11月27日，国家发展改革委召开月度新闻发布会。 国家发展改革委政策研究室副主任李超在新闻发布会上表示，《民营经济促进法》颁布施行以来，国家发展改革委会同各部门、各地方，从 多个方面推动法律实施。在健全配套措施方面，针对民营企业核心关切， 已推出140余项配套制度，推动《民营经济促进法》的各项要求落 实。 "一个案例胜过一打文件"，李超表示，通过把民营经济促进法的相关规定落实到具体案件中，不仅是要解决一家民营企业、一位企业家 的具体问题，更要为广大民营企业和企业家吃下法治的"定心丸"。下一步，国家发展改革委将用更大力度、更实举措、更多办法，持续不断 推动《民营经济促进法》学习宣传和实施。 来源丨国家发展改革委新闻发布会 编辑丨兰银帆 审核丨许晨辉 郑栅洁主任主持召开民营企业座谈会 就"十五五"时期服务业发展听取意见建议 等你来投！《清华金融评论》12月刊 " 黄金投资逻辑：历史周期与趋势演变 " 征稿启事 01 02 (+1) 小媒求你加·> 标 TSINGHUA PBCSF 法 Katal TSINGHUA Financial Revi 往期回顾 Review of Past Articles - 明传送的 ...

民营经济是社会主义市场经济的重要组成部分。截至2025年5月底，我国实有民营经济组织1.85亿户， 占经营主体总量的96.76%。其中，民营企业超5800万户，比"十三五"末增长超过40%。 公平竞争是市场经济的基本原则，是民营经济健康发展的基础和保障。今年5月20日起正式施行的《中 华人民共和国民营经济促进法》（下称"民营经济促进法"），首次将坚持"两个毫不动摇"写入法律，二 十余处使用"公平""平等""同等"等表述，明确国家坚持平等对待、公平竞争、同等保护、共同发展的原 则，促进民营经济发展壮大。民营经济组织与其他各类经济组织享有平等的法律地位、市场机会和发展 权利。 该法还设有"公平竞争"专章，在市场准入、生产要素和公共服务资源使用、公共资源交易、 反垄断和 反不正当竞争监管执法等方面作出明确规定，深入推进公平竞争政策实施。 值此民营经济促进法施行半周年之际，南方都市报、南都大数据研究院推出"e法同行 营商无忧"系列海 报之"促进公平竞争"篇，一起来看民营经济促进法如何营造公平竞争的良好环境，助力民营经济在新时 代新征程"大显身手"。 《民营经济促进法》第十条 国家实行全国统一的市场准入负面清单制度。市 ...

Core Insights - The launch of the Lianbo CSI 500 Index Enhanced Fund aims to provide investors with opportunities to participate in China's economic transformation and industrial upgrading [5][21] - The CSI 500 Index is characterized by a nearly 50% share of private enterprises, which significantly contribute to China's innovation and economic growth [3][8] - Lianbo employs a systematic approach to identify market patterns, aiming to achieve sustainable excess returns in the mid-cap stock sector [3][10] Investment Value of CSI 500 Index - The recent improvement in investor confidence is linked to a series of policy measures since the "9.24" event, enhancing the long-term investment value of the A-share market [6] - The dividend payout ratio in the A-share market has increased from approximately 30% to 40%, indicating a fundamental change that supports long-term investment [6] - The CSI 500 Index aligns with the national strategy of "new quality productivity," covering key sectors such as electronics, pharmaceuticals, and renewable energy [8] - The index's current dynamic P/E ratio is about 28 times, with a PEG ratio of approximately 0.87, suggesting reasonable valuation relative to growth expectations [8] Factor Exploration and Machine Learning - Lianbo integrates machine learning with quantitative investment strategies, emphasizing the importance of computational power in the asset management industry [11][14] - The firm focuses on a diverse set of factors rather than relying on "super factors," allowing for a more adaptable investment model [12][14] - The lifecycle of machine learning factors is shortening, necessitating continuous updates to maintain strategy effectiveness [14][15] Team Collaboration and Global Integration - Lianbo adopts an "industrialized" model in asset management, emphasizing standardized products, professional division of labor, and systematic quality control [17][18] - The collaboration between global teams and local practices enhances the firm's ability to adapt and innovate in the A-share market [19][20] - The firm aims to leverage global insights to build sustainable competitive advantages in a rapidly evolving market environment [20]

