【环球网报道 记者 张倩】据路透社报道，伊朗伊斯兰议会议长卡利巴夫当地时间11日向议会表示，伊朗已向美国总统特朗普发出警告，美国 若发动任何攻击，伊朗都会将以色列及美国在该地区的军事基地视为"合法打击目标"并进行反击。 近日，伊朗因物价上涨和货币贬值爆发示威活动，多地发生骚乱，造成人员伤亡。特朗普在多个场合称美国"正密切关注"伊朗局势，威胁或对 伊朗进行"严厉打击"。当地时间10日，特朗普在社交媒体上发文，再次威胁干涉伊朗当前局势。美国《纽约时报》同日援引匿名美国官员的话 报道称，特朗普近日已听取关于军事打击伊朗方案的汇报。报道称，特朗普尚未做出最终决定，但他正在认真考虑授权美军发动军事打击。美 军行动有一系列选项，包括对德黑兰的非军事地点进行打击。 路透社援引知情人士消息称，以色列正对美国可能出手干预伊朗当前局势保持高度警惕。 ...

近日，伊朗因物价上涨和货币贬值爆发示威活动，多地发生骚乱，造成人员伤亡。美国总统特朗普在多个场 合称美国"正密切关注"伊朗局势，威胁或对伊朗进行"严厉打击"。伊朗最高国家安全委员会1月9日发表声明 说，在美国和以色列策划和控制下，此次抗议活动演变为对国家安全的破坏。特朗普近期言论表明，美以正 联手策划，使伊朗人民生活陷入动荡。 【环球网报道 记者 李梓瑜】据路透社当地时间11日报道，三名以色列消息人士透露，以色列对美国可能干 涉伊朗当前局势保持高度警惕，但并未阐释"以色列保持高度警惕"的实际含义。 美国《纽约时报》1月10日援引匿名美国官员的话报道称，特朗普近日已听取关于军事打击伊朗方案的汇 报。他尚未做出最终决定，但正认真考虑授权美军发动军事打击。此外，特朗普10日在社交媒体上发文，再 次威胁干涉伊朗局势，称美国随时准备提供"帮助"。伊朗军方当天表示，将捍卫国家利益，保护战略基础设 施和公共财产，并敦促伊朗人民团结起来"挫败敌人的阴谋"。 报道提到，一名以色列消息人士称，以色列总理内塔尼亚胡和美国国务卿鲁比奥当地时间10日通电话，讨论 了美国干涉伊朗局势的可能性。一名美国官员证实双方通话，但未透露通话内容。 ...

连日来，ICE相关执法行动引发舆论高度关注。在事件性质认定及调查方向上，民主党主政的明尼苏达州政府与共和党籍总统特朗普领导的联邦政府分歧明 显。 据介绍，华盛顿、纽约、费城、波士顿、西雅图等地10日也爆发类似抗议活动，示威者抗议联邦政府现行的驱逐非法移民政策，反对执法机构暴力执法，要 求对枪杀事件进行彻底调查和追责。 【环球网报道】美国移民与海关执法局（ICE）人员7日在明尼阿波利斯市进行针对非法移民的执法行动时，开枪打死一名当地女子，引发当地局势紧张和 全美舆论高度关注。据路透社、美联社等媒体报道，全美各地计划10日就上述事件举行逾千场抗议活动，而在事发地明尼阿波利斯市，有数万人走上街头游 行，参加抗议活动。 路透社称，尽管寒风凛冽，明尼阿波利斯市仍出现大规模抗议活动，当地警方估计共有数万名示威者。在一支墨西哥原住民舞者队伍的带领下，示威者向受 害者蕾恩·妮科尔·古德的住宅街区行进，她正是在此地被射杀。示威者高喊古德的名字，以及"废除ICE"、"没有正义就没有和平——让ICE滚出我们的街 道"等口号。 ...

Core Viewpoint - The opening of Huaxizi's first department store in Hangzhou marks a significant step in the brand's offline expansion strategy, leveraging the growing trend of new consumption patterns in China [1][5]. Group 1: Store Opening and Strategy - Huaxizi has officially launched its first department store in the Xihu Yintai shopping district in Hangzhou, which is also its first offline store in the Yintai department store channel [1]. - The brand aims to create an immersive beauty shopping experience, aligning with Hangzhou's development as an international consumption center and the rise of domestic consumption trends [1]. - The entry into Yintai department store is seen as a crucial move for Huaxizi to expand its offline presence and enhance brand value through personalized beauty solutions [5]. Group 2: Product Launch - Huaxizi introduced a new product line called "Huayang Qise·Miyang Series," featuring core products like the Huayang Qise Zhenmi Powder Cream and Zhenmi Powder, utilizing "Gentian Flower Honey" sourced from the Tibetan Plateau [3]. - This product line aims to provide consumers with a new experience that combines makeup and skincare [3]. Group 3: Online and Offline Integration - Prior to the physical store opening, Huaxizi launched its online platform "Miao Street" on December 1, 2025, offering over 130 SKUs across makeup, skincare, and fragrance categories, marking the first instance of online and offline synchronization in the department store channel [5]. - The brand's strategy includes deepening collaboration with Yintai to enhance its reach and service to consumers through a new retail ecosystem that integrates online and offline experiences [5]. Group 4: Expansion and International Presence - Over the past three years, Huaxizi has been actively exploring both domestic and international offline markets, with significant milestones including the opening of its first flagship store in Hangzhou in December 2022 and a store in Sanya International Duty-Free City in December 2023 [6]. - The brand plans to enter the European market in September 2024 with a counter in Paris and has already established its first overseas flagship store in Tokyo, Japan, in January 2025 [6].

