Group 1 - The core viewpoint of the news is that the number of inbound and outbound travelers from ASEAN countries through Guangzhou Baiyun Airport has significantly increased in 2023, with a total of approximately 1.5 million travelers, representing a year-on-year growth of 42.6% [1] - Among the travelers, 70.5% are classified as tourists, with a year-on-year increase of over 60% [1] - The implementation of visa exemption policies with Malaysia, Singapore, and Thailand has directly driven the increase in personnel exchanges between China and ASEAN countries [1] Group 2 - Approximately 500,000 travelers from ASEAN countries have utilized the visa exemption policy at Baiyun Airport this year, marking a year-on-year growth of 61.3%, which accounts for 65.4% of the total inbound ASEAN travelers [1] - The most frequent travelers are from Malaysia, Singapore, and Thailand, with respective numbers of 291,000, 117,000, and 104,000, showing year-on-year growth rates of over 41%, 53%, and 67% [1] - The deepening economic cooperation between China and ASEAN, along with the rising demand for "China tours," has led to an increase in direct flight routes, with 9 new or enhanced routes to ASEAN destinations added this year, resulting in over 100 stable weekly operations [1] Group 3 - During the China-ASEAN Expo, border inspection departments are dynamically adjusting personnel and gradually implementing "paperless" customs clearance to ensure efficient passage for exhibitors [2] - Staff proficient in Vietnamese, Thai, and Malay are deployed at the port to provide services, maximizing the use of immigration management policies to ensure round-the-clock customs clearance for travelers and transportation [2]

Group 1 - BlackRock increased its stake in Beijing Capital International Airport (00694) by 134,000 shares at a price of HKD 2.858 per share, totaling approximately HKD 383,000 [1] - Following the increase, BlackRock's total shareholding in the company is approximately 132 million shares, representing a 7% ownership stake [1]

Core Viewpoint - The report from Dongxing Securities indicates a cautious approach from airlines regarding capacity deployment in domestic routes, with improvements in passenger load factors observed in August, supported by the introduction of the self-discipline convention by the China Air Transport Association [1][5]. Domestic Routes - In August, the capacity deployment for domestic routes by listed companies increased by approximately 1.7% year-on-year and 0.8% month-on-month, with growth rates declining to a lower level [2]. - The three major airlines maintained a capacity deployment level in August that was largely unchanged from July, with year-on-year growth rates declining compared to July [2]. - The overall passenger load factor for listed companies improved by about 0.9 percentage points year-on-year and increased by 3.3 percentage points month-on-month, indicating a significant recovery in load factors [2]. - Airlines adjusted their strategies in response to lower-than-expected demand, shifting focus from maximizing load factors to balancing capacity and pricing for better profitability [2][3]. International Routes - For international routes, capacity deployment by listed airlines increased by approximately 14.6% year-on-year and 1.0% month-on-month in August [4]. - The passenger load factor for international routes remained stable year-on-year, with a month-on-month increase of about 2.8 percentage points [4]. - Notable increases in load factors were observed for Spring Airlines and China Eastern Airlines, both based in Shanghai, reflecting strong seasonal demand in the region [4]. Industry Policy Changes and Investment Recommendations - The introduction of the self-discipline convention by the China Air Transport Association in August has laid the groundwork for reducing market chaos and improving operational standards, contributing to revenue enhancement [5]. - The ongoing effort to combat internal competition is seen as a long-term initiative that will aid in the rebalancing of the industry and improve overall profitability [5]. - Large airlines are expected to benefit more significantly from these changes, suggesting a focus on these companies for investment opportunities [5].

