存量是已经形成的资产，如果任由其"沉睡"，就会影响资金循环与经济循环。盘活的前提是心中有数， 充分掌握存量资产的历史、形态、权属等，然后打开思路，借助体制机制创新，探索新路径、新模式， 让这些资产动起来，提高流转效率，通过盘活存量来带动增量。增量必须做优，不断提高增量要素投入 标准，综合提升要素产出效能，推动实现更高的附加价值。当创新创造的内生动力被充分激活，城市潜 在生产力也将被有效释放。 我国有690多座城市。城市与城市之间，自然禀赋千差万别、基础条件各不相同、产业特色多种多样、 文脉芳华各美其美。要做到从各自实际出发，从"按规律办事"的角度进行产业布局，留住城市特有的地 域环境、文化特色、建筑风格等"基因"，认识到自己的不可替代性，才能增强城市发展的动力活力，在 准确定位中实现内涵式发展，避免"千城一面"。而这，正是此次会议强调"坚持因地制宜、分类指导"的 现实考量。 坚持城市内涵式发展，要放在区域经济发展的大背景下统筹谋划。中心城市与周边中小城市通过功能互 补、产业协同与要素流动，加速迈向空间整合、制度接轨与治理协同的现代化都市圈，为驱动区域经济 能级跃升汇聚起更为丰沛的能量。由此来看，分工合作、各展 ...

Core Viewpoint - Urban governance in China is transitioning from rapid growth to stable development, focusing on improving the quality and efficiency of existing urban assets to address urban challenges and promote sustainable development [1][5]. Group 1: Urbanization and Challenges - China's urbanization has led to a significant increase in the urban population, projected to reach 943.5 million by the end of 2024, with an urbanization rate of 67% [2]. - The rapid urban expansion has resulted in structural contradictions, such as high population density leading to housing demand and high prices, traffic congestion, and environmental degradation [2][5]. - Urban governance must address issues like aging infrastructure, public safety challenges due to population mobility, and increasing waste management pressures [2][4]. Group 2: Urban Governance Framework - Urban governance encompasses comprehensive management of urban planning, infrastructure, public services, and environmental protection, aiming for a modern, livable, and resilient city [3]. - Governance is categorized into four areas: infrastructure maintenance, financial management, addressing diverse public needs, and ecological protection [4]. - The focus is shifting from new construction to the maintenance and upgrading of existing infrastructure, emphasizing urban renewal projects [4][5]. Group 3: Super Large Cities - China has 22 super large cities, which account for 22% of the national population and 35% of GDP, highlighting their critical role in economic growth and innovation [7][8]. - These cities face unique governance challenges due to their size, complexity, and rapid population movement, necessitating innovative governance strategies [8][10]. - Effective governance in these cities is essential for enhancing public service delivery and ensuring social equity [8][10]. Group 4: Innovations in Governance - Recent initiatives have focused on improving public service accessibility and efficiency, such as the "15-minute public service circle" concept [8]. - Digital technologies like big data and AI are being integrated into urban governance to enhance service delivery and operational efficiency [9]. - Cross-regional governance models are being developed to address the challenges of metropolitan areas, promoting collaborative development [9]. Group 5: Grassroots Governance - The emphasis on grassroots governance aims to enhance community engagement and service delivery, with successful models emerging from cities like Beijing and Shanghai [12][13]. - Innovations such as "接诉即办" (immediate response to complaints) and "多格合一" (integrated grid management) are being implemented to improve responsiveness and efficiency in governance [14][15]. - Strengthening community self-management and participation is crucial for addressing local issues and enhancing governance effectiveness [15].

