中原期货研究所 晨会纪要 2025 第（75）期 发布日期：2025-04-28 | 投资咨询业务资格 | | | --- | --- | | 证监发【2014】217 | 号 | | 中原期货研究所 | 0371-58620081 | | 0371-58620083 | | | 公司官方微信 | | 1 公司官方微信 中原期货研究所 | 化工 | 主力合约 | 2025/4/28 | 2025/4/25 | 涨跌 | 涨跌幅/% | | --- | --- | --- | --- | --- | --- | | | | 8:00 | 15:00 | | | | | 焦煤 | 959.00 | 956.00 | 3.0 | 0.314 | | | 焦炭 | 1,577.00 | 1,566.00 | 11.0 | 0.702 | | | 天然橡胶 | 14,795.00 | 14,720.00 | 75.0 | 0.510 | | | 20号胶 | 12,355.00 | 12,300.00 | 55.0 | Q.447 | | | 塑料 | 7,154.00 | 7,150.00 | 4.0 | 0.056 ...

原标题：扩大入境消费政策进一步优化 本报北京4月27日讯（记者冯其予）国新办27日举行新闻发布会，介绍《关于进一步优化离境退税 政策扩大入境消费的通知》有关情况。商务部副部长盛秋平在发布会上表示，进一步优化离境退税政 策，是完善境外人员生活便利制度的重要举措，有利于提高境外旅客在华购物的便利性，提升旅游、消 费的获得感、满意度。 近年来，我国有序扩大自主开放和单边开放，对38个国家实行了单方面免签政策，对54个国家实行 过境免签并将停留时间延长至240小时，推出了一系列入境便利化政策。2024年我国接待外国游客2694 万人次，同比增长96%。入境旅客总花费达到942亿美元，增长了77.8%。今年一季度入境外国游客 921.5万人次，同比增长40.2%。 购物是旅行中一项不可或缺的体验。文化和旅游部产业发展司司长缪沐阳表示，下一步，文化和旅 游部将配合商务部及相关部门，推动《通知》各项举措落地见效。将鼓励和引导旅游景区、度假区、文 博场馆等境外旅客集聚区域的特色文化产品等店铺备案成为离境退税商店，推动在相关区域科学合理布 局"即买即退"集中退付点。 海关对离境退税物品的口岸验核是境外旅客办理离境退税手续的一个 ...

Group 1 - The core viewpoint of the article is the announcement of new policies to optimize the departure tax refund system in China, aimed at enhancing inbound consumption and improving the shopping experience for foreign travelers [1][2] - The departure tax refund threshold has been lowered from 500 RMB to 200 RMB, allowing foreign travelers to apply for refunds on purchases that meet this new minimum [1] - The cash refund limit has been increased from 10,000 RMB to 20,000 RMB, providing more flexibility for travelers in receiving their refunds [1] Group 2 - The notification includes eight policy measures focused on expanding the number of tax refund stores, diversifying the range of refundable products, and enhancing the quality of departure tax refund services [1] - The "immediate refund" service will be promoted nationwide, encouraging more tax refund stores and agents to offer this service, which allows travelers to receive their refunds on-site at the time of purchase [2] - The implementation of the "immediate refund" service is expected to enhance the shopping experience for foreign travelers and stimulate additional consumption [2]

央视网消息：每天8点，央视网为您梳理24小时内发生在咱们身边的大小事儿。 ·中国海警局：4月27日，菲律宾6名人员不顾中方警告劝阻，非法登上铁线礁活动，中国海警执法人员依法登礁并查证处置。 ·商务部等六部门优化离境退税政策，下调离境退税起退点，满200即可退税，上调现金退税限额至2万元。 ·今年截至4月27日，经港珠澳大桥珠海公路口岸出入境旅客突破1000万人次，刷新客流破千万人次的最快纪录。 ·第137届广交会已有22万多名境外采购商到会，创同期新高。 ·中央纪委办公厅通报3起整治形式主义为基层减负典型问题，点名河北三河市。 ·"网红书记"朱是西被"双开"，"跑马市长"刘佳晨被免职。 ·河南省纪委监委通报，长垣市人民法院党组书记、院长都学敏办公室和休息室面积合计68.7平方米，超出规定44.7平方米。 ·我国已形成完整人工智能产业体系，专利申请量位居全球首位。 ·我国首个大型通用光谱望远镜JUST项目在青海冷湖启动。 ·《中国核能发展报告2025》蓝皮书发布，我国核电总体规模首次跃居世界第一。 ·财政部下达3.76亿元支持黄淮海等地抗旱保春播， ·民航局：一季度民航三大指标均实现同比增长。 ·神舟十九号、神 ...

