随着中国开放的大门越开越大，其14亿多人口、超4亿中等收入群体构成的超大规模市场，释放出越来 越强劲的正溢出效应。进博会、链博会、服贸会、消博会等大型展会为全球企业进入中国、通达世界搭 建了桥梁；持续优化的进口结构、稳步下调的关税水平，不仅丰富了国内市场供给，也推动东盟、非 洲、拉美等新兴市场的出口升级，激发合作共赢的广阔前景。美国安博公司联合创始人、董事长兼首席 执行官何慕德坦言，中国消费者日益增长的需求是"巨大的发展机遇""中国市场的繁荣直接推动我们业 务的持续增长"。 日前发布的中国经济"半年报"显示，在保护主义阴云密布、全球复苏步履蹒跚之际，中国以坚定的开放 姿态，实现了经济的稳健增长。这一成就不仅彰显了中国经济底盘稳、韧劲足，也印证了一个朴素的道 理：开放带来进步，封闭必然落后。中国经济增益世界的关键，正在于其深刻而多维的"开放性"。一个 致力于打造高水平开放格局的中国，正不断为动荡的世界注入新动能，为所有拥抱合作的国家带来珍贵 的发展机遇。 开放的中国，不仅有益中国，也是各国的机遇。2025年上半年，中国经济顶住压力、迎难而上，经济运 行延续稳中向好发展态势，上半年国内生产总值（GDP）同比增长5 ...

Group 1 - The core viewpoint emphasizes the importance of leveraging the experiences from the China (Shanghai) Free Trade Zone to promote high-level institutional openness and deeper reforms across the country [1] - The document outlines that 379 institutional innovations from the Free Trade Zone have been replicated and promoted at the national level, contributing to a shared reform dividend and inclusive outcomes [1] - It highlights the necessity of embedding the institutional genes of the Free Trade Zone into the national economy to stimulate systemic reform vitality [1] Group 2 - The article stresses the importance of a "localized" approach to policy implementation, recognizing the significant regional development disparities in China [2] - It suggests that the eastern coastal regions should focus on digital trade and financial services, while the central and western regions should prioritize cross-border logistics and customs facilitation [2] - The need for institutional innovations to resonate with enterprise demands, particularly in areas like intellectual property protection and cross-border data flow, is emphasized [2] Group 3 - The deeper goal of promoting institutional innovations is to construct a higher-level open economic system, integrating experiences from various reform policies [3] - The article advocates for proactive alignment with international high-standard trade rules, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership [3] - It notes that releasing institutional innovation dividends is crucial for addressing domestic reform challenges and gaining a competitive edge internationally [3]

证券研究报告 | 2025年06月23日 深圳加快推进综改试点 ——深圳贯彻落实《关于深入推进深圳综合改革试点深化改革创新扩大开放的 意见》工作大会解读 经济研究·宏观快评 | 证券分析师： | 董德志 | 021-60933158 | dongdz@guosen.com.cn | 执证编码：S0980513100001 | | --- | --- | --- | --- | --- | | 证券分析师： | 薛冰 | 0755-81982126 | xuebing1@guosen.com.cn | 执证编码：S0980524060002 | 事件： 6 月 20 日，深圳召开贯彻落实中办、国办《关于深入推进深圳综合改革试点深化改革创新扩大开放的意见》 工作大会。 解读： 6 月 10 日中办、国办印发《关于深入推进深圳综合改革试点深化改革创新扩大开放的意见》（以下简称《意 见》）以来，深圳积极谋划布局综合改革试点、深化改革创新扩大开放。6 月 12 日，国务院新闻办公室针 对《意见》召开新闻发布会，邀请国家发展改革委、科技部、广东省、深圳市的领导介绍《意见》的有关 情况。6 月 13 日，深圳召开深入推进综 ...

Core Insights - Dongguan is establishing the "Guanqi Guanhuo Overseas Exhibition and Trade Center" to facilitate a normalized, international, and market-oriented pathway for enterprises to go global [1][3] - The center will be located in Hall 10 of the Guangdong Modern International Exhibition Center, focusing on eight core sectors including trendy toys, consumer electronics, and apparel [1][5] - The center is expected to open in August this year and aims to create a robust ecosystem that promotes trade and production integration [3][5] Summary by Sections - **Project Overview** - The "Guanqi Guanhuo Overseas Exhibition and Trade Center" is a significant initiative by Dongguan to build a new outward-oriented economic system [3] - The center will cover an area of 30,000 square meters and is positioned as the first integrated cross-border platform in the Guangdong-Hong Kong-Macao Greater Bay Area [5] - **Support and Development** - Dongguan's government will provide comprehensive policy support and funding to facilitate the project and enhance service systems for enterprises [3] - The project aims to leverage the existing network of over 600 quality exhibitors from the "Dongguan Guanqi Guanhuo Trade Fair" and a procurement network covering over 130 countries [5] - **Strategic Goals** - The center will adopt a "domestic exhibition + overseas nodes" dual-engine model to effectively meet global procurement demands [5] - The initiative is expected to contribute to stabilizing and optimizing the structure of Dongguan's foreign trade [5]