中国发展网讯 1月14日,泉州市第十七届人民代表大会第五次会议开幕。肩负着全市人民的重托,来自各领域、各战 线的市人大代表齐聚一堂,以饱满的政治热情共谋发展大计、同绘美好蓝图,为奋力推进中国式现代化泉州实践注入 强劲动力。 开幕式上，与会代表认真履行宪法和法律赋予的职责,重点审查了三项核心文件:泉州市国民经济和社会发展第十 五个五年规划纲要草案、泉州市2025年国民经济和社会发展计划执行情况与2026年计划草案的报告,以及2025年预 算执行情况与2026年预算草案的报告。这三项文件的审查,既是对过往发展成果的检验,更是对未来发展方向、资源 配置的科学统筹,为"十五五"开局之年的发展筑牢基础。 根据大会日程安排，会议期间代表们还将陆续听取和审议市人大常委会、市中级人民法院、市人民检察院工作报 告等重要文件,依法完成选举事项,并审议通过市十七届人大五次会议决议。值得关注的是,本次大会将专门审议 《泉州市孤独症儿童关爱服务促进条例(草案)》,作为首部提请泉州市人民代表大会审议的地方性实体法规,该条例 的制定与审议既是泉州以法治思维保障民生福祉的生动实践,也是推进社会治理现代化的重要改革举措,将为特殊群 体关爱服务 ...

他还强调，爱国者治港不是口号，必须落实于实践中，对议员的期盼亦不是口号，希望议员履行治港的 重任中，勇于承担，在反映民意的过程中不会随波逐流，而是带领市民为他们提供正确的资讯和事实， 过滤错误信息，发挥治理者的影响力。 智通财经APP获悉，1月14日上午，香港特区行政长官李家超在香港立法会发言中指出，接下来行政立 法合作的主要"两个方面"：第一，主动融入和服务国家发展大局，包括主动对接"十五五"规划、更好统 筹发展和安全，加快发展北部都会区，巩固和提升香港国际竞争力等；以及第二，共同推动宏福苑火灾 后的支援和重建工作，推行系统性改革，打破利益藩篱，不允许悲剧再发生。 李家超向议员提及"三点期盼"，第一，贯彻行政主导与"爱国者治港"原则相适应的方针，坚持和完善行 政主导，确保行政立法良性互动，既互相制衡，又互相配合；第二，议员贯彻和遵守《立法会议员守 则》，以国家根本利益和社会整体利益行事，不追求个人政治利益与荣耀；第三，议员既要关心个别的 微观需要，亦要考虑社会整体的宏观利益；分析问题时，把握好五个系统关系，即全局和局部、当前和 长远、宏观和微观、主要矛盾和次要矛盾、特殊和一般的五个关系。 香港政府和香港立法 ...

Core Viewpoint - The annual conference for female entrepreneurs in Guizhou, themed "Blooming Youth, Together Hiring," was held in Guiyang, gathering over a hundred female entrepreneurs for expert lectures and experience sharing [1]. Group 1: Event Overview - The conference was co-hosted by the Guiyang-Guian Female Entrepreneurs Chamber of Commerce and the Guizhou Female Entrepreneurs Association, with notable attendees including Jiang Yun, Vice Chairwoman of the Guizhou Women's Federation, and Wei Dingmei, Vice Chairwoman of the Guiyang Municipal People's Congress [3]. - The conference featured a review of the 2025 work by Zhang Qin, President of the Guiyang-Guian Female Entrepreneurs Chamber of Commerce, and an outlook for 2026 by Zuo Fan, President of the Guizhou Female Entrepreneurs Association [3]. Group 2: Achievements and Contributions - Jiang Yun highlighted the significant role of female entrepreneurs in driving high-quality development in Guizhou, emphasizing their spirit of self-respect, confidence, independence, and strength [5]. - Wei Dingmei reported a 40% increase in membership from 82 to 115, with member enterprises generating over 200 million yuan in new investments and creating more than 1,000 jobs, alongside over 1 million yuan in cumulative charitable donations [7]. Group 3: Future Plans - Zhang Qin outlined the chamber's commitment to serving enterprises, linking resources, and giving back to society, while focusing on the integration of member enterprises into the high-quality development framework of Guiyang-Guian [9]. - The chamber aims to continue its development in alignment with the "14th Five-Year Plan" and the growth strategies of Guizhou and Guiyang, encouraging female entrepreneurs to actively contribute to the region's development [13]. Group 4: Expert Insights - The conference featured a lecture by renowned economist Yao Jingyuan, who provided insights into the macroeconomic landscape during the "14th Five-Year Plan" period and the industrial development layout in Guizhou, benefiting the attending female entrepreneurs [11].

