Core Viewpoint - The article emphasizes the role of securities companies, particularly Shouchao Securities, in providing comprehensive financial services to support the real economy and enhance productivity in Beijing, aligning with the city's strategic development goals [1]. Group 1: Financial Services and Support - Shouchao Securities aims to guide 25.6 billion yuan in financial resources to support the real economy in Beijing by 2025 through various financing channels, including bond financing, asset securitization, and equity financing [1]. - In the bond financing sector, the company has completed 8.9 billion yuan in bond financing for key enterprises, marking a 37% increase from the previous year [2]. - The company has issued 5.3 billion yuan in technology innovation bonds to support R&D and infrastructure in key sectors, contributing to the upgrade of the capital's industrial value chain [2]. Group 2: Asset Securitization and Equity Financing - Shouchao Securities has increased its asset management scale by 37.4 billion yuan, a 92% year-on-year growth, ranking 12th in the industry [2]. - The company has facilitated 16.7 billion yuan in asset-backed securities (ABS) financing for Beijing enterprises, covering various asset types [2]. - In equity financing, the company is actively participating in the capital market for technology enterprises, with projects like "Qilong Ocean" receiving unconditional approval for listing [3]. Group 3: Resource Coordination and Ecosystem Development - Shouchao Securities has organized 8 specialized events to enhance the connection between government, enterprises, and financial institutions, improving the capital market utilization capabilities of enterprises [4]. - The company has been involved in the Chaoyang District's enterprise listing accelerator project, providing customized consulting and dynamic information services to prospective listed companies [4]. - The firm aims to create a financial ecosystem that responds to enterprise needs, government support, and financial services, moving from "point-to-point" connections to "ecosystem empowerment" [4]. Group 4: Future Development Strategy - Shouchao Securities plans to focus on the capital's strategic positioning by developing tailored financial solutions for key areas such as international technology innovation and cultural centers [5]. - The company will integrate into the Beijing-Tianjin-Hebei coordinated development strategy to optimize financial resource allocation in the region [5]. - The firm aims to enhance its comprehensive financial service quality by focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance [5].

Core Viewpoint - The article emphasizes the commitment of Ping An Rongyi to support the real economy through various financial services, aligning with national strategies for inclusive, digital, technological, and green finance [1]. Group 1: Inclusive Finance - Inclusive finance is described as the "source of vitality" for small and micro enterprises, breaking traditional financial service barriers to provide accessible and effective support [2]. - Specific examples illustrate how Ping An Rongyi has provided timely financial assistance to small businesses, such as a 74.7 million yuan financing support in Jiangsu and a 10 million yuan loan in Chongqing, demonstrating the impact of AI technology in credit assessment [2][3]. - By the third quarter of 2025, 13.68 million customers had received financing guarantees, with significant funds allocated to agricultural support and the restaurant industry in various regions [3]. Group 2: Digital Finance - Digital finance is highlighted as a key driver for enhancing the accessibility and convenience of financial services, with Ping An Rongyi leveraging digital transformation to create a smart financial ecosystem [4]. - The "Prism" project focuses on local industry needs, delivering 3.8 billion yuan in financial support through data-driven risk control [4]. - The "Xingyun 2.0" AI loan system allows small business owners to apply for loans with minimal input, while the "Yunfan AI" solution has significantly reduced costs and improved productivity [4]. Group 3: Technological Finance - Technological finance is positioned as essential for facilitating innovation, with Ping An Rongyi utilizing AI, big data, and blockchain to enhance financial service models [6]. - Examples include a 40 million yuan no-collateral loan for a crab farmer and a 1 million yuan loan for a cooperative affected by flooding, showcasing the rapid response capabilities of Ping An Rongyi's smart risk control systems [7]. Group 4: Green Finance - Green finance is framed as crucial for achieving high-quality development, with Ping An Rongyi integrating green development principles into its business strategy [8]. - Specific initiatives include providing 250,000 yuan in loans to support a transition from plastic recycling to green planting, and assisting farmers with funding for deep processing projects that increased their income [8][9]. - The company has also launched a "Che e-loan" program for new energy vehicle owners, facilitating over 4.22 billion yuan in preferential loans by September 2025 [8]. Group 5: Future Directions - Looking ahead to 2026, Ping An Rongyi aims to deepen its commitment to serving the real economy, enhancing its AI strategy, and continuing to innovate in inclusive, technological, and green finance [10]. - The company plans to strengthen its financial services for small and micro enterprises, support technological innovation, and contribute to the realization of carbon neutrality goals [10].

