Core Viewpoint - The global storage chip industry is experiencing a price surge, particularly in the packaging and testing segment, driven by high demand and limited supply [2][4]. Group 1: Price Increases and Market Dynamics - Major storage packaging and testing companies have raised prices by up to 30% due to capacity utilization nearing its limits, with further price hikes anticipated [2][4]. - The advanced packaging index in the A-share market saw significant gains, with companies like Huafeng Measurement Control rising over 7% and Changdian Technology increasing by over 6% [2]. - The price of 8GB DDR4 memory has surged from $1.40 in January last year to $9.30 in December, indicating a substantial increase in memory prices [5]. Group 2: Supply and Demand Imbalance - The core reason for the tight packaging capacity is the strategic focus of major chip manufacturers like Samsung, SK Hynix, and Micron on expanding AI-specific HBM production, which has squeezed the supply of standard DRAM and NAND chips [6]. - The demand for DDR4, DDR5, and NAND chips is strong, particularly from the cloud and industrial control markets, further fueling the need for packaging services [6]. Group 3: Future Outlook and Investments - Goldman Sachs emphasizes that AI remains a key investment theme through 2026, with a focus on high-end packaging and testing sectors [8]. - Micron Technology is set to invest approximately $100 billion in a new semiconductor manufacturing center in New York, aimed at meeting the growing demand for AI systems [8]. - The construction of this facility is expected to create 9,000 jobs and will include multiple factories, with the first expected to be operational by 2030 [8].

Core Viewpoint - The 2026 investment strategy conference hosted by Bosera Fund emphasized the importance of macroeconomic trends and investment opportunities in various sectors, including technology and fixed income, amidst a complex global environment [3][4][6]. Group 1: Macroeconomic Outlook - Bosera Fund's chairman highlighted that China's economic stability and continued openness will enhance the attractiveness of RMB assets globally [4]. - The upcoming "15th Five-Year Plan" will focus on technology innovation, green transformation, and rural revitalization, injecting continuous industrial momentum into the capital market [4]. - The coordination of fiscal and monetary policies is expected to be more flexible and precise, aiming for a dynamic balance between growth stabilization, transformation promotion, and risk prevention [4]. Group 2: Investment Strategies - The equity market presents structural opportunities, particularly in sectors like technology independence, energy transition, and consumer recovery, where companies with real competitiveness will continue to be revalued [7]. - The bond market remains valuable for allocation, with the role of interest rate bonds and high-grade credit bonds acting as stabilizers in a low-interest-rate environment [7]. - Asset allocation should focus on balance and flexibility, transitioning from "single Beta" to "multiple Alpha," allowing investors to seek low-correlation combinations across various asset classes [7]. Group 3: Sector-Specific Insights - The conference featured insights from industry experts on global macroeconomic trends, liquidity, and the impact of AI on capital markets [8]. - Bosera Fund's Chief Investment Officer discussed the importance of understanding industry trends for successful technology investments, identifying two key valuation phases in the growth of tech companies [8][10]. - Key investment opportunities in 2026 are expected to focus on artificial intelligence, particularly in areas like overseas computing power, domestic computing power, and AI large models [10]. Group 4: Asset Allocation Recommendations - Bosera Fund's senior investment director emphasized the potential for multi-asset allocation, predicting that "fixed income plus" strategies may perform better in 2026 [11]. - The report anticipates a slight increase in fiscal policy expansion and a stable low-interest-rate environment, with a focus on liquidity and the impact of various economic factors on market performance [13]. - The report also noted that while the A-share market may experience more rotation, the Hong Kong stock market remains attractive due to its relative valuation [14].

1月12日，国家卫生健康委会同公安部、民政部、市场监管总局、国家中医药局、国家疾控局联合制定的 《医疗卫生机构亡故患者全流程服务管理规定》公开发布。 规定明确，对于死因明确的正常死亡，医疗机构需在死亡发生或家属申报后一日内签发死亡证明；亡故患 者遗体在医疗机构临时停放时间原则上不得超过24小时。 此外， 严禁医疗机构开展 殡仪服务 、外包太平间，并严厉打击倒卖死亡证明、泄露逝者家属信息等行 为。 规定全文如下—— 医疗卫生机构亡故患者全流程服务管理规定 一、死亡证明签发主体 医疗卫生机构应当优化亡故患者遗体转运流程，提高遗体转出效率。确有必要的，可设置遗体暂存区，满 足遗体接运车辆到达前临时停放遗体需要。遗体暂存区可在相关重点科室附近根据实际设置，也可在医疗 卫生机构内集中设置。已设置太平间的医疗卫生机构，原则上太平间只提供遗体暂存服务，参照遗体暂存 区进行管理。 五、亡故患者遗体转运管理 患者在医疗卫生机构内正常死亡的，相关临床科室应当及时通知家属，按规定开具《死亡证明》，并将遗 体转运至遗体暂存区临时停放，等待遗体接运车辆接运。医疗卫生机构工作人员应当告知家属拨打殡仪馆 服务专线或政务服务便民热线接运遗体 ...

