本报讯 （记者毛艺融）近日，"京东科技-京诚系列15号7期供应链保理合同债权绿色资产支持专项计 划"在上交所成功发行，计划管理人为华泰证券资管，优先级票面利率1.76%，受到市场投资人的踊跃 认购。 上交所债券业务相关负责人表示，下一步，上交所将继续在中国证监会统筹指导下，充分发挥交易所债 券市场服务国家战略和实体经济功能，扎实做好普惠金融"大文章"。着力提升制度包容性、适应性，构 建包括中小微企业融资支持ABS、中小微企业融资支持债券、科技创新债券等多元产品体系，精准赋能 中小微企业融资，着力破解其融资难、融资贵问题。 ABS为实体产业经济注入强劲动力 当前，市场上支持中小微企业的融资产品体系多元，但限于自有资金规模及周转效率，一定程度上制约 了对中小微企业的支持效能。而ABS凭借标准化运作、低成本资金对接及产业链赋能优势，恰好为破解 这一痛点提供了有效路径。 ABS作为融资工具，通过资产信用增级、风险分散机制，高效对接资本市场低成本资金，为产业链融资 提供精准赋能。此前在上交所发行的"京东科技-京诚系列15号2期供应链保理合同债权绿色资产支持专 项计划"，优先级票面利率低至1.68%，创下全市场同期同类型 ...

Core Viewpoint - The event "2025 China Inclusive Finance Action" highlighted the recognition of Heng Life for its innovative practices in IoT technology and inclusive services, showcasing its strength in digital transformation and financial inclusion [1][3]. Group 1: Recognition and Awards - Heng Life received multiple prestigious awards, including "2025 New Consumption Model Brand" and "2025 High-Quality Consumption Brand TOP 100," reflecting its strong capabilities and broad recognition in digital transformation and inclusive finance [3]. - The recognition at the 14th Financial Industry Annual Evaluation Ceremony emphasizes the importance of innovation in financial services and the need for exemplary industry benchmarks to guide high-quality development [5]. Group 2: Technological Integration and Economic Impact - The integration of cutting-edge technologies like 5G, IoT, AI, and blockchain is driving a comprehensive transformation in service models and ecosystem construction, enhancing the synergy between inclusive finance and new productive forces [4]. - Digital technology serves as a crucial link between inclusive finance and public needs, facilitating the delivery of financial services to key groups such as small and micro enterprises and rural communities, aligning with national policy directions [5]. Group 3: Business Development and Strategy - Heng Life has developed a three-dimensional business matrix encompassing smart retail, green travel, and fashion entertainment, transitioning from single-point services to an ecological layout [7]. - The company has leveraged AI and IoT technologies to create a seamless shopping experience through smart cabinets, addressing the financial service needs of small business owners and individual entrepreneurs [7]. - In the green travel sector, Heng Life is addressing the "charging difficulties" associated with electric vehicles by enhancing its charging network, particularly in lower-tier cities and rural areas, thus supporting the broader adoption of green travel [8]. Group 4: Future Directions and Commitment - Heng Life aims to continue its commitment to technology innovation and service expansion, focusing on enhancing service precision and coverage, particularly in county-level and underserved markets [6]. - The company plans to deepen the integration of digital life services with inclusive finance, contributing to the development of small and micro enterprises and rural revitalization [6].

