如果说人口增长率转负已经为老龄化加剧敲响警钟，那么预期寿命延长则进一步提示了这种风险。2025 年，法国女性预期寿命为85.9岁，男性为80.3岁，均处于"历史高位"，高于欧洲平均水平。报告特别提 醒，法国"65岁及以上人口"与"20岁以下人口"占总人口的比重已然持平，分别为22.2%和22.5%。 目前，法国人口总数达到6910万，同比微增0.25%，主要由移民净流入带动。根据初步估计，2025年法 国净移民人数约为17.6万人。 （文章来源：新华财经） 新华财经巴黎1月13日电（记者李文昕） 根据法国国家统计和经济研究所13日发布的年度人口统计报 告，2025年，法国的出生人口为64.5万，低于死亡人数65.1万。这意味着二战结束以来，法国自然人口 增长率首次转为负值。 报告指出，2025年，法国新生儿数量较2024年减少了2.1%，与上一次出生高峰年2010年相比更是锐减 24%；同期死亡人数则比上一年增长1.5%。同时，法国的总和生育率也在下降。2025年，法国平均每名 妇女生育子女数降至1.56个， 创一战结束以来的最低水平。 ...

Core Points - The London Stock Exchange's FTSE 100 index closed at 10,137.35 points, down 3.35 points or 0.03% from the previous trading day [1] - European stock indices showed mixed results on the same day [1] Top Gainers - Whitbread's stock price increased by 7.08% [1] - Patisserie Holdings' stock price rose by 2.71% [1] - BP's stock price went up by 2.41% [1] - Melrose Industries' stock price increased by 2.35% [1] - Shell's stock price rose by 2.27% [1] Top Losers - Smith & Nephew's stock price fell by 4.07% [1] - Dunelm's stock price decreased by 3.72% [1] - Convatec's stock price dropped by 3.28% [1] - Entain's stock price declined by 3.12% [1] - Rentokil's stock price fell by 3.10% [1] Other European Indices - The CAC 40 index in Paris closed at 8,347.20 points, down 11.56 points or 0.14% [1] - The DAX index in Frankfurt closed at 25,420.66 points, up 15.32 points or 0.06% [1]

Core Insights - The article highlights the significant transformation of China's renewable energy industry under the "dual carbon" strategy, with a focus on the 2025 ranking of cities based on their competitiveness in the renewable energy sector [1][6]. Summary by Categories City Rankings - The top three cities in the 2025 China Renewable Energy Industry Competitiveness Ranking are: 1. Jiuquan, Gansu Province - 82.13 points 2. Wuxi, Jiangsu Province - 78.92 points 3. Zhangjiakou, Hebei Province - 78.82 points - Other cities in the top ten include Suzhou, Beijing, Yancheng, Tianjin, Shanghai, Shenzhen, and Hohhot, with scores ranging from 78.67 to 78.31 [1][3][8]. Regional Insights - The western region of China is a key player in the renewable energy competitiveness ranking, with 17 cities in the top 50, including Jiuquan, Hohhot, Urumqi, and others [5]. - Jiuquan stands out due to its rich wind and solar resources, with a total wind energy resource of 200 million kilowatts and a solar thermal resource of 20 billion kilowatts, making it a national clean energy base [6][7]. Industry Development - Wuxi has developed a comprehensive renewable energy industry, with 321 large-scale enterprises and an industrial output value exceeding 180 billion yuan in the first three quarters of 2025 [7]. - Zhangjiakou, as a national renewable energy demonstration zone, has achieved a significant increase in installed capacity, reaching over 43 million kilowatts, which is 88% of the city's total power capacity [7][8]. Traditional Energy Cities - Traditional energy cities like Ordos and Yulin are showing rapid improvement in their rankings, indicating a shift from coal-based to green energy solutions [9]. - The article emphasizes that while natural conditions are currently crucial for the development of the renewable energy industry, future success will depend on factors like industrial integration and innovation capabilities [9].

