Core Points - The National Immigration Administration announced 10 innovative measures to support high-quality development and expand open services [1][2] - Six of the measures will be implemented starting from November 5, while four will take effect on November 20 [1] Group 1: Measures Implemented - Expansion of the pilot program for talent visa applications for Hong Kong and Macau [1] - Nationwide processing for mainland residents applying for Taiwan family visit visas [1] - Promotion of smart customs clearance at certain ports of entry with Hong Kong, Macau, and Taiwan [1] - Support for efficient cross-border flow of production factors in the Shenzhen-Hong Kong Innovation and Technology Cooperation Zone [1] - Addition of 10 international airports, including Tianjin Binhai and Kunming Changshui, to the list of ports exempt from border inspection for 24-hour direct transit [1] - Increase in the number of ports eligible for 240-hour visa-free transit from 60 to 65, with five new ports in Guangdong [1] Group 2: Future Measures - Expansion of the "full online processing" pilot for mainland residents renewing or replacing exit and entry documents to 50 cities, including Shijiazhuang and Nanning [1] - Broader issuance of one-time valid travel permits for Taiwan residents to visit mainland China [1] - Facilitation for mainland residents to renew family visit visas in Hong Kong and Macau [1] - Implementation of online filling for foreign entry cards [1][2]

Core Points - The National Immigration Administration announced ten innovative measures to support high-quality development and expand openness, effective from November 5 and November 20, 2023 [1][2] Group 1: Measures Overview - The ten measures include expanding the pilot scope for talent visa applications for Hong Kong and Macau, implementing nationwide processing for mainland residents applying for Taiwan family visit visas, and promoting smart customs clearance at certain ports [2] - Additional measures involve expanding the range of cities for online processing of entry and exit document renewals for mainland residents and facilitating the renewal of family visit visas for mainland residents in Hong Kong and Macau [2] Group 2: Specific Initiatives - Starting from November 5, 2025, specific measures will be implemented in the He Tao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, allowing mainland talents working in research institutions and tech companies to apply for a three-year multiple-entry talent visa without submitting talent proof [3] - New and startup companies will be exempt from tax for the first year when applying for business registration for travel to Hong Kong and Macau, with preferential quotas for key enterprises in high-tech and advanced manufacturing sectors [3] - Dedicated channels will be set up at Huanggang and Futian ports to facilitate quick customs clearance for personnel frequently entering and exiting the cooperation zone, along with a green channel for transporting research materials [3]

Core Points - The National Immigration Administration announced ten innovative measures to support the expansion of open services for high-quality development, effective from November 5 and November 20, 2025 [1] Group 1: Policy Implementation - From November 5, 2025, a pilot program for talent visa applications for travel between the mainland and Hong Kong/Macau will be implemented in the Yangtze River Delta, Beijing-Tianjin-Hebei regions, and all Free Trade Pilot Zones [3][5] - Mainland residents can apply for a family visit visa to Taiwan at any public security entry-exit administration agency above the county level nationwide starting November 5, 2025 [7][8] - Smart customs clearance will be promoted at certain ports of entry with Hong Kong and Taiwan starting November 5, 2025, including facial recognition technology at 12 ports [11][13] Group 2: Cross-Border Cooperation - Measures to facilitate the efficient cross-border flow of production factors in the Shenzhen-Hong Kong Innovation and Technology Cooperation Zone will be implemented starting November 5, 2025, including a three-year multiple-entry talent visa for eligible mainland talents [16][18] - The number of ports eligible for 24-hour direct transit without border inspection will increase, adding ten international airports including Tianjin Binhai and Kunming Changshui starting November 5, 2025 [21][23] - Five new ports in Guangdong will be added to the 240-hour visa-free transit policy, increasing the total number of eligible ports from 60 to 65 starting November 5, 2025 [25][27] Group 3: Online Services and Convenience - Starting November 20, 2025, the number of cities where residents can apply for online processing of entry-exit document renewals will increase to 50, adding 30 new cities including Shijiazhuang and Nanning [31][33] - Residents holding family visit visas to Hong Kong and Macau will be able to apply for extensions through designated travel agencies before their stay expires, starting November 20, 2025 [35][37] - The number of ports authorized to issue one-time valid entry permits for Taiwanese residents traveling to the mainland will increase to 100, effective November 20, 2025 [39][41]

