12月22日，省委金融办发布2025年湖南省上市后备企业资源库入库企业名单公示，全省共有891家企业 拟入库，成为"上市后备队"。其中，湘西州有23家企业入选，分别为：花垣县9家，泸溪县4家，龙山县 3家，保靖县2家，凤凰县2家，吉首市、古丈县、永顺县各1家。花垣县入选企业数量居全州首位，并创 我县历史新高。 湖南兆科动力新能源有限公司负极制片区 湖南奥邦新能源科技有限公司工人们忙碌有序开展生产 花垣县此次拟入库企业涵盖建材、新能源、新材料、农林牧渔、综合类和建筑业等多个领域。具体包 括：花垣县边城鑫鑫人力资源有限公司（建材业）、湖南奥邦新能源科技有限公司（综合类）、湖南兆 科动力新能源有限公司与湖南合心农业科技股份有限公司（新能源行业）、湖南新时创实业有限公司与 湖南德农牧业集团有限公司（农林牧渔业）、湖南华垣环能科技有限公司与湖南三立集团股份有限公司 （新材料行业），以及花垣县十八洞国有建筑工程有限公司（建筑业）。 湖南华垣环能科技有限公司高性能环保建筑板材成品 花垣产业开发区 此外，湖南兆科动力新能源有限公司、湖南华垣环能科技有限公司、湖南奥邦新能源科技有限公司、湖 南合心农业科技股份有限公司已在湖南股 ...

Core Insights - The Inclusive Finance Prosperity Index reached 49.36 points in November 2025, a slight decrease of 0.03 points from October, but up 0.51 points year-on-year [1] Financing Dimension - The financing prosperity index rose to 54.83 points in November, an increase of 0.14 points from October [2] - The average interest rate for newly issued loans (in both domestic and foreign currencies) was approximately 3.1%, down about 30 basis points year-on-year [2] - The balance of inclusive micro and small loans and medium to long-term loans in the manufacturing sector grew by 11.4% and 7.7% year-on-year, respectively, both exceeding the growth rate of other loans [2] Operating Dimension - The operating prosperity index slightly decreased to 48.28 points in November, down 0.07 points from October, with the decline rate narrowing compared to the previous month [3] - The performance and investment indices showed slight month-on-month increases, driven by the "Double Eleven" shopping festival, which stimulated consumer demand [3] - The business vitality index decreased by 0.13 points, indicating that market confidence among enterprises still needs to be strengthened [3] Industry Prosperity - Among nine major industries, four showed an increase in operating prosperity while five experienced a decline [6] - The construction and real estate sectors saw slight increases in their operating indices due to accelerated project construction and policy support [6] - The agriculture, industry, transportation, accommodation, and social services sectors experienced declines in their operating indices [6] Regional Prosperity - Among seven regions, four experienced an increase in operating prosperity while three saw a decline [7] - The Northeast, North China, East China, and Northwest regions reported increases in their indices, while South China, Central China, and Southwest regions saw declines [7]

深化住房公积金制度改革 12月22日至23日，全国住房城乡建设工作会议在北京召开。 会议强调，明年工作的总体思路是：坚持稳中求进工作总基调，坚持想明白干实在，坚持专业敬业，坚 持因地制宜、分类指导，更好统筹投资于物和投资于人，更好统筹惠民生和稳增长，更好统筹防风险和 促转型，大力实施城市更新，着力提升城市治理水平，推动房地产高质量发展，加快建筑业提质升级， 系统推进好房子、好小区、好社区、好城区"四好"建设，建设创新、宜居、美丽、韧性、文明、智慧的 现代化人民城市，开创住房城乡建设事业高质量发展新局面，为实现"十五五"良好开局作出贡献。 要点概览： 编制实施"十五五"城市更新专项规划 进一步发挥房地产项目"白名单"制度作用，支持房地产企业合理融资需求 适时调整优化房地产政策 会议提出，着力稳定房地产市场，重点是：因城施策控增量、去库存、优供给，结合城市更新、城中村 改造盘活利用存量用地，推动收购存量商品房用作保障性住房、安置房、宿舍、人才房等。优化和精准 实施保障性住房供应，实施房屋品质提升工程，有序推进"好房子"建设；进一步发挥房地产项目"白名 单"制度作用，支持房地产企业合理融资需求。城市政府要用足用好房 ...

