Core Viewpoint - The average contribution rate of final consumption to China's economic growth reached 56.2% over the past four years, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" period, indicating a strong focus on consumption-driven growth in the "14th Five-Year Plan" [2] Group 1: Strategic Positioning and Development - The company is adopting a differentiated and market-oriented development strategy during the "14th Five-Year Plan," focusing on inclusive service, collaborative development, and innovative breakthroughs [3] - Emphasis on party leadership in financial work is seen as essential for ensuring the correct direction of financial services and maintaining systemic risk control [3] Group 2: Service to Underrepresented Groups - The company aims to provide modern consumer finance services to underserved groups such as individual businesses, self-employed individuals, and urban-rural residents, addressing issues like information asymmetry and incomplete credit records [3] - As of June 2025, the company has served over 28 million customers, primarily from demographics traditionally underserved by financial services [3] Group 3: Digital Transformation and Risk Management - The company is shifting its strategy from offline to a hybrid online-offline model to better adapt to external changes and enhance consumer service [4] - A comprehensive risk management system has been established, covering all processes and stages of lending, including risk identification, early warning, and handling [4][5] Group 4: Product and Service Strategy Adjustments - The company has implemented strategic adjustments to balance the coverage of inclusive finance and service quality, achieving a positive cycle between the two [4] - Key initiatives include the "Xingcai Plan" to alleviate financial pressure on students, deep exploration of regional characteristics to match consumer needs, and expansion of digital inclusive finance offerings [4] Group 5: Future Outlook and Goals - The company plans to strengthen digital governance and talent development while ensuring compliance in data usage, aiming for comprehensive integration of financial technology across all lending processes [6] - The focus will remain on inclusive finance, adapting to market changes, and contributing to economic growth through innovative measures and enhanced consumer protection mechanisms [6]

Core Viewpoint - The average contribution rate of final consumption to China's economic growth over the past four years has reached 56.2%, an increase of 8.6 percentage points compared to the "13th Five-Year Plan" period, indicating a strong focus on high-quality development in the consumption finance sector during the "14th Five-Year Plan" period [2]. Group 1: Strategic Positioning and Development - The company is adopting a differentiated and market-oriented development strategy, focusing on inclusive service, collaborative development, and innovative breakthroughs [3]. - The company emphasizes the importance of party leadership in financial work to ensure the correct direction of financial services and to mitigate systemic risks [3]. - The company aims to serve underrepresented customer groups, such as individual businesses and new citizens, by providing modern consumption finance services, having served over 28 million customers by June 2025 [3]. Group 2: Digital Transformation and Risk Management - The company is shifting its strategy from offline to a hybrid online-offline approach to better align with external changes and enhance consumer services [4]. - A comprehensive risk management system has been established to cover all stages of the lending process, addressing common risks such as credit and data risks [6]. - The company is leveraging advanced technologies like AI and big data to enhance its risk management capabilities, creating a data-driven decision-making model [7]. Group 3: Product Design and Service Quality - The company believes that it is possible to achieve a balance between inclusive coverage and service quality through strategic adjustments, creating a positive feedback loop [5]. - Key strategies include the "Xingcai Plan" to alleviate financial pressure on students, matching regional characteristics with consumer needs, and expanding digital inclusive finance offerings [5]. Group 4: Future Outlook and Goals - The company plans to deepen its understanding of regional economic structures and consumer characteristics to optimize customer segmentation and enhance service precision [8]. - Emphasizing technology as a core driver for high-quality development, the company will strengthen digital governance and ensure compliance in data usage [8]. - The company aims to maintain its commitment to inclusive finance while adapting to market changes and contributing to the promotion of consumption and high-quality industry development [8].

新华社北京12月3日电（记者张千千）"十五五"规划建议明确提出"加快建设金融强国"，引导大力发展包括普惠金融在内的金融五篇大文章。 回望"十四五"，年均增速超20%！我国普惠小微贷款润泽着越来越多的经营主体。 在重庆市云阳县双江街道，一名银行工作人员指导前来咨询的商户通过线上融资服务平台申请贷款。新华社记者黄伟摄 为了更好满足万千百姓的金融需求，金融业不断疏通堵点、破解难点，拓宽融资渠道，优化金融服务，提升可获得性，全力做好普惠金融大 文章。 银行业优化风控模型，服务以往难以触达的"毛细血管"客户，将金融服务融入具体的生产生活场景，实现"资金找人"；保险业丰富产品供 给，推动农业保险持续"扩面、增品、提标"，为脱贫人口、老年人、新市民等群体提供适宜产品…… 展望"十五五"，我国将基本建成高质量的普惠金融体系，普惠金融促进共同富裕迈上新台阶。 长期以来，普惠类贷款的服务对象——小微企业、个体户、农户等群体，往往因缺乏抵押物、风险承受能力较弱，面临着融资难、融资贵问 题。 金融服务经济社会发展，不仅要"锦上添花"，更要"雪中送炭"。 2013年我国正式提出"发展普惠金融"以来，经过不断努力，小微企业融资获得感有了 ...

