12月2日，省人大常委会副主任魏国强在镇江宣讲党的二十届四中全会精神，围绕乡村全面振兴开 展调研，并走访全国人大代表魏巧。市人大常委会党组书记、主任李健陪同调研。 魏国强指出，学习好贯彻好党的二十届四中全会精神，是全省各级人大和人大代表的重要政治任 务。要学习领会、把握重点，始终坚持"三农"工作重中之重的定位，坚持产量产能、生产生态、增产增 收一起抓，坚持精准帮扶，切实推动农业农村现代化迈上新台阶；立足岗位、发挥作用，当好传统农业 向现代农业转型的探索者、当好农民增收致富的带动者、当好联合融合发展的实践者，切实推动中央决 策、省委部署落地见效；依法履职、推动发展，坚持人民至上，践行全过程人民民主，聚焦农民群众关 心关注的热点问题，强化立法保障、监督促进，为高水平农业强省建设贡献力量。 市人大常委会副主任黄万荣，镇江经开区有关负责同志参加调研和座谈交流。（记者 单杉 通讯员 赵敬敬） 魏国强一行实地调研了镇江经开区大路镇东岳村、江苏润果农业发展有限公司，并召开座谈会，就 学习贯彻党的二十届四中全会精神，与基层人大代表和市县人大负责同志面对面交流。 ...

Core Viewpoint - On December 4, the Shanghai Composite Index fell by 0.06%, with institutional investors appearing on the trading lists of 26 stocks, net buying 15 and net selling 11 [1] Institutional Trading Summary - Institutional special seats net bought the most in Heertai, which closed at the daily limit with a turnover rate of 14.52% and a transaction amount of 6.088 billion yuan. The net buying amounted to 329.87 million yuan, with three institutional seats among the top five buying departments [2] - Initial Spirit Information also closed at the daily limit with a turnover rate of 35.23% and a transaction amount of 1.647 billion yuan, net buying 82.62 million yuan from eight institutional seats [2] - Aerospace Power saw a slight decline of 0.19% with a turnover rate of 29.78% and a transaction amount of 4.918 billion yuan, net buying 58.52 million yuan from one institutional seat [3] Market Performance - The average increase of stocks with institutional net buying was 0.14%, outperforming the Shanghai Composite Index. Stocks like Initial Spirit Information and Haichang New Materials showed strong performance, closing at the daily limit [3] - Historical data indicates that stocks with institutional net buying have a 51.56% probability of rising the next day and a 49.83% chance of outperforming the Shanghai Composite Index [3] Earnings Forecasts - Among the stocks with institutional net buying, only one stock, Jingchuang Electric, provided a 2025 earnings forecast, expecting a net profit of 61.86 million yuan, representing a year-on-year increase of 5.00% [3] Institutional Net Selling Summary - Aerospace Development had the highest net selling amount among stocks, with a net selling of 363.73 million yuan, while also seeing a net inflow of 717 million yuan from the deep stock connect [4] - Other notable net sellers included Luoniushan and Tongqilou, with net selling amounts of 39.50 million yuan and 32.69 million yuan, respectively [4] Deep and Shanghai Stock Connect Activity - On December 4, 19 stocks on the trading list had appearances from deep and Shanghai stock connect, with net buying in stocks like Heertai and Aerospace Hanyu, amounting to 188.94 million yuan and 54.25 million yuan, respectively [7] - Stocks like Tongyu Communications and Aerospace Power saw significant net selling, with amounts of 1.46 billion yuan and 716.53 million yuan, respectively [7]

Core Viewpoint - The interview with former Ethiopian President Mulatu Teshome highlights how Chinese-style modernization injects new momentum into global governance, emphasizing development as a common language for South-South cooperation [3][5]. Group 1: China's Development Plans - Mulatu Teshome expresses particular interest in the "14th Five-Year Plan," viewing it as a systematic agenda focused on high-quality development through innovation, high technology, and artificial intelligence [6][8]. - He believes that the "14th Five-Year Plan" is historically significant and aims to lay a solid foundation for China's future, which will also profoundly impact the global economy [6][8]. Group 2: Agricultural Cooperation - Teshome emphasizes the importance of agriculture for many African countries and notes the challenges they face, such as insufficient modernization and outdated technology [8]. - He highlights China's role in enhancing agricultural productivity and resilience in Africa through technology sharing, infrastructure improvement, and support for production materials, aiming for sustainable development [8][11]. Group 3: Global Governance Initiatives - Teshome asserts that there are no fundamental challenges between China and global South countries, as both share solid common interests that drive global peace and development [11]. - He praises China's global governance initiatives, which promote dialogue and cooperation over conflict, providing new solutions to global issues and contributing to a more just and reasonable global governance system [11].

