春节期间，当大多数人还沉浸在阖家团圆的喜庆氛围中时，平凉工业园区（高新区）的不少企业却是一 片繁忙。机器轰鸣，工人忙碌，大家正以"开局即冲刺"的劲头，奏响新春的奋进曲。 走进华能平凉发电公司，生产车间灯火通明，发电机组平稳运转，大屏幕上数据实时跳动。运行人员穿 着工装，定时巡检设备、盯着燃煤储备、核对环保指标，每个环节都不敢马虎。 "越是过节，越要打起精神。"企业有关负责人表示，这个春节假期，华能平凉发电用稳定可靠的电力， 守护着万家灯火，也为园区企业生产和市区经济发展提供了坚实保障。 同样的忙碌场景，也出现在甘肃量维生物公司的生产车间。发酵罐里微生物正欢快工作，精制、干燥等 生产线全速运转，工人们分工有序，严把每道工序。 华能平凉 发电公司工作人员紧盯屏幕上的数据。本文图片均由新甘肃·甘肃日报通讯员 齐荣摄 新甘肃·甘肃日报记者 田丽媛 通讯员 齐荣 企业生产不停歇，园区服务也不打烊。春节前夕，平凉工业园区党工委、管委会提前部署，组织工作人 员进企业、查矛盾、解难题，送上新春祝福。走访中，他们详细询问生产计划、用工保障、安全生产等 情况，精准对接企业遇到的难点，积极帮助解决。企业负责人纷纷感慨："园区服务这 ...

【导读】通信设备板块表现强势，电力板块活跃，豫能控股直线拉涨停 中国基金报记者李智 一起来看下最新的市场情况及资讯。 2月26日开盘，A股主要指数涨跌不一，创业板指跌超1%，科创综指震荡调整。 从板块看，发电设备涨幅居前，通信设备、互联网、超硬材料等板块表现活跃，而房地产、保险、锂电 等板块跌幅居前。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 培育钻石 | 超硬材料 | 光通信 | 盐湖提望 | 光电路交换机(O | 发电设备 | 通信设备 | 化肥农药 | 互联网 | 灯康 | | 5.22% | 3.82% | 3.15% | 2.87% | 2.83% | 2.65% | 2.36% | 2.27% | 1.52% | 1.33% | | 电总板 2.73% | 特高压 2.51% | 米电 2.42% | 提矿 2.39% | 超导 2.17% | 钢铁 0.89% | 电力 0.90% | 造纸 0.86% | 电子元器件 0. ...

宏观专题 "双碳"政策有望提力加速 2026 年 02 月 25 日 【宏观观点】 2026 年，"双碳"政策有哪些抓手？ 从近期政策总结后续"双碳"政策的主要抓手，我们认为主要有三方 面：零碳工厂的全国推行、碳排放权市场的扩围、以及产品碳足迹因 子数据库的建设。 挖掘价值 投资成长 东方财富证券研究所 证券分析师：王笑笑 证书编号：S1160525020006 证券分析师：方诗超 证书编号：S1160525070005 相关研究 《地方两会系列（一）——经济增长目标》 2026.02.13 2026.02.02 《纵深推进全国统一大市场建设的方向、 举措、效果推演——挖掘经济潜能系列一》 2026.01.25 《2026 年经济会有开门红吗》 2026.01.05 《延续稳中有进发展态势——11 月经济 数据解读》 2025.12.30 宏 观 研 究 / 宏 观 专 题 / 证 券 研 究 报 告 《特&马"将相和"，马斯克链王者归来》 2026 年，"双碳"政策有何不同？ 二十届四中全会以来，"双碳"政策相关部署加速推出，助力"十五五" 冲刺实现碳达峰。我们认为，2026 年"双碳"政策主要可能有两方面 ...

在这场经济博弈的背后，隐藏着一层令人不寒而栗的政治绑架。特朗普于2月5日高调宣布全力支持高市早苗及其联盟，并在2月8日日本众议院选举前夕为 其加油。紧接着，自民党在选举中大获全胜。高市也不忘在2月9日第一时间通过推特感谢特朗普。这一系列行动被日本前外交官孙崎享看穿，认为政治互 动与投资协议紧密捆绑。日本实际上是在用这笔巨额投资，换取美国对高市政权的政治支持。特朗普更是毫不遮掩地在空军一号上对记者表示，高市将胜 选归功于他的支持。此举巧妙地将日本的政治利益与经济利益紧紧捆绑在一起——既然高市的胜选有特朗普的一份功劳，那么日本的经济支持也自然要听 特朗普的指挥。这种把盟国的内政与经济利益绑在一起的做法，彻底让日本在谈判桌上失去了底气。正如美国媒体所言，特朗普将这笔投资当做了给日本 的签约奖金，而日本则把它视为生存下去的战略妥协。 **四、无路可退的日式困境** 《金融时报》之所以能精准预言日本的困境，正是因为它洞悉了美 日关系的根本。日本政府对外宣称这是共赢，然而国内的企业界却在心底暗自发抖。像东芝、日立等老牌企业，一边不得不在发电和矿物项目中评估税收 回报，一边又要权衡两国间的微妙关系。孙崎享警告道，日本企业如 ...

