政策双周报（2025年第6期）：二十届四中全会即将召开-20251015

Group 1: High-Level Dynamics - The date for the 20th Central Committee's Fourth Plenary Session has been confirmed for September 29, 2025[8] - The session will discuss the "Suggestions for Formulating the 15th Five-Year Plan for National Economic and Social Development"[8] Group 2: Fiscal Policy - Fiscal data for January to August 2025 shows a broad fiscal revenue growth rate of 8.9% and expenditure growth rate of 9.3%[28] - Stamp duty revenue has significantly increased by 27.4% during the same period, while land revenue remains low at -1.4%[30] Group 3: Monetary Policy - The Monetary Policy Committee held its third quarterly meeting, emphasizing the execution of monetary policy measures to fully release policy effectiveness[6] - The focus is on ensuring that monetary policies are effectively implemented to support economic growth[6] Group 4: Regional Policy - The Bay Area construction is focusing on the integration of "two chains" to enhance innovation and technology development[6] - This initiative aims to strengthen the region's position as a high-tech hub[6] Group 5: Industrial Policy - The "15th Five-Year Plan" will anchor on the goal of building a strong technological nation, with a focus on ten key industries to stabilize growth[6] - The plan aims to leverage digital technology to empower the construction sector[6]