智通财经APP获悉，瑞银发表研究报告指出，香港住宅市场正处于转折点。报告引述中原集团创办人施 永青的观点，认为香港住宅物业市场将在未来3至5年进入上升周期。报告指出，住宅市场复苏主要受以 下因素支持：一、新盘及二手住宅成交量强劲回升；二、私人房屋供应已见顶。 对于公共房屋供应增加，报告认为这将减少政府对私人市场的干预需要，有助维持社会稳定。由于公共 房屋的目标群体与私人住宅买家并不重迭，预期供应增加不会影响私人住宅需求。 在大湾区融合方面，报告指出香港楼市在"一国两制"框架下具有差异化优势，包括：产权保护、资金自 由流动、与美元挂钩及低税制。因此，预期内地投资者对香港物业的需求将保持强劲，特别是大学区附 近的物业具有较高投资潜力。 零售方面，报告指出该行业因电子商务而面临结构性挑战，餐饮业虽然仍具韧性，但整体租赁需求疲 弱。相比之下，写字楼市场在资本市场最近改善的支持下，已出现复苏迹象。预期商业物业将逐步改 善，但仍需留意宏观经济及全球货币政策的不确定性。 报告称，在内地人才及学生持续流入带动下，香港住宅空置率维持在约4%的低水平，租金增长稳健， 反映住宅需求仍然强劲。供应方面，由于发展周期较长及近年土地销售 ...

Core Viewpoint - The 15th National Games, co-hosted by Guangdong, Hong Kong, and Macau, enhances the sense of unity and collaboration within the Greater Bay Area through sports and cultural exchanges [1][2][3] Group 1: Event Highlights - The event showcases the integration of the Greater Bay Area, with athletes and spectators participating across borders, such as marathon runners crossing between Shenzhen and Hong Kong [1][2] - Technological advancements, like the 7-second facial recognition for customs clearance, and seamless cross-border race tracks highlight the collaborative achievements of the region [2] - Traditional cultural events, including dragon and lion dances, are featured prominently, with the Guangdong-Hong Kong-Macau team winning the dragon dance competition [2] Group 2: Community Engagement - The event fosters emotional connections among residents of the three regions, enhancing national identity and a sense of belonging [3] - Local citizens are increasingly involved, with facilities in Guangdong and Hong Kong being utilized for public sports activities, promoting community participation [2][3] - The participation of diverse age groups, including the oldest athlete, emphasizes the inclusive nature of the games and the growing identity of "Greater Bay Area people" [3]

（点击图片观看视频） 11月8日上午，第十五届全运会一项跨越粤港澳三地的比赛——公路自行车男子个人赛进行，这是全运会历史上首个跨境自行车赛事，100多名运动员在骑行 中6次穿越口岸，却无需1秒停顿。 第十五届全国运动会是首次由粤港澳三地联合承办的体育盛会，从"无感通关"的跨境赛事到"刷脸"通关的便捷观赛体验，大湾区正以体育赛事为媒，推动三 地规则衔接、通关便利、设施联通等水平不断提高。 除了运动员比赛中的"无感通关"，多个口岸都为全运会打造了"绿色通道"，在香港，所有已登记的赛事注册人员，可以通过16条"专属出入境通道"，解锁7 秒刷脸、丝滑通关的体验。 湾区融合向未来 运动员和观众丝滑通关的背后，其实是大湾区如今基础设施的"硬联通"和规则机制的"软联通"，而这样的联通也在不断延伸。 港珠澳大桥、深中通道、黄茅海跨海通道等串珠成链，广深港高铁"公交化"运营，大湾区"半小时交通圈"和"一小时生活圈"正从蓝图走入现实。 "粤车南下"香港政策11月15日将实施，内地居民驾车到香港国际机场、往来粤港两地经商、就业、探亲、旅游等都将更加方便。"港车北上""澳车北上"政策 落地实施以来，"北上"港澳单牌车已超过768万辆 ...