Group 1 - The "14th Five-Year Plan" outlines a blueprint for human-centered modernization in China, connecting past achievements with future goals towards self-reliance and common prosperity [1] - The plan emphasizes high-quality development, aiming to build a modern industrial system that serves the real economy and fosters new productive forces, with breakthroughs in core technologies such as high-performance chips and artificial intelligence [1] - The plan also focuses on strengthening the domestic market and promoting a new development pattern through sectors like the silver economy, low-altitude economy, and rural tourism, which will enhance agricultural modernization and urban-rural integration [1] Group 2 - China, as the largest country in terms of renewable energy capacity, is committed to a low-carbon development path and aims to export affordable green technologies to help combat climate change globally [2] - The recent meeting encourages a focus on self-reliance, green innovation, and shared prosperity, presenting a progressive path that benefits all [2]

Group 1 - The U.S. Senate voted 51 to 47 to terminate Trump's global tariff policy based on a "national emergency," with four Republican senators breaking ranks to support the Democrats [3] - The negative impact of the tariff war has led to a noticeable slowdown in U.S. economic growth in Q3, with rising prices further complicating the situation [3] - The Federal Reserve's recent decision to only lower rates by 25 basis points has contributed to market pessimism, resulting in declines in U.S. stock markets and international gold prices [3] Group 2 - The Senate's decision is largely symbolic, as the House of Representatives is expected to block the measure, with the Supreme Court set to debate the tariff issue soon [6] - Trump's administration has faced two legal defeats regarding the tariff policy, and the upcoming Supreme Court ruling could have significant implications for the legality of the tariffs [6][8] - If the Supreme Court rules against Trump, it could lead to compensation for tariffs collected, amounting to trillions of dollars, which the U.S. government is unlikely to pay [8] Group 3 - Amidst internal U.S. turmoil, China and Canada are preparing to respond to U.S. tariffs, with Canada feeling helpless in the face of Trump's refusal to engage [10][12] - Canada's willingness to engage with China and India for economic cooperation marks a significant shift, driven by the current geopolitical climate [12] - The warming of China-Canada relations is seen as a temporary measure, contingent on the stability of U.S.-China relations, which could impact future negotiations on key issues like canola and automotive industries [14] Group 4 - The renewed China-Canada relationship signals a coordinated effort against U.S. policies, potentially undermining Trump's tariff strategy [16] - This situation represents a significant psychological blow to Trump's "Make America Great Again" (MAGA) movement, raising questions about how the administration will manage the narrative moving forward [16]

Core Insights - New Zealand's government aims to enhance foreign direct investment (FDI) through the establishment of the New Zealand Investment Agency, addressing the country's historically low FDI levels compared to OECD averages [1] Group 1: Investment Agency and Strategy - The New Zealand Investment Agency will focus on attracting investments ranging from NZD 100 million to NZD 1 billion, as well as projects with potential over NZD 20 million [1] - The agency will act as a bridge for local investors, connecting domestic businesses with high-value investment opportunities, and ensuring the "Active Investor Plus" system promotes New Zealand's economy [1] - The agency will also provide recommendations for government policies and regulatory frameworks to position New Zealand as a globally competitive investment destination [1] Group 2: Strategic Growth Areas - Six strategic growth areas have been identified by the New Zealand Investment Agency: private infrastructure, renewable energy, data infrastructure, digitalization and artificial intelligence, agriculture, pharmaceuticals and space technology, advanced manufacturing and processing facilities [1] Group 3: Investment Briefs - Three investment briefs have been released to support regional industry economies: tourism, wood processing, and innovative food production, highlighting New Zealand's competitive advantages and growth narratives in these sectors [2] - The briefs aim to showcase New Zealand's openness to business and readiness to scale and seize new opportunities for international investors [2]

Core Viewpoint - The article highlights the successful development of Qiantang District in Hangzhou, Zhejiang, which balances high-quality economic growth with improvements in public services and living standards, showcasing innovative approaches to address both economic and social needs [2]. Group 1: Economic Development - Qiantang District has transformed into a "hexagonal warrior" of economic development by upgrading traditional industries, expanding the digital economy, and seizing opportunities in future industries over the past five years [2]. - The district was established as one of the youngest urban areas in Zhejiang following the administrative adjustments in 2021, and it operates under a "district-government integration" model [2]. Group 2: Public Service Improvement - Qiantang has made significant strides in enhancing public service quality, exemplified by the innovative "nap" program in schools, which has evolved from basic sleeping mats to advanced sleeping facilities, benefiting 57,000 students in 2023 [5][6]. - The district allocated over 5.7 million yuan in 2023 to support the purchase of nap equipment, reflecting a commitment to improving educational services [6]. Group 3: Social Welfare and Living Standards - The establishment of 35 senior dining halls and 30 meal assistance points has served 445,000 elderly individuals, demonstrating Qiantang's focus on basic social welfare [4]. - Qiantang has built a comprehensive network of elderly care facilities, including 94 home care service centers and 324 family care beds, ensuring full coverage of community-based elderly care [4]. Group 4: Employment and Housing - The district has fostered rural development through initiatives like the "farmer entrepreneur" program, which has created over 500 jobs and supported more than 20 live-streaming teams [8][9]. - Since 2021, Qiantang has constructed 29 public rental housing projects, totaling 22,274 units, and 48 affordable rental housing projects, totaling 51,082 units, addressing the housing needs of industrial workers [9].

