Core Viewpoint - Guangdong's foreign trade is expected to grow at an average annual rate of 6% during the 14th Five-Year Plan, significantly higher than the 2.2% growth rate during the 13th Five-Year Plan, demonstrating resilience and competitiveness in the face of external challenges [1] Group 1: Foreign Trade Growth - Guangdong's foreign trade volume is projected to reach 9.49 trillion yuan by 2025, with a year-on-year growth of 4.4%, maintaining its position as the largest in the country for 40 consecutive years [1] - In the previous year, Guangdong organized over 300 "Yue Trade Global" overseas exhibitions, assisting more than 26,000 enterprises in expanding into international markets [1] Group 2: Export Industry Development - Guangdong is actively cultivating advantageous export industry clusters, including two trillion-yuan clusters in electronic information and modern light industry, one 500 billion yuan cluster in artificial intelligence, and several clusters at the billion and hundred billion yuan levels [2] - AI chip equipment exports exceeded 800 billion yuan last year, marking a year-on-year growth of 19.9%, while exports of "new three samples" surpassed 200 billion yuan, with a growth rate of 30.6% [1] Group 3: Import Growth and Strategy - In the previous year, Guangdong's imports reached 3.46 trillion yuan, with a year-on-year growth of 7.8%, leading the nation for 24 consecutive months [2] - The province plans to strengthen the construction of three national import demonstration zones in Nansha, Huangpu, and Qianhai, focusing on major commodities and electronic components [2] Group 4: E-commerce and New Industries - Guangdong aims to further enhance traditional industries while developing emerging industries, including the establishment of new foreign trade transformation and upgrading bases for robotics and low-altitude economy [2] - The province will deepen the construction of cross-border e-commerce comprehensive pilot zones, strengthening development in Guangzhou, Shenzhen, and eastern Guangdong [2]

扬子晚报网1月26日讯(通讯员徐路记者王国柱)刚刚过去的2025年，面对复杂多变的全球经贸环境，泰兴 外贸迎难而上，交出一份振奋人心的"成绩单"：全市实现进出口总额66.72亿美元，同比增长5.6%，总量 创历史新高，增速位居泰州市各区县榜首，在逆势中实现高质量发展。成绩离不开全市上下的共同努 力，更源自一系列扎实有效的"组合拳"。 精准服务，为企业"保驾护航"。针对中美贸易摩擦带来的影响，泰兴建立对美重点企业"一对一"服务机 制，每周动态跟踪、实时响应企业诉求。全年累计协调解决企业在融资、通关、退税等方面的实际问题 28项，联合多家银行为企业稳定信贷供给、降低融资成本，有效缓解经营压力，护航企业稳步发展。 主动"出海"，开拓新兴市场。泰兴大力实施"百企出海"行动，全年组织超100家企业参加广交会、东盟博 览会等国内外重点展会，全力支持企业"走出去"抢订单、拓市场。积极引导企业布局"一带一路"、RCEP 等新兴市场，推动相关进出口实现快速增长。同时，支持企业加快海外仓储布局，目前已在全球设立16 个海外仓，助力"泰兴制造"更加便捷、高效通达全球。 创新业态，培育增长新动力。跨境电商成为外贸增长的新引擎。泰兴重 ...

齐鲁晚报.齐鲁壹点孔茜通讯员马迪段亚洲 "我们携手阿里巴巴国际站、亚马逊等头部跨境平台。"山东立派机械集团电商攻坚小组组长侯典波说，根据不同市场的语言习惯和消费特点，量身打造多 语种产品展示页面，让产品自己会说话，同步开通直播带单、24小时跨境服务通道，确保客户随时咨询。 面对国际市场的机遇与挑战，济宁高新区强化外贸主体培育，坚持创新赋能，提升产品竞争力和跨境电商平台能级，加速打开更多海外市场，新年外贸迎 来"开门红"。 "济宁高新区将坚持把促进民营经济发展壮大，作为推动绿色低碳高质量发展的重要引擎。"济宁高新区经济运行局副局长吕灿营表示，高新区大力实施外 贸主体培育行动，针对企业出海过程中的难点堵点，组织干部一对一靠上帮扶，帮助企业全力抢订单拓市场。 "此次设备升级，成功突破了公司高端及合成润滑脂的产能限制，凭借独特的三重搅拌工艺，大幅压缩皂化与调和脱气时间，生产效率提升50%，节能超 20%。"山东源根石油化工有限公司副总经理梁常亮表示，目前，源根石化的产品远销全球50多个国家和地区，国际市场份额持续扩大。例如，针对东欧 客户的一些定制化的、极寒的产品，以及包括非洲的一些耐高温的润滑油的产品，企业都能够做 ...