日本股市全线反攻。 2月18日，在亚洲多个主要市场因假期休市的背景下，日本市场成为焦点，日本股市开盘后，各大指数 全线大涨，日经225指数狂飙超700点。有分析指出，日本新政府组建临近，叠加隔夜美股市场企稳，做 多资金重返日本股市。 与此同时，美国总统特朗普宣布，日本已正式且实际地推进其5500亿美元对美投资承诺下的首批项目， 三个"大项目"涉及得州油气战略、俄亥俄州发电和佐治亚州关键矿产领域。有评论指出，首批投资或将 为高市早苗3月19日访美并与特朗普会晤铺平道路。 日本股市大涨 2月18日，日本股市高开高走，截至发稿，日经225指数大涨超710点，涨幅达1.23%，强势站稳57000点 关口，终结此前的四连跌；日本东证指数大涨1.3%至3809.18点。 日股上涨带动亚太指数，MSCI太平洋指数上涨超1%，但交易量因多个地区市场休市而明显偏低。 据央视新闻最新报道，当地时间2月18日下午，日本国会众议院首相指名选举投票开始。当天上午，高 市早苗内阁集体辞职，日本国会众参两院将先后举行首相指名选举。 根据相关规定，在首相指名选举中，议员可以投出空白票。在第一轮投票中，得票过半者即可直接胜 出，如果没有候选人 ...

美东时间17日周二，美国总统特朗普宣布，在日本对美5500亿美元投资承诺下的首批项目启动。这标志 着，去年两国关税协议的核心内容开始落地，也标志着，特朗普政府以关税为筹码、推动海外对美关键 产业投资的贸易策略取得进展。 据特朗普在旗下社交媒体的帖子，上述5500亿美元投资的首批项目聚焦能源和关键矿产领域。他表示， 资金将投向俄亥俄州的燃气发电厂、佐治亚州的关键矿产项目，以及得州的液化天然气设施。这些项目 旨在推动美国工业基础振兴、能源主导地位以及减少对外国关键矿物的依赖。 评论认为，首批投资将为日本首相高市早苗3月19日访美并与特朗普会晤铺平道路。上述投资机制是去 年美日关税协议的交换条件。据新华社，特朗普2025年7月22日在社交媒体发文称，美国与日本达成贸 易协议，原定25%的对等关税税率下调至15%，日本将向美国投资5500亿美元并放开大米等农产品市 场。 日本与美国政府尚未具体说明项目的融资方式和参与企业。但根据协议框架，日本国际协力银行和日本 贸易保险预计将在项目融资中发挥主导作用，资金主要以贷款和贷款担保形式提供，直接现金投资仅占 1-2%。 特朗普称关税促成大规模投资 特朗普本周二在社交媒体发帖 ...

Core Viewpoint - The significant trade agreement between the United States and Japan has officially commenced, with Japan committing to a $550 billion investment plan in the U.S. aimed at revitalizing the American industrial base and creating hundreds of thousands of quality jobs [1] Group 1: Investment Projects - Three major projects have been announced in strategic sectors: a Texas oil and gas project, an Ohio power generation project, and a Georgia critical minerals project [1] - The Ohio gas power plant is set to become the largest power plant in history, while the liquefied natural gas facility in the Gulf of America will enhance U.S. energy dominance through increased exports [1] - The critical minerals facility aims to eliminate dependence on foreign resources, marking a significant shift in resource strategy [1] Group 2: Economic and Security Implications - The trade agreement is designed to strengthen national security and economic security with unprecedented measures [1] - The investment plan is expected to create numerous high-quality jobs in the U.S., contributing to the overall economic growth [1] - Tariffs are highlighted as a crucial factor enabling the realization of these large-scale projects [1]

