Core Viewpoint - The "15th Five-Year Plan" for Shanghai aims to accelerate the construction of a world-influential socialist modern international metropolis, emphasizing the importance of the "Five Centers" in achieving national strategies and ensuring national security [1][2]. Group 1: Five Centers Development - The "Five Centers" are crucial for Shanghai's modernization, focusing on enhancing the city's capabilities and core competitiveness through innovation and coordinated development [2][3]. - The plan outlines systematic deployments to elevate Shanghai's status as an international economic center, enhance its international financial competitiveness, upgrade its international trade center, build a leading global shipping center, and strengthen its role as an international technology innovation hub [2][3]. Group 2: Modern Industrial System - The proposal emphasizes constructing a "2+3+6+6" modern industrial system, with advanced manufacturing as the backbone, aiming to create world-class high-end industrial clusters and promote the "Shanghai Manufacturing" brand [4]. - Traditional industries are encouraged to undergo digital and green transformation, leveraging artificial intelligence to enhance design, optimize production processes, and improve operational efficiency [4]. - The plan highlights the development of three leading industries over the next five years, focusing on integrated circuit equipment, innovative pharmaceuticals, and comprehensive advancements in artificial intelligence [4].

Core Insights - Shanghai's Putuo District is actively integrating into the global financial technology center, focusing on cultivating the technology finance industry, which includes sectors like loan assistance platforms, securities investment consulting, and financing leasing [1][2] - By 2025, the technology finance industry in Putuo is projected to generate a total tax revenue of 5.802 billion yuan, representing a 191.75% increase compared to the end of the 13th Five-Year Plan, significantly contributing to the regional economy [1] - The establishment of a dispute resolution center for the technology finance industry aims to enhance the business environment and service system, with a successful mediation rate of 78.7% for the cases handled [2] Industry Development - The technology finance industry has been included in Putuo's "14th Five-Year" planning as one of the three emerging sectors expected to reach a scale of 100 billion yuan [2] - The securities investment consulting sector has seen a concentration of 8 related enterprises, accounting for 26% of the total in Shanghai, with a projected tax revenue exceeding 1 billion yuan by 2025, marking a 107.25% increase from the previous year [1] Brand and Promotion Activities - High-frequency and high-standard industry events are being organized to enhance Putuo's influence in the technology finance sector and attract capital [3] - Events such as the 2025 Cross-Border Financial Services Conference and the 2025 Technology Finance and Industry Innovation Conference are aimed at connecting industry resources and facilitating precise investment attraction [3] Future Plans - Putuo District plans to deepen industry research and build specialized clusters, focusing on areas like smart investment advisory and inclusive lending to create a differentiated competitive advantage in Shanghai [4] - The district aims to strengthen project tracking and resource matching, leveraging opportunities such as the establishment of a digital RMB international operation center [4] - The technology finance industry dispute resolution center will expand its functions to include a mediation committee for the financing leasing sector, aiming to create a multi-faceted dispute resolution framework [4]

第 542 期 2026-01-19 焦点关注 交易商协会：2025年自律处分143家（人）次，覆盖结构化发行、募集资金管理等五大重点领域 2025年，交易商协会在人民银行指导下强化银行间债券市场自律管理，全年作出自律处分143家（人） 次，覆盖新型违规、结构化发行、交易违规、信息披露与募集资金管理等五大重点领域：首次查处金融 债低价承销、债券代持协助非市场化发行、评级机构失职、母子公司协同违规及承销与贷款业务未隔离 等新型问题；集中惩戒44家结构化发行机构，发挥警示效应；对32家交易违规机构处分，涵盖操纵价 格、利益输送、代持等行为，并整治货币经纪行业；专项排查城投等平台企业挪用募集资金等问题，处 分20家相关主体。 2025年PPN平均发行利率2.52％！较2024年下行43BP 2025年，交易商协会积极稳妥推动债务融资工具定向发行市场高质量发展，全年服务各类企业注册定向 发行债务融资工具1.24万亿元，发行1.1万亿元，存量2.4万亿元，占债务融资工具市场整体的14%。 2025年PPN平均发行利率2.52％，较2024年下行43BP。 宏观动态 央行开展1583亿元7天逆回购操作，净投放722亿元 ...

