Core Viewpoint - China People's Insurance Group (CPIC) is committed to building a world-class insurance financial group and aims to contribute significantly to the modernization of China through high-quality development and comprehensive risk management [1][2][3] Group 1: Strategic Goals and Development - The year 2025 is highlighted as a significant year for CPIC, focusing on balanced growth in scale and efficiency while enhancing social responsibility and economic benefits [1] - The company emphasizes the importance of aligning with the central economic work conference's spirit and aims to enhance services in areas such as consumption, innovation, and social welfare [2] - CPIC plans to implement a "first-class" strategy in 2026, balancing speed and quality, and focusing on high-quality development and risk management [3] Group 2: Reform and Innovation - CPIC is committed to deepening reforms across six key areas, including governance, strategic control, and digital transformation, to enhance operational efficiency [2] - The company aims to innovate its insurance services to play a counter-cyclical role in economic development, contributing to broader societal goals [2] - Emphasis is placed on creating a high-quality business portfolio and improving service capabilities to achieve sustainable growth [2][3]

Core Insights - The upcoming 9-day Spring Festival holiday is expected to ignite a surge in travel demand, with various travel products already entering a "booking frenzy" [1] - The proportion of travelers during the 2026 Spring Festival is anticipated to increase, gradually catching up with the "returning home" crowd, highlighting a trend towards "segmented New Year" and "composite Spring Festival" experiences [1] Group 1: Travel Trends - "Non-cross-province" travel is gaining popularity, with many travelers preferring local trips to avoid delays in visiting family and friends [2] - Approximately 20% of the top 100 cities for hotel bookings during the Spring Festival are located in provinces with a high number of migrant workers, such as Henan, Anhui, Sichuan, and Jiangxi [2] - The "reverse New Year trend" is notable, with young people in major cities bringing their parents from rural areas to celebrate together [2] Group 2: Regional Highlights - Regions like Guangdong, Fujian, and Sichuan are launching campaigns to attract tourists, with Guangdong's hotel bookings increasing by 169% compared to last year [3] - Fuzhou has entered the top five for hotel bookings during the Spring Festival, with an increase of over 80% year-on-year [3] - Sichuan's New Year activities, including the famous lantern festival, are making it a sought-after destination, with hotel prices rising significantly [3] Group 3: Emerging Travel Patterns - A report indicates a clear trend towards segmented travel, with nearly 35% of users opting for early bird trips before the holiday peak [5] - The highest travel peak is expected on February 18, following family reunions and traditional New Year celebrations [6] - There is a growing interest in "niche" travel destinations and experiences, with social media playing a significant role in promoting lesser-known locations [6]

责任编辑：袁浩 本报讯 记者杨毅报道 1月30日，中国证监会主席吴清在京会见了英国金融行为监管局主席欧达礼。 双方就加强中英资本市场监管合作、优化市场互联互通机制等议题交换了意见。 ...

"当前，逆回购、MLF、国债买卖等保障日常的流动性供给，SLF可向有需要的银行提供临时的流 动性支持，各类再贷款对应结构性的流动性供给。总体看，我国流动性工具体系已较为完整，基本覆盖 了国际通行的流动性工具范围。"业内人士表示，"这套相互配合、各有侧重的立体化工具体系，有力保 障了流动性的充裕，充分体现了我国货币政策调控的专业性与有效性，为经济高质量发展营造了适宜的 流动性环境。" 对于下一步政策思路，董希淼预计，2月份仍然是银行信贷投放较为集中的月份，叠加春节之前取 现因素影响，市场对流动性需求增加。他分析认为，央行已经建立起了一套流动性管理工具"组合拳"， 预计可通过各种工具的配合使用，有效应对财政税收、政府债券发行等短期波动，保持货币市场运行整 体平稳，短端货币市场利率围绕政策利率中枢小幅波动，银行体系流动性保持充裕。 中信证券首席经济学家明明表示，1月份国债净买入规模1000亿元，1月份央行买断式逆回购加上 MLF净投放规模达到1万亿元，流动性整体稳中偏松。2月份，资金面临跨节和现金扰动双重压力，预 计后续可能综合运用多种工具，保持流动性充裕。 2月3日，中国人民银行官网公布，为保持银行体系流动性充裕 ...

