Core Viewpoint - The National Standard for Individual Business Credit Evaluation Indicators (GB/T 46278—2025) has been established to facilitate the orderly sharing and efficient utilization of credit evaluation information, thereby supporting credit financing for individual businesses [1] Group 1: Standard Implementation - The standard outlines the basic requirements for establishing credit evaluation indicators, the content of the evaluation indicators, and their configuration, applicable to credit evaluation activities for individual businesses [1] - The implementation of this standard aims to leverage credit value, assisting financial institutions in developing and providing financial products and services tailored to the characteristics of individual businesses [1] Group 2: Financial Support and Development - The initiative is expected to expand the scale and coverage of loans for individual businesses, enhancing the precision and convenience of loan provision [1] - It will also support targeted assistance for individual businesses, encouraging and guiding their sustainable and healthy development [1] Group 3: Policy and Economic Context - The release and implementation of this standard align with the policy requirements for high-quality development of the social credit system and the construction of a unified national market [1] - It addresses the practical challenges faced by the rapidly growing individual economy, particularly the difficulties of expensive and inaccessible financing [1]

Core Viewpoint - The National Standard for Individual Business Credit Evaluation Indicators (GB/T 46278—2025) has been established to facilitate the orderly sharing and efficient utilization of credit evaluation information, thereby supporting credit financing for individual businesses [1] Group 1: Purpose and Benefits - The credit evaluation aims to leverage credit value to assist financial institutions in developing and providing financial products and services tailored to the characteristics of individual businesses [1] - The initiative seeks to expand the scale and coverage of loans for individual businesses, enhancing the precision and convenience of loan access [1] - It will also support targeted assistance for individual businesses, encouraging and guiding their sustainable development through standardized support [1] Group 2: Implementation and Impact - The release and implementation of this standard align with the policy requirements for high-quality development of the social credit system and the construction of a unified national market [1] - It addresses the current challenges faced by the individual economy, particularly the difficulties of expensive and inaccessible financing [1] - The standard will aid in flexible regulation, prudent supervision, and targeted assistance for individual businesses [1]

Core Viewpoint - The State Council has approved a two-year pilot program for market-oriented allocation of factors in ten key regions, aiming to enhance innovation and efficiency in resource allocation, with a completion target set for 2027 [1][2]. Group 1: Pilot Program Overview - The pilot program includes ten regions: Beijing's sub-center, key cities in southern Jiangsu, Hangzhou-Ningbo-Wenzhou, Hefei metropolitan area, Fuzhou-Xiamen-Quanzhou, Zhengzhou, Chang-Zhu-Tan, Guangdong-Hong Kong-Macao Greater Bay Area, Chongqing, and Chengdu [1]. - The overall structure of the pilot schemes is consistent, focusing on stimulating technological innovation, efficient land allocation, rational flow of human resources, and enhancing capital service capabilities for the real economy [1][2]. Group 2: Financial Support and Measures - The People's Bank of China will enhance financial support for the pilot regions, focusing on improving financial service supply, promoting higher-level financial openness, and leveraging digital finance [2]. - Eight out of the ten pilot regions' plans emphasize increasing effective financial services to support the real economy [2]. Group 3: Specific Regional Initiatives - Zhengzhou's plan encourages the development of futures products that meet the needs of the real economy, while the Greater Bay Area aims to establish a high-standard futures exchange [3]. - The Chang-Zhu-Tan plan includes exploring new markets for electricity capacity and financial derivatives [3]. Group 4: Impact of Futures Market Development - The development of the futures market is expected to enhance factor flow efficiency, increase industry resilience, attract high-end resources, and promote unified standards [4]. - The futures market's role as a pricing benchmark will facilitate cross-regional factor flow and reduce transaction costs [4]. Group 5: Future Prospects - The pilot program is anticipated to accelerate innovation in futures products, such as electricity and carbon emission futures, and deepen the opening process of the futures market [5]. - The pilot regions may serve as experimental grounds for cross-border delivery and integration with international standards, enhancing China's price influence globally [5].