Core Viewpoint - Employment is fundamental to people's livelihoods and economic development, with a focus on stabilizing jobs being crucial for high-quality growth and common prosperity [1] Group 1: Employment Situation - In the first nine months of this year, urban new employment reached 88% of the annual target, and the urban surveyed unemployment rate decreased by 0.1 percentage points in September, indicating overall stability in the employment situation [1] - The shift from passive emergency responses to proactive and systematic employment governance reflects a significant change in macroeconomic policy considerations, emphasizing job creation as a core constraint [1][2] Group 2: Changes in Employment Market - There is a growing demand for high-skilled talent aligned with industrial upgrades, driven by the transformation of the manufacturing sector, which has created numerous new technical positions [2] - The rise of new economic forms, such as platform and sharing economies, has demonstrated strong job creation capabilities, acting as a reservoir for employment opportunities [2] - The service sector's contribution to employment continues to rise, with knowledge-intensive services becoming a key area for absorbing college graduates [2] Group 3: Policy Recommendations - Fiscal policies should enhance support for employment through job subsidies and vocational skill enhancement funds to help enterprises stabilize and expand jobs [3] - Monetary policies need to coordinate with employment policies, utilizing inclusive finance tools to assist small and micro enterprises in overcoming financing challenges [3] - Industrial policies should prioritize employment orientation, ensuring that industry upgrades do not lead to large-scale structural unemployment [3] Group 4: Targeted Support for Key Groups - Youth employment, particularly for college graduates, should be prioritized, with efforts to broaden market-oriented employment channels and stabilize public positions [4] - Continuous support for migrant workers is essential for rural revitalization and urbanization, including skills training and support for entrepreneurship [4] - Establishing a robust public employment service and unemployment insurance system is crucial for monitoring employment risks and providing timely assistance [4] Group 5: Business Environment Optimization - The stability of enterprises is vital for job stability, necessitating the implementation of policies that support the growth of the private economy and address challenges faced by private enterprises [4] - Removing barriers to the free movement of labor and talent across urban and rural areas is essential for a more efficient and orderly employment market [4] - Enhancing the legal framework for labor relations and ensuring the protection of workers' rights will promote harmonious labor relations [4]

民企院士"破壁"登场，不仅是个人荣誉，更是中国创新生态演进的重要里程碑，标志着我国科技创新体 系更加多元、更加包容，产业创新与民营经济在国家科技发展战略中的地位日益凸显。从产业创新的角 度，这一变革将推动科技创新与产业发展深度融合，提升创新成果的转化效能；从民营经济的角度，这 是民营经济创新实力的彰显，也是民营经济在国家发展大局中角色日益重要的体现。未来，随着创新生 态的持续优化，民营经济的创新活力将进一步迸发，产业创新的深度和广度将不断拓展，为我国实现高 水平科技自立自强、再造一个高技术产业提供强大支撑。在这一进程中，民营企业将继续扮演重要角 色，民企科研人才将在更大舞台上发光发热，共同书写中国科技创新与经济高质量发展的新篇章。 民企科学家当选院士，意味着我国对产业创新价值的重新认知和高度肯定。过去，科研成就的评价往往 更侧重学术论文、理论突破等显性指标，而民企科学家的研究成果多体现在技术专利、产品革新、产业 赋能等实践层面。此次评选打破了这种单一评价体系的局限，认可了实践创新、产业贡献在科技创新版 图中的重要地位，为广大扎根产业一线的科研工作者树立了标杆。这将进一步激发民营企业投身科技创 新的积极性，促使 ...

