党的二十届四中全会，是在以中国式现代化全面推进强国建设、民族复兴伟业关键时期召开的一次重要 会议，审议通过的《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》（下称"十五 五"规划建议），系统谋划了我国"十五五"时期发展的战略蓝图，其中明确提出加快建设金融强国，为 金融工作开启新征程、续写新篇章提供了根本遵循和行动指南。作为现代金融体系的重要组成部分，期 货市场应积极发挥发现价格、管理风险、配置资源功能，深化业务转型升级，创新衍生品服务模式，将 专业优势转化为服务实体经济的具体实践。 2024年，国务院办公厅转发中国证监会等部门的《关于加强监管防范风险促进期货市场高质量发展的意 见》（下称《意见》），勾勒出了我国期货市场中长期发展的新路径。深入贯彻落实党的二十届四中全 会精神，全面落实《意见》部署，是期货行业当前和今后一个时期把准方向、谋划发展、推动实践的根 本指引。作为国有金融企业，宏源期货坚决把思想和行动统一到习近平总书记重要讲话精神和全会决策 部署上，深刻领会核心要义，准确把握实践要求，积极推动党的二十届四中全会精神和《意见》要求落 到实处，聚焦主责主业，坚持服务实体经济，主动对接服务国家战略 ...

Core Viewpoint - The article emphasizes the importance of developing various financial sectors, including technology finance, green finance, inclusive finance, pension finance, and digital finance, to support the construction of a strong financial nation and facilitate economic development [2][3]. Financial "Five Articles" - The "Five Articles" focus on enhancing financial support for achieving high-level technological self-reliance, promoting green transformation, improving the inclusive financial system, developing a pension financial system, and advancing high-quality digital finance [3][4]. - The implementation of digital technology in financial services is highlighted, with eight key areas identified for development, including the establishment of big data collections for tech enterprises and optimizing green finance service models [3][4]. Low-altitude Economy - The low-altitude economy is identified as a new industry with high growth potential but also high risks, necessitating a comprehensive financial service system that caters to its unique characteristics [5][6]. - Guangdong Province has seen its low-altitude economy output exceed 100 billion yuan, prompting the introduction of the "Twelve Articles" to support the development of this sector through various financing channels [5][6]. Financial Products and Services - The "Twelve Articles" encourage the development of financial products that cover the entire lifecycle of low-altitude economy enterprises, including differentiated cash flow valuation models and support for venture capital in "hard tech" projects [6][7]. - Financial institutions are urged to create specialized service teams and innovative financial products tailored to the needs of the low-altitude economy [7][8]. Policy Coordination - The article stresses the need for coordinated efforts among various financial policies to create a conducive environment for the "Five Articles," with a focus on optimizing risk-sharing mechanisms and enhancing financial support for key economic strategies [8][9]. - As of September 2025, structural monetary policy tools supporting the "Five Articles" amounted to 3.9 trillion yuan, with significant growth in technology and green loans [9].

