会议强调，要认真学习贯彻习近平总书记在中央政治局第二十二次集体学习时的重要讲 话精神，全面落实系统推进我国宗教中国化部署要求，进一步做好新时代宗教工作。要牢牢 把握宗教工作正确政治方向，积极引导宗教与社会主义社会相适应，坚持以社会主义核心价 值观为引领，引导宗教界人士不断增进"五个认同"。要依法治理宗教事务，切实提高宗教工 作法治化水平，有效防范化解宗教领域风险隐患。要加强党对宗教工作的领导，压紧压实各 级党委（党组）主体责任，不断开创我市宗教工作新局面。 会议强调，要深入学习贯彻习近平总书记对党校（行政学院）工作作出的重要指示精 神，认真落实全国党校（行政学院）工作会议要求，推动新时代党校事业高质量发展。要把 牢正确办学方向，始终坚持党校姓党，牢记"为党育才、为党献策"初心，充分发挥党校理论 武装主阵地作用。要深化教学改革，围绕中心、服务大局完善课程设计，加强对干部理论教 育、党性教育和履职能力培训，增强教育培训的针对性实效性。要提升研究资政能力，加强 党的创新理论的研究阐释，强化重大课题调查研究，更好发挥智库作用。要提高办学治校水 平，加强干部和教师队伍建设，加强对学员的管理监督，切实做到从严治校、质量立 ...

10月10日，继前一日上证指数时隔十年首次站上3900点后，A股三大指数集体低开，盘中单边震荡走 弱，悉数收于全天低位。 截至收盘，上证指数跌0.94%，报3897.03点；深证成指跌2.7%，报13355.42点；创业板指跌4.55%，报 3113.26点。此外，沪深300指数跌1.97%，北证50指数跌1.24%，科创50指数跌5.61%。 其中，深证成指、科创50指数均创下9月5日以来最大单日跌幅；创业板指创下4月8日以来最大单日跌 幅，盘中一度重挫逾5%。 本报（chinatimes.net.cn）记者帅可聪 北京报道 2025年10月10日，双节后第二个交易日，A股三大指数集体回调，上证指数跌近1%失守3900点，创业 板指重挫逾4.5%，创下近半年来最大单日跌幅，电池、半导体、光伏设备等前期热门板块领跌。 巨丰投顾投资顾问总监郭一鸣向《华夏时报》记者分析指出，短期走势的剧烈反转，直观反映出当前市 场情绪已从积极转向谨慎，资金层面的获利了结意愿显著增强。展望后市，市场支撑中期向好的核心逻 辑并未发生根本转变，但上行节奏大概率会逐步放缓。 知名私募星石投资相关人士表示，短期来看，长假期间并未出现明显风 ...

立足当下中国经济的状况，尹艳林认为至少有三方面改革应尽 快推动：一是收入分配改革，包括调整个税税率、增加专项抵 扣项目及降低社保缴费费率；二是财税体制改革，理顺中央政 府与地方政府事权财权关系；三是投资体制改革，推动民营企 业"敢投资、有回报"。 作者： 宋笛 刘鹏 封图：图虫创意 9月24日，经济观察报专访了十四届全国政协经济委员会副主任、中央财经委员会办公室原副主任 尹艳林。在两个小时的交流中，尹艳林从"反内卷"政策谈起，谈到了稳房价、稳股市、社保制度 和收入分配制度改革、"十五五"规划等一系列议题。 2024年9月24日，政策层祭出提振经济和资本市场的一揽子增量政策，这些政策扭转了消费和投 资增速持续放缓的趋势，有效稳定了股市和楼市。 一年后，中国经济出现了新的变化：一方面，随着"反内卷"政策持续推进，部分工业企业利润得 到修复，工业生产者出厂价格指数（PPI）降幅收窄，科技企业竞争力增强，股市活跃度提升；另 一方面，消费增速持续走低，部分城市的房价波动加大。 长期从事经济政策研究的尹艳林认为，"反内卷"有较为清晰的行业和行为指向，不是每个行业都 需要"反内卷"。要防止"反内卷"泛化，更要避免"反内卷" ...

