来源：申万宏观·赵伟团队 文| 赵伟、贾东旭、侯倩楠 联系人| 贾东旭 元旦后，多地密集召开"新年第一会"，擘画全年重点工作，地区侧重有何不同，2026年初经济潜在空间几何，如何跟踪研判？本文分析，可供 参考。 一、热点思考：新年第一会，谁在抢跑？ （一）中央如何靠前发力，筑牢年初经济稳定基础？政府投资前置加码，以旧换新政策续接 政府投资前置加码，国家发改委已下达2026年提前批"两重"建设项目清单及中央预算内投资，合计2950亿元。相较2025年提前批，本次新增950 亿元，其中"两重"项目资金保障力度加大，规模达2200亿元，重点投向城市地下管网、高标准农田等领域；中央预算内投资超750亿元，重点覆 盖城市更新、水利等领域。资金前置部署，或助力一季度投资"止跌回稳"。 以旧换新政策续接更精准，国家发改委、财政部提前10天（较2025年初）下达首批625亿元超长期特别国债资金支持该政策。汽车改定额补贴为 比例补贴，新增2019年前注册新能源车的报废要求；家电精简至6类1级能效补贴，比例降至15%（单件上限1500元）；数码新增智能眼镜补 贴。全国统一领域标准不变，地方可自主确定配套领域政策。 动能培育持续赋 ...

Core Insights - Multiple regions in China, including Shanghai, Liaoning, and Hubei, have held meetings at the beginning of 2026 to focus on developing new productive forces, strengthening business entities, and optimizing the business environment, indicating a strong commitment to high-quality development [1][2][3] Group 1: Meeting Themes and Objectives - Shanghai has prioritized optimizing the business environment for nine consecutive years, launching a plan with 26 specific measures to address issues like bidding and payment delays [2] - Liaoning's meeting focused on eight key areas for improving the business environment, establishing a closed-loop management mechanism to address violations [2] - Hubei's technology innovation conference emphasized becoming a hub for original innovation and talent, showcasing a commitment to innovation-driven high-quality development [2][4] Group 2: Strategic Focus and Implementation - The early timing of these meetings signals a strong urgency to seize opportunities and address challenges, with specific task lists and project outlines being established [3] - Regions are aligning their strategies with national priorities, focusing on systemic support for business development and innovation, moving from single-point policies to integrated systems [4][5] - Emphasis on enhancing the role of enterprises in innovation is a key direction set by the central economic work conference, with various regions implementing measures to support both private and state-owned enterprises [4][5] Group 3: Investment and Economic Growth - Major project construction is highlighted as a key driver for economic stability, with regions like Yunnan and Shenzhen planning significant investments in industrial projects [8] - Investment strategies are shifting towards green energy and circular economy projects, focusing on efficiency and sustainability [8] - The emphasis on high-quality development includes addressing financial risks and ensuring food and energy security, with specific measures being deployed across various regions [9] Group 4: Social Welfare and Development - Many regions are prioritizing social welfare projects, including employment, education, and healthcare, to ensure a safety net for citizens [9] - Initiatives in urban renewal and rural revitalization are being emphasized to enhance living standards and prevent poverty [9]

Core Viewpoint - Shanghai is continuously enhancing its business environment through systematic reforms, aiming to create a world-class market-oriented, law-based, and international business environment to support high-quality development [10][13]. Group 1: Business Environment Reforms - The 2026 Action Plan for Optimizing the Business Environment was released, marking the ninth consecutive year of such initiatives, evolving from "point breakthroughs" to "systematic reforms" [10]. - Shanghai's business environment has been rated as the best globally in 22 assessment points according to the World Bank's latest survey of 119 economies [13]. - The implementation of "one industry, one certificate" and "one network for all services" has significantly reduced the number of required documents and processing times for businesses [11]. Group 2: Technological and Regulatory Innovations - The introduction of a new regulatory framework for autonomous driving technology allows for real-time data synchronization with regulatory platforms, fostering innovation [13]. - The establishment of a city-level foreign-related intellectual property protection coordination mechanism aims to reduce the costs of cross-regional rights protection for enterprises [13]. Group 3: Systematic Problem Solving - The approach to business environment improvement has shifted from addressing individual issues to solving systemic problems, enhancing overall operational efficiency [12]. - Dedicated personnel in economic zones facilitate communication between businesses and various government departments, addressing issues like traffic congestion and infrastructure needs [12]. Group 4: High-Level Open Economy - Shanghai is exploring regulatory frameworks for high-tech industries, such as CAR-T cell commercialization, ensuring efficient processing from import to production [14]. - The establishment of the Shanghai International Reinsurance Registration Trading Center is set to enhance global reinsurance business efficiency [15]. - The replication of 77 pilot measures from the Shanghai Free Trade Zone to the national level signifies the city's role as a model for higher-level opening-up [15].

