Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has made significant reforms and strategic investments in 2025, enhancing its role as a global financial hub and attracting international investors back to the market [1]. Group 1: Technological Innovation Driving Market Development - In 2025, Hong Kong's new stock market financing ranked first globally, with a total financing amount of 274.6 billion HKD, reflecting a significant increase from the previous year [2]. - The average daily trading volume in the cash market reached a historical high of 230.7 billion HKD, up 43% year-on-year [2]. - The introduction of the "Tech Company Fast Track" has facilitated the listing of 88 biotech and specialized tech companies, showcasing strong investor interest in innovative sectors [2]. Group 2: Expanding Global Influence and Strategic Partnerships - HKEX has strengthened international connections by attracting issuers from regions such as Kazakhstan, Singapore, Thailand, and the UAE [5]. - The addition of the Stock Exchange of Thailand as a recognized exchange and the signing of a memorandum of cooperation with the Abu Dhabi Securities Exchange highlight HKEX's commitment to creating a vibrant and interconnected market [5]. - The establishment of an office in Riyadh and a commodity pricing subsidiary in Dubai underscores HKEX's strategic expansion in the Middle East [5]. Group 3: Enhancing Market Activity and Liquidity - The derivatives market achieved record performance, with an average daily trading volume of 1.69 million contracts, an 8% increase year-on-year [6]. - The trading of Exchange Traded Products (ETPs) doubled, with an average daily trading amount of 37.6 billion HKD [6]. - HKEX implemented measures to reduce trading costs and improve market efficiency, including lowering minimum tick sizes and optimizing settlement fee structures [6][7]. Group 4: Building an Innovative and Resilient Financial Ecosystem - HKEX is actively developing a fixed income and currency (FIC) product ecosystem, investing in 20% of Clearstream Holdings to strengthen its partnership with the Hong Kong Monetary Authority [9]. - The recognition of Hong Kong as a delivery point for the London Metal Exchange (LME) marks a significant milestone in developing a global commodity trading center [9]. - The LME has seen a 6% increase in average daily trading volume from January to November 2025, reflecting its strong performance [9]. Group 5: Community Contribution and Sustainable Development - HKEX has raised 9.7 million HKD through community events, demonstrating its commitment to social welfare [10]. - The charity fund increased its donation amount for caregiver support from 25 million HKD to 50 million HKD, reflecting a commitment to community engagement [10]. - HKEX has released guidelines to support low-carbon transitions, emphasizing its role in promoting sustainability and transparency in the market [10].

CDP发源于2000年成立的国际非营利组织"碳披露项目"（Carbon Disclosure Project），作为推动 企业减少温室气体排放、保护水与森林资源的核心平台，通过建立全球统一的环境信息评价体 系，助力企业科学测量、披露、管理和分享环境信息。CDP评级深受资本市场和采购企业的高度 信任，被视为衡量企业可持续发展成果和环境信息透明度的"金标准"。 海博思创首次参评即斩获B级，且94%的细分指标优于全球行业平均分，这一成绩印证了公司已 建立起完善的环境治理结构，能够系统化开展风险管控与减排行动。 自2023年成立ESG委员会以来，海博思创已构建起顶层筑基-战略锚定-生态协作-实践落地的全维 度低碳治理框架，为可持续发展筑牢根基。 顶层设计层面 公司以 ESG 委员会为核心，夯实碳排放数据核算基础，系统规划科学管理路径，致力于打造 储能行业低碳治理标杆； 战略层面 公司深度对标国际国内双标准，将减碳与净零愿景全面融入研发、生产、运营等业务全流程， 实现可持续发展与核心经营的同频共振； 在全球应对气候变化、迈向碳中和的大潮中，企业的环境行动力与透明度日渐成为衡量其 可持续发展的关键标尺。近日，海博思创在具 ...

