Core Insights - Ningbo Bank reported a total operating income of 71.968 billion yuan for the year 2025, reflecting a year-on-year growth of 8.01% [2] - The net profit attributable to shareholders reached 29.333 billion yuan, with a year-on-year increase of 8.13% [2] - The non-performing loan ratio stood at 0.76%, with a provision coverage ratio of 373.16% [2] Financial Performance - Total loans and advances amounted to 1,733.313 billion yuan, an increase of 257.25 billion yuan, representing a growth of 17.43% [2] - Total deposits reached 2,024.883 billion yuan, with an increase of 188.538 billion yuan; demand deposits accounted for 70.84% of the new deposits [2] - The interest-bearing deposit rate decreased by 33 basis points year-on-year, with a December 2025 rate of 1.42%, down 44 basis points from the previous year [2] Operational Strategy - The bank maintained its commitment to customer service and effectively implemented its financial strategies, contributing to steady operational performance and high-quality development [2] - Since its listing in 2007, Ningbo Bank has maintained a non-performing loan ratio below 1% for 18 consecutive years, ensuring a strong foundation for sustainable growth [2]

Group 1 - The International Aluminium Institute (IAI) reports that global primary aluminium production in December 2025 is projected to be 6.296 million tons, an increase from 6.266 million tons in the same month of the previous year [1] - The revised figure for the previous month indicates a production of 6.085 million tons [1]

Group 1 - The core point of the article highlights that Malaysia's palm oil export volume from January 1 to January 20 reached 947,939 tons, representing an increase of 11.4% compared to 851,057 tons during the same period last month [1]

Core Insights - Greenland Jinchuang Technology Co., Ltd. launched China's first carbon credit-linked digital asset on January 20, which sold out within ten minutes, indicating strong public recognition of carbon credit assets [1][2] - Each digital asset corresponds to one ton of verified greenhouse gas voluntary emission reductions, sourced from the energy-saving renovation project of the Xuzhou Greenland Platinum Hotel, which achieved a verified reduction of 1,301 tons of CO2 [1][2] Summary by Sections Product Launch - The digital asset has a total issuance of 500 units, priced at 88 yuan per unit, with a phased release mechanism [1] - The priority purchase phase sold 109 units, with the remaining 91 units available for public purchase, which sold out in under ten minutes [2] Market Reception - The rapid sell-out of the digital asset reflects high market demand and enthusiasm for quality carbon credit digital assets [2] - The digital asset can be traded on the "Guowen Digital Asset" trading platform under the Jiangsu Provincial Cultural Exchange Center [2] Additional Benefits - Successful purchasers will receive a membership card for the Greenland G-Care program, offering discounts and benefits at Greenland hotels, enhancing the value proposition of the digital asset [2] - The product combines carbon credit rights with cultural and consumption rights, establishing a new benchmark for ESG practices in the industry [2]

Group 1: Policies for Small and Micro Enterprises - The Ministry of Finance and four other departments announced a loan interest subsidy policy for small and micro enterprises, providing a subsidy of 1.5% per year for a maximum of 2 years, with a loan cap of 50 million yuan per enterprise and a maximum subsidy of 1.5 million yuan per enterprise [1] - A special guarantee plan with a scale of 500 billion yuan has been established to support loans for small and micro enterprises, covering various operational activities such as upgrading and renovation of facilities [1] Group 2: Personal and Equipment Loan Subsidies - The implementation period for the personal consumption loan interest subsidy policy has been extended to the end of 2026, allowing residents to enjoy subsidies for eligible consumption during this period [2] - The equipment renewal loan interest subsidy policy has been optimized, providing a 1.5% subsidy on fixed asset loans for equipment renewal projects, with a maximum subsidy period of 2 years [2] - The service industry loan interest subsidy policy has been expanded to include additional sectors such as digital, green, and retail consumption [2] Group 3: Economic Indicators and Market Reactions - The Loan Prime Rate (LPR) remained unchanged for the eighth consecutive month, with the 1-year and 5-year rates at 3.0% and 3.5% respectively [2] - Domestic fuel prices will increase by 85 yuan per ton starting January 20, marking the first price hike of 2026 due to rising international oil prices [3] Group 4: International Market Developments - International gold prices reached a new historical high, with both gold and silver prices surpassing 4700 USD and 95 USD per ounce respectively, influenced by tensions in US-EU trade relations [5]

Group 1: Market Overview - The domestic commodity futures market continued to show weak differentiation and volatility on January 20, with the metal sector generally rebounding, led by lithium carbonate which hit the daily limit with a 9% increase [1][2] - The comprehensive market price index closed at 1675.54 points, up 10.84 points or 0.65% from the previous trading day, while the commodity futures index closed at 2310.52 points, also up 14.95 points or 0.65% [1] Group 2: Precious Metals - Spot gold prices broke through the $4700 per ounce mark, reaching above $4720, driven by rising risk aversion due to escalating trade disputes between the U.S. and Europe [2] - The rise in gold prices also supported silver, platinum, and palladium prices [2] Group 3: Lithium Market - Lithium carbonate futures rebounded strongly, closing at a limit-up price with an increase of 8.99% [2] - Despite recent price declines and regulatory pressures, there is strong purchasing interest from downstream sectors, indicating potential for future price stability [2] Group 4: Energy and Chemical Sector - The energy and chemical sector experienced widespread declines, with coking coal and coke prices dropping by 4.50% and 3.54% respectively, leading the market downturn [4] - The supply pressure in the coking coal and coke markets remains significant, with increased imports and rising inventories contributing to a bearish outlook [4] Group 5: Other Chemical Products - Other chemical products also showed weakness, with glass and soda ash prices falling by 3.12% and 2% respectively, and several other chemicals declining by over 2% [5] - Aluminum oxide prices fell by 2.91%, returning below 2700 yuan per ton, as the market continues to face oversupply issues [5]