Core Insights - The article discusses the economic development and challenges faced by the Minhang District, focusing on enhancing the business environment and boosting consumer confidence. Group 1: Economic Development and Business Environment - Minhang District's state-owned assets commission has maintained a revenue of 66 million yuan for two consecutive years, raising questions about future growth and profitability [7] - The district is learning from the "Hangzhou model" to improve its business environment, focusing on enhancing the real benefits for enterprises and breaking down internal data barriers [4][5] - The district plans to optimize its state-owned asset layout, concentrating resources on regional development strategies and improving the core competitiveness of state-owned enterprises [7] Group 2: Consumer Confidence and Spending - There is a concern that citizens are hesitant to spend, prompting discussions on how the government can stimulate demand-side consumption [8] - The district aims to create diverse consumption scenarios, such as promoting nighttime economy and cultural tourism, to enhance consumer engagement [10] - Policies like car purchase subsidies and consumption vouchers are being implemented to alleviate consumer pressure and stimulate spending [10] Group 3: Future Industry Development - The district is focusing on future industries, including advanced energy equipment, aerospace, and biomedicine, while also exploring emerging sectors like brain-computer interfaces and low-altitude economy [14] - Minhang is leveraging its strong research capabilities from local universities to foster innovation and the development of future industries [14]

Core Viewpoint - Shanghai is continuously enhancing its business environment through systematic reforms, aiming to create a world-class ecosystem that supports high-quality development and integrates government, enterprises, and society into a cohesive operational framework [1][4]. Group 1: Business Environment Improvements - The 2026 action plan for optimizing the business environment in Shanghai emphasizes a shift from "point breakthroughs" to "systematic reforms," focusing on reducing processes and materials while enhancing rule coordination based on enterprise experiences [1][4]. - The implementation of "one industry, one certificate" and "one network for all services" has led to a significant reduction in required materials and processing times, directly benefiting enterprises [2][3]. Group 2: Technological and Regulatory Innovations - Shanghai is adopting new regulatory frameworks to accommodate emerging technologies, such as autonomous vehicles, by redefining traditional concepts to allow for innovation [4]. - The introduction of a "check code" system has improved regulatory oversight by making inspections traceable and manageable, addressing previous concerns about redundant checks [3]. Group 3: Institutional Support for Enterprises - The 2026 action plan introduces the "big business" concept, focusing on four key areas: government services, market competition, industrial ecology, and social governance, directly addressing the pain points faced by enterprises [4]. - A case of intellectual property infringement in Shanghai highlights the city's commitment to protecting innovation, with significant penalties imposed on violators, thereby enhancing the business climate for new technologies [4]. Group 4: Infrastructure and Service Enhancements - Shanghai is optimizing approvals for street vending and promoting a vibrant night economy, contributing to a more attractive business environment that retains talent and investment [5]. - The establishment of a "green electricity" coordination mechanism aims to streamline energy supply for enterprises, reducing the need for repeated negotiations and providing stable expectations for energy needs [5]. Group 5: Global Market Integration - The Shanghai International Reinsurance Registration and Trading Center is set to enhance global reinsurance operations, showcasing Shanghai as an efficient market for international business [6]. - The Shanghai Futures Exchange's pricing mechanisms are gaining recognition globally, with "Shanghai prices" becoming a reference point in the rubber trade, reflecting the reliability of the city's regulatory framework [6].

中新网杭州1月15日电(赵晔娇 郭其钰)1月15日，在浙江省十四届人大四次会议上，浙江省高级人民法院 代院长郑青、浙江省人民检察院检察长林贻影分别作工作报告，提出优化民营经济法治环境，贯彻《中 华人民共和国民营经济促进法》，以法治保障营造一流营商环境。 法治是最好的营商环境，在经济大省浙江尤为如此。"法治浙江"提出二十年来，良法善治成为推动民营 经济发展的重要支撑。透过2025年法检两院的工作报告，亦可看到该省向广大民营企业释放的法治信 心。 四届人大四次会议现场。 张斌 摄 浙江省十 信心之一，在于依法平等保护各类经营主体。 2025年，浙江法院妥善审结涉企案件63.8万件，浙江检察机关起诉破坏社会主义市场经济秩序犯罪 10748人，着力保障市场公平有序。 在司法实践中，破产审判具有"有效拯救"和"有序出清"的积极作用。2025年，浙江法院审结破产案件 3997件，化解不良金融资产415.46亿元，盘活土地1.11万亩、房屋203.95万平方米，安置职工6200余 名。 宁波某老字号酿酒公司因债务危机陷入困境，北仑法院坚持"可重整不清算"，府院联动成功引入战略投 资者，助力企业涅槃重生，年销售收入超1.2亿 ...

