Core Viewpoint - The "East Silk West Solid" initiative aims to develop the silk industry into a trillion-yuan sector by 2028, with a total output value exceeding 300 billion yuan nationwide [1]. Group 1: Industry Development - The silk industry is experiencing a resurgence driven by the "national style" trend, with traditional silk products gaining popularity [1]. - The "East Silk West Solid" initiative is a collaborative effort involving seven government departments to enhance the silk industry's capabilities and optimize regional production layouts [6][8]. - By 2028, the initiative aims to establish high-quality development clusters in the central and western regions, with over 10 leading enterprises generating more than 500 million yuan in revenue [8]. Group 2: Regional Contributions - Since the implementation of the "East Mulberry West Move" project in 2006, the central and western regions, such as Guangxi and Sichuan, have significantly increased their mulberry cultivation and silkworm breeding, now accounting for over 70% of the total [6]. - The eastern regions are focusing on innovation and high-end silk fabric production, leveraging technological advancements to enhance product quality and market competitiveness [9]. Group 3: Collaborative Innovation - The initiative emphasizes the importance of collaboration between eastern leading enterprises and central/western regions, fostering a multi-faceted innovation network to drive industry transformation [10]. - The establishment of a project and receiving region information database, along with promotional activities, is crucial for aligning regional needs and facilitating industry growth [11].

Core Viewpoint - The article discusses the release of the "Opinions on Deepening Cosmetic Regulation Reform to Promote High-Quality Development" by the National Medical Products Administration, which outlines 24 reform opinions and 48 specific measures aimed at modernizing the regulatory system and upgrading the cosmetic industry in China by 2035 [4][5][21]. Group 1: Reform Objectives - The document aims to achieve a regulatory system that meets international advanced standards by 2035, enhancing the innovation capacity and global competitiveness of the cosmetic industry [4][21]. - It sets a two-step goal: by 2030, to improve regulatory frameworks and risk management systems, and by 2035, to fully modernize the regulatory approach [21][22]. Group 2: Key Reform Areas - Encouraging innovation by establishing fast-track review channels for new efficacy cosmetics and supporting the development of products for the elderly [6][13]. - Optimizing registration and filing management to enhance service efficiency, including simplifying documentation and establishing a collaborative review mechanism [7][25]. - Strengthening production and operational supervision to build a risk prevention system, including differentiated regulatory measures based on risk levels [8][27]. - Solidifying technical support to modernize regulatory capabilities, including enhancing the review and inspection workforce and promoting the use of artificial intelligence [10][31]. - Promoting international alignment to enhance global competitiveness, including reducing animal testing requirements and improving the adaptability of raw materials [11][30]. Group 3: Highlights of the Reform - Establishing a fast-track review mechanism for new efficacy products to stimulate research and development [13][16]. - Positioning China as a global launch site for new products by removing barriers to international product launches [14][16]. - Focusing on the "silver economy" by encouraging the development of cosmetics tailored for the elderly [15][16]. - Implementing electronic label trials to enhance consumer experience and support sustainable development [15][16]. - Improving the quality management system within three years to address industry weaknesses [18][24]. Group 4: Industry Context - The Chinese cosmetic market is projected to exceed 1 trillion yuan by 2024, becoming the largest global market, with over 2.3 million product registrations as of October 2025 [18][24]. - Despite rapid growth, the industry faces challenges such as insufficient innovation capabilities and a lagging quality management system [18][19][24]. - The article emphasizes the need for a modernized regulatory framework to address these challenges and enhance the industry's competitiveness on a global scale [20][22].

