Core Viewpoint - Guangzhou is actively enhancing urban quality through 291 projects, with 173 completed and the rest expected to finish by August 31, aiming to improve citizens' well-being and promote urban development [1][2]. Group 1: Urban Quality Improvement Projects - A total of 291 urban quality improvement projects have been initiated, focusing on areas such as roads, parks, rivers, streets, lighting, and rural beautification [1]. - The completion of 173 projects signifies progress, with remaining projects set to be completed by the end of August [1]. Group 2: Long-term Development Strategy - Guangzhou adopts a "during the event for the event, after the event for the city" approach, emphasizing long-term urban planning around event venues [2]. - The city is implementing 40 design guidelines and developing 30 venues with 17 refined street areas, showcasing a commitment to integrated construction and management [2]. Group 3: Enhancing Citizen Experience - The happiness and satisfaction of citizens are key metrics for assessing urban quality, driving the need for projects that meet public demand and improve living conditions [3]. - Initiatives include creating better transportation environments, friendly living spaces, and vibrant public areas for community engagement [3]. Group 4: Event-driven Urban Transformation - The upcoming 15th National Games serves as a catalyst for urban transformation, with efforts to elevate Guangzhou's status as a model city in China [3]. - The city aims to enhance its charm and promote a harmonious urban development narrative, benefiting both the city and its residents [3].

交通运输部政策研究室提供的6月交通重大工程月度报送资料显示，本月中旬，新疆乌尉公路天山胜利 隧道2#-1竖井贯通落底；厦门第三东通道工程——厦金大桥（厦门段）刘五店航道桥全面开启塔柱施 工，标志着主塔施工从水下基础阶段转入"拔节生长"的关键节点，为后续标准阶段液压自爬模施工奠定 了坚实基础，也意味着主塔即将步入快速提升阶段，该项目计划在年内封顶。 本月，厦金大桥（厦门段）环岛路隧道进入盾构掘进施工阶段；刘五店航道桥东锚碇顶板及系梁将浇筑 完成。6月18日，厦金大桥(厦门段)观音山沙滩桥基础工程将启动，为后续主拱安装及全桥受力体系奠 定核心支撑，这是保障大桥结构安全与跨海稳定性的决定性一步。 1至4月，完成交通固定资产投资9503亿元，其中公路、水运分别完成投资6534亿元和684亿元。 今年以来，全国交通固定资产投资规模总体稳定。本月一批交通重大工程进入关键节点。 第一财经记者日前从交通运输部拿到的数据显示，4月份，全国货运量、港口货物吞吐量、人员流动量 等交通运输行业主要指标保持平稳增长，交通投资规模总体稳定。1至4月，完成交通固定资产投资9503 亿元，其中公路、水运分别完成投资6534亿元和684亿元。 ...

中国交通建设股份有限公司董事会 证券代码：601800 证券简称：中国交建 公告编号：临 2025-032 中国交通建设股份有限公司 关于回购注销部分限制性股票减资暨通知债权人的公告 中国交通建设股份有限公司（简称本公司或公司）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。 一、 通知债权人的原因 公司于 2025 年 6 月 13 日召开第五届董事会第五十次会议审议通过了《关于 回购注销中国交建 2022 年限制性股票激励计划部分限制性股票的议案》，第五 届董事会薪酬与考核委员会第七次会议对《关于回购注销中国交建 2022 年限制 性股票激励计划部分限制性股票的议案》发表核查意见。 根据《上市公司股权激励管理办法》及《中国交通建设股份有限公司 2022 年限制性股票激励计划》的相关规定，公司 2022 年限制性股票激励计划首次和 预留授予的激励对象中 48 人出现因组织安排调离公司且不在公司任职、达到法 定退休年龄正常退休、在劳动合同期内主动提出辞职、2023 年度绩效考核结果 为 C 级或 D 级、违法违纪等情形，董事会审议决 ...

Core Viewpoint - The essence of the "New Energy Vehicle (NEV) Going to the Countryside" initiative is to enhance user experience by addressing the core issue of charging accessibility, which is crucial for unlocking the potential of lower-tier markets and benefiting more residents in rural areas [1][5]. Group 1: Event Overview - A joint notification from five departments has been issued to launch the 2025 NEV Going to the Countryside initiative, featuring 124 selected models [1]. - The first event will commence on June 15, 2025, showcasing various models and charging infrastructure, aiming to promote the synergy between NEVs and charging facilities in lower-tier markets [1][2]. Group 2: Policy and Infrastructure Development - The core content of the initiative includes public exhibitions of NEVs and charging stations, providing test drives and showcasing integrated charging solutions [2]. - The initiative marks a shift from primarily promoting vehicles to a collaborative development of vehicles and charging infrastructure, with subsidies now including charging facilities [2][3]. Group 3: Current Challenges and Solutions - Despite the growth in NEV ownership, charging infrastructure remains a significant bottleneck, particularly in rural areas where power supply networks are still developing [6][7]. - The government is focusing on enhancing charging infrastructure through various models, including the "light-storage-charging integration" approach, to address the challenges in rural areas [8][9]. Group 4: Future Recommendations - It is suggested that future policies should focus on targeted support for charging infrastructure, particularly in specific scenarios like logistics centers and tourist sites, to alleviate consumer concerns about charging accessibility [9]. - The need for a market-driven approach to charging infrastructure development is emphasized, with a shift from price competition to service competition to create a sustainable industry ecosystem [8][9].

