Core Viewpoint - The article emphasizes the importance of risk management in the financial sector, focusing on mitigating existing risks and preventing new ones, while ensuring that there are no major financial failures [1][3]. Group 1: Risk Management - The financial regulatory authority is committed to effectively managing and resolving key risk areas, with a focus on addressing existing risks and preventing new ones, while maintaining a strict no "explosion" policy [3]. - There is a strong emphasis on supporting the stability of the real estate market and facilitating a new model for real estate development through coordinated financing mechanisms [3]. Group 2: Regulatory Enhancement - The article highlights the need to enhance the quality and effectiveness of financial regulation, including improving legal frameworks and enforcement capabilities [3]. - Financial institutions are encouraged to adopt a correct view of operations, performance, and risk, aiming for cost reduction and efficiency improvements [3]. Group 3: Promoting High-Quality Development - Financial institutions are urged to increase support for national strategic initiatives and key sectors, enhancing the adaptability of financial services to economic needs [4]. - There is a focus on innovative financial services, particularly in technology and support for small and micro enterprises, as well as insurance services for new employment forms [4]. Group 4: Party Governance and Stability - The article stresses the importance of strict governance within the financial regulatory system, including political education and anti-corruption measures [4]. - It calls for a comprehensive review of this year's key objectives and proactive planning for financial regulatory priorities in 2026 [4].

一是深学细悟，服务国家战略方向。东海期货聚焦两大战略主线，构建了深度嵌入产业链的服务体系。 二是因地制宜，精准对接区域发展。东海期货积极探索"一地一策"的特色服务模式，始终致力于成为区 域产业发展的"共建者"与"赋能者"。 三是强化风控，筑牢行业安全底线。东海期货始终将风险防控作为生命线，秉承"合规先行、风控前 置"原则，构建了以合规风控为基石、数据智能为引擎的一体化风控体系。 中证报中证网讯(记者马爽王超)2025年12月10日至11日，中央经济工作会议在北京举行。东海期货总经 理陈太康表示，作为行业的参与者，东海期货深知期货市场必须成为服务国家战略、稳定实体经济的重 要金融力量，在推动高质量发展中展现专业担当。 四是凝聚合力，共谱行业发展新篇。东海期货积极探索构建"政、产、学、研、金"高效联动生态，将专 业服务嵌入区域发展蓝图，与产业链企业共同研究定制化解决方案，加强与行业机构协作推动服务创 新。唯有凝聚广泛智慧与资源，方能携手谱写期货行业服务实体经济的崭新篇章。 ...

Core Insights - The article discusses the successful completion of the Huatai Chuangxing CEO Global Acceleration Camp, focusing on capital operation modules aimed at helping small and medium enterprises transition from rapid growth to high-quality development [1][28]. Group 1: Capital Operation and Financing - The current entrepreneurial landscape necessitates that SMEs overcome challenges related to financing to build resilience for long-term growth [3]. - Effective financing requires understanding the preferences of investment institutions and ensuring value alignment rather than merely selling a story [4]. - Entrepreneurs must demonstrate verifiable product-market fit and clear growth paths to attract investment, as market logic emphasizes the importance of financial discipline and operational consistency [6][13]. Group 2: Mergers and Acquisitions - Mergers and acquisitions are crucial for enterprise expansion and resource integration, with a focus on strategic negotiation and understanding the multifaceted nature of transactions [9]. - Successful negotiation involves a comprehensive approach that goes beyond price, emphasizing strategic thinking and the balance of various factors [9]. Group 3: Legal and Financial Considerations - Legal challenges in financing, such as equity arrangements and risk points in investment agreements, are critical for entrepreneurs to understand [11]. - Financial preparation is essential for companies seeking to go public, particularly in ensuring transparency and compliance with regulatory standards [17]. Group 4: Community and Networking - The acceleration camp fosters a supportive community where entrepreneurs can share experiences and challenges, enhancing collaboration and trust among participants [21][25]. - Participants highlighted the value of learning from peers at similar stages of development, which aids in navigating common challenges and avoiding pitfalls [26][27]. Group 5: Future Outlook - The program aims to continue supporting entrepreneurs in adapting to changing market conditions and technological advancements, with ongoing recruitment for the next cohort [29].

