转自：新华财经 新华财经北京1月4日电（记者侯晓敏） 当前，我国正处于"十四五"规划收官与"十五五"规划谋篇布局 的关键节点，信托行业历经深度调整后，站在了回归本源、重塑价值的新起点。近日，光大兴陇信托有 限责任公司党委书记、董事长王罡就"十五五"时期行业发展机遇、信托公司服务国家战略路径及企业转 型方向等话题，接受新华财经专访。 问："十五五"时期是我国经济社会发展的重要阶段，您如何看待这一时期的特殊意义？对信托行业而 言，将带来哪些影响？ 王罡："十五五"时期在基本实现社会主义现代化进程中具有承前启后的重要地位，是基本实现社会主义 现代化夯实基础、全面发力的关键时期，兼具发展阶段的攻坚性、外部环境的复杂性与内在需求的迫切 性。从发展阶段看，我国正全力推进发展方式转变、经济结构优化、增长动力转换；从外部环境看，全 球百年未有之大变局加速演进，国际环境的不稳定性、不确定性显著增加；从内在需求看，人民群众对 美好生活的追求更加迫切，对高质量发展的期待持续提升，做好这五年的规划与实施工作，对国家长远 发展意义重大。 对信托行业来说，这一时期既是机遇也是挑战。一方面，建设现代化产业体系、推进科技自立自强、促 进区域 ...

当前，我国正处于"十四五"规划收官、"十五五"规划谋篇布局的关键历史节点。党的二十届四中全会为 未来五年经济社会发展擘画了宏伟蓝图，也对金融工作提出了更高要求。信托行业作为金融体系的重要 组成部分，在经历了深度调整与规范整顿后，正站在回归本源、重塑价值的新起点。《关于加强监管防 范风险推动信托业高质量发展的若干意见》《信托公司管理办法》等政策的出台，标志着行业制度性重 构的开启。在此背景下，学习贯彻全会精神，把握"十五五"机遇，应对严峻挑战，实现高质量发展成为 信托公司的必要任务。 近日，光大兴陇信托有限责任公司党委书记、董事长王罡就学习宣传贯彻党的二十届四中全会精神、信 托行业"十五五"发展方位及公司转型重生等话题，回答媒体提问。 问：党的二十届四中全会明确了"十五五"时期经济社会发展的指导思想与目标任务。您如何理解"十五 五"时期的特殊重要性？这对信托行业意味着什么？ 对信托行业而言，这意味着巨大的机遇与全新的要求。一方面，建设现代化产业体系、加快科技自立自 强、促进区域协调发展、推动绿色转型、增进民生福祉等国家战略，为信托公司服务实体经济、发挥制 度优势提供了无比广阔的舞台。另一方面，监管层面对行业"回 ...

故事的主角之一，是一家名为诚泰的产业资产管理机构。与印象中传统的金融机构不同，诚泰选择了一 条更需要耐心的长路：不只提供资金，更深入产业链条，成为"懂产业、懂需求，也懂金融"的连接者。 在华东某所顶尖高校的实验室里，一排排崭新的数字化设备正悄然改变着教学与科研的样貌。学生们通 过虚拟仿真平台完成精密实验，教师依托智能系统开展跨学科研究——这座数字化实验室的顺利落地， 隐藏着一个关于产业与金融深度相融的故事。 缘起：一个痛点，两种视角 时间回到2025年初，国内某知名信息化服务商成功中标一所985高校的数字化平台实验室项目。该公司 的负责人却面临着一个困境：项目需要垫付采购大量硬件设备，而高校的回款周期较长，这笔资金压力 可能意味着项目推进缓慢，甚至错失发展窗口。 另一边，始终关注教育产业发展的诚泰团队，敏锐地捕捉到了这个行业普遍性痛点。"我们看到的不仅 是一个融资需求，更是一个让好技术真正落地的机会。"基于对教育信息化趋势的深度研判和对该信息 服务公司专业能力的认可，诚泰提出了一个量身定制的解决方案：以供应链金融方式介入，专项支持项 目设备的采购与交付。 破局：从"资金支持"到"流程共建" 诚泰并未将自己定位 ...

海仲集团供应链金融对产业协同发展的促进作用 海仲集团的供应链金融业务对产业协同发展起到了积极的促进作用。通过优化供应链中的资金流动，集团提高了整个供应链的效率和效能，促进了产业链上 企业之间的协同合作。 一方面，供应链金融解决了供应链上中小企业的融资难题，促进了中小企业的发展。中小企业是产业链的重要组成部分，但由于其规模较小、信用等级较 低，往往难以获得银行等金融机构的融资支持。而海仲集团的供应链金融服务为中小企业提供了新的融资渠道，让它们能够获得足够的资金来扩大生产、研 发新产品和拓展市场。例如，在一些高科技产业供应链中，中小企业往往是创新的主力军，但由于资金短缺，它们的创新能力受到了限制。通过供应链金融 的支持，这些中小企业可以加大研发投入，提高产品的科技含量和市场竞争力，从而为整个产业链的升级和发展做出贡献。 另一方面，供应链金融促进了产业链上企业之间的信息共享和合作。在供应链金融模式下，企业之间的交易信息更加透明，物流、信息流和资金流更加顺 畅。这使得企业之间可以更好地了解彼此的需求和能力，实现资源的优化配置和协同合作。例如，在一些农产品供应链中，通过供应链金融平台，农民可以 及时了解市场需求信息，调 ...

