Core Viewpoint - The article emphasizes the need for more proactive macroeconomic policies, focusing on the coordination of fiscal, monetary, employment, industrial, and regional policies to enhance policy effectiveness and stimulate consumption and investment [1] Group 1: Policy Implementation - The implementation of a more proactive macro policy requires a focus on strengthening the coordination of various policies, ensuring consistency in direction, and utilizing a "combination punch" approach to enhance policy effectiveness [1] - There is a call for significant fiscal measures, including the introduction of "real money" to support consumption initiatives such as trade-in programs for consumer goods [1] Group 2: Consumer and Investment Support - To boost consumption, it is essential to increase the availability of consumer loans and diversify financial products to better meet residents' credit needs [1] - Effective investment expansion necessitates the use of ultra-long-term special government bonds and special bonds to increase government investment scale, while also encouraging private investment through government-led initiatives and policy incentives [1] - There is a need to enhance financial support for the real economy, aiming to reduce financing costs for the real sector and provide funding assurance for stable investment [1]

报告正文 2. 政策跟踪：制造业是国民经济的重要支柱 2.1 总书记河南考察：制造业是国民经济的重要支柱 5月19-20日，习近平总书记对"十五五"规划编制工作作出重要指示并赴河南进行考察调研。习近平总书 记指出，"十五五"规划编制要坚持科学、民主、依法决策，企业要根据规划调整战略，把握政策红利，推动 产业结构优化升级。在河南考察时，总书记强调，制造业是国民经济的重要支柱，推进中国式现代化必须保 持制造业合理比重，同时，现代制造业离不开科技赋能，要大力加强技术攻关，走自主创新的发展路子。 2.2 商务部例行发布会：做强国内市场、促进消费 5月22日，商务部召开例行新闻发布会，剔除做强国内市场，促进消费，更好发挥消费对经济循环的牵 引带动作用。发布会上，商务部剔除将加快实施提振消费专项行动，推进促消费政策落实；加快完善现代商 贸流通体系，支持再生资源回收和二手商品流通，推进电商高质量发展；加快推进内外贸一体化，帮扶企业 有效应对外部冲击。对于刚刚结束的APEC第三十一届贸易部长会议，发言人表示中方愿与各方深化经济合 作，加快区域经济一体化。 | 时间 | 事件 | 内容概要 | 主要内容 加快实施提振消费专项行 ...

Core Insights - The Henan Provincial Government has issued the "Henan Province Port Industry Development Plan (2025-2035)", aiming to establish a modern port industry system by 2030 and enhance the quality and scale of the port industry by 2035 [1][3] Industry Development Goals - By 2030, the port industry scale is expected to reach 1 trillion yuan, with over 9 large-scale port industry clusters and 3 trillion-level industrial chains [2] - By 2035, the port industry scale is projected to double to 2 trillion yuan, with over 15 large-scale clusters and 4 trillion-level industrial chains [2] Key Tasks and Strategies - The plan emphasizes a development framework of "three cores leading, five belts coordinating, and multiple points supporting" [2] - Key cities identified for development include Zhoukou, Xinyang, and Zhengzhou, with specific industrial focuses for each [6][7] Historical Context and Rationale - Historically, Henan was a major water transport province, and the plan aims to revitalize this sector to complement existing transportation modes and enhance connectivity with the Yangtze River Delta [3] Performance Metrics - Zhoukou is highlighted as the largest port in Henan, with a projected cargo throughput share exceeding 87% by 2024 [6] - Xinyang's port throughput is expected to reach 5.52 million tons in 2024, marking a 42.4% year-on-year increase [6]

【1】海南推20条措施支持城市更新 5月28日，海南省人民政府办公厅公布《关于支持实施城市更新行动若干政策措施》(以下简称《措 施》)，为城市更新工作提供政策指引。 5月28日，中梁控股发布公告，就2027年到期5%优先票据及2027年到期3%可换股债券的同意征求进行 了披露。 据悉，该政策措施一共五大类20条：从增强规划引领作用、完善土地供给保障，到创新项目监管模式、 强化资金多渠道保障等，形成一条完整的城市更新行动的"保障体系"；具体到每条政策措施，还包括容 积率的奖补、地下空间的利用，以及"边角地""夹心地"等零星地块的供地方式等。 【2】深圳发布配售型保障性住房征求意见 【4】福建省发布提振消费专项行动实施方案 5月28日，福建省人民政府办公厅发布《关于印发福建省提振消费专项行动实施方案的通知》（以下简 称《实施方案》）。据悉，《实施方案》共包含7个部分，30条政策举措，涉及就业增收、居民减负、 服务消费提质惠民、大宗消费更新升级、消费品质提升、消费环境改善以及限制措施清理优化等多个方 面。 其中，第四部分"实施大宗消费更新升级行动"聚焦于住房和汽车消费，提出推广"房票安置""共有产 权"购房、住房" ...

