一键追踪美国"闪击"委内瑞拉时间线： 据新华社报道，委内瑞拉代理总统罗德里格斯4日说，有必要在不干涉彼此内政的基础上，推 动与美国建立平衡关系，并向美国总统特朗普"喊话"，"我们的人民和我们的地区值得享有和 平与对话，而非战争"。 罗德里格斯通过社交媒体表示："我们认为，在主权平等和互不干涉的基础上，推动美国与委 内瑞拉、委内瑞拉与本地区各国之间建立平衡、相互尊重的国际关系是当务之急。" 罗德里格斯说："我们邀请美国政府共同制定一项促进共同发展、在国际法框架内、加强持久 共存的合作议程。" 罗德里格斯向特朗普"喊话"："我们的人民和我们的地区值得享有和平与对话，而非战争。这 始终是尼古拉斯·马杜罗总统的坚定立场，也是当前整个委内瑞拉的心声。" 罗德里格斯说，委内瑞拉重申其和平与和平共处的意愿。委内瑞拉渴望在没有外部威胁、享 有尊重与国际合作的环境中生活。（完） SFC 来源丨新华社 编辑丨黎雨桐 见习编辑林芊蔚 美国闪击全球最大石油储量国，全球油市会否变天 "今天是委内瑞拉，明天就可能是任何一个国家" 21君荐读 2 悦 读 · 智能 权 威 . r7 o 扫码点击下载 ...

Core Viewpoint - The article highlights the booming performance economy in China, particularly during the winter season, driven by a surge in concerts and theatrical events, which are becoming significant contributors to consumer spending and urban tourism [4][5]. Group 1: Performance Market Heat - The performance economy has become a crucial engine for consumer growth, with events like concerts and theater shows frequently selling out, indicating high demand [6]. - For instance, during the 2025-2026 New Year period, major concerts in Guangzhou attracted tens of thousands of attendees, showcasing the popularity of live performances [6][9]. - The overall market size for performances in China is projected to reach 1,017.03 billion yuan by 2025, reflecting a significant increase from 739.94 billion yuan in 2023 [8]. Group 2: Impact on Urban Economy - The performance industry is expected to generate over 300 billion yuan in ticket sales by 2025, which will indirectly boost related sectors such as transportation, accommodation, and dining, contributing over 2,000 billion yuan to the overall economy [11]. - Innovative projects that combine performances with tourism are emerging, such as package deals that include tickets, accommodation, and transport, significantly enhancing local economies [11]. - Cities like Nanning and Xi'an are leveraging performances to attract tourists, with Nanning's concert drawing 170,000 attendees, 85% of whom were from outside the city, generating over 1 billion yuan in consumption [11]. Group 3: Emotional and Social Value of Performances - Live performances are increasingly viewed as essential emotional outlets and social experiences for young audiences, providing a sense of community and shared memories [18][20]. - The trend is shifting from functional consumption to emotional consumption, indicating a growing demand for performances that resonate on a deeper emotional level [20]. - The article emphasizes the need for content creators to focus on emotional engagement, balancing commercial interests with artistic integrity to sustain audience interest [20].

Market Overview - The A-share market opened higher on January 5, with the Shanghai Composite Index surpassing 4000 points for the first time in 34 trading days, reaching 4007.66 points, up by 38.82 points or 0.98% [1][2]. Brain-Computer Interface Sector - The brain-computer interface concept saw a surge, with stocks like Meihua Medical and Aipeng Medical hitting the daily limit, while nearly 20 stocks including Beiyikang and Sanbo Neuroscience also reached their limits. Other stocks like Guanhao Biological and Hanwei Technology rose over 10% [3][4]. Lithium Mining Sector - The lithium mining sector experienced fluctuations, with Salt Lake Holdings hitting the daily limit and reaching a three-and-a-half-year high. The company projected a net profit of 8.29 billion to 8.89 billion yuan for 2025, representing a year-on-year growth of 77.78% to 90.65% [5][6]. Storage Chip Sector - The storage chip sector strengthened, with stocks like Jiangbolong rising over 14% and Shanghai Xinyang over 12%. The demand for storage chips is expected to surge due to strong AI demand, with significant price increases projected for DDR4 and DDR5 memory chips [7][9]. AI Infrastructure Investment - Major North American cloud service providers, including Google, Meta, Microsoft, and Amazon AWS, are expected to invest a record $600 billion in AI infrastructure by 2026. This demand is anticipated to drive up storage chip prices significantly, with DDR4 and DDR5 memory prices expected to rise by 1800% and 500%, respectively [9].

