数据亦显示，香港上市后再融资额增至660亿美元，创下2021年以来的最高纪录。其中200亿美元是发行人通过发行股票挂钩产品获得 的融资，融资额同创新高。 年内亦录得多宗标志性交易，逾10亿美元大型交易20宗，包括全球汽车行业规模最大的配售交易及全球第二大科技类可转换债券交 易。 2月10日，港交所(00388)发布2025年香港股权资本市场回顾。2025年，香港资本市场表现亮眼，许多上市股份表现优秀、成交一再创新 高，港股通交投活跃。根据Dealogic的数据，2025年香港股权资本市场的集资额达1,030亿美元，同比升164%。其中，首次公开招股集 资规模达374亿美元，同比增长231%；上市后再融资规模达660亿美元，同比升136%。与此同时，二级市场亦相当活跃：现货市场平均 每日成交额同比升89.5%，港股通亦非常活跃。 两大增长动能 香港资本市场助力各不同发展阶段的发行人实现融资，年内新股发行及再融资活动均大幅增长。 2025年底，香港重登全球新股集资中心榜首，119家新上市公司集资共374亿美元，当中包括全球五大新股的其中两只。全年集资总额 更是香港2021年以来的新高，超过前三年总和。 根据Dea ...

Core Insights - Hong Kong's capital market showed remarkable performance in 2025, with total fundraising reaching $103 billion, a year-on-year increase of 164% [1][3] - The initial public offering (IPO) fundraising amounted to $37.4 billion, up 231% year-on-year, while post-listing refinancing reached $66 billion, a 136% increase [1][3] Group 1: Market Performance - Hong Kong regained its position as the global leader in new stock fundraising by the end of 2025, with 119 new listings raising a total of $37.4 billion, surpassing the total from the previous three years [3] - The average daily trading volume in the secondary market increased by 89.5% year-on-year, indicating high trading activity [1] Group 2: New Listings and Performance - New stocks with fundraising of $100 million or more saw an average first-day price increase of 23.8%, with an average one-month increase of 30.7%, marking the best performance in nearly 20 years [5] - Notable transactions included 20 large deals exceeding $1 billion, including the largest placement in the global automotive sector and the second-largest convertible bond deal in the tech sector [5] Group 3: Investor Participation - The investor base in Hong Kong's primary and secondary markets has become increasingly diverse, including global institutional investors and retail investors from mainland China [9] - Institutional investors accounted for a significant portion of the top 20 most active cornerstone investors in Hong Kong's equity capital market [9] Group 4: Industry Diversity - Hong Kong maintained its status as a diversified fundraising center, ranking among the top globally in various industry fundraising scales [11] - In the industrial and new energy sectors, Hong Kong ranked first globally in new stock fundraising at $14.3 billion and second in equity capital market issuance at $24.7 billion [13] Group 5: Future Trends - The capital market in Hong Kong started strong in 2026, with equity capital market issuance reaching $15.8 billion by January 30, six times the amount from the same period in 2025 [16] - The artificial intelligence sector is expected to play a significant role in IPO activities, contributing to a vibrant ecosystem for innovative companies [16]

Industry Insights - The Ministry of Industry and Information Technology and three other departments jointly issued the "Implementation Plan for Digital Transformation in the Automotive Industry," aiming to enhance the top-level design of digital transformation and promote high-quality development in the automotive sector [1] - The National Development and Reform Commission and four other departments released opinions on strengthening the construction of data element disciplines and digital talent teams, aiming to activate data elements to empower new productivity and promote the integration of education, talent, industry, and innovation chains in the data field [1] - Zhejiang Province has launched a major technological initiative for low-altitude economy, targeting key technologies in equipment manufacturing, operational support, and scenario applications over the next three years to support the development of a low-altitude economy [1] Company News - China Ocean Shipping Group signed contracts for 87 new ship orders with China Shipbuilding Group, with a total contract value of approximately 50 billion RMB, marking the highest single cooperation signing amount for domestic shipbuilding enterprises [1] - JD Logistics has launched its sixth-generation intelligent delivery vehicle in Saudi Arabia, which will collaborate with JoyExpress couriers to provide last-mile delivery services for local consumers [1] - Cainiao's Hong Kong eHub smart air cargo center has officially launched an automated stacking system, becoming the first in Hong Kong to achieve full-process automation from security inspection to grouping [1] - Deppon Express has created a "direct train" for Middle East logistics, opening air and sea transport routes connecting China to six countries including the UAE and Saudi Arabia, providing full-link logistics services to connect with the Middle East market [1] - Beijing Hualian Printing has introduced BYD's new energy forklifts, achieving a dual leap in environmental efficiency and operational efficiency [1] - Shenzhou Holdings has opened its flagship warehouse in South China, serving as a logistics center to empower the upgrade of fast-moving consumer goods in the South China region [1] - New Stone Technology has officially entered JD's self-operated mall, becoming the first unmanned vehicle brand to partner with a comprehensive e-commerce platform, exploring new paths for unmanned vehicle commercialization [1]

