初冬的武汉，因一场盛会而格外热闹。11月19日至23日，2025武汉（汉口北）商品交易会（简 称"汉交会"）成功举办。来自全球约50个国家和地区的使节与商协会代表、超3000家企业汇聚江城，线 上线下交易火爆，展现出武汉打造内陆开放新高地的强劲吸引力。 汉交会的盛况，是武汉商贸活力的生动注脚。被誉为"楚中第一繁盛处"的武汉，正以建设国家商贸 物流中心为目标，在立体交通网络、现代物流体系与强大消费市场的驱动下，重塑"货到汉口活"的荣 光。 交通赋能：从"九省通衢"到"九州通衢" 昔日的武汉，凭借长江与汉水交汇的区位优势，舟楫云集，货通四方。如今，这座城市的格局已不 再局限于传统水运，而是将地理区位的"天赋"转化为现代立体交通体系的塑造，其目标已锚定为建设国 际性综合交通枢纽城市。 天河机场的跨越式发展尤具代表性。天河机场年旅客吞吐量从2013年的1570万人次，跃升至2024年 的超3000万人次，实现运力倍增。随着第三跑道正式投用，武汉航空枢纽迈入"三航站楼+三跑道"时 代，国际及地区航线增至70条。更具战略意义的是，天河机场与花湖机场协同构建的航空客货运"双枢 纽"，让武汉乃至武汉都市圈加速融入世界经济版图 ...

新华社记者邹多为、戴锦镕、丁乐 中国越发展就越开放，开放是国家繁荣发展的必由之路。 随着一个身披"红妆"的集装箱被稳稳吊至装箱轮，宁波舟山港年集装箱吞吐量首次突破4000万标准箱， 成为全球第三个达成这一里程碑的港口。 川流不息的货车船只、强大的吞吐能力、高效运转的作业系统……港口作为观察我国外贸活力的"晴雨 表"，清晰展现出货物贸易第一大国的强劲韧性。 海关总署12月8日发布的最新数据显示，今年前11个月，中国货物贸易进出口总值达到41.21万亿元，同 比增长3.6%；11月当月，进出口同比增速回升至4.1%，从2月起连续10个月保持增长。 海关总署副署长王军分析认为，中国外贸之所以稳中有进、量质齐升，主要源于完备产业体系支撑的底 气，新质生产力带来的朝气，以及广大外贸企业迎难而上、开拓进取的锐气。 看产品，以"新"破局。前11个月，中国出口机电产品14.89万亿元，同比增长8.8%。其中，"新三样"产 品、船舶出口增速均超过20%。创新引领、绿色加持的中国制造，在全球竞争力日益凸显。 习近平总书记指出，"面对复杂的外部环境，要坚定信心，坚定不移办好自己的事，坚定不移扩大高水 平对外开放"。 纵观2025年 ...

Industrial Sector - Raw material production is recovering, with steel and building materials output rebounding this week[2] - The average daily pig iron production has decreased compared to the previous week[4] - The operating rate of asphalt and cement clinker has increased, while the float glass operating rate has declined[2][10] Real Estate - New home sales in 30 major cities decreased by 35.8% year-on-year as of December 5, with a 5.0 percentage point decline from the previous week[2] - The year-on-year decline in second-hand home listing prices narrowed to -0.66% as of November 24[22] Domestic Demand - Movie box office revenue increased significantly, with a year-on-year growth of 291.2% as of December 5[2] - National retail sales of passenger cars in November were 2.263 million units, down 7% year-on-year, contrasting with a 6% increase in October[28] - The volume of postal express deliveries increased by 6.4% year-on-year as of November 30[30] External Demand - Port cargo throughput increased by 3.2% year-on-year as of November 30, while container throughput rose by 9.6%[32] - South Korea's export value grew by 8.4% year-on-year in November, with a 4.8 percentage point increase from October[32] Price Trends - The Nanhua Industrial Index rose by 0.4%, with the non-ferrous metal index increasing by 2.4% this week[2] - The futures price of rebar increased by 1.5%, while the spot price rose by 0.9%[39]

