Market Overview - The professional services sector increased by 0.5% on September 16, with Xince Standard leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Top Performers - Xince Standard (300938) closed at 25.90, up 5.28% with a trading volume of 175,400 shares and a turnover of 446 million [1] - Anbang Guard (603373) closed at 52.50, up 4.42% with a trading volume of 27,300 shares and a turnover of 142 million [1] - Keri International (300662) closed at 30.58, up 2.65% with a trading volume of 55,600 shares and a turnover of 2.697 million [1] Underperformers - Guoyi Indicators (631039) closed at 14.49, down 4.67% with a trading volume of 78,700 shares and a turnover of 115 million [2] - Guangdong Construction Science (301632) closed at 32.41, down 2.41% with a trading volume of 76,800 shares and a turnover of 249 million [2] - China Steel Tianyuan (002057) closed at 11.05, down 1.34% with a trading volume of 368,700 shares and a turnover of 405 million [2] Capital Flow - The professional services sector experienced a net outflow of 188 million from institutional investors, while retail investors saw a net inflow of 215 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors are increasing their positions [2] Individual Stock Capital Flow - Fengshang Culture (300860) had a net inflow of 17.6 million from institutional investors, while retail investors had a net outflow of 20.4 million [3] - Keri International (300662) saw a net inflow of 13.8 million from institutional investors, with retail investors experiencing a net outflow of 10.3 million [3] - Anbang Guard (603373) had a net inflow of 8.6 million from institutional investors, while retail investors had a net outflow of 3.5 million [3]

Core Insights - The proposed 1% remittance tax in the U.S. by 2026, combined with stricter immigration policies from the Trump administration, is expected to significantly impact remittance flows to Latin America, particularly affecting Central American countries that heavily rely on these funds [1] Remittance Tax Impact - The remittance tax is projected to have a relatively small effect on the total remittance volume, with an average decrease of only 0.38% for the four countries analyzed if the receiving parties bear the full tax burden [1] - However, the combination of the tax and stricter immigration policies may exacerbate the reduction in remittances [1] Financial Loss Estimates - Guatemala is expected to lose approximately $9.59 million, El Salvador $3.01 million, Colombia $2.03 million, and Mexico, despite a smaller percentage decrease of 0.33%, will see an absolute loss of $207.8 million [1] Immigration Structure - Mexico has the highest number of undocumented immigrants at 4.3 million, while Central American countries have a higher proportion of undocumented immigrants, making them more vulnerable to changes in remittance flows [1] - Guatemala and El Salvador each have 850,000 undocumented immigrants, with remittances constituting a significant portion of household income [1]

Core Viewpoint - The professional services sector experienced a decline of 0.76% on September 12, with Shijiazhuang Testing leading the losses [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3883.69, up 0.22% [1] - The Shenzhen Component Index closed at 12996.38, up 0.13% [1] Group 2: Capital Flow - The professional services sector saw a net outflow of 48.79 million yuan from main funds [2] - Retail investors experienced a net outflow of 22.27 million yuan [2] - Speculative funds recorded a net inflow of 71.06 million yuan [2]

以"数智领航，服贸焕新"为年度主题的本届服贸会10日在北京启幕，80余个国家和国际组织设展办会， 近2000家企业线下参展。 展厅外，各色旗帜飘扬在首钢园的钢铁森林间；展厅内，世界各地的展品琳琅满目。一幅全球携手开放 合作、互利共赢的图景正生动展开。 新华社北京9月11日电 题：中国服贸会汇聚共赢发展的全球和声 新华社记者褚萌萌、张骁、陆芸 金秋九月，来自斯洛伐克的约翰·拉雅克在第一次中国之旅中收获着希望。 作为一家建筑公司的首席执行官，拉雅克计划以2025年中国国际服务贸易交易会为契机开拓中国市场。 他在调研后带来一份意向合作名单，期待为有意赴斯投资的中国企业提供一站式服务。 "中国对我们来说是全新的市场，但我对我们的方案有信心。"拉雅克说。 "朋友圈"持续扩容 在传统与现代交织的伊朗馆，一侧摆满极具波斯风情的地毯、绘画等手工艺品，另一侧则展示着该国发 展成就和投资机会，拥有钢铁、石化、物流等产业的伊朗恰巴哈尔自贸区赫然在列。 "这是我们第一次来中国参展，希望让全世界看到我们的能力，吸引更多投资者。"该区管理发展副主任 亚尔·穆罕默德·侯赛因博尔说，特别希望在城市规划、基础设施建设等领域得到中国企业的帮助。 ...