自2024年上半年以来，西咸空港新城集团陆续出现了商业承 兑汇票逾期的情况，并且这些逾期信息逐渐被曝光。 作者：蔡越坤 封图：图虫创意 2025年6月初，骄阳似火，在一家融资租赁机构任资产管理部经理的徐浩，来到陕西省西咸新区空 港新城开发建设集团有限公司（下称"西咸空港新城集团"），追索目前该集团处于违约状态的租 金。 债务陆续违约 西咸空港新城集团为重要的基础设施建设主体，主要从事空港新城范围内的基础设施及保障房建 设、土地开发整理、房屋销售、商品销售等业务。 自2024年上半年以来，西咸空港新城集团陆续出现了商业承兑汇票逾期的情况，并且这些逾期信 息逐渐被曝光，引发了外界的关注。 根据上海票据交易所披露的《截至2024年3月31日承兑人逾期名单》，西咸空港新城集团票据承兑 逾期余额为2.13亿元。 与西咸空港新城集团相关负责人交涉后，徐浩此次"追债"最终未能取得实质性进展。他带着无奈与 遗憾，无果而归。 徐浩说，2019年，该租赁机构与西咸空港新城集团开展合作，向后者提供了2亿元融资，投放租赁 期为五年，于2024年10月18日结束。该项目由陕西省西咸新区秦汉新城开发建设集团有限责任公 司提供连带责任担保 ...

Core Viewpoint - The Xi'an Xianyang New Airport New City Group is facing significant debt issues, including overdue payments and a lack of new bond issuances, which have raised concerns about its financial stability and ability to manage its obligations [1][3][4][5]. Debt Situation - The company has a total interest-bearing debt of 38.762 billion yuan, with a debt-to-asset ratio of 76.55% as of the end of 2024, indicating a high level of leverage [7]. - As of June 2025, the overdue balance of commercial acceptance bills has increased from 213 million yuan in March 2024 to 581 million yuan by December 2024, reflecting a worsening liquidity situation [3][4]. - The company has been unable to issue new public bonds since 2025, with a previously planned issuance of 800 million yuan being terminated [4][5]. Debt Resolution Efforts - The Xi'an Xianyang New Airport New City Group is actively working on issuing special bonds for land reserves and negotiating with banks to replace non-standard debts [2][9]. - A government-led plan aims to reduce interest rates on high-interest non-standard debts to below 5% and to maintain the current scale of non-standard business through extensions and renewals [10][11]. - The company is exploring options for discounted repayment of financing lease debts, with local asset management companies potentially buying back debts at an 80% discount [11][12]. Operational Challenges - The company faces challenges in recovering accounts receivable, particularly from land development and construction projects, which has contributed to its debt defaults [7][8]. - High vacancy rates in industrial projects within the development area have added to the financial pressure, as the company struggles with a lack of competitive business operations [8].

Group 1 - The core viewpoint is that economic cooperation between Asia and emerging markets is shifting from "high-frequency trade" to "long-term structural development partnerships" [1] - Prime Group, based in Singapore and Shanghai, is actively participating in this transformation by providing strategic private partnerships for various governments and institutions [1] - Under the leadership of Chairman Karim Bouhout, the group focuses on key sectors such as energy, agriculture, logistics, and infrastructure to promote national development strategies in high-potential, underdeveloped regions [1] Group 2 - Prime Group aims to convert macro policy goals into tangible, investable projects, including industrial parks, logistics corridors, clean energy platforms, and agricultural infrastructure [2] - The group integrates engineering execution capabilities, financing structure design, and multi-party coordination mechanisms to deliver large-scale projects in complex environments [2] - The collaboration model emphasizes accountability, transparency, and social responsibility to ensure sustainability in both economic and social dimensions [2] Group 3 - Prime Group serves as a platform for China's "co-building and sharing" global development philosophy, aligning with initiatives like the Belt and Road and Global Development Initiatives [3] - The group collaborates closely with local governments and adheres to international governance standards to promote infrastructure, industrial chain upgrades, and regional connectivity [3] - As South-South cooperation deepens, Prime Group will act as a stable bridge connecting Chinese capital with development agendas through a model of "neutral execution, institutional governance, and long-term collaboration" [3]

