第十五届全运会不久前落下帷幕，赛场上运动员拼搏的身影令人印象深刻。赛场之外，一群被称为"小 海豚"的志愿者，同样成为一抹温暖而亮丽的记忆。他们用细致周到的服务，生动诠释了奉献、友爱、 互助、进步的志愿精神。 "本禹志愿服务队""郭明义爱心团队""'银龄行动'老年志愿者"……广大志愿者、志愿服务组织、志愿服 务工作者响应号召、砥砺奋进，以实际行动主动服务国家战略和百姓民生，参与社会治理，为推进中国 式现代化注入源源不断的磅礴力量。 党的十八大以来，以习近平同志为核心的党中央始终关心志愿服务事业发展，关爱广大志愿者。一系列 重要部署，为志愿服务事业指明前进方向、注入强大动力。 志愿服务，是不求回报的付出，是小我融入大我的情怀担当，闪耀着人性之美、文明之光。 人无精神不立，国无精神不强。中国式现代化是物质文明和精神文明相协调的现代化。志愿服务所弘扬 的"奉献、友爱、互助、进步"精神，正是精神文明的生动体现。 党的十八大以来，习近平总书记多次作出重要指示，强调"要在全社会广泛弘扬奉献、友爱、互助、进 步的志愿精神，更好发挥志愿服务的积极作用，促进社会文明进步""要为志愿服务搭建更多平台，更好 发挥志愿服务在社会治理中 ...

Core Viewpoint - The article emphasizes the importance of social security in ensuring the well-being of citizens, highlighting the transition from skepticism to active participation in pension schemes among the public [1][2][3]. Group 1: Pension System Development - The pension system in Gansu Province has evolved from pilot programs to widespread coverage, addressing initial public skepticism through effective communication and service [1][2]. - The first pension payments have been made on time, leading to increased voluntary participation in the pension scheme [2]. Group 2: Service Transformation - There has been a significant shift from a management-focused approach to a service-oriented model in social security, improving efficiency and customer satisfaction [2][3]. - Digitalization of services has streamlined processes, allowing for quicker retirement applications, with some completed in under five minutes [2]. Group 3: Social Impact - The social security system serves as a vital link between the government and the people, contributing to the common prosperity of all citizens [3]. - As of September 2023, the number of participants in various insurance schemes has reached significant figures: 1.074 billion in basic pension, 248 million in unemployment, and 304 million in work injury insurance, with a total of 1.327 billion in basic medical insurance expected for 2024 [3].

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session has approved the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development," emphasizing the strategic deployment for building a higher level of socialist rule of law in China [1] Group 1: Importance of Rule of Law - Comprehensive rule of law is fundamental and protective for the development of the party and the state, as highlighted in the new deployments and requirements from the 20th Central Committee [2] - The "Suggestions" include the goal of achieving a higher level of socialist rule of law during the 15th Five-Year Plan period, aligning with previous party goals and emphasizing the importance of rule of law in the overall strategic layout [2][3] Group 2: Key Principles and Tasks - The "Suggestions" introduce the principle of combining an effective market with an active government, stressing the need for a legal economy and a market-oriented, law-based international business environment [3] - The document outlines key tasks for rule of law construction, including promoting scientific legislation, strict law enforcement, fair justice, and public compliance with the law, integrating these into all areas of economic and social development [3][6] Group 3: Implementation and Development - The central government's focus on the rule of law is reinforced by the recent Central Comprehensive Rule of Law Work Conference, which aims to summarize and deploy comprehensive rule of law efforts for the current and future periods [4][5] - The emphasis on enhancing the legal system and ensuring that rule of law supports economic and social development reflects a commitment to modernizing governance and improving the legal framework [6][7] Group 4: Enhancing Public Welfare and Stability - Efforts will be made to improve laws related to social insurance, healthcare, education, and public safety, addressing urgent public concerns and enhancing the public's sense of legal rights [8] - The strategy includes maintaining safety and stability through comprehensive mechanisms for conflict resolution and community correction, ensuring effective law enforcement and public safety [8][9] Group 5: Promoting High-Level Openness - The plan emphasizes strengthening the foreign-related legal system and capabilities, aligning with international trade rules, and enhancing the quality of foreign legal services [9]

