Group 1 - Morgan Stanley and Citigroup are set to release their financial reports on January 15, 2026 [2] - The second China eVTOL Innovation Development Conference is scheduled for January 15, 2026 [2] - The fifth AIGC China Developer Conference will take place on January 18, 2026 [2] Group 2 - The U.S. Federal Reserve will publish its Beige Book on January 14, 2026, providing insights into economic conditions [2] - The OPEC monthly oil market report is expected to be released on January 14, 2026 [2] - The EIA will publish its monthly short-term energy outlook on January 14, 2026 [2]

重庆人工智能湾区建设启动；人形机器人T链一级供应商新剑传动冲刺IPO。 ①重庆人工智能湾区建设启动； ②人形机器人T链一级供应商新剑传动冲刺IPO； ③瑞声科技推出人形机器人解决方案。 ...

（文章来源：第一财经） 1月10日消息，当硅谷的科技巨头们还在探索生成式AI的下一个"杀手级应用"时，中国的一款AI应用已 经找到了最接地气的"杀手级场景"——期末复习。数据显示，随着期末复习进入高峰，千问APP学习相 关能力的调用量再创新高，周环比增长超100%。其中，找真题试卷的需求尤为火热，短短五天内激增 超300%"在千问一句话找卷子"正成为风潮蔓延。 ...

Core Insights - The price of the "Sheng Sheng You Xi" series pearl four-leaf clover necklace from Chow Sang Sang's Tmall flagship store increased by 15,200 yuan overnight, reaching a new price of 136,000 yuan, influenced by rising gold prices and increased material costs [1][4][8] - The necklace was temporarily taken down from the store due to sold-out inventory but was later re-listed with only one piece available, indicating high demand and limited supply [4][8] Price Adjustments - Chow Sang Sang's customer service indicated that price adjustments are made periodically based on the rising costs of materials, design fees, and patent fees, alongside the fluctuating gold prices [1][3] - The gold price at Chow Sang Sang's physical store reached a new high of 1,408 yuan per gram, with a 14-gram gold necklace seeing a price increase of over 100 yuan from the previous day [8][10] Market Trends - The demand for gold jewelry remains strong, driven by investment needs and wedding preparations, despite the rising prices [10] - Other brands, such as Chow Tai Fook, reported similar trends, with gold bar prices reaching 1,233 yuan per gram and a significant price increase of 2,800 yuan for a 200-gram gold bar on the same day [10]

这种下意识的反应，比规定本身出问题更可怕 这种错误惯性思维的产生，根源在于对权力来源和性质的认识存在偏差。我国国家机关的权力源于人 民，公权力部门是受人民委托行使管理、服务职能。然而，部分人却颠倒了这种关系，将人民赋予的权 力视为部门甚至个人的特权，将行使权力过程中产生的公共信息，看作是依附于这种特权的附属品或内 部资产。 这种认识错位，导致他们在处理信息公开问题时，首先考虑的不是公众的知情权和监督权，而是部门或 个人的"便利"与"安全"，本能地倾向于隐藏信息而非公开信息。在这种错误观念支配下，公开信息被视 为"恩赐"而非"义务"，操作中寻求各种理由规避公开，或是为公开设置过多限制，抬高公众获取信息的 门槛。这种做法会直接损害公权力部门的公信力，并最终损害权力的健康运行，侵蚀权力的根基。 近年来，我国在推进信息公开方面取得了长足进步。司法公开作为信息公开的重要领域，成绩尤为显 著。以司法文书上网为例，自2013年最高法建立中国裁判文书网以来，海量的司法文书得以向社会公 开。这不仅为学者研究、公众查询提供了宝贵资源，更将司法活动置于阳光之下，成为"让人民群众在 每一个司法案件中感受到公平正义"的生动实践。 司法 ...

