Core Viewpoint - The newly released "Encouragement Directory for Foreign Investment Industries (2025 Edition)" aims to attract foreign investment into advanced manufacturing and modern service industries, while also promoting investment in central and western regions, northeastern regions, and Hainan Province [1][2]. Group 1: Encouragement of Foreign Investment - The 2025 edition of the directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [2]. - The national directory for encouraging foreign investment now contains 619 entries, an increase of 100 entries and 131 modifications [2]. - The directory emphasizes the importance of service consumption, including new categories such as pet hospitals, beauty services, and camping services [1][4]. Group 2: Focus on Advanced Manufacturing - The directory continues to encourage foreign investment in advanced manufacturing, adding new categories such as the development and production of nucleic acid drugs, smart detection equipment, and underwater robots [3][4]. - The focus on advanced manufacturing reflects China's commitment to building a modern industrial system [6]. Group 3: Modern Service Industry Development - The directory highlights the development of modern service industries, including new entries for high-end shipping services, virtual power plant operations, and various consumer services [4]. - The inclusion of diverse service consumption categories aims to meet the growing demand for high-quality living services [1][4]. Group 4: Regional Investment Encouragement - The directory encourages foreign investment in central and western regions, northeastern regions, and Hainan Province, taking into account local resource endowments and industry development [5][6]. - Specific new entries for regional investment include cruise tourism in Liaoning, ice and snow equipment in Heilongjiang, and marine environmental governance in Hainan [5]. Group 5: Policy Incentives for Foreign Investment - Foreign investment in encouraged sectors can benefit from four main policy incentives, including tax exemptions on imported equipment and reduced corporate income tax rates in western regions [8][9]. - The directory aims to balance investment across different regions, promoting economic development and employment in less developed areas [6][10]. Group 6: Optimizing Investment Structure - In November, China's actual foreign investment increased by 26.1% year-on-year, with 61,207 new foreign-invested enterprises established, marking a 16.9% growth [9]. - The structure of foreign investment is shifting towards high-tech industries, with multinational companies increasingly investing in advanced manufacturing and healthcare sectors [9].

Core Viewpoint - The new version of the "Encouragement Directory for Foreign Investment" has been released, increasing the total entries to 1,679, with a net addition of 205 entries compared to the 2022 version, reflecting China's commitment to enhancing foreign investment quality and regional layout [2][6]. Group 1: Changes in the Directory - The revised directory optimizes directional guidance for foreign investment, encouraging investments in advanced manufacturing, modern services, and specific regions such as the Midwest, Northeast, and Hainan [3][8]. - New or expanded entries include areas related to terminal products, components, raw materials, business services, technical services, scientific research, and service consumption, aimed at promoting high-quality development in these sectors [3][8]. Group 2: Impact on Foreign Investment Confidence - The updated directory has enhanced the confidence of foreign enterprises in investing in China, with many expressing optimism about the investment landscape [9][11]. - Companies like Dassault Systemes have noted that the government's encouragement of foreign investment in advanced manufacturing and modern services aligns with their business direction, reinforcing their confidence in development [13]. Group 3: Energy Sector Developments - Significant progress has been made in China's energy sector, including the discovery of a billion-ton oil field in the Bohai Sea, which is crucial for national energy security [16]. - The government has introduced policies to support the large-scale development of solar thermal power, aiming for a total installed capacity of approximately 15 million kilowatts by 2030, with costs comparable to coal power [19].

