原标题：2025年广州消费帮扶展览会盛大启幕，以消费为桥绘就城乡融合与乡村振兴新图景 为深入贯彻落实习近平总书记关于继续大力实施消费帮扶助力乡村振兴的重要指示精神，推动对口帮扶协作地区、革命老区、全国消费帮扶重点产区农副产 品和文旅服务与粤港澳大湾区消费市场精准对接，2025年广州消费帮扶展览会暨远方好物仲夏行动产销推介活动于8月22日在中国进出口商品交易会展馆隆 重开幕。本次展会以"消费帮扶，携穗共赢"为主题，汇聚对口帮扶协作地区、革命老区、全国消费帮扶重点产区超320家优质企业参展，吸引粤港澳大湾区 近1000家采购商参与，通过现场推介、产销对接、线上直播等方式，搭建起"线上 + 线下"融合的产销平台，为实现巩固拓展脱贫攻坚成果同乡村振兴有效衔 接，全面推进乡村振兴注入强劲动能。 农业农村部帮扶司副司长侯永健出席开幕式并致辞，他指出，广州去年销售帮扶产品超253 亿元，形成"消费带产业、产业促就业、就业稳增收"消费帮扶良 性循环，广州消费帮扶工作要以此次展会为契机持续发挥示范作用，凝聚社会合力，进一步打通农产品从田间到餐桌的"最后一公里"。 广东省发展和改革委员会二级巡视员王伟东在致辞中指出，广州消费帮扶 ...

（原标题：菜鸟集团熊伟：全球化业务占比已过半，跨境物流还将再提速） 21世纪经济报道记者费心懿 杭州报道 菜鸟的全球化叙事，正从"阿里生态配套"转向"市场主导角色"。 菜鸟高级副总裁、跨境物流总经理熊伟近日在接受21世纪经济报道等媒体采访时表示，今年菜鸟全球化 业务在整体业务中的占比已超五成，且外部业务占比已高于来自阿里集团的业务。 这意味着，菜鸟已不再只是主要服务于阿里电商生态的"内部物流部门"，而是成长为一家独立面向全球 市场、以市场化模式服务所有客户的全链路物流服务商。 3.0时代启幕 在2018年至2023年的2.0时代，菜鸟将触角延伸至跨境、仓储和配送等关键环节，并开始深 耕"仓"和"链"的服务。 如今，菜鸟正迈入3.0时代，熊伟谈到，这个阶段的关键词是"全球化和市场化"。对菜鸟而言，全球化 已从战略选项变为生存发展的必需。在卖家出海浪潮之下，菜鸟的重资产模式正在成为其核心竞争力。 这种"重资产"的投入体现在多个层面。 以菜鸟在香港和比利时列日建设的eHub为例，熊伟介绍，这些都是"照着几十年的规划去部署的"，需 要管理好短期内单量导入的挑战，以支持长期的投入。 熊伟认为，重资产模式虽面临短期挑战， ...

证券研究报告|公司点评报告 [Table_Date] 2025 年 08 月 15 日 [Table_Title] Q2 务实降速，市场化、全球化持续推进 ► 系列酒降速为长远发展，自营店体系建设再强化，出海战略持续落地。 [Table_Title2] 贵州茅台(600519) | [Table_DataInfo] 评级： | 买入 | 股票代码： | 600519 | | --- | --- | --- | --- | | 上次评级： | 买入 | 52 周最高价/最低价： | 1910.0/1245.83 | | 目标价格： | | 总市值(亿) | 17,925.82 | | 最新收盘价： | 1426.99 | 自由流通市值(亿) | 17,925.82 | | | | 自由流通股数(百万) | 1,256.20 | [Table_Summary] 事件概述 8 月 12 日，公司发布半年报。2025H1，公司实现营业收入 893.89 亿元，同比+9.10%，实现归母净利润 454.03 亿元，同比+8.89。 分析判断: ► Q2 务实降速，减少渠道资金占用，加大对酱香系列酒经销商的资金支持。 经 ...

Core Viewpoint - The government investment funds in China will face stricter regulations to enhance their guiding role and capital aggregation effect, as outlined in the draft guidelines and management measures released for public consultation [1]. Group 1: Government Investment Fund Guidelines - The guidelines emphasize the need to strengthen the planning and directional guidance of government investment funds, aiming to prevent homogeneous competition and the crowding out of social capital [1][2]. - By the end of 2024, the total scale of government investment funds across various levels in China is expected to reach 3.35 trillion yuan, with a cumulative establishment of 1,627 funds [1]. Group 2: Investment Direction and Competition - The guidelines specify that national-level funds should focus on major projects and key technological advancements, avoiding redundant investments and "involution" competition among local governments [2]. - A positive and negative investment direction list has been established to guide government investment funds, indicating that some funds may have previously engaged in non-compliant investments [2]. Group 3: Social Capital and Market Dynamics - There is a growing concern about the crowding out of social capital, leading to calls for government investment funds to withdraw from fully competitive sectors and allow social capital to thrive [3]. - The government investment funds are expected to respect the rights of social capital and attract more private investment to achieve a significant capital aggregation effect [3]. Group 4: Market-oriented Operations - The government investment funds are urged to overcome administrative tendencies and enhance market-oriented operations, which are crucial for attracting social capital [4]. - A clear framework for the rights, responsibilities, and interests of both government and social capital is necessary to ensure fair risk-sharing and benefit-sharing mechanisms [4].

