12月13日，2025-2026中国经济年会召开，主题为"贯彻落实中央经济工作会议精神，以高质量发展 为'十五五'开好局"。中央财办分管日常工作的副主任、中央农办主任韩文秀，国家发展改革委副秘书 长肖渭明，中国国际经济交流中心副理事长王一鸣发表演讲。 韩文秀：明年还将根据形势变化 出台实施增量政策 韩文秀表示，做好明年经济工作，要坚持稳中求进，提质增效，加大逆周期和跨周期调节，切实提升宏 观经济治理效能。去年9月26日中央政治局会议以来，先后出台实施了一系列政策措施，明年还将根据 形势变化出台实施增量政策。要协同发挥存量政策和增量政策的集成效应，推动经济稳中向好。市场经 济很大程度上是预期经济，要健全预期管理机制，做好经济宣传和舆论引导，及时回应市场关切，有效 提振社会信心。 具体而言，韩文秀表示，要继续实施更加积极的财政政策。要保持必要的财政赤字、债务总规模和支出 总量。既着眼当前，用好用足政策空间，也为应对未来风险留有余地，确保财政可持续。现在一些地方 财政困难，要建立健全增收节支机制，增强地方自主财力，兜牢基层"三保"底线。要优化支出结构，强 化国家重大战略的财力保障，推动更多资金资源投资于人，统筹用好 ...

Core Viewpoint - The 2025 Central Economic Work Conference emphasizes five "musts" to address the current economic challenges, highlighting the contradiction of strong supply and weak demand domestically, and aims to enhance economic potential through policy support and reform innovation [2][15]. Economic Situation and Policy Framework - The conference identifies persistent "old problems and new challenges" in the economy, particularly focusing on the current state of strong supply and weak demand, which aligns with the ongoing weakness in PPI and CPI [2][15]. - The 2025 conference shifts focus from the demand side issues highlighted in 2024 to the current supply-demand imbalance, indicating a need for deeper structural adjustments [2][15]. Economic Goals for 2026 - The conference outlines a focus on overall economic stability and quality improvement, stating the goal of "continuously consolidating and expanding the stable and positive momentum of the economy" without detailing specific indicators [3][16]. Fiscal and Monetary Policy - Fiscal policy remains "more proactive," with an emphasis on maintaining necessary fiscal deficits and total debt levels, while addressing local fiscal difficulties and promoting debt management [4][17]. - Monetary policy aims to support economic stability and reasonable price recovery, with a focus on flexible use of tools like reserve requirement ratio cuts and interest rate reductions [4][17]. Policy Coordination and Reform - The conference stresses the importance of enhancing the consistency and effectiveness of macroeconomic policies, integrating both existing and new policies to align with current economic goals [5][18]. - There is a notable emphasis on combining short-term policy measures with long-term institutional reforms, particularly in expanding domestic demand and addressing "involution" in competition [6][19]. Green Development and Risk Management - The conference prioritizes green and low-carbon initiatives, committing to accelerate the construction of a new energy system and expand the application of green electricity [7][20]. - Risk management strategies have evolved from "preventing and resolving" to "actively and prudently resolving," particularly in the real estate sector, where measures include controlling new supply and promoting the conversion of existing properties into affordable housing [8][20].

中新社北京12月12日电 (记者 王梦瑶)今年中央经济工作会议将"坚持'双碳'引领，推动全面绿色转 型"作为明年经济工作八项重点任务之一，释放出"方向不变、力度不减"的政策信号。 中国宏观经济研究院能源研究所副所长孙颖指出，"双碳"是发展新质生产力、构建现代化产业体系 的重要支撑，同时，坚持"双碳"引领有助于增强中国在全球绿色规则制定中的话语权，并提升产业链韧 性与安全性。将"双碳"列为八项重点任务之一，释放出"方向不变、力度不减"的明确政策信号，有利于 稳定企业投资预期、促进产业发展。 中国自2020年提出碳达峰碳中和目标以来，在应对气候变化和"双碳"工作方面取得一系列成就：非 化石能源消费比重由2020年的16.0%增至2024年的19.8%，"十四五"前四年单位国内生产总值能耗累计 下降11.6%，构建起全球最大、发展最快的可再生能源体系，全球一半以上的新能源汽车行驶在中 国…… 华北电力大学国家能源发展战略研究院执行院长王鹏指出，"十五五"规划建议中同样强调建设能源 强国和加快建设新型能源体系。经过几年探索实践，国家基本摸清新型能源体系的框架，为"十五五"期 间加快建设奠定了基础。强化能源强国战略，将 ...