Group 1 - The core focus of the recent Central Urban Work Conference is to promote urban-rural integration, transitioning from "basic connectivity" to "functional collaboration" as a key driver for high-quality development [1] - Significant achievements in urban-rural integration have been noted, with urban residents' per capita disposable income at 54,188 yuan and rural residents at 23,119 yuan, resulting in an urban-rural income ratio of 2.34:1, and an urbanization rate of 67% [1] - Various regions are implementing effective measures to connect urban development with rural revitalization, such as integrating "beautiful countryside" construction with digital economy initiatives in Zhejiang [1] Group 2 - Policy empowerment is identified as the core driving force for urban-rural integration, with a multi-level policy system established to break the urban-rural dual structure [2] - The 20th National Congress report emphasizes the need for urban-rural integration and smooth flow of urban-rural factors, while the Central No. 1 Document this year calls for improving the system and mechanisms for urban-rural integration [2] - Challenges remain in the integration process, including a shortage of professional technical talent in rural areas, uneven financial resource allocation, and disparities in service quality in education, healthcare, and elderly care [2] Group 3 - County-level economies are being leveraged to activate urban-rural integration, focusing on developing new industries such as agricultural product processing and rural e-commerce [3] - Employment is prioritized in county development, with an emphasis on integrating primary, secondary, and tertiary industries to enhance the value chain and promote agricultural quality [3] - Examples include the establishment of a citrus big data center in Sichuan to help farmers adjust planting structures based on market demand [3] Group 4 - The vitality of urban-rural integration stems from the participation of various stakeholders, encouraging a model of "leading enterprises + cooperatives + farmers" [4] - Initiatives like the "digital orchard" in Anhui provide comprehensive services to farmers, transitioning them from mere cultivation to management [4] - There is a call for better coordination of public resources and services between urban and rural areas, with a focus on infrastructure and public service development in counties [4]

Core Insights - The express delivery industry in China has shown robust growth in the first half of the year, with total revenue reaching 718.78 billion yuan, a year-on-year increase of 10.1%, and a total volume of 95.64 billion packages, up 19.3% [1][2]. Industry Performance - The express logistics sector has effectively responded to prolonged e-commerce promotional cycles and overlapping holidays, with business volume growth exceeding 20% during major holidays like Spring Festival and May Day [2]. - Daily business volume averaged over 580 million packages from June 16 to June 22, indicating strong operational capacity [2]. - Continuous improvement in delivery service networks, including the establishment of new package collection centers and expansion of transportation networks, has enhanced service capabilities [2][3]. Technological Advancements - The industry has seen significant technological innovations, including smart warehousing, efficiency optimization, and digital system integration, which have strengthened the integration of logistics and manufacturing [3]. - Companies are developing dynamic inventory management systems to optimize storage and distribution across multiple manufacturing bases [2]. Rural Delivery Demand - There is a notable increase in rural delivery demand, with the e-commerce logistics rural business volume index reaching 130.4 points in June, marking a year-on-year growth rate exceeding 30% for the first time this year [4][6]. - The establishment of over 1,200 county-level public delivery service centers and more than 300,000 village-level logistics service stations has improved rural logistics infrastructure [4]. Green Development Initiatives - The industry is actively pursuing green development strategies, including the use of green energy and sustainable packaging solutions, in response to the revised Express Delivery Interim Regulations [7]. - Companies are implementing various eco-friendly practices, such as using self-ventilated preservation boxes for fruit delivery and adopting reusable packaging materials [7]. - The government plans to enhance regulatory enforcement and encourage innovation in green logistics practices in the second half of the year [7].

"全球工商界要坚定维护多边贸易体制""助力营造开放、公平、公正、非歧视的创新生态""期待各国深 化数智供应链协同"……本届链博会开幕式上，在与会全球工商界代表见证下，中国贸促会发布了《第 三届中国国际供应链促进博览会北京倡议》，呼吁以实际行动深化产业链供应链国际合作。 本届链博会新增创新链专区，致力于把实验室里的"金点子"变成产业发展的"金钥匙"。国家知识产权局 展示了自主研发的高校和科研机构专利盘活系统。"通过这个系统，企业可便捷地查询高校和科研机构 的高价值专利详情及对接信息，助力专利更好走向市场。"国家知识产权局工作人员介绍，开展首日， 伦敦投资署、意中理事基金会等一批考察团队已预约参观。 开幕式当天，广东作为主宾省举办了国际供应链合作大会，向中外伙伴介绍广东的产业优势、政策利好 和营商环境。据介绍，广东本次组织了64家企业参展链博会，包括中兴通讯、TCL、广药集团、小鹏汽 车等。广东是中国制造的重要支点，也是全球供应链的重要节点。广东省贸促会会长陈小锋表示，将以 链博会为契机，深入推动产业链、创新链、资金链、人才链"四链融合"，促进"引进来"与"走出去"双向 发力，助力广东企业拓市场、谈合作。 接下来 ...

