Core Viewpoint - The Shanghai Municipal Development and Reform Commission has announced a list of major engineering projects for 2026, which includes 184 officially planned projects across various sectors, with a total investment target of 255 billion yuan, marking a historical high [1] Group 1: Project Categories - The 184 major projects are categorized into several sectors: 62 in technology and industry, 29 in social welfare, 13 in ecological civilization, 68 in urban infrastructure, and 12 in rural integration and revitalization [1] - There are also 14 planned preparatory projects for 2026 [1] Group 2: Project Status - Among the 184 projects, 16 are planned to commence construction, 22 are expected to be completed, and 168 are currently under construction [1] - Notable projects include the establishment of a national deep-sea long-term scientific observation system and various research and development bases in the technology sector [1] Group 3: Investment Details - The annual investment plan for 2026 is set at 255 billion yuan, which is a record high for the city [1] - The technology sector projects include significant initiatives such as the Shanghai hard X-ray free electron laser facility and key physical technology projects for magnetic-inertial confinement fusion energy systems [1]

Group 1 - The military industry ETF Huabao (512810) experienced a rise of 1.43% during intraday trading on February 12, with real-time transactions exceeding 35 million yuan [1] - Among the constituent stocks, Yingliu Co. reached the daily limit, while Huafeng Technology and Aero Engine Corporation of China saw significant increases of 11.73% and 6.09% respectively [1] - The domestic 3D printing equipment industry has seen a notable increase in sales due to the recovery of downstream military and aerospace businesses, with many leading companies actively expanding production to meet lightweight and precision demands [3] Group 2 - The 14th Five-Year Plan emphasizes the high-quality advancement of national defense and military modernization, accelerating the update of advanced weaponry and equipment, indicating a new development period for military equipment [3] - The defense and military industry is identified as a crucial direction for breakthroughs in new productive forces, with a broad industry outlook supported by the increasing importance of national defense security amid global conflicts [3] - The military ETF Huabao passively tracks the CSI Military Industry Index, with the top ten weighted stocks including China Shipbuilding, Guangqi Technology, Aerospace Electronics, Aero Engine Corporation, and others [3]

2026年是农历丙午年，60年一遇的"赤马年"，象征活力、变革与机遇。 专题：资本市场大咖2026新春献词：骏马踏春来 驭势稳行启新程 编者按：辞旧迎新，金马贺岁。值此新春佳节，新浪财经特邀公私募领域数十位领军人物，通过镜头与 文字，为投资者送来马年新春祝福。信心如磐，笃行致远。愿这一声声真挚寄语，伴您策马扬鞭，共赴 投资长路。 申万菱信基金董事长陈晓升送来新春祝福。他表示，2026年是农历丙午年，60年一遇的"赤马年"，象征 活力、变革与机遇。党的二十届四中全会关于十五五规划的建议稿和美国特朗普政府新版国家安全战略 （NSS）先后发布，一个新的历史篇章开始了。 2026年作为"十五五"规划开局之年，重大项目集中落地、政策红利持续释放，将为中国经济注入新动 能。十五五规划的新动能，和历史上重心有所不同，这一次更加注重科技"自立自强"，加强原始创新和 关键核心技术攻关；更加注重"投资于人"，部署了一批均衡性可及性强的政策举措；更加注重"自主开 放"，拓展国际循环，稳步扩大制度型开放。与此同时，美国2026年的主题是中期选举，其经济政策值 得关注，2026年可以期待一次"新模式"。 党的二十届四中全会关于十五五规 ...

Group 1: Photovoltaic Industry - The photovoltaic industry is expected to recover from losses in 2026, driven by supply-side reforms and increased demand from AI infrastructure, with a potential for exceeding global demand expectations[1] - In 2025, China's photovoltaic installations reached 315.07 GW, a year-on-year growth of 13.67%, despite a significant drop in December's installations by 43% compared to the previous year[14] - The average price of polysilicon increased by over 50% from June to November 2025, indicating a recovery in pricing dynamics within the industry[22] Group 2: Wind Power Industry - The wind power sector is experiencing a favorable supply-demand balance, with significant growth expected in offshore wind installations and exports in 2026[1] - Wind power bidding has maintained high levels of activity since 2025, indicating a robust market outlook for domestic wind power growth[1] - The offshore wind market is projected to become a key growth area, with increasing demand for domestic and international projects[1] Group 3: Electric Vehicle Market - In 2025, China's new energy vehicle sales reached 16.49 million units, reflecting a year-on-year growth of 28.2%, continuing the industry's rapid development[2] - The prices of key materials for electric vehicles, such as lithium hexafluorophosphate and vinyl carbonate, surged by 222.67% and 254.21% respectively in the second half of 2025, contributing to improved profitability in the sector[2] - The industry is entering a new phase of quality improvement and efficiency enhancement, driven by technological innovations and supply chain autonomy[2] Group 4: Investment Recommendations - For photovoltaic investments, focus on leading companies with technological and cost advantages, such as GCL-Poly Energy and JA Solar[3] - In the wind power sector, recommend investing in turbine manufacturers like Goldwind Technology and cable companies like Orient Cable, which are well-positioned for growth[3] - In the lithium battery sector, prioritize companies with improving profitability, such as CATL and Guoxuan High-Tech, as the market recovers[8]

