Core Insights - The Guangdong branch of Bank of Communications is committed to supporting the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area through innovative financial services and green transformation initiatives [1][2][3]. Financial Services and Innovation - The bank has established a service structure that includes "centers + special teams + technology-focused branches" to enhance support for technology innovation [2]. - A new evaluation model for technology enterprises has been developed, allowing for better identification of innovation capabilities and financing needs, thus expanding financing opportunities for tech companies [2][3]. - The bank's technology enterprise loans increased by 12.8% year-on-year as of November 2025, maintaining a double-digit growth rate over the past three years [3]. Green Finance Initiatives - The bank has launched innovative financial products like "Lychee Loan" to support the agricultural sector, demonstrating its commitment to green finance [4][5]. - A dedicated green finance center has been established, and the bank has initiated several pioneering green financing projects, including loans for the ceramic industry and carbon credit financing [4]. - Green loans increased by approximately 18% year-to-date as of November, contributing to ecological and marine development in Guangdong [5]. Inclusive Finance - The bank has implemented initiatives to enhance financial accessibility, including the "Thousand Enterprises and Ten Thousand Households" outreach program, promoting various loan products tailored for small and micro enterprises [6][7]. - The average annual growth rate of inclusive loans has exceeded 30% over the past three years, providing substantial support to small businesses [7]. Elderly Care and Social Services - The bank has developed "elder-friendly" branches and partnered with social security services to enhance financial accessibility for the elderly [9]. - It has established 50 elder-friendly branches and introduced various financial products aimed at supporting the elderly population [9]. Digital Transformation - The bank has integrated digital services into its operations, deploying over a thousand "Yue Zhi Zhu" government service machines in rural areas to enhance financial service accessibility [10]. - The bank has also collaborated with local electric vehicle manufacturers to create an integrated credit service project, facilitating over 1.4 billion yuan in loans for green transportation [11]. - The application of digital currency is expanding, enhancing consumer experiences in various sectors [11].

数字，为这一派生机景象提供了最有力的注脚："十四五"期间，红桥区民营经济增加值4年间增长超过 44%，年均增速高达9.6%。今年上半年，民营经济占全区地区生产总值的比重已达49.7%。这个沉甸甸 的数字，是民营经济活力最强劲的脉搏，是区域发展画卷上最亮眼的笔触，未来更加可期。 （来源：天津日报） 转自：天津日报 在红桥区，民营经济的活力，是能"听"到、"看"到的。 走进光荣道科技产业园，打桩机铿锵的节奏，仿佛是这片土地最强劲的心跳。艺点意创总部建设项目加 速推进，它将被打造为京津冀同城商务区蓝图上的又一科创地标。园区外，圣威科技获我市首例涉及生 态环境保护监测和调度的数据知识产权；异乡好居2025年交易规模超100亿元，3年间实现翻倍……这些 从红桥区的土壤里孕育、壮大的民营企业，正以肉眼可见的速度"拔节生长"。 红桥区民营经济快速崛起的秘诀何在？答案就写在政府从"管理者"到"服务者"的深刻角色转变之中。近 年来，一场以企业需求为中心、不断升级的"服务革命"，正为这片区域的经济生态注入源源不断的暖 流。 服务的温度 从"企业找政策"到"政策找企业" 政策的生命力在于精准落地。"再好的政策，若躺在文件柜里，也只 ...

