关于四中全会！券商最新解读来了

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes a strategic framework for advancing Chinese-style modernization and achieving high-quality development, focusing on the integration of technological innovation and the real economy, while addressing complex changes through a top-level design that balances development and security [3][4]. Economic Development - The meeting reiterates the importance of "centering on economic construction," highlighting its significance for the next five years, which indicates a strong focus on economic development [4][6]. - The goal of achieving "significant results in high-quality development" and improving the level of technological self-reliance is emphasized, with a commitment to maintaining a 5% economic growth target supported by macroeconomic policies [4][5]. Technological Innovation - Key terms in the communiqué include "industry" (8 times), "technological innovation" (6 times), and "security" (7 times), indicating a strong focus on technological self-reliance and innovation as primary objectives for the upcoming five-year plan [5][6]. - The need for original innovation and breakthroughs in key technologies is highlighted, suggesting increased investment and support in frontier technology fields to establish a leading advantage in global technological innovation [6][7]. Consumer and Social Welfare - The session stresses the importance of expanding domestic demand and integrating social welfare with consumption, indicating a long-term approach to nurturing consumption rather than short-term stimulus measures [7][8]. - Specific areas of focus for improving social welfare include enhancing social security coverage, improving public services, and promoting high-quality development in real estate, all aimed at addressing pressing public needs and enhancing overall living standards [8].