Core Viewpoint - Shenzhen Yantian Port Holdings Co., Ltd. held a performance briefing for the first half of 2025, addressing various investor concerns and highlighting ongoing projects and financial strategies [1] Group 1: Infrastructure and Business Development - The Huizhou-Yantian Expressway expansion project has been completed, with a 25-year toll approval received in 2022, and the company is actively working on increasing toll rates [2] - The company expects LNG refueling business to generate at least 1.5 billion yuan in profit from 2025, with actual profits to be calculated based on operational performance [2] - The company holds a 14.06% stake in Haixia Co., making it the second-largest shareholder, and is focused on benefiting from the Hainan Free Trade Port policies without plans to reduce its stake [3] Group 2: Shareholder Returns and Financial Management - The company emphasizes market value management and shareholder returns, having distributed over 7 billion yuan in cash dividends since its listing, with a plan to distribute at least 50% of distributable profits as dividends from 2024 to 2026 [4] - For the 2025 interim period, the company plans to distribute 0.88 yuan per share (before tax), amounting to an expected total of 458 million yuan in dividends [4] Group 3: Market Impact and Financial Performance - The company believes that the new port docking fees in the U.S. will have minimal impact on its operations, as it is a preferred port for ultra-large vessels in South China and one of the busiest container terminals globally [5] - The net cash flow from operating activities decreased by 51.99% year-on-year for the first half of 2025, primarily due to a one-time compensation received in the previous year, but adjusted figures show a 77.26% increase [6] - As of June 30, 2025, the total number of shareholders was 64,982, with unrestricted shares accounting for 60.83% of the total share capital [6] Group 4: Strategic Initiatives - The company is making progress in the Yangtze River Economic Belt, with plans to establish a new port company in Jiangsu in 2024, and aims to enhance its project portfolio and network layout [7] - To address revenue pressures, the company is implementing different strategies in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Economic Belt, including diversifying operations at various ports to improve performance [7]

香港将用好内联外通的优势，发挥好"超级联系人"和"超级增值人"的角色。期待粤商、港商继续变革求 新、汇聚力量，在争取更大发展空间的同时，积极贡献大湾区的高质量发展。香港将与内地企业包括广 大粤商携手共进，把海外资本"引进来"的同时，一同"走出去"开拓更多市场，对接环球买家，创造更广 大的商机。 李家超表示，粤港澳大湾区人口超过8700万，去年经济总量接近15万亿元人民币。在推动国家发展的历 程中，在粤港商一直积极参与推动广东的发展。香港是广东最大的外资来源地。去年，广东省新设港资 企业超过13000家，实际利用港商直接投资额，高达722亿元人民币，占全省外商直接投资总额超过七 成。港商投资的行业多元，已从制造业扩展到服务业。李家超鼓励港商继续把握好国家机遇，积极融入 国家发展大局，深化国际交往，以香港所长，服务国家所需。 在中央的全力支持下，香港与各个大湾区城市优势互补，共建一流湾区高质量发展。今年底由广东、香 港、澳门三地共同承办的第十五届全国运动会（全运会）和全国第十二届残疾人运动会暨第九届特殊奥 林匹克运动会（残特奥会），是大湾区标志性的合作项目。本届全运会和残特奥会首次由粤港澳三地联 合承办，体现粤港 ...

全力以赴推进开幕式各项筹备工作 展现中国精神、湾区魅力、广州活力 会上，主创团队总导演郎昆、总制作人王锐祥和各演出单位代表发言。 十五运会是粤港澳大湾区作为整体承办的全国最高水平的综合性运动会，开幕式将于11月9日在广州举 行，以"圆梦未来"为主题，包括"同根同源、同心同缘、同梦同圆"三个篇章，展现粤港澳大湾区的壮阔 图景。 市领导江智涛，市执委会常务副主任、秘书长彭高峰，省市执委会、城市侧单位、开幕式主创团队负责 同志参加。 相关附件 9月26日，第十五届全国运动会开幕式仪式与展演第一次联排动员大会在广东省奥林匹克体育中心体育 场召开。开幕式指挥部执行指挥长、市执委会主任、广州市市长孙志洋讲话，开幕式指挥部副指挥长、 市委副书记陈向新主持。 孙志洋表示，十五运开幕式将在广州举办，这是党中央国务院和省委省政府赋予广州的光荣使命，是展 现中华体育精神、湾区魅力、广州活力的重要窗口，也是对广州市体育文化战线能力素质的重大考验。 当前，开幕式筹备已进入冲刺攻坚的关键阶段。全体参演人员要倍感珍惜、全力以赴，努力展现大湾区 青少年的饱满精神与时代风采；各相关单位要树牢"一盘棋"思想，守好"责任田"，打好"协同战"，完善 ...