编者按 当前，资本市场改革持续深化，证券行业正处在乘势而上、建设一流投资银行和投资机构的关键战略机 遇期，学习、宣传、贯彻党的二十届四中全会精神是当前和今后一个时期的重要政治任务。为此，中国 证券报联合中国证券业协会推出"证券公司学习宣传贯彻党的二十届四中全会精神"系列专题报道，聚焦 证券公司在强化功能发挥、提升专业能力、推进差异化发展、筑牢合规风控底线、厚植行业文化底蕴等 方面的实践探索与丰硕成果，生动展现证券公司作为资本市场重要践行者、改革排头兵、服务主力军的 责任担当与时代作为。本篇为系列报道第八篇。 传承招商局的百年血脉，勇立改革开放的时代潮头，招商证券（600999）自1991年成立以来，始终与中 国资本市场同生共长，砥砺前行。三十余载风雨兼程，公司逐步发展成为全牌照、多元化的综合型头部 券商，在波澜壮阔的时代变局中，招商证券始终秉持"励新图强，敦行致远"的核心价值观，以专业能力 引领行业进步，以金融报国践行使命担当，持续书写着一部与时代同频、与家国共进的厚重篇章。 "道阻且长，行则将至；行而不辍，未来可期。"站在"十五五"开局的起点，新征程的画卷已徐徐展开。 日前，招商证券党委书记、董事长霍达在接 ...

中证报中证网讯（记者 谭丁豪）在加快建设金融强国、打造强大资本市场的时代背景下，证券公司精 准服务实体经济、赋能新质生产力成为核心命题。首创证券（601136）日前表示，作为北京市属控股上 市券商，公司坚守"金融首善，创享美好"使命，锚定北京根据地战略，紧扣首都"四个中心"功能建设， 为市属国企、中央在京企业及专精特新民营企业提供全方位综合金融服务。 2025年，首创证券通过债券融资、资产证券化、股权融资等多元渠道，累计引导256亿元金融"活水"精 准灌溉首都实体经济，以专业效能与责任担当，为企业创新、产业升级注入强劲动力，助力首都经济高 质量发展。 筑牢企业发展资金根基 "公司以多元化融资工具为抓手，针对不同企业需求提供定制化服务，实现金融资源精准滴灌。"首创证 券表示，在债券融资领域，公司秉持"首善标准"深耕北京大中型国企服务，拓展合作深度与广度，通过 灵活融资工具助力企业盘活存量、优化结构。2025年，公司作为主承销商为京投公司、京能集团、首钢 集团等重点企业完成债券融资89亿元，较去年增长24亿元，增幅达37%；同时聚焦科技创新领域，发行 科技创新公司债券53亿元，资金定向支持科创企业研发、轨道交通建 ...

岁序更替，华章日新。当2026年的晨光洒满神州，中国经济在高质量发展的航道上稳健前行。党的二十 届三中全会擘画的"积极发展普惠金融、数字金融、科技金融、绿色金融"蓝图，已成为金融行业服务实 体经济的行动纲领。 作为金融服务实体经济的践行者，平安融易锚定国家战略方向，以金融筑基、责任担当为理念，在普惠 金融沃土上深耕细作；在数字金融领域中高质量发展；在科技金融赛道上加速奔跑；在绿色金融浪潮中 勇立潮头，用坚实的实践成果、鲜活的服务案例，为"五篇大文章"写下了生动注脚，为中国式现代化注 入金融动能。 普惠金融：精准滴灌，润泽实体经济"毛细血管" 普惠金融是滋养小微企业、激活地方经济的"源头活水"。平安融易深刻理解"小微活则经济活"的要义内 涵，打破传统金融服务壁垒，将"省心、省时又省钱"的服务理念转化为看得见、摸得着的实际成效，让 金融活水精准滴灌至经济社会的下沉领域与关键环节。 在江苏，淮安的小微企业主赵女士从初创时十几万元授信起步，随着经营规模扩大与纳税增长，平安融 易依托AI技术动态评估信用，在销售旺季精准投放74.7万元融资支持，配套优惠利率与灵活还款政策， 让企业在发展关键期轻装上阵；在重庆，"忆八时火 ...

按照公开履历，熊焘2002年加入工商银行广东省分行，职业履历路径也比较清晰。2007年前后，他从授 信审批部转岗至投资银行部，并逐步升任该部副总经理、总经理。他也有二级分行的历练，曾先后担任 河源分行行长、东莞分行行长等职。2023年，他出任工行广东省分行副行长，期间曾兼任广州分行行 长。 南都湾财社记者注意到，熊焘是一位从工行成长起来、拥有丰富的对公业务和分行管理经验，其任命成 为工行在关键区域进行的一次重要人事布局。 实际上，工行广东省分行是工行体系的一面旗帜。按照其官网描述，广东省分行是工行系统最大的省级 分行，个人客户接近8000万，对公客户为138万。 一纸批复，意味着"宇宙行"在深圳有了新动作。1月中旬，深圳金融监管局批复了"熊焘中国工商银行深 圳市分行行长任职资格"，这意味着深圳工行"掌门人"正式落定。南都湾财社记者注意到，早在2025年 底，深圳工行已经"换将"，原分行行长董建军调任总行战略管理与投资者关系部总经理，其职位由工行 广东省分行副行长熊焘接任。 截至2025年2月末，深圳工行科技企业投融资余额超1500亿元，累计为超15000家科技企业提供全方位金 融支持，聚焦机器人、人工智能等硬 ...

