中国经济，正频频让人感到"超预期"。 一季度经济同比增速5.4%，超出了很多国内外机构的预测，而过去往往在四月底召开的中央政治局会议，来得也比往年更早一 些。 时间本身也是信号。 当前，经济持续回升向好的基础还需要进一步稳固，外部冲击影响加大，在这样的国内外情况下，及时召开会议并向社会传递应对 当前形势的决策判断与工作部署，可以帮助各界更好认识当前经济形势，统一思想认识，也可以更好凝聚共识。 细看中央政治局会议新闻通稿，多处表述之前都很少见。比如这句， "统筹国内经济发展和国际经贸斗争" 。和2018年的"经贸摩 擦"相比，"经贸斗争"反映出中央对当前国际形势的严峻性、长期性和艰巨性的最新判断，也正基于这样的判断，会议提出要"强化 底线思维，充分备足预案，扎实做好经济工作。" 以变应变。 会议提出， "要着力稳就业、稳企业、稳市场、稳预期" ，也蕴含不少新意。 "稳就业"排在首位，"对受关税影响较大的企业，提高失业保险基金稳岗返还比例"，表明在外部冲击加大的情况下，对就业这个民 生之首的高度重视。 稳企业、稳市场，"多措并举帮扶困难企业"，透露出宏观决策对微观经济运行主体的关切度在进一步提升。在去年9月以来一 ...

会议认为，今年以来，以习近平同志为核心的党中央加强对经济工作的全面领导，各地区各部门聚 力攻坚，各项宏观政策协同发力，经济呈现向好态势，社会信心持续提振，高质量发展扎实推进， 社会大局保持稳定。同时，我国经济持续回升向好的基础还需要进一步稳固，外部冲击影响加大。 要强化底线思维，充分备足预案，扎实做好经济工作。 会议指出，要坚持稳中求进工作总基调，完整准确全面贯彻新发展理念，加快构建新发展格局，统 筹国内经济工作和国际经贸斗争，坚定不移办好自己的事，坚定不移扩大高水平对外开放，着力稳 就业、稳企业、稳市场、稳预期，以高质量发展的确定性应对外部环境急剧变化的不确定性。 会议强调，要加紧实施更加积极有为的宏观政策，用好用足更加积极的财政政策和适度宽松的货币 政策。加快地方政府专项债券、超长期特别国债等发行使用。兜牢基层"三保"底线。适时降准降 息，保持流动性充裕，加力支持实体经济。创设新的结构性货币政策工具，设立新型政策性金融工 具，支持科技创新、扩大消费、稳定外贸等。强化政策取向一致性。 会议指出，要提高中低收入群体收入，大力发展服务消费，增强消费对经济增长的拉动作用。尽快 清理消费领域限制性措施，设立服务消费 ...

面对复杂严峻的内外部局势，紫金银行稳步推进高质量发展，展现了一家农商行"支农支小支实"的使命 担当和深耕本土的长期主义。 4月24日晚间，紫金银行披露2024年年报。数据显示，去年该行经营业绩保持稳健，总资产与存贷款规 模增长展现出良好势头，普惠金融持续提质扩面增效。同日披露的2025年一季度报告显示，截至今年3 月末，紫金银行资产规模已突破2800亿元，一季度延续良好经营态势。 紫金银行是A股首家省会城市农商行。作为地方金融生力军，2024年紫金银行坚守"服务三农、服务中 小、服务城乡"的市场定位，持续推进战略转型与业务创新，多维度提升实体经济服务质效，以自身高 质量发展助力区域经济高质量发展。 经营稳健，重点领域支持提质增效 2024年，紫金银行不畏环境变化，坚持现代商业银行方向，以推进高质量发展为主题，以服务实体经济 为主线，以改革创新为根本动力，坚守支农支小主责主业，全面深化改革转型，切实防范金融风险，强 化管理效能提升，各项工作取得了新进展、迈上了新台阶。 财报数据显示，2024年，紫金银行实现营业收入44.63亿元、净利润16.24亿元，同比均实现稳定增长。 报告期末，该行信贷客户数达10.8万户 ...

