南都讯 为助力民营企业把握国际化发展机遇，破解出海过程中的政策适配、战略规划、合规风险等核 心难题，1月23日至24日，由国家发展改革委培训中心（宣传中心）主办的学习宣传贯彻党的二十届四 中全会精神专题培训宣介活动暨"民营企业出海万里行"赋能培训在广州成功举办。 本次培训由暨南大学承办，合图教育科技股份有限公司支持，汇聚政、学、企、研领域权威专家，通过 专题授课、互动交流、案例分享等多元形式，为民营企业搭建了高质量的学习交流与资源对接平台。 为民营企业搭建跨界交流桥梁 1月23日上午，培训在暨南大学惠全楼315室正式拉开帷幕。暨南大学党委常委副校长张小欣、国家发展 改革委培训中心（宣传中心）国际合作处副处长高燕飞分别发表开班致辞，暨南大学创业学院院长助 理、黄埔分院院长余燕舞主持开班仪式。 本次培训为期两天，课程设置兼具政策高度、战略深度与实践温度，涵盖政策解读、战略规划、合规风 险、跨文化管理、宏观趋势等六大核心模块，七位来自政府部门、高校科研院所、行业服务机构的权威 专家轮番授课，为参训企业带来干货满满的知识盛宴。 广东省发展改革委民营经济发展局局长刁鹏以 "广东省提升民营企业国际竞争力政策解读" 为题， ...

2026年1月21日，榜样教育京津冀线下沙龙在AI智能商业园区圆满启幕，这不仅是一场汇聚家庭教育智 慧的相聚，更是一次灵魂与灵魂的碰撞、生命与生命的滋养。从破冰觉醒到模式深耕，从困惑剖析到修 复成长，每一位家人都在这场温暖的奔赴中，收获自己的成长。 破冰起航：在看见中唤醒内在力量 沙龙伊始，"认识自己"的破冰环节便拉近距离，让每一份真实都有了安放的空间。在这里，我们见证了 无数生命成长的微光： 有人因线下课程的滋养，突破能量桎梏，在感恩营中主动担当，实现自我蜕变； 有人历经5天好爸妈课程的铺垫、21天深度践行的沉淀，终在心灯课程中读懂原生家庭的印记与夫妻关 系的密码，在感恩中放下对孩子的高期待，看见对伴侣的忽视，解开家庭关系的死结； 有人背负异地工作的奔波与婆媳关系的隔阂，带着对和谐家庭氛围的渴求，在这儿寻找破局之道； 也有人坦言，成长从不是一帆风顺的坦途——线下充电后状态回升，却仍会陷入低谷循环，但正是这份 对"坍塌与不完美"的接纳，让心灵重获轻盈，打破了自我苛责的枷锁； 更有家人在育儿困境中觉醒，放下对孩子的极致要求，主动承担责任、回流能量，亲手化解内心的愤 怒，修复亲子与家庭关系。 每一份故事，都是成长 ...

人工智能将给教育带来哪些变化？1月24日上午，在2026崇礼论坛上，新东方创始人俞敏洪直言，未来 老师的功能将会改变，核心变成帮助学生激发潜能、塑造健全人格，成为孩子灵魂的唤醒者、成长的引 路人，让孩子产生内驱力，培养好奇心、坚韧精神和合作精神，这些是任何技术都无法替代的。"从这 个标准来看，现在中国的中小学老师，坦率地说一大半是不合格的，因为很多老师在知识传递本身就有 缺陷，更不用说承担起陪伴者的角色了。" 责任编辑：栎树 "这也是我天天对新东方老师讲的，你们不能再只传授知识了，要跟学生一起共同获取知识，而且要获 取比自己知识宽度更宽、深度更深的知识，这才是现在当老师该做的事。"俞敏洪表示。 财经频道更多独家策划、专家专栏，免费查阅>> 俞敏洪认为，随着人工智能的升级，对中国中小学老师提出了更高要求，而这种更高要求其实更难达 到。他提到，中国有不少老师，学生问的问题回答不出来就会脸红脖子粗，把学生骂一顿，这种情况需 要改变。家长也在改变，原来家长会说"我不懂，你去问老师""我不懂，你去新东方上课"，这些都是错 误的回答。现在真正优秀的家长是"我不懂，我们一起用人工智能找找答案"，这才是正确的做法，因为 现在 ...

