Group 1 - The first product under the China-Brazil ETF mutual access mechanism has been officially listed in Brazil [1][2] - The ETF, issued by Bradesco Asset Management, tracks the China CSI 300 Index, providing Brazilian investors with a convenient channel to invest in the Chinese market [2][3] - The launch of this ETF is seen as a significant milestone in deepening cooperation between the Chinese and Brazilian capital markets, marking the first time the ChiNext Index covers the Latin American region [3] Group 2 - The product is designed to help Brazilian investors participate in the growth opportunities of the Chinese ChiNext market through a linked fund format [3] - The cooperation is based on a memorandum of understanding signed in March, which facilitated the coordination between regulatory bodies of both countries [2][3] - The launch is expected to diversify investment opportunities for Brazilian investors across various sectors in China, including consumption, healthcare, high-end manufacturing, and technology [2]

Core Viewpoint - The launch of the first batch of ETF products under the mutual recognition mechanism between the Shanghai and Shenzhen Stock Exchanges and the Brazilian Securities and Futures Exchange marks a significant step for cross-border investment opportunities in South America, allowing local investors to access Chinese economic growth [1][2]. Group 1: ETF Launch Details - The first batch of mutual recognition ETF products includes the CSI 300 ETF and the ChiNext ETF, which track the Huatai-PineBridge CSI 300 ETF listed on the Shanghai Stock Exchange and the Huaxia ChiNext ETF listed on the Shenzhen Stock Exchange, respectively [1]. - The issuance of these products is managed by Bradesco, a Brazilian asset management company [1]. Group 2: Collaborative Efforts - Since signing the ETF mutual recognition memorandum in March, the Shanghai Stock Exchange and the Brazilian Exchange have worked closely to complete essential preparations, including account opening, technical integration, and product creation [1]. - The Shanghai Stock Exchange plans to continue expanding the range of products under the mutual recognition framework to provide more investment tools for domestic and foreign investors [2]. - The Shenzhen Stock Exchange aims to enhance cooperation with foreign exchanges and market institutions, promoting high-level institutional openness in the capital market [2].

【导读】汇添富沪深300ETF登陆巴西市场，与华夏基金合作中巴ETF互联互通项目在巴西上市 5月27日，上交所官微发布消息，上交所与巴西证券期货交易所ETF互通项下首只产品在巴西正式上市交易，该产品由巴西资产管理公司布莱德斯科 （Bradesco）发行，跟踪汇添富在上交所上市的沪深300ETF。 5月27日，深交所官微发布消息，由巴西资产管理公司布莱德斯科发行的创业板ETF在巴西证券期货交易所成功上市。该产品以联接基金的形式投资在深 交所上市的创业板ETF华夏。 沪、深交易所方面表示，这标志着ETF互联互通机制首次在南美市场落地，南美市场投资者能够通过更加便捷、高效的跨境投资渠道，分享中国经济发展 成果。 巴西布莱德斯科资管董事里卡多·埃莱特里奥表示，相信中国的潜力，能够在各个领域提供巨大的投资机会。上述基金的推出将为巴西投资者提供多样化 投资的可能性，通过便捷的方式进入蓬勃发展的中国市场，并享受ETF的优势。未来将通过独家合作伙伴关系扩大差异化产品布局，进一步加强国际化战 略合作。 据了解，布莱德斯科汇添富沪深300ETF将采用被动投资策略，透过汇添富在上交所上市的汇添富沪深300ETF，追踪中国沪深300 ...

5月26日，上交所与巴西证券期货交易所ETF互通项下首只产品在巴西正式上市交易，由巴西Bradesco资 产管理公司发行，跟踪汇添富在上交所上市的沪深300ETF产品，标志着ETF互联互通机制首次在南美 市场落地，南美市场投资者能够通过更加便捷、高效的跨境投资渠道，分享中国经济发展成果。(智通 财经) ...

智通财经5月26日电，乌兹别克斯坦外交部长赛义多夫与巴基斯坦副总理兼外长达尔25日通电话，就两 国关系以及乌兹别克斯坦-阿富汗-巴基斯坦铁路项目进行了讨论。赛义多夫在社交媒体上发文说，他与 达尔当天举行电话交谈，双方强调两国外交部将继续密切合作，以推动落实两国领导人达成的各项协 议。双方还就加强双边关系、扩大贸易往来、推进区域互联互通等议题交换了意见，其中包括乌兹别克 斯坦-阿富汗-巴基斯坦铁路项目。巴基斯坦外交部在社交媒体上表示，达尔与赛义多夫在通话中讨论了 双边关系，特别讨论了乌兹别克斯坦-阿富汗-巴基斯坦铁路项目。双方表示希望区域互联互通项目的框 架协议能尽快完成。此外，双方还就当前地区局势交换了意见。 乌兹别克斯坦与巴基斯坦外长通话讨论三国铁路项目 ...

Group 1 - The 2025 Dwater Lake Advanced Financial Academy anniversary conference aims to promote emerging financial talent cultivation and academic research innovation, serving national development and regional functional area construction [1] - The academy has established a strategic position in emerging financial education and research, focusing on financial technology and exploring educational paths under institutional openness [1] - The Lingang New Area is a national strategic focus area, promoting high-quality financial development and aiming to build Shanghai's financial "third pole" [1] Group 2 - The global reserve currency supply and international balance of payments imbalance create the "new Triffin dilemma," necessitating a more inclusive and stable international monetary system [2] - The transition from a "dollar-asset anchor" to a "multi-dimensional-institutional anchor" is underway, with an emphasis on enhancing market depth and institutional trust for RMB internationalization [2] - The need for improved transaction transparency and regulatory data sharing is highlighted to prevent cross-border arbitrage and insider trading risks [2]

