会议强调，市个私协要坚持政治引领，推进个体私营企业党建全覆盖，加强对网约配送员群体的关心凝聚，实现"党建强、发展强"。要紧扣服务个体私营企 业健康发展核心任务，不断创新服务举措，助力企业增强内生动力与发展信心。要引导企业发扬敢为人先、坚守实业、精益求精的精神，增强发展韧性与竞 争力，输出更多"东莞经验"，为全省高质量发展贡献更多力量。 年会现场举行了东莞市个私协会东莞优品发展联盟启动仪式。协会与民生银行东莞分行达成战略合作，提供100亿元专项授信，为企业发展注入更多"金融活 水"。莞光彩投资公司与清凤食品、香港添添集团、梵尼诗留声机等项目进行投资签约，积极助力本土优质产品品牌做大做强。 会议指出，市个私协要加强党建引领，建强党建阵地，推动党建与企业发展深度融合；构建全方位、多层次、专业化服务体系，畅通诉求反映渠道，协助企 业解决实际问题；引导企业履行社会责任，投身数字经济、人工智能等新兴领域，助力东莞产业结构优化升级。 会议要求，市个私协要进一步发挥桥梁纽带作用，搭建中小微企业共融共生发展平台，深度参与东莞优品宣传推广，做实"莞光彩"服务品牌，让协会真正成 为企业发展的坚强后盾。希望广大个私企业锚定"智创优品 ...

苏东提出具体举措，即成立化工产业八省联盟，建设化工高端装备研发基地，积极开拓化工产品应用新 场景，大力发展循环经济，壮大河南化工的"朋友圈"。 中化新网讯 上周在郑州召开的河南省工业和信息化工作会议明确，"十五五"期间，河南省将做好改造 升级"老字号"、深度开发"原字号"、培育壮大"新字号"、精准拓展"外字号""四篇文章"，实施产业创 新、链群提质、"三化"转型、雁阵培育、场景拓展、开放带动六大工程。河南省石油和化学工业协会常 务副会长苏东表示，"十五五"，河南省化工产业要深度参与"四篇文章"和六大工程，并积极做好相关工 作。 苏东表示，围绕会议提出的"六大工程"，在产业创新工程中，全省化工行业要针对核心材料、关键工艺 等开展攻关，力争"十五五"期间突破相关领域关键技术产品；在链群培育工程中，要完善化工产业链培 育机制，补齐产业链短板，推动化工产业集群化发展；在智能化绿色化融合化转型工程中，要推动化工 企业开展智能化改造，建设绿色工厂、超级能效工厂；在企业培育工程中，支持化工领域专精特新企 业、单项冠军企业发展壮大；在场景拓展工程中，要深入挖掘化工新材料在新能源、高端装备等领域的 应用场景，推动产学研用深度融 ...

Core Viewpoint - The Chinese government has established a systematic framework for the development and direction of government investment funds, marking the first time such guidelines have been issued at the national level [1]. Group 1: Policy Framework - The "Work Method" outlines three main aspects: where to invest, how to invest, and who manages the funds, proposing 14 policy measures [3]. - The framework emphasizes supporting major strategies and key areas, particularly in sectors where market resources are insufficient, promoting deep integration of technological and industrial innovation, and focusing on nurturing emerging pillar industries [3]. Group 2: Investment Guidance - Funds must align with national major plans and encourage industries listed in the national industrial directory, while avoiding investments in restricted, eliminated, or prohibited sectors [3]. - Provincial development and reform departments are tasked with creating lists of key investment areas to optimize fund allocation [3]. Group 3: Evaluation Metrics - The "Management Method" establishes three primary indicators: 1. Policy compliance (60% weight), assessing the fund's role in supporting new productive forces, technological innovation, and green development [4]. 2. Optimization of productive layout (30% weight), evaluating alignment with national regional strategies and effective capacity utilization [5]. 3. Policy execution capability (10% weight), focusing on fund efficiency and the professional level of fund managers [5]. Group 4: Focus Areas - The investment focus includes emerging industries such as next-generation information technology, new energy, high-end equipment, and green technology, as well as future industries like the metaverse, brain-computer interfaces, and generative artificial intelligence [5].

