智通财经记者 | 陈怡轩 近日，海航控股（600221.SH）发布的两项增资决议引发行业关注：一项是放弃参与西部航空不少于15.5亿元的增资认缴，持股比例预计从28.43%被稀释至 13.94%；另一项是以7.5亿元自有资金增资海航货运有限公司。 两项动作方向截然相反，却指向统一逻辑：在盈利修复周期与高负债压力下，海航正不断调整资本配置路径。 海航方面向智通财经记者回应称，近年来国内航空货运企业陆续通过IPO等方式登陆资本市场，广受投资人认可，市值甚至追平或超越了航空客运企业。公 司看好货运板块，增资有助于把握市场增长机遇。 资产调优 海航破产重整距今已四年有余。自2021年辽宁方大集团接手海航以来，这家曾拥有庞杂资产版图的航空集团持续推进资产瘦身。 资本市场方面，分析师普遍对海航控股前景保持谨慎乐观态度。华源证券分析师指出，行业供需反转在即，鉴于公司处于业绩修复初期，经营效率提升下， 有望充分发挥先发资源优势及自贸港区位优势，利润弹性空间可期。 在资本投入上，海航控股过去两年偏向谨慎。最近一次公告是今年8月《第十届董事会第四十三次会议》上审议通过"增资子公司海航航空技术有限公司 16.35亿元人民币"一例， ...

外贸，拉动经济增长的"三驾马车"之一。 前三季度，我国货物贸易进出口总值同比增长4%。上半年，新设外资企业同比增长4.1%。面对复杂严 峻的外部环境，我国外贸韧性彰显，外资持续加码。 ■外贸产品结构不断优化，出口新动能增势良好 据海关统计，前10个月，我国出口机电产品13.43万亿元，同比增长8.7%，拉动我国整体出口增长5.2个 百分点。 "新三样"产品、铁道电力机车、风力发电机组等绿色产品出口增速都达到两位数。向新、向智、向绿等 新动能不断涌现，持续推动我国外贸提质增效。 ■不断开拓新兴市场，贸易伙伴更趋多元化 数据显示，前10个月，我国对共建"一带一路"国家合计进出口19.28万亿元，增长5.9%。其中，东盟继 续保持我国第一大贸易伙伴地位，对东盟进出口同比增长9.1%，对亚太经合组织（APEC）其他经济体 进出口增长1.5%。此外，我国自拉美、非洲和中亚国家进口分别增长1%、5.2%和23.7%。 ■新平台新模式拓展新空间 以跨境电商、保税维修、市场采购等为代表的新业态新模式助力各国消费者、生产者"买全球、卖全 球"，成为稳外贸的重要引擎；举办消博会、进博会、广交会、链博会等重点展会，进一步帮助企业开 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 该股票涉及跨境电商、IP经济、国企改革、旅游商贸多个概念。具体如下：1.子公司商旅跨境开展跨境 电商业务，2024年累计开设8家店铺，含5家已运营的亚马逊店铺及1家已上线的Temu店铺；2.子公司南 京新旅投围绕红山动物园IP打造360球幕影院，并推出《穿越红山》主题影片；3.控股股东重组完成， 南京市国资委直接持有新文旅集团42%股权，公司实控人仍为南京市国资委，属南京市属国企；4.公司 推进"旅游+商贸"双主业，子公司秦淮风光拥有夫子庙-秦淮风光带20年水上游览特许经营权，为区域唯 一运营方。 业绩方面，2025年1月-9月，南京商旅实现营业收入5.53亿元，同比减少8.07%；归属净利润1897.74万 元，同比减少51.46%。 12月8日，南京商旅收盘首板涨停，沪深京交易所数据显示，截至当日收盘，南京商旅报11.24元/股，成 交额2.95亿元，总市值34.91亿元，封板资金6050.15万元。 异动原因 ...

作为TikTok Shop史上规模最大的跨境电商狂欢盛宴，首个全球黑五大促圆满收官。 •据悉，全球多国生意刷新纪录，美区黑五网一爆发期交易额直接突破5亿美金;与此同时，英国、欧盟 四国、日本、墨西哥等多国市场也捷报频传，生意均刷新历史纪录，带动当地商家生意接连突破全年最 高峰值。 •中国商家生意刷新纪录，跨境POP美区对比年中翻倍增长、新市场多倍增长，达人单场直播GMV、品 牌GMV均突破历史纪录;全托管全球生意对比年中翻倍增长，英国领跑迎来近200%高爆发，商家单场直 播破历史纪录，新市场多国迎来多倍增长。 全球多国全面爆发，线上线下氛围空前浓烈 从已经公开的黑五大促成绩看，TikTok Shop实现全球市场同步冲高，美区及多国市场整体生意迎来巅 峰增长，线上线下消费同步增长。 相比以往的活动节日，线上线下协同联动成了本次大促一大特征。例如，线上，达人、商家直播间人气 爆棚，短视频种草热度持续攀升，优质内容与热门商品形成强联动，掀起全民抢购热潮;而在线下，相 关促销话题持续发酵，消费者对TikTok Shop黑五好物的讨论度居高不下。 跨境自运营(POP)：美区翻倍，新市场多倍增长，好品牌在TikTok S ...

