12月28日，几内亚举行2025年总统选举，共有包括敦布亚在内的9名候选人参选，未来当选总统任期为 七年。 经济观察网 据央视新闻客户端消息，据几内亚国家选举总局12月30日公布的初步结果，过渡总统马马 迪·敦布亚在28日举行的总统选举中获胜。 ...

编者按：2025年，经济观察报以"我们的四分之一世纪"为年终特刊主题，旨在通过数十位时代亲历者的 故事，共绘一幅属于这段岁月的集体记忆图谱。 2025年冬，北京金融街通泰大厦的办公室里，52岁的大岳咨询CEO姜卫东回忆着自己的职业生涯。从 1996年兰州大学毕业进入中铁建、1999年借调至中咨公司到2004年年末入职大岳咨询，他经历和参与了 几乎中国基础设施建设的各个阶段。 姜卫东说："有意思的是，回头看我这些年职业生涯的变化，基本跟基础设施投融资的节奏变动一致。" 姜卫东的经历，是一代基建人在市场化转型中的缩影。在过去四分之一世纪，中国掀起了前所未有的基 础设施建设浪潮。地铁、高铁、高速公路……动辄以十亿计的项目在全国铺开。基建投资模式从政府投 资主导到"土地财政"再到PPP模式，经历了数次变动。 这些工程项目的建设也让从业者获益颇丰，成为不少人成家立业的根基所在。但红利期总会过去，姜卫 东说："政策红利，一辈子可能就遇到一次，幸运的是，我们正好赶上了。" 毕业季 1992年，姜卫东从江苏农村考入兰州大学经济系。1996年，姜卫东本科毕业。不幸的是，当时高校毕业 生就业开始进入"双轨制"这一过渡期，即从国家 ...

12月30日消息，中金厦门火炬产业园REIT已于近日在深交所正式申报，成为全国首单以"国家火炬计划 软件产业基地"为底层资产的公募REITs。申报信息显示，中金厦门火炬产业园REIT的专项计划管理人 为中国国际金融股份有限公司，基金管理人为中金基金管理有限公司，托管人为中国农业银行股份有限 公司，原始权益人为厦门高新技术创业中心有限公司、厦门火炬高新区招商服务中心有限公司，均为厦 门火炬集团子公司。 扩容潜力存在10-35倍扩容空间 截至2025年12月26日，国内REITs市场共上市78只，总市值2199亿元。该REIT处于一级市场首发阶段， 与同周更新的博时山东铁投REIT、华泰三峡清洁能源REIT共同推进。中金厦门火炬产业园REIT申报响 应国家发改委与能源局，关于支持光热发电等清洁能源项目发行REITs的号召，通过盘活存量资产促进 投融资循环。当前REITs市场扩募加速，中金厦门安居REIT(扩募)、中航京能光伏REIT(扩募)等项目已 进入不同阶段，而火炬产业园REIT的获批将为园区类REITs提供新样本表。 根据国信证券测算，中国REITs市场规模潜在空间为2.1万-4.5万亿元，当前仅为其总规模 ...

Core Insights - Huawei's 10th anniversary of the WATCH series marks a significant milestone, showcasing the evolution of smartwatches from mere tech gadgets to essential health companions [1][10][18] - The company emphasizes a user-friendly experience by transforming complex health technologies into accessible features, reflecting a commitment to continuous research and development over the past decade [5][9][18] Group 1: Product Development and Innovation - The new Huawei WATCH incorporates the advanced X-TAP sensing technology, allowing for quick health assessments, such as a 10-second blood oxygen reading and a comprehensive health check in 60 seconds [7][9] - Huawei's collaboration with authoritative medical institutions has enabled the identification of health risks for over 200,000 users, demonstrating the integration of medical-grade insights into everyday health monitoring [9][10] Group 2: User Experience and Interaction - The "health dashboard" feature innovatively displays 12 core health metrics on the watch face, allowing users to monitor their health effortlessly while checking the time [12][10] - The upgraded HarmonyOS 6.0 and AI capabilities enhance user interaction, enabling personalized health insights and simplifying complex data interpretation [14][10] Group 3: Market Positioning and Strategy - Huawei's product strategy aims for comprehensive coverage across various consumer needs, offering a range of models from the flagship WATCH5 to the fashion-oriented GT series, ensuring digital health is accessible to all [16][18] - The anniversary edition not only pays homage to the original model but also reinforces Huawei's commitment to quality and durability through premium materials [16][18]

经济观察网中国国际贸易促进委员会(以下简称中国贸促会)日前举行新闻发布会，宣布2026年中国会展 经济国际合作论坛(CEFCO)将于2026年1月21日至23日在湖北省武汉市举行，20多个国家和地区的会展 机构与企业代表已报名参会，澳门地区将派出阵容强大的高级别代表团。CEFCO论坛是国务院批准的 国家级、国际性专业会展论坛，由中国贸促会与多家国际会展组织于2005年共同创办，已成功举办20 届。 ...

