"证券公司学习宣传贯彻党的二十届四中全会精神"系列报道 首创基石客户经理制度、构建"AI*(1+4+N)"数智财通创新体系、蝉联权益类基金10年期收益冠军、落地 多个全国首单科创债和ABS项目、实现港股上市独立保荐从0到1的突破、离岸基金管理规模创新高…… 回顾财通证券的发展历程，这一桩桩鲜活的资本实践，既是一部以客户为中心、以科技赋能破局立新的 奋进史，也是证券行业服务实体经济、助力经济高质量发展的生动实践。 "作为浙江唯一省直属券商，财通证券始终秉持'金融服务实体经济'根本宗旨，努力打造科创型、服务 型、平台型、变革型的'四型财通'，通过发挥专业优势，助力经济高质量发展。"财通证券党委书记、 董事长章启诚日前在接受中国证券报记者专访时说："财通证券牢记金融服务实体经济的初心使命，以 实绩数据彰显责任担当，持续为实体经济高质量发展和新质生产力培育提供有力金融支撑。" 潮平岸阔，正扬帆时。正值"十五五"昂扬启程的关键节点，面对新阶段的新要求，章启诚表示，财通证 券深入学习领会党的二十届四中全会精神，立足于服务国家战略和创新浙江建设的使命定位，秉持"金 融向新、融智未来"的美好愿景，将持续巩固和深化"四型财通" ...

Key Points - The Shanghai Composite Index achieved a 17-day consecutive rise, marking the longest streak since its establishment, closing at 4165.29 points on January 12, 2026, with a trading volume exceeding 3 trillion yuan [8][9]. - The National Foreign Exchange Administration is deepening foreign exchange facilitation reforms and promoting high-level institutional opening [9][10]. - The China Securities Regulatory Commission has significantly increased the rewards for whistleblowers reporting securities and futures violations, with the maximum reward rising from 100,000 yuan to 1 million yuan for serious cases [12][13]. - The insurance industry reported a premium income of 5.76 trillion yuan for the first 11 months of 2025, reflecting a year-on-year growth of 7.6%, driven by strong performance in life insurance [14]. - The People's Bank of China has increased its gold reserves for 14 consecutive months, indicating a strategic response to global financial changes and a shift in reserve asset structure [15]. - The Consumer Price Index (CPI) rose by 0.8% year-on-year in December 2025, the highest level since March 2023, driven by increased consumer demand and rising food prices [16][17].

Core Insights - The event highlighted the achievements of CITIC Securities during the "14th Five-Year Plan" and outlined the development strategy for the "15th Five-Year Plan" period, focusing on high-quality development and service to the real economy [1][2] Group 1: Achievements During the "14th Five-Year Plan" - CITIC Securities has completed equity financing of 3.1 trillion yuan, bond financing of 56.9 trillion yuan, and mergers and acquisitions totaling 2.4 trillion yuan, with an additional 60 billion yuan in equity investments, particularly in AI, biomedicine, and new energy sectors [2] - The company's asset management scale reached 4.7 trillion yuan, with client asset custody totaling 15 trillion yuan, and global financial products exceeding 800 billion yuan, indicating significant progress in wealth management transformation [2] - Total assets surpassed 1 trillion yuan and 2 trillion yuan during this period, with annual revenue exceeding 60 billion yuan for five consecutive years and net profit maintained around 20 billion yuan [2] Group 2: Future Development Strategy - CITIC Securities aims to focus on four key areas: supporting the construction of a financial powerhouse, better serving investors and residents' asset allocation, enhancing services for the real economy and new productive forces, and providing professional services for high-level institutional opening [3] - The company has set a goal to become a global demand discoverer, journey companion, and professional value leader, leveraging its core capabilities in trading services, wealth management, financing services, and comprehensive services [3] - The newly launched "Xin 100" wealth management brand integrates a wide range of products and client resources, offering tailored wealth management services across different life stages for individuals and families [4]

（文章来源：每日经济新闻） 每经讯：12月11日至13日，由每日经济新闻与海南国际经济发展局联合主办的2025第十四届上市公司发 展年会暨海南自贸港开放机遇交流大会系列活动在海口举行。中国国际经济交流中心副理事长、中国进 出口银行原董事长胡晓炼在12日举办的主会场活动中发表主旨演讲时表示，高水平的制度型开放不是单 方面规则、规制、管理标准的输入，而是双向对接。我们国家有一些优势产业，也有一些领先行业以及 良好的实践。我们可以把先进领域、领先行业的良好实践总结出来，形成规则、规制和标准，向世界输 出并形成世界标准。 ...

