编者按： 随着中国资本市场双向开放向纵深推进，中资券商化身"金融航海家"，驶向更广阔的全球市场。它们以跨 境投行连接东西，用财富管理服务民生，足迹遍布香港中环、伦敦金融城和纽约华尔街等金融枢纽，在国 际资本市场发出"中国声音"。证券时报携手中国证券业协会推出"券商'出海'进行时"栏目，全景展现中资 券商从合规经营到本土化融合、从跟跑到领跑的心路历程——诠释中国资本市场如何从"参与者"蜕变 为"规则制定者"，在开放浪潮中书写高质量发展新篇章。本文为专栏第四篇，敬请垂注！ "纵观全球投行发展史，国际化是成就一流投行必由之路。"近日，国联民生证券总裁葛小波接受证券时报记 者采访时如是说。 葛小波表示，当前的中国企业出海，已从单纯的市场拓展升级为参与全球治理、构建新型国际关系。作为服务 实体经济的金融中介，证券公司的国际化发展不仅关乎行业自身竞争力的提升，更是中国金融体系融入全球、 贡献中国智慧的关键一环。 出海是建设一流投行必然路径 葛小波认为，券业出海是响应国家金融强国战略的核心举措，也是建设一流投行的必然路径。要真正形成具有 全球影响力的一流投行，关键在于构建多层次、有竞争力的行业金字塔结构——顶端是两三家综合 ...

Core Viewpoint - The internationalization of Chinese securities firms is essential for enhancing industry competitiveness and integrating China's financial system into the global market [1][2]. Group 1: Importance of Internationalization - The internationalization of the securities industry is a core initiative responding to the national financial power strategy and is a necessary path for building a first-class investment bank [2]. - The globalization needs of Chinese enterprises create a service blue ocean for domestic securities firms, leading to diversified financial demands such as cross-border mergers and acquisitions, overseas listings, and global bond issuance [2]. - China's capital market's dual opening is deepening, providing policy channels for the internationalization of securities firms, supported by initiatives like the Belt and Road and global development initiatives [2]. Group 2: Successful Models of Foreign Investment Banks - Three mature development models of foreign investment banks are identified: 1. Project-driven model represented by Goldman Sachs and Morgan Stanley, focusing on M&A, IPOs, and structured financing [3]. 2. Comprehensive universal bank model represented by Citigroup and HSBC, integrating commercial banking with investment banking [3]. 3. Boutique investment bank model represented by Evercore and Lazard, specializing in specific sectors or services [3]. Group 3: Strategies for Chinese Securities Firms - Chinese securities firms should leverage international financing tools and acquisition opportunities while maintaining a focus on serving the real economy [4]. - The internationalization of Chinese securities firms requires a differentiated development path based on national conditions and advantages, avoiding simple imitation of international peers [4]. - Key strategies include aligning with the outbound expansion of Chinese industries, providing differentiated global asset allocation advice, and building a composite competitive advantage through technology and finance [4]. Group 4: Policy Recommendations for Internationalization - To build a financial powerhouse, a conducive ecosystem for internationalization must be established, involving policy, academia, industry, and media [5]. - Recommendations include improving top-level design for outbound policies, optimizing the policy environment for overseas institutions, and encouraging overseas acquisitions to enhance competitiveness [5].

11月30日至12月2日，2025年"读懂中国"国际会议在广州举办。在这场以"新布局、新发展、新选择—— 中国式现代化与全球治理新格局"为主题的思想盛会上，来自72个国家和地区的800多位各界代表齐聚一 堂。在当今世界变乱交织、充满不确定性的时代背景下，本次会议如同一扇窗，不仅向世界展现了中国 未来的发展路径，更展开了一幅中国与世界互动共进的宏大画卷。 新布局：中国蓝图提供世界机遇 中共二十届四中全会审议通过"十五五"规划建议，擘画了未来五年中国式现代化发展蓝图，引发国际社 会高度关注，也在与会嘉宾中引发热烈讨论。与会嘉宾认为，"十五五"规划建议不仅着眼于中国国内经 济结构优化、科技自立自强，更通过一系列新举措，为全球经济注入新动能，为全球南方国家提供发展 新机遇。 中国国家创新与发展战略研究会创始会长、学术委员会主席郑必坚认为，"十五五"规划建议带来的将是 中国以经济建设为中心、以推动高质量发展为主题、以改革创新为根本动力、以满足人民日益增长的美 好生活需要为根本目的的新发展。中国式现代化的探索实践，进一步打破了"现代化等于西方化"的迷 思，为全球南方国家走向现代化提供了新范式，帮助全球南方国家更好实现群体 ...

