Overseas Expansion Frontline | 26 countries including China have signed the United Nations Convention on Transferable Documents of Title for Goods; m

Overseas Development Milestones

26 Countries Including China Sign United Nations Convention on Transferable Documents of Title in Goods

The signing ceremony of the United Nations Convention on Transferable Documents of Title in Goods (hereinafter referred to as the Convention) was held on the 26th in Accra, the capital of Ghana, with 26 countries including China and Ghana becoming the first batch of signatories to the Convention. The Convention will then be opened for signature by all countries at the United Nations Headquarters in New York. Jiang Chenghua, Vice Minister of the Ministry of Commerce, attended the signing ceremony and signed the Convention on behalf of the Chinese government. Jiang Chenghua stated at the signing ceremony that this institutional innovation fills the gap in international rules, provides international legal guarantee for financing transactions of cross-border transport documents, will effectively ease the capital pressure of enterprises participating in international trade, reduce the transaction cost of cross-border land trade, and inject new impetus into the high-quality development of global trade. (Xinhua News Agency)

Four Departments: Launch Import Pilot of Key Faulted Components for Automotive R&D and Testing in Hainan Free Trade Port

Four departments including the Ministry of Commerce issued a notice on further improving the trade liberalization and facilitation level of Hainan Free Trade Port. It proposes that aviation kerosene that enters the independent bonded storage facilities within the bonded supervision places of Hainan Free Trade Port from overseas and is used for re-export shall be inspected in accordance with international standards. It supports the integration of bonded warehouses and export supervision warehouses storing gasoline, kerosene, diesel, fuel oil and naphtha in Yangpu Economic Development Zone, and innovatively implements the supervision mode of "two types of storage capacity, total volume verification, classified adjustment and dynamic use". The import pilot of key faulted components for automotive R&D and testing is carried out in Hainan Free Trade Port. (Department of Free Trade Zones and Ports, Ministry of Commerce)

The 8th World Zheshang Entrepreneurs Conference is About to Open

The 8th World Zheshang Entrepreneurs Conference will open on the morning of November 6 at the Great Hall of the People of Zhejiang Province, with the theme of "Co-creation of Innovation in Zhejiang, Rising Tide Toward the Future". There will be 1800 participating guests, 20% higher than the previous session, of which more than 1600 are Zheshang representatives, accounting for about 88%. The opening ceremony will focus on displaying a number of hard-core innovation results led or participated by private enterprises, and set up the "Innovators' Talk" section; the World Zheshang Forum focuses on "in-depth integration of scientific and technological innovation and industrial innovation" and "AI empowers thousands of industries"; there are 18 special activities in 5 categories in total, including innovation and development, opening-up and cooperation, Zheshang return, cultural inheritance and empowerment development, in the forms of negotiation meetings, promotion meetings, industry and technology docking exchanges, to promote innovation integration and industry-university-research integration. The conference will also link with the Wuzhen Summit of the World Internet Conference for the first time, organizing more than 300 Zheshang entrepreneurs to visit Wuzhen. (Zhejiang Commerce)

New Market Observation

The Trade Volume of China-CEEC Economic and Trade Cooperation Demonstration Zone Reaches 478.5 Billion Yuan in the First Three Quarters of This Year

According to customs statistics, in the first three quarters of this year, the total import and export volume between China-CEEC Economic and Trade Cooperation Demonstration Zone and Central and Eastern European countries reached 478.5 billion yuan, a year-on-year increase of 5.3%. The import and export volume in September alone was 56.3 billion yuan, a year-on-year increase of 28.1%. The import value of bulk commodities such as metal ores and ore sand doubled year-on-year, and the import supply of resource-based and characteristic products continued to expand; the export performance of products such as the "three new major items" was outstanding, and new driving forces were released at an accelerated pace. The two-way import and export growth trend is positive, and the trade structure continues to be optimized. (CCTV News)

Many EU Countries Commit to Accelerating the Release of 42.6 Million Barrels of Oil Reserves to Stabilize the Market

Dan Jørgensen, European Commissioner for Energy, said on October 29 that EU member states have committed to accelerating the release of a total of 42.6 million barrels of strategic petroleum reserves in the coming months to stabilize the fuel market. It is reported that 12 European countries including France, Germany and Italy stated in a statement that they will release a total of 42.6 million barrels of strategic petroleum reserves by the end of January 2027, including 20.5 million barrels of diesel. Other participating countries are Belgium, Denmark, Greece, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal and Sweden. Jørgensen said that the EU will face a difficult winter. Although there are no current expected problems with energy supply security, the situation remains severe for people who struggle to pay their energy bills. (CCTV News)

The 9 Mainland Cities in the Guangdong-Hong Kong-Macao Greater Bay Area Have Maintained Growth in Imports and Exports to APEC Economies for 20 Consecutive Months

According to customs statistics, in the first three quarters of this year, the total import and export volume of the 9 mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area to APEC economies reached 5.58 trillion yuan, a year-on-year increase of 26.7%, hitting a record high for the same period and maintaining a year-on-year growth for 20 consecutive months. Among them, high-end manufacturing and green products such as electromechanical products and integrated circuits are the main forces driving the growth of regional foreign trade. (CCTV News)

