——2025河北经济数据解读之三 有效投资是稳增长的重要"压舱石"。 原标题：2025年，全省固定资产投资增速6.1%，居全国第3位 固定资产投资稳步增长，"压舱石"作用凸显 2025年，河北投资交出了一份优异成绩单：全省固定资产投资增速6.1%，快于全国9.9个百分点，居全 国第3位。其中，全省工业投资同比增长15.5%，高技术产业投资同比增长21.4%。 对此，河北经贸大学教授张瑞锋认为，2025年以来，河北固定资产投资增速连续多月跑赢全国，成绩来 之不易。更令人欣喜的是，河北在推动投资稳步增长的同时，持之以恒推动投资结构优化，投资"压舱 石"作用凸显。 今年以来，我省统筹用好中央预算内投资、超长期特别国债、地方政府专项债、增发国债等政策工具， 推动项目加快建设，政府引导性投资与民间投资筑牢"双拉动"根基。 白马河综合治理工程（和邢铁路桥至东升大道段）治理长度13.4公里，是提升防洪减灾能力、加强生态 保护的重要水利工程。 邢台路桥建设集团有限公司项目负责人睢力强介绍，作为邢台市增发国债水利项目之一，白马河综合治 理工程总投资约8.7亿元。截至2025年底，该工程的河道土方工程已基本完成，四座桥梁工程三座 ...

1月25日，北京市第十六届人民代表大会第四次会议开幕，北京市市长殷勇作政府工作报告。报告明确 提出坚持惠民生和促消费、投资于物和投资于人紧密结合，不断增强内需拉动经济增长主动力作用。大 力提振消费方面，将研究制定城乡居民增收政策，增强居民消费能力；积极扩大有效投资方面，靠前启 动具备条件的"十五五"重大项目，扎实做好项目储备，保持开一备三强度。这些政策举措旨在增强内需 主导能力，巩固拓展经济稳中向好势头。 ·消费· 研究制定城乡居民增收政策 增强居民消费能力 大力提振消费 深化演艺之都建设 ·投资· 靠前启动具备条件的"十五五"重大项目 积极扩大有效投资 ●促进商品消费扩容提质，优化"两新"政策实施 ●落实绿色消费推进行动，支持汽车、家电等大宗消费 ●推动"老字号"焕发新活力 ●加大对教育、健康、养老、托育等服务消费政策支持 ●鼓励平台创新发展家政等服务业务 ●促进文商旅体展深度融合，延伸大型活动消费供给链条 ●推出更多休闲、时尚、滨水、冰雪等消费新场景 ●打造一批演艺区和特色演艺群落 ●举办更多大型演出活动和市民系列文化活动 ●提升大戏看北京、北京大视听品牌影响力，精心推出一批优秀文艺作品 ●深化国家文化产 ...

在外部不确定性显著增加的背景下，中国经济与贸易总量保持合理增长，主要得益于经济发展质量的有 效提升。一是工业生产转型升级加快。2025年规模以上装备制造业、高技术制造业增加值同比分别增长 9.2%、9.4%，均高于全部规上工业增加值增速5.9%，占全部规上工业增加值比重分别较上年提高2.2 个、0.8个百分点。 二是出口多元化程度提升，出口商品竞争力增强。2025年，中国对美国出口规模同比减少20%，但对非 洲、东盟和欧盟出口分别增长25.8%、13.4%和8.4%，对整体出口增速的拉动作用分别为1.3个、2.2个和 1.2个百分点。同期，机电和音像设备、车辆等运输设备、光学医疗设备等高级工业品出口对整体出口 增速的拉动作用由上年4.2个百分点提升至4.8个百分点，是出口增长韧性的重要来源。 四是数字渗透力明显增强，绿色引领力全面彰显。2025年，规上数字产品制造业增加值比上年增长 9.3%，信息传输、软件和信息技术服务业增加值增长11.1%；规上工业水电、核电、风电、太阳能等清 洁能源发电量比上年增长8.8%，非化石能源占能源消费总量的比重较上年提高约2个百分点；规上建 材、钢铁、有色等主要耗能行业单位增加 ...

2026.01. 22 本文字数：2727，阅读时长大约4分钟 作者 | 第一财经 祝嫣然 作为"十五五"开局之年，2026年年初以来，中国稳投资政策密集加力。 新年首场国务院常务会议部署实施财政金融协同促内需一揽子政策；围绕支持民间投资，实施中小微 企业贷款贴息政策，设立民间投资专项担保计划，建立支持民营企业债券风险分担机制，优化实施设 备更新贷款财政贴息政策，进一步降低企业融资门槛和成本。 1月22日，国家发改委发布消息称，2026年第一批936亿元超长期特别国债支持设备更新资金已经 下达，支持工业、能源电力等领域约4500个项目，带动总投资超过4600亿元；同时，采取直接向地 方下达资金的方式，继续支持老旧营运货车报废更新、新能源城市公交车更新、老旧农机报废更新。 纵观"十四五"时期，积极扩大有效投资取得显著成效。从总量看，固定资产投资（不含农户）从 2021年的46万亿元增长到2025年的48.5万亿元；从结构看，制造业投资占比总体稳定，绿色能源 等领域投资高速增长，投资结构持续优化。 面向未来，中国投资潜力和空间依然巨大。国家发改委表示，"十五五"时期我国发展环境面临深刻 复杂变化，投资领域新旧动能 ...

