Core Viewpoint - The article emphasizes the importance of leveraging the unique advantages of the Guangdong-Hong Kong-Macao Greater Bay Area to seize new investment opportunities presented by the Belt and Road Initiative, especially in the context of the evolving global geopolitical landscape [1][3]. Investment Opportunities - Chinese enterprises are increasingly deepening investment cooperation with countries along the Belt and Road, with non-financial direct investments maintaining rapid growth [3]. - The investment direction of Chinese capital is shifting from traditional sectors like energy and infrastructure to emerging fields such as green energy, advanced manufacturing, digital economy, artificial intelligence, and life sciences [3][6]. - The asset management industry must adapt to a more complex market environment, requiring refined asset allocation across different countries, industries, and financial instruments [3][6]. Risk Management - The article identifies three main risks in cross-border asset allocation: 1. **Compliance Risk**: With tightening global financial regulations, asset management firms must maintain high compliance standards across different jurisdictions, necessitating a flexible and forward-looking compliance management framework [5]. 2. **Capital Risk**: Fluctuations in exchange rates, capital controls, and market liquidity can significantly impact investment returns, prompting the need for diversified asset allocation to mitigate single market risks [5]. 3. **Political and Regulatory Uncertainty**: Some Belt and Road countries present uncertainties in political environments, legal frameworks, and cultural contexts, requiring targeted due diligence and risk assessments [5]. Role of Hong Kong - Hong Kong serves as a "super connector" and "super value adder," linking domestic resources with international markets, thereby enhancing the Greater Bay Area's competitiveness in global resource allocation [6][7]. - Under the "One Country, Two Systems" framework, Hong Kong has established a common law system and international regulatory rules, making it a crucial international financial hub for Belt and Road investments [6]. Technological Innovation in the Greater Bay Area - The Greater Bay Area is positioned as one of China's three major international technology innovation centers, with the "14th Five-Year Plan" emphasizing its strategic role in the national innovation system [7]. - Investment opportunities in the Greater Bay Area are increasingly focused on strategic emerging industries such as artificial intelligence, life sciences, high-end manufacturing, new energy, and digital economy [7]. - Asset management firms are encouraged to shift from traditional short-term financial investments to a long-term investment logic that combines industry understanding with strategic allocation [7].

Core Viewpoint - The article emphasizes the importance of leveraging the unique advantages of the Guangdong-Hong Kong-Macao Greater Bay Area to seize new investment opportunities presented by the Belt and Road Initiative, especially in the context of the uncertain international geopolitical landscape [2]. Group 1: Investment Opportunities - Chinese enterprises are deepening investment cooperation with countries along the Belt and Road, with non-financial direct investment maintaining rapid growth [5]. - The investment direction of Chinese capital is shifting from traditional energy and infrastructure to emerging fields such as green energy, advanced manufacturing, digital economy, artificial intelligence, and life sciences [6]. - The asset management industry must enhance its understanding of emerging industries and frontier technologies while establishing a robust investment framework to balance risk management and returns [6]. Group 2: Risks in Investment - The article identifies three main risks in cross-border asset allocation: compliance risk, funding risk, and uncertainty in political, legal, and cultural environments of some Belt and Road countries [8]. - Compliance risk arises from stricter global financial regulations, requiring asset management institutions to maintain consistent compliance standards across different jurisdictions [8]. - Funding risk is influenced by exchange rate fluctuations, capital controls, and market liquidity changes, necessitating diversified asset allocation to mitigate single market risks [8]. Group 3: Role of Hong Kong - Hong Kong serves as a "super connector" and "super value creator," linking domestic resources with international markets, thereby enhancing the Greater Bay Area's competitiveness in global resource allocation [9]. - Under the "One Country, Two Systems" framework, Hong Kong has established a common law system and international regulatory rules, making it a crucial international financial hub for Belt and Road investments [9]. Group 4: Technological Innovation in the Greater Bay Area - The Greater Bay Area is positioned as one of China's three major international technology innovation centers, with the "14th Five-Year Plan" marking a critical period for its development [10]. - The focus of technological innovation will be on strategic emerging industries such as artificial intelligence, life sciences, high-end manufacturing, new energy, and the digital economy, which require long-term capital and cross-regional collaboration [10]. - Asset management institutions are encouraged to adopt a long-term investment logic that combines industry understanding with strategic allocation, enhancing overall investment efficiency [10].