Core Insights - The report highlights the rapid emergence of the Guangdong-Hong Kong-Macao Greater Bay Area as a significant global center for technology innovation and venture capital investment, driven by its unique advantages and robust economic environment [1][2]. Group 1: Advantages of the Greater Bay Area - The Greater Bay Area boasts a strong industrial cluster, particularly in new-generation information technology, high-end equipment manufacturing, and biomedicine, providing a rich source of quality projects for venture capital institutions [2]. - Hong Kong's status as an international financial center injects substantial international capital and professional services into the Greater Bay Area's venture capital ecosystem, facilitating easy access for foreign investments into cutting-edge technology firms [2]. - Policy support and platform development are crucial for the growth of venture capital in the Greater Bay Area, with various government initiatives creating a favorable environment for investment [2]. Group 2: Economic Environment - The Greater Bay Area is one of China's most dynamic economic regions, with Guangdong Province's GDP projected to reach 14 trillion yuan in 2024, marking a 3.5% year-on-year growth [3]. - The "9+2" city cluster within the Greater Bay Area exhibits a gradient development pattern, with Shenzhen and Guangzhou as the core cities, each surpassing a GDP of 3 trillion yuan [3]. - The region's integrated development has been enhanced by improved infrastructure and regulatory frameworks, leading to a significant increase in investment, with over 2 trillion yuan attracted during the 2024 Global Investment Conference [3]. Group 3: Venture Capital Market Dynamics - The Greater Bay Area's venture capital market is characterized by a dual-core spatial structure centered around Guangzhou and Shenzhen, with a fundraising scale of 3.33 trillion yuan and financing amounting to 2.05 trillion yuan [4]. - The region has attracted numerous national and market-oriented funds, including a 5.1 billion yuan special fund established by the social security fund in Shenzhen for technology innovation [4]. - The distribution of funds in the Greater Bay Area shows a predominance of large-scale investments, with 672 funds exceeding 1 billion yuan, indicating strong capital aggregation capabilities [5]. Group 4: Investment Focus - Investment activities in the Greater Bay Area are heavily concentrated in information technology and advanced manufacturing, reflecting Shenzhen's status as a global hub for the electronics industry [6]. - The investment landscape includes a balanced development of traditional sectors such as consumer goods, automotive, energy, and finance alongside emerging industries, showcasing the area's comprehensive industrial system [6]. - The establishment of industry-specific funds in Shenzhen aims to guide social capital towards strategic emerging industries, covering the entire lifecycle of enterprises from seed to mature stages [5].

Group 1 - The Shenzhen-Zhuhai Channel project has made significant progress with the release of a public consultation for the preliminary research project, indicating a step forward in this major transportation infrastructure [1] - The project has a budget of 20.8 million yuan and aims to provide key technical support for the channel's inclusion in national planning [1] - The channel will connect Shenzhen and Zhuhai, featuring a dual eight-lane highway, high-speed rail with a design speed of 350 km/h, and intercity rail with a design speed of 200 km/h, potentially reducing travel time between the two cities to 30 minutes [1] Group 2 - The Shenzhen-Zhuhai Channel is positioned as a "middle ring" transportation route, enhancing connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area and promoting industrial integration between the two sides of the Pearl River Estuary [2] - The channel's development is being accelerated, with the Guangdong Provincial Development and Reform Commission including it in the 2025 budget, and the Shenzhen government emphasizing its importance in local development plans [3] Group 3 - The anticipated completion of the Shenzhen-Zhuhai Channel is expected to significantly boost the transfer of industries from Shenzhen to the western side of the Pearl River, particularly benefiting Zhuhai [4] - The integration of Shenzhen's technological innovation resources with Zhuhai's manufacturing base is expected to create a collaborative model of "Shenzhen R&D + Zhuhai Manufacturing," facilitating the transformation of technological achievements and the integration of industrial chains [4]

