遵义中国供销·星悦茂项目开业。 （遵义市新合作发展有限公司供图） 转自：贵州日报 作为隶属中华全国供销总社的央企，北京新合作商业发展有限公司深耕地下空间开发，在全国成功打造了多 条地下商业街，其中贵州贵阳、兴义、黔西等星悦茂项目已成为区域标杆。其坚持的开发路径，与国家"统 筹发展和安全"的战略部署高度契合。 蒋洪飞 城市发展步入存量提质的新阶段，地下空间成为拓展发展维度、增强综合韧性的核心载体。今年出台的《中 共中央 国务院关于推动城市高质量发展的意见》明确提出，要统筹利用地上地下空间，加强"平急两用"公共 基础设施建设。中央城市工作会议亦强调，城市发展需从"增量扩张"转向"内涵提升"，推动地下空间由"零星 开发"转向"系统融合"。遵义星悦茂的诞生，正是北京新合作商业发展有限公司响应国家政策号召，落实中华 全国供销总社以新型商业网点建设提升和完善区域商贸流通的生动实践，实现人防工程与城市发展需求同频 共振，为政策落地提供了可复制、可推广的鲜活样本。 政策领航—— "平急两用"契合城市高质量发展导向 地面是红色历史的厚重叙事，地下是城市新生的鲜活注脚。遵义作为黔北交通枢纽和历史文化名城，老城 区"地上空间有限、 ...

不远处，几个年轻人被一个橱窗吸引，里面的"智能鲜饮机器人"正在按照顾客点单需求制作热饮。"刚 刚逛了一下，这里不仅开了咖啡店、快餐店，还有精酿餐吧。以后下班跟同事相约喝一杯，再坐地铁回 家，太方便啦！"在附近写字楼上班的陈先生说。 记者注意到，除了餐饮店，这处"轨道上的城市客厅"还迎来了理发店、特色糕点烘焙店。此外，一家攀 岩馆也将在不久后开门营业。 "'京投派'项目规划约30家特色店铺，通过地下两层空间与3处接驳口，实现与地铁站厅的无缝衔接。这 一设计优化了传统地铁商业空间，将通勤动线自然转化为生活流线。市民无需出站，便能从快节奏的通 勤场景，迅速切换至一个集购物、餐饮、休闲体验于一体的复合空间。"京投公司资产经营开发事业部 副总经理李秋然介绍。 地铁站正从单纯的交通"途经点"，转变为引人驻足停留的生活目的地。轨道便民商业项目对地铁附属空 间高效集约利用，也为破解城市的空间紧张难题、创新站城融合与民生服务提供了生动案例。 三元桥站项目开业现场的一张地铁线路图上，标注着"京投派"坐标的圆点遍布全市，其中有已建项目， 也有在建和规划项目。据介绍，下一步，京投公司将在公益西桥站、首经贸站、高楼金站等20余个轨道 ...

据悉，村口10%留用地项目位于西湖区转塘街道，东至庙山，南至留转公路，北至留泗路，总用地面积 32909平方米，总建筑面积约86107.4平方米。 该项目位于中国美术学院象山校区、浙江音乐学院、未来的钱塘大学等三所学校辐射范围内，设计定位 为带有文创性质的商业商务街区，承载大学外溢创意创业需求。 结合之江地域特征及板块产业特色，项目将充分融合文化、文创、产业，以自然、艺术、活力、价值的 设计理念，打造集商务生态办公、精品酒店和街区商业于一体的特色商办园区。 从外观设计来看，项目也是处处融入"创意"。建筑外立面采用红砖元素，丰富社区活力，局部采用铝 板、穿孔砖结合LOW-E玻璃窗，通过色彩对比、体块穿插，形成现代美学、文创、商办相融合的园区 氛围。 效果图 同时，设计采用中式坡屋顶及地块三角形的几何元素，建筑中融入三角元素，打造区域"金三角"的IP概 念，并在西北角道路交叉处营造了一个标志性街角的城市空间，提升整个区域的品质。 商报讯(通讯员叶子骆盈颖记者严佳炜)日前，西湖投资集团与转塘街道村口社区共同合作开发的村口 10%留用地项目(杭政储出【2024】162号地块商业商务用房项目)正式开工，这意味着西湖区将 ...

