2025年1至12月，中国外汇市场累计成交304.57万亿元人民币（等值42.64万亿美元）。 责任编辑：袁浩 本报讯 记者马玲报道 国家外汇管理局日前发布的2025年12月中国外汇市场交易概况数据显示， 2025年12月，中国外汇市场（不含外币对市场，下同）总计成交28.17万亿元人民币（等值3.99万亿美 元）。其中，银行对客户市场成交4.78万亿元人民币（等值0.68万亿美元），银行间市场成交23.39万亿 元人民币（等值3.31万亿美元）；即期市场累计成交10.44万亿元人民币（等值1.48万亿美元），衍生品 市场累计成交17.73万亿元人民币（等值2.51万亿美元）。 ...

Core Viewpoint - The People's Bank of China emphasizes the importance of supporting financial workers and enhancing their well-being through direct engagement and assistance initiatives [1] Group 1: Financial Institutions Engagement - A慰问组 led by Tao Ling visited various financial institutions in Beijing to express care and greetings to workers, including those facing difficulties and labor models [1] - The group visited specific locations such as Galaxy Securities, PICC, and Construction Bank to understand the operational conditions and services provided to the public [1] Group 2: Worker Support and Welfare - Tao Ling highlighted the need for financial unions to focus on the actual needs of workers and to develop long-term support mechanisms to improve their sense of gain, happiness, and security [1] - The initiative aims to promote the spirit of labor models and craftsmanship, encouraging workers to contribute to the high-quality development of the financial sector [1]

2025年，我国消费市场向新而行，保持稳健增长。2025年社会消费品零售总额突破50万亿元，同比 增长3.7%，比2024年加快0.2个百分点，规模居全球零售市场前列。2025年服务零售额同比增长5.5%， 快于商品零售额1.7个百分点，体现了较强的活力和潜力。 这些成绩不仅彰显了我国消费市场的强大韧性，也为2026年我国消费市场持续向好奠定了坚实基 础。对于今年的扩内需工作，中央经济工作会议将"坚持内需主导，建设强大国内市场"列为今年经济工 作重点任务首位。商务部等部门发布文件，指导地方相关部门和金融机构加强协同，精准施策，推动惠 民生和促消费紧密结合；多部门明确继续实施消费品以旧换新政策；国家发展改革委宣布，研究制定出 台2026年至2030年扩大内需战略实施方案；有关方面正在研究制定稳岗扩容提质行动和城乡居民增收计 划……近期，一揽子提振和扩大消费的政策陆续发布，为今年扩大内需工作锚定了方向。 提升以旧换新政策效能 2025年12月底，国家发展改革委、财政部联合发布《关于2026年实施大规模设备更新和消费品以旧 换新政策的通知》，对2026年"两新"工作作出系统部署。其中，2026年消费品以旧换新政策重 ...

本报讯 记者杨毅报道 为深入学习贯彻党的二十届四中全会有关部署和习近平总书记在省部级主要 领导干部专题研讨班开班式上的重要讲话精神，科学谋划"十五五"时期资本市场发展主要目标、战略任 务和重点举措，1月30日，中国证监会党委书记、主席吴清在北京召开座谈会，与部分境内外上市公司 代表深入交流，充分听取意见建议。中国证监会党委委员、副主席李超参加座谈。 座谈中，大家围绕如何做好资本市场"十五五"规划、提高制度包容性适应性、提高上市公司质量和 投资价值等提出了具体意见建议。主要包括：持续优化发行上市制度规则，更好适配新兴产业、未来产 业发展和传统产业转型升级需求；提升上市公司再融资效率，更好激活并购重组市场活力；更大力度培 育耐心资本和推动中长期资金入市，更好匹配产业发展的长周期需求；完善上市公司分红回购和激励约 束机制，督促上市公司进一步提升规范运作和信息披露水平；加大对上市公司全球化发展的政策支持， 助力培育世界一流企业等等。 吴清表示，中国证监会将全面、深刻、准确领会和把握党的二十届四中全会重要部署，加强对"十 五五"时期资本市场改革发展稳定重大问题的研究，把战略需要和实践可能统一起来，把市场所需和监 管所谋 ...

