Core Insights - Guangdong's capital market has achieved significant milestones in 2025, with a total of 45 new listed companies and a total financing amount of 53.5 billion yuan, maintaining its leading position in China [1][4][14] - The province's focus has shifted from merely increasing the number of listed companies to enhancing the quality and sustainability of its capital market [1][3][15] Group 1: Market Growth and Structure - By the end of 2025, Guangdong had 890 domestic listed companies and 334 overseas listed companies, both ranking first in the country [1][4] - The province's listed companies are characterized by strong performance across key metrics, including total market value, total assets, and R&D investment intensity, indicating a robust competitive advantage [4][14] - The number of new listing applications surged by 480% year-on-year, with 58 new companies applying, representing 19% of the national total [6][14] Group 2: Innovation and Industry Upgrades - Over 95% of the 21 new domestic listed companies belong to strategic emerging industries or high-tech sectors, highlighting the capital market's role in driving industrial transformation [7][10] - The capital market has become a core hub for guiding industries towards innovation, with a significant focus on technology and high-end manufacturing [10][11] Group 3: Mergers and Acquisitions - More than 250 listed companies in Guangdong have engaged in mergers and acquisitions aimed at industrial integration, with a total transaction volume exceeding 150 billion yuan [13][14] - The province has implemented innovative policies to facilitate mergers and acquisitions, creating a collaborative mechanism that enhances the overall competitiveness of the industry [11][13] Group 4: Value Creation and Shareholder Returns - The total market value of A-share companies in Guangdong reached 19.32 trillion yuan, with a year-on-year growth of 29%, leading the entire market [14] - Over 240 listed companies have conducted share buybacks or increases, amounting to nearly 20 billion yuan, reflecting a strong commitment to shareholder returns [14]

10个品种拟入选第三批"陇药名方" 责任编辑：任彩玲 每日甘肃网1月7日讯 据兰州晚报报道 近日，第三批甘肃省"陇药名方"遴选终审答辩会在兰州举行，10 个品种拟入选并将公示。 10个拟入选品种分别是：天祝藏医药研究院的华锐洁白丸，主打胃肠不适调理；甘肃中医药大学附属医 院的活血定眩胶囊、平胃胶囊、健胃消胀合剂、小儿开胃增食合剂，可改善眩晕、腹胀、小儿积食等问 题；甘肃省中医院的祛寒逐风合剂、三黄栓、消肿止痛合剂、益肺健脾丸等4个品种，针对关节冷痛、 痔疮肿痛、跌打瘀肿、咳嗽气短；天水市中医医院的芪芍护脑荣筋胶囊，适用于脑梗死恢复期肢体麻 木、言语不利等症状。 记者 田小东 ...

（来源：市场星报） 有人一感冒发烧，就想着吃点清热解毒类药物祛"毒火"。对此，中国中医科学院西苑医院主任医师樊茂 蓉介绍，这种做法并不完全正确。从中医角度来讲，只有风热犯肺或热毒内蕴的情况，使用清热解毒药 物才有效。 一遇到干咳就习惯性地喝秋梨膏来润肺止咳，这种做法其实也不完全正确。 但不是一遇到干咳就要用秋梨膏进行润肺止咳，食疗也要进行辨证。比如，北方的冬天，天气寒冷，风 也比较大，如果属于风邪犯肺引起的咳嗽，不妨用苏叶、防风煮水喝，以发挥疏散风邪止咳的作用。风 邪犯肺所致的咳嗽是阵发性的，其特点是咽喉一痒就想咳嗽。 冬季慢性呼吸系统疾病如哮喘、慢阻肺、支气管扩张症容易反复发作，甚至进行性加重，樊茂蓉主任介 绍，对关元穴（在肚脐下三寸）和大椎穴（第七颈椎棘突下的凹陷处）进行艾灸，能够起到温肾升阳、 驱寒固表的作用，从而减少慢性呼吸道疾病患者反复发作或者反复加重的次数。 艾灸时注意要采用悬灸的方法，每次艾灸10-15分钟，每周两次即可。 需要提醒大家的是，并不是所有人都适合于这种艾灸方法。比如热性体质的人，表现为大便黏腻或者阴 虚肺燥的人，如干咳、没有痰或者大便偏干、舌红的人就不适合艾灸。 据《北京青年报》 ...

