资本市场再融资规则迎来重要优化。2月9日，沪深北交易所宣布推出优化再融资一揽子措施，围绕优质 公司支持、科创企业适配、机制便利化三大核心方向，优化审核节奏。在业内人士看来，优化再融资一 揽子措施既提升了再融资效率，也严守投向主业与规范运作底线，释放了鲜明的"扶优、扶科、稳预 期"政策信号。 此外，沪深北交易所还表示，支持优质上市公司将募集资金用于与主营业务有协同整合效应的新产业、 新业态、新技术领域，投向第二增长曲线业务，同时严防盲目跨界投资、多元化投资。 中关村物联网产业联盟副秘书长袁帅告诉北京商报记者，此次沪深北交易所优化再融资一揽子措施，核 心是在坚守监管底线的前提下，全面激活资本市场服务实体经济的能力，通过差异化支持、精准引导与 灵活监管的结合，构建更适配市场需求的再融资生态。政策传递了对优质上市公司的鼓励信号，明确提 出对经营治理规范、市场认可度高的企业优化审核流程，提高再融资效率，体现了监管层对优质主体的 倾斜支持，助力其借助资本市场实现快速发展。 袁帅进一步指出，沪深北交易所优化再融资一揽子措施，其市场意义体现在多个层面。首先是对上市公 司群体的直接赋能，优质企业能够更高效地获取资金，加速研发投 ...

"以前总担心发工资被拖延，现在用数字人民币发薪放心太多了，钱直接发到自己手机里，谁也碰不 到，工资明细清清楚楚，心里也踏实了。"春节临近，来自成都某建筑工地的农民工王同林收到了一笔 特殊的工资。 2月9日，北京商报记者注意到，数字人民币智能合约拓展了在智能代发领域的新场景，即为农民工发放 工资。由于智能合约拥有合同数字化、自动化和强制执行等特点，农民工工资能够按照明细足额发放且 资金不被挪用，有效规避了传统建筑行业"人卡分离、造表发薪、糊涂账多"等问题。值得注意的是，数 字人民币智能合约在预付资金管理、供应链金融、企业集团财务管理、补贴发放等领域也有多个试点应 用。而随着数字人民币2.0时代的到来，智能合约还有更多拓展空间。 全国首单业务落地成都 保障农民工工资支付是中央1号文件的重要内容。在业内人士看来，数字人民币智能合约在农民工工资 发放场景的落地，既是对欠薪治理痛点的精准回应，也是数字金融服务民生的重要突破，其现实意义远 超技术应用本身。品牌IP营销专家、广州思益得首席策略官陈彦颐认为，传统模式下，工程款层层流转 导致欠薪频发，智能合约将"钱"与"合同"绑定，资金用途被代码锁定，实现"钱随事走、专款专用 ...

对于重大案件，监管层的处罚更是绝不手软。余韩因操纵市场，被合计罚没超10亿元；严肃查处*ST长 药严重财务造假案件，对上市公司罚款1000万元，对14名责任人合计罚款3100万元，对公司原总经理罗 明采取终身证券市场禁入措施。*ST长药涉嫌触及重大违法强制退市情形，深交所将依法启动退市程 序。 "准"是"快"的前提。以容百科技为例，在短时间内，监管层已经把问题查得明明白白。正是有了精准定 性，才能为监管层依法依规快速作出处罚提供依据。 对资本市场违法违规行为采取"零容忍"的态度，监管层的高压式监管已常态化。有统计数据显示，今年 以来，已经有逾20家上市公司被立案或者处罚。 在科技赋能之下，大数据的广泛运用进一步提升了监管的精准性。监管层就像有了"火眼金睛"，能快速 发现异常交易和虚假信息，监管效率大幅提升。 严管之下，资本市场的违法成本越来越高。根据预罚单，容百科技及其董事长、董秘分别被处以警告且 金额不等的罚款。这种一人犯错、多方担责的模式形成了极强的震慑力。 容百科技2月6日收到预罚单，距1月18日被证监会立案调查仅仅过了19天，如此极速的全流程闭环监管 处罚，彰显了资本市场"快准严"的监管新生态。对违法 ...