新年伊始，万象更新。在苏北大地，一场金融服务实体经济的"春季行情"正火热展开。清晨，盱眙 农商银行马坝支行客户经理杨帆带着一份清单，开始了一天的走访。清单上详细列明了辖区内种植养殖 大户、个体工商户的信息。这是盱眙农商银行在春节期间推行的"清单化管理+网格化深耕"营销模式的 一个缩影。 "以前走访像大海捞针，现在有了清单，目标明确，效率高多了。"杨帆说。截至1月中旬，盱眙农 商银行马坝支行已交出一份亮眼答卷：贷款余额达8.29亿元，较2026年初增加5570万元。这份成绩的背 后，是盱眙农商银行将金融服务深度融入基层治理的"网格化"实践。该行创新"政务网格"走访机制，将 56名金融助理嵌入全县138个政务网格，与网格员结对，形成"格格有助理、村村有服务"的格局。今年 以来，通过这一模式已为网格内820名居民新增授信1.6亿元。 开栏的话 梅绽春近，岁物皆新。2026年是"十五五"开局之年。伴随一年一度的"新春走基层"栏目再度启程， 《金融时报》记者深入田间地头、街道社区、工厂车间，捕捉时代脉动，挖掘展现发展新貌的鲜活故事 与典型人物，力图以"小切口"呈现中国式现代化建设的生动实践，敬请期待。 春节将至，年味渐 ...

1月30日，中国银行业协会发布了《金融机构个人消费类贷款催收工作指引(试行)》(以下简称《指引》)，规范会员单位和外部催收机构对信用卡及个人消 费信贷催收行为，促进行业健康发展。 据悉，《指引》共七章五十四条，从加强行业自律、规范业务发展的角度，通过催收行为定义、催收行为规范、外部催收机构管理、内控管理、促进行业 健康发展等五个方面对规则进行制定。 一是定义催收行为，对行业内的各类催收行为定义进行了明确。 二是建立催收行为规范，对社会关注的催收时间、频次、联系信息获取等热点问题进行了全面梳理，突出强调易理解可执行，设置了禁止红线。 具体来看，催收人员在实施催收过程中的禁止行为包括； (一)冒用行政机关、司法机关等名义追查债务人信息、寄送催收信函、开展催收行为。外部催收机构以会员单位身份开展催收。 (二)通过散布他人隐私、非法获取个人信息，采用恐吓、辱骂、欺诈、威胁、暴力、涉黑等不当手段开展催收。 (三)采取误导性表述虚构或夸大事实。以列入虚构的黑名单、虚构的不良信用数据库为由开展催收。以虚假承诺、夸大债务数额、性质、法律后果为由开 展催收。 (四)以催收名义收取额外费用，诱导或逼迫债务人通过新增借贷或非法渠道 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a draft for public consultation regarding the "Guidelines for Information Disclosure Content and Format of Publicly Raised Securities Investment Funds No. 2 - Content and Format of Regular Reports," aiming to enhance the clarity and efficiency of information disclosure in the mutual fund industry [1][2]. Group 1: Regulatory Changes - The revision integrates existing guidelines for annual, semi-annual, and quarterly reports into a single normative document, thereby streamlining the information disclosure framework [3]. - The updated guidelines will maintain specific disclosure requirements based on the characteristics of different types of regular reports while aligning with higher-level regulations and industry practices [3][4]. - The hierarchical structure of the XBRL template will be adjusted from a "normative document" to a "self-regulatory rule" by the fund industry association, enhancing the flexibility and adaptability of the rules [4]. Group 2: Investor-Centric Approach - The revised guidelines emphasize an "investor-centric" philosophy, focusing on long-term performance and investor interests [5]. - The fund industry association will require the disclosure of long-term performance data (7 and 10 years) in annual, semi-annual, and quarterly reports, moving away from short-term performance metrics [6]. - Fund managers will be mandated to disclose the proportion of profitable investors in actively managed equity and mixed funds over the past year, promoting a focus on investor benefits [6]. Group 3: Stability in Investment Behavior - The regulatory approach aims to enhance the stability of investment behavior by addressing high turnover rates in actively managed equity and mixed funds, which contradict the principles of value and long-term investing [7][8]. - Fund managers will be required to disclose turnover rate data in annual reports, encouraging a more prudent and rational investment mindset among fund managers and mitigating overly aggressive investment practices [8].