（来源：天津日报） 转自：天津日报 会上，天津大学校长柴立元、全国妇联原副主席孟晓驷、商务部研究院学术委员会秘书长过聚荣作主旨 演讲。中国民间商会副会长、全联女企业家商会会长张荣华致辞，全国工商联副主席、全联女企业家商 会荣誉会长何超琼视频致辞。全联女企业家商会与天津滨海高新技术产业开发区协作打造的综合性服务 平台"津帼会客厅"项目揭幕。与会代表聚焦数字经济、科技创新、产业升级等领域开展圆桌对话。会 前，全联女企业家商会召开七届三次理事会。 会议希望，全联女企业家商会深入学习贯彻党的二十届四中全会精神，发挥桥梁纽带作用，引领更多女 企业家关注天津、投资天津、扎根天津，共享天津发展机遇。天津市委、市政府将为企业家提供更优质 的服务、更有力的支持，让大家安心创业、舒心发展、开心生活。 市有关部门负责同志，政界、商界、学术界、金融界等领域代表以及优秀女企业家代表约500人参加。 本报讯（记者 刘平）12月25日，由全国工商联女企业家商会主办的"融合蝶变 同向同行——奔赴'十五 五'"首届女性领导力大会在我市举办。市委副书记刘桂平会见与会企业家代表。全国工商联副主席汪鸿 雁，中国妇女发展基金会理事长杜芮，市委常委、市 ...

Core Insights - New quality productivity, driven by technological breakthroughs and aimed at enhancing total factor productivity, is fundamentally reshaping the underlying logic of A-share market segmentation [1][2] - Analysts believe that under the resonance of policy dividends, technological breakthroughs, and market demand, sectors related to new quality productivity are performing well, with core technology areas becoming the focus of capital allocation [1][3] Restructuring A-share Market Segmentation - New quality productivity is characterized by revolutionary technological breakthroughs, innovative allocation of production factors, and deep industrial transformation, optimizing labor, materials, and their combinations to enhance total factor productivity [1][2] - The core features of new quality productivity include alignment with strategic emerging industries, a minimum of 5% R&D investment relative to revenue, a minimum of 10% R&D personnel ratio, and a compound annual revenue growth rate of 20% over the past three years [1][2] Investment Paradigm Shift - The segmentation of new quality productivity is based on "technological barriers + growth potential + policy alignment," contrasting with traditional productivity, which focuses on "resource endowment + production capacity + cyclical attributes" [2][3] - This shift allows A-shares to transition from a stock-picking era to a track-selection era, emphasizing dynamic capture of technological innovations driving industrial changes [2][3] Performance of New Quality Productivity Sectors - By the end of 2025, the new quality productivity sector significantly outperformed the market, with the comprehensive index rising by 43.60%, surpassing the CSI 300 index [3][4] - Key sectors such as electric equipment and defense industries showed strong momentum, driven by policy, technology, and market factors [3][4] Policy and Technological Support - The "14th Five-Year Plan" emphasizes accelerating high-level technological self-reliance, providing a stable policy outlook for the sector [4][5] - Significant technological advancements in areas like solid-state batteries and commercial aerospace are creating a positive feedback loop of market enthusiasm and capital allocation [5][6] Focus Areas for 2026 - Analysts identify three main investment directions for 2026: technology implementation, energy infrastructure, and manufacturing upgrades [6][7] - The AI sector is expected to transition from model competition to application implementation, with hardware showing strong potential due to solid fundamentals [6][7] - Energy infrastructure upgrades, particularly in smart grids and energy storage, are anticipated to provide significant opportunities as market-driven transformations take place [7][8] - The manufacturing sector is poised for growth through the localization of industrial software and the digital transformation of traditional industries, driven by technological empowerment [7][8]

Group 1 - The core message emphasizes the commitment of the Ping'an District to implement the economic work meeting's spirit, focusing on high-quality development and efficient governance to ensure a strong start for the 14th Five-Year Plan [1] - The district aims to strengthen domestic demand by attracting renowned automotive brands and enhancing consumer activities, with plans for 160 promotional events and the establishment of 20 new brand flagship stores [1] - The district has set ambitious targets for project implementation, with 160 new contracts signed for projects over 100 million and over 200 projects expected to resume or commence construction [1] Group 2 - Innovation-driven growth is prioritized, with support for the establishment of key laboratories and innovation platforms, and a focus on emerging industries such as artificial intelligence and digital economy [2] - The district is enhancing its business environment through reforms, aiming for over 90% of services to be "one-time no-run" and promoting the growth of state-owned enterprises with a target of over 5% revenue increase [2] - The district is committed to improving living standards by upgrading urban infrastructure, creating over 600 new parking spaces, and increasing employment opportunities by over 16,000 [3]

