市场监管总局有关司局负责人表示，截至2023年，各类网络拍卖活动的年成交规模已超万亿元，成 为非标资产交易的重要方式，在盘活存量资产、提高要素配置效率、完善现代流通体系等方面作用明 显，对稳增长、促消费、扩就业有积极影响。但是，由于《中华人民共和国拍卖法》《拍卖管理办法》 《拍卖监督管理办法》《文物拍卖管理办法》等制定时间较早，未对网络拍卖作出明确规定。部分主体 资质不合规、业务开展不规范、监管制度不完善、诚信体系待加强等问题日渐突出。 《指导意见》明确提出坚持拍卖监管制度的一致性，网络拍卖应当遵守拍卖法律法规，网络拍卖平 台经营者要履行拍卖许可、文物拍卖资质核验等主体责任。同时，还提出鼓励网络拍卖市场创新发展， 推动建立相关部门间信息共享、执法联动工作机制，加强部门协作，加强监管政策统筹协调等具体意 见。 央广网北京5月22日消息（记者 邵蓝洁）"现场与网络同步拍卖""直播拍卖""网络竞价"等新形式、 新业态不断出现，如何对网络拍卖新形式进行有效监管备受关注。央广网记者从市场监管总局获悉，年 成交规模超万亿元的网络拍卖领域迎来了第一个规范性文件。 近日，市场监管总局、商务部、国家文物局三部门联合印发《关于促 ...

中经记者 庄灵辉 卢志坤 北京报道 一二线优质地块供应放量背景下，2025年上半年土拍市场出现较明显升温。 日前，多家市场机构发布的最新数据显示，2025年上半年，一二线城市住宅用地成交面积及土地出让金 同比均实现增长，部分城市上半年土地出让金已接近去年全年水平。多宗地块高溢价成交带动下，全国 300城经营性土地平均成交溢价率较去年上半年实现翻番增长。 "今年以来，头部房企投资策略趋于一致，拿地进一步聚焦核心城市，叠加核心城市优质地块供应力度 加大，带动全国300城土地出让金增长明显。"中指研究院指数研究部总经理曹晶晶告诉《中国经营报》 记者，尽管今年上半年全国300城住宅用地成交面积同比有所下降，但出让金同比增长超27%，且进一 步集中，前20名城市宅地出让收金占全国300城的比重已接近70%。 土地出让金同比增长 2025年上半年，全国土拍市场基本延续"缩量提质"态势，多数城市土地供应量同比有所下降，但优质地 块供应量有所增加。 根据中指数据，2025年上半年，全国300城各类用地推出规划建筑面积为10.8亿平方米，同比下降 11.6%，成交9.3亿平方米，同比下降7.7%。其中，住宅用地推出规划建筑面积 ...

证券研究报告|固收研究报告 [Table_Date] 2025 年 7 月 7 日 [Table_Title] 上半年，京沪杭蓉领跑土拍市场 [Table_Summary] ►上半年，土地出让金止跌转增，城市间分化明显 连跌四年后，今年 1-6 月土地出让金 1.19 万亿元，同比增长 12%，迎来拐点。重点城市拉动明显，出让金 TOP3、TOP5、 TOP15 的城市占据全国 1/4、1/3、1/2 的市场份额，较去年同 期有 6-9 个百分点的提升。 具体城市上，杭州、北京、上海、成都与其他城市拉开较大差 距，出让金、溢价率双高，扣除这四城后，1-6月出让金同比增 长 0.4%。扣除出让金 TOP15 城后，1-6 月出让金下滑 6%。 ►下半年，核心城市供地力度可能减弱，关注上海 7 月 土拍 根据供地数据，7 月供地起始价 2142 亿元，同比下滑 11%，环 比下滑 29%，整体供地力度已经减弱。 热门城市供地热度能否延续？从起拍价超过 20亿元的高价地块 供给来看，7 月高价地主要集中在上海，别的热门城市供地数 量较少。7 月上海供地起始价同比大幅增长 156%，环比增长 18%，推地涉及南京西路 ...

