● 本报记者 王宇露 党的二十届四中全会围绕"十五五"时期经济社会发展作出全面部署，对加快建设金融强国提出明确要 求，为全面推进强国建设、民族复兴伟业提供了根本遵循和行动指南。金融行业作为国家核心竞争力的 重要组成部分，其高质量发展是推进中国式现代化的关键支撑。建设金融强国目标的提出，赋予了金融 行业前所未有的历史责任与时代机遇。 南华基金表示，公募基金作为资本市场的重要专业力量和居民财富管理的主力军，必须深刻领会全会精 神的核心要义，自觉将行业发展融入国家发展大局，以自身的高质量发展，积极服务金融强国建设和中 国式现代化宏伟事业。 深化认识 把握方向 四是激发"创新之力"，以科技驱动和专业化建设提升核心竞争力。行业机构应积极拥抱金融科技变革， 将大数据、人工智能等前沿技术审慎应用于客户服务、投资研究、风险控制、运营管理等环节，提升决 策效率和精准度，降低运营成本。同时，要深刻认识到投资管理的专业性壁垒，持续加大投研投入，建 立稳定、专业的投研团队，打造具备自身特色和持续生命力的投研体系。 强化风险防控是生命线。南华基金表示，金融安全是国家总体安全的重要基石，基金行业必须将合规风 控摆在更加突出的位置，健全全 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the construction of a financial powerhouse as a key component for China's modernization and national rejuvenation, assigning unprecedented historical responsibilities and opportunities to the financial industry [1][2]. Group 1: Financial System Development - The core essence of building a financial powerhouse is to create a modern financial system that is complete in function, stable, efficient, open, and symbiotic with the real economy [2]. - The public fund industry plays an irreplaceable role in optimizing financing structures, promoting innovative capital formation, stabilizing capital markets, and increasing residents' property income [2]. Group 2: Responsibilities and Actions - The public fund industry must align its development with national strategies, focusing on serving the real economy and guiding social capital towards key areas of the national economy [2][4]. - Emphasizing inclusive finance, the industry aims to provide diverse, transparent, and convenient fund products to help residents share in economic growth and capital market benefits [3]. Group 3: Risk Management and Compliance - Financial safety is a cornerstone of national security, necessitating a robust compliance and risk management framework within the fund industry to prevent cross-market and cross-industry risk contagion [3][5]. - The industry must enhance governance capabilities to meet the high standards set for financial institutions, establishing comprehensive risk management systems that cover various types of risks [5]. Group 4: Innovation and Technology - The industry should embrace financial technology transformations, applying advanced technologies like big data and artificial intelligence to improve decision-making efficiency and reduce operational costs [5]. - Continuous investment in research and development is essential to build a stable and professional investment research team, enhancing the industry's core competitiveness [5]. Group 5: Collaborative Efforts - Building a financial powerhouse requires collaboration among regulatory bodies, self-regulatory organizations, market institutions, and investors [6]. - The industry must adopt a long-term development strategy, aligning its goals with national strategic needs and fostering communication and cooperation with other market participants [6].

Core Insights - The Industrial and Commercial Bank of China (ICBC) Yulin Branch is focusing on enhancing inclusive finance by driving product innovation and strengthening government-business cooperation to support the real economy [1][2][3] Group 1: Product Innovation - The bank has launched efficient financing products such as "Industrial e-loan," "Transaction e-loan," and "Merchant e-loan," which cater to various sectors including industrial manufacturing, commercial circulation, and modern agriculture [1] - As of the end of 2025, the balance of the bank's "Regional e-loan" series exceeded 2.1 billion, becoming a core driver of inclusive loan growth [1] Group 2: Support for Agriculture - The bank has developed the "Xingnong e-loan" product system to support rural revitalization, addressing the financial needs of agricultural sectors like rice, pomelo, and pig farming [2] - By the end of 2025, the balance of the "Xingnong e-loan" products reached 361 million, marking a new growth point for inclusive finance [2] - The bank has promoted the "Warehouse Receipt Pledge Loan" model to help agricultural enterprises and merchants unlock their inventory assets, issuing over 70 million in such loans throughout the year [2] Group 3: Policy Collaboration - The bank has strengthened collaboration with local governments and financial regulatory bodies to facilitate policy implementation and promote financial services [3] - In April 2025, the bank renewed a strategic cooperation agreement with the Yulin Municipal United Front Work Department to promote new inclusive products and policies, attracting significant business interest [3] - By the end of 2025, the bank had issued 3.2 million in entrepreneurial guarantee loans, supporting the development of small and micro enterprises [3]