Core Viewpoint - The evolution of the Renminbi (RMB) over the past 20 years has transformed it from a currency with limited global influence to a significant player in the international monetary system, reflecting a shift from a dollar-centric model to a more diversified currency landscape [1][2][3] Group 1: Historical Context and Evolution - The RMB underwent a significant reform on July 21, 2005, when the People's Bank of China announced a shift from a fixed exchange rate to a managed floating exchange rate based on a basket of currencies, marking a pivotal moment in financial history [1] - Over the past two decades, the RMB has transitioned from a fixed peg to the US dollar to a more flexible exchange rate system, balancing market-driven mechanisms with stability [1][2] - The 2015 "811 exchange rate reform" was a critical moment, showcasing China's commitment to market-oriented reforms despite external pressures, which helped stabilize the currency and manage market expectations [2] Group 2: Current Status and Global Position - The RMB has risen to become the fourth most active currency globally, with increasing recognition and inclusion in foreign exchange reserves by various countries, indicating a growing trust in its value [2] - The RMB's transformation is significant in the context of a global shift towards "de-dollarization," positioning it as a core option for emerging markets seeking currency diversification [2] - The RMB's resilience has improved, supported by substantial foreign exchange reserves and a dual management framework that balances macro-prudential and micro-regulatory measures [3] Group 3: Future Outlook - The RMB's role is evolving from being a subject of speculation regarding China's currency policies to a focus on how it will influence global economic dynamics [3] - As uncertainties increase globally and domestic economic transitions face challenges, enhancing the flexibility of the RMB will be crucial for stabilizing the macroeconomy and advancing market-oriented reforms [3]

Core Viewpoint - Haidian District is positioning itself as a leading investment destination by enhancing its business environment through various reforms and initiatives aimed at supporting enterprises throughout their lifecycle [3][4][8]. Group 1: Business Environment Initiatives - Haidian District has implemented a series of reforms to create a market-oriented, law-based, and international business environment, maintaining a leading position in Beijing's district-level business environment evaluations [3][4]. - The district has introduced the "Haidian Eight Measures" to assist enterprises in improving resilience, innovation vitality, and global competitiveness, focusing on reducing operational costs and enhancing support services [5][10]. Group 2: Financial and Innovation Support - Financial collaboration platforms have addressed 6,270 loan financing needs for small and micro enterprises, with a total loan issuance of 22.741 billion yuan, while the Zhongguancun Innovation Financial Service Center has achieved credit issuance of 28.456 billion yuan [4]. - The district is establishing a technology growth fund worth 10 billion yuan and enhancing innovation support through partnerships with universities and the creation of entrepreneurial service teams [6]. Group 3: Infrastructure and Service Enhancements - The district has streamlined administrative processes, achieving a 60% reduction in processing times through blockchain applications and a 70% simplification of approval requirements in construction projects [4]. - A comprehensive free trade zone focused on R&D innovation has been established, along with nine overseas intellectual property rights assistance stations to support enterprises in international expansion [4][6]. Group 4: Community and Local Engagement - The district emphasizes the role of local communities and street-level services in optimizing the business environment, with initiatives to enhance resource sharing and collaboration among enterprises [9][12]. - Efforts are being made to improve urban quality of life through the development of vibrant commercial spaces and enhanced public services, contributing to a more livable and business-friendly environment [13].

Group 1 - The Hubei provincial government is launching a series of actions titled "Grasp Entrepreneurship and Promote Employment," focusing on the "Return of Alumni" to attract investment and innovation [2][3] - Hubei's Commerce Department emphasizes the importance of alumni as a unique advantage and strategic resource for high-quality development in the province [2] - The government plans to establish a comprehensive and dynamic "Alumni Resource Database" to accurately grasp alumni resources and facilitate investment opportunities [2] Group 2 - The government aims to enhance platform construction by leveraging major events such as the "Spring Cherry Blossom Economic and Trade Fair" and the "Chuchang Conference" to connect alumni with development resources [3] - Focus areas include technology transfer, digital economy, and green economy, with targeted cooperation between key parks, industries, and enterprises [3] - A comprehensive service system for alumni investment projects will be established, providing personalized and dedicated support for high-impact projects [3]