Core Insights - China's service trade is accelerating its transformation from traditional sectors to high value-added areas, enhancing domestic economic growth and improving the ability to provide high-quality innovative services to international partners, thereby stimulating global service trade cooperation potential [1][2] Group 1: Australia-China Cooperation - Australia is the guest country at the 2025 China International Service Trade Fair, with nearly 60 institutions and enterprises participating, reflecting the increasingly close cooperation between Australia and China in the service trade sector [1] - The Australia-China economic relationship has maintained strong growth, with China being Australia's largest trading partner for 16 consecutive years [1] Group 2: Professional Services and Trade Relations - The Australian Accounting Association aims to achieve three positive outcomes from the trade fair: strengthening trade relations in professional services, expanding cross-border cooperation opportunities, and deepening knowledge and experience exchange with Chinese partners [2] - The import and export of knowledge-intensive services in China reached 1,502.54 billion yuan in the first half of the year, showing a year-on-year growth of 6.0% [2] Group 3: Innovation and Global Influence - China's emphasis on transitioning its economy from traditional industries to high value-added sectors reflects its focus on innovation and advanced industries [2] - As the world's second-largest economy, China is increasingly influential in the global market, playing a key role in promoting innovation and the development of global service trade [2] Group 4: Event Highlights - The 2025 Service Trade Fair, themed "Digital Intelligence Leading, Service Trade Renewed," will take place from September 10 to 14 in Beijing, with expectations for further development and more business opportunities for international exhibitors and visitors [2]

"伴随中国企业全球化进程深入，出海过程中面临的合规、并购及税务等挑战亟需专业服务机构护 航。"致同中国主席、首席合伙人李惠琦在联合倡议启动仪式致辞时说，将持续整合全球网络与本土经 验，深化中澳专业服务协作，为中国企业"走出去"提供坚实支持。 李惠琦表示，将积极参与财金人才能力建设，通过联合研究、智库共建和教育资源共享，培养具备科技 前瞻性与可持续领导力的新一代专业人才。(完) （文章来源：中国新闻网） 澳洲会计师公会全球会长兼董事会主席戴尔·平托(中文名戴宾图)表示，作为2025年服贸会主宾国，澳大 利亚参展规模空前，组织近60家机构和企业组成澳大利亚国家馆。这充分体现出澳中两国在服务贸易领 域的合作日益紧密，传递了两国致力于深化伙伴关系的积极信号。 戴宾图说，澳洲会计师公会希望本届服贸会能带来三方面积极成果：一是加强澳中在专业服务等领域的 贸易关系，促进两国共同繁荣发展；二是拓展企业与机构未来跨境合作机会，包括更好地助力中国企业 在全球拓展；三是深化与中国合作伙伴的专业知识与经验交流，培养国际认可、面向未来的人才。 中新网北京9月10日电(记者张素)以"数智领航，服贸焕新"为年度主题的2025年中国国际服务 ...

Group 1 - The event held in Melbourne, Australia, on October 10, 2025, is the first overseas sub-forum of the China International Fair for Trade in Services (CIFTIS), aimed at enhancing the international influence of the fair and promoting cooperation between China and Australia in the service trade sector [1] - China has been Australia's largest export destination for services for several consecutive years, with Australia's service exports to China reaching 16.8 billion AUD in 2024, accounting for 13.3% of Australia's total service trade exports [1] - Nearly 60 Australian exhibitors participated in the fair this year, emphasizing the importance of collaboration in addressing common challenges and building a sustainable future [1] Group 2 - The Bank of China is the exclusive partner of the event, with its Sydney branch's vice president stating that Australia's status as the guest country at the fair is a clear indication of the ongoing development of service trade relations between the two countries [2]

