海南金融机构针对不同产业，创新产品和服务，量身定制解决方案—— 金融活水浇灌自贸港产业沃土 值得一提的是，海南天然橡胶产业集团股份有限公司在银行间债券市场成功发行3.5亿元全国农垦 首单科创票据，开创了农垦企业融资新路径。 放眼琼州，金融创新的赋能正为海南自贸港高质量发展注入源源不断的动力。 "您知道上茶山的路怎么走吗?""您看得出茶山上树龄最大的茶树是哪一棵吗?"……近日，在五指 山"茶晓满"直播间里，"90后"创业青年王婉懿正向观众热情介绍着家乡的茶园。 今年开春，邮储银行五指山市分行工作人员主动上门，向王婉懿推广政企共建的"助农云"五指山茶 叶大数据溯源平台。该平台以"移动交易支付+金融服务"为核心，赋能茶产业升级，实现了茶产业信息 化管理、交易规范与全程溯源。 "现在消费者扫描二维码就能了解茶叶从种植到加工的全过程，我们的优质茶叶终于赢得了市场认 可。"王婉懿欣喜地表示。 山海之间，金融"活水"涌动。针对不同产业，金融机构纷纷创新产品和服务，量身定制金融解决方 案。 在科技金融领域，海南金融监管相关部门引导银行机构探索适配科技企业全生命周期的金融产品服 务。譬如，中国银行海南省分行推出了"琼科贷"专项 ...

版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 在11月18日举办的第二十届中国经济论坛平行论坛——2025大湾区科技与金融创新发展大会上，证券时报社党 委书记、社长兼总编辑程国慧代表主办方致辞，深入剖析科技与金融深度融合的时代逻辑与探索实践。 程国慧指出，南沙是粤港澳大湾区这片热土上一颗冉冉升起的璀璨新星，依托得天独厚的区位优势，叠加国家 战略赋能，形成了人工智能、生物医药、高端装备等新兴产业企业集群，成为连接港澳、辐射全国、面向世界 的重要门户，为科技与金融的深度融合提供了广阔舞台。 科技创新是高质量发展的核心驱动力。党的二十届四中全会公报多次提及"科技""创新"和"新质生产力"，并鲜 明提出"加快高水平科技自立自强"的战略目标。程国慧指出，这些都充分彰显党中央对科技创新的高度重视， 也预示着"十五五"时期，我国将以更大力度推动科技引领经济发展，坚定"抢占科技制高点"的战略决心。此 外，政策层面明确要求构建与科技创新相适配的科技金融体系，则为二者的深度融合指明了清晰方向。 作为中国式现代化的关键施工图，"十五五"规划承载着实现中 ...

11月14日召开的国务院常务会议提出，要把"两重"建设放在"十五五"全局中谋划和推进，牢牢把握战略 性、前瞻性、全局性要求，强化部门协同，注重软硬结合，推动国家重大战略深入实施、重点领域安全 能力稳步提升。 "两重"是指国家重大战略实施和重点领域安全能力建设。业内人士普遍认为，银行业应立足金融主业， 从产品创新、协同机制等方面精准发力，以金融活水为"两重"建设注入持续动力。 创新金融供给 赋能新质生产力发展 近年来，为更好地支持"两重"建设，银行业突破传统信贷模式局限，推出适配"两重"项目技术研发、成 果转化的专项金融产品体系。 面向重大战略领域科技创新项目，银行业持续迭代金融产品体系、创新服务模式，为关键技术攻关与产 业升级注入精准金融动能。例如，中国银行武汉江岸支行紧扣"两重"建设导向，聚焦创新要素与无形资 产价值转化，创新知识产权质押融资模式，为国家级高新技术企业武汉市哈斯特斯科技有限责任公司提 供150万元专利质押贷款，无需固定资产抵押，以优惠利率满足其新能源汽车充电系统、电池管理系统 的研发资金需求。 工商银行浙江台州分行则聚焦高端装备制造这一重大战略领域，为当地某突破数控机床"卡脖子"技术的 头部 ...

科技创新是高质量发展的核心驱动力。党的二十届四中全会公报多次提及"科技""创新"和"新质生产 力"，并鲜明提出"加快高水平科技自立自强"的战略目标。程国慧指出，这些都充分彰显党中央对科技 创新的高度重视，也预示着"十五五"时期，我国将以更大力度推动科技引领经济发展，坚定"抢占科技 制高点"的战略决心。此外，政策层面明确要求构建与科技创新相适配的科技金融体系，则为二者的深 度融合指明了清晰方向。 作为中国式现代化的关键施工图，"十五五"规划承载着实现中华民族伟大复兴的历史使命。程国慧指 出，当前百年变局加速演进，新一轮科技革命和产业变革向纵深推进，科技与金融创新如同车之两轮、 鸟之两翼，亟须形成双向奔赴、共生共荣的良性互动。 （原标题：证券时报社党委书记、社长兼总编辑程国慧：科技与金融创新 是互促共进的"双螺旋"） 证券时报记者 卓泳 在11月18日举办的第二十届中国经济论坛平行论坛——2025大湾区科技与金融创新发展大会上，证券时 报社党委书记、社长兼总编辑程国慧代表主办方致辞，深入剖析科技与金融深度融合的时代逻辑与探索 实践。 程国慧指出，南沙是粤港澳大湾区这片热土上一颗冉冉升起的璀璨新星，依托得天独厚的区 ...

