Core Viewpoint - The Ministry of Finance has issued a notice to optimize the implementation of the financial subsidy policy for equipment renewal loans, expanding the supported sectors significantly [1] Group 1: Expanded Support Areas - The policy now includes additional sectors such as construction and municipal services, energy equipment, aviation materials, electronic information, safety production, facility agriculture, fishing vessels, cold chain facilities, grain and oil processing, waste recycling, small hydropower, commercial facilities, artificial intelligence, and elderly care [1] - The focus is on enhancing support for high-end, intelligent, green, and digital equipment renewal [1]

经济观察网据央视新闻客户端消息，财政部、国家发展改革委、中国人民银行、金融监管总局印发《关 于优化实施设备更新贷款财政贴息政策的通知》(下文简称《通知》)，支持经营主体开展设备更新和技 术改造，降低经营主体融资成本，推动形成有效投资。 扩展支持领域。在支持工业、能源电力、交通运输、物流、文旅、老旧农机具等领域设备更新基础上， 增加建筑和市政、用能设备、航空器材、电子信息、安全生产、设施农业、渔船、冷链设施、粮油加 工、废弃物循环利用、小水电、消费商业设施、人工智能、养老等领域，加大对高端化、智能化、绿色 化、数字化设备更新支持。 《通知》指出，扩大支持范围。经营主体实施设备更新行动且银行向其发放贷款的，中央财政对经营主 体的设备更新项目相关固定资产贷款本金贴息1.5个百分点，按照相关固定资产贷款发放之日起予以贴 息，贴息期限不超过2年。将科技创新和技术改造再贷款政策支持的、银行2026年起新发放的科技创新 类贷款纳入中央财政贴息支持范围。政策实施至2026年12月31日，后续可视情延长实施期限。 ...

Core Insights - The 2025 China Urban Business Environment Top 100 List was officially released, evaluating cities based on "marketization, rule of law, digitalization, and ecological sustainability" [2] - The evaluation integrates data from various sources, including the All-China Federation of Industry and Commerce and the Comprehensive Credit Index of Cities, providing a scientific assessment model for urban business environments [2] - The list reflects a shift towards a business environment centered on enterprise experience, marking a new phase in high-quality development for China's business landscape [4] Evaluation Criteria - The evaluation criteria include a 30% weight on government services, focusing on approval efficiency, digital service capabilities, and policy implementation effectiveness [2] - Market environment accounts for 25%, emphasizing resource assurance, fair competition, and market vitality [2] - Legal environment, innovation vitality, and infrastructure are weighted at 20%, 15%, and 10% respectively, ensuring comprehensive coverage of enterprise development needs [2] Key Findings - The list showcases a clear pattern of "core leadership, regional collaboration, and distinctive breakthroughs" in urban business environment construction across China [4] - Major economic regions such as the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei continue to lead, demonstrating the clustering effect and exemplary role of developed areas [4] - Central and western core cities are making steady progress, showcasing strong resilience and becoming high grounds for business environments in the west [4] Top Cities - The top five cities in the list are Shanghai, Beijing, Shenzhen, Hangzhou, and Guangzhou, each with distinct advantages in international finance, technology innovation, digital economy, and manufacturing [5][10] - Shanghai is recognized as a global economic, financial, and trade hub, while Beijing is noted for its concentration of research institutions and multinational company headquarters [10] - Shenzhen leads in technology and industrial innovation, and Hangzhou is highlighted as the first city in the digital economy [10] Implications for Future Development - The release of the list serves as a comprehensive review of urban business environment achievements and provides benchmarks for improvement [4] - Cities on the list are encouraged to identify gaps and leverage their strengths to enhance their business environments, aiming to attract resources and invigorate market vitality [4] - As reforms deepen, competition among cities will increasingly focus on governance efficiency and service quality [4]

Group 1 - On January 19, Jiachi Technology's stock rose by 4.02%, with a trading volume of 242 million yuan [1] - The financing data shows that on the same day, Jiachi Technology had a financing purchase amount of 17.4481 million yuan and a net financing purchase of 5.4437 million yuan, with a total financing and margin balance of 223 million yuan [1] - The current financing balance of Jiachi Technology is 223 million yuan, accounting for 2.29% of the circulating market value, which is above the 90th percentile level over the past year [1] Group 2 - Jiachi Technology, established on July 18, 2008, is located in Chengdu, Sichuan Province, and focuses on products related to the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies [2] - The company's main business revenue composition includes 71.46% from electromagnetic functional structural components, 25.71% from electromagnetic functional coating materials, and 2.58% from electromagnetic compatibility materials [2] - As of September 30, 2025, Jiachi Technology achieved an operating income of 619 million yuan, a year-on-year increase of 5.21%, while the net profit attributable to the parent company was 249 million yuan, a year-on-year decrease of 22.39% [2] Group 3 - Since its A-share listing, Jiachi Technology has distributed a total of 160 million yuan in dividends [3] - As of September 30, 2025, the top ten circulating shareholders include several new entrants, with the largest being Southern Military Reform Flexible Allocation Mixed A, holding 2.1658 million shares [3] - Notable new shareholders also include China Europe High-end Equipment Stock Initiation A and Industrial Bank Xingrui Two-Year Holding Period Mixed A, among others [3]

