这条路创新采用了智能"地暖"系统，保障高寒地区冬季道路的畅通，更让当地的脐橙、彝绣等特色产 品，以前所未有的速度走出大山、走向市场。 经济观察网据央视新闻客户端消息，今天，深入四川大凉山腹地的乐西高速公路马昭段正式通车，结束 了凉山州的雷波、美姑、昭觉这三个县不通高速的历史。 ...

黄峥表示，自中科建交以来，两国始终相互坚定支持、平等相待、团结互助。中方将落实好两国元首达 成的重要共识，不断延续构建中科命运共同体的"山海情"。 招待会由中国驻科摩罗大使馆和科摩罗政府总秘书处共同举办。当日，中科各界200余名嘉宾出席招待 会，与会嘉宾还参观了中科建交50周年图片展。 经济观察网据央视新闻客户端消息，科摩罗总统阿扎利2025年12月30日在科首都莫罗尼举行的庆祝中国 和科摩罗建交50周年招待会上强调，科方坚定恪守一个中国原则，支持中国统一大业。 阿扎利向中国驻科摩罗大使黄峥赠送了科中建交50周年纪念牌，并在致辞中盛赞科中两国友谊树立了国 际关系典范，感谢中国长期以来对科的支持帮助。 ...

经济观察网天眼查App显示，12月26日，五矿金川红鹭国创科技(甘肃)有限公司成立，法定代表人为李 向东，注册资本1亿人民币，经营范围包括金属与非金属矿产资源地质勘探、矿产资源勘查、地质灾害 治理工程勘查、地质灾害危险性评估等。股东信息显示，该公司由五矿集团国创中心科技(湖南)有限公 司、金川集团股份有限公司、白银有色（601212）共同持股。 ...

历经两年多"内卷"的煎熬后，2025年年底光伏行业传来一系列好消息。 首先是2025年12月10日，光和谦成公司注册成立，这个"多晶硅产能整合收购平台"将按计划收购硅料产能并将其关停，以实现将行业总产能保持在一定水 平，进而实现硅料价格上涨的目标。 2025年136号文（《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》）的发布，重塑了整个产业链的利润分配方式。136号文发布之前， 电网全额保障光伏电站装机上网，由电网承担消纳成本，136号文之后，光伏电站需要在电力市场中进行竞价，消纳成本转移给了光伏电站。 因此，2025年的光伏新增装机呈现"脉冲式"增长，大量集中在4月、5月，下半年新增装机量下滑。 硅料目前已经上涨到约5.2万元/吨，但依然低于多晶硅产能整合收购计划的6.5万元/吨至7万元/吨。部分业内人士还期望硅料价格可以上涨至8万元/吨。 组件方面，业内预计如果组件企业想要在2026年实现盈利，组件价格甚至要涨到1元/瓦。 光伏行业"反内卷"的决心是坚定的。硅料收储企业有可能以较2025年年中传言的"硅料收储"方案更高的资金量收储，收储产能数量则可能略低于预期。光伏 龙头企业也可能用价格替 ...

经济观察网为落实《推动公募基金高质量发展行动方案》，进一步降低基金投资者投资成本，规范公募 基金销售市场秩序，保护基金投资者合法权益，中国证监会对《开放式证券投资基金销售费用管理规 定》进行了修订，并更名为《公开募集证券投资基金销售费用管理规定》，自2026年1月1日起正式施 行。 《规定》共6章29条，主要内容如下： 一是合理调降公募基金认申购费、销售服务费率水平，切实降低投资者成本。 二是简化赎回费收费安排，明确赎回费全部计入基金财产。 三是明确对投资者持有期限超过一年的基金份额(货币市场基金除外)，不再收取销售服务费，鼓励长期 持有。 四是设置差异化的客户维护费支付比例上限，鼓励大力发展权益类基金。 五是强化基金销售费用规范，明确基金销售结算资金利息归属于投资者，要求基金投顾业务不得双重收 费。 六是建立基金行业机构投资者直销服务平台，为基金管理人直销业务发展提供高效、便捷、安全的服 务。 ...

Core Viewpoint - The recent controversy surrounding Pizza Hut's steak products highlights consumer confusion regarding the definitions and quality of various types of beef steaks available in the market, particularly concerning the distinction between pure beef and processed or composite steaks [1][7]. Group 1: Consumer Confusion and Product Definitions - Consumers are often misled by the terminology used in marketing beef products, such as "original cut," "whole cut," and "original meat whole cut," which lack standardized definitions [2][7]. - The investigation revealed that many popular steak products contain additives and are not purely beef, despite claims of being "original cut" or "whole cut" [6][8]. - The industry lacks clear standards for defining "synthetic beef," leading to ambiguity in product labeling and consumer understanding [12]. Group 2: Regulatory Standards and Compliance Issues - The existing standards, such as QB/T5442, differentiate between original cut and processed steaks, but many brands do not comply with these standards, leading to potential mislabeling [8][9]. - The absence of mandatory labeling for processed steaks as "processed" creates confusion, as seen in the packaging of popular brands that do not clearly indicate their products are not pure beef [8][9]. - Regulatory bodies have not yet established a clear definition for "synthetic beef," which allows manufacturers to use ambiguous terms and potentially mislead consumers [12]. Group 3: Market Dynamics and Consumer Trust - The price disparity between original cut steaks and those labeled as "whole cut" or "original meat whole cut" raises questions about the quality and authenticity of the latter, as they often contain additives [9][10]. - The presence of multiple additives in popular steak products, such as soy protein and various emulsifiers, suggests that these products may not meet consumer expectations for pure beef [5][11]. - Industry experts emphasize the need for clearer definitions and standards to protect consumers from deceptive practices and to ensure fair competition among producers [12].