Core Points - The opening ceremony of the 15th National Games showcased a blend of technology and culture, capturing national attention with its marine-themed water stage [2][3] - The event was jointly hosted by Guangdong, Hong Kong, and Macau, symbolizing unity among the three regions through a large circular main stage [2][3] - The ceremony featured performances that integrated traditional Lingnan culture with modern technology, highlighting elements like Cantonese opera and robotics [3][4] Summary by Sections - **Event Overview** - The 15th National Games opening ceremony took place on November 9 at the Guangdong Olympic Sports Center, emphasizing a fusion of technology and culture [2] - The event marked the first time the National Games were co-hosted by the Guangdong-Hong Kong-Macau Greater Bay Area [2] - **Cultural Integration** - Performances included traditional Lingnan symbols such as Cantonese opera and Wing Chun, alongside modern elements like robotics [3] - Non-material cultural heritage elements like Guang embroidery and embedded porcelain were showcased through light and shadow [3] - **Symbolism of Unity** - The main stage design, a large concentric circle, represented the unity of the three regions [2] - The event featured architectural installations that symbolized the shared roots and hearts of Guangdong, Hong Kong, and Macau [3] - **Athletic Events** - The sports events included cross-border competitions like cycling and marathons, allowing athletes to "pass through" the Hong Kong-Zhuhai-Macao Bridge and Shenzhen Bay Bridge seamlessly [3][4] - The ceremony served not only as a competitive platform but also as a declaration of unity among the regions [4]

Core Points - The 15th National Games is the first large-scale comprehensive sports event jointly hosted by Guangdong, Hong Kong, and Macau, showcasing a new model of "multi-center, distributed" hosting [1][3] - The event features cross-border competition projects and utilizes advanced technology for seamless passage across borders, enhancing regional integration [3][7] - The Games have generated significant excitement among local citizens, with various sports events expected to foster community engagement and cultural exchange [6][9] Group 1 - The event is characterized by a new hosting model that does not involve the construction of large venues, instead opting for the renovation of existing facilities, which effectively reduces hosting costs [12] - Over 90% of the competition venues are repurposed from existing structures, marking a significant shift in the approach to hosting large-scale sports events [12] - The introduction of a "no-fee" passage system for athletes, utilizing facial recognition and pre-check technologies, allows for efficient movement across the Hong Kong-Zhuhai-Macao Bridge [3][7] Group 2 - The Games have expanded the number of events to 23 major categories and 166 subcategories, significantly increasing participation opportunities compared to previous editions [12] - The event aims to promote green and low-carbon practices, with solar power being utilized for self-sufficient energy needs at venues [12] - The reforms and innovations introduced during the Games are expected to provide valuable experience for deeper integration and development within the Guangdong-Hong Kong-Macau Greater Bay Area [14]

Group 1 - The core viewpoint emphasizes the unprecedented opportunities for technology innovation companies to expand internationally against the backdrop of globalization and the deep integration of the Greater Bay Area [1] - The roundtable discussion focuses on Hong Kong's unique role as a "global hub" in this process, aiming to facilitate the globalization journey of mainland enterprises [1] - The event gathers top investors, technology leaders, and senior scholars to collaboratively explore ways to leverage Hong Kong for capital and technological advancement [1]

Core Viewpoint - The integration of Guangdong-Hong Kong-Macao Greater Bay Area is exemplified through the collaborative hosting of the 15th National Games, showcasing both "hard connectivity" through infrastructure and "soft connectivity" through cooperative governance and cultural exchange [1][2][3]. Infrastructure Development - The 15th National Games cycling event will cover a distance of 230 kilometers, crossing through Zhuhai, Macau, and Hong Kong, utilizing the Hong Kong-Zhuhai-Macao Bridge as part of the route [1]. - Since its opening on October 23, 2018, the Hong Kong-Zhuhai-Macao Bridge has facilitated over 93.34 million passenger trips and over 19.42 million vehicle trips as of October 22, 2023 [1]. - Six major cross-river and cross-sea channels have been completed in the Greater Bay Area, enhancing regional connectivity [2]. Event Coordination - The cycling event and the Shenzhen Bay Marathon are the first cross-border events in the history of the National Games, highlighting the collaborative efforts of the three regions [2]. - The seamless experience for athletes, including uninterrupted customs clearance during the cycling event, reflects the effective coordination among the three governments [3]. Cultural Exchange - Approximately 500 youths from the Greater Bay Area participated in a health run event, emphasizing the cultural integration and mutual understanding among the youth [4]. - Participants expressed that the National Games fostered cooperation in sports, culture, and economy, enhancing emotional connections among the youth from the three regions [5].

