Core Viewpoint - The third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference was held in Guangzhou, focusing on international supply chain collaboration and global trade risk management, with approximately 1,200 participants from various sectors [1] Group 1: Conference Highlights - The conference emphasized cross-border financial cooperation, commercial legal collaboration, and the integration of artificial intelligence and biomedicine industries [1] - Guangdong has attracted over 260,000 enterprises from Hong Kong and Macau, with the import and export scale to Hong Kong and Macau exceeding 1 trillion RMB in 2024 [1] - The region produces 70% of the world's consumer drones, 40% of smartphones, 25% of new energy vehicles, and 20% of integrated circuits, indicating significant industrial collaboration [1] Group 2: Supply Chain Report - The first "Guangdong-Hong Kong-Macao Greater Bay Area Supply Chain Promotion Report" was released, detailing the supply chain promotion situation in the region [1] - The report includes a supply chain map for smart vehicles and innovative pharmaceuticals, highlighting new opportunities for industrial cooperation and enterprise innovation [1] - It proposes 39 forward-looking and scientific policy recommendations across four areas: high-quality infrastructure, collaborative supply chain policies, vibrant innovation environments, and inclusive financial services [1]

人民财讯9月15日电，今天（15日）上午，以"赋能大湾区 共拓新机遇"为主题的第三届粤港澳大湾区发 展工商大会在广州举行。来自粤港澳三地和国外商协会，以及业内专家和企业代表等约1200人参加会 议，共商粤港澳大湾区的发展。本次大会聚焦国际供应链协同创新与全球贸易风险应对。着眼粤港澳大 湾区跨境金融合作、商事法律合作促进、人工智能和生物医药大健康产业对接等国际工商界关注的问题 进行深入交流。 在第三届粤港澳大湾区发展工商大会上，还首次发布了《粤港澳大湾区供应链促进报告》。报告共有四 个章节，立足工商界视角，系统梳理近年来大湾区供应链促进情况。首次绘制了大湾区智能汽车、创新 药供应链图谱，揭示了供应链促进体系为湾区产业合作、企业创新带来的新机遇。 （原标题：绘制大湾区发展新图谱 《粤港澳大湾区供应链促进报告》发布） 转自：证券时报 ...

本次大会以"赋能大湾区，共拓新机遇"为主题，由中国贸促会、广东省人民政府、香港特别行政区 政府、澳门特别行政区政府主办。来自国内外政府机构、工商界代表1200余人出席。 新华社广州9月15日电 第三届粤港澳大湾区发展工商大会15日在广州开幕，全国政协副主席姜信治 出席开幕式并致辞。 姜信治表示，建设粤港澳大湾区，是习近平主席亲自谋划、亲自部署、亲自推动的重大国家战略， 也是推动"一国两制"事业发展的新实践。《粤港澳大湾区发展规划纲要》发布6年来，粤港澳三地紧密 携手，推动大湾区经济实力、区域竞争力显著增强。希望与会各方深化交流合作，共同谱写粤港澳大湾 区高质量发展的新篇章，为建设开放型世界经济、构建人类命运共同体作出积极贡献。 ...

日前，江苏省南通市上海商会组织30余位企业家代表赴横琴粤澳深度合作区开展"出海首站·港澳深度创新交流合作行"专题考察活动。合作区经济发展局副 局长黄中坚带队陪同考察，与客商围绕制度创新、跨境政策、产业协同等议题深入交流，共探长三角与粤港澳大湾区战略联动新路径。 聚焦国家战略平台 共谋开放发展机遇 黄中坚系统介绍了合作区战略使命与政策体系："合作区正全力构建'1+4'开放体系——以特殊税收制度为基础，推动人流、物流、资金流、信息流高效流 动。"目前，合作区对符合条件企业按15%征收企业所得税，高端紧缺人才个税税负不超过15%，并加速推进多功能自由贸易账户（EF账户）落地，为企业 跨境资金管理提供国际通行解决方案。 南通市上海商会党支部书记兼执行会长张亦弛表示，横琴粤澳深度合作区作为粤港澳大湾区发展的核心引擎之一，其独特的政策优势、国际化营商环境及产 业创新生态，与南通市上海商会推动 "产业链、创新链、价值链"三链融合的目标高度契合。 上海联合国研究会会长何建华在主题发言中指出："横琴'澳门平台+国际资源+横琴空间'的联动模式，为长三角企业对接葡语国家市场架设了战略桥梁。"合 作区目前正联合澳门筹建中国-葡语(西 ...

