项目是产业发展的关键支撑、增量之源。今年，钱塘要加快项目投产速度，推动和兴碳纤维等5个 重点项目快投产、快见效，力争新增产值25亿元以上。此外，钱塘要实施项目攻坚行动，前瞻布局谋项 目，全年谋划集群"千项万亿"项目20个以上；精准发力落项目，力争全年落地亿元以上项目50个以上， 新增裂变项目100个以上；提速增效推项目。用好项目全流程审批服务机制，加快建设进度，确保投资 超200亿元、增速8%。 接下来，钱塘将始终牢记总书记"加快建设先进制造业基地"殷殷嘱托，坚定扛起产业大平台责任担 当，加快建设产业规模高地、工业投资高地、工业空间高地、项目引育高地，全力当好"296X"先进制 造业集群建设排头兵。 钱塘区"新春第一会"不仅是一场签约会，更是一次项目建设动员会。今年是钱塘区规上工业总产值 突破4000亿元、制造业投资连续4年保持全市第一后，产业向更高能级跃升的关键之年。会议明确，要 一体推进省"415X"产业集群、市"296X"先进制造业集群及钱塘"515"特色产业集群建设，力争实现制造 业投资230亿元，继续保持全市第一。 2月26日，钱塘区召开"新春第一会"，8个重大项目现场集中签约，总投资250亿元，释 ...

春江水暖鸭先知。2025年，资本市场投行业务在经历蛰伏后迎来全面回暖，A股募资规模突破万亿元， 同比增长超270%，行业规模与结构同步优化。头部券商优势稳固，市场资源向优质机构集中，竞争格 局日趋清晰。 业内人士认为，近年来，监管层深化注册制改革、坚持"扶优限劣"，引导投行聚焦科技创新，服务实体 经济。2026年开年，投行业务开局稳健，硬科技、并购重组、绿色金融等成为核心增长点，行业正加速 向专业化驱动转型，在政策与市场双重支撑下迈向高质量发展新阶段。 ● 本报记者 赵中昊 谭丁豪 复苏春潮：投行业务规模与结构双提升 经历2024年的调整蓄力，2025年券商投行业务全面复苏，规模与结构实现质的提升。数据显示，2025年 A股股权融资规模突破万亿元，同比增长超270%，行业复苏态势显著。市场集中度进一步向头部聚拢 ——股权承销金额前五的中信证券（600030）、国泰海通（601211）、中金公司（601995）、中银证券 （601696）和中信建投（601066），合计占据超74%的市场份额，形成稳固的第一梯队。 具体来看，行业龙头效应凸显。中信证券以2467.04亿元的总承销金额稳居榜首；2025年完成合并的 ...

推动"十五五"初步建成新型能源体系 国家能源局发展规划司司长 任育之 能源是经济社会发展的重要物质基础。党的二十大首次提出加快规划建设新型能源体系，二十届四中全 会进一步明确"十五五"初步建成新型能源体系、建设能源强国，这是党中央深刻把握全球能源发展大 势、立足我国能源发展方位作出的新部署新要求，为能源发展提供了根本遵循和行动纲领。过去一年， 我们全力推动"十四五"能源规划收官，谋划"十五五"能源发展方向路径，统筹推进《新型能源体系建 设"十五五"规划》研究编制工作。 扎实推进"十五五"新型能源体系建设 2026年是"十五五"规划开局之年，我们将发布实施新型能源体系和系列分领域能源规划，深入践行能源 安全新战略，加快建设新型能源体系，推进能源强国建设，为基本实现社会主义现代化取得决定性进展 提供坚强能源支撑。 回顾过去5年，我们着力完善定位准确、边界清晰、功能互补、统一衔接的能源规划体系，推动形成能 源规划"全国一盘棋"，更好发挥能源规划对能源发展的引领、指导和规范作用。推动出台《中华人民共 和国能源法》，修订出台《能源规划管理办法》，完善规划实施机制，开展规划实施动态监测和评估调 整，加强地方落实国家能源规 ...

