Core Insights - The approval of Brazilian ETFs by China Asset Management and E Fund marks a significant step in the interconnection of capital markets between China and Brazil, allowing investors to easily access the Brazilian market [1] Group 1: Brazilian Capital Market Overview - The Brazilian capital market is the largest and most influential financial system in Latin America, offering global investors opportunities to share in its resource dividends and economic growth potential, while also being affected by domestic fiscal policies, interest rate cycles, and political ecology [2] - Brazil is a key emerging market and a member of the BRICS nations, with a significant consumer market and ongoing recovery in domestic demand, alongside increasing digital penetration and growth potential in the service sector [2] - The Ibovespa index, as the most representative index of the Brazilian capital market, covers industries with comparative advantages such as mining and agriculture, with a high weight in financial and energy sectors [2] Group 2: Performance and Investment Potential - The Ibovespa index has shown a strong performance among emerging economies, reflecting Brazil's resilience as the largest economy in Latin America and its role as the "world's granary" [2] - The index has an annualized return of over 12% over the past decade, with a year-to-date return of 21.6% as of the end of September, indicating its ability to capture global capital flows into emerging markets [3] - The index's performance is closely linked to international commodity prices and Chinese economic demand, presenting significant growth potential amidst its volatility [3] Group 3: Previous Collaborations and Future Prospects - Prior collaborations between China and Brazil in capital market interconnectivity include the successful launch of the Bradesco ChinaAMC ChiNext ETF in May, which allows Brazilian investors to access the Chinese market [4] - The establishment of mutual ETF listings between China and Brazil enhances the recognition of these products among overseas investors and strengthens the influence of domestic capital markets [4] - China Asset Management has been a pioneer in domestic ETFs and is actively promoting the mutual connectivity of ETF products globally, having previously launched a mutual ETF project with Japan [4]

Core Viewpoint - The approval of Brazil ETFs by China’s Huaxia Fund and E Fund marks a significant step in the interconnection of capital markets between China and Brazil, facilitating easier investment access for investors into the Brazilian market [2][3]. Group 1: Brazilian Capital Market Overview - The Brazilian capital market is the largest and most influential financial system in Latin America, offering global investors opportunities to share in its resource dividends and economic growth potential, while also being affected by domestic fiscal policies, interest rate cycles, and political ecology [3][4]. - Brazil is a key emerging market and a member of the BRICS nations, with a significant consumer market and ongoing recovery in domestic demand, alongside increasing digital penetration and growth in the service sector [3][4]. Group 2: Ibovespa Index Insights - The Ibovespa index is the oldest and most representative index in the Brazilian capital market, covering sectors with comparative advantages such as mining and agriculture, with high weights in finance and energy [4][5]. - The index is currently valued at a relatively low level compared to other emerging markets, and its performance shows low correlation with A-shares, making it an important destination for global asset allocation [4][5]. Group 3: Investment Performance and Opportunities - The Ibovespa index has delivered an annualized return of over 12% over the past decade, with a year-to-date return of 21.6% as of September, reflecting Brazil's political and economic reforms and capturing global capital flows into emerging markets [5]. - The interconnection of capital markets between China and Brazil has previously seen cooperation, such as the successful listing of the Bradesco Huaxia ChiNext ETF in Brazil, allowing Brazilian investors to easily access the vibrant Chinese market [5][6]. Group 4: ETF Connectivity Initiatives - The recent launch of mutual ETF listings between China and Brazil enhances the efficiency and convenience for overseas investors to allocate to Huaxia's ETFs, thereby increasing recognition of mutual ETFs and enhancing the influence of domestic capital markets [6]. - Huaxia Fund has been a pioneer in domestic ETFs and is actively promoting the two-way connectivity of ETF products, expanding its global market footprint [6].

Group 1: Power Transmission and Technology - The Changji Converter Station, part of the Changji-Guquan ±1100 kV UHVDC project, has delivered a total of 368 billion kWh of electricity since its operation in September 2019, with 51.2 billion kWh delivered in the current year [1] - The ±1100 kV UHVDC converter transformers used at the station were independently developed by TBEA Co., Ltd, showcasing significant advancements in domestic technology [1] - Zhang Guoyun, a key technician at TBEA, has played a crucial role in the development of these transformers, reflecting the company's commitment to innovation and quality in power equipment manufacturing [2] Group 2: Agriculture and Cotton Production - Xinjiang's cotton industry is highlighted as a key sector, with an average yield of 154.9 kg per mu and a total production of 5.686 million tons in 2024, accounting for 92.2% of the national output [2] - The research led by Professor Zhang Ruoyu at Shihezi University focuses on the digitalization and sustainable development of cotton production, indicating a shift towards modern agricultural practices [2] Group 3: Drone Technology and Low-altitude Economy - Xinjiang Tianyu Hangtong Technology Co., established in 2023, is poised to tap into the agricultural market with its large-scale drones, driven by the region's vast agricultural land and favorable airspace management [3] - The development of low-altitude economy is supported by improved infrastructure, including the Beidou satellite system and 5G networks, which are expected to accelerate growth in this sector [3] Group 4: Oil Industry and Digital Transformation - Karamay, a city known for its oil production, anticipates an oil and gas equivalent output exceeding 20 million tons by 2025, with crude oil production reaching 15 million tons [3] - The city has embraced digital economy initiatives, establishing Xinjiang's first cloud computing industrial park in 2012 and developing six large data centers under the "East Data West Computing" project [4] - The transformation of traditional industries through digitalization is seen as a key driver for high-quality economic development in Karamay [4]