Core Points - The National Immigration Administration announced 10 innovative measures to support the expansion of open services for high-quality development [2][3] Group 1: Measures Implementation Timeline - Six measures will be implemented starting from November 5, 2025, including the expansion of the talent visa policy for Hong Kong and Macau [3] - The implementation of a nationwide application process for mainland residents applying for Taiwan family visit visas [3] - Promotion of smart customs clearance at certain ports of entry with Hong Kong, Macau, and Taiwan [3] - Support for efficient cross-border flow of production factors in the Shenzhen area of the He Tao-Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone [3] - Expansion of the 24-hour direct transit exemption from inspection to more ports [3] - Addition of five ports in Guangdong Province to the 240-hour visa-free entry policy [3] Group 2: Additional Measures - Four measures will take effect on November 20, 2025, including the expansion of online processing for the renewal and reissuance of exit and entry documents for mainland residents [3] - Provision of convenience for mainland residents holding family visit visas to renew the same type of visa in Hong Kong and Macau [3] - Expansion of the ports where one-time valid travel permits for Taiwan residents can be issued [3] - Implementation of online filling for foreign entry cards [3]

Core Points - The National Immigration Administration announced ten innovative measures to support the expansion of open services for high-quality development [1] Group 1: Implementation Timeline - Six measures will be implemented starting from November 5, 2025 [1] - Four measures will be implemented starting from November 20, 2025 [1] Group 2: Specific Measures - Expansion of the talent visa policy pilot for Hong Kong and Macau [1] - Nationwide processing for mainland residents applying for Taiwan family visit visas [1] - Promotion of smart customs clearance at certain ports of entry with Hong Kong, Macau, and Taiwan [1] - Support for efficient cross-border flow of production factors in the Shenzhen area of the He Tao-Shenzhen Innovation Cooperation Zone [1] - Expansion of the 24-hour direct transit exemption from inspection to more ports [1] - Addition of five ports in Guangdong to the 240-hour visa-free entry policy [1] - Expansion of the "full online processing" pilot for mainland residents renewing exit and entry documents [1] - Facilitation for mainland residents holding family visit visas to renew their visas in Hong Kong and Macau [1] - Expansion of ports issuing one-time valid travel permits for Taiwan residents to mainland China [1] - Implementation of online filling for foreign entry cards [1]

Economic Growth Certainty - The "14th Five-Year" period is expected to see China's economic total reach approximately 140 trillion RMB by the end of 2025, with a focus on maintaining this momentum [2] - The "15th Five-Year" plan emphasizes high-quality development as the main theme, with a commitment to prioritize economic construction and maintain growth within a reasonable range [2] - The plan aims to shift the focus of economic development to the real economy, promoting new growth points in quantum technology and biomanufacturing, and fostering an economy driven by domestic demand and consumption [2] Quality Development Certainty - The plan stresses the importance of balancing qualitative improvements with reasonable quantitative growth, with a focus on ensuring that growth translates into tangible benefits for the public [3] - Key goals include significantly improving technological self-reliance, advancing the construction of a unified national market, and achieving new progress in high-quality employment and income growth that aligns with economic growth [3][4] Open Economy Certainty - In response to rising unilateralism and protectionism, the plan aims to create a win-win cooperation landscape and share opportunities with countries worldwide [5] - China's vast market will continue to open up, promoting cross-border trade cooperation and providing significant opportunities for other countries [5] - The plan emphasizes maintaining a multilateral trade system, expanding bilateral investment cooperation, and high-quality construction of the Belt and Road Initiative [5] Reform Deepening Certainty - The plan outlines the goal of achieving breakthroughs in comprehensive deepening of reforms during the "15th Five-Year" period, with a focus on unifying market rules and breaking down local protectionism [7] - Key reforms include accelerating the market-oriented allocation of resources and addressing systemic barriers to foster internal development momentum [7]

