Core Viewpoint - The company has received an arbitration ruling requiring it to pay damages of RMB 23.3398 million and arbitration costs of RMB 292,000 due to a breach of contract related to a development cooperation agreement [1] Group 1: Arbitration Details - The arbitration ruling was issued by the Huizhou Arbitration Commission on January 16, 2026 [1] - The company’s subsidiaries, including Fudi International Holdings Limited, Luoyang Wanheng Real Estate Co., Ltd., and Kayuan Enterprise Investment Co. Limited, were the respondents in the arbitration [1] - The ruling involves a development cooperation contract established on August 10, 2023, concerning the leasing arrangements for the Guangzhou Changliu Industrial Park, which is owned by the group [1] Group 2: Financial Implications - The total amount to be paid by the company includes RMB 23.3398 million in damages and RMB 292,000 in arbitration fees [1] - The company is seeking legal advice regarding the arbitration ruling [1] - The company believes that the ruling will not have a significant adverse impact on its overall business operations [1]

Core Viewpoint - New City Construction Development (00456.HK) has received a letter regarding the appointment of joint and several receivers and managers for 86,485,742 shares, representing approximately 46.35% of the company's issued shares as of the announcement date [1] Group 1 - The receivers, Ma Demin and Li Yinglin, were appointed on January 8, 2026, to manage the pledged securities [1] - The receivers have the authority to exercise all powers under the security agreement, including the rights to take control of the pledged securities, register them in their name, appoint nominees, collect dividends, and sell the pledged securities [1] - There is currently no information on how the receivers will handle the pledged securities during enforcement, which may lead to a change in the company's control [1]

Core Viewpoint - The implementation of 24-hour smart labor union stations using digital technology addresses the needs of outdoor workers, enhancing urban development by providing timely support and services [1] Group 1: Service Innovation - The city aims to transform service delivery from "government providing services" to "citizens requesting services," ensuring a more precise alignment with diverse community needs [1] - A closed-loop mechanism is established for key demographics, such as the elderly and new employment groups, to convert their urgent needs into a service innovation list [2] Group 2: Digital Infrastructure - There is a push for increased investment in digital infrastructure to connect various city systems and departments, breaking down barriers and data silos [2] - The goal is to create "smart+" service scenarios that utilize public service data to identify service gaps and dynamically allocate resources [2] Group 3: Sustainable Service Development - The focus is on transitioning service innovations from pilot projects to regular services, ensuring that benefits for citizens are consistently realized [2] - A mechanism for promoting service innovations is to be established, allowing for the replication and expansion of successful service projects to benefit a larger number of workers [2]

Group 1 - The central economic work conference emphasizes the need for high-quality urban renewal, with Taiyuan focusing on green transformation and smart governance to empower high-quality economic and social development [1] - The renovation of Tiancheng Road, a crucial thoroughfare for over 20,000 residents, has been completed, featuring a dual four-lane design and improved safety for vehicles and pedestrians [1] - Taiyuan is advancing various underground infrastructure projects, including the establishment of a smart monitoring system for underground pipelines to ensure orderly operation [1] Group 2 - During the 14th Five-Year Plan, Taiyuan has implemented 2,932 old community renovations benefiting 545,000 households, constructed or renovated 125.8 kilometers of urban roads, and updated over 1,900 kilometers of various underground pipelines [2] - The city aims to transition from passive maintenance to proactive prevention in underground pipeline management, utilizing digital management and precise diagnostics [2] - Looking ahead to the 15th Five-Year Plan, Taiyuan plans to identify urban renewal needs accurately and implement projects that enhance residents' convenience and quality of life [2]

Core Insights - The geographical landscape of China's consumer market is shifting from traditional first-tier cities to emerging urban areas, indicating a significant change in consumption growth dynamics and brand competition [1][7] Group 1: Consumption Trends - The "Box District Housing Index" shows that cities like Shijiazhuang, Xuzhou, and Linyi have indices of 171, 141, and 127 respectively, significantly above the national average of 100, highlighting the rising consumption power in these emerging cities [1] - Retail brands such as Xixifu Bookstore and outdoor brand Salomon are expanding into emerging markets, confirming the trend of a silent yet profound geographical migration in consumption [1] - Consumers in emerging cities are increasingly seeking quality and unique experiences, aligning their demands with those of consumers in first-tier cities [3][4] Group 2: Industrial Upgrades - Industrial upgrades are driving the transformation of cities and reshaping the consumption base, with cities like Yibin becoming key players in the power battery industry, achieving over 100 billion in output value in both 2023 and 2024 [2] - Hefei has emerged as a leader in the new energy vehicle sector, producing 1.097 million vehicles from January to October 2025, and hosting numerous core component enterprises, establishing a robust industrial cluster [2] Group 3: Consumer Behavior Changes - The influx of skilled workers and rising disposable incomes in emerging cities are creating a new consumer demographic with unique spending power, leading to increased consumption [3] - Data shows that 55.7% of non-first-tier cities have GDP growth rates exceeding the national average, with 65.2% of third-tier cities and 60.7% of fourth-tier cities also outperforming the national growth rate [3] Group 4: Retail Innovations - Brands like Hema are transforming traditional shopping experiences into multi-functional destinations that combine dining, socializing, and shopping, thus enhancing consumer engagement [6] - Hema's new stores have seen immediate success, with significant sales figures reported on opening days, indicating strong market demand and consumer interest [6] Group 5: Future Outlook - The shift in consumption dynamics suggests that retail brands capable of maintaining competitiveness in high-tier cities while successfully penetrating emerging markets will likely emerge as the biggest winners [7][8] - The evolving consumer landscape in emerging cities is characterized by a growing demand for quality products and experiences, which is reshaping the retail industry [8]

Core Insights - China holds multiple positions among the world's top 10 ports, with Shanghai and Ningbo-Zhoushan ports achieving remarkable performance in 2025, reflecting the resilience and vitality of China's foreign trade [1][3] Group 1: Port Performance - In 2025, Shanghai Port's container throughput reached 55.06 million TEUs, maintaining its position as the world's largest port for 16 consecutive years [1] - Ningbo-Zhoushan Port achieved a cargo throughput of over 1.4 billion tons in 2025, marking its 17th consecutive year at the top globally [1] - The performance of these ports is seen as a barometer of economic conditions, showcasing their operational strength and the robustness of China's foreign trade [1] Group 2: Distinction Between Ports - Ningbo-Zhoushan Port leads in cargo throughput measured in tons, while Shanghai Port excels in container throughput measured in TEUs [3] - The strategic positioning of these ports is influenced by natural endowments and their respective missions, with Shanghai focusing on high-value container transport and Ningbo-Zhoushan on bulk and energy transport [3][4] Group 3: Cargo Types and Statistics - In 2024, Shanghai Port handled 3.63 million vehicles, a 15% increase year-on-year, surpassing Antwerp-Bruges Port to become the world's largest in this category [4] - Ningbo-Zhoushan Port is responsible for 45% of iron ore and over 90% of oil product transshipment in the Yangtze River Economic Belt [4] Group 4: Connectivity and Infrastructure - By the end of 2025, Ningbo-Zhoushan Port had 309 container shipping routes connecting over 700 ports in more than 200 countries, with a connectivity index ranking second globally [5] - Shanghai Port had nearly 350 international routes by 2024, maintaining the top global connectivity for 13 consecutive years [5] Group 5: Trade and Economic Indicators - In the first 11 months of 2025, China's total goods trade value reached 41.21 trillion yuan, a 3.6% increase year-on-year, with exports growing by 6.2% and imports by 0.2% [7] - National port cargo throughput and container throughput reached 16.75 billion tons and 320 million TEUs respectively, with year-on-year increases of 4.4% and 6.6% [7] Group 6: Future Potential and Challenges - The "14th Five-Year Plan" emphasizes enhancing maritime capabilities and developing a modern infrastructure system, positioning ports as crucial hubs for marine economic development [10] - There is still room for optimization in China's port transportation system, with a significant reliance on road transport for container handling, which is higher than in developed countries [11] - Initiatives to improve intermodal transport systems are underway, such as the construction of canals to enhance connectivity and efficiency [11][12]

