Core Insights - The "Action Plan" aims to enhance the technology finance service system in Zhejiang, combining investments in both physical assets and human capital to support innovation [1][2] - The plan sets a target for 2027 with seven core quantitative indicators, including a target for provincial venture capital fund scale to exceed 20 billion yuan and a technology loan balance of 4.8 trillion yuan [1][4] Group 1: Development Goals - The plan aims for the provincial venture capital fund scale to exceed 20 billion yuan and the technology loan balance to reach 4.8 trillion yuan [1] - It targets that over 80% of newly listed companies in the province will be in the technology innovation sector, with technology innovation bond issuance exceeding 100 billion yuan [1] - The plan also aims for technology insurance coverage to exceed 700 billion yuan and new technology innovation guarantee amounts to surpass 20 billion yuan [1] Group 2: Key Tasks - The plan outlines six core tasks focusing on capital supply, credit support, capital markets, risk sharing, and ecosystem development [1][2] - It emphasizes the growth of patient and long-term capital, particularly in artificial intelligence, life health, new materials, and new energy sectors [1][4] - The government will increase its investment in seed funds and talent funds, extending the fund duration to 20 years to match the long cycles of technology research and development [2] Group 3: Financial Support Mechanisms - A multi-layered financial service system is established, including "funds + credit + bonds + insurance + guarantees" to meet the varying needs of technology enterprises [2] - The plan promotes partnerships among platforms, universities, enterprises, and industry chains, providing interest subsidies for eligible technology innovation loans [2] - Banks will implement differentiated service mechanisms for technology enterprises, including a dedicated credit scale and a loan due diligence exemption list [2][3] Group 4: Capital Market Initiatives - The plan aims to accelerate the listing of technology enterprises, establishing a nurturing pool of over 1,000 technology companies for potential listing [3] - It seeks to increase the proportion of acquisition loans for technology enterprises to 80% and extend loan terms to 10 years [3] - The plan also encourages the development of insurance products for research project losses and intellectual property, enhancing risk-sharing mechanisms [3] Group 5: Ecosystem Development - The plan promotes an "innovation points system" and explores the integration of artificial intelligence with technology finance to facilitate precise matching of quality projects with capital [3][4] - It aims to leverage the pilot functions of innovation financial reform zones in Hangzhou and Jiaxing, exploring collaborative paths between technology finance and green finance [3] - The plan intends to establish a comprehensive service trial for equity rights and leverage the role of Ningbo's national insurance innovation pilot zone [3]

全国首创的"科汇通"试点业务，打通了深港科创关键脉络。 在工作日的清晨，从香港科学园出发，乘坐跨境直通巴士越过深圳河，35分钟即可抵达香港科学园深圳 分园。这一"点对点"的高效通勤，已成为河套深港科技创新合作区"过河者"的日常。 人员跨境往来效率大幅提升的同时，资金跨境流动的创新突破同样亮眼。全国首创的"科汇通"试点业 务，成功破解境外非企业主体资金入境的制度梗阻，以"几天办结"的高效流程、灵活的币种选择和优惠 的手续费率，为科研资金跨境调拨打通了便捷通道。 作为粤港澳大湾区唯一以科技创新为主题的重大合作平台，自2023年8月国务院印发《河套深港科技创 新合作区深圳园区发展规划》（下称《河套发展规划》）以来，短短两年多时间，河套深港科技创新合 作区凭借"一区两园"的跨境优势，率先实现多项金融创新突破，让资金跨境流动愈发通畅，也让科技与 金融融合更加深入。 "科汇通"从试点走向全国 科技创新，资金先行。 河套深港科技创新合作区作为深港跨境合作的前沿阵地，曾面临非企业科研机构境外汇入科研资金无据 可依、调拨不便的难题。为打通科研资金跨境流动"堵点"，落实《河套发展规划》中关于"创新科研相 关资金跨境流动监管"的专 ...

