根据中央统一部署，2024年4月15日至7月20日，中央第十巡视组对中国工商银行股份有限公司（以下简 称工商银行）党委开展了常规巡视。2024年10月25日，中央巡视组向工商银行党委反馈了巡视意见。按 照巡视工作有关要求，现将巡视整改进展情况予以公布。 一、党委履行巡视整改主体责任情况 工商银行党委坚决落实党中央关于巡视整改的重要要求，认真履行整改主体责任，采取务实有力举措， 严肃认真抓好巡视整改。 （一）坚持深学细悟筑牢思想根基。严格落实"第一议题"制度，深入学习习近平总书记关于巡视工作的 重要论述和重要讲话精神，以及中央政治局会议和中央巡视集中反馈会议精神，深刻领会党的二十届三 中全会、中央金融工作会议精神，认真落实中央巡视反馈意见和相关整改要求，以思想整改带动行动整 改。召开巡视整改专题民主生活会，全面对照检查，深刻查摆问题、剖析原因，制定整改措施。组织召 开巡视整改部署推进会、党建与经营工作会议等，系统部署整改工作，把巡视整改作为重大政治任务抓 实抓深抓紧。健全以学铸魂、以学增智、以学正风、以学促干长效机制，巩固深化党纪学习教育成果， 切实增强整改的政治自觉、思想自觉、行动自觉。党委书记带头扛牢政治责 ...

每日经济新闻 每经AI快讯，9月22日，央行行长潘功胜在国新办新闻发布会上表示，"十四五"期间，人民银行聚焦健 全货币政策和宏观审慎政策双支柱调控框架，实现币值稳定和金融稳定双目标，加快完善中央银行制 度，为金融强国建设、经济高质量发展提供了坚实支撑。一是构建科学稳健的货币政策体系，中国特色 现代货币政策框架已初步形成并不断完善，有效促进了金融总量合理增长、融资成本稳步下降、信贷结 构不断优化，维护了币值稳定。二是健全宏观审慎政策框架和系统性金融风险防范处置机制。三是健全 金融市场和金融市场基础设施体系。推出债券市场"科技板"，基本建成多层次债券市场框架。中国市场 与全球金融市场有序联通，外资参与度稳步提升。四是建设更高水平开放型金融新体制。 ...

"五篇大文章"既写于纸上，更落于实处。近年来，华商基金通过一系列具体实践，将金融服务的触角延 伸至国家发展的关键节点与民生关切的核心领域。在支持科技创新方面，公司旗下多只主题权益基金重 点配置"专精特新"企业与硬核科技公司，用自身力量助力一批具有核心技术的中小企业走向资本市场； 在服务绿色转型方面，华商基金积极探索和推动适合中国本土化的ESG应用，持续关注在环境保护、社 会责任和公司治理等领域表现优秀的企业；在助力普惠小微方面，公司通过降费让利、优化服务、科技 赋能等手段，降低投资者参与门槛，提升金融服务可及性；在发展养老产业方面，华商基金积极开展养 老金融知识普及，推动养老金融服务"适老化"升级；在推动数字金融方面，公司持续加大金融科技投 入，打造线上服务平台，提升客户体验与服务效率。依托金融"五篇大文章"顶层设计指引，华商基金正 在努力做到"五位一体、全面发展"。 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 2025年，是"十五五"规划谋篇布局之年，也是我国迈向社会主义现代化新征程承上启下的关键节点，科 学编制金融业发展规划，深化金融供给侧结构性改革，已经成为落实国家重大战略、推动金融高 ...

