最新部署。 2026 年是 "十五五"开局之年。日前召开的地方国资委负责人会议明确了接下来五年地方国资国企工作的重点和任务目标。"十五五"时期，地方国资国企 工作主要目标涵盖战略使命强化、科技自立自强水平提升、布局优化、企业活力动力增强、党的领导加强等方面，提出了国有经济对经济社会发展的贡献 度进一步提高、战略性新兴产业增加值占比大幅提升等明确要求。 立足2026年，会议还部署了六方面重点工作。对于资本市场尤为关注的推进国有经济布局优化和结构调整，会议提出各地国资委以编制"十五五"规划为契 机，紧紧围绕推动国有资本"三个集中"，指导企业做强做优主业实业，更好服务现代化产业体系建设。要不断打开传统产业新的发展空间，推动企业通过 内生发展、整合并购等方面加力布局，大力培育更多新兴支柱产业。健全优化工作机制，积极稳妥做好存量国有资产盘活利用，充分发挥产权市场作用， 持续深化国有资本投资、运营公司改革。 "起步决定后势，开局关乎全局。"国务院国资委党委书记、主任张玉卓强调，各地国资委要深入贯彻落实党的二十届四中全会精神和中央经济工作会议精 神，认真落实地方党委、政府的工作要求，扎实推进国资国企工作，确保"十五五"开好 ...

Group 1: Domestic Market and Consumption - The core message emphasizes the importance of building a strong domestic market and expanding high-level openness in the context of the "14th Five-Year Plan" [1] - In the first 11 months of 2025, China's retail sales of consumer goods are expected to grow by 4.0% year-on-year, with the total expected to exceed 50 trillion yuan for the first time [1] - China aims to focus on sectors such as transportation, home services, performances, and sports events to cultivate new growth points in service consumption [1] - Measures will be taken to enhance circulation facilities and enrich consumption scenarios to stimulate potential in lower-tier markets [1] - The government will support the consumption of green and smart products, including subsidies for new smart devices, and promote a balanced development of online and offline retail [1] Group 2: Foreign Trade and Economic Cooperation - China's foreign trade is expected to show resilience, with total goods imports and exports projected to exceed 45 trillion yuan for the first time, maintaining its position as the world's largest trading nation for nine consecutive years [2] - The country plans to advance goods trade, service trade, and digital trade in a coordinated manner, while promoting balanced trade development [2] - The government will improve the management system for the negative list of cross-border service trade and gradually open up market access in service sectors [2] - There will be a focus on expanding exports of productive services, leveraging advantages in artificial intelligence, digital economy, and biomedicine to cultivate new growth points in foreign trade [2] - China will actively expand autonomous openness in various service sectors and participate constructively in global economic governance [2]

Group 1: Consumer Market Insights - The core viewpoint emphasizes the importance of boosting consumption and expanding the supply of quality consumer goods and services as outlined in the "14th Five-Year Plan" [1] - In the first 11 months of 2025, China's total retail sales of consumer goods increased by 4.0% year-on-year, with an expected annual total surpassing 50 trillion yuan [1] - Service retail growth outpaced goods retail by 1.3 percentage points, indicating strong vitality and potential in the market [1] Group 2: Service Consumption Growth - The government is focusing on key areas such as transportation, housekeeping, performances, and sports events to cultivate new growth points in service consumption [3] - Initiatives like "Service Consumption Season" and "Chinese Food Festival" will be organized to promote distinctive service consumption brands [3] Group 3: Trade and Export Strategies - China's foreign trade is expected to exceed 45 trillion yuan in 2025, with a growth rate of 3.8%, maintaining its position as the world's largest goods trader for nine consecutive years [12] - The government plans to enhance trade balance through exhibitions and targeted procurement to expand imports [16] Group 4: Open Market Initiatives - The government aims to expand high-level opening-up by increasing access in sectors like telecommunications and biotechnology, and by implementing zero-tariff measures for all African countries with diplomatic relations [20][22] - The establishment of a comprehensive overseas service platform is planned to facilitate international market expansion and trade investment integration [26]

