Monetary Policy and Economic Measures - The central bank governor Pan Gongsheng stated that a moderately loose monetary policy will continue in 2026, with room for further cuts in reserve requirement ratios and interest rates to maintain ample liquidity [3] - The first batch of 936 billion yuan of ultra-long special government bonds has been allocated to support approximately 4,500 projects in various sectors, expected to drive total investment exceeding 460 billion yuan [4] - The People's Bank of China will conduct a 900 billion yuan MLF operation on January 23, net injecting 700 billion yuan into the market, marking the 11th consecutive month of increased operations [4] Consumer and Investment Trends - State-owned banks collectively announced the implementation of personal consumption loan interest subsidy policies, allowing some high-quality clients to enjoy effective interest rates in the "2%" range, lower than current housing loan rates [3] - Public funds have focused their fourth-quarter 2025 positions on core sectors such as electronics and power equipment, with Zhongji Xuchuang becoming the largest holding stock [3] Market Performance - The A-share market saw a slight increase, with the Shanghai Composite Index rising 0.14% to 4122.58 points, and the Shenzhen Component Index increasing by 0.5% [6] - The Hong Kong stock market also experienced minor fluctuations, with the Hang Seng Index rising 0.17% to 26629.96 points, and net inflows from southbound funds amounting to 5.166 billion HKD [6] Corporate Developments - Alibaba Group has decided to support its chip company "Pingtouge" for independent listing, with plans for restructuring to a mixed-ownership enterprise [7] - Xiaomi Group has initiated a stock repurchase plan of up to 2.5 billion HKD [9] - Nanjing Bank reported a net profit growth of 8.08% year-on-year for 2025 [9] Regulatory and Policy Updates - The State Administration for Market Regulation has issued a red card for the first time in the public utility sector, prohibiting a merger between two gas companies [10] - Nine departments jointly issued opinions to promote high-quality development in the pharmaceutical retail industry, encouraging mergers and acquisitions among retail pharmacies [10] Economic Indicators - The unemployment rate for urban labor aged 16-24 was reported at 16.5% in December 2025, while the rate for those aged 25-29 was 6.9% [5] - The National Bureau of Statistics reported a 28.1% year-on-year increase in sales revenue for the smart device manufacturing industry in 2025 [10]

工业生产较快增长，重点行业增势良好。规模以上工业增加值同比增长7.3%。从主要行业看，煤 炭开采和洗选业增加值同比增长10.8%，石油和天然气开采业增加值同比增长4.3%；电气机械和器材制 造业增加值同比增长26.3%，汽车制造业增加值同比增长20.2%。从产品产量看，代表新质生产力的3D 打印设备产量同比增长71.3%，民用无人机产量同比增长50.1%，工业机器人产量同比增长49.5%。 投资结构持续优化，工业投资增长较快。工业投资同比增长9.4%，其中，制造业投资同比增长 13.3%，工业技改投资同比增长6.1%。民间投资同比增长4.6%，其中，汽车制造业民间投资同比增长 21.1%，信息传输、软件和信息技术服务业民间投资同比增长21%，交通运输、仓储和邮政业民间投资 同比增长42.5%。 消费市场稳步扩大，线上消费活力提升。社会消费品零售总额11587.99亿元，同比增长6%。消费 品以旧换新成效明显，新能源汽车零售额同比增长30.6%，家用电器和音像器材类商品零售额同比增长 27.1%，其中能效等级为1级和2级的商品零售额同比增长57.3%。限额以上单位通过公共网络实现的零 售额同比增长22.9%，高 ...