Core Insights - The Shanghai Clearing House and Guotai Junan Securities engaged in discussions to enhance collaboration in clearing and custody services, promote RMB internationalization, and contribute to the financial sector's development [1] Group 1 - The meeting was led by Ma Jianyang, Chairman of the Shanghai Clearing House, and included discussions with Zhu Jian, Chairman of Guotai Junan Securities [1] - Both parties emphasized their commitment to the goal of building a strong financial nation and recognized their roles as key financial infrastructure and comprehensive financial service providers [1] - There was a consensus on accelerating business innovation and coordination to support high-quality financial development and the construction of Shanghai as an international financial center [1]

Core Insights - The A-share market continues to show a strong upward trend, driven by high trading volumes and positive policy support, with transaction volumes exceeding 2 trillion yuan for multiple consecutive trading days [2][3] - Private equity funds are increasingly optimistic about the market outlook, as evidenced by a significant rise in the positions of large private equity funds, with the billion-yuan private equity position index increasing by 8.16 percentage points to 82.29%, marking the largest weekly increase of the year [2][3][4] - The overall sentiment among private equity institutions is shifting from cautious to aggressive, as indicated by the increase in full-position private equity funds from 37.16% to 61.97%, a rise of 24.81 percentage points [7][9] Market Dynamics - The stock private equity position index has risen for two consecutive weeks, reaching 74.86%, indicating a growing willingness among private equity to increase their positions [3][4] - The influx of retail investor capital, along with rising financing balances and active personal investment account openings, has contributed to the sustained upward momentum in the A-share market [3][10] Position Adjustments - The distribution of positions among private equity funds shows that 54.80% are fully invested, while medium and low positions have slightly decreased, reflecting an overall increase in risk appetite among private equity institutions [4][9] - The adjustment pattern of "reducing medium positions while increasing full positions" among billion-yuan private equity funds indicates a strong bullish sentiment [9][10] Future Outlook - Analysts suggest that the A-share market is poised for a "bull market second half," supported by domestic macro policies aimed at stabilizing growth and improving corporate profitability [10][11] - The market is expected to attract foreign capital due to its valuation advantages, especially as global conditions improve with the end of U.S. interest rate hikes [11][12]

Core Viewpoint - The development of the futures and derivatives industry is crucial for building a strong financial nation, as emphasized by Yang Guang during the 2025 China (Zhengzhou) International Futures Forum [1] Group 1: Industry Development and Strategic Goals - The Central Financial Work Conference in October 2023 highlighted the strategic goal of accelerating the construction of a strong financial nation, with "building strong financial institutions" as one of the six core elements [1] - The futures and derivatives market plays a vital role in price discovery, risk management, and resource allocation, which heavily relies on specialized financial institutions and intermediary services [1] - Cultivating internationally competitive futures and derivatives financial institutions is essential for constructing a robust financial market and serving national strategies [1] Group 2: Technological Advancements and Market Internationalization - Futures companies are actively leveraging intelligent technologies to promote industry transformation and upgrade, significantly enhancing research quality, settlement efficiency, and risk control capabilities [1] - The internationalization of China's futures market is progressing well, with large futures companies expanding their overseas businesses, which have become new profit growth points [1] - The business scope of these companies is diversifying from traditional brokerage to clearing, asset management, and over-the-counter derivatives [1] Group 3: Regulatory Support and Policy Measures - The State Council's Office has forwarded several policy measures to support the innovative development of futures companies, including improving functional positioning and enhancing business regulation and innovation [2] - The policies aim to broaden capital supplementation channels for qualified futures companies, enhancing their comprehensive strength and risk resistance [2] - The focus is also on promoting the linkage between futures and the real economy, providing better derivative services to enterprises [2] Group 4: Future Initiatives and Industry Self-Regulation - The China Futures Association plans to strengthen industry self-regulation by developing comprehensive rules covering governance, compliance, risk management, and customer service [2][3] - Encouragement for innovation in business, products, and service models is emphasized, along with the need for effective communication with regulatory bodies to support industry development [3] - The association aims to enhance service capabilities by understanding enterprise needs and providing customized risk management solutions [3] Group 5: Talent Development and International Cooperation - There is a focus on cultivating high-end talent with international perspectives and expertise, establishing partnerships with universities and research institutions for talent development [3] - Promoting international exchanges and cooperation is essential for learning from advanced foreign experiences and technologies to enhance the competitiveness of China's futures industry [3] Group 6: Industry Promotion and Cultural Development - Increasing public awareness and recognition of the futures and derivatives market is a priority, along with promoting successful case studies that demonstrate the industry's contribution to the real economy [4] - The industry aims to strengthen its cultural construction by adhering to principles of compliance, integrity, professionalism, stability, and responsibility [4]

