7月10日， 世邦魏理仕华南区顾问及交易服务部 | 产业地产负责人邓伟表示："尽管广佛近期有个别仓储 物流设施开发商暂停推进部分项目的开发，但新项目仍在涌现，除物流开发商建设的项目外，还包括国 资平台和村集体建设的高标库，以及电商企业自用物业的出租面积。一方面增加了优质仓储物业的供 应，租户可以有更多选择；另一方面，也令市场租金承压。而在需求上，跨境电商的仓储需求进入调整 期，扩张速度放缓；同时新增供应和新增空置面积也吸引了部分寻求降本增效的租户考虑搬迁。" ...

Core Insights - The 2026 Shanghai Cross-Border E-commerce Industry and Live Supply Chain Exhibition will take place from March 1 to March 4, 2026, showcasing the integration of cross-border e-commerce supply chains and private domain live streaming [4] - The exhibition aims to highlight the transformation from "Made in China" to "Intelligent Manufacturing in China," featuring over 1,200 exhibitors and 60,000 professional visitors, with international buyers accounting for over 20% [4][6] - The event will focus on creating a comprehensive ecosystem that covers the entire lifecycle of cross-border e-commerce, providing one-stop solutions for businesses [9] Group 1: Industry Trends - The global e-commerce penetration rate has surpassed 35%, with China's cross-border e-commerce import and export scale expected to reach 3 trillion yuan in 2026 [4] - The exhibition will feature a "Cross-Border E-commerce Industry Belt Zone," integrating resources from key industrial regions in China, including the Yangtze River Delta and the Pearl River Delta [4] - Major companies like Huawei and OPPO will showcase customized cross-border solutions, emphasizing the flexibility of China's supply chain [6] Group 2: Live Streaming Ecosystem - The exhibition will establish a "Private Domain E-commerce Live Streaming Pavilion," covering the entire "people, goods, and scene" ecosystem [8] - Leading MCN and influencer resources will be present, offering training courses to enhance live streaming skills and operational strategies [11] - Innovative tools such as AI-driven solutions will be showcased to help businesses optimize their private domain traffic [11][21] Group 3: Technological Innovations - The exhibition will feature a "Cross-Border E-commerce Intelligence Exhibition Area," showcasing the latest technological advancements in the industry [18] - AI applications, such as Alibaba's "AI Business Assistant," can enhance product visibility by 30% [21] - Blockchain technology will be utilized for product traceability, improving consumer trust and reducing return rates [21] Group 4: Policy Support - The exhibition is a key project supported by the Ministry of Commerce, providing comprehensive policy insights to assist businesses [19] - Tax incentives for eligible cross-border e-commerce exporters will alleviate financial pressures on companies [21] - The Shanghai Customs will implement a "B2B Export Direct Access Model," improving customs efficiency by 50% [21] Group 5: Global Supply and Demand Matching - The exhibition will facilitate global supply and demand matching through events like the "Match Me" global supply-demand meeting [20] - Customized outbound strategies will be provided for local governments and leading enterprises to enhance their international presence [21] - Investment matching events will focus on supporting projects in AI e-commerce and green supply chains, with expected financing exceeding 5 billion yuan [21]

祝贺Rich Sparkle Holdings Limited（「Rich Sparkle」）（NASDAQ: ANPA）成功于美国纳斯达克挂牌上市。Rich Sparkle本次上市成功，标志着其迈向 国际市场的重要一步。艾德金融旗下之美国经纪商子公司Eddid Securities USA Inc. 为此次上市的牵头主承销商，主导整个上市流程，助其打开通往国际 资本平台的大门。 作为一间总部位于香港的财经印刷服务供应商，Rich Sparkle为包括香港联合交易所上市公司及拟上市公司在内的广泛客户提供设计及印制高质量财经印 刷材料等服务。在2024年，该公司为超过190间上市公司提供服务，涵盖排版、校对、翻译、设计及印刷等全面解决方案。透过度身订造的顾问服务， Rich Sparkle协助客户有效传达企业形象与财务信息，同时提升披露质量并确保符合法规要求。 多年来，艾德金融积极发挥桥梁角色，连结本地企业与全球资本市场，协助企业在不同阶段制定国际化策略。我们的专业团队熟悉国际监管环境与市场动 态，能为企业量身打造切合其发展需要的金融解决方案。 此次成功上市不仅彰显了Rich Sparkle的卓越企业实力与可持 ...

