发挥超大规模市场优势 党的二十届四中全会通过的"十五五"规划建议将全国统一大市场建设纵深推进确立为"十五五"时期经济 社会发展的目标之一，提出建设强大国内市场，加快构建新发展格局，坚决破除阻碍全国统一大市场建 设卡点堵点。 如何准确理解把握全国统一大市场内涵？如何通过破除卡点堵点，纵深推进全国统一大市场建设？记者 就此采访了相关专家学者。 医保跨省域直结、网购跨平台支付、市场准入负面清单不断"瘦身"……近年来，全国统一大市场建设的 一系列制度成果，持续提升发展活力和民生温度。 超大规模且极具增长潜力的市场，是我国发展的优势所在。充分发挥这一优势，一个重要方面就是纵深 推进全国统一大市场建设，建成统一开放、竞争有序、制度完备、治理完善的高标准市场体系。 国务院发展研究中心市场经济研究所副所长刘涛认为，构建新发展格局的关键在于经济循环的畅通无 阻。必须用足用好超大规模市场优势，畅通国内大循环，形成对全球要素资源的强大吸引力，并以国际 循环提升国内大循环的效率和水平，为构建新发展格局提供坚实基础支撑。 "强大国内市场不仅指规模范围更大，更是指制度规则更完备、结构层次更优化、影响力与吸引力更强 的现代市场循环体系。" ...

Core Viewpoint - The book "New Currency Landscape" discusses the evolution of the international monetary system, the inherent contradictions of the existing system, and the progress and lessons of RMB internationalization, proposing strategies to advance it [1][2]. Group 1: Historical Context and Lessons - The authors highlight the historical experiences of the dollar's rise, yen internationalization, and euro's emergence, emphasizing the importance of maintaining domestic economic stability and independent monetary policy for RMB internationalization [2][3]. - The book provides a detailed account of how the Marshall Plan and Dodge Plan saved the Bretton Woods system and the dollar's international status, which is a unique perspective in domestic discourse [1][4]. Group 2: RMB Internationalization Strategies - The book suggests that cultivating and developing RMB pricing functions is crucial for its internationalization, with practical paths including promoting RMB pricing through economic aid to African countries, addressing trade deficits with neighboring countries, and facilitating commodity transactions [3][5]. - It argues that financial openness combined with a rigid exchange rate is a dangerous combination, indicating the need for careful consideration of the relationship between RMB internationalization and capital account liberalization [6]. Group 3: Current Challenges and Future Directions - The authors express that the failure of yen internationalization was largely due to the inability to maintain exchange rate stability, a challenge that has also affected RMB internationalization since 2015 due to depreciation and depreciation expectations [3][4]. - The book discusses the systemic risks associated with the diversification of reserve assets among countries, particularly in light of geopolitical tensions, suggesting that merely diversifying within traditional reserve currencies may not be sufficient [6][7].

Group 1 - The core idea of the news is the increasing integration of Shenzhen and Hong Kong through the development of the He Tao Shenzhen-Hong Kong Technology Innovation Cooperation Zone, which is becoming a hub for high-end research projects and technology companies [1][2] - The He Tao zone has attracted over 200 high-end research projects, more than 440 technology companies, and over 15,000 research personnel [1] - The zone aims to facilitate the flow of financial resources and has implemented initiatives such as the "Ke Hui Tong" pilot program to address challenges faced by foreign non-enterprise research institutions in opening funding accounts [1][2] Group 2 - The He Tao zone plans to implement national-level technology finance policies, exploring the establishment of cross-border dual-currency early-stage mother funds with venture capital from both the mainland and Hong Kong [2] - The zone has created a tax environment similar to Hong Kong, offering tax incentives, access to Hong Kong capital, and Shenzhen talent, making it competitive globally [2] - China Bank is collaborating with various stakeholders to optimize cross-border settlement, investment financing, and global fund management services, with a service reach exceeding 70% for key universities and research institutions in the He Tao zone [2]

"十五五"规划建议提出，推动大中小企业协同融通发展。这有利于打破企业规模壁垒，通过资源整合和 优势互补，增强创新效率、提升产业链韧性、稳定宏观经济。 （文章来源：经济日报） 大中小企业协同融通发展是提升宏观经济稳定性的重要路径。近年来，一批大企业带动链上中小企 业"出海"，畅通国内国际双循环；支撑中小企业吸纳就业，夯实民生基础；设立生产基地，吸引中小企 业积极靠拢，形成产业集群，支撑区域经济发展。大中小企业通过优化资源配置、分散系统性风险，携 手提升经济的稳定性和发展的持续性。 也要看到，大中小企业协同融通发展仍面临阻碍。从企业内部看，有些大企业开放资源的意愿不足，有 些中小企业技术水平和质量管控未能满足大企业要求。从外部环境看，要素市场存在壁垒，专业服务机 构短缺，信息不对称导致供需对接不畅，都影响了协同融通的进度。 大中小企业协同融通以市场、资本、技术、信息等互通共享作为基础。一方面，要通过政策引导与制度 保障增强企业协同融通的意愿和能力，比如，完善协同创新的激励举措，对联合攻关项目给予资金支 持。又如，优化产业链融资服务，从而鼓励大企业积极作为，用资源、经验赋能中小企业。另一方面， 要为企业协同融通搭建 ...

