凤凰网财经讯 1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战，旨在凝聚上市公司企业家力量，探讨企业协 同发展、资本赋能与产业升级路径，助力构建产融结合新生态。 中国商业文化研究会上市公司分会会长李想在致辞中表示，本次活动以"合规"为顶层议题，旨在引导上 市公司成为持久发光的"价值之光"，而非短暂炽热的"风口之火"。 李想会长指出，在中华文化语境中，"34"具有特殊涵义——《易经》中的"离卦"象征光明与依附，而34 个月也恰是资本市场一轮完整的牛熊周期。这一数字提醒企业：无论外部环境如何变化，都应坚守价值 根基。 在致辞中，李想特别对分享的各位嘉宾表达了感谢与期待。他提到，最高人民法院原副院长江必新从法 治实践出发，深入阐释"合规是市值基石"的内在逻辑；市场监管总局张玉中局长对企业出海政策进行权 威解读。此外，李国庆、郭凡生、兰世立、任起龙等嘉宾，也分别就品牌韧性、产业互联网、双轮驱动 模式及硬科技突破等重要议题展开深度分享。 ...

Core Insights - The European automotive market is projected to reach 1.33 million units in 2025, with a year-on-year growth of 2.3%, driven significantly by the strong performance of Chinese automakers [1] - Chinese car manufacturers achieved a remarkable sales increase in Europe, with a total of 810,000 units sold in 2025, marking a 99% year-on-year growth and capturing a market share of 6.1% [1] - The sales of pure electric vehicles (EVs) in Europe are expected to grow by 30% in 2025, while plug-in hybrid vehicles (PHEVs) are projected to increase by 34% [1] Group 1: Market Performance - Dataforce reports that the monthly sales of Chinese automakers in Europe surpassed 100,000 units for the first time, reaching 109,900 units in December 2025, a 127% increase year-on-year [1] - The market share of Chinese car companies in Europe rose from 4.5% in 2024 to 9.5% in December 2025 [1] - The strong growth of Chinese automotive sales is contributing to the overall upward trend in the European automotive market [1] Group 2: Brand Performance - SAIC MG emerged as the top-selling Chinese automotive brand in Europe, selling 307,282 units in 2025, a 26% increase, and ranking 16th overall [3] - BYD's sales reached 186,612 units, a staggering 276% increase, moving up from 31st to 22nd place in the rankings [5] - Chery's Jaecoo and Omoda brands ranked third and fourth, with sales of 56,944 and 52,950 units respectively, contributing to a total of 120,207 units for all Chery brands in Europe [6] Group 3: Strategic Insights - Chinese automakers are adapting to the European market by leveraging local design and engineering expertise, as seen with SAIC MG's British heritage [3] - BYD's focus on hybrid models addresses consumer concerns about EV range anxiety, particularly in regions with less developed charging infrastructure [5] - The anticipated introduction of a price commitment mechanism in negotiations between China and the EU may stabilize sales and enhance competitiveness for Chinese EVs in the European market [11]

Market Overview - The three major indices opened higher, with the Shanghai Composite Index up 0.18%, the Shenzhen Component Index up 0.15%, and the ChiNext Index up 0.16%. Sectors such as precious metals, pharmaceutical commerce, and photovoltaic industries saw significant gains [1] - The Shanghai Composite Index closed at 4,130.11 points with a trading volume of 106.05 billion, while the Shenzhen Component Index closed at 14,349.01 points with a trading volume of 169.65 billion [2] External Market - U.S. stock markets continued their upward trend, with the Dow Jones up 0.63% to 49,384.01 points, the S&P 500 up 0.55% to 6,913.35 points, and the Nasdaq up 0.91% to 23,436.02 points. Most Chinese concept stocks also rose, with the Nasdaq Golden Dragon China Index increasing by 1.58% [3] Industry Insights - CITIC Securities reported that rising prices of silicon materials and silver are pressuring profits in the photovoltaic sector. The firm anticipates a long-term tight balance in silver supply and demand, suggesting that copper could become a viable alternative material for photovoltaic applications [4] - CICC highlighted that the internationalization of the Renminbi (RMB) has significant room for improvement, driven by China's economic growth and effective policies. The report identifies trade settlement and financial market development as key areas needing enhancement to boost the RMB's status as a reserve currency [5] - Huaxi Securities projected that gold prices could rise between 10% and 35% in 2026, influenced by factors such as Federal Reserve interest rate cuts and geopolitical uncertainties. Historical trends suggest that after a strong increase in 2025, the growth rate may moderate in 2026 [6][7] - Huatai Securities noted that the recent debt restructuring plan by Vanke, a leading real estate company, indicates a short-term alleviation of market credit pressure. This development, along with improving real estate policies, may provide opportunities for valuation recovery in real estate stocks [8]

