中国证券报记者2月15日获悉，春节将至，数字人民币运营机构陆续推出了多样的数字人民币促消费红包发放、满减支付等活 动。进入数字人民币APP后，点击"新春用数币，马上有惊喜"栏目便可以查看活动详情。 图片来源：数字人民币APP 专家表示，数字人民币可加载智能合约，实现支付定制化，通过数字人民币运营管理中心建设的智能合约生态服务平台和智 能合约模板功能，持续提高消费补贴发放精准度，提升补贴资金使用效率，充分满足复杂场景和灵活定制的消费补贴政策需 求。 （文章来源：中国证券报） 值得一提的是，2月16日的数币节与今年除夕恰巧在同一天。高峰表示，通过"银行＋平台"生态联动，数币支付正成为撬动数 字消费、绿色消费、普惠消费的新引擎，让每月16日不仅是支付优惠日，更是服务民生、繁荣市场、提振消费的数字化新实 践。 招商银行则开展了"招好运币有礼"数字人民币主题惠民活动，以多重权益回馈广大用户，持续提升数字人民币服务体验。 招商银行数字人民币办公室主任陈曦介绍，活动期间，社会公众新开立招商银行数字人民币个人钱包，可获得专属消费红 包；同时，招行围绕民生刚需场景，上线生活缴费、咖啡茶饮、外卖、信用卡还款等多项场景立减优惠，并 ...

2025年，市场没有辜负有准备的人。临近春节，中国证券报记者采访了几位普通的基金投资者，听他们 讲述这一年的养"基"心得与投资得失。 小李的"黄金战役"始于2024年9月。彼时，在"924"行情前提前卖出部分权益基金后，他痛定思痛，决定 在投资理财上多下功夫。通过大量查阅研报和访谈，他梳理出看好黄金的几条核心逻辑，并判断其具备 中长期投资价值。于是，他从2024年9月开始逐步建仓黄金主题基金，并在后续的阶段性低点不断加 仓。 有人投资黄金基金九个月，功课做足，收获40%收益； 有人观察大佬整整两年，才敢跟投，成功保住收益； 也有人曾在原油基金上"挥泪割肉"，五年后带着股债配置悄然归来，稳扎稳打走过全年。 赚钱、回撤、防守、等待——每一笔操作背后，都是认知与心性的真实写照。 小李：功课做足，黄金仓位带来40%收益 2025年，基民小李交出了一份不错的投资答卷，支付宝显示，其所有基金产品的全年平均收益达到了 26%。回顾这一年，他最引以为傲的操作当属对黄金资产的布局。 他的耐心和坚持在2025年4月迎来了回报，黄金迎来一波显著上涨。在经历回调后，小李选择继续加 仓，直至2025年6月初停止。此后，他便坚定持有，并 ...

Group 1: Financial Support for Rural Enterprises - The People's Bank of China and other regulatory bodies issued an opinion to enhance financial support mechanisms for rural enterprises, aiming to help them utilize multi-level capital markets for financing [1] - The policy includes a "green channel" for companies registered in former poverty-stricken areas to facilitate their listing process [1] - Support will be provided for listed companies to raise funds through various means such as additional issuance, rights issues, and convertible bonds, focusing on local specialty industries and agricultural technology innovation [1] Group 2: Regulatory Actions on Major Platforms - The State Administration for Market Regulation held discussions with major platform companies including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao, emphasizing compliance with the Anti-Unfair Competition Law and promoting fair competition [2] - Companies were reminded to avoid "involution" competition and to foster a healthy market environment for platform economy innovation [2] Group 3: Company Collaborations and Developments - Huawei signed a cooperation agreement with Shandong Haohua Group to focus on digital transformation, AI applications, and smart mining, aiming for high-quality business development [4] - ByteDance launched the Doubao Model 2.0, which includes three general agent models and a code model, marking a significant upgrade in multi-modal understanding and enterprise-level capabilities [5] - Xiamen Rural Commercial Bank was fined 6.05 million yuan for governance and management violations, highlighting regulatory scrutiny in the banking sector [5] Group 4: Industry Insights and Trends - Open Source Securities reported that demand for domestic high-end luxury passenger vehicles is exceeding expectations, with a favorable competitive landscape suggesting potential growth for related listed companies [7] - Zhongyou Securities noted that major internet companies are intensifying competition in the AI sector, leading to increased traffic and pressure on backend infrastructure, indicating a growing demand for computing resources [7]

