Core Viewpoint - Supply chain security has become a core national strategy, emphasizing the need for legal and standardized systems to ensure the safety of mineral resources management [1][2]. Group 1: Mineral Resource Management - Experts advocate for prioritizing national mineral resource security as a primary goal, highlighting the increasing contradiction between insufficient domestic mineral resources and growing demand [1]. - The new Mineral Resources Law, effective from July 1, marks a new phase in the legal framework for mineral resource management in China, establishing a comprehensive safety guarantee legal system [1][2]. Group 2: Implementation and Supervision - Effective implementation of the new Mineral Resources Law requires the establishment of supporting systems, enhanced supervision, and the use of information technology for comprehensive regulation [2]. - There is a need for a safety guarantee bottom line system to strengthen domestic resource capacity and expand international cooperation [2][3]. Group 3: ESG Considerations - The increasing focus on ESG (Environmental, Social, and Governance) factors is becoming a critical part of investment strategies, with a call for standardized ESG practices in the mining sector [3]. - Current ESG standards lack specific guidelines for the mining industry, leading to inconsistencies in ESG disclosures among mining companies [3]. Group 4: Economic Impact - Approximately 40,000 mining rights are in a dormant state, representing an estimated 4 trillion yuan in fixed asset investments that could be revitalized to enhance mining capacity and economic contributions [4][5]. - The Ministry of Natural Resources emphasizes the importance of implementing a market-oriented reform and competitive allocation of mining rights to ensure resource security and promote sustainable development [5].

新华财经天津12月20日电（记者李亭）记者从天津市高质量完成"十四五"规划金融专场新闻发布会了解 到，近五年，天津利用多层次资本市场融资1.6万亿元，是"十三五"时期融资总额的1.6倍。目前，天津 A股上市公司71家，同比增长18%；总市值破1.66万亿元，同比增长80%。交易所市场债券发行人109 家，发行债券存续规模1.28万亿元；私募基金管理人310家，规模超5700亿元，均居全国前列。 上市公司质量与投资价值持续提升。近五年，天津上市公司累计现金分红超1700亿元，是"十三五"时期 的7.5倍，平均股息率3.08%，32家、45%的公司连续5年分红，10家公司一年多次分红。 中长期资金入市稳步扩容。目前，全市资本市场行业机构财富管理规模超2.2万亿元。证券资金账户总 数468万户，较"十三五"时期增长20%。辖区公募基金公司积极推进费率改革，累计为投资者节约成本 超2.1亿元；其权益类基金规模由不足800亿元增长至超2100亿元，较"十三五"时期增长1.7倍。 同时，重点改革攻坚突破。近五年，天津推进全面实行股票发行注册制、"科创十六条""科创板八条"等 改革在津落地。14家公司在A股发行上市。其中， ...

自然资源部官网12月19日消息，将接续实施新一轮找矿突破战略行动，促进战略性矿产增储上产。 供应链安全已成为国家战略的核心。多方专家呼吁，始终将保障国家矿产资源安全作为矿产资源管理的 首要目标，通过法治建设和标准化体系建设，加强战略性矿产资源勘探开发和储备。 在今天（12月20日）举办的"第五届中国矿业法治高峰论坛"上，中国老科技工作者协会自然资源分会会 长关凤峻表示，矿产资源是国民经济的物质基石，法治是矿产资源安全的根本保障，矿产资源法治保障 是应对风险挑战的根本之策。 关凤峻说，矿产资源作为国民经济的物质基石，直接关系经济发展、国防安全与社会稳定，是国家安全 体系的核心组成部分。他提出，当前，我国矿产资源禀赋不足与需求增长的矛盾日益突出，铁矿石、铜 矿等主要矿产对外依存度分别超过70%，80%，个别关键矿产对外依存度甚至突破90%，资源安全面临 供给波动，国际竞争等多重挑战，亟需法治手段筑牢安全屏障。 从1986年《矿产资源法》颁布到今年7月1日新《矿产资源法》正式施行，我国矿业法治建设始终紧跟时 代步伐。关凤峻说，新《矿产资源法》构建起全方位的安全保障法律体系，标志着我国矿产资源管理迈 入法治化新阶段。 ...