作者：凯风 又一个历史性时刻来了。 12月18日，海南自贸港正式启动全岛封关运作，实施以"'一线'放开、'二线'管住、岛内自由"为特征的制度。 这是继1988年海南建省、设立经济特区，2009年获批国际旅游岛，2018年获批全岛自贸区后的又一大机遇。 大定位带来大发展，海南会否成为下一个香港？ 01 中国最大自贸港，为何是海南？ 作为世界最高水平的开放形态，自贸港历来是开放高地和经济高地，中国香港地区、新加坡、迪拜、鹿特丹为佼佼者。 作为后来者，海南自贸港虽起步不久，但覆盖全岛，面积8倍于迪拜、31倍于香港、46倍于新加坡，堪称中国乃至全球最大自贸港。 以海南为试验田，与改革开放初期以深圳为试验田，1990年代以浦东为试验田，具有类似背景。 值得一提的是，海南自贸港还是唯一的中国特色自由贸易港，肩负探路重任。 过去10多年来，从上海到广东再到江浙，自贸区层出不穷，为何最终海南拿下自贸港？ 区位很关键。作为我国第二大岛和最大经济特区，海南是相对独立的地理单元，具备成为改革开放试验田的独特优势。 全岛自贸港，能带来什么好处？ 封关不是封岛，而是打造特殊的"境内关外"海关监管区域，以"一线放开，二线管住"为特征。 ...

近日，日照银行进一步丰富供应链金融应用场景，与鲁商集团开展合作，作为首家直连"鲁商信"平台的 金融机构，为鲁商旗下银座电器、银座配送等上游多级供应商，累计提供应收账款融资1.2亿元，赋能 商业产业链高质量发展。 "鲁商信"是鲁商集团基于核心企业应付账款开具的应收账款电子凭证。日照银行深度融入鲁商集团供应 链体系，精准对接商业产业链的支付结算及融资需求，与鲁商产融旗下易通保理协同联动，实现日照银 行"黄海之链"供应链金融服务平台与"鲁商信"平台直连互通，是首家直连的金融机构。鲁商集团成员企 业向供应商付款时签发"鲁商信"，供应商即可线上直接向日照银行申请融资，全流程线上化操作，高效 实现"小时贷"。日照银行济南分行已率先通过该业务模式，为鲁商集团多家上游供应商提供支付结算和 融资支持，资金周转效率显著提升，精准缓解了上下游中小企业的经营资金压力，为商业产业链稳定运 行和持续发展提供了有力支撑。 目前，日照银行正加快推进与鲁商集团商业产业链的全面深入合作，依托鲁商集团供应链生态积累的订 单、物流、仓储等数据，探索开展"脱核链贷"业务模式，构建多维度准入规则和风控模型，打造鲁商集 团上下游链属企业自动授信业务模式； ...

Core Viewpoint - Mergers and acquisitions (M&A) are driving new productive forces in the industry through a "three-wheel drive" model of capital empowerment, industrial integration, and technological breakthroughs [1][2]. Group 1: M&A Market Dynamics - The capital market serves as the core hub for M&A, with recent regulatory reforms from the China Securities Regulatory Commission (CSRC) aimed at invigorating the M&A market [2][4]. - Policies such as the "M&A Six Articles" and "Science and Technology Innovation Board Eight Articles" are designed to guide capital towards hard technology and support traditional industries in transformation [2][4]. Group 2: Financial Institutions' Role - Financial institutions like Ping An Bank are enhancing their M&A financing capabilities, with a compound annual growth rate of nearly 30% in M&A loan scale since 2020, providing over 100 billion yuan in financing for M&A transactions [5][6]. - The focus is on supporting listed companies in industrial upgrades, overcoming key technological challenges, and facilitating cross-border M&A [5][6]. Group 3: Industry Trends and Challenges - The current M&A wave is characterized by a strong industrial drive, particularly in hard technology sectors such as semiconductors and biomedicine, aligning with the internal needs of listed companies for integration and technological upgrades [6][7]. - Companies are encouraged to adopt a dual approach of "external expansion + refined management" to enhance value through M&A and operational efficiency [8][9]. Group 4: Strategic Insights - Successful companies are those that can navigate through cycles and strategically position themselves for future growth, emphasizing the importance of targeted M&A based on core competencies [9]. - The need for effective selection of M&A targets and achieving integration synergies is highlighted as a critical challenge for listed companies [9][10].

