会议深入贯彻党中央、国务院决策部署，系统总结2025年工作，统筹安排2026年重点任务。会议提出， 2025年，金融监管总局系统上下紧紧围绕防风险、强监管、促高质量发展工作主线，迎难而上、真抓实 干，牢牢守住不发生系统性金融风险的底线，各项工作取得积极进展。 原标题： 金融监管总局召开2026年监管工作会议提出 优化科技金融服务 积极培育耐心资本 金融监管总局1月15日消息，金融监管总局当日召开的2026年监管工作会议提出，不断提升金融服务经 济社会质效。强化促消费、扩投资的金融供给，高效服务扩大内需战略。优化科技金融服务，积极培育 耐心资本，助力新质生产力发展。 二是严密防范化解相关领域风险。推动城市房地产融资协调机制常态化运行，助力构建房地产发展新模 式。依法合规支持融资平台债务风险化解。严防严打严处非法金融活动。 三是切实提高行业高质量发展能力。做好统筹规划，稳妥推进中小金融机构减量提质，合理优化机构布 局。深入整治无序竞争，持续规范行业秩序。督促银行保险机构专注主业、错位发展。推进金融高水平 对外开放。 四是全面加强和完善金融监管。聚焦实质风险、解决实际问题，不断强化"五大监管"，提高依法监管能 力， ...

Core Viewpoint - Lushan New Materials (鹿山新材) has launched a new generation of non-electric dual-modal electronic skin, which integrates pressure and temperature sensing technologies, aimed at enhancing the capabilities of humanoid robots and artificial intelligence applications [1][2] Group 1: Product Launch - The newly launched electronic skin utilizes "pressure-temperature" dual-modal integrated sensing technology, capturing both pressure and temperature changes to provide richer environmental information [1] - Compared to traditional capacitive and resistive pressure sensors, the non-electric electronic skin offers high sensitivity and a high signal-to-noise ratio, making it sensitive to minor forces such as light touches and pulse beats [1] - The materials used in the electronic skin are soft and stretchable, allowing it to conform closely to complex surfaces like robot joints and fingertips without affecting movement freedom [1] Group 2: Company Background and Strategy - Lushan New Materials was established in 1998 and has been focused on functional materials for nearly 30 years [1] - The launch of the electronic skin is a strategic move by the company to respond to the demands of the humanoid robot and artificial intelligence industries, positioning itself to support the upgrade of emerging industries with core material solutions [1] - The company aims to continue its commitment to material innovation and deepen collaboration with industry partners to lead the development of embodied intelligence technologies in China [2]

Core Viewpoint - Jiangsu Guoxin disclosed the unaudited financial information of its subsidiary Jiangsu Trust for 2025, indicating stable revenue but declining profits compared to the previous year [1] Financial Performance - Jiangsu Trust achieved an operating income of 3.13 billion yuan in 2025, remaining largely unchanged from the previous year [1] - Investment income reached 2.348 billion yuan, representing a year-on-year increase of 9.66% and accounting for 75% of total revenue [1] - Fee and commission income was 916 million yuan, showing a year-on-year decline of 6.52% [1] - Fair value changes showed significant volatility, decreasing from 65 million yuan in 2024 to -102 million yuan, which negatively impacted revenue growth [1] - Total profit for 2025 was 2.81 billion yuan, a decrease of 267 million yuan or 8.68% year-on-year [1] - Net profit stood at 2.567 billion yuan, reflecting a year-on-year decline of 8.95% [1] Company Background - Jiangsu Trust has a registered capital of 8.76 billion yuan and serves as the vice president unit of the China Trust Industry Association [1] - The actual controller of Jiangsu Trust is Jiangsu Guoxin Group Co., Ltd. [1]

Core Viewpoint - The article discusses a simplified investment strategy likened to a classic football formation, termed the "4231" investment portfolio method, which aims to balance risk and return in asset allocation [1] Investment Strategy - The "4231" investment portfolio method suggests allocating 40% of investment funds to bond funds, 20% to mixed funds with a bias towards bonds, 30% to mixed funds with a bias towards stocks, and 10% to stock funds [1] - In this strategy, stock funds act as forwards, mixed funds serve as midfielders, bond funds function as defenders, and money market funds are compared to goalkeepers, providing liquidity and low risk [1]

