技术的持续突破离不开系统的研发投入与人才机制。公开数据显示，中科环保近年来研发投入持续加 码，2025年上半年研发经费同比增长37.80%，并在股权激励中将研发投入强度不低于3.5%列为考核指 标之一。 同时，中科环保与中国科学院工程热物理所、广州能源所、兰州化物所等10余家院所和高校开展紧密的 联合研发并建立创新联合体，每年新增2-3个合作项目，通过"关注一批、孵化一批、产业化一批"的创 新节奏，为技术迭代提供系统性保障。近期，中科环保成功获批设立博士后科研工作站，进一步提升了 高端人才培养与技术攻坚能力。持续的研发投入、丰富的人才储备、紧密的院所合作，正是其取得优异 成绩的根本所在。 "十五五"规划明确提出"加快高水平科技自立自强"，强调以科技创新引领产业创新，并通过基础研究 的"深蹲助跑"与产业发展的"加速冲刺"相互助力，培育壮大新质生产力，形成推进高质量发展的源源动 力。12月19日召开的国务院常务会议对开展固体废物综合治理行动作出部署，提出要构建全链条、无害 化的治理体系，提升资源化利用水平，发挥市场力量推动循环经济。在一系列政策导向下，环保产业的 技术创新成为衡量企业长期价值的关键标尺，被赋予了更 ...

Core Viewpoint - The "Action Plan" for the Yangtze River Delta aims to establish a model for ecological protection and green development, marking a significant step towards building a "Beautiful China" [1] Group 1: Green Development - The plan emphasizes the deep integration of digitalization, intelligence, and greening in traditional industries such as petrochemicals, steel, and textiles to enhance production efficiency and reduce emissions [2] - Achieving standardized shore power facilities at regional docks will help reduce fuel emissions from ships during port stays, improving air quality [2] - The overall elimination of National III diesel trucks in the region is expected to significantly lower exhaust emissions in the transportation sector, contributing to better air quality [2] Group 2: Ecological Protection - The Yangtze River Delta faces challenges like water pollution despite its rich water resources; enhancing water ecological protection and restoration is crucial for sustainable development [3] - The plan sets targets for improving water ecological environments, with the construction rate of beautiful rivers and lakes reaching 44% and beautiful bays over 40% [3] Group 3: Reform and Innovation - The expansion of pollutant trading pilot programs is aimed at incentivizing companies to reduce emissions through market mechanisms, enhancing resource allocation efficiency [3] - Exploring financial support models for beautiful city construction will provide funding for ecological protection and green development projects, addressing funding shortages [3] Group 4: Challenges and Opportunities - The plan acknowledges challenges in regional collaborative governance, particularly in breaking down administrative barriers for deeper cooperation [3] - Traditional enterprises may face pressures related to technological upgrades and funding during the green transition, necessitating supportive government policies [3] Group 5: Overall Impact - The implementation of the "Action Plan" is expected to yield significant results in ecological protection and green development, positioning the Yangtze River Delta as a pioneering and exemplary region for "Beautiful China" initiatives, offering replicable experiences for other areas [4]

中央经济工作会议再次强调"因地制宜发展新质生产力"，为如何发展新质生产力、化解当前存在的一些 乱象指明了方向。 强调因地制宜，在于打破"新质生产力等于新兴产业"的片面认知，推动传统产业升级与新兴产业培育共 同发展。国家统计局数据显示，今年1月份至11月份，我国高技术制造业增加值保持快速增长，电子专 用材料、集成电路等新兴领域增速亮眼。与此同时，经过技术改造的煤炭、化工等传统行业也实现了稳 健增长，生物基材料等技改相关产业增速尤为突出。这种"新旧并举"的格局，正是各地科学布局的呈现 ——新兴产业快速成长，传统产业焕发生机，共同勾勒出新质生产力的发展图景。 不同地方对此已有一些差异化探索。例如，有的地方聚焦新型材料，培育"隐形冠军"，形成立足资源禀 赋、细分赛道谋求突破的模式，为老工业城市发展提供了可供借鉴的样本；有的地方发展量子计算、空 天信息等未来产业，向产业链高端攀升。回顾今年多地的发展实践，一条清晰的逻辑正在显现：新质生 产力绝非"千城一面"的单一模板，而是走特色化发展道路的结果。 新质生产力本质上也是绿色生产力。数据表明，今年1月份至11月份，全国清洁能源发电量增长显著， 风电设备、新能源汽车及动力电池 ...