Group 1 - The primary task is to maintain domestic demand as the leading force and build a strong domestic market, which is crucial for economic stability amidst international uncertainties [2] - The second task emphasizes innovation-driven growth, highlighting the need for increased market demand to stimulate corporate innovation and economic momentum [2] - The third task focuses on deepening reforms to enhance high-quality development, which is essential for generating new momentum and increasing market vitality [4] Group 2 - The fourth task is to uphold openness and promote win-win cooperation across multiple fields, despite challenges from unilateralism and protectionism in the international environment [4] - The fifth task stresses coordinated development to promote urban-rural integration and regional collaboration, which is vital for achieving common prosperity and modernization [5] - The sixth task is to lead with "dual carbon" initiatives, committing to comprehensive green transformation and environmental protection [6] Group 3 - The seventh task prioritizes people's livelihoods, aiming to improve the quality of life and ensure that every citizen experiences happiness and pride [8] - The eighth task involves maintaining a strong bottom line by proactively and prudently addressing risks in key areas, particularly in real estate and local government debt [8]

Core Viewpoint - The Central Economic Work Conference emphasizes "stability while seeking progress and improving quality and efficiency," outlining eight key tasks for economic work in the coming year, with COFCO Futures focusing on serving the real economy as its primary mission [1] Group 1: Supporting Grain Production and Supply - COFCO Futures is enhancing its services for rural revitalization by developing targeted risk management solutions to meet the actual needs of grain production [2] - The company has upgraded its "insurance + futures" service model, implementing the first corn "silver futures insurance" project in Jilin, covering 35,000 acres and addressing local cooperatives' financing and selling challenges [2] - The "insurance + futures" projects have expanded to cover 56% of provincial administrative regions in China, serving over 200,000 farmers and covering more than 2.1 million acres [2] Group 2: Promoting Green Finance - COFCO Futures aims to replicate its successful experience in the agricultural sector to other industries, particularly in green finance, aligning with the "dual carbon" goals [3] - The company is actively providing risk management solutions for new energy enterprises, helping them hedge against raw material price fluctuations and enhancing the effectiveness of carbon market pricing [3] - COFCO Futures is also strengthening research on new energy futures and assisting exchanges in developing new products like carbon emission rights futures and weather index futures [3] Group 3: Deepening Reform and Opening Up - The company is building an international service network based on its cross-border hedging experience, with a focus on covering Hong Kong, Macau, and Southeast Asia [4] - COFCO Futures plans to attract high-quality foreign traders to participate in the domestic futures market and assist domestic clients in utilizing both domestic and international markets [4] - This dual service approach aims to enhance the recognition of "Chinese prices" in the international market [4] Group 4: Innovation and AI Empowerment - COFCO Futures is exploring the use of AI technology to drive product and service innovation, showcasing its progress in an AI project report event [5] - The AI knowledge base is being applied at scale in back-office departments, enhancing brand promotion and customer service capabilities [5] - The use of AI has improved the accessibility, accuracy, and timeliness of research and investment services for clients, significantly upgrading customer experience [5] Group 5: Ensuring High-Quality Development - The conference emphasizes the importance of risk management, with COFCO Futures focusing on compliance and risk control as essential for sustainable development [6] - The company is implementing a dual protection system of internal compliance and external risk control, ensuring rigorous execution of all procedures [6] - A comprehensive risk management framework is being established, including monitoring, risk contingency plans, and early warning reports [6] Group 6: Commitment to Economic Support - COFCO Futures is committed to aligning with the core principles of the Central Economic Work Conference, supporting rural revitalization, exploring high-level opening up, and continuously innovating financial tools [7] - The company aims to provide precise futures services to support the stability of the grain supply chain and enhance agricultural competitiveness, demonstrating the value and responsibility of the futures industry in serving the real economy [7]

中央经济工作会议12月10日至11日在北京举行。会议总结2025年经济工作，分析当前经济形势，部 署2026年经济工作。 会议这些提法意涵深刻。 2025 年 中 央 经 济 工 作 会 议 经济顶压前行 向新向优发展 今年是很不平凡的一年。会议 指出,我国经济顶压前行、向新向 优发展,现代化产业体系建设持续 推进,改革开放迈出新步伐,重点 领域风险化解取得积极进展,民生 保障更加有力。 部非社 ASS 2025 年 中 央 经 济 工 作 会 议 "五个必须" 会议认为,通过实践,我们对做 好新形势下经济工作又有了新的认识 和体会: 必须充分挖掘经济潜能 必须坚持政策支持和改革创新并举 必须做到既"放得活"又"管得好" 必须坚持投资于物和投资于人紧密结合 必须以苦练内功来应对外部挑战 凯华时 ASS 2025 年 中 央 经 济 工 作 会 议 些持稳中求进 墙质增效 会议指出, 明年经济工作 在政策取向上,要坚持稳中求 进、提质增效,发挥存量政策 和增量政策集成效应,加大逆 周期和跨周期调节力度,提升 宏观经济治理效能。 部非社 AS 2025 年 中 央 经 济 工 作 会 议 SE IF E W 积极 ...

