关注、加星，第一时间接收推送！ 文 | 赵伟、贾东旭、侯倩楠 联系人 | 贾东旭 摘要 在当前宏观政策积极发力稳增长的背景下，政策性金融工具备受关注。前两轮其成效显著，本轮新型工 具何时可能落地？资金投向又会有哪些新动向？本文分析，可供参考。 短期还有哪些稳增长工具值得期待？政策性金融工具或"呼之欲出"。 4月政治局会议对宏观政策做出新部署，货币政策率先在5月初落地，财政政策方面，政府债发行依旧保 持积极态势，短期内增量可能来源于政策性金融工具。 货币政策上，央行于 5月7日推出三大类货币政策 措施及十项具体举措。财政政策方面，除政府债净融资维持高位外，增量资金来源需关注政治局会议提 出的 "新型政策性金融工具"。 政策性金融工具可能在6月底落地，一方面源于发改委给出的指引，另一方面也和当前经济基本面稳健有 关。 国家发展改革委副主任表示，"力争6月底前下达2025年'两重'建设和中央预算内投资全部项目清 单，同时设立新型政策性金融工具。"另外，当前经济基本面表现稳健，5月乘联会乘用车零售同比 13.0%，出口相关指标也处于较高区间。 同时，5 月份以来，多地积极筹备项目并准备申报，召开新型政策性金融工具政策 ...

Group 1: Policy Developments - President Xi Jinping and President Trump discussed the importance of US-China relations, emphasizing the need for mutual respect and cooperation in economic matters [1][2] - The introduction of the "Regulations on Government Data Sharing" aims to enhance government digital governance and service efficiency, addressing the issue of "data silos" [2][3] - The Ministry of Finance and other departments announced a unified horizontal ecological compensation mechanism focusing on the Yangtze and Yellow River basins to improve ecological protection [4][5] Group 2: Urban Development Initiatives - The Ministry of Finance announced support for 20 cities, including Beijing and Tianjin, for urban renewal projects, with a total expected subsidy exceeding 20 billion [7][8] - The initiative aims to improve urban infrastructure and promote sustainable urban development through various financing methods [8] Group 3: Human Resources and Manufacturing Integration - The Ministry of Human Resources and Social Security launched a pilot program to integrate human resources services with the manufacturing sector, focusing on cities with advanced manufacturing bases [9][10] - The program aims to establish a standard system for human resources services in manufacturing and enhance regulatory measures against illegal practices [9][10]

县域沟通条块、连接城乡，既是统筹推进新型城镇化建设与乡村全面振兴的战略支点，又是破解城乡二 元结构、促进城乡要素双向流动、实现城乡融合发展的重要突破口。培育壮大县域经济，是扩大国内需 求、畅通国民经济循环的重要举措。今年的中央一号文件提出"着力壮大县域富民产业"，并对"发展各 具特色的县域经济"作出重要部署。大力发展县域经济已经成为当前和未来一个时期区域经济战略布局 中的重要任务。 大力发展县域经济为实现共同富裕探索重要路径。县域经济高质量发展能产生独特的经济效益与社会效 益，在推动基本公共服务均等化、促进农业转移人口高质量充分就业、有效缩小城乡收入差距等方面发 挥作用。一方面，县域通过发展特色农业、农产品加工业及乡村旅游等富民产业，能够增加农民的工资 性收入；通过土地流转、入股分红等，能够增加农民的财产性收入；通过县域内产业发展带动相关服务 业发展，能够拓宽农民的增收途径。另一方面，县域经济高质量发展使得县域具备更强的资源调配能 力，进而确保各项政策精准落地，进一步发挥县域在完善实施区域协调发展战略机制、构建优势互补的 区域经济布局和国土空间体系中的重要作用。 目前，受制于资源禀赋、基础设施、人才储备、技术 ...