人民财讯12月23日电，据中国建设报，12月22日至23日，全国住房城乡建设工作会议在北京召开。加快 建筑业提质升级，重点是：推动产业转型升级，大力发展智能建造、绿色建造，培育现代化建筑产业 链，加快新型建材研发应用，加快培育绿色建筑新增长点；规范建筑市场秩序，深入开展房屋和市政领 域工程招标投标突出问题专项整治；强化现场监督管理，扎实推动安全生产治本攻坚三年行动，建立房 屋全生命周期安全管理制度。 ...

Core Insights - The "Inclusive Finance - Micro and Small Enterprises Index" indicates a significant decrease in financing costs for micro and small enterprises by Q3 2025, with a continuous increase in funding supply and improved accessibility and quality of financial services [1][3] - The balance of inclusive micro and small loans reached 36.09 trillion yuan, reflecting a year-on-year growth of 12.2% as of the end of September 2025 [1] - Over 70% of micro and small enterprises reported that their financing needs were met, indicating a high level of satisfaction with financing availability [1] Financing Cost and Efficiency - The financing price index decreased to 65.32 points, a decline of 4.92% from the previous period, indicating a stable reduction in comprehensive financing costs for micro and small enterprises [2] - The weighted average interest rate for newly issued loans in September was approximately 3.1%, down about 40 basis points year-on-year [2] - The financing efficiency index rose to 215.09 points, with nearly 60% of micro and small enterprises able to receive loans in a timely manner, reflecting improved financing efficiency [2] Financial Service Quality - The inclusive finance service system and capabilities are continuously improving, with a focus on enhancing coverage and accessibility while reducing overall costs [3] - The service availability index reached 203.47 points, increasing by 3.02%, and the quality index rose to 111.76 points, up by 0.31% [6] - The inclusive finance development index remained stable at 52.48 points, with the micro and small business environment showing steady improvement [7] Sector-Specific Insights - The financing price index for five major sample industries (wholesale and retail, manufacturing, leasing and business services, construction, and scientific research and technical services) showed a decline, indicating the effectiveness of the accommodative monetary policy [7] - The service availability and quality indices for these industries also increased, with construction, manufacturing, and scientific research sectors experiencing over 2% growth in availability [7] Index Overview - The Inclusive Finance - Micro and Small Enterprises Index, launched by the China Economic Information Service and China Construction Bank, serves as a "barometer" and "guideline" for inclusive financial services to micro and small enterprises [8]

证券研究报告 固收视角 生产端有所收敛 华泰研究 2025 年 12 月 22 日│中国内地 | 张继强 | | --- | 吴宇航* 研究员 SAC No. S0570518110002 SFC No. AMB145 zhangjiqiang@htsc.com +(86) 10 6321 1166 研究员 SAC No. S0570521090004 wuyuhang@htsc.com +(86) 10 6321 1166 吴靖*，PhD 研究员 SAC No. S0570523070006 wujing018437@htsc.com 李梓豪* 联系人 SAC No. S0570124060040 lizihao@htsc.com +(86) 21 2897 2228 高频数据核心观点 12 月第三周，地产方面，地产成交热度小幅修复，但新房与二手房整体偏弱，叠加高基数影响，同比读数弱于前期， 房价有待改善，土地成交指标低位运行。生产端来看，工业方面，货运量韧性回落，生产开工率多数偏弱，地炼开工 率修复，焦化、高炉、汽车边际偏弱，基数对读数有扰动。建筑业方面，水泥与黑色供需偏弱运行，库存小幅去化， 沥青开工率 ...

