Group 1 - The core focus for Yancheng High-tech Zone in 2026 is to implement the "Five Major Actions" to drive development, emphasizing reform, innovation, and project execution [1] - The "Major Project Breakthrough" action aims to strengthen key industries such as new generation information technology, high-end equipment, and new energy, while also focusing on future industries like third-generation semiconductors, advanced materials, and artificial intelligence [1] - The "Industrial Scale Leap" action is designed to enhance the scale and quality of industries, with a focus on creating a national-level flexible microelectronics industry cluster and supporting the growth of leading enterprises like Weixin Electronics [1] Group 2 - The "Integration of Science and Industry Empowerment" action seeks to enhance the synergy between technological innovation and industrial development, aiming to establish a national key R&D program for high-tech achievements [2] - The "Urban Economic Doubling" action focuses on coordinated planning of industrial development, urban morphology, and talent needs, promoting the construction of a vibrant integrated demonstration area [2] - The "Park Reform Demonstration" action emphasizes the need for deeper reforms in areas such as investment attraction, industrial cultivation, and technological innovation, aiming to create a stable and transparent business environment [3]

2026年作为"十五五"规划的开局之年，承载着承前启后、谋篇布局的重要使命。当前全球经济形势复杂 多变，地缘冲突频发、贸易保护主义抬头，中国经济如何在风高浪急的外部环境中突围？未来经济增长 动力何在？宏观政策将如何发力？大类资产配置又有哪些机遇？ 对此，近日，国海证券首席经济学家夏磊这样解读了2026年宏观经济展望。 外部环境：风高浪急下的不确定性与新挑战 谈及2026年中国经济面临的外部环境，夏磊指出，美国政策的不确定性成为影响全球经贸秩序的重要变 量。自2025年初特朗普政府上任以来，不断调整关税政策，方向和内容反复多变。以美国对欧盟的关税 政策为例，短短几个月内经历了多次变动，从实施20%"对等关税"，到暂停后保留10%基准关税，再到 计划加征50%关税，最终通过谈判降至15%，这种反复无常的调整给全球贸易带来巨大混乱。 更值得关注的是，美国核心内阁成员在贸易理念上存在明显分歧。贝森特作为"温和派"注重市场反馈， 格里尔作为贸易强硬派不愿在关税上让步，卢特尼克则被称为"内阁中最特朗普式的成员"，三人在贸易 谈判中甚至出现公开冲突，导致美方谈判目标混乱，进一步加剧了国际经贸环境的不确定性。 政策支持力度持 ...

Group 1 - The study class focused on the implementation of the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party, emphasizing the importance of the "14th Five-Year Plan" and its strategic support role in national development [1][2] - Participants engaged in discussions about the role of land spatial planning and the domestic high-end chip industry, aligning with the development goals and strategies of Chengdu [1] - There was a consensus on the need to deepen understanding of the development strategies and key tasks outlined in the "14th Five-Year Plan," including "innovation-driven, open leadership, integration of science and industry, and strong counties and active regions" [1] Group 2 - The summary speech highlighted the Fourth Plenary Session and provincial and municipal meeting spirits as action guides for current and future work [2] - Emphasis was placed on translating the municipal requirements into practical actions, focusing on national strategy service, high-quality development, and promoting common prosperity [2] - The need for improved planning, organization, and standards in work was stressed, along with preparations for upcoming meetings and contributions to Chengdu's "14th Five-Year Plan" development [2]

邹磊指出，集团公司"十五五"规划编制将坚持"旗帜领航、干在实处、走在前列"，明确战略思路和发展愿景，推进集团公司从"大而全"向"强而优"、从常规 能源向绿色低碳、从传统经营向市场化"三个转型"，切实担当能源供应压舱石、能源革命排头兵、能源强国顶梁柱。邹磊强调，2026年是"十五五"开局之 年，集团公司要认真贯彻落实习近平总书记对中央企业工作重要指示精神，落实国务院国资委"十五五"时期国资央企目标任务，锚定中央企业更好服务党和 国家工作大局，服务经济社会高质量发展，服务保障和改善民生，勇担社会责任的职责使命，坚持稳中求进、提质增效，聚焦主责主业，结合集团公司实 际，打好"价值提升、创新引领、产业升级、改革赋能、党建提质"攻坚战，推动集团公司高质量、可持续、向新向优发展。 12月25日，集团公司召开"十五五"发展规划退休老干部代表意见征求座谈会，深入学习贯彻党的二十届四中全会、中央经济工作会议、中央企业负责人会议 等会议精神，落实习近平总书记最新对中央企业工作重要指示精神，听取老干部的意见建议，共同推动集团公司"十五五"高质量发展开好局、开新局。集团 公司党组书记、董事长邹磊出席会议并讲话，总经理、党组副书记冯来 ...

