中新社北京1月5日电 (记者刘文文)中国国家发改委副主任王昌林5日在国务院新闻办公室举行的发布会 上表示，长江经济带已成为中国科技资源最富集、创新创业活力最强的区域之一。 产业升级塑造新优势。他说，长江经济带产业基础好、韧性强，累计培育国家级先进制造业集群41家、 战略性新兴产业集群30家，分别占全国的51%和45%。以汽车产业为例，2025年上海、江苏、浙江、安 徽、重庆新能源汽车产量均超过百万辆，一条贯通全流域、覆盖全链条的新能源汽车产业链正在加速形 成。 绿色转型实现新突破。国家发改委在长江经济带布局建设了24个国家碳达峰试点城市和园区、14个零碳 园区；推动浙江丽水、江西抚州等14个试点地区加快探索生态产品价值实现机制。长江经济带以占全国 约三分之一的能源消耗和碳排放，贡献了近一半的GDP，生态优先绿色发展主战场的引领带动作用日益 凸显。 他还说，下一步，将会同有关方面，加快推动沿江传统产业绿色转型，因地制宜培育壮大绿色低碳产 业，更好实现在发展中保护、在保护中发展。(完) 王昌林说，长江经济带是中国产业集聚的重要区域。近年来，国家发改委积极推动沿江产业绿色低碳转 型，取得了积极成效，可以用"三个新" ...

Core Viewpoint - The article emphasizes the importance of "new quality productivity" as a driving force for China's economic transformation, focusing on digitalization and green transition in traditional industries, while strategic emerging industries become growth engines for the future [1][5][8]. Group 1: New Quality Productivity - New quality productivity integrates technological innovation, industrial upgrading, and green transformation, serving as a core strategy for regions to break free from traditional paths and create competitive advantages [1][5]. - The "14th Five-Year Plan" and the "15th Five-Year Plan" highlight the need for localities to develop new quality productivity tailored to their unique resources and industrial foundations [1][5]. Group 2: Technological Innovation - Regions recognize the critical role of technological innovation in fostering new quality productivity, with plans to enhance innovation capabilities across various provinces [5][6]. - Beijing aims to strengthen independent innovation capabilities, targeting cutting-edge fields like artificial intelligence and quantum technology, while other provinces focus on specific technological advancements [5][6]. Group 3: Strategic Emerging Industries - The development of strategic emerging industries and future industries is a primary vehicle for building new quality productivity, with a focus on sectors like artificial intelligence, biomedicine, and new energy [6][7]. - Provinces like Guangdong and Anhui are actively creating large-scale industry clusters in these strategic sectors, moving away from a "big and complete" industrial approach to a more competitive and focused strategy [6][7]. Group 4: Traditional Industry Transformation - The transformation of traditional industries through intelligent and digital upgrades is seen as essential for revitalizing existing sectors and enhancing competitiveness [7][10]. - Provinces are implementing initiatives to leverage digital technologies for traditional industries, with a strong emphasis on green and low-carbon development [7][10]. Group 5: Regional Differentiation - The principle of "developing according to local conditions" is crucial for the differentiated development of new quality productivity, avoiding homogenization and encouraging unique regional paths [9][10]. - Eastern coastal provinces focus on high-end manufacturing and innovative industries, while central and western provinces leverage their resource advantages for industrial upgrades [9][10]. Group 6: Innovation Ecosystem - The article discusses the importance of creating a robust innovation ecosystem that connects technology, industry, and finance, with various provinces establishing high-level innovation platforms [14][15]. - Collaborative efforts between enterprises, educational institutions, and research organizations are emphasized to enhance the integration of education, technology, and talent [15][19]. Group 7: Future Industries - There is a strong focus on future industries such as low-altitude economy, quantum technology, and next-generation communication, which are seen as key areas for long-term growth and innovation [16][17]. - These future-oriented initiatives are expected to lay the groundwork for new growth points and ensure sustainable development over the next five years and beyond [16][17].