智通财经10月10日讯（记者 闫军）沪指3900点"一日游"，快速回落。相对而言，沪指0.94%的跌幅并不算深，科创50 与创业板指分别下跌5.61%、4.55%，成为调整最深板块。 电池、半导体跌幅居前，多只锂电池ETF、新能源ETF跌幅超7%，而集成电路ETF、科创芯片ETF等37只ETF跌幅超 6%。牛市多急跌，但这一跌幅还是让投资者有些措手不及，纷纷感慨：国庆节后开盘大涨，更应该遵循"逢高必卖"的 炒股祖训交易。 | 序 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | 溢折率 | 成交额 | 5日涨跌幅 | 年初至今 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 锂电池ETF | 0.809 c | -0.065 | -7.44% | 0.45% | 3.75亿 | -1.22% | 64.77% | | 2 | 电池ETF嘉实 | 0.826 c | -0.065 | -7.30% | 0.54% | 3.74亿 | -0.96% | 62.92% | | 3 | 电池50ETF | 0.947 c | -0.074 ...

中证转债指数收盘下跌0.45%，报485.62点，成交金额703.95亿元。惠城转债、恩捷转债、新致转债、 甬矽转债、亿纬转债跌幅居前，分别跌15.74%、9.17%、7.00%、6.50%、6.41%。中环转2、天路转债、 武进转债、东风转债、利民转债涨幅居前，分别涨20.00%、6.32%、5.86%、5.62%、5.51%。 【一级市场】 财政部2年、50年期国债加权中标收益率分别为1.4526%、2.2977%，全场倍数分别为2.48、3.62，边际 倍数分别为3.02、2.04。 新华财经北京10月10日电（王菁）债市周五（10月10日）重回弱势，国债期货全线收跌，银行间现券早 间持稳、午后收益率全线上行1BP左右；公开市场单日净回笼1910亿元，资金利率月初仍延续回落。 机构认为，节后债市再度偏弱震荡，机构目前关注十五五规划、公募销售新规落地、或机构行为冲击带 来超调时的小幅反击机会，随着四季度基本面对债市的定价权逐步提升，债市在四季度大概率存在修复 机会。 【行情跟踪】 国债期货收盘全线下跌，30年期主力合约跌0.49%报113.970，10年期主力合约跌0.06%报107.980，5年 期主力 ...

编者按： 在谋划中国经济下一个五年发展的过程中，如何在复杂环境下稳增长稳预期，是各界关注的核心议题。 近期，各方特别是经济学界对消费和投资在宏观调控中的作用有一些讨论。清华大学中国发展规划研究 院常务副院长董煜，曾深度参与多轮五年规划编制，对宏观经济运行逻辑与政策落地路径有着深刻理 解，本文围绕上述议题提出一些想法和建议。 无论看消费还是看投资，都要算大账。在促消费工作中，既要做好增加投入的"加法"，也要做好减少限 制的"减法"。在稳投资工作中，要更多加入对未来收益和综合效益的考量，给民间资本更好的回报预 期，也要努力遏制无效和低效投资。还要看到，消费和投资之间本来就存在相互促进的关系，消费增长 点可以拉动新的投资，投资也能通过传导机制创造新的就业和消费。 近期各方讨论中国稳增长的举措时，对以促消费还是稳投资为主做好宏观调控有一些不同观点，请问您 如何看待这些声音，宏观政策应该如何取舍？ 董煜：当前经济运行的主要矛盾在需求侧，解决有效需求不足问题需要持续扩大内需，在宏观政策的目 标和手段上，促消费和稳投资都是非常重要的着力点。 消费和投资在增长中的作用，一直是宏观学界高度关注的问题。在不同的阶段，问题的表现、 ...

10月10日，A股市场开盘走低，主要股指有所回调。而在震荡行情中，分散投资、风格清晰、费率较低 的核心宽基ETF作为把握市场整体机会的有力工具之一，聚焦核心资产、目前市场规模同类居首的 A500ETF华泰柏瑞（563360）也因此备受关注。（指数数据来源：wind，规模数据来源：交易所，截至 2025/10/9，A500ETF华泰柏瑞规模277.76亿元） 风险提示：基金有风险，投资须谨慎。如需购买相关基金产品，请您关注投资者适当性管理相关规定， 提前做好风险测评，并根据您自身的风险承受能力购买与之相匹配的风险等级的基金产品。基金过往业 绩不代表其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表现的保证。投资者在投资 基金前，需充分了解基金的产品特性，并承担基金投资中出现的各类风险。请仔细阅读基金合同、基金 招募说明书和产品资料概要等法律文件，了解基金的具体情况。指数由中证指数有限公司（"中证"）编 制和计算，其所有权归属中证。中证将采取一切必要措施以确保指数的准确性，但不对此作任何保证， 亦不因指数的任何错误对任何人负责。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 产品 ...

