本报讯 （记者袁传玺）天眼查工商信息显示，近日，天津港（600717）远晟仓储有限公司成立，法定 代表人为李罕勇，注册资本3.2亿元，经营范围含保税仓库经营、海关监管货物仓储服务、道路货物运 输、装卸搬运、普通货物仓储服务、包装服务、煤炭洗选、集装箱维修、集装箱租赁服务等。股东信息 显示，该公司由天津港（600717）全资持股。 ...

Group 1 - HNA Technology's stock price dropped by 5.07% to 4.68 CNY per share, with a trading volume of 390 million CNY and a turnover rate of 3.11%, resulting in a total market capitalization of 13.569 billion CNY [1] - The company, established on March 6, 1982, and listed on September 9, 1996, operates in IT product distribution, warehousing and logistics, internet finance, and cloud computing, with revenue composition of 65.77% from merchandise trade, 33.27% from shipping, and 0.96% from other sources [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of HNA Technology, having increased its holdings by 1.1435 million shares to a total of 14.6309 million shares, representing 0.5% of circulating shares, with an estimated floating loss of approximately 3.6577 million CNY [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a latest scale of 64.953 billion CNY, achieving a year-to-date return of 28.17% and a one-year return of 72.87%, ranking 1822 out of 4222 and 1263 out of 3804 respectively [2]

天眼查工商信息显示，近日，天津港远晟仓储有限公司成立，法定代表人为李罕勇，注册资本3.2亿人 民币，经营范围含保税仓库经营、海关监管货物仓储服务、道路货物运输、装卸搬运、普通货物仓储服 务、包装服务、煤炭洗选、集装箱维修、集装箱租赁服务等。股东信息显示，该公司由天津港 （600717）全资持股。 ...

Macro Strategy - Trump's intervention in the independence of the Federal Reserve is expected through three main avenues: nominating a chairman aligned with his interests, restructuring the board to include loyalists, and influencing the appointment of regional Fed presidents [1] - The anticipated changes in the Fed's leadership could lead to a more accommodative monetary policy, with potential interest rate cuts exceeding current market expectations, possibly resulting in a shift from a soft landing to moderate economic expansion in the U.S. [1] Economic Data Review - In August, both domestic and external demand weakened, leading to a situation where supply adjustments lag behind demand, reinforcing a short-term scenario of strong supply and weak demand [2][3] - Investment has shown negative growth for two consecutive months, while retail sales growth has been declining since May, indicating a comprehensive weakening of demand [2] - Despite the demand weakness, supply remains high, with industrial and service production growth rates above 5%, suggesting that GDP growth may align more closely with supply data [2] Financial Market Insights - The market is increasingly anticipating the resumption of "government bond trading," with expectations rising for the end of the year, which could stabilize bond yields and further lower financing costs for the real economy [4][5] - The recent financial data indicates a seasonal rebound, but loan demand remains weak, which could lead to a decline in social financing growth and M2 money supply growth [4][6] Industry Insights - The renewable energy sector is seeing improvements in pricing mechanisms that facilitate local consumption of green electricity, which is expected to benefit companies involved in waste-to-energy and SAF production [10] - The construction materials industry is advised to focus on domestic demand changes, with expectations of a recovery in retail construction materials as the market adjusts [11][12] - The public utilities sector is recommended for investments in companies like South Grid Energy and South Grid Storage, which are expected to benefit from new pricing mechanisms and increased demand for energy storage [13] Automotive Sector - The automotive sector is entering a new phase, with a focus on electric and intelligent vehicles, and recommendations for increasing exposure to companies benefiting from these trends [15][16] - The recent government initiatives aim to stabilize growth in the automotive industry, with a focus on both scale and quality [15] Non-Banking Financial Sector - The non-banking financial sector is characterized by low average valuations, presenting opportunities for investment, particularly in insurance and securities [20] - The insurance sector is expected to benefit from economic recovery and rising interest rates, while the securities sector is poised for growth due to favorable market conditions [20] Coal Industry - The coal industry is entering a seasonal downturn, with expectations of fluctuating prices due to reduced demand as temperatures drop [21] - Recommendations include focusing on resilient coal companies that can withstand market pressures [21] Oil and Gas Sector - The oil and gas sector is facing challenges with OPEC+ increasing production, leading to a decline in international oil prices [25] - Companies involved in oil exploration and production are recommended for investment, given the potential for price recovery in the long term [25]

本周公募REITs二级市场整体震荡下行 本周公募REITs（不动产投资信托基金）二级市场整体震荡下行，总体成交活跃度环比下滑。 数据显示，截至9月12日，本周中证REITs全收益指数环比下跌0.81%，REITs指数下跌0.81%。 | | 最新 | 本周 | 本月 | 近一月 | 近三月 | 近一年 | 近三年 | | --- | --- | --- | --- | --- | --- | --- | --- | | 中证REITs全收益 | -0.11% | -0.81% | -0.34% | -2.19% | -3.54% | 13.47% | -3.90% | | 中证REITs(收盘) | -0.11% | -0.81% | -0.78% | -2.83% | -4.86% | 6.74% | -10.16% | | 沪深300 △ | 2.31% | 1.97% | 1.14% | 10.32% | 16.78% | 42.74% | 3.68% | 从项目属性来看，本周全线下跌。数据显示，产权类下跌1.13%，特许经营权类下跌0.52%。 从持有项目的行业类型来看，生态环保类上涨0.61%、数据 ...