2月3日，《中共中央 国务院关于锚定农业农村现代化 扎实推进乡村全面振兴的意见》（以下简称《意 见》）正式发布。这是党的十八大以来第14个指导"三农"工作的中央一号文件，对锚定农业农村现代 化、扎实推进乡村全面振兴进行了部署。 作为国民经济的血脉，金融是激活乡村发展动能的关键力量。为将金融"活水"更好地引向乡野大地， 《意见》提出，要"创新乡村振兴投融资机制"，推动构建多元投入格局。 围绕金融，"一号文件"有哪些提法？《金融时报》记者梳理如下： 把常态化帮扶纳入乡村振兴战略统筹实施，保持财政投入、金融支持、资源要素配置等方面政策总体稳 定。 强化价格、补贴、保险等政策支持和协同，健全种粮农民收益保障机制。 强化稻谷、小麦、玉米、大豆保险保障，支持发展地方特色农产品保险，提高保险理赔效率。 加强农产品期货市场建设。 深入打击农村黄赌毒、侵害妇女儿童权益和残疾人人身权利、电信网络诈骗、非法金融活动等各种违法 犯罪行为。 健全财政金融协同支农投入机制，充分发挥支农支小再贷款、科技创新和技术改造再贷款等政策激励作 用，推动金融机构加大对农业农村领域资金投放。 加大对涉农企业和农户贷款展期、续贷支持力度。 推动农村信用 ...

综合来看，2月中长期流动性合计到期15000亿元，其中3个月期、6个月期买断式逆回购到期规模分别为 7000亿元、5000亿元，中期借贷便利（MLF）到期规模为3000亿元。而2月4日央行将开展8000亿元买 断式逆回购操作，实现净投放1000亿元。 2月3日，中国人民银行官网公布，为保持银行体系流动性充裕，2月4日，中国人民银行将以固定数量、 利率招标、多重价位中标方式开展8000亿元买断式逆回购操作，期限为3个月（91天）。 "当前，逆回购、中期借贷便利（MLF）、国债买卖等保障日常的流动性供给，常备借贷便利（SLF） 可向有需要的银行提供临时的流动性支持，各类再贷款对应结构性的流动性供给。总体看，我国流动性 工具体系已较为完整，基本覆盖了国际通行的流动性工具范围。"业内人士解释，"这套相互配合、各有 侧重的立体化工具体系，有力保障了流动性的充裕，充分体现了我国货币政策调控的专业性与有效性， 为经济高质量发展营造了适宜的流动性环境。" 对于下一步政策思路，董希淼预计，2月仍然是银行信贷投放较为集中的月份，叠加春节之前取现因素 影响，市场对流动性需求增加。他分析称，央行已经建立起了一套流动性管理工具组合拳， ...

2月3日，中国人民银行公布2026年1月中央银行各项工具流动性投放情况。数据显示，1月，中期借贷便 利（MLF）净投放7000亿元，常备借贷便利（SLF）净回笼79亿元，抵押补充贷款（PSL）净投放1744 亿元，其他结构性货币政策工具净投放641亿元。公开市场操作方面，1月，公开市场国债买卖净投放 1000亿元，7天期逆回购净投放1678亿元，中央国库现金管理净回笼600亿元，其他期限逆回购净投放 1000亿元。 ...