Core Insights - The development of the private equity market and regional equity markets in China is still in its early stages, facing systemic challenges that need to be addressed for growth [3][10] - The off-market capital market is crucial for the future trajectory of China's capital markets, as it directly influences the momentum of the stock market [4][5] Off-Market Capital Market Evolution - The off-market capital market is characterized by a diverse range of participants and significant potential scale, impacting the future of China's capital markets [4] - Internationally, off-market markets are evolving towards specialization, technological advancement, and regulatory collaboration, contrasting with the more liquid and transparent on-market exchanges [4] Regional Equity Market Development - The regional equity market in China began in the early 2010s and saw explosive growth in 2015, with over 40,000 companies listed by 2015 and currently 35 regional markets serving 170,000 enterprises [5] - The service offerings of regional equity markets have expanded significantly, now including a diverse range of products such as equity and bond trading, fund transfers, and employee stock ownership plans [5] Role of Private Equity and Venture Capital - The rise of private equity and venture capital in China reflects the evolution of off-market capital formation, with over 12,000 fund managers and a total fund size exceeding 14.3 trillion yuan by the end of 2024 [7] - In 2024, the private equity market completed over 8,408 investment cases, amounting to 638 billion yuan, with approximately 60% of funds directed towards strategic emerging industries [7] Opportunities and Challenges in Off-Market Capital Markets - The off-market capital market is positioned to support technological innovation and provide accessible equity services to a vast number of small and medium-sized enterprises (SMEs) [8][9] - The current challenges include information asymmetry, low trading efficiency, weak resource allocation capabilities, and limited exit options for investors [10][11] Recommendations for Improvement - To enhance the quality of the multi-tiered capital market, it is suggested to focus on improving equity services, refining exit mechanisms, and strengthening policy support [12][14] - Establishing a comprehensive equity service system and enhancing data collection and disclosure practices are essential for building a robust off-market capital market [12][13]

Core Points - The article emphasizes the importance of adhering to the people's standpoint in governance and development, as articulated by General Secretary Xi Jinping during his visit to Guangdong Province after the 20th Central Committee's Fourth Plenary Session [3][4][5] - The focus is on achieving common prosperity and improving the quality of life for all citizens as a primary goal of economic and social development in the upcoming "14th Five-Year Plan" [5][6] Group 1 - The visit to Meizhou highlights the historical significance of the region and the commitment to addressing imbalances in development, particularly in areas that have lagged behind [3] - Xi Jinping's declaration to "never forget the original intention" and to prioritize the people's needs reflects the party's enduring mission to enhance the well-being of citizens [3][4] - The "14th Five-Year Plan" aims to solidify the principle of "people first" and to ensure that the improvement of people's living standards is central to economic growth [4][5] Group 2 - The article outlines that common prosperity is a critical indicator for achieving the goal of socialist modernization by 2035, emphasizing the need for substantial progress in this area [5] - The "14th Five-Year Plan" stresses the integration of improving people's livelihoods with economic development, particularly through job creation and investment in education and social security [6] - The narrative underscores that the success of China's modernization efforts relies on the active participation and support of the people, reinforcing the idea that development must be rooted in the populace [6]

Core Viewpoint - The China Banking and Insurance Asset Management Association has been renamed to better integrate banking and insurance asset management sectors, marking a significant step in self-regulation and collaboration within the asset management industry in China [1][2]. Group 1: Association's Renaming and Objectives - The association's renaming to the China Banking and Insurance Asset Management Association aims to enhance self-regulation and promote collaboration between banking and insurance asset management institutions [1]. - The event was attended by over 200 representatives from various financial institutions, highlighting the importance of this transition for the industry [1]. Group 2: Strategic Focus and Development Goals - The association is urged to align with the strategic tasks of the 14th Five-Year Plan, focusing on national strategies and enhancing wealth management frameworks [2]. - Emphasis is placed on deepening reforms and innovations to stimulate new growth drivers within the banking and insurance asset management sectors [2]. Group 3: Governance and Operational Enhancements - The association is committed to strengthening political awareness, governance structures, and self-regulation to support industry stability and growth [2]. - The fourth council meeting approved various reports and elected new leadership, including Wang Yi as the president of the fourth council [3].

Core Viewpoint - The meeting of the China Colorful Undertakings Promotion Association emphasizes the importance of the colorful undertakings in serving the central tasks of the United Front, guided by the principles set forth by General Secretary Xi Jinping [1] Group 1: Key Messages from the Meeting - The Central Committee places high importance on the development of colorful undertakings, with significant guidance from Xi Jinping's important discussions [1] - The meeting aims to deepen the understanding of the decisive significance of the "Two Establishments" and to ensure adherence to the "Two Safeguards" among private entrepreneurs [1] - The association is encouraged to adapt to new situations and requirements in the work of the United Front related to the private economy, enhancing its own construction and promoting reform and innovation [1] Group 2: Organizational Developments - The meeting reviewed and approved the work report and the draft amendments to the constitution of the China Colorful Undertakings Promotion Association [1] - The seventh council leadership was elected, with Shen Ying being appointed as the president [1]

李云泽强调，银行保险资管机构要深入贯彻落实党的二十届四中全会精神，践行金融工作的政治性、人 民性，紧扣"十五五"时期的战略任务和重大举措，抓紧布局、科学谋划，深入做好金融"五篇大文章"。 要坚持人民至上，着力构建财富管理新格局，深化改革创新，不断激发行业发展"新动能"。要筑牢安全 防线，切实构筑稳健发展的"防火墙"，以行业高质量发展助力金融强国建设，为服务中国式现代化贡献 更大力量。 李云泽要求，协会要切实增强政治意识、大局意识、责任意识，持续加强规范管理，进一步发挥服务会 员、辅助监管作用。要全面加强党的建设，优化治理结构，强化自律管理，维护市场信誉，助力行业发 展行稳致远。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 韩宋辉）在11月26日的中国银行保险资产管理业协会更名暨第四届会员代 表大会上，金融监管总局局长李云泽表示，中国保险资产管理业协会更名为中国银行保险资产管理业协 会，将银行理财公司纳入自律管理和服务范围，是健全理财行业自律管理体系的重大举措，也是促进两 类资管机构协同发展的重要支撑，标志着我国银行保险资管行业自律管理进入了新阶段。 ...