Core Insights - The global trade and financial system is at a historic crossroads, with the digital revolution reshaping industry and finance, making cross-border data flow the "new oil" driving international trade growth [1][2] - The traditional centralized Public Key Infrastructure (PKI) is increasingly seen as a barrier to the free flow of data, revealing structural flaws that hinder global digital trade [2][4] - A shift towards a decentralized trust model, exemplified by China's CCKS technology, is essential for establishing a new digital infrastructure that ensures data security and respects national sovereignty [3][9] Group 1: Trust Crisis in Global Trade - The centralized PKI system, reliant on a few Certificate Authorities (CAs), is facing structural challenges, including high operational costs and vulnerability to geopolitical influences [2][4][7] - The complexity and cost of maintaining trust chains in cross-border transactions are exacerbated by the reliance on a centralized model, leading to systemic risks [6][8] - The concentration of trust in a few entities creates significant risks, as evidenced by past security breaches that have compromised global trust [6][7] Group 2: Paradigm Shift with CCKS Technology - CCKS represents a revolutionary shift in digital trust, moving from centralized trust institutions to algorithm-based trust, which enhances security and reduces costs [3][9] - The CCKS system provides a unique digital identity for all entities, ensuring authenticity and integrity in data exchanges, thus laying the foundation for a new digital economy [9][10] - CCKS promotes an "inherent security" approach, enabling secure data transactions even in offline scenarios, which is crucial for maintaining trade continuity [10][12] Group 3: Evolution of International Standards - Historically, international standards in the digital domain have been dominated by Western countries, creating a "standard hegemony" that limits the participation of emerging economies [14][15] - China's initiative to develop a series of ISO standards in digital fields aims to create a more balanced international standard system, reflecting diverse needs and enhancing global cooperation [16][20] - These standards, based on CCKS technology, facilitate secure and efficient data flow, providing a framework for global digital trade and addressing long-standing issues of trust and efficiency [22][24] Group 4: Restructuring Digital Financial Infrastructure - Traditional financial infrastructures face challenges such as high transaction costs and exclusion of unbanked populations, necessitating a new approach to digital finance [26][27] - CCKS technology addresses these challenges by enabling secure, low-cost digital wallets and payment networks that can operate efficiently in various environments [33][36] - The integration of CCKS with advanced technologies allows for the creation of a robust digital currency platform that meets the demands of modern trade while ensuring security and inclusivity [38]

中经记者 张漫游 北京报道 随着2026年1月1日起，数字人民币钱包余额将按照银行活期存款挂牌利率计付利息，数字人民币进入 2.0时代，"数字人民币"骗局随之升级。 近期，多地人民银行分支机构发布消息称，有不法分子借"数字人民币推广"之名实施的诈骗行为同步升 级，其手段更隐蔽、迷惑性更强，严重威胁群众财产安全与金融市场秩序。 郭涛补充道，这类新骗局除绑定央行信用背书，伪造官方文件或名义，利用公众对法定货币的信任降低 警惕，还借新事物认知差，混淆数字人民币与虚拟货币，用"数字金融""区块链"等热词制造迷雾。同 时，场景更精准，结合数字人民币支付、钱包开通等实际使用场景设计骗局，隐蔽性更强；工具也更具 针对性，即专门伪造数字人民币相关App、验证流程，迷惑性远超传统虚假理财平台。 假冒官方 嫁接红利 近期，多地人民银行分支机构发布信息称，日前有不法分子借"数字人民币推广"之名，在微信公众号、 视频号、抖音、小红书等网络平台发布虚假消息和联系方式，以"高额回报"等为诱饵，诱导用户加入聊 天群组，并通过"考试""会议课程"等形式洗脑，进而诱导用户"拉人头"发展下线，企图实施诈骗或传 销。此类行为严重侵害群众财产安全与 ...

金融科技ETF华夏紧密跟踪中证金融科技主题指数，截至2025年12月31日，中证金融科技主题指数(930986)前十大权重股分别为东方财富(300059)、同花顺 (300033)、指南针(300803)、恒生电子(600570)、润和软件(300339)、东华软件(002065)、新大陆(000997)、广电运通(002152)、银之杰(300085)、四方精创 (300468)，前十大权重股合计占比51.09%。 截至2026年1月6日 14:33，中证金融科技主题指数强势上涨4.38%，成分股星环科技20.00CM涨停，同花顺上涨10.82%，大智慧10CM涨停，指南针、财富趋 势等个股跟涨，金融科技ETF华夏(516100)上涨4.35%， 冲击8连涨。 资金流入方面，金融科技ETF华夏近19个交易日内有10日资金净流入，合计"吸金"2911万元。 相关分析指出，金融IT领域受数字人民币升级驱动迎来系统迭代需求，央行出台启动数字人民币2.0 版，推动数字人民币在付息并可以自主开展资产负债经 营管理；第三方支付领域在跨境业务获得多重政策支持，通过多种方式强化风险防控与效率，数字金融服务平台搭建及与多国地 ...

