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]

Core Viewpoint - The recent developments in the Middle East have led to a decline in the Asia-Pacific markets, with A-shares experiencing a downward trend. However, the market showed signs of recovery on June 20, with the CSI A500 Index ETF (563880) slightly increasing by 0.31% as of 9:50 AM [1]. Group 1: Market Performance - On June 19, the Asia-Pacific markets experienced a broad decline due to escalating tensions in the Middle East, resulting in a single downward trend for A-shares [1]. - On June 20, the CSI A500 Index ETF (563880) opened higher and showed a slight increase of 0.31% by 9:50 AM, indicating a potential market recovery [1]. Group 2: Financial Forum Insights - The 2025 Lujiazui Forum opened on June 18, focusing on financial openness and high-quality development amid global economic changes. This forum is expected to promote capital market reforms and development, providing a favorable environment for the long-term outlook of the equity market [2][3]. - The People's Bank of China announced eight significant financial policies during the forum, including the establishment of a trading report database and a digital RMB international operation center, aimed at enhancing the financial market environment [3]. Group 3: Policy Implications - The forum's policies are expected to support long-term investment strategies, particularly in the context of the ongoing U.S.-China strategic competition, enhancing the international competitiveness of Chinese manufacturing [4][5]. - The reforms in the Sci-Tech Innovation Board (STAR Market) are designed to support high-quality technology enterprises, reflecting a commitment to developing new productive forces [5][6]. Group 4: Investment Opportunities - The CSI A500 Index ETF (563880) is highlighted as a key investment vehicle, focusing on core assets and new productive forces, which are expected to attract foreign capital amid a weak dollar environment [5][6]. - The ETF offers a low comprehensive fee rate and a monthly dividend assessment mechanism, providing investors with predictable returns and enhancing its appeal as a financing tool [7].

近年来,山东自贸区青岛片区精准改砖装高标准国际经贸规则,深化货物贸易、金融开放、数字经济等领域创新探索,吸引更多的跨国公司 投资落户。(□资料图) □ 本报记者 孙源泽 开放是当代中国的鲜明标识,也是当代 山东的鲜明标识。 "中国开放的大门只会越 开越大,营商环境只会越来越好,为全球跨 国公司创造的机遇只会越来越多 自2019年10月举办首届跨国公司领导人 青岛峰会,六年来,山东扛牢开放大省担 当,以打造高能级开放平台推动高水平对外 开放,对外开放新高地建设稳步推进,开放 型经济不断迈上新台阶。 营造市场化、法治化、国际化营商环境 外企增资扩产项目入选省技 改导向目录 推动高水平对外开放,营商环境是 关键 上 ·第六届跨国公司领 德纳(山东)申机有限公司是一家深耕 "从我 新能源车电机制造领域的美资企业。 们在潍坊综合保税区落地起. 一直享受着 "该公司总经理陈杰介 '保姆式'服务。 绍,为帮助企业发展,潍坊综合保税区组建 "一对一"服务团队,服务专员定期走访 企业,动态跟踪企业发展。得益于全方位的 服务举措,德纳新能源电机增资扩产项目入 选省技改导向目录。2024年,公司实现营收 4.4亿元. 潍坊德纳保税 ...

Core Insights - The sixth Multinational Corporation Leaders Summit held in Qingdao from June 18 to 20 highlights Shandong's role as a hub for global resources and capital, showcasing its commitment to high-level openness and mutual benefits [1][16] - The summit emphasizes the integration of market demand and resource advantages, moving beyond simple investment promotion to a more collaborative approach [3][4] Group 1: Summit Features - This year's summit features 28 industry chain investigation routes and various specialized activities aimed at deepening connections between multinational companies and local resources [3] - The participation of 570 global corporate guests, with 131 first-time attendees, indicates a strong attraction of emerging market enterprises to Shandong [4] - The summit includes forums on emerging industries such as general aviation, low-altitude economy, and artificial intelligence, providing a roadmap for multinational companies [4][5] Group 2: Economic and Industrial Context - Shandong boasts a robust industrial system with all 41 industrial categories represented, supporting both traditional manufacturing and emerging industries [6] - The province's GDP grew by 6.0% year-on-year in the first quarter, providing a stable economic environment for multinational companies [6] - The high-tech industry in Shandong is projected to account for over 52% of industrial output by 2024, with nearly 1,000 AI companies contributing to a scale exceeding 100 billion [6] Group 3: Open Platforms and Investment Environment - Shandong's open platforms, such as the Qingdao Port and the Shandong Free Trade Zone, facilitate significant foreign investment, with annual growth rates in foreign trade and actual foreign investment exceeding provincial averages [8] - The province has implemented a service platform to address foreign enterprises' needs, resolving over 1,400 issues for foreign companies [8][9] - The successful establishment of foreign enterprises like Ediwos in Qingdao underscores the positive impact of Shandong's business environment on foreign investment [9] Group 4: Future Prospects and Strategic Goals - The summit is expected to enhance cooperation in emerging fields, with R&D investment in Shandong's foreign-funded industrial enterprises increasing from 18.29 billion to 23.36 billion from 2020 to 2023 [14] - The introduction of the "Summit Consumption Week" aims to transform the summit's economic impact into consumer engagement, enhancing local consumption [15] - The summit aligns with international trade rules, promoting Shandong's integration into global standards and enhancing its competitive edge [15]