来源：中粮期货研究中心 摘要 2026年的慢牛行情定价将从拔估值转向对盈利面趋势确认的转换，行情将在震荡中逐步上攻。成长风格 与小盘风格通常在春季行情中明显占优，但当前中小盘涨势远超大盘，需要关注1月中旬之后到春节前 市场逐步降温的可能。 元旦归来，市场表现更加强势。上证指数17连阳，打破了尘封33年的连阳历史纪录，时隔10年再次站上 4100点大关。市场交投持续火爆，成交额接连四日破3万亿元，本周一的3.6万亿、周二的3.7万亿天量成 交也创下成交额历史记录。 复盘本轮行情，中小盘、成长风格涨幅巨大，属于典型的春躁行情。只不过当前的行情启动相较过往的 时间有所提前，提前因素也与今年是十五五规划开局之年有所关系。归因来看，政策托底、资金涌入、 情绪凝聚三大核心因素共同合理铸造新历史。基本面上，宏观经济数据也出现积极信号，比如CPI、PPI 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 的爬坡缓解了市场对通缩的担忧。另一方面，全球产业趋势与国内产业热点形成共振，AI大模型成 熟、商业航天发射场计划启动、马斯克引领的产业变革等，中小盘、成长行业轮动行情进一步激活了市 场交易热情。 实际上从去年 ...

"十五五"规划建议强调要"促进制造业数智化转型"。目前，我国已累计建成7000余家先进级、500余家 卓越级智能工厂。工业互联网应用实现41个工业大类全覆盖，全国5G工厂超过8000家，重点工业互联 网平台设备连接数超过1亿台（套）。李乐成表示，2025年我国工业互联网核心产业规模预计超1.6万亿 元，带动工业增加值增长约2.5万亿元，具有全球领先水平的百家5G工厂平均运营成本降低19%。 央视网消息（新闻联播）：2026年是"十五五"规划开局之年。从今天（1月13日）开始，《新闻联播》 推出系列报道《权威访谈：开局"十五五"》，聚焦各部门推动经济高质量发展、落实各项重点工作的具 体举措。首先来看对工业和信息化部党组书记、部长李乐成的专访。 "十五五"时期，工业和信息化部将以推动科技创新和产业创新深度融合为路径，增强产业链供应链安全 可控水平，保持制造业合理比重。李乐成表示，要深入推进重大技术改造升级工程，打造集成电路、新 材料、航空航天等新兴支柱产业，推动生物制造、具身智能、6G等成为新的经济增长点。 李乐成表示，重点行业和地区的工业增加值占到工业总量的80%，是工业经济的基本盘。 ...

"十五五"规划专题 投 资 策 略 2025 年 1 月 13 日 "十五五"规划：循迹·探新——鉴往知来的产业 脉络与机遇航图 "十五五"规划专题报告 投资要点： 专 题 策 略 分析师：包冬青 SAC 执业证书编号： S0340520010001 电话：0769-26628039 邮箱： baodongqing@dgzq.com.cn 分析师：叶子沛 SAC 执业证书编号： S0340525070001 电话：0769-22119267 邮箱：yezipei@dgzq.com.cn 分析师：熊越 SAC 执业证书编号： S0340524080001 电话：0769-22118627 邮箱：xiongyue@dgzq.com.cn 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 分析师：曹君瑞 SAC 执业证书编号： S0340522090001 电话：0769-22119463 邮箱：caojunrui@dgzq.com.cn 分析师：费小平 SAC 执业证书编号： S0340518010002 电话：07 ...

