作者 曾刚 近年来，跨境电商作为全球贸易的重要组成部分，展现出强劲的发展势头，极大地推动了国际贸易的数 字化转型。然而，随着国际贸易环境的变化，跨境电商的发展也面临着诸多挑战。经贸摩擦加剧、地缘 政治紧张局势升级、全球经济复苏乏力等因素，使得跨境电商企业在物流、供应链、市场准入等方面遭 遇更多不确定性。在复杂多变的经贸背景下，跨境支付机构作为跨境电商的重要支撑环节，扮演着愈发 重要的角色。它们不仅为企业提供了高效、安全的支付解决方案，还帮助企业应对资金结算、税务合 规、汇率管理等多重挑战，为跨境电商的发展注入了新的动力。 跨境支付在跨境电商中的关键作用 跨境支付是跨境电商交易链条中的核心环节之一，其主要功能包括货币兑换、资金结算、支付安全保障 等。作为连接全球消费者与商家的重要桥梁，跨境支付的效率、成本和安全性直接影响跨境电商的交易 体验和运营效率，在提升交易效率、降低交易成本、保障交易安全以及优化用户体验等方面发挥着不可 替代的作用。 一是提升交易效率。传统跨境支付方式如银行电汇，通常需要较长的处理时间，可能导致交易周期延 长，影响跨境电商的运营效率。跨境支付机构通过技术手段和全球化的支付网络，能够快速完成 ...

访问36氪出海网站letschuhai.com，获取更多全球商业相关资讯。 今日好文 外贸50城，谁在"扛大旗"？ 从更大范围来看，谁正在扛起外贸增长大旗？外贸增长的逻辑又在发生哪些变化？ 硬刚背后的东南亚会做何选择？ 东南亚的骑墙生存智慧。 "比较优势已死"的年代如何和盟友正确共生？ 东南亚是一匹身上毛病不少，但很有潜力的小马。 石头科技一季度营收增长86%，海外产能正在爬坡 公司通过自建工厂和国内外代工厂相结合的方式，完善供应链布局，以应对复杂多变的全球贸易局势。 热点快讯 微信支付落地韩国地铁 据新华网消息，为提升中国游客在釜山出行的便利性，4月28日，釜山交通公社与微信支付签订合作备忘录，宣布釜山地铁市内站点全线接入微信支付。中 国游客通过"Triplabo旅韩"微信小程序购买电子票后，无需换票即可刷码过闸乘车，享受与中国境内一致的便捷出行体验。这是韩国首个将城市轨道交通系 统与中国数字支付平台联动的案例。 此次合作支持购买的地铁票包含单程票、1日通票、3日通票，涵盖釜山地铁1-4号线共计114个站点，基本可以满足中 国游客在釜山市内的地铁出行需求。（智通财经） 阿里巴巴发布并开源8款通义千问 Qwe ...

Policy Dynamics - Domestic policies focus on the synergy between capital markets and the real economy, with a significant emphasis on stabilizing the stock market, as evidenced by a 60.6% year-on-year increase in securities transaction stamp duty in Q1 2025 [2] - The central government is promoting high-quality development in technology finance, with over 230 billion yuan in long-term special treasury bonds driving approximately 2.1 trillion yuan in social capital investment [2] - International policy divergence is increasing market volatility, with the Federal Reserve and the Bank of Japan's contrasting policies affecting global capital flows [2] Trade Tensions - The escalation of US-China trade tensions has led to a 34% tariff imposed by China on the US, causing significant market disruptions, including a drop of over 1500 points in US stock index futures and an 8% decline in international oil prices [3] - The demand for gold as a safe haven surged, pushing spot gold prices to a historic high of over 3440 USD per ounce [3] Technological Innovation - Financial technology is reshaping industry boundaries, with AI and big data driving product innovation, achieving over 60% penetration in risk control and customer profiling [5] - The market for carbon financial derivatives and ESG investment products is expanding rapidly, with a 30% year-on-year growth in data market trading volume expected to exceed 160 billion yuan in 2024 [5] - The digital currency and cross-border payment systems are evolving, with the digital yuan app enhancing user experience and expanding cross-border settlement trials [5][6] Globalization and Risk Mitigation - Financial cooperation under initiatives like the Belt and Road and RCEP is enhancing cross-border payment networks, potentially reducing cross-border financing costs by over 30% [7] - Companies are diversifying supply chains and reducing reliance on US oil imports by 90%, shifting to alternative sources to mitigate geopolitical risks [7][8] - Businesses are adopting foreign exchange derivatives and supply chain diversification strategies to hedge against currency risks and regulatory compliance challenges [8] Structural Opportunities - Short-term risks include geopolitical uncertainties and trade tensions, with investors advised to focus on safe-haven assets like gold and agricultural sectors while avoiding export-dependent industries [10] - Long-term opportunities lie in policy incentives and technological advancements, particularly in sectors like food and beverage, pharmaceuticals, and green finance, with significant growth in green credit and inclusive small loans [12] - The financial sector is expected to increasingly direct resources towards technology innovation and green transformation, which are seen as core drivers of high-quality economic development [13]

智通财经4月28日电，比特币跌破94000美元，抹去日内所有涨幅。 ...