Core Insights - Private enterprises remain the largest entity in China's foreign trade, playing an irreplaceable role in stabilizing growth, expanding markets, and promoting innovation [1] Group 1: Industry Overview - The steel furniture production base in Pangcun Town, Luoyang, is the largest in the country, with over 1,000 private enterprises producing more than 1,000 varieties across nine categories, exporting to over 120 countries and regions [1] - Luoyang's steel furniture companies are actively exploring emerging markets in Southeast Asia, the Middle East, and Africa, utilizing cross-border e-commerce to diversify their market presence [3] Group 2: Policy and Support - Cross-border e-commerce has eliminated geographical limitations, allowing Pangcun to directly engage with global consumers, facilitating a "buy global, sell global" approach [5] - Luoyang has implemented 25 business-friendly policies, reducing administrative processing times by over 60%, and has established a collaborative mechanism between government and enterprises to support overseas market access [5] Group 3: Export Performance - In the first ten months of the year, Luoyang's steel furniture exports reached approximately 2.84 billion yuan, marking a year-on-year increase of 32.6% [5] - In the first eleven months, private enterprises in China recorded a total import and export value of 23.52 trillion yuan, a year-on-year growth of 7.1%, with exports at 15.98 trillion yuan (up 7.5%) and imports at 7.54 trillion yuan (up 6.2%) [7] - The number of private enterprises with import and export records increased by 66,000 year-on-year, with a continuous nine-month growth in both exports and imports [10]

Core Insights - China's goods trade maintained growth in the first 11 months of the year, with a total import and export value of 41.21 trillion yuan, an increase of 3.6% year-on-year [1][6] - Exports reached 24.46 trillion yuan, growing by 6.2%, while imports totaled 16.75 trillion yuan, with a modest increase of 0.2% [1][6] - Trade with countries involved in the Belt and Road Initiative amounted to 21.33 trillion yuan, representing a growth of 6% and accounting for 51.8% of China's total foreign trade [1] Trade Growth and Performance - In November, foreign trade growth accelerated, with imports and exports totaling 3.9 trillion yuan, a year-on-year increase of 4.1% [4][5] - Both exports and imports showed growth in November, with exports at 2.35 trillion yuan (up 5.7%) and imports at 1.55 trillion yuan (up 1.7%) [4][5] - The continuous growth trend has been observed for 10 consecutive months, indicating resilience and vitality in China's foreign trade [5][6] Export Dynamics - The strong performance in exports is attributed to a complete industrial and supply chain, with over 200 major industrial products produced in China [10] - The export product structure has been upgraded, with over 60% of exports being machinery and electrical products, particularly high-tech products contributing significantly to export growth [10] - Emerging markets have diversified China's export markets, with trade with Belt and Road countries reaching 21.33 trillion yuan, effectively mitigating the impact of fluctuations in traditional markets [10] Import Trends - Imports have shown a continuous growth trend for six months, with a focus on optimizing the import structure and diversifying sources [12] - There has been a steady increase in bulk commodity imports to support domestic production needs, alongside significant growth in high-value-added product imports [12] - New emerging markets have become important contributors to import growth, with a notable increase in imports from Central Asia and Africa [12] Role of Private Enterprises - Private enterprises have become the mainstay of China's foreign trade, with a total import and export value of 23.52 trillion yuan, a year-on-year increase of 7.1% [14] - These enterprises have outpaced overall growth rates in exports to over 180 countries and regions, contributing significantly to both emerging and traditional markets [14] - Private enterprises are also key players in technological innovation, with a significant share of high-end machinery and lithium batteries exported by them [14] Special Economic Zones - Free trade zones and ports have emerged as core engines for foreign trade development, contributing to about 19.6% of China's overall foreign trade [16] - In the first 11 months, the import and export value of free trade zones and the Hainan Free Trade Port reached 8.07 trillion yuan, growing by 5.2% [16] - These zones leverage institutional innovation to enhance trade facilitation and market vitality, providing a strategic support for China's open economy [16]

Core Insights - The article highlights the efforts of Suzhou's cross-border e-commerce industry to facilitate the global expansion of local products through a comprehensive ecosystem that includes platform integration and product exportation [1][6]. Group 1: Company Initiatives - Suzhou Cross-Border E-commerce Industry Company aims to build a complete ecosystem for cross-border e-commerce, facilitating platform integration and product exportation [1]. - The company has established a cross-border e-commerce service team that actively visits various enterprises to educate them on policies and operational models [2][3]. - The team has visited 67 companies across various sectors, sharing effective practices related to cross-border e-commerce services and policies [3]. Group 2: Platform Development - The cross-border e-commerce selection center, operational since June, has gathered over 770 quality products from 151 Suzhou enterprises, providing a one-stop selection service for overseas buyers [4]. - The center has launched an online sales function, allowing local products to be showcased and sold directly to global buyers [4]. Group 3: Resource Integration - The company has organized multiple events to connect local enterprises with international platforms, including Amazon and various trade fairs [6]. - A total of 27 business training sessions have been conducted, covering 1,300 participants, to support talent development in the cross-border e-commerce sector [6]. Group 4: Compliance and Support - The online comprehensive service platform operated by the company handles essential functions such as customs registration and data declaration, ensuring compliance for cross-border operations [7]. - As of now, 1,964 companies have registered on the platform, with plans to serve over 360 enterprises by 2025 [7].