Group 1 - The core theme of the article is the significant increase in mergers and acquisitions (M&A) activities in the A-share market in 2025, with a total of 4,515 projects reported, marking a 1.64% year-on-year growth and a total transaction value exceeding 19.1 trillion yuan, up 5.83% year-on-year [2][3] - Major asset restructuring events have surged, with 148 significant M&A transactions recorded, reflecting a 49.49% increase year-on-year [2] - The central state-owned enterprises (SOEs) are the main drivers of large-scale M&A projects, with 23 projects exceeding 10 billion yuan, highlighting their pivotal role in the market [4] Group 2 - The transformation of the capital market from a financing-centric model to a resource allocation-focused model is emphasized, driven by policy support and industrial dynamics [3] - The restructuring activities are not merely about transaction recovery but signify a structural change aimed at enhancing productivity and innovation within industries [3][7] - The focus of M&A transactions has shifted towards technology innovation and industrial upgrades, with companies seeking to acquire key technologies and enter emerging sectors [7] Group 3 - Notable M&A cases include China Shenhua's acquisition of 12 core enterprises from its controlling shareholder, with a total transaction value of 133.6 billion yuan, and CICC's proposed merger with Dongxing Securities and Xinda Securities, valued at 114.3 billion yuan [5][6] - The market has seen various "firsts" in M&A transactions, such as cross-industry mergers and acquisitions following the implementation of new regulatory frameworks [6] - Despite the termination of the merger between Haiguang Information and Zhongke Shuguang, the semiconductor and high-tech industries continue to see active M&A activities, indicating sustained interest in these sectors [8]

Group 1 - The core objective of Leap Motor is to become a "world-class intelligent electric vehicle company" with a long-term sales target of over 4 million units annually, aiming for a breakthrough of 1 million units by 2026 [2][4] - Leap Motor has signed an investment and cooperation agreement with China FAW, marking a significant partnership that follows the previous strategic investment from Stellantis, enhancing its capital and technological capabilities [2][6] - The company has achieved a cumulative delivery of over 1.2 million vehicles and expects nearly 600,000 units in sales for 2025, demonstrating a strong market presence and continuous quarterly profitability [3][8] Group 2 - Leap Motor's strategy focuses on self-research and manufacturing of core components, which account for approximately 65% of the vehicle's cost, allowing for a "cost pricing" principle that enhances its competitive edge [3][4] - The company plans to emphasize technological innovation, product iteration, ecosystem construction, industrial clusters, and marketing services as part of its transformation from a startup to a large-scale enterprise [4][5] - Leap Motor aims to enhance its brand recognition and user trust in the Chinese market through strategic partnerships, leveraging the strengths of its major shareholders [6][7] Group 3 - The collaboration with Stellantis has enabled Leap Motor to expand its international business, covering 35 countries and regions with over 800 overseas outlets, and projecting an export volume of over 60,000 units by 2025 [7][8] - Leap Motor's future strategy will focus on internal development and maintaining its core business, rather than broadly exporting technology, while continuing to strengthen partnerships with key stakeholders [7][8]

面对极端天气，中国平安（601318）迅速响应，立即启动重大灾害应急预案，推出一系列应急服务举 措，从风险减量、快速理赔、暖心服务等多维度入手，全力保障客户生命财产安全，彰显保险业在灾害 应对中的社会责任与担当。截至12月31日，平安累计调派理赔人员超2580人，投入救援车辆超2108辆， 开展超2769次应急救援，处理雨雪相关报案3.1万笔，累计赔付金额超1.77亿元，最快一笔赔付10分钟内 完成。 冰灾雪情就是号令，全面升级应急服务 认识到本轮雨雪冰冻天气的复杂性和危害性，中国平安坚持"以防为主、防赔结合"的风险减量理念，在 寒潮预警发布初期便提前部署，确保各项应急资源就位。集团及旗下各家保险公司建立了覆盖灾前预 警、灾中响应、灾后理赔的全流程应急处理机制，确保为客户提供全方位的服务和保障。 在灾前防范环节，中国平安充分利用科技手段，向广大客户精准推送寒潮预警信息和雪天安全提示。依 托"鹰眼"系统，平安产险通过"平安好车主App""平安好生活App""平安企业宝App"等线上平台，及短 信、微信等多种渠道，已累计向客户发送预警提示超1.4亿条，内容涵盖行车注意事项、家庭防冻保暖 要点、企业防灾检查清单等。 ...

Core Insights - China People's Health Insurance Company (referred to as "the company") has established a wholly-owned subsidiary, People's Health Management Co., Ltd., marking the first health management company approved after the establishment of the National Financial Supervision Administration in 2023 [1] - The establishment of the health management company is a key step for the company in advancing its big health and big elderly care ecosystem, transitioning from a traditional reimbursement model to a managed care model [1] - The company has developed a comprehensive health ecosystem covering medical, pharmaceutical, rehabilitation, nursing, health, and insurance services, with a health management team exceeding 450 personnel [1] Resource Integration - The company has built a medical cooperation network consisting of over 10,000 hospitals, 230,000 pharmacies, 2,500 health examination centers, 3,000 dental clinics, and nearly 1,000 nursing institutions [2] - It has established 80 corporate joint medical offices across the country, providing health insurance solutions to 400,000 corporate clients, with a total service payout reaching 174 million person-times [2] - The company's health management services have benefited over 100 million individuals to date [2]