航天宏图公告称，经公司自查，关注到近期部分媒体等平台有涉及公司业务涉及相关热点概念的讨论。 公司所处的卫星应用行业的市场环境及行业政策未发生重大调整，公司日常经营情况和内部经营秩序正 常。从产业周期角度分析，产业链上下游存在周期性错配的风险。上游卫星发射计划的延迟或下游应用 场景拓展不及预期，可能会对公司业务推进节奏造成阶段性影响。上游方面，卫星的研制与发射涉及复 杂技术工艺，若发射失败或发射推迟，将直接阻碍卫星互联网的整体构建进程，影响相关服务的提供及 下游卫星应用市场的拓展，对公司收入贡献存在不可预见性，目前公司主营业务尚处于卫星应用阶段。 公司于2025年12月与无锡众能光储科技有限公司签署了战略合作协议，目前，双方尚未开展实质性业务 合作，公司不具备钙钛矿相关领域技术，主营业务未发生变化。公司于2023年7月与广州中科宇航探索 技术有限公司签署了战略合作协议，协议签署已过去两年半，双方尚未开展实质性业务合作。 ...

Core Viewpoint - The global monetary financial system has entered a new phase of "triple differentiation" as of January 2026, driven by the implementation of China's digital yuan (e-CNY), the U.S. GENIUS Act, and Europe's defensive alliances, marking a shift from mere payment efficiency improvements to a profound restructuring of the post-World War II Bretton Woods system [1] Group 1: China's Paradigm - The new digital yuan framework effective from January 1, 2026, signifies an expansion of monetary banking theory, transitioning from "M0 replacement" to a more financially expansive "digital deposit currency" paradigm [4] - The new framework introduces a dual balance sheet structure, where e-CNY balances are legally defined as commercial bank liabilities, allowing digital currency to participate in the fractional reserve system and enabling banks to use e-CNY as a stable source of liabilities for credit issuance [5] - The introduction of a market-based interest rate mechanism allows commercial banks to pay interest on e-CNY wallets, transforming e-CNY into a high-liquidity interest-bearing asset, enhancing its appeal for global trade partners seeking asset preservation [6] Group 2: U.S. Strategy - The U.S. GENIUS Act establishes a unique digital currency strategy by abandoning retail CBDC development and instead regulating private digital currencies to serve as digital extensions of U.S. dollar hegemony [8] - The Act mandates that compliant digital currencies maintain a 1:1 liquidity asset reserve, effectively converting global demand for liquidity into a rigid demand for U.S. Treasury securities, creating a decentralized "digital treasury bond" distribution network [8][9] - The U.S. retains control through stringent regulations on centralized issuers, allowing for immediate and irreversible actions against specific blockchain addresses, enhancing its regulatory reach [9] Group 3: Europe's Dilemma - Europe is in a defensive phase, delaying the digital euro until 2029 due to privacy concerns and legislative challenges, adopting a mixed strategy of regulatory barriers and banking alliances [10] - The MiCA regulation establishes strict localization requirements for digital currencies, driving out non-compliant offshore entities while creating space for compliant institutions [10] - The digital euro's legislative focus has shifted towards a conservative "offline-first" principle, limiting its programmability and online compatibility, while public debates continue regarding the necessity of a robust public digital euro [11] Group 4: Core Variables Reshaping Competition - Interest rate competition is emerging as a key variable, with the introduction of interest-bearing e-CNY challenging the traditional dominance of non-interest-bearing digital dollars [12] - Infrastructure is critical, with China's mBridge creating a decentralized network that bypasses traditional SWIFT structures, while the U.S. attempts to upgrade existing systems [12] - The rise of smart contracts is leading to a contest over the definition of rules, with China promoting state-defined codes and the U.S. favoring private sector standards [12] Conclusion - The year 2026 marks a significant differentiation in global digital currencies, where currency transcends mere value measurement to become an extension of state will, necessitating adaptation to these profound changes for future survival and development [13]

Group 1 - German Chancellor Merz's visit to India aims to enhance cooperation in key sectors such as critical minerals, healthcare, and AI innovation [1][3] - A significant submarine manufacturing agreement worth $8 billion is expected to be reached, involving the production of six advanced conventional submarines with air-independent propulsion systems [1][5] - The agreement reflects Germany's strategy to diversify its economic partnerships and reduce reliance on Russia for defense supplies [7] Group 2 - The visit includes a delegation of prominent German business leaders from companies like Siemens, DHL, Infineon, and Airbus, highlighting the importance of strengthening economic ties [3] - Germany is facing a labor shortage, particularly in healthcare, and is looking to India to fill gaps in the workforce, especially in nursing and IT sectors [3][4] - The bilateral trade between Germany and India is approaching $50 billion, with over 2,000 German companies operating in India and more than 700 Indian companies investing in Germany [4] Group 3 - The submarine deal is part of India's broader strategy to diversify its defense procurement, moving away from a heavy reliance on Russian military equipment [7] - The new submarines will enhance the operational capabilities of the Indian Navy, which currently operates older Russian submarines and newer French ones [6][7] - The shift in defense partnerships is influenced by geopolitical changes, particularly the impact of the Russia-Ukraine conflict on global security dynamics [7]

