截至 6 月 13 日，城投债、产业债成交期限分别加权于 2.35 年、2.98 年，均处于 2021 年 3 月以来 90%以上分位数水 平，商业银行债中，二级资本债、银行永续债以及一般商金债加权平均成交期限分别为 3.90、3.70 年、2.03 年，其 中一般商金债位于较低历史水平；从其余金融债来看，证券公司债、证券次级债、保险公司债、租赁公司债久期分别 为 1.64 年、2.05 年、3.56 年、1.62 年，其中证券公司债、证券次级债位于较低历史分位，租赁公司债位于较高历史 分位。 模型适用性风险；模型估算误差 敬请参阅最后一页特别声明 1 城投债：城投债加权平均成交期限徘徊在 2.35 年附近。其中，陕西省级城投债久期超 6 年，河北省级城投债成交久 期缩短至 0.81 年附近。同时，江苏区县级、浙江地级市、重庆区县级、广东地级市、福建区县级、四川省级、河南地 级市等区域城投债久期历史分位数已逾 90%，安徽地级市、浙江地级市、广东地级市城投债久期逼近 2021 年以来最 高。 产业债：产业债加权平均成交期限较上周有所缩短，总体处于 2.98 年附近，食品饮料行业成交久期缩短幅度较大， 缩短至 ...

在电商经营类CRPI的各项分指数中，电商实物总销售额指数为51.8%，较上月上升1.2个百分点，本 次"6.18"线上促销从5月中旬开启预热将持续至6月下旬，促销活动时间长且力度为上半年之最，拉动电 商经营类企业销售预期增长。 电商在线总商品数指数为51.3%，较上月小幅下降0.7个百分点，表明本月电商经营类企业备货意愿保持 稳定。电商客单价水平指数为49.5%，较上月小幅上升0.6个百分点，分析认为，电商客单价水平连续两 个月上升，呈现线上积极促销趋势。 中国商业联合会最新数据显示，6月中国零售业景气指数(CR？PI)为50.1%，较上月小幅下降0.4个百分 点，连续10个月维持在扩张区间运行。CRPI是反映当期零售业经营预期变化情况的综合指数。分析认 为，受"6.18"线上促销活动和以旧换新政策等因素影响，线上零售增幅明显扩大，本月消费市场呈现线 上线下（300959）结构性转移特征。综合景气指数小幅回落，表明消费能力尚需提升。 从行业分类看，6月零售业三大分类指数出现分化。商品经营类指数为49.5%，较上月下降0.9个百分 点；租赁经营类指数为51.3%，较上月小幅下降0.5个百分点；电商经营类指数为5 ...

当中指研究院的数据揭示全国50城住宅租金4月环比下跌0.32%、48城普降时，深圳的租房市场同样笼罩在"降温潮"中。2024年 全国重点50城住宅平均租金累计下跌3.25%，跌幅较2023年扩大了近3个百分点，租赁市场整体承压的趋势愈发明显。 与坪山的韧性相比，传统核心区正经历深度调整。南山区虽以115.31元/平方米·月的租金水平稳居榜首，但同比下跌0.97%，较 去年1月117.34元的高位更显疲态。科技园片区企业搬迁导致的租客流失，成为拉低租金的关键推手。 在深圳，这场"降温潮"的表现尤为复杂。克而瑞数据显示，4月深圳全市平均租金为90.77元/平方米·月，环比下跌0.41%，同比 微降0.08%。社交平台上，"租金涨跌"成为热议话题——有租客分享房东连续两年降租的经历，也有房东坦言"多年不敢涨价"， 甚至主动为省心的租客下调租金。租赁双方博弈的天平，正悄然向租客倾斜。 唯一逆势上涨的"特区" 一片跌声中，坪山区成为深圳唯一亮起"上涨信号灯"的区域。4月坪山平均租金达49.02元/平方米·月，同比上涨1.37%，与去年 同期的48.36元形成鲜明对比。这一涨幅看似微小，却释放出关键信号：当全市租金从20 ...