根据国家统计局最新发布的数据，2025年，我国国内生产总值首次跃上140万亿元新台阶，比上年增长 5.0%。其中，社会消费品零售总额规模超过50万亿元，达到501202亿元，比上年增长3.7%，增速比上 年全年加快0.2个百分点。 同时，重点领域投资较快增长，全年完成固定资产投资（不含农户）485186亿元，比上年下降3.8%， 第一产业投资增长2.3%，第二产业投资增长2.5%，第三产业投资下降7.4%。 问题根源在于三重因素：一是房地产市场处于调整中；二是民营经济信心仍待提振；三是传统产业转型 阵痛与新动能培育存在时间差，影响部分企业投资意愿和能力。 未来投资应从"规模导向"转向"效能导向"。一方面，稳妥推进房地产"三大工程"（保障房、城中村改 造、平急两用设施），构建"市场+保障"双轨新模式；另一方面，以法治化落实"两个毫不动摇"，出台 《民营经济促进法》，清理隐性壁垒；同时，聚焦人工智能、绿色能源、生物制造等前沿领域，引导资 金投向真正提升全要素生产率的"有效投资"。 在外部环境日益复杂背景下，应以强大国内市场吸引全球要素，以高质量外需反哺产业升级。 国际经验表明，德国依靠"隐形冠军"和职业教育维系制 ...

Core Viewpoint - The company, Yongyou Network Technology Co., Ltd., plans to transfer its unfulfilled fund shares of 35 million RMB in the Gaocheng Investment Fund to Ningbo Yunfanxiang Enterprise Management Partnership for a transfer price of 0 RMB, resulting in a total holding of 65 million RMB in the fund after the transfer [2][4]. Transaction Overview - The company initially intended to subscribe to 100 million RMB in fund shares in June 2022 [4]. - The transfer agreement was signed on January 16, 2026, with the transfer price set at 0 RMB for the unfulfilled shares [4][12]. - The transaction does not require approval from the board of directors or shareholders [4]. - The transaction does not involve related party transactions or constitute a major asset restructuring [5]. Counterparty Information - The counterparty, Ningbo Yunfanxiang Enterprise Management Partnership, was established on October 22, 2019, with a registered capital of 20 million RMB [7]. - The partnership has a good credit status and is not listed as a dishonest executor [8]. Fund Information - The Gaocheng Investment Fund has a total scale of 850 million RMB and focuses on technology innovation and enterprise service projects [8]. - As of December 31, 2025, the fund has invested in five projects with a total investment amount of 374 million RMB [9]. Transaction Details - The transfer of the fund shares is clear of any encumbrances or legal disputes [11]. - The transfer price is deemed fair and does not harm the interests of the company or its shareholders [12][14]. Impact on the Company - The transaction is expected to optimize the company's investment structure and align with its strategic planning, without significantly affecting its financial status or operations [14].

经济观察网 国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖在国新办发布会上表 示，从未来看，我国投资潜力和空间依然巨大，推动新质生产力发展，促进城乡区域协调发展，强化教 育、医疗、住房、基本公共服务等民生保障，满足人民美好生活需要，都需要持续加大投入。对于投资 下降，近期相关部门也推出了不少促进投资增长的措施，尤其是注重提高投资效益、注重激发民间投资 的活力，相信相关政策逐步显效，有利于投资稳步回升。下阶段，要继续优化投资结构，持续改善投资 环境，发挥政府投资导向作用，进一步激发民间投资活力，发挥好投资扩内需、优供给、惠民生的关键 作用，更好促进经济高质量发展。 经济观察网 国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖在国新办发布会上表 示，从未来看，我国投资潜力和空间依然巨大，推动新质生产力发展，促进城乡区域协调发展，强化教 育、医疗、住房、基本公共服务等民生保障，满足人民美好生活需要，都需要持续加大投入。对于投资 下降，近期相关部门也推出了不少促进投资增长的措施，尤其是注重提高投资效益、注重激发民间投资 的活力，相信相关政策逐步显效，有利于投资稳步回升。下阶段，要继续优化投资 ...

