Group 1 - The "2025 China Enterprises Going Global Summit" was held in Shenzhen, focusing on providing a high-end platform for Chinese companies to tackle challenges and explore win-win transformation paths in the context of global industrial chain restructuring [1] - The summit was co-hosted by the Global Council for Chinese Enterprises Going Global, emphasizing the theme "For an Open World" [1] Group 2 - Zhang Tao, Vice President of the Saudi Chinese Business Investors Association, highlighted the significant opportunities and risks for Chinese companies entering the Saudi market, comparing it to the missed opportunities in Shenzhen 30 years ago [3] - Saudi Arabia, as the center of 2 billion Muslims, presents a vast market potential, with an estimated trade opportunity of approximately 3 trillion RMB expected to be released by 2035 due to 16 major events in the next decade [3] - Companies must be aware of the high localization requirements, language barriers, and cultural differences in Saudi Arabia, with company registration taking 60 to 70 days and costs being about five times higher than in the UAE [3] - The strict penalty system in Saudi Arabia poses risks for non-compliant companies, which may face substantial fines [3] - The importance of consulting culture was emphasized, as consultants can help companies save costs and mitigate risks, rather than relying solely on individuals with royal connections [3] - Brand building is crucial for success in the Middle East, as local consumers tend to favor Western brands, necessitating Chinese companies to enhance their brand value [3][4] Group 3 - Companies should focus on long-term strategic vision and compliance when entering the Saudi market, seeking professional consulting support to navigate various challenges for sustainable development [4]

Core Viewpoint - Promoting regional coordinated development is a key measure to accelerate the construction of a new development pattern and promote high-quality development [1] Group 1: Strategic Initiatives - The "14th Five-Year Plan" and the 2035 vision outline support for Shenzhen, Pudong, and Zhejiang to drive significant national regional strategies [1] - Shenzhen aims to implement an innovation-driven development strategy and build a modern economic system, becoming a global benchmark city [1] - Pudong focuses on establishing a high-standard international economic and trade rule system, enhancing its role in global resource allocation [1] - Zhejiang is working on a framework for common prosperity, providing a provincial model for nationwide implementation [1] Group 2: Achievements and Progress - Shenzhen's GDP increased from 2.78 trillion yuan in 2020 to 3.68 trillion yuan in 2024, maintaining the top position in industrial output and patent applications [2] - Pudong has expanded its high-level institutional openness, enhancing its global resource allocation capabilities and launching new financial products [2] - Zhejiang's income disparity between urban and rural residents decreased from 1.96 in 2020 to 1.83 in 2024, with urban and rural income levels reaching 78,000 yuan and 43,000 yuan respectively [2] Group 3: Future Directions - Emphasis on deepening reforms to create a market-oriented, legal, and international business environment, ensuring fair competition for private enterprises [3] - Focus on building globally influential innovation hubs, enhancing strategic scientific capabilities, and fostering a robust innovation ecosystem [4] - Development of international competitive advantages through high-level institutional openness and expanding service industry access [4]

作为世界上最大的上市石油和石化企业之一，埃克森美孚在燃油车领域拥有较强的技术和产品储备，但在新能源汽车领域的资源并不多。在这样的情况下， 美孚1号车养护如何构建在其在新能源汽车维保市场的品牌影响力？ "美孚1号车养护的门店形象在业内还是比较受认可的，加入新能源元素之后，我们会把品牌形象在新能源的角度做一些扩充，包括增加新能源的专属标识以 及新能源车型的工具墙和专业产品，提升整体的（新能源）氛围。从去年开始，我们跟行业协会还开设了两期新能源汽车故障诊断维修专项培训班。"刘霄 说。 在新能源战略发布当日，美孚1号车养护宣布与中国汽车维修行业协会联合制定行业首个关于"电动汽车油液产品服务规范"的团体标准，该标准明确新能源 汽车油液产品养护的标准化操作流程。 "我觉得消费者还是希望（选择）多元化，他们对维保便利性的长期诉求会一直存在。如果参考燃油车维保市场的发展历程，那么随着新能源汽车的不断普 及，车辆继续增多，以及车主们的诉求增加，相关维保项目的普遍（开放）化一定是个不可逆的趋势。"6月26日，孚创总经理兼董事刘霄在接受经济观察报 等媒体采访时说。 刘霄这一表态直指现阶段新能源汽车维修难的问题。目前，新能源汽车电池 ...

