在全球半导体技术加速迭代、绿色低碳转型深入推进的背景下，第三代半导体碳化硅正成为推动产 业升级的关键力量。格力电子元器件有限公司作为格力电器全资子公司，凭借其在碳化硅领域从晶圆制 造到封装测试的全链条自主能力，已实现碳化硅芯片在家电领域的规模化、高质量应用，为我国高端制 造与节能减碳注入强劲动能。 白电领域规模化突破，碳化硅助力能效再定义 格力电子元器件聚焦第三代半导体SiC碳化硅产业发展，截至目前，其碳化硅 SBD 芯片已成功应用 于数百万台套空调，走进万千家庭。为消费者带来实打实的高效节能体验，格力在碳化硅白电应用领域 实现规模化突破。 在冰洗空冷四大家电品类中，碳化硅SBD已广泛应用于前端PFC整流电路。相较硅基FRD， SiCSBD优势显著，不仅反向漏电流更小，且器件结电容更低，能有效降低PFC电路反向恢复损耗与反 向尖峰电流，全面提升产品能效与可靠性。以格力碳化硅基二极管 GCS065W020E 为例，应用于家用3 匹空调，在市电输入电压220V下、较硅基方案能效同比提升0.5%，器件温升同比降低了10℃，精准达 成节能提效目标。 随着用户对续航、充电速度的需求提升，新能源汽车800V高压平台已成为 ...

Core Insights - The insurance industry in China achieved a total premium income of 6.12 trillion yuan in 2025, marking a year-on-year growth of 7.43% [3] - By the end of 2025, the total assets of the insurance industry reached 41.31 trillion yuan, an increase of 15.06% from the beginning of the year [2] Group 1: Premium Income and Growth - The insurance industry experienced a significant recovery in premium income, with a total of 6.12 trillion yuan in 2025, up 7.43% year-on-year [3] - Life insurance premiums contributed notably, with a total of 4.65 trillion yuan, reflecting a growth of 9.05% [3] - Health insurance premiums approached the 1 trillion yuan mark, with a total of 997.3 billion yuan, growing by 2.04% [3] Group 2: Asset Growth - The total assets of the insurance industry surpassed 41 trillion yuan, reaching 41.31 trillion yuan by the end of 2025, an increase of 5.4 trillion yuan from 35.91 trillion yuan at the beginning of the year [2] - The insurance asset management scale also grew, with the investment balance exceeding 37 trillion yuan by the end of September 2025 [2] Group 3: Performance of Different Insurance Segments - Property insurance premiums totaled 1.76 trillion yuan, with a growth rate of 3.92%, indicating a slowdown compared to previous years [5] - Within property insurance, auto insurance premiums were 940.9 billion yuan, growing by 2.98%, while its market share continued to decline [6] - Non-auto insurance premiums saw a growth of 5%, with significant increases in agricultural insurance (4.78%) and health insurance (11.31%) [6] Group 4: Distribution Channels and Future Outlook - The bancassurance channel was a major driver for life insurance premium growth, with some companies reporting over 40% growth in this segment [3][4] - Analysts expect a strong performance for listed insurance companies in 2026, driven by ongoing trends in deposit migration and attractive insurance product rates compared to bank deposits [4]

2025年，在存款利率下行、居民财富管理需求升级的背景下，理财市场规模显著增长，其大类资产配置 也出现新动向：大幅增配存款类资产以平抑波动。 展望2026年，受访市场机构和专家建议理财公司优化产品分层与资产配置，以多资产、多策略寻求收益 增强，提升对公募基金等工具产品的配置强度，并审慎增加权益资产暴露，以应对低利率环境下的收益 挑战。 2025年资本市场回暖，理财产品也逐渐加大含权产品布局。数据显示，截至三季度末，理财十大重仓公 募基金中，股票型基金、混合型基金占比较季初分别提升3个、0.4个百分点至4.1%、1.8%，债券型基金 持仓较季初下降5.2个百分点至81.8%，配置占比呈现明显的"跷跷板"效应。 "权益类资产配置下降主要是受到老产品整改扰动，如果处置老产品涉及相关权益类资产，很可能导致 总规模下降，这与股票持仓不直接相关。"王一峰称。 对公募基金仍将保持较高配置强度 33万亿元银行理财市场大幅增配存款类资产 近日，银行业理财登记托管中心发布的《中国银行业理财市场年度报告（2025年）》（以下简称《年度 报告》）显示，截至2025年末，银行理财市场存续规模为33.29万亿元，较年初增长11.15%。 ...

