格隆汇9月30日丨中国南方航空股份(01055.HK)公告，中国南方航空股份有限公司(以下简称"本公 司"、"公司")于2020年10月15日发行的可转换公司债券(以下简称"南航转债"、"可转债")将于2025年10 月15日开始支付自2024年10月15日至2025年10月14日期间的利息。根据公司《募集说明书》的约定，本 次付息为南航转债第五年付息，计息期间为2024年10月15日至2025年10月14日。本计息年度可转债的票 面利率为1.50%(含税)，即每张面值人民币100元的可转债兑息金额为人民币1.50元(含税)。 ...

"这次我们公司总部迁址落地上海闵行主要是基于公司进入快速发展阶段对于人才、资金、产业链聚集度等市场要素更高层次的需求。"上海斯塔娜航空科技 有限公司（以下简称"斯塔娜航空"）联合创始人、副董事长迟楠表示。据了解，斯塔娜航空于2025年8月落户闵行，将重点开展CCAR-35部适航复合材料螺 旋桨的研发、适航取证及产业化等工作。 斯塔娜航空的获得感，是上海持续优化营商环境、积极吸引高质量市场主体的一个缩影。上海市市场监管局统计数据显示，2025年1-6月迁入企业数888户， 迁出企业865户，迁入迁出基本保持平稳。 精准高效的政策支持，为企业降本增效 上海市政府持续关注企业痛点，出台精准政策，直接降低企业综合运营成本。近年来，上海瞄准企业关心的投资成本、直接成本、融资成本、转型成本等重 点领域，实施一揽子创新举措。比如，去年出台了工业降本增效"17条"，实打实为工业企业降低用能、土地、贷款等成本超520亿元。 政策的生命力在于执行，上海各级政府的"店小二"精神将政策红利精准送达企业。全球领先的传送带与自动化解决方案提供商英特乐的区域总部落户过程便 是例证。2021年，英特乐启动中国总部搬迁计划时，其外籍决策层对松 ...

Core Insights - The upcoming National Day and Mid-Autumn Festival holidays are expected to trigger a new wave of consumer spending, with significant increases in hotel and flight bookings compared to last year [2][3] Booking Trends - Hotel and flight booking rates have surpassed last year's figures, with a notable increase in reservations across various city tiers [2] - Beijing leads in hotel bookings among first-tier cities, exceeding Shenzhen and Shanghai by 6 percentage points [2] - Coastal cities such as Dalian, Tianjin, Yantai, Qingdao, and Rizhao are experiencing high booking rates in second and third-tier cities [2] - The demand for homestays has surged, with a year-on-year increase of over 30% in bookings, particularly in lesser-known cities like Qinzhou, Longnan, Taizhou, and Xiaogan [2] Travel Preferences - The trend of "拼假" (combining leave days) has led to a 26% increase in travel product bookings from September 26 to September 28 compared to the same period last year [2] - The average booking volume for transportation services, including flights and train tickets, has risen by approximately 4.2% year-on-year, with high-speed rail and combined flight-train packages showing a 7% increase [3] - Multi-destination travel products, such as long-distance tours and car rentals, have seen significant growth, with bookings increasing by 53% and 93% respectively compared to last year [3] Consumer Incentives - Various regions are distributing consumption vouchers to enhance the travel experience, with over 29,000 cultural and tourism events planned and more than 480 million yuan in subsidies allocated [4] - Beijing's "City Renewal Week" features a range of activities and offers 5 million yuan in consumption vouchers to encourage local spending [4] - Dalian is also promoting tourism through events and has issued 15 million yuan in consumption vouchers, including 10 million yuan for retail and 5 million yuan for dining [5]

Core Insights - The article discusses the recent adjustments in the Hong Kong Stock Connect market, highlighting the inclusion and exclusion of specific stocks due to liquidity and market capitalization issues [1][3][4] Group 1: Market Adjustments - As of September 2025, a total of 67 stocks were included and 61 stocks were excluded from the Hong Kong Stock Connect, indicating a normalization of adjustments in the market [1] - The inclusion criteria for stocks in the Hang Seng Composite Index are based on market capitalization and liquidity, with small-cap stocks needing an average month-end market capitalization of at least 5 billion HKD [1] Group 2: Case Studies of Inclusion and Exclusion - The case of Xirui Aircraft illustrates a contradictory situation where the stock was initially excluded due to poor liquidity but was later included without significant improvement in liquidity, only to be removed again after 125 days due to historical liquidity issues [4][7] - Xirui Aircraft's average market capitalization was 8.3 billion HKD at the time of review, but it failed to meet liquidity requirements, with average daily trading volume below 1 million HKD prior to its inclusion [4][5] - The stock's daily turnover rate was significantly low in the months following its IPO, with rates as low as 0.003% in January 2025, leading to its eventual exclusion [6][7] Group 3: Regulatory Concerns - The inclusion of Lukuang despite its suspension and financial risks raised questions about the regulatory framework of the Hong Kong Stock Connect, as the company was allowed to enter the market even after revealing significant risks [8][10] - Lukuang's case involved a series of financial mismanagement issues, including undisclosed related party transactions and a significant reduction in net profit, which were not addressed before its inclusion [10][11] - The company was ultimately removed from the index 63 days after its inclusion due to ongoing suspension, which inadvertently protected investors from potential losses [11]

