全会要求，推动实体经济高质量发展，建设现代化产业体系。坚持把发展经济的着力点放在实体经济 上，坚持智能化、绿色化、融合化方向，做好"原字号""老字号""新字号""外字号"强产业大文章，建设 制造强省、数智强省，构建以先进制造业为骨干的现代化产业体系。要巩固壮大实体经济，促进实体经 济和数智经济深度融合，促进现代服务业与先进制造业融合发展，积极推动现代金融高质量发展，深化 产业园区改革发展。 （鲍仁） 本报讯 中国共产党河南省第十一届委员会第十次全体会议，于2025年11月28日至29日在郑州举行。全 会审议通过了《中共河南省委关于制定河南省国民经济和社会发展第十五个五年规划的建议》。 全会提出，突出抓好15项重点工作任务，即建设现代化产业体系，一体推进教育科技人才发展，因地制 宜发展新质生产力，融入服务全国统一大市场建设，深化产业园区改革发展，推动金融高质量发展，构 建现代化基础设施体系，推动内外贸一体化发展，扎实推进乡村全面振兴，推进区域协调发展和新型城 镇化，把文旅产业培育成为支柱产业，着力保障和改善民生，推动绿色低碳转型和生态保护治理，推进 党建引领基层高效能治理和加强社会治理，提高防范化解重点领域风险 ...

中国银行业发展稳健，银行业总资产近470万亿元，位居世界第一。股票、债券市场规模位居世界第 二，外汇储备规模连续20年位居世界第一。在"十四五"时期，我国坚持支持性的货币政策立场，金融服 务实体经济质效大幅提升。5年来，银行业保险业通过信贷、债券、股权等多种方式，为实体经济提供 新增资金170万亿元。资本市场服务科技创新跑出加速度，目前A股科技板块市值占比超过四分之一。 全球前50大银行有43家在华设立机构，40家最大的保险公司半数已进入中国。（经济日报） ...

Core Insights - The Chinese banking sector has achieved significant growth, with total assets nearing 470 trillion yuan, ranking first globally, and has maintained the world's largest foreign exchange reserves for 20 consecutive years [1][2] Group 1: Financial Sector Achievements - During the "14th Five-Year Plan" period, the financial sector has effectively supported the real economy, providing an additional 170 trillion yuan in funding through various means such as loans, bonds, and equity [1] - The stock and bond financing in the exchange market reached a total of 57.5 trillion yuan, with a steady increase in the proportion of direct financing [1] - Loans to the wholesale, retail, accommodation, and catering sectors have increased by 80% [1] Group 2: Support for Key Areas - The financial industry has focused on supporting major national strategies and key areas, particularly enhancing financial services for technological innovation, with annual growth rates for loans to tech SMEs, inclusive finance, and green loans exceeding 20% [2] - The market capitalization of the A-share technology sector now accounts for over 25% of the total market [2] Group 3: Internationalization and Openness - The financial market has seen significant internationalization, with the removal of foreign ownership limits in securities, funds, and futures institutions, and the optimization of investment mechanisms such as Stock Connect and Bond Connect [2] - As of the end of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits, with 43 of the world's top 50 banks establishing a presence in China [2] Group 4: Risk Management and Stability - The financial regulatory framework has been continuously improved, enhancing regulatory effectiveness and maintaining key indicators such as non-performing loans and capital adequacy within healthy ranges [3] - The disposal of non-performing assets has increased by over 40% compared to the "13th Five-Year Plan" period, and the A-share market has shown improved resilience and risk management capabilities [3] - The annualized volatility of the Shanghai Composite Index has decreased by 2.8 percentage points to 15.9% compared to the previous five-year period [3] Group 5: Future Outlook - Looking ahead, the financial sector is positioned at a new historical starting point, with a focus on deepening supply-side structural reforms and advancing high-level financial openness [3] - The commitment to maintaining financial stability and security is emphasized, with expectations for the financial industry to contribute significantly to China's modernization efforts [3]

Core Insights - The 2025 Entrepreneur Boao Forum series will take place from December 2 to 5 in Boao, Hainan, with a focus on digital financial security development [2] - The Digital Financial Security Development Conference will be held on the afternoon of December 4, featuring collaboration among financial institutions, technology companies, and academia [2] - The conference aims to align with the "Financial Power" strategy and new productivity development requirements, focusing on breakthroughs in financial technology, digital security, and high-quality financial development [2] Industry Developments - The conference will officially release the "2025 Digital Banking Survey Report," which will provide comprehensive evaluation results based on the report's data [2] - Key activities include the signing of significant strategic cooperation agreements and the launch of next-generation security technologies [2] - The event will gather leaders from regulatory agencies, industry associations, academic experts, and senior professionals from the banking and fintech sectors [2]

Core Viewpoint - The article emphasizes the importance of finance as the lifeblood of the real economy and highlights China's commitment to a unique financial development path, focusing on optimizing financial resource allocation and advancing five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [1]. Group 1: Financial Development Themes - The "21st Century Financial Annual Conference" was held in Beijing, focusing on the theme "Reshaping Financial Resilience and Navigating Interest Rate Cycles" [1]. - The conference gathered representatives from financial regulatory bodies, experts, and industry leaders to discuss key issues related to high-quality financial development, including policy interpretation, innovative pathways, and risk prevention [1]. Group 2: Economic Transition - The article notes a significant shift in China's economic growth logic, moving from the traditional "real estate - finance - local government infrastructure" cycle to a new cycle centered around "technology - finance - industry" [4].

