以提升国际化竞争力为目标，助力打造更加开放包容的资本市场。打造具备包容度和全球吸引力的资本 市场，是坚定不移扩大高水平对外开放的重点内容，也是畅通国内国际双循环的重要环节。南方基金始 终将国际化作为重点业务布局，力争服务好中国资本市场高水平开放大局。"十五五"规划建议强调要坚 定不移扩大高水平对外开放，无论是"中国投资"还是"投资中国"，都需要专业服务机构。南方基金责无 旁贷将国际化作为重点业务布局，力争服务好中国资本市场高水平开放大局。发行国内首只权益类 QDII公募基金，率先参与各类互联互通业务试点，陆续推出首批"中新通"ETF、首批沙特ETF等行业代 表性互挂产品。公司于2008年成立南方东英资产管理有限公司，是第一家在香港成立子公司的内地基金 公司。目前南方东英已成为香港第二大ETF管理人，搭建起海外投资者布局中国资产的重要桥梁。 ——南方基金深入学习贯彻党的二十届四中全会精神 党的二十届四中全会对"十五五"时期加快建设金融强国提出明确要求、作出战略部署，为扎实高效做 好"十五五"时期金融工作提供了基本遵循。南方基金将深入学习宣传贯彻全会精神作为当前和今后一个 时期的一项重大政治任务，以实际行动诠释国 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session has set clear requirements and strategic deployments for accelerating the construction of a financial power during the "14th Five-Year Plan" period, providing fundamental guidelines for effective financial work during this period [1][11]. Group 1: Political Leadership and High-Quality Development - The "14th Five-Year Plan" is a critical period for advancing Chinese-style modernization and building a financial power, with the company emphasizing the importance of political leadership and high-quality development [2][12]. - The company aims to integrate the spirit of the plenary session into its operations, focusing on serving the national strategy, the real economy, and the capital market's high-quality development [2][12]. - The company is committed to enhancing its organizational structure by attracting high-quality talent and promoting a unique financial culture [2][13]. Group 2: Focus on Core Responsibilities and Capital Market Functionality - The "14th Five-Year Plan" emphasizes improving the inclusiveness and adaptability of the capital market, which is essential for enhancing the market's service quality and supporting new productive forces [3][14]. - The company plans to focus on developing equity funds to enhance market vitality and efficiency, recognizing their importance in optimizing the investor structure [3][14]. - The company aims to create a product matrix centered around broad-based equity indices and thematic strategies, aligning with the trend of index investment [3][14]. Group 3: Long-Term Investment Ecosystem - The company is dedicated to fostering a "long money, long investment" ecosystem to enhance market stability, which is crucial for maintaining national financial security [4][15]. - The company has been serving pension funds for 23 years, currently managing nearly one trillion yuan in pension assets and serving over 300 pension clients [4][15]. Group 4: Internationalization and Open Capital Market - The company prioritizes internationalization as a key business strategy, aiming to support China's high-level capital market opening [5][16]. - The company has launched the first domestic equity QDII public fund and has been actively involved in various cross-border investment initiatives [5][16]. Group 5: Contribution to Key Financial Areas - The company is focused on developing technology finance, green finance, inclusive finance, pension finance, and digital finance, which are essential for supporting high-quality economic development [6][17]. - The company aims to enhance its investment research capabilities to align with the strategic goals of the "14th Five-Year Plan" [6][17]. Group 6: Enhancing Customer Experience and Financial Literacy - The company is committed to improving the diversity and accessibility of its financial services, serving over 220 million clients with a 58% growth in the past five years [8][19]. - The company is actively engaged in investor education initiatives to enhance financial literacy among the public [8][19]. Group 7: Digital Transformation and AI Integration - The company is focusing on digital transformation and AI applications as core capabilities, aiming to create a comprehensive digital platform for investment research [9][20]. - The company is developing a cloud-native system to enhance the integration of investment research and improve data quality and user experience [9][20].

