（来源：光明日报） 转自：光明日报 我国是全球能耗强度下降最快的国家之一。据了解，党的十八大以来，我国万元GDP能耗累计下降 了27.2%，以年均3.3%的能耗增速支撑了年均6.1%的经济增长。而随着"能耗双控"向"碳排放双控"的转 变，部分地方对节能工作重要性的理解存在偏差，重视程度有所减弱。 "在建立和完善'碳排放双控'制度的过程中，如何正确认识节能工作的重要作用，如何更好地统筹 节能工作和降碳工作？"朱明春提问。 "节能是降碳的重要方面，节能和降碳工作是内在统一的，我们对节能降碳的工作要求也是一以贯 之的。"国家发展改革委主任郑栅洁在应询时表示，"能源活动碳排放占所有碳排放比重达到约90%，减 少一吨标准煤相当于减少两吨多碳排放，所以抓节能实际上也是抓降碳。" 统筹做好节能降碳工作，既是提升经济发展质效的有效抓手，也是维护国家能源安全的重要保障， 不仅有利于倒逼企业提升资源能源利用效率，促进整个宏观产业结构优化，推动我国产业体系从中低端 向中高端迈进，也可抑制能源不合理消费，缓解国内能源供需缺口的压力，在我国石油外采率约70%、 天然气外采率约40%的背景下，"节能每多做一分，能源安全也就能增加一分"。 ...

——2025年中国油、气产量双创历史新高。原油产量约2.15亿吨，天然气产量突破2600亿立方米、连续 9年增产超百亿立方米。 世界第二大经济体的发展离不开能源支撑，但中国油气对外依存度较高，高水平的国内油气产量是能源 安全的重要保障。 中国石油集团经济技术研究院副院长罗良才表示，中国油气勘探开发力度持续加大，同时科技创新也推 动油气勘探开发"向极宏观拓展、向极微观深入、向极端条件迈进、向极综合交叉发力"。中国油气产量 不断创新高。 ——截至2025年3月底，中国风电光伏累计装机达到14.82亿千瓦，历史性超过火电装机。据国家能源局 预计，2025年，中国全年风电光伏新增装机约3.7亿千瓦，风电光伏发电量约占全社会用电量的22%。 2025年中国能源领域在保障安全和低碳转型方面取得一系列突破，从其中三项标志性突破可以窥见中国 能源建设底气。 ——2025年中国全社会用电量预计首超10万亿千瓦时，高于欧盟、俄罗斯、印度、日本去年全社会用电 量总和。7月、8月连续两月单月全社会用电量突破万亿千瓦时大关，相当于日本全年用电量总和。 中国电力企业联合会统计与数智部副主任蒋德斌说，10万亿量级在全球范围内尚属首次。中国 ...

(年终特稿)中国经济这一年：能源领域现三大突破 中新社北京12月27日电 (记者 王梦瑶)2025年中国能源领域在保障安全和低碳转型方面取得一系列突 破，从其中三项标志性突破可以窥见中国能源建设底气。 ——2025年中国全社会用电量预计首超10万亿千瓦时，高于欧盟、俄罗斯、印度、日本去年全社会用电 量总和。7月、8月连续两月单月全社会用电量突破万亿千瓦时大关，相当于日本全年用电量总和。 2025年中国宣布了新一轮国家自主贡献目标，明确2035年全国风电、太阳能发电总装机容量要达到2020 年的6倍以上，力争达到36亿千瓦。国家能源局综合司副司长张星指出，中国拥有丰富资源总量、坚实 产业基础、巨大市场需求，有决心、有信心完成2035年自主贡献风光装机目标。 2025年，中国能源供给安全保障能力进一步提升，抗风险韧性显著增强，绿色转型步伐持续加快，高质 量发展动能更加强劲。 2026年是从能耗双控全面转向碳排放双控的第一年，业内专家指出，全面实施碳排放双控制度体系，有 利于稳定全社会绿色低碳高质量发展预期，为"新三样"等绿色低碳产业发展壮大提供更大的市场空间。 未来政策端还将持续发力。中国国家发展改革委主任郑栅洁 ...