Core Viewpoint - Hainan aims to become a strong marine province by 2035, targeting a marine production value exceeding 1 trillion yuan and marine economy accounting for over half of the provincial GDP, reflecting a significant commitment to the national marine power strategy [1][3]. Group 1: Strategic Goals - The construction of a strong marine province is a critical strategic task for the rejuvenation of the Chinese nation, with Hainan positioned as a key player in this initiative [1]. - Hainan's provincial government emphasizes the need to leverage technological innovation and application to drive the development of deep-sea industries, aiming for high-quality growth in the marine economy [3][5]. Group 2: Resources and Advantages - Hainan controls approximately 2 million square kilometers of marine area and has a coastline exceeding 1,900 kilometers, providing a rich array of marine resources [2]. - The province's strategic location as a maritime hub connecting the Pacific and Indian Oceans, along with proximity to Hong Kong and Macau, enhances its role in international trade and cooperation [2]. Group 3: Economic Performance - In the first three quarters of the year, Hainan's marine production value surpassed 200 billion yuan, with a growth rate among the highest in coastal provinces, and the marine economy constituted 35.5% of the provincial GDP [2]. Group 4: Development Framework - Hainan's development strategy includes establishing three key areas: a deep-sea technology innovation hub, a modern marine industry cluster, and a center for international marine cooperation, leveraging its unique advantages [5]. - The province aims to maintain a balance between economic growth and ecological protection, ensuring that marine economic development is sustainable and environmentally friendly [6].

开放，是中国式现代化的鲜明标识和必然要求。"十四五" 规划期间，中国银行坚定服务构建新发 展格局，坚持以开放促改革、促发展，主动参与对接国际高标准经贸规则，在服务跨境经贸往来、扩展 全球布局等方面持续发力，金融支持开放能力取得显著提升。 扩大金融供给 激发外贸新动能 "十四五" 期间，我国外贸不仅 "做大了体量"，也 "做强了结构"，贸易强国建设步伐加快。中国银 行始终聚焦畅通国内国际双循环，有效提升跨境金融供给质量与效率，搭建多元对接平台，助力国内外 企业共享市场机遇。 围绕货物贸易、服务贸易和绿色贸易，持续提升跨境金融服务效率，投产"跨境汇款直通车""航运 在线通"等智能化产品，推广跨境收支便利化政策覆盖，完善包括订单、结算、融资、货运在内的全流 程服务。截至2025年三季度末，中国银行境内机构办理国际结算量超3.3万亿美元、跨境人民币结算量 13.2万亿元，市场份额稳居同业首位。 完善构建"全球化响应、全链条服务"外贸新业态金融服务体系，支持跨境电商、海外仓企业环球落 子。"十四五"期间，中国银行跨境电商结算规模增长超6倍。 助力提升人民币国际影响力，连续十三年发布《人民币国际化白皮书》和跨境人民币指数 ...

Core Viewpoint - The article emphasizes the importance of enhancing the inclusiveness and adaptability of China's capital market system as a strategic deployment for achieving high-quality development and modernizing the economy [2][3]. Group 1: Significance of Enhancing Capital Market System - The enhancement of the capital market system's inclusiveness and adaptability is crucial for better serving the development of new productive forces, as a vibrant capital market is key to promoting technological and industrial advancements [4]. - It is essential for ensuring that the benefits of development reach the broader population, with the capital market serving as a platform for over 200 million stock investors and 700 million fund investors to share in economic growth [4]. - This enhancement is a necessary requirement for promoting high-quality development of the capital market and building a strong financial nation, as it will improve market structure and quality, thereby increasing competitiveness and international influence [5]. Group 2: Principles for Enhancing Capital Market System - The work in the capital market must adhere to political and public interests, ensuring that the market maintains a correct development direction under the leadership of the Party [7]. - There should be better coordination between investment and financing, focusing on the overall balance and continuous quality improvement to facilitate the conversion of household savings into social investments [7]. - Reform and opening-up should be leveraged as key strategies to eliminate institutional barriers and stimulate market vitality, while ensuring a stable and predictable policy environment [7][8]. Group 3: Key Tasks and Measures - Actively develop direct financing through equity and bonds, enhancing the service capabilities for real enterprises and supporting the issuance of high-quality companies [10]. - Foster more high-quality listed companies by optimizing their structure and enhancing investment value, while encouraging cash dividends and buybacks [11]. - Create an attractive environment for long-term investments by establishing mechanisms that encourage the participation of long-term capital in the market [11]. - Improve the scientific and effective regulation of the capital market to adapt to rapid market changes and enhance stability [12]. - Gradually expand high-level institutional openness in the capital market to improve international competitiveness and facilitate efficient capital flow [13].

