Core Points - The Chief Executive of the Macao SAR, Ho Iat Seng, presented the 2026 Policy Address focusing on administrative reform, promoting diversification, optimizing livelihoods, and integrating into the national framework [1][2] Group 1: Economic Development - The main goals for the 2026 government policy include sustained economic recovery, substantial progress in economic diversification, and maintaining positive growth in local GDP [2] - The government aims to improve the business environment and enhance economic vitality, with a focus on the development of the Hengqin Cooperation Zone and further integration with Zhuhai [2][3] Group 2: Administrative and Legal Reforms - The government plans to deepen public administrative reforms to address long-standing issues, break down departmental barriers, and build a service-oriented government [3] - There will be an emphasis on "streamlining administration and delegating power," restructuring departmental functions, and enhancing e-government initiatives [3] Group 3: Social Welfare and Employment - The government aims to ensure effective employment for residents and optimize social welfare, with particular attention to vulnerable groups [2][3] - The policy will focus on improving the livelihood system and addressing practical social issues [2] Group 4: Infrastructure and Urban Development - Plans include enhancing urban infrastructure and building a smart, livable city [2] - The government will work on developing a comprehensive cultural base to promote civilizational exchange [2] Group 5: International Cooperation - The government intends to promote higher levels of openness and integrate into the national development framework, particularly through the Guangdong-Hong Kong-Macao Greater Bay Area [3][4] - There will be efforts to deepen international economic and technological exchanges and expand the international network [3]

21世纪经济报道记者洪晓文 陆跃玲 广州南沙报道 "十四五"收官之际，众多权威学者和企业家于11月18日现身广州南沙举办的第二十届中国经济论坛，聚 焦讨论一个关键问题：中国经济下一个五年怎么干。对内"产业创新"和对外"出海"几乎是所有与会人士 反复提到的共识。 近日发布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（简称"十五五"规划建 议）提出，着力打造新兴支柱产业、前瞻布局未来产业，以及推动科技创新和产业创新深度融合， 为"十五五"时期现代化产业体系发展擘画蓝图。 对此，国务院发展研究中心党组成员、副主任隆国强在论坛上谈到，新一轮科技革命和产业变革为我国 高质量发展提供历史机遇，因地制宜发展新质生产力，推动现代化产业体系智能化、绿色化、融合化发 展，对实现中国式现代化具有重大意义。 中国金融四十人论坛学术顾问、重庆市原市长黄奇帆提出，中国在0~1的自主创新、原始创新方面， 1~100的科研成果产业化转化方面和100~100万的产业链集群创新方面均取得了重大成就。 对于许多企业而言，发展的空间不仅在国内制造业的"0～1、1～100、100～100万"的全链条跃升之中， 更多的机会在海外。隆国 ...

Core Viewpoint - Hainan Free Trade Port is set to officially launch its full island closure operations, marking a significant milestone in its development and positioning as a new frontier for China's opening up to the world [1] Economic Development - The four leading industries: tourism, modern services, high-tech industries, and tropical efficient agriculture will account for nearly 70% of the province's GDP [4][15] - The annual growth rates for foreign trade and service trade are 31.3% and 32.3% respectively, with investments from 176 countries and regions [9] Environmental and Social Indicators - The ecological environment quality ranks among the best in the country, with clean energy generation and installed capacity exceeding 70% and 80% respectively [4][17] - The penetration rate of new energy vehicles has reached 60.7% [4][17] - Key social indicators such as preschool education enrollment rates exceed the national average, and the average life expectancy is 80.5 years [6][22] Infrastructure and Innovation - The "Three Zones, One Belt, One Area" regional development strategy has been implemented, resulting in the establishment of over 1,800 beautiful villages and 300 harmonious villages [5][20] - The investment in R&D has seen continuous growth, with the number of national-level innovation platforms doubling and the number of high-tech enterprises approaching double [11] Regulatory and Institutional Framework - A total of 21 batches of institutional innovation cases have been formed, and a simplified approval system has been established for the Hainan Free Trade Port [13]

长三角主流媒体先后走进南通创新区、南通经济技术开发区、苏锡通科技产业园区和通州湾江海联动开 发示范区等地，深入科研机构、科创载体、制造业企业以及重大项目建设现场，用生动笔触和鲜活画 面，记录南通在推动科技创新和产业创新深度融合、培育现代产业集群、因地制宜发展新质生产力和推 进产城融合发展等方面的新变化、新成就。 据了解，参与采访媒体的全平台受众超过3亿人次。集中采访成果将以融媒产品形式，通过各大媒体的 线上、线下传播平台推出，向海内外受众传递南通以及开发园区的发展潜力、鲜活形象和生动故事。 今年是"十四五"收官之年。五年来，南通立足"奋力打造全省高质量发展重要增长极"的定位，深度融入 长三角一体化发展国家战略，推动跨江融合、发展海洋经济、打造制造强市，聚力共建长江口产业创新 绿色发展协同区，成为长三角区域协同发展的重要节点城市。近年来，南通经济总量接连攀升：2020年 突破1万亿元大关，2024年超1.24万亿元，增速位居全国27个万亿城市第二。 自1984年南通被列为全国首批沿海开放城市、获批设立国家级南通经济技术开发区至今，南通已累计获 批国家级、省级开发园区20个，数量位居全省第二；国家一类开放口岸5个 ...