新浪科技讯 1月24日上午消息，在2026崇礼论坛上，新东方创始人俞敏洪表示，"互联网和人工智能对 人类进步的贡献都很大，但我一直觉得互联网还在人类可控范围之内，当然互联网也对人类产生了一些 影响，比如有些人通过互联网谋取政治资本或社会地位，有些做法比较极端，我一直想，如果没有互联 网，这三年我应该不至于被网暴这么严重，但有了互联网，不管是正面还是负面、全面还是片面的评 价，你都必须勇敢地暴露在网络面前。" 新浪科技讯 1月24日上午消息，在2026崇礼论坛上，新东方创始人俞敏洪表示，"互联网和人工智能对 人类进步的贡献都很大，但我一直觉得互联网还在人类可控范围之内，当然互联网也对人类产生了一些 影响，比如有些人通过互联网谋取政治资本或社会地位，有些做法比较极端，我一直想，如果没有互联 网，这三年我应该不至于被网暴这么严重，但有了互联网，不管是正面还是负面、全面还是片面的评 价，你都必须勇敢地暴露在网络面前。" 人工智能来了之后到底是为人类造福，还是最终会让人类部分失控、带来灾难？俞敏洪直言，"我自己 没有太多见解。比如人工智能会不会带来大批量失业？导致人们失去工作后没有成就感？人类会不会被 矮化？如果人工智 ...

Core Viewpoint - The founder of New Oriental, Yu Minhong, emphasizes the importance of leveraging artificial intelligence (AI) to improve rural education and is open to collaboration with young entrepreneurs and experts in the field [1][1]. Group 1: Rural Education - Yu Minhong expresses a desire to invest in rural education without seeking returns, aiming to provide services to every rural child at a low cost [1][1]. - He suggests the establishment of a dedicated discussion on how AI can assist rural primary and secondary education [1][1]. - New Oriental lacks the capacity to develop large AI models but can focus on specific verticals that benefit the public [1][1]. Group 2: E-commerce Exploration - In addition to education, New Oriental is exploring applications of AI in the e-commerce sector through its brand, Dongfang Zhenxuan [1][1]. - The company aims to enhance the value chain of Dongfang Zhenxuan by helping frontline farmers increase their income and control product quality using AI [1][1]. Group 3: AI in Elderly Care - Yu Minhong is also contemplating how AI can improve the quality of life for the elderly, although he has not reached any conclusions on this matter yet [1][1]. - He invites young individuals interested in rural education, AI for agriculture, and AI for elderly care to collaborate with him, highlighting the potential for resource sharing and mutual development [1][1].

新浪科技讯 1月24日上午消息，在2026崇礼论坛上，新东方创始人俞敏洪表示，"在互联网时代，新东 方每年能触达50万以上农村乡村地区的中小学生，给他们提供课程、学习和资源上的支持，到今天我们 还在做这件事。在人工智能时代，我最想解决的问题是，在完全不用老师的情况下，让中国乡村上亿的 中小学生，能够享受到因人工智能加持而达到城市教学水平的个性化教学和学习服务。" 新浪科技讯 1月24日上午消息，在2026崇礼论坛上，新东方创始人俞敏洪表示，"在互联网时代，新东 方每年能触达50万以上农村乡村地区的中小学生，给他们提供课程、学习和资源上的支持，到今天我们 还在做这件事。在人工智能时代，我最想解决的问题是，在完全不用老师的情况下，让中国乡村上亿的 中小学生，能够享受到因人工智能加持而达到城市教学水平的个性化教学和学习服务。" 俞敏洪直言，"坦率地说，我不确定人工智能能给新东方带来多大发展，也不知道能否让新东方的商业 模式焕然一新、更上一层楼，但如果人工智能与教育的结合能让中国乡村孩子的教学和学习水平与城市 拉齐或差距不大，那就是功德无量的事。" 他谈到，中国教育有两大不平等触目惊心。"一是发达城市教育与乡村、边缘 ...

