"锐始者必图其终，成功者先计于始。"毛伟明指出，希望广大人大代表、政协委员和基层代表持续围绕 中心、服务大局，履职担当、积极作为，推动全省"十五五"高质量发展再上新台阶。在推动高质量发展 上作表率。立足本职岗位，发挥各自优势，在产业发展、科技创新、项目攻坚、乡村振兴等领域担当作 为，扎实做好宣传引导、团结鼓劲、建言资政等工作，引领带动干部群众团结奋进、开拓进取。在服务 高水平决策上多建言。聚焦中国式现代化这条主线、高质量发展这个主题，围绕打造"三个高地"、发展 新质生产力、全面深化改革开放、推进乡村全面振兴、增进民生福祉等重点工作，深入调查研究，积极 建言献策，推动高质量发展。在聚焦高效率履职上强监督。继续支持和监督党委政府工作，积极关注、 及时反映各项政策在执行过程中的堵点、难点、卡点问题，助力各项重大政策举措尽快落地见效。在创 造高品质生活上建新功。始终站稳人民立场、厚植为民情怀，围绕办好民生实事、增进民生福祉、提升 治理效能等倾听群众意见、传递群众声音，广泛凝聚合力。省政府将全力支持大家履职尽责，主动接受 民主监督，努力为代表委员联系群众、调查研究、履行职责提供更好服务和条件。■湖南日报全媒体记 者 孙 ...

会议指出，要自觉把思想和行动统一到习近平总书记的重要讲话精神上来，统一到党中央对形势的科学 判断和对工作的决策部署上来，坚持稳中求进工作总基调，扎实推动党中央各项决策部署在上海落地见 效，确保"十五五"开好局、起好步。谋划明年重点工作，要落实中央经济工作会议精神，聚焦重点领 域、关键领域持续发力。着力强化内需主导作用，巩固拓展经济稳中向好势头；着力加强核心功能建 设，持续提升"五个中心"能级；着力推动科技创新与产业创新深度融合，加快培育发展新质生产力；着 力深化高水平改革开放，增强高质量发展动力活力；着力推动城市内涵式发展，加快建设现代化人民城 市；着力推动全面绿色转型，推进美丽上海建设；着力保障和改善民生，提升人民生活品质； 着力推 动城市高效能治理，提高超大城市安全韧性水平。同时，要全力抓好今年收官和明年开局工作，扎实稳 增长，做好民生保障，确保城市安全。 会议指出，今年以来，市政府年度总体目标按期推进落实，全市上下要再接再厉、决战决胜，确保全年 目标任务圆满收官。要倒排节点、挂图作战，认真做好年度节点目标考核评估，并坚决防止因抢工期、 赶进度引发安全事故。要谋新谋实，前瞻研究部署明年总体目标，按照奋力一 ...

会议原则同意《上海市进一步支持外资研发中心提升能级的政策措施》并指出，要聚焦政策支持， 吸引外企在沪设立研发机构，支持存量外资研发中心提升能级，在要素跨境流动等方面降低制度性交易 成本。要聚焦高效协同，支持外资研发中心深度融入创新链、产业链。要聚焦机制建设，健全知识产权 保护、引才留才、企业服务等机制，营造稳定、透明、可预期的良好营商环境。 会议指出，要自觉把思想和行动统一到习近平总书记的重要讲话精神上来，统一到党中央对形势的 科学判断和对工作的决策部署上来，坚持稳中求进工作总基调，扎实推动党中央各项决策部署在上海落 地见效，确保"十五五"开好局、起好步。谋划明年重点工作，要落实中央经济工作会议精神，聚焦重点 领域、关键领域持续发力。着力强化内需主导作用，巩固拓展经济稳中向好势头；着力加强核心功能建 设，持续提升"五个中心"能级；着力推动科技创新与产业创新深度融合，加快培育发展新质生产力；着 力深化高水平改革开放，增强高质量发展动力活力；着力推动城市内涵式发展，加快建设现代化人民城 市；着力推动全面绿色转型，推进美丽上海建设；着力保障和改善民生，提升人民生活品质；着力推动 城市高效能治理，提高超大城市安全韧性 ...

