Core Viewpoint - The Shanghai government is prioritizing the optimization of the business environment by launching the "Action Plan for Accelerating the Creation of a World-Class Business Environment in Shanghai (2026)" during the first working day of the new year, marking a shift from previous years' timing [1] Group 1: Business Environment Improvement - Shanghai has maintained 22 indicators of its business environment at a global best level, surpassing cities like Singapore, New York, London, and Hong Kong as of December 2025 [2] - The 2026 action plan introduces 26 measures across four major environments: government service, market competition, industrial ecology, and social governance, focusing on efficiency, fairness, adaptability, and collaboration [2][3] - The plan emphasizes the need for transparency in new business models and regulatory efficiency, addressing concerns from enterprises about going global and platform economy regulation [1][3] Group 2: Policy Implementation and Accessibility - The 2026 action plan aims to implement a "no application, direct enjoyment" policy for inclusive measures, allowing businesses to receive funds without the need for applications, thus reducing administrative burdens [6][7] - By the end of November 2025, 643 policy projects had achieved "no application, direct enjoyment," serving over 611 million instances for businesses [7] - The plan aims to enhance the efficiency of policy implementation, with nearly 90% of "direct enjoyment" projects ensuring rapid fund disbursement within 24 hours [8] Group 3: Fair Competition and Regulatory Measures - The action plan includes eight measures to promote fair competition, optimize regulatory checks, protect intellectual property, and combat malicious reporting practices [10][11] - It aims to strengthen oversight against monopolistic and unfair competition behaviors, enhance platform governance, and regulate malicious bidding practices [10][12] - The plan also addresses the need to clear overdue payments to businesses, with a focus on ensuring zero arrears from government entities [12] Group 4: Support for Internationalization and Data Management - The action plan emphasizes enhancing support for businesses going global, including establishing a comprehensive service platform for international operations and improving legal services for overseas investments [13][14] - Shanghai is implementing a negative list for data export security management, which will be expanded citywide in 2026, aiming to balance compliance costs with business development [15]

1月3日，小米集团创始人、董事长雷军在直播中坦言，2026年挑战肯定不会少，也不会容易。对于2026 年规划，雷军透露将聚焦在三点：第一是坚持技术研发，未来五年，小米汽车至少会投入2000亿元；第 二是加大对大模型的投入；第三是坚持为用户打造人车家全生态的体验，把产品做到极致。 此外，雷军还透露，2026年将会把更多精力放在小米汽车上，"小米汽车2026年全年交付目标55万辆"。 （文章来源：每日经济新闻） ...

数据简介 企业敏捷响应度是企业适应外部环境变化、迅速调整策略以抓住市场机遇和应对挑战的能力。这种能力在当今快 速变化的市场环境中尤为重要，因为它直接关系到企业的竞争力和可持续发展。 本数据参考C刊《经济管理》范合君（2024）老师的做法，现代企业特别是上市公司重大决策是由董事会讨论做 出的鉴于此，本文采用当期董事会会议次数测度企业敏捷响应度（测算结果为agility_1），次数越多，表明企业 对外界变化的响应速度越快。此外，本文还采用企业当期召开的股东大会会议次数作为敏捷响应度的替代变量进 行稳健性检验。（测算结果为agility_2） | Stkcd | id | ShortName | year | 董事会会议次数 | 股东大会会议次数 | Agility1 | | --- | --- | --- | --- | --- | --- | --- | | 企业代码 | 证券代码 | 企业简称 | 年份 | 董事会会议次数 | 股东大会召开次数 | 敏捷响应度, 等于董事会会议/ | | 000001 | 1 | 深发展A | 2010 | 13 | 3 | 13 | | 000001 | 1 | 深发展A ...

