Core Insights - The Shanghai International Reinsurance Registration Trading Center has achieved a trading scale of 2.1 billion yuan, marking a significant breakthrough in its development from "0 to 1" [1][2] - The center is moving towards a new development stage with a complete business model of "inward + outward + brokerage" [1][2] Development Milestones - The "International Board" of Shanghai Reinsurance officially launched in June 2023, with the establishment of the Shanghai International Reinsurance Registration Trading Center in October 2024 [2] - The Shanghai Financial Office has reported significant progress in institutional aggregation, platform construction, and regulatory improvement [2] Future Development Focus - The Shanghai Insurance Exchange has outlined a three-phase development path: Phase 1 focuses on domestic transactions, Phase 2 on cross-border transactions, and Phase 3 on global risk governance [2] - The focus is on attracting institutions to register and conduct business through differentiated regulatory policies and local incentives [2] Data Cross-Border Solutions - The Lingang New Area has introduced the world's first operational guidelines for cross-border data flow in the reinsurance sector, establishing a complementary mechanism for efficient and secure data solutions [3] - The area is also developing industry clusters with high growth potential, such as new energy vehicles and integrated circuits, which increase the demand for risk protection [3] Regulatory and Market Environment - Suggestions for a differentiated regulatory system include support in solvency frameworks, investment management, and reporting requirements to attract international reinsurance capabilities [4] - Continuous efforts are needed from market, protection, and regulatory perspectives to enhance the operational rules of the reinsurance registration trading center [4][5] Collaborative Environment - The Shanghai Financial Office emphasizes the importance of a coordinated regulatory environment to support the establishment of a comprehensive and differentiated regulatory system [5][6] - The goal is to create a market-oriented, rule-of-law, and international financial business environment to position Shanghai as a leading hub for reinsurance [6]

郭嘉昆表示，中方始终坚持高水平对外开放，欢迎更多的国外企业来华提供符合要求的技术、产品和服务。我 们始终坚定支持经济全球化，推动构建开放型世界经济，这一立场没有改变，也不会改变。 郭嘉昆表示， 面对复杂的外部环境，中国经济顶压前行，稳中有进，向优向新，展现出强大韧性和发展潜 力，成为推进世界经济的"稳定源"，共享发展机遇的"引力场"。 今年前5个月，中国货物进出口总值同比增长 2.5%，社会消费品零售总额增长5%，外国人来华消费更是火热升温，离境退税新政实施首月全国离境退税笔 数同比增长116%，免签来中国将成为暑期出游的热门选择。 事实证明，中国经济长期向好的基本面不会变， 超大规模市场和完整产业体系优势不会变，高质量发展和高水平对外开放的政策方向不会变，这是国际社会持 续看好中国、抢滩中国、深耕中国的信心之源。 我们将坚定不移扩大开放，积聚新动能，提供新机遇，以自 身稳定发展为各国共同发展带来更多利好，注入更强动能。 有记者就其他国家如何从中国经济中受益提问。 法新社记者提问，欧盟委员会决定限制中企参与价值超500万欧元的医疗器械招标，欧盟委员会表示，这是对 中国对在华欧企采取限制性措施的回应。中方对此有 ...

Core Viewpoint - China maintains its commitment to promoting an open world economy and high-level foreign openness, welcoming foreign enterprises to provide technology, products, and services that meet requirements [1] Group 1 - The Chinese government emphasizes its unwavering support for economic globalization [1] - The stance of promoting an open world economy has not changed and will not change [1]

Group 1 - The China-South Asia Expo promotes economic, trade, and investment cooperation, providing long-term development opportunities for South Asian countries [1] - Pakistan's dairy industry can benefit from China's advancements in technology, logistics, and e-commerce, enhancing links to global value chains [1] - The Expo serves as a vital pathway for Pakistani enterprises to enter China's dynamic consumer market, supported by China's policies encouraging the import of quality goods and services [1] Group 2 - Collaboration in cold chain logistics, feed technology, automation, and processing equipment between Pakistan and China can significantly improve production efficiency and quality standards in the dairy sector [1] - Yunnan's unique geographical advantages position it as an important hub connecting China and South Asia, facilitating innovation, cooperation, and sustainable growth [1] - China's commitment to maintaining free and open trade acts as a stabilizing force in regional economies amid rising global trade protectionism and economic uncertainty [1]