（文/观察者网 张家栋 编辑/高莘） 1月22日的吉利创业四十周年大会上，吉利控股集团CEO安聪慧公布了吉利汽车未来发展的目标。 安聪慧表示，到2030年，吉利控股集团的全球年销量将突破650万辆，新能源车型的销量占比将达到 75%，海外市场销量占比将超过三分之一，全球营收将突破1万亿元。 在国际品牌阵营中，沃尔沃为"全球豪华品牌"；极星为"全球高性能豪华新能源品牌"；莲花为"兼具历 史传承与机制驾控的英国科技品牌"。 文中图片均来自观察者网 该目标标志着吉利汽车将在进一步深化全球化战略、推动智能化和电动化转型。同时，通过回顾2025年 吉利汽车在多个领域的成果，安聪慧还介绍了吉利汽车未来发展方向。 安聪慧表示，2025年，吉利在销量上实现了411.6万辆，同比增长26%，并成功完成与极氪智能科技的 合并，进一步推动了资源整合与技术创新。 在新能源汽车领域，吉利以400万辆的销量跻身全球前十，其中，新能源汽车销量229.3万辆，同比增长 58%，新能源渗透率56%。 与此同时，吉利也在核心技术上不断突破，推出了全球领先的"浩瀚超级电混"发动机、新一代"雷神AI 电混"动力系统以及神动金刚电池，标志着其在电动化 ...

在此次沟通会上，北汽股份董事长王昊、总裁陈更等核心管理团队围绕业绩增长逻辑、用户转型、产品 规划及成本质量管控等市场关切问题接受了中国证券报记者的采访，释放了清晰的发展信号。 业绩站稳增长台阶 结构优化凸显发展质量 近日，北京越野在其智能工厂举行媒体沟通会，披露了北汽股份及北京越野2025年核心经营业绩：北汽 股份全年销量达85万辆，北京越野作为核心增长引擎，年销量逾20万辆，旗下方盒子车型交付147499 辆，同比增长72%，硬派越野主力车型BJ40稳坐细分市场头把交椅。 构筑长期竞争壁垒 在汽车行业竞争白热化的背景下，北京越野的核心突破点在于向"用户型企业"的全方位转型。这一转型 并非口号，而是贯穿战略、组织、产品和生态的系统性变革，从高管到一线团队形成了共识。 "敬畏每一个真实的人，关注用户具体的生活，和他们建立长久的关系，而不是只做一锤子买卖。"王昊 将用户放在转型的核心位置，他个人通过视频号直接与用户沟通，"评论区就相当于车企的400热线"， 用户的吐槽、建议甚至事故反馈都能得到第一时间响应。这种直接互动模式积累了宝贵的品牌信任资 产，也成为产品迭代的重要源头。北京越野产品中心总经理徐峰介绍，旗下B ...

Core Viewpoint - The Chinese real estate market is undergoing significant changes in 2026, driven by government policies aimed at stabilizing housing prices and restoring consumer confidence in the face of declining market conditions [2][7]. Policy Measures - The government has introduced a series of unprecedented stimulus policies, including extending tax exemptions for home sales until the end of 2027 and reducing the down payment ratio for commercial properties from 50% to 30% [2][3]. - Local governments are also providing incentives, such as additional square meters for families with multiple children and subsidies to help with mortgage payments [3][5]. - The media's emphasis on housing as a major asset serves as a signal of the government's commitment to support the market [2]. Market Conditions - The real estate market is closely linked to overall consumer confidence, with the decline in housing values impacting spending in other sectors, such as luxury automobiles [5][7]. - National statistics indicate that new home prices in 70 major cities have been declining for 30 consecutive months, with second-hand home prices dropping for 31 months [8][10]. - The average price drop in first-tier cities has exceeded 35% from peak levels in 2021, with some areas experiencing declines of up to 40% [8]. Future Outlook - The expectation is that housing prices will continue to decline slowly, with a forecasted drop of 2-3% in 2026 for new homes nationwide [8][10]. - The market is expected to see a significant divide, where high-quality properties retain value while lower-quality properties face depreciation [10][11]. - The government is likely to continue implementing supportive policies, but the market dynamics have fundamentally shifted, requiring buyers to be more discerning [10][11].