Group 1: Macroeconomic Policies - The Central Political Bureau emphasizes the need for more proactive macroeconomic policies, including the use of fiscal and moderately loose monetary policies [1] - The meeting highlights the acceleration of local government special bonds and ultra-long-term special government bonds issuance [1] - There is a focus on maintaining liquidity and supporting the real economy through potential interest rate cuts and the creation of new structural monetary policy tools [1] Group 2: International Cooperation and Trade - The Chinese Ministry of Finance announces a commitment to more proactive macroeconomic policies to achieve annual growth targets and contribute to global economic stability [2] - China continues to offer zero-tariff treatment to products from the least developed countries and aims to further open its market for mutual benefits [2] Group 3: E-commerce and Trade Zones - The State Council approves the establishment of cross-border e-commerce comprehensive pilot zones in Hainan and 14 other cities [3] - The specific implementation plans for these pilot zones will be managed by the respective provincial governments [3] Group 4: Regulatory Changes - The China Securities Regulatory Commission releases new regulations on the temporary suspension and exemption of information disclosure for listed companies, effective from July 1, 2025 [4] - The new rules clarify the scope of exemptions and reinforce the responsibilities of companies regarding disclosure management [4] Group 5: Stock Market Regulations - The Shanghai Stock Exchange publishes revised stock listing rules, enhancing the responsibilities of audit committees and protecting minority shareholders' rights [5] - The Shenzhen Stock Exchange also issues updated listing rules, focusing on similar regulatory enhancements [5] Group 6: Taxation and Consumer Spending - The Ministry of Commerce and other departments announce measures to optimize the departure tax refund process to boost inbound consumption [6][7] - The initiative includes promoting "buy and refund" services nationwide and establishing centralized refund points in high-traffic areas [6][7] Group 7: Financial Regulation - The China Securities Association introduces self-regulatory measures to prevent securities firms from manipulating profits through valuation adjustments [8] - The guidelines ensure prudent valuation practices for financial instruments held by securities firms [8] Group 8: Automotive Industry Reforms - The Ministry of Commerce reports that pilot reforms in automotive circulation consumption are progressing rapidly, with high enthusiasm for local pilot applications [9] - The reforms aim to eliminate restrictive measures on car purchases and promote innovation in the automotive aftermarket [9] Group 9: Insurance Regulation - The Financial Regulatory Administration allows insurance companies to adjust the minimum guaranteed interest rates for universal life insurance products under certain conditions [10] - The regulation aims to mitigate risks during periods of declining interest rates and encourages the development of long-term universal insurance products [10] Group 10: Cultural and Tourism Promotion - The Ministry of Culture and Tourism emphasizes that departure tax refunds for shopping can enhance the export of high-quality domestic products and promote cultural exchange [11] - The initiative aims to attract inbound tourists and expand the scale of inbound tourism [11]

·国务院常务会议：决定核准浙江三门三期工程等核电项目 ·一季度全国规模以上工业企业利润由降转增增幅为0.8% ·商务部等6部门：下调离境退税起退点至200元上调现金退税限额至2万元人民币 ·德国汽车工业协会主席穆勒：鼓励德国车企扩大对华投资 ·京东：未来三个月将招聘10万名全职骑手 ·国务院总理李强4月27日主持召开国务院常务会议，决定核准浙江三门三期工程等核电项目。会议强调，发展核电必须确保安全万无一失，要压实参建单位 和业主单位主体责任，按照全球最高安全标准建设和运营核电机组，持续加强安全监管能力建设，切实兜牢核电安全保障网。（新华社） ·国务院新闻办公室定于2025年4月28日（星期一）上午10时举行新闻发布会，请国家发展改革委副主任赵辰昕、人力资源社会保障部副部长俞家栋、商务部 副部长盛秋平、中国人民银行副行长邹澜介绍稳就业稳经济推动高质量发展政策措施有关情况，并答记者问。（新华财经） ·国家统计局党组召开扩大会议，传达学习4月25日中央政治局会议精神。会议强调，要加强宏观经济政策措施贯彻落实情况跟踪监测，持续强化重点领域风 险监测预警，及时反映经济运行全局性、趋势性变化。要深入推进适应全国统一大市场 ...

