财政真金白银支持普惠金融，宝贵的资金必须真正用在刀刃上，充分发挥应有效用。资金安排要突出精 准，聚焦小微企业、"三农"等的融资痛点难点。资金运用要确保高效，政策实施要强化协同。 近日，2025年中央财政支持普惠金融发展示范区名单公布，厦门市、山东省泰安市等90个地区入选。这 些地区将获得中央财政的可观奖补，支持发展普惠金融，缓解普惠群体融资难、融资贵问题。作为金 融"五篇大文章"之一，普惠金融的发展不仅要强化货币信贷政策引领，还需加强财税、监管、产业等政 策支持引导。 政策实施强化协同。普惠金融涉及面广，需要加强货币政策、信贷政策、财税政策、监管政策、产业政 策等之间的协同配合以及部门间的联动协作。在财政支持的同时，金融机构要创新金融产品和服务，健 全敢贷、愿贷、能贷的长效机制。相关政府部门加强信息特别是小微企业、个体工商户、农户、新型农 业经营主体等重点群体相关信息共享，提高金融服务质效。发展农业保险则需要保险监管、财政、农业 农村、林草部门等密切合作，推动持续"扩面、增品、提标"，实现精准投保理赔。 做好普惠金融大文章，需要各项政策握指成拳、形成合力。发挥财政政策激励约束作用和财政资金乘数 效应、杠杆作用 ...

全国社保基金理事会原副理事长王忠民提到，进入人工智能（AI）时代后，出现了三大新模态：一是 开源（Open Source）模态。开源成为AI时代接续互联网的产业模态、价值模态、生命模态和社会资产 负债表当中的渗透模态。二是万物皆可服务模态。比如过去开车是一项技能，无人驾驶出现，使得开车 技能变得无用武之地，而车辆本身可以自行完成一切事物。三是AI资产入表和金融化时代模态。在AI 金融化当中，近日中国香港市场和美国市场，代币化和稳定币化逻辑已经给市场带来了冲击。"当我们 看到稳定币，特别是代币化的最新竞争态势时，我们发现AI金融化已进入高光时刻。"王忠民说。 近日，以"新产业、新技术、新模式、新动能——数智金融助力高质量发展"为主题的第14届中国（广 州）国际金融交易·博览会主旨会议在广州举行，多位来自金融、保险、法律与健康产业领域的顶尖学 者和资深从业者，围绕普惠金融发展、数智化金融创新、产业并购机遇及健康险生态合作等话题进行了 深入交流。 清华大学五道口金融学院党委委员、院长助理张伟表示，高质量发展是实现中国式现代化的必由之路。 我国应把握住科技、产业创新的机会，加速迈向数智技术助力的高质量发展阶段，强化经 ...

Core Viewpoint - The conference focused on "New Industries, New Technologies, New Models, New Dynamics - Digital Finance Supporting High-Quality Development," emphasizing the role of digital finance in enhancing economic resilience and innovation [1][39]. Group 1: Key Themes and Discussions - The conference featured discussions on inclusive finance, digital financial innovation, merger and acquisition opportunities, and health insurance ecosystem collaboration [1]. - Zhang Wei highlighted that high-quality development is essential for China's modernization, advocating for the integration of technology and finance to reduce costs and enhance service delivery [4]. - Ouyang Weimin noted that digital finance has significantly improved the quality of financial services for the real economy, particularly for innovative enterprises [6]. Group 2: Expert Insights - Wang Zhongmin identified three new modalities in the AI era: open-source models, service-oriented models, and the financialization of AI assets, indicating a transformative shift in the financial landscape [8]. - Bei Duoguang emphasized the importance of understanding inclusive finance as a comprehensive service system that includes various financial products beyond just credit [14]. - Zhu Xiangrui discussed the advantages of financial arbitration in promoting market health, highlighting the need for efficient dispute resolution mechanisms [16]. Group 3: Industry Trends and Opportunities - Qiu Yanbing stressed the importance of stablecoin legislation, which could reshape the international financial landscape and enhance operational efficiency in the real economy [18]. - Wang Jie pointed out that mergers and acquisitions are closely linked to development opportunities, advocating for policies that support innovation and improve company quality [20]. - Li Min discussed the evolving role of mergers in addressing market challenges and emphasized the importance of long-term strategies in acquisition processes [22]. Group 4: Health Insurance Sector Insights - Gu Yukuang highlighted that high-end medical insurance success relies on service and operational capabilities, advocating for a robust network of direct payment hospitals [25]. - Zhou Qing emphasized the need for product upgrades and innovations in commercial health insurance to meet rising consumer demands and healthcare costs [27]. - Yang Liye pointed out the shift from merely insuring healthy individuals to a focus on overall health management, indicating a significant transformation in the life insurance sector [33].

