Core Viewpoint - Meinian Health Industry Holdings Co., Ltd. plans to acquire significant stakes in multiple health management and medical examination companies through a share issuance, indicating a strategic expansion in the health sector [1][2]. Group 1: Transaction Details - The transaction involves the acquisition of 84% of Hengyang Meinian Health Examination Center Co., Ltd., 81% of Ningde Meinian Health Management Co., Ltd., 75% of Yantai Meinian Health Examination Management Co., Ltd., and several other companies with varying ownership percentages [1]. - The stakes being acquired include both majority and minority interests in various health management firms across different regions, showcasing a broad geographic expansion strategy [1]. Group 2: Regulatory Compliance - Guangdong Securities Co., Ltd. conducted an independent review and confirmed that the involved parties do not face any regulatory issues related to insider trading or administrative penalties in the last 36 months, ensuring compliance with relevant regulations [2]. - The review concluded that the transaction does not violate any provisions outlined in the "Guidelines for Major Asset Restructuring of Listed Companies" and "Self-Regulatory Guidelines for Listed Companies" [2].

营所需的相应资质，标的资产的过户不涉及立项、环保、行业准入、用地、规划、 建设施工等有关报批事项。本次交易涉及的有关审批事项已在本报告书中详细披 露，并对本次交易无法获得批准或核准的风险作出了特别提示; 转让的情形；标的公司不存在出资不实或者影响其合法存续的情况，在相关法律 程序和先决条件得到适当履行和满足的情形下，标的资产过户至公司名下不存在 实质性法律障碍； 与关联人保持独立，符合中国证监会关于上市公司独立性的相关规定。本次交易 有利于提高公司资产的完整性，有利于公司在人员、采购、生产、销售、知识产 权等方面继续保持独立； 大不利变化；有利于上市公司突出主业、增强抗风险能力；有利于上市公司增强 独立性，不会导致新增重大不利影响的同业竞争，以及严重影响独立性或者显失 公平的关联交易。 粤开证券股份有限公司 关于本次交易符合《上市公司监管指引第 9 号——上市公 司筹划和实施重大资产重组的监管要求》第四条规定的核 查意见 美年大健康产业控股股份有限公司（以下简称"美年健康"、"上市公司"） 拟通过发行股份的方式购买衡阳美年健康体检中心有限公司84.00%股权、宁德美 年大健康管理有限公司81.00%股权、烟台 ...

Group 1 - The asset evaluation report is prepared based on the Chinese Asset Evaluation Standards and aims to assess the value of the entire equity of Wuhan Meici Aoya Technology Management Co., Ltd. for the purpose of issuing shares to purchase assets by Meinian Health Industry Holdings Co., Ltd. [1][2] - The evaluation was conducted by Jinzheng (Shanghai) Asset Evaluation Co., Ltd. using the income method and asset-based method, with a market value assessment date of March 31, 2025 [5][7]. - The assessed market value of the entire equity of the evaluated unit is RMB 83 million (8,300.00 million) as of the evaluation base date [7][28]. Group 2 - The evaluated unit, Wuhan Meici Aoya Technology Management Co., Ltd., was established in December 2017 and focuses on health check-ups, health consulting, and management services [9][10]. - The company has a registered capital of RMB 80.8276 million and operates in Wuhan, with its business scope including medical services and health consulting [9][10]. - The financial status of the evaluated unit shows total assets of RMB 56.89 million, total liabilities of RMB 37.31 million, and total equity of RMB 19.58 million as of March 31, 2025 [28][29]. Group 3 - The evaluation report indicates that the assessed unit's main assets include current assets, fixed assets, intangible assets, and other non-current assets, with fixed assets comprising 1,510 pieces of equipment valued at RMB 29.66 million [29]. - The company has established branches and offers a range of health check-up products tailored to different age groups, addressing common health issues [17][21]. - The revenue model includes income from health check-up services, with a focus on both group and individual clients, and the company aims to provide a comprehensive health management solution [24][25].

粤开证券股份有限公司 关于美年大健康产业控股股份有限公司本次交易 信息公布前股票价格波动情况的核查意见 美年大健康产业控股股份有限公司（以下简称"美年健康"、"上市公司"） 拟通过发行股份的方式购买衡阳美年健康体检中心有限公司84.00%股权、宁德美 年大健康管理有限公司81.00%股权、烟台美年大健康体检管理有限公司75.00% 股权、烟台美年福田健康体检管理有限公司49.00%股权、武汉美慈奥亚科技管理 有限公司52.81%股权、三明美年大健康管理有限公司85.00%股权、肥城美年健康 管理有限公司90.00%股权、德州美年大健康体检管理有限公司84.00%股权、连江 美年大健康管理有限公司82.00%股权、沂水美年大健康体检管理有限公司80.50% 股权、山东美铭奥亚健康咨询有限公司92.35%股权及控股子公司郑州美健健康管 理有限公司47.37%少数股权、广州花都区美年大健康管理有限公司49.00%少数 股权、安徽美欣健康管理咨询有限公司42.46%少数股权、淄博美年大健康管理有 限公司49.00%少数股权、吉林市昌邑区美年大健康科技管理有限公司48.05%少 数股权（以下简称"本次交易"）。 粤开证 ...