| 美股重要指数区间涨跌幅（%） | 2月16日-2月20日 | | --- | --- | | 费城半导体指数 | 1.51 | | 纳斯达克指数 | 1.51 | | 标普500 | 1.07 | | 罗素2000指数 | 0.65 | | 道琼斯工业指数 | 0.25 | | 纳斯达克中国金龙指数 | -0.55 | 【环球网财经综合报道】Wind数据显示，近十年春节假期后A股首个交易日，上证指数、创业板指上涨 概率均达六成，与此同时，多家券商机构针对节后A股行情做出预判。 开源证券复盘春节后市场规律发现，节后5个、10个、20个交易日内，市场上涨概率逐步提升，大盘日 渐回暖；风格上，呈现"中小盘优于大盘，成长占优"的特征，市场以追求超额为目的。 东吴证券提出，历史上A股"春节效应"特征显著，节后资金有望"重振旗鼓"带动量价共振修复，A股有 望迎来积极开局；产业趋势层面，机器人、国产大模型在内的科技主线在假期期间持续发酵。 中信建投也认为，春节期间全球股市整体强势，无重大风险事件，当前市场情绪仍然高涨，节后A股有 望开启新一轮上行。行业配置上继续坚持"科技 资源品"双主线；其中科技主线以AI、人形机器人 ...

据国家能源局消息，国家能源局规划司司长任育之表示，科技创新为新质生产力发展注入更强动能。从 国际看，世界主要国家加强能源科技战略布局，能源科技创新进入密集活跃期，主要国家加大氢能、固 态电池、先进核电、海洋能等前沿技术研发应用，人工智能成为重塑国际能源格局的新变量，有望驱动 能源生产、传输和消费方式系统性变革。从国内看，我国能源科技总体进入并跑为主、部分领跑的关键 阶段，一大批新技术新产业蓬勃兴起，新能源、新型储能等技术保持世界领先。但与此同时，仍面临原 始创新能力不足、部分关键核心技术和装备存在短板、产学研用协同创新有待加强等问题。 ...

特朗普的2月操作显得尤为典型，展示了他一贯的谈判策略：先把牌举到你面前，再谈是否可以谈。在这一波操作中，有两件事尤其引人关注。第一，美国 对华降温的举措，特朗普政府宣布将暂停部分对华科技限制措施，为4月的峰会铺路。第二，特朗普却在同一时间强化了压筹码的手段，他提到正在与中国 讨论对台军售事宜，甚至表示这一决定即将做出，同时暗示这可能影响4月的访华计划。两件事结合来看，特朗普显然是在进行一场交易——一边控制风 险，一边加码筹码。 中美关系的本质争斗，其实可以用一句话概括得相当简洁——要么中国交出增长红利，继续作为体系中的好学生；要么美国接受霸权收缩，承认世界不再是 单极的。这句话表面上看似简化了问题，但它背后反映的是深刻的结构性冲突：美国想要的是体系控制权，而中国追求的是发展自主权。这不是单纯的谁喜 欢谁的问题，而是两种生存方式的对立。 2026年开年，随着美国一系列动作的展开，局势变得更加扑朔迷离。特朗普一方面加大对中国的关税、材料封锁、军售施压，另一方面却反复对外宣称关系 很好，通话很棒，还透露计划于4月访问中国。表面上看，这一切像是一场边砸门边握手的真人秀，究竟是缓和还是勒索式谈判？从时间线来看，中美关系 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session outlines a grand blueprint for economic and social development over the next five years, emphasizing the construction of an energy powerhouse and the high-quality development of the electricity sector as a key support for this initiative [1]. Group 1: Electricity Industry Development - Since the 14th Five-Year Plan, China's electricity industry has maintained healthy and rapid growth, with total installed capacity expected to reach 3.89 billion kilowatts by the end of 2025, and renewable energy capacity exceeding 1.8 billion kilowatts, surpassing thermal power for the first time [2]. - The average annual electricity consumption growth rate is projected at 6.6%, supporting a 5.4% growth in the national economy, with total electricity consumption expected to exceed 10 trillion kilowatt-hours by 2025 [2]. - The average reliability of power supply across the country has improved, exceeding 99.9% [2]. Group 2: Green Transition and New Energy Systems - By 2025, the proportion of non-fossil energy consumption is expected to exceed 20%, with renewable energy generation accounting for 22.2% of total electricity consumption, up from 9.7% [3]. - The construction of a new type of power system is underway, with significant advancements in nuclear power technologies and the development of high green electricity transmission channels [3]. - The establishment of a unified national electricity market is in progress, allowing for comprehensive market entry of renewable energy [3]. Group 3: Future Goals and Strategies - By the middle of this century, the electrification rate in China is expected to exceed 60%, with non-fossil energy consumption surpassing 70%, positioning electricity as the dominant energy carrier [4]. - The 15th Five-Year Plan period is critical for achieving carbon peak goals by 2030 and accelerating the construction of a new power system [5]. - The electricity sector aims to form a green and low-carbon power supply structure, integrating various energy sources and enhancing the development of renewable energy [5]. Group 4: Implementation and Policy Measures - The electricity sector will focus on high-quality development and the construction of a new power system, ensuring the stability of electricity supply and promoting green transformation [6][8]. - Key projects and policies will be prioritized, including the construction of high-voltage transmission projects and the implementation of major reforms [8][9]. - The establishment of monitoring and early warning mechanisms for electricity supply adequacy will be emphasized to ensure stable power supply during peak seasons [9].

