国务院常务会议对银发经济和养老服务发展作出相关部署，要求进一步释放银发消费需求，发挥消费补 贴等政策牵引作用，打造一批银发消费新场景新业态 文｜《财经》记者 邹碧颖 编辑 | 王延春 2月24日，国务院常务会议召开，对银发经济与养老服务发展相关工作作出部署。会议指出，中国银发 经济具备巨大发展潜力，需完善支持举措、强化政策落地，推动养老事业与养老产业协同发展，为应对 人口老龄化筑牢支撑。同时明确要求，进一步释放银发消费需求、提升老年群体消费能力，发挥消费补 贴等政策牵引作用，打造一批银发消费新场景、新业态。 中国正面临深刻的人口老龄化挑战。国家统计局最新数据显示，截至2025年底，全国60岁及以上人口约 3.2亿人，占全国总人口的23%；其中65岁及以上人口约2.24亿人，占比达15.9%。当前我国仍处于中度 老龄化社会阶段，而据预测，到2035年左右，全国60岁及以上老年人口将突破4亿人，占总人口比重超 30%，正式进入重度老龄化阶段。 4亿老年人口的规模，约等于美国与意大利的人口总和。另据《中国统计年鉴2025》数据，2024年中国 老年人抚养比达22.8%，即约4名劳动人口需抚养1名老年人，且该比例呈持 ...

Core Viewpoint - The medical device sector is experiencing a rebound, driven by policy support, technological advancements, and a shift towards domestic innovation and global competition [1][4]. Group 1: Medical Device Sector Performance - On February 25, the medical device sector saw a rebound with the medical device index ETF (159898) rising by 0.90%, following a net subscription of 1.67 million yuan the previous trading day [1]. - Key stocks such as Aidi Te, Zhend Medical, and Lepu Medical saw significant gains, with Aidi Te rising over 5% and others like Hualan Biological and Yuyue Medical also showing strong performance [1]. Group 2: Brain-Computer Interface Developments - The brain-computer interface (BCI) sector is accelerating, with significant policy backing and capital investment. A semi-invasive BCI company, Borui Kang, is preparing for a listing on the Sci-Tech Innovation Board [4]. - The global BCI market is projected to grow from approximately $2.62 billion in 2024 to $12.4 billion by 2034, with a compound annual growth rate (CAGR) of 17.35% [4]. - In China, the BCI market is expected to reach 3.2 billion yuan in 2024 and grow to 6.14 billion yuan by 2028 [4]. Group 3: Export Resilience and Growth - China's medical device exports demonstrated strong resilience, with a total export value of $45.542 billion in the first 11 months of 2025, marking a year-on-year increase of 3.82% [5]. - The export structure is evolving, with significant growth in high-end products such as hospital diagnostic and treatment equipment, which increased by 8.36% [5]. Group 4: Domestic Market and Innovation - The implementation of the fifth batch of national high-value medical consumables procurement has significantly reduced prices, such as the cost of cochlear implants dropping from over 200,000 yuan to around 50,000 yuan [7]. - The domestic medical device market is projected to reach 1,017.4 billion yuan by 2026, with a CAGR of approximately 5.9% to 6.6% from 2020 to 2035, driven by aging population, equipment upgrades, and technological innovation [7]. - In 2025, a total of 3,402 medical device products were approved, including 76 innovative devices, maintaining a high approval rate for three consecutive years [7]. Group 5: ETF Performance - The medical device index ETF (159898) tracks the CSI All Medical Device Index, focusing on the medical equipment, consumables, and in vitro diagnostics sectors, with a notable exposure to the BCI concept at 23.79% [9]. - Since its inception, the ETF has achieved a total return of 1,015.07%, with an annualized return of 12.52% and a one-year annualized return of 20.86% [9]. - The revenue and net profit of the ETF's constituent stocks have shown a year-on-year recovery, indicating a gradual improvement in the industry's fundamentals [9].

本文转自【新民晚报】； 2月20日下午，上海游客朱女士带着孩子在射阳安徒生童话乐园游玩时，孩子佩戴的价值高达30余万元的人工耳蜗不慎丢失。记者了解到，经过景区全员 连夜寻找，最终找到了耳蜗。 "这副小小的耳蜗，共60多万，丢掉的一个就价值30多万元。"当天下午4点50分左右，发现11岁儿子右耳的人工耳蜗丢失后，朱女士一家心急如焚，立刻 向景区求助。景区立即启动失物找寻预案，进行"地毯式"搜寻，组织员工调阅视频监控，查看游客游玩全程动线，排查沿线游乐设施、休息区域等重点点 位。 新民晚报综合现代快报、射阳发布、网友评论 可由于当时天色已晚，视线受阻，加上园区面积大、设施多，春节期间客流大，搜寻难度极高。"这个耳蜗是黑色的，只有4厘米左右大小，非常难 找。"射阳安徒生童话乐园安全保障部负责人杨宏伟告诉记者，到了晚上7点半，闭园时间的到来，正常游客已经离场，景区发动保安、保洁、场所工作人 员等30多人，在夜色中打着手电筒，一寸一寸地仔细翻找。 杨宏伟从朱女士的口中得知，人工耳蜗有吸铁的功能，于是他在寻找时便多留了个心眼，"凌晨2点多时，我在一个铁索桥上挨个找，终于在一个木墩下面 的螺丝上发现了人工耳蜗，它就吸在下面 ...

