多元整合精准落子 勾勒国资布局新蓝图 （来源：中国改革报） 转自：中国改革报 □ 本报记者 丁 南 □ 朱 璇 整合重组是深化国资国企改革、破解发展瓶颈的"金钥匙"。"十四五"以来，福建省泉州市将战略性重组 与专业化整合作为撬动国有资本配置效率提升的"关键杠杆"，推动市属国企"握指成拳"，打造一批主业 清晰、服务大局、产业引领作用突出的企业，为经济社会高质量发展注入源源不断的国资力量。 经济指标是对改革成效的有力印证。截至2025年底，泉州市国资委所出资企业实现资产总额突破5000亿 元，营业收入突破800亿元，"十四五"期间两项指标均实现翻番。 机制改革纵深推进 激活内生发展动力 如果说整合重组是国企改革的"物理聚合"，那么体制机制改革就是实现"化学反应"的核心密码。泉州市 在推进国企整合重组的同时，向体制机制改革深水区发力，聚焦劳动、人事、分配"三项制度"改革等痛 点难点问题，推动现代公司治理结构不断完善、市场化经营机制改革落细落实，为国企发展注入强劲内 生动力。 现代公司治理体系日趋完善。泉州坚持分类施策，扎实推进董事会建设，明确外部董事职责定位与履职 规范，为5家市级国资集团选聘25名外部董事，同步推 ...

Market Overview - The trade sector experienced a decline of 1.15% on January 13, with Kerryde leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable stock performances in the trade sector included: - CITIC Metal (601061) closed at 15.15, up 0.53% with a trading volume of 294,300 shares and a turnover of 447 million yuan [1] - Jiangsu Guotai (002091) closed at 9.02, down 0.33% with a trading volume of 402,700 shares and a turnover of 365 million yuan [1] - Yiyaton (002183) closed at 5.18, down 2.26% with a trading volume of 1,005,800 shares and a turnover of 528 million yuan [1] Capital Flow - The trade sector saw a net outflow of 156 million yuan from main funds, while retail investors contributed a net inflow of 165 million yuan [2] - The capital flow for specific stocks included: - Yiyaton (002183) had a main fund net outflow of 34.48 million yuan and a retail net inflow of 50.06 million yuan [3] - CITIC Metal (601061) experienced a main fund net outflow of 30.13 million yuan and a retail net inflow of 24.53 million yuan [3] - Jiangsu Guotai (002091) had a main fund net outflow of 6.51 million yuan and a retail net inflow of 18.17 million yuan [3]

此做法旨在切断伊朗的外部经济纽带。伊朗经济高度依赖能源出口，其贸易伙伴遍布欧亚。美国此举迫 使这些国家在美国市场和伊朗生意之间做出选择，从而间接压缩伊朗的生存空间。 特朗普特别强调决定"最终且不可更改"，传递出不留谈判余地的决心。这一强硬表态意在威慑伊朗及其 伙伴，表明这不是临时措施，而是长期围堵的一部分。 特朗普的最新关税政策，不仅让全球贸易版图再起波澜，更直接瞄准了伊朗的经济命脉。这一决定被外 界视为其任期内又一次极具争议的单边行动，意图通过经济手段重塑国际关系。 这项政策的核心在于次级制裁。特朗普明确表示，任何与伊朗有商业往来的国家，在对美贸易中都将被 额外征收25%关税。这并非针对特定商品，而是覆盖所有交易。 这不仅是经济制裁，更是地缘政治影响力的较量。特朗普的政策能否持续，继任者是否会调整方针，以 及伊朗内部如何应对，都将成为持续影响局势的关键变量。 选择一月十二日宣布，时机值得玩味。伊朗国内大规模示威刚宣布平息，政府重掌控制。美国此时加码 外部施压，显然是要阻止伊朗获得喘息机会，从经济上持续削弱其恢复能力。 多国可能联合在世贸组织质疑美国政策的合法性。欧洲、亚洲等地的主要贸易体不会坐视自身利益受 ...

