（文章来源：人民日报） 据介绍，与往年明显不同，今年7月电商物流市场并未因年中电商大促等活动结束而暂时沉寂。在促消 费政策支持下，7月电商物流需求不降反升，广大农村地区电商消费火热，成为带动电商物流指数上升 的重要因素。 本报北京8月24日电 （记者欧阳洁）中国物流与采购联合会近日发布数据，今年7月，中国电商物流指 数为112.0点，比上月回升0.2点，创年内新高。分项指数中，总业务量指数、农村业务量指数、库存周 转率指数有所上升。 电商物流总业务量指数再创年内新高。7月份，电商物流总业务量指数为130.9点，比上月回升0.1点。分 地区来看，西部地区高于全国平均水平。 电商物流农村业务量指数加速回升。7月份，农村电商物流业务量指数为131.5点，比上月回升1.1点。分 地区来看，所有地区农村业务量指数均有所回升，中部地区回升幅度最大。 ...

来源：市场资讯 （来源：ETF万亿指数） 香港股市迎来新一轮调整，恒生指数成分股再次扩容，三只新股入选引发市场关注。 8月22日，恒生指数有限公司公布了最新季度检讨结果。恒生指数成份股数目将从85只增加至88只，新 纳入中国电信股份有限公司、京东物流股份有限公司和泡泡玛特国际集团有限公司。 | 代號 | 公司 | 恒指分類指數 | | --- | --- | --- | | 728 | 中國電信股份有限公司 - H 股 | 恒生工商業分類指數 | | 2618 | 京東物流股份有限公司 | 恒生工商業分類指數 | | 9992 | 泡泡瑪特國際集團有限公司 | 恒生工商業分類指數 | 这也是恒指持续扩容的又一举措。所有变动将于2025年9月8日正式生效 。此次调整结果基本符合市场预期，尤其是泡泡玛特的入选此前已被多家机构预测。 标题中的"染蓝"是什么意思？解释一下，"染蓝"是港股市场里一个形象又有趣的说法，它指的是某家公 司的股票被纳入恒生指数成份股。因为恒生指数俗称"蓝筹指数"，其成份股被称为"蓝筹股"，所以新加 入的股票自然就是"沾染了蓝色"。 01 季检结果揭晓 本次恒生指数季检结果于8月22日公布。三 ...

受国家各项消费补贴的影响，7月电商物流需求上升。8月12日，中国物流与采购联合会发布的数据显 示，7月中国电商物流指数为112.0点，比上月回升0.2点；电商物流总业务量指数为130.9点，比上月回 升0.1点，均创年内新高。 电商物流领域库存周转率指数止跌回升。7月，随着电商促销活动陆续结束，企业备货减少，库存周转 率指数环比回升。但受多地暴雨等汛期极端天气影响，物流时效指数环比回落0.5点。 与往年明显不同，今年7月电商物流市场并未因年中电商大促等活动结束而暂时沉寂。中国物流与采购 联合会副会长何辉表示，7月电商物流指数可以说是淡季不淡。随着业务量的回升，电商物流的实载率 （指数）也在回升，物流的成本在下降。 据国家发展改革委此前表示，今年7350亿元中央预算内投资已基本下达完毕，较2024年增加350亿元， 创历史新高，并形成"投资—就业—消费"的良性循环。 中国物流信息中心副总经济师胡焓表示，一方面，广大农村地区电商消费火热，成为带动电商物流指数 上升的重要因素。另一方面，7月促消费政策持续，1380亿元"国补"资金陆续下达，居民消费热情和信 心不断增强。"夏日经济"成为本月线上销售的主要驱动力，受高 ...

12日，中国物流与采购联合会公布7月份中国电商物流指数。在促消费政策的支持下，电商物流持续活 跃，指数再创年内新高。 7月份中国电商物流指数为112.0点，比上月回升0.2点，再创年内新高。 中国物流与采购联合会副会长何辉表示，7月份电商物流指数可以看出淡季不淡，出现了再创新高的好 迹象。随着业务量的回升，电商物流的实载率指数也在回升，物流的成本在下降。(记者王善涛) ...