今年以来，渤海银行紧密围绕金融服务实体经济主线，将债券承销业务作为落实金融"五篇大文章"的重 要阵地和推动区域经济发展的关键引擎。截至2025年12月5日，该行年内累计主承销银行间债务融资工 具首次突破2000亿元大关，创历史新高，同比增长32%，年增幅和规模增量在全国性股份制商业银行中 均位列第一；同时，其市场份额提升至2.14%，规模排名跃居股份制商业银行第7位，实现历史性突 破，展现出强劲的发展态势。 债券承销"三级跳"持续为实体经济注入新动能 债券融资作为应用广泛且高效的直接融资方式，跳过了传统信贷的"存贷"环节，将资金需求方与多层次 资本市场直接连通，显著降低了企业融资成本。渤海银行以此为抓手，持续将金融活水精准注入实体经 济。今年以来，该行已助力约300家企业实现发债融资，覆盖了制造业、科技创新、绿色低碳、民营经 济和小微企业等重点领域，在推动产业升级的同时，也实现了自身业务的高质量发展。 根据Wind数据统计显示，渤海银行债券承销规模三年间持续跃升：2023年同期约为800亿元，2024年突 破1000亿，今年则大踏步跨越2000亿元大关，完成了从"百亿级"到"千亿级"再到"两千亿级"的"三级 ...

今年以来，渤海银行紧密围绕金融服务实体经济主线，将债券承销业务作为落实金融"五篇大文章"的重 要阵地和推动区域经济发展的关键引擎。截至2025年12月5日，该行年内累计主承销银行间债务融资工 具首次突破2000亿元大关，创历史新高，同比增长32%，年增幅和规模增量在全国性股份制商业银行中 均位列第一；同时，其市场份额提升至2.14%，规模排名跃居股份制商业银行第7位，实现历史性突 破，展现出强劲的发展态势。 债券承销"三级跳" 持续为实体经济注入新动能 债券融资作为应用广泛且高效的直接融资方式，跳过了传统信贷的"存贷"环节，将资金需求方与多层次 资本市场直接连通，显著降低了企业融资成本。渤海银行以此为抓手，持续将金融活水精准注入实体经 济。今年以来，该行已助力约300家企业实现发债融资，覆盖了制造业、科技创新、绿色低碳、民营经 济和小微企业等重点领域，在推动产业升级的同时，也实现了自身业务的高质量发展。 根据Wind数据统计显示，渤海银行债券承销规模三年间持续跃升：2023年同期约为800亿元，2024年突 破1000亿，今年则大踏步跨越2000亿元大关，完成了从"百亿级"到"千亿级"再到"两千亿级"的"三级 ...

Core Viewpoint - The article emphasizes the transformation of Rongtong Fund into a state-owned enterprise-controlled public fund company, focusing on leveraging its central enterprise characteristics to drive innovation and growth in the financial sector, particularly in serving state-owned capital operations and wealth management for residents [1][5]. Group 1: Transformation Achievements - Since merging with China Chengtong in 2022, Rongtong Fund has significantly enhanced its service to state-owned enterprises, achieved product innovation, and improved investment performance, marking a clear path of innovative development [5][6]. - The total asset scale of Rongtong Fund reached 339.8 billion yuan by June 2025, an increase of 107.9 billion yuan, representing a nearly 50% growth since the merger [5][6]. - The investment research system has been upgraded, with a focus on a platform-based, team-oriented, and integrated multi-strategy approach, leading to notable performance in active equity investments and fixed income [6][8]. Group 2: Future Strategic Blueprint - The core goal for the next five years is to achieve significant transformation and elevate the company’s status, focusing on developing benchmark central enterprise-themed index products to enhance investor returns [10][11]. - The company aims to strengthen its foundation through party leadership and governance, ensuring that political and organizational advantages translate into core competitive strengths for high-quality development [10][11]. - The strategic focus will include optimizing resource allocation in key national strategic areas such as technology finance, green finance, inclusive finance, pension finance, and digital finance [10][11]. Group 3: Global Asset Allocation - Rongtong Fund is actively building a dual-wing strategy for domestic and international business, with the establishment of its first Cayman-listed fund and successful issuance of a public fund in Hong Kong [16][17]. - The global investment strategy is centered around supporting state-owned capital "going out" and developing QDII funds that align with national strategies, such as technology self-reliance and green development [16][17]. - The company emphasizes long-term investment and aims to provide diversified asset allocation products to enhance participation and benefits for ordinary residents in financial openness [17][18]. Group 4: Investment Research System Iteration - The investment research capability is viewed as fundamental for the long-term development of the fund, transitioning from individual reliance to a systematic platform approach [19][20]. - Key iterations include breaking down asset silos, embedding investment decision processes into standardized workflows, and developing a multi-strategy collaborative approach to adapt to market cycles [20][21]. - The integration of AI technology into the investment research process has significantly improved efficiency, allowing fund managers to focus on in-depth research and decision-making [21][22]. Group 5: Inclusive Finance Practices - Rongtong Fund has implemented various practices to enhance investor experience, including the issuance of thematic ETFs that allow investors to share in the profits of state-owned enterprises [23][24]. - The company has been a pioneer in promoting systematic investment plans, conducting numerous educational activities to guide investors in long-term investment strategies [24][25]. - Efforts to reduce fees and enhance research capabilities are aimed at aligning with investor interests and improving overall investment returns [25].

