作 者 | Markit 编译 | 华尔街大事件 自近期公布财报以来，亚马逊公司 (NASDAQ: AMZN ) 和苹果公司 (NASDAQ: AAPL ) 的股价一 直波动，原因是关税风险对其业务前景的影响不断变化。这两家公司喜忧参半的业绩 和围绕核心 业务的业绩指引最初令市场失望，但此后预期有所改善。但下半年，尤其是假日季的前景仍存在 疑问。 亚马逊 本季度，广告、北美和国际零售业务线业绩稳健，收入符合预期。国际零售利润率为3%，符合 预期；北美零售利润率为6.3%，较预期的6.5%低20个基点，原因是客户退货产生的一次性费用 以及在关税前提前库存的成本。 该公司预计第二季度总营收为1590-1640亿美元，与市场预期的1610亿美元一致；营业利润为 130-175亿美元，略低于预期的177亿美元。自发布财报以来，由于关税的潜在影响发生变化， 市场预期的2025财年总营收已从6906亿美元上调至6937亿美元。 受北美和国际零售收入预期提升的推动，2026财年营收普遍预期为7490亿美元，现已上调逾 100亿美元，达到7592亿美元。北美分部营收预计将从今年的4160亿美元增至2026财年的4490 亿美 ...

基金经理最新动态 1. 孙晨出任富达基金总经理 5月23日，富达国际任命孙晨为富达基金管理（中国）有限公司总经理，全面领导富达国际在中国的公募基金业务，持续优化分销战略、完善产品矩阵、 助力投研发展、保障高效运营、培养人才梯队等。孙晨将常驻上海，并直接向富达基金管理（中国）有限公司董事长黄小薏汇报。 02 今日基金新闻速览 中国证监会核准卡塔尔控股有限责任公司(Qatar Holding LLC)成为华夏基金管理有限公司持股5%以上股东；对卡塔尔控股有限责任公司依法受让华夏基 金2380万元人民币出资(占注册资本比例10%)无异议。 4. 宁德时代获纳入MSCI两指数，6月2日生效 宁德时代H股上市即获纳入MSCI指数。MSCI公布，宁德时代将纳入MSCI环球标准指数，即MSCI中国指数，以及MSCI中国全股票指数，6月2日生效。 资料显示，全球追综MSCI中国指数ETF有16只，总基金规模约174亿美元。MSCI中国全股票指数有1只ETF产品，为美国KraneShares MSCI全中国指数 ETF(美：KALL)，基金规模891万美元。 1. 多只沪深300ETF午后成交明显放量 沪深300ETF（510 ...

Group 1 - The fourth China-CEEC Expo and International Consumer Goods Expo commenced in Ningbo, Zhejiang, with a focus on building trade bridges between global buyers and Chinese suppliers [1][3] - The "Direct Procurement Conference" aims to enhance communication between buyers and suppliers, increasing export opportunities for Chinese products and promoting international cooperation and domestic economic growth [3][6] - Over 40 buyers from 25 countries and regions participated in the conference, engaging in deep discussions with more than 50 suppliers from various provinces in China, resulting in multiple intention orders [5][6] Group 2 - The conference emphasized "precise matching" to address the pain points of enterprises during the transformation of global trade patterns [3] - A Nigerian buyer highlighted the success of previous conferences in establishing long-term partnerships with quality Chinese suppliers, showcasing the effectiveness of the event in expanding market reach [6] - The MIC International Station launched the "BizConnect" initiative to enhance supply-demand matching efficiency, facilitating tens of millions of dollars in orders between Chinese suppliers and global buyers [6][7] Group 3 - In April, China's goods trade exports grew by 9.3% year-on-year, with MIC International Station's traffic increasing by 52%, indicating strong global demand for "Made in China" products [7] - The "New Maritime Plan" was initiated to support Chinese foreign trade enterprises in navigating uncertainties in the global trade environment and tariff barriers [7][8] - A special development fund of 150 million yuan was established to support ten key light industry sectors, enhancing promotional services for newly registered enterprises on the MIC platform [8]

