那么，出口信用保险助力"外贸之城"，有何亮点？按照深圳海关数据，2025年深圳的"外贸朋友圈"持续 拓展，对共建"一带一路"国家的进出口额为1.57万亿元，占全市总额的34.5%。与国家战略相契合， 2025年，深圳信保承保深圳企业向"一带一路"共建国家出口和投资金额超520亿美元，同比增长42%， 助力中国技术、中国标准和中国装备"出海"。 记者还注意到，为破解中小微外贸企业面临的出海"信息不对称"与"融资难"，目前深圳已为遭遇海外买 家拒付货款的企业客户提供专业理赔服务。另一方面，深圳升级大统保服务生态，将覆盖全球5亿家企 业信息的"全球查"资信服务工具与深圳中小微企业统保平台对接，为企业开拓国际市场提供信息便利， 以增强"外贸之城"的内生动力。 不过，国际贸易环境趋于复杂也是2025年外贸行业的关键挑战。按照深圳信保披露的数据，去年承保对 美出口金额超140亿美元，逆势增长123%；对RCEP国家和新兴市场承保金额分别超212亿美元和434亿 美元，分别增长77%和49%。带动银行为企业提供融资服务，增长158%。 那么，深圳"走出去"的企业普遍面临哪些共性问题？相关人士坦言，首先不确定性不稳定性增加， ...

在拓展对外开放方面，西宁市将实施"双60"并增计划，即力争实现进出口额破60亿元、国际班列开行60 列，以此推动新能源产品、特色农牧产品等扩大出口。通过提升跨境电商综试区功能，积极拓展"一带 一路"和RCEP市场。并通过优化营商环境，落实外资负面清单，吸引更多知名企业落户。此外，西宁还 将积极申报现代商贸流通体系试点城市，完善城乡冷链物流与共配网络，改造县乡商业设施，并扩围升 级便民生活圈，发展智慧商店等服务，满足群众多元化消费需求。 深挖内需潜力方面，西宁市将持续实施汽车、家电以旧换新及油品直补等惠民政策，直接拉动大宗消 费。同时，深度推进商文旅体融合，借助青超联赛、青洽会等大型活动平台创新消费场景，将赛事"流 量"转化为消费"增量"。依托全国"消费新业态新模式新场景"试点城市建设，西宁将加快培育青年潮 购、银发经济、康养休闲等新增长点，积极策划四季主题购物节与特色年货大集，全力打造区域消费创 新策源地。值得关注的是，西宁已成功入选国家消费"有奖发票"试点城市，成为青海省唯一入选城市， 为期6个月的试点实施将进一步激发消费市场潜能。 本报西宁讯 （记者 张慧慧） 2月5日，记者从西宁市商务局获悉，为充分激发 ...

Group 1 - In 2025, China's total goods trade import and export value reached 45.47 trillion yuan, marking a historical high with a year-on-year growth of 3.8%, maintaining growth for nine consecutive years [2] - ASEAN remains China's largest trading partner, with trade value between China and ASEAN reaching 7.55 trillion yuan in 2025, a year-on-year increase of 8%, accounting for 16.6% of China's total foreign trade [2] - The RCEP (Regional Comprehensive Economic Partnership) continues to play a stabilizing role, with trade value between China and other RCEP members reaching 13.85 trillion yuan in 2025, growing by 5.3%, surpassing the overall growth rate of China's foreign trade [3] Group 2 - The RCEP has established the world's largest free trade area, and there is a call for China and ASEAN to promote RCEP construction to create a unified regional market and enhance multilateral trade systems [3] - Technological innovations such as artificial intelligence and digital economy are becoming increasingly important areas of cooperation between China and ASEAN, with plans for a digital cooperation action plan from 2026 to 2030 [3] - ASEAN has become a concentrated area for Chinese enterprises' overseas investments due to factors like labor costs, cultural proximity, geographical location, resource endowment, and market potential [4] Group 3 - The economic growth forecast for Southeast Asia in 2026 shows varying rates, with Vietnam expected to grow by 7.6%, followed by the Philippines at 5.3%, and Cambodia at 5.1% [5] - Challenges remain for some ASEAN countries, including political and economic instability, which necessitates careful risk assessment by enterprises [5] - Recommendations for Chinese enterprises to enhance localization and sustainable development in ASEAN include understanding local conditions, leveraging free trade policies, and establishing sustainable partnerships [5]

