近期召开的2025陆家嘴论坛释放出新一轮高水平对外开放政策利好，上海作为国际金融中心的枢纽功能 进一步强化，为金融创新和企业融资提供了新的机遇。在此背景下，一场以"基于银行业'资源禀赋'的 中国民营中小微企业供应链金融的创新模型与前沿探索"为主题的研讨会于近日在复旦大学举行。 与会专家认为，中国民营中小微企业供应链金融，以银行业为主要提供者，以中小微企业为服务对象， 以技术进步为支撑，顺势应变，为中国式金融发展提供了一个独特内容，也为世界金融业提供了一个值 得关注的中国样本。 复旦大学国际供应链金融研究中心主任陈祥锋教授、澳大利亚麦考瑞大学供应链管理学教授及国际运输 与物流学会澳大利亚新南威尔士州（CILT-A NSW）主席Peter Shi、赞同科技股份有限公司首席技术官 蒲云、咨询服务管理合伙人蔡俊杰等中外专家和业界大咖参加会议并进行了深入探讨。 供应链金融的由来 陈祥锋教授指出，自上世纪60年代起，中国企业的发展经历了"制造为王""渠道为王"和"现金为王"三个 阶段，2020年至今已进入"数据为王"的时代。 赞同科技国际科研负责人明熙博士系统阐释了其团队发表于全球权威学术会议"第51届国际计算机与工 业 ...

Group 1 - The lithium battery industry is facing a new round of challenges, and the integration of production and finance is essential for the industry chain to navigate through cycles [3] - The introduction of new products such as lithium hydroxide is anticipated, and the futures market will deeply integrate into the lithium battery industry chain [3] - The event aims to facilitate discussions on industry development among key players, with a focus on providing top-notch derivative trading and risk management services for lithium battery industry clients [3] Group 2 - The event will take place on July 8 in Shanghai, China, organized by Xinhua Lithium Battery and Guotou Futures [2][3] - Participation in the event is free for those who register in advance, with sponsorship opportunities available for companies [4] - On-site registration will incur a fee for those who have not registered beforehand, emphasizing the importance of early registration [4]

Group 1 - The domestic commodity futures market is set to introduce multiple new varieties this year to meet the diverse and refined risk management needs of enterprises, aiding them in hedging against risks [1] - The internationalization of China's futures market has been enhanced, with 16 new tradable futures and options products available for qualified foreign institutional investors (QFII and RQFII) starting June 20 [1] - As of now, the number of tradable products for qualified foreign investors in China's futures market has increased to 91 [1] Group 2 - New futures products are being accelerated, including cash-settled monthly average futures contracts for linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), and polypropylene (PP) announced by Dalian Commodity Exchange [2] - The Zhengzhou Commodity Exchange is preparing to launch futures and options contracts for propylene, which is the largest olefin product in China [2] - The Guangzhou Futures Exchange aims to develop a green futures trading platform, focusing on new energy and materials, with plans to introduce platinum and palladium by 2025 [2] Group 3 - The trading activity in China's futures market has remained robust, with a cumulative trading volume of 3.337 billion contracts and a trading value of 28.693 trillion yuan in the first five months of the year, reflecting year-on-year increases of 15.61% and 21.33% respectively [3]

Core Viewpoint - China-Italy Life Insurance Co., Ltd. (中意人寿) has undergone a change in leadership with Tong Tianxi appointed as the new chairman, amid a significant decline in investment performance in Q1 2025 [1][2][10]. Company Overview - China-Italy Life Insurance was established in 2002 as a joint venture between China National Petroleum Corporation (中石油) and Italy's CNP Assurances, with each holding a 50% stake [1][2]. - The company has maintained its shareholder structure since its inception, with the chairman position traditionally filled by representatives from 中石油 [2]. Financial Performance - As of Q1 2025, China-Italy Life reported an investment return rate of 0.67% and a comprehensive investment return rate of -0.1%, a significant decline from 1.34% and 3.64% in Q1 2024, respectively [1][10]. - The net cash flow dropped from 1.271 billion yuan at the end of Q4 2024 to -266,890 yuan in Q1 2025, and net assets fell over 45% year-on-year to 4.8 billion yuan [1][10]. - The company achieved insurance business revenue of 14.59 billion yuan in Q1 2025, a year-on-year growth of 1%, with a premium growth rate of 0.28% [7]. Strategic Direction - The company has historically focused on dividend insurance products, which have gained popularity as traditional insurance products lose appeal due to declining interest rates [6][7]. - In response to the declining new business premiums in the industry, China-Italy Life has introduced several traditional insurance products to boost cash flow [7][8]. - The management faces a strategic decision on whether to continue promoting dividend insurance or shift focus to traditional insurance to maintain premium scale and cash flow [8]. Leadership and Management - Tong Tianxi, the new chairman, has extensive financial experience within the 中石油 system and aims to leverage insurance funds for long-term financial services in the energy sector [3][4]. - Key executives in financial and asset management roles at China-Italy Life predominantly come from the 中石油 system, indicating a strong influence from the parent company [4][5]. Market Challenges - The insurance industry is experiencing a downturn, with new single premiums dropping significantly, impacting China-Italy Life's new business growth [6][7]. - The company is also facing challenges related to net asset and investment return declines, exacerbated by changes in accounting standards and a low-interest-rate environment [10][11].