Core Insights - The financial sector is described as the lifeblood of the national economy, crucial for national strength and rejuvenation [1] - The "14th Five-Year Plan" is highlighted as a key moment for outlining the blueprint for development [1] Group 1 - The "20th 21st Century Financial Annual Conference" is scheduled to be held on November 22, 2025, in Beijing [2] - The event aims to gather various guests to foster consensus through communication and explore solutions to challenges [2] - The conference is positioned as a platform to outline a new chapter for high-quality development [2]

Group 1 - The core theme of the 2025 Bay Area Financial Annual Conference is "AI New Wave, Financial New Ecology," focusing on the integration of AI and finance to explore high-quality financial development solutions [2] - Experts at the conference emphasized the importance of AI as a driving force for economic transformation, highlighting its role in the Guangdong-Hong Kong-Macao Greater Bay Area as a leader in this change [2] - The conference featured notable speakers, including Wu Xiaoqiu, who discussed the historical transformation of China's economy and finance, emphasizing the shift from a "shortage economy" to an "overabundance economy" [4][5] Group 2 - Wu Xiaoqiu proposed that the focus of policies should shift from expanding supply to effectively managing excess and expanding domestic demand, with an emphasis on structural adjustment and industrial upgrading [4] - He highlighted the necessity of a modern financial system based on capital markets to support high-tech enterprises and meet the diverse financial needs of residents [5][6] - The importance of financial innovation alongside effective regulation was stressed to retain high-net-worth clients and prevent capital outflow [5] Group 3 - AI is seen as a core force in reshaping financial operations and service models, driving a dual enhancement of efficiency and intelligence in the financial sector [8][9] - Financial institutions are encouraged to leverage AI for competitive advantage by enriching data, expanding application scenarios, and addressing AI safety risks [9][10] - The "Ping An Brain" intelligent engine exemplifies the application of AI across various sectors, significantly reducing labor costs and enhancing operational efficiency [9][10] Group 4 - The concept of "public welfare finance" was introduced as a new financial paradigm emphasizing social responsibility and value creation, with the Greater Bay Area identified as a natural testing ground for such initiatives [12][13] - The potential for public welfare finance to enhance the effectiveness of charitable donations and create sustainable financial products was discussed, with a focus on addressing social issues [13][14] - Future trends in public welfare finance include the need for diverse financial institutions to collaborate and innovate in service of social value [13][14] Group 5 - A report on "Technology Finance Empowerment" was released, highlighting the Bay Area's role in forming a multi-layered financial support system for technology enterprises [15][16] - The report identified structural challenges such as insufficient early-stage capital supply and the need for improved cross-border financial collaboration [15][16] - Recommendations for future development include enhancing top-level design, optimizing capital supply systems, and fostering collaboration among financial institutions [16] Group 6 - The roundtable forum discussed the deep integration of AI and finance, with experts agreeing that AI is a key driver of high-quality development in the financial sector [17][18] - Challenges such as data governance, risk management, and organizational adaptation were identified as critical areas for improvement [17][18] - The discussion underscored the need for compliance in data usage and the importance of human oversight in AI-driven financial decision-making [18][19]

Core Insights - The financial sector in Shandong has experienced significant growth, with the total social financing scale exceeding 25 trillion yuan and the balance of domestic and foreign currency loans surpassing 15 trillion yuan, achieving key targets ahead of the "14th Five-Year Plan" [1] - The province has implemented a "Ten-Hundred-Thousand" plan for nurturing listed companies, resulting in a total of 430 listed companies with a total market value of 4.8 trillion yuan, including 8 companies valued over 100 billion yuan [1] - Financial support for enterprises has been enhanced, with the average interest rate on new corporate loans decreasing by 1.06 percentage points, and a notable reduction of 1.82 percentage points for small and micro enterprises [1] Financial Cooperation and Support - Shandong has strengthened communication with central financial institutions, securing funding of 864.45 billion yuan for key projects in technology innovation and rural revitalization [2] - The province has expanded financial support for foreign trade enterprises, providing over 1.95 trillion yuan through policies like "Lu Trade Loan" and "Qilu Import Loan" [2] - A total of 58.7 billion yuan in loans has been issued to 15,100 individual businesses as part of the "seedling" action for individual businesses [2] Financial Innovation and Services - The province has optimized financial service models, implementing "financial direct access to grassroots" initiatives, resulting in the allocation of 588.69 billion yuan to 8,765 projects across 16 cities [2] - The Jinan Science and Technology Innovation Financial Reform Pilot Zone has seen a 176.7% increase in loans to innovative enterprises, reaching a balance of 303.98 billion yuan [2] - Shandong's financial culture emphasizes innovation in products and services, enhancing the influence of "Good Financial Products" [3]