Core Viewpoint - Qingdao Port has expanded its international container shipping routes, increasing the total number of foreign trade routes to nearly 240, connecting with over 700 ports in more than 180 countries and regions by January 2026 [1][3]. Group 1: Expansion of Shipping Routes - In January 2023, Qingdao Port launched four new international container shipping routes, including the Mediterranean Shipping's Australia route and COSCO's Red Sea and Southeast Asia routes [1][3]. - The Red Sea route connects Qingdao Port with Jeddah Port in Saudi Arabia, facilitating stable logistics for bulk commodities and supporting the export of China's emerging industries such as new energy vehicles and photovoltaic products [3]. - The new Mediterranean route provides direct access between northern China and key Australian ports like Sydney and Brisbane, enhancing service for the machinery and chemical industries [3]. Group 2: Economic Impact and Trade Facilitation - Shandong Province's foreign trade import and export value is projected to reach 3.53 trillion RMB in 2025, reflecting a year-on-year growth of 4.5%, which supports the expansion of Qingdao Port's shipping routes [3]. - The two Southeast Asia routes enhance the benefits of the Regional Comprehensive Economic Partnership (RCEP), deepening regional economic cooperation and facilitating trade in electronic products and specialty agricultural products [3]. - Qingdao Port's network includes 56 inland ports and 86 sea-rail intermodal trains, forming a "golden channel" that has maintained the highest container volume in sea-rail intermodal transport in China for 11 consecutive years [4].

齐鲁晚报·齐鲁壹点记者 赵波 2026年开局，山东港口青岛港（601298）航线拓展按下"加速键"：短短一个月内，地中海航运澳新线、 中远海运红海线及东南亚线、正利航运东南亚线4条集装箱新航线密集开通，外贸航线总数扩容至近240 条，稳居北方港口航线数量、密度双第一。这一突破不仅为北方外贸企业搭建起连通全球的"海上高 速"，更以精准布局服务"一带一路"建设、中澳经贸合作、RCEP区域融合等国家战略，彰显出东北亚国 际航运枢纽的核心竞争力与辐射带动力。 新航线布局蕴含"战略深意" 航线布局，是观察区域经济脉动与国家战略布局的重要窗口。数据显示，2025年山东省外贸进出口总值 3.53万亿元人民币，同比增长4.5%，对共建"一带一路"国家进出口占比超六成，对非洲、中东地区进出 口增速分别为38.6%、18.5%。 强劲的贸易动能为航线扩容提供了坚实支撑。4条新航线密集开通，便是青岛港精准对接国家发展战 略，联动全球航运巨头适配外贸发展新形势的主动作为。 从激活RCEP区域合作红利看，两条东南亚线进一步深化区域经贸合作，加密了青岛港至泰国林查班等 东盟主要港口的航线网络，深度释放关税减免、贸易便利化政策效能，为电子 ...

Group 1 - The Regional Comprehensive Economic Partnership (RCEP) has been in effect for four years, significantly benefiting China's foreign trade and high-quality development, particularly in Ningxia, where local enterprises have exported goods worth over 1.9 billion yuan [1] - The Yinchuan Customs issued 2,812 RCEP certificates of origin, enabling companies to enjoy tariff reductions totaling nearly 60 million yuan [1] - In 2025, Ningxia's enterprises saw a 94.5% year-on-year increase in import value under RCEP, amounting to 40 million yuan, with tariff reductions exceeding 1 million yuan, a 115.6% increase [1] Group 2 - Ningxia is actively implementing RCEP policies tailored to its unique industries, such as goji berries, wine, and chemicals, by providing customized guidance based on the tariff reduction list [2] - Yinchuan Customs has introduced intelligent review and self-printing of certificates of origin to enhance efficiency, and has supported AEO enterprises in obtaining self-issued origin declaration qualifications [2] - A semiconductor company in Ningxia optimized its supply chain using regional accumulation rules, saving approximately 2 million yuan in taxes by exporting semiconductor materials to South Korea with zero tariffs [2]