Group 1 - The event "Hong Kong, Macao compatriots, overseas Chinese, and international friends visit Sichuan" was officially launched, with over 500 invitees visiting cities affected by the Wenchuan earthquake to explore post-disaster reconstruction achievements [1] - The Macau delegation visited key projects such as the Liyuan Center Elderly Care Home and the Guangyuan Aoyuan Sports Center, showcasing the impact of Macau's aid [1] - Participants expressed admiration for the significant improvements in public infrastructure in Guangyuan, noting that it is now comparable to Macau [2] Group 2 - The Sichuan-Hong Kong Rehabilitation Center, a project funded by Hong Kong, is recognized as one of the most advanced rehabilitation centers in Southwest China, demonstrating improved medical services [2] - Future cooperation opportunities were discussed, including plans for a new traditional Chinese medicine hospital in Hong Kong and strengthening educational exchanges between youth in Macau and Sichuan [3] - The Sichuan Hong Kong Olympic Sports School, funded by the Hong Kong Jockey Club, plays a crucial role in nurturing high-level sports talent and facilitating exchanges between Sichuan and Hong Kong [3] Group 3 - Overseas Chinese, such as 温锦华, have made significant contributions to the disaster recovery efforts in Guangyuan, including the construction of "Overseas Chinese Love Homes" [4] - There are intentions to introduce advanced Russian technology to develop the health and wellness industry in Guangyuan, indicating potential for international collaboration [4]

下一步，联合体将重点建设跨境成果对接网络，推动中药产品、诊疗技术及相关服务标准化、规模化走 向国际；同时开展跨国联合研发与人才培养，促进中医药科研与国际市场需求深度融合。 （文章来源：每日经济新闻） 四川彭州经开区天府中药城管委会相关负责人介绍，中医药在共建"一带一路"中具有独特优势，但当前 仍面临跨境协作机制不畅、标准对接困难、知识产权保护体系不协调等现实挑战，制约了中医药成果的 全球应用推进。 为此，11家单位联合发起成立该协作机制，汇聚科研、临床、产业、服务等全链条资源，形成"研发— 孵化—跨境—应用"的一体化推进体系。该负责人表示："联合体将发挥资源协同作用，促进政策、技 术、资本与市场的高效对接，成为中医药国际化的'协作枢纽'。" 联合体的成立，意味着中医药国际转化从"分散推进"向"系统协作"转变。成都市技术转移联盟相关负责 人表示："选择落地彭州，是基于这里深厚的中医药产业基础、完善的创新生态和活跃的转化氛围。期 待通过联合体机制，推动更多四川中医药成果走向世界。" 12月29日，在2025年度中医药科技成果直通车（四川站）暨"科创天府·智汇蓉城"中医药产业创新生态 科技成果对接会上，"一带一路" ...

