金融监管总局8月20日发布的《商业银行并购贷款管理办法（征求意见稿）》提出，进一步提高并购贷 款占并购交易价款比例上限，延长贷款最长期限，更好满足企业合理融资需求。 办法提出，商业银行应当综合考虑并购交易和并购贷款风险，审慎确定并购贷款占并购交易价款的比 例，确保并购资金中含有合理比例的权益性资金，防范高杠杆并购融资风险。控制型并购贷款占并购交 易价款的比例不得高于70%，权益性资金占并购交易价款的比例不得低于30%。参股型并购贷款占并购 交易价款的比例不得高于60%，权益性资金占并购交易价款的比例不得低于40%。 在贷款期限方面，办法提出，控制型并购贷款期限原则上不超过十年，参股型并购贷款期限原则上不超 过七年。 金融监管总局称，为深入贯彻落实中央金融工作会议精神，推动商业银行优化并购贷款服务，助力现代 化产业体系建设和新质生产力发展，金融监管总局对《商业银行并购贷款风险管理指引》进行修订，形 成《商业银行并购贷款管理办法（征求意见稿）》，现向社会公开征求意见。 （文章来源：中国证券报） 指引自发布以来，为商业银行开展并购贷款业务，支持产业转型升级提供了重要的制度保障和政策支 持。我国经济正处于新旧动能转换 ...

Group 1 - The National Committee of the Chinese People's Political Consultative Conference (CPPCC) has held 279 various consultation activities during the "14th Five-Year Plan" period, enhancing the quality of political consultation [1] - A total of 41,043 proposals were filed, with many recommendations being transformed into policy measures [1] - The CPPCC has established 229 institutional documents to improve the institutionalization, standardization, and proceduralization of its consultation and political duties [1] Group 2 - The CPPCC emphasizes the importance of research and investigation, implementing a "research-consultation-research" approach to deeply analyze issues and propose actionable recommendations [2] - A total of 84 in-depth research projects have been conducted on significant strategic and forward-looking topics, resulting in high-quality research outcomes [2] - CPPCC members have conducted 148 learning and research sessions at the units where committee members are located [2]

Group 1 - The National Committee of the Chinese People's Political Consultative Conference (CPPCC) has conducted 279 various consultation activities during the "14th Five-Year Plan" period, enhancing the quality of political consultation [1] - A total of 41,300 proposals were filed, with 25,043 officially registered, leading to significant policy measures being implemented [1] - The CPPCC has held 10 special meetings on high-level socialist market economy system construction and ecological environment protection, and 57 bi-weekly consultation meetings on optimizing regional education and medical resource allocation [1] Group 2 - The CPPCC emphasizes the foundational role of research and investigation, implementing a "research-consultation-research" approach to develop targeted and actionable policy recommendations [2] - A total of 84 in-depth studies have been conducted on major strategic and forward-looking topics, including new productive forces and governance of new pollutants [2] - CPPCC members have engaged in 148 learning and research activities within their respective units to enhance understanding and collaboration [2]

Group 1 - The core viewpoint of the article emphasizes that the China Securities Regulatory Commission (CSRC) will maintain strict control over the IPO process to prevent large-scale expansions, despite concerns about inclusivity [2] - The global markets are adapting to technological trends and enhancing institutional innovations, which in turn promotes the activity and strength of the secondary market [2] - The CSRC aims to deepen capital market reforms, focusing on nurturing long-term and patient capital, and accelerating the establishment of a policy system that supports long-term investments [2] Group 2 - The reform of the Sci-Tech Innovation Board and the Growth Enterprise Market will be key to developing diverse equity financing options, addressing the full lifecycle needs of various enterprises with a comprehensive product and service system [2] - There will be continuous improvement in the regulatory framework for listed companies, with a focus on the implementation of mergers and acquisitions reforms, increasing incentives for dividends and buybacks, and strengthening measures against financial fraud [2] - The goal is to enhance the quality of development for listed companies, ensuring better returns for investors [2]

