中国外贸连续9年增长，央行送上新年政策大礼包丨一周热点回顾

Group 1: Foreign Trade Performance - In 2025, China's total import and export value of goods exceeded 45 trillion yuan, marking a historical high with a year-on-year growth of 3.8%, maintaining growth for nine consecutive years since 2017 [2] - Exports increased by 6.1%, with high-tech products and "new three categories" products growing by 13.2% and 27.1% respectively [2] - By December 2025, imports and exports reached 4.26 trillion yuan, a year-on-year increase of 4.9%, setting a new monthly record [2] Group 2: Monetary Policy and Financial Data - The central bank announced policies to lower interest rates on structural monetary policy tools and indicated that there is still room for further cuts in 2026 [3] - In 2025, M2 and social financing scale maintained high growth rates, with social financing stock at 442.12 trillion yuan, up 8.3% year-on-year, and M2 balance at 340.29 trillion yuan, up 8.5% [4] - The increase in social financing scale by 35.6 trillion yuan in 2025 was 3.34 trillion yuan more than the previous year [4] Group 3: A-Share Market Regulations - The minimum margin ratio for financing securities purchases in the A-share market was raised from 80% to 100%, applicable only to new financing contracts [5] - As of January 14, 2025, the market's margin trading balance reached a historical high of 2.6982 trillion yuan, with financing balance at 2.6806 trillion yuan [6] - The proportion of financing balance to circulating market value was noted to be below 2.7%, indicating a relatively low overall leverage in the market [7] Group 4: New Energy Vehicle Battery Recycling Regulations - A new regulation for the recycling and comprehensive utilization of used power batteries from new energy vehicles was announced, effective from April 1, 2026 [8] - The regulation emphasizes full lifecycle management and the establishment of a national information platform for battery traceability [8] - By 2030, the volume of waste power batteries is expected to exceed 1 million tons, necessitating effective regulatory measures [8] Group 5: Corporate Pension System Expansion - New guidelines were issued to expand the coverage of corporate pension systems and simplify the establishment process, allowing various organizations to set up pension plans [9] - The guidelines provide flexibility in contribution rates, enabling companies to adjust based on their financial capabilities [9] - The initiative aims to enhance the multi-tiered pension system and improve retirement security for employees [10] Group 6: Business Closures in the Restaurant Industry - Xibei announced the closure of 102 stores, accounting for 30% of its total outlets, in response to declining customer traffic [11] - The company faced challenges following negative publicity related to pre-prepared dishes, despite efforts to attract customers through promotions [11] - Industry experts suggest that optimizing menu offerings and introducing new services may be necessary for recovery [12]