针对这一调整，招银理财在公告中给出了详细测算说明：以产品投资固定收益类资产不低于80%为例， 根据当前市场环境下大类资产合意配置比例及大类资产收益情况，考虑杠杆和费率等因素，并结合产品 投资策略，确定本理财产品业绩比较基准。 《银行保险机构资产管理产品信息披露管理办法》将从9月1日起施行，理财行业由此迎来一轮调整业绩 比较基准的浪潮。近期，多家理财公司将旗下多款产品的业绩比较基准类型由原先的区间型转换为挂钩 指数型，旨在推动业绩比较基准更及时地反映市场变化，减少未来因市场波动引发的被动调整。然而， 如何在有限的时间内完成大量产品的业绩比较基准重构？如何让普通投资者理解并接受从"直观区 间"到"动态指数"的转变？在这场转型中，理财公司面临着系统、人力资源、信息披露与投资者教育的 多重考验。 ● 本报记者 李静 理财产品密集"换锚" 招银理财、兴银理财、恒丰理财等多家理财公司近日密集调整旗下多只理财产品的业绩比较基准，将原 本的区间型基准替换为挂钩指数型基准，涉及产品包括日开型、滚动持有型、最短持有期型、定开型等 类型固收类理财产品。 例如，招银理财于2月5日发布公告称，将"招睿日开30天滚动持有1号"的业绩比较 ...

这是2月9日拍摄的成渝中线高铁重庆大足段第419榀箱梁架设现场（无人机照片）。2月9日，随着最后 一榀箱梁平稳落位，由中铁十四局承建的成渝中线高铁重庆大足段箱梁架设任务收官，为后续无砟轨道 铺设、铺轨施工创造条件。成渝中线高铁是我国"八纵八横"高铁网沿江通道的重要组成部分，正线全长 292公里，设计时速350公里。 新华社图文 ...

● 本报记者 董添 2月9日，围绕加强重点液态食品道路散装运输管理，市场监管总局联合相关部门发布了多个制度文件。 据悉，此次发布的《实行道路散装运输许可制度的重点液态食品目录》《重点液态食品道路散装运输准 运管理办法》《重点液态食品道路散装运输联单管理工作规范》等制度文件，旨在贯彻落实党中央、国 务院决策部署和新修改的食品安全法的规定要求，着力补齐液态食品散装运输管理制度的短板，不断提 升食品安全全链条监管水平。 "一个目录定品种"。经报请国务院批准，制定发布《实行道路散装运输许可制度的重点液态食品目 录》，目录明确将5大类14小类液态食品纳入准运许可管理范围，着力解决准运"能运什么"的问题；同 目前，在保障液态食品散装运输食品安全方面，已基本构建了"目录管理-准入严控-过程严管-全程追溯- 标准支撑"的制度体系，为系统性提升液态食品散装运输食品安全的治理能力和食品安全风险防控效 能，保障人民群众"舌尖上的安全"提供了坚实的保障。 时明确规定运输容器为专用货物运输罐式容器，着力解决准运"用什么运"的问题。 "一个办法管许可"。市场监管总局制定出台《重点液态食品道路散装运输准运管理办法》，严格许可条 件、规范许 ...

Core Insights - The article highlights the rapid transformation of a dilapidated residential building in Beijing's Xicheng District, showcasing the efficiency of urban renewal projects in China, particularly through the use of innovative construction technologies and streamlined approval processes [1][2][3] Group 1: Project Overview - The 28th building in Sanlihe District, built in 1978, underwent a significant renovation, transforming from a deteriorating structure with numerous issues to a modern residential building equipped with elevators and smart home features [1][2] - The project was initiated on September 5, 2025, and completed in just six months, demonstrating a remarkable turnaround time for urban renewal projects [2][3] Group 2: Approval and Construction Efficiency - The project achieved a 90% reduction in approval time for essential permits, with project registration and site selection completed within 24 hours, and multi-regulatory consultations finalized within 48 hours [2][4] - The construction utilized a modular approach, with 90% of the building's components manufactured in a factory setting, leading to a 75% reduction in construction time compared to traditional methods [4][5] Group 3: Technological Innovations - The project employed the "smart construction-MiC technology," which integrates digital design and modular construction, allowing for high precision and quality control [4][5] - This technology not only reduced construction waste by 75% but also lowered material loss by 25% and carbon emissions by 30%, while significantly improving sound insulation and meeting seismic safety standards [4][5] Group 4: Broader Implications - The successful implementation of this project serves as a model for similar urban renewal initiatives across major cities in China, promoting the concept of "Beijing model" for urban redevelopment [6]

A05·公司纵横 ...

A02·财经要闻 ...

