2025年12月31日，国家发展改革委、国家能源局联合发布《关于促进电网高质量发展的指导意见》。其 中提出，到2030年，主干电网和配电网为重要基础、智能微电网为有益补充的新型电网平台初步建成， 主配微网形成界面清晰、功能完善、运行智能、互动高效的有机整体。电网资源优化配置能力有效增 强，"西电东送"规模超过4.2亿千瓦，新增省间电力互济能力4000万千瓦左右，支撑新能源发电量占比 达到30%左右，接纳分布式新能源能力达到9亿千瓦，支撑充电基础设施超过4000万台，公共电网的基 础作用充分发挥，智能微电网多元化发展，电力系统保持稳定运行，服务民生用电更加有力。 3、2026年元旦假期国内出游1.42亿人次 2026年元旦假期，全国文化和旅游市场总体平稳有序，消费活力持续释放。文化和旅游部4日公布：假 期3天，全国国内出游1.42亿人次，国内出游总花费847.89亿元。评：大消费方向在去年预期比较低，在 大类风格里表现也是比较弱的，今年肯定会有机会，不过依然需要耐心等待时机。 4、元旦假期中国资产大爆发，香港恒生科技指数涨4% 要闻速递 1、国务院：原则上不再批准建设无自建矿山、无配套尾矿利用处置设施的选矿项目 ...

Core Viewpoint - Lei Jun, the chairman of Xiaomi Group, acknowledged the issue of "small print marketing" as a common industry practice and committed to immediate rectification, emphasizing that compliance measures should not be misinterpreted as false or excessive marketing [4][5]. Group 1: Xiaomi's Response to Marketing Practices - Lei Jun stated that "small print marketing" is an industry flaw that Xiaomi will correct starting now [4]. - He clarified that some practices used for compliance should not be labeled as misleading marketing, which he views as a significant misunderstanding of Xiaomi [4]. - Xiaomi's assistant, Xu Jieyun, mentioned that the use of small print in promotional materials has been a common practice, but they have overlooked consumer perceptions [5]. Group 2: Industry Developments - Xiaomi aims to deliver 550,000 cars by the end of 2026, focusing more resources on automotive development [16]. - The company has introduced a safety feature in its vehicles called "wheel loss protection," which is designed to enhance safety by allowing wheels to detach under certain conditions [16]. - The overall market for electric vehicles is expected to grow, with companies like Enchem entering long-term supply agreements to boost production capabilities [13].

今日热点导览 TOP 3 大新闻 雷军回应小字营销：接受批评，小字确实是行业陋习 1月3日晚，小米集团董事长雷军进行了2026年第一场直播。此次直播中，对于小字营销一事给予了回 应。 雷军在直播中称，"小字营销"是行业陋习，小米从现在做起，马上就改。"我觉得这个毛病确实要改。 但是如果把用来合规的一些做法贴上虚假营销或者过度营销的话，这是对小米天大的误解。" 小米集团董事长特别助理、战略市场部副总经理徐洁云表示，"客观讲，长久以来在宣传物料，比如说 海报也好，PPT也好，上面加上小字做标注做注释，确实是行业常见的惯例。我们之前更多的考虑的是 法律合规，因为要符合广告法，确实当中有一部分是忽略了大家的感受的，以至于就出现这样一种结 果。"（蓝鲸新闻） 宇树科技：未涉及申请"绿色通道"相关事宜，上市工作正常推进 36氪获悉，近日，某媒体发布宇树科技上市相关报道（下称"该报道"），并被众多媒体、网络平台及自 媒体大规模转载。该报道涉及我司上市工作相关动态情况的内容与事实情况不符，我司未涉及申请"绿 色通道"相关事宜。相关报道误导公众认知，已严重侵害我司合法权益。我司已向主管部门反映，同时 督促相关方撤回不实报道。我 ...

Group 1 - The current rise in Hong Kong stocks is supported by fundamentals, with signs of structural recovery in profitability starting from the second half of 2024 due to stabilization in both domestic and external demand and macroeconomic policy support [1][24] - The Hang Seng Index is transitioning from traditional economic cycles to focus on hard technology sectors such as AI applications, new energy, and semiconductors, with the weight of new economy sectors in the index increasing from 17% to nearly 50% [1][34] - The performance of Hong Kong stocks is expected to shift from being liquidity-driven to being driven by both profitability and liquidity, with earnings growth projected to rebound to 10.8% in 2026 [1][25] Group 2 - The current low valuation levels of quality companies in Hong Kong stocks highlight their growth potential, and the market sentiment has likely adjusted to current liquidity and emotional factors [6][24] - The structural recovery in profitability is evident, with emerging industries experiencing rapid growth while traditional sectors are still stabilizing [28][29] - The performance of individual stocks correlates positively with earnings growth, with high-growth companies significantly outperforming those under profit pressure [33] Group 3 - The upcoming liquidity improvements, including potential dovish signals from the new Federal Reserve chair and a decrease in HIBOR rates, could provide upward momentum for Hong Kong stocks [52][70] - The AH premium is expected to decline further due to increased investment from insurance funds in H-shares and the growing convenience for foreign capital to allocate resources in Hong Kong [71][74] - The spring market rally in Hong Kong stocks has historically shown a high probability of positive returns, indicating a potential opportunity for investors [56][60]