新华社布达佩斯12月2日电（记者 周欣 陈浩）匈牙利国会副主席雅高布·伊什特万日前表示，匈中 关系当前正处于历史最好时期，双方各领域合作不断深化、务实成果持续涌现，为两国人民带来实实在 在的利益。 雅高布1日出席在布达佩斯中国文化中心举行的"永恒的现代性——匈牙利建筑大师们的上海遗 产"主题展开幕式。他在现场接受新华社记者采访时说，长期以来，匈中保持良好交往。随着两国高层 密切互动，双边合作拓展至更广泛领域，合作版图愈加清晰。 "双方在文化、教育领域的联系日益密切，在创新领域的合作也十分活跃。"他说，目前匈牙利共有 6所孔子学院，两国人文交流持续深化。 曾多次访华的雅高布表示，中国近年来在经济、科技、创新等领域取得令人瞩目的成就，成为全球 发展的重要引擎。"每次访问中国，我都会被中国蓬勃发展的景象深深震撼。" 雅高布表示，匈方对双边关系发展前景充满信心，"我们的目标非常明确，要继续推动双方合作向 纵深发展，沿着既定方向稳步前行"。对匈牙利而言，共建"一带一路"倡议不仅是合作的起点，更是持 续取得务实成果的重要平台。 雅高布说，目前，布达佩斯和中国多个主要城市之间已开通直飞航线，这将进一步推动两国在旅 游、教育 ...

Core Insights - The third National Human Resources Service Development Conference emphasizes the theme of "shaping modern human resources and promoting high-quality full employment" [1] - The conference serves as a platform for efficient connections between human resource agencies, employers, and various talents through four main segments: research, conferences, talent, and recruitment [1] Group 1: Industry Development - The "14th Five-Year Plan" aims to promote high-quality full employment and strengthen the employment promotion mechanism [3] - The human resources service industry directly serves millions of workers and employers, playing a crucial role in enhancing human resource development and building a modern industrial system [3] - The company, founded in 2014, has established a comprehensive digital product and service system for human resources, serving both domestic and global markets [3] Group 2: Service Offerings - The company has developed a full-service matrix addressing challenges in recruitment, management, and social security, utilizing a self-developed "Generative AI + HR SaaS" product line [4] - The intelligent recruitment system enhances efficiency by 43.6% while significantly reducing recruitment costs for enterprises [4] - The company has provided professional services to over 85,000 enterprises across various sectors, including intelligent manufacturing and logistics [4] Group 3: Global Expansion - The establishment of Jin You GEO in Wuhan aims to provide comprehensive global human resource services for companies venturing abroad [10] - Jin You GEO has rapidly expanded its operations to over 150 countries and regions, serving more than 500 leading enterprises [10][11] - The company integrates global resources to facilitate cross-border talent mobility, addressing challenges in cultural integration and compliance management [14] Group 4: Digital Transformation - The launch of the "Jin You GEO AI + Global Talent Management Platform" at the conference represents a significant advancement in cross-border human resource management [12] - This platform enhances service response speed and efficiency by integrating AI solutions for compliance risk management [12] - The company’s dual-track service model combines domestic capabilities with global expansion, promoting high-quality employment and modernizing human resource services [15][19]

