要点： 北京市将全面实施"人工智能+"行动，建设国家人工智能应用中试基地 报告提出，大力发展高精尖产业。巩固壮大实体经济根基，推动集成电路重点项目扩产量产，高水平建设国际医药创新公园，全生态链推进绿色 先进能源、新能源汽车、机器人、商业航天等重点项目；加快建设全球数字经济标杆城市，全面实施"人工智能+"行动，建设国家人工智能应用中 试基地；推进未来产业先导区建设，培育6G、量子科技、生物制造等新增长点;推动传统产业提质升级，促进制造业数智化转型。 北京市将支持中关村科学城建设人工智能集聚区 报告提出，提升科技创新体系效能。深入实施基础研究领先和关键核心技术攻坚行动，建强国家实验室等战略科技力量，围绕脑机接口、高温超 导等领域建设一批新型研究创新平台，支持企业承担更多科技攻关任务。继续发挥中关村示范引领作用，推出新一批先行先试改革举措，加快打 造世界领先科技园区。深化"三城一区"联动发展，支持中关村科学城建设人工智能集聚区，推动怀柔科学城高端科学仪器装备产业发展，加速未 来科学城南口、马池口国重基地和科学小镇建设，支持创新型产业集群示范区更好承接三城研发成果。 （原标题：2026年北京GDP目标定了！政府工作报 ...

1月25日，北京市第十六届人民代表大会第四次会议开幕，北京市市长殷勇作政府工作报告。 报告提出，2026年经济社会发展主要预期目标包括地区生产总值增长5%左右。2025年北京市地区生产 总值5.2万亿元，同比增长5.4%，高于全国0.4个百分点。 要点速览 2026年预期目标包括地区生产总值增长5%左右 全面实施"人工智能+"行动 培育6G、量子科技、生物制造等新增长点 加大对教育、健康、养老、托育等服务消费政策支持，鼓励平台创新发展家政等服务业务 今年地区生产总值增长5%左右 报告表示，2025年全市地区生产总值5.2万亿元，同比增长5.4%，高于全国0.4个百分点。一般公共预算 收入增长4.8%，城镇调查失业率4.1%，居民人均可支配收入实际增长4.4%。居民消费价格总体平稳， 人均地区生产总值、全员劳动生产率和万元地区生产总值能耗、水耗、碳排放等多项指标，保持全国省 级地区最优水平。 报告提出，2026年经济社会发展主要预期目标是：地区生产总值增长5%左右，一般公共预算收入增长 4%左右，城镇调查失业率控制在5%以内，居民消费价格涨幅2%左右，居民收入增长和经济增长同步， 细颗粒物年均浓度控制在29微克 ...

报告提出，大力发展高精尖产业。巩固壮大实体经济根基，推动集成电路重点项目扩产量产，高水平建 设国际医药创新公园，全生态链推进绿色先进能源、新能源汽车、机器人、商业航天等重点项目；加快 建设全球数字经济标杆城市，全面实施"人工智能+"行动，建设国家人工智能应用中试基地；推进未来 产业先导区建设，培育6G、量子科技、生物制造等新增长点;推动传统产业提质升级，促进制造业数智 化转型。 北京商报讯（记者 程靓）1月25日上午，北京市第十六届人民代表大会第四次会议在北京会议中心开 幕。市长殷勇作政府工作报告。 ...

1月25日上午，北京市第十六届人民代表大会第四次会议在北京会议中心开幕。市长殷勇作政府工作报 告。报告提出，大力发展高精尖产业。巩固壮大实体经济根基，推动集成电路重点项目扩产量产，高水 平建设国际医药创新公园，全生态链推进绿色先进能源、新能源汽车、机器人、商业航天等重点项目； 加快建设全球数字经济标杆城市，全面实施"人工智能+"行动，建设国家人工智能应用中试基地；推进 未来产业先导区建设，培育6G、量子科技、生物制造等新增长点;推动传统产业提质升级，促进制造业 数智化转型。（北京日报） ...

来源：北京日报客户端 1月25日上午，北京市第十六届人民代表大会第四次会议在北京会议中心开幕。市长殷勇作政府工作报 告。 在回顾2025年工作时，报告提出，科技创新加快引领新质生产力发展，持续提升国际科技创新中心能 级，强化原创性引领性科技攻关，210项关键核心技术获得突破，北京连续9年稳居自然指数—科研城市 全球榜首，新增两院院士占全国近一半。加速发展高精尖产业，集成电路产业规模增长超20%，新能源 汽车年产量近70万辆，34款创新药械获批上市，国际医药创新公园新引入8家跨国药企，全市国家级高 新技术企业数量突破3万家。 ...

