Core Insights - The financial industry in China has achieved significant growth during the "14th Five-Year Plan" period, with a total asset value of nearly 47 trillion yuan in the banking sector, ranking first globally in total banking assets and second in overall financial strength [1][2] - The stock and bond market sizes have also expanded, with the total market capitalization of listed companies surpassing 100 trillion yuan, indicating a robust financial market environment [1] Group 1: Financial Market Development - The banking and insurance sectors have provided an additional 9 trillion yuan in funding to the real economy over the past five years, demonstrating a strong commitment to supporting economic growth [2] - The insurance sector has seen a 61.7% increase in cumulative payouts during the "13th Five-Year Plan" period, highlighting its role in risk management for farmers and small enterprises [2] - The proportion of technology companies among newly listed firms has increased, with tech firms now representing over 25% of the A-share market capitalization [2] Group 2: Market Capitalization and Investment Trends - As of August this year, various long-term funds held approximately 32% of the A-share market capitalization, indicating a growing interest in stable investments [2] - The market capitalization distribution across different stock exchange segments shows a notable trend, with the main board and the Shenzhen main board holding 55.64% and 23.09% respectively in 2023 [2] - The growth rate of loans to small and micro enterprises, as well as green financing, has been significant, reflecting a shift towards more sustainable investment practices [2]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - This week, the market showed a mild contraction in trading volume, with concentrated hotspots and weak performance of individual stocks. The press conference on the development of the financial industry during the "14th Five - Year Plan" reflected a prudent policy attitude, and there was some front - running trading for the "14th Five - Year Plan". The steel industry's growth target was set, and the A - share steel sector rebounded. Overseas, the US GDP growth in Q2 was revised up, which might affect the Fed's attitude towards monetary policy. Trading volume was concentrated in the technology sector, causing a siphon effect on the whole market. The Kechuang 50 index led the market with a nearly 6.5% increase, while other sectors and stocks declined severely. The weekly gains of the Shanghai 50, CSI 300, and CSI 500 were around 1%, and the CSI 1000 and 2000 recorded 0.5% and 1.8% declines respectively. The basis of each variety fluctuated little this week, with IH maintaining an annualized premium of 2% and the annualized discounts of the other three varieties narrowing slightly compared to last week. The term structure became flatter, and long - term hedging could be maintained [2] - The model predicts that the basis of IH, IF, IC, and IM will move in the directions of weakening, strengthening, strengthening, and strengthening respectively next week [4] Group 3: Summary According to the Directory This Week's Market Review - The market had a mild contraction in trading volume, with concentrated hotspots and weak individual stock performance. Relevant press conferences reflected a prudent policy attitude, and there was front - running trading for the "14th Five - Year Plan". The steel industry's growth target was set, and the A - share steel sector rebounded. Overseas, the US economic data might affect the Fed's monetary policy. Trading volume was concentrated in the technology sector, causing a siphon effect on the whole market. Different stock indices had different performance this week, and the basis of each variety had small fluctuations [2] Forecast Conclusion - The model predicts that the basis of IH will weaken next week, while the basis of IF, IC, and IM will strengthen [4]

投资咨询业务资格:证监许可【2012】31号 = 宏观金融数据日报 回顾:昨日收盘,沪深300上涨0.46%至4522.6;上证50上涨0.43%至 2922.2: 中证500上涨0.76%至7225.1: 中证1000上涨0.69%至7489.5。行业 板块涨跌互现,贵金属、消费电子、半导体、通信服务板块涨幅居前,旅 游酒店、能源金属、汽车服务、化肥行业、商业百货、酿酒行业跌幅居前 。沪深两市成交额21215亿,较上交易日缩量2023亿。 热评:国务院新闻办公室昨日下午盘后举行"高质量完成'十四五'规划 "系列主题新闻发布会。"一行一局一会"负责人介绍了"十四五"时期 金融业发展成就。发布会主要从中长期视角回顾总结"十四五"金融业发 展,不涉及短期政策调整 对于股指来说,本次会议重点在于总结"十四五"时期金融工作的成 果,对短期资本市场走势的指引作用较为有限。近期中美经贸会谈总体信 号积极,美联储年内首次降息,对A股构成利好;而国内经济数据表现不 佳,政策"强预期"再起,促销费、稳地产、扩财政政策推出的必要性提 升。股指趋势上延续多头,但当前政策层面引导A股市场以"慢牛"格局运 行,旨在避免类似2024年" ...

