日前举行的中央经济工作会议，对明年的经济工作做出部署和擘画。我们根据会议内容，梳理出一些关注热点，一起了 解。 中央经济工作会议热点简读 深入实施提振消费专项行动 到京守依据分星星曲听斗机 WILL LOCK IN T JULY THE LA 凯华社 更好统筹国内经济工作 和国际经贸斗争 更好统筹发展和安全 面对复杂的外部环境,保持战略 定力，坚定必胜信心，以苦练内功 来应对外部挑战，坚定不移把自己 的事情办好。 STANDATION THE THE STORE FOR AND FOR STORE 中央经济工作会议热点简读 把促进经济稳定增长 物价合理回升 作为货币政策的重要考量 要灵活搭配、高效运用降准降 息等多种货币政策工具,保持流动 性充裕,促进社会综合融资成本低 位运行,使社会融资规模、货币供 应量增长同经济增长、物价总水平 预期目标相匹配。 中央经济工作会议热点简读 六月七十八 / 日本 TAVEY 通过供需双侧协同发力打通国内 大循环的关键堵点，既从需求端促进 居民增收、提升居民消费能力，又从 供给端扩大优质商品和服务供给,提 升供给体系对需求的适配性。 部华社 RAN 中央经济工作会议热点简读 ...

商务部财务司负责人介绍，《通知》提出3方面11条政策措施。 一是深化商务和金融系统协作。推动地方有关部门加强沟通交流和分工协作，鼓励有条件的地方健 全沟通合作机制，强化财政资金、信贷资金与社会资本等合力，细化落实具体实施细则，共同打好政 策"组合拳"。 人民日报海外版记者 王俊岭 近日，商务部、中国人民银行、金融监管总局联合印发《关于加强商务和金融协同 更大力度提振 消费的通知》（以下简称《通知》），指导地方相关部门和金融机构加强协同，精准施策推动惠民生和 促消费紧密结合，形成提振和扩大消费的更大工作合力。 二是加大消费重点领域金融支持。鼓励金融机构围绕升级商品消费、扩大服务消费、培育新型消 费、创新多元化消费场景、助力消费帮扶五大重点领域，优化金融产品服务，推动供需两端强化对接， 提高对商品和服务消费的适配性，因地制宜推动新型消费发展，支持消费新业态新模式新场景建设，落 实落细各项金融支持举措。 三是扩大政金企对接合作。鼓励发挥"政金企"扩消费合力，开展多层次、多渠道、多样化的促消费 活动和信息共享，做好精准对接服务，用足用好相关政策红利，更好满足相关经营主体和消费者需求。 比如，升级商品消费方面，推动金融 ...

Market Overview - The A-share market is experiencing a weak adjustment, with major indices collectively declining. The Shanghai Composite Index is down 1.22% at 3820.85 points, the Shenzhen Component Index is down 1.88% at 12866.09 points, and the ChiNext Index is down 2.35% at 3063.97 points [2] Smart Driving Sector - The smart driving sector is showing strength, driven by the approval of the first L3-level autonomous driving models. The ride-hailing concept stocks are surging, with companies like Jinjiang Online, BAIC Blue Valley, and Tongda Electric hitting the daily limit [5][6] - The two approved L3-level autonomous driving models are from Changan Automobile and BAIC Blue Valley, marking a significant step towards commercial application of autonomous driving in China [8] Retail Sector - The retail sector is experiencing localized movements, with the Shenwan Commercial Retail Index rising by 1.28%. Several stocks, including Yonghui Supermarket and Cuiwei Co., are hitting the daily limit [10][11] - A recent notice from the Ministry of Commerce, the People's Bank of China, and the financial regulatory authority emphasizes enhancing collaboration between commerce and finance to boost consumption, focusing on five key areas [12]

提振消费是贯穿今年全年的关键词之一。历经需求升级和市场扩容后，消费需求分化的趋势随之明 朗。城市与乡村、老者与孩童、沿海与内陆……在多元因素驱动下，不同群体表现出差异明显的消费偏 好。从大众化到个性化，从价格导向到品质导向，从实物消费到体验式消费，消费潜力的挖掘不断凸 显"精准"二字。 近年来，我国消费品供给已进入优质优价新发展阶段，基本满足人民美好生活需要，但消费供给侧 的结构性矛盾依然存在，既有低端和同质化供给过剩，又有优质、个性化和热点消费供给不足，消费潜 力尚未充分释放。 今年3月，中共中央办公厅、国务院办公厅印发《提振消费专项行动方案》，旨在全方位扩大国内 需求，以增收减负提升消费能力、以高质量供给创造有效需求、以优化消费环境增强消费意愿。 随后，各地纷纷跟进，提出突出地方特点的具体举措。其中，北京立足浓厚的历史文化底蕴、鲜明 的产业特色、多样的资源禀赋，印发《北京市扩大时尚消费专项行动方案》，实施时尚场景育新行动、 时尚活动提升行动、时尚品牌创新行动等五大专项行动，力求丰富时尚消费供给，彰显首都时尚魅力。 江苏以首发经济为发力点，印发《江苏省加快推动首发经济促进消费高质量发展的若干措施》，明确丰 ...