2026年开年以来，期货业监管高压态势丝毫不减。 多家期货公司被监管"点名"，处罚直指居间业务、内部控制、互联网营销等核心违规领域，既有警示函、监管谈话等柔性约束，更有暂停新开户等实质性 业务限制。 据不完全统计，2026年1月，多地证监局已对相关期货公司开出6张罚单，实施多起行政监管措施。金元期货、先锋期货、华金期货、恒泰期货、中辉期 货、国新国证期货等卷入其中。 金元期货被罚 1月30日，海南证监局网站公布有关金元期货及该公司相关人员的监管措施。海南证监局指出，经查，金元期货存在违规与第三方机构开展居间合作的情 形，反映出公司互联网营销业务合规管控缺失，内部控制存在缺陷。根据相关规定，金元期货被采取责令改正的行政监督管理措施。 除了公司被罚，金元期货首席风险官吴育娜，公司分管经纪业务的副总经理聂义锋，均被海南证监局采取出具警示函的行政监督管理措施。 分支机构成违规重灾区 从处罚对象看，分支机构成为违规"重灾区"。先锋期货广州分公司、中辉期货天津营业部、恒泰期货青岛营业部等多家分支机构均因多项违规被罚。处罚 力度的升级尤为明显，与以往不同，暂停期货经纪业务新开户与责令改正并行成为主流处罚方式。其中，恒泰期货 ...

明确未经债务人同意，严禁在每日晚22:00至次日早8:00进行各类催收。 1月30日，中国银行业协会制定发布了《金融机构个人消费类贷款催收工作指引 (试行)》（下称《指 引》），通过催收行为定义、催收行为规范、外部催收机构管理、内控管理、促进行业健康发展等方 面，加强行业自律、规范业务发展。 该《指引》自发布之日起施行，《中国银行业协会信用卡催收工作指引试行》将同步废止。 划定"催收红线"，全覆盖规范行为 《指引》明确了适用范围，涵盖中国银行业协会会员单位发放的信用卡、个人消费贷款产品，其他类型 个人贷款产品可参照执行。在催收行为界定上，将电话催收、信函催收、外访催收、司法催收及通过短 信平台、企业微信号等开展的其他催收均纳入自律范围，实现催收方式全覆盖。 为保护债务人合法权益，《指引》划定了严格的"催收红线"。明确未经债务人同意，严禁在每日晚 22:00至次日早8:00进行各类催收；电话催收时，对债务人同一联系方式当日尝试拨打次数不宜超过6 次，避免过度骚扰。 强化外部机构管控 外部催收机构的规范运作是催收行业健康发展的关键。《指引》明确会员单位是催收管理的第一责任 人，对外部催收机构实行名单制管理，需制定 ...

Core Viewpoint - Recent fluctuations in gold prices have prompted major banks to take urgent measures to control risks associated with gold-related businesses [1] Group 1: Bank Responses - Industrial and Commercial Bank of China (ICBC) issued a risk warning on February 1, advising clients to maintain a rational investment mindset and avoid impulsive trading due to significant price volatility [2] - Agricultural Bank of China (ABC) announced an increase in margin requirements for gold trading contracts from 44% to 60% starting January 30, emphasizing the need for clients to manage their positions carefully [3] - Bank of China (BOC) highlighted the uncertainties in the precious metals market and urged clients to conduct transactions based on their financial status and risk tolerance [4] - China Construction Bank (CCB) raised the minimum investment amount for gold accumulation business to 1500 yuan, advising clients to enhance their risk awareness amid increased market volatility [5] - Bank of Communications and Postal Savings Bank also issued trading alerts, with the latter increasing margin requirements for various gold contracts from 80% to 120% [6] Group 2: Market Outlook - The chief economist of Zhaolian emphasized the need for investors to have appropriate risk tolerance amid increased short-term volatility in gold prices, while the long-term upward trend in gold prices remains intact [7]

Group 1 - The core viewpoint of the articles indicates that by the end of 2025, China's real estate market is showing positive changes, with a significant reduction in unsold housing inventory and ongoing urbanization efforts [1][2]. - The total scale of real estate transactions is stabilizing, with a notable trend of combined sales in new and second-hand housing markets showing signs of recovery, particularly in major cities [2][3]. - The reduction in unsold housing inventory is attributed to both proactive measures to reduce stock and natural market balancing, which helps stabilize market expectations and confidence [3]. Group 2 - Effective policy measures from various regions are contributing to the stabilization of the real estate market, including relaxed purchasing conditions for non-local families and financial incentives for talent acquisition [4][5]. - The transition to high-quality development in the real estate sector is being accelerated, with significant progress in upgrading old housing and implementing safety management systems [6][7]. - Looking ahead to 2026, it is anticipated that improved pricing, increased availability of quality housing, and a friendly purchasing environment will lead to a surge in housing demand and continued activity in both new and second-hand home transactions [8].

