Core Insights - The implementation of the zero-tariff policy has significantly benefited enterprises in Shandong, with 459 companies enjoying a total tax reduction of 820 million yuan from imports from least developed countries [2][3][4]. Group 1: Policy Impact - Since December 1 of last year, China has granted zero-tariff treatment to all products from 33 African countries and other least developed countries, marking a significant step in promoting high-level opening-up [2]. - The zero-tariff policy has led to a substantial increase in the utilization rate among enterprises, reaching 94%, although some companies still face challenges in fully benefiting from the policy [4][5]. Group 2: Company Benefits - Yihai Kerry (Qingdao) saved 153,000 yuan in import duties on 196 tons of sesame imported from Niger, with total savings of 19.68 million yuan from nearly 200 million yuan worth of sesame imports from Africa [2][3]. - Pulins Chengshan (Shandong) Tire Co. reported a 15% increase in natural rubber prices this year, but the zero-tariff policy has helped reduce production costs by 5% to 10%, resulting in a tax reduction of 23.795 million yuan [3]. Group 3: Challenges and Solutions - Some companies, like Agricultural Benefit (Qingdao), faced issues with the zero-tariff policy due to the need for specific documentation, resulting in 13.993 million yuan of sesame imports not benefiting from the policy [4]. - Qingdao Customs has implemented measures such as simplifying documentation and enhancing communication to help companies overcome barriers to enjoying the benefits of the zero-tariff policy [5]. Group 4: Industry Development - The hair product industry in Juancheng, Shandong, has seen significant growth, with 68 companies benefiting from a tax reduction of 41.56 million yuan this year due to the zero-tariff policy on human hair imports [6]. - The zero-tariff policy has fostered a low-cost cross-border logistics environment, enabling companies to optimize their supply chains, with a reported 260% increase in the import value of human hair from least developed countries [6].

Core Viewpoints - The A-share market saw collective gains last Friday, with the Shanghai Composite Index rising by 0.41%, the Shenzhen Component Index by 0.84%, and the ChiNext Index by 0.97%. The total trading volume in the Shanghai and Shenzhen markets reached 20,920.64 billion yuan [1][7] - In terms of industry performance, non-ferrous metals, electronics, and power equipment led the gains, while retail, comprehensive, and building materials sectors lagged behind. Concept sectors such as smart grids, the Internet of Things, and mobile payments showed significant increases, whereas horse racing, newly listed tech stocks, and duty-free shop concepts experienced declines [1][7] Important News - The Ministry of Commerce, the People's Bank of China, and the Financial Regulatory Bureau issued a notice to strengthen the collaboration between commerce and finance to boost consumption. The notice includes 11 specific measures aimed at enhancing financial support in key consumption areas, promoting personal consumption loans, and encouraging the issuance of consumption vouchers by merchants and platforms [2][8] Research Highlights - The Central Economic Work Conference held on December 11, 2025, analyzed the current economic situation and systematically deployed economic work for 2026. The policy focuses on both demand and supply, acknowledging the coexistence of favorable and unfavorable external factors. The emphasis is on continuously expanding domestic demand and optimizing supply, with expectations for a gradual adjustment in key industry capacities [9][10] - Fiscal policy is expected to remain proactive, with a fiscal deficit rate likely to stay around 4%. The focus will be on optimizing the structure of fiscal expenditures and addressing local government financial difficulties [10][11] - Monetary policy will be adjusted flexibly in response to economic changes, aiming to support stable economic growth and reasonable price recovery. Structural tools are expected to be enhanced, with a focus on supporting small and medium-sized financial institutions [11][12] - The role of domestic demand is set to strengthen, with more policies anticipated to promote the construction of a large domestic market. This includes plans to increase urban and rural residents' income, which will help boost consumer confidence and sustainable consumption growth [11][12]

天眼查App显示，近日，水当然（西双版纳）商贸有限公司成立，法定代表人为梅晋玮，注册资本100 万人民币，经营范围为许可项目：现制现售饮用水；饮料生产；食品生产；食品销售。（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为准）一 般项目：商业综合体管理服务；食品、酒、饮料及茶生产专用设备制造；食品互联网销售（仅销售预包 装食品）；商业、饮食、服务专用设备制造；农副产品销售；单用途商业预付卡代理销售；自动售货机 销售；电热食品加工设备销售；摄像及视频制作服务；家用电器销售；电影摄制服务；个人互联网直播 服务；企业管理；企业会员积分管理服务；企业管理咨询；供应链管理服务；市场营销策划；社会经济 咨询服务；日用百货销售；健康咨询服务（不含诊疗服务）；中医养生保健服务（非医疗）；包装服 务；专业设计服务；货物进出口；技术进出口；进出口代理；食品进出口；第二类医疗器械销售；第二 类医疗设备租赁；第一类医疗器械销售；第一类医疗设备租赁；医学研究和试验发展（除人体干细胞、 基因诊断与治疗技术开发和应用）；站用加氢及储氢设施销售；化妆品批发；化妆品零售；食品销售 （仅销售预包 ...