Market Overview - The market experienced a significant adjustment, with the Shanghai Composite Index falling below the 3900-point mark, and the ChiNext and STAR Market also seeing substantial declines. The technology sector, particularly chips, faced heavy losses, while dividend-style stocks showed resilience [1][2] - The total market turnover reached 2.5 trillion yuan, with a roughly even split between rising and falling stocks [1] Reasons for Market Adjustment - The adjustment is attributed to three main factors: increased uncertainty from external markets regarding the AI bubble and trade tensions, high valuations triggering financing rules for certain stocks, and a rising US dollar index, which recently surpassed 99, negatively impacting equity assets [1] - Notable declines were observed in popular sectors such as chips and solid-state batteries, with stocks like Yandong Micro, Huahong Semiconductor, and Baiwei Storage experiencing significant drops [1] Sector Performance - Despite the overall market downturn, sectors such as brokerage and coal stocks performed well, with companies like Dayou Energy hitting the daily limit [1] - The consumer sector showed strength, particularly in retail and food and beverage, with stocks like Zhuangyuan Pasture achieving consecutive gains [1] - The real estate chain, including building materials, rebounded, with stocks like Jintou Chengkai reaching the daily limit [1] Fund Flow - Main funds focused on sectors such as securities, electric grid equipment, and cement, with notable net inflows into stocks like Seres, Great Wall Military Industry, and Landai Technology [3] Future Market Outlook - Guojin Securities anticipates a significant shift in market style, with potential volatility in high-position stocks and opportunities for recovery in low-position blue-chip stocks [1] - Xinyi Securities suggests that a new round of upward momentum is building, driven by the upcoming third-quarter reports and key policy meetings [7] - Huatai Securities believes that the market's upward trend may continue, supported by the upcoming disclosures of third-quarter results and macroeconomic data [9] - CICC highlights a strong structural characteristic in the market, with a focus on growth sectors such as AI, innovative pharmaceuticals, and electric batteries [10]

Group 1 - The report indicates that the A-share market is expected to experience a震荡上行 trend post-holiday, with the Shanghai Composite Index breaking through the 3900-point mark, and the Shenzhen Component and ChiNext indices rising over 1% [3][11] - Key sectors leading the market include precious metals, semiconductors, and cyclical industries such as steel and energy metals, which are expected to perform well in the upcoming quarter [3][11] - Investors are advised to focus on companies with clear earnings growth and reasonable valuations to mitigate short-term market volatility and capitalize on performance-driven opportunities [3][11] Group 2 - The report highlights that the precious metals sector saw significant gains due to a rise in international gold prices, driven by the Federal Reserve's recent interest rate cut and increased demand for safe-haven assets [7][11] - Cyclical sectors such as non-ferrous metals and steel are expected to strengthen, supported by government policies and improving economic conditions, particularly in the context of the "14th Five-Year Plan" [8][11] - The rare earth permanent magnet sector experienced a surge following new export controls and regulations, indicating China's strategic advantage in this field, with expectations of continued demand growth [9][10]

Core Viewpoint - The stock market experienced a decline, with significant drops in the ChiNext and STAR Market indices, while certain sectors showed resilience and growth potential [1] Market Performance - As of the midday close, the Shanghai Composite Index fell by 0.51% to 3913.8 points, the Shenzhen Component Index dropped by 1.85%, the ChiNext Index decreased by 3.4%, and the STAR Market Index declined by 4.64% [1] - The total trading volume across the Shanghai, Shenzhen, and North markets reached 165.62 billion yuan [1] Sector Analysis - The semiconductor sector saw a substantial decline, while sectors such as gas, coal, textiles, food and beverage, agriculture, oil, and steel experienced gains [1] - Financial sectors including insurance, banking, and brokerage firms showed upward movement [1] Future Outlook - According to Xingzheng Strategy, after a period of consolidation since September, a new upward momentum is building, supported by a globally accommodative macro environment and structural highlights [1] - The upcoming third-quarter reports and significant policy meetings at the end of the month are expected to enhance market expectations and provide more trading opportunities [1] - Focus areas include sectors benefiting from the "14th Five-Year Plan," such as innovative pharmaceuticals, military industry, AI, batteries, and cyclical industries like non-ferrous metals and chemicals [1]