Group 1 - China successfully launched the Tianhui-7 satellite on December 30, 2025, using the Long March 4B rocket, marking the 622nd flight of the Long March series [1] - The Tianhui-7 satellite is primarily used for geographic information surveying, land resource census, and scientific research [1] Group 2 - The Ministry of Education aims to build a self-controlled AI model for education during the 14th Five-Year Plan period, focusing on platform, data, AI tools, and policy consistency [2] - Key initiatives include advancing integrated data support systems, promoting AI in education, enhancing digital literacy among teachers and students, and contributing to global digital education governance [2] Group 3 - Huawei reported that over 36 million devices are using HarmonyOS 5.0 and above, and the Kunpeng ecosystem has developed 3.8 million developers [3] - The company has supported 60 million users with 5G-A networks and has over 1.6 million installations of the openEuler operating system [3] Group 4 - The National Development and Reform Commission and the Ministry of Finance announced continued support for the renewal of new energy city buses and power batteries in 2026 [4] - The subsidy standards will follow the guidelines established in the 2025 implementation details for new energy city buses [4] Group 5 - Qianzhao Optoelectronics announced breakthroughs in radiation resistance for its flexible space solar cell products, enhancing satellite stability in space [5] - The lightweight nature of these solar cells helps reduce satellite weight and launch costs, with a focus on expanding international market presence [5] Group 6 - XPeng Motors' CEO stated that true fully autonomous driving will arrive in 2026, skipping L3 and moving directly from L2 to L4 [6] - The Ultra version of XPeng's vehicles will achieve next-generation autonomous driving capabilities, similar to the transition seen in smartphones with the introduction of the iPhone [6] Group 7 - Four departments, including the Ministry of Industry and Information Technology, released a plan to accelerate AI applications in the automotive industry, focusing on key manufacturing processes [7][8] - The initiative aims to integrate AI in research, production, and management, and to create intelligent demonstration production lines in the automotive sector [7][8] Group 8 - The Ministry of Industry and Information Technology issued guidelines to promote the deployment of cutting-edge technologies like AI and 400G/800G optical transmission in internet exchange centers [9] - The focus is on enhancing network efficiency and smart operations while supporting the development of key technologies through collaboration among industry, academia, and research [9] Group 9 - The National Energy Administration held a meeting to discuss the construction of high-quality charging infrastructure for electric vehicles, aiming for a three-year doubling of service capacity [10] - The plan includes improving coverage in residential and rural areas and enhancing safety management in the charging infrastructure sector [10] Group 10 - The first fire power holding-type real estate ABS in China was listed on the Shanghai Stock Exchange, led by GCL Group, with a project scale of 5.46 billion yuan [11] - The funds raised will be directed towards clean energy technology research and will help optimize financial structures and support major strategic projects [11]

主编:彭玉琼 编辑:谢伊岚 美峰:刘晓庆 2025年12月31日 星期三 2025年A股注定 载入中围资本市场发展 史册:总市值首破百万亿元 大关,实现历史性体量跨越:科 校板块强势团归重塑市场主线,成 为行情核心引擎。从规模跃升的"量 的突破,到结构优化的"质"的飞跃,资本 市场以全方位的进阶,清晰映射出中国经济 高质量发展新格局。 数说A股2025 绘制市场 证券时报记者 梁谦别 2025年 A 股市场今日收官。回顾这一年,市场在经济复苏.产业政策深化与投资者结构变迁 的共同驱动下,演绎了一场深刻而又充满活力的结构性行情。这一年, A股不仅实现了规模的踪 越式增长,更在产业结构、资金强向与投资生态上,呈现出标志性的新特征。本文将从十大角度 逐一展开,解读数据背后的趋势与信号。 两融会额攀升至历史高位 30000 ■ 单位:亿元 25000 200000 15000 10000 5000 0 2016年 2017年 2018年 2019年 2020年 2021年 2022年 2023年 2024年 2025年 2025年融资净买入前十股票 | 代码 | 简称 | A股市值 (Z元) | #1155 融资净买 ...