2026年是"十五五"开局之年。 日前召开的地方国资委负责人会议明确了接下来五年地方国资国企工作的重点和任务目标。"十五五"时期，地 方国资国企工作主要目标涵盖战略使命强化、科技自立自强水平提升、布局优化、企业活力动力增强、党的领 导加强等方面，提出了国有经济对经济社会发展的贡献度进一步提高、战略性新兴产业增加值占比大幅提升等 明确要求。 二是科技自立自强水平明显提升，重点领域关键核心技术快速突破，科技领军企业数量稳步增长。 三是布局明显优化，在关系国家安全、国民经济命脉的重要行业领域控制地位持续巩固，传统产业加快 转型升级，战略性新兴产业增加值占比大幅提升。 四是企业活力动力明显增强，中国特色现代企业制度和国资监管体制更加完善定型，企业家精神、科学 家精神有力弘扬。 五是党的领导、党的建设明显加强，全面从严治党引领保障作用充分发挥。 张玉卓表示，实现"十五五"时期主要目标，要加快提升地方国资国企的"五个能力"（价值创造能力、科技创新 能力、产业升级能力、改革突破能力和党建引领能力）。 强化政策引导打开传统产业新的发展空间 立足2026年，会议还部署了六方面重点工作。对于资本市场尤为关注的推进国有经济布局优化 ...

会上，省委常委、常务副省长张海波通报了2025年我省经济社会发展主要情况及今年重点工作；省 发展改革委、省教育厅、省工业和信息化厅、省商务厅和省卫生健康委负责同志通报了相关工作情况； 刘思金、杨丽、秦松3位委员围绕参会履职作了交流发言。 葛慧君指出，全国政协十四届四次会议是我国政治生活中的一件大事，各位委员要讲政治顾大局， 进一步提高政治站位，以饱满的政治热情投入到全会的各项协商议政活动中，把坚定拥护"两个确立"、 坚决做到"两个维护"体现到履职全过程，为实现"十五五"良好开局广泛凝心聚力。要尽责任善履职，自 觉站在党和国家工作全局高度，聚焦国之大者、省之要事与民之关切，精准选题、精心准备，深入开展 调查研究，通过高质量提案、大会发言、小组讨论、社情民意信息等，为"十五五"规划制定和实施积极 建言献策，宣传好山东高质量发展的成就和美好前景。要守纪律讲规矩，倍加珍惜委员荣誉和政治身 份，严格自我要求，遵守大会规定，心无旁骛参加会议、认真履职，共同展现新时代政协委员的良好形 象。 王桂英、刘均刚、段青英等住鲁全国政协委员参加。（记者 齐静 通讯员 刘伟） 住鲁全国政协委员座谈会召开 葛慧君主持并讲话 1月15日下 ...

吴江区政协聚焦谋划"十五五"规划，在全体委员中开展"我为'十五五'规划献一策"线上线下意见征 集活动，围绕民营经济高质量发展、示范区建设、乡村振兴、城市更新等方面，向吴江区委、区政府提 出76条规划建议。 聚焦新质生产力发展，吴江区政协通过座谈走访、专家咨询和外出学习等方式，形成《关于推动科 技成果转化，赋能产业创新发展的调研与思考》，从平台赋能、政策创新、转化应用、营造生态等方面 提出20余条具体建议。 昨天（1月15日），吴江区政协十六届五次会议闭幕。会议期间，全体委员深入协商议政，积极建 言献策，广泛汇聚共识，展现出饱满的政治热情和强烈的责任担当。 截至昨天上午8时，大会收到提案248件。其中，经济建设类66件，占26.6%；社会事业类76件，占 30.6%；城乡建设类69件，占27.8%；文化建设类18件，占7.3%；政治和法制建设类19件，占7.7%。这 些提案中，由各党派团体、界别组、专门委员会、镇（街道）工作委员会提出的集体提案共54件，占 21.8%。 融入基层治理，吴江区政协以"民之所盼"作为"行之所向"，持续打造顾钧"12345"委员工作室等特 色品牌，2025年全区22个委员工作室开展履 ...