"推动绿色化就是推动全过程的绿色制造体系构建，以绿色设计为引领，通过规范和标准处理原料、设 备、工艺、产品到循环回收利用。"翟刚说，因为新质生产力的本色正是绿色生产力，要把四川的工业 绿色制造能力做进一步提升，推动全面绿色低碳转型。 "'三化'中的高端化将通过几种方式来提高，比如从创新来推动产业基础的高级化，产品的高端化和高 附加值、高品质，尤其是通过模式创新来推动服务型制造，提高产品附加值。"翟刚表示，高端并不代 表价格高，在产品不断升级的情况下价格低还优质，这样才有竞争力。 根据近期出台的《四川省加快制造业智能化改造数字化转型行动计划（2024—2027年）》，到2027年， 全省规模以上工业企业实现数字化转型全覆盖。在推动智能化方面，翟刚表示，在全面完成智改数转任 务的同时，明年将启动推动构建智能产业体系，这是对产业体系的整体升级，包括做强先进产业链、产 业集群，AI的赋能应用推广，这些方面下一步都会有具体行动。 四川省经济和信息化厅厅长翟刚： 12月23日，省委经济工作会议在成都举行。分组会上，四川省经济和信息化厅党组书记、厅长翟刚表 示，去年以来，全省经济运行保持平稳向好态势，全省工业坚持稳中求进的 ...

重点降碳路径全面落地见效。中国深入实施节能降碳增效行动、循环经济助力降碳行动、碳汇能力巩固 提升行动，取得积极成效。"十四五"前四年我国单位国内生产总值能耗累计下降11.6%。2024年，废钢 铁、废有色金属、废纸、废橡胶、废玻璃等主要再生资源年利用量超4亿吨。 支撑保障体系不断夯实。中国持续加强碳排放统计核算、标准计量等基础能力建设，提升科技创新能 力，完善经济支持政策，健全市场化机制，工作支撑保障逐步加强。截至2024年底，我国本外币绿色贷 款余额36.6万亿元，投向具有碳减排效益的贷款占比接近七成。 中国是全球气候治理的坚定行动派、重要贡献者。展望"十五五"，随着我国绿色生产力快速发展、新旧 动能转换升级、城镇化发展质量提升、科技创新厚积薄发，绿色转型步伐将进一步加快。如期实现碳达 峰，将扭转化石能源等资源消耗和污染物排放刚性增长的趋势，有力推动生态环境质量持续改善，厚植 高质量发展的绿色底色。 非化石能源消费比重由2020年的16.0%增至2024年的19.8%；2025年1月至9月，新能源乘用车国内市场 渗透率达到52.2%；"十四五"前四年我国单位国内生产总值能耗累计下降11.6%……作出碳达峰碳 ...

Group 1 - The meeting between Shaanxi provincial leaders and China Datang Group's executives focused on enhancing cooperation in energy projects and technology innovation [1] - Shaanxi is advancing its energy industrial transformation towards a clean, low-carbon, and efficient energy system, aiming to foster green productivity [1] - China Datang Group expressed its commitment to align with Shaanxi's development needs and expand collaboration in major energy projects and new energy development [1]

陈莉分析了公募基金行业发展的趋势。一是聚焦战略导向，"产业""民生"投资双轮驱动。未来投资和产 品设计将围绕现代化产业体系建设和扩大内需两个战略支点，更加聚焦以新质生产力、绿色生产力为代 表的科技赛道和以新业态新模式新场景为代表的新消费赛道，充分体现"投资于物"与"投资于人"两大主 线。二是坚持以人为本，践行金融为民责任担当。以投资者为核心的价值导向将更加全面深入地融入行 业全业务链条。三是"指数""养老"扩容，夯实长期资金入市根基。在被动化、长期化投资的推动下， ETF和养老金业务将迎来更加广阔的发展空间。四是数智转型加速，驱动行业生态重构升级。人工智能 将深刻影响行业发展生态和竞争格局。五是把握开放机遇，稳步拓展国际业务版图。跨境业务将成为行 业吸引外资、助力中国式现代化建设的重点方向。 陈莉认为，面对新形势、新蓝图、新任务，公募基金公司唯有锚定国家发展所需和民之所向，顺势而 为，苦练内功，塑造核心能力和护城河优势，才能肩负起时代赋予的使命，在韧性与压力并存的环境中 实现突围，聚势赋能。一是打造服务国家战略的系统投研能力。二是打造服务客户需求的布局持营能 力。三是打造服务长期资金的业务拓展能力。四是打造服 ...

