Group 1 - The transformation of the Shougang area into a new industrial cluster integrating technology, sports, culture, and tourism is highlighted as a key development in the western part of Beijing [1] - A total of 95 major projects will be implemented in the western region this year, including 56 ongoing projects and 39 new projects [1] - The completion of the Apple Garden transportation hub will enhance connectivity with three subway lines and various bus services, catering to diverse travel needs [2] Group 2 - The GDP growth rates for Shijingshan District and Mentougou District in the first quarter are reported at 9% and 5.8% respectively, indicating a rapid industrial transformation in the western region [4] - The "Two Parks and One River" initiative is set to be the core engine for the transformation of the western region, focusing on the integration of ecological and industrial development [4] - A total of 50 major events are planned to be held in the western region this year, with the Shougang Park being a central venue for 11 of these events [6]

Core Insights - The "Beijing West Action Plan 2025" has been released, focusing on five key areas: "Two Parks and One River," industrial transformation, cultural and tourism integration, urban function optimization, and ecological civilization [1][2] - A total of 53 key tasks and 95 major projects have been outlined to promote the transformation and development of the Beijing West region [1] Group 1: Key Areas of Focus - The plan emphasizes high-quality urban design for "Two Parks and One River," aiming to create a vibrant waterfront [1] - It aims to enhance the cultural and tourism characteristics of the region, including the development of premium tourism routes and the construction of the Beijing West Art Center [2] - The initiative includes the construction of the "5G+8K" ultra-high-definition demonstration park to establish the "Beijing West Smart Valley" brand [2] Group 2: Major Projects and Activities - The plan includes 95 major projects, with 56 ongoing and 39 planned to commence, such as the renovation of the Shougang Park service trade fair venue [1] - The development of the Shougang International Talent Community and the Shougang Yihe cooperation project are highlighted as significant undertakings [2] - The organization of 50 major events, including the 9th International Rose Conference and the 4th Beijing West Development Forum, is intended to enhance regional vitality [1][2]

Group 1 - Beijing's Development and Reform Commission has announced the "Beijing West Action Plan" focusing on key projects for 2025, including 95 major projects such as the Shougang Ski Jump and the renovation of the Shougang Park service trade fair venue [1] - The plan emphasizes the development of "Two Parks and One River," which includes the Garden Expo Park, Shougang Park, and Yongding River, aiming for coordinated development and ecological integration [1][2] - The initiative aims to enhance the region's industrial transformation by leveraging local resources and promoting the integration of culture, commerce, and tourism [2] Group 2 - The plan includes significant infrastructure improvements, such as enhancing transportation and public services, and constructing new educational and healthcare facilities to meet community needs [3] - Environmental sustainability is a key focus, with efforts to strengthen ecological protection and improve water quality, alongside initiatives to create a garden city and promote ecological product value realization [3]

Core Insights - Beijing's Development and Reform Commission has outlined key initiatives for the implementation of the "Beijing West Action Plan (2022-2025)" by 2025, focusing on enhancing urban waterfront areas and infrastructure projects [1][2] Group 1: Key Focus Areas - The first focus area is the collaborative development of the Garden Expo Park, Shougang Park, and the Yongding River, aiming to create a vibrant waterfront area [2] - The second area emphasizes the acceleration of innovation in the Zhongguancun virtual reality industry park and the construction of the "5G+8K" ultra-high-definition demonstration park [2] - The third focus is on the protection and development of the Xishan Yongding River cultural belt, including the integrated operation of Wanping City, Museum Bridge, City Park, and Island [2] Group 2: Infrastructure and Public Services - The plan includes enhancing public services, such as expediting the construction of the subway Line 1 branch and improving transportation conditions in Shougang Park [2] - Projects like the construction of a supporting middle school in Yamenkou and the second phase of the Fuwai Hospital in the Xishan area are also prioritized [2] - The initiative aims to transform ecological advantages into developmental strengths, implementing water pollution prevention measures and creating demonstration areas for urban greenery [2] Group 3: Economic Growth Indicators - In the first quarter of 2025, the GDP growth of Shijingshan District reached 9%, while the GDP growth of Mentougou District was 5.8% [1]

