:root{--navy:#103d52;--accent:#12687a;--ink:#202c32;--muted:#69777e;--line:#e6eaed;--paper:#fff;--canvas:#f5f7f8;--gold:#ac8750;--soft:#eef4f5;font-family:-apple-system,BlinkMacSystemFont,"PingFang SC","Microsoft YaHei",sans-serif;color:var(--ink);background:var(--canvas);font-synthesis:none}
*{box-sizing:border-box}body{margin:0}button,input,select{font:inherit}button,a,input,select{touch-action:manipulation}button{cursor:pointer}button{border:0;background:transparent;color:inherit}a{color:inherit;text-decoration:none}button:focus-visible,a:focus-visible,input:focus-visible,select:focus-visible{outline:3px solid #d3a960;outline-offset:4px}button:hover,a:hover{color:var(--accent)}[hidden]{display:none!important}.container{max-width:1248px;margin:auto;padding-inline:32px}.skip{position:fixed;left:20px;top:-80px;background:white;padding:12px;z-index:20}.skip:focus{top:16px}
.preview-strip{font-size:11px;letter-spacing:.04em;color:#586a73;background:#eaf0f2;border-bottom:1px solid #e3e9ec}.preview-strip .container{height:30px;display:flex;align-items:center;justify-content:space-between}.preview-strip i{display:inline-block;background:var(--gold);width:5px;height:5px;border-radius:50%;margin-right:8px}.masthead{background:var(--paper);border-bottom:1px solid var(--line)}.header-inner{display:flex;align-items:center;gap:54px;height:92px}.brand{display:flex;align-items:center;flex-shrink:0;padding:4px 0}.brand-lockup{display:block}.brand strong{display:flex;align-items:baseline;position:relative;font-family:"Songti SC","STSong","Noto Serif CJK SC",serif;font-weight:900;letter-spacing:4px;font-size:35px;line-height:1.15;color:#163b47}.brand-observe{color:#287268}.brand strong i{display:block;width:5px;height:5px;background:#b99054;align-self:flex-end;margin:0 0 7px 2px}.brand small{display:block;font-size:7px;font-weight:500;letter-spacing:1.65px;margin-top:7px;color:#687b80;white-space:nowrap}.brand:hover .brand-observe{color:#195d55}.masthead nav{display:flex;gap:28px;height:100%;align-items:stretch;white-space:nowrap}.masthead nav button{position:relative;font-size:15px;padding:0 2px}.masthead nav button.selected{font-weight:650;color:var(--navy)}.masthead nav button.selected:after{content:"";position:absolute;bottom:0;left:0;right:0;height:3px;background:var(--navy)}#saved-count{font-size:10px;background:var(--soft);padding:2px 5px;margin-left:2px;border-radius:2px}#search-form{margin-left:auto;min-width:180px;flex:1;max-width:330px}.search{display:flex;align-items:center;gap:9px;border:1px solid var(--line);background:#f8fafb;padding:0 12px;height:39px;border-radius:3px}.search svg{width:18px;fill:none;stroke:var(--muted);stroke-width:1.7;flex-shrink:0}.search input{min-width:0;flex:1;background:transparent;border:0;outline:0!important;font-size:12px;color:var(--ink)}.search:focus-within{outline:2px solid var(--accent);outline-offset:2px}.search button{color:var(--muted);padding:3px}.intro{display:flex;justify-content:space-between;align-items:center;padding-block:36px 29px}.eyebrow{font-size:11px;letter-spacing:2px;color:var(--accent);font-weight:600}h1{font-size:30px;letter-spacing:1px;line-height:1.3;margin:9px 0 8px;font-weight:650}.intro p{font-size:13px;color:var(--muted);margin:0}.intro-meta{display:grid;gap:6px;text-align:right;color:var(--muted);font-size:11px}.intro-meta strong{font-size:19px;font-weight:500;letter-spacing:1px;color:var(--navy);font-variant-numeric:tabular-nums}.page-layout{display:grid;grid-template-columns:minmax(0,1fr) 282px;gap:30px;align-items:start}.feed{background:white;border:1px solid var(--line);border-top:3px solid var(--navy);border-radius:2px;min-width:0}.feed-top{display:flex;align-items:center;justify-content:space-between;padding:0 28px;border-bottom:1px solid var(--line);gap:16px}.channels{display:flex;gap:30px;align-items:stretch;min-width:0}.channels button{position:relative;white-space:nowrap;padding:20px 1px;font-size:15px;color:var(--muted)}.channels .selected{color:var(--navy);font-weight:650}.channels .selected:after{content:"";height:3px;position:absolute;bottom:-1px;left:0;right:0;background:var(--accent)}.filter-toggle{display:flex;gap:7px;align-items:center;font-size:12px;color:var(--muted);padding:8px 