Group 1 - South Korea has implemented a visa-free entry policy for Chinese group tourists from September 29 to June 30 next year, with expectations of over 5 million Chinese visitors to South Korea this year [2] - The retail and tourism sectors in South Korea are preparing for the influx of Chinese tourists, including hiring Chinese-speaking staff and introducing Chinese menus [2] - In the first half of this year, Chinese tourists accounted for 28.6% of all foreign visitors to South Korea [2] Group 2 - Tmall's "Double 11" sales event will begin pre-sales on October 15, 2025, with the actual sales starting on October 20, 2025 [3] - The pre-sale period for "Double 11" has not been advanced compared to the previous year [3] Group 3 - The total pre-sale box office for new films during the 2025 National Day holiday has exceeded 80 million [4] - The top three films in pre-sale are "Thunderous," "Assassination Novelist 2," and "Volunteers: Bloodbath for Peace" [4] Group 4 - China's water conservancy infrastructure has become the largest in the world, with investments exceeding 1 trillion yuan for the first time in 2022 and projected to reach 1.3529 trillion yuan in 2024 [5] - During the "14th Five-Year Plan," 172 major water conservancy projects have commenced, optimizing the layout and functionality of water infrastructure [5] Group 5 - The chairman of Foshan Lighting, Wan Shan, has resigned, marking the fourth executive departure within a month [6] Group 6 - Airbus has appointed Troy Wang as the global senior vice president and head of commercial for Airbus China starting January 1, 2026 [7] Group 7 - Wang Jianlin's "height restriction" measures have been lifted, indicating a resolution to the economic disputes faced by Wanda Group [8] Group 8 - Huang Renxun clarified misconceptions about China's ability to produce AI chips, stating that claims of China being two to three years behind the U.S. are unfounded [9] Group 9 - Southeast Asia's tourism landscape is evolving, with Vietnam receiving nearly 14 million international tourists in the first eight months of the year, a 21.7% increase, and China being the largest source of tourists [10] Group 10 - Morgan Stanley has raised Alibaba's ADR target price from $165 to $200, citing optimism about its cloud computing business growth [11] Group 11 - JD Health announced the resignation of CEO Jin Enlin, with Cao Dong appointed as the new CEO [12] Group 12 - Apple CEO Tim Cook confirmed his personal investments in Bitcoin and Ethereum but dismissed the idea of Apple accepting cryptocurrency for purchases [13]

Market Performance - The Asia-Pacific stock markets showed mixed results, with the Hang Seng Index rising 1.89% to 26,622 points, and the Shanghai Composite Index increasing 1.5% to 4,620 points[20] - The US stock market saw the Dow Jones rise 0.15% to 46,316 points, the S&P 500 up 0.26% to 6,661 points, and the Nasdaq gaining 0.48% to 22,591 points[9] - Major Latin American indices also rose, with the S&P Mexico IPC Index up 0.49% to 62,610 points and the IBOVESPA Index in Brazil increasing 0.61% to 146,336 points[9] Economic Outlook - China's economy is projected to maintain an average annual growth rate of approximately 4%-4.5% during the 14th Five-Year Plan period to achieve the goal of doubling economic output and per capita income by 2035[6] - The US government shutdown risk is increasing, which is affecting market sentiment and leading to a decline in the US dollar index by 0.3%[26] Commodity and Currency Movements - International oil prices fell over 3%, with NYMEX crude oil down 3.45% to $63.45 per barrel[26] - The international gold price reached a new high, reflecting increased demand amid government shutdown concerns[26] - The Japanese yen led G-10 currencies with a rise against the US dollar, which fell to 97.91[25] Sector Performance - In the US, nine out of eleven S&P sectors rose, with the consumer discretionary sector leading with a gain of 0.55%[9] - The healthcare and luxury goods sectors performed well in Europe, supporting the rise of major European indices[9] Individual Stock Highlights - Take-Two Interactive (TTWO) is expected to enter a new product cycle with the anticipated release of major titles, projecting a target price of $316[9] - EA (Electronic Arts) shares surged 4.50% following news of a $55 billion privatization deal, marking the largest leveraged buyout in history[9]