2025.07. 10 为了便利纳税人网上办理境外所得申报，税务部门在自然人电子税务局WEB端和个人所得税APP开 通了境外所得申报功能。纳税人涉税事项较为复杂的，也可以到主管税务机关办税服务厅办理申报。 本文字数：1707，阅读时长大约3分钟 作者 | 第一财 经 亓 宁 近期，陆续有纳税人接到税务部门的短信和电话，提醒其依法申报境外所得并缴纳税款。有的纳税人 接到提醒后存在疑问，比如：境外所得为什么要缴税，不申报有什么后果，境外炒股的亏损税务上怎 么处理等。近日，记者就相关问题采访了相关专家。 境外所得申报纳税属于法定义务和国际通行规范 华东政法大学国际法学院教授李娜表示，按照现行税法，在中国境内有住所，或者无住所而一个纳税 年度内在中国境内居住累计满183天的个人，为居民个人。居民个人从中国境内和境外取得的所得应 依法缴纳个人所得税。这不仅是我国自1980年正式确立个人所得税制度以来一直坚持的课税原则， 也是美国、德国、澳大利亚等主要经济体以及大部分发展中国家的通行规范，体现了国家对居民纳税 人的税收管辖权。我国税务机关提醒纳税人依法依规申报境外所得，有助于加强跨境税收监管、防范 跨国逃避税行为和维护国 ...

Core Viewpoint - The obligation to declare and pay taxes on overseas income is a legal duty and an international norm, with tax authorities reminding taxpayers to comply with these regulations [1][2]. Group 1: Legal Framework and Compliance - According to current tax laws, individuals who have a residence in China or reside in China for more than 183 days in a tax year are considered residents and must pay personal income tax on income from both domestic and overseas sources [2]. - The tax authorities' reminders aim to strengthen cross-border tax regulation, prevent tax evasion, and protect national tax rights [2][3]. Group 2: Reporting and Taxation of Overseas Income - Residents must declare overseas income, such as income from employment or services provided abroad, interest, dividends, and capital gains from the sale of overseas assets, in the year following the income's receipt [3]. - Taxpayers can report overseas income through the online tax system or in person at tax offices, and they are allowed to offset gains and losses from overseas stock transactions within the same tax year [3]. Group 3: Enforcement and Consequences - Tax authorities follow a five-step approach to address tax issues, which includes reminders, corrective actions, and potential investigations for non-compliance [4]. - Failure to declare overseas income can lead to legal consequences, including penalties and interest on unpaid taxes, and may result in investigations by tax authorities [5][6].

10年前，杭州还只是跨境电商的一片"试验田"，10年后，这里已成长为跨境电商交易额超1500亿元 的产业高地，培育出了完整的跨境电商生态链，杭州用10年时间书写了中国跨境电商发展的"杭州样 本"。7月10日，2025全球跨境电商交易博览会开幕，这场汇聚全球1300余家企业、平台和机构的博览 会，再次展现杭州作为跨境电商枢纽城市的强大魅力。 作为杭州今年规模最大的跨境电商行业盛会，展会将围绕"全球贸易新机遇，跨境电商新生态"主 题，搭建国际交流、产业对接、创新合作的平台。本届展会上，除衢州、临海等产业带之外，广东、江 苏、福建等省份的20多个地市均有产业带企业参展，覆盖消费电子、家居宠物、户外五金、时尚礼品、 母婴玩具等30多个跨境热门品类，将与国际买家精准对接。 在"杭州模式"的成功经验带动下，全国已部署新设177个跨境电商综试区，激发出我国对外贸易发 展的巨大潜能。 杭州跨境电商的快速发展，得益于政策创新、产业集聚和生态完善。10年来，杭州在全国首创"六 体系两平台"，即信息共享、金融服务、智能物流、电商信用、统计监测、风险防控六大体系，线上"单 一窗口"和线下综合园区两大平台，并率先应用跨境电商9610、 ...

Investment Rating - The report initiates coverage with an "Outperform" rating for the company [4][16]. Core Insights - The company is a pioneer in the cross-border payment industry in China, benefiting from the expansion of cross-border e-commerce [4][18]. - The company has obtained 65 global payment licenses, enabling it to provide a wide range of digital payment services [4][18]. - The projected revenue growth for the company is robust, with expected revenues of RMB 1,315 million in 2024, increasing to RMB 2,577 million by 2027, reflecting a compound annual growth rate (CAGR) of 22% [3][44]. - The company is expected to experience significant fluctuations in profits due to a one-time large investment gain in 2025, with net profits projected to be RMB 1,485 million in 2025, followed by losses in 2026 and a small profit in 2027 [3][10]. Financial Summary - Revenue projections for the company are as follows: RMB 1,315 million in 2024, RMB 1,652 million in 2025, RMB 2,089 million in 2026, and RMB 2,577 million in 2027, with growth rates of 28%, 26%, 26%, and 23% respectively [3][9]. - The net profit is expected to be negative RMB 168 million in 2024, positive RMB 1,485 million in 2025, negative RMB 73 million in 2026, and positive RMB 27 million in 2027 [3][10]. - The earnings per share (EPS) are projected to be -0.16 in 2024, 1.38 in 2025, -0.07 in 2026, and 0.03 in 2027 [3][10]. Business Overview - The company has established a global payment network, serving over 590,000 clients with a total transaction payment volume (TPV) of RMB 3.3 trillion in 2024 [4][25]. - The company’s digital payment services include both global and domestic payment solutions, with global payments accounting for approximately 60% of total revenue [25][30]. - The company is expanding its value-added services, which are expected to grow significantly, with revenue growth rates projected at 50%, 35%, and 30% for 2025, 2026, and 2027 respectively [8][9]. Market Potential - The cross-border e-commerce and export trade markets in China are expected to continue expanding, with the total export value projected to reach nearly RMB 47 trillion by 2027 [46]. - The demand for cross-border payment solutions is increasing as traditional foreign trade embraces digitalization and online operations [46][52]. - The cross-border payment service market in China is projected to grow from RMB 4.6 trillion in 2022 to RMB 14.1 trillion by 2027, with a CAGR of 25.2% [52][56].