蒋连生在全市经济工作会议上强调 原标题： 坚定不移抓工业强产业 推动经济实现质的有效提升和量的合理增长 谭秀洪主持 黄振饶出席 12月26日，全市经济工作会议召开。市委书记蒋连生出席会议并讲话，强调明年是"十五五"开局之年，要坚持以习近平新时代中国特色社会主义思想为指 导，深入贯彻落实党的二十大和二十届历次全会及中央经济工作会议精神，深入贯彻落实习近平总书记关于广西工作论述的重要要求，深入贯彻落实全区 经济工作会议精神，完整准确全面贯彻新发展理念，坚持稳中求进工作总基调，坚持实干为要、创新为魂，用业绩说话、让人民评价，牢牢把握高质量发 展这个首要任务和构建新发展格局这个战略任务，统筹建好政治生态、自然生态"两个生态"，更好统筹发展和安全，锚定市委十四届十次全会确定的总目 标总任务，坚定不移强产业强工业，积极对接融入粤港澳大湾区发展，持续唱响加快高质量发展主旋律，着力稳就业、稳企业、稳市场、稳预期，推动经 济实现质的有效提升和量的合理增长，保持社会和谐稳定，确保"十五五"开好局、起好步。市委副书记，市政府党组书记、代市长谭秀洪主持会议并讲 话。市政协主席黄振饶出席。 蒋连生表示，习近平总书记在中央经济工作会议上 ...

新华财经北京12月25日电（记者董道勇）近日，财政部会同生态环境部、外交部等9部门制定印发了 《企业可持续披露准则第1号——气候（试行）》。专家表示，气候准则的发布，标志着我国企业气候 信息披露从"环境合规披露"向"可持续价值披露"的重要跃迁。 构建全链条企业气候转型主动引导机制 记者注意到，气候准则共六章47条，包括总则、治理、战略、风险和机遇管理以及指标和目标等章节， 规定了气候准则制定的依据和目的，阐明了准则的披露目标，明确了气候相关信息的披露要素和框架 等。 财政部会计司有关负责人就印发气候准则答记者问表示，作为继基本准则后国家统一的可持续披露准则 体系中的第一个具体准则，气候准则标志着我国可持续披露准则建设从总体框架迈向具体议题的纵深推 进。这不仅为企业应对气候变化提供了专项信息披露依据，也将为后续其他环境、社会和治理细分领域 准则的制定积累经验、奠定框架基础。 生态环境部环境规划院生态环境管理与政策研究所研究员李晓亮认为，气候准则与生态环境部等四部门 联合发布的《关于促进企业温室气体信息自愿披露的意见》，以及企业环境信息依法披露制度中的气候 相关要求形成分工明确、重点突出、有效衔接、协同发力的政策 ...

举措再精准 管控再精细 坚决打赢大气污染防治攻坚主动仗 刘文萍主持召开全市大气污染防治工作调度会 12月18日，市委副书记、市长刘文萍主持召开全市大气污染防治工作调度会，强调要深入学习贯彻习近 平生态文明思想，全面落实省委经济工作会议精神，突出精准管控，聚力重点攻坚，坚决打赢大气污染 防治攻坚主动仗。省生态环境厅副厅长何立涛、市领导郑传记参加并讲意见。 转自：邢台发布 会上，省专家组分析了近期大气污染防治形势，市生态环境局汇报了当前工作重点、下步工作举措。刘 文萍指出，当前正值岁末年初关键期，大气污染防治形势严峻复杂。各级各部门要树牢危机意识，紧盯 重点因子和关键时段，科学分析，精准施策，针对性强化企业帮扶，常态化严控烟花爆竹、露天焚烧、 散煤、扬尘和移动源污染，坚决巩固提升空气质量改善成效，以高水平环境保护支撑高质量发展。要全 力打好开年主动仗，深刻把握能耗双控全面转向碳排放双控的新要求，锚定明年空气质量改善目标，逐 因子制定攻坚举措，逐污染源落实管控要求，为全年工作争取主动。要健全网格化管理机制，完善监 测、指挥、落实"三位一体"责任体系，充分发挥微站网格作用，精准锁定污染源头，做到实时发现、随 时交办、 ...

