#报废新能源汽车时必须车电一体##新能源汽车动力电池将拥有数字身份证#【新能源汽车废旧动力电池 回收利用将开启全生命周期监管】报废新能源汽车时必须车电一体，每块新能源汽车动力电池都将拥有 数字身份证……工业和信息化部等6部门16日联合发布《新能源汽车废旧动力电池回收和综合利用管理 暂行办法》，遵循"全渠道、全链条、全生命周期"管理思路，自2026年4月1日起施行。 与此同时，管理办法对未按要求交售废旧动力电池、不履行回收责任、违反编码和信息报送要求等行 为，设定了责令改正、警告、罚款等行政处罚措施，并明确了行政处罚的实施主体，增强制度的刚性约 束。（新华社） 业内人士指出，在这一背景下，管理办法的出台恰逢其时，用法治化手段加强动力电池回收利用管理， 将有效规范各环节参与主体行为。 全渠道抓好电池生产、车辆报废、换电运营、维修更换等各类废旧动力电池产生源头的规范管理，管理 办法重点设计"车电一体报废"等制度，明确"报废新能源汽车，动力电池缺失的，应当认定为车辆缺 失，具体办法另行规定"，从而防止出现废旧动力电池流向难以掌握的情况。 聚焦全生命周期加强信息溯源管理，管理办法提出，建立全国新能源汽车动力电池溯源信息 ...

Core Insights - OpenAI announced the release of its most advanced code model, GPT-5.2-Codex, via the Responses API for developers [1] - The model, launched in December 2025, integrates the general intelligence of GPT-5.2 with the terminal operation capabilities of GPT-5.1-Codex-Max [1] - A key breakthrough of GPT-5.2-Codex is the introduction of "context compression" technology, significantly enhancing efficiency in long-range tasks such as code refactoring and migration [1]

Group 1 - The core viewpoint of the articles highlights that both domestic and international silver futures prices have reached historical highs, driven by expectations of loose liquidity in overseas markets and geopolitical risks [1][2] - The Shanghai Futures Exchange reported that the main silver futures contract (2604) reached a peak price of 23,688 yuan per kilogram, while the COMEX silver futures contract hit a high of 93.7 USD per ounce [1] - Analysts indicate that the strong performance of silver prices is linked to a mismatch in supply and demand, with industrial demand for silver in sectors like photovoltaic panels, electric vehicles, and AI hardware continuing to grow, leading to historically low global inventories [1] Group 2 - As of January 15, the total capital in Shanghai silver futures increased to 80.867 billion yuan, with a net inflow of 230 million yuan for the day and nearly 21.5 billion yuan year-to-date, making it the second-ranked commodity in terms of capital accumulation [2] - Analysts suggest that investors should be cautious with their positions due to increased volatility following rapid price increases, recommending a reduction in leverage or risk exposure [2] - For long-term investors, it is advised to use derivative tools like options for risk hedging to mitigate potential price fluctuations, as silver's volatility is typically higher than that of gold [2]

Core Insights - The company is actively enhancing its direct sales channels by embracing customization, improving product quality, and increasing responsiveness to customer demands [1] - The company has reported a continuous increase in the number of customized product SKUs over several quarters, leading to a narrowing revenue decline and significant improvement in profitability [1] - The e-commerce channel is focused on enhancing operational capabilities and precise cost allocation, which not only improves channel profitability but also supports new product promotion and brand awareness [1] - The distribution channel is being optimized by restructuring the distributor network, supporting weaker regional clients, and providing tailored services to high-growth clients, fostering mutual growth with distributors [1]

（企业公告） 1月15日，千味央厨发布投资者活动记录表。当中披露，关于公司2026年重点经营规划，千味央厨表 示，公司将继续维持现有的大客户渠道、经销商渠道、电商渠道、海外渠道、零售渠道深耕市场份额。 大客户渠道端，稳住市场基量，提高研发能力，提升创新响应市场需求速度；经销商渠道端，保持结构 性调整，以服务为导向，赋能经销商服务终端客户；电商渠道端，丰富产品品类，实现多维度线上销 售；海外渠道端，公司筹划了海外工厂布局，以更好的拓张海外市场；零售渠道端，公司通过联名共 创、深度定制、商超熟食等模式为新零售客户提供一站式解决方案。公司将加强原材料采购管理，加强 生产精益化管理，加强运营综合成本管理，加强市场费用投放的有效性管理，提高职能部门的人效，切 实做到提质增效。 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. plans to use no more than 20 billion RMB of its idle funds for wealth management and entrusted wealth management products, pending shareholder approval [1][4]. Group 1: Investment Plan - The company and its wholly-owned and controlling subsidiaries intend to invest in high-security, liquid wealth management or entrusted wealth management products, excluding structured deposits [4]. - The total investment balance for these products shall not exceed 20 billion RMB (or equivalent foreign currency), with the investment period effective from the date of approval at the 2025 annual general meeting until the 2026 annual general meeting [4]. - The board of directors approved this proposal on January 15, 2026, and it will be submitted for shareholder approval [4]. Group 2: Risk and Returns - The wealth management and entrusted wealth management products are considered to have controllable risks, although the returns may experience slight fluctuations that could impact the company's overall wealth management income [4].