Core Insights - The Guangxi Zhuang Autonomous Region is accelerating the cultivation of high-tech enterprises during the 14th Five-Year Plan period, with the number of high-tech enterprises increasing from over 2,800 at the end of 2020 to over 4,000 in the past two years [1] Group 1: Growth of High-Tech Enterprises - Since 2018, high-tech enterprises in Guangxi have experienced rapid growth, with an average annual growth rate of 9.87% [1] - By 2025, 198 high-tech enterprises have received funding, amounting to over 130 million yuan [1] Group 2: Government Support and Funding - Enterprises recognized as high-tech can enjoy local financial subsidies and apply for the "High-Tech Enterprise Cultivation Project," which is managed under Guangxi's key R&D plan [1] - In 2024, the Guangxi Autonomous Region allocated 185 million yuan from its fiscal budget to support enterprises in increasing R&D expenditure, benefiting 1,662 enterprises [1]

Group 1 - China Baoan's stock increased by 5.09%, reaching 11.57 CNY per share, with a trading volume of 510 million CNY and a turnover rate of 1.74%, resulting in a total market capitalization of 29.842 billion CNY [1] - The company, founded on October 8, 1990, and listed on June 25, 1991, is based in Shenzhen, Guangdong Province, and its main business areas include high-tech industry, biomedicine, and real estate investment [1] - The revenue composition of China Baoan is as follows: high-tech industry 79.55%, biomedicine 18.37%, other industries 1.41%, and real estate 0.67% [1] Group 2 - Among the top ten circulating shareholders of China Baoan, a fund under Southern Fund holds a position, specifically the Southern CSI 500 ETF (510500), which reduced its holdings by 522,200 shares in the third quarter, now holding 26.2568 million shares, accounting for 1.02% of circulating shares [2] - The Southern CSI 500 ETF has a current scale of 140.098 billion CNY, with a year-to-date return of 28.42%, ranking 1847 out of 4216 in its category, and a one-year return of 17.38%, ranking 2269 out of 3951 [2] Group 3 - The fund manager of Southern CSI 500 ETF is Luo Wenjie, who has a cumulative tenure of 12 years and 209 days, with the fund's total asset size at 170.445 billion CNY [3] - During his tenure, the best fund return was 150.16%, while the worst return was -47.6% [3]

Core Points - The article emphasizes the importance of implementing Xi Jinping's speech regarding the construction of Hainan Free Trade Port, highlighting the need for commitment and practical actions to achieve high standards in this initiative [2][3][14]. Group 1: Government Initiatives - Various provincial departments and cities are actively studying and implementing the key points from Xi Jinping's speech, focusing on maintaining a strong sense of mission and responsibility [2]. - The provincial development and reform commission aims to align with the strategic goal of making Hainan Free Trade Port a significant gateway for China's new era of opening up, emphasizing the need for continuous reform and opening measures [3]. - The tourism and cultural department is committed to enhancing international cooperation and developing a high-quality modern tourism industry, while ensuring ideological safety and industry stability [4]. Group 2: Economic Development Strategies - The audit department plans to focus on the performance of key industries such as tourism, modern services, and high-tech industries, ensuring effective policy implementation and risk management [5]. - Local governments, such as Danzhou and Wanning, are prioritizing high-quality development by fostering traditional industry upgrades and nurturing emerging industries, while also enhancing the business environment [7][8]. - The emphasis on ecological protection and green development is evident, with various regions aiming to integrate ecological advantages into their economic strategies [9][12]. Group 3: Policy Implementation and Risk Management - The importance of risk prevention and management is highlighted across various departments, with a focus on maintaining safety and stability in economic activities [6][11]. - The need for strict governance and adherence to party regulations is underscored, with local governments committing to fostering a clean political environment [10][13]. - The agricultural sector is also focusing on leveraging policies to enhance rural development and ensure that the benefits of economic growth reach the community [14]. Group 4: Future Planning - The preparation for the "15th Five-Year Plan" is a common theme, with various regions emphasizing the need for strategic planning to align with the goals of Hainan Free Trade Port [11][15]. - Continuous efforts to improve public services and address social issues are being prioritized to enhance the overall quality of life for residents [12][14].