中国证券业协会第八次会员大会12月6日在北京举行。就"加快打造一流投资银行和投资机构，更好助推 资本市场高质量发展"，中国证监会党委书记、主席吴清在致辞时提出五点希望：行业功能发挥要迈上 新台阶、专业服务能力要展现新提升、差异化特色化发展要做到新突破、加强合规管理和风险防控要取 得新成效、行业文化建设要焕发新气象。 围绕奋力打造一流投资银行和投资机构，吴清提出，行业功能发挥要迈上新台阶。"这几年行业一个大 的变化，就是从简单追求规模利润扩张，加快转向功能优先。"他表示，要继续巩固这一良好势头，坚 决摒弃简单拼规模、比增速、争排名，切实把重心聚焦到高质量发展上来。始终从实体企业和产业发展 需要出发优化业务结构、创新产品工具，围绕做好金融"五篇大文章"，加大资金、人才、技术等方面资 源投入，力戒脱实向虚、自我循环。深入研判科技创新和产业创新融合趋势，敏锐洞察、及时响应企业 对金融服务需求变化，积极参与科创板、创业板等重大改革，不断提升产品服务的精准性、适配性。时 刻牢记个人投资者占绝大多数这个最大市情，进一步强化证券公司交易主渠道综合优势，自觉维护市场 交易秩序和"三公"原则。要带头践行价值投资理念，强化跨周期逆 ...

Group 1 - The exhibition showcases the achievements of the Pudong New Area under the guidance of national strategies, emphasizing high-quality development, technological innovation, and modern urban governance [1] - Pudong has been granted significant strategic tasks through various national reform documents, highlighting its role as a place for realizing dreams and ideals [1] - The exhibition features sections on promoting a comprehensive business environment, optimizing enterprise services, and advancing high-level institutional openness in the Shanghai Free Trade Zone [1] Group 2 - Companies like Maiwei and Fourier have thrived in Pudong's favorable business environment, contributing to the growth of the biotechnology and robotics sectors [2] - The exhibition includes initiatives for enhancing global resource allocation and promoting mutual development through outbound and inbound strategies [2] - New cultural and tourism events, such as the "Pudong Carnival" and various festivals, are introduced to stimulate consumer activity and modernize urban governance [2]

在中国证券业协会第八次会员大会上，证监会主席吴清作了重磅发言，总结并充分肯定近年来证券行业 发展取得的成绩，同时提出深刻把握"十五五"时期证券行业的使命责任。 展望未来，吴清提出："'十五五'是推进中国式现代化、加快建设金融强国的关键时期。""新征程上，证 券行业作为直接融资的主要'服务商'、资本市场的重要'看门人'、社会财富的专业'管理者'，发展空间广 阔、大有可为，必须主动呼应时代召唤，自觉担负使命责任。"对此，吴清提出了四点，一是"要在服务 实体经济和新质生产力发展方面强化使命担当"；二是"要在更好服务投资者、助力居民资产优化配置方 面强化使命担当"；三是"要在加快建设金融强国方面强化使命担当"；四是"要在促进高水平制度型开放 方面强化使命担当"。吴清还表示，"十五五"期间要"奋力打造一流投资银行和投资机构"，认真落实四 中全会关于金融机构"专注主业、完善治理、错位发展"的部署要求，把握机遇，勇立潮头，争创一流。 回望过去，吴清表示："在各方共同努力下，投资者信心和预期明显改善，市场韧性和抗风险能力明显 增强，今年以来A股市场总体稳健活跃，总市值超过100万亿元，实现了量的合理增长和质的有效提 升。"" ...

