"两重"建设，不仅要利眼前更要惠长远。当前，国际环境急剧变化，国内经济运行也面临不少挑战。这 就决定了战略部署必须看在前、走在前，立足长远和全局考虑问题。这是有效应对各种风险挑战、增强 自身发展稳定性的现实需要，也是坚持底线思维、极限思维的未雨绸缪之举。 近日，按照党中央、国务院决策部署，为进一步扩大有效投资，国家发展改革委组织下达2026年提前 批"两重"建设项目清单和中央预算内投资计划，共计约2950亿元。 投资，既是当期需求，也是未来供给。过去一年，多种复杂因素导致投资增速放缓，但在结构优化中也 蕴含着巨大潜能。国家统计局数据显示，2025年，管道运输业投资比上年增长36.0%，增速比1—11月 份加快19.2个百分点；互联网和相关服务业投资增长23.8%，增速加快3.1个百分点；多式联运和运输代 理业投资增长22.9%。"两重"建设稳步推进，在稳定经济运行、优化产业结构、保障国家安全、增进民 生福祉等方面发挥了重要支撑作用。 "两重"建设，即国家重大战略实施和重点领域安全能力建设。"两重"之重，分量千钧。从以往的重点投 向来看，便知其"重"——城乡融合发展、区域协调发展、人口高质量发展、粮食安全、能源 ...

(责任编辑：田云绯) 中国经济网北京1月26日讯 来自中国外汇交易中心的数据显示，今日人民币对美元汇率中间价报 6.9843，较前一交易日调升86个基点。 中国人民银行授权中国外汇交易中心公布，2026年1月26日银行间外汇市场人民币汇率中间价为：1 美元对人民币6.9843元，1欧元对人民币8.2490元，100日元对人民币4.4826元，1港元对人民币0.89594 元，1英镑对人民币9.4983元，1澳大利亚元对人民币4.8006元，1新西兰元对人民币4.1335元，1新加坡 元对人民币5.4784元，1瑞士法郎对人民币8.9400元，1加拿大元对人民币5.0738元，人民币1元对1.1502 澳门元，人民币1元对0.57265马来西亚林吉特，人民币1元对10.8716俄罗斯卢布，人民币1元对2.3069南 非兰特，人民币1元对208.35韩元，人民币1元对0.52859阿联酋迪拉姆，人民币1元对0.53966沙特里亚 尔，人民币1元对46.3276匈牙利福林，人民币1元对0.51048波兰兹罗提，人民币1元对0.9060丹麦克朗， 人民币1元对1.2796瑞典克朗，人民币1元对1.4015挪威克朗，人 ...

公司是一家专注于心血管疾病精准诊疗创新医疗器械研发、生产和销售的国家高新技术企业，致力 于开发为心血管疾病诊疗带来变革的精准解决方案。 公司无控股股东，实际控制人为宋亮。截至2025年9月30日，本次发行前，公司整体股权结构较为 分散，公司实际控制人宋亮的持股比例较低，直接持有公司16.1530%的股份。除自身直接持有公司股 份外，宋亮通过担任公司员工持股平台北芯共创、北芯橙长及北芯同创的执行事务合伙人控制公司 13.4140%的股份，宋亮自身及通过其控制的员工持股平台合计控制公司29.5670%的股份。公司第二至 第四大股东红杉智盛、DechengInsight、国投创合分别持有公司10.1759%、9.6743%及7.1479%的股份。 北芯生命2026年1月16日披露的首次公开发行股票并在科创板上市招股意向书显示，公司拟募资 95,221.13万元，用于介入类医疗器械产业化基地建设项目、介入类医疗器械研发项目和补充流动资金。 北芯生命2026年1月23日披露的首次公开发行股票并在科创板上市发行公告显示，按本次发行价格 17.52元/股和5,700.0000万股的新股发行数量计算，若本次发行成功，预计公司 ...

Core Insights - The article highlights the contrasting investment strategies of two prominent fund managers, Fu Pengbo and Li Xiaoxing, as they adjust their portfolios in response to market conditions and their investment philosophies [1][2][3]. Group 1: Fu Pengbo's Strategy - Fu Pengbo significantly reduced holdings in major stocks like CATL and Tencent, decreasing positions by 23% and 18% respectively, while increasing investments in hard tech companies such as Maiwei and Cambrian [1][2]. - The total assets under management for Fu's fund reached 31.2 billion yuan, maintaining a high stock position of 92% [1]. - Fu's rationale centers on the belief that the global tech competition will focus on critical manufacturing sectors with core technological barriers, suggesting a shift from platform companies to manufacturing firms [2][3]. Group 2: Li Xiaoxing's Strategy - In contrast, Li Xiaoxing increased his stakes in internet platform companies, raising Tencent's position from 1.8 billion yuan to 2.6 billion yuan, and Alibaba by 35% to 1.9 billion yuan [3]. - Li's fund size is 28.5 billion yuan, and he believes that the internet sector is undervalued due to regulatory pressures and economic expectations, predicting a recovery in 2026 [3]. - His strategy reflects a dual focus on consumer and technology sectors, with significant investments in companies like Yili [3]. Group 3: Market Implications - The divergence in strategies between the two fund managers illustrates a broader trend in the public fund industry, where funds focusing on electronics outperformed those in computing sectors [4]. - The article suggests that the technology sector presents diverse opportunities across various stages of the supply chain, from semiconductor equipment to AI chips and platform applications [5]. - It emphasizes the importance of selecting investments based on valuation and growth potential, while also noting the liquidity constraints faced by larger funds [5][6].