Core Insights - Jiangsu Province has launched its first batch of cultural, sports, and tourism consumption incentive projects for 2025, with a total funding of 11.76 million yuan allocated to 25 projects, covering various sectors such as concerts, cultural performances, and new tourism formats [1] - The initiative aims to enhance the integration of cultural and tourism sectors, fostering growth in consumer demand and expanding the local economy [1][8] - The funding is designed to be easily accessible, encouraging market confidence and promoting innovative cross-sector collaborations [1][8] Group 1: Project Highlights - The Global Dinosaur City Lantern Festival at the Dino Water Town attracted 1.413 million visitors and generated over 30 million yuan in sales, earning a financial reward of 500,000 yuan due to exceeding 10 million yuan in sales [2] - The "Dance in Jiang Hai" event in Nantong attracted 60,000 visitors and generated nearly 4 million yuan in sales, resulting in a 200,000 yuan financial reward for the Nantong Square Dance Association [2] - The 2025 Wuxi Marathon set a record with 429,000 registrations and generated over 500 million yuan in economic benefits, receiving a financial reward of 960,000 yuan [4] Group 2: Policy Impact - The financial rewards are aimed at enhancing the quality and scale of events, creating unique city-specific IPs, and stimulating regional consumption [3] - The policy encourages collaboration between government and enterprises, optimizing service delivery and maximizing the effectiveness of public resources [4][8] - The initiative includes performance indicators such as the proportion of out-of-province visitors and consumption effects, promoting deeper integration of culture, sports, tourism, and commerce [8] Group 3: Future Directions - The Jiangsu government plans to continue implementing proactive fiscal policies to enhance consumer project development and improve the consumption environment [8] - Ongoing tracking of policy effectiveness will focus on consumption data, visitor flow, and industry impact rates to refine funding allocation [8] - Collaboration among various departments will be essential to create a favorable consumption and business environment, driving quality improvements in the cultural and tourism sectors [8]

□ 袁媛 当文体旅消费成为拉动内需的重要引擎，如何让这片蓝海持续涌动？我省以精准的奖补政策提供解题思 路。近日，江苏省2025年首批文体旅联动提振消费奖补项目名单出炉，引发市场关注。 不同于"大水漫灌"式扶持，此次奖补政策设有清晰绩效标准：既关注消费规模，更看重产业融合深度； 既考核本地市场激活，更鼓励对省外客群的吸引力。"融合者得支持、创新者受激励"的政策风向标，将 引导更多文体旅经营主体打破思维定式，追随融合创新的风口，为消费市场注入新风。 政策的精准性，源于对市场需求的敏锐捕捉。当下，消费者不再满足于单一体验，转而追求"文化+娱 乐+消费"的复合型场景。基于此，我省将奖补重点投向跨界融合项目，通过"消费规模、省外客流、业 态创新"等量化指标，引导经营主体从"单打独斗"转向"协同作战"。这种需求导向的设计，不仅让用心 经营的主体获得回报，还在行业内形成导向，推动资源流向文化、体育、旅游与商业有机统一的项目， 避免盲目投入。 政策的精准性，体现在对产业生态的系统支持。文体旅消费活力释放，需要产业链各环节顺畅衔接。奖 补主要依据去年底出台的《关于进一步促进文体旅联动提振消费的若干举措》，该文件由多部门联合发 ...