170万亿元 people.cn 频读 0 -中国 9月22日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发布会，介绍"十四五"时期金融业发展成就。在党中央坚强领导下，我国金融事业 取得新的重大成就。 "十四五" 以来 保险业累计赔付 9万亿元 较"十三五"时期增长61.7% 农业保险为8亿户次农户提供风险保障 商业养老、健康保险积累准备金11万亿 级读 p中国 " L m = " IS | 5317 银行业保险业通过 信贷、债券、股权等多种方式 频读 Q 乡中国 "十四五" 以来 交易所市场 57.5万亿元 直接融资比重稳中有升 "十三五"末提升2.8个百分京 较 t 读 一中国 "十四五"以来 上市公司通过分红、回购派发"红f 10.6万亿元 "十三五" 比 增长超过8成 资料来源：国务院新闻办公室新闻发布会 （文章来源：人民网） ...

Group 1 - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first in the world, with stock and bond market sizes ranking second globally [1] - During the "14th Five-Year Plan" period, the average annual growth rate of loans to technology-based SMEs, inclusive finance for small and micro enterprises, and green loans exceeded 20% [2] - The banking and insurance sectors provided an additional 170 trillion yuan in funding to the real economy over the past five years, with the insurance industry paying out 9 trillion yuan, a 61.7% increase compared to the "13th Five-Year Plan" period [2] Group 2 - The banking and insurance sectors have shown improvement in key regulatory indicators such as non-performing loans, capital adequacy, and solvency, all remaining within a "healthy range" [3] - The total scale of capital and provisions to resist risks in the industry exceeded 50 trillion yuan, with a more than 40% increase in the disposal of non-performing assets compared to the "13th Five-Year Plan" [3] - The number of financing platforms decreased by over 60% and the scale of financial debt dropped by over 50% compared to the beginning of 2023 [3] Group 3 - Financial resources have been optimized to support high-quality economic development, with infrastructure loan balances reaching 54.5 trillion yuan, a 62% increase compared to the end of the "13th Five-Year Plan" [4] - The total financing through stock and bond markets reached 57.5 trillion yuan over the past five years, with the proportion of direct financing increasing by 2.8 percentage points to 31.6% [5] - The foreign exchange bureau has facilitated over 5.6 billion transactions related to cross-border e-commerce since the beginning of the "14th Five-Year Plan," enhancing the efficiency of trade foreign exchange receipts and payments [5]

Group 1 - The core viewpoint of the news is that during the "14th Five-Year Plan" period, China's financial sector has achieved significant accomplishments, with a stable financial system and improved financial services for the real economy [1] - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first in the world; the stock and bond market sizes rank second globally; and foreign exchange reserves have maintained the world's largest position for 20 consecutive years [1] - The average annual growth rates for loans to technology-based SMEs, inclusive finance for small and micro enterprises, and green loans exceeded 20% during the "14th Five-Year Plan" period [1] Group 2 - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy through various means such as credit, bonds, and equity [1] - The average annual growth rates for loans in scientific research technology, medium to long-term loans for manufacturing, and infrastructure loans were 27.2%, 21.7%, and 10.1%, respectively [1] - The capital market is accelerating its service to technological innovation, with the market capitalization of the A-share technology sector exceeding 25% [2] - The number of technology companies among the top 50 by market capitalization in the A-share market increased from 18 at the end of the "13th Five-Year Plan" to 24 currently [2]

Financial System Overview - The overall financial system in China is stable, with healthy financial institutions and smooth market operations [1] - As of June 2023, total assets of the banking sector reached nearly 470 trillion yuan, ranking first globally [1] - The banking and insurance sectors have total assets exceeding 500 trillion yuan, with an average annual growth of 9% over the past five years [2] Economic Support and Funding - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy, with significant growth in loans for research, manufacturing, and infrastructure [2] - The average annual growth rates for loans in key areas are 27.2% for research technology, 21.7% for manufacturing, and 10.1% for infrastructure [2] Capital Market Developments - In the last five years, total financing through stock and bond markets reached 57.5 trillion yuan, with the proportion of direct financing increasing to 31.6% [3] - The market capitalization of technology companies in A-shares has risen to over 25%, surpassing the combined market capitalization of banking, non-bank financial, and real estate sectors [3] - Companies listed on the stock market have significantly increased their return to investors, distributing a total of 10.6 trillion yuan through dividends and buybacks, an increase of over 80% compared to the previous five years [3] Market Resilience - The A-share market has shown improved resilience and risk resistance, with the annualized volatility of the Shanghai Composite Index decreasing by 2.8 percentage points to 15.9% [4] - By the end of August 2023, various long-term funds held approximately 21.4 trillion yuan of A-share market capitalization, a 32% increase from the end of the previous five-year plan [5] International Engagement - There has been active cross-border investment, with foreign institutions and individuals holding over 10 trillion yuan in domestic stocks, bonds, and deposits as of July [7] - The use of the renminbi in cross-border trade has increased from 16% to nearly 30%, indicating enhanced resilience in the foreign exchange market [7]

