智通财经APP获悉，香港联交所最新资料显示，1月14日，摩根士丹利增持龙蟠科技(02465)8.35万股， 每股作价13.2665港元，总金额约为110.78万港元。增持后最新持股数目为603.2万股，最新持股比例为 5.02%。 ...

岁序更替，华章日新。当2026年的晨光洒满神州，中国经济在高质量发展的航道上稳健前行。党的二十 届三中全会擘画的"积极发展普惠金融、数字金融、科技金融、绿色金融"蓝图，已成为金融行业服务实 体经济的行动纲领。 作为金融服务实体经济的践行者，平安融易锚定国家战略方向，以金融筑基、责任担当为理念，在普惠 金融沃土上深耕细作；在数字金融领域中高质量发展；在科技金融赛道上加速奔跑；在绿色金融浪潮中 勇立潮头，用坚实的实践成果、鲜活的服务案例，为"五篇大文章"写下了生动注脚，为中国式现代化注 入金融动能。 普惠金融：精准滴灌，润泽实体经济"毛细血管" 普惠金融是滋养小微企业、激活地方经济的"源头活水"。平安融易深刻理解"小微活则经济活"的要义内 涵，打破传统金融服务壁垒，将"省心、省时又省钱"的服务理念转化为看得见、摸得着的实际成效，让 金融活水精准滴灌至经济社会的下沉领域与关键环节。 在江苏，淮安的小微企业主赵女士从初创时十几万元授信起步，随着经营规模扩大与纳税增长，平安融 易依托AI技术动态评估信用，在销售旺季精准投放74.7万元融资支持，配套优惠利率与灵活还款政策， 让企业在发展关键期轻装上阵；在重庆，"忆八时火 ...

2026年1月15日，"金企工程—Visa促进文旅消费，小微企业金融赋能计划"公益项目总结座谈会在北京 成功举办。本次活动由中国金融教育发展基金会、Visa公司主办，广州金融发展服务中心承办，总结金 融赋能文旅商贸小微企业的可复制、可推广经验，旨在进一步提升中小微企业金融韧性，助推金融和文 旅深度融合，助力文旅行业民营经济高质量发展。 2025年，中国金融教育发展基金会实施"金企工程-Visa促进文旅消费，小微企业金融赋能计划"公益项 目。据介绍，公益项目自启动以来，始终紧扣金融赋能文旅行业高质量发展主线，以"线上+线下"形 式，围绕各地文旅发展特色，重点聚焦"文旅+外贸""文旅+商贸""文旅+AI""文旅+跨境电商"、跨境支付 及产业转型升级等细分领域，因地制宜开展十余场专题活动；针对小微企业核心需求，邀请行业专家开 展线上讲堂，解析金融支持政策与文旅发展机遇；通过专题培训与交流活动，助力企业掌握跨境支付优 化、汇率风险管理、AI数字化营销等关键技能，为文旅小微企业注入金融"活水"，进一步提振文旅消费 活力与入境游市场复苏，助推实体经济做大做优做强。 目前，项目覆盖北京、上海、广州、深圳、成都、重庆、西安、 ...

来源：21世纪经济报道 | | | | | Year over Year | | | --- | --- | --- | --- | --- | --- | | | | | | | Difference from | | | | Estimate | Projections | | WEO Proje | | | 2024 | 2025 | 2026 | 2027 | 2026 | | World Output | 3.3 | 3.3 | 3.3 | 3.2 | 0.2 | | Advanced Economies | 1.8 | 1.7 | 1.8 | 1.7 | 0.2 | | United States | 2.8 | 2.1 | 2.4 | 2.0 | 0.3 | | Euro Area 3/ | 0.9 | 1.4 | 1.3 | 1.4 | 0.1 | | Germany | -0.5 | 0.2 | 1.1 | 1.5 | 0.2 | | France | 1.1 | 0.8 | 1.0 | 1.2 | 0.1 | | Italv | 0.7 | 0.5 | 0.7 | 0.7 | -0.1 | ...

作者 分析师 瞿瑞 2026 年 1 月 19 日 关注东方金诚公众号 获取更多研究报告 债市整体回暖，长债收益率明显下行 ——利率债周报（2026.1.12-2026.1.18） 核心观点 1. 二级市场 上周债市整体回暖，长债收益率明显下行。全周看，10 年期国债期货 主力合约累计上涨 0.27%；上周五 10 年期国债收益率较前一周五下行 3.58bp，1 年期国债收益率较前一周五下行 4.63bp，期限利差继续走阔。 1 www.dfratings.com ·· ·· 时间 东方金诚 研究发展部 部门执行总监 冯琳 上周债市回暖，收益率曲线继续陡峭化。上周（1 月 12 日当周），由于 10 年期国债收益率已接近 1.90%左右点 位，配置盘加大进场力度，加之证监会批准限制融资杠 杆比例背景下，股市明显降温，以及央行宣布结构性降 息，债市总体偏强震荡，长债收益率继续下行。短债方 面，上周资金面季节性收紧，但在央行"呵护"下，周 五资金面恢复宽松，带动短债收益率下行，且幅度大于 长端，收益率曲线延续陡峭化。 预计本周（1 月 19 日当周）债市将偏弱震荡。尽管受投 资、消费动能减弱影响，本周一公布的 2 ...