Core Viewpoint - Indonesian companies Zi.Care and GreenTeams are seeking partnerships with top Chinese innovative enterprises to facilitate their entry into the Indonesian market, highlighting the potential for collaboration between Chinese technology and local industries [2][3][4]. Group 1: Company Overview - Zi.Care is a leading health technology company in Indonesia, providing the only AI-driven electronic medical record system that meets Level 7 standards, having processed over 8 million patient records [3]. - GreenTeams is the largest climate technology company in Indonesia, specializing in air quality monitoring and offering end-to-end solutions, including hardware and AI-driven software [4]. Group 2: Market Opportunities - Indonesia, as Southeast Asia's largest economy with a population of approximately 281 million, presents significant opportunities for Chinese companies, especially in sectors where local products are often more expensive due to Western monopolies [5][6]. - The acceptance of Chinese products in Indonesia is gradually increasing, particularly due to their competitive pricing compared to Western brands, which can be significantly higher [6]. Group 3: Strategic Partnerships - Both Zi.Care and GreenTeams emphasize the importance of strong government relationships in Indonesia, which can serve as a differentiating advantage in navigating local regulations and policies [3][4]. - Collaborating with local companies like Zi.Care and GreenTeams can provide Chinese hardware and software providers with a bridge to enter the Indonesian market more effectively [6]. Group 4: Economic Context - Indonesia's GDP is projected to reach $1.37 trillion in 2024, with a year-on-year growth of 5.03%, indicating a robust economic environment for potential investments [5]. - The bilateral trade between China and Indonesia is substantial, reaching $147.8 billion in 2024, primarily focused on infrastructure, minerals, and machinery [5]. Group 5: Event Context - The 2025 "Win in Suzhou" Global Innovation and Entrepreneurship Competition serves as a platform for international projects, including those from Indonesia, to seek investment and partnerships [7].

来源：环球网 近年来，世界经济正处在由"全球化"向"逆全球化"发展的"转向期"，技术变革、环境与制度等一系列因 素，正将分散在世界各地的全球市场体系转向相对集中的区域性生产网络。而在"逆全球化"的趋势之 中，中国市场正以其开放、创新、活力、包容的面貌，吸引着越来越多的全球品牌驻足于此，许多国际 企业将中国市场视为"具有巨大潜力"的市场。而另一方面，中国的本土品牌也在努力突破"逆全球化"的 桎梏，加速迈向全球舞台，进一步加深了全球品牌与中国品牌之间的融合与竞争共生关系。 北京大学国家发展研究院近期发布的数据显示，2023年一季度至2025年一季度，中国线上消费品牌指数 （CBI）从59.42升至63.38，2025年一季度相较基期指数增长6.7个百分点，消费品质显著回升。报告还 指出，随着高水平对外开放持续推进，中国超大规模市场优势愈发凸显，已成为全球品牌在国际业务布 局中的核心市场。这表明，中国市场为国际品牌提供了可持续发展的稳定预期，这成为众多国际企业深 耕中国市场的核心动力。 草本智慧的全球化表达与本土化实践 7月3日，一场聚焦"草本健康理念"的产品体验活动在广州黄埔保税区仙妮蕾德中国研发及体验中心举 办 ...

Group 1 - The conference "2025 High-Quality Consumption Brand TOP100 Innovation Ecosystem Conference" was held in Shanghai, focusing on exploring new paths for brand growth amidst economic cycles [2] - The "2025 High-Quality Consumption Brand TOP100 Trend Insight Report" was released, providing insights into consumer market trends [2] Group 2 - Companies with higher barriers to entry are better positioned to navigate economic cycles, as they can effectively combine supply chain, distribution, and consumer perception capabilities [4][6] - A strong supply chain ensures product innovation, quality, and user experience, while deep distribution makes products easily accessible to consumers [6] - Brands should consider counter-trend strategies, such as adopting retro methods in product development, to attract consumer interest [6] Group 3 - Companies in the beauty industry can navigate economic cycles by creating a matrix of different brand images and price points to cater to diverse consumer preferences [7][9] - Key strategies include enhancing core competencies, achieving a balanced online and offline presence, and investing in international expansion [9] - Providing emotional value through products is essential, as seen in the development of products that resonate with consumer psychological needs [9] Group 4 - Understanding the supply-demand relationship during economic cycles is crucial for identifying market opportunities [10][12] - Companies should focus on emerging consumer segments, such as the wellness market for younger demographics, to drive growth [12] - The introduction of innovative services, like personalized massage robots, can enhance customer experience and address health concerns [12] Group 5 - Standardizing service delivery is vital for adapting to changing consumer demographics, from "80s" to "00s" generations [13][15] - The challenge lies in meeting diverse consumer expectations through a standardized service model [15] - Implementing a digital management system can improve service delivery efficiency and responsiveness to consumer needs [15]

