从当前正在推介中的项目来看，不仅包含交通运输、能源、水利、新型基础设施、城市基础设施、环 保、仓储物流、制造业等重点领域，还包括人工智能、低空经济等新兴产业、未来产业。 2025.06. 26 本文字数：3632，阅读时长大约6分钟 作者 | 第一财经 祝嫣然 国家正全力优化营商环境、破除隐性壁垒、激发民营经济活力。 第一财经记者从国家发展和改革委（下称"国家发改委"）搭建的"全国向民间资本推介项目平台"发 现，截至6月25日，全国正在向民间资本推介的项目投资额超10万亿元。其中，光是国家发改委近日 向民间资本推介的优质项目，就超过3200个，涉及的总投资额超3万亿元。 国家信息中心信息化和产业发展部未来产业处处长胡拥军表示，民营企业是扩大有效投资的生力军， 引导更多民间资本参与重大基础设施、社会民生等领域建设，这些政策将让民间资本有更大发展空 间。 与此同时，民间资本参与重大基础设施项目的参股比例也提高了。 除了推介优质项目，国家发改委明确表示，将建立健全向民间资本推介项目专项工作协调机制，推动 更多民间投资参与项目建设，加强跟踪协调和对接服务，强化用地用海、环评等要素和融资支持，推 动项目尽快落地实施。 ...

Market Overview - Major stock indices in China experienced a narrow fluctuation in the morning, followed by a strong rally in the afternoon, driven by the financial and real estate sectors. The Shanghai Composite Index rose by 1.03% to 3455.97 points, the Shenzhen Component Index increased by 1.72% to 10393.72 points, and the ChiNext Index surged by 3.11% to 2128.39 points. The total trading volume in the Shanghai and Shenzhen markets reached 16402 billion yuan, an increase of over 1900 billion yuan compared to the previous day [1] Brokerage Sector - Guotai Junan International saw a significant increase of 198% due to the Hong Kong Securities and Futures Commission approving its upgrade to a virtual asset trading license, making it the first Chinese brokerage to offer comprehensive virtual asset services. This aligns with the current market interest in "stablecoin" themes, leading to a corresponding rise in the A-share brokerage sector [2] - Donghai Securities noted that the sustainability of the brokerage sector's performance depends on the pace of policy benefits realization and the maintenance of market activity levels. The actual impact of capital market reform policies is a key focus for investors, which is crucial for the recovery of brokerage performance [2] Semiconductor Industry - The memory market, particularly DDR4, has seen a significant price increase due to production cuts announced by storage wafer manufacturers. This price surge is attributed to strong supply-demand dynamics, with expectations of continued revenue growth for major storage manufacturers in the second quarter of 2025 [3] - Citic Securities recommends focusing on storage chip design firms and distributors, as well as module manufacturers, due to the rising prices of DDR4 memory. The increasing penetration of DDR5 is also anticipated as some DDR4 prices exceed those of DDR5 [3] AI Infrastructure - The demand for AI model training and inference is driving the evolution of system-level computing infrastructure. The focus is shifting towards larger clusters, as single-chip performance improvements are expected to slow down. System-level nodes are seen as a critical direction for AI computing development [4] - Citic Securities suggests monitoring the shipment of system-level products from leading companies and the progress of domestic system-level products represented by Huawei's CloudMatrix384, indicating potential growth in the domestic supply chain [4] Dairy Industry - The Ministry of Agriculture and Rural Affairs is actively promoting high-quality development in the dairy industry, emphasizing the implementation of industry relief policies and support for dairy farmers. Efforts are being made to boost dairy consumption and enhance the processing of dairy products [5][6] Foreign Investment - The Ministry of Commerce announced a pilot program to promote the reporting of domestic investment information by foreign-invested enterprises, with the first pilot regions being Jiangsu, Shanghai, Tianjin, Liaoning, Hebei, Hunan, Shaanxi, and Chongqing. This initiative aims to attract more foreign investment [7] Smart Transportation - The Ministry of Transport is focusing on the development of smart transportation, planning to compile a comprehensive transportation plan and promote innovative projects in this area. The goal is to secure diverse funding and resources to enhance the overall development of smart transportation [8]