Core Viewpoint - Guangdong is experiencing significant population and economic growth, attracting people due to its robust manufacturing and technological capabilities, as well as its extensive transportation infrastructure [1][5]. Group 1: Economic and Population Growth - In 2026, Guangdong's popularity surged, with Guangzhou Metro setting a new single-day passenger record of 14.093 million on December 31, 2025, and the province welcoming 17.875 million tourists during the New Year holiday, reflecting a 34.8% year-on-year increase [1]. - Guangdong is home to all 31 manufacturing categories, with 15 of them ranking first nationally, and it accounts for one in every twelve college graduates in China [1][2]. Group 2: Manufacturing and Technology - Guangdong produces one-third of the world's mobile phones and 70% of drones, contributing to a quarter of the national express delivery and over one-third of cross-border e-commerce import and export volume [2]. - The province leads the nation in artificial intelligence and robotics, with 40% of industrial robots and 80% of service robots being produced in Guangdong [3]. Group 3: Innovation and Infrastructure - The "Shenzhen-Hong Kong-Guangzhou" innovation cluster ranks globally, with the province establishing ten major national scientific and technological infrastructures, including world-class original innovations like the Jiangmen neutrino experiment [4]. - Guangdong is the first province in China to have four airports with over ten million passengers, with airport passenger throughput exceeding 180 million in 2025 and 17 cities connected by 350 high-speed rail lines, facilitating the formation of a one-hour living circle in the Guangdong-Hong Kong-Macao Greater Bay Area [5].

Core Viewpoint - The newly implemented tax policies aim to support the development of the He Tao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, facilitating international scientific innovation and collaboration between Shenzhen and Hong Kong [1][2]. Group 1: Tax Policies - The tax policies, effective from February 10, 2026, exempt certain entities within the customs supervision area from import duties, value-added tax, and consumption tax on self-used scientific research goods imported from Hong Kong [1]. - Goods entering the mainland from the customs supervision area will require the payment of import taxes, but those already taxed in the customs supervision area will not incur additional taxes [1][2]. Group 2: Goods and Benefits - The first batch of goods eligible for tax exemption includes 509 items across six categories, such as equipment, consumables, and biological samples, which will help reduce costs for innovation entities [2]. - The policies are expected to enhance cooperation between Shenzhen and Hong Kong, promoting technological innovation and industrial development, and supporting Hong Kong's integration into the national development framework [2]. Group 3: Regulatory Framework - The He Tao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone is the only major cooperation platform focused on technological innovation within the Guangdong-Hong Kong-Macao Greater Bay Area [3]. - The upcoming implementation of the Shenzhen Economic Special Zone regulations will establish a unique regulatory model that simplifies customs processes and supports cross-border scientific activities [3].

相关税收政策明确了。 为支持河套深港科技创新合作区深圳园区（以下称"河套深圳园区"）联合香港园区打造国际科技创新高地，财政部、海关总署、税务总局日前联合印发 《关于河套深港科技创新合作区深圳园区货物进出口有关税收政策的通知》，自2026年2月10日起实施。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 此外，免税科研货物及其研发成品在海关监管区域内流通时，参照通知相关规定，补缴进口税收。从海关监管区域经"一线"离境的货物，涉及出口关税应 税商品的征收出口关税。出口货物增值税、消费税政策按现行规定执行。据悉，该税收政策所附第一批货物清单涵盖"设备及零配件、器具、耗材、文 献、标本、动物及其产品"等6类509项货物，有利于创新主体降低成本，成为河套深圳园区衔接国际科研政策的重大突破和优势，将推动深港双方互利合 作、协同推进科技创新和产业发展，支持香港融入国家发展大局，打造国际科技创新高地，推动粤港澳大湾区高质量发展。 河套深港科技创新合作区是粤港澳大湾区内唯一一个以 ...

Group 1 - The core viewpoint of the article highlights that Zhaoqing has become a significant supplier of fresh poultry to Hong Kong and Macau, providing an average of 410,000 birds per month, which accounts for approximately 30% of the market supply for fresh poultry in Hong Kong [1] - Zhaoqing's agricultural output is projected to exceed 3 million mu (approximately 200,000 hectares) by 2025, with a total grain production of 1.23 million tons, maintaining its position among the top three in Guangdong Province and first in the Greater Bay Area [1] - The Zhaoqing (Huaiji) Green Agricultural Products Distribution Center supplies around 200 tons of vegetables daily to the Greater Bay Area, with a daily transaction value exceeding 3 million RMB [1] Group 2 - Since the 14th Five-Year Plan, Zhaoqing has accelerated the construction of a comprehensive transportation hub in the western Greater Bay Area, completing transportation investments of approximately 65 billion RMB, a 31% increase compared to the previous five-year plan [2] - Major transportation projects, including the Guangzhan High-Speed Railway Zhaoqing section, have been completed, and the "Bay Area Metro" has commenced operations, facilitating one-hour access to Guangzhou, Shenzhen, Hong Kong, and Macau [2]