Core Viewpoint - The article emphasizes the importance of guiding the cross-border layout of industrial and supply chains, highlighting that "going global" is a natural economic progression for major countries, and it is essential to focus on Gross National Income (GNI) alongside Gross Domestic Product (GDP) to foster international cooperation in supply chains and promote China's modernization [1][2]. Group 1: Current Status of China's Global Investment - Since the 18th National Congress, China has accelerated its integration into global industrial and supply chains, solidifying its position as a major investment country, with foreign direct investment projected to reach $192.2 billion in 2024, maintaining a top-three global ranking for 13 consecutive years [2]. - By the end of 2024, China's cumulative foreign investment is expected to exceed $3 trillion, with over 52,000 enterprises established abroad across 190 countries and regions, and total overseas assets exceeding $9 trillion [2]. - China's foreign investment has supported domestic development, facilitated the internationalization of products and services, and contributed positively to the host countries' livelihoods, while also enhancing global supply chain stability [2]. Group 2: Strategic Recommendations for Overseas Investment - Effective management of foreign investment is crucial, which includes improving the legal framework, enhancing regulatory systems, and integrating trade and investment to expand overseas marketing networks [3]. - Optimizing the overseas comprehensive service system is necessary, which involves upgrading public services and enhancing capabilities in legal, financial, and consulting services to support enterprises going global [3]. - Expanding the functionality of overseas economic and trade cooperation zones is recommended, focusing on infrastructure development and collaboration with domestic parks to better serve domestic industrial upgrades and international cooperation [4]. Group 3: Strengthening Partnerships and Risk Management - Establishing a robust network of partners in the industrial and supply chain is essential, promoting cooperation in green development, digital economy, and other emerging sectors to optimize global resource allocation [4]. - A comprehensive overseas risk prevention and interest protection system should be developed, including risk assessments and timely warnings to guide enterprises in avoiding high-risk areas and ensuring compliance in overseas operations [4].

中经记者 谭伦 北京报道 即将突破35亿连接数之际，中国物联网产业发展持续保持强劲势头。 近日发布的 Counterpoint Researc最新研报显示，2025年第三季度，全球蜂窝物联网模组出货量同比增长 10%。其中，中国市场同比增长7%，主要由智能电表、POS终端和基于Cat-1 bis的部署拉动。 从厂商格局看，中国企业表现亮眼，移远通信持续领跑全球，中国移动、日海智能（维权）稳居前三， 利尔达以73%的同比增速实现跨越式增长，其Cat-1 bis模组在韩国及东南亚市场快速渗透。在芯片领 域，翱捷、紫光展锐、上海移芯也进一步巩固Cat-1 bis领域的领先地位，产业权重持续提升。 如此的发展态势，显示出背后中国物联网产业的兴盛。在日前举行的2025世界物联网大会期间，大会执 委会主席何绪明透露，今年我国物联网连接数有望突破35亿。目前，中国物联网基础建设和数字经济创 新已成为全球第一，建成承载物联网的5G基站近480万个，具备万物智联高级数字经济条件的企业超过 120万家。 受此推动，我国物联网通信技术正从5G向6G、星链、量子通信快速迈进。据其预估，2025年中国数字 经济年产值有望超过80万亿元 ...