对于"十五五"时期党建工作的重点，任小兵透露，公司将全面加强各级党组织建设，完善党建指导员制 度，加强党的组织和工作覆盖，持续增强各级党组织政治功能和组织功能；坚决扛起全面从严治党主体 责任，把全面从严治党要求贯穿于公司经营管理和干部队伍建设全过程；加强党风廉政建设，引导党员 干部知敬畏、存戒惧、守底线，营造风清气正的政治生态；严格执行中央八项规定及其实施细则精神， 坚决反对"四风"，坚决防止"四风"问题反弹回潮。 党的二十届四中全会擘画了中国未来五年的发展蓝图，是乘势而上、接续推进中国式现代化的又一次总 动员、总部署。"十五五"时期，加快建设金融强国成为新的时代命题。风起扬帆正当时，在"十四五"即 将收官，"十五五"即将开启的节点，于服务民生需求和支持实体经济中发挥着"压舱石"和"稳定器"作用 的国有寿险公司，为"十五五"时期的高质量发展锚定了怎样的航向？ 中汇人寿保险股份有限公司党委书记、董事长任小兵近日在接受中国证券报记者专访时表示，党的二十 届四中全会对"十五五"时期加快建设金融强国提出明确要求、作出战略部署，为扎实做好"十五五"时期 金融工作提供了根本遵循。中汇人寿把全会精神与公司改革发展实际紧密结 ...

Core Viewpoint - The article emphasizes that China's economy is expected to demonstrate strong resilience and vitality, with major economic indicators aligning with expectations, and the total economic output projected to reach around 140 trillion yuan by 2025 [1]. Group 1: Economic Advantages - China possesses three major economic advantages: the potential for catching up, the new technology revolution focused on digital and green technologies, and the advantage of a super-large market economy [4][5]. - The "catching up potential" indicates that China has a growth potential of at least 20,000 USD per capita GDP to reach the level of developed countries, primarily driven by the upgrading of consumption structure and the transformation of traditional industries [5][6]. - The super-large market economy advantage includes a significant consumer base, with 400 million middle-income individuals and the potential for 800-900 million individuals transitioning to middle-income status, which can significantly expand the consumer market [6][7]. Group 2: Economic Growth Drivers - The current economic growth in China is shifting from being driven by investment and exports to being driven by innovation and consumption [8][9]. - The focus on becoming a manufacturing powerhouse, a consumer powerhouse, and a financial powerhouse is essential for sustaining economic growth and enhancing the quality of development [9][10]. - A strong capital market and robust currency are crucial for bridging the gap between manufacturing and consumption, facilitating the necessary financial support for these sectors [10][11]. Group 3: Financial Market Development - The capital market is expected to play a pivotal role in selecting projects that are marketable, profitable, and have controllable risks, thereby improving resource allocation efficiency [10][11]. - The transition to a modern capital market system is necessary as China enters a phase of innovation-driven economic growth, with more funds expected to flow into capital markets rather than traditional banking [10][12]. - A strong currency is identified as a key indicator of a financial powerhouse, with the potential for the renminbi to become more internationally recognized as China's manufacturing and trade capabilities grow [12][13].

来源：中国财富管理50人论坛 2025年12月27日—28日，由中国财富管理50人论坛主办、中关村国研财富管理研究院承办、国泰基金支 持的中国财富管理50人论坛（CWM50）2025年会（十二届）将在北京召开，广泛邀请政府部门、专家 学者和业界领袖展开高水平的思想交流，为经济和金融高质量发展建言献策，助力资管行业行稳致远。 会议主题 2025年是"十四五"规划收官与"十五五"开局衔接的关键之年。10月召开的二十届四中全会对"十五五"时 期"加快建设金融强国"提出了明确要求与战略部署，这也是"金融强国"首次写入五年规划建议。 本届年会将围绕"迈向'十五五' 建设金融强国"这一核心主题，汇聚政策制定者、行业领袖与学术专家， 共同探讨资管行业在新时代的使命与路径。 今年的中央经济工作会议对明年经济工作，特别是创新驱动与人工智能发展指明了方向，提出要深化拓 展"人工智能+"，完善人工智能治理。创新科技金融服务。 在此背景下，中国财富管理50人论坛2025年会还将举办国研平台第三届"AI+金融"峰会，携手金融与科 技领域的业界领袖、专家学者、行业精英展开高水平思想交流。 历届年会回顾 11 高质量发展的实现路径与金融支 ...

