Core Insights - The Bond Connect "Northbound" trading volume reached 915.6 billion RMB in May 2025, with a daily average of 48.2 billion RMB, reflecting a 30-fold increase since its launch [1] - The Bond Connect has been a significant milestone in China's financial market opening, facilitating foreign investors' access to the Chinese bond market [2][3] - The total trading volume for the "Northbound" channel in the first five months of 2025 was 4.66 trillion RMB, indicating high market activity and increased foreign participation [3] Group 1: Development and Growth of Bond Connect - The Bond Connect was launched in July 2017, marking an important step in China's financial market opening, with the "Southbound" channel introduced in September 2021 and the "Swap Connect" in May 2023 [2] - As of May 2025, foreign institutions held 4.35 trillion RMB in interbank market bonds, accounting for 2.6% of the total custody volume [2] - The number of foreign institutional participants in the bond market has increased, with 1,169 entities entering the market by May 2025 [2] Group 2: Market Impact and Investor Participation - The Bond Connect has diversified the types of bonds that foreign investors are willing to invest in, expanding beyond traditional government and policy bank bonds to include credit bonds and asset-backed securities [3] - The introduction of the "Swap Connect" has further enhanced the ability of foreign investors to manage RMB interest rate risks, with over 12,000 transactions and a nominal principal amount of approximately 6.5 trillion RMB by April 2025 [7] - The ongoing optimization of the Bond Connect mechanism, including a 60% reduction in service fees, has made it more attractive for foreign investors [6] Group 3: Future Prospects and Recommendations - Experts suggest that expanding the "Southbound" channel to include non-bank financial institutions could enhance global asset allocation opportunities and stimulate innovation in financial products [10][11] - The Bond Connect is expected to continue to play a crucial role in increasing market liquidity and facilitating the internationalization of the RMB [5][9] - There is a call for further simplification of the bond settlement process to improve the efficiency of transactions for foreign investors [11]

Core Viewpoint - Shandong Province has introduced a comprehensive action plan to stabilize foreign investment, featuring 20 high-quality measures aimed at enhancing the investment environment and promoting foreign capital inflow [2][3] Group 1: Measures to Expand Openings - The plan aims to leverage the new round of service industry expansion pilot in Qingdao, focusing on breakthroughs in cultural sectors such as film production [2] - It supports foreign enterprises in participating in segmented production of biological products and encourages clinical trials for overseas-listed cell gene drugs in Shandong [2] - The plan includes a "three-channel" approval process for registered applications of overseas-produced drugs transitioning to production in Shandong [2] Group 2: Investment Promotion Strategies - Shandong will create a matrix of major events, including the Qingdao Summit for multinational company leaders and various trade weeks, to enhance international influence [3] - The province will target major investment sources such as Europe, Singapore, Japan, South Korea, and Hong Kong, utilizing national platforms like "Invest in China" and the China International Import Expo for precise investment attraction [3] - Collaboration with central enterprises will be deepened to promote profit reinvestment, cross-border mergers and acquisitions, and innovative foreign investment methods in new energy and finance [3] Group 3: Enhancing Open Platform Efficiency - The province will implement a high-quality development action plan for development zones, focusing on precise investment attraction and monitoring of foreign capital operations [3] - A "Bonded+" new business model will be promoted in comprehensive bonded zones to strengthen the main battleground for utilizing foreign capital [3] - A regular scheduling mechanism for major foreign investment projects will be established, ensuring comprehensive tracking and support for projects with over $100 million in planned investment [3]

Group 1 - The core advantage of the socialist system with Chinese characteristics is the leadership of the Communist Party of China (CPC), which is seen as the highest political leadership force [1][5] - Under the CPC's leadership, China has achieved the goal of lifting 800 million people out of poverty, surpassing the United Nations' 2030 sustainable development agenda for poverty reduction [1] - The CPC's leadership is characterized by four key capabilities: strategic determination to maintain long-term goals, organizational ability to mobilize society, coordination among various levels of government and sectors, and policy stability in the face of challenges [1] Group 2 - The effective governance in China is closely related to the political system of multi-party cooperation and political consultation led by the CPC, which represents the fundamental interests of the broadest masses [2] - The spirit of focus on the people, as exemplified by the legacy of figures like Jiao Yulu, emphasizes the importance of being close to the masses and addressing their needs to gain their trust [2] - The CPC's long-term planning and high-level strategic thinking are noted as essential for creating a stable policy environment that attracts foreign investment [3][4]

受访业内人士认为，在国际环境复杂严峻，单边主义、保护主义抬头，严重冲击国际经贸秩序的背景 下，中国外贸保持平稳增长，既得益于中国坚定不移扩大高水平对外开放，积极推动外贸多元化发展； 也得益于中国产业高端化、智能化、绿色化发展，产品结构持续优化，市场竞争力不断增强；还得益于 中国积极助力外贸企业应对外部风险挑战，通过提升贸易便利化水平等措施，为外贸发展创造有利条 件。 扩大高水平对外开放多元化战略成效显著 无论国际形势如何变化，中国始终坚定不移扩大高水平对外开放。6月11日，习近平主席在致中非合作 论坛成果落实协调人部长级会议的贺信中表示，中国愿通过商签共同发展经济伙伴关系协定，落实对53 个非洲建交国实施100%税目产品零关税举措，同时为非洲最不发达国家对华出口提供更多便利。 据市场机构数据，5月份全球制造业PMI新出口订单指数低于荣枯线，连续2个月处在收缩区间，贸易保 护主义和不确定性对全球贸易增长的负面影响逐步显现。在这一背景下，今年前5个月，中国外贸继续 顶住压力，保持平稳增长，货物贸易进出口总值17.94万亿元，同比增长2.5%，展现出较强的韧性和国 际竞争力。 中国国际经济交流中心首席研究员张燕生对 ...

