Group 1 - Tax revenue in China showed a significant recovery, with total public budget revenue reaching approximately 18.65 trillion yuan, a year-on-year increase of 0.8% [1] - Tax revenue specifically amounted to about 15.34 trillion yuan, reflecting a year-on-year growth of 1.7% [1] - The growth in tax revenue has been driven by a narrowing decline in the Producer Price Index (PPI) and a low base from the previous year, with tax revenue growth rates of 8.7% in September and 8.6% in October [1][2] Group 2 - The securities transaction stamp duty reached 162.9 billion yuan, marking an impressive year-on-year increase of 88.1% [2] - Personal income tax collected was approximately 1.3363 trillion yuan, showing a year-on-year growth of 11.5% [2] - Several industries, including computer and communication equipment manufacturing, saw tax revenue growth rates of 12.7%, 7.9%, and 14.8% respectively [2] Group 3 - Non-tax revenue for the first ten months of the year was about 3.31 trillion yuan, reflecting a year-on-year decline of 3.1% [3] - Government fund revenue, primarily from land sales, decreased by 2.8% year-on-year, with land use rights revenue dropping by 7.4% [3] Group 4 - Total public budget expenditure reached approximately 22.58 trillion yuan, with a year-on-year growth of 2% [4] - Expenditure related to social security and employment was about 3.77 trillion yuan, increasing by 9.3% year-on-year [4] - The government allocated 500 billion yuan from local government debt limits to support local fiscal capacity and effective investment [4]

吴清强调，习近平总书记在全会上的重要讲话高屋建瓴、定向领航，明确了推动未来5年乃至更长一段 时期经济社会发展的一系列方向性、根本性重大问题，进一步深化了我们党对经济社会发展的规律性认 识，为推动高质量发展、推进中国式现代化提供了科学指南和重要遵循。"十五五"时期具有承前启后的 重要地位，是夯实基础、全面发力的关键时期。证监会系统要深刻领悟"两个确立"的决定性意义，增 强"四个意识"、坚定"四个自信"、做到"两个维护"，全面理解和把握全会关于加快建设金融强国的新部 署新要求，认真落实金融系统学习贯彻全会精神会议提出的工作要求，抓紧研究谋划"十五五"时期资本 市场战略任务和重大举措，着力推动市场更具韧性、更加稳健，制度更加包容、更具吸引力，上市公司 质量更高、价值更优，监管执法更加有效、更具震慑力，开放迈向更深层次、更高水平，证监会系统全 面从严治党更严、更实，为实现党中央确定的"十五五"目标任务积极贡献资本市场力量。 吴清要求，证监会系统要把学习宣传贯彻全会精神这项重大政治任务抓紧抓实，扎实开展多层次、全覆 盖学习培训，大兴调查研究，认真做好规划编制，精心做好宣传解读，以钉钉子精神抓好各项任务落 实，切实把全会 ...

每经记者｜张蕊 每经编辑｜陈星 10月28日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（以下简称《建议》）正式发布。 记者注意到，此次《建议》在投资、消费等领域出现多个新提法。这些新提法背后有怎样的深意？在我国经济迈向"十五五"的关键节点，如何破解消费率 偏低、内需动力不足的深层矛盾？面对复杂严峻的国内外环境，深化改革的突破口究竟在哪里？ 带着这些关乎经济发展全局的核心问题，近日，《每日经济新闻》记者（以下简称NBD）专访了第十四届全国政协委员尹艳林。 尹艳林深耕宏观经济领域多年，曾长期任职于国家发改委和原中央财经领导小组办公室，曾对中国经济体制改革、供需结构调整等议题有着深刻洞察和独 到见解。 他直言不讳当前面临的一些问题背后是深层次的体制问题，坦言当前改革进入深水区的特征更加明显。他对扩大内需、全国统一大市场等领域的问题，都 提出了具体的改革方向和建议。 新型城镇化仍然是经济增长的重要引擎 NBD：《建议》在"十五五"时期经济社会发展的主要目标中提出，全要素生产率稳步提升，居民消费率明显提高，内需拉动经济增长主动力作用持续增 强。这对今后几年的经济发展会产生哪些影响？ 尹艳林：全要素生 ...