年轻人的消费观，正悄然改变着中国市场的格局。周末假日，熙攘的商场里，年轻男女手持奶茶，低头刷着手机，网红店前人潮涌动，他们构成了消费市场 的主力军，以蓬勃的活力推动着消费升级。然而，这股青春风暴却给一些传统产业带来了寒流。曾经备受推崇的白酒、邮票、红木家具等，如今却在年轻一 代面前遭遇了"滑铁卢"，市场遇冷，销量下滑。这究竟是为何？ 因此，白酒、红木家具等非必需品若继续坚持高价策略，在这个新一代消费者逐渐占据主导地位的市场中，注定难以长久生存。 信息来源: (此处补充具体信息来源，例如新闻链接、学术报告等) 让我们先从白酒说起。在中国，白酒拥有悠久的历史，曾是人际交往的润滑剂，逢年过节、商务宴请，总少不了它的一席之地。几千年来，独特的酒桌文 化，将劝酒、敬酒甚至拼酒，塑造成了某种社交"潜规则"。然而，这种潜规则如今却在年轻人中日渐式微。数据显示，2000年至2015年间，20多岁饮用白酒 的比例逐年下降，到2020年已不足10%，且仍在持续下滑。白酒产量也应声减少，同比下降近30%。茅台等龙头企业也未能幸免于跌价的浪潮。白酒市场， 已不再是昔日盛景。 白酒的困境并非个例。曾经在拍卖行拍出天价的字画古董，如今也 ...

Core Viewpoint - The article discusses the implementation of the Administrative Penalty Discretionary Standards by the Shanxi Provincial Department of Commerce, aimed at standardizing the exercise of administrative penalty discretion in the province [3]. Group 1: Administrative Penalty Discretionary Standards - The new standards are effective for five years starting from the date of issuance, replacing the trial version that was implemented on February 1, 2023 [3]. - The standards outline various illegal behaviors, the corresponding legal basis for penalties, discretionary circumstances, and factors influencing the penalties [4]. Group 2: Specific Violations and Penalties - For foreign investors or foreign-invested enterprises failing to report investment information as required, penalties range from CNY 100,000 to CNY 500,000 depending on the severity and whether the violation is repeated [4]. - Penalties for unauthorized recycling of scrapped vehicles include fines ranging from CNY 50,000 to CNY 100,000, with additional measures such as confiscation of illegally obtained scrapped vehicles [6]. - The standards also address violations related to auction activities, with penalties including fines from CNY 10,000 to CNY 30,000 for failing to comply with auction regulations [7].

以下文章来源于橄榄文艺 ，作者M 橄榄文艺 . 敬请关注《橄榄文艺》，欣赏经典艺术，了解当代艺术，把握艺术展览动态 ，关注青年艺术家成长。 作者 | M 来源 | 橄榄文艺 导语：继去年从私人信贷机构获得了28亿港元贷款后，侨福又于今年5月从太盟投资集团 （PAG）获得了3亿港元的私募信贷资金，这笔期限仅为9个月的过桥贷款，年利率高达 11%-16%，可见其正面临严峻的流动性危机。 金融压力之下 另辟蹊径 北京侨福芳草地 在香港楼市持续低迷、资金链紧绷的背景下，许多地产大亨正试图将手中"看得见、摸得 着"的艺术收藏变现。 近期，一宗颇受关注的融资尝试无疾而终——香港侨福集团（Parkview Group）原本计 划将包括安迪·沃霍尔、毕加索、达利、岳敏君、齐白石、赵无极等艺术家的逾200件作 品，作为抵押品向苏富比申请贷款，却最终因物流与仓储安排过于复杂而未果。 这场未竟的合作，不仅暴露出艺术品融资中难以回避的现实问题，也反映了当下这一金 融工具在全球范围内的热潮与边界。 萨尔瓦多·达利的雕塑作品《柔软的钟》 位于北京侨福芳草地 作为曾经雄霸一方的香港地产大亨，侨福近年来频频传出资金吃紧的消息。去年年末， 有 ...

上半年，国内船舶拍卖市场延续回升态势，全国公开拍卖船舶423艘次，成交181艘次，同比分别增长 57.2%和69.2%，总成交价约20亿元，同比增幅达62.3%。其中，司法拍卖表现尤为亮眼，成交139艘 次、金额4.38亿元，同比激增247.5%和140.2%；商业拍卖虽成交量下滑，但因高价值船舶交易占比高， 成交额达14.6亿元，同比增长42.1%。 市场分化特征显著 国际航线船型活跃。海岬型船受铁矿石价格波动影响租金大幅震荡，带动5万吨级以上干散货船询盘量 上升。 受国内经济转型影响，航运企业亏损面扩大导致司法处置船舶激增。加之今年上半年司法拍卖平台集中 上架较多游船、客船，推高了司法拍卖船舶总量。上半年司法拍卖占比达总成交额的27.3%，较去年同 期提升14.1个百分点，扭转连续四年萎缩态势。天津、宁波海事法院成交额居前，其中天津海事法院单 笔成交1.27亿元。 不过，由于游船、客船相对价值较低，司法拍卖成交额增幅有限。 | 海事法院 | | 2025年1-6月 | | | 2024 年 1-6 月 | | | --- | --- | --- | --- | --- | --- | --- | | (按 ...

