Core Viewpoint - The "Technology + Finance" forum emphasizes the critical role of financial support in driving technological innovation and the reciprocal benefits that technological advancements bring to the financial sector [1][4][5]. Group 1: Importance of Financial Support for Technology - Financial investment is essential for the development of various sectors, particularly technology, which often involves uncertainty and long cycles. The efficiency of resource allocation in finance significantly influences the direction and effectiveness of technological innovation [4]. - The integration of financial resources into the technology sector is crucial for supporting the development of emerging industries and facilitating the transition between old and new economic drivers [4][5]. Group 2: Technology as a Driver for Financial Innovation - The application of new technologies, such as artificial intelligence, is reshaping the financial industry, leading to the emergence of new financial business models. This transformation enhances the inclusivity, convenience, and security of financial services [4]. - Continuous investment in research and development within the financial sector is necessary to meet diverse financial needs while reducing service costs and improving risk management [4][5]. Group 3: Synergy Between Technology, Industry, and Finance - The interplay between technological innovation, industrial upgrading, and financial empowerment creates a virtuous cycle that injects strong momentum into economic development [5]. - The forum's theme for this year focuses on "AI + Finance: Technology Empowerment and Value Creation," highlighting the importance of collaboration among scientists, entrepreneurs, and financiers to drive scientific breakthroughs and technological innovations [6].

Core Viewpoint - The article emphasizes the importance of promoting trade innovation development as a key strategy for overcoming challenges and seizing opportunities during the "14th Five-Year Plan" period, aiming to transition from a trade power to a trade strong nation [4][11]. Group 1: Significance of Promoting Trade Innovation Development - The "14th Five-Year Plan" period saw steady progress in China's foreign trade, with an optimized import-export structure and a reinforced position as a trade power. The "15th Five-Year Plan" period is crucial for achieving modernization and transitioning to a trade strong nation [5]. - Promoting trade innovation is essential for high-quality development, as it expands new spaces and advantages for economic growth, meets domestic industrial and consumption upgrades, and enhances the role of foreign trade in stabilizing growth and promoting employment [6]. - Trade innovation supports the construction of a new development pattern, facilitating the dual circulation of domestic and international markets, leveraging China's large market and supply capabilities [6]. - It is necessary to respond proactively to changes in the international economic landscape, maintaining a commitment to free trade and multilateral trade systems while promoting trade innovation for cooperative win-win outcomes [7]. Group 2: Basic Requirements for Promoting Trade Innovation Development - A balanced approach between goods trade and service trade is essential, as service trade is becoming a significant growth driver in the global economy. China aims to enhance both goods and service trade to improve competitiveness [8]. - Expanding both exports and imports is crucial for high-quality development, with a focus on optimizing import structures and enhancing the role of foreign investment in driving trade [9]. - The integration of traditional and emerging trade dynamics is necessary, supporting the transformation of traditional industries while fostering new growth points in trade [10]. Group 3: Main Tasks for Promoting Trade Innovation Development - The focus is on optimizing and upgrading goods trade, enhancing product structure and market layout, and promoting the integration of domestic and foreign trade [12]. - There is a strong emphasis on developing service trade, encouraging exports of knowledge-intensive services, and improving the regulatory environment for cross-border service trade [14][15]. - Innovation in digital trade is prioritized, with efforts to expand market access and establish mechanisms for safe data flow, while also supporting the development of digital products and services [16]. - Strengthening the trade promotion system and enhancing the functions of trade promotion platforms are essential for supporting trade growth and international competitiveness [17]. - A robust trade risk prevention system is necessary to address various risks in the trade sector, ensuring economic security while promoting trade innovation [18].

