合规指引专区共设风险预警、合规指南、合规案例、应对策略、有关链接五个版块。其中不仅每日跟踪 和发布企业投资经营重点国家和地区最新政策和涉外重点领域、产业海外风险信息，还聚焦出口管制及 经济制裁、海关进出口、外汇管理、涉外知识产权、数据合规、反不正当竞争、反腐败反贿赂、ESG合 规八大重点风险领域发布合规案例。企业还可了解适用法律与合规要求查明、设置合规组织并明确职 责、制定合规政策与合规制度等七大类别应对策略。 两大专区整合全球优质法律与合规资源，根据企业实际需求提供针对性服务，形成从风险预警到问题解 决的完整服务链条，功能覆盖全面，适配企业出海全流程。企业可通过网页搜索"深圳企业海外综合服 务平台"，或进入网址https://www.qhqie.com/，在首页出海专区一栏点击"涉外法律服务专区"或"合规指 引专区"。 采写：南都N视频记者 蔡宇晴 以法治之力为企业出海护航，近日，深圳市司法局在深圳市企业海外综合服务平台搭建的"涉外法律服 务专区"与"合规指引专区"正式上线。从专业涉外法律服务机构筛选、海外投资法律条文查询，到突发 合规风险应对，两大专区构建"一站式"服务体系，满足企业海外经营各环节的法律与 ...

Group 1 - China National Heavy Duty Truck Group's Laiwu factory showcases advanced automation with intelligent robotic arms and automated guided vehicles, achieving a heavy truck production rate of one unit every five minutes [1] - In the first three quarters, sales in Africa and Southeast Asia increased by 37.4% and 41.5% year-on-year, respectively [1] - The company expects to export over 150,000 heavy trucks this year, marking an 11% year-on-year growth and maintaining its position as the top exporter of heavy trucks in China for 21 consecutive years [1] - In September, the company set a new record for single-month heavy truck exports, surpassing 15,000 units [1] Group 2 - Shandong province has initiated the "Ten Thousand Enterprises Going Global" campaign, facilitating over 9,700 foreign trade companies to participate in 294 overseas exhibition activities and 49 targeted procurement meetings in the first three quarters [2] - The contribution of electromechanical products to Shandong's export growth is nearly 90%, with automotive orders remaining strong and exports increasing by 11.9% [2] - Jinan Customs has implemented innovative service measures to enhance export efficiency, achieving a 75% increase in vehicle clearance efficiency and a 50% reduction in clearance costs through new policies [2] - Future plans include continued facilitation of services and leveraging the benefits of comprehensive bonded zone policies to promote the export of more "Shandong-made" products [2]

Core Insights - The "Follow the Ambassador to Sell Goods" West Africa Promotion Conference in Linyi facilitated efficient resource matching among over 150 domestic and foreign enterprises, leading to cooperation intentions in various sectors such as machinery manufacturing and building materials [1][2] - Linyi's export-import value exceeded 127 billion yuan in the first nine months of the year, with over 4,000 private enterprises exploring overseas markets, showcasing a successful model of government support and enterprise initiative in international trade [1][2] Group 1: Government Initiatives - The Linyi Municipal Bureau of Industry and Information Technology and the Foreign Affairs Office organized the West Africa promotion event to provide direct access to market intelligence and cooperation opportunities for local enterprises [2] - The "three libraries and three lists" cultivation plan helps enterprises analyze product competitiveness and market adaptability, guiding them in their international expansion efforts [3] Group 2: Trade Facilitation - Linyi has established 62 overseas warehouses in 27 countries, providing storage and promotional services to support enterprises in maintaining market presence after trade shows [6] - The city organized 377 overseas trade events this year, resulting in 246 cooperation agreements and generating 1.28 billion yuan in orders for participating enterprises [5] Group 3: Export Support Systems - The local government offers a comprehensive "one-stop" solution for enterprises, addressing logistics, customs, and financial processes to simplify the export journey [7][10] - Training programs covering customs, tax refunds, and compliance have been conducted to equip enterprises with the necessary knowledge for international trade [10] Group 4: Collaborative Efforts - Linyi encourages leading enterprises to build global supply chains and assist smaller enterprises in internationalization, fostering a collaborative approach to market entry [8] - The establishment of overseas companies by local firms in various countries exemplifies the successful implementation of a collective strategy for international expansion [8]