6月27日，杭州举行上半年土拍"收官之战"，共推出6宗住宅地块，总起价115.9亿元，最终揽金151亿 元，平均溢价率高达30.5%，最高溢价率达67.6%。据中指研究院统计，截至目前，上半年杭州宅地土拍 共揽金1160亿，接近去年全年宅地出让金水平（1169亿元）。 ...

Core Insights - The recent spring auction by Zhongtrade Shanjia achieved a total transaction amount exceeding 900 million yuan, with a transaction rate of 76% and three "white glove" sessions, highlighting the growing interest in the rare meteorite market in China [1][3] Industry Overview - The meteorite market in China is relatively new, having developed over the past decade, and is considered a value underestimation by industry experts [1][3] - The global collection and classification of meteorites number in the tens of thousands, with the total amount being less than the annual production of gold [2] - Meteorites are categorized into three main types: stone meteorites (94.8%), iron meteorites (4.8%), and stony-iron meteorites (0.6%), with the latter being the rarest [2] Auction Highlights - The spring auction featured 99 high-quality meteorite pieces, including those from the Moon and Mars, each with unique stories [3] - The auction emphasized both the scientific attributes and artistic value of meteorites, attracting a diverse audience, including students [4][5] Scientific and Cultural Significance - Meteorites are considered "living fossils" that carry information from outer space, playing a crucial role in research related to the universe, planetary formation, and the origins of life [6] - The increasing interest in meteorites among students indicates a growing public engagement with space science and exploration [5][6] Investment and Collecting Trends - The rarity and aesthetic appeal of meteorites contribute to their investment value, with a limited number available for market circulation [7][8] - The market for meteorites is expected to grow as collectors' knowledge increases, despite the current lack of widespread understanding [8] Authenticity and Safety - Guidelines for identifying genuine meteorites include examining the fusion crust, surface gas impressions, internal metal content, magnetic properties, and specific gravity [8] - Concerns about radiation from meteorites have been addressed, confirming that they pose no harm to humans due to low levels of radioactive elements [9]

Financial Data and Key Metrics Changes - The company achieved nearly $75 billion in GMV for the full year 2024, marking three consecutive quarters of year-over-year GMV growth [32][44] - Revenue increased by 2% on an organic FX neutral basis, with non-GAAP earnings per share rising 15% year-over-year to $4.88 [45] - The company generated approximately $2 billion in free cash flow and returned $3.7 billion to shareholders through repurchases and cash dividends [45] Business Line Data and Key Metrics Changes - GMV from focus categories grew 5% year-over-year on an FX neutral basis, with Motors, Parts, and Accessories being the largest category, generating over $10 billion in GMV [34] - Collectibles, particularly trading cards, showed strong results, accelerating for the ninth consecutive quarter in Q1 2025 [35] - The advertising business continued to grow, with enhancements made to advertising solutions and a redesigned first-party dashboard [39] Market Data and Key Metrics Changes - The marketplace ended 2024 with 2.3 billion live listings and 134 million active buyers across more than 190 markets worldwide [44] - The UK market saw improvements in the C2C experience, including the elimination of selling fees and streamlined shipping, contributing to stronger GMV [37] Company Strategy and Development Direction - The company aims to transform eBay into a leading destination for enthusiasts, focusing on delivering highly relevant experiences and scalable solutions [30][33] - Investments in AI infrastructure and tools are being made to enhance the buying and selling experience, including AI-powered features for sellers [41][42] - The company is committed to sustainability and the circular economy, generating significant positive economic impact through pre-owned goods [47][48] Management's Comments on Operating Environment and Future Outlook - The management highlighted the resilience of the business model amid a dynamic macro environment and emphasized the importance of innovation [31][45] - The company is focused on long-term value creation and community engagement, with a mission to connect people and create economic opportunities [46][49] Other Important Information - The company achieved its goal of using 100% renewable electricity across all offices and data centers one year ahead of schedule [48] - The board recommended against stockholder proposals regarding special meeting rights and director election resignation policies [20][26] Q&A Session Summary - No relevant and appropriate questions were submitted during the Q&A session, leading to the conclusion of the meeting [53]