Economic Growth and Financial System - Hong Kong's economy is expected to grow by 2% to 3% this year, marking a positive turnaround since the current administration took office [1] - The government aims to strengthen Hong Kong's financial system, regaining its position as the third global financial center according to the Global Financial Centers Index [1] Stock Market Enhancement - The Hang Seng Index has risen over 20% since the beginning of the year, with average daily trading volume nearing 250 billion HKD, almost doubling from last year [2] - New stock fundraising has reached over 130 billion HKD by the end of August, representing a nearly sixfold year-on-year increase, making Hong Kong the top global market for new listings [2] - Initiatives include assisting mainland tech companies in financing through a "Tech Enterprise Line," optimizing the main board listing mechanism, and exploring a T+1 settlement cycle [2] Bond Market Development - The government plans to solidify Hong Kong's status as a bond center by enhancing financial infrastructure and creating a centralized platform for managing various assets [3] - Collaboration with international markets, including Switzerland and the UAE, is being pursued to expand the bond market [3] - The Securities and Futures Commission is exploring the feasibility of an electronic bond trading platform and promoting a commercial repo market [3] Currency Market Growth - Hong Kong is the largest offshore RMB business hub, with plans to enhance liquidity and global reach through new RMB financing arrangements [5] - The government will issue more RMB bonds and explore using RMB for government expenditures [5] Gold Market Expansion - The government has accepted recommendations to develop Hong Kong into a regional gold storage hub, aiming to exceed 2,000 tons in three years [6] - Initiatives include establishing a central clearing system for gold transactions and promoting the issuance of gold investment products [7] Insurance and Asset Management - The government will revise regulations to lower capital requirements for infrastructure investments, promoting insurance participation in financing [8] - Hong Kong is expected to become the largest cross-border wealth management center, with significant growth in investment accounts from mainland investors [9] Financial Technology Advancement - The Monetary Authority is advancing the Ensemble project to support the development of tokenized markets and improve risk management [10] - Legislative proposals are being developed for digital asset trading and custody services [10] Sustainable Finance Initiatives - The Hong Kong Stock Exchange launched an international carbon trading platform, aiming to enhance cooperation with the Greater Bay Area on carbon market development [11] International Trade and Infrastructure - The government is focused on enhancing international trade networks and infrastructure connectivity, including cross-border railway projects to improve regional integration [12]

商务部电子商务和信息化司负责人王鹏飞说，近年来，中国电商蓬勃发展，网络零售市场规模稳居全球 首位，已具备推动品质电商升级的体量空间基础。今年，商务部在牵头做好电商扩消费的同时，提出大 力培育品质电商，旨在从供需两侧发力，促进消费提质扩量。 "围绕商品质量、服务保障、消费者权益保护等关键环节，研究构建品质电商标准体系，明确商品溯 源、售后响应等具体指标，引导行业标准化、规范化发展。"王鹏飞说，今年，商务部开展了"丝路电商 惠全球"主题活动，联合地方和平台推出40项合作清单，邀请36个伙伴国"自助式"点单，集约高效开展 电商领域务实合作，已吸引近百个国家参加，达成200余项合作意向。 9月25日至29日，第四届全球数字贸易博览会（以下简称"数贸会"）将在浙江杭州举办。在日前国新办 举行的新闻发布会上，商务部副部长盛秋平说，截至目前，参展商数量超过1700家，展览总面积15.5万 平方米。其中，国际展商占比超过20%，包括70余家全球500强企业；国际客商超1万名，较去年增长 54%；主宾国阿联酋和印尼将开设国家馆，系统展示数字经济发展成就；联合国贸发会议等30余个国际 组织，百余名嘉宾将围绕数字贸易规则、规制、管 ...

