见闻 618 · 活动进行 中 新人 9元 解锁 VIP 长按 图片 识别 二维码 进入主会场 高盛最新发布的三部曲研究报告显示，中国正在酝酿属于自己的"七姐妹"。 据追风交易台消息，高盛策略团队近日发布重磅研究， 首次提出高中国"民营十巨头"（Chinese Prominent 10）的概念，将腾讯、阿里巴巴、小米等十家民 营企业巨头直接对标美国"美股七姐妹"（Magnificent 7）， 意在挖掘中国股市中具备长期霸主潜力的核心资产。 报告显示，这十家企业横跨科技、消费、汽车等高增长领域，代表了中国经济的"新动能"——人工智能、自主创新、全球化扩张及服务消费升级。公司总市值 高达1.6万亿美元，占据MSCI中国指数42%的权重，预计未来两年盈利复合年增长率达13%。 高盛认为，中国"民营十巨头"具备类似"美股七姐妹"的市场主导潜力，可能在未来进一步提升中国股市的集中度，改变投资者对中国资产的认知。 "民营十巨头"覆盖多个行业，增长潜力与合理定价并存 高盛筛选出的"民营十巨头"包括： 腾讯（市值6010亿美元）、阿里巴巴（2890亿美元）、小米（1460亿美元）、比亚迪（1210亿美元）、美团（1020亿 ...

中国发展网讯 近年来，面对复杂多变的经济形势和民营企业发展诉求，湖南省郴州市永兴县以刀刃向 内的改革勇气和精准务实的创新举措，努力为民营企业打造负担更轻、效率更高、预期更稳的发展沃 土。 聚焦"融资易"，降低经营成本。创新开展园区工业厂房分栋（层、间）登记改革，为金润等19家企业办 理131栋厂房分栋登记，帮助企业融资金额5.74亿元，切实解决园区企业厂房需要分割土地才能办理不 动产转移的瓶颈问题。截至4月底，全县贷款余额增速21.49%，居全市第1。全面推广"三零""三省"服 务，对139家小微企业推行"零投资"节省报装费用930万元。积极推进工业用地弹性供应政策，提高工业 用地节约集约利用水平，实现弹性供地9宗，为企业节约用地成本3887万元。 聚焦"主体强"，加快企业育新。深入开展"智赋万企"行动，不断健全遴选、入库、培育、认定"一条 龙"科技企业梯度培育机制，累计打造市级以上各类创新平台34个，"四上"企业347家、专精特新"小巨 人"企业14家、高新技术企业46家，1-3月份，高新技术企业上交税金及利润总额3.12亿元，同比增长 13%。 今年以来，全县新增市场主体1704余户，同比增长6.23%； ...

Group 1 - Goldman Sachs has introduced the concept of "Chinese Prominent 10," which includes major private companies like Tencent, Alibaba, and Xiaomi, aiming to identify core assets in the Chinese stock market with long-term dominance potential [1][2] - The total market capitalization of these ten companies is approximately $1.6 trillion, representing 42% of the MSCI China Index, with an expected compound annual growth rate (CAGR) of 13% in earnings over the next two years [1][2] - The "Chinese Prominent 10" spans various high-growth sectors, including technology, consumer goods, and automotive, reflecting new economic drivers such as AI, self-sufficiency, globalization, and service consumption upgrades [1][2] Group 2 - The selected "Chinese Prominent 10" companies include Tencent ($601 billion), Alibaba ($289 billion), Xiaomi ($146 billion), BYD ($121 billion), Meituan ($102 billion), NetEase ($86 billion), Midea ($78 billion), Hengrui Medicine ($51 billion), Trip.com ($43 billion), and Anta ($35 billion) [2] - These companies collectively account for a daily trading volume of $11 billion, indicating significant market influence and investment appeal [2] - The average price-to-earnings (P/E) ratio for these companies is 16 times, with a forward price-to-earnings growth (fPEG) ratio of 1.1, making them more attractive compared to the U.S. "Magnificent 7" with a P/E of 28.5 and fPEG of 1.8 [2] Group 3 - Since the low point at the end of 2022, the average increase in stock prices for these ten companies has been 54%, with a year-to-date rise of 24%, outperforming the MSCI China Index by 33 and 8 percentage points, respectively [3] Group 4 - Following a significant market value loss of nearly $4 trillion since late 2020, private enterprises in China are showing signs of strong recovery, with profits and return on equity (ROE) rebounding by 22% and 1.2 percentage points, respectively, since 2022 [4] - Recent policies have increased the focus on private enterprises, boosting confidence among entrepreneurs, as evidenced by the private enterprise symposium in February and the introduction of the first Private Economy Promotion Law in April [4] - The rapid advancements in AI technology, particularly with the emergence of models like DeepSeek-R1, have enhanced market optimism towards technology-driven private enterprises [4] Group 5 - The concentration of the Chinese stock market is relatively low, with the top ten companies accounting for only 17% of the total market capitalization, compared to 33% in the U.S. and 30% in other emerging markets [6] - As leading companies expand their dominance, market concentration is expected to increase in the coming years [6] Group 6 - The investment interest from private enterprises is anticipated to support organic growth and acquisitions, aided by a more transparent and relaxed merger and acquisition framework [7] Group 7 - The average turnover rate of the top ten companies in China over the past decade has been only 12%, indicating strong competitive advantages and market "stickiness" among leading firms [8] - Factors such as capital expenditure, R&D investment, and market concentration are positively correlated with subsequent stock returns and market share representation [8] Group 8 - AI technology is reshaping the competitive landscape, with large private enterprises leveraging their customer base, data accumulation, and investment capabilities to excel in AI development and commercialization [9][10] - Private enterprises are leading the "going global" strategy, with overseas sales increasing from 10% in 2017 to an estimated 17% in 2024 [10] - Companies with strong balance sheets and cash flows are better positioned to capitalize on overseas market opportunities, where profit margins can be significantly higher than in domestic markets [10] Group 9 - Despite ongoing improvements in fundamentals, the valuations of the "Chinese Prominent 10" remain at historical lows, with an average trading valuation of 13.9 times the expected P/E ratio, only 22% higher than the MSCI China Index [11] - If these private enterprises achieve similar valuation premiums as their U.S. counterparts, their market concentration could increase from 11% to 13%, adding approximately $313 billion in market value [11]

