Group 1 - The core message of the New Year speeches by President Xi Jinping emphasizes the interconnectedness of family, nation, and the world, promoting a vision that aligns personal dreams with national aspirations and global destiny [1] - The speeches highlight the importance of "home" as a tangible concept, focusing on everyday life aspects such as employment, education, healthcare, and social welfare, which contribute to the overall happiness and security of families [3][4] - The narrative illustrates how individual family efforts contribute to national development, showcasing the dual relationship between personal responsibilities and national progress [4][6] Group 2 - The speeches document China's historical mission of national rejuvenation and modernization, emphasizing the importance of reform and opening up as essential for progress [6][7] - They reflect on China's advancements in technology and innovation, showcasing significant achievements in various fields, which underline the country's manufacturing and creative capabilities [7] - The speeches advocate for ecological civilization, highlighting the importance of harmonious coexistence between humanity and nature, and positioning ecological values as central to high-quality development [8] Group 3 - The speeches express a commitment to peace and development, framing these as fundamental to achieving a harmonious global community, and emphasizing China's role as a responsible major power [10][11] - They promote the idea of mutual respect for cultural diversity and the importance of civilizational exchanges, aiming to overcome barriers and conflicts through dialogue and cooperation [12] - The overarching theme of the speeches is the pursuit of a shared future for humanity, advocating for global cooperation and the construction of a community with a shared destiny [10][12]

科技创新是"突破关键技术、抢占未来赛道、实现经济高质量发展"的核心支撑 科技创新是破解关键技术"卡脖子"问题、筑牢产业链安全根基的核心因素。当前西方国家将对中国高科 技的封锁作为遏制战略的核心手段，从芯片制造设备、工业软件到高端精密仪器，这些曾被海外垄断的 关键领域，一旦断供便可能威胁我国产业链运转，对我国产业链安全、国家安全造成极大威胁。2018年 中美第一轮贸易战打响，我国已意识到科技安全的严峻性，此后我国将科技创新作为"破局关键"， 以"自主可控、安全高效"为目标推进关键技术攻关。经过若干年的突破与发展，我国在中低端芯片、部 分通信设备与电力装备等领域已实现初步替代，但在先进制程半导体、核心工业软件、高端科研仪器、 关键材料等环节仍依赖进口，自主可控能力仍然不足，后续需聚焦短板持续投入、系统攻关。 科技创新是抢占未来赛道，塑造国际竞争力的重要抓手。回顾"十四五"，科技创新为规划目标落地提供 了关键支撑，展望未来，科技创新是抢占新赛道、塑造国际竞争新优势的重要抓手。在芯片领域，我国 竞争力不断上升；人工智能领域，我国应用场景与数据优势突出，同时诞生了具有国际影响力的本土大 模型。但也要意识到，在开创性基础 ...

Core Viewpoint - The article emphasizes the importance of focusing on key tasks to drive economic development in the Xinjiang Production and Construction Corps, aligning with the central government's strategic positioning and promoting high-quality economic growth. Group 1: Economic Development Strategies - The Corps aims to focus on eight key tasks to enhance economic work and provide clear action guidelines [1] - Emphasis on maintaining social stability and implementing a comprehensive risk management system to prevent major accidents and ensure economic safety [1] - The strategy includes optimizing the consumption environment and enhancing urban-rural commercial networks to stimulate consumer activity [2] Group 2: Investment and Infrastructure - The Corps promotes a "project-first" approach to direct investments towards infrastructure, public welfare, and industrial upgrades [2] - There is a focus on utilizing central budget investments and special bonds to support key projects [2] Group 3: Innovation and Industry - The article highlights the need for innovation-driven development to build a modern industrial system, with a focus on digital and intelligent transformation of traditional industries [4] - Support for collaboration between enterprises and research institutions to overcome technological bottlenecks and enhance competitiveness [4] Group 4: Reform and Governance - Continuous reform efforts are necessary to address development challenges and enhance market vitality, including streamlining administrative processes [5] - The article stresses the importance of supporting private enterprises and improving communication between government and businesses [5] Group 5: Open Economy - The Corps aims to expand high-level openness by leveraging various trade platforms and enhancing infrastructure connectivity with surrounding regions [6] - Focus on optimizing export structures and increasing the scale of key product exports [6] Group 6: Social and Environmental Responsibility - The article emphasizes the importance of green development, promoting clean energy and sustainable agricultural practices [8] - There is a commitment to improving public services and ensuring that development benefits the population, particularly in employment and healthcare [9]