Group 1 - The core viewpoint emphasizes the importance of maintaining reasonable investment growth and improving investment efficiency as a key measure for stabilizing growth and promoting high-quality development [1][2] - Short-term, the potential of domestic demand in China has not been fully released, necessitating effective investment to stabilize economic growth [1] - Long-term, China's per capita capital stock is relatively low, and there is a need to enhance investment in public services, particularly in education, healthcare, and social security [1] Group 2 - There is a focus on quality improvement and structural optimization in investment, addressing issues such as over-investment in infrastructure and low returns on traditional investment methods [2] - The investment direction and structure should be optimized to promote industrial transformation, consumption upgrades, and improvements in human capital and social welfare [2] - The investment and financing structure needs to be optimized to reduce reliance on debt financing and enhance the role of government investment in guiding social capital [2] Group 3 - Key tasks include optimizing government investment structure and enhancing the efficiency of government investments through better decision-making and performance management [3] - There is a need to relax restrictions on private investment and improve mechanisms for private enterprises to participate in major projects [3] - Investment should be increased in areas that address urgent public needs, such as childcare, education, healthcare, and housing [3] - Innovative financing mechanisms should be developed to enhance the multiplier effect of government investments [3] - There is an emphasis on revitalizing idle and inefficient assets to improve the utilization efficiency of various resources [3]

Group 1 - The core viewpoint emphasizes the importance of expanding effective investment to maintain reasonable growth and improve investment efficiency, particularly in major engineering and livelihood projects [1] - The investment approval system reform in Anfu County has streamlined processes, allowing for a more efficient project initiation and execution, exemplified by the "one-window" service model [2][4] - The "tolerant approval + commitment system" introduced in Anfu County allows projects to proceed even if some materials are temporarily missing, significantly reducing construction timelines [3] Group 2 - The establishment of a comprehensive elderly care facility in Fangchenggang is driven by the increasing demand from the aging population, with plans for a facility that integrates comfortable living and accessible medical services [6][8] - The project faces financial challenges, requiring innovative funding solutions, including support from policy banks to ensure affordability and sustainability [7][8] - The project aims to provide 550 beds and enhance local elderly care services, reflecting a broader trend of adapting investment structures to demographic changes [8] Group 3 - The construction of the Xi'an to Yan'an high-speed railway is a key example of optimizing government investment structure and increasing the proportion of livelihood-related investments [9][10] - The project is expected to significantly reduce travel time between Xi'an and Yan'an, enhancing connectivity and supporting local economic development [10][11] - A multi-source financing model has been established to ensure adequate funding for the railway project, demonstrating effective coordination among various government departments [11] Group 4 - The successful listing of a REIT for municipal heating infrastructure in Jinan represents an innovative investment model that leverages existing assets to fund new projects [12][15] - The REIT raised 1.496 billion yuan, which will be used for critical infrastructure projects, ensuring continuous and stable construction [15] - This approach exemplifies the potential of financial innovation to unlock new investment opportunities and enhance the efficiency of capital allocation in infrastructure development [15]

Group 1: Investment Policy and Reforms - The "14th Five-Year Plan" emphasizes expanding effective investment, maintaining reasonable growth, and improving investment efficiency [1] - Investment approval reforms are being deepened to optimize government investment structure and increase the proportion of private investment [1][2] - The "container approval + commitment system" allows project units to apply for approvals even if some materials are temporarily missing, expediting the process [3][4] Group 2: Local Government Initiatives - In Anfu County, a "one-window acceptance" area has been established for all approval matters related to projects, streamlining the process significantly [4] - The county has implemented a "Tuesday parallel approval" mechanism, reducing required materials from 18 to 5 and cutting approval time from 7 days to 1 day [4] - Over the past three years, Anfu County has attracted 108 industrial projects with investments exceeding 1 billion yuan [4] Group 3: Aging Population and Healthcare Infrastructure - In Fangchenggang, the elderly population is projected to reach 178,500 by the end of 2024, highlighting a growing demand for elderly care services [6] - A comprehensive elderly care service center is being planned to address the lack of resources, with a focus on affordability and proximity to medical facilities [6][7] - The project has secured 200 million yuan in long-term credit to cover construction costs, demonstrating the role of policy-driven financial support [8] Group 4: Transportation Infrastructure Development - The Xi'an to Yan'an high-speed railway is set to open by the end of this year, significantly reducing travel time from over 2 hours to approximately 1 hour [9][10] - The project exemplifies the optimization of government investment structure and an increase in investments aimed at improving public welfare [10] - A multi-source financing system has been established to ensure funding for the high-speed railway, combining provincial capital, government bonds, and project loans [11] Group 5: Innovative Investment Models - The Jinan Energy Group has successfully launched a public REIT for heating infrastructure, raising 1.496 billion yuan to fund the "Chatou Heating into Jinan" project [12][15] - This innovative financial tool aims to revitalize existing assets and facilitate further investments in infrastructure [15] - The project has already seen significant progress, with the northern line fully connected and the southern line expected to be operational by December [15]