9月非OPEC产 量韧性仍存 EEOPEC Company Limited 产量数据报告 2025-10-13 研究员:李云旭 从业资格号 F03141405 投资咨询号 Z0021671 彭博援引自Rystad数据显示，9月重点非OPEC国家产量韧性仍在。环比来 看,美国产量延续增长,创下年内新高,此外圭亚那、英国、俄罗斯均有可观 增量,但加拿大产量受到季节性检修拖累,导致样本国家总量环比走低。同比 来看,9月挪威、圭亚那、巴西、加拿大、美国同比增量高达144万桶/日,俄罗 斯因OPEC+配额增加,产量同比增速达31.7万桶/日,供应压力的持续释放仍在 体现。 风险提示:彭博对数据进行回溯调整。 | 单位:千桶/日 | 2025年9月 | 环比数值 | 同比数值 | 同比涨跌幅(%) | | --- | --- | --- | --- | --- | | 美国 | 12338. 46 | 64. 12 | 420. 35 | 3.53 | | 英国 | 432. 98 | 83. 19 | -30. 79 | -6. 64 | | 俄罗斯 | 9408. 64 | 79.00 | 317.00 | 3.49 ...

Core Viewpoint - The Daqing Oilfield is effectively addressing the challenge of oil sludge disposal through the establishment of specialized treatment stations, achieving a "one stone, three birds" effect by recycling oil, reusing water, and utilizing sludge for construction purposes [1][2]. Group 1: Oil Sludge Management - The Daqing Oilfield's production in 2024 is expected to generate 44,000 tons of sludge, with oil sludge accounting for 18.95% due to oil extraction and construction activities [1]. - The oil sludge treatment station in the 7th operation area has an average daily processing capacity of approximately 60 tons during summer, significantly mitigating the issue of secondary pollution [1]. Group 2: Treatment Process and Outcomes - The processed sludge is divided into three components: sludge with oil content ≤2% is sent to drying areas, treated wastewater is discharged to the wastewater system, and oil with water content below 3‰ is transported to the joint station [2]. - The treatment station can process 6,600 tons of oil sludge annually, achieving harmlessness, resource utilization, and economic benefits, with treated soil meeting the pollution control standards for oil sludge in Heilongjiang Province [2].

中国石油新疆油田·中国移动2025克拉玛依马拉松近日在"荒野之旅·时尚之都"克拉玛依鸣枪开跑。这场 经中国田径协会认证的A1类赛事，以15000人参赛规模创下新疆马拉松历史之最，更以"赛事品质天花 板""服务保障天花板""文化创新天花板"三大核心优势，成为路跑赛事的标杆之作。 赛事品质天花板：专业竞技与全民参与的完美融合 规模与规格双突破。本届赛事设全程马拉松（42.195公里）、半程马拉松（21.0975公里）、健康跑（5 公里）三大项目，参赛人数较上届增长30%，其中全马项目吸引3000名专业选手，半马5000人，欢乐跑 7000人，涵盖全龄段跑者。 赛事路线串联克拉玛依河、黑油山、金龙湖、大学城等城市地标，打造"城市文化长廊"，让跑者在戈壁 与湖水交织的赛道中感受"荒野之旅·时尚之都"的独特魅力。 同时，完赛奖牌以市标雕塑"克拉玛依之歌"为灵感，参赛服融入抽油机与城市天际线元素，将石油工业 基因与现代运动美学深度结合。 服务保障天花板：全链条精细化运营树立行业典范 医疗救援体系升级。组委会联合3家定点医院，采用"分区响应+动态追踪"模式，确保突发状况3分钟内 处置。全马"破三"（3小时内完赛）选手更获专 ...

该厂还组织技术力量对关停井进行细致"摸底"，科学有序安排复产，密切跟踪复产效果。前9个月，该 厂共实施复产41口井，阶段产油6900吨，为完成全年产量奠定坚实基础。 地质技术人员精细研究剩余油富集区，在前期转注及复注的区域加大复产力度，提高开井率;在三采连 续注入区域封堵2年以上井层开展轮换开采选井提产。前9个月，该厂实施措施井232口，累计增油约 1.51万吨。 中化新网讯 今年以来，河南油田采油一厂以效益开发为主线，精细油藏评价，精准措施挖潜，多措并 举确保原油产量箭头上扬。 采油一厂相关部门围绕中高渗油藏上倾区、三采低液低受效区、低渗油藏上倾区，突出"甜点区"识别和 高效利用，优选井位进行压裂，前9个月共实施压裂19口井，阶段增油3969吨。 ...

