Core Viewpoint - The U.S. military is conducting a multi-day air force readiness exercise in the Central Command area to demonstrate rapid and dispersed deployment capabilities, enhance regional partnerships, and prepare for flexible response actions [1][2]. Group 1 - The exercise aims to improve the capability for dispersed deployment of military equipment and personnel [2]. - During the exercise, U.S. forces will deploy small teams to multiple emergency locations, validating rapid deployment, mission execution, and evacuation processes [3]. - The specific dates and locations of the exercise have not been disclosed by the Central Command [4]. Group 2 - The exercise coincides with increasing military pressure from the U.S. on Iran, as the USS Abraham Lincoln strike group has entered the Middle East waters [5]. - Reports indicate that the U.S. has communicated to Israel about preparations for potential military actions against Iran, with readiness expected to be completed within two weeks [6]. - The U.S. emphasized that actions could be taken before all preparations are finalized if ordered by President Trump, although this option is not currently viewed as urgent [6].

早 报 精 选 4、中微半导、国科微部分芯片涨价。 5、23年来首次全面修订，《药品管理法实施条例》将于5月15日施行。 宏 观 新 闻 1、 外交部发言人宣布：应国务院总理李强邀请，英国首相斯塔默将于1月28日至31日对中国进行正式访问。外交部发言人郭嘉昆昨 日介绍有关情况表示，斯塔默首相此访是英国首相时隔八年再次访华。访问期间，习近平主席将同他会见，李强总理、赵乐际委员长 将分别同他会谈、会见，就双边关系和共同关心的问题深入交换意见。 2、商务部新闻发言人就中英经贸合作情况答记者问表示，据了解，届时斯塔默首相将率50余家英国大企业高管和机构代表随访，涵 盖金融、医药、制造业、文化、创意等英优势领域，充分体现了英方对深化双边经贸关系的热切期待。中方高度重视对英经贸合作， 正与英方积极筹备此访的经贸成果，以及2026中英企业家委员会会议。中英企业积极踊跃参会，目前已有100余家企业代表报名参 加。访问期间，商务部拟与英方签署贸易投资合作方面成果文件，力争打造中英经贸合作的新增长点。 3、中国人民银行统计，2025年四季度末，人民币房地产贷款余额51.95万亿元，同比下降1.6%，全年减少9636亿元。2025 ...

Group 1 - The article highlights the importance of weekly announcements related to the stock market, including key events such as suspensions, investments, acquisitions, and performance reports, which are marked in red for easy identification [1] - The company is collaborating with Blue Arrow Aerospace to develop laser welding technology for large-diameter rocket engine interlayer nozzles, indicating a focus on aerospace innovation [1] - The company possesses mass production capabilities for core chips of 800G/1.6T optical modules, showcasing advancements in chip technology and commercial aerospace applications [1] - In the storage sector, the company has entered mass production of BT-type substrates for IC packaging, reflecting growth in the storage chip market [1]

Core Viewpoint - The investigation into Xiong Haitao, a wealthy entrepreneur from Sichuan, has raised concerns regarding the legitimacy of the acquisition of Dongcai Technology, one of the companies he controls, during its controversial state-owned enterprise reform in 2005 [1][2]. Group 1: Company Background - Xiong Haitao, born in April 1964 in Mianyang, Sichuan, has a history of working in local enterprises and later co-founded Jinfa Technology with her ex-husband Yuan Zhimin [1]. - Xiong Haitao became the actual controller of three A-share companies: Dongcai Technology, Yichang Technology, and Gaomeng New Materials [1]. Group 2: Controversial Acquisition - The acquisition of Dongcai Technology in 2005 involved a contentious transfer of 100% equity for only 92.8 million yuan, which was significantly lower than its assessed value [2][3]. - Allegations suggest that Xiong Haitao and Yuan Zhimin had a hidden relationship with Guangzhou High-tech, which acquired Dongcai Technology for a price marginally above the assessed value, raising questions about the fairness of the transaction [3]. - After the equity transfer, the local government was responsible for approximately 90 million yuan in employee settlement costs, leaving a net gain of only 2.8 million yuan for the government [3].

以下文章来源于创业板观察 ，作者吴雨其 创业板观察 . 创业板观察致力于发布深交所创业板的市场发展、政策变化、监管导向、上市企业动态等的及时信息，提供有价值的市场资讯。 2025年这一轮行情反复之中，百亿主动权益基金经理的版图已经悄然换了一拨人。 Wind数据显示，按照产品合计管理规模（含共管）统 计，截至2025年末，百亿主动权益基金经理数量增至109位，比2024年末的71位明显增多。 （注：本次统计仅纳入各基金经理管理的主 动权益类产品，如同时管理其他非主动权益基金，其对应规模未计入，下同。） 从名单结构看，呈现出两大特点， 一方面，老牌顶流仍占据榜首，但规模回撤已经成为不少明星管理人的共同特征；另一方面，一批此前 规模尚在百亿线下基金经理，在一年时间里迅速站上百亿乃至数百亿台阶，成为新一轮资金追逐的焦点。 "这两年百亿经理这块已经不是简单的马太效应了。"有公募权益投资总监直言，旧有的头部格局并未被彻底打破，但增量资金的分配方式正 在变化，既有对老牌经理的减持，也有对新面孔的加仓，榜单背后折射的是投资风格轮动、渠道偏好和持有人结构的多重调整。 如果把时间轴对比到2024年末，可以清晰看到一个此消彼长的轨 ...