Core Insights - Shenzhen Airport has seen over 1 million foreign entries this year, marking a year-on-year increase of over 45%, achieving a historical high for the same period [1] - The increase is attributed to relaxed visa policies, an expanding international flight network, and convenient measures such as tax refunds and electronic payments [1] Group 1 - As of September 15, the number of foreign entrants has surpassed 510,000, with a year-on-year growth of over 46%, and nearly 60% of these entries were visa-free, reflecting a significant increase of over 143% [1] - Shenzhen Airport has launched new and enhanced routes to various international destinations, including Malé, Siem Reap, Singapore, Tokyo, and Bangkok, with plans to add a route to Melbourne [1] - The airport now covers over 50 international and regional destinations, with a flight network spanning more than 30 countries and regions across five continents, operating approximately 800 outbound and inbound flights weekly [1] Group 2 - The Shenzhen border inspection station plans to further optimize operational organization, scientifically allocate personnel, and implement a zoned inspection model to enhance port clearance efficiency [1]

Core Points - The company is set to list 127,583,567 shares through a non-public offering, with the circulation date scheduled for September 23, 2025 [1][6] - The shares are classified as limited condition circulating shares, with a lock-up period of 36 months for the subscribers [2][3] - The total number of shares issued in this transaction amounts to 561,522,892 shares, which includes the shares issued for asset acquisition and fundraising [1][2] Summary by Sections Type of Restricted Shares - The shares being listed are limited condition circulating shares from a non-public offering [1] - The company received approval from the China Securities Regulatory Commission for the issuance of shares to acquire assets and raise funds [1] Changes in Share Capital - There have been no changes in the company's share capital due to distribution or capital reserve transfers since the formation of the restricted shares [2] Lock-up Commitments - The airport group has committed that the shares acquired through this transaction will not be transferred for 36 months post-issuance [3] - Any additional shares obtained through company actions like stock dividends will also be subject to the same lock-up arrangement [3] Related Party Transactions - As of the announcement date, there are no instances of fund occupation by the controlling shareholder or its affiliates [4] Independent Verification - The independent financial advisor has confirmed that the release of restricted shares for circulation complies with relevant laws and regulations [5] - There are no objections from the independent financial advisor regarding the listing of the restricted shares [5] Listing Details - The total number of restricted shares being listed is 127,583,567 [6] - The listing date for these shares is confirmed as September 23, 2025 [6]

Core Viewpoint - The announcement details the listing of restricted shares resulting from a non-public issuance of shares by Shanghai International Airport Co., Ltd. to Shanghai Airport (Group) Co., Ltd. for asset acquisition and fundraising purposes, with a total of 127,583,567 shares set to be listed on September 23, 2025 [1][5]. Group 1: Share Issuance and Listing - The company received approval from the China Securities Regulatory Commission on April 25, 2022, to issue 433,939,325 shares for asset acquisition and to raise up to 5 billion yuan, with the actual issuance being 127,583,567 shares [2]. - The newly issued shares are classified as restricted shares, which cannot be transferred for 36 months following the issuance [3][4]. - The total number of restricted shares to be listed is 127,583,567, with the listing date set for September 23, 2025 [6]. Group 2: Compliance and Commitments - The airport group has committed that the shares acquired through this transaction will not be transferred for 36 months from the issuance date, and any additional shares acquired through company actions will also be subject to the same lock-up period [4]. - As of the announcement date, the airport group has adhered to its commitments regarding the lock-up period [5]. - Independent financial advisor Guotai Junan Securities Co., Ltd. confirmed that the listing of the restricted shares complies with relevant laws and regulations [5].

Group 1 - Hainan Airport's stock closed at 4.07 yuan on September 16, 2025, with a 2.26% increase and a trading volume of 1.24 million shares, amounting to a total transaction value of 500 million yuan [1] - On September 16, the net inflow of main funds was 53.51 million yuan, accounting for 10.71% of the total transaction value, while retail investors experienced a net outflow of 13.94 million yuan, representing 2.79% of the total transaction value [1][3] - The company reported a year-on-year increase of 1.58% in aircraft movements for August, totaling 11,609, while passenger throughput decreased by 1.90% to 1.8768 million [1] Group 2 - The cargo and mail throughput for August reached 6,551 tons, showing a significant year-on-year increase of 21.95% [1][3] - International flight movements increased by 39.32% to 450, with international passenger throughput rising by 41.00% to 64,600 [1] - Sanya Phoenix International Airport reported a year-on-year decrease in aircraft movements and passenger throughput, with 13,903 aircraft movements and 2.1762 million passengers, but international passenger throughput increased by 40.58% [1][3]