"十五五"时期是基本实现社会主义现代化的关键时期。随着党的二十届四中全会审议通过"十五 五"规划建议，清晰的战略路径已然铺就。在这一历史进程中，金融血脉如何更精准地服务实体经济， 资本市场如何更高效地赋能新质生产力，成为关系全局的重要议题。 "截至2025年10月末，中信建投证券累计服务国家级专精特新及制造业单项冠军企业超2100家，'小 巨人'IPO保荐数量稳居市场前列，北交所IPO保荐数量及承销金额持续领先。未来，我们还将继续加大 投入，为新质生产力发展贡献更大力量。"正值中信建投证券股份有限公司（以下简称"中信建投证 券"）成立20周年之际，《金融时报》独家专访了中信建投证券股份有限公司党委副书记、总经理金剑 华。这份服务科技创新的高质量"成绩单"，是中信建投证券过往成果的总概括，也是未来继续深耕科创 金融、服务国家战略决心的体现。 围绕证券行业如何理解并践行"十五五"规划建议的战略指引，在加快建设金融强国的目标下证券公 司如何找准定位并系统发力，以及服务新质生产力将如何重塑行业发展模式、核心能力与价值创造方式 等关键问题，金剑华对记者系统阐述了他的思考。 《金融时报》记者：结合当前国内外发展环境，您认 ...

■ "夯实文化软实力 积极履责显担当"系列专题报道 治国有常，利民为本。党的二十届四中全会体现了以人民为中心的立场。全会强调，"十五五"时期经济 社会发展必须坚持人民至上，以满足人民日益增长的美好生活需要为根本目的，加大保障和改善民生力 度，扎实推进全体人民共同富裕。 招商证券党委书记、董事长霍达日前在接受中国证券报记者专访时表示，实现人民对美好生活的向往是 中国式现代化的出发点和落脚点。 霍达认为，投资者是资本市场之本，高质量开展投资者教育、保护投资者合法权益，是夯实市场信心、 激发市场活力的基础工程，是推动共同富裕、落实普惠金融的重要抓手，也是金融机构践行金融为民理 念、服务国家战略的职责使命。近年来，招商证券着力深化投资者教育工作的创新实践与长远布局，通 过构建"陪伴式"投教体系，切实守护投资者权益，助力夯实资本市场根基。 在全周期服务维度，招商证券将投教贯穿投资者服务全流程。市场热点涌现、政策密集出台时，第一时 间推出"新手研习社""新规速览"等内容，如2025年下半年以来，随着市场情绪逐步回暖、新入市投资者 持续增加，公司迅速推出"新手研习社"系列服务，将股票、基金、港股通等业务的复杂规则转化为通俗 ...

编者按 日前，党的二十届四中全会审议通过"十五五"规划建议，明确提出"优化金融机构体系，推动各类金融 机构专注主业、完善治理、错位发展"，这为包括证券公司在内的金融机构实现高质量发展指明了方 向。近年来证券公司在持续强化经营数据等"硬指标"的同时，纷纷发力文化建设并积极承担社会责任， 不断夯实"软实力"，实现经营效益和社会效益双丰收。 为学习宣传贯彻党的二十届四中全会精神，中国证券报联合中国证券业协会推出"夯实文化软实力 积极 履责显担当"系列专题报道，旨在通过分享证券公司在加强文化建设以及服务经济、社会、环境和谐发 展方面的典型案例与先进经验，体现证券公司近年来在培育中国特色金融文化、践行行业文化理念、履 行社会责任的积极成效，共同推动证券行业高质量发展。本篇为系列报道第十六篇。 治国有常，利民为本。党的二十届四中全会体现了以人民为中心的立场。全会强调，"十五五"时期经济 社会发展必须坚持人民至上，以满足人民日益增长的美好生活需要为根本目的，加大保障和改善民生力 度，扎实推进全体人民共同富裕。 招商证券（600999）党委书记、董事长霍达日前在接受中国证券报记者专访时表示，实现人民对美好生 活的向往是中国式 ...

Core Viewpoint - The article emphasizes the role of招商银行东莞分行 in supporting the high-quality development of enterprises in Dongguan through financial services, particularly focusing on technology and innovation-driven companies. Group 1: Financial Support for High-Tech Enterprises - 招商银行东莞分行 provides precise financing support for specialized and innovative high-tech enterprises, with a manufacturing loan balance of 23.665 billion and a technology loan balance of 14.669 billion as of October 2025, serving 3,970 technology enterprises [5][6]. - 广东鼎泰高科技术股份有限公司 has leveraged the bank's financial support to expand production capacity and enhance business development [6]. Group 2: Inclusive Finance and Customized Products - 招商银行东莞分行 has developed customized financing products for innovative small and medium-sized enterprises, including "Innovation Points Loan" and "Industry Points Loan," which have reached 725 enterprises and disbursed over 600 million since May 2024 [6][8]. - The "莞招码上测" product system allows enterprises to easily access financing options through a simple scan, reducing barriers for inclusive finance [8]. Group 3: Digital Financial Services - The bank has facilitated digital transformation for enterprises like 东莞徐福记食品有限公司 by integrating financial management systems, enhancing efficiency in payroll and expense management [8][9]. - The CBS system launched in August 2021 has enabled 6,353 enterprises to manage their financial operations more effectively, contributing to cost reduction and efficiency [8]. Group 4: Cross-Border Financial Services - 招商银行东莞分行 has established a comprehensive cross-border financial service model, supporting enterprises in managing cross-border funds, global accounts, and currency risk [10]. - 佳禾智能科技股份有限公司 has benefited from the bank's international business expertise and flexible financial solutions, facilitating its international expansion [10][11].