Market Overview - The A-share market is maintaining a volatile pattern under the policy emphasis on enhancing the resilience and risk resistance of the capital market, as well as improving the coordination between investment and financing functions [1][2] - The Every Day Brand 100 Index remains stable above the 1200-point mark, with several constituent stocks experiencing weekly gains exceeding 5% [1][2] Stock Performance - The Shanghai Composite Index fell by 0.18%, the Shenzhen Component Index by 1.40%, the ChiNext Index by 3.01%, and the STAR Market 50 Index by 3.85% during the week [2] - Notable performers include: - China International Marine Containers (CIMC) with a weekly gain of 11.33% - TCL Electronics with a gain of 10.29% - China Resources Land with a gain of 9.55% - 12 stocks, including China National Pharmaceutical Group and Haidilao, saw weekly gains exceeding 5% [4][5][6] Market Capitalization Growth - Agricultural Bank of China saw a market capitalization increase of 146.99 billion yuan, while Industrial and Commercial Bank of China, Tencent Holdings, and Bank of China each saw increases exceeding 50 billion yuan [4] Economic Indicators - The Consumer Price Index (CPI) for October rose by 0.2% both year-on-year and month-on-month, driven by a core CPI increase of 1.2% [6] - The overall economic operation remains stable, with challenges from external uncertainties and internal structural adjustments [6] Company Focus: China Resources Land - China Resources Land's stock performance was notable, with a weekly increase of 9.55% and a market capitalization increase of nearly 20 billion yuan [7] - The company is actively raising funds, including a mid-term note plan to raise 3.9 billion USD and a share placement to raise 2.06 billion HKD, which received strong institutional interest [8] - The funds raised will enhance liquidity for land acquisition and development costs, addressing the company's performance pressures amid a challenging real estate market [9] Financial Performance - In October, China Resources Land reported a total contract sales amount of approximately 15.2 billion yuan, a year-on-year decrease of 51%, and cumulative sales of 169.6 billion yuan for the first ten months, down 16.6% year-on-year [9] - The company aims to convert the raised funds into land reserves and project development, showcasing resilience in market fluctuations [9][10] Asset Management Growth - China Resources Land's asset management scale reached 462.1 billion yuan in 2024, a year-on-year increase of 8.1%, with shopping center asset management accounting for 64% of the total [10]

证监会11月14日消息，近日，中国证监会举办学习贯彻党的二十届四中全会精神宣讲报告会，中央宣讲 团成员，证监会党委书记、主席吴清作宣讲报告。 证监会11月14日消息，近日，中国证监会举办学习贯彻党的二十届四中全会精神宣讲报告会，中央 宣讲团成员，证监会党委书记、主席吴清作宣讲报告。 要 点 概 览 抓紧研究谋划"十五五"时期资本市场战略任务和重大举措 吴清围绕习近平总书记在党的二十届四中全会上的重要讲话精神和《中共中央关于制定国民经济和 社会发展第十五个五年规划的建议》，从准确把握党的二十届四中全会的重大意义，深刻认识"十 四五"时期我国经济社会发展取得的新的重大成就，深刻领会"十五五"时期经济社会发展的指导思 想、重要原则、主要目标、战略任务和重大举措，以及坚持和加强党的全面领导，凝聚起推进中国 式现代化的磅礴力量等方面，结合资本市场工作实际，作了深入宣讲和系统阐释。 吴清表示，习近平总书记在全会上的重要讲话高屋建瓴、定向领航，明确了推动未来5年乃至更长 一段时期经济社会发展的一系列方向性、根本性重大问题，进一步深化了我们党对经济社会发展的 规律性认识，为推动高质量发展、推进中国式现代化提供了科学指南和重要 ...

Core Viewpoint - The article emphasizes the significance of the 20th Central Committee's Fourth Plenary Session and its implications for China's economic and social development, particularly focusing on the upcoming "15th Five-Year Plan" period and the role of the China Securities Regulatory Commission (CSRC) in implementing these directives [3][4]. Group 1: Major Achievements and Future Directions - The article highlights the major achievements during the "14th Five-Year Plan" period, underscoring the importance of understanding the guiding principles and strategic tasks for the "15th Five-Year Plan" [3][4]. - It stresses the need for the CSRC to enhance its understanding of the "two establishments" and to strengthen its commitment to the Party's leadership, which is crucial for advancing China's modernization [4][5]. Group 2: Strategic Tasks and Regulatory Focus - The CSRC is tasked with developing a resilient and robust capital market, improving the quality of listed companies, and ensuring effective regulatory enforcement [4][5]. - The article calls for a comprehensive and rigorous approach to party governance within the CSRC, aiming to contribute positively to the goals set by the central government for the "15th Five-Year Plan" [5]. Group 3: Implementation and Training - The article outlines the necessity for the CSRC to prioritize the learning and implementation of the Plenary Session's spirit through extensive training and research initiatives [5]. - It emphasizes the importance of translating the learning outcomes into practical actions that enhance risk management, regulatory strength, and high-quality development in the capital market [5].