Core Insights - Aier Eye Hospital has demonstrated steady financial performance despite a slowing consumer market and intense competition, achieving a revenue of 20.983 billion yuan and a net profit of 3.556 billion yuan in 2024, with year-on-year growth of 3.02% and 5.87% respectively [1] - The company has initiated a new round of transformation and innovation to regain rapid growth, focusing on digitalization, model innovation, and organizational change [2] Financial Performance - In 2024, Aier Eye Hospital reported a revenue of 20.983 billion yuan and a net profit of 3.556 billion yuan, with outpatient visits reaching 16.9407 million, marking a 12.14% increase [1] - In Q1 2025, the company achieved a revenue of 6.026 billion yuan and a net profit of 1.05 billion yuan, reflecting a year-on-year growth of 15.97% and 16.71% respectively [1] Strategic Initiatives - The "1+8+N" strategic layout has begun to show results, with multiple eye centers operational across major cities in China, and ongoing projects in Beijing and Shenzhen [3] - Aier Eye Hospital has acquired 100% of the UK-based Optimax Group, expanding its international presence with 163 overseas eye centers and clinics [3] Organizational Changes - The company has established an organizational change team to enhance management efficiency, focusing on integrated management and collaborative systems [4] Medical Advancements - Aier Eye Hospital continues to introduce leading diagnostic and treatment technologies, achieving several "firsts" in the country, including the first implantation of advanced artificial lenses [5][6] - The company is committed to enhancing clinical capabilities and expanding its medical specialties, including ocular oncology and pediatric eye care [6] Digital Transformation - Aier Eye Hospital is advancing its digital transformation with projects like the development of a personalized digital human for ophthalmology, enhancing patient interaction and care [7][8] - The establishment of "AI Eye Hospital" aims to leverage AI for health education, diagnosis, and remote medical services, expanding access to care [8]

针对年初项目开工多、资金需求集中的情况，金融机构坚持靠前发力：一季度，工商银行公司贷款余额 首次突破17万亿元，新增项目类贷款超4000亿元；建设银行新增对公贷款超万亿元，对公贷款余额再创 新高；交通银行对公贷款实现同比多增…… 新华社北京4月24日电 题：新增贷款流向哪些领域——首季中国经济一线调研报告之八 吴雨、李延霞、张琼斯 中国人民银行发布的数据显示，一季度，我国社会融资规模增量超15万亿元、新增贷款达9.78万亿元， 均处于历史较高水平。 金融是经济的镜像。首季新增贷款流向哪些领域？折射出哪些经济发展新动向？近日，记者深入多地的 工厂商圈、金融机构，探寻资金流向，感受经济回升向好暖意。 需求回暖带动货币信贷投放"加码" 焊花飞溅、机械轰鸣，位于四川的成达万高铁项目施工现场，施工队伍正全力推进隧道掘进与桥梁架 设。 作为"八纵八横"高铁网沿江通道的重要组成部分，成达万高铁项目建设的加速推进离不开金融的一路护 航。2025年一季度，建设银行四川省分行为项目投放信贷资金4亿元，自建设以来累计向项目注入16亿 元，为项目推进提供了有力的资金保障。 今年以来，金融对实体经济的有效支持直接反映在金融数据上。一季 ...

2025.04. 24 本文字数：1460，阅读时长大约2分钟 导读 ：司法保护是知识产权保护的最后保障，也更具有威慑力。 作者 | 一财评论员 每年一度的知识产权宣传周活动正在进行中，最高人民检察院和最高人民法院（下称"最高检"和"最 高法"）也相继明确了今后加强知识产权保护方面的工作重点。 23日，最高检知识产权检察厅正式挂牌成立，标志着在检察领域我国知识产权司法保护进一步迈入 专业化、综合化的发展阶段；21日，最高法在新闻发布会上发布了《中国法院知识产权司法保护状 况（2024年）》，也发布了8件人民法院知识产权审判的典型案例。 创新是引领发展的第一动力，保护知识产权就是保护创新。全国知识产权宣传周活动迄今已连续举办 16年，自举办以来的历届宣传周主题都突出了这一点。2024年全国知识产权宣传周的主题是"知识产 权转化运用促进高质量发展"，今年的主题是"知识产权与人工智能"。两者最基础的要素是知识产权 保护和高质量发展。 加强对知识产权保护、促进高质量发展需要强调三个方面：一是知识产权所有者主体的自我保护，二 是通过行政执法保护，三是通过检察和审判强化司法保护。其中第三个方面，是知识产权保护的最后 保障 ...

