Group 1 - The fourth RCEP Regional (Shandong) Import Expo was successfully launched in Linyi, showcasing the city's vibrant international engagement [1][3] - The expo highlighted the deep trade relationship between RCEP countries and Shandong, contributing 38.5% of the province's foreign trade [3] - The event featured exhibitors from 66 countries and regions, with 247 foreign enterprises participating, enhancing the internationalization of the expo [3] Group 2 - New exhibition areas such as the "Smart Technology Zone" and "Multinational Company Zone" attracted attention, featuring 18 leading tech companies and 11 Fortune 500 firms [3] - A series of well-planned activities, including investment promotion events, aimed to transform exhibitors into investors and products into commodities [3] - The expo integrated various sectors, promoting a sustainable development model that combines exhibitions, industries, logistics, and digital solutions [3] Group 3 - Linyi International Communication Center utilized Linyi Unicom's international SDWAN services to ensure stable and high-quality live broadcasts during the expo [5] - The SDWAN service effectively addressed traditional cross-border network issues, ensuring smooth and real-time transmission of live signals [5] - A professional support team and emergency communication vehicle were deployed to enhance network coverage and capacity during the event [7]

Core Viewpoint - The article highlights the innovative practices of Chaoyang Environment Group in urban waste management, emphasizing its leading position in the industry through advanced technologies and collaborative resource utilization [1][3]. Group 1: Company Overview - Chaoyang Environment is the only market-oriented enterprise in solid waste treatment and resource recycling in Beijing's Chaoyang District, recognized as a "National High-tech Enterprise" and a "Beijing Specialized and Innovative Enterprise" [1]. - The company has received multiple awards, including being a national model for circular economy education and a pilot for collaborative innovation in pollution reduction and carbon reduction [1]. Group 2: Innovative Practices - The chairman, Pi Meng, detailed the company's innovative practices in collaborative waste treatment, showcasing the operation of the Chaoyang Clean Incineration Center [3]. - The facility employs a model where various waste treatment processes are integrated, resulting in tiered energy utilization and resource recycling, providing renewable energy and recyclable resources to the city [3]. Group 3: Technological Advancements - The company has implemented the first AI intelligent incineration system in the country, achieving significant improvements: a 36% increase in main steam stability, a 1% increase in main steam volume, a 45% increase in power generation efficiency, and a 90% reduction in manual labor intensity [5]. - The Chaoyang Circular Economy Industrial Park processes 5,000 tons of crude oil annually, achieves a 100% reuse rate of reclaimed water, generates over 500 million kWh of green electricity per year, and maintains a resource conversion rate of over 85% [5].

所长 早读 国泰君安期货 2025-06-30 期 请务必阅读正文之后的免责条款部分 1 期货研究 期货研究 关注央行季度例会的变化，删除"择机降准降息" 观点分享： 6 月 27 日，央行发布 2025 年二季度货币政策委员会例会通稿，与一季度相比，通稿的 一些变化值得关注。在政策基调上，例会删去了"把实施扩大内需战略同深化供给侧结构性 改革有机结合起来"，并增加了"把做强国内大循环摆到更加突出的位置，统筹好总供给和 总需求的关系"这一表述。；在货币政策思路上，删去了"择机降准降息"，增加了"灵活 把握政策实施力度和节奏的表述"；汇率表述上，删去了"加强市场管理，坚决对市场顺周 期行为进行纠偏，坚决对扰乱市场秩序行为进行处置"的表述。 所 长 首 推 | 板块 | 关注指数 | | --- | --- | | 铜 | ★★★★ | 铜：价格上涨，主要因微观和宏观形成阶段性共振。铜现货依然偏紧，国内库存低位，LME 库存快速回落，现货持续升水。海外逻辑对价格拉动作用更加明显，美国经济存在底部支 撑，且特朗普对铜存在加征关税的预期，推动 COMEX 铜价涨幅明显，与 LME 铜价差扩大 至 1400 美元/吨附 ...