Core Insights - The Jinan New and Old Kinetic Energy Conversion Pilot Zone has shown significant development in the past four years, focusing on industrial aggregation and improving public services, with a clear mission to become a new demonstration area, engine, platform, and urban area [1][4]. Industrial Development - A billion-level industrial cluster is rapidly emerging, with BYD's Jinan base producing one electric vehicle every minute and employing 26,000 people, contributing approximately 55 billion yuan to the local economy [2]. - The Jinan base of BYD has catalyzed the growth of related industries, with the number of automotive parts companies in the nearby Jiyang area increasing from 4 to over 30, with an expected output value exceeding 10 billion yuan in the next two to three years [3]. - The Jinan base of Aiko Solar, a leading photovoltaic battery manufacturer, has begun production, with plans to attract a large number of professionals and drive the transformation of the manufacturing sector in the pilot zone [3]. Economic Impact - The Jinan Yellow River International Convention and Exhibition Center, set to open by the end of 2023, has already hosted 35 events, generating a total contract value of 2 billion yuan and indirectly driving an economic benefit of approximately 18 billion yuan [4]. - The pilot zone has developed into a hub for new energy industries, including electric vehicles, high-efficiency solar cells, and hydrogen energy, with an industrial scale nearing 100 billion yuan [4]. Infrastructure Development - The pilot zone has seen significant infrastructure improvements, with the completion of four new bridges and tunnels, facilitating an average of 74,000 vehicles daily and enhancing connectivity between the new urban area and existing city zones [9][13]. - Over the past four years, more than 290 kilometers of municipal road construction has been initiated, with 180 kilometers already open to traffic, reflecting the high expectations for the pilot zone's development [13]. Talent and Research - The pilot zone has attracted four research institutes affiliated with the Chinese Academy of Sciences, gathering 580 high-level talents and forming a complete innovation ecosystem from research to incubation and industrialization [8]. - The establishment of the Sino-Singapore Green Technology Research Institute aims to cultivate 255 high-level talents in green energy and hydrogen technology over the next five years [8].

小龙虾消费季来了！4月27日，武汉市人民政府新闻办公室召开新闻发布会，介绍2025武汉"夏日荟聚"促消费活动暨小龙虾消费季相关 情况。 见习编辑：冯瀚莹 "乐购武汉"板块，包含寻味一夏（虾）、优选一夏、清凉一夏、焕新一夏四大系列主题活动。武汉将以"相约武汉嘬虾子"为话题，线 上线下联动开展系列美食活动。重点举办小龙虾消费季，联动肥肥虾庄、靓靓蒸虾、巴厘龙虾、一棠龙虾、虾皇等品牌虾企，推出美食盛 宴和特色龙虾节、嘉年华等活动，并发布小龙虾美食地图，持续推广"武汉十大名菜、十大名点"，让市民游客充分体味舌尖上的武汉。 在展会方面，武汉将推出华中国际车展、中国武汉茶博会、华夏家博会、华中国际美妆博览会等消费展，光博会、全国医院建设大 会、智慧城市与智能建造产业博览会等专业展会，以及CGF中国动漫游戏节等"Z世代"特色展会。 活动期间，武汉还将整合龙虾美食、特色排档、江城夜游等消费资源，开展武汉啤酒音乐嘉年华、中法夏至音乐日、首创奥莱"太空奇 缘·城市音乐派对"、白沙天街落日派对、江汉路"心动"市集等夜游、夜购、夜食、夜娱、夜健活动。 同时，武汉将持续开展消费品以旧换新活动，联动汽车、家电、家居、3C数码等销售企业和 ...

Core Points - The China International Service Trade Fair (CIFTIS) has held its first promotional event in Malaysia, indicating a significant step in enhancing service trade cooperation between China and Malaysia [1][5] - The event aims to explore how AI digital technology can empower enterprise transformation and deepen service trade collaboration between the two countries, marking a new historical opportunity in the digital service trade sector [5][7] Group 1: Event Overview - The promotional event was organized by the Beijing International Service Trade Affairs Center and co-hosted by the Kuala Lumpur World Trade Center and the Kuala Lumpur Convention Centre [3] - The event received strong support from the Bank of China Malaysia, highlighting the importance of financial backing in fostering service trade initiatives [3] Group 2: Key Statements and Future Prospects - The Chairman of the Kuala Lumpur World Trade Center expressed confidence in the collaboration with CIFTIS, particularly in areas such as exhibitions, AI digital services, and cultural exchanges [1][5] - A joint statement released on April 17 emphasized cooperation in various sectors, including AI, digital economy, and cultural tourism, with a target bilateral trade volume of USD 212 billion by 2024 [5] - The event serves as a platform to promote high-quality cooperation under the Belt and Road Initiative, focusing on digital, green, and tourism economies [5][7] Group 3: Expert Insights - Various industry leaders shared insights on digital trade, AI technology, and cross-border e-commerce during the event, emphasizing the importance of digital transformation in enhancing service trade [7]