Group 1: Core Insights - The National Development and Reform Commission and the Ministry of Commerce released the "Encouragement Directory for Foreign Investment Industries (2025 Edition)" which will take effect on February 1, 2026, featuring a total of 1,679 entries, an increase of 205 entries compared to the 2022 version [1] - The new directory aims to optimize the directional guidance for foreign investment, encouraging investments in advanced manufacturing and modern services, thereby enhancing the development level of industrial and supply chains [1][4] - The directory also emphasizes attracting foreign investment to the central and western regions, Northeast China, and Hainan Province, reflecting a proactive attitude towards expanding international cooperation [3][4] Group 2: Industry Implications - The revision of the directory is expected to attract global innovative elements by incorporating new technologies, business models, and new formats, which will help meet the evolving demands in sectors such as healthcare and elder care, thereby improving the quality of life and expanding domestic demand [6] - Foreign enterprises have expressed increased confidence in investing in China due to the new directory, indicating a positive outlook for future investments [8] - The encouragement of foreign investment in advanced manufacturing and modern services aligns with the business directions of many foreign companies, reinforcing their confidence in development [10] Group 3: Energy Sector Developments - Significant progress has been made in China's energy sector, with the discovery of the Qinhuangdao 29-6 oil field, which is a billion-ton oil field with a single well testing a daily output of approximately 370 tons [10] - The National Development and Reform Commission and the National Energy Administration have introduced policies to systematically support the large-scale development of solar thermal power, aiming for a total installed capacity of around 15 million kilowatts by 2030 [12]

Group 1 - The People's Bank of China (PBOC) proposed to continue implementing a moderately loose monetary policy and enhance counter-cyclical and cross-cyclical adjustments to promote stable economic growth and reasonable price recovery [1][11][34] - The PBOC emphasized the dual function of monetary policy tools in terms of both quantity and structure, and the need for better coordination between monetary and fiscal policies [1][11][34] Group 2 - The National Development and Reform Commission (NDRC) and the Ministry of Commerce released the "Encouragement Directory for Foreign Investment Industries (2025 Edition)" to attract more foreign investment into advanced manufacturing, modern services, high-tech, and energy-saving and environmental protection sectors [2][20][25] - The new directory will take effect on February 1, 2026, and aims to optimize the regional layout of foreign investment, particularly in the central and western regions and Northeast China [2][20][25] Group 3 - Beijing has implemented adjustments to its housing purchase policies, including relaxing purchase conditions for non-Beijing residents and supporting housing needs for families with multiple children [3][21][32] - The adjustments are part of efforts to stabilize the real estate market and are expected to release housing demand [3][21][32] Group 4 - The A-share market is experiencing increased volatility and stock differentiation, with certain thematic sectors like commercial aerospace, controllable nuclear fusion, and new retail showing significant growth [4][22] - This trend of "stock differentiation and thematic peaks" is becoming a prominent feature of the market as the year ends [4][22] Group 5 - As of December 24, 1866 companies in the Shanghai Stock Exchange held performance briefings, representing over 99% of scheduled companies and more than 80% of the total number of companies listed [5][23] Group 6 - The precious metals market saw unprecedented growth in 2025, with gold outperforming most asset classes, silver surpassing $72 per ounce, and platinum achieving significant gains [6][24] Group 7 - Eight departments, including the PBOC and NDRC, released 21 financial support measures to enhance the financial service system for the Western Land-Sea New Corridor [9][26][30] - The measures include increasing financial resource coordination, optimizing fund settlement systems, and expanding the use of the Renminbi in cross-border transactions [9][26][30] Group 8 - The State-owned Assets Supervision and Administration Commission (SASAC) outlined five key tasks for central enterprises in 2026, focusing on strategic restructuring, professional integration, and high-quality mergers and acquisitions [10][27][33] - The meeting emphasized the importance of stabilizing operations, improving quality and efficiency, and ensuring a good start for the 14th Five-Year Plan [10][27][33]

