Core Viewpoint - The article emphasizes that the green consumption market in 2026 will be led by policies and initiatives aimed at promoting sustainable consumption practices across various sectors, including appliances, transportation, and agriculture [1][2]. Group 1: Policy Initiatives - A joint announcement by nine government departments outlines 20 measures to promote green consumption, establishing a comprehensive policy framework that includes incentives, constraints, and guarantees [2]. - The new policies include subsidies for replacing old appliances with energy-efficient models, with a maximum subsidy of 1,500 yuan per item, and a focus on transitioning old commercial vehicles to electric ones [1][2]. Group 2: Market Demand Trends - Consumer demand is shifting from basic availability to quality and sustainability, with a notable increase in the sales of energy-efficient appliances and electric vehicles [2]. - Data from the Ministry of Commerce indicates that from 2024 to 2025, 18.3 million vehicles will be replaced under the old-for-new policy, with nearly 60% being new energy vehicles, and over 90% of replaced appliances will meet first-level energy or water efficiency standards [2]. Group 3: Industry Transformation - The demand for green products is driving companies to increase their investments in sustainable practices, leading to a transformation in the manufacturing sector towards greener supply chains and production methods [3]. - The establishment of reverse logistics systems and the promotion of "Internet + second-hand" models are expected to shift business models from linear to circular economies [3]. Group 4: Consumer and Business Perspectives - For consumers, green products should not be perceived as expensive but rather as cost-effective choices that provide long-term savings and health benefits [4]. - Companies are encouraged to view green transformation as an opportunity for innovation and growth rather than merely a compliance requirement, which can lead to cost savings and enhanced product value [4]. Group 5: Environmental Impact - The widespread adoption of green consumption is anticipated to result in significant environmental benefits, contributing to cleaner air, water, and overall improved ecological conditions [5].

从银行业实践看，人工智能大模型广泛推动金融服务从"经验驱动"向"数据驱动"转型，如建设银 行"天眼"智能风控系统覆盖全行98%的零售信贷业务，信用卡欺诈损失率同比下降52%，印证了智能风 控对传统金融风险定价模型的优化升级。 从市场规模看，2024年我国智能投顾资产管理规模超190亿元。预计到"十五五"末，个性化资产配 置方案覆盖率将持续增加，反映出金融服务与创新需求的匹配度不断提升。 科技与金融的深度融合，是创新驱动发展的动力所在。作为联结资本与创新的纽带，科技金融体制 构建关系到我国高水平科技自立自强目标的实现。亟须以系统思维培育与创新驱动发展战略相匹配的金 融生态体系，推动"科技—产业—金融"良性循环。 我国科技金融服务体系已初步构建起政策支持、市场运作与监管引导协同发力的多元格局，科技金 融发展生态加速优化。在此进程中，以人工智能为代表的新一轮科技革命，通过技术赋能重构了金融业 态的运行逻辑与价值创造模式，形成了科技金融发展的"技术赋能—效率提升—生态优化"链条。 从资本市场领域看，技术赋能的效果同样显著。深交所与华为联合发布的证券行业法规大模型，提 升了信息披露质量与审核效率，利用技术手段有效破解了 ...

Group 1 - The "Two New" policy aims to optimize support for the manufacturing sector, enhancing investment growth in equipment manufacturing, consumer goods, and information technology, while promoting the transformation of Chinese manufacturing towards high-end, intelligent, and green development [1] - The demand for equipment updates is significant, with a 12.2% year-on-year increase in investment in equipment and tools from January to November 2025, contributing 1.8 percentage points to overall investment growth [1] - The first batch of 625 billion yuan in special bonds for consumer goods replacement has been allocated ahead of schedule, indicating strong governmental support for the initiative [1] Group 2 - The old-for-new consumption policy has opened new market opportunities for Chinese manufacturing, with sales of related products expected to exceed 2.6 trillion yuan in 2025, including over 11.5 million vehicles and 129 million home appliances [2] - The "Two New" policy not only stimulates investment and consumption but also drives quality upgrades in Chinese manufacturing, leading to improved production efficiency and profitability [2] - The shift towards smart and green products is evident, with nearly 60% of replaced vehicles being new energy vehicles and over 90% of replaced home appliances being energy-efficient [3] Group 3 - The optimization of the "Two New" policy is expected to invigorate small and medium-sized enterprises (SMEs) by lowering investment thresholds and streamlining application processes, thus enhancing their competitiveness [3] - The policy encourages a collaborative upgrade across the supply chain, fostering a virtuous cycle of demand and supply, which is essential for the sustainable growth of the manufacturing sector [3] - The dual focus on investment and consumption through the "Two New" policy is set to accelerate China's transition from a manufacturing power to a manufacturing stronghold [4]