图为张伟 主旨演讲 欧阳卫民：数智金融为科创企业添砖加瓦 欧阳卫民表示，近年来，数智金融得到了快速发展并极大提升了金融服务实体经济的品质和 能力。从企业类型看，国内顶级科创企业有央企，有地方国企，也有很多民营企业。数智金 融精准支持科创企业：一是数智信贷贷到企业的心坎上，满足企业需求，提供适配的金融产 品和服务；二是数智服务利用大数据等手段，为企业提供多元质押贷款等，扩大互信，让银 行敢作敢为；三是数智资本让融资不再拐弯抹角，拓宽融资渠道，强化资本市场功能，提高 直接融资比重和适配性。 2025年6月27日，清华大学五道口金融学院受邀在第14届中国（广州）国际金融交易·博览会上举办 主旨会议。会议以"新产业、新技术、新模式、新动能——数智金融助力高质量发展"为主题，为期1 天，设置主旨演讲、高端对话、主题发言和圆桌交流环节。多位来自金融、保险、法律与健康产业 领域的顶尖学者和资深从业者，围绕普惠金融发展、数智化金融创新、产业并购机遇及健康险生态 合作等话题进行了深入交流。会议由广东卫视主持人吴荻主持。 图为会议现场 会议由清华大学五道口金融学院党委委员、院长助理，《清华金融评论》执行主编 张伟 代表主办方 致 ...

非银金融 行 业 研 2025 年 06 月 29 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -19% 0% 19% 38% 58% 77% 2024-07 2024-11 2025-03 非银金融 沪深300 相关研究报告 《券商中报向好叠加公募欠配，看好 板块机会—行业点评报告》-2025.6.25 《规范分红险分红水平，券商分类评 价 新 规 突 出 功 能 性 — 行 业 周 报 》 -2025.6.22 《重视功能性，优化指标加分项，券 商马太效应延续—券商分类评价新规 点评》-2025.6.22 稳定币主题催化券商板块上涨，中报有望延续高景气 ——行业周报 | 高超（分析师） | 卢崑（分析师） | | --- | --- | | gaochao1@kysec.cn | lukun@kysec.cn | | 证书编号：S0790520050001 | 证书编号：S0790524040002 | 周观点：稳定币主题催化券商上涨，中报有望延续高景气 6月交易量持续走高，同时受稳定币主题带动影响，本周券商板块上涨7.62%上涨 明显。向后展望，交易活跃度较高、债市2季度转好、境内外IPO环 ...

证券研究报告·行业跟踪周报·非银金融 非银金融行业跟踪周报 寿险保费持续高增；关注虚拟资产牌照主题 机会 增持（维持） [Table_Tag] [Table_Summary] 投资要点 2025 年 06 月 29 日 证券分析师 孙婷 执业证书：S0600524120001 sunt@dwzq.com.cn 研究助理 罗宇康 请务必阅读正文之后的免责声明部分 ◼ 非银行金融子行业近期表现：最近 5 个交易日（2025 年 06 月 23 日-2025 年 06 月 27 日）非银金融板块各子行业均跑赢沪深 300 指数。多元金融 行业上涨 9.96%，证券行业上涨 7.56%，保险行业上涨 3.89%，非银金 融整体上涨 6.39%，沪深 300 指数上涨 1.95%。 ◼ 证券：交易量同比大幅提升；券商虚拟资产牌照热度攀升。1）6 月交易 量同比大幅提升。截至 6 月 27 日，6 月日均股基交易额为 15212 亿元， 较上年 6 月上涨 84.97%，较上月增长 10.70%。截至 6 月 26 日，两融余 额 18385 亿元，同比提升 23.64%，较年初下降 1.40%。截至 6 月 27 日， ...

展望未来，人保寿险枣庄中支将以此次表彰为新的起点，持续深化公益行动，积极探索创新慈善模式， 进一步发挥保险行业及公司优势，做好"普惠金融大文章"，为推动枣庄慈善事业发展、构建和谐社会贡 献更多"人保力量"。 自2008年9月公司成立以来，人保寿险枣庄中支始终坚守"人民保险 服务人民"的初心使命，践行"以人 民为中心"的服务理念，积极投身公益事业，主动承担社会责任，多次参与各类慈善捐赠活动，在助力 扶贫济困、关爱弱势群体等方面发挥了重要作用，赢得了社会各界的广泛赞誉。此次荣获市慈善总会表 彰，不仅是对公司过去一年慈善工作的高度认可，也是对未来继续践行社会责任的有力鞭策。 2025年6月23日，人保寿险枣庄中支受邀参加了2024年"慈心一日捐"表扬会议暨2025年"慈心一日捐"线 上捐赠培训会议。会上，公司凭借在枣庄市市慈善总会组织的2024年"慈心一日捐"活动中的优异表现， 喜获2024年度"慈心一日捐"突出贡献单位称号。同时，公司综合部/纪委办公室负责人被授予"慈心一日 捐"优秀组织者称号。枣庄市市政府副市长刘吉忠等与会领导对包括我公司在内的突出贡献单位代表现 场颁发了奖牌及捐赠证书。 在2024年枣庄市慈善 ...