"很多游客为了有'仪式感'，会在景区拍古装照，大家之后也可以体验。"在故宫午门前，中青旅 （600138）国际旅游有限公司的导游闫雅蓉以一口流利的英语，向波兰游客介绍故宫附近常出现的汉服 等古装。 今年是闫雅蓉从事入境团导游工作的第29年。"每年的3月到11月是入境游旺季，最忙的时候一个月能带 四个团。12月至次年2月往往是入境游的淡季，但今年专程来中国感受'年味'的游客很多。"闫雅蓉告诉 中国证券报记者。 春节前后入境游"淡季走旺" "购在中国"选项多元化 "公司在过年期间也安排了入境游旅行团，游客除了游览北京以外，还会去西安、杭州、平遥等城市， 感受不同城市的春节民俗。"闫雅蓉表示。 闫雅蓉过年前的忙碌，正是春节前后入境游"淡季走旺"的缩影。 中青旅国际旅游有限公司相关负责人表示，2026年春节期间入境游预订量同比增长10%以上，客源国主 要为欧洲国家。2025年，公司入境游业务接待人数较2024年接近翻倍，客源地覆盖51个国家及地区，核 心客源地为波兰、日本、德国。 "我国单方面免签国家、互免签证国家数量增多，出入境便利化程度大大增加。同时，中国文化和自然 风景的独特魅力具备吸引力，新兴国潮元素日益受青 ...

公司完成境外发行上市后15个工作日内，应通过中国证监会备案管理信息系统报告发行上市情况。公司 应当按承诺严格落实国家发展改革委、工业和信息化部、商务部等部门提出的整改要求，并在境外发行 上市过程中严格遵守境内外有关法律、法规和规则。 公司自备案通知书出具之日起12个月内未完成境外发行上市，拟继续推进的，应当更新备案材料。 摩根大通和建银国际联席保荐 "杭州六小龙"之一群核科技赴港上市迎关键进展。 2月14日，中国证监会网站披露《关于Manycore Tech Inc.(群核科技)境外发行上市备案通知书》，公司 拟发行不超过3.12亿股境外上市普通股并在香港联合交易所上市。 据统计，截至2月14日，除群核科技外，"杭州六小龙"中的宇树科技境内IPO已完成辅导备案，云深处A 股IPO也已处于辅导备案阶段。 拟发行不超过3.12亿股 备案通知书显示，公司拟发行不超过3.12亿股境外上市普通股并在香港联合交易所上市。 自备案通知书出具之日起至本次境外发行上市结束前，公司如发生重大事项，应根据境内企业境外发行 上市有关规定，通过中国证监会备案管理信息系统报告。 2025年8月，群核科技更新招股书，继续推动在港交所的上市 ...

Core Viewpoint - *ST Lifan has been found guilty of significant financial misconduct, including inflated revenue and costs over three consecutive years, leading to severe penalties and potential delisting from the stock exchange [1][4]. Group 1: Financial Misconduct - *ST Lifan inflated its revenue and costs through agency business, financing trade, and false trade, resulting in false disclosures in annual reports from 2021 to 2023 [2][4]. - In 2021, the company inflated its revenue by 280 million yuan, accounting for 50.09% of that year's revenue, and inflated costs by 277 million yuan, which was 60.61% of the total costs [2]. - In 2022, the inflated revenue was 312 million yuan, representing 51.67% of the annual revenue, and inflated costs were 305 million yuan, or 53.54% of total costs [2]. - In 2023, the inflated revenue was 45.87 million yuan, making up 24.00% of that year's revenue, and inflated costs were 45.23 million yuan, which was 27.55% of total costs [2]. Group 2: Regulatory Actions - The Anhui Securities Regulatory Bureau has ordered *ST Lifan to correct its practices, issued a warning, and imposed a fine of 10 million yuan [3]. - The company has received a notice from the Shenzhen Stock Exchange regarding the potential termination of its stock listing due to the significant financial misconduct [4]. - The company has been warned about the risk of delisting, as the inflated revenue over two years exceeded 500 million yuan, which is more than 50% of the reported annual revenue for those years [4][5]. Group 3: Audit and Accountability - The accounting firm Zhongxing Caiguanghua has been placed under investigation for its role in the financial misconduct, indicating a broader accountability for the auditing process [6]. - The company plans to change its auditing firm to Younit Zhenqing Certified Public Accountants for the 2025 financial report, moving away from Zhongxing Caiguanghua [7]. - The 2024 internal control report from Zhongxing Caiguanghua received a negative opinion, highlighting ongoing issues with the company's financial practices [8].

春节即将来临，孩子们非常期待收到压岁钱。多家银行敏锐捕捉到这一热点，在春节期间推出压岁钱专 属产品，通过存款利率上浮、赠送权益等方式吸引客户。 业内人士认为，压岁钱专属产品既有利于缓解银行揽储压力，也可通过场景金融，深化客户的品牌认 知，增强客户黏性。看似不起眼的"小"压岁钱，撬动的是儿童金融与家庭财富管理的大市场。 多家银行推出压岁钱相关产品 记者走访银行网点发现，多家银行围绕儿童压岁钱推出了特色产品。 01 北京银行 北京银行推出了儿童专属银行卡——"小京卡"。（18岁以下可办理） 客户通过"小京卡"办理三年期定期存款，利率可达1.75%，较该行同期限一般存款利率有一定的上浮。 而且，"小京卡"相关存款产品的起存金额仅为1000元，较为灵活方便。 02 小俊的妈妈李女士表示，对于银行推出的压岁钱专属产品很满意，这类产品既有助于培养孩子的储蓄习 惯，也能带来一定的利息收益。 发力儿童金融增强客户黏性 对于压岁钱专属产品，业内人士认为，这既是银行应对揽储压力的营销手段，也是挖掘场景金融、增强 客户黏性的重要工具。 工商银行 工商银行内蒙古赤峰市某网点的客户经理表示，该行针对儿童压岁钱储蓄推出了"宝宝卡"。（1 ...