本报（chinatimes.net.cn）记者叶青 北京报道 近期广期所铂期货"加速暴涨"，主力合约（PT2606）短短三个交易日内两度封死涨停，价格连创上市以来新高。 12月18日铂期货合约持续上涨，盘中最高触及549.90元/克，报收于542.60元/克，涨幅5.32%。据了解，12月15日 首次涨停、12月17日再度封板，近三个交易日累计涨幅达16.7%。 随着铂期货的强势上涨，有业内人士表示，核心因素源自供需缺口扩大与多因素共振的坚实支撑。据悉，2025年 全球铂金市场连续第三年短缺，氢能产业成为新兴增长点，叠加国内投资需求激增，共同推动铂金期货价格大幅 上涨。不过，针对铂期货大涨，广期所发布公告，自2025年12月23日交易时起，非期货公司会员或者客户在铂期 货开仓量不得超过500手。 铂期货强势破局 "近期铂期货价格持续大涨，与今年以来贵金属价格一路上涨有关，国际金价屡次突破新高，而对于拥有贵金属属 性的铂金、钯金，其价格却显著低于金银涨幅。本次行情大幅上涨，主要受到两方面影响，首先是修复被低估的 金融属性，铂金在本次行情未启动前，金铂比拉至3.5左右，处于历史高位，本次行情大幅上涨后，金铂比回落 ...

——2026 年全国碳市场年度行情展望 2025 年 12 月 17 日 全国碳市场：此消彼长，余震仍存 唐惠珽 投资咨询从业资格号：Z0021216 tanghuiting@gtht.com 报告导读： 期 货 研 究 所 发电行业：拆解宏观减排目标，锚定基准值下调路径。宏观减排目标将为发电行业配额基准值下调路径提供重 要参考依据。本文将以 2035 年排放目标为约束，对未来 5 年中国发电行业配额基准值下调路径进行推算：中国存在 尽早实现碳达峰的政策意愿，若 2025 年作为目标达峰年份，则 2026 至 2035 年期间二氧化碳排放的年均减排速率需 达到约 0.7%~1.0%。在发电量中性增长情景下，2026 年发电排放强度需较 2025 年至少下降约 1.1%~1.4%。预估 2025 年度发电行业配额缺口率可能扩大至约 1.1%~1.4%，对应的年度缺口约 0.6~0.7 亿吨。 CCER：供给能力继续扩张，削弱碳价上行驱动。基于当前的项目登记和减排量登记进展，本文预估 2026 年 CCER 将新增供应 1500~2250 万吨 ，叠加 2025 年约 1000 万吨的市场结余量，2026 年 C ...

Report Industry Investment Rating No relevant content provided. Report's Core View The report provides a comprehensive analysis of various futures markets, including financial derivatives, agricultural products, black metals, non - ferrous metals, shipping, and energy chemicals. It assesses the current market situation, influencing factors, and offers corresponding trading strategies for each market segment. For example, in the financial derivatives market, stock index futures are expected to continue oscillating, and treasury bond futures may further adjust due to lack of incremental benefits. In the agricultural products market, soybeans face supply pressure but may have a phased rebound, while sugar shows different trends in the international and domestic markets. Each industry is affected by multiple factors such as supply - demand relationships, policy changes, and macro - economic situations [20][24][28]. Summary by Directory Financial Derivatives - **Stock Index Futures**: Due to the influence of factors such as the decline of US stocks on Friday night and the uncertainty of the AI bubble in the US stock market, the market is expected to continue oscillating. Trading strategies include high - selling and low - buying in a single - side approach, waiting for the expansion of basis for arbitrage, and using the double - buying strategy for options [20][23][24]. - **Treasury Bond Futures**: Although the economic data in November was not as expected, the bond market was more influenced by expectations. The end - of - year institutional behavior amplified price fluctuations. It is recommended to stop loss on existing long positions in the TL contract and try short - selling medium - and short - term contracts. Arbitrage requires waiting and seeing [24][25][26]. Agricultural Products - **Protein Meal**: The international soybean market has a clear pattern of abundant production, but there may be a phased rebound. Domestic soybean meal has price support. It is recommended to wait and see in a single - side approach, reduce the MRM spread for arbitrage, and use the strategy of selling wide - straddle options [28][30]. - **Sugar**: The international sugar price is bottom - oscillating, while the domestic sugar price is weakening. The Brazilian sugar supply pressure is gradually alleviating, and the domestic sugar market is affected by factors such as new - season production and import policies. The trading strategy includes short - term short - selling in a single - side approach, long - January and short - May for arbitrage, and waiting and seeing for options [31][34][35]. - **Oilseeds and Oils**: The overall oil market is oscillating weakly. The Malaysian palm oil may accumulate inventory, and the domestic soybean oil and rapeseed oil have different supply and demand situations. It is recommended to use high - selling and low - buying for a single - side approach and wait and see for arbitrage and options [35][37][38]. - **Corn/Corn Starch**: The US corn price is oscillating weakly, and the domestic corn price is affected by factors such as increased supply and weakening demand. It is recommended to buy on dips for the 03 contract, close short positions, and establish long positions for the 07 contract in a single - side approach, close the 3 - 7 corn reverse spread for arbitrage, and wait and see for options [38][41][42]. - **Live Hogs**: The overall supply pressure of live hogs still exists, and the pig price is expected to face pressure. It is recommended to use a short - selling strategy in a single - side approach, wait and see for arbitrage, and use the strategy of selling wide - straddle options [42][43][44]. - **Peanuts**: The peanut spot price is stable, and the 01 contract has room for decline. It is recommended to short the 03 contract lightly in a single - side approach, wait and see for arbitrage, and sell the pk603 - C - 8200 option [45][47]. - **Eggs**: The egg