今日优选 美军"闪击"委内瑞拉，马杜罗预计5日在纽约"首次出庭" 沙特空袭也门东部迈赫拉省 特朗普威胁要就伊朗骚乱事件进行干涉 欧佩克+八国同意第一季度暂停增产 美联储保尔森：不会立即出台任何额外降息举措 超越特斯拉！比亚迪问鼎2025年全球纯电销量冠军 国家大基金大比例增持中芯国际H股 男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 新年首个交易日，美股三大股指走势分化，道指收盘涨0.66%，标普500指数涨0.19%，纳指跌0.03%，盘中一度涨超1%。芯片股飙升，美光科技(MU.O)涨超 10%，英特尔(INTC.O)涨6.7%。纳斯达克中国金龙指数大涨4.38%，百度(BIDU.O)涨超15%，阿里巴巴(BABA.N)涨6.2%。 港股2026年首个交易日迎来开门红。香港恒生指数收复26000点关口，收涨2.76%，报26338.47点；恒生科技指数涨幅4%，报5736.44点；。从板块表现来 看，市场呈现普涨态势，生物医药、科网、黄金、银行、券商等多个赛道联袂走高。其中科网股表现亮眼，百度集团涨9.35%，网 ...

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 2026年欧股开门红，美股反弹艰难，芯片股力撑但特斯拉拖累。 周五，泛欧股指收创历史新高，ASML涨7%。三大美股指仅纳指未收涨、盘中曾齐跌。特斯拉收跌2.6%，软件股抵消多数芯片股涨势，Salesforce跌超 4%；英伟达涨超1%，三星劲敌美光涨10%。白宫推迟对部分家庭用品征关税后，家庭用品零售商RH涨近8%。 中概指数周五涨超4%，百度大涨15%，阿里涨超6%。离岸人民币低开高走，盘中涨超百点、逾两年半来首次涨破6.97。 外交部发言人就美国强行控制委内瑞拉总统马杜罗夫妇答记者问。中方呼吁美方确保马杜罗总统夫妇人身安全，立即释放马杜罗总统和夫人，停 止颠覆委内瑞拉政权，通过对话谈判解决问题。 俄罗斯强烈敦促美国释放马杜罗。 伊朗最高领袖: 应与抗议者进行对话，但骚乱行径必须得到制止。特朗普威胁"干涉伊朗骚乱"，伊朗高官回应：美国干涉伊朗内部事务将"破坏整 个地区稳定"。 商品基准指数"重置"在即，面临抛售风险，金银开年"冲高回落"。 宇树科技澄清：我司未涉及申请"绿色通道"相关事宜，上市工作正常推进。 雷军260分钟"拆 ...

（来源：新华日报） 去年7月，宝马全球信息技术研发中心落户南京，这是宝马集团全球六大信息技术研发中心之一、中国 首个信息技术研发中心，南京作为宝马集团在中国乃至亚洲"数字大脑"的地位再次被强化。 同一个月，小度技术华东总部签约落户玄武，拥有5000万家庭用户的小度将在南京建设包括研发中心、 行业解决方案中心等在内的四大能力中心，聚焦核心技术攻关，系统建设智慧产业基地。 此外，已投用的小米华东总部、阿里南京中心等超大规模研发基地聚集的研发人员动辄超过万名。 央企国机数字科技总部、外资金拱门南京研发中心等，随着一个个研发项目的落地，创新要素大量集 聚，南京正从区域性中心城市，转变为全球创新网络中的一个关键节点，在全球技术版图中刻下自己的 坐标。 □ 本报记者 陈雨薇 颜芳 "今天发布的政策对我们吸引人才有很大帮助！"4日下午参加新年第一会，世和基因创始人、董事长邵 阳认为，此次大会新意十足，推出的人才新政精准契合企业需求，对引进腰部人才的支持力度尤其诚意 满满，将为企业引才工作提供巨大助力。 南京本次发布的人才新政2.0目标明确：每年吸引10名左右的顶尖人才，吸引200个领军人才，吸引2000 个培育骨干引军人才 ...