Core Viewpoint - The article emphasizes the importance of "new quality productivity" as a core driver for economic transformation and high-quality development in China, underpinned by regional differentiation based on local resources and industrial foundations [1][2]. Group 1: New Quality Productivity - New quality productivity integrates technological innovation, industrial upgrading, and green transformation, becoming a key strategy for regions to break away from traditional growth paths and establish competitive advantages [1][5]. - The "14th Five-Year Plan" and subsequent directives highlight the need for localities to develop new quality productivity tailored to their unique resources and industrial bases, fostering a unified yet differentiated approach across provinces [1][2]. Group 2: Technological Innovation - There is a consensus among provinces on the critical role of technological innovation in cultivating new quality productivity, with many regions prioritizing the enhancement of innovation capabilities [2][5]. - Specific initiatives include Beijing's focus on AI and quantum technology, Shanghai's development of a global innovation hub, and Hubei's commitment to becoming a national technology innovation center [2][3]. Group 3: Strategic Emerging Industries - The article notes a strategic focus on clusters of emerging industries such as AI, biomedicine, integrated circuits, and renewable energy, with provinces like Guangdong aiming to create trillion-yuan industry clusters [3][4]. - Regions are shifting from broad industrial bases to developing competitive advanced manufacturing clusters that leverage local strengths [3][4]. Group 4: Traditional Industry Transformation - The transformation of traditional industries through intelligent and digital upgrades is highlighted as a key measure to stimulate new quality productivity [4][5]. - Provinces like Liaoning and Jilin are implementing initiatives to enhance traditional sectors through digital technologies, aiming to improve core competitiveness [4][5]. Group 5: Regional Differentiation - The principle of "developing according to local conditions" is crucial for fostering differentiated strategies that avoid homogenization and encourage unique development paths [6][9]. - Eastern coastal provinces are focusing on high-end manufacturing, while central and western regions are leveraging their resource advantages to develop specialized industries [6][7][8]. Group 6: Innovation Ecosystem - The article discusses the importance of creating a robust innovation ecosystem that connects technology, industry, and finance, with many provinces establishing high-level innovation platforms [10][11]. - Collaborative efforts between enterprises, universities, and research institutions are emphasized to enhance the integration of education, technology, and talent [11][12]. Group 7: Future Industries - There is significant enthusiasm for laying the groundwork for future industries, with terms like low-altitude economy and quantum technology frequently appearing in regional plans [12][13]. - These initiatives are seen as strategic foresight to ensure sustainable growth and competitiveness in the long term [12][13]. Group 8: Legal and Policy Framework - The article highlights the need for a supportive legal and policy environment to facilitate the transformation of new quality productivity into a core driver of high-quality development [14]. - Recommendations include enhancing legal protections for innovation, improving market mechanisms, and creating a conducive ecosystem for technological advancement [14].

多家欧洲金融机构日前发布研究报告认为，在宏观政策支持、完备产业体系以及不断激活经济发展新动 能的共同作用下，中国经济有望在2026年保持稳定增长，在全球主要经济体中展现出较强韧性。 近期，英国渣打银行在其2026年全球经济展望报告中上调了对中国经济增长的预期。报告认为，贸易环 境阶段性缓和与出口市场多元化将继续对中国出口增长形成支撑。2026年中国经济增长主要动力将更多 来自科技驱动的投资、生产率的提升以及力度更大的扩大内需政策。财政和货币政策都将继续支持经济 增长，为中国经济转型提供支撑。 法国兴业银行认为，2026年，宏观政策和结构性改革将成为支撑中国经济增长的重要因素。同时，中国 在绿色技术和先进制造等创新领域的持续投入也将为未来增长注入动力。 谈及全球资本格局与中国的吸引力，法国巴黎资产管理公司高级市场策略师罗念慈对记者表示，全球资 本流动重心正向新兴市场特别是亚洲地区转移。在此过程中，外资对中国的关注点正从传统的制造与出 口能力，转向其高科技、数字化进程以及庞大的内需市场。中国持续推进的产业升级与构建以国内大循 环为主体、国内国际双循环相互促进的新发展格局，正为市场注入长期信心。 (责任编辑：朱赫) ...