美东时间17日周二，美国总统特朗普宣布，在日本对美5500亿美元投资承诺下的首批项目启动。这标志 着，去年两国关税协议的核心内容开始落地，也标志着，特朗普政府以关税为筹码、推动海外对美关键 产业投资的贸易策略取得进展。 据特朗普在旗下社交媒体的帖子，上述5500亿美元投资的首批项目聚焦能源和关键矿产领域。他表示， 资金将投向俄亥俄州的燃气发电厂、佐治亚州的关键矿产项目，以及得州的液化天然气设施。这些项目 旨在推动美国工业基础振兴、能源主导地位以及减少对外国关键矿物的依赖。 评论认为，首批投资将为日本首相高市早苗3月19日访美并与特朗普会晤铺平道路。上述投资机制是去 年美日关税协议的交换条件。据新华社，特朗普2025年7月22日在社交媒体发文称，美国与日本达成贸 易协议，原定25%的对等关税税率下调至15%，日本将向美国投资5500亿美元并放开大米等农产品市 场。 日本与美国政府尚未具体说明项目的融资方式和参与企业。但根据协议框架，日本国际协力银行和日本 贸易保险预计将在项目融资中发挥主导作用，资金主要以贷款和贷款担保形式提供，直接现金投资仅占 1-2%。 特朗普称关税促成大规模投资 特朗普本周二在社交媒体发帖 ...

Core Viewpoint - The Ministry of Ecology and Environment has issued a notification detailing the responsibilities and obligations of key emission units in the carbon emission trading market, which will include the power generation, steel, cement, and aluminum smelting industries by 2026, as part of China's dual carbon goals [1][2]. Group 1: Key Emission Units and Coverage - By 2026, the carbon market will include approximately 3,700 key emission units, covering around 8 billion tons of carbon emissions, which accounts for over 60% of the national carbon emissions [2]. - The eight key industries, including power generation, steel, construction materials, non-ferrous metals, petrochemicals, chemicals, paper, and aviation, contribute to about 75% of China's carbon dioxide emissions [2][5]. Group 2: Compliance Requirements - The four core industries (power generation, steel, cement, aluminum smelting) must complete a full compliance process, including listing, monthly verification, annual reporting, and quota management [2][4]. - The notification outlines specific deadlines for key emission units, such as the publication of the 2027 key emission unit list by October 31, 2026, and the submission of greenhouse gas emission reports by March 31, 2026 [3][4]. Group 3: Additional Industry Management - Industries like petrochemicals and chemicals are required to submit annual emission reports but are not yet involved in quota trading and compliance [5]. - Companies in these sectors with annual emissions of 26,000 tons of CO2 equivalent must participate in the annual reporting process, with the same reporting deadline of March 31, 2026 [5][6]. Group 4: Future Preparedness - Industries not yet included in the carbon market should focus on preparing for future compliance by enhancing their reporting and verification capabilities [6]. - It is recommended that these companies establish carbon asset management departments and develop carbon reduction plans to ensure readiness for future inclusion in the carbon market [6].

Core Viewpoint - The Ministry of Ecology and Environment of China has issued a notification regarding the management of the national carbon emission trading market for 2026, focusing on key emission units in the power generation, steel, cement, and aluminum smelting industries, with specific guidelines for data management, quota allocation, and compliance [1][19]. Group 1: Key Emission Unit Management - Provincial ecological environment departments are required to establish a list of key emission units for 2027, including those with annual direct emissions of 26,000 tons of CO2 equivalent [20][21]. - The list of key emission units must be published by October 31, 2026, through the national carbon market management platform and provincial websites [21][2]. Group 2: Data Quality Management - Provincial departments must implement data quality management for greenhouse gas emissions in the specified industries, following the technical specifications set by the Ministry [3][21]. - By December 31, 2026, a data quality control plan must be developed for the key emission units [4][21]. - Monthly carbon emission data must be stored electronically within 40 days after each month ends [5][22]. Group 3: Reporting and Verification - Key emission units must submit their 2025 greenhouse gas emission reports by March 31, 2026 [6][23]. - Technical audits of these reports must be completed by June 30, 2026, for the power generation sector, and by July 31, 2026, for the steel, cement, and aluminum sectors [7][23]. Group 4: Quota Allocation and Compliance - Quotas for carbon emissions will be pre-allocated to key emission units in the steel, cement, and aluminum sectors by April 10, 2026, and to the power generation sector by June 30, 2026 [8][25]. - By September 20, 2026, the final allocation of quotas based on verification results must be completed [9][26]. - Compliance with the quota must be fulfilled by December 31, 2026 [10][27]. Group 5: Management of Other Key Industries - Other industries such as petrochemicals, chemicals, construction materials, non-ferrous metals, paper, and civil aviation with emissions of 26,000 tons of CO2 equivalent must also report their emissions [11][28]. - Reports from these industries must be submitted by March 31, 2026, and verified by December 31, 2026 [12][28]. Group 6: Strengthening Implementation - Local ecological environment departments are urged to enhance their management capabilities and training related to carbon emission data quality and quota compliance [30][31]. - Strict enforcement of regulations regarding carbon market data quality and compliance is emphasized to prevent fraudulent activities [31].