市场拓展多元并进，"十四五"时期，广东在深耕美欧日港英等传统市场的同时，新兴市场正加快开拓。 东盟位居广东最大贸易伙伴地位，2024年进出口规模达1.45万亿元，增长33.5%，占比提升0.6个百分点 至15.9%；同期，广东对传统市场进出口3.84万亿元，增长20.7%，对拉美、中东、印度、俄罗斯、中亚 五国等新兴市场分别增长76.8%、55.1%、70.8%、103.6%、208.9%。此外，广东对共建"一带一路"国家 进出口3.48万亿元，增长36.4%，占我省进出口比重逐年提升至38.3%。 贸易结构持续优化，"十四五"时期，广东一般贸易产业对外贸经济促进作用更加明显。2024年，广东一 般贸易进出口5.3万亿元，增长46.1%，拉动广东进出口增长上升6.3个百分点，占广东外贸总值的比重 较"十三五"末年上升7.1个百分点。民营企业活力持续释放，"十四五"时期，广东有进出口实绩的民营 企业数量从7.7万家增长至12.3万家，增长60.7%，进出口值较"十三五"末期增长48.2%，进出口规模稳 步增长。 南方财经见习记者郭莎广州报道 11月28日，南方财经记者从海关总署广东分署获悉，"十四五"期间，广东 ...

中新社广州11月28日电 (许青青 陈琳)海关总署广东分署28日介绍，"十四五"时期(2021-2025年)，广东 外贸连续迈过8万亿元(人民币，下同)、9万亿元关口，连创外贸历史新高。2024年进出口总值较"十三 五"末年增加2.01万亿元，对全国外贸增长的贡献率从2021年的17.8%提升至2024年的38.4%，居中国首 位。 来源：中国新闻网 编辑：王永乐 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 "十四五"以来广东外贸稳中有进 规模稳居中国首位 "十四五"时期，东盟位居广东最大贸易伙伴地位，2024年进出口规模达1.45万亿元，同比增长33.5%， 占比提升至15.9%；同期，广东对传统市场进出口3.84万亿元，同比增长20.7%，对拉美、中东、印度、 俄罗斯、中亚五国等新兴市场分别同比增长76.8%、55.1%、70.8%、103.6%、208.9%。对共建"一带一 路"国家进出口3.48万亿元，同比增长36.4%。 "十四五"时期，一般贸易产业对广东外贸经济促进作用更加明显。2024年，广东一般贸易进出口5.3万 亿元，同比增长46.1%，拉动广东进出口上升6.3个百 ...

（来源：四大新鲜事儿） 来源：四大新鲜事儿 浙江政府采购网于2025年11月24日发布了《浙能迈领香港联合交易所IPO财务审计服务机构选聘中标结 果公告》。公告显示，中标人为安永华明会计师事务所(特殊普通合伙)，中标金额3,800,000.0元。 1.1针对浙能迈领港股上市目的，对申报期财务报表开展全面财务尽职调查，并出具尽职调查问题汇 总。 1.2根据尽职调查问题汇总提出的问题清单，提供整改方案建议并与浙能迈领探讨相关方案的可行性。 2、上市申报审计 2.1负责浙能迈领申报期财务报表审计，并根据申报进度，按要求提供加期审计服务，按照符合香港联 交所及招股说明书披露要求出具审计报告。所有审计工作及报告需严格遵循集团内部管理规定、国资委 监管要求。 详细如下： | 4 浙江政府购买服务信息平台 | | Q 精输入关键字报采 | | 搜标题 | 搜全文 | | | --- | --- | --- | --- | --- | --- | --- | | 首页 | 资讯动态 | 采购公告 | 办事指南 | | 政策法规 | 网站工 | | 〔〔〕采购公告》 非政府采购公告 > 非政府采购公告 > 其他年政府采购公告 ...