天眼查App显示，近日，深圳市桔子行走科技有限公司成立，法定代表人为伍文贵，注册资本1万人民 币，经营范围为一般经营项目是：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广； 机械设备销售；机械设备租赁；机械设备研发；普通机械设备安装服务；专用设备制造（不含许可类专 业设备制造）；汽车轮毂制造；汽车装饰用品制造；汽车装饰用品销售；汽车零配件批发；汽车零配件 零售；新能源汽车换电设施销售；新能源汽车生产测试设备销售；新能源汽车整车销售；汽车销售；残 疾人座车制造；残疾人座车销售；自行车制造；自行车修理；机动车修理和维护；电动自行车维修；电 动自行车销售；自行车零配件制造；自行车及零配件零售；自行车及零配件批发；助动自行车、代步车 及零配件销售；仓储设备租赁服务；智能仓储装备销售；普通货物仓储服务（不含危险化学品等需许可 审批的项目）；国内贸易代理；进出口代理；货物进出口；技术进出口。（除依法须经批准的项目外， 凭营业执照依法自主开展经营活动），许可经营项目是：城市公共交通；道路货物运输（不含危险货 物）。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文 件或许可证件 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued a notice to promote the regular application and recommendation of infrastructure Real Estate Investment Trusts (REITs), focusing on new asset types and expanding the market for existing projects [1][2][4] Group 1: Promotion of New Asset Types - The NDRC aims to actively promote the issuance of new asset types for REITs, including sectors like railways, ports, and cultural tourism, which currently lack recommended issuance cases [2][3] - The initiative aligns with national economic growth and social development strategies, providing a framework for financial innovation and sustainable development in these sectors [2] Group 2: Support for Private Investment - The notice emphasizes support for private investment projects, urging provincial development and reform departments to establish mechanisms for coordinating the issuance of REITs for these projects [3] - It encourages the improvement of compliance procedures for private investment projects to facilitate their listing and financing [3] Group 3: Enhancing Project Quality and Efficiency - The NDRC stresses the importance of project quality and efficiency in the application process, prioritizing projects with higher net recovery fund ratios for recommendation [3][4] - Continuous tracking of the use of recovered funds from listed infrastructure REITs is mandated to ensure effective investment cycles [3] Group 4: Market Expansion and Investment Circulation - The notice highlights the steady growth in issuance scale and asset type diversity since the regular recommendation of infrastructure REITs began, indicating a positive market performance [4] - The focus is on creating a virtuous cycle of investment through policy collaboration and innovative financing models, enhancing the stability and longevity of funding sources [4]

Group 1 - The company held its 17th meeting of the 4th Board of Directors on September 12, 2025, with all 7 directors participating in the voting [2][4] - The board approved the proposal for its subsidiary companies to apply for designated delivery warehouse qualifications for lithium hydroxide at the Guangzhou Futures Exchange [3][26] - The board also approved a proposal to provide guarantees for the delivery warehouse qualifications of its subsidiaries [5][13] Group 2 - The company plans to hold the 8th extraordinary general meeting of shareholders on September 29, 2025, to review the proposals submitted by the board [29][30] - The meeting will be conducted both in-person and via online voting, with specific time slots for each voting method [30][38] - The proposals require approval from at least two-thirds of the voting rights held by shareholders present at the meeting [32]

Group 1 - The company Hongchuan Wisdom (SZ 002930) announced plans to apply for designated delivery warehouse qualifications for lithium hydroxide at the Guangzhou Futures Exchange [1] - The company will assume all responsibilities related to the futures delivery business for its subsidiaries Changshu Hongzhi and Chengdu Hongzhi, including joint guarantee responsibilities to the exchange [1] - The total guarantee amount approved and being executed by the company and its subsidiaries is approximately 5.877 billion yuan, which accounts for 224.41% of the latest audited net assets [1] Group 2 - The guarantee amount for the company's controlling subsidiaries is about 5.54 billion yuan, representing 211.52% of the latest audited net assets [1] - The guarantee amount for the company's joint ventures is approximately 338 million yuan, which is 12.89% of the latest audited net assets [1] - For the first half of 2025, the company's revenue composition is as follows: warehousing and transfer services 94.73%, smart customer service 2.84%, other businesses 0.95%, washing and wastewater treatment services 0.76%, and hazardous chemical vehicle highway port services 0.69% [1]

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued a notification aimed at promoting the high-quality development of infrastructure Real Estate Investment Trusts (REITs), focusing on revitalizing existing assets and expanding effective investment [1] Group 1: Market Expansion and Support - The notification prioritizes the expansion of the REITs market by consolidating mature asset advantages and exploring new fields, while also opening channels for private investment [2] - It encourages the submission of high-quality infrastructure projects that align with national strategies and policies, and accelerates the application process for mature asset types such as toll roads and clean energy [2] - New asset types such as railways, ports, and cultural tourism are identified for exploration, with a focus on resolving challenges to meet issuance conditions [2] Group 2: Dynamic Project Management - A dynamic mechanism is emphasized, requiring provincial development and reform commissions to establish project ledgers for promising infrastructure projects, ensuring compliance from the planning stage [3] Group 3: Simplified Processes and Asset Range - The notification introduces support policies to enhance the asset integration capabilities of listed REITs, lowering operational thresholds and broadening asset boundaries [4] - It allows listed infrastructure REITs to apply for new projects six months after their initial issuance, streamlining the approval process [4] - The notification supports the acquisition of similar and related projects across different sectors, promoting the consolidation of existing assets [4] Group 4: Compliance and Fund Utilization - The notification emphasizes a balanced focus on project compliance, procedural integrity, and fund utilization efficiency to ensure healthy market development [5] - It outlines key conditions for project recommendations, including clarity of ownership and stability of operations, while aligning with national strategies [5] - The NDRC encourages projects with a high ratio of net recovery funds to total fund issuance, and mandates tracking of fund usage for listed projects [5]