21世纪经济研究院研究员 郑玮 2024年，我国27个省会（首府）的首位度（即省会GDP占全省的比重）出炉，东部省份的省会城市呈现出明显的特征。 对比全国27座省会城市2024年GDP数据可以发现，东部地区省会城市的经济首位度普遍较低，基本集中在全国中后游。其中， 海口2024年GDP占海南全省GDP比重为31.13%，经济首位度冲进全国省会前10，领跑东部。而同期，济南、南京两市GDP占山 东、江苏全省GDP比重分别为13.72%和13.50%。 究其原因，东部地区城市布局已基本形成或正在加速走向"双子星"或"多中心"模式，人口、资金等发展要素不再只向单一中心 集聚。 其中，"广州—深圳"是一组典型代表，在省会广州之外，改革开放后，在系列政策带动及一批科技产业支撑下，深圳极速崛 起。在长三角，区域城市布局则更趋多极化，江苏有南京和苏州，浙江有杭州和宁波，再加上上海一座"超级城市"，逐步形成 多中心城市群体系。 2025年，推进区域协调发展继续被写入政府工作报告，并明确要积极培育新的增长极。下一步，经济大省计划如何"操盘"？从 政府工作报告看，东部各省基本都将推动区域协调发展、城乡融合发展列入2025年重点任 ...

Core Viewpoint - The Guangdong Provincial Committee has issued 28 reform measures to promote the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project," aiming to enhance county-level development mechanisms, promote new urbanization, and ensure rural revitalization, thereby fostering coordinated urban-rural development and strengthening the foundation for modernization in Guangdong [1][2]. Group 1: County-Level High-Quality Development Mechanisms - Reform of county and town management systems to grant more economic and social management powers to counties [3]. - Strengthening fiscal incentives by optimizing revenue sharing and enhancing local financial autonomy [3]. - Establishing a county-level investment and financing mechanism to support local enterprises and infrastructure [3]. Group 2: Industrial Development Mechanisms - Implementing a "one county, one policy" approach to support local industries and promote regional brands [5]. - Encouraging the integration of agriculture and industry, particularly in food processing and smart agriculture [5][6]. - Promoting technological empowerment in county industries through innovation and collaboration [6]. Group 3: New Urbanization Mechanisms - Improving urban planning and management to enhance the layout of production, living, and ecological spaces in counties [7]. - Establishing a mechanism for urban renewal and integrating old and new urban development [7]. - Optimizing the classification and construction of towns to foster resource aggregation and development [7][8]. Group 4: Rural Revitalization Mechanisms - Ensuring food security by monitoring land use and promoting diverse agricultural production [9]. - Developing modern agricultural management systems to enhance collaboration among agricultural entities [10]. - Promoting beautiful rural construction through environmental improvements and resource management [10][11]. Group 5: Coordinated Urban-Rural Development Mechanisms - Enhancing infrastructure construction and maintenance to integrate urban and rural logistics [12]. - Balancing public service provision between urban and rural areas to improve overall service quality [13]. - Reforming land use policies to support rural development and address historical land registration issues [14]. Group 6: Organizational Support - Establishing a mechanism for effective implementation of reforms with clear responsibilities at various government levels [16]. - Encouraging innovative and differentiated reform approaches at the grassroots level to address local challenges [16][17]. - Promoting the replication of successful reform experiences across the province to enhance overall development [17].

行 业 及 产 业 建筑装饰 2025 年 05 月 21 日 战略引领，产业腾飞 看好 ——新疆产业链白皮书-建筑篇 证券分析师 唐猛 (8621)23297818× tangmeng@swsresearch.com 本期投资提示： 行 业 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 研 究 / 行 业 深 度 袁豪 A0230520120001 yuanhao@swsresearch.com 唐猛 A0230523080003 tangmeng@swsresearch.com 研究支持 唐猛 A0230523080003 tangmeng@swsresearch.com 联系人 证 券 研 究 报 告 ⚫ 新疆区域优势独特，战略地位突显。新疆地处亚欧大陆腹地，是中国连接中 亚、南亚、西亚和欧洲的重要陆路通道，具有"东联西出、西引东来"的通道 优势，具有极其重要的战略意义。2023 年高层指出新疆事关强国建设、民族复 兴大局，要在中国式现代化进程中更好建设团结和谐、繁荣富裕、文明进步、 安居乐业、生态良好的美丽新疆。 ⚫ 高层为新疆发展擘画蓝图，自治区加快推动 ...