港投公司总裁陈家齐向证券时报记者表示，在不到一年时间里，公司已投资超100个项目，重点聚焦硬科技、生命 科技、新能源/绿色科技三大领域。 港投公司的投资不仅为科创企业提供了宝贵资金支持，更起到良好示范带动作用。据陈家齐介绍，在其已投项目 中，每投入1港元即撬动4港元长期资金跟投，这种"以小博大"效应有效放大了社会资本对科创领域的投入。 今年以来，香港资本市场的强劲表现，为这座国际金融中心注入了新的发展动能，各环节重焕蓬勃生机。作为香 港特别行政区政府重点发展的科创行业，则在这场资本盛宴中，成为最受瞩目的环节。 "从成立到跻身独角兽仅用18个月。"香港思谋科技创始人贾佳亚此前在接受证券时报记者采访时表示。这家科创 企业深度融合"大模型+全栈机器人技术"，打造具备"感知—决策—执行"的全栈闭环自进化工业智能体，目前已成 长为香港知名科创企业。 2024年，思谋科技获得香港投资有限公司（以下简称"港投公司"）的投资。而此前思谋科技已完成多轮融资，并 吸引了基石资本、红杉中国等知名投资机构。获得港投公司投资后，思谋科技进一步拓宽了市场。公司管理层近 日在接受采访时曾透露，目前处于上市筹备阶段，并将首选香港作为上市目的 ...

Core Insights - The retail industry is experiencing a gradual recovery, with younger consumers driving increased foot traffic and engagement [2] - Zhongxing Commercial has successfully implemented innovative marketing strategies that focus on attracting families and younger demographics, resulting in significant sales growth [3][5] Marketing Strategies - In the first half of 2025, Zhongxing Commercial launched 10 promotional events over 71 days, accounting for 39% of the operating days, with these events generating 65% of total sales [3] - The marketing approach emphasizes cultural and artistic integration, featuring diverse activities such as music concerts, traditional craft exhibitions, and sports events to engage various age groups [3][4] Membership and Consumer Engagement - Membership consumption has shown positive growth, with the number of members increasing by 1.6% and consumption amount rising by 8.3%, leading to a membership consumption share of 75%, up by 4.3 percentage points [4] - The company is enhancing its digital transformation by leveraging short video content and optimizing its online presence, creating a seamless online-to-offline experience [4][5] Economic and Policy Context - The "first launch economy" is being utilized to introduce new products and services, enhancing the overall shopping experience and driving consumer interest [7][8] - Recent consumer policies, such as tax refunds for outbound travelers, are expected to stimulate demand and improve the retail environment [9][10] Future Outlook - Zhongxing Commercial aims to leverage its position as a leading regional player to activate local consumption potential and adapt to new consumer trends [10] - The company is committed to fostering innovative consumption scenarios and maintaining a youthful marketing approach to lead retail trends in Shenyang and Northeast China [10]

Core Viewpoint - The transformation of corporate financial companies is ongoing, focusing on understanding the financial needs of group members and providing customized financial services to create a competitive advantage [1][3]. Group Financial Companies' Functionality - The new regulations emphasize that corporate financial companies are not limited to deposit-taking and loan issuance, but should also focus on service enhancement [2][3]. - The integration of financial companies within groups is crucial, as seen in the consolidation of multiple financial companies into a single entity to provide stronger financial support [2][3]. Regulatory Impact - The new management measures require financial companies to reduce their bill acceptance balance to no more than 15% of total assets and not exceed three times the balance of interbank deposits [3]. - Financial companies are increasingly focusing on service awareness and efficiency in response to regulatory changes [3][4]. Innovative Organizational Mechanisms - The introduction of a financial partner system allows for a more streamlined approach to addressing the financial needs of group members, enhancing service quality and efficiency [4][5]. - This system reduces the complexity of financial demand communication within the group, ensuring that needs are met more effectively [5]. Industry-Specific Financial Solutions - Financial companies are developing tailored financial products to meet specific industry needs, such as the "港链e融" credit system for logistics and procurement [7]. - By leveraging internal data systems, financial companies can better assess the credit needs of downstream clients, particularly small and micro enterprises [6][7]. Competitive Differentiation - Financial companies aim to become the most knowledgeable in finance within their industry, creating a unique competitive edge through deep integration with industrial operations [6][7]. - The focus on small, precise financial services allows these companies to demonstrate their value beyond traditional banking capabilities [6].