Core Insights - China's high-level opening up provides opportunities for global enterprises, with increasing interest from Argentine export companies in the Chinese market [1][2] - The demand for high-quality products from Argentina, such as wine, mate tea, and beef, is growing among Chinese consumers [2] Group 1: Market Opportunities - Argentine company Royma has seen its export business to China account for over 90% of its revenue, expanding its product range to include mate tea and beef [1] - The Chinese market is characterized by the largest middle-income group globally, which has a strong demand for high-quality products from around the world [2] - The continuous growth of the Chinese economy offers a stable market outlook for international enterprises [2] Group 2: Product Demand - There is a rising interest in Argentine products, particularly mate tea, among Chinese consumers [2] - Argentine beef, especially high-quality Angus beef, is expected to gain recognition in the Chinese market [2] - The demand for various products, including cocoa, fish meal, and milk powder, is also increasing in China, creating opportunities for global companies [2] Group 3: Bilateral Relations - Recent visa-free policies for ordinary passport holders from Argentina have been positively received, indicating China's openness and welcoming attitude [2] - There is an expectation for closer bilateral exchanges, with more Argentine products entering China and vice versa, enhancing the quality of life for both nations [2]

Core Viewpoint - In 2023, the Shanghai Free Trade Zone (FTZ) has initiated a comprehensive pilot program to align with international high-standard economic and trade rules, with 80 pilot measures largely implemented over the past year, providing a "free trade solution" for expanding institutional openness [1] Group 1: Trade Facilitation - The Shanghai FTZ has implemented a facilitation customs clearance model, which includes "pre-reporting, advance review, immediate passage upon arrival, and immediate unpacking upon container arrival," significantly attracting companies like Maersk to establish international transshipment centers [1] - The time for transshipment from port arrival to shipment has been reduced by 50% [1] Group 2: Digital Trade - The Shanghai FTZ has taken the lead in implementing high-standard digital trade rules, with the publication and implementation of a negative list for data outbound, focusing on the reinsurance, international shipping, and commercial trade sectors [1] - This initiative effectively promotes the efficient, convenient, and secure cross-border flow of data [1]

6月18日至19日，在中国人民银行、国家金融监督管理总局、中国证监会和上海市人民政府在沪共同主 办的2025陆家嘴论坛上，一系列重磅金融政策举措发布。 其中，中国人民银行行长潘功胜表示，将实施八项金融开放举措：设立银行间市场交易报告库，设立数 字人民币国际运营中心，设立个人征信机构，在上海临港新片区开展离岸贸易金融服务综合改革试点， 发展自贸离岸债，优化升级自由贸易账户功能，在上海"先行先试"结构性货币政策工具创新，会同证监 会研究推进人民币外汇期货交易。 作为西部经济大省与科技创新高地，四川面临着一方面加快布局先进制造、绿色能源、生物医药等战略 性新兴产业，另一方面推动中小科技企业"专精特新"化发展的双重任务，亟需更加精准的金融支持和制 度供给。 当陆家嘴的政策"暖风"吹至西部腹地，四川该如何承接？顾婧给出了四点建议： 这八项举措，既是国家深化金融改革、强化高水平开放的重要部署，也为地方金融体系提供了有力的政 策引导与现实启示。对于正处于"双转型"关键阶段的四川而言，不仅是信号，更是契机。究竟如何把握 契机、承接好重大政策机遇？川观智库邀请资深专家进行了分析解读。 看政策： 从"工具式开放"向"体系性开放" ...