封面专题： "十四五"回顾与"十五五"前瞻 2025年是"十四五"规划收官之年，也是"十五五"规划谋篇布局之年。习近平总书记在党的二十届三中 全会第二次全体会议上强调，要总结评估"十四五"规划落实情况，切实搞好"十五五"规划前期谋划工 作。2024年12月召开的中央经济工作会议提出，要扎实推动高质量发展，高质量完成"十四五"规划目标 任务，为实现"十五五"良好开局打牢基础。 回顾"十四五"，国内外发展环境发生重大深刻变化，面对复杂严峻的国际、国内环境，我国坚持稳中求 进 总基调，强化宏观政策统筹协调，推动高质量发展取得新突破：国内生产总值（GDP）跨过120万亿 元台 阶，内需对经济增长的贡献率提高，居民消费持续恢复增长，投资、贸易、金融领域发展动力和 活力增强， 新质生产力加快形成，数字经济和实体经济深度融合，经济金融领域风险有效化解，经济 社会高质量新发展 格局迈出重要步伐。 前瞻"十五五"，这是我国应对百年变局、塑造战略优势的关键时期，是开启全面建设社会主义现代化国 家 新征程后，为2035年基本实现社会主义现代化进一步夯实基础的重要阶段。在这个关键阶段，要把 稳定经 济增长放在更加突出重要位置，要尽快 ...

□ 韩宗峰 《中共中央关于进一步全面深化改革、推进中国式现代化的决定》提出，完善区域一体化发展机制，构 建跨行政区合作发展新机制。对此，要打破行政区划限制，推进江苏区域协调发展向更高水平迈进，要 推进实行统一的市场准入和公平竞争制度，为促进各类要素合理流动和高效集聚创造良好条件。同时， 区域间也有必要以南北共建园区等载体为抓手，加强平台建设、信息交流、资源共享和项目合作，促进 域内更多企事业单位以"总部+基地""研发+生产"等模式，参与到全省南北产业链双向融合中来，进一步 形成协同发展的良好格局。 对江苏而言，苏南有先进的管理理念、良好的产业基础、优秀的人才团队，苏北则有丰富的自然资源禀 赋、相对低成本的劳动力等优势。苏南、苏北两相结合，能为区域协调发展注入新动能。以光伏产业为 例，去年盐常宿淮光伏集群入围国家先进制造业集群，对于苏北三市来说，"牵手"常州市实现了这一集 群数量零的突破。常州具备发达工业基础，产业集中度高；苏北则拥有丰富的滩涂与海洋风光资源，这 种跨行政区合作有助于省内区域经济一体化。同样，"总部、研发在苏州，生产、制造在宿迁"也是苏 州、宿迁两市创新产业（300832）培育发展模式的一大探索 ...

对于普通民众而言，铁路建设带来的是实实在在的便利。随着一条条新铁路的建成和现有线路的优化， 人们的出行选择更加丰富，时间成本进一步降低。无论是探亲访友、旅游出行还是商务往来，快捷的铁 路交通都将为人们的生活和工作带来极大的便利，提升人们的生活品质。 铁路建设投资的持续增长，是我国稳增长战略定力的生动体现。在当前复杂多变的国际形势和国内改革 发展稳定的艰巨任务下，适度超前开展交通基础设施建设的战略决策正在精准落地。铁路建设投资通过 乘数效应，有力地撬动了钢铁、水泥、机械制造等上下游产业链，形成了"投资-生产-消费"的良性循 环。这不仅为经济增长提供了直接动力，还稳定了相关产业的发展，增强了经济发展的韧性。 区域协调发展一直是我国经济发展的重要目标，铁路建设在其中发挥着关键作用。从具体项目来看，成 都至达州至万州高铁的轨道铺设、成都至宜宾高铁天府站的完工，西部地区路网空白加速填补，让曾经 的"经济洼地"逐步转变为"发展高地"。这些铁路项目的推进，使得区域之间的联系更加紧密，资源得到 更合理的配置，促进了区域经济的协同发展，彰显了社会主义制度集中力量办大事的显著优势。 展望未来，国铁集团开展强网强链行动，科学有序推 ...