据北京日报消息，11月17日，中国共产党北京市第十三届委员会第七次全体会议召开。全会认真学习贯彻党的二 十届四中全会精神，审议通过了《中共北京市委关于制定北京市国民经济和社会发展第十五个五年规划的建 议》。市委常委会主持会议。市委书记尹力就《建议（讨论稿）》向全会作说明并讲话。 全会指出，党的二十届四中全会是在即将进入基本实现社会主义现代化夯实基础、全面发力的关键时期召开的一 次十分重要的会议。学习好贯彻好党的二十届四中全会精神，是当前和今后一个时期的重大政治任务。全市各级 党组织和广大党员干部要深刻领悟"两个确立"的决定性意义，增强"四个意识"、坚定"四个自信"、做到"两个维 护"，把学习四中全会精神与领悟习近平新时代中国特色社会主义思想，与把握党的二十大战略部署、二十届三中 全会改革举措等联系起来，找准工作方向和发力点，以首善标准抓好贯彻落实。 全会强调，推动"十五五"时期经济社会发展，要严格遵循党的二十届四中全会明确的重大原则，更加注重优化提 升首都功能，自觉把北京的发展纳入中国式现代化事业全局考量；更加注重增进民生福祉，聚焦"七有""五性"解 决好人民群众急难愁盼问题；更加注重增强创新动能，大力发展新 ...

吴大器：在连续担任2009年至2020年《上海国际金融中心建设蓝皮书》（上海人民出版社）主编，完成2020年上海国际金 融中心基本建成的丛书，结束长达12年的"长跑任务"后，我一直在市参事室相关智库从事相应决咨研究。一位领导关切地对我 说，"这四年你们的思考成果不少，还是要展示给行业和社会。"于是，我们对2020年至2024年的决策咨询过程作了回顾，围 绕"十四五"的发展主线，面向"十五五"编纂了这本书，我和团队在记载、探索、建言和思考四个篇章上形成了基本结构。 这本书的生命源泉是"不断学习，深化认知，强化调研和优化建言"的渐进型头脑风暴，我感悟到研究成果能服务现实需 要，必须与时俱进，从学习中认准党和国家指引的方向达到纲举目的。这四年，我们把进一步系统学习中国式现代化的理论作 为头等任务；把进一步学习金融强国，特别是优化上海国际金融中心的责任自觉，突出金融多为国际化大都市群的服务本色建 真言、献良策的实践效应；把进一步给出决策建言要细化调查研究、强化研究导向、聚焦破解对策为工作指导方针的定位；把 进一步认清金融为新质生产力、科技创新服务，认准金融与经济的逻辑关系作为提升为其赋能水平作为衡量标准。 上海国际金 ...

Core Insights - The "Future Stars" report highlights the strength and pioneering role of Wuhan's future industries, with over 25% of the selected 100 companies being recognized as national specialized and innovative "little giant" enterprises [1][4]. Group 1: Report Overview - The report was compiled by the Wuhan High-tech Industry Association's Industrial Research Institute based on self-reported data and field research, resulting in the selection of 100 "Future Stars" and 10 "New Rising Stars" [4]. - The total asset scale of the "Future Stars" companies is approximately 21.7 billion, with projected total revenue of about 13.1 billion for 2024, reflecting an average revenue growth rate of 67.85% [4]. Group 2: Innovation and R&D - High-tech enterprises constitute 80% of the "Future Stars," with an average R&D investment intensity of 52.96%, which is six times the national average for high-tech enterprises, indicating strong innovation momentum [4]. - Among the founders of these "New Forces" companies, 32% hold doctoral degrees, many of whom have backgrounds in prestigious universities or medical institutions, combining deep technical expertise with industry insight [4]. Group 3: Industry Coverage - The "Future Stars" span nine industrial chains, including optoelectronic information, health care, high-end equipment, artificial intelligence, and Beidou, with a focus on future manufacturing, materials, energy, and health [4]. - The report emphasizes that these "New Forces" are addressing market challenges through technological innovation and model breakthroughs, positioning themselves as core drivers of new productive forces [4]. Group 4: Event and Collaboration - The event was co-hosted by the Wuhan Municipal Committee of the Communist Party of China and the Wuhan Federation of Industry and Commerce, attracting over a hundred key enterprises, universities, research institutions, and financial investment organizations [5].

