记者丨 张伟泽 编辑丨李莹亮,和佳 继昨日大涨后，今日港股AI股开始回调走弱。1月13日午后，港股AI应用板块午后继续降温。截至发稿， 智谱(02513.HK)跌超13%， MINIMAX-WP(00100.HK)跌10%，商汤(00020.HK)跌超4%，港股科网股多股下挫，快手、华虹半导体、金山软件跌超2%，阿里巴巴、哔哩 哔哩、小鹏汽车飘红，截至发稿涨幅超2%。 | 截至1月13日14：17走势 | | --- | 目前港股AI产业版图正在不断拓展。在AI产业链的上游，有中芯国际、壁仞科技、天数智芯等多家提供算力和数据支撑的硬件服务企业。而在 AI产业链的中游，除了刚刚上市的MiniMax和智谱之外，也有阿里、腾讯和百度等参与AI软件的综合厂商。在AI产业链的下游，则有百度旗下 的AI芯片公司昆仑芯，以及存储芯片公司芯天下技术等企业，均已向港交所提交上市申请。 这股热潮并非偶然。瑞银全球投资银行亚太股票资本市场联席主管胡凌寒在近期接受21世纪经济报道记者专访时指出，AI是当前全球范围内热 度极高的赛道，随着行业发展，这些公司必然产生融资需求，可以预见2026年一定会有更多AI产业链相关的公司登陆香港市场 ...

据第一财经，有专家分析指出，"比如，公司给年轻员工提供低于市场价的住房租赁服务，比 如某地段市场租金3000元，而单位提供给员工租房只收1000元，这种情形原来是不需要交税 的，而今年起就得交税了。" 据央视新闻， 增值税法及其实施条例已经从2026年1月1日起正式实施。 在中国境内的应税交 易需要缴纳增值税，而不属于应税交易则不用缴纳增值税。增值税法列举了四类不属于应税交 易情形，与之前法规相比，删去了"单位或者个体工商户为聘用的员工提供服务"这一条款。 更多内容详见→ 2026年1月1日起，增值税法正式实施， 删除了"单位或者个体工商户为聘用的员工提供服 务"免税条款，明确单位向员工提供餐饮、住宿等有偿服务需缴纳增值税 （一般纳税人6%，小规 模纳税人3%） ，无偿服务则不征税。 三部门就《中华人民共和国增值税法实施条例》答记者问 这意味着，一些企事业单位等给员工的福利之一，就是单位食堂价格或宿舍房租价格远远低于 市场价， 这在以前是不用缴纳增值税，但2026年以后可能要交税了。 来源丨央视新闻、第一财经 编辑丨江佩佩 又一股被强制退市，一字跌停！股价蒸发8成 商业航天概念反弹，陕西华达涨停，中国卫星拉升 ...

Core Viewpoint - *ST Yanshi (Shanghai Gui Jiu) is expected to face mandatory delisting due to projected revenue below 300 million yuan and negative net profit for the fiscal year 2025 [1][5][7]. Group 1: Financial Performance - The company reported revenue of 34.76 million yuan for the first three quarters of 2025, with a net profit of approximately -112 million yuan [7]. - A significant decline in revenue is noted, with an 80% year-on-year drop in 2024 and further substantial shrinkage anticipated for 2025 [7]. - The stock price has plummeted over 80% from its historical high of 51.66 yuan to 3.04 yuan per share following the delisting announcement [5]. Group 2: Regulatory and Legal Issues - The company is under scrutiny due to false reporting in annual reports from 2017 to 2020, leading to public condemnation and criminal measures against its actual controller, Han Qiao [7]. - The controlling shareholder's assets have been judicially frozen, further complicating the company's financial situation [7]. Group 3: Market Activity - Despite the impending delisting, some investors continue to speculate on the stock, with a cumulative price deviation of 12% over three trading days [7]. - The company has initiated aggressive sales strategies, including live-streaming sales at significantly reduced prices for its products, indicating a desperate attempt to generate revenue [8].