新华财经上海6月12日电（记者杨溢仁）6月12日，根据上海证券交易所网站披露的中金亦庄产业园封闭 式基础设施证券投资基金（下称"中金亦庄产业园REIT",基金代码：508080）认购申请确认比例公告显 示，该基金公众投资者有效认购基金份额数量达647.43亿份，约为公众发售初始基金份额数量的1798.42 倍。 按照认购价格2.720元／份计算，此次公众发售比例配售前的募集规模约为1761.01亿元，网下有效认购 基金份额数量约220.44亿份，网下发售比例配售前的募集规模约为599.60亿元；战略配售基金份额数量 为2.8亿份，认购规模约7.616亿元。据此计算，本次中金亦庄产业园REIT发售募集规模达2368.23亿元 （含战略配售、网下发售和公众发售），是其首发募集规模10.88亿元的217.67倍。根据配售结果，本次 战略投资者将按100%配售，网下投资者和公众投资者配售比例分别为0.38105434%和0.05560442%。 公告显示，中金亦庄产业园REIT于6月10日起正式发售，由于公众投资者累计有效认购规模超过初始募 集规模上限，发行仅一天便提前结束公众募集。 值得一提的是，中金亦庄产业园RE ...

Core Viewpoint - The article emphasizes the importance of developing charging and swapping infrastructure for electric vehicles in China, highlighting government policies and initiatives aimed at enhancing the infrastructure to support the growth of the new energy vehicle industry [4][5]. Summary by Sections Policies Encouraging Charging Infrastructure Development - The "Implementation Opinions" issued on January 10, 2022, by ten ministries aim to enhance the service capacity of electric vehicle charging infrastructure through 21 policy measures, including community charging facility construction and urban charging network optimization [6][7]. - The "Guiding Opinions" released on June 8, 2023, outline five tasks to improve the quality of charging infrastructure, such as optimizing network layout and promoting technological innovation [7][8]. Public Sector Electrification and Pilot Programs - The pilot program for the full electrification of public sector vehicles, initiated on January 30, 2023, targets various vehicle types, with an expected promotion of over 600,000 new energy vehicles and the construction of over 70,000 public charging stations [8][9]. County-Level Charging Infrastructure Initiatives - The notification issued on April 9, 2024, aims to enhance charging infrastructure in rural areas, with a goal of achieving "full coverage" of charging facilities in counties, supported by central government funding [10]. Hydrogen Station Development for Fuel Cell Vehicles - Policies from 2020 onwards have facilitated the construction of hydrogen stations, with 474 stations built by the end of 2024, supporting the growth of the fuel cell vehicle market [11][17]. - By March 2025, over 540 hydrogen stations were established in China, making it the global leader in this area [17][18]. Smart Connected Vehicles and Infrastructure - The establishment of smart city infrastructure and intelligent connected vehicles has progressed significantly, with multiple testing zones and a growing market for smart connected vehicles [19]. - By 2024, the penetration rate of combination driving assistance (L2 level) vehicles reached 57.3%, with L3 level and above vehicles entering the market [19].

全球股市自4月以来持续反弹，但下半年能否维持上行势头将取决于关税和政策议题的进展。 投资者还需考虑美元走弱和全球多极化趋势延续的可能性上升， 这两大因素可能对货币汇率和风险资 产估值产生影响。 分地区来看，美国股市估值仍然合理，企业盈利也将保持韧性，但由于美国总统特朗普难以预测的谈判 风格，在各类策略之间摇摆不定甚至不断逆转，因此，市场波动性仍然很高。欧洲和中国的估值目前更 具有吸引力，且随着欧洲财政和国防支出的增加，以及中国政策的持续放松，下半年资本有可能继续流 入欧洲和中国。 行业方面，下半年美国股市的关键主题包括人工智能和数码基础建设主题，以及可能受惠于企业减税的 精选小盘股。而金融股则有机会受惠于放松管制。科技及人工智能股票表现良好，但高估值意味着它们 对政策和利率变化较为敏感。"美股七雄"应该仍将保持领先地位，但如果市场扩展，其他产业也迎头赶 上，则"美股七雄"的主导地位可能会收窄。目前，美股估值仍高于其他地区，而美国以外市场的科技基 本面更具支撑性，这使得全球投资机会显得更具吸引力。 此外，在投资组合中加入另类资产也将是明智的选择，因为它们与传统股债的表现相关度较低。黄金仍 将是强劲的避险资产，尤 ...