金融高水平开放，高水平是核心，扎实是关键。在我国金融开放进程不断推进的过程中，金融开放已不 仅仅是"开门迎客"，而是要在更深层次、更广领域实现制度型开放，同时，牢牢守住不发生系统性金融 风险的底线。 可以明确的是，无论国际风云如何变幻，我国金融业扩大高水平开放的决心不会改变，构建互利共赢金 融发展格局的决心不会改变，推动建立更加包容的国际金融体系的决心不会改变。 开放是中国式现代化的鲜明标识。"十四五"时期，在党中央坚强领导下，我国金融开放步伐坚定而稳 健，取得了一系列看得见、摸得着的扎实成果，为经济高质量发展注入了强劲动力。 今年是"十四五"规划的收官之年。五年来，面对复杂多变的国内外形势，我国稳步推动金融业高水平双 向开放，提升制度型开放水平，在国际金融治理合作中的参与度、影响力、话语权显著提高。 作为我国整体改革开放事业的重要组成部分，"十四五"时期，金融业开放的"施工图"清晰，成果具体。 五年来，我国金融领域制度型开放稳步深化，人民币国际地位稳步上升，国际金融中心建设稳步推进， 营商环境更加友好包容，在开放格局下的金融风险防控能力不断增强。 在9月22日举行的"高质量完成'十四五'规划"系列主题新闻发 ...

记者 王海燕 2014年8月实施的《中国（上海）自由贸易试验区条例》，是全国首部自贸试验区立法，具有开创 性意义，对全国各地自贸试验区立法起到了示范效应。 9月25日，上海市第十六届人民代表大会常务委员会第二十四次会议表决通过了新修订的《中国 （上海）自由贸易试验区条例》，自9月29日起施行。 时隔11年，条例为何重新修订？市人大常委会法工委副主任常江说，此次修订聚焦上海自贸区十多 年来的改革创新举措，通过系统性、集成式制度安排，向境内外经营主体展示上海自贸试验区发展的成 果和信心，继续发挥上海自贸试验区在全国范围"头雁"的示范引领作用。 "此次修订最突出的特点是更加强调系统集成与整体谋划。"市人大财经委立法监督处处长张震表 示，其新颖性甚至体现在章节标题上——例如，专设"第八章边境后管理制度"，就是一个创新点，直接 对标CPTPP高标准的国际经贸协定。 张震说，过去自贸试验区的改革重点主要放在"一线放开、二线管住"的监管模式上，更多关注货物 在口岸与内地之间的流动问题。本次修订则实现了重要突破：制度创新的焦点不再局限于一线与二线之 间，而是延伸至"边境后"阶段，即涵盖一线、二线之后更深层次的国内经济运行规则 ...

Economic Overview - In 2024, Guangdong's GDP reached 14.16 trillion yuan, while Jiangsu's GDP was 13.7 trillion yuan, narrowing the gap to 462.6 billion yuan. Jiangsu's real growth rate of 5.8% significantly outpaced Guangdong's 3.5% [2] - By the first half of 2025, Jiangsu's GDP was 669.68 billion yuan, and Guangdong's was 687.25 billion yuan, further reducing the economic gap to 175.76 billion yuan, the smallest in nearly six years [2] Infrastructure Investment - Since 2019, Jiangsu has shown a clear upward trend in infrastructure investment growth, while Guangdong's investment has been declining. In 2024, Jiangsu's infrastructure investment growth was 13.3%, compared to Guangdong's mere 0.2% [2][3] - Jiangsu's county-level state-owned enterprises (SOEs) have significantly larger financing scales compared to Guangdong, with Jiangsu's county SOEs financing 8.54 trillion yuan through 481 enterprises, while Guangdong's 49 enterprises financed only 1.54 trillion yuan [3] Development Models - Jiangsu's development model is characterized by "government-led, park-driven, and debt-supported," while Guangdong's model emphasizes "market-led, private enterprise-driven, and global layout" [5] - Jiangsu's unique fiscal system allows county-level governments significant financial autonomy, enabling them to mobilize resources effectively, unlike Guangdong, where only a few cities have similar fiscal arrangements [5][8] Financing Mechanisms - Jiangsu has a special financial support mechanism for county-level investment companies, allowing them to obtain funds at costs below 3%, creating a sustainable funding loop for infrastructure projects [6] - In contrast, Guangdong's financing relies heavily on government special bonds, raising concerns about its future economic sustainability [3][6] Cultural and Risk Factors - The cultural differences between Jiangsu and Guangdong affect their economic governance, with Jiangsu's model being more reliant on government intervention, while Guangdong's market-oriented approach fosters greater entrepreneurial spirit [9][10] - Guangdong's historical financial issues have led to a more cautious approach to debt, limiting its ability to replicate Jiangsu's high-leverage investment strategies [10][19] Consumer Market Potential - Guangdong's large domestic market, with a retail sales total of 4.79 trillion yuan in 2024, provides significant opportunities for industrial development, emphasizing the importance of building a consumer market [11][12] - The province's manufacturing sector is diverse, with a complete industrial chain, making it well-positioned to transition from "Made in Guangdong" to "Brand from Guangdong" [11][14] Internationalization and Reform - Guangdong needs to enhance its internationalization efforts, drawing lessons from Japan's overseas investment strategies to support its manufacturing sector [15][17] - The province should explore institutional reforms to enhance its role as a "co-legislator" in national policy-making, particularly in areas like cross-border finance and professional services [18][19]

活动聚焦AI如何驱动制度型开放，嘉宾分享了许多深刻见解。中国信通院政策与经济研究所所长辛勇 飞指出，AI产业发展亟需高质量数据要素支撑，建立数据出境便利化机制至关重要。临港新片区管委 会国际数据合作业务首席战略官潘汉则提出了打造"国际数据加工枢纽"的构想，推动自贸区从数据通道 向数据增值地转型。 在规则对接层面，新加坡国立大学副教授辛杰文分享了生成式AI治理经验。德勤中国自由贸易区服务 中心主管合伙人严勤乐指出，杭州在数字贸易规则探索中形成的"国际数字产品确权、定价、交易"等经 验，已成为可对接DEPA等国际规则的"中国方案"。 商报讯(记者杨伊琳)"自贸试验区的核心任务是为国家试制度，而AI正成为制度型开放最关键的赋能要 素。"这一观点，在9月26日举办的"对标高标准国际经贸规则：数字自贸区对话"活动上成为共识。活动 不仅展示了浙江自贸试验区设立8周年、扩区5周年来的458项数字领域制度创新成果，更围绕"AI如何驱 动制度创新"展开深度探讨，标志着数字自贸区建设进入以技术赋能制度型开放的新阶段。 浙江省商务厅副厅长胡真舫在致辞中介绍，浙江自贸试验区在数字领域已累计形成制度创新成果458 项，其中全国首创12 ...

"十五五"时期是上海国际金融中心建设迈向更高能级的关键阶段。要迎接挑战、抢抓机遇，通过制度突破、功能升级、开 放合作和技术革命，推动上海国际金融中心能级跃升，实现从"流量中心"到"功能中心"的质变。 □ 朱启贵 石少卿 □ 优化金融体系结构：建议通过加强多层次资本市场建设，畅通资金资本资产高质量循环，提升上海金融市场体系国内国 际资金资本资产配置质效；构筑服务技术革命性突破和产业深度转型升级的科技金融服务体系；构建服务发展方式转型的 可持续金融服务体系；加快发展数字金融体系 □ 完善金融监管体系：建议建立跨市场、跨业态、跨区域的监管协调机制，加强监管政策预期管理，培育透明公正的监管 文化，提升监管科技水平，丰富监管工具箱，构建完善有力的监管生态 □ 强化金融风险防控：建议建立健全金融风险监测预警应急处置体系和工作机制，加强重点领域、新兴领域的风险监测预 警和应急处置。同时，统筹金融体系风险防控与应急预案或替代方案 □ 提升金融法治环境：建议持续完善金融法律法规体系，着力提升金融司法效率和公信力，构建服务长三角金融一体化发 展的金融法治体系，持续打造国际金融争议解决高地，努力创造与国际接轨的金融法治环境 "十五 ...

Core Insights - The Gulf economy is a crucial and forward-looking area of modern marine economic development, requiring systematic research, top-level design, and planning guidance to support high-quality development of the marine economy [1] Group 1: Geographic and Economic Significance - China's coastline, including mainland and islands, exceeds 32,000 kilometers, with over 160 bays covering more than 10 square kilometers, including 11 large bays with favorable transportation and resource endowments [1] - Bays serve multiple functions such as economic engines, ecological barriers, and strategic points, with 70% of major global ports and 60% of international trade concentrated in these areas [1] Group 2: Lessons from Global Bay Areas - The development of world-class bay areas has historically benefited from the rise of maritime trade, with each bay area leveraging its unique advantages and industrial trends [2] - Examples include the Tokyo Bay area focusing on high-end manufacturing, the New York Bay area integrating finance and creative economy, and the San Francisco Bay area centered on technology and innovation [2] Group 3: Strategic Recommendations for Gulf Economic Development - Conduct comprehensive surveys and assessments to establish a dynamic database covering resource endowments, carrying capacity, and development potential, guiding the direction of different types of bay economic development [3] - Prioritize ecological safety and green development by establishing mechanisms for ecological protection compensation and promoting green industries such as clean energy and marine biotechnology [3] Group 4: Infrastructure and Innovation - Enhance integrated transportation and logistics networks to improve the economic carrying capacity of key bay areas, promoting coordinated development between land and sea [4] - Foster innovation-driven development by focusing on key industrial applications in marine ranching, offshore wind energy, and tidal energy, while exploring integration paths among various industries [5]

（上接1版） 制度型开放成果显著 "十四五"期间，外资金融机构调整优化在华业务布局，发挥引资、引智、引技纽带作用，助力企业"引 进来""走出去"，加大对制造业、民营小微、绿色金融等领域的金融支持力度。 目前，全球前50大银行有43家在华设立机构，40家最大的保险公司半数已进入中国。"外资银行和保险 机构总资产超过7万亿元，各项业务保持良好增长态势。"金融监管总局局长李云泽在2025陆家嘴论坛上 表示。 既有"熟面孔"深耕，也有"新朋友"入场。今年3月，外商独资证券公司法巴证券（中国）有限公司开 业；9月，保德信保险资产管理有限公司获批开业，外资独资保险资管队伍再添新员…… 中国证监会主席吴清日前在国新办新闻发布会上介绍，"十四五"期间，新增核准13家外资控股证券基金 期货机构来华展业兴业。 一家家"外商独资"金融机构落子背后，是我国稳步扩大金融制度型开放的生动注脚。近年来，我国放宽 金融服务业市场准入，持续完善准入前国民待遇加负面清单管理模式，完全取消银行、证券、基金管 理、期货、人身险领域的外资持股比例限制，大幅扩大外资机构业务范围。 金融对外开放将走向 "更高水平、更深层次、更宽领域" 国际机构深入布局中 ...

Group 1: Trade Performance - The Yangtze River Delta region achieved a total import and export value of 9.59 trillion yuan in the first seven months of this year, representing a year-on-year growth of 5.4% and accounting for 37.3% of the national total, an increase of 0.7 percentage points compared to the same period last year [1] - The region, which occupies less than 4% of the national land area, contributes over one-third of the country's foreign trade, highlighting its critical role in stabilizing national foreign trade [1] - The export structure is shifting from quantity expansion to quality improvement, with high-tech and high-value-added products becoming new growth points [1] Group 2: Role of Private Enterprises - Private enterprises in the Yangtze River Delta region played a significant role in foreign trade, with an import and export value of 5.35 trillion yuan in the first seven months, marking a year-on-year increase of 9.5% and accounting for 55.8% of the total [1] Group 3: Challenges and Strategies - The region faces challenges such as rising international protectionism and unilateralism, which hinder enterprises' expansion into international markets [1] - To promote new development in foreign trade, the region needs to encourage enterprises to explore diversified markets and strengthen cooperation with countries along the Belt and Road Initiative and RCEP member states [2] Group 4: Market System and Services - There is a need to build a unified and open market system by eliminating unreasonable restrictions and promoting reforms such as "one license, multiple addresses" [2] - A comprehensive service platform combining online and offline resources should be established to provide efficient, one-stop services for enterprises [2] Group 5: Financial Support - A multi-tiered support system is necessary, encouraging cooperation between policy banks and commercial banks to support enterprises in foreign trade [3] - Financial institutions should innovate foreign trade financing products and enhance support for private and small enterprises in the Yangtze River Delta region [3]

Group 1 - The core viewpoint emphasizes the importance of attracting and retaining long-term capital in creating a high-quality market ecosystem, with regulatory measures aimed at addressing the imbalance between short-term assessments and long-term goals [1] - The China Securities Regulatory Commission (CSRC) has implemented a series of policies to enhance the weight of long-term assessments for state-owned insurance companies and to shift pension fund evaluations from current yield to cumulative yield over three years, thereby promoting active engagement of long-term capital [1] - As of August 2025, the market value of A-shares held by long-term capital is projected to reach 21.4 trillion yuan, reflecting a 28% increase from the beginning of the year [1] Group 2 - The active participation of private equity and venture capital funds is highlighted as a significant aspect of the optimized investment environment during the 14th Five-Year Plan period, with these funds supporting early-stage innovation [2] - By the end of Q2, the scale of private equity and venture capital funds in China reached 14.4 trillion yuan, with 74% of investments directed towards small and medium-sized enterprises and 50% towards high-tech enterprises [1][2] - The optimization of the investment environment is seen as a release of institutional dividends, with measures such as the establishment of the Sci-Tech Innovation Board and improvements in the ETF product ecosystem enhancing market attractiveness [2] Group 3 - The CSRC is focusing on improving the quality of listed companies through a new three-year action plan aimed at combating financial fraud and enhancing corporate governance [3] - Since the beginning of 2023, there has been a one-third increase in the number of financial fraud leads reported, and companies have been mandated to repurchase shares in cases of illegal selling [3] - The reforms are creating a virtuous cycle of resource allocation efficiency, with significant advancements in sectors like artificial intelligence and commercial aerospace, and the ETF market becoming the largest in Asia [3]

【环球网财经综合报道】9月22日，国务院新闻办公室举行"高质量完成'十四五'规划"系列主题新闻发 布会，邀请中国人民银行行长潘功胜、金融监管总局局长李云泽、中国证监会主席吴清、中国人民银行 副行长兼国家外汇局局长朱鹤新介绍"十四五"时期金融业发展成就。 中国人民银行行长潘功胜在发布会上表示，"十四五"期间我国持续推动金融供给侧结构性改革，深化金 融机构改革，发展多层次金融市场，优化金融结构；稳步推动金融业高水平双向开放，提升制度型开放 水平，在国际金融治理合作中的参与度、影响力、话语权显著提高。 对此，远东资信研究院副院长张林认为，金融供给侧结构性改革，是供给侧结构性改革由实体经济领域 延伸到金融领域的深化拓展。推动金融供给侧结构性改革，一方面需要建立健全结构合理、分工协作的 金融体系，建立多元化专业性的金融产品和服务体系，另一方面需要引导金融机构聚焦主业、避免同质 化竞争，严厉打击金融乱象、防止盲目规模扩张。 在互联互通机制方面，从沪港通起步，先后落地深港通、债券通、互换通，产品类型从股票拓展至债 券、ETF和利率互换等资产类别，2021年债券通"南向通"正式开通，跨境投资渠道不断拓宽。在自贸试 验区试点方 ...