国泰海通｜海外策略：每周海内外重要政策跟踪（25/09/26）

Domestic Macro - On September 19, the State Council discussed the revised draft of the Banking Supervision Law of the People's Republic of China [1] - On September 22, the State Council Information Office held a press conference on achieving high-quality completion of the 14th Five-Year Plan, highlighting the financial sector's achievements during this period [1] - The Shanghai Stock Exchange Party Committee announced efforts to promote long-term capital entering the market [1] - The Ministry of Finance indicated guidance for local governments to implement a series of incremental debt support policies [1] - On September 23, the Ministry of Commerce and nine other departments issued policies to promote service exports, including optimizing zero tax rate declaration procedures and increasing export credit insurance support [1] - On September 24, the People's Bank of China announced a 600 billion yuan MLF operation, with a net injection of 300 billion yuan this month, marking the seventh consecutive month of increased operations [1] Industry Policy - On September 20, the National Healthcare Security Administration released the 11th batch of drug procurement documents [2] - On September 21, the China Academy of Science and Technology Development Strategy published the "China Regional Science and Technology Innovation Evaluation Report 2025" [2] - The State Council's Food Safety Office is accelerating the establishment of national standards for prepared dishes [2] - On September 22, the Ministry of Industry and Information Technology and other departments jointly issued the "Steel Industry Growth Stabilization Work Plan (2025-2026)", setting an average annual growth target of around 4% for the steel industry's added value [2] - The National Sports Administration released guidelines to promote the high-quality development of sports for health [2] - On September 23, the Ministry of Commerce and eight other departments issued guidelines to vigorously develop digital consumption, including trials for smart connected vehicles [2] - On September 24, the Ministry of Industry and Information Technology and six other departments issued the "Building Materials Industry Growth Stabilization Work Plan (2025-2026)", with strict capacity control for cement and glass [2] - On September 25, the National Healthcare Security Administration published the "National Long-term Care Insurance Service Project Directory (Trial)" [2] Local Policy - On September 19, Shanghai issued a notice optimizing the personal housing property tax pilot policies, exempting the first home for talent with residence permits and families with residence permits for over three years, and exempting the second home within 60 square meters per person [3] - On September 21, Sanya passed the "Implementation Measures for the Development of Guaranteed Rental Housing", with rental prices for guaranteed rental housing guided by the government [3] - On September 25, Tianjin will conduct a pilot for the registration of real estate trust property [3] Overseas Dynamics - On September 19, the Bank of Japan decided to maintain the benchmark interest rate at 0.5% [4] - The European Commission approved a new round of sanctions against Russia, covering energy, financial services, and trade restrictions [4] - On September 20, U.S. President Trump signed an executive order significantly reforming the H-1B visa program, requiring applicants to pay a fee of $100,000 [4] - On September 22, President Trump stated he would meet with Chinese leaders during the APEC informal leaders' meeting [4] - On September 24, Li Qiang met with European Commission President Ursula von der Leyen in New York; the U.S. officially imposed a 15% tariff on EU cars and automotive products [4] - On September 25, the Ministry of Commerce announced the inclusion of three U.S. entities, including Flat Earth Management, in the export control list and initiated an investigation into trade and investment barriers related to Mexico [4]