Core Viewpoint - The recent local two sessions emphasize the role of local capital markets in nurturing and serving new productive forces, shifting focus from merely expanding the number of listings to supporting high-quality tech innovation companies [1][2]. Group 1: Direct Financing and Market Support - There is a new emphasis on increasing the proportion of direct financing, with a strong focus on supporting high-quality tech innovation companies to go public [1][2]. - Various provinces have initiated specific actions to enhance the listing of quality companies, such as Jiangxi's enterprise listing upgrade project and Zhejiang's "Phoenix Action" plan [1][2]. - The consensus among local governments has shifted towards prioritizing quality over quantity in listings, as seen in reports from Hebei and Liaoning provinces [1]. Group 2: Diverse Listing Channels - The roadmap for listings has become more diversified, with overseas listings emerging as a significant channel [2]. - Local governments are promoting the entry of tech innovation companies into both domestic and international multi-tiered capital markets [2]. - Policies are increasingly focused on supporting technology and quality, with a trend towards refined and directed overall policies to facilitate the listing of high-quality tech companies [2]. Group 3: Innovative Financing Tools - Local governments are emphasizing the use of diverse financing tools to expand investment and financing space, aiming to boost social financing scale and support the real economy [3][4]. - The bond market is highlighted as a crucial support for broadening corporate financing channels, with initiatives like the implementation of science and technology bonds and asset-backed securities (ABS) [3]. - Public REITs are being utilized more widely to activate existing assets and leverage new investments, with various provinces proposing to enhance their application [3][4]. Group 4: Capital Support System - There is a focus on developing a relay-style capital support system to address the funding needs of early-stage and hard-tech companies [4][5]. - Local governments are encouraged to foster angel investment, venture capital, and private equity investments to build a robust capital support framework [4][5]. - Initiatives like the "Create Patient Capital" action in Zhejiang aim to enhance the market-oriented operation of social security tech innovation funds and optimize financial services throughout the technology lifecycle [5]. Group 5: Institutional Environment for Innovation - Enhancing the institutional environment to encourage innovation and tolerate failure is crucial for attracting patient capital [5]. - Local governments are urged to improve institutional inclusivity to shift traditional capital preferences towards long-term investments in frontier hard technologies [5].

临近春节，农业银行北京海淀白石桥支行大堂的客流量比以往更大了些。这家支行的行长郭雅丹告诉中 国证券报记者，近期，前来取新钞、换新钞的个人客户和对公客户比较多。这类现金业务是网点节前最 忙碌的业务之一。为满足市民过年的需求，农行提前优化了现金调拨流程，确保各种面额的新钞有充足 的供应。 "最近，不少老客户反馈说，来银行网点办理业务的体验更好了。比如，不用在集中的座位区人挨着人 等待被叫号，而可以像在咖啡馆那样闲坐，喝点咖啡、从阅览区拿本书读一读。"郭雅丹边介绍边带记 者观看了大堂内圆桌式等候区和半封闭式业务窗口的全新设计。这些设计更加注重客户个人信息保护， 加入更多人文关怀元素。 ● 本报记者 薛瑾 在北京海淀中关村南大街的一家银行网点，年过七旬的白大爷走出柜台隔间，接过工作人员递上的一沓 带有手工拓印生肖纹样的红包，笑逐颜开："春节快到了，来银行取点儿新钱，留着给孩子们发压岁 钱。银行还送了我几个红封，真喜庆！" "习惯来网点办理业务的客群，很多人的需求已超越了'快'，更在乎'稳'和'暖'。"郭雅丹说，支行在2025 年末完成了"焕新"，成为农行新式网点的代表之一，已从单纯的金融业务柜台，变成了综合性的、具有 ...

● 本报记者董添 "一个目录定品种"。经报请国务院批准，制定发布《实行道路散装运输许可制度的重点液态食品目 录》，目录明确将5大类14小类液态食品纳入准运许可管理范围，着力解决准运"能运什么"的问题；同 时明确规定运输容器为专用货物运输罐式容器，着力解决准运"用什么运"的问题。 "一个办法管许可"。市场监管总局制定出台《重点液态食品道路散装运输准运管理办法》，严格许可条 件、规范许可程序、明确各方责任。在许可条件方面，细化运输容器、从业人员、管理制度等多个方面 准入门槛；在许可程序方面，明确许可申请、材料审查、现场核查、许可决定等全流程的规范要求；在 主体责任方面，构建发货方、承运方、收货方全链条的责任体系。 2月9日，围绕加强重点液态食品道路散装运输管理，市场监管总局联合相关部门发布了多个制度文件。 据悉，此次发布的《实行道路散装运输许可制度的重点液态食品目录》《重点液态食品道路散装运输准 运管理办法》《重点液态食品道路散装运输联单管理工作规范》等制度文件，旨在贯彻落实党中央、国 务院决策部署和新修改的食品安全法的规定要求，着力补齐液态食品散装运输管理制度的短板，不断提 升食品安全全链条监管水平。 市场监管 ...

Core Viewpoint - Changan Automobile and CATL have launched the world's first mass-produced sodium battery passenger vehicle, marking the beginning of large-scale application of sodium batteries in the passenger car sector [1][2]. Group 1: Sodium Battery Development - Sodium batteries have transitioned from laboratory research to large-scale application, showing advantages such as abundant resource availability, wide temperature range, long cycle life, and high safety [1]. - The sodium battery industry has seen accelerated development, with significant cost reductions and improved product maturity over the past five years [2]. - CATL's sodium battery, with a maximum energy density of 175Wh/kg, has demonstrated over 90% capacity retention in extreme cold conditions, with future electric ranges potentially reaching 500km to 600km [2]. Group 2: Market Dynamics and Competitive Landscape - The sodium battery market is expected to reach a scale of 100GWh by 2028, transitioning from a commercialization phase to a large-scale era [5]. - Sodium batteries are anticipated to achieve competitive cost advantages by 2026, especially if lithium prices remain stable [4]. - The unique application value of sodium batteries in cold regions is highlighted, with expectations for various technologies to coexist and complement each other in the energy transformation [5]. Group 3: Industry Collaboration and Capacity Expansion - Companies across the sodium battery supply chain are actively enhancing their positions through technology development, capacity building, and strategic partnerships [6]. - ZHONGDA Energy has established a production base for sodium iron phosphate materials, while other companies are also making strides in sodium battery applications in electric two-wheelers and energy storage systems [6]. - PULIT has achieved mass production of sodium batteries and is expanding its capacity, with new production lines expected to come online in the third quarter of this year [7].