"2025年度十大影响力经济学家"名单揭晓 2025年，中国经济在内外多重挑战下稳步回升、提质向好，宏观政策精准协同、提质增效，在稳增长、 调结构、防风险中稳步前行。伴随中国经济高质量发展深入推进，影响力经济学家凭借深厚的学术底蕴 与多年深耕市场的实战经验，洞悉发展大势，锚定时代方向。 新浪财经携手首席经济学家论坛、新经济学家智库，联合微博财经，共同评选出 "2025年度十大影响力 经济学家"。 本次评选由评委会综合"专业性、影响力、创新性、前瞻性、活跃度"五大维度，经评审团投票，并参考 作品出产率、影响力等数据，综合评选出最终获奖结果。 上海交通大学上海高级金融学院副院长、中国金融研究院副院长李峰荣膺"2025年度十大影响力经济学 家"！ 精彩观点回顾： 李峰：DeepSeek的成功和英伟达有相似之处，创新完全无法被提前规划 李峰：从"波音之殇"到DeepSeek的爆火，资本如何成就或扼杀创新？ 李峰：上市公司治理"新考题"——审计委员会如何平稳"接棒"监事会 责任编辑：张文 "2025年度十大影响力经济学家"名单揭晓 2025年，中国经济在内外多重挑战下稳步回升、提质向好，宏观政策精准协同、提质增效，在稳 ...

Core Viewpoint - The company has received a regulatory decision from the Jilin Securities Regulatory Bureau, requiring it to rectify issues related to its governance and independence, particularly concerning its relationship with its controlling shareholder, Dongbao Group [1][2]. Group 1: Regulatory Decision and Company Response - The company has acknowledged the regulatory decision and has communicated it to relevant stakeholders, including its controlling shareholder and management [2]. - A board meeting was held to review and approve a rectification report in response to the regulatory decision [2]. Group 2: Identified Issues and Rectification Measures - The company and its controlling shareholder have been found to have overlapping property usage without formal rental agreements, indicating a lack of independence [3]. - To address this, the company signed a property lease agreement with Dongbao Group, specifying the rental terms for shared properties, ensuring market-based pricing for rent [4][5]. - The company will enhance training for its management and board members on compliance with relevant laws and regulations to improve operational standards [6]. Group 3: Rectification Status and Future Plans - The company has appointed specific individuals and departments responsible for the rectification process, and the measures have been completed [7]. - The company plans to maintain a focus on standardized governance and independence management in the long term [7]. - The regulatory inspection has provided valuable guidance for improving the company's governance level, and the company aims to strengthen its compliance and risk management systems [8].

Core Viewpoint - The Chinese securities regulatory authority emphasizes the importance of enhancing the governance and value growth of listed companies to support high-quality development in the capital market by 2026 [1][5][10] Group 1: Mergers and Acquisitions - The A-share market saw over 200 major asset restructuring disclosures in the past year, with 70% of targets concentrated in sectors like semiconductors, electronic information, new energy, and equipment manufacturing [2] - The securities industry has actively promoted supply-side structural reforms, with several major brokerages completing mergers to strengthen their market positions [2][3] - Policies supporting large-scale mergers are expected to further stimulate market activity, with the introduction of new measures to facilitate mergers and acquisitions [3][4] Group 2: Corporate Governance - Regulatory scrutiny on misleading statements and financial fraud has intensified, prompting companies to improve governance practices [5][6] - Revisions to governance guidelines aim to enhance the operational standards of listed companies, with a focus on board effectiveness and information disclosure [5][6] - Despite improvements, some companies still face challenges related to governance practices, indicating a need for ongoing reforms [6][7] Group 3: Shareholder Returns - The total cash dividends and buybacks reached a record high of 2.68 trillion yuan in the past year, reflecting a growing commitment to shareholder returns [8][9] - A significant number of companies have adopted long-term dividend plans, with many executing multiple dividend distributions within a year [8] - The positive cycle of investment returns, market confidence, and improved financing efficiency is contributing to the overall growth in market capitalization [9][10]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released guidelines for the selection of provincial and ministerial-level research topics for 2026, focusing on enhancing the inclusiveness and adaptability of the capital market during the "14th Five-Year Plan" period [1] Group 1: Research Directions - The CSRC has identified 12 key research topics, including improving the governance effectiveness of listed companies under the new Company Law, optimizing the structure of listed companies, and studying the binding mechanism between public funds and investor interests [1] - Other research areas include innovations in pension financial investment mechanisms, regulatory oversight of accounting firms in the capital market, and trends in investor behavior patterns influenced by AI technology [1] - Additional topics cover enhancing regulatory capabilities in an open environment, addressing common illegal issues in securities enforcement, and policies to promote long-term capital inflow into the market [1] Group 2: Research Management - The CSRC stipulates that research projects should ideally be led by one or two units, with a diverse range of participating organizations, including top domestic and international think tanks, universities, and market institutions [2] - The CSRC emphasizes the importance of maintaining high-quality submissions, prohibiting duplicate applications, and requiring clear distinctions between related projects in the application [2] - The China Securities Financial Research Institute has been designated as the organizing and management unit for these research projects, which are expected to last between 6 to 12 months, with a submission deadline of March 31, 2026 [2]

