Core Viewpoint - The restructuring of China-U.S. Bristol-Myers Squibb (BMS) marks a significant shift in the landscape of joint ventures in the pharmaceutical industry, driven by declining performance and strategic realignment [1][10]. Group 1: Share Transfer Details - Shanghai Pharmaceuticals plans to publicly transfer its 30% stake in China-U.S. Bristol-Myers Squibb through a property trading platform, with a minimum listing price of RMB 1.023 billion [1][5]. - BMS previously sold its 60% stake in the joint venture to Hillhouse Capital, with the transaction expected to complete in early 2026 [5][6]. - The transfer of shares is part of a broader trend where early joint ventures in the pharmaceutical sector are undergoing ownership changes and brand integrations [1][10]. Group 2: Financial Performance - China-U.S. Bristol-Myers Squibb's revenue has declined over 60% from its peak of nearly RMB 5 billion in 2016 to an estimated RMB 1.795 billion in 2024 [1][8]. - The company reported a net profit of only RMB 248 million in 2024, with revenues of RMB 1.096 billion in the first three quarters of 2025 [8][9]. - The decline in performance is attributed to market pressures and an aging product line, with key original drugs losing patent protection and facing competition from low-cost generics [9][11]. Group 3: Strategic Implications - The decision by Shanghai Pharmaceuticals to divest its stake is seen as a rational choice to maximize asset value and protect shareholder interests, particularly for minority shareholders [9][10]. - The shift in focus from mature drug businesses to innovative drug development aligns with the strategic direction of Shanghai Pharmaceuticals [9][11]. - The exit of early joint venture giants from the market reflects a significant transformation in the Chinese pharmaceutical landscape, driven by policy changes and evolving market dynamics [10][11].

研学游近年来成为热门的旅行方式，大兴机场积极对接各中小学校，做好"发现'兴'世界"讲解服务，工 作人员将带领学生们深度游览航站楼，以"新国门"故事为线索，沿途介绍大兴机场建设运营历程中的突 出成就和实景案例。 此外，大兴机场还将出行服务前移至客源地高校，近年来携手南航、东航、国航、中联航、厦航等10余 家驻场航司，积极与北京高校、廊坊高校建立联动机制，深入了解大学生群体的出行偏好，有针对性地 提供航空优惠产品及出行服务支持，满足大学生出行需求。 北京商报讯（记者 吴其芸）2月5日，北京商报记者从北京大兴国际机场（以下简称"大兴机场"）获 悉，春运叠加寒假，儿童学生旅客群体进一步增多，大兴机场携手驻场单位积极做好各项服务保障，完 善便捷的出行服务与设施。 针对假期出行的小旅客，大兴机场服务人员将主动识别引导，提供贴心帮助，航站楼国内候机区内设有 飞机模型、树林小屋等游乐设施，近期还推出"归兴肆见"主题市集，展销特色产品。此外，机场工作人 员将在儿童活动区、音乐花园、电扶梯等关键点位做好巡视，提示小旅客避免追跑攀爬、不安全使用手 推车等行为，还在部分柜台安装了防撞角，避免磕碰意外。 ...

北京农商银行改制成立于2005年10月19日，是国务院首家批准组建的省级股份制农村商业银行，前身是 创立于1951年的北京市农村信用合作社。 北京商报讯（记者 宋亦桐）2月5日，北京商报记者注意到，据北京农商银行官方微信公众号显示，2月 4日，北京农商银行召开行党委四届五次全会暨2026年工作会，该行党委书记白晓东代表行党委和经营 班子作工作报告，行党委副书记田晖主持会议并作总结讲话。 公开资料显示，白晓东，男，此前为北京农商银行党委副书记、行长、董事，北京农商银行董事会战略 委员会（消费者权益保护委员会）委员、风险管理委员会委员、关联交易控制委员会委员、三农金融服 务委员会（乡村振兴金融服务委员会）委员，兼任中国银行业协会理事及农村中小银行工作委员会常务 委员。历任北京市农村金融体制改革办公室营业部主任，中国人民银行北京分行农金处副处级调研员， 北京市信用合作协会筹备办公室副处级调研员，北京市农村信用合作社营业部主任，北京市农村信用合 作社联社主任助理，北京农商银行资金与债券部总经理、副行长、监事长等职务。 在此之前，北京农商银行原党委书记、董事长关文杰已赴任北京银行。 ...

