（原标题：建设工业(002265.SZ)：暂未涉足基础设施建设领域） 格隆汇8月15日丨建设工业(002265.SZ)在互动平台表示，公司暂未涉足基础设施建设领域。 ...

（原标题：越秀交通基建(01052)将于11月27日派发中期股息每股0.12港元） 智通财经APP讯，越秀交通基建(01052)发布公告，该公司将于2025年11月27日派发中期股息每股0.12港 元。 ...

座谈会上，与会双方就近期济南城投集团实施的若干项目交换了意见，积极宣传了我行基础设施和涉农产业固定资产贷款的信贷政策，并针对马山乡村振兴 项目报批过程中出现的问题进行协商解决。会议最后双方达成初步战略合作意向，并表示近期签署战略合作协议。 在实地考察中，一行人先后走访了乐耕农业交流研发中心、主题农场、双泉庄村提升改造项目及松颂农场，直观感受了马山乡村振兴项目在农业研发、特色 产业培育、乡村环境改善等方面的实践成果，对项目的规划布局和建设进展有了更清晰的认识。 此次联合调研活动，不仅为省行营业部与济南城投集团搭建了深入沟通的平台，更对推动马山乡村振兴项目高质量发展具有重要意义，为后续双方深化合 作、共同助力乡村振兴奠定了坚实基础。（通讯员：梁晨） 8月14日上午，农发行山东省分行党委委员、营业部党委书记、总经理孙晓东，省行营业部党委委员、副总经理王振爱及相关人员前往长清区马山镇与济南 城市投资集团有限公司有关领导进行会谈，并参观马山乡村振兴项目现场。通过座谈交流与实地考察，深入了解项目进展，为乡村振兴事业共谋发展。 ...

Group 1 - The Tokyo International Conference on African Development (TICAD) will be held in Yokohama from August 20 to 22, focusing on supporting African development and enhancing cooperation between Japan and African countries [1] - Infrastructure development will be a core topic at the conference, addressing the critical funding gap in Africa's infrastructure, which amounts to $170 billion annually according to the African Development Bank [1] - The conference will also discuss regional economic integration and industrial diversification, emphasizing the strengthening of industrial ecosystems to achieve these goals [1] Group 2 - Morocco is a significant partner for Japan in the Maghreb region and Africa, with Japan being the fifth largest investor in Morocco, contributing $156 million in direct investment in 2018 [2] - The number of Japanese companies established in Morocco has doubled from 35 to 70 in recent years, particularly in the automotive and renewable energy sectors [2]

Group 1: Fixed Asset Investment - National fixed asset investment from January to July increased by 1.6% year-on-year, a decline of 1.2 percentage points compared to the first half of the year [1] - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) grew by 3.2% year-on-year, down 1.4 percentage points from the first half of the year [1] Group 2: Infrastructure Investment Outlook - The Central Political Bureau emphasized the need for macro policies to continue to exert force and to implement more proactive fiscal policies and moderately loose monetary policies [2] - Infrastructure investment is expected to accelerate, with an annual growth rate projected at around 6.0%, an increase of 1.6 percentage points compared to the previous year [2] - Changes in infrastructure investment include a shift in funding sources, with local special bonds facing constraints, while long-term special government bonds provide support [2] Group 3: Real Estate Investment - Real estate development investment from January to July decreased by 12.0% year-on-year, with the decline widening by 0.8 percentage points compared to the first half of the year [3] - The area of housing under construction fell by 9.2%, and the area of new commercial housing sold decreased by 4.0% [3] - The expected annual decline in real estate investment is projected to be around 9.0%, a reduction of 1.6 percentage points compared to the previous year [3] Group 4: Manufacturing Investment - Manufacturing investment from January to July increased by 6.2% year-on-year, although this represents a decline of 1.3 percentage points compared to the first half of the year [3] - The manufacturing sector is transitioning from quantitative expansion to qualitative development, with expectations of a shift from high-speed to medium-speed growth [4] - The annual growth rate for manufacturing investment is anticipated to be around 6.0%, down 3.2 percentage points from the previous year [4]

Group 1 - The core viewpoint of the report indicates that Cheung Kong Infrastructure's net profit for the first half of the year is HKD 4.35 billion, with core net profit growing by 2% year-on-year to HKD 4.28 billion, meeting market expectations, driven by strong performance in the UK business [1] - The report anticipates that in the upcoming reset period, more favorable terms will drive single asset profit growth, with the group expected to achieve an annual profit growth of 9% to 10% over the next 2 to 3 years [1] - The earnings per share forecast for the company from 2025 to 2027 has been revised down by 4% to 5%, with the target price slightly reduced from HKD 60.2 to HKD 60, while maintaining a "neutral" rating [1] Group 2 - Cheung Kong Infrastructure Group (01038.HK) plans to hold a board meeting on August 13 to approve its interim results [2] - Huatai Securities has initiated coverage on Cheung Kong Infrastructure Group, giving a target price of HKD 64.73 and a "buy" rating [2]

Core Viewpoint - The meeting between China Communications Construction Group (CCCC) and the Beijing Xicheng District government focuses on collaboration in transportation infrastructure, urban renewal, smart city development, and digital transformation. Group 1: Company Overview - CCCC's Chairman, Song Hailiang, expressed gratitude for the support from Xicheng District and highlighted the company's commitment to supporting the capital's development in line with national directives [3]. - CCCC aims to leverage its integrated advantages in various sectors, including transportation, urban development, and digital innovation, to address pressing issues in Xicheng District [3]. Group 2: Government Perspective - Xicheng District's Deputy Secretary and Mayor, Zhi Haijie, acknowledged CCCC's contributions to the district's socio-economic development and emphasized the importance of optimizing local services for enterprises [4]. - The district is focused on high standards and practical measures to enhance residents' well-being and is committed to fostering a collaborative environment with CCCC in urban renewal and smart transportation [4].

