Core Viewpoint - The National Development and Reform Commission (NDRC) is implementing a new policy financial tool with a total scale of 500 billion yuan aimed at supplementing project capital, promoting effective investment, and ensuring stable economic development [1] Group 1: Economic Indicators - In August, key economic indicators showed fluctuations, but overall, the economy remained stable with high-quality development being advanced [1] - The added value of major industries such as equipment manufacturing and high-tech manufacturing grew by 8.1% and 9.3% year-on-year, respectively, outpacing the overall industrial growth rate [2] - The profit growth of industrial enterprises improved significantly, with profits turning from a decline of 1.7% in the first seven months to a growth of 0.9% from January to August, and a monthly growth of 20.4% in August [2] Group 2: Demand Side Analysis - The effectiveness of policies is evident, showcasing resilience and pressure resistance, with retail sales of old-for-new products maintaining rapid growth [3] - The retail volume of new energy vehicles increased by over 20% year-on-year in the first eight months, while service retail sales grew by 5.1% [3] - Manufacturing investment rose by 5.1% in the first eight months, with significant growth in information services and aerospace manufacturing investments [3] Group 3: External Trade - In August, the total import and export volume increased by 3.5% year-on-year, with exports to countries involved in the Belt and Road Initiative growing by 12.8% [3] - The diversification of trade continues to show positive results, indicating a robust external trade environment [3] Group 4: Future Outlook - The NDRC plans to continue implementing macro policies and enhance economic monitoring and forecasting to adapt to changing circumstances [3] - There is confidence in maintaining stable and healthy economic development and achieving annual targets as policy effects are fully realized [3]

Economic Performance - In August, China's industrial added value above designated size grew by 5.2% year-on-year, while the service production index increased by 5.6%, and retail sales of consumer goods rose by 3.4%, indicating a marginal weakening in economic indicators compared to the previous month [1] - The profit growth of industrial enterprises improved significantly, with profits for the first eight months turning from a decline of 1.7% to a growth of 0.9%, and a monthly increase of 20.4% in August compared to a decline of 1.5% in July [2] Supply-Side Analysis - The manufacturing and service sectors showed stable growth, with the added value of equipment manufacturing and high-tech manufacturing increasing by 8.1% and 9.3% respectively in August, outpacing the overall industrial growth rate [1] - Key sectors such as integrated circuits, aerospace equipment, industrial robots, civilian drones, and new energy vehicles maintained rapid growth [1] Demand-Side Insights - The consumption sector demonstrated resilience, with retail sales of new energy vehicles growing over 20% year-on-year in the first eight months, and service retail sales increasing by 5.1% [2] - Manufacturing investment rose by 5.1% in the first eight months, with significant growth in information services, aerospace, and computer equipment manufacturing investments [2] Policy and Financial Tools - The National Development and Reform Commission (NDRC) is implementing new policy financial tools aimed at supporting emerging industries and infrastructure, with a total scale of 500 billion yuan designated for project capital [4][5] - These new financial tools are intended to stimulate effective investment and are positioned as "quasi-fiscal" instruments to enhance capital availability for key projects [4]

李超在国家发改委29日举行的新闻发布会上说，为促进金融更好服务实体经济，推动扩大有效投资，国 家发改委会同有关方面积极推进新型政策性金融工具有关工作。 谈及相关工作进展，她介绍，国家发改委正在会同有关方面，抓紧将新型政策性金融工具资金投放到具 体项目，后续将督促各地方推动项目加快开工建设，尽快形成更多实物工作量，推动扩大有效投资，促 进经济平稳健康发展。(完) 来源：中国新闻网 国家发改委：5000亿元新型政策性金融工具全部用于补充项目资本金 中新社北京9月29日电 (记者 王恩博)中国官方此前提出设立新型政策性金融工具，受到广泛关注。国家 发改委新闻发言人李超29日在北京透露，新型政策性金融工具规模共5000亿元人民币，全部用于补充项 目资本金。 今年4月召开的中共中央政治局会议提及，设立新型政策性金融工具，支持科技创新、扩大消费、稳定 外贸等。一段时间以来，中国多地密集召开相关政策宣讲会或对接会，引起市场注意。 编辑：王永乐 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索 ...

