Core Viewpoint - The article emphasizes the importance of developing new quality productivity through digital China construction, which is essential for promoting high-quality economic development during the 14th Five-Year Plan period [1]. Group 1: New Quality Productivity Development - New quality productivity is driven by technological breakthroughs, innovative allocation of production factors, and deep industrial transformation [2]. - The development and application of intelligent technologies, such as artificial intelligence, significantly enhance labor productivity and reshape production paradigms, leading to more efficient and precise production processes [2]. - The agricultural sector benefits from intelligent agricultural equipment that utilizes data analysis for precise irrigation and fertilization, resulting in increased crop yields and a shift from traditional farming to data-driven practices [2]. Group 2: Industrial System Transformation - The transformation of traditional industries towards intelligence, greenness, and integration is crucial for developing new quality productivity [3]. - The application of intelligent technologies in manufacturing leads to a shift from "manufacturing" to "intelligent manufacturing," enhancing customization and elevating the value chain [3]. - Emerging industries, such as virtual reality and intelligent robotics, are vital carriers for the growth of new quality productivity, created through the integration of digital technologies with existing industries [3]. Group 3: Systematic Relationship Management - A systematic approach is necessary to balance technological and institutional innovation, development and security, as well as autonomy and openness, to establish a solid foundation for new quality productivity [4][5]. - Continuous investment in cutting-edge technologies and reforms in administrative, economic, and scientific systems are essential to remove barriers to the free flow of production factors and deep integration of technology and industry [4]. - The development of responsible artificial intelligence and robust legal frameworks for data and network security is critical to mitigate risks associated with the digital economy [4]. Group 4: Digital Ecosystem Construction - The construction of a comprehensive digital ecosystem that integrates computing power supply, factor empowerment, industrial support, and talent assurance is essential for supporting new quality productivity [6]. - The establishment of advanced digital infrastructure and a unified data market is necessary to facilitate the orderly flow and application of data across various sectors [6]. - Promoting high-quality data supply and creating valuable data sets in key areas like artificial intelligence and biotechnology will enhance the application of data as a productive factor [6]. Group 5: Talent Development and Integration - The integration of artificial intelligence with the real economy, particularly in key sectors like manufacturing and agriculture, is crucial for driving innovation [7]. - A robust talent development mechanism that aligns with digital economic growth is needed to cultivate skilled professionals capable of bridging technology and industry [7]. - Enhancing digital literacy and skills across the population is vital to address disparities and ensure inclusive participation in the digital economy [7].

□ 孟亚生 今年春节9天超长假期点燃消费热情，更折射出消费市场的深刻变革。商务部监测数据显示，今年年货 市场，传统的烟酒糖茶"老三样"逐渐淡出核心，取而代之的是绿色、智能、健康类产品"新三样"。仅假 期前两天，重点平台智能穿戴设备销售额同比增长1.3倍，智能血压仪、血糖仪销售额增长超60%，有 机食品销售额增长52%。 过去，春节消费重人情、讲排场、比面子，烟酒茶糖、高档礼盒占据主流。如今，理性消费、品质消 费、悦己消费成为主流选择，人们更愿意为健康、舒适、便捷与情绪价值付费。绿色低碳代表着生活态 度，智能科技代表着效率提升，健康守护代表着深切关怀，这一转变传递出消费理念全面升级的信号。 "新三样"走俏，还传递出政策引导与市场活力必须同频共振的信号。近年来，绿色消费、智能消费得到 政策有力支持，以旧换新政策惠及数千万人次；经营主体丰富产品供给，满足多元需求。政策精准发力 与市场自发活力相结合，既激活了节日消费潜力，也为长期消费升级奠定基础。可以预见，"新三样"不 仅是春节的消费热点，更将成为拉动内需、推动经济高质量发展的新引擎。 春节消费"新三样"的走俏，不仅勾勒出消费升级的新走向，更为经营主体、产业发展与经 ...

Group 1 - The People's Bank of China announced that the one-year Loan Prime Rate (LPR) remains at 3.0% and the five-year LPR at 3.5%, unchanged for nine consecutive months, indicating potential downward space within the year [1] - The stability of the LPR aligns with market expectations, as the policy interest rates have not changed, and banks are lacking the motivation to lower LPR quotes due to a sustained low net interest margin of 1.42% [1] - Factors such as strong export performance and rapid development in high-tech manufacturing have contributed to the LPR's stability, with the central bank implementing a structural monetary policy package in January 2026 [1] Group 2 - The chief economist at CITIC Securities anticipates a high certainty of interest rate cuts within the year, with the timing dependent on the recovery of credit demand [2] - It is expected that after the initial rate cuts from structural monetary policy tools, a reduction in policy rates may occur in the second quarter, leading to a subsequent decline in LPR and guiding down loan rates for businesses and households [2] - There is a possibility that regulatory authorities will significantly lower the five-year LPR and combine it with fiscal subsidies to further reduce residential mortgage rates [2]