以习近平新时代中国特色社会主义思想为指导,全面贯彻党的二十大和二十届历次全会精神,坚 持政府引导、市场主导、稳中求进、先立后破,统筹东中西部茧丝绸资源禀赋和产业基础,适应茧丝 绳产业梯次转移需求,因地制宜发展新质生产力,扎实推进茧丝绸现代产业体系建设,打造国际竞争 新优势,形成茧丝绸产业"东部创新引领、中西部产能支撑、东中西部协同互补"的发展新格局。 商务部等7部门关于开展茧丝绸产业"东绸西固"工作 的诵知 【发布单位】消费促进司 【发布文号】商消费函2025年第650号 【发文日期】2025年11月14日 为贯彻落实党中央、国务院关于加快传统产业转型升级的决策部署,优化茧丝绸产业布局,构建东 中西部均衡发展的现代化产业体系,推动茧丝绸产业高质量发展,现就开展"东绸西固"工作有关事项通 知如下: 北京商报讯（记者 胡永新）11月17日，商务部等7部门联合印发《关于开展茧丝绸产业"东绸西固"工作 的通知》（以下简称《通知》）。《通知》提出，增强茧丝保障能力。优化蚕桑区域布局，加快集成推 广绿色高质高效技术模式，支持发展桑蚕业特色农产品保险。 到2028年，东部地区打造 10 家左右营收超100亿元的行业领军企业 ...

巨轮穿梭的北部湾港、建设正酣的平陆运河、忙碌的中马钦州产业园区……在广西大力推进"一区两地 一园一通道"建设的壮阔图景上，国家开发银行广西分行（简称"国开行广西分行"）立足自身职能定 位，从聚焦基础设施、赋能产业升级、推进对外开放、服务普惠民生四个维度同步发力，截至10月末， 该行今年累计投放各类贷款超900亿元，以金融"引擎"助推"一区两地一园一通道"建设。 转自：新华财经 因地制宜服务发展新质生产力，点燃创新"新引擎" 第22届中国—东盟博览会上人头攒动，来自世界各地的代表团在此聚集，南A中心作为集展示、交流、 运营于一体的平台，在东博会期间签约了24个产业合作项目，合作成果丰硕。为加快推动人工智能产业 集聚发展，助力高标准建设南A中心，国开行广西分行用好新型政策性金融工具有关政策，向南A中心 人工智能企业研发基地项目投放新型政策性金融工具1.11亿元，强化金融赋能，为"数字丝绸之路"建设 添砖加瓦。 国开行广西分行精准聚焦，推动产业向"新"而行，今年累计发放制造业贷款超100亿元，支持广西铝 业、汽车、糖业等特色产业发展，推动上汽通用五菱、玉柴、南南铝等广西制造业重点企业提速发展； 发放战略性新兴产业贷 ...

赛会一体，激发创新动能。 11月17日，2025全球数商大会新闻通气会在上海举行。上海市数据局党组成员、副局长翁轶丛，浦东新区数据局党组成员、副局长岑焕彩，上海数据集团副 总裁吕锋出席新闻通气会，分别介绍了本届大会的筹备情况和特色亮点。 四大板块乘"数"而上 上海已连续成功举办四届全球数商大会，本届大会将于11月25日至26日在上海国际会议中心盛大举行。2025全球数商大会以"数联全球 商通未来——乘数无 界∞"为主题，由上海市数据局、浦东新区人民政府指导，上海数据集团主办。 大会聚焦数据要素市场化配置、数字技术创新应用等关键领域，汇聚全球顶尖数字经济人才、数商企业、科研机构等资源，搭建产学研用协同创新平台，推 动构建数商生态体系，打造数商沟通交流平台，为全国数据要素体系建设贡献上海智慧与方案。 展示多元集中呈现数据产业发展成果，涵盖大赛优胜项目展、全国数据集团联盟展、上海数字经济成果展及数据要素建设展、特邀企业展等板块，呈现数据 要素生态的全景盛宴。 应用体验打造"全民数字共感计划"，推出大会IP"数小链"，举办各项体验活动，既有面向青少年开展的"数青公开课"，又有面对参会企业组织的"数商夜 话"，更有为公 ...