证券研究报告 | 2026年01月23日 2026年01月24日 策略周报 长线外资流入，短线外资流出——1 月第 3 周全球外资周观察 核心结论：①北向资金：最近一周可能小幅净流出，其中灵活型外资可能小 幅净流入。②港股：稳定型外资流入 184 亿港元，灵活型外资流出 167 亿港 元，港股通流入 49 亿港元。③亚太市场：外资本周流入日本，12 月外资流 出印度。④美欧市场：11 月资金流入欧洲，流入美国。 风险提示：部分资金数据为估算值，与真实情况或有出入；模型存在误设和 失效风险。 核心观点 策略研究·策略周报 | 证券分析师：吴信坤 | 证券分析师：余培仪 | | --- | --- | | 021-61761046 | | | wuxinkun@guosen.com.cn | yupeiyi@guosen.com.cn | | S0980525120001 | S0980526010001 | | 基础数据 | | | 中小板/月涨跌幅(%) | 8883.33/9.51 | | 创业板/月涨跌幅(%) | 3349.50/4.51 | | AH 股价差指数 | 119.63 | | A 股总/流 ...

Core Viewpoint - The Yunnan provincial government has issued 34 specific measures to support the high-quality development of the Yunnan Central New Area, aiming to enhance its development capabilities, deepen reform and innovation, and accelerate the construction of a modern city, thereby becoming a significant growth engine for the province's economy [1] Group 1: Enhancing Industrial Competitiveness - The policy focuses on accelerating the transformation and upgrading of traditional industries such as petrochemicals and metallurgy, promoting the extension of industrial chains towards deep processing and terminal manufacturing, and creating billion-level industrial clusters [2] - Key industries to be developed include semiconductor materials and equipment, new energy battery materials, non-ferrous and precious metal materials production, and green food processing [2] - The initiative also aims to cultivate strategic emerging industries such as low-altitude economy, biomanufacturing, and new materials, and establish public service platforms for pharmaceutical R&D outsourcing and contract processing outsourcing [2] Group 2: Deepening Reform and Innovation - The policy grants greater autonomy to the New Area, delegating provincial economic management powers according to the principle of "maximal delegation" [3] - It supports the establishment of innovation incubation demonstration bases and offshore innovation and entrepreneurship bases for overseas talents, with financial incentives for newly recognized national key laboratories and technology innovation centers [3] - The initiative encourages the relocation of national and provincial applied research institutions to the New Area and supports pilot projects for mixed-use land reform [3] Group 3: Enhancing Open Cooperation - The policy supports Kunming Changshui International Airport in conducting international transit pilot projects and the development of cross-border e-commerce and bonded logistics in the Kunming Comprehensive Bonded Zone [3] - It aims to strengthen direct export capabilities for foreign trade entities and establish a transaction settlement center for fruits and seafood in South Asia and Southeast Asia [3] - The initiative promotes collaboration with other national-level new areas to explore industrial planning alignment and resource integration [3] Group 4: Improving Urban Functionality and Quality - The policy encourages the composite utilization of urban above-ground and underground spaces, promotes park city construction, and accelerates urban renewal to address shortcomings in education, healthcare, and culture [4] Group 5: Strengthening Element Guarantee - The provincial government will allocate annual incentive funds for high-quality development, and the municipal government will provide financial support to the New Area [4] - Revenue from the transfer and leasing of state-owned land use rights will be fully retained for the New Area's development funding [4] - The policy includes financial support for key construction projects and aims to facilitate land acquisition and development processes [4]