Investment Chain - Prices of tin, silver, and gold have risen since November 2025. [1] - Fixed asset investment growth rate has decreased to -1.70% as of October 2025, with real estate development investment down by -14.70%. [1] - Manufacturing fixed asset investment growth rate is at 2.7%, while infrastructure investment growth rate is at 1.51%. [1] - Prices of copper, aluminum, lead, zinc, and nickel have decreased, while power coal prices slightly increased to 698 RMB/ton. [1] Consumption Chain - Consumer confidence index rose to 89.60 in September 2025. [2] - Nominal growth rate for October 2025 fell to 2.90%, with cumulative nominal growth rate down by 4.30%. [2] - Sales area of commercial housing saw a cumulative year-on-year decline of -7.63% in October 2025. [2] - Automobile sales growth rate decreased to 8.82% in October 2025, and home appliance retail sales fell by -10.25%. [2] Export Chain - Export growth rate to the US increased in October 2025, while exports to the EU, Japan, and ASEAN saw a decline. [3] - Cumulative export growth rates for products like agricultural goods, toys, furniture, and steel have decreased. [3] - The overall export growth rate fell to 20.21% in October 2025, with textile exports down by -9.10%. [3] Price Chain - Pork prices increased to 12.24 RMB/kg as of November 19, 2025, while oil prices decreased to 57.95 USD/barrel. [4] - Prices for cotton and white sugar have declined, while MDI prices showed mixed trends. [4] - New credit increased to 220 billion RMB in October 2025, with life insurance premium income growth rate down to 12.68%. [4]

证券研究报告 | 固定收益点评 gszqdatemark 2025 11 26 年 月 日 固定收益点评 原因二：企业出海带动出口增长。今年 1-10 月，资本品出口维持高位， 船舶、通用机械设备拉动出口增长 0.4、0.1 个百分点，反映企业出海带动 出口增长。上市公司境外收入同比与出口同比、中国对外直接投资流量与 出口总额同比也具有一定正相关性。更直接的数据是商务部《对外投资统 计公报》中披露的对外投资带动出口数据。2015-2024 年，对外投资带动 的出口年均复合增速明显高于整体出口的年均复合增速（7.6% VS 5.2%），其占整体出口平均比例达 5.7%、平均拉动整体出口 0.7 个百分 点。分国别对外投资也与分国中间品及资本品别出口具有一定的正相关 性，对各国不同行业投资也对应了对各国出口不同的产品类型增速的差 异。 原因三：外部部分经济体需求保持韧性。受益于欧盟经济温和复苏，欧盟 进口增速回升。今年以来越南 GDP 同比增速持续回升，前三季度 GDP 累 计增速高达 7.85%，越南国家财政预算中的投资金额也不断走高，消费也 保持在 9.27%的高增速水平，带动今年 1-10 月中国对越南出口 ...

Core Insights - The construction of Hainan Free Trade Port has led to significant increases in foreign trade, with an average annual growth rate of 25.1% since 2020, indicating a continuous improvement in trade openness and convenience [1] Group 1: Policy Implementation and Economic Impact - Hainan's customs have implemented several policies to support high-level openness and quality development, including zero tariffs on three lists of imports, which have totaled 27.2 billion yuan in value and resulted in tax reductions of 5.15 billion yuan [1] - The processing and value-added tax exemption policy has been expanded to the entire island, benefiting 129 enterprises with a total domestic sales value of 11.1 billion yuan and tax reductions of 860 million yuan [1] - The "temporary export repair" and "temporary import repair" policies have shown positive results, with over 100 aircraft repaired under customs supervision and a total value of 2.7 billion yuan benefiting from the temporary export repair policy [2] Group 2: Innovation in Customs Regulation - Customs have introduced innovative regulatory measures for Hainan's key industries, such as seed industry revitalization and duty-free shopping, with seven innovative measures filed with the General Administration of Customs and 18 results selected as integrated innovation cases [2] - The duty-free shopping sector has seen over 210 billion yuan in monitored sales since 2020, with recent policy upgrades enhancing the variety of goods and allowing more purchases for departing travelers, resulting in monitored sales of 1.57 billion yuan in just 20 days [3] Group 3: Trade Facilitation and Logistics Efficiency - The customs have implemented over a hundred measures to optimize the business environment and promote cross-border trade facilitation, significantly benefiting key parks and industries [3] - The introduction of the "three same, three trace" regulatory model in the Yangpu Free Trade Port Area has reduced customs clearance times for food and raw materials by 70% [4] - The overall customs clearance time for imports and exports has been reduced by nearly 70%, with the customs laboratory recognized by the World Customs Organization, enhancing its capabilities [4][5]

