Core Viewpoint - China Railway Group Limited (00390) announced the public issuance of its 2016 corporate bonds (Phase 1), which will be redeemed and delisted on January 28, 2026 [1] Group 1 - The bond is referred to as "16铁工02" [1] - The coupon rate for this bond is set at 3.80% [1] - The principal amount for each bond is 1,000 yuan, with an interest payment of 38 yuan (including tax) [1]

Group 1 - The core announcement is regarding China Railway Group Limited's public issuance of bonds, specifically the 2016 company bonds (first phase, type two), which will be redeemed and delisted on January 28, 2026 [1] - The bond is referred to as "16铁工02" and has a coupon rate of 3.80% [1] - Each bond unit has a principal repayment amount of 1,000 yuan, with an interest distribution of 38 yuan (including tax) [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國中鐵股份有限公司於2026年1月19日在上海證券交易所網站刊登的「中國中鐵 股份有限公司公開發行2016年公司債券（第一期）（品種二）2026年本息䫕付及摘牌公告」， 僅供參閱。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 2026年1月19日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公司的非執 行董事為文利民先生及房小兵先生；本公司的獨立非執行董事為修龍先生、孫力實女士 及屠海鳴先生。 2、债券简称：16 铁工 02 3、本年度计息期限：2025 年 1 月 28 日至 2026 年 1 月 27 日。 4、票面利率及兑付金额：本期债券票面利率（计息年利率）为 3.80%，每手本期债券兑付本金为 1000.00 元，派发利息为 38.00 元（含税）。 5、债权登记日：2026 年 1 ...

Investment Rating - The report rates the industry as "Buy" [6] Core Insights - TSMC expects capital expenditure to reach USD 52-56 billion in 2026, an increase of 27%-37% from 2025 [2][3] - Longxin Technology plans to raise CNY 29.5 billion for technology upgrades in memory chip manufacturing [3] - China State Grid anticipates fixed asset investment of CNY 4 trillion during the 14th Five-Year Plan, a 40% increase from the previous plan [4] Summary by Sections Semiconductor Industry - TSMC's revenue for Q4 2025 is expected to grow by 20.5% year-on-year, with a net profit increase of approximately 35% [3] - The cleanroom sector is expected to benefit from increased capital expenditures in semiconductor manufacturing, with companies like Yaxin Integration showing significant revenue growth [3] Power and Infrastructure - China State Grid's investment plan aims to enhance system regulation capabilities and support large-scale development of new energy storage [4] - China Power Construction and China Energy Engineering are leading firms in power construction, with significant market shares in hydropower and energy storage [4] Cleanroom and Emerging Technologies - Yaxin Integration reported a 165.2% year-on-year increase in revenue for December, indicating strong demand in the cleanroom sector [3] - The report recommends companies involved in cleanroom technology, commercial aerospace, and controlled nuclear fusion as potential investment opportunities [8] Recommended Companies - The report highlights several companies for investment, including Yaxin Integration, China State Grid, and China Power Construction, based on their strong market positions and growth potential [8][9]

Group 1 - The 2026 Spring Festival travel season will last from February 2 to March 13, totaling 40 days, with ticket sales starting on January 19 [1] - The railway department will enhance services for elderly travelers, ensuring a smooth travel experience from ticket purchase to boarding [1][4] - A "Senior Version" of the railway ticketing app will be available, featuring larger fonts and simplified processes to assist elderly travelers [4] Group 2 - The railway department will maintain manual ticket sales windows to provide assistance to elderly travelers [6] - Special services for elderly travelers with mobility issues include priority verification and boarding, with dedicated staff to guide them [8][10] - Booking for priority services can be done through the railway app, official website, or customer service [10][14] Group 3 - Major railway stations will enhance elderly-friendly services, such as adding wireless emergency call systems in restrooms and providing wheelchairs [20] - Airlines will also offer special services for elderly travelers, including simplified booking processes and dedicated assistance for first-time flyers [23][27] - Airports will provide unique services like hand bands for elderly travelers and free winter clothing storage during peak travel seasons [31]

Core Viewpoint - The article highlights the transformative impact of the "Public Welfare + Micro-profit" model in Zhanjiang, which integrates resources from central enterprises with local development needs to enhance the quality of rural areas and promote sustainable growth [3][4][16]. Group 1: Implementation of the Model - Zhanjiang's Housing and Urban-Rural Development Bureau has initiated the "Public Welfare + Micro-profit" model, which combines government guidance, market operations, and social responsibility to drive high-quality development in rural areas [4][16]. - By the end of 2025, major construction enterprises like China State Construction, China Communications Construction, and China Railway are expected to engage in 652 projects across 10 counties, with a total investment of approximately 14.64 billion [4][12]. Group 2: Project Management and Funding Mechanism - A "Two Libraries and One Pool" model has been established to ensure efficient operation of the "Public Welfare + Micro-profit" mechanism, consisting of a micro-profit project library, a public welfare project library, and a public welfare funding pool [5][7]. - As of December 2025, 212 micro-profit projects with a total investment of 46.2 billion have been planned, while 457 public welfare projects with a total investment of about 2.026 billion have been established [7][8]. Group 3: Policy Support and Efficiency - The Zhanjiang Housing and Urban-Rural Development Bureau has developed a comprehensive "policy toolkit" to ensure smooth operation of the mechanism, including standardized project management guidelines and streamlined approval processes [8][10]. - The introduction of a phased construction permit reform aims to reduce project startup time by 2 to 3 months, enhancing project implementation speed [8][10]. Group 4: Community Impact and Development - By 2025, 296 assistance projects with a total investment of 5.317 billion are expected to commence, significantly boosting local development and creating exemplary projects that can be replicated [12][16]. - The transformation of rural areas has led to increased tourism and local economic growth, with initiatives like the promotion of local lychee brands resulting in a 44% increase in production and a revenue exceeding 310 million [15][16].