天眼查App显示，近日，四川鼎诚合创商贸有限公司成立，法定代表人为王冠学，注册资本50万人民 币，经营范围为一般项目：新鲜水果零售；新鲜水果批发；食品销售（仅销售预包装食品）；食品互联 网销售（仅销售预包装食品）；保健食品（预包装）销售；食品进出口；包装服务。（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）许可项目：酒类经营；食品销售；食品互联网销售。 （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 可证件为准）（涉及国家规定实施准入特别管理措施的除外）。 ...

天眼查App显示，近日，四川高红盛商贸有限公司成立，法定代表人为潘红，注册资本100万人民币， 经营范围为一般项目：食品互联网销售（仅销售预包装食品）；包装材料及制品销售。（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）许可项目：酒类经营。（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为准）。 ...

天眼查App显示，近日，成都温鑫泰商贸有限公司成立，法定代表人为韩逸潇，注册资本10万人民币， 经营范围为一般项目：皮革销售；皮革制品销售；制鞋原辅材料销售；针纺织品销售；针纺织品及原料 销售；橡胶制品销售；箱包销售；五金产品批发；五金产品零售；专业设计服务。（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）。 ...

天眼查App显示，近日，中山港彩商贸商行（个体工商户）成立，注册资本0.5万人民币，经营范围为一 般项目：办公用品销售；复印和胶印设备销售；电子专用设备销售；纸制品销售；办公服务；摄影扩印 服务；企业形象策划；会议及展览服务；摄像及视频制作服务；信息咨询服务（不含许可类信息咨询服 务）；社会经济咨询服务；咨询策划服务；货物进出口；技术进出口；非居住房地产租赁。 ...

天眼查App显示，近日，亳州市磨丁商贸有限公司成立，法定代表人为单亚光，注册资本5万人民币， 经营范围为一般经营项目：工艺美术品及礼仪用品销售（象牙及其制品除外）；汽车装饰用品销售；塑 料制品销售；日用杂品销售；美发饰品销售；玩具销售；母婴用品销售；宠物食品及用品批发；宠物食 品及用品零售（除许可业务外，可自主依法经营法律法规非禁止或限制的项目）。 ...

天眼查App显示，近日，苏州从今顺商贸有限公司成立，法定代表人为顾国明，注册资本20万人民币， 经营范围为一般项目：电器辅件销售；照明器具销售；配电开关控制设备销售；电线、电缆经营；电工 器材销售；电子专用材料销售；电力电子元器件销售；电子产品销售；电子元器件零售；电气设备销 售；风机、风扇销售；计算机系统服务；制冷、空调设备销售；电力设施器材销售；机械电气设备销 售；五金产品零售；办公设备销售；办公用品销售；日用百货销售；五金产品批发；建筑装饰材料销 售；门窗销售；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广（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）。 ...

每经AI快讯，ST数源（SZ 000909，收盘价：5.46元）12月12日晚间发布公告称，公司总经理吴小刚先 生因工作调整，董事会同意免去其总经理职务，原定任期为2024年8月29日至2027年6月27日。吴小刚先 生离任后，仍继续担任公司第九届董事会董事、审计委员会委员、控股子公司杭州中兴房地产开发有限 公司董事长职务。 经公司董事长提名，并经第九届董事会提名委员会2025年第一次会议审查通过，公司董事会同意聘任左 鹏飞先生担任公司总经理。 2025年1至6月份，ST数源的营业收入构成为：园区产业类占比51.26%，房地产开发与经营业占比 17.3%，通信及相关设备制造业（视音频产品）占比15.06%，商贸业务占比14.26%，其他类占比 2.12%。 每经头条（nbdtoutiao）——实施城乡居民增收计划、降准降息等工具灵活高效运用、增加普通高中学 位……深度解读中央经济工作会议 （记者 王晓波） 截至发稿，ST数源市值为24亿元。 ...