二是促进增强居民消费能力，支持真实消费融资需求。继续实施好创业担保贷款政策，支持重点群体的 就业创业和符合条件的小微企业吸纳就业。支持中国资本市场健康稳定发展，增加居民的投资渠道。规 范发展消费金融，满足居民多样化、个性化的消费需求。加强金融、财政政策协同，配合落实好消费领 域贷款贴息等政策，降低消费领域的融资成本。 三是优化消费金融基础服务。持续完善多元化的支付服务体系，结合重点消费场景提升支付体验，实施 好一次性信用修复政策，改善消费金融环境。 银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 1月15日，中国人民银行货币政策司司长谢光启在国新办新闻发布会上表示，近年来，人民银行围绕支 持增强消费能力、提升金融供给、释放消费潜力等方面系统施策，满足消费领域多样化的融资需求。包 括设立了5000亿元的服务消费与养老再贷款，引导金融机构创新消费金融产品，持续推进支付服务便利 化等。从服务消费与养老再贷款情况来看，截至2025年末，金融机构已经向人民银行报送了两批申请， 人民银行发放了再贷款1184亿元。从银行贷款的情况来看，截至2025年11月末，不含个人住房贷款的消 费贷款余额已经达到了21.2 ...

Core Insights - Visa has officially announced support for Chinese cardholders to link their Visa cards to Apple Pay, enabling convenient payments in various scenarios such as overseas merchants, mobile applications, and online websites [1] - The global trend shows that 79% of offline transactions are completed through contactless payment methods [1] Group 1: Company Strategy - Visa aims to provide diverse payment options for Chinese cardholders, enhancing their payment experience globally [1] - The collaboration with Apple is a significant step in Visa's long-term commitment to the Chinese market, focusing on data and payment security [1] Group 2: Partnerships and Implementation - Initial banks supporting this service include major institutions such as Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, and others [1] - Visa and Apple are working with additional banks like Shanghai Pudong Development Bank and China Construction Bank to advance system integration, with features expected to roll out in phases [1]

银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 为贯彻落实党中央、国务院决策部署，加大对中小微企业的金融支持力度，中国人民银行决定增加支农支小再贷款额度5000亿元，将支农支小再贷款额度与 再贴现额度打通使用。在支农支小再贷款项下设立民营企业再贷款，额度1万亿元，引导地方法人金融机构进一步聚焦重点，加力支持民营中小微企业。民 营企业再贷款的期限、利率、发放方式等与现行支农支小再贷款一致。 ...

中央经济工作会议已经明确，2026年要继续实施适度宽松的货币政策，人民银行将按照党中央、国务院 决策部署，加大逆周期和跨周期调节力度，有效支持"十五五"开好局、起好步。1月15日，中国人民银 行副行长邹澜在国新办新闻发布会上表示，根据当前经济金融形势需要，人民银行将先行推出两方面政 策措施。一方面是下调各类结构性货币政策工具利率，提高银行重点领域信贷投放的积极性。另一方面 是完善结构性工具并加大支持力度，进一步助力经济结构转型优化。具体包括以下几项： 一是下调各类结构性货币政策工具利率0.25个百分点。各类再贷款一年期利率从目前的1.5%下调到 1.25%，其他期限档次利率同步调整。 二是将支农支小再贷款与再贴现打通使用，增加额度，并单设民营企业再贷款。合并使用支农支小再贷 款与再贴现额度，增加支农支小再贷款额度5000亿元，总额度中单设一项民营企业再贷款，额度1万亿 元，重点支持中小民营企业。 三是增加科技创新和技术改造再贷款额度并扩大支持范围。将科技创新和技术改造再贷款额度从8000亿 元，增加4000亿元至1.2万亿元，并将研发投入水平较高的民营中小企业等纳入支持领域。 四是合并设立科技创新与民营企业债 ...

四是金融市场平稳运行。综合施策维护外汇市场稳定，强化预期管理，外汇市场供求基本平衡，2025年 人民币对一篮子货币保持基本稳定，对美元汇率升值4.4%。债券市场平稳健康发展，债券市场代表性 的10年期国债收益率近期稳定在1.8%-1.9%附近。资本市场信心有效提振，交投活跃。 银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 1月15日，中国人民银行副行长邹澜在国新办新闻发布会上表示，2025年，人民银行实施适度宽松的货 币政策，在货币金融环境已经较为宽松的状态下，在存量政策接续发挥作用的基础上，5月又宣布实施 了一揽子金融支持举措，巩固经济回升向好势头。从全年金融数据看，货币金融政策支持实体经济的效 果是明显的。 一是金融总量较快增长。人民银行通过综合运用多种货币政策工具，保持流动性充裕，引导金融机构充 分满足实体经济有效融资需求。2025年12月末，社会融资规模存量同比增长8.3%，广义货币供应量M2 同比增长8.5%，明显高于名义GDP增速；人民币贷款余额272万亿元，同比增长6.4%，还原地方化债影 响后，增速在7%左右，信贷支持力度持续较强。 二是社会综合融资成本进一步降低。2018年下 ...