Economic Overview - The current economic operation faces numerous risks and challenges, with a complex external environment, and the foundation for economic recovery needs further consolidation [1][11] - In August, the overall economic operation remained stable due to sustained macro policy efforts, with high-tech manufacturing and equipment manufacturing value-added growing by 9.3% and 8.1% year-on-year, respectively [5][11] Policy Initiatives - The National Development and Reform Commission (NDRC) will implement macro policies to support economic stability and growth, including monitoring and forecasting economic conditions [1][11] - A new generation of smart terminal and intelligent body policies will be developed to create a clear, rule-respecting, and standardized policy environment [1][6] Financial Tools - A new type of policy financial tool has been introduced with a total scale of 500 billion yuan, aimed at supplementing project capital and promoting effective investment [2][25] Smart Technology Development - The NDRC will promote the application and popularization of new generation smart terminals and intelligent bodies through policy guidance, technological collaboration, and market expansion [3][15] - Support will be provided for private enterprises to participate deeply in the "Artificial Intelligence +" initiative, with measures to enhance access to computing power and data [4][24] Sector Growth - Key sectors such as integrated circuits, aerospace, industrial robots, civilian drones, and new energy vehicles have maintained rapid growth, contributing to the overall industrial performance [5][11] - The service sector also showed resilience, with a production index growth of 5.6% year-on-year, indicating a recovery in consumer demand [11][13]

Core Viewpoint - The National Development and Reform Commission (NDRC) is actively promoting new policy financial tools to support economic stability and growth, with a total scale of 500 billion yuan allocated for project capital supplementation [1][4]. Group 1: Economic Monitoring and Policy Implementation - The NDRC emphasizes the importance of continuous economic monitoring and timely policy adjustments in response to changing circumstances [3]. - Despite external pressures, China's economy is generally stable, with solid progress in high-quality development driven by macro policies [3]. - The NDRC plans to enhance macro policy implementation and strengthen economic monitoring to ensure sustained economic health [3]. Group 2: New Policy Financial Tools - The new policy financial tools amount to 500 billion yuan, specifically aimed at supplementing project capital [4]. - The NDRC is working to expedite the allocation of these funds to specific projects, aiming to accelerate construction and increase effective investment [4]. Group 3: Artificial Intelligence Integration - The NDRC is focusing on the integration of artificial intelligence in key sectors such as education, healthcare, and transportation, supporting enterprises in pilot demonstrations [5][6]. - A target for the application rate of new intelligent terminals and systems has been set for 2027, with a structured approach to policy development and standardization [5][6]. - The NDRC aims to foster collaboration between AI companies and industry leaders to drive innovation and application in various sectors [5][6]. Group 4: Support for Enterprises - The NDRC recognizes the critical role of private enterprises, especially SMEs, in the development of AI technologies and has proposed measures to support their participation [8]. - Policies will be implemented to enhance the development of domestic computing power, models, and data resources, facilitating greater involvement of private enterprises in AI initiatives [8].

Group 1 - The A-share market experienced a rebound today, with all three major indices closing in the green, and both the Shenzhen Component Index and the ChiNext Index rising over 2% [1] - The market showed a broad-based rally with over 3,500 stocks rising, and the trading volume in the Shanghai and Shenzhen markets reached 2.16 trillion, an increase of 146 billion compared to the previous trading day [2][3] - The financial sector, particularly securities and insurance, performed well in the afternoon, supported by a recent central bank meeting emphasizing the implementation of a moderately loose monetary policy to boost credit supply [4] Group 2 - The National Development and Reform Commission (NDRC) announced a new policy to promote effective investment, introducing a new type of policy financial tool with a total scale of 500 billion, aimed at supplementing project capital [5] - Short-term market trends may remain volatile, but holding stocks during the holiday is considered reasonable due to expected continued positive policies and limited risk during the holiday period [6][7] - There is an expectation of sustained high inflow levels into the stock market, with financing and foreign capital likely to return seasonally after the holiday, and new fund issuance expected to rise [8]

