会议强调，坚持改革攻坚，不断提高资本市场制度包容性吸引力。启动实施深化创业板改革，加快科创 板"1+6"改革举措落地。推动私募基金行业高质量发展，尽快落地商业不动产REITs试点，研究推出新的 重点期货品种。坚持扶优限劣，加快打造一流投资银行和投资机构。稳步扩大制度型开放，优化合格境 外投资者制度和互联互通机制，提高境外上市备案质效。 北京商报讯（记者 马换换 李佳雪）12月15日午间，中国证监会官网发文称，近日，中国证监会党委书 记、主席吴清主持召开党委（扩大）会议，传达学习中央经济工作会议精神，结合全国金融系统工作会 议要求，研究部署证监会系统贯彻落实举措。 ...

Group 1 - The core viewpoint emphasizes the need for the China Securities Regulatory Commission (CSRC) to strengthen policy interpretation and market expectation guidance, while also addressing market concerns in a timely manner [1] - The CSRC plans to implement reforms in the ChiNext board and accelerate the rollout of the "1+6" reform measures for the Sci-Tech Innovation Board [1] - There is a focus on promoting high-quality development in the private equity fund industry and expediting the pilot program for commercial real estate REITs [1] - The CSRC aims to enhance the reputation management responsibilities of industry institutions and listed companies, while continuing to tell a positive narrative about the stock market [1] - The initiative includes a commitment to support superior firms and limit weaker ones, with the goal of building first-class investment banks and institutions [1] - The CSRC intends to steadily expand institutional openness, optimize the Qualified Foreign Institutional Investor (QFII) system, and improve the efficiency of overseas listing filings [1]

全面推动落实中长期资金长周期考核机制，大力发展权益类公募基金，推动指数化投资高质量发展。 据证监会，近日，中国证监会党委书记、主席吴清主持召开党委（扩大）会议，传达学习中央经济工作 会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。 会议强调，这次中央经济工作会议对资本市场工作作出重要部署，充分体现了党中央对资本市场的高度 重视和殷切期望。证监会系统要深入学习贯彻习近平总书记重要讲话精神，认真落实中央经济工作会议 部署，按照全国金融系统工作会议安排，坚持稳中求进、提质增效，紧扣防风险、强监管、促高质量发 展主线，持续深化资本市场投融资综合改革，更好助力稳就业、稳企业、稳市场、稳预期，为经济高质 量发展和"十五五"良好开局积极贡献力量。 一是坚持战略引领，认真做好"十五五"规划编制和实施。积极配合编制国家"十五五"规划纲要，科学制 定资本市场"十五五"规划体系，系统谋划未来五年资本市场发展主要目标、任务和重要举措，以钉钉子 精神抓好落实。 二是坚持固本强基，持续增强市场内在稳定性。积极培育高质量上市公司群体，开展新一轮公司治理专 项行动，引导优质公司持续加大分红回购力度。全面推动落实中长期 ...

人民财讯12月15日电，近日，中国证监会党委书记、主席吴清主持召开党委(扩大)会议，传达学习中央 经济工作会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。会议强调， 坚持改革攻坚，不断提高资本市场制度包容性吸引力。启动实施深化创业板改革，加快科创板"1+6"改 革举措落地。推动私募基金行业高质量发展，尽快落地商业不动产REITs试点，研究推出新的重点期货 品种。坚持扶优限劣，加快打造一流投资银行和投资机构。稳步扩大制度型开放，优化合格境外投资者 制度和互联互通机制，提高境外上市备案质效。 ...

