HKD 8.7 million [1] - Earnings per share for the period were approximately HKD 0.075, compared to HKD 0.041 in the previous interim period [1]

Core Insights - The article discusses the "Green Intelligence Future" global sustainability challenge, highlighting the collaboration between Xiangfeng Investment China Fund and Temasek Foundation to promote innovative projects for sustainable development [1][2] - It emphasizes the importance of technology breakthroughs in green projects to address commercialization challenges and meet market demands [2][3] Group 1: Event Overview - The first "Green Intelligence Future" global sustainability challenge was held in Shenzhen, featuring top projects from over 1,000 submissions across approximately 70 countries [1] - The event aims to discover high-quality projects with technological innovation and commercial viability to support global sustainability goals [1] Group 2: Funding and Support Mechanism - Xiangfeng Investment, in collaboration with Temasek Foundation, provides initial funding to help green startups overcome early-stage financing difficulties [2] - The goal is to assist projects in validating their technologies before attracting market capital for scaling [2] Group 3: Market Potential in China - China, with a population of 1.4 billion and strong innovation capabilities, is seen as a fertile ground for discovering quality green projects [2] - The competition aims to help winning early-stage projects expand into potential markets in Shenzhen and Southeast Asia [2] Group 4: Key to Becoming a Green "Unicorn" - Projects with the potential to become the next green "unicorn" must achieve technological breakthroughs in critical areas [2] - Examples include projects addressing high emissions in aviation and solutions for plastic pollution, which align closely with market needs [2] Group 5: Complementarity of Green Investment and AI - Green industries and AI investments are viewed as complementary rather than substitutive, with AI enhancing the efficiency of green technology development [3] - The investment strategy includes balancing long-term green investments with the high commercial value of AI [3] Group 6: ESG Rating Center Initiatives - The Sina Finance ESG Rating Center offers various ESG services to promote sustainable development and responsible investment [4][5] - It aims to establish ESG evaluation standards suitable for China's context and enhance the ESG investment landscape in the asset management industry [5]

Core Viewpoint - The China-ASEAN Free Trade Area 3.0 is positioned as a model for free trade frameworks, emphasizing its innovative and successful practices in the context of a fragmented global economy [2] Group 1: Economic Integration and Trade - The China-ASEAN Free Trade Area 3.0 features unique scalability and flexibility, catering to the development needs of different ASEAN countries while providing a unified framework that reflects unprecedented consensus between China and ASEAN nations [2] - This version of the free trade area aims to deepen rule-based regional integration, focusing on digital economy, green economy, supply chains, consumer protection, and the development of small and medium-sized enterprises, positioning it as an economic growth engine for the broader Asia-Pacific region and beyond [2][3] Group 2: Relationship with Other Trade Agreements - The China-ASEAN Free Trade Area 3.0 can operate within the broader framework of the Regional Comprehensive Economic Partnership (RCEP), facilitating deeper integration of regional production networks, with both agreements complementing each other [2] Group 3: Green Economy Focus - The emphasis on green economy within the China-ASEAN Free Trade Area 3.0 is crucial in the face of global sustainable development challenges, promoting cross-border green technology adoption and low-carbon infrastructure investment to enhance supply chain resilience [3] Group 4: China's Role in Regional Governance - China plays a stabilizing role in the governance of the China-ASEAN Free Trade Area 3.0 and RCEP, acting as a strategic bridge that connects and deepens the two trade agreements, supported by its robust domestic policy mechanisms [3] - The value of the China-ASEAN Free Trade Area 3.0 will ultimately be reflected in the development of enterprises and the improvement of people's well-being, serving as a platform for enhancing social and environmental governance [3]

Core Insights - The China-ASEAN Free Trade Area 3.0 is positioned as a model for free trade frameworks, emphasizing its innovative and successful practices in the context of a fragmented global economy [1][2] - The agreement focuses on deeper, rules-based regional integration, particularly in areas such as digital economy, green economy, supply chains, consumer protection, and the development of small and medium-sized enterprises [1][2] Group 1: Economic Integration - The China-ASEAN Free Trade Area 3.0 is characterized by its unique scalability and flexibility, catering to the diverse developmental needs of ASEAN countries while providing a unified framework [1] - It is expected to serve as an economic growth engine that radiates throughout the Asia-Pacific region and globally [1][2] Group 2: Green Economy Focus - The agreement places significant emphasis on green economy initiatives, which are deemed crucial in the face of global sustainable development challenges [2] - It aims to enhance supply chain resilience through the promotion of cross-border green technology adoption and low-carbon infrastructure investment [2] Group 3: Role of China - China is recognized for its pivotal role in regional governance, leveraging its economic scale and global influence to stabilize the China-ASEAN Free Trade Area 3.0 and the Regional Comprehensive Economic Partnership (RCEP) [2] - The country is seen as a reliable rule-maker and coordinator in regional economic integration, fostering strong synergies between the two trade agreements [2] Group 4: Societal Impact - The ultimate value of the China-ASEAN Free Trade Area 3.0 is expected to manifest in enhanced enterprise development and improved welfare for the people [2] - It is viewed as a platform for continuous improvement in social and environmental governance, enabling all parties to leverage regional markets for growth and new business opportunities [2]

