Core Insights - The Hengqin International Digital Talent Training Base has officially commenced trial operations, marking a significant step in promoting cross-border cooperation and talent development between China and Portuguese-speaking countries [1][3][10] Group 1: Training and Development - The base aims to train over 3,000 students annually, focusing on areas such as artificial intelligence, smart education, and the digital economy [1][3] - The training platform is a collaborative effort between the China-Portuguese (Spanish) Economic and Trade Service Center, Huawei Technologies, and Beijing Wenhua Online Education Technology Co., Ltd [1][3] - The first batch of courses attracted over 60 students from Portuguese-speaking countries, including Mozambique, Mexico, Uruguay, and Cuba [5][10] Group 2: Strategic Partnerships - A cooperation agreement was signed between the Hengqin Guangdong-Macao Deep Cooperation Zone Industry Investment Fund, the China-Portuguese Economic and Trade Center, and the base's operating entity, indicating a substantial advancement in funding and resource integration [5] - The center aims to assist enterprises in expanding into Portuguese-speaking countries by providing a range of professional services, including investment and financing support [3][5] Group 3: Future Plans and Goals - The base plans to establish an ICT certification center that will serve Latin America, with a goal of training over 10,000 individuals annually in the medium term [7] - Long-term objectives include becoming a core platform for mutual recognition of digital talent standards between China and Latin America, as well as applying for national foreign aid projects [7][9] - The base will leverage its geographical and cultural advantages to provide targeted training and services, enhancing the digital education landscape in Portuguese-speaking countries [3][9]

Group 1: Economic Framework - The concept of "new economy" emphasizes technology and intellectual property, first introduced in China's 2016 government work report, advocating for the development of high-tech industries and modern services[3] - The Solow model suggests that long-term per capita output growth is driven solely by exogenous technological progress, while endogenous growth theory posits that knowledge and innovation can lead to sustained internal growth[3][14] Group 2: Empirical Evidence - A multiple linear regression model using quarterly data from September 2016 to September 2025 indicates that technological innovation, digital economy, and high-quality openness significantly drive industrial upgrading[3][33] - The model's R-squared value is 0.8181, indicating a high degree of fit, with significant F-statistics (F=28.78, p=0.0000) confirming the joint significance of the explanatory variables[38][46] Group 3: Core Mechanisms - The core mechanisms of industrial upgrading include technological integration, factor innovation, and organizational change, with "creative destruction" facilitating structural optimization through new technologies and industries[3][49] - The importance of new production factors such as knowledge, data, and computing power is increasing, leading to transformations in traditional factors like labor and capital[3][49] Group 4: Empowerment Pathways - High-end, intelligent, green, and global pathways are identified as key empowerment routes for industrial upgrading, with high-tech manufacturing and equipment manufacturing showing strong growth, maintaining over 6% year-on-year growth since 2024[3][49] - The digital economy is projected to see data transaction volumes exceed 160 billion yuan in 2024, with a year-on-year growth of over 30%[3][49] Group 5: International Comparisons - The report draws lessons from the U.S. "technology-industry-finance" collaborative system, Germany's "Industry 4.0" concept, and Japan's lean manufacturing model, emphasizing the importance of small and medium enterprises and continuous R&D investment[3][49]

庭审结束后，新业态代表纷纷表示通过此次"沉浸式"参观与庭审观摩，对新业态中的法律风险与司法保 护有了更为鲜活地认识，深刻体会到智慧法院建设在提升审判效率、保障新就业群体合法权益方面发挥 的重要作用。 活动当天，新业态代表在长春新区人民法院副院长杨光、长春互联网法庭庭长李爽的陪同下，依次参观 了在线诉讼服务大厅、融合法庭等场所，细致了解了全流程在线诉讼服务等司法创新成果，直观感受智 慧法院在提升司法便民、优化审理模式方面的积极探索。 随后，新业态代表现场观摩了一起新业态劳动争议案件的在线庭审。该案涉及网络主播与MCN公司之 间的劳动关系认定及收益分配争议，由法官韩斯主持。 庭审围绕新型用工关系性质、合作收益机制等核心争议，规范有序推进举证质证与法庭辩论，并最终当 庭达成调解，充分展现了互联网审判的专业水准与司法关怀。 近日，长春互联网法庭以"解锁互联网审判聚焦新业态发展"为主题举办开放日活动。活动邀请MCN机 构从业人员、网约配送员等新就业形态代表走进法庭，通过实地参观与庭审观摩相结合的方式，"零距 离"感受互联网审判流程，体验智慧司法的高效与公正。 此次活动是长春互联网法庭持续深化"五庭"品牌建设、拓展司法公 ...

