专题：2025基金高质量发展大会 宝盈基金作为公募基金的一员，我们也将持续围绕高质量发展这一核心任务，在推动"平台化、一体 化、多策略"投研体系升级、提升产品管理能力、助力居民财富管理、保护投资者权益、筑牢安全底线 等方面聚焦发力，通过深化内部沉淀、强化自我革新、拓展外部视野，持续夯实核心竞争力体系。以专 业能力为纽带，精准对接实体经济发展需求，深度融入中国式现代化与现代化经济体系建设浪潮，不断 探索创新服务模式，在时代发展进程中注入更多金融智慧，为国家经济高质量发展持续贡献坚实力量。 MACD金叉信号形成，这些股涨势不错！ 杨凯提出，"以道统术，以术得道，方能乘势而上"。在金融强国建设征程中，公募基金需以专业能力为 基石，在做好科技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"的同时，筑牢风险防 控底线，维护金融安全稳定。既要精进投研体系升级、产品创新之"术"，建立投资者为中心的价值框 架，增强投资者获得感、幸福感；又要精进风险管理之"术"，构建覆盖全业务流程的风险监测与预警机 制，强化合规文化建设，全面提升风险管理能力，从而在服务实体经济和居民资产配置中稳健前行，为 金融强国建设贡献坚实力量。 ...

Core Viewpoint - The development of China's futures and derivatives market has transitioned from a single closed system to a diverse and open one, with new tasks emerging under current conditions [1][2] Group 1: Market Development and Challenges - The domestic economy remains stable, but challenges such as technological changes, the energy revolution, and industrial restructuring persist [1] - The futures and derivatives market must align closely with the construction of a financial power and Chinese-style modernization to achieve high-quality development [1] Group 2: Market Functionality and Structure - The new tasks for the futures and derivatives market include enhancing functionality and maintaining stable market operations, which are closely linked to market structure and efficiency [1] - There is a need to improve the market system, especially the over-the-counter market, to diversify product types, increase market openness, and enhance the participation of industrial clients [1] Group 3: Strategic Recommendations - The establishment of a multi-tiered derivatives market is recommended, with a focus on accelerating product system improvement and enhancing international layout [2] - It is essential to develop dynamic adjustment mechanisms for margin management, trading and position limits, and abnormal trading monitoring [2] - Strengthening intermediary institutions, improving the legal framework, and exploring new derivatives operating models are crucial for supporting the construction of a financial power [2]

Core Viewpoint - The development of China's futures and derivatives market is undergoing significant changes due to new challenges and opportunities, with a focus on high-quality development in the context of modern Chinese economic strategies [1][2] Group 1: Market Development Trends - Since 2010, China's futures and derivatives market has transitioned from a single closed system to a diversified and open market [1] - The domestic futures market has successfully withstood major risks, achieving over twenty years of stable operation [1] - The market's functions and social influence have improved, establishing initial price influence and promoting the transformation of domestic spot trading methods [1] Group 2: Challenges and Opportunities - The market faces unprecedented changes, including technological transformations, the energy revolution, and the rapid development of digital currencies and virtual asset trading [1][2] - The global derivatives market is experiencing a shift, with trading increasingly concentrating in the Asia-Pacific region, alongside new trends in financial returns, carbon emissions, and digital asset trading [1] Group 3: Domestic Market Perspective - Despite a generally positive economic foundation, challenges remain, and vigilance against uncertainties is necessary [2] - The new tasks for the futures and derivatives market include enhancing market functions, which are closely linked to market structure [2] - There is significant potential for broad market participation, international influence, and the development of diverse derivative products and services [2]

国家外汇管理局副局长李红燕表示，国家外汇管理局紧紧围绕首都城市战略定位，全力支持 北京金融高质量发展，积极支持外汇管理创新政策率先落地北京，支持北京科创企业发展， 支持北京地区金融市场双向开放。下一步，将进一步加大工作力度， 支持北京对接国际高标 准经贸规则，先行先试更多首创性外汇政策，更好服务北京国家金融管理中心建设 。 来源：中国证券报 关注" 新华网财经 "视频号 更多财经资讯等你来看 潘功胜表示，中国人民银行积极支持北京市经济金融高质量发展，着力营造良好的货币金融 环境，支持重点经济领域发展，推动首都金融业平稳健康发展，优化北京金融营商环境。面 向"十五五"，中国人民银行将紧紧围绕金融强国建设，持续推动强大的中央银行与国家金融 管理中心建设互促共进， 支持完善首都金融功能布局，支持北京打造科技金融发展高地，推 动北京人民币国际化继续走在全国前列，不断提升北京国家金融管理中心的国际影响力 。 李云泽表示，金融监管总局全力支持加强北京国家金融管理中心功能建设，更好促进首都经 济社会高质量发展。进一步加强监管引领，强化金融机构功能定位，健全首都金融业态。 支 持金融政策先行先试，完善首都金融服务体系。深化金 ...