Core Insights - The project involves an investment of approximately 1.14 billion yuan for the upgrade and renovation of Yizhuang Creative Life Plaza, which has officially entered the design bidding phase [2][5] - The renovation plan will retain the existing area of Sam's Club while significantly demolishing and reconstructing other parts, indicating a shift towards an "experiential commercial" model [5][6] - The total building area after renovation will reach 114,900 square meters, with a height limit of 45 meters, aiming for a systematic upgrade of commercial functions through spatial restructuring [5][6] Summary by Sections Investment and Development - Beijing Economic-Technological Development Area Investment Development Co., Ltd. is responsible for the investment and construction of the project [2] - The project has completed approval and is now in the design bidding stage [2] Renovation Details - The demolition will focus on the main building's first and second floors (excluding the Sam's area), as well as all areas of the third and fourth floors, including the auditorium and cinema [5] - Sam's Club will be protected during operations through partitioning [5] Market Context - The current commercial stock in the Yizhuang business district is 390,000 square meters, with significant competition among existing projects [6] - Nearby projects include Beijing Longyue City (150,000 square meters), BHGMall Beijing (73,000 square meters), and Beijing Dazhu Plaza (65,000 square meters), all primarily retail-focused [6] Strategic Implications - The renovation of Yizhuang Creative Life Plaza is seen as a key part of the regional business district's evolution, with a dual strategy of retaining Sam's Club while refreshing the ecosystem [8] - The success of this project could serve as an important model for commercial iteration in suburban areas of first-tier cities [8]

Core Insights - The Beijing Swire Town project has completed the structural topping of all eight buildings, marking a significant milestone for Swire Properties in the region [1] - The project is an expansion of the existing Yintai Center and will be renamed Beijing Swire Town upon completion [1] - The development aims to connect various components seamlessly, integrating office buildings with retail areas, hotels, and supporting facilities, while providing direct access to the subway network [1] Project Details - The project consists of eight interconnected office buildings with a total floor area exceeding 330,000 square meters [1] - The exterior curtain wall installation for office buildings 1 to 4 has been completed, indicating steady progress in construction [1] - The phased opening of the project is scheduled to begin at the end of 2026, contributing to Beijing's high-quality development goals and the construction of a world-class waterfront economic zone in the Chaoyang District [1] Business Strategy - The office space at Beijing Swire Town is designed to attract diverse tenants by integrating nature, art, and technology [1] - Swire Properties aims to enhance the overall appeal of the office cluster through innovative design and connectivity [1]

Core Viewpoint - The debt crisis of Dalian Wanda Group has drawn renewed attention as its founder, Wang Jianlin, has been restricted from high consumption due to legal enforcement actions against the company [1][4][10]. Group 1: Debt Situation - Dalian Wanda Group has a total amount of over 5.3 billion yuan in enforcement cases, with multiple companies' shares frozen [3][5][10]. - The company has been involved in several enforcement actions, with the latest enforcement amounting to 1.86 billion yuan [4][10]. - The total amount of enforcement cases against Dalian Wanda Group has reached approximately 5.26 billion yuan [6][7]. Group 2: Legal Restrictions - The Beijing Third Intermediate People's Court issued a high consumption restriction order against Dalian Wanda Group and Wang Jianlin, preventing them from engaging in various high-cost activities [4][10]. - The restriction includes prohibitions on taking flights, staying in high-end hotels, and purchasing real estate [4][10]. Group 3: Asset Sales and Financial Strategy - To alleviate cash flow pressure, Dalian Wanda Group has been selling assets, including over 30 Wanda Plazas between 2023 and 2024, and 7 more in 2025 [8][9]. - The asset sales are part of a "slimming" strategy aimed at reducing debt [8][9]. Group 4: Market and Industry Impact - The situation of Dalian Wanda Group reflects broader challenges faced by the real estate industry in China, particularly amid tightening macroeconomic policies and funding environments [9][10]. - The high consumption restriction on Wang Jianlin symbolizes a significant shift in the company's financial stability and raises questions about its ability to navigate the ongoing debt crisis [10].

Core Insights - A group of small and medium-sized Chinese companies has unexpectedly attracted significant attention from top global capital, including major financial institutions like UBS, JPMorgan, and Goldman Sachs [1] - The influx of foreign investment into these companies indicates a strong interest in China's high-end manufacturing and technology sectors [1][5] Group 1: Investment Highlights - Luochang Technology, specializing in automotive smart devices, has seen four foreign institutions collectively purchase nearly 2 million shares, with total investments exceeding 45 million yuan [2][5] - Xinke Materials, a high-performance copper alloy manufacturer, attracted substantial investments from Barclays and JPMorgan, acquiring 4.17 million and 3.18 million shares respectively [5][6] - Shuangyi Technology, focused on wind power equipment, has also gained foreign interest, with UBS purchasing 1.48 million shares, making it the sixth-largest shareholder [3][6] Group 2: Industry Trends - The wind power sector is experiencing rapid growth, prompting foreign investors to recognize significant investment opportunities in companies like Shuangyi Technology [3] - The cable industry leader Jinlongyu is gaining attention for its development of next-generation solid-state batteries, with Barclays and Goldman Sachs investing heavily [7] - The commercial real estate sector is also attracting foreign capital, as seen with the company Xintiandi, which has developed a mixed-use project that has become a new urban landmark [7] Group 3: Broader Implications - The collective investment from both foreign and domestic institutions in companies like Zhejiang Huaye indicates a synchronized capital influx, enhancing the growth potential of these firms [6][7] - The strategic selection of companies by foreign investors reflects a careful consideration of their core competencies and market potential, suggesting a positive outlook for the future of these Chinese SMEs [7]