Core Insights - The China Securities Index for the Guangdong-Hong Kong-Macao Greater Bay Area has shown a positive performance, with a 0.94% increase as of September 5, 2025, and notable gains in constituent stocks such as Tianci Materials and Yiwei Lithium Energy [1][4] Performance Summary - The Greater Bay Area ETF (512970) has increased by 0.22% recently, with a latest price of 1.39 yuan, and a cumulative increase of 1.61% over the past two weeks [1] - The ETF has achieved a net value increase of 40.75% over the past year, with the highest monthly return recorded at 21.99% since its inception [1][2] - The ETF's average monthly return during rising months is 5.38%, and it has outperformed its benchmark with an annualized excess return of 8.73% over the last three months [1] Liquidity and Trading Activity - The trading volume for the Greater Bay Area ETF was 3.14 thousand yuan with a turnover rate of 0.04% [1] - The average daily trading volume over the past month was 70.97 thousand yuan [1] Risk and Fee Structure - The management fee for the Greater Bay Area ETF is 0.15%, while the custody fee is 0.05% [2] Tracking Accuracy - The tracking error for the Greater Bay Area ETF over the past month is 0.028%, indicating a close alignment with the underlying index [3] Top Holdings - The top ten weighted stocks in the index account for 49.06%, with major companies including Ping An Insurance, BYD, and China Merchants Bank [4][6]

Core Viewpoint - The company is focusing on the opportunities presented by the development of the Guangdong-Hong Kong-Macao Greater Bay Area, which is recognized as one of the most dynamic and open regions in China, driving demand for customized elevator upgrades and smart maintenance services [1] Company Overview - Founded in 1997, the company specializes in the research, development, production, sales, installation, and maintenance of elevators, escalators, moving walkways, and related components [1] Financial Performance - In the first half of the year, the company achieved a revenue of 1.858 billion yuan and a net profit attributable to shareholders of 180 million yuan, representing a year-on-year growth of 2.29% [1] - The company's earnings per share increased to 0.2254 yuan, reflecting a 2.27% year-on-year improvement [1] Strategic Focus - The company is enhancing its regional organizational structure in the Greater Bay Area and actively optimizing its channels to achieve high-quality development [1] - The ongoing urban renewal and smart city initiatives in the region are expected to further boost the demand for the company's products and services [1]

Group 1 - The National Financial Supervisory Administration has approved Fubon Bank (Hong Kong) Co., Ltd. to establish a branch in Shenzhen, which will enhance its cross-border financial layout and enrich the foreign capital ecosystem in Qianhai [1] - Fubon Bank (Hong Kong) is a wholly-owned subsidiary of Fubon Financial Holding Co., Ltd., which is the second-largest financial holding company in Taiwan by total assets and the largest by market capitalization [1] - The establishment in Qianhai is driven by the potential of the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to leverage Qianhai's cross-border financial advantages to improve service quality and products for cross-border enterprises [1] Group 2 - With the continuous improvement of financial reform and the integration of financial rules between Shenzhen and Hong Kong, Qianhai is strengthening its role as a pilot demonstration window for the opening of the financial industry and an innovation zone for cross-border RMB business [2] - The added value of the financial industry in Qianhai is projected to double from 20.8 billion yuan in 2022 to 49.2 billion yuan in 2024, maintaining a growth rate of 13.8% in the first half of 2025 [2] - Currently, there are 503 financial institutions in Qianhai, with nearly 30% being Hong Kong and foreign financial institutions [2]