Core Viewpoint - The recent establishment of the "Beijing New Oriental Retirement Club" has sparked significant discussion, with the club offering free online courses and low-cost offline experiences, indicating a strategic expansion into the senior demographic by New Oriental [1][2]. Group 1: Company Initiatives - The "Beijing New Oriental Retirement Club" is actively recruiting members and does not charge any membership fees, currently providing free online courses and offline experience classes priced at 19.9 yuan [1]. - The club plans to introduce more formal courses in the future, reflecting a commitment to expanding its educational offerings [1]. Group 2: Market Focus - New Oriental's recent focus on the senior demographic is part of its broader strategy within the New Oriental Cultural Tourism sector, which caters to all age groups [2]. - Annually, over 100,000 children participate in study tours and educational travel organized by New Oriental globally, showcasing the company's established presence in the educational travel market [2].

Market Overview - On January 23, U.S. stock indices closed mixed, with the Dow Jones Industrial Average down 0.58% at 49,098.71 points, the S&P 500 up 0.03% at 6,915.61 points, and the Nasdaq up 0.28% at 23,501.24 points. For the week, the Dow Jones fell 0.53%, the S&P 500 fell 0.35%, and the Nasdaq fell 0.06% [2] - European major indices also showed mixed results, with Germany's DAX up 0.18% at 24,900.71 points, France's CAC40 down 0.07% at 8,143.05 points, and the UK's FTSE 100 down 0.07% at 10,143.44 points. For the week, the DAX fell 1.57%, the CAC40 fell 1.4%, and the FTSE 100 fell 0.9% [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell 0.26%, with notable movements in popular Chinese stocks: Tencent Music rose over 4%, Yamafin Sports rose over 3%, and New Oriental rose over 2% [3] Intel Performance - Intel's stock plummeted over 17% following a disappointing earnings forecast, with a post-market decline exceeding 1%. The company reported a full-year revenue of $52.9 billion for 2025, unchanged from the previous year, and a fourth-quarter revenue of $13.7 billion, with a 9% year-over-year growth in data center and AI business [5] - CEO Pat Gelsinger expressed confidence in the role of CPUs in the AI era and highlighted the launch of products based on Intel's most advanced semiconductor process technology, Intel 18A. The company aims to enhance supply to meet strong customer demand [5] - Intel expects first-quarter 2026 revenue to be between $11.7 billion and $12.7 billion, with CFO David Zinsner noting that despite industry-wide supply shortages, the fourth-quarter revenue, gross margin, and earnings per share exceeded expectations [5] Gold Market - International gold prices reached a new high, with COMEX gold futures rising 1.42% to $4,983.10 per ounce, marking an 8.44% increase for the week. COMEX silver futures rose 7.15% to $103.26 per ounce, also reaching a historical peak with a weekly increase of 16.63% [7] - Analysts from Huaxi Securities noted that gold prices have been on a significant upward trend over the past three years, driven by expectations of U.S. Federal Reserve monetary policy, geopolitical conflicts, and concerns over U.S. dollar credit. Central banks' continued gold purchases provide strong support for gold prices [7] - Shenwan Hongyuan's analysis suggests that the upward trend in gold prices is likely to continue, with short-term focus on geopolitical events that could affect market sentiment [7] Oil Market - The main U.S. oil contract rose 3.23% to $61.28 per barrel, with a weekly increase of 3.27%. The Brent oil contract increased by 3.17% to $65.35 per barrel, with a weekly rise of 2.94% [8] - According to Xinda Futures, the core issue in oil price trends revolves around the divergence between OPEC+ policy and expectations from authoritative institutions. OPEC+ maintains an optimistic outlook, anticipating a tightening market in 2026, while the IEA warns of significant oversupply [8] - Demand concerns persist, with the IEA indicating weak demand from major economies and low consumer confidence, despite marginal benefits from China's economic growth. The first quarter is traditionally a low-demand season, leading to significant inventory pressure [9]

