在全球贸易格局持续变化、外部不确定性上升的大背景下，外贸企业正面临关税壁垒、订单 转移、回款周期拉长等多重挑战。 作为外贸大省，福建、浙江地区的中小企业出口需求强烈。多家企业负责人坦言，尽管海外 市场需求依然旺盛，但资金链紧张、履约风险增加，正在成为制约企业拓展国际市场的重要 因素。 近日，新浪财经跟随国家金融监督管理总局组织的调研活动，调研福建、浙江地区小微企业 融资协调工作机制的落地情况，了解这一机制如何助力当地企业缓解融资难题，推动经济发 展。 新浪财经在实地调研了解到，小微企业融资协调工作机制落地实施后，针对地方特色产业， 金融监管部门与多方协同联动。通过"订单增信"融资、出口信用保险、定制贷款方案等方 式，为外贸企业出海提供资金与风险保障，成为其走出国门、稳健发展的坚实后盾。 出口型企业面临库存积压压力， 融资机制纾困见效 福建省霸克体育用品有限公司（下称"霸克体育"）是一家全球运动品牌"斯凯奇"代工授权企 业，在应对关税压力的背景下，加之自身发展需要，启动海外设厂，承接一部分的海外订 单。 走进霸克体育的流水线车间，一部分通道被装着鞋成品的货箱占据。霸克体育负责人林振兴 指着那些货箱说："你们看到 ...

Core Points - The establishment of a financing coordination mechanism for small and micro enterprises is essential for stabilizing the macro economy, promoting employment, and advancing economic transformation in China [2] - The mechanism aims to address the financing difficulties faced by small and micro enterprises and the challenges banks encounter in lending [3] Group 1: Financing Coordination Mechanism - The mechanism involves the establishment of coordination at national, provincial, municipal, and county levels, with dedicated teams to facilitate communication between banks and enterprises [3] - As of June, Zhejiang has visited 4.13 million enterprises, with 982,000 included in the recommendation list, and 963,000 receiving credit support, totaling 2.6 trillion yuan in loans [4] - In Fujian, over 3.75 million enterprises have been visited, with 456,793 million yuan in loans granted to 455,700 enterprises by June 2025 [4] Group 2: Precision Matching of Needs - The mechanism focuses on eliminating information gaps between small enterprises and financial institutions by conducting extensive visits to understand financing needs [5] - In Fujian, a "grid worker + bank loan officer" team was formed to conduct thorough visits and match financial products to the specific needs of enterprises [6] Group 3: Support for Technological Innovation - The mechanism is designed to support small and micro enterprises in the technology sector by providing tailored financial products and services [8] - Companies like Zhongyuan Machinery in Fujian successfully obtained 6.4 million yuan in loans through intellectual property pledge financing, facilitated by the mechanism [8] - Zhejiang Haolian Information Technology received 3 million yuan in a no-collateral loan within three working days, demonstrating the mechanism's efficiency in supporting tech enterprises [9]

港股早晨快訊 2025 年 7 月 16 日星期三 個股推介 藍思科技(6613) 19.44 元 / 短線目標價：21.80 元 / 19.1%潛在升幅 催化劑：i) 在美國解除 EDA 禁令和美越貿易協定於同日達成的背景 下，有利後續訂單交付外，料亦可舒緩市場對上游供應鏈單價、毛利率 壓力的憂慮；ii) 預期最快 8 月初可獲納入港股通； 估值：A 股現價對應 FY25E/26E 22.5x/17.7x 預測市盈率(P/E)，H 股 較 A 股折讓超過 25%，我們認為其於行業的龍頭地位，有助折讓收窄； 拜訪紀要 361 度(1361) 收市價：HK$5.01 / 評級：維持買入 / 目標價：HK$5.40 市場回顧 短期看好板塊 今日市場焦點 ➢ 美國聯儲局褐皮書；英國6月CPI及核心CPI ； 宏觀焦點 中國第二季GDP增長5.2%勝預期，工業勝預期，固投零售遜預期； 港滙再觸發弱方兌換保證，金管局買入逾148億港元； 美國6月CPI按年升2.7%，高於預期； 歐盟羅列反制美國關稅清單，涉720億歐元貨品； 企業消息 | 各國指數 | 收市價 | | 變動% 年初至今% | | --- | --- | ...

