2 2026年A股迎来开门红 5日，A股高开高走迎来2026年开门红，创业板指领涨，沪指重回4000点上方，录得十二连阳。沪深两市成交额高达2.55万亿，较上一个交易日放量5011 亿。盘面上，脑机接口、商业航天等热点全面开花，全市场超4100只个股上涨，其中127只个股涨停。截至收盘，沪指涨1.38%，深成指涨2.24%，创业板 指涨2.85%。 今日财讯要览 1 育儿补贴申领正式开启！ 2026年度育儿补贴今天正式开始申领，凡是符合申领条件的婴幼儿，其申领人今天就可以通过"育儿补贴"小程序，还有婴幼儿户籍所在省份的政务服务平 台育儿补贴申领专区线上申领，也可以到户籍所在地的相关部门线下申请办理。 3 免税烟草制品交易管理平台正式上线 据国家烟草专卖局消息，免税烟草制品交易管理平台已于1月1日正式上线，各类相关企业应当通过平台进行免税烟草制品交易。 育儿补贴申领正式开启！ 2026年A股迎来开门红 免税烟草制品交易管理平台正式上线 2元人民币已绝版6年 周生生调价最高涨1500元 韩国四大财团掌门人齐聚北京 因美国封锁，委内瑞拉石油出口量几乎降至零 瑞士冻结马杜罗在瑞资产 丹麦首相表示美国无权吞并格陵兰岛 ...

（文章来源：第一财经） 据国家烟草专卖局消息，根据《境内免税市场烟草制品管理办法》（国家烟草专卖局公告2025年第1 号）要求，免税烟草制品交易管理平台已于2026年1月1日正式上线，各类相关企业应当通过平台进行免 税烟草制品交易。 ...

Group 1 - The State Council issued the revised "Three North" project overall plan, which aims to guide regions in promoting high-quality development through three major battles from 2021 to 2030 and further phases until 2050 [1] - The People's Bank of China reported that the average interest rate for new corporate loans in August was approximately 3.1%, a decrease from the previous month and down about 40 basis points year-on-year, indicating a historical low [1] - The total government debt in China is projected to reach 92.6 trillion yuan by the end of 2024, with a government debt ratio of 68.7%, which is considered reasonable and manageable [2] Group 2 - The People's Bank of China reported that the broad money supply (M2) reached 331.98 trillion yuan at the end of August, growing by 8.8% year-on-year, while the narrow money supply (M1) was 111.23 trillion yuan, up 6% [2] - The total social financing scale in China reached 433.66 trillion yuan by the end of August, with a year-on-year growth of 8.8% [2] - The China Securities Regulatory Commission revised the classification supervision regulations for futures companies to enhance compliance and risk management [3] Group 3 - The National Development and Reform Commission and the National Energy Administration issued guidelines for the construction of electricity spot markets, supporting the integration of renewable energy into the market [4] - The State Tobacco Monopoly Administration established management measures for the domestic duty-free tobacco market, requiring compliance with legal pricing regulations [5] - The International Monetary Fund warned Romania about the sustainability of its fiscal policy, predicting public debt could approach 70% of GDP by 2030 without further fiscal measures [7]

Core Points - The State Tobacco Monopoly Administration has established the "Management Measures for Tobacco Products in the Domestic Duty-Free Market," which will take effect on January 1, 2026, to strengthen the regulation of tobacco products in the domestic duty-free market [1][4][34] - The measures include unified management of the import and export of duty-free tobacco products, requiring wholesale and retail enterprises to only purchase and sell products listed in the product catalog [1][13][16] - A unified trading management platform will be established for duty-free tobacco products, and all related enterprises must conduct transactions through this platform [2][17] Summary by Sections General Principles - The measures aim to regulate business order, ensure national fiscal revenue, and protect consumer rights based on the Tobacco Monopoly Law and relevant regulations [7] - The measures apply to the supply of duty-free tobacco products to the domestic market, wholesale and retail operations, and the supervision of these activities [8] Business Management - The State Tobacco Monopoly Administration will manage the import and export of duty-free tobacco products through a state-run trade model [13] - Retail enterprises must submit order requests to wholesale enterprises, which will then procure from supply enterprises according to state regulations [13][14] - Annual sales and purchase plans will be issued to wholesale and retail enterprises, respectively, to control the volume of duty-free tobacco products [14][15] Traceability Management - Duty-free tobacco products must have specified markings and QR codes for traceability, ensuring compliance with quality and safety standards [22][23] - Supply and retail enterprises must perform QR code scanning during inventory and sales processes to maintain data integrity [24] Supervision and Inspection - Local tobacco monopoly authorities will collaborate with other departments to supervise and inspect the operations of duty-free tobacco products [25] - Violations by supply, wholesale, or retail enterprises can lead to penalties, including suspension of trading privileges based on the severity of the infractions [27][29][30] Additional Provisions - New tobacco products such as heated tobacco and e-cigarettes are prohibited from being sold in the domestic duty-free market [33] - The measures will supersede previous regulations and are aimed at creating a more regulated and transparent market environment for duty-free tobacco products [34]