Core Points - The article emphasizes the significant achievements in China's healthcare system from 2015 to 2025, highlighting the establishment of the largest medical service system, basic medical insurance system, and disease prevention system globally [3][5][7] - It underscores the importance of health in the context of modernization, as articulated by President Xi Jinping, positioning health as a priority for national development [3][7] - The article outlines various health indicators, such as a decrease in infant mortality rates and maternal mortality rates, showcasing China's progress in healthcare [10][16] Group 1: Health Achievements - By 2024, the infant mortality rate dropped to 4.0‰, and the maternal mortality rate reached 14.3 per 100,000, marking historical lows [10] - Over 90% of residents can access the nearest healthcare facility within 15 minutes, reflecting the accessibility of healthcare services [3] - The introduction of the HPV vaccine into the national immunization program is expected to benefit over 10 million girls annually, providing a strong defense against cervical cancer [5][7] Group 2: Policy and Strategy - The "14th Five-Year Plan" emphasizes accelerating the construction of a healthy China, mobilizing societal efforts to safeguard public health [4] - The "Healthy China 2030" initiative outlines long-term strategic planning for health, aiming to enhance public health services and increase financial support for healthcare [7][8] - The government is transitioning from a disease-centered approach to a health-centered approach, focusing on prevention and early treatment [7][10] Group 3: Healthcare System Development - By the end of 2024, there will be 1.09 million medical and health institutions nationwide, with significant investments in regional medical centers and mobile medical teams [16] - The implementation of cross-province medical insurance direct settlement services has benefited over 500 million people, reducing out-of-pocket expenses by over 550 billion [16][18] - The healthcare reform has led to a significant reduction in drug prices, with some medical supplies seeing price drops of over 50% [18] Group 4: Community and Preventive Health - The focus on integrating health into all policies aims to enhance community health services and preventive care [10][11] - Initiatives like the "Chronic Obstructive Pulmonary Disease (COPD) Prevention and Management Guidelines" aim to improve early detection and treatment of chronic diseases [10][11] - The promotion of traditional medicine and the establishment of community health monitoring systems are part of the broader strategy to enhance public health [27][29]

Core Viewpoint - The article discusses the key suggestions for Beijing's 15th Five-Year Plan, emphasizing the need for high-quality development, enhanced capital functions, improved public welfare, and strengthened governance in the context of socialist modernization by 2035 [2][3][4]. Group 1: Economic and Social Development Goals - The main goals for the 15th Five-Year Plan include continuous enhancement of capital functions, significant improvements in high-quality development, breakthroughs in comprehensive reforms, increased quality of life for citizens, and enhanced cultural influence of the capital [2][3][4]. - By 2035, the plan aims to significantly improve the capital's service capacity, economic strength, technological innovation, urban governance, and international influence, while achieving more balanced urban-rural development and greater happiness for the people [15]. Group 2: Strategic Focus Areas - The plan emphasizes the need to implement the capital's strategic positioning, enhance political center functions, and strengthen cultural and international exchange capabilities [3][4]. - It aims to deepen the coordinated development of the Beijing-Tianjin-Hebei region, promote the construction of a modern capital metropolitan area, and enhance the collaborative development of key sectors [4][20]. Group 3: Innovation and Industry Development - The plan calls for the development of new productive forces, integration of education, technology, and talent, and the establishment of a world-leading technology park in Zhongguancun [5][23]. - It aims to expand high-tech industries, promote the development of artificial intelligence, green advanced energy, and low-carbon industries, and accelerate the growth of strategic emerging industries [5][26]. Group 4: Public Welfare and Quality of Life - The plan focuses on improving public welfare, promoting employment and income growth, enhancing social security, and ensuring quality education and healthcare [4][40]. - It aims to address housing needs, improve food safety, and enhance services for the elderly and children [4][40]. Group 5: Environmental and Urban Governance - The plan emphasizes the construction of a beautiful Beijing, pollution prevention, and the promotion of green and low-carbon living [4][12]. - It aims to enhance urban governance efficiency, improve the quality of urban living, and ensure the safety and stability of the capital [4][12]. Group 6: Cultural Development - The plan seeks to stimulate cultural innovation, promote the core socialist values, and enhance the protection and transmission of historical culture [4][35]. - It aims to enrich public cultural services and promote the development of the cultural industry [4][35].