Core Viewpoint - The visit of the Jiyuan Demonstration Zone delegation to Zhengzhou focuses on urban governance, cultural tourism integration, and the development of new productivity, aiming to promote the construction of the Zhengzhou metropolitan area [1][2][3] Group 1: Urban Governance and Development - Zhengzhou is implementing the important speeches of General Secretary Xi Jinping and the deployment of the provincial party committee, focusing on building a modern, innovative, and resilient city [2] - The city aims to enhance its governance system through a "one committee, one office, one platform" framework, leveraging the advantages of party organization and digital technology [2] - The collaboration between Zhengzhou and Jiyuan is expected to enhance the construction of a modern metropolitan area through comprehensive and deep exchanges [2][3] Group 2: Technological Innovation and Industry Upgrading - The Jiyuan delegation recognized Zhengzhou's strong momentum in urban governance modernization and the vigorous trend of technological innovation driving industrial upgrades [3] - There is an emphasis on establishing a regular communication and coordination mechanism to plan and implement major cooperation projects [3] - The focus areas for collaboration include industrial synergy, cultural tourism cooperation, shared public services, and interconnected transportation [3] Group 3: Learning and Best Practices - The delegation visited various centers and cultural districts in Zhengzhou, noting the city's innovative practices and significant achievements in urban governance and cultural tourism integration [3] - Zhengzhou's experiences in building a modern city are seen as valuable lessons for Jiyuan to adopt and implement [3]

Core Insights - Guangdong's banking and insurance sectors continue to lead the nation in asset, liability, and loan scales, providing substantial financial support for economic growth and risk management [2] Group 1: Banking Sector Performance - As of June 2023, Guangdong's banking sector reported total assets of 41.2 trillion yuan and total liabilities of 40 trillion yuan, with year-on-year growth rates of 5% and 5.14%, respectively, surpassing the GDP growth rate [2] - The balance of various loans reached 29.23 trillion yuan, with a year-on-year increase of 5.05%, while deposits totaled 32.15 trillion yuan, growing by 6.99% [2] - The total assets of banks in the region (excluding Shenzhen) amounted to 27.22 trillion yuan, reflecting a year-on-year growth of 5.71% [2] Group 2: Credit and Loan Growth - The balance of loans to foreign trade enterprises exceeded 1.8 trillion yuan, marking a 12.5% increase since the beginning of the year, with nearly 100 million yuan in no-repayment renewals for around 2,600 foreign trade companies [3] - Manufacturing loans surpassed 3 trillion yuan, with a year-on-year growth of 7.69%, and infrastructure loans also exceeded 3 trillion yuan, growing by 8.19% [3] - The balance of personal consumption loans reached 1.3 trillion yuan, supporting consumer demand for "old-for-new" financing [3] Group 3: Support for Technology and Innovation - Guangdong is focusing on enhancing financial support for technological innovation, with a total technology loan balance of 3.6 trillion yuan, an increase of 322.7 billion yuan since the beginning of the year [3][4] - The financial regulatory authority is promoting the establishment of specialized technology branches to improve service quality and efficiency in technology finance [5] Group 4: Real Estate Sector - The balance of real estate loans in Guangdong reached 5.62 trillion yuan, with a year-on-year growth of 2.77%, which is higher than the national average [6] - As of June 2023, banks provided credit for 1,812 "white list" projects, with a total credit amount of 1.091829 trillion yuan [6] Group 5: Regulatory Measures and Industry Standards - The Guangdong financial regulatory authority is actively addressing industry issues, including curbing "involution" competition and implementing a negative list for unfair competition [7] - A total of 125 punitive decisions were made in the first half of the year, affecting 129 institutions and 212 individuals, with 6 individuals banned from the industry [7]

Group 1 - The core viewpoint emphasizes the importance of the upcoming 15th National Games and the 12th National Paralympic Games, highlighting the need for thorough preparation to ensure successful hosting [2][3] - The provincial leadership is committed to high standards and rigorous requirements in the preparation process, aiming for a successful event that showcases the achievements of modern China and the Guangdong-Hong Kong-Macao Greater Bay Area [3][4] - Key areas of focus include the opening and closing ceremonies, optimizing creative plans, and enhancing the overall experience to reflect international standards and local culture [3][4] Group 2 - The preparation has entered a critical phase, with a call for continuous effort and collaboration with Hong Kong and Macao to ensure efficient progress [3][4] - There is an emphasis on enhancing infrastructure, public services, and safety measures, including traffic organization, fire safety, medical support, and volunteer services [4][5] - The need for effective marketing and promotion strategies is highlighted to create a vibrant atmosphere for the events, alongside risk management to ensure safety and security [5]

