新华社北京1月25日电（记者宋依黛、陈钟昊）记者25日从正在召开的北京市第十六届人民代表大会第 四次会议上获悉，北京新能源汽车保有量超130万辆，新能源及"国五标准"以上汽车占比超八成。 数据显示，2025年，北京组织实施国四及以下排放标准老旧货车和大中型客车报废更新政策，带动超1 万辆老旧客货车淘汰转出；500辆新能源公交车已上牌；新增更新巡游出租车、轻型邮政车、环卫车辆 全部为新能源车。北京全市已建成电动汽车超级充电站1044座，新建充电接口11263个。 根据2026年北京市政府工作报告，在"十五五"开局之年，北京将全力提升重点领域能效碳效水平，提高 机动车和非道路移动机械新能源化比例，并推动重点行业绿色企业创建。北京还将深化"0.1微克"攻坚 行动，进一步巩固改善空气质量，全力巩固"常态蓝"。（完） 绿色出行成新风尚，背后凸显美丽北京建设成效。近年来，北京持续推动减污降碳扩绿协同增效，2025 年优良天数比例首次突破80%，细颗粒物年均浓度27微克/立方米、下降11.5%，创有监测记录以来最优 水平。此外，北京积极打造国际绿色经济标杆城市，能源结构持续优化，全年外调绿电440亿千瓦时以 上，全市可再生 ...

Group 1 - The central economic work conference emphasizes prioritizing people's livelihoods and the importance of investing in human resources to enhance economic resilience and vitality [1][2] - The Ministry of Human Resources and Social Security aims to ensure stable employment for key groups such as college graduates and migrant workers, viewing high-quality employment as a critical political responsibility [2][3] - The focus will be on creating an employment-friendly development model, coordinating various policies to support industries with strong employment absorption capacity, and establishing monitoring systems for employment impacts [2][3] Group 2 - Implementation of actions to stabilize and expand employment will include utilizing policies like wage subsidies and tax reductions, particularly for labor-intensive industries [3][4] - New job creation will be encouraged through the development of emerging industries and entrepreneurship, with specific initiatives targeting youth and migrant workers [3][4] - The Ministry plans to enhance employment services by improving vocational training programs and establishing a comprehensive public employment service system [4][5] Group 3 - The "Skills Illuminate the Future" training initiative will focus on meeting the skill demands of different groups, including targeted training for youth and migrant workers [5][6] - Training programs will be aligned with industry needs, particularly in sectors like artificial intelligence and renewable energy, to address labor market mismatches [5][6] - The upcoming World Skills Competition in Shanghai aims to inspire more workers to enhance their skills and contribute to national development [6]

今冬消费市场热潮涌动，不仅是季节性文旅的繁荣，更是我国消费市场持续升级、内需潜能加速释放的 生动缩影。 冬日消费的暖流，映射出中国市场的深厚底蕴与创新活力。未来，以科技赋能场景创新、政策保障民生 需求、产业融合生态重构为主线，银发经济、智能消费、绿色经济等新增长极释放潜力，"供给端提 质"与"需求端挖潜"双向发力，将为经济高质量发展注入持久动能。 （作者为全国政协常委、中国企业财务管理协会会长，本报记者杨昊采访整理） （文章来源：人民日报） 当前，体验式、沉浸式消费成为主流，冰雪运动从专业竞技走向大众休闲，与城市观光、民俗文化深度 融合；国潮IP、非遗元素与消费场景的创新结合，既满足了品质追求，也增强了文化认同；全龄化、普 惠性需求日益凸显，消费活力正加速向更广泛人群和地域渗透。以需求为导向、以融合为手段、以品质 为核心的创新供给，正成为激活消费、牵引经济的重要动力。 以融合创新持续创造新供给。打破产业与消费场景界限，系统推进"文旅+""体育+""数字+"，鼓励冰 雪、康养与乡村生态、文化遗产、科技体验深度融合，发展全季、全龄、全域的融合型产品。 以精准适配充分满足分层需求。建设更多普惠便民、贴近社区的消费基 ...

