Core Viewpoint - Alibaba is making significant investments in the enterprise-level AI sector, with DingTalk as a central focus, marking a substantial transition towards "intelligent" capabilities [1] Group 1: Product Development - DingTalk has launched the AI spreadsheet, which serves as an entry point for AI in every cell, allowing real-time data analysis and rapid business process construction [1] - The AI spreadsheet introduces the "spreadsheet as a document" feature, transforming each row into an independent document, thus creating a powerful business knowledge repository [1] - The launch of the AI spreadsheet is a critical step in Alibaba's AI to B strategy, indicating a tangible shift towards DingTalk's transformation into an "intelligent entity" [1] Group 2: Strategic Focus - Since the return of former key figure Chen Hang as CEO in March, DingTalk's strategic focus has shifted towards enhancing user experience and co-creating AI-native productivity tools [2] - Chen Hang emphasized two main objectives: optimizing product experience and returning to frontline operations to listen to user needs [2] Group 3: AI Integration and Efficiency - The AI spreadsheet allows for the extraction, classification, understanding, and matching of information, generating multi-modal content based on user requirements [2] - Users can create automated processes by setting "trigger conditions" and "execution actions," enabling immediate responses to data changes, thus addressing efficiency pain points in business processes [2] - The AI spreadsheet has become a vital tool for many enterprises, with applications in e-commerce operations, brand promotions, and market management [2] Group 4: Market Position and Challenges - For e-commerce brands, the AI spreadsheet significantly reduces the time required for data analysis, transforming a three-day task into a ten-minute process [3] - Despite having a strategic advantage, DingTalk faces challenges in establishing the AI spreadsheet as a leading product in the enterprise market, requiring rigorous testing in practical applications [4] - The competition in the collaborative office sector is intensifying, with ByteDance's Feishu and Tencent's enterprise services rapidly advancing their product capabilities and AI applications [3][4]

展望未来，刘凯旋说，署方将聚焦金融服务与金融科技、创科、供应链管理与物流，以及可持续发展与 绿色经济，并致力推广香港"可感知、可体验"的软实力，推动文化出海，向全球展示香港的魅力以吸引 投资，积极推广香港作为"引进来"和"走出去"的双向平台。 今年是投资推广署成立25周年，在过去四分之一世纪，投资推广署累计协助超过来自全球各地的7700家 海外及内地企业在港设立或扩展业务，涵盖金融、创科、专业服务、可持续发展等多元领域，创造超过 9.5万个职位，直接投资金额累计超过4400亿港元。 过去两年半，受助企业的最大来源地为中国内地，共630间公司，其次是美国113间，英国89间，新加坡 68间，加拿大38间。 按行业分布，金融服务及金融科技占最多，有283间；其次为创新及科技，有275间；家族办公室有179 间；旅游及款待占148间；商务及专业服务有129间。 此外，由投资推广署负责财务审查的新资本投资者入境计划，自2024年3月推出以来，截至上月接获 1548宗申请，673宗申请获正式批准，已获核实的投资金额逾210亿港元，预计可为香港带来的投资金额 逾460亿港元。 本报香港7月8日电(记者陈然)香港特区政府投 ...

Group 1 - The core viewpoint of the article indicates a slight recovery in the Shanghai office market in the first half of 2025, driven by strong performance in the finance, consumer goods manufacturing, and technology sectors [2][3] - In the first half of 2025, four new office projects were launched in Shanghai, with a total supply of 302,000 square meters, reflecting a 3.9% decrease compared to the previous period [2] - The net absorption in the Shanghai office market increased by 126.1% to 173,000 square meters, indicating a certain level of market activity despite challenges such as rising vacancy rates [2] Group 2 - The finance sector led the market with a 22% share, driven by demand from funds and non-bank financial institutions [2] - The consumer goods manufacturing sector ranked second with a 17% share, benefiting from the expansion needs of fast-moving consumer goods and home goods companies [2] - The technology, media, and telecommunications (TMT) sector ranked third with a 16% share, primarily driven by the expansion of cross-border e-commerce and internet platform companies [2] Group 3 - The professional services sector ranked fourth with a 10% share, supported by the relocation and expansion needs of legal and media companies [2] - A notable trend is the increasing preference for cooperative operation models among some property owners to enhance property attractiveness, with third-party office operations ranking fifth at 6% [2] - Looking ahead, approximately 770,000 square meters of new office supply is expected in the next six months, which may increase market competition but also enhance market liquidity and rental activity [3]

