Group 1 - The event held in Guangzhou on June 10 focused on enhancing cross-border cooperation between Guangdong and ASEAN countries, aiming to boost bilateral trade and investment [1][3] - Multiple cooperation outcomes were achieved, including the signing of a memorandum of cooperation between Guangdong Provincial Council for the Promotion of International Trade and ASEAN business organizations, and the establishment of the "Guangdong-ASEAN International Supply Chain Cooperation Alliance" [1][10] - The total trade volume between Guangdong and ASEAN is projected to account for one-fifth of China's trade with ASEAN by 2024, highlighting the growing importance of this partnership [3][6] Group 2 - The "Yue Chain ASEAN" online platform was launched to facilitate cross-border cooperation and enhance the level of supply chain collaboration between Guangdong and ASEAN [9][10] - Guangdong enterprises are increasingly investing in ASEAN markets, with significant projects in sectors such as green energy, digital economy, and manufacturing [3][6] - The establishment of trade and investment service centers in Cambodia, Malaysia, Singapore, Indonesia, and Vietnam aims to support Guangdong enterprises in expanding their market presence [10][12] Group 3 - The beauty and cosmetics industry is expected to see significant growth in trade between China and ASEAN, with bilateral trade projected to reach $982.3 billion by 2024 [6] - Guangdong's manufacturing capabilities and technological innovation are seen as key advantages for ASEAN countries, particularly Indonesia, which is looking to strengthen its industrial base [4][6] - The collaboration between Guangdong and ASEAN is expected to create new business opportunities and enhance the efficiency of regional supply chains [3][10]

Core Insights - The Hong Kong Chief Executive, John Lee, will attend a Legislative Council meeting to discuss accelerating the development of the Northern Metropolis [1] - The latest issue of the Legislative Council's "Special Bulletin" highlights the Hong Kong-Shenzhen Innovation and Technology Park, which includes areas for health technology, artificial intelligence, and advanced manufacturing [1] - The park is expected to contribute up to HKD 52 billion annually to Hong Kong's economy upon full development [1] Group 1 - The Northern Metropolis Innovation and Technology Belt's strategic layout and development progress are outlined, emphasizing cross-border cooperation advantages [1] - Legislators suggest leveraging cross-border cooperation in areas such as data flow, intellectual property protection, and fintech innovation [1] - Recommendations include developing a "pilot base" in the Hong Kong-Shenzhen Innovation and Technology Park and introducing more incentives to attract international investment [1] Group 2 - To enhance talent training and promote "industry-academia-research" collaboration, legislators propose establishing a research and technology transfer base at the Northern Metropolis University Education City [2] - Encouragement for higher education institutions to collaborate with renowned universities domestically and internationally to create synergistic effects through resource sharing and industry linkage [2]

作 者丨杨坪 视频记者丨甘俊 实习生杨帆 2 0 2 2年底及2 0 2 3年底，新交所与深交所、上交所相继开通了"ETF互通"。截至目前，中新互 挂ETFs已达到9只，总规模约6 . 3亿新元；2 0 2 4年以来，新交所成功发行了两只熊猫债。近年 来，蔚来汽车、海伦司等中国企业也纷纷赴新上市。 据罗文才介绍， 目前新交所三分之一的上市企业源于新加坡之外的地区，其中 111 家企业来 自大中华区。 然而，不同于十年前热火朝天的全球化图景，2 0 2 5年开局，特朗普挥舞关税大棒，世界局势 震荡起伏。 逆全球化浪潮之下，国际交易所间的合作会受到哪些影响？全球交易所发展的趋势是否会改 变？全球市场不确定性风险笼罩，新交所与中国的金融合作又将如何展开？ 聚焦这些问题，罗文才接受了2 1世纪经济报道记者的专访。 罗文才认为， 在不确定性与风险并存的时代，交易所间的深度合作比以往任何时候都更具战 略价值，"正是通过这种深化协作，交易所才能构建起一个生态系统，促进跨境资本流动，并 为投资者提供更丰富的选择。" 编 辑丨巫燕玲 "中国经济正在经历历史性的转变，下一个全球的冠军将来自于此。我们希望通过与中国资本 市场的合作 ...

