由三亚市人民政府主办，《财经》杂志、财经网、《财经智库》、三亚中央商务区管理局、三亚经济研 究院承办的"三亚·财经国际论坛暨第五届三亚财富管理大会"12月27日在海南三亚举行，主题为"海南自 贸港未来定位及三亚新机遇"。 12月27日，纽约商品交易所理事会主席William Purpura在大会上表示，海南自由贸易港正式封关运作， 标志着一个重要的制度性转折点。这意味着自由贸易港从政策设计阶段，迈入实际运行阶段，从制度框 架走向真实行为。 纽约商品交易所理事会主席William Purpura 他还表示，最成功的自由贸易港，始终运行在世界贸易组织贸易便利化原则、透明和可预期的制度规 范，以及以规则为基础的海关管理体系之内。这些原则并非抽象概念，它们直接影响融资成本、保险可 获得性、交易对手信心以及争议的发生概率。从交易者的角度看，与世界贸易组织规则对接，意味着一 个司法辖区对全球市场是清晰、可理解、可识别的。 他认为在全球贸易中，衡量标准不是持续改进，而是对标最佳实践。领先的自由贸易港通常具备货物抵 达前即可进行电子申报，基于风险的检查机制，二十四小时海关服务，以及一体化的单一窗口系统。 在我数十年观察全球市 ...

此外，刘霄还提到，本届三亚·财经国际论坛也是《财经》正式加入中信集团大家庭后首次举办。中信 集团作为产融并举的大型综合性跨国企业集团，凭借覆盖金融、实业、文化等多元领域的产业生态与资 源优势，正全力赋能《财经》向国内顶尖、国际知名的财经传媒资讯平台加速迈进。 由三亚市人民政府主办，《财经》杂志、财经网、《财经智库》、三亚中央商务区管理局、三亚经济研 究院承办的"三亚·财经国际论坛暨第五届三亚财富管理大会"12月27日在海南三亚举行，主题为"海南自 贸港未来定位及三亚新机遇"。 《财经》杂志社社长刘霄在致辞中表示，2025年12月18日，海南自贸港全岛封关运作圆满落地，这是中 国对外开放进程中具有里程碑意义的大事，标志着中国制度型开放进入全新阶段。作为海南自贸港的核 心城市和重要门户，三亚正迎来前所未有的发展机遇。 《财经》杂志社社长 刘霄 刘霄指出，三亚有得天独厚的生态禀赋，有连接东盟、辐射全球的区位优势，更有封关运作带来的政策 红利叠加。从跨境投融资便利化到离岸贸易创新，从财富管理生态构建到现代金融聚集，从旅游消费升 级到城市功能完善，三亚的每一个发展方向都紧扣国家战略，对接全球市场，都孕育着无限可能。相信 ...

Core Viewpoint - Suzhou Tongxin Medical Technology Co., Ltd. has received acceptance for its IPO application on the Sci-Tech Innovation Board, indicating a significant step towards public listing and capital raising for its innovative medical devices [1] Company Overview - Established in 2008, the company focuses on the research, development, and commercialization of full magnetic levitation ventricular assist devices, commonly referred to as artificial hearts [1] - The company has developed a global business system with operational entities in China, the United States, and Europe, achieving rapid revenue growth in both China and the U.S. [1] Product Development - The company's first product, CH-VAD, entered the special approval process for innovative medical devices in China in 2016, with the first human implantation completed in 2017 [1] - In November 2021, the product received approval from the National Medical Products Administration, becoming the first fully magnetic levitation artificial heart product in China with complete independent intellectual property rights [1] - A notable milestone includes a patient who successfully transitioned to heart transplantation after living with the implanted artificial heart for seven years [1]

截至当天收盘，纽约商品交易所2026年2月交货的轻质原油期货价格下跌1.61美元，收于每桶56.74美 元，跌幅为2.76%；2月交货的伦敦布伦特原油期货价格下跌1.60美元，收于每桶60.64美元，跌幅为 2.57%。 ...

编辑丨安安 12月26日，国家发展改革委产业发展司发布文章《大力推动传统产业优化提升》。文章指出，对新能源 汽车、锂电池、光伏等"新三样"产业，关键在于规范秩序、创新引领。 ...

