Core Insights - The trust industry is experiencing significant performance divergence, with the top ten trust companies accounting for nearly 60% of the total net profit, highlighting a trend of "ice and fire" within the sector [1][4] - The shift towards standardized products and the impact of regulatory policies are driving trust companies to focus on core business areas, leading to varying degrees of success in their transformation efforts [1][5] Financial Performance - The total operating revenue of the 50 disclosed trust companies reached 708.71 billion yuan, a year-on-year increase of 15.87%, with 28 companies (56%) reporting positive revenue growth [2] - The total profit amounted to 382.964 billion yuan, reflecting a year-on-year growth of 13.64%, with 29 companies (58%) achieving positive profit growth [2] - The first half of 2025 saw operating revenue of 343.62 billion yuan, a 3.34% increase from the previous year, indicating a recovery trend in the industry [2] Profitability Disparities - The top-performing trust companies, such as CITIC Trust and Yingda Trust, reported substantial profit increases, with CITIC Trust's net profit growing by 112.72% [6] - Conversely, some companies like Huachen Trust and Changcheng Trust faced significant revenue declines, with Wukuang Trust reporting a loss of 2.15 billion yuan [3][6] - The overall net profit margin and return on equity (ROE) have shown a notable increase, with the industry ROE rising from 4.61% to 5.06% [6] Capital Utilization and Risk Management - The disparity in profitability reflects differences in capital utilization capabilities among trust companies, with leading firms diversifying investments to mitigate risks and enhance returns [7] - Smaller firms are constrained by limited investment options and ongoing risk resolution processes, impacting their overall profitability [7]

王浩表示，中国信保要锚定"十五五"中期目标，2026年开拓奋进，在高质量履职上见行见效。一是 坚决扛起稳外贸政治责任，打好外贸"突围2.0"持久战；二是持续夯实核心政策性业务发展根基，打好 阵地战；三是积极为建设强大国内市场、进出口平衡发展多作贡献，打好主动战；四是做好保赔追联 动、提升资金运用效能和资信服务质量，打好攻坚战。 本报讯 记者王笑报道 1月29日至30日，中国出口信用保险公司（以下简称"中国信保"）在北京召开 2026年度工作会议暨党建工作会议。中国信保党委书记、董事长王浩发表讲话，党委副书记、副董事 长、总经理盛和泰作年度工作报告。 会议认为，"十四五"时期，中国信保坚持以习近平新时代中国特色社会主义思想为指导，持续深入 贯彻落实习近平总书记关于充分发挥出口信用保险作用的重要指示精神，圆满完成各项任务。 会议提出，做好2026年工作要坚持稳中求进工作总基调，完整准确全面贯彻新发展理念，服务加快 构建新发展格局，着力推动高质量发展，充分发挥出口信用保险的逆周期和跨周期调节作用，全力支持 扩大高水平开放，更好助力稳外贸稳外资，更好服务高质量共建"一带一路"，更好服务金融强国建设， 更好统筹发展和安 ...

作为"粤字号"农产品的杰出代表，狮头鹅早已声名远扬。临近春节，在汕头市澄海区的大街小巷， 卤鹅香气从清晨便弥漫开来。街坊们循着熟悉的香味前来选购，外地游客也慕名而至，品尝这道潮汕美 食。狮头鹅体型大、肉质鲜美，深受广大食客的喜爱，具有显著的经济价值。如今，狮头鹅产业已成为 潮汕地区农村经济的重要支柱产业，带动众多养殖户脱贫致富奔小康。而这缕卤香之所以能飘得更远、 走进万家，背后离不开金融活水的精准滴灌。 据悉，近年来，中国人民银行汕头市分行紧紧围绕"三农"和县域经济发展的金融需求，以"特色融 资服务+业务模式创新"为抓手，持续推动金融资源向相关领域集聚，全力为"百千万工程"提供坚实的金 融支撑。在提升金融服务可得性方面，中国人民银行汕头市分行积极联合有关部门，充分发挥协调引导 作用，先后指导7家银行机构挂牌成立"百千万工程"特色融资服务中心，覆盖新农村建设、海洋产业、 玩具业、纺织业等多个领域。截至2025年末，7家特色融资服务中心累计放款3302笔，金额41.81亿元， 为汕头特色领域企业送去了"及时雨"。与此同时，中国人民银行汕头市分行还指导银行机构针对产业融 资难点精准施策，推动金融服务创新。其中，广东 ...