Core Viewpoint - The "15th Five-Year Plan" period is crucial for achieving socialist modernization and promoting high-quality financial development, necessitating a transformation in financial services to meet new demands from emerging factors, industries, and business models [2][3]. Group 1: Financial Service Effectiveness - The financial system must deepen reforms to enhance its effectiveness in serving the real economy, addressing structural contradictions such as excess funds but difficulty in investment and financing [3][4]. - Five breakthroughs are essential for improving financial service effectiveness: building a national credit market, enhancing service capabilities for new factors, adapting to new industry types and business models, improving overall service integration, and forming a correct understanding of financial services for the real economy [3][11]. Group 2: Achievements During the 14th Five-Year Plan - Significant progress was made in the financial system during the 14th Five-Year Plan, with improvements in the financial institutional framework, market scale, and competitiveness of financial institutions [6][7]. - By September 2025, China became the world's largest credit market with a credit balance exceeding 270 trillion yuan, and the bond market's scale surpassed 190 trillion yuan [7]. Group 3: Enhancing Financial Services for New Factors - The rise of movable assets, represented by data and technology, necessitates a shift in financial services from immovable assets to movable assets, with a focus on enhancing service capabilities for these new factors [14][15]. - By the end of 2024, the contribution of the digital economy to economic growth exceeded 40%, indicating a significant shift in asset structures within enterprises [14]. Group 4: Adapting to New Industry Types and Business Models - New consumption patterns and technological advancements are reshaping the industry landscape, with service consumption and experience-driven consumption becoming mainstream [17][18]. - Financial institutions need to innovate their service models to better support new consumption scenarios and the unique characteristics of new technology enterprises [19][20]. Group 5: Overall Service Integration and Adaptability - Despite a rich array of financial products, the overall integration and adaptability of financial services remain insufficient, with challenges in responding to the comprehensive needs of enterprises [21][22]. - Financial institutions should enhance collaboration and develop innovative products that cater to the diverse needs of different industries, particularly in technology, digital, and green sectors [22]. Group 6: Correct Understanding of Financial Services - There are discrepancies in the understanding and practice of financial services among financial institutions, local governments, and enterprises, which can hinder the precise allocation of financial resources [23]. - It is crucial to establish a correct understanding of the relationship between finance and the real economy, ensuring that financial services prioritize supporting value creation in enterprises [23].

Core Insights - Shandong's financial sector has achieved significant growth, with social financing scale increasing for 25 consecutive quarters, surpassing the national average, and reaching 25 trillion yuan in May this year [2][3] - The province has completed its main tasks outlined in the "14th Five-Year Plan" ahead of schedule, indicating a strong commitment to high-quality financial development [2][4] Financial Growth - The total financial volume in Shandong has seen a leap in growth, with the balance of domestic and foreign currency loans increasing for 20 consecutive quarters, exceeding 15 trillion yuan last November [2][3] - The average interest rates for new corporate loans and personal housing loans are projected to be 3.61% and 3.05% respectively by September 2025, reflecting a decrease of 1.06 and 2.2 percentage points since the end of 2020 [3] Financing Costs and Support - The People's Bank of China has guided financial institutions to lower personal housing loan rates by a total of 1.45 percentage points, saving each borrower approximately 6,000 yuan annually [3] - Shandong has secured 864.45 billion yuan in funding for key projects in technology innovation and rural revitalization, and has provided 58.7 billion yuan in loans to 15,100 individual businesses [3][4] Financial Innovation and Reform - Major state-owned financial institutions are actively seeking support to enhance their services, while local institutions are focusing on specialized operations [4] - The province has established financial innovation zones, with the loan balance for innovative enterprises in Jinan reaching 303.98 billion yuan, a 176.7% increase since the approval of the pilot program [4] Capital Market Development - Shandong has implemented a "Ten-Hundred-Thousand" plan for nurturing listed companies, resulting in a total of 430 listed companies with a combined market value of 4.8 trillion yuan [5] - The bond market has expanded, with enterprises raising 1.59 trillion yuan through stock and bond financing, a 63% increase compared to the "13th Five-Year Plan" period [5] Cross-Border Financing and Foreign Exchange Services - The province has improved its foreign exchange service environment, with the number of enterprises able to handle trade payment business increasing from 38 to 4,034 [6] - Over 2,800 billion USD in trade facilitation business has been processed, enhancing the efficiency of foreign exchange operations for quality enterprises [6] Risk Management - Shandong has maintained a strong focus on preventing systemic financial risks, successfully addressing 686.69 billion yuan in non-performing loans [7] - The total capital and provisions for risk resistance in the industry exceed 872.60 billion yuan, indicating robust risk management practices [7]