42.3%的实业根基，对金融与产业关系的深刻重构。多位受访专家均强调，深圳正以"产融共生"为核 心，在资本供给、制度创新、区域协同等维度探索一条金融深度赋能产业升级的新路径。 错位协同 集中力量打造 金融直接扶持产业的全国样板 制图:李斌(豆包AI生成) 12月29日，中共深圳市委正式发布《关于制定深圳市国民经济和社会发展第十五个五年规划的建议》 (以下简称《建议》)，系统擘画了深圳"十五五"时期的发展蓝图。其中，在金融领域明确提出"加快建设 具有全球重要影响力的产业金融中心"，并将其与产业科技创新中心、消费中心、物流中心、先进制造 业中心并列，共同构成深圳未来五年全力打造的"五个中心"。 这是深圳首次在五年规划建议中，将"产业金融中心"作为一项独立的、全局性的战略目标提出。这一战 略定位并非简单的概念升级，而是基于深圳连续三年工业总产值全国第一、战略性新兴产业占比达 《建议》将"产业金融中心"作为独立战略提出，标志着深圳金融发展逻辑的根本性转变。南开大学金融 学教授田利辉指出，传统金融中心的核心是资本配置与价格发现，追求流动性、规模与国际化；而深圳 产业金融中心的成败标准，在于金融对先进制造、硬科技等特定产 ...

21世纪经济报道记者 陈思琦 深圳报道 "推进全球领先的重要的先进制造业中心和具有全球重要影响力的产业科技创新中心、产业金融中心、消费中心、物流中心建 设。"深圳"十五五"规划建议提出的五个"中心"，为下一阶段经济社会发展指明了方向。 12月29日，《中共深圳市委关于制定深圳市国民经济和社会发展第十五个五年规划的建议》（以下简称"深圳'十五五'规划建 议"）全文公布。 21世纪经济报道记者梳理发现，文中"全球""国际"两词高频出现上百次，从先进制造到科技创新，再到金融、消费、物流等关 键环节，均展现出面向全球竞争的新雄心。 作为全国"工业第一城"，深圳将三路并进，打造全球领先的重要的先进制造业中心：壮大新一代信息技术、新能源、全屋智能 等新兴产业，超前布局6G、具身智能等未来产业，并推动服装、眼镜、黄金珠宝等传统产业转型升级。同步强化科技创新引 擎，通过完善企业主导的创新生态、搭建高水平创新载体、建设高质量高等教育体系，加速突破关键领域技术壁垒。 另三大"中心"则聚焦"微笑曲线"两端的服务环节：坚持金融服务科技创新、服务实体经济，联动香港建设具有全球重要影响力 的产业金融中心；发展首店经济、首发经济、免税经济 ...

12月29日，中共深圳市委正式发布《关于制定深圳市国民经济和社会发展第十五个五年规划的建议》 （以下简称《建议》），系统擘画了深圳"十五五"时期的发展蓝图。其中，在金融领域明确提出"加快 建设具有全球重要影响力的产业金融中心"，并将其与产业科技创新中心、消费中心、物流中心、先进 制造业中心并列，共同构成深圳未来五年全力打造的"五个中心"。 这是深圳首次在五年规划建议中，将"产业金融中心"作为一项独立的、全局性的战略目标提出。这一战 略定位并非简单的概念升级，而是基于深圳连续三年工业总产值全国第一、战略性新兴产业占比达 42.3%的实业根基，对金融与产业关系的深刻重构。多位受访专家均强调，深圳正以"产融共生"为核 心，在资本供给、制度创新、区域协同等维度探索一条金融深度赋能产业升级的新路径。 从"金融中心"到"产业金融中心" 深圳金融的"精准转身" 《建议》将"产业金融中心"作为独立战略提出，标志着深圳金融发展逻辑的根本性转变。南开大学金融 学教授田利辉指出，传统金融中心的核心是资本配置与价格发现，追求流动性、规模与国际化；而深圳 产业金融中心的成败标准，在于金融对先进制造、硬科技等特定产业集群的催化效率与风险 ...