默根特勒表示，这种以应用为导向的创新路径，也在世界经济论坛的相关项目中得到体现。在论坛认定 的"全球灯塔工厂"和"人工智能应用之星"项目名单中，有相当一部分是中国企业，反映出中国企业在先 进制造和人工智能应用方面的活跃度和成熟度。他认为，中国企业成功案例的共同特点在于，企业并非 简单引入新技术，而是围绕技术对组织结构、生产流程和决策方式进行系统性调整。 世界经济论坛2026年年会期间，世界经济论坛执行董事兼首席技术官斯特凡·默根特勒在接受本报记者 专访时表示，当前全球局势复杂多变、地缘政治不确定性上升，加强对话合作已成为各方共识。作为全 球第二大经济体，中国通过持续创新和开放合作，为全球经济稳定和长期增长提供重要支撑。 默根特勒表示，世界经济论坛致力于为各方搭建对话平台，推动各方加强合作、分享经验，共同应对全 球性挑战。今年年会期间，各国政府、企业和社会各界高度参与，反映出国际社会通过交流增进理解、 寻找合作空间的共同愿望。各方十分期待听到中国声音，"中国对于推动全球建设性对话至关重要"。 "中国在科技创新，尤其是在技术应用领域的发展速度非常快。"默根特勒说，在过去20多年中，他几乎 每年都会前往中国，见证了 ...

Core Insights - The Hong Kong IPO market continues its strong momentum from the previous year, with over 350 companies currently waiting to list as of early 2026 [1][3] - In the first three weeks of the new year, Hong Kong has completed 11 IPOs, raising approximately $4 billion [1] Group 1: IPO Market Dynamics - As of early 2026, the number of companies waiting to list has increased from 316 at the end of 2025 to over 350 within a few weeks [3] - The surge in IPO applications is ongoing, with 16 companies submitting applications to the Hong Kong Stock Exchange in the first seven working days of January 2026 [3] - The IPO pipeline includes leading companies from various sectors, including technology and traditional industries, with notable names such as Ruipai Pet Medical and Anker Innovations [5] Group 2: Geographic and Sectoral Trends - Companies from both first-tier and lower-tier cities in China are actively pursuing listings in Hong Kong, with three companies from Henan province advancing their IPO plans within a week [5] - The IPO market is characterized by a concentration of leading firms across emerging and traditional sectors, with over 70% of listed companies in 2025 coming from information technology, biomedicine, new energy, and high-end manufacturing [12] Group 3: Historical Performance and Future Projections - In 2025, Hong Kong regained its position as the top global IPO market, with 119 IPOs and a total fundraising amount of 2858 billion HKD, marking a 68% increase from 2024 [14] - Predictions for 2026 suggest that the IPO fundraising scale could exceed 300 billion HKD, with estimates ranging from 320 billion to 350 billion HKD and around 150 to 180 companies expected to successfully list [14][12] Group 4: Quality and Market Sentiment - The Hong Kong Stock Exchange emphasizes the importance of IPO quality, acknowledging that the recent surge in applications has led to some lower-quality submissions [16] - There is a growing trend of differentiation in the market, where larger projects and industry leaders are more likely to attract long-term funding, while smaller projects may face challenges based on market conditions and performance [16]

Core Viewpoint - The aging population is driving the "silver economy," which is becoming a new engine for consumption and high-quality economic development. Zhangjiagang City is implementing a comprehensive strategy to enhance the shopping experience for the elderly, ensuring they have access to suitable products and services while feeling secure in their purchases [1]. Group 1: Upgrading Consumption Venues - Zhangjiagang's market regulatory department has initiated the upgrade of offline consumption venues, establishing dedicated areas for elderly consumers in supermarkets, pharmacies, and community canteens to enhance product visibility and quality assurance [2]. - The newly established silver consumption zones feature a range of products tailored for the elderly, including adaptive clothing, mobility aids, and nutritional foods, with strict adherence to quality and service standards [2]. - Pharmacies have introduced medication guidance areas where pharmacists provide personalized consultations, ensuring safe medication use for the elderly [2]. Group 2: Service Innovation - The introduction of the "Silver Consumption Experience Officer" program allows elderly volunteers to monitor and provide feedback on service quality, pushing businesses to improve their offerings [3]. - A set of service standards and operational guidelines for silver consumption scenarios has been developed to encourage proactive service adaptation by businesses [3]. - Educational initiatives, such as the "Smart Assistance for the Elderly" program, aim to bridge the digital divide by teaching elderly consumers how to shop and pay using smartphones, thereby enhancing their shopping experience [3]. Group 3: Regulatory Oversight - Zhangjiagang's market regulatory authority has intensified enforcement efforts to create a safe consumption environment for the elderly, including the establishment of a dedicated green channel for consumer rights protection [5]. - The average resolution time for consumer disputes has been reduced to within three working days, improving the efficiency of conflict resolution [5]. - Ongoing efforts to combat fraud in the elderly market have included five special operations this year, resulting in the investigation of two cases related to counterfeit and misleading advertising [5].