Group 1 - A-shares are experiencing a strong performance with multiple sectors showing structural opportunities amid a mild economic recovery and accelerated industrial upgrades [1] - Public fund institutions are optimistic about sectors such as artificial intelligence, semiconductors, and consumer goods, indicating potential investment opportunities [1][4] - The market is expected to maintain a bullish trend, driven by cyclical price increases and the expansion of AI-related activities [3] Group 2 - Incremental capital inflow into the A-share market is anticipated, supported by manufacturing investment and capital expenditure from listed companies [2] - The macroeconomic environment is favorable, with long-term planning providing ample policy space and external uncertainties easing [3] - The AI sector is a focal point for public fund strategies, with expectations of significant growth in annual recurring revenue from AI applications [4] Group 3 - The semiconductor industry is expected to see rapid changes driven by AI developments, with a focus on individual stock performance and industry trends [4] - The consumer sector is at a critical turning point, with potential for investment opportunities as consumer demand shifts towards high-end products and services [4] - Cyclical industries are highlighted as key investment narratives for 2026, with a shift from being price takers to value creators in the manufacturing sector [5]

权益类产品业绩表现亮眼 在今年以来已披露最新净值的1602只保险资管产品中，实现正收益的产品超九成。 分类型来看，固收类保险资管产品仍占据较多席位，业绩表现整体较为稳健，在1098只固收类产品中， 有1038只产品今年以来实现正收益；权益类保险资管产品有269只，今年以来有245只产品实现正收益； 混合类保险资管产品有220只，今年以来有195只产品实现正收益。 ● 本报记者 石诗语 Wind数据显示，截至2月24日，今年以来已披露最新净值的保险资管产品共有1602只，其中今年以来实 现区间正收益的产品占比高达93.2%。从产品类型看，权益类保险资管产品收益表现亮眼，有近20只产 品今年以来区间收益率超10%。展望后市，业内人士表示，保险资管机构将继续加强对科技创新、新质 生产力等重点领域优质上市公司的跟踪和挖掘。 截至2月24日，今年以来，区间收益率排名前10位的产品中有6只产品属于权益类，其余属于混合类。含 权类保险资管产品近期的高收益率主要得益于年初的市场回暖，具有一定的阶段性特征。其收益波动受 权益市场影响较大，2月以来随着部分板块的阶段性回调，含权类保险资管产品收益率也随之下行。 "今年年初，科技成 ...

辽宁在2月24日召开的全省振兴发展工作推进会上明确，要坚持从"小切口"入手、做好"大文章"，确保 营商环境短期内明显好转、根本好转，打造营商环境最佳口碑省。拿出有力举措解决拖欠企业账款问 题，聚焦企业和群众诉求，研究推出更多含金量高的政策和全链条服务。 新业态、新产业发展对营商环境提出更高要求，多地对此着墨颇多。广东表示，制造业与服务业协同发 展必然伴随新产品、新业态、新模式的持续涌现，迫切需要构建开放、包容、稳定的营商环境，呵护新 生事物成长。 同时，地方政府正以真金白银塑造产业优势。安徽2月24日发布的《关于巩固拓展经济稳中向好势头若 干政策举措》提出，深入实施新兴产业集群发展工程，统筹安排资金41亿元用于培育壮大新动能。实 施"人工智能+"行动，设立数据要素改革发展专项资金，实施一批人工智能场景创新项目。 苏商银行特约研究员付一夫表示，人工智能相关产业发展已从政策驱动转向价值驱动。地方政府正通过 政策引导与标准规范，引导企业聚焦人工智能高价值场景，形成各有侧重、优势互补、协同并进的发展 格局。打造特色产业名片，形成错位竞争优势，为经济增长注入可持续的新动能。 持续优化营商环境 营商环境是发展的沃土、竞争 ...

Core Viewpoint - The People's Bank of China has maintained the Loan Prime Rate (LPR) at 3.0% for the 1-year term and 3.5% for the 5-year term, indicating a stable monetary policy environment with potential for future rate cuts [1] Group 1: Current LPR Situation - The LPR has remained unchanged for nine consecutive months, reflecting a stable pricing basis for February [1] - The net interest margin for commercial banks has been low at 1.42%, reducing the incentive for banks to lower LPR quotes [1] - The current financing costs for the real economy are relatively low, with the average interest rate for new corporate loans at approximately 3.2%, down about 20 basis points year-on-year [1] Group 2: Future Expectations - There is a high certainty of interest rate cuts within the year, with the timing dependent on the recovery of credit demand [2] - It is anticipated that after initial structural monetary policy rate cuts, a reduction in policy rates may occur in the second quarter, leading to a subsequent decline in LPR [2] - Regulatory authorities may guide a significant reduction in the 5-year LPR, potentially combined with fiscal subsidies to lower residential mortgage rates further [2]