Core Viewpoint - The implementation of the new VAT law and its accompanying regulations starting January 1, 2026, aims to stabilize tax burdens while optimizing the existing VAT preferential policy system, responding to societal concerns and demands [1][2]. Group 1: VAT Policy Adjustments - The announcement clarifies that from January 1, 2026, to December 31, 2027, the threshold for small-scale taxpayers will be set at a monthly sales amount of 100,000 yuan or a quarterly sales amount of 300,000 yuan, with a per-transaction threshold of 1,000 yuan [1][2]. - The announcement systematically organizes and optimizes existing preferential policies, making the objectives clearer and the system more standardized, which is expected to enhance the efficiency of tax resource allocation [2]. Group 2: Taxpayer Guidelines - The new regulations specify that the threshold for individual taxpayers under the per-transaction tax system will increase from 500 yuan to 1,000 yuan, while maintaining certain exceptions for specific types of taxable transactions [3][4]. - Individual taxpayers are allowed to apply for tax declarations through invoice issuance or withholding by payers, which reduces the burden of self-declaration [4][5]. Group 3: Small-scale Taxpayer Flexibility - Small-scale taxpayers can choose to waive tax exemptions for certain taxable transactions to meet the needs of downstream clients for VAT special invoices, which is crucial for input tax deductions [5][6]. - The regulations allow small-scale taxpayers to flexibly decide whether to waive tax exemptions for specific transactions without affecting the preferential treatment of other taxable transactions [6].

Core Viewpoint - The article highlights the transformative impact of inclusive finance on rural revitalization in the Miao ethnic village of Shibadong, Hunan Province, showcasing how financial products like "Miao Embroidery Loan" have empowered local artisans and improved their livelihoods [1][12]. Financial Support and Development - The establishment of financial services in Shibadong began with the Agricultural Bank of China setting up a service point in 2014, facilitating 1,568 transactions totaling 602,900 yuan [6]. - The introduction of the Xiangxi Changxing Village Bank in 2017 provided a local banking presence, allowing villagers to store money safely and access loans without collateral [7]. - The bank has issued a total of 27.1 million yuan in credit to the village, enabling the development of various agricultural projects, including a kiwi fruit base [7]. Miao Embroidery Cooperative - The Miao Embroidery Cooperative, founded by Shibadong's former village leader, has evolved from struggling to secure orders to successfully partnering with CRRC Zhuzhou Electric Locomotive Co., producing custom embroidery for high-speed trains [5][8]. - The cooperative's annual output value has reached 450,000 yuan, creating jobs for 54 women and generating 200,000 yuan in collective dividends for the village [8]. Agricultural Innovations - The introduction of hybrid cattle breeding in 2020 has improved local livestock farming, with the "Yellow Cattle Breeding Loan" allowing farmers to secure funding without collateral [10][11]. - Farmers can now use livestock as collateral for loans, which has led to increased cattle production and income for local farmers [11]. Policy Support and Financial Products - The Xiangxi government has implemented policies to support inclusive finance, including a 200 million yuan risk reserve fund and low-interest loans for agricultural projects [12]. - The introduction of specialized loans like "Miao Embroidery Loan" and "Yellow Cattle Loan" has been complemented by interest subsidies, reducing the effective interest rate for farmers to below 3% [12]. Socioeconomic Impact - Since the implementation of targeted poverty alleviation measures in 2013, the average annual income in Shibadong has increased from 1,668 yuan to over 20,000 yuan, reflecting significant socioeconomic progress [13]. - The village has become a model for inclusive finance, with its experiences being replicated in other rural areas across China, demonstrating the potential of financial services to drive rural development [14].

更新后的《目录》共收录截至2025年12月31日已发布实施的外汇管理主要法规169件，按照综合、 经常项目外汇管理、资本项目外汇管理、金融机构外汇业务监管、人民币汇率与外汇市场、国际收支与 外汇统计、外汇检查与法规适用、外汇科技管理八大项目分类，并根据具体业务类型分为若干子项。本 次新纳入《目录》的文件主要涉及跨国公司本外币一体化资金池业务、跨境投融资、债券回购、对外金 融资产负债及交易统计制度等。 责任编辑：袁浩 本报讯 记者马玲报道 为深入贯彻落实党的二十届四中全会和中央经济工作会议精神，提升外汇领 域法规政策透明度，日前，国家外汇管理局更新发布了《现行有效外汇管理主要法规目录（截至2025年 12月31日）》（以下简称《目录》）。 ...

