落实好"准入又准营"，关键在于转变观念，从政府供给导向转向企业需求导向；协同发力，提升治理透明度与精准性。 近日，受益于合格境外投资者资格审批与开户"一件事"启动，证监会批复华福国际资产管理有限公司、方法量化亚太私人有限 公司的合格境外投资者资格，从11月4日接收材料、当日受理到7日办结，刷新了外资入市审批的速度纪录。后续这样的审批效 率有望成为外资入市的新常态。 点滴变化中，越来越多外资企业正实现从"准入"到"准营"的无缝衔接。 制造业外资准入限制清零，扩大服务业领域开放试点；加快推进全国统一大市场建设，推动解决所有制歧视、地方保护等问 题；提升知识产权保护水平，连续修订商标法、专利法、反不正当竞争法…… 面对国际经济环境的"逆风"和"回头浪"，中国坚定推动贸易和投资自由化便利化，打造市场化法治化国际化一流营商环境，让外 资企业愿意来、留得住、发展好。 新华社北京11月22日电（记者谢希瑶）"十五五"规划建议提出，落实好"准入又准营"，明确"缩减外资准入负面清单，促进外资 境内再投资""全面落实国民待遇，推进数据高效便利安全跨境流动"等系列举措，加力塑造吸引外资新优势。 进一步吸引外资，为何要强调"准入又准 ...

超大规模市场优势是我国主动谋划、积厚成势的战略资产，在社会主义市场经济体制逐步完善的过程中 巩固并增强。完善要素市场制度和规则、构建城乡统一的建设用地市场、完善促进资本市场规范发展基 础制度、培育全国一体化技术和数据市场、完善主要由市场供求关系决定要素价格机制……新时代以 来，一系列重大改革举措围绕助力"大市场"向"强市场"转变而展开，为统一大市场建设注入新的时代内 涵。 建设全国统一大市场，始终是破与立的辩证统一：既要针对短板不足集中攻坚，拆除"篱笆"；又要久久 为功，进一步健全相关体制机制和配套制度，培育企业成长的"沃土"。深刻把握"十五五"时期的历史方 位，自觉扛起时代赋予的使命任务，如何打通从市场效率提升到劳动生产率提高、居民收入增加、经营 主体壮大、供给质量提升、需求优化升级的通道，如何建立统一规则、提升资源要素流动配置的效率， 如何以有为政府保障有效市场，等等，都是需要继续回答好的重要课题。 对此，党的二十届四中全会通过的"十五五"规划建议已作出科学安排。在深入理解、准确把握的基础上 抓好贯彻落实，以钉钉子精神推动各项决策部署落地见效，加快建设高效规范、公平竞争、充分开放的 全国统一大市场，高质量 ...

当今世界，最稀缺的资源是市场。拥有超大规模且极具成长性、极具发展潜力的市场，是中国经济在风 雨洗礼中成长、在历经考验中壮大的底气所在。党的二十届四中全会指出，我国超大规模市场优势更加 彰显，这一战略判断对于如何科学把握大势、如何大有作为具有重大指导意义，也为消除疑虑、保持定 力、坚定自信筑牢了坚实基石。 中国巨大人口基数所孕育的超大规模市场，是一种巨大的比较优势。这意味着市场需求庞大、层次多 样、模式丰富，消费梯度差异会带来不断拓展的市场纵深，有效对冲外需波动风险；意味着更容易形成 和维持完备的产业配套和完整的产业体系，提升产业生态的丰富性和多样性，从而增强产业链供应链的 安全性和稳定性；意味着更多创新场景、更低创新成本、更高创新收益，新产品、新技术通过大规模应 用和持续迭代，有机会加快转化为新质生产力，为科技自立自强提供广阔空间；意味着更有利于吸引全 球优质资源要素集聚，通过高水平开放合作拓展空间，不断提升我国在全球经济治理中的话语权和影响 力。 建设全国统一大市场，始终是破与立的辩证统一：既要针对短板不足集中攻坚，拆除"篱笆"；又要久久 为功，进一步健全相关体制机制和配套制度，培育企业成长的"沃土"。深刻 ...

Core Insights - The article emphasizes the significance of China's super-large market as a crucial resource for economic growth and resilience, highlighting its potential to mitigate external risks and enhance innovation [1][2][3] - The Chinese economy is portrayed as a vast ocean, symbolizing its depth, inclusiveness, and resilience against external shocks, reinforcing the notion of a strong domestic market as a stabilizer and accelerator for economic development [2] - The construction of a unified national market is framed as a dialectical process that requires addressing shortcomings while fostering an environment conducive to enterprise growth, with a focus on improving market efficiency and resource allocation [3] Summary by Sections Market Size and Growth Potential - China's large population creates a significant comparative advantage, leading to diverse market demands and a robust industrial ecosystem that enhances supply chain security [1] - The continuous growth and upgrading of the Chinese market are evidenced by increasing participation in events like the China International Import Expo, despite global trade uncertainties [2] Strategic Importance of the Domestic Market - The super-large market is identified as a strategic asset that has been actively cultivated, with reforms aimed at transitioning from a "big market" to a "strong market" [2] - The domestic market serves as a stabilizer against external challenges and a catalyst for internal economic dynamism, supporting the goals of Chinese-style modernization [2] Unified National Market Development - The establishment of a unified national market is seen as essential for enhancing market efficiency, increasing productivity, and improving the quality of supply and demand [3] - The "14th Five-Year Plan" outlines a framework for achieving a high-quality, competitive, and open national market, which is expected to unlock new opportunities for economic advancement [3]