新华社贝尔格莱德1月5日电 综述：欧洲金融机构和业内人士看好中国经济增长前景 新华社记者金丹依 多家欧洲金融机构日前发布研究报告认为，在宏观政策支持、完备产业体系以及不断激活经济发展新动 能的共同作用下，中国经济有望在2026年保持稳定增长，在全球主要经济体中展现出较强韧性。 近期，英国渣打银行在其2026年全球经济展望报告中上调了对中国经济增长的预期。报告认为，贸易环 境阶段性缓和与出口市场多元化将继续对中国出口增长形成支撑。2026年中国经济增长主要动力将更多 来自科技驱动的投资、生产率的提升以及力度更大的扩大内需政策。财政和货币政策都将继续支持经济 增长，为中国经济转型提供支撑。 法国兴业银行认为，2026年，宏观政策和结构性改革将成为支撑中国经济增长的重要因素。同时，中国 在绿色技术和先进制造等创新领域的持续投入也将为未来增长注入动力。 荷兰国际集团分析认为，中国经济在2026年有望实现稳定增长。该机构指出，随着中国近年来在人工智 能、机器人等领域取得突破，科技与创新正在成为中国经济增长的关键动能。 一些欧洲金融机构分析师同样看好2026年中国经济增长前景。德意志银行中国区首席经济学家熊奕接受 新华社 ...

Core Viewpoint - Huashu Holdings plans to raise up to 600 million yuan through a private placement to enhance liquidity and repay interest-bearing debts, with Hubei Hongtai Group as the sole subscriber, reflecting long-term confidence in the company's development [1][2] Group 1: Fundraising Details - The private placement will issue 208 million shares at a price of 2.88 yuan per share, accounting for no more than 30% of the company's total share capital [1] - Hubei Hongtai Group will fully subscribe to the shares in cash and commit to not transferring the shares for 36 months post-issuance [1] Group 2: Strategic Implications - The transaction constitutes a related party transaction, as Hubei Hongtai Group holds 57.52% of the controlling shareholder, Hubei Asset Management [1] - Post-transaction, Hubei Hongtai Group will directly hold 16.26% of Huashu Holdings, increasing the voting rights controlled by Hubei Provincial Finance Department from 29.08% to 40.61% [1] Group 3: Industry Insights - Huashu Holdings is focusing on electronic equipment manufacturing and carbon emission management, leveraging its subsidiaries to expand into electronic information display terminals and carbon emission governance [2] - Experts suggest that the involvement of Hubei Hongtai Group represents a deep resource integration within the state-owned system, optimizing Huashu Holdings' capital structure while avoiding equity dilution [2] - The cash infusion is expected to significantly enhance Huashu Holdings' net assets and reduce its debt ratio, while the three-year lock-up period emphasizes a long-term investment perspective [2]

Core Viewpoint - The new regulations on merger and acquisition (M&A) loans by commercial banks aim to optimize loan services, enhance risk management, and better meet the financing needs of enterprises, thereby promoting high-quality development in the M&A market [1][2]. Group 1: Regulatory Changes - The Financial Regulatory Bureau has revised the "Guidelines for Risk Management of M&A Loans" to form the "Management Measures for M&A Loans," which will be published by December 31, 2025 [1]. - The new measures consist of 34 articles that categorize M&A loans into controlling and equity participation types, with differentiated rules for each [2][3]. Group 2: Financing Conditions - The revised regulations broaden the applicable scope of M&A loans, allowing loans for equity participation M&A transactions, provided that the equity stake acquired is at least 20% and does not exceed 60% of the transaction price [4]. - The upper limit for controlling M&A loans has been increased from 60% to 70% of the transaction price, and the maximum loan term has been extended from seven years to ten years [4][5]. Group 3: Risk Management - The new regulations emphasize a balanced approach of "one loose and one tight," enhancing flexibility in supporting the real economy while being more prudent in risk prevention [6]. - Differentiated asset scale requirements have been established for banks engaging in controlling and equity participation M&A loans, ensuring that banks have the capacity to manage these loans effectively [6][7].