Core Insights - The 2025 Overseas Chinese Managers Forum was held, focusing on the theme "Gathering Wisdom and Empowering High-Quality Development in Shanghai" [1] - This year marks the 19th year of the forum, which plays a significant role in uniting overseas Chinese and leveraging their insights for Shanghai's development [1] - Shanghai is home to nearly 1 million overseas Chinese, who possess deep understanding of international economic trends, market rules, and cutting-edge technologies, contributing to the city's development goals [1] - The Shanghai Municipal Political Consultative Conference plans to establish more platforms and regular communication mechanisms to enhance collaboration with overseas Chinese and various sectors [1] Group 1 - The forum serves as a platform for overseas Chinese managers to provide suggestions for Shanghai's high-quality development [1] - The city aims to utilize the knowledge and experience of overseas Chinese to support the construction of "five centers" and advance modernization [1] - The local government emphasizes the importance of maintaining close communication with overseas Chinese and other stakeholders [1]

Core Insights - The key factors influencing the "14th Five-Year Plan" high-quality development are the release of domestic demand potential and the acceleration of technological self-reliance [1] - The first issue focuses on demand-side dynamics, while the second addresses supply-side capabilities, both crucial for economic stability and growth [1] Group 1: Domestic Demand - The importance of further releasing the enormous potential of domestic demand to achieve a dynamic balance and coordinated development of total supply and demand [1] - This demand-side issue is essential for ensuring smooth and stable economic circulation [1] Group 2: Technological Self-Reliance - The need to accelerate achieving a high level of technological self-reliance to effectively address various technological bottlenecks [1] - Enhancing foundational research capabilities is critical for long-term innovation development [1] - This supply-side issue is vital for boosting economic vitality and sustainability [1]

Investment Rating - The report maintains an "Outperform" rating, indicating a positive outlook for the industry despite entering a high base period in Q4 [4][23][28]. Core Insights - The report emphasizes that under the guidance of the "Fifteenth Five-Year Plan," the policy logic remains clear, and the valuation advantages of blue-chip companies are more pronounced [4][23][28]. - In October 2025, the top 100 real estate companies achieved a slight month-on-month sales increase, with total sales amounting to RMB 25.77 trillion, a year-on-year decline of 16.0% [4][28]. - The equity sales for the same period reached RMB 20.19 trillion, also reflecting a year-on-year decrease of 16.9% [4][28]. Summary by Sections Sales Performance - In October 2025, the top 100 real estate firms recorded a total sales amount of RMB 25.30 billion, a month-on-month increase of 0.1% but a year-on-year decrease of 41.9% [6][28]. - The equity sales for the top 100 firms were RMB 20.07 billion, with a month-on-month increase of 1.1% and a year-on-year decrease of 41.5% [6][28]. Company Recommendations - Recommended companies include: 1. Development: A-Shares - China Vanke, Poly Developments, China Merchants Shekou; H-Shares - China Overseas Land & Investment, C&D International [4][23][28]. 2. Residential: China Resources Land, Longfor Group Holdings [4][23][28]. 3. Property: Onewo, China Resources Mixc Lifestyle Services, China Overseas Property [4][23][28]. 4. Cultural Tourism: Shenzhen Overseas Chinese Town [4][23][28]. Sales Threshold Analysis - The sales threshold for the top 21-30 firms decreased by 5.4% from RMB 20.5 billion to RMB 19.4 billion, while the threshold for the top 51-100 firms saw a larger decline of 23.4% from RMB 5.7 billion to RMB 4.4 billion [12][28].

Group 1 - The meeting focused on further deepening reforms and promoting high-quality development during the "14th Five-Year Plan" period, with contributions to the planning process [1][2] - Key discussions included the importance of aligning with the central government's directives and the provincial government's requirements, emphasizing strategic planning and practical pathways for the city's development [2] - The meeting resulted in the approval of a proposal aimed at enhancing high-quality development, highlighting the need for collaboration and effective implementation of the planning [1][2] Group 2 - The city leadership emphasized the necessity of a cohesive approach to planning, ensuring that all departments work together effectively to achieve common goals [2] - The role of the Political Consultative Conference was underscored, aiming to enhance its capacity to drive high-quality development through effective consultation and implementation of outcomes [2] - Personnel changes were also addressed during the meeting, indicating ongoing administrative adjustments within the city government [3]