吴政隆强调，好的营商环境既是软实力，更是竞争力。要坚持有效市场和有为政府相结合，着力打造市 场化法治化国际化一流营商环境，建设法治经济、信用经济，激发各类经营主体活力。要持续优化政务 服务、提升行政效能，常态化推进"高效办成一件事"，加力推动"一表通"建设，深入整治形式主义，更 好地为基层减负、为企业赋能。 新华社南京11月21日电 国务委员兼国务院秘书长吴政隆18日至21日在安徽、江苏调研经济运行、政务 服务等工作。他强调，要深入学习贯彻习近平总书记重要指示和党的二十届四中全会精神，切实把思想 和行动统一到党中央、国务院决策部署上来，紧紧围绕高质量发展主题，统筹发展和安全、兼顾当前和 长远，细化落实各项政策举措，加强跨年度工作衔接，着力稳就业、稳企业、稳市场、稳预期，坚定信 心、克难奋进，全力以赴完成全年经济社会发展目标任务。 吴政隆先后到合肥市、蚌埠市和无锡市、南京市，实地调研新能源汽车、人工智能、量子科技、新材 料、商业航天等企业和政务服务中心，并与有关地方政府、企业座谈交流。他指出，当前我国经济运行 总体平稳、稳中有进，要保持定力、坚定信心，坚持扩大内需这个战略基点，因地制宜发展新质生产 力，加快建设 ...

Group 1: Trade and Economic Development - He Lifeng emphasized the need to continuously promote the quality and efficiency of foreign trade, improve high-standard logistics systems, and support high-quality development in manufacturing [1] - The Ministry of Commerce aims to guide localities in transitioning second-hand car exports from "scale growth" to "value growth," enhancing product diversity for global consumers [1] - The Ministry of Housing and Urban-Rural Development highlighted the importance of urban renewal to support high-quality living and new industries [1] Group 2: Market and Financial Updates - The initial public offering (IPO) price for Moer Technology is set at 114.28 yuan per share, with a total market value of approximately 53.715 billion yuan [1] - The Asian Infrastructure Investment Bank (AIIB) has approved Colombia's membership, increasing its total membership to 111, covering 81% of the world's population and 65% of global GDP [1] - The Guangzhou Futures Exchange announced adjustments to trading fees and limits for lithium carbonate futures starting November 24, 2025 [1] Group 3: Corporate Announcements - Yiwei Lithium Energy signed a procurement framework agreement with Simor International [6] - Chuangyin High-Tech received a tender offer from Zhongzhong Group to acquire 20% of its shares at 11.85 yuan per share [6] - Lek Electric plans to transfer 90% of its precision machinery shares for 235 million yuan [6]

日前，第八届进博会在上海闭幕。从参展企业数量再创新高，到461项新产品、新技术、新服务首 发亮相，从浙江省交易团首日签下145亿元大单，到阿斯利康宣布追加对华投资约1.36亿美元，进博会 成为"沉浸式感受中国超大规模市场优势的'体验区'"。 市场是当今世界最稀缺的资源，强大国内市场是中国式现代化的战略依托。 党的二十届四中全会明确提出"十五五"时期我国发展所具有的中国特色社会主义制度优势、超大规 模市场优势、完整产业体系优势、丰富人才资源优势更加彰显，并着眼于发挥这"四大优势"作出战略部 署。这"四大优势"相辅相成、有机统一，超大规模市场优势成为重要战略支点。 习近平总书记强调："市场资源是我国的巨大优势，必须充分利用和发挥这个优势，不断巩固和增 强这个优势，形成构建新发展格局的雄厚支撑。"这一重要阐述，揭示了我国在大国战略博弈中始终立 于不败之地的坚实支撑。 "十五五"规划建议将"全国统一大市场建设纵深推进，超大规模市场优势持续显现"纳入主要目标， 并就建设强大国内市场部署了战略任务。 新征程上，要发扬历史主动精神，续写经济快速发展和社会长期稳定两大奇迹新篇章、奋力开创中 国式现代化建设新局面，一个重要方面 ...

