China’s Ministry of Industry and Information Technology and nine other ministries issued a 15th Five‑Year plan for SME development with market‑relevant targets to 2030. Key objectives: cumulative per‑capita operating revenue for above‑designated‑size SMEs up about 15% by 2030; internal R&D spending in above‑designated‑size industrial SMEs to grow >8% annually; a stock of 22,000 specialized “little giant” SMEs and 600 national SME industry clusters; digital‑intelligence targets for specialized SM

2026-09-03

China’s Ministry of Industry and Information Technology and nine other ministries issued a 15th Five‑Year plan for SME development with market‑relevant targets to 2030. Key objectives: cumulative per‑capita operating revenue for above‑designated‑size SMEs up about 15% by 2030; internal R&D spending in above‑designated‑size industrial SMEs to grow >8% annually; a stock of 22,000 specialized “little giant” SMEs and 600 national SME industry clusters; digital‑intelligence targets for specialized SMEs with level‑2 adoption ≥95% and level‑3 ≥80%; measurable gains in energy and resource use efficiency; a strengthened national SME service network and roughly 50 China‑foreign SME cooperation zones; establishment of a long‑term mechanism to prevent and resolve overdue payments to SMEs; and further broadening of diversified financing channels.

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2026-09-03

CITIC Securities says September allocations should center on three themes: defensive core positions — dividend/high‑yield, low‑volatility equities and gold as a stagflation hedge; structural offense — A‑share resources and hard‑tech names with strong earnings visibility; and a US equity rotation from crowded hardware bottleneck stocks into cloud providers, software applications, compute leaders and semiconductor equipment. The report flags potential opportunities in dollar‑liquidity‑sensitive as

2026-09-02

现货黄金向上触及4360美元/盎司,日内涨0.73%。