行业研究丨点评报告丨建筑与工程 [Table_Title] 国常会审议通过三北工程规划，重视园林生态及 区域标的 丨证券研究报告丨 报告要点 [Table_Summary] 8 月 22 日召开的国务院常务会议审议通过《"三北"工程总体规划》。会议指出，要增强使命 感、责任感，锲而不舍推进工程建设，切实筑牢我国北方生态安全屏障。 分析师及联系人 [Table_Author] SAC：S0490520080022 SAC：S0490522060005 SAC：S0490525070008 SAC：S0490525080003 SFC：BUT917 张弛 张智杰 袁志芃 龚子逸 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 建筑与工程 cjzqdt11111 [Table_Title 国常会审议通过三北工程规划，重视园林生态 2] 及区域标的 [Table_Summary2] 事件描述 8 月 22 日召开的国务院常务会议审议通过《"三北"工程总体规划》。会议指出，要增强使命 感、责任感，锲而不舍推进工程建设，切实筑牢我国北方生态安全屏障。 事件评论 风险提示 丨 ...

怎样才算到了南疆呢？看见大漠黄沙，遥望雪峰高耸，走近巴扎时闻见烤肉的烟火气，抑或路过乡道时 偶遇一群牛羊拦住去路？这些场景当然都是南疆，但总有"横看成岭侧成峰"之感。 最近一次赴南疆采访，飞机越过绵延天山，掠过沙漠抵近机场时，我从舷窗俯瞰——黄沙将尽，绿洲乍 现的那一刻，南疆这片围绕在沙海边缘，迸发着生命与希望的奇迹之地突然清晰起来。是的，看见树影 婆娑才是真正抵达南疆。 南疆地处天山以南、昆仑山以北，塔克拉玛干沙漠横卧其中，包含喀什、和田、阿克苏、克州、巴州5 个地级行政区。在南疆，不同的地貌生长着不同的树。沙漠深处，抽发嫩芽的小胡杨旁是不知道枯死了 多久但依然昂首挺立的老胡杨；农田周边，一排排笔直的新疆杨防风林带下是正待采摘的核桃树。只要 在南疆出门走走，那些灰扑扑、土蒙蒙的枝枝叶叶总会提醒你这是沙漠边缘的某处地方。 不同于许多人心中黄沙漫天的刻板印象，也许树才是南疆最显眼的标识。树木、小草和庄稼连成片片绿 洲，因为绿洲的存在，人们得以在沙海之畔延续千年文明。庄稼一茬茬播种收割，小草一年年枯萎重 生，唯有大树捱过一次次的风沙、一年年的干旱、一个又一个寒冷的冬天，总是坚定地扎根在这片土地 上。 穿越塔里木河 ...

更好发挥"两新"政策对扩大内需的推动作用 ◎新华社北京8月22日电 国常会要求完善"两新"政策实施机制、释放体育消费潜力 国务院总理李强8月22日主持召开国务院常务会议，听取实施大规模设备更新和消费品以旧换新政策情 况汇报，研究释放体育消费潜力进一步推进体育产业高质量发展的意见，审议通过《"三北"工程总体规 划》，部署开展海洋渔船安全生产专项整治工作。 会议指出，大规模设备更新和消费品以旧换新政策，在稳投资、扩消费、促转型、惠民生等方面取得明 显成效。要在对政策实施情况进行认真总结评估的基础上，加强统筹协调，完善实施机制，更好发挥对 扩大内需的推动作用。要严厉打击骗补套补行为，确保补贴资金用到实处、见到实效。要进一步强化财 税金融等政策支持，创新消费投资场景，优化消费投资环境，综合施策释放内需潜力。 会议指出，发展体育产业和体育消费是落实扩大内需战略的重要内容。要增加体育产品供给，丰富体育 赛事活动，推动体育用品升级，强化产业要素支撑，提升服务保障水平，培育体育产业增长点，加快构 建现代体育产业体系。要激发体育消费需求，拓展体育消费场景，鼓励各地举办体育消费活动，实施消 费惠民举措，更好满足群众消费升级需求。 ...

国常会要求完善"两新"政策实施机制、释放体育消费潜力 会议指出，实施"三北"工程是国家重大战略，事关我国生态安全、事关强国建设、事关中华民族永续发 展。要增强使命感、责任感，锲而不舍推进工程建设，切实筑牢我国北方生态安全屏障。要加强规划统 筹衔接，更好实行山水林田湖草沙一体化保护和系统治理，落实财税、土地等支持政策，引导各地因地 制宜发展特色产业，实现生态效益、经济效益、社会效益多赢。要压实各方后期管护责任，探索建立长 效机制，鼓励各类经营主体共同做好工程建设后半篇文章。 会议指出，渔船安全生产涉及到广大渔民、船东、船员等切身利益。要把开展海洋渔船安全生产专项整 治与促进渔业高质量发展结合起来，支持老旧渔船改造提升，加强渔港建设管理，提高渔民安全素养， 用好人工智能等技术，实现海洋渔船安全监管全链条加强、本质安全水平全要素提升。 更好发挥"两新"政策对扩大内需的推动作用 会议还研究了其他事项。 ◎新华社北京8月22日电 国务院总理李强8月22日主持召开国务院常务会议，听取实施大规模设备更新和消费品以旧换新政策情 况汇报，研究释放体育消费潜力进一步推进体育产业高质量发展的意见，审议通过《"三北"工程总体规 划》 ...