Group 1 - The National New Office will hold a press conference to introduce the national economic operation situation for May 2025 [1] - The National Bureau of Statistics will release the housing price data for 70 large and medium-sized cities for May 2025 [2] - The Shanghai Stock Exchange and China Securities Index Co., Ltd. will announce the launch of the SSE 580 Index, which reflects the overall performance of small-cap listed companies [3] Group 2 - A total of 12 companies will have their restricted shares unlocked today, with a total unlock volume of 1.399 billion shares, amounting to a market value of 11.203 billion yuan [4] - Five companies have disclosed stock repurchase progress, with two companies reporting the highest repurchase amounts [5]

Group 1 - The seminar focused on the theme "New International Economic Situation: Global Order Reconstruction and China's Response Strategy" and included discussions on economic paradigm shifts, technological innovation, and the development of traditional and emerging industries [2][4][6] - The event gathered senior scholars from the fields of economics and management, aiming to contribute to the high-quality development of these disciplines [4][6] - The discussions highlighted the need for a new economic and management paradigm that aligns with China's unique characteristics to address the challenges posed by the changing global economic landscape [8][10] Group 2 - The integration of AI and big data is driving a transformation in technological innovation paradigms, necessitating a deep change in China's innovation model and governance mechanisms [12][18] - The importance of investing in human capital was emphasized as a key driver for expanding domestic demand and fostering innovation, aiming for a virtuous cycle between economic development and improving livelihoods [20] - The seminar addressed the need for a new type of innovation system in China that promotes collaboration between central and local governments, as well as market entities, to enhance the adaptability of the national innovation system [10][14] Group 3 - The discussions included the impact of green trade barriers, such as the EU carbon tariff, on the resilience of multinational supply chains, suggesting improvements in domestic carbon markets and risk management [36] - The evolution of China's renewable energy pricing policy was analyzed, indicating a shift from subsidy-driven expansion to a market-driven approach that emphasizes efficiency and value [38] - The seminar underscored the significance of data industries in economic growth, highlighting their dual effects on GDP contribution and enhancing overall productivity through resource optimization [26]

本报讯(记者洪叶许愿)近日，省市场监管局印发促进民营经济发展年度重点任务清单，围绕七个方面制 定了43项重点任务，以"全链条整合、特色化供给、品牌化赋能"组合拳，积极构建"监管有力度、服务 有温度"的民营经济发展环境。 清单显示，在推动民营经济主体准入准营退出便利化方面，要深化企业开办、变更、注销、迁移"高效 办成一件事"改革；拓展电子营业执照在登记、档案、审批、年报以及社保、金融、招投标等领域的应 用场景。在营造保障民营经济主体公平竞争和合法权益的市场环境方面，要开展公平竞争审查能力提升 行动，探索公平竞争审查风险分类管理；聚焦医药、公用事业、殡葬等重点行业，深入推进民生领域反 垄断执法。在强化民营经济领域质量技术服务方面，要加强质量基础设施"一站式"服务体系建设；围绕 未来产业测量需求，构建全产业链计量溯源体系；完善"苏链检"检企供需对接服务机制和平台。 清单要求，在加大对相关行业领域民营经济主体发展的扶持力度方面，深入推进个体工商户分型分类精 准帮扶，推进"个转企"培育库建设，试点推进个体工商户综合服务中心建设。在提升民营经济主体合规 和信用水平方面，推进企业合规经营指导，打造"1+N"合规指引体系；深 ...

