Core Viewpoint - The updated "Encouragement Directory for Foreign Investment (2025 Edition)" serves as a strong incentive for foreign enterprises to invest in China, emphasizing the need to translate policy benefits into tangible investment attractiveness through measures related to tariffs, land use, and taxation [1][12]. Summary by Sections Update of the Encouragement Directory - The "Encouragement Directory for Foreign Investment (2025 Edition)" was released by the National Development and Reform Commission and the Ministry of Commerce, set to take effect on February 1, 2026, replacing the 2022 version. The new directory includes a total of 1,679 entries, an increase of 205 entries and 303 modifications compared to the previous version, aiming to guide more foreign investment into advanced manufacturing, modern services, and high-tech sectors, particularly in central and western regions [2][4]. Directional Guidance for Foreign Investment - The updated directory reflects China's commitment to a more open investment environment, with a focus on attracting and utilizing foreign capital effectively. The reduction of restrictions in the manufacturing sector to zero and the expansion of access in telecommunications, internet, and healthcare services highlight this approach [3][4]. Focus on Advanced Manufacturing and Modern Services - The new directory emphasizes advanced manufacturing as a key area for foreign investment, including sectors such as nucleic acid drug development, smart detection equipment manufacturing, and underwater robotics. It also highlights the importance of foundational technological innovation in attracting foreign investment [7][8]. Development of Modern Service Industries - The 2025 edition includes new entries for production services, such as common technology platforms and virtual power plant operations, as well as consumer services like pet hospitals and tourism. The production service sector has seen significant growth, with its value increasing from 19.8 trillion yuan in 2016 to an estimated 41.1 trillion yuan in 2024, reflecting a compound annual growth rate of 9.5% [8][9]. Optimizing Regional Investment Layout - The updated directory aims to direct foreign investment towards central and western regions, with 1,060 entries specifically for these areas, reflecting local resource advantages. For instance, new entries include the development of ice and snow equipment in Heilongjiang and advanced intelligent machinery in Henan [10][11]. Implementation and Coordination of Policies - Experts emphasize the importance of effectively implementing the directory's policies across various sectors, including finance, market regulation, and customs, to enhance the investment environment. There is a call for tailored policies that address the specific needs of different industries, such as biopharmaceuticals [12].

《鼓励外商投资产业目录（2025年版）》给外资企业坚定投资中国打了一剂"强心针"。接下来，要将目 录在关税、用地、税收等方面的政策红利切实转化为"投资吸引力"。 时隔3年，我国重要的外商投资促进政策——《鼓励外商投资产业目录》再次迎来更新。 日前，国家发展改革委、商务部对外发布了《鼓励外商投资产业目录（2025年版）》（以下简称"2025 年版《鼓励目录》"），将自2026年2月1日起正式施行，届时《鼓励外商投资产业目录（2022年版）》 将废止。 2025年版《鼓励目录》包括全国鼓励外商投资产业目录、中西部等地区外商投资优势产业目录两部分。 从数量上看，这一版《鼓励目录》总条目共1679条，与2022年版相比净增加205条、修改303条，将引导 更多外资投向先进制造业、现代服务业、高新技术等领域，以及中西部和东北地区。 "修订扩大《鼓励目录》向世界发出了一个明确信号：我国开放的大门只会越开越大。"在中国宏观经济 研究院对外经济研究所研究员原倩看来，这一举措有利于更好应对外部不利因素影响，以中国自身发展 的确定性应对外部环境的不确定性，为全球投资者提供清晰、稳定、透明的投资预期。 优化对外资的方向性引导 20 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.71% to close at 25,635.23 points, and the Hang Seng Technology Index decreasing by 0.30% to 5,483.01 points [2] - The total market turnover for the day was HKD 224.51 billion [2] Stock Performance - Among the Hang Seng Index constituents, 22 stocks rose while 67 fell, with Sands China Limited dropping by 4.46% to HKD 19.91 per share, JD Health down by 3.42% to HKD 56.50, and CK Hutchison Holdings decreasing by 3.35% to HKD 53.45 [2][3] - Notable declines included Midea Group down 3.05%, and Zijin Mining down 3.01% [3] Specific Stock Movements - Geely Automobile repurchased 1.956 million shares for HKD 33.14 million, totaling 22.434 million shares repurchased in the last 30 days for a total of HKD 385 million, reflecting confidence in the company's value [4] - The energy sector saw a slight increase of 0.41%, while the materials sector led declines with a drop of 2.21% [4] Satellite Industry Developments - Asia Pacific Satellite shares surged nearly 12% following the release of new listing standards for commercial rocket companies by the Shanghai Stock Exchange, which clarified the requirements for companies seeking to list on the STAR Market [6][7] - The stock closed at HKD 2.40 per share, up 10.09% [7] Commercial Space Sector Insights - The new guidelines for commercial rocket companies are expected to accelerate capital operations within the sector, transitioning from policy expectations to institutional realization [10] - The guidelines are seen as a long-term structural support for the commercial space industry, enhancing market recognition of hard tech assets on the STAR Market [10] Gold Sector Performance - The gold sector faced significant declines due to a pullback in gold prices, with major companies like China National Gold Group and Zijin Mining experiencing drops of 5% or more [11][12] - The domestic gold price on the SHFE closed at CNY 1,007.18 per gram, down 0.91% [11] Market Outlook - UBS forecasts that the upward trend in the Chinese market is likely to continue through 2026, driven by advanced manufacturing and technological self-reliance as new growth engines [13]