Core Viewpoint - The article discusses the challenges posed by "involutionary" competition in the platform economy, particularly in the food delivery sector, highlighting the need for regulatory intervention to promote healthy competition and sustainable development [2][3][4]. Group 1: Current State of Competition - The rapid expansion of the platform economy has led to practices such as "choose one from two" and price wars, resulting in resource waste and unhealthy competition [2]. - Since April 2025, a new round of subsidy and price wars has emerged in the food delivery sector, affecting over 10 million delivery riders and involving millions of restaurants, making it a priority for regulatory action against "involution" [2][3]. Group 2: Impact on Industry Stakeholders - The reliance on high subsidies among platform companies has created a competitive environment that negatively impacts merchants, consumers, and delivery riders, leading to economic fluctuations and resource waste [4][5]. - Large brand merchants can absorb short-term low margins to gain market share, while small merchants face a dilemma of either matching subsidies or risking loss of visibility on platforms, potentially leading to closures [5][6]. Group 3: Long-term Sustainability Challenges - The current competition has led to irrational and homogeneous expansion in supply, particularly in the beverage sector, with a 37.5% increase in new openings in May 2025 compared to April [6]. - Continuous high subsidies are altering consumer price perceptions, leading to a cycle of low-price and low-quality offerings, which could harm the overall market and consumer trust [7][8]. Group 4: Recommendations for Healthy Development - Regulatory bodies are encouraged to implement measures to halt unfair competition driven by high subsidies, including penalties for platforms engaging in such practices [8][9]. - Strengthening the regulatory environment to combat false advertising and other market-distorting behaviors is essential for maintaining fair competition [9]. - Encouraging platforms to focus on innovation and global expansion rather than low-quality competition is vital for the long-term stability of the industry [9].

Core Viewpoint - The anticipation for the official announcement of the "new type of policy financial tools" is building, with local governments already conducting policy interpretation and project application meetings, indicating that the official announcement is imminent [1][2]. Group 1: Policy Financial Tools Overview - Local governments in 12 provinces, including Shandong, Hunan, and Hubei, have held meetings to discuss the new policy financial tools, aiming to seize opportunities in the upcoming policy framework [1]. - In 2022, three policy financial institutions created and deployed approximately 740 billion yuan (about 740 billion) in policy and development financial tools to support major project capital and bridge funding for special bond projects [1]. - The new tools are expected to be officially launched in the second quarter of 2023, as indicated by market research institutions [1]. Group 2: Support and Funding Mechanisms - The new tools are designed to address funding gaps in key areas such as new urbanization, agriculture, artificial intelligence, digital economy, and consumer infrastructure [3]. - Historical experience suggests that fiscal and monetary policies will provide necessary support for the new tools, with a focus on using monetary policy to supplement fiscal efforts, particularly through mechanisms like the Pledged Supplementary Lending (PSL) [2]. - Local governments are actively planning and reserving projects to maximize the benefits of the new tools, emphasizing the importance of leveraging social capital and expanding effective investment [4]. Group 3: Project Focus and Implementation - Specific areas of focus for project applications include industrial development, cultural tourism, agriculture, and urban construction, with local governments identifying priority projects in these sectors [3]. - The three main policy financial institutions involved in the new tools—China Development Bank, Agricultural Development Bank, and China Export-Import Bank—are actively participating in policy interpretation sessions to clarify eligibility and operational models [3]. - Local governments are urged to take advantage of the project application window to implement high-quality projects that translate policy potential into tangible development outcomes [4].

Core Viewpoint - Weihai City is prioritizing industrial economy as a key driver for economic growth, implementing a three-year action plan for new industrialization to enhance both speed and quality of industrial development [2][3]. Group 1: Industrial Economic Growth - The industrial added value of Weihai is projected to grow by 8.4% in 2024, surpassing the provincial growth rate by 0.1 percentage points [2]. - From January to April this year, the industrial added value increased by 8.5%, ranking sixth in the province, while the industrial operating income profit margin reached 6.8%, the highest in the province [2]. - The proportion of high-tech industry output in the total industrial output is expected to reach 73% in 2024, leading the province [2]. Group 2: Investment and Structural Changes - Industrial technological transformation investment grew by 16% from January to April, exceeding the provincial growth rate of 6.1% [2]. - The number of billion-dollar enterprises in the industrial sector increased from 2 in 2022 to 6, with a total of 857 high-quality enterprises recognized at the provincial level [2]. Group 3: Policy Implementation and Support - The Weihai Industrial and Information Technology Bureau is committed to implementing the "number one project" in industrial economy, focusing on policy measures and collaboration to drive industrial growth [3][10]. - A new round of incentives for enterprise expansion is being developed to support leading companies in achieving significant growth targets [4]. Group 4: Innovation and Digital Transformation - Weihai is focusing on integrating technology and industry, promoting collaborative innovation through partnerships between enterprises and research institutions [6][7]. - The city aims to enhance digital infrastructure, with plans to build over 900 new 5G base stations, facilitating the digital transformation of industries [8]. Group 5: Sustainable Development and Quality Improvement - Efforts are being made to enhance the competitiveness of manufacturing through high-end, green, and service-oriented strategies, including the promotion of quality management practices [9]. - The city plans to establish 20 green manufacturing demonstration units to support sustainable industrial practices [9].