关于"机器人春晚"的一切，起源于一个想法，和一堆待解的问题。 2025年12月下旬，在确认全年销售额与发展目标均顺利达成后，一个颇为大胆也颇有难度的念头在智元机器人内部悄然成形，团队希望用行 业独有的方式庆祝成果，也向客户伙伴、大众表达谢意。 "所以，办一场完全由机器人主导的晚会，成了这个想法最直接的落地方式。"智元机器人CMO邱恒告诉北京商报记者。 在那之后，邱恒新添了一层身份——《机器人奇妙夜》总监制。2月8日晚8点，这场全球首个大型机器人晚会如期开播，200多台涵盖人形、 四足等多个系列的机器人，在武术、小品、魔术等不同类型的节目中轮番献艺。 由于形式和规模几乎都是全球首创，没有太多现成案例可供参考，很多节目都是智元抱着"试一试"的心态设计摸索、边打磨边调整。吊威 亚、耍火棍、演小品、变魔术，这些人类晚会上的常见形式，被团队搬到了机器人的舞台上，甚至台下的观众也是硅基生命。 总时长约一小时的晚会在全体机器人谢场后落幕，但将视野放宽至整个"春节档"，智元登台只是大戏的一章——在此之前，魔法原子、银河 通用、宇树科技、松延动力4家具身智能企业已先后确认将登上央视马年春晚舞台，创下春晚历史上机器人品牌集中亮相 ...

Core Viewpoint - The recent surge in the photovoltaic sector is significantly influenced by Elon Musk's support for space solar power, which has ignited interest and investment in this area, leading to substantial market movements in A-share photovoltaic stocks [1][4][5]. Industry Overview - The photovoltaic industry is currently experiencing an oversupply of capacity, with intense competition leading to a decline in future growth prospects. The China Photovoltaic Industry Association predicts a decrease in new installed capacity in 2026, estimating a range of 180-240 GW, which represents a year-on-year decline of 23.81%-42.86% [1][12]. - The emergence of space solar power is seen as a potential solution to the industry's search for new growth avenues, driven by the expanding demand from commercial space ventures [2][12]. Market Dynamics - Following Musk's endorsement of space solar power, the photovoltaic sector saw a significant market rally, with the total market capitalization of A-share photovoltaic stocks recovering over 200 billion yuan within a short period [3][5]. - On February 9, 2023, leading photovoltaic stocks such as Xiexin Integrated and TCL Zhonghuan reached their daily price limits, reflecting strong investor sentiment and profit-taking opportunities [3][5]. Technological and Developmental Insights - Space solar power involves deploying large solar power stations in space to convert solar energy into electricity, which can then be transmitted back to Earth or used to power satellites and space stations. This technology offers advantages over ground-based solar power, such as uninterrupted sunlight and higher intensity [4][12]. - However, the development of space solar power is still in its early exploratory stages, with various factors such as technological advancements, industry policies, and market conditions influencing its commercialization [2][12]. Company Responses and Market Sentiment - Several leading photovoltaic companies have issued statements regarding their current lack of involvement in space solar power projects, emphasizing that their primary business remains focused on ground-based solar power [9][10]. - Despite the excitement surrounding space solar power, companies express caution regarding the sustainability of stock price increases without corresponding improvements in operational performance [10][11]. Future Outlook - The potential for space solar power to become a significant component of the future energy system is acknowledged, with experts suggesting that it is moving beyond mere concept to the brink of large-scale deployment [13][14]. - The growth of space solar power is contingent upon advancements in technology, cost reductions, and the successful integration of commercial applications, which will require time to validate [14].

岁末年初历来是券商研究领域的人事变动高峰期，2026年同样如此。开年以来，有中型券商集中"换 血"，也有头部机构进行布局调整，从各家分析师的流动看，呈现"离职集中、高端集聚、赛道分化"的 特点。据中证协执业信息及公开资料，开年仅一个多月，已有十余名券商分析师发生离职、跳槽或履 新。其中，浙商证券成为人员调整最为集中的机构之一。与此同时，部分头部券商在宏观策略、海外研 究等方向持续加码。业内人士认为，2026年开年的人事变动潮，本质是卖方研究从"规模扩张"向"质量 竞争"转型的阵痛。 对于本轮人事变动，某券业知名分析人士向北京商报记者透露，从过往经验看，分析师在一家券商的任 职时间大多在3—4年，此次开年密集出现人事调整也属正常情况，相关分析师也可能都在探索新的发展 方向。据其分析，本轮调整应属于各家券商研究所正常的更新换代，并非被动调整或其他因素，而时间 上的集中也可能是一种巧合。 两位领军人物现调整 2026年初，券商研究领域人事变动越发频繁。头部券商研究所在跨境研究、宏观策略等关键方向出现人 事调整。北京商报记者注意到，兴业证券原经济与金融研究院联席院长、全球首席策略分析师张忆东已 于今年2月正式加盟国泰 ...