Core Insights - Tencent Smart Retail has signed a strategic cooperation agreement with Yiwu Small Commodity City to advance the digital transformation of Yiwu's sixth-generation market [1][4] - The collaboration will focus on four core areas: customer flow digitization, space digitization, activity digitization, and marketing digitization, aiming to create a comprehensive digital trade solution [2] Group 1: Strategic Focus - The partnership will prioritize three main tasks: promoting a digital trade model in Yiwu, upgrading the Chinagoods membership system for an integrated online-offline service platform, and establishing a smart trade IP landmark [2][4] - Tencent will leverage its digital technology and ecosystem capabilities to enhance brand influence and trade efficiency for merchants, while also optimizing product innovation and marketing for small and medium-sized enterprises [2][4] Group 2: Market Evolution - Yiwu is transitioning from a traditional experience-driven market to a technology-driven market, marking a significant evolution comparable to its previous transformation into a "world supermarket" [3][4] - The upcoming opening of the Yiwu Global Digital Trade Center signifies Yiwu's entry into the sixth generation of digital markets, aiming to set a new standard for global small commodity trade [4] Group 3: Broader Implications - The collaboration between Yiwu and Tencent is expected to provide a model for the digital transformation of China's real economy, showcasing a replicable experience for other markets [4] - The integration of digital technology into Yiwu's trade ecosystem is anticipated to reshape global small commodity trade standards and enhance the overall efficiency of the trade chain [4]

不仅仅是广东，记者在四川展台看到"三星堆博物馆"，"未来"与"过去"在这里同台呈现，科技与文化的结合成为地方服务贸易发 展的显著特点。另外，数字技术革命的深入演进，也让"数字化"成为各地服务贸易的共性特征，而人工智能正为各地的服务贸 易发展开启新蓝海。今年4月，商务部发布《加快推进服务业扩大开放综合试点工作方案》（以下简称《方案》）。《方案》提 出，推动人工智能加快产业化应用。 21世纪经济报道记者在天眼查搜索"人工智能"得知，我国一年内成立的企业中，有超68万家涉及人工智能，其中，北京超5.7万 家，上海超3万家，广东最多，近11万家。这些人工智能公司涉及领域非常广泛，除了工业领域之外，服务业也是人工智能落地 的重点。从广东来看，近11万家新成立企业中，属于信息传输、软件和信息技术服务业以及科学研究和技术服务业的企业就超 6.7万家。 广东服贸会上的"科技+" 近年来，数字技术革命深入演进并加快向各个领域渗透。这一点，在服贸会广东交易团中展示得尤为突出。 21世纪经济报道见习记者冉黎黎 北京报道 刚刚结束的2025年中国国际服务贸易交易会（以下简称"服贸会"），呈现了我国服务贸易发展的地域全景。全国31个省 ...

Group 1 - The 2025 China International Service Trade Fair concluded with over 900 achievements in fields such as construction, information technology, and finance, attracting more than 250,000 attendees [1] - The fair focused on the digitalization, intelligence, and greening of service trade, highlighting national-level positioning, professional characteristics, and international features [1] - Over 480 Fortune 500 and industry-leading companies participated, accounting for more than 25% of exhibitors, with an increase in both the number and proportion of top enterprises compared to the previous event [1] Group 2 - International participation was significant, with 85 countries and international organizations, including Ireland and the World Intellectual Property Organization, exhibiting [2] - The overall internationalization rate of participating companies exceeded 20%, covering 26 of the top 30 countries and regions in service trade [2] - New exhibition methods were employed, utilizing digital humans and VR simulation devices to better showcase new technology applications and services [2] Group 3 - The Ministry of Commerce released a work plan to support Beijing in piloting the WTO's Electronic Commerce Agreement, accelerating the implementation of global digital trade rules in China [3] - A total of 113 enterprises and organizations released 198 achievements in fields such as artificial intelligence, fintech, and green low-carbon technologies during the event [3] - Approximately 11,600 professional attendees were invited, marking a 12% increase from the previous year [3] Group 4 - Australia, as the guest country, engaged in discussions with various Chinese provinces and exhibitors, resulting in 15 cooperation intentions in sectors like finance and education [4] - The digital platform supply-demand hall announced over 3,000 matching projects, with nearly 8,500 business meeting invitations sent out [4]