Group 1: U.S. Tariff Threat on Russia - U.S. President Trump expressed strong dissatisfaction with Russia, threatening to impose a 100% tariff if no agreement is reached within 50 days [2][4] - The White House clarified that the 100% tariff would apply to Russia, with additional secondary tariffs on countries purchasing Russian oil, although details on the secondary tariffs were not provided [4] Group 2: Vanke's Performance Forecast - Vanke A announced a projected net loss of 10 billion to 12 billion yuan for the first half of 2025, compared to a loss of 9.852 billion yuan in the same period last year [6] - The company attributed the losses to a significant decrease in the scale of real estate project settlements, low gross margins, increased asset impairment provisions, and lower transaction prices for certain major assets [6] - Vanke expressed regret over the losses and outlined plans for operational improvement through strategic focus, management enhancement, and adapting to new real estate models [6] Group 3: Yonex Price Increase - Yonex announced a price increase for its badminton products, effective August 1, with price hikes ranging from 30 to 40 yuan [12] - Specific products, such as AS-05 and AS-9, saw price increases from 275 yuan to 350 yuan and from 225 yuan to 295 yuan, respectively [13][15] - The price adjustments were attributed to soaring production material costs [13]

公开消息显示，"村超"足球场此次受损范围高达99%。音响、灯光、监控以及更多看不见的赛事支持设 备几乎都需要重新修理或更替，所需修缮资金近两千万元。 曾经播放量破百亿的村超比赛，不仅丰富了榕江当地居民的文娱生活，更带动了当地文旅发展，让这个 全国最后一批脱贫的县看到了未来发展的希望，用当地人的话来形容，村超就是他们的"命根子"。 6月24日至28日，以"村超"火出圈的贵州省榕江县遭遇连续强降雨，短短4天内两次洪峰过境，最大洪峰 流量达到了11360立方米/秒，创下了榕江历史上的最高纪录。 "从县城到足球场，到处都是被洪水淹没后的狼藉，目前主要的交通干道清淤已完成，村超比赛现场的 跑道，观众席，大屏幕等等几乎都被淹坏了。"汤敏对表示，即便夜间到达村超足球场，依然能够看到 重建工作在进行中，当前村超赛场重建工作进度达60%，接下来的工作重点就是铺设草坪。 7月11日上午，8000平方米人造草坪系统所有原辅料被运送至村超赛场。"货车刚到现场，村民们就主动 上来帮我们卸货，原本卸货时间需要六七个小时，最后三四个小时就卸完了，我们特别感动。还有很多 村民主动给我们送来糯米饭，帮我们在网上做宣传，还要给我们举行答谢仪式， ...

Core Points - 361° has officially become a global partner of World Aquatics from 2026 to 2029, enhancing the support for water sports events and promoting global aquatic sports development [1][4][10] - The partnership signifies a strategic upgrade, aiming to deepen the promotion of water sports and expand the cultural influence of events globally [4][8][13] - 361° will provide professional equipment support for various aquatic sports and contribute to key initiatives like the World Aquatics scholarship program [8][11] Company Overview - 361° is recognized as a leading Chinese sports brand with extensive experience in international event services, having supported major events like the Rio 2016 Olympics and multiple Asian Games [11][13] - The collaboration with World Aquatics marks a significant step in 361°'s internationalization process, enhancing brand influence and market penetration in the global sports goods industry [13] Strategic Implications - The partnership is expected to facilitate deeper cooperation in water sports, exploring broader overseas development opportunities and enhancing the brand's global presence [13] - 361° aims to leverage its technological advantages to provide comprehensive support for World Aquatics, covering major events like the 2027 Budapest and 2029 Beijing championships [13]

Core Insights - The production of badminton shuttlecocks involves over 30 processes, highlighting the complexity and technical requirements of manufacturing [1] - The company has significantly increased its production capacity and export volume, with over 90% of its 400,000 shuttlecocks produced last year being exported [2] - The company is focusing on technological upgrades and automation to enhance production efficiency and product quality, achieving a product qualification rate of 96% [2] Company Overview - Jiangsu Hanyan Sports Goods Co., Ltd. has been operational since 2004, utilizing advanced domestic and international technologies to maintain a leading position in precision, stability, and reliability within the industry [1] - The company's flagship product, the "Aviation" brand shuttlecock, has evolved from its first to sixth generation and is exported to various countries including the USA, Japan, Australia, UAE, Canada, and the Philippines [1] Production and Quality Control - The production process includes meticulous weight grading to 0.1 grams and durability sampling tests, ensuring high standards before packaging [2] - The company has expanded its product range to over ten different models, with a focus on improving durability and precision through intelligent manufacturing processes [2] Market Trends and Challenges - The rising cost of raw materials, particularly the feathers used in shuttlecocks, poses a challenge, as feathers account for 80-90% of the production cost [2] - The emergence of synthetic materials is seen as a potential solution for making badminton more economical and sustainable, aligning with environmental protection goals [2]

