Core Insights - The Hengqin Free Trade Zone in Guangdong celebrated its 10th anniversary, showcasing significant growth in import and export activities, with a total value of 300.65 billion RMB projected from April 2015 to March 2025, and an expected value of 21.5 billion RMB for 2024 [1] - The integration of the Free Trade Zone and the Guangdong-Macau Deep Cooperation Zone has continuously released policy dividends, enhancing industrial vitality in Hengqin [1] - The implementation of innovative customs measures has facilitated the logistics of food products from Hengqin to Macau, with 3,512 tons of food shipped since the project's inception [1] Trade and Logistics - The logistics center in Hengqin has been pivotal in transferring essential goods to Macau, utilizing a "front store, back warehouse" model to alleviate storage issues in Macau [1] - As of April 22, 2024, 105 enterprises in the Hengqin-Macau Cooperation Zone have obtained tax exemption qualifications, with a significant increase in tax-exempt import and export value reaching 12.3 million RMB, a 10.6-fold growth [2] Transportation and Mobility - The policy changes since December 2016 have allowed Macau-registered vehicles to enter Hengqin, with the number of crossings increasing from approximately 20,000 in 2017 to about 1.58 million in 2024 [2] - By April 22, 2025, the Hengqin Customs had supervised around 918,000 vehicle crossings, with Macau-registered vehicles accounting for approximately 65.8% of this traffic, indicating a closer and more efficient connection between Hengqin and Macau [2]

Core Insights - The company launched a cross-border "Green Channel" leveraging over 40 overseas warehouses globally to facilitate seamless transfers and intelligent forecasting for merchants expanding into international markets [1] - The initiative targets key categories such as large home goods, 3D printers, and automotive parts, offering VIP pricing and up to 60 days of free rental [1] - In markets like Mexico and Vietnam, the company provides local warehousing and international freight services, supporting import and export services centered around Southeast Asia [1] - Qualified merchants can benefit from freight subsidies, priority warehousing, and a rapid 48-hour listing process [1]

以下文章来源于中金点睛 数字化投研平台 ，作者中金研究 第一期 对话普洛斯 嘉宾介绍 ENTERPRISE 杨敏 普洛斯中国高级副总裁，资本运营负责人 裴佳敏 中金公司不动产与空间服务行业分析师 SAC执证编号：S0080523050004 SFC CE Ref：BRY581 本期要点 ENTERPRISE 中金点睛 数字化投研平台 . 中金研究旗下一站式数字化投研平台 CICC REITs TALK 自2021年6月首批公募REITs产品上市以来，我们见证了REITs市场规模不断提升，资产品类持续丰富，制度建设逐步完善，吸引着更加多元的资金 进入。红利风格延续下，REITs作为另类高分红资产，也引起了越来越多投资者的关注。 在公募REITs产品上市四周年之际，我们隆重推出 CICC REITs TALK 系列栏目，邀请到业内资深专家与重磅嘉宾，深度对话，畅谈产业趋势和 REITs发展。 作为我国首批公募REITs之一和当前市值最大的物流仓储REIT，普 洛斯发行REITs初衷是什么？ 发行公募REITs对于普洛斯起到了哪些正向的影响和效果？ 如何看待当前物流仓储的竞争格局和未来的发展趋势？普洛斯作 为头部的 ...

海南日报讯(海南日报全媒体记者 刘梦晓)近日，来自东南亚、非洲的进口烟片、合成胶等多个橡 胶品类陆续进驻洋浦国际智慧供应链中心，标志着该中心已构建起高效便捷的橡胶物流通道，为海南自 贸港链接全球橡胶产业链注入强劲动能。 作为我国对外开放的重要门户，海南自贸港政策红利加速释放，正吸引东南亚、非洲等橡胶主要产 区的橡胶资源加速集聚。洋浦国际智慧供应链中心充分发挥"航运+港口+物流"三位一体资源优势，凭 借紧邻洋浦国际集装箱码头、毗邻西线橡胶加工产业带的独特区位，加速完善智慧物流系统建设，构建 起高效便捷的橡胶物流通道，将有效助力客户降低物流成本，提升产业链协同效率。 洋浦国际智慧供应链中心是海南自贸港首个绿色零碳智慧物流园区，具备上海期货交易所指定期交 仓、保税仓及出口监管仓、保税维修中心、港外箱管堆场、站外箱管堆场、新能源补给站六大功能。其 中，2.46万平方米的上海期货交易所指定期交仓是海南目前唯一具备天然橡胶期货交割资质的仓库，也 是省内单体面积最大的高标准仓库，可为全球橡胶贸易提供仓储保障。 该中心运营方海南港航物流有限公司凭借多年天然橡胶指定交割仓库运营经验，聚焦橡胶产业上下 游，借助海南岛内橡胶加工优 ...