Core Viewpoint - The National Tobacco Monopoly Administration has established regulations for the management of tax-free tobacco products in the domestic market, emphasizing strict compliance and oversight in the industry [1] Group 1: Regulatory Framework - Wholesale and retail enterprises are prohibited from purchasing or selling tax-free tobacco products not listed in the product catalog [1] - A unified trading management platform for tax-free tobacco products will be established by the State Council's tobacco monopoly administration [1] Group 2: Pricing and Market Conduct - Companies involved in the supply, wholesale, and retail of tax-free tobacco products must adhere to relevant laws and regulations regarding pricing to maintain market order [1] - Price collusion, price gouging, price fraud, predatory pricing, and failure to clearly mark prices are strictly prohibited [1] - Consumers and operators are encouraged to participate in price supervision [1] Group 3: Marketing Practices - Related enterprises are required to standardize marketing practices and are prohibited from misleading consumers through excessive packaging or confusing marketing tactics [1]

Core Viewpoint - The National Tobacco Monopoly Administration has announced the implementation of the "Management Measures for Tobacco Products in the Domestic Duty-Free Market" to strengthen the regulation of tobacco products in the domestic duty-free market [1] Group 1: Regulatory Framework - The new measures are designed to comply with the State Council's requirements for enhanced supervision of tobacco products in the domestic duty-free market [1] - The administration will manage the import and export of duty-free tobacco products uniformly under the state trading system [1] Group 2: Business Operations - Companies engaged in the retail of duty-free tobacco products must submit order requests to wholesale enterprises, which will then procure from suppliers [1] - The procurement and import/export of duty-free tobacco products must adhere to the national regulations governing state trading of tobacco goods [1]

Core Points - The National Tobacco Monopoly Administration has established the "Management Measures for Duty-Free Tobacco Products in Domestic Markets" [1] - Wholesale and retail enterprises are prohibited from purchasing or selling duty-free tobacco products not listed in the product catalog [1] - A unified trading management platform for duty-free tobacco products will be established by the State Council's tobacco monopoly administrative department [1] - All related enterprises must conduct transactions through this trading management platform [1] - Prices of duty-free tobacco products must comply with relevant laws and regulations, and practices such as price collusion, price gouging, and fraudulent pricing are strictly prohibited [1] - Consumers and operators are encouraged to participate in price supervision [1] - These measures will take effect on January 1, 2026 [1]

Core Viewpoint - The National Tobacco Administration has implemented a management approach for tobacco products in the domestic duty-free market to enhance regulatory oversight as per the State Council's directives [1] Group 1: Regulatory Framework - The National Tobacco Administration has established the "Management Measures for Tobacco Products in the Domestic Duty-Free Market" to ensure compliance with the State Council's requirements [1] - The State Council's tobacco monopoly administrative department will manage the import and export of duty-free tobacco products uniformly under state trading methods [1] Group 2: Business Operations - Retail enterprises engaged in duty-free tobacco product sales must submit order requests to wholesale enterprises, which will then procure from supply enterprises [1] - The procurement and import/export of duty-free tobacco products must adhere to the regulations governing state trading of tobacco goods [1]

Core Viewpoint - The National Tobacco Monopoly Administration has solicited opinions on the draft regulations for the management of tobacco products in the domestic duty-free market, aiming to strengthen supervision and ensure compliance with national laws and regulations [1]. Group 1: General Principles - The regulations are designed to implement the State Council's requirements for strengthening the supervision of the domestic duty-free tobacco market and to ensure the orderly operation of this market [2]. - The regulations apply to the supply of duty-free tobacco products in the domestic market, wholesale and retail operations, and the supervision of these activities [2]. - Duty-free tobacco products include cigarettes (excluding heated tobacco), cigars, and tobacco leaves supplied to designated retail locations for specific consumers [2]. Group 2: Management of Operations - The State Council's tobacco monopoly administration will manage the import and export of duty-free tobacco products under a unified national trade model [5]. - Retail enterprises must submit procurement requests to wholesale enterprises, which will then procure from supplying enterprises according to national regulations [6]. - Retail enterprises' annual procurement requests must not exceed the approved annual procurement plan [9]. Group 3: Compliance and Conditions - Enterprises involved in supplying duty-free tobacco products must meet specific conditions, including compliance with national laws and quality standards [10]. - Wholesale enterprises must be listed in the national trade enterprise directory and obtain an annual sales plan for duty-free tobacco products [11]. - Retail enterprises must have the necessary qualifications to operate duty-free goods and obtain an annual procurement plan [12]. Group 4: Traceability and Supervision - Duty-free tobacco products must be marked with a special logo and the phrase "for export only" [12]. - A QR code traceability system will be implemented to ensure the integrity of the supply chain and compliance with regulations [13]. - Local tobacco monopoly administrations will collaborate with other departments to supervise the operations of duty-free tobacco products and report any illegal activities [14]. Group 5: Violations and Penalties - Enterprises that violate the regulations may face penalties, including suspension of trading rights based on the severity of the violations [16][17]. - Retail enterprises that exceed procurement limits or sell products not listed in the approved catalog will face reductions in their future procurement plans [19]. - New tobacco products, such as heated tobacco and e-cigarettes, are prohibited from being sold in the domestic duty-free market [20].