面对2026年"开门红"行情，多位受访人士表示，A股市场春季行情有望逐步展开，预计未来或仍将延续 震荡慢牛走势。 "春躁行情"或已开启 中经记者 罗辑 北京报道 1月6日，A股持续活跃，沪指走出13连阳，报收4083.67点，再创十年新高。 同时，A股出现普涨行情，全市场超4100只个股上涨，其中有143只个股涨停，连续两日超百股涨停。 三大指数方面，沪指涨1.5%，深成指涨1.4%，创业板指涨0.75%。 成交量方面，量能持续放大，沪深两市成交额2.81万亿元，较上一个交易日放量2602亿元。 从板块来看，商业航天持续表现，十余只成分股涨停。金融、化工、有色等表现突出。 机构看好科技成长的结构性机会 在上述背景下，胡启聪展望2026年第一季度，认为结构性行情或仍有空间。 "海外降息落地，悲观预期有所修复，叠加整体流动性仍然充裕，市场在活跃的氛围下仍具备做多的机 会。从具体方向上，看好科技成长的结构性机会。接下来AI领域可能即将迎来重磅大模型的升级迭 代，有望为行业带来催化。"胡启聪如此预判。 鹏扬基金相关人士进一步就2026年的投资布局提示，近期生产数据反季节性上行，市场布局2026年"开 门红"预期加强。 ...

中经记者 孙汝祥 夏欣 北京报道 黑龙江证监局决定对宝泰隆集团采取责令改正的行政监督管理措施，并记入证券期货市场诚信档案。该 局同时要求宝泰隆集团充分吸取教训，加强证券法律法规学习，积极采取措施，尽快履行承诺义务，并 在30日内提交书面整改报告。 （编辑：罗辑 审核：夏欣 校对：翟军） 宝泰隆（601011.SH）1月6日盘后公告，公司控股股东宝泰隆集团有限公司（以下简称"宝泰隆集团"） 近日被黑龙江证监局采取责令改正的行政监管措施。 经查，宝泰隆集团承诺自2024年6月21日起12个月内通过上交所交易系统增持宝泰隆股份，计划增持数 量2000万—4000万股。截至目前，宝泰隆集团累计增持宝泰隆股份1000.18万股，未能达到增持计划下 限，作出的承诺未履行完毕。 ...

Group 1 - Nezha Auto's chairman Fang Yunzhu and former CEO Zhang Yong have become executors with an execution target exceeding 1.05 million yuan, as reported by Qichacha [1] - Fang Yunzhu and Zhang Yong hold 6.9343% and 0.9124% of shares in Yichun Langling, which has a stake in Nezha Auto's parent company, Hongzhong New Energy [1] - Nezha Auto initiated bankruptcy restructuring in June 2025 after experiencing layoffs and salary reductions since October 2024 [1] Group 2 - As of December 12, 2025, two interested institutions submitted materials for the management trustee selection process [2] - The management trustee selection committee evaluated the institutions based on professional qualifications, management plan feasibility, and funding arrangements [2] - One institution was selected as the management trustee, and a management entrustment agreement will be signed to ensure the smooth implementation of the bankruptcy restructuring process [2]

Group 1: Core Views - The Guangdong Provincial Government has released implementation opinions to promote high-level openness in digital trade and service trade, outlining 18 specific measures to drive development in these areas [1][2]. Group 2: Development of Digital Trade - The opinions emphasize the promotion of high-quality service imports in sectors such as healthcare and cultural entertainment, including hosting international film exhibitions and cultural exchange activities [1]. - Support is provided for the establishment of digital trade empowerment centers and comprehensive service platforms in cities like Guangzhou and Nansha, as well as the creation of national service trade innovation development demonstration zones [1]. - Initiatives include the construction of a digital trade port in Dongguan and the implementation of cross-border management trials for research data in Hengqin [1]. Group 3: Innovation in Service Trade - The opinions encourage the establishment of foreign-invested hospitals in cities like Guangzhou and Shenzhen, and the development of legal service clusters [2]. - There is a focus on expanding the import of urgently needed productive services and promoting the development of digital creative and cultural industries in designated cultural export bases [2]. Group 4: International Market Expansion - The "Global Service Trade" plan aims to organize enterprises to participate in domestic and international digital trade and service trade exhibitions to expand their international market presence [2]. - Support is also provided for the establishment of a service outsourcing distribution center in Zhuhai [2]. Group 5: Strengthening Support Systems - The opinions propose the use of diversified financial tools, such as trade finance and equity investment, to support enterprises in exploring international service trade markets [3]. - The implementation of the "Youyue Card" policy aims to facilitate entry and exit for qualified foreign high-level talents [3]. - There is a call for the establishment of a digital trade certification system and the promotion of patent "open licensing" to enhance support for small and micro enterprises [3].

