Infrastructure Development - The completion of the Jinping Tunnel marks a significant milestone for the Yipan Expressway, facilitating the economic development of Liangshan Yi Autonomous Prefecture [1] - The expressway will enhance transportation in multiple counties, contributing to breaking traffic bottlenecks and accelerating socio-economic growth [1] Economic Achievements - Liangshan's economic total surpassed 20 billion yuan, with three counties achieving over 2 billion yuan each, and Xichang's economic total exceeding 80 billion yuan [1] - The "14th Five-Year Plan" has seen Liangshan's government highlight key achievements in economic and social development during a recent press conference [1] Industrial Development - Liangshan has implemented a "Three Strong States" strategy focusing on industrial, agricultural, and cultural tourism development, leading to significant economic growth [3] - The establishment of five new provincial-level development zones has positioned Liangshan as a leader in the province for new development zones [3] Clean Energy Initiatives - Major clean energy projects, including the Wudongde and Baihetan hydropower stations, have contributed to a total installed clean energy capacity of 52.45 million kilowatts, accounting for 42% of the province's total [3] - The clean energy generation capacity and export capability are the highest in the province, with a significant increase in the potential for clean energy technology development [3] Strategic Resource Utilization - The shift from "selling resources" to "developing industries" is evident in Liangshan's approach, focusing on high-value utilization of strategic resources like titanium and rare earth elements [5][6] - The establishment of Xichang Chuangrun New Materials Co., Ltd. aims to enhance the local economy through the production of high-purity titanium and other key materials [6] Future Projections - Xichang Chuangrun anticipates achieving sales of over 300 million yuan by 2026, creating 200 new jobs in the process [6] - The region is also planning to develop a standardized Chinese medicinal herb planting base, which is expected to increase farmers' income significantly [6] Regional Economic Growth - The Anning River Basin is identified as a key area for high-quality development, with GDP in the region projected to grow from 159.7 billion yuan to 187.2 billion yuan by 2024 [4] - The basin's economic contribution is expected to exceed three-quarters of the total GDP of Liangshan [4] Industrial Projects - Major projects such as the 20,000-ton titanium and titanium alloy forging by Sichuan Panjin and the 120,000-ton silicon-carbon negative electrode materials by EPNO are underway, enhancing the industrial landscape [7] - Liangshan is focused on leveraging its resources to develop industries and expand market reach, aiming for a new level of industrial economic growth [7]

Core Viewpoint - Recently, a new company named Datang Bachuan (Chongqing) Clean Energy Co., Ltd. has been established, focusing on clean energy generation and related services [1] Group 1: Company Overview - Datang Bachuan (Chongqing) Clean Energy Co., Ltd. has a registered capital of 37.324 million RMB [1] - The legal representative of the company is Zheng Meng [1] - The company's business scope includes power generation, transmission, distribution, solar power technology services, and power generation technology services [1] Group 2: Ownership Structure - The company is jointly held by Datang International Power Generation Co., Ltd.'s wholly-owned subsidiary Yunan (Group) Co., Ltd. and Chongqing Longyu Urban and Rural Construction Development Co., Ltd. [1]

企查查APP显示，近日，大唐巴川（重庆）清洁能源有限公司成立，法定代表人为郑梦，注册资本为 3732.4万元，经营范围包含：发电业务、输电业务、供（配）电业务；太阳能发电技术服务；发电技术 服务等。企查查股权穿透显示，该公司由大唐发电全资子公司渝能（集团）有限责任公司、重庆龙裕城 乡建设开发有限公司共同持股。 ...

为配合新产业（300832）发展，政府同步推出两项配套措施：一是培养10万名现代产业高技能人才。包 括学生与在职人员，通过强化培训、线上课程、岗位实训等方式提升职业资格，申请截止至2026年1 月。二是支持泰国企业转型升级。动用50亿泰铢竞争力提升基金，为采用新技术、绿色产业转型或新业 务升级的企业提供相当于实际支出30%-50%补助，每家企业最高支持1亿泰铢，同样需在2026年1月前申 请。 BOI秘书长纳立透露，目前80个大型项目中，已有40个进入投资实施阶段，其余项目正在解决电力、土 地、许可证等实际障碍。相关部门加快电网扩容、绿色电价机制发布、工业规划调整及签证和工作许可 系统升级等工作。纳里表示，本次政策不仅是短期刺激经济的举措，也将推动系统性改革，建立现代投 资（000900）生态，提升劳动力竞争力，为泰国工业发展和经济长期增长奠定基础。 副总理兼财政部长艾尼迪表示，"快速通道"将成为消除大型投资障碍的新机制，对审批流程、能源保 障、土地规划、签证和许可证办理等关键环节进行改革，目标将审批效率提升20%至50%，并于12月正 式启动。 据泰媒报道，泰国经济政策委员会批准三项由泰国投资促进委员会(B ...