Group 1 - WeChat Pay has officially launched in Qatar, with QNB becoming the first bank in the GCC to support it, providing a new digital payment tool for retailers to connect with Chinese consumers [5][6] - Meituan Keeta has officially launched in eight cities in São Paulo, Brazil, as part of a five-year investment plan of 5.6 billion Brazilian Reais [5][6] - Shopee and Shein are the preferred overseas platforms for Brazilian consumers, with 96% of consumers engaging in international shopping in the past year [6][7] Group 2 - JD.com has acquired over 85% of CECONOMY in Germany, aiming to accelerate localization in the European market [7] - Cainiao's Hong Kong eHub has launched an automated stacking system, achieving 80% process automation and improving efficiency by 20% compared to traditional methods [7] - MAISEAT has launched a global app to enhance the cross-border ticket purchasing experience, supporting multiple languages and payment methods [8] Group 3 - WuXi Biologics is establishing the first integrated CRDMO center in the Middle East, collaborating with Qatar Free Zones Authority to enhance the biopharmaceutical industry [8] - Changan Automobile plans to launch electric vehicle brands Avatr and Nevo in Europe within two years, focusing on pure electric models [8] - China Power Construction has signed multiple overseas projects in renewable energy and infrastructure across various countries [9] Group 4 - UniXAI has completed a total of 300 million yuan in financing, achieving monthly deliveries of over 100 units of service robots [10] - Daimeng Robotics has secured new strategic financing to accelerate its development in tactile sensing technology and global market expansion [10] - Suisheng Technology has raised millions in angel funding to develop AI recording hardware, with plans to launch its first product in 2026 [11] Group 5 - The AI glasses market is experiencing a surge, with major players like Li Auto and Alibaba launching new products and forming industry alliances [12] - Over one-third of mobile marketers are currently investing in short drama advertisements, indicating a shift in global strategies for Chinese app developers [12]

Core Insights - Amazon announced the establishment of the world's first smart hub warehouse in Shenzhen to facilitate faster delivery of Chinese goods to global consumers [1][7] - The event showcased innovative products from Chinese sellers, indicating a shift from reselling to product development and brand creation [3][5] Group 1: Amazon's Strategic Developments - Amazon's global vice president, Eric Bruesch, highlighted the transition of Chinese sellers from resellers to innovators on the platform [5] - The smart hub warehouse in Shenzhen is set to open in March 2026, providing a one-stop service for storage, customs clearance, and cross-border transportation [7] Group 2: Sales Performance and Growth - Data indicates that from January to October 2025, Chinese sellers are expected to sell billions of items through Amazon's global sites [7] - The number of Chinese sellers achieving over $10 million in sales has seen a year-on-year increase of nearly 30% since 2025 [9] - During this year's Black Friday shopping season, one smart game controller company reported explosive sales growth, with annual performance expected to double [11] - A cross-border e-commerce seller noted a more than 400% increase in overseas sales during Black Friday, with Spain and Brazil experiencing growth rates of over 700% and 500%, respectively [13]

【东盟专线】(经济观察)海南跨境电商迎封关新机遇 发力东南亚市场 阮宁预测，海南封关后短期内将吸引跨境电商企业设立运营中心与结算总部，长期看，有望形成集物流 仓储、营销推广、融资结算、人才培育的一站式服务体系。 他认为，封关后海南跨境电商可创新商业模式，例如探索"线上下单、线下体验"，推动TikTok Shop与 本地机构合作设立外籍主播基地，在景区推出"快闪店+线上商城"联动，升级体验式消费。 中新社海口12月7日电 (记者 王子谦)"这些商品重点面向东南亚市场，国内外企业及网红入驻后将获得 一站式直播服务。"即将投入运营的海口市跨境电商协会秀英区运营中心近日上架了多种"海南特礼"， 海口市跨境电商协会会长阮宁7日对中新社记者说，海南自贸港即将封关运作，行业积极布局，迎接历 史性机遇。 12月5日，海口市跨境电商协会秀英区运营中心工作人员正在直播选品区上架"海南特礼"。 中新社 记者 王子谦 摄 海南跨境电商产业正在提速发展，今年全岛获批设立跨境电子商务综合试验区，提出打造跨境电子商务 进口消费中心，培育出口新业态，优化会展与直播生态。 面对利好，行业积极行动。在澄迈县，新打造的跨境电商基地签约外籍主播，启 ...