当地时间23日上午，日本首相高市早苗在内阁会议上决定解散众议院。 分析人士认为，高市选择此时解散众议院的主要目的是想借当前国内的高支持率巩固政权。日本 山口大学名誉教授纐缬厚表示，高市如果不举行新选举而召开国会例会的话，其内阁很可能会因 经济、外交、献金丑闻等问题遭到严厉质询而失去支持，因此她希望在失分前强化政权进行博 弈。 本届日本国会众议院议员的任期原定于2028年10月届满。日本宪法规定，众议院选举后30天内 须召集国会，举行首相指名选举。 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。 来源：央视新闻 责编：叶舒筠 校对：高源 版权声明 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 十大明星私募访谈 丨 深夜，全线大涨！重磅数据发布 丨 000504，终止筹划重大资产重组 丨 利好！9部门重磅印发 丨 潘功胜：今年降准降息还有一定空间 丨 光模块飙升！300308成交额A股第一 丨 外交部回应美国 领导人达沃斯涉华言论 丨 科技利好！深圳重大发布！ 丨 特朗普取消对欧关税威胁！美股收高！ 丨 回应 ...

据新华社报道，商务部新闻发言人何咏前此前在回答关于TikTok将在美成立合资公司的有关 提问时说，中国政府希望企业达成符合中国法律法规、利益平衡的解决方案。 北京时间1月23日，TikTok发布公告称，已成立TikTok美国数据安全合资有限责任公司 （TikTok USDS Joint Venture LLC）。该合资公司将负责TikTok美国的数据保护、算法 安全、内容审核及软件保障。 公告提到，TikTok美国数据安全合资公司中，甲⻣⽂、银湖资本、MGX各持股15%。其他投资⽅包括 海纳国际集团关联企业Vastmere战略投资有限责任公司、Alpha Wave Partners等多家企业。其中，字节 跳动保留19.9%的股份，仍为合资公司最大单一股东。合资公司还将由一个七人组成的董事会管理，董 事会成员包括TikTok CEO周受资等。 去年9月20日，字节跳动发布公告称："将按照中国法律要求推进相关工作，让TikTok美国公司继续服务 好广大美国用户。" 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 十大明星私募访谈 丨 深夜，全线大涨！重磅数据发 ...

当地时间1月22日，美股三大指数集体收涨，道琼斯指数涨0.63%，标普500指数涨0.55%，纳斯达克指数涨0.91%。纳斯达克中国金龙指数涨 1.58%，阿里巴巴涨幅超过5%。现货黄金、白银价格纷纷创下历史新高。 同一天，美国正式完成了退出世卫组织的法律步骤。此外，特朗普对美国最大银行摩根大通集团及其首席执行官杰米·戴蒙发起诉讼，索赔至少 50亿美元。 英特尔盘后大跌，中概股普涨 当地时间周四，美股大型科技股多数收涨，英特尔涨超11%，AMD涨超7%，特斯拉、英伟达涨近3%，谷歌涨近2%，高通涨超1%，苹果、亚马 逊小幅上涨。微软、奈飞跌超2%，甲骨文跌超3%。 不过截至北京时间1月23日早上7点，计算机零件和半导体芯片制造商英特尔盘后下跌超12%。据英特尔公布的2025年第四季度（截至2025年12月 27日）及全年财务报告，英特尔第四季度营收136.7亿美元，超出市场预期，但同比下降超4%。在通用会计准则(GAAP)下，公司四季度净亏损达 到6亿美元，远超2024年同期的净亏损。盘后股价下跌，主要受其发布的2026年一季度业绩指引表现疲软影响，英特尔预计2026年第一季度营收 将在117亿至127亿美元 ...

成长期企业融资困局待解 "C轮死"魔咒背后存四大症结 "以前总说'C轮死'，没想到这么多年过去，这个魔咒还是没被打破。"近期一位投资人的 感慨，戳中了成长期创业企业的集体痛点。 在创投市场，如今已呈现哑铃式融资格局：早期项目靠技术故事吸引资本，成熟期企业 凭稳定业绩冲击IPO，而成长期企业却卡在一个"中间地带"：既没了早期估值的吸引力， 又还没具备成熟期的流动性与"造血"能力，融资难成为横在它们面前的一道鸿沟。这道 鸿沟为何迟迟难以填平？有何破局之道？值得整个行业静下心来深思。 B轮成了"融资坎" "去年我们看了约200个成长期项目，没有一个能达到我们的投资安全边际，最终一个都 没法出手。"融创投资创始合伙人赵俊峰无奈说道。在他看来，所谓的"投资安全边际"， 即企业拥有正向经营现金流，而非账面上不断累积的应收账款与大量存货，不然就不是 高质量增长的表现。 华南一券商资深投行人士解枫（化名）对此有同感："我接触过不少这类卡在中间的企 业。比如一家做非侵入式脑机接口的公司，产品性能已达标，但偏偏卡在商业化落地很 难推进，没有医疗渠道和经销商资源，量产又需要大额预付资金，资金压力陡增。结果 就是B轮之后，早期投资人 ...