Core Viewpoint - The article highlights the recognition of the Pudong Development Bank Haikou Binhai Avenue Branch as a national civilized unit, emphasizing its commitment to integrating business development with spiritual civilization construction, thereby contributing to the modernization of Hainan [1][3]. Group 1: Civilized Unit Recognition - The Pudong Development Bank Haikou Binhai Avenue Branch has been awarded the title of a national civilized unit, reflecting its long-term dedication to promoting socialist core values and enhancing both business and spiritual development [1][3]. Group 2: Business Development and Innovation - The branch has successfully implemented various financial innovations, including the first EF account overseas loan in Hainan and the first Singapore low-sulfur fuel oil commodity transaction, supporting Chinese enterprises in international markets [4]. - The branch has exceeded its annual targets for inclusive finance by 200%, significantly contributing to the growth of small and micro enterprises in the region [4]. Group 3: Community Engagement and Services - The branch has established various community-focused services, such as the "Respect for the Elderly" service area and "Warm Station" for outdoor workers, demonstrating its commitment to social responsibility and community welfare [5]. - Initiatives like the "Puyiyinsheng" elderly financial service studio aim to meet the diverse needs of the aging population, showcasing the branch's focus on the silver economy [5]. Group 4: Employee Development and Culture - The branch emphasizes talent cultivation through activities like labor competitions and educational programs, enhancing employee skills and fostering a positive workplace culture [7]. - The establishment of reading corners and fitness activities contributes to employee well-being, increasing their sense of belonging and job satisfaction [7]. Group 5: Social Responsibility and Public Welfare - The branch actively participates in community service, including traffic civility campaigns and support for small businesses during the pandemic, reflecting its commitment to social responsibility [8]. - During natural disasters, the branch has provided assistance to affected residents, reinforcing its role in community support and disaster relief efforts [8].

Group 1: Market Overview - The Chinese digital financial market is rapidly developing and is the largest in the world, with a projected size of $3.2 trillion in 2024, contributing significantly to the global digital finance market, which is expected to exceed $4.5 trillion [1] - Digital finance is enhancing the quality of financial services through technological innovation and model transformation, positioning China as a global leader in this sector [2] Group 2: Empowering Various Financial Sectors - Digital finance serves as a foundational engine for the development of technology finance, green finance, inclusive finance, and pension finance, improving service efficiency and accessibility [3] - Digital technology enhances the efficiency of inclusive finance by improving service availability, quality, and reducing costs [3] - The integration of personal carbon accounts into credit evaluation systems is being explored to drive social green transformation, potentially offering better loan terms for customers with low-carbon lifestyles [3] Group 3: Pension Finance and Investment Stability - Digital technology aids in stabilizing investments and managing risks in pension finance, focusing on asset preservation and providing convenient services [4] - The future of digital finance and technology finance requires collaboration across various sectors, including building a high-quality data market and enhancing regulatory technology capabilities [4] Group 4: Regulatory Challenges - The rapid development of digital finance presents new challenges for regulators, who must balance encouraging innovation while maintaining financial risk controls [5] - The introduction of the Hong Kong Stablecoin Regulation aims to address risks associated with stablecoins while promoting their innovative value [6] - Effective risk management in the stablecoin market requires a comprehensive and segmented approach to regulation, including strict entry requirements for issuers and monitoring of transaction risks [6]

Group 1 - The core viewpoint of the articles emphasizes the commitment of Shanxi Province to enhance childcare services, focusing on building a multi-level financial support system to address the challenges of infant care and promote high-quality development of inclusive childcare services [1][2] - In 2023, the provincial government invested a total of 1.7 billion yuan to support the establishment of model public childcare institutions, increasing the number of inclusive childcare spots by 12,000, achieving a 71% share of inclusive spots in the province [1] - The province has achieved full coverage of public comprehensive childcare institutions at the county level, with all projects efficiently operational, significantly improving the accessibility of childcare services [1] Group 2 - In 2024, the provincial finance department, in collaboration with the health commission and other departments, will implement 17 specific measures to promote the high-quality development of childcare services, ensuring institutional support for sustainable growth [2] - A special fund management approach for inclusive childcare subsidies has been established, with operational subsidies provided based on the number of infants enrolled and the duration of enrollment, offering 500 yuan per month for independent institutions and 300 yuan for kindergartens providing childcare services [2] - The provincial budget for 2025 has allocated 26.6 million yuan for special funds to support the ongoing development of inclusive childcare services, ensuring a stable financial input mechanism [2]