Core Viewpoint - The strategic cooperation between Great Wall Motors and Faraday Future (FF) is entering a deep implementation phase, with the FX Super One project progressing as planned, opening new avenues for Chinese automotive exports and expansion into the North American market [1][2]. Group 1: Strategic Cooperation - Great Wall Motors' Chairman Wei Jianjun confirmed that the collaboration with FF is advancing smoothly, indicating a strong commitment to the partnership [1]. - The recent strategic upgrade agreement between FF and Hebei Huanzhou Automotive Sales Co., Ltd. focuses on compliance certification, mass production, and delivery of the FX Super One in the U.S. market, as well as the joint development of three new models including the FX 4 [1][2]. - Hebei Huanzhou serves as a crucial intermediary linking FF and Great Wall Motors, facilitating resource integration and project implementation [2]. Group 2: Market Impact - The upcoming mass production and delivery of the FX Super One, along with the launch of the FX 4 and other new projects, will enhance the strategic synergy between Great Wall and FF [3]. - The collaboration is expected to leverage FF's established brand presence and compliance systems in North America, combined with Great Wall's strengths in vehicle development and supply chain management, to create a new model for cost-effective and efficient overseas market entry for Chinese automakers [2][3]. - The partnership is seen as a validation of FF's EAI bridge strategy, potentially serving as a model for future collaborations between Chinese and American automotive industries, and showcasing the global reach of Chinese high-end manufacturing [3].

美股期货转涨，道琼斯指数期货涨0.06%，标普500指数期货涨0.12%，纳斯达克100指数期货涨0.14%。 CPI数据公布后，市场预计2026年美联储将降息61个基点；就在数据公布前，这一预期为58个基点。 2月13日，美国1月CPI环比增长0.2%，预估为增长0.3%，前值为增长0.3%。1月CPI同比增长2.4%，预估 为增长2.5%，前值为增长2.7%。 美国1月核心CPI环比增长0.3%，预估增长0.3%，前值增长0.2%。美国1月核心CPI同比增长2.5%，预估 增长2.5%，前值增长2.6%。 ...

2月13日，人民银行公布1月金融数据。数据显示，2026年1月末，社会融资规模存量449.11万亿元，同 比增长8.2%，比上年同期高0.2个百分点；1月，社会融资规模增量为7.22万亿元，同比多1662亿元。 1月末，广义货币(M2)余额347.19万亿元，同比增长9.0%，比上月高0.5个百分点，比上年同期高2.0个百 分点。 贷款方面，1月末，人民币各项贷款余额276.62万亿元，同比增长6.1%。结构上看，普惠小微贷款余额 为37.16万亿元，同比增长11.6%，不含房地产业的服务业中长期贷款余额为60.03万亿元，同比增长 9.2%，以上贷款增速均高于同期各项贷款增速。 "M2和社会融资规模增速均保持在较高水平，持续为经济回升向好创造适宜的货币金融环境。"权威专 家对智通财经记者表示，一季度信贷投放量通常比较多，政策早出台就能早见效。当前我国金融供给总 量比较充足，破解有效需求不足的问题，关键还是要深化改革、促进经济结构转型升级。财政和金融协 同扩内需的力度也在加大。 权威专家还对智通财经记者指出，1月M2同比增长9.0%，增速较上月有所走高。一方面是存在一定的基 数效应，2025年1月M2新增约5 ...

2月13日，证监会严肃查处天风证券违法违规行为，同时证监会表示，公司治理是上市公司高质量发展 的根基，合规风控是证券公司稳健发展的生命线。从天风证券违法违规案例看，一方面大股东滥用股东 权利、违法利用证券公司融资、侵蚀证券公司利益，另一方面证券公司突破合规底线、配合股东违法违 规，性质恶劣，必须依法从严惩处。下一步，证监会将继续坚持"追首恶"与"打帮凶"并举，严厉打击此 类违法违规行为。同时，督促证券行业以案为鉴，深刻汲取教训，全面加强公司治理和合规风控管理， 持续推进行业文化建设，切实做到"不逾越底线、不唯利是图、不急功近利、不脱实向虚、不胡作非 为"，坚持诚实守信、以义取利、稳健审慎、守正创新、依法合规。 ...

2月13日，央行数据显示，1月份人民币贷款增加4.71万亿元，智通财经C50风向指数调查预测中值为4.7 万亿元。分部门看，住户贷款增加4565亿元，其中，短期贷款增加1097亿元，中长期贷款增加3469亿 元；企（事）业单位贷款增加4.45万亿元，其中，短期贷款增加2.05万亿元，中长期贷款增加3.18万亿 元，票据融资减少8739亿元；非银行业金融机构贷款减少1882亿元。 ...

