12月10日至11日，第六届"海洋合作与治理论坛"在海南三亚隆重召开。海南大学一带一路研 究院资深研究员、台湾中华妇女联合总会主任委员雷倩在"向海图强：蓝色伙伴关系与海南 自由贸易港建设"的分论坛上发表演讲，从地缘经济秩序、全球治理平台等角度畅想海南自 贸港的未来愿景。 本文整理自现场发言及会议摘要，未经本人审阅，仅供读者参考。 【文/雷倩】 2025年12月18日，海南自由贸易港（FTP）正式启动封关运作。这是南海地缘经济的重大转折点。 作为中国首个自由贸易港——关税大幅减免、通关高度便利、资本流动宽松、数字贸易规则扩容——海 南被定位为"海上丝绸之路"中一个民用、开放、以发展为导向的枢纽，海南的制度型开放，再叠加其雄 厚的海洋、生态能力，有望将南海叙事从"安全对抗"扭转为"合作发展"。 海南洋浦国际集装箱码头 新华社 "涨海声中万国商"，历史上南海本是一条商贾云集的海上走廊。明、清时期，海南、广东、越南、吕宋 与马来等地凭借密集的贸易网络互通有无，形成了"共享海域、共享生计"的传统，这一遗产凸显了南海 作为商业与流动性空间的角色。 2024年3月18日，历时近两年，由中国铁建旗下中铁建设集团参与改造施工的 ...

Core Insights - The Atum Solar Egypt project has officially commenced with a groundbreaking ceremony, marking a significant step in Egypt's solar energy sector [1] - The project is set to cover an area of approximately 200,000 square meters with an expected investment of $220 million, aiming to produce 2 gigawatts of photovoltaic cells and components annually [1] - The initiative is part of Egypt's strategy to localize its photovoltaic industry and transition towards renewable energy, contributing to carbon emission reduction [1] Investment and Economic Impact - The total investment for the Atum Solar project is projected at $220 million [1] - The facility aims to generate 2 gigawatts of solar energy production each year, enhancing Egypt's renewable energy capacity [1] Strategic Goals - The project represents a strategic move towards the localization of Egypt's photovoltaic industry, aligning with global trends in renewable energy [1] - The Suez Canal Economic Zone is actively pursuing a transition to a green economy, reflecting a broader commitment to sustainable development [1]

峰会台湾方面副理事长毛治国在总结发言中表示，"十五五"规划建议提出，"建设现代化产业体系""加 快高水平科技自立自强""建设强大国内市场""加快经济社会发展全面绿色转型"，将为两岸企业扩大升 级合作开辟极为广阔的新空间。峰会将以新思维应对新形势，积极引领两岸产业聚焦人工智能、高端制 造、绿色经济、新能源汽车等新兴产业领域，建构合作新策略、新模式，提升两岸产业的融合层次，推 进两岸企业携手共进、再创巅峰。 本报讯(记者刘浏)12月17日，2025两岸企业家峰会年会在南京圆满闭幕。与会嘉宾围绕"聚焦转型创新 深化多链合作"主题展开交流，分享工作经验，探讨两岸合作新模式。总结大会上，两岸企业家峰会八 个产业合作推进小组陆方召集人或副召集人分别作工作报告，总结过去一年工作成果，提出明年设想。 ...

Core Insights - The article emphasizes the strengthening of cooperation between China and ASEAN, highlighting the resilience of their partnership amid global uncertainties and challenges [1][2]. Economic Cooperation - ASEAN has become China's largest trading partner, with trade volume reaching 6.82 trillion yuan, a year-on-year increase of 8.5% [2]. - In the first ten months of the year, trade in agricultural and food products between China and ASEAN amounted to 51.3 billion USD, growing by 8.9% [2]. - The China-ASEAN Free Trade Area has been upgraded to version 3.0, covering nine areas including digital economy, green economy, and supply chain connectivity [4][5]. Cultural Exchange - The China-ASEAN Cultural Exchange Year concluded successfully, with nearly 200 high-level events held to promote mutual understanding and social connections [6]. - Initiatives such as visa exemptions between China and several ASEAN countries have facilitated easier travel and cultural exchange [6]. Future Outlook - Looking ahead to 2026, there is optimism for further strengthening of the comprehensive strategic partnership between China and ASEAN, aiming for a peaceful and prosperous region [7].