Core Insights - The business sentiment among small and medium-sized enterprises (SMEs) in Hong Kong is showing signs of recovery, with the current business performance index rising from 44.5 in November to 44.9 in December 2025 [1] - The business outlook index for January 2026 is projected at 47.3, indicating a positive trend for the upcoming month [1] Industry Analysis - The real estate sector's current business performance index increased from 47.1 to 49.3, suggesting improved conditions in this industry [1] - The import and export trade sector also saw an increase in its current business performance index from 44.7 to 46.4, reflecting a more favorable business environment [1] - New orders in the import and export trade sector rose from 46.0 in November to 47.7 in December, with a forecasted outlook index of 48.4 for January 2026 [1] Employment and Economic Outlook - Overall employment conditions are showing further improvement, which is expected to support the local business sentiment [1] - The government spokesperson indicated that the positive trends in business performance and employment are likely to contribute to a favorable economic outlook for Hong Kong [1]

Group 1 - The core viewpoint of the news is that Shudao Group is actively advancing major transportation infrastructure projects in Sichuan, with an expected investment of 150 billion yuan in highways and railways in 2026 [1] - During the 14th Five-Year Plan period, Shudao Group has completed nearly 800 billion yuan in transportation investments, constructing over 2,000 kilometers of highways and more than 1,800 kilometers of railways [1] - The construction of the longest highway tunnel in Sichuan, the Yuexi Tunnel, has commenced, marking a significant milestone in the ongoing projects [1] Group 2 - In the next five years, Shudao Group aims to expand effective investments, focusing on transportation construction in ethnic regions, revolutionary old areas, high-altitude regions, and the Qinba Mountains, with a target of building 3,000 kilometers of highways and 2,000 kilometers of railways during the 15th Five-Year Plan [2] - In 2026, Shudao Group plans to introduce a comprehensive plan for the "Smart Cloud Warehouse" construction, upgrading 100 toll stations in phases to enhance the road network's traffic capacity [2]

Group 1 - The core point of the news is that Brain Tiger Technology has officially commenced construction of its "super factory" project in Jiangxi, which is a significant step towards the mass production and standardization of domestic brain-computer interface technology, expected to be completed and operational by the second half of 2026 [1][2]. Group 2 - The "super factory" will cover an area of approximately 14,300 square meters and will focus on three main industrial capabilities: establishing a mass production base for high-throughput implantable flexible electrodes, high-frequency electroencephalograms, surgical robots, and the first fully implanted, fully wireless, and fully functional brain-computer interface system, aiming for stable delivery of tens of thousands of units [2]. - The factory will serve as a "super data center," designed to drive continuous technological iteration by collecting, processing, and analyzing neural signal data, thereby optimizing algorithms and facilitating the development of next-generation products, creating an industrial ecosystem that deeply integrates brain-computer interfaces with artificial intelligence [2]. - Additionally, the factory will feature a "simulated life rehabilitation area," innovatively planning a one-stop rehabilitation training environment that closely replicates real-life and work scenarios, assisting patients with implanted brain-computer interfaces in efficiently rebuilding life skills and helping them return to society with dignity [2].

新华财经北京1月13日电人民银行13日开展3586亿元7天逆回购操作，操作利率为1.40%，与此前持平；鉴于当日有162亿元逆回购到期， 公开市场实现净投放3424亿元。 上海银行间同业拆放利率（Shibor）短期品种涨幅进一步加大。具体来看，隔夜Shibor上涨7.50BP，报1.3910%；7天Shibor上涨5.00BP， 报1.5230%；14天Shibor上涨4.50BP，报1.5340%。 来源：全国银行间同业拆借中心 | | | | 2026-01-13 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | 1 | O/N | 1.3910 | 7.50 | | 中 | 1W | 1.5230 | 5.00 | | 中 | 2W | 1.5340 | 4.50 | | t | 1M | 1.5590 | 0.30 | | 1 | 3M | 1.6000 | 0.20 | | 中 | 6M | 1.6200 | 0.00 | | ゃ | 9M | 1.6390 | 0.20 | | ⇒ | 1Y | 1.6490 | 0 ...