治国有常，利民为本。党的二十届四中全会体现了以人民为中心的立场。全会强调，"十五五"时期经济 社会发展必须坚持人民至上，以满足人民日益增长的美好生活需要为根本目的，加大保障和改善民生力 度，扎实推进全体人民共同富裕。 招商证券党委书记、董事长霍达日前在接受中国证券报记者专访时表示，实现人民对美好生活的向往是 中国式现代化的出发点和落脚点。 招商证券（600999）党委书记、董事长霍达： 以"陪伴式"投教助力夯实资本市场根基 霍达认为，投资者是资本市场之本，高质量开展投资者教育、保护投资者合法权益，是夯实市场信心、 激发市场活力的基础工程，是推动共同富裕、落实普惠金融的重要抓手，也是金融机构践行金融为民理 念、服务国家战略的职责使命。近年来，招商证券着力深化投资者教育工作的创新实践与长远布局，通 过构建"陪伴式"投教体系，切实守护投资者权益，助力夯实资本市场根基。 ● 本报记者 徐昭 赵中昊 厚植为民情怀 深耕创新实践 在霍达看来，从监管导向到行业实践，"以人民为中心"的发展思想已深度融入资本市场改革发展的全过 程。作为国有金融机构，招商证券始终将投教工作与践行金融使命紧密结合，把"保护投资者利益、提 升投资者 ...

以"陪伴式"投教助力夯实资本市场根基 治国有常，利民为本。党的二十届四中全会体现了以人民为中心的立场。全会强调，"十五五"时期经济 社会发展必须坚持人民至上，以满足人民日益增长的美好生活需要为根本目的，加大保障和改善民生力 度，扎实推进全体人民共同富裕。 招商证券党委书记、董事长霍达日前在接受中国证券报记者专访时表示，实现人民对美好生活的向往是 中国式现代化的出发点和落脚点。 ■ "夯实文化软实力 积极履责显担当"系列专题报道 招商证券党委书记、董事长霍达： 霍达认为，投资者是资本市场之本，高质量开展投资者教育、保护投资者合法权益，是夯实市场信心、 激发市场活力的基础工程，是推动共同富裕、落实普惠金融的重要抓手，也是金融机构践行金融为民理 念、服务国家战略的职责使命。近年来，招商证券着力深化投资者教育工作的创新实践与长远布局，通 过构建"陪伴式"投教体系，切实守护投资者权益，助力夯实资本市场根基。 ● 本报记者 徐昭 赵中昊 厚植为民情怀 深耕创新实践 在霍达看来，从监管导向到行业实践，"以人民为中心"的发展思想已深度融入资本市场改革发展的全过 程。作为国有金融机构，招商证券始终将投教工作与践行金融使命紧密结 ...

Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of strengthening the financial sector as part of China's modernization and national rejuvenation efforts, providing a strategic blueprint for the 14th Five-Year Plan [1][3] - The State Council's recent guidelines aim to enhance regulation and promote high-quality development in the futures market, aligning with the directives from the Fourth Plenary Session [2][3] Group 1: Strategic Development - The "14th Five-Year Plan" outlines key goals and tasks for China's development, aiming for significant progress towards becoming a moderately developed country by 2035, with a focus on building a modern industrial system and promoting high-level technological self-reliance [3][4] - The plan highlights the need for steady development of futures, derivatives, and asset securitization, positioning the futures market as a critical component of national strategy [3][7] Group 2: Service to the Real Economy - The futures market is recognized for its role in risk management and resource allocation, essential for stabilizing and developing the real economy amid complex external and domestic challenges [4][5] - Companies like Hongyuan Futures are integrating deeply into the industrial chain, enhancing supply chain resilience, and providing tailored risk management services to over a thousand industrial clients [5][6] Group 3: Financial Innovation and Inclusivity - Hongyuan Futures is actively promoting green finance and inclusive finance, offering risk management services to over 300 small and micro enterprises and exploring innovative products like "insurance + futures" to support farmers [5][6] - The company is also focusing on pension finance, enhancing investor education, and applying risk management tools to long-term funds [5][6] Group 4: Compliance and Risk Management - The "14th Five-Year Plan" calls for comprehensive financial regulation and risk management, emphasizing the need for futures companies to strengthen compliance and risk management frameworks [9] - Companies are encouraged to embed futures tools into key operational processes to help enterprises effectively manage market price fluctuations and enhance their risk management capabilities [9]