Core Viewpoint - Envision Group has signed a strategic cooperation agreement with Masdar to promote the large-scale application of AI energy systems during the Abu Dhabi Sustainability Week [1] Group 1: Strategic Partnership - The partnership aims to advance the integration of AI in energy systems, enhancing efficiency and reliability [1] - Envision Group showcased its energy model "Envision Tian Shu," which analyzes vast amounts of real energy data [1] Group 2: Technological Innovation - "Envision Tian Shu" coordinates renewable energy generation, storage, grid dispatch, and energy demand in real-time [1] - The model works in conjunction with Envision's self-developed weather model "Envision Tian Ji," which predicts and mitigates fluctuations caused by weather conditions [1]

Group 1 - The long-term fundamental outlook for the AI industry is very clear, transitioning from "computing infrastructure" to "application implementation" [1] - 2026 is anticipated to be the commercialized year for AI applications, with gradual implementation in marketing, industrial, financial, and medical sectors [1] - Although there is currently high enthusiasm in the sector, the industry is still in the early stages of commercialization, with potential for innovative technologies and new business models to emerge [1] Group 2 - A standout application could quickly absorb valuations, highlighting the appeal of investing in the technology sector [1] - It is recommended to select segments and companies with high barriers to entry and real application scenarios, while diversifying investments [1]

Core Viewpoint - The market is expected to exhibit distinct structural characteristics in 2025, transitioning from valuation-driven to profit-driven dynamics in 2026, supported by a moderate recovery in PPI and CPI [1] Group 1: Market Dynamics - In 2025, the market will show clear structural characteristics, with a shift in driving forces from valuation repair to profit-driven growth in 2026 [1] - The balance between growth and value will be supported as economic recovery and rising asset prices boost consumer confidence [1] Group 2: Consumer Sector Focus - The value direction will primarily focus on the large consumption sector, which is receiving significant policy support to stimulate domestic demand and boost consumption [1] - High-end discretionary consumption and service consumption, such as duty-free shopping, dining, tourism, and liquor, are expected to be favored within the consumption structure [1] Group 3: Raw Material Prices - An increase in PPI, coupled with a backdrop of anti-involution, is anticipated to lead to a price recovery in upstream raw materials [1]

中证报中证网讯(记者张凌之)1月15日，华银基金基金经理庞文杰在中国证券报"中证点金汇"直播间表 示，当前脑机接口的应用场景可以分为"医疗刚需"和"非医疗拓展"两大类，其中医疗领域是目前最成 熟、需求最迫切的方向，也是商业化的先行阵地。未来3-5年或将是医疗级脑机接口的商业化关键期， 而消费级应用可能以非侵入式的应用先行，预计今年就能够看到相关产品的商业化落地。未来随着技术 成熟，半侵入式和介入式的脑机接口也有望在一些高端消费场景得到应用。 ...

中证报中证网讯(王珞)1月15日晚间，贝斯美（300796）发布2025年度业绩预告。公告称，公司预计 2025年度净利润为2368万元至3406万元，同比增长172.05%至203.64%。 针对业绩变动原因，公司方面表示，报告期内，面对复杂多变的市场环境与多重风险挑战，公司始终坚 守"产业聚焦、技术创新、安环保障、规范运营"核心宗旨，以战略定力主动破局，稳健前行。一方面， 公司深化"强链、延链"战略部署，推动产品结构持续优化升级；同时，公司前期在新产品研发与国际化 贸易渠道建设上的精准布局逐步落地，成效持续释放，驱动净利润转正并实现大幅增长，其中贸易类产 品利润表现尤为凸显。 另一方面，公司方面表示，将精细化管理贯穿经营全流程，数字化、智能化升级迭代持续提速，为运营 效率提升与长期可持续发展筑牢根基，未来也将继续以管理赋能，以创新驱动，巩固增长优势，拓宽发 展空间。 ...

Group 1 - The report highlights that Beijing and Shanghai are the top cities attracting investor interest, indicating a strong investment preference for these core cities [1] - Non-first-tier cities like Hangzhou, Chengdu, Suzhou, and Nanjing are emerging as new investment focal points due to their economic growth, industrial upgrades, and relatively high investment returns [1] - Long-term rental apartments and serviced apartments are becoming investment hotspots, with 61% and 64% of investors in Beijing and Shanghai considering these assets, significantly higher than in Guangzhou and Shenzhen [1] Group 2 - Retail property interest has notably rebounded, with shopping centers, outlets, and community commerce becoming core segments; shopping centers are favored for their high operational standardization and liquidity [2] - Industrial asset interest shows significant differentiation, with a decline in warehouse logistics attention, while data centers and industrial plants are rapidly gaining popularity due to increased demand from cloud computing and REITs development [2] - As of December 2025, 78 public REITs have been listed in China, with a total scale of 210 billion yuan, indicating a robust growth in the public REITs market [3]