去库存、城市更新仍是重点工作。 作为关乎民生和经济发展的重要领域，房地产工作如何部署一直是地方两会的重要内容。随着各地两会 相继召开，2026年房地产领域的工作重点也逐渐明晰。 第一财经记者梳理各地政府工作报告发现，"着力稳定房地产市场"、"强化住房保障"、"好房子"、"加 快构建房地产发展新模式"、"大力推进城市更新"等提法高频出现，"稳市场、去库存、强保障、促更 新"为主要方向。在稳市场方面，河南、云南、江苏、山东、辽宁、吉林等地都提出，鼓励收购存量商 品房用于保障性住房等。 房地产行业专家对第一财经记者表示，地方两会中关于房地产市场的基调与"十五五"总体规划高度一 致，包括明确构建房地产新模式、风险防范，以及"好房子"建设等，同时各地又结合区域实际，提出差 异化的目标和举措，预计未来随着各项政策的落地见效，房地产市场有望筑底企稳，行业转型加速推 进。 稳市场成2026年首要工作 "各地在房地产和住房领域的表述高度聚焦于稳市场、去库存、强保障、促更新四大方向。"广东省城乡 规划院住房政策研究中心首席研究员李宇嘉表示，稳市场基本是各地2026年房地产工作的第一位，"这 是对中央经济工作会议关于'着力稳定房地 ...

今年开年以来，各地纷纷提前发布重点项目清单，推动投资落地。 今年是"十五五"开局之年，各地开年伊始尤其是地方两会结束后就密集部署一季度工作。最近，福建、 河南、黑龙江、北京、云南等地密集出台推动一季度经济的政策措施和重大项目开工。 各地密集出台政策 2月2日，云南省发布了《推动2026年一季度经济平稳开局工作方案》，充分发挥存量政策和增量政策集 成效应，提出促进消费提质升级、全力抓项目促投资提速工业发展等9个方面29条举措，为"十五五"起 好步打下坚实基础。 此前，多个省份也发布了类似的政策。 中国首席经济学家论坛成员廖博向第一财经表示，一季度是全年工作的风向标，可以较为清晰地看到各 地要以起步即加速的姿态抓实各项工作，聚集激发消费市场活力、扩大有效投资规模、推动新质生产力 发展、促进外贸外资稳中提质、强化民生保障与安全稳定等多个方面推出了具体措施为高质量发展积蓄 动能，也为赢得全年主动打下良好基础，力争更好成绩。 廖博表示，预计投资需求有望止跌回稳，多数区域对2026年计划开工的政府投资项目和已签约招商项 目，坚持投资于物和投资于人紧密结合，加快建设和储备重大项目，做好各类要素保障，地方政府普遍 提出要及时 ...

这些事故也引发了患者诉讼。其中，一款由Acclarent公司开发的用于慢性鼻窦炎治疗的手术设备受到关 注。该设备自2021年加入人工智能辅助导航技术以来，报告的患者事故发生率显著增高。在2021年末至 2025年11月期间，至少有10人在接受这款手术设备的治疗后受伤。据报道，AI导航系统错误地告知外科医 生手术器械在患者头部内的位置。 在一起事故中，一名患者的脑脊液从鼻腔渗出；另一起报告则显示，一名外科医生在AI导航功能辅助下误 刺穿了患者的颅底。还有两名在手术中意外中风的患者对此提起诉讼。 Acclarent曾为强生医疗科技旗下公司，于2010年被强生以近8亿美元的价格收购，不过到2023年底，强生以 不到3亿美元的价格出售给医疗公司Integra。Integra公司在回应相关事件时表示，这些报告仅表明在发生不 良事件的手术中使用了AI导航系统，但没有任何可信的证据表明是由于AI技术的使用导致了患者受伤，两 者没有明确的因果关联。 大部分人工智能技术引入手术设备，起到的是辅助人类医生的作用，医生作为决策者，仍需要对医疗行为 负责。 随着AI功能被越来越多地引入手术设备，与AI设备相关的医疗事故也开始增多。 ...

