2025年12月11日闭幕的中央经济工作会议，在深刻把握全球科技革命与产业变革大势的基础上，系统部 署了"坚持创新驱动，加紧培育壮大新动能"的战略任务。会议明确提出"实施新一轮重点产业链高质量 发展行动""深化拓展'人工智能+'，完善人工智能治理""创新科技金融服务"等关键举措，为我国构建现 代化产业体系、培育新质生产力指明了方向。这一系列部署既是对党的二十大精神的深入贯彻，更是应 对复杂国际环境、把握发展主动权的战略抉择。 一、实施新一轮重点产业链高质量发展行动：筑牢现代化产业体系根基 重点产业链高质量发展是建设制造强国的核心支柱。当前，全球产业链加速重构，呈现本土化、区域 化、多元化新特征。我国拥有全球最完整的产业体系和配套能力，但在部分关键核心技术、基础零部 件、高端装备等领域仍存在"卡脖子"风险。实施新一轮重点产业链高质量发展行动，必须聚焦系统性、 攻坚性、协同性三大关键。 精准识别产业链薄弱环节，实施靶向攻坚。根据工业和信息化部产业基础能力建设相关统计，我国在新 能源汽车、光伏、通信设备等领域已形成全球竞争优势，但高端芯片、工业母机、基础软件等关键领域 对外依存度仍处于较高水平。新一轮行动应建立产业 ...

Group 1 - The primary task is to maintain domestic demand as the leading force and build a strong domestic market, which is crucial for economic stability amidst international uncertainties [2] - The second task emphasizes innovation-driven growth, highlighting the need for increased market demand to stimulate corporate innovation and economic momentum [2] - The third task focuses on deepening reforms to enhance high-quality development, which is essential for generating new momentum and increasing market vitality [4] Group 2 - The fourth task is to uphold openness and promote win-win cooperation across multiple fields, despite challenges from unilateralism and protectionism in the international environment [4] - The fifth task stresses coordinated development to promote urban-rural integration and regional collaboration, which is vital for achieving common prosperity and modernization [5] - The sixth task is to lead with "dual carbon" initiatives, committing to comprehensive green transformation and environmental protection [6] Group 3 - The seventh task prioritizes people's livelihoods, aiming to improve the quality of life and ensure that every citizen experiences happiness and pride [8] - The eighth task involves maintaining a strong bottom line by proactively and prudently addressing risks in key areas, particularly in real estate and local government debt [8]

12月10日至11日在北京举行的中央经济工作会议明确提出"坚持创新驱动，加紧培育壮大新动能"，为资 本市场如何更好服务科技创新指明了清晰路径。 远东资信研究院副院长张林在接受《证券日报》记者专访时表示，信用评级机构作为金融市场的重要基 础设施之一，长期以来承担着信用风险"看门人"的重要角色。在新发展机遇面前，信用评级行业的展业 理念和技术手段需要与时俱进，不断优化。 在张林看来，通过更加前瞻性而非历史性的评级技术，信用评级机构可以推动长期资本与耐心资本的形 成，主动服务于长期主义投融资体系的构建过程。这也意味着评级方法需要更加注重企业的创新能力、 技术储备、市场前景等前瞻性指标。 会议指出，坚持创新驱动，加紧培育壮大新动能。今年以来，债券市场"科技板"落地生效，精准激活科 技金融新动能。在此过程中，信用评级行业及时优化科创债评级体系，将专利储备、研发能力、团队治 理等非财务指标纳入评级技术体系。"未来，信用评级机构需要苦练内功，加强围绕股、债、贷联动的 信用体系开发并创新信用评级技术。"张林说。 张林表示，信用评级机构需要科学有序地将大数据、人工智能等金融科技纳入到评级技术体系中，不断 提升服务科技金融大文章 ...

Core Points - Chengdu aims to exceed a GDP of 3.2 trillion yuan by the end of the 15th Five-Year Plan, indicating a need for annual GDP growth of over 1.4 billion yuan during this period [2][4][5] - The development strategy for the 15th Five-Year Plan focuses on "innovation-driven, open leadership, integration of science and industry, and strong counties and active districts" to address the city's development challenges [4][5] - Chengdu's positioning includes becoming a national economic center, technology innovation center, international consumption center, and cultural creative center, while also establishing itself as a key base for advanced manufacturing and digital cultural industries [5][10] Economic Development - Chengdu's industrial revenue has crossed three trillion yuan during the 14th Five-Year Plan, with significant growth in electronic information and equipment manufacturing sectors [6][7] - The city plans to build a modern industrial system centered on advanced manufacturing, enhancing the global competitiveness of its existing industries while developing new sectors like artificial intelligence and low-altitude economy [7][9] Regional Integration - Chengdu will enhance its role in the Chengdu-Chongqing economic circle by promoting collaborative development through five key initiatives, including building an international transportation hub and a world-class advanced manufacturing cluster [9] - The "strong counties and active districts" strategy aims to foster differentiated development across urban and rural areas, enhancing overall regional balance and support for the Chengdu metropolitan area [9] Digital Cultural Industry - Chengdu is prioritizing the development of the digital cultural industry, with plans to exceed 410 billion yuan in total scale by 2025 and 600 billion yuan by 2030, positioning itself as a national leader in this sector [11][12] - The city has implemented a comprehensive policy package to support the digital cultural industry, including the establishment of a 3 billion yuan fund for sci-fi and future industries [11] Quality of Life - Chengdu has been recognized as the "most livable city" for 17 consecutive years, with initiatives aimed at enhancing quality of life through employment, education, healthcare, and environmental improvements [13][14] - The city plans to implement policies that promote happiness and well-being, focusing on sustainable urban development and ecological quality [13][14]

