Core Insights - The economic development new momentum index for China in 2024 is projected to be 136.0, representing a 14.2% increase from 2023, indicating a significant shift towards high-quality development driven by innovation and the digital economy [1][4][10]. Group 1: Economic Resilience and Growth - In 2024, China's economy demonstrates strong resilience and vitality amidst complex internal and external environments, with the new momentum index reflecting a robust growth trajectory [4][10]. - The network economy index is particularly noteworthy, reaching 142.4 in 2024, a 16.2% increase from 2023, contributing 35.2% to the overall index growth [5][10]. Group 2: Digital Infrastructure and Consumption - By the end of 2024, the total number of 5G base stations in China is expected to reach 4.25 million, accounting for 33.6% of all mobile base stations, an increase of 4.5 percentage points from 2023 [6][10]. - The online retail sales in China are projected to reach 15.2 trillion yuan, with a growth rate of 7.2%, and the growth of physical goods online retail sales outpacing the total retail sales growth by 3.0 percentage points [6][10]. Group 3: Innovation and R&D Investment - The innovation-driven index is forecasted to be 138.5 in 2024, marking a 13.2% increase from 2023, contributing 28.5% to the overall index growth [6][10]. - Total R&D expenditure in China is expected to reach 3.6 trillion yuan in 2024, an 8.3% increase, with basic research funding growing at 10.5% [7][10]. Group 4: Economic Transformation and Quality Improvement - The economic vitality index and transformation upgrade index are projected to grow by 14.5% and 12.5% respectively in 2024, indicating a simultaneous increase in economic activity and quality [8][10]. - The proportion of non-fossil energy in total energy consumption is expected to rise by 1.8 percentage points, showcasing China's commitment to green transformation [8][10].

为深入贯彻落实党的二十届三中全会、中央经济工作会议和民营企业座谈会精神，进一步全面 深化资本市场改革，更好服务科技创新和民营经济高质量发展，近日证监会党委书记、主席吴 清在北京召开专题座谈会， 与集成电路、新能源汽车、智能制造、新材料、商业航天、网络经 济等不同领域的民营科技企业代表深入交流 ，充分听取意见建议。证监会党委委员、副主席李 超参加座谈。 欢迎有意参与者扫描下方二维码咨询申报 （请备注姓名+机构名称，以便通过验证） 。 全球母基金协会将于2025年4月9日在阿联酋举办的首届中阿投资峰会上， 重磅发布2024全 球最佳投资机构榜单、2024全球最佳投资环境城市榜单 。 来 源 / 证 监 会发 布 座谈中，大家一致认为，党中央高度重视和关心民营经济发展，习近平总书记在民营企业座谈 会上的重要讲话，进一步统一了各方思想，有力提振了民营企业发展信心。大家表示，随着 新"国九条"及"科创板八条"、"并购六条"、资本市场做好金融"五篇大文章"等"1+N"政策体 系持续落地见效，投资和融资更加协调的市场生态正在加快形成，各方预期明显改善。资本市 场作为支持科技创新和促进民营经济发展壮大的重要平台，在推动新质生 ...

Group 1 - The China Securities Regulatory Commission (CSRC) held a meeting to discuss support for private technology enterprises, emphasizing the importance of deepening capital market reforms and enhancing the inclusiveness and adaptability of the market [1][3] - The meeting was the second of its kind in March, following a previous session focused on financial support for the high-quality development of private enterprises [1][2] - CSRC Chairman Wu Qing expressed hope that private entrepreneurs would leverage the capital market for transformation and contribute to high-quality economic development [4] Group 2 - The government work report highlighted the commitment to support the development of private enterprises and protect their legal rights, while also addressing issues like overdue payments to businesses [3] - Private entrepreneurs have expressed urgent demands for reforms in stock issuance, refinancing, and merger and acquisition systems to enhance investment efficiency [3] - There is a call for improved mechanisms for identifying and supporting technology companies, as well as facilitating the return of overseas-listed tech firms to optimize the structure of listed companies [3]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is committed to deepening capital market reforms to better support technological innovation and the high-quality development of private enterprises, as emphasized in recent meetings and policies [1][2][3]. Group 1: Meeting Insights - The meeting highlighted the importance of private enterprises in the national economy and their role in driving technological innovation, with a unified sentiment among participants regarding the government's support for private economic development [2][3]. - The implementation of new policies, including the "National Nine Articles," "Science and Technology Innovation Board Eight Articles," and "Mergers and Acquisitions Six Articles," is expected to create a more coordinated investment and financing ecosystem, improving market expectations [2]. Group 2: Recommendations for Reform - Specific suggestions were made to reform and optimize stock issuance, refinancing, and merger and acquisition systems to enhance inclusivity and adaptability, thereby improving investment and financing efficiency [2]. - There is a call to improve mechanisms for identifying and supporting technology companies, particularly those that are not yet profitable, to facilitate their IPO processes [2]. - The meeting also discussed the need to support overseas-listed technology companies in returning to the domestic market, optimizing the structure of listed companies, and enriching high-quality investment targets [2]. Group 3: CSRC's Commitment - The CSRC emphasized its commitment to supporting the development of private enterprises as a key aspect of serving the real economy and fostering high-quality listed companies [3]. - The CSRC plans to enhance the transparency and predictability of market rules while developing a multi-tiered market service system to support high-quality private enterprises [3]. - The meeting encouraged private technology companies to maintain confidence and actively leverage capital markets for transformation and growth, contributing to high-quality economic development and modernization [3].