近年来，"场景"一词在经济领域被频频提及。"十五五"规划建议对培育壮大新兴产业和未来产业、加快 重大科技成果高效转化应用、大力提振消费等作出重要部署，其中都涉及应用场景建设和打造新场景的 内容。2025年，国务院办公厅印发《关于加快场景培育和开放推动新场景大规模应用的实施意见》，首 次在国家层面对场景培育和开放进行系统部署。场景为何变得如此重要？ "场景"一词最早起源于戏剧、影视领域。随着新一轮科技革命和产业变革深入发展，"场景"被赋予了新 的内涵，即用于系统性验证新技术、新产品、新业态产业化应用以及配套基础设施、商业模式、制度政 策的具体情境。在诸多领域的实践中，场景已经成为连接技术和产业、打通研发和市场的桥梁，成为推 动科技创新和产业创新融合发展的重要载体，对促进新技术新产品规模化商业化应用表现出显著的牵引 作用。 原标题：场景是撬动创新的关键支点 就当前的国际竞争态势来看，哪个国家能在推动新场景大规模应用上先走一步，哪个国家就能在新赛道 上抢占先机。对此，需用好我国丰富应用场景优势，加快培育拓展经济社会应用场景。 加强多主体协同，构建开放共享的创新生态。政府要强化示范引领，各行业部门应建立健全支撑场景培 ...

首席点评： 商品普涨，有色银光 我国首次明确政府投资基金布局和投向。国家发改委等四部门联合发布《关于加强政府投资基金布局规划和投向指导的工 作办法》，要求基金支持重大战略、重点领域和市场难以有效配置资源的薄弱环节，推动科技创新和产业创新深度融合， 着力培育新兴支柱产业，不得投向限制类、淘汰类以及政策明令禁止的产业领域。当地时间 1 月 12 日下午，美国总统特朗 普在社交媒体发文称，任何与伊朗进行商业往来的国家，其与美国的所有商业往来都将面临 25% 的关税。该命令即日起生 效。国内商品期货市场收盘大面积上涨，贵金属、航运期货、新能源材料、基本金属大幅走高，沪银涨 14.42% ，集运指 数（欧线）涨 11.3% ，沪锡涨停。基本面改善叠加资金情绪高涨，除即将交割的 2601 合约，碳酸锂期货其他所有合约全部 封死涨停板。 股指 ： 美国三大指数上涨，上一交易日股指再度上涨，传媒板块领涨，银行板块领跌，市场成交额 3.15 万亿元。资金方 面， 1 月 8 日融资余额增加 159.44 亿元至 26031.55 亿元。我们预计 2026 年供给侧改革持续并将推升大宗商品的价格并带 动资源型股票上涨。 12 月 ...

Group 1 - The core viewpoint emphasizes the necessity of fully tapping into economic potential, combining policy support with reform innovation, ensuring effective governance while allowing market flexibility, integrating investments in both physical and human capital, and honing internal capabilities to face external challenges [1][6][20]. Group 2 - Fully tapping into economic potential is crucial for solidifying the material foundation of Chinese-style modernization, leveraging the country's multiple advantages to foster new growth points and high-quality development [2][3]. - China, as the world's second-largest economy, benefits from a vast market that ensures internal circulation, a robust innovation ecosystem, and a strong industrial supply chain, positioning it as a key player in the global economic landscape [3][4]. - The Chinese economy has shown resilience against external shocks, maintaining its status as a major contributor to global economic growth, supported by a large consumer market and a complete industrial system [4][21]. Group 3 - The approach of combining policy support with reform innovation is essential for addressing the intertwined cyclical, structural, and institutional issues in the economy, ensuring effective macroeconomic governance [7][9]. - This dual approach has been proven effective in navigating complex domestic and international environments, enhancing macroeconomic stability while promoting structural reforms [8][10]. Group 4 - Achieving a balance between market freedom and government regulation is vital for enhancing economic governance and ensuring high-quality development [12][13]. - The focus should be on creating a fair competitive environment while allowing market forces to allocate resources efficiently, thus fostering a dynamic economic order [14][15]. Group 5 - Investments should be closely integrated between physical assets and human capital, with a shift towards enhancing human development as the economy matures [16][18]. - There is significant room for improvement in both physical and human capital investments, with current levels lagging behind developed countries, indicating potential growth areas [17][19]. Group 6 - The emphasis on internal capabilities is crucial for responding to external challenges, with a focus on maintaining strategic determination and leveraging the advantages of a large economy [20][22]. - Historical resilience against external shocks has been demonstrated, with strategies to shift towards domestic demand and innovation driving economic stability and growth [21][23].