技术端：仍需突破高精度信号采集与解码 在技术层面，脑机接口目前处于多路径并行探索阶段，整体关注度持续升温。上海交通大学计算机学院 通用人工智能研究所BCMI实验室副教授郑伟龙表示，从技术路线看，当前脑机接口主要分为侵入式、 半侵入式和非侵入式三大类，不同路径在信号质量、安全性与可推广性等方面各有侧重。 其中，侵入式脑机接口需要通过外科手术方式将电极植入大脑内部，记录神经元放电信号，再对信号进 行解析，用于运动控制、感知反馈等应用。这一技术路径当前仍有几方面核心问题亟须突破。比如，如 何实现长期、稳定、高质量的信号采集；如何解决电极材料的生物相容性等。 非侵入式脑机接口则通过声、光、电、磁等方式，在不破坏颅骨和脑组织的前提下获取大脑活动信号。 这一技术路径的优势在于成本相对较低、风险小、社会接受度高，更容易面向大众推广。但其技术难点 同样突出：由于信号需要穿过头皮、颅骨等多层组织，脑信号在传输过程中会显著衰减，信号解析难度 上升。 曾经，用思维控制机器、用意念进行交流，还只是科幻电影中的想象；如今，脑机接口技术作为连接大 脑与外部世界的桥梁，正加速将这一想象加速带入现实。它不仅为医疗康复带来新突破，也可能在未来 ...

中国青年报客户端讯（中青报·中青网记者邢婷）在山东，6700余名听障孩子因免费植入人工耳蜗改变 命运，2025年残疾人补贴惠及近200万人次，1970余处"如康家园"便于就近就便为残疾人做好服务……1 月27日下午，2026山东两会政协委员集中采访环节，山东省政协委员、山东省残联副理事长张文涛列举 了一个个翔实数据，详述了近年来全省残疾人事业的发展。 恰逢2013年，山东省在全国率先实施了0-6岁残疾儿童免费抢救性康复工程，他有幸成为第一批免费接 受手术的孩子，还及时跟进了语言训练。如今，这名男孩已和普通孩子一样学习生活，并且上了初中， 还时常站到学校的演讲台上。 张文涛始终难忘十多年前，一名男婴刚出生就被诊断出重度听力损失，阴影瞬间笼罩了全家，后来得知 植入人工耳蜗能挽救孩子，但因高昂费用让全家陷入绝望。 一个多月前，在全国第十二届残运会上，山东省360余名残疾人运动员奋勇拼搏，一举夺得夏季项目金 牌数、奖牌数全国第三名的历史最好成绩，山东省委、省政府专门发电祝贺。 "他们是在用坚韧与顽强，向社会传递着自强不息的正能量。事实证明，只要积极帮助残疾人消除障 碍、创造机会，他们同样可以成就精彩人生！"张文涛说。 ...

Industry Overview - The 2026 Brain-Computer Interface (BCI) Developer Conference will be held on February 3-4, 2026, in Tianjin, focusing on "technology open-source, ecological co-construction, and industrial landing" to promote the commercialization of BCI technology from laboratories to clinical and consumer applications [1] - The BCI industry is accelerating its transition from laboratory research to clinical and consumer applications, with policies supporting its development, including its inclusion in the "14th Five-Year Plan" and the establishment of independent billing items by the National Medical Insurance Administration by 2025 [1] - The global market for medical applications in the BCI sector is projected to reach $40 billion by 2030 and grow to $145 billion by 2040, according to McKinsey [1] Company Developments - Xiangyu Medical has made significant progress in BCI, establishing a comprehensive product matrix and five brain science laboratories, with two EEG machines expected to receive registration certificates by June 2025 [1] - Meihua Medical's cochlear implant business is a key application of BCI and represents one of the most successful technologies in clinical applications, with the company collaborating closely with downstream BCI clients to facilitate efficient commercialization from laboratory development to mass production [2]

Core Viewpoint - The inclusion of cochlear implants in the medical insurance reimbursement scope is expected to significantly benefit the company’s cochlear implant business and the overall market demand in China [2] Group 1: Company Performance - On January 26, 2026, the company’s stock closed at 32.18 yuan, down 5.46%, with a turnover rate of 4.83%, a trading volume of 180,300 shares, and a transaction amount of 596 million yuan [1] Group 2: Market and Business Impact - The incidence rate of congenital deafness in newborns is approximately 2‰-3‰, indicating a substantial market potential for cochlear implants in China, which currently has a low market penetration rate [2] - The policy change to include cochlear implants in medical insurance will alleviate the financial burden on families with hearing-impaired children, effectively releasing actual market demand in China [2] - The company is actively pursuing a global expansion strategy, particularly in Europe, to enhance local service capabilities and improve supply chain resilience [2]