回顾历史，无论是蒸汽机取代马车，还是流水线工人代替手工作坊，或是后来的"机器换人"，每一轮科技革命都会取代一些岗位，当年也不乏有人担 忧"失业潮"。不过事后看来，这些技术变革非但没造成大规模失业，反而激发更多投资和消费需求，创造了大量新岗位。 技术是工具，更是阶梯。在相关部门支持下，以开放心态拥抱变革，以积极行动提升能力，一定能在技术浪潮中把握就业主动权，让科技进步惠及更多劳 动者。 事实上，技术变革从来不是单向度的替代，而是在重构就业版图中实现替代与创造的动态平衡，这正是科技进步与社会发展的内在逻辑。 面对变革，焦虑无用，实干为要。对劳动者而言，技能升级是破局关键，主动适配人机协作新模式方能站稳脚跟；对社会而言，需完善技能培训体系、化 解结构性就业矛盾、筑牢社会保障底线，为转型保驾护航。 1月27日，人力资源社会保障部传出消息：我国将出台应对人工智能影响促就业文件。 1月27日人力资源社会保障部的发布会，除了提到将出台应对人工智能影响促就业文件外，还提出，下一步将实施稳岗扩容提质行动、推出重点行业就业 支持举措、开展大规模职业技能培训、强化重点群体就业支持、出台统筹城乡就业体系意见等。这些工作是一体部署、协 ...

Group 1 - The core viewpoint of the article highlights the collaboration between Lansi Zhongke and Lanzhou University in the field of rare earth materials and nanotechnology, aiming to leverage regional resources for innovation and development [1][4][6] Group 2 - Lansi Zhongke's management team, including General Manager Kang Xiangjing, engaged in academic exchanges with Lanzhou University's chemistry and chemical engineering faculty, focusing on the industrialization of nanomaterials [1][3] - The visit included a tour of Lanzhou University's research facilities, emphasizing the institution's capabilities in research platform construction and advanced equipment [3] - A presentation was made on Lansi Zhongke's projects, including nanomaterials and their market applications, followed by discussions on technical challenges and potential areas for collaboration [4][6] Group 3 - Kang Xiangjing emphasized the importance of utilizing Gansu's rich rare earth resources and proposed the establishment of a collaborative innovation system that integrates production, learning, and research [6] - The collaboration aims to address national strategic needs and enhance the competitiveness of high-end products in the rare earth industry, with a focus on breakthroughs in various advanced fields [6] - Professor Xi Pinxian expressed support for the partnership, highlighting the potential for joint efforts to tackle critical industry challenges and promote regional industrial upgrades [6]

在赣南这片素有"稀土王国"之称的土地上，一条由兰石中科、虔东稀土与严纯华院士工作站共同搭建的 纳米稀土材料中试线，正持续推动新材料领域的多元化突破。近日，在成功完成60吨纳米碳酸镧交货任 务后，应客户特定需求，公司又顺利完成百吨级微米级碳酸镧产品的定制生产。这不仅是一次产能的跨 越，更是公司坚持以客户为导向、灵活响应市场、拓展产品矩阵的生动实践。 干燥工序的"能量掌控者"：精准响应需求的品质决胜 在干燥焙烧环节，雒富荣牢牢把控着物料从湿到干、从松散到成型的最后一道关口。他需要根据产品目 标规格，实时精确调节能量输入与物料流量。"我们已具备稳定生产纳米级与微米级产品的完整能 力，"他指着细腻均匀的成品说道，"当前这批产品D50稳定控制在1.09μm，正是为了满足客户在特定应 用场景下的性能需求。"这标志着公司在响应市场需求、可控制备多尺度微纳米产品方面的技术实力与 生产灵活性。 百吨，不仅是一个产量节点，更是一种能力与精神的刻度。这一百吨微米级产品，是由客户信任、市场 导向与无数次紧盯屏幕的专注、反复湿透的工装、深夜独行的灯光共同铸就。它背后没有豪言壮语，只 有对客户需求的踏实回应；没有单打独斗的英雄，只有紧密 ...