gtaxinstitute@essence.com.cn (原油) EIA周度数据显示美国原油累库，汽油库存超预期大幅累库。委内瑞拉11月石油出口升至92.1万桶/ 日。普京表示俄罗斯无法接受欧洲试图对美国所提俄乌"和平计划"作出的修改。多艘俄罗斯货轮 在土耳其海岸附近的黑海海域遇袭。短期消息面多空交织，油价波动加剧。中长期基本面供需宽松 扩大,油价中枢存下行压力。 【责金属】 隔夜美国11月ADP就业减少3.2万人不及预期,就业走弱继续得到验证。12月降息概率接近90%已基 本定价，贵金属震荡为主，黄金突破前高阻力前贵金属整体不宜追高。今晚关注美国周度初请失业 金人数。 【铜】 隔夜铜市增仓创高,LME注销仓单占比从低位快速升至35%,虽在中性水平,但引发市场对伦铜潜在 出库预期。LME0-3月现货升水88美元,市场关注物流流向,包括美国铜市仍具备吸引力以及国内延 续出口方向。海外投行上调铜及均价预期;艾芬豪稳定刚果KK矿年产量目标,嘉能可延续近年产出 压力。国内现铜高价跟涨,且沪粤维持升水,等待今日社库。多单持有,关注接近记录水平的量价 表现。 【铝】 隔夜铜价刷新历史新高，铝价跟随强震荡。铝市基本面矛盾 ...

Core Viewpoint - The People's Bank of China and the Ministry of Agriculture and Rural Affairs have initiated a "Financial Chain Leader System" to enhance financial services for rural revitalization, focusing on key agricultural industry chains in Sichuan province [1] Group 1: Financial Chain Leader System Implementation - The Sichuan branch of the People's Bank of China has fully implemented the "Financial Chain Leader System" across 51 cities and counties, establishing service mechanisms for 64 agricultural industry chains, resulting in a loan balance growth of 28.18% year-on-year [1] - This initiative supports the development of key agricultural sectors such as grain, livestock, and tea, aiding 678 leading agricultural enterprises and benefiting over 1.34 million farming households [1] Group 2: Collaborative Mechanisms - A specialized task force led by the People's Bank of China, involving agricultural, financial, and fiscal departments, has been established to facilitate the integration of agricultural industry development with financial services [2] - The implementation plan for the "Financial Chain Leader System" includes a "one chain, one leader" mechanism, designating 64 banks to act as financial chain leaders for local agricultural industries [2] Group 3: Innovative Financial Products - The Sichuan branch has introduced standardized regulations for rural property rights transactions to eliminate bottlenecks in resource confirmation, assessment, and circulation [2] - New financial products such as "Assistance for Agricultural Revitalization Loans" and models like "Re-loan + Specialty Industry" have been promoted, with a total re-loan balance of 1409.46 billion yuan, reflecting a year-on-year increase of 14.35% [2] Group 4: Targeted Financial Solutions - A project list for key agricultural industries has been created, with dedicated financial chain leaders and a consortium of banks, guarantees, and insurance institutions to provide tailored financial services [3] - Financial institutions are encouraged to develop specialized financial product packages and implement interactive financing models to support the integration of primary, secondary, and tertiary industries [3]

gtaxinstitute@essence.com.cn (原油) EIA周度数据显示美国原油累库，汽油库存超预期大幅累库。委内瑞拉11月石油出口升至92.1万桶/ 日。普京表示俄罗斯无法接受欧洲试图对美国所提俄乌"和平计划"作出的修改。多艘俄罗斯货轮 在土耳其海岸附近的黑海海域遇袭。短期消息面多空交织，油价波动加剧。中长期基本面供需宽松 扩大,油价中枢存下行压力。 【责金属】 隔夜美国11月ADP就业减少3.2万人不及预期,就业走弱继续得到验证。12月降息概率接近90%已基 本定价，贵金属震荡为主，黄金突破前高阻力前贵金属整体不宜追高。今晚关注美国周度初请失业 金人数。 【铜】 隔夜铜市增仓创高,LME注销仓单占比从低位快速升至35%,虽在中性水平,但引发市场对伦铜潜在 出库预期。LME0-3月现货升水88美元,市场关注物流流向,包括美国铜市仍具备吸引力以及国内延 续出口方向。海外投行上调铜及均价预期;艾芬豪稳定刚果KK矿年产量目标,嘉能可延续近年产出 压力。国内现铜高价跟涨,且沪粤维持升水,等待今日社库。多单持有,关注接近记录水平的量价 表现。 【铝】 隔夜铜价刷新历史新高，铝价跟随强震荡。铝市基本面矛盾 ...