Core Viewpoint - The gold market is experiencing a surge in demand ahead of the Spring Festival, with spot gold prices stabilizing above $5000 per ounce, while financial institutions are adopting a cautious approach by tightening investment criteria and risk assessments [1][4][5]. Group 1: Gold Price Dynamics - As of February 9, spot gold prices reached a high of $5047.257 per ounce, marking a significant recovery above the $5000 threshold [1]. - The current bull market for gold has seen prices increase by over 246% since September 2022, with a notable rise of 64.56% in 2025 alone [3]. - Despite recent volatility, including a sharp drop to $4402.06 per ounce, gold prices rebounded quickly, indicating strong market resilience [3][4]. Group 2: Institutional Responses - Major banks have raised the entry thresholds for gold investment, with institutions like China Construction Bank increasing the minimum amount for gold accumulation to 1500 yuan [5][6]. - Risk assessment standards have been tightened, requiring clients to achieve a cautious risk rating before engaging in gold accumulation products [6]. - These measures are in response to the heightened volatility in gold prices and aim to protect inexperienced investors from potential losses [6]. Group 3: Consumer Behavior and Recommendations - There is a growing demand for physical gold products, with banks reporting shortages and advising customers to purchase online [8][9]. - Consumers are encouraged to clarify their purchasing intentions, distinguishing between investment and consumption, and to consider strategies like dollar-cost averaging to mitigate risks [10][11]. - The market is expected to remain volatile during the Spring Festival, with predictions of gold prices fluctuating between $4600 and $5000 per ounce [11].

北京商报讯（记者 王蔓蕾）2月9日晚间，裕太微（688515）披露公告称，公司实际控制人将由史清、 欧阳宇飞变更为无实际控制人。 公告显示，本次权益变动系裕太微股东史清、欧阳宇飞、唐晓峰、苏州瑞启通企业管理合伙企业（有限 合伙）（以下简称"瑞启通"）签署的《一致行动协议》到期终止，同时股东瑞启通的执行事务合伙人由 欧阳宇飞变更为公司核心技术人员张棪棪。《一致行动协议》到期终止，瑞启通执行事务合伙人变更 后，公司实际控制人将由史清、欧阳宇飞变更为无实际控制人。 裕太微表示，本次一致行动关系变动及公司实际控制人发生变更不会导致公司主要业务发生变化，不会 对公司主营业务和财务状况产生重大影响，不会对公司日常经营活动产生不利影响；不会影响公司的人 员独立、财务独立和资产完整，亦不会导致公司控制结构出现不稳定状态，公司仍具有规范的法人治理 结构，不存在损害公司及中小股东利益的情形。 ...

Core Viewpoint - The recent surge in the photovoltaic sector is significantly influenced by Elon Musk's support for space photovoltaic technology, which has ignited interest and investment in the Chinese capital market [1][2]. Group 1: Market Dynamics - From January 23 to February 9, the A-share photovoltaic sector regained over 200 billion yuan in market value [2][13]. - On February 9, the photovoltaic sector saw a substantial increase, with companies like GCL-Poly and TCL Zhonghuan hitting their daily price limits [4][11]. - The total market capitalization of 70 photovoltaic stocks reached approximately 1,994.06 billion yuan, up from about 1,791.88 billion yuan on January 22 [12][13]. Group 2: Industry Challenges and Opportunities - The photovoltaic industry is currently facing an oversupply situation, with a projected decline in new installations in 2026 by 23.81% to 42.86% compared to previous years [2][20]. - Space photovoltaic technology is emerging as a potential solution to the industry's growth challenges, driven by the increasing demand from commercial space ventures [2][20]. - Despite the excitement around space photovoltaic technology, it remains in the early stages of exploration, with various factors influencing its industrialization process [2][21]. Group 3: Corporate Developments - Tesla is reportedly evaluating locations in the U.S. to expand its solar battery manufacturing business, which could create opportunities for Chinese photovoltaic companies to enter its supply chain [5][6]. - Companies like GCL-Poly and Trina Solar have confirmed that they are exploring the space photovoltaic sector, although they currently do not have related orders impacting their financial performance [15][16]. - Many photovoltaic companies are cautious about the rapid stock price increases, with some issuing risk warnings to investors [14][15]. Group 4: Future Outlook - The Chinese Photovoltaic Industry Association forecasts that the domestic photovoltaic installation scale will rebound after a short-term adjustment, with a projected range of 180 to 240 GW in 2026 [20]. - The development of space photovoltaic technology is seen as a potential new growth area for the industry, although it requires time for technological validation and market acceptance [21][22]. - The successful deployment of low-orbit satellite constellations and advancements in launch capabilities are critical for the growth of space photovoltaic applications [22].

北京商报讯（记者 陶凤 王天逸）2月9日，乐聚机器人宣布，与上电科旗下上海机器人产业技术研究院 签署战略合作协议。双方将聚焦人形机器人产品检测认证、行业标准制定等领域，驱动产业向更可靠、 更智能、更高效迈进。 ...