本文字数：2337，阅读时长大约4分钟 作者 | 第一财经 祝嫣然 今年二季度，受到美国关税政策变化的影响，制造业运行短期有所波动，但我国经济展现出了较强的 韧性，在短期放缓后迅速回稳。 国家统计局6月30日发布的6月份制造业采购经理指数（PMI）为49.7%，比上月上升0.2个百分点， 连续两个月回升，制造业景气水平继续改善。非制造业商务活动指数为50.5%，比上月上升0.2个百 分点。 中国物流与采购联合会特约分析师张立群表示，6月份PMI指数小幅回升，表明一系列增量政策的效 果继续显现。订单类指数回升反映扩大内需政策效果有所显现；生产指数、采购量指数上升反映企业 生产经营活动有回暖趋势。同时应注意到PMI指数仍处荣枯线下，生产经营活动预期指数仍在下降， 反映需求不足的企业占比仍在扩大，市场引导的需求收缩对制造业生产投资的制约仍然突出。 2025.06. 30 张立群强调，当前宏观经济政策逆周期调节与市场引导的需求收缩正处相互角力的关键阶段，必须坚 持不懈持续加大扩内需各项政策力度，特别要显著加强政府公共产品投资力度，扩大投资规模，有效 有力带动制造业企业订单显著增加，带动制造业生产投资持续活跃。 产需指 ...

Core Viewpoint - The article highlights the successful establishment of Quzhou Intelligent Manufacturing New City as a national-level green industrial park, focusing on its green circular development model and the integration of advanced industries to promote sustainable economic growth [1][9]. Group 1: Green Development Initiatives - Quzhou Intelligent Manufacturing New City has been recognized for its commitment to green development, focusing on industries such as new materials, renewable energy, integrated circuits, high-end equipment, and health [1]. - The city has implemented a comprehensive upgrade of production processes to reduce energy consumption and environmental pollution, exemplified by Yuanli Metal Products Co., which has invested over 2 billion yuan in technology upgrades and achieved a 42.3% reduction in major pollutant emissions by 2024 [2][6]. - The city has established a robust support system for enterprises undergoing green transformation, providing policy incentives and funding opportunities to encourage energy-saving and carbon-reduction projects [6][7]. Group 2: Economic Performance - In 2024, Quzhou Intelligent Manufacturing New City achieved an industrial output value of 162.88 billion yuan, with an industrial added value of 36.82 billion yuan, reflecting a growth of 12.1% [9]. - The city attracted 100 projects with a total investment of 89.91 billion yuan, showcasing its growing investment appeal and economic vitality [9]. Group 3: Circular Economy and Resource Utilization - The city has developed a circular economy model, where waste from upstream enterprises is repurposed as raw materials for downstream companies, enhancing resource efficiency [12][13]. - Quzhou Intelligent Manufacturing New City has constructed over 40 kilometers of pipelines connecting more than 100 enterprises, achieving a high degree of interconnectivity and resource sharing within the industrial ecosystem [13][14]. - The industrial solid waste utilization rate in the high-tech zone has reached 99%, demonstrating the effectiveness of the circular economy initiatives [13]. Group 4: Infrastructure and Environmental Safety - The city has invested over 20 million yuan in a water pollution emergency response system, enhancing environmental safety measures within the industrial park [16]. - Quzhou Intelligent Manufacturing New City has achieved a 100% coverage rate for industrial wastewater management, ensuring that all enterprises comply with environmental standards [16][17]. - The establishment of a comprehensive ecological safety network, including green belts and river management, contributes to the overall sustainability of the industrial park [17][18].