Group 1 - The Inclusive Finance Prosperity Index reached 49.36 points in November 2025, a slight decrease of 0.03 points from October, but 0.51 points higher than the same period last year [1] - The financing sector shows a stable decline in costs, with the average interest rate for newly issued loans around 3.1%, approximately 30 basis points lower than the same period last year [1] - The operational sector's prosperity index was 48.28 points in November, down 0.07 points from October, indicating a slight easing of downward pressure on small and micro enterprises [1] Group 2 - In November, the operational prosperity index for nine major industries showed a trend of 4 rising and 5 declining, with a notable boost in retail demand driven by seasonal consumption [2] - The construction and real estate sectors experienced a slight increase in their prosperity indices due to accelerated project construction and policy support [2] - The Inclusive Finance Prosperity Index is jointly launched by several financial institutions and is operated by the Xinhua Index Research Institute [2]

Core Insights - The article highlights the successful employment initiatives in Jishishan County, where 16,000 individuals from resettlement points have secured jobs through various methods, ensuring their stability and potential for wealth creation [1][2]. Employment Initiatives - Jishishan County has established a comprehensive employment service system, referred to as "1+16," which includes one labor market and 16 labor stations, facilitating job placements for the resettled population [1]. - A total of 46 recruitment events have been conducted, offering 8,754 job positions and achieving flexible employment for 8,247 individuals [1]. Training and Skill Development - Targeted training programs have been implemented for resettled individuals, covering practical skills such as Chinese pastry making, domestic services, and agricultural work, with 15 training sessions completed and 630 participants trained [2]. - Post-training, 289 individuals found employment, resulting in an employment rate of 46% [2]. Labor Transfer and Employment Support - The county has successfully transferred 9,981 surplus laborers to various industries, including mining, manufacturing, construction, services, and building materials, contributing to stable income growth [2]. - Local employment factories have absorbed 759 individuals, with an average monthly income increase of 2,200 yuan [2]. Public Welfare Positions - Jishishan County has developed 781 public welfare positions aimed at providing stable employment for vulnerable groups, prioritizing those unable to work outside or lacking fixed income [2].

●将聚焦规模以上工业企业、规模以上服务业企业、高等级资质建筑业企业、国有企业、高校、 科研院所、医疗卫生机构等七类主体精准发力，加大研发投入 ●到2027年，全社会研发投入强度达到2.5%。到2030年，全社会研发投入强度达到2.8% ●对单个企业的研发投入增量分级分档给予最高不超过300万元奖补；对新建或新引进且年研发投 入额2000万元及以上的研发总部，按不超过当年研发投入额的5%给予最高500万元省级科技计划 项目支持 规模以上工业企业方面，将重点支持企业建立内部研发机构，牵头或参与建设国省级重大创新平 台，建设检验检测中心、中试研发平台等公共服务平台，带动行业上下游和产学研融通创新。同 时，加快工业企业智能化改造数字化转型，推动符合条件的工业企业申请认定为国家高新技术企 业。 高校方面，对"双一流"建设高校，将提升科研水平，全面加强基础研究、应用基础研究和试验发 展；对省属高校，将建立基本科研业务费制度，鼓励高校结合学校实际统筹生均拨款、办学收入 等资金设立基本科研业务费；对地方本科院校和职业院校，将支持统筹推进高层次人才引进、科 研平台建设，提升争取外部科研项目和经费的能力。 科研院所方面，将完善中 ...

近日，四川省政府办公厅印发《促进全社会加大研发投入工作方案》(以下简称《工作方案》)，明确了 未来促进全社会加大研发投入的总体目标、工作重点、政策举措和推进机制。 《工作方案》还提出财政资金奖补情形，建立研发投入工作统筹机制、重点单位联系服务机制、研发投 入统计监测制度、研发投入评价制度等，确保各项工作扎实推进。 为实现这一目标，《工作方案》将聚焦四川规模以上工业企业、规模以上服务业企业、高等级资质建筑 业企业、国有企业、高校、科研院所、医疗卫生机构等七类主体精准发力，加大研发投入。 《工作方案》提出，到2027年"政产学研用金"协同发力的多元化科技投入格局基本形成，全社会研发投 入强度达到2.5%。到2030年，科技创新投入规模稳步提高、结构不断优化，企业研发经费支出占比持 续提升，全社会研发投入强度达到2.8%。 ...