Core Insights - The Central Economic Work Conference outlined eight key tasks for China's economic work in 2026, emphasizing the importance of domestic demand and innovation-driven growth [1][2][3] Group 1: Economic Strategy - The first task is to "insist on domestic demand as the main driver and build a strong domestic market," highlighting its significance in the overall economic development [1] - The second task focuses on "insisting on innovation-driven growth and accelerating the cultivation of new momentum," indicating that technological innovation will play a crucial role in expanding domestic demand [1] - The third task emphasizes "deepening reforms to enhance the vitality of high-quality development," which includes improving the national unified market and optimizing the business environment to address institutional bottlenecks [1] Group 2: External Relations and Cooperation - The fourth task is to "insist on opening up and promoting win-win cooperation in multiple fields," which aims to enhance the synergy between domestic and international markets and resources [2] - The fifth task stresses "coordinated development to promote urban-rural integration and regional linkage," essential for achieving a broader and more robust new development pattern [2] Group 3: Sustainability and Social Welfare - The sixth task is to "insist on leading with 'dual carbon' goals to promote comprehensive green transformation," aligning with the previously announced goals of carbon peak and carbon neutrality [2] - The seventh task focuses on "prioritizing people's livelihoods and striving to do practical things for the public," reiterating the importance of stabilizing employment, businesses, markets, and expectations [2] Group 4: Risk Management - The eighth task is to "ensure bottom-line stability and actively and prudently resolve risks in key areas," particularly in stabilizing the real estate market and managing local government debt risks [2] - The overall economic policy approach is shifting from "promoting stability through growth" to "quality and efficiency," emphasizing the need for coordinated policy efforts [3]

Core Viewpoint - The recent appointment of Chief Compliance Officers (CCOs) in multiple trust companies is driven by regulatory requirements and the need for industry transformation and stable operations [1][3][5]. Group 1: Regulatory Requirements - The establishment of CCOs in trust companies is a response to the revised "Trust Company Management Measures," which mandates that CCOs be appointed by January 1, 2026 [1][5]. - The "Financial Institutions Compliance Management Measures," effective from March 1, 2023, requires financial institutions to have a CCO who reports directly to the board [4][5]. Group 2: Industry Transformation - The appointment of CCOs aims to enhance compliance governance capabilities, prevent systemic risks, and address previous issues of compliance management at the executive level [3][5]. - CCOs will play a crucial role in integrating compliance into strategic decision-making and business processes, shifting compliance from a support function to a decision-making role [5][6]. Group 3: Risk Management - The trust industry has faced numerous compliance violations, with penalties reaching 18.03 million yuan in 2025, highlighting the need for robust risk management frameworks [3][5]. - CCOs are expected to lead the development of comprehensive risk control mechanisms, ensuring compliance checks are integrated into key business stages [3][5]. Group 4: Enhancing Industry Credibility - The establishment of CCOs is also aimed at restoring the credibility of the trust industry, which has suffered from inadequate information disclosure and other issues that have harmed investor interests [3][5]. - By strengthening oversight, CCOs can improve the transparency of trust products and rebuild trust among high-net-worth clients [3][5].

中央经济工作会议12月10日至11日在北京举行。 | | 微观政策要 | 加快建设现 | | 以科技创新引领 | 坚持创新驱动, | | --- | --- | --- | --- | --- | --- | | | 持续激发市 | 代化产业体 | 着力扩大国 | 新质生产力发 | 加紧培育壮大新 | | | | | 内需求 | 展,建设现代化 | | | | 场主体活力 | 系 | | 产业体系 | 动能 | | | 结构政策要 | 切实落实 | 深化重点领 | 友挥经济体制改 革牵引作用,推 | 坚持改革攻坚, | | | 看力畅通国 | "两个毫不 | | | 增强高质量发展 | | | 民经济循环 | 动摇" | 域改革 | 动标志生改革举 | 动力活力 | | | | | | 措落地见效 | | | | 科技政策要 | 更大力度吸 | 扩大高水平 | 扩大高水平对外 | 坚持对外开放, | | | | 引和利用外 | | 开放,稳外贸、 | 推动多领域合作 | | 明年 | 扎实落地 | 资 | 对外开放 | 稳外资 | 共赢 | | 重点 | 改革开放政 | 有效防范化 持续有效防 | | 有效防 ...

