毕马威中国跨国企业渠道联合主管合伙人韩睿盛(Mark Harrison) 南方财经21世纪经济报道记者郑青亭、实习生陈颖北京报道 在全球经济格局深度调整的背景下，中国正从"世界工厂"向"全球创新中心"转型，"双碳"目标与数实融合持续释放巨大市场潜能，为跨国企业提供了历史性 机遇。 面对中国日益激烈的市场竞争和快速迭代的技术环境，数字化转型已成为跨国企业提升竞争力的关键抓手。超过90%的受访企业计划(或已经)开展数字化投 资，其中，52%的企业将"加强数据分析能力"作为首要任务，46%的企业致力于"升级信息技术基础设施"，36%的企业正积极"投资新兴技术"。在应用人工 智能方面，58%的跨国企业已经在其业务运营中使用了人工智能工具。 近日，毕马威发布了《2025年跨国企业中国展望》中文版报告(以下简称《报告》)。报告指出，大多数行业的跨国企业对在中国未来三至五年的收入增长前 景持乐观态度。94%的企业仍在继续投资和押注中国市场，75%的受访跨国企业计划在2025年保持或追加在中国大陆的投资。 毕马威中国跨国企业渠道联合主管合伙人韩睿盛(Mark Harrison)在接受21世纪经济报道记者专访时表示，以人工智能 ...

Group 1 - The World Bank Group's report indicates that as of April 2025, there are 80 carbon pricing mechanisms globally, generating over $100 billion in revenue for governments in 2024 [1] - Green taxes are becoming essential compliance thresholds in cross-border trade, directly impacting corporate green development and global market competitiveness [1] - Chinese companies are rapidly expanding their green exports, including wind power, photovoltaics, and electric vehicles, to over 200 countries and regions, establishing themselves as key players in the global green supply chain [1] Group 2 - Ernst & Young has launched the Sustainability Taxes and Incentives Radar (STIR) to assist companies in navigating complex regulatory challenges related to sustainability tax policies and incentives [2] - STIR integrates global and local information resources, covering existing regulations and identifying regulatory developments, tailored to the business attributes and priorities of companies [2][3] - The tool provides comprehensive coverage of carbon pricing, green taxes, incentives, and other regulatory content, helping companies effectively match domestic and international policies [3]

Economic Growth Projections - China's GDP growth is expected to reach approximately 4.8% in 2026, with nominal GDP growth projected at around 4.6%[10] - The economic recovery is supported by a stable external environment and improved domestic consumption driven by policies promoting consumer spending[9] Macroeconomic Policy - The fiscal deficit rate is anticipated to remain around 4.0%, while the broad fiscal deficit rate is expected to rise slightly to 8.9%[13] - Monetary policy will continue to be moderately accommodative, with expected interest rate cuts of 10-20 basis points and a reserve requirement ratio reduction of 50 basis points[14] Consumption Trends - Service consumption is projected to be a significant driver of economic growth, supported by policies promoting consumption upgrades and the introduction of new consumption categories[22] - Digital consumption showed strong growth, with online retail sales increasing by 9.1% year-on-year in the first eleven months of 2025[22] Manufacturing Investment - Manufacturing investment is expected to rebound in 2026, driven by improved corporate expectations and ongoing industrial upgrades[26] - The focus on high-end manufacturing and technological innovation will be crucial for economic transformation during the 14th Five-Year Plan[27] Infrastructure Investment - Infrastructure investment is set to recover, with new projects under the 14th Five-Year Plan expected to commence in 2026[39] - The share of new infrastructure projects is anticipated to increase, particularly in areas like artificial intelligence and high-end computing[40] Real Estate Market - The real estate market is transitioning to a new stable state, with government policies aimed at stabilizing the market and improving housing quality[46] - The government is expected to initiate a new round of stockpiling of existing housing to enhance housing welfare[48] Cross-Border Trade and Investment - China's export share reached a historical high of 14.2% in the first half of 2025, with expectations for continued resilience in exports due to improved trade relations and demand for high-tech products[50] - The trend of Chinese enterprises enhancing their international operations is expected to continue, with a focus on high-value sectors and cross-border collaboration[52] Hong Kong's Strategic Position - Hong Kong's role as a strategic hub is expected to strengthen, with increased participation in high-value services and enhanced connectivity with mainland China[54] - The region is set to attract more multinational companies and professional services, bolstering its position in the Asia-Pacific trade and finance network[57]