Group 1 - The meeting was convened by the Governor Liu Xiaotao to gather opinions on the "Government Work Report (Draft for Comments)" and the "14th Five-Year Plan" [1] - Participants expressed a unified commitment to high-quality development and the modernization of Jiangsu, emphasizing the importance of technological innovation, regional collaboration, and rural modernization [1] - Suggestions included enhancing the business environment, improving grassroots governance, and strengthening social welfare [1] Group 2 - Liu Xiaotao acknowledged the contributions of former leaders and emphasized the importance of their insights for Jiangsu's development [2] - He highlighted that the "15th Five-Year" period is crucial for solidifying the foundation for socialist modernization and ensuring a strong start [2] - The government aims to incorporate the feedback from the meeting into the final report and plans to create better conditions for the community [2]

Group 1 - The core conclusion of the report is that there is a relative misalignment in ROE levels between A-shares and US stocks, with US stocks at historical highs and A-shares recovering from a bottom [2][12] - The primary reasons for the ROE misalignment are the divergence in net profit margins and asset turnover rates between A-shares and US stocks [2][17] Group 2 - Net profit margin is identified as the most critical factor influencing the strong ROE in US stocks, with A-shares experiencing a gradual decline in net profit margins [3][20] - A-shares' net profit margin decreased from 5.8% to 3.9%, a change rate of -32.2%, while US stocks' net profit margin increased from 7.3% to 8.6%, a change rate of +17.7% [20][22] - The asset turnover rate for A-shares has also declined significantly, from 87% to 60%, while US stocks' turnover rate remained relatively stable [20][43] Group 3 - The leverage ratio for US stocks is significantly higher than that of A-shares, with US stocks maintaining a stable leverage ratio around 460% [5][56] - A-shares' leverage ratio is expected to rise slowly but will remain significantly lower than that of US stocks due to different corporate financing strategies [59][60] Group 4 - The report emphasizes that the long-term trend of A-shares' ROE will improve, driven by the "14th Five-Year Plan" which aims for high-quality development and increased corporate profitability [6][62] - The focus on technological innovation and the establishment of a unified national market are expected to enhance the profitability of A-share companies, leading to a systematic improvement in ROE [62][64]

Group 1: Core Insights - The "14th Five-Year Plan" emphasizes the importance of building a strong domestic market and expanding high-level opening-up, with specific measures to boost consumption and promote trade innovation [1][2] - The Ministry of Commerce aims to achieve a steady growth in the consumption market, projecting a retail sales total of over 50 trillion yuan for the year, with a 4.0% increase in the first eleven months [2][3] Group 2: Consumption Strategies - Focus on cultivating service consumption and optimizing the old-for-new policy for consumer goods, with an emphasis on green and smart products [3][4] - The strategy includes enhancing service consumption in key areas such as transportation, home services, and entertainment, while also promoting local consumption through events like "Service Consumption Season" [3][4] Group 3: Trade Innovation - The Ministry of Commerce identifies three pillars for trade development: goods trade, service trade, and digital trade, aiming to stabilize foreign trade amidst global economic challenges [5][6] - Emphasis on diversifying trade markets and balancing trade development, with initiatives to enhance import trade and support cross-border e-commerce [6][7] Group 4: High-Level Opening-Up - The Ministry plans to expand autonomous opening-up in various service sectors and implement zero-tariff measures for all trading partners in Africa [8][9] - Focus on enhancing the global supply chain and participating in global economic governance through significant events like APEC and WTO meetings [9][10]

中新网香港1月15日电 (记者 魏华都)15日，香港中华总商会在香港会议展览中心举行主题为"对接'十五 五' 共迎新机遇"的论坛。会上，香港特区政府财政司司长陈茂波与工商界人士、学者，共同探讨香港 如何在"十五五"规划期间发挥优势。 今年是"十五五"规划开局之年。陈茂波表示，"十五五"规划建议公布后，有几个重点对于香港来说是值 得留意的，一是国家扩大高水平双向开放，二是高水平科技自立自强，三是优化区域经济布局，四是加 快经济社会发展全面绿色转型。 香港中华总商会会长蔡冠深表示，香港工商界要强化连接内地与海外的枢纽角色，提升现代服务业竞争 力，建立跨境资金与投资平台，为内地企业有效、有序、安全"出海"提供全方位支援，并加强与粤港澳 大湾区、京津冀及长三角地区合作，推动高端服务业协同发展，为香港未来发展探索更多新商机。 中国社会科学院学部委员蔡昉认为，"十五五"规划强调从"投资于物"转向"投资于人"，以支撑中国式现 代化，以内需进一步推进经济发展，提升居民消费，加大公共服务供给，特别是在养老、医疗和教育 上，既可减轻家庭负担，又可促进收入公平，是增强消费动力的关键。 在论坛对谈环节中，商汤医疗联合创始人兼首席战略 ...