21世纪经济报道记者董静怡 行业一览 商务部：中国—中亚进出口总值首次突破千亿美元大关 据商务部网站消息，2025年，在元首外交战略引领下，中国—中亚经贸合作取得长足发展。据中国海关 统计，全年货物贸易进出口达到1063亿美元，同比增长12%，增速较上年提高6个百分点。贸易规模再 创新高。中国—中亚进出口总值历史上首次突破1000亿美元大关，连续5年保持正增长。中国首次跃居 中亚各国第一大贸易伙伴，中亚占中国外贸的比重进一步上升。 商务部：将研究制定绿色低碳相关产品进出口统计目录 1月15日，商务部新闻发言人何咏前表示，在今年的稳外贸工作中，将加快培育新动能，指导跨境电商 综试区大力发展跨境电商赋能产业带，加强经营主体能力建设，支持海外仓企业加快智能化改造；落实 关于拓展绿色贸易的实施意见，研究制定绿色低碳相关产品进出口统计目录，提升绿色低碳产品国际竞 争力；推动人工智能赋能外贸发展，提升贸易全链条数字化水平。 2025年深圳电商交易额破万亿 相关数据显示，2025年，我国跨境电商进出口2.75万亿元，相比2020年增长69.7%，创下历史新高。过 去5年，中国跨境电商贸易规模增长超过10倍，中国跨境电商企业 ...

Group 1: Trade and Economic Cooperation - The total import and export value between China and Central Asia has surpassed 100 billion USD for the first time, reaching 106.3 billion USD in 2025, with a year-on-year growth of 12%, an increase of 6 percentage points from the previous year [2] - China has become the largest trading partner for Central Asian countries, with the region's share in China's foreign trade increasing [2] Group 2: E-commerce and Digital Trade - By 2025, China's cross-border e-commerce import and export is projected to reach 2.75 trillion CNY, a 69.7% increase compared to 2020, marking a historical high [4] - Shenzhen's cross-border e-commerce online transaction volume is expected to exceed 1 trillion CNY by 2025, accounting for about half of the national sellers and supporting service providers [4] - TikTok Shop in Southeast Asia is expected to double its GMV in 2025 compared to 2024, with daily GMV increasing by 90% [6] Group 3: Logistics and Supply Chain Innovations - The General Administration of Customs has launched a pilot program for multi-modal transport of import and export goods to enhance logistics efficiency and reduce costs [5] - Cainiao's global overseas warehouse order processing volume is projected to grow by 32% year-on-year in 2025, with plans to expand coverage and automation in key markets [11] Group 4: Automotive Industry Developments - BYD plans to increase its vehicle deliveries outside China by nearly 25%, aiming to sell 1.3 million vehicles internationally by 2026, up from 1.05 million last year [13]

Core Insights - The article highlights the rapid growth of cross-border e-commerce at Zhengzhou Airport, with a significant increase in import and export value, showcasing the region's role as a key player in China's economic landscape [3][13]. Group 1: Growth Metrics - In 2025, the import and export value of cross-border e-commerce at Zhengzhou Airport reached 34.779 billion yuan, marking a year-on-year increase of 53.28% and doubling compared to 2023 [3]. - The number of cross-border e-commerce enterprises registered or filed in Zhengzhou Airport reached nearly 1,000 by the end of 2025, indicating a strong clustering effect [6]. Group 2: Infrastructure and Logistics - Zhengzhou Airport completed a cross-border e-commerce cargo volume of 262,000 tons in 2025, accounting for 51.5% of the international outbound cargo volume, and operated over 4,200 cross-border e-commerce charter flights [7]. - The airport has established 26 international road transport routes, including "Zhengzhou-Moscow" and "Zhengzhou-Vientiane," facilitating the transport of 470 tons of cross-border e-commerce goods annually [7]. Group 3: Service Innovations - Zhengzhou Airport has implemented AI-driven customs clearance processes, significantly reducing the time required for customs declaration from 75 minutes to 10 minutes [11]. - The airport has developed a "cross-border e-commerce sensitive goods air transport safety control model," addressing challenges in transporting sensitive goods and promoting business growth [11]. Group 4: Economic Impact - The growth of cross-border e-commerce is seen as a successful practice of inland regions integrating into the global economy, enhancing the competitiveness of local products in international markets [13]. - The establishment of a comprehensive ecosystem for cross-border e-commerce, including platforms, warehousing, logistics, and payment systems, strengthens Zhengzhou's position in both the "Silk Road in the Air" and "Silk Road on Land" [13].