面对边疆民族地区科技型企业"融资难、融资贵"的痛点，广西百色市市场监管局（知识产权局）以知识产权质押融资为突破口，聚焦"不敢贷""对接 难""效率低"三大梗阻，创新构建"政策支撑、服务下沉、五维联动"工作体系，打通专利资产向金融资本转化的通道，推动"知产"变"资产"。截至10月底， 全市专利质押总融资额达5.23亿元，专利质押普惠贷款情况惠及企业39家，为革命老区产业升级注入强劲动力。 强化政策支撑，化解"不敢贷"困局。从政策引导和机制创新双向发力，系统破解金融机构授信顾虑。强化财金联动，有效运用金融惠企财政贴息政策工 具，通过财政贴息支持，直接降低企业融资成本，提升融资获得感。构建风险共担体系，与银行、保险机构签署多方战略协议，推出"政府贴息+风险补 偿"双重保障机制，显著提升金融机构风险容忍度。健全配套政策体系，建立知识产权质押融资"企业白名单"制度，实现融资需求与金融资源精准对接。 在百东新区同步打造"高新惠贷"业务管理平台，为中小微企业提供一站式融资服务。近年来，全市知识产权质押融资总额超11.7亿元，金融支持覆盖面持 续扩大。 推动服务下沉，疏通"对接难"脉络。以企业需求为导向，推动知识产权服务向基 ...

证券研究报告 | 宏观深度 2025 年 11 月 18 日 分析师：罗志恒 执业编号：S0300520110001 电话：010-83755580 邮箱：luozhiheng@ykzq.com 分析师：原野 执业编号：S0300523070001 电话：15810120201 邮箱：yuanye_zb@ykzq.com 近期报告 《【粤开宏观】税收赋能"十五五"：对税 收职能的思考与六点建议》2025-11-16 《【粤开宏观】压力下的突围：中国出口 韧性从何而来，能否持续？》2025-11-09 《【粤开宏观】城乡居民养老保险：为何 是福利而非保险？待遇如何提升？》 2025-11-05 《如何理解"十五五"规划建议对财政的 部署安排？》2025-11-03 《【粤开宏观】中美吉隆坡经贸磋商：谈 成什么？还剩什么？未来如何？》2025- 10-30 宏观研究 【粤开宏观】做好科技金融大文章： "十五五"时期金融如何支持科技自 立自强 摘要 "十五五"时期，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，实现高水平科技自立自强是其中的核心任务。《中共中央关于制定国民 经济和社会发展第十五个五年规划的 ...

Core Viewpoint - The forum emphasizes the development of financial hubs as areas that aggregate financial entities and play a pivotal role in capital flow, asset allocation, investment decision-making, and risk management [1][6]. Group 1: Financial Hub Development - Financial hubs are characterized as "financial platform + financial individuals" in the intelligent era, leading to a multi-polar, globalized, and technology-driven financial system [3][7]. - The evolution of financial hubs has transitioned from agricultural and industrial eras to a focus on technology in the intelligent era, where technology centers may become financial centers [6][9]. Group 2: Strategies for Hangzhou - To establish Hangzhou as a "financial platform + financial talent" hub, four strategies are proposed: 1. Focus on strengths by leveraging advantages in digital, platform, and private sectors to explore leading financial tools and products [4][10]. 2. Collaborate with existing trading venues in nearby cities like Shanghai and Shenzhen to compensate for trading center shortcomings [4][10]. 3. Build financial technology infrastructure to attract major financial resources and innovate financial systems [4][10]. 4. Create a conducive environment for financial development by fostering a stable, trustworthy business climate and a culture that embraces failure [4][10]. Group 3: Economic and Financial Interdependence - The relationship between economic and financial development is highlighted, indicating that as economies develop, financial systems also advance, and vice versa [5][11]. - The intelligent era is marked by both aggregation and dispersion in financial activities, necessitating a balanced approach to financial center spatial layout by the government [5][12].