Group 1 - The core viewpoint of the news is the optimization of the departure tax refund policy in China, making it more convenient for foreign tourists to shop and receive refunds [1][3][11] - The tax refund rate for general goods is set at 11%, effectively providing a 10% discount for consumers [3] - The minimum purchase amount for tax refunds has been lowered from 500 RMB to 200 RMB, allowing more travelers to qualify for refunds [5] Group 2 - The cash refund limit has been significantly increased from 10,000 RMB to 20,000 RMB, encouraging diverse payment methods for tax refunds [7] - The new measures will lead to an increase in the number of tax refund stores and a wider variety of refundable products [3][5] - The "immediate refund" service introduced on April 8 has already improved the shopping experience for foreign visitors, allowing them to complete the refund process quickly [11][10] Group 3 - The implementation of a 240-hour visa-free transit policy has resulted in a 40.2% increase in foreign visitors, with 9.215 million entries recorded [13] - Various regions are enhancing their tourism offerings to convert the influx of visa-free travelers into increased consumer spending [17] - Cultural tourism experiences are being developed to cater to foreign tourists' interests in Chinese culture, with specific programs launched in Zhejiang [20][25]

据央广网4月27日报道，商务部等6部门出台《关于进一步优化离境退税政策扩大入境消费的通知》，通 知提出，下调离境退税起退点。境外旅客同日同店购买退税物品金额达到200元人民币，且符合其他相 关规定的，可以申请办理离境退税。优化离境退税支付服务。 *风险提示：股市有风险，入市需谨慎 江海证券认为，此前免税店针对的顾客包括国内消费者和国外旅游者，免税店主要以进口商品为主，国 产商品进入免税店比重较小，部分免税店销售国有商品其实是有税商品，且品类有限。此次即买即退政 策后，预计免税店会引入更多的国产商品，退税流程也将更加便捷。 此外，利好国内的商贸零售行业，特别是百货公司，百货公司可申请增加退税和"即买即退"业务，境外 旅客退税便利度提升，目前该政策先后在上海、北京、广东、四川、浙江、深圳等地开展试点，利好当 地百货等零售业态公司。 公司方面，据招商证券表示，中国中免、格力地产（珠免集团）、王府井为A股主要免税公司。 *免责声明：文章内容仅供参考，不构成投资建议 此外，将现金退税限额上调至20000元人民币。推动退税代理机构与支付机构、清算机构等加强合作， 在风险可控的前提下，通过移动支付、银行卡、现金等多种方式提 ...

外交部：中美并未就关税问题进行磋商或谈判 男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 特朗普称将在未来三到四周宣布贸易协议 美国国务卿鲁比奥：美国不会扩大对俄罗斯的制裁 美伊第三轮间接会谈结束，双方仍存分歧 哈马斯称愿意释放所有以方被扣押人员，换停火五年 "美联储传声筒"：市场过度解读哈玛克六月降息的言论 特朗普暗示支持禁止美国国会议员交易股票 伊朗爆炸港口已恢复货物进出口工作 海南全岛和15个城市(地区)将设跨境电子商务综合试验区 六部门发文优化离境退税政策：下调离境退税起退点 市场盘点 上周五，在对全球贸易紧张局势缓和的希望推动下，美元指数走高，最终收涨0.325%，报99.61，并结束四周连跌。美债收益率继续回落，基准的10年期美 债收益率收报4.24%；对货币政策更敏感的两年期美债收益率收报3.744%。 鉴于避险情绪降温和美元坚挺，现货黄金回落，最低触及3365.2美元/盎司，最终收跌0.9%，报3318.2美元/盎司，为对等关税宣布以来首次周线收阴。现货 白银盘中再次失守33关口，尾盘有所反弹 ...

丨2025年4月28日星期一丨 NO.4霸王茶姬首家北美门店试运营 4月26日，霸王茶姬首家北美门店正式对外试运营，选址位于美国洛杉矶人气商场Westfield Century City，紧邻比佛利山庄和西洛杉矶等重要区域。霸王茶姬于2019年布局全球化，目前，霸王茶姬在马来 西亚、新加坡、印尼等东南亚国家已有上百家门店。 4月27日，据网络平台数据，截至4月27日6时，2025年"五一"档新片预售总票房破2000万元，《水饺皇 后》《猎金.游戏》《人生开门红》分列前三位。《熊孩子.探险熊兵》宣布档期变更。该片原定于5月1 日13:00全国上映，现片方决定改档至7月5日10:00。 点评："五一"档作为春节档后的首个长假期，已成为片方争夺票房的重要窗口。此次预售表现反映出观 众对于优质影视作品的观影热情依然高涨，这对于影视行业来说是积极的信号，表明市场在经历一定波 动后仍具备较强的复苏动力。 NO.3三只松鼠向港交所提交上市申请书 4月25日，休闲零食企业三只松鼠（300783）向港交所提交上市申请书，公司正式开始冲击"A+H"两地 上市。2025年4月25日，三只松鼠日涨幅1.54%，收于29.75元每股， ...