向上向善向绿 出海出新出彩 适应ESG趋势，企业出海大有可为 商务部国际贸易经济合作研究院学术委员会副主任、区域经济研究中心主任，中国社会经济系统分析研 究会副理事长张建平在主旨演讲中表示，如今"中国投资"遍布全球，据商务部、外汇局统计，2024年， 国内全行业对外直接投资11592.7亿元，同比增长11.3%；"中国建设"享誉全球，2024年，对外承包工程 业务完成营业额11819.9亿元，同比增长4.2%；"中国劳务"同样也是服务全球，这显示了广阔的发展空 间。 "从ESG的视角来看，目前我们的企业在出海的过程中，在环境和社会方面的表现十分突出。"张建平建 议，将企业走出去与对外贸易和对外援助有机结合；培育一批中国全球知名跨国公司，凭借ESG建设积 淀的品牌美誉度，实现品牌溢价；支持企业合规经营和本土化发展；用好香港、澳门、海南自贸港等地 的作用与角色，支持企业更好地走出去。 在"湾区企业出海，如何将ESG打造成为一张新牌"的圆桌对话环节，与会人员认为，湾区企业出海布局 ESG需内外融合、多方协同——向内，要将ESG理念上升为企业核心商业战略，推动其与业务发展深度 融合；向外，则需对标国际先进标准，推进本 ...

Core Insights - The article highlights the fragility of packaging supply chains, particularly in the context of a well-known tea brand facing delays due to high damage rates in packaging boxes [1] - The packaging industry in China is experiencing significant challenges, with quality issues leading to hidden costs and a shift towards more sustainable practices [2] Group 1: Industry Pain Points and Transformation - Packaging has evolved from a simple logistics container to a critical element for brand image, product safety, and environmental messaging [2] - Common issues in box procurement include improper sizing, high moisture content causing deformation, and poor printing quality [2] - Quality problems result in substantial hidden costs, with return losses due to inadequate packaging averaging 5%-15% of logistics costs for e-commerce companies [2] - The industry is undergoing transformation driven by consumer upgrades and environmental policies, with a focus on companies that can provide packaging optimization and sustainability solutions [2] Group 2: Industry Restructuring and Competitive Advantage - The Yangtze River Delta region accounts for nearly 40% of the national packaging output, with Shanghai as a hub for advanced packaging technology [3] - Companies that can leverage smart technology and environmental practices are likely to succeed in the competitive landscape [3] - For instance, Jilin Guoxiang Industrial Co., Ltd. has upgraded its production line to create eco-friendly boxes capable of holding up to 5,000 kilograms [3] - Shanghai San Da Packaging Materials Co., Ltd. has developed a "high-strength lightweight box" that increases compressive strength by 30% while reducing weight by 15%, leading to significant logistics cost savings [3] Group 3: Shanghai San Da Packaging's Strategic Advantages - Shanghai San Da Packaging operates three specialized bases, each with distinct roles, creating a comprehensive technology and service matrix [5] - The Pudong production base focuses on smart production lines and comprehensive environmental solutions, recognized by international brands for meeting ESG requirements [5] - The Songjiang Smart Manufacturing Center caters to the demand for flexible customization and rapid response, capable of delivering designs within 72 hours [5] - The Qingpu Environmental Materials Research Institute is dedicated to developing biodegradable alternatives, positioning itself as a partner for multinational companies' sustainability strategies [5] Group 4: Market Validation and Service Capabilities - Shanghai San Da Packaging has established partnerships with various international brands, including Estée Lauder, Dior, and Huawei, demonstrating its technical capabilities [6] - The company offers one-stop solutions that address the diverse needs of e-commerce and trendy brands for differentiated packaging, rapid market entry, and cost control [6] - A specific "paper instead of plastic" packaging solution for a high-end beauty brand reduced packaging material usage by 25% while enhancing shelf appeal [7] Group 5: Procurement Guidelines and Industry Outlook - Companies should avoid common pitfalls when selecting box suppliers, such as making decisions based solely on price, which may compromise material quality or service [8] - It is crucial to clarify the intended use and industry characteristics of the boxes, as different applications require distinct materials and processes [8] - Contracts should explicitly outline breach responsibilities and after-sales response mechanisms, including penalties for delivery delays and quality issues [8] - A balanced approach to procurement must consider quality, delivery timelines, and stability, especially for businesses with seasonal sales and high packaging dependency [9]