此次在医保部门和相关部委见证下，北京大学人民医院等79家头部医疗机构负责人在北京共同签署《真 实世界医保综合价值评价国家可信评价点网络公约》，成立国家可信评价点网络。网络所覆盖的医疗机 构将主动担当真实世界医保综合价值评价的职责，助力医保部门科学决策。 中证报中证网讯（记者 傅苏颖）日前，真实世界医保综合价值评价国家可信评价点网络组建并现场签 约。 国家医保局副局长施子海表示，开展真实世界医保综合价值评价，就是要打造一套科学、权威的评价标 尺，依托真实、可信的数据，客观、完整、准确地识别医药产品的临床获益与综合价值，支持医保政策 制定和决策。在此过程中，以可信评价点为代表的广大医疗机构，在产生数据、制定规范、开展研究等 方面能够发挥不可替代的作用。希望各可信评价点发挥带头作用，做真实可信评价的率先发起者，真实 世界数据的坚实贡献者，统一评价体系的共同建设者，立足三医协同发展和治理，积极投身医保综合价 值评价这项开创性事业。 ...

王卫军表示，2026年民航春运旅客运输量有望创历史新高。据预测，今年春运全国民航旅客运输量有望 达到9500万人次，日均238万人次，同比增长约5.3%。由于2026年春节较晚，节后学生和社会人员返程 客流更加集中，单日客流高峰有望达到260万人次。 1月19日，民航局运输司副司长王卫军在民航局新闻发布会上介绍2026年民航春运整体安排时表示，从 当前航空公司预先飞行计划情况看，2026年春运全国民航预计保障航班78万班，日均19400班，同比增 长5%。 此外，王卫军还提到，预计2026年春运期间，复杂天气可能会给航班带来较大保障压力。大客流、高密 度运行与局部地区的雨雪冰冻等复杂天气等因素，对航空公司、机场、空管等单位的综合运行保障能力 提出了更高要求。 ...

公开资料显示，恒越嘉润量化基金拟任基金经理吴胤希现任恒越基金总经理助理，兼任资产配置部总监 和固收投资总监，并担任多只基金基金经理。吴胤希是公募行业中少有的外汇交易员出身的基金经理， 其在波动剧烈的外汇市场积淀了各类量化投资实战经验。 业内人士指出，公募主动量化基金以其低投资门槛、无锁定期、超额收益无需提成等优势特点，成为广 大普通投资者尤其是对资金灵活性要求较高的投资者参与量化投资最便捷的工具。但与此同时，部分基 金满仓运作的策略使投资者可能面临较大幅度回撤波动的风险，部分量化因子在行情极端变化或风格切 换时也可能阶段性发挥不出效果。 作为一款公募主动量化产品，恒越嘉润量化选股基金将两套独立的量化模型叠加，以差异化策略解决传 统量化基金痛点。该基金股票仓位范围在60%-95%，其中60%仓位采用中小盘多因子量化策略，0-35% 仓位采用量化择时策略，系统根据行情实际走势随时灵活加减仓，35%仓位在市场回调时及时轻仓或空 仓，在市场向好时则快速捕捉热点轮动机遇，相比其他量化基金既维持了进攻性、高弹性，又降低了回 撤波动，也可在部分量化因子阶段性失效时把握风格切换机会，适应不同的市场环境，其对动量、动量 反转等 ...

Core Viewpoint - The State Council Information Office will hold two press conferences on January 20 to discuss economic-related topics, focusing on the implementation of the Central Economic Work Conference and the role of proactive fiscal policy in promoting high-quality economic and social development [1]. Group 1: Economic Policy Implementation - The morning press conference at 10 AM will feature Wang Changlin, Deputy Director of the National Development and Reform Commission, who will discuss the implementation of the Central Economic Work Conference's spirit and the efforts to ensure a good start for the 14th Five-Year Plan [1]. - The press conference will also include a Q&A session for journalists to inquire about specific measures and strategies related to economic policy [1]. Group 2: Fiscal Policy Role - The afternoon press conference at 3 PM will have Liao Min, Deputy Minister of Finance, presenting on the role of proactive fiscal policy in driving high-quality economic and social development [1]. - Similar to the morning session, this conference will also provide an opportunity for journalists to ask questions regarding fiscal measures and their expected impact on the economy [1].

