收入分配制度或迎重大改革，城乡居民增收计划将有明确目标

Core Insights - The central economic work conference this year emphasizes the implementation of an income increase plan for urban and rural residents, transitioning from last year's focus on middle and low-income groups to a comprehensive plan covering all residents [1][2] - The National Development and Reform Commission highlights the importance of increasing residents' income and improving the share of labor remuneration in national income distribution, aiming for synchronized growth in income and economic development [1][2] Policy Evolution - The shift from "promoting" income growth for middle and low-income groups to "formulating and implementing" a comprehensive income increase plan indicates a significant policy upgrade [2] - The new plan aims to effectively increase the income of low-income groups and steadily expand the middle-income group while regulating excessively high incomes [2][3] Employment Stability - Employment is identified as a key factor influencing residents' income, with the central economic work conference prioritizing employment stability as part of broader economic stability measures [4][5] - The government aims to support flexible employment and ensure that new employment forms are integrated into a robust social security system [5] Capital Market Role - The capital market is seen as a crucial player in increasing residents' income and expanding domestic demand, with expectations for a bull market to enhance consumer spending [6] - The implementation of the new "National Nine Articles" has led to a positive trend in the capital market, with significant cash dividends expected for investors [6] Income Distribution Reform - Long-term reform of the income distribution system is essential for promoting residents' income growth, with a focus on fair and reasonable distribution mechanisms [7][8] - The need for a balanced income distribution system is emphasized, addressing disparities between urban and rural areas, regions, and income groups [8][9]