Core Viewpoint - The National Development and Reform Commission and the Ministry of Commerce released the "Encouragement Directory for Foreign Investment Industries (2025 Edition)", which will take effect on February 1, 2026, aiming to enhance foreign investment in China [1]. Group 1: Directory Changes - The new directory includes a total of 1,679 entries, an increase of 205 entries compared to the 2022 version, with 303 entries modified [2]. - The directory encourages foreign investment in advanced manufacturing, modern services, and specific regions such as the central and western areas, Northeast China, and Hainan Province [3]. Group 2: Investment Guidance - The updated directory aims to optimize the directional guidance for foreign investment, promoting advanced manufacturing and modern services, thereby enhancing the development level of industrial and supply chains [3]. - It is designed to provide clear, stable, and transparent investment expectations for investors, which is crucial for attracting global innovation elements and meeting the evolving domestic demands in sectors like healthcare and elderly services [5]. Group 3: Investor Confidence - Many foreign business leaders expressed that the new directory has strengthened their confidence and expectations for investing in China, indicating a promising future for investments [7]. - The encouragement of foreign investment in advanced manufacturing and modern services aligns well with the business directions of several foreign companies, further solidifying their development confidence [7].

Core Viewpoint - The article emphasizes the importance of project construction as a key driver for economic development, investment growth, and high-quality development in Guangxi, highlighting the implementation of three major mechanisms to support project land use and resource allocation [2][10]. Group 1: Project Construction and Land Use - The Guangxi Natural Resources Department has prioritized project construction as a central focus for development, implementing a provincial-level coordination model to optimize land use indicators and ensure major projects are executed efficiently [2][3]. - A total of 29,100 acres of land use indicators have been guaranteed through the new land use verification mechanism, covering various sectors such as energy, transportation, and livelihood [3][4]. - The Guangxi government has established a "point-to-point" service model for major projects, ensuring that land use is fully verified and supported at the provincial level, thus accelerating project implementation [3][4]. Group 2: Special Land Use Indicators - The establishment of specialized land use indicators for key areas, such as the China-ASEAN Industrial Cooperation Zone, aims to support the development of cross-border industrial chains and modern service industries [5][6]. - As of now, over 8,980 acres of these specialized indicators have been utilized, facilitating the launch of 62 major projects that have collectively attracted over 30 billion yuan in investment [5][7]. Group 3: Incentive Mechanisms - The Guangxi government has introduced an incentive mechanism that rewards regions for high-quality development and efficient land use, with a total of 18,400 acres of land use indicators allocated since 2024 [8][9]. - This performance-based reward system encourages local governments to actively seek land use indicators, fostering a culture of proactive development rather than passive acceptance [9][10]. - The implementation of these mechanisms has led to a significant increase in project initiation rates, with 231 major projects starting construction by the end of October 2025, representing a 67% year-on-year increase in certain regions [9][10].

本报讯（记者余秋兰）近日，自治区人力资源和社会保障厅公布第十一届广西创业大赛获奖名单。南宁 市的"微纳卫星高光谱高空分主被动成像载荷"等15个参赛项目全部获奖。南宁市获奖项目数量位居全区 第一，再创历史新高。 第十一届广西创业大赛以"创业兴桂 梦想启航"为主题，共设有"人工智能""东盟合作""现代服务""高校 毕业生创业创新"4个赛道。全区共有374个创业项目报名参赛，经过各市层层筛选，有117个项目晋级自 治区总决赛。南宁市参赛项目表现最为亮眼，其中6个项目包揽了"人工智能"赛道的一、二、三等奖，3 个项目获得"东盟合作"赛道的一、二、三等奖，2个项目获得"现代服务"赛道的三等奖，4个项目获 得"高校毕业生创业创新"赛道的二、三等奖。此次参赛项目的全面获奖，既是对南宁创新创业生态的充 分肯定，也彰显了南宁在人工智能、东盟合作、现代服务等领域的创新活力与发展潜力。 南宁市将持续优化创业扶持政策，搭建优质创业项目服务平台，助力更多优质创业项目落地生根、发展 壮大。 ...

