Core Viewpoint - GAC Group reported a significant increase in sales for the fourth quarter of 2025, with a year-on-year growth in overseas sales for its self-owned brands, indicating a positive trend in both domestic and international markets [1] Group 1: Sales Performance - In 2025, GAC Group achieved a total terminal sales volume of 1.8135 million vehicles, with fourth-quarter sales exceeding 537,800 units, reflecting a quarter-on-quarter increase of 25.56% [1] - The overseas sales of GAC's self-owned brands reached nearly 130,000 units, marking a year-on-year growth of 47% [1] Group 2: Management and Structural Changes - A new professional management team for GAC Group took office in November 2025 [1] - In December 2025, the company officially initiated a reform of its self-owned brand business unit (BU), with the Haobo Aian BU already established and channel integration underway, while the Trumpchi BU is in preparation for launch [1] Group 3: Operational Efficiency Improvements - Since 2025, GAC's "Panyu Action" integration reform has made significant progress, including reducing the new vehicle development cycle to 18-21 months, lowering R&D costs by over 10%, and improving overall business efficiency by approximately 50% [1]

【#同程旅行回应KPL售票故障##同程旅行就KPL售票问题致歉#】 另外，同程旅行又发布了相关购票说明：本次KPL战队主场日将对全部售票平台购票用户开放，下单用 户需有该场次门票（不限购票渠道），无该场次门票用户下单将会退款处理。同时指出，2026KPL春季 赛战队主场日为固定战队日，用户一旦购买后将无法退票。 新京报贝壳财经讯（记者王真真）1月7日12时，2026KPL春季赛第一轮第一周开票，出现无法正常购票 的情况。今日下午，同程旅行官方微博发布情况说明：2026KPL春季赛第一轮第一周开票，因瞬时流量 剧增导致服务器请求过载，无法正常售票的问题，我们深表歉意。此次票务工作缺乏预判性以及在筹备 过程中系统容量准备不足，向喜爱关注KPL的用户再次致以十万分歉意。同时，我们也向主办方KPL联 盟深表歉意。关于广大召唤师关注的战队主场日加购权益，其将于1月8日（周四）中午12:00重新上 架。 ...

Core Viewpoint - The A-share market has started the new year positively, with the Shanghai Composite Index achieving a 14-day consecutive rise and a trading volume close to 2.9 trillion yuan [1] Group 1: Central Bank's Actions - The People's Bank of China (PBOC) has reiterated its commitment to provide liquidity to non-bank financial institutions under specific circumstances, indicating a new phase in the construction of China's financial safety net [2][4] - The PBOC's mention of two monetary policy tools to support the capital market suggests that these tools may become a regular feature, which is expected to bolster the capital market this year [3][8] - The rationale for the PBOC's liquidity support mechanism is the increasing importance of non-bank financial institutions in China's financial system, which manage substantial assets and are deeply involved in various financial markets [5] Group 2: Mechanism Design and Market Stability - The term "specific circumstances" refers to situations where systemic market pressure occurs, normal liquidity channels are obstructed, or specific institutions face liquidity crises that could lead to systemic risks [6] - The design of the liquidity support mechanism aims to avoid excessive reliance on the central bank by non-bank institutions, which could lead to moral hazard and risk accumulation [6][7] - The PBOC's role as a last resort lender extends to the non-bank sector in extreme cases to prevent individual liquidity issues from escalating into systemic crises [7] Group 3: Capital Market Support Tools - The PBOC has created two capital market support tools: a swap facility and a stock repurchase increase re-loan, with initial quotas of 500 billion yuan and 300 billion yuan, respectively, which have been in effect for over a year [8] - These tools have been recognized for their strong impact on boosting market sentiment and investor confidence, with potential for further enhancement of liquidity in the equity market [8] - Future improvements in legal frameworks and design of constraints are necessary to prevent excessive risk-taking by institutions benefiting from the central bank's support, balancing market stability and risk prevention [8]

值得注意的是，尽管国际金价已经处于历史高位，但我国央行已连续14个月增持黄金，从2024年11月至 2025年12月，每月保持稳定增持节奏。 市场人士指出，我国央行持续增持黄金可以有效分散风险，优化外汇储备结构，实现资产保值增值。另 外，黄金储备是主权货币信用的重要基石，充足的黄金储备，向全球市场传递了"人民币价值有实物资 产支撑"的信号，增强了国际社会对人民币的信心。同时，也为人民币在跨境贸易结算、国际储备货币 竞争中提供了"压舱石"，有助于推动人民币国际化进程。 中国民生银行首席经济学家温彬表示，黄金长期上涨的基本逻辑依然稳固：一方面，地缘政治冲突和大 国博弈加剧进一步削弱了市场对美元信用的信心；另一方面，在"去美元化"趋势下，各国央行持续通过 增持黄金优化外汇储备结构。 国际货币基金组织（IMF）在去年10月发布的全球外汇储备货币构成数据显示，截至去年第二季度末， 美元在全球外汇储备中的占比已降至56%左右，创下自1995年以来的新低。 与此同时，各国央行，尤其是新兴市场央行持续购金以对冲美元风险与地缘不确定性，形成结构性买 盘，推动黄金在全球央行储备资产中的占比逐步攀升。同时，美联储引领的全球降息周期 ...