Group 1 - The Ministry of Commerce reported that since the implementation of the old-for-new consumption policy in 2024, related product sales have reached 3.92 trillion yuan, benefiting 494 million people [2] - The Ministry of Natural Resources announced new progress in mineral resource exploration, with breakthroughs in chrome ore and unconventional oil and gas exploration [2] - The China Futures Association reported that the cumulative trading volume of the national futures market in 2025 reached 9.074 billion contracts, with a cumulative transaction value of 76.625 trillion yuan, representing year-on-year increases of 17.4% and 23.74% respectively [2] Group 2 - The National Development Bank plans to invest nearly 20 billion yuan in 2025 to support the development of China's elderly care industry and the silver economy [3] - The State Medical Insurance Administration issued a notice to promote convenient payment systems, aiming to establish a comprehensive medical insurance payment system within three years [3] - The National Health Commission and 13 other departments released a plan to address five key issues affecting children and adolescents, including obesity and mental health, with specific targets and responsibilities outlined [3]

坚定不移推动高质量发展，巩固稳中有进良好态势，全力以赴稳经营、提质效。落脚到实践中，就是要 精准捕捉潜在市场需求，创新提升商品和服务品质，以抢抓市场拓展发展空间；坚持向内挖潜，做好全 面预算管理，以强化管理提高发展质量；用好各类支持政策，靠前谋划实施一批重大项目和标志性工 程，以有效投资积蓄发展潜力。 推进布局优化和结构调整，加速构建现代化产业体系。国有经济优化布局和调整结构，不是简单收缩或 盲目扩张，而是坚持核心功能导向，遵循发展规律和改革方向，对国有经济布局进行系统性重构。新能 源、新能源汽车、新材料、航空航天、低空经济、量子科技、6G等，是接续发力的重点领域；具身智 能、生物制造、海洋能、绿色船舶等，是需要超前谋划的前沿赛道。 "新征程上，中央企业要充分认识肩负的职责使命，更好服务党和国家工作大局，服务经济社会高质量 发展，服务保障和改善民生，勇担社会责任，为中国式现代化建设贡献更大力量。"习近平总书记对中 央企业工作作出的重要指示，是国资央企各项工作的总方针、总纲领、总遵循。切实增强核心功能、提 升核心竞争力，以央企新担当护航中国式现代化新征程，已成为广泛共识并正转化为火热实践。 在我国经济社会发展中 ...

Group 1 - TSMC (Taiwan Semiconductor Manufacturing Company) announced an investment of over $197 million (approximately NT$6.227 billion) to acquire new land in Arizona for expanding operations and production [1] - The company is reportedly considering transferring some mature process equipment from Taiwan to its 12-inch plant in Singapore, which would create more space for new machinery and increase advanced process capacity in Taiwan [1][2] - TSMC's Chairman, C.C. Wei, indicated in a previous earnings call that the company is intensifying its U.S. expansion efforts to meet strong long-term demand related to AI [1] Group 2 - The market speculates that TSMC's potential transfer of mature process equipment to the Singapore plant could lead to an upgrade of mature processes to special processes, thereby increasing the overall capacity for advanced processes and advanced packaging [2] - Although TSMC and the related company, World Advanced, did not comment on the rumors, the market reacted positively, with World Advanced's stock price rising significantly [2] - If TSMC proceeds with the transfer, it is expected to enhance its focus on special process applications, with the share of special processes in mature processes potentially exceeding 80% [2]

Group 1 - Qualcomm's CEO confirmed discussions with Samsung Semiconductor for 2nm wafer foundry, marking a return to collaboration after five years, aiming to challenge TSMC's dominance in advanced process orders [1] - Qualcomm's previous flagship chip, Snapdragon 8 Gen 1, was exclusively produced by Samsung at 4nm, but performance issues led Qualcomm to switch to TSMC for subsequent products [1] - Samsung is offering wafer foundry prices at least 30% lower than TSMC to attract Qualcomm for 2nm production, with plans to secure orders for the upcoming Snapdragon 8 Elite Gen 5 [1] Group 2 - Qualcomm is expected to launch its latest flagship chip, Snapdragon 8 Elite Gen 6, in two versions: Pro and Standard, indicating a potential return to a dual foundry strategy with TSMC and Samsung sharing flagship chip orders [2] - The new flagship chip is scheduled for Q4 release, with wafer foundries starting shipments in Q3 for final testing [2] - The CPU architecture will continue to utilize Qualcomm's in-house developed Oryon, with the high-end version expected to support LPDDR6, positioning Qualcomm to deliver a strong AI smartphone for non-Apple brands [2]

