新华社北京1月21日电 题：建设现代化人民城市 实现住房城乡建设高质量发展——访住房城乡建设 部党组书记、部长倪虹 我们将坚持城市内涵式发展，把城市更新作为重要抓手，统筹落实"一个优化、六个建设"重要任 务，统筹构建城市更新体制机制，系统推进好房子、好小区、好社区、好城区"四好"建设，为人民群众 打造高品质生活空间。 我们将推动房地产高质量发展。牢牢抓住让人民群众安居这个基点，统筹防风险和促转型，统筹惠 民生和稳增长，着力稳定房地产市场，加快构建房地产发展新模式，优化保障性住房供给，以高品质供 给满足人民群众多样化住房需求。 我们将打造"中国建造"升级版。以提供高品质建筑产品为根本目的，统筹"放得活"和"管得好"，统 筹国内和国际两个市场，把科技创新应用摆在突出位置，大力发展智能建造、绿色建筑，大力培育建筑 业新质生产力，健全全生命周期安全管理制度。 新华社记者王优玲 "十五五"规划建议围绕"深入推进以人为本的新型城镇化""推动房地产高质量发展"作出重要部署， 提出"大力实施城市更新""加快构建房地产发展新模式"等具体举措。近期召开的中央经济工作会议也明 确要求"着力稳定房地产市场"。 "十五五"新开局，城市 ...

Core Viewpoint - The closure of the iconic Blue Island Building in Beijing marks a significant shift in the city's retail landscape, reflecting a broader trend of transformation among traditional department stores as they adapt to changing consumer demands and urban renewal policies [1][3][4]. Group 1: Closure and Transformation of Traditional Retail - The Blue Island Building, a 30-year-old landmark, will officially close on February 28, 2023, with clearance sales attracting many nostalgic customers [3][4]. - The building, which opened in 1993, was once a major shopping destination in Beijing, known for its diverse offerings, including high-end electronics and clothing [4]. - Despite attempts at modernization and rebranding, the Blue Island Building has struggled to attract younger consumers, becoming associated primarily with middle-aged and elderly shoppers [3][4]. Group 2: Market Dynamics and New Developments - The transformation of the Blue Island Building is part of a larger trend where traditional retail spaces in Beijing are undergoing significant renovations to meet new consumer preferences [6][7]. - New projects, such as the "Yuan Yang Anzhen Plaza," are focusing on health and wellness, while other established stores are introducing new brands and experiences to attract a younger demographic [6][7]. - The Beijing retail market is experiencing a dual trend of rapid renovation of old stores and the introduction of new commercial projects, with a projected increase in retail space to 17.44 million square meters by the end of 2025 [8]. Group 3: Changing Consumer Behavior - Consumer preferences are shifting towards experience-based and service-oriented shopping, necessitating a transformation in traditional retail strategies [10]. - The demographic of shoppers is diversifying, with younger consumers seeking trendy experiences and older consumers requiring services tailored to their needs [10][11]. - The traditional retail model is becoming less effective, as consumers demand more integrated online and offline shopping experiences [10][11]. Group 4: Challenges in Transformation - The renovation of old department stores faces significant challenges, including the need for compliance with safety regulations and the high costs associated with upgrading older buildings [11]. - There is a skills gap in the workforce, as traditional retail teams lack the expertise needed for modern retail operations, such as community engagement and experiential marketing [11]. - Attracting new customer segments while retaining existing ones poses a significant challenge for traditional retailers undergoing transformation [11].

"十五五"规划建议围绕"深入推进以人为本的新型城镇化""推动房地产高质量发展"作出重要部署，提 出"大力实施城市更新""加快构建房地产发展新模式"等具体举措。近期召开的中央经济工作会议也明确 要求"着力稳定房地产市场"。 "十五五"新开局，城市更新将如何推进？房地产高质量发展有哪些着力点？打造"中国建造"升级版将从 哪些方面开展工作？新华社记者采访了住房城乡建设部党组书记、部长倪虹。 奋力实现住房城乡建设高质量发展的良好开局 问："十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期。住房城乡建设部对于实 现住房城乡建设高质量发展有什么考虑？ 答："十五五"时期，住房城乡建设总体上处在转型发展的关键期，既伴随不少挑战，更面临难得机遇。 2026年是"十五五"开局之年。住房城乡建设部将大力实施城市更新行动，推动房地产高质量发展，推进 建筑业提质升级，建设创新、宜居、美丽、韧性、文明、智慧的现代化人民城市，奋力实现住房城乡建 设高质量发展的良好开局。 我们将坚持城市内涵式发展，把城市更新作为重要抓手，统筹落实"一个优化、六个建设"重要任务，统 筹构建城市更新体制机制，系统推进好房子、好小区、好社区、好 ...