Core Viewpoint - The chairman of Xibei, Jia Guolong, acknowledged the company's plan for "large-scale store closures" while defending Huashan against online attacks, emphasizing the need for better public relations and support for private enterprises facing online harassment [1][3][4]. Group 1: Company Actions and Statements - Xibei is facing significant challenges, including a decision to close multiple stores, which Jia Guolong publicly admitted [1][3]. - Jia Guolong expressed that he has been the target of online harassment and that anyone who spoke in support of Xibei faced similar backlash [1][2][5]. - The company has a long-standing partnership with Huashan, focusing on brand building and operational consulting, and Jia reaffirmed his commitment to this collaboration despite the current challenges [4][5]. Group 2: Industry Context and Concerns - Jia highlighted the broader issue of online bullying and the need for regulatory bodies to address the negative impact of such behavior on the business environment [2][4]. - He criticized the perception that only foreign brands are legitimate, questioning why domestic entrepreneurs are often labeled as "local bosses" [5]. - The statement emphasized the importance of maintaining a stable business environment and supporting private enterprises that may lack public relations expertise [2][4].

Core Viewpoint - The chairman of Xibei, Jia Guolong, acknowledges the company's plan for "large-scale store closures" while defending Huashan against online attacks, emphasizing the need for better public relations and support for private enterprises facing online harassment [1][4]. Group 1: Company Background and Operations - Xibei has been collaborating with Huashan for ten years, focusing on brand building and operational consulting, and has not engaged in public relations efforts, prioritizing customer service and food quality [5][6]. - The company trains all employees with the motto of "real, sincere, and genuine," which Jia believes is the best form of public relations [5][6]. Group 2: Online Harassment and Response - Jia highlights that anyone who spoke in support of Xibei faced online harassment, citing examples of individuals like Yu Donglai and Yu Minhong who were attacked for their comments [1][4]. - He questions the lack of regulatory oversight regarding online harassment and the need for a stable business environment to support private enterprises [4][6]. Group 3: Commitment to Collaboration - Jia expresses a commitment to continue collaborating with Huashan, stating that Huashan is a loyal partner and the best consulting company [5][6].

Core Viewpoint - The chairman of Xibei, Jia Guolong, acknowledges the company's significant store closures while defending the brand and its partnership with Huashan, emphasizing the importance of authenticity and customer service over public relations efforts [2][6]. Group 1: Company Response to Online Criticism - Xibei faced online harassment and defamation in September of the previous year, which Jia Guolong claims he personally addressed without relying on public relations strategies [2][6]. - Jia Guolong expresses that he is open about the company's kitchen operations and has no secrets to hide, questioning the need for public relations when the company prioritizes food quality and customer satisfaction [7]. Group 2: Partnership with Huashan - Xibei has collaborated with Huashan for ten years, focusing on brand building and operational consulting, and Jia Guolong defends this partnership against online attacks [2][6]. - The chairman highlights the loyalty and character of Huashan's founder, stating that despite the backlash, he intends to continue the partnership as long as Xibei remains operational [4][7]. Group 3: Industry Context and Challenges - Jia Guolong criticizes the online environment, suggesting that those who speak in support of Xibei face backlash, which raises concerns about the overall business climate and the need for regulatory oversight [4][7]. - He questions the perception of local entrepreneurs versus foreign brands, implying a bias against domestic companies in the public eye [3][7].

Group 1 - The core focus of the news is the successful implementation of major investment projects in Changsha, with a total of 221 projects and an investment amount of 239.59 billion yuan planned for 2025, including six projects with over 10 billion yuan each [1][3] - The conference highlighted the achievements in attracting investment, with six major projects successfully landing, including companies like Navitas, Zhonglian, and Huikong [3][10] - The event served as a platform for recognizing outstanding enterprises and projects, with awards given to significant investment projects and contributions from business associations [3][10] Group 2 - The Ruixian Technology OLED micro-display project is one of the ten landmark investment projects for 2025, focusing on VR, AR, and wearable devices, aiming to establish a leading production base in China [6] - The NetEase (Changsha) Digital Industry Center, located in the Malanshan Video Cultural and Creative Industry Park, aims to create a center for art production and game development, attracting over 50 ecological enterprises and generating over 1 billion yuan in annual revenue [9] - Multiple key policy documents were released during the conference, including a compilation of industrial policies to support project landing, a list of application scenarios, and a report on the investment environment in Changsha [10] Group 3 - Companies expressed positive feedback on Changsha's investment environment, highlighting the efficiency and support from local government and business teams [11][14] - The Zhongsheng Ocean Technology project, focusing on underwater information networks, is expected to achieve an annual output value of 8 billion yuan and tax revenue of over 350 million yuan upon completion [14] - Changsha is shifting its strategy from traditional subsidy competition to enhancing the business ecosystem, service quality, and investment environment, aiming to attract over 100 major projects with investments exceeding 500 million yuan by 2026 [15]