Core Insights - The Chinese marine economy is entering a new phase of growth, driven by national strategies aimed at enhancing marine capabilities and promoting high-quality development [1][3] - By 2024, China's marine GDP is expected to exceed 10.5 trillion yuan, marking the entry into the "trillion" era, with a continuous growth trend [1][3] Group 1: Industry Trends - The marine economy is evolving along the coastline, with new growth poles, innovation hubs, and industrial chains being shaped [3] - The integration of advanced technologies in logistics, such as the automated cold chain logistics hub in Ningbo, is enhancing operational efficiency [5][8] - The Shanghai Yangshan Port's automated terminal has increased its annual throughput capacity from 6.3 million TEUs to 7 million TEUs, aiming for 8 million TEUs [8] Group 2: Technological Advancements - The introduction of smart terminal operating systems is optimizing port operations, allowing for real-time scheduling and increased efficiency [8][10] - AI and optimization algorithms at Qingdao Port have improved unloading efficiency by over 20%, setting new records in paper pulp unloading [10] - The use of AGV robots and smart parking systems in Lianyungang is transforming traditional port operations into automated processes [20] Group 3: Ecological and Cultural Integration - Ecological restoration efforts, such as the removal of sea cucumber enclosures in Dalu Island, are revitalizing local marine ecosystems and supporting new industries [12][15] - The integration of cultural heritage with modern industries, as seen in Shouguang's salt production and tourism initiatives, is enhancing the value of the blue economy [17][19] Group 4: Economic Impact - Traditional marine industries continue to play a stabilizing role, with shipbuilding metrics showing significant growth, including a 25.7% increase in new orders [20] - Emerging sectors like offshore wind power and marine ranching are rapidly expanding, with offshore wind capacity increasing by 42.1% year-on-year [20][22] - The comprehensive development of the Antarctic krill industry is projected to generate an annual output value exceeding 2 billion yuan [19]

中国青年报客户端讯（中青报·中青网记者 王烨捷）12月5日，记者从上海海关获悉，今年前10个月，上 海对秘鲁外贸进出口值大幅增长47.1%。"钱凯—上海"海运航线进出口货值已突破50亿元，达53.5亿 元，进出口货物达19.7万吨。 鲁运抵上海的蓝莓。上海海关供图 "钱凯—上海"直航航线的开通，将两国间的海运时间从过去的35-40天缩短至23天，为企业节约20%以 上的物流成本。这条"海上丝绸之路"，成为中秘两国乃至中国与拉美国家之间的经济走廊。据秘鲁官方 统计，2025年1月至9月，秘鲁对外贸易活力显著增强，出口额同比增长17.3%，中国稳居其第一大出口 目的地国。其中，约42%出口产品为农产品，包括牛油果、蓝莓等。 上海海关所属洋山海关针对进境水果等高时效性商品，量身打造通关"绿色通道"，建立全流程监管服务 模式，保障货物高效通关。秘鲁优质产品加速进入中国市场的同时，更多"中国制造"也通过这条新航线 便捷输往秘鲁。 11月3日就有529辆国产汽车在洋山海关监管下发往秘鲁钱凯。洋山海关物流监控六科科长许君毅介绍， 自今年7月，首批1300多辆汽车自上海南港码头直航至秘鲁钱凯港后，出口车辆增势强劲，截至11月 ...

Core Insights - The Canadian government announced two batches of 11 major national projects aimed at enhancing economic autonomy and security, with a total investment of CAD 116 billion [4]. Group 1: Major Projects Overview - The Kitimat LNG Phase 2 project in British Columbia will double the LNG production capacity, positioning Canada as the second-largest facility globally [1]. - The Darlington new nuclear project in Ontario will make Canada the first G7 country to operate a small modular reactor (SMR), capable of powering 300,000 homes once the first unit is operational [1]. - The Montreal Port Contrecoeur terminal expansion in Quebec will increase the port's throughput capacity by approximately 60% [2]. Group 2: Mining and Energy Initiatives - The McIlvenna Bay copper and zinc project in Saskatchewan, developed in partnership with local Indigenous communities, aims to become Canada's first net-zero emissions copper mine [2]. - The Red Chris mine expansion in British Columbia, also in collaboration with local Indigenous groups, plans to extend the mine's life by over ten years, increasing Canada's annual copper production by more than 15% [2]. - The NCTL project in British Columbia aims to integrate the Yukon grid into the national grid, providing clean electricity to Northwest communities [2]. Group 3: Additional Projects - The Timmons Crawford project in Ontario will produce high-quality low-carbon nickel, expected to attract CAD 5 billion in investment [3]. - The Saint-Michel-des-Saints graphite mine in Quebec will integrate with a planned battery materials plant, projected to attract CAD 1.8 billion in investment [3]. - The Wison mine in New Brunswick plans to extract tungsten and molybdenum [4]. - The Iqaluit-Nukikshautit hydroelectric project in Nunavut will be the first hydro project fully owned by Inuit, helping the region reduce its reliance on imported diesel [4].