金十数据7月3日讯，当地时间2025年7月2日，中共中央政治局委员、外交部长王毅在布鲁塞尔同欧盟外 交与安全政策高级代表卡拉斯举行第十三轮中欧高级别战略对话。王毅说，中欧不存在根本利害冲突， 有着广泛共同利益。双方都支持多边主义和开放合作，都支持联合国核心地位和国际关系民主化，都坚 持通过对话和平解决争端。中方愿同欧方推动新一次中欧领导人会晤取得积极成果，为中欧关系未来发 展指明方向。卡拉斯表示，欧盟坚持一个中国政策，愿同中方筹备好新一次中欧领导人会晤，通过坦诚 沟通，增进相互了解，发展更具建设性的欧中关系，开展更为均衡、公平的经贸合作。 （外交部网 站） 中欧举行第十三轮高级别战略对话 ...

[重要提示] 登录新浪财经APP 搜索【信披】查看更多考评等级 1、南方中证AAA科技创新公司债交易型开放式指数证券投资基金（以下简称"本基金"）的发售已获中 国证监会2025年7月2日证监许可〔2025〕1385号文注册。 2、本基金类别为债券型证券投资基金，运作方式为交易型开放式。 3、本基金的基金管理人为南方基金管理股份有限公司（以下简称"本公司"），基金托管人为兴业银行 股份有限公司，登记结算机构为中国证券登记结算有限责任公司。 4、本基金自2025年7月7日至2025年7月18日进行发售。投资人可选择网上现金认购、网下现金认购2种 方式。本公司可根据基金销售情况调整基金发售时间，并及时公告。基金管理人可决定调整本基金的发 售方式或增加本基网下债券认购的发售方式，并在实施前依照有关规定在规定媒介上予以公告。 5、本基金募集对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境 外投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。 6、本基金网上现金发售通过深圳证券交易所内具有基金销售业务资格并经深圳证券交易所认可的会员 单位办理。 7、本基金网下现金认购通过基金管理 ...

记者从深圳市生态环境局获悉，深圳、东莞、惠州三市生态环境部门于近日联合印发《深圳都市圈生态 环境保护规划（2025—2030年）》（以下简称《规划》），这是广东省首个都市圈生态环境保护专项规 划，也是深圳都市圈"1+N"规划政策体系中的首个专项规划，为深圳都市圈生态环境共保共治明确 了"路线图"。 《规划》提出打造珠江流域环境协同治理典范、美丽都市圈建设示范样板、全球城市群绿色发展标杆三 大战略定位，以绿色转型发展为抓手，以科技创新为引领，构建深圳都市圈生态环境共保共治体系，着 力解决都市圈跨区域、跨流域生态环境问题，全方位、全地域、全过程加强都市圈生态环境保护。 对标深圳都市圈生态环境保护战略目标，《规划》针对性部署了七大重要领域30项重点任务，配套提出 42个重点项目。一是紧扣高质量发展首要任务，开篇设置共推绿色低碳发展专章，把握"一主两副一极 四轴"的深圳都市圈总体发展布局，形成都市圈绿色发展新格局。二是强化共保共治体制机制创新，通 过设置共抓生态环境保护、共守环境健康安全、共建环境治理体系章节，协同打造珠三角大气污染防治 样板，系统提升东江流域水生态环境质量，深入实施"四湾一口"陆海统筹综合治理，合力 ...

Core Viewpoint - The recent issuance of a total of $3.08 billion in QDII (Qualified Domestic Institutional Investor) quotas by the State Administration of Foreign Exchange represents a significant step in supporting cross-border investment by qualified institutions, reflecting China's commitment to financial market openness and enhancing investor confidence [1] Group 1: Impact on Financial Market - The expansion of QDII quotas promotes the two-way opening of China's financial market, enhancing its influence in the global financial system and signaling China's determination to integrate into the global financial landscape [2] - The QDII system, alongside the QFII (Qualified Foreign Institutional Investor) system, facilitates the dual flow of capital, optimizing global capital allocation and creating a new pattern of coordinated development between "bringing in" and "going out" [2] Group 2: Internationalization of Renminbi - Certain QDII products allow for investments in offshore RMB-denominated assets, which helps expand the use and acceptance of the Renminbi abroad, enhancing its attractiveness as an international investment currency [3] - The healthy development of the QDII system contributes to the steady rise of the Renminbi's status in the international monetary system [3] Group 3: Investor Demand and Asset Management - The growing demand for cross-border investment has led to an increase in the scale of QDII funds, with the latest net asset value reaching 654.28 billion yuan, reflecting investor recognition and demand for QDII products [4] - The issuance of new QDII quotas provides strong support for asset management institutions to meet the increasing global asset allocation and risk diversification needs of domestic residents [4] Group 4: Competitiveness of Domestic Financial Institutions - The recent QDII quota expansion allows financial institutions, particularly fund companies and brokerages, to enhance their international competitiveness and global asset management capabilities [5] - The expansion is not merely about increasing scale; it aims to guide domestic funds to invest abroad, fulfilling various investor needs while strengthening the integration of the Chinese economy into the global financial system [5]

越南国家媒体：越南将对美国汽车开放市场。 ...

Core Viewpoint - Vietnam has allowed the United States to fully enter its market, indicating a significant shift in trade relations and potential investment opportunities for U.S. companies [1] Group 1 - The decision by Vietnam to open its market to the U.S. could lead to increased economic collaboration and trade between the two nations [1] - This move may attract U.S. investments in various sectors, enhancing Vietnam's economic growth and development [1] - The opening of the market is seen as a strategic alignment with U.S. interests in the region, potentially impacting geopolitical dynamics [1]