demand is average, and the price is stable with a slight decline. It is recommended to wait and see for the 1 - month contract and consider establishing long positions for the far - month contracts in a single - side approach, wait and see for arbitrage, and wait and see for options [47][50][51]. - **Apples**: The apple demand is average, and the price is mainly stable. The 5 - month contract is expected to have limited room for a sharp decline. It is recommended to pay attention to the previous low point in a single - side approach, long - January and short - October for arbitrage, and wait and see for options [52][54][55]. - **Cotton - Cotton Yarn**: The new - cotton sales are good, and the cotton price is oscillating strongly. It is recommended to establish long positions on dips in a single - side approach, wait and see for arbitrage, and wait and see for options [55][58]. Black Metals - **Steel**: The steel export management scope is expanded, and the steel price is oscillating. The steel production and demand are affected by seasonal factors, and the cost has certain support. It is recommended to maintain an oscillating strategy in a single - side approach, short the hot - rolled coal ratio and the hot - rolled rebar spread for arbitrage, and wait and see for options [59][60][61]. - **Coking Coal and Coke**: The coking coal and coke are oscillating at the bottom. The Mongolian coal supply may increase, but the downstream winter - storage demand and coal mine production reduction at the end of the year may affect the supply - demand relationship. It is recommended to wait and see in a single - side approach, wait and see for arbitrage, and wait and see for options [62][63][64]. - **Iron Ore**: The iron ore supply is abundant, and the demand is weak. It is recommended to take a short - selling approach in a single - side approach, wait and see for arbitrage, and wait and see for options [64][65][67]. - **Ferroalloys**: The ferroalloys are affected by cost support and demand suppression. The silicon iron and manganese silicon have different supply - demand situations. It is recommended to oscillate at the bottom in a single - side approach, wait and see for arbitrage, and sell out - of - the - money straddle option combinations [67][68][69]. Non - Ferrous Metals - **Gold and Silver**: The macro - uncertainty increases, and the price fluctuations of gold and silver are amplified. It is recommended to hold long positions for the Shanghai gold and silver contracts in a single - side approach, wait and see for arbitrage, and buy out - of - the - money call options [70][71][72]. - **Platinum and Palladium**: After the low - valuation rebound, the price fluctuations of platinum and palladium intensify. The platinum has supply - demand support, and the palladium is more affected by the macro - environment. It is recommended to take a long - buying strategy on dips in a single - side approach, long - platinum and short - palladium for arbitrage [74][75][76]. - **Copper**: After a full correction, it is recommended to buy. The copper market is affected by factors such as supply - demand and AI - related news. It is recommended to re - establish long positions after a full correction in a single - side approach [78][79]. - **Alumina**: After the "anti - involution" sentiment fades, the alumina price is under pressure. It is recommended to short on rallies in a single - side approach, wait and see for arbitrage, and wait and see for options [80][84][85]. - **Electrolytic Aluminum**: With the release of macro - data this week, it is recommended to be cautious about chasing up. The aluminum market is affected by macro - expectations and supply - demand relationships. It is recommended to oscillate after a correction in a single - side approach, wait and see for arbitrage, and wait and see for options [86][87][88]. - **Cast Aluminum Alloys**: Due to the uncertainty of macro - expectations this week, it is recommended to pay attention to the cross - variety spread. It is recommended to oscillate with the aluminum price in a single - side approach, do the AD - AL spread convergence during the aluminum price correction for arbitrage, and wait and see for options [88][89][90]. - **Zinc**: It is recommended to hold long positions cautiously and pay attention to the LME zinc price. The zinc market is affected by factors such as supply - demand and overseas news. It is recommended to hold long positions cautiously in a single - side approach, buy SHFE zinc and sell LME zinc for arbitrage, and buy deep out - of - the - money put options [91][92][93]. - **Lead**: It is recommended to pay attention to the support effectiveness of the domestic secondary lead smelting cost. The lead market is affected by factors such as supply - demand and overseas strikes. It is recommended to close some short - term short positions and hold some positions in a single - side approach, wait and see for arbitrage, and wait and see