Core Viewpoint - The news highlights the ecological restoration and economic development initiatives in the Jiaozhou Bay area of Jimo District, Qingdao, focusing on environmental cleanup, marine economy growth, and tourism development. Group 1: Environmental Restoration - Jimo District has launched the Blue Bay Restoration Action, focusing on six tasks including demolition of illegal constructions, shoreline cleaning, project adjustments, road repairs, greening, and cultural preservation [1] - Over 100 kilometers of natural coastline has been gradually restored through the removal of abandoned aquaculture ponds and shoreline cleaning [1] - Comprehensive environmental remediation has been implemented at 10 fishing ports, with 16 sewage treatment facilities established and operational in the bay area [1] Group 2: Technological Integration - The district plans to use drones for regular inspections of a 1-kilometer area along the coastline to identify garbage accumulation, supported by specialized marine sanitation teams and local government inspections [2] - The ecological protection of islands includes measures for vegetation restoration and invasive species removal, contributing to the tourism appeal of these islands [2] Group 3: Economic Development - Jimo District has seen significant growth in its marine economy, with 227 marine-related enterprises and a marine production value growth rate of 6.8% in the first half of 2025, accounting for 43.2% of the regional GDP [3] - The district is leveraging its ecological advantages to develop cultural and tourism industries, creating various nature and culture-integrated spaces and promoting unique tourism routes [3]

岁末年初，擦窗、保洁、深度清洗、整理收纳……不少家庭把一年一度的大扫除交给了家政人员。预约 平台上，钟点工、小时工的档期迅速排满，家政人员频繁出入千家万户。随之而来的，还有一个被反复 提起却并不总是被认真对待的问题：如果在上门服务过程中发生意外或者不小心损坏业主家的物品，家 政服务人员的风险由谁承担？业主在享受服务便利性的同时，是否也要转移可能面临的风险？ 尽管如此，家政保险仍存在一些现实挑战。比如，不同保险产品对服务对象、服务场景的覆盖差异较 大；涉及婴幼儿、失能老年人的照护风险，责任界定更加复杂。业内人士建议，未来可以针对高频上门 服务场景，进一步细化责任划分，提升保障的针对性。尤其是在老龄化背景下，家政与照护服务边界日 益模糊，相应的风险保障也需要同步升级。 从保险角度看，张容这样的情况为什么能够顺利理赔？大童保险服务商品运营部相关负责人介绍，目前 市场上较为常见的家政服务保险，核心保障集中在3个方面：家政服务人员自身的人身意外、因服务行 为造成的第三方人身或财产损失，以及由此产生的合理医疗费用。 "是否理赔，关键并不只是'有没有受伤'，而是事故是否发生在约定的工作时间、工作场景之内。"上述 负责人表示 ...

此外，从县域金融市场的运行来看，长期深耕县域市场的中小银行积累了稳定的高信任度客户基础，弥 补了大型银行的服务空白，与理财子公司形成优势互补。但中小银行在专业人员储备、科技系统对接、 客户投诉处理等方面还存在短板。理财子公司集中涌入代销赛道可能使产品供给同质化、难以形成差异 化竞争格局，一旦陷入"内卷"将影响行业长期健康发展。 从长远发展的角度看，理财子公司奔赴县域不是简单的业务下沉，而是匹配市场、专业服务、生态构建 的能力闯关。在监管不断加强约束、提高违规成本、压实机构和从业人员责任的背景下，理财子公司需 要重视产品研发与投资管理，向合作方输出投研风控、系统建设、专业培训等以打通技术和能力壁垒； 中小银行则需要深耕客户触达和服务细节，精准洞察特色需求，提高投资者教育和保护水平。只有凝聚 多方力量，在严守合规底线的基础上优化合作模式、协同发挥优势、满足投资者多元需求，才能更好推 动理财子公司下沉县域市场。 （文章来源：经济日报） 银行理财子公司正加速下沉县域市场，密集与各地农商行、城商行等中小银行开展合作。2025年12月以 来，中银理财、建信理财、招银理财、民生理财等发布公告新增代销合作机构，股份制银行和城 ...