对此，通信业分析师周桂军认为，这显示我国开始以更系统的方式参与近地轨道资源的争夺与规划，同时，中国移动、中国电信、国电高科、垣信卫星等多 家商业主体也在此次申请中布局千颗级乃至万颗级星座，呈现出官方推动与民营企业并行发展的态势。 2026年伊始，瞄准星辰大海的中国商业航天有了新的目标。 日前，国际电信联盟（ITU）官网披露的最新数据显示，2025年12月，我国共向ITU申报了总数超20万颗的超大规模卫星星座部署规划，涵盖约14个星座， 创下我国卫星星座申报数量的新纪录。 其中，申请记录中最大的两个代码编号分别为CHN2025-79441与CHN2025-79398，数量均为96714颗，同时，申报中超过19万颗来自我国新成立的"无线电频 谱开发利用和技术创新研究院"（以下简称"无线电创新院"），同时也有中国移动、中国电信、国电高科、垣信卫星与若干商业航天企业的申报在列。 值得注意的是，此次向ITU提交的申报并非最终结果，尚需经ITU程序审查与后续的"投运"才能最终确权并落地。 战略价值或超部署本身 在公开申请内容中，《中国经营报》记者注意到，此轮申报的数量创下历史新高。作为对比，美国SpaceX的星链卫星部署 ...

Core Viewpoint - The company Aihuilong has received a regulatory warning from the Shanghai Stock Exchange due to inconsistent disclosures regarding its strategic partnership with Brain Machine Star Chain Technology, particularly concerning the technology paths involved in their collaboration [1][2]. Group 1: Regulatory Warning - Aihuilong was issued a warning letter by the Shanghai Stock Exchange for failing to provide accurate and complete information regarding its partnership with Brain Machine Star Chain, which raised concerns about potential investor misguidance [1]. - The company’s announcement about the partnership led to a significant increase in its stock price by 6.52% and a trading volume surge of 299% compared to the previous day [1]. Group 2: Partnership Details - Aihuilong signed a strategic cooperation framework agreement with Brain Machine Star Chain to collaborate on product development, market promotion, and equity investment, with Brain Machine Star Chain focusing on both non-invasive and invasive technology paths [1][2]. - Aihuilong clarified that Brain Machine Star Chain's current research products are based solely on non-invasive technology and that no invasive technology is being developed at this stage [2]. Group 3: Financial Performance - For the first three quarters of 2025, Aihuilong reported revenue of approximately 1.287 billion yuan, a year-on-year decrease of 7.69%, and a net profit of about 60.42 million yuan, down 72.36% year-on-year [3]. - The company has cash reserves of 465 million yuan [3].

Core Viewpoint - The current "brain-computer interface" is a market hotspot, attracting significant investor attention, particularly after the company's stock price rose by 6.52% with a trading volume increase of 299% compared to the previous trading day. The company is urged to ensure that disclosures related to this hot topic are accurate and complete to avoid misleading investors [2] Group 1: Regulatory Actions - The Shanghai Stock Exchange issued a regulatory warning to the company, highlighting inconsistencies in the announcement regarding the technical path of its partner and insufficient risk disclosures related to collaboration uncertainties [2] - Following the announcement of a strategic cooperation framework agreement with Shenzhen Brain Machine Starlink Technology Co., Ltd., the company faced immediate media scrutiny and market attention [2][3] Group 2: Partnership Details - The company clarified that the current research products of Brain Machine Starlink are based on a non-invasive technical path, with no invasive technology in development, and that some products are still in early research or pre-clinical stages [3] - The company plans to invest no more than 15 million yuan in Brain Machine Starlink, with an estimated research and development investment of around 30 million yuan for the related projects, which are still in early stages and have uncertain development timelines [3] Group 3: Financial Performance - For the first three quarters of 2025, the company's revenue was approximately 1.287 billion yuan, a year-on-year decrease of 7.69%, while net profit was about 60.42 million yuan, down 72.36% year-on-year. The company reported cash and cash equivalents of 465 million yuan [4]

Core Viewpoint - The Longzhutan Ecological Green Heart is exploring new models for green transformation and development, supported by a recent implementation plan from the National Development and Reform Commission [2][3]. Group 1: Development and Infrastructure - The green heart area has improved transportation conditions, significantly reducing concerns about seedling transportation losses, which has positively impacted business growth [2]. - The area covers 529.79 square kilometers, integrating 10 counties and 21 townships, with a blue-green space ratio of 79.70% [2]. - The average development intensity in the region is 14.24%, making it a model for cross-administrative coordination and urban-rural integration [2]. Group 2: Policy and Strategic Support - The National Development and Reform Commission has approved a development plan for the Longzhutan urban agglomeration, aiming to establish a globally influential ecological green heart [3]. - The recent implementation plan is a systematic deployment to support the green transformation of the green heart, based on thorough research and experience [3]. Group 3: Ecological and Environmental Initiatives - The implementation plan emphasizes a comprehensive ecological project, focusing on water safety and integrating ecological restoration with flood risk management [4]. - It proposes utilizing natural water bodies for flood regulation and optimizing drainage layouts to enhance regional water security [4]. - The plan aims to drive industrial and energy structure optimization through ecological protection, promoting high-quality regional development [4]. Group 4: Transportation and Energy - The plan includes constructing a multi-layered green transportation network to reduce carbon emissions from cross-regional commuting [4]. - It promotes the adoption of electric vehicles in public sectors and aims for comprehensive electrification of public transport [4]. - The initiative also involves intelligent upgrades to transportation infrastructure to improve operational efficiency and energy utilization [4].