卢琦表示，"三北"工程作为国家重大战略，实施过程中要秉持整体观、系统观，统筹好山水林田湖草 沙，解决好水土资源的调配和优化，进行全系统治理。 新华社北京8月22日电（记者黄垚）22日召开的国务院常务会议审议通过《"三北"工程总体规划》。实 施"三北"工程是国家重大战略，事关我国生态安全、事关强国建设、事关中华民族永续发展。会议指 出，要增强使命感、责任感，锲而不舍推进工程建设，切实筑牢我国北方生态安全屏障。 当前，"三北"工程攻坚战正处在全面推进、攻坚克难的关键阶段。会议明确，要压实各方后期管护责 任，探索建立长效机制，鼓励各类经营主体共同做好工程建设后半篇文章。 "新时期，'三北'工程科学治沙理念实现了从单一植被建设转变为全域生态修复，从求生存转变为求发 展、求美丽、求幸福。"中国林科院首席科学家、三北工程研究院院长卢琦说，审议通过的总体规划适 应新形势新要求，为下一步工作更加精准地指明了方向。 国家林草局生态保护修复司相关负责人表示，林草部门将按照工程规划确定的时间表、路线图，坚定不 移抓落实、一张蓝图绘到底，持续用力、久久为功，确保如期完成目标任务，不断提升生态系统的多样 性、稳定性和持续性，把祖国北疆 ...

Core Viewpoint - The meeting emphasized the importance of large-scale equipment updates and the old-for-new consumption policy in stabilizing investment, expanding consumption, promoting transformation, and benefiting people's livelihoods [2][3]. Group 1: Large-scale Equipment Updates and Consumption Policies - The large-scale equipment update and old-for-new consumption policies have shown significant results in stabilizing investment and expanding consumption [2]. - There is a need for a thorough evaluation of the policy implementation, enhancing coordination, and improving the implementation mechanism to better stimulate domestic demand [2]. - Strict measures will be taken to combat fraudulent subsidy claims, ensuring that subsidy funds are effectively utilized [2]. Group 2: Development of the Sports Industry - The development of the sports industry and sports consumption is a crucial part of the strategy to expand domestic demand [3]. - There is a focus on increasing the supply of sports products, enriching sports events, and upgrading sports goods to support the growth of the sports industry [3]. - Efforts will be made to stimulate sports consumption demand and encourage local sports consumption activities to meet the upgrading needs of consumers [3]. Group 3: "Three Norths" Project - The "Three Norths" project is a significant national strategy related to ecological security and sustainable development [3]. - The project aims to enhance ecological protection and promote the integrated management of natural resources [3]. - There is an emphasis on establishing a long-term management mechanism and encouraging various stakeholders to contribute to the project's ongoing success [3]. Group 4: Marine Fishing Safety - The safety of marine fishing vessels is crucial for the interests of fishermen, shipowners, and crew members [4]. - The meeting highlighted the need to combine marine fishing safety inspections with the promotion of high-quality development in the fishing industry [4]. - There will be a focus on upgrading old fishing vessels and improving safety awareness among fishermen [4].

来源：新华社 李强主持召开国务院常务会议 听取实施大规模设备更新和消费品以旧换新政策情况汇报等 国务院总理李强8月22日主持召开国务院常务会议，听取实施大规模设备更新和消费品以 旧换新政策情况汇报，研究释放体育消费潜力进一步推进体育产业高质量发展的意见，审议通 过《"三北"工程总体规划》，部署开展海洋渔船安全生产专项整治工作。 会议指出，大规模设备更新和消费品以旧换新政策，在稳投资、扩消费、促转型、惠民生 等方面取得明显成效。要在对政策实施情况进行认真总结评估的基础上，加强统筹协调，完 善实施机制，更好发挥对扩大内需的推动作用。要严厉打击骗补套补行为，确保补贴资金用 到实处、见到实效。要进一步强化财税金融等政策支持，创新消费投资场景，优化消费投资 环境，综合施策释放内需潜力。 会议指出，发展体育产业和体育消费是落实扩大内需战略的重要内容。要增加体育产品供 给，丰富体育赛事活动，推动体育用品升级，强化产业要素支撑，提升服务保障水平，培育 体育产业增长点，加快构建现代体育产业体系。要激发体育消费需求，拓展体育消费场景， 鼓励各地举办体育消费活动，实施消费惠民举措，更好满足群众消费升级需求。要更加注重 调动市场力量 ...