【环球网报道 记者 赵建东】美国总统特朗普9日声称，美国需要得到格陵兰岛，如果无法"以简单方 式"就格陵兰岛达成协议，他将不得不采取"艰难方式"，此番言论引发部分北约成员国及欧洲国家担 忧。据英国《每日电讯报》等外媒报道，欧洲多国军事首脑们正在草拟一项可能的北约任务计划，以应 对特朗普的威胁。 《每日电讯报》称，英国官员近日已与德国、法国等国官员会面，开始进行准备工作。根据消息人士的 说法，该计划尚处早期阶段，可能包括全面的部队部署，也可能是限时演习、情报共享、能力建设和国 防开支重新分配的组合。欧洲国家希望，大幅增强在北极地区的存在能够说服特朗普放弃吞并格陵兰岛 的意图。 美国总统特朗普2025年上任以来多次扬言要得到格陵兰岛，并声称不排除动用武力的可能性。特朗普 2026年1月4日接受美国《大西洋》月刊电话采访时称，委内瑞拉可能不会是美国干预的最后一个国家， 并称"我们绝对需要格陵兰岛"。 丹麦、法国、德国、意大利、波兰、西班牙和英国1月6日发表联合声明，强调格陵兰岛属于其人民，只 有丹麦和格陵兰岛才能决定自身事务。同一天，丹麦、芬兰、冰岛、挪威和瑞典等北欧五国外交部长发 表联合声明说，作为北欧国家、北极 ...

Group 1 - The core viewpoint of the article is that President Trump has expressed a strong desire for the United States to acquire Greenland, suggesting that if a simple agreement cannot be reached, he may resort to more aggressive measures, which has raised concerns among NATO members and European countries [1][3] - European military leaders are reportedly drafting a potential NATO mission plan in response to Trump's threats, which may include troop deployments, limited exercises, intelligence sharing, and defense spending reallocations to enhance presence in the Arctic region [1][3] - The EU is preparing a sanctions plan against American companies, including major tech firms and financial institutions, should Trump reject NATO's deployment proposals, with extreme options potentially involving the removal of U.S. military bases from Europe [3] Group 2 - Since taking office in 2025, Trump has repeatedly claimed the need for Greenland and has not ruled out the use of force, indicating a broader geopolitical strategy that may extend beyond Greenland [5] - A joint statement from several European countries emphasized that Greenland belongs to its people and that only Denmark and Greenland should decide their own affairs, reflecting a unified stance against U.S. claims [5] - Greenland's political leaders have expressed that the people of Greenland do not wish to become part of the United States, advocating for a future determined by Greenlanders themselves and calling for diplomatic dialogue based on international principles [5]

要进一步释放消费潜力，需要紧扣以上两大市场的特征，系统把握其内在需求。一方面，发达地区观众对电影品质的高要求与高票房反馈，将持续倒逼电影 工业升级制作水准、强化内容创新，推动产业向高质量发展迈进；另一方面，广阔的下沉市场所展现出的观影热情，以及对本土叙事的情感共鸣，为国产电 影奠定了坚实的市场基础与创作底气，激励更多贴近生活、多元共融的作品涌现。二者相互促进，共同构筑起电影消费可持续增长的双引擎，也为中国故事 的市场转化与文化传播打开了更纵深的空间。 无论是深耕下沉市场，还是焕新城市消费，核心都在于拥抱差异、扎根本地，用更丰富的供给、更用心的服务和更开放的生态，精准链接每一个消费者的精 神需求。只要产品和服务能够满足广大群众对美好精神文化生活的向往，中国电影的消费潜力必将进一步激发，为全年消费市场的复苏与繁荣注入强劲动 力。 近年来，下沉市场的票房占比持续提升，2025年的贡献度更是达到了近5年来的最高水平。特别是2025年春节档的数据极具说服力，三、四线城市票房占比 超过58%，已成为绝对的票房主力。下沉市场代表了中国电影市场的广度和深度，随着基础设施的不断完善和商业业态的加速下沉，下沉市场的观影需求得 到 ...