Group 1 - The "Qihang·2025 Financial Summit" was held in Beijing, focusing on the theme of "New Starting Point, New Momentum, New Journey," gathering hundreds of guests from various sectors to discuss development paths for the "14th Five-Year Plan" [1] - The "Golden Wisdom Award" was announced, with China Minsheng Bank receiving the "Outstanding Credit Card Brand Value Award" for its continuous efforts in brand building and value innovation [1][6] Group 2 - The "Golden Wisdom Award" aims to establish benchmarks for high-quality development, guiding enterprises to focus on their core business, promote innovation, and fulfill social responsibilities, covering over 8,000 companies in A-shares, Hong Kong stocks, and Chinese concept stocks [6] - The award for "Outstanding Credit Card Brand Value" emphasizes comprehensive brand strength, including market recognition, product service innovation, industry influence, and social responsibility [6] Group 3 - China Minsheng Bank adheres to its mission of "serving the public and caring for people's livelihoods," integrating national strategies with public service to enhance brand value through five major initiatives [7] - The bank is focusing on technological innovation to upgrade services, incorporating low-carbon concepts into products, offering customized services for public welfare finance, optimizing services for the elderly, and enhancing digital financial services [7] - Through these innovative measures, the bank's credit card services have evolved from a single payment tool to a "finance + service" ecosystem, achieving a systematic leap in brand value [7] - Looking ahead, China Minsheng Bank will continue to implement its five major initiatives, further optimizing its consumer finance service system and enhancing the effectiveness of services for the real economy [7]

2025年，是中国金融业深化改革、稳中求进的关键之年。作为甘肃省唯一法人券商，华龙证券在服务区 域经济发展、拥抱资本市场变革中留下了坚实的足迹。这一年，公司经历了重要的领导层交接，在"十 四五"收官与"十五五"谋划之际，实现承前启后的过渡，迎来了新任掌门人。近日，华龙证券股份有限 公司党委书记、董事长王锡真接受了中国证券报记者的专访，深入阐述了公司"深耕甘肃、立足西北、 放眼全国"的战略思考与"行稳致远"的经营哲学。 文化的最终落脚点是"人"。华龙证券通过系列论坛、精准培训和完善的"引育用留"人才链条，不仅打造 一支政治素质过硬、本领高强的队伍，更营造一种"家文化"般的归属感与责任感。"只有当每位员工都 认同'诚信为本、服务至上'的核心价值观，并对其感到自豪时，我们传递给客户的才不仅仅是产品，更 是值得托付的信任。"王锡真表示。 做好金融"五篇大文章" 谈及未来华龙证券的发展战略，王锡真的思路清晰而坚定。他用"聚焦"二字概括了新班子的工作方向， 即聚焦主责主业、聚焦目标任务、聚焦深化改革。而这一切的最终目标，就是扎实做好中央金融工作会 议部署的科技金融、绿色金融、普惠金融、养老金融、数字金融这"五篇大文章"。 ...

● 本报记者 何昱璞 2025年，是中国金融业深化改革、稳中求进的关键之年。作为甘肃省唯一法人券商，华龙证券在服务区 域经济发展、拥抱资本市场变革中留下了坚实的足迹。这一年，公司经历了重要的领导层交接，在"十 四五"收官与"十五五"谋划之际，实现承前启后的过渡，迎来了新任掌门人。近日，华龙证券股份有限 公司党委书记、董事长王锡真接受了中国证券报记者的专访，深入阐述了公司"深耕甘肃、立足西北、 放眼全国"的战略思考与"行稳致远"的经营哲学。 厚植中国特色金融文化根基 华龙证券的股权结构清晰地界定了其发展起点：国有股占比61.18%，是甘肃省属国有金融企业。"我们 是'甘肃人民自己的券商'。"王锡真表示，"这不仅仅是一个市场身份，更是一份责任担当。" 色转型的"生态引擎"。在普惠金融方面，公司不仅通过创新债券工具缓解中小微企业融资难题，更将投 资者教育的课堂开到乡村集市，采用"乡村大喇叭"等接地气的方式，让金融知识惠及民生。 这种责任感，源于对金融功能性的重新认识。在他看来，新时期的金融机构，尤其是植根地方的券商， 必须强化服务实体经济、赋能区域发展的功能。华龙证券提出"深耕甘肃、立足西北、放眼全国"的战略 布局 ...