Core Viewpoint - Chengdu aims to exceed a GDP of 3.2 trillion yuan by the end of the 15th Five-Year Plan, building on the foundation of the 14th Five-Year Plan, which requires an annual increase of over 1.4 trillion yuan during this period [1][3]. Group 1: Development Strategy - The development strategy for the 15th Five-Year Plan includes "innovation-driven, open leadership, integration of science and industry, and strong counties and active regions," addressing the constraints on high-quality development [5]. - Chengdu's development positioning includes building five centers: economic, technological innovation, international exchange, international consumption, and cultural creativity centers, along with five key areas: a major carrier for national strategic technology, an advanced manufacturing base, a digital cultural and creative industry hub, a new high ground for reform and opening up, and a high-quality livable area [5][9]. Group 2: Industrial Development - Chengdu's industrial revenue is expected to cross three trillion yuan during the 14th Five-Year Plan, with the goal of establishing a modern industrial system centered on advanced manufacturing [7]. - The city plans to enhance the resilience, advantages, and vitality of its industrial chains, focusing on global competitiveness in existing industries and developing new sectors like artificial intelligence and quantum technology [7]. Group 3: Regional Integration - Chengdu will enhance its role in the Chengdu-Chongqing economic circle and urban agglomeration, promoting collaborative development through five key initiatives, including building an international transportation hub and a world-class advanced manufacturing cluster [9]. Group 4: Digital Cultural and Creative Industry - The digital cultural and creative industry is highlighted as a new urban development focus, with plans to elevate its total scale to over 600 billion yuan by 2030, supported by a comprehensive policy framework and significant investment in related projects [11][12]. Group 5: Quality of Life and Happiness - The city emphasizes improving the quality of life, focusing on employment, education, healthcare, and social security, while also enhancing environmental quality to maintain its reputation as a "most livable city" [13].

会议用"五个必须"科学总结了做好新形势下经济工作新的认识和体会，并提出我国经济长期向好的支撑条件和基本趋势没有改变，要坚定信心、用好优 势、应对挑战，不断巩固拓展经济稳中向好势头。 中央经济工作会议12月10日至11日在北京举行。会议指出今年我国经济社会发展主要目标将顺利完成。这一年，中国经济有哪些亮眼表现？如何看待当 前经济形势？专家对此进行了解读。 今年我国经济社会发展 主要目标将顺利完成 0:00 / 1:22 中央经济工作会议指出，今年是很不平凡的一年，我国经济顶压前行，向新向优发展，现代化产业体系建设持续推进，改革开放迈出新步伐，重点领域 风险化解取得积极进展，民生保障更加有力。 国家信息中心经济预测部宏观经济研究室副主任 邹蕴涵：今年以来，全球经济增长持续放缓，我国经济总体保持了平稳的发展态势，各方的积极性、 主动性充分调动，各类宏观政策持续加力显效，共同推动经济的内生增长动力不断壮大，全年的各项指标将顺利完成，我国的经济高质量发展迈出了坚实的 步伐。 国家信息中心经济预测部宏观经济研究室副主任邹蕴涵：会议实际上毫不讳言地直面我们当前面对的非常突出的矛盾，比如说我们经济里边供强虚弱的 问题，并且对 ...

