南方财经记者郭晓洁实习生王泽楠广州报道 随着绿色金融市场的快速发展，相关的资讯和数据变得越来越丰富。绿色金融周报从宏观视角和机构绿 色金融实践等角度，关注绿色金融领域的最新前沿动态，追踪绿色金融市场的最新趋势，为绿色金融相 关参与方提供决策依据和参考。 一、重点关注 1.财政部等发文将绿色消费纳入贴息范围 1月20日，财政部、商务部、中国人民银行、金融监管总局联合发布《关于优化实施服务业经营主体贷 款贴息政策的通知》，将数字、绿色、零售3类消费领域纳入政策支持范围，并明确了绿色领域对应 《中国人民银行金融监管总局中国证监会关于印发'绿色金融支持项目目录（2025年版）'的通知》（银 发〔2025〕132号）中符合"建筑节能与绿色建筑"分类标准的"物业管理"行业类别，符合"绿色交通"分 类标准的"汽车租赁""其他道路运输辅助活动"行业类别，以及符合"绿色物流"分类标准的"装卸搬运""邮 政基本服务""快递服务""其他寄递服务"行业类别；零售领域对应《国民经济行业分类》中"零售业"行 业类别。 21碳中和课题组快评：此次四部门联合优化贴息政策，其核心在于将"绿色"消费细化为可获财政支持的 消费场景，如建筑节能、绿 ...

Core Viewpoint - The Nanjing Municipal Government has issued policies aimed at accelerating the cultivation of new productive forces to promote high-quality development, focusing on boosting consumption and supporting green product consumption [1] Group 1: Consumption Promotion - Implementation of special actions to boost consumption, including the continuation of the national and provincial policies for replacing old consumer goods with new ones [1] - Promotion of key categories such as home appliances and automobiles through replacement programs [1] - Encouragement of major commercial enterprises to conduct themed consumption promotion activities through the "Four Seasons Appointment" series [1] Group 2: Financial Support - Acceleration of the construction of a modern commercial circulation system with financial support of up to 40% of effective investment [1] - Maximum support amount for a single project is set at 20 million yuan, while the cumulative support amount for a single enterprise can reach up to 30 million yuan [1]

Report Industry Investment Ratings - Not provided in the given content Core Views of the Report - The macro - economic recovery momentum needs to be strengthened, and the monetary policy is expected to remain loose. The market has different trends and outlooks for various commodities and financial products. For example, the bond futures are expected to face pressure, the stock index is expected to have a gradually rising central fluctuation range, and the precious metals market is expected to have significant volatility [6][9][13] Summary by Relevant Catalogs Treasury Bonds - **Market Performance**: The previous trading day, treasury bond futures closed up across the board, with the 30 - year, 10 - year, 5 - year, and 2 - year main contracts rising 0.07%, 0.03%, 0.04%, and 0.01% respectively. The central bank carried out 125 billion yuan of 7 - day reverse repurchase operations, with a net investment of 38.3 billion yuan [5] - **Outlook**: The macro - economic recovery momentum is weak, and the bond futures are expected to face pressure. It is recommended to remain cautious [6] Stock Index Futures - **Market Performance**: The previous trading day, stock index futures showed mixed trends. The main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures changed by - 0.15%, - 0.66%, 3.36%, and 3.06% respectively [8] - **Outlook**: Although the domestic economic recovery momentum is weak, the low valuation and economic resilience, along with the inflow of incremental funds, are expected to drive the central fluctuation range of the stock index to gradually rise. It is recommended to hold previous long positions [9] Precious Metals - **Market Performance**: The previous trading day, the gold and silver main contracts rose 2.58% and 6.97% respectively. Eurozone and US PMI data were released [11] - **Outlook**: The global trade and financial environment is complex, and the "de - globalization" and "de - dollarization" trends are beneficial to the allocation and hedging value of gold. However, due to the recent sharp rise and increased speculation, the market volatility is expected to increase significantly. It is recommended to exit long positions and wait and see [13] Steel Products Rebar and Hot - Rolled Coils - **Market Performance**: The previous trading day, rebar and hot - rolled coil futures showed weak oscillations. The spot prices of billets, rebar, and hot - rolled coils in different regions were given [15] - **Outlook**: In the medium term, the prices of finished products are dominated by industrial supply - demand logic. Rebar demand is in a downward trend, and the market is entering a demand off - season. The supply pressure has eased, and inventory consumption is fast. The prices are likely to continue weak oscillations, and investors can pay attention to opportunities to go long on pullbacks and manage positions carefully [15] Iron Ore - **Market Performance**: The previous trading day, iron ore futures rose slightly. The spot prices of PB powder and Super Special powder were given. National pig iron daily output is low, and port inventory is rising [17] - **Outlook**: The supply - demand pattern of the iron ore market has weakened, but