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Core Viewpoint - The meeting focused on enhancing the judicial environment to support the sustainable development of the private economy in Tongren City through high-quality execution work [3]. Group 1: Meeting Overview - The Tongren Intermediate People's Court reported on the execution bureau's efforts over the past three years to optimize the business environment [3]. - A draft opinion was discussed regarding high-quality execution work to support the private economy and improve the legal business environment [3]. Group 2: Key Strategies for Optimization - Strengthening political guidance and collaborative efforts by establishing a regular communication platform between the court and enterprises to meet the judicial needs of the private economy [3]. - Innovating execution processes and improving efficiency by implementing a "fast track" for enterprise-related cases and utilizing a comprehensive asset control system [3]. - Establishing a foundation for standardized practices through a three-year action plan aimed at enhancing case quality and ensuring compliance with execution standards [3]. - Creating a collaborative system involving multiple departments to build a legal business environment that supports the high-quality development of the private economy in Tongren [3].

Group 1: Rice Industry Development - A rice industry enterprise in Huishui County has established a production capacity of 50,000 tons of high-quality rice and 10,000 tons of dry rice flour annually, with a grain storage capacity of 15,000 tons [1] - The enterprise has signed a $1.2 million intention order for rice flour with a restaurant in the United States during the 137th China Import and Export Fair [1] - The company operates on a model of "leading enterprise + cooperative + farmers + expert guidance," which reduces risks for farmers and increases their income by an average of 7,000 yuan per household annually [1] Group 2: Agricultural Modernization in Huishui County - Huishui County is focusing on building a green agricultural product supply base and a specialty food production base to transform from an agricultural county to a strong agricultural county [2] - The county has over 20,000 acres of rice planting orders involving more than 2,000 households, contributing to local economic development [1][2] Group 3: Economic Growth and Employment in Luodian County - In Luodian County, 18 private enterprises in the lighter production industry have established a significant industrial chain, with five companies producing over 2.4 million lighters daily in 2024 [3] - The lighter production industry in Luodian is expected to achieve an annual output value of 120 million yuan and create over 1,200 jobs [3] - A silk production enterprise in the same area consumes about 1,000 tons of fresh cocoons annually, generating an output value of over 50 million yuan and providing 75 jobs [3] Group 4: Policy Support for Private Economy in Guizhou - Guizhou Province has implemented policies to promote the development of the private economy, which is crucial for high-quality development and modernization [4] - As of January 2024, Guizhou has 4.6067 million business entities, with private enterprises accounting for 1.015 million, reflecting a year-on-year growth of 10.18% [4] - The added value of the private economy in Guizhou is projected to reach 1.246969 trillion yuan in 2024, increasing its share of GDP from 53.0% in 2020 to 55.0% in 2024 [4]

Group 1 - The private economy's sales revenue increased by 3.6% year-on-year in the first four months of this year, surpassing the national average by 0.9 percentage points, accounting for 71.3% of total sales revenue in the country [1] - The government has made significant progress in optimizing the development environment for the private economy, enhancing legal protections, and ensuring the legitimate rights and interests of private enterprises [1] - Since 2020, a series of policy documents have been issued to support the private economy, including the first foundational law specifically for private economic development, the "Private Economy Promotion Law" [1] Group 2 - The market environment for private enterprises has improved, with the number of negative lists for market access reduced to 106 items in the 2025 version, boosting investment confidence [1] - Private investment in non-real estate projects is expected to grow by 6.0% in 2024, with a notable 10.8% increase in private investment in the manufacturing sector [1] - As of February 2025, the balance of inclusive loans to small and micro enterprises increased by 12.6% year-on-year, outpacing the growth rate of other loans by 5.7 percentage points [1] Group 3 - The proportion of patent infringement cases involving private enterprises reached 51.4% in 2024, indicating a growing focus on intellectual property protection [2] - Local initiatives, such as the establishment of overseas intellectual property service stations, aim to help enterprises navigate international disputes and risks [2] - Despite improvements in the policy framework for protecting private enterprises, challenges remain, including issues with policy execution and barriers to accessing key resources [2] Group 4 - Recommendations for enhancing the protection of private enterprises include improving institutional guarantees, standardizing administrative inspections, and promoting flexible regulation [3] - Companies are encouraged to strengthen compliance management, enhance innovation capabilities, and actively fulfill social responsibilities [3] - A collaborative environment is essential for the development of the private economy, with an emphasis on positive public perception and the provision of comprehensive professional services [3]