【导读】基金首席解读党的二十届四中全会精神："十五五"蓝图绘就，"科技+绿色+制造+民生"有望成为我国经济新动能 中国基金报记者 李树超 曹雯璟 据新华社报道，中国共产党第二十届中央委员会第四次全体会议，于2025年10月20日至23日在北京举行。全会审议通过了《中共中央关于制定国民经济和 社会发展第十五个五年规划的建议》。 全会释放出哪些积极信号？对中国宏观经济未来发展有何指导作用？哪些行业有望成为实体经济发展新动能？科技创新将如何改变中国？资本市场哪些行 业有望受益？ 为此，中国基金报记者采访了招商基金研究部首席经济学家李湛，中航基金副总经理兼首席投资官邓海清，创金合信基金首席经济学家魏凤春，金鹰基金 首席经济学家、基金经理杨刚，博时基金首席权益策略分析师陈显顺，财通基金首席策略分析师王磊。 他们认为，全会释放出坚持高质量发展、深化改革创新的积极信号。"十五五"时期，中国经济有望在保持合理增速的同时，实现质量和效益全面提升，科 技发展将成为经济增长的核心驱动力。 创金合信基金魏凤春：全会释放出坚持高质量发展、深化改革创新的积极信号。 招商基金李湛：战略机遇期仍在，只是更具"结构性"——政策与资本都将从"总 ...

【导读】基金首席解读党的二十届四中全会精神："十五五"蓝图绘就，"科技+绿色+制造+民生"有望成为我国经济新动能 中国基金报记者 李树超 曹雯璟 据新华社报道，中国共产党第二十届中央委员会第四次全体会议，于2025年10月20日至23日在北京举行。全会审议通过了《中共中央关 于制定国民经济和社会发展第十五个五年规划的建议》。 全会释放出哪些积极信号？ 对中国宏观经济未来发展有何指导作用？哪些行业有望成为实体经济发展新动能？科技创新将如何改变中国？ 资本市场哪些行业有望受益？ 为此，中国基金报记者采访了 招商基金研究部首席经济学家李湛，中航基金副总经理兼首席投资官邓海清，创金合信基金首席经济学家魏 凤春，金鹰基金首席经济学家、基金经理杨刚，博时基金首席权益策略分析师陈显顺，财通基金首席策略分析师王磊 。 他们认为，全会释放出坚持高质量发展、深化改革创新的积极信号。"十五五"时期，中国经济有望在保持合理增速的同时，实现质量和效 益全面提升，科技发展将成为经济增长的核心驱动力。 创金合信基金魏凤春： 全会释放出坚持高质量发展、深化改革创新的积极信号。 招商基金李湛： 战略机遇期仍在，只是更具"结构性"——政策与资本 ...

本次招聘会在重庆文理学院举行，面向重庆文理学院、重庆水利电力职业学院、重庆财经职业学院等永川西部职教基地高校2026届毕业生。除 本地企业积极参与外，招聘会还吸引了浙江、四川等外地企业参与，招聘岗位涵盖机械制造、电子电气、医药等多个领域。 央视网消息：眼下，2025年秋季专场招聘活动正在全国各地展开。在山西晋城，当地政府、学校、企业三方联动开展专场招聘，为求职者打造 一站式就业服务。 | CCTV 13 | 就在"番"秋·取引未来 | | 就在"番"秋·取引未索CTV//com | | --- | --- | --- | --- | | 目 | 普城市2025年金秋招聘月专场招聘会 | | 晋城市2025年金秋招聘月专场招聘会 | | | 就业见习区 | | 就业见习区 | | C31 | 晋城成恩视光眼科医院有限责任公司 (见习单位) | C21 | 山西共翔律师事务所(见习单位) | | C32 | 晋城市艺点包装设计有限公司(见习单位) | C22 | 沿景(山西)规划设计有限公司(见习单位) | | C33 | 山西新之道餐饮管理有限公司(贝习单位) | C23 | 晋城市盛世飞达广告有限公司(见习单 ...

招聘会由省工业和信息化厅、省教育厅、省人力资源和社会保障厅(省人力资源开发局)联合主办， 省中小企业发展服务中心、海南科技职业大学承办。 招聘会当天同步开启"直播推职"专场，邀请国际食品(海南)有限公司(蜜雪冰城)、海南海仕通船务 有限公司等5家企业到直播间介绍招聘岗位，通过线上平台实时推介优质岗位，打破时空限制，为未能 到场的毕业生提供便捷求职渠道，单场直播观看量超8500人次。 海南日报海口10月24日讯(海南日报全媒体记者 邵长春)10月24日，2025年全国中小企业网上百日 招聘高校毕业生活动暨"优企进校 招才引智"专项行动——海南科技职业大学校园招聘会在海口成功举 办。本次活动为我省高校毕业生与中小企业搭建了高效精准的就业对接平台。 本次招聘会共组织80余家中小企业参会，涵盖智能制造、现代服务、信息技术等多个产业领域，提 供就业岗位1700余个。 ...