Core Viewpoint - The National Healthcare Security Administration (NHSA) has officially initiated the adjustment application process for the 2025 National Basic Medical Insurance, Maternity Insurance, and Work Injury Insurance drug catalog, along with a newly established commercial health insurance innovative drug catalog [1][2]. Group 1: Policy Implications - The inclusion of commercial health insurance in the national drug catalog system marks a significant breakthrough in China's multi-tiered medical security system, providing a regulatory foundation for commercial health insurance to enhance the accessibility of innovative drugs [5]. - The new commercial insurance catalog emphasizes a negotiation mechanism centered on information symmetry and professional support, which is crucial for collaboration between pharmaceutical companies and insurance providers regarding drug value recognition, pricing logic, and risk assessment [6]. Group 2: Innovative Drug Coverage - The "2025 China Innovative Drug and Medical Device Multi-Payment White Paper" indicates that currently, disease insurance accounts for 50% of commercial insurance payouts for innovative drugs, with million medical insurance at 22%, and other types making up the remainder [7]. - The key to designing products is to incorporate innovative drugs into a "sustainable protection structure" rather than treating them as merely high-priced medications [7]. Group 3: Recommendations for Improvement - Industry experts suggest focusing on three areas: introducing real-world evidence and stratified population data for better identification of payee groups, creating a combination of "basic insurance + commercial insurance + pharmaceutical company co-payment," and standardizing and automating the process from drug catalog to claims rules through a platform mechanism [7]. - There is a call for enhancing patient experience, process transparency, and claims efficiency as part of the catalog evaluation criteria to ensure that the catalog is accessible, implementable, and efficient in claims processing [8].

在推介会展区，30余款"温江造"特色产品集中亮相。圣恩食品、中钞长城等10余家温江企业通过实物展示、现场品鉴等方式，呈现食品加工、智能硬件、文 创艺术等领域的产业优势。补小鲜等银发特色产品吸引众多宁波企业关注。这些产品聚焦老年健康食品、智能康养设备等领域，展现了温江在银发经济赛道 上的创新实力。 "温江产品创新性强，与宁波产业互补空间大，非常期待深化供应链合作。我相信通过这次推介会，我们能够找到更多的合作契机。"宁波全贸信息技术有限 公司负责人表示。 推介会前，温江还举办了主题为"银发经济赢在温江"的恳谈会，向与会企业全面展示区域医疗资源、康养配套及发展银发经济等方面的核心优势。与会宁波 企业相关负责人纷纷表示，温江区依托医药健康、装备制造、绿色食品等产业优势，聚焦老年健康食品、智能康养设备等领域，展现了在银发经济赛道上的 创新实力和发展前景。 7月10日，由成都市温江区人民政府主办的"开放成都链接全球"成都市"蓉品出海"（宁波）专场暨成都市温江区文商旅体养融合发展长三角（宁波）投资推 介会在宁波市举行。 投资推介会现场 会上，温江区就温江产业生态和投资环境进行了介绍，甬温双方现场举行了项目签约，并达成合作协 ...

Core Insights - Jiangsu Bank has successfully launched a "Value of Ecosystem Product in specific geographic units (VEP)" pledge loan to support the construction of the Anji "Two Mountains" Future Technology City (Phase I) ecological environment-oriented development (EOD) project, exploring a path for realizing the value of ecological products and transforming "green mountains and clear waters" into "golden mountains and silver mountains" [1][2] Group 1 - Anji County, located in the center of the Yangtze River Delta, is the birthplace of the concept "green mountains and clear waters are as valuable as golden mountains and silver mountains," and has a strong foundation for green development [2] - The EOD model has been adopted in Anji County to address industrial transformation and local ecological issues, focusing on the construction of the core area of the "Two Mountains" Future Technology City, leveraging landscape resources to develop digital economy, health industry, and research platforms [2] - Jiangsu Bank provided a credit loan of 1.6 billion yuan to Anji Jin'an Construction Development Co., Ltd., specifically for the EOD project, which aims to address ecological issues and promote the transformation of ecological governance through technological innovation [2][4] Group 2 - The construction of the "Two Mountains" Future Technology City is expected to achieve a reduction of 390 tons in VOCs emissions, a sewage treatment rate of 98%, ecological bank restoration of 7,800 meters, and an increase in green space of 380,000 square meters [4] - The project will also add 155,755.6 square meters of office space, with a projected growth of over 20% in the core digital economy industry and the creation of more than 3,000 new jobs [4] - Jiangsu Bank has been a steadfast advocate for green development, with a green financing balance exceeding 700 billion yuan and serving over 12,000 green enterprises, positioning itself among the top banks in China in terms of green loan ratios [4]