Core Viewpoint - The article emphasizes the importance of advancing the construction of a digital China as outlined in the 20th Central Committee's Fourth Plenary Session, highlighting its role in enhancing new productive forces and driving economic and social development [1][2]. Group 1: Digital Economy and New Productive Forces - The construction of a digital China is crucial for fostering new productive forces across various sectors, enabling breakthroughs in technology, application scenarios, and industrial upgrades [2][3]. - By 2024, national data production is expected to reach 41.06 zettabytes, with over 400,000 data enterprises and a data industry scale of 5.86 trillion yuan, indicating a growing recognition of the value of data elements [3]. - The strategic deployment around digital economy aims to leverage China's advantages in data resources, infrastructure, and application scenarios to promote deep integration of the real economy and digital economy [4]. Group 2: Empowerment through Digitalization - The rapid penetration of intelligent technologies, particularly artificial intelligence, into various fields is unprecedented, necessitating a focus on digitalization in modern industrial systems and public services [5][6]. - Digitalization is expected to enhance public service systems, breaking geographical and resource distribution barriers, thus improving access to quality services for all citizens [6]. - The article outlines the need for digital trade innovation and the promotion of secure cross-border data flow to expand cooperation in digital economy and artificial intelligence [7]. Group 3: Data Infrastructure and Market Reform - The National Data Bureau plans to enhance the data infrastructure and market reform to better utilize data elements, focusing on establishing a robust data property rights system and promoting market-oriented data allocation [8][9]. - Key initiatives include improving data infrastructure, enhancing data application, and fostering a vibrant data industry ecosystem through supportive policies [9][10]. - International cooperation in data governance and cross-border data flow is emphasized to build trust and facilitate orderly data movement [10].

吴绪亮从宏观视角解读"智能经济的宏观框架与产业逻辑"，指出在全球经济下行背景下，大模型等人工 智能技术成为重塑增长方式的关键变量。他表示，智能经济需通过云计算赋能传统产业升级，同时要应 对生产率提升、就业冲击等关键问题，需依托制度创新与资本市场支持实现健康发展。 2025年12月20日下午，"中国式现代化新征程中的数字经济与未来产业发展"研讨会暨《深圳数字经济发 展创新报告(2025)》发布会在中国人民大学深圳研究院前海院区成功举行。作为中国人民大学深圳论坛 2025的重要活动，本次会议由中国人民大学社会科学高等研究院(深圳)数字经济研究中心、中国人民大 学深圳研究院科技金融与数字经济研究中心联合主办，产学研界专家齐聚一堂，为"十五五"时期数字经 济高质量发展建言献策。 中国人民大学社会科学高等研究院(深圳)数字经济研究中心首席专家刘守英、腾讯研究院资深专家吴绪 亮、中国信息通信研究院政策与经济研究所所长辛勇飞等知名学者，以及深圳智慧城市科技发展集团、 杰创智能（301248）等企业代表出席，共同探讨数字经济与未来产业的深度融合之道。 主旨演讲环节由中国人民大学经济学院副院长李三希主持。刘守英以"现代化产业体 ...

Core Insights - Anhui Province is accelerating its digital transformation as a pilot for the national data element comprehensive experimental zone, with the digital economy core industry revenue expected to exceed 1 trillion yuan for the first time during the 14th Five-Year Plan period, reaching an estimated 1.3 trillion yuan by 2025, with an average annual growth rate of 12% [1] Group 1 - The first domestic fifth-generation ultra-low power double-speed dynamic random-access memory has achieved mass production, and the "Zuchongzhi No. 3" quantum computing prototype leads globally [1] - Key core technology breakthroughs are being implemented, with the establishment of high-level research institutions such as data space and artificial intelligence research institutes to accelerate the output of digital technology innovation [1] - The digital core industry is focusing on extending, supplementing, and strengthening industrial chains, with over 2,200 enterprises gathered in strategic emerging industry clusters, including integrated circuits, new display devices, and artificial intelligence, expected to generate over 350 billion yuan in revenue by 2025, doubling from the end of the 13th Five-Year Plan [1] Group 2 - All industrial enterprises above designated size in Anhui have initiated digital transformation, while the province actively cultivates new models and formats such as live e-commerce and short video e-commerce, exploring new digital consumption scenarios [2] - The province's online retail sales are projected to grow from 300 billion yuan in 2021 to nearly 500 billion yuan by 2024, with an average annual growth rate of 16.9% [2] - The agricultural production informationization rate in Anhui has reached over 52%, ranking among the top in the country [2]