（编辑 张钰鹏） 本报讯 （记者吴奕萱）为深入贯彻落实新"国九条"及资本市场做好金融"五篇大文章"等"1+N"政策体系，持续发挥资本市 场枢纽功能，更好服务民营经济发展，6月17日下午，正值《中华人民共和国民营经济促进法》颁布实施即将满月之际，宁波 市证券期货业协会举办"资本市场服务宁波民营经济高质量发展"主题采访活动。11家行业机构、8家民营企业代表参加活动。 兴业期货有限公司、浙商期货有限公司（以下简称"浙商期货"）、国海良时期货有限公司、国泰君安期货有限公司、申银 万国期货有限公司等期货经营机构代表在活动现场介绍了服务宁波民营企业风险管理情况，分享了支持企业运用期货及衍生品 工具规避风险的典型案例。 通过交流发现，现阶段，民营企业尤其是中小微企业在运用期货工具时，仍然面临着诸多困难。例如企业专业性缺乏、风 险管理意识薄弱；内部制度不完善；策略执行偏差导致套保效果削弱；期现品质割裂等问题。 对此，各家期货经营机构代表提出了深化投资者教育与培训、推动企业完善风险管理体系建设等建议。浙商期货宁波分公 司代表在现场表示，希望在当地政府的协调下，金融行业协会、现货产业协会、各类产业研究所能够多汇聚一起，针对宁波当 ...

Core Insights - The Tianjin Free Trade Zone (FTZ) has transformed into a significant financial leasing hub, with a total leasing asset scale of 2.2 trillion yuan, accounting for one-fourth of the national total [3][5] - The FTZ has introduced 40 innovative leasing business models, with cross-border leasing of aircraft, ships, and offshore platforms dominating over 70% of the national market share [1][3] - The financing leasing industry in Tianjin has evolved from a nascent stage to a leading position, becoming the second-largest global center for aircraft leasing, just behind Ireland [3][4] Industry Development - The establishment of the Tianjin FTZ in 2015 aimed to create a national leasing innovation demonstration zone, leading to the implementation of various supportive policies [3][4] - The FTZ has developed a "1+3+4" cross-border financial policy system, enhancing foreign investment channels and attracting quality capital [5] - The financing leasing sector has expanded beyond aviation, with significant developments in shipping and green industries, showcasing a diversified growth model [6][7] Policy and Innovation - The FTZ has implemented policies such as allowing operational leasing to collect foreign currency rent, which has significantly boosted the leasing industry [3][4] - The introduction of a green financing leasing development plan has established a national first for green leasing evaluation mechanisms, promoting sustainable practices [6] - The collaboration between government and enterprises has been crucial in overcoming initial challenges and fostering a supportive environment for the leasing industry [4][6]

Core Viewpoint - The Shanghai Automotive Group Co., Ltd. (SAIC) is preparing for its 2024 Annual General Meeting (AGM), focusing on maintaining order, ensuring shareholder rights, and discussing various proposals related to financial audits, corporate governance, and strategic initiatives. Group 1: Meeting Procedures and Regulations - Shareholders must register in advance to attend the AGM, and registration will close before the meeting starts [1][2] - The AGM will follow a structured process where shareholders will review and vote on various proposals, with the results announced on the same day [2][7] - Photography, videography, and audio recording are prohibited during the meeting to protect the rights of all participants [2] Group 2: Key Proposals and Voting - Proposals include the reappointment of PwC as the financial auditor, approval of related party transactions, and various guarantees provided by subsidiaries [3][4][16] - The AGM will also address amendments to the company's articles of association and the establishment of a three-year shareholder return plan [14][16] Group 3: Financial Performance and Strategic Initiatives - In 2023, the company sold 4.013 million vehicles, with a retail figure of 4.639 million, marking a nearly 30% year-on-year increase in new energy vehicle sales [10][11] - The company aims to enhance its core competitiveness by focusing on independent brand development and optimizing its business structure [10][11][23] - SAIC is committed to improving its governance structure and risk management, with a focus on ESG (Environmental, Social, and Governance) initiatives [12][13][14] Group 4: Shareholder Returns and Corporate Governance - The company plans to distribute cash dividends totaling 4.232 billion yuan, representing 30% of the net profit attributable to shareholders [14][30] - The board has implemented reforms to enhance the role of independent directors and improve decision-making processes [12][35] - The company has maintained a high standard of information disclosure, receiving an "A" rating for its disclosure practices [27][29]