Core Insights - The "15th Five-Year Plan" emphasizes a shift towards high-quality development, focusing on effective demand and technological self-reliance, contrasting with the previous plan's broader economic growth goals [1][2][3] Development Environment - The "15th Five-Year Plan" acknowledges complex changes in the development environment, highlighting issues such as unilateralism and insufficient effective demand, indicating a stronger focus on total demand during this period [1][13][14] Development Goals - The plan sets seven specific goals, including significant achievements in high-quality development and a marked increase in technological self-reliance, with a clear target for improving the resident consumption rate [2][16][17] Industrial Development - Key changes in industrial development include a focus on optimizing traditional industries and nurturing emerging and future industries, with specific mention of sectors like quantum technology and hydrogen energy [3][18][19] Technological Innovation - The plan aims for decisive breakthroughs in critical core technologies through a new national system, emphasizing the importance of self-sufficiency in key areas such as integrated circuits and advanced materials [4][19][21] Expanding Domestic Demand - The strategy shifts to a dual approach of using new demand to drive new supply, with a focus on boosting consumption and effective investment, indicating a more proactive stance on domestic market dynamics [5][22][23] Institutional Reforms - The framework for institutional reforms is more focused, aiming to enhance the vitality of various business entities and improve macroeconomic governance, with specific measures for state-owned and private enterprises [6][24][25] Opening Up - The plan emphasizes the need for steady expansion of institutional openness, aligning with international high-standard trade rules and promoting the internationalization of the Renminbi [7][26][27] Rural Revitalization - The rural revitalization strategy remains consistent, with new measures to enhance rural infrastructure and public services, drawing on successful past initiatives [8][27] Regional Development - The plan highlights the importance of regional coordination and the role of key growth areas, promoting a more integrated approach to regional economic development [9][29][30] Green Development - The focus on green development is intensified, with a systematic approach to building a new energy system and achieving carbon peak and neutrality goals [9][31][32] Social Welfare - The plan prioritizes high-quality employment and income growth, with specific measures to enhance social security and address housing as a fundamental issue of public welfare [10][34][35]

Economic Growth Certainty - The "15th Five-Year Plan" aims for China's economy to reach approximately 140 trillion RMB by the end of 2025, continuing the momentum from the "14th Five-Year Plan" [2] - The focus remains on high-quality development, emphasizing the importance of the real economy and promoting new growth points such as quantum technology and biomanufacturing [2] - The plan encourages a shift towards an economy driven by domestic demand, consumption, and endogenous growth, with detailed measures across various sectors to ensure sustained economic growth [2] Quality Development Certainty - The plan emphasizes the need for a balance between qualitative improvements and reasonable quantitative growth, with a focus on ensuring that growth translates into tangible benefits for the public [3] - Key goals include significantly enhancing technological self-reliance and advancing the construction of a unified national market, alongside achieving high-quality employment and synchronized growth in residents' income and the economy [3][4] Open Economy Certainty - In response to rising unilateralism and protectionism, the plan advocates for creating a win-win cooperation framework and sharing opportunities with countries worldwide [6] - China's vast market will continue to open up, fostering cross-border trade cooperation and providing significant opportunities for other nations [6] - The plan emphasizes maintaining a multilateral trade system and expanding bilateral investment cooperation, aiming to inject stability into the global economic landscape [6] Reform Deepening Certainty - The plan outlines the goal of achieving breakthroughs in comprehensive reforms during the "15th Five-Year Plan" period, with over 300 important reform measures targeted for completion by 2029 [7][8] - Key reform initiatives include unifying market rules, eliminating local protectionism, and enhancing the market-oriented allocation of resources, reflecting a commitment to overcoming systemic barriers and fostering internal growth [8]