证券研究报告 "科技自立自强"，重视自主可控 ——每周主题、产业趋势交易复盘和展望 证券分析师：陈刚 执业证书编号：S0600523040001 邮箱：cheng@dwzq.com.cn 研究助理：孔思迈 执业证书编号：S0600124070019 邮箱：kongsm@dwzq.com.cn 2025年6月28日 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 目录 1、本周市场回顾 2、产业趋势交易回顾与展望 3、风险提示 2 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 数据来源：Wind，东吴证券研究所 一：大盘表现 1. 本周市场回顾 注：本周交易日为6月23日-27日 （如无特殊说明）后文同 3 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 一：大盘表现 ✓ 上证指 ...

Group 1 - The "2025 China Enterprises Going Global Summit" was held in Shenzhen, focusing on providing a high-end platform for Chinese companies to tackle challenges in global expansion and explore paths for ecological win-win transformation [1] - The summit was co-hosted by the Phoenix Network and the Global Council for Chinese Enterprises Going Global, emphasizing the theme "For an Open World" amidst the deep restructuring of global industrial chains [1] Group 2 - Qunhe Technology, one of the "Hangzhou Six Little Dragons," has gained attention following the success of DeepSeek, with its cloud design software Coohom achieving over 10 million registered users globally [2] - The CEO of Qunhe Technology, Chen Hang, provided three key suggestions for companies going global: to be brave in exploring different market opportunities, to have confidence in the strength of user data and talent in the AI era, and to maintain their original mission focused on technological innovation [2] - Chen emphasized the importance of open and shared technology, which can attract global talent and recognition, as demonstrated by DeepSeek [2]

Core Viewpoint - The "2025 China Enterprises Going Global Summit" held in Shenzhen aims to provide a high-end platform for Chinese companies to address challenges in global expansion and explore paths for ecological win-win transformation [1] Group 1: Forum Overview - The summit is co-hosted by Phoenix Network and the Snowflake high-end brand, focusing on deep restructuring of global industrial chains [1] - The theme of the forum is "For an Open World," emphasizing the need for dialogue and resource connection among Chinese enterprises [1] Group 2: Key Insights from Wei Jianguo's Speech - Wei Jianguo, former Vice Minister of Commerce, emphasized that China's adherence to WTO rules and unilateral opening will not harm its own interests [3] - He outlined three dimensions of China's gradual opening strategy: 1. Gradual reduction of negative lists and pilot reforms in free trade zones to ensure industrial and national security [3] 2. A phased approach to opening, such as adjusting equity limits to achieve financial stability and openness [3] - He highlighted that unilateral opening serves as a strategic tool for domestic reform, citing the reduction of tariffs in the automotive sector as a means for domestic companies to achieve technological advancements [3] Group 3: China's Role in International Trade - China is actively reshaping international trade and rule-making through initiatives like the CPTPP and the Belt and Road Initiative, establishing a new trade rule system [4] - This "dual-track" strategy helps to counter Western trade pressures and enhances China's voice in international rule-making [4] - Wei Jianguo stressed that expanding openness is crucial in the face of closed pressures, leveraging China's large market size of 1.4 billion people to maintain a proactive position in the global economic system [4]

Core Viewpoint - The "Management Measures for Open Sharing of Major Scientific Research Infrastructure and Large Scientific Instruments in Sichuan Province" aims to enhance the efficiency of scientific resource utilization and promote technological innovation and achievement transformation through open sharing of research facilities and instruments [1][2]. Group 1: Definition and Scope - Major scientific research infrastructure and large scientific instruments refer to facilities and equipment valued at 500,000 yuan or more, funded by public finance or state-owned capital, which are used for scientific research and technological development [2]. - The management units are responsible for the open sharing of these facilities and instruments, including the establishment of relevant systems and the operation of the sharing platform [2]. Group 2: Platform and Service Requirements - Management units are required to integrate their research facilities into the Sichuan Provincial Large Instrument Sharing Platform, ensuring standardized management and transparency in service offerings [3]. - Open sharing services can charge fees based on cost recovery and non-profit principles, with revenue contributing to performance-based salary funding for technical and administrative staff [3]. Group 3: Performance Evaluation and Accountability - An annual assessment will be conducted, rewarding "excellent" management units with preferential treatment in project applications and penalties for "unsatisfactory" units, including public notification and mandated corrections [4]. - Failure to comply with sharing obligations may result in corrective actions and penalties for responsible personnel [4].