从共济地域看，同一统筹区(通常是同一个地市)内共济4.21亿人次，共济金额600.82亿元；省内跨统筹区共济4173.51万人次，共济金额79.38亿元。 从共济用途看，用于支付在定点医疗机构就医发生的个人负担的医疗费用488.38亿元，用于支付在定点零售药店发生的个人负担的费用34.32亿元，用于参 加居民基本医保等的个人缴费142.27亿元，用于支付长期护理保险的个人缴费0.76亿元，用于其他用途14.48亿元。 另外，2025年，通过医保钱包进行职工医保个人账户共济112.10万笔，共济金额7.50亿元。 国家医保局近日发布的数据显示，2025年1月至12月，职工医保个人账户共济达4.64亿人次，金额为687.7亿元。 职工医保个人账户共济，简单来说，就是打破地域限制，让参保人个人账户的钱能让家人使用，可以通过即时调用被绑定人个人账户、医保钱包等方式实 现。 其中，2025年通过即时调用被绑定人个人账户方式进行职工医保个人账户省内共济达到4.63亿人次，共济金额为680.20亿元。 1-12月跨省共济 1-12月省内共济 裁止12月底累计开通人 黑A 数(万人) 省内转出笔数(笔) 省内转出金额(万元) ...

1月30日，商务部合作司负责人介绍2025年中国对外投资合作运行情况时表示，2025年对外投资保持平 稳有序增长。对外非金融类直接投资1456.6亿美元，较上年增长1.3%。对非洲、欧洲、亚洲投资分别增 长41%、20.9%和1.2%，有效带动当地经济社会发展，促进全球产供链稳定。 此外，2025年在"一带一路"共建国家非金融类直接投资396.7亿美元，较上年增长17.6%，对外承包工程 新签合同额2579.8亿美元，完成营业额1526.3亿美元，分别占总额的89.2%和85.4%，为深化同共建国家 经贸合作关系、高质量共建"一带一路"作出积极贡献。 与此同时，2025年对外劳务实现增长。数据显示，2025年派出各类劳务人员42.8万人，较上年增长 4.6%，增加1.9万人。主要集中在建筑、交通运输、制造、住宿和餐饮等领域，人员结构不断优化。 2025年末，在外各类劳务人员60.3万人。 商务部合作司负责人介绍称，2025年对外承包工程规模稳步提升。完成营业额1788.2亿美元，较上年增 长7.7%，新签合同额2892.2亿美元，较上年增长8.2%，均创历史新高。一批标志性工程和小而美项目落 地实施，有力推动 ...

Core Insights - The article highlights the survival strategies of independent bookstores in the face of digital transformation and changing consumer habits, emphasizing the importance of balancing survival and ideals in the industry [1][6] Group 1: Industry Challenges - The number of independent bookstores in China has decreased from nearly 30,000 in 2019 to 16,800 in 2024, a reduction of 44%, with over 65% of these bookstores operating at a loss [1] - The shift in consumer behavior has led to a situation where many visitors to bookstores do not make purchases, posing a significant challenge for physical bookstores [1] Group 2: Successful Strategies - Xu Tao, co-founder of Suzhou Slow Bookstore, attributes the bookstore's success to three key factors: maintaining the essence of books as the core product, selling differentiated books, and creating unique customer experiences [3][4] - The bookstore has hosted 1,700 events over 14 years to foster connections with readers, demonstrating the importance of community engagement [3] - Differentiation in book offerings is crucial; for example, Slow Bookstore successfully reprinted a rare book that had become highly sought after, selling 3,000 copies within two years [3][4] Group 3: Innovative Services - Slow Bookstore offers tiered reading services to deepen emotional connections with customers, such as a long-standing program that has grown from 70 to approximately 300 participants, each paying 1,199 yuan annually [5] - The bookstore also provides specialized reading programs for children and women, showcasing its commitment to diverse community needs [5] Group 4: Industry Transformation - The transformation of bookstores is becoming a consensus in the industry, with a shift from being mere retail spaces to cultural hubs that offer social interaction and community services [6][7] - Successful bookstores are integrating public cultural services and educational activities, evolving into multi-functional cultural spaces [6][7] Group 5: Future Opportunities - The implementation of the "National Reading Promotion Regulations" in February 2026 is expected to provide further support for the transformation of physical bookstores, establishing their core role in promoting reading [8] - Increased government support and initiatives are anticipated to stimulate reading demand, creating a favorable environment for bookstores to thrive [8] - The market is expected to see a growing divide, with bookstores that possess cultural IP and service capabilities standing out, while traditional sales models are gradually being phased out [8]