there are signs of stabilization in futures. Investors can pay attention to opportunities to go long on pullbacks and manage positions carefully [17] Coking Coal and Coke - **Market Performance**: The previous trading day, coking coal and coke futures rebounded significantly. The production of domestic coking coal is stable, and the demand for coke is weak [20] - **Outlook**: From a technical perspective, coking coal and coke futures may stop falling and rebound. Investors can pay attention to low - level buying opportunities and manage positions carefully [20] Ferroalloys - **Market Performance**: The previous trading day, the manganese silicon and silicon iron main contracts rose 1.00% each. The spot prices of manganese silicon and silicon iron in different regions changed. The supply and demand of ferroalloys are in a certain situation, and the cost fluctuates slightly [22] - **Outlook**: Since the fourth quarter of 2025, the production of ferroalloys has declined, and the overall over - supply pressure persists. The cost is at a low level, and there is support for the low - level range. After a decline, investors can consider long positions in the low - level range [23] Energy Crude Oil - **Market Performance**: The previous trading day, INE crude oil bottomed out and rebounded. Relevant data showed that speculators increased their net long positions in US crude oil futures and options, and the number of active oil and gas rigs increased. The US imposed new sanctions on Iran [24] - **Outlook**: CFTC data shows that US funds are still bullish on crude oil. The new US sanctions on Iran have pushed up crude oil prices. It is recommended to pay attention to long - position opportunities in the main crude oil contract [25] Fuel Oil - **Market Performance**: The previous trading day, fuel oil rose significantly and stood above the moving average group. The Asian high - sulfur fuel oil inter - month inverse spread widened, and the crack spread continued to rise [27] - **Outlook**: It is recommended to pay attention to long - position opportunities in the main fuel oil contract [28] Chemical Products Polyolefins - **Market Performance**: The previous trading day, the PP market in Hangzhou showed higher quotes, and the LLDPE price in Yuyao rose. The market has a strong desire to test higher prices, but demand follow - up is insufficient [29] - **Outlook**: The polyolefin market will face a supply - demand tight situation this week, and prices may continue to rise in the short term due to factors such as rising crude oil prices and some production line overhauls. It is recommended to pay attention to long - position opportunities [29] Synthetic Rubber - **Market Performance**: The previous trading day, the synthetic rubber main contract rose 6.99%. Last week, the market rose, mainly supported by rising butadiene prices and high device operating rates, but limited by weak downstream demand. The inventory is accumulating [31] - **Outlook**: It is expected to show a strong oscillation, and it is necessary to pay attention to the price trend of butadiene, the recovery of downstream demand, and whether the device overhauls in January will be implemented [32] Natural Rubber - **Market Performance**: The previous trading day, the natural rubber main contract and 20 - rubber main contract rose 3.29% and 3.27% respectively. The Shanghai spot price increased, and the basis was stable [34] - **Outlook**: It is expected to show a wide - range oscillation in the short term. The supply is shrinking, the cost support is still there, the demand of tire enterprises is expected to be weak, and the inventory is accumulating [34] PVC - **Market Performance**: The previous trading day, the PVC main contract rose 2.82%. The spot price increased, and the basis was stable. The current is the traditional off - season for PVC demand [36] - **Outlook**: Although it is in the traditional off - season, the policy expectation may lead to a strong oscillation in the short - term. In the medium - term, capacity clearance and export growth may improve the supply - demand situation. It is necessary to be vigilant about the uncertainty of demand [36] Urea - **Market Performance**: The previous trading day, the urea main contract rose 0.39%. The price in Shandong Linyi increased, and the basis was stable [40] - **Outlook**: The short - term urea price will maintain a strong oscillation, mainly driven by export demand and cost support. The supply is increasing, the demand of downstream products has different changes, and the inventory situation is given [40] PX - **Market Performance**: The previous trading day, the PX2603 main contract rose 2.93%. The PXN spread and PX - MX spread are at a certain level, and the PX load