Core Viewpoint - The forum emphasized the synergy between AI and finance, highlighting the importance of technology in driving financial innovation and supporting economic transformation [1][3][7]. Group 1: Leadership Insights - Gu Binglin stated that finance provides essential funding for technological development, while technological advancements enhance the efficiency of financial services [3]. - Xu Hao highlighted that finance is a key driver of technological innovation and industrial transformation, advocating for collaboration in three areas: promoting high-level openness in "AI + finance," expanding application scenarios, and strengthening risk prevention [7]. Group 2: Institutional Perspectives - Jiao Jie emphasized the need for the integration of technology and finance to achieve high-level technological self-reliance, focusing on optimizing financial resource allocation and developing high-quality financial talent [9]. - Zhang Yaping discussed the importance of addressing major needs in life sciences and medicine as a pathway for technological innovation to serve national interests [12]. Group 3: Keynote Speeches - Liang Tao noted that the deep integration of AI and finance is a necessary trend for industry transformation, affecting service models, customer needs, and market structures [15]. - Tian Xuan proposed reconstructing the financial institutional ecosystem to support long-term, high-uncertainty technological innovation, emphasizing the need for a more inclusive venture capital market and a stable macro policy environment [16]. Group 4: High-Level Dialogue - Ma Weihua pointed out that AI is reshaping the banking ecosystem and that financial institutions are integrating AI to enhance service delivery and risk management [21]. - Hu Jianhua stressed that AI must serve the real economy and that regulatory bodies should promote global collaborative governance to avoid isolation [23]. Group 5: Roundtable Forum - Zhang Wei indicated that AI will continue to change and empower the financial industry, although it may not lead to immediate fundamental changes [27]. - Lu Zhongtao warned against the misuse of AI technology and highlighted challenges in data, computing power, algorithm adaptation, and organizational management [29]. - Ge Liang asserted that AI is capable of fundamentally reconstructing financial operations, emphasizing its transformative potential [30]. - Wang Xindong discussed AI's deep empowerment in finance, focusing on customer service, product design, and risk management [31]. - Zhao Feng noted that AI's application in asset management is growing, but human decision-making remains crucial due to the need for clear logic and traceability [34]. - Yu Shilong mentioned that AI could revolutionize price discovery in financial markets by enhancing transaction efficiency and reducing information asymmetry [35].

Group 1: Infrastructure REITs - The National Development and Reform Commission has released the "2025 Industry Scope List for Infrastructure REITs," expanding the range of projects eligible for REITs to include sports venues, commercial complexes, four-star hotels and above, and urban renewal projects [6][7]. - The expansion of the REITs issuance scope is expected to facilitate project applications, enhance efficiency, and stimulate market activity, particularly in urban renewal and consumption sectors [7]. Group 2: Insurance Industry - Five Chinese insurance companies made it to the 2025 Global Top 50 Property Insurance Companies list, with China Life Insurance being the only one in the top ten [8]. - The rankings of China Life, China Ping An, and China Reinsurance have declined compared to last year, prompting a need for these companies to rethink their international strategies [8]. Group 3: Urbanization and Real Estate - Premier Li Qiang emphasized the importance of new urbanization as a vehicle for expanding domestic demand and promoting industrial upgrades, highlighting the need for urban renewal actions [9]. - The focus on addressing housing issues for the large population of rural migrants is expected to create opportunities for real estate development in the coming years [9]. Group 4: Securities Industry - The Chairman of the China Securities Regulatory Commission indicated a policy shift towards enhancing capital efficiency for quality securities firms by loosening capital space and leverage restrictions [10][11]. - This policy aims to transition the industry from scale competition to value competition, addressing the low return on equity (ROE) issue [10][11]. Group 5: Insurance Risk Factor Adjustment - The National Financial Regulatory Administration has adjusted risk factors for insurance companies, reducing capital requirements for certain stock investments, which is expected to enhance capital utilization efficiency [12]. - The adjustment allows for a potential influx of capital into the market, estimated to bring in hundreds of billions [12]. Group 6: IPO Market - Moore Threads' IPO on the STAR Market achieved a market capitalization exceeding 300 billion yuan, marking the largest IPO on the STAR Market this year [13]. - This listing signifies a milestone in domestic GPU technology and reflects the capital market's support for high-tech industries [13]. Group 7: Central Bank Operations - The People's Bank of China conducted a 10 billion yuan reverse repurchase operation to maintain liquidity in the banking system, indicating a consistent approach to liquidity management [14]. - This operation is part of a broader strategy to stabilize liquidity expectations and interest rates, supporting economic stability [14].