for options [94][96][97]. - **Nickel**: As a short - position variety, it continues to decline. The nickel market has a supply surplus, and the price is under pressure. It is recommended to short in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options [99][100][101]. - **Stainless Steel**: It follows the decline of the nickel price. The stainless - steel market is affected by factors such as supply - demand and export policies. It is recommended to decline in a single - side approach, wait and see for arbitrage [101][102][103]. - **Industrial Silicon**: It may decline in the future. The industrial silicon market is affected by factors such as supply - demand and the "anti - involution" of polysilicon. It is recommended to short on rallies [104][105]. - **Polysilicon**: It is recommended to buy on dips. The polysilicon market is affected by factors such as supply - demand and industry self - discipline. It is recommended to hold long positions and buy on dips in a single - side approach, long - polysilicon and short - industrial silicon for arbitrage, and sell put options [105][109]. - **Lithium Carbonate**: The mine restart is postponed again, and the lithium price is rising strongly. The lithium carbonate market is affected by factors such as supply - demand and industry policies. It is recommended to operate cautiously at a high level in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options for the 2605 contract [109][110][111]. - **Tin**: The AI bubble re - ignites, and the Indonesian export recovers, causing the tin price to decline under pressure. The tin market is affected by factors such as AI - related news and Indonesian exports. It is recommended to oscillate weakly at a high level in a single - side approach, wait and see for options [111][112][113]. Shipping - **Container Shipping**: It is expected to oscillate at a high level in the short term, and it is recommended to pay attention to the first - week opening price of MSK. The container shipping market is affected by factors such as supply - demand and price expectations. It is recommended to close some long positions and hold some for the EC2602 contract in a single - side approach, wait and see for arbitrage [116][117]. Energy Chemicals - **Crude Oil**: The geopolitical expectation cools down, and the oil price continues to find the bottom. The crude oil market is affected by factors such as geopolitical events and supply - demand relationships. It is recommended to take a short - selling approach in a single - side approach, consider the neutral gasoline and weak diesel in China for arbitrage, and wait and see for options [118][119][120]. - **Asphalt**: The winter - storage support is limited, and the cost disturbance increases. The asphalt market is affected by factors such as supply - demand and raw material prices. It is recommended to oscillate weakly in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options for the BU2602 contract [122][123][124]. - **Fuel Oil**: The high - sulfur fuel oil is weak, and the low - sulfur fuel oil supply is affected by device changes. The fuel oil market is affected by factors such as supply - demand and geopolitical events. It is recommended to oscillate weakly in a single - side approach, short - crack the low - sulfur and high - sulfur fuel oils for arbitrage, and wait and see for options [125][126][127]. - **Natural Gas**: The LNG price is in a downward trend, and the HH price continues to correct. The natural gas market is affected by factors such as weather and supply - demand relationships. It is recommended to buy the HH2602 contract in a single - side approach, wait and see for arbitrage, and sell TTF call options [127][128][132]. - **LPG**: The supply increases slightly, and the demand elasticity is insufficient. The LPG market is affected by factors such as international prices and supply - demand relationships. It is recommended to short the 03 contract on rallies in a single - side approach, wait and see for arbitrage, and sell call options [130][131][133]. - **PX & PTA**: The PX operation rate remains high, and the PTA has a stock - accumulation expectation. The PX & PTA market is affected by factors such as supply - demand and oil prices. It is recommended to oscillate weakly in a single - side approach, short - PX and long - PTA for the 3 - 5 & 1 - 5 contracts for arbitrage, and use the double - selling option strategy [133][134][135]. - **BZ & EB**: The pure benzene supply - demand is loose, and the styrene basis weakens. The BZ & EB market is affected by factors such as supply - demand and oil prices. It is recommended to oscillate weakly in a single - side approach, short - pure benzene and long - styrene for arbitrage, and sell out - of - the - money call options [137][138][139]. - **Ethylene Glycol**: The inventory has a de - stocking pressure. The ethylene glycol market is affected by factors such as supply - demand and downstream production. It is