四是全力以赴推动高质量发展，围绕建设更具全球影响力的产业金融中心定位，进一步在推动金融服务 科技创新和产业高质量发展中促进金融业自身高质量发展。以科技金融为引领，扎实做好金融"五篇大 文章"，促进科技产业金融良性循环。支持创业板改革，持续推动资本市场、上市培育、并购重组、风 投创投等系列专项行动，巩固提升深圳资本市场的活力和竞争力。充分发挥联通境内外两个市场的优 势，推动金融科技、跨境金融、财富管理等特色领域高质量发展，为企业"走出去"提供高质量金融服 务。 五是切实加强金融系统党的建设，全面提升金融系统基层党组织政治功能和组织功能，进一步巩固"两 个覆盖"集中攻坚行动成果。积极弘扬中国特色金融文化，打造更多"金融为民"等金融品牌。发挥金融 工委作用，切实加强金融系统党的纪检监察和金融风险问责工作。 会议要求，要围绕"防风险、强监管、促高质量发展"工作主线，牢固树立正确的政绩观和业绩观，坚决 统筹好发展和安全，从防风险强监管、服务科技创新、扩大内需、支持中小微企业和外贸、建设创新资 本形成中心等方面，认真谋划2026年深圳金融重点工作举措，努力为深圳市"十五五"开好局、起好步作 出新的更大贡献。 一是坚定扛起 ...

Group 1: Investment Conference and Economic Outlook - The 2025 Shenzhen Global Investment Conference will be held on December 5, focusing on seven key sectors including AI, biomedicine, and finance, with over 600 participating companies expected, including more than 200 Fortune 500 and multinational companies from over 30 countries [1] - As of October 2025, Shenzhen has a total of 4.5921 million business entities, including major companies like Huawei and Tencent, and 1,333 national-level specialized and innovative "little giant" enterprises [1] Group 2: Financial Sector Developments - Shenzhen has established 11 key financial institutions this year, including branches of Santander Bank and Fubon Bank, and has launched seven bank-affiliated AIC pilot funds totaling 22.16 billion yuan, leading the country [2] - The total industrial output value of Shenzhen ranks first among Chinese cities for three consecutive years, with foreign trade totaling 18.9 trillion yuan, accounting for 9.5% of the national total [2] Group 3: Cultural and Tourism Industry Growth - From 2021 to 2025, the added value of Shenzhen's cultural industry is projected to grow from 256.6 billion yuan to approximately 320 billion yuan, with tourism revenue expected to rise from 159.9 billion yuan to around 300 billion yuan [4] - The recent 15th National Games in Shenzhen attracted 18.049 million visitors, boosting tourism consumption by 24.48% year-on-year [3] Group 4: Future Development Plans - By 2030, Shenzhen aims to achieve tourism revenue of 450 billion yuan and 280 million tourist visits, with plans to support the digital creative industry and optimize tourism product offerings [5] - The city is also focusing on developing the sports industry, including fitness, competition, and sports training, while promoting the integration of sports with other sectors [6] Group 5: Foreign Investment Trends - In the first ten months of this year, Shenzhen's actual foreign investment reached 29.7 billion yuan, a year-on-year increase of 8.4%, with high-tech industries accounting for over one-third of the total [7] - Notable foreign companies such as DuPont, BP, and Hexagon have established or increased investments in Shenzhen, with over 10,000 foreign-invested enterprises now operating in the city [8]