在过去的一年里，纳斯达克中国金龙指数全年累计上涨11.33%。多家明星中概股交出亮眼答卷。其 中，阿里巴巴累计上涨超75%、网易涨58.28%、百度涨近55%。另外，阿特斯太阳能涨113.76%、富途 控股涨105.29%、世纪互联涨78.48%、小鹏汽车涨71.66%。 贵金属方面，12月31日纽约尾盘，现货黄金跌0.53%，报4316.59美元/盎司。现货白银跌6.16%，报 71.5733美元/盎司。期货也以大跌收盘，COMEX黄金期货跌1.24%，COMEX白银期货跌8.91%报70.98 美元/盎司。 2025年全年表现上，国际金银均创1979年以来最大年度涨幅，现货黄金年内累计上涨超64.55%，现货 白银年内累计上涨147.95%。 12月31日，WTI 2月原油期货收跌0.53美元，跌幅0.91%，报57.42美元/桶，2025年累计下跌将近20%。 布伦特2月原油期货收跌0.48美元，跌幅0.78%，报60.85美元/桶，2025年累计下跌超18%，创2020年以 来最大年度跌幅，连续第三年走低——创历史上最长年度下跌。 2025年美股收官，从全年表现来看，经历4月的颠簸后，标普500指数录 ...

Core Insights - The event "The 13th Annual Gathering of Guizhou People" was held to discuss cooperation and development opportunities, with nearly 200 representatives from business associations and enterprises attending [1][2] - The theme of the event was "Integrating New Opportunities, Serving a New Future," focusing on building a modern industrial system in Guiyang and Guian [1] Group 1: Industrial Development - Guiyang and Guian aim to strengthen six major industrial clusters, including a 300 billion-level digital intelligence industry cluster and a 200 billion-level quality mineral processing industry cluster [1] - The plan includes developing 1 billion-level advanced equipment, new energy materials, and specialty light industry clusters, along with a 500 billion-level emerging and future industry cluster [1] Group 2: Service Industry Focus - The region will focus on both productive and life service industries, promoting sectors such as modern logistics, financial services, and cultural tourism [2] - A platform for showcasing and connecting businesses was established during the event, highlighting the commitment to high-quality development in the modern service industry [2]

Core Insights - The adjustment of Hong Kong Stock Connect (港股通) for the first batch of 2026 has been finalized, indicating a structural change in the Hong Kong stock market, with southbound funds playing a significant role in influencing stock liquidity and valuations [1] Group 1: Inclusion and Exclusion Criteria - The current inclusion threshold for Hong Kong Stock Connect has risen to 9.317 billion, while the exclusion threshold stands at 6.05 billion [2] - A total of 44 companies meet the inclusion criteria, while 24 companies face the risk of exclusion due to insufficient market capitalization [2][7] - Market capitalization and liquidity are the core indicators determining inclusion or exclusion [2] Group 2: Companies Meeting Inclusion Criteria - Among the 44 companies eligible for inclusion, the average market capitalization is 14.377 billion, with a median of 12.613 billion, indicating overall high quality [2] - The types of inclusion include 40 companies for standard inclusion, 2 for A+H inclusion, and 2 for dual-class share inclusion [2] Group 3: Companies Facing Exclusion Risk - The 24 companies at risk of exclusion have an average market capitalization of only 5.094 billion, all below the 6.05 billion threshold [7] - Notable companies facing exclusion include Youbao Online and Haotian International Construction [7] Group 4: Market Dynamics and Adjustment Mechanism - The adjustment of Hong Kong Stock Connect is based on a complex system that considers market capitalization, liquidity, and market structure [7] - The market capitalization threshold is dynamically adjusted based on the market capitalization distribution of the Hang Seng Composite Index [8] - The liquidity requirement is assessed through the trading volume turnover ratio, which varies based on the listing duration of the companies [10] Group 5: Adjustment Frequency and Fast Inclusion Mechanism - Adjustments to Hong Kong Stock Connect occur four times a year, with two major adjustments in March and September, and two minor adjustments in June and December [11] - New stocks can be included through a fast-track mechanism, with specific criteria for quarterly and special fast inclusion [12]