Core Insights - The Chinese real estate market is undergoing a quality revolution, with a shift towards building "good houses" that are safe, comfortable, green, and smart, as highlighted in the government work report [1][2] - TATA Wood Door is positioning itself as a leader in this transformation by innovating its product offerings and focusing on user experience, aligning with the new standards set by the government [2][3] Industry Trends - The real estate market has entered a phase of stock management, with new residential construction declining by 20.5% year-on-year from January to November 2025, indicating a shift from scale expansion to quality enhancement [2] - The introduction of the "good house" concept in 2023 emphasizes the need for improved living standards, prompting home furnishing companies to innovate and enhance user experiences [2][3] TATA Wood Door's Innovations - TATA Wood Door has launched the "Silent Master PRO," which achieves a noise reduction of 36dB, addressing the core pain point of noise pollution in residential comfort [5] - The company is also focusing on green and smart features, adhering to ENF-level environmental standards and introducing intelligent products designed for various user demographics [5][6] Market Opportunities - The "good house" initiative is seen as a key driver for market demand, with significant sales increases in major cities during the "Golden Week," where new house transactions rose by 52% in Beijing, 22% in Shenzhen, and 3% in Shanghai [3] - TATA Wood Door's strategic shift from a single product focus to a comprehensive home solution aims to break industry bottlenecks and enhance overall living quality [6][7] Future Outlook - The "Beautiful Living Innovation Conference" by TATA Wood Door marks a departure from traditional product launches, emphasizing the integration of smart technology, new materials, and comprehensive soundproofing solutions [8] - The company's approach illustrates the necessity for collaboration across the entire industry chain, including home furnishing, building materials, and smart technology, to achieve the ultimate vision of "beautiful living" [8]

今日晚间，霸王茶姬官方公众号就关于茶与咖啡因的讨论发布交流文章。当中提到，许多人对咖啡因的 第一印象或许关联着咖啡，但它其实并不是咖啡独有的。这种天然存在于茶树中的生物碱，在文化语境 里更常被称为"茶碱"。它伴随一片茶叶的生长而自然形成，并非外来添加。科学上以"咖啡因"为名，仅 是因为它于19世纪初先在咖啡中被鉴定命名，而我们与"茶碱"的相识，早已跨越了数千年。 （企业公众号） 但我们同样深知，每一位喝茶的人都有不同的需求和状态。因此,我们从未停止探索的步伐,这份探索并 非闭门造车，而是持续与学界、行业的专家学者们保持紧密的交流与共创，深度学习茶叶的技术工艺与 文化内涵。 今年3月，通过长期的茶叶处理技术探索，我们推出了「轻因·伯牙绝弦」，在保留核心茶本味的同时， 将其咖啡医含量降低了约50%"，还创新性地融入了酸枣仁、白木香叶等天然草本元素,借鉴传统智慧,希 望能带来更温和的效果和风味。 这并非简单的数字游戏，我们的根本追求是:在科学调整成分的同时，赋予茶汤更丰富的层次与人文关 怀。 未来，我们仍将怀着这份探索之心，保持开放学习的态度，持续投入对茶叶物质构成的深入研究,理解 每一片叶子中风味与成分的平衡奥秘 ...

#天铁科技实控人之一许吉锭被刑拘#【天铁科技：控股股东、实际控制人许吉锭被采取刑事拘留的强制 措施】天铁科技公告称，公司控股股东、实际控制人之一许吉锭已被台州市公安局采取刑事拘留的强制 措施，调查事项为个人事项，与公司日常生产经营无关。许吉锭目前未在上市公司担任职务，公司日常 经营管理由高管团队负责，董事及高级管理人员正常履职，董事会运作正常，生产经营情况正常，该事 项不会对公司日常经营活动产生重大不利影响。（智通财经） ...

