Group 1 - The meeting emphasized the importance of deepening state-owned enterprise reform, enhancing the role of state-owned enterprises in building a modern industrial system, and improving their innovation capabilities [1][2] - The meeting highlighted the need to deepen financial reform, cultivate financial entities, and enhance the quality and efficiency of services to the real economy while effectively preventing and mitigating financial risks [2] - The meeting called for reforms in industrial park systems, improving management and operational mechanisms, and enhancing the role of parks as engines for project construction and industrial development [2] Group 2 - The meeting discussed the importance of improving the business environment, upgrading government services, and ensuring fair and just legal order to promote a healthy relationship between government and business [2] - The meeting stressed the need to deepen market supervision system reforms to maintain fair competition and eliminate local protectionism and market segmentation [2] - The meeting reviewed the 2025 work priorities of the Provincial Comprehensive Deepening Reform Committee and the "convenient and beneficial" micro-reform items for 2025 [3]

报载：最近，国网江苏省电力有限公司党委召开党委会，以"第一议题"形式深入学习习近平总书记的重 要文章、重要讲话以及重要会议精神，不仅彰显了公司党委对习总书记指示精神的高度重视，更体现了 公司党委将理论学习与实际工作紧密结合的坚定决心。 障，每一个环节都积极参与地方重大项目建设。在助力新能源产业发展方面，加快电网升级改造，提高 对风能、太阳能等清洁能源的消纳能力，推动地方能源结构优化，促进绿色发展。 深入学习领会，是践行使命的前提。习近平总书记在《进一步全面深化改革中的几个重大理论和实践问 题》文章中，为改革发展指明方向。公司上下深刻认识到，要更大力度推进全面深化改革，打破传统思 维定式，勇于创新管理模式，优化业务流程，提升运营效率。在电力行业不断变革的当下，积极探索新 技术应用，如智能电网建设、新能源接入等，为公司可持续发展注入强大动力。 抓好全年各项工作任务，是对习总书记重要讲话精神的有力践行。公司以更高标准自我要求，从安全生 产到优质服务，从科技创新到队伍建设，全方位发力。强化安全管理，落实安全责任，确保电网安全稳 定运行；不断提升服务质量，简化业务流程，提高客户满意度；加大研发投入，推动技术突破，为电网 ...

Core Viewpoint - 2025 is a crucial year for advancing comprehensive coverage of inspections, guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, focusing on high-quality development of inspection work [1][2][3][4]. Group 1: Inspection Focus Areas - The inspections will focus on understanding the implementation of Xi Jinping's strategic deployments in various regions, emphasizing the need to reveal political deviations in the execution of major national strategies [1][2]. - Inspections will also assess the progress of over 300 important reform measures proposed at the 20th Central Committee's third plenary session, identifying issues such as local protectionism and superficial implementation [2]. - The inspections will evaluate the integration of development and security, ensuring that local governments fulfill their responsibilities in maintaining national security [2][3]. Group 2: Party Governance and Accountability - The effectiveness of strict governance within the Party is contingent on the responsibilities of Party organizations and leaders, particularly the "first responsible person" [3][4]. - Inspections will focus on the accountability of Party committees in managing corruption risks across various sectors, including finance, state-owned enterprises, and healthcare [3]. - The inspections will also examine the construction of leadership teams and grassroots Party organizations, ensuring adherence to democratic centralism and effective decision-making [4]. Group 3: Rectification and Oversight - There is a strong emphasis on the importance of rectification following inspections, with specific attention to the responsibilities of Party committees and supervisory bodies in addressing feedback [4]. - The inspections aim to identify and rectify issues related to ineffective responses to previous problems, ensuring accountability and continuous improvement [4]. - The overall approach to inspections will prioritize political effectiveness, legal compliance, and social impact, with a focus on disciplined conduct [4].

会议指出，过去一年，我市坚决落实"4+1"重要要求和"132"工作部署，紧扣"深化改革、强基固 本"主题主线，系统谋划、统筹施策、精准发力，以改革攻坚突破推动高质量发展建设共同富裕示范区 城市范例取得标志性进展。 会议强调，今年是"十四五"规划收官之年，是浙江高质量发展建设共同富裕示范区的关键之年。要 扛起政治担当，持续强化抓改革、促共富的使命自觉，始终保持改革攻坚的锐气，主动服务全省全国战 略布局，围绕省委13项牵一发动全身重大改革和市委十大引领性集成改革，推进一批具有突破性、引领 性的改革项目，破除体制机制障碍，释放更大改革红利，以高水平改革塑造高质量发展新动能。要聚焦 核心任务，不断夯实抓改革、促共富的底座基石，坚持目标引领、服务发展、群众有感，加压加力抓工 作促落实，深化"小场景大作为""小切口大牵引"改革路径，做到问需、问计、问效统一，以改革彰显创 新特质、提升城市形象、回应群众关切。要坚持实战实效，全面完善抓改革、促共富的工作体系，健全 工作机制，强化协同配合，营造良好氛围，努力为全省全国大局贡献更多杭州经验、杭州样本。 十三届市委全面深化改革委员会第十一次会议、高质量发展建设共同富裕示范区城市范 ...

H KHJ/JX -JHDA 门川川 次会议首次提出了"统筹研究消化存量房产" 可能指向了市场近期关注的城投收购二手房的 模式。 (天风宏观宋雪涛) 图 2:水泥熟料产能利用率明显偏低(单位:%) 90 80 70 60 50 40 30 20 10 0 01周 11周 21周 31周 05周 09周 13周 15周 17周 19周 25周 27周 29周 33周 39周 03周 07周 23周 35周 37周 2021年 2020年 2022年 2023年 2024年 资料来源: Wind,天风证券研究所 图 1: 1-4 月政府债净融资同比下降 44%(单位:亿元) 120,000 100,000 80,000 60,000 40,000 20,000 0 ш ш ш III III ur 8 Z 3 u 9 6 TI t 2020年 2021年 2022年 2023年 2024年 资料来源: Wind,天风证券研究所 从政治局会议对于经济的基调来看,出台增量 政策的空间有限，加快落实存量政策可能是下 阶段的政策重心。目前存量政策仍未完全落 地, 1-4月政府债净融资规模同比下降44%,特 别国债尚未启动 ...