Group 1 - The U.S. is experiencing significant economic challenges, highlighted by a global tariff war initiated by Trump, leading to rising prices and consumer panic [1][3] - The consumer confidence index from the University of Michigan has plummeted, indicating a severe decline in public sentiment [1] - The U.S. international credibility has diminished, with the share of oil transactions in U.S. dollars dropping from 70% to 58% [1] Group 2 - The wealth gap in the U.S. has widened dramatically, with the top 10% of the population holding 52% of the wealth, while the bottom 50% saw a 7.3% decrease in real income [3] - Large-scale protests have erupted, with participation peaking at 5 million, reflecting widespread public discontent [3] - Political trust is eroding, with 57% of the population perceiving government policies as inconsistent [3] Group 3 - China is managing to withstand the impacts of the tariff war due to its robust manufacturing base, with all 41 industrial categories represented [3] - The semiconductor industry in China is accelerating its development, with 592 new chip design companies established in 2024 [3] - The share of cross-border payments in Renminbi has surpassed 12%, and the subscription rate for panda bonds reached 137% [3] Group 4 - The U.S. is facing a liquidity crisis in its treasury market, with rising interest payments consuming a large portion of fiscal revenue [3] - The Federal Reserve's continued interest rate hikes are causing international capital to flee from dollar assets [3] - The global reserve share of the U.S. dollar has fallen below 49%, indicating a shift in the international financial landscape [3]

智通财经4月28日电，比特币向下跌破93000美元，过去24小时内下跌1.5%。 ...

比特币失守93000美元/枚，日内跌幅0.81%。 ...

近年来，跨境支付行业在全球范围内迎来了显著的发展机遇。特别是自 2020 年疫情爆发以来，随着互联网的普及和消费理念的变化，跨境支付市场呈现出 蓬勃发展的趋势。全球跨境支付市场规模在 2024 年已超过 2.4 万亿美元，并 且每年的增幅保持在 10%到 15%之间。中国的跨境支付市场规模在 2024 年 也已超过 7.5 万亿元人民币，并预计在 2025 年继续增长。这一增长主要得益 于国家鼓励创收外汇政策以及 B2B 外贸和跨境电商的发展。 当前全球和中国的跨境支付市场格局如何？ 从全球角度来看，欧美市场仍然占据主要地位，但新兴市场如东南亚、拉美、 中东和非洲等地区也开始崛起。例如巴西、墨西哥等拉美国家，以及中东和非 洲地区，这些区域因互联网普及和消费理念变化而呈现出爆发式增长。在中国， • SWIFT 系统仍占全球交易系统约 80%份额，新兴体系如 CIPS 和金砖国家 支付系统旨在弱化对 SWIFT 的管控，但短期内难以抗衡，未来十年内 SWIFT 仍将保持主导地位。 • 中国政府提高出口退税率，设立专项贷款支持外贸企业，推动保税仓与海 外仓联动，推广人民币跨境结算系统（CIPS），鼓励市场多元化发展 ...

- The report introduces a "Total Heat Index" as a proxy variable for tracking market sentiment, which aggregates the browsing, watchlist, and click counts of individual stocks, normalized as a percentage of the total market and multiplied by 10,000, with a range of [0,10000][7] - A simple rotation strategy is constructed based on the weekly heat change rate (MA2) of broad-based indices, where the index with the highest heat change rate is bought at the end of each week, and if the "Others" group has the highest rate, the portfolio remains in cash. This strategy achieved an annualized return of 8.74% since 2017, with a maximum drawdown of 23.5%, and a 2025 return of 7.5%[13][16] - The report also constructs two concept-based portfolios: a "TOP" portfolio selecting the top 10 stocks with the highest total heat within the top 5 concepts with the largest heat change, and a "BOTTOM" portfolio selecting the bottom 10 stocks with the lowest total heat within the same concepts. The "BOTTOM" portfolio historically achieved an annualized return of 15.71%, with a maximum drawdown of 28.89%, and a 2025 return of 17%[30][32]

比特币向上升破95000美元，过去24小时内上涨0.13%。 ...