Core Viewpoint - The article emphasizes the importance of the public fund industry in China's financial development, highlighting the shift from scale-driven growth to return-oriented strategies, as outlined in the recent government guidelines and action plans [1][2][7]. Group 1: Industry Development and Strategy - The "15th Five-Year Plan" includes the goal of building a strong financial nation, marking the first time this concept has been included in such a plan [1]. - The "Action Plan" aims to deepen reforms in the public fund industry, promoting high-quality development through institutional restructuring [1][2]. - The public fund industry is experiencing significant growth opportunities amid intensified competition, necessitating differentiated product offerings and development paths [1][2]. Group 2: Investment Focus and Capabilities - The company has established a diverse equity investment team focused on emerging industries such as high-end manufacturing and technology growth, aligning with national strategic goals [2]. - The company has made significant investments in sectors related to carbon neutrality, new energy, chips, and artificial intelligence, facilitating capital flow into strategic technology innovation industries [2][3]. - The company has developed a "consensus asset system" to enhance research capabilities and actively contribute to value discovery and resource allocation in the public fund industry [2]. Group 3: Green Finance and ESG Initiatives - The company integrates green investment into its strategic development plan, focusing on clean energy and environmental protection [3]. - As a member of the "Green and Sustainable Investment Committee," the company has established a structured ESG investment system and is actively investing in leading green enterprises [3]. Group 4: Product Development and Investor Focus - The company maintains a "basic product supplier" positioning, ensuring clear return characteristics and stable investment strategies [4]. - The company has reduced management fees for several products to lower investment costs for investors, emphasizing investor interests [4]. Group 5: Pension Finance and Digital Transformation - The company is exploring personal pension products to provide stable investment tools for residents, aligning with national pension system goals [5]. - The company is enhancing its digital financial capabilities through the WISE investment decision support platform, which integrates research, operations, and risk control [6]. - A smart compliance risk management system has been developed to improve risk management efficiency and support business development [6]. Group 6: Future Directions - The company aims to continue its commitment to being a "basic product supplier" while pursuing differentiated development paths, focusing on professional research and optimizing investor experiences [7]. - The company is dedicated to contributing to the transformation of the public fund industry from scale-driven to return-oriented growth, supporting the real economy and enhancing residents' wealth [7].

Core Viewpoint - The report released by the China Internet Association highlights the comprehensive strength of Chinese internet companies, with Mashang Consumer ranking 40th nationally, being the only company from Chongqing in the top 50, marking its fifth consecutive year on the list [1][3]. Group 1: Company Performance - Mashang Consumer has been recognized as a leading digital finance enterprise in Chongqing, reflecting its operational quality, financial technology strength, and social responsibility [3]. - The company has accumulated nearly 12 billion yuan in taxes over its 10 years of operation and has served over 220 million users [3]. - Mashang Consumer has consistently ranked among the top 500 service enterprises in China and the top 100 enterprises in Chongqing for seven consecutive years [3]. Group 2: Innovation and Technology - The company emphasizes a "fully closed-loop capability, fully independent technology" development path, enhancing the quality and efficiency of financial services through digital empowerment [3]. - Mashang Consumer has invested over 6 billion yuan in research and development, applied for over 2,900 invention patents, and ranks among the top ten financial institutions in terms of patent quantity [3]. Group 3: Social Responsibility - The company has integrated social responsibility into its core operations, establishing the industry's first independent charity foundation [4]. - Its "Find a Job" platform has provided comprehensive employment support, successfully introducing jobs to 91,000 users [4]. - The "Fuhuiyang" smart breeding project has been recognized as a typical case by the Ministry of Agriculture and Rural Affairs and CCTV [4]. Group 4: Future Outlook - Standing at a new starting point after five consecutive years on the top 100 list, Mashang Consumer aims to continue its focus on Chongqing, driving the popularization, digitization, and quality enhancement of digital finance [4].