Group 1: Investment Activities - Bepei Technology completed Pre-A round investment led by Shunwei Capital, raising nearly $10 million in total funding [1] - Shiok Burger announced Pre-A round financing led by AC Ventures, with existing shareholders increasing their stakes, achieving profitability after 12 months of growth [2] - Feixiong Lingxian completed nearly 100 million yuan in C round financing, providing comprehensive services in the frozen goods supply chain [3] - Wuxian Exploration secured 16 million yuan in angel round financing, focusing on innovative fruit tea products [4] - Maiba obtained 10 million yuan in angel round financing, offering a 24-hour self-service KTV model [5] - Renren Rental completed several hundred million yuan in D1 round financing, leveraging blockchain and AI technologies for a circular rental service platform [6] - Jason Entertainment received strategic investment from Hengdian Capital, focusing on IP copyright operations and content investment [7] Group 2: Corporate Developments - Ximalaya confirmed acquisition rumors by Tencent Music, maintaining brand independence and operational continuity post-acquisition [8] - Yingshi Technology debuted on the Sci-Tech Innovation Board, with a first-day stock price increase of over 270%, achieving a market cap exceeding 70 billion yuan [9] Group 3: Market Trends - Nova Coffee partnered with Lawson convenience stores to enhance market penetration, launching promotional offers and coffee products [12] - The second-hand market is shifting towards trust-based competition, with the opening of "Super Zhuangzhuang," a multi-category second-hand store [13] - The smart glasses market is experiencing significant growth, with global shipments expected to reach 12.8 million units by 2025, and China's market projected to exceed 2.75 million units [13][14] - In the restaurant sector, consumer preferences are shifting towards higher-rated establishments, with a 15.4% increase in average dining orders and a notable rise in the share of high-quality dining options [15]

每经记者｜包晶晶 每经编辑｜张海妮 6月10日，由上海市徐汇区营商服务中心指导，每日经济新闻、龙华街道办事处、上海西岸开发（集团）有限公 司共同主办的"2025活力西岸：从城市焕新到人居范本"主题对话活动在西岸智塔成功举办。徐汇区营商服务中心 主任徐晖，徐汇区龙华街道办事处副主任刘蒞，中国电影家协会第十届副主席、上海电影家协会第八届主席任仲 伦，上海西岸开发（集团）有限公司副董事长干瑾，以及60余家行业企业相关负责人出席活动，共话世界级中央 活力区"7×24小时生活秀场"。 在主题为"消费场域重塑人居范本"的圆桌对话环节中，谈及西岸高品质人居，上海城方租赁住房运营管理有限公 司（以下简称城方公司）投资总经理林俐表示："在西岸做项目其实是非常有趣的体验，这里集聚了一批高知、 高能、高创造力的青年群体，他们对于居住品质和生活环境都有较高的要求。今年城方公司在西岸成功落地了租 赁住房项目'衡汇寓'，该项目是城方公司在上海的第33个项目。西岸项目与其他项目不同的是，我们赋予了项目 更多的文化艺术、时尚潮流和开放创新属性。主力户型一房的产品面积为66平方米和75平方米，提供了舒适和品 质化的居住体验，另配备了两层的公共 ...

Group 1 - The signing of multiple important agreements at the Tianjin International Shipping Industry Expo, with a total value of 1.96 billion RMB, aims to inject strong momentum into the construction of the Northern International Shipping Hub in Tianjin [1] - Shandong Shengrun Shipping Co., Ltd. will establish a shipping subsidiary in Tianjin, marking the city's first professional ocean refrigerated shipping company, with plans to invest approximately 360 million RMB in four advanced refrigerated ships by 2025 [2] - Ping An International Financial Leasing (Tianjin) Co., Ltd. will increase its investment in Tianjin by 1.6 billion RMB by 2025, actively exploring ship leasing business in the East Jiang Comprehensive Bonded Zone [2][3] Group 2 - A collaborative memorandum was signed by the Tianjin Maritime Bureau, Tianjin Port and Shipping Administration, East Jiang Comprehensive Bonded Zone Management Committee, and China Classification Society Tianjin Branch to streamline ship registration processes, allowing for "one application, multiple certificates" [4] - The new approval process is expected to speed up by 70%, significantly reducing the time required for businesses to obtain necessary ship operation certificates [5] - The four parties will focus on enhancing domestic ship transfer efficiency, optimizing foreign ship import procedures, addressing policy restrictions on oversized ship introductions, and innovating ship financing leasing services [6] Group 3 - The collaborative efforts aim to create a better environment for shipping operations, attract shipping elements to Tianjin, and contribute to national strategic goals and regional economic development [7][9] - The signing marks a significant and innovative step in Tianjin's journey to establish itself as a core area for international shipping in the North, with ongoing efforts to optimize the business environment and enhance service efficiency [9]

杭州西湖周边，云集了一大批民国老宅、名人故居，它们的一举一动，是杭州人津津乐道的话题。最近，就有一些民国老宅有了新动静。 寸土寸金的北山街，堪称近现代建筑博览馆。这些年，不少民国老宅经过重新设计，成为酒店、饭店、咖啡馆、茶馆等，对公众开放，满足了大家临湖观 景闲饮的需求。其中，北山街31号的青竹茶舍就是从一幢民国老宅改建而来，现状是一幢白墙黑瓦的二层洋楼，因为拥有画框般的大宽窗，且正对西湖断 桥，坐山望湖，被很多年轻人誉为"西湖窗景天花板"，是网红打卡点。 最近，这处房子上架阿里资产平台，将于6月29日拍卖5年租赁权。根据拍卖公告，北山街31号标的一楼室内面积约185m²，一楼庭院面积约139m²，二楼 室内面积约154m²，二楼露台面积约30m²，二楼后院面积约248m²。目前因为租客租赁期限到期（原租约到期日为2025年4月30日），所以拿出来重新拍卖 租赁权。标的成交后原租客会配合腾空清退，实际起租及交付日期以《房屋租赁合同》签订时的约定为准。 北山街31号隔壁的32号，就是坚匏别墅。根据百度百科信息，坚匏别墅初建于1903年，是清末民初南浔巨富"四象"之首的刘镛之子刘锦藻的别业，早期占 地约17亩，房 ...

