来源：李丹Fintalk 1月9日上午10：35，我在公众号发表文章《郁亮退休辞职，万科没有感谢》 | 操作时间 | 操作人 来源 | | 操作 | | --- | --- | --- | --- | | 01-09 10:35 | 朝 | 网页版 | 发表 | 文章里，我说郁亮似乎已经失联被查了。 6小时后，这篇文章被后台判定违法，被直接删除了。 以下是1月9日被删除文章的全文，现在重新发，应该不会再被删了。 郁亮退休辞职，万科没有感谢！ 1月8日，万科公告称郁亮因退休从万科辞职，并且不再在万科工作，彻底离开万科。 之后，万科为了三个债券能展期拼命努力了至少半个月。 2026年1月27日，万科同时发布公告，称三个公开债展期决议均已通过，同时万科再次向深圳地铁借款 23.6亿元用于三个展期债券的40%首付。 这意味着，在郁亮退休之后，万科终于艰难的度过了第一关。 此时，郁亮失联的话题终于可以放在桌面说了 果然，今天一早（28日），媒体说郁亮已经失联半个月了 这么一来，一切都能解释得通了。 万科公告预期冷静克制，甚至没有感谢字样。 作为王石的接班人，郁亮是在8年前接手万科的。 2017年6月30日，万科2016 ...

Group 1: AI Ecosystem Developments - The AI ecosystem is rapidly evolving with major players like ByteDance, Alibaba, Tencent, and Baidu developing various AI applications across multiple domains such as education, health, finance, and entertainment [1] - ByteDance's AI offerings include Doubao for education and health, while Alibaba's Qianwen focuses on financial services and education [1] - Tencent and Baidu are also expanding their AI capabilities, with Tencent offering services like QQ Browser and Baidu focusing on AI health and education [1] Group 2: Market Changes in Electricity Pricing - A significant market reform in China's electricity sector is underway, with nine regions canceling fixed time-of-use electricity pricing, marking a shift towards market-driven pricing [4] - The National Development and Reform Commission's new rules will eliminate government-set time-of-use pricing starting March 1, 2026, allowing market forces to dictate pricing [4] Group 3: AI Funding and Valuation Trends - Anthropic is planning to raise approximately $20 billion, doubling its initial target, reflecting strong investor interest and pushing its valuation to $350 billion [7][8] - The demand for investment in AI startups is surging, with investor interest reportedly reaching 5 to 6 times the original target [8] Group 4: New AI Models and Innovations - DeepSeek has released a new OCR model, DeepSeek-OCR 2, which utilizes a novel architecture to enhance AI's visual processing capabilities [7] - Alibaba has launched its flagship reasoning model, Qwen3-Max-Thinking, which surpasses leading models in performance and enhances its tool-calling capabilities [13] Group 5: Corporate Developments and Acquisitions - Anta Sports is planning to acquire a 29.06% stake in Puma for €1.5 billion, aiming to enhance its global market position [22] - DeepWay has completed a Pre-IPO financing round of ¥1.177 billion, marking a significant investment in the autonomous driving sector [23]

1月27日晚间，万科A（000002.SZ）接连披露重磅公告，旗下两笔合计金额57亿元的中期票据展期议案 获债券持有人全票通过，同时第一大股东深圳市地铁集团有限公司（下称"深铁集团"）同步落地不超过 23.6亿元借款支持，为公司缓解短期流动性压力、化解债务风险注入关键动力。 业内人士推测，此前万科一直在寻求上述两笔债券的全额展期，不愿意在短期内兑付大额现金，本次忽 然改变方案，可能并不是万科自己提出来的，而是应政策的指导要求。而这笔流动资金大概率就来自深 铁集团的借款。 此次展期的两笔债券分别为"22万科MTN004"与"22万科MTN005"，发行规模分别为20亿元与37亿元， 此前均已多次推进展期事宜，经多轮博弈与方案优化后，最终在1月27日的持有人非现场会议上迎来突 破。其中，"22万科MTN004"由20家持有人全票同意展期，"22万科MTN005"获33家持有人一致表决通 过，两项核心展期议案同意表决权占比均达100%，无反对及弃权票数。 根据公告，两笔债券展期方案核心条款保持一致，兼顾了不同债权人的流动性诉求与企业偿债能力。具 体来看，万科将于2026年1月28日对表决同意的持有人账户实施10万元 ...

每经AI快讯，1月28日，万科股债集体上涨，万科A、万科企业均涨逾2%，"21万科04"涨超11%，"23万 科01"涨超10%，"21万科06"涨超7%。 （文章来源：每日经济新闻） ...

在经历数日的紧张博弈后，1月27日，万科公告披露，其旗下"22万科MTN004"与"22万科MTN005"两笔 中期票据的展期议案均获得持有人会议通过。 公告还提及，深铁集团有权要求万科就本次借款提供担保措施，万科应根据深铁集团要求提供担保，相 关担保措施将在履行完上市公司所需决议程序后生效。 在业内人士看来，大股东在关键时间点提供流动性支持，极大地提振了债权人的信心，为万科后续平稳 经营和化解其他到期债务创造了有利条件。 值得一提的是，1月21日，两笔债券分别召开的持有人非现场会议上，相关债券的持有人或代理人全部 参会，且对应的核心展期议案（议案三）均获得了100%的同意表决权。 万科方面承诺，将于议案获表决通过之日起60个工作日内，协调和保证相关主体与债权代理人签署、办 理相关增信担保手续。 就在万科公布展期议案获得通过的同时，其第一大股东深圳市地铁集团有限公司（简称"深铁集团"）的 支持也同步落地。 根据万科发布的另一份公告，深铁集团将向万科提供不超过23.6亿元的借款。公告称，这笔借款主要用 于偿还万科在公开市场发行的债券本金与利息。 在借款细节上，该笔借款期限为36个月，分次提款。还款方面，前期为每 ...

万科股债集体上涨，万科A、万科企业均涨逾2%，"21万科04"涨超11%，"23万科01"涨超10%，"21万科 06"涨超7%。万科债务化解取得重大进展，"22万科MTN004""22万科MTN005"两笔合计57亿元中期票 据，展期议案均获通过。与此同时，万科第一大股东深铁集团向其提供不超过23.6亿元借款，专项用于 偿还公司公开市场债券本金与利息。 ...

1月21日，万科一笔余额11亿元的"21万科02"债券2026年第一次持有人会议的议案四获表决通过。简而 言之，该方案以固定兑付安排+回售部分债券本金的40%先行兑付剩余60%本金展期1年+提供增信措施 的方式获得债券持有人的高票支持。 公开信息显示，"22万科MTN004"债券本金兑付日为2025年12月15日，债项余额20亿元，本计息期债项 利率3%；"22万科MTN005"债券本金兑付日为2025年12月28日，债项余额37亿元，本计息期债项利率 3%。 【#万科57亿元债券成功展期#】#深铁向万科提供不超23.6亿借款# 继"21万科02"债券展期议案获得表决 通过之后，万科的另外两笔债券展期亦告成功。1月27日，记者从中国银行间市场交易商协会官网获 悉，万科一笔余额20亿元的"22万科MTN004"债券2026年第一次持有人会议及一笔余额37亿元的"22万 科MTN005"债券2026年第一次持有人会议的议案3即"本期中期票据本息兑付安排调整的议案（特别议 案）"均获得全票通过。这意味着近期围绕万科的债务展期事宜暂告一段落。 业内资深人士分析认为，鉴于此前"21万科02"债券已成功展期，此次另外两只 ...

