1月13日，外交部发言人毛宁主持例行记者会。 特朗普称将对伊朗的贸易伙伴征收25%关税 外交部回应 有记者问：美国总统特朗普12日下午在社交媒体发文称，任何与伊朗伊斯兰共和国开展商业往来 的国家，在与美国进行的任何商业活动中都将被征收25%的关税。对此如何评论？ 责编：万健祎 校对： 刘星莹 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 毛宁表示，中方在关税问题上的立场非常明确，关税战没有赢家。中方将坚定维护自身的正当合 法权益。 是否建议中国公民前往伊朗旅游？外交部回应 有记者问：在当前伊朗局势下，中国是否仍建议公民前往伊朗旅游？ 毛宁表示，我们正在密切关注伊朗局势的发展，我们会采取一切必要的措施保护中国公民的安 全。 白宫称正考虑针对伊朗的军事选项 外交部回应 有记者问：美国警告美国公民立即离开伊朗。与此同时，白宫表示针对该国的军事选项正在考虑 之中。美国媒体报道称，网络战和心理战选项也在考虑范围内。您对伊朗近期的事态发展有何评 论？ 毛宁表示，中方希望并支持伊朗保持国家稳定。我们一贯反对干涉别国内政，反对在国际关系中 使用或 ...

Core Viewpoint - Rongchang Biopharma signed an exclusive licensing agreement with AbbVie for RC148, a novel bispecific antibody targeting PD-1/VEGF, with a total deal value of up to $5.6 billion (approximately 39 billion RMB) and an upfront payment of $650 million [1][3]. Group 1: Licensing Agreement Details - The agreement grants AbbVie exclusive rights to develop, manufacture, and commercialize RC148 outside Greater China, with Rongchang Biopharma eligible for up to $4.95 billion in milestone payments and a double-digit royalty on net sales outside Greater China [3]. - This deal marks a new high for Rongchang Biopharma in terms of both upfront payment and potential total deal value compared to previous licensing agreements since its Hong Kong listing in 2020 [3]. Group 2: Market Impact - Following the announcement, Rongchang Biopharma's A-shares hit a 20% limit up, and the Hong Kong innovative drug ETF rose over 3%, with the A-share innovative drug sector increasing by over 2.7% [1]. - Significant stock price increases were observed in companies like Nossg, Prasis, and Huaren Health [1]. Group 3: Industry Developments - In the same week, five business development (BD) deals were reported in the innovative drug sector, showcasing China's leading position across various technology fields [6]. - Notable events included the collaboration of Kangfang Biopharma with Summit for AK112's BLA submission in the U.S. and the initiation of global Phase III trials for PF-08634404/SSGJ-707 by 3SBio and Pfizer [4]. Group 4: Market Trends and Valuation - Since the peak of the Hong Kong innovative drug index in September 2025, it has retraced 24%, while the U.S. biotech indices have seen gains of 18% to 29% [7]. - Despite not being at historical lows, the valuation of Hong Kong innovative drugs remains attractive compared to global peers, indicating a growing disparity in asset values between U.S. and Chinese innovative drugs [7].

Core Viewpoint - The article discusses Guangzhou's initiative to promote high-quality development in the integrated circuit industry, aligning with national strategies and seeking public input on relevant policies [1]. Group 1: Policy Support - The city aims to secure support from the National Integrated Circuit Industry Fund for major project construction and encourage social capital participation in mergers and acquisitions within the integrated circuit sector [2]. - Financial institutions and local organizations are encouraged to support project construction and enterprise operations through bank credit and financing leasing, with incentives for interest subsidies on significant projects [2]. - The policy promotes the use of multi-tiered capital markets for fundraising and encourages venture capital and private equity funds to invest in the integrated circuit field [2]. Group 2: Technological Development - There is a focus on accelerating the design of high-end general-purpose chips, including processors, storage chips, and edge computing chips [3]. - The initiative supports the development of specialized chips based on RISC-V architecture, automotive-grade, display drivers, sensors, optical communication, and 6G technologies [3]. - The policy includes financial support for companies achieving first-round chip production with independent intellectual property rights, offering subsidies of up to 50% of the production costs for qualifying enterprises [3].