Core Insights - The upcoming 2025 Shenzhen Global Investment Conference highlights the city's vibrant openness and business attractiveness, particularly in the Qianhai area, which has shown significant foreign investment growth [2][12] - Qianhai has become a preferred destination for foreign enterprises entering the Chinese market, with a notable increase in foreign capital and the establishment of numerous foreign-funded companies [2][4] Foreign Investment Trends - From January to October this year, Qianhai attracted 16.1 billion yuan in foreign investment, marking a 27.1% year-on-year increase [2] - Qianhai's foreign investment accounts for 54.2% of Shenzhen's total and 19.0% of Guangdong's total [2] - Over 1,200 foreign-funded enterprises have been established in Qianhai this year, with 183 Fortune 500 companies operating in the area [2][4] Business Environment and Regulations - Qianhai has implemented a regional investor protection regulation, allowing foreign enterprises to specify foreign laws in contracts for dispute resolution [5] - The area has established a market-oriented, law-based, and international business environment, with a focus on legal frameworks that support foreign investment [5] Connectivity and Infrastructure - Qianhai is strategically located in the Guangdong-Hong Kong-Macao Greater Bay Area, featuring one international airport, six port terminals, and five open ports, enhancing its connectivity [7] - The region promotes "soft connectivity" by facilitating the cross-border flow of talent, data, and capital, making it a key hub for international trade and investment [8] Talent Attraction and Quality of Life - Qianhai has launched initiatives to attract international talent, including a "Shenzhen-Hong Kong 72-hour experience voucher" and the release of 30,000 competitive job positions [11][12] - The area offers favorable tax policies and a range of international amenities, making it an attractive place for both business and living [11][12] Future Outlook - Qianhai aims to lead high-quality development and high-level openness, focusing on attracting foreign investment in service trade and technological innovation [9][12] - The region's continuous growth and development are positioned to offer global opportunities, inviting international businesses to explore the Chinese market [12]

冰雪，正以前所未有的热度，改写中国旅游经济的季节叙事。曾经局限于北国冬日的"冷资源"，如今已跃升为贯通四季、链接内外的"热经济"。在政策引 导与市场创新的双轮驱动下，冰雪旅游不仅打破了淡旺季的壁垒，更成为推动消费升级、促进产业融合、服务国家"双循环"新发展格局的重要力量。近 日，基于携程平台数据与行业观察的冰雪游前瞻显示，中国冰雪产业正从规模扩张的初期，迈入以结构优化、模式创新、内外循环为特征的新周期。 冰雪经济基本盘持续扩大，消费活力喷薄 冰雪旅游的市场规模正迎来质的飞跃。根据《中国滑雪产业白皮书2024-2025》数据，全国滑雪场数量已达748家，冬季滑雪人次突破2605万，同比增长 12.9%。这意味着，冰雪运动正从小众爱好走向大众生活，形成坚实的市场基本盘。 以哈尔滨为例，今冬其冰雪大世界园区规模再创新高，彰显出目的地打造世界级冰雪品牌的雄心。市场的火热在预订数据上得到直观印证：携程平台数据 显示，截至目前，11月至明年2月，国内滑雪及冰雪景区门票预订量同比激增约70%，海外相关预订也增长50%。尤其在滑雪项目上，11月以来，国内雪 场门票预订量同比增幅高达近2.2倍，套票产品更受青睐，反映出游客对深 ...

Core Viewpoint - Tianjin has accelerated the cultivation of new momentum in foreign trade, achieving stable quantity and quality in its trade activities over the past five years [1][4]. Group 1: Trade Performance - Tianjin's goods trade scale has reached new heights, with an average annual growth rate of 2.5% in import and export volume [1][3]. - The number of enterprises with import and export performance exceeds 13,000, showing continuous growth for three consecutive years [1][3]. - The trade structure has been upgraded and optimized, with private enterprises surpassing foreign enterprises to become the largest trade entity [3]. Group 2: Product and Market Diversification - The added value of exported products has increased, with the proportion of electromechanical products rising to 66.5% [3]. - The export scale of second-hand cars ranks among the top in the country, and the import value of aircraft and components is the highest nationwide this year [3]. - Trade with 232 countries and regions has been established, with exports to Belt and Road countries and Shanghai Cooperation Organization countries growing at annual rates of 9.1% and 15.7%, respectively [3]. Group 3: Investment and International Cooperation - Tianjin is actively expanding its two-way investment space, with international cooperation in production and supply chains deepening [3][4]. - The actual use of foreign investment is expected to exceed $26 billion over five years, with significant projects like the Airbus A320 assembly line and Novo Nordisk's sterile filling plant making substantial progress [3][4]. - A total of 1,368 overseas enterprises have been established, with Chinese investment amounting to $40.6 billion across 96 countries and regions [3]. Group 4: Future Plans - Tianjin plans to expand high-level opening up and become a strategic pivot connecting domestic and international dual circulation in northern China [4]. - The city aims to enhance its free trade zone strategy, conduct pressure tests for international high-standard economic and trade rules, and deepen innovation with national economic development zones [4]. - There will be a push for foreign trade innovation, fostering new foreign trade formats such as cross-border e-commerce and digital trade, while enhancing the regional distribution and value-added functions of imported goods [4].