新加坡《联合早报》称，台湾外事部门负责人林佳龙称，他11月25日晚在岛内接待了哥伦比亚参议院外 交委员会主席希拉尔多与众议院外交委员会主席隆多尼奥。席间交流时，两人对林佳龙表示，将积极推 动"哥伦比亚在台恢复设立办事处"。 【环球时报报道 记者 白云怡】据西班牙埃菲社11月28日报道，哥伦比亚外交部日前在官网发表声明， 驳斥两名哥伦比亚国会议员近期窜访中国台湾期间的有关言论，并强调哥伦比亚政府始终恪守一个中国 原则。 西班牙《国家报》评论称，加强与中国的良好关系是哥伦比亚现政府的优先事项，在哥伦比亚与美国频 繁发生摩擦的背景下，中国成为哥伦比亚的稳定伙伴，双方贸易近年来持续增长。不过，哥伦比亚宣布 加入共建"一带一路"倡议遭到了华盛顿方面的反对，美方甚至威胁停止购买对哥伦比亚经济至关重要的 花卉与咖啡等产品。 哥外交部门相关人士则向埃菲社表示，尽管哥伦比亚近期与美国陷入了近年来最严重的外交危机，但仍 在积极推动与中国的关系升级。 随后，哥伦比亚外交部发表声明，对该国国会议员在窜台期间发表的不当言论进行澄清。哥外交部重 申，过去45年来，哥伦比亚始终恪守一个中国原则，承认世界上只有一个中国，台湾是中国领土不可分 ...

Core Insights - The "Jiangsu Quality Products Global · Jiangsu (Middle East) Trade Matching Conference" was successfully held in Dubai, UAE, organized by the Jiangsu Provincial Department of Commerce, with MIC International Station, a subsidiary of Focus Technology, in attendance [1] - China has become the largest trading partner for several Middle Eastern countries, with approximately 60% of Chinese trade goods transiting through UAE ports to over 400 cities in the Middle East and North Africa, highlighting the strategic importance of the region for Chinese trade [1] - The conference gathered over 50 representatives from Jiangsu enterprises across various industries, facilitating efficient connections with nearly 100 quality buyers from the UAE and surrounding regions [1] Industry and Market Potential - The Jiangsu Provincial Department of Commerce emphasized the significance of the Middle East as a key node in the "Belt and Road" initiative and a strategic area for Jiangsu enterprises to expand into emerging markets [1] - MIC International Station's President, Cao Rui, reported a 45% increase in platform traffic from the Middle East in Q3, indicating strong demand for Chinese manufacturing in the region, particularly from Saudi Arabia, Egypt, UAE, Iraq, and Lebanon [1] - MIC International Station has been serving notable Middle Eastern companies, including NMDC Energy, DP World, and Saudi Aramco, and has hosted a "special exhibition" in the region for three consecutive years to facilitate precise connections between platform enterprises and local demands [1] Digital Trade Infrastructure - A highlight of the conference was the release of the "Jiangsu Cross-Border E-commerce Industrial Belt Panorama Map," designed to provide global buyers with a convenient channel to access Jiangsu's industrial sources, significantly enhancing procurement efficiency and accuracy [1] - The map features a visual representation of the industrial overview of 13 cities in Jiangsu, allowing overseas buyers to send inquiries and place orders easily, thus streamlining the procurement process [2] - The map integrates video content such as enterprise interviews and production line recordings to enhance buyer trust and connects with existing global offline exhibitions and overseas industrial parks, creating a complete commercial loop of "content—traffic—orders" [2]