Core Viewpoint - The new housing market in second-tier cities shows signs of price stabilization, with a narrowing decline in sales prices in January 2026 compared to previous months, indicating a potential recovery phase in the real estate market [1][2]. Group 1: New Housing Market Trends - In January 2026, first-tier cities saw a 0.3% month-on-month decline in new residential sales prices, while second-tier cities experienced a 0.3% decline, narrowing by 0.1 percentage points [1]. - Year-on-year, first-tier cities' new housing prices fell by 2.1%, with the decline expanding by 0.4 percentage points compared to the previous month; second and third-tier cities saw declines of 2.9% and 3.9%, respectively, with both declines also widening [1]. - The easing of price declines in second-tier cities reflects a gradual stabilization, supported by existing housing demand and improved market expectations [1]. Group 2: Second-Hand Housing Market Insights - The second-hand housing market shows a notable narrowing of price declines, with first-tier cities experiencing a 0.5% month-on-month decrease, a reduction of 0.4 percentage points from the previous month [3]. - The 70-city second-hand housing price index fell by 0.5% in January, marking the lowest decline since August of the previous year, indicating a potential stabilization in the market [3]. - Core cities are witnessing a shift in landlord attitudes, with a decrease in listing volumes and improved transaction efficiency, suggesting a healthier market dynamic [3][4]. Group 3: Market Outlook and Policy Implications - The overall real estate policy direction is expected to remain focused on stabilizing the market and expectations, with a continued emphasis on targeted measures based on local conditions [4]. - The first quarter of 2026 is seen as a critical period for market trends, with expectations that new housing prices in first-tier cities may gradually stabilize and year-on-year declines may continue to narrow [4][5]. - Despite a rebound in transaction volumes, the stability of the market remains uncertain, with the sustainability of policy effects post-Spring Festival being a key factor for future demand [5].

凤凰网科技讯2月13日，蚂蚁集团开源发布全球首个基于混合线性架构的万亿参数思考模型Ring-2.5- 1T，在长文本生成、数学推理与智能体任务执行上达到开源领先水平，为智能体(Agent)时代的复杂任 务处理提供高性能基础支撑。 Ring-2.5-1T基于Ling2.5架构，通过优化注意力机制，显著提升长文本推理的效率与稳定性。模型激活 参数规模从前代的51B提升至63B，但在混合线性注意力架构的支持下，推理效率相比上一代大幅提 升。与仅具备32B激活参数的KIMI K2架构相比，在1T总参数量下，Ling2.5架构在长序列推理任务中的 吞吐表现依然优势显著，且随着生成长度增加，效率优势持续扩大。 目前，Ring-2.5-1T的模型权重与推理代码已在Hugging Face、ModelScope等主流开源平台发布。官方平 台Chat体验页和API服务将在近期上线。 在生成效率上，Ring-2.5-1T在32K以上长文本生成场景中，对比上代模型访存规模降低10倍以上，生成 吞吐提升3倍以上。在深度思考能力方面，该模型在国际数学奥林匹克竞赛(IMO2025)和中国数学奥林 匹克(CMO2025)自测均达到金牌水平 ...

2月13日，A股蛇年行情圆满收官，各大主要指数今年全线飘红。上证指数累计上涨25.58%，深证成指上涨 38.84%，创业板指以58.73%的涨幅强势领跑。蛇年A股市场交易活跃，"日成交超万亿"已成常态，日均成 交额跃升至1.89万亿元，较龙年大幅增长近七成，并且成交额超2万亿元的交易日占比达35%。个股层面， 全年近4700只个股收涨，其中779只股价翻倍，涨幅超200%个股逾百只。剔除次新股后，蛇年涨幅前三分 别为上纬新材、天普股份、嘉美包装，涨幅分别超1800%、900%、800%；同期仅23只个股跌幅超40%，8 只个股跌幅超50%，市场整体表现强劲。 44.59 北证50 15 30 45 60 0 截止交易日期：2026-2-13 *起始交易日期: 2025-1-29 ...

Seedream模型还引入了实时检索增强能力，它可通过联网检索，获取最新的知识和资讯，更精准地回应 具有时效性的创作需求。 凤凰网科技讯2月13日，字节跳动Seed团队推出Seedream5.0Lite智能图像创作模型。相比4.0版本，模型 在理解、推理和生成方面全面提升。作为通向统一多模态模型的进一步探索，它开始能像人类设计师一 样"理解"用户指令背后的意图，"看懂"不同画面中的规律，并将世界知识应用于图像与文本创作中。 ...

外观设计上，宋Ultra EV延续了比亚迪王朝网经典的"龙颜美学"设计语言。前脸采用封闭式格栅造型， 与贯穿式灯带呼应，下包围两侧导流槽尺寸大幅增大，优化了空气动力学性能。 凤凰网科技讯2月13日，比亚迪（002594）王朝首款B级纯电SUV——宋Ultra EV全新紫色涂装官图公 布，新车前脸线条融合东方美学与当代设计语言，侧面配备悬浮式车顶。 据报道，宋Ultra EV长宽高分别为4850/1910/1670毫米，轴距达到2840毫米，相较于宋L DM的 4780/1898/1670毫米(轴距2782毫米)，在长度、宽度和轴距上均有明显提升，成为目前宋家族尺寸最大 的车型。 ...