为深入贯彻党的二十届四中全会精神，落实中央关于"十五五"时期社会组织发展的规划建议，引导行业协会商会(以下简称"商协会")夯实合规根基、拥抱数 字变革，2025年12月30日，由全国工商联商会发展服务中心主办、北京知诚社会组织众扶发展促进会承办的"商协会合规管理数智赋能活动(2025)"在京举 行。活动汇聚政策部门、行业专家、标杆商协会及专业服务机构代表，共探商协会高质量发展路径。 本次活动以"赋能发展 规范先行"为核心主题，直面商协会在"后脱钩时代"提升内部治理与专业服务能力的迫切需求。主管部门相关负责同志在致辞中指 出，规范化是商协会行稳致远的"压舱石"，数智化是提质增效的"新引擎"，两者深度融合是迈向高质量发展的必然选择。 会上，"2026-合规管理数智赋能行动"正式启动。该行动旨在通过贯穿全年的主题式、阶段性赋能，系统推动合规要求与数智工具在商协会运营中的深度嵌 合。这标志着对商协会的赋能支持从分散式、活动化，转向了长期性、体系化的新阶段，为行业整体能力提升规划了清晰的实施路径。 活动注重理论与政策的深度引领。社会组织"十五五"规划专家围绕"'十五五'时期社会组织发展有关思考"作专题报告，权威解读了未 ...

Economic Performance - Hong Kong's GDP has recorded year-on-year growth for 11 consecutive quarters, with a notable increase of 3.8% in the third quarter, marking the best performance in over a year and a half [4] - The economic growth forecast for 2025 is set at 3.2%, slightly above earlier predictions, maintaining a growth trend for the third consecutive year [5] - The total financing amount from initial public offerings (IPOs) in Hong Kong reached 274.6 billion HKD, ranking first globally [5] Financial Market Activity - As of November, the total market capitalization of the securities market was approximately 48 trillion HKD, reflecting a year-on-year increase of 41% [5] - The average daily trading volume for the first 11 months of the year surged by 95% compared to the previous year, reaching 255.8 billion HKD [5] - Hong Kong has maintained its position as the fourth largest international shipping center for six consecutive years, receiving international recognition [5] Innovation and Technology Development - The Hong Kong-Shenzhen Innovation and Technology Cooperation Zone officially opened, positioning itself as a hub for innovation and technology development in the Greater Bay Area [2] - The establishment of the "Northern Metropolis Development Committee" aims to accelerate the development of the Northern Metropolis, which is expected to contribute at least 350 billion HKD to Hong Kong's GDP annually and create over 400,000 jobs [19] International Relations and Trade - Hong Kong continues to strengthen its role as a financial, trade, and shipping center, with significant international cooperation agreements being established, including 59 memorandums of understanding during trade missions [16] - The implementation of the "Yue Car South" policy facilitates smoother cross-border travel and trade between Hong Kong and mainland China, enhancing regional integration [16] Social and Community Development - The government has initiated various community support programs, including the establishment of "Care Teams" that have provided services to approximately 610,000 households in need [10] - The introduction of "simple public housing" projects aims to reduce waiting times for public housing to a record low of 5.1 years, addressing housing issues for residents [12] Cultural and Tourism Growth - Hong Kong's tourism sector has seen a resurgence, with approximately 45 million visitors recorded in the first 11 months, surpassing the total for the entire previous year [6] - The retail sector has shown signs of recovery, with total sales value increasing for six consecutive months, indicating a positive trend in consumer spending [6]

| | | 财经目历 E 17777 LSU P INT/D i TV I 217 t 60 日后 中国2025 加拿大央行 美联储公布 中国1月PMI 年规模以上 公布利率决 利率决议 工业企业利 议 润 第十九届亚洲金融论坛 (1/26-1/27) 编辑 | 高明妍 制图丨方舟 x | 2026年 月 January | | | | | | | | | | 重大事件 重要数据 重点公司 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | = | B | | 五 | | 六 日 | | | | 初十 | 29 | + | 30 | 十二 | 37 | 十三 | 1 | 十四 | 2 | 十五 3 | 十六 | 4 | | | | | | | | 我国调整部 | 分商品关税 港股上市 | 壁仍科技在 | | 2026年博鳌全球数字消 费大会(1/3-1/5) | | | | | | | | | | 税率税目 | | A股休市 | | | | | | | | | | | ...

人民财讯12月31日电，企查查APP显示，近日，深圳乐豹科技有限公司成立，经营范围包含：五金产品 零售；第一类医疗器械销售；第二类医疗器械销售；食品添加剂销售等。企查查股权穿透显示，该公司 由美团科技有限公司全资持股。 转自：证券时报 ...