其中提到，推动房地产高质量发展。加快构建房地产发展新模式，建立"人、房、地、钱"要素联动机 制，更好满足群众刚性和多样化改善性住房需求。优化保障性住房供给，满足城镇工薪群体和各类困难 家庭基本住房需求。巩固扩大房票安置成效，加大住房以旧换新力度，盘活存量商品房。建设安全舒适 绿色智慧的"好房子"，实施住宅工程品质提升行动和物业服务质量提升行动。建立房屋全生命周期安全 管理制度，加快建设完整社区，完善城市社区嵌入式服务设施，因地制宜实施城中村改造，统筹推进城 镇老旧小区改造。加快推动建筑业高质量发展。 风险防控方面，规划强调加强重点领域风险防范和化解。严格落实维护社会稳定责任制。完善重点领域 安全发展政策，健全定期评估和动态调整机制。加强维护政治安全能力建设，坚决维护国家政权安全、 制度安全、意识形态安全。完善金融风险防范和处置工作机制，积极稳妥化解房地产、地方中小金融机 构等风险，强化地方债务全口径管理，做好大型企业债务风险管控，提升上市公司质量，保障粮食、能 源资源、食品药品、重要产业链供应链、水环境等安全。加强生物安全监管预警防控，健全网络安全防 御机制，强化人工智能、深度合成、无人机等新技术新应用安全监 ...

Core Viewpoint - The construction of Hainan Free Trade Port is a strategic goal aimed at making it a significant gateway for China's new era of opening up, which requires strong work style guarantees [2][3]. Group 1: Importance of Work Style in Free Trade Port Construction - Work style construction is crucial for the overall development of Hainan Free Trade Port, as it directly impacts the ability to manage risks and maintain political integrity [2]. - The optimization of the business environment in Hainan is essential for the success of the Free Trade Port, relying on a clean, efficient, and pragmatic cadre team [2][4]. Group 2: New Requirements from Customs Closure Operations - The full customs closure operation is set to officially start on December 18, 2025, establishing a special customs supervision area with liberalized policies [3]. - This new operational framework demands a higher standard of work style from officials, necessitating the elimination of any skills gaps and enhancing their ability to navigate complex environments [3]. Group 3: Mechanisms for Long-term Work Style Construction - A multi-faceted approach is needed to strengthen work style, including ideological guidance, practical incentives, problem-oriented training, and strict discipline enforcement [4]. - Emphasis on cultivating a culture of integrity and accountability among officials is vital to ensure the Free Trade Port's construction progresses in the right direction [4][6].

Group 1 - The global macroeconomic environment remains complex in the first half of this year, with preliminary statistics indicating that the investment returns of the China Investment Corporation (CIC) exceeded the board's assessment indicators for the first half of 2025 [1] Group 2 - Central Huijin Company, a subsidiary of CIC, will continue to play a stabilizing role in the capital market, adhering to a work guideline of seeking progress while maintaining stability in 2024 [2] - The company aims to enhance the governance effectiveness of state-owned financial capital and support the high-quality development of its controlled and participating institutions [2] - Central Huijin will optimize the entrusted management system of state-owned financial capital and explore innovative equity management tools to improve corporate governance and core competitiveness of its controlled institutions [2] - The company will strengthen risk prevention capabilities by establishing a comprehensive risk monitoring framework and enhancing risk warning mechanisms for its controlled institutions [2] - Since 2025, the equity relationships of seven institutions have been transferred to Central Huijin, which will exercise shareholder rights in accordance with investment ratios and company charters [2] Group 3 - Central Huijin has been a crucial strategic force in maintaining capital market stability, functioning similarly to a "stabilization fund" [3] - The company will continue to act as a stabilizer in the capital market to support smooth market operations in the future [3]

交通银行河南省分行将持续巩固现有成果，不断提升风险防控精细化管理水平，当好服务实体经济的主 力军和维护金融稳定的压舱石。 （CIS） 交通银行河南省分行坚持将统筹发展和安全融入经营全过程，不断强化信用风险管理，提升风险防控的 前瞻性、主动性和精准性，持续夯实资产质量。 一是强化风险防控能力。压实风险管理主体责任，加强贷前贷中贷后全流程管理，建立客户风险定期审 视研判机制，强化预期管控，提升风险预警能力。二是抓实风险管控过程。强化房地产、地方债务等重 点领域风险动态管控，充分发挥"四早"工作机制作用，做实减退加固名单管理。发挥风险化解工作专班 机制作用，强化贷后管理及风险缓释工具的运用，对客户进行分层分类，针对性推进分阶段还款、再融 资等重组方案的落地。三是提高不良处置成效。对公重点项目坚持一户一策，精准施策，通过整合资源 等方式，加快处置进度；零售重点领域，根据资产质量特点分类定策，在强化诉讼、核销等传统工具运 用的同时，大力推进个贷不良资产证券化项目，加强与法院、律所等外部机构合作，优化诉前调解流 程，提升不良贷款处置质效。 ...