Core Viewpoint - The company, Guangdong Hongte Technology Co., Ltd., is focusing on the development of aluminum alloy precision die-casting components for traditional fuel vehicles and new energy vehicles, aiming to enhance its market share in the new energy vehicle parts sector while optimizing its product and business structure [4]. Group 1: Company Performance - As of September 30, 2025, the company achieved a revenue of 1.413 billion yuan, representing a year-on-year growth of 8.20%, while the net profit attributable to shareholders decreased by 6.06% to 27.6644 million yuan [8]. - The company's main business revenue composition includes 77.08% from traditional fuel die-casting parts, 16.81% from new energy die-casting parts, and 6.11% from other sources [8]. Group 2: Market Position and Strategy - The company has passed Tesla's supplier qualification but has not yet commenced supply [4]. - The company is located in the Guangdong-Hong Kong-Macao Greater Bay Area, with its subsidiaries situated in the Pearl River Delta [2]. - The company plans to increase research and development investment in new energy vehicle components and large assemblies, aligning with the trend of new energy vehicle development [4]. Group 3: Financial Metrics and Shareholder Information - The company’s overseas revenue accounted for 54.46%, benefiting from the depreciation of the RMB [3]. - As of September 30, 2025, the number of shareholders decreased by 7.71% to 24,900, while the average circulating shares per person increased by 8.36% to 15,539 shares [8]. - The company has distributed a total of 211 million yuan in dividends since its A-share listing, with 7.7456 million yuan distributed in the last three years [9].

Group 1 - The Ningde Municipal Political Consultative Conference is focusing on leveraging the perspectives of representatives from Hong Kong and Macau to enhance local development [1][6] - Representatives suggest that Ningde's mature industries, such as new energy vehicles and energy storage batteries, can utilize Hong Kong's financial markets and international service systems to expand into markets along the Belt and Road Initiative and RCEP [3][4] - A proposal was made to establish a cross-border cooperation platform for the new energy industry between Ningde and Hong Kong/Macau, aiming for resource integration and industrial symbiosis [4][7] Group 2 - The establishment of a "Ning-Hong Kong Industrial Cooperation Working Group" is recommended to facilitate regular exhibitions and promotional events for Ningde enterprises in the Greater Bay Area [3] - Emphasis is placed on promoting Ningde's lithium battery new energy industry globally, highlighting policies related to talent and financing to attract more investment from Hong Kong and Macau [7] - Continuous efforts will be made to engage Macau compatriots and young entrepreneurs in Ningde to foster investment and collaboration [7]

Core Viewpoint - Shenzhen Yantian Port Co., Ltd. is a leading player in the port industry, benefiting from the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Xiong'an New Area, with significant expectations for overall listing in the market [2][3][4]. Company Overview - Shenzhen Yantian Port's main business includes the development and operation of terminals, cargo handling and transportation, construction and operation of supporting transportation facilities, and warehousing and industrial facilities [2][3][7]. - The company is controlled by the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government [3]. - The revenue composition of the company is as follows: 59.49% from port cargo handling and transportation, 30.11% from highway tolls, and 10.41% from warehousing and other services [7]. Financial Performance - As of September 30, 2025, Yantian Port achieved an operating income of 616 million yuan, a year-on-year increase of 0.49%, and a net profit attributable to shareholders of 1.071 billion yuan, a year-on-year increase of 6.66% [8]. - The company has distributed a total of 7.458 billion yuan in dividends since its A-share listing, with 2.015 billion yuan distributed in the last three years [9]. Market Position and Trends - Yantian Port is one of the highest single-port container throughput terminals globally, and it is expected to benefit from the development of the Greater Bay Area [3]. - The company has a stake of 35% in Caofeidian Port Group Co., Ltd., which positions it to benefit from the development of the Xiong'an New Area [3]. Shareholder Information - As of September 30, 2025, the number of shareholders of Yantian Port was 71,800, an increase of 10.42% from the previous period, with an average of 44,079 circulating shares per person, a decrease of 9.44% [8].

1月6日上午，港珠澳大桥珠海公路口岸珠港旅检大厅客流涌动。刷脸开闸、核验指纹、10秒钟查验放 行……随着一名旅客完成"刷脸"通关，经港珠澳大桥珠海公路口岸往来粤港澳三地的旅客数量突破1亿 人次。 "北上"趋势加速，"南下"也更为便利。随着"一签多行"、港澳通行证"全国通办"等政策落地，内地居民 经港珠澳大桥前往港澳地区更便捷。自口岸开通以来，经港珠澳大桥边检站查验内地旅客数量已超3938 万人次；其中2025年，经口岸出入境内地旅客数量超1257万人次，刷新口岸开通以来历史最高纪录。 "除了'旅游流''探亲流'等传统客流外，口岸'商务流''务工流''学生流'的数量也在同步增多，经大桥跨境 工作生活已成为越来越多三地居民的日常。"港珠澳大桥边检站政委李戍红说。 港珠澳大桥珠海公路口岸是内地唯一与香港国际机场陆路直达的口岸，同时也是240小时过境免签入境 口岸，口岸24小时通关特点与香港国际机场24小时运营形成无缝衔接，加之"经珠港飞"配套政策实施， 更多国际旅客也选择经港珠澳大桥通行。2025年，经港珠澳大桥边检站查验的外国旅客数量已超56.9万 人次，同比增长超28.7%，涵盖东盟、中东、欧美、拉美等180多 ...