Core Points - The article discusses the launch of the "Yejian-Gushi 'One River, Two Banks' Ecological Priority Green Development Industrial Cooperation Zone" development plan by the Anhui and Henan provincial development and reform commissions, aimed at creating a pilot area for industrial cooperation between the Central Plains and the Yangtze River Delta [1][2] - The cooperation zone covers an area of 3,514 square kilometers, with a projected permanent population of 1.21 million and a regional GDP of 55.52 billion yuan by 2024 [1] - The plan emphasizes "industrial cooperation leading, integrated urban development, and common prosperity across the region," focusing on the construction of a demonstration industrial park, a new medium-sized city, and a collaborative prosperity zone [1][3] Summary by Sections Development Plan - The cooperation zone will include a 5 square kilometer industrial cooperation demonstration park in Yejian Economic Development Zone and Gushi County Shihewan Experimental Zone [1] - The plan aims to integrate the main urban area of Yejian with the ecological new city of Gushi County, creating a new medium-sized city with a population exceeding 500,000 [1][3] Economic Context - The cooperation is positioned as a strategic move to enhance regional collaboration, particularly between the Central Plains and the Yangtze River Delta, as highlighted in previous government documents [2] - Gushi County, with a registered population of 1.85 million, is noted for its labor resources and consumer market potential, while Yejian District is recognized for its economic growth driven by the Yangtze River Delta [2] Future Goals - By 2028, the cooperation zone aims to establish a modern industrial system, with a vision to achieve high-quality development of "One River, Two Banks, One City" by 2035 [3] - The plan includes the development of cross-regional transportation infrastructure, such as the Nanjing-Xinhe high-speed railway, to facilitate connectivity [3]

Core Viewpoint - The report "Financial Reshaping Consumption Power" emphasizes the necessity of boosting consumption in the context of economic transformation, highlighting the role of the financial industry in transitioning from mere "funding supply" to "ecosystem construction" [1][4]. Group 1: Consumption Boosting as an Economic Imperative - The need to boost consumption has shifted from an optional strategy to a mandatory requirement due to significant changes in the global economic landscape and domestic economic transformation [3]. - In 2024, the contribution rate of final consumption expenditure to economic growth in China is projected to be 44.5%, a notable decline from 2023 [3]. Group 2: Financial Role in Consumption Enhancement - The core logic for boosting consumption is encapsulated in the concepts of "ability to consume," "willingness to consume," and "daring to consume," which are interrelated and essential for a comprehensive approach to consumption enhancement [4]. - Financial mechanisms can effectively alleviate budget constraints through consumer credit, thereby facilitating the realization of consumption desires and stimulating economic circulation [4][5]. - The report warns against excessive financialization, which could lead to risks such as capital idling and squeezing real consumption demand [4]. Group 3: Financial Product and Service Diversification - Financial institutions are encouraged to provide a diverse range of products and services to lower consumption barriers and meet the varied needs of consumers, thereby unleashing consumption potential and driving overall economic expansion [6][7]. - The report identifies credit policies as a primary tool for boosting consumption, noting a significant drop in loan interest rates from the "3" range to the "2" range due to competitive pressures [7][8]. Group 4: Institutional Transformation and Collaboration - Financial institutions are transitioning from a focus on "traffic competition" to "ecosystem co-construction," with banks and consumer finance companies diversifying their offerings to enhance user engagement [11][12]. - The rise of consumption-related REITs has become a new highlight in the capital market, with an average increase of over 30% in the first quarter of 2025 [12]. Group 5: Innovation and Risk Management in Financial Services - Financial technology is seen as a key to breaking through existing challenges, with significant improvements in digital risk control models leading to lower non-performing loan rates [13]. - The report emphasizes the importance of balancing policy incentives with risk prevention to maintain a healthy cycle between consumption finance and the real economy [13][14].

从预付卡履约保障到赛事护航，再从传统到新兴消费场景，保险业正通过产品创新与生态构建，释放消 费潜力，并被视为提振消费的"稳定器"与"助推器"。然而，行业仍需在数据整合、技术应用和政策协同 上突破瓶颈，方能实现与消费升级的同频共振。这意味着，《提振消费专项行动方案》（以下简称《方 案》）深入实施的背景下，保险业需进一步打破边界。正如业内人士所言："保险业的终极目标，是让 保障如空气般融入消费全链条，让每一份风险都有解决方案，让每一次消费都充满信心。" 场景催生专属产品 保险业作为金融领域的重要支柱，正通过产品创新与服务升级，在提振消费方面展现出强大的动能。 在业内人士看来，保险业在保障和改善民生、防灾减损、服务实体经济等方面正发挥着重要作用。北京 联合大学商务学院金融系教师杨泽云表示，从行业整体发展维度观察来看，保险业通过风险兜底、信用 增信与资金支持三大路径，构建起消费提振的立体化支撑体系。 对于当前保险业在助力消费方面主要发挥的作用，首都经贸大学农村保险研究所副所长李文中也表示， 在释放消费潜力方面，旅游意外险、食品安全责任保险等各类保险产品为消费品生产、经营和消费各环 节的参与人面临的风险提供兜底保障，使 ...