传统城投依赖土地财政与高成本融资（平均利率6-8%），导致债务滚雪球式增长。而产投债以"低至3% 利率+5年以上周期"的组合拳，直击"短贷长投"痛点。例如，一个5亿元的产投债项目，5年可节省利息 支出超7500万元，相当于为地方财政减负15%。 2. 政策定向松绑，投资方向精准引导 国家明确产投债资金须用于"产业升级、绿色经济、三农振兴"三大领域，与县区级产投平台的金控、城 服、农投三大战略高度契合。政策不仅提供资金，更通过白名单制度为项目背书，降低市场疑虑。 3. 风险共担机制，激活社会资本参与 产投债可与产业基金、PPP模式联动，形成"政策资金引投+社会资本跟投"的杠杆效应。例如，政府用5 亿产投债撬动20亿总投资，重点支持新能源产业园、高标准农田等长周期项目。 二、转型路径：产投债如何赋能三大战略 在国家"十四五"规划明确提出"推动城投平台市场化转型"的背景下，县区级城投平台正迎来历史性拐 点。2023年国务院《关于完善地方政府投融资体制的指导意见》重磅出台，明确支持县区级城投发行5- 10亿元产投债，资金使用周期5年以上、利率低于3%，定向赋能产业孵化、新能源基建与乡村振兴。这 一政策不仅为城投平台注 ...

（文章来源：每日经济新闻） 碳中和50ETF（159861）跟踪的是环保50指数（930614），该指数从A股市场中选取涉及清洁能源、污 染治理、节能技术等环保产业相关领域的上市公司证券作为指数样本，以反映中国环保行业上市公司证 券的整体表现。该指数具有显著的绿色经济特征，旨在追踪环保产业发展趋势与投资价值。 华龙证券指出，1~10月全国电源工程投资同比增长0.7%，电网投资同比增长7.2%，显示电力设备行业 投资保持稳定增长。风电领域表现亮眼，10月新增装机8.92GW，同比增长34%，1~10月累计新增装机 70.01GW，同比大幅增长53%，截至10月底风电装机容量达5.9亿千瓦，同比增长21.4%。光伏行业1~10 月新增装机252.87GW，同比增长39%，但10月单月新增装机12.60GW，同比下降38%，截至10月底光伏 装机容量11.4亿千瓦，同比增长43.8%。新能源装机需求长期有望持续增长。 ...

Core Insights - The recent National Supply and Marketing Cooperative Congress highlighted the impressive economic performance of the cooperative over the past five years, emphasizing its role in supporting agriculture and rural markets [1] Economic Scale and Quality Upgrade - The cooperative achieved an average annual sales growth of 8.6% during the 14th Five-Year Plan, with over 1,400 enterprises generating revenues exceeding 100 million yuan, and the number of enterprises with revenues over 10 billion yuan increasing from 14 in 2020 to 29 [2] - Continuous policy support has been provided for five years, with 19 provinces issuing reform documents and four regions establishing local regulations, leading to sustained policy benefits [2] Agricultural Economic Support - The cooperative supplies 70% of the national fertilizer and is responsible for about 50% of the national commercial fertilizer reserves and 80% of provincial reserves, with agricultural social services covering over 300 million acres and sales of agricultural products exceeding 3 trillion yuan [3] - Initiatives such as cold chain logistics and production-sales connections have facilitated smoother transitions of agricultural products from rural to urban areas, benefiting both farmers and market supply [3] New Growth Areas - The recycling of resources has emerged as a new growth driver, with the establishment of 46,000 recycling stations and over 600 sorting centers, accounting for 31% of the national waste appliance dismantling [4] - The cooperative has made significant strides in consumption assistance, industry support, and targeted aid, with the "832 platform" achieving a transaction volume exceeding 57.2 billion yuan and over 6,600 assistance counters opened [4] Reform and Development Foundation - The cooperative has completed the corporate restructuring of its enterprises, with the "Thousand Counties Thousand Cooperatives Quality Improvement Action" being implemented in 1,382 agricultural counties, establishing 737 model grassroots cooperatives [5] - Governance efficiency has improved, with a basic framework for the "three meetings" system at provincial, municipal, and county levels, and the cooperative is actively expanding international cooperation [5]