2025年12月10日，深圳市智胜新电子科技股份有限公司2025年面向专业投资者非公开发行科技创新可转 换公司债券（第一期）在上交所成功发行，平安证券为独家主承销商。该项目为科创债新规出台后全国 首批落地的科创可转债项目，发行规模3000万元，期限3年，票面利率为0.2%。项目设置了转股期、价 格修正、赎回等相关条款，吸引了包括私募投资基金在内不同风险偏好的多元化投资者，进一步丰富了 科创债投资群体。 科技创新可转换公司债券（简称"科创可转债"）是在科创债基础上设置可转换成公司股份条款的创新债 券品种，首批科创可转债的发行落地，标志着沪市在债券市场"科技板"建设中走出关键一步，不仅为科 创债市场带来了新的活力，为投资者提供了更加多元、增量的产品选择，更以股债联动模式为科技型企 业发展注入了新动能，亦是金融机构精准服务实体经济与新质生产力的又一创新实践。 精准破局：科创企业融资痛点的定制化解决方案 科技型企业普遍面临"早期资金需求迫切、业绩波动大、传统融资渠道受限"的发展困境，尤其对于深耕 细分领域的专精特新企业，平衡融资成本与经营稳定性是其核心挑战。 深圳市智胜新电子科技股份有限公司专注于大型铝电解电容器及其 ...

Core Insights - The proposal outlines the development strategy for Shenyang during the 15th Five-Year Plan period, emphasizing the enhancement of the real economy and the promotion of intelligent, green, and integrated manufacturing [1][2] Group 1: Economic Development and Industry Upgrades - Shenyang aims to optimize and elevate traditional industries by advancing intelligent, green, and service-oriented manufacturing, and promoting the "smart transformation and digital upgrade" of manufacturing [2] - The city plans to cultivate emerging and future industries, focusing on innovative infrastructure, technology research and development, and large-scale application of new technologies and products [2] - Key industrial chains and advanced manufacturing clusters will be developed, with a focus on the automotive and parts industry, equipment manufacturing, aerospace, information technology, and renewable energy sectors [3] Group 2: Financial and Systemic Reforms - The proposal emphasizes the need for comprehensive economic system reforms, particularly in the financial sector, to enhance financial supply and support the development of various financial services [4] - It includes plans to optimize the financial institution system, expand financing scales in credit, bonds, and capital markets, and establish a multi-level investment fund system [4] - The initiative aims to improve the financial ecosystem by establishing a bad asset trading center and enhancing financial arbitration and mediation mechanisms [4]