Core Viewpoint - Shanghai aims to enhance the internationalization and resource allocation capabilities of the non-ferrous metal commodity market through the "Action Plan" which focuses on strengthening the linkage between futures and spot markets [1][4]. Group 1: Strategic Importance of Non-Ferrous Metals - Non-ferrous metals play an increasingly vital role in the national economy, especially with the growth of strategic emerging industries such as new energy vehicles, aerospace, and semiconductors [2]. - Shanghai has developed a linked market structure for non-ferrous metals, integrating futures, spot, and over-the-counter derivatives markets [2][3]. - The Shanghai Futures Exchange has listed 11 non-ferrous metal futures and 10 options, with some products gaining global pricing capabilities, positioning Shanghai among the top three global pricing centers for non-ferrous metals [2]. Group 2: Market Infrastructure and Services - The Shanghai Clearing House has established a framework for over-the-counter commodity derivatives trading and provides central counterparty clearing services for various products, enhancing risk management for non-ferrous metals [3]. - Local trading platforms like the Shanghai Nonferrous Metals Trading Center are pivotal in supporting the development of the non-ferrous metal spot market [3]. Group 3: Action Plan Measures - The "Action Plan" includes 18 measures aimed at promoting the interconnectivity of the non-ferrous metal market, enhancing the efficiency and safety of settlement processes, and encouraging participation from various industries [4][5]. - It emphasizes the need to improve the internationalization of the non-ferrous metal market and enhance the influence of "Shanghai prices" through high-level institutional openness and cross-border delivery mechanisms [4]. - The plan also focuses on cultivating a competitive ecosystem for non-ferrous metal trading, promoting collaboration across the supply chain, and leveraging blockchain technology for data sharing [5].

Core Viewpoint - The National Development and Reform Commission announced an increase in domestic gasoline and diesel prices by 85 yuan per ton, effective from January 20, due to rising international oil price fluctuations [1]. Price Adjustment Summary - The adjustment is based on the average price comparison of the first ten working days of January with the previous adjustment period [1]. - The new maximum retail prices for gasoline and diesel across various provinces and cities are detailed in the accompanying table [2][3]. Regional Price Details - The maximum retail prices for gasoline and diesel in major cities and provinces are as follows: - Beijing: Gasoline 8435 yuan, Diesel 7450 yuan - Shanghai: Gasoline 8415 yuan, Diesel 7420 yuan - Guangdong: Gasoline 8545 yuan, Diesel 7550 yuan - Other regions have varying prices, with the highest recorded in Chongqing at Gasoline 8612 yuan and Diesel 7625 yuan [3]. Compliance and Market Stability - Major oil companies, including PetroChina, Sinopec, and CNOOC, are required to ensure stable supply and adhere to national pricing policies [5]. - Local authorities are tasked with increasing market supervision and addressing any violations of the pricing policy to maintain market order [5].

Core Insights - The total import and export value of Shandong Province is projected to reach 3.53 trillion yuan by 2025, representing a year-on-year growth of 4.5% and accounting for 7.8% of the national total [1] - Exports are expected to be 2.16 trillion yuan, growing by 4%, while imports are anticipated to reach 1.37 trillion yuan, increasing by 5.1% [1] Trade Performance - The number of foreign trade enterprises in Shandong has reached 80,500, with 74,800 being private enterprises [1] - The import and export value of private enterprises is 2.69 trillion yuan, making up 76.3% of the province's total [1] Belt and Road Initiative - Shandong's trade with countries involved in the Belt and Road Initiative is projected to be 2.26 trillion yuan, which constitutes 64.1% of the total import and export value [1] Product Export Breakdown - By 2025, the export of electromechanical products is expected to be 1.06 trillion yuan, representing 48.9% of total exports [1] - Specific product categories such as automobiles, electronic components, and gaming machines are projected to see export growth rates of 22.4%, 23.2%, and 25.7% respectively [1] - High-tech product exports are expected to grow by 34.6%, while the "new three samples" products are projected to increase by 37% [1]

数字化转型取得明显成效。全省1.8万家企业完成入企诊断，1.4万家实施数字化改造，形成"龙头引领、 中型跃升、小微上云"的梯次格局。建设26家数转促进中心和103家数字化诊所，整合1300余家数字化服 务商，累计入企服务12万次。 产业链群融合发展进一步提升。2025年，江西以"优布局、育龙头、促升级、建生态、强保障"为重点任 务，印发产业集群提能升级实施方案。新增国家级中小企业特色产业集群3个、省级先进制造业集群5 个、省级特色装备制造产业试验区4个。新认定链主企业37家，总数达121家。 （文章来源：新华财经） 新华财经南昌1月20日电（记者崔璐）记者从江西省工业和信息化工作会议获悉，2025年江西省规模以 上工业增加值同比增长7.5%，列全国第12位，工业对全省经济社会发展支撑坚实稳固。 会议介绍，2025年江西省工信系统从抓项目促投资、力推制造业数字化转型、产业集群提能升级等方面 着力，加快构建江西特色和优势的现代化产业体系。 抓项目促投资扎实有力。江西深入实施重大项目建设"十百千万"工程，大力推进"千项技改、万企升 级"行动，2025年1至11月工业投资同比增长6.5%，高于全国平均水平2.5个百分 ...