Core Viewpoint - The app "死了么" (translated as "Are You Dead?") has gained significant attention in 2026, ranking first in the paid app category in China's Apple App Store, priced at 8 yuan. Its primary function is to send alerts to designated emergency contacts if the user fails to check in for 48 hours [2][5]. Group 1: Reasons for Popularity - The app's name has a natural viral marketing appeal, and it addresses the anxiety of living alone, particularly among the growing population of single and solitary individuals in China, which has surpassed hundreds of millions [5][7]. - The target audience includes "empty nest youth" and "elderly living alone," focusing on the concern of "what happens if an accident occurs at home and no one knows" [7]. - The app's simplicity is a key feature; it requires no registration, only the user's name and emergency contact email, making it user-friendly compared to other complex apps [9][13]. Group 2: Market Trends and Future Implications - The trend towards minimalistic and straightforward applications is emerging, contrasting with the increasingly complex and ad-laden mainstream apps that demand user attention rather than providing service [11][15]. - The app's design reflects a shift towards a digital economy characterized by a few major platforms and numerous simple, purpose-driven applications [17]. - The development team, consisting of three part-time members, has no immediate plans to change the app's name, viewing it as a direct reflection of a universal reality [19]. Group 3: Cultural Context and User Feedback - The app's name, which traditionally would be considered taboo in Chinese culture, is being embraced by younger generations who are more open to discussing death in a humorous context [19]. - Suggestions for improvement include changing the notification method to SMS and altering the app's name to something more palatable, like "活着么" (translated as "Are You Alive?") [19][21]. - The potential for a dual-version strategy exists, targeting both younger users with the current name and older demographics with a more gentle version, indicating a possible market expansion [21].

分行业来看，申万所属的一级行业中，今日上涨的有28个，涨幅居前的行业为传媒、计算机，涨幅为7.80%、7.26%。跌幅居前的行业为石油石 化、煤炭、房地产，跌幅为1.00%、0.47%、0.29%。 （原标题：两市主力资金净流出274.68亿元，电力设备行业净流出居首） 1月12日，沪指上涨1.09%，深成指上涨1.75%，创业板指上涨1.82%，沪深300指数上涨0.65%。可交易A股中，上涨的有4144只，占比75.91%，下 跌的1182只。 资金面上，今日主力资金全天净流出274.68亿元，已连续5个交易日资金呈净流出状态。其中，创业板主力资金净流出10.48亿元；科创板主力资金 净流出69.33亿元；沪深300成份股主力资金净流出126.47亿元。 数字经济ETF (产品代码: 560800) ★ 跟踪：中证数字经济主题指数 近五日涨跌:8.21% 行业资金流向方面，今日有11个行业主力资金净流入，计算机行业主力资金净流入规模居首，该行业今日上涨7.26%，全天净流入资金157.74亿 元，其次是传媒行业，日涨幅为7.80%，净流入资金为53.91亿元。 主力资金净流出的行业有20个，电力设备行业主 ...

Group 1 - The article emphasizes that expanding openness is a distinctive feature of Chinese modernization, with a commitment to high-level foreign openness by 2026 [2] - The current international environment is complex, and China's approach reflects confidence and responsibility in promoting cooperation and mutual benefits [2] - China aims to provide new opportunities for the world through its high-quality development [2] Group 2 - China's market is expanding, with over 1.4 billion people and a significant middle-income group, expected to exceed 50 trillion yuan in retail sales by 2025 [3] - The potential of the Chinese market is substantial, with an anticipated increase in the middle-income group to over 800 million in the next decade [3] - China is a major destination for exports from nearly 80 countries, with over 20 trillion yuan in imports annually, and has hosted the China International Import Expo with a cumulative transaction value exceeding 580 billion USD [3] Group 3 - China is the world's largest manufacturing country, providing high-quality and stable products, and is a key part of the global supply chain [4] - The renewable energy sector in China has seen an 80% reduction in the cost of solar power generation over the past decade [4] - China plans to enhance international cooperation in industries like renewable energy and green minerals, contributing to economic growth and improved livelihoods in partner countries [4] Group 4 - China's investment environment is improving, with ongoing efforts to relax foreign investment restrictions and align with international trade rules [5] - The country is becoming a global innovation hub, attracting multinational companies to establish R&D centers [5] - Future plans include expanding market access in the service sector and enhancing support for foreign enterprises to localize production [5] Group 5 - The Belt and Road Initiative has evolved from a Chinese proposal to a global cooperation platform, facilitating significant projects and connections across over 150 countries [6] - Key projects include the Laos-China Railway and the China-Europe Railway Express, enhancing connectivity and cooperation in various sectors [6] - Future initiatives will focus on sustainable development, digital economy, and health cooperation, contributing to a shared future for humanity [6]