"汽车产业作为实体经济压舱石和新质生产力重要载体 必须以国家高质量发展战略为引领，重视ESG实践，推动技术创新、绿色转型与全球化布局。"中国汽 车工程学会名誉理事长、华汽基金会理事长付于武在"2025中国汽车行业全球化及可持续发展论坛"上表 示。 12月19日，以"美美与共，和而不同"为主题的"2025中国汽车行业全球化及可持续发展论坛"在北京举 办，来自行业协会、汽车及零部件龙头企业、国际机构、投资机构与媒体机构的近两百位嘉宾齐聚一 堂，围绕全球汽车产业格局演变、中国汽车行业技术演进和生态开放、企业ESG价值创造等话题开展深 入研讨。 论坛伊始，付于武首先发布了《中国汽车可持续发展倡议书》，《倡议书》提出：我们倡导汽车企业以 可持续发展理念为引领，积极回应利益相关方期待，规范竞争行为，共同维护良好的行业秩序，推动企 业自身和社会经济实现可持续发展。 中国汽车工程学会副秘书长吴锋表示，电动化、智能化、网联化正在重塑全球汽车产业格局，中国车企 在新能源与智能网联领域的领先优势，使其在全球化进程中扮演着越来越重要的角色。未来全球主要市 场将由过去重点关注汽车产品终端性能、功能，向重视汽车产品全生命周期的可持续性转 ...

Core Insights - The Hong Kong Stock Exchange (HKEX) achieved the highest fundraising amount globally in the new stock market for 2025, with a total of 274.6 billion HKD raised by 106 companies listed as of December 19, reflecting a significant increase from the previous year [1] - The average daily trading volume in the cash market reached a historical high of 230.7 billion HKD, marking a 43% increase compared to the same period last year [1] - The introduction of various reforms and the emergence of technological innovations in mainland China have led to a noticeable return of international capital to Hong Kong [1][3] Group 1: Market Performance - In 2025, the average daily trading volume in the cash market for the first 11 months was 230.7 billion HKD, up 43% year-on-year [1] - The HKEX's derivatives market also saw record performance, with an average daily contract volume of 1.69 million, an 8% increase year-on-year [4] - The trading of Exchange-Traded Products (ETPs) doubled, with an average daily trading amount of 37.6 billion HKD by the end of November [4] Group 2: Strategic Developments - HKEX launched the Hang Seng Biotechnology Index Futures in November, providing risk management tools for investors [2] - The introduction of the HKEX Technology 100 Index aims to expand the index business by tracking 100 well-known large and mid-cap companies in the technology sector [2] - HKEX has strengthened international connections by welcoming issuers from Kazakhstan, Singapore, Thailand, and the UAE, and has signed a memorandum of cooperation with the Abu Dhabi Securities Exchange [3] Group 3: Future Outlook - HKEX plans to continue optimizing the market by introducing new products to enhance trading activity and diversify the product ecosystem [5] - Future initiatives include simplifying the number of shares per lot, implementing a paperless securities market, and other major reforms to maintain market vitality and competitiveness [5] - The exchange aims to build a robust financial ecosystem by developing the fixed income and currency (FIC) product ecosystem and has invested in a 20% stake in a clearing settlement company [6] Group 4: Community Contribution and Sustainability - HKEX has actively engaged in community contributions, raising 9.7 million HKD through charity events and increasing donations for caregiver support from 25 million HKD to 50 million HKD [7] - The exchange has also committed to sustainability efforts, recently releasing a guide on carbon credits to assist businesses and investors in making informed decisions [7] - HKEX's charitable foundation has contributed 10 million HKD to disaster relief efforts following a fire incident, demonstrating its commitment to social welfare [7] Group 5: Leadership Statements - The CEO of HKEX highlighted 2025 as a year of renewed interest from global investors, driven by innovation in mainland China and Asia [8] - The exchange aims to expand its product ecosystem and enhance market efficiency through strategic investments and reforms [8] - HKEX continues to serve as a bridge connecting mainland China with international capital markets, emphasizing its role as a comprehensive investment platform [8]