Core Viewpoint - A group of A-share companies is distributing dividends before the Spring Festival, with a total payout exceeding 19 billion yuan, reflecting a shift from financing to shareholder returns [1][3][9] Dividend Distribution Overview - From February 9 to February 13, a total of 35 A-share companies announced dividend distributions, with a total cash payout of 19.027 billion yuan [3][9] - The highest dividend payout is from Changjiang Electric Power, proposing a distribution of 5.138 billion yuan, followed by CITIC Securities and Darentang with payouts of 4.298 billion yuan and 1.888 billion yuan respectively [3][9] - Six companies are distributing over 1 billion yuan, with the main sectors involved being electric power, food and beverage, and non-bank financial services [1][3] Company Performance and Dividend Sustainability - Many companies that are distributing dividends have reported positive earnings, with CITIC Securities and Changjiang Electric Power both showing revenue growth of over 20% [9] - The trend of companies announcing dividends, including those that are newly listed or have not previously issued interim dividends, indicates a growing emphasis on shareholder returns [1][5][11] - The sustainability of dividends is highlighted as a key concern, with investors advised to consider cash flow and profitability to support dividend payments [2][11] Industry Trends - The recent dividend announcements are part of a broader trend where A-share companies are increasingly adopting a culture of regular dividends, moving from "soft advocacy" to "hard constraints" under new regulations [11][12] - The distribution of dividends is seen as a reflection of company value rather than a mere financial maneuver, with a call for a rational dividend culture that aligns with the lifecycle of the business [11][12]

Group 1 - The integration of artificial intelligence (AI) with education is driving innovation and necessitating adjustments in higher education programs to align with emerging industries and technological advancements [1][2] - Recent collaborations between universities and technology companies, such as the partnership between Henan Polytechnic University and Yushu Technology Co., focus on developing talent and technology in areas like mining safety and emergency rescue [1] - A significant number of universities in China are establishing new AI-focused colleges, with over 80 institutions reported to have launched AI programs to meet national strategic needs and industry demands [2][3] Group 2 - New engineering colleges are being established across various universities, including Anhui Normal University and Ningbo University, to address fields such as intelligent manufacturing, integrated circuits, and artificial intelligence [3] - According to statistics from the McKinsey Research Institute, there has been a notable increase in popular undergraduate majors, particularly in artificial intelligence, which saw the addition of 406 new programs from 2020 to 2024 [3] - The emergence of "smart+" interdisciplinary programs reflects the ongoing adaptation of higher education to societal and economic needs, with a focus on developing high-level talent in critical areas [4]

Group 1 - The current fertility support system is continuously improving, with recent efforts in provinces like Guizhou, Guangxi, and Xinjiang optimizing the direct payment process for maternity allowances to individuals [2] - By December 2026, the goal is to achieve "no out-of-pocket" expenses for childbirth within the policy framework across the country [2] - Various companies are increasingly implementing measures to encourage employee childbirth, including cash bonuses and extended maternity leave [3][4] Group 2 - Companies like Shengfan Group are offering substantial cash rewards for employees who marry or have children, with single employees receiving 10,000 yuan and dual-income families receiving 20,000 yuan [3] - The trend of companies providing incentives for marriage and childbirth is growing, with notable firms such as Miniso, Ctrip, and Kuaishou participating [3] - Establishing a shared cost mechanism for childbirth is crucial, as some companies may struggle to support these initiatives fully [4]

1000余家企业也在同步起诉。 近日，美国国际贸易法院披露，比亚迪美国多家子公司已于1月26日发起诉讼，指控美国政府多项关税 政策不合法，并要求退还税款。 此前2025年，特朗普政府上台后援引美国《国际紧急经济权力法》（IEEPA），以不经过国会批准、直 接颁布行政令的方式出台一系列加征关税措施，而这些关税措施在美国国内引发了一系列法律诉讼。 第一财经获取的比亚迪相关诉讼文件中明确，此次诉讼特别针对IEEPA 对比亚迪进口商品征收关税的行 为。诉讼的主要内容是请求法院认定美国政府对比亚迪征收的所有IEEPA关税均属越权征收，美国政府 应全额退还所有相关钱款。 此次诉讼中，比亚迪在诉讼文件中表示，公司已缴纳 IEEPA 项下关税，唯有通过独立诉讼及司法救 济，方能确保非法征收的关税得以退还。且公司仍在为持续清关的进口货物缴纳相关关税，相关税款已 具法律终局性，故提起本案独立诉讼确有必要。 比亚迪认为，此前美国国际贸易法院、联邦巡回上诉法院均裁定，IEEPA并没有授权美国总统征收上述 关税。而比亚迪已支付了多项IEEPA关税，这些税款正在持续结关清算，因此可能在法律上成为定案， 如果不采取行动，可能会影响到后续关 ...