征求对经济工作的意见和建议 中共中央召开党外人士座谈会 习近平主持并发表重要讲话 李强通报有关情况 蔡奇丁薛祥出席 12月3日，中共中央在中南海召开党外人士座谈会，就今年经济形势和明年经济工作听取各民主党派中央、全国工商联负责人和无党派人士代 表的意见建议。中共中央总书记习近平主持座谈会并发表重要讲话强调，我国经济长期向好的支撑条件和基本趋势没有改变，要坚定信心、 用好优势、应对挑战，不断巩固拓展经济稳中向好势头，实现"十五五"良好开局。 中共中央政治局常委李强、蔡奇、丁薛祥出席座谈会。李强受中共中央委托通报了今年经济工作有关情况，介绍了关于明年经济工作有关考 虑。 习近平指出，今年以来，各民主党派中央、全国工商联和无党派人士紧扣中共中央决策部署，积极开展科技创新和产业创新融合发展、全方 位扩大国内需求等方面调研，做好长江生态环境保护民主监督，围绕经济社会发展中一些重点难点问题及时建言献策，为中共中央科学决策 提供了重要参考。习近平代表中共中央向大家表示感谢。 习近平强调，做好明年经济工作，要以新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届历次全会精神，完整准确全面贯 彻新发展理念，加快构建新发 ...

来源丨新华社 编辑丨丁开艳 责编丨 兰银帆 中共中央政治局12月8日召开会议，分析研究2026年经济工作，审议《中国共产党领导全面依法治国工作条例》。中共中央总书记习近平主持 会议。 会议认为，今年是中国式现代化进程中具有重要意义的一年，以习近平同志为核心的党中央团结带领全党全国各族人民迎难而上、奋力拼 搏，统筹国内国际两个大局，实施更加积极有为的宏观政策，经济社会发展主要目标将顺利实现。我国经济运行总体平稳、稳中有进，新质 生产力稳步发展，改革开放迈出新步伐，重点领域风险化解取得积极进展，民生保障更加有力，社会大局保持稳定。过去5年，我们有效应对 各种冲击挑战，我国经济、科技、国防等硬实力和文化、制度、外交等软实力明显提升，"十四五"即将圆满收官，第二个百年奋斗目标新征 程实现良好开局。 会议强调，做好明年经济工作，要以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十届历次全会精神，完整准确全 面贯彻新发展理念，加快构建新发展格局，着力推动高质量发展，坚持稳中求进工作总基调，更好统筹国内经济工作和国际经贸斗争，更好 统筹发展和安全，实施更加积极有为的宏观政策，增强政策前瞻性针对性协同性，持续 ...

文/ 商务部部长 王文涛 1 2月8日，商务部部长王文涛在《人民日报》发布《扩大高水平对外开放 （学习贯彻党的二十届四中全会精神）》文章表示，党的二十届四中全会 通 过 的 《 中 共 中 央 关 于 制 定 国 民 经 济 和 社 会 发 展 第 十 五 个 五 年 规 划 的 建 议》（以下简称《建议》），强调"扩大高水平对外开放，开创合作共赢 新局面"。这是以习近平同志为核心的党中央着眼以中国式现代化全面推 进 强 国 建 设 、 民 族 复 兴 伟 业 ， 统 筹 国 内 国 际 两 个 大 局 作 出 的 重 大 战 略 部 署，为"十五五"时期扩大高水平对外开放提供了根本遵循和行动指南。文 章提到，有序推进人民币国际化，提升资本项目开放水平，建设自主可控 的人民币跨境支付体系。 党的二十届四中全会通过的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（以下简称《建议》），强调"扩大高水平对 外开放，开创合作共赢新局面"。这是以习近平同志为核心的党中央着眼以中国式现代化全面推进强国建设、民族复兴伟业，统筹国内国际两 个大局作出的重大战略部署，为"十五五"时期扩大高水平对外开放提供了根本遵 ...