Core Insights - The Inclusive Finance Prosperity Index reached 49.36 points in November 2025, a slight decrease of 0.03 points from October, but up 0.51 points year-on-year [1] Financing Dimension - The financing prosperity index rose to 54.83 points in November, an increase of 0.14 points from October [2] - The average interest rate for newly issued loans (in both domestic and foreign currencies) was approximately 3.1%, down about 30 basis points year-on-year [2] - The balance of inclusive micro and small loans and medium to long-term loans in the manufacturing sector grew by 11.4% and 7.7% year-on-year, respectively, both exceeding the growth rate of other loans [2] Operating Dimension - The operating prosperity index slightly decreased to 48.28 points in November, down 0.07 points from October, with the decline rate narrowing compared to the previous month [3] - The performance and investment indices showed slight month-on-month increases, driven by the "Double Eleven" shopping festival, which stimulated consumer demand [3] - The business vitality index decreased by 0.13 points, indicating that market confidence among enterprises still needs to be strengthened [3] Industry Prosperity - Among nine major industries, four showed an increase in operating prosperity while five experienced a decline [6] - The construction and real estate sectors saw slight increases in their operating indices due to accelerated project construction and policy support [6] - The agriculture, industry, transportation, accommodation, and social services sectors experienced declines in their operating indices [6] Regional Prosperity - Among seven regions, four experienced an increase in operating prosperity while three saw a decline [7] - The Northeast, North China, East China, and Northwest regions reported increases in their indices, while South China, Central China, and Southwest regions saw declines [7]

（来源：北京商报） 此次荣获"2025公益榜样"，正是对分期乐普惠长期深耕县域产业小微、践行普惠金融理念的认可。乐信 副总裁、分期乐普惠负责人杨涛表示，"我们一直关注县域小微群体的'急、难、愁、盼'。未来，我们 将进一步夯实'线上精准风控'与'线下直营团队'双重能力，努力让每一位勤恳奋斗的小微经营者都能便 捷获取高质量的金融服务，长期陪伴小微企业成长、助力实体经济高质量发展。" 作为长期深耕小微服务领域的分期乐普惠，多年来一直积极践行普惠金融理念、助力小微发展。去年 底，分期乐普惠进一步推出了"相信微小梦想"计划，专注县域特色产业带和产业带小微，计划将链接超 百亿元资金，深度助力县域小微企业发展。 "线上+线下"的双重能力体系为更好服务小微提供了重要支撑。线上，依托大数据与AI技术构建的智能 风控体系，平台能精准评估小微经营者的"软实力"，破解无抵押融资难题；线下，超过2000人的属地化 直营团队深入工厂商铺、田间地头，为小微企业提供一对一上门服务，将"最快一分钟放款"的便捷体验 送至经营者手中。 "相信微小梦想"计划推出一年来，累计帮助约60万小微用户，为包括湖北潜江小龙虾、安徽灵璧葡萄、 河北唐县肉羊、广 ...

Core Viewpoint - The "China Inclusive Finance Action" conference in Guangdong showcased 30 exemplary cases of innovative practices in inclusive finance, highlighting the achievements and demonstration value of the banking sector in this field [2][9]. Group 1: Digital Transformation in Inclusive Finance - Ten outstanding cases of digital transformation in inclusive finance were recognized, involving major banks such as Agricultural Bank of China and China Construction Bank, showcasing a shift from manual to intelligent review processes for more precise and efficient services [4][5]. - These institutions utilized big data and artificial intelligence to convert enterprise credit data into credit assets, significantly enhancing service efficiency [5]. Group 2: Supply Chain Finance - Five exemplary cases of inclusive supply chain finance were presented, focusing on the integration of financial resources to support small and micro enterprises through core enterprises [5][6]. - Innovations included fixed asset supply chain financing and guarantee financing services tailored to agricultural enterprises, effectively addressing financing challenges within the supply chain [6]. Group 3: Regional Characteristics in Inclusive Finance - Fifteen cases of regional characteristic inclusive finance were highlighted, with institutions developing specialized credit products to support local industries and small businesses [8][9]. - Notable innovations included a loan linked to industrial wastewater treatment metrics, which dynamically adjusted credit limits and interest rates based on environmental performance, exemplifying a model for financial empowerment in environmental management [9]. Group 4: Future Directions - The conference organizers plan to promote these benchmark cases to guide more financial resources into the inclusive finance sector, aiming to enhance the quality of inclusive finance in Guangdong [9].