Core Viewpoint - The speech by Wu Qing at the China Securities Association's eighth member conference emphasizes the mission and responsibilities of the securities industry during the "14th Five-Year Plan" period, highlighting its role in supporting China's modernization and financial strength [1] Group 1: Mission Responsibilities - The securities industry must enhance its role in serving the real economy and the development of new productive forces, particularly in the context of technological revolutions and industrial transformations, where it plays a crucial role in connecting capital markets with enterprises [2] - There is a need for the industry to better serve investors and assist in optimizing the allocation of residents' assets, as the current proportion of stocks and funds in residents' assets is about 15%, similar to the level in the U.S. 30 years ago, indicating significant potential for growth in asset management services [3] - The industry is tasked with accelerating the construction of a strong financial nation, which requires not only large commercial banks but also world-class investment banks that excel in professionalism and service quality, thereby gaining influence in global capital flows and asset pricing [3] - The industry must promote high-level institutional openness, as China's international cooperation in supply chains and overseas expansion of domestic enterprises necessitate professional service institutions that understand both domestic and international market rules [4]

Core Viewpoint - The speech emphasizes the importance of accelerating the development of a first-class investment banking and investment institution to better support the high-quality development of the capital market [3][4][10]. Group 1: Achievements in the Securities Industry - The securities industry has shown significant growth, with total assets of 107 securities firms reaching 14.5 trillion yuan and net assets at 3.3 trillion yuan, representing growth of over 60% and 40% respectively over the past four years [5]. - The number of clients served by securities companies has exceeded 240 million, marking a 26% increase [5]. - The industry has facilitated the listing of nearly 1,200 technology innovation enterprises and supported domestic financing exceeding 51 trillion yuan [5]. Group 2: Responsibilities in the 14th Five-Year Plan - The securities industry is tasked with enhancing its role in serving the real economy and supporting new productive forces, particularly in sectors like AI, biomedicine, and green energy [7]. - There is a need to better serve investors and optimize asset allocation for residents, as the proportion of stocks and funds in household assets is only about 15%, compared to 30% in the U.S. 30 years ago [8]. - The industry must contribute to building a strong financial nation by developing international-level investment banks that can influence global capital flows and asset pricing [9]. Group 3: Building First-Class Investment Banks - The industry is encouraged to focus on high-quality development rather than merely expanding scale and profits, emphasizing the importance of serving the real economy [10]. - There is a call for improved professional service capabilities, including better IPO and M&A services, and enhanced wealth management services [11]. - Differentiated and specialized development is essential, with both large and small firms encouraged to leverage their unique advantages [13]. Group 4: Compliance and Risk Management - Compliance and risk management are highlighted as critical for the survival of industry institutions, with a focus on enhancing governance effectiveness and preventing conflicts of interest [14]. - The industry must strengthen transaction management and ensure fair trading services for different types of investors [14]. Group 5: Cultural Development in the Industry - The importance of cultivating a strong industry culture is emphasized, with a focus on long-termism and reputation management [15]. - There is a need to attract and develop a talented workforce that adheres to professional ethics and possesses strong capabilities [15]. Group 6: Association's Role in Industry Development - The securities industry association is urged to strengthen self-regulation and enhance governance mechanisms to support high-quality industry development [16]. - The association should focus on fostering a vibrant industry ecosystem and actively contribute to the development goals outlined in the 14th Five-Year Plan [16].

三是在加快建设金融强国方面强化使命担当。强大的金融机构是金融强国的关键要素，对资本市场来 说，更需要有国际一流的投资银行。"证券行业每一家机构都要对标金融强国建设的目标，在核心竞争 力、市场引领力、投资能力等方面苦练内功。"吴清强调。 四是在促进高水平制度型开放方面强化使命担当。近年来，证券行业机构在帮助企业跨境融资、并购等 方面的作用日益显现，同时，中国资产已经成为也会长期构成全球化资产配置当中不可或缺的一部分。 吴清指出，无论是中国投资还是投资中国，都需要一批熟悉中国国情也精通国际规则、国际市场情况， 能够高效动员全球资源的专业服务机构。 （编辑：罗辑 审核：夏欣 校对：燕郁霞） 中经记者 孙汝祥 夏欣 北京报道 证监会主席吴清12月6日在中国证券业协会第八次会员大会上表示，证券行业作为直接融资的主要服务 商、资本市场的重要"看门人"、社会财富的专业管理者，发展空间广阔、大有可为，未来五年需要自觉 担负起四个方面的使命。 一是在服务实体经济和新质生产力发展方面强化使命担当。吴清指出，证券公司连接资本市场和实体企 业，拥有扎实完备的研究体系、专业化的价值评估和风险定价能力，具备得天独厚的优势，在发掘企业 的 ...