中经记者 石英婧 上海报道 当前，中国正从"世界工厂"向"全球创新中心"深度演进，"双碳"目标牵引绿色转型，数字经济与实体经 济加速融合，为跨国企业带来了前所未有的机遇。《中国经营报》记者了解到，准确把握中国市场脉 搏、前瞻布局未来赛道，成为跨国企业实现可持续发展的核心议题。为此，毕马威日前最新发布了 《2025年跨国企业中国展望》中文版报告（以下简称"《报告》"）。《报告》基于对137家跨国企业的 深入调研，揭示了跨国企业在华发展的新动向。 在应用人工智能方面，《报告》显示，58%的跨国企业已经在其业务运营中使用了人工智能工具。此 外，网络安全已成为中国数字化转型的战略推动因素，而随着跨国企业寻求在全球范围内推广中国开发 的技术和人工智能能力，国内和国际网络安全标准的差异导致了越来越多的运营和合规挑战，弥合这种 差异对于维持信任和韧性至关重要。企业只有通过调整治理框架、加强跨境合作并将网络安全融入创新 的每个阶段，才能更好地实现安全和可持续增长。 毕马威中国跨国企业渠道联合主管合伙人韩睿盛（Mark Harrison）表示，过去六个月，跨国企业在中国 的并购活动显著增加，主要由两种关键策略驱动。首先，全球跨 ...

每经AI快讯，慧辰股份（SH 688500，收盘价：64.17元）12月22日晚间发布公告称，北京慧辰资道资讯 股份有限公司控股股东西藏良知正德企业管理咨询有限公司及其一致行动人聚行知（上海）企业管理咨 询中心（有限合伙）、承合一（上海）企业管理咨询中心（有限合伙）于2025年10月16日与西藏恒擎极 智人工智能合伙企业（有限合伙）签署了《股份转让协议》，良知正德、聚行知、承合一拟通过协议转 让的方式，合计向恒擎极智协议转让其持有的公司无限售流通股约527万股，占公司当前总股本的7%， 转让价格按55.44元/股，相应转让价款合计为人民币约2.92亿元。公司于近日收到转让方与受让方的通 知，本次协议转让已取得中国证券登记结算有限责任公司出具的《证券过户登记确认书》，过户日期为 2025年12月19日，过户数量合计约527万股，股份性质为无限售流通股，本次股份协议转让过户登记手 续已办理完毕。 截至发稿，慧辰股份市值为48亿元。 每经头条（nbdtoutiao）——新能源重卡爆单了，11月销量同比增长178%！两班倒都供不应求，客户直 接进厂催单，这情景十年难遇 （记者 曾健辉） 2024年1至12月份，慧辰股 ...

智通财经APP获悉，当前，中国正从"世界工厂"向"全球创新中心"深度演进，"双碳"目标牵引绿色转型，数字经济与实体经济加速融合，为跨国企 业带来了前所未有的机遇。准确把握中国市场脉搏、前瞻布局未来赛道，成为跨国企业实现可持续发展的核心议题。为此，毕马威最新发布了 《2025年跨国企业中国展望》中文版报告(以下简称《报告》)，该《报告》基于对137家跨国企业的深入调研，揭示了跨国企业在华发展的新动 向。 毕马威中国客户及业务发展主管合伙人江立勤指出，中国市场的结构性创新与升级正推动跨国企业重新审视其在华战略。从这次报告也可以看 到，跨国企业表达了在中国长期发展的信心，越来越多的企业将战略重心从单纯追求扩张转向专注盈利模式的转变，并通过本土化创新和数字化 投入以提高运营效率，优化定价策略，提高利润率，构建在中国市场的战略竞争力。 跨国企业并购业务明显增多显示投资中国信心 从行业区分看，大多数行业的跨国企业认为中国经济将在中短期内出现明显复苏，对在中国未来三至五年的收入增长前景持更为乐观的态度。 94%的企业仍在继续投资和押注中国市场，75%的受访跨国企业将在2025年保持或追加在中国大陆的投资。 毕马威中国跨国企 ...