Core Points - Beijing Daxing International Airport has won six awards at the 2025 International Airport Expo and the 10th China Airport Service Conference, including the "Best Airport in the Asia-Pacific Region for 25-40 Million Passengers" and "Most Convenient Airport Journey" [1][2] - The awards highlight the airport's commitment to enhancing the overall travel experience, focusing on convenience, enjoyment, cleanliness, and employee dedication [2] Group 1 - The airport received accolades for convenience through continuous upgrades in security checks, optimized transfer services, and a "one-stop" foreign service center, enabling a seamless experience via mobile applications [2] - Cultural integration and commercial innovation were emphasized in the "Most Enjoyable" category, with performances and diverse brand offerings enhancing the travel experience [2] - Cleanliness was achieved through real-time air quality monitoring and comprehensive sanitation measures, ensuring a safe travel environment [2] Group 2 - The "Most Dedicated Employee Team" award reflects the airport's service philosophy of treating passengers with care and warmth, providing tailored services to meet diverse needs [2]

Group 1 - Hainan Airport's stock closed at 3.98 yuan on September 15, 2025, down 0.5% with a turnover rate of 0.83% and a trading volume of 763,100 shares, amounting to a transaction value of 303 million yuan [1] - On September 15, 2025, the net outflow of main funds was 50.13 million yuan, accounting for 16.53% of the total transaction value, while retail investors saw a net inflow of 38.57 million yuan, representing 12.72% of the total transaction value [1][3] Group 2 - In August 2025, Hainan Airport reported a total of 11,609 aircraft movements, a year-on-year increase of 1.58%, while passenger throughput was 1.8768 million, a decrease of 1.90% [1] - The cargo and mail throughput reached 6,551 tons in August, showing a significant year-on-year increase of 21.95% [1][3] - International flight movements increased significantly, with 450 flights, a year-on-year growth of 39.32%, and international passenger throughput reached 64,600, marking a 41.00% increase [1][3] - Sanya Phoenix International Airport recorded 13,903 aircraft movements in August, a decrease of 3.32%, and passenger throughput of 2.1762 million, down 3.35%, while international passenger throughput increased by 40.58% to 65,100 [1]

来源：中国新闻网 编辑：王永乐 深圳机场迎来享受试行免签政策便利的首位俄罗斯旅客 中新网深圳9月15日电 (索有为 曾辉)9月15日12时12分，一架由迪拜飞来的国际航班顺利抵达深圳宝安 国际机场。旅客Bakytzhan Adylbekov(巴克特然·阿德尔别科夫)在边检民警的服务下，顺利免签入境，成 为深圳机场口岸首位享受该政策便利的俄罗斯人员。 为进一步便利中外人员往来，自2025年9月15日至2026年9月14日，中国对俄罗斯持普通护照人员试行免 签政策。俄罗斯持普通护照人员来华经商、旅游观光、探亲访友、交流访问、过境不超过30天，可免办 签证入境。 "这是我第二次来到中国。有了免签政策，来这里非常方便。对我们俄罗斯人来说，通关更快了。这次 我打算去深圳和云南，到不同的旅游景点，计划在中国待14天。"俄罗斯旅客Bakytzhan Adylbekov(巴克 特然·阿德尔别科夫)说道。 据深圳边检总站统计，今年以来，超3.5万人次俄罗斯人员经深圳机场口岸出入境和过境，同比增长 10.2%。 目前，深圳机场已开通深圳直飞莫斯科航线。还有许多俄罗斯旅客经中东、东南亚国家中转来深。边检 机关预计免签政策试行后，将 ...