Core Viewpoint - The Singapore Exchange (SGX) is strategically enhancing its collaboration with Chinese capital markets to facilitate cross-border capital flow and support the growth of innovative enterprises in China [2][3][5]. Group 1: SGX's Development Strategy - SGX has undergone significant reforms over the past decade, including allowing dual-class shares and SPAC listings, and has focused on sustainable finance [2][5]. - As of 2023, SGX has established "ETF mutual access" with both the Shenzhen Stock Exchange and the Shanghai Stock Exchange, with a total of 9 mutual ETFs amounting to approximately 630 million SGD [2]. - In 2022 and 2023, SGX successfully issued two panda bonds, and notable Chinese companies like NIO and Helen's have listed in Singapore [2][5]. Group 2: Cross-Border Cooperation - The CEO of SGX emphasizes that deepening cooperation between exchanges is crucial in an era of uncertainty, as it fosters an ecosystem that enhances cross-border capital flow and offers investors diverse options [3][6]. - Cross-border collaboration is seen as a means to accelerate innovation, leveraging the strengths of different markets to support sustainable growth [6][8]. Group 3: Market Performance and Growth - SGX reported a 27.3% year-on-year increase in adjusted net profit for the first half of FY2025, reaching 320.1 million SGD, with net revenue growing by 15.6% to 646.4 million SGD [5]. - The exchange's trading volume has significantly increased as investors seek quality assets amid market volatility [5]. Group 4: Future Prospects and Technological Development - SGX is considering the development of more ETF products and broader index development in collaboration with Chinese exchanges to attract international investors [9]. - The exchange is integrating AI tools for regulatory monitoring and is deploying cloud computing solutions to enhance its infrastructure and develop next-generation trading systems [9].

Group 1 - The Shenzhen Stock Exchange hosted the 2025 Global Investor Conference, emphasizing that investing in China equates to investing in the future [1] - The conference featured discussions on cross-border cooperation opportunities and best practices in overseas markets, with participation from key figures in global exchanges [1][3] - Hong Kong's role as the largest offshore RMB center continues to deepen, with the Stock Connect mechanisms facilitating significant daily trading volumes exceeding 100 billion [3] Group 2 - The Abu Dhabi Securities Exchange (ADS) ranks among the top twenty global exchanges with a market capitalization of $820 billion and offers 16 ETFs covering various regions [3][4] - ADS has undergone a major transformation to a holding company model, focusing on post-trade services and technological upgrades to attract cross-border capital [4] - Luxembourg Stock Exchange emphasizes the importance of cross-border cooperation to redirect capital towards sustainable development, serving as a gateway for European investors to access Chinese markets [4] Group 3 - Saudi Arabia is undergoing a significant economic transformation, comparable to China's in 2000, with multi-trillion-dollar infrastructure projects across various sectors [4][5] - Chinese companies are playing a crucial role in Saudi Arabia's industrialization, with local partnerships enhancing corporate value [4] - Future cooperation between China and Saudi Arabia is expected to extend beyond traditional infrastructure to include sectors like electric vehicles and battery technology [5]

Group 1 - The core viewpoint of the articles highlights the proactive measures taken by Chongzuo City to leverage the Regional Comprehensive Economic Partnership (RCEP) for enhancing cross-border cooperation and economic development [1][2] - Chongzuo City is implementing a collaborative support system of "port + park + industry" to attract investment and facilitate the construction of 34 major projects, including the China-ASEAN (Chongzuo) Fruit Trading Center [1] - The city has allocated 35.7272 million yuan for port construction funding since 2025, focusing on upgrading the Friendship Pass smart port and improving customs efficiency [1] Group 2 - In the first quarter of this year, Chongzuo City raised 16 million yuan in special funds to support projects aimed at transforming traditional wood industry into intelligent, high-end, and green production [1] - The city has also coordinated 75.31 million yuan in the first quarter to support the construction of key national highways, enhancing transportation efficiency for over 200,000 residents along the routes [2] - An allocation of 32 million yuan has been designated for the expansion of the Left River Mountain Show Ship Lock, which will increase its navigation capacity to 18.33 million tons per year, facilitating connections between China and ASEAN [2]