Core Insights - The Consumer Price Index (CPI) in June increased by 0.1% year-on-year, ending a four-month decline, primarily driven by a rebound in industrial consumer goods prices [2][3] - The Producer Price Index (PPI) showed a stable trend in certain industries, despite a year-on-year decline, indicating improvements in supply-demand relationships [5][6] CPI Analysis - In June, the CPI rose 0.1% year-on-year, with food prices decreasing by 0.3% and non-food prices increasing by 0.1% [2] - The year-on-year decline in industrial consumer goods prices narrowed from 1.0% to 0.5%, contributing less to the CPI's downward pressure [2] - Notably, gold and platinum jewelry prices increased by 39.2% and 15.9% respectively, collectively contributing approximately 0.21 percentage points to the CPI increase [2] PPI Trends - The PPI's month-on-month decline remained unchanged, but the year-on-year decline widened by 0.3 percentage points [5] - Certain industries, such as the manufacturing of gasoline and new energy vehicles, saw price increases of 0.5% and 0.3% respectively, with year-on-year declines narrowing [5] - The prices of photovoltaic equipment and lithium-ion batteries decreased by 10.9% and 4.8% respectively, but the rate of decline has slowed [5][6] Sector-Specific Insights - The rental demand for housing increased during the graduation season, leading to a 0.1% rise in rental prices [4] - High-tech sectors are experiencing price increases, with integrated circuit packaging and testing prices rising by 3.1% [6] - The prices of daily necessities and clothing increased by 0.8% and 0.1% respectively, reflecting a growing demand for high-quality living [5][6]

Group 1: CPI Analysis - In June 2025, the Consumer Price Index (CPI) increased by 0.1% year-on-year, marking a shift from a decline that lasted for four consecutive months [3][9] - The rise in CPI was primarily influenced by the recovery in industrial consumer goods prices, with the year-on-year decline narrowing from 1.0% to 0.5% [3][4] - Core CPI, excluding food and energy, rose by 0.7% year-on-year, the highest increase in nearly 14 months [3][4] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.4% month-on-month, with the decline remaining consistent with the previous month [6][7] - The year-on-year decline in PPI expanded by 0.3 percentage points, influenced by seasonal price decreases in raw material manufacturing and pressures in export-oriented industries [6][7] - Some industries showed signs of price stabilization and recovery, particularly in sectors benefiting from domestic market improvements and consumption policies [7][6] Group 3: Price Changes by Category - Food prices decreased by 0.3% year-on-year, with notable declines in pork prices by 8.5% and egg prices by 7.7% [9][17] - Non-food prices increased by 0.1% year-on-year, with service prices rising by 0.5% [9][10] - Among various categories, prices for durable goods and entertainment-related items showed increases, reflecting ongoing consumer demand [7][12]

Core Viewpoint - The Consumer Price Index (CPI) has turned from a decline to an increase of 0.1% year-on-year in June, ending a four-month downward trend, influenced by the recovery in industrial consumer goods prices [2][3]. CPI Analysis - In June, the CPI increased by 0.1% year-on-year, with food prices decreasing by 0.3% and non-food prices rising by 0.1% [3]. - The decline in industrial consumer goods prices narrowed from 1.0% to 0.5% year-on-year, reducing its downward impact on CPI by approximately 0.18 percentage points [3]. - International commodity price fluctuations led to significant increases in gold and platinum jewelry prices, which rose by 39.2% and 15.9% respectively, contributing about 0.21 percentage points to the CPI increase [3]. - The core CPI rose by 0.7%, marking a new high in nearly 14 months [3]. PPI and Industrial Prices - The Producer Price Index (PPI) showed a consistent decline in June, but some industries are experiencing price stabilization and recovery due to improved supply-demand relationships [8]. - The construction of a unified national market and increased efforts to combat disorderly low-price competition are contributing to price stabilization in certain sectors [8]. - Prices in the automotive sector, including both traditional and new energy vehicles, have shown signs of recovery, with respective year-on-year declines narrowing [8]. Consumer Demand and Living Costs - The demand for housing rentals has increased during the graduation season, leading to a 0.1% rise in rental prices [6]. - Policies aimed at boosting consumption have led to a rise in prices for daily necessities and clothing, with general daily goods and clothing prices increasing by 0.8% and 0.1% respectively [9]. - High-tech industries are also seeing price increases, with integrated circuit packaging and testing prices rising by 3.1% year-on-year [9].