美国司法部对美联储主席杰罗姆·鲍威尔发起刑事调查一事持续发酵，调查聚焦其对美联储总部翻新工程的处理及相关国会证词。 此举被鲍威尔直指为因降息节奏未达总统特朗普预期而发起的恐吓与报复。周一，该事件引发美国国会议员、华尔街投资机构及美联储和财政部前官员的 广泛关注与强烈反应，美联储独立性问题成为各方争议核心。 美国国会议员：共和党普遍反对调查 少数持观望态度 值得注意的是，鲍威尔的美联储主席任期将持续到今年5月，但他作为美联储理事的任期要到2028年才结束，这为事件后续发展增添了变数。 华尔街：警惕市场不稳定风险 担忧长期利率与美元地位受冲击 从市场表现来看，周一美债收益率虽走高但远低于早盘恐慌性高点，10年期收益率微涨1个基点；美债10年期拍卖获得稳健需求，中标收益率略低于投标 时的市场水平。期货市场显示，交易员仍预计今年仅降息两次，每次25个基点，与上周末预期一致，表明政府施压短期内不太可能影响美联储近期利率决 策。市场暂时保持韧性，但投资机构均强调风险犹存。 华尔街各大投资机构普遍认为，特朗普政府对鲍威尔的刑事调查可能引发市场不稳定，中长期将带来多重风险，尽管短期市场反应相对克制。 管理约9000亿美元资产 ...

2026年1月13日，上海市第一中级人民法院一审公开宣判原上海电气（集团）总公司党委书 记、董事长郑建华受贿、贪污、挪用公款、国有公司人员滥用职权案，对被告人郑建华以受 贿罪判处死刑，缓期二年执行，剥夺政治权利终身，并处没收个人全部财产；以贪污罪，判 处有期徒刑五年，并处罚金人民币二十万元；以挪用公款罪，判处有期徒刑十五年；以国有 公司人员滥用职权罪，判处有期徒刑七年；决定执行死刑，缓期二年执行，剥夺政治权利终 身，并处罚金人民币二十万元，没收个人全部财产。违法所得及收益予以追缴。 经审理查明：2003年至2021年，被告人郑建华利用职务上的便利，为他人提供帮助，索取或 非法收受他人给予的财物共计折合人民币1.56亿余元；2007年至2008年，郑建华利用职务 上的便利，伙同他人侵吞单位公款215万元；2018年上半年，郑建华利用职务上的便利，挪 用公款借贷给他人使用，至案发，尚有7亿余元未归还；2015年至2021年，郑建华为营造个 人政绩与谋取个人私利，违反规定，滥用职权，致使国家利益遭受特别重大损失。 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 ...

Core Viewpoint - DeepSeek released a new paper titled "Conditional Memory via Scalable Lookup: A New Axis of Sparsity for Large Language Models," which introduces conditional memory to enhance model performance in various tasks under equal parameters and computational conditions [1]. Group 1 - The paper was co-authored by Peking University and DeepSeek, with Liang Wenfeng listed as a co-author [1]. - Conditional memory is proposed to significantly improve model performance in knowledge retrieval, reasoning, coding, and mathematical tasks [1]. - DeepSeek has open-sourced a related memory module called Engram [1].

版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 声明表示，格陵兰岛的防务应通过北约来实现。 哥本哈根消息：格陵兰岛自治政府12日发布声明说， 格陵兰岛自治政府在任何情况下都无法接受 美国接管格陵兰岛。 声明说，格陵兰岛是丹麦王国的一部分，也是北约的一部分，格陵兰岛的 防务应通过北约来实现。 声明表示，格陵兰岛在未来任何时候都将是西方防务联盟的一部分。包括美国在内的所有北 约成员国在格陵兰岛防务问题上拥有共同利益。格陵兰岛自治政府将与丹麦一道，推动在北 约框架内开展格陵兰岛的防务事务。 格陵兰岛位于北美洲东北方，是世界第一大岛，也是丹麦自治领地，有高度自治权，国防和 外交事务由丹麦政府掌管。美国目前在格陵兰岛设有一处军事基地。美国总统特朗普2025年 上任以来多次扬言要得到格陵兰岛，并声称不排除动用武力的可能性。 来源：新华社 责编：叶舒筠 校对： 刘星莹 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 ...