Core Viewpoint - China Petroleum's Jidong Oilfield Company is advancing its production towards a green and low-carbon transformation through the implementation of carbon dioxide recycling and clean energy substitution projects [1][3] Group 1: Carbon Dioxide Recycling - The Gao Shang Bao Gao 17 gathering station is a key facility currently undergoing trial operation, marking a significant step in carbon recovery for the oilfield [1] - The project leader, Li Dong, stated that once fully operational, the maximum injection capacity could reach 60,000 cubic meters per day, with an expected annual recycling of over 30,000 tons of carbon dioxide [3] - This technology recycles carbon dioxide produced during the oil extraction process, enhancing oil recovery rates while achieving carbon resource recycling [3] Group 2: Energy Efficiency Improvements - Jidong Oilfield is enhancing energy efficiency through system optimization and equipment upgrades, with a focus on energy conservation as a crucial pathway for green and low-carbon development [3] - The oilfield has simplified processes and conducted energy-saving renovations, resulting in the shutdown of multiple oil transfer stations and measurement rooms, reducing the total pipeline length by 323 kilometers and improving production system efficiency by 18.5% [3] - The projected electricity savings for 2024 is 6.57 million kilowatt-hours [3] Group 3: Clean Energy Substitution - The Jidong Oilfield has established a "photovoltaic + diversified microgrid" system and built a water surface photovoltaic project on idle platforms [3] - Since the construction of the diversified microgrid system, 1,495 photovoltaic panels have been installed, generating over 920,000 kilowatt-hours annually [3] - The water surface photovoltaic project is expected to save 28,200 tons of standard coal each year [3] Group 4: Future Plans - The Jidong Oilfield plans to continue expanding the application of renewable energy sources such as solar energy and advance carbon storage and carbon-driven oil projects, supported by digital technology to accelerate the goal of becoming a "negative carbon operation area" [3]

人民日报哈尔滨10月12日电 黑龙江省大庆市以"城市筑基"工程为总抓手，通过"织网固垒""区域联建"等 7个专项行动精耕党建"责任田"，有效打通基层"毛细血管"，持续将党建优势转化为基层治理效能。大 庆市从组织体系、基层队伍、工作机制等方面发力，努力实现"小事不出网格、大事不出社区"，让群众 实实在在感受到"党组织就在身边"。目前，该市有2460名网格员、2822名社区工作者服务社区，建设了 500余处暖心服务站。 面对基层干部"留不住、干劲弱"等问题，大庆市推出社区工作者"三岗十八级"、网格员"基本工资+绩效 奖金"薪酬体系，并畅通晋升通道，已有56名优秀社区（村）党组织书记进入事业编制，636名网格员成 长为社区骨干。针对基层干部的能力短板，大庆市搭建"网格党校""家园说知行课堂"等培训平台送学上 门；部分社区推行"我与社区同办公"机制，邀请党员群众参与决策，提升干部服务能力和居民的归属 感。 根据本地实际，大庆市推动属地综合网格与大庆油田红色网格融合，吸纳514名油田干部到社区兼职， 地方和企业共建项目380个，解决民生难题1200余件。拥军街道绿洲社区辖区内驻有大庆第三采油厂4个 作业区、中建八局东北 ...

[ 责编：袁晴 ] 面对基层干部"留不住、干劲弱"等问题，大庆市推出社区工作者"三岗十八级"、网格员"基本工资+绩效 奖金"薪酬体系，并畅通晋升通道，已有56名优秀社区（村）党组织书记进入事业编制，636名网格员成 长为社区骨干。针对基层干部的能力短板，大庆市搭建"网格党校""家园说知行课堂"等培训平台送学上 门；部分社区推行"我与社区同办公"机制，邀请党员群众参与决策，提升干部服务能力和居民的归属 感。 根据本地实际，大庆市推动属地综合网格与大庆油田红色网格融合，吸纳514名油田干部到社区兼职， 地方和企业共建项目380个，解决民生难题1200余件。拥军街道绿洲社区辖区内驻有大庆第三采油厂4个 作业区、中建八局东北公司等多家单位，社区党支部探索出党员联管、场所联用、活动联办、环境联 建、服务联做、平安联抓"六联"机制，推动地企共解难题。 本报哈尔滨10月12日电 （记者崔佳、刘梦丹）黑龙江省大庆市以"城市筑基"工程为总抓手，通过"织网 固垒""区域联建"等7个专项行动精耕党建"责任田"，有效打通基层"毛细血管"，持续将党建优势转化为 基层治理效能。大庆市从组织体系、基层队伍、工作机制等方面发力，努力实现"小 ...