金融是实体经济的血脉。2025年中央经济工作会议圈定金融支持重点，要求"引导金融机构加力支持扩 大内需、科技创新、中小微企业等重点领域"。 受访人士表示，这一部署标志着金融调控由"总量维稳"转向"结构性重塑"。展望2026年，金融机构将聚 焦打通"科技—产业—金融"堵点，从"输血"帮扶升级为"造血"赋能，让金融活水精准滴灌经济毛细血 管。 在上海国家会计学院教授、金融系主任叶小杰看来，金融加力支持重点领域，旨在锚定服务实体的核心 使命，构建增长动力、创新动能与市场主体三位一体的金融支持体系；内需是增长内生动力，科技是高 质量发展引擎，中小微企业是稳就业、畅产业链的关键载体，三者有机联动，破解资金供需错配。 复旦大学国际金融学院副院长、教授高华声从三个层面作出分析： 从总量维稳到结构重塑 宏观层面，金融调控正从"总量维稳"转向"结构性重塑"，引导资金从过度集聚的房地产与传统基建，转 向边际产出更高的内需、科创与小微，阻断"需求收缩—信用放缓"的负循环，平衡防风险与稳增长。 中观层面，三者形成"稳增长、调结构、惠民生"的内循环。金融打通生态血脉，通过支持科创与小微， 激发活力、稳定就业、促进增收，最终释放内需潜力 ...

金融是实体经济的血脉。2025年中央经济工作会议圈定金融支持重点，要求"引导金融机构加力支 持扩大内需、科技创新、中小微企业等重点领域"。 受访人士表示，这一部署标志着金融调控由"总量维稳"转向"结构性重塑"。展望2026年，金融机构 将聚焦打通"科技—产业—金融"堵点，从"输血"帮扶升级为"造血"赋能，让金融活水精准滴灌经济毛细 血管。 从总量维稳到结构重塑 在上海国家会计学院教授、金融系主任叶小杰看来，金融加力支持重点领域，旨在锚定服务实体的 核心使命，构建增长动力、创新动能与市场主体三位一体的金融支持体系；内需是增长内生动力，科技 是高质量发展引擎，中小微企业是稳就业、畅产业链的关键载体，三者有机联动，破解资金供需错配。 复旦大学国际金融学院副院长、教授高华声从三个层面作出分析： 宏观层面，金融调控正从"总量维稳"转向"结构性重塑"，引导资金从过度集聚的房地产与传统基 建，转向边际产出更高的内需、科创与小微，阻断"需求收缩—信用放缓"的负循环，平衡防风险与稳增 长。 中观层面，三者形成"稳增长、调结构、惠民生"的内循环。金融打通生态血脉，通过支持科创与小 微，激发活力、稳定就业、促进增收，最终释放内需潜 ...

Group 1 - The overall performance of Shenzhen's financial industry is stable, with several highlights emerging, including a year-on-year increase of over 5% in loans to small and micro foreign trade enterprises and a high-tech manufacturing loan balance exceeding 1 trillion yuan [1][2] - As of June 30, the total assets of the banking sector regulated by Shenzhen Financial Regulatory Bureau reached 13.98 trillion yuan, a year-on-year growth of 3.64%, while total liabilities were 13.61 trillion yuan, up 3.70% [1] - The insurance sector reported a premium income of 121.31 billion yuan in the first half of the year, marking a year-on-year increase of 7.96%, the highest growth rate among first-tier cities [1] Group 2 - Shenzhen is recognized as a "cross-border e-commerce capital," with financial support playing a crucial role in achieving high-quality growth, including the introduction of 20 specific measures to support foreign trade development [2] - The loan balance for foreign trade enterprises in Shenzhen reached 1.12 trillion yuan, with small and micro foreign trade enterprises seeing a loan balance of 124.53 billion yuan, a year-on-year increase of 5.43% [2] - The manufacturing loan balance in Shenzhen reached 1.61 trillion yuan, with high-tech manufacturing loans at 1.03 trillion yuan, reflecting a year-on-year growth of 6.73% [3] Group 3 - Shenzhen is enhancing financial support for key sectors, including real estate, with a coordinated financing mechanism that has approved 403 projects with a total amount of 549.30 billion yuan [3] - The city is advancing pension finance innovation, with 5.71 million personal pension accounts opened and total contributions of 7.11 billion yuan as of June 30 [3] - Four pilot pension companies in Shenzhen have opened 116,200 commercial pension accounts, with sales amounting to 18.34 billion yuan [3]

Core Viewpoint - Dongguan Bank reported a decline in both revenue and net profit for the first time in five years, indicating challenges in its financial performance amid efforts to support economic recovery [1][3]. Financial Performance - In 2024, Dongguan Bank achieved operating income of 10.197 billion yuan, a year-on-year decrease of 3.69% [1][3]. - The net profit for the year was 3.733 billion yuan, down 8.20% compared to the previous year [1][3]. - The bank's total assets reached 672.73 billion yuan, an increase of 6.97% year-on-year [1][5]. - The loan balance stood at 365.55 billion yuan, reflecting an 11.54% increase from the previous year [1][5]. Asset Quality - As of the end of 2024, the non-performing loan ratio was 1.01%, a slight increase of 0.08 percentage points from the previous year [1]. - The provision coverage ratio was 212.01%, down 40.85 percentage points year-on-year [1]. Revenue Breakdown - Interest income decreased to 20.059 billion yuan, a decline of 1.66% year-on-year, while interest expenses rose to 12.941 billion yuan, an increase of 7.26% [3]. - Net interest income fell to 7.119 billion yuan, down 14.57% year-on-year [3]. - Non-interest income from fees and commissions was 894 million yuan, a decrease of 10.01% [4]. Business Structure Adjustment - The bank's loan structure is shifting, with corporate loans at 228.795 billion yuan and personal loans at 109.857 billion yuan, representing 62.59% and 30.05% of total loans, respectively [6]. - The bank aims to enhance support for key sectors such as small and micro enterprises, technology innovation, and consumer promotion [6]. Shareholder Changes - On January 20, 2025, Dongguan Bank's fourth-largest shareholder transferred approximately 105 million shares, increasing the state-owned shareholding from 37.52% to 42% [2]. Future Outlook - Dongguan Bank plans to maintain a reasonable return on equity and steady asset growth, focusing on cost reduction and differentiated competition strategies [7].