Core Viewpoint - The real estate industry in China is undergoing a deep adjustment, with significant declines in investment, sales area, and sales revenue in 2025, indicating a challenging market environment [1][3][9]. Investment and Sales Data - In 2025, national real estate development investment reached 82,788 billion yuan, a year-on-year decrease of 17.2% [1]. - The sales area of new commercial housing was 88,101 million square meters, down 8.7% year-on-year, while the sales revenue was 83,937 billion yuan, reflecting a 12.6% decline [1][9]. - The construction area for real estate developers was 659,890 million square meters, a decrease of 10.0% year-on-year, with residential construction down 10.3% [3]. Construction Activity - New construction area was 58,770 million square meters, down 20.4%, with residential new construction area at 42,984 million square meters, a decline of 19.8% [4]. - The completion area was 60,348 million square meters, down 18.1%, with residential completions at 42,830 million square meters, a decrease of 20.2% [4]. Market Dynamics - The market is still in a "de-inventory" phase due to declining new home sales and significantly reduced land transactions over the past two years [5]. - Some central and state-owned enterprises are maintaining orderly construction activities, and there is still demand for well-located properties, which is boosting market confidence [6]. Financial Policies and Support - Local governments are enhancing "guarantee delivery" efforts, with recent financial policies aimed at stabilizing financing for projects on the "white list," which will support the delivery of homes [7]. Leading Companies - In 2025, ten real estate companies achieved sales exceeding 100 billion yuan, with four surpassing 200 billion yuan. These include major players like Poly Development, China Overseas Land & Investment, and Vanke [9]. - The top ten companies by investment are primarily state-owned enterprises, with significant investments from China Overseas, China Resources, Poly Development, and China Merchants Shekou, indicating a strategic positioning during market adjustments [9]. Market Trends - December 2025 showed signs of improvement, with new commercial housing sales area increasing by 39.87% month-on-month and sales revenue rising by 44.07% [10]. - The average price of new residential properties in first-tier cities saw a slight decrease, with Shanghai experiencing a minor increase, while other cities like Beijing and Guangzhou reported declines [10][11]. - The second-hand housing market is also seeing a shift, with increased transactions in second-hand homes as buyers seek more affordable options [12].

中国经济网北京1月25日讯 帅丰电器(605336.SH)1月23日晚间披露2025年度业绩预告。 公司预计2025年年度实现利润总额-5,700万元到-3,800万元，归属于母公司所有者的净利润-6,200万 元到-4,300万元，归属于母公司所有者的扣除非经常性损益后的净利润-7,400万元到-5,500万元。公司预 计2025年年度实现营业收入21,000万元到25,000万元，扣除与主营业务无关的业务收入和不具备商业实 质的收入后的营业收入为20,000万元到24,000万元，低于3亿元。 帅丰电器表示，若公司2025年度经审计的利润总额、净利润或者扣除非经常性损益后的净利润孰低 者为负值且营业收入低于3亿元，根据《上海证券交易所股票上市规则》第9.3.2条规定，公司在2025年 年度报告披露后将被上海证券交易所实施退市风险警示，请广大投资者注意投资风险。 2024年，公司归属于上市公司股东的净利润为6030.06万元，同比下降68.21%；2023年，公司归属 于上市公司股东的净利润1.90亿元，同比下降11.51%；2022年，公司归属于上市公司股东的净利润2.14 亿元，同比下降13.08%。 ...

