所长 早读 国泰君安期货 2025-06-18 期 请务必阅读正文之后的免责条款部分 1 期货研究 期货研究 2025-06-18 所长 早读 陆家嘴论坛即将召开 观点分享： 2025 年陆家嘴论坛将于 6 月 18 日至 19 日在上海召开，主题为"全球经济变局中的金融 开放合作与高质量发展"。此次论坛由中国人民银行、国家金融监督管理总局、中国证监会、 国家外汇管理局和上海市人民政府联合主办，潘功胜和龚正担任共同轮值主席。论坛将围绕 金融开放、货币政策协调、资本市场改革、绿色金融、人工智能赋能金融等多个核心议题展 开讨论，并计划发布若干重大金融政策。按照惯例，中央金融管理部门将在论坛期间发布若 干重大金融政策，涵盖货币政策、资本市场改革、金融开放等多个方面。例如 2024 年论坛 期间，中国证监会发布了"科创板八条"政策，推动资本市场对科技创新的支持。 所 长 首 推 | 板块 | 关注指数 | | --- | --- | | 国债期货 | ★★★★ | 国债期货：地缘扰动支撑行情修复，中期仍看高位震荡。央行维持银行间流动性充裕，市场 对于三季度降准降息预期仍浓，宏观数据当下整体仍然疲弱。政策面上 7 月份 ...

Group 1 - The 2025 Lujiazui Forum is themed "Financial Opening and Cooperation in the Global Economic Changes and High-Quality Development" and aims to discuss financial reform and international cooperation among over 70 financial professionals from more than 10 countries and regions [3][8] - Keynote speeches will be delivered by prominent figures including the Governor of the People's Bank of China, Pan Gongsheng, and other leaders from financial regulatory bodies [1][3] - The forum will address eight major topics, including enhancing global monetary policy coordination, promoting sustainable capital market development, and improving green finance policies and standards [8][12] Group 2 - During the forum, significant financial policies are expected to be announced by central financial management departments, continuing a tradition of using the forum as a platform for major policy releases [10][9] - The Shanghai-Hong Kong International Financial Center Collaborative Development Action Plan will be signed, emphasizing the importance of collaboration between the two financial hubs to enhance national competitiveness [12][11] - Discussions will focus on how to leverage the financial advantages of both Shanghai and Hong Kong, including financial product innovation and cross-border regulatory cooperation [12][11]

Core Viewpoint - The 2025 Lujiazui Forum will be held in Shanghai on June 18, focusing on "Financial Opening and Cooperation in the Global Economic Landscape and High-Quality Development" to discuss financial reform, international cooperation, and governance for global economic growth [1][3] Group 1: Forum Overview - The forum is co-hosted by the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the Shanghai Municipal Government, lasting for two days [1] - Key leaders from central financial management departments will deliver speeches, and several significant financial policies will be announced during the forum [1] Group 2: Agenda Highlights - The forum includes eight plenary sessions covering topics such as global economic changes, monetary policy coordination, capital market development, and the collaboration between Shanghai and Hong Kong as international financial centers [1][2] - Specialized sessions will address issues like high-quality development in the reinsurance market, international legal practices in financial cooperation, and support for hard technology enterprises [2] Group 3: Historical Context - The Lujiazui Forum has been successfully held fifteen times since 2008, becoming one of the most authoritative financial forums in China and a significant international financial platform [3]

Core Viewpoint - The 2025 Lujiazui Forum will be held on June 18-19 in Shanghai, focusing on "Financial Openness and Cooperation in the Global Economic Landscape and High-Quality Development" [1] Group 1: Forum Overview - The forum is co-hosted by the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the Shanghai Municipal Government, with key leaders from these organizations participating [1][3] - Over 70 domestic and international guests will attend and speak at the forum, including officials from financial regulatory bodies in the UK, Hungary, Singapore, and Hong Kong, as well as leaders from major financial institutions [2][3] Group 2: Key Sessions and Topics - The forum will feature eight plenary sessions covering topics such as global economic changes, monetary policy coordination, capital market development, and the role of artificial intelligence in financial innovation [3] - Three specialized sessions will focus on reinsurance market development, international legal practices in financial cooperation, and supporting hard technology enterprises through financial collaboration [4] Group 3: Shanghai's Financial Development - Shanghai has become a leading area for financial openness in China, with 1,782 licensed financial institutions, of which about one-third are foreign [4] - The city is set to expand its financial openness with a focus on institutional reforms and establishing more financial trading mechanisms aligned with international standards [5][7] Group 4: Policy Support and Financial Infrastructure - The People's Bank of China is accelerating policy support for the construction of Shanghai as an international financial center, with a series of measures aimed at enhancing cross-border financial services [7][8] - The cross-border RMB settlement volume in Shanghai reached nearly 30 trillion yuan in 2024, accounting for 47% of the national total [9] Group 5: Capital Market Reforms - The "Science and Technology Innovation Board Eight Measures" have shown positive effects, with new IPO applications and listings for hard technology companies [11] - The market for mergers and acquisitions has become more active, with significant increases in disclosed transactions and a revised management approach to streamline processes [12][13]