● 本报记者昝秀丽 证监会2月6日发布2026年证监会省部级课题选题方向及申报指南，要求紧紧围绕"十五五"时期提高资本 市场制度包容性、适应性的六项重点任务，汇聚全社会研究力量，加强资本市场重大问题的前瞻性和基 础性研究，共同形成一批具有理论价值和实践意义的研究成果。 证监会明确了12个选题方向：新公司法下提升上市公司治理有效性、优化上市公司结构研究；公募基金 与投资者利益绑定机制研究；资本市场与养老金融投资机制创新研究；会计师事务所资本市场执业监管 研究；AI技术发展背景下投资者行为模式变化趋势、市场影响与监管研究；开放环境下我国资本市场 监管能力提升研究；证券执法领域共同违法问题研究；推动中长期资金入市配套政策研究；提升资本市 场定价效率研究；提高资本市场制度包容性适应性研究；资本市场支持传统产业上市公司提质增效研 究；人工智能等科技发展对资本市场的影响和挑战。 证监会表示，所有课题研究方向均不代表证监会监管导向，仅作为研究储备。 根据课题申报条件，证监会明确，课题原则上由一家或两家单位牵头，参与单位要保持多样性。其中， 课题牵头单位包括但不限于：国内外一流智库、高校和科研院所；国内外知名证券公司、期货公 ...

证监会表示，所有课题研究方向均不代表证监会监管导向，仅作为研究储备。 证监会明确了12个选题方向：新公司法下提升上市公司治理有效性、优化上市公司结构研究；公募基金 与投资者利益绑定机制研究；资本市场与养老金融投资机制创新研究；会计师事务所资本市场执业监管 研究；AI技术发展背景下投资者行为模式变化趋势、市场影响与监管研究；开放环境下我国资本市场 监管能力提升研究；证券执法领域共同违法问题研究；推动中长期资金入市配套政策研究；提升资本市 场定价效率研究；提高资本市场制度包容性适应性研究；资本市场支持传统产业上市公司提质增效研 究；人工智能等科技发展对资本市场的影响和挑战。 根据课题申报条件，证监会明确，课题原则上由一家或两家单位牵头，参与单位要保持多样性。其中， 课题牵头单位包括但不限于：国内外一流智库、高校和科研院所；国内外知名证券公司、期货公司、投 资咨询机构、中介服务机构等市场机构；国内外知名公募基金、私募基金、社保基金、企业年金、保险 资金等机构投资者等。原则上自然人不能单独作为课题牵头方。同时，课题牵头单位必须具备完成课题 所需的人才和物质条件。作为课题研究的主要责任方，课题牵头单位负责组建课题组，组 ...

根据通知安排，课题的研究时间一般为6至12个月，延长时间不得超过6个月。如研究时间超过12个月， 在课题申报时需写明理由。证监会指定直属研究机构中证金融研究院作为课题组织管理单位，负责证监 会省部级课题的进度控制、验收条件把关等事项，持续跟踪课题进度和质量。课题组织管理单位对课题 申报材料进行审核，组织专家对满足申报要求的课题进行立项评审。在评审工作完成后确定立项课题， 并在证监会官网公布课题承接单位。课题立项后，课题组应按时汇报研究进度，由课题组织管理单位适 时开展检查，主要对课题的完成进度、研究方向一致性和阶段性成果进行检查，并就下一步工作提出指 导意见。 证监会表示，所有课题研究方向均不代表证监会监管导向，仅作为研究储备。 根据课题申报条件，证监会明确，课题原则上由一家或两家单位牵头，参与单位要保持多样性。同时， 课题牵头单位必须具备完成课题所需的人才和物质条件。作为课题研究的主要责任方，课题牵头单位负 责组建课题组，组织本课题方案设计、研究论证和成果撰写、敏感内容保密等工作。课题申报截至3月 31日。 证监会2月6日发布2026年证监会省部级课题选题方向及申报指南的通知，紧紧围绕"十五五"时期提高资 ...