Group 1 - Douyin is testing a new feature called "My Express" to facilitate users in tracking their express delivery information, currently in collaboration with Jitu Express [1][2] - The logistics sector is crucial for e-commerce platforms, directly impacting user experience and the integrity of the platform ecosystem [2] - Douyin has been exploring logistics for several years, with a strategic focus on e-commerce since 2018 [3] Group 2 - Douyin's e-commerce GMV has shown significant growth, reaching approximately 7.3 trillion, 14 trillion, 27 trillion, and 35 trillion yuan from 2021 to 2024 [4] - Douyin has not built an independent logistics system but collaborates with various express companies for logistics operations [6] - Previous logistics services like "Yin Zun Da" and "Yin Xu Da" were tested to address delivery issues, with the latter covering over 200 cities before being discontinued [7][9] Group 3 - Douyin's logistics strategy reflects a balance between light asset expansion and heavy experience demands, avoiding the pitfalls of self-built logistics systems [10][12] - The company faces challenges in maintaining control over service quality when relying on third-party logistics providers [15] - The testing of "My Express" represents Douyin's ongoing exploration of logistics cooperation and experience optimization, aiming to enhance its ecosystem [16]

Core Viewpoint - The China Logistics and Purchasing Federation reported that the e-commerce logistics index for July reached a new high of 112.0 points, reflecting a 0.2 point increase from the previous month, indicating a positive trend in the e-commerce logistics sector [1] Group 1: E-commerce Logistics Index - The total e-commerce logistics business volume index reached 130.9 points in July, marking a 0.1 point increase from the previous month, setting a new high for the year [1] - The total business volume index in the western and northeastern regions increased by 0.5 points and 0.4 points respectively, with the western region exceeding the national average [1] Group 2: Rural E-commerce Logistics - The rural e-commerce logistics business volume index accelerated to 131.5 points in July, showing a significant increase of 1.1 points from the previous month [1] - All regions in the country experienced an increase in the rural business volume index, with the central region showing the largest rise of 1.7 points [1]

Core Insights - In July, China's e-commerce logistics index reached a new high of 112.0 points, increasing by 0.2 points from the previous month, driven by rising transaction volumes on e-commerce platforms and efficient logistics operations [1] - The total business volume index for e-commerce logistics also hit a record high of 130.9 points, up by 0.1 points from the previous month, indicating robust growth in logistics activities [1] E-commerce Growth Factors - The booming e-commerce consumption in rural areas has significantly contributed to the rise in the e-commerce logistics index, with the rural e-commerce logistics business volume index reaching 131.5 points, an increase of 1.1 points from the previous month [2][3] - All regions in the country saw an increase in rural e-commerce logistics business volume, with the central region experiencing the highest growth of 1.7 points [3] Market Dynamics - Unlike previous years, the e-commerce logistics market in July did not slow down after mid-year promotional activities, as consumer spending policies continued to stimulate demand [4] - The release of 138 billion yuan in national subsidies has enhanced consumer confidence and spending, further driving e-commerce logistics demand [4] Seasonal Trends - High temperatures have fueled the "summer economy," with notable sales increases in categories such as medical supplies, sunscreen, clothing, and beverages, alongside a rise in educational products due to the upcoming school season [5] - The demand for e-commerce logistics is expected to maintain growth momentum as the summer shopping season and back-to-school period approach [5]