Core Insights - The report by 1688 highlights a significant shift in China's industrial belts from traditional models reliant on experience and scale to user-centered, AI-driven smart operating systems. AI has evolved from a cost-reduction tool to a central intelligence reshaping business logic [1][2] Group 1: Industry Trends - The report indicates that the eastern regions (Guangdong, Zhejiang, Jiangsu) are leading the digitalization process, transitioning from manufacturing hubs to demand digestion centers [1] - The central regions (Henan, Anhui, Hubei, Hunan, Jiangxi) are experiencing the fastest digitalization growth, with a surge in "specialized, refined, unique, and innovative" enterprises [1] - The western regions (Sichuan, Chongqing, Shaanxi) are expanding digital coverage, leveraging AI to penetrate niche markets with distinctive categories [1] Group 2: AI Application and Growth Areas - Yiwu ranks first in AI application activity nationwide, followed by manufacturing strongholds such as Guangzhou, Shenzhen, Dongguan, and Wenzhou [1] - The report identifies three high-growth sectors for 2025: instant retail, customization, and cross-border business, each with specific operational demands [1] - Instant retail emphasizes speed, necessitating localized and flexible supply chain responses; customization relies on deep understanding of niche scenarios to provide precise solutions; cross-border business focuses on proximity to overseas end-user demands for agile product selection and compliant delivery [1] Group 3: AI Evolution in Industry - The report states that China's industrial belts are at a historic juncture, transitioning from digitalization to intelligence, with AI2B fundamentally reshaping operational logic and value distribution mechanisms [2] - The evolution of AI in industrial belts is predicted to occur in three stages: "AI add-on" from 2024-2025, "AI symbiosis" from 2026-2027, and the full "AI native" era starting in 2028, where AI will autonomously drive most business decisions and product innovations [2] - 1688 has launched the "AI Acceleration: Business Jumpstart Plan," with over 290,000 merchants using AI products and technologies daily as of December 30, 2025, indicating a significant increase in high-frequency and deep AI usage among merchants [2]

Core Viewpoint - The domestic bond market has shown a clear differentiation after the New Year, with interest rate bonds experiencing upward pressure on yields while credit bonds have seen yields decline, creating a "weak interest rate, strong credit" scenario [1] Group 1: Credit Bonds Performance - Credit bonds have strengthened due to increased demand from institutional investors, with significant net purchases observed from various asset management institutions, including 49.3 billion yuan from wealth management, 36.8 billion yuan from insurance, and 206.6 billion yuan from money market funds between January 4 and 9 [3] - The demand for credit bonds is supported by favorable policy changes, such as the revised regulations on redemption fees for bond funds, which have alleviated redemption pressures that had been present since September 2025 [3] - The inherent advantages of credit bonds in a low-interest-rate environment have made them attractive as safe assets for investors [3] Group 2: Interest Rate Bonds Performance - Interest rate bonds have weakened due to supply pressures and a "stock-bond seesaw" effect, with a significant portion of government bonds scheduled for issuance in January being long-term, which has directly suppressed yields [4] - The strong performance of the equity market post-New Year has led to a diversion of funds away from the bond market, exacerbating the decline in interest rate bonds [4] - Marginal improvements in the economic fundamentals, such as a rebound in the manufacturing PMI to 50.1% in December 2025, have weakened the rationale for investing in bonds, as inflation expectations rise [5] Group 3: Market Outlook - The short-term differentiation in the bond market is expected to continue, with credit bonds likely to remain dominant in the near term [6] - Analysts predict that the market may mirror the early 2025 trends, with potential for a temporary recovery in interest rates, but long-term challenges remain due to rising inflation and debt management pressures [7] - Investment strategies should focus on high-yield, short to medium-term credit bonds, particularly those rated AA or above, while being cautious of low-rated long-duration bonds due to potential widening of credit spreads [8]

新华财经香港1月13日电（记者林迎楠）大华银行（香港）与香港贸易发展局13日联合发表的《香港助 力大湾区企业拓展东盟市场迎接环球贸易新挑战》研究报告指出，大湾区企业正加紧推进东盟扩展策 略，以促进业务增长并提升供应链韧性。 报告也指出，尽管发展势头强劲，大湾区企业在进入东盟巿场时仍面对不少挑战。最多企业面对的挑战 是寻找合适的当地合作伙伴（47%），较2024年激增24个百分点，并连续三年持续攀升。其次为文化和 语言差异（46%）及难以聘请具专业知识的人才（40%），分别上升23%和15%，反映出大湾区企业殷 切需要值得信赖的顾问服务，以及更深入的跨境支援。 此外，报告显示大湾区企业在可持续发展方面持续取得进展。在参与调查的企业中，83%的企业已开展 绿色计划，创下三年来新高。此外，96%的受访企业计划在未来两年增加或维持ESG资金投入，其中 66%有意增加ESG投资，较2024年的40%跃升26个百分点，同创三年新高。 大华银行（香港）行政总裁郑濬表示，对大湾区企业而言，东盟不仅是下一个据点，更是增长的引擎所 在。香港能让这股势头变得更加强劲，而大华银行则担当企业进军东盟的桥梁。"我们致力协助香港企 业加快 ...