文 | 钱钱 编辑 | 阿景 最近QDII基金圈出了个大新闻额度使用规则要变了，以后公募产品得优先用额度。 这消息一出，不管是手里有QDII的老基民，还是想配置海外资产的新手，估计都在琢磨，这到底意味 着啥？ 对咱们普通老百姓来说，QDII基金就像个"海外资产钥匙"。 想买点美股的苹果、微软，或者配置点港股的互联网巨头，甚至想分散风险买点海外债券，基本都得靠 它。 这些年大家手里闲钱越来越多，"鸡蛋不能放一个篮子"的想法也越来越普遍，QDII的作用自然越来越关 键。 额度新规，公募优先，2027年底前要完成调整 这次政策的核心很明确，QDII额度得优先给公募产品用。 监管层还定了时间表，2026年底前，基金公司得把现有额度里"挪用"到非公募的部分腾出来，到2027年 底，所有额度都得优先保障公募需求。 这步子迈得还挺快。 为啥要这么调整？说到底还是为了落实"普惠金融"。 以前额度可能更多倾向机构或者高净值人群，普通投资者想买个QDII，动不动就遇上限购。 现在明确公募优先，就是想让中小投资者也能公平享受全球资产配置的机会，这思路倒是挺实在的。 对基金公司来说，这政策可不是闹着玩的。 手里额度本来就紧张的公司， ...

Core Viewpoint - The 18th Golden Unicorn Forum emphasizes the role of finance in supporting high-quality economic development during the "14th Five-Year Plan" and outlines the strategic focus areas for the "15th Five-Year Plan" [1][10]. Group 1: Company Overview - Bohai Bank, established in December 2005 in Tianjin, is the only national joint-stock commercial bank founded with foreign investment participation since the revision of the Commercial Banking Law in 2003 [3][12]. - As of June 2025, the total assets of Bohai Bank reached 1.82 trillion yuan, with a network covering 25 provinces, municipalities, and special administrative regions in China [3][12]. Group 2: Financial Performance - During the "14th Five-Year Plan" period, Bohai Bank achieved a successful conclusion with both revenue and profit growth [3][12]. - The bank's international ratings have remained stable and positive, reflecting its solid performance amid challenging macroeconomic conditions [3][12]. Group 3: Strategic Focus Areas - The bank's core strategies for the "15th Five-Year Plan" include advancing technology finance, green finance, inclusive finance, pension finance, and digital finance [4][13]. - In technology finance, Bohai Bank aims to support the entire lifecycle of technology enterprises, focusing on key innovation regions such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macau Greater Bay Area [4][13][14]. Group 4: Green Finance Initiatives - As of December 2025, the balance of green loans reached 59.335 billion yuan, an increase of 15.95 billion yuan, with a growth rate of 36.77% [6][15]. - The bank successfully issued 5 billion yuan in green financial bonds with a low coupon rate of 1.89%, directing all funds to green low-carbon projects [6][15]. Group 5: Inclusive Finance Efforts - Bohai Bank focuses on addressing financing challenges for small and micro enterprises through supply chain finance, achieving significant efficiency in service delivery [7][15][16]. - The bank's efforts have resulted in a high customer acquisition ratio, with a 1:10 ratio of core enterprises to chain enterprises, and over 90% of new inclusive customers being driven by core enterprises [7][16]. Group 6: Pension Finance Development - The bank is actively building a pension finance ecosystem, offering dedicated savings, investment, and insurance products tailored for the elderly [8][16]. - Bohai Bank has issued the first batch of pension-themed bonds in the country, with funds allocated for health and elderly care projects [8][16]. Group 7: Digital Finance Advancements - The bank has made significant strides in digital finance, launching a new comprehensive fund management system and a data lake warehouse system [8][17]. - Bohai Bank's innovative risk control report project has been recognized at the national level, utilizing AI and machine learning for enhanced risk assessment [8][17]. Group 8: Overall Business Growth - The bank has achieved a historic breakthrough in bond underwriting, surpassing 200 billion yuan in bond financing tools for the first time, marking a 32% year-on-year increase [8][17]. - This growth reflects the bank's commitment to accurately allocate financial resources to key sectors such as technology innovation, green low-carbon initiatives, and small and micro enterprises [8][17].