高水平开放合作深化拓展。用好开放合作平台，不断提升中国—东盟博览会和中国—东盟商务与投 资峰会、面向东盟的金融开放门户、沿边重点开发开放试验区等平台能级。主动对接高标准国际经贸规 则，扩大RCEP出口原产地证明应用享惠范围。推动货物贸易优化升级，不断深化通关便利化，高效组 织海外货源经桂入境、国内货源由桂出海。高标准打造中国（广西）自由贸易试验区，累计形成214项 制度创新成果并得到复制推广。 6月25日，记者从自治区政府新闻办举行的"奋发有为推进'一区两地一园一通道'建设"系列主题新 闻发布会（第三场）上获悉，自去年1月中央区域协调发展领导小组办公室印发《关于支持广西加快打 造国内国际双循环市场经营便利地的若干措施》以来，双循环便利地建设工作取得积极进展，投资、贸 易、消费、资金流动、人员往来、物流畅通六大方面便利化水平进一步提升。 一年多来，国家批复设立南宁国际通信业务出入口局、批复打造面向东盟的区域性国际邮政快递枢 纽、批复开展边境地区外籍人员入境务工试点，南宁商贸服务型、生产服务型和桂林商贸服务型国家物 流枢纽列入国家建设名单，南宁、百色入选国家骨干冷链物流基地名单，广西加快把区位优势转化为高 水平开 ...

Economic Performance Overview - The city's industrial output value from January to May reached 1,906.11 billion yuan, with a year-on-year growth of 4.7% [1] - The added value of the city's industrial sector grew by 8.1% year-on-year [1] - Among 35 industrial sectors, 24 reported year-on-year growth, resulting in a growth coverage of 68.6% [1] Industrial Sector Insights - The computer, communication, and other electronic equipment manufacturing sectors saw output growth of 7.6%, while electrical machinery and equipment manufacturing grew by 6.7% [1] - High-tech industries within the industrial sector achieved a year-on-year output growth of 7.1%, accounting for 56.2% of the total industrial output, an increase of 1.9 percentage points year-on-year [1] Service Sector Performance - The city's service sector generated operating income of 200.38 billion yuan from January to April, reflecting a year-on-year increase of 8.6% [1] - The leasing and business services sector experienced a 12.3% increase in operating income, while transportation, storage, and postal services grew by 12.0% [1] Investment Trends - Fixed asset investment in the city totaled 262.0 billion yuan from January to May, with a slight year-on-year increase of 0.1% [2] - Industrial investment reached 92.03 billion yuan, marking a significant year-on-year growth of 16.1% and accounting for 35.1% of total fixed asset investment, an increase of 4.8 percentage points [2] - Infrastructure investment grew by 10.1% year-on-year, and investment in high-tech industries rose by 10.8% [2] Consumer Market Dynamics - The total retail sales of consumer goods in the city amounted to 385.27 billion yuan from January to May, with a year-on-year growth of 4.2% [2] - Retail sales of household appliances and audio equipment surged by 22.8%, while computer and related products saw a remarkable increase of 240.2% [2] - Online retail sales through the wholesale and retail sector increased by 15.0% year-on-year, contributing 2.0 percentage points to the overall growth of retail sales [2] Trade Performance - The total import and export value reached 1,076.145 billion yuan from January to May, reflecting a year-on-year growth of 6.2% [2] - Exports totaled 679.543 billion yuan, growing by 8.6%, while imports reached 396.602 billion yuan, with a growth of 2.3% [2] - General trade exports increased by 15.4%, accounting for 46.6% of total exports, an increase of 3 percentage points year-on-year [2] - Exports to emerging markets, including ASEAN and Africa, grew by 46.2% and 36.1% respectively [2] Financial Sector Overview - By the end of May, the balance of deposits in financial institutions reached 56,845.4 billion yuan, with a year-on-year growth of 5.1% [3] - The balance of loans in financial institutions was 59,143.9 billion yuan, reflecting a year-on-year increase of 6.8% [3] Consumer Price Index - The overall consumer price level in the city decreased by 0.9% year-on-year from January to May, with a decline of 1.0% in May [3] - Among eight categories of goods and services, two categories saw price increases while six experienced price declines [3]