Group 1 - The maritime services sector, particularly maritime finance, plays a crucial role in the shipping industry and global trade, with a projected market size of $442.55 billion by 2030 and a CAGR of 3.8% from recent years [1] - The maritime finance sector is undergoing significant changes due to shifts in global trade patterns, technological advancements in shipping, and evolving environmental requirements, presenting both new opportunities and challenges [1] Group 2 - Tianjin has implemented a plan to promote high-quality development in modern service industries, focusing on enhancing traditional shipping services and strengthening the role of maritime finance [2] - The city is positioned as a strategic hub for connecting domestic and international markets, with a significant concentration of financing leasing companies, totaling 589, and a leasing asset scale of 1.65 trillion yuan, accounting for nearly 20% of the national total [2] Group 3 - Tianjin aims to integrate maritime finance with manufacturing and repair sectors, while also promoting green transformation through innovative leasing models and expanding into renewable energy sectors [3] - The region has seen the launch of several innovative maritime finance products, including cross-border RMB ship leasing and carbon-neutral ship leasing [3] Group 4 - The maritime finance industry must adapt to structural changes in the international shipping market and enhance its international competitiveness through high-level reforms and innovation [4] - The industry faces the dual challenge of green transformation and technological innovation, necessitating a shift from traditional paths to enhance influence within the shipping industry [5] Group 5 - Industry experts emphasize the need to confront challenges head-on to achieve rapid development, with a focus on international competition, innovation, and risk management [6] - Financial leasing companies are encouraged to adopt a three-pronged approach of model innovation, scale leadership, and risk hedging to gain a competitive edge in global maritime finance [6]

助力绿色低碳转型 服务新质生产力 2025年6月13日，由广州期货交易所（以下简称广期所）支持，江西九岭锂业股份有限公司（以下简称九岭锂业）主办，中信期货有限公司江西分公司（以 下简称中信期货江西分公司）承办的"助绿向新"产业基地活动——"锂向新生 岭跑未来"碳酸锂产业风险管理培训会在江西南昌成功举办。本次活动吸引了 锂电产业上下游企业代表与业内权威专家近150人参加，共探锂电产业风险管理新路径，为产业发展注入澎湃新动能。 近年来，随着新能源汽车及储能产业的快速发展，碳酸锂作为核心原材料，其价格波动对产业链影响深远。为助力绿色低碳转型、服务新质生产力，广期所 于2024年9月启动了"助绿向新"产业服务计划，实施了包括建设产业基地和开展产业培训等一揽子产业培育举措。 九岭锂业于2025年4月成为广期所首批"助绿向新"产业基地。为促进碳酸锂产业链健康发展，九岭锂业与中信期货特别组织本次专题培训，重点围绕产业现 状分析、期货工具实务应用等核心议题，通过前沿资讯分享与典型案例解析，助力产业链上下游企业提升风险管理能力。中信期货江西分公司充分发挥专业 特长与区域优势，与九岭锂业开展深度协作，确保活动各环节高效推进。 中 ...

为推动金融与产业深度融合，加速传统产业迭代升级，培育新质生产力，合力构建特色鲜明的吉林现代 化产业体系，6月12日，"中信协同助吉林振兴・产融联动促医药发展"——中信建投资本吉林省首只产 业合作基金落地仪式暨高成长型医药企业产融对接沙龙活动，在中信银行长春分行盛大启幕。 活动现场，政、银、企三方精英汇聚。吉林省工信厅厅长宋刚、党组成员孙一明，长春市政府副秘书长 杜大海，长春市工信局局长方述华，中信建投资本董事长李铁生，中信银行长春分行行长助理赵冬梅， 长发集团董事长李平，长发私募董事长张楠，长兴基金总经理张潇，长春高新副总经理张岩出席活动。 此外，长春金赛药业有限责任公司等17家省内优秀医药行业领军企业积极响应，应邀出席。 此次产业合作活动的圆满举办，不仅标志着中信集团与吉林省人民政府合作迈入新阶段，更为省内医药 企业与金融机构搭建起高效沟通平台。作为"让财富有温度"品牌理念的践行者，中信银行长春分行将持 续深化金融服务创新，在支持实体经济高质量发展进程中彰显价值引领作用。随着多方合作不断走深走 实，吉林省产业发展必将迎来更广阔的发展前景。 来源：中信银行长春分行 活动中，中信建投资本管理人围绕当下资本市场格 ...