Core Viewpoint - SF Holding (002352)(06936) reported a total revenue of RMB 27.173 billion for its express logistics, supply chain, and international business in November 2025, representing a year-on-year growth of 7.85% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 9.88% year-on-year, with a business volume growth of 20.13% [1] - The company emphasizes sustainable and healthy development, enhancing operational mechanisms to ensure high-quality service and stable operations, thereby meeting customer demand during peak e-commerce promotional seasons and driving high-quality business growth [1] Group 2: International Business - The international freight forwarding business was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network advantages and diverse product offerings to adapt to market changes, actively seizing new opportunities for enterprises going abroad, resulting in stable cargo volumes for the international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics maintained rapid growth year-on-year [1]

Core Viewpoint - SF Holding (06936) reported a total revenue of RMB 27.173 billion for its express logistics, supply chain, and international business in November 2025, representing a year-on-year growth of 7.85% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 9.88% year-on-year, with a business volume growth of 20.13% [1] - The company maintains a sustainable and healthy operational approach, enhancing its operational mechanisms to ensure high-quality service and stable operations, thereby meeting customer demand during peak e-commerce promotional seasons [1] Group 2: International Business - The international freight forwarding business was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network and diverse product offerings to adapt to market changes and seize new opportunities for enterprises going abroad, resulting in stable cargo volumes for its international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics maintained rapid growth year-on-year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 （股份代號：6936） 2025年11月快遞物流業務經營簡報 根據《深圳證券交易所上市公司自律監管指引第3號 — 行業信息披露》的規定， 順豐控股股份有限公司（以下簡稱「公司」或「本公司」）現披露2025年11月業務 經營簡報情況如下： | 項目 | | 2025年11月 | 2024年11月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 206.60 | 188.02 | 9.88% | | | －業務量 （億票） | 15.34 | 12.77 | 20.13% | | | （人民幣元） －單票收入 | 13.47 | 14.72 | -8.49% | | 2. | 供應鏈及國際業務 | | | | | | （人民幣億元） 營業收入 | 65.13 | 63.94 | 1.86% | ...

Group 1 - The core change from the restructuring is the establishment of a new entity responsible for data security, separating it from the ByteDance-controlled TikTok US entity, with new American investors involved [1][2] - The new entity will have a six-member board, with ByteDance holding 20% equity and one board seat, creating a "brotherly relationship" that ensures strict risk isolation [1][2] - The restructuring allows ByteDance to retain ownership of the core intellectual property, specifically the algorithm, while TikTok US focuses on commercial monetization [2][3] Group 2 - The new joint venture addresses U.S. government concerns regarding national security and user data safety through its board structure and responsibilities [2][3] - TikTok's future revenue will be impacted by the need to pay intellectual property fees to the new joint venture, raising questions about the extent of commercial interests sacrificed [2][3] - The operational dynamics between the commercial entity and the compliance entity may lead to potential friction, which remains a concern for the future [3][6] Group 3 - The resolution of TikTok's issues may lead to a resurgence in user growth, advertising revenue, and overall business operations, alleviating previous concerns from advertisers [6] - A key unresolved issue is the operational control of the TikTok app, which could create new divisions between Chinese and American stakeholders if not clearly defined [6][7] Group 4 - TikTok's situation exemplifies that Chinese companies can export advanced technologies and algorithms, indicating a growing capability in the global market [7][8] - The resolution of TikTok's challenges suggests that countries with differing ideologies can negotiate solutions, creating potential pathways for other companies facing similar issues [8]

