12月26日晚，中共眉山市委举行新闻发布会，深入解读市委五届十二次全会精神。发布会上，眉山市发展和改革委员会副主任刘甜伟就"十四五"时期眉山经 济社会发展重大成就，以及"十五五"时期如何以成渝地区双城经济圈建设、成德眉资同城化发展引领区域协调发展，回答了群众关心问题。 " 十四五 " 成就斐然：总量跃升 动能转换 民生福祉持续改善。就业、收入、教育、托育等社会事业全面进步，群众获得感幸福感安全感不断增强。 " 十五五 " 路径明晰：深度融入 协调共进 展望"十五五"，眉山将在全面贯彻中央和省委决策部署基础上，着重把握"四个结合"，立足做强国家重大生产力布局重要节点功能，深度融入区域协调发展 战略。 刘甜伟表示，未来五年的核心路径包括：纵深推进"双圈""同城"。深入落实国家成渝地区双城经济圈建设部署，提速成德眉资同城化发展，深化产业协同 与"成都研发+眉山转化"等合作模式，推动优质公共服务共享和政务服务跨域通办。 优化市域城镇体系。加快构建"11311"城镇发展格局，做强主城区，推进仁寿建设市域副中心，打造特色节点城市和重点镇。 推动县域经济高质量发展。支持东坡区、仁寿县构建"千亿双核驱动"格局，推动各区县立足 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：中国财富管理50人论坛2025年会 12月27日金融一线消息，中国财富管理50人论坛2025年会在京召开，本届年会的主题是"迈向'十五 五'建设金融强国"。中国财富管理50人论坛理事长、原银监会主席、证监会原主席尚福林发表致辞。 尚福林表示，金融是国民经济的血脉，是国家核心竞争力的重要组成部分。推进金融强国建设，不仅关 乎经济高质量发展，更关乎国家长治久安与民族复兴伟业。他强调，迈向"十五五"，加快建设金融强 国，是质的有效提升和量的合理增长有机统一，是综合性、系统性、引领性的跃升。 尚福林指出，建设金融强国是一项开创性的系统工程，需要不懈努力。"十五五"时期是关键攻坚期，我 们要深刻把握金融工作的政治性、人民性，扎实推进各项任务落实；要强化金融人才队伍建设，培养一 批兼具专业素养、国际视野和家国情怀的金融人才，为金融强国建设提供智力支撑；要坚持守正创新， 既要遵循现代金融发展规律，又要立足我国国情，不断探索中国特色金融发展新模式。 以下为发言全文： 尊敬的各位嘉宾，女士们、先生们： 热烈欢迎大家莅临财富管理50人论坛2025年年会。本届大会我们很荣幸邀 ...

此外，刘霄还提到，本届三亚·财经国际论坛也是《财经》正式加入中信集团大家庭后首次举办。中信 集团作为产融并举的大型综合性跨国企业集团，凭借覆盖金融、实业、文化等多元领域的产业生态与资 源优势，正全力赋能《财经》向国内顶尖、国际知名的财经传媒资讯平台加速迈进。 由三亚市人民政府主办，《财经》杂志、财经网、《财经智库》、三亚中央商务区管理局、三亚经济研 究院承办的"三亚·财经国际论坛暨第五届三亚财富管理大会"12月27日在海南三亚举行，主题为"海南自 贸港未来定位及三亚新机遇"。 《财经》杂志社社长刘霄在致辞中表示，2025年12月18日，海南自贸港全岛封关运作圆满落地，这是中 国对外开放进程中具有里程碑意义的大事，标志着中国制度型开放进入全新阶段。作为海南自贸港的核 心城市和重要门户，三亚正迎来前所未有的发展机遇。 《财经》杂志社社长 刘霄 刘霄指出，三亚有得天独厚的生态禀赋，有连接东盟、辐射全球的区位优势，更有封关运作带来的政策 红利叠加。从跨境投融资便利化到离岸贸易创新，从财富管理生态构建到现代金融聚集，从旅游消费升 级到城市功能完善，三亚的每一个发展方向都紧扣国家战略，对接全球市场，都孕育着无限可能。相信 ...

"我们也要清醒认识到，'十五五'时期金融发展仍将面临一些结构性和机制性挑战。"他认为，比如，社 会资金配置结构不平衡问题仍有待解决，低利率、低息差时代到来也增大了资产配置难度，传统的融资 和风控模式与新经济新业态的现实需求不够适配，民营、小微企业融资难、融资贵仍不同程度存在；直 接融资占比有待提高，资本市场投资和融资功能的协调性有待进一步增强，基础性制度仍需完善；高水 平双向开放要求更高，跨境风险传染渠道更加多元、更加复杂；金融科技的新业态、新技术带来的新型 风险对金融监管提出更高要求。这些问题是"十五五"时期金融改革发展的重点，也是建设金融强国必须 攻克的难关。 尚福林表示，迈向"十五五"，加快建设金融强国，是质的有效提升和量的合理增长有机统一，是综合 性、系统性、引领性的跃升。"十五五"规划建议阐明了其核心内涵：第一，更加聚焦金融服务实体经济 的根本宗旨，努力做好金融"五篇大文章"；第二，持续深化金融体制改革，加快完善中国特色现代金融 体系；第三，更好统筹发展和安全，筑牢金融稳定防线；第四，稳步推进高水平开放，提升全球金融治 理话语权。 12月27日，中国财富管理50人论坛2025年会在京举办。中国财富管 ...