Core Viewpoint - Chengdu is focusing on high-quality development through industrial chain enhancement and innovation, aiming to establish a modern industrial system and improve its competitive edge in the global market [1][6]. Group 1: Industrial Cluster Development - Chengdu is promoting industrial clustering as a core form of high-quality development, transitioning from dispersed layouts to concentrated clusters through systematic policy design [2]. - The city has implemented a "chain leader + special class" mechanism to establish a focused industrial chain promotion system, creating a multi-level industrial cluster framework [2]. - Chengdu has formed trillion-level industrial clusters and hundreds of billion-level industrial chains, leading in the number of national advanced manufacturing clusters among sub-provincial cities [2]. Group 2: Innovation and Digital Transformation - Innovation is identified as the primary driver for high-quality industrial development, with Chengdu focusing on integrating innovation chains with industrial chains [3]. - The city has launched the "Smart Transformation" initiative, establishing a policy support system to facilitate digital transformation for small and medium-sized enterprises [4]. - Chengdu has achieved significant results in digital transformation, becoming the only city in the western region to win three national-level digital transformation pilot projects [4]. Group 3: Element Supply and Business Environment - Chengdu is addressing enterprise development challenges through institutional innovation to optimize resource allocation and enhance service efficiency [5]. - The city has introduced financial tools and investment funds to support key projects and small and medium-sized enterprises, ensuring land supply for priority industrial chains [5]. - Continuous improvement of the business environment has led to increased vitality in the private economy, fostering a favorable development landscape for state-owned, private, and foreign enterprises [5]. Group 4: Strategic Focus Areas - Chengdu is focusing on key areas to deepen the "building circles and strengthening chains" initiative, emphasizing innovation, ecological cultivation, and open collaboration [6][7]. - The city aims to enhance the overall competitiveness of industrial chains by promoting differentiated development of specialized industrial parks and supporting leading enterprises [7]. - Efforts are being made to accelerate industrial transformation and cultivate new productive forces, including the development of green manufacturing and strategic emerging industries [8]. Group 5: Global Integration - Chengdu is enhancing international industrial cooperation through initiatives like the China-Europe Railway Express and the Western Land-Sea New Corridor [8]. - The city is actively engaging in international capacity cooperation and promoting the "Chengdu-made, global sales" campaign to strengthen its manufacturing brand [8]. - Chengdu is working to align with international high-standard trade rules to create a market-oriented, law-based, and international business environment [8].

转自：成都日报锦观 亮出"计划书" 成都"链"动未来 成都天府长岛数字文创园的哪吒雕塑。 新华社记者 肖潇 摄 奋进正当时，策马争朝夕。 2月24日，丙午马年首个工作日，成都市召开"新春第一会"——成都市推进重点产业链高质量发展工作会议，分析全市重点产业链现状趋势， 明确全年目标任务、重点工作，以推进产业链高质量发展支撑"十五五"开好局、起好步。 立足新起点，成都如何抢抓机遇、乘势而上，进一步加快强链突破，推动聚链成群，全面提升现代化产业体系发展能级？本次会议作出全面部 署，为下一步工作亮出"计划书"、公开"路线图"。 为产业链高质量发展赋能 面向"十五五"开局之年，成都如何以科产融合，为重点产业链高质量发展赋能？"全市科技系统将聚焦推动科技创新与产业创新深度融合，加 强有组织的创新，开展有体系的撮合，推动有质效的转化。"市科技局相关负责人在会上列出"路线图"。 具体来说，成都将加快推进重大创新平台建设，增强科技源头供给；强化企业创新主体地位，提升产业技术创新能力。以"产业出题、科技答 题"，支持企业开展关键核心技术攻关；深入实施"科创天府·智汇蓉城"行动，开展产业链对接活动300场以上，加速科技成果转移转化 ...

转自：成都日报锦观 成都"新春第一会"，为何聚焦这件事？ "十五五"开局，成都"新春第一会"，17条重点产业链链长，市级各部门、各区（市）县负责人，与64家 重点企业齐聚一堂，共商产业变革、共话链式协同、共谋高质量发展。 放眼成都，"立园满园"行动持续实施，"进解优促"工作不断升级，以"链长制+专班"推进17条重点产业 链强链延链补链……产业，从来都是成都锚定的关键词。 布局"十五五"，成都提出"创新驱动、开放引领、科产融合、强县活区"发展战略；谋划全年工作，成都 再以"产业链"提笔，既稳当下，又谋长远。 为什么是"产业链"？ 产业兴则经济兴，产业强则城市强。城市发展的竞争愈发体现为产业能级的比拼较量。 加快建设全国先进制造业基地，加速构建"9+9+10"现代化产业体系，成都以"立园满园"解决产业发展载 体问题，又以"进解优促"优化产业发展环境问题，再从"重点产业链"着手，大抓产业，抓大产业。 2025年中央经济工作会议明确提出，"实施新一轮重点产业链高质量发展行动"，将产业链作为产业发展 的关键"钥匙"。 四川正以"全面深化产业建圈强链"来壮大实体经济根基，加快建设现代化产业体系。去年，四川明确提 出支持成 ...