自由贸易区是指在一国或地区境内设立的、以特殊政策支持对外贸易和投资便利化的区域。在这些区域 内，政府通常会提供税收优惠、简化行政审批、放宽外资准入等措施，以吸引企业入驻并促进跨境经济 活动。自贸区的核心目标是推动贸易自由化、投资便利化和金融创新，从而提升区域乃至国家的对外开 放水平和国际竞争力。 从产业链角度看，自贸区的发展带动了多个领域的协同进步。首先是物流与港口运输业，由于自贸区往 往毗邻重要港口或交通枢纽，货物集散效率大幅提升，仓储、航运、多式联运等相关环节获得显著增长 动力。其次是金融服务体系，包括跨境结算、贸易融资、外汇管理便利化等业务，在自贸区政策支持下 得以创新和拓展，为实体经济提供更高效的资本支持。 制造业尤其是高端制造和加工出口型企业也是主要受益者。依托"一线放开、二线管住"的监管模式，企 业可在区内开展保税加工、转口贸易和全球分拨，有效降低运营成本，提升国际订单承接能力。同时， 信息技术、研发设计、检测维修等生产性服务业随之集聚，形成上下游联动的服务生态。 此外，跨境电商、数字贸易等新兴业态在自贸区中快速发展。通过试点新型监管模式和数据流动机制， 企业能够更便捷地开展全球电商业务，推动消费 ...

黄奇帆 中国国家创新与发展战略研究会学术委员会常务副主席、重庆市原市长 近日，重庆市原市长黄奇帆在2025·青岛创投风投大会上发表了题为《围绕生产性服务业投早投小投长期》的主题演讲。 黄奇帆认为，从国际衡量资本市场成熟度的指标来看，我国资本市场仍有较大的成长空间，把资本市场搞好也是我国推动金融强国建设的一个核心内容。 中国的资本市场总量今年初是70多万亿人民币，现在已经达到100万亿。中国GDP今年会达到140万亿。 我们的资本市场目前占GDP比例只有70%，还有 较大的成长空间。 我们即将进入到十五五规划和2040远景目标期。到2040年中国GDP会翻一番，按不变价格核算，从现在的约140万亿增长到280万亿。如果按可变价核算， 到2040年中国的GDP总量会达到350万亿左右。如果股票市场占GDP的100%-120%， 意味着15年后我国股票市场总量有可能在400万亿左右，较现在100万 亿的水平翻两番。 这是我国发展金融强国的内在目标之一。我们应该在15年后让国民经济的证券化率达到100%，这是推动金融强国建设的一个核心内容。它可以推动社会 资源优化配置，包括支持高科技独角兽企业健康发展；促进老百姓多渠 ...

调研服务持续推进，企业培育稳步推进。今年累计调研走访服务业各行业企业或项目30余家，召开3次 市级服务业领域企业纾困解难座谈会，为企业排忧解难，提振企业发展信心。围绕企业难题形成服务业 企业问题会办清单，将矛盾问题清单化、压实责任部门、明确办结时间，闭环式解决企业发展难题。上 半年累计培育规上限上纳统的服务业企业13家，为下半年全市服务业发展提供支撑。 下一步，泰兴市将持续聚焦服务业提质增效，进一步推动生产性服务业与先进制造业深度融合，加速新 兴服务产业集群培育，同时深化文体旅商融合创新，优化企业服务保障机制，不断激发服务业发展内生 动力，以服务业的高质量发展持续领跑区域经济，为全市经济社会发展注入更持久的动能。唐亚徐可 文体旅融合发展，消费引擎强劲发力。上半年，实现社会消费品零售总额达187亿元，同比增长7.3%， 增幅位列泰州第二，其中文化娱乐健康类、居住类商品消费分别同比激增25.4%、23.8%。今年以来， 泰兴专注于文、体、旅、商深度融合，探索文体旅消费新路径，成功举办"筝心飞扬.共绘泰兴"风筝交 流展示活动、凤栖奥莱."林间寻音国风春颂"主题森林音乐会、泰兴"森林音乐会.苏超之夜"等大型文体 旅融 ...

