新华财经北京1月20日电（记者余蕊）国家发展改革委国民经济综合司司长周陈20日在国新办新闻发布 会上表示，展望2026年，我国经济结构将持续向"优"、发展动能持续向"新"、整体发展态势持续 向"好"，新质生产力稳步发展。消费与投资、科技与产业、城乡与区域都将释放出巨大的发展潜能。例 如，2025年我国数字经济增加值有望达到49万亿元，占GDP的比重约35%，未来将创造出更大的市场空 间。 "中央经济工作会议已经部署建设北京（京津冀）、上海（长三角）、粤港澳大湾区三个国际科技创新 中心，近期设立的国家创业投资引导基金专门设立了3支区域基金，通过投资'子基金＋直投项目'实现 逐级放大，正在加快打造形成全球科技创新高地和新兴产业重要策源地。"周陈说。 "从点上看，我国新技术新产品新场景蔚然成势。"周陈说，新能源、新材料、航空航天、量子科技、生 物制造、具身智能等新的经济增长点正在蓄势待发，新型储能装机规模已经突破了1亿千瓦，占全球比 重超过40%。 （文章来源：新华财经） 他介绍，去年实施的"人工智能+"行动，正在为我国海量的场景优势赋能增效，人工智能加速从数字世 界走向物理世界，从说话变成做事，将带动我国高端制造 ...

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Bureau jointly issued a notice to optimize the implementation of personal consumption loan interest subsidy policies, aiming to boost consumption, expand domestic demand, and reduce the cost of personal consumption credit for residents [1][2]. Group 1: Policy Support and Innovation - The policy supports innovation in consumer finance by encouraging institutions to develop new credit products and enhance collaboration with offline and online platforms, thereby expanding the coverage of personal consumption loan interest subsidies [1]. - The policy aims to increase the coverage and activity of consumption in goods and services such as tourism, dining, events, health care, and childcare [1]. Group 2: Policy Duration and Scope - The implementation period for the personal consumption loan interest subsidy policy has been extended to the end of 2026, with eligible consumption occurring from September 1, 2025, to December 31, 2026 [1]. - The scope of support has been expanded to include credit card installment payments, with an annual interest subsidy rate of 1% [2]. Group 3: Subsidy Standards and Institutions - The policy removes the previous cap of 500 yuan on single transaction interest subsidies and the limit of 1,000 yuan on cumulative subsidies for individual borrowers at a single institution, while maintaining an annual cap of 3,000 yuan [2]. - The policy increases the number of institutions eligible to provide subsidies, including various types of banks and financial companies, with the central and provincial finances covering 90% and 10% of the subsidy funds, respectively [2]. Group 4: Fund Management and Supervision - The subsidy funds will be allocated using a "pre-allocation + settlement" method, with institutions required to submit their funding needs by January 31, 2026 [3]. - The Ministry of Finance and the Financial Regulatory Bureau will share information on the implementation of personal consumption loans and conduct joint inspections to ensure compliance [3][4]. Group 5: Reporting and Compliance - Institutions must establish reporting systems to submit monthly execution reports on the policy, including loan issuance and subsidy amounts, to the Ministry of Finance and provincial finance departments [5]. - The notice will take effect from January 1, 2026, and any conflicting provisions in previous documents will be superseded by this notice [5].

Group 1 - The National Development and Reform Commission emphasizes the importance of the National Venture Capital Fund as a benchmark to promote innovation and entrepreneurship, and plans to establish a national-level merger and acquisition fund [1][2] - There is a recognition of the current economic challenges in China, particularly the imbalance of strong supply and weak demand, necessitating a focus on expanding domestic demand [1] - A strategic plan for expanding domestic demand from 2026 to 2030 will be developed to align with the new trends in demand and the needs of the new technological revolution and industrial transformation [1] Group 2 - The focus will be on deepening the construction of a unified national market to enhance market vitality and shift from "price competition" to "value competition" [2] - Measures will be taken to regulate market entry, ensure fair competition, and manage capacity to address the temporary oversupply issues [2] - A quality brand strategy will be implemented to guide the resolution of "involution" competition and promote a healthy market order [2]

新华财经北京1月20日电财政部等四部门20日发布关于实施民间投资专项担保计划的通知，旨在深入贯 彻落实党中央、国务院关于有效激发民间投资活力的决策部署，有效发挥政府性融资担保增信分险作 用，引导金融机构加力支持扩大内需、科技创新、中小微企业等重点领域。 实施方案 （一）计划额度。专项担保计划额度5000亿元，分两年实施。 （二）精准聚焦支持对象。符合条件的中小微企业民间投资贷款可享受本专项担保计划支持，具体包括 用于支持购买设备及原材料、技术改造、中小企业数智化改造（含购买硬件设备和软件系统）、改扩建 厂房、店面装修、经营周转等生产经营活动，以及用于餐饮住宿、健康、养老、托育、家政、文化娱 乐、旅游、体育、绿色、数字、零售等消费领域场景拓展和升级改造的中长期贷款。其中，中小微企业 需满足的条件包括：未被列入经营异常名录或失信主体名单；提供的产品或服务不属于国家禁止、限制 或淘汰类；近三年未发生重大安全、质量、环境污染等事故以及偷漏税等违法违规行为。 （三）适当提高分险比例。在本计划内，银行承担贷款风险责任比例不低于20%。政府性融资担保体系 承担贷款风险责任比例不高于80%，融担基金适当提高对民营企业中长期贷 ...