转场货物24小时随到随放 华西都市报讯（记者 姚瑞鹏）近日，记者从成都海关获悉，成都海关牵头的"跨境电商'空港快通'模 式"通过海关总署自贸创新举措备案，此前该项措施已成为中国（四川）自贸试验区（协同改革先行 区）第九批制度创新成果。 作为西南跨境电商重要枢纽，成都空港国际快件中心承担着大量跨境电商货物集散，2025年经成都空港 国际快件中心货重同比增长近30%，创历史新高。 深圳市汇通天下物流有限公司成都分公司总经理彭薇对此深有体会："现在我们仅需录入一次数据，系 统就能完成核放单、转关单自动申报，减少了两个人工申报环节，比原来节省约30分钟，对企业跨境电 商货物的转关提供了极大方便。" 同时，通过智能锁和智慧途中监控系统的应用，转关物流的各个环节都能进行实时监控、全程追溯、智 能预警。 2025年7月该模式运行以来，日均办理"空港快通"业务20车次，处理跨境电商转运单2284票、货物总量 4560吨，从成都空港国际快件中心转场到天府国际机场出口的跨境电商货物应用率超过95%。 以前，成都空港国际快件中心放行的跨境电商货物需以转关方式经公路运输至成都天府国际机场和成都 双流国际机场出口。随着跨境电商出口货物 ...

证券研究报告 晨会 hyzqdatemark 2026 年 01 月 25 日 投资要点： 资料来源：聚源，华源证券研究所，截至2026年01月23日 华源晨会精粹 20260125 固定收益 25Q4 理财资产配置有何变化——中国银行业理财市场年度报告（2025 年）点评：截至 25 年末，银行理财市场存续规模 33.29 万亿元，较 25Q3+1.2 万亿 元，较 24 年末+3.3 万亿元。由于债券收益率处于历史低位，我们预计 26 年混合类 产品存续规模会持续回升。2026 年理财规模仍有望增长 3 万亿以上。截至 25 年末， 全市场一共有 191 家理财机构，其中有 159 家银行机构，32 家理财公司，较 25Q3 分别-22 家/持平。我们预计至 26 年底，理财市场或将向理财公司持续转移。25Q4 理财大幅增配公募基金，减配权益类资产和同业存单，债券投资占比处于近年低位。 低利率时代，25Q4 理财产品平均收益率走弱。2026 年债市行情可能好于预期。建 议关注超长债波段操作机会，建议重点配置 3-5Y 资本债以获取票息，超长债搓波段， 关注多资产投资机会。 风险提示。财政政策超预期发力，导 ...

Group 1 - TikTok Shop launched the "Horizon Project" to attract brands with annual sales of at least $10 million to join its platform, aiming for a total sales target of $50 million by the end of 2026 [4] - Temu's market share is projected to equal Amazon's by 2025, with both platforms capturing nearly half of the global cross-border e-commerce market [5][7] - Alibaba's chip company T-Head is planning to restructure for independent listing, which is seen as a significant step in building its AI capabilities [9] Group 2 - The snack retail giant "Mingming Hen Mang" has initiated its IPO process, aiming to raise up to approximately HKD 3.34 billion, with a network of nearly 20,000 stores across China [10][11] - Heytea has expanded internationally, opening over 100 stores in 32 cities, with a focus on local product development for overseas markets [13] - Global memory giant SK Hynix announced record bonuses for employees, reflecting strong financial performance with a 39% year-on-year increase in sales [23]

Core Viewpoint - The second "Using Overseas Chinese to Bridge and Sell to the World" conference in Lianjiang County aims to leverage the county's marine resources and overseas Chinese networks to enhance international market competitiveness and transform local industries from product output to brand and supply chain output [1][2]. Group 1: Conference Insights - The conference gathered around 150 participants, including overseas Chinese business representatives and local enterprises, to discuss strategies for connecting Lianjiang's resources to global markets [1][2]. - Lianjiang County's Secretary Gao Shuangcheng emphasized the importance of using overseas Chinese networks to facilitate trade and economic cooperation [1][3]. - The establishment of the "Lianjiang Overseas Chinese Business Collection Center" aims to create a regular and systematic service platform for overseas trade [3]. Group 2: Market Opportunities - Brazilian e-commerce is rapidly growing, with cross-border e-commerce accounting for 66% of the market, highlighting the potential for Lianjiang's products in South America [2]. - The North American market is seeing a trend of consumption upgrades among Chinese communities, suggesting a strong competitive position for Lianjiang's seafood products [2]. - Lianjiang aims to achieve a total export volume of 10.95 billion yuan by 2025, with a year-on-year growth of 24.2% in actual exports [4]. Group 3: Industry Strengths - Lianjiang is a significant player in the seafood industry, producing one-third of the country's abalone and a quarter of fish balls, showcasing its robust industrial foundation [4]. - The county is transitioning from raw material supply to food branding, with modern seafood processing products like ready-to-eat abalone and frozen fish paste [4]. - The establishment of a global leading caprolactam production base and advancements in high-end marine equipment manufacturing further enhance Lianjiang's industrial capabilities [4]. Group 4: Supportive Ecosystem - The conference focused on creating a comprehensive service ecosystem that integrates policy, logistics, finance, and legal support for cross-border trade [6]. - Eight cooperation projects were signed at the conference, with an intended trade amount of 137 million yuan, covering various sectors including direct procurement and brand alliances [6]. - Continuous optimization of the cross-border trade business environment is a priority for Lianjiang's government to support enterprises and overseas Chinese businesses [6].