某光伏上市企业受净利润下滑以及行业估值整体波动影响，企业可转债市场价格较面值贬损25%、较价 格最高点下跌37.60%，且企业实控人及其关联方面临刚性负债即将到期，缺乏兑付资金的阶段性困 境。中国东方通过收购上市公司可转债、对核心子公司实施市场化债转股等多种方式，补充控股股东及 关联方流动性资金、降低企业偿债压力，帮助企业渡过阶段性困难节点，重振市场信心，为企业长期稳 健发展夯实基础。 本报讯 （记者杨洁）11月17日，《证券日报》记者从中国东方资产管理股份有限公司（以下简称"中国 东方"）获悉，中国东方立足金融救助和逆周期调节功能，积极布局绿色金融重点产业领域，着力提供 专业化、差异化金融支持，累计投资近180亿元，助推新质生产力稳步发展。 中国东方还通过组建产业基金等方式，加大对新能源产业链相关企业并购重组的支持力度，助力提高行 业资源配置效率，提升优质企业中长期发展能力与核心竞争力，助推新质生产力发展。 据介绍，中国东方牢牢把握资产管理公司纾困化险、资产盘活的职责，聚焦新能源产业链问题企业金融 需求，探索挖掘发展新动能和新优势，助力新能源产业链上的优质企业夯实中长期核心竞争力，助力提 升经济社会发展的" ...

Report Industry Investment Rating - Not provided in the document Core Viewpoints of the Report - The marginal improvement in prices and the expectation of a loose macro - policy environment may jointly drive the A - share market into a stage of "shock upward, structure - dominated". The moderate rise in CPI and the bottom - rebound of PPI mean that the economic downward pressure has eased, but the demand recovery has not formed a strong trend. In the short term, the market is more likely to present a market feature dominated by liquidity and structured opportunities [9]. - The cyclical sector is expected to remain strong, but its sustainability depends on the resonance of external demand and the real - estate chain. The technology - growth sector will still be the medium - term main line, and the service consumption will remain relatively stable, while the real - estate chain still needs further policy implementation [9]. - The current market does not need to be pessimistic. It is recommended to maintain a relatively positive position structure, but not blindly chase the index. The optimal strategy is to conduct structured allocation around the dual main lines of "anti - involution + AI application" [9]. Summary by Relevant Catalogs Market Review - Most of the major market indices fell last week, while the Shanghai 50 remained stable. Among the major industries, the healthcare and daily - consumption indices performed relatively well, with weekly changes of 3.27% and 2.72% respectively; the information - technology and industrial indices performed weakly, with weekly changes of - 4.27% and - 1.28% respectively [10][11][16]. - Among the 30 Shenwan primary industries, 19 industries rose. The industries with larger increases were textile and apparel, commercial retail, and beauty care, with increases of 4.41%, 4.06%, and 3.75% respectively; the industries with larger declines were communication, electronics, and computer, with declines of 4.77%, 4.77%, and 3.03% respectively [10][19]. - The average daily trading volume of Wind All - A last week was 20438.27 billion yuan (the previous value was 20123.50 billion yuan), at a relatively high historical level (89.50% of the three - year historical quantile) [22]. - As of November 14, 2025, the valuation (PE_TTM) of Wind All - A was 22.20, unchanged from last week, at the 90.70% quantile of the past five - year history. Among the 30 Shenwan primary industries, 19 industries' valuations (PE_TTM) recovered [27]. Market Observation - The inflation data in October showed an overall upward trend, confirming the continuation of the weak inflation pattern macroscopically. The CPI rose moderately, and the PPI bottomed out and rebounded. The improvement in industrial product prices may boost the overall market risk appetite [6]. - After the release of inflation data, most of the A - share consumer and cyclical industries rose last week, while the technology sector corrected significantly. The industry adjustment logic was consistent with the inflation data [6]. Investment Suggestions - The cyclical sector may maintain a certain strength, but its sustainability depends on external demand and the real - estate chain. The technology - growth sector will still be the medium - term main line, and service consumption will remain relatively stable, while the real - estate chain still needs further policy implementation [9]. - The risk preferences of different capital channels and sectors are differentiated, reflecting the increasing market uncertainty. The market may maintain a shrinking and volatile market, with sector rotation [9]. - It is recommended to maintain a relatively positive position structure, but not blindly chase the index. The optimal strategy is to conduct structured allocation around the dual main lines of "anti - involution + AI application" [9]. Economic Calendar - This week, domestic economic data to be concerned about include the October bank settlement and sales of foreign exchange data and the China Loan Prime Rate (LPR) for 1 - year and 5 - year terms. Overseas economic data include the November New York Fed Manufacturing Index, initial and continued jobless claims, GDP, price data, September and October unemployment rates, and the change in non - farm payrolls in October [30].