has declined [42] - **Outlook**: In the short - term, the PXN spread and short - process profit are stable, the PX start - up rate is increasing, and the market sentiment and cost - end crude oil may provide support. It is expected to oscillate and adjust. It is recommended to participate in the low - level range and be vigilant about the fluctuation of external crude oil [43] PTA - **Market Performance**: The previous trading day, the PTA2605 main contract rose 4.21%. The PTA device load is stable, the polyester load has decreased, and the processing fee has increased [44] - **Outlook**: In the short - term, the PTA processing fee has adjusted to the average level of previous years, and the upward space may be limited. The inventory is still low, the supply - end changes are small, the demand - end has a seasonal decline, but the cost - end and market sentiment boost the market. It is expected to oscillate, and it is necessary to operate carefully and pay attention to oil price changes [44] Ethylene Glycol - **Market Performance**: The previous trading day, the ethylene glycol main contract increased in volume and rose 5.99%, mainly driven by device production cuts and market sentiment. The overall and synthetic - gas - based ethylene glycol operating loads have decreased, and some devices have plans for production cuts or shutdowns [45] - **Outlook**: In the short - term, the supply - end of ethylene glycol has shrunk due to increased domestic and foreign device overhauls, and the market sentiment has been boosted. However, the port inventory still has pressure, and the pre - arrival volume at ports has increased significantly. There is obvious seasonal inventory accumulation pressure in January and February, and it may gradually enter the de - inventory channel in March. The upward space in the short - term may be limited. It is recommended to operate carefully and pay attention to port inventory and supply changes [46] Short - Fiber - **Market Performance**: The previous trading day, the short - fiber 2603 main contract rose 3.45%. The short - fiber device load has increased slightly, the downstream terminal start - up rate has decreased locally, and the factory's raw material inventory has increased [47] - **Outlook**: In the short - term, the short - fiber supply remains at a relatively high level, the sales of polyester short - fiber have improved, the terminal factory is mainly digesting raw material inventory, and the low inventory may provide bottom support. It is mainly trading based on the cost - end logic and may oscillate with raw material prices. It is necessary to control risks and pay attention to cost changes and downstream pre - holiday inventory stocking [47] Bottle - Chip - **Market Performance**: The previous trading day, the bottle - chip 2603 main contract rose 4.4%. The bottle - chip processing fee has recovered, the factory load has decreased slightly, and there are plans for concentrated production cuts and restarts around the Spring Festival [48] - **Outlook**: Recently, the bottle - chip load has decreased slightly, and there are expectations of supply reduction around the Spring Festival. The export growth rate has increased, but the main logic is still on the cost - end. It is expected to oscillate with the cost - end. It is recommended to participate cautiously at low levels and pay attention to the implementation of overhaul devices [48] Soda Ash - **Market Performance**: The previous trading day, the main 2605 contract closed at 1198 yuan/ton, rising 2.04%. The production has decreased slightly, the inventory is still accumulating, the equipment operation is increasing, the downstream demand is general, and the price is relatively stable [49] - **Outlook**: The off - season characteristics are significant. The short - term market lacks substantial support, and the price is expected to adjust steadily. It is recommended to be cautious [51] Glass - **Market Performance**: The previous trading day, the main 2605 contract closed at 1064 yuan/ton, rising 1.33%. The number of production lines remains unchanged, the inventory is increasing, the trader's inventory is also increasing, the enterprise's shipment has slowed down, and the downstream demand is shrinking [52] - **Outlook**: The market sentiment is calm, the industry profit is low, the downward space is limited. It may rise due to a technical rebound in the short - term, but it is necessary to pay attention to the risk of returning to the fundamentals. It is expected to oscillate before the Spring Festival [52] Caustic Soda - **Market Performance**: The previous trading day, the main 2603 contract closed at 1945 yuan/ton, rising 0.15%. In winter, the supply is sufficient, the inventory is accumulating, the demand is weak, and the transportation in the north is affected by cold weather [53] - **Outlook**: The seasonal characteristics are significant. The pre - holiday trading sentiment may fluctuate due to the price fluctuation of alumina, but considering that the fundamentals of the middle and lower reaches have not improved significantly, it is recommended to be cautious [54] Pulp - **Market Performance**: The previous trading day, the main 2605 contract closed at 5398 yuan/ton, rising 0.78%. The inventory is accumulating, the spot trading is light, and the prices of various types of pulp have declined to varying degrees [55] - **Outlook**: The downstream market's inventory stocking is approaching the end, and the port inventory is continuously accumulating. The market sentiment is pessimistic. Although the disk has a short - term technical rebound, it is necessary to treat it rationally [56] Carbonate Lithium - **Market Performance**: The previous trading day, the carbonate lithium main contract rose 7.31% to 181,520 yuan/ton. The macro - liquidity release has pushed up the commodity pricing center [57] - **Outlook**: The supply of lithium resources is elastic, the production is at a high level, the demand in the energy - storage and power - battery sectors has improved, the inventory is gradually decreasing, and the price has strong support below, but the short - term fluctuation may increase. It is necessary to control risks [57] Non - Ferrous Metals Copper - **Market Performance**: The previous trading day, the Shanghai copper main contract closed at 102,830 yuan/ton, rising 2.21%. The US economic data is divided, the Fed's long - term monetary policy is expected to be loose, and the global copper concentrate is in short supply [58] - **Outlook**: The demand is suppressed by high prices, the inventory is accumulating, and the short - term supply - demand is loose. It is expected to adjust at a high level. It is necessary to pay attention to the Fed's interest - rate meeting this week [59] Aluminum - **Market Performance**: The previous trading day, the Shanghai aluminum main contract closed at 24,315 yuan/ton, rising 0.75%, and the alumina main contract closed at 2719 yuan/ton, falling 0.11%. The alumina market has a supply surplus, and the high aluminum price suppresses downstream demand [61] - **Outlook**: Both the upstream and downstream of the aluminum industry chain are under pressure in the short - term. It is expected to adjust at a high level [61] Zinc - **Market Performance**: The previous trading day, the Shanghai zinc main contract closed at 24,690 yuan/ton, rising 0.51%. The domestic refined zinc production has increased, the demand is in the off - season, and the inventory has increased slightly [63] - **Outlook**: The zinc price lacks the momentum to continue rising and is unlikely to fall sharply. It is expected to oscillate and adjust [64] Lead - **Market Performance**: The previous trading day, the Shanghai lead main contract closed at 17,145 yuan/ton, rising 0.29%. The lead concentrate processing fee is low, the supply and demand are both weak, and the inventory is increasing slightly [66] - **Outlook**: The fundamentals have no obvious contradictions, and the lead price is expected to maintain a range - bound oscillation [66] Tin - **Market Performance**: The previous trading day, the Shanghai tin main contract rose 6.56% to 447,140 yuan/ton. The exchange has introduced cooling measures, and the geopolitical conflicts have pushed up the price center [68] - **Outlook**: The supply is tight, the demand has certain resilience, the inventory is decreasing, and the price is expected to oscillate strongly. It is necessary to control risks [68] Nickel - **Market Performance**: The previous trading day, the Shanghai nickel main contract rose 1.2% to 146,760 yuan/ton. The "strategic reserve" metals have generally risen, and the Indonesian nickel policy has changed [70] - **Outlook**: The nickel ore price has support, but the stainless - steel market is in the off - season, the demand is weak, and the refined nickel is in an oversupply situation. It is necessary to pay attention to relevant Indonesian policies [70] Agricultural Products Soybean Oil and Soybean Meal - **Market Performance**: The previous trading day, the soybean meal main contract and soybean oil main contract rose 0.07% each. The spot prices of soybean meal and soybean oil in different regions changed. The market demand expectation has improved, and the South American weather concerns provide support [71] - **Outlook**: The domestic soybean import has slowed down, the oil - mill crushing is in a loss, the cost support has been adjusted downward, the soybean meal demand has a moderate increase, and the soybean oil demand has slightly improved. It is recommended to pay attention to long - position opportunities for soybean meal in the low - cost support range and consider exiting long - positions for soybean oil when the price rises [72] Palm Oil - **Market Performance**: The Malaysian palm oil has fallen due to profit