Core Insights - The article highlights the exceptional performance of the Yongying Technology Smart A fund, managed by Ren Jie, which achieved a record annual return of 233.29% in 2025, driven by significant holdings in stocks like Xinyi Sheng and Shenghong Technology, both of which saw cumulative increases exceeding 10 times during 2024-2025 [1] - The analysis of A-shares over the past decade reveals that public funds have consistently played a crucial role in the rise of "tenfold stocks" during three notable bull markets, with deep involvement in stocks like Tonghuashun and Yiyuan Lithium Energy [1][2] Investment Logic for Tenfold Stocks - Each bull market is characterized by distinct themes, with public funds aligning their investment strategies closely with policy directions and industrial changes. For instance, during the "leverage bull" from 2014-2015, funds focused on sectors like finance and defense, leading to significant gains in stocks like Tonghuashun and Guangqi Technology [2] - The "core asset bull" from 2019-2021 saw funds targeting high-growth, high-barrier stocks, reflecting a shift towards quality investments amid consumption and industrial upgrades [2][3] Performance Metrics of Tenfold Stocks - The article notes that the average compound profit growth rate of tenfold stocks during the 2019-2021 period was 69.61%, with an average price increase of 12.9 times. Notable examples include Sunshine Power, which saw a price increase of 15.54 times, and Shanxi Fenjiu, benefiting from consumption upgrades [3] - In the 2024-2025 market, driven by policies promoting technological self-reliance, funds focused on tech companies with core technologies, leading to significant profit growth for stocks like Xinyi Sheng and Shenghong Technology, with peak fund holding ratios of 40.65% and 23.68%, respectively [3] Fund Investment Strategies - Public funds have evolved their stock selection strategies from short-term trend capturing to long-term value digging, with a clear trajectory of improvement in selection capabilities. During the "leverage bull," funds primarily engaged in short-term speculation, while the "core asset bull" period saw a more in-depth analysis of company fundamentals [6][7] - The current strategy emphasizes forward-looking research and precise selection based on industry fundamentals, moving away from broad trend-following approaches to a more nuanced understanding of market dynamics [7] Practical Insights for Investors - Investors are advised to focus on funds' capabilities in core sectors, as evidenced by the performance of funds like Yongying Technology Smart A, which significantly outperformed the market by concentrating on leading stocks [8] - The sustainability of fund holdings and their alignment with performance metrics is crucial for long-term returns. Stocks that consistently deliver earnings, like Yiyuan Lithium Energy, have proven to be beneficial for funds, while those reliant on external events may pose higher risks [9] - Maintaining a diversified investment portfolio is essential for risk management, as concentrated funds may face volatility during industry rotations. Investors should consider allocating funds across various themes to balance opportunities and risks [9]

这充分体现了中欧双方的对话精神和磋商成果。中欧双方有能力、有意愿，在世贸组织规则框架下，通过对话 磋商妥善化解分歧，维护中欧及全球汽车产业链供应链稳定。这不仅有利于中欧经贸关系健康发展，也有利于 维护以规则为基础的国际贸易秩序。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 来源：商务部网站 责编：汪云鹏 校对： 陶谦 原标题：商务部关于中欧电动汽车案磋商进展的通报 百万用户都在看 "降息大门关闭！"美联储，预期突变！美国重磅数据出炉！ 美国公民，立即撤离委内瑞拉！特朗普宣布进入国家紧急状态！马杜罗发声：在监狱"一切都好" 利好突现！A50，异动！ 大动作！"国家队"，重磅出手！ 中共中央政治局常务委员会召开会议 刚刚，暴涨超90%！人工智能，重磅来袭！ 为落实中欧领导人会晤共识，妥善解决欧盟对华电动汽车案，中欧双方本着相互尊重的态度，进行了多轮磋 商。双方一致认为，有必要向对欧盟出口纯电动汽车的中国出口商，提供关于价格承诺的通用指导，以便中国 出口商可通过更加实用、有针对性且符合世贸组织规则的方式，解决相关关注。 违法和不良信息举报电话：0755-83514034 邮箱 ...