Core Viewpoint - The Bank of China Beijing Branch has effectively aligned its operations with the national strategy and the capital's development needs during the "14th Five-Year Plan" period, focusing on technology finance, green finance, cross-border finance, and addressing key social demands, thereby delivering high-quality results in supporting the capital's development [1][2][6]. Group 1: Technology Finance - The Bank of China Beijing Branch has established a three-tier service system for technology finance, including 17 specialized outlets, to comprehensively cover the service needs of innovation enterprises in the capital [2][4]. - Innovative financial products such as "Innovation Star Loan," "Specialized and New Loan," and "Entrepreneur Loan" have been launched to address the unique challenges faced by technology enterprises, particularly those with asset-light characteristics [4][5]. - The branch has actively participated in major innovation forums and customized financial products to support high-quality entrepreneurial projects in Beijing [2][4]. Group 2: Green Finance - The Bank of China Beijing Branch has developed a comprehensive green finance service system, establishing a green financial working group to provide specialized services across various sectors [6][8]. - The branch has implemented targeted credit policies for industries such as hydrogen energy and new energy vehicles, ensuring that financial support reaches green industries effectively [6][8]. - By the end of Q3 2025, the balance of green upgrade projects in infrastructure exceeded 200 billion yuan, demonstrating the branch's commitment to supporting sustainable development [8]. Group 3: Cross-Border Finance - The Bank of China Beijing Branch has enhanced cross-border financial services by launching various convenient settlement products, facilitating trade and investment for enterprises [11][12]. - The branch has pioneered several industry-first initiatives, including the establishment of a cross-border dual-currency cash pool and the first full RMB capital injection for foreign financial institutions in the region [12]. - A new innovative service product, the "Mifang Card," has been developed to enhance payment convenience for foreign visitors, integrating payment, communication, and travel needs [13]. Group 4: Social Responsibility and Inclusive Finance - The Bank of China Beijing Branch has introduced diverse financial products and services to meet the needs of the public, particularly in areas like rural revitalization and individual entrepreneurship [16][17]. - The branch has successfully supported small and micro enterprises with loans exceeding 80 billion yuan by the end of September 2025, addressing their financing challenges [17]. - Initiatives in the elderly care sector have been implemented, including the launch of various age-friendly products and the organization of financial literacy events to enhance the quality of life for senior citizens [18]. Group 5: Cultural and Community Support - The Bank of China Beijing Branch has actively engaged in cultural projects, providing financial support for the renovation of cultural sites and promoting cultural enterprises through optimized processes and reduced fees [19]. - The branch has established a one-stop service system to assist cultural enterprises in securing financing and connecting with resources, thereby enhancing the cultural industry's development [19]. - The bank's efforts in supporting cultural heritage and tourism projects have contributed to enriching the spiritual and cultural needs of the capital's residents [19].

导语：近年来，银行系险企以科技金融为核心牵引，探索出一条从企业风险保障、人才稳定机制，到 产业投资支持，再到数字化服务体系的完整价值链条。 在行业转型的关键时期，银行系险企以其多维整合能力，为探索高质量发展路径提供了一个具有 现实意义的锚点。 在人身险行业受 " 报行合一 " 政策重塑、预定利率下调倒逼转型、市场竞争从 " 产品定价 " 转 向 " 服务能力 " 的关键阶段时期，传统依赖规模扩张与渠道驱动的发展模式已难以为继。在此 背景下，兼具 " 场景化服务创新 "" 民生需求响应 "" 国家战略落地 " 资源整合能力与创新活力 的市场主体，更易凸显竞争优势。 中央金融工作会议以来，金融行业的功能边界持续拓展，围绕科技金融、绿色金融、普惠金融、 养老金融、数字金融构成的"五篇大文章"，业已成为保险业理解自身定位、重塑经营逻辑的战略 框架。 在新周期中，风险保障、长期资金供给与公共服务三项基本职能被同步强化，而保险机构在经济 结构调整中的前置作用也被进一步凸显。 从资金规模、久期结构到风险承受能力，保险资金的独特属性使其能够深入产业链关键环节，为 科技创新、绿色转型、城乡协调、人口老龄化应对和数字化发展提供全 ...

"我将以更加饱满的热情、更务实的作风投身于金融惠民的征程中" 会议提出的"必须充分挖掘经济潜能，必须坚持政策支持和改革创新并举"等重要认识，以及持续扩大内 需、发展新质生产力、防范化解重点领域风险等重点任务，在银行系统基层工作人员中引发广泛热议。 广大基层金融从业者纷纷表示，将深入学习贯彻会议精神，立足本职岗位，把思想和行动统一到党中央 决策部署上来，以务实举措服务实体经济高质量发展，为实现"十五五"良好开局贡献金融力量。 "学习中央经济工作会议精神，让我对当前经济形势有了更深刻的认识，也进一步明确了后续工作努力 方向。"工商银行北京分行海淀支行员工、北京市劳动模范杨爱军表示，将以会议精神为指引，更好地 发挥专业能力，持续推动金融科技成果转化，提高服务小微、科技企业的效率。 围绕会议部署的八大重点任务，银行基层工作人员也结合岗位实际，在服务实体经济、科技创新、绿色 发展等关键领域找准发力点，将会议精神转化为具体工作举措。 本次中央经济工作会议将"坚持内需主导，建设强大国内市场"排在各项重点工作首位，扩大内需被赋予 了越发重要的角色，这为银行业"以旧换新"相关金融产品的拓展提供了更为广阔的市场空间，也为银行 业 ...