据悉，即日起开展北京城市副中心、苏南重点城市、杭甬温、合肥都市圈、福厦泉、郑州市、长株潭、 粤港澳大湾区内地九市、重庆市、成都市等10个要素市场化配置综合改革试点。 自然资源部自然资源开发利用司司长孔维东在发布会上释放了土地管理制度改革的重要信号。据悉，在 盘活存量土地和低效用地再开发方面，自然资源部将细化完善低效用地认定标准，推动城镇低效用地腾 退和主动退出，鼓励采取市场化方式盘活存量闲置土地等。 国家发展改革委副主任李春临表示，这10个地区是发展基础较好、经济增长支撑作用强的城市群、都市 圈或者中心城市，改革基础条件较好，也具有较强代表性。各地区试点方案总体结构基本一致，但具体 改革措施因地制宜，各有侧重。试点方案自批复起实施2年时间，预计2027年完成试点任务。 国家发展改革委将会同试点地区和有关方面，聚焦要素价格市场化形成、畅通要素流通渠道等重点领域 和关键环节，分类施策推进改革，加快形成全国可复制可推广的路径模式。 深化要素市场化配置改革，是建设全国统一大市场的关键环节，是构建高水平社会主义市场经济体制的 重要内容。 中国人民银行研究局局长王信则从金融视角，解读了推进要素市场化配置综合改革对做好金融 ...

9月11日，国新办举行国务院政策例行吹风会，介绍全国部分地区实施要素市场化配置综合改革试点有 关情况。 国家发展改革委表示，加快形成全国可复制可推广的路径模式 中国政府网9月11日消息，国务院日前印发《关于全国部分地区要素市场化配置综合改革试点实施方案 的批复》，同意自即日起2年内开展北京城市副中心、苏南重点城市、杭甬温、合肥都市圈等10个要素 市场化配置综合改革试点，原则同意有关实施方案，并全文印发向社会公布。 批复要求，方案实施要坚持以习近平新时代中国特色社会主义思想为指导，深入贯彻党的二十大和二十 届二中、三中全会精神，完整准确全面贯彻新发展理念，以综合改革试点为牵引，深入推进要素市场化 配置改革，完善要素市场制度和规则，着力破除阻碍要素自由流动和高效配置的体制机制障碍，保证各 种所有制经济依法平等使用生产要素、公平参与市场竞争、同等受到法律保护，推动要素质量逐步提 高、生产要素畅通流动、各类资源高效配置、市场潜力充分释放，为促进新质生产力发展、纵深推进全 国统一大市场建设、构建高水平社会主义市场经济体制提供坚强支撑。 李春临表示，各地区试点方案总体结构基本一致，但具体改革措施因地制宜，各有侧重，围绕激 ...

Core Points - The "Guangzhou Nansha Deepening Comprehensive Cooperation with Hong Kong and Macau" plan has achieved significant results in its first phase of development and opening up [1] - A research initiative is being launched to gather theoretical and practical research outcomes related to the plan, focusing on strategic positioning and key tasks [1][2] Group 1 - The initiative aims to collect research reports ranging from 3,000 to 10,000 words on topics such as marine economy, national unified market, new productivity, regional collaborative development, and international consumer center cities [1] - The submission deadline for research outcomes is September 30, 2025, with preliminary submission of a report form required by September 20 [2] - The evaluation process will consist of two rounds, focusing on innovation, feasibility, and policy transformation potential, with results published on the official website [2]

Group 1 - The State Council has approved a pilot program for market-oriented allocation of factors in ten urban areas, including the Guangdong-Hong Kong-Macao Greater Bay Area and several key cities in southern China, to enhance resource utilization efficiency [1][2] - The pilot areas are chosen based on their significant economic contributions and existing industrial clusters, aiming to provide differentiated exploration experiences for the construction of a unified national market [1][2] - The implementation plan covers seven major areas and 22 specific measures, focusing on technology, land, talent, data, and capital, with a key emphasis on improving land allocation efficiency [2][3] Group 2 - The plan proposes to revitalize idle land through market-oriented methods, including establishing standards for identifying low-efficiency urban land and encouraging measures such as negotiation for recovery and agreement exchanges [3] - It aims to create a unified construction land market across urban and rural areas, exploring diverse ways to utilize idle rural housing and promoting the entry of collective rural operating construction land into the market [3] - To facilitate the transformation of technological achievements, the plan suggests enhancing the property rights system for scientific and technological achievements and increasing financial services to support the development of multi-level capital markets [3]

