答：美方措施是典型单边主义、保护主义行为，严重违反世贸组织规则，违背《中美海运协定》平等互惠原则，赋予相关国家航运和造船企业不公平竞争 优势，构成对中国航运、造船等产业的歧视性做法，严重损害中国相关产业利益。中方对此强烈不满，坚决反对，已于10月10日宣布将对涉及美国旗、美 国造、美国公司拥有、参股或经营等美国元素的船舶收取特别港务费。 10月14日，商务部就美对华造船等行业301调查限制措施落地答问。 有记者问：美东时间10月14日，美国依据所谓301调查结果，正式对中国海事、物流和造船领域实施港口费等限制措施，请问中方对此有何回应？ 美方措施不仅影响全球供应链稳定、大幅提高国际贸易成本，也会推高美国内通胀，损害美港口竞争力和就业，影响美自身供应链安全和韧性。美方产业 界对此也有很多反对声音，充分显示出美方做法损人不利己，无益于自身造船业发展。 为进一步维护中国相关产业利益，中方有关部门根据《中华人民共和国国家安全法》《中华人民共和国反外国制裁法》《中华人民共和国国际海运条例》 等有关规定，将部分协助、支持美方相关调查活动的企业列入反制清单，对美国及部分国家和企业危害我国航运、造船等相关产业安全发展利益的行 ...

Market Overview and Key Insights - The Hong Kong dividend sector saw a counter-trend increase last week, with the Hang Seng Hong Kong Stock Connect China Central State-Owned Enterprises Dividend Total Return Index rising by 1.08%, while the Hang Seng Index fell by 3.11% and the Hang Seng Tech Index dropped by 5.48% [1] - The utility and energy sectors led the gains, while consumer discretionary and healthcare sectors lagged [1] - The previous volatility in the dividend style may have been sufficiently corrected, making current valuations attractive for investment [1] Policy Support and Banking Sector Outlook - Under supportive monetary policy, the banking sector in Hong Kong is expected to see fundamental improvements, with a stabilization in interest margin decline leading to better net interest income growth [2] - Policies aimed at local debt management, stabilizing real estate, and reducing internal competition have significantly alleviated extreme risks in bank loans, which is beneficial for reducing non-performing asset pressure [2] Dividend Yield and Valuation of Central State-Owned Enterprises - The dividend yield of the Hang Seng Hong Kong Stock Connect China Central State-Owned Enterprises Dividend Index is 6.10%, compared to 4.62% for the CSI Dividend Index, with a price-to-book (PB) ratio of 0.59 and a price-to-earnings (PE) ratio of 6.67 [2] - Since the beginning of 2021, the total return index has accumulated a return of 136%, outperforming the Hang Seng Total Return Index by 121% [2] Future Market Outlook - The low interest rate environment during the domestic interest rate cut cycle and the weak economic recovery are favorable for dividend strategies [2] - The willingness and ability of central state-owned enterprises to distribute dividends are strong, enhancing the investment value of the Hong Kong Stock Connect central state-owned enterprise dividends [2] ETF Overview - The Huaan Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (code: 513920) tracks the Hang Seng Hong Kong Stock Connect China Central State-Owned Enterprises Dividend Index, reflecting the performance of high-dividend securities listed in Hong Kong with central state-owned enterprises as the largest shareholders [3] - This ETF is the first in the market to combine the attributes of Hong Kong stocks, central state-owned enterprises, and dividends [3] Recent Performance of the ETF - The top ten weighted stocks in the Hang Seng Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index have shown varied performance, with notable dividend yields and weekly price changes [6]

Core Viewpoint - The article discusses China's strong opposition to the U.S. unilateral measures against its maritime, logistics, and shipbuilding industries, which are seen as protectionist and discriminatory actions that violate WTO rules and harm China's industrial interests [2][3]. Group 1: U.S. Measures and China's Response - The U.S. has implemented port fees and restrictions on China's maritime and shipbuilding sectors based on the findings of a Section 301 investigation, which China views as a violation of the China-U.S. Maritime Agreement and WTO rules [2]. - China has expressed strong dissatisfaction and opposition to these measures, stating they unfairly advantage U.S. shipping and shipbuilding companies and harm China's related industries [2]. - In retaliation, China announced on October 10 that it would impose special port fees on vessels with U.S. elements, including those flagged, built, or owned by U.S. companies [2]. Group 2: Impact on Global Trade and U.S. Economy - The U.S. measures are expected to disrupt global supply chains, significantly increase international trade costs, and contribute to rising inflation in the U.S., ultimately harming the competitiveness of U.S. ports and employment [2]. - There are voices within the U.S. industry opposing these measures, indicating that such actions are detrimental to both U.S. interests and the development of its shipbuilding sector [2]. Group 3: China's Legal and Regulatory Actions - In order to protect its industrial interests, China has placed certain companies that assisted the U.S. investigation on a countermeasure list and will investigate actions that threaten the safety and development of its maritime and shipbuilding industries [3]. - China emphasizes a commitment to conducting investigations and enforcement in an open, fair, and just manner, ensuring the rights of all stakeholders are protected [3]. - China maintains a clear stance on these issues, indicating readiness for both confrontation and dialogue, urging the U.S. to correct its actions and engage in equal dialogue to resolve mutual concerns [3].