Core Viewpoint - The Shenzhen Stock Exchange's M&A Review Committee approved the asset purchase by China National Chemical Import & Export Corporation (referred to as "China National Chemical") on January 23, 2026, confirming that the issuance of shares for asset acquisition meets restructuring conditions and information disclosure requirements [1] Group 1: Transaction Details - China National Chemical plans to issue shares to acquire 100% equity of Zhongji Jiangsu from Zhongji Import & Export, with a transaction price of 151.4629 million yuan [3] - The asset valuation is based on an appraisal report of 115.3657 million yuan, with a negotiated transaction price reflecting a 37.12% appreciation [3] - The share issuance price is set at 11.19 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [3] Group 2: Financial Performance of Target Company - Zhongji Jiangsu's projected revenues for 2023, 2024, and the first half of 2025 are 15.3996 million yuan, 37.9268 million yuan, and 22.41 million yuan, respectively, with net profits of 1.9185 million yuan, 14.9944 million yuan, and 4.9096 million yuan [4] - The cash flow from operating activities for the same periods is 12.3011 million yuan, 35.3855 million yuan, and 21.9663 million yuan [4] Group 3: Financial Metrics Overview - For the first half of 2025, Zhongji Jiangsu's operating income is projected at 22.41 million yuan, with a net profit of 4.9096 million yuan [5] - The financial performance from 2022 to the first half of 2025 shows China National Chemical's revenues of 4.222018 billion yuan, 3.0673286 billion yuan, 1.2263425 billion yuan, and 523.2355 million yuan, with net losses of 332.3345 million yuan, 262.659 million yuan, 305.5442 million yuan, and 55.5041 million yuan [5]

1月23日，"中国新质造"年度盛典暨设备之家2025荣耀发布会在京召开，本次活动由永赢金租携手中央广播电视总台央广网联合主办。大会汇聚了百余 家国内设备制造业领军企业代表及三十余位行业专家、学者，围绕"中国新质造"主题，展开多层次、高规格的交流，并通过主题演讲、IP栏目发布、荣誉表 彰、战略签约及圆桌对话等一系列方式，共同探讨制造业转型升级的机遇与路径，生动展现了永赢金租依托"设备之家"平台共建共赢生态、赋能实体经济发 展的成效。 活动中，永赢金租副总裁李翔代表"设备之家"与携汇智联技术（北京）有限公司总经理陈振华签署NC-LINK战略合作协议。此举是平台深化产业服务、 构建协同生态的关键一步，为推动设备制造厂商的数智化转型升级注入了新动能。 盛典在央广传媒集团党委副书记、董事长张军的致辞中拉开帷幕。中国工业经济联合会会长、工业和信息化部原部长李毅中作主旨演讲，为行业发展提 供前瞻指导。宁波银行副行长付文生应邀出席并作重要讲话，系统阐述了金融赋能制造业高质量发展的深刻见解与实践路径。海信视像科技国内营销总经理 刘为杰、京东方科技集团副总裁原烽分别结合企业实践，分享了产业升级的前沿经验。 央广网总裁助理段红彪代 ...

Core Viewpoint - The report highlights the importance of the camel milk industry in Xinjiang, emphasizing quality assurance and consumer trust through transparency and collaboration among stakeholders [1][8]. Group 1: Industry Development - The camel milk industry is positioned as a key component of rural revitalization, transforming local resources into tangible benefits for the community [3]. - The company has established a modern, transparent factory in the region, showcasing advanced technology and a commitment to quality throughout the production process [5]. - A cooperative model involving "enterprise + cooperative + herders" has been implemented, ensuring stable partnerships with local herders and providing them with technical support and guaranteed income [6]. Group 2: Quality Assurance and Consumer Trust - The company has taken proactive steps to enhance consumer trust by inviting third-party verification and establishing a "Transparency Quality Committee" for ongoing oversight [8]. - The commitment to quality and safety is emphasized as a fundamental principle, with the belief that transparency from farm to table is essential for consumer confidence [8]. - The industry is seen as a model for development in border areas, advocating for government guidance, enterprise leadership, standard support, and shared benefits [8]. Group 3: Community Impact - The camel milk from Xinjiang is portrayed as a product of natural resources and technological innovation, reflecting the dedication of many individuals in the industry [10]. - The report underscores the positive impact of the camel milk industry on local livelihoods, contributing to a brighter future for the community [10].

中国经济 新亮点。 国内发明专利有效量达532万件、专利密集型产业增 加值突破18万亿元 …… 在国务院新闻办公室1月23日 举行的发布会上,国家知识产权局介绍2025年知识 产权工作进展情况,分析数据反映出的主要特点 在2025年底 国内(不含港澳台) 400±11 次明专利有'划重ጋጋ么门什 有效注册商标量4987.7万件 累计认定 地理标志产品5066个 集成电路布图设计 累计登记发证9.3万件 国家级知识产权 保护中心、快速维权中心129家 公共服务机构519家 ♀ 长三角地区、京津冀地区、广东省 发明专利有效量合计354.9万件 约占国内总量的2/3 有效注册商标量合计2805.8万件 占国内总量的1/2以上 在世界知识产权组织发布的 2025年全球百强创新集群排名中 特占1 创新质量持续提升 国内(不含港澳台)有效发明专利中 高价值发明专利数量229.2万件 同比增速比总体水平高2.2个百分点 信息技术管理方法 计算机技术 医学技术等领域 有效发明专利增速最快 人工智能专利有效量居全球前列 在量子科技、生物制造、 脑机接口、第六代通讯等 未来产业布局一批关键核心技术专利 特点7 重点区域创新活跃 ...