Core Viewpoint - The article emphasizes the significance of the 20th Central Committee's fourth plenary session and its implications for China's economic and social development, particularly focusing on the upcoming "15th Five-Year Plan" period [2][3]. Group 1: Major Achievements and Future Directions - The article highlights the major achievements during the "14th Five-Year Plan" period, underscoring the importance of understanding the guiding principles and strategic tasks for the "15th Five-Year Plan" [2][3]. - It stresses the need for the China Securities Regulatory Commission (CSRC) to enhance its understanding of the "two establishments" and to strengthen its commitment to the party's leadership in financial matters [3]. Group 2: Strategic Tasks and Measures - The CSRC is tasked with developing strategies and significant measures for the capital market during the "15th Five-Year Plan" period, focusing on resilience, stability, and the quality of listed companies [3][4]. - The article calls for a comprehensive and rigorous approach to implementing the spirit of the plenary session, including extensive training and research to ensure effective execution of tasks [4].

Core Viewpoint - The interdependence of technology, industry, and finance is emphasized, highlighting the crucial role of financial support, particularly from capital markets, in fostering technological and industrial innovation [1] Group 1: Financial Support for Innovation - Financial services must align with the complexity of the technology innovation process, requiring tailored support at each stage [1] - Direct financing, primarily through equity rather than bank loans, is deemed more beneficial for the integration of technology and capital [1] Group 2: Collaboration with Financial Institutions - The existing banking-dominated financial system should enhance collaboration with venture capital and other financial institutions [1] - Financial institutions are encouraged to provide loans to technology-focused enterprises and specialized innovative companies that show investment potential [1]

11月10日至13日，中国证监会主席吴清访问法国巴黎和巴西里约热内卢，并与法国金融市场监管局（AMF）主席巴贝特-拉亚尼女士（Marie-AnneBarbat-Layani）和巴西证监会（CVM）代理主席卢博（OttoLobo）先生、委员科波拉（MarinaCopola）女士分别举行双边会谈，就法国、欧盟、巴西证券市场监管动态、进一步深化拓展资本市场双边务实合作等议题交换了意见。期间，吴清听取国际机构投资者、中资企业对推进中国资本市场高水平开放的意见建议。外汇交易员 (@myfxtrader):路透：知情人士透露，证监会主席吴清已寻求批准辞职，但目前尚不清楚他的辞呈是否已被批准。 https://t.co/MOnGe7vJTw ...

科技创新过程的复杂性，每个阶段都需要与之匹配的金融服务。在王一鸣看来，与商业银行贷款相比， 股票为主的直接融资更有利于科技与资本的结合。在现有的以商业银行为主导的金融体系下，可以加强 与风投机构等金融机构合作，对投资机构通过净值调查意向投资的科创企业、专精特新企业相应地提供 贷款。 新一轮科技革命在加速突破，人工智能是核心驱动力，带来了广泛的各领域的深刻变革和创新。王一鸣 表示，我们要把握主动权就要加强原始创新和关键核心技术攻关，实现科创和产业创新的深度融合，未 来要推动三方面的转变，从过去的跟跑转向更多领域的领跑；从终端产品的创新转向关键核心技术的突 破；从鼓励集成创新转向鼓励原始创新。 北京商报讯（记者 马换换 王蔓蕾）11月13日，在"太湖世界文化论坛·钱塘对话"上，中国国际经济交流 中心副理事长、国务院发展研究中心原副主任王一鸣表示，科技、产业与金融彼此独立运行又相互联 系。无论是科技创新还是产业创新都离不开金融特别是资本市场的支持，金融可以在创新投入、降低创 新风险、提高创新效率方面发挥极其重要的作用。 ...