投资咨询业务资格:证监详可【2012】31号 宏观金融数据日报 | | 国贸期货研究院 宏观金融研究中心 郑雨婷 | | 期货执业证号:F3074875; 投资咨询证号: Z0017779 | | | 2025/6/20 | | --- | --- | --- | --- | --- | --- | --- | | | 品种 | 收盘价 | 较前值变动(bp) | 品种 | 收盘价 | 较前值变动 (bp) | | | DRO01 | 1.37 | -0.06 | DR007 | 1.54 | 1.75 | | | GC001 | 1.28 | -34.50 | GC007 | 1.56 | -8.00 | | स्ट | SHBOR 3M | 1.63 | 0.00 | LPR 5年 | 3.50 | -10.00 | | 而 | 1年期国债 | 1.36 | 0.25 | 5年期国债 | 1.48 | 0.45 | | 市 | 10年期国债 | 1.64 | 0.50 | 10年期美债 | 0.00 | -1.00 | 回顾:央行昨日开展了2035亿元7天期逆回购操作,操作利率1.40%,投标 量2035 ...

在北京亦庄，一座由多层穿梭车立体库、全自动输送线和机械臂构成的现代化物流基地巍然矗立。踏入 这座高大宽敞的物流中心，映入眼帘的是一派忙而不乱、井然有序的景象。在"智慧大脑"的精准调度 下，一箱箱货物在高耸的货架间灵活穿梭，时而跃上高速运转的输送带，时而登上往来穿梭的无人搬运 车，以灵动而敏捷的节奏，演绎出工业脉搏的智慧律动。 这座规模宏大且运作繁忙的物流基地，正是施耐德电气在亚太地区的重要物流枢纽之一——施耐德电气 北京物流中心（以下简称"北京物流中心"）。如今，借助开放的、软件定义的自动化技术以及数字孪生 等前沿科技，这座经过全面升级的物流中心正逐渐成为智慧物流"新范式"的标杆典范。 主动升级应对多维需求和挑战 制造业物流的技术创新与升级，始终与制造端和销售端的需求变化紧密相连。在制造端，随着产品类别 日益细分和定制化需求的增加，原材料的物流供应链必须更加灵活和高效，以满足不断增长的精益化、 柔性化生产需求。而在销售端，客户对产品质量和交付周期的高要求，使得物流的效率、精准性和可追 溯性变得尤为重要。 不仅如此，随着"双碳"目标的持续推进，仓储物流环节也需要在能源管理等方面主动优化，通过节能降 耗减碳，实现 ...

Core Insights - Anta Group held its third Innovation Awards ceremony in Xiamen, awarding over 1 million in total prizes, recognizing 21 innovative achievements across various categories [1] - The awards aim to enhance brand value and consumer perception through innovative products, technologies, and business models, laying a solid foundation for long-term growth [1] - Anta Group's commitment to innovation is reflected in its goal to become a global benchmark for innovation by 2030, as stated by the company's Executive Director and Co-CEO [2] Group 1: Innovation Awards - The Innovation Awards received nearly 300 submissions this year, with 21 projects recognized, including 8 in product innovation, 7 in technology innovation, and 6 in business model innovation [1] - The "PG7" running project won the gold award for product innovation, while the "Polyimide Technology" thermal material project and the "AI Simulation Engine" project won gold in technology innovation [1] - The awards have been held for three consecutive years, encouraging participation from all employees across various brands and departments within the group [1] Group 2: Innovation Initiatives - Anta Group launched the industry's first sports goods industry innovation accelerator, inviting startups to participate in strategic research and commercial applications of cutting-edge sports technology [3] - The innovation accelerator focuses on three key areas: advanced materials, digital intelligence, and logistics innovation, aiming to attract innovative resources and lead industry technological advancements [3] - A strategic partnership was established with Yushutech and Hong Kong Polytechnic University to research humanoid robots in sports science, enhancing the open innovation ecosystem in China's sports industry [3] Group 3: Future Investment in Innovation - Anta Group has invested a total of 20 billion in innovation over the past decade and plans to invest an additional 20 billion in the next five years for independent research and development [4] - The company holds the highest number of patent applications in the industry, with 5,830 patents, and is the first in the world to receive ISO56001 international innovation management system certification [4] - Anta Group has established a global open innovation ecosystem involving 7 design and R&D centers, over 70 universities and research institutions, and a significant number of experts and suppliers [4]