Group 1: JD and Dingdong Maicai Developments - JD's first Seven Fresh store in Shijiazhuang opened on December 19, featuring 24-hour fresh produce and a "1+N" delivery model, boosting local consumption [1] - Dingdong Maicai launched a dynamic evaluation standard for fish products in collaboration with Qingyu Hall and the China Quality Certification Center, leading to a 50% increase in sales in the first month of its "True Safe Fish" initiative [3] Group 2: Logistics and Retail Innovations - JD Logistics introduced a comprehensive logistics service for duty-free products in Hainan, supporting the high-quality development of the Hainan Free Trade Port with seven operational warehouses [5] - Anta officially joined Taobao Flash Sale, enabling rapid delivery of sports equipment from over 1,000 stores across major cities [8] Group 3: Corporate Governance and Strategic Focus - Pinduoduo announced a new governance structure with Zhao Jiazhen appointed as co-chairman, focusing on the Chinese supply chain as a core business strategy [7] - 1688 signed a partnership agreement with the China Council for the Promotion of International Trade to enhance cross-border supply chain capabilities for small and medium-sized enterprises [10] Group 4: Market Trends and Performance - Domestic TV brands are increasingly utilizing AliExpress for international sales, with a 300% year-on-year increase in sales on the platform [12] - Nike reported a revenue of $12.4 billion for Q2 of fiscal year 2026, with a 20% growth in its running segment and a 3% decrease in inventory [15] Group 5: Expansion and Sustainability Initiatives - McDonald's China surpassed 7,500 stores and will begin using bio-based packaging, aiming to reduce petroleum-based plastic usage by approximately 5,800 tons annually [17] - AEON confirmed the opening of three new supermarkets in Wuhan in Q1 2026, continuing its strategy of enhancing customer experience amid declining foot traffic [18] Group 6: International Expansion of Food Brands - Yuanji Cloud Dumplings opened its first store in Thailand, marking its commitment to local market integration [18] - Baoshifu announced the upcoming opening of its first North American store in New York City, following its successful entry into Singapore earlier this year [19] Group 7: Corporate Changes and Legal Developments - Budweiser Asia appointed a new CFO, Bernardo Novick, effective April 1, 2026, following Ignacio Lares' 18-year tenure [20] - Chongqing Beer is in discussions to settle a long-standing legal dispute with Jiawei Beer, potentially resolving an 18-year conflict involving a claim of 353 million yuan [20]

Core Insights - The Lovesac Company has released its ESG & Impact Report for the fiscal year 2025, emphasizing its commitment to environmental sustainability, social responsibility, and governance [1][2] ESG Strategy - Lovesac's ESG strategy is built around three core pillars: Love, Earth, and Purpose, focusing on workforce inspiration, environmental protection, and positive stakeholder impact [3] - The company aims for net-zero waste and emissions by 2040, promoting high-quality, sustainably manufactured products that adapt to customer needs [5] Key Achievements in 2025 - The company has successfully eliminated Scope 2 emissions from all US showrooms for the second consecutive year and launched a zero-landfill, net-zero emissions manufacturing facility [6] - Lovesac has repurposed 322 million plastic bottles and over 30 million pounds of post-industrial foam remnants, demonstrating its commitment to Circular Operations [6] - The company maintained 100% ethical auditing compliance for all primary manufacturing vendors and engaged associates in over 550 volunteer hours, contributing products valued at $286,000 [6] Future Commitments - Lovesac plans to continue advancing its ESG priorities and report on progress through future ESG reports, reinforcing its multi-phased commitment to stakeholders [7]