年度资本市场标杆奖项揭晓 作为东道主，同花顺为资本与产业对话提供了绝佳舞台。同花顺副总经理朱志峰在致辞中表示，公司将 持续搭建高质量交流平台，助力资本市场生态健康发展。 本报记者 许洁 1月15日，"共同发声·价值发现"资本市场高质量创新发展交流会暨同花顺2025年度评选颁奖典礼在杭州 隆重举行。本次活动由同花顺及其旗下iFinD主办，平安期货、阿里云、高盈资管等机构鼎力支持。 盛会吸引了全国超400位上市公司高管、金融机构代表齐聚杭州，围绕经济前瞻、AI赋能、企业出海等 核心议题展开深度研讨，共绘"十五五"高质量发展新蓝图。会上，数百项年度资本市场大奖同步揭晓， 为金融生态建设与全国资本市场发展注入新动能。 搭台凝聚创新力量 活动的重头戏——同花顺2025年度资本市场评选结果揭晓。上市公司评选设立了"最受欢迎董秘""最具 人气上市公司"等七大奖项，综合公开投票、企业号数据、IR活动及市场热度等多维指标，表彰其在公 司治理与投资者关系领域的卓越实践。 金融机构评选则颁出600余项大奖，评选依托iFinD金融数据终端的海量数据与专业分析，结合专家意 见，力求客观公正。值得注意的是，本次评选积极响应"五篇大文章" ...

Group 1 - The event highlighted the transformation of Chinese enterprises over the past two decades, evolving from followers in the global supply chain to pioneers in emerging strategic industries [2] - The "going global" strategy of Chinese companies has shifted from mere product exports to a systematic approach involving business models, industrial capabilities, and supply chains [2] - Emphasis was placed on leveraging technological innovation as a driving force for high-quality development and global expansion [2] Group 2 - The era of general artificial intelligence is accelerating, fundamentally reshaping industry forms and business logic, with a projected 1000-fold increase in per capita token consumption in China by the end of 2025 [3] - The Chinese automotive industry is transitioning from electrification to intelligent competition, with breakthroughs in core technologies like autonomous driving being crucial for global leadership [3] - The integration of traditional industries with technological innovation showcases diverse paths for innovation among Chinese enterprises [3] Group 3 - The core value of Luzhou Laojiao lies in its 450-year-old microbial community, which is being enhanced through modern technology, including AI for process innovations [4] - The wealth management market in China is expected to grow significantly, with household assets projected to reach 440 trillion yuan by 2030, indicating a shift in investment strategies [4] - The future development path for Chinese enterprises is clear: leveraging technological breakthroughs for industrial upgrades, focusing on user value and quality management, and fostering a symbiotic relationship between cultural heritage and technological empowerment [4]

Core Insights - The first financial meteorological AI model "Entropy Machine" has been launched in China, developed by Fudan University and the National Meteorological Information Center, aimed at exploring the role of meteorological factors in financial asset pricing [1] Application Prospects - Listed companies in weather-sensitive industries can utilize the model to predict conditions for climate risk management and market value maintenance [1] - Financial institutions such as banks and insurance companies can apply the model for risk control in equity pledge business and explore innovative business models in climate investment and financing [1] - Investors can use the model as an auxiliary tool for quantitative investment [1] - The academic community can leverage the model's outputs to test and refine theories related to asset pricing [1]

推动老城区品质化发展，抓好明府城、老商埠、上新街等传统街区微改造、精提升，完善现代化基础设 施，提速新业态引进培育，让历史文化与时尚潮流无缝对接。 推动高新东区创新化发展，加快中科院济南科创城建设，高标准建设彩虹湖中央创新活力区，做强现代 服务业与先进制造业，打造"公园里的科技城市"。 推动国际医学（000516）中心融合化发展，做强医疗硅谷、精准医学产业园、国家健康医疗大数据中心 （北方）等载体平台，加快省肿瘤医院重离子中心、中核粒子山东精放装备产业基地等项目建设，构建 医教研产养一体的大健康生态。 开工建设起步区科技馆，加快航天大道隧道、黄河大道二期、黄河体育中心、综合医疗中心等基础设施 建设，推动黄岗路黄河隧道建成通车，不断提升区域承载力。高标准建好山东数字经济产业园、济南国 际招商产业园等载体平台，提速山东能源钙钛矿光伏电池等重点项目建设，推动山科人工智能和高端装 备产业园、国数科技金融创新中心等项目竣工投用。 抓实中新济南未来产业城规划建设，力争规划尽快获批，加快星泉汇、示范科技园等项目建设，发挥中 新绿色科技研究院等平台作用，精准招引一批新加坡企业，落地一批优质产业合作项目，着力构 建"3+X"未 ...