0;white-space:nowrap}.filter-toggle svg{width:16px;stroke:currentColor;fill:none;stroke-width:1.5}.filter-toggle b{background:var(--navy);color:#fff;padding:2px 5px;border-radius:2px;font-size:10px}.filter-toggle[aria-expanded=true]{color:var(--accent)}.advanced-filters{background:#f7f9fa;border-bottom:1px solid var(--line);padding:20px 28px}.filter-heading{display:flex;justify-content:space-between;font-size:12px;margin-bottom:18px}.filter-heading strong{font-weight:500}.filter-heading button{font-size:12px;color:var(--accent)}.filter-grid{display:grid;grid-template-columns:1fr 1fr;gap:16px}.filter-grid label{font-size:11px;color:var(--muted);display:grid;gap:8px}.filter-grid select{width:100%;min-width:0;height:36px;border:1px solid #d9e1e4;background:white;border-radius:2px;padding:0 8px;font-size:12px;color:var(--ink)}.list-toolbar{display:flex;justify-content:space-between;align-items:center;padding:18px 28px 4px;gap:8px;font-size:11px;color:var(--muted)}.list-toolbar p{margin:0}.list-toolbar label{font-size:0}.list-toolbar select{font-size:11px;border:0;max-width:155px;background:white;color:var(--muted);cursor:pointer}.active-filters{display:flex;align-items:center;flex-wrap:wrap;gap:8px;padding:12px 28px 0;font-size:11px;color:var(--accent)}.active-filters button{background:var(--soft);padding:6px 8px;border-radius:2px}.news-row{position:relative;padding:27px 28px 25px;border-bottom:1px solid var(--line)}.news-row:last-child{border-bottom:0}.article-topline{display:flex;align-items:center;gap:8px;margin-bottom:11px;font-size:10px;letter-spacing:.02em}.category-label{color:var(--accent);font-weight:600}.editor-pick{color:#967445;border-left:1px solid #dfe4e7;padding-left:8px}.news-row h2{font-size:19px;line-height:1.6;font-weight:600;margin:0 0 10px;letter-spacing:.15px}.article-title{display:block;text-align:left;padding:0;line-height:inherit;font-weight:inherit}.article-title:hover{color:var(--accent)}.article-summary{margin:0 0 17px;color:#617078;font-size:13px;line-height:1.95;display:-webkit-box;-webkit-line-clamp:2;-webkit-box-orient:vertical;overflow:hidden}.article-meta{display:flex;align-items:center;gap:9px;font-size:10px;line-height:1.6;color:var(--muted);flex-wrap:wrap}.article-meta a{color:#476575}.article-meta .sep{color:#bec8ce}.article-meta time{font-variant-numeric:tabular-nums}.save-button{margin-left:auto;display:flex;align-items:center;gap:5px;white-space:nowrap;color:#718189;padding:4px 0 4px 8px;font-size:10px}.save-button svg{width:14px;height:16px;stroke:currentColor;stroke-width:1.5;fill:none}.save-button[aria-pressed=true]{color:var(--accent)}.save-button[aria-pressed=true] svg{fill:#d9ecef}.news-row.lead{padding-top:27px;background:linear-gradient(110deg,#f5f9fa,white 70%)}.news-row.lead h2{font-size:23px;line-height:1.5;letter-spacing:.25px}.legacy-label{font-size:10px;color:#8a601f}.backfill{color:#7a7469;font-size:10px}.pagination{border-top:1px solid var(--line);display:flex;justify-content:center;align-items:center;gap:16px;min-height:83px;font-size:12px;color:var(--muted)}.pagination button{padding:8px 12px;border:1px solid var(--line);border-radius:2px}.pagination button:disabled{cursor:default;color:#a3adb2;background:#fafbfc}.loading,.empty{padding:72px 28px;text-align:center;color:var(--muted);font-size:14px;line-height:1.9}.empty h2{font-size:19px;color:var(--navy);font-weight:500}.empty button{background:var(--navy);color:white;padding:10px 22px;border-radius:3px;margin-top:10px}.reading-rail{display:grid;gap:26px}.rail-feature{background:#eaf1f3;padding:24px 22px 0;overflow:hidden;border-top:3px solid var(--navy)}.rail-feature h2{font-size:24px;color:var(--navy);line-height:1.5;font-weight:500;margin:12px 0}.rail-feature p{font-size:12px;line-height:1.9;color:#647982;margin:0}.rail-feature img{display:block;width:calc(100% + 44px);height:145px;margin:16px -22px 0;object-fit:cover;object-position:50% 54%;mix-blend-mode:multiply}.section-heading{display:flex;justify-content:space-between;align-items:center;margin-bottom:6px;padding-bottom:13px;border-bottom:1px solid #dbe2e6}.section-heading