香港保险业监管局表示，有关制度为寻求迁册来港的公司，提供简单且具成本效益的框架，香港保监局 将刊发通函，为有意迁册至香港的获授权保险公司提供指引。 香港保监局指出，本地具规模但在海外注册的保险公司，一直热切期待有关制度落实，它们选择香港作 为据点，显示业界力求捕捉粤港澳大湾区互联互通带来的庞大机遇。 特区政府财经事务及库务局局长许正宇网志文章表示，环球政经局势和国际市场规管发展持续不确定， 让香港的优势更加突出。迁册来港将有助企业应对外在营商环境不利因素；与此同时，经迁册公司会成 为本地市场的新发展动能，巩固香港的"超级联系人"及"超级增值人"的独特角色。 许正宇提到，已经有公司反映正积极筹备申请迁册来港。他表示，下一步，财库局会与香港投资推广 署、港交所及香港经济贸易办事处合作对外宣传推广，吸引在外地注册的香港主要上市公司以及其他外 地企业用足用好公司迁册机制，从而发挥机制的最大效益。 香港特区政府23日宣布，《2025年公司（修订）(第2号）条例》今日刊宪生效。由即日起，在香港以外 地区成立的公司可向公司注册处申请迁册来港。 香港特区政府表示，一般情况下，公司注册处会在申请人递交所有所需文件和资料的两星期 ...

Core Insights - The meeting focused on enhancing the internationalization of Shenzhen's financial market and facilitating cross-border financing for local enterprises through listings on the Singapore Exchange [1][3] Group 1: Singapore Exchange's Role - The Singapore Exchange (SGX) is recognized as a vital financial infrastructure for Chinese companies seeking international capital, offering a comprehensive listing framework that includes various structures such as red-chip and VIE [2] - SGX aims to attract more high-quality Chinese enterprises for listings, providing extensive support and enhancing its secondary listing mechanisms for companies already listed in Hong Kong, mainland China, and the U.S. [2] Group 2: Shenzhen's Financial Landscape - Shenzhen is positioned as a significant global financial center, with a robust industrial base and a strong emphasis on financial reform and technological innovation [3] - As of April 2025, Shenzhen has a total of 583 listed companies, ranking second in total market capitalization nationwide, with 423 on the A-share market and 160 listed abroad [3] Group 3: Local Government Initiatives - The Shenzhen Municipal Financial Committee is actively supporting high-quality enterprise development through initiatives like venture capital and private equity, aiming to enhance the listing success of local companies [3] - The Futian District, as a financial hub, houses nearly 60% of Shenzhen's licensed financial institutions and has a significant share of the city's venture capital management [4] Group 4: Collaborative Opportunities - Representatives from financial institutions and enterprises discussed practical issues such as ETF connectivity, bond market collaboration, and cross-border fundraising, aiming to strengthen capital flow and mutual benefits between Shenzhen and SGX [4]

Core Insights - The article highlights the significant advancements and innovations made by Macau Pass in the mobile payment sector, emphasizing its role as a leader in Macau's digital economy [3][5][7] Group 1: Innovations in Mobile Payment - Macau Pass has evolved from a public transport payment solution to a comprehensive mobile payment platform, covering nearly 30,000 consumption scenarios across Macau [5][9] - The introduction of the MPay platform has allowed Macau Pass to integrate various services, making it a Super App with approximately 1.5 million registered users [7][11] - The company has implemented NFC technology for dual recharge capabilities between electronic wallets and physical cards, enhancing user convenience [5][9] Group 2: Interconnectivity and Regional Integration - Macau Pass is actively participating in the Greater Bay Area's integration strategy, connecting with over 300 cities in mainland China and facilitating seamless travel for residents and tourists [9][11] - The launch of the "Macau Pass - National Universal Card" and the integration with Hong Kong's MTR system exemplifies its commitment to enhancing cross-border transportation [9][11] - The company has also established a cross-border consumption zone on the MPay platform, integrating popular mainland apps to facilitate spending for Macau residents traveling north [11][13] Group 3: Economic Contributions and Ecosystem Development - Macau Pass plays a crucial role in supporting local economic growth by providing a digital payment infrastructure that covers 90% of local merchants [13][15] - The company has partnered with various stakeholders, including Sands China and Alipay, to enhance payment efficiency and drive transaction volumes in the tourism sector [15][16] - By leveraging digital payment solutions, Macau Pass is contributing to the development of Macau as a world tourism and leisure city, facilitating a diverse economic landscape [18][19]

国内市场综述 震荡走强 延续上涨 周三（5 月 21 日）大盘震荡走强，延续上涨。截至收 盘，上证综指收于 3387.57 点，上涨 0.21%；深成指 收于 10294.22 点，上涨 0.44%；科创 50 下跌 0.22%； 创业板指上涨 0.83%，万得全 A 成交额共 12144 亿元， 较前一日略有上升。 新闻精要 1. 金融监管总局等八部门联合印发《支持小微企业融 资的若干措施》 2. 成都：发展免税经济 推动市内免税店年内建成投 运 3. 商务部新闻发言人就美国企图全球禁用中国先进 计算芯片发表谈话 4. 中国与东盟十国全面完成中国—东盟自贸区 3.0 版 谈判 5. 特朗普宣布建造"金穹"导弹防御系统 外交部回 应 6. 全球重要经济数据发布 行业方面，30 个中信一级行业有 13 个行业收涨，其 中煤炭、有色金属、电力设备及新能源涨幅居前，而 综合金融、电子及传媒则跌幅较大。概念方面，黄金 珠宝、航空运输精选及动力电池等指数表现活跃。 海外市场综述 美国三大股指全线收跌，大型科技股普跌 周三（5 月 21 日），美国三大股指全线收跌，道指跌 1.91%，标普 500 指数跌 1.61%，纳 ...