"叮——"6月20日，"贸法通"平台值班系统弹出新消息。成都某汽车生产企业发来问题："电动汽车 出口到老挝相关的税率是多少？是否实行配额管理？上牌的费用以及流程是怎样的？海关清关有哪些注 意事项？"这串带着焦虑的问号，很快在跨境法律服务网络中激起涟漪——广西贸促轮值团队联动中国 贸促会信息中心、"贸法通"平台老挝语热线、老挝本地律师，6小时内织就一张覆盖税率政策、配额细 则、上牌流程的精准解答网，让这家车企的东南亚拓展计划吃下了"定心丸"。 今年6月，广西贸促系统以第三次轮值"贸法通"服务工作为支点，打造覆盖企业全周期、辐射多元 市场的跨境法律公共服务体系，通过政务服务融合、专业资源整合、全球响应提速三大创新举措，为外 向型企业行稳致远注入法治动能。 数字赋能：从"单点服务"到"全链通达" "在数字化建设方面，广西实现两大突破。"广西贸促会法律事务部部长聂新宇向记者介绍，"贸法 通"深度嵌入本土化数字生态，接入"智桂通"政务平台，成为继12348之后第二大综合法律入口，触达全 区4623万注册用户。"同时，平台联通桂企增值服务专区，集成商事调解、仲裁、知识产权等10类增值 服务，为企业提供从注册、经营到跨境发 ...

Core Insights - The report indicates a "relatively hot" market sentiment with a composite score of 66, suggesting a positive outlook for market performance [5][12] - Recent policy support and improved market sentiment are driving a gradual upward trend in the market [12] Hot Topics Tracking - **Data Theme**: The National Data Bureau and the State Administration for Market Regulation have introduced measures to enhance data circulation efficiency, potentially increasing efficiency by 30% [6] - **Cross-Border Payment Theme**: The People's Bank of China has released a draft for the rules governing the Renminbi cross-border payment system, aiming to simplify participation conditions for foreign institutions [6] - **Innovative Drug Theme**: The National Healthcare Security Administration and the National Health Commission have issued measures to support the high-quality development of innovative drugs, emphasizing the use of medical insurance data in drug research [6] Market Sentiment Analysis - The market sentiment temperature indicator shows a trend where scores below 30 provide support for the market, while scores above 90 indicate resistance [12] - The report suggests that during "relatively hot" market conditions, investors may consider increasing their investments while remaining cautious of potential overheating risks [24] Major Capital Flows - The report lists significant net inflows for various stocks, with "跨境通" (Cross-Border Communication) leading at 85,258.43 million [13] - Conversely, notable net outflows were observed in "中油资本" (China Oil Capital) with -76,258.27 million, indicating investor caution in certain sectors [15] Industry Performance - The report highlights the performance of various industries, with significant net inflows observed in sectors such as non-ferrous metals and electronics, while industries like pharmaceuticals and defense showed substantial net outflows [20][21]

朱杰进认为，美元霸权的建立始于布雷顿森林体系，其"实力"与"虚力"的匹配曾支撑美国主导的国际货 币秩序。但1971 年 "尼克松冲击"后，美元虽脱离黄金锚定，却凭借SWIFT系统网络效应、国际治理体 系授权等"虚力"延续霸权。当前美国推动稳定币发展，美国官方虽宣称旨在巩固美元的霸权地位，但此 举实际上可能会削弱SWIFT体系以及整个美元霸权的传统优势，存在"自毁长城"的风险。 圆桌会上，复旦大学国际关系与公共事务学院国际政治系教授朱杰进围绕稳定币发展与美元霸权的深层 关联展开分析，指出稳定币在跨境支付领域的崛起可能对国际货币体系产生结构性影响，在一定程度上 会削弱美元霸权。 然而，随着美国在世界经济中的实力不断衰落，美元霸权本身的内在困境逐渐显现。1971 年的 "尼克松 冲击" 中，美国表示不再承担 "双挂钩" 的责任，但此时 "虚力" 的作用凸显出来 —— 美元依然被视为国 际储备货币。 2025年6月17日，美国参议院通过稳定币相关法案后，美国国内出现了诸多批评声音，认为该法案会损 害美元霸权。但美国财长贝森特认为，稳定币将提升美元霸权。实际上，在稳定币发行的过程中，美国 的国内政治考量显然要优先于国际 ...