Core Viewpoint - Huazhu Group's "Green Stay" project has been recognized as one of the "Top Ten Green Development Cases of 2025" by Beijing News, highlighting its systematic approach to integrating low-carbon, water-saving, and resource-efficient practices into daily hotel operations [1] Group 1: Project Overview - The "Green Stay" initiative allows guests to make eco-friendly choices during their stay, such as opting not to change linens or have their rooms cleaned, which in turn earns them rewards points [2][6] - This option is available across major Huazhu brands, including All Seasons, Hanting, and others, and is designed to enhance guest experience while promoting sustainability [2][7] Group 2: Operational Efficiency - The "Green Stay" selections are integrated into hotel management systems, ensuring accurate execution of guest preferences and reducing the risk of miscommunication [6][14] - This system addresses long-standing issues in the hotel industry related to environmental initiatives, making eco-friendly practices a standard part of operations [6][14] Group 3: Environmental Impact - The initiative has been implemented in approximately 9,000 Huazhu hotels nationwide, demonstrating its scalability and replicability [7] - The program has led to significant resource savings, including an estimated reduction of 1.176 million tons of carbon emissions and substantial water savings [10][14] Group 4: Broader Sustainability Strategy - Huazhu's sustainability efforts extend beyond the "Green Stay" project, incorporating eco-friendly materials and practices throughout its operations, including the use of recyclable materials in hotel construction [10][18] - The company has established a comprehensive ESG governance structure, integrating sustainability into its strategic decision-making and daily management [17][18] Group 5: Consumer Engagement - The "Green Stay" program effectively engages consumers by providing tangible rewards for eco-friendly choices, making sustainability a participatory experience [6][17] - This approach aligns with the preferences of younger consumers who value personalized experiences and environmental responsibility [6][17]

Core Insights - Corporate accountability has primarily been represented through presentations, including ESG decks and sustainability summaries, along with carefully worded disclosures [1] Group 1 - The focus on corporate accountability has shifted from mere presentations to more substantive measures [1]

过去一两年间，ESG在欧美市场的推进遭遇现实阻力。在美国，ESG相关议题被卷入政治讨论，其关注 重点逐渐偏离了原本作为长期风险管理和公共治理工具的定位；而在欧洲，ESG更多体现为一套不断趋 严的合规要求，相关标准在持续提高的同时，也显著抬升了企业和投资机构在执行层面的成本。 21世纪经济报道记者 赵娜 上海报道 当ESG在全球不同市场呈现明显分化之际，这一框架正站在一个新的十字路口。 相比之下，亚洲尤其是中国，外部环境变化并未明显打乱ESG的推进节奏。 在第八届创投责任投资论坛的一场圆桌讨论中，来自国际组织、国际性金融机构、区域影响力投资网络 以及一线投资机构的多位嘉宾，从各自实践出发，围绕ESG与影响力投资的新趋势展开交流。 在这一轮变化中，一些国家和地区在推进ESG时开始显现出犹豫，实践层面的压力逐步浮现。这并不意 味着ESG方向本身发生了改变，更像是在不同制度环境下，其推进方式和实际效果出现了差异。 尽管观察视角不尽相同，但多位嘉宾提到，他们在中国看到的，是ESG实践持续推进、逐步落地的过 程。在一些市场，ESG仍被视为一种可以选择的理念或工具；而在中国，它正在更多地与经济转型、产 业升级以及资本配置结 ...