李超表示，正在会同有关方面，抓紧将新型政策性金融工具资金投放到具体项目，后续将督促各地方推动项目加快开工建设，尽快形成更多实物工作量， 推动扩大有效投资，促进经济平稳健康发展。 我国政策性金融工具运用由来已久。比如，在经济下行压力下，2022年7400亿元政策性开发性金融工具应运而生，通过补充项目资本金、撬动配套融 资，对重大项目形成精准支持。 2025.09. 29 本文字数：1210，阅读时长大约2分钟 作者 | 第一财经 祝嫣然 备受市场关注的新型政策性金融工具有了新进展。 国家发改委政策研究室副主任、委新闻发言人李超29日在发布会上透露，为贯彻落实党中央、国务院决策部署，促进金融更好服务实体经济，推动扩大 有效投资，国家发改委会同有关方面积极推进新型政策性金融工具有关工作。新型政策性金融工具规模共5000亿元，全部用于补充项目资本金。 此次新型政策性金融工具于2025年4月底的中央政治局会议上提出。5月以来，广东、江苏、河北、湖南、山东等多个省份的地市级发改委及部分行业主 管部门，组织开展了2025年新型政策性金融工具专题培训暨项目申报培训会议，以期抓抢机遇，精准对接项目和资金。 国家发改委在8月1日 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the need for macroeconomic policy adjustments to address ongoing challenges in economic operations, while highlighting the resilience and growth in key sectors like manufacturing and services [2]. Group 1: Economic Performance - In August, China's economic operation remained generally stable, supported by continuous macro policy efforts [2] - Manufacturing and service sectors showed positive growth trends, with retail sales related to trade-in programs maintaining rapid growth [2] - Despite these positive indicators, the economy still faces significant risks and challenges, particularly from a complex external environment [2] Group 2: Policy Implementation - The NDRC plans to strengthen economic monitoring, forecasting, and early warning systems, and will prepare policies for timely implementation based on changing circumstances [2] - The NDRC will work with relevant departments to create a conducive policy environment for the application and popularization of new-generation smart terminals and intelligent systems [3] Group 3: Support for Private Enterprises - Private enterprises are identified as key players in the "Artificial Intelligence +" initiative, with 254,000 new AI software development firms established in Q1 of this year [4] - The NDRC aims to support various enterprises, including private ones, in deepening their participation in the AI sector through policy and financial measures [4] Group 4: Financial Tools - The NDRC is advancing new policy financial tools totaling 500 billion yuan, all designated for supplementing project capital [5] - Efforts are being made to ensure that these financial tools are quickly allocated to specific projects to promote stable and healthy economic development [5]

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the need for continued macroeconomic policy support to address ongoing risks and challenges in the economy, while maintaining overall stability and promoting high-quality development [1][3]. Economic Indicators - Economic indicators show fluctuations, with consumption growth slowing, investment growth weak, and exports facing uncertainties. However, the NDRC remains optimistic about achieving the annual economic growth target due to ongoing macroeconomic policy efforts [1]. - In August, the added value of major industries such as equipment manufacturing and high-tech manufacturing grew by 8.1% and 9.3% year-on-year, respectively, outpacing the overall industrial growth rate by 2.9 and 4.1 percentage points [1]. - The service sector's production index increased by 5.6% year-on-year, with the accommodation and catering industry showing accelerated growth [1]. Industrial Performance - From January to August, the profit growth rate of large industrial enterprises turned positive, improving from a 1.7% decline to a 0.9% increase year-on-year. Monthly growth shifted from a 1.5% decline in July to a 20.4% increase in August [2]. - The retail sales of new energy vehicles in the passenger car market grew by over 20% year-on-year in the first eight months, indicating strong consumer demand [2]. - Manufacturing investment increased by 5.1% in the first eight months, with significant growth in sectors such as information services (34.1%), aerospace equipment (28.0%), and computer and office equipment manufacturing (12.6%) [2]. Policy Measures - The NDRC is actively promoting new policy financial tools to support effective investment and enhance financial services for the real economy, with a total scale of 500 billion yuan allocated to supplement project capital [5][6]. - The new policy financial tools will primarily target sectors such as digital economy, artificial intelligence, and consumption, addressing capital shortages for project construction [6]. - The NDRC plans to accelerate the implementation of these financial tools to ensure timely project initiation and increase tangible work output [5].

今日（9月29日），国家发改委召开9月份新闻发布会。 要点如下： 李超表示，民营企业是参与人工智能+行动的主力军，以今年一季度为例，我国新设立人工智能软件研发类民营企业25.4万户。从成效看，民营企业是推动人 工智能落地应用的先锋队，不少民营企业已经率先把人工智能运用到其生产工艺和业务流程当中。下一步，国家发展改革委将会同相关部门多措并举，支持 包括民营企业在内的各类企业深度参与人工智能+行动。在政策上，将在"两重"建设当中支持国产算力模型语料库的发展，加大"两新"政策对民营企业的支持 力度，在资金上持续在算力等领域发放人工智能券，为企业使用算力服务提供补贴。 国家发改委：新型政策性金融工具共5000亿元 全部用于补充项目资本金 李超表示，为促进金融更好地服务实体经济，推动扩大有效投资。国家发展改革委会同有关方面积极推进新型政策性金融工具相关工作，新型政策性金融工 具规模共5000亿元，全部用于补充项目资本金。国家发展改革委正在会同有关方面，抓紧把新型政策性金融工具资金投入到具体项目上，后续将督促各个地 方推动项目加快开工建设，促进经济平稳健康发展。 责编：李丹 校对：陶谦 版权声明 国家发改委：经济运行仍存 ...