文 | 胡军太 中央金融工作会议擘画蓝图，要求"做好科技金融、绿色金融、普惠金融、养老金融、数字金融五篇大 文章"。把更多金融资源分配到经济社会发展的重点领域和薄弱环节，为实体经济发展提供有力有效的 金融支持，这是时代对金融行业的要求。 做好金融"五篇大文章"，为上饶银行这样的地方性城商行指出了扎根区域、服务实体、迈向高质量发展 的路径。上饶银行扎根于江西，以服务为魂、地缘为基、创新为刃，将"五篇大文章"的政策蓝图转化为 生动实践：科技赛道点燃创新引擎、绿色征途守护生态底色、普惠田间传递民生温度、养老场景筑牢幸 福防线、数字浪潮中重构服务新生态，用实干与匠心，在赣鄱大地上交出高质量发展答卷。 科技金融 创新种子生根发芽 让科技金融的活水精准滴灌创新土壤，上饶银行搭建起一套"顶层统筹、中层联动、基层落地"的协作体 系。印发《上饶银行扎实做好科技金融大文章行动方案》，由行长挂帅，组建科技金融工作领导小组， 将资源配置、计划制定、考核推进一把抓；把科技金融纳入分支机构核心考核指标，引导金融资源向创 新领域汇聚。"真金白银"提供政策支持，实施差异化内部资金转移定价，给科技型企业贷款送上20BP 的利率优惠；将小微型科 ...

Core Viewpoint - The article emphasizes the strategic importance of consumer finance in driving economic growth, highlighting the achievements and future plans of Zhongyuan Consumer Finance as it celebrates its ninth anniversary, focusing on serving new urban residents and rural revitalization efforts [1][8]. Group 1: Achievements and Financial Metrics - As of December 2025, Zhongyuan Consumer Finance has issued over 510 billion yuan in loans, with a loan balance exceeding 44 billion yuan and serving over 28 million customers [1]. - The company has provided 253.1 billion yuan in loans specifically for new urban residents, with a loan balance of 21.4 billion yuan, impacting 12 million individuals [2]. - In key consumer sectors, the loan balance reached 29 billion yuan, accounting for 67% of total loans, with home renovation, cultural tourism, and home appliances being the primary consumption areas [7]. Group 2: Service Innovations for New Urban Residents - Zhongyuan Consumer Finance has developed tailored financial products for new urban residents, addressing their unique needs and preferences through a comprehensive risk assessment mechanism [2]. - The company has launched various digital financial services, including H5 products and mini-programs on WeChat and Alipay, to integrate financial services into the daily lives of new urban residents [2][3]. Group 3: Rural Revitalization and Financial Inclusion - The company aims to bridge the "last mile" of financial services by leveraging technology to provide accessible financial solutions in rural areas, enabling residents to complete loan processes online [3]. - Zhongyuan Consumer Finance collaborates with Zhongyuan Bank to enhance offline service capabilities, establishing dedicated teams in multiple cities to support rural financial needs [3][4]. Group 4: Consumer Market Dynamics - In the first ten months of the year, Henan Province's total retail sales of consumer goods reached 2,372.316 billion yuan, reflecting a year-on-year growth of 6.0%, surpassing the national average by 1.7 percentage points [5]. - The company has implemented a "subsidy and benefit protection" model to support national strategies for expanding domestic demand, benefiting 346 million consumers and providing over 52.46 million yuan in financial incentives [6]. Group 5: Future Directions and Commitment - Zhongyuan Consumer Finance plans to continue enhancing its financial product offerings and service models to support rural industry growth and improve the livelihoods of residents [4][8]. - The company is committed to adapting to new market conditions and expanding its inclusive financial services, aiming to contribute significantly to China's modernization efforts [8].