中国物流与采购联合会8月12日发布数据显示，7月份中国电商物流指数达到112.0点。这一数值较上月提升0.2点，再次刷新年内最高纪录。在促消费政策持 续发力的背景下，电商物流市场展现出强劲的发展势头。指数的持续攀升反映出电商物流行业的活跃程度不断提高，市场需求保持旺盛态势。 农村电商物流业务量加速增长 农村电商消费的火热程度在各地都有所体现。现代物流体系的不断完善为农村电商发展提供了有力支撑，物流末端服务网络日益丰富。信息化和科技化手段 的深度应用，显著增强了农村电商服务设施的供给能力。这些因素共同作用，带动了农村电商板块销售的显著增长，为整个电商物流行业注入了新的活力。 物流企业运营效率持续提升 随着业务量的稳步回升，电商物流企业的运营效率得到明显改善。7月份电商物流实载率指数出现回升，这直接反映了物流资源配置的优化程度。实载率的 提高意味着物流车辆和仓储设施的利用效率得到提升，有效降低了单位物流成本。 人员指数的连续回升也体现了行业发展的积极态势。农村电商物流业务量的加速上升，促使物流企业积极扩大农村地区快递员的招聘规模。7月份电商物流 人员指数环比回升0.9点，涨幅较上月明显扩大。这种人员配置的调整不仅 ...

Group 1: E-commerce and Logistics - The China E-commerce Logistics Index reached a new high of 112.0 points in July, increasing by 0.2 points from the previous month, driven by strong rural e-commerce consumption [3] - The rural e-commerce logistics business volume index was 131.5 points in July, up by 1.1 points from the previous month, indicating robust growth in rural e-commerce [3] - The "summer economy" significantly boosted online sales in July, with notable increases in sales of sunscreen products, clothing, and beverages [3] Group 2: Automotive Industry - From January to July, China's automobile production and sales reached 18.235 million and 18.269 million units, respectively, with year-on-year growth of 12.7% and 12% [5] - New energy vehicles (NEVs) accounted for 8.232 million units produced and 8.22 million units sold, reflecting year-on-year growth of 39.2% and 38.5%, making up 45% of total new car sales [5] - NEV exports reached 1.308 million units from January to July, marking a year-on-year increase of 84.6%, driving overall automotive export growth [7] Group 3: New Business Entities - In the first half of the year, 13.278 million new business entities were established in China, with "new economy" enterprises accounting for 25.361 million, or 40.2% of the total [9] - The cultural, sports, and entertainment sectors saw a significant increase, with a growth rate of 17.5%, leading all sectors in the national economy [9] Group 4: Consumer Loan Policy - Starting September 1, 2025, a new personal consumption loan subsidy policy will be implemented to stimulate domestic demand [11] - The policy allows for interest subsidies on personal consumption loans used for various categories, including household vehicles, education, and healthcare, with a maximum subsidy of 3,000 yuan per borrower [13][15] - The annual subsidy rate is set at 1%, with the central and provincial governments sharing the subsidy costs [15][17]

8月12日，中国物流与采购联合会和京东集团联合发布数据显示，2025年7月份，中国电商物流指数为 112.0点，比6月份回升0.2点，再次刷新年内新高。 (责任编辑：王晨曦) 电商物流领域库存周转率指数止跌回升，物流时效、履约率与满意度等指数环比回落。7月份，随着电 商促销活动陆续结束，企业备货减少，库存周转率指数环比回升。但受多地暴雨等汛期极端天气影响， 物流时效指数环比回落0.5点，受此影响，履约率和满意度指数分别回落0.4点和0.3点。 中国物流信息中心分析师表示，与往年明显不同，今年7月份电商物流市场并未因年中电商大促等活动 结束而暂时沉寂。在国家各项消费补贴的刺激下，7月份电商物流需求不降反升，广大农村地区电商消 费火热，成为带动电商物流指数上升的重要因素。 上述分析师认为，7月份促消费政策持续，1380亿元"国补"资金陆续下达。据国家发展改革委宣布， 7350亿元中央预算内投资已基本下达完毕，较2024年增加350亿元，创历史新高，并形成"投资—就业— 消费"的良性循环。在政策的促进下，居民消费热情和信心不断增强，"夏日经济"成为7月份线上销售的 主要驱动力，受高温天气影响，医用保健、防晒用品、反 ...