Group 1 - The core message emphasizes the importance of unity among various political parties, business associations, and non-partisan representatives in contributing to China's modernization efforts during the critical phase of the 14th Five-Year Plan [3][5][7] - The speech highlights the need for these groups to strengthen political leadership and align closely with the Communist Party of China, ensuring that they work together towards common goals [3][5][7] - It stresses the significance of high-quality development and the role of the All-China Federation of Industry and Commerce in guiding private economic actors to maintain confidence in development [3][5] Group 2 - The central task for political parties and business associations is to fulfill their responsibilities in line with the major strategic tasks outlined for economic and social development during the 14th Five-Year Plan [5][7] - There is a call for enhancing the internal structure and governance of these organizations to ensure effective participation in the new political party system [5][7] - The importance of fostering a positive atmosphere and improving organizational discipline is emphasized to maintain the vitality of multi-party cooperation [5][7]

| < W | | | 美元兑人民币(CFETS) | | O | | --- | --- | --- | --- | --- | --- | | | | | USDCNY.IB | | | | 6.9018 | | 前收 | 6.9115 | 开盘 | 6.9083 | | -0.0097 | -0.14% | 卖品 | 6.9020 | 买入 | 6.9018 | | 最高 | 6.9088 | 今年来 | -1.25% | 20日 | -0.98% | | 最低 | 6.8998 | 10日 | -0.64% | 60日 | -2.96% | | 分时 | 五日 | 目K | 周K | | 更多 ◎ | | 叠加 | | | | | | | 6.9228 | | | | | 0.16% | | 6.9115 | | | | | 0.00% | | 9002 | | | | | -0.16% | | 9:30 | 13:45 | | 18:15 | 22:30 | 3:00 | | < W | 美元兑离岸人民币 | | | | O | | --- | --- | --- | --- | --- | --- ...

Group 1: Industry Overview - The year 2026 marks the official start of the "14th Five-Year Plan" and is crucial for the trust industry to return to its core business, accelerate transformation, and enhance quality and efficiency [1] - Multiple trust institutions, including Everbright Xinglong Trust, China Resources Trust, and Zhongcheng Trust, held annual meetings focusing on high-quality development as a core goal, outlining a grand blueprint for differentiated, specialized, and high-quality growth in the trust industry [1] Group 2: Everbright Xinglong Trust - Everbright Xinglong Trust emphasizes a stable and progressive approach, proposing seven key areas of focus: strengthening party leadership, transformation and development, risk resolution, compliance, departmental conduct, institutional mechanisms, and strict party governance [2] Group 3: China Resources Trust - China Resources Trust aims for systematic reconstruction of core competitiveness, aligning with group strategy, and focusing on five major tasks: consolidating leading business advantages, improving risk management, deepening organizational restructuring, strengthening talent development, and upgrading digital transformation [3] Group 4: Zhongcheng Trust - Zhongcheng Trust reported significant achievements with asset management exceeding 1.5 trillion yuan and a securities asset management trust scale surpassing 1 trillion yuan, emphasizing compliance and risk management while enhancing its role in national strategy and group development [4] Group 5: Foreign Trade Trust - Foreign Trade Trust held a meeting themed "Practical Action Towards New and Better," summarizing the execution of its 2025 strategy and assessing current economic conditions and industry trends to plan for 2026 [5] Group 6: Wukuang Trust - Wukuang Trust focuses on its mining characteristics as a strategic core, aiming to enhance core functions and competitiveness over the next five years, with a strong emphasis on party building, capabilities, talent, governance, conduct, and integrity [6] Group 7: Guotong Trust - Guotong Trust adopts a differentiated strategy to break through challenges, emphasizing user-centric approaches and process thinking to stimulate overall vitality and ensure compliance, while focusing on seven dimensions for development [7] Group 8: Zhongyuan Trust - Zhongyuan Trust celebrates its 40th anniversary with a focus on innovation and core principles, aiming for comprehensive improvement in operational quality by concentrating on political leadership, risk control, business transformation, talent development, benchmarking management, and internal collaboration [9] Group 9: Daye Trust - Daye Trust aims to deepen its market presence with a focus on asset service trusts, exploring innovative models in pension and charitable trusts, and establishing a professional reputation in niche markets [10]