第四，差异化不足。不同规模、类型、发展阶段的农业经营主体，贷款需求差异大，农村金融机构 应实施差异化服务策略，根据农业经营主体特点，设计专门产品、简化流程、调整额度利率等，如为创 业初期主体提供种子资金与扶持贷款，发展壮大期提供中长期项目贷款等多元化服务，有助于优化金融 资源在不同农业经营主体间的配置，提升各主体发展动力与效率，促进农业信贷市场精细化发展。目前 看，农村金融机构尚缺乏丰富的金融产品，难以精准对接，这让一些农业主体的信贷需求得不到满足， 产生了贷款体验与数据表现之间的反差。 当然，造成一些农业主体的贷款体验与数据表现并不一致的原因较多，这也说明，农村金融市场仍 有待深耕，也大有可为，农村金融机构应补短板，平衡分配信贷资源，在追求经济效益的同时，增强使 命感与责任感，让普惠金融既"普"且"惠"。 在日前举行的一次论坛上，有专家表示，在我国普惠金融取得长足发展、普惠金融领域贷款持续保 持较快增长的同时，农村信贷结构性失衡现象仍然存在。 第二，信贷渗透率待提升。信贷渗透率关乎农村金融服务的广度和深度，尽管近年来，农村金融机 构持续深耕农村市场，农业经营主体普遍受益，但仍有金融毛细血管未能渗透到的地方。 ...

冬日的青海省海北藏族自治州门源县沃野平畴，看似荒凉却蕴含盎然生机。清晨，阳光斜切进厂 房，一片忙碌的景象铺展开来：工业园区里，物流车穿梭在道路上运输着各地的订单；山野间，牛羊悠 闲漫步，点缀如画，一幅现代产业与田园风光相互交融的美丽画卷在这片希望的田野上铺展开来。 自海北州门源县被确定为全省普惠金融示范点以来，中国人民银行海北州分行门源营管部主动作 为，以科技金融、绿色金融、养老金融、数字金融，通过创新服务、资源倾斜共同助力普惠金融示范点 建设。截至11月末，门源县各项贷款余额45亿元，同比增长11.97%，其中，普惠贷款余额29.86亿元， 占各项贷款的66.35%，普惠小微企业贷款利率最高下调297个基点，累计为普惠型小微企业减息让利近 700万元。 以科技金融服务为桥 推动普惠金融与实体融合 中国人民银行海北州分行门源营管部充分发挥融资平台桥梁纽带作用，持续加大科技型企业的信贷 倾斜力度，通过精准滴灌的金融支持，指导农行门源县支行为门源百里花海蜂业有限公司提供4笔共650 万元的信贷支持，该企业及时将资金投入到技术研发、产品升级、产能扩充中，企业核心竞争力稳步提 升，产品品质与市场认可度显著增强，并获国 ...

在位于吉林通化医药高新区的建新科技有限公司智慧工厂的生产线上，为印尼某大型镍铁项目定制 的核心冶炼部件正加紧装配。公司财务负责人拿着建设银行通化市分行批复的3.5亿元综合授信函，对 下一步承接更大海外订单底气十足。这个从一个砖厂机修车间发展起来的"制造业单项冠军示范企业"、 国家级专精特新"小巨人"企业，是通化市唯一一家荣获两项国家级殊荣的企业，建行早在2019年开始就 持续为企业输血赋能，从2600万元的贷款到3.5亿元的综合授信，建行见证了建新科技的跨越式发展， 这同时也是通化市金融助力中小微企业发展的一个缩影。 通化有2/3面积是山区，也被称为"北国山城"。从长白山麓的特色种植养殖，到"中国医药城"的专 精特新，再到走向世界的装备制造，诸多中小微企业的创业故事，共同勾勒出通化经济脉动最生动的线 条。在这线条背后，一股强大而细腻的金融力量正如同松花江的支流，蜿蜒渗透，滋养万物。这股力量 的"引擎"正是来自中国人民银行通化市分行。近年来，该行以高度的政治自觉和使命担当，将"金融工 作的政治性、人民性"书写在服务实体经济的广阔田野和工厂车间，探索出一条富有通化特色的金融支 持中小微企业发展之路，助力这座城市在 ...