临近春节，不少小微经营者抢抓消费旺季、加紧筹备新春开工。近日，网商银行宣布，为缓解小微经营 者融资慢、融资难、融资贵的难题，在全国工商联指导下，将于2月17日正月初一启动2026年新春助微 行动，依托AI技术识别小微经营者开工真实状况，为其快速提供免息额度支持，助力全国小微经营者 稳开工、促发展。 然而，传统信贷模式下，审批环节多、周期长，且多依赖固定资产抵押，难以适配小微经营者"额度 小、用款急、频次高"的信贷需求，不少小微经营者因资金无法及时到位，只能推迟开工计划、缩减经 营规模，甚至错失新春消费旺季。网商银行此次启动新春助微行动，正是希望以AI科技、免息额度等 为突破口，切实为小微经营者纾困解难。 深耕普惠信贷、助力小微成长，一直是网商银行的目标与特色。据悉，自2020年以来，在金融管理部门 的支持下，全国工商联会同中国银行业协会及网商银行等一起发起"助微计划"，至今已有超120家金融 机构加入。6年来，从"无接触贷款"，支持小微经营者复工复产，到稳就业、振乡村、兴科创等，助微 计划的内涵不断升级。 中国社会科学院大学教授、金融研究中心原主任李永森表示，小微经营者的顺利开工与稳定营业，关联 着无数个家庭 ...

2023年11月9日、2023年11月13日、2023年11月20日，公司分别披露了《关于公司实际控制人、董事、 高级管理人员被采取强制措施的公告》《关于公司实际控制人、董事、高级管理人员被采取强制措施的 进展公告》《关于公司实际控制人、董事长兼总经理正常履职的公告》，公司实际控制人陈坚因涉嫌操 纵证券市场被公安机关采取指定居所监视居住措施，后被取保候审。 2025年前三季度净利润同比下滑 正元智慧2025年半年报显示，公司长期深耕教育信息化，是智慧校园整体解决方案提供商及综合服务运 营商。智慧校园充分运用新兴ICT技术，构建物联中台、数据中台、AI中台、支付中台、认证中台、协 同中台，推出"数字基座+场景应用"的产品体系，打造多技术融合、多主体协同、多场景应用的智慧校 园综合服务解决方案。 公司2025年三季报显示，2025年前三季度，正元智慧实现营业收入约7.68亿元，同比增长2.35%；实现 归属于上市公司股东的净利润约682.66万元，同比下降31.99%。 2月13日晚，正元智慧（300645）披露关于实际控制人诉讼事项的进展公告。公司实际控制人陈坚犯操 纵证券市场罪，被判处有期徒刑三年，缓刑三年六 ...

Core Insights - ByteDance has launched Doubao Model 2.0, enhancing its AI capabilities across video and image generation, marking a significant upgrade in its AI offerings [1] Group 1: Model Features and Upgrades - Doubao Model 2.0 includes three versions: Pro, Lite, and Mini, designed to cater to various business scenarios, with Pro targeting deep reasoning and long-chain task execution [1] - The model has achieved significant advancements in multi-modal understanding, enterprise-level agent capabilities, and reasoning code abilities, marking a qualitative leap since its initial release in May 2024 [2] - Doubao 2.0 Pro has excelled in benchmark tests, achieving top scores in visual reasoning, perception, and long-context understanding [2] Group 2: Performance Metrics - Doubao 2.0 has shown enhanced long-range task execution capabilities, outperforming competitors like GPT-5.2 and Gemini 3 Pro in various assessments, including SuperGPQA and HealthBench [2] - The model scored 54.2 in HLE-text evaluations, leading globally, and surpassed Gemini 3 Pro in the International Mathematical Olympiad assessments [2][3] - Doubao 2.0 has improved instruction-following capabilities, maintaining strong consistency and controllability in multi-step tasks [3] Group 3: Cost Efficiency and Market Impact - The model has reduced reasoning costs significantly, with token pricing lowered by approximately an order of magnitude, making it more competitive in handling complex real-world tasks [3] - ByteDance is expanding the influence of Doubao through marketing activities, including a Spring Festival "red envelope" campaign to engage users with AI functionalities [3] - By the end of 2025, Doubao Model is projected to reach a daily token usage of 63 trillion, with over a million enterprises utilizing its services through the Volcano Engine [3]