Group 1 - The core viewpoint of the articles emphasizes the integration of AI technology with short video platforms, which is reshaping industry logic and driving social value creation [1][2][3] - AI models are being utilized to enhance user creativity, support rural revitalization, preserve cultural heritage, and promote the growth of small and medium-sized enterprises [1][2] - The digital economy in China is accelerating, with short video platforms creating significant employment opportunities and fostering new job roles such as online anchors and live recruitment specialists [2] Group 2 - AI technology is demonstrating dual value in social governance by filtering harmful content and creating innovative job opportunities through live streaming [2] - The introduction of non-heritage protection plans by platforms is allowing traditional skills to transcend geographical limitations, ensuring the preservation and commercialization of cultural heritage [2] - The company is exploring new paths for integrating social and commercial value through advanced technologies, aiming to create long-term value for users and partners [3]

以下文章来源于杭州钱塘企业出海服务基地 ，作者浙企出海 杭州钱塘企业出海服务基地 . 钱塘大江东，出海进行中 2025年6月10日，2025中国·北非（埃及）双向投资主题活动成功举办，特邀埃及驻上海总领事馆公使衔参赞对官方经济合作政策进行解 读，现场吉利汽车、卓翼智能、宁波银行等多家企业代表与专业服务商代表共同交流中埃产业合作机会。 出海的风，吹向苏伊士运河。 6月10日，"2025中国·北非（埃及）双向投资沙龙活动"在杭州钱塘区成功举行。 本次沙龙由钱塘区商务局和杭州钱塘新区建设投 资集团有限公司主办，聚焦北非投资机遇、产业发展合作和企业落地痛点等关键议题。 埃及驻上海总领事馆公使衔参赞伊曼·侯赛因（Eman Hussien）现场解读埃及经济政策与市场投资机会 ，吉利汽车集团、宁波银 行、北京卓翼智能科技有限公司作为优秀企业分享出海经验，并与现场参会的50多家出海企业进行深入互动交流。 在活动上，埃及驻上海总领事馆公使衔参赞伊曼·侯赛因（Eman Hussien）向参会嘉宾介绍了埃及的"2030 愿景"对于埃及经济增 长的重要性。 伊曼·侯赛因表示， 埃及正处于重要的经济转型十字路口，各领域新兴机会不断涌现 ...

Group 1: Financial Performance - The company reported a loss in Q1 2025 due to decreased revenue from military products and a significant payment received last year from a lawsuit settlement [2] - The smart terminal business showed overall growth in Q1 2025, expanding into new markets such as Fujian, Chongqing, and Guangxi [2][3] - The renewable energy business also experienced growth in Q1 2025, with a focus on cost control and enhancing smart manufacturing capabilities [7] Group 2: Business Strategy and Development - The company aims to leverage its partnership with GeSi Aerospace to explore opportunities in satellite user terminal and ground equipment businesses [4] - Plans for 2025 include focusing on intelligent and unmanned military equipment, enhancing technology in military support equipment, and achieving a 100% localization rate [5] - Future development will center around the strategic goal of building a "Technology Galaxy," emphasizing artificial intelligence, electronic information, and smart equipment [7] Group 3: Operational Challenges and Future Outlook - The investigation into Tongzhi Electromechanical is ongoing, with the company committed to improving its existing business management and planning future directions [6] - The company remains open to mergers, acquisitions, and refinancing opportunities based on specific project conditions [7] - The management team is focused on sustainable development through collaboration with specialized companies in artificial intelligence, satellite communication, and unmanned equipment [7]

尤为值得一提的是，大会设立的"星云奖（N-Award）"与"星盘奖（X-Award）"严格遵循《国家科学技 术奖励条例实施细则》的相关规定，并历经多年沉淀，已确立其在中国数字化转型领域的领导地位。其 中，"星云奖（N-Award）"聚焦"发掘数字化转型先锋力量"，旨在表彰在数字技术革新、组织变革及商 业模式重构中取得突破性成就的个人、团队与企业；"星盘奖（X-Award）"则立足"遴选产业数字化服 务典范"，重点评选为实体产业数字化转型提供核心支撑能力的服务机构、技术产品与解决方案品牌。 两个奖项通过深度对接国家"十四五"数字经济专项政策与产业扶持导向，并建立与国家级重大科技项 目、数字化转型示范工程的申报通道绑定机制，使获奖主体自动纳入政府优先支持名录，涵盖科技立 项、税收优惠、示范基地申报等专项支持，形成从行业认可到国家荣誉的价值跃升。 多年来，华东CIO大会凭借其卓越的组织能力、广泛的影响力以及高质量的参会阵容，已成为中国企业 数字化转型不可或缺的"思想策源地"与"实践加速器"。作为大会创新生态的核心载体之一，"星云奖 （N-Award）"与"星盘奖（X-Award）"通过表彰数字化转型先锋力量与产业服 ...