近日，中共镇江市委召开党外人士座谈会，深入学习贯彻中共二十届四中全会精神，进一步发扬民 主、集思广益，就《中共镇江市委关于制定镇江市国民经济和社会发展第十五个五年规划的建议》，征 求各民主党派市委会、市工商联负责人和无党派人士代表的意见建议。市委书记马明龙主持会议并讲 话。 会上，各民主党派市委会、市工商联负责人和无党派人士代表围绕镇江"十五五"时期高质量发展主 题分别发言，并就构筑营商环境新高地、以人工智能赋能镇江教育发展、促进智能医疗器械创新发展、 以改革创新思维助推民营经济发展、推动人口结构优化激发城市发展内生动力、以AI赋能眼镜产业打 造智能制造升级版、强化金融赋能推进科技中小企业发展、拓展双向投资合作新空间促进民营经济高质 量发展、探索城市更新高质量发展"镇江路径"等提出意见建议。 马明龙认真听取发言，充分肯定今年以来市各民主党派、市工商联和无党派人士主动融入全市中心 大局，凝聚共识有高度、服务发展有力度、参政议政有深度、服务民生有温度，推动全市高质量发展迈 出坚实步伐。他指出，"十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期，希望 市各民主党派、市工商联和无党派人士将学习贯彻中共 ...

Core Insights - The "14th Five-Year Plan" emphasizes the construction of a modern industrial system as a primary strategic task, marking a shift from isolated technological breakthroughs to systematic industrial upgrades [4][10] - The new energy industry is transitioning from focusing on installed capacity to establishing a "source-network-load-storage" collaborative system, emphasizing dynamic balance between production and consumption [4][18] - The aerospace sector is developing a dual-driven model of national engineering and commercial spaceflight, with large aircraft industrialization and commercial spaceflight jointly promoting the scale and capability of the industrial chain [4][35] - Future industries such as 6G and quantum technology place China in the global leading tier of R&D, aiming to seize the high ground in technology standards and industrial ecosystems through forward-looking layouts [4][61] - The transformation of traditional industries emphasizes not only greening and intelligentization but also explicitly promotes "service-oriented manufacturing," guiding the manufacturing sector to extend services throughout the product lifecycle [4][93] Emerging Pillar Industries - The cultivation of emerging pillar industries is positioned as a core strategy for high-quality development, with a focus on sectors like aerospace and low-altitude economy that have industrialization foundations [14][35] - The new energy sector is expected to maintain a leading global position, with installed capacity projected to reach 1.41 billion kilowatts by the end of 2024, accounting for 83% of new installations [18][20] - The new materials industry is rapidly growing, with a total output value expected to exceed 8 trillion yuan by 2024, although about 30% of key high-end materials still rely on imports [29][30] Future Industries - Future industries represent cutting-edge directions, with a focus on quantum technology, biomanufacturing, hydrogen energy, brain-computer interfaces, and embodied intelligence [61][62] - The quantum technology sector is expected to grow significantly, with the global market projected to reach nearly 1 trillion USD by 2035, driven by advancements in quantum communication and measurement [64][66] - The biomanufacturing industry is anticipated to maintain rapid growth, with a total scale of approximately 1.1 trillion yuan, although it faces challenges in high-end industrial strains and precision technology [69][70] Traditional Industries - The modernization of traditional industries is crucial for maintaining competitiveness in global industrial division, with a focus on enhancing the self-controllability of industrial chains [93][94] - The transformation of traditional industries includes promoting digitalization and green initiatives, as well as extending manufacturing into service-oriented solutions [93][94] - The integration of emerging technologies into traditional industries is expected to create a resilient modern industrial system, laying a decisive foundation for achieving the goal of becoming a manufacturing powerhouse by 2035 [96]

Group 1 - The core viewpoint emphasizes the importance of investing in both material and human resources during the "15th Five-Year Plan" period, highlighting the need for comprehensive educational reforms to support innovation and development [1] - The "15th Five-Year Plan" aims to strengthen the foundation of education by focusing on the future, ensuring that current students are prepared to contribute to national rejuvenation [2] - Education is positioned as a key driver for social mobility, with a focus on improving the quality of employment for college graduates to expand the middle-income group [7] Group 2 - The article outlines the necessity of reinforcing the internal and external functions of education, emphasizing its role in supporting national development and technological advancement [2] - It discusses the importance of viewing Chinese education within a global context, advocating for high-level openness while promoting domestic innovation and talent cultivation [3] - The need for educational reforms to leverage technology is highlighted, with a focus on enhancing the understanding of technology among educators and students [4][6] Group 3 - The article stresses the significance of cultural confidence in education, arguing against a Western-centric view and promoting a diverse understanding of educational civilizations [4][5] - It points out that China's basic education has achieved levels comparable to high-income countries, suggesting a need to share these experiences globally [6] - The "15th Five-Year Plan" is seen as a critical period for vocational education to expand its influence and integration with industry [6][7]