Core Insights - The transition from paper to electronic bills of lading using blockchain technology significantly reduces raw material consumption by approximately 5,000 A4 sheets per transaction, enhances document processing efficiency by 80%, and lowers operational costs by 30% [1][2] Group 1: Digital Trade Initiatives - In 2023, a pilot project for electronic bill of lading cross-border circulation was initiated by COFCO Group in collaboration with the Ministry of Commerce and local authorities in Beijing, focusing on the export business to Singapore [1] - The pilot project involved three phases, with the first phase completed in October 2023, successfully integrating China's "Trust Trade Chain" with Singapore's IMDA "Trade-Trust" to ensure the authenticity, security, and efficiency of bill of lading circulation [1] Group 2: Operational Efficiency and Cost Reduction - The use of electronic bills of lading in export operations is projected to improve document processing efficiency by at least 80% and reduce operational costs by 30%, with delivery times for cross-border transactions decreasing from approximately one month to 12 days [2] - The integration of shipping giant Maersk in 2024 to construct a digital trade network allows for a fully paperless process across all trade stages, including contract signing, customs clearance, bill of lading circulation, and payment [2] Group 3: Growth of Digital Trade in China - China's digital trade is rapidly expanding, with the total export and import value of digitally deliverable services reaching 1.5 trillion yuan and cross-border e-commerce reaching 1.3 trillion yuan in the first half of the year, both setting historical highs [2]

Core Viewpoint - The 2025 Sixth China Mother Fund Summit successfully held in Beijing, focusing on the role of national-level mother funds in empowering the real economy and driving innovation [1] Group 1: National-Level Mother Funds' Role - National-level mother funds are seen as strategic tools for promoting technological innovation and high-quality development of the real economy [7] - The roundtable discussion highlighted the importance of national-level mother funds in supporting long-term capital cultivation and technological innovation [2][7] Group 2: Investment Strategies and Criteria - The National Service Trade Fund emphasizes three criteria for selecting sub-funds: policy guidance, financial returns (DPI indicators), and industry empowerment, particularly in the service trade sector [4] - The investment strategy of the National New Fund focuses on strategic emerging industries and future industries, advocating for early, small, long-term, and hard technology investments [6] - The selection of sub-funds will prioritize stable investment performance and understanding of industry cycles [6] Group 3: Ecosystem and Collaboration - The approach of "one fulcrum, two main lines, and three business models" aims to integrate technology innovation with economic development through various fund management strategies [5] - Collaboration with state-owned enterprises and industry leaders is crucial for enhancing the investment ecosystem and ensuring sustainable innovation [9][10] Group 4: Sector-Specific Insights - The National Science and Technology Innovation Fund focuses on transforming scientific research achievements into marketable products, addressing both traditional and emerging industries [8] - The Cultural Investment Fund aims to leverage government funding to attract social capital into the cultural industry, achieving a leverage effect of over six times the central government's investment [11]

一是外贸新动能加快培育。在稳规模的同时，更加注重优结构，通过加强政策引导、优化支持服务，做大做强贸易新动能。 深入推进"江苏优品行全球"行动，持续加大拓展东盟、拉美、中东、非洲等新兴市场的展会、信保政策支持力度，今年省级贸易促进计划支持 展会中新兴市场展会占比达到65%，1—7月江苏省对新兴市场出口占比59.9%，较2020年提升12.6个百分点。高质量实施RCEP协定，江苏 RCEP签证出口货值连续3年居全国第一。江苏中亚中心升级为中国—中亚贸易畅通合作平台，并在今年6月第二届中国—中亚峰会期间获各国 元首共同见证揭牌。 支持高技术产品、绿色低碳产品扩大出口，加快向价值链中高端跃升，2024年机电产品出口比重达到68.7%、较2020年提升1.9个百分点，船舶 海工、手机、新能源汽车等高端化、智能化、绿色化产品出口持续快速增长。 【大河财立方 记者 陈诗昂 杨萨 文 李博 洪昊旸 摄影】9月15日，2025年"活力中国调研行"江苏主题采访活动在无锡启动。当天上午，活动举 行情况介绍会。 江苏是我国对外开放的前沿阵地，开放是江苏发展的突出优势。数据有力地印证——外贸进出口跃上5万亿元台阶，2024年达5.62 ...