编辑丨金珊 受地缘紧张局势的升级影响， 5日早盘，黄金价格大涨。 截至9:30左右， 现货黄金涨1.63%，突破4400美元关口；COMEX黄金期货涨1.73%。现货白银大涨近4%，突破75美元关口。 | 伦敦金现 | 伦敦银现 | COMEX黄金 | | --- | --- | --- | | 4402.009 | 75.612 | 4404.5 | | +70.434 +1.63% | +2.793 +3.84% | +74.9 +1.73% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 75.195 | 991.66 | 18010 | | +4.180 +5.89% | +10.44 +1.06% | -27 -0.15% | 国际油价由跌转涨振幅较大。 | W | | ICE布油 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | B.IPE | | | | | | 61.11 | 昨结 | | 60.75 | 总手 | 1.88万 | | | +0.36 | +0.59% 开盘 | | 60.99 | 现手 ...

Core Viewpoint - The article discusses the strategic acquisition by Cao Cao Mobility of Yao Travel and Geely Business Travel, highlighting the potential to integrate high-end travel and business travel management services in a rapidly growing trillion-dollar market [1][6]. Market Opportunity and Pain Points - The global business travel market is projected to reach $1.57 trillion by 2025, with China expected to contribute $373.1 billion, driven by companies' needs to reduce costs and improve efficiency [3]. - 75% of companies prioritize reducing overall travel costs, while 68% focus on enhancing employee travel experiences, indicating a concentrated demand for effective travel management solutions [3]. - The current business travel market is fragmented, with key pain points including disjointed service scenarios, inadequate digital integration, and weak cross-border service capabilities [4]. Integration of Differentiated Resources - The acquisition of Yao Travel and Geely Business Travel allows Cao Cao Mobility to create a comprehensive service chain that covers daily commuting, business receptions, and travel management [6][9]. - Yao Travel enhances Cao Cao's high-end service capabilities and global network, while Geely Business Travel provides a full-spectrum travel management solution [9]. Competitive Advantages - Cao Cao Mobility has built a strong reputation in client service, evidenced by being rated as the "Best Service Platform" in multiple user surveys [12]. - The company operates the largest customized vehicle fleet in China, which enhances service quality and cost control for corporate clients [14]. - The forward-looking Robotaxi strategy positions Cao Cao Mobility to meet future travel demands and expand its service capabilities globally [15][16]. Industry Trends - The business travel industry is transitioning from fragmentation to integration, with competition shifting towards ecosystem service capabilities [17]. - The strategic acquisitions and existing resources position Cao Cao Mobility to reshape the global business travel landscape as Chinese companies expand internationally [17].