4月17日，广州市政府常务会议审议通过《广州市关于以高水平开放推动服务贸易和数字贸易高质量发 展的若干措施》（下称《若干措施》），提出稳步扩大制度型开放、促进资源要素跨境高效便捷流动等 6个方面22项措施，深化服务贸易和数字贸易领域改革、开放、创新、合作。 为深化服务业对外开放，《若干措施》提出落实全国版、自贸区版跨境服务贸易负面清单，加强粤港澳 大湾区开放措施与跨境服务贸易负面清单工作衔接，紧密对接CEPA服务贸易协议，进一步放宽电信、 医疗、教育等服务领域外商投资准入条件，争创国家服务贸易创新发展示范区。 聚焦专业人才跨境流通，《若干措施》要求深入开展外籍"高精尖缺"人才认定标准试点，开展外国人来 华工作便利化试点，拓展境外职业资格（工种）认可清单，支持外国人才来穗创新创业。此外，《若干 措施》鼓励符合条件的外资机构参与财富管理、绿色金融等方面投融资，促进跨境投融资便利化。 在发展壮大新兴服务贸易方面，广州将引进高品质国际会展，打造一批有国际影响力的会展品牌；扩大 教育、医疗、文化、体育等生活性服务贸易供给，开展外商独资医院试点，积极引进境外高水平教育资 源，引进举办ITF赛事、ATP赛事等国际赛事，促进 ...

Core Insights - The report highlights the ongoing recovery of the domestic economy, supported by government policies aimed at bolstering the real economy, which is expected to provide a solid fundamental backing for the market [11] - The global economic landscape remains complex, with geopolitical risks and trade frictions potentially causing short-term market disturbances [11] Macroeconomic Summary - In January-February 2025, the total profit of industrial enterprises above designated size in China reached 910.99 billion yuan, a year-on-year decrease of 0.3% [4] - The Ministry of Commerce plans to release a "Health Consumption Special Action Plan" during the Consumer Expo, in collaboration with the National Health Commission [4] - The Ministry of Finance and the State Administration of Taxation announced the continuation of offshore trade stamp duty preferential policies from April 1, 2025, to December 31, 2027 [4] Industry Dynamics - The Ministry of Commerce is actively promoting the launch economy, supporting domestic and international quality brands to open their first stores and hold debut events. Related stocks include Miao Exhibition (300795) and Fengshang Culture (300860) [6] - Due to fluctuations in raw material prices and improved downstream demand, prices of several chemical products have risen. Related stocks include Juhua Co., Ltd. (600160) and Wanhua Chemical (600309) [6] - In 2024, approximately 31% of innovative drug candidates introduced by large multinational pharmaceutical companies came from China, with several companies turning losses into profits, driven by revenue from licensing transactions. Related stocks include Heng Rui Medicine (600276) and Xinlitai (002294) [6] Company Focus - Sanhua Intelligent Control (002050) reported a net profit of 3.099 billion yuan in 2024, a year-on-year increase of 6.1%, and plans to distribute a dividend of 2.5 yuan per share [8] - Donghua Testing (300354) successfully applied its self-developed torque sensor and control system in domestic humanoid robot leading enterprises [8] - Small Commodity City (600415) achieved revenue exceeding 15 billion yuan in 2024, with 4.8 million registered purchasers on Chinagoods [8] - Tuojing Technology (688072) launched three new product series to support innovations in semiconductor manufacturing, aligning with its "technology-led" strategic goals [8] Market Review and Outlook - On March 27, 2025, the A-share market saw major indices open low and rise, with the Shanghai Composite Index up 0.15%, the Shenzhen Component Index up 0.23%, and the ChiNext Index up 0.24%. Overall, more than 3,300 stocks declined [10] - The chemical sector has shown significant growth, with sulfuric acid prices increasing nearly 300% over six months, leading to over 20 stocks, including Hualitai, hitting the daily limit [10] - The semiconductor industry chain has rebounded, with the photolithography machine concept leading the gains, benefiting from accelerated domestic substitution expectations [10] - Despite the rebound in certain sectors, the overall market sentiment remains cautious, with a notable decline in stocks related to robotics and deep-sea technology [10]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 胡浩 執行董事及公司秘書 中國‧北京 二零二五年三月二十六日 （股份代號：588） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條之披露要求而 作出。 以下刊載北京北辰實業股份有限公司（「本公司」）將於二零二五年三月二十七日在 上海證券交易所網頁(www.sse.com.cn)（股票代碼：601588）刊載的公告。以下公 告亦刊載於本公司網頁(www.beijingns.com.cn)。 承董事會命 北京北辰實業股份有限公司 於本公告之日，董事會由九名董事組成，當中張杰先生、梁捷女士、楊華森先 生、張文雷女士、胡浩先生及魏明乾先生為執行董事，而周永健博士、甘培忠先 生及錢愛民女士為獨立非執行董事。 北京北辰实业股份有限公司 2024 年年度报告摘要 公司代码：601588 公司简称：北辰实业 北京北辰实业股份有限公司 2024 年年度报告摘要 1 北京北辰实业股份有限公司 ...