Group 1: Market Overview - The Hang Seng Index rose by 643 points, closing at 25,613, marking a three-day cumulative increase of 754 points [3][4] - The trading volume for the day increased to HKD 28.4 billion, with a net outflow of HKD 8.277 billion from northbound trading [3] Group 2: Sector Performance - Among 85 blue-chip stocks, 79 saw an increase, with technology stocks leading the market rally [4] - Notable gains included Tencent up 4.7% to HKD 586, Alibaba up 6.1% to HKD 123.7, and Meituan up 4.1% to HKD 124.3 [4] Group 3: Economic Indicators - The Hong Kong Monetary Authority intervened in the currency market, buying over HKD 7.065 billion to defend the peg against the US dollar [8] - The banking sector's specific classified loan ratio was reported at 1.97%, indicating manageable credit risk despite pressures from commercial real estate [7] Group 4: Company-Specific News - Yanzhou Coal Mining Company expects a 38% decrease in net profit for the first half of the year, projecting around RMB 4.65 billion due to falling coal prices [11] - CK Infrastructure reported a slight increase in interim profit of 0.9% to HKD 4.348 billion, with a revenue increase of 6.65% [12] - Power Assets Holdings saw a 1.2% increase in interim profit to HKD 3.042 billion, despite a 22.47% decrease in revenue [13] Group 5: Regulatory Developments - China plans to enhance regulations on smart connected vehicles, focusing on software updates and advertising practices [10]

Group 1 - The year 2025 is identified as a global "tax year," with increased focus on taxation by major governments like the US and China, indicating a trend of heightened tax collection efforts [2][3][6] - The global fiscal consolidation phase post-pandemic is characterized by rising search interest in tax-related topics, particularly in the context of the US implementing reciprocal tariff policies [3][6] - The US and China are both enhancing their tax collection mechanisms, with the US raising tariffs and China integrating data across departments to strengthen tax compliance [6][9] Group 2 - The US has a clear inverse relationship between fiscal and monetary policies, expanding during economic downturns and contracting during recoveries, as seen in the aftermath of the 2008 financial crisis and the 2020 pandemic [6][8][15] - The Biden administration's approach to inflation includes aggressive interest rate hikes and a mix of fiscal tightening, which has led to a soft landing for the economy [8][19] - Trump's fiscal policy aims to reduce deficits and restructure spending while increasing tariffs, potentially generating $200 billion annually from tariffs [8][19] Group 3 - China's fiscal and monetary policies have not exhibited the same clear inverse relationship as the US, with significant expansions during crises but facing challenges in managing debt and economic pressures post-2014 [9][12][30] - The real estate sector in China has faced significant corrections, with prices and investments dropping over 30% from 2021 to 2024, indicating a shift towards fiscal tightening [12][14] - The macroeconomic environment in China suggests a need for continued expansionary policies to address high inventory levels and low consumer prices, despite recent tightening measures [13][14][30] Group 4 - The concept of macroeconomic policy as a counter-cyclical measure is emphasized, with the government needing to support private sectors during downturns while managing public debt levels [31][32] - The effectiveness of fiscal policies is questioned, particularly regarding their ability to directly improve private sector balance sheets during economic slumps [35][36] - Recommendations for macroeconomic policy include timely monetary easing and direct fiscal support to households to alleviate debt burdens and stimulate consumption [38][40][41]

本文源自：金融界 作者：行情君 资料显示，中国交通建设股份有限公司(以下简称"中交集团")是全球领先的特大型基础设施综合服务商, 主要从事交通基础设施的投资建设运营、装备制造、城市综合开发等,为客户提供投资融资、咨询规 划、设计建造、管理运营一揽子解决方案和综合一体化服务。中交集团所属中国交建在香港、上海两地 上市,公司盈利能力和价值创造能力在全球同行中处于领先地位。目前,中交集团是世界最大的港口设计 建设公司、世界最大的公路与桥梁设计建设公司、世界最大的疏浚公司、世界最大的集装箱起重机制造 公司、全球领先的海上钻井平台设计公司和设备提供商;是亚洲最大的国际工程承包公司、中国最大的 高速公路投资商。 *注：AH股是指同时在A股和港股上市的公司，溢价（A/H）越大，说明H股相比A股越便宜。 8月13日，上证指数涨0.48%，收报3683.46点，恒生指数涨2.58%，收报25613.67点。 中国交建AH溢价达74.55%，位居AH股溢价率第44位。当日收盘，中国交建A股报9.27元，跌幅 0.32%，H股报5.81港元，上涨0.17%。 ...