Group 1 - The UN Conference on Trade and Development reports a global FDI decline of 11% in 2024, totaling $1.493 trillion, influenced by geopolitical tensions and trade fragmentation [1] - Developed economies experienced a 22% drop in FDI, with Europe facing a significant decline of 58%, while North America saw a 23% increase driven by the US [1] - Africa's FDI surged by 75% to a record $97 billion, accounting for 6% of global FDI, with Egypt leading in FDI stock at $205.2 billion [1] Group 2 - International financing for key sectors is declining, with infrastructure projects down 26%, renewable energy by 31%, transportation by 32%, and water and sanitation facilities by 30% in 2024 [2] - The UNCTAD Secretary-General highlights that many economies are overlooked not due to lack of potential but because capital is directed to easier access points rather than areas of need [2] - The digital economy is one of the few growing sectors, with a 14% increase in global FDI in 2024, although this growth is concentrated in 10 countries that account for 80% of new projects [2]

Core Viewpoint - The Chinese government is actively promoting private investment by optimizing the business environment and reducing barriers, with a focus on new infrastructure and emerging industries, leading to a significant increase in private investment confidence [1][6][10]. Group 1: Investment Projects and Amounts - As of June 25, over 10 trillion yuan in projects are being promoted to private capital, with more than 3,200 quality projects recommended by the National Development and Reform Commission (NDRC) [1][6]. - The total number of projects being promoted has reached 11,752, with a total investment amount of 10.15 trillion yuan [6]. - Local governments are also introducing supportive policies to attract private capital, with specific project lists being established in provinces like Tianjin and Hubei [6][7]. Group 2: Focus on Emerging Industries - The current project recommendations include key sectors such as transportation, energy, and new infrastructure, as well as emerging industries like artificial intelligence and low-altitude economy [4][10]. - Private investment is increasingly directed towards new projects, with significant interest in new infrastructure, artificial intelligence, and quantum information [10]. Group 3: Policy Support and Legislative Framework - The implementation of the Private Economy Promotion Law on May 20 has provided strong signals to support private investment in major national strategies and projects [9]. - The NDRC is establishing a special coordination mechanism to promote private capital participation in project construction and enhance support for land use, environmental assessments, and financing [4][8]. Group 4: Trends in Private Investment - Private investment in traditional industries is also experiencing a transformation, with a notable increase in industrial technological upgrades, particularly in sectors like steel and building materials [10]. - Data shows that from January to May, private investment remained stable, with a year-on-year growth of 5.8% in non-real estate private investment [15].

沪指6月25日上涨1.04%，申万所属行业中，今日上涨的有28个，涨幅居前的行业为非银金融、国防军 工，涨幅分别为4.46%、3.36%。跌幅居前的行业为煤炭、石油石化、交通运输，跌幅分别为1.00%、 0.57%、0.21%。交通运输行业位居今日跌幅榜第三。 002120 韵达股份 0.75 0.66 717.53 交通运输行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601919 | 中远海控 | -0.66 | 1.32 | -27104.53 | | 601975 | 招商南油 | -3.93 | 9.54 | -10287.44 | | 600650 | 锦江在线 | -1.26 | 14.65 | -9115.92 | | 600798 | 宁波海运 | -9.78 | 21.67 | -7178.41 | | 601008 | 连云港 | -2.60 | 8.56 | -6073.74 | | 002040 | 南京港 | -6.17 | 12.11 | -4694 ...