在投资方面，今年前8个月制造业投资增长5.1%，信息服务业，航空、航天器及设备制造业，计算机及 办公设备制造业投资同比分别增长34.1%、28.0%和12.6%，有力支撑产业升级发展。 9月29日，国家发展改革委召开9月新闻发布会，新闻发言人李超表示，正积极推进5000亿元的新型政策 性金融工具落地，推动扩大有效投资。 为促进金融更好地服务实体经济，推动扩大有效投资。国家发展改革委积极推进新型政策性金融工具相 关工作，新型政策性金融工具规模共5000亿元，全部用于补充项目资本金。 国家发展改革委新闻发言人 李超：我们正在会同有关方面，抓紧把新型政策性金融工具资金投入到具 体项目，后续将督促各地方推动项目加快开工建设，尽快形成更多实物工作量，推动扩大有效投资，促 进经济平稳健康发展。 国家发展改革委新闻发言人 李超：当前经济运行依然面临不少风险和挑战，外部环境仍然复杂严峻， 经济回升向好的基础仍需进一步巩固。随着各项政策效应充分释放，我们有信心持续保持经济平稳健康 发展，有信心实现全年目标任务。 ◆来源：央视财经 编辑：孙懿辞 初审：梁爽 复审：曹光宇 终审：臧立 ...

央视网消息：国家发展改革委9月29日举行新闻发布会，发布会上相关负责人介绍，8月份，我国经济运行总体平稳，有信心实现全年目标 任务。 商务部欧洲司副司长王宇鹏称："其中，瑞典、丹麦对华投资额均超过50亿美元，位居欧洲国家的前列。北欧企业普遍看好中国经济发展 的前景，看重中国超大规模市场的潜力。" 商务部：去年中国与北欧贸易额达531.7亿美元 商务部9月29日举行专题新闻发布会，商务部相关负责人介绍，2024年中国与北欧国家的贸易额达到531.7亿美元，增长8.5%。 今年1至8月，中国与北欧5国的贸易额达到379.6亿美元，同比增长7.1%，增速是同期中欧贸易的两倍多。北欧企业持续加码在华投资，截 至目前，北欧5国累计对华直接投资超过了150亿美元。 国家发展改革委新闻发言人李超介绍，从供给侧看，生产平稳增长，制造业、服务业的重点领域增势良好。从景气程度看，工业企业利润 明显改善。从需求侧看，以旧换新相关商品零售额继续保持较快增长，服务消费潜力不断释放，信息服务业，航空、航天器及设备制造业等投 资较快增长，有力支撑产业升级发展。 国家发展改革委新闻发言人李超称："下一步，我们将持续加强经济监测预测预警，做好 ...

智通财经记者 | 张瑶 智通财经编辑 | 汤威 3. 上海虹桥商务区voco套房酒店与逸衡酒店迎来开业一周年 9月30日，上海虹桥商务区voco套房酒店与上海虹桥商务区逸衡酒店迎来开业一周年。一年来，两家酒店凭借鲜明的品牌特色与协同运营优势，迅速在虹桥 商务区站稳脚跟。 1. 上海外滩华尔道夫酒店十五周年庆典启幕 近日，上海外滩华尔道夫酒店于外滩2号举行了"时空经纬·十五华章"主题庆典。开幕仪式当天，多位学者与文化评论家进行专题对谈，从建筑保护、城市历 史、海派文化与当代城市更新等角度探讨。 同时，外滩2号还面向公众推出了同名主题展览，展期持续至10月9日。展览通过珍贵档案照片、历史物件与图像资料，首次系统性地阐释外滩2号大楼的历 史文化内涵和建筑空间特色。此外，酒店将提供情节式的沉浸式体验"总会一日·1910"，引领宾客穿越回1910年代，在酒店的每一个角落发掘人物故事与历 史线索。 2. 紫云玄清酒店加入全球奢华精品酒店联盟 紫云玄清酒店于9月19日举行加入全球奢华精品酒店联盟揭牌仪式暨"非凡宴·养心行"主题晚宴，成为常州市首家SLH成员酒店。 酒店坐落于国家5A级茅山风景区，坐拥天然氧吧与静谧山景。整体 ...

人民财讯9月30日电，中信证券研报认为，2025年国庆中秋假期航空出游需求旺盛，量价或有超预期表 现，释放积极信号。民航"反内卷"工作逐步展开，或从托底价、控时刻、代销监管等方面加强监管，有 望对行业价格形成支撑，建议关注航司业绩弹性。飞机低引进+发动机维修使得有效供给延续低增长， 新订单对行业供给影响或有限，无需过分担忧。四季度行业量价表现或迎拐点，关注淡季布局时机。 ...