Group 1 - The Yongfeng TOD complex project, developed by Beijing Shichuang Technology Park Development Co., Ltd., has officially topped out, marking a new phase in construction [1] - The project will feature approximately 18,000 square meters of Sam's Club, filling the high-end retail market gap in the area and providing an international shopping experience for local tech talents [1][2] - The total investment for the project is around 5.5 billion yuan, with a construction area of about 207,000 square meters on a site of approximately 32,000 square meters [1][2] Group 2 - The project emphasizes a "station-city integration" feature, enhancing public space and services in the northern district, and aims to become a hub for businesses and residents [2] - It includes a direct underground connection to Metro Line 16 and a ground-level bus station of 6,200 square meters, creating a multi-layered transportation network [2] - The commercial space of 30,000 square meters and 60,000 square meters of innovative office space align with the work-life balance needs of the tech community [2]

Market Overview - The Hong Kong stock market indices collectively rose on August 4, with the Hang Seng Index increasing by 0.92% to close at 24,733.45 points, the Hang Seng Tech Index rising by 1.55%, and the Hang Seng China Enterprises Index up by 1.01% [1][2] - The total market turnover for the day was HKD 234.7 billion, with a rare net outflow of southbound funds amounting to HKD 18.092 billion. Year-to-date, as of August 1, southbound funds have accumulated a net inflow of HKD 879.049 billion into Hong Kong stocks [1][2] Semiconductor Sector - In the semiconductor sector, InnoCare Technologies saw a significant increase, closing at HKD 75.15 per share with a rise of 30.47% and a trading volume of HKD 4.733 billion. The company announced a partnership with NVIDIA to promote the large-scale implementation of an 800 VDC power architecture in AI data centers [6] - Other semiconductor stocks also performed well, with Hua Hong Semiconductor rising by 8.69% and SMIC increasing by 2.90% [7] Gold Sector - The gold sector experienced a notable surge, with Lao Pu Gold rising by 6.23% to close at HKD 733.00 per share, marking a year-to-date increase of 179.85%. The demand for gold as a safe-haven asset has been driven by international uncertainties [14] - Lao Pu Gold projected a revenue of RMB 12 billion to 12.5 billion for the first half of the year, representing a year-on-year growth of 241% to 255%, and a net profit of RMB 2.23 billion to 2.28 billion, up 279% to 288% [16] - Other gold stocks also saw positive performance, with Shandong Gold rising by 10.7% and Chifeng Gold increasing by 8.89% [16] Real Estate Market - In the real estate sector, the number of property sale agreements in Hong Kong for July 2025 was reported at 7,212, a decrease of 0.8% month-on-month but an increase of 37.1% year-on-year. The total value of these agreements was HKD 54.6 billion, down 17.8% month-on-month but up 28% year-on-year [17] - Residential property agreements accounted for 5,766 of the total, with a month-on-month decrease of 3.2% but a year-on-year increase of 54.9%. The total value of residential agreements was HKD 46.4 billion, down 24.1% month-on-month but up 29.9% year-on-year [17] Company-Specific Movements - Zhongke Biological experienced a dramatic increase of 47.76%, closing at HKD 0.99 per share. There are expectations that it may be included in certain indices, which could drive passive fund allocation [8][10] - Conversely, China New City saw a significant decline of 27.86%, partially reversing earlier gains, although it still recorded a year-to-date increase of 26.25% [11][13]

Core Viewpoint - The Zhonggongmei Building, a landmark along Chang'an Avenue, will undergo renovation and upgrade starting in 2026, aiming to create a "cultural reception hall" that integrates craftsmanship, history, and lifestyle [1] Group 1: Project Overview - The Zhonggongmei Building is located in the core area of Fuxingmen, covering an area of 36,000 square meters, housing many national-level craft art treasures and witnessing the dialogue between ancient and modern civilizations [1] - The future commercial space will maintain its cultural attributes while introducing new consumption formats, providing citizens with a new space for relaxation and leisure [1] Group 2: Development Features - The project will create a multi-dimensional scene that integrates commercial experience, smart retail, and co-working spaces [1] - It will incorporate green building technologies to enhance sustainability [1] - The project will leverage the national-level platform of Poly Craft to build a "1+N" IP matrix, promoting deep integration of culture, commerce, and tourism [1]