Core Viewpoint - Hunan Province is enhancing its business environment through market-oriented reforms, legal protections, and internationalization efforts, resulting in significant growth in business entities and investment levels. Group 1: Market-Oriented Reforms - Hunan has implemented the "One License" reform, allowing businesses to complete multiple registration processes with a single license, significantly reducing administrative burdens [2] - The province has seen a 7.2% year-on-year increase in active business entities, reaching 7.6411 million by the end of 2024, placing it among the top ten provinces in China [1] - In 2024, Hunan registered 1,670 new enterprises from returning entrepreneurs, with total investment reaching 600.41 billion yuan [1] Group 2: Legal Protections - Hunan has established a legal framework to enhance the business environment, including the introduction of the "Hunan Province Optimization of Business Environment Regulations" [4] - The province has handled 280 cases of monopoly and unfair competition, and courts resolved 2,402 cases related to market order violations [4] - A new system for collecting business complaints has been implemented, receiving 567 requests and resolving 514 since its inception [4] Group 3: Internationalization Efforts - Hunan is accelerating its international business environment by attracting returning entrepreneurs and facilitating foreign investments [6] - The China (Hunan) Free Trade Pilot Zone is focusing on logistics and trade facilitation, reducing project land approval times from 248 days to under 110 days [6] - In 2024, Hunan's import and export volume reached 563.66 billion yuan, positioning the province as a key player in the Belt and Road Initiative [7]

Core Viewpoint - The 9th China-South Asia Expo will focus on "Unity and Cooperation for Development," enhancing Yunnan's role as a hub connecting China with South Asia and Southeast Asia, with significant improvements in scale and content, emphasizing "Internationalization, Professionalization, Marketization, and Branding" [1] Group 1: Internationalization - Sri Lanka will be the theme country, and Thailand will be the special partner country, celebrating 50 years of diplomatic relations with China [1] - Two South Asia pavilions with nearly 800 booths have been set up, with India and Pakistan having the most booths, each with 140 [1] - The expo has attracted participation from 54 countries and regions, with over 1,400 registered exhibitors, including more than 120 well-known companies from the Fortune Global 500 and China’s top 500, marking a 36% increase from the previous year [1] Group 2: Professionalization - The expo will feature 11 specialized pavilions, including manufacturing, green energy, coffee, and traditional Chinese medicine, with specialized pavilions accounting for nearly 70% of the total [2] - Nearly 1,000 professional buyers from South Asia, RCEP member countries, Europe, America, and Africa have registered to attend [2] - Six industry inspection routes have been planned to facilitate effective economic and trade cooperation [2] Group 3: Marketization - The expo will operate on a fully market-oriented basis for the first time, with promotional roadshows conducted nationwide [2] - A Beijing promotional event was attended by diplomats from nine countries and representatives from over 80 institutions and enterprises [2] - Collaborations with various trade associations and the utilization of Yunnan's overseas business representatives have been established to invite domestic and foreign enterprises to participate [2] Group 4: Branding - The expo will introduce the "South Asia Expo Release Hall" for exhibitors to launch new products, technologies, and services, with 29 companies already registered to showcase innovations [3] - The digital platform for the expo will be enhanced, featuring cloud displays, live broadcasts, and online negotiations [3] - Special invitations have been extended to ambassadors, consuls, international students, and influencers to promote the expo and its unique offerings [3]

本次活动由杭州市农学会和杭州市农业技术推广中心（杭州市植保植检中心）联合举办，邀请了来 自浙江省农业技术推广中心、浙江省农业科学院、浙江大学、浙江省种子管理总站、杭州市农业科学研 究院的专家们组成评审组，围绕参评的番茄果实外观、内在品质以及包装进行综合打分。 其中，"颜值考核"占了20分，果实形状、大小、着色、整齐度、果面有无病斑、有无裂果、萼片完 整等都是重要参考要素；内在品质的分数占比最大，有75分，甜不甜对这个分数尤其重要；最后5分押 宝创意包装，让番茄也能穿出"高定范儿"。 5月15日，2025杭州"十大精品番茄"品鉴评比活动热闹举行，26家生产主体带着38个精心培育的番 茄样品亮相赛场，其中樱桃番茄样品28个、大中果型番茄样品10个。 "本次活动既是一场比赛，也是一个很好的交流平台，有助于引导农业主体不断更新好品种、好的 栽培方式，种出更好吃、质量更好的番茄，进而推进杭州番茄的整体水平，丰富市民餐桌。"本次专家 评委、杭州市农业科学研究院蔬菜研究所所长郑积荣介绍。 "本次活动选送样品中樱桃番茄、口感型番茄占比90%以上，且包装精美、商品性佳，87%样品均 有注册品牌，说明近年来我市番茄优质化、品牌化 ...