Core Viewpoint - The Danzhou Huanxin Yingwan area is being developed as a model for Hainan Free Trade Port, focusing on the integration of port, industry, city, and technology to drive regional development and attract investment [5][6][7]. Group 1: Development Strategy - Danzhou is implementing a coordinated development strategy, aiming to achieve a phased goal of "three years to gain momentum, five years to take shape, and ten years to establish a city" [5]. - The area is positioned as a key hub for the integration of the Yangpu Economic Development Zone and Danzhou Industrial Park, promoting collaborative development [5][10]. Group 2: Infrastructure and Urban Development - The Huanxin Yingwan area has seen significant improvements in infrastructure, with a range of key industrial projects being launched and completed, contributing to urban quality and functionality [5][9]. - A new neighborhood center has opened, serving as a multifunctional business complex and a new landmark for the Huanxin Yingwan New City [9]. Group 3: Industry Focus - The development plan emphasizes the establishment of a diverse industrial ecosystem, focusing on high-tech, modern services, and high-end tourism, while also integrating traditional industries like petrochemicals and logistics [7][12]. - The area aims to create a complete industrial chain, particularly in sectors such as digital economy, healthcare, and education [12]. Group 4: Future Planning and Goals - By 2026, the Danzhou government plans to enhance collaborative mechanisms in industry development, investment attraction, and event hosting, aiming to create a model for regional coordinated development [13]. - The focus will be on key sectors such as new materials, biomedicine, renewable energy, and digital economy, with an emphasis on optimizing the business environment and reducing operational costs for enterprises [13][14].

12月18日，海南自由贸易港正式启动全岛封关运作。这不仅是海南发展（002163）的里程碑，更是我国 坚定不移扩大高水平对外开放、推动建设开放型世界经济的标志性举措，标志着海南将打造成为引领我 国新时代对外开放的重要门户。 在当前全球单边主义、保护主义抬头，多边贸易体系面临挑战的背景下，我国大力推动贸易和投资自由 化便利化，实施高水平对外开放，致力于建设开放型世界经济，以高水平对外开放推动构建新发展格 局，增强国内大循环内生动力和可靠性，提升国际循环质量和水平，以对外开放的主动赢得经济发展的 主动、赢得国际竞争的主动。 海南的独特优势正在于此，其毗邻东盟，联动粤港澳大湾区，处于RCEP成员国网络的中心位置。从海 南出发的"4小时飞行圈"可覆盖全球47%的人口、30%的GDP。凭借地理区位与制度创新的双重优势， 海南有望成为连接中国国内市场与东南亚乃至全球的双循环关键枢纽之一。 封关后，海南将实施以"'一线'放开、'二线'管住、岛内自由"为基本特征的自由化便利化政策制度。"一 线"放开，就是将海南自贸港与我国关境外其他国家和地区之间作为"一线"，实施一系列自由便利进出 举措；约74%的商品将享受进口"零关税"， ...

大有大的道理。海南聚焦旅游业、现代服务业和高新技术产业"三大领域"，依托国家深海基地南方中心 等"五大平台"构建特色产业体系，充足的空间体量能承载完整的产业链布局。 大也有大的底气。海南自贸港的大体量是中国超大规模经济的必然要求，其不仅仅着眼于外，也立足于 国内广阔的经济腹地——南繁科研育种基地可联动全国农业市场，航天基地能对接国内航天产业集 群……这种产业联动的模式，让海南既能吸引全球高端要素，又能将开放红利传导至国内，形成国内国 际双循环的枢纽节点。 2025年12月18日，中国改革开放进程迎来历史性时刻——海南自由贸易港正式启动全岛封关运作。 这种覆盖全要素、全产业的制度革新，以《中华人民共和国海南自由贸易港法》的形式得到确认和保 护，为来自全世界的市场主体创造了稳定的政策环境。海南自贸港"2025年初步建立、2035年更加成 熟、本世纪中叶全面建成"的目标也就有了高确定性的预期。 封关并非物理隔绝，而是以"'一线'放开、'二线'管住、岛内自由"为基本特征的自由化便利化政策制 度。随之落地的零关税、低税率等政策红利，将广泛惠及市场主体——企业可享受进口生产资料免税、 对鼓励类产业企业生产的含进口料件加工 ...