Core Insights - Quzhou ranks 49th in the National Innovation Capability Evaluation Report 2025, improving by 9 positions from the previous year, marking a historical high for the city [1][2] Group 1: Innovation Ranking and Reforms - The rise in innovation ranking is attributed to solid reform measures in the field of technological innovation [1] - Quzhou held a high-level meeting to promote "dual innovation" reforms and established a reporting system for technological innovation work to the local legislature [1] - The implementation of the first local legislation on innovation platforms, the "Quzhou High-Quality Development Regulations for Innovation Platforms," and the inclusion of two reform initiatives in provincial pilot projects [1] Group 2: Enterprise Innovation and Projects - The city has enhanced enterprise innovation capabilities through a collaborative model involving government and market evaluations, undertaking 11 key provincial projects and 10 municipal projects [1] - Quzhou recognized 161 new national high-tech enterprises and 789 provincial technology-based SMEs, and established 28 innovation consortia covering over 700 SMEs [1] - The approval of the first original innovative drug "Aogeteweina Capsule" by Aisen Pharmaceutical marks a significant achievement for Quzhou [1] Group 3: High-Energy Innovation Platforms - Quzhou successfully introduced Academician Peng Xiaojun to co-establish a research institute and has entered the construction phase for a liquid cooling project in collaboration with Juhua Group [2] - The city is the only prefecture-level city in China with two national-level manufacturing pilot platforms, which have achieved 60 technology transfer results and incubated 47 enterprises, generating over 600 million yuan in revenue [2] Group 4: Talent and Ecosystem Development - Quzhou has implemented special policies to promote talent exchange and integration, selecting 30 industry professors and 106 technology deputies, with 10 included in the provincial list [2] - The establishment of technology financial service systems like "Quchuangdan" and "Quchuang Loan" has led to over 1 billion yuan invested in talent innovation projects [2] - The launch of the "Talent Innovation Communication" digital platform has aggregated over 300 million data entries, effectively breaking down barriers in enterprise and talent service platforms [2] Group 5: Future Outlook - The rise in ranking reflects Quzhou's commitment to an innovation-driven development strategy, laying a solid foundation for the start of the 14th Five-Year Plan [2] - The city aims to continue empowering reforms to build a more vibrant and comprehensive technological innovation ecosystem, striving to enhance its innovation capabilities in the national landscape [2]

Group 1 - The A-share market has shown a structural trend since the beginning of 2026, with thematic ETFs gaining popularity due to their precise sector positioning and efficiency, resulting in a net inflow of 9.519 billion yuan and an average net value growth rate of 6.6% as of January 11 [1] - Leading products in niche sectors have performed exceptionally well, with eight ETFs, including Huaxia CSI Nonferrous Metals Industry ETF and E Fund CSI 300 Non-Bank ETF, each seeing net inflows exceeding 1 billion yuan within the month [2] - The strong performance of thematic ETFs reflects a market focus on technology innovation and high-end manufacturing, with 99 products achieving net value growth rates exceeding 10% in January [2] Group 2 - The impressive performance of thematic ETFs is attributed to the public fund industry's ongoing deepening and refinement of product layouts, moving away from homogeneous competition to focus on differentiated niche themes [3] - New product launches, such as Yongying Fund's Industrial Software Theme ETF and E Fund's CSI All-Index Food ETF, demonstrate the trend of targeting specific segments within broader industries, enhancing the product spectrum [3] - The competitive landscape has shifted, with leading institutions and smaller public funds adjusting strategies to create "blockbuster products" in niche areas, as evidenced by the rapid scale growth of E Fund's AI Theme ETF [3][4]