Core Viewpoint - The article highlights the significant growth and transformation of Nantong's economy, driven by strategic partnerships, industrial upgrades, and a focus on international trade, particularly in the context of the "Belt and Road" initiative and high-level openness in the Yangtze River Delta region [5][10][36]. Group 1: Economic Growth and Trade - Nantong's foreign trade import and export scale has increased significantly, surpassing 400 billion yuan for the first time, with a year-on-year growth of 15.9% in the first eleven months of 2025 [10][11]. - The city's export of shipbuilding and marine engineering equipment accounts for one-tenth and one-fourth of the national total, respectively, with a 104% year-on-year increase in marine engineering exports [10][11]. - The proportion of high-tech product exports has risen from 14.1% to 22.9%, while traditional labor-intensive products have decreased from 27.3% to 24.1% [11]. Group 2: Strategic Partnerships and Investments - Nantong signed a strategic cooperation framework agreement with JD Group to optimize logistics and enhance trade, which has led to successful overseas promotional events attracting over 50 Middle Eastern buyers [2][5]. - The establishment of Scania's production base in Rugao, with an investment of 20 billion euros, marks a significant foreign investment project aimed at meeting local market demands [13][14]. - The total investment of 500 billion yuan in the China National Petroleum Corporation's Blue Ocean New Materials project is indicative of the rapid industrial development in the region [6][34]. Group 3: Industrial Transformation and Upgrades - Nantong is transitioning from a logistics-focused port to an industry-driven port, enhancing its resilience against external shocks and establishing itself as a crucial part of the global supply chain [9][10]. - The region is witnessing a shift towards high-end manufacturing, with companies like YKK AP focusing on high-quality aluminum alloy products, leveraging local industrial advantages [16][14]. - The development of cross-border e-commerce and the establishment of specialized industrial parks are facilitating the growth of local enterprises and enhancing their competitiveness in international markets [19][28]. Group 4: Future Outlook and Challenges - The article emphasizes the need for companies to adapt to changing global economic conditions, highlighting the importance of innovation and market responsiveness in maintaining competitiveness [23][31]. - Nantong's government is actively supporting businesses through efficient service and infrastructure development, aiming to attract more foreign investment and enhance the local economy [35][36]. - The ongoing transformation of traditional industries and the embrace of new technologies are crucial for sustaining growth and navigating the complexities of international trade [20][24].

日前，从河南能源集团化工新材料公司(以下简称化工新材料公司)所属的永城园区传来捷报：5万吨/年 合成气生物发酵制无水乙醇项目全流程顺利打通，成功产出优质无水乙醇与生物蛋白。"这一突破性成 果，不仅为化工产业低碳化、绿色化转型发展开辟了新路径，更标志着化工新材料公司在科技创新赋能 产业升级的征程上迈出了里程碑式的一步。"河南能源集团副总经理、化工新材料公司董事长孙广建表 示。 面对全球产业竞争加剧与转型压力，化工新材料公司努力"当好煤基化工和硅碳新材料产业发展领军 者"，以科技创新为核心驱动力，从关键技术突破、深化技改赋能、成果转化落地等多维度发力，促进 了传统优势产业转型升级。 攻坚核心技术 铸就产业"硬支撑" "关键领域的技术创新与应用，是提升产业链韧性的有力抓手。"孙广建说，化工新材料公司聚焦产业链 关键环节技术瓶颈，以河南能源集团"一院四中心"科创体系为支撑，通过"揭榜挂帅"深化产学研合作， 实现多项核心技术突破。 其自主研发的乙二醇高效催化剂已应用于国内9套合成气制乙二醇工业装置，成为国内外唯一能适配5种 乙二醇生产工艺的供应商，产品销量稳居世界前列，不仅为企业内部降低采购成本，更通过外部销售斩 获丰 ...

别以为我在讲大道理，我有数据撑腰——2025年A股成交活跃度创下新高，全年成交额破了400万亿，日均万亿上下，这不是情绪堆出来的烟花，而是"真金 白银在场"，有活水，就可能走出持续性的结构行情，但前提是，钱不会平均撒，它会集中在少数被认为"确定"的方向上 说到1月5日开盘，我给你四个场景，照着看就行，场景A是强势开局，冲高回踩有承接，成片、梯队齐全，这最好；场景B是冲高回落，开盘热闹但到处点 火，轮动盘居多，追后排最难受；场景C是低开走强，早盘不热闹、午后走强、尾盘敢留仓，这种更像真金白银在选队伍；场景D是弱势震荡，指数与结构 都不强，热点没有集中度，这种就别急着动手，等第一条主线站出来再说 再谈主线候选，不要问我给你十个板块，我给你三种角色第一是科技风险偏好线，它像开年第一波的情绪旗帜，代表风险偏好，容易形成集群效应，但能不 能走得长，看两个指标，分歧后核心稳不稳，链条扩散有无梯队；第二是先进制造与智能化，它靠的是产业趋势和订单兑现，不靠一天两天的消息，容量 大、叙事长，能做慢而稳的波段；第三是高现金流高分红的底仓，很多散户要的不是一夜暴富，而是账户别被吓死，抗跌又能在回暖时跟涨，这类底仓是组 合里的压舱石 ...