Core Viewpoint - The article discusses the key changes and focuses in the "15th Five-Year Plan" (2026-2030) compared to the "14th Five-Year Plan" (2021-2025), highlighting shifts in development goals, industry focus, and policy priorities. Development Environment - The "15th Five-Year Plan" emphasizes the complexity of the development environment, including unilateralism and hegemonism, while also recognizing favorable long-term trends. It highlights issues such as insufficient effective demand and pressures on employment and income growth, indicating a greater focus on total demand during this period [1][14][16]. Development Goals - The "15th Five-Year Plan" sets seven goals, with a clear emphasis on "significant achievements in high-quality development," which includes maintaining reasonable economic growth, improving total factor productivity, and increasing the resident consumption rate. The plan also introduces a new goal of significantly enhancing self-reliance in technology [2][17][18]. Industry Development - The plan includes a focus on optimizing traditional industries and nurturing emerging and future industries. It highlights the importance of traditional sectors like mining and manufacturing while also emphasizing new industries such as quantum technology and hydrogen energy [3][19][20]. Technological Innovation - The "15th Five-Year Plan" aims for decisive breakthroughs in key core technologies through a new national system and extraordinary measures, particularly in areas like integrated circuits and advanced materials. It also proposes increased R&D tax deductions and greater government procurement of innovative products [4][20][21]. Expanding Domestic Demand - The plan shifts from a supply-driven approach to one that emphasizes demand, aiming to stimulate consumption and investment. It includes measures to enhance consumer spending and streamline government investment processes [5][22][23]. Systemic Reform - The "15th Five-Year Plan" focuses on enhancing the vitality of various business entities and improving the market-oriented allocation of resources. It emphasizes the need for stronger protection of property rights and the optimization of asset structures [7][24][25]. Opening Up - The plan advocates for a steady expansion of institutional openness, aiming to align with international high-standard trade rules and enhance the internationalization of the Renminbi, reflecting a proactive approach in the context of global economic changes [8][26]. Rural Revitalization - The "15th Five-Year Plan" continues to prioritize rural revitalization, incorporating lessons from previous initiatives to improve rural infrastructure and public services, thereby promoting agricultural modernization [9][27][28]. Regional Development - The plan emphasizes the role of key regions in driving economic growth and proposes measures to enhance public services based on residency registration, reflecting a focus on urbanization and regional advantages [10][29]. Green Development - The "15th Five-Year Plan" aims to accelerate the establishment of a new energy system, focusing on increasing the share of renewable energy and implementing dual control over carbon emissions, indicating a commitment to sustainable development [11][30]. Social Welfare - The plan places a strong emphasis on high-quality employment and income distribution, introducing measures to enhance social security and housing supply, reflecting a shift in the perception of housing as a social issue [12][31][32].

文/ 《清华金融评论》 周茗一 中共中央于1 0月2 4日上午1 0时举行新闻发布会，介绍和解读党的二十届 四中全会精神。会议介绍，此次全会最重要的成果，审议通过了中共中央 关于制定国民经济和社会发展第十五个五年规划的建议》 ， "十五五"时 期 ， 既 要 乘 势 而 上 ， 又 要 迎 难 而 上 ， 充 分 发 挥 中 国 特 色 社 会 主 义 制 度 优 势、超大规模市场优势、完整产业体系优势、丰富人才资源优势，把各方 面优势转化为高质量发展的实际效能。 党的二十届四中全会最重要的成果，是审议通过了《建议》。《建议》共15个部分、61条、分为三大板块。第一板块是总论，关于"十五五"时期我国发展环 境的总体判断，主要阐述"十四五"时期我国发展取得的重大成就、抓好"十五五"时期经济社会发展的重大意义和总体要求。第二板块为分论，关于"十五 五"时期经济社会发展的指导方针，分领域部署"十五五"时期的战略任务和重大举措。第三板块 "十五五"时期经济社会发展主要目标，关于主要部署坚持和 加强党中央集中统一领导、推进社会主义民主法治建设等任务。 "十五五"时期，既要乘势而上，又要迎难而上 中央财办分管日常工作的副 ...