recommended to oscillate weakly in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options [141][142][143]. - **Short - Fiber**: The supply - demand is weak. The short - fiber market is affected by factors such as supply - demand and downstream consumption. It is recommended to oscillate weakly in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options [145][146]. - **Bottle Chips**: The supply - demand is relatively loose. The bottle - chip market is affected by factors such as supply - demand and new - device production. It is recommended to oscillate weakly in a single - side approach, wait and see for arbitrage, and sell out - of - the - money call options [147][148][149]. - **Propylene**: The operation rate increases, and the inventory is at a high level. The propylene market is affected by factors such as supply - demand and raw material prices. It is recommended to short on rallies in a single - side approach, wait and see for arbitrage, and sell call options [150][151][152]. - **Plastic PP**: The apparent demand for PE and PP increases. The plastic PP market is affected by factors such as supply - demand and macro - economic data. It is recommended to hold long positions for the L 2605 contract in a single - side approach and wait and see for the PP 2605 contract, wait and see for arbitrage, and wait and see for options [152][154][155]. - **Caustic Soda**: It shows an oscillating trend. The caustic soda market is affected by factors such as supply - demand and production costs. It is recommended to oscillate in a single - side approach, wait and see for arbitrage, and wait and see for options [155][156][157]. - **PVC**: It oscillates at the bottom. The PVC market is affected by factors such as supply - demand and export policies. It is recommended to wait and see in a single - side approach, wait and see for arbitrage, and wait and see for options [158][159][160]. - **Soda Ash**: The price oscillates after the contract change. The soda ash market is affected by factors such as supply - demand and new - capacity production. It is recommended to keep the price stable this week in a single - side approach, wait and see for arbitrage, and wait and see for options [160][161][162]. - **Glass**: The glass price oscillates. The glass market is affected by factors such as supply - demand and real - estate data. It is recommended to oscillate in a single - side approach, wait and see for arbitrage, and wait and see for options [163][164][165]. - **Methanol**: It oscillates at the bottom. The methanol market is affected by factors such as international device operation rates and supply - demand relationships. It is recommended to oscillate in a single - side approach [166][169]. - **Urea**: The trading is stable, and the futures oscillate weakly. The urea market is affected by factors such as supply - demand and international prices. It is recommended to oscillate in a single - side approach [170][173][174]. - **Pulp**: There is a weak reality and a strong expectation, and it is recommended to pay attention to the warehouse - receipt registration and port inventory changes. The pulp market is affected

Market Performance - On December 12, 2025, A-shares saw all three major indices rise, with the Shanghai Composite Index closing at 3889.34 points, up 0.41% [1] - The Shenzhen Component Index closed at 13258.33 points, up 0.84%, and the ChiNext Index closed at 3194.36 points, up 0.97% [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.09 trillion yuan, an increase of 230 billion yuan from the previous trading day [1] - Hong Kong's stock market indices rebounded strongly, with the Hang Seng Index rising 1.75% to 25976.79 points, and a total trading volume of 242.657 billion HKD [1] - In contrast, U.S. stock indices collectively fell, with the Dow Jones down 0.51%, the Nasdaq down 1.69%, and the S&P 500 down 1.07% [1] Economic Policies - On December 14, 2025, three departments issued a notice to enhance collaboration between commerce and finance to boost consumer spending [2] - The notice emphasizes upgrading consumer goods, particularly durable goods and digital products, and improving financial services for consumer loans [2] - Financial institutions are encouraged to collaborate with platforms and key merchants to enhance payment options and better meet consumer needs [2] - The policy aims to rationally determine loan issuance ratios, terms, and interest rates based on customer repayment ability and credit status [2] Green Development Initiatives - At the 2025-2026 China Economic Annual Conference, a government official highlighted the transition to carbon emission control starting next year [3] - The focus will be on promoting green transformation and developing a new energy system, including expanding the application of green electricity [3] - The initiative includes fostering new growth points such as hydrogen energy and green fuels, and establishing zero-carbon parks and factories [3]