Group 1: Talent Development Initiatives - The core idea emphasizes that talent is the primary resource for regional development, and the district is implementing various plans to enhance talent cultivation and retention [1] - The district has launched four major initiatives: "Ling Shan Plan," "Zhi Gu Plan," "Bai Hua Plan," and "Yong Ding Plan," aimed at creating a supportive environment for talent development [1] - The talent growth rate in the district is among the highest in the city's ecological conservation areas during the 14th Five-Year Plan period [1] Group 2: Business Environment Optimization - The district is focusing on improving the business environment as a key strategy to enhance regional competitiveness, with a "2+10+N" reform system set for 2025 [3] - This reform system targets both public and specialized business environments, addressing ten dimensions including market, legal, and financial services [3] Group 3: Service System Enhancements - A three-tiered government service system has been established to improve service efficiency, aiming for a 100% service item entry rate and a 100% one-stop service rate [6] - The introduction of over 1,800 consulting services and self-service terminals allows businesses to complete tasks without leaving their premises [7] Group 4: Legal and Regulatory Framework - The establishment of the "Beijing West Legal Intelligence Valley" provides comprehensive legal services for specialized and small enterprises, focusing on intellectual property and labor issues [11] - The district has expanded its "no disturbance" enterprise list to over 20,800 companies, implementing flexible regulatory measures to minimize business disruptions [13] Group 5: Support for Industry Development - A comprehensive policy framework has been developed to support high-quality growth in various industries, including technology and tourism, with a focus on expanding financing channels [19] - The opening of the "Zhongguancun (Beijing West) Artificial Intelligence Technology Park" positions the district as a key area for AI development in the city [21]

Core Insights - The People's Bank of China (PBOC) in Zhanjiang has implemented financial policies to support key sectors such as technology, green finance, inclusive finance, elderly care, and digital finance, contributing to high-quality economic development in the region [1][2][3][4][5][6][7] Group 1: Financial Support for Key Sectors - The PBOC has introduced a comprehensive action plan and guidelines to enhance financial support for Zhanjiang's economic development, resulting in a loan balance of 206.17 billion yuan, a year-on-year increase of 28.7%, the highest growth rate in the province [1] - As of August 2025, the technology loan balance in Zhanjiang reached 75.3 billion yuan, with a year-on-year growth of 34.6%, leading the province [2] - Green loans in Zhanjiang amounted to 64.86 billion yuan by June 2025, reflecting a year-on-year increase of 34.6%, ranking second in the province [3] - Inclusive finance loans reached 67.94 billion yuan by June 2025, with a year-on-year growth of 15.7%, and the number of credit villages reached 1,684, covering 100% of administrative villages [4] Group 2: Innovative Financial Products and Services - The PBOC has developed various financial products to support technology innovation, including 4.8 million yuan in re-loans for small and micro enterprises and 25.5 billion yuan in intellectual property pledge financing [2][3] - New financial products such as "Micro Quick Loan" and "Digital Transformation Loan" have been introduced to enhance financing convenience for small businesses [4][6] - The PBOC has also promoted a "Financial + Elderly Care" service model, integrating insurance and health services to support the aging population [5] Group 3: Digital Finance Development - The PBOC has leveraged digital technology to enhance financial services, issuing loans totaling 1.212 billion yuan through a credit information sharing platform for small and micro enterprises [6] - By mid-2025, Zhanjiang had opened 1.6255 million digital RMB personal wallets, with 230,000 merchants accepting digital currency, facilitating 5.5883 million transactions worth 3.62 billion yuan [7]

Core Viewpoint - The event in Zhaoqing City aims to enhance the integration of intellectual property (IP) and finance, facilitating high-quality development of the real economy, with a target GDP of 300 billion yuan for the year 2025 [1][5]. Group 1: Intellectual Property Financing - Nearly 15 billion yuan in intellectual property pledge financing was signed at the event, supporting the goal of achieving a GDP of 300 billion yuan in Zhaoqing [1]. - The event recognized several financial institutions for their significant contributions to intellectual property pledge financing from 2024 to 2025 [2]. - A total of 15 billion yuan in credit was signed for state-owned enterprises, providing strong financial support for intellectual property pledge financing [3]. Group 2: Policy and Initiatives - The launch of the Zhaoqing State-owned Enterprises Trademark Brand Development Plan aims to enhance the protection and utilization of intellectual property for state-owned enterprises [2]. - The first national "Technical Equity Loan" financing work guide was signed, providing a framework for financial institutions to assess the value of IP for technology-based enterprises [3]. - Zhaoqing's market regulatory authority has implemented various measures to promote the use of intellectual property, achieving significant results in pledge financing [5]. Group 3: Innovation and Collaboration - The event showcased successful cases of IP pledge financing, including the first highway invention patent financing and the first geographical indication IP pledge loan for southern medicine [4]. - Collaboration between universities and enterprises was emphasized, with several universities displaying patents with potential for commercialization [4]. - The integration of IP and finance is seen as a key strategy for driving technological innovation and industrial upgrading in Zhaoqing [4][6].