Core Viewpoint - The demand for AI is driving a surge in storage chip prices, leading to increased interest in Chinese storage chip companies in the secondary market, particularly in the case of Zhaoyi Innovation, which has seen its stock price rise over 115% in the past year, reaching a market capitalization of 143.09 billion yuan by December 31, 2025 [1][3]. Group 1: Company Overview - Zhaoyi Innovation is a leading player in the semiconductor sector, particularly in NOR Flash, SLC NAND Flash, niche DRAM, and microcontroller (MCU) markets, and is recognized as the world's top fabless Flash supplier and the leading Chinese brand in ARM-based MCUs [3]. - Founded by Zhu Yiming in April 2005, Zhaoyi Innovation went public on August 18, 2016, with an IPO price of 23.26 yuan per share, raising approximately 582 million yuan [3][4]. - The company is expanding its market presence, with plans to issue 28.92 million H-shares globally, expected to start trading on January 13, 2026 [3]. Group 2: Founder Background - Zhu Yiming, a graduate of Tsinghua University, has been a pivotal figure in China's semiconductor industry, focusing on IC design and wafer manufacturing to support the national storage strategy [4][6]. - His journey began in the 1990s in Silicon Valley, where he recognized the lack of Chinese representation in the storage chip market, which he deemed essential for the integrated circuit industry [6][7]. Group 3: Market Position and Strategy - Zhaoyi Innovation capitalized on market gaps left by major players like Samsung and Spansion during the 2008 financial crisis, quickly filling the demand for low-cost, stable storage chips in the domestic market [8]. - The introduction of the GD32 series MCU in 2013 marked a strategic expansion into the MCU market, leveraging Zhaoyi's expertise in storage technology to compete against established European giants [10]. Group 4: Longxin Technology - In 2018, Zhu Yiming transitioned to focus on Longxin Technology, a company aimed at developing DRAM, which required significant investment and faced high technical risks [12][14]. - Longxin has made strides in the DRAM sector, launching China's first self-designed DRAM factory and achieving mass production of various DRAM products, including DDR5 chips by November 2025 [14][15]. Group 5: Challenges and Future Outlook - Longxin faces challenges due to U.S. export controls on semiconductor equipment, necessitating a balance between supply chain management and technological development [15]. - Zhaoyi Innovation continues to play a crucial role in the semiconductor ecosystem, with Zhu Yiming maintaining a significant influence as the largest shareholder and guiding the company's strategic direction [16].

Core Viewpoint - The article discusses the significant transformation of China's digital currency from a cash-based model (1.0 version) to a deposit currency model (2.0 version), which will allow digital yuan wallet balances to earn interest, enhancing its appeal and usability in various financial contexts [1][2]. Group 1: Transition to Deposit Currency - The People's Bank of China (PBOC) has initiated a shift in the digital yuan's framework, allowing wallet balances to earn interest based on the bank's current deposit rates, marking a revolutionary change in its functionality [1][2]. - This transition signifies a change in the legal status of funds in digital yuan wallets from being a liability of the PBOC to a liability of commercial banks, indicating a profound institutional reform [2]. Group 2: Implications for Users and Banks - For individual and corporate users, the ability to earn interest on digital yuan balances will significantly increase their willingness to hold these funds, leading to a broader acceptance among merchants and richer payment scenarios [3]. - Commercial banks will benefit from the digital yuan as a source of usable funds, enhancing their promotional efforts and enabling the development of new financial products, such as exclusive wealth management offerings tied to digital yuan [3]. Group 3: Global Positioning and Future Development - China is positioned as the first major economy to classify central bank digital currency as an interest-bearing deposit currency, strengthening its leadership and influence in global digital currency governance [4]. - The digital yuan's transition to a deposit currency will facilitate its integration into global interbank payment systems, enhancing its utility in cross-border trade and investment [4]. - Future improvements for the digital yuan include establishing a comprehensive regulatory framework, expanding pilot programs nationwide, accelerating multi-scenario coverage, and enhancing user data protection [4].

