Group 1 - The "Bamin Trade Promotion Loan" product was launched, providing a financing quota of 100 billion yuan for foreign trade enterprises [2] - The product is a collaboration between the Fujian Provincial Council for the Promotion of International Trade and the Bank of Communications Fujian Branch, aimed at small and micro foreign trade enterprises [2] - The financing service is characterized by being purely credit-based, fully online, and offering low interest rates [2] Group 2 - The Fujian Provincial International Chamber of Commerce's work report for 2024-2025 was approved, highlighting significant achievements in promoting origin certificate facilitation and organizing enterprises for market expansion [3] - In 2024, the trade promotion system issued 191,000 origin certificates, with 145,000 issued from January to September, achieving a "one-stop" service for enterprises [3] - The chamber organized over 1,800 enterprises to participate in more than 240 domestic and international exhibitions, resulting in nearly 700 million yuan in on-site contracts [3] Group 3 - The meeting established four specialized committees focusing on "going out," cross-border e-commerce, overseas exhibitions, and supply chains to enhance international market competitiveness for member enterprises [4] - These committees will facilitate industry exchanges and provide professional support [4]

11月25日，"龙腾四海 商通全球"龙岗区服务企业国际化发展大会暨深圳中小企业出海会客厅启用仪式 在深圳市龙岗区企业国际化服务基地举行。本次活动由工业和信息化部中小企业发展促进中心、深圳市 商务局、深圳市中小企业服务局联合指导，龙岗区人民政府主办。 采写：南都N视频记者 颜鹏 深圳中小企业出海会客厅的启用，为企业出海添上"关键一翼"。作为工业和信息化部"中国中小企业服 务网"出海资源的线下载体，该会客厅可直接链接全球127个国家和地区、21400多个海外园区及合作载 体，凭借遍布全球的渠道网络，为企业提供稳定的海外订单发布、国际合作对接资源。"过去我们找海 外订单像'大海捞针'，现在有了会客厅，相当于有了'全球订单对接站'，心里更有底了。"深圳新蕊科技 有限公司总裁宋炜说。 此次活动中，龙岗区以"资源聚合"为核心，通过签约合作、订单发布、机构推介等举措，为企业编织起 一张覆盖"服务、订单、市场"的全球合作网络。 活动现场，龙岗区商务局与亚太国际仲裁院（香港）、香港经济导报社、深圳信息职业技术大学、金蝶 软件（中国）有限公司、"一带一路"环境技术交流与转移中心、1688平台出海服务机构集中签约。这一 动作背后， ...

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report - Despite the impact of Sino - US trade frictions this year, China's exports have maintained resilience. From January to October 2025, the US - dollar - denominated export value increased by 5.30% year - on - year, higher than 5.21% in the same period last year. However, the export growth rate may decline slightly next year, with the annual export year - on - year growth rate expected to slow to around 2% and showing a trend of being lower in the first half and higher in the second half [1][3][8]. 3. Summary According to the Directory 3.1 Current Export Support Items - **Regional Perspective**: Amid trade frictions, China's export share to the US and Japan has decreased year by year, while the share to ASEAN, India, Russia, Africa, and Latin America has increased. From January to October 2025, exports to the US dragged down the overall export growth rate by 2.02 percentage points, while ASEAN, Africa, and the EU became the main drivers of export growth, with export growth rates of 14%, 26%, and 8% respectively, and export pulling rates of 2.51%, 1.52%, and 1.14% respectively [11]. - **Product Category Perspective**: Capital goods such as mechanical and electrical products, high - tech products, integrated circuits, automobiles (including chassis), ships, and mechanical equipment are the main categories driving export growth. From January to October 2025, exports of ships, integrated circuits, automobiles (including chassis), and liquid crystal flat - panel display modules achieved double - digit high growth. In contrast, exports of mobile phones, labor - intensive goods, and real - estate - related post - cycle goods showed negative growth, indicating a possible change in China's industrial structure [15]. 3.2 Reasons for Export Resilience 3.2.1 Enterprise Outbound Expansion Drives Exports - From January to October 2025, capital goods exports maintained a high growth rate, with ships and general mechanical equipment driving export growth by 0.4 and 0.1 percentage points respectively. There is a positive correlation between the year - on - year growth of listed companies' overseas revenues and exports, as well as between China's outward direct investment flow and total export year - on - year growth. From 2015 - 2024, the average annual compound growth rate of exports driven by outward investment was significantly higher than that of overall exports (7.6% vs 5.2%), with an average proportion of 5.7% in overall exports and an average pull of 0.7 percentage points on overall exports. Investment in different countries also corresponds to the growth rate differences of exports of different product types to these countries [2][21][27]. 3.2.2 Re - export Trade Affects Export Country Structure - During the trade friction, the US imposed significantly higher tariffs on China than on ASEAN countries, prompting Chinese enterprises to seek Southeast Asian re - export trade to avoid high tariffs. From 2018 - 2019 and during the current trade friction, China's exports to the US decreased significantly, while exports to ASEAN and US imports from ASEAN increased significantly, indicating that re - export trade may have offset the decline in exports to the US to some extent and supported the overall export growth rate [43]. 3.2.3 Demand Growth in Some Importing Countries Supports High Export Growth - Benefiting from the mild economic recovery in the EU, the EU's import growth rate has rebounded. Since the second half of 2024, driven by interest rate cuts, defense, and infrastructure investment, the EU's GDP growth rate has remained at around 1.5%, and the year - on - year growth rate of the industrial production index has been in the positive range since February 2025, driving the EU's import growth rate from - 5% in 2024 to 4% this year. Vietnam's GDP growth rate has continued to rise this year, with the cumulative GDP growth rate in the first three quarters reaching 7.85%. Investment and consumption have also maintained high growth rates, driving China's cumulative exports to Vietnam from January to October to increase by 22.3% year - on - year [47][50]. 3.2.4 Increase in China's Import Share in Africa and Other Regions - From 2019 - 2024, the average annual compound growth rate of Africa's imports was only 5%, but the average annual growth rate of Africa's imports from China reached 10%. China's share in Africa's imports increased from 17.1% in 2019 to 21.6% in 2024, with an average annual increase of 0.9 percentage points. The reasons for the share increase include large - scale infrastructure investment in Africa, high price competitiveness of Chinese export products, zero - tariff policies for 53 African countries, and successful market expansion by Chinese exporters [54]. 3.3 Export Outlook - Although exports have maintained resilience due to multiple factors, the export growth rate may decline slightly next year. The factors supporting export resilience may weaken, and the support for next year's exports may decrease. Using a fitting model to estimate next year's export growth rate, it is expected to slow to around 2% [3][59][62].