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued the "Industry Scope List for Infrastructure Real Estate Investment Trusts (REITs) Projects (2025 Edition)," significantly expanding the asset categories included in infrastructure REITs, reflecting the internal demand for economic transformation and the public's desire for a better life [1][2]. Group 1: Expansion of Asset Categories - The new list includes high-quality asset categories such as sports venues, commercial travel and cultural sports complexes, four-star and above hotels, commercial office facilities, and urban renewal facilities, marking a major breakthrough in the scope of infrastructure REITs [1][2]. - Since the launch of infrastructure REITs in 2020, the market has continuously expanded, now covering 12 major industries and 52 asset types, with 18 asset types from 10 industries already achieving their first issuance [2][3]. Group 2: Consumer Infrastructure and Sports Consumption - The expansion of the scope to include consumer infrastructure signifies a shift in understanding, moving from merely providing shopping spaces to offering high-quality living and service experiences [2][3]. - The inclusion of sports venues supports the national strategy for public fitness and expands new spaces for sports consumption, aligning with government efforts to enhance financial support for the sports industry [3][4]. Group 3: Commercial Office Facilities - The list allows independent commercial office facilities to issue REITs for the first time, which aligns with international REIT market practices and is a cautious decision based on China's national conditions [4][5]. - This move is expected to significantly expand asset scale and attract a broader range of investors, while also providing stable operating spaces and quality business environments for the real economy [4][5]. Group 4: Urban Renewal Facilities - Urban renewal facilities have been included as an independent category, providing strong financial support for national urban renewal strategies [5]. - The introduction of infrastructure REITs is seen as a solution to challenges such as large investment scales and long recovery periods in urban renewal projects, promoting a sustainable operational model and enhancing the long-term vitality of updated areas [5].

◎新华社北京12月2日电 临近岁末，回看2025这一年，面对外部环境急剧变化，不确定性增加，中国经济始终顶风搏浪、奋力向 前—— 全年经济总量有望达到140万亿元，世界第二大经济体的地位巩固提升。消费作为经济增长的主引擎作 用进一步凸显，实体经济根基更加稳固，国际市场布局持续优化，不断夯实中国经济稳健发展基本盘。 "十四五"临近收官，"十五五"即将开篇。在以习近平同志为核心的党中央坚强领导下，中国经济的稳健 与韧性构筑起应对风险挑战的坚实底气，激发出推进高质量发展的强大信心和力量。 筑牢稳的内核 冬日西宁，总投资近730亿元的青海海南清洁能源外送基地电源项目拉开建设序幕。这是青海继"青电入 豫""青电入桂"之后的第三条绿色能源通道。 这一年，纵使国际环境复杂多变，不确定性加剧，中国经济仍承压而上，以坚实的"稳"持续为世界经济 发展提供动能。 看经济增长：前三季度国内生产总值（GDP）同比增长5.2%，比上年同期加快0.4个百分点。10月份规 模以上工业增加值、社会消费品零售总额等主要经济指标表现良好。 看就业物价：10月份全国城镇调查失业率为5.1%，比上月下降0.1个百分点，全国居民消费价格指数 （CPI） ...