继"21万科02"债券成功展期后，万科另外两笔债券展期议案也获得通过。 随着上述三项债券成功展期，意味着近期围绕万科的债务展期事宜暂告一段落，违约危机暂时解除。此 外，万科第一大股东深圳市地铁集团有限公司(下称深铁集团)再次为其"输血"。 据万科A在1月27日晚间公告称，深铁集团向公司提供不超过23.6亿元借款。借款用途为偿还公司在公开 市场发行的债券本金与利息。借款期限为36个月，借款利率为每笔借款提款日前一工作日全国银行间同 业拆借中心公布的1年期贷款市场报价利率减66个基点，目前为2.34%。2025年以来，深铁集团曾多次 向万科"输血"，累计金额超过300亿元。 截至1月27日收盘，万科A股价为4.75元，跌幅1.45%，市值为566.7亿元。 两份展期议案内容一致，即先支付一笔10万元的小额款项；其次，本金分期兑付，1月28日先兑付40% 本金，同时兑付利息，剩余60%的本金展期一年。 1月21日，万科"21万科02"债展期方案以92.11%的高同意率获得通过，余额11亿元。这也是万科自2025 年底陷入债券展期困境以来，首个成功落地的展期方案。 上海易居房地产研究院副院长严跃进此前在接受智通财经采 ...

Company News - Shenwan Hongyuan (06806.HK) expects a net profit of approximately 9.1 to 10.1 billion yuan for 2025, representing a year-on-year increase of 74.64% to 93.83% [8] - China Overseas Property (02669.HK) anticipates a revenue increase of about 5% to 7% for the fiscal year 2025, while gross profit and net profit are expected to decline by approximately 3% to 4% and 9% to 10%, respectively, due to a slowdown in contract conversion speed in the real estate sector [8] - Minmetals Resources (01208.HK) expects its unaudited profits for the 2025 fiscal year to be negatively impacted by impairment expenses [8] - China Traditional Chinese Medicine (00570.HK) issued a profit warning, forecasting a net loss of approximately 350 to 500 million yuan for the 2025 fiscal year [8] - Emperor Watch and Jewellery (00887.HK) announced a profit increase, expecting a net profit of no less than 420 million HKD for the 2025 fiscal year, representing a year-on-year growth of over 60% [9] - Vanke Enterprises (02202.HK) plans to obtain a loan of up to 2.36 billion yuan from its major shareholder, Shenzhen Metro Group [10] Market Performance - The Nasdaq China Golden Dragon Index rose by 0.48%, with notable gains in popular Chinese concept stocks such as Kingsoft Cloud, which increased by 8.77%, and Bilibili, which rose by 3.43% [6] - The Hang Seng Index increased by 1.35%, closing at 27,126.95 points, while the Technology Index rose by 0.50% [6] - Market performance showed active interest in sectors such as insurance, semiconductors, and AI applications, while coal, internet healthcare, and pharmaceutical stocks faced downward pressure [7]

Core Viewpoint - Vanke has made significant progress in debt resolution by successfully extending the maturity of three bonds totaling 6.8 billion yuan, temporarily alleviating the risk of default [1][5]. Group 1: Debt Extension Details - The bonds "22 Vanke MTN004" and "22 Vanke MTN005" have been extended for one year, with a total principal of 6.8 billion yuan, including 2 billion yuan and 3.7 billion yuan respectively, both with a coupon rate of 3% [2][3]. - The extension plan includes fixed payments, partial principal repayment, and credit enhancement measures, which were crucial for the approval of the proposals [1][4]. - A total of 40% of the principal will be repaid on January 28, 2026, while the remaining 60% will be extended for one year, with no additional interest during the extension period [2][3]. Group 2: Financial Support and Implications - The first major shareholder, Shenzhen Metro Group, has provided a loan of up to 2.36 billion yuan to support the repayment of the company's public market bonds [1][6]. - Despite the temporary relief from the default risk, Vanke faces a peak in debt repayment over the next two years, with over 12 billion yuan of domestic bonds maturing in 2026 and additional overseas and domestic debts in subsequent years [7][8]. - The bond extension may negatively impact Vanke's credit rating, potentially affecting future financing and buyer confidence, which could hinder sales and cash flow [7][8]. Group 3: Industry Impact - The successful bond extension for Vanke may alleviate credit pressure in the industry, providing a template for future debt repayment strategies among leading real estate companies [7][8]. - The ongoing debt resolution process for Vanke is critical not only for its own development but also for the overall market expectations in the real estate sector [8].