2026年，城市更新、老旧小区改造如何高质量推进?"好房子"将如何提升我们的生活品质?央视专访住房 城乡建设部部长倪虹。 住房城乡建设部部长倪虹：城市更新蕴含着巨大的投资消费潜力。既要把新房子建成"好房子"，也要把 老房子逐步改造成"好房子"。支持房企合理的融资需求，支持居民刚性和改善性住房需求。 住房城乡建设部部长倪虹：重点是抓好三件事。一是持续推进城镇老旧小区的改造，去消除安全隐患， 改善居住条件和生活环境。二是全面推进完整社区建设。着眼于便民、利民、安民，着力补上公共服务 的短板。三是开展城市小微公共空间的改造，增加群众身边的社区公园、口袋公园。 记者：今年城市更新咱们要高质量推进，如何高质量推进，今年有什么新的做法吗? 住房城乡建设部部长倪虹：城市更新应该讲是我们历史发展到这么一个时间点，旧房的更新改造比我们 新房的建设量来比，它是一个巨大的市场。应该讲城市更新是一个新的蓝海。既能够改善老百姓的生活 空间，也能够拉动我们的消费和需求。 记者：今年在城市更新方面，咱们的工作重点是什么? 记者：哪些是咱们优先考虑的? 住房城乡建设部部长倪虹：比如说现在大家非常关心的小区的停车问题，充电桩的问题，适老化的问 ...

投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 姓名：涂伟华 宝城期货投资咨询部 从业资格证号：F3060359 投资咨询证号：Z0011688 电话：0571-87006873 邮箱：tuweihua@bcqhgs.com （仅供参考，不构成任何投资建议） 专业研究·创造价值 1 / 7 请务必阅读文末免责条款 请务必阅读文末免责条款部分 1 / 8 作者声明 本人具有中国期货业协会 授予的期货从业资格证书，期 货投资咨询资格证书，本人承 诺以勤勉的职业态度，独立、 客观地出具本报告。本报告清 晰准确地反映了本人的研究观 点。本人不会因本报告中的具 体推荐意见或观点而直接或间 接接收到任何形式的报酬。 钢材&铁矿石 | 日报 2026 年 1 月 21 日 钢材&铁矿石日报 专业研究·创造价值 现实矛盾累积，钢矿弱势震荡 核心观点 螺纹钢：主力期价偏弱震荡，录得 0.35%日跌幅，量缩仓稳。现阶段， 螺纹需求虽有所改善，但持续性存疑，而供应弱稳运行，基本面延续季 节性弱势，叠加成本下行拖累，预计淡季钢价仍将承压，延续震荡偏弱 运行态势，关注钢厂生产情况。 热轧卷板：主力期价震荡运行，录得 ...

青山一小镇变身漂亮景点 龟山知音殿可270度观江 保元里重现老汉口风貌 …… 连日来 长江日报记者 踏遍城市街巷、建设一线 用脚步丈量更新进度 用镜头定格蝶变瞬间 探寻武汉城市更新的生动密码 - 1 - "哎哟，这座铁塔拍出来真像电影海报！"1月18日上午，70岁的陈女士举着手机，在青山正街的时光铁塔前左拍拍右照 照。站在街口的一家咖啡店前，她选取了绿植窗口调整好站的角度，"咔嚓"一声，把自己的身影连同老街的新模样收进镜头。 如今， 青山正街是青山古镇城市更新的启动片。以后青山古镇片还会新增公共停车场，修建城市驿站，增加公厕便民配 套设施，联动青山江滩二期、滨江数字城、青山矶公园。 "以前哪敢想，这儿能变成这漂亮的景点？"家住青山正街附近的居民王建国拎着保温杯，笑呵呵地走过来。 他在这里住了40多年，看见工人小心拆下200多米老街里的破砖，又用同样材质把墙补好；直到看见"正街历史馆"里，自 己年轻时用过的铁皮饭盒被摆进展柜，老式报箱被挂上展示墙，他才信了—— 这次改造，是真的要把老街、古镇的魂留住。 - 2 - 青山正街成为市民游客前来休闲游玩的好去处。 1月19日，珞喻硅巷广埠屯·锦里项目的现场，绿色施工围 ...