2026开年A股市场表现强劲，成交额创历史新高。 2026年年初至今（1月12日）上证指数累计上涨4.9%，自2025年年底以来17连阳，表现在全球 主要市场居前。整体风格偏向成长，创业板指/科创50年初以来累计涨5.8%/12.5%；传媒/国防军工/计算机/有色金属分别累计涨 21.9%/20.1%/16.4%/10.0%。值得关注的是1月12日，A股市场总成交额3.64万亿元，创历史新高。 多重利好促成A股开年强势表现。 近期市场快速上涨受到多方面因素支撑：1）整体预期上，投资者对2026年尤其是上半年普遍预期较为乐观， 共识抬升一定程度引导资金提前布局。2）产业层面，科技成长相关产业近期事件性催化因素较多，如：去年年底以来商业航天卫星密集试飞， 周末根据国际电信联盟（ITU）披露的最新数据显示，近期我国向国际电信联盟提交新增20.3万颗卫星申请[1]；近期AI应用领域的创新进展，AI 和半导体等相关领域多个市场关注度较高的企业陆续IPO等。3）盈利方面，1月底通常将有较多A股上市公司集中披露年度业绩预告，低基数背 景下市场对业绩预期相对乐观，尤其利好中小市值风格。4）资金情况，居民存款搬家叙事延续，与指 ...

所谓政府投资基金，就是指各级政府通过预算安排，单独出资或与社会资本共同出资设立，采用股权投 资等市场化方式，引导各类社会资本支持相关产业和领域发展及创新创业的投资基金。数据显示，截至 2024年年底，我国累计设立政府引导基金数量2178只，总规模突破12万亿元，其中产业类和创投类引导 基金数量为2023只，总规模突破10万亿元。 但随着基金数量和规模的快速增长，一些深层次问题也逐渐显现。比如，部分基金定位模糊，偏离了服 务国家战略的政策性初衷；一些地方基金投资领域交叉重叠，导致同质化竞争和资源内耗；还有少数基 金运作不规范，异化为违规招商引资的工具，甚至变相增加地方政府隐性债务。"这些问题不仅影响了 政府投资基金的社会效益和经济效益，还可能对社会资本产生'挤出效应'，扭曲市场资源配置。"海南 君顾数科研究院院长单福说。 政府投资基金"投向哪""怎么投"有了明确指引。 1月12日，国家发展改革委、财政部、科技部、工业和信息化部联合发布了《关于加强政府投资基金布 局规划和投向指导的工作办法（试行）》（以下简称《工作办法》），这是我国首次在国家层面对政府 投资基金的布局和投向作出系统规范。与此同时，国家发展改革委制 ...

Group 1 - The core viewpoint of the article is the introduction of a systematic regulation for government investment funds in China, aimed at optimizing their layout and investment direction [1][2] - The "Work Method" outlines 14 policy measures focusing on three main aspects: where to invest, how to invest, and who manages the funds [1] - The guidelines emphasize supporting major strategies, key sectors, and addressing weak links in resource allocation, particularly in technology and industry innovation [1] Group 2 - The "Work Method" specifies that national-level funds should focus on supporting the construction of a modern industrial system and tackling key core technology challenges [2] - Local funds are required to align their investment directions with local industrial foundations and development realities, while also adhering to national market requirements [2] - The emphasis is placed on supporting industrial upgrades, enhancing innovation capabilities, and incubating small and micro private enterprises and technology-based companies [2]

Core Viewpoint - The newly released guidelines by the National Development and Reform Commission (NDRC) establish a systematic framework for the planning and direction of government investment funds, focusing on strategic sectors and innovation [1] Group 1: Investment Direction - The guidelines emphasize that government investment funds should support major strategies, key sectors, and areas where market resource allocation is weak, promoting deep integration of technological and industrial innovation [1] - Funds are required to align with national major plans and encourage industries listed in the national industrial catalog, while avoiding investments in restricted, eliminated, or prohibited sectors [1] Group 2: Fund Management and Focus - National-level funds are directed to support the construction of a modern industrial system and tackle key core technology challenges, aiming to address industrial shortcomings and overcome development bottlenecks [1] - Local funds are encouraged to choose investment directions based on local industrial foundations and development realities, focusing on industrial upgrades, enhancing innovation capabilities, and incubating small and micro private enterprises and technology-based companies [1] Group 3: Evaluation and Management - The NDRC has also developed a management approach for evaluating the investment direction of government funds, aimed at enhancing their role in serving national strategies, promoting industrial upgrades, and fostering innovation and entrepreneurship [1]