Core Insights - The People's Bank of China Guangdong Branch has facilitated "whole village credit" initiatives for 18,000 credit villages, amounting to over 500 billion yuan [1] Group 1: Financial Institutions and Credit Initiatives - Financial institutions in Guangdong have cumulatively implemented "whole village credit" for 18,000 credit villages [1] - The total amount of credit extended exceeds 500 billion yuan, benefiting 1.4 million agricultural entities [1] Group 2: Impact on Rural Development - The initiative aims to improve rural financial services and ecology, promoting coordinated urban-rural development [1] - The program is part of the "Hundred Million Thousand Project," which has shown effective results [1]

Core Insights - The newly constructed Yuxia High-Speed Railway from Chongqing East to Qianjiang has officially entered the trial operation phase and is expected to open in the first half of this year, marking it as the first high-speed rail line to be inaugurated this year [1][2] - In the first quarter of this year, national railway investment reached 131.2 billion yuan, a year-on-year increase of 5.2%, surpassing the growth rate of national fixed asset investment by 0.9 percentage points, indicating a strong push in major infrastructure projects as the "14th Five-Year Plan" approaches its conclusion [1][8] - A total of at least 14 high-speed rail projects are anticipated to be operational within the year, collectively spanning nearly 3,000 kilometers, with significant contributions from provinces like Liaoning and Guizhou achieving the "city-to-city high-speed rail" goal [1][2][11] Investment and Economic Impact - The railway investment growth rate is higher than the national fixed asset investment growth rate, making it a crucial driver for economic growth [8][19] - From 2020 to 2024, the new railway lines put into operation are projected to reach 4,933 kilometers, with high-speed rail accounting for 2,521 kilometers in 2020 and gradually decreasing in subsequent years [8][11] - The completion of 14 high-speed rail projects this year is expected to significantly increase the newly operational high-speed rail mileage compared to last year [11][19] Regional Development and Connectivity - The current high-speed rail construction wave emphasizes regional coordination and network enhancement, with projects like the Yangtze River High-Speed Railway strengthening the economic belt and promoting a new development pattern [12][16] - The completion of the Xiyan High-Speed Railway will end the history of Fushun not having high-speed rail, making Liaoning the first province to achieve "city-to-city high-speed rail" status this year [17][18] - The "city-to-city high-speed rail" initiative is expected to accelerate the flow of resources and talent to underdeveloped areas, enhancing local economies and tourism [18] Future Outlook - The National Railway Group plans to implement a strong network and chain action to scientifically and orderly advance railway planning and construction, ensuring the completion of the "14th Five-Year Plan" goals [22] - Major provinces like Guangdong, Zhejiang, Shandong, and others are actively planning significant investments in transportation infrastructure, with projected investments reaching billions of yuan [21][22] - The opening of high-speed rail lines is anticipated to have a substantial impact on local economies, although past issues such as remote stations and insufficient passenger flow need to be addressed for sustainable development [22]

Core Points - The "2025 Guangdong (Dongguan) - Tibet (Nyingchi) Investment Promotion Conference" successfully took place, resulting in the signing of 17 projects with a total investment of 1.28 billion yuan, aimed at enhancing economic exchanges and cooperation between the two regions [1][3] - The event was organized by the Nyingchi Municipal Government and supported by various governmental bodies, highlighting the importance of regional cooperation and investment [1][2] - Nyingchi is currently in a critical period of high-quality development, having introduced a series of favorable investment policies in areas such as taxation, finance, and land use [1][3] Investment Environment - Nyingchi's investment environment is described as superior, with participating enterprises expressing confidence in future cooperation [1][3] - The region has abundant resources, including hydropower, cultural tourism, and a burgeoning green industry, aligning well with Dongguan's industrial transformation [2][3] - The local government is committed to providing the best policies, optimized services, and rich resources to support enterprises in their investment and operations [3] Economic Development - The conference showcased the fruitful results of Nyingchi's economic and industrial development, emphasizing its potential as a vibrant investment destination [3] - The event also featured an exhibition of Nyingchi's agricultural specialty products, attracting significant public and business interest [3] - The ongoing collaboration between Guangdong and Tibet is expected to deepen, with a focus on mutual benefits and the implementation of high-quality projects [3]

Group 1 - The city is focusing on high-quality development through technology innovation and rural revitalization, aiming for urban-rural integration and regional coordinated development [1][2] - The city council is actively engaging with local enterprises to understand their production, innovation, and transformation processes, including companies like China Resources Snow Beer and Hubei Zhou Hei Ya [1] - Emphasis is placed on upgrading traditional industries while fostering emerging and future industries, with a call for increased investment in key technologies and innovation [2] Group 2 - The city aims to strengthen the deep processing of agricultural products and attract leading agricultural enterprises to enhance the agricultural processing industry [2] - The city council is committed to leveraging its role as a specialized consultative body to provide insights and strategies for industrial transformation and urban-rural integration [2]