①1月29日金价再次创出历史新高，现货黄金收涨4.53%，报5414.9美元/盎司，盘中最高达5419.3美元/盎司。 现货白银收涨3.98%，报116.62美元/盎司 ②1月28日花旗上调白银目标价至每盎司150美元。 加拿大皇家银行表示，黄金涨势仍有空间，年底甚至上探7100美元 现货白银收涨3.98%，报116.62美元/盎司 ②1月28日花旗上调白银目标价至每盎司150美元。 加拿大皇家银行表示，黄金涨势仍有空间，年底甚至上探7100美元 白银有色（7B）、四川黄金（10T6B）、招金黄金（8T5B）、湖南白银（11T5B）、豫光金铅（4B）、中国黄金 （4B）、金徽股份（3B）、湖南黄金（3B）、铜陵有色（4T3B）、盛达资源（4T3B）、西部黄金（6T3B）、中 金黄金（3T2B）、恒邦股份（3T2B）、金一文化（4T2B）、豫园股份、莱绅通灵、和邦生物、上海建工、中电电 机、南矿集团、航民股份、菜百股份、中色股份、北方铜业、赤峰黄金、株治集团、云南铜业、鹏欣资源、贵研 铂业 晓程科技（3T2B）、迪阿股份 ①1月28日淡水河谷2025年铁矿石和铜产量创2018年以来新高 ②1月26日媒体报道由于 ...

Core Insights - The Ministry of Civil Affairs has issued a comprehensive policy document aimed at promoting technological innovation in civil affairs, marking the first such initiative for the "14th Five-Year Plan" period [1] - The document outlines 14 specific measures to enhance technological support in elderly care, rehabilitation, and other civil affairs sectors, with a goal to improve innovation levels and efficiency by 2030 [1] Group 1: Technological Focus Areas - The policy emphasizes the need to address the full lifecycle needs of the elderly by integrating advanced technologies such as humanoid robots, brain-computer interfaces, and artificial intelligence into various aspects of elderly care [2] - Key areas for technological development include prevention of disabilities, rehabilitation care, mental support, safety monitoring, and the creation of age-friendly environments [2] Group 2: Integration with Service Scenarios - The document stresses the importance of integrating technological products with typical elderly care scenarios, including home, community, and institutional settings, to create comprehensive care solutions [3] - It advocates for a closed-loop innovation model where technology development is driven by real-world needs and applications [3] Group 3: Economic Development and Industry Support - The policy encourages the establishment of regional clusters for elderly care services, focusing on smart elderly care robots and rehabilitation equipment, to foster economic growth in this sector [4] - It highlights the potential for innovation hubs in key urban areas such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area [4] Group 4: Standards and Platforms - The document outlines measures to enhance the infrastructure for elderly care technology, including the establishment of national innovation platforms and the development of a comprehensive standards system for the sector [5] - It calls for the creation of a database for significant technological achievements in civil affairs to facilitate the dissemination and application of these innovations [7] Group 5: Mechanisms for Innovation - The policy proposes a market-oriented project approval mechanism to support technological innovation, allowing for more flexible management in research institutions [8] - It encourages collaboration among universities, research institutions, and enterprises to build national and departmental innovation platforms in the civil affairs sector [8]

Group 1 - The company, Xuanji Information (300324), has stated that it is currently not engaged in brain-computer interface (BCI) initiatives [1] - The company possesses technical capabilities in investment, construction, and operation related to reasoning chips and computing power centers [1]

Core Viewpoint - The report from Kaiyuan Securities indicates that theme investment is expected to become more active in 2026 due to multiple factors such as the upward industrial cycle, policy support for industries, and shifts in capital allocation [1] Group 1: Theme Investment Outlook - Theme investment is currently in a large active cycle, with 2025 witnessing a series of popular themes such as humanoid robots, commercial aerospace, and Hainan Free Trade Port. The outlook for 2026 suggests even greater activity in theme investment, driven by accelerated technological breakthroughs in AI and abundant liquidity [1][2] - Historically, active periods of theme investment often occur during times of weak fundamentals and ample liquidity, where popular themes tend to dominate. The prevalence of theme investment is seen as a rational choice in the macro environment rather than a spontaneous decision [2] Group 2: Criteria for Selecting Strong Themes - The principle of "buy new, not old" aims to avoid trapped positions and benefit from high elasticity due to the absence of valuation anchors. New themes often imply significant potential for growth, while old themes are constrained by fundamental recognition [3] - The principle of "buy big, not small" emphasizes resonance with industrial waves and the era. The terms "big" and "small" refer not only to market capitalization but also to narrative scope and industry ceiling [3] Group 3: Five Potential Strong Themes for 2026 - **AI+**: The focus is shifting from "computing power construction" to "application acceleration." The demand for AI has significantly increased in both the U.S. and China, with AI application scenarios expanding rapidly. The commercial process of AI is accelerating due to substantial improvements in model performance and reduced usage costs [4] - **Embodied Intelligence**: Recognized as a core battlefield for reshaping future manufacturing and competing for global technological and economic leadership. The challenges in embodied intelligence are gradually being resolved, with humanoid robots expected to see significant commercialization in 2026 [5] - **Nuclear Energy**: Nuclear energy is viewed as a strategic solution to energy shortages, with both fission and fusion energy being critical. Fusion energy is now included in the national future industrial system, with significant advantages over traditional energy sources [6] - **Quantum Technology**: Represents a disruptive and foundational technological revolution based on quantum mechanics, with three core pillars: quantum computing, quantum communication, and quantum measurement, which could fundamentally impact existing technologies [6] - **Brain-Computer Interfaces**: Identified as a key future industry in the national strategy, with ongoing breakthroughs in various technological paths driving the approach to industrialization. The strong penetration of brain-computer interfaces is expected to reshape multiple industry ecosystems [6]

近日，在青岛消防支队，一场特殊的测试悄然展开。在一个约10平方米的模拟灾后场景中，一只背 着"电子背包"的"机器人蟑螂"在狭窄的甬道中敏捷穿行，可灵活避开石块、木板等障碍物。山东科技大 学动物机器人研究团队的成员一边操控着它行进，一边通过其头部的单目摄像头接收蟑螂"第一视角"的 画面。 这不是山东科技大学研发的首个动物机器人。20余年来，该校机器人研究中心科研团队深耕动物机器人 领域，接力创造了多项科研突破，为智能机器人技术的发展开拓了新路径。 2007年，世界首例可实现飞行控制的动物机器人"机器人鸟"在山东科技大学诞生。这项研究从"脑机接 口"入手，通过电刺激精准调控鸟类飞行行为，为动物机器人研究奠定了技术基础。 苏学成表示，"机器人鸟"展现了"脑机接口"技术在动物控制领域的巨大潜力，其最突出的优势在于"即 做即用"。任何健康的鸽子植入电极后均可即时响应信号，这大幅提升了动物机器人的实用性与部署效 率，适合规模化应用。 "'机器人鸟'应用前景广阔，可以进入人类难以抵达的空间或环境，执行探测、物资投送等任务。我相 信这项技术能为人类带来更多便利。"苏学成说。 在山东科技大学，科研人员对动物机器人的探索从未停步 ...

Market Overview - On January 28, the Shanghai Composite Index rose by 0.27%, the CSI 300 increased by 0.26%, the STAR Market 50 fell by 0.08%, the CSI 1000 rose by 0.21%, the ChiNext Index decreased by 0.57%, and the Hang Seng Index increased by 2.58% [3]. - The best-performing sectors on January 28 were non-ferrous metals (+5.92%), oil and petrochemicals (+3.54%), coal (+3.42%), building materials (+2.18%), and steel (+2.16%). The worst-performing sectors were comprehensive (-2.53%), media (-1.77%), national defense and military industry (-1.68%), beauty and personal care (-1.65%), and pharmaceuticals and biology (-1.56%) [3]. - The total trading volume of the A-share market on January 28 was 29,922.89 billion yuan, with a net outflow of 3.427 billion Hong Kong dollars from southbound funds [3]. Key Insights - The report discusses a strategy focused on Elon Musk's concept stocks and thematic index, highlighting that 2026 is seen as a pivotal year for the commercialization of Musk's technological ventures [4]. - Musk's companies, including Tesla, xAI, SpaceX, and Neuralink, are positioned in six key technology areas: AI, robotics, autonomous driving, commercial space, brain-computer interfaces, and new energy [4]. - The market's perspective is shifting from long-term valuation to actual considerations of order flow, revenue realization, and market penetration for Musk's business landscape [4]. - The investment theme is scored based on eight dimensions, with Musk's concept theme receiving a score of 95, indicating high ratings in all areas except valuation level [4]. - A stock pool of 78 beneficiaries related to AI, robotics, autonomous driving, commercial space, brain-computer interfaces, and new energy has been created, with a back-tested excess return of 127.44% compared to the Wind All A Index from early 2025 to the present, and 157.35% from April 9, 2025, to January 23, 2026 [4].

Group 1 - The article discusses the development and commercialization of humanoid robots in Wuhan, highlighting the establishment of the first humanoid robot 7S store in the country, which offers various humanoid robots priced between 7,999 yuan and 700,000 yuan for multiple applications [2][4] - The humanoid robot "Yuan You," developed in Wuhan, is designed for various services, including guidance and health care, and has been operational in a local hospital for nine months [2][3] - The production of humanoid robots in Wuhan is supported by a robust supply chain, with over 20 core suppliers and nearly 1,000 related enterprises, enabling efficient manufacturing and assembly of components [3] Group 2 - The Wuhan government has launched a three-year action plan and policy measures to promote the application of humanoid robots across various sectors, offering financial incentives for both application and product development [4] - The 7S store has generated over 600,000 yuan in revenue from experiences, sales, and rentals, indicating a growing market for humanoid robots in the region [4] - The establishment of the Humanoid Robot Innovation Center aims to enhance the training and data collection for humanoid robots, facilitating their evolution and integration into various industries [3][4]

马斯克发帖称，新一代神经链接 脑机接口增强版的性能将提升至三倍，将于今年晚些时候面市。待监 管部门批准后，Neuralink准备推出首款盲视增强技术，使那些完全失明的人能够以低分辨率视觉方式进 行感知。 ...

脑机接口技术作为生命科学与信息科学深度融合的交叉前沿技术，已成为全球科技竞争的新焦点。 2026年伊始，脑机接口"独角兽"浙江强脑科技有限公司宣布完成约20亿元的C轮融资。此次融资不仅创 下了脑机接口赛道除马斯克旗下Neuralink之外的全球第二大单笔融资纪录，也显示出资本对脑机接口产 业发展的强烈信心。 与此同时，从国家层面到地方政府，一系列涵盖产业培育、医疗服务定价等关键环节的利好政策相继出 台，为行业注入了强劲的推动力。产业、资本与政策同频共振，将脑机接口推至前所未有的热度。 在这幅火热的行业图景背后，一系列核心问题亟待厘清：中国脑机接口的真实发展水平究竟如何？与国 际前沿相比，我们的优势与差距何在？产业跃进的道路上，还有哪些核心瓶颈需要突破？带着这些问 题，记者走进"北脑一号"与"北脑二号"的诞生地——北京脑科学与类脑研究所(以下简称"北脑所")，与 北脑所所长、神经生物学家罗敏敏进行深入探讨。 追赶与超越 "在脑机接口领域，我国与其他国家在原理理论、技术积累、系统集成、临床应用等诸多方面还存在一 定差距。但是这种差距正在不断缩小。"罗敏敏对《证券日报》记者说，"过去几年，我国脑机接口技术 进展显著 ...

在人形机器人表演与进厂之外，亦有本体厂商选择先聚焦更为垂直的路线——康养。 1月28日，傅利叶发布面向康养场景的具身智能解决方案——"脑机具身智能康复港"，用以改善患者在康复训练中"心有余而力不足"的问题。 其核心在于引入脑机接口技术，当患者在训练过程中产生了运动意图，但肌肉水平却又无法完成时，机器人能够通过脑机识别意图，提供恰当的助力。 傅利叶创始人兼CEO顾捷表示，视觉只能让机器人"看见"世界，触觉和脑机才能让机器人"感知"世界。因此，傅利叶希望实现脑机接口与具身智能体的深 度融合。 他同时明确，这不是十年后的概念，而是傅利叶在未来1至2年内，明确要规模化落地的产品方向，这也是脑机接口一个明确的产业化方向。 康养或成万亿级别市场 脑机接口和机器人进入康复港，能做什么？ 选择这一垂直路线，恰恰呼应了康养产业的供需落差。顾捷此前介绍，当前中国的康复治疗师数量存在缺口。尤其是有经验的、能够每天陪伴并指导患者 做康复训练的治疗师十分缺乏。未来随着社会进一步老龄化，这一缺口还会进一步扩大。 在他看来，如果未来五到十年，相关技术和服务能够真正落地家庭，康养将是一个万亿级的市场。 其发展路径一脉相承：最早是在康复医院， ...