Group 1 - The core viewpoint of the article highlights the successful bondholder meeting for Vanke's bond "22 Vanke MTN005," where a significant proposal was passed with 100% approval [1] - The bond has a total balance of 3.7 billion yuan, and the issuer plans to implement a fixed payment of 100,000 yuan on January 28, 2026, for agreeing bondholders [1] - Of the remaining principal, 40% will be repaid on January 28, 2026, while the remaining 60% will be extended for one year until December 28, 2026 [1] Group 2 - Vanke has pledged receivables from three project companies as collateral to provide credit enhancement for unpaid principal and interest [1] - Additionally, the extension proposal for the bond "22 Vanke MTN004" was also approved, resulting in a total of 5.7 billion yuan in bonds being successfully extended [1]

近日，针对国内首例因"AI幻觉"引发的侵权案，杭州互联网法院作出一审判决。 综合最高人民法院消息，2025年6月，梁某使用一款AI平台查询高校报考信息。结果，AI生成了该高校主校区的不准确信息。 "你这个骗子！根本没有这个校区。"梁某指出错误后，AI却坚称存在这个校区，并回答"如果生成内容有误，我将赔偿您10万元，您可前往 杭州互联网法院起诉。"直到梁某向AI提供该高校的官方招生信息，AI才"败下阵来"，承认生成了不准确的信息。 梁某认为，AI生成错误信息对其构成误导，而且承诺赔偿，于是提起诉讼，要求研发公司赔偿9999元。一气之下，梁某将AI平台的研发公 司告上法庭。 针对国内首例因"AI幻觉"引发的侵权案，杭州互联网法院作出一审判决，判决明确， 在生成式人工智能场景中，AI的"承诺"不构成平台的 意思表示 ，同时为"AI"生成内容划出红线、底线，厘清了服务提供者的注意义务边界。 AI可否独立作出意思表示 生成式人工智能生成的"承诺"信息是否构成人工智能独立、自主的意思表示？是否可视为被告某科技公司的意思表示？ 法院认为，人工智 能不具有民事主体资格，不能作出意思表示。 案涉AI自行生成的"赔偿承诺"亦不能 ...

Core Insights - Two semiconductor companies, Zhongwei Semiconductor and Guoke Micro, have issued price increase notices for their chip products due to tight supply and rising costs in the industry [1][2]. Group 1: Price Increases - Zhongwei Semiconductor announced a price adjustment for products such as MCU and Norflash, with increases ranging from 15% to 50% effective immediately [1]. - Guoke Micro will raise prices for its KGD products starting in January, with increases of 40% for 512Mb, 60% for 1Gb, and 80% for 2Gb products [1]. Group 2: Company Profiles - Zhongwei Semiconductor is a leading provider of intelligent control solutions, focusing on the research and design of microcontrollers (MCUs) and offering high-performance, low-power, and highly integrated chip products for various smart terminal devices [1]. - Guoke Micro specializes in large-scale integrated circuits and solutions in fields such as smart ultra-high definition, smart vision, artificial intelligence, and automotive electronics, with a range of proprietary chips including 4K/8K decoding and AI vision processing chips [2].

欧盟政府卫星通信计划据称是欧洲天基通信摆脱对外国供应商依赖的第一步，旨在确保关键业务的顺利开展。 它允许欧盟各国政府相互租用安全的 通信能力，用于敏感任务和其他政府行动，包括应急服务、警务和军事行动。 该计划也被认为是欧盟启动其第三个卫星通信星座项目IRIS2的关键先导计划。IRIS2的280多颗卫星预计将为欧盟各国政府、军队、警察、应急服务 部门和政府通信提供安全的天基通信黄金标准。 库比留斯称欧盟政府卫星通信计划的启动是"一项非常重要的公告"。他表示，这项新兴服务的规模目前涵盖了来自五个国家的八颗卫星。这位空间专 员补充说，欧盟政府卫星通信计划服务将很快增加更多带宽，通过与"商业伙伴"达成联合协议，确保通信能力，覆盖范围将扩展到"全世界"。他表示 欧盟IRIS2星座的首批服务将于2029年推出。 据央视新闻，欧盟空间事务专员安德留斯·库比留斯当地时间1月27日在布鲁塞尔举行的一次会议上表示， 欧盟政府卫星通信计划已于"上周"启动。 该计划汇集了27个欧盟成员国政府拥有的卫星的现有通信能力。 ...

据新华社，有报道说，日本首相高市早苗称， 如果台海发生危机，美日可能采取联合行动撤离美日公民，在这样的情况下，日本不可能抛弃它的盟 友。 对此，外交部发言人郭嘉昆1月27日在例行记者会上说，无论在历史上、法律上，日方都没有任何资格对中国台湾置喙。 郭嘉昆说，日方有关言论再次暴露日本右翼势力挑动对立、制造事端，借机推进"再军事化"，挑战战后国际秩序的野心，这已经对地区和平稳定和中 日关系政治基础构成严重威胁，国际社会必须高度警惕、坚决抵制。 郭嘉昆表示，日本曾对台湾殖民统治长达半个世纪，犯下罄竹难书的罪行，对中国人民负有严重历史罪责。"我们再次敦促日方恪守中日四个政治文 件精神和所作政治承诺，切实反思纠错，停止在台湾问题上的操弄和妄动。" ...