Group 1 - The "100-Day Sprint" employment initiative for 2025 college graduates was launched at Shanghai Second Industrial University, aiming to support job-seeking graduates through a series of employment guarantee activities [1] - The event included a specialized job fair and was attended by key officials, including Shanghai's Vice Mayor, highlighting the government's commitment to stabilizing and ensuring employment [1][3] - The initiative features the "One-Stop Service" policy for graduates, which aims to streamline the job application process [1] Group 2 - Shanghai Lianjia, in collaboration with Beike, provided on-site rental consultation services during the job fair, addressing graduates' housing needs alongside employment opportunities [3][5] - The job fair is part of a larger effort to connect companies with graduates during a critical job-seeking period, emphasizing the importance of housing stability for new graduates starting their careers [5] - Lianjia has previously conducted nine rental service events across 60 universities, distributing 600 copies of a rental guide to assist graduates [7] Group 3 - The "New Youth 'Heart' Plan" was launched to alleviate rental challenges for graduates, offering services such as zero deposit, monthly payments, and hassle-free lease transfers [7] - Lianjia's "Five Assurances" service promises a worry-free rental experience, including no-reason contract termination within three days and guaranteed refunds of deposits [9] - As of May 2025, Lianjia has allocated 1.55 billion yuan in assurance funds to protect transaction safety for over 125,000 deals [9] Group 4 - The rental environment is crucial for young professionals, providing a supportive space as they pursue their careers in the city [10] - The company aims to enhance rental services tailored to graduates' needs, contributing to the development of a standardized and professional long-term rental market [10]

欢迎扫描下方二维码关注： 3.企业在商品化后为顾客提供的技术支持活动。 4.对现存产品、服务、技术、材料或工艺流程进行的重复或简单改变。 5.市场调查研究、效率调查或管理研究。 企业在适用研发费用加计扣除政策时需要注意 研发活动范围 的界 定。 不适用税前加计扣除政策的活动包括： 1.企业产品（服务）的常规性升级。 2.对某项科研成果的直接应用，如直接采用公开的新工艺、材料、装置、 产品、服务或知识等。 6.作为工业（服务）流程环节或常规的质量控制、测试分析、维修维护。 7.社会科学、艺术或人文学方面的研究。 因此，市场调研活动不适用税前加计扣除政策。 企业在适用研发费用加计扣除政策时还需要注意按年判断 行业范围 的界定。 不适用 税前加计扣除政策的行业包括： 1.烟草制造业； 2.住宿和餐饮业; 3.批发和零售业; 4.房地产业; 5.租赁和商务服务业; 6.娱乐业; 7.财政部和国家税务总局规定的其他行业。 （上述行业以《国民经济行业分类与代码（GB/4754-2011）》为准，并 随之更新。） 因此，并非所有行业均可享受税前加计扣除政策。 企业在适用研发费用加计扣除政策时需要 划分清楚 研发费用和生 产 ...

Core Viewpoint - The announcement by Shanghai Minhang Public Rental Housing Investment and Operation Co., Ltd. regarding the public acquisition of rental housing has garnered industry attention, indicating a trend towards expanding the supply of affordable rental housing and enhancing the REITs market for such properties [1][2]. Group 1: Public Acquisition Announcement - The announcement aims to optimize housing resource allocation and promote stable development in the real estate market by publicly soliciting real estate projects for use as affordable rental housing [2]. - Eligible projects must be legal new residential properties with a minimum total construction area of 7,500 square meters, located in the southern part of Minhang District, and free from ownership disputes [2]. Group 2: Benefits of Utilizing Existing Properties - Converting existing properties into affordable rental housing can significantly shorten construction timelines, typically requiring only 3 to 6 months for renovations [2][3]. - This approach not only meets the housing needs of low-income groups but also enhances the city's attractiveness and talent retention capabilities [2][3]. Group 3: Financial Innovation and REITs Expansion - The successful acquisition of existing properties for affordable housing, exemplified by the Guotai Junan City Investment REIT, demonstrates strong policy support for the development of the rental housing market [4][5]. - The REITs market for affordable housing is expected to expand, with projections indicating that the overall issuance scale could exceed 25 billion yuan by 2025 [6]. - Recent activities, such as the completion of the first public offering and expansion of the Huaxia Beijing Affordable Housing REIT, highlight the growing maturity and resilience of the affordable housing REITs market [6][7].