Group 1 - The core viewpoint highlights the impressive performance of Shenzhen's capital market, with 424 A-share listed companies and a total market value exceeding 11 trillion yuan as of the end of Q3 [1] - In the first three quarters, listed companies in the region achieved operating income of 5.20 trillion yuan and net profit of 457.8 billion yuan, reflecting a year-on-year growth of 7.36% and 3.98% respectively [1] Group 2 - During the "14th Five-Year Plan" period, Shenzhen's capital market has seen a historic breakthrough in direct financing, exceeding 2.8 trillion yuan, which is over a 50% increase compared to the "13th Five-Year Plan" period [2] - Equity financing surpassed 400 billion yuan, with 110 companies raising over 110 billion yuan through IPOs; the bond market financing (including ABS) exceeded 2.4 trillion yuan [2] - The capital market has effectively supported technological innovation, with over 80% of IPOs from the Sci-Tech Innovation Board and Growth Enterprise Market [2] Group 3 - Shenzhen has implemented multiple policies to foster high-quality development in venture capital, with seven AIC pilot funds established totaling over 22 billion yuan [3] - By the end of September 2025, the scale of private equity and venture capital funds in Shenzhen is expected to reach nearly 13.7 trillion yuan, investing in over 13,800 small and medium-sized enterprises [3] Group 4 - The innovation vitality and competitiveness of Shenzhen's market entities have significantly improved during the "14th Five-Year Plan" period, with total market value surpassing 11.5 trillion yuan and projected operating income exceeding 6.8 trillion yuan in 2024 [4] - R&D investment by listed companies in Shenzhen is expected to reach 210.3 billion yuan in 2024, a 91.35% increase compared to 2020 [4] - The region's securities companies and public fund management companies have achieved the highest revenue and profit among all districts [4] Group 5 - Shenzhen's capital market has made significant progress in the "Five Major Financial Articles," particularly in technology finance, green finance, inclusive finance, pension finance, and digital finance [6] - The issuance of technology-themed funds has exceeded 80 billion yuan, with a total scale of over 500 billion yuan [6] Group 6 - Investor returns have been enhanced, with listed companies in Shenzhen distributing nearly 990 billion yuan in dividends during the "14th Five-Year Plan" period, significantly exceeding the equity financing amount [7] - A total of 598 companies have implemented share buybacks amounting to 45.8 billion yuan [7] Group 7 - Looking ahead to the "15th Five-Year Plan," Shenzhen aims to build a globally influential industrial financial center by focusing on new productive forces, deepening reforms, enhancing service quality for the real economy, and protecting investor rights [8]

Core Insights - Shenzhen's capital market has shown remarkable performance in the "14th Five-Year Plan" period, with a total of 424 A-share listed companies and a market capitalization exceeding 11 trillion yuan, ranking second nationwide [1][6] - The direct financing scale in Shenzhen has reached a historic high of over 2.8 trillion yuan, marking a more than 50% increase compared to the "13th Five-Year Plan" period, positioning it third among major cities in China [3] - The innovation and competitiveness of market entities in Shenzhen have significantly improved, with total market capitalization surpassing 11.5 trillion yuan and projected revenues exceeding 6.8 trillion yuan for 2024 [6] Financing and Investment - The cumulative equity financing in Shenzhen has exceeded 400 billion yuan, with 110 companies raising over 110 billion yuan through IPOs [3] - The bond market financing, including ABS, has surpassed 2.4 trillion yuan, with public REITs leading in fundraising [3] - Shenzhen's private equity and venture capital fund scale is expected to reach nearly 1.37 trillion yuan by September 2025, supporting over 13,800 small and medium-sized enterprises [4] Market Dynamics - The R&D investment of Shenzhen-listed companies is projected to reach 210.3 billion yuan in 2024, a 91.35% increase from 2020, with BYD leading the investment at over 54 billion yuan [6] - In the first three quarters of this year, 24 securities companies in Shenzhen achieved revenues exceeding 100 billion yuan, while 31 public fund management companies managed assets totaling 12.3 trillion yuan [6] Financial Innovations and Investor Protection - Shenzhen has made significant strides in financial innovations, with over 800 billion yuan raised through technology-themed public funds and more than 5 trillion yuan in total assets for these funds [8] - The city has implemented various investor protection mechanisms, with nearly 990 billion yuan in cumulative dividends distributed by listed companies during the "14th Five-Year Plan" period [9] Future Outlook - Looking ahead to the "15th Five-Year Plan," Shenzhen aims to focus on developing new productive forces, deepening reforms, enhancing financial services for the real economy, and protecting investors' rights [10]

Core Viewpoint - Shenzhen aims to establish itself as a globally influential industrial financial center by focusing on six key areas of development [2][4]. Group 1: Key Development Areas - The first focus is to create a world-class technology industry financial ecosystem, leveraging Shenzhen's status as a leading industrial city and concentrating financial resources on key sectors like artificial intelligence, new energy, and biomedicine [4]. - The second focus is to develop a world-class innovative capital formation center, enhancing the Shenzhen Stock Exchange and the Shenzhen Equity Exchange Center to support strategic emerging industries and private equity/venture capital transactions [5]. - The third focus is to establish a world-class financial technology center, promoting innovations in artificial intelligence, big data, and blockchain within the financial sector [5][6]. Group 2: Cross-Border and Wealth Management - The fourth focus is to create a world-class cross-border RMB service hub, utilizing Shenzhen's proximity to Hong Kong and Macau to enhance cross-border financial services and support the RMB's internationalization [6]. - The fifth focus is to develop a world-class wealth management center, attracting influential wealth management institutions and expanding investment products to benefit the high-net-worth population in Shenzhen [6]. - The sixth focus is to establish a world-class financial security demonstration area, ensuring the stability of financial institutions and preventing systemic financial risks through robust regulatory measures [6]. Group 3: Financial Growth and Opportunities - During the 14th Five-Year Plan, Shenzhen's financial sector maintained a steady growth rate of 6.45% annually, with a value-added increase of 14.5% year-on-year in the first three quarters of 2025 [7][8]. - Shenzhen has nurtured over 1,300 specialized "little giant" enterprises, leading the nation in new listings from strategic emerging industries and advanced manufacturing [7][8]. - The city is positioned to leverage three major opportunities: policy support for financial development, international collaboration through APEC, and fostering a synergistic relationship between technology, industry, and finance [8][9].