Group 1 - The core viewpoint of the article emphasizes the need for market risk control in the precious metals sector due to significant price volatility and rising uncertainty influenced by multiple factors [1] - The Shanghai Gold Exchange has issued a notification urging member units to closely monitor market changes and to refine risk emergency plans to maintain market stability [1] - Investors are advised to take precautions against risks, manage their positions wisely, and engage in rational investment practices [1]

Core Insights - The article highlights the increasing momentum in the brain-computer interface (BCI) sector, with significant developments such as the IPO application of Qiangnao Technology and the establishment of new industry standards by the National Medical Products Administration [1][4][7] Group 1: Company Developments - Qiangnao Technology has reportedly submitted a confidential IPO application in Hong Kong, indicating strong market interest and potential for growth in the BCI sector [1][4] - The company has completed approximately 2 billion yuan in financing, with investors including IDG, Huaden International, and Lens Technology, showcasing strong capital recognition and industry collaboration expectations [4] - Lens Technology, a strategic investor in Qiangnao Technology, has seen its market value exceed 200 billion yuan and is actively involved in the mass production of core hardware modules for Qiangnao [1][4] Group 2: Industry Trends - The BCI industry is experiencing rapid growth, with projections indicating that the global market could reach $12.4 billion by 2034 and the Chinese market could reach 6.14 billion yuan by 2028 [8] - The industry is transitioning from research and development to commercialization, with various segments such as invasive, semi-invasive, and non-invasive approaches gaining attention [8] - The Chinese government is strengthening its top-level planning for the BCI sector, with initiatives like the "Brain-Computer Interface Industry Innovation Development Action Plan (2025-2028)" highlighting national support for the industry [7] Group 3: Technological Advancements - The focus on non-invasive BCI technologies is growing, with companies exploring dual-driven models combining medical and consumer applications, which are expected to accelerate commercialization [8] - The upcoming J.P. Morgan Healthcare Conference is anticipated to provide insights into the latest developments in the global pharmaceutical and biotechnology sectors, including BCI technologies [5]

应国务院总理李强邀请，加拿大总理卡尼将于1月14日至17日对中国进行正式访问。 来源：外交部网站 校对：刘榕枝 百万用户都在看 突发！鲍威尔，被刑事调查！美元、美股，全线下跌！ "降息大门关闭！"美联储，预期突变！美国重磅数据出炉！ 利好突现！A50，异动！ 大动作！"国家队"，重磅出手！ 中共中央政治局常务委员会召开会议 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：罗晓霞 据外交部消息，1月12日，外交部发言人宣布： 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F ...

Core Viewpoint - The AI concept stocks have experienced a significant surge, with A-shares' major indices collectively rising, and the AI sector seeing over 150 stocks with gains exceeding 10% [1][2]. Market Performance - On January 12, A-shares saw the Shanghai Composite Index rise by 1.09%, marking a 17-day winning streak and reaching a 10-year high. The Shenzhen Component and ChiNext Index increased by 1.75% and 1.82%, respectively. The total trading volume exceeded 3.6 trillion yuan, setting a historical record [1]. - The AI marketing index surged over 10%, with specific indices like Zhiyu AI and multimodal AI rising over 8%, and AIGC and AI agent indices increasing over 7% [2]. Government Initiatives - The Minister of Industry and Information Technology, Li Lecheng, announced plans to implement the "Artificial Intelligence + Manufacturing" initiative, focusing on developing general and industry-specific large models and fostering key industry intelligent entities [1][2]. Industry Trends - The AGI—Next summit highlighted a shift in large model competition from mere chat capabilities to intelligent agents capable of performing complex tasks in real environments. The year 2026 is anticipated to be pivotal for the practical application of these models in business processes [2]. - According to Dongfang Securities, AI is expected to transition from technological innovation to industrial application and global rule-making by 2026, with retail sectors benefiting significantly from AI-driven logic [3]. AI Infrastructure Development - The CES 2026 showcased advancements in AI computing power, with companies like NVIDIA and AMD unveiling new platforms and products aimed at enhancing AI capabilities [5][6]. - Continuous improvements in global AI infrastructure are expected to drive the growth of the AI industry, with domestic models in China also advancing towards practical applications across various sectors [6]. Investment Opportunities - Analysts recommend focusing on AI applications with revenue-generating potential, including AI marketing, short-form content generation, AI e-commerce, and gamified AI experiences [7]. - The year 2026 is projected to mark the widespread adoption of edge AI applications in areas such as smart driving, embodied robotics, and assisted healthcare [7].

1月12日，外交部发言人毛宁主持例行记者会。 日本朝日新闻记者提问，关于中国对日本出口稀土一事，据报道，包括明确民事用途在内的稀土对日本出 口许可审查被暂停，中国企业通知部分日本企业将不再签订新的稀土合同等，请问您是否了解以上情况？ 另外，商务部曾提到加强两用物项对日本出口管制不会影响民事用途的出口，出现上述情况是因为受到了 措施的影响吗？ 毛宁表示，具体的情况建议你向中方的主管部门了解。我想说的是，中方依法依规采取有关措施，完全是 正当合理合法。 来源：北京日报客户端 责编：罗晓霞 校对：刘榕枝 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知 ...