Corporate Updates

Taobao Accesses PromptPay Payment in Thailand to Expand Cross-border Direct Mail Services

According to reports, Taobao has launched a series of localized services in the Thai market, including introducing the local payment system PromptPay at the checkout stage, supporting Thai baht payment, and providing cross-border direct delivery services for large furniture and home appliances. The head of Taobao Thailand said that Thailand is one of the fastest-growing multilingual markets on the platform. Since the beginning of this year, the scale of active users and total merchandise transaction value of Taobao in Thailand have both achieved double-digit growth. (Jiemian News)

CATL Accelerates Layout in Argentina's Grid Energy Storage Market, Targeting Mining Energy Storage Opportunities

Executives including Harry Liu, General Manager of CATL Latin America, stated at an event in Buenos Aires that the company is negotiating supply matters with a number of enterprises that won bids in Argentina's energy storage tender. CATL is the world's largest battery manufacturer. CATL has participated in four energy storage projects on the Argentine power grid. Two of them are in cooperation with Central Puerto, one with Edison, a new company supported by the Neuss family, and the fourth is unnamed. As grid operator Cammesa seeks to increase energy storage capacity, CATL is interested in future related opportunities. CATL also targets opportunities to provide energy storage systems for mines. (Sohu News)

TFC Plans to Invest 621 Million Thai Baht to Purchase Land in Thailand to Build a Production Base

On October 29, TFC announced that its Thai subsidiary has signed a land purchase agreement with local enterprise Amata City Rayong, planning to purchase land located in Rayong Province, Thailand at a cost of about 621 million Thai baht, with an area of about 100.19 rai, equivalent to about 160,000 square meters. The company plans to use this plot of land for the construction of a base for R&D, production and sales of optical interconnection products. (Sina Finance)

Industry Trends

Demand for High-end Industrial Machine Tools Explodes, Orders for Domestic Industrial Machine Tools Are Scheduled to Next Year

Industrial machine tools, in simple terms, are "machines that manufacture machines", which are the heart of modern industry and the foundation of high-end manufacturing. Since the beginning of this year, driven by emerging industries such as artificial intelligence and new energy, the demand for high-end industrial machine tools has continued to explode. In a production workshop of industrial machine tools in Suzhou, Jiangsu, a six-axis PCB drilling machine has been assembled and is undergoing the final test before delivery. The relevant person in charge of the enterprise told reporters that with the sharp increase in demand for high-end PCBs in the artificial intelligence field in the past two years, the enterprise is also increasing the production capacity of related production lines. "In the first half of this year, the output of the company's main PCB (printed circuit board) equipment increased significantly compared with the same period last year, among which the output of advanced series equipment has exceeded twice that of the whole year of last year. Orders have been scheduled to the second quarter of next year." Data shows that in the first half of 2026, the domestic machine tool tooling industry achieved operating revenue of 530.9 billion yuan, a year-on-year increase of 7.6%; total profit was 19.6 billion yuan, a year-on-year increase of 110.8%. (CCTV Finance)

Q3 Quarterly Report Perspective of Innovative Drugs Going Global: Overseas Licensing Revenue is Realized, and the Prosperity of the Industrial Chain Rises in Resonance

According to Wind data, as of 18:00 on October 26, 129 companies in the A-share pharmaceutical and biological sector have disclosed their Q3 quarterly reports, 15 companies have released their performance forecasts for the first three quarters, and more than 40% of the enterprises have achieved year-on-year performance growth. Sorting out the Q3 performance report shows that the overseas expansion of innovative drugs is moving from the early signing stage to the performance realization stage, and the overseas equity licenses previously implemented by many pharmaceutical companies have ushered in concentrated inflow of funds, becoming an important increment driving profit. The demand for innovative R&D at home and abroad continues to be strong, and transmits upward along the industrial chain, driving leading CDMO enterprises to have full orders and accelerated performance growth. While performance is realized, the overseas cooperation mode of domestic pharmaceutical companies continues to iterate and upgrade, and the global value release of innovative assets has entered a new stage. (China Securities Journal)

Huatai Securities: Optimistic about the Prospect of Domestic Leading Trendy Toy Enterprises Continuing to Expand the Global Market, the Overseas High Growth of Trendy Toy Categories is Expected

Huatai Securities' research report stated that the 2026 CTE China Toy & Trendy Toy Exhibition was held in Shanghai from October 21 to 23. The team visited the booths of many leading trendy toy companies, focusing on the progress of brand going global, category expansion and brand building. The core findings include: 1. The demand for various trendy toy categories in the European and American markets has the potential to accelerate growth, many brands are "getting ready", and the combination of globally well-known authorized IP + Chinese creativity and quality has broad potential; 2. The domestic market is digesting the high base, the price band shows K-shaped differentiation, experience + marketing + channel operation is refined, and the clearance of long-tail enterprises is beneficial to the integration of leading companies; 3. The categories further break through to high-end and adult-oriented, helping to build brand mind. We are optimistic about the prospect of domestic leading trendy toy enterprises continuing to expand the global market, and the overseas expansion progress of authorized IP toys in 2027-28 is worthy of key attention. (36Kr)

This article is from the WeChat official account "Zhejiang Enterprises Overseas Comprehensive Service Port".