Core Viewpoint - The A-share banking sector experienced a collective rise, with all 42 stocks showing positive performance, particularly among small and medium-sized banks [1][2] Group 1: Market Performance - The banking sector index rebounded from a low of 6627.36 points on January 29 to close at 6904.39 points, indicating a clear recovery trend [1] - Qingdao Bank led the sector with a 23.88% increase, followed by Ningbo Bank at 15.81%, and several other banks showing gains exceeding 8% [1] Group 2: Factors Driving the Rise - Multiple factors contributed to the rise in bank stocks, including positive earnings forecasts for 2025, stable revenue and net profit growth, and improving asset quality [2] - The banking sector is expected to continue the "early investment, early returns" strategy in 2026, with projected new credit accounting for 62%-65% of the annual total in the first quarter [2] - A shift in market sentiment from growth to value has led to a flow of funds back into undervalued banking stocks, which are seen as defensive investments [2]

Core Insights - The article highlights the launch of the V5000 Tianji Long, the world's first 5-ton eVTOL developed by Fengfei Aviation, marking a significant milestone in the low-altitude aviation industry [1] Company Overview - Fengfei Aviation is recognized as the first and only company globally to successfully achieve conversion flight for a 5-ton eVTOL, establishing its leadership in the low-altitude aviation sector [1] Product Features - The V5000 Tianji Long is noted for its innovative design, featuring a family-style composite wing configuration and a unique three-surface layout, equipped with 20 fifth-generation lift motors [1] - The pure electric version of the V5000 has a maximum range of 250 kilometers, while the hybrid version can reach up to 1500 kilometers [1] - The passenger version can accommodate 10 people, and the cargo version is capable of transporting ton-level goods [1] Economic Impact - The 5-ton platform is expected to significantly reduce the "seat kilometer/ton kilometer" operational costs, enhancing the economic feasibility of low-altitude travel and transportation [1] Demonstration and Events - On the day of the announcement, the V5000 Tianji Long conducted a public demonstration flight alongside the V2000CG Kairi Ou at Fengfei Aviation's Bailian Lake low-altitude base, which also marked the base's first public appearance as an eVTOL comprehensive base [1]

Core Viewpoint - Liu Xiaoqing, a 75-year-old actress, has gained significant attention for selling her calligraphy works during live streams, with the topic "Liu Xiaoqing sells calligraphy for a thousand gold" reaching over 4.5 million views on Weibo, highlighting the intersection of celebrity culture and market demand for nostalgic products [1] Pricing Controversy - The most popular calligraphy piece, a "Fu" character, is priced at 1,088 yuan, with 50 pieces sold, while other pieces are priced as high as 3,999 yuan [4] - Liu Xiaoqing's live stream on February 1 sold 26 items, generating nearly 240,000 yuan in sales, with prices ranging from 199 to 3,999 yuan [4] - Consumer reactions are mixed, with some viewing the purchase as valuable due to the interaction with the celebrity, while others criticize the pricing as exploitative [4][6] Market Dynamics - Experts note that the sale of celebrity signatures and calligraphy is a legitimate market activity, but there are concerns about the sustainability of the pricing model and the potential for market backlash if the perceived value does not align with actual artistic merit [5][6] - The reliance on celebrity status for sales may dilute the perceived scarcity of the products, leading to a potential loss of consumer interest over time [7] Delivery Challenges - The live selling format introduces uncertainties, such as the quality of the calligraphy, which can lead to consumer dissatisfaction and trust issues [6][7] - Liu Xiaoqing has faced penalties for failing to meet delivery deadlines, indicating the pressures associated with live selling [6] Artistic Value Debate - There are ongoing debates regarding whether Liu Xiaoqing's calligraphy qualifies as true art, with some experts arguing that her celebrity status allows her to command prices that ordinary calligraphers cannot achieve [8] - The commercialization of her calligraphy raises questions about the relationship between emotional value and market pricing, as consumers weigh the worth of the art against the celebrity's fame [8] Investment and Resale Market - The resale market for Liu Xiaoqing's calligraphy is emerging, with prices ranging from 280 to 2,980 yuan, indicating a potential disconnect between initial sale prices and resale values [9] - Experts suggest that the current offerings lack significant artistic or collectible value, primarily serving as a means for the celebrity to capitalize on her fame [9][10] Cultural Consumption Trends - The phenomenon of celebrity calligraphy sales reflects broader trends in cultural consumption in the digital age, where emotional connections and marketing strategies play crucial roles in driving sales [10] - The need for authenticity and respect for artistic value is emphasized as essential for sustaining consumer interest and preventing the market from becoming a fleeting commercial bubble [10]