与市场上常见的工具集合不同，"智研多资产配置+"平台通过三大有机联动的核心体系， 构建了一个完整的智能投研价值闭环。 深度研究工具库是系统的"认知基石"。它超越了传统的数据罗列，构建了穿透式的资产洞 察网络。其中，涵盖5 0 0多个深度标签的基金特色分析库，为每只基金绘制精准画像；而 颇 具 特 色 的 " 前 沿 声 音 " 智 库 ， 则 借 助 AI 智 能 听 录 技 术 ， 将 数 百 场 基 金 经 理 访 谈 及 内 部 路 演，转化为可秒级检索、结构化的观点数据库，让隐性知识得以显性化沉淀与运用。 量化配置模型库是平台的"决策引擎"。它将宏观研判与中观战术从定性讨论推进至定量指 引。平台集成了美林时钟、货币信用周期等经典资产配置模型，同时融合了具有中信建投 特色的研究成果，如改进的普林格周期模型、宏观状态择时模型等，能够将复杂的宏观环 境转化为清晰的配置信号。行业轮动模型基于因子动量的思想，涵盖宏观、基本面、资金 面、事件动量等七大子维度，共同构造复合的行业轮动策略，提供从宏观到中观的完整决 策链。 AI增强是提效的"加速器"。平台引入了AI智能体矩阵，将人工智能技术深度植入投研全流 程。7× ...

Group 1 - Zhao Changjiang, former general manager of BYD's Tengshi brand, has officially joined Hongmeng Zhixing - Zhijie Automobile as the executive director and executive vice president, aiming to create a user-centered global benchmark smart brand [1][2] - During his tenure at BYD, Zhao Changjiang held various positions for 16 years, eventually becoming the youngest general manager of BYD's automotive sales company at the age of 31, leading the development of key models like Han and Tang [2] - Under Zhao's leadership, Tengshi brand underwent significant transformations, including brand renewal and product restructuring, with the MPV model Tengshi D9 achieving monthly sales of 9,000 to 10,000 units [2] Group 2 - Zhao Changjiang's transition to Zhijie Automobile was preceded by a brief period of rest after leaving BYD, where he expressed gratitude for the support received during his career [2] - The market reacted positively to Zhao's comments about the Zhijie V9, suggesting it would have no competitors for at least three years, indicating strong confidence in the product's potential [1]

Group 1 - The core viewpoint of the article is that Mingyang Smart Energy is planning to acquire control of Dehua Company through a combination of issuing shares and cash payments, which constitutes a related party transaction [1][2] - Mingyang Smart Energy's stock price had already reached the daily limit before the announcement, indicating strong market interest [2] - The acquisition is still in the planning stage, and the valuation of Dehua Company has not been finalized, with details on the transaction amount and the ratio of shares to cash yet to be determined [1][2] Group 2 - Dehua Company, established in 2015, specializes in high-end compound semiconductor epitaxial wafers and chips, focusing on space solar cells and semiconductor optoelectronic devices [1] - The company has received international aerospace AS9100D quality system certification and was selected as a national-level specialized and innovative "little giant" enterprise in 2023 [1] - Mingyang Smart Energy's stock has increased by over 35% in the first six trading days of the year [2]

记者丨 李依农 杨雨莱 编辑丨李依农 进入2026年，中国股市的表现，正在引发全球资本的重新审视。 A股自年初以来延续上涨态势，上证指数站稳4100点重要整数关口。长期来看，这并不是一轮 情绪驱动的"突发行情"。2025年全年，成交规模和融资水平持续放大，为这一轮上涨奠定了更 扎实的资金和结构基础。 更值得关注的是， 行情背后，外资的态度正在发生方向性变化。 进入2026年，高盛、摩根大通、摩根士丹利、瑞银等多家外资机构，在年度和新年展望中，对 中国资产的判断明显转向积极—— 已从"是否需要配置中国资产"，悄然切换至"这一轮中国股 市上涨能延续多久、空间多大"的深度探讨。 高盛维持A股超配评级，预计2026年MSCI中国指数、沪深300指数分别上涨20%和12%；摩根 大通则将A股评级上调至"超配"，预测沪深300指数能达到5200点的目标位。 但指数点位只是表象，更重要的是背后的逻辑变化：2025年更多是估值修复，而2026年开 始，市场正在进入由盈利改善和结构性成长驱动的新阶段。 在此背景下，外资为什么重新加大对中国资产的配置？ 渣打中国财富管理部首席投资策略师王昕杰亦持相似观点。在接受南方财经记者采访时 ...