■苏诗钰 在此基础上，各地"新年第一会"也着力推动科技创新和产业创新深度融合，究其根本，产业是培育新质 生产力的主阵地，离开产业，科技创新就难以高效发挥培育新质生产力的引擎作用。 值得一提的是，北京提出力争两年左右人工智能核心产业规模突破万亿元，用量化目标倒逼创新效能提 升；还有不少地方把"企业有效发明专利产业化率"作为关键指标，促进实验室里的科研成果，走进生产 车间，变成真正的市场竞争力……在笔者看来，过去谈创新，我们常关注成果数量，如今，各地更看 重"实效"，追求的是创新成果向现实生产力的高效转化，这一转变，将令科创效能充分释放，为经济高 质量发展注入源源不断的动能。 开局关乎全局，起步决定后程。"新年第一会"的部署，是全年发展的"风向标"。多地不约而同把科 创"置顶"，本质上是选择了一条最符合时代要求的发展路径，以创新驱动高质量发展。站在"十五五"的 起点，随着各地部署落地见效，我国创新驱动发展的根基将愈发牢固，成效将愈发显著。 从北京冲刺全球人工智能创新高地，到湖北攻坚核心技术"卡脖子"难题，再到重庆打造万亿元级产业集 群，一系列举措勾勒出一条"以科创为引擎，培育新质生产力"的发展路径。而这一集体选择 ...

Core Insights - The A-share market experienced a strong start in January 2026, with a significant increase in public fund issuance, totaling 91 new funds, marking a record high for the period [1] - Equity funds led the issuance with 36 new products, reflecting institutional optimism towards equity assets [1][3] - FOF funds showed remarkable performance, with three newly established products raising over 60 billion yuan, accounting for more than 70% of the total issuance for the month, indicating strong demand for asset allocation products [1][2] Fund Distribution - In January 2026, the distribution of newly issued funds included 36 equity funds, 27 mixed funds, 13 bond funds, 13 FOFs, and 2 QDII funds, catering to various investor needs [2] - The total issuance scale of 11 newly established funds reached 81.91 billion yuan, with FOF funds contributing significantly to this figure [2] Performance of FOF Funds - The three FOF funds raised a total of 60.32 billion yuan, representing 73.64% of the total new fund issuance for the month, with the largest being Guangfa Yueying Stable Three-Month Holding A at 32.88 billion yuan [2] - High subscription efficiency was noted, with several funds completing their fundraising in just one day [2] Focus on Technology Innovation - The issuance of technology-themed funds, particularly those related to the Sci-Tech Innovation Board, emerged as a highlight in January, with multiple companies launching index funds tracking various dimensions of the board [4] - Institutions are recognizing the long-term investment value in the Sci-Tech Innovation Board and are creating more refined tools to capture growth opportunities across different sectors [4] Diverse Product Offerings - New fund products displayed a diverse range, catering to different risk preferences, with several major fund companies launching mixed equity or ordinary equity funds [4] - The trend indicates a growing emphasis on active management to generate excess returns [4] Global Asset Allocation Trends - In response to global asset allocation trends, several fund companies launched QDII or Hong Kong stock-themed funds, enabling investors to seize opportunities in quality Hong Kong assets [5] - Mixed bond funds and bond-mixed funds were also introduced to provide options for investors seeking stable returns [5] Strong Fund Company Performance - Leading public fund companies showcased robust product development capabilities, with several launching multiple new products across various categories [6][7] - Major banks are serving as custodians for many of these products, indicating strong support from distribution channels for the new fund issuance [7] Market Outlook - The public fund market in January 2026 had a promising start, reflecting fund managers' positive expectations for structural opportunities in the market [7] - The trend of innovation and depth in public fund services is expected to continue, providing investors with new tools to strategically position themselves for investment opportunities in 2026 [7][8]