Group 1 - The core message highlights Chengdu's efforts to enhance its international trade capabilities and support local enterprises in expanding overseas through the establishment of a comprehensive service center for outbound enterprises [1][2][3] - Chengdu's import and export volume reached nearly 500 billion yuan with a year-on-year growth of 6.8% in the first seven months of this year, showcasing its pivotal role in the province's foreign trade [2] - The city has seen a significant increase in foreign direct investment (FDI), amounting to 9.5 billion USD, which is a 9.2% increase year-on-year and accounts for 72.5% of the province's total [2] Group 2 - The establishment of the Chengdu Enterprise "Going Out" Professional Service Alliance and the "Open Chengdu" overseas partner program aims to facilitate better connections between local enterprises and international markets [3][4] - Chengdu's international logistics network has expanded significantly, with 81 regular international and regional cargo routes, making it a key hub in the Midwest region [7][8] - The city has implemented six major actions under the "Rongpin Going Out" initiative to provide comprehensive support for enterprises, including export subsidies and market expansion [8]

Core Insights - The Hong Kong Trade Development Council (HKTDC) has established the "Hong Kong Pavilion" at the China International Fair for Trade in Services (CIFTIS) for the 12th consecutive year, aiming to showcase Hong Kong's unique advantages as a service trade hub and facilitate local businesses in expanding into mainland China [1][2] Group 1: Pavilion Highlights - The "Hong Kong Pavilion" features an immersive design that symbolizes Hong Kong's vibrant development and the promising future of Beijing-Hong Kong cooperation [1] - The pavilion showcases award-winning works from Hong Kong designers across three main themes: culture and creativity, innovation and technology, and green sustainability, emphasizing Hong Kong's role as an ideal platform for transforming design concepts into marketable products [1][2] Group 2: Activities and Engagement - The HKTDC has organized a series of activities during the fair, including an opening ceremony, multiple business matching sessions, and thematic sharing events, to create a platform for cooperation between Beijing and Hong Kong service industries [2][3] - High-quality sharing sessions will be held, featuring representatives from the Hong Kong government, higher education institutions, and key enterprises, focusing on topics such as finance, talent, market, and supply chain [2] Group 3: Strategic Cooperation - The fair will also host a "Beijing-Hong Kong Enterprise Service Cooperation Matching Session" to connect biotech and tech innovation companies from Beijing with Hong Kong's professional service institutions and investment platforms, facilitating access to global capital and market opportunities [3] - Hong Kong's service industry accounts for over 90% of its GDP, positioning it as a leading economy in service sector dominance, with potential for enhanced collaboration with mainland China in various fields including finance, technology, healthcare, and cultural creativity [3]

Core Insights - China's service trade is accelerating its transformation from traditional sectors to high value-added areas, enhancing domestic economic growth and improving the ability to provide high-quality innovative services to international partners, thereby stimulating global service trade cooperation potential [1][2] Group 1: Australia-China Cooperation - Australia is the guest country at the 2025 China International Service Trade Fair, with nearly 60 institutions and enterprises participating, reflecting the increasingly close cooperation between Australia and China in the service trade sector [1] - The Australia-China economic relationship has shown strong development momentum, with China being Australia's largest trading partner for 16 consecutive years [1] Group 2: Professional Services and Trade Relations - The Australian Accounting Association aims to achieve three positive outcomes from the trade fair: strengthening trade relations in professional services, expanding cross-border cooperation opportunities, and deepening knowledge and experience exchange with Chinese partners [2] - In the first half of the year, China's knowledge-intensive service imports and exports reached 1,502.54 billion yuan, a year-on-year increase of 6.0%, indicating a strong push towards high value-added sectors [2] Group 3: Global Market Influence - As the world's second-largest economy, China is increasingly influential in the global market, playing a crucial role in promoting innovation and the development of global service trade [2] - The 2025 service trade fair, themed "Digital Intelligence Leading, Service Trade Renewing," is expected to create more business opportunities for international exhibitors and visitors [2]