Group 1 - The "14th Five-Year Plan" period has seen significant achievements in the work of the United Front, contributing to the construction of Chinese-style modernization [2] - The Central United Front Work Department has implemented a long-term and normalized special supervision mechanism focusing on ecological environment protection [3] Group 2 - The People's Congress system has matured during the "14th Five-Year Plan" period, with new achievements in legislative work [4] - A total of 35 laws were enacted and 62 laws were amended since March 2021, addressing urgent needs in national governance and public welfare [5] - 127 legislative drafts were solicited for public opinion, receiving over 1.19 million suggestions from more than 400,000 individuals, many of which were incorporated into the legislative process [6] Group 3 - The National Committee of the Chinese People's Political Consultative Conference (CPPCC) has transformed numerous proposals into policy measures during the "14th Five-Year Plan" period [7] - Continuous democratic supervision has been conducted over 10 key tasks for five years, focusing on improving the business environment and other critical areas [8] Group 4 - The National Ethnic Affairs Commission has achieved historic accomplishments in promoting national unity and progress [9] - The combined GDP of five autonomous regions increased from 60,129 billion to 83,766 billion from 2020 to 2024 [10] - The concept of a shared Chinese national identity has been incorporated into 11 laws, providing legal support for governance of ethnic affairs [11]

Group 1 - The State Council held a press conference discussing the achievements of the "14th Five-Year Plan" period, highlighting the maturation and standardization of the People's Congress system [1] - From March 2021, the National People's Congress and its Standing Committee enacted 35 laws, amended laws 62 times, and passed 34 decisions and resolutions, enhancing the legal framework necessary for national governance and security [1] Group 2 - During the "14th Five-Year Plan" period, the National Committee of the Chinese People's Political Consultative Conference (CPPCC) conducted 279 various consultation activities and 413 inspection and research activities [2] - A total of 25,043 proposals were filed, with many suggestions being transformed into policy measures [2]

Group 1 - The core viewpoint emphasizes the importance of unifying thoughts and actions to align with the central government's scientific judgment and decision-making, ensuring the effective implementation of the current and future key tasks in Shaanxi [1][2] - The article highlights the need for a strong commitment to high-quality completion of the "14th Five-Year Plan" goals and laying a solid foundation for a good start to the "15th Five-Year Plan" [1][3] - It discusses the necessity of maintaining economic stability and growth, with Shaanxi's GDP showing a year-on-year increase of 5.5% in the first half of the year, indicating a positive economic trend [2][3] Group 2 - The article outlines the critical phase of the "14th Five-Year Plan" as it approaches its conclusion, emphasizing the need to consolidate and expand the economic recovery momentum [3][4] - It stresses the importance of ensuring social stability and enhancing public welfare through effective policies in employment, education, healthcare, housing, and elderly care [3][4] - The need for a high-level formulation of the "15th Five-Year Plan" is highlighted, focusing on long-term development strategies and major projects that align with the changing domestic and international environment [4][5]

Group 1: Economic Outlook - The central bank has adopted a more positive tone regarding the domestic economy, indicating that major economic indicators are performing well and that positive factors for prices are increasing[6] - External environment remains volatile with weakened global economic growth and increased trade barriers, leading to a differentiated performance among major economies[6] Group 2: Policy Continuity - The policy framework emphasizes continuity and predictability, focusing on "stability in employment, enterprises, markets, and expectations" to support the capital market[7] - The central bank's commitment to maintaining a loose monetary policy continues to safeguard the real economy and capital markets, enhancing social expectations amidst uncertainties[7] Group 3: Credit Structure Optimization - The focus is on implementing existing policies and optimizing the credit structure, with a shift from emphasizing credit scale growth to maintaining reasonable growth in financial totals[8] - The proportion of loans in the "Five Major Articles" areas has increased to approximately 70%, indicating a better alignment of financial structure with high-quality economic development[8] Group 4: Interest Rate and Regulation - Interest rate policies emphasize execution and regulation, aiming to lower social financing costs effectively[11] - The report indicates a more relaxed stance on exchange rates, suggesting stability at a reasonable level, with monetary policy execution being "dominated by domestic considerations"[11]

