邀请函丨中信证券“谈经论策”第八季|中信证券|何宝宏|公募基金|分析师|机构投资者|王一鸣|知名企业|研究部

来源：中信证券研究

尊敬的客户，您好！

中信证券谨定于4月9日在北京举办第八届“谈经论策”论坛，诚挚邀请您拨冗莅临，与全球投资者共探大势、共话未来。

“谈经论策” 论坛由中信证券研究部宏观政策组于2018年创设，旨在汇集全球经济与政策的真知灼见，为金融界、投资界人士搭建交流平台。历经八载深耕，论坛已成为行业内极具影响力与口碑的标志性活动。本届论坛将汇聚政策制定部门与国内外顶尖智库的知名学者及权威意见领袖，围绕核心议题展开深度研讨与思想碰撞。历届论坛的重磅嘉宾还有（按出席发言年份排序）：

国家信息中心原首席经济师祝宝良，中国财政科学研究院研究员，华夏新供给经济学研究院创始院长贾康，对外经贸大学教授、博导，浙商银行首席经济学家殷剑峰，联合国国际经济学会（IEA）会士，辽宁大学党委副书记、校长余淼杰，中国财政科学研究院金融研究中心主任，研究员赵全厚，中国社会科学院学部委员，孙冶方经济科学基金会理事长高培勇，中国国际经济交流中心副理事长，国务院发展研究中心原副主任王一鸣，国务院参事，中国社会科学院金融研究所研究员尹中立，社科院国家全球战略智库国际政治研究部主任赵海，中国财政科学研究院研究员刘尚希，中国人民大学国家发展与战略研究院高级研究员、城市更新研究中心主任秦虹，中国信通院云计算与大数据研究所所长何宝宏，对外经济贸易大学国际经济研究院院长桑百川等。

当“十四五”规划收官，“十五五”规划蓝图于2026年展开新的历史篇章，我们正站在一个承前启后的关键节点。全球经济格局在经历深度调整后，新的平衡正在孕育。地缘政治演变与以人工智能为代表的科技革命交织，深刻重塑着国家竞争范式与产业增长逻辑。在此系统性重构时期，前瞻理解宏观趋势，特别是把握中国在新发展周期中的战略导向与政策脉搏，对于驾驭市场、布局未来具有至关重要的意义。

谈经论策，畅叙幽情，中信证券诚邀各位客户积极报名参加。

Dear Esteemed Guest,

CITIC Securities is pleased to host the 8th “Macro & Policy Dialogue” Forum in Beijing on April 9, and cordially invites you to join us to exchange insights with global investors on major macro trends and future opportunities.

The Macro & Policy Dialogue Forum was established in 2018 by the Macro & Policy Research Team of CITIC Securities. It aims to bring together leading perspectives on global economic and policy developments while providing a high-level platform for dialogue among professionals in the financial and investment communities. Over the past eight years, the forum has grown into one of the industry’s most influential and well-recognized flagship events. This year’s forum will convene policymakers, renowned scholars , and influential opinion leaders to engage in in-depth discussions and thought-provoking exchanges on key issues shaping the global economic landscape.

As the 14th Five-Year Plan approached its conclusion and the blueprint for the 15th Five-Year Plan begins to unfold in 2026, we stand at a pivotal moment linking past achievements with the next phase of development. Following a period of profound adjustment, the global economic landscape is gradually moving toward a new equilibrium. At the same time, evolving geopolitical dynamics and technological breakthroughs, particularly in AI, are reshaping the paradigms of national competition and the drivers of industrial growth. In this period of systemic transformation, developing a forward-looking understanding of macroeconomic trends, especially gaining insight into China’s strategic direction and policy priorities in the next development cycle, will be crucial for navigating markets and positioning for the future.

CITIC Securities warmly invites you to register and participate in the forum. We look forward to welcoming you in Beijing.

论坛日程安排

上午 · 主论坛

Morning · Main Forum

主论坛 Main Forum

丨主持人丨

玛西高娃，中信证券宏观经济联席首席分析师

09:00-09:45

“十五五”宏观经济与政策展望

The 15th Five-Year Plan Period: Macroeconomy and Policy Outlook

张晓晶，中国国家金融与发展实验室、国家资产负债表研究中心主任

Zhang Xiaojing, Director of National Institution for Finance & Development, Director of National Balance Sheet Research Center

09:45-10:30

全球地缘格局重构下的大国博弈

Power Game Under the Reconstruction of the Global Geopolitical Pattern

吴心伯，复旦大学国际问题研究院院长、美国研究中心主任，复旦大学特聘教授

Wu Xinbo, Dean of Institute of International Studies, Director of Center for American Studies, Fudan University