Core Insights - The "Jiangsu Quality Products Global · Jiangsu (Middle East) Trade Matching Conference" was successfully held in Dubai, UAE, organized by the Jiangsu Provincial Department of Commerce, with MIC International Station participating and releasing a "Panorama Map of Jiangsu's Cross-Border E-Commerce Industry Belt" [1] - China has become the largest trading partner for several Middle Eastern countries, with approximately 60% of Chinese trade goods transiting through UAE ports to over 400 cities in the Middle East and North Africa, highlighting the strategic importance of the region for Chinese trade [1] - The conference gathered over 50 representatives from Jiangsu enterprises across various industries, facilitating efficient and precise connections with nearly 100 quality buyers from the UAE and surrounding regions [1] Industry and Market Potential - The Middle East is a crucial node in the "Belt and Road" initiative, and the conference aimed to enhance trade channels and promote deep cooperation in industrial complementarity and digital trade between Jiangsu and the Middle East [1] - MIC International Station reported a 45% increase in platform traffic from the Middle East in Q3, indicating strong demand for Chinese manufacturing, with Saudi Arabia, Egypt, UAE, Iraq, and Lebanon being the top countries for traffic [1] - MIC International Station has been serving well-known Middle Eastern companies, including NMDC Energy, DP World, and Saudi Aramco, and has hosted "special exhibitions" in the region for three consecutive years to facilitate precise connections between platform enterprises and local demands [1] Product and Service Innovation - The "Panorama Map of Jiangsu's Cross-Border E-Commerce Industry Belt" is designed to provide a digital trade infrastructure that enhances procurement efficiency and accuracy for global buyers by offering a one-click access to Jiangsu's industrial sources [1] - The map features a visual representation of the industrial overview of 13 cities in Jiangsu, allowing overseas buyers to send inquiries and place orders easily, thus streamlining the procurement process [2] - The map integrates video content such as enterprise interviews and production line recordings to enhance buyer trust and connects with existing global offline exhibitions and overseas industrial parks, creating a complete commercial loop of "content—traffic—orders" [2]

Core Viewpoint - The article highlights that China is projected to achieve a record high current account surplus, reaching 1% of global GDP by 2029, surpassing the historical levels of the United States in the late 1940s, driven by China's strategic focus on both traditional manufacturing and high-tech industries [1][2]. Group 1: Economic Performance and Strategy - Goldman Sachs economists predict that by 2029, China's current account surplus will reach 1% of global GDP, marking the highest level ever recorded for a single economy [1]. - The article emphasizes that China's industrial development has not followed the traditional model of moving from low-value to high-value production, but rather maintains dominance in traditional sectors while advancing in high-tech industries like electric vehicles and IT [1][2]. Group 2: Global Impact and Relations - The article critiques Western media narratives that accuse China of monopolizing traditional industries and limiting competition for developing countries, arguing that China's actions have actually supported the development of these nations through infrastructure and clean energy projects [3][4]. - It is noted that China has engaged in extensive cooperation with over 200 countries in renewable energy and has significantly improved transportation infrastructure in Africa, creating jobs and economic benefits for partner countries [3][4]. Group 3: Geopolitical Tensions - The article discusses how Western countries, particularly the U.S., are attempting to maintain their dominance in the international economic system by imposing barriers on developing countries' industrial upgrades, while simultaneously discrediting those that succeed [4][5]. - It highlights the U.S. government's recent trade negotiations that include controversial "poison pill" clauses aimed at limiting countries' agreements with China, reflecting a strategy to counter China's influence in Southeast Asia [8][9].

穆罕默德·斯马维表示，互不干涉内政和相互尊重主权原则是中国始终坚持和强调的原则。也正是 因为这个原因，中国积极致力于推进建设更加公正合理的国际秩序。虽然有一些强权国家抛弃了这个原 则，但各国主权平等是联合国宪章宗旨和原则，其重要性不容削弱。 穆罕默德·斯马维强调："突尼斯始终坚持一个中国原则。突尼斯自身历史上就曾遭受过不公正对 待。突尼斯也曾经被分裂，但随着地缘政治条件变化最终实现统一。中国现在还没有完全统一，但总有 一天将实现完全统一。" 穆罕默德·斯马维表示，突中合作互利共赢。中方甚至在很多项目上没有获利。比如中方在斯法克 斯建设的援突综合医院以及援突尼斯外交培训学院等。这些建筑不可能凭空产生。"我们在完全保有主 权的前提下，在同中国合作中获得了众多实惠。" 人民网迪拜11月28日电 （记者管克江）突尼斯主流媒体《新闻报》近日刊发了对突尼斯前驻华大 使穆罕默德·斯马维的专访。穆罕默德·斯马维在接受采访时表示，随着中国日益成为国际舞台的重要力 量，突尼斯不断加强同中国在互不干涉内政、互利互补和战略性开放基础上的关系。突尼斯始终坚持一 个中国原则，并相信中国必将完全统一。 穆罕默德·斯马维指出，新时代中国取得 ...