美方措施不仅影响全球供应链稳定、大幅提高国际贸易成本，也会推高美国内通 胀，损害美港口竞争力和就业，影响美自身供应链安全和韧性。美方产业界对此也有 很多反对声音，充分显示出美方做法损人不利己，无益于自身造船业发展。 为进一步维护中国相关产业利益，中方有关部门根据《中华人民共和国国家安全 法》《中华人民共和国反外国制裁法》《中华人民共和国国际海运条例》等有关规 定，将部分协助、支持美方相关调查活动的企业列入反制清单，对美国及部分国家和 企业危害我国航运、造船等相关产业安全发展利益的行为发起调查。在调查实施过程 中，中方将秉承公开、公平、公正原则开展执法和调查，充分保障各利害关系方权 利。 美东时间10月14日，美国依据所谓301调查结果，正式对中国海事、物流和造船 领域实施港口费等限制措施，请问中方对此有何回应？ 答： 美方措施是典型单边主义、保护主义行为，严重违反世贸组织规则，违背《中美 海运协定》平等互惠原则，赋予相关国家航运和造船企业不公平竞争优势，构成对中 国航运、造船等产业的歧视性做法，严重损害中国相关产业利益。中方对此强烈不 满，坚决反对，已于10月10日宣布将对涉及美国旗、美国造、美国公司拥有、参 ...

Market Overview - The market opened high but closed lower, with the ChiNext Index dropping over 4% in the afternoon. The trading volume reached 2.59 trillion yuan, with over 3,500 stocks declining across Shanghai, Shenzhen, and Beijing markets [1]. Key Highlights 1. **Synthetic Diamonds** - The synthetic diamond sector saw significant gains, with Huanghe Xuanfeng hitting the daily limit and Liliang Diamond rising nearly 15%. This surge was catalyzed by the announcement from the Ministry of Commerce and the General Administration of Customs regarding export controls on superhard materials, effective November 8 [4][5]. - The production and sales ratio in China's superhard materials sector remains high, indicating a balanced supply-demand relationship. The production-sales ratio for diamond wire and micro-powder products is close to 100%, reflecting strong demand in mature applications like photovoltaics and grinding [6]. 2. **Photovoltaics** - The photovoltaic sector was active, with stocks like Yaopi Glass and Renzhi Co. hitting the daily limit. Longi Green Energy and Tongwei Co. also saw gains exceeding 5%. The sector's activity was driven by rumors of upcoming policies to strengthen capacity regulation in photovoltaics [7][8]. - The "anti-involution" measures in the photovoltaic industry have shown preliminary success, with market order improving and polysilicon prices recovering to cost levels. Major silicon material companies are beginning to restore profits, and there is a collective production cut of 30% among photovoltaic glass manufacturers [9]. 3. **Shipping** - The shipping sector performed well, with Nanjing Port achieving two consecutive daily limits and Yuanda Holdings hitting the daily limit. The sector's performance was influenced by the announcement from the Ministry of Transport regarding special port fees for U.S. vessels, effective October 14, 2025 [10][11]. - Recent data from Clarkson indicates a 31% week-on-week increase in VLCC freight rates, reaching $83,684 per day, reflecting the impact of seasonal demand and U.S.-China sanctions on shipping costs [10][11]. Additional Insights - The overall sentiment in the market indicates a cautious optimism, with sectors like synthetic diamonds and photovoltaics showing strong potential for growth due to regulatory changes and market dynamics. The shipping sector is also poised for potential gains due to upcoming policy changes and rising freight rates [12][13].