新华财经北京1月20日电财政部等五部门20日发布关于实施中小微企业贷款贴息政策的通知，旨在深入 贯彻落实党中央、国务院关于促进民营经济发展壮大、激发民间投资活力的决策部署，支持中小微企业 增加投资和扩大再生产，充分挖掘经济潜能，增强经济发展韧性。有关事项通知如下： 一、政策内容 （一）适用对象。投向相关重点领域产业链及其上下游产业的全部中小微民营企业（包括但不限于由支 持小微企业融资协调工作机制推荐或由工业和信息化部共享的优质中小微民营企业）固定资产贷款，中 小微民营企业参与项目使用的新型政策性金融工具资金。 （二）投向领域。支持新能源汽车、工业母机、医药工业、医疗装备、基础软件和工业软件、民用大飞 机、服务器、移动通信设备、新型显示、仪器仪表、工业机器人、轨道交通装备、船舶与海洋工程装 备、农机装备等相关重点产业链及上下游产业，科技服务、物流服务、信息和软件服务、节能环保服 务、生产性租赁服务、商务服务等生产性服务业领域，农、林、牧、渔、农副产品加工业领域，以人工 智能等为代表的新兴领域。 （三）贴息标准。对2026年1月1日起经办银行发放的、符合条件的中小微民营企业固定资产贷款和中小 微民营企业参与项目使 ...

Core Viewpoint - The Ministry of Finance and other departments have announced a policy to optimize the implementation of loan interest subsidy for service industry operators, aiming to boost consumption and expand domestic demand by leveraging fiscal funds to guide financial institutions in supporting quality service supply and innovative consumption scenarios [1][2]. Group 1: Policy Implementation - The implementation period for the loan interest subsidy policy has been extended to December 31, 2026, with loans issued between March 16, 2025, and December 31, 2025, following the existing subsidy scheme [1]. - The maximum loan amount eligible for interest subsidy has been increased to 10 million yuan per borrower, with a subsidy period not exceeding one year and an annual interest subsidy rate of 1% [1]. Group 2: Supported Sectors - The policy now includes support for three additional consumption sectors: digital, green, and retail, alongside the existing eight sectors such as catering, health, and tourism [2]. - The digital sector corresponds to "Internet and related services" and "digital content services," while the green sector includes categories like "energy-efficient buildings" and "green transportation" [2]. Group 3: Banking Institutions - A total of 21 national banks and various city commercial banks, rural commercial banks, and foreign banks are included as eligible institutions for processing these loans [3]. Group 4: Operational Mechanisms - The provincial finance departments will optimize existing processes and establish a joint review mechanism with industry management departments and financial institutions to enhance efficiency and reduce redundancy [3]. - The subsidy funds will be allocated using a "pre-allocation + settlement" method, with specific deadlines for applications and settlements outlined for both banks and provincial finance departments [4]. Group 5: Supervision and Management - The Ministry of Finance will conduct joint inspections to ensure compliance, with strict penalties for banks and operators involved in fraudulent activities [6]. - Financial institutions are required to monitor the use of loan funds to prevent misuse for investment or speculative activities [6]. Group 6: Reporting and Flexibility - Banks must report on policy execution, including loan issuance and subsidy usage, within specified timeframes to ensure transparency [11]. - The policy encourages flexible borrowing and repayment models for service operators, while loans that are overdue or classified as non-performing will not receive subsidies [7].

Group 1 - The core viewpoint of the article is that a significant wave of residential time deposit maturities is expected in 2026, with estimates suggesting the amount could exceed 50 trillion yuan, leading to discussions on where this capital will flow [1][2][3] - Various research institutions have projected the scale of maturing deposits in 2026, with estimates ranging from 50 trillion yuan to as high as 75 trillion yuan, indicating a consensus on the impending large-scale maturity of time deposits [2][3] - The continuous decline in deposit interest rates contrasts sharply with the upcoming maturity peak, with some banks offering one-year deposit rates below 1%, leading to a structural shift towards shorter-term deposits [2][3] Group 2 - The decline in deposit attractiveness is prompting discussions on potential outflows from the banking system, with expectations that a significant portion of maturing deposits will be reallocated to wealth management products, insurance, and funds [3][4] - Insurance products, particularly participating insurance, are gaining popularity as they offer a combination of guaranteed and floating returns, with a current guaranteed return rate of approximately 1.75% [4] - There is also a trend of early mortgage repayments as a potential destination for funds, given the current interest rate environment where mortgage rates are higher than deposit rates [5]

