据新华社，中国证监会主席吴清6月18日在2025陆家嘴论坛上宣布，中国资本市场学会已正式获批 在上海注册成立，这是贯彻落实习近平总书记关于金融工作重要论述的具体举措，也是我国资本市场 发展中的一件大事。将广泛团结和凝聚行业机构、上市公司、高校院所、政府部门等各方面研究力 量，全力把学会打造成具有重要影响力的资本市场理论研究、学术交流、决策咨询高端智库平台。 ...

6月18日上午，为期两天的2025陆家嘴论坛正式开幕，本届论坛的主题为"全球经济变局中的金融开放合作 与高质量发展"。中国人民银行行长潘功胜、金融监管总局局长李云泽、中国证监会主席吴清、国家外汇局 局长朱鹤新出席会议并发表主题演讲。 吴清：推出进一步深化科创板改革的"1+6"政策措施 吴清在2025陆家嘴论坛上表示，将聚焦提升制度的包容性和适应性，以深化科创板、创业板改革为抓 手，更好发挥科创板"试验田"作用，加力推出进一步深化改革的"1+6"政策措施，统筹推进投融资综合改 革和投资者权益保护，加快构建更有利于支持全面创新的资本市场生态。 具体来看，"1"在科创板设置科创成长层，并且重启未盈利企业适用于科创板第五套标准上市，更加精准 服务技术有较大突破、持续研发投入大、商业前景广阔的优质科创企业，在强化信息披露、加强投资者适 当性管理方面作出安排。 "6"即在科创板创新推出6项改革措施，包括对于适用科创板第五套标准的企业，试点引入资深专业机构 投资者制度；面向优质科技企业试点IPO预先审阅机制；扩大第五套标准适用范围，支持人工智能、商业 航天、低空经济等更多前沿科技领域企业适用；支持在审未盈利科技企业面向老股 ...

今日2025陆家嘴论坛在上海举办，中国证券监督管理委员会主席吴清在开幕式上表示，近期将加快落实 2025年资本市场对外开放一揽子重点举措，包括发布QFII优化方案，进一步优化准入管理投资运作等， 将更多的产品纳入外资交易范围，尽快将QFII可交易期货期权品种总数扩展到100个。(智通财经) ...

更多精彩内容请关注专题： 本期编辑 金珊 刚刚，央行宣布8项重磅金融举措！ SFC 21君荐读 据新华社报道，吴清6月18日在2025陆家嘴论坛上宣布，将聚焦提升制度的包容性和适应性， 以深化科创板、创业板改革为抓手，着力打造更具吸引力、竞争力的市场体系和产品服务矩 阵。更好发挥科创板"试验田"作用，加力推出进一步深化改革的"1+6"政策措施，统筹推进投 融资综合改革和投资者权益保护，加快构建更有利于支持全面创新的资本市场生态。 来源 | 新华社 ...

Group 1 - The meeting aimed to promote deep cooperation between private equity funds and companies listed on the New Third Board in Ningxia, focusing on high-quality development of the real economy [1] - A total of 26 New Third Board companies and 17 private equity funds participated in the event, which served as a platform for precise matching of capital and enterprise needs [1][4] - Ningxia Environmental, a high-tech enterprise listed on the New Third Board, has been recognized as a "technology-based small and medium-sized enterprise" and aims to list on the Beijing Stock Exchange [2][3] Group 2 - As of now, Ningxia has 26 companies listed on the New Third Board, with 16 classified as specialized and innovative enterprises [3] - In 2024, these companies contributed 246 million yuan in taxes and provided increasing employment opportunities, demonstrating their role in supporting livelihoods and job creation [3] - Five companies have disclosed or implemented dividend plans for 2024, with total cash dividends amounting to 428 million yuan, reflecting a significant year-on-year increase of 239.68% [3] Group 3 - Private equity funds in Ningxia are primarily focused on traditional industries, with investments spanning 34 sectors including machinery manufacturing and agriculture [3] - By the end of the first quarter, there were 104 projects in Ningxia's small and medium-sized enterprises with a total investment scale of 6.929 billion yuan [3] - The Ningxia Securities Regulatory Bureau plans to continue facilitating connections between private equity funds and New Third Board companies to enhance financing channels [4]

吴清6月18日在2025陆家嘴论坛上宣布，中国资本市场学会已正式获批在上海注册成立。将广泛团结和 凝聚行业机构、上市公司、高校院所、政府部门等各方面研究力量，全力把学会打造成具有重要影响力 的资本市场理论研究、学术交流、决策咨询高端智库平台。(新华社) ...