h2{font-size:16px;font-weight:600;margin:0}.section-heading button,.section-heading>span{font-size:10px;color:var(--muted)}.recommendation{display:grid;grid-template-columns:22px 1fr;gap:9px;padding:16px 0;border-bottom:1px solid var(--line);text-align:left;width:100%}.recommendation:last-child{border-bottom:0}.rec-number{font-family:Georgia,serif;font-size:21px;color:#afbdc5;font-style:italic}.recommendation strong{font-size:13px;line-height:1.9;display:block;font-weight:500}.recommendation small{font-size:10px;color:var(--muted);display:block;margin-top:6px}.topic-link{display:flex;gap:12px;text-align:left;align-items:center;width:100%;padding:17px 0;border-bottom:1px solid var(--line)}.topic-number{font-size:11px;color:var(--accent);border:1px solid #cddce0;padding:6px}.topic-link strong{font-weight:500;font-size:13px;display:block}.topic-link small{display:block;font-size:10px;color:var(--muted);margin-top:6px}.topic-link>span:last-child{margin-left:auto;color:var(--muted)}.source-note{font-size:11px;line-height:1.9;color:var(--muted);padding-top:6px}.source-note h2{font-size:12px;color:#536a74;font-weight:500}.source-note p{margin:7px 0}.small-mark{display:inline-grid;place-items:center;border:1px solid #bdcdd3;color:var(--navy);font-family:serif;font-size:18px;width:29px;height:29px}.source-note>span:last-child{font-size:10px}.footer{display:flex;justify-content:space-between;gap:12px;padding-block:30px 40px;color:#79878e;font-size:10px}.footer strong{font-family:serif;font-size:15px;letter-spacing:2px;margin-right:12px;color:#4a626e}
dialog{width:min(740px,calc(100% - 32px));max-height:86vh;border:0;border-radius:4px;padding:0;color:var(--ink);box-shadow:0 20px 80px #102c3c30}dialog::backdrop{background:#102a3b72;backdrop-filter:blur(3px)}.dialog-top{display:flex;justify-content:space-between;align-items:center;padding:16px 28px;border-bottom:1px solid var(--line);font-size:11px;color:var(--muted);position:sticky;top:0;background:white;z-index:1}.dialog-top button{font-size:28px;line-height:1;width:32px;height:32px}#article-content{padding:30px 38px 38px}#article-content h2{font-size:26px;line-height:1.65;margin:12px 0 18px;font-weight:600}#article-content .reading-meta{font-size:11px;color:var(--muted);line-height:2}.reading-body{font-size:16px;line-height:2.1;margin:28px 0;color:#3f5058}.evidence{background:#f5f8f9;border-left:2px solid #90aab5;padding:14px 18px;font-size:12px;line-height:2;color:var(--muted)}.evidence strong{display:block;font-weight:500;color:var(--navy)}.detail-tags{display:flex;flex-wrap:wrap;gap:8px;margin-top:22px}.detail-tags span{font-size:11px;padding:5px 9px;background:var(--soft);color:#506d79}.detail-actions{display:flex;align-items:center;justify-content:space-between;margin-top:26px;gap:16px}.original-link{display:inline-block;background:var(--navy);color:white;padding:11px 18px;font-size:13px;border-radius:2px}.original-link:hover{color:white;background:var(--accent)}.detail-actions .save-button{font-size:12px}#notice{position:fixed;bottom:28px;left:50%;transform:translateX(-50%);background:var(--navy);color:white;border-radius:3px;padding:12px 20px;font-size:12px;box-shadow:0 8px 24px #173c4f20;z-index:20;pointer-events:none;opacity:0;transition:opacity .15s}#notice.visible{opacity:1}
@media(min-width:1350px){.container{padding-inline:24px}.page-layout{gap:36px;grid-template-columns:minmax(0,1fr) 292px}.news-row{padding:28px 32px}.feed-top,.list-toolbar{padding-inline:32px}.news-row h2{font-size:20px}}
@media(max-width:1050px){.header-inner{gap:32px}.masthead nav{gap:19px}.page-layout{grid-template-columns:minmax(0,1fr) 245px;gap:22px}.container{padding-inline:24px}.news-row{padding-inline:24px}.feed-top{padding-inline:24px}.channels{gap:24px}.news-row h2{font-size:18px}.news-row.lead h2{font-size:21px}.rail-feature h2{font-size:22px}#search-form{max-width:260px}}
@media(max-width:850px){.header-inner{flex-wrap:wrap;gap:0;justify-content:space-between;height:auto;padding-top:22px;padding-bottom:18px}.masthead nav{height:51px;gap:24px}.masthead nav button{font-size:14px}#search-form{flex-basis:100%;max-width:none;margin-top:18px}.page-layout{grid-template-columns:minmax(0,1fr)}.reