Core Viewpoint - China Railway (00390) has seen a significant increase of over 5%, currently trading at 4.72 HKD with a transaction volume of 128 million HKD, driven by positive news regarding its mining investments [1] Group 1: Company Developments - CITIC Securities recently reported that China Railway's associate, Zhongjin (Xing'an League) Mining, won the exploration rights for the Fuxingtun Silver-Lead-Zinc polymetallic mine for 7.87 billion RMB [1] - The mine has confirmed silver ore reserves of 26.29 million tons, with a silver metal content of 5,105 tons and an average grade of 194.2 grams per ton, alongside associated zinc and lead metals of 235,700 tons and 135,200 tons respectively [1] - Preliminary estimates suggest an annual incremental investment return of 1.07 billion RMB, which would account for 35.6% of China Railway's net profit attributable to shareholders in 2024 [1] Group 2: Resource Sector Impact - The company currently operates five mines and is constructing the Mongolia Mukhal Lead-Zinc Mine, with the newly acquired mining rights expected to significantly enhance profitability in the resource sector [1]

来源：滚动播报 力拓财年销售额为576.38亿美元，而预估为569.92亿美元。 ...

Core Viewpoint - The article highlights the dedication of Chinese builders who continue to work on overseas projects during the Spring Festival, showcasing their commitment to national development and international cooperation [2][3][6]. Group 1: Project Highlights - The China-Kyrgyzstan-Uzbekistan railway project, a key initiative under the Belt and Road Initiative, is in the critical construction phase, aiming to enhance international logistics in Central Asia [2][3]. - The Hungary section of the Hungary-Serbia railway project successfully completed a dynamic test at a speed of 160 km/h, significantly reducing travel time between the capitals of Hungary and Serbia from 8 hours to approximately 3 hours [3]. - The construction of the largest single bridge project in Malaysia, the Lubuk Bridge, is expected to be completed by June this year, improving transportation in the coastal region of Sarawak [5]. Group 2: Cultural Exchange and Team Spirit - Chinese builders are acting as cultural ambassadors during the Spring Festival, engaging in traditional activities such as making dumplings and decorating with lanterns alongside local workers, fostering a sense of community and friendship [6][7]. - The interactions between Chinese and local engineers during the Spring Festival celebrations highlight the blending of cultures and the warmth of shared experiences, enhancing international relations [6][7]. Group 3: Personal Growth and Development - Young Chinese professionals, like Yu Kongxin, are gaining valuable experience and skills while working on international projects, contributing to local infrastructure and economic development [4][5]. - Experienced workers, such as Peng Zhaokui, emphasize the importance of training local talent, ensuring project quality and providing sustainable benefits to the host countries [5].

Core Viewpoint - The meeting emphasized the importance of implementing the spirit of the 20th National Congress of the Communist Party of China and the directives of General Secretary Xi Jinping regarding party building and state-owned enterprises, aiming to enhance the political responsibility of central enterprise party committees in governance and ensure high-quality development through effective party leadership [1][2][3]. Group 1: Party Building Responsibilities - Central enterprise party committee secretaries reported on their responsibilities and identified key issues, with a focus on improving governance and accountability [2]. - Zhang Yuzhuo highlighted the need for party committee secretaries to take responsibility for party governance and to ensure the implementation of strict party discipline [2][3]. Group 2: Achievements and Progress - Over the past year, central enterprise party committees have effectively implemented directives from the central government, strengthening the leadership system and enhancing the political awareness of party members [2]. - The commitment to high-quality development and service to national goals has been reinforced, providing a strong guarantee for the successful completion of the 14th Five-Year Plan [2]. Group 3: Future Directions - The focus for the upcoming year will be on deepening the integration of party leadership into corporate governance and enhancing the effectiveness of political supervision [3]. - There is a call for continuous improvement in the management of enterprise leadership teams and the promotion of a correct view of performance [3][4]. - The meeting stressed the importance of aligning party building with operational activities to leverage the political and organizational advantages of the party for innovation and development [3].

Core Viewpoint - The article emphasizes the importance of implementing the Party's leadership in central enterprises to ensure high-quality development and adherence to the principles set forth by the Party's leadership [1][2][3]. Group 1: Meeting Overview - The meeting was chaired by Zhang Yuzhuo, where central enterprise party secretaries reported on their responsibilities and issues in party building [2]. - Zhang Yuzhuo highlighted the need for party secretaries to take responsibility for party governance and to ensure the implementation of strict party discipline [2][3]. Group 2: Key Responsibilities and Actions - Central enterprises have been working to strengthen the Party's leadership and improve the institutional framework for governance, ensuring the implementation of the Party's directives [2]. - There is a focus on enhancing political supervision and ensuring that the Party's leadership is integrated into all aspects of corporate governance [3]. - The article stresses the importance of aligning party building with operational performance to enhance the effectiveness of enterprises in contributing to national goals [3]. Group 3: Future Directions - The emphasis is placed on continuous improvement of the Party's leadership mechanisms and enhancing the effectiveness of political supervision [3]. - There is a call for deeper integration of party work with production and operations, particularly in key areas such as technological and industrial innovation [3]. - The article advocates for maintaining a high-pressure stance against corruption and fostering a clean political environment within enterprises [3].

Group 1 - The recent collapse at the intersection of Qixin Road and Lian'an Road in Shanghai is linked to the construction of the Jia-Min Line, a project managed by China Railway Tunnel Group Co., Ltd., a subsidiary of China Railway [1][2] - The total contract amount for the Jia-Min Line project is approximately 466.31 million yuan [1] - China Railway Tunnel Group Co., Ltd. has a registered capital of 4 billion yuan and total assets of about 82.36 billion yuan, with a net profit of approximately 296 million yuan in the first half of 2025 [1][2] Group 2 - China Railway Tunnel Group Co., Ltd. has faced multiple legal and administrative issues, including 28 enforcement cases totaling about 12.6 million yuan and 26 administrative penalties exceeding 4.6 million yuan [2] - The Shanghai Jia-Min Line is a 44-kilometer urban rail project with an investment of 37.1 billion yuan and a construction period of approximately 6 years [2]

Group 1 - Pei Mingshan appointed as Deputy Secretary and Director of China Railway Construction Group Co., Ltd., nominated as candidate for General Manager, relieved of his position as a member of the Standing Committee of China Communications Construction Group Co., Ltd., and no longer serves as Deputy General Manager of China Communications Construction Group Co., Ltd. [2][14] - Hou Xiao appointed as Deputy Secretary and Director of China Guoxin Holdings Co., Ltd., nominated as candidate for General Manager [3][15] - Dong Baoliang appointed as Deputy Secretary and Director of China Railway Signal and Communication Group Co., Ltd., nominated as candidate for General Manager, and no longer serves as an external director of China Automotive Technology Research Center Co., Ltd. [4][16] Group 2 - Zheng Weili appointed as a member of the Standing Committee of China Coal Technology and Engineering Group Co., Ltd., nominated as candidate for Chief Accountant [5][17] - Zhang Deyong appointed as a member of the Standing Committee of China Electrical Equipment Group Co., Ltd., nominated as candidate for Chief Accountant [6][18] - Qu Xiaoli appointed as a member of the Standing Committee of China CNR Corporation Limited, relieved of his position as a member of the Standing Committee of China National Building Material Group Corporation, and no longer serves as Deputy General Manager of China National Building Material Group Corporation [7][19] Group 3 - Hu Naimin relieved of his position as a member of the Standing Committee of China Energy Conservation and Environmental Protection Group Co., Ltd., no longer serves as Deputy General Manager, and is retiring [8][20] - Ma Shizhi relieved of his position as a member of the Standing Committee of China Coal Energy Group Co., Ltd., no longer serves as Deputy General Manager, and is retiring [9][21] - Wu Xiangong relieved of his position as a member of the Standing Committee of China Chemical Engineering Group Co., Ltd., and is retiring [10][22] Group 4 - Wang Shiqi relieved of his positions as Deputy Secretary and member of the Standing Committee of China Railway Engineering Group Co., Ltd., and is retiring [11][23] - Sun Lixia relieved of her positions as a member of the Standing Committee and Secretary of the Discipline Inspection Commission of China Poly Group Co., Ltd., and is retiring [12][24]

Group 1 - The State-owned Assets Supervision and Administration Commission announced personnel changes for 14 central enterprises, including leadership appointments and removals [1][2][3][4][5][6][7][8][9][10][11] - Pei Mingshan was appointed as the Deputy Secretary and Director of China Railway Construction Corporation Limited, nominated as the candidate for General Manager [1] - Hou Xiao was appointed as the Deputy Secretary and Director of China National New Group Corporation, nominated as the candidate for General Manager [2] - Dong Baoliang was appointed as the Deputy Secretary and Director of China Railway Signal and Communication Group, nominated as the candidate for General Manager [3] - Zheng Weili was appointed as a member of the Standing Committee of China Coal Technology and Engineering Group, nominated as the candidate for Chief Accountant [4] - Zhang Deyong was appointed as a member of the Standing Committee of China Electrical Equipment Group, nominated as the candidate for Chief Accountant [5] - Qu Xiaoli was appointed as a member of the Standing Committee of China CNR Corporation Limited, removed from the Standing Committee of China National Building Material Group [6] - Hu Naimin was removed from the Standing Committee of China Energy Conservation and Environmental Protection Group and retired [7] - Ma Shizhi was removed from the Standing Committee of China Coal Energy Group and retired [8] - Wu Xiangong was removed from the Standing Committee of China Chemical Engineering Group and retired [9] - Wang Shiqi was removed from the Deputy Secretary and Standing Committee of China Railway Engineering Group and retired [10] - Sun Lixia was removed from the Standing Committee and Discipline Inspection Commission of China Poly Group and retired [11]

（文章来源：证券日报） 证券日报网讯 2月13日，中国中铁发布公告称，公司未对控股股东和实际控制人及其关联人提供担保， 无逾期对外担保。 ...

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