随着马年春节的临近，为保障春节期间跨境商家发货不停，菜鸟全球供应链、菜鸟跨境物流今日宣布启 动春节保障措施。 此外，为应对春节运营，菜鸟已采取多项人员与技术支持措施。公司将为值守员工发放留岗补贴与节日 激励，并组织年夜饭、集体观看春晚等活动。节前，菜鸟跨境物流已在60余个城市举办约50场"团圆 宴"，覆盖华南、华东、东南、中北四个大区，其中规模最大的东莞沙田场次参与员工超过600人。 "春节激励比较到位，错峰回家时可以用补贴给家人买更多礼物。"东莞沙田仓操作员郭梓升表示。他是 今年首次在仓库过年的一线员工之一。 面对春节旺季酒水、乳饮等重货、易碎品订单量上升的情况，菜鸟则在武汉、无锡等智能仓内投入机器 人进行自动搬运，以降低员工体力负荷、提升作业效率。通过数字化系统与自动化设备协同，单件重货 从拣选到出库最快仅需2分钟。 跨境物流服务方面，菜鸟还依托多航线、多口岸的物流网络，保障干线运输与末端派送顺畅。目前，菜 鸟物流网络已覆盖全球200多个国家和地区，运营超过1000万平方米的全球智能仓储网络，并为商家提 供"全球5日达""全球10日达"等国际履约服务。 本文系观察者网独家稿件，未经授权，不得转载。 在国内 ...

Core Viewpoint - Eastern Airlines Logistics has initiated its Spring Festival supply guarantee operations, focusing on the smooth circulation of essential goods and festive products during the 2026 Spring Festival, with an average daily cargo handling volume exceeding 7,000 tons in Shanghai alone during the first week of the Spring Festival [1]. Group 1 - Eastern Airlines Logistics has dynamically optimized capacity allocation to meet the demand for festive goods transportation, ensuring that capacity matches market needs through measures such as charter flights and flight adjustments [2]. - Safety is prioritized in operations, with the company implementing a series of measures including aircraft airworthiness management, weather warning systems, and strict operational monitoring to establish a robust safety defense for holiday supplies [2]. - The company has enhanced personnel and facility support to ensure efficient last-mile delivery of festive goods, optimizing workforce scheduling and completing key facility maintenance in advance [2]. Group 2 - Regional branches of Eastern Airlines Logistics have tailored their logistics services to meet local specialty goods and essential needs, such as upgrading the "land-to-air" model in North China to facilitate the distribution of fresh produce [3]. - The Southwest branch has established a temporary storage area and priority channel for flowers to minimize ground handling time, while the South China branch has reinforced temperature control to maintain the quality of aquatic products [3]. - These logistics initiatives collectively contribute to the efficient delivery of regional specialties and festive flavors across the country, supporting the concept of a "flowing China" through a reliable logistics network [3].

2月9日，中国物流集团装备物流有限公司（下称"公司"）揭牌仪式在北京举行。 据悉，该公司由中国电气装备与中国物流两大央企合资成立，将锚定打造一流能源装备物流和一流特种大件物流企业目标，以保障产业链供应链安全为首 要职责，致力于构建覆盖输配电设备全生命周期的定制化服务体系，通过科技创新打造装备物流新质生产力，为保障国家能源战略、服务现代化产业体系 贡献专业力量。 近期，中国物流旗下中国物流集团控股有限公司、中国物流集团汽车供应链科技有限公司相继揭牌。其中，中国物流集团汽车供应链科技有限公司由中国 物流与中国一汽合作成立。 探索物流业与制造业深度融合的创新路径 中国电气装备党委书记、董事长李洪凤，中国物流党委书记、董事长刘敬桢，上海市静安区副区长胡勇，中国电气装备党委副书记、总经理闫华锋，中国 物流党委副书记、总经理徐鸿，中国物流外部董事孙子宇为中国物流集团装备物流有限公司揭牌。 徐鸿在致辞中表示，合资公司将融合中国电气装备的产业链核心地位与中国物流的网络、技术及综合服务能力，通过供应链上下游一体化整合，实现物流 降本提质增效；同时深化科技创新，推动现代物流与装备制造领域新质生产力发展。期待双方携手打造"两业融合 ...

2025年全国社会物流总额368.2万亿元，按可比价格计算，同比增长5.1%。全年各季度物流需求增速保 持稳定增长。从长期趋势看，"十四五"时期社会物流总额年均增长5.7%，增速均高于同期GDP，物流对 实体经济的拉动作用强劲。 2025年单位与居民物品物流总额同比增长5.1%，年内延续良好增长态势，各领域消费物流需求潜力稳 定释放。2025年进口物流总额同比增长0.5%，呈现逐季攀升的运行态势。结构上，产业转型、消费升 级带动相关货类进口物流量增长较快。 中国物流与采购联合会今天（10日）公布2025年全国物流运行数据。2025年我国物流需求规模稳步扩 张、结构不断优化，物流效率持续提升，社会物流总费用与GDP比率降至历史最低水平，物流对经济发 展的支撑效能不断增强，全年全国社会物流总额超368万亿元。 2025年我国工业品物流总额同比增长5.3%，对社会物流总额增长的贡献率达82%，核心支柱地位持续巩 固。在工业经济结构升级带动下，装备制造业、高技术制造业物流需求成为核心增长点，2025年相关物 流需求增速均超过9%。 新兴产业物流需求增速显著，2025年工业机器人物流量同比增长28%，新能源汽车物流量同 ...