Core Viewpoint - The sustainable development of new consumption relies on a multi-dimensional ecological collaboration involving policy, market, and regulation. Despite the flourishing of new consumption scenarios, challenges such as insufficient consumer capacity and willingness, a relative shortage of high-quality supply, and the need for an optimized consumption environment persist. To invigorate consumption, a systematic ecology must be established, focusing on income support, regulatory oversight, policy empowerment, and building trust [1]. Group 1 - The primary task of ecological collaboration is to strengthen income support for residents, providing a solid foundation for consumption. The core of consumption is demand, which is fundamentally based on income. The Central Economic Work Conference has emphasized promoting reasonable growth in wage income and broadening channels for property income [1]. - A key aspect of ecological collaboration is improving the regulatory environment for consumption, ensuring that consumers feel more secure. As consumption scenarios continue to innovate, issues such as prepaid consumption risks, digital privacy breaches, and the lack of service standards in new scenarios have become increasingly prominent. Local governments are accelerating the establishment of a comprehensive, multi-layered regulatory system [1][2]. Group 2 - An example of effective implementation is found in Shishe Village, where "trustworthy consumption" is integrated into grassroots governance and business practices, supporting rural revitalization. The village, once considered "hollow," now attracts over one million visitors annually, with a stable and transparent consumption environment being a crucial factor for its sustained appeal [1][2]. - The important guarantee for ecological collaboration is to strengthen cross-departmental policy coordination, making development more robust. The cultivation of new consumption scenarios involves multiple departments, including commerce, culture, tourism, sports, technology, and market regulation, necessitating the breaking down of silos to form a collaborative effort. The National Development and Reform Commission has issued measures to create new consumption scenarios, clarifying departmental responsibilities and cooperation mechanisms [2]. Group 3 - Recent reports from the Zhejiang New Consumption Brand Research Institute indicate that the development of new consumption in Zhejiang is transitioning from "single-point innovation" to "ecological co-prosperity." The boundaries of industries are being fundamentally reshaped, creating new scenarios and redefining value chains [2][3]. - For instance, the integration of "agriculture, commerce, and tourism" has become a new paradigm, exemplified by the brand Panda Pig, which has created an industrial complex with an annual revenue exceeding 350 million, achieving value creation through synergy. Additionally, the "culture, commerce, and tourism" integration has opened new avenues, as seen in the M511 Light and Shadow Hub in Hangzhou, which combines cultural, technological, and commercial elements into a new consumer experience [3].

Core Viewpoint - The Chinese traditional medicine industry is experiencing significant growth driven by policy support and increasing health demands, with a focus on balancing tradition and innovation [1] Group 1: Company Strategy - Jilin Aodong Pharmaceutical Group Co., Ltd. adopts a dual-driven strategy of "medicine health + financial capital" to modernize traditional Chinese medicine [1] - The company has established a robust capital collaborative network, holding 20.11% of Guangfa Securities and being a major shareholder in several pharmaceutical companies, which supports its main business [2][3] - Financial returns from investments in Guangfa Securities contributed 12.43 billion yuan and 17.49 billion yuan in 2023 and 2024 respectively, providing continuous financial support for the pharmaceutical business [3] Group 2: Financial Empowerment - The financial layout allows Jilin Aodong to maintain stable and abundant returns, which are reinvested into the pharmaceutical sector to alleviate the high risks and long cycles of research and development [3] - The company emphasizes a principle of "main business first, financial empowerment," ensuring that financial gains are directed back to support the core pharmaceutical operations [3] Group 3: Technological Innovation - Jilin Aodong places technological innovation at the core of its strategy, focusing on the research of key raw materials and advancing in fields like anti-aging and regenerative medicine [5] - The company has developed a closed-loop industrial chain around the breeding, processing, and quality control of deer antler, ensuring the quality and traceability of raw materials [5][6] - The implementation of modern technology in traditional practices is seen as essential for unlocking the core value of traditional Chinese medicine [5][6] Group 4: Industry Development - The modernization of traditional Chinese medicine is supported by national policies aimed at enhancing quality, digital transformation, and new drug development [4] - Jilin Aodong aims to reshape production factors through technological innovation, transitioning from resource-dependent to innovation-driven models [6] - The company is committed to continuous investment in research and development, enhancing its intelligent layout across the entire industrial chain, and maintaining its heritage as a time-honored brand [7]

Core Viewpoint - The Chinese traditional medicine industry is experiencing significant growth driven by policy support and increasing health demands, with a focus on balancing heritage and innovation [1] Group 1: Company Strategy - Jilin Aodong Pharmaceutical Group Co., Ltd. adopts a dual-driven strategy of "pharmaceutical health + financial capital" to modernize traditional Chinese medicine [1] - The company has established a robust capital collaborative network, holding 20.11% of Guangfa Securities and being a major shareholder in several pharmaceutical companies, which supports its main business [2][3] Group 2: Financial Performance - In 2023 and 2024, the investment in Guangfa Securities is expected to contribute 1.243 billion and 1.749 billion yuan in revenue, respectively, with a total of 8.757 billion yuan in cash dividends provided to the company [3] - Financial returns are reinvested into the pharmaceutical business, alleviating the high risks and long cycles associated with research and development [3] Group 3: Technological Innovation - The modernization of traditional Chinese medicine relies on modern technology to unlock its core value, transitioning from "experience inheritance" to "scientific decoding" [4] - Jilin Aodong focuses on core material research and is actively involved in cutting-edge fields such as anti-aging and regenerative medicine [4][5] Group 4: Production and Quality Control - The company has developed a closed-loop industrial chain around the breeding, processing, and quality control of its core product, the Aodong deer antler [4][6] - Investments exceeding 46 million yuan have been made to upgrade disease prevention facilities and implement a digital quality control system across its standardized breeding bases [6] Group 5: Future Outlook - Jilin Aodong aims to deepen its dual-driven advantages and integrate new productive forces throughout its industrial development process, focusing on continuous investment in research and intelligent layout [7]