2025年，A股市场走出近年来少见的低波动慢牛，上证指数也时隔10年一度回到4000点上方。而在2024 年末，光大证券策略首席分析师张宇生在接受《每日经济新闻》记者专访时就曾旗帜鲜明地表示继续看 好2025年的市场。 那么，2026年A股大势是否有望迎来"三连阳"？"9·24"行情以来，在"科技牛"主导行情的背景下，未来 市场风格是否将发生一定切换？2026年市场又有哪些核心主线值得关注？在"十五五"规划开局之年，政 策将有哪些值得期待的发力点？带着这些投资者关注的问题，近日《每日经济新闻》记者（以下简称 NBD）再度对张宇生进行了独家专访。 张宇生：站在当前时点，我对2026年A股市场依然保持积极乐观，核心判断是"慢牛格局延续，结构机 会凸显"。前期市场上涨源于政策支持与资金面改善的共振，而2026年作为"十五五"规划开局之年，各 项支撑条件将更加扎实。宏观层面有政策红利持续释放，产业层面有新质生产力加速培育，资金层面有 居民资产配置向权益市场迁移的长期趋势，这些因素将共同托举市场。虽然过程中可能会有阶段性波 动，但整体向上的趋势值得期待。 NBD：如果2026年A股市场仍然有机会，您觉得市场上涨的动力来 ...

Core Viewpoint - The A-share market is expected to enter a bull market in 2025, supported by policies, valuations, earnings, and capital, with a notable differentiation in market segments anticipated in 2026 as the "14th Five-Year Plan" begins [1] Group 1: Market Drivers - The core variable driving the stock market in 2026 is expected to be earnings, transitioning from valuation-driven to earnings-driven performance, with all sectors presenting investment opportunities [2] - The market style in 2026 is anticipated to be more balanced compared to 2025, as various sectors, including traditional industries, are expected to show earnings recovery and valuation repair [2] Group 2: Investment Opportunities - In 2026, institutional funds are likely to shift towards new consensus areas beyond just technology growth sectors, expanding into traditional industries as the overall market enters an earnings release phase [2] - The "14th Five-Year Plan" emphasizes improving domestic consumption and technological self-reliance, indicating significant long-term investment opportunities in these areas [3] Group 3: Investment Strategies for Ordinary Investors - Ordinary investors should focus on balancing long-term and short-term investment strategies, adjusting their portfolio based on individual risk preferences and return expectations [4] - For long-term investments, attention should be paid to industry trends and fundamental changes, while short-term opportunities require monitoring of price fluctuations and relative valuations [4] Group 4: Changes in Valuation Logic - The emphasis on "technological self-reliance" in the "14th Five-Year Plan" is expected to reshape the valuation system of A-shares, with a potential reduction in mid-term volatility of technology stock valuations [6] - The focus on core technology autonomy and industry policy support may increase the weight of non-financial indicators in valuation assessments [6] - Valuation logic in the technology sector may evolve from a focus on individual segments to a more integrated approach across entire industry chains, creating a linked valuation framework [6] Group 5: Recommendations for 2026 - A balanced and long-term investment approach is recommended for 2026, with a focus on fundamental factors such as corporate earnings, while avoiding speculative trading [7] - The current market conditions suggest that equity assets still hold mid-to-high investment value, despite some high valuations potentially leading to short-term volatility [7]

Core Viewpoint - The National Development and Reform Commission (NDRC) is actively addressing the suggestions and criticisms from representatives at the National People's Congress, focusing on infrastructure, industry development, social welfare, green low-carbon development, and major projects [1] Group 1: Suggestions and Responses - The NDRC has handled 2,933 suggestions this year, primarily related to infrastructure, industry, social welfare, green development, and major projects [1] - The NDRC is integrating valuable suggestions into policy measures to enhance the effectiveness of its work [1] - A notable response includes extending the Spring Festival holiday to 9 days in 2026, which has received a positive sentiment rate of 92.9% based on big data monitoring [1] Group 2: 14th Five-Year Plan - The NDRC is drafting the outline of the 14th Five-Year Plan, with 242 suggestions related to this plan, proposing significant policies and projects [1] - The NDRC is combining the handling of these suggestions with the planning activities to ensure comprehensive research and adoption [1] Group 3: Economic Governance and Innovation - The NDRC is working to enhance macroeconomic governance efficiency, with 347 representatives providing over 700 specific suggestions on technology and industry innovation [1] - The NDRC is categorizing and analyzing 246 suggestions related to the development of revolutionary old areas, aiming to incorporate them into relevant policy documents to boost local development [1]