Core Viewpoint - Kazakhstan's GDP is projected to grow by 6.5% year-on-year in 2025, driven by key sectors such as industry, transportation, construction, and trade [1] Group 1: Economic Growth - The industrial production index in Kazakhstan is expected to increase by 7.4% year-on-year in 2025, with the manufacturing sector maintaining a stable growth rate of 6.4% [1] - The transportation and warehousing sector is projected to grow by 20.4% for the year, attributed to an increase in road and rail freight volumes [1] - The construction industry is anticipated to grow by 15.9% year-on-year, supported by infrastructure and social projects [1] - The trade sector is also expected to show strong development, achieving an annual growth rate of 8.9% [1] Group 2: Government Measures - The Kazakh government is implementing systematic measures to promote economic diversification and growth [1] - Macroeconomic indicators reflect a steady development trend across major economic sectors in Kazakhstan [1]

Market Overview - The trade sector increased by 0.82% on January 12, with Dongfang Chuangye leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - Dongfang Chuangye (600278) closed at 8.24, up 4.97% with a trading volume of 247,700 shares and a turnover of 201 million yuan [1] - Yiatong (002183) closed at 5.30, up 3.72% with a trading volume of 1,354,300 shares and a turnover of 715 million yuan [1] - Nanjing Shanglv (600250) closed at 12.01, up 2.04% with a trading volume of 267,900 shares and a turnover of 320 million yuan [1] - Other notable stocks include Zhongcheng Co. (000151) at 12.43, up 1.39%, and Chimon Fashion (600287) at 5.69, up 0.71% [1] Capital Flow - The trade sector experienced a net outflow of 129 million yuan from institutional investors, while retail investors saw a net inflow of 27.29 million yuan [2] - The overall capital flow indicates that speculative funds had a net inflow of 102 million yuan [2] Individual Stock Capital Flow - Zhongcheng Co. (000151) had a net inflow of 12.02 million yuan from institutional investors, while it faced a net outflow of 6.73 million yuan from speculative funds [3] - Dongfang Chuangye (600278) saw a net inflow of 5.46 million yuan from institutional investors, with a net outflow of 1.95 million yuan from speculative funds [3] - Jiangsu Guotai (002091) had a net inflow of 1.18 million yuan from institutional investors and a significant net inflow of 21.25 million yuan from speculative funds [3]

Group 1 - The core viewpoint emphasizes the importance of corporate integrity and social responsibility in the changing business environment, with the company committed to translating promises into actions for sustainable development [1] Group 2 - The company ensures the protection of employee rights by strictly adhering to national regulations, with timely and full social security payments made for employees across various regional branches [3] - As of December, multiple regional branches, including those in Shandong, Jiangsu, Sichuan, Henan, Hubei, and others, have successfully completed their monthly social security payments, reflecting the company's commitment to employee welfare [3] Group 3 - The company actively encourages its branches to engage in community service and social welfare initiatives, demonstrating a commitment to giving back to society [9] - Specific actions include providing winter supplies to elderly individuals in Jinan and conducting special assistance programs for disabled elderly people in Kunming, showcasing the company's social responsibility [9][11] Group 4 - The company believes that its growth is intertwined with societal support and aims to resonate with social development while practicing long-term value principles [11] - Future commitments include maintaining operational standards, ensuring employee welfare, and continuing participation in social welfare activities to seek a more solid and compassionate development path [11]

Group 1 - The core focus for 2026 includes enhancing consumption, trade, foreign investment, and international cooperation, with a specific emphasis on the "Buy in China" brand [1][2] - The initiative to implement a special action to boost consumption aims to create new growth points in service consumption and optimize policies for upgrading consumer goods [1] - The development of a modern market and circulation system is crucial for advancing a unified national market, with plans to innovate retail and improve the modern commercial circulation system [1] Group 2 - The meeting emphasizes the importance of trade innovation and the promotion of the "Export China" brand, with a focus on optimizing goods trade and developing service trade [2] - In attracting foreign investment, the goal is to enhance the "Invest in China" brand by expanding service sector openness and improving investment promotion levels [2] - The strategy includes aligning with international high-standard economic and trade rules and enhancing the construction of open platforms, particularly in free trade zones [2]

Group 1 - The new fiscal budget for Hong Kong will be announced on February 25, benefiting from a robust financial market and increased overall revenue, including stamp duty, allowing the government to restore operating surplus earlier than expected [1][3] - The financial sector, which accounts for 26% of Hong Kong's GDP, showed strong performance last year, leading to greater market demand and positive expectations for the industry [3] - The trade sector, contributing 15% to the GDP, also supported the economy due to strong exports, while major events attracted more tourists, enhancing the market atmosphere [3] Group 2 - The government has implemented a strengthened fiscal consolidation plan, achieving some success in controlling expenditure growth, although overall spending continues to rise, with education, healthcare, and social welfare accounting for nearly 60% of government expenditure [3] - The government plans to invest in future developments, particularly in the Northern Metropolis area, despite recording a deficit in the capital account due to increased investment in public works [3][4] - The ratio of the government's outstanding debt to GDP is approximately 12%, which is considered very healthy on an international scale [4]

Core Viewpoint - The national business work conference held on January 10-11 emphasizes the importance of implementing the spirit of the 20th National Congress and the Central Economic Work Conference, focusing on stabilizing and advancing business development while preparing for the 15th Five-Year Plan [1][3]. Group 1: Business Development Goals - The conference outlines that 2025 will be a significant year for business, aiming for stable and progressive development in consumption, foreign trade, foreign investment, and international cooperation [1][2]. - The "14th Five-Year" period has seen a notable enhancement in the role of consumption as a main driver, with solid foundations laid for the "15th Five-Year" period in terms of trade, investment, and international cooperation [2][3]. Group 2: Key Initiatives for 2026 - The conference identifies eight key areas for the national business system to focus on in 2026, including boosting consumption, enhancing the modern market and circulation system, and promoting trade innovation [4]. - Specific initiatives include creating a "Buy in China" brand, optimizing consumption policies, and developing digital and green consumption [4][5]. Group 3: Leadership and Governance - The conference stresses the need for strong party leadership in business, promoting high-quality development through strict governance and adherence to the central government's directives [5][6]. - It highlights the importance of fostering a correct performance view and ensuring that business efforts align with the needs of the people [5].

Group 1 - The core characteristic of contemporary China is its openness, which is a significant feature of Chinese modernization, and expanding high-level openness is a core strategy during the "14th Five-Year Plan" period [1] - The 20th Central Committee of the Communist Party of China emphasizes the importance of expanding high-level openness to create a new situation of win-win cooperation, which provides fundamental guidance for Kunming's development [1] - High-level openness aims to promote high-quality development, meet people's livelihood needs, and lead the globalization process, contributing to building a community with a shared future for mankind [1] Group 2 - Kunming's economic development relies on its geographical advantages and the path forward lies in openness, which is essential for enhancing the city's capabilities in the new development pattern [2] - Over the past five years, Kunming has actively transformed its geographical advantages into developmental advantages by expanding openness in broader areas and deeper levels [2] - The city has innovated the "provincial capital + border" model and is advancing the construction of the Southbound International Land-Sea Trade Corridor through the China-Laos Railway, positioning itself at the forefront of openness [2] Group 3 - A key task during the "15th Five-Year Plan" period for Kunming is to accelerate high-level openness and establish itself as a gateway to South Asia, Southeast Asia, and the Indian Ocean region [3] - The city aims to implement a more proactive openness strategy, focusing on aligning with international high-standard economic and trade rules and enhancing service industry openness [3] - The core tasks for this year include promoting integrated development of domestic and foreign trade, enhancing the Kunming service trade brand, and transforming channel advantages into developmental advantages [3]