Core Insights - Accenture plc (ACN) reported strong first-quarter fiscal 2026 results, with earnings and revenues exceeding Zacks Consensus Estimates [1][10] - Earnings per share were $3.94, surpassing estimates by 5.6% and increasing 9.8% year-over-year [1][10] - Total revenues reached $18.7 billion, beating consensus estimates by 1% and rising 6% year-over-year [1][10] Revenue Breakdown - Managed services revenues were $9.3 billion, up 8% year-over-year, exceeding the estimate of $8.8 billion [3] - Consulting revenues totaled $9.4 billion, a 4% increase year-over-year, but fell short of the $9.6 billion projection [3] - Health and public service revenues were flat at $3.8 billion, missing the estimate of $3.9 billion [4] - Resources segment revenues were $2.5 billion, up 3% year-over-year, meeting estimates [4] - Product segment revenues reached $5.7 billion, increasing 6% year-over-year, surpassing the estimate of $5.6 billion [4] - Communications, media, and technology revenues were $3.1 billion, up 9% year-over-year, exceeding the $3 billion projection [5] - Financial services revenues grew 14% year-over-year to $3.6 billion, surpassing the estimate of $3.4 billion [5] Geographic Performance - Revenues from the Americas were $9.1 billion, a 4% increase year-over-year, meeting projections [6] - EMEA revenues reached $6.9 billion, up 8% year-over-year, beating the estimate of $6.7 billion [6] - Asia Pacific revenues were $2.7 billion, increasing 7% year-over-year, surpassing the estimate of $2.6 billion [6] Booking Trends - Total bookings for the first quarter of fiscal 2025 were $20.9 billion, a 12% increase year-over-year [7] - Consulting bookings were $9.9 billion, while managed services bookings were $11.1 billion [7] Operating Results - Gross margin for the first quarter was 33.1%, up 20 basis points from the previous year [8] - Adjusted operating margin increased to 17%, up 30 basis points year-over-year [8] Financial Position - Cash and cash equivalents at the end of the first quarter were $9.6 billion, down from $11.5 billion at the end of the previous quarter [11] - Generated $1.7 billion in cash from operating activities, with capital expenditure of $156.6 million [11] - Free cash flow was $1.5 billion, with $2.3 billion spent on share repurchases and $1 billion paid in dividends [11] Guidance - For Q2 fiscal 2026, revenues are expected to be between $17.35 billion and $18 billion, below the Zacks Consensus Estimate of $18.56 billion [12] - For fiscal 2026, the company anticipates revenue growth of 2-5% year-over-year [12] - Operating cash flow is projected at $10.8 billion to $11.5 billion, with free cash flow expected to be between $9.8 billion and $10.5 billion [12]