Group 1 - The event "The Story of the Communist Party of China - The Practice of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era in Chongqing" attracted over 200 representatives from more than 20 countries, highlighting China's commitment to high-quality development and openness to foreign investment [1] - Japanese Mizuho Bank's president expressed optimism about the potential for collaboration between Japanese and Chinese companies in third-party markets, indicating a supportive role from the bank [1][3] - Mizuho Bank has been operating in China since 1981 and aims to assist multinational and Chinese clients seeking overseas opportunities, showcasing a long-term commitment to the Chinese market [3] Group 2 - The aging population is a significant social issue for both China and Japan, with potential for banks to assist in adapting Japanese elder care models to the Chinese market [3] - The advanced level of automation at the Chongqing Ceres Super Factory impressed Japanese representatives, emphasizing the unique advantages of Chinese companies, particularly in the new energy sector [3] - Japanese companies possess strong capabilities in environmental technology, and efforts are being made to integrate these resources to support China's green transition [4]

1. Report Industry Investment Ratings No industry investment ratings are provided in the report. 2. Core Views of the Report - The market is currently affected by various factors such as global trade wars, US tariff policies, and domestic economic policies. Different commodities show different trends and investment opportunities based on their own fundamentals and market conditions [4]. - For futures trading, different strategies are recommended for various commodities according to their supply - demand relationships, price trends, and external factors. 3. Summary According to Related Catalogs 3.1 Macro Information - The Chinese government is taking measures to stabilize employment, the economy, and promote high - quality development, including encouraging enterprises to stabilize employment, supporting foreign investment, and promoting service consumption [4]. - Fiscal revenue in the first quarter decreased by 1.1% year - on - year, while fiscal expenditure increased by 4.2% [4]. - In Beijing, the new - start area of real estate development increased by 19.1% year - on - year in the first quarter, and the sales area of new commercial housing increased by 6.2%, but the residential sales area decreased by 2.7% [4]. - The US government is discussing forming a working group to deal with supply - chain crises caused by high tariffs on Chinese goods [4]. 3.2 Futures Market 3.2.1 Stock Index Futures - Consider IH, IM cross - variety arbitrage or stay on the sidelines. The market trading volume has shrunk, and there is a strong wait - and - see sentiment. The market is affected by policy expectations and economic data [4]. 3.2.2 Treasury Bond Futures - In the case that reserve requirement ratio cuts and interest rate cuts do not exceed expectations, maintain a moderately optimistic attitude towards ultra - long - term bonds. Pay attention to reserve requirement ratio cuts, interest rate cuts, and the Politburo meeting at the end of the month [4]. 3.2.3 Shipping (Container Shipping to Europe) - Consider taking appropriate profit on short positions. The market has absorbed the expected increase in freight rates during the peak season and supply - side pressure. The freight rate may face different situations in May, with potential short - term tightness and long - term oversupply [4][5]. 3.2.4 Agricultural Products - **Cotton**: The domestic cotton price is under pressure and fluctuates at a low level. The impact of US tariffs, USDA reports, and domestic supply - demand conditions all affect cotton prices. Although there was good export data in March, the overall situation is still not optimistic [5][6]. - **Sugar**: The sugar price fluctuates due to factors such as the start of the new sugar - making season in Brazil, the reduction in India's production, and the uncertainty of the supply - demand gap [7][8]. - **Oils and Oilseeds**: Short palm oil at high prices and long soybean meal at low prices. The production of palm oil is in the seasonal increase period, while the supply of soybean meal is expected to increase in the future [9][10]. - **Eggs**: The spot price of eggs is expected to be stable and slightly strong in the short term, but the futures price is expected to fluctuate weakly. The supply is expected to increase in the future [10]. - **Apples**: Consider lightly buying near - month contracts at low prices. The spot price is firm, the inventory is low, and the market consumption is in a good state [10]. - **Jujubes**: Hold short positions and pay attention to downstream demand and abnormal changes in the production area. The supply is sufficient, and the demand is weak [10]. - **Pigs**: Consider shorting the LH2507 contract at high prices. The demand is in the off - season, and the supply is increasing [11]. 3.2.5 Energy - **Crude Oil**: The price of crude oil has rebounded slightly. OPEC+ plans to increase production in May, and the US economic slowdown and trade wars affect the demand. The market is in a state of super - decline repair, and the price is expected to be volatile and slightly strong [12]. - **Fuel Oil**: The demand for fuel oil is declining, but there is still power - generation demand in the high - sulfur summer. It is expected to fluctuate with the oil price [13]. 3.2.6 Chemicals - **Plastic**: L is expected to fluctuate weakly, while PP can be considered for long positions in the near - month contract after a correction and short positions in the far - month contract [14]. - **Methanol**: The price of methanol is expected to fluctuate weakly due to the increase in supply and the weakening of demand [15]. - **Caustic Soda**: The spot price of caustic soda is expected to be weak after a restocking cycle. The futures price is expected to follow a similar trend [16]. - **Soda Ash and Glass**: The price of soda ash is expected to fluctuate weakly due to high supply and inventory. The price of glass is expected to be weak as the market expectation is pessimistic [17][18]. - **Asphalt**: The price of asphalt is expected to be in the range of 3250 - 3350 yuan without a significant increase in crude oil prices [19]. - **Pulp**: The fundamentals are short - term weak. Pay attention to the arrival rhythm in April and the inventory rhythm [20][21]. - **Urea**: Keep a long - position idea for the UR09 contract at low prices as the supply and demand are expected to be strong in the later stage [22]. 3.2.7 Metals - **Aluminum and Alumina**: Aluminum is expected to fluctuate weakly, while alumina is expected to oscillate at the bottom and can be considered for long positions at low prices [23]. - **Lithium Carbonate**: Consider an oscillatory approach as the short - term price is mainly affected by its own supply - demand changes [24]. - **Industrial Silicon and Polysilicon**: Industrial silicon is expected to be bearish, while polysilicon has over - supply pressure in the medium term [26][27]. - **Steel and Iron Ore**: The market is expected to oscillate in the short term and decline weakly in the long term [27][28]. - **Coking Coal and Coke**: The price of coking coal and coke is expected to be weak in the short term [30]. - **Ferroalloys**: Short manganese silicon at high prices and long silicon iron at low prices [31].