Core Viewpoint - The incident highlights the urgent need for platforms to transition from "post-event review" to "preemptive immunity" and "real-time blocking" in the AI era [1] Group 1: Incident Overview - On December 22, 2025, Kuaishou experienced a large-scale content security incident where numerous live streams were compromised by automated methods, leading to the spread of pornographic content for over an hour [1][2] - The attack involved newly registered "zombie accounts" that collectively broadcasted pre-recorded illegal videos, resulting in a significant disruption of the platform's ecosystem [1][2] - The incident caused Kuaishou's market value to drop by approximately 101.52 billion HKD, with a stock price decline of 3.52% by the market close on December 23 [6] Group 2: Attack Mechanism - The attack was characterized as an "automated attack" where hackers used tools to batch register and control zombie accounts, enabling rapid dissemination of illegal content [2] - Attackers employed a "trust chain hijacking" strategy, utilizing a large number of compromised accounts to bypass basic risk controls and exploit vulnerabilities in the platform's content review process [2][4] - The attack successfully circumvented Kuaishou's identity verification and content review processes, indicating a significant technical breakthrough in the attack methodology [2][4] Group 3: Company Response - Kuaishou issued a statement on December 23, confirming the activation of emergency protocols and the gradual restoration of live streaming services [3] - The company emphasized its commitment to compliance and reported the incident to law enforcement, while also planning to take legal measures to protect its interests and those of its shareholders [3][5] - Despite the rapid response, concerns were raised regarding the effectiveness of Kuaishou's technical defenses and the failure of its security measures [3][4] Group 4: Industry Implications - The incident serves as a warning for the industry, indicating that traditional "human + algorithm" models are becoming inadequate against the evolving tactics of black and gray market actors [7] - Experts suggest that platforms should leverage AI technologies to enhance security measures, including deep learning algorithms for real-time content filtering and improved monitoring of live streaming interfaces [7][10] - A shift towards a more proactive security framework is recommended, including the implementation of zero-trust architectures and automated response mechanisms to detect and mitigate attacks [7][10] Group 5: Future Actions - Kuaishou has begun urgent recruitment for security positions, offering competitive salaries to bolster its security team [9] - The company has previously reported significant efforts in content governance, closing over 1,500 low-quality live streams daily and penalizing over 37,400 incentivized streamers in 2025 [9] - Collaboration across the industry is deemed essential, with initiatives like the "Sunshine Integrity Alliance" being formed to combat black and gray market issues through data sharing and cooperative efforts [10]

Core Insights - The total carbon emissions of the top 100 listed companies in China for 2024 are projected to be 5.134 billion tons, a decrease of 2.7 million tons compared to 2023, indicating a potential peak in emissions [1][6][11] - The disclosure rate of carbon emissions among these companies has increased from 43% in 2021 to an expected 80% by 2025, reflecting a growing awareness and commitment to carbon reduction [1][5][23] Group 1: Carbon Emissions Overview - The carbon emissions of the top 100 listed companies in 2024 are 5.134 billion tons, which is a 0.52% decrease from 5.161 billion tons in 2023 [6][11] - The top ten companies account for approximately 38% of the total emissions, highlighting the concentration of emissions among a few major players [2][6] - The threshold for inclusion in the carbon emissions ranking has decreased to 10.3128 million tons in 2024, down from 11.5329 million tons in 2023, indicating a reduction in emissions intensity among leading high-carbon companies [6][11] Group 2: Industry Emission Trends - The power industry remains the largest contributor to carbon emissions, accounting for approximately 2.29 billion tons in 2024, maintaining a significant share of the total emissions [15] - The cement industry follows with emissions of about 770 million tons, continuing a downward trend for four consecutive years [15] - The steel industry has seen a notable decrease in emissions, returning to levels close to those of 2022, with emissions around 580 million tons [15][18] Group 3: Carbon Efficiency Metrics - The average carbon efficiency of the top 100 companies in 2024 is 0.399 million yuan per ton, remaining stable compared to 0.40 million yuan per ton in 2023 [20][21] - The carbon efficiency has improved by 10.83% from 2021 to 2024, indicating a positive trend in decoupling economic output from carbon emissions [20] - Seven industries have shown improvements in carbon efficiency, with the chemical industry achieving the most significant increase, reaching 0.39 million yuan per ton, the highest in three years [20][21] Group 4: Disclosure and Transparency - In 2024, 80 companies disclosed their carbon emissions data, an increase from 65 in 2023, achieving the highest disclosure rate in four years [23] - The disclosure rate for the power industry is 77.42%, while the cement industry leads with 85.71%, consistently above the average [26] - A-share companies have seen a significant rise in disclosure rates, from 16.67% in 2021 to 70.97% in 2024, indicating improved transparency in carbon reporting [26][27]