Core Insights - The global Chinese cuisine industry is undergoing significant transformation, shifting from "craft inheritance" to "industry aggregation" and from "dispersed development" to "ecological symbiosis" in response to globalization and consumer upgrades [1] - The "WCCN Food Power Inheritance Conference" held on January 22, 2026, aimed to address core challenges in cultural inheritance, standard construction, and collaborative development within the industry, while launching the "Master Handcrafted Restaurant Evaluation Standard System" to inject new momentum into the high-quality development of Chinese cuisine [1] Group 1: Strategic Direction - The rise of green economy and healthy living concepts is driving a "kitchen revolution" globally, emphasizing the importance of food safety and national health in the transformation of the Chinese cuisine industry [2] - The Chinese government is focusing on integrating traditional wisdom, such as medicinal cuisine, into national strategies to strengthen the foundation of national health through daily dietary practices [2] Group 2: Industry Foundation - China's grain production has consistently exceeded 1.4 trillion jin for two consecutive years, ensuring a robust supply of essential food products, which supports innovation in Chinese cuisine [4] - The implementation of strict agricultural product standards and the establishment of exclusive standards for unique Chinese ingredients aim to promote a return to nutritional health and flavor essence in the industry [4] Group 3: Cultural Promotion and Globalization - The conference highlighted the role of Xinhua News in promoting cultural transmission and high-quality development of Chinese cuisine, emphasizing the need for a professional and international exchange platform to enhance global competitiveness [6] - The Chinese cuisine industry faces challenges such as narrative shortcomings and a lack of global discourse power, necessitating the creation of cultural IPs and immersive experiences to elevate its global presence [13] Group 4: Standardization and Quality Assurance - The launch of the "Master Handcrafted Restaurant Evaluation Standard System" marks a new phase in the Chinese cuisine industry, aiming to establish a standard that reflects cultural depth and promotes self-definition rather than being defined by foreign standards [15] - The evaluation system includes categories such as boutique restaurants and medicinal cuisine, with a focus on transparency and traceability in the certification process [17] Group 5: Health and Medicinal Cuisine - The newly added standards for medicinal cuisine address the growing market demand, which has increased by 30% annually, and aim to ensure quality through professional qualifications and dynamic regulation [19] - The establishment of an expert committee for medicinal cuisine standards will provide intellectual support for the standardized development of this sector [19] Group 6: Future Outlook - The conference facilitated a transition from concepts to actions in the Chinese cuisine industry, with a focus on cultural heritage and scientific standards to enhance global competitiveness [20] - The industry aims to leverage its cultural richness and scientific frameworks to contribute to global health and cultural exchange [20]

Group 1: Low-Carbon Tourism in Jiangxi - The Dajue Mountain Scenic Area in Jiangxi is promoting low-carbon tourism, integrating ecological advantages into development and encouraging green consumption [2][3] - The scenic area features a 13.14 km long cliff train system that operates at altitudes of 800 to 1100 meters, with a maximum daily capacity of 25,000 visitors, significantly reducing pollution and carbon emissions [3] - The introduction of a "carbon currency" system allows visitors to earn carbon credits through eco-friendly behaviors, which can be exchanged for discounts on tickets and other services, creating a closed-loop incentive for green actions [3][4] - By November 2025, the county received 10.6371 million visitors, an 8.96% increase year-on-year, generating a total tourism revenue of 4.721 billion yuan, up 11.52% year-on-year [4] Group 2: Traditional Chinese Medicine in Shandong - Traditional Chinese medicine (TCM) is gaining popularity among young people in Weifang, Shandong, with various health and wellness markets attracting significant foot traffic [5][6] - The Weifang