2025年12月7日，2025腾冲科学家论坛——"科技+金融"论坛成功举办。清华大学五道口金融学院院长焦捷发表致辞 。 他指出， 科技自立自强是应对全球发展新变局的核心动能，优化金融资源配置是高水平科技自立自强的强大助力，教育科技人才一体发展 是科技自立自强的基础支撑。清华大学五道口金融学院坚持以习近平新时代中国特色社会主义思想为指导，以服务国家金融强国战略和金 融高质量发展为主线，把握清华大学通州金融发展与人才培养基地的重大发展机遇，构建"一基地+四中心"的发展格局。 以下为讲话全文： 第一，科技自立自强是应对全球发展新变局的核心动能。 新一轮科技革命和产业变革 深入发展，重塑全球发展格局。我国制度优势、超大规模市场优势彰显，但也面临发 展不平衡不充分问题，例如人口结构变化给经济发展、社会治理等带来新课题。面对 发展新变局，只有提高科技自立自强水平，提升国家整体创新效能，才能推动我国社 会主义现代化建设进程，实现2035年远景目标。 第二，优化金融资源配置是高水平科技自立自强的强大助力。 金融是国家核心竞争力 图为 焦捷 的重要组成部分。"十五五"规划建议提出，要加快建设金融强国。优化金融资源配 置，提高金 ...

Core Insights - The forum held on December 7, 2025, in Tengchong focused on the theme "AI + Finance: Technology Empowerment and Value Creation" [1] - Key discussions revolved around the integration of AI and finance, and how AI technology is reshaping the financial ecosystem [1] Group 1: Key Speakers and Contributions - Notable speakers included Gu Binglin, an academician from the Chinese Academy of Sciences and former president of Tsinghua University, and Xu Hao, the Vice Governor of Yunnan Province [4] - Keynote speeches were delivered by Zhang Yaping, a researcher at the Kunming Institute of Zoology, and Liang Tao, former vice chairman of the China Banking and Insurance Regulatory Commission [4] Group 2: High-Level Discussions - A high-level dialogue moderated by Professor Tian Xuan featured insights from Ma Weihua, former president of China Merchants Bank, and Hu Jianhua, former managing director of China Merchants Group, discussing the mutual benefits of AI and finance [6] - Topics included the positive interaction between AI and finance, as well as risk governance [6] Group 3: Roundtable Forum - The roundtable forum included discussions on the deep application of AI in the financial sector, leading to the emergence of a new financial industry ecosystem [9] - Participants included Zhang Wei, assistant dean of Tsinghua University’s Wudaokou School of Finance, and other industry leaders who shared insights on the profound changes AI brings to the financial industry [9] Group 4: Organizers and Collaborators - The forum was organized by Tsinghua University’s Wudaokou School of Finance, with support from various institutions including the Yunnan Provincial State-owned Financial Capital Holding Group [9]

往期回顾 Review of Past Articles - 郑栅洁主任主持召开民营企业座谈会 就"十五五"时期服务业发展听取意见建议 01 02 等你来投！《清华金融评论》12月刊 " 黄金投资逻辑：历史周期与趋势演变 " 征稿启事 中国人民保险集团股份有限公司党委委员、副总裁于泽涉嫌严重违纪违法，目前正接受中央纪委国家监委纪律审查和监察调查。 来源丨中央纪委国家监委网站 编辑丨兰银帆 审核丨许晨辉 E K h ill 基础和理论基础之上。 在内容上 小媒求你加·> 标 明年终的歌唱 《清华金融评论》 音声 经济会副 政策解读与建言,设置一个封面专 题以及宏观经济、政策与监管、 银行与保险、资本市场、财富与资 管、金融与科技、论文故事汇、道 口研究、国际九个专业栏目,所有 栏目都期待这样的来稿: 在风格上 既可以是分析研判式的文稿,也可以是解读评论型的文稿, 既可以建言献策经济金融理论与实践,也可以归纳总结新经 济金融模式与案例。 在形式上 无需复杂的理论与计量模型,无需过多的图形与数据表格, 无需臃肿的注释与参考文献,一句话,我们不需要学术性的 论文,但我们希望您的观点、结论和判断建立在扎实的学术 清华金 ...