【环球网财经综合报道】为深入贯彻落实中央金融工作会议精神，进一步优化商业银行并购贷款服务，助力现代化产业体系建设和新质生产力发展，国家金 融监督管理总局近日对《商业银行并购贷款风险管理指引》进行全面修订，形成《商业银行并购贷款管理办法（征求意见稿）》，于8月20日正式向社会公 开征求意见。 国家金融监督管理总局表示，现行《商业银行并购贷款风险管理指引》自发布以来，为商业银行开展并购贷款业务、支持产业转型升级提供了重要制度保 障。当前，我国经济正处于新旧动能转换的关键时期，并购市场活跃有助于优化资源配置，推动传统产业改造升级，加快培育经济发展新动能、新优势。此 次修订立足新形势下并购市场发展需求，旨在进一步完善相关制度安排。 本次《商业银行并购贷款管理办法（征求意见稿）》共三十三条，主要修订内容包括：一是拓宽并购贷款适用范围，在原有控制型并购交易基础上，允许并 购贷款支持符合一定条件的参股型并购交易；二是设置差异化展业资质要求，对开展控制型和参股型并购贷款业务的商业银行，在监管评级、主要审慎监管 指标达标基础上，提出差异化的资产规模要求；三是优化贷款条件，进一步提高并购贷款占并购交易价款比例上限，延长贷款最长期 ...

Core Viewpoint - The Financial Regulatory Bureau has released a draft of the "Commercial Bank M&A Loan Management Measures," aiming to enhance the support for mergers and acquisitions (M&A) financing, thereby facilitating the transformation and upgrading of traditional industries and promoting the development of a modern industrial system [1][2]. Group 1: Key Changes in M&A Loan Management - The draft expands the applicable scope of M&A loans to include certain conditions for equity-based acquisitions, in addition to controlling acquisitions [2]. - It introduces differentiated qualification requirements for banks engaging in controlling and equity-based M&A loans, based on regulatory ratings and asset scale [2]. - The loan conditions are optimized by increasing the upper limit of M&A loans as a percentage of the transaction price and extending the maximum loan term [2][3]. Group 2: Risk Assessment and Loan Structure - The measures emphasize the assessment of repayment capacity, requiring banks to evaluate the acquirer's ability to repay loans while considering the future development prospects and operational efficiency post-acquisition [2]. - The draft stipulates that the proportion of controlling M&A loans to the transaction price must not exceed 70%, with equity funding making up at least 30% of the transaction price. For equity-based M&A loans, the limit is set at 60%, with a minimum of 40% equity funding [2]. Group 3: Loan Duration - The maximum duration for controlling M&A loans is set at ten years, while for equity-based M&A loans, it is capped at seven years [3].

Group 1 - The National Committee of the Chinese People's Political Consultative Conference (CPPCC) has held 279 various consultation activities during the "14th Five-Year Plan" period, enhancing the quality of political consultation [1] - A total of 41,043 proposals were filed, with many recommendations being transformed into policy measures [1] - The CPPCC has established 229 institutional documents to improve the institutionalization, standardization, and proceduralization of its consultation and political duties [1] Group 2 - The CPPCC emphasizes the importance of research and investigation, implementing a "research-consultation-research" approach to deeply analyze issues and propose actionable recommendations [2] - A total of 84 in-depth research projects have been conducted on significant strategic and forward-looking topics, resulting in high-quality research outcomes [2] - CPPCC members have conducted 148 learning and research sessions at the units where committee members are located [2]

新华社北京8月18日电（记者魏冠宇）国务院新闻办公室18日举行"高质量完成'十四五'规划"系列主题 新闻发布会。全国政协副秘书长胡衡庐介绍，"十四五"期间全国政协深入协商服务科学民主决策，共举 办专题议政性常委会会议、专题协商会等各类协商活动279场次，协商议政质量水平持续提升。 胡衡庐表示，全国政协注重发挥调查研究基础作用，通过"调研—协商—再调研"，努力把问题研深议 透，提出针对性、可操作性强的对策建议；创立主席会议成员牵头、跨专门委员会、跨领域的专题研究 制度，围绕新质生产力发展、新污染物治理、中华文明发展史研究阐释传播等重大战略性、前瞻性课题 开展深度研究84项，形成一批高质量研究成果；主席会议成员深入委员所在单位，开展学习调研148场 次。 据悉，"十四五"期间，全国政协开展视察考察调研活动413项，提案立案25043件，一大批建言成果转化 为政策举措；完善政协民主监督、委员联系界别群众等机制，制定修订全国政协协商工作规则等229件 制度文件，提高协商议政和各项履职工作制度化、规范化、程序化水平，专门协商机构建设持续深化。 坚持协商于决策之前和决策实施之中，全国政协围绕构建高水平社会主义市场经济体制 ...