新华财经上海1月20日电（李一帆）随着2026年新能源汽车购置税优惠政策的调整正式落地，中国车市 竞争方向发生转变。中国汽车流通协会乘用车市场信息联席分会（简称"乘联分会"）秘书长崔东树20日 表示，国补退坡叠加"以旧换新"等政策的引导，行业竞争将从"价格博弈"转向"价值竞争"。由于政策激 励方向从"普适性补贴"转为"鼓励技术升级与品质消费"，消费者为获取全额补贴将主动选择高端车型， 推动市场进入高端化周期。 编辑：谈瑞 崔东树表示，从价格来看，国内乘用车零售均价已从2019年的15.1万元稳步提升至2024年的18.4万元， 进入2025年，尽管年内均价有所波动，但2025年12月单月均价回升至18.4万元，显示出消费结构的韧 性。同时，2025年全年行业降价车型仅为177款，较2024年减少42款，预计2026年将进一步收缩，表明 单纯依赖降价的市场策略正在失效。超过三成消费者将下一辆车预算设定在30万元以上，印证了市场 对"含金量"而非"低价"的敏感度提升。 政策调整是驱动转型的核心因素。2026年新政对报废更新和置换更新补贴标准进行了重大修改：补贴方 式从固定金额变为按车价百分比计算。例如，新能源车报 ...

Core Viewpoint - The Inner Mongolia Energy Group's Engineering Construction Division has achieved a transformative development from scale expansion to a focus on quality and efficiency, demonstrating high-quality growth through practical actions and innovation [1] Market Development - The Engineering Construction Division adopts a strategy of "consolidating local markets and expanding external markets," aiming for a total contract amount exceeding 17 billion yuan by 2025 and a cumulative total of over 60 billion yuan during the 14th Five-Year Plan period [2] - Projected revenue for 2025 is over 12 billion yuan, with a cumulative total exceeding 50 billion yuan during the 14th Five-Year Plan [2] - The division has secured four large-scale thermal power projects with a total installed capacity of 8 million kilowatts and has a market share exceeding 60% in the regional thermal power engineering market [2] - In the renewable energy sector, the division has undertaken projects with an installed capacity exceeding 23 million kilowatts, achieving over 50% market share in the regional renewable energy engineering market [2] External Market Breakthroughs - The division has established regional market development centers in Xinjiang and Beijing, focusing on energy-rich areas in Northwest and Northeast China, successfully entering high-end markets such as the Southern Power Grid and State Grid [3] - During the 14th Five-Year Plan, the division has completed over 6,300 kilometers of transmission lines and 108 substation projects, demonstrating capabilities in ±800kV ultra-high voltage engineering [3] - The division is actively developing emerging businesses in energy storage, green hydrogen, and coal reserve bases, successfully winning multiple energy storage projects [3] Operational Management - The division has implemented a collaborative management model centered on projects, focusing on cost control and performance, resulting in continuous profit growth from 2022 to 2024, with a projected profit of 420 million yuan in 2025 [4] - Digital management upgrades have been achieved through the deep application of ERP systems, optimizing 75 processes and integrating safety and internal control systems [4] - A comprehensive cost control system has been established, leading to savings exceeding 2.4 billion yuan through transparent procurement practices [4] - The division has implemented an incentive assessment mechanism to promote management improvement and has adopted a rigorous approach to project cost pre-control and benchmarking [5] Future Development - The Engineering Construction Division aims to continue its development philosophy of "precise positioning, quality improvement, risk prevention, collaborative integration, and brand enhancement" to create a new high-quality development landscape for the entire industry chain [5]

Core Viewpoint - The wholesale prices of gasoline and diesel in China have decreased as of January 19, with average prices for 92 gasoline at 7351 yuan per ton and diesel at 6161 yuan per ton, reflecting a decline from January 16 [1] Market Overview - On January 16, international crude oil futures prices increased, leading to a positive change in the average price of a basket of crude oil, indicating a potential for domestic refined oil retail price adjustments [1] - The market sentiment remains cautious, with a subdued atmosphere for purchasing and selling [1] Regional Price Changes - Gasoline wholesale prices increased in regions such as Jilin, Sichuan, Anhui, Jiangsu, and Henan, while prices decreased in Liaoning, Gansu, Qinghai, Inner Mongolia, Chongqing, Shandong, Zhejiang, Jiangxi, Shanxi, Hubei [1] - Diesel wholesale prices saw an increase in Henan, but declines were noted in Qinghai, Hubei, Hebei, Zhejiang, Shanxi, Tianjin, Jiangsu, Jiangxi, Jilin, and Shandong [1] - In Shandong, local refinery prices for gasoline decreased, while diesel prices experienced a significant drop [1] Data Source - The wholesale price data is published by the Energy Big Data Laboratory of the China Economic Information Agency and the China Petroleum Economic and Technical Research Institute, based on data collection from major operating units and social operating units across the country [1]