Core Points - The joint statement from the US-China Geneva trade talks indicates a significant reduction in tariffs, with the US committing to cancel 91% of tariffs on Chinese goods and modify 34% of reciprocal tariffs, while China will also cancel 91% of its counter-tariffs on US goods [1] - The announcement is expected to boost confidence among export enterprises and stabilize the global market, with industries such as high-end manufacturing, agriculture, green energy, electronics, machinery, and textiles anticipated to benefit [1][3] Industry Impact - The trade talks signal positive developments for global supply chains and industrial stability, providing valuable confidence for businesses [3] - Companies in the textile and apparel sectors, particularly those exporting to the US, are expected to leverage their advantages to enhance supply chain capabilities and compete in international markets [3] - The reduction in tariffs is projected to lower marginal costs for foreign trade enterprises, potentially leading to a rebound in export orders in the second quarter [4] - High-end manufacturing and green energy sectors are likely to see substantial benefits, with reduced costs for semiconductor equipment and materials aiding domestic manufacturing upgrades [4] - The green energy industry, particularly in components for electric vehicles and energy storage, is expected to experience rapid growth due to lower import costs [4] Integration of Domestic and Foreign Trade - The positive progress in US-China tariff negotiations is anticipated to accelerate the integration of domestic and foreign trade, encouraging more Chinese companies to engage in exports [5] - The easing of trade tensions is expected to enhance the resilience and efficiency of supply chains, with new logistics models and cross-border e-commerce gaining traction [6] - A stable trade relationship will support long-term investment planning in cross-border business [5]

Group 1: Financial Support for Industry Development - The document outlines support for technology innovation industries, encouraging financial institutions to innovate bill discount products and increase financing support for eligible enterprises in Nansha [1] - It emphasizes support for high-end manufacturing industries, including the issuance of technology innovation bonds and exploring mixed financing models [1][2] - The document highlights the importance of supporting digital industries by establishing data centers and enhancing cooperation with digital asset trading platforms [2] Group 2: Financial Services for Social and Economic Development - It promotes the facilitation of cross-border payment services, including expanding the pilot scope for Hong Kong and Macau residents to open accounts [3] - The document supports cross-border credit financing by encouraging cooperation among credit institutions in the Guangdong-Hong Kong-Macau region [3] - It aims to enhance the convenience of international professionals' practice by promoting mutual recognition of professional qualifications [3] Group 3: Development of Specialized Financial Services - The document encourages the innovation of green financial services, including the exploration of electricity futures and supporting enterprises in sustainable information disclosure [4] - It outlines the development of digital financial services, supporting the application of generative AI in finance and establishing a research think tank for digital finance [4][5] - The document supports the construction of a cross-border asset management center in the Guangdong-Hong Kong-Macau Greater Bay Area [5] Group 4: International Leasing and Factoring Business - It supports the exploration of international factoring business by qualified commercial factoring companies and encourages the use of foreign exchange income for domestic leasing [6] - The document promotes the development of a competitive leasing industry by providing policy support for aircraft, ships, and large equipment leasing [6]

2025.05. 11 本文字数：2469，阅读时长大约4分钟 作者 | 第一财经 高雅 在全球经济格局充满不确定性的当下，投资机构如何在波动中寻找机遇？ 作为中国香港特区政府重点打造的战略投资平台，香港投资管理有限公司（以下简称"港投公司"）正 以其独特的定位和清晰的战略给出答案。 这家被业界誉为"港版淡马锡"的投资机构初始管理规模达620亿港元，由香港特区行政长官李家超在 首份《施政报告》中亲自规划，旨在通过直接投资或与私募基金合作，吸引重点企业落户香港，在争 取长期投资回报的同时，推动金融科技、人工智能、生物科技、高端制造业等四大核心领域发展。 在硬科技、生物科技、新能源/绿色科技这三大投资赛道上，港投公司展现出了前瞻性布局眼光。该 公司行政总裁陈家齐在接受第一财经独家专访时分享了她的洞察："优秀的科技公司无论在什么经济 周期中都会崭露头角。历史上许多成功的公司，之所以能一路走来，是因为它们选择了正确的发展路 径，并解决了市场上的核心痛点。" 她认为，从历史来看，最具创新能力的科技机构，通常都是解决市场上核心痛点的企业，它们能在不 同的经济周期中脱颖而出。现在正是抓住这一窗口，快速寻找优秀伙伴和公司的好 ...

最具创新能力的科技机构能在不同的经济周期中脱颖而出。 在全球经济格局充满不确定性的当下，投资机构如何在波动中寻找机遇？ 这家被业界誉为"港版淡马锡"的投资机构初始管理规模达620亿港元，由香港特区行政长官李家超在首 份《施政报告》中亲自规划，旨在通过直接投资或与私募基金合作，吸引重点企业落户香港，在争取长 期投资回报的同时，推动金融科技、人工智能、生物科技、高端制造业等四大核心领域发展。 在硬科技、生物科技、新能源/绿色科技这三大投资赛道上，港投公司展现出了前瞻性布局眼光。该公 司行政总裁陈家齐在接受第一财经独家专访时分享了她的洞察："优秀的科技公司无论在什么经济周期 中都会崭露头角。历史上许多成功的公司，之所以能一路走来，是因为它们选择了正确的发展路径，并 解决了市场上的核心痛点。" 她认为，从历史来看，最具创新能力的科技机构，通常都是解决市场上核心痛点的企业，它们能在不同 的经济周期中脱颖而出。现在正是抓住这一窗口，快速寻找优秀伙伴和公司的好时机。 在风险中寻找科技投资机遇 第一财经：在全球经济不确定性加剧的背景下，港投如何在当前全球市场动荡中布局？如何在三大重点 赛道中平衡风险与机会？ 陈家齐：投资本身 ...

