Core Viewpoint - The People's Bank of China officially issued the 2026 Chinese Year of the Horse precious metal commemorative coin set on November 26, 2025, which includes 11 coins: 6 gold, 4 silver, and 1 platinum, all recognized as legal tender in the People's Republic of China [2]. Group 1: Commemorative Coin Details - The commemorative coin set aims to enrich China Merchants Bank's physical precious metal products and meet customer demand for precious metal consumption and investment collection [2]. - The Year of the Horse is a significant symbol in Chinese zodiac culture, representing positive energy and auspicious meanings such as "success" and "spirit" [5]. - The 2026 commemorative coin is the fourth round of the Year of the Horse coins, featuring a diverse design that caters to various collector preferences [5]. Group 2: Design and Cultural Significance - The coin designs incorporate various artistic styles, expressing the Year of the Horse culture through creative elements and auspicious symbols, conveying a spirit of perseverance and good wishes for the year [7]. - The series has a rich history of 45 years since its inception in 1981, making it one of the earliest and most diverse collectible series in China [4]. Group 3: Purchase and Participation Information - Customers can participate in a lottery for purchasing the coins through the China Merchants Bank App, with results announced on the evening of December 5 [12]. - Specific rules for the lottery and order modifications are outlined, emphasizing the importance of accurate information submission and the non-applicability of a return policy for non-quality issues [12].

Core Points - The People's Bank of China will issue a set of 2026 Chinese Year of the Horse precious metal commemorative coins on November 26, 2025, consisting of 11 coins: 6 gold, 4 silver, and 1 platinum, all of which are legal tender in the People's Republic of China [2] - The design principle of the 2026 Year of the Horse commemorative coins is "one coin, one design," featuring diverse styles on the reverse side, incorporating modern minting techniques such as high relief, multi-layer sandblasting, mirror polishing, color-changing effects, and color printing, with some coins handcrafted to showcase the dynamic spirit of horses and the artistic tension of the coin surface [2] - The horse symbolizes vigor and an indomitable spirit in Chinese zodiac culture, representing qualities such as strength, brightness, enthusiasm, and the national spirit of "Longma Spirit," which embodies a vigorous and forward-moving attitude, along with the auspicious saying "Ma Dao Cheng Gong," reflecting people's aspirations for smooth endeavors and immediate success [2] Industry Insights - The 2026 Year of the Horse precious metal commemorative coins are part of one of the most culturally rich series of precious metal coins in China, which are highly favored by collectors both domestically and internationally [3] - The issuance of these coins continues the innovative expression of traditional culture and craftsmanship, further promoting the dissemination of zodiac culture and the development of the coin collection market [3] - The coins can be pre-ordered through various banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and others, indicating a broad distribution network for collectors [3]

Core Points - The People's Bank of China plans to issue the 2027 Year of the Sheep gold and silver commemorative coins in 2026, with a call for design submissions [1] - The design should reflect the theme of the Year of the Sheep and explore the cultural significance of the Chinese zodiac [1] Design Requirements - The design must accurately convey the zodiac theme and can utilize various artistic methods, encouraging innovation [1] - The reverse design can be circular or plum blossom-shaped, and submissions can be monochrome or colored [3] Submission Guidelines - The call for designs is open to all individuals and organizations [4] - Submission period is from November 21, 2025, to December 30, 2025, with specific submission hours [5][10] - All submitted designs must be original, and the authors must hold exclusive copyright [6] Confidentiality Obligations - Authors must not disclose their designs before the official announcement by the People's Bank of China [8][9] Evaluation and Compensation - A committee will evaluate the submissions, and selected designs will be subject to modifications as per the committee's feedback [13] - The compensation for selected designs is set at 20,000 RMB (after tax) for individuals and 20,000 RMB (before tax) for organizations [15]