Group 1 - The fourth Global Digital Trade Expo will be held from September 25 to 29 in Hangzhou, featuring over 1,700 exhibitors, marking a record high in scale [1][4] - The exhibition covers five cutting-edge fields: digital ordering trade, digital technology trade, digital service trade, digital product trade, and data trade, with a total exhibition area of 155,000 square meters [1] - The theme of this year's expo is "Seeing the Innovative Future at the Digital Trade Expo" [1] Group 2 - The "Six Little Dragons" of Hangzhou will showcase their technological achievements and innovative applications in a scenario-based manner at the expo [2] - Notable exhibits include the bionic dexterous hand Revo 2, capable of lifting 20 kg while weighing only six eggs, and the humanoid robot G1, which features advanced agility and speed [2] - Other companies like Deepseek, Yunshen, and Qunke Technology will also present new content at the expo [2] Group 3 - The expo will feature significant contributions from local tech giants, including the Zhijiang Laboratory's "Three-body Computing Constellation" and Zhejiang University's record-breaking quadruped robot [3] - The world's first mass-produced consumer-grade AI+AR smart glasses, Rokid G1, will be showcased, weighing only 49 grams [3] - Major players like Alibaba, Huawei, and Turing Institute will present their latest innovations and solutions in the digital trade sector [3] Group 4 - The expo will highlight various industry-specific exhibition areas, showcasing cutting-edge technologies and innovative products [4] - The theme pavilion will feature a digital trade bridge between China and Russia, providing new opportunities for Chinese sellers [4] - Neat and Zoom will introduce an "invisible meeting assistant" to enhance global business communication and collaboration [4] Group 5 - The digital healthcare exhibition area will demonstrate real-world applications driven by digital technology, including AI-based traditional Chinese medicine assessments [5] - The Silk Road e-commerce exhibition area will gather over 50 well-known platforms, including Amazon and Alibaba International Station, from five continents [5]

Group 1: Event Overview - The fourth Global Digital Trade Expo will take place from September 25 to 29, 2025, at the Hangzhou International Expo Center, marking its return as China's only national-level global expo in the digital trade sector [1] - The event will feature a larger scale and more diverse content compared to last year, covering approximately 150,000 square meters with eight major exhibition areas [1] Group 2: Exhibition Areas - The eight exhibition areas include: Theme Pavilion, Artificial Intelligence Zone, Digital Entertainment Zone, Smart Mobility Zone, Digital Healthcare Zone, Silk Road E-commerce Zone, Smart Space Zone, and Smart Logistics Zone [1] - The expo aims to cater to various audiences, including tech enthusiasts, families, and consumers interested in global technology [1] Group 3: Interactive Experiences - A unique program called "Star Wish Landing on the Dark Side of the Moon" will allow participants to interact with AI robots and upload their wishes to be sent to the moon by 2029 [2] - The "Dunhuang Experience" will utilize AI technology to recreate the ancient art of the Tang Dynasty, allowing visitors to interact with the art in real-time [3] Group 4: Digital Entertainment and Gaming - The Digital Entertainment Zone will feature immersive experiences, including a pop-up store and interactive gaming areas, appealing to various demographics [4][5] - Attendees can experience cutting-edge VR and AR technologies, including the latest games and interactive robots [6] Group 5: Robotics and AI Innovations - The event will showcase the "Six Little Dragons" of Hangzhou, featuring advanced robotics and AI technologies across multiple fields, including healthcare and gaming [7] - Notable exhibits include humanoid robots and medical-grade robots capable of lifting significant weights [7] Group 6: Future Mobility and Healthcare Technologies - The expo will highlight innovations in future mobility, including Tesla's public test drives and various autonomous vehicles [8] - The Digital Healthcare Zone will present advanced technologies such as smart robots for elderly care and remote monitoring devices [9][10] Group 7: Global Collaboration and Opportunities - The expo will also feature international participation, with representatives from various countries discussing digital investment and smart city collaborations [10] - Activities such as innovation competitions and forums will provide networking opportunities for entrepreneurs [10] Group 8: Engagement and Promotions - Attendees can participate in promotional activities, including receiving digital coupons and collecting cards for prizes [11] - The event emphasizes an engaging experience, encouraging visitors to explore and interact with the latest digital technologies [11]