Core Viewpoint - The manufacturing PMI index in June shows a slight recovery, indicating the effectiveness of a series of incremental policies, despite ongoing challenges in demand and production activities [1][4][11]. Manufacturing Sector - The manufacturing PMI for June is reported at 49.7%, up 0.2 percentage points from the previous month, marking two consecutive months of improvement [1]. - The new orders index has returned to the expansion zone at 50.2%, increasing by 0.4 percentage points after two months below 50% [4]. - The production index stands at 51%, reflecting stable expansion in production activities, with a 0.3 percentage point increase from last month [5]. - The procurement volume index has also returned to the expansion zone at 50.2%, up 2.6 percentage points [5]. - Large enterprises show a PMI of 51.2%, indicating accelerated expansion, while medium and small enterprises remain below the critical point at 48.6% and 47.3%, respectively [7]. Price Trends - In June, both the purchasing price index and the factory price index have stabilized, with the purchasing price index at 48.4% and the factory price index at 46.2%, both up 1.5 percentage points from the previous month [6]. Non-Manufacturing Sector - The non-manufacturing business activity index is at 50.5%, reflecting continued expansion, with a 0.2 percentage point increase [11]. - The construction industry shows a business activity index of 52.8%, up 1.8 percentage points, indicating a recovery in construction activities [12]. Future Outlook - The manufacturing sector is expected to maintain a steady growth trend in the second half of the year, supported by ongoing policy measures aimed at boosting domestic demand and stabilizing external trade [8].

Core Viewpoint - The annual performance report of Jin Jing New Energy for the year ending March 31, 2025, reveals significant growth, with a 92.3% increase in revenue to HKD 870 million, marking a historical high. The company's gross profit surged by 266.8% to HKD 103 million, and net loss narrowed from HKD 78.9 million to HKD 15.7 million, indicating a strong recovery towards breakeven [1][2]. Business Restructuring and Growth Drivers - The remarkable performance is attributed to a strategic transformation over three years, focusing on reverse supply chain management and environmental services, which contributed approximately HKD 696 million in revenue, a 204% increase. The green energy sector now constitutes 80% of total revenue [1][3]. - Key growth engines include vertical integration through acquisitions of local recycling firms, enhancing the battery recycling lifecycle, and horizontal collaborations, such as the strategic partnership with Guoxuan High-Tech, which aims to tap into a market worth HKD 22.8 billion for overseas retired battery disposal [4][6]. Policy Environment and Strategic Depth - Jin Jing New Energy has positioned itself advantageously within the industry, leveraging early entry into the battery recycling market. The recent government action plan emphasizes full-chain management and digital traceability, aligning with the company's existing framework [6][7]. - The anticipated surge in retired battery volumes, projected to reach 820,000 tons by 2025, presents a significant market opportunity, especially as current recovery rates remain below 25%. The company is well-placed to capture market share as the industry consolidates [7][8]. Capital Premium and Value Transformation - The capital market has responded positively to the company's growth, with a cumulative stock increase of 265.85% in 2024. As of June 27, 2025, the market capitalization reached HKD 10.96 billion, reflecting investor confidence in its business model [10][11]. - The company's unique position as the only overseas battery recycling entity in the Hong Kong market, combined with its extensive logistics network across 28 countries, creates a competitive moat. The upcoming battery processing facility in Hong Kong is expected to align with the market's growth trajectory [11][12]. Conclusion - Jin Jing New Energy's explosive growth is a result of strategic foresight and execution, establishing a robust competitive advantage in the global green circular economy. The company is transitioning from a dark horse to a standard in the industry, poised for significant value reassessment as battery recycling becomes a core focus [15].