21世纪经济报道 记者郭聪聪 "以前游客来巫山，多选择连锁酒店或高档酒店，高品质乡村民宿是空白。"特色民宿"云端巫舍"创办人熊长春向21世 纪经济报道记者说道。 作为土生土长的巫山人，熊长春深知家乡风光的独特魅力。早年在外务工的他，2020年怀揣回乡创业的梦想，流转38 亩土地，计划打造特色民宿"云端巫舍"，却在创业初期遭遇资金短缺的困境。 "装修改造、户外设施搭建、家具采购，前前后后投了近200万元，都是自己多年来的积蓄。"熊长春坦言，民宿建设属 于净投入阶段，无任何营业收入支撑，到后期支付土地流转费、人工工资，再加上旅行社开办必需的20万元质保金， 手头资金已捉襟见肘。更让他无奈的是，因缺乏房产等传统抵押物，多家银行均拒绝了他的贷款申请。 巫山兴农担保公司在一次民宿行业交流会上发现了熊长春的困境。 沿着重庆奉节的盘山公路前行，金黄的脐橙挂满枝头，满山香甜；巫山巫峡两岸，500米深谷与山地相映成趣，错落有 致的民宿隐于云雾山间，秀丽风光勾勒出独特的三峡景致。这两幅动人的风景背后，是返乡创业者的汗水与梦想—— 种下果树，建起民宿，为乡土注入活力。 乡村振兴，产业为先；产业兴旺，金融为活水。然而，传统信贷的门槛 ...

Core Insights - Financial technology is becoming a key driver for high-quality development of inclusive finance and rural revitalization in China [1] - Guizhou Rural Credit Cooperative Union (Guizhou Rural Credit) has partnered with Huawei to enhance its technological capabilities and service efficiency [1][2] - The collaboration resulted in a comprehensive upgrade of 64 systems within 22 hours, showcasing a path of independent innovation and efficient technology empowerment [1][2] Group 1: System Upgrade and Technological Innovation - Guizhou Rural Credit faced challenges such as weak technological capabilities and outdated core systems, which limited service efficiency [2] - The partnership with Huawei led to the development of a fully autonomous core system utilizing high-performance Kunpeng servers, cloud platforms, and distributed databases [2][3] - The new core system significantly improved online processing, batch processing, and core business response efficiency, enhancing business continuity [2][3] Group 2: Industry Impact and Replicability - The collaboration marks a milestone in the digital transformation of regional banks, making Guizhou Rural Credit capable of responding to financial needs with agility comparable to large banks [5] - The experience gained from this partnership, including the construction of a full-stack core system and the deployment of IPv6 networks, is being referenced by over 30 banks nationwide, forming a replicable "Guizhou model" [6][8] - The emphasis on independent innovation and collaboration with industry partners is seen as essential for the transformation of regional financial institutions [8]

日前，证监会主席吴清在《加快打造一流投资银行和投资机构 更好助推资本市场高质量发展》讲话中 提出"一流投行不是头部机构的'专属''专利'"，强调中小机构"也要把握优势、错位发展，在细分领域、 特色客群、重点区域等方面集中资源、深耕细作"。这番讲话为包括公募基金在内的财富管理机构指明 了未来的方向——在规模之外，特色化、专业化、精细化才是高质量发展的核心路径。 作为公募行业内已经做出自身个性与特色的代表公司之一，天弘基金在服务零售客群与科创领域的精准 布局，为我们提供了一个生动的公募机构差异化发展样本。 坚守普惠底色，多措并举构筑差异化体系能力 互联网时代，过去曾长时间游离于传统高端财富管理领域之外的海量零售客群，逐渐走进财富管理机构 的视野。对于最接近这些普通投资者的公募基金行业而言，这正是吴清主席讲话中强调的"特色客群"。 在渠道协同方面，天弘基金积极构建开放、多元的零售服务生态。比如，与蚂蚁集团、京东金融等头部 互联网平台持续合作，触达更广泛的线上用户群体。2025年4月，天弘在蚂蚁"指数+"专区上线行业轮动 模型，帮助投资者捕捉机构一致看好的上车机会；6月底在京东金融上线"策略目标投"，为投资者提供 买 ...