Core Viewpoint - The article outlines the selection directions and application guidelines for provincial and ministerial-level research topics by the China Securities Regulatory Commission (CSRC), emphasizing the importance of high-quality development and risk prevention in the capital market [3][4]. Group 1: Guiding Principles - The research should align with Xi Jinping's thoughts and the spirit of the 20th National Congress, focusing on risk prevention, regulatory strengthening, and promoting high-quality development in the capital market [3]. - The aim is to enhance the inclusiveness and adaptability of the capital market system during the 14th Five-Year Plan period, addressing significant issues through collaborative research [3]. Group 2: Research Topics - Key research topics include improving corporate governance under the new Company Law, binding mechanisms between public funds and investor interests, and innovations in pension financial investment mechanisms [4][5]. - Other topics cover the impact of AI on investor behavior, enhancing regulatory capabilities in an open environment, and improving pricing efficiency in the capital market [4][5]. Group 3: Application Conditions - Research topics should be led by one or two units, with diverse participation from top think tanks, universities, and market institutions, excluding individual applicants [5]. - Leading units must possess the necessary talent and resources to complete the research, including organizing the research team and ensuring confidentiality of sensitive content [5]. Group 4: Application Timeline - The deadline for submitting research proposals is March 31, 2026, with specific submission requirements outlined for clarity [6]. - Applicants must ensure the quality of submissions and avoid duplicate applications for similar topics [6]. Group 5: Management Arrangements - The typical research duration is 6-12 months, with a maximum extension of 6 months allowed under specific circumstances [7]. - The CSRC's designated research institution will manage the progress and quality of the research projects, conducting regular checks and evaluations [8]. Group 6: Other Matters - All research directions do not represent regulatory guidance from the CSRC but serve as a reserve for research [9].

通化东宝公告，公司于2026年1月30日收到吉林证监局下发的《关于对通化东宝药业股份有限公司采取 责令改正并对李佳鸿采取出具警示函监督管理措施的决定》。经查，通化东宝与控股股东东宝实业集团 股份有限公司存在部分房产互相混用情况，双方未签订相关租赁协议，未支付租金。上述事项反映出通 化东宝独立性存在不足，违反了《上市公司治理准则》有关规定，公司董事长李佳鸿对上述违规行为负 主要责任。吉林证监局决定对公司采取责令改正并对李佳鸿采取出具警示函的监督管理措施，并记入证 券期货市场诚信档案。 ...

在中国特色现代资本市场向高质量纵深发展的关键阶段，上市公司董事会秘书作为衔接企业与市场的重要枢纽，其专业素养、合规能力与价值创造水 平，深刻影响着资本市场的运行效能与生态建设。依托超过二十年的积累与演进，"新财富金牌董秘"已成为业内广泛认可的公信力标杆，"最佳IR港股 公司"评选亦持续推动港股投资者关系管理体系迈向成熟。 即日起，两大评选同步开启，以更科学的体系、更全面的视角、更严格的尺度，发现标杆、 树立典范，助推上市公司治理与投资者关系管理实现整体跃升 。 0 1 顺应监管新势，重塑评选准则 随着《上市公司董事会秘书监管规则（征求意见稿）》发布，董秘履职进入权责更清晰、保障更有力、监管更精细的新阶段。本届评选积极呼应制度演 进，全面植入合规导向： ✅️严格任职审核，强调履职稳定性； ✅️ 严守合规底线。参评公司在考核期内如因董秘/IR职责相关事项受到监管处分，将取消参评资格 ； "客观+主观"双轮评审机制持续优化。客观指标涵盖 信息披露、投资者关系、风控管理、价值创造 等六大维度， 融入ROE、行业估值偏离度、分红表 现等量化数据 ；主观投票汇聚监管、机构、分析师、专家委员会等六方声音，确保评价兼具专业与 ...