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.71% to close at 25,635.23 points, while the Hang Seng Technology Index decreased by 0.30% to 5,483.01 points [2] - The total market turnover for the day was HKD 224.51 billion [2] Stock Performance - Among the Hang Seng Index constituents, 22 stocks rose while 67 fell, with notable declines in Sands China Limited (-4.46%), JD Health (-3.42%), and CK Hutchison Holdings (-3.35%) [2][3] - BYD Company saw an increase of 3.74%, closing at HKD 97.10 per share, while Geely Automobile rose by 3.43% to HKD 17.50 per share [3] Geely Automobile Buyback - Geely Automobile repurchased 1.956 million shares on December 24, involving HKD 33.14 million, and has repurchased a total of 22.434 million shares in the last 30 days, totaling HKD 385 million [4] Industry Insights - The commercial rocket sector received a boost from the Shanghai Stock Exchange's new listing guidelines, which clarify the requirements for commercial rocket companies to list on the Sci-Tech Innovation Board [6][9] - The new guidelines are expected to accelerate capital operations for rocket enterprises, with a focus on long-term structural benefits rather than short-term market reactions [10] Gold Sector Performance - The gold sector faced a downturn due to a drop in gold prices, with major companies like China National Gold Group and Zijin Mining experiencing declines of 5% or more [11][12] - The domestic gold price fell, with SHFE gold closing at CNY 1,007.18 per gram, down 0.91% [12] Future Market Outlook - UBS forecasts that the upward trend in the Chinese market is likely to continue through 2026, driven by advanced manufacturing and technological self-reliance [13]

一年以来，产业链供应链韧性持续增强，制造业重点产业链高质量发展行动顺利推进，突破一批标 志性技术和产品。产业科技创新取得新突破，人工智能核心产业规模超过万亿元，新能源汽车出口突破 200万辆。 2025年全国数字产业业务收入预计同比增长约9% 制造业转型升级步伐加快。累计建成7000余家先进级、500余家卓越级智能工厂，全国工业5G专网 项目超过2万个、5G工厂超过8000家，累计培育国家绿色工厂6430家、绿色工业园区491家，大宗工业 固废综合利用率达到57%。 记者26日从全国工业和信息化工作会议上获悉，2025年，工业经济顶压前行、向新向优发展，实现 质的有效提升和量的合理增长，展现强大韧性和活力。预计全年电信业务总量和软件业务收入分别同比 增长9%和12%左右，数字产业业务收入同比增长9%左右。 服务企业与社会民生取得新成效，累计培育科技和创新型中小企业超60万家、高新技术企业达50.4 万家、专精特新中小企业超14万家、"小巨人"企业1.76万家、制造业单项冠军企业1862家。信息通信业 服务经济社会发展能力持续增强，防范治理电信网络诈骗纵深推进。行业治理现代化稳步推进，一批标 志性改革举措出台实 ...

毕业于江苏理工学院的永同学与江苏亚威机器人科技有限公司现场达成就业意向。此前两天，她收到了"613"产业集群暨制造业专场招聘会"点对点"短信通 知。招聘会上，她向心仪的企业投了简历。 招聘会现场。 孟德龙 摄 12月27日上午，由江苏省劳动就业管理中心、扬州市人力资源和社会保障局联合主办，扬州市劳动就业服务中心、扬州市人力资源市场管理办公室承办 的"暖冬送岗促就业 迎春助企向未来"扬州系列招聘活动暨脱贫人口就业帮扶省市联合招聘——扬州"613"产业集群暨制造业专场招聘会在月城科技广场举 行，一场"线上+线下"的招聘活动，为制造企业与人才之间搭建了平台，让供需对接更直接、更有效。 专场招聘吸引众多求职者 "我是学电气工程及其自动化专业的。"永同学说，得知很多先进制造业企业亮相此次招聘会，她特意赶来参加应聘。"虽然不是应届毕业生，但也想积极寻 找机会，希望可以进入到喜欢的行业工作。" 近年来，随着制造业由传统产业向高端智能制造升级转型，制造业作为实体经济的"压舱石"和稳就业的"主阵地"，迫切需要一批具备创新能力、符合新质生 产力发展需求的高素质人才。 记者采访了解到，随着传统产业焕新升级、新兴产业发展壮大，制造业 ...