Group 1 - The core viewpoint is that the domestic economy is expected to show moderate growth in 2026, driven by a stable and progressive economic policy and positive changes in both internal and external economic environments [1] - The structure of domestic demand is anticipated to undergo significant changes, with a reduced impact from real estate and an increased emphasis on consumption, particularly in "investing in people" as a key direction for expanding domestic demand [1] - The ongoing "anti-involution" policies are expected to alleviate the supply-demand imbalance, promoting a recovery in corporate profits and improvement in profit margins [1] Group 2 - The market is projected to shift from the extreme conditions of 2025 to a more balanced state in 2026, with the past two years characterized by liquidity chasing scarce assets [1] - In the context of a dual easing fiscal and monetary environment, the renminbi is expected to stabilize and recover in the short term, marking the beginning of value allocation and valuation recovery for Chinese assets [1] - Despite increased volatility in the US stock market, the long-term development trend of AI is accelerating, with significant focus on the commercialization of intelligent agents and investment opportunities in the broader technology sector remaining a key theme for 2026 [1] Group 3 - The Hong Kong stock market's decline in Q4 2025 was primarily influenced by liquidity contraction, but current valuations are considered to have high cost-effectiveness [2] - As an offshore market, Hong Kong stocks tend to exhibit greater resilience during the Federal Reserve's interest rate cut cycle, with internet assets possessing both technology and cyclical attributes suitable for left-side positioning [2] - The long-term outlook for the equity market remains optimistic, with a recommendation for balanced investment strategies that consider individual risk preferences, highlighting structural opportunities in cyclical resources, export chains, and core assets [2]

Group 1 - The core viewpoint is that the domestic economy is expected to show moderate growth in 2026, driven by a stable yet progressive economic policy and positive changes in both internal and external economic environments [1] - The structure of domestic demand is anticipated to undergo significant changes, with a reduced impact from real estate and an increased emphasis on consumption, particularly in "investing in people" as a key direction for expanding domestic demand [1] - The ongoing "anti-involution" policies are expected to alleviate the supply-demand imbalance, promoting a recovery in corporate profits and improvement in profit margins [1] Group 2 - The market is projected to shift from the extreme conditions of 2025 to a more balanced state in 2026, with the past two years characterized by liquidity chasing scarce assets [1] - In the context of a dual easing fiscal and monetary environment, the Chinese yuan is expected to stabilize and recover in the short term, marking the beginning of value allocation and valuation recovery for Chinese assets [1] - Despite increased volatility in the US stock market, the long-term development trend of AI is accelerating, with significant focus on the commercialization of intelligent agents and investment opportunities in the broader technology sector remaining a key theme for 2026 [1] Group 3 - The Hong Kong stock market's decline in Q4 2025 was primarily influenced by liquidity contraction, but current valuations are considered to have high cost-effectiveness [2] - As an offshore market, Hong Kong stocks tend to exhibit greater resilience during the Federal Reserve's interest rate cut cycle, with internet assets possessing both technology and cyclical attributes suitable for left-side positioning [2] - The long-term outlook for the equity market remains optimistic, with a recommendation for balanced investment strategies that consider individual risk preferences, highlighting structural opportunities in cyclical resources, export chains, and core assets alongside technology growth [2]

转载自微信公众号环境生态网，来源：wind，版权归原作者及刊载媒体所有。 2025年度"中国上市企业市值500强"榜单，腾讯控股、工商银行、农业银行位列市值榜前三名。市值超1 万亿元的企业有16家，较2024年增长6家。市值超万亿企业中，阿里巴巴、工业富联排名提升幅度较 大，分别提升5位和16位，农业银行、建设银行、宁德时代、中国平安亦小幅提升。 | 排名 | 证券简称 | 市值(亿元) | 排名变化 | | --- | --- | --- | --- | | 1 | 腾讯控股 | 49,400 | | | 2 | 工商银行 | 26,311 | | | 3 | 农业银行 | 26,123 | 1 | | ব | 阿里巴巴-W | 24,621 | 5 | | 5 | 建设银行 | 18,665 | 2 / | | 6 | 中国石油 | 18,453 | | | 7 | 贵州茅台 | 17,246 | ব | | 8 | 中国银行 | 17,040 | | | റ | 宇德时代 | 16.900 | - | | 10 | 中国移动 | 16,216 | 5 | | 11 | 工业富联 | 12,322 | 1 ...