Core Insights - The company, HeRuiDe (Shandong) Intelligent Technology Co., Ltd., has successfully expanded its international market presence, achieving a doubling of foreign trade order volume this year [1][3]. Group 1: Company Overview - HeRuiDe is the first intelligent equipment manufacturing enterprise for aerial work platforms in Liaocheng, focusing on producing scissor lifts and boom lifts [1][3]. - The company has invested over 50 million yuan in research and development and has established partnerships with Dalian University of Technology and Harbin Institute of Technology [3]. Group 2: Product and Technology - The company has applied for five technology patents and its products have received certifications from the National Construction Machinery Quality Supervision and Inspection Center (CMTC) and the EU CE certification, indicating international leading standards in safety and operational efficiency [3][5]. - Each product undergoes rigorous quality control, including 50,000 fatigue tests and extreme condition tests such as climbing, pit falling, and rollover [5]. Group 3: Market Performance - HeRuiDe's products have successfully entered markets in the Americas, Europe, the Middle East, Southeast Asia, and Australia, with the tracked aerial work platform market share ranking among the top three in China [5]. - The company has a total investment of 395 million yuan, occupies 100 acres, and has an annual production capacity of 20,000 units, with projected revenue of 1 billion yuan upon reaching full capacity [7]. Group 4: Strategic Goals and Support - The company aims to optimize its product structure and develop specialized vehicles such as boom lifts and obstacle-clearing vehicles, with a goal to enter the top tier of the industry within three years [7]. - Local government support has been crucial, implementing strategies to enhance manufacturing quality and facilitating communication between government and enterprises [7].