中国共产党第二十届中央委员会第四次全体会议，于10月20日至23日在北京举行，全会审议通过了《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》。全会指出，实现社会主义现代化是一 个阶梯式递进、不断发展进步的历史过程，需要不懈努力、接续奋斗。"十五五"时期是基本实现社会主 义现代化夯实基础、全面发力的关键时期，在基本实现社会主义现代化进程中具有承前启后的重要地 位。 10月24日，中共中央在北京举行新闻发布会，介绍和解读党的二十届四中全会精神。 ...

会议期间，与会代表本着高度负责的态度，依次听取并审议通过了《上海市期货同业公会第七届理事会 工作报告》《上海市期货同业公会第七届监事会工作报告》《上海市期货同业公会第七届理事会财务收 支报告》《上海市期货同业公会换届选举工作情况报告》《上海市期货同业公会第八届理事会理事、监 事会监事选举办法》《上海市期货同业公会第八届理事会会长、副会长选举办法及秘书长聘任办法》 《上海市期货同业公会第八届监事会监事长、副监事长选举办法》《上海市期货同业公会换届选举大会 总监票人、监票人名单及产生情况说明》等文件，并以无记名投票方式分别选举产生了上海市期货同业 公会第八届理事会理事71名、第八届监事会监事5名。 依据既定议程，在第八届理事会第一次会议和第八届监事会第一次会议上，第八届一次理事会以无记名 投票方式选举上海东证期货有限公司总经理唐雷为公会第八届理事会会长，公会第八届理事会14名副会 长分别是（按会员类型再按单位名称拼音首字母排序）：东吴期货有限公司总经理施伟、光大期货有限 公司总经理苑文忠、国投期货有限公司董事长兼总经理黄军书、国信期货有限责任公司总经理黄巍、海 通期货股份有限公司董事长吴红松、海证期货有限公司董事 ...

Group 1 - China's economic focus is shifting towards high-tech industries, with electric vehicles now classified as a mature industry, indicating a transition to next-generation technologies like AI and quantum computing [1] - By 2025, sales of electric and hybrid vehicles in China are projected to reach approximately 16 million units, with electric vehicles expected to maintain a market share of over 50% [1] - The upcoming "15th Five-Year Plan" will no longer include "electric vehicles" in the strategic industry directory, signaling a comprehensive shift in development priorities [1] Group 2 - Germany's media reflects on its policy towards China, noting that China no longer views Germany as a dominant power, and calls for a more objective approach in bilateral relations [2] - China's domestic policies are set to implement more proactive fiscal measures, with a focus on increasing fiscal spending and enhancing policy precision and effectiveness [2] - The emphasis on fiscal support for high-tech, consumer, and livelihood sectors aligns with China's long-term goals of industrial upgrading and social welfare, providing a solid economic foundation for the "15th Five-Year Plan" [3]

Fixed Income - The bond market in 2026 is expected to perform better than anticipated, driven by a continuation of weak economic recovery and a divergence of new and old growth drivers, with infrastructure and real estate continuing to drag on the economy [9][12] - The central bank's monetary policy remains moderately accommodative, which is expected to keep social financing costs low and promote a reasonable recovery in prices [9][12] - The credit spreads for various sectors have shown mixed movements, with significant compression in the AA+ textile and apparel sector, while AAA real estate and AA+ pharmaceutical sectors have seen notable expansions [13][17] Construction and Building Materials - The construction sector is expected to experience a "spring surge" as the "14th Five-Year Plan" approaches, with significant government signals indicating a focus on urban renewal and housing security [20][21] - Key investment themes for 2026 include major national projects like the canal system and the Tibet railway, high-dividend low-valuation state-owned enterprises, and private construction firms leveraging cash flow in new sectors such as clean rooms and AI infrastructure [22][24] Pharmaceutical Industry - The pharmaceutical sector is anticipated to see concentrated catalysts in 2026, particularly in areas like brain-machine interfaces and AI medical technologies, with a focus on companies that have shown strong fundamentals and potential for recovery [25][27] - The brain-machine interface industry is highlighted as a key growth area, supported by government policies and clinical trials, with companies like Mai Lande and Meihua Medical recommended for investment [26][27] Commercial Aerospace - The commercial aerospace industry is poised for significant developments, with new listing standards for commercial rocket companies and a series of supportive government measures aimed at enhancing the sector's growth [31][32] - The cost competitiveness of China's commercial aerospace has improved, with private rockets nearing international standards, although there remains a gap compared to established players like SpaceX [31][32] New Consumption - The expansion of new consumption brands like Mixue Ice City and Huaxizi into international markets signifies a strategic move towards global brand recognition, with ongoing store openings in the Americas [4][5] - The pet market is also expanding, with companies like Lusi focusing on high-value product lines and stable relationships with core customers, indicating growth potential in both domestic and export markets [6]

