在PVC包装工序中，成品包装袋表面易吸附粉尘，在码垛环节极易出现滑落塌垛现象，给安全生产带来 挑战。此前，岗位人员通过压缩空气吹扫来处理，会造成大量气源浪费。针对该问题，该厂立马组织攻 关小组，开展一场聚焦解决粉尘问题的"攻坚战"。 近期，潞安恒通化工公司树脂厂通过技术改造，解决了聚氯乙烯(PVC)包装岗位成品袋粉尘吸附难题， 为装置长周期安全稳定运行注入活力。 为找准问题根源，攻关小组成员扎根生产现场，跟踪记录包装机运行参数、PVC物料传输速度及粉尘吸 附规律等数据，为方案设计积累了第一手资料。在此基础上，攻关小组确立了"精准调控、源头控尘"的 四步改造法。一是改造除尘系统，提升PVC包装系统真空度，通过稳定的负压操作从源头减少粉尘外 溢;二是重新校准包装袋抱夹的夹持力度与袋口对位精度，避免物料投放时产生粉尘泄漏;三是微调包装 缝纫机与热熔胶带的安装高度，确保封口环节紧密贴合，阻断粉尘溢出通道;四是优化包装袋排气孔， 在保障排气顺畅的同时，防止粉尘随空气排出。 经过一系列改造，现场粉尘问题有所改善，避免了因压缩空气吹扫带来的气源浪费，也让精益创新的种 子在每一位职工心中扎根。 ...

北京率先在一线城市实施楼市优化调整政策。12月24日，北京市住房和城乡建设委员会、北京市发展和 改革委员会、中国人民银行北京市分行、北京住房公积金管理中心等四部门联合印发《关于进一步优化 调整本市房地产相关政策的通知》(以下简称《通知》)，自2025年12月24日起施行，从限购松绑、信贷 优化等多个维度同步发力，着力释放住房需求。 58安居客研究院院长张波认为，《通知》既通过需求端松绑释放有效需求，又通过金融端减负降低购房 成本，还通过供给端提效保障优质供给，形成精准调控、供需合力的效果，有助于推动北京楼市向高质 量发展迈进。 需求端精准松绑 同步释放刚需与改善性需求 在金融端，《通知》明确，各银行业金融机构根据北京地区市场利率定价自律机制要求和本机构经营状 况、客户风险状况等因素，在利率定价机制安排方面不再区分首套住房和二套住房，合理确定每笔商业 性个人住房贷款的具体利率水平。 李宇嘉分析称，过去一段时间，受社保或个税缴纳年限等购房门槛及整体置业成本偏高等因素制约，相 关需求释放相对有限。随着近年来住房政策持续优化，购房综合成本明显下降，前期积累的合理住房需 求正逐步具备释放条件。 中原地产首席分析师张大伟 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 本报记者 陈 潇 张芗逸 北京率先在一线城市实施楼市优化调整政策。12月24日，北京市住房和城乡建设委员会、北京市发展和 改革委员会、中国人民银行北京市分行、北京住房公积金管理中心等四部门联合印发《关于进一步优化 调整本市房地产相关政策的通知》（以下简称《通知》），自2025年12月24日起施行，从限购松绑、信 贷优化等多个维度同步发力，着力释放住房需求。 58安居客研究院院长张波认为，《通知》既通过需求端松绑释放有效需求，又通过金融端减负降低购房 成本，还通过供给端提效保障优质供给，形成精准调控、供需合力的效果，有助于推动北京楼市向高质 量发展迈进。 需求端精准松绑 同步释放刚需与改善性需求 《通知》明确，非本市户籍居民家庭购买五环内商品住房的，缴纳社会保险或个人所得税的年限，调整 为购房之日前连续缴纳满2年及以上；购买五环外商品住房的，缴纳社会保险或个人所得税的年限，调 整为购房之日前连续缴纳满1年及以上。 广东省住房政策研究中心首席研究员李宇嘉表示，北京作为一线城市，当前住房消费潜力集中在长期在 京居住的非户籍人口群体。这部分人群 ...