Group 1 - During the "14th Five-Year Plan" period, Guangxi has accelerated the cultivation of high-tech enterprises, increasing the number from over 2,800 at the end of 2020 to over 4,000 in the past two years [4] - High-tech enterprises are considered a crucial support for the construction of a modern economic system in China, with an average annual growth rate of 9.87% since 2018 in Guangxi [4] - The local government has implemented various measures to support high-tech enterprises, including expert training and one-on-one guidance for companies [6] Group 2 - Companies recognized as high-tech enterprises benefit from a reduced corporate income tax rate of 15% instead of 25%, along with priority in applying for technology projects and favorable settlement policies [7] - High-tech enterprises in Guangxi have received significant financial support, with 198 companies obtaining over 130 million yuan in funding by 2025 [8] - The government encourages increased R&D investment by providing subsidies for research expenses, with 1.85 billion yuan allocated for 2024 to support 1,662 enterprises [8] Group 3 - Guangxi has introduced policies to alleviate financing difficulties for high-tech and digital economy enterprises, allowing them to access special loans [9] - As of December 2024, Guangxi's high-tech enterprises hold 62,081 valid patents, including 16,036 invention patents, and have created over 527,000 jobs, including over 10,000 for recent graduates [10] - High-tech enterprises are recognized as the most active force in technological innovation in Guangxi, contributing to the region's high-quality development [10]

Core Insights - The 8th China International Import Expo (CIIE) is being held in Shanghai from November 5 to 10, showcasing its role as a significant driver for industrial upgrades and global trade [1][2] Group 1: Spillover Effect Index - The national spillover effect index for 2024 is projected to reach 67.04, a year-on-year increase of 2.23%, with an average annual growth rate of 15.54% [1] - Shanghai's spillover effect index stands at 66.56, with an average annual growth rate of 16.90% [1] - The Hongqiao International Central Business District (CBD) has a spillover effect index of 82.75, reflecting a year-on-year increase of 6.2% and an impressive average annual growth rate of 50.45% [1] Group 2: Investment Landscape - Despite a noticeable decline in investment promotion compared to 2023, the overseas investment index is 4.5 times that of 2018 [2] - China remains one of the top three preferred investment destinations globally, with 59,000 new foreign-funded enterprises established [2] - The report suggests a shift in export-oriented thinking and enhancing the business environment to strengthen trade resilience [2] Group 3: Shanghai's Role - Shanghai has emerged as a global launchpad for new products, with a transaction intention index of 2.42, reflecting a year-on-year growth of 17.16% [4] - The city has hosted over 3,000 product launch events annually since the first CIIE in 2018, with a significant number of new stores opening each year [5] - The high-end industry in Shanghai is experiencing robust growth, with the "industrial transformation" index increasing by 16.61% [5] Group 4: Hongqiao CBD Development - The Hongqiao CBD's exhibition economy index reached 22.08, marking a year-on-year increase of 16.70% [5] - The area has attracted over 7,000 digital enterprises, with technology service companies making up 21.4% of the total [5] - The report emphasizes the importance of digital empowerment and service optimization to address challenges in international procurement [6]

Group 1 - The 8th China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10, showcasing its significant impact on national and regional economic development [1] - The national spillover effect index for 2024 is projected to reach 67.04, a year-on-year increase of 2.23%, with an average annual growth rate of 15.54% [1] - The Shanghai spillover effect index stands at 66.56, with an average annual growth rate of 16.90%, while the Hongqiao International Central Business District index is at 82.75, reflecting a remarkable year-on-year increase of 6.2% and an average annual growth rate of 50.45% [1] Group 2 - The CIIE has evolved beyond a mere exhibition, becoming a powerful engine for industrial upgrading, regional collaboration, and global trade activation [3] - The report indicates that while investment promotion has seen a decline compared to 2023, the overseas investment index is 4.5 times that of 2018, and China remains one of the top three investment destinations globally [3] - The report suggests a shift in export-oriented thinking, optimizing the business environment, enhancing cultural exchanges, and broadening cooperation channels with economies like the EU and the US to strengthen trade resilience [3] Group 3 - Shanghai's spillover effect index for 2024 is 66.56, with a notable average annual growth rate of 16.90%, highlighting its role in global resource allocation and high-end industry leadership [6] - The "Buy Global" initiative in Shanghai has achieved a cumulative intended transaction amount index of 2.42, a year-on-year increase of 17.16%, maintaining its position as the leading local trading group for seven consecutive years [6] - Shanghai aims to be a global launchpad for new products, with over 3,000 launch events held annually since the first CIIE, and 1,000 new stores opened each year, including global and Asia-Pacific first stores [6] Group 4 - The CIIE significantly supports the development of high-end industries in Shanghai, with the "industrial transformation" total index at 13.69, a year-on-year growth of 16.61% [7] - The index for "advanced industrial structure" increased by 80.3%, reflecting a positive trend in Shanghai's industrial upgrading [7] - The report recommends increasing R&D investment in high-tech industries and optimizing the investment promotion environment to address challenges such as declining export ratios of high-tech products [7] Group 5 - The Hongqiao International Central Business District has seen a comprehensive driving effect from the CIIE, with the exhibition economy index reaching 22.08, a year-on-year increase of 16.70% [7] - The district has attracted over 7,000 digital enterprises, with technology service companies making up 21.4% of the total, creating a virtuous cycle of exhibition-driven industrial agglomeration [7] - The report proposes digital empowerment solutions to address challenges in international procurement and project implementation delays [8]