Group 1: Policy Direction - The political bureau meetings from April to July shifted focus towards cultivating "internationally competitive" emerging pillar industries, aligning with the dual core demands of the "14th Five-Year Plan" for technological self-reliance and global economic engagement[3] - Emerging pillar industries are expected to play a crucial role in addressing both domestic challenges and international competition, becoming a significant focus in the "15th Five-Year Plan"[3] - The "14th Five-Year Plan" established a precedent for strategic emerging industries, emphasizing the need to bridge gaps in key sectors while fostering new industries[4] Group 2: Historical Context and Trends - Historical analysis from the "12th" to "15th Five-Year Plans" reveals two key trends: continuous investment in critical areas to reduce gaps and proactive positioning in emerging industries to lead global technological innovation[12] - The "14th Five-Year Plan" continued this trend by deploying strategic emerging industries and future industries, focusing on both "bridging gaps" and "nurturing new growth"[15] - Key strategic emerging industries identified include biomedicine, new generation information technology, and advanced structural materials, which are crucial for enhancing global competitiveness[15] Group 3: Future Industry Focus - The "15th Five-Year Plan" is anticipated to expand the scope of strategic emerging industries to include deep-sea space development and intelligent connected vehicles, with a significant increase in exploration of future industries[24] - Key areas of focus for the "15th Five-Year Plan" include intelligent robotics, marine economy, deep-sea technology, low-altitude economy, intelligent connected vehicles, brain-like intelligence, 6G, quantum information, hydrogen energy, and gene technology[27][30] - The development of these industries is expected to enhance production efficiency, resource security, and technological advancement across various sectors[27][30] Group 4: Risks and Considerations - Potential risks include inaccuracies or incompleteness in data and information statistics, which may affect the understanding of industry deployment and development during the "15th Five-Year Plan" period[31] - There is a risk that the actual deployment of emerging pillar industries may not align with current expectations, as future policy directions could evolve beyond existing discussions[31] - The pace of deployment for emerging pillar industries during the "15th Five-Year Plan" may fall short of expectations, despite the rising necessity for accelerated development[31]

Group 1 - The A-share market indices continued to rise, with the Shanghai Composite Index breaking through 3700 points, driven by strong performances in non-bank financials, computers, and electronics, while the defense and military sector experienced significant pullbacks [1] - The Aerospace ETF (159227) saw a trading volume of 87.08 million yuan, maintaining its position as the top performer in its category, despite a decline of 1.57% [1] - The military industry is expected to see increased demand and recovery in overall industry prosperity due to the upcoming military parade on September 3 and the completion of the 14th Five-Year Plan, which is entering a critical phase for capability delivery [1] Group 2 - The Aerospace ETF (159227) tracks the National Aerospace Index, which has a strong military attribute with 97.86% of its components from the military industry, and a high weight of 66.8% in aerospace equipment, making it the highest military content index in the market [2] - This ETF provides investors with an efficient way to capture core military aerospace opportunities [2]

Core Viewpoint - The A-share market is experiencing a collective rise, with the Shanghai Composite Index up by 0.07% and the ChiNext Index up by 0.33%, driven by sectors such as duty-free and AI, while sectors like brain-computer interfaces, energy metals, and photovoltaics are declining [1] Group 1: Market Outlook - Shenwan Hongyuan suggests that the bull market atmosphere will not easily dissipate, and small-cap growth stocks may continue to outperform until a clear market trend is established [1] - The potential directions for a bull market include domestic technological breakthroughs and high global market share manufacturing reversing "involution" [1] - The market is expected to maintain its characteristics of sector rotation and high micro-level activity, with new opportunities arising from individual stock events [1] Group 2: Liquidity and Investment Strategy - Galaxy Securities indicates that with improved liquidity, the market is likely to operate at a high oscillation level, focusing on sectors with strong performance [2] - The margin financing balance has risen above 2 trillion yuan, but remains below historical peaks, suggesting a stable market environment [2] - The "anti-involution" theme is expected to persist, with growth sectors benefiting from the AI technology revolution and emerging industry trends [2] Group 3: Sector Focus - Dongfang Securities emphasizes that the market's upward trend remains intact, with a focus on sectors such as defense, AI computing power, semiconductors, and humanoid robots [3] - The market may experience short-term adjustments, providing opportunities for increased allocation in active sectors [3]

当前，中国正处在加快转型升级步伐、奋力推进高质量发展的关键阶段，正处在以中国式现代化全面推进强国建设、民族复兴伟业的关键 时期。 在中国经济发展的关键一程，习近平总书记高瞻远瞩、审时度势，一次次作出关键抉择，沉着应对挑战，指明前进方向，激发起强大信心 和力量。 今年是"十四五"规划收官、"十五五"规划谋划之年。 统筹：杨咏、汪奇文、杨云燕 撰稿/编导：房宽 记者：房宽、李恒毅、马晓冬、孙青、陈杰 配音：王帅龙 包装：欧阳建嘉 新华社音视频部制作 新华通讯社出品 【纠错】 【责任编辑:薛涛】 ...

新华社权威快报 国家税务总局最新数据 "十四五"期间 税务部门累计征收的税费收入 预计超155万亿元 税务部门累计征收税费收入预计超155万亿元 占全口径财政收入的比重已达80%左右 同期，全国累计新增减税降费预计10.5万亿元 全国累计新增减税降费 预计达10.5万亿元 新华社国内部出品 在国新办7月28日举行的 "高质量完成'十四五'规划"系列主题新闻发布会上 国家税务总局发布最新数据显示 "十四五"时期，随着我国经济平稳增长 办理出口退税预计超9万亿元 这些都有力促进了经济社会发展向好而行、向新而进 记者：刘开雄、申铖 海报制作：刘开雄 新华社国内部出品 【纠错】 【责任编辑:焦鹏】 ...

人民财讯8月12日电，国务院新闻办公室将于2025年8月14日(星期四)上午10时举行"高质量完成'十四 五'规划"系列主题新闻发布会，请国家发展改革委党组成员、国家数据局局长刘烈宏介绍"十四五"时期 数字中国建设发展成就，并答记者问。 ...