Core Viewpoint - The State Council has approved a comprehensive reform pilot for the market-oriented allocation of ten factors in selected regions, aiming to enhance the efficiency of resource allocation and promote a high-level socialist market economy [1][2][3]. Group 1: Pilot Regions and Objectives - The pilot regions include Beijing's urban sub-center, key cities in southern Jiangsu, Hangzhou-Ningbo-Wenzhou, Hefei metropolitan area, Fuzhou-Xiamen-Quanzhou, Zhengzhou, Changsha-Zhuzhou-Xiangtan, nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area, Chongqing, and Chengdu [1][3]. - The implementation aims to break down institutional barriers that hinder the free flow and efficient allocation of production factors, ensuring equal legal protection for various ownership economies [2][3]. Group 2: Focus Areas of Reform - The reforms will focus on technology, land, human resources, data, and capital factors, enhancing the collaborative allocation efficiency of these elements [5][6]. - Each region will adopt differentiated approaches based on local conditions, such as promoting digital transformation in southern Jiangsu and supporting the construction of a global wealth management center in Beijing [5][6]. Group 3: Responsibilities and Coordination - Provincial governments are tasked with taking primary responsibility for the implementation, ensuring that reforms are tailored to local needs and new business developments [6][10]. - The National Development and Reform Commission will oversee coordination and guidance, aiming to summarize and promote replicable experiences from the pilot projects [11][10]. Group 4: Specific Measures and Innovations - The pilot in Beijing will accelerate the construction of a global wealth management center and support the development of financial institutions [25][15]. - Southern Jiangsu will focus on digital transformation, establishing a digital industry system centered on the Internet of Things [5][30]. - The reforms will also explore innovative financing methods, such as knowledge property pledges and technology insurance, to facilitate technology transfer and commercialization [16][24].

Core Viewpoint - The article discusses the release of the "Basic Rules for the Long-term Electricity Market (Draft for Public Comments)" by the National Development and Reform Commission, emphasizing the promotion of inter-provincial and intra-provincial electricity trading, the establishment of new market participants, and the development of a market-driven pricing mechanism. Group 1: Market Structure and Participants - The long-term electricity market will include new types of operators such as energy storage companies, virtual power plants, load aggregators, and smart microgrids [2][4] - New operators will have equal market status with other operators and will bear related costs fairly according to regulations [4][39] - Independent energy storage will participate in trading as a power generation entity during discharge periods and as a power user during charging periods [5][39] Group 2: Trading Mechanisms and Pricing - The pricing mechanism for the long-term electricity market will be market-driven, with third-party interference prohibited, and green electricity trading prices will consist of energy prices and environmental values [8][46] - Contract prices can be fixed or linked to monthly coal-electricity price indices or spot market averages [9][47] - The market will gradually align monthly and shorter-term trading limits with spot market limits [10][47] Group 3: Trading Organization and Execution - Cross-regional electricity trading will be organized by the Beijing and Guangzhou electricity trading centers, while intra-provincial trading will be organized by local electricity trading institutions [49][50] - The market will operate continuously on a daily basis, with trading announcements made in advance to inform participants of key parameters [48][50] - The trading platform will support various functions including market registration, transaction declaration, market clearing, and information disclosure [27][79] Group 4: Green Electricity Trading - Green electricity trading will include both cross-regional and intra-regional transactions, ensuring that the environmental value of green electricity is traceable [59][60] - Participants in green electricity trading must establish agency relationships with electricity users and ensure that the demand for green electricity is fully associated with the respective users [61][62] Group 5: Risk Management and Compliance - The article emphasizes the need for a risk prevention mechanism to ensure the stable operation of the electricity market and protect the legal rights of market participants [81] - Market participants are required to adhere to the rules and regulations to prevent market manipulation and protect the interests of all members [24][25]