从市场结构来看，这一政策对五环外市场利好明显。中原地产研究院数据显示，北京约80%的新建商品 住宅成交集中在五环外，五环外同样是二手房成交的核心区域之一。张大伟认为，随着政策落地，五环 外刚需新房项目有望率先迎来访客量和成交量回升。 北京率先在一线城市实施楼市优化调整政策。12月24日，北京市住房和城乡建设委员会、北京市发展和 改革委员会、中国人民银行北京市分行、北京住房公积金管理中心等四部门联合印发《关于进一步优化 调整本市房地产相关政策的通知》（以下简称《通知》），自2025年12月24日起施行，从限购松绑、信 贷优化等多个维度同步发力，着力释放住房需求。 58安居客研究院院长张波认为，《通知》既通过需求端松绑释放有效需求，又通过金融端减负降低购房 成本，还通过供给端提效保障优质供给，形成精准调控、供需合力的效果，有助于推动北京楼市向高质 量发展迈进。 需求端精准松绑 同步释放刚需与改善性需求 《通知》明确，非本市户籍居民家庭购买五环内商品住房的，缴纳社会保险或个人所得税的年限，调整 为购房之日前连续缴纳满2年及以上；购买五环外商品住房的，缴纳社会保险或个人所得税的年限，调 整为购房之日前连续缴纳满1年及 ...

本报记者 陈潇 张芗逸 北京率先在一线城市实施楼市优化调整政策。12月24日，北京市住房和城乡建设委员会、北京市发展和改革委员会、中国 人民银行北京市分行、北京住房公积金管理中心等四部门联合印发《关于进一步优化调整本市房地产相关政策的通知》（以下 简称《通知》），自2025年12月24日起施行，从限购松绑、信贷优化等多个维度同步发力，着力释放住房需求。 58安居客研究院院长张波认为，《通知》既通过需求端松绑释放有效需求，又通过金融端减负降低购房成本，还通过供给 端提效保障优质供给，形成精准调控、供需合力的效果，有助于推动北京楼市向高质量发展迈进。 需求端精准松绑 同步释放刚需与改善性需求 《通知》明确，非本市户籍居民家庭购买五环内商品住房的，缴纳社会保险或个人所得税的年限，调整为购房之日前连续 缴纳满2年及以上；购买五环外商品住房的，缴纳社会保险或个人所得税的年限，调整为购房之日前连续缴纳满1年及以上。 广东省住房政策研究中心首席研究员李宇嘉表示，北京作为一线城市，当前住房消费潜力集中在长期在京居住的非户籍人 口群体。这部分人群因扎根城市、结婚成家、子女教育形成的刚性住房需求，以及随着家庭结构变化产生的改善性 ...

临近年末，央行再度出手稳定资金面。12月18日，央行时隔近三个月重启14天期逆回购操作，开展1000 亿元投放，并同步开展883亿元7天期逆回购。业内人士认为，此举旨在应对跨年资金需求，通过期限结 构灵活调整熨平短期波动，释放货币政策灵活适度、精准调控的信号。在多种流动性工具的协同作用 下，市场对明年初降准的预期也有所升温。（上证报） ...

Group 1 - The autoimmune disease market is a blue ocean, with new targets and mechanisms driving rapid industry development. The global autoimmune market reached $132.3 billion in 2022 and is expected to grow to $176.7 billion by 2030, with a CAGR of 3.68% [2][3] - The drug development paradigm is shifting from broad-spectrum anti-inflammatory treatments to precision regulation, with significant room for improvement in efficacy and safety of existing drugs [2][3] Group 2 - Psoriasis affects approximately 125 million patients globally, with a focus on large molecule antibody drugs and a surge in small molecule oral TYK2 inhibitors that may replace existing treatments [3] - Atopic dermatitis impacts over 204 million people worldwide, with Dupilumab achieving sales exceeding $12.9 billion in the first three quarters of 2025, and new oral drugs like STAT6PROTAC showing superior efficacy [3] - The clinical demand for autoimmune diseases remains largely unmet, with domestic companies actively innovating in drug development, focusing on target innovation and expanding indications [4] Group 3 - Companies to watch include: 1. **Xiansheng Pharmaceutical**: Focused on differentiated targets with potential candidates like SIM0278, SIM0709, and SIM0711 [4] 2. **Kangnuo Pharmaceutical**: Rapidly increasing sales of Dupilumab, with peak sales expected to reach 5 billion yuan; CM512 shows promise as a leading TSLPxIL-13 dual antibody [4] 3. **Quansheng Biotechnology**: QX013N targets c-kit for CSU treatment, with additional dual antibody projects expected to submit IND applications between 2025 and 2026 [4] 4. **Yifang Biotechnology**: D-2570 (TYK2 inhibitor) is in Phase II clinical trials for UC, with promising Phase II data for psoriasis [4] 5. **Sanofi Genzyme**: Rapidly advancing IL-5 monoclonal antibody for asthma, with NDA submission expected by 2027 [4]