初夏时节，浮山湾畔，新朋故知两则故事在续写。 一则是"老友记"：扎根青岛13次增资扩产，20余年10连投聊城，希杰集团作为"全勤生"已是第六次参会；从听众到融入，阿斯利康三年 三增资，青岛吸入气雾剂生产供应基地将成为其全球近30家工厂中首家投产即达零碳排放的工厂。 一则是"新知录"：第一次赴青参会的沙特东南亚商业理事会执行董事奥萨马·科坎迪，刚到峰会就希望会一次又一次再来。他说，"山东 特别是青岛在智慧物流、家用电器和农业科技创新方面有巨大潜力，这与沙特的优先发展重点非常契合。我们热切希望，能参与到相关 重大项目中。" "实践证明，外资企业是中国式现代化的重要参与者，是中国改革开放和创新创造的重要参与者，是中国联通世界、融入经济全球化的重 要参与者。" 改革开放是当代中国最鲜明的特色，也是当代山东的鲜明旗帜。第六届跨国公司领导人青岛峰会，正在向世界传递中国持续扩大开放、 欢迎外资的信号。 强化"链"能力 6月19日上午，第六届跨国公司领导人青岛峰会在青岛国际会议中心开幕，吸引了来自465家跨国公司的570位企业负责人参加。 本届峰会的主题是"跨国公司与中国—链接世界 合作共赢"，就是要为跨国公司搭建政策对话、 ...

Core Points - Chengdu is attracting global investors with its high-level openness and commitment to international cooperation [1][3][12] - The city has hosted several significant international events, enhancing its global influence and appeal [3][10][12] - Chengdu's international aviation hub is expanding, with passenger throughput expected to exceed 100 million by 2027 [13] - The city has signed numerous investment cooperation projects, with significant financial commitments made during the recent global investment conference [6][10][18] Group 1: Investment Opportunities - The 2025 "Invest Chengdu" global investment conference resulted in 16 cooperation projects with a total signed amount of 82.53 billion yuan [6] - The second "Belt and Road" technology exchange conference led to 28 bilateral government technology cooperation agreements [8] - The 20th China Western International Expo attracted over 3,000 enterprises, resulting in 416 signed investment projects worth 354.3 billion yuan [10] Group 2: Infrastructure and Connectivity - Chengdu's international air hub has seen passenger throughput surpassing 87 million and cargo throughput exceeding 1 million tons [13] - The city has established over 73 international direct flights connecting to five continents, with a projection of 1 million passengers by 2027 [13] - Chengdu's international freight trains connect to 120 cities abroad and 30 cities domestically, facilitating a robust logistics network [13] Group 3: Business Environment - Chengdu is implementing policies to optimize the business environment for foreign investment, including measures to encourage the establishment of foreign R&D centers [18] - The city has attracted over 5,000 foreign enterprises, with foreign direct investment reaching 1.671 billion USD in 2024, ranking first in Central and Western China [14] - Global companies express confidence in Chengdu's strategic opportunities and favorable industrial ecosystem [20][21]

新华社青岛6月19日电 题：新机遇 新未来——从跨国公司领导人青岛峰会看中国扩大高水平对外开放 新华社记者王凯、邵琨、张武岳 由山东省政府和商务部共同主办的第六届跨国公司领导人青岛峰会19日在山东青岛开幕，来自43个国家 和地区的570位嘉宾齐聚峰会。业内人士表示，举办第六届跨国公司领导人青岛峰会，是坚定不移推动 高水平对外开放和高质量发展的务实举措，将向世界传递中国持续扩大开放、欢迎外资的积极信号。 本届峰会的主题是"跨国公司与中国—链接世界 合作共赢"，为跨国公司搭建政策对话、产业对接、项 目合作的交流平台。 贝卡尔特中国区负责人李克说，这是他第二次参加峰会，他认为去年的峰会非常成功，对今年的峰会也 抱有很高的期望。"峰会提供了一个与政府、与价值链上的其他参与者联系的绝佳机会。"李克说。 许宝燕说，企业不断提升在华航空网络布局，去年在青岛、厦门和广州开通了全新国际货运航线，升级 了在北京和天津的进出口货件运输服务。企业还将在中国持续布局物流网络建设，让供应链更具灵活性 和韧性，并着力强化在专业清关服务、数字化、可持续发展等领域的综合能力。 当前，中国正稳步扩大规则、规制、管理、标准等制度型开放，不断完善外 ...

Core Viewpoint - The article emphasizes the importance of technological advancement and international cooperation in building a strong technological nation, highlighting the need for open innovation and collaboration to achieve this goal within the next decade [1][2]. Group 1: Technological Strength and Global Influence - A strong technological nation should possess significant international influence and innovation capabilities, continuously producing original results and leading global technological progress [2]. - The concept of a technological strong nation extends beyond domestic strength; it involves gathering and utilizing global innovation resources to address common human challenges and enhance global development [2]. Group 2: International Cooperation and Initiatives - Since the 18th National Congress, China has actively expanded international technological cooperation, establishing partnerships with over 160 countries and regions, and signing 118 intergovernmental agreements [3]. - The "Belt and Road" initiative has led to the establishment of over 70 joint laboratories, promoting collaborative research and the sharing of advanced technologies [3]. Group 3: Future Directions and Strategies - The focus is on strengthening international technological cooperation through mutual benefits, enhancing government and civil exchanges, and implementing international cooperation initiatives [4]. - There is a call to deepen integration into the global innovation network, promote open sharing of national technological plans, and lead international scientific programs in areas of common concern such as climate change and biosecurity [4].