Core Viewpoint - The construction of the sustainable development information disclosure system for listed companies in China is advancing steadily along a pragmatic path, focusing on a "main framework first, key issues breakthrough" approach [1] Group 1: Updates on Guidelines - On January 30, under the guidance of the CSRC, the Shanghai, Shenzhen, and Beijing stock exchanges revised and released the "Guidelines for the Preparation of Sustainable Development Reports by Listed Companies," adding three application guidelines related to pollutant emissions, energy utilization, and water resource utilization [1] - The update of the guidelines marks a new stage of refined and standardized implementation of sustainable development information disclosure for listed companies in China [1] - The updated guidelines are expected to provide a more systematic operational framework for sustainable development information disclosure, which is significant for the standardization of sustainable development in China [1] Group 2: Feedback and Optimization - In September 2025, the exchanges publicly solicited opinions on the three application guidelines, with market participants generally recognizing their guiding role and providing optimization suggestions [2] - The exchanges adopted several suggestions, including adding examples of pollutant-related risks and financial impacts, and refining calculation methods for energy and water consumption [2] - The overall framework and core requirements of the officially released guidelines maintained high stability and continuity compared to the draft, with revisions focusing on content refinement [2] Group 3: Implementation Support - The guidelines provide detailed explanations of common risks and opportunities related to environmental issues, helping listed companies identify risks and standardize data accounting methods [4] - Specific disclosure requirements are outlined for pollutant emissions, energy utilization, and water resource utilization, including detailed metrics and calculation methods [5] - The guidelines serve as a practical teaching material, assisting companies in improving their ESG reporting capabilities and report quality [4][5] Group 4: ESG Disclosure Landscape - China is moving towards a new stage of mandatory ESG disclosure, with a rule system forming that combines encouragement and regulation [6] - As of September 2025, over 2,500 A-share listed companies had published sustainable development reports, with a disclosure rate of nearly 35%, reflecting a significant increase [6] - In 2026, A-share listed companies will be required to disclose sustainable development reports for the first time, with specific deadlines for compliance [6] Group 5: Future Directions - The release of the three application guidelines is expected to enhance the depth and breadth of ESG practices among A-share listed companies, transitioning from compliance to proactive engagement [7] - Companies are urged to view sustainable development efforts as tools for enhancing risk resilience and exploring green growth opportunities, rather than merely external compliance requirements [7]

酒驾肇事，不仅严重危害公共安全，在机动车保险条款中也明确属于免责范围。然而，一些驾驶员在酒 驾肇事后心存侥幸，试图通过找人顶包将事故伪装成普通交通事故，进而骗取保险理赔。 一方面，保险免责条款明确。《中国保险行业协会机动车商业保险示范条款(2020版)》规定，因饮酒、 吸食或注射毒品、服用国家管制的精神药品或者麻醉药品造成被保险机动车的任何损失和费用，保险人 均不负责赔偿。此举旨在防范道德风险、维护公共利益并控制承保风险。 "这一免责条款的本意十分明确。"有律师告诉记者，一是防止道德风险，避免投保人因有保险保障而酒 驾；二是符合公共利益，酒驾本身是违法行为，保险不应为违法行为买单；三是从风险控制考虑，酒驾 事故风险远超正常驾驶，属于可预见的除外责任。 河南省新密市人民法院经审理认为，被告人李某豪酒后驾车违反交通运输管理法规，因而发生重大事 故，致1人死亡，负事故全部责任，且交通肇事后逃逸。被告人李某豪对发生的交通事故编造虚假原 因，骗取保险金，数额特别巨大，其行为已构成交通肇事罪、保险诈骗罪。最终，法院对被告人李某豪 以交通肇事罪、保险诈骗罪，数罪并罚，判处有期徒刑十三年，并处罚金10万元；责令被告人李某豪退 ...

这个春节假期， 超多优惠待解锁！ 2月2日，商务部等9部门发布《2026"乐购新春"春节特别活动方案》（以下简称《方案》）。其中提 出，鼓励各地增加春节期间消费品以旧换新补贴数量，加大线下实体零售支持力度，动员企业春节期间 持续开展汽车、家电、数码和智能产品相关展销活动，引导企业打造智能终端等产品体验专区，对到店 体验消费者给予更多优惠，加大政策解读和线下体验式消费宣传力度，营造浓厚换新氛围。 《方案》还提出，鼓励金融机构与重点商户合作，策划春节专属活动，推出消费红包、消费立减等优 惠，扩大活动覆盖面。结合地方促消费活动，推出支付满减、积分抵现等优惠措施，鼓励使用数字人民 币智能合约消费红包。充分满足小额现金需求，加强手机红包技术保障。金融机构保障适量网点开门营 业，满足群众金融服务需求。 业内专家认为，《方案》出台得非常及时，可以说是一份既接地气又有前瞻性的"消费动员令"。在春节 假期这个传统消费旺季，通过政府引导、市场联动、金融助力、场景融合等多维度发力，不仅有助于激 活节日消费市场，更能从深层次推动消费结构优化和升级，为全年消费市场"开门红"打下坚实基础。 中国邮政储蓄银行研究员娄飞鹏对《金融时报》记者 ...