Group 1 - The core viewpoint of the article emphasizes the significant increase in investment support for equipment updates in 2026, with the first batch of 93.6 billion yuan in special long-term government bonds allocated to enhance economic stability and investment policies [1] - In 2025, investment in equipment and tools saw a year-on-year growth of 11.8%, accounting for nearly 20% of total fixed asset investment, highlighting its critical role in stabilizing investment fundamentals [1] - The current investment cycle in China is in its fourth round, with strong demand for equipment updates driven by systemic generational gaps in manufacturing, healthcare, and education sectors, with an estimated annual equipment update demand exceeding 5 trillion yuan in key areas like agriculture [1] Group 2 - The first batch of funds will support approximately 4,500 projects, leading to a total investment exceeding 460 billion yuan, covering key sectors such as industry, energy, education, and healthcare, while also extending policy benefits to areas like residential elevator upgrades [1] - The optimized equipment update policy will work in conjunction with recently introduced fiscal and financial collaborative policies to address various barriers to corporate investment, including alleviating concerns about investment risks and high financing costs [1] - In addition to supporting equipment updates, there has been a notable increase in major project construction efforts, with about 295 billion yuan allocated for early 2026 "two重" construction projects and central budget investments, indicating a robust start to the year [2]

Core Viewpoint - The article emphasizes the significant advancements in technological innovation and industrial collaboration in the Yangtze River Delta region during the 14th Five-Year Plan period, highlighting the importance of institutional innovation and collaborative frameworks for future development [1][3][4]. Group 1: Institutional Innovation and Collaboration - The Yangtze River Delta has enhanced its regional innovation system through institutional innovation, platform co-construction, and element interconnectivity, with the implementation of the "Decision on Promoting Collaborative Technological Innovation in the Yangtze River Delta" starting September 1, 2025 [3][4]. - Key initiatives include organizing joint projects annually, exploring mechanisms like "pay after use" for patents, and establishing a joint fund for basic research [3][4]. - The collaborative innovation community in the Yangtze River Delta has made significant progress, with 24 innovation alliances entering the pilot construction phase by the end of the 14th Five-Year Plan [3][4]. Group 2: Development of World-Class Industrial Clusters - The G60 Science and Innovation Corridor, which connects nine cities, has been established as a collaborative industrial network, enhancing the international influence of industrial clusters [6][7]. - The G60 corridor has evolved into a "nine-city linkage" model, facilitating a division of labor where research and development are concentrated in core areas while manufacturing occurs in surrounding regions [6][7]. - For instance, the localization rate of large aircraft manufacturing has increased from 10% to 60%, with significant contributions from various cities in the region [6][7]. Group 3: Future Industry Development - The Yangtze River Delta is pursuing an integrated approach to develop future industries, focusing on low-altitude economy infrastructure and cross-regional cooperation [7]. - Recent measures aim to enhance low-altitude infrastructure collaboration across the region, promoting efficient linkage between technology research, equipment manufacturing, and application scenarios [7]. Group 4: Deepening Integration and Overcoming Barriers - The 15th Five-Year Plan will focus on deepening integration in technological innovation, with Shanghai positioned as a resource organizer for regional innovation [9][10]. - Despite notable achievements, challenges remain due to administrative barriers that hinder deeper collaboration, particularly in talent evaluation and cross-regional cooperation [9][10]. - The goal is to transition from "institutional integration" to "deep symbiosis," ensuring a robust system for original innovation and industrial collaboration [10].

重要的消息有哪些 1月23日（周五）申购提示 世盟股份申购代码为001220，发行价28.00元/股，申购上限0.9万股。 投资有风险，申购需谨慎。 1.中国人民银行党委书记、行长潘功胜接受访问表示，2026年，中国人民银行将继续实施好适度宽松的货币政策，把促进经济稳定增长、物价 合理回升作为货币政策的重要考量，发挥增量政策和存量政策集成效应，为经济稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融 环境，为实现"十五五"良好开局提供有力的金融支撑。总量政策方面，灵活高效运用降准降息等多种货币政策工具，保持流动性充裕，使社会 融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今年降准降息还有一定的空间。 2.为保持银行体系流动性充裕，2026年1月23日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展9000亿元MLF操作，期限为 1年期。 3.为切实维护消费者合法权益，促进产业高质量发展，国务院食安办组织国家卫生健康委、市场监管总局等部门起草了《食品安全国家标准 预 制菜》《预制菜术语和分类》草案；会同市场监管总局、商务部等部门起草了关于推广餐饮环节菜品加工制作方式自主明示的公告 ...