Group 1: Economic Policies and Consumer Demand - The large-scale equipment update and consumer product exchange policy has achieved significant results in stabilizing investment, expanding consumption, promoting transformation, and benefiting people's livelihoods [1] - There is a need to strengthen coordination and improve implementation mechanisms to better drive domestic demand [1] - The government aims to combat fraudulent subsidy claims to ensure that subsidy funds are effectively utilized [1] Group 2: Sports Industry Development - Developing the sports industry and sports consumption is a key part of the strategy to expand domestic demand [2] - The government plans to increase the supply of sports products, enrich sports events, and enhance the level of service and support for the sports industry [2] - There is an emphasis on stimulating sports consumption demand and encouraging local initiatives to host sports consumption activities [2] Group 3: Environmental and Safety Initiatives - The "Three Norths" project is a major national strategy related to ecological security and sustainable development [2] - The government is focused on integrating various environmental protection efforts and ensuring the long-term management of ecological projects [2] - The safety of marine fishing vessels is crucial for the interests of fishermen and shipowners, with a focus on upgrading old fishing vessels and improving safety management [3]

Core Viewpoint - Inner Mongolia Bank is increasing its comprehensive credit line to Mongolian Grass Ecology, a listed company focused on grass seed technology, by 1.3 billion yuan, which will enhance its debt structure and provide liquidity support for supply chain collaboration [1][2]. Group 1: Financial Support and Growth - Since 2009, Inner Mongolia Bank has provided continuous financial support to Mongolian Grass Ecology, starting with an initial loan of 5 million yuan, which has grown to over 5 billion yuan in cumulative loans by May 2025, marking an increase of nearly 1,000 times [2][3]. - The bank's support has been crucial in helping Mongolian Grass Ecology overcome technical challenges in ecological restoration and achieve a full industry chain transformation by 2012 [2][3]. Group 2: Innovative Financial Services - Inner Mongolia Bank has implemented a comprehensive financial service model that combines financing and intelligence, with 65% of special loans directed towards the integrated development of local seed resources [4][5]. - The bank has introduced innovative financing mechanisms, such as "PPP project special loans" and a dual guarantee mechanism, to address the long project cycles and slow returns typical in ecological restoration projects [5][6]. Group 3: Strategic Collaboration and Ecological Impact - The collaboration between Inner Mongolia Bank and Mongolian Grass Ecology has resulted in over 20 ecological restoration projects, contributing to the management of over one million acres of desertification [6][7]. - The bank has established a differentiated credit strategy to support key ecological vulnerable areas, enhancing the effectiveness of green financial services through innovative pricing and monitoring technologies [6][7]. Group 4: Long-term Commitment to Green Finance - Inner Mongolia Bank's commitment to green finance is reflected in its strategic alignment with national ecological protection goals, focusing on desertification prevention and ecological restoration [6][7]. - The bank aims to extend its successful financial support model across the entire industry chain, promoting sustainable economic and social benefits in ecological civilization construction [7].

Core Points - Inner Mongolia has seen an increase in migratory bird species and populations, including endangered species like the red-crowned crane and the great bustard, attributed to its improving ecological environment and expanding "green territory" [1][3] - The "Three-North" project has made significant progress, with Inner Mongolia completing 13.31 million acres of construction tasks in 2023 and 30.6 million acres planned for 2024, leading the nation in desertification control efforts [1][3] - The Yellow River "bent" area has implemented a comprehensive sand control strategy, reducing sediment flow into the river from 27 million tons to 4 million tons annually [3][4] Group 1 - Inner Mongolia recorded its first summer stay of the swan species, with four swans observed in Tengger Lake Wetland [1] - The region's ecological restoration efforts have led to a significant increase in the number of migratory birds and endangered wildlife [1][3] - The "Three-North" project is entering a new phase of high-quality development, with a focus on combating desertification [1][3] Group 2 - The Yellow River "bent" area has completed over 42 million acres of "Three-North" project tasks and 23 million acres of desertification control since the beginning of 2023 [3][4] - The ecological restoration in the Kubuqi Desert has established multiple protective barriers, significantly reducing sediment flow into the Yellow River [3][4] - Inner Mongolia's efforts in the Khorchin and Hunshandak areas have led to the elimination of nearly 60,000 acres of bare sand land [4] Group 3 - The region has developed a comprehensive sand control network, including 17 roads spanning 494.5 kilometers, to effectively manage sand movement [4] - The construction of a 1,856-kilometer sand control belt has been completed to prevent the encroachment of major deserts [5] - Inner Mongolia's "green territory" is expanding, reinforcing the ecological security of northern China [6]