Core Viewpoint - The Henan Provincial Government has issued a "Special Action Implementation Plan to Boost Consumption," focusing on enhancing consumer capacity, expanding product consumption, improving service quality, and developing new consumption models to stimulate economic growth and improve livelihoods [1][2]. Group 1: Enhancing Consumer Capacity - The plan emphasizes the importance of consumer capacity, aiming to ensure that consumers not only want to buy but can afford to do so. It combines livelihood improvement with consumption promotion to unlock the province's significant consumption market potential [2]. - Measures include increasing employment and income, with a commitment to adjust the minimum wage standard to not less than a 5% increase by 2025, thereby providing residents with more disposable income [2]. - The plan also includes tax incentives for personal pensions and expanding coverage for maternity insurance to alleviate financial burdens related to child-rearing, education, and healthcare [2]. Group 2: Employment and Skills Training - The plan sets a target of providing vocational skills training for over 2 million people by 2025 and aims to add more than 650,000 high-skilled workers [4]. - It proposes linking skill levels with wage structures to ensure that individuals can effectively utilize their skills in the job market, thereby enhancing their earning potential [4]. Group 3: Service Quality Improvement - The plan addresses the needs of special groups, such as the elderly and children, by enhancing service quality in areas like childcare and elder care, providing more high-quality options for families [5][7]. - It aims to establish a variety of childcare services and improve elderly care facilities, including the construction of 5,000 new family care beds by 2025 [7]. Group 4: New Consumption Models - The plan focuses on fostering new consumption models, including cultural tourism, low-altitude experiences, and "AI+" consumption, to create new growth points in the market [9][13]. - Initiatives include developing immersive experiences in tourism using advanced technologies like 5G and AR/VR, and promoting unique travel experiences such as helicopter tours [13]. - The plan encourages the establishment of a high-quality consumption supply system by supporting the launch of new products from well-known brands in Henan and providing financial support for opening flagship stores [13].

2024年三季度末以来，国内出台了一系列重磅政策，以求提振消费来稳定经济增长。在外部不稳定性和不确定性大幅上升的环境下，今 年的重要工作是有效促进内需发展，提振消费必然成为首要任务。 消费是收入的函数，提振消费的重要前提是改善居民收入。一个时期以来，促销费政策力度不断加大但居民可支配收入增速走低，成为 一对不可忽视的矛盾。目前我国居民收入由工资性收入、经营性收入、财产性收入和转移性收入构成。鉴于宏观环境和企业经营现状， 短中期内居民工资性和经营性收入大幅提升的可能性较小；而增加养老金和保障性收入对转移性收入仅能起到稳定的作用。现实地看， 当前和未来一个时期，增加居民财产性收入或许可以成为提振居民消费能力和信心的重要途径。在我国，居民财产性收入的主要来源包 括不动产（房地产）、理财和股票三个市场。这三大资产对居民财产性收入的影响是决定性的。 一、不动产和理财产品收益水平低位运行 目前，房地产是居民部门最主要的资产。据统计，自2000年以来，住房资产占居民非金融资产的比重常年处于90%以上，占总资产的比例 在60%以上。根据央行2019年披露的数据显示，城镇居民资产中，房产占比超过七成。自2021年四季度开始，国 ...

为了深入贯彻党中央、国务院，重庆市委、市政府及上级监管部门有关提振消费的决策部署，打造"渝 悦消费·金融畅惠"金融支持消费品牌，自今年3月份以来，重庆农村商业银行(以下简称"重庆农商行")积 极推出以江渝信用卡为支付载体的"金融+国补焕新"惠民工程，倾力支持重庆建设国际消费中心城市。 截至2025年5月21日，重庆农商行已联动全市3000余家商户构建场景消费生态圈，带动家电、数码等重 点领域消费超过5000万元，惠及家庭超过1.2万户。近日，随着酉阳、城口等县域地区场景消费生态圈 服务网络全面打通，该行开展的江渝信用卡"金融+国补焕新"惠民活动实现全市38区县全覆盖，有力推 动了全市消费提振。 据悉，重庆农商行开展江渝信用卡"金融+国补焕新"惠民工程，创新推出"渝悦焕新补贴计划"，形成了 三大特色机制，有力推动了全市消费潜力释放。 重庆农商行"金融特派员"为商户店员讲解"国补焕新 提振消费"活动内容。重庆农商行供图 ——消费满减享双补：消费者购买国补指定商品时，在享受国家补贴基础上，还可通过云闪付领取重庆 农商行江渝信用卡"满2000减88、5000减188"优惠券，实现"一键双补"。 ——分期特惠优惠多：消 ...