Core Insights - The Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has shown a positive performance, with a 0.75% increase as of August 27, 2025, and notable gains in constituent stocks such as ShenNan Circuit (002916) and XingSen Technology (002436) [2][4] Performance Summary - The Greater Bay Area ETF (512970) has experienced a 0.35% increase, marking its fourth consecutive rise, with a latest price of 1.43 yuan [2] - Over the past week, the Greater Bay Area ETF has accumulated a 4.93% increase, with a recent trading volume of 21.70 million yuan and an average daily trading volume of 108.33 million yuan [2][3] - The ETF's net asset value has risen by 46.19% over the past year, with the highest monthly return recorded at 21.99% since its inception [2][3] Risk and Return Metrics - The Sharpe ratio for the Greater Bay Area ETF over the past year stands at 1.60, indicating a favorable risk-adjusted return [3] - The ETF has experienced a relative drawdown of 0.43% compared to its benchmark this year, with a recovery period of 108 days [3] Fee Structure - The management fee for the Greater Bay Area ETF is set at 0.15%, while the custody fee is 0.05% [3] Tracking Accuracy - The tracking error for the Greater Bay Area ETF over the past month is reported at 0.027%, demonstrating its close alignment with the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index [3] Top Holdings - As of July 31, 2025, the top ten weighted stocks in the Zhongzheng Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index account for 50.37% of the index, with major companies including China Ping An (601318) and BYD (002594) [4][6]

Core Viewpoint - The company reported a significant increase in revenue and profit for the six months ending June 30, 2025, indicating strong financial performance and a positive outlook for future growth opportunities [1][2]. Financial Performance - The group's unaudited revenue from continuing operations reached HKD 94.28 billion, with a 9.1% increase in profit attributable to owners amounting to HKD 26.99 billion compared to HKD 24.73 billion in 2024 [1]. - The unaudited comprehensive profit attributable to owners increased by 11.2% to HKD 26.82 billion, up from HKD 24.11 billion in 2024 [1]. - The board declared an interim dividend of HKD 0.2666 per ordinary share, an increase from HKD 0.2397 in 2024 [1]. Debt and Financial Ratios - As of June 30, 2025, the capital debt ratio for continuing operations was 24.7%, a decrease from 30.9% on December 31, 2024 [1]. - The company's debt repayment and interest coverage remained robust, with an EBITDA to financial expenses ratio of 16.2 times as of June 30, 2025, compared to 10.5 times on December 31, 2024 [1]. Strategic Focus - The company aims to extend its water resources segment into high value-added areas, focusing on business structure transformation and upgrading [2]. - There is an emphasis on optimizing asset portfolios and resource allocation while actively seeking investment and acquisition opportunities related to the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan" [2]. - The company seeks to achieve breakthroughs in profit growth and enhance overall operational performance and value [2].

Core Viewpoint - The establishment of the "Guangdong-Hong Kong-Macao Greater Bay Area Youth Internet Literacy Collaborative Cultivation Mechanism" marks a significant step in enhancing youth internet literacy through regional cooperation among social organizations in the Greater Bay Area [1][2]. Group 1: Mechanism Overview - The mechanism is the first regional collaboration focused on youth internet literacy in China, signed by four social organizations from Guangdong, Hong Kong, and Macao [1]. - It aims to improve youth's ability to use the internet scientifically, civilly, safely, and reasonably, while enhancing their awareness of data security and national security [1]. Group 2: Collaborative Efforts - The participating organizations will jointly develop quality courses, create healthy online content, build practical platforms, and host themed activities to evaluate effectiveness [1]. - The collaboration seeks to leverage expertise in internet industry, data security, and content creation to enhance youth internet literacy across the Greater Bay Area [1]. Group 3: Organizational Perspectives - The Guangdong Internet Industry Association emphasizes the mechanism's role in providing solid leadership and support for future cooperation in enhancing youth internet literacy [2]. - The Guangdong Data Security and Personal Information Protection Association focuses on improving personal information protection literacy as a foundation for the collaborative mechanism [2]. - The Hong Kong Internet Influencers Association expresses enthusiasm for contributing to national development and hopes for more projects that engage youth from all three regions [2]. - The Macao Live Streaming Association looks forward to enhancing collaboration and injecting unique cultural vitality into the youth internet literacy cultivation [2]. Group 4: Event Organization - The event was co-hosted by several governmental bodies in Guangdong and organized by the Southern Metropolis Daily, aiming to deepen practical cooperation and contribute to high-quality economic and social development in the Greater Bay Area [3].