Core Viewpoint - The non-ferrous metal sector showed strong performance on December 17, with the leading non-ferrous metal ETF (159876) rising over 3.8% during the day and closing up 3.27%, indicating positive market sentiment towards the sector [1][10]. Fund Flows - The non-ferrous metal ETF attracted significant capital, with a single-day inflow of 10.13 million yuan and a total of 198 million yuan over the past 20 days, reflecting investor confidence in the sector's future performance [1][10]. Stock Performance - Lithium stocks surged, with Shengxin Lithium Energy hitting the daily limit, Zhongmin Resources rising over 8%, Tianqi Lithium increasing by 6%, and Ganfeng Lithium up nearly 5%. In the lead zinc sector, Guocheng Mining also hit the daily limit, while Xingye Silver Tin rose over 6%. In the aluminum sector, Zhongfu Industrial increased by over 5%, Huafeng Aluminum by over 4%, and China Aluminum by over 3% [3][12]. Macro Factors - In the macroeconomic context, the U.S. added 64,000 non-farm jobs in November, with the unemployment rate unexpectedly rising to 4.6%, the highest in four years. This weak job market increases the likelihood of interest rate cuts by the Federal Reserve, which could support non-ferrous metal prices [4][13]. Industry Insights - Lithium carbonate futures saw a significant spike, rising over 8% to reach 109,860 yuan/ton. The cancellation of 27 mining licenses may impact the supply-demand dynamics of lithium, potentially driving prices higher. CITIC Securities expressed optimism about copper, aluminum, and gold as key investment options, citing limited new copper capacity and increasing demand from renewable energy and AI data centers [5][14]. Investment Strategy - Given the current market conditions and geopolitical tensions, non-ferrous metals are viewed as core assets for medium to long-term investment. The non-ferrous metal ETF (159876) and its linked funds provide comprehensive exposure to various metals, allowing for risk diversification compared to investing in single metal sectors [6][14].

Core Viewpoint - The seventh meeting of the China-Morocco Economic, Trade and Technology Joint Committee was held in Beijing, highlighting the ongoing development of bilateral relations and economic cooperation between China and Morocco under the strategic guidance of their leaders [2][3]. Group 1: Bilateral Relations - The relationship between China and Morocco continues to develop positively, with significant achievements in bilateral economic and trade cooperation [3]. - The meeting serves as a practical action to implement the important economic consensus reached by the leaders of both countries [3]. Group 2: Economic Cooperation - Both parties expressed a commitment to strengthen strategic alignment and deepen cooperation in trade, investment, and green economy sectors [3]. - Morocco emphasizes the importance of enhancing cooperation with China and aims to establish a mutually beneficial partnership [3]. Group 3: Outcomes of the Meeting - The meeting evaluated the achievements since the last Joint Committee meeting, focusing on promoting sustainable and healthy bilateral trade development, expanding investment cooperation, and strengthening supply chains and emerging fields [5]. - A joint meeting summary was signed by both parties after the discussions [5].

碳中和50ETF（159861）涨超1.7%，储能需求与固态电池进展引关注。 招商证券指出，储能需求爆发带动传统锂电扩产加速，政策驱动下国内新能源配储需求提升，2027年全 国新型储能装机目标1.8亿千瓦，海外市场如北美、欧洲及东南亚需求持续增长，数据中心等新场景也 催生配储需求。固态电池产业化持续推进，固固界面问题是核心难点，产业链通过引入碘离子、等静压 设备迭代、ALD技术等解决方案推动工艺成熟，预计2025年底至2026年初开启中试线招标。2025年锂 电设备板块景气复苏，储能需求接力驱动行业回暖，固态电池商业化进程加速将打开设备百亿市场空 间，设备环节有望率先受益。 （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），该指数从沪深市场中选取在环境保护、清洁 能源等领域表现突出的50家上市公司证券作为指数样本，以反映绿色经济相关行业的整体表现。环保50 指数覆盖了污染治理、节能服务、新能源开发等多个细分领域，旨在为关注可持续发展和绿色投资的投 资者提供参考。 ...