Core Insights - The report highlights the potential for recovery in the domestic demand for liquid chemical transportation, driven by a rebound in the downstream refining industry, which is expected to improve in the second half of the year [6][8] - The company, Xingtong Co., is positioned as a leader in the coastal liquid chemical transportation sector, with a fleet of 40 vessels, including 34 chemical tankers, and has established a global water transportation network [6][7] - The company has maintained a strong competitive edge through superior safety management, resulting in a significant increase in its domestic market share from 5.3% in 2019 to 16.0% in 2024 [6][7] Company Overview - Xingtong Co. has a modern fleet characterized by high-end, large, young, green, and intelligent vessels, with an average age of less than 8 years for its chemical tankers [7] - The company has been gradually entering international markets while maintaining its domestic advantages, capitalizing on the aging global chemical tanker fleet [7] - The company's profitability metrics, including ROE and ROA, are above industry averages, reflecting effective service quality and cost control [7] Market Outlook - The report anticipates a gradual recovery in the domestic market's economic conditions, with supply-side growth expected to slow down due to a decrease in newly approved shipping capacity [8] - The company is projected to achieve net profits of 285 million, 351 million, and 429 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 1.02, 1.25, and 1.53 yuan [8] - The current stock price corresponds to PE ratios of 15.7, 12.7, and 10.4 for the years 2025 to 2027, indicating a favorable investment opportunity [8]

：sunfeng@chinastock.com.cn 研究所 基本面分析报告 金融衍生品日报 2025 年 01 月 21 日 研究员：孙锋 期货从业证号： F0211891 投资咨询从业证号： Z000567 ：021-65789277 研究员：沈忱 CFA 期货从业证号： F3053225 投资咨询从业证号： Z0015885 ：shenchen_qh@chinastock.com.cn 金融衍生品日报 一、财经要闻 1. 1 月 20 日，国新办举行新闻发布会，介绍发挥积极财政政策作用，推动经济社会 高质量发展有关情况。财政部副部长廖岷在会上表示，2025 年，更加积极的财政政策兼顾当 前与长远，既有力支持经济增长、办好民生实事，又有效推动中国经济结构转型，为经济社 会中长期可持续发展打下坚实基础。 2. 国新办 1 月 20 日举行新闻发布会，介绍落实中央经济工作会议精神，推动"十五五" 实现良好开局有关情况。国家发展改革委副主任王昌林在会上表示，坚持把发展经济的着力 点放在实体经济上，加快构建现代化产业体系。要发挥好国家创业投资基金行业标杆作用， 研究设立国家级并购基金，加强政府投资基金布局规划和投 ...

Group 1 - The core viewpoint of the news is the implementation of a comprehensive policy package by the Ministry of Finance aimed at boosting domestic demand through fiscal and financial collaboration, which includes interest subsidies and a guarantee plan [1][2][8] - The policy package includes a 500 billion yuan special guarantee plan for private investment, a 1.5 percentage point interest subsidy for fixed asset loans to small and micro enterprises, and an extension of personal consumption loan interest subsidies until the end of 2026 [2][8] - The policies are designed to address the reluctance of private enterprises to invest and the cautious consumption behavior of residents, thereby stimulating investment and consumption demand in the short term [1][2][9] Group 2 - The fiscal policy aims to maintain necessary levels of fiscal deficit, total debt, and expenditure, ensuring that overall spending increases while focusing on optimizing the structure and enhancing effectiveness [2][9] - The announcement of supportive measures for urban renewal is expected to lower project implementation barriers and institutional costs, thereby accelerating project execution and stimulating demand in traditional sectors such as infrastructure and construction [9][10] - The positive fiscal stance combined with structural monetary policy is anticipated to provide dual support for macroeconomic stability and growth [9]

2026 年 1 月 21 日 行业研究 2025 全年核心 30 城宅地成交建面同比-9%，成交均价同比+6% ——土地市场月度跟踪报告（2025 年 12 月） 要点 2025 年，百城宅地成交建面同比-14.2%，成交楼面均价同比+3.4%。 2025 年，百城成交住宅类用地建面为 3.20 亿平，累计同比-14.2%；成交楼面 均价为 5,605 元/平方米，累计同比+3.4%。分能级城市来看，2025 年全年， 一线城市：供应住宅类用地建面为 1,077 万平，累计同比-31.2%；成交建面 966 万平，累计同比-29.3%；成交楼面均价为 35,203 元/平方米，累计同比+18.6%。 二线城市：供应住宅类用地建面为 1.49 亿平，累计同比-4.5%；成交建面为 1.25 亿平，累计同比-1.0%；成交楼面均价为 6,420 元/平方米，累计同比+3.2%。 三线城市：供应住宅类用地建面为 2.15 亿平，累计同比-24.9%；成交建面为 1.85 亿平，累计同比-20.5%；成交楼面均价为 3,509 元/平方米，累计同比-1.6%。 2025 年，新增土储价值排名前三为中海地产、华润置地 ...