Core Viewpoint - The article emphasizes the importance of enhancing Beijing's role as a national financial management center, focusing on high-quality financial development and the integration of various financial policies and services to support the capital's economic growth [2][3][4]. Group 1: Central Bank's Role - The People's Bank of China aims to strengthen the functionality of Beijing as a national financial management center, supporting the city's economic and financial high-quality development while optimizing the financial business environment [2]. - The central bank will focus on promoting the internationalization of the Renminbi and enhancing Beijing's international influence as a financial center [2]. Group 2: Financial Regulatory Support - The Financial Regulatory Administration will implement the central government's decisions to enhance Beijing's financial management capabilities, ensuring better support for the capital's economic and social high-quality development [3]. - There will be an emphasis on regulatory guidance and strengthening the positioning of financial institutions to improve the financial service system in the capital [3]. Group 3: Capital Market Development - The China Securities Regulatory Commission plans to accelerate the development of the Beijing Stock Exchange to better serve innovative small and medium-sized enterprises, thereby enhancing the capital market's role in supporting the city's development [4]. - The focus will be on deepening investment and financing reforms and creating a new high ground for capital market reform and opening up [4].

Core Viewpoint - The articles emphasize the importance of strengthening Beijing as a national financial management center to support high-quality economic development and enhance the city's financial functions, aligning with national financial strategies and policies [1][2][3][4]. Group 1: Financial Management Center Development - The Beijing Municipal Party Secretary highlighted the need for a comprehensive approach to enhance the capital's financial work, emphasizing the role of finance in national economic modernization [1]. - The People's Bank of China is committed to supporting the high-quality development of Beijing's economy and finance, aiming to create a favorable monetary environment and optimize the financial business environment in the capital [2]. - The financial regulatory authority will implement policies to strengthen the financial service system in Beijing, promoting a stable and healthy development of the capital's financial sector [3]. Group 2: Capital Market and Innovation - The China Securities Regulatory Commission aims to integrate capital market development with the needs of the capital, focusing on supporting innovative small and medium-sized enterprises through the Beijing Stock Exchange [4]. - There is a push for comprehensive reforms in investment and financing, enhancing the multi-level market functions to better serve the economic development of Beijing [4].

Core Viewpoint - The article emphasizes the importance of enhancing Beijing's role as a national financial management center to support high-quality financial development in the capital, aligning with national strategies for modernization and economic growth [1][2][3]. Group 1: Financial Development Strategies - The Beijing municipal government aims to improve financial services to support the capital's development, focusing on optimizing funding for major national strategies and enhancing the financial environment in key areas [2][3]. - There is a commitment to fostering a first-class financial service system for technological innovation, with an emphasis on cultivating long-term capital to meet the financing needs of emerging industries [2][4]. - The article highlights the need for improved financing services for the real economy, particularly for private and small to medium-sized enterprises, to enhance financial market efficiency and support domestic demand [2][4]. Group 2: Regulatory and Institutional Support - The central financial management departments are tasked with strengthening the functions of Beijing as a national financial management center, ensuring a stable and secure financial environment [3][4]. - The People's Bank of China is focused on creating a favorable monetary environment to support the high-quality development of Beijing's economy and finance, while also promoting the internationalization of the Renminbi [3][4]. - The China Securities Regulatory Commission aims to integrate capital market development with the needs of the capital, enhancing the role of the Beijing Stock Exchange in supporting innovative small and medium enterprises [4][5]. Group 3: Collaborative Efforts and Future Directions - The article discusses the collaboration among various financial institutions and regulatory bodies to support Beijing's financial development, including the implementation of innovative foreign exchange policies [5]. - There is a focus on deepening the financial sector's openness and enhancing the capital market's functionality to better serve the capital's economic growth [4][5]. - The commitment to supporting the health industry and the aging economy through financial products is also highlighted, indicating a broader approach to financial inclusivity [2][4].

Core Viewpoint - The Beijing municipal government is actively promoting the construction of a national financial management center, aiming for high-quality financial development in the capital, with a focus on enhancing the Beijing Stock Exchange and optimizing the financial service environment [1][2][3]. Group 1: Financial Management Center Development - The Beijing municipal government, along with central financial authorities, is committed to strengthening the functions of the national financial management center, which is seen as a key task for the development of the financial sector [2][3]. - The central government emphasizes the importance of Beijing as a hub for financial resources and institutions, aiming to support the city's role in building a strong financial nation [2][3]. Group 2: Financial Services and Innovation - The government plans to optimize financial service mechanisms to create a market-oriented, law-based, and international business environment, leveraging Beijing's technological advantages [2][4]. - There is a focus on integrating advanced technologies such as big data, blockchain, and artificial intelligence into financial services to enhance efficiency and innovation [2][4]. Group 3: Policy Implementation and Achievements - Beijing has implemented nearly a hundred policies aimed at establishing itself as a national financial management center, leading in areas such as green finance and support for small and micro enterprises [5][6]. - The city has seen significant growth in various financial metrics, including a 14.1% increase in loans to technology enterprises, reaching a total of 1.27 trillion yuan [6][7]. Group 4: Capital Market Development - The capital market in Beijing is expanding, with over 800 companies listed and a leading position in direct financing [8]. - The Beijing Stock Exchange is being developed as a platform for innovative small and medium-sized enterprises, with ongoing reforms to enhance its service capabilities [4][8].

Core Viewpoint - The conference on the development of the Chinese bill market highlighted its critical role in connecting finance with the real economy, emphasizing the need for innovation and collaboration among financial institutions to enhance the market's efficiency and effectiveness [2][4][20]. Group 1: Importance of the Bill Market - The bill market is a vital component of China's financial system, serving as an important financing channel for enterprises and a key vehicle for monetary policy transmission [3][4]. - It plays an irreplaceable role in optimizing resource allocation, promoting economic structure adjustment, and serving the real economy [3][4]. Group 2: Institutional Contributions - Jiangxi University of Finance and Economics has established multiple research institutions, including the Jiu Yin Bill Research Institute, to explore the development of the bill market and promote its integration with the real economy [3][4]. - Jiujiang Bank has received several awards for its innovative practices in industrial finance and has been recognized as an "Excellent Comprehensive Business Institution" by the Shanghai Bill Exchange for three consecutive years [4][10]. Group 3: Challenges and Innovations - The banking sector is facing challenges such as narrowing interest margins and increasing asset quality pressures, prompting the need for small and medium-sized banks to reshape their business logic [5][10]. - The bill business is evolving from a traditional payment tool to a strategic safety net for small and medium-sized banks, expanding its value boundaries [5][10]. Group 4: Research and Development - The newly published book "Research on Financial Power Construction and the Development of the Chinese Bill Market" outlines the historical development of the bill market and its future directions, emphasizing its role in supporting the real economy [6][7]. - The book consists of four chapters, covering the development history, modernization efforts, current market trends, and insights from industry experts [7][8]. Group 5: Digital Transformation - The integration of digital technology in the bill market is expected to enhance efficiency and create new trends, such as the independent existence of bill accounts and the connection between small credit and bill acceptance [9][10]. - The Shanghai Bill Exchange has introduced a new generation of bill business systems to improve usability and risk management [12][13]. Group 6: Cultural and Strategic Development - The cultural aspect of the bill market is emphasized as essential for its development, focusing on credit culture, compliance, and innovation [13][14]. - Small and medium-sized banks are encouraged to adopt a differentiated strategy in bill business to enhance competitiveness and meet diverse customer needs [11][14].

Group 1 - The core viewpoint emphasizes the importance of finance as the lifeblood of the national economy and its critical role in modern economic development, highlighting the need for Beijing to contribute significantly to the construction of a financial powerhouse in the new era [1][5][8] - The Beijing Municipal Government is committed to enhancing the financial service mechanisms to create a market-oriented, law-based, convenient, and international business environment, leveraging technological advantages such as big data, blockchain, and artificial intelligence [5][6][8] - The focus is on improving financial services for the capital's development, including optimizing funding guarantees, fostering long-term capital for emerging industries, and enhancing financing services for the real economy [6][9] Group 2 - The meeting included participation from over a hundred domestic and foreign financial institutions, indicating strong collaboration between central financial management departments and local entities [5][10] - The Beijing Stock Exchange is being reformed to better serve innovative small and medium-sized enterprises, with an emphasis on expanding and improving the quality of listed companies [3][5] - The central financial authorities are committed to supporting Beijing's role as a national financial management center, enhancing its functions, and promoting high-quality economic and financial development [8][9][10]