Core Insights - Guangzhou has made significant progress in expanding the service industry since being selected as a national pilot city for service industry opening-up in December 2022, with an implementation rate of 98.5% for 130 pilot tasks [1] - The city has seen a continuous increase in service industry value added, exceeding 2.2 trillion yuan for two consecutive years, accounting for over 70% of GDP [1] - New foreign investment in the service sector has reached nearly 15,000 enterprises, with service trade surpassing 75 billion USD, showing double-digit growth for two years [1][2] Group 1: Service Industry Development - Guangzhou has introduced 13 measures in areas like foreign legal services and green finance, which have been recognized as national pilot cases [1] - The city has established a cross-border business registration service platform that is being replicated nationwide [1] - The "Guangzhou Consumption Festival" has successfully attracted global buyers, boosting local dining consumption by nearly 100 million yuan [3] Group 2: Innovation in New Business Models - Guangzhou has pioneered the integration of "service + manufacturing," particularly in the field of autonomous driving, with extensive testing networks and commercial applications [3] - The city has launched a global cross-border e-commerce platform for transporting battery-powered goods, significantly improving efficiency and reducing costs [5] - The establishment of an international ship fuel supply center at Guangzhou Port has positioned the city as a leader in providing comprehensive bonded fuel services [6] Group 3: Business Environment Optimization - Guangzhou has focused on enhancing the business environment to facilitate foreign investment and trade, implementing 100 annual reform tasks [7] - The city has initiated the "Enterprise Service Year" program, which includes a feedback mechanism for policy improvement [7] - Recent government approvals have empowered Guangzhou to further advance its service industry opening-up strategy, with a focus on data, healthcare, and finance sectors [7]

Group 1 - Xinjiang is emerging as a vibrant hub for China's westward opening, showcasing diverse natural beauty and economic activity [1] - The region is experiencing a fruitful season for goji berries, with local farmers expecting to harvest 7-8 times this summer and autumn, leading to significant income [3] - The goji berries are processed using fresh-lock technology, allowing for direct delivery to markets like Chengdu within 24 hours, enhancing their marketability [3] Group 2 - The Horgos International Border Cooperation Center serves as China's first cross-border economic cooperation zone, facilitating tourism, business negotiations, and e-commerce [4] - The center is witnessing increased activity, with various local products and services being offered, including traditional Chinese medicine, reflecting the growing recognition of Chinese culture in Central Asia [4] - The logistics hub is actively engaged in transporting goods such as fans and fertilizers to Central Asian countries, indicating robust trade flows [4]

一方面，证监会明确表示，要构建更加开放包容的资本市场生态，加快落实2025年资本市场对外开放一 揽子重点举措，进一步增强各类外资参与中国资本市场的便利度；另一方面，多家外资机构看好中国市场 结构性机遇，包括摩根士丹利在内的不少机构上调了中国经济增速预期和股指目标。 瑞银全球金融市场交易部主管贺立言认为，去年9月以来，随着中国一系列稳增长和开放政策的陆续出 台，全球资本对中国市场的投资热度持续攀升，欧洲投资者群体中，更多的投资者目前对中国资产从低配 转为中性，一些投资者甚至超配，中国资产相对全球其他投资品种，具有较大的吸引力。 资本市场全方位开放 外资和外资机构是中国资本市场的重要参与力量，构建让外资愿意来、留得住的市场机制，是资本市场全 面深化改革开放的关键举动之一。 近年来，证监会不断完善资本市场对外开放政策，深入推进市场、产品、机构双向开放，推动资本高效流 动、要素合理配置和制度互学共鉴。持续放宽合格境外投资者准入条件，扩大投资范围。优化境外上市备 案制度，完善境内外上市联动机制，有序拓展资本市场跨境互联互通，推动A股纳入明晟、富时罗素、标 普道琼斯等著名国际主要指数。支持更多外资金融机构在中国开展业务。 ...