Core Viewpoint - The EU's Carbon Border Adjustment Mechanism (CBAM) will be implemented on January 1, 2026, serving as a geopolitical tool to transfer internal carbon costs to global supply chains, significantly impacting the competitiveness of the chemical industry [1] Group 1: Impact on the Chemical Industry - The CBAM aims to create a "green buffer" for EU chemical companies, particularly basic chemicals and polymer producers, who face the highest carbon prices globally at approximately €80 per ton, thus balancing the burden on domestic manufacturers [1] - The mechanism may lead to a strategic adjustment in the global chemical and petrochemical sectors, as it directly affects cost structures, trade flows, and technological innovation [3][4] Group 2: Global Response and Trade Dynamics - Major chemical exporting countries like China, the Middle East, the US, and India may opt for "trade flow reconfiguration" rather than immediate capital-intensive low-carbon transformations in response to the additional costs imposed by CBAM [2] - High carbon intensity chemical products are likely to shift towards markets in Asia, Africa, and Latin America, where environmental standards are less stringent, potentially leading to "carbon leakage" without a net reduction in global carbon emissions [2] Group 3: Technical and Geopolitical Challenges - The uncertainty surrounding CBAM lies in its complex technical execution, particularly in setting "default emission values" for various chemical products, which may lead to distortions in carbon pricing and undermine the mechanism's effectiveness [2] - The geopolitical backlash is evident, with the US expressing dissatisfaction, prompting the EU to consider providing "additional flexibility," indicating internal divisions within the Western bloc regarding climate policy tools [3] Group 4: Future Implications - The implementation of CBAM may not lead to the expected technological convergence and accelerated emissions reductions, but rather push the global chemical industry into a more regionalized and uncertain strategic era [4] - The industry's low-carbon future will depend on global collaboration in technological innovation and the establishment of mutual recognition standards, rather than solely relying on a border tax mechanism [4]

2025深圳全球招商大会的余温未散，胡润全球榜单的发布再添新彩。12月16日，深圳福田再度成为全球 商业与创新领域的焦点——胡润研究院连续两年选择在此发布《胡润全球高质量企业TOP1000》榜单。 这份汇聚全球顶尖企业的"实力名录"，不仅揭示了全球经济发展的新趋势，更以数据印证了福田区日益 增长的国际影响力，让世界看见这座中心城区的澎湃活力与独特魅力。 在有关榜单中，金融服务业以249家上榜企业居行业首位，能源、生命健康、软件与服务等行业紧随其 后，成为全球经济增长的核心引擎。深圳以15家企业排名全球第11位，其中福田区招商银行、中国平安 保险、深圳地铁、中国广核、荣耀等5家企业强势上榜，占深圳上榜企业总数的三成，折射出福田与全 球发展趋势的同频共振。 "高质量"基因：福田成为全球优质企业"引力场" 数据见证硬核实力，福田为何能连续两年成为胡润全球榜单的发布地？答案藏在这片土地的"高质量基 因"中。 胡润集团董事长兼首席调研官胡润直言："福田的地均产出效率、产业集聚质量与营商环境生态，与我 们榜单倡导的'高质量'理念高度契合，这里是被数据验证过的优质企业生长沃土。" 福田的"亩产奇迹"令人瞩目。作为深圳的中心 ...

中央经济工作会议提出深化外商投资促进体制机制改革，这是扩大高水平对外开放的重要抓手。朱光耀 指出，目前我国已经全面取消制造业领域外资准入限制措施，服务业外资准入负面清单持续缩减。接下 来的工作重心，是推动外资企业在已开放领域实现"既准入又准营"，持续打造市场化、法治化、国际化 的一流营商环境。"在这种条件下，我们欢迎国外投资，同时也鼓励中国企业'走出去'。" 朱光耀表示，外商对中国人工智能和绿色经济领域的投资热情很高，美国华尔街近期不断调高对中国人 工智能领域的投资预期，正是看中了中国庞大的应用场景与发展潜力，也是国际资本对中国经济投下 的"信任票"。 尽管经济全球化遭遇逆流冲击，但大趋势从未改变。朱光耀强调，外商"引进来"与中国企业"走出去"， 仍是我国对外开放的基本态势。在此过程中，必须统筹好发展和安全，平衡好开放和安全，加强国际政 策协调，加快推动形成国际治理新框架。唯有如此，才能在风云变幻的国际经贸格局中站稳脚跟，以高 水平开放护航中国经济行稳致远，为构建人类命运共同体贡献更多中国力量。 "面向未来，中美两国作为全球两个最大经济体，应在两国元首的战略指引下，让中美关系这艘'大 船'沿着正确的航向前行， ...