从理论层面来看，海南作为全球较大的自贸港之一，其全域性、集成性、产业导向性的制度创新实践， 为发展经济学和区域开放理论提供了独特的研究样本。从实践维度而言，系统评估海南在贸易投资自由 化、营商环境优化、现代产业体系构建等方面的突破与挑战，不仅关乎国家高水平开放战略的实施成 效，更能为其他区域深化改革提供可复制的经验范式。特别是在RCEP全面实施和全球经贸规则重构的 背景下，深入研究海南自贸港建设路径，对我国参与国际高标准经贸规则制定具有战略性的先行先试意 义。 在全球经济格局深度调整与我国加快构建"双循环"新发展格局的时代背景下，海南自贸港建设作为国家 重大战略部署，正肩负着新时代全面深化改革开放的先锋使命。2018年4月，习近平总书记郑重宣 布，"党中央决定支持海南全岛建设自由贸易试验区，支持海南逐步探索、稳步推进中国特色自由贸易 港建设"。2020年6月，中共中央、国务院正式公布《海南自由贸易港建设总体方案》，海南自贸港建设 进入全面实施阶段。经过多年的实践探索，海南已实现从"试验田"到"中国特色自由贸易港"的转型升 级，形成了以"零关税、低税率、简税制"和"五个自由便利、一个安全有序流动"为核心的政策框 ...

Group 1 - The National Development and Reform Commission has included Harbin's airport-type national logistics hub in the 2025 construction list, marking a significant breakthrough in logistics hub development for Harbin [1] - The hub is expected to play a crucial role in promoting the comprehensive revitalization of Northeast China, deepening China-Russia economic cooperation, and constructing a new development pattern of "dual circulation" [1][3] - The logistics hub will be developed under a model that involves government planning, state-owned enterprise leadership, and collaboration among various stakeholders, forming a "1+10" enterprise alliance [2] Group 2 - The logistics hub covers an area of 2.1774 million square meters and includes nine major areas such as international transfer and cargo handling zones, facilitating complementary functions and regional industrial integration [2] - In 2024, Harbin Taiping International Airport achieved a cargo and mail throughput of 140,700 tons, a year-on-year increase of 7.2%, and opened 16 international cargo routes [2] - The hub is a key node for China’s "China-Mongolia-Russia Economic Corridor," with 93% of Northeast China's cargo and mail throughput to Russia, and a comprehensive logistics network covering 28 countries and regions [3] Group 3 - The hub aims to enhance international air cargo, cross-border e-commerce customs clearance, and international mail exchange functions, creating a "tri-hub" system with land and air logistics [3] - The construction of the logistics hub is part of a broader strategy to improve infrastructure and transportation systems in the airport economic zone, aiming for a cargo throughput of over 240,000 tons within 3 to 5 years [4] - Harbin is set to leverage the hub's economic impact to promote industrial transformation, optimize urban functions, and deepen opening-up efforts, supporting the establishment of an international logistics center in Northeast Asia [4]

（文章来源：人民日报） 29岁的温柔嘉拥有应用数学和人工智能专业背景。她告诉本报记者，目前，该系统已在一艘商用货船上 进行了测试，成功捕获78%的二氧化碳和90%的硫排放，吸引多家国际航运企业关注。二氧化碳转化成 固态石灰石后可用于建材市场，或运至专门处理工厂进行二氧化碳回收，用于合成燃料，实现真正的碳 循环。"可持续发展不仅对当代有益，更对子孙后代有益。"温柔嘉表示，希望借助科技力量为世界带来 积极改变。 谈及中欧在科技领域的合作，温柔嘉说："这一奖项就是中欧合作的结晶。中国具备世界领先的制造能 力、产业基础以及创新活力，欧洲拥有完善的科技生态系统，双方各具优势，高度互补。"她认为，双 方在共同应对全球性挑战方面空间广阔，中欧合作将为实现可持续发展目标作出实质性贡献。 航运业是全球主要碳排放源之一，大量现有船舶面临无法有效改造、运行效率不高、经济成本高昂等困 境。为突破这一瓶颈，温柔嘉与弗雷德里克松联合创立一家初创公司，开发出一套可改装的碳捕捉系 统。该系统能够从大型船舶的废气中捕获二氧化碳，并将捕捉到的二氧化碳转化为固态石灰石储存。 近日，总部设在德国慕尼黑的欧洲专利局举办2025年"青年发明家奖"全球十 ...