Industry Overview - In December 2025, the total original insurance premium income of China's insurance industry reached 6.12 trillion yuan, with property insurance contributing 1.47 trillion yuan and life insurance contributing 4.65 trillion yuan [1] - The original insurance claims paid by the industry amounted to 2.44 trillion yuan [1] - On a comparable basis, the industry's total original insurance premium income grew by 7.4% year-on-year, while original insurance claims paid increased by 6.2% [1] Financial Performance - By the end of 2025, the total assets of China's insurance industry reached 41.31 trillion yuan, reflecting a year-on-year growth of 15.1% [1] - The net assets of the industry stood at 3.66 trillion yuan, with a year-on-year increase of 10.2% [1] Company-Level Insights - In 2025, property insurance companies reported original premium income of 1.76 trillion yuan and claims paid of 1.17 trillion yuan [1] - Breakdown of premium income by type for property insurance includes: 940.9 billion yuan for auto insurance, 142.8 billion yuan for liability insurance, 155.5 billion yuan for agricultural insurance, 227.4 billion yuan for health insurance, and 59.3 billion yuan for accident insurance [1] - Life insurance companies generated original premium income of 4.36 trillion yuan and claims paid of 1.28 trillion yuan [1] - Breakdown of premium income by type for life insurance includes: 3.56 trillion yuan for life insurance, 36.8 billion yuan for accident insurance, and 769.9 billion yuan for health insurance [1]

2025年车险保费近万亿元 2025年，财产险公司原保费收入1.76万亿元，赔付支出1.17万亿元。按可比口径，行业汇总原保险保费 收入同比增长3.9%。分险种来看，车险、责任险、农险、健康险、意外险保费收入分别为9409亿元、 1428亿元、1555亿元、2274亿元、593亿元。 从公司层面看，2025年，人身险公司原保费收入4.36万亿元，赔付支出1.28万亿元。按可比口径，行业 汇总原保险保费收入同比增长8.9%。 分险种来看，寿险、意外险、健康险保费收入分别为3.56万亿元、368亿元、7699亿元。 值得关注的是，从2025年12月单月看，人身险公司原保费收入2152亿元，同比增长6.0%，由负大幅转 正，前值为-2.4%。华西证券(9.010, -0.21, -2.28%)认为，这主要与部分险企冲刺年度业绩目标有关。 东吴证券非银金融孙婷研究团队预计，上市险企2026年"开门红"表现亮眼。当前，保险产品预定利率吸 引力相对较高，有利于2026年新单保费增长。 近日，金融监管总局公布了2025年12月保险业经营情况。总体来看，2025年，我国保险业原保险保费收 入6.12万亿元，其中财产险1.47 ...

#中方要求美方立即停止错误行径#【#外交部回应美扣押遣返中企人员#】今天，外交部例行记者会上， 发言人林剑表示，近期，美方执法部门多次对中国企业人员进行长时间无理盘查、扣押并遣返，执法手 段粗暴，严重侵犯中国公民正当合法权益，严重破坏两国正常的商务交流合作和人文交往氛围，更与两 国元首釜山会晤关于加强经贸领域合作的共识严重不符。中方对此强烈不满、坚决反对。中方敦促美方 严肃认真对待中方关切，要求美国执法部门立即停止错误行径，停止对中国企业人员的无端盘查，切实 落实两国元首重要共识，保障两国人民正常、友好交流。中方将继续采取坚决有力措施，坚定维护中国 公民的正当合法权益。 ...

截至2025年末，我国保险业资产总额41.31万亿元，同比增长15.1%；净资产3.66万亿元，同比增长 10.2%。 近日，金融监管总局公布了2025年12月保险业经营情况。总体来看，2025年，我国保险业原保险保费收 入6.12万亿元，其中财产险1.47万亿元、人身险4.65万亿元；保险业原保险赔付支出2.44万亿元。按可比 口径，行业汇总原保险保费收入同比增长7.4%，原保险赔付支出同比增长6.2%。 人身险公司原保费收入同比增长8.9% 人身险公司原保费收入同比增长8.9% 从公司层面看，2025年，人身险公司原保费收入4.36万亿元，赔付支出1.28万亿元。按可比口径，行业 汇总原保险保费收入同比增长8.9%。 分险种来看，寿险、意外险、健康险保费收入分别为3.56万亿元、368亿元、7699亿元。 值得关注的是，从2025年12月单月看，人身险公司原保费收入2152亿元，同比增长6.0%，由负大幅转 正，前值为-2.4%。华西证券认为，这主要与部分险企冲刺年度业绩目标有关。 东吴证券非银金融孙婷研究团队预计，上市险企2026年"开门红"表现亮眼。当前，保险产品预定利率吸 引力相对较高，有利于202 ...