Core Viewpoint - The development of the futures and derivatives industry is crucial for building a strong financial nation, as emphasized by Yang Guang during the 2025 China (Zhengzhou) International Futures Forum [1] Group 1: Industry Development and Strategic Goals - The Central Financial Work Conference in October 2023 highlighted the strategic goal of accelerating the construction of a financial strong nation, with "building strong financial institutions" as one of the six core elements [1] - The futures and derivatives market plays a vital role in price discovery, risk management, and resource allocation, which heavily relies on specialized financial institutions and intermediary services [1] - Cultivating internationally competitive futures and derivatives financial institutions is essential for constructing a robust financial market and serving national strategies [1] Group 2: Technological Advancements and Market Internationalization - Futures companies are actively leveraging intelligent technologies to promote industry transformation and upgrade, significantly enhancing research quality, settlement efficiency, and risk control capabilities [1] - The internationalization of China's futures market is progressing, with large futures companies expanding their overseas businesses, which have become new profit growth points [1] - The business scope of these companies is diversifying from traditional brokerage to clearing, asset management, and over-the-counter derivatives [1] Group 3: Regulatory Support and Policy Measures - The State Council's Office has forwarded several policy measures to support the innovative development of futures companies, including improving functional positioning and enhancing business regulation and innovation [2] - The policies aim to support qualified futures companies in broadening capital supplementation channels and enhancing their comprehensive strength and risk resistance [2] - The focus is also on promoting the linkage between futures and the real economy, providing better derivative services to enterprises [2] Group 4: Future Initiatives and Industry Self-Regulation - The China Futures Association plans to strengthen industry self-regulation by developing comprehensive rules covering governance, compliance, risk management, and customer service [2][3] - Encouraging innovation in business, products, and service models is a priority, along with enhancing communication with regulatory bodies to create a favorable policy environment [3] - The association aims to improve service capabilities by understanding enterprise needs and providing customized risk management and financial services [3] Group 5: Talent Development and International Cooperation - There is a focus on cultivating high-end talent with international perspectives and expertise, establishing partnerships with universities and research institutions for talent development [3] - Promoting international exchanges and cooperation is essential for learning from advanced foreign experiences and technologies to enhance the competitiveness of China's futures industry [3] Group 6: Industry Promotion and Cultural Development - Increasing public awareness and recognition of the futures and derivatives market is crucial, along with promoting successful case studies that demonstrate the industry's contribution to the real economy [3] - Strengthening the cultural construction of the futures industry by adhering to principles of compliance, integrity, professionalism, stability, and responsibility is emphasized [4]

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum highlighted the significant advancements in China's futures market, emphasizing its role in supporting the real economy and enhancing risk management capabilities amid external challenges [2][4]. Group 1: Market Development and Performance - The futures market in China has seen a notable increase in service capabilities, with 131 listed commodity futures and options, broadening its reach across various sectors of the national economy [2]. - The participation of industrial clients in the futures market has grown, with a 12.2% year-on-year increase in daily trading volume for industrial clients in 2024, and a continuous rise in the number of listed companies engaging in hedging for 11 consecutive years [2]. - The influence of futures prices has strengthened, with various hedging and trading strategies becoming integral to the operational management of spot enterprises [2]. Group 2: Future Directions and Regulatory Focus - The China Securities Regulatory Commission (CSRC) plans to enhance product offerings by promoting the listing of key energy futures like liquefied natural gas and expanding the futures and derivatives tool coverage [3]. - The CSRC aims to advance high-level market openness by increasing the range of futures and options available for qualified foreign investors, thereby improving their participation in the Chinese futures market [3]. - Efforts will be made to deepen market services, guiding leading enterprises to utilize the futures market effectively and supporting small and medium-sized enterprises in risk management [3]. Group 3: Regional and Institutional Support - The Henan Provincial Government is committed to fostering the development of the futures market through various policies, focusing on innovation and the integration of financial and industrial resources [4]. - Zhengzhou is positioning itself as a crucial hub for domestic and international commodity markets, aiming to enhance the international influence of "Zhengzhou prices" and support the global resource allocation [4]. - The Zhengzhou Commodity Exchange (ZCE) is dedicated to optimizing market supply and enhancing its functions to better serve the modernization of China and the construction of a financial powerhouse [5]. Group 4: Forum Highlights and Themes - The forum's theme, "Empowering the Real Economy to Assist National Strength Construction—Practical Opportunities for High-Quality Development of the Futures Market," reflects the focus on integrating futures market advancements with national economic strategies [6]. - Key speakers at the forum discussed topics such as the outlook for high-quality economic development in China and the evolution of the global derivatives market [6].