编者按：科技赋能产业，金融激活创新。2025 年 9 月，在广东省人工智能与机器人产业创新发展工作领导小组办公室、广东省科技厅、中国人民银行广东 省分行的指导下，民生银行广州分行携手南方财经全媒体集团、广东基金业协会联合发起 "广东省人工智能与机器人产业投融资大调研"，联动专业智库与 投资机构深入产业链一线摸排科创企业融资难点，并快速匹配金融服务，这也是该行践行科技金融战略的生动实践和具体缩影。近年来，民生银行广州分行 以全周期金融服务赋能湾区科创，用专业力量为新质生产力培育注入动能，助力科创蓝图落地生根。 本篇是 "科创湾区 民生同行——民生银行广州分行全周期赋能科技创新深调研" 第二篇。 为此，民生银行广州分行持续开展"走进园区"系列活动，通过举办金融讲座、政策沙龙、专业培训等多种形式的非金融服务，与园区企业保持高频、深度的 互动，旨在成为企业成长道路上可信赖的"金融挚友"。 深度一线服务模式让需求对接更精准、响应更高效，切实解决科技型企业的融资痛点。 南方财经记者 庞成 科技产业园区作为产业聚集的核心载体，是金融助力广东省现代化产业体系建设的关键抓手与实践阵地。 近年来，民生银行广州分行紧密围绕广东省内 ...

Core Viewpoint - The development of technology insurance is accelerating under the dual drive of policies and industries, showcasing its important value in supporting high-level technological self-reliance and innovation [1][2]. Group 1: Industry Growth and Policy Support - Technology insurance is increasingly recognized as a foundational tool in the technology financial system, with a reported 30% year-on-year growth in premium income for the first three quarters of 2025 [2]. - The Chinese government has issued policies to enhance the insurance product and service system covering the entire lifecycle of technology enterprises, aiming for expansion, quality improvement, and efficiency enhancement in technology insurance over the next five years [2][3]. Group 2: Local Initiatives and Innovations - Various local governments are actively supporting the implementation of technology insurance, with Shanghai introducing a unique "Shanghai Science Points" system for precise pricing based on innovation capabilities [3]. - New products such as "Qin Science Insurance" in Shaanxi and premium subsidies for major technological equipment in Beijing are examples of localized efforts to enhance technology insurance offerings [3][4]. Group 3: Challenges and Market Demand - Despite advancements, there are challenges such as weak awareness of insurance among technology enterprises, which often prioritize financing over risk management [5]. - The supply side faces issues like product homogeneity and insufficient customized offerings for emerging technologies, indicating a misalignment between service capabilities and market needs [6]. Group 4: Future Directions and Innovations - To overcome development bottlenecks, technology insurance must enhance its capabilities across multiple dimensions, including talent development, technology investment, and product innovation [6][7]. - The industry is encouraged to create more adaptable and customized insurance products while exploring collaborative risk-sharing platforms involving government, research institutions, and enterprises [7][8]. Group 5: Transitioning Roles in Risk Management - Insurance companies are urged to shift from being mere risk bearers to proactive risk managers, integrating risk reduction services into their offerings [8]. - Establishing deep collaborative mechanisms with cybersecurity firms and technology enterprises is essential for real-time risk monitoring and embedding risk prevention measures into operational processes [8].

记者从江苏金融监管局获悉，近日，江苏金融监管局、江苏省科学技术厅、江苏省发展和改革委员会、江苏省工业和信息化厅、中共江苏省委金融委员会 办公室、江苏省财政厅、江苏省知识产权局联合制定了《江苏银行（600919）业保险业支持科技创新与产业创新深度融合行动方案》（简称《行动方 案》）。 《行动方案》从提升专业服务能力、创新产品服务体系、加强重点领域支持、推动外部协作支持四个方面提出15项重点任务。 其中，提升专业服务能力方面，提出完善组织架构体系、优化激励约束机制、探索专属评价体系、强化数字技术赋能、完善专项风险管控5项任务；创新 产品服务体系方面，提出推进科技金融政策试点扩围增效、加大科技信贷投放力度、优化科技保险保障服务、深化综合金融产品服务4项任务；加强重点 领域支持方面，提出支持科技创新研发和成果转化、支持强化企业科技创新主体地位、支持加快现代产业体系建设、支持打造国家和区域科技创新"高 地"4项任务；推动外部协作支持方面，提出推进信息共享和专项对接、健全科技金融奖补机制2项任务。 《行动方案》强调，要加强组织保障。 近年来，江苏金融监管局坚持试点探路、多方联动，以机制建设为抓手，引导银行业保险业聚焦科技 ...