Core Viewpoint - The vaccine industry is undergoing a deep adjustment period, with a significant decline in public willingness to receive vaccinations, leading to substantial losses for leading companies like Zhifei Biological. The company anticipates a loss of 10.698 billion to 13.726 billion yuan in 2025, with a net profit decline of 630% to 780% year-on-year [1][2]. Group 1: Industry Challenges - The direct cause of the massive loss is not due to a depletion of operating cash flow but rather large-scale asset impairment provisions made on a cautious basis. This includes inventory write-downs due to lower-than-expected sales and market demand changes [2]. - The global increase in "vaccine hesitancy" following public health events has exacerbated demand shrinkage across the entire vaccine industry, creating severe challenges [2][6]. - Policy adjustments and market environment changes have disrupted the demand rhythm for certain vaccine products, leading to increased inventory pressure for companies [2]. Group 2: Company Response Strategies - Zhifei Biological has initiated several measures to address short-term operational pressures, including negotiating procurement plans with partners and optimizing product promotion strategies to improve inventory turnover efficiency [2][3]. - The company has secured a syndicated loan of up to 10.2 billion yuan from Agricultural Bank of China to alleviate debt pressure and optimize its debt structure [3]. - Zhifei Biological is also issuing technology innovation bonds to further enhance its financial stability and reduce financial risks [3]. Group 3: Long-term Development and Innovation - Despite short-term pressures, Zhifei Biological continues to invest in R&D and international expansion, with 34 preventive biological pipeline projects under development, including several in clinical trial stages [4][5]. - The company has achieved significant milestones in its product pipeline, including the approval of new vaccines that will diversify its product offerings and support future revenue growth [5]. - Zhifei Biological's internationalization efforts include clinical trials for vaccines in foreign markets, which are expected to enhance its global presence and revenue streams [5][6]. Group 4: Policy Support and Market Opportunities - The inclusion of HPV vaccines in the national immunization program is a significant policy change that is expected to boost public vaccination awareness and gradually revive market demand [6][7]. - The government's push for high-level openness and support for Chinese vaccines in global public health governance presents new opportunities for companies with strong technical capabilities [7]. - 2026 is seen as a critical year for Zhifei Biological to validate its transformation efforts, with plans to accelerate product launches and optimize business strategies for sustainable development [7].

1月15日盘前，顺丰控股（002352.SZ，6936.HK）发布公告称，公司与极兔速递宣布达成一项战略性的 相互持股协议，顺丰控股将向极兔速递增发2.26亿股H股股份，发行价为每股36.74港元；极兔速递将向 顺丰控股增发8.22亿股B类股份，发行价为每股10.10港元。 交易完成后，顺丰控股将持有极兔速递10%的股份，极兔速递将持有顺丰控股4.29%的股份。在满足特 定前提条件下，极兔李杰先生承诺将提名并支持顺丰的一名董事候选人加入极兔董事会。双方约定本次 交易的股份锁定期将为5年，充分体现了彼此长期战略合作的诚意与决心。未来双方将在全球物流网络 建设、基础设施布局、业务协同发展等方面探索更多的合作可能性。 顺丰控股创始人王卫和极兔速递创始人李杰共同表示，顺丰和极兔是多年合作的战略伙伴。此次相互持 股，是双方关系深化的重要里程碑，标志着彼此从业务协同走向更紧密的战略共赢。双方将携手打造一 个更高效的全球智慧物流网络，有力把握中资企业出海及跨境电商带来的历史性机遇，为客户创造更卓 越的全球供应链价值。 作为亚洲最大、全球第四大的综合物流服务提供商，顺丰控股近年来一直在深化国际化发展战略，获取 关键核心资源、 ...

广信科技1月15日公告，公司基于国际贸易业务发展需要，在中国香港出资设立全资子公司香港广信输 变电产业链科技有限公司。全资子公司注册地址为E21，10/F 52 HUNG TO ROAD KWUN TONG HK， 注册资本为150万美元。香港广信输变电产业链科技有限公司已于近期完成注册登记并取得商业登记 证。本次对外投资的投资金额为150万美元，资金来源于公司自有资金，不涉及实物资产、无形资产、 股权出资等出资方式。本次对外投资在总经理决策权限范围内，无需提交董事会、股东会审议。 本文源自：金融界AI电报 ...

北京北辰实业股份(00588.HK)：预计截至2025年12月31日止年度利润将继续亏损。 越秀地产(00123.HK)：2025年度累计合同销售金额约为1062.1亿元，同比下降约7.3%，约占销售目标的 88.1%。其中12月销售金额约89.96亿元，同比下降约33.4%。 交个朋友控股(01450.HK)：2025年第四季度，集团合计完成商品交易总额(GMV)约人民币64.9亿元，同 比增长约4.34%；2025年累计完成GMV约人民币160.2亿元，同比增长约6.23%。 赛晶科技(00580.HK)：预计2025年度收入约人民币22.5亿元，同比增加约40%，主要由于来自柔性输电 业务领域的收入增加，得益于有关工程订单产品陆续交付及收入确认。 1月15日，恒指早盘一度冲高逾两百点后回落，午后持续维持水下震荡态势，尾盘受半导体板块走强刺 激一度接近翻红。恒生科技指数全天表现疲软跑输大市；截止收盘，恒生指数跌0.28%报26923.62点， 恒生科技指数跌1.35%报5828.35点，国企指数跌0.52%报9266.86点，红筹指数涨0.39%报4153.7点。 盘面上，大型科技股普遍下跌，阿里巴巴跌2 ...

Core Viewpoint - The company, GuoDun Quantum, is currently focused on its technology in quantum communication, specifically in ground equipment for satellite-ground quantum key distribution, and has not integrated its efforts with the national commercial space strategy [1] Group 1 - Investors inquired about GuoDun Quantum's plans to leverage its technology in quantum communication within the context of the national commercial space strategy [1] - GuoDun Quantum confirmed that its satellite-ground quantum communication equipment is primarily used for quantum key distribution between satellites and ground stations [1] - The company stated that there is currently no integration of its technology with the national commercial space strategy [1]