在1月10日的第三十届（2026年度）中国资本市场论坛上， 中国人民大学原副校长吴晓求表示，资本市 场改革要注重把"雷"去掉，并对所有的"埋雷者"、"帮助埋雷者"重罚，对造假上市等进行处罚，并从行 政处罚转变为进行刑事处罚、民事赔偿，并对帮助造假的中介机构同等处罚。 ...

1月10日，在"2026年中国首席经济学家论坛"上，摩根士丹利中国首席经济学家邢自强表示，近期人民 币升值主要受美元贬值及春节前出口和消费季节性因素推动。人民币今年仍有升值空间，短期内一季 度、二季度可能在6.8左右，但年底仍存在不确定性。他强调，中国要解决经济内卷、地方政府激励及 财税体系问题，不可能仅依赖人民币升值实现经济平衡。 （文章来源：第一财经） ...

以降准为主、降息为辅，货币政策应协同积极财政政策发力。 在1月10日举行的"2026年中国首席经济学家论坛"上，中国首席经济学家论坛研究院院长、中欧国际工 商学院教授盛松成表示，当前外部环境和国内经济仍存在较大不确定性，货币政策更可能采取"小步 走"的操作方式，通过以降准为主、降息为辅的组合，配合更加积极的财政政策，共同稳定经济运行。 盛松成指出，与财政政策直接作用于经济活动不同，货币政策主要通过金融体系间接传导，实施效果高 度依赖银行和市场主体的行为反馈，政策传导路径长、时滞明显。在不确定性较高的环境下，央行难以 精准调控各个环节，因此不宜采取"激进"操作。 相比之下，盛松成对大幅降息持谨慎态度。他指出，近年来商业银行净息差持续收窄。截至2025年三季 度末，商业银行整体净息差已降至约1.42%，较历史高位明显回落。若实施大幅降息，可能进一步压缩 银行盈利空间，削弱金融体系的风险抵御能力。 "我国以间接融资为主，对银行体系稳定性的依赖程度较高。"盛松成表示，若金融体系承压叠加房地产 风险，宏观经济稳定性将面临更大挑战。 尽管如此，盛松成并未否认降息空间的存在。他指出，当前国内物价水平偏低，实际利率仍为正，同 ...

Core Viewpoint - The Chinese financial structure is undergoing a historic transformation, shifting from indirect financing to direct financing, which is increasingly important for supporting emerging industries and high-tech development [1][3]. Group 1: Financing Trends - Direct financing's share in China's social financing structure has significantly increased, with its proportion rising to 47.4% by August 2025, marking the first time indirect financing fell below 50% [1]. - In terms of stock, while indirect financing still exceeds 65%, the rapid growth trend of direct financing is evident [1]. - The short-term credit for the household sector remains stable, but medium- to long-term credit growth has notably declined [2]. Group 2: Impact of Direct Financing - Direct financing provides a stable source of medium- to long-term funds, supporting the growth and innovation of high-tech and strategic emerging industries [3]. - The reduction in financing costs will enhance investment capabilities for both the government and enterprises, thereby promoting employment and consumption growth [3]. - Direct financing alleviates corporate debt pressure, improves capital allocation efficiency, and strengthens economic resilience [3]. - The development of direct financing will foster capital market growth, offering diversified investment products for domestic and foreign investors, which aids in the construction of Shanghai as an international financial center [3]. - Direct financing contributes to financial reform and the internationalization of the Renminbi, supporting the strategy for a strong financial nation [3].

1月8日，AGI-Next前沿峰会上，刚入职腾讯担任首席AI科学家的姚顺雨以线上形式参会并表示：最近 忙着做模型、产品、AI。腾讯是一家2C基因很强的公司，从B端与C端差异来讲，C端不仅需要强大的 模型能力，还需要较长context（上下文 / 语境）；在中国做2B市场非常难，团队会思考如何先将自身服 务好，且大公司做2B业务较创业公司已具备场景优势。 （文章来源：第一财经） ...