小商品城：拟设立香港全资子公司并申请香港TCSP牌照 通过"义支付"平台为跨境贸易提供担保支付等 金融解决方案 智通财经6月18日电，小商品城(600415.SH)公告称，为借助香港金融生态优势，公司全资子公司浙江迅 弛数字科技有限公司（"义支付"母公司）拟在香港设立两家全资子公司。其中，迅弛香港有限公司注册 资本5000万港元，由其再投资设立迅弛香港东方有限公司（注册资本1000万港元），后者将作为香港 TCSP牌照（信托或公司服务提供者牌照）申请主体。公告显示，此次投资旨在提升对中小微企业的跨 境金融服务能力，通过"义支付"平台为跨境贸易提供资金托管、担保支付及定制化金融解决方案，推动 其从支付工具升级为综合金融服务平台。公司称该举措符合全球化发展战略，但子公司设立及牌照申请 仍需通过香港相关部门审查，存在不确定性。 ...

Group 1 - In May, Guangdong Province had the highest number of newly registered business entities, totaling 270,167, a decrease of 52,000 from the previous month [2] - The top ten provinces for new business registrations included Hubei, Henan, Zhejiang, Shandong, Jiangsu, Hunan, Hebei, Fujian, and Sichuan [2][3] - Overall, the top ten provinces accounted for over 60% of the national new business registrations [3] Group 2 - Hubei Province recorded the fastest year-on-year growth in new business registrations at 8.33%, although this was a significant drop from the previous month's 26.10% [5] - Only six provinces experienced positive year-on-year growth in May, with the top ten growth rankings including Hubei, Hunan, Liaoning, Beijing, Shaanxi, Fujian, Shandong, Guangdong, Guangxi, and Zhejiang [5] Group 3 - The retail sector had the highest number of new business registrations in May, with 191,800 new entities, representing a year-on-year growth of 17.19% [7] - Other sectors with significant new registrations included wholesale, business services, technology promotion and application services, software and information technology services, construction and decoration, cultural arts, agriculture, professional technical services, and real estate [7] - The technology promotion and application services sector saw the fastest growth at 25.83% year-on-year [7] Group 4 - In May, the capital market financing demand decreased, with a total of 260 financing events and a total financing scale of 20.578 billion [9] - The manufacturing sector had the highest financing scale at 11.752 billion, accounting for 57.11% of the total [9] - The electricity, gas, and water production and supply sector received 3.217 billion, making up 15.63% of the total financing [9] Group 5 - In terms of regional financing, economically developed southeastern coastal provinces led in financing scale [10] - Jiangsu had 44 financing events with a total scale of 3.693 billion, while Shanghai achieved a financing scale of 3.042 billion [11] - The financing rounds showed that public offerings accounted for 24.22% of the total financing, with D-round financing at 21.59% and A-round financing at 14.26% [11]

小商品城 20250612 摘要 小商品城被长江零售组选为金股，反映其核心竞争力和创新模式获得认 可。义乌市作为外贸市场，人口持续净流入，人均 GDP 较高，显示城市 活力。2024 年底承担国家新一轮综合外贸改革试点，将增强其国际贸 易地位。 中国进口业务经历了跨境电商保税进口模式的试点和推广，如天猫海外 旗舰店等受益于政策红利。目前进口复合增速低于出口，但消费品进口 占比提升，与发达国家相比仍有增长空间。 中国消费品进口主要通过一般贸易、跨境电商和灰色通道完成，但存在 境外主体限制、个人使用限制以及监管难度等局限性。跨境电商自 2015 年以来快速发展，但 2020 年后增长放缓，受流通范围、消费金 额和监管体系制约。 义乌深化国际贸易改革试点聚焦进口贸易创新，旨在实现贸易数字化和 支付结算。小商品城作为试点企业，其模式允许更流畅的物流和创新监 管，并允许线下商品流通和二次贸易，适用于中国线下分销体系。 Q&A 小商品城在进出口贸易中的发展态势如何？其商业模式的深化对全年业绩和成 长性有何影响？ 小商品城在进出口贸易中的发展态势表现出显著的增长潜力。尽管市场对内需 的新消费给予了高度关注，但进出口贸易所叠 ...