Core Viewpoint - The article emphasizes that China's capital market has significant growth potential, as indicated by the ratio of total market capitalization to GDP, which currently stands at 70%, suggesting room for expansion [6][11]. Group 1: Capital Market Maturity - A hard indicator for assessing a country's capital market maturity is the ratio of total market capitalization to GDP, ideally between 1:1 and 1:1.2. A ratio below 1:1 indicates underdevelopment, while a ratio above 1:1.2 suggests potential bubbles [6]. - China's capital market total was over 70 trillion RMB at the beginning of the year and has reached 100 trillion RMB, with a GDP of approximately 140 trillion RMB, resulting in a market-to-GDP ratio of 70% [6][11]. - By 2040, China's GDP is projected to double, potentially leading to a stock market total of around 400 trillion RMB if the market-to-GDP ratio reaches 100%-120% [6][11]. Group 2: Investment Strategies - The article advocates for early, small, long-term investments in hard technology, aligning with recent government encouragement for venture capital and private equity to adjust their investment focus [7][8]. - Currently, about 40% of the total 30 trillion RMB in venture capital is invested in low-risk fixed-income assets, which distorts the intended investment direction [7]. - The ideal investment approach should start at the early stages of company development, focusing on transformative investments as companies grow [8]. Group 3: Productive Service Industry - The productive service industry is crucial for driving innovation and efficiency in manufacturing, serving as a foundation for high-value unicorn companies [9][12]. - This sector includes ten major categories, such as hard technology R&D, logistics, supply chain finance, and digital services, which are essential for enhancing productivity and economic growth [9][10]. - The productive service industry has shown a significant growth rate of 12.1% from 2021 to 2023, outpacing other sectors and contributing to GDP growth [10][12]. Group 4: Unicorn Companies and Investment Focus - The article highlights that many unicorn companies globally are rooted in the productive service industry, with a significant portion of their market value derived from this sector [12][13]. - Major tech companies like Apple and Microsoft exemplify how productive service industries can drive high margins and value creation, often outsourcing manufacturing while controlling the service aspects [13][14]. - Investment should target various categories of productive service companies, including small specialized firms and established leaders in the sector, to foster growth and innovation [15][17].

将生产性服务业作为"投硬科技"的重要方向。 日前，重庆市原市长黄奇帆在"2025·青岛创投风投大会"上表示，我国即将进入"十五五"规划和2040年远景目标期，应该看到，生产性服务业是高质量经济 发展的关键所在，更要对生产性服务业具有GDP的增长极、独角兽的增长极、高附加值装备和终端产品价值增长极的功能有充分的认识。 此前，黄奇帆曾在多个场合呼吁重视发展生产性服务业，强调提高生产性服务业占GDP比重的多重意义。在最新演讲中，他建议，作为我国资本市场发展的 重要力量，以风投、创投为主的各类产业基金不仅要"投早、投小、投长"，更应该将生产性服务业作为"投硬科技"的重要方向。 "还有30%左右的资金是投在比较晚的跟投方面。往往企业上市前或已经上市，大家会找各种机会跟投。这属于风险不那么大，且有一定的股权投资内涵的 投资。"他认为，真正"投早、投小、投长"应该是在"青萍起于微末"的"0～1"阶段就开始投资，到"1～100"阶段又有各类转化性投资，等到产业成型的"100～ 100万"阶段有更多的跟投。"这类投得比较好的、特别跟独角兽企业有关的投资，大体占30万亿元各类基金的30%左右。总体上现在情况在好转。"黄奇帆 称。 ...

Core Viewpoint - The core viewpoint emphasizes the importance of investing in productive service industries, particularly in hard technology, as a means to foster high-tech enterprises and drive economic growth [2][3][4]. Summary by Sections Productive Service Industry - The productive service industry provides intermediate services to other sectors, indirectly promoting economic growth by enhancing production efficiency and resource allocation [2][3]. - This industry includes logistics, ICT services, financial services, R&D, human resources, and legal services, among others [2]. Economic Impact - The productive service industry is a key driver of innovation and profit in manufacturing, contributing significantly to GDP growth [3][4]. - In the U.S., the share of productive service industries in GDP increased from 10% in 1950 to 48% in 2023, while in China, it rose from 10% in 1980 to approximately 30% in 2024 [3][4]. Growth Rates - The average annual growth rate of the productive service industry from 2021 to 2023 was 12.1%, significantly outpacing the overall GDP growth rate of around 5% during the same period [4]. - This sector has been identified as crucial for local GDP growth, with a focus on high-tech industry development [4]. Unicorn Companies - Many unicorn companies are formed within the productive service industry, which is a major growth driver in the U.S. stock market, accounting for 30% of its total market value [5][6]. - Major tech companies like Apple and Microsoft are seen as chain-head enterprises in the productive service industry, leveraging their services to generate substantial profits [5][6]. Investment Recommendations - Investment funds should focus on five types of productive service enterprises: small and specialized firms, leading companies in the sector, hybrid firms like Haier, industrial internet platforms, and chain-head enterprises [8][9][10]. - Early, small, and long-term investments in these companies are recommended to foster the emergence of new trillion-dollar market cap companies in China [10].

Core Viewpoint - The emphasis on "early, small, long-term, and hard technology" investments in the productive service industry is crucial for promoting financial strength and nurturing high-value unicorn companies in China [3][4]. Group 1: Market Potential - The current total market capitalization of China's capital market is approximately 100 trillion yuan, which is about 70% of the GDP of around 140 trillion yuan, indicating significant growth potential [3]. - By 2040, China's GDP is projected to reach 350 trillion yuan, with the capital market's total market capitalization expected to reach 400 trillion yuan, potentially quadrupling from current levels [3]. Group 2: Investment Strategy - The total amount of various funds, including venture capital and private equity, is close to 30 trillion yuan, with 40% currently invested in low-risk monetary funds and fixed-income bonds, which distorts the investment direction [3][4]. - True investment in hard technology should begin at the early stages (0-1 phase) and continue through various stages of development, ensuring a steady flow of capital from A, B, to C rounds [4]. Group 3: Role of Productive Service Industry - The productive service industry is identified as the driving force for innovation in manufacturing, encompassing ten categories including core technology R&D, logistics, supply chain finance, and digital services [4][5]. - This sector is not only a service provider for manufacturing but also a critical environment for the growth of high-value unicorn companies, relying primarily on innovation and talent rather than traditional resource inputs [5]. Group 4: Focus Areas for Investment - Venture capital and private equity should concentrate on five categories within the productive service industry: specialized small and medium enterprises, top 50 professional service companies, hybrid manufacturing firms, industrial internet platforms, and leading companies like Apple and Microsoft [6]. - By adhering to the "early, small, long-term" investment strategy, these funds can support the development of these enterprises, fostering the emergence of high-value unicorns and contributing to the overall prosperity of China's stock market and economy [6].