Core Viewpoint - The private economy is a vital force in advancing Chinese-style modernization and is an important foundation for high-quality development. The Shunyi Court aims to provide strong legal support for the high-quality development of the private economy by integrating judicial services with economic development needs [1][3]. Group 1: Judicial Support for Private Economy - The Shunyi Court held a news conference to discuss its actions in supporting the healthy development of the private economy, aligning with the decisions made at the 20th National Congress of the Communist Party of China [3]. - Since 2022, the Shunyi Court has seen a significant increase in cases involving private enterprises, with nearly 25,000 cases expected in 2024, accounting for about half of all cases, representing a 40% increase from 2022 [5]. Group 2: Characteristics of Disputes - The majority of disputes involving private enterprises are contract-related, with sales contract disputes being the most common. New types of cases, such as digital asset ownership disputes and AI application disputes, are also on the rise [7]. - Issues in corporate governance, such as insufficient financial transparency and lack of internal management systems, have led to conflicts among shareholders and governance deadlocks [7]. Group 3: Recommendations for Private Enterprises - Private enterprises are encouraged to strengthen contract lifecycle management, standardize contracts, and enhance risk monitoring to ensure transaction safety [7]. - Improving corporate governance structures and clarifying shareholder rights and responsibilities are essential to prevent internal control failures [7]. Group 4: Case Studies and Practical Solutions - The Shunyi Court has effectively resolved disputes through collaborative efforts with business associations and various mediation methods, demonstrating its commitment to supporting the private economy [9]. - In a specific case, a financing leasing company and an engineering company reached a mediation agreement within three days, showcasing the court's efficiency in dispute resolution [9][10]. Group 5: Future Directions - The Shunyi Court aims to further implement the spirit of the 20th National Congress in its judicial work, creating a stable, fair, transparent, and predictable legal environment for the private economy [12]. - The establishment of initiatives like "Enterprise E-Station" and "Legal Protection Service Team" reflects the court's proactive approach to fostering high-quality economic development [16].

【重点关注】 ·24日晚油价下调加满一箱油将少花2.5元 ·国家能源局：截至10月底全国累计发电装机容量同比增长17.3% ·市场监管总局：支持有条件的民营经济组织参与产业计量测试中心建设 【国内要闻】 ·受国际油价下跌影响，国内汽柴油价格将于11月24日24时起下调。据国家发展改革委价格监测中心监 测，本轮成品油调价周期内（11月10日—11月21日）国际油价波动下行。本次油价调整具体情况如下： 从11月24日24时起，国内汽、柴油每吨分别下调70元和65元。全国平均来看：92号汽油每升下调0.05 元，95号汽油每升下调0.06元，0号柴油每升下调0.06元。据记者计算，用92号汽油加满50升油箱将少花 2.5元。 ·11月24日，国家能源局发布1—10月份全国电力工业统计数据。截至10月底，全国累计发电装机容量 37.5亿千瓦，同比增长17.3%。其中，太阳能发电装机容量11.4亿千瓦，同比增长43.8%；风电装机容量 5.9亿千瓦，同比增长21.4%。1—10月份，全国发电设备累计平均利用2619小时，比上年同期降低260小 时。 ·市场监管总局印发《计量促进民营经济发展壮大若干措施》，其中指出，加强 ...

11月21日上午，省政府新闻办举行发布会，介绍省政协十三届三次会议重点提案督办情况。 "目前，省领导领办督办的15件重点提案以及联动督办的38件同类提案均已全部办复，答复满意率 100%，顺利完成了督办任务。"发布会上，省政协常委、副秘书长、研究室主任刘晓钟说，省领导和部 门负责同志分别带队，带领提案者和部分省政协委员，组成15个督办调研组，联合23个承办单位深入16 市64个单位、企业、村居、项目现场开展实地调研，组织召开15场重点提案办理协商座谈会，通过督办 察实情、听意见、解难题、增共识，将重点提案中的114条建议转化为345条具体措施。 "省政府主要领导同志领办督办'优化公平竞争环境 推进民营经济高质量发展'重点提案，彰显了省 委、省政府坚持'两个毫不动摇'、支持民营经济发展壮大的鲜明态度和坚定决心。我们充分吸收提案提 出的意见建议，着力在'立、破、服'上持续用力。"省发展改革委党组成员、副主任，济南新旧动能转 换起步区党工委副书记、管委会副主任滕双兴介绍，我省不断加强法治环境建设，坚决打破各种壁垒， 提升政务服务效能，从制度上保障民营企业公平参与市场竞争。 "省政协将《关于推进社区和家庭适老化改造的 ...

