紧随谢惠芳女士辞任为首席执行官及有待新任首席执行官获委任之前，公司将采纳领导层过渡安排，自 2026年1月14日起生效。于此过渡安排下，公司副主席及执行董事，及董事会辖下执行委员会主席黄少 媚女士将负责集团的日常管理与营运的整体领导，并向管理团队提供策略性指导。 新世界百货中国(00825)公布，谢惠芳女士因有意投放更多时间在个人发展上，已提出辞任为执行董事 兼公司首席执行官，自2026年2月14日起生效;彼亦同时将不再担任董事会辖下执行委员会、提名委员会 及薪酬委员会各自的成员。 ...

紧随谢惠芳女士辞任为首席执行官及有待新任首席执行官获委任之前，公司将采纳领导层过渡安排，自 2026年1月14日起生效。于此过渡安排下，公司副主席及执行董事，及董事会辖下执行委员会主席黄少 媚女士将负责集团的日常管理与营运的整体领导，并向管理团队提供策略性指导。 智通财经APP讯，新世界百货中国(00825)公布，谢惠芳女士因有意投放更多时间在个人发展上，已提出 辞任为执行董事兼公司首席执行官，自2026年2月14日起生效;彼亦同时将不再担任董事会辖下执行委员 会、提名委员会及薪酬委员会各自的成员。 ...

Core Insights - Shanghai has established itself as one of the top three "Best Business Cities in Mainland China" since 2014, showcasing strong performance in the retail sector [6][7] - In 2024, Shanghai's total retail sales of consumer goods reached 17,940.19 billion yuan, with a slight decline of 3.1% year-on-year [7] - The retail sales structure is dominated by brand specialty stores, online retail, and specialty shops, indicating a shift in consumer preferences [7][8] Retail Industry Overview - The retail industry is defined as the sale of goods directly to consumers for personal or public consumption, encompassing various formats such as supermarkets, convenience stores, and online shops [2] - Shanghai's retail sector is characterized by a diverse and multi-layered structure, catering to different consumer needs [4] Current Development Status - The retail industry plays a crucial role in the economy, influencing production, consumption, and employment [6] - In 2024, the retail sales figures for food, clothing, daily necessities, and fuel were 3,721.33 billion yuan, 4,341.81 billion yuan, 9,354.46 billion yuan, and 522.60 billion yuan respectively, with food sales showing a 1.6% increase year-on-year [7] Sales Trends and Consumer Behavior - Major retail formats such as brand specialty stores and online retail are experiencing growth, with online sales showing a significant increase during key holidays [8] - During the Spring Festival, total online and offline consumption reached 56.9 billion yuan, marking a notable year-on-year increase [8] Policy Environment - Shanghai has implemented various policies to optimize the retail environment, including the launch of a pilot program for retail innovation [9] - The city aims to enhance the retail sector's contribution to the economy through multi-dimensional reforms [9] Competitive Landscape - The retail market in Shanghai is highly competitive, with both international giants like Carrefour and local players like Bailian Group vying for market share [12] - The rise of e-commerce platforms such as Tmall and JD.com has intensified competition, impacting traditional retail businesses [12] Future Development Trends - The retail industry in Shanghai is expected to evolve towards "refined operations," "green sustainability," and "instant retail," driven by changing consumer demographics and preferences [12][16] - The increasing share of online retail sales indicates a significant shift in consumer shopping habits and a transformation in the retail landscape [16]

Group 1 - The company New World Department Store China (00825) announced a series of executive changes effective from January 9, 2026 [1] - Mr. Zhang Hui Re has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Dr. Zheng Jia Chun has been appointed as the new Chairman and Executive Director, as well as a member of the Executive Committee [1] - Ms. Huang Shao Mei has been appointed as Vice Chairman and Executive Director, and will serve as the Chair of the Executive Committee [1] - Executive Director Ms. Xie Hui Fang will no longer serve as Chair of the Executive Committee but will remain a member [1] - Executive Directors Ms. Zhao Hui Xian and Mr. Chen Yao Hao have been appointed as members of the Nomination Committee [1] - Executive Directors Mr. Liu Fu Qiang and Mr. Chen Yao Hao have been appointed as members of the Remuneration Committee, with Mr. Liu Fu Qiang also appointed as an authorized representative [1]

Group 1 - New World Department Store China (00825.HK) announced changes effective from January 9, 2026 [1] - Zhang Huihe has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Zheng Jiachun has been appointed as Chairman and Executive Director, as well as a member of the Executive Committee [1] - Huang Shaomei has been appointed as Vice Chairman and Executive Director, and Chairman of the Executive Committee [1] - Executive Director Xie Huifang will no longer serve as Chairman of the Executive Committee but will remain a member [1] - Executive Directors Zhao Huixian and Chen Yaohua have been appointed as members of the Nomination Committee [1] - Executive Directors Liu Fuqiang and Chen Yaohua have been appointed as members of the Remuneration Committee [1] - Liu Fuqiang has been appointed as an authorized representative [1]

Group 1 - The company New World Department Store China (00825) announced a series of management changes effective from January 9, 2026 [1] - Mr. Zhang Huire has resigned as Chairman and Executive Director, and will no longer serve as an authorized representative or member of the Executive Committee, Nomination Committee, and Remuneration Committee [1] - Dr. Zheng Jiachun has been appointed as Chairman and Executive Director, as well as a member of the Executive Committee [1] - Ms. Huang Shaomei has been appointed as Vice Chairman and Executive Director, and Chairperson of the Executive Committee [1] - Executive Director Ms. Xie Huifang will no longer serve as Chairperson of the Executive Committee but will remain a member of the Executive Committee [1] - Executive Directors Ms. Zhao Huixian and Mr. Chen Yaohau have been appointed as members of the Nomination Committee [1] - Executive Directors Mr. Liu Fuqiang and Mr. Chen Yaohau have been appointed as members of the Remuneration Committee, with Mr. Liu Fuqiang also appointed as an authorized representative [1]

Core Viewpoint - International rating agency Morningstar has raised the fair value estimate of Hong Kong property developer New World Development from HKD 5.5 to HKD 5.8, an increase of approximately 5.5% [1] Group 1: Asset and Cash Flow Assessment - The adjustment reflects a reassessment of the company's asset portfolio and cash flow expectations [1] - Recent asset disposal progress has exceeded expectations, contributing positively to the valuation [1] - The core leasing business has shown stable performance, supporting the valuation increase [1] Group 2: Market Variables - The agency highlights that the trends in Hong Kong interest rates and changes in property market policies remain key variables for future developments [1]

Core Insights - The China Manned Space Engineering Office announced the release of the 2025 Annual Report on the Progress of Scientific Research and Application of the Chinese Space Station on January 8, 2026 [1] Group 1: Achievements in Manned Spaceflight - Since entering the application and development phase of the space station, China has successfully organized 6 manned flights, 4 cargo resupply missions, and 5 spacecraft return missions [4] - The first emergency launch has been successfully implemented, with 6 astronaut crews and 18 astronauts having long-term stays in orbit [4] - A total of 13 extravehicular activities (EVA) have been conducted, along with multiple extravehicular maintenance tasks, setting a world record for the longest single EVA duration [4] Group 2: Operational Stability and Future Developments - The Chinese space station is currently operating stably and demonstrating good efficiency [4] - The selection of the fourth batch of reserve astronauts, including experts from Hong Kong and Macau, has been completed, and the development of a low-cost cargo transportation system has been initiated [4]

Core Insights - The China Manned Space Engineering Office announced the release of the 2025 "China Space Station Scientific Research and Application Progress Report" on January 8, 2026 [1] Group 1: Achievements in Manned Spaceflight - Since entering the application and development phase of the space station, China has successfully completed 6 manned flights, 4 cargo resupply missions, and 5 spacecraft return missions [4] - A total of 18 astronauts have participated in long-term stays in orbit, conducting 13 extravehicular activities and multiple payload operations outside the station [4] - The program has set a new world record for the duration of a single extravehicular activity by astronauts [4] Group 2: Ongoing Developments - The selection of the fourth batch of reserve astronauts, including experts from Hong Kong and Macau, has been completed [4] - The development of a low-cost cargo transportation system has been prioritized and initiated [4] - The Chinese space station is currently operating stably and demonstrating good operational efficiency [4]

Market Overview - The general retail sector experienced a decline of 0.36% on January 7, with Cuiwei Co. leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Notable gainers in the general retail sector included: - Youa Co. (002277) with a closing price of 7.85, up 9.94% and a trading volume of 899,900 shares, totaling 6.91 billion yuan [1] - Shanghai Jiubai (600838) closed at 12.60, up 7.05% with a trading volume of 1,061,900 shares, totaling 13.37 billion yuan [1] - New World (600628) closed at 8.45, up 5.23% with a trading volume of 546,400 shares, totaling 4.55 billion yuan [1] Fund Flow Analysis - The general retail sector saw a net outflow of 346 million yuan from institutional investors, while retail investors contributed a net inflow of 145 million yuan [2] - The top stocks by net inflow from retail investors included: - Youa Co. with a net outflow of 91.06 million yuan from retail investors [3] - Shanghai Jiubai with a net outflow of 5.84 million yuan from retail investors [3] - New World with a net outflow of 3.12 million yuan from retail investors [3]