北京商报讯（记者 李海媛）2月5日，有媒体报道称，小红书对部分"基金实时估值博主"实施了禁言处 理。对于上述情况，北京商报记者采访小红书，但截至发稿未收到回复。 北京商报记者查询发现，当前在小红书搜索"基金实时估值"，仍有不少自2月以来新发布的帖子，指引 投资者搜索、查看基金实时估值情况，且未被禁言。此外，更有部分帖子提供链接可以跳转第三方平台 或提供IP地址。例如，记者通过相关帖子的教程，搜索并跳转名为"估估助手"的第三方平台后，输入基 金代码即可看到相关基金的实时估算涨幅及估算净值。 此前，监管在1月29日发布的2026年第1期机构监管情况通报提到，日常监管关注到部分基金销售机构和 非持牌的第三方平台重新上架"基金实时估值"功能，直接提供或通过"净值参考"、"板块涨跌"等形式变 相提供"基金实时估值"功能，同时还衍生出按平台当日申购金额排序的"加仓榜"、展示用户持仓收益和 明细的"实盘榜"等。上述功能可能误导投资者，摊薄基金产品收益，引发投诉纠纷，应当予以规制。 上述通报还提到，基金销售机构及第三方网络平台要加强自查自纠，按期下架"基金实时估值"、"加仓 榜"、"实盘榜"等功能，杜绝误导投资者的行为。 ...

北京商报讯(记者蔺雨葳)2月5日，国家市场监督管理总局召回中心发布的消息显示，日前，捷豹路虎(中 国)投资有限公司根据《缺陷汽车产品召回管理条例》和《缺陷汽车产品召回管理条例实施办法》的要 求，向国家市场监督管理总局备案了召回计划。 本次召回范围内的车辆，由于生产装配问题，变速箱换挡控制模块内的挡位指示灯可能无法正常点亮， 造成驾驶员无法识别车辆挡位状态，增加事故风险，存在安全隐患。 召回编号S2026M0012V：自即日起，召回2025年8月27日至2025年8月29日期间生产的部分进口2025款 路虎揽胜、揽胜运动版汽车，共计16辆。 捷豹路虎(中国)投资有限公司将为召回范围内车辆免费更换变速箱换挡控制模块，以消除安全隐患。 ...

健康服务板块成为本次活动的一大亮点，来自西苑医院、北京老年医院、海淀医院、温泉社区卫生服务中心的专家团队现场坐诊，还有先进的医疗企业为市 民提供关节肌肉健康咨询、运动损伤防护义诊服务，针对老年人、运动爱好者等不同人群的需求，给出专业的健康建议和运动指导。 此次"体育过大年"活动，是海淀区体育局、海淀区体育场馆管理中心深入推进全民健身工作的生动实践，更是在传统节日深入推进体育+融合发展的创新探 索。未来，海淀区将继续以群众需求为导向，整合体育场馆资源，打造更多特色体育品牌活动，推动文商旅体展融合发展。 北京商报讯（记者 金朝力）2月5日，由海淀区体育局、海淀区体育场馆管理中心主办，温泉体育中心承办，温泉镇市民活动中心协办的"场馆开放日"活动 在温泉体育中心启幕。本次活动以"活力新场馆 体育过大年"为主题，汇聚400余名地区健身爱好者，打造了一场集文体演出、科技探秘、健康义诊、非遗体 验、商品展卖、运动互动于一体的新春活动，让市民在运动中感受年味，在欢乐中收获健康。 ...

北京商报讯（记者 赵述评 实习记者 毛思怡）2月5日，北京商报记者获悉，临近春节，北京市市场监管部门聚焦新发地、大洋路、北菜鲜农批等大型农批 市场，开展节前畜禽产品质量安全夜查。此次夜查共查验运输车辆42辆，累计快检产品42批次，未检出不合格样品。 据了解，北京市市场监管局在2025年下半年牵头搭建食品安全数字化追溯平台，并在全市农贸市场、商超内猪肉销售商户推行"北京市食品安全追溯码"， 消费者扫码即可查询猪肉从屠宰到销售的全链条信息。 同时，北京市市场监管部门同步开展监督抽检，形成"凭证核查+快速检测+监督抽检"的三重保障。北京商报记者了解到，现场执法人员会对进入市场的 畜禽产品逐车查验、逐证核对，票证不全、货证不符或来源不明的肉类产品一律禁止进入市场。而通过票证核查的产品，将进入下一轮查验——市场快速 检测。 新发地市场食品快检室负责人李常菊介绍，市场引入了第三方检测机构，对进场销售的畜禽产品，实行"进场一批、快检一批、合格一批、销售一批"的管 控措施。其中，对猪肉、牛肉、羊肉等畜禽产品，将重点检测瘦肉精、水分等指标。市场快检室24小时运转，交易高峰时段会增派人手，30分钟内出具快 检结果。经过票检、快检 ...