作者丨彭鑫 1月14日，中国汽车工业协会旗下中国汽车工业经济技术信息研究所发布《2025城市NOA汽车辅助驾驶 研究报告》。《报告》显示，2025年1-11月，我国搭载城市NOA功能的乘用车累计销量达312.9万辆， 占乘用车上险量的15.1%。 编辑丨安安 ...

Core Viewpoint - The article highlights the successful implementation of a streamlined international road transport system for cross-border e-commerce goods and bonded cargo, enabling direct delivery from various Chinese cities to multiple countries in Central Asia and beyond [1] Group 1: Transport and Logistics - Vehicles loaded with cross-border e-commerce goods and bonded cargo have started from cities including Wenzhou, Qingdao, Zhengzhou, Shenzhen, Yinchuan, Urumqi, and Kashgar [1] - The transport system allows for "one declaration, one vehicle direct delivery, and one box to the end," in accordance with the International Road Transport Convention [1] Group 2: International Reach - The goods are being transported directly to countries such as Kazakhstan, Uzbekistan, Pakistan, and Russia [1]

2026年1月13日至14日，瑞银集团在上海举办以"新前沿：识变局,谋增长"为主题的第26届瑞银大中华研 讨会（GCC）。 期间，瑞银全球投资银行亚太股票资本市场联席主管胡凌寒介绍道，2025年中国香港市场融资规模创近 十年新高，IPO、再融资、配售、可转债等各类产品发行量和融资额均表现亮眼，后市表现亦值得期 待。受益于南向资金及全球资金（欧洲、中东、美国等）持续流入香港及大中华区市场，市场流动性达 到近年最佳水平。 同时，MSCI中国指数估值相较于全球指数的折让收窄，恒生指数全年上涨近三成，涨幅为过去十年第 二高，体现出全球投资者和资金往中国的回流情况之下对市场的支持。 2025年，港股市场表现火热。胡凌寒介绍，外资机构重新回归中国香港市场扮演基石投资者角色，也有 外资机构首次参与港股基石投资，中资机构同样保持活跃，反映出境内外资金对中国香港市场的长期信 心。 她表示，在香港市场，基石投资通常设有六个月的股份锁定期。这一安排意味着投资者不仅对锁定期 间，而是对至少九至十二个月甚至更长时间的投资周期抱有积极预期。因此，愿意以基石身份参与的投 资人，往往体现出对标的公司及市场前景具备较强的长期信心。尤其在欧洲、 ...

Group 1 - The 26th UBS Greater China Conference was held in Shanghai, attracting over 3,600 participants, including more than 2,300 global institutional investors and representatives from sovereign wealth funds, family offices, and private investors, with participating companies having a combined market capitalization of approximately $4.3 trillion [1] - UBS Group's CEO highlighted China's economic resilience and innovation in advanced manufacturing and artificial intelligence, presenting new opportunities for global investors [1] - In 2025, there was a notable recovery in cross-border capital market activities in China, with an increase in international institutional investors allocating to Chinese stocks, and 111 mainland Chinese companies completing IPOs in Hong Kong by the end of December 2025, with a total post-IPO market capitalization of $562.3 billion [1] Group 2 - UBS China President noted that international investors are increasingly interested in participating in the Chinese market, with a 32% year-on-year increase in investor attendance from the US, Europe, the Middle East, and Africa at the conference [2] - The conference emphasized technology and innovation as key drivers of future growth in China, discussing advancements in artificial intelligence, including semiconductors, advanced computing, industrial automation, and humanoid robotics, as well as AI applications in healthcare, transportation, and financial services [2] - Discussions at the conference focused on the deep changes in China's investment landscape, including advanced manufacturing, energy transition, smart mobility, and new trends in consumer and cultural industries driven by IP, content, and gaming innovation [3]