2024年3月，《济南都市圈发展规划(2024—2030年)》正式印发，山东也成为继广东之后，第二个拥有 两大国家级都市圈的省份，自此济南都市圈建设提速，产业协同发展持续破"圈"。2025年9月18日，山 东省城市工作会议上"点名"济南、青岛做好结构优化，"增强济青辐射带动能力，要统筹城市群和都市 圈联动发展"。2026年1月4日，《济南都市圈国土空间规划(2025—2035年)》(鲁政字〔2025〕204号)(以 下简称"空间规划")获批，为济南都市圈未来十年的空间发展提供法定依据。 从省会经济圈到济南都市圈，再到济青都市圈协同，济南以及周边淄博、泰安、聊城、德州、滨州6市 25区县的发展，有了全新视角——济南都市圈破圈起势，联动升级，打造北方地区重要的经济增长极。 01打通"筋骨脉络"圈内"1小时通勤" 前段时间，"济南到底有几环"的话题一直成为网友争论的焦点，与坊间熟知的老城区"一环"，四条高架 组成的"二环"，济南绕城高速打造的"三环"一道，"四环"闯入大众视野。 按照规划，济南都市圈交通基础设施建设飞速落地，济南以打造"1小时通勤圈"为目标，加快完善"二环 一联十六射"高速路网。济南都市圈环线G99 ...

Group 1: Market Performance - US stock market opened higher with Dow Jones up 0.25%, Nasdaq up 0.93%, and S&P 500 up 0.65% [1] - Semiconductor and storage sectors continued to perform strongly, with Micron up 2.15%, SanDisk up 1%, Western Digital up 2.6%, and TSMC up 2% [1] - Internet technology stocks also saw gains, with Google up nearly 2%, Meta up 2.5%, and Alibaba up 4.2% [1] Group 2: Company Developments - Alibaba's chip subsidiary, Pingtouge, is reportedly planning to go public to meet investor interest in AI accelerators, with a restructuring to allow employee ownership [2] - BitGo Holdings is set to become the first cryptocurrency company to list on the NYSE in 2026, pricing its shares at $18, above the initial range of $15 to $17 [3] - Kioxia warned that NAND supply tightness is expected to last at least until 2027, impacting storage market prices due to AI-related investments [4] - Ubisoft experienced a historic drop of over 30% in Europe after announcing restructuring, closing multiple studios, and projecting a €1 billion EBIT loss for the 2025-2026 fiscal year [6] - General Fusion, a Canadian fusion company, announced a reverse merger with SPAC Spring Valley Acquisition Corp. III, valuing the combined entity at approximately $1 billion [7]

在国产大算力芯片迈入大规模产业化落地的关键周期，头部玩家的座次正在重排不断实现自我突破。 近日，胡润研究院在北京亦庄发布《2025胡润中国人工智能企业50强》。在这份衡量中国AI产业成色 的重磅榜单中，沐曦集成电路（下称"沐曦"）以2500亿元人民币的企业价值位列第三，并被官方定义 为"中国首批实现全流程国产化的高端GPU（图形处理器）企业"。 软件生态"即插即用"：MACA开源一年调用超1300万次 硬件是底座，软件则是护城河。为了打破算力领域的软件垄断，沐曦自研了原生兼容主流生态的软件栈 MXMACA。 施淑珏透露，MXMACA已于2025年2月正式开源，在不到一年的时间里，该平台已积累了超过15万用 户，API调用次数突破1300万次。通过与高校合作，沐曦的软件生态已覆盖超过10万名大学生开发者。 "原生兼容意味着AI应用可以几乎零成本地迁移到沐曦平台上，实现'即插即用'。"施淑珏分享道。 "1+6+X"策略：助力AI赋能千行百业金融领域已现"三期复购" 在应用落地层面，沐曦提出了"1+6+X"的行业布局方案。其中，"6"涵盖了金融、医疗、能源、教科 研、交通及大文娱六大垂直行业；"X"则指向具身智能、 ...