Core Viewpoint - The 2026 "Two New" policy aims to proactively address economic challenges and promote high-quality development through early implementation and expanded support for equipment updates and consumer goods replacement programs [2][8]. Group 1: Policy Implementation - The National Development and Reform Commission and the Ministry of Finance have issued a notice detailing the support scope and subsidy standards for the 2026 "Two New" policy [2]. - The policy is designed to maintain continuity with the 2025 economic work conference's emphasis on optimizing the "Two New" policy implementation [2]. Group 2: Coverage Expansion - The 2026 policy expands its coverage to include updates for old community elevators, equipment for elderly care institutions, and commercial facilities such as shopping centers and supermarkets [3]. - New subsidies for smart products have been introduced, covering smart watches, smart glasses, and smart home products, including those designed for elderly users [3]. Group 3: Structural Adjustments - The subsidy standards have been optimized, with a focus on electric vehicles and higher-priced consumer goods [6]. - The adjustment in subsidies for automobiles from fixed amounts to a percentage of the vehicle price indicates a shift towards supporting higher-value purchases [6]. Group 4: Funding and Timing - The first batch of 625 billion yuan in special long-term bonds for 2026 has been allocated earlier than in 2025, indicating a focus on quickly realizing policy effects [6][7]. - The total funding for the 2026 "old for new" program is estimated to be around 250 billion yuan, which is expected to generate approximately 625 billion yuan in consumption growth [7]. Group 5: Long-term Strategy - The policy aims to balance short-term economic support with long-term transformation by leveraging market forces to upgrade demand and innovate supply [8].

Group 1 - Haier Group's subsidiary, Haier New Energy, has initiated the process for its initial public offering (IPO) with guidance from Guotai Junan Securities [1][2] - Haier New Energy was established on May 11, 2022, with a registered capital of 337 million yuan, and is primarily owned by Haier Group's wholly-owned subsidiary, Qingdao Nahui Holdings, which holds 59.4% of the shares [3] - The company completed over 700 million yuan in Series A financing in April 2025, attracting investments from various firms, and was recognized as a "global unicorn" in December of the same year [3] Group 2 - Haier New Energy focuses on providing integrated services in photovoltaic and energy storage systems for residential and commercial users, expanding its market presence to over 50 countries and regions globally [3] - Other home appliance companies, such as Midea, Gree, TCL, and Skyworth, have also entered the new energy sector, each with different strategic focuses [4] - The shift of home appliance giants into the photovoltaic and energy storage markets is seen as advantageous due to their established brand and distribution channels [4] Group 3 - Haier New Energy's strategy avoids direct involvement in manufacturing photovoltaic components and energy storage cells, instead concentrating on user-side system solutions, which are currently more profitable [4][5] - The distributed energy market faces challenges from recent policy changes and market conditions, which may impact investment and profitability [5] - Companies like Haier New Energy and Skyworth are encouraged to leverage existing sales and service channels to integrate energy storage systems with smart home and office solutions, creating a comprehensive intelligent ecosystem [6]

Core Insights - The article discusses the transformative impact of multi-agent AI technology on organizational structures, shifting from reliance on human talent to software capabilities [1][3] - It highlights the prediction that the enterprise application software market, valued at $650 billion, will be disrupted by AI agents, with a projected market size of over $27 billion for enterprise AI applications in China by 2028 [2][3] Group 1: Multi-Agent Technology Evolution - Multi-agent technology is evolving from single-point tools to intelligent management systems, fundamentally restructuring organizational forms and enhancing overall optimization [3][5] - The rise of multi-agent systems is breaking down traditional departmental barriers, enabling seamless cross-departmental collaboration without cumbersome processes [2][5] Group 2: Market Predictions and Trends - IDC forecasts that by 2031, the penetration rate of AI agents in customer service, sales, and marketing applications will approach 100% [2] - The article emphasizes that 2026 is expected to be the year when multi-agent systems will scale up significantly in enterprises [6] Group 3: Organizational Restructuring - The emergence of multi-agent systems is leading to the "atomization" and "automation" of traditional functions, transforming departments into fluid, task-oriented clusters of intelligent agents [5][6] - Companies are encouraged to adapt to multi-agent operations by creating specialized roles for managing these systems, which will require a deep understanding of their mechanisms [6] Group 4: Human-Centric Approach - The article stresses the importance of balancing efficiency with human rights, advocating for a shift where employees are seen as commanders and trainers of AI rather than replaceable costs [7] - Organizations must implement top-down changes to foster a culture that embraces AI, allowing human employees to transition from executors to decision-makers [7]