Core Viewpoint - China's economy is expected to reach approximately 140 trillion yuan by 2025, demonstrating strong resilience and vitality despite facing challenges [1] Economic Advantages - China has three main economic advantages: 1. Catch-up potential, with a GDP per capita growth potential of at least 20,000 USD to reach the level of developed countries [5] 2. New technology revolution focused on digital and green technologies [4] 3. Super-large market economy advantage, with a significant consumer base and production capacity [4][8] Economic Growth Drivers - The current economic growth is shifting from being driven by investment and exports to being driven by innovation and consumption [2][10] - The focus on becoming a manufacturing powerhouse, a consumer powerhouse, and a financial powerhouse is essential for sustainable growth [10][11] Manufacturing and Consumption - The manufacturing sector aims to enhance its position in global value chains and increase productivity through market competition [10] - The consumer market is expected to expand significantly, particularly as a large portion of the low-income population transitions to the middle-income group [7][8] Financial Market Development - A strong capital market is crucial for supporting the manufacturing and consumption sectors, requiring an evolution from traditional banking to modern capital market systems [12] - The capital market should facilitate the emergence of large innovative enterprises and support the financial needs of a growing economy [13] Currency Strength and Internationalization - A strong currency is a key indicator of a financial powerhouse, with China's manufacturing and trade positions providing a solid foundation for the internationalization of the renminbi [14][15] - Strategies to balance imports and exports while increasing the use of renminbi in international transactions are essential for enhancing its global standing [15]

习近平总书记始终高度重视"三农"工作。全会提出，农业农村现代化关系中国式现代化全局和成 色。"十五五"规划建议专章部署"加快农业农村现代化，扎实推进乡村全面振兴"，要求"提高强农惠农 富农政策效能"，提出"保护和调动农民务农种粮积极性，强化价格、补贴、保险等政策支持和协同"。 作为农业保险的"保险"，中国农再聚焦扩大农业再保险供给，深入实施农业保险约定分保机制改革 试点，财政支持的农业大灾风险分散机制的基础和核心作用初步彰显，累计为农业保险提供风险保障近 4万亿元，支付赔款约720亿元，服务农户6.5亿户次，占全国农业再保险市场份额70%以上，积极应对 局地大灾，支持直保公司及时理赔、保障农户利益，提高了农业保险行业发展的韧性，有效发挥农业再 保险国家队和主渠道作用。 党的二十届四中全会是在我国即将胜利完成"十四五"规划主要目标任务，进入基本实现社会主义现 代化夯实基础、全面发力的关键时期召开的一次重要会议，全会审议通过的《中共中央关于制定国民经 济和社会发展第十五个五年规划的建议》对未来五年发展作出顶层设计和战略擘画，对"三农"、金融、 防灾减灾等领域作出的系列部署，是新时代扎实高效做好农业保险再保险的根本 ...

Core Insights - The 2025 inaugural Boao Financial Power Conference was held in Boao, Hainan, focusing on the theme of "discussing financial power strategies to support the construction of Hainan Free Trade Port" [1][3] - The conference gathered representatives from government departments, financial institutions, academia, and enterprises to explore innovative paths for financial empowerment of the real economy [1] Group 1: Financial Innovation and Policy - Financial innovation is emphasized as a core component of national competitiveness, with a focus on leveraging technological advancements to empower the real economy and promote high-quality development [3] - Hainan Free Trade Port is positioned as a significant testing ground for financial openness and innovation, benefiting from favorable tax policies such as a dual 15% corporate and personal income tax rate, and zero tariffs [3] - The conference aims to establish four platforms: a financial policy advocacy platform, a global financial governance dialogue platform, a financial technology innovation display platform, and a platform for promoting the integration of finance and industry [3] Group 2: Sector-Specific Financial Strategies - Agricultural finance faces challenges such as high natural risks and non-standardized collateral, which can be addressed through technologies like satellite remote sensing and IoT for dynamic monitoring of biological assets [3] - The integration of "credit + insurance + futures" models is suggested to reduce financing costs through digital means [3] - Recommendations include optimizing financing structures and enhancing financial support for key sectors like artificial intelligence and low-carbon technology, with Hainan as a pilot for innovative market transactions of data assets [4] Group 3: Corporate Practices and Developments - Companies are leveraging the policy advantages of Hainan Free Trade Port to establish a "Belt and Road" food processing export base, benefiting from reduced import costs due to zero tariffs [4] - The introduction of intelligent production lines and the use of IoT and big data for supply chain optimization are highlighted as key practices for companies [4] - Future plans include establishing a health food innovation center in Hainan to attract international R&D capital and promote standardization and branding of niche products like medicinal cuisine and elderly dietary products [4] Group 4: Research and Evaluation Tools - The conference introduced the "Financial Power Index" and research findings on the "Capital Market Code," providing theoretical support and evaluation tools for the construction of a financial power [5]