Group 1 - The market capitalization of the technology sector in A-shares exceeds 25% [2] - The number of technology companies among the top 50 by market capitalization has increased from 18 to 24 since the end of the 13th Five-Year Plan [2] - The average annual growth rate of loans to technology-based small and medium-sized enterprises during the 14th Five-Year Plan period exceeds 20% [3] Group 2 - China's foreign exchange reserves have remained stable above $3 trillion since the beginning of the 14th Five-Year Plan, with recent figures above $3.2 trillion [4] - The total market value of A-shares held by various types of medium- and long-term funds has increased by 32% compared to the end of the 13th Five-Year Plan, reaching approximately 21.4 trillion yuan [5] - The People's Bank of China maintains a supportive monetary policy stance, focusing on internal and external balance while promoting liquidity and reducing financing costs [6]

作者：孙璐璐 贺觉渊 程丹 秦燕玲 国务院新闻办公室于今日下午3时，举行"高质量完成'十四五'规划"系列主题新闻发布会，中国人民银 行行长潘功胜，金融监管总局局长李云泽，中国证监会主席吴清，中国人民银行副行长、国家外汇局局 长朱鹤新介绍"十四五"时期金融业发展成就，并答记者问。 潘功胜 潘功胜：中国特色现代货币政策框架逐步形成 潘功胜在国新办新闻发布会上表示，"十四五"以来，我国金融服务实体经济质效大幅提升，坚持支持性 的货币政策立场，中国特色的现代货币政策框架逐步形成，政策传导更为有效。 潘功胜："十四五"时期科技型中小企业贷款、普惠小微贷款、绿色贷款年均增速超过20% 潘功胜表示，"十四五"时期，科技型中小企业贷款、普惠小微、绿色贷款年均增速超过20%。特别是 2024年9月中央政治局会议以来，中国人民银行按照中央部署，出台了一系列货币金融政策举措，有效 稳定市场预期、提振信心，推动经济持续回升向好和高质量发展。 潘功胜：目前我国金融体系总体稳健 潘功胜：我国在国际金融治理合作中的参与度、影响力、话语权显著提高 9月22日，在介绍"十四五"时期金融业发展成就时，中国人民银行行长潘功胜在国新办新闻发布会上表 ...

国务院新闻办公室于2025年9月22日（星期一）下午3时举行"高质量完成'十四五'规划"系列主题新闻发 布会，中国人民银行行长潘功胜，金融监管总局局长李云泽，中国证监会主席吴清，中国人民银行副行 长、国家外汇局局长朱鹤新介绍"十四五"时期金融业发展成就，并答记者问。 潘功胜：今日发布会主要介绍十四五时期金融业发展情况， 不涉及短期政策调整 潘功胜表示，今天的新闻发布会的主题是介绍十四五时期金融业的发展情况，主要是从中长期的视角回 顾和总结"十四五"，不涉及短期政策的调整，关于"十五五"以及下一步金融改革的内容，将在中央统一 部署后给做进一步沟通。 潘功胜：目前我国金融体系总体稳健 潘功胜表示，目前我国金融体系总体稳健，金融机构总体健康，金融市场运行平稳。 潘功胜："十四五"时期科技型中小企业贷款、普惠小微贷款、绿色贷款年均增速超过20% 潘功胜表示，"十四五"时期，科技型中小企业贷款、普惠小微、绿色贷款年均增速超过20%。特别是 2024年9月中央政治局会议以来，人民银行按照中央部署，出台了一系列货币金融政策举措，有效稳定 市场预期、提振信心，推动经济持续回升向好和高质量发展。 潘功胜：中国特色现代货币政策框 ...