Core Insights - The article highlights the significant advancements of domestic high-performance GPU companies in China, particularly focusing on Muxi Integrated Circuit, which ranks third in the "2025 Hurun China AI Enterprises Top 50" with a valuation of 250 billion RMB [1] Group 1: Commercialization and Technical Breakthroughs - Muxi emphasizes the transition from "usable" to "user-friendly" GPUs as a critical challenge for commercialization, requiring multi-dimensional capabilities beyond just single-chip performance [3] - Muxi is one of the few domestic GPU suppliers achieving large-scale commercial applications with thousands of GPU clusters, currently developing ten-thousand-card clusters [3] - The company's founding team possesses extensive experience in high-end GPU development and mass production, enabling deep optimization across chip, framework, and model layers for distributed inference [3] Group 2: Software Ecosystem Development - Muxi has developed the MXMACA software stack, which is natively compatible with mainstream ecosystems, aiming to eliminate software monopolies in the computing power sector [4] - Since its open-source launch in February 2025, MXMACA has gained over 150,000 users and achieved more than 13 million API calls within a year [4] Group 3: Industry Strategy and Future Outlook - Muxi's "1+6+X" strategy targets six vertical industries: finance, healthcare, energy, education and research, transportation, and entertainment, while also exploring future sectors like embodied intelligence and low-altitude economy [5] - The next-generation product C600, fully based on domestic processes, has completed its tape-out and is set for mass production, achieving a closed-loop domestic supply chain [5] - By 2026, computing power is expected to become a fundamental infrastructure akin to water, electricity, and coal, with demand doubling every 3.5 months and increasing by 5 to 10 times annually [7]

国内首家银行系保险公司迎来新一任女掌门。 近日，交银人寿官宣换帅，深耕交行体系超34年的"70 后"女将李亚出任董事长，接替到龄退休的王庆艳。 摆在李亚面前的，是一张亮眼却也暗藏挑战的成绩单。截至2025年三季度末，交银人寿净资产突破百亿大关，前三季度净利润大幅增长38.77%，达15.65亿 元。但在行业转型深化的背景下，交银人寿同样面临着渠道模式单一等挑战。 一、新掌门人深耕交行体系超34年 李亚的职业生涯全程扎根于交通银行体系内，是一位不折不扣的交行老将。 公开履历显示，李亚出生于1970年，1991年从江西财经大学金融学专业毕业后便加入交通银行，从基层会计、信贷员起步，随后历任交行南宁分行副行长、 广西区（南宁）分行党委书记、行长等一线管理岗位。 2012年调任总行后，李亚先后担任零售信贷管理部、普惠金融事业部、乡村振兴金融部、股权与子公司管理部总经理。2025年7月，李亚出任交银人寿党委 书记。 作为国内首家银行控股寿险公司，交银人寿系交通银行控股的中外合资寿险公司。目前交通银行持股62.5%、日本MS&AD保险集团持股37.5%。 凤凰网财经注意到，此次管理层更迭延续了"交行系"内部晋升的传统。公 ...

| | | | 中国人民银行北京市分行矿政处罚决定信息公示表(银京罚决字【2026】3-4号) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 当事人名称 | 行政处罚 决定书文号 | 违法行为类型 | 行政处罚内容 | 作出行政处罚 决定机关名称 | 作出行政处罚 决定日期 | 公示 | | | | | 1. 未能确保交易信息真实、完整、可追溯: | | | | | | | | | 2. 未严格落实风险监测要求; 3. 未严格落实风险评级相关要求; | 没收违法所得25,557,243.63元, | | | | | 1 | 开联通支付服务有限公司 | 银京罚决字 | 违规开展支付账户向非同名银行账户转账业务; | 并处罚款12,877,657.14元,罚没 | 中国人民银行 | 2026/1/13 | 5월 | | | | (2026) 3号 | 5. 违规开展T+0交易结算; | 合计38.434.900.77元。 | 北京市分行 | | | | | | | 6. 一次性购卡1万元以上未留存身份证件; | | | | | ...

Core Insights - The event titled "'A+H New Wave' and the 34th Listed Company Entrepreneur Exchange Conference" was held in Beijing, focusing on the opportunities and challenges faced by A+H share listed companies in terms of industrial upgrades, capital operations, and cross-border layouts [1] Group 1: Market Insights - Lan Shili provided unique insights into the Hong Kong stock market, highlighting its historical significance in creating wealth, with notable figures like Huang Guangyu, Jack Ma, and others dominating the list of China's richest over the past three decades [1] - The recent performance of Hong Kong stocks, exemplified by companies like Mixue Ice Cream and Pop Mart, showcases the market's unique pricing logic based on business models and brand value, with market capitalization soaring to over 300 billion to 400 billion [1]