Core Viewpoint - The emphasis is on promoting investment in productive service industries through early, small, long-term, and hard technology investments to foster the development of high-value unicorn companies and contribute to building a strong financial nation [1][2]. Group 1: Market Potential - The current total market capitalization of China's capital market is approximately 100 trillion yuan, which is about 70% of the GDP of around 140 trillion yuan, indicating significant growth potential [1]. - By 2040, China's GDP is projected to reach 350 trillion yuan, with the total market capitalization expected to double to 400 trillion yuan, achieving a securities rate of 100% [1]. Group 2: Investment Strategy - The total amount of venture capital, private equity, and various industry funds is close to 30 trillion yuan, with 40% currently invested in low-risk monetary funds and fixed-income bonds, which distorts the investment direction [2]. - Only about 30% of the funds are invested in early-stage unicorn companies, highlighting the need for a shift towards early, small, and long-term investments in the initial stages of company development [2]. Group 3: Role of Productive Service Industry - The productive service industry is identified as a crucial driver for innovation in manufacturing, encompassing ten categories including hard technology R&D, logistics, supply chain finance, and digital services [2]. - This sector is essential for enhancing labor productivity and generating high-value-added products, relying primarily on innovation and talent rather than traditional resource inputs [2][3]. Group 4: Focus Areas for Investment - Venture capital and private equity should concentrate on five categories within the productive service industry: specialized small and medium enterprises, top 50 professional service companies, hybrid manufacturing firms, industrial internet platforms, and leading companies like Apple and Microsoft [3]. - Supporting these enterprises through early, small, and long-term investments is expected to stimulate the emergence of high-value unicorn companies and promote overall prosperity in China's stock market and economy [3].

Core Viewpoint - The National Market Supervision Administration has issued guidelines to accelerate the digitalization of quality certification, leveraging AI and big data to enhance the credibility of agricultural products, smart products, and digital services [1][2]. Group 1: Goals and Timeline - The guidelines set specific goals in two phases: by 2030, to improve the top-level institutional design for quality certification digitalization and establish digital evaluation rules; by 2035, to fully develop a clear and innovative quality certification digital technology system [2]. Group 2: Focus Industries - The digital certification will initially focus on industries such as industrial internet, smart manufacturing, green low-carbon initiatives, and industrial software, promoting the transition from traditional to smart and green manufacturing [3]. - In agriculture, the guidelines encourage integrating quality certification into smart farms and fisheries, enhancing intelligent perception, precise control, and full-chain traceability management [3]. - The service sector will also be targeted, with a focus on creating a systematic service certification support system for education, healthcare, elderly care, smart cities, digital communities, and fintech [3]. Group 3: Consumer Experience - The ultimate goal of digital quality certification is to make trust transmission more efficient and consumer choices simpler, allowing consumers to scan a QR code to access comprehensive information about a product's supply chain [4]. - This system aims to eliminate concerns about product origins and quality, providing transparency through a single code that reveals all relevant information [4].

他坦言，虽然目前中国制造业增加值占全球比重近30%，但与制造业强相关的生产性服务业却相对滞 后，生产性服务业增加值占GDP(国内生产总值)的比重和欧盟、美国相比，还存在一定差距。此外，中 国的服务贸易也存在结构、比例与世界尚不同步的问题。 他说，培育新质生产力，除了要增加中国服务业占GDP的总体比重外，更要增加生产性服务业占整个服 务业的比重，力争在2035年使生产性服务业占服务业比重达到60%左右，占GDP比重达到35%以上。同 时，要提升服务贸易占全部贸易总额的比重，着力提升高端制造中服务价值的比重，促使一大批终端制 造产品内嵌的服务附加值达到总价值的50%以上。(完) （文章来源：中国新闻网） 中新社北京9月19日电 (记者刘亮)中国国家创新与发展战略研究会学术委员会常务副主席黄奇帆19日表 示，发展新质生产力，首先要把生产性服务业搞上去。 "现代化进程中的新质生产力"国际研讨会当天在北京举行。黄奇帆在会上表示，制造业是一个社会发展 的重要脊梁。高质量的制造业，一定伴随着发达的生产性服务业。 他认为，培育发展新质生产力重在发展技术密集、数据密集和人才密集的生产性服务业，如研发设计、 人力资源、现代金融、 ...