两融余额单日增长额约465亿元。 A股两融交易额创出历史新高 两融交易活跃度进一步提升。 两融相对比例离历史高位仍有较大距离 不过，值得一提的是，尽管两融交易额和两融余额均创出历史新高，但反映两融相对规模的一些比例指标仍保持相对稳定。 据Wind统计口径，截至2026年1月12日，两融余额占A股流通市值的比例为2.56%，较2025年的平均水平略高（2025年两融余额占A股流通市值的 比例平均值为2.41%），但离历史高峰期仍有很大距离。两融余额占A股流通市值的比例的高峰期出现在2015年5月至2015年7月间，当时一度超 过4%。 另外，2026年1月12日当天，两融交易额占A股成交额的比例为11.72%，亦较2025年的平均水平有所提升（2025年两融交易额占A股成交额的比例 的平均值为9.85%），但离历史峰值仍相隔较远，这一比例的历史高峰值密集出现在2015年一季度，当时一度超过20%。 责编：叶舒筠 校对： 刘星莹 数据显示，2026年1月12日，A股市场两融交易额约4272亿元，创出历史新高。这里面，当天A股市场融资买入约4263亿元，同样创出历史新高。 值得注意的是，截至目前，A股市场历史上仅有 ...

Core Viewpoint - The State Council's recent meeting has outlined a comprehensive policy package aimed at promoting domestic demand through financial and fiscal collaboration, particularly focusing on enhancing consumer spending capacity through optimized loan subsidy policies [1] Group 1: Policy Implementation - The "double subsidy" policy will optimize the implementation of loans for service industry entities and personal consumption loans, aiming to increase the supply of quality services and enhance consumer spending ability [1] - The policy includes a 1% interest subsidy for personal consumption loans under certain conditions, with a maximum subsidy of 3,000 yuan per borrower for loans above 50,000 yuan [3] Group 2: Financial Institution Participation - The initial batch of institutions eligible for the subsidy includes 18 national commercial banks and several leading consumer finance companies, with expectations for the expansion of eligible institutions in future policy adjustments [4] - Financial institutions have increased credit issuance in the consumer sector, with significant loan disbursements reported by major state-owned banks [3] Group 3: Regional Policy Adaptation - Several provinces, including Chongqing, Sichuan, and Guizhou, have already included local banks in the subsidy policy, demonstrating a trend towards regional adaptation of the national policy [6] - The "national subsidy + local subsidy" model is expected to be adopted by more provinces, enhancing policy coverage and efficiency in reaching consumers [6] Group 4: Future Policy Optimization - Future policy evaluations may lead to the extension of the subsidy period and adjustments in the range of supported institutions, with a focus on managing financial risks and ensuring effective policy execution [9] - Recommendations for optimizing the subsidy policy include establishing differentiated subsidy strategies based on regional development levels and specific consumer needs, as well as improving data sharing between government and financial institutions to streamline loan approval processes [10][11]

Core Viewpoint - Zhite New Materials (300986) has announced a stock suspension for investigation due to significant price fluctuations, with a stock price increase of 198.57% over six consecutive trading days, marking it as the best-performing stock in the A-share market this year [1][4]. Group 1: Stock Performance - Zhite New Materials' stock has achieved six consecutive "20cm" limit-up trading days since the beginning of the year [1]. - The stock price has increased by 198.57% from January 5 to January 12, 2026 [1][3]. - As of January 12, 2026, Zhite New Materials is the top performer in the A-share market for the year [1]. Group 2: Company Financials - For the fiscal year 2024, Zhite New Materials reported a revenue of 2.526 billion yuan and a net profit attributable to shareholders of 73.6951 million yuan [4]. - In the first three quarters of 2025, the company achieved a revenue of 2.023 billion yuan and a net profit of 118 million yuan attributable to shareholders [4]. Group 3: Related Market Activity - Other companies, such as *ST Chengchang (001270), have also announced stock suspensions due to abnormal trading fluctuations, indicating a broader trend in the market [4][10]. - A total of several A-share companies, including Shunhao Co., Aerospace Development, and others, have issued announcements regarding severe abnormal trading fluctuations [10].