Economic Overview - The report by KPMG indicates that China's economy is projected to reach 140 trillion yuan in 2025, with a real GDP growth of 5.0% year-on-year, meeting the initial target growth rate [1] - Industrial production is expected to improve steadily, with manufacturing value-added growth of 6.1%, an increase of 0.3 percentage points from the previous year [1] Consumption Insights - The total retail sales of consumer goods are expected to grow by 3.7% year-on-year in 2025, a slight increase of 0.2 percentage points compared to the previous year [2] - Despite a decline in retail sales in the fourth quarter, the service consumption maintains strong resilience, with a cumulative growth rate of 5.5%, accelerating by 0.3 percentage points from the previous three quarters [2] Investment Trends - Fixed asset investment is projected to decline by 3.8% year-on-year in 2025, marking the first annual negative growth since records began [3] - Infrastructure investment is expected to stabilize in early 2026 due to fiscal support, while manufacturing investment may show marginal improvement as technology innovation and industrial upgrades are prioritized [3] Export Performance - Exports are anticipated to grow by 5.5% year-on-year in 2025, driven by trade partnerships with regions such as ASEAN, Africa, and Latin America, contributing 5.0 percentage points to export growth [4] - High-end manufacturing categories, such as integrated circuits and new energy products, are expected to be the core growth engines for exports [4] Policy Outlook - The central economic work conference emphasizes higher quality economic growth, with macro policies expected to maintain a stable expansion, and a fiscal deficit rate around 4% [5] - Policies will focus on boosting domestic demand and optimizing supply, with increased support for projects aimed at enhancing consumption and lowering financing barriers for private enterprises [5]

云南省能源集团以能源、现代物流、绿色能源新材料为三大主业，聚焦"打造全国一流绿色能源企业、 云南省千亿级能源骨干企业"的使命愿景，集中优势产业、优质资源，塑造全产业链竞争新能力、新优 势。公司经营范围为电力、煤炭等能源投资及管理，环保、新能源等相关产业投资，油气资源及管网项 目投资，以及技术服务、投资策划、咨询管理、信息服务等。(完) 中新网昆明2月12日电 (时文枝)云南省能源集团有限公司(以下简称云南省能源集团)12日在昆明揭牌， 标志着由云南两大能源国企一体化整合而成的省级能源"巨轮"正式启航。 地处中国西南的云南是绿色能源大省，"水、风、光"电互补性强，资源优势突出，可开发清洁能源资源 超2亿千瓦。 云南省能源集团由云南省能源投资集团有限公司与云南省煤炭产业集团有限公司一体化整合组建而成， 是云南省优化国有资本布局、保障能源安全、打造绿色能源强省的关键一招。 ...

Core Viewpoint - The company reported a significant increase in revenue and net profit for the fiscal year 2025, indicating strong growth in various sectors [1] Financial Performance - The total operating revenue for the fiscal year 2025 reached 1.612 billion yuan, representing a year-on-year growth of 12.65% [1] - The net profit attributable to the parent company's owners was 177 million yuan, showing a year-on-year increase of 42.81% [1] - The basic earnings per share were reported at 0.41 yuan [1] Product Performance - The company experienced rapid growth in shipment volumes across multiple sectors, including battery management, PMU, new energy, and industrial vehicle regulations [1] - The steady increase in revenue scale reflects the company's successful expansion in these key areas [1]