数据显示，今年上半年，上海办公楼市场呈现小幅回暖态势，全市净吸纳量环比增长126.1%至17.3万平 方米。 从行业需求来看，今年上半年，金融业以22%的占比继续领跑上海办公楼市场；消费品制造业位居第 二，占比17%，主要来自快消品和家居类企业的扩张需求；TMT位列第三，占比达16%，跨境电商和互 联网平台公司的扩张成为其主要驱动力；专业服务业排名第四，占比10%，主要来自法律和传媒类企业 的搬迁扩张需求；第三方办公运营排名第五，占比6%。 租金方面，上半年，上海办公楼市场租金报价较去年年底下降3.0%至每月每平方米247.2元，有效租金 下降4.3%至每月每平方米174.4元。 世邦魏理仕中国区顾问及交易服务部办公楼负责人张越表示："未来六个月，上海办公楼市场预计将迎 来约77万平方米的新增供应，尽管短期内将增加市场竞争，但同时也将有效激活市场流动性，推动租赁 交易的活跃度提升。" 世邦魏理仕7月8日发布的《2025年上半年上海房地产市场回顾》显示，今年上半年，上海办公楼市场需 求小幅回暖，金融、消费品制造业与科技行业表现突出。 在投资市场，今年上半年，上海物业投资市场共发生36笔交易，交易金额累计230. ...

7月8日，易点云回购12.00万股股票，每股回购均价2.22港元，共耗资约26.61万港元，本年累计回购 1506.25万股，占总股本2.89%。 截至当日港股收盘，易点云上涨0.88%，报2.3港元/股。 易点示诉期回财情况 回购日期回购均价回购股数回购金额本年累计回购股数2025-07-082.21712.00万26.61万1506.25万2025- 07-042.24324.00万53.82万1494.25万2025-06-302.1049.10万19.15万1470.25万2025-06-272.09397.00万 203.06万1461.15万2025-06-262.05020.00万41.00万1364.15万2025-06-241.98916.35万32.52万1344.15万 2025-06-231.9648.00万15.71万1327.80万2025-06-201.88256.00万105.38万1319.80万2025-06-191.8673.00万 5.60万1263.80万2025-06-181.89113.00万24.59万1260.80万2025-06-171.85237.00万6 ...

当前，越来越多的民营企业正通过强化创新研发、推进数字化转型、拓展海外市场等途径，积极转变发 展方式，在经济环境变化的风浪中勇敢搏击，沿着高质量发展的道路创新蝶变。 向"新"而行 激活发展动能 超低铝合金、硅基钡合金、硅基锶合金……这些形态各异的合金孕育剂记录着宁夏石嘴山市宝马兴庆特 种合金有限公司的创新转型之路。 十余年前，高耗能、高污染的硅铁合金行业成为落后产能淘汰的重点行业，宝马兴庆将视野转向高端合 金孕育剂这一新赛道。"公司做实验花了3年时间，耗费6000多万元后已资不抵债，可谓是'背水一 战'。"公司副总经理王凯说。 在锲而不舍的攻关下，2015年底，宝马兴庆全面打通高端合金孕育剂的工艺路线，产销量跳跃式增长， 连续多年增速在20%以上，目前年销售额达3亿元，每年科研投入超过1000万元。 新华财经北京7月8日电（记者张千千、孙飞、马丽娟）民营经济是推进中国式现代化的生力军，是高质 量发展的重要基础。 当前，科技创新已成民营企业转型发展的重要抓手。数据显示，民营企业贡献了70%以上的技术创新成 果，涵盖了80%以上的国家专精特新"小巨人"企业和90%以上的国家高新技术企业，成为科技创新的重 要主体。 ...

7月7日，香港投资推广署宣布，该署于2023年1月至2025年上半年共协助了超过1300间海外及内地企业在港开设或拓展业务，这些 企业在开设或扩展业务的首，为香港带来了超过1600亿港元的外来直接投资，创造了逾19000个新职位，不仅为香港本地就业市场 带来实质效益，更印证了香港作为亚洲领先的商业枢纽。 这些成绩显示，香港投资推广署已提早完成2022年《施政报告》所订立的绩效指标，相关数据如下： | | 绩效指标 | 投资推广署成绩 | | --- | --- | --- | | | (在二○二三至二○二五年间) | (二。二三年一月至二。二五上半年) | | 企业数目 | 至少1 130间 | 1 301间 | | 直接投资金额 | 至少770亿港元 | 1,684亿港元 | | 创造就业机会 | 至少15 250个 | 19 136个 | 当中，受助企业首五大来源地如下，遍布北美洲、欧洲和亚洲等市场： 香港投资推广署署长刘凯旋表示，在地缘政治等外围因素挑战下，香港有危亦有机。香港投资推广署将进一步推动香港与海内外 市场联动，致力深耕欧美北亚等传统市场，同时积极开拓新兴市场。 刘凯旋表示，香港投资推广署的招 ...