Core Viewpoint - The "15th Five-Year Plan" marks a significant starting point for energy development in China, emphasizing the importance of building a strong energy nation and establishing a new energy system to support national modernization efforts [1] Group 1: Energy Development Strategy - The "15th Five-Year Plan" outlines strategic tasks for building an energy powerhouse, focusing on high-quality development and technological self-reliance [2][3] - The plan aims to establish a new energy system by the end of the "15th Five-Year Plan" period, which is crucial for the overall development of the country [3] Group 2: Technological Innovation - The emphasis is placed on enhancing the overall effectiveness of the energy technology innovation system, integrating various innovation elements and organizations [5] - The plan highlights the need for original innovation and tackling key core technologies to support the construction of a new energy system [3][4] - The integration of technological and industrial innovation is crucial, with a focus on developing new industries such as artificial intelligence and hydrogen energy [4][5] Group 3: Implementation and Goals for 2026 - Key areas of focus for 2026 include strengthening the energy technology innovation system and advancing major technological equipment demonstrations [6] - The plan includes the implementation of national technology major projects and enhancing energy efficiency while promoting green development [5][6] - The cultivation of new industries and business models in the energy sector is prioritized, particularly in areas like artificial intelligence and new energy storage [6]

Group 1 - The provincial government emphasizes the importance of the recent provincial two sessions and the need for various departments to align their actions with the outlined goals and tasks for the "15th Five-Year Plan" [2][3][5] - The focus is on enhancing political awareness and responsibility among staff, ensuring that the spirit of the provincial two sessions is integrated into teaching, research, and management processes [2][4] - Specific departments, such as the Human Resources and Social Security Department, are tasked with promoting high-quality employment and improving the social security system, while also addressing key issues like skills training and labor relations [3][4] Group 2 - The Agricultural and Rural Affairs Department is directed to focus on food security, poverty alleviation, and rural revitalization, translating learning outcomes into practical actions to address development challenges [4] - The Baoji Municipal Committee is urged to unify thoughts and actions around the provincial two sessions' directives, ensuring the implementation of key projects and tasks for 2026 [5][6] - There is a call for a balanced approach in industrial development, emphasizing the integration of traditional and emerging sectors, as well as the importance of intelligent, green, and integrated industrial transformation [6]

2月9日至10日，习近平总书记在北京考察并看望慰问基层干部群众，向全国各族人民致以美好的新春祝 福。细致的询问，殷切的叮嘱，彰显了"民生无小事，枝叶总关情"的深厚情怀，也激发了首都干部群众 干事创业的信心和干劲。大家纷纷表示，"十五五"开局之年，要拿出跃马扬鞭的勇气，保持马不停蹄的 干劲，开创首都各项事业发展新局面。 为"十五五"开局起步提供根本遵循 "北京要立足城市战略定位和京津冀协同发展，进一步树牢高质量发展导向"，总书记的指引，为北京奋 进"十五五"指明了前进方向、提供了根本遵循。 "着力健全基本公共服务体系""扎实解决人民群众急难愁盼问题""提升城市公共安全水平"……百姓生活 得好不好，是总书记长久的牵挂。 西城区民政局养老服务科科长易明丽表示，总书记春节前夕专程来到西城，走进新街口街道父母食堂、 银龄老年公寓，令她倍感温暖、倍增动力。"我们将始终牢记嘱托，坚守为民初心，把党和政府的温暖 送到每一位老年人身边，用心用情、精准精细做好养老服务工作，不断提升老年人的获得感、幸福感、 安全感，奋力推动养老服务工作再上新台阶。" "总书记的重要讲话为我们消防救援队伍指明了方向，注入了强大的奋进力量。"大兴区消 ...