记者丨黎雨桐 吴斌 编辑丨金珊 北京时间1月5日早间，金银开盘直线拉升，截至7：20左右，现货黄金向上突破4366美元，涨超0.8%，现货白银涨近0.7%，COMEX白银大涨 超2.5%。 美油、布油双双短线跳水。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 2 1财经客户端 南财快讯工作室 SFC 21君荐读 消息面上，据央视新闻报道，当地时间1月3日，美国总统特朗普表示，执法部门在马杜罗夫妇高度戒备时将二人抓捕，委内瑞拉"所有军事力 量都已丧失战斗力"，美国将让石油"恢复正常供应"。 据新华社报道， 美国总统特朗普4日对委内瑞拉代理总统罗德里格斯发出威胁，称她如"不做正确的事"将付出"沉重代价"。特朗普还称美国或 继续对外干预，美"绝对需要格陵兰岛"。 金联创原油分析师奚佳蕊对21世纪经济报道记者表示，委内瑞拉是全球重要的产油国，也是欧佩克成员国，在美国对其展开制裁后，该国暂时 被排除在减产或增产的行列。而美国近期的一系列行动，将迫使该国不得不关停多个油井的生产，从而造成该国原油产量的进一步下滑。此事 短期内或不会对能源市场造成巨大冲击。 同时，奚佳蕊也提醒，地缘紧张 ...

近期，线上平台再次出现以茅台名义发布的招商信息，声称"1169元飞天直采""1169茅台 申购""茅台1169元飞天直供全国开放""茅台将1169元飞天企业直采通道从试点阶段推向全 国版图"等。 中国贵州茅台酒厂（集团）有限责任公司及下属子公司从未授权或委托任何主体，发布以 上信息。我公司将积极配合有关部门调查处理，依法追究有关责任主体法律责任，切实维 护市场秩序和消费者权益。 请各市场主体和广大消费者提高警惕，谨防上当受骗。 据"贵州茅台"消息，中国贵州茅台酒厂（集团）有限责任公司1月4日发布《关于防范虚假招商 的提示》： 来源丨贵州茅台官微 编辑丨张嘉钰 21君荐读 飞天茅台跌至1490元，贵州茅台回购1.2亿元股份 实探深圳水贝：银条盖在金条上，多家商铺银条没地放 人民币汇率破7背后 SFC 悦 读 · 智 能 权 威 · ( 凸) G) D 扫 码 点 击 下 载 ...

Core Viewpoint - The article discusses the recent price increases in the polyurethane industry, particularly focusing on Wanhua Chemical's price adjustments for MDI and TDI products, which are part of a broader trend influenced by supply disruptions and geopolitical factors [1][4][5]. Price Adjustments - Wanhua Chemical has announced multiple price increases for its core products, including MDI and TDI, starting from December 1, 2025, with increases of $200/ton in Southeast Asia and South Asia, and €300/ton in Europe [4]. - Following Wanhua, other major players like BASF and Dow also raised their MDI prices, indicating a synchronized market response [4][5]. - The price adjustments are attributed to unexpected production halts and rising raw material costs due to geopolitical tensions [5][6]. Supply Chain Disruptions - The polyurethane industry is experiencing significant supply chain disruptions due to unexpected maintenance and production halts at major facilities, including Wanhua's and BASF's plants [6]. - Notably, Hunstman’s MDI facility in the Netherlands faced an unexpected shutdown, exacerbating supply shortages [5][6]. - The article highlights that the European ethylene supply is under pressure, with several plants expected to close or reduce output, further tightening the market [8][9]. Market Dynamics - The article notes that the polyurethane industry has a high concentration of major global players, which limits the impact of domestic competition on pricing [1]. - Analysts suggest that the current price increases are part of a normal market adjustment rather than a reaction to domestic competition [1]. - The overall market sentiment is shifting towards a more optimistic outlook, with expectations of recovery in downstream demand being crucial for the industry's long-term health [12][13]. Future Outlook - The article indicates that while the current price increases are beneficial, the recovery of downstream demand is essential for sustained growth in the chemical sector [12]. - Analysts from UBS believe that the capital expenditure in China's chemical industry is beginning to decline, which may stabilize the industry's performance in the coming years [13]. - The article concludes that Wanhua Chemical's strategic positioning and the ongoing global supply adjustments could enhance its market share and profitability in the future [13].