Group 1 - Silver prices have surged to a historic high of $100, marking a 40% increase year-to-date, significantly outperforming gold [1] - The primary driver of this price increase is the industrial demand for silver, which is expected to grow due to sectors like photovoltaics, AI, and electric vehicles [1] - The global silver market has been in a structural deficit for five consecutive years, with physical inventories rapidly depleting [1] Group 2 - Speculative trading has emerged as a major driver of the recent silver price increase, although its sustainability is questioned [2] - Short-term forecasts suggest that silver may experience high volatility and fluctuations, influenced by ongoing geopolitical issues [2] - Long-term predictions indicate that silver prices could reach $200 by 2026, with expectations of significant increases in gold prices as well [2]

1月23日， 白银价格首次站上100美元大关，刷新历史纪录，将年内涨幅推升至40% ，同期表 现远超黄金。 记者丨 叶映橙 见习记者林健民 编辑丨张楠 2026年，银价延续飙涨走势，再创历史性纪录。 "如果我在2026年底前看到黄金价格涨至1万美元，我一点都不会感到惊讶。我认为我们会看到 的。白银也会跟上这一趋势，到那时你会看到每盎司200美元的价格。"瑞卡兹总结道。 你看好白银后市吗？ 对于本轮白银价格大涨，方正证券认为， 工业属性构成了白银长期刚性需求的根本。 从供需层面来看，方正证券分析，白银供给相对稳定，近年来需求不断上升。供给方面，矿山 银是白银的主要供给，但产量呈下降趋势；而再生银则逐渐成为白银供给的第二大来源。需求 方面，目前工业需求仍是占白银需求主导地位，其中绿色经济推动工业需求增长；投资需求方 面，白银投资以实物投资为主，金融投资呈现波动剧烈。 宝城期货指出，世界白银协会最新发布的一份报告显示，由于光伏、AI、电动汽车等领域需求 激增， 全球白银工业需求未来五年将持续增长。 数据显示，2025年全球白银供应量为3.21万 吨，全球白银需求量为3.57万吨，其中工业用银在白银总需求中的占比达到 ...

站在"十五五"开局之年回望，"十四五"圆满收官，大国首都硕果盈枝，处处是波澜壮阔的生动实 践。"京"彩画卷上，也留下政协组织"围绕中心、服务大局"的浓墨重彩。 过去一年，市政协坚持党的领导、统一战线、协商民主有机结合，团结引领政协各参加单位和各界委员 在学思践悟中筑牢思想根基，在精准履职中服务中心工作，在改革创新中传递履职温度，在团结联谊中 汇聚奋斗力量，以协商之力助力首都发展，让奋进之音在京华大地激荡回响。 1学习有力：学思践悟筑牢思想根基 2025年3月28日，市政协科技教育委员会组织委员赴中关村国家自主创新示范区展示中心专题学习考 察。 思想的旗帜引领前进的方向，学习的深度影响履职的能力。2025年，市政协把坚持不懈用党的创新理论 凝心铸魂作为首要任务，通过精心抓好"统筹、体系、沉浸、提升"四个关键，着力构建系统化、沉浸 式、全覆盖的学习体系，形成了"年有计划、季有主题、月有报告、周有活动、日有交流"的常态化学习 工作格局。 过去一年，市政协坚持以制度为纲，将制度化建设作为确保学习常态长效的坚实保障，推动理论学 习"入脑入心"。 "第一议题"制度雷打不动，在党组会议、常委会会议等重要会议中，第一时间跟进 ...

Core Insights - The Panda bond market is celebrating its 20th anniversary in 2025, achieving high-quality development driven by continuous improvement of market systems and deepening openness [1] - In 2025, the total issuance of Panda bonds reached 163.31 billion yuan, a year-on-year increase of 15.6%, setting a new record [1] - By the end of 2025, the outstanding balance of Panda bonds reached 318.78 billion yuan, a year-on-year growth of 37%, with cumulative issuance exceeding 860 billion yuan, providing strong support for cross-border investment and the internationalization of the yuan [1] Market Highlights - Product innovation and structural optimization emerged as key highlights, with foreign issuers actively participating in the issuance of green, sustainable, and technology innovation-themed bonds, totaling 18.2 billion yuan, accounting for 11.1% of the total issuance [1] - The proportion of medium- to long-term bond issuance significantly increased to 79%, injecting more long-term stable funds into the real economy [1] International Engagement - The level of market openness has further improved, with the proportion of foreign investors holding Panda bonds in the interbank market reaching 14.8%, the highest among China's bond market varieties, highlighting the unique position and openness of Panda bonds in the international financial market [1][2] - The trading association continues to optimize issuance mechanisms and services, creating a more stable, transparent, and predictable financing environment for foreign issuers [2]