Core Viewpoint - The recent joint notification by the Ministry of Commerce, the People's Bank of China, and the Financial Regulatory Bureau aims to enhance collaboration between commerce and finance to boost consumer spending and improve living standards [2][3]. Group 1: Policy Measures - The notification outlines three main areas with eleven policy measures to strengthen cooperation between the commerce and financial systems [3]. - It encourages local departments to enhance communication and collaboration, promoting a coordinated approach involving fiscal funds, credit, and social capital [3]. - Financial institutions are urged to support five key areas: upgrading product consumption, expanding service consumption, fostering new consumption types, innovating diverse consumption scenarios, and assisting consumption support [3][4]. Group 2: Financial Support Initiatives - Financial institutions are encouraged to collaborate with platforms and key merchants to improve payment options such as installment plans, credit cards, and digital currencies to meet consumer upgrade demands [4]. - The notification emphasizes the need for tailored personal consumption loan policies based on customer repayment capabilities and credit status, aiming to accelerate the development of personal consumption loans [4]. - It also highlights the integration of financing, settlement, and insurance services to support new consumption models and enhance financial backing for various consumer activities and urban development projects [4]. Group 3: Implementation and Future Steps - The Ministry of Commerce plans to work with the People's Bank of China and the Financial Regulatory Bureau to guide local departments and financial institutions in implementing these measures effectively [4]. - The initiative aims to address barriers to consumer potential and provide targeted policy recommendations based on experiences from various local commerce departments and financial institutions [4].

Core Viewpoint - The article emphasizes the importance of implementing a strategy to expand domestic demand, focusing on enhancing consumer spending potential and capability [1] Group 1: Enhancing Consumer Spending Potential - The government aims to significantly boost residents' willingness to consume through targeted actions [1] - Initiatives include stabilizing major consumption sectors and promoting policies like trade-in for consumer goods [1] - There is a focus on creating new consumption scenarios through brand leadership, standard upgrades, and new technology applications [1] - Support will be provided for emerging economies, event economies, and e-commerce development [1] - Key projects will be implemented in areas such as elderly care, childcare, health, and cultural tourism to meet the needs of consumption upgrades and population aging [1] - Urban renewal projects will be prioritized, including updates to parking facilities and old elevators [1] - Efforts will be made to expand inbound consumption and improve convenience levels [1] Group 2: Enhancing Consumer Capability - The government will strengthen employment-first policies to stabilize and expand job opportunities through multiple channels [1] - There will be an emphasis on optimizing the entrepreneurial environment to promote employment [1] - A plan to increase income for urban and rural residents will be implemented, aiming to raise the share of residents' income in national income distribution [1] - The government will work to ensure that labor remuneration increases in tandem with economic growth and productivity [1] - Policies aimed at direct consumer benefits will be enhanced, with increased government funding for social welfare expenditures [1] - The social security system will be improved, and efforts will be made to promote equal access to basic public services [1] - Support for childbirth and parenting will be increased [1]

来源：金融界AI电报 国家发改委在《求是》杂志发表文章《坚定实施扩大内需战略》中指出，着力释放居民消费潜力。一方 面，大力提升居民消费意愿。深入实施提振消费专项行动。加力稳定大宗消费，实施好消费品以旧换新 政策。强化品牌引领、标准升级、新技术应用，打造一批带动面广、显示度高的消费新场景。支持首发 经济、赛事经济、电子商务等发展。顺应消费升级、人口老龄化、促进出生人口增长等需要，在养老、 托育、健康、文旅等消费配套设施领域实施一批重点项目。大力实施城市更新，抓好停车场、老旧电梯 更新等民生微项目。进一步拓展入境消费，提升便利化水平。另一方面，切实增强居民消费能力。强化 就业优先政策，多渠道稳定和扩大就业，优化创业促进就业政策环境，支持重点群体就业。实施城乡居 民增收计划，提高居民收入在国民收入分配中的比重，提高劳动报酬在初次分配中的比重，努力实现居 民收入和经济增长同步、劳动报酬提高和劳动生产率提高同步。加大直达消费者的普惠政策力度，增加 政府资金用于民生保障支出。健全社会保障体系，稳步推进基本公共服务均等化，加大生育养育支持力 度。 ...

Core Viewpoint - The Ministry of Commerce, the Central Bank, and the Financial Regulatory Authority jointly issued a notice to enhance collaboration between commerce and finance to boost consumption [1] Group 1: Expansion of Service Consumption - The notice emphasizes the need to expand service consumption [1] - It highlights the importance of developing financial products suitable for small and micro enterprises [1] Group 2: Financial Product Development - The initiative includes the development of commercial insurance products such as annuities, health insurance, and accident insurance [1] - There is a focus on improving the adaptability of financial services to service consumption [1] Group 3: Innovation in Consumption Scenarios - The notice calls for the innovation of diversified consumption scenarios [1] - It aims to integrate financing, settlement, and insurance into comprehensive financial services to support new consumption models and scenarios [1]

Core Viewpoint - Consumption is becoming a key driver for enhancing the quality and efficiency of China's economy, as emphasized by recent government initiatives aimed at boosting consumer spending [2][3]. Group 1: Government Initiatives - The Ministry of Commerce, the People's Bank of China, and the financial regulatory authority have jointly issued a notice to strengthen the collaboration between commerce and finance to stimulate consumption [2]. - The Central Economic Work Conference has prioritized boosting consumption and expanding domestic demand as the foremost task for economic work in the coming year [2]. Group 2: Economic Structure and Consumer Behavior - The internal structure of a consumption-driven model is complex, requiring a multi-dimensional approach that includes innovative supply systems and diverse consumer preferences [3]. - Policies aimed at boosting consumption must focus on three key aspects: the ability to consume, the willingness to consume, and the courage to consume [4]. Group 3: Enhancing Consumer Ability - Increasing people's income is essential to enhance their ability to consume, with a focus on implementing urban and rural resident income growth plans [4]. - The current imbalance between savings and consumption is a significant barrier to effective demand, necessitating reforms in income distribution to favor residents [4]. Group 4: Consumer Confidence and Willingness - Consumer confidence is crucial, as current hesitance to spend stems from concerns about future responsibilities such as retirement and healthcare [4]. - Strengthening social security and welfare systems can provide residents with a sense of security, encouraging them to spend more [4]. Group 5: Consumer Rights and Market Trust - Improving consumer rights protection and reducing costs associated with consumer disputes are vital for fostering trust in the domestic market [5]. - Introducing legal frameworks such as collective lawsuits and dispute resolution mechanisms can enhance the balance of power in consumer markets, making residents more willing to engage in domestic consumption [5]. Group 6: Financial Support for Consumption - Transforming the vast capital stock accumulated since the reform and opening up into a wealth lever for consumer spending is essential [5]. - The focus should be on converting state-owned capital from production-oriented to consumption-oriented, while avoiding excessive leverage on household balance sheets [5].

Core Viewpoint - Consumption is becoming the key driver for improving the quality and efficiency of China's economy, as highlighted by recent government initiatives aimed at boosting consumer spending and enhancing financial support [2][3]. Group 1: Policy Initiatives - The Ministry of Commerce, the People's Bank of China, and the Financial Regulatory Authority have jointly issued a notice to encourage consumer activities and financial support to stimulate consumption potential [2]. - The Central Economic Work Conference has prioritized boosting consumption and expanding domestic demand as the foremost task for economic work in the coming year [2]. Group 2: Structural Changes in Consumption - The shift from an investment-export driven growth model to a consumption-driven model is complex, requiring a multi-dimensional approach to match supply and demand effectively [3]. - Policies aimed at enhancing consumption must focus on three key aspects: enabling consumption, encouraging consumption, and fostering a willingness to consume [3][4]. Group 3: Enabling Consumption - The ability to consume is measured by effective purchasing power, which reflects demand rather than mere needs. Current insufficient effective demand is linked to the balance between savings and consumption [3]. - The Central Economic Work Conference has emphasized the need for a plan to increase income for urban and rural residents, which is crucial for enabling consumption [3]. Group 4: Encouraging Consumption - The willingness to consume is influenced by consumer confidence, which is currently hindered by concerns over future responsibilities such as retirement and education [4]. - The government aims to enhance social security and welfare systems to provide residents with a sense of security, thereby encouraging consumption [4]. Group 5: Fostering Willingness to Consume - The quality of consumption is tied to trust between consumers and the market. Issues such as high costs of consumer rights protection and poor supply-demand matching increase market costs [4]. - Introducing legal reforms such as collective lawsuits and dispute resolution mechanisms is essential to create a fair consumption environment, encouraging residents to engage in domestic consumption [4]. Group 6: Financial Support for Consumption - The focus of financial support should be on transforming the vast capital stock accumulated since the reform and opening up into a wealth lever for consumer spending, while avoiding excessive leverage on household balance sheets [5]. Group 7: Governance and Economic Strategy - The emphasis on boosting consumption and expanding domestic demand reflects a new governance approach that aligns with public sentiment, marking a significant shift in economic strategy [6].