Economic Strategy - The Central Economic Work Conference emphasized the importance of "five musts" for economic growth, including fully tapping economic potential and combining policy support with reform innovation[2] - The focus has shifted from simple scale expansion to precise efficiency improvement, with a projected fiscal deficit rate of 4% for the coming year[3] Investment and Consumption - The meeting highlighted a transition from investment-driven growth to consumption-led growth, with plans to implement a rural and urban income increase program[9] - Investment will focus on quality rather than quantity, with an emphasis on urban renewal and infrastructure improvements[10] Technological Innovation - The conference stressed the importance of "AI+" in reshaping industries, aiming to integrate AI technology across traditional sectors[12] - National strategic resources will be concentrated in key innovation hubs like Beijing, Shanghai, and the Guangdong-Hong Kong-Macau Greater Bay Area[12] Structural Reforms - The meeting called for deep reforms to address structural contradictions in the economy, including the establishment of a unified national market and the elimination of "involution" in competition[14] - Financial supply-side structural reforms will focus on quality over quantity, with an expected wave of mergers among small financial institutions[15] Risk Management - The conference underscored the need to stabilize the real estate market and manage local government debt risks through optimized restructuring methods[24] - Measures will be taken to ensure food security and stabilize agricultural product prices to protect farmers' incomes[19]

Core Viewpoint - The article emphasizes the importance of deepening reforms and expanding high-level openness as key strategies for achieving modernization in China, particularly in the context of Zhengzhou's development as a national central city and a hub for domestic and international dual circulation [1][2][4]. Group 1: Reform and Development - The need to deepen reforms to enhance advantages and build a dual circulation hub is highlighted as a strategic choice for Zhengzhou to fulfill its responsibilities as a national central city [2]. - Zhengzhou is one of three cities in China designated as pilot cities for comprehensive market-oriented allocation of factors, indicating its role in leading reform initiatives [2]. Group 2: Open Economy and Market Integration - The article stresses the importance of integrating into the national unified market to leverage the advantages of a large market scale and unlock development potential [2]. - Zhengzhou aims to strengthen its position as a comprehensive international transportation hub and enhance its modern commercial logistics capabilities [2][3]. Group 3: Infrastructure and Connectivity - Zhengzhou is positioned as a critical transportation hub with a high-level international status, featuring a comprehensive high-speed rail network and international air transport capabilities [3]. - The city is recognized for its strategic resources that connect various regions, making it a vital manufacturing base and an inland opening window [3]. Group 4: Systematic Reform and Innovation - The article advocates for a unified approach to reform and openness, suggesting that deeper reforms will necessitate higher levels of openness and vice versa [4]. - It calls for innovative thinking to expand institutional openness and actively participate in the construction of a unified national market [4].

Group 1 - The official launch of the Hainan Free Trade Port's full island closure on December 18 marks a new phase in its development and accelerates China's high-level opening-up [1] - The core concept of high-level opening-up is institutional opening, focusing on aligning domestic systems with international high-standard economic and trade rules [2][5] - The Central Economic Work Conference emphasized the need to steadily advance institutional opening and optimize the layout of free trade pilot zones, particularly in Hainan [2] Group 2 - Over the "14th Five-Year Plan" period, nearly 200 institutional innovation achievements have been formed across 22 free trade pilot zones, with over 110 pilot measures launched to align with international high-standard economic rules [3] - The Ministry of Commerce is promoting pilot projects in Hainan to align with international high-standard economic rules, including temporary importation of repaired and remanufactured products [3] - The upcoming closure of Hainan Free Trade Port is expected to enhance the free flow of various production factors, creating a strong magnet for global resource allocation [4] Group 3 - Ensuring fair competition among market participants is crucial, with a focus on anti-monopoly and preventing unfair competition [4] - A fair market environment requires equal treatment for state-owned, private, and foreign-invested enterprises in market access, bidding, and subsidies [4] - High-level institutional opening involves not only the input of rules but also a two-way alignment with international economic and trade rules, promoting domestic reforms and exporting successful practices [5]