Core Viewpoint - The chief economist of Zheshang Bank, Yin Jianfeng, expressed optimism about Chinese assets in 2026, suggesting that strategic emerging industries are maturing and traditional sectors are recovering from various shocks [1] Group 1: Historical Context - Historically, years of the horse in the Chinese zodiac have coincided with economic stabilization: 1978 marked the beginning of reform and opening up; 1990 was the lowest point after turmoil; 2002 was the first year after joining the WTO, leading to a decade of growth; and 2014 was on the eve of a new investment cycle [1] - The year 2026 is expected to follow this trend, indicating a potentially favorable economic environment [1] Group 2: Industry Insights - Traditional industries are gradually recovering from impacts, while cyclical industries may enter a new cycle [1] - Strategic emerging industries are transitioning from infancy to strength, with new growth drivers capable of revitalizing older sectors [1] Group 3: Investment Opportunities - Investment opportunities are identified in cyclical sectors, particularly in energy cycles, with oil, petrochemicals, and coal industries closely aligned with the London crude oil price index [1] - Additionally, the non-ferrous metals and chemical products sectors are noted for their strong correlation with the London copper price [1]

Core Insights - Xiaopeng Motors is shifting its focus from merely being an "intelligent car company" to a "physical AI company" that deeply integrates AI with manufacturing [2] - The company has launched the "Xiaopeng AI Technology Smart Manufacturing Tour," showcasing its capabilities in smart manufacturing and future mobility systems [1][2] - The 2026 Xiaopeng P7+ model features significant enhancements, including a pure electric range of 430 kilometers and a combined range of up to 1550 kilometers, indicating a systematic response to market demands [3] Group 1 - Xiaopeng Motors opened its factory to the public, emphasizing its commitment to manufacturing and innovation rather than just product specifications or pricing strategies [1] - The simultaneous launch of the 100,000th Xiaopeng P7+ vehicle and the delivery of the first batch of the 2026 model demonstrates a coordinated effort in showcasing technological and delivery capabilities [1][3] - CEO He Xiaopeng highlighted the importance of understanding the logic behind manufacturing and how technology serves people, reinforcing the company's identity transformation [2] Group 2 - The 2026 Xiaopeng P7+ will be introduced in 36 countries and regions globally, marking a significant step in the company's international expansion [3] - The focus on manufacturing and systems as core competitive variables suggests a strategic shift in the industry, raising the bar for future competition [3] - Xiaopeng Motors aims to redefine the competitive landscape by prioritizing manufacturing capabilities over short-term sales and pricing battles [3]

Core Viewpoint - Xpeng Motors is shifting its focus from traditional marketing strategies to showcasing its manufacturing capabilities through the launch of the "Xpeng AI Technology Smart Manufacturing Tour," positioning itself as a leader in intelligent manufacturing and AI integration in the automotive industry [1][2]. Group 1: Strategic Initiatives - The "Xpeng AI Technology Smart Manufacturing Tour" aims to present the company's foundational capabilities in smart manufacturing, AI technology, and future mobility systems, marking a strategic declaration to return competition to the core areas of manufacturing and systems [1][2]. - The simultaneous launch of the 100,000th unit of the Xpeng P7+ and the delivery of the first batch of the 2026 model signifies a coordinated effort to demonstrate the company's technological and delivery capabilities [1]. Group 2: Product Development - The 2026 Xpeng P7+ introduces a super extended range version, achieving a pure electric range of 430 kilometers and a combined range of up to 1550 kilometers, significantly differentiating itself from competitors in terms of usage radius and scenario coverage [3]. - The 2026 Xpeng P7+ is set to enter 36 countries and regions globally, with a simultaneous launch in Brussels, Belgium, indicating a proactive approach to global market expansion [3]. Group 3: Leadership Perspective - CEO He Xiaopeng emphasizes that the essence of a manufacturing company lies in understanding the logic behind manufacturing and ensuring that technology serves human needs, redefining Xpeng Motors as a "physical AI company" rather than just an intelligent vehicle manufacturer [2]. - The decision to open the factory to the public is rooted in the belief that true innovation can only be understood by experiencing the manufacturing process firsthand [2]. Group 4: Competitive Landscape - By placing manufacturing at the forefront, Xpeng Motors is not only showcasing its capabilities but also signaling a shift in competitive dynamics, where manufacturing and systems become the core variables, raising the bar for future competition [3].

