到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%。 工业和信息化部信息通信发展司有关负责人表示，目前，我国已建成全球技术领先、规模最大的信息通信网络，信息通信企业正在积极开展基于5G/5G-A 技术的低空通信、感知等实践探索，形成低空物流配送、水域巡检、警务安防等典型应用场景，但仍面临应用需求待挖掘、技术标准待成熟、产业生态待 完善等挑战。 在此背景下，工业和信息化部会同有关部门研究出台了《意见》，坚持需求牵引和问题导向，持续提升信息通信业技术基础能力、产业供给能力、网络支 撑能力和安全保障能力，为低空经济健康有序发展提供坚实基础。 《意见》围绕低空通信、监视、导航、智能网联系统等信息类基础设施，提出按需推进低空场景通信网络覆盖、探索构建多元探测协同服务能力、助力提 升导航精准服务水平、支撑构建低空智能网联系统等4方面重点任务。 低空基础设施是低空经济发展的重要底座。 工业和信息化部等五部门联合印发的《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》（下称《意见》）10日对外发布。 《意见》提出，到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多元融合感知方案进一 ...

到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%。 低空基础设施是低空经济发展的重要底座。 工业和信息化部等五部门联合印发的《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》（下称《意见》）10日对外发布。 《意见》提出，到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多元融合感知方案进一步完善成熟，低空导航服务水平持续提升，研 制不少于10项信息类基础设施标准，面向城市治理、物流运输、文旅等领域形成一批典型低空应用场景。 《意见》围绕低空通信、监视、导航、智能网联系统等信息类基础设施，提出按需推进低空场景通信网络覆盖、探索构建多元探测协同服务能力、助力提 升导航精准服务水平、支撑构建低空智能网联系统等4方面重点任务。 根据《意见》，在充分利用现有公众移动通信设施等基础上，综合采用地面移动通信、卫星通信与其他通导监技术等多元化技术手段，支撑低空应用发 展。结合低空经济发展规模，围绕关键技术、网络部署、应用适配等方面加强试验验证，做好技术和产业储备，探索形成可复制推广的解决方案和经验做 法。 朱克力对第一财经表示，此次政策最突出的亮点，在于坚持集约复用、多元协同的建 ...

Core Viewpoint - The release of Seedance 2.0 marks a significant shift in the AI video generation landscape, indicating the end of the "childhood" phase of AIGC, with implications for both opportunities and challenges in the industry [1][3]. Group 1: Industry Impact - The cultural media theme index rose by 4.51% and the AI application index increased by 1.93% following the launch of Seedance 2.0, highlighting a positive market reaction [1]. - The introduction of Seedance 2.0 is expected to drive the AI application industry into a growth phase, with opportunities expanding into sub-sectors like AI comics, film IP, and data elements by 2026 [1][7]. - The competitive focus in AI video technology is shifting from basic generation capabilities to understanding and executing creative intent more efficiently [7]. Group 2: Product Comparison - Seedance 2.0 is positioned for story expression, suitable for everyday short videos and lower-demand scenarios, while Keling AI 3.0 targets professional content production with higher clarity and film-like quality [5]. - Seedance 2.0's capabilities include supporting complex video elements and understanding shot composition, which distinguishes it from Keling AI 3.0, which focuses on realism and detail [4][5]. Group 3: User Experience and Concerns - The ease of use of Seedance 2.0 significantly lowers the barrier for content creation, allowing users to generate videos with minimal input, which could lead to a surge in content production [7][8]. - Concerns about the proliferation of deepfake technology and the potential erosion of trust in media are rising, as the model's capabilities could lead to misuse [3][4]. - The industry is currently in an early stage, with a need for caution regarding the competitive landscape, as rapid advancements are occurring [9].

Group 1 - The Japanese ruling party's acquisition of a "super majority" in the House of Representatives has reignited concerns about the risk of "re-inflation" in Japan [1] - Oxford Economics predicts that the weak yen will persist until 2027, with an exchange rate range of 150-160 yen per dollar [1] - The yield on Japan's 30-year government bonds rose significantly to 3.50%, an increase of 1.21 percentage points compared to the same period last year [1] Group 2 - Global investors are worried about the potential deterioration of Japan's fiscal situation due to the ruling party's commitment to explore reducing the food consumption tax from 8% to zero for two years, which is expected to reduce tax revenue by 5 trillion yen annually [4] - Despite the proposed tax cuts, Oxford Economics maintains its fiscal forecasts for FY2026 and FY2027, as the measures require at least two years of deliberation and may ultimately be shelved [4] Group 3 - The basic fiscal deficit as a percentage of GDP is expected to be between 2%-3% for FY2026 and FY2027, continuing until FY2028, with a gradual decline expected thereafter [5] - Japan is currently in a "vicious cycle" of currency depreciation and inflation, exacerbated by the central bank's lack of a strong anti-inflation stance, leading to an expanded risk premium [5][6] - The central bank's failure to signal a commitment to combat inflation has maintained high inflation expectations, further pushing up inflation [5] Group 4 - To break the current deadlock, three potential paths are suggested: the central bank could raise interest rates above inflation, inflation could suddenly decrease, or the government could shift to a tightening fiscal stance [6] - The likelihood of the latter two options is considered low, making the first option the most viable for restoring monetary credibility [6][7] Group 5 - The Bank of Japan is cautious about raising interest rates too soon, as it could destabilize risk assets supported by yen financing arbitrage [7] - The central bank has historically avoided political risks, leaving currency policy to the government, which may delay significant rate hikes until July [7][8] Group 6 - The potential for the Bank of Japan to intervene in the currency market is limited, as past interventions have only temporarily alleviated currency volatility without changing the underlying trend [9] - The central bank's focus is more on wage growth than on the yen's exchange rate, indicating a cautious approach to monetary policy adjustments [8][9]