Core Viewpoint - The article discusses the shift from localized government guidance funds to cross-regional collaborations among local state-owned assets, highlighting the need for resource sharing and cooperation to enhance fund efficiency and project implementation [2][5]. Group 1: Background and Current Trends - Traditionally, local government guidance funds have a strong localization bias, requiring funds to be registered and projects to be implemented locally, leading to issues like repeated investments and intensified competition among similar industries [1][6]. - Recently, there has been a surge in cases of local government guidance funds collaborating across provinces, indicating a move towards cooperative models that can better serve regional needs and contribute to a unified national market [2][3]. Group 2: Case Studies - A notable example is the establishment of the Hubei Jiangcheng Huafa Industrial Investment Fund, with a total scale of 10 billion yuan, focusing on hard technology sectors such as integrated circuits and optical communications [3]. - Additionally, the collaboration between Anhui and Henan provinces aims to enhance cooperation in industrial development and attract investments through market-oriented fund establishment [3]. - Guangdong's collaboration with multiple provinces has resulted in the signing of seven provincial collaborative development mother funds, exceeding 17 billion yuan in total scale [3]. Group 3: Driving Forces Behind the New Model - Three core driving forces for this new model include: 1. Policy changes that restrict local governments from independently establishing investment funds, prompting a need for collaboration [6][8]. 2. The necessity to avoid homogeneous competition among geographically adjacent regions, especially after the implementation of the Fair Competition Review Regulations [6][7]. 3. The opportunity to access a broader pool of quality general partners (GPs) by collaborating across regions, enhancing the attractiveness of local markets [8]. Group 4: Challenges and Coordination Mechanisms - Despite the potential benefits, cross-regional collaborations face significant challenges, particularly in coordinating interests and ensuring effective profit-sharing mechanisms [10][11]. - The lack of unified standards and policies across regions increases the complexity of collaboration, necessitating the establishment of stable cooperation mechanisms and efficient coordination among local governments [11]. - Suggestions for overcoming these challenges include forming integrated mother fund alliances and establishing standardized return investment criteria based on industry contributions [11].

Group 1: Government Initiatives and Economic Development - The Chinese government emphasizes the need to enhance foreign trade quality and efficiency, support high-quality manufacturing development, and accelerate the construction of a unified national market [2][3] - The government aims to maintain stable growth in foreign trade despite external pressures, supporting new business models like cross-border e-commerce and promoting market diversification [2] - There is a focus on optimizing the supply of goods and services to meet diverse consumer demands and exploring multi-modal transportation to reduce logistics costs [2] Group 2: Technological Advancements and Industry Trends - The importance of adapting to new technological revolutions and industrial transformations is highlighted, with a call for increased financial support and policy measures for manufacturing [3] - The development of artificial intelligence applications is noted, with advancements in digital human technology and code generation being applied in various sectors [4] - The battery industry is projected to shift towards sodium batteries, with expectations of significant demand growth for both lithium iron phosphate and sodium batteries by 2035 [4] Group 3: Corporate Developments - WeRide's Robotaxi has received a fully autonomous license in Switzerland, marking a significant milestone in autonomous vehicle operations [5] - New electric vehicle models from companies like Huawei and XPeng have been launched, showcasing advancements in technology and extended range capabilities [5] - Baidu's Q3 earnings call was notably hosted by an AI digital human, reflecting the company's strategic focus on internalizing AI capabilities [6] Group 4: Market and Economic Indicators - China's new energy vehicle production reached 12.672 million units from January to October, representing a year-on-year growth of 28.1% [22] - The Ministry of Finance and the Ministry of Commerce announced a competitive review of 50 cities for new consumption models, aiming to enhance service consumption and support economic growth [11] - The latest Loan Prime Rate (LPR) remains unchanged, with the 5-year LPR at 3.5% and the 1-year LPR at 3% [21]

Core Insights - The article discusses the shift from localized government guidance funds to cross-regional collaborations in establishing investment funds, highlighting the inefficiencies and challenges of the traditional localized approach [1][3][6] Group 1: New Collaborative Models - Recent examples of cross-regional fund establishment include the collaboration between Hubei and Zhuhai, which launched a 10 billion yuan fund focused on high-tech sectors [1] - The joint initiative between Anhui and Henan aims to enhance cooperation in the national unified market and encourages market-driven fund establishment [2] - The Guangdong province has signed agreements for seven provincial collaborative development mother funds, totaling over 17 billion yuan [2] Group 2: Driving Forces Behind Collaboration - Three core driving forces for this new model include policy changes, similar industrial structures among neighboring regions, and the need for better resource allocation [3][4] - The "No. 1 Document" from the State Council restricts local governments from establishing investment funds, prompting a shift towards collaborative fund setups [3] - The need to avoid homogeneous competition and enhance regional competitiveness is driving local governments to seek partnerships [4] Group 3: Challenges and Coordination - The coordination of interests and mechanisms is crucial for successful cross-regional fund establishment, as it involves complex negotiations and benefit-sharing [6][7] - Differences in policies and standards across regions increase the costs of collaboration, complicating the establishment of unified investment criteria [7] - Suggestions for overcoming these challenges include forming integrated mother fund alliances and establishing standardized return investment criteria [7]