Group 1: Core Insights - Guangzhou has become the third city in China to achieve a "double trillion" status in consumption and foreign trade during the 14th Five-Year Plan period, following Beijing and Shanghai [1][2] - By 2025, Guangzhou's airport is expected to handle over 83 million passengers, ranking among the top ten globally, while its port is projected to handle nearly 700 million tons of cargo, placing it in the top six worldwide [1] - The city aims to establish six advanced manufacturing clusters with outputs exceeding 100 billion yuan and ten service sectors with added value surpassing 100 billion yuan during the same period [1] Group 2: Economic Indicators - As of 2024, only seven cities in China have reached a consumption level of over one trillion yuan, including Guangzhou, which highlights the significance of its economic status [2] - The report indicates that Guangzhou's foreign trade volume also exceeds one trillion yuan, making it one of only seven cities to achieve this milestone [2] Group 3: Strategic Development - Guangzhou's government has outlined plans to enhance its role as a global supply chain innovation center, aiming to strengthen its core urban functions [3][4] - The city is leveraging its geographical advantages, including proximity to the Pearl River Delta manufacturing hub and its status as a major transportation and trade center, to transition from a trade hub to a supply chain management center [4] Group 4: Future Goals - The city has set ambitious goals for the 15th Five-Year Plan, focusing on increasing its visibility and resource allocation capabilities within the global resource network [3] - The government has previously articulated a vision to develop Guangzhou into a world-class city with both historical charm and modern vitality, as outlined in its urban planning documents [3]

Core Viewpoint - The Ba Zhong Municipal Economic Work Conference emphasizes the necessity of maintaining a relatively fast economic growth rate despite the small economic scale, setting ambitious targets for 2026, including a focus on expanding domestic demand and enhancing the industrial foundation [1][2]. Group 1: Domestic Demand Expansion - Ba Zhong prioritizes expanding domestic demand as a key task for the year, focusing on boosting consumption and effective investment as core strategies [2]. - In the first three quarters of 2025, Ba Zhong achieved a total retail sales of consumer goods amounting to 40.362 billion yuan, reflecting a year-on-year growth of 6.7% [2]. - The city plans to implement special actions to stimulate consumption, innovate consumption formats, and enhance the consumption environment, including a series of promotional activities [2]. Group 2: Strengthening the Real Economy - Ba Zhong aims to solidify its industrial foundation by focusing on key industries such as energy and chemicals, advanced materials, electronic information, food and beverage, and healthcare [3][4]. - The city is leveraging its natural gas reserves of 1.4 trillion cubic meters and shale oil resources of approximately 2.5 billion tons to develop the energy and chemical industry [3]. - A sodium-ion battery industry park is being established, with over 1,500 acres allocated for development, aiming to attract leading companies in the sector [4]. Group 3: Urban-Rural Integration and Social Welfare - The city is committed to enhancing urban-rural integration and improving the well-being of its residents, with a focus on modernizing agriculture and rural areas [5][6]. - Plans include the development of a modern urban area in the Mengzi River section, featuring parks and recreational facilities [6]. - Initiatives to boost employment, improve education and healthcare, and enhance cultural services are being prioritized to elevate the quality of life for residents [7].

Core Viewpoint - The "15th Five-Year Plan" for Shanghai emphasizes enhancing the city's role as a global economic and financial center, focusing on high-quality development and the construction of a modern industrial system [2][4][6]. Group 1: Five Centers Development - The plan outlines the construction of "five centers" as a key strategy for Shanghai's modernization, which includes enhancing its international economic, financial, trade, shipping, and technological innovation centers [6][7]. - Specific initiatives include building a world-class high-end industrial cluster, establishing a global RMB asset allocation center, and enhancing the city's trade hub functions [6][9]. Group 2: Economic and Social Development Goals - The main goals for the "15th Five-Year" period include achieving significant high-quality development, elevating urban core functions, and enhancing social civilization levels [4][5]. - By 2035, Shanghai aims to double its per capita GDP compared to 2020 and fully upgrade the functions of the "five centers" to reach international leading levels [4][5]. Group 3: Modern Industrial System - The plan emphasizes the importance of maintaining a reasonable proportion of manufacturing within Shanghai's economy, identifying it as a foundation for the city's international economic status [8]. - It outlines a modern industrial system framework categorized into traditional, leading, emerging pillar, and future industries, aiming for a robust manufacturing backbone [8][10]. Group 4: High-End Service Industry - The development of high-end service industries is highlighted as crucial for enhancing Shanghai's international influence, with specific measures to strengthen the global supply chain and trade hub functions [9]. - The plan also includes fostering world-class enterprises as a dedicated task, providing guidance for the growth of large, medium, and small enterprises [9].