Group 1 - The National Committee of the Chinese People's Political Consultative Conference (CPPCC) has conducted 279 various consultation activities during the "14th Five-Year Plan" period, enhancing the quality of political consultation [1] - A total of 41,300 proposals were filed, with 25,043 officially registered, leading to significant policy measures being implemented [1] - The CPPCC has held 10 special meetings on high-level socialist market economy system construction and ecological environment protection, and 57 bi-weekly consultation meetings on optimizing regional education and medical resource allocation [1] Group 2 - The CPPCC emphasizes the foundational role of research and investigation, implementing a "research-consultation-research" approach to develop targeted and actionable policy recommendations [2] - A total of 84 in-depth studies have been conducted on major strategic and forward-looking topics, including new productive forces and governance of new pollutants [2] - CPPCC members have engaged in 148 learning and research activities within their respective units to enhance understanding and collaboration [2]

保险资金长期投资改革试点又有新进展，险资入市加速。 试点规模超两千亿，参与险企扩容 对于此次投资设立太平（深圳）私募证券投资基金管理有限公司，太平资产表示，旨在积极响应保险资 金长期投资改革试点。截至2024年末，太平资产管理资产总规模超过1.5万亿元。 太平资产进一步表示，"下一步将严格规范基金运作管理，建立健全长周期考核机制和符合保险资金特 性的投资策略，充分发挥保险资金长期资本、耐心资本作用，进一步加大中长期资金对于资本市场的投 资力度，坚定服务国家战略、服务实体经济，更好发挥保险资金'稳定器'和'压舱石'作用。" 当前，保险资金长期投资改革试点正加速落地，至今已有三批试点。首批于2023年10月获批，由中国人 寿、新华人寿联合出资500亿元设立鸿鹄基金，截至今年3月初，500亿元已全部投资落地。 2025年1月启动第二批试点，太保寿险、泰康人寿、阳光人寿及相关保险资产管理公司获准以契约制基 金方式参与试点，规模为520亿元。3月，国家金融监管总局再批600亿元保险资金长期股票投资试点， 人保寿险、中国人寿、太平人寿、新华人寿、平安人寿获准参与。因此，第二批保险资金长期股票投资 试点批复规模共计达112 ...

Group 1 - The core viewpoint of the article emphasizes that the China Securities Regulatory Commission (CSRC) will maintain strict control over the IPO process to prevent large-scale expansions, despite concerns about inclusivity [2] - The global markets are adapting to technological trends and enhancing institutional innovations, which in turn promotes the activity and strength of the secondary market [2] - The CSRC aims to deepen capital market reforms, focusing on nurturing long-term and patient capital, and accelerating the establishment of a policy system that supports long-term investments [2] Group 2 - The reform of the Sci-Tech Innovation Board and the Growth Enterprise Market will be key to developing diverse equity financing options, addressing the full lifecycle needs of various enterprises with a comprehensive product and service system [2] - There will be continuous improvement in the regulatory framework for listed companies, with a focus on the implementation of mergers and acquisitions reforms, increasing incentives for dividends and buybacks, and strengthening measures against financial fraud [2] - The goal is to enhance the quality of development for listed companies, ensuring better returns for investors [2]