就在4月的最后几天，中国贸促会举办的新闻发布会上，公开了一份非常敏感的数据报告。针对中国1100多家外贸企业的调查问卷显示，近50%的企业表 示会减少对美业务，而75.3%的企业考虑开拓新兴市场，减少对美国贸易占比。毫不客气的说，这份报告数据，信号非常强烈，直接击穿了当前的中美关 系。最后的"压舱石"正在沉底。 很直观的说，当前的中美经贸关系，已经在过去几年，发生了结构性剧变。2025年1至3月，中美货物贸易额仅占中国进出口总额的11.2%，这一比例甚至 低于2001年中国加入WTO时的水平。美国从中国第一大贸易伙伴跌至第三，被东盟、欧盟反超。与此同时，中国对"一带一路"沿线国家贸易额占比攀升 至42%，RCEP框架下的原产地证书签发量同比增长27%。 更深远的结构性矛盾在于，美国无法接受中国在高端制造业的崛起。中国制造业占全球比重达28.7%，半导体自给率从2018年的15%跃升至2025年的 45%，新能源汽车全球市场份额突破60%。当"中国制造"从袜子升级至芯片，美国的技术霸权遭遇釜底抽薪，只能用"制裁""处罚"，来延缓衰落进程。 必须指出的是，当压舱石沉底，中美关系将步入"零和博弈"的危险水域。现在一 ...

Core Viewpoint - The article discusses the competitive dynamics between Shanghai and Shenzhen in the realm of foreign trade, highlighting how Shanghai regained its position as the top foreign trade city in China after losing it to Shenzhen. The resurgence is attributed to the rise of private enterprises and strategic adjustments in trade partnerships and structures [3][60]. Group 1: Trade Dynamics - In 2024, Shenzhen surpassed Shanghai to become the top foreign trade city, driven by the rapid growth of cross-border e-commerce and a significant number of export enterprises [6][7]. - Shanghai's foreign trade structure has been evolving, with private enterprises increasingly dominating the landscape, accounting for 56.8% of total import and export values in the first quarter of 2025 [11][12]. - The total import and export value of Shanghai reached over 1 trillion yuan in the first quarter of 2025, marking a significant recovery and surpassing Shenzhen [61][62]. Group 2: Private Enterprises' Contribution - In 2024, private enterprises in Shanghai contributed 1.63 trillion yuan to the city's GDP, accounting for over 30% of the total, and their tax contributions reached 559.9 billion yuan, nearly 38.2% of the city's total [16][20]. - The number of newly established private market entities in Shanghai reached 377,000, with private enterprises providing over 295,600 job opportunities, representing more than three-quarters of the city's total employment [20][18]. - The growth of private enterprises is evident in their export performance, with a 26% year-on-year increase in export value in the first quarter of 2025 [22][24]. Group 3: Strategic Adjustments - Shanghai has been actively restructuring its trade partnerships, reducing reliance on traditional markets like the U.S. and Europe, while increasing trade with countries like Russia and India, which saw export growth rates of 43.8% and 30.8%, respectively [45][48]. - The city has diversified its trade relationships, with Southeast Asia becoming an important market, as evidenced by the establishment of direct shipping routes to countries like Cambodia [54][55]. - Shanghai's proactive measures to support private enterprises and enhance the business environment reflect its commitment to maintaining its status as a leading trade hub [30][68].

新华社北京4月30日电 特稿｜"中国提供了值得信赖的增长路径"——欧美企业"向东看"折射中国经济 底气与能量 新华社记者闫洁 最近，英国48家集团主席杰克·佩里注意到英国企业的一个微妙变化："他们不再问'我们是否应关注中 国'，而是问'我们该如何在中国建立可持续的合作关系'。" 提问内容的"小差别"，折射的是欧美企业长期规划与战略选择的"大不同"。面对贸易保护主义带来的不 确定性，欧美企业正加快"向东看"步伐，将目光投向市场规模庞大、经济增长稳定、投资环境持续开放 的中国。"到中国去"，成为越来越多跨国企业的共识。 不确定性与运营压力俱增 欧美企业面临现实困难 这种"大不同"，源自贸易保护主义给全球经济复苏和企业长期增长前景带来的现实困难。 国际货币基金组织4月22日发布最新一期《世界经济展望报告》，将2025年全球经济增长预期由今年1月 的3.3%下调至2.8%。报告认为，美国政府一系列关税措施是对全球经济的一次"重大负面冲击"，其实 施过程中的不确定性也对经济活动和经济前景产生负面影响。 澳大利亚矿业巨头必和必拓首席执行官迈克·亨利（中文名韩慕睿）日前表示，不断升级的贸易战将损 害全球经济。尽管美国关税政 ...