1月23日，浙江金华市公共资源交易网发布《浙江师范大学金华校区学生宿舍建设项目工程总承包招标 公告》。其中提到，浙江师范大学金华校区学生宿舍建设项目总用地面积21901.72平方米，拟建3幢宿 舍楼，总建筑面积59950平方米，该项目共由C、D、E三个地块组成，其中C地块总用地面积7757.33平 米，D地块总用地面积4201.34平米，E地块总用地面积9943.05平米，项目投资估算约29870万元。 相当多高校的生均面积难以达标，住宿"捉襟见肘"。 部分高校近年来存在学生住宿紧张、宿舍老旧居住条件有待提升等问题，不少高校正投入巨资新建或改 造提升学生宿舍。 近日，中南大学潇湘校区学生宿舍一期、二期项目开工仪式在中南大学潇湘校区举行。该项目是聚焦学 生急难愁盼的重点民生工程，总建筑面积119745.35㎡。一期总投资40939万元；二期总投资35744万 元，共计7.6883亿。项目计划施工工期为550天，预计2027年4月中旬建成。 项目选址于中南大学潇湘校区西南角玉带路与后湖路交界处，地理位置优越且布局规整。建设内容涵盖 三大板块：一是高标准智慧学生宿舍，建成后可新增优质床位7100余个，从根本上补齐住 ...

Market Overview - The digital asset market experienced a significant downturn in Q4 2025, with the total market capitalization dropping approximately 27.1% to $2.93 trillion by January 31, 2026 [1][3] - Bitcoin's closing price was $84,100, reflecting a decline of about 26.4%, while Ethereum fell to approximately $2,702, down 35.9% [1][3] - The contraction in the market was influenced by changes in liquidity expectations, delays in key regulatory legislation in the U.S., and a cautious shift in market sentiment [1][3] Stablecoin Market - The stablecoin market saw a slowdown in growth, with total market capitalization increasing only 2.3% to $293.29 billion by January 31, 2026 [1][5] - USDT and USDC continue to dominate the market, with USDT's market cap at approximately $184.8 billion, accounting for about 59.7% of the total [1][5] Regulatory Developments - Global regulatory frameworks are evolving to integrate digital assets while simultaneously addressing risk prevention [1][8] - The U.S. legislative process for the Digital Asset Market Structure Bill (CLARITY Act) has been stalled due to industry conflicts, highlighting the struggle for control over market infrastructure between new crypto entities and traditional financial capital [1][10] - The U.K. has proposed new regulations to align digital assets with traditional securities, indicating a move towards stricter compliance for crypto service providers [1][9] Real World Assets (RWA) - The market for Real World Assets (RWA) has seen a substantial increase, with a 41.1% growth to approximately $23.7 billion from Q3 2025 to January 31, 2026 [2][17] - U.S. Treasury securities represent the largest segment of RWA, accounting for 40% of the total [2][17] Digital Currency Developments in China - The People's Bank of China has initiated a new generation of the digital yuan, transitioning from digital cash to digital deposit currency, marking a significant development in its operational framework [1][15] - The new system emphasizes a dual-layer operational structure involving central banks and commercial institutions, enhancing the integration of digital currency into the existing financial system [1][15][16]

银行账户动账短信这一曾被视为"基础服务"的功能，正在加速变化。 2025年以来，多家银行陆续上调免费动账短信的起点金额，小额交易不再触发短信提醒；若客户仍有需 求，则需按月付费。近期，招商银行更将免费短信通知门槛抬升至5000元，进一步引发市场关注。 业内普遍认为，在净息差收窄、运营成本承压的背景下，银行正通过精细化管理压降费用，并引导客户 向App、公众号等数字化渠道迁移。 "免费门槛"不断抬升 从"笔笔必达"到"有门槛可选"，动账短信通知正在从普惠服务转向分级供给。 招商银行公告称，3月16日起，该行将优化账户变动短信通知服务。根据公告，该行对未开通账户变动 短信通知服务的客户，将不再发送单笔5000元（含）以下、经人民银行大小额系统汇入的交易通知短 信。 若客户希望继续接收短信提醒，可通过招商银行App、个人银行PC端或线下网点开通相关服务，当前收 费标准为3元/月/卡，符合条件的老年客户、金葵花及以上等级客户等仍可享受免收优惠。 中小银行同样跟进调整。广西平果国民村镇银行日前公告称，自2月10日起，将个人账户短信通知的交 易起点金额调整至200元（含），并表示该举措旨在顺应金融科技发展趋势。 事实上， ...