Report Industry Investment Rating No investment rating information is provided in the content. Core Viewpoints of the Report China's urban renewal has entered the stage of stock quality improvement and systematic urban renewal since 2020. Although positive results have been achieved in practice, there are still deep - seated problems. It is necessary to promote the transformation from extensive renovation to refined operation through multi - dimensional coordinated efforts [11]. Summary by Relevant Catalogs 1. Historical Evolution and Current Characteristics of China's Urban Renewal - **Three Historical Stages**: China's large - scale urban construction and renovation activities since reform and opening - up can be divided into three stages: the urban function reconstruction and incremental land development stage (1978 - 2007), the shantytown and dilapidated housing renovation stage (2008 - 2019), and the stock quality improvement and systematic urban renewal stage (since 2020). The current stage has the characteristics of more refined renovation models, deeper connotations, more diversified subjects, and more market - oriented financing models [12][13]. - **Four Current Characteristics**: - **From "Large - scale Demolition and Reconstruction" to "Retention, Renovation, and Demolition"**: The current stage controls large - scale demolition, construction increase, and relocation, encourages organic renewal based on retention, and respects historical and cultural heritage [2][15]. - **From "External Renewal" to "Comprehensive Improvement"**: It focuses on the improvement of urban functions and the enhancement of regional values, considering aspects such as industry, culture, and public services [2][16]. - **From "Government - led" to "Multi - governance by Government, Market, and Society"**: The government shifts to top - level design and supervision, market entities play a leading role in project implementation, and residents become active participants [3][17]. - **Diversification and Marketization of Financing Modes**: A multi - level financing system is being constructed, with fiscal funds changing from "direct investment" to "leveraging", and social capital shifting to long - term value investment [3][19]. 2. Main Content and Business Models of China's Current Urban Renewal - **Main Content Classification**: There are four main types: comprehensive residential area renovation and renewal, urban business form upgrading and renewal, urban facility improvement and function upgrading renewal, and ecological and historical and cultural protection and renewal [4][22]. - **Business Model Classification**: From the perspective of the initiator, it can be divided into government - led renewal, market - led renewal, and multi - cooperation renewal. In practice, projects may combine different business models according to various factors [4][22]. - **Details of Each Type**: - **Comprehensive Residential Area Renovation and Renewal**: It is mainly government - led with strong public welfare and increased resident participation. It focuses on the renovation of old urban communities and villages in the city, with financial funds as the main source of funds, and social capital can be involved in attractive projects. Many positive results have been achieved in practice [4][24][25]. - **Urban Business Form Upgrading and Renewal**: Driven by capital, it is mainly market - oriented development, covering the renewal of old blocks and old factories. It promotes consumption and industrial upgrading, and the capital sources are diverse [6][26]. - **Urban Facility Improvement and Function Upgrading Renewal**: It has strong basic and public welfare characteristics, is mainly government - led, and appropriately introduces social capital. It aims to improve the overall carrying capacity and functions of the city [6][29]. - **Ecological and Historical and Cultural Protection and Renewal**: It combines public welfare and business operations, is mainly government - led, and promotes multi - format development and protection. It aims to protect the ecological base and historical context of the city [7][32]. 3. Problems Faced by China's Urban Renewal and Relevant Suggestions - **Problems**: - **Lack of Sustainability and System in Renovation Planning**: There are problems in both vertical and horizontal planning, resulting in inefficiencies and a lack of regional characteristics [8][37][38]. - **Low Investment Return Rate and Complex Game with Property Owners**: Urban renewal projects have high upfront investment, long return periods, and limited returns. The complex property rights situation also reduces the enthusiasm of social capital [9][39]. - **Difficulty in Intrinsic Improvement**: Some projects remain at the surface level, and the effects of industrial upgrading and domestic demand stimulation are not fully realized [8][40]. - **Incomplete Legal and Policy Systems and Insufficient Regulatory Coordination**: There is a lack of systematic laws and regulations at the central and local levels, and multi - departmental supervision lacks coordination [9][41][42]. - **Suggestions**: - **Improve Top - level Design**: Use the compilation of the "15th Five - Year Plan" as an opportunity to build a sustainable urban renewal framework and establish a dynamic adjustment mechanism [10][43]. - **Innovate Investment and Financing Modes**: Increase policy support, innovate financing tools, simplify property rights transactions, and improve risk - sharing mechanisms to attract social capital [10][43]. - **Focus on Connotative Renewal**: Integrate urban renewal into the overall upgrading of the regional economy, society, and culture, and ensure policy, function, and service coordination [10][43]. - **Improve the Legal System and Strengthen Regulatory Coordination**: Promote the introduction of the "Urban Renewal Law", improve supporting regulations at the local level, and establish a cross - departmental joint meeting system [10][43].