Core Insights - The integration of Guangxi into the Guangdong-Hong Kong-Macao Greater Bay Area is emphasized as a strategic move to enhance economic connectivity and development [2][4][7] - Guangxi's geographical advantages are highlighted, positioning it as a crucial hub for trade and logistics, particularly with Southeast Asia [2][5] - The region is experiencing significant economic growth, with a GDP increase of 5.3% year-on-year and a notable rise in high-tech manufacturing [7] Group 1: Economic Connectivity - The "Golden Waterway" linking the Pearl River and West River facilitates substantial cargo movement, with over 425 tons per minute through the Guangxi Wuzhou Changzhou Water Conservancy Hub [1] - The North Bay Economic Zone and the Pearl River-West River Economic Belt are being developed to enhance Guangxi's role as a strategic hinterland for the Greater Bay Area [2][4] Group 2: Infrastructure Development - Guangxi has established four railways, ten highways, and four air routes connecting with Guangdong, enhancing transportation efficiency [4] - The region aims to deliver over 15 million tons of high-quality agricultural products to the Greater Bay Area by 2024 [4] Group 3: Trade and Investment - The North Bay Port has opened new shipping routes to Vietnam and Singapore, facilitating rapid export of goods from Guangxi [5] - In 2024, Guangxi plans to attract 860 investment projects from the Greater Bay Area, with a total investment of 206.3 billion yuan, focusing on manufacturing [6] Group 4: High-Quality Development - Guangxi is fostering high-quality industrial development, with a focus on artificial intelligence and digital projects in collaboration with ASEAN countries [6] - The region's industrial output is showing robust growth, with a 7.6% increase in industrial value added and a 26% rise in high-tech manufacturing in the first ten months of the year [7]

Group 1: Automotive Industry - In October 2025, the total import and export value of automotive goods reached $25.31 billion, a year-on-year increase of 9.5% [2] - The import value was $3.68 billion, a month-on-month decrease of 4.6% and a year-on-year decrease of 17.5% [2] - The export value was $21.63 billion, a month-on-month increase of 2.9% and a year-on-year increase of 15.9% [2] - From January to October 2025, the cumulative total import and export value was $232.08 billion, remaining stable compared to the previous year [2] Group 2: Technology and AI - TSMC Chairman Wei Zhejia is expected to attend the OIP forum in Nanjing on December 4, 2025, and will visit several chip design companies [3] - South Korean AI startup Upstage plans to conduct an IPO as early as the second half of 2026 [4] - Australia has launched a national AI plan focusing on three main goals: seizing opportunities, sharing benefits, and ensuring safety [9] - Grayscale Research predicts Bitcoin may reach a historical high in 2026, challenging the traditional four-year cycle theory [10] Group 3: Logistics and Trade - Guangzhou Port expects a 14.7% year-on-year increase in container throughput in November 2025, reaching 2.399 million TEUs [5] - The total cargo throughput is projected to be 50.854 million tons, a year-on-year increase of 3.9% [5] Group 4: Corporate Developments - Canon announced the cessation of operations at its printer factory in Zhongshan, Guangdong, due to market challenges and competition [6][7] - Goldman Sachs raised the target price for Alibaba Health to HKD 5.2, citing structural benefits in the industry [8] - Wuliangye Group has invested in Sichuan Airlines Group, increasing its registered capital from 417 million to 1.219 billion yuan [11] Group 5: Economic Performance - Qingdao's GDP is expected to exceed 1.7 trillion yuan in 2025, with an average annual growth rate of 5.9% [13] - The city's per capita GDP is projected to rise from 127,000 yuan in 2020 to 161,000 yuan in 2024, a cumulative increase of 21.3% [13][14]