Core Viewpoint - The visit of the Jiyuan Demonstration Zone delegation to Zhengzhou focuses on urban governance, cultural tourism integration, and the development of new productivity, aiming to promote the construction of the Zhengzhou metropolitan area [1][2][3] Group 1: Urban Governance and Development - Zhengzhou is implementing the important speeches of General Secretary Xi Jinping and the deployment of the provincial party committee, focusing on building a modern, innovative, and resilient city [2] - The city aims to enhance its governance system through a "one committee, one office, one platform" framework, leveraging the advantages of party organization and digital technology [2] - The collaboration between Zhengzhou and Jiyuan is expected to enhance the construction of a modern metropolitan area through comprehensive and deep exchanges [2][3] Group 2: Technological Innovation and Industry Upgrading - The Jiyuan delegation recognized Zhengzhou's strong momentum in urban governance modernization and the vigorous trend of technological innovation driving industrial upgrades [3] - There is an emphasis on establishing a regular communication and coordination mechanism to plan and implement major cooperation projects [3] - The focus areas for collaboration include industrial synergy, cultural tourism cooperation, shared public services, and interconnected transportation [3] Group 3: Learning and Best Practices - The delegation visited various centers and cultural districts in Zhengzhou, noting the city's innovative practices and significant achievements in urban governance and cultural tourism integration [3] - Zhengzhou's experiences in building a modern city are seen as valuable lessons for Jiyuan to adopt and implement [3]

Core Insights - Guangdong's banking and insurance sectors continue to lead the nation in asset, liability, and loan scales, providing substantial financial support for economic growth and risk management [2] Group 1: Banking Sector Performance - As of June 2023, Guangdong's banking sector reported total assets of 41.2 trillion yuan and total liabilities of 40 trillion yuan, with year-on-year growth rates of 5% and 5.14%, respectively, surpassing the GDP growth rate [2] - The balance of various loans reached 29.23 trillion yuan, with a year-on-year increase of 5.05%, while deposits totaled 32.15 trillion yuan, growing by 6.99% [2] - The total assets of banks in the region (excluding Shenzhen) amounted to 27.22 trillion yuan, reflecting a year-on-year growth of 5.71% [2] Group 2: Credit and Loan Growth - The balance of loans to foreign trade enterprises exceeded 1.8 trillion yuan, marking a 12.5% increase since the beginning of the year, with nearly 100 million yuan in no-repayment renewals for around 2,600 foreign trade companies [3] - Manufacturing loans surpassed 3 trillion yuan, with a year-on-year growth of 7.69%, and infrastructure loans also exceeded 3 trillion yuan, growing by 8.19% [3] - The balance of personal consumption loans reached 1.3 trillion yuan, supporting consumer demand for "old-for-new" financing [3] Group 3: Support for Technology and Innovation - Guangdong is focusing on enhancing financial support for technological innovation, with a total technology loan balance of 3.6 trillion yuan, an increase of 322.7 billion yuan since the beginning of the year [3][4] - The financial regulatory authority is promoting the establishment of specialized technology branches to improve service quality and efficiency in technology finance [5] Group 4: Real Estate Sector - The balance of real estate loans in Guangdong reached 5.62 trillion yuan, with a year-on-year growth of 2.77%, which is higher than the national average [6] - As of June 2023, banks provided credit for 1,812 "white list" projects, with a total credit amount of 1.091829 trillion yuan [6] Group 5: Regulatory Measures and Industry Standards - The Guangdong financial regulatory authority is actively addressing industry issues, including curbing "involution" competition and implementing a negative list for unfair competition [7] - A total of 125 punitive decisions were made in the first half of the year, affecting 129 institutions and 212 individuals, with 6 individuals banned from the industry [7]

Group 1 - The core viewpoint emphasizes the importance of the upcoming 15th National Games and the 12th National Paralympic Games, highlighting the need for thorough preparation to ensure successful hosting [2][3] - The provincial leadership is committed to high standards and rigorous requirements in the preparation process, aiming for a successful event that showcases the achievements of modern China and the Guangdong-Hong Kong-Macao Greater Bay Area [3][4] - Key areas of focus include the opening and closing ceremonies, optimizing creative plans, and enhancing the overall experience to reflect international standards and local culture [3][4] Group 2 - The preparation has entered a critical phase, with a call for continuous effort and collaboration with Hong Kong and Macao to ensure efficient progress [3][4] - There is an emphasis on enhancing infrastructure, public services, and safety measures, including traffic organization, fire safety, medical support, and volunteer services [4][5] - The need for effective marketing and promotion strategies is highlighted to create a vibrant atmosphere for the events, alongside risk management to ensure safety and security [5]