Core Viewpoint - The article discusses the release of a significant document by four government departments aimed at strengthening the planning and guidance of government investment funds, focusing on supporting emerging and future industries [2][4]. Group 1: Government Investment Fund Guidelines - The document titled "Work Method" outlines a systematic approach to the layout and investment direction of government investment funds for the first time at the national level [4]. - It emphasizes the need for funds to support major strategies and key areas, particularly in sectors where market resource allocation is weak, promoting deep integration of technological and industrial innovation [7]. - The guidelines specify that funds should align with national major plans and encourage investment in emerging industries such as new generation information technology, renewable energy, and high-end equipment [7][10]. Group 2: Investment Focus Areas - The investment focus includes nurturing emerging industries and future industries, with specific sectors identified such as artificial intelligence, quantum information, and bio-manufacturing [10][11]. - Traditional industry upgrades and digital economy development are also highlighted, with initiatives like "Artificial Intelligence+" and the promotion of smart manufacturing [11][12]. - The guidelines require local funds to choose investment directions based on regional industrial foundations and development realities, supporting industrial upgrades and innovation capabilities [8][10]. Group 3: Evaluation and Management - The "Management Method" establishes a comprehensive evaluation system for fund direction, combining quantitative and qualitative assessments [8][10]. - It includes three primary indicators: policy compliance (60% weight), optimization of productivity layout (30% weight), and policy execution capability (10% weight) [10][12]. - The evaluation aims to ensure that funds effectively support national development goals and adhere to regional strategic initiatives [12].

Core Insights - The Chang'an Chain has made significant advancements in blockchain technology over the past five years, focusing on high-performance computing chips, underlying architecture, and privacy computing, which support major national projects such as cross-border trade and global payments [1][2][3] - Since 2022, the Chang'an Chain has maintained the highest market share in China, contributing to the convergence of domestic blockchain technologies and enhancing the quality of development across various industries [1][3] Group 1 - The Chang'an Chain's research team has developed the world's first 96-core blockchain-specific chip, increasing transaction performance by 50 times and overcoming computing bottlenecks for large-scale blockchain applications [2] - A new type of blockchain architecture has been created that is dynamically adaptive and configurable, allowing for precise construction of blockchain systems tailored to complex scenarios [2] - The entire codebase of the Chang'an Chain, comprising over 3.1 million lines, is available for free download, with plans for deeper open-sourcing of core chip technology by 2025 [2] Group 2 - During the 14th Five-Year Plan, China's blockchain technology innovation capabilities have strengthened, with core technologies maturing and leading innovations emerging, including the Chang'an Chain [3] - The usage rate of domestic blockchain products has increased from less than 40% to over 90% in the past five years, with the Chang'an Chain leading due to its technical advantages and performance [3] - The development of the Chang'an Chain is a complex system engineering project closely aligned with national needs, resulting in capabilities that support significant national projects like cross-border trade [3]

政府投资基金，是不少科创企业和产业项目的"伯乐"和"助攻"。这一次，国家出手，首次为万 亿级的政府投资基金发展定方向。 据央视新闻，12日，国家发展改革委、财政部、科技部、工业和信息化部联合发布《关于加强 政府投资基金布局规划和投向指导的工作办法（试行）》（以下简称《工作办法》）。 同 时，国家发展改革委也同步出台了《政府投资基金投向评价管理办法（试行）》（以下简称 《管理办法》）的通知。 国家发展改革委相关负责人表示：这是首次在国家层面对政府投资 基金的布局和投向作出系统规范。 同时，《工作办法》还进一步明确由省级发展改革部门牵头制定本地区重点投资领域清单，并 据此优化基金布局和投向。 涉及航空、A I、人形机器人 据券商中国，在指标设置上，《管理办法》共设置3个一级、13个二级指标。一是政策符合性 指标（权重 60%），主要评价基金在支持新质生产力发展、支持科技创新和促进成果转化、 推进全国统一大市场建设、支持绿色发展、支持民营经济发展和促进民间投资、壮大耐心资 本、带动社会资本、服务社会民生等方面发挥的作用，推动基金立足政策性定位，更好服务国 家发展大局。 二是优化生产力布局指标（权重 30%），主要评 ...

Group 1 - The core viewpoint of the article emphasizes that the capital market is characterized by "stable overall volume and active structure," driven by policy support and industrial upgrades, serving as an important platform for the real economy and wealth management [1] - The stock market is expected to continue showing structural opportunities, particularly in sectors like technology, energy transition, and consumer recovery, with a focus on companies that possess real competitiveness and growth potential [2] - The bond market retains configuration value, with opportunities arising from the exploration of term and credit spreads, as well as the flexible application of "fixed income plus" strategies [3] Group 2 - The 2026 equity market is anticipated to focus on fundamental analysis, embracing "new demand" and "new supply," with real demand in technology innovation, green transition, and national security driving the growth of competitive enterprises [2] - Asset allocation strategies should shift towards a balanced and flexible approach, moving from "single Beta" to "multiple Alpha," to mitigate risks associated with increased market volatility in 2026 [3] - There is a strategic emphasis on alternative assets, such as gold and certain commodities, to diversify investment portfolios and enhance risk management through tools like ETFs [3]