Core Viewpoint - The article discusses the launch of China's first commercial space tourism initiative by Chuangyue (穿越者), highlighting the first group of space tourists and the company's ambitious plans for future space travel [2][4][13]. Group 1: Space Tourists and Their Stories - The first group of space tourists includes notable figures such as 85-year-old Chinese Academy of Engineering member Li Lihua and CMO of Zhiyuan Robotics Qiu Heng, who is recognized as the "001" space tourist [2][6]. - Qiu Heng shared his journey of purchasing the first commercial space ticket in China, expressing his long-held dream of experiencing space travel and how advancements in AI technology made this dream more feasible [6]. - Fu Zhekuan, chairman of Qif Capital and "015" space tourist, mentioned his investment in Chuangyue during its early stages, viewing the opportunity to become a space tourist as part of his due diligence [7]. Group 2: Company Developments and Future Plans - Chuangyue's first manned spacecraft, "Chuangyue One (CYZ1)," is expected to achieve its first manned flight by 2028, with tickets priced at 3 million yuan, requiring a 10% deposit to secure a spot [4][13]. - The company has already booked over 20 space tourists across more than three spacecraft [8]. - Chuangyue's CEO Lei Shiqing outlined a three-phase plan for space exploration: the first phase involves suborbital flights by 2028, the second phase includes orbital stays by 2032, and the third phase aims for lunar missions by 2038 [13]. Group 3: Market Potential and Industry Context - The article emphasizes the emerging consumer space tourism market, which is projected to reach a trillion yuan scale, marking a significant opportunity for commercial space ventures [13]. - Lei Shiqing noted that while China's commercial space sector has developed over the past decade, there remains a need for stable and sustainable commercial demand, which space tourism can fulfill [14].

Economic Data Release - On January 22, the U.S. Department of Commerce and the Bureau of Labor Statistics released multiple macroeconomic data, leading to a collective high opening of the U.S. stock market [1][5]. Price Indicators - The core PCE index for Q3 2025 showed an annualized final value increase of 2.9%, matching expectations, while the PCE price index increased by 2.8%, below the expected 3.5% [3]. - The core CPI for November 2025 rose by 2.6%, down from 3% in September, indicating a potential decrease in PCE data for the same month [3]. Employment Data - Initial jobless claims for the previous week were reported at 200,000, below the expected 210,000, with the four-week average revised to 201,500 [4]. - Continuing claims were at 1.849 million, also below expectations of 1.9 million [4]. GDP Growth - The annualized real GDP growth rate for Q3 2025 was reported at 4.4%, slightly above the expected 4.3% [4]. - The total annualized real GDP for Q3 2025 was finalized at $240.268 billion, slightly revised from the initial estimate [4]. Stock Market Performance - The U.S. stock market saw a rebound, with major indices rising over 1% on January 21 due to easing geopolitical tensions following President Trump's decision to abandon tariff increases on eight European countries [6][7]. - As of January 22, the Dow Jones increased by 0.93%, the S&P 500 by 0.75%, and the Nasdaq by 0.96% [7][8]. Sector Performance - Major technology stocks experienced gains, with Meta rising over 3% and other tech giants like Google and Nvidia increasing by over 1% [8][9]. - Bank stocks also saw significant increases, with Deutsche Bank rising nearly 3% and other major banks gaining over 1% [9]. Market Sentiment - The easing of geopolitical concerns has led to a reversal of recent sell-offs, particularly benefiting traditional value sectors such as financials and energy [9].

Core Viewpoint - Turkey's central bank has initiated a rate cut, reducing the benchmark interest rate from 38% to 37%, marking the first rate cut since 2026 [2]. Group 1: Monetary Policy Changes - On January 22, 2026, Turkey's central bank announced a 100 basis point reduction in the benchmark interest rate to 37% [2]. - The central bank stated that despite potential monthly fluctuations in the Consumer Price Index (CPI) due to rising food prices, the overall inflation trend is declining [2]. - The central bank will maintain a tight monetary policy stance until the price stability target is achieved [3]. Group 2: Historical Context of Inflation and Interest Rates - Turkey experienced a peak inflation rate of 85.5% in October 2022, prompting the central bank to restart the interest rate hike cycle in mid-2023 [3]. - By March 2024, the benchmark interest rate was raised to a high of 50%, but the central bank began a rate cut cycle again by the end of 2024 [3]. - The benchmark interest rate has been gradually reduced since then, with specific cuts recorded in 2025: - July: down 300 basis points to 43% - September: down 250 basis points to 40.5% - October: down 100 basis points to 39.5% - December: down 150 basis points to 38% [4]. Group 3: Economic Growth Projections - The International Monetary Fund (IMF) has raised its economic growth forecasts for Turkey, projecting a growth rate of 4.2% for 2026 and 4.1% for 2027, up from previous estimates of 3.7% [5]. - The IMF noted a significant difference between service and goods inflation in Turkey, with service prices showing more resilience to exchange rate shocks but exhibiting a more persistent inflation pattern [5].