Core Points - The People's Bank of China (PBOC) is actively supporting the comprehensive reform of market-oriented resource allocation, emphasizing the decisive role of the market and the government's role in financial initiatives [1][2] - As of the end of Q2 2025, the PBOC has established various loan tools, including those for agriculture, small enterprises, carbon reduction, technological innovation, and elderly care, with significant financial support directed towards these areas [1] - The cumulative carbon reduction loans issued by financial institutions have exceeded 1.38 trillion yuan, while loans for technological innovation and transformation have reached 2.2 trillion yuan, benefiting nearly 20,000 small and medium-sized tech enterprises [1] - Green loan balances are approximately 42.4 trillion yuan, and green bond balances exceed 2.2 trillion yuan, placing these metrics among the top globally; inclusive small and micro loans and technology loans have grown by over 12% year-on-year, with loans for the elderly care industry increasing by 43% [1] Financial Support Initiatives - The PBOC is increasing financial support for pilot regions of market-oriented resource allocation reforms, focusing on enhancing effective financial service supply, promoting higher levels of financial openness, and leveraging digital technology for financial development [2]

Core Viewpoint - The People's Bank of China (PBOC) is actively supporting the comprehensive reform of factor market-oriented allocation, emphasizing the decisive role of the market in resource allocation while enhancing the government's role in promoting high-quality economic development [1][3]. Group 1: Financial Infrastructure and Standards - The PBOC is focused on improving foundational infrastructure such as standard setting, financial statistics, and information disclosure to facilitate the reasonable flow of factors. A new "Green Finance Support Project Directory (2025 Edition)" will be issued, which includes definitions for various green financial products and adds categories like green consumption and green trade [3]. - The PBOC is leading the development of 11 financial standards for the transformation of traditional high-carbon industries and is revising guidelines for sustainable information disclosure by financial institutions [3]. Group 2: Capital Support for the Real Economy - The PBOC has established various loan tools to support key sectors, including agricultural and small business loans, carbon reduction support tools, and loans for technological innovation. By the end of Q2 2025, over 1.38 trillion yuan in carbon reduction loans had been issued [4]. - Green loans reached approximately 42.4 trillion yuan, and green bond issuance exceeded 2.2 trillion yuan, placing these metrics among the highest globally. Inclusive small and micro loans, as well as technology loans, grew by over 12% year-on-year, while loans for the elderly care industry increased by 43% [4]. Group 3: Regional Financial Reforms - The PBOC is guiding regional financial reforms in ten pilot areas for factor market-oriented allocation. Cities like Beijing, Hangzhou, and Hefei are implementing financial reforms focused on technological innovation, while Chongqing and Guangzhou are advancing green finance initiatives [4]. Group 4: Risk Management and Future Directions - The PBOC emphasizes the importance of balancing growth and risk management, ensuring that systemic financial risks are avoided. Future efforts will focus on increasing effective financial service supply, promoting higher levels of financial openness, and leveraging digital technology to enhance financial development [5].

9月11日，国务院发布关于全国部分地区要素市场化配置综合改革试点实施方案的批复，同意自即日起2年内开展北京城市副中心、苏南重点城市、杭甬 温、合肥都市圈、福厦泉、郑州市、长株潭、粤港澳大湾区内地九市、重庆市、成都市等10个要素市场化配置综合改革试点。 当日，国新办举行国务院政策例行吹风会，介绍全国部分地区实施要素市场化配置综合改革试点有关情况，信息量巨大。 深化探索数据、算力、空域、频谱轨道等新型要素配置方式和价值实现路径 国家发展改革委副主任李春临表示，试点方案自批复起实施2年时间，预计2027年完成试点任务。 李春临表示，深化要素市场化配置改革，是建设全国统一大市场的关键环节，是构建高水平社会主义市场经济体制的重要内容。此次改革试点是深入推动 要素市场化配置改革的重要举措，具有试点地区范围广、要素领域覆盖全、试点举措任务实、全国示范意义强等特点，对于进一步完善要素市场体系和市 场机制，促进要素资源跨区域、跨领域顺畅流动，充分发挥市场在资源配置中的决定性作用，更好发挥政府作用，实现资源配置效率最优化、效益最大 化，推动经济高质量发展，具有两方面的重要意义。 人、土地、金融、技术等要素市场化持续改革 人力资源 ...