Economic Outlook - The core viewpoint emphasizes that 2026 marks the beginning of the "15th Five-Year Plan," which is crucial for understanding future policies and economic environments. The focus will be on "comprehensive efforts" and "strategic initiative" in various sectors [3][4] - "Comprehensive efforts" suggests an acceleration in policy implementation across development and reform areas, while "strategic initiative" indicates an increase in proactive policy measures, particularly in domestic economic management and international trade [3][4] Policy Framework - The central economic work conference has highlighted an increased frequency of terms like "reform" and "opening up," indicating a shift in focus for 2026. The concept of "cross-cycle" has returned, but this does not imply a reduction in growth stabilization efforts [5][6] - Fiscal policy will remain proactive, ensuring necessary spending and debt levels, while monetary policy will emphasize flexibility and efficiency in using tools like interest rate cuts [6][5] Market Dynamics - The analysis of 2025 reveals three significant shifts: the weakening of post-pandemic scars, reduced impact from tariff conflicts, and the establishment of a coherent new policy framework since late 2024 [7][8][9] - The economic recovery in 2026 is characterized as "atypical," with limited volume elasticity and a focus on price normalization, leading to a nominal GDP recovery from approximately 4% in 2025 to around 5% in 2026 [9] Capital Market Insights - The relationship between the ten-year government bond yield and A-share dividend yield illustrates the emotional cycles in the capital market, which have been disrupted since 2022 due to long-term concerns about the Chinese economy [10][11] - Key events influencing market behavior include a policy shift in late 2024 and the introduction of DeepSeek, which has redirected investment thinking from macro to micro perspectives [12][11] Investment Behavior - The new tariff war initiated by the Trump administration has led to a reevaluation of investment strategies, with non-U.S. funds increasingly seeking opportunities in China as the perception of risk shifts [13] - The "anti-involution" policy has gained attention, indicating a structural approach to restoring corporate profitability and nominal GDP growth, which has initiated a domestic "funds rebalancing" process [13] Future Projections - The nominal GDP recovery is expected to continue driving the "funds rebalancing" process into 2026, with a potential rise in bond market interest rates and support for traditional sectors' profitability and valuation [14] - The RMB is anticipated to enter a period of appreciation, with a projected annual increase of 2-3%, which could attract foreign investment and positively impact the stock market [15]

Group 1 - Morgan Stanley has included China National Materials (002080.SZ) in its focus list for China and Hong Kong, while removing PetroChina (00857) from the list [1] - The outlook for China National Materials is positive, driven by the booming development of artificial intelligence infrastructure and the demand for energy storage systems (ESS) in China, which significantly boosts the demand for key raw materials for printed circuit boards (PCB) [1] - China National Materials is expected to see a rebound in profitability and revenue from its battery separator business, with projected earnings growth of 101%, 63%, and 45% year-on-year from 2025 to 2027 [1] Group 2 - China Ping An (601318.SH) has been added to the focus list for A-shares, with Morgan Stanley suggesting a re-evaluation of its rating due to improving fundamentals [1] - The valuation for China Ping An's A-shares is considered attractive, with a projected price-to-book ratio of 1.1 times for the fiscal year 2026 and a dividend yield exceeding 4% [1] - The return on equity (ROE) for China Ping An is expected to be around 15% [1]

Group 1 - Morgan Stanley has included China National Materials (002080) in its focus list for China and Hong Kong, while removing PetroChina (00857) from the list [1] - The outlook for China National Materials is positive, driven by the booming development of artificial intelligence infrastructure and the demand for energy storage systems (ESS) in China, which significantly boosts the demand for key raw materials in printed circuit boards (PCB) [1] - China National Materials is expected to see a rebound in profitability and revenue from its battery separator business, with projected earnings growth of 101%, 63%, and 45% year-on-year from 2025 to 2027 [1] Group 2 - China Ping An (601318) has been added to the focus list for A-shares, while PetroChina (601857.SH) has been removed [1] - The fundamentals of China Ping An are improving, and its A-share valuation is attractive, with a projected price-to-book ratio of 1.1 times for the fiscal year 2026 and a dividend yield exceeding 4% [1] - The return on equity (ROE) for China Ping An is expected to be around 15% [1]

中新网四川新闻1月13日电 成都东部新区12日召开2026年党工委工作会议，总结成都东部新区2025年工 作，研究讨论"十五五"规划和2026年经济工作要点，进一步凝聚共识、坚定信心，推动各项工作开创新 局面、迈上新台阶。 成都东部 新区城市核心区。成都东部新区 供图 引进86个重点项目 产业立城取得阶段性跨越 "十四五"时期，是成都东部新区获批省级新区以来全面开启建设的第一个五年，在四川省委省政府、成 都市委市政府的大力关心和支持下，成都东部新区基本形成了城市新区的空间格局、产业基础和治理体 系，初步实现了从拓荒起步到新城崛起、从白纸画图到产业立城的阶段性跨越—— 发展动能深刻重塑，实现从"一业独大"向"多元驱动"的战略性迈进。推动经济增长从"农业经济"向"开 放经济、园区经济、镇域经济"转变。天府国际机场建成投运后，迅速跻身全球繁忙机场行列，天府国 际空港综合保税区通过验收，产业布局实现战略性优化，累计引进重点产业化项目86个，总投资约1650 亿元，规上工业增加值持续保持两位数增长。 发展路径战略跃升，实现从"外延扩张"向"内涵提升"的关键性转型。过去五年，成都东部新区地区生产 总值连续跨越两个百亿级台 ...