Core Viewpoint - The construction of national reserve forests in Zhejiang embodies the "Two Mountains" theory, promoting ecological civilization and sustainable development through innovative practices and resource optimization [1][8]. Group 1: Ecological Capital Marketization - The establishment of a market-oriented mechanism for ecological capital aims to unlock the value potential of forestry resources through clear property rights, market transaction systems, and financial innovation [2]. - Zhejiang's "Three Rights Separation" reform addresses the inefficiencies of fragmented collective forests, enabling large-scale integration and efficient utilization of forest resources [2]. - Innovative financial products like "Lin Yi Dai" leverage ecological compensation rights to secure loans, transforming collective forest rights into capital [3]. Group 2: Ecological Industry Collaboration - The core drivers of ecological industry collaboration include resource optimization, technological innovation, and industry integration, leading to high-quality development in forestry [4]. - The promotion of "one acre of mountain, ten thousand yuan" model in the under-forest economy opens new avenues for income generation through diverse agricultural activities [4]. - Collaboration with academic institutions has led to the development of value-added products, significantly increasing the overall industry output [4]. Group 3: Inclusive Ecological Benefits - A multi-entity revenue distribution framework is essential for internalizing the positive externalities of ecological protection, enhancing the economic incentives for conservation [6]. - The concentration of land leasing and the establishment of standard forestry land models ensure stable income for farmers, reinforcing both ecological protection and livelihood security [7]. - The introduction of shareholding cooperative models in forestry has resulted in significant income increases for farmers, with some regions reporting over 50% of farmers' income derived from forestry [7]. Group 4: Three-Dimensional Collaborative Development - The project emphasizes the dialectical unity of ecological value and economic efficiency, ensuring the transformation of forest resources into development capital [8]. - Institutional innovation through the "Three Rights Separation" framework provides systematic solutions for national forestry reform [8]. - The dual empowerment of strategic reserves and livelihood improvement addresses both national timber security needs and rural income enhancement [8].

所长 早读 国泰君安期货 2025-06-18 期 请务必阅读正文之后的免责条款部分 1 期货研究 期货研究 2025-06-18 所长 早读 陆家嘴论坛即将召开 观点分享： 2025 年陆家嘴论坛将于 6 月 18 日至 19 日在上海召开，主题为"全球经济变局中的金融 开放合作与高质量发展"。此次论坛由中国人民银行、国家金融监督管理总局、中国证监会、 国家外汇管理局和上海市人民政府联合主办，潘功胜和龚正担任共同轮值主席。论坛将围绕 金融开放、货币政策协调、资本市场改革、绿色金融、人工智能赋能金融等多个核心议题展 开讨论，并计划发布若干重大金融政策。按照惯例，中央金融管理部门将在论坛期间发布若 干重大金融政策，涵盖货币政策、资本市场改革、金融开放等多个方面。例如 2024 年论坛 期间，中国证监会发布了"科创板八条"政策，推动资本市场对科技创新的支持。 所 长 首 推 | 板块 | 关注指数 | | --- | --- | | 国债期货 | ★★★★ | 国债期货：地缘扰动支撑行情修复，中期仍看高位震荡。央行维持银行间流动性充裕，市场 对于三季度降准降息预期仍浓，宏观数据当下整体仍然疲弱。政策面上 7 月份 ...

Group 1 - The Shanghai municipal government, led by Mayor Gong Zheng, aims to deepen the implementation of capital market reforms [1] - The government will actively support the advancement of the Sci-Tech Innovation Board system reforms [1] - The initiative is designed to create conditions for more outstanding technology-based enterprises to embrace the capital market [1]

Group 1 - A-shares opened lower with the Shanghai Composite Index down 0.04% and the ChiNext Index down 0.16%, while sectors like liquor and oil extraction showed activity, and rare earth permanent magnets and innovative drugs faced declines [1] - Huaxi Securities focuses on the upcoming Lujiazui Forum on June 18, expecting the release of significant financial policies that could support the A-share market's upward momentum [1] - The recent negotiations between China and the US align with market expectations, but geopolitical tensions in the Middle East are impacting global risk appetite, leading to short-term fluctuations in A-shares [1] Group 2 - China Galaxy Securities anticipates that the A-share market will likely maintain a volatile trend in the short term, emphasizing the importance of structural opportunities [2] - Despite external uncertainties, domestic economic resilience is expected to strengthen due to ongoing policy support, with a notable trend of residents reallocating wealth towards financial assets [2] - The expansion of equity public funds and the influx of medium to long-term capital are expected to contribute to a stable and improving funding environment for A-shares [2] Group 3 - Shenwan Hongyuan suggests that stable capital market policies provide a "buffer" against macro disturbances, allowing for a focus on sector performance rather than macroeconomic analysis [3] - The primary downside risk for the market is linked to long-term transmission chains, particularly if the US economy underperforms, which could delay improvements in A-share supply-demand dynamics [3] - The process of validating China's global competitiveness is seen as a phase for optimistic expectations to develop, although this may also introduce potential disturbances as market conditions change [3]