Core Viewpoint - Guizhou Province is focusing on ecological priority and green development, achieving significant improvements in ecological civilization and economic growth with a higher "green content" in its economy [1][8]. Group 1: Ecological Development - From 2020 to 2024, Guizhou's forest area increased from 10.8363 million hectares to 11.1478 million hectares, with forest coverage rising from 61.5% to 63.3% [1]. - The proportion of the green economy in GDP increased from 42% to 48% during the same period [1]. - Guizhou has planted 605 million trees over the past 11 years, establishing a continuous green barrier [2]. - The province has shifted its focus from expanding forest area to improving quality through restoration and nurturing of degraded forests [2]. Group 2: Resource Utilization - Guizhou is rich in mineral resources, with 49 types of minerals ranking in the top ten nationally, and has discovered 137 types of minerals [6]. - The "rich mine and precise mining" strategy aims to maximize economic, ecological, and social benefits while minimizing resource consumption [6]. - The phosphorous chemical industry in Guizhou has seen significant growth, with the value of the phosphorous chemical and new energy battery materials industry exceeding 50 billion yuan in just over three years [7]. Group 3: Tourism and Cultural Development - Guizhou has integrated traditional culture into tourism, with the "Guizhou Qingjiu Cup" dragon boat festival attracting 253,900 visitors and generating 234 million yuan in revenue during the Dragon Boat Festival [9]. - The province's tourism sector has shown strong recovery, with a 10.4% increase in visitor numbers and a 13.3% increase in total tourism expenditure in 2024 [9][10]. Group 4: Digital Economy - Guizhou is advancing its digital economy strategy, with a focus on artificial intelligence and data market opportunities, achieving a 60.1% level of integration between information technology and industrialization [12]. - The province has 48 national key data centers, with over 90% being intelligent computing resources, positioning itself as a leader in data infrastructure [13].

Core Viewpoint - The approval of the "Wanguo Data Center REIT" marks a significant advancement in China's capital market, facilitating the high-quality development of the digital economy through innovative financing solutions [1][2][3]. Group 1: Project Overview - The "Wanguo Data Center REIT" is one of the first batch of data center REITs in China, with a fundraising target of 1.933 billion yuan [1]. - The underlying asset is the Guojin Data Center located in Kunshan, Jiangsu Province, which features over 4,000 7kW cabinets and a power capacity of 29,044 kW [3]. - The project has maintained a 100% signing rate and over 92% billing rate for the past three years, indicating strong demand and operational stability [3]. Group 2: Policy and Market Context - The China Securities Regulatory Commission (CSRC) has been actively supporting the development of REITs, particularly in sectors like artificial intelligence and data centers, as part of its broader financial strategy [2]. - The approval of the Wanguo Data Center REIT is seen as a breakthrough for the capital market's role in supporting the digital economy [2]. Group 3: Financial Impact - The REIT structure allows for the separation of depreciation and amortization from the balance sheet, effectively reducing the company's debt ratio by 1.2% and increasing the return on equity (ROE) by approximately 4.4% [3]. - The net recovery funds exceeding 1 billion yuan will be used for new project investments, reinforcing the company's leading position in the industry [3]. Group 4: Industry Significance - The successful launch of the Wanguo Data Center REIT is viewed as a model for replicable financing solutions in the digital infrastructure sector, addressing the challenges of high investment costs and long return cycles [5]. - The REIT's approval is expected to provide a clear and transparent pricing anchor for the market, promoting rational investment and healthy development within the data center industry [5]. Group 5: Market Expansion - As of May 2023, the Shanghai Stock Exchange has become a major platform for REITs in China, with 44 REITs issued and a total scale of 121.6 billion yuan [6]. - The introduction of various REIT products, including the Wanguo Data Center REIT, contributes to the diversification of financing options for high-quality entities in the new infrastructure sector [6].

基金市场又迎来重磅新品！ 在6月18日举行的2025陆家嘴论坛上，中国证监会主席吴清表示，今天，证监会将批复全国 首批2只数据中心REITs注册，下一步将继续支持科技企业利用知识产权、数据资产等新型资 产开展资产证券化、REITs等融资，进一步盘活科技创新领域存量资产。 中国证监会和交易所官网显示，南方万国数据中心REIT、南方润泽科技REIT日前双双获批。 业内人士表示，首批数据中心公募REITs获批，是在国家大力推进新基建与数字经济发展的背 景下，资本市场服务实体经济的又一创新实践。 首批数据中心REITs获批 REITs市场迎来新品种，首批2只数据中心REITs正式获批，沪深交易所各有1只。 证监会网站显示，由南方基金担任基金管理人的南方万国数据中心封闭式基础设施证券投资 基金（以下简称南方万国数据中心REIT）获得中国证券监督管理委员会正式准予注册批复， 此前已获得上海证券交易所无异议函。 【导读】南方万国数据中心REIT、南方润泽科技REIT双双获批 中国基金报记者 方丽 批复公告显示，南方万国数据中心REIT基金合同期限为50年，准予基金的募集份额总额为8 亿份。南方基金为基金的基金管理人，招商银 ...