Core Insights - The article highlights the launch of JD.com's Fashion Day on May 23, featuring a wide range of products from both domestic and international brands, including fashion, beauty, and outdoor items [1][12] - Multiple promotional offers are available, such as discounts on purchases and a special event for women's clothing, aimed at enhancing customer engagement and sales [1][13] Fashion and Apparel - JD.com collaborates with brands like Helena, Chow Tai Fook, and Guerlain to offer a variety of men's and women's clothing, beauty products, and accessories [1] - The T-shirt Super Category Day will also commence on May 23, featuring popular T-shirt styles with significant discounts [12] Beauty and Skincare - Consumers seeking skincare solutions can choose from products like Helena's black bandage cream for anti-aging and OLAY's whitening serum for skin tone improvement [5][6] - Other recommended products include Guerlain's nourishing essence and gentle makeup removers for daily use [5][6] Accessories - The article suggests elegant accessories such as Chow Tai Fook's gold pendants and Cartier's LOVE series necklaces as ideal gift options [8] - Omega's Constellation watches and Coach's retro shoulder bags are also highlighted for their blend of practicality and style [8] Sports and Outdoor Equipment - JD.com promotes various sports gear, including KAILAS's shock-absorbing running shoes and New Balance's trendy dad shoes, catering to both outdoor enthusiasts and casual users [10] - The article also mentions cycling equipment and camping gear, emphasizing the importance of quality in enhancing outdoor experiences [10]

目前，美国的关税问题依旧没有解决，而它对中国的措施又再度升级。对于日本而言，当前最为紧迫的任务便是与美国达成一项关税协议。美国财政部已经 发出最后通牒，若协议不能及时达成，关税将恢复至历史高位。 面对美国的强势施压，许多人原本以为日本可能会与中国联手，共同对抗美国的要求。然而，令人意外的是，日本选择了迎合美国，甚至开始考虑对中国的 小额包裹征税，税率高达10%。这是否意味着日本正打算实行闭关锁国政策？赚取中国的钱后，是否已经决定与中国"切割"？ 其实，早在十多年前，美国的电商平台，如亚马逊，尚未受到来自中国电商的威胁时，几乎没有对中国的小额包裹征税。而现在，随着以希音（Shein）、 Temu等平台为代表的中国电商的崛起，欧美国家的电商受到了极大的挑战，因此，针对中国电商的压力愈发增大。 值得注意的是，小额包裹通常是一些网购的日常商品，这些商品对美国、欧盟甚至日本而言，并没有直接的负面影响，反而可以为其市场带来实实在在的好 处。因为许多低端产品已经被这些国家淘汰，而中国的商品则能够填补这些空白，成为市场的补充。尤其是在通胀压力不断上升的今天，这些商品也为这些 国家的经济提供了重要支持。 面对这一局面，全球各国 ...

广州日报讯（全媒体记者何瑞琪）5月20日，第25届迪拜移动支付和金融技术展在迪拜世界贸易中心开 幕。广州向来自全球的750余家参展商及25000余名参会者发出"广州之约"。 作为中东和北非地区规模最大的数字经济盛会，本届博览会聚焦电子商务、金融科技、身份治理等领 域，集中呈现数字技术与实体经济融合的前沿成果。 当前，数字技术正以前所未有的速度重塑全球经济格局。广州作为中国数字经济领军城市，2024年数字 经济核心产业增加值超4400亿元，同比增速近10%，培育出超300家国家级专精特新"小巨人"企业。基 于坚实的产业基础，广州与阿联酋在数字经济、科技创新等领域合作成果丰硕，一批优质企业也从广州 走向阿联酋，继而完善全球化布局。 近年来，广州坚持高质量"引进来"、高水平"走出去"的战略，坚持高水平对外开放，积极探索对外合作 新模式，搭建中阿、中新、中欧等全方位国际合作平台，推动双向投资"加码提速"。作为粤港澳大湾区 的"湾顶明珠"，广州开发区与阿联酋、沙特等中东国家携手在智慧能源、自动驾驶、金融科技等领域释 放合作红利，推动共拓数字应用场景取得新进展、新成效。 （文章来源：广州日报） 会上，广州开发区企业代表还 ...