Core Viewpoint - The "Beijing 2022 Winter Olympics Four-Year Anniversary Special Edition - Madundun Series Products" has been officially launched for pre-order, with a wide range of purchasing channels available across China [1][3]. Group 1: Product Launch and Availability - The Madundun series products will be officially available for sale on November 28, through various channels including Tmall's "Olympic Official Flagship Store," China Unicom APP, and 1,500 retail outlets across 31 provinces [1]. - Additional purchasing options include China Post's branches, international duty-free shops in Sanya and Haikou, and several notable locations in Beijing [1]. Group 2: Product Features and Variants - This year's Madundun series features six figurines, including four regular versions ("Chitu Madundun," "Peach Blossom Madundun," "Qingzong Madundun," "Bailong Madundun") and two hidden versions ("Feihuang Madundun," "Wuzhu Madundun") [3]. - The product range includes nearly a hundred items such as plush toys, figurines, badges, refrigerator magnets, ceramics, keychains, postcards, precious metals, and cushions, showcasing a diverse representation of the Madundun character [3]. Group 3: Cultural Significance - Madundun serves as a cultural ambassador, promoting Olympic spirit, sports culture, and Chinese culture, while being a part of the Olympic intellectual property development [3]. - The series has successfully integrated Olympic culture with Chinese zodiac culture, exemplifying a blend of sports, culture, and entertainment, thereby establishing a strong connection between Olympic culture and everyday life [3].

Core Viewpoint - The company is set to launch a new AI toy, the AI Zodiac Horse, in celebration of the upcoming Year of the Horse, integrating traditional cultural elements with modern technology [1] Group 1: Product Development - The company has a history of combining toys with traditional zodiac culture, having previously launched several themed toys [1] - The new AI Zodiac Horse toy is developed in collaboration with Baidu Smart Cloud, featuring Baidu's 200B large model [1] - The product will include a unique feature for interpreting the New Year's fortune related to the Year of the Horse, enhancing its educational and emotional support capabilities [1] Group 2: Marketing Strategy - The company plans to utilize multiple social media platforms for promoting the new product, aiming to bring joy to users during the New Year celebrations [1]

Core Points - The issuance of zodiac stamps significantly promotes the transmission and dissemination of Chinese zodiac culture, serving as a vibrant carrier for Chinese culture to reach the world and providing emotional recognition and blessings for overseas Chinese [1][3] - The special stamp for the Year of the Horse, titled "Bingwu Year," will be officially released on January 5, 2026, following the unveiling of its design on October 29, 2025 [1] - This year's design process marks a historic breakthrough as it breaks professional barriers by inviting public submissions for the first time since 1980, receiving 440 designs from 169 participants aged between 8 and 84 [1] - The evaluation mechanism combines public and expert reviews, ensuring broad representation and fairness in the selection process, with 101 public judges selected from various regions, age groups, and professions [1] Design Highlights - The "Bingwu Year" special stamp is designed by Wang Hongwei and Zhao Enzhong, cleverly combining the image of a horse with the spirit of the Chinese people striving for progress in the new era, showcasing both pioneering spirit and collective strength [2]

Core Insights - Guizhou Moutai has launched a digital value-added service through its "i Moutai" app, allowing consumers to select production dates for their purchases of Moutai liquor, enhancing consumer choice and engagement [2][3] - The "date selection" service is a significant innovation in the high-end liquor market, providing a personalized purchasing experience that aligns with consumers' emotional connections to special dates [3][6] - The integration of traditional cultural elements, such as zodiac themes, with digital innovation enhances the emotional and cultural value of Moutai products, creating a unique market differentiation [4][6] Digital Innovation - The "i Moutai" app enables consumers to purchase Moutai liquor with the option to choose production dates from January 1, 2025, to the sales date, or to pre-order upcoming batches [2][3] - This service represents a shift from passive selection to active choice, allowing consumers to match their purchases with personal milestones and gifting occasions [3][6] - Moutai is exploring further applications of digital technology in areas like precision marketing and user rights systems to enhance consumer experience [3][8] Cultural Value - Moutai's zodiac-themed products, such as the "Snake Year" liquor, combine traditional cultural elements with modern marketing strategies, appealing to consumers' emotional needs [4][6] - The limited production of zodiac liquors creates a sense of scarcity, enhancing their collectible and sentimental value [6] - The cultural symbolism associated with these products strengthens brand loyalty and recognition in a competitive market [6][8] Market Strategy - Moutai's previous limited edition releases, such as the "70th Anniversary Commemorative Liquor," demonstrate the company's strategy of leveraging unique product attributes to achieve high market premiums [7] - The company maintains a user-centric service philosophy, focusing on optimizing product supply and service processes through digital innovation [8] - By ensuring product authenticity and channel credibility, Moutai aims to provide consumers with a seamless and trustworthy purchasing experience [8]

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