9月23日，深圳蛇口港口岸增设跨境直升机出入境功能，扩大开放通过国家验收，升级为全国首个"海空 一体"复合型口岸，实现口岸政策创新与空间复合利用的高度融合，将助推深港澳低空领域合作加速对 接，进一步深化粤港澳大湾区融合发展。 记者在现场看到，蛇口邮轮中心的直升机坪色彩鲜明，以绿色为底色，配有醒目的黄色圆环和白色标 识，还设有直升机起降的"H"形标志。据了解，蛇口邮轮母港开通跨境直升机功能后，最快10分钟即可 通达香港澳门两地，有利于发展前海乃至深圳低空领域高端商务旅游观光等消费市场，助推粤港澳大湾 区低空领域合作加速对接。 根据规划，验收通过后，蛇口邮轮母港将率先开通深圳蛇口至香港信德机场、香港国际机场、澳门国际 机场及氹仔码头的多条航线，为高端商务、紧急医疗救援等提供高效跨境服务。 2024年1月，国务院正式批复，同意蛇口港扩大开放增加跨境直升机出入境功能。项目启动以来，深圳 市口岸办通过"政企联动、多部门协同"工作机制，指导招商蛇口邮轮母港编制跨境直升机运行保障配套 制度，对场地进行适应性改造，创新制定"空海一体"监管方案，实现直升机起降、通关、安检全流程优 化。同时，与香港保安局、运输及物流局、民航处等 ...

香港律政司副司长张国钧 香港律政司副司长张国钧出席论坛，并在"重构世界经贸新格局"环节发表主旨演讲。他认为，当今世界，全球地缘政治动荡、贸易保护主义抬头、关税争议 更是无日无之，每一项都直接影响着全球的经贸发展。无论是政府还是企业，我们都应该在这个百年未有之大变局中，积极探索建立全球贸易的新格局，并 寻求新路径，维护自身发展利益。 在张国钧看来，粤港澳大湾区是国家开放程度最高、经济活力最强的地区之一，其经济总量已突破1.92万亿美元，超越纽约湾区和旧金山湾区，与东京湾区 相近，跻身全球湾区第一梯队。 就香港而言，张国钧指出，香港在国家政策的定位是作为亚太区的国际法律及争议解决服务中心，是国家唯一的普通法司法管辖区。根据瑞士国际管理发展 学院发布的《2025年世界竞争力年报》，香港的竞争力位列全球第三，其中在商业法规排名全球第一。除了诉讼以外，香港国际仲裁服务也是站在全世界前 列的位置。根据伦敦玛丽皇后大学的2025年《国际仲裁调查》，香港是全球第二最受欢迎的仲裁地。 凤凰网财经讯 9月23-24日，由凤凰卫视、凤凰网主办的"凤凰湾区财经论坛2025"在广州举行，本届论坛以"新格局·新路径"为主题，汇聚全球政商 ...

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) has signed a memorandum of cooperation with Guangzhou Carbon Emission Trading Center, Shenzhen Green Exchange, and Macau International Carbon Emission Trading Exchange to promote the development of the carbon market and green finance ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1 - The four exchanges will explore cooperation opportunities in the carbon market and green finance sectors [1] - The collaboration aims to enhance experience exchange and knowledge sharing among the institutions involved [1] - The initiative is expected to improve the professional capabilities of relevant institutions and personnel in carbon market operations and green finance [1] - The partnership will contribute to the deepening development of the regional carbon market [1]

Core Viewpoint - Guangnan Group (01203) has announced a construction contract for a slaughterhouse and supporting facilities with a cost of RMB 110 million, which is expected to enhance its operational scale and market share in the Greater Bay Area [1] Group 1: Project Details - The project is located in Lishui Town, Nanhai District, Foshan City, strategically positioned at the boundary of Guangzhou and Foshan, benefiting from a prime geographical location in the core area of the Greater Bay Area [1] - The contract was awarded to a consortium of contractors including China Railway First Group, Huashang International Engineering, and Guangdong Provincial Architectural Design and Research Institute [1] Group 2: Strategic Implications - The construction of modern, high-standard slaughtering and food processing facilities is aimed at optimizing resource allocation and leveraging shared resources in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The project plans to utilize advanced technologies and management practices while adhering to strict quality and safety standards, which is expected to improve production efficiency and product quality [1]

Core Viewpoint - Guangnan Group (01203) has announced a construction contract for a slaughterhouse and supporting facilities, valued at RMB 110 million, with contractors including China Railway First Group, Huashang International Engineering, and Guangdong Provincial Architectural Design Institute [1] Group 1: Project Details - The project is located in Lishui Town, Nanhai District, Foshan City, strategically positioned at the boundary of Guangzhou and Foshan, within the core area of the Greater Bay Area [1] - The advantageous geographical location is expected to facilitate access to local resources and provide a favorable business environment, leading to significant market opportunities [1] Group 2: Strategic Implications - The construction of modern, high-standard slaughter and food processing facilities will enable the company to optimize resource allocation and leverage shared resources in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The project plans to utilize advanced technologies and management practices while adhering to strict quality and safety standards, which is anticipated to enhance production efficiency and product quality [1]