恒生指数低开0.54%，恒生科技指数跌1.11%。盘面上，券商板块强势，中金公司今日复盘开盘涨超7%; 科网股跌幅居前，阿里巴巴跌近2%。 本文转载自"腾讯自选股"，智通财经编辑：李佛。 华泰证券认为，目前市场下行空间可控但上行胜率尚未打开。港股情绪指标依然处于悲观区间，对应磨 底阶段，情绪指数走势与2024年11月类似。彼时情绪指标进入恐慌区间后，市场在2025年初迎来明显反 弹，春节前后DeepSeek催化下斜率放大。未来行情催化因素可能来自以下三点预期差：人民币升值： 升值共识一旦形成，资本流动或发生重要改变，可以类比今年欧洲市场;企业出海：市场依然担忧汇率 升值和出口高基数的影响，明年上半年中美关系依然处于温和期，出口韧性存在预期差。 招商证券认为，近期港股市场在海外降息后仍未企稳，主要来自于两个内部流动性问题：公募基金基准 新规落地，可能导致卖出部分港股;港股阶段性资金需求较大。上述叙事虽然存在，且在下跌过程中持 续强化，但总体来看影响较为有限。 关于港股后市 招商证券认为，港股近期走弱缘于：南向资金由于公募基准新规而回流A股和抱团的挤出效应，IPO融 资潮的担忧，解禁高峰的到来，盈利下修与海外流动 ...

Core Insights - The president of the China Advertising Association, Zhang Guohua, stated that the focus on Chinese enterprises going abroad has decreased, but their strategic importance remains irreplaceable [1][2] Group 1: Export Performance - In the first 11 months of this year, China's total goods trade export exceeded the entire export amount of 2024, contributing significantly to economic growth [1] - According to the General Administration of Customs, the total value of China's goods trade import and export reached 41.21 trillion yuan, a year-on-year increase of 3.6%. Exports were 24.46 trillion yuan, up 6.2%, while imports were 16.75 trillion yuan, up 0.2% [1] Group 2: Economic Growth and Challenges - Current predictions suggest that China's economic growth rate will remain around 5%. Without the 1.7 percentage points contribution from foreign trade, achieving the "5% target" would face severe challenges [2] - Despite the decline in market attention towards enterprises going abroad, the recognition and acceptance of Chinese products globally are continuously improving [2] Group 3: Challenges Faced by Chinese Enterprises - Chinese products are still perceived as low to mid-end in the international market, leading to insufficient pricing power and low profit margins for enterprises [2] - There is a need for Chinese enterprises to deeply understand cultural differences in target markets, as many still apply domestic marketing strategies that do not meet overseas market demands [2] - Companies must build a comprehensive localized ecosystem, collaborating with local partners to establish logistics networks, including key nodes like ports and distribution centers, to ensure efficient supply chain operations [2]

专题：2025企业家之夜启动仪式 12月17日消息，"为中国经济点赞——企业家之夜"启动仪式于今日在北京举行。本次活动由新浪财经、 第一财经主办，古井贡酒·年份原浆为战略合作伙伴。 "为中国经济点赞——企业家之夜"已持续举办多年，活动以"致敬新时代驱动力"为主题，以"弘扬企业 家精神，为企业家点赞"为副题，从"创新性、颠覆性、前瞻性、成长性、新锐性"五大维度，寻找引领 商业之美，产业之变，时代之潮的优秀企业家。旨在弘扬新时代企业家精神，为扎实推动经济高质量发 展的代表性企业家给予鼓励。 新浪财经CEO邓庆旭在会上宣布，本次"企业家之夜"将于1月底举行，届时，过去一年中国经济界涌现 出的多位优秀企业家将到会分享。 刚刚闭幕的中央经济工作会议指出，我国经济长期向好的支撑条件和基本趋势没有改变。要坚定信心、 用好优势、应对挑战，不断巩固拓展经济稳中向好势头。 清华大学互联网产业研究院院长、清华大学经济管理学院教授朱岩表示，现在做企业与30、40年前已大 不相同，现在的企业家精神已经发生了技术型改变，他总结为四点：一是守正创新，继续沿着梦想前 进；二是数据驱动，不再是流量驱动或单纯追求经济价值驱动；三是范式引领，企业 ...