【冠通期货研究报告】 铁矿日报：市场情绪降温，刚需有所松动 发布日期：2026 年 1 月 22 日 一、市场行情态势回顾 1、期货价格：铁矿石期货主力合约日内窄幅震荡，收于 786.5 元/吨，较 前一个交易日收盘价上涨 2.5 元/吨，涨幅+0.32%，成交 19.7 万手，持仓量 56.6 万手，沉淀资金 98.02 亿。期货盘面关注下方 780 支撑附近进一步测试， 短期此支撑附近略显抗跌。 2、现货价格：港口现货主流品种青岛港 PB 粉 795 涨+1，超特粉 674 涨 +1，掉期主力 103.4(+0.1)美元/吨。现货小幅反弹、掉期价格止跌。 3、基差价差端：青岛港 PB 粉折盘面价格 830.2 元/吨，基差 43.7 元/吨， 基差小幅走扩；铁矿 5-9 价差 17 元，铁矿 9-1 价差 12.5 元，铁矿期货合约呈 现 back 结构+正基差，短期下探至支撑附近，略显止跌，继续关注支撑附近进 一步测试。 二、基本面梳理 海外矿山发运环比减量，澳巴环比减量较为明显，非主流国家环比增加;本 期到港环比下滑，由于天气影响供给端存扰动预期;需求端，铁水产量环比下 滑，烧结粉矿日耗环比减量，烧结 ...

Group 1 - The core viewpoint indicates that silver prices are experiencing volatility, characterized by a "roller coaster" trend, with analysts noting that the smaller market size and higher leverage of silver lead to exponential recovery speeds [2] - Industrial demand remains the dominant factor for silver, driven by the green economy, particularly in photovoltaic cell electrodes, with silver paste now accounting for 19.3% of component costs due to rising prices [2] - The supply-demand balance for silver is expected to remain tight in the long term, as there has been a persistent supply-demand gap since 2019, compounded by rigid supply and emerging applications [2] Group 2 - The current trading range for silver is projected to be between a support level of $90.00 and a resistance level of $98.00 [4] - Short-term bullish trends are dominating the market, with prices expected to rise above $90.00, targeting a resistance level of $98.00 [3]

1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - Today's domestic commodity futures market shows a general upward trend, with precious metals and non - ferrous metals rising strongly. Lithium carbonate rises over 7%, Shanghai tin over 5%, Shanghai gold over 3%, and synthetic rubber over 3%. Most black building materials decline, with glass and caustic soda falling over 2% [13]. - The US economy maintains a "light to moderate" expansion, inflation continues to cool, and the Fed maintains a cautious wait - and - see attitude, with the interest - rate cut expectation postponed to June. In China, the consumer market in 2025 exceeded 50 trillion yuan, growing by 3.7%, and consumption in 2026 is expected to grow steadily [13]. - The scenario of no interest - rate cut in January is basically confirmed, and the first interest - rate cut by the Fed within the year is expected to be postponed to June. Short - term risk assets may continue to adjust, while in the medium - term, long positions in stock indices, non - ferrous metals (copper, aluminum, tin), gold, and silver are still recommended [13]. 3. Summary by Relevant Catalogs 3.1 Financial Market Fluctuations - **Stock Index Futures**: On January 21, 2026, the CSI 300 futures price is 4722.8, with a daily increase of 0.54; the SSE 50 futures price is 3073.6, with a daily increase of 0.09; the CSI 500 futures price is 8371, with a daily increase of 1.71; the CSI 1000 futures price is 8231, with a daily increase of 1.57 [2]. - **Treasury Bond Futures**: The 2 - year Treasury bond futures price is 102.43, with a daily decrease of 0.01; the 5 - year Treasury bond futures price is 105.88, with a daily increase of 0.01; the 10 - year Treasury bond futures price is 108.2, with a daily increase of 0.04; the 30 - year Treasury bond futures price is 112.25, with a daily increase of 0.75 [2]. - **Foreign Exchange**: The US dollar index is 98.5413, with a daily decrease of 0.51; the US dollar central parity rate is 6.9602, with a daily decrease of 38 [2]. - **Interest Rates**: The 7 - day inter - bank pledged repo rate is 1.4948, with a daily increase of 1.76; the 10 - year Chinese Treasury bond yield is 1.8326, with a daily decrease of 0.67; the 10 - year US Treasury bond yield is 4.3, with an increase of 12 (no daily data provided) [2]. 3.2 Popular Industry Fluctuations - On January 21, 2026, among various industries, non - ferrous metals have a daily increase of 2.91%, basic chemicals 1.08%, steel 1.06%, and so on. Industries with a decline include agriculture, forestry, animal husbandry and fishery with a daily decrease of 0.74%, defense and military industry 0.02%, and so on [5]. 3.3 Overseas Commodity Fluctuations - **Energy**: On January 20, 2026, NYMEX WTI crude oil price is 59.52, with a daily increase of 0.3; ICE Brent crude oil has a daily increase of 0.09; NYMEX natural gas price is 3.891, with a daily increase of 25.39; ICE UK natural gas price is 90.58, with a daily decrease of 1.48 [8]. - **Precious Metals**: COMEX gold price is 4769.1, with a daily increase of 3.78; COMEX silver price is 94.46, with a daily increase of 6.69 [8]. - **Non - ferrous Metals**: LME copper price is 12753.5, with a daily decrease of 1.64; LME aluminum price is 3107.5, with a daily decrease of 1.61; LME zinc price is 3175, with a daily decrease of 1.44 [8]. - **Agricultural Products**: CBOT soybeans price is 1053, with a daily decrease of 0.45; CBOT corn price is 424, with a daily decrease of 0.18; CBOT wheat price is 510.5, with a daily decrease of 1.45 [8]. 3.4 Domestic Commodity Fluctuations - **Shipping**: The container shipping price on the European route is 1222.29, with a daily increase of 1.12 [11]. - **Precious Metals**: Gold price is 1092.94, with a daily increase of 3.06; silver price is 23112.13, with a daily increase of 0.31 [11]. - **Non - ferrous Metals**: Stainless steel price is 14707.87, with a daily increase of 2.36; aluminum price is 17119.84, with a daily decrease of 0.62 [11]. - **Energy and Chemicals**: Fuel oil price is 2535.35, with a daily increase of 1.17; low - sulfur fuel oil price is 3083.07, with a daily increase of 0.32 [11]. - **Black Building Materials**: Rebar price is 3121.39, with a daily decrease of 0.48; glass price is 1046.05, with a daily decrease of 1.61 [11]. - **Agricultural Products**: Soybean price is 4309.61, with a daily decrease of 0.62; palm oil price is 8824.72, with a daily increase of 0.95 [11]. 3.5 Macro Highlights - **Domestic Market**: Domestic commodity futures market shows an upward trend, with precious metals and non - ferrous metals rising strongly, and black building materials mostly falling [13]. - **Overseas Macro**: The US economy maintains a "light to moderate" expansion, inflation cools, consumption shows a "K - shaped" feature, industrial production rebounds unexpectedly, and the Fed postpones the interest - rate cut expectation to June [13]. - **Domestic Macro**: In 2025, China's consumer market scale exceeded 50 trillion yuan, growing by 3.7%, and consumption in 2026 is expected to grow steadily [13]. - **Asset Views**: Short - term risk assets may continue to adjust, while in the medium - term, long positions in stock indices, non - ferrous metals (copper, aluminum, tin), gold, and silver are recommended [13]. 3.6 Viewpoint Highlights - **Stock Index Futures**: The market is boosted by dual factors, but continuous upward movement awaits incremental funds, with a short - term judgment of volatile upward movement [14]. - **Options**: Option market liquidity is a concern for option - covered增厚 strategies, with a short - term judgment of volatility [14]. - **Treasury Bond Futures**: There are still disturbing factors in the bond market, and the long - end sentiment is weak, with a short - term judgment of volatility [14]. - **Precious Metals**: Gold and silver are expected to show a volatile upward trend, affected by factors such as liquidity expectations, geopolitical conflicts, and the US fundamentals [14]. - **Shipping**: The container shipping on the European route is supported by pre - Spring Festival shipments in the near - term, and the resumption of shipping in the far - term needs attention, with a short - term judgment of volatility [14]. - **Steel and Related Products**: Steel products, iron ore, coke, and coking coal are expected to show a volatile trend, affected by factors such as inventory, production, and policies [14]. - **Non - ferrous Metals and New Materials**: Non - ferrous metals are expected to show a volatile trend, with factors such as inventory, supply, and demand affecting their prices [14]. - **Energy and Chemicals**: Most energy and chemical products are expected to show a volatile trend, affected by factors such as supply and demand, costs, and policies [16]. - **Agriculture**: Agricultural products show a mixed trend, with some products expected to show a volatile upward trend and some a volatile downward trend, affected by factors such as weather, supply and demand, and policies [16].