样本效应下的商业航天IPO竞赛：高溢价能否持续？ 电科蓝天上市首日市值突破1000亿元，其市盈率（TTM）高达332倍。市场愿意支付如此高溢价的核心 逻辑在于对其所处赛道，商业航天未来高速成长的强烈预期。电科蓝天作为2026年首家登陆资本市场的 商业航天公司，"政策+稀缺性"推升其估值表现。 根据券商报告，我国的"国网星座""千帆星座"后续规划均超过1万颗，截至目前"国网星座"和"千帆星 座"在轨数量均为100+颗，低轨卫星2026年后发射规模有望进入快速放量期。 继GPU赛道之后，商业航天赛道也诞生了上市首日市值突破千亿的"新贵"。2月10日，电科蓝天 （688818.SH）正式登陆科创板，当日开盘暴涨750.05%，收盘报65.94元，涨幅达596.3%，总市值达 1145亿元，成为2026年资本市场开年最受瞩目的新股。然而，与火热市值形成鲜明对比的是其波动的盈 利水平，电科蓝天预计2025年实现归母净利润3.62亿元至3.6亿元，同比变动-3.18%至6.81%，而公司首 日收盘的市盈率（TTM）超过330倍。 作为年内首只商业航天新股，电科蓝天凭借其深厚的"国家队"背景与核心供应商地位，为背后的国资股 ...

上市首日市值突破千亿 穿透股权来看，电科蓝天的国有股东包括中国电科、产业基金、中信建投投资、中兵投资等共计6家， 合计持股比例75.31%。以首日收盘涨幅596.3%粗略估算，背后的国有股东首日实现巨额账面浮盈。 其中，中国电科直接持有电科蓝天44.07%（7.65亿股），中国电科通过十八所与中电科投资分别持股 13.5%、4.05%股份，合计3.04亿股。另外，产业基金、中信建投投资、中兵投资3家分别持股4615.32万 股、3712.62万股、2382.21万股，合计1.07亿股。 电科蓝天本次发行价格为9.47元/股，上述六家国有股东的首日账面浮盈总和约664亿元。其中，中国电 科、十八所、中电科投资，3名股东首日账面浮盈约603.6亿元，中国电科的直接持股部分增值432亿 元。其余三名国资股东的首日账面浮盈合计约60.4亿元。 样本效应下的商业航天IPO竞赛：高溢价能否持续？ 电科蓝天上市首日市值突破1000亿元，其市盈率（TTM）高达332倍。市场愿意支付如此高溢价的核心 逻辑在于对其所处赛道，商业航天未来高速成长的强烈预期。电科蓝天作为2026年首家登陆资本市场的 商业航天公司，"政策+稀缺性"推 ...

Group 1 - The core concern driving up bond yields is the significant uncertainty stemming from new fiscal policies in Japan, referred to as the "bond vigilantes" in action [1] - The ruling Liberal Democratic Party's supermajority in the House of Representatives has reignited fears of "re-inflation" risks in Japan [1] - Oxford Economics predicts that the weak yen will persist until 2027, with an exchange rate range of 150-160 yen per USD [1] Group 2 - The proposed reduction of the consumption tax on food from 8% to zero over two years is expected to decrease tax revenue by 5 trillion yen annually, raising concerns about further deterioration of fiscal conditions [4] - The basic fiscal deficit as a percentage of GDP is projected to remain at 2%-3% for the fiscal years 2026 and 2027, continuing until 2028 [4] - Japan is currently in a "vicious cycle" of depreciation and inflation, exacerbated by the central bank's lack of a strong anti-inflation stance [4] Group 3 - Inflation is a critical variable, and the Bank of Japan's failure to signal a strong commitment to combat inflation has led to sustained high inflation expectations [5] - The rise in interest rates is attributed to uncontrolled inflation and soaring sovereign risk, creating a cycle of fiscal expansion, inflation expectations, and currency depreciation [5] - Three potential solutions to break this cycle include raising interest rates above inflation, a sudden drop in inflation, or a shift towards fiscal tightening [5] Group 4 - The Bank of Japan is unlikely to preemptively raise interest rates significantly to defend the yen, as this could destabilize risk assets supported by yen financing arbitrage [6] - The responsibility for exchange rate policy lies with the government, not the central bank, which is cautious about raising rates [7] - The central bank's focus is more on wage growth than on the yen's exchange rate, delaying any potential rate hikes until it can assess the impact of wage negotiations [7] Group 5 - There is a trend towards reducing U.S. Treasury holdings as part of a broader strategy to manage the central bank's balance sheet [8] - Historical interventions by Japan in the currency market have shown that such actions can only temporarily alleviate volatility without altering the underlying trend [8]