未来五年将是我国服务消费快速扩量提质的历史性跨越阶段。 "十五五"进入启动之年，扩大消费尤其是扩大服务消费将是"十五五"期间的重头戏。按照"十五五"规划 建议，提升服务消费既要壮大服务消费的比重，也要以放宽准入、业态融合为重点，加强服务消费活跃 度，同时更要突出品牌引领、标准升级、场景拓展与新技术应用的关键路径，推动服务消费的质量升 级。可以判断，未来五年将是我国服务消费快速扩量提质的历史性跨越阶段。 成熟的服务消费条件正在累积 根据国家统计局数据，2014年至2024年，我国居民人均可支配收入年均增速为5.5%,不过分段解析，后 五年较前五年增速出现明显回落，2025年第三季度放缓至5.3%，并且逐年增速总体呈现边际递减趋 势。同时，过去10年甚至更长时间中，基尼系数一直维持在0.42以上，表明居民收入分配差距依然较 大。 北京大学收入分配研究院报告显示，2024年中国收入最高的10%人群占有了全国约40%的财富，而收入 最低的50%人群仅占有全国财富的15%左右；城乡之间，2024年我国城镇居民人均可支配收入达到 57839元，农村居民仅为21456元，城乡收入比为2.7：1；收入的结构性不合理还来自居民 ...

金银价格继续高歌猛进。早盘，COMEX黄金一度突破4600美元/盎司大关，创历史新高。开年以来，已 累计上涨280美元。现货白银今天更是涨近5%，站上84美元/盎司，同样创出历史新高。A股贵金属板块 早盘集体高开，湖南白银高开超5%，招金黄金高开超3%，中金黄金、赤峰黄金等多股跟涨。2026年开 局，国际地缘政治"黑天鹅"群飞。分析指出，地缘政治升温引发短期避险资金买入黄金。此外，上周五 糟糕的非农就业数据也增强了市场对美联储降息的预期。 ...

光云科技：AI相关产品接入并适配外部第三方大模型 自身未涉及人工智能大模型的开发； 卓易信息：AI编程产品尚处于市场导入期 技术迭代及商业化进展可能不及预期。 引力传媒：公司GEO业务尚未形成成熟的商业模式； 汉得信息：公司AI收入有望持续增长 但AI产品与服务业务目前尚处起步阶段仍不占整体营收的主体； 今日，人工智能赛道全线大涨，其中，Sora概念、AI应用概念涨幅居前。盘后，多只AI概念股发布异动 公告： 值得买：MiniMax旗下大模型产品海螺AI现已接入值得买"消费大模型增强工具集"； 蓝色光标：公司AI驱动的相关收入占整体营业收入比重较小； ...

2026年开年，A股一场"太空主题"资本盛宴正在上演。 1月12日，两市成交额突破3.64万亿元创下历史新高，商业航天、卫星产业两大指数单日涨幅均超8%， 中国卫通（601698.SH）等18只成份股集体涨停，多只卫星主题ETF亦强势涨停；其中，卫星产业指数 近一个月暴涨超76%，同期翻倍股超10只。 同时，资金正借道ETF大举布局这一赛道。近一个月，6只卫星主题ETF合计吸金近130亿元，多只产品 规模实现翻倍增长，首只百亿级卫星ETF已然诞生。机构调研脚步同样密集，超捷股份（301005.SZ） 等公司一个月内吸引上百家机构"叩门"。 然而，市场分歧也随之加剧：这场资本盛宴是"星辰大海"还是"空中楼阁"？巨大的产业想象空间能否兑 现为持续的业绩？ 永赢卫星ETF基金经理刘庭宇提醒，虽然中国商业航天产业今年迎来加速发展，后续有很多市场空间， 但二级市场价格波动也会较大，希望投资者保持理性、坚持长期价值投资的理念。 实际上，该板块的爆发并非毫无征兆，而是呈现持续走强的态势。截至1月12日，卫星产业指数在年初6 个交易日中已上涨35.54%，近一个月的涨幅高达76.83%；商业航天指数表现同样亮眼，年内上涨 2 ...

（文章来源：第一财经） 据报道，美国联邦住房金融局（FHFA）局长Bill Pulte表示，房利美和房地美的首次公开募股仍在考虑 中，房利美和房地美市值在5000亿-1万亿美元之间。 ...

天银机电发布股票交易异常波动公告称，经核查，公司控股股东佛山市澜海瑞兴股权投资合伙企业在1 月12日通过集中竞价和大宗交易方式合计减持公司股票124.53万股，占公司总股本的0.293%。 天银机电发布股票交易异常波动公告称，经核查，公司控股股东佛山市澜海瑞兴股权投资合伙企业在1 月12日通过集中竞价和大宗交易方式合计减持公司股票124.53万股，占公司总股本的0.293%。 ...

据港交所文件，袁记食品集团股份有限公司向港交所提交上市申请书，联席保荐人为华泰国际、广发证 券。 (本文来自第一财经) (本文来自第一财经) 据港交所文件，袁记食品集团股份有限公司向港交所提交上市申请书，联席保荐人为华泰国际、广发证 券。 ...