Economic Overview - The province's economy has maintained overall stability and progress, with a focus on releasing domestic demand potential, strengthening industrial support, promoting service industry development, and stabilizing foreign trade [1][2] Industrial Performance - The industrial added value for the first ten months increased by 7.7%, with 36 out of 41 industries experiencing growth, resulting in a growth rate of 87.8% [1] - Key industries such as automotive, electronics, and railway shipbuilding saw significant increases in added value, with growth rates of 17.8%, 14.7%, and 14.3% respectively [1][2] - The added value of the equipment manufacturing industry grew by 11.9%, surpassing the overall industrial growth rate by 4.2 percentage points [2] Service Sector Development - The revenue of the service industry increased by 5.1% in the first three quarters, with nine out of ten major sectors showing growth [1][2] - Notable growth was observed in leasing and business services, water and environmental management, and cultural and entertainment services, with revenue growth rates of 16.0%, 10.7%, and 10.5% respectively [1] Consumer Market Trends - The total retail sales of consumer goods grew by 5.4%, with retail sales above a certain threshold increasing by 6.2% [2] - Online retail sales through public networks reached 195.9 billion yuan, growing by 16.9%, which is 10.7 percentage points higher than the overall retail sales growth [2] Investment Insights - Fixed asset investment saw a structural optimization with a growth rate of 6.0%, supported by strong industrial investment [2] - Significant increases in investment were noted in the metal products industry (19.8%), general equipment manufacturing (28.3%), and automotive manufacturing (33.2%) [2] Foreign Trade Performance - The total import and export volume reached 2.88778 trillion yuan, growing by 4.7%, with exports increasing by 4.0% and imports by 5.7% [2] - Trade with countries involved in the "Belt and Road" initiative amounted to 1.85 trillion yuan, marking an 8.4% increase and accounting for 64.2% of the province's total trade [2] Private Sector Dynamics - The added value of private industrial enterprises grew by 9.3%, exceeding the overall industrial growth rate by 1.6 percentage points [3] - Retail sales from private commercial units increased by 7.4%, outpacing the overall retail sales growth by 1.2 percentage points [3] - Private enterprises accounted for 75.8% of the province's total import and export volume, amounting to 2.19 trillion yuan, with a growth rate of 6.4% [3] Social Welfare Investments - Investments in the social welfare sector increased significantly, with production and supply of electricity, heat, gas, and water growing by 21.6%, and investments in residential services and repairs rising by 13.2% [3]

Core Viewpoint - The Central Securities Depository and Clearing Company (CSDCC) is enhancing its role in the Guangdong-Hong Kong-Macao Greater Bay Area by establishing a Shenzhen branch, focusing on bond market services and green finance innovation [1][2]. Group 1: Company Functions and Strategies - CSDCC plays a crucial role in supporting the development of the Greater Bay Area's bond market, including participation in the initial operations of the Macau Central Securities Custody and Clearing Institution [2]. - The company has established a financial technology innovation center and successfully completed a national blockchain innovation application pilot project, facilitating the issuance of digital bonds [2][3]. - CSDCC provides comprehensive lifecycle services for local government bonds, supporting the issuance of 13 trillion yuan in local bonds across South China and Southwest regions [3]. Group 2: Green Finance Initiatives - During the 14th Five-Year Plan period, CSDCC established a green finance innovation center in Shenzhen, focusing on developing green financial products and creating a green bond database, which is the first of its kind globally [4]. - The company has led the release of the first local standard for financial institutions' green investment and financing environmental information disclosure requirements [4]. Group 3: Support for Private Enterprises - CSDCC has developed a high-yield bond market construction plan tailored to the financing characteristics of private enterprises, particularly in the technology sector, which has received recognition from the Shenzhen Financial Society [5][6]. - The company has explored financial technology solutions to address the information asymmetry in bond financing for private enterprises, earning accolades for its research outcomes [7]. Group 4: Cross-Border Financial Cooperation - CSDCC collaborated on a study regarding the development of the Asian offshore technology innovation bond market, which received approval from regulatory authorities [8].