在金价高位运行、全球不确定性加剧的背景下，黄金行业迎来新的上升周期，但竞争的底层逻辑正在悄 然切换。决定企业能否穿越周期的关键，正从资源禀赋与产量扩张，转向安全、环保、合规与社区关系 等治理能力。在三亚举行的2025中国（三亚）国际黄金市场年会暨黄金行业可持续发展大会上，来自中 国黄金、山东黄金、紫金矿业和山东招金的世界黄金协会四家会员企业代表，围绕可持续发展与行业未 来集中发声，勾勒出黄金行业正在形成的新竞争坐标。 山东黄金：坚持绿色低碳为引领 推动黄金高质量发展 山东黄金集团有限公司党委常委、副总经理肖耀猛在发言中指出，国家多次强调绿色发展已成为高质量 发展的底色，新质生产力本身就是绿色生产力。在矿业领域，绿色低碳转型不再是形象工程，而是关乎 长期运营稳定性与发展韧性的关键路径。 山东黄金集团自2010年伊始便确立了"山东黄金生态矿业""用心守护绿水青山，用爱造福地球家园"等绿 色发展理念，坚持生态优先绿色发展，大力推进绿色矿山建设；"十四五"以来，集团环保减排投入年均 增长20%以上，环境污染防控水平和环境风险防范能力得到不断提升；坚持山水林田湖草沙一体化保护 和系统治理，全面打造"三季有花、四季常绿" ...

Core Viewpoint - The completion of the Xiangshui Ship Lock project, a key waterway facility in Jiangsu Province, enhances regional water transport and supports the integration of the Yangtze River Delta and the Huai River ecological economic belt [1][4]. Group 1: Project Overview - The Xiangshui Ship Lock project includes the renovation of the waterway system, the construction of a new ship lock, and the building of a working bridge, aimed at eliminating navigation bottlenecks in the region [1]. - The project has passed acceptance inspection and is recognized as a Class II waterway standard facility, which will significantly boost water transport development in eastern Jiangsu [1]. Group 2: Innovative Construction Techniques - The project team employed a "large-diameter bidirectional mixing three-axis cement mixing pile technology" to address complex geological conditions, achieving a 96.8% acceptance rate for pile quality [2]. - The use of an intelligent monitoring system allowed for real-time adjustments in cement mixing, effectively solving traditional construction issues and minimizing environmental impact [2]. Group 3: Sustainable Development Initiatives - The project implemented a resource utilization plan for construction waste, achieving "zero external transport" and full utilization of excavated soil for embankment and landscaping [3]. - Over 2,000 trees were planted to create a 10-kilometer green ecological corridor, enhancing soil stability and improving local ecological conditions [3]. Group 4: Community Engagement and Social Responsibility - The project has established a mechanism to engage local communities, providing job opportunities and skills training to enhance employment prospects for residents [4]. - Regular community outreach activities have improved local residents' awareness of legal rights and safety practices, demonstrating the company's commitment to social responsibility [4].

经过深入研讨，论坛形成三大行业共识：一是电动智能化优势需与ESG责任深度融合，升级为负责任的 全球企业公民之路；二是智能汽车需以安全和用户价值为底线，理顺生态关系实现共赢；三是可持续发 展与ESG已从"可选项"变为"必答题"，需内化为企业核心竞争力。 中证报中证网讯(记者龚梦泽)12月19日，以"美美与共，和而不同"为主题的2025中国汽车行业全球化及 可持续发展论坛在北京举办，来自行业协会、汽车及零部件龙头企业、国际机构、投资机构与媒体机构 的近两百位嘉宾齐聚一堂，围绕全球汽车产业格局演变、中国汽车行业技术演进和生态开放、企业ESG 价值创造等核心话题展开深入研讨。 论坛现场，中国汽车工程学会名誉理事长、华汽基金会理事长付于武发布《中国汽车可持续发展倡议 书》，倡导汽车企业以可持续发展理念为引领，规范竞争行为，维护行业秩序，推动企业与社会经济协 同可持续发展。他用多项行业数据印证2025年中国汽车产业的历史性跃升，同时呼吁企业重视ESG实 践，应对内卷、质量安全等挑战。中国汽车工程学会副秘书长吴锋、北京汽车博物馆馆长刘井权等嘉宾 也在致辞中强调了可持续发展理念对汽车产业全球化的重要意义。 主题演讲环节，零跑 ...