Core Viewpoint - Nanjing Commercial Travel (600250.SH) has experienced significant stock price fluctuations, with a cumulative increase of 38.72% over four trading days, despite no major changes in the company's fundamentals [1] Company Summary - The company issued a risk warning announcement due to the recent stock price volatility, indicating that the stock price has hit the daily limit up for three out of the last four trading days [1] - As of June 12, 2025, the company's latest static price-to-earnings (P/E) ratio is 95.82, and the latest price-to-book (P/B) ratio is 7.20 [1] - These ratios are significantly higher than the industry averages, with the wholesale industry (F51) showing a static P/E ratio of 23.88 and a P/B ratio of 1.55 [1] Industry Summary - The company's static P/E and P/B ratios indicate a potential risk of irrational speculation and a possible short-term price correction due to their substantial deviation from industry averages [1]

证券代码：600822 证券简称：上海物贸 公告编号：2025-020 上海物资贸易股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 股东大会召开日期：2025年6月30日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、召开会议的基本情况 （一）股东大会类型和届次 （二）股东大会召集人：董事会 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 30 日 13 点 30 分 召开地点：上海市中山北路 2550 号 5 楼 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 30 日 至2025 年 6 月 30 日 关于公司 2024 年度财务决算及 2025 年度财 务预算报告的议案 关于公司 2025 年度为子公司提供担保及子 采用上海证券交易所网络投票系统，通过交易系统投票平 ...

Employment Data Summary - In May, the U.S. non-farm payrolls increased by 139,000, continuing a downward trend from previous months[2] - The combined downward revision for March and April was 95,000, indicating a potential overestimation of current employment levels[2][5] - The unemployment rate remained stable at 4.2%, while the labor force participation rate decreased by 0.2 percentage points to 62.4%[2][10] Sector Analysis - Job growth in May was primarily driven by the service sector, which added 145,000 jobs, while government employment decreased by 22,000[8] - Manufacturing jobs saw a decline of 13,000, influenced by tariff policies[2][8] - The federal government has reduced employment by 59,000 since January, reflecting ongoing layoffs[5][8] Wage and Hour Trends - Average hourly earnings increased by 0.4% month-over-month, maintaining a year-over-year growth rate of 3.9%[13] - The average workweek remained steady at 34.3 hours, suggesting stable wage growth may support consumer spending[13] Market Expectations - Following the release of the May non-farm data, market expectations for Federal Reserve rate cuts have slightly adjusted to two potential cuts within the year, with the earliest possible in September[21] - Despite the overall stability in unemployment rates, the declining labor force participation and continuous downward revisions in employment data suggest a cooling job market[21] Risks - Potential risks include unexpected inflation increases, tighter monetary policy from the Federal Reserve, and a downturn in the U.S. economy[25][26]

活动现场为境外旅客购物离境退税商店授牌。自贸区长沙片区雨花区块供图 据悉，本次采购月活动展销了非洲市场需求旺盛的商品，为非洲客商及全球采购商提供"一站式"高效采 购体验。离境退税"即买即退"政策在批发型市场的落地，将进一步开发挖掘国际客商的商贸潜力，带动 客流转订单流、外贸流，为外向型经济增长注入新动能，助力加速打造国际消费中心城市。 活动现场，高桥大市场首批17家商店正式获得长沙市税务局授予的境外旅客购物离境退税商店服务资 格。此项创新政策，彻底颠覆了传统离境退税模式，境外旅客在高桥大市场购物后，无需经历漫长等 待，可于离境前集中退付，现场即时获得退税款。退税周期从"月级"压缩至"分钟级"，享受真正的"即 买即退"服务，既缩短资金回流周期，也创造"退税即消费"的二次消费场景，有望进一步释放消费潜 力。 随着海外知名度攀升，长沙每年吸引大量国际游客，湖南高桥大市场作为全国第二大综合型批发市场， 叠加中非经贸深度合作先行区承载区，依托自贸区长沙片区雨花区块、中非经贸博览会常设展馆的平台 优势，每年吸引大量非洲客商开展自发性商贸采购，是非洲客商入长必打卡扫货的"网红市场"。 中新网长沙6月6日电(向一鹏 李清晗) ...

小商品城 20250603 摘要 义乌小商品城受益于义乌外贸的长期增长和关税政策的积极影响，尤其 是在中美贸易摩擦背景下，义乌作为"一带一路"关键节点，外贸活动 持续增长，对小商品城形成长期利好。 人民币国际化进程加速，小商品城拥有人民币结算支付牌照，跨境收款 业务快速增长，2024 年跨境收款超过 40 亿美元，增速达 233%，推动 公司市值突破 1,000 亿。 小商品城主业市场经营的租金和选位费具备长期上涨潜力，受益于"一 带一路"政策支持和企业转型带来的租户需求增加，预计租金每年有 5%以上的增长空间。 公司积极拓展跨境贸易平台、义乌配及进口业务等新业务，其中跨境贸 易平台对标阿里国际站，具有较高潜力，且公司是国家发改委国际贸易 综合改革方案中唯一试点企业，增强了进口业务的发展前景。 义乌小商品城的跨境 B2B 贸易平台聚焦义乌市场，服务中小微企业，通 过 AI 工具提供智能翻译，整合货代、金融支付、物流等服务，为中小微 企业提供标准化外贸服务。 Q&A 小商品城在关税战以来的表现如何？义乌市场的情况如何？ 小商品城在关税战爆发以来表现出色，市值已突破千亿。义乌市场整体表现优 于全国水平，尤其是 4 ...