粮企业融资常陷"手续繁、审批慢、成本高"的困境，平安融易打破传统服务模式，让金融服务更省心。 淮安分公司咨询顾问主动深入田间地头与加工车间，精准筛选行业需求开展乡间展业服务，省去企业四 处奔波求助的烦恼。颜女士经营粮食加工公司急需资金周转，咨询顾问小孙在展业中获知其有融资需求 后，迅速对接，结合其房产、寿险保单及企业纳税资质，精准匹配无抵押融资产品"优票贷"，全程专业 指导，让客户无需反复沟通补充材料，全程快速融资安心无忧。 依托科技赋能，平安融易让融资服务更省时。通过智能风控系统快速核验客户资质，整合多维数据高效 评估信用状况，大幅压缩审批时间，实现融资需求快速响应。针对颜女士的资金需求，系统迅速完成资 质审核并给出50万元授信额度，从需求对接至额度审批全程高效衔接，无需漫长等待，及时填补资金缺 口，助力企业抢抓粮食收购关键期，避免错过经营良机。 遍地金黄的田野里孕育着丰收的喜悦，可集中上市的粮食也让众多涉粮企业面临资金周转的紧迫难题。 作为普惠金融的践行者，平安融易始终坚守责任担当，以"省心、省时、又省钱"的三省服务理念为核 心，深耕农业产业融资领域，用精准高效的金融服务为涉农企业保驾护航，筑牢粮食市场稳 ...

Core Viewpoint - The article emphasizes the importance of consumer finance in stimulating China's economy, highlighting the role of companies like Ma Shang Consumer Finance in providing tailored financial services to underserved populations, particularly new citizens and rural residents [1][19]. Group 1: Economic Context - The Central Economic Work Conference has set the tone for China's economic strategy, focusing on "stability while seeking progress" and prioritizing domestic demand as a cornerstone for economic growth [1][16]. - The Ministry of Commerce, the People's Bank of China, and the financial regulatory authority have jointly called for enhanced collaboration between commerce and finance to significantly boost consumption [1][16]. Group 2: Company Performance - Ma Shang Consumer Finance has reported over 120 billion yuan in cumulative taxes and has served more than 220 million users, facilitating 958 million transactions with sales exceeding 1 trillion yuan [1][19]. - The company has successfully reached nearly 100 million new citizens, helping approximately 12 million individuals establish their credit records for the first time [19]. Group 3: Financial Services and Innovations - Ma Shang Consumer Finance focuses on providing customized credit services that are short-term, small-scale, frequent, and urgent, targeting populations that traditional finance often overlooks [19]. - The company has deepened partnerships with over 200 mainstream internet consumption platforms and more than 200,000 merchants, launching over 200 promotional events to stimulate consumption in key areas like green consumption and appliance upgrades [19][4]. Group 4: Technological Advancements - The company has invested over 6 billion yuan in research and development, applying for more than 2,900 patents and establishing over 1,000 core technology systems [21]. - Ma Shang has developed an AI-driven retail finance model, "Tianjing," which has improved operational efficiency, achieving a 93% accuracy rate in intent understanding and over 90% in automated approvals and self-service completion rates [22]. Group 5: Social Impact Initiatives - The company has launched a job-matching platform that has successfully connected 910,000 new citizens with employment opportunities, thereby supporting stable employment and boosting consumer confidence [25]. - The "Fuhuiyang" smart farming project has been implemented in 23 districts in Chongqing, creating over 6,000 jobs and increasing farmers' income by nearly 70 million yuan [26][11]. Group 6: Security Measures - In response to rising risks in digital finance, Ma Shang has developed the "Yulei" system to combat fraud, successfully aiding law enforcement in apprehending 65 suspects involved in a cross-border scam [28][29]. - The company has established a financial safety alliance with over 172 members to enhance collaborative efforts in combating illegal financial activities, successfully preventing potential losses exceeding 2.4 billion yuan [29].