Group 1 - The core viewpoint emphasizes the need for the Guangdong-Hong Kong-Macao Greater Bay Area to leverage the upcoming 15th National Games as an opportunity for economic transformation and regional collaboration [1][2] - The event is seen as a catalyst for creating a "sports-tourism-consumption" ecosystem, with initiatives like Guangzhou's launch of 50 premium tourism routes to enhance the city's image and boost cultural tourism consumption [2][4] - The integration of sports and cultural tourism is expected to drive cross-regional cooperation and enhance the overall economic landscape of the Greater Bay Area [3][4] Group 2 - The 15th National Games is viewed as a significant practice for industry integration, providing valuable experiences for future collaborative projects in the Greater Bay Area [4] - The event's cross-regional cooperation mechanisms can be extended to cultural tourism projects, such as developing sports tourism routes that connect various events across the region [4] - The potential for post-event utilization of facilities and resources is highlighted, suggesting a sustainable approach to resource management in the sports sector [4] Group 3 - The importance of youth engagement during the event is underscored, with the creation of a "1-hour living circle" experience facilitating deeper integration among the three regions [8] - This experience is expected to break down geographical and psychological barriers, fostering a sense of identity and shared memory among the youth [8] - The event serves as a testing ground for institutional innovations, which could benefit future collaborations in education and employment across the regions [8] Group 4 - The concept of "Yue Business Spirit" is articulated as a call for innovation and breaking down institutional barriers, reflecting a modern interpretation of traditional entrepreneurial values [9] - The emphasis is placed on the need for the Greater Bay Area to embrace new thinking in institutional innovation, technology application, and social value creation [9]

Core Insights - The issuance of 2.5 billion RMB offshore government bonds by Guangdong Province, coordinated by Bank of China Macau, highlights the growing collaboration between Guangdong and Macau in financial markets [1][4]. Summary by Categories Bond Issuance Details - The bond issuance consists of three types: a 2-year blue bond with a coupon rate of 1.63% (500 million RMB), a 3-year bond supporting the 15th National Games with a coupon rate of 1.75% (1.5 billion RMB), and a 5-year green bond with a coupon rate of 1.85% (500 million RMB) [3]. - The total subscription reached 11.8 billion RMB, with a subscription multiple of 4.72 times, setting a record for Guangdong's bond issuance in Macau [3]. Investor Interest - The bond attracted significant interest from investors across various regions, including Hong Kong, Macau, Singapore, Malaysia, Thailand, and Indonesia, with participation from monetary authorities, commercial banks, investment banks, and asset management institutions [3]. Purpose of Funds - Proceeds from the bond issuance will support infrastructure development for the 15th National Games and the Hengqin Guangdong-Macau Deep Cooperation Zone, as well as green and blue development strategies in the Pearl River Delta [3]. - The blue bond is specifically aimed at sustainable water resource management and pollution prevention projects, while the green bond focuses on clean transportation and renewable energy projects [3]. Strategic Importance - The successful bond issuance reflects the Guangdong government's commitment to collaborative development with Macau and the ongoing support for Macau's economic diversification and financial market expansion [4].

Group 1 - The Guangdong Provincial Government successfully issued offshore RMB local government bonds in Macau, totaling 2.5 billion yuan [1] - The bond issuance included three types: 2-year blue bonds at a rate of 1.63% (500 million yuan), 3-year bonds for the 15th National Games at a rate of 1.75% (1.5 billion yuan), and 5-year green bonds at a rate of 1.85% (500 million yuan) [1] - The issuance attracted significant interest from investors across multiple regions, with a peak order book size of 11.8 billion yuan and a subscription multiple of 4.72 times, setting a record for Guangdong's bond issuance in Macau [1] Group 2 - The successful bond issuance reflects the Guangdong Provincial Government's emphasis on collaborative development with Macau and support for the diversification of Macau's economy [2] - China Bank acted as the sole green and blue structuring advisor, helping the bonds achieve green certification and comply with various sustainable finance classifications [2] - The funds raised will support infrastructure for the 15th National Games and the Hengqin Guangdong-Macau Deep Cooperation Zone, focusing on sustainable water resources and pollution prevention projects [1][2]