中经记者 张英英 吴可仲 北京报道 海尔集团的资本布局再落一子。 近日，海尔集团旗下新能源公司——海尔新能源科技股份有限公司（以下简称"海尔新能源"）首次公开 发行股票并上市辅导备案报告正式披露，其辅导机构为国泰海通。 关于此次IPO事宜，截至发稿，海尔新能源方面未向《中国经营报》记者置评。 创立于1984年的海尔集团，其业务及投资已延伸至多个领域。目前，海尔集团旗下资本版图已囊括海尔 智家、雷神科技、海尔生物、盈康生命、上海莱士、新时达、汽车之家、众淼控股等多家上市公司。 2024年9月，海尔集团旗下有屋智能登陆新三板。 此次海尔新能源若成功上市，将进一步扩充海尔集团的资本版图。 公开资料显示，海尔新能源成立于2022年5月11日，注册资本3.37亿元，法定代表人为董增。该公司控 股股东为海尔集团全资子公司青岛纳晖控股有限公司，后者直接持股59.4%。 2025年4月，海尔新能源完成超7亿元的A轮融资，获得国投创益、中国石油昆仑资本、普超资本、星航 资本、恒旭资本等资方投资。同年12月，海尔新能源获评"全球独角兽企业"。 从业务上看，海尔新能源聚焦"绿能+储能+智慧能源控制器"，为家庭及工商业用户提供光伏、 ...

中经记者 张漫游 北京报道 随着2026年1月1日起，数字人民币钱包余额将按照银行活期存款挂牌利率计付利息，数字人民币进入 2.0时代，"数字人民币"骗局随之升级。 近期，多地人民银行分支机构发布消息称，有不法分子借"数字人民币推广"之名实施的诈骗行为同步升 级，其手段更隐蔽、迷惑性更强，严重威胁群众财产安全与金融市场秩序。 郭涛补充道，这类新骗局除绑定央行信用背书，伪造官方文件或名义，利用公众对法定货币的信任降低 警惕，还借新事物认知差，混淆数字人民币与虚拟货币，用"数字金融""区块链"等热词制造迷雾。同 时，场景更精准，结合数字人民币支付、钱包开通等实际使用场景设计骗局，隐蔽性更强；工具也更具 针对性，即专门伪造数字人民币相关App、验证流程，迷惑性远超传统虚假理财平台。 假冒官方 嫁接红利 近期，多地人民银行分支机构发布信息称，日前有不法分子借"数字人民币推广"之名，在微信公众号、 视频号、抖音、小红书等网络平台发布虚假消息和联系方式，以"高额回报"等为诱饵，诱导用户加入聊 天群组，并通过"考试""会议课程"等形式洗脑，进而诱导用户"拉人头"发展下线，企图实施诈骗或传 销。此类行为严重侵害群众财产安全与 ...

中经记者 郝亚娟 夏欣 上海 北京报道 据新华社报道，当地时间1月3日，美国总统特朗普称，美方已成功对委内瑞拉实施打击，抓获委内瑞拉 总统马杜罗，并带离委内瑞拉。 1月5日，国内贵金属期货开盘集体上涨。截至当日17时，现货黄金最高触及4433.55 美元/盎司。 多位分析人士指出，黄金价格强势上涨主要是避险需求推动。汇管信息科技研究院副院长赵庆明强 调："此次地缘事件的烈度与持续性可能有限，其引发的市场避险情绪有望随时间缓和。" 展望后市，华安基金方面指出，美联储仍处于降息大周期，若鸽派主席任选，美联储降息节奏或更加激 进。宽货币之外，美国也处于宽财政阶段，美债信用风险延续，去美元化下央行购金延续，叠加全球黄 金ETF投资需求高涨，仍看好2026年黄金配置价值。 地缘冲突点燃避险情绪 赵庆明在接受《中国经营报》记者采访时指出，该事件发生后，现货黄金价格出现显著上涨。若地区风 险持续发酵或全球其他地缘热点（如俄乌冲突）联动，将继续为金价提供避险溢价。 华安基金方面指出，地缘紧张局势有望利好黄金。全球百年未有之大变局下，逆全球化与地缘冲突不 断，地缘政治的不确定性有望促使更多避险资金涌向黄金。 "特朗普表示美国石 ...