中国物流集团装备物流有限公司将锚定能源装备物流和特种大件物流领域"双一流"目标，以保障产业链供应链安全为首要职责，致力 于构建覆盖输配电设备全生命周期的定制化服务体系，通过科技创新打造装备物流新质生产力，为保障国家能源战略、服务现代化产业 体系贡献专业力量。 中国物流集团装备物流有限公司揭牌仪式在北京举行。 2月9日，中国物流集团装备物流有限公司揭牌仪式在北京举行。中国电气装备党委书记、董事长李洪凤，中国物流党委书记、董事长 刘敬桢，上海市静安区副区长胡勇，集团公司党委副书记、总经理闫华锋，中国物流党委副书记、总经理徐鸿，中国物流外部董事孙子 宇出席仪式并为中国物流集团装备物流有限公司揭牌，共同见证新公司启航。集团公司领导班子成员朱安珂、张帆，中国物流领导班子 成员钟吉昌、王虹、杜波、刘成、魏东参加座谈和仪式。中国物流党委常委、副总经理李向阳主持仪式。 闫华锋在致辞中表示，中国电气装备与中国物流同为各自领域的"国家队"，新公司揭牌是双方深化战略协同的重要成果，更是我国高 端装备制造与现代物流深度融合的坚实一步。期待新公司发挥资源聚集优势，加快构建技术先进、安全可靠、运行高效的现代化装备物 流体系，探索物流业与 ...

Market Overview - The A-share market experienced a significant increase, with the Shanghai Composite Index rising by 1.41% to 4,123.09 points, the Shenzhen Component Index increasing by 2.17% to 14,208.44 points, and the ChiNext Index climbing by 2.98% to 3,332.77 points. The total market turnover reached 2.27 trillion yuan, up from 2.16 trillion yuan the previous day [10][5]. - In the Asia-Pacific market, the Hang Seng Index rose by 1.76%, the Nikkei 225 surged by 3.89% to 56,363.94 points, and the Korean Composite Index increased by 4.1% to 5,298.04 points [10][5]. - European markets saw all major indices close higher, with the DAX Index up by 1.19% to 25,014.87 points and the CAC40 Index rising by 0.6% to 8,323.28 points [10][5]. - In the US market, all three major indices closed higher, with the Dow Jones Industrial Average up by 0.04% to 50,135.87 points, marking a new closing high [10][5]. International News - The US plans to reduce the most-favored-nation tariff on Bangladesh to 19%, down from 20%, and provide exemptions for certain textiles, which will support Bangladesh's garment industry [9]. - In the UK, a political "black swan" event occurred as the Prime Minister's chief of staff and communications director resigned amid a scandal involving a former ambassador [9]. - Japan's Prime Minister announced plans to promote nationwide discussions on food tax reductions without issuing new debt, emphasizing fiscal sustainability [9]. Domestic News - The Shanghai and Shenzhen Stock Exchanges announced a package of measures to optimize refinancing, aiming to support the innovative development of quality listed companies [12]. - The Chinese government is focusing on technological self-reliance and innovation, as highlighted by President Xi Jinping during his recent inspection of a technology innovation center [11]. - A meeting involving multiple departments addressed labor rights for new employment forms, guiding 16 companies, including major delivery services, to improve labor management [13]. Important Announcements - Contemporary Amperex Technology Co., Ltd. plans to launch an employee stock ownership plan for 2026 [15]. - Jinhui Mining intends to acquire Fusheng Mining for 210 million yuan, with an annual gold production capacity of 50,000 tons [15]. - Efort will purchase 100% of Shengpu shares, with stock resuming trading [15].

2025年中国实现物流业总收入14.3万亿元 同比增长4.1% 中新社北京2月10日电 (记者 阮煜琳)中国物流与采购联合会10日发布数据显示，2025年中国实现物流业 总收入14.3万亿元人民币，同比增长4.1%，增速与物流需求增长基本匹配。 分析称，2025年，中国物流业总收入稳步增长，行业景气水平保持良好。全年中国物流业景气指数平均 为50.8%，各季度均值均在50%以上，呈现稳中向好的运行态势。各月业务量、新订单指数平均波动幅 度较上年有所收窄，显示物流运行的稳定性有所增强，物流供给体系能够更灵活、精准地响应市场需求 变化。 来源：中国新闻网 编辑：徐世明 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 同期，仓储物流高效运行、电商物流持续向好，共同为商贸流通循环畅通提供了有力保障，推动商品流 通效率持续提升。依托国际物流通道建设持续推进，受益于东南亚等新兴市场电商的蓬勃发展，国际物 流呈现良好发展态势，跨境物流服 ...