新华财经上海6月18日电（记者杨溢仁）2025年6月18日，首批数据中心REITs项目——南方万国数据中 心封闭式基础设施证券投资基金（以下简称"万国数据中心REIT"）正式获得中国证监会注册批复及上 交所无异议函。 例如，2024年4月，证监会《资本市场服务科技企业高水平发展的十六项措施》出台，首次将数据中心 纳入科技创新REITs试点范畴。2025年，《关于资本市场做好金融"五篇大文章"的实施意见》进一步明 确，支持人工智能、数据中心、智慧城市等新型基础设施以及科技创新产业园区等领域项目发行 REITs。上述措施叠加支持民营经济系列政策产生了巨大的协同效应，为数据中心行业资产证券化构建 了完善的政策框架。 无疑，万国数据中心REIT的获批，标志着我国资本市场服务数字经济高质量发展取得突破性进展。该 项目通过创新民营资本参与公募REITs的实践路径，为数字基建领域打造了可复制的"募投管退"全周期 解决方案，对盘活数据中心领域存量资产具有示范意义。 CPE源峰基础设施板块董事总经理叶弢向记者表示，一系列支持政策的相继出台为数据中心行业的快速 成长注入了强劲动力，同时也为数据中心REITs的落地铺平了道路。在智 ...

6月18日，中国证监会主席吴清在2025陆家嘴论坛上表示，进一步强化股债联动，大力发展科创债。中 国证监会将批复全国首批两只数据中心REITs注册，下一步将继续支持科技企业利用知识产权、数据资 产等新型资产开展资产证券化、REITs等融资，进一步盘活科技创新领域存量资产。 《每日经济新闻》记者获悉，今日，首批两单数据中心公募REITs——南方万国数据中心REIT和南方润 泽科技REIT已正式获批。两单产品都由南方基金担任基金管理人，将分别在上交所和深交所上市。 有业内人士评价，这两只产品的获批标志着国内REITs底层资产实现战略性扩容，首次填补数据中心领 域市场空白，为资本市场注入全新活力，也为数据中心行业通过资产证券化拓展融资渠道提供了创新性 实践范例。 首批数据中心公募REITs获批，南方基金担任基金管理人 公募REITs又迎来新业态。 6月18日，中国证监会和上交所、深交所官网显示，由南方基金担任基金管理人的南方万国数据中心 REIT、南方润泽科技REIT获批。这两只产品是全国首批数据中心公募REIT。 近年来，国家层面密集出台政策为数据中心等新型基础设施建设 "保驾护航"。证监会先后发布《资本 市场服 ...

南方基金相关人士告诉券商中国记者，由南方基金担任基金管理人的南方润泽科技数据中心封闭式基础设施证 券投资基金（以下简称"南方润泽科技REITs"）获批。同一日，由南方基金担任基金管理人的南方万国数据中 心封闭式基础设施证券投资基金（简称"南方万国数据中心REITs"）也获得证监会的准予注册批复，作为上交 所首单数据中心类公募REITs，这两单项目标志着公募REITs底层资产成功扩容，填补了国内REITs市场相关领 域的空白，为市场注入新动能，并首次填补数据中心领域市场空白，也为数据中心行业通过资产证券化拓展融 资渠道提供了创新性实践范例。 值得一提的是，当前公募基金经理对算力、数字知识产权、数字版权、AI人工智能等数字经济相关赛道已开 始逐步加大布局，今年以来的相关政策极大地鼓励偏股型基金在数字经济赛道的重仓信心。在2025年全国两会 上，数字经济、人工智能与算力成为备受瞩目的焦点议题。 今年《政府工作报告》指出，持续推进"人工智能+"行动，将数字技术与制造优势、市场优势更好结合起来， 支持大模型广泛应用。中国在人工智能核心技术上进步显著，但也面临算力资源优化、成本控制以及国际技术 封锁等问题，因此加强自主创 ...