国务院总理李强4月18日主持召开国务院常务会议，研究稳就业稳经济推动高质量发展的若干 举措，听取"3·15"晚会曝光问题处置情况汇报，讨论《中华人民共和国社会救助法（草 案）》，审议通过《中华人民共和国植物新品种保护条例（修订草案）》。 会议指出，面对复杂严峻的外部环境，要深入贯彻中央经济工作会议部署，加力落实《政府工 作报告》明确的政策措施，锚定经济社会发展目标，加大逆周期调节力度，着力稳就业稳外 贸，着力促消费扩内需，着力优结构提质量，做强国内大循环，推动经济高质量发展。要鼓励 企业积极稳定就业，加大职业技能培训力度，扩大以工代赈等支持，加强就业公共服务。要稳 定外贸外资发展，一业一策、一企一策加大支持力度，支持外资企业境内再投资。要促进养 老、生育、文化、旅游等服务消费， 扩大有效投资，大力提振民间投资积极性。 要持续稳定 股市 ，持续推动房地产市场平稳健康发展。 相关举措一旦推出，要直达企业和群众，提高落 地效率，确保实施效果。 会议指出，"3·15"晚会曝光问题处置工作已取得阶段性进展，要坚持举一反三、标本兼治， 强化日常监管和预防工作，聚焦民生关切强化质量安全监管，进一步压紧压实全链条监管责 任， ...

Group 1 - Liu Ning emphasized the importance of grassroots governance and the need for innovation-driven high-quality development during his visit to Shenqiu and Xihua counties [2][4] - The focus on anti-corruption efforts at the grassroots level aims to enhance public trust and ensure effective governance, with a call for concentrated rectification in key areas [2][3] - The steel industry in the region is adopting environmental technologies such as flue gas desulfurization and denitrification to achieve low-carbon and efficient production [3] Group 2 - The electronic information industry is highlighted as a leading sector in Zhoukou, with an emphasis on continuous technological upgrades for sustainable development [3] - Liu Ning stressed the need for innovation and digital empowerment to enhance efficiency and optimize structure in enterprises, aiming for high-end development to capture market share [3] - The agricultural sector is encouraged to leverage cultural heritage and modern agricultural practices to promote rural revitalization and contribute to the construction of a strong agricultural province [3][4]