本文转自【央视新闻微博】； 2026年春运自2月2日开始，到3月13日结束，共计40天。明天（19日）起，可购买春运首日火车票。今年，铁 路部门全面升级适老化服务，全程守护银发旅客出行。 打开铁路12306App，可一键切换至"敬老版"，放大的字体、清晰的图标和简化的流程，让银发旅客购票操作更 清晰。 60周岁以上的铁路常旅客会员享受3倍积分，积分可兑换车票，且60岁以上旅客在购买卧铺时优先配售下铺。 对于65岁以上单独出行的行动不便老人，还能申请无陪伴年长旅客服务。 你计划哪天回家？ ...

Core Viewpoint - The China Railway 12306 platform has introduced a limited-time free ticket refund service for passengers who mistakenly purchase tickets, enhancing the overall ticket purchasing experience [1][4] Group 1: Refund Policy Details - Passengers can self-process refunds online for tickets purchased for travel dates on or after February 2, provided the purchase is made through the 12306 platform and the refund request is initiated within 30 minutes of payment and more than 4 hours before departure [1][4] - Refunds will be processed without any fees, with electronic payment refunds returned to the original payment method and points refunded back to the original account without changing their validity period [4] - Each passenger is limited to one free refund request per day, and this policy does not apply to ticket changes, reservations, or waiting list purchases [4] Group 2: Current Refund Policy Context - The railway department currently implements a tiered refund policy, where refunds processed within the specified free refund timeframe do not count against the free refund quota for mistaken purchases [4] - For offline ticket purchases, passengers must report any mistakes immediately at the ticket window to receive assistance in reissuing tickets [4]

Core Viewpoint - The introduction of the "Light Travel" service by China Railway Express aims to enhance the convenience of train travel by providing door-to-door luggage handling services, effective from January 15, 2026, covering major cities across the country [1]. Service Overview - "Light Travel" service offers "door-to-station" and "station-to-door" luggage transportation, allowing travelers to send their luggage to the train station or have it delivered to their home after arrival [1]. - The service is available for travelers who have purchased tickets and are within 35 kilometers of the train station [1]. Booking Process - Travelers can book the "Light Travel" service through the railway 12306 App or WeChat mini-program by navigating to the "Light Travel" module, selecting their ticket, and providing necessary details such as sender information and luggage specifics [2]. Luggage Handling - For "door-to-station" service, staff will collect luggage from the specified location and transport it to the train station, ensuring it passes security checks before delivering it to the platform or designated service counter [3]. - For "station-to-door" service, staff will collect luggage from the platform or service counter and deliver it to the specified address within 5 hours, with recipients using a pickup code for collection [3]. Pricing Structure - Initial pricing for the "Light Travel" service is set at 68 yuan per item for "door-to-station" and "station-to-door" services, and 98 yuan per item for "door-to-platform" and "platform-to-door" services, with future adjustments based on market demand and operational costs [4]. Luggage Requirements - Luggage must comply with the regulations set forth by the National Railway Group and adhere to the list of prohibited and restricted items published by the National Railway Administration and the Ministry of Public Security [5]. Customer Support - Travelers can find information on currently available stations for the "Light Travel" service and can contact customer service through the railway 12306 hotline or China Railway Express hotline for further inquiries [6].

中新社安徽滁州1月16日电 (张强 陈卓然)16日，新建上海至南京至合肥高速铁路(简称沪宁合高铁)跨京 沪高铁特大桥2×100米预应力混凝土单T构梁成功转体，梁体总重1.7万吨。 同时，为实现梁体转得稳、转得准，项目建设团队利用智能监测系统实时监控转体姿态与受力变化，将 转体轴线偏差控制在毫米级。 沪宁合高铁是沪渝蓉高铁的东段线路、中国"八纵八横"高速铁路网沿江高铁通道的重要组成部分。该项 目建成后，将在上海大都市圈、南京都市圈和合肥都市圈间建起一条新快速通道。(完) 1.7万吨重的"空中巨构"如何转得动？中国中铁一局集团有限公司沪宁合高铁安徽段站前一标项目相关 负责人温恒智解释道："我们运用了球铰精准定位牵引系统，相当于在梁体底座装置了一个'磨盘'，然 后用260吨拉力拉着梁体转。转体结束后，我们会把'磨盘'锁死，然后浇筑混凝土，让其与梁体融为一 体。" 1月15日，航拍沪宁合高铁跨京沪高铁特大桥2×100米预应力混凝土单T构梁。(无人机照片)(中国中铁一 局集团有限公司供图) 1月16日，沪宁合高铁跨京沪高铁特大桥2×100米预应力混凝土单T构梁成功转体。(无人机照片)(中国中 铁一局集团有限公司供图) ...