参与设立慈善信托的委托人中，自然人和民营企业依然是主要参与主体。 由中国信托业协会、中国慈善联合会联合发布的《2025年度中国慈善信托发展报告》（下称《报告》） 显示，截至2025年末，我国慈善信托累计备案规模已突破百亿元。 作为三分类新规下监管鼓励探索发展的业务，慈善信托也是近年来信托公司转型发展的重要探索方向， 多数信托公司已经作为受托机构参与其中。但从信托数量和规模来看，机构间分化依然明显。第一财经 记者在《报告》发布会现场了解到，2025年，新增慈善信托备案规模排在前十位的受托机构中，规模最 高为4.81亿元、最低为0.66亿元，首尾差距超过4亿元。 参与设立慈善信托的委托人中，自然人和民营企业依然是主要参与主体。在业内人士看来，随着慈善信 托的效果持续释放，其功能优势也受到越来越多的机构和个人关注、认可。接下来，随着今年4月慈善 信托信披新规落地实施，备案数量和规模更新速度还将加快。 以信托公司作为单一受托人仍是最主要的慈善信托模式，尤其随着信托转型深入推进，越来越多的信托 公司将其作为重要的创新方向。以2025年为例，当年作为受托人受托管理慈善信托的114家机构中，有 54家信托公司，占到八成以上 ...

Core Viewpoint - The patent disputes between Aiko Solar and TCL Zhonghuan's subsidiary Maxeon have concluded, signaling a shift in the photovoltaic industry towards ending internal competition and fostering healthy development [1][3]. Group 1: Patent Licensing Agreement - Aiko Solar and Maxeon signed a patent licensing agreement worth a total of 1.65 billion yuan, with 250 million yuan to be paid in 2026 and the remainder to be paid in installments from 2027 to 2030 [2]. - Aiko Solar will receive approximately 1,000 past and future patents related to BC batteries and components, with no sales limits imposed on Aiko's BC components and batteries by Maxeon [2][3]. - The agreement allows both companies to terminate all pending or potential patent disputes, enabling Aiko Solar to focus on business development and technological innovation [2]. Group 2: Industry Implications - The resolution of patent disputes is expected to eliminate uncertainties that previously affected overseas customers' purchasing decisions regarding ABC components [3]. - Following the agreement, Aiko Solar plans to increase prices for its battery and component products and will charge downstream customers a royalty fee of 0.02 yuan per watt [3]. - The collaboration is seen as a way to promote healthy competition in the photovoltaic industry and to shift the market dynamics towards a more regulated and law-abiding environment [2][3]. Group 3: Industry Trends - The trend of major companies ending patent disputes is viewed as a positive response to the industry's "anti-involution" movement, indicating a shift towards healthier and more orderly development [3][4]. - The Ministry of Industry and Information Technology has emphasized the importance of strengthening intellectual property protection and curbing infringement behaviors as part of the industry's governance efforts [5]. - The industry is currently undergoing a deep adjustment period, with significant challenges remaining in balancing supply and demand, necessitating coordinated efforts to improve market conditions [5].

央行发布2025年第四季度中国货币政策执行报告，其中提出，2025年初，国债市场供不应求压力进一步 加大，1月中国人民银行宣布阶段性暂停在公开市场买入国债，并更多使用其他工具投放基础货币，维 护流动性和债券市场平稳运行。10月，考虑到国债市场供求趋于平衡，中国人民银行恢复国债买入操 作，10月、11月、12月分别净买入200亿元、500亿元和500亿元。未来中国人民银行将常态化开展国债 买卖操作，关注长期收益率的变化，灵活把握操作规模。 （文章来源：第一财经） ...