在国家大力推进新基建与数字经济发展的背景下，资本市场服务实体经济再添创新实践。6月18日，中 国证监会和上交所官网显示，由南方基金担任基金管理人的南方万国数据中心封闭式基础设施证券投资 基金（以下简称"南方万国数据中心REIT"）获批。作为上交所首单数据中心类公募REITs，该产品的获 批标志着国内REITs底层资产实现战略性扩容，首次填补数据中心领域市场空白，为资本市场注入全新 活力，也为数据中心行业通过资产证券化拓展融资渠道提供了创新性实践范例。 近年来，国家层面密集出台政策为数据中心等新型基础设施建设 "保驾护航"。中国证监会先后发布 《资本市场服务科技企业高水平发展的十六项措施》《关于资本市场做好金融 "五篇大文章" 的实施意 见》，明确将数据中心、人工智能等新基建领域纳入REITs支持范畴，旨在通过资本市场机制优化资产 配置、拓宽融资渠道，推动技术创新与产业升级深度融合。 在2025年全国两会上，数字经济、人工智能与算力成为备受关注的焦点议题。今年《政府工作报告》明 确提出，持续推进 "人工智能+" 行动，而算力作为数字经济时代的核心生产力，不仅是推动千行百业数 字化转型的关键引擎，更为数字中国建设 ...

Group 1 - The Yellow River Digital Mall was launched to promote ecological protection and high-quality development in the Yellow River basin, responding to national digital economy initiatives and transforming regional commerce [5][7] - The platform aims to provide a local digital e-commerce solution, integrating advanced technologies such as big data, IoT, and AI to create a smart commerce ecosystem that covers both urban and rural areas [5][7] - The product range includes fresh agricultural products, cooking oils, household appliances, and daily necessities, sourced from major e-commerce platforms and local certified suppliers, with a delivery model promising next-day service [5][6] Group 2 - The platform supports the national rural revitalization strategy by facilitating the digitalization of agricultural products, creating efficient supply channels from farms to consumers [7] - The launch of the Yellow River Digital Mall signifies a significant step for the Tianqiao District in implementing national strategies, aiming to integrate online consumption with offline experiences [7] - The event was attended by various officials and leaders, highlighting the collaborative effort in establishing this digital commerce initiative [3][7]

本年度白皮书重点关注三大方面。在人员交流方面，白皮书提到，为构建良好的中日关系，顺畅的人员 交流是营造增进相互理解与信任环境的基础，其中促进对话则尤为关键。2024 年 11月，中国恢复了对 日本普通护照持有者的免签政策。白皮书表示，在华日企对此表示欢迎，同时期待中日之间的人员交流 能够更加活跃，推动免签政策常态化。 据新华社报道，2024年12月底，中日高级别人文交流磋商达成10项共识。共识涉及青少年交流、教育、 旅游、友城等多方面人文交流。外交部发言人毛宁在当时的记者会上表示，希望双方以此次会议为契 机，扩大双向往来，创新交流内涵，营造健康理性的民意环境，树立正确客观的相互认知，搭建起更多 民间友好交流的桥梁，助力中日关系健康稳定发展。 "中日交流对话将越发活跃，期待两国经济能迎来更进一步的发展。" 17日，中国日本商会发布《中国经济与日本企业2025年白皮书》（下称"白皮书"）。白皮书深入分析了 中国经济的现状和发展趋势，以及日本企业在华的机遇与挑战。2010年起至今，白皮书已发行共16期。 本年度白皮书征集了8268家在华日资会员企业的意见，分为"中国经济与日本企业的现状""共同问题及 建议""各产业 ...

Core Viewpoint - The rapid development of the digital economy has led to the vigorous promotion of the digital RMB as China's legal digital currency, with its presence increasingly felt across various sectors including online shopping, public transport, and government services [1]. Group 1: Digital RMB Application Progress - Recent reports indicate that cities like Shanghai and Shenzhen are innovating in the application scenarios of digital RMB, moving into a "scene deepening" phase, focusing on areas such as cross-border payments and government services [2]. - Shenzhen has opened nearly 30 million digital RMB wallets, with over 2 million merchants supporting digital RMB payments, and aims to expand its application in cross-border consumption and payment [4]. - Shanghai has initiated a pilot program allowing the use of digital RMB hard wallets for quick access in the magnetic levitation train system, enhancing payment options for both domestic and international travelers [6][7]. Group 2: Government Initiatives and Support - Various local governments, including those in Shanghai, Zhejiang, and Shandong, have actively promoted the expansion of digital RMB application scenarios and technological innovation [9]. - The People's Bank of China and local governments have issued plans to support the participation of banks in cross-border digital currency projects and to enhance the convenience of cross-border financial services [9]. Group 3: Challenges and Future Outlook - Despite the progress, challenges remain in cultivating user habits and ensuring cross-border interoperability for digital RMB [10]. - Analysts suggest that combining the authority of legal currency with the flexibility of application scenarios is essential to unlock the full potential of digital RMB [10].