Group 1 - The 2025 autumn recruitment events are being held nationwide, with local governments, schools, and enterprises collaborating to provide one-stop employment services for job seekers [1] - In Jin City, the recruitment fair features ten specialized zones, allowing recent graduates to interact directly with recruiters and receive one-on-one career guidance [2] - The Jin City Talent Service Center has selected 427 employment service specialists to assist nearly 5,000 graduates with personalized employment support, including policy consultation and job recommendations [4] Group 2 - The Jin City recruitment fair has gathered over 200 employers from key industries such as equipment manufacturing and modern services, offering more than 3,000 job positions to meet diverse job seeker needs [6] - An employment internship area has been established, featuring nearly 200 internship positions from 46 local enterprises, facilitating the transition from campus to workplace for recent graduates [6] Group 3 - In Chongqing's Yongchuan District, a job fair for 2026 graduates attracted 328 companies offering over 2,500 job positions, with participation from local and external enterprises [7] - The Yongchuan job fair emphasizes collaboration between educational institutions and industries to align student skills with job market demands, enhancing the employability of graduates [9] - The event includes five service areas, providing comprehensive support such as social security policy consultation and resume optimization [9] Group 4 - The 2025 autumn Northeast Five Schools job fair in Harbin features 681 companies offering over 44,000 job positions, including opportunities from state-owned enterprises and Fortune 500 companies [10] - The fair is organized into nine specialized zones, focusing on areas like revitalization of Northeast China and intelligent construction, creating an "employment supermarket" for precise job matching [10]

如果说发展是答好"民生答卷"的关键，那么产业就是"起笔破题"的基础。培育壮大种业、深海、航天三 大未来产业以及以热带特色高效农业为代表的高技术、高效能、高质量产业，升级提质以旅游业、现代 服务业、高新技术产业等为代表的智能化、绿色化、融合化优势产业……产业焕新、发展向好，无论本 地居民还是外来人才，都将从中受益。 对标当今世界最高水平的开放形态，必须配套以最高服务水平的营商环境。深化极简审批改革，打 造"审管法信"一体联动监管服务机制，做到"无事不扰、有事管好"；深入推进"机器管招投标""机器管 政府采购"等改革，大幅减少人为干预因素，形成"制度刚性+技术赋能"双驱动……以全岛封关运作为契 机，营造市场化、法治化、国际化一流营商环境，将更充分激发内生动力和创新活力。 放眼全国，上海浦东新区加快"人工智能+政务服务"改革，广东深圳2025年度惠民保拓宽了住院自费、 罕见病高价药及"港澳药械通"专项待遇保障范围，河北雄安新区推出居家适老化改造"焕新"补贴……改 革步伐越稳健，民生福祉就越多。让改革发展更有温度，让民生保障更可持续，必能为新征程改革发展 汇聚更强大的信心和动能。 逛店打卡、品牌折扣，连住优惠、多券叠 ...

Core Insights - The economic development of Tibet has achieved historic milestones over the past 60 years, with GDP increasing from 327 million yuan in 1965 to 276.5 billion yuan in 2024, emphasizing the need for high-quality development based on local realities [1] - The core of Tibet's economy lies in its real economy, which has been shaped by its unique geographical and environmental conditions, leading to the establishment of a nine-industry system that includes highland agriculture, clean energy, green industry, digital technology, cultural tourism, modern services, Tibetan medicine, border trade logistics, and general aviation [1] - The real economy serves as a stabilizer for improving livelihoods, a cornerstone for social stability, and a vital link for promoting prosperity in border areas, while also playing a crucial role in poverty alleviation and cultural heritage [2] Industry Development - The focus on enhancing the quality and efficiency of the real economy is essential for sustainable development, as it acts as a guardian of ecological security and a driver for common prosperity [2] - The shift from reliance on policy support to a sustainable market-driven model is underway, with technological innovation and industrial upgrades becoming the core engines for continuous economic health [3] - The development strategy includes fostering local endogenous power through the modernization of highland agriculture, industrialization of clean energy, and integration of culture and tourism, which collectively aim to upgrade the characteristic industrial system [3] Strategic Initiatives - The emphasis on local enterprise growth and the development of the private economy is crucial for stimulating operational vitality [3] - The integration of technology into traditional industries and the innovation of the digital economy are key to enhancing industrial competitiveness [3] - The construction of the South Asia transit hub and the deepening of the Belt and Road Initiative are expected to unlock the potential for openness and connectivity [3]