Core Viewpoint - Hema, a new retail giant under Alibaba, is set to enter Weihai, bringing its fresh food shopping experience to local residents, which has generated significant excitement in the community [1][3]. Group 1: Hema's Expansion - Hema will open a store in Weihai's Weigao Plaza, marking its expansion into a new city [1]. - By 2025, Hema plans to enter 40 new cities and open over 200 new stores, with nearly 500 Hema Fresh stores and 400 Super Hema stores currently in operation across the country [3]. Group 2: Unique Selling Propositions - Hema offers a "30-minute rapid delivery" service, allowing customers within a 3-5 km radius to receive fresh ingredients quickly after placing an online order, with an online order ratio of 63% [3]. - The seafood section of Hema is described as a "seafood supermarket," where customers can select live seafood for immediate cooking, showcasing a supply chain that spans over 50 countries [4]. - Hema's bakery section features daily fresh products, catering to various consumer needs, including healthy options for fitness enthusiasts and convenient meals for busy professionals [5]. Group 3: Future Developments - The official opening date for the new Hema store in Weihai has not yet been announced, and further updates will be provided through official channels [6].

春节临近，为切实保障辖区群众节日期间食品安全，塔城市市场监督管理局新城监管所聚焦超市农副产 品质量安全，联合专业检验检测机构开展专项抽样检测工作，从源头守护市民"菜篮子"安全。 作者：塔城市市场监督管理局新城市场监管所 迪丽娜尔、蔡路阳 目前，抽取样品检测工作正在有序进行中。对于检测结果，新城市场监管所将第一时间向社会公示，若 发现不合格产品，将立即依法依规采取下架、召回等处置措施，并追溯源头严肃查处，坚决杜绝不合格 农副产品流入市场，以精准监管和严格执法筑牢食品安全防线，让辖区群众度过一个安全、放心的春 节。 此次检测行动以辖区内各大超市为重点检查对象，检测范围涵盖蔬菜、水果、肉类等群众日常消费量大 的农副产品，重点针对农残超标、兽药残留、重金属含量等关键指标进行专业检测。执法人员与检测机 构工作人员严格按照抽样规范，随机抽取各类农副产品样品，现场做好信息登记、封样留存等工作，确 保检测样本的代表性和真实性。同时，执法人员还对超市农副产品的进货查验、索证索票、储存条件等 环节进行同步检查，督促经营主体落实食品安全主体责任，规范进货渠道和台账管理。 ...

此外，塔城市新城市场监管所聚焦校园餐、特殊机构食堂、网络餐饮等重点领域开展专项整治。对辖区 学校食堂开展"回头看"检查，针对前期上级部门反馈的问题逐项复核整改落实情况，并督促学校将食品 安全制度落实到岗、到人，确保全部整改及制度落地工作；对辖区养老机构食堂进行全覆盖检查，重点 排查食材采购、加工制作等环节的安全隐患；同时加强网络餐饮监管，对线上餐饮商户开展随机抽查， 规范网络餐饮经营行为。 下一步，塔城市新城市场监管所将持续加大"双节"期间食品安全巡查力度，对发现的问题建立台账、限 期整改，以强有力的监管举措守护辖区群众饮食安全。 作者：塔城市市场监督管理局新城市场监管所 迪丽娜尔、蔡路阳 为切实保障2026年元旦、春节期间辖区食品安全，按照自治区及上级部门关于"双节"和全国"两会"期间 食品安全工作的部署要求，塔城市新城市场监管所迅速行动，围绕全链条监管、专项检查、重点领域整 治等方面精准发力，扎实推进食品安全监管各项工作。 在工作推进中，塔城市新城市场监管所首先严格落实食品安全"两个责任"，第一时间组织工作人员学习 《市场监管总局办公厅关于做好2026年元旦、春节期间有关工作的通知》等文件精神，结合辖区实 ...

小米汽车：12月新增36家门店，全国138城已有477家门店；1月计划新增9家门店，预计覆盖1座 新城 市：肇庆；截止12月31日，全国已有264家服务网点，覆盖全国151城。 ...