转自：成都日报锦观 签约重磅项目 发布机会清单 活动现场，成都与长三角迎来一系列合作落地。武侯区、郫都区、金堂县的3个产业园区分别与长三角 地区创新平台、研究院及行业协会签署合作协议，共建产业协同与人才共育平台；6个来自长三角地区 的重点产业项目集中签约，涵盖低空经济、人工智能、生物医药、先进能源等领域。 其中，中科长三角人工智能创新中心将与武侯区共建创新协同平台，支持跨区域联合研发与成果转化， 推动人才、技术、数据等要素有序流动。该中心主任赵安虎表示，成都与长三角在产业基础、创新资源 上的互补性极强，深化两地产业协同是顺应区域发展大势、实现1+1>2的关键举措。 此外，成都人才发展集团、成都人才发展促进会、成都市技术经理人协会与4家长三角专业人才服务机 构签订人才协同发展协议，构建起跨区域人才资源与技术资源双向流动的共享网络。 上午10点，现场已是人头攒动。来自长三角的求职者携带简历和满满的期许奔赴现场，其中不少人显然 提前做了功课，很快就精准锁定目标。 从事生物医药领域的周元直奔展位，一连投递了好几家企业。她说，"成都在生物医药领域发展势头强 劲，我的专业在成都定有用武之地。" 科技感与文化味的交融，成为 ...

Core Insights - Guangdong's high-tech product exports are projected to reach 1.14 trillion yuan by 2025, marking a 15% year-on-year increase and surpassing the trillion yuan milestone for the first time [1] - Key high-tech products driving this growth include lithium batteries, measuring instruments, medical devices, machine tools, 3D printers, and automotive parts, which account for approximately 30% of the national export share in these categories [1] - The province's bonded logistics imports and exports are expected to reach 1.93 trillion yuan in 2025, reflecting a 9.1% year-on-year growth, which is 4.7 percentage points higher than the overall foreign trade growth rate [1] Group 1 - The construction of comprehensive bonded zones in Guangdong has made significant progress, with imports and exports projected at 945.57 billion yuan in 2025, a 9.5% increase year-on-year, exceeding the provincial foreign trade growth rate by 5.1 percentage points [2] - The Guangdong Free Trade Zone is expected to see imports and exports of 815.25 billion yuan in 2025, representing a 13.3% year-on-year growth, which is 8.9 percentage points higher than the overall foreign trade growth rate [2] - The Hengqin area of the Guangdong Free Trade Zone is accelerating the integration of the Guangdong-Macao industry, focusing on "four new" industries, with a year-on-year growth of 150% in imports and exports [2] Group 2 - Guangdong's foreign trade imports have maintained a year-on-year growth for 13 consecutive months, with a projected growth of 7.9% in 2025, ranking first among major foreign trade provinces in the country [2] - The large-scale market potential continues to be released, providing a source of vitality for the high-quality development of Guangdong's foreign trade and offering global opportunities to share the Guangdong market [2] - Despite the complex and severe external environment with increasing uncertainties, the fundamental strengths, advantages, and potential of Guangdong's foreign trade remain unchanged [2]

"去年以来，富士康持续加大在河南的投资力度，新春开局，鸿创成立、产线扩建，龙头企业富士康的 两大动作，有力增强了实体经济发展的信心。"郑州航空港区招商工作部副部长何亮说，两个项目犹如 强劲引擎，将为河南省电子信息产业发展注入澎湃动力，进一步巩固和提升河南作为全球智能终端制造 重要基地的地位。 据了解，河南鸿创科技有限公司由富士康集团旗下子公司——鸿富锦精密电子（郑州）有限公司与郑州 航空港区管委会下属公司——郑州航空港创投集团有限公司共同出资组建，注册资金20亿元，项目将为 郑州航空港电子信息产业发展带来重磅"增量"。作为富士康郑州首家国企合资公司，鸿创科技背负区域 产业升级厚望，将专注于高端电子产品的精密生产与制造，预计今年第二季度正式投产。 来源：环球网 近日，从郑州航空港经济综合实验区获悉，富士康郑州首家国企合资公司——河南鸿创科技有限公司日 前已在郑州航空港区注册成立。与此同时，富士康郑州综保园区一侧，富士康产线扩产项目也正在紧锣 密鼓加紧施工。 "扩产项目是产业存量的稳定发展和再提升，为区域经济提供坚实的基本盘；而鸿创公司增量项目的推 进，将为区域发展注入新活力。二者相辅相成，共同构成郑州航空港电子 ...