此次合作是现代汽车在阿尔及利亚实现全国性、可持续布局的重要一步，严格遵循国际标准，尤其 强调售后服务体系建设。相关服务中心将确保100%原厂零配件供应，采用认证诊断设备，并对本地团 队进行系统培训，以提升客户体验与服务质量。 （原标题：现代汽车加速布局阿尔及利亚市场建立覆盖14省的经销网络） 阿尔及利亚《曙光报》1月19日报道，阿尔及利亚现代汽车独家代理商 Majestic Autos 宣布，与10 家专业独立经销商签署合作协议，以扩展现代（Hyundai）在阿尔及利亚的销售与服务网络，为品牌正 式进入本地市场做准备。首阶段合作覆盖14个省份，包括安纳巴、布利达、布迈德斯、瓦尔格拉、提济 乌祖等，后续还将逐步拓展至更多地区。 据悉，这批合作伙伴预计将于2026年第三季度正式投入运营，标志着现代汽车在阿尔及利亚市场发 展的新阶段。 ...

证券日报网讯1月22日，至信股份（603352）在互动平台回答投资者提问时表示，根据中长期发展目标 及战略，未来公司将在服务好现有客户的基础上，积极拓展优质新客户，逐步提升新能源车型产品的占 比；优化产品结构，大力开发汽车"轻量化"产品，扩大优势产品市场覆盖；利用高效率自动化设备实现 核心生产基地的产能扩张；在目前自动化生产的基础上，积极布局开发智能化生产场景，进一步提升运 营效率。 ...

Core Viewpoint - Dongfeng Motor Corporation (600006.SH) anticipates a net loss attributable to shareholders of 390 million to 480 million yuan for the year 2025, primarily due to intensified competition in the light commercial vehicle market and a decline in overall gross margin [1] Group 1: Performance Forecast - The company expects a net loss of 390 million to 480 million yuan for 2025 [1] - The main reasons for the performance change include increased competition in the light commercial vehicle market, leading to sales pressure and a decline in overall gross margin [1] Group 2: Strategic Adjustments - The company is in a critical transition period from traditional fuel to new energy vehicles, prompting a proactive adjustment in operational pace and marketing transformation [1] - Measures taken include reducing inventory, expanding retail, and increasing channel support [1] Group 3: Financial Management - The company has reassessed the recovery situation of certain receivables with extended collection periods and has supplemented the provision for credit impairment of receivables based on accounting prudence [1] Group 4: Future Initiatives - The company plans to increase investment in research and development in new energy and intelligent driving technologies, deepen channel construction and expansion, and build a customer-centric value marketing system to overcome short-term adverse impacts [1]

经营范围含法律、法规、国务院决定规定禁止的不得经营；法律、法规、国务院决定规定应当许可（审 批）的，经审批机关批准后凭许可（审批）文件经营;法律、法规、国务院决定规定无需许可（审批） 的，市场主体自主选择经营。（汽车销售；新能源汽车整车销售；二手车经纪；机动车鉴定评估；新能 源汽车电附件销售；汽车零配件零售；汽车装饰用品销售；充电桩销售；电动汽车充电基础设施运营； 轮胎销售；互联网销售（除销售需要许可的商品）；商务代理代办服务；会议及展览服务（出国办展须 经相关部门审批）；信息咨询服务（不含许可类信息咨询服务）。（除依法须经批准的项目外，凭营业 执照依法自主开展经营活动）） 企业名称开新到家（遵义）汽车销售有限公司法定代表人注册资本1000万人民币国标行业制造业>汽车 制造业>汽车整车制造地址贵州省遵义市播州区龙坑街道黔北国际汽车博览中心四期六号楼0-1-8号企业 类型有限责任公司（非自然人投资或控股的法人独资）营业期限2026-1-21至无固定期限登记机关遵义 市播州区市场监督管理局 来源：市场资讯 天眼查显示，近日，开新到家（遵义）汽车销售有限公司成立，法定代表人为，注册资本1000万人民 币，由贵州开新 ...

1月22日消息，吉利控股集团计划到2030年实现年销量650万辆，年销售额为1万亿元人民币。 1月22日消息，吉利控股集团计划到2030年实现年销量650万辆，年销售额为1万亿元人民币。 ...