10:30-11:15

2026年：纵深推进更加积极的财政政策

2026: Further Advancing a More Proactive Fiscal Policy

李旭红，北京国家会计学院副院长，财政部首批税政管理人才库专家

Li Xuhong, Vice President & Professor, Beijing National Accounting Institute, Expert in the First Batch of Tax Policy Management Talent Pool, Ministry of Finance

11:15-12:00

竞争政策体系的完善及其对资本市场的影响

The Improvement of the Competition Policy System and Its Impact on the Capital Market

黄勇，对外经济贸易大学法学院教授、竞争法中心主任，北京市人大常委会委员

Huang Yong, Professor of the School of Law, Director of Competition Law Center, University of International Business and Economics, Member of Standing Committee of Beijing Municipal People’s Congress

下午 · 分论坛与闭门会议

Afternoon · Parallel Forums & Closed-Door Session

分论坛1: 全球地缘变局与中国政策选择

Parallel Forum 1 : Global Geopolitical Changes & China’s Policy Options

丨主持人丨

遥远，中信证券海外政策首席分析师

13:30-14:20

美以伊战争及其外溢影响

The US-Israel-Iran Conflict and Its Spillover Effects

田文林，中国人民大学区域国别研究院中东研究所所长，吴玉章特聘教授，中国中东学会常务理事

Tian Wenlin, Director of Middle East Institute at the School of Global and Area Studies, RUC

14:20-15:10

俄乌战争下的国际大变局

Major Global Changes Amid the Russia-Ukraine War

冯玉军，北京大学教授

Feng Yujun, Professor, Peking University

15:10-16:00

大宗商品市场的新秩序与新格局

Finding the Price Anchor Amid Geopolitical Shifts and Policy Cycles

朱子悦，中信期货研究所商品研究部总经理

Zhu Ziyue, Head of Commodities Research, CITIC Futures Research Institute

16:00-17:00

圆桌论坛：宏观政策研判与大类资产配置

Macroeconomic Policy Judgment and Strategic Asset Allocation

主持人 Host：

杨帆，中信证券宏观与政策首席分析师

Yang Fan, Chief Macro & Policy Analyst, CITICS

嘉宾 Guests：

宋葛龙，国家发改委宏观经济研究院副院长，原体改司副司长（拟邀）

Song Gelong, Vice President, Academy of Macroeconomic Research, NDRC (TBC)

明明，中信证券首席经济学家、FICC首席分析师

Ming Ming, Chief Economist & FICC Analyst, CITICS

知名公募基金投资总监（拟邀）

Public Fund Investment Director (TBC)

知名保险资管投资总监（拟邀）

Investment Director, Insurance Asset Management (TBC)

分论坛2: 科技创新驱动与新质生产力发展

Parallel Forum 2 : Scientific and Technological Innovation & Development of New Quality Productive Forces

丨主持人丨

于翔，中信证券政策研究首席分析师

13:30-14:20

加快制造业数智化转型—人工智能融合发展的新机遇

Accelerating Digital-Intelligent Transformation of Manufacturing: New Opportunities for AI Integration

张义，中国工业互联网研究院政策研究所所长

Zhang Yi, Director, Policy Research Institute, China Academy of Industrial Internet

14:20-15:10

中国未来产业发展态势怎么看？

Outlook for the Development of Future Industries in China

胡拥军，国家信息中心未来产业和平台经济研究中心秘书长

Hu Yongjun, Secretary-General of Future Industry and Platform Economy Research Center, State Information Center

15:10-16:00

科技创新赋能产业高质量发展

Scientific and Technological Innovation Empowering High-Quality Industrial Development

陈劲，清华大学经济管理学院教授、技术创新研究中心主任

Chen Jin, Professor of School of Economics and Management, Director of Research Center for Technological Innovation, Tsinghua University

16:00-17:00

中国绿色低碳经济转型的逻辑、展望与制度创新

Logic, Outlook and Institutional Innovation of China’s Green and Low-Carbon Economic Transition

张希良，清华大学核能与新能源技术研究院教授、能源环境经济研究所所长

Zhang Xiliang, Director of Institute of Energy, Environment and Economy, Professor of Institute of Nuclear and New Energy Technology, Tsinghua University

闭门会议 Closed-Door Session

丨主持人丨

田良，中信证券金融产业首席分析师

13:30-14:20

银行信贷支持经济的重点领域与前景展望

Key Areas and Prospects of Bank Credit Support for the Economy

某银行信贷部门专家

Expert from the Credit Department of a Commercial Bank

14:20-15:10

从理财和保险资产配置看股债投资机会

Investment Opportunities in Equities and Bonds from the Perspective of Wealth Management

大类资产配置专家（拟邀）