中证报中证网讯（记者 彭扬）世邦魏理仕7月4日发布的《2025年上半年北京房地产市场回顾与展 望》报告显示，2025年上半年，北京办公楼市场三大科技中心区（中关村、奥体、望京）去化领先，供 需结构稳步改善。 新租需求稳步改善，叠加优质楼宇大面积退租减少，第二季度全市净吸纳量环比攀升至14.5万平方 米，上半年累计达25.5万平方米，同比增长1.1倍。从子市场看，中关村、奥体、望京三大科技中心区凭 借人才及产业链等优势，成为头部科技企业战略布局的首选，上半年90%的万平米级租赁交易落位这些 区域，净吸纳量合计占全市的80%。 世邦魏理仕华北区顾问及交易服务部办公楼租户负责人袁慧表示，今年下半年仅有一个新项目预计 在年底投放至新兴区域。尽管缺少新增供应，存量可租面积仍然充裕，租户仍可获得高性价比的空间解 决方案。 报告指出，2025年第二季度，位于石景山和菜市口的两个新项目交付使用，为市场带来14.8万平方 米的新增办公面积。上半年，全市新增供应总量为18万平方米，已经完成全年预期总量的83%。 报告显示，市场情绪延续向好，上半年全市新租交易总面积同比增长33%。上半年新租需求的三大 主力行业依次是TMT（40% ...

期货研究报告 金融研究 [Table_ReportType] 半年报 走势评级： 戴朝盛—宏观分析师 ###—###研究员 从业资格证号：F03118012 从业资格证号： 投资咨询证号：Z0019368 投资咨询证号： 联系电话：0571-28132632 联系电话： 邮箱：daichaosheng@cindasc.com 邮箱： 前高后低，伺机而动 [Table_ReportDate] 报告日期： 2025 年 7 月 4 日 报告内容摘要: [Table_Summary] 国内经济整体前高后低。为应对出口带来的冲击，政策储备作用对象明确。 3000 亿（VS 2024 年 1500 亿）以旧换新补贴剑指消费，8000 亿（VS 2024 年 7000 亿）两重项目投资支撑基建，2000 亿（VS 2024 年 1500 亿）设备 更新补贴用于制造业投资。在政策前置发力下，一季度 GDP 增速高达 5.4%， 预计二季度仍将在 5%以上。 外部三大扰动：关税、OBBB 法案、美联储降息时点 大类资产走势展望 | 股 | 区间震荡 | | --- | --- | | 债 | 利率有望破新低 | | 人民币汇 ...

Core Insights - The report by CBRE indicates a positive trend in Beijing's office market, with a 33% year-on-year increase in new leasing transaction area in the first half of the year [1][2] Supply and Demand - In the first half of the year, Beijing's total new supply reached 180,000 square meters, accounting for 83% of the annual forecast [1] - The net absorption in the second quarter rose to 145,000 square meters, with a cumulative total of 255,000 square meters for the first half, representing a 1.1 times year-on-year increase [2] - The overall vacancy rate decreased by 0.8 percentage points to 20.2% in the first half of the year [2] Market Segmentation - The three main industries driving new leasing demand are TMT (40%), finance (20%), and professional services (12%) [1] - Key technology hubs like Zhongguancun, Olympic Sports Center, and Wangjing accounted for 90% of large-scale leasing transactions, with a combined net absorption of 80% of the city's total [2] - Traditional markets such as Yansha, CBD, and Wangfujing experienced negative net absorption, particularly in the B-grade market [2] Rental Trends - Average rent decreased by 2.7% quarter-on-quarter and 5.5% year-on-year, reaching 241.7 yuan per square meter per month [2] - Emerging areas are actively adjusting rental strategies to mitigate vacancy pressures and maintain cost advantages [2] Future Outlook - Only one new project is expected to be launched in the emerging area by the end of the year, but ample existing rental space remains available [3] - The Beijing government has introduced several measures to optimize the business environment, which is expected to positively impact demand from headquarters, R&D, and foreign investment [3]