Group 1: Core Achievements - During the "14th Five-Year Plan" period, Guangxi's capital market achieved significant growth, with 5 new listed companies and direct financing exceeding 300 billion yuan [1] - From 2021 to September 2025, direct financing in Guangxi reached 300.8 billion yuan, a 21% increase compared to the "13th Five-Year Plan" period, with bond financing growing by 38.87% [1][2] - The total assets and net assets of listed companies in Guangxi reached 601.48 billion yuan and 233.09 billion yuan respectively, both showing over 20% growth compared to the end of the "13th Five-Year Plan" [2] Group 2: Industry Empowerment and Innovation - Guangxi's capital market is closely aligned with local industrial characteristics, promoting deep integration of capital and industry, particularly in advanced manufacturing and green low-carbon transformation [3] - Notable cases include Liugong's transformation through targeted financing and North Bay Port's digital transformation funded by capital market initiatives [3][4] - The issuance of the first sugar warehouse CMBS in China by Guangxi Honggui Capital Operation Group exemplifies tailored financing solutions for local industries [4] Group 3: Market Regulation and Risk Management - The Guangxi Securities Regulatory Bureau emphasized a dual focus on regulation and development, successfully mitigating risks associated with high pledge stocks and illegal guarantees [6][7] - A total of 21 administrative penalties were issued for various violations, with fines totaling 118 million yuan, enhancing market deterrence [7] - The overall market capitalization of listed companies in Guangxi increased from 291.6 billion yuan to 357.1 billion yuan, a growth of 22.46% [7] Group 4: Investor Returns and Market Dynamics - Cash dividends became a significant method for listed companies to return value to investors, with 29 companies distributing a total of 23.58 billion yuan in cash dividends [8] - The trend of share buybacks and increases in shareholding by major shareholders has been on the rise, with 15 companies engaging in buybacks totaling 4.35 billion yuan [8] Group 5: Futures Market Development - The futures market in Guangxi expanded its service capabilities, successfully launching futures products for local industries such as live pigs and alumina [9] - The establishment of 34 futures delivery warehouses and 8 production-financing service bases has enhanced the accessibility of futures market services [9] Group 6: Future Directions - The Guangxi Securities Regulatory Bureau plans to enhance the multi-level capital market's functions and support major projects in artificial intelligence and key metals [10] - Continuous improvement in the quality of listed companies and rigorous risk prevention measures are prioritized for the upcoming "15th Five-Year Plan" period [10]

资本市场还精准赋能产业升级，柳工、北部湾港等企业通过定增、发债等方式完成智能化、数字化转型；广西宏 桂资本发行全国首单糖仓CMBS（商业房地产抵押贷款支持证券），盘活特色糖业资产；多家上市公司布局人工智 能领域，柳钢股份、恒逸石化等则在绿色低碳转型上取得显著成效。 证券时报记者 康殷 "十四五"时期，广西资本市场实现跨越式发展，直接融资规模、上市公司质量、私募基金规模等核心指标均实现 大幅增长，为地方实体经济高质量发展提供了坚实支撑。 2021年至2025年9月末，广西辖区企业直接融资达3008亿元，其中债券融资增幅达38.87%，还落地了全国首单"绿 色科创低碳转型挂钩"公司债等创新产品。新增上市公司5家，形成上市培育良性循环；截至今年三季度末，辖区 上市公司总资产、净资产较"十三五"期末均增长超20%，营业收入累计达1.65万亿元，成为区域经济"压舱石"。 期货市场也实现突破，生猪、氧化铝等广西优势产业期货品种上市，交割库、产融服务基地布局持续优化，"保险 +期货"模式惠及超1万户农户，有效助力特色产业风险管理。 面向"十五五"，广西证监局将聚焦多层次资本市场功能发挥，加大对人工智能、关键金属等领域的融资 ...