Core Insights - BASF has been a significant player in the Chinese market for 140 years, marking its deep-rooted presence and commitment to the region [1][4] - The successful launch of the first products from the Zhanjiang integrated production base represents a milestone in BASF's largest single investment project to date in China, further solidifying its strategic focus on the Chinese chemical industry [1][12] - The "Winning with Purpose" global strategy aims to drive sustainable development and innovation, aligning with China's economic transformation and growth potential [15][16] Historical Context - BASF's entry into China began in 1885 with the introduction of synthetic dyes, marking the start of its long-standing relationship with the country [4][7] - By 1904, BASF's sales in Asia accounted for 5.6% of total sales, which increased to approximately 14% by 1913, indicating rapid growth in the region [4] - The company's significant investments in China began in the 1980s, coinciding with the country's economic reforms, leading to a robust expansion of its operations [7][8] Investment and Development - The establishment of the first joint venture in Shanghai in the 1980s marked the beginning of BASF's local production capabilities, which have since expanded to 30 production bases across China [8][14] - The Zhanjiang integrated production base, with an investment of €8.7 billion, is set to provide a comprehensive value chain from basic chemicals to consumer products, supporting various industries [13][14] - BASF's commitment to local production is evident, with over 80% of its sales in China coming from locally produced products by 2024 [14] Strategic Initiatives - The "Winning with Purpose" strategy focuses on value creation and performance culture, aiming to become the preferred chemical company while supporting clients' green transitions [15][16] - BASF has set ambitious climate goals, including achieving net-zero emissions by 2050 and transitioning its product lines to renewable energy sources [19][20] - The company actively engages in social responsibility initiatives, fostering community relations and promoting sustainable development through various programs [20][21]

五粮液认为可持续发展不是选择题，而是必答题，是企业长期竞争力的根本来源，因此，五粮液创新构 建白酒行业首个系统化"四循环体系"，以"土、热、电、水"重构资源利用方式，致力于打造负责任的商 业生态。 当地时间12月15日，由联合国环境规划署（UNEP）、可持续企业家论坛（SBLF）等机构联合主办 的"创建可持续商业与品牌高级别对话会"在位于肯尼亚内罗毕的联合国环境规划署总部举行，《五粮液 （000858）：以"四循环"打造负责任的商业体系》的可持续发展实践，入选2025年"创建可持续品牌"愿 景倡议代表性案例。12月16日，五粮液以战略合作伙伴、晚宴指定用酒身份亮相"可持续企业家论坛 2025：创建地球友好的可持续商业"主题活动，携手全球伙伴共创绿色未来。 由可持续企业家论坛等共同发起的"创建可持续品牌"愿景倡议于今年9月在联合国日内瓦万国宫的发 布，标志着中国品牌正以集体行动携手塑造可持续全球新名 ，主动引领并构建可持续商业国际共识。 此后，为推动"创建可持续品牌"愿景倡议，从愿景共识落实为可借鉴、可遵循的实践路径，向世界讲述 中国品牌的可持续发展故事，可持续企业家论坛与联合国环境规划署（UNEP）、联合国环 ...

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 摘要 金属材料具备优异的机械性能、轻量化、耐腐蚀、磁屏蔽、可循环等功能特性。随着全球产业发展正朝 着环境可持续、5G通信发展、航天科技等方向推进，以新能源汽车为例，其结构件需同时具备轻量 化、高强度及减震特性，以实现减轻车身重量、提升安全性、延长续航里程以及大功率快速充放电等效 果。 本文收集整理了国内外先进金属材料的发展需求及应用趋势，助力产学研相关研发人员快速明确新材料 研究方向，精准把握未来新兴产业的应用发展需求。 一、前言 随着全球变暖引发日益严重的极端气候——例如强度不断升级的台风/飓风、愈发频繁的干旱与野火、 强度加剧的强降雨，以及南北极升温导致极地涡旋稳定性下降引发的暴风雪等，国际社会的环保意识逐 步觉醒，普遍呼吁产业发展需加速布局绿能领域，减少温室气体排放并推进节能降耗，推动各国实现 2030 年减碳50%、2050年达成碳中和的目标。 可持续发展已成为当前产业发展的核心考量议题，而轻 量化则是金属产业现阶段的主要发展方向 。 钢材可应用于环境温度-196℃~650℃、机械强度100~50 ...