Core Insights - PwC has launched a new brand positioning and identity, marking its first major global brand update since 2010, aimed at enhancing its market presence and attracting talent [1] Group 1: Brand Strategy - The brand refresh is driven by the need to adapt to technological changes and reinforce core values of trust and quality, which are fundamental to the brand's foundation [1] - The new brand design, featuring an orange "dynamic logo," is intended to convey a sense of growth and forward-thinking [1] Group 2: Strategic Importance of China Market - The Chinese market plays a crucial role in PwC's global network, being the second-largest economy and vital for global clients [2] - PwC has been in China for over 120 years, with significant contributions to helping Chinese companies access capital markets, auditing 55% of US-listed Chinese companies by market value [2] - 57% of multinational executives believe their investments in China enhance operational efficiency, indicating the market's potential [2] Group 3: Business Operations and Competitive Advantage - PwC's competitive edge lies in its high-quality service and extensive experience, supported by a culture of continuous improvement and substantial investment in employee training [3] - The firm has four main service areas: auditing, tax services, transaction services, and consulting, with a strong market presence in each [3] - PwC has facilitated over 2,000 transactions in the past three years, participating in 40% of cross-border deals in the Chinese market [3] Group 4: Talent Strategy - PwC focuses on providing excellent career development paths and has recruited over 1,000 graduates in mainland China and 500 in Hong Kong this year [4] - The company invests in technology and training to ensure employees remain at the forefront of industry skills, offering global career opportunities [4] Group 5: Corporate Social Responsibility - PwC integrates environmental, social, and governance responsibilities into its mission, committing to net-zero greenhouse gas emissions [5] - The firm has established the Beijing PwC Zhongtian Charity Foundation to support social initiatives, particularly in rural revitalization and youth skill development [5] - Over 11,000 employees have contributed more than 100,000 hours to various volunteer projects [5] Group 6: Artificial Intelligence Utilization - PwC is investing significantly in artificial intelligence, developing tools like ChatPwC to enhance employee access to various language models in a secure environment [6] - The firm emphasizes responsible AI usage, aligning with its mission to enhance societal trust [6]

Core Insights - The effective implementation of new technology in the real estate sector hinges on addressing core industry challenges, enhancing governance and operational efficiency, and undergoing continuous market validation [1] - The integration of AI into real estate is advancing towards a higher level, presenting a dual reality of a "clear future" and a "fuzzy present," with practical application being the only pathway [1] Group 1: Industry Challenges - The traditional real estate industry faces issues such as data silos and high complexity in system integration, making the transition from "experience-driven" to "intelligent decision-making" difficult [1] - The lack of unified standards in the construction industry, complex system integration, long investment cycles, and a shortage of multidisciplinary talent necessitate a systemic transformation from "passive" to "active" [1] - Establishing competitive advantages in real estate asset management requires balancing short-term returns with the long-term development of management capabilities [1] Group 2: Innovation Practices - Five key innovative practice directions have been identified: 1. Evolution of AI foundational capabilities from "tool empowerment" to "ecosystem reconstruction" 2. Data-driven core with first-party data becoming the engine of value creation 3. Restructuring customer relationships where CRM shifts from a "management tool" to a "value co-creation partner" 4. Future space construction driven by both "technology empowerment" and "human-centered care" 5. Advancement in real estate asset management through AI-enabled refined operations of existing assets [2] Group 3: Future Outlook - The clear expectations in AI-enabled real estate depict a future worth striving for, while the fuzzy reality represents a necessary phase of trial and learning during industry upgrades [3] - The industry must break free from conventional thinking, leveraging AI models to empower both internal and external users, leading to a transformative change in business processes and enhancing core competencies in data assets, algorithm capabilities, and organizational agility [3]

本报讯 （记者李雯珊）12月17日，毕马威在深圳成功举办"领先不动产科技50"新智实践案例榜单发布 暨颁奖礼。本次活动以"集新思，蓄新势"为主题，汇聚行业研究者、企业领军者及科技先锋代表，通过 多轮"未来 拓思"圆桌分享，共同思考AI为不动产行业带来的"次方级"改变，为实现效率跃升、体验创 新、模式重构蓄积前瞻参考。 活动现场，毕马威发布了《领先不动产科技50新智实践案例》报告（以下简称《报告》）。该《报告》 基于对企业申报案例的调研与研究梳理AI技术在不动产领域应用的阶段性特征与未来方向。 毕马威中国客户及业务发展主管合伙人江立勤表示，新一代科技创新在行业中的有效落地，不在于技术 本身的华丽，而在于能否切中行业核心挑战、提升治理与运营效率、并被市场与用户持续检验。不动产 科技的价值体现在既解决短期问题，更为行业注入长期的结构性动力。毕马威希望通过客观、审慎的视 角推动行业交流与合作，凝聚产业界、技术界与资本市场的力量，推动形成更加开放、健康与可持续的 行业生态。 《报告》认为，行业虽对智能化未来形成共识，但由于技术突破的速度，远远超过了企业组织能力、数 据基础与战略协同的进化速度，目前AI在不动产与建筑领域 ...