Municipal Hospital has established a health tea market, and local restaurants are developing medicinal cuisine, integrating TCM into daily life [7][8] - In 2023, Weifang launched several TCM health tourism routes, successfully engaging younger demographics and promoting TCM services beyond traditional clinical settings [7][8] Group 3: Smart Consumption in Chengdu - The Chunxi Road shopping district in Chengdu is enhancing consumer experiences through technology, featuring interactive robot activities and smart service platforms [9][10] - The "Cloud Chunxi" service platform and "Code to Tour Jinjiang" mini-program facilitate smart management and consumer engagement, providing real-time data and promotional activities [10][11] - The district aims to leverage advanced technologies like 5G, holography, and AR to create more integrated cultural and tourism consumption scenarios [11]

Group 1: Low-Carbon Tourism in Jiangxi - Jiangxi Zixi is transforming its ecological advantages into development momentum through low-carbon tourism, making green consumption a new trend in tourism [1][2] - The Dajue Mountain scenic area features a 13.14 km cable car line that operates at altitudes of 800 to 1100 meters, designed to reduce pollution and carbon emissions with a maximum daily capacity of 25,000 visitors [3] - The scenic area has introduced a "carbon currency" system, allowing visitors to earn carbon credits through eco-friendly behaviors, which can be exchanged for discounts on tickets and other services [3][4] - By November 2025, Zixi received 10.6371 million visitors, an 8.96% increase year-on-year, generating a total tourism revenue of 4.721 billion yuan, up 11.52% year-on-year [4] Group 2: Traditional Chinese Medicine in Shandong - In Shandong Weifang, traditional Chinese medicine is becoming more accessible and appealing to younger consumers through various health markets and wellness initiatives [5][6] - The Weifang Traditional Chinese Medicine Hospital has partnered with local hotels to establish a health food research center, promoting medicinal cuisine and beverages [6] - In 2023, Weifang launched several health tourism routes, attracting young people to engage with traditional Chinese medicine in everyday settings [6][7] Group 3: Smart Consumption in Chengdu - Chengdu's Chunxi Road shopping district is integrating technology to create immersive consumer experiences, featuring interactive robot activities and smart service platforms [7][8] - The "Cloud Chunxi" service platform enhances management and consumer interaction, providing real-time data on business operations and safety [8] - The "Code to Tour Jinjiang" mini-program facilitates international tourists' navigation and shopping experiences in the district, with plans to incorporate advanced technologies like 5G and AR for future enhancements [8]

Market Overview - The Shanghai Composite Index rose by 0.33%, the Shenzhen Component Index increased by 0.79%, and the ChiNext Index gained 0.63% on January 23, 2026, with over 3,700 stocks rising in total [4][5] - The trading volume in the Shanghai and Shenzhen markets exceeded 3.1 trillion yuan, indicating a recovery in market confidence [4] Industry Focus - The commercial aerospace sector is entering a golden era driven by both demand and supply, with significant investment opportunities in satellite manufacturing and launching [1] - The "15th Five-Year Plan" emphasizes the goal of building a strong aerospace nation, marking a strategic focus for the upcoming years [1] Fund Dynamics - Public fund management scale increased by over 1.3 trillion yuan in Q4 2025, with money market funds, bond funds, commodity funds, and index funds being the main growth drivers [13] - Headline private equity firms are increasing their positions, with stock private equity positions exceeding 81% as of January 9, 2026, indicating a bullish outlook for structural opportunities in 2026 [14] Industry Developments - The "Jiuquan Commercial Aerospace Industry Development Plan (2026-2035)" has been officially released, aiming to establish a national commercial aerospace launch base [10] - China has successfully completed its first space metal 3D printing experiment, showcasing advancements in additive manufacturing technology in microgravity environments [11] - The launch of six major platforms in Beijing's commercial aerospace sector aims to accelerate the development of a comprehensive "thousand stars production and launch" capability [12]

Group 1: Economic Development Strategy - The core viewpoint emphasizes the importance of domestic demand-driven economic growth, with a focus on consumption and investment as key drivers for sustainable development [1] - The "15th Five-Year Plan" aims to enhance ecological policies to stimulate domestic demand and promote green transformation [1][3] Group 2: Green Investment and Infrastructure - The construction of ecological infrastructure is identified as a crucial engine for driving green domestic demand, with an estimated investment of 803.74 billion yuan in pollution control for 2024 [4] - The government is expected to play a leading role in guiding social capital towards ecological investments, creating new economic growth points [2][4] Group 3: Green Consumption and Standards - Activating green consumption is essential for linking high-level ecological protection with quality living, with new consumption scenarios emerging from the "Beautiful China" initiative [6][7] - The enhancement of ecological standards is necessary to stimulate greater green consumption, with a focus on electric vehicles and energy-efficient appliances [8][9] Group 4: Technological Innovation - Technological innovation is highlighted as a core driver for green transformation, with a focus on key technology breakthroughs and the commercialization of research outcomes [10] - The establishment of a national platform for ecological technology transfer aims to support enterprises in achieving green and low-carbon development [10] Group 5: Global Green Trade - The expansion of green trade is seen as a way to enhance domestic industries' international competitiveness, with projections indicating a significant market growth for green products by 2030 [11] - The strategy includes aligning domestic green standards with international ones to facilitate better integration into global green trade [11]

（原载于《光明日报》2026年1月15日第2版，本文有删节） 推进绿色消费，首先需要宣传推广绿色低碳的价值理念，让它融合到日常消费活动的方方面面，并融合 到厂家商家的生产经营活动之中，成为行为转变的"支点"和"触发点"。新供给能够创造新需求，只有厂 家和商家努力开发绿色产品，大力提供绿色服务，才能不断扩大绿色消费，助力节能减排和降低资源能 源的消耗。大众的日常消费行为也蕴含着聚沙成塔、集腋成裘的力量，能够有力带动整个社会生活的绿 色低碳转型。从运作层面看，有效推进绿色消费行动，使其在生产生活等各个不同领域真正深入人心、 落地见效，需要各地不断健全完善绿色消费激励机制，为实现绿色消费营造更为便捷可及的场景条件， 提供更加坚实有力的政策支持。在场景条件营造方面，需要对照丰富绿色产品供给、提升绿色服务消 费、创新绿色消费模式、推动绿色循环回收、优化绿色消费环境等目标要求，因地制宜、不断革新，推 进相关领域的政策协调与工作协同。 ...

Market Overview - The A-share market is experiencing a high-level fluctuation, with increasing attention on corporate fundamentals as more companies disclose their 2025 performance forecasts [1] - Market analysts predict that from late January to before the Spring Festival, the overall market may maintain a strong oscillation pattern, with a continuation of differentiated trends [1] Investment Opportunities - Institutions suggest focusing on short-term rotation and rebound opportunities in the technology innovation sector, particularly in the "AI+" downstream applications and upstream materials and infrastructure [1][9] - The manufacturing and resource sectors show clear paths for profit recovery, with a focus on industries like non-ferrous metals and basic chemicals that have performance support under price increase logic [1][5] Regulatory Developments - The China Securities Regulatory Commission (CSRC) has released guidelines for public fund performance benchmarks, marking a significant step in promoting high-quality development in the public fund industry [2] IPO Developments - The CSRC has approved the IPO registration of Shenzhen Dapu Microelectronics Co., marking the first approval for an unprofitable company on the ChiNext board, which focuses on enterprise-level storage and serves key applications in AI and cloud computing [3] Consumer Market Initiatives - The Ministry of Commerce has proposed initiatives to enhance consumption, including a "trade-in" program for consumer goods, aiming to stimulate demand in sectors like automotive and home goods [4] Sector-Specific Insights - China Galaxy emphasizes the importance of performance indicators in guiding structural market trends, with a focus on high-growth sectors and profit recovery in specific segments [5] - Dongwu Securities highlights that companies with better-than-expected performance are likely to yield excess returns, particularly in sectors like computing, communication, lithium batteries, and energy storage [6] - Zhongtai Securities recommends a segmented and dynamic investment strategy, focusing on high-elasticity sectors such as robotics within the technology sector [7][8] Investment Strategies - Jiashi Fund suggests a cautious approach, focusing on two main investment opportunities: "AI+" applications and low-position domestic demand sectors benefiting from policies aimed at expanding domestic consumption [9] - Lobo Mai Fund maintains a positive outlook on copper demand, noting a strengthening growth logic amid supply contraction trends [10] - Caitong Fund asserts that the current AI sector is not in a bubble phase, with significant growth potential as more companies launch AI applications [11]