Core Insights - The Chinese automotive industry is entering a new development phase as the "14th Five-Year Plan" concludes, with a focus on technological advancements and market dynamics [2] - Black Sesame Intelligence is positioned uniquely in the domestic automotive-grade AI chip sector, with few competitors capable of high-performance R&D and mass production [2] - The company is expanding its growth boundaries by entering the robotics market, leveraging its existing technology without needing to rebuild foundational capabilities [3] Group 1: Company Positioning - Black Sesame Intelligence has established a product lineup that meets core demands from mid to high-level autonomous driving, with ongoing projects in major automotive companies like Geely, BYD, and Dongfeng [2] - The company’s commercial status of "mass production, replicable, and scalable" is a critical factor for investors assessing the value of AI chip enterprises [2] Group 2: Growth Opportunities - In 2025, Black Sesame Intelligence will launch a multi-dimensional intelligent computing platform, marking its entry into the robotics sector, which is expected to have a shipment volume several times that of the automotive market [3] - The acquisition of Yizhi Electronics enhances Black Sesame's low-power chip capabilities, completing its product matrix from mid-high to full coverage of computing power [3] Group 3: Investment Logic - The value of Black Sesame Intelligence is derived not only from individual products or short-term orders but from its evolving platform capabilities, with automotive-grade chips providing stable cash flow and new markets like robotics offering high growth potential [3] - The company is recognized in the "2025 Automotive Industry Impact Yearbook" as a representative investment value enterprise due to its commercial progress in automotive-grade AI chips and forward-looking strategies in emerging sectors [4]

Company Dynamics - Zhou Zhiwen, a major shareholder and actual controller of Zhaoyan New Drug (603127.SH), has announced a significant share reduction plan, potentially cashing out over 500 million yuan based on the current stock price [2] - Before the reduction, Zhou held 74,725,981 shares, accounting for 9.9704% of the total share capital, with a combined holding of 32.274% with his spouse, Feng Yuxia [2] - Following the announcement of the share reduction, Zhaoyan New Drug's stock dropped by 6.20% on December 30, closing at 34.80 yuan, indicating a potential cash-out of over 500 million yuan from the sale of 14.98 million shares [2] Industry Insights - Zhaoyan New Drug specializes in non-clinical research services, clinical services, and the supply of experimental models, gaining prominence in the capital market due to its assets in experimental monkeys [2] - The average market price of experimental monkeys has seen significant fluctuations, with prices rising from 13,800 yuan per monkey in 2017 to nearly 190,000 yuan in 2022, before experiencing a decline in 2023 [2][3] - In November 2023, the price of experimental monkeys dropped to approximately 113,000 yuan each, reflecting a decrease of over 30% from the peak [3] - Despite a decline in revenue by 26.23% year-on-year to 985 million yuan in the first three quarters of 2025, Zhaoyan New Drug managed to achieve a net profit of 80.71 million yuan, indicating a recovery in performance [3] - As of December 29, 2025, Zhaoyan New Drug's stock price has increased by over 120% within the year [3] Shareholder Activity - Zhou Zhiwen has a history of share reductions, having sold a total of 14.11 million shares since November 2020, resulting in approximately 915 million yuan in cash [4]

经济观察网12月30日，遥望武汉AI电商孵化中心在武汉市东西湖区正式投入运营。该中心以"政府引 导、企业主导、市场运作、生态共荣"为原则，定位为直播电商产业聚合平台、数字经济人才孵化基地 和品牌数字化转型服务中心，短期目标每年培养500+电商人才、打造1000+SKU爆品库，长期依托遥望 全国IP资源、AI产业园基地及标准化中台能力，探索本地电商新标杆。 ...

经济观察网12月30日，成飞集成（002190）(002190.SZ)发布公告，公司董事会于2025年12月30日收到 程雁女士、杜林春先生提交的书面辞职报告，因工作变动分别申请辞去公司第八届董事会董事职务，辞 职后程雁女士将继续担任公司董事会秘书、财务负责人、总法律顾问职务，杜林春先生不再担任公司任 何职务。董事会同意补选何君先生、王海先生为公司第八届董事会非独立董事候选人，经公司职工代表 大会民主选举同意推荐刘岩先生为公司第八届董事会职工代表董事，任期均自相关会议审议通过之日起 至本届董事会届满之日止。 ...

千亿斤粮食产能提升行动是国务院于2024年4月印发实施的《新一轮千亿斤粮食产能提升行动方案 （2024—2030年）》，目标到2030年实现新增粮食产能1000亿斤以上，全国粮食综合生产能力达到每亩 420公斤左右。 "新一轮千亿斤粮食产能提升行动"与"第二轮土地承包延包整省试点"是相辅相成、互促共进的关系。产 能提升行动聚焦生产端，通过稳定粮油生产、优化品种与品质，直接夯实粮食安全物质基础；而"整省 试点"着眼制度端，以延包保障农民土地权益，稳定经营预期，并通过规范盘活各类资源、创新投融资 机制，激活土地等要素潜能。二者共同指向农业强国的核心任务：既靠科技与政策增产量、提质量，也 靠制度改革添活力、稳根基，推动农业现代化与乡村全面振兴协同迈进。 12月29日至30日，中央农村工作会议召开。会议分析了当前"三农"工作面临的形势和挑战，部署2026 年"三农"工作。 中央农村工作会议明确了哪些重点？ 会议强调，农业农村现代化关系中国式现代化全局和成色，必须加快建设农业强国。要稳定粮油生产， 加力实施新一轮千亿斤粮食产能提升行动，推动粮食品种培优和品质提升。加强水利基础设施建设，强 化气象监测预报预警，增强农业防 ...