Core Viewpoint - The articles emphasize the importance of implementing the spirit of the 20th National Congress of the Communist Party of China and the "14th Five-Year Plan" across various companies within the Baowu Group, focusing on high-quality development and innovation-driven strategies. Group 1: New Steel Group - New Steel Group aims to activate reform and innovation, enhance production efficiency, and expand overseas markets to solidify its transformation and upgrade foundation [4][17] - The company emphasizes value creation, talent empowerment, and integrating party leadership into corporate governance to ensure high-quality development [4][17] Group 2: Baowu Special Metallurgy - Baowu Special Metallurgy's new strategic plan envisions becoming a leader in the global special metallurgy materials industry, focusing on core technology breakthroughs and collaborative innovation [6][19] - The company outlines a "12345" development strategy, targeting process innovation, lean operations, and talent development to achieve high-quality growth [6][19] Group 3: Baodi Assets - Baodi Assets integrates the spirit of the 20th National Congress with its development strategy, proposing five key tasks to enhance its core competitiveness and achieve high-quality growth [8][21] - The company emphasizes market-oriented reforms and the importance of employee development and performance-based compensation [8][21] Group 4: Huabao Investment - Huabao Investment focuses on supporting the steel industry while ensuring sustainable core business development, emphasizing financial innovation and integration with industrial innovation [10][23] - The company plans to enhance its talent development system and strengthen its market-oriented and professional capabilities [10][23] Group 5: Huabao Trust - Huabao Trust aims to leverage its trust system and collaborative advantages to enhance efficiency and core competitiveness, aligning with the strategic goals of the Baowu Group [11][24] - The company is committed to translating the spirit of the 20th National Congress into actionable strategies for high-quality development [11][24]

Core Viewpoint - The article discusses the upcoming "2026 Year Outlook" event hosted by Ningbo Bank, focusing on macroeconomic trends and investment strategies for the new year, addressing key questions regarding monetary policy, fiscal policy, currency trends, export performance, and market conditions for A-shares and Hong Kong stocks [1]. Group 1: Event Overview - The "2026 Year Outlook" event will take place on December 27, featuring discussions on macroeconomic conditions and asset strategies for 2026 [1]. - The event will include insights from four senior experts at Ningbo Bank, including the Vice President and heads of various departments [1]. Group 2: Agenda Highlights - The event will feature a series of presentations, including: - Macroeconomic and capital market outlook for 2026 by Zhou Yanchang, Chief Strategy Analyst [4]. - Bond market outlook for 2026 by Chai Feibin, General Manager of the Investment Banking Department [4]. - RMB exchange rate outlook for 2026 by Wang Dandan, Vice President [4]. - Outlook for commodities and precious metals market for 2026 by Qiu Difan, General Manager of the Research Department [4]. Group 3: Live Broadcast Information - The event will be live-streamed on Ningbo Bank's corporate finance video account and wealth management Douyin account, with coverage from multiple mainstream media outlets [6].

"新浪财经2025年会暨第18届金麒麟论坛"将于2026年1月15日在北京举办，本次会议的主题是"十五五开 局，经济新启航——重塑增长范式，共创未来繁荣"。 "新浪财经2025年会暨第18届金麒麟论坛"将于2026年1月15日在北京举办，本次会议的主题是"十五五开 局，经济新启航——重塑增长范式，共创未来繁荣"。 【点击报名参会】 回首"十四五"，中国经济在复杂严峻的国内外形势下，书写了高质量发展的坚实篇章。我们共同见证了 创新驱动战略下，科技自立自强步伐的加快；亲历了绿色转型的浪潮中，新能源与低碳产业的蓬勃崛 起；也感受到了共同富裕目标下，区域协调与乡村振兴的深层脉动。数字经济与实体经济深度融合，高 水平对外开放的大门越开越大，这些成就为迈向新征程奠定了坚实基础。 展望"十五五"，新的机遇与挑战并存。如何进一步强化国家战略科技力量，在全球产业链重构中抢占先 机？怎样深化要素市场化改革，释放更大增长潜能？绿色低碳转型又将催生哪些万亿级新赛道？这些关 乎国家发展与企业命运的宏大命题，亟待我们深入探讨。 本次论坛将由一场主论坛，和"2025科技风云榜"、"2025金融新启航"、"2026全球与中国资本市场展望 论 ...