2025.12.26 本文字数：2214，阅读时长大约4分钟 作者 |第一财经 樊志菁 本周西方迎来传统节日圣诞节，随着诸多市场进入假日交易时段，通常情况下行情往往处于低波动状 态。今年的情况有所不同。 节后首个交易日，避险情绪、供需失衡等因素继续推动资产规模较小的贵金属市场狂欢。相比之下，人 工智能AI泡沫担忧、货币政策不明朗让流动性更好的明星科技股失去了短期进一步上行的动力。 美股波澜不惊 作为节前公布的重磅数据，美国三季度国内市场总值（GDP）表现强劲，但美债利率却未出现相应上 扬，美国10年期国债收益率徘徊在4.17%，10年期与2年期国债利差保持31个基点的正值区间。 BK asset management宏观策略师施罗斯伯格（Boris Schlossberg）在接受第一财经采访时表示，这向市 场释放的信号是：当前货币政策虽处于限制性区间，但并不会进一步收紧，是美元走弱、股市企稳的核 心逻辑。他认为，短期内股市表现近似于 "低波动套息资产"——标普500指数与纳斯达克综合指数保持 强势，市场波动性整体受到压制，如恐慌指数（VIX ）徘徊在年内低点附近。 这与市场对权重人工智能领域的担忧情绪不无关系 ...

Core Viewpoint - The Sichuan provincial government is preparing a series of cultural and tourism activities for the upcoming New Year holiday, aiming to attract tourists and enhance the local economy through various events and promotions [8][9]. Group 1: Event Planning and Activities - A total of 342 commercial performances are expected to be held across the province during the New Year holiday, including large-scale concerts and music festivals in cities like Chengdu, Leshan, and Mianyang [9][10]. - Various exhibitions will be organized in major cultural venues, such as the Sichuan Museum and Luzhou Museum, showcasing diverse themes to enhance the cultural experience for visitors [9][10]. - The "Winter Tour Sichuan" initiative will offer nearly 100,000 free tickets to 121 tourist attractions rated 4A and above, with tickets available on OTA platforms starting January 5, 2026 [9][12]. Group 2: Cultural and Community Engagement - Community cultural activities will include performances and competitions, such as the "Tianfu Citizens' Grand Stage" and local village song contests, inviting public participation [10]. - Non-material cultural heritage displays will be featured, including various traditional events and markets, enriching the New Year celebrations with local customs [10][11]. Group 3: Tourism Infrastructure and Support - The tourism system will focus on ensuring a seamless experience for visitors by enhancing services related to transportation, emergency assistance, and visitor inquiries [12][13]. - Collaborative initiatives with financial institutions and online travel agencies will provide discounts and promotional offers to stimulate consumer spending during the holiday season [12][13].

Core Viewpoint - The article discusses the potential for A-shares to continue rising in 2026, driven by global central bank policies and increased foreign investment, despite the need for caution among retail investors. Group 1: Global Central Bank Policy Shift - Central banks, including the Federal Reserve, have shifted from tightening to easing monetary policy, with the Fed having cut rates three times in 2025, totaling 75 basis points, bringing the federal funds rate to a range of 3.50%-3.75% [3] - This shift indicates a global trend of liquidity injection aimed at stimulating economies and stabilizing markets, which is particularly beneficial for emerging markets like China [3] Group 2: Foreign Investment in A-shares - Foreign capital has been increasingly flowing into A-shares, with net inflows from northbound trading exceeding 310 billion yuan in 2025, and total holdings reaching 2.58 trillion yuan, particularly in high-growth sectors like AI and semiconductors [4] - Offshore capital also surged, with 50.6 billion USD flowing into Chinese stocks from January to October 2025, significantly surpassing the 11.4 billion USD for the entire year of 2024 [5] - Major foreign institutions predict continued investment in A-shares in 2026, with forecasts suggesting an 18% increase in the MSCI China Index and a 12% rise in the CSI 300 Index, driven by A-shares' valuation advantages and growth potential [5] Group 3: External Support for A-shares - A-shares attract foreign investment due to three main factors: - Currency benefits from a 10% drop in the US dollar index, leading to a stronger renminbi, which reduces the cost for foreign investors [6] - Valuation advantages, with the CSI 300 index trading at a price-to-earnings ratio of 14, compared to 30 for the S&P 500, making A-shares more appealing [6] - Coordinated domestic policies, including an increase in the fiscal deficit ratio from 3.8% in 2025 to an expected 4% in 2026, alongside potential monetary easing measures [6] Group 4: Caution for Retail Investors - Despite strong external support, the market is expected to experience structural fluctuations, with opportunities concentrated in technology, high-end manufacturing, and consumer upgrades, while underperforming stocks may struggle [7] - Retail investors are advised to avoid chasing trends and instead focus on long-term investments, as overall A-share earnings growth is projected to rise from 6% to 8% in 2026, indicating a gradual recovery [8]

