从单季度表现来看，第三季度恒力石化实现营业收入534.96亿元，归母净利润19.72亿元，同比增长 81.47%。 （编辑：董曙光 审核：吴可仲 校对：颜京宁） 中经记者 陈家运 北京报道 恒力石化方面表示，业绩变动原因主要为去年同期原油价格下行导致毛利率压缩，而今年整体价格走势 平稳，带动毛利率较去年同期稳步改善。 10月27日，恒力石化（600346.SH）公告披露，其在2025年前三季度实现营业收入1573.84亿元，归母净 利润50.23亿元。 ...

潘功胜还表示，研究实施支持个人修复信用的政策措施。 据潘功胜介绍，人民银行运营的征信系统是一项重要的金融基础设施，对企业和个人的金融违约行为进 行记录，并供金融机构在开展业务时进行查询和风险评估，20多年来，对我国社会信用体系建设、防范 金融风险发挥了重要作用。根据《征信业管理条例》，在征信系统中，违约记录的存续期为5年。过去 几年，受新冠疫情等不可抗力影响，一些个人发生了债务逾期，虽然事后全额偿还，但相关信用记录仍 持续影响其经济生活。 10月27日，中国人民银行行长潘功胜在2025金融街论坛年会上表示，今年年初，考虑到债券市场供求不 平衡压力较大、市场风险有所累积，中国人民银行暂停了国债买卖。目前，债市整体运行良好，中国人 民银行将恢复公开市场国债买卖操作。 潘功胜还指出，去年，人民银行落实中央金融工作会议部署，在二级市场开始国债买卖操作。这是丰富 货币政策工具箱、增强国债金融功能、发挥国债收益率曲线定价基准作用、增进货币政策与财政政策相 互协同的重要举措，也有利于我国债券市场改革发展和金融机构提升做市定价能力。实践中，人民银行 根据基础货币投放需要，兼顾债券市场供求和收益率曲线形态变化等情况，灵活开展国 ...

Core Viewpoint - The black metal smelting and rolling industry in China has shown signs of recovery in profitability despite a decline in revenue, with a total profit of 97.34 billion yuan in the first nine months of 2025, marking a turnaround from losses in the previous year [1][2]. Group 1: Revenue and Profit Trends - In the first nine months of 2025, the industry achieved operating revenue of 575.99 billion yuan, a year-on-year decrease of 3.8% [1]. - The cumulative profit for the same period reached 97.34 billion yuan, indicating a successful transition from losses to profits [1]. - The operating costs for the industry were 544.57 billion yuan, reflecting a year-on-year decline of 6.1%, which was significantly higher than the revenue decline, thus creating conditions for profit recovery [1]. Group 2: Quarterly Profit Recovery - The profitability recovery has accelerated throughout the year, with profits of 7.51 billion yuan in Q1, 38.77 billion yuan in Q2 (an increase of 17.72 billion yuan year-on-year), and 51.06 billion yuan in Q3, also showing a turnaround from losses [2]. - Monthly profit data shows a consistent increase since March, with profits reaching 90.6 billion yuan in March, peaking at 193.4 billion yuan in August, before a decline to 136.4 billion yuan in September [2]. Group 3: Market Conditions and Demand - The steel market has transitioned from peak season to traditional off-season, with actual demand not meeting market expectations despite increased funding for major projects [3]. - The construction steel demand recovery is slow due to the ongoing impact of the real estate sector, while stable demand from the manufacturing sector provides some support to the market [3].

（文章来源：中国经营报） 10月27日，中国证监会主席吴清在2025金融街论坛上表示，将启动实施深化创业板改革，设置更加契合 新兴领域和未来产业创新创业企业特征的上市标准，为新产业、新业态、新技术企业提供更加精准、包 容的金融服务。 ...

Core Points - The China Securities Regulatory Commission (CSRC) Chairman Wu Qing announced the official launch of the "Qualified Foreign Institutional Investor (QFII) System Optimization Work Plan" at the 2025 Financial Street Forum on October 27 [1] - The plan aims to provide a more transparent, convenient, and efficient institutional environment for various foreign investors by optimizing access management, improving investment operation efficiency, and expanding investment scope [1] - Two key measures that were implemented immediately include the efficient handling of qualification approval and account opening as a single process, and the establishment of a green channel for the access of allocation-type foreign capital [1]

Group 1 - The bond issuance by CITIC Bank under its $5 billion medium-term note program received strong demand from global investors, with peak orders exceeding $2.4 billion, making it 8 times the issuance size [1] - The final pricing of the bond was set at SOFR + 50 basis points, achieving the best price for a Chinese bank's overseas bond issuance in 2025 [1] Group 2 - On October 27, CITIC Bank's London branch successfully listed a $300 million floating rate bond on both the London Stock Exchange and the Hong Kong Stock Exchange, marking a significant milestone in its internationalization process [2]