第一是海洋工程能力。海上经济行为陆地经济行为的最大区别在于物理空间的可依赖性。海上桥梁、海 底隧道、海上平台、钻井设施等工程建设，是一切海上经济行为的物理空间前提。没有工程能力，海洋 空间无法成为可持续利用的生产空间。 HBR中国专家撰稿人，大成律师事务所律师合伙人，周华 过去十余年，大量产业投融资和企业顾问工作都围绕着"行业是否具备未来增长空间"展开。产业链能否 扩张、政策是否支持、资本是否愿意投入，以及资本市场对海洋新质生产力的认可，这些都是判断一个 行业潜力的重要参考。在梳理长期政策与产业演变的过程中，海洋经济的价值凸显出来。 海洋经济增长的三大方向 要真正推动海洋经济发展，基础建设能力必须先行，其核心可概括为三个方面，这三方面也是未来一段 时间海洋经济增长的重点： 第二是海洋装备体系。包括船舶、海工装备、海底机器人、海上风电设备、深海采矿装备、无人艇等。 这些装备决定了在海洋空间中可以作业的范围、深度和效率，也是产业能否落地和产业链能否延展的关 键。 第三是海洋新基建。海底电缆、海洋监测网络、智能传感系统、海洋数据采集与传输能力，以及基于海 量数据训练的专业大模型，正在使海洋从"难以观测、难以计算"逐 ...

数据来源：中国海关，智研咨询整理 近一年中国船舶出口情况统计图 数据来源：中国海关，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：中国船舶（600150） 相关报告：智研咨询发布的《2026-2032年中国船舶工业行业投资潜力研究及发展趋势预测报》 根据中国海关数据显示：2025年10月中国船舶进口数量为384艘，同比增长233.9%，进口金额为0.06亿 美元，同比增长125.7%，2025年10月中国船舶出口数量为443艘，同比下降4.5%，出口金额为53.69亿美 元，同比增长60.9%。 近一年中国船舶进口情况统计图 ...

Group 1 - The establishment of ICBC Leasing (Hainan) Co., Ltd. marks a significant step in the strategic cooperation between ICBC Group and the Hainan provincial government, reflecting the commitment to support the construction of Hainan Free Trade Port [1][2] - The construction of Hainan Free Trade Port is a major strategic decision by the central government aimed at creating a higher-level open economic system, with ICBC signing a strategic cooperation agreement to further support this initiative [1][2] - ICBC Leasing is actively responding to national calls and has made significant progress in establishing a management project company in Hainan, which will provide efficient and flexible leasing solutions for domestic and international clients [1][2] Group 2 - Since 2024, Hainan's financial sector has focused on facilitating cross-border capital flows through innovative policies and mechanisms, enhancing financial support for the Free Trade Port's development [2] - The establishment of ICBC Leasing (Hainan) Co., Ltd. is a strategic action aligned with the national high-level opening-up agenda and aims to deepen financial layout in the Free Trade Port [2] - ICBC Leasing plans to leverage the core policy advantages of the Free Trade Port to expand its aircraft, ship, and equipment leasing business, contributing to the construction of a high-level open gateway for the country [2]

Economic Overview - The province's economy showed overall stability in the first ten months of the year, with industrial growth, declining fixed asset investment, expanding market sales, and rapid export growth [1] Industrial Performance - The added value of industrial enterprises above a designated size increased by 1.5% year-on-year, with high-tech manufacturing growing by 3.9% [1] - By sector, mining increased by 7.8%, manufacturing by 0.7%, and electricity, heat, gas, and water production and supply by 0.1% [2] - State-owned enterprises saw a 2.2% increase in added value, while foreign and Hong Kong, Macao, and Taiwan-invested enterprises experienced a decline of 5.9% [2] - Among 40 industrial categories, 23 reported year-on-year growth, resulting in a growth rate of 57.5% [2] - Notable growth sectors included chemical fiber manufacturing (growth of 7.7 times), transportation equipment manufacturing (growth of 47.1%), and gas production and supply (growth of 21.6%) [2] Investment Trends - Fixed asset investment decreased overall, but manufacturing investment rose by 6.2%, with high-tech manufacturing investment increasing by 10.8% [2] - Investment in the primary industry grew by 5.1% year-on-year [2] Market Sales - The total retail sales of consumer goods reached 877.98 billion yuan, reflecting a year-on-year growth of 3.5% [3] - Sales of essential goods remained stable, with food and oil retail sales increasing by 13.4% and daily necessities by 11.8% [3] - Upgraded consumer goods saw significant sales growth, including wearable smart devices (growth of 15.5 times) and energy-efficient home appliances (growth of 1.3 times) [3] Trade Performance - The province's total import and export value reached 338.37 billion yuan, marking a 9.6% increase [3] - Agricultural product exports totaled 27.67 billion yuan, with a year-on-year growth of 9.9% [3] - Machinery and electrical products exports were 170.59 billion yuan, growing by 8.5%, with notable increases in ship and automotive parts exports [3] Price Trends - Consumer prices remained stable overall, while industrial producer prices experienced a decline [4]