Core Viewpoint - The lithium battery recycling industry is undergoing a value reassessment driven by high energy metal prices, increased demand for energy storage, and supportive policies, leading to the formation of a green circular market exceeding 100 billion yuan by 2025 [1][6]. Industry Overview - The prices of key metals such as lithium, cobalt, and nickel are expected to remain high due to global mineral development cycles and a second surge in downstream energy storage demand [1]. - The industry is transitioning from extensive development to a more refined, standardized, and globalized phase, with a market size projected to exceed 100 billion yuan [1]. Company Performance - Companies like Greeenme and Tianqi have reported significant improvements in profitability due to increased retirement volumes and rising metal prices, with Greeenme's battery recycling volume reaching 36,000 tons, a 59% year-on-year increase [2]. - Tianqi's lithium battery recycling segment has turned profitable, aided by the lifting of black powder import restrictions and rising metal prices [2]. Strategic Initiatives - Leading companies are adopting a "capacity + capital" dual-drive strategy to capture market opportunities, with Greeenme planning to invest 400 million yuan to acquire shares in Henan Recycling Group and pursue a Hong Kong listing [4]. - Tianqi has established a processing capacity of 100,000 tons of used lithium batteries, with another 100,000 tons under construction, indicating a strong commitment to expanding its recycling capabilities [4]. Technological Advancements - Greeenme has achieved a lithium recovery rate exceeding 96.5% through its nine global recycling bases and has established partnerships with over 1,000 automotive and battery manufacturers [5]. - The industry is focusing on technological iteration and collaboration across the supply chain, with non-compliant small operations exiting the market, leading to a concentration of market share among companies with technological and environmental advantages [5]. Market Outlook - The lithium battery recycling industry is expected to experience accelerated growth over the next 3 to 5 years, with an annual growth rate projected to exceed 50%, potentially surpassing 100 billion yuan by 2030 [5][6]. - The industry's growth is not only driven by short-term fluctuations in energy metal prices but also by the necessity of closing the loop in the new energy industry chain, ensuring resource security and alleviating mining pressures [6].

Core Insights - The northbound trading of the Stock Connect has shown significant enthusiasm from foreign capital, with a total trading volume exceeding 200 trillion yuan in 2025, marking a historical high and reflecting strong confidence in the long-term investment value of the Chinese capital market [1][5] Group 1: Holdings Overview - As of the end of Q4 2025, northbound funds held a total of 4,014 securities, with a stable overall holding scale [1] - The holdings of foreign capital exhibit a "head concentration" feature, with over 213 stocks having more than 100 million shares held, and 37 stocks exceeding 500 million shares [1] - Notable stocks favored by northbound funds include JD.com, Industrial and Commercial Bank of China, Zijin Mining, Agricultural Bank of China, and others, with holdings exceeding 1 billion shares, primarily in low-valuation or high-dividend sectors [1] Group 2: Trading Activity - In Q4 2025, northbound funds engaged in significant portfolio adjustments, increasing holdings in over 1,600 stocks, with more than 1,000 stocks seeing an increase of over 1 million shares [2] - The top ten stocks with the largest increases in holdings included China Aluminum, Weichai Power, and others, each with increases exceeding 100 million shares [2][4] - The trading activity of northbound funds has notably increased, with a daily trading volume exceeding 300 billion yuan for four consecutive trading days, indicating a strong return of foreign capital to A-shares [4] Group 3: Long-term Trends - Since the establishment of the Stock Connect mechanism, the cumulative trading volume of northbound funds has surpassed 200 trillion yuan, with 2025's total trading volume reaching 50.33 trillion yuan, a growth of over 40% compared to 2024 [5] - The significant increase in trading volume and the focus on bank and resource stocks in Q4 2025 signal multiple positive trends, including sustained foreign interest in Chinese assets and a balanced investment strategy [5] - The ongoing optimization of capital market systems and deepening of openness are expected to lead to more normalized and rational flows of northbound funds, providing stable liquidity support for the A-share market [5]

Group 1 - The core viewpoint of the report indicates that the Chinese capital market has shown strong recovery momentum and resilient growth, with the total number of A-share listed companies reaching 5,469 and total market capitalization rising to 123 trillion yuan by the end of 2025 [1] - In 2025, 116 new companies were listed, while the total market capitalization of the existing 5,353 companies grew by 22.5% year-on-year, reflecting a significant recovery in market sentiment [1] - The average price-to-book ratio of A-share companies increased from 3.3 at the beginning of the year to 4.4, indicating a steady rise in market valuation [3] Group 2 - High-tech enterprises, particularly in manufacturing, scientific research, and technical services, demonstrated remarkable market performance, with total market capitalization increasing by 33.3% and 32.1% respectively, contributing to a 4.2 percentage point and 0.1 percentage point increase in their share of A-share market capitalization [3] - Nearly half of the listed companies in manufacturing and scientific research and technical services achieved a net asset return rate greater than 5%, showcasing strong overall performance [3] - The introduction of new regulations and guidelines has institutionalized market capitalization management, enhancing the proactive planning awareness of listed companies and reflecting national strategic directions [4] Group 3 - The governance structure of listed companies has been continuously improved, with over 98% of companies holding annual shareholder meetings by June 30, and more than 70% of boards consisting of 7 or 9 members [5] - Over 99% of companies disclosed their 2024 audit reports and internal control audit reports as required, with a non-qualified opinion rate exceeding 96% [5] - The steady growth of the A-share market capitalization to 123 trillion yuan and the over 20% growth of existing companies' market capitalization are seen as results of market sentiment recovery and the resonance of corporate profitability with national economic transformation [5]