Core Viewpoint - China's economy is expected to reach a total economic output of 140 trillion yuan in 2025, solidifying its position as the world's second-largest economy, with consumption playing a crucial role in driving growth [1][2]. Economic Stability - In the first three quarters of 2025, China's GDP grew by 5.2% year-on-year, an acceleration of 0.4 percentage points compared to the previous year [2]. - The urban unemployment rate in October was 5.1%, a decrease of 0.1 percentage points from the previous month, while the Consumer Price Index (CPI) rose by 0.2% year-on-year, indicating overall price stability [2]. - China's foreign exchange reserves reached $33,433 billion by the end of October, reflecting a historical high in import and export volumes [2]. Policy Measures - The Chinese government has implemented a series of policies aimed at stabilizing employment, businesses, markets, and expectations, which have shown positive effects on economic stability [3]. - Major financial institutions, including Goldman Sachs and Deutsche Bank, have raised their growth forecasts for China's economy, highlighting its resilience and contribution to global economic stability [3]. Innovation and Growth - Significant advancements in quantum computing and the establishment of a quantum technology industry ecosystem are emerging as new growth points for the economy [4][5]. - The manufacturing sector remains robust, with the added value of equipment manufacturing accounting for over 35% of industrial output, and the energy transition is accelerating with one-third of electricity coming from green sources [8]. Consumption and Market Dynamics - Recent policies aim to enhance the adaptability of supply and demand in consumer goods, promoting a virtuous cycle of consumption upgrade and industrial upgrade [9]. - The focus on creating a unified national market and reducing logistics costs is expected to further stimulate domestic consumption [9]. Future Outlook - The 20th Central Committee emphasized the importance of achieving economic and social development goals, with a continued focus on high-quality development as the central theme for the next five years [10]. - Foreign investments in China are increasing, with significant projects launched by international companies, reflecting confidence in China's economic prospects [13].

证券日报网讯 12月2日，顺发恒能（000631）在互动平台回答投资者提问时表示，公司致力于清洁能源 的开发与运营，将持续学习国家相关政策、行业新兴知识等，并开展多类型的能源业务。 ...

Core Insights - Jiangsu Province's Jinhu County is exploring the transformation of "green mountains and clear waters" into "golden mountains and silver mountains," focusing on ecological industrialization and industrial ecology [1] - The county has established multi-level green factories, with over 90% of its clean energy generation and more than half of its manufacturing sector being green and low-carbon [1] - The approach has led to recognition as a model for converting ecological value into economic output, achieving high-quality development [1] Group 1 - The concept of "green mountains and clear waters" is often limited to tourism development, which can restrict the full potential of ecological resources and lead to diminishing ecological benefits due to homogenization [1] - A multi-dimensional transformation system is necessary to continuously realize the development dividends from ecological value, moving beyond a singular focus on tourism [2] - The core of ecological value lies in its systematic empowerment, which supports high-end product premiums and sustainable development [2] Group 2 - Traditional industries' green upgrades and the cultivation of emerging ecological industries are crucial for realizing ecological value, broadening the channels for its realization [2] - Strengthening mechanisms and establishing a market-oriented ecological product trading system are essential for quantifying and realizing ecological value [2] - The integration of ecological value into economic accounting systems through dual assessment mechanisms can guide local governments to focus on diverse transformation paths [3] Group 3 - The ecological industry requires significant upfront investment and long return periods, necessitating policy guidance and technological support to activate the internal motivation for ecological value transformation [3] - Establishing special funds and developing financial products like ecological asset credit loans can address financing challenges in the ecological industry [3] - The relationship between "ecological beauty" and "economic value" is interdependent, and both must be harmonized to benefit broader livelihoods and achieve organic unity in ecological and economic development [3]

Core Viewpoint - Shudao Equipment plans to establish a 2 billion yuan gas industry equity investment fund to enhance its strategic development and optimize its industrial layout, focusing on hydrogen energy, LNG, and industrial gases, which are high-growth sectors [1][2] Group 1: Fund Establishment - The fund will be jointly established with Shudao Chanquan (Sichuan) Private Fund Management Co., Ltd. and Shudao (Sichuan) Equity Investment Fund Co., Ltd. [1] - The fund aims to achieve deep synergy between industry and capital, targeting high-growth sectors such as hydrogen energy, LNG, and industrial gases [1] Group 2: Strategic Alignment - The establishment of the fund aligns with national strategies for energy structure transformation and the optimization of state-owned capital [1] - The fund will provide strong financial support for Shudao Equipment's investment and acquisition activities, facilitating the integration of quality assets within the industry [2] Group 3: Business Expansion - The fund's establishment will help Shudao Equipment build a comprehensive platform for industrial gases, clean energy, and hydrogen energy, expanding its business boundaries and investment landscape [2] - The company aims to enhance its core competitiveness and create new profit growth points through this strategic move [2]