涉及总金额5 2 4 . 7 1亿元人民币。 作者 | 私募通 来源 | 决策投资圈 （ID：PEDATAMAX） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，募资、投资、上市和并购共 1 5 7起事件，涉及总金额5 2 4.71亿人民币。从交易金额来看，本周金额较大事件是： 2 0 25年3月1 7日，中国远洋海运集团有限公司、深圳港集团有限公司、诺德基金管理有 限公司、财通基金管理有限公司、耿晓奇等投资中远海运特种运输股份有限公司3 5亿人 民币。从交易事件地域分布看，目前主要分布在江苏省、浙江省和广东省，占比为江苏 省17.2%，浙江省1 3 . 4%，广东省12.1%。 本周募资情况 本周新登记股权投资基金管理人共计1家，取消备案登记16家，全年截至目前累计股权投 资基金管理人数量为1 7家。本周新增备案基金数量为86只，规模总计2 8 5 . 2 7亿元，本周 备案基金募资最多的为北京经济技术开发区产业升级股权投资基金二期（有限合伙）， 募集40.01亿人民币。全年截至目前累计股权投资备案基金数量为8 5 8只，规模总计 6 3 13.87亿元。（2 0 2 5年3月14日 ...

Core Viewpoint - The completion of the merger between GCP International and Ares Management Corporation for a total transaction value of $5.2 billion highlights the ongoing interest in new economic asset investments globally, showcasing Prologis' mature capital operation model [1][2]. Group 1: Prologis' Capital Operation Model - Prologis is known for its keen market insight and efficient execution, achieving a core operating EBITDA of $2 billion over the past 12 months, with the recent transaction reflecting a PE ratio of nearly 30 times [2]. - The successful transaction is part of Prologis' strategy of "incubation-operation-monetization," which has established a high-efficiency capital appreciation model [2][3]. - Prologis has a history of significant asset transactions, such as acquiring IndCor for $8 billion in 2014 and later selling it for $18.7 billion, demonstrating its ability to create substantial asset value [2]. Group 2: Financial Impact and Business Focus - Following the merger, Prologis' net leverage ratio decreased from 27% to 24%, enhancing liquidity and allowing for a focus on high-growth areas [3]. - The international fund management business involved in the merger accounts for less than 10% of the group's core operating EBITDA, indicating a strategic shift towards optimizing the balance sheet [3]. Group 3: New Economic Infrastructure Investment Trends - New economic infrastructure remains a hot investment area, with significant transactions such as Blackstone's acquisition of AirTrunk for AUD 23.5 billion and BlackRock's $12.5 billion acquisition of GIP [4]. - Infrastructure assets, including logistics real estate and data centers, are increasingly favored by long-term capital due to their stable cash flows and high growth potential [4]. Group 4: Ares Management's Expansion - Ares Management indicated that the merger would expand its global real estate asset management platform, with expectations of a better fundraising environment by 2025 [5]. - The completion of the merger is expected to initiate fundraising for several private real estate equity funds in Japan, Europe, and the U.S. [5]. Group 5: Prologis' Focus on the Chinese Market - Prologis' international business transaction does not involve its Chinese assets, allowing it to strengthen its capabilities in the Chinese market, focusing on new economic infrastructure development [6]. - The company has a significant presence in China, covering 70 regions and managing over 450 logistics and industrial facilities, with a robust performance in logistics, data centers, and renewable energy [6][9]. Group 6: Logistics and Data Center Growth - The logistics sector is supported by strong macroeconomic and industrial demand, with a projected net absorption of over 12 million square meters in 2024 [7]. - The data center sector is experiencing explosive growth due to increased demand for private AI deployments, supported by favorable government policies in the renewable energy sector [7].

本周投资、上市和并购共1 30起事件，涉及总金额234.56亿元人民币。 作者 I PEDATA MAX 来源 I 清科研究 (ID：pedata2017） 清科创业（0 1 9 4 5 .HK）旗下私募通统计：截至本周五下午，投资、上市和并购共130起 事件，涉及总金额2 3 4 . 5 6亿人民币。从交易金额来看，本周金额较大事件是：2 0 2 4年1 2 月31日，不公开的投资者、Gol de n Li nk I nve stme nt Limit e d、国寿股权投资有限公 司、社保基金中关村自主创新投资基金（北京）合伙企业（有限合伙）、上海临港数科 创业投资合伙企业（有限合伙）等投资盛合晶微半导体（江阴）有限公司7亿美元。从交 易事件地域分布看，目前主要分布在广东省、上海市、江苏省及北京市，占比为广东省 和上海市并列第一，分别占比16.9%，江苏省1 6 . 2%，北京市11. 5%。 本周交易事件数量表 | 地域 | 室例数(記) | 占比 (%) | 额(万元) | | --- | --- | --- | --- | | 广东 | 22 | 16.9 | 147375.00 | | 下海 | 2 ...