大摩闭门会-我们的 10 大全球主题预测，人工智能应用落 地与工作的未来，格陵兰相关关税敞口及影响，中日贸易 紧张局势评估，2026 年日本临时大选 摘要 数据中心电力需求激增，政策变化迅速，部分项目受阻，利好离网发电 解决方案企业，如燃料电池公司 Bloom。 人工智能冲击劳动力市场，技能重塑需求涌现，为提供相关教育培训的 公司带来投资机会。 未来能源及国防类股估值虽高，但主题逻辑稳固，尤其离网发电解决方 案因政治不确定性更具吸引力。 摩根士丹利调查显示，美国通过人工智能实现就业增长，与其他国家岗 位流失形成对比，各国就业影响将在 2026 年逐渐显现。 日本临时选举后，科技和国防股持续跑赢大盘，执政党联盟获胜预期是 主要因素，但需关注财务省干预汇市及改革联盟的影响。 日本财政赤字相对较低，公共债务占 GDP 比重可控，通胀温和，债券市 场基本面优于美国，市场担忧或过度。 中国人民银行中期管理人民币汇率，人民币升值或因美元走弱，通缩压 力下，不会优先选择人民币升值。 Q&A 《2026 年十大宏观预测》和《未来工作方式调查结果》报告的核心要点是什 么？ 《2026 年十大宏观预测》报告中，摩根士丹利研究团队 ...

Investment Rating - The report maintains a "Positive" outlook on the overseas pharmaceutical sector, highlighting significant developments and collaborations in the industry [1]. Core Insights - The collaboration between Insilico Medicine and Heng Tai Biologics to develop an innovative brain-penetrating NLRP3 inhibitor is a key highlight, with potential applications in treating central nervous system diseases [2][7]. - The approval of full circulation for Fuhong Hanlin's H shares is noted, which involves a significant number of shares and stakeholders [2][7]. - The report emphasizes the strong revenue growth projections for companies like MicroPort Robotics and King’s Ray Biotech, with expected revenue increases of approximately 110%-120% year-on-year for 2025 [6][10]. Summary by Sections 1. Overseas Pharmaceuticals - Insilico Medicine and Heng Tai Biologics have entered a partnership to develop ISM8969, a novel oral NLRP3 inhibitor, with a 50% global rights share and potential milestone payments exceeding HKD 500 million [2][7]. - Fuhong Hanlin's H shares have received approval for full circulation, involving 182,645,856 shares, which represents about 33.61% of the company's total issued shares [2][7]. 2. Company Performance Updates - MicroPort Robotics anticipates a revenue increase of 110%-120% for 2025, with adjusted net losses expected to narrow by over 50% [6][10]. - King’s Ray Biotech's joint venture, Legend Biotech, is projected to generate approximately USD 555 million in trade sales for the quarter ending December 31, 2025 [6][10]. 3. Recent Developments in Overseas Pharmaceutical Companies - GSK has reached an agreement to acquire RAPT Therapeutics for approximately USD 2.2 billion, focusing on a long-acting IgE monoclonal antibody currently in clinical trials [3][8]. - Corvus has reported positive results from a Phase I trial of its ITK inhibitor for moderate to severe atopic dermatitis, showing good safety and efficacy [3][9]. - Eli Lilly's FRα ADC has received breakthrough therapy designation from the FDA for treating platinum-resistant ovarian cancer [3][9]. 4. Recommendations - The report suggests monitoring innovative drug companies with active commercialization and business development opportunities, including companies like BeiGene, Innovent Biologics, and Fuhong Hanlin [13]. - It also highlights the importance of ongoing clinical progress in innovative pipelines for pharmaceutical companies transitioning towards innovation [13].