记者丨 彭新 雷若馨 | 代码 类型 名称 | | 现价 | 涨跌 | 涨跌幅 · | | --- | --- | --- | --- | --- | | 588420 主 科创创业人工智能ETF 1.152 | | | -0.127 | -9.93% | | 159267 行 | 航天ETF | 1.344 | -0.109 | -7.50% | | 159208 行 | 航天航空ETF | 1.610 | -0.118 | -6.83% | | 159392 主 | 航空ETF | 1.435 | -0.101 | -6.58% | | 563380 行 | 航空航天ETF | 1.335 | -0.093 | -6.51% | | 159241 行 | 航空航天ETF天弘 | 1.607 | -0.111 | -6.46% | | 159638 主 | 高端装备ETF | 1.250 | -0.085 | -6.37% | | 159227 行 | 航空航天ETF | 1.576 | -0.106 | -6.30% | | 159243 主 | 创业板人工智能ETF招 1.120 | | -0.073 ...

记者丨 李益文 编辑丨叶映橙 1月13日早盘，商业航天概念股跳水，航天环宇跌超12%，航天宏图、航天智装跌逾10%，北斗星通、中国卫通、航天电器跌停。 21财经《辟谣财知道》注意到， 市场传言东方电热（300217.SZ）作为液氧甲烷火箭发动机热管理龙头，2026年锁定航天业务订单8亿元。对 此，东方电热在今日互动平台明确表示，公司未生产相关产品。 公开资料显示，东方电热成立于1992年12月，是一家专业从事各类高性能电加热器研发与制造的高新技术企业，主营业务是设计、制造各类民 用、工业用电加热器，以及防爆电加热器产品、电气控制系统及动力锂电池用钢壳材料等， 2011年在深交所上市，被誉为"国内电加热第一 股"。 1月13日，东方电热开盘大涨2%后，持续下跌，截至发稿跌超1%报5.47元/股，总市值80.8亿元。 | 东方电热(300217) < □ = ರ | | --- | | 交易中 01-13 10:42:36 通 融 | | ５.４７ 额 1.72亿 股本14.78亿 市盈™ 42.86 万得 盟口 | | -0.10 - -1.80% 换 2.55% 市值 80.8亿 市净" 1.93 | | 0 ...

Group 1 - The core focus of the national business conference held on January 10-11 is to boost consumption, which is prioritized as the first key area of work for 2026 [4][5] - The conference emphasizes the need to accelerate the construction of a new development pattern, promoting high-quality development while balancing domestic economic work and international trade struggles [1][5] - The goal is to establish a strong domestic market, expand autonomous openness, and innovate trade development, indicating a proactive approach to high-quality development rather than a defensive contraction [1][5] Group 2 - The implementation of a consumption boost initiative includes creating the "Buy in China" brand and optimizing policies for replacing old products with new ones to enhance consumption [5][6] - The policy aims to support the purchase of energy-efficient appliances and vehicles, with projections of 18.3 million cars and 192 million home appliances being replaced under this initiative, generating significant sales and benefiting millions of consumers [5][6] - The green consumption market is expected to grow steadily, driven by the increasing availability of green products and innovative consumption models [6] Group 3 - The conference highlights the importance of stimulating consumption in rural and county areas, recognizing their potential for growth as rural retail sales have consistently outpaced urban areas [8][9] - Data shows that rural retail sales grew by 4.4% compared to 3.9% in urban areas, indicating a shift in focus towards enhancing county-level consumption and supporting rural economic development [8][9] - The initiative includes financial support for county-level consumption and promoting the sale of agricultural products, which is crucial for rural revitalization [9] Group 4 - The conference calls for greater efforts to build high-standard open platforms, particularly through the development of the Hainan Free Trade Port, which aims to align with international trade rules [10][11] - Hainan's practices are expected to serve as a testing ground for China's participation in high-level trade agreements like the CPTPP, enhancing China's influence in global trade rule-making [12] Group 5 - The conference emphasizes the integration of trade and investment, promoting the "Export China" and "Investment China" brands while enhancing the overall efficiency of the business system [14][15] - The focus is on creating a synergistic relationship between trade and investment, which is essential for stabilizing foreign trade and investment in a complex international environment [16] - The two integrations aim to improve the resilience and proactive nature of China's open economy, facilitating better resource sharing and market adaptability [16]