Core Viewpoint - Shenzhen's capital market has significantly contributed to the local economy during the "14th Five-Year Plan" period, achieving over 400 billion yuan in equity financing and leading in technology company listings, while aiming to establish itself as a globally influential industrial financial center in the upcoming "15th Five-Year Plan" [1][3][14]. Group 1: Economic Contributions - During the "14th Five-Year Plan," Shenzhen's capital market facilitated over 400 billion yuan in equity financing, supporting advanced manufacturing projects [3]. - The total revenue of Shenzhen-listed companies reached 6.88 trillion yuan in 2024, a 30.55% increase from 5.27 trillion yuan in 2020 [20]. - Shenzhen's listed companies achieved a total market capitalization of 12.71 trillion yuan by the end of Q3 2025, up 25.22% from 10.15 trillion yuan at the end of 2020 [17]. Group 2: Innovation and R&D - Shenzhen's listed companies' R&D expenditure reached 210.34 billion yuan in 2024, a 91.35% increase from 109.92 billion yuan in 2020 [29]. - The proportion of companies listed on the ChiNext and Sci-Tech Innovation Board reached 50.24%, the highest among major cities in China [25]. Group 3: Investor Engagement and Protection - Shenzhen-listed companies distributed nearly 990 billion yuan in cash dividends during the "14th Five-Year Plan," ranking second among major cities in China [31]. - A total of 1,486 companies implemented cash dividends, with 598 companies repurchasing shares worth nearly 46 billion yuan [6][31]. Group 4: Market Expansion and Globalization - By November 3, 2025, Shenzhen had 424 domestic listed companies, a 35.03% increase from 314 at the end of 2020 [15]. - Over 60% of Shenzhen's listed companies engaged in overseas business, generating 580.14 billion yuan in revenue in the first half of 2025, a 178.58% increase from 208.25 billion yuan in the first half of 2020 [22]. Group 5: Future Directions - The Shenzhen government aims to accelerate the establishment of a globally influential industrial financial center, focusing on high-quality development in banking, securities, insurance, and venture capital [9][10]. - The capital market will emphasize the development of new productive forces, deepen reforms, and enhance investor protection mechanisms [10][11].

Core Insights - The 19th Shenzhen International Financial Expo aims to establish a platform for financial institutions to launch new products and services, enhancing industry innovation [1][4] - The theme of this year's expo is "New Heights in Industrial Finance, Empowering Future with Technology," featuring nine specialized exhibition areas [1] - The financial sector in Shenzhen has shown steady growth, with an average annual growth rate of 6.45% during the 14th Five-Year Plan period [3] Group 1 - The expo will showcase policies for building a global fintech center in collaboration with Hong Kong, along with capital market empowerment cases for tech innovation projects [1][4] - The financial industry's added value reached 398.76 billion yuan in the first three quarters of 2025, marking a 14.5% year-on-year increase [3] - Shenzhen has nurtured over 1,300 specialized "little giant" enterprises, leading the nation in new additions for two consecutive years [3] Group 2 - The expo will adopt a "1+3+N" format, including a main opening ceremony, three parallel conferences, and numerous thematic meetings to enhance resource synergy [5] - The "2025 Bay Area Wealth Conference" will feature discussions on wealth management, asset revaluation, and alternative investments, with participation from industry leaders [5][6] - The afternoon sessions will include in-depth discussions on global asset allocation and investment behavior changes among high-net-worth clients [6]