刘宁还来到西大井历史文化街区，调研了解工业遗存保护开发和红色文化传承利用情况。 陈星参加。（记者 刘婵 张笑闻/文 董亮/图） 1月11日，省委书记刘宁到焦作解放区、山阳区、马村区，调研推动经济运行、基层治理等工作，强调要深入学习贯彻习近平总书记在河南考察时重要讲话 精神，全面贯彻中央经济工作会议精神，按照省委十一届十次全会和省委经济工作会议部署，以"开局就是奋斗、起步就要奋进"的奋发姿态，加快资源型城 市产业转型升级步伐，奋力推动经济发展实现良好开局。 责任编辑： 秦臻 产业是发展的根基，是推动经济增长的重要引擎。在位于山阳区的风神轮胎股份有限公司、瑞庆汽车发动机技术有限公司，刘宁察看产品展示、生产线，鼓 励企业抢抓行业发展机遇，不断提升核心产品市场竞争力，走好细分市场高端路线，推动制造业高端化、智能化、绿色化发展。在位于解放区的焦作地理信 息产业园、马村区的焦作丽珠合成制药有限公司，刘宁了解园区建设、企业发展、技术研发等情况，强调要加强与专业机构、头部企业对接合作，深化产学 研融通创新，培养引进高端人才，促进技术攻关和成果转化，推动科技创新和产业创新深度融合。在焦作千业新材料有限责任公司，刘宁询问全流程超 ...

Core Viewpoint - The coordination of investment and financing in the capital market has become a core task and strategic deployment for the development of China's capital market, marking a new historical starting point after over 30 years of development [1] Group 1: Importance of Coordination - The importance of coordinated development between investment and financing is established from a functional perspective, highlighting that they are two sides of the same coin and essential for the capital market's basic functions [2] - Addressing the long-standing imbalance between investment and financing, particularly the tendency to prioritize quantity over quality in financing, is crucial for overcoming challenges faced by the capital market [2] - Coordinated development supports high-quality growth, financial strength, technological innovation, and meets public wealth management needs, thereby enhancing residents' income and supporting domestic demand [2] Group 2: Institutional Framework - The need for a systemic approach to resolve issues related to investment and financing, emphasizing reforms to enhance the inclusiveness and adaptability of capital market systems [3] - Solutions must address both ends of the spectrum: improving financing quality while also adapting investment mechanisms to support dynamic changes in financing needs [3] - The coordination of investment and financing is a dynamic process that requires both market and government roles, especially in the context of technological innovation and green development [3] Group 3: Long-term Commitment - The task of enhancing the coordination of investment and financing is recognized as a long-term commitment, integrated into national reform agendas and the 14th Five-Year Plan [3] - The emphasis on "sustained" reform indicates that achieving these goals is not a short-term endeavor but a continuous process [3] Group 4: Systematic Approach - The requirement for a comprehensive reform approach highlights that the coordination of investment and financing is a systemic project that necessitates creating an ecosystem conducive to such development [4] Group 5: Ecosystem Development - To establish a coordinated development ecosystem, it is essential to integrate investment and financing into the broader economic and financial development framework [5] - The development of a coordinated system involves aligning financing support for technological innovation with investment strategies, encouraging long-term capital participation, and optimizing investor structures [5] - Macro policies, including monetary, fiscal, and regulatory measures, play a vital role in promoting the coordinated development of investment and financing [5] Group 6: Current Progress and Future Outlook - Recent reforms in the capital market have shown initial success, with measures taken to support technological innovation and improve investment quality, leading to increased investor confidence and a better investment environment [6] - As the functions of coordinated investment and financing continue to improve, the capital market is expected to play a more significant role in supporting high-quality development and building a strong financial system [6]

Group 1 - The 2026 China Chief Economist Forum Annual Meeting was held on January 10-11 in Shanghai, with the theme "Chess in the Middle Game: Building a Strong Nation" [1][2] - Li Zhan, Chief Economist of China Merchants Fund, stated that the A-share market has at least a 20% upside potential in 2026, supported by technology innovation, overseas expansion, and internet AI [1][2] - Li Zhan highlighted that while there are supportive factors, risks have not been fully eliminated, including issues related to real estate, local government debt, and unstable overseas geopolitical policies, making the direction of stimulus unclear [1][2] Group 2 - The recommendation is to focus on sectors with clear growth and profitability, particularly those supported by government policies in technology [1][2]