掘金 3D 打印：商业航天"降本利器"，关注钛合金等核心材料环节 北交所策略专题报告 2025 年 12 月 28 日 北交所研究团队 ——北交所策略专题报告 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 3D 打印行业加速崛起，商业航天有望成为需求主线 3D 打印即增材制造，不同于传统制造将原料"削减"加工成所需形状，3D 打印 可一体化成型复杂结构产品，具有快捷、低成本、高精度等优势。3D 打印经过 30 余年的发展，已经形成了一条完整的产业链，下游行业应用已覆盖航天航空、 汽车工业、船舶制造、能源动力、轨道交通、电子工业、模具制造、医疗健康、 文化创意、建筑等各领域。根据中商产业研究院相关数据，2025 年我国 3D 打印 市场规模预计达 457 亿元，较 2020 年的 208 亿元实现翻倍以上增长。航空航天 是 3D 打印核心的下游应用领域，主要针对火箭发动机的制造（发动机成本占比 50%），可实现大幅度的降本，目前已经在 SpaceX 实现大面积应用。北交所中天 工股份是国内钛及钛合金行业龙头企业，公司不断强化钛及钛合金研发与生产工 艺革新，持续加 ...

专题：第十届中国制造强国年会 12月28日，"第十届中国制造强国年会"在北京举行，主题为"实体为根，向新而行"。国家制造强国建设 战略咨询委员会委员、工业和信息化部原副部长、第十三届全国政协经济委员会副主任刘利华出席并致 辞。 刘利华谈到，回望"十四五"，我国制造业在复杂多变的国内外环境中实现历史性跨越，成就斐然。 一是筑牢了体系优势的基本盘。他指出，我国制造业增加值占全球比重稳定在30%左右，总体规模连续 15年保持全球第一。新能源汽车、信息通信设备、先进轨道交通装备、海洋装备工程及高技术船舶、电 力装备、家电、纺织等七个产业实现了世界领先，航空航天、汽车、钢铁、石化、建材等五个产业达到 世界先进水平，产业能级实现了大幅跨越。 刘利华指出，未来五年，推动制造业实现从重点突破向全面领先的战略性跨越，应当聚焦四个方面： 一是夯实产业基础。推进产业基础高级化和产业链现代化，完善工业强基扶持机制。 二是加快高水平科技自立自强。发挥新型举国体制优势，推动科技创新与产业创新深度融合，攻克关键 核心技术，实现自主可控、安全可靠。 三是培育新质生产力。发力新兴产业、未来产业，推进新型工业化。 四是优化发展生态。制定下一个十 ...

"十四五"期间，惠州的工业发展取得了阶段性成效。规上工业企业数量突破5200家，较2020年实现翻 番；工业投资连续四年超千亿，五年累计总量超6400亿元，较"十三五"五年总量翻了一番，市场主体的 活力和实力都在显著增强。规上工业增加值年均增长8.8%，增速排全省第一；工业占GDP的比重一直 保持在45%以上，工业"压舱石"作用更加凸显。惠州市工业和信息化局局长廖巍在发布会上表示："从 产业结构看，先进制造业在惠州的支撑作用越来越凸显。2024年，惠州先进制造业增加值占规上工业增 加值比重达64%，位列珠三角第二。有两个集群入选国家先进制造业集群，两个入选国家级中小企业特 色产业集群。石化产业规模排广东省第一，炼油、乙烯、芳烃、PTA等产品产能占全省比重分别为 25%、54%、50%和68%；电子信息产业规模排全省第三，其中智能终端、新型储能、核心基础电子和 超高清视频4个细分领域，每个领域的规模都突破千亿，服务机器人、智能电视产量占全省近30%，锂 离子电池的产能占全省的近20%，智能音响产能占全省的40%。两大产业集群对工业增长的贡献率达 70%。" （文章来源：21世纪经济报道） 12月26日下午， " ...

（来源：沈阳日报） 转自：沈阳日报 市委经济工作会议围绕向上争取资金政策，促消费扩投资，促进科技创新与产业创新深度融合，深化改 革扩大开放，优化营商环境，提升人民生活品质等重点领域和关键环节作出针对性部署，既注重着力解 决老问题，也重视发力应对新挑战，体现出鲜明的问题导向、任务导向、目标导向。 "此次经济工作会议的召开，为全市上下以奋发有为的精神状态做好'十五五'开局之年各项工作提供了 行动指引、明确了主攻方向，对于进一步推动经济高质量发展具有十分重要的意义。"辽宁社会科学院 经济研究所所长、研究员宋帅官说。 宋帅官称，一年来，沈阳市顶住压力，迎难而上，稳住了经济发展的基本盘，经济运行总体平稳、稳中 有进，产业升级、改革开放、城乡融合、民生保障等领域取得了新进展新成效，为"十五五"开局奠定了 良好基础。 推动经济高质量发展，实现沈阳市"十五五"开好局、起好步。宋帅官认为要跳出沈阳看沈阳，当好东北 振兴、辽宁振兴"跳高队"，在一些重点经济发展领域要奋勇争先，尤其是要加快构建以先进制造业为骨 干的现代化产业体系。一方面是加快传统产业转型升级，全面推动制造业"智改数转"，在全省率先开展 免费数字化诊断服务，持续打造 ...