岁暮天寒，思想炽热。当2026年的钟声即将敲响，全球经济格局仍在动荡中重塑，中国亦站在"十五五"规划扬帆起航的历史起点。时代之问，亟待智慧回 应；征程之艰，尤需合力破局。在此承前启后的关键节点，一场汇聚政策智慧、行业远见与学术深度的思想盛宴——"启航·2025金融年会"，将于2025年12 月26日在北京昆泰嘉晟酒店隆重启幕。 本次年会以"新开局、新动能、新征程"为核心主题，由金融界主办、梅赛德斯-奔驰（中国）战略支持，衡水老白干、戴尔特约支持，旨在搭建一个"上接天 线、下接地气"的高端对话平台。届时，监管智囊、金融领袖、实体先锋、科技闯将及学界泰斗将齐聚一堂，共话变局下的中国经济发展路径，共探金融强 国建设的实践脉络。 时代叩问：在变革中寻找确定性 2025年，是贯彻落实四中全会精神的关键之年，亦是"十五五"规划实施的开局之年。全球经济增速放缓、地缘政治波澜起伏、国内经济结构深度调整……挑 战之中，亦蕴藏重构增长逻辑、培育新质动能的重大机遇。如何理解宏观政策导向？如何激发市场内生动力？如何推动科技与产业深度融合？如何构建具有 国际竞争力的现代金融体系？——这些事关国运与行业命运的命题，亟需在碰撞与交融中凝结 ...

Core Viewpoint - The central financial work conference during the "14th Five-Year Plan" period emphasizes the goal of accelerating the construction of a financial power, aiming to create a capital market that is "safe, standardized, transparent, open, vibrant, and resilient" to promote high-quality financial development in the new era [1] Group 1: Company Development and Strategy - The company is committed to implementing the spirit of the 20th National Congress of the Communist Party and the series of important instructions from General Secretary Xi Jinping regarding financial work, focusing on a path of financial development with Chinese characteristics [1][2] - The number of party branches within the company increased from 4 to 21 during the "14th Five-Year Plan," with the proportion of party members rising from 12% to 20%, enhancing the grassroots party organization's role [2] - The company has been recognized for its strong leadership and core competitiveness, with continuous improvement in various operational indicators [2] Group 2: Focus on Core Business - The company focuses on its main responsibilities, utilizing the futures market for price discovery, risk management, and resource allocation to support the stable development of real enterprises [3] - In serving technology finance, the company has expanded its services to national-level specialized and innovative enterprises, providing comprehensive solutions such as hedging and consulting [3] - The company has established a significant advantage in green finance, contributing to the industrial chains of industrial silicon, lithium carbonate, and polysilicon, while also participating in the preparation for the listing of electricity and carbon emission rights [3] Group 3: Social Responsibility and Financial Inclusion - The company has successfully conducted 445 "insurance + futures" projects, benefiting nearly 250,000 farmers with compensation exceeding 200 million yuan [4] - It has established a public welfare futures trader education base in Chongqing, producing over 4,000 original educational materials and reaching more than 750,000 people since its operation began in October 2021 [4] - The company is enhancing its professional service capabilities in pension finance and has introduced age-friendly services to protect investor rights [4] Group 4: Regional Development - The company has been deeply involved in the "智融惠畅" project in Chongqing, assisting in the establishment of the first log futures delivery warehouse and enhancing regional resource allocation capabilities [5][6] - It provides risk management services to traditional and emerging industries in Chongqing, contributing to the growth of the "33618" modern manufacturing cluster [6] Group 5: Collaborative Development - The company is strengthening internal and external collaboration to enhance customer service quality, building a comprehensive business advantage through a nationwide collaborative network [7] - It integrates services with various stakeholders, including government, exchanges, and educational institutions, to expand its service ecosystem and enhance brand image [7] Group 6: Risk Management - The implementation of the futures and derivatives law during the "14th Five-Year Plan" is crucial for the industry to serve the real economy and mitigate financial risks [8] - The company is enhancing its risk prevention and compliance management systems, focusing on early detection and resolution of risks [8] Group 7: Future Outlook - As the "15th Five-Year Plan" begins, the company aims to continue its commitment to serving the real economy, focusing on financial innovation and risk management to support national strategic goals [9]