Core Insights - The National Financial Regulatory Administration emphasizes the significant achievements in China's economic and social development during the "14th Five-Year Plan" period, highlighting the solid steps taken towards high-quality financial development and the important progress made in preventing and mitigating financial risks [1] Group 1 - The financial regulatory authority aims to enhance economic and financial adaptability to better promote sustainable and healthy economic and social development [1] - A new financial service model will be established, focusing on the synergy between direct and indirect financing, balancing investments in physical assets and human capital, aligning financing terms with industrial development, and linking domestic and international markets [1] - Support will be strengthened for major strategies, key areas, and weak links to facilitate qualitative improvements and reasonable quantitative growth in the economy [1] Group 2 - Financial services will efficiently support the construction of a modern industrial system and the development of new productive forces, with a focus on intelligent, green, and integrated directions [2] - Financial resources will be provided to optimize and enhance traditional industries while nurturing and expanding emerging and future industries [2] - Policies will be improved to support long-term capital investment in hard technology, reinforcing comprehensive financial guarantees throughout the investment cycle [2] - The strategy of expanding domestic demand will be emphasized, with a focus on strengthening funding for major projects to boost consumption [2] - Trade financing and export credit insurance services will be optimized to accelerate the integration of domestic and international trade, enhancing the domestic and international dual circulation [2]

此前，据山西省纪委监委通报称，经山西省委批准，山西省纪委监委对王保玉严重违纪违法问题进行了 立案审查调查。 （文章来源：中国经营报） 10月27日，最高人民检察院官网消息显示，晋煤集团原党委常委、副总经理兼山西蓝焰控股股份有限公 司原党委书记、董事长王保玉涉嫌受贿一案，由山西省监察委员会调查终结，移送检察机关审查起诉。 经山西省人民检察院指定管辖，由阳泉市人民检察院审查起诉。日前，阳泉市人民检察院依法以涉嫌受 贿罪对王保玉作出逮捕决定。该案正在进一步办理中。 经查，王保玉存在收受礼品、礼金，接受可能影响公正执行公务的宴请，不按规定报告个人有关事项、 在职务调整中为他人谋取利益并收受财物，纵容、默许配偶使用他人资金炒股，退休后未经组织批准违 规兼职，利用职务便利为他人在工程承揽等方面谋利，并非法收受巨额财物等问题。 ...

Core Viewpoint - The interview with Lu Zhengwei, Chief Economist of Industrial Bank, highlights the resilience and vast development potential of the Chinese economy, emphasizing the importance of seizing opportunities from the new technological revolution and accelerating reform and opening up to maintain a long-term positive trend in economic growth [1][3]. Economic Opportunities - China possesses a complete industrial system and a large pool of high-quality labor and entrepreneurial talent, which positions it well for a strategic opportunity period in economic advancement [2]. - The country has a super-large market demand advantage, providing ample application scenarios for new technologies and products, facilitating practical learning and development [2]. - As of 2023, the revenue from TMT (Technology, Media, and Telecommunications) sectors has surpassed that of real estate, indicating a successful structural transformation in the economy [2]. Economic Challenges - The global landscape is experiencing unprecedented changes, with increased external uncertainties, rising protectionism, and trade barriers impacting global trade growth [3]. - Domestically, China is undergoing a critical phase of economic structural transformation, with some key industries facing structural contradictions and supply-demand imbalances [3]. Role of Banking Sector - The banking sector is crucial in supporting high-quality economic development by providing financial services to the real economy, promoting consumption, and stabilizing employment [3][4]. - Banks are encouraged to enhance financing support for manufacturing enterprises and adapt to the new characteristics of economic structural changes [4][5]. Consumer Market Insights - The government has introduced measures to promote consumption, focusing on increasing residents' income and stabilizing the real estate market to boost consumer spending [6][8]. - Service consumption, particularly in areas like healthcare, elderly care, and childcare, shows significant potential for growth due to existing supply-demand gaps [7][8]. Policy Recommendations - Expanding consumption subsidies to service sectors can guide residents towards upgrading their consumption structure and creating more jobs [8][9]. - Increasing government spending on public services and stabilizing asset prices can enhance consumer confidence and spending capacity [9][10].

Core Viewpoint - Spring Airlines has attracted attention with its recent recruitment of cabin crew (referred to as "空嫂"), which features relaxed entry requirements and aims to enhance service quality by targeting a broader demographic of candidates [2][3]. Recruitment Details - The recruitment for cabin crew positions does not limit applicants by major, focusing instead on cabin service and safety responsibilities, with job locations in Lanzhou and Shanghai [2]. - The basic requirements specify female candidates aged 25 to 40, with a preference for those who are married and have children [2]. - Physical requirements include a height range of 162 to 174 cm, adhering to the standards set by the Civil Aviation Administration of China [2]. Employment Conditions - Spring Airlines emphasizes a friendly entry condition for the "空嫂" position, with no prior work experience or specific major required, and an age limit extended to 40 years [2]. - Successful candidates will sign a formal labor contract, benefit from a comprehensive salary and welfare system, and receive one-on-one training from experienced instructors, with a 15% reduction in initial training costs [2]. Industry Context - Traditionally, many airlines have set age limits for cabin crew positions between 18 and 25 years, with some extending to 28-32 years [3]. - The recruitment head of Spring Airlines noted that the "空嫂" group possesses strong affinity and adaptability, which is advantageous in serving children and handling emergencies [3]. Financial Performance - According to Spring Airlines' 2025 semi-annual report, the company achieved a net profit of 1.169 billion yuan in the first half of the year, despite a year-on-year decline of 14.11%, maintaining its position as one of the most profitable airlines in China [3].