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index dropping 1.73% to close at 25,441.35 points, and a total trading volume of 398.91 billion HKD [1] - The recent escalation in US-China trade tensions has increased market uncertainty, leading to heightened volatility [1] Blue Chip Performance - China Merchants Bank (03968) led blue-chip gains, rising 4.7% to 48.16 HKD, contributing 13.25 points to the Hang Seng Index [2] - Other notable blue-chip movements included New Energy (02688) up 3.19%, and Construction Bank (00939) up 2.32%, while Semiconductor Manufacturing International Corporation (00981) fell 8.48% [2] Sector Performance Banking Sector - The banking sector is attracting defensive capital due to increased tariff uncertainties, with stable dividends and improved yield attractiveness post-correction [3] - The profit growth for listed banks in the first half of 2025 is projected at 0.8%, indicating a stable outlook [3] Shipping Sector - Shipping stocks showed strong performance, with China COSCO Shipping (01919) up 4.08% as the US port fee measures are set to take effect [4] - Analysts suggest that Chinese shipping companies may benefit more from the current trade dynamics compared to their US counterparts [4] Semiconductor Sector - Semiconductor stocks faced significant declines, with Hua Hong Semiconductor (01347) down 13.08% and SMIC (00981) down 8.48% [6] - Recent regulatory changes affecting a subsidiary of Wingtech Technology have raised concerns about market sentiment in the semiconductor industry [6] Gold Sector - Gold stocks fell sharply following a significant drop in gold prices, with notable declines in companies like Chifeng Jilong Gold Mining (06693) down 6.8% [5][7] Notable Stock Movements - Zhenjiu Lidu (06979) saw a rise of 5.42% following a leadership change, with the new CEO expected to enhance brand operations [8] - InnoCare Pharma (02577) increased by 4.91% due to advancements in GaN technology in collaboration with NVIDIA [9] - New China Life Insurance (01336) announced a profit increase forecast of 45% to 65% for the first three quarters of 2025, leading to a 3.52% rise in stock price [10]

Core Points - Ningbo Ocean (601022.SH) received a fine from the Ningbo Maritime Bureau for violating maritime navigation, anchoring, and operational rules, amounting to 98,000 RMB [1][2] - This is the second fine within a month for Ningbo Ocean, with the previous penalty issued on September 15 for not holding valid crew competency certificates and health proofs [2][3] Company Overview - Ningbo Ocean is a subsidiary of Ningbo Zhoushan Port Co., Ltd., fully owned since December 2008 and listed on the Shanghai Stock Exchange on December 8, 2022, becoming the first domestic port and shipping company to achieve "A-share A-listing" [3] - The company operates 33 container shipping routes with an average of 132 weekly sailings, establishing a domestic trade network connecting 39 ports along the north-south coast and the Yangtze River, as well as international routes to Japan, South Korea, and Southeast Asia [3] - Founded in 1992, Ningbo Ocean has a registered capital of 1,308.633334 million RMB, with Chen Xiaofeng as the legal representative and Ningbo Port (601018.SH) as the major shareholder [3]

新华社北京10月14日电 商务部新闻发言人14日就美对华造船等行业301调查限制措施落地答记者问。 发言人说，为进一步维护中国相关产业利益，中方有关部门根据《中华人民共和国国家安全法》《中华 人民共和国反外国制裁法》《中华人民共和国国际海运条例》等有关规定，将部分协助、支持美方相关 调查活动的企业列入反制清单，对美国及部分国家和企业危害我国航运、造船等相关产业安全发展利益 的行为发起调查。在调查实施过程中，中方将秉承公开、公平、公正原则开展执法和调查，充分保障各 利害关系方权利。 发言人强调，中方在相关问题上的立场是明确的、一贯的，打，奉陪到底；谈，大门敞开。中方敦促美 方纠正错误做法，与中方相向而行，通过平等对话协商方式解决双方关切的问题。 【纠错】 【责任编辑:谷玥】 发言人表示，美方措施是典型单边主义、保护主义行为，严重违反世贸组织规则，违背《中美海运协 定》平等互惠原则，赋予相关国家航运和造船企业不公平竞争优势，构成对中国航运、造船等产业的歧 视性做法，严重损害中国相关产业利益。中方对此强烈不满，坚决反对，已于10月10日宣布将对涉及美 国旗、美国造、美国公司拥有、参股或经营等美国元素的船舶收取特别港 ...

2025年前三季度，依托亚洲区域内贸易活跃度以及供应链协同效应，亚洲区域集装箱货运量稳步增长， 根据集装箱贸易统计(CTS)数据显示，2025年1-8月亚洲区域内集装箱海运货运量同比增长5.5%。 智通财经APP讯，锦江航运(601083.SH)披露2025年前三季度业绩预增公告，公司预计2025年前三季度 实现归属于母公司所有者的净利润约为11.7亿元至12亿元，同比增长62.72%至66.89%。预计2025年前三 季度实现归属于母公司所有者的扣除非经常性损益的净利润约为 11.53亿元至 11.83亿元，同比增长 68.62%至73.01% ...

【锦江航运：2025年前三季度净利同比预增62.72%-66.89%】智通财经10月14日电，锦江航运 (601083.SH)公告称，锦江航运预计2025年前三季度归属于母公司所有者的净利润为11.70亿元-12.00亿 元，同比增长62.72%-66.89%。前三季度，依托亚洲区域内贸易活跃度以及供应链协同效应，亚洲区域 集装箱货运量稳步增长，根据集装箱贸易统计（CTS）数据显示，1—8月同比增长5.5%。公司传统优势 航线保持差异化竞争优势，上海日本航线、上海两岸间航线继续稳居市场占有率第一。 转自：智通财经 ...