Core Viewpoint - The Guang'an branch of the People's Bank of China emphasizes the importance of accurate financial statistics as a foundation for economic development and decision-making, integrating the principle of "seeking truth from facts" into its operations [1][2]. Group 1: Financial Statistics Quality Control - The Guang'an branch acts as the first line of defense in ensuring the quality of financial statistics, adhering to the principle of "seeking truth from facts" as essential for reliable decision-making [2]. - The branch has implemented a comprehensive legal and regulatory framework for statistical work, including education on the Statistical Law and disciplinary regulations, to foster a culture of lawful statistics [2]. - Since 2025, the branch has reviewed over 30 statistical matters from 22 financial institutions, ensuring that adjustments are justified and documented [2]. Group 2: Team Building and Professional Development - The Guang'an branch has organized cross-disciplinary training in statistics, accounting, law, and computer science to cultivate versatile statistical talent [3]. - Various training sessions and workshops have been conducted since 2025, with over 200 participants, to enhance the practical experience of statistical enforcement personnel [3]. Group 3: Supporting Local Development - High-quality financial statistics are viewed as essential for understanding economic trends and supporting macroeconomic decisions [4]. - The branch has produced over 80 statistical products since 2022, providing foundational data services for local economic development [4]. - Collaborative mechanisms have been established with local departments to integrate financial data with economic and policy data, resulting in detailed reports on financial support for the local economy [4]. Group 4: Cross-Regional Collaboration - The Guang'an branch is leveraging opportunities from its integration into the Chengdu-Chongqing economic circle by establishing a data-sharing mechanism with branches in Chongqing [5]. - A regional risk monitoring system has been developed to identify potential financial risks, providing early warnings and decision-making support to local governments [5].

Core Viewpoint - The merger and rebranding of Guotai Junan and Haitong Securities represents the largest A+H dual market absorption merger in the securities industry since the release of the "New Nine Policies" in 2024, significantly impacting industry development [1] Group 1: Financial Performance - Before the merger, Guotai Junan reported total assets of 1.05 trillion yuan, with operating income of 43.397 billion yuan and a net profit of 13.024 billion yuan for 2024, reflecting year-on-year growth of 20.08% and 38.94% respectively [1] - Haitong Securities projected a net loss of approximately 3.4 billion yuan for 2024, primarily due to a significant decline in the valuation of overseas financial assets and reduced investment income [1] - Post-merger, the simulated combined company achieved operating income of 58.646 billion yuan and a net profit of 9.03 billion yuan for 2024, with total assets of 1.73 trillion yuan and net assets of 328.3 billion yuan, leading the industry in capital strength [2] Group 2: Business Operations - The simulated combined company ranked first in the industry for net income from brokerage fees at 11.822 billion yuan and investment banking fees at 4.603 billion yuan for 2024 [2] - The new entity aims to inherit the strategic paths of both original companies, with a vision to gradually expand onto the international stage, covering 17 countries and regions including mainland China, Hong Kong, Macau, the US, UK, Singapore, and Japan [2] Group 3: Shareholding Structure - Following the merger, the controlling shareholder Shanghai International Group's stake decreased from 33.36% to 20.40%, maintaining its position as the largest shareholder, with the actual controller remaining the Shanghai State-owned Assets Supervision and Administration Commission [3] - The Shanghai State-owned Assets Supervision and Administration Commission plans to support innovative business with 10 billion yuan in state capital over the next five years while emphasizing non-interference in daily operations [3] - The control arrangement of Guotai Haitong focuses on share decentralization and market-oriented governance, aiming for a smooth transition through the retention of the original controlling shareholder's position and optimization of the board structure [3]