【博时市场点评6月25日】沪指年内新高，两市成交超1.6万亿 每日观点 今日沪深三大指数继续上涨，沪指创下年内新高，创业板指涨幅超3%，沪深两市成交进一步放量至1.6 万亿以上。海外方面，昨日，伊朗与以色列停火协议得到双方确认，大幅缓解了市场避险情绪，同时美 联储意外释放鸽派信号，若通胀可控不排除下月降息可能性，缓解了全球流动性收紧的担忧，对新兴市 场资金面形成直接利好；国内方面，9月阅兵既有传统武器装备参阅，还会安排新型作战力量参阅，体 现我军适应科技发展和战争形态演变、打赢未来战争的强大能力。国内国外的信息均指向风险偏好提 升，近两日A股成交量较之前明显放大，后续仍需关注中美经贸博弈，以及国内基本面在外需影响下的 韧性情况，7月将进入中报披露期，市场或仍将呈现震荡态势，配置上可关注科技+红利的哑铃结构以 及业绩有改善的方向。 消息面 央行等六部门联合印发《关于金融支持提振和扩大消费的指导意见》，从支持增强消费能力、扩大消费 领域金融供给、挖掘释放居民消费潜力、促进提升消费供给效能、优化消费环境和政策支撑保障等六个 方面提出19项重点举措。《意见》明确，设立服务消费与养老再贷款，额度5000亿元。健全投资和 ...

Core Viewpoint - The article discusses the "Shanghai Marine Industry Development Plan (2025-2035)" which aims to establish a world-class shipbuilding and marine engineering equipment industry cluster, with significant growth targets set for 2030 and 2035 [1][2][4]. Group 1: Industry Development Goals - By 2030, the added value of the shipbuilding and marine engineering equipment industry is expected to exceed 45 billion yuan, with the localization rate of large LNG carriers reaching over 85% [1][4]. - By 2035, the added value of the shipbuilding and marine engineering equipment industry is projected to exceed 70 billion yuan, establishing a world-class industry cluster with strong international influence [4]. - The plan includes the construction of a modern shipping service industry cluster, aiming for Shanghai Port's container throughput and port connectivity index to rank first globally by 2030 [4]. Group 2: Emerging Industry Initiatives - The plan proposes a comprehensive innovation initiative for emerging marine industries, focusing on core technology breakthroughs and the establishment of new marine digital infrastructure [3][4]. - It emphasizes the development of marine intelligent equipment, including underwater robots and autonomous systems, to enhance capabilities in deep-sea exploration and marine operations [4]. Group 3: Economic Potential - The OECD predicts that by 2030, the economic value of the ocean will exceed 3 trillion USD, equivalent to the size of the fifth-largest economy globally [6]. - In China, the marine production value is expected to surpass 10 trillion yuan in 2024, with significant growth in marine industries such as shipbuilding and marine engineering equipment manufacturing [6][7]. - The marine economy is showing positive growth trends, with a reported 5.7% year-on-year increase in marine production value in the first quarter of the year [6]. Group 4: Policy and Support Framework - The plan includes proposals for enhancing the marine regulatory policy framework and increasing financial support for the marine industry [5]. - It suggests the establishment of a marine industry development group to coordinate the city's marine industry layout and development [5].

Core Viewpoint - By 2030, Shanghai aims to achieve a gross value added of over 180 billion yuan in the marine transportation industry, with the Shanghai port maintaining its position as the world's top container throughput and port connectivity index [1] Group 1: Industry Development Goals - The Shanghai Marine Bureau is soliciting opinions on the "Shanghai Marine Industry Development Plan (2025-2035)" [1] - By 2030, the plan includes the establishment of 1-2 new international and national shipping professional organizations and functional institutions [1] - The industry is expected to reach an advanced level in digitalization and low-carbon initiatives [1] Group 2: Future Projections - By 2035, Shanghai aims to fully establish itself as an international shipping center [1] - The goal includes the creation of a world-class shipping service industry cluster that is globally leading [1]