美国昔日荣光，中国今日腾飞 上世纪五十年代到七十年代初，美国那时候的工业牛气冲天，工厂遍地开花，生产链条拉得老长，啥都 能造。工人挣的钱够养家糊口，还能买房置业，蓝领日子过得舒坦极了。 那年代，美国人觉得自家就是世界老大，制造业稳稳地占着全球头把交椅。可好景不长，战后欧洲和日 本、韩国这些地方慢慢缓过劲来，工业复苏了，他们的产品价格低，质量还不赖，一股脑涌进美国市 场。 日本车刚进美国那会儿，简直是横扫千军，美国本土车企在性价比上根本招架不住。半导体、家电这些 领域也一样，被外来货挤得喘不过气。为什么呢？因为日本工人成本低，产品造出来便宜，卖得还赚头 大，美国企业眼瞅着市场份额丢了。 美国人聪明，赶紧调整策略，把低端制造业甩包袱似的转移出去，只留高端部分。还跟中东国家谈好， 用军事保护换石油用美元结算，1973年石油危机后这套路子越玩越溜。 1985年9月22日，美国拉着日本、英国、法国、西德，在纽约广场酒店签了份协议，逼日元升值，美元 贬值。这下日本经济遭了罪，进入长期低迷期，美国贸易地位稳住了，但也看清自家低端工业没竞争力 了。 美元就这样成了全球老大，美国摆脱高人工费，日子照样滋润。1991年苏联散架， ...

本报记者 毛艺融 12月30日，6只新股在港交所挂牌上市，涵盖人工智能制药、数字孪生科技、预制钢结构、高端美妆、数据基础设施及家 用机器人等领域。 回顾2025年，港股市场在一级和二级市场均表现强劲。除了股指上涨，2025年港股在制度建设和市场结构上也取得重要进 展，包括IPO机制重大改革、开通"科企专线"等，不仅吸引了更多优质科技企业，也推动国际长线资金、南向资金等增量资金 流入。 展望2026年，机构对港股趋势态度乐观。中信证券认为，2026年，港股将迎来第二轮估值修复，恒生指数和恒生科技的动 态PE分别有望扩张5%和10%，全年节奏预计为先稳后升。 交投活跃度显著提升 今年以来，港股市场交投活跃。港交所官网数据显示，2025年11月底，香港证券市场市价总值为48万亿港元，较去年同期 （34万亿港元）增长41%。2025年前11个月的平均每日成交金额为2558亿港元，较去年同期（1309亿港元）增长95%，港股流 动性显著改善。 南向资金成为港股市场的重要增量资金。Wind资讯数据显示，截至12月30日，年内南向资金净买入总额达1.40万亿港元， 成为港股市场最重要的流动性支撑。 随着优质企业接连上市，港 ...

12月29日，记者从"'十四五'广东成就"系列主题新闻发布会东莞专场获悉，"十四五"时期，国际制造名 城东莞围绕国家赋予的全国先进制造业基地、国际科技创新中心承载地角色，推动产业体系向新图强， 工业规模稳居全国城市前十，制造业结构持续优化，高技术制造占规上工业比重从37%提升到44%，先 进制造占比从46%提升到52%，万家规上工业企业完成数字化转型。 "作为制造业当家的城市，东莞始终坚持实体经济为本，着力构建'8+8+4'现代化产业体系，大力发展新 质生产力，推动工业投资五年接近翻一番，实现工业'小升规'超8500家，增量居全省第1。"东莞市委常 委、常务副市长曾坚朋介绍，当前，东莞万亿级新一代电子信息业稳步发展，半导体及集成电路等新兴 产业培育成效初显，智能移动终端等4个集群入选国家级先进制造业集群，获评全国唯一的"中国潮玩之 都"。 东莞市科学技术局局长钟靖平表示，东莞持续强化科技创新赋能产业发展能效，取得了一系列突 破。"国字号"创新平台进一步集聚，松山湖科学城获批纳入大湾区综合性国家科学中心先行启动区，中 国散裂中子源二期、先进阿秒激光设施开工，中国科学院东莞材料科学与技术研究所揭牌成立。源头创 新 ...

Group 1: Economic Context and Trends - China's value chain has rapidly expanded, becoming a key hub in global production networks, with domestic value added (DVA) consistently ranking first globally since 2000[6] - The complete industrial system of China has led to over 22% average global value added share in key manufacturing sectors, surpassing traditional manufacturing powerhouses like Germany and the USA[8] - The GVC position of China has steadily improved, indicating a shift from reliance on imported intermediate goods to becoming a supplier of high-value components[15] Group 2: Challenges and Strategic Responses - The international trade order faces challenges from technological hegemony and protectionism, leading to a decline in the degree of global value chain fragmentation[1] - China is actively addressing vertical supply chain risks by focusing on core technology breakthroughs and upgrading its industrial capabilities[19] - The shift from product export to multinational chain building is accelerating, with Chinese companies establishing overseas production and assembly bases to enhance supply chain resilience[30] Group 3: Future Outlook and Innovations - The modern service industry is emerging as a new driver for overall value chain upgrades, with significant contributions from sectors like industrial design and brand operations[24] - By 2025, China is expected to enter the top ten of the global innovation index, bolstered by advancements in AI, renewable energy, and healthcare[23] - Regional cooperation, such as the RCEP and the Belt and Road Initiative, is enhancing trade ties and reducing costs, with ASEAN becoming China's largest trading partner by 2023[31]

01 大咖论道：洞察经济趋势，把脉投资财富方略 当前，全球宏观经济处于深刻的结构性调整之中。中国经济高质量发展的核心动力已转向创新驱动， "新质生产力"正成为引领未来发展的核心引 擎。"十五五"作为转型攻坚的关键阶段，需在巩固传统产业优势的同时，积极在科技创新、绿色低碳、数字融合等新赛道上构建系统性竞争力。 当顶尖智慧与远见卓识相遇，当产业机遇与资本洞察交融，一场旨在赋能区域商业的深度思享，于江淮大地启幕。 解析资本市场动态，助力企业财富增值与战略布局；挖掘区域产业升级机遇，明晰投资方向。 12月29日，由凤凰网与 中国名酒 剑南春联合主办的 "万里同春·徽聚未来——2025安徽企业家思享荟"在安徽合肥成功举办。 本次思享荟汇聚重磅嘉宾与行业精英，特邀知名经济学家付鹏、复旦大学管理学院科创中心首席经济学家邵宇、四川剑南春（集团）有限责任公司 副总经理田锋、凤凰网副总编辑张涛莅临现场。活动亦吸引了合肥本地科技、消费、金融、教育等多领域的领军企业高管共同参与。大家通过深度 分享与智慧对话，前瞻趋势、洞见机遇，为企业的财富管理与长远发展注入思想动力。 正如 复旦大学管理学院科创中心首席经济学家 邵宇所强调，当前经济 ...

人民财讯12月30日电，12月30日，国家电网公司蒙西—京津冀±800千伏特高压直流工程开工建设。内 蒙古自治区党委副书记、自治区主席包钢表示，蒙西—京津冀工程是内蒙古首条"沙戈荒"新能源大基地 输出通道，对于自治区提高新能源开发水平、加快构建新型电力系统、加强与京津冀的能源合作、保障 国家能源安全具有十分重大的意义。自治区将深入贯彻"四个革命、一个合作"能源安全新战略，谋划做 好"十五五"时期能源工作，全力推动其他"沙戈荒"大基地及输出通道早日开工建设，加快建设清洁低 碳、安全高效的新型能源体系，为建设能源强国作出新的更大贡献。 ...

拔地而起！12月30日，揽尽有色金属行业龙头的有色ETF华宝（159876）早盘大幅低开，场内价格跌超 2%，之后快速拐头向上拉升，场内价格最高上探2.27%，收涨1.75%，全天振幅4.95%。 值得关注的是，有色ETF华宝（159876）昨日刷新上市新高后，今日场内价格再涨1.75%，彰显强者风 范，资金看好有色金属板块后市表现，该ETF全天获资金净申购2880万份！ | 序号 | 名称 | 涨跌幅 ▼ | 两日图 | 申万一级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交額 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 云铝股份 | 6.82% | m | 有色含厚 | 工业金属 | 분 | 1098亿 | 18.81亿 | | 2 | 海景服役 | 5.41% | 1000 | 有色金属 | 工业金属 | 铜 | 304亿 | 4.57亿 | | 3 | 天山铝业 | 4.99% | w | 有色金属 | 工业金属 | 铝 | 754Z | 11.29亿 | | ব | 中国铝业 | 4.72% | Van ...

Group 1 - The project has a first-phase installed capacity of 50 megawatts, equipped with 7.5 megawatts/15 megawatt-hours of electrochemical energy storage, and includes 8 wind turbines with a single capacity of 6.25 megawatts [2][5] - The project is connected to a 110 kV booster station through two collection lines, and the management team has successfully navigated significant challenges such as large equipment transportation and complex external coordination [2][5] - Upon operation, the project is expected to generate approximately 110 million kilowatt-hours of electricity annually, equivalent to saving 35,000 tons of standard coal and reducing carbon dioxide emissions by about 86,000 tons each year [2][5] Group 2 - WETOWN ELECTRIC aims to build trust in Chinese electrical products, focusing on customer satisfaction and innovation, while providing solutions and quality services across various sectors including renewable energy and industrial manufacturing [3][6] - The company operates in three main business areas: distribution equipment, energy storage systems, and photovoltaic new materials, positioning itself as a leader in the distribution equipment sector and a significant player in the energy storage market [3][6] - WETOWN ELECTRIC has established itself as a major manufacturer of photovoltaic welding strips in China, contributing to the development of a zero-carbon lifestyle through technological empowerment [3][6]