Core Viewpoint - The establishment of the National Artificial Intelligence Application Pilot Base (Medical Field) in Henan marks a significant integration of traditional Chinese medicine (TCM) with modern AI technology, aiming to enhance the entire TCM industry chain through intelligent solutions [1][2]. Group 1: Reasons for Establishment - The pilot base is a response to the challenges faced by traditional Chinese medicine, such as difficulties in inheritance, standardization, and scalability, and aims to accelerate the application of AI technology in TCM [2]. - Henan, as a major birthplace of TCM and home to rich cultural and resource advantages, provides a unique environment for the development of AI in TCM, supported by a vast population and clinical data [2]. Group 2: Construction Plans - The pilot base will serve as an open public service platform focused on the deep integration of AI and TCM, addressing systemic challenges like data fragmentation and innovation transfer [7]. - It aims to build three foundational platforms: computing power, data, and models, with a focus on creating a high-quality, standardized public data resource pool [7]. - The base will concentrate resources on developing two vertical models: "TCM services" and "medical auxiliary diagnosis," enhancing innovation efficiency across the industry [7]. Group 3: Expected Impacts - The pilot base is expected to empower grassroots healthcare by promoting AI-assisted diagnostic systems and intelligent medical devices to community health centers, thus addressing the uneven distribution of medical resources [10]. - It will serve as a powerful incubator for the TCM industry, facilitating the standardization and branding of TCM products, and enhancing the overall value of the industry chain [10]. - The base will also contribute to establishing industry standards and best practices for AI applications in TCM, potentially influencing national guidelines and fostering the modernization and internationalization of TCM [11].

Core Viewpoint - The Nanyang Municipal Party Committee has proposed a comprehensive plan for the 15th Five-Year Plan, focusing on economic and social development, emphasizing the importance of direct financing, technological innovation, and the integration of traditional Chinese medicine into modern industries [1][2]. Group 1: Economic Development Strategies - The plan includes actions like "Inviting Capital to Nanyang" and "Insurance Capital into Nanyang," aiming to accelerate the development of technology, green finance, and digital finance [1][3]. - A significant goal is to enhance the direct financing environment and promote corporate listings to attract long-term and patient capital [1][3]. - The "Wan Medicine Revitalization" initiative aims to develop modern Chinese medicine enterprises and expand the industry to a scale of 100 billion [1][3]. Group 2: Infrastructure and Innovation - The establishment of key laboratories and research institutions is prioritized to focus on major industrial chains and significant projects [1][3]. - The plan emphasizes the need for a modernized industrial system, with a focus on advanced manufacturing, green food, and new materials [15][16]. - The integration of digital technology into traditional industries is highlighted, promoting the development of a digital economy [18][19]. Group 3: Social and Environmental Goals - The plan aims to improve the quality of life for residents by enhancing public services and ensuring equitable access to resources [13][14]. - Environmental sustainability is a key focus, with initiatives to improve ecological quality and achieve carbon peak goals [12][14]. - The development of a modern agricultural system is emphasized, aiming to enhance food security and promote rural revitalization [33][34]. Group 4: Governance and Market Reforms - The plan outlines the need for comprehensive reforms to enhance market efficiency and reduce competition that leads to inefficiencies [24][25]. - It stresses the importance of a unified market and the removal of barriers to facilitate smoother resource allocation [24][25]. - The governance framework aims to enhance administrative efficiency and public trust in government [11][12].