Group 1 - The 20th China Graduate Electronic Design Competition (referred to as "Yandian Competition") East China regional competition was held at Xiamen University, with over 200 teams from 42 universities participating [1][2] - The competition aims to showcase talent, stimulate innovation among graduate students, and enhance collaboration among regional universities to boost China's independent innovation capabilities in the electronic information field [1][5] - The Yandian Competition, initiated in 1996 by the China Electronics Society and Tsinghua University, is one of the largest and most influential thematic competitions in the "China Graduate Innovation Practice Series" [2] Group 2 - As of June 20, the current Yandian Competition attracted 8,228 participating teams from 333 graduate training institutions, with over 30,000 teachers and students registered, marking a 12% increase compared to the previous year [2] - The East China regional competition received 1,540 team registrations, with 1,097 teams in the technical main track, making it the highest in the country [2] - The competition features diverse projects across various fields, including industry, energy, transportation, education, agriculture, and health [2] Group 3 - The Deputy Secretary-General of the China Electronics Society emphasized that universities are the main force in technological innovation and major breakthroughs, and the competition aims to discover projects with industrialization prospects [5] - Participants are encouraged to engage with judges and experts to integrate competition experiences into their research innovations, with experts providing guidance for project industrialization [5]

Core Viewpoint - The Chinese government is launching a large-scale vocational skills enhancement training initiative, aiming to provide over 30 million subsidized training sessions over the next three years, focusing on high-demand industries and key employment groups [1][3]. Group 1: Training Focus Areas - The training will target six key sectors: advanced manufacturing, digital economy, low-altitude economy, transportation, agriculture and rural areas, and life services, from 2025 to the end of 2027 [3]. - The initiative will prioritize three main groups: enterprise employees, college graduates, and migrant workers, ensuring continuous enhancement of vocational skills [3][4]. Group 2: Demand-Driven Approach - The training program is designed to meet the actual demand for skilled labor in various industries and the genuine employment needs of workers, tailoring training projects, formats, and content accordingly [4][6]. - Local governments will determine training projects based on economic development, industrial structure, and labor resources to enhance the effectiveness and relevance of the training [6]. Group 3: Collaborative Support - The initiative will leverage policy support and service guarantees, engaging enterprises, educational institutions, and training organizations to enhance the market's initiative, flexibility, and diversity [8]. - There will be a focus on coordinating efforts across departments to develop specialized training plans and strengthen the supply of urgently needed skilled labor [11]. Group 4: Employment Integration - The program emphasizes the importance of aligning training with employment opportunities, encouraging workers to participate in skill assessments and obtain certification to improve their job competitiveness [13]. - The goal is to ensure that training leads to employment, thereby increasing income for workers through effective job placement services integrated into the training evaluation process [13].

Group 1 - Shandong Railway Investment Holding Group (Shandong Iron Investment Group) collaborates with Zhenglue Consulting to develop the "14th Five-Year" (2026-2030) overall strategic plan, focusing on innovation-driven development and high-quality growth [1] - The group, established with a registered capital of 48.68 billion yuan, is a large state-owned enterprise approved by the Shandong Provincial Government, specializing in railway investment, construction, operation, and management [1] - As of now, Shandong province has a high-speed railway operating mileage of 3,047 kilometers, ranking first in the country [1] Group 2 - Shandong Iron Investment Group emphasizes its mission of "leading and taking responsibility," focusing on "main business + scientific innovation" to enhance quality and efficiency while ensuring stable development [2] - The group aims to create a comprehensive railway development entity that leads in operational scale, development quality, industry influence, and technological innovation [2] Group 3 - Zhenglue Consulting has extensive experience in the "big transportation" sector, having served over half of the provincial transportation investment groups in China, including Shandong Highway Group and Guangdong Provincial Transportation Group [3] - The consulting firm provides strategic planning, organizational control, human resources, brand marketing, financial management, and digital transformation services to various industries [4]