Core Viewpoint - Despite escalating global geopolitical tensions and trade frictions, the Chinese economy demonstrates strong resilience, with Xiaogoods City (600415) gaining increasing investor attention as it leads the charge in expanding China's small commodity market overseas [1] Group 1: Company Performance - On June 3, Xiaogoods City’s stock price reached a high of 18.48 CNY per share, closing at 18.36 CNY, resulting in a market capitalization of 100.68 billion CNY, marking its return to the billion-dollar club after 10 years [1] - The last time Xiaogoods City had a market cap exceeding 100 billion CNY was in June 2015, during a bull market [1] Group 2: Market Dynamics - Yiwu, where Xiaogoods City is located, is the world's largest small commodity center, supporting over 20 industrial clusters and 2.1 million small and micro enterprises, attracting over 20,000 foreign merchants and nearly 9,000 foreign-funded entities [2] - In 2024, Yiwu International Trade City is expected to see an average daily foot traffic of 224,300 people, a 12.15% increase year-on-year, with foreign visitor numbers rising by 17.22% [2] Group 3: Trade Statistics - Yiwu achieved a total import and export value of 668.93 billion CNY in 2024, a year-on-year increase of 18.2%, with exports at 588.96 billion CNY (up 17.7%) and imports at 79.97 billion CNY (up 22.2%) [3] Group 4: Strategic Initiatives - Xiaogoods City has implemented various transformation and upgrade measures, positioning itself as a globally recognized international trade service provider, enhancing its ecosystem in digital trade, logistics, and cross-border payment [4] - The Chinagoods platform has launched several AI digital applications since October 2023, achieving over 1 billion cumulative usage and access, with active user order growth exceeding 20% [4] - Yiwu Pay has seen a 233% year-on-year increase in cross-border payment volume, reaching over 4 billion USD in 2024, with a global service network covering over 160 countries [4] Group 5: International Expansion - Xiaogoods City actively supports the Belt and Road Initiative, with 46 overseas projects in 20 countries, serving nearly 5,000 merchants [5] - The company has established a 1 billion CNY outbound industry fund in collaboration with national entities, aimed at facilitating foreign trade [5]

Core Viewpoint - The company, Tianjin TEDA Co., Ltd. (泰达股份), announced its plan to transfer 100% equity of its wholly-owned subsidiary, Yangzhou Wanyun Construction Development Co., Ltd. (扬州万运), to an affiliated party, Tianjin TEDA Asset Operation Management Co., Ltd. (泰达资管), in order to focus on its core business in ecological environmental protection and gradually divest non-core assets [2][4][7]. Summary by Sections Transaction Details - The transaction will be conducted through a non-public agreement, with the transaction price set at a net asset valuation of 2.593 billion yuan [4]. - Following the completion of the transaction, Yangzhou Wanyun will no longer be included in the company's consolidated financial statements [7]. Business Focus - The primary aim of this transaction is to enhance the company's focus on its ecological environmental protection business and to gradually divest non-core assets [7][10]. - The company intends to optimize its asset structure, improve asset utilization, and reduce the asset-liability ratio through this divestment [10]. Financial Performance of Yangzhou Wanyun - Yangzhou Wanyun, established in 2008, primarily engages in real estate development and management. In 2024, it reported revenues of 118 million yuan and a net profit of approximately 64.36 million yuan [8]. - As of the end of 2024, Yangzhou Wanyun's total assets amounted to 4.009 billion yuan, with total liabilities of 1.484 billion yuan [9]. Company Overview - Tianjin TEDA Co., Ltd. operates in four main sectors: ecological environmental protection, regional development, energy trading, and equity investment. The regional development sector primarily includes Yangzhou Wanyun and its subsidiary, Nanjing New City [10]. - The wholesale sector accounts for nearly 90% of the company's revenue, with real estate and other sectors contributing a smaller share [10]. Stock Information - As of May 28, the company's stock price was 3.77 yuan per share, with a total market capitalization of 5.6 billion yuan [11].