中证报中证网讯（记者 谭丁豪）当市场波动常态化、资产轮动加速，传统投研模式深陷效能瓶颈。在 宏观环境复杂多变与信息指数级增长的背景下，机构投资者的核心诉求已从获取零散研究观点，升级为 对系统性决策能力的迫切需求。在此背景下，中信建投（601066）证券近日推出"智研多资产配置+"平 台，为机构投研范式升级注入关键新动能。 中信建投证券表示，该平台的核心竞争力源于公司"专业研究+科技赋能"双轮驱动。每一项功能背后， 均依托金融工程及基金研究团队多年沉淀的体系化框架，而专属科技团队与信息技术部的支撑，累计40 余项专利与软著，确保了系统先进性与稳定性，成功将依赖个人经验的复杂研究，转化为标准化、可复 用的系统能力。 当前机构理财市场中，数据与模型多以"信息孤岛"形式存在，投研人员需在多数据库、工具与报告间手 工拼接验证，不仅效率低下，更导致宝贵投资洞察在转化中损耗。 此次平台上线，不仅是卖方研究向数字化、产品化、智能化的深度演进，更提供了行业转型的参考样 本。中信建投证券表示，平台完整回应了机构"投什么、怎么投、如何优化"的核心诉求，通过赋能投研 流程系统化、决策效率提升，助力机构在复杂市场中构筑可持续竞争力。这 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 1月18日，容百科技（维权）（688005）披露上交所问询函回复公告，就与宁德时代的磷酸铁锂正极材 料采购合作协议，从履约能力、产品技术、协议细节等核心问题作出回应。 公告明确，协议未约定固定采购金额，"1200亿元合同总金额"为公司估算值，最终销售规模将根据实际 订单的原材料价格及数量确定，原公告对该金额表述不严谨，且风险提示不够充分、部分用语不规范， 公司后续将强化信息披露严谨性，但不存在借大额合同进行股价炒作的动机。 资金保障上，公司规划未来三年为履约需投入87亿元资本性支出，将通过银行贷款、自有资金等多渠道 筹措。截至2025年9月30日，公司流动资产达133.36亿元，其中货币资金及交易性金融资产45.91亿元， 银行承兑汇票余额25.78亿元；截至2025年三季度末，公司获银行授信总额197.37亿元，未使用额度 84.38亿元，资金储备充裕、融资能力良好，预计不会对公司的资金流动性和财务状况造成重大不利影 响，可为合同履行提供坚实保障。 此外，公司于2025年9月设立"磷酸铁锂事业部"，整合上海某新能源科技公司及容百中央研究院研发资 源，在营销、 ...

Core Viewpoint - Alibaba Health's AI product "Hydrogen Ion" has completed internal testing and is now available for download, targeting doctors in clinical and research fields [1] Group 1: Product Features - "Hydrogen Ion" emphasizes "low hallucination, high evidence-based" capabilities, ensuring all responses have authoritative sources and support one-click traceability to the source [1] - The product aims to create the lowest hallucination rate among AI assistants in the medical field [1] Group 2: Market Positioning - Alibaba has previously established its presence in consumer health services through Tongyi Qianwen and Ant Financial's AI assistant, Ma Yi Fu [1] - The serious medical application, which requires high thresholds and professionalism, is now handled by Alibaba Health, completing Alibaba's AI layout in the healthcare sector with a full "C+D" end strategy [1]

Core Insights - The A-share market has entered a high volatility phase, making diversified asset allocation crucial for managing market changes [1] - The newly launched FOF product, 富国智汇稳健3个月持有期混合FOF, aims to balance opportunity and risk through a multi-asset allocation strategy [1][4] Group 1: FOF Product Overview - The FOF product is designed to leverage the advantages of diversified allocation by combining various asset classes such as bonds, equities, and gold to mitigate risks and reduce volatility [1][2] - It is managed by experienced FOF manager Wang Dengyuan, who has 14 years of experience in the securities industry and 6 years in FOF management [3] Group 2: Investment Strategy - The product adheres to a "fixed income foundation" logic, selecting high-performing and risk-controlled bond funds as a safety net for the portfolio [2] - It employs a "multi-asset + multi-strategy" approach, focusing on sectors influenced by policies against "involution," PPI recovery in the manufacturing midstream, and technological changes driven by overseas AI [2] Group 3: Risk Management - The FOF product utilizes a robust risk management framework, including risk budget management and dynamic position adjustments to control portfolio volatility [2] - The investment research system of 富国基金 supports the product, ensuring comprehensive backing across fixed income, active equity, and quantitative investments [3] Group 4: Performance Metrics - Recent performance data shows that 富国鑫汇养老目标日期2035三年持有A and 富国鑫汇养老目标日期2045五年持有A achieved returns of 13.02% and 24.26% respectively over the past year, outperforming their benchmarks [3]