Core Viewpoint - The article discusses the structural rise of the Japanese stock market during the "lost two decades" post-1990, emphasizing that despite overall economic stagnation, there were significant structural changes and investment opportunities within the market [3][4]. Group 1: Structural Market Changes - Japan experienced a structural rise in its stock market driven by economic transformation, including increased overseas exposure, high-tech leadership, and improved corporate governance [3][4]. - The "new economy" sectors, excluding the "old economy" sectors heavily exposed to real estate and deflation, showed a strong upward trend post-1990, particularly in industries such as industrial, technology, communication, and even consumer sectors [3][12]. - The Nikkei index recorded negative returns overall, but the "new economy" index achieved an annualized compound return of 7.3%, outperforming other Asian countries and aligning closely with global averages excluding the U.S. [12][14]. Group 2: Overseas Exposure - Japan's export growth continued post-1990, with the export-to-GDP ratio rising from 10% in the early 1990s to 20% before the global financial crisis, with industrial goods and capital equipment making up a significant portion [24][26]. - Outward Direct Investment (ODI) increased significantly, from 0.3% of GDP in 1993 to 2.2% in 2008, with manufacturing being the primary focus, particularly in high-end sectors [26][29]. - The increase in ODI led to a rise in overseas production and sales, with overseas branches contributing over 30% to the revenue of Japanese manufacturing firms [31][32]. Group 3: High-Tech Leadership - Japan maintained a strong position in high-tech sectors despite domestic economic stagnation, with high-tech product exports consistently accounting for over 85% of total exports since the 1990s [42][44]. - R&D investment as a percentage of GDP rose from 2.5% to over 3%, surpassing the OECD average, indicating a commitment to innovation and technological advancement [42][44]. - Labor productivity in manufacturing increased by 50% during the "lost decade," reflecting the positive impact of high-tech industries on overall economic performance [51][53]. Group 4: Corporate Governance Improvements - Post-1990, Japan's corporate governance underwent significant changes, with an increase in foreign investor participation leading to a focus on profitability and shareholder returns [60][62]. - Reforms in corporate governance included lowering litigation costs for minority shareholders, aligning management compensation with company performance, and allowing stock buybacks, which improved shareholder value [63][67]. - The financial health of "new economy" sectors improved significantly, with return on equity (ROE) surpassing that of "old economy" sectors, indicating a shift towards more sustainable and profitable business practices [69][70]. Group 5: Stable Capital Inflows - Stable capital inflows, particularly from long-term and overseas investors, provided essential support for the structural rise of the Japanese stock market [74][76]. - The proportion of overseas funds in the Japanese stock market increased significantly post-bubble, contributing to improved corporate governance and performance [76][80]. - Long-term funds, especially from insurance and pension sectors, remained stable, while domestic retail investor participation declined, highlighting a shift in market dynamics [74][79].

互动环节，吴烨娴举手提问："我们是研发型中小企业，面对海外业务中保密协议一大堆，请涉外律师 审核成本太高，怎样才能有效平衡成本和风险？" 这句话瞬间引起不少在场企业代表的共鸣。"企业合规成本可比不合规的代价小多啦！我们常用的'中国 法务初审+海外法务补充'模式专业又高效。"涉外律师陈芍开笑着回应。 "在跨境业务中遇到行业垄断问题咋解决？""遇到海外发生的内部腐败如何得到司法保护？"……"自贸 检察会客厅"里，企业代表们接连抛出疑问，检察官们逐一解答。 企业出海，法治为基。苏州工业园区检察院将护航企业出海作为涉外检察工作新的着力点，首创一次原 因分析、一份防范建议、一轮堵漏建制、一份警示记录、一堂法治宣讲和一次回访评估的"六个一"企业 防案顾问工作机制。今年4月以来，该院已为18家本土国际化企业提供反垄断、防范内部贪腐、商业秘 密保护等法治顾问服务，向200余家上市公司、科创企业送达《企业刑事风险防范提示》。 □ 本报记者卢晓琳 11月18日，苏州自贸片区产权检察保护中心沙龙里，近20家企业代表、人大代表、涉外法治专家以及江 苏自贸"三区四院"检察工作联盟干警代表、苏州工业园区检察院涉外检察工作团队围坐在一起， ...

2025年11月20日下午，江苏银行在南京成功举办"苏银跨境·扬帆出海"助力中资企业出海系列之"走进上 海自贸区""走进中亚"专场活动。活动邀请江苏省商务厅、上海市浦东新区商务委员会、苏豪控股集 团、哈萨克斯坦贸易政策发展中心南京办事处等单位领导与行业专家，与百余名中资企业家代表共聚一 堂、共话出海。 上海自贸区是企业链接全球资源、拓展国际市场的重要枢纽，中亚地区是企业开拓新兴市场、深化经贸 合作的潜力蓝海。本次"走进上海自贸区""走进中亚"专场活动是江苏银行助力中资企业出海系列活动的 第二站，通过串联多方资源、聚合多维服务，旨在精准回应企业对接上海自贸区政策、开拓中亚市场的 核心诉求，护航企业稳健"走出去"。 江苏银行行长袁军在致辞中表示，江苏银行将以本次活动为新起点，在抢抓浦东自贸区政策机遇的道路 上，在开拓中亚蓝海的航程中，在服务"十五五"发展大局的进程中，与中资出海企业全程相伴，共同把 握时代机遇、书写合作共赢的新篇章。 活动现场，国泰海通证券首席宏观分析师梁中华先生以《决胜于"价"——2026年宏观年度展望》为题发 表主题演讲，为企业战略决策与全球布局打开宏观视野。上海市浦东新区商务委员会党组成员、 ...