新京报贝壳财经讯 1月7日，奥特维公告，预计2025年实现营业收入63.93亿元到67.41亿元，与上年同期 相比，将减少24.57亿元到28.05亿元，同比减少26.71%到30.50%；归属于母公司所有者的净利润为4.31 亿元到5.71亿元，与上年同期相比，将减少7.02亿元到8.42亿元，同比减少55.12%到66.17%；归属于母 公司所有者的扣除非经常性损益的净利润为3.94亿元到5.34亿元，与上年同期相比，将减少7.03亿元到 8.44亿元，同比减少56.84%到68.20%。 ...

编辑 陈莉 校对 柳宝庆 另外，同程旅行又发布了相关购票说明：本次KPL战队主场日将对全部售票平台购票用户开放，下单用 户需有该场次门票（不限购票渠道），无该场次门票用户下单将会退款处理。同时指出，2026KPL春季 赛战队主场日为固定战队日，用户一旦购买后将无法退票。 新京报贝壳财经讯（记者王真真）1月7日12时，2026KPL春季赛第一轮第一周开票，出现无法正常购票 的情况。今日下午，同程旅行官方微博发布情况说明：2026KPL春季赛第一轮第一周开票，因瞬时流量 剧增导致服务器请求过载，无法正常售票的问题，我们深表歉意。此次票务工作缺乏预判性以及在筹备 过程中系统容量准备不足，向喜爱关注KPL的用户再次致以十万分歉意。同时，我们也向主办方KPL联 盟深表歉意。关于广大召唤师关注的战队主场日加购权益，其将于1月8日（周四）中午12:00重新上 架。 ...

新京报贝壳财经讯1月6日，保利置业集团有限公司(简称"保利置业")发布2025年12月未经审核销售数 据。根据公告，2025年12月，保利置业集团合同销售金额约为25亿元，合同销售面积约为7.1万平方 米，合同销售均价约为35603元/平方米。 整体来看，2025年1月-12月，保利置业集团累计合同销售金额约为502亿元，累计合同销售面积约162.4 万平方米，合同销售均价约30917元/平方米。 ...

新京报贝壳财经讯 1月7日，广发证券发布公告披露，公司将按每股18.15港元的价格，向不少于六名独 立投资者配售2.19亿股新H股，预计募资净额约39.59亿港元。同时，公司将发行本金总额为21.5亿港元 的零息可转换债券，初始转换价为每股H股19.82港元。若债券悉数转换，将可转换为约1.08亿股H股。 本次配售及可转债发行的所得款项净额将全部用于向境外子公司增资，以支持国际业务发展。两项交易 均需满足相关先决条件方可完成，包括获得香港联交所的上市批准及完成中国证监会备案。 ...

Core Viewpoint - The article discusses the upcoming economic landscape for China in 2026, emphasizing the importance of stability and quality improvement in economic work, as well as the role of robotics in driving innovation and productivity in various sectors [3][4]. Company Overview - Yujian Technology has become the first stock of collaborative robots on the Hong Kong Stock Exchange, marking a significant recognition of the value in the robotics sector [5]. - The company has accelerated its product development, launching various humanoid robots and establishing strategic partnerships, leading to steady growth in performance [6]. Industry Insights - The robotics industry is a trillion-dollar market with intense competition, necessitating early positioning to stand out [7]. - The core challenges in implementing embodied intelligence in industrial settings include achieving cross-model and cross-scenario "collective intelligence" [10]. - The company aims to create a comprehensive ecosystem that accelerates the emergence of intelligence through a full-chain technology loop, reducing the learning cycle and costs for robots [11]. Governance and Ethical Considerations - As robots become more integrated into daily life, safety, ethics, and privacy are critical for industry development, necessitating a governance framework that ensures responsible design and operation [12]. Future Outlook - The robotics industry is moving towards "super automation" and "human-machine integration," with a dual strategy of deepening industrial capabilities and expanding commercial applications [15]. - The competition is shifting from "single-machine intelligence" to "system intelligence" and ecosystem building, requiring companies to develop autonomous production units capable of perception, decision-making, and collaboration [16]. Technological Development - A self-controlled full-stack technology chain is essential for achieving advanced capabilities, with a high self-research rate in key components ensuring supply chain security and product architecture definition [17]. - The company has established itself as a leader in collaborative robots, leveraging its strategic layout across high-potential sectors to create a virtuous cycle between existing business and future growth [18]. Response to National Policies - In response to national calls for expanding domestic demand and optimizing supply, the company focuses on transforming innovative robotic technologies into scalable productivity tools, enhancing manufacturing quality and efficiency while also activating consumer demand in various sectors [20].

Core Viewpoint - Tencent's WeChat security center has clarified that rumors regarding new account rules, such as "too many friends will lead to account suspension," are false and that normal social behaviors will not be restricted [1] Group 1: Response to Rumors - The WeChat security center stated that there has been no official announcement regarding any "new account rules" [1] - The rumors circulating online, including variations like "new rules for WeChat Moments," are categorized as misinformation [1] Group 2: Security Measures - The security strategy of WeChat is designed to identify and combat behaviors that threaten user safety and experience [1] - Normal activities, such as having many friends or frequently interacting with close contacts, will not trigger account penalties [1] Group 3: Origin of Rumors - The security center indicated that these rumors are propagated by black and gray market groups to obscure their illegal activities [1] - These groups often acquire accounts through illegal means and engage in activities that violate platform regulations, which can lead to account actions [1] - To evade detection, these groups spread false narratives about "account maintenance tutorials" to justify their actions [1]