Core Insights - The 20th Central Committee of the Communist Party of China has approved the "15th Five-Year Plan" proposal, which has garnered significant international attention for its focus on high-quality development and long-term strategic planning [1][2][3]. Group 1: Economic Development Focus - The "15th Five-Year Plan" emphasizes improving the quality of life for citizens and enhancing domestic economic circulation, highlighting the importance of the private sector in China's economic growth [2][3]. - The plan aims to foster strategic emerging industries such as biomanufacturing, brain-computer interfaces, embodied intelligence, and 6G mobile communication as new economic growth points [2][3]. - The proposal underscores the need for a balanced approach between boosting consumption and effective investment, advocating for a new demand-driven supply model [6][7]. Group 2: Innovation and Technology - The plan prioritizes technological self-reliance and innovation as key drivers for economic development, aiming to enhance the overall effectiveness of the national innovation system [5][6]. - It stresses the integration of advanced technologies like artificial intelligence, green manufacturing, and biotechnology into the industrial framework, promoting collaboration among universities, enterprises, and research institutions [5][6]. - The focus on sustainable and inclusive growth reflects a shift towards quality and sustainability in economic planning [3][4]. Group 3: Global Economic Impact - The "15th Five-Year Plan" is positioned not only to solidify China's development but also to contribute positively to global economic growth, emphasizing high-level openness and cooperation [8]. - The plan signals China's commitment to economic globalization and strengthening South-South cooperation, aiming to enhance confidence and stability in the global economy [8]. - China's achievements during the "14th Five-Year Plan" period are seen as a foundation for leading new global development trends, particularly in logistics, energy, agriculture, education, and science [7][8].

Group 1: Core Perspectives - The construction of a Beautiful China is a long-term strategic task and systematic project, with a focus on achieving harmony between humans and nature by 2035 [2][5] - The "14th Five-Year Plan" period is identified as a critical window for comprehensive green transformation in China's economy and society, emphasizing the need for systemic solutions [3][5] Group 2: Green Development and Innovation - Green development is highlighted as a distinctive feature of Chinese modernization, necessitating the acceleration of green productivity and the promotion of systemic governance of ecological pollution [3][6] - The need for a high-level ecological environment technology innovation system is emphasized, focusing on integrating research, technology breakthroughs, and practical applications [12] Group 3: Pollution Prevention and Control - Continuous advancement in the governance of new pollutants is essential for pollution prevention and the construction of a Beautiful China, requiring a full lifecycle risk management approach [4][7] - The implementation of solid waste comprehensive governance actions is necessary to promote source reduction and address solid waste issues in key areas [7] Group 4: Climate Change and Carbon Neutrality - The "14th Five-Year Plan" period is a strategic period for achieving carbon peak and carbon neutrality goals, with a focus on transitioning the energy structure and promoting low-carbon development across various sectors [10][11] - The establishment of a carbon market is seen as a significant institutional innovation to control greenhouse gas emissions and facilitate a comprehensive green low-carbon transition [11] Group 5: Policy and Institutional Reforms - Deepening ecological civilization system reforms is crucial to address complex environmental challenges and enhance the ecological environment governance system [8][9] - The development of green finance is essential for supporting the construction of a Beautiful China, with an unprecedented demand for financing during the "14th Five-Year Plan" period [4][9]

Economic Growth and Contribution - China's GDP is projected to reach approximately 140 trillion yuan in 2024, maintaining about 17% of the global economy, solidifying its position as the second-largest economy in the world [4][6] - Over the past five years, China's economic increment is expected to exceed 35 trillion yuan, surpassing the economy of the third-ranked country globally [7] Research and Development - In 2024, total R&D expenditure is expected to exceed 3.6 trillion yuan, ranking second globally [11] - The R&D intensity is at 2.68%, surpassing the average level of EU countries, with the total number of R&D personnel being the highest in the world [11] Infrastructure and Technology - Approximately 4.6 million 5G base stations have been built, leading globally in both technology and user numbers [13] - Major technological achievements include the full operation of the "Tiangong" space station and the commercial operation of the C919 domestic aircraft [17] Social Welfare and Quality of Life - China has established the largest education, social security, and healthcare systems globally, with a consolidation rate of compulsory education and insurance coverage rates for basic pension and medical insurance both exceeding 95% [20] - There are 1.09 million healthcare institutions available, with over 90% of the population able to access medical services within a 15-minute distance [21] Environmental Sustainability - The installed capacity of renewable energy generation has historically surpassed that of coal power, with one-third of electricity being generated from green sources [25] - Over the past five years, forest coverage has increased by over 25%, contributing to one-fourth of the global increase in greening area, equivalent to the area of Shaanxi Province [26] Agricultural Production - Grain production has exceeded 1.3 trillion jin for ten consecutive years, with projections to surpass 1.4 trillion jin in 2024 [31] - The total arable land area is 1.94 billion hectares, with plans to increase high-standard farmland by 28 million hectares [32] Trade and Global Cooperation - The scale of goods trade has grown at an average annual rate of 8%, maintaining China's position as the largest trading nation [36] - In 2024, the China-Europe Railway Express has reached over 110,000 trips, accounting for more than 50% of China's import and export volume, connecting to 26 countries and 229 cities in Europe [37]