Core Insights - The economic development of Tibet has achieved historic milestones, with GDP increasing from 327 million in 1965 to 276.5 billion in 2024, emphasizing the need for high-quality development based on local realities [1] Group 1: Economic Structure - The core of Tibet's economy lies in the real economy, which has evolved under harsh natural conditions, forming a unique industrial system comprising nine key sectors: highland特色 agriculture, clean energy, green industry, high-tech digital, cultural tourism, modern services, Tibetan medicine, border trade logistics, and general aviation [1] - These sectors are not only vital for regional economic development but also serve as a foundation for social stability, ethnic unity, and ecological protection [1] Group 2: Role of the Real Economy - The real economy acts as a stabilizer for improving livelihoods, a cornerstone for social stability, and a crucial link for promoting prosperity in border areas [2] - It possesses "green genes," safeguarding ecological security, and is a driving force for common prosperity, supporting poverty alleviation and rural revitalization efforts [2] - The real economy also plays a significant role in the transmission and innovation of ethnic culture, injecting new life and economic value into traditional handicrafts like Thangka, Tibetan carpets, and incense through industrial development [2] Group 3: Internal Development Dynamics - Tibet's development is shifting from reliance on "policy blood transfusions" to a sustainable "market blood production" model, with technological innovation and industrial upgrading as core engines for continuous economic health [3] - The focus is on cultivating local endogenous power through the modernization of highland green agriculture, industrialization of clean energy, and enhancement of cultural tourism [3] - The strategy includes leveraging local enterprises and private sector growth, enhancing industry competitiveness through technology, and optimizing human resource structures via local talent development [3] - This approach aims to effectively connect the "resources-industry-market" chain, promoting high-quality economic development in Tibet [3]

Demand and Price Trends - Total demand remains stable with no significant slowdown observed, indicating a gradual narrowing of economic fluctuations[2] - Industrial enterprise profits in August increased by 20.4% year-on-year, a significant rebound of 21.9 percentage points from the previous month, marking three consecutive months of profit growth[4] - The Producer Price Index (PPI) year-on-year growth is expected to continue rising due to low base effects, supporting profit margins[4] Market Sentiment and Economic Outlook - The manufacturing PMI for September is at 49.8, a slight increase of 0.4 percentage points from the previous month, indicating a broad-based economic recovery[6] - The service sector PMI stands at 50.1, down 0.4 percentage points but still within the expansion zone, reflecting overall stability in the service industry[7] - The upcoming Fourth Plenary Session in October is anticipated to provide investment guidance for related industries, particularly regarding the "14th Five-Year Plan"[11] Bond Market Dynamics - The bond market is expected to face headwinds this year, influenced by stock market gains, tax adjustments, and potential inflationary pressures[14] - Long-term bond yields have recently risen, with the 30-year bond yield reaching its highest level this year, indicating ongoing adjustments in the bond market[13] - The overall sentiment suggests that the bond market is still in a phase of adjustment, with upward risks to yields outweighing downward possibilities[14] U.S. Economic Indicators - The U.S. PCE inflation rate for August is reported at 2.7%, with core PCE at 2.9%, indicating persistent inflationary pressures[16] - The U.S. manufacturing PMI for September is at 52.0, down 1 percentage point, while the services PMI is at 52.9, reflecting resilience in the U.S. economy despite slight declines[18] - Market expectations for U.S. interest rate cuts have slightly decreased, with projections indicating two rate cuts in 2025, occurring in October and December[19]

Group 1 - The event held in Foshan on September 27, 2025, facilitated face-to-face discussions between 24 promising startup projects seeking funding and 12 well-known investment institutions, resulting in a total intended investment amount of 185 million yuan [2][5][12] - The projects presented at the event spanned various sectors, including new materials, renewable energy, artificial intelligence, healthcare, equipment manufacturing, aerospace, military, and modern services, focusing on strategic emerging industries with innovative technologies [5][12] - The event utilized an efficient "5+5+1" format, allowing for quick project introductions, discussions, and expressions of investment interest, which led to significant capital attention for many startups [5][12] Group 2 - The "next-generation strategic emerging high-end membrane materials" project attracted interest from six investment institutions, with the highest intended investment amount reaching 90 million yuan, contributing to a total of 185 million yuan in intended investments [12] - The "multi-loop feedback puncture intervention surgery control system" project received interest from three investment institutions, with a maximum intended investment of 50 million yuan, totaling 85 million yuan [12] - The "precise fluid control technology for dual-use industrialization" project garnered a maximum intended investment of 40 million yuan, highlighting the effectiveness of the direct engagement format for startups [12]