Group 1: Forum Overview - The "Russia-China Forum" took place from May 19 to 20 in Khabarovsk, attracting over 3,000 participants, including around 600 from China [1] - The forum featured over 30 thematic platforms, cultural and sports activities, focusing on economic cooperation, energy, tourism development, cultural exchange, environmental issues, and entrepreneurship [1][2] Group 2: Economic Cooperation and Agreements - Key discussions included the creation and development of industrial and technology parks, the role of small and medium enterprises in the Russia-China partnership, and the establishment of a year-round cargo and passenger vehicle inspection station on Bolshoi Ussuri Island, which is expected to increase annual passenger flow to 1.5 million and cargo volume to 1.3 million tons [1][2] - A total of 34 agreements were signed during the forum, with 25 involving foreign companies, totaling over 100 billion rubles, including significant projects like a liquefied natural gas plant on Bolshoi Ussuri Island and a luxury camping production facility [2] Group 3: Cultural and Youth Activities - The forum included cultural and sports events, such as performances by Chinese artists, culinary showcases, and a tree-planting event to celebrate the 30th anniversary of the friendship between Khabarovsk Krai and Heilongjiang Province [3] - A youth forum titled "Bridges to the Future: A Youth Perspective on Russia-China Cooperation" was held, with over 500 students discussing bilateral cooperation and engaging in public dialogue with the governor of Khabarovsk Krai [3]

日本和欧盟的加税政策，显然是在模仿美国的做法，试图通过这种方式来减缓中国商品的流入。日本政府所提出的理由是"保障公平竞争"，而欧盟则以"监 管安全"为名，透明度有待追问。在这个背景下，更值得注意的是，他们的真正意图，无疑是希望借此阻止中国制造业在全球市场的进一步扩张。 不可否认的是，在中国制造业强大能力的威胁下，美西方的产业逐渐显得捉襟见肘。中国以其独特的优势，在劳动力成本和生产效率方面遥遥领先，令其商 品在国际市场上备受青睐。不少欧盟零售商甚至开始抱怨，中国的小包裹让他们处于"无机会"的境地，因此要求政府采取措施保护本土产业。 中美贸易摩擦暂时告一段落，然而在这片被阳光照耀的贸易场上，欧盟和日本却暗自筹划，准备对小额包裹施加新一轮的关税。这看似偶然的举动，其实早 已在国际关系的棋局中埋下了伏笔。 根据彭博社的报道，日本政府正在考虑修改其小额包裹的免税政策，计划对价值低于一万日元（约500人民币）的包裹征收10%的关税。而在另一边，欧盟 同样宣布了取消150欧元以下小额包裹免税政策的计划。若这一政策落地，欧盟将对每一个小包裹征收2欧元的费用，这一举措不仅引人遐想，更是释放出信 号：这背后的目的或许并非单纯的" ...

Group 1 - The event "Digital Hangzhou Day and the Fourth Global Digital Trade Expo UAE Promotion" was held in Dubai, highlighting the potential for cooperation between China and the UAE in the digital economy [1][5] - The UAE government has expressed its intention to actively participate in the upcoming Fourth Global Digital Trade Expo, with an invitation for UAE enterprises to join the event in Hangzhou [1][5] - The event showcased advanced technologies from 11 domestic companies, including humanoid robots and AI glasses, emphasizing Hangzhou's status as "China's Digital Economy Capital" [2][5] Group 2 - The President of the Arab Digital Economy Alliance expressed optimism about the collaboration between Arab countries and China in the digital economy, suggesting that Hangzhou can play a significant role in enhancing economic cooperation [2] - The Deputy Mayor of Qiantang District, Hangzhou, introduced the city's achievements in e-commerce, artificial intelligence, and digital technology, promoting the investment environment in Qiantang [2] - The event was supported by various organizations, including the Zhejiang Provincial Business Representative Office in the UAE and the Hangzhou Exhibition Group, with participation from 30 digital economy enterprises from Hangzhou and other cities [5][6]

Core Insights - During the 618 shopping festival, Taobao is expanding its "Global Free Shipping Program" to 12 countries and regions [1] Group 1 - The new countries included in the program are Singapore, Malaysia, South Korea, Hong Kong, Macau, Taiwan, Australia, Japan, Thailand, Cambodia, Kazakhstan, and Mongolia [1] - Kazakhstan and Mongolia are newly added to Taobao's free shipping zone for the first time [1]