在这里，一盒盒整齐排列的人工耳蜗正等待着它们在中国的"数字身份证"。工作人员手持扫码枪， 随着"滴滴"声响，博鳌乐城药械追溯码和象征"免税"身份的标识被精准地贴在包装盒上。每个二维码都 承载着产品从海外出厂到患者使用的全链条信息，是监管的"眼睛"，也是流通的"绿灯"。 去年12月以来，博鳌医药公用型保税仓入库货值超1.5亿元，同比增长约50% 乐城：超550种特许药械加速惠及患者 海南日报全媒体记者 陈子仪 "动作快些，这批人工耳蜗是医疗机构下午手术急需的，必须赶在中午前完成入库！"1月17日，博 鳌医药公用型保税仓（以下简称乐城保税仓），该保税仓业务负责人彭思楠的催促声短促有力。 话音未落，几名身穿制服的工作人员推着平板车疾步上前。货车厢门缓缓打开，一箱箱贴着外文标 签的人工耳蜗被小心翼翼卸下，迅速流转到拆箱区。 "咔嚓"一声，纸箱封条被利落地剪开，工作人员将盒内严密包裹的人工耳蜗取出，核对型号、批 文，动作行云流水。紧接着，器械被送至赋码区。 "这个批次的货从申报到入仓，不到半天。"彭思楠随手拿起一盒刚贴好标的药械，指着上面的二维 码说，"过去，这样的进口药械从海外到患者手中，至少要一两周。"如今，时间被 ...

Core Viewpoint - The brain-computer interface (BCI) sector in the A-share market has shown significant activity at the beginning of 2026, with a cumulative increase of 18.04% in the BCI theme index as of January 16, 2026, indicating a strong interest and potential for commercialization in this emerging industry [2][4]. Industry Overview - The BCI industry is projected to reach a market size of trillions, transitioning from laboratory research to commercial applications, driven by advancements in technology and supportive government policies [3]. - The Ministry of Industry and Information Technology and other departments have emphasized the importance of BCI in their strategic plans, including its inclusion in the "14th Five-Year Plan" for future industrial development [3]. Market Performance - As of January 16, 2026, the total market capitalization of 26 listed companies in the BCI sector has increased by approximately 108.7 billion yuan over ten trading days [8]. - Notable companies like Innovation Medical and Meihua Medical have experienced significant stock price fluctuations, reflecting the volatile nature of the market and investor sentiment towards BCI technologies [5][7]. Company Developments - Innovation Medical's subsidiary, Boling Brain Machine Technology, has launched products aimed at rehabilitation for stroke patients, although it reported operating losses of 6.6 million yuan and 8.66 million yuan in 2023 and 2024, respectively [6]. - Meihua Medical, a leader in cochlear implants, is actively collaborating with BCI clients to facilitate the transition from laboratory research to commercial production, highlighting the interconnectedness of BCI and existing medical technologies [7]. Strategic Collaborations - Companies like Yahui Long and Shenzhen Brain Machine Star Chain Technology have entered strategic partnerships to develop BCI-related products, aiming to enhance diagnostic and treatment capabilities in central nervous system diseases [9]. - Aipeng Medical is also expanding its business into BCI applications, focusing on pain management and sleep disorders, indicating a broader trend of diversification within the medical device sector [9]. Technical Insights - The core technological barriers in the BCI industry are concentrated in the upstream supply chain, including hardware components and surgical techniques, with significant potential for growth in domestic market penetration and localization [10].

Core Insights - The Ministry of Civil Affairs and seven other departments have jointly issued measures to promote the development of the silver economy and support the cultivation of elderly care service operators [1] Group 1: Key Measures - The measures propose 14 specific initiatives across five areas, emphasizing the integration of technology in elderly care services, including the use of big data, artificial intelligence, and Beidou technology for health monitoring and personalized services [1] - There is a strong encouragement for the development of elderly care robots and support for companies developing smart devices to pilot their applications in elderly care institutions [1] - The focus is on transforming the elderly care service system from a "traditional care model" to a "smart quality enhancement model," driven by technological innovation and supply optimization [1] Group 2: Industry Development Focus - The Ministry of Industry and Information Technology aims to enhance the quality of elderly products and promote the widespread application of smart health and elderly care services, focusing on increasing variety, improving quality, strengthening technology, and enforcing standards [2] - Key areas for technological support include the development of humanoid robots, health monitoring devices, and rehabilitation aids for large-scale application in homes, communities, and elderly care institutions [2] - The measures also include building a supply-demand matching platform to address barriers in the silver consumption market, enhancing the shopping experience for the elderly [2]