Core Viewpoint - The Jiangsu Provincial Federation of Trade Unions held its 8th plenary session of the 15th committee, focusing on implementing the spirit of the 20th National Congress and planning for 2026, aiming to enhance the role of the working class and trade unions in promoting modernization in Jiangsu [1][2][3]. Group 1: Key Outcomes and Plans - The plenary session emphasized the importance of learning and implementing the spirit of the 20th National Congress and subsequent meetings, with a focus on strengthening the political direction of trade union work [3][4]. - The work report highlighted significant progress in various areas, including labor and skills competitions, the cultivation of skilled workers, and the enhancement of services for workers [2][4]. - The session outlined five key areas of focus for 2026, including deepening ideological work among workers, promoting labor competitions, enhancing worker services, and strengthening the role of trade unions in workforce development [5][6]. Group 2: Strategic Directions - The session called for a commitment to Xi Jinping's thought and the importance of political construction within trade unions, aiming to improve organizational strength and service capabilities [5][6]. - There is a clear directive to prioritize the needs of workers, ensuring that services are inclusive and responsive to new employment forms, while also maintaining political safety in the labor sector [5][6]. - The session concluded with a call for unity among trade union members to contribute to Jiangsu's modernization efforts, emphasizing the need for practical actions and accountability [6].

Investment Rating - The investment rating for the construction and decoration industry is "Positive" (maintained) [2] Core Views - The report emphasizes that the construction sector is expected to experience a "spring surge" as the "14th Five-Year Plan" approaches its start, with significant government support and infrastructure investment anticipated [3][4][10] - The report highlights that the investment pace in the early stages of the "14th Five-Year Plan" is likely to follow historical patterns, with a concentration of project launches and higher investment growth expected [4][10] - The construction sector is advised to focus on three core investment themes for 2026: major national projects, high-dividend state-owned enterprises, and private construction companies leveraging cash flow for new opportunities [5][19] Summary by Sections Policy Developments - The government is actively releasing positive signals regarding the "14th Five-Year Plan," focusing on high-quality development and major infrastructure projects [3][20] - The National Housing and Urban-Rural Development Conference has emphasized stabilizing the real estate market and accelerating the renovation of old urban areas [3][20] Market Performance - The report notes that the construction and decoration index rose by 2.26% during the week, with significant gains in sectors such as decoration and specialized engineering [6] - A total of 101 stocks in the construction sector saw price increases, with notable performers including Hainan Development (+56.46%) and Shanghai Bay (+44.35%) [6] Future Outlook - The report anticipates that the construction sector will see a resurgence in investment activity, particularly in traditional infrastructure such as railways and highways, as well as new infrastructure projects [4][10][14] - The focus on water conservancy and transportation infrastructure is expected to increase, with several provinces already initiating planning for these projects [13][14] - The report suggests that the construction sector will benefit from a shift towards new infrastructure and low-altitude economy projects, which are gaining traction in local planning [14][19]

为纪念中国与沙特阿拉伯建交35周年以及中沙人文交流年，由国家广播电视总局、上海市广播电视局指 导，上海广播电视台真实传媒有限公司敖雪工作室承制的中沙合作纪录片《未来之路》（1集*31分钟） 即将于12月30日晚10：00在东方卫视《新纪实》时段首播。 纪录片《未来之路》是2023年第六届中国-阿拉伯国家广播电视合作论坛合作项目，并入选国家广电总 局"丝绸之路视听工程"。 该片以沙特"2030愿景"为指引，聚焦两国在绿色低碳、经贸投资、文旅时尚等领域的双边合作与交流， 全方位地展现了中国是如何成为沙特"2030愿景"最信赖的、最可靠的合作伙伴的。 聚焦两国重点发展战略，探寻区域合作发展新路径 中沙两国都肩负着民族复兴的历史使命。2016年沙特王储穆罕默德·本·萨勒曼提出了"2030愿景"，旨在 摆脱石油依赖、实现经济多元化、重塑社会结构并提高其全球经济地位。《未来之路》聚焦两国未来发 展规划，将沙特"2030愿景"与中国"十五五"规划战略深度对接，通过真实案例探寻区域合作发展新路 径。 在绿色转型发展方面，长期依赖石油资源的沙特正在向着双碳目标迈进，这与中国的绿色发展理念不谋 而合。沙特有着得天独厚的太阳能资源 ...