Group 1 - The stock market typically shows hesitation at the end of the year due to investors' mixed sentiments, with profit-takers looking to secure gains and loss-makers seeking to adjust strategies for the upcoming year [1] - In early December, the A-share market experienced a notable change when Huijin Investment announced increased market entry, particularly in large-cap ETFs, which helped stabilize the market and attract some external funds [1] - The A-share market's weak consolidation phase was altered, leading to a rebound as the trading focus shifted upward, completing a phase of bottom formation [1] Group 2 - In overseas markets, the clearer expectations of further interest rate cuts by the Federal Reserve and ongoing debates about potential AI investment bubbles have influenced large capital movements, contributing to recent rebounds [2] - AI and technology stocks have been significant drivers in the stock market this year, with the A-share market showing stronger upward momentum compared to the U.S. market, which has been more cautious [2] - The year-end market performance is expected to lead to a bullish trend extending into the new year, creating a rare cross-year market situation, with the potential for a slow bull market to develop [2][3] Group 3 - The performance of the stock market on the first trading day of the new year is often viewed as a predictor of the annual trend, but the end-of-year performance is more indicative of the following year's market outlook [3] - A significant upward movement in the market at year-end, potentially reaching new highs, is likely to foster a more optimistic outlook among investors for the upcoming year [3]

Core Viewpoint - The "Guangdong-Hong Kong-Macao Greater Bay Area Beautiful China Pilot Zone Construction Action Plan" aims to leverage the advantages of "one country, two systems" to enhance ecological quality, promote green finance innovation, and deepen cooperation, ultimately establishing a modern ecological governance system and a beautiful bay area through collaborative innovation [1][2]. Group 1: Overall Requirements - The plan is guided by Xi Jinping's thoughts on ecological civilization, aiming to make the Greater Bay Area a strategic support for new development patterns and a demonstration area for high-quality development by 2027 and 2030 [3]. Group 2: Building a Green and Low-Carbon Greater Bay Area - The plan emphasizes regional cooperation, focusing on core engines like Hong Kong, Macao, Guangzhou, and Shenzhen to drive green development and infrastructure connectivity [4]. - It aims to create modern green and low-carbon industrial clusters, promoting digital and green transformation in traditional industries and developing high-value water-related new business formats [4]. - A clean and low-carbon energy system will be established, including world-class offshore wind power bases and integrated building photovoltaic systems [5]. Group 3: Building a Blue and Clean Greater Bay Area - The plan includes initiatives for air quality improvement, emphasizing integrated pollution control and cross-border cooperation in air quality management [6][7]. - It aims to enhance water environment governance in the Pearl River Basin, ensuring safe drinking water and promoting beautiful river and lake construction [7]. Group 4: Building a Beautiful and Ecological Greater Bay Area - The plan focuses on maintaining an integrated ecological system and protecting biodiversity, including the establishment of ecological corridors and the protection of endangered species [8][9]. Group 5: Building a Harmonious and Beautiful Greater Bay Area - The plan promotes the construction of high-standard international beautiful urban clusters and the integration of urban and rural development [9][10]. - It encourages innovative "beautiful cell" construction models, including pocket parks and zero-carbon communities [10]. Group 6: Building a Healthy and Safe Greater Bay Area - The plan emphasizes ecological safety and environmental health management, including monitoring and risk assessment systems [10][11]. - It aims to establish a "waste-free bay area" through solid waste management and pollution control measures [11]. Group 7: Building an Innovative and Collaborative Greater Bay Area - The plan promotes the alignment of regulations and mechanisms in key areas, including environmental quality monitoring and carbon footprint management [12][13]. - It encourages green finance innovation to attract investment in green projects and support sustainable development [13][14]. Group 8: Building an Open and Shared Greater Bay Area - The plan aims to create high-level green cooperation platforms and enhance cross-border environmental service integration [14][15]. - It emphasizes participation in global ecological civilization initiatives and the promotion of green trade [15][16].

Group 1 - The Japanese Ministry of Finance announced the allocation of 7.18 trillion yen (approximately 45.9 billion USD) through the Japan Bank for International Cooperation (JBIC) to provide low-interest loans and guarantees [1] - Part of the funding will support the 550 billion USD investment plan agreed upon by Japan and the United States this year [1] - This funding is part of the Ministry's financing plan for the fiscal year 2026, which begins in April 2026, and includes financing for nuclear power plants and investments in Japan's electric grid [1]