Core Viewpoint - The Haidian District of Beijing is enhancing its business environment through a series of measures aimed at protecting enterprises and promoting economic development, with a focus on law enforcement and service optimization [1][2]. Group 1: Business Environment Optimization - Haidian Public Security Bureau has implemented a series of measures, including the "Twenty Measures to Optimize the Legal Business Environment," to support regional economic development [1]. - A 24-hour enterprise service hotline has been established to ensure rapid response to business-related issues, facilitating efficient and high-quality integrated services for enterprises [1][2]. - The establishment of three comprehensive police service stations in key technology parks has led to over 390 consultations and 56 promotional activities, reaching more than a thousand employees [2]. Group 2: Legal Protection and Enforcement - Since 2025, Haidian Public Security has recovered over 160 million yuan in losses for enterprises by intensifying efforts against violations of legal rights and internal corruption [1][2]. - A collaborative working room for intellectual property cases has been set up to enhance communication among law enforcement agencies, improving the handling of related cases [2]. - The introduction of a 48-hour expedited review model for tax-related economic cases has strengthened tax order maintenance [2]. Group 3: Community and Public Services - The police have improved public service models, transitioning from "can do" to "easy to do" and finally to "heartwarming service," enhancing the overall experience for citizens [3]. - A multi-departmental "Five Joint" event management model has been launched to optimize safety supervision and simplify event approvals, contributing to economic development [3]. - The establishment of a unique anti-fraud system in Haidian has led to a significant reduction in telecom fraud cases, with a reported decrease in fraud-related incidents and losses by 430 million yuan in 2025 [3][4].

Core Insights - The main focus of the news is the unveiling of the new generation humanoid robot Atlas by Boston Dynamics at CES 2026, which is set to be utilized in Hyundai's manufacturing plants starting in 2028 [2][3]. Group 1: Robot Features and Capabilities - Atlas stands nearly 1.9 meters tall, can lift up to 50 kilograms (110 pounds), and operates efficiently in industrial environments ranging from -20°C to 40°C [3]. - The robot is equipped with 56 fully movable joints, most of which support 360° rotation, and features tactile sensors in its hands, allowing for efficient task execution without frequent posture adjustments [3][5]. - Atlas can autonomously navigate to charging stations for battery replacement, enabling continuous operation for 24 hours a day, 7 days a week, with a single charge lasting approximately 4 hours [5]. Group 2: Industrial Application and Production Goals - The new Atlas is nearing industrial application and is expected to be deployed at Hyundai's Metaplant America in Georgia, primarily for tasks like parts sorting, with plans to take on more complex assembly tasks by 2030 [5][6]. - Hyundai aims to produce 30,000 units of the robot annually by 2028, enhancing its operational efficiency through strategic partnerships with Nvidia and Google DeepMind [6]. Group 3: AI Integration and Future Implications - Atlas incorporates an intelligent system with "zero-shot learning" capabilities, developed in collaboration with Google DeepMind, allowing it to quickly understand and adapt to new environments [7][9]. - The integration of Atlas's capabilities is expected to influence Hyundai's next-generation smart driving systems, transitioning from rule-based to instinct-driven algorithms [9]. - Data collected from Atlas's operations in manufacturing will contribute to optimizing smart driving algorithms, creating a feedback loop that enhances both robot and vehicle performance [9][10].

中经记者 慈玉鹏 北京报道 2026年1月，多家银行发布挂钩黄金相关标的的结构性存款产品，年化收益率最高一度触及4.5%。 《中国经营报》记者采访了解到，投资挂钩黄金相关标的的结构性存款产品，需要注意评估其高收益触 发条件是否合理；同时，产品若以美元计价，购买前必须考虑汇率风险。 高收益率产品陆续推出 近期，多家银行发布挂钩黄金相关标的的结构性存款产品。 购买挂钩黄金的结构性存款投资人需要注意风险。 尊彩黄金产业研究院院长吴龙告诉记者，首先，市场风险是核心，黄金价格波动直接影响收益实现，例 如部分产品中设定若金价未达预期，投资者仅能获得较低年化收益。其次，部分产品流动性风险因产品 期限较长，提前赎回可能面临罚息或本金损失。最后，挂钩标的复杂性带来额外风险，例如部分产品并 非直接挂钩黄金现货，而是金矿公司股票，其表现受企业运营和股市波动双重影响，投资者需充分理解 条款以避免误判。 金融监管专家周毅钦告诉记者，投资者购买挂钩黄金相关标的的结构性存款，收益多为"区间型"或"触 发型"，若金价在观察区间内未达到约定条件，只能拿保底收益，弹性收益往往需要金价有较大幅度的 上涨才能实现。所以不能被其高收益所迷惑，还是要评 ...