Investment Rating - The report maintains a stable outlook for the Chinese port industry, reflecting a robust credit status for the next 12 to 18 months [7]. Core Insights - Since 2025, the container throughput has seen significant growth due to multiple waves of export surges, increased demand from emerging markets, and a rise in high-value product exports. Domestic transportation and bulk commodity imports have also contributed to a favorable increase in total cargo throughput, surpassing the growth rate of the previous year [6][41]. - The competitive landscape among major ports remains largely unchanged, with hub ports strengthening their scale advantages and some southern ports experiencing robust growth [7]. - Despite a weak global economic and trade growth outlook, China's enhanced industrial chain competitiveness and diversified trade layout provide resilience for foreign trade. Domestic fiscal and monetary policies are expected to support internal trade and import transportation demand, stabilizing port throughput [24][41]. Industry Fundamentals - Container throughput in China increased by 6.6% year-on-year to 325 million TEU from January to November 2025, with foreign trade containers growing by 9.5% [9]. - Total cargo throughput for the same period rose by 4.41% to 1.675 billion tons, with foreign trade cargo throughput increasing by 4.12% to 516.1 million tons [9]. - The investment in water transport construction remains high, although equity investment has peaked, with ongoing internal integration and overseas investment needs [6][41]. Financial Performance - Port enterprises have maintained a good profit realization capability, with a slight increase in financial leverage but strong debt repayment ability. Future cargo throughput growth is expected to support profitability, while construction efforts are anticipated to slow down [32][41]. - From January to September 2025, the average operating revenue of 14 sample enterprises grew by only 2.44% year-on-year, influenced by changes in revenue recognition and a contraction in non-port business scale [33]. - The average net cash flow from operating activities increased by 0.49%, indicating a stable cash generation capability [35]. Conclusion - The report concludes that despite global economic challenges and uncertainties in the foreign trade environment, China's port industry is expected to achieve low-speed growth in cargo and container throughput, with a stable credit level anticipated [41].

证券研究报告·黑龙江省资本市场跟踪报告 2026 年 2 月 3 日 江海证券研究发展部 执业证书编号：S1410524040001 机械军工行业研究组 黑龙江省资本市场跟踪双周报 — — 分析师：张诗瑶 （2026.1.18-2026.1.31） 投资要点： 江海证券有限公司及其关联机构在法律许可的情况下可能与本报告所分析的企业存在业务关系，并且继续寻求发展这些关系。因此，投资者应当考虑到本公司可能存在影响本报告客观性的 利益冲突，不应视本报告为投资决策的唯一因素。 敬请参阅最后一页之免责条款 黑龙江省资本市场跟踪报告 1. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.12.21-2026.1.3)–2026.01.05 2. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.12.7-2025.12.20)–2025.12.22 3. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.11.23-2025.12.6)–2025.12.08 4. 江海证券-黑龙江省资本市场跟踪-黑龙 江省资本市场跟踪双周报— （2025.1 ...

台湾的政坛，正被这样一种麻木不仁的"不变"所吞噬。赖清德口中念念有词的"捍卫台湾"，只是包装分 裂企图的政治口号。他拒绝赴立法机构报告，称其非"宪政责任"；他任由"大法官""监察院长"悬置，把 台湾行政司法机关当作政党私产；他将军购预算当成政治筹码，把两岸关系拖入零和博弈的死胡同。他 不是在"保护"台湾，而是不遗余力且歇斯底里地透支台湾、掏空台湾，是要把2300万台湾民众紧紧绑 在"台独"的战车上，充当"台独"陪葬品。当加拿大、韩国、英国的领导人纷纷访华，寻求战略自主空间 时，台湾的"台独"政客却还在幻想"倚美谋独"，以为只要抱紧华盛顿的大腿，就还能像以前一样兴风作 浪、为所欲为，简直是白日大梦。 世界越乱，中国提供的确定性、稳定性就越显珍贵和重要。台湾若想在时代的变局中找到位置，不是靠 唱"抗中保台"的老调，而是要问：能否在两岸融合发展中创造新的经济增长？能否在大陆的广阔市场中 抓住新的发展机遇？能否在RCEP、"一带一路"的延伸脉络中，找到自己的产业坐标？答案显而易见： 只有放下"台独"邪念，拥抱统一大势，台湾才能从一直被利用的"棋子"变成"不可或缺的支点"，而"台 独"已是死路。随着百年变局加速演进，台 ...

Group 1 - The core viewpoint of the news is the implementation of the "Thousand Enterprises, Hundred Exhibitions" action plan by the provincial commerce department to support enterprises in expanding international markets and enhancing their international operational capabilities [1] - The action plan includes a total of 200 exhibitions planned for 2026, with 4 directly organized by the provincial commerce department and 196 under the "Thousand Enterprises, Hundred Exhibitions" initiative [1] - Among the 178 overseas exhibitions, 134 are related to countries involved in the Belt and Road Initiative, 43 are in traditional markets such as the US, Japan, and Europe, and 10 are in other markets [1] Group 2 - The plan aims to consolidate market share in traditional markets while actively expanding into emerging markets such as the Belt and Road and RCEP, optimizing the trade market structure [2] - The initiative encourages the integration of advantageous local industries with foreign trade and promotes the use of digital tools for precise marketing and brand promotion [2] - The goal is to accelerate the cultivation of new foreign trade dynamics that are characteristic of Shanxi province [2]