在国家"双碳"战略深入实施、山东省加快建设绿色低碳高质量发展先行区的背景下,城发集团以绿色发 展为核心导向,将技术创新与项目实践深度融合,在清洁能源开发、节能改造、智慧管控等领域深耕细作, 构建起"项目支撑、创新驱动、成效显著"的绿色发展新格局。 未来,城发集团将继续秉承绿色发展理念,推动更多高质量绿色项目落地见效,为城市绿色低碳发展注入更 强劲的"绿色动能"。 聚焦绿色基建,打造标杆项目。东部办公中心停车场光伏项目融合光伏发电与立体停车,实现"顶上发电、 楼下停车",年发电量约43.7万度,年减碳约380吨,成为"光伏+"复合利用的示范工程。 注重创新驱动,提升管理效能。城发集团自主研发"综合能源智慧管控平台",实现能源数据全景监测与智 能预警；推广"合同能源管理"模式,降低用户投入门槛；建成"光伏+储能+充电"微能源系统,助力园区用 能成本下降超15%。 绿色成效显著,贡献低碳力量。截至目前,集团已投运3个分布式光伏项目,年发电超120万度；完成7项节 能改造,年节约标煤超800吨。全部绿色项目年减碳量超过3000吨,形成规模化效益。 ...

◎五个"必须" 中央经济工作会议12月10日至11日在北京举行。中共中央总书记、国家主席、中央军委主席习近平出席会议并发表重要讲话。 习近平在重要讲话中总结2025年经济工作，分析当前经济形势，部署2026年经济工作。 ◎总结2025年和过去5年 会议指出，今年是很不平凡的一年。以习近平同志为核心的党中央团结带领全党全国各族人民迎难而上、奋力拼搏，坚定不移 贯彻新发展理念、推动高质量发展，统筹国内国际两个大局，实施更加积极有为的宏观政策，经济社会发展主要目标将顺利完 成。我国经济顶压前行、向新向优发展，现代化产业体系建设持续推进，改革开放迈出新步伐，重点领域风险化解取得积极进 展，民生保障更加有力。 过去5年，我们有效应对各种冲击挑战，推动党和国家事业取得新的重大成就，"十四五"即将圆满收官，第二个百年奋斗目标新 征程实现良好开局。 通过实践，我们对做好新形势下经济工作又有了新的认识和体会： ◎分析当前经济形势 我国经济发展中老问题、新挑战仍然不少，外部环境变化影响加深，国内供强需弱矛盾突出，重点领域风险隐患较多。 必须充分挖掘经济潜能。 必须坚持政策支持和改革创新并举。 必须做到既"放得活"又"管得好"。 ...

Core Insights - The speech by Ma Weihua emphasizes the need for climate financing to support climate technology development and build a sustainable development ecosystem [1][3] Group 1: Progress and Challenges in Sustainable Development - Since the adoption of the 2030 Sustainable Development Agenda by the UN in 2015, the overall progress has been below expectations, with over half of the projects stagnating and 18% regressing, leading to an anticipated completion rate of less than 20% by 2030 [1][3] - China has actively pursued its "3060 dual carbon" commitment, achieving significant results, including a green bond scale of nearly 4 trillion yuan and a renewable energy installation ratio of 60%, establishing the world's largest carbon market [1][3] Group 2: Climate Technology and Its Bottlenecks - Climate technology, defined by the UN Framework Convention on Climate Change, encompasses a range of technologies aimed at reducing greenhouse gas emissions and promoting green low-carbon development across the entire industry chain [2][4] - Despite China's unique advantages in climate technology, including substantial R&D investment and rapid technological iteration, several bottlenecks remain, such as high costs and safety concerns in hydrogen energy, reliance on rare lithium resources for lithium batteries, and inefficiencies in carbon capture technology [2][4] Group 3: Financing Solutions for Climate Technology - The full cycle of climate technology development requires significant funding and long-term stable investment, necessitating the establishment of a diversified and collaborative climate financing system [5] - Ma Weihua proposed four financing solutions to address the global climate financing gap exceeding $2 trillion and significant domestic gaps: cultivating patient capital, leveraging public capital to attract social capital, innovating mixed capital models, and matching financial products and services to the full cycle of financial needs [5]

(经济观察)坚持"双碳"引领为明年重点任务 方向不变力度不减 中国宏观经济研究院能源研究所研究员田磊认为，在以低碳化、零碳化为特征的新一代能源体系加速演 进背景下，中国已初步形成先发优势。随着能源系统加快以电力为中心的深度转型，中国在新型能源体 系建设中的综合优势将进一步巩固和扩大。结合能源发展的新形势新要求，制定能源强国建设规划纲 要，立足补短板、强弱项、锻长板推进各项工作，将对未来一段时期中国推动能源高质量发展、增强能 源安全保障能力、发展能源新质生产力等提供更加有力保障。 中国人民大学经济学院教授王孝松认为，未来与环保、绿色相关的行业领域有机会获得长足发展，制造 业绿色转型步伐有望加快，明年"双碳"工作将成为指引中国经济发展的重要方向，"力度将会更大，涉 及行业更广泛，效果也会更好"。(完) 来源：中国新闻网 编辑：张嘉怡 中新社北京12月12日电 (记者 王梦瑶)今年中央经济工作会议将"坚持'双碳'引领，推动全面绿色转型"作 为明年经济工作八项重点任务之一，释放出"方向不变、力度不减"的政策信号。 中国宏观经济研究院能源研究所副所长孙颖指出，"双碳"是发展新质生产力、构建现代化产业体系的重 要支撑，同 ...