展望2025年，中国城市经济版图跃然纸上，一份预测榜单揭示了令人瞩目的发展蓝图。上海以56,880亿元的傲人经济总量稳坐头把交椅，尽显龙头风范；紧 随其后的北京亦不甘示弱，预计将达到52,630亿元。而深圳，这座充满活力的创新之都，正以38,910亿元的GDP逼近四万亿大关，位列第三。 榜单中，新一线城市如成都、杭州等展现出令人欣喜的增长速度，为中国经济注入新鲜血液。更值得关注的是，温州首次突破万亿GDP，达到10,307亿元， 标志着区域经济发展迎来了新的里程碑，也预示着中国经济发展更加均衡。此外，福州正奋力追赶郑州，二者差距不断缩小，也暗示着东部沿海城市群的崛 起。 | | 2025年全国GDP30强城市预测 | | | | | --- | --- | --- | --- | --- | | 城市 排名 | | 2025年GDP（亿元） 2024年GDP(亿元) 增量(亿元) | | 名义增速 | | 1上海 | 56,880.12 | 53,926.71 | 2,953.41 | 5.48% | | 2北京 | 52,630.15 | 49,843.10 | 2,787.05 | 5.59% | | 3 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 梁银妍）中央经济工作会议提出，坚持创新驱动，加紧培育壮大新动能。 君联资本表示，这为金融行业服务国家发展大局指明了实践路径。面对新一轮科技革命和产业变革的浪 潮，投资机构应成为助力国家科创战略的"耕耘者"、探索科技金融体制机制创新的"探路者"、打通科技 —产业—金融良性循环的"建造者"。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 梁银妍）中央经济工作会议提出，坚持创新驱动，加紧培育壮大新动能。 君联资本表示，这为金融行业服务国家发展大局指明了实践路径。面对新一轮科技革命和产业变革的浪 潮，投资机构应成为助力国家科创战略的"耕耘者"、探索科技金融体制机制创新的"探路者"、打通科技 —产业—金融良性循环的"建造者"。 一是，聚焦原始创新，培育"第一"与"唯一"。君联资本表示，投资机构应长期聚焦前沿原创和自主创 新，将投资触角精准伸向致力于解决关键技术领域"卡脖子"难题、培育全球竞争力的科技企业。 二是，创新科创金融服务模式。据君联资本介绍，公司积极探索了多项创新模式，形成了"区域锚定 +阶段聚焦"的硬科技培育路径，专门瞄准关键核心技术攻关与成果 ...

Group 1: Economic Policy Insights - The Central Economic Work Conference held on December 11, 2025, emphasized the need to balance supply and demand, noting a shift from "insufficient demand" in 2024 to "prominent contradictions between strong supply and weak demand" in 2025[4] - The policy aims to "continuously expand domestic demand and optimize supply," indicating a focus on improving both new and existing economic structures[4] - Fiscal policy is expected to maintain a deficit rate around 4%, with an emphasis on optimizing expenditure structures and addressing local fiscal challenges[4] Group 2: Monetary Policy and Market Stability - Monetary policy will be adjusted flexibly in response to economic changes, with a focus on stabilizing growth and ensuring reasonable price recovery[4] - The policy statement has shifted to "flexibly and efficiently utilize" monetary tools, with expectations for structural support to be enhanced[4] - The emphasis on "reducing risks and improving quality" for small financial institutions suggests a potential acceleration in mergers within this sector[6] Group 3: Domestic Demand and Innovation - Strengthening domestic demand is a priority, with plans to implement policies that boost consumer income expectations and confidence, thereby promoting sustainable consumption growth[4] - The conference highlighted the importance of innovation in driving industrial development, with a focus on nurturing new growth drivers and enhancing the innovation ecosystem[6] - There is a commitment to invest more resources in international technology innovation centers, particularly in major urban areas like Beijing and Shanghai[6] Group 4: Risk Factors - Potential risks include slower-than-expected policy implementation, persistent weak consumer confidence, and unexpected changes in overseas trade policies[6]

首次在中央文件提出"五个必须"，这既是对去年经济工作规律性认识的总结和升华，又对明年经济工作具有重要指导意义 文｜《财经》记者 孙颖妮 编辑 | 王延春 12月10日至11日，中央经济工作会议在北京举行。会议分析当前经济形势，部署2026年经济工作。 回顾即将过去的2025年，会议指出，今年是"很不平凡的一年"。中国社科院美国研究所研究员、副所长徐奇渊向《财经》表示，今年的确很不平 凡，2024年末，在中美贸易摩擦背景下，国内外诸多经济学家对今年的经济增长呈悲观态度，各类国际经济机构对今年中国经济增速的预测只是 略高于4%，但是后来我们都看到，中国经济扛住了关税战的冲击，外部环境还实现了阶段性缓和。今年外贸表现大超预期，总体经济增速也较平 稳，近期国际经济机构普遍上调中国增速预期，这表明中国经济具有较大韧性。 对于全年的经济增速，中国金融四十人研究院预计，在上一轮增量政策的支持下，全年5%的增长目标能如期实现，四季度经济仍能保持平稳运 行。 《财经》注意到，12月以来，多家国际机构也上调中国经济增速预期，如IMF预计2025年中国经济增速为5%，较10月预测上调0.2个百分点。世界 银行预测为4.9%，较6月 ...