Group 1 - The conference "2025 14th Annual Meeting on the Development of Listed Companies and Hainan Free Trade Port Opportunities Exchange Conference" was successfully held in Haikou, with over 400 listed companies and more than 20 institutions participating, discussing policy paths and global opportunities under the new customs closure [1][3] - Hainan Free Trade Port's core policy is characterized by "one line open, two lines controlled, and free within the island," offering three major benefits: zero tariffs, low tax rates, and greater freedom for enterprises [3][4] - After the customs closure, 6,637 imported goods will be subject to zero tariffs, and enterprises in encouraged industries will enjoy a 15% corporate income tax rate [3][4] Group 2 - The conference focused on the theme "Embracing Diversity, Open Cooperation," aiming to build a platform for collaboration and explore innovative paths for project implementation [4] - The former Vice Minister of the Ministry of Industry and Information Technology highlighted that the next five years will be a critical period for the digital transformation of industrial enterprises, emphasizing the need for deep integration of the real economy and digital economy [5] - The analysis from the capital market perspective indicated that high-tech sectors in the stock market are expected to lead the market, as a healthy market ecosystem requires a group of long-term performing listed companies [5] Group 3 - The first roundtable discussion focused on AI's value propositions, with industry leaders emphasizing the importance of understanding target customers and industry data governance [6][7] - The second roundtable highlighted the strategic planning of companies in the robotics industry and the importance of understanding local cultures when expanding into international markets [7] - The discussions on new consumption trends emphasized the shift from production-driven to consumption-driven models, with a focus on creating new consumer experiences and emotional value [8][9]

Core Viewpoint - The Chinese economy is expected to perform better than anticipated in 2025, with a projected GDP of approximately 140 trillion yuan, and incremental policies will be implemented in 2026 based on evolving circumstances to promote stable economic growth [1][3]. Economic Performance - The year 2025 is highlighted as significant for China's modernization, with major economic indicators expected to meet targets, and a growth rate of around 5% is forecasted for the year [2]. - China's economy has shown resilience and vitality, with strong performance in employment, foreign trade, and advancements in modern industrial systems, particularly in AI, biomedicine, and robotics [2][3]. Policy Implementation - Incremental policies will be introduced in 2026 to enhance macroeconomic governance, focusing on both existing and new policies to foster economic stability [4]. - A proactive fiscal policy will be maintained, ensuring necessary fiscal deficits and expenditures while enhancing local financial autonomy and optimizing expenditure structures [4][5]. Monetary Policy - A moderately loose monetary policy will continue, with an emphasis on maintaining liquidity and supporting key sectors such as technology innovation and small to medium enterprises [5]. - The alignment of fiscal and monetary policies will be reinforced to ensure cohesive economic measures [5]. Economic Strategy - Five key principles for economic work have been outlined: maximizing economic potential, balancing policy support with reform, effective regulation, combining investments in physical and human capital, and strengthening internal capabilities to face external challenges [6][7]. - The focus will be on expanding both exports and imports to promote sustainable foreign trade development [8]. Income and Employment - Efforts will be made to synchronize income growth with economic growth, with initiatives to boost consumer spending and enhance employment quality, particularly for vulnerable groups [9][10]. - Green development will be prioritized, with plans for energy transition and carbon emission control to support high-quality growth [10].

中新网海口12月13日电 (记者张茜翼)2025第十四届上市公司发展年会暨海南自贸港开放机遇交流大会12 日在海口举办。超过400家上市公司、20多家机构赴会，政产学研精英共话封关新局下的政策路径、全 球化机遇。 苏波表示，未来5年工业企业数字化转型是推进智能制造、实现制造业创新发展的主战场，需促进实体 经济与数字经济深度融合，加快数智技术创新，强化算力、算法、数据高效供给，建立健全数据要素基 础制度，以数智技术赋能千行百业。 中国国际经济交流中心副理事长胡晓炼聚焦海南开放特质指出，海南的开放是高水平开放，核心是制度 型开放——通过推进规则、规制、标准、管理与国际高标准经贸规则和良好实践相容衔接，从降低关 税、放宽市场准入等边境开放，转向更注重对接国际通行规则、完善国内制度体系的边境后开放。 大会还邀请国内行业领军企业围绕"AI价值锚点"与"新出海范式"展开智慧风暴，分享一线经验与思考。 (完) （文章来源：中国新闻网） 12月18日，海南自贸港将迎来全岛封关运作。海南国际经济发展局局长唐华在主会场致辞与推介环节表 示，海南自贸港的政策核心是"一线放开、二线管住、岛内自由"的制度型开放，叠加"零关税、低税 率 ...