Core Viewpoint - The article emphasizes the importance of rural revitalization in China, highlighting successful case studies and the role of Agricultural Bank in supporting these initiatives through financial services [1][18]. Group 1: Case Study of Ta Yuanzhuang Village - Ta Yuanzhuang Village, known as "China's Most Beautiful Leisure Village," has transformed from a poverty-stricken area to a thriving community with over 1.6 million annual visitors and an average income exceeding 30,000 yuan per villager [3][5]. - The village's success is attributed to innovative industrial models, including modern agriculture, rural tourism, and health care, supported by Agricultural Bank's financial backing [5][6]. - The partnership with Tongfu Group has led to the establishment of a rural revitalization demonstration park, generating over 30 million yuan in revenue in 2021 and providing stable income for villagers through job opportunities and land leasing [6][7]. Group 2: Environmental Protection in Yangshuo - In Yangshuo, the Yangshuo Deep Energy Environmental Company has effectively managed waste disposal, processing 1,000 tons of waste daily and generating 123.11 million kWh of electricity in the previous year, significantly reducing carbon emissions [9][10]. - Agricultural Bank provided crucial funding of 517 million yuan to support the establishment of this waste-to-energy facility, which has become a model for environmental protection in rural areas [10][11]. - The project has improved the local environment, enhancing the tourism experience and contributing to the overall rural revitalization efforts [11][12]. Group 3: Financial Support for Rural Development - Agricultural Bank has introduced various financial products tailored to rural development, such as "He Mei Rural Construction Loan" and "Tourism Industry Loan," to meet the specific needs of different villages [17][18]. - As of the end of Q3 2025, the bank's loans in the rural construction sector exceeded 2.4 trillion yuan, demonstrating its commitment to supporting rural infrastructure and services [17][18]. - The bank's approach includes supply chain finance for industrial upgrades, green credit for ecological protection, and loans for small and micro enterprises, ensuring a comprehensive support system for rural areas [18][19].

Core Insights - The article discusses the transformation of the commodity trading industry in China, highlighting the shift from traditional trading models to integrated supply chain management services, driven by market dynamics and the need for risk management [1][2][3]. Industry Evolution - The commodity trading sector in China was initially characterized by rapid growth and a lack of information transparency, with many traders relying on traditional "buy low, sell high" strategies for profit [2]. - The 2008 global financial crisis exposed the vulnerabilities of these traditional models, leading to significant losses for traders as commodity prices plummeted [2][3]. - Increased market transparency and competition have pressured traders to evolve, as clients now demand more than just basic supply services, seeking stability in pricing and cost control [3]. Risk Management and Transformation - The development of China's futures market has provided traders with new tools for hedging price risks, prompting many to establish risk management departments and adopt a "spot-futures" combined operational model [3][4]. - Traders have moved beyond simple hedging to create diversified risk management systems that include basis trading and options, enhancing their competitive edge [4][5]. Integrated Service Ecosystem - The integration of warehousing and logistics into the trading model has become essential for enhancing service efficiency and creating value within the supply chain [7]. - Traders are building comprehensive service systems that combine trading, warehousing, logistics, finance, and information services, transitioning from "spot-futures operators" to "integrated service providers" [7][8]. - The establishment of smart warehousing and logistics networks has improved inventory management and service delivery, while also enabling traders to offer financial services to clients [7][8]. Global Competitive Landscape - As the Chinese economy becomes more integrated into global supply chains, traders recognize the need to enhance their global resource allocation capabilities to compete with international giants [9]. - The combination of risk management through financial tools and a robust physical network has become a key strategy for traders to maintain competitiveness in cross-border trade [9]. Future Outlook - The uncertainty in the commodity market is expected to persist due to geopolitical tensions, climate change, and technological advancements, necessitating continuous innovation and adaptation by traders [10]. - By focusing on empowering the real economy and enhancing service offerings, traders can achieve sustainable growth in a complex market environment [10].

Core Viewpoint - Ping An Bank's Shanghai branch is committed to enhancing its credit investment and service capabilities to support the real economy, reflecting its role in Shanghai's high-quality development [1][3]. Group 1: Financial Strategy and Innovation - The bank focuses on being a partner in technological innovation, assessing not just collateral but also the technological potential and market prospects of enterprises [4]. - It aims to serve as a bridge for internationalization, leveraging Shanghai's status as an international financial center to provide convenient cross-border financial services [4]. - The bank positions itself as a "booster" for industrial upgrades, integrating its understanding of supply chains and green finance into its services [4]. Group 2: Organizational Reform - Ping An Bank has implemented a "stronger branch" strategy, enhancing the autonomy and comprehensive service capabilities of its branches [5]. - The bank has restructured its organizational form from "individual efforts" to "team operations," resulting in the establishment of 29 comprehensive branches, which have seen a 17.5% increase in annual revenue and a 13.5% growth in loan and deposit scale compared to the previous year [5]. - Management mechanisms have been reformed to allow for differentiated resource allocation based on the diverse market levels in Shanghai, fostering a shift from "I have to develop" to "I want to develop" [5]. Group 3: Financial Services and Market Positioning - The bank emphasizes a systematic and ecological approach to financial services, particularly in supporting new quality productivity, which is characterized by internationalization and high standards [7][8]. - It aims to be a key player in the construction of Shanghai's international financial center, acting as a converter between national strategies and market demands [8]. - The bank's strategic roles include being an executor of institutional openness, a participant in the construction of the "Shanghai price" system, and a strategic connector for dual circulation [8].