上海自贸区是企业链接全球资源、拓展国际市场的重要枢纽，中亚地区是企业开拓新兴市场、深化经贸 合作的潜力蓝海。本次"走进上海自贸区""走进中亚"专场活动是江苏银行助力中资企业出海系列活动的 第二站，通过串联多方资源、聚合多维服务，旨在精准回应企业对接上海自贸区政策、开拓中亚市场的 核心诉求，护航企业稳健"走出去"。 江苏银行行长袁军在致辞中表示，江苏银行将以本次活动为新起点，在抢抓浦东自贸区政策机遇的道路 上，在开拓中亚蓝海的航程中，在服务"十五五"发展大局的进程中，与中资出海企业全程相伴，共同把 握时代机遇、书写合作共赢的新篇章。 2025年11月20日下午，江苏银行在南京成功举办"苏银跨境·扬帆出海"助力中资企业出海系列之"走进上 海自贸区""走进中亚"专场活动。活动邀请江苏省商务厅、上海浦东新区商务委员会、苏豪控股集团、 哈萨克斯坦贸易政策发展中心南京办事处等单位领导与行业专家，与百余名中资企业家代表共聚一堂、 共话出海。 活动特邀苏豪控股集团党委委员、副总裁丁海先生发表主旨演讲，深入介绍中国-中亚贸易畅通合作平 台，为企业对接中亚市场提供一站式、全方位支持。哈萨克斯坦贸易与一体化部贸易政策发展中心南京 ...

在吴泽云看来，中国企业"出海"遇到的金融挑战主要来自三方面：一是需要在当地找到合适的金融机构支持企 业的融资、结算等金融需求。对中国企业来说，天然希望能与中资银行合作，但目前中资银行在海外的业务触 角仍较为有限，所能提供的金融服务的广度深度不够。二是中国企业在当地纳税、给当地雇员发工资等基本的 银行账户服务需要找到合适的银行提供，因为有些银行受限于业务资质和当地监管要求，并不能提供此类业 务。三是一些国家受外汇储备有限、跨境资本管制等影响，货币兑换和资金跨境汇出有一定限制。 "为解决集团'出海'所面临的金融需求困难，我们的角色就是要发挥金融桥梁的作用，提前了解当地金融业情 况，建立合作银行白名单，服务好集团'走出去'战略。" 吴泽云称。 作为企业集团的内部金融机构，财务公司是中国金融领域的小众分支。2022年至2024年一系列监管政策更 新升级，旨在引导财务公司回归服务集团的主业，强化内部金融服务属性，这一群体也迎来转型发展的重 要变革期。 证券时报·券商中国记者近日随中国财务公司协会调研团走访多家财务公司了解到，今年以来，随着不符合新 监管要求的旧业务逐步压降清退完毕，财务公司重新"轻装上阵"，更多聚焦保障 ...

Group 1: Market Opportunities - Southeast Asia, Africa, and the Middle East are identified as the most promising markets for Chinese companies in the next three years [1] - The construction and engineering sector shows the highest optimism for Southeast Asia, with 71% of respondents expressing positive outlooks [1] - Healthcare (67%) and information technology and software (65%) sectors also demonstrate strong interest in Southeast Asia [1] - Retail e-commerce (63%) is strategically focusing on the Latin American market, while energy and utilities companies are paying attention to the Middle East and Central Asia (approximately 30% each) [1] Group 2: Trade Statistics - Shenzhen's total import and export volume reached 3.74 trillion yuan in the first ten months, a slight decrease of 0.2% year-on-year, maintaining its position as the leading city in mainland China [2] - Imports amounted to 1.47 trillion yuan, reflecting a year-on-year increase of 6.8%, while exports totaled 2.27 trillion yuan, showing a decline of 4.3% [2] Group 3: Regulatory Changes - A new regulation from multiple Chinese departments will enhance management of second-hand vehicle exports, requiring additional documentation for vehicles registered less than 180 days before export starting January 1, 2026 [3] Group 4: E-commerce Developments - Germany will impose a 23% VAT on all cross-border e-commerce small packages from China starting November 24, 2025, eliminating the previous exemption for goods valued under 22 euros [4] - Pinduoduo's CEO acknowledged the uncertainties in global business operations due to changing regulatory policies across different countries [5] - Alibaba International Station launched an AI Mode to automate cross-border e-commerce procurement processes for global SMEs [6] - AliExpress Brazil set a record for single-day sales on November 11, surpassing competitors and achieving three times the sales compared to the August promotion [7] Group 5: Environmental Initiatives - Didi's Brazilian platform 99 has expanded its electric vehicle services to five major cities, with over 30,000 electric and hybrid vehicles registered, significantly reducing carbon emissions [11] Group 6: Financial Performance - Walmart reported third-quarter revenue of $179.5 billion, a year-on-year increase of 5.8%, driven by strong e-commerce growth in both the U.S. (28%) and international markets (26%) [12] - The company raised its full-year sales growth guidance to 4.8%-5.1% [12] Group 7: Logistics Expansion - Cainiao has launched a cross-border small package service to Africa, initially covering eight countries and planning to expand to South Africa and Egypt by the end of December [13]