Group 1 - The central bank announced a 1,817 billion yuan reverse repurchase operation with a stable interest rate of 1.8%, aimed at managing liquidity before the National Day holiday [1][3] - This operation is a routine liquidity management measure, contrasting with previous years where single-day reverse repos reached up to 5,000 billion yuan, indicating a focus on "precise regulation" rather than "strong stimulus" [3][4] Group 2 - The short-term impact on the market is limited, but the operation signals that the central bank maintains a reasonable liquidity level and reassures that there will be no sudden policy shifts [4] - The macroeconomic policy remains supportive of growth, as evidenced by recent MLF operations and accelerated issuance of special bonds [4] Group 3 - Long-term investors should focus on three key indicators: MLF operation rates as a policy interest rate benchmark, social financing data to gauge real financing demand in the economy, and inflation expectations, particularly the core CPI [5] - The current environment suggests that investors should look for opportunities in undervalued stocks, especially if market volatility occurs post-holiday [6]

Core Viewpoint - Changchun's new housing subsidy policy aims to stimulate housing consumption and promote the stable development of the local real estate market through targeted support for different buyer groups [1][11]. Group 1: Policy Core Content - The subsidy policy features a dual-track approach, offering interest subsidies for loan buyers and cash vouchers for those making one-time payments [3]. - Loan buyers can enjoy a 1% interest subsidy on the initial loan amount, capped at 10,000 yuan per year for a maximum of three years [3]. Group 2: Incentives for One-Time Payment - Buyers who pay in full can receive a housing consumption voucher worth 15,000 yuan per unit during the promotional period [5]. - The policy includes a detailed process for voucher application and redemption to ensure smooth implementation [5]. Group 3: Policy Scope and Limitations - The subsidy applies only to newly built residential properties, excluding unregistered projects, second-hand homes, and commercial properties [7]. - Specific districts and areas, such as Dongyang District and Jiutai District, are excluded from the policy's applicability [7]. Group 4: Policy Execution Details - For the loan interest subsidy, eligible buyers do not need to apply actively; they can enjoy the benefit upon completing mortgage registration [9]. - The registration deadline for mortgage registration is extended to November 30, 2025, providing a more flexible timeline for buyers [9]. - One-time payment buyers must register and follow the process via the "Changchun Housing Rental" WeChat account to obtain their vouchers [9]. Group 5: Market Impact - The policy is expected to boost transaction volumes in the short term and attract hesitant buyers into the market [11]. - The targeted and categorized subsidy approach is seen as a more effective resource allocation strategy compared to broad measures [11].

Core Viewpoint - The Ministry of Industry and Information Technology emphasizes the need for targeted policies to stabilize key industries, which are crucial for maintaining the industrial economy's foundation and facilitating long-term transformation [1][3]. Group 1: Importance of Key Industries - Key industries account for approximately 70% of the value added in large-scale industrial sectors, making their stability essential for the overall industrial economy [1]. - In the first half of the year, industries such as electrical machinery, automobiles, electronics, general equipment, chemicals, and non-ferrous metals showed rapid growth, contributing significantly to the growth of large-scale industries [1]. - The electronic information manufacturing industry has maintained the highest revenue share among 41 industrial categories for 12 consecutive years, highlighting its critical role in the industrial economy [1]. Group 2: Interconnectedness of Key Industries - Key industries have strong inter-industry linkages, where fluctuations can lead to domino effects across the supply chain, impacting overall industrial growth [2]. - Stability in key industries can foster collaborative growth in upstream and downstream sectors, enhance business confidence, attract more capital, and stimulate innovation and consumption [2]. - Different key industries face unique challenges and characteristics, such as the growth phase of new energy vehicles versus the maturity of traditional industries like steel and chemicals [2]. Group 3: Tailored Policy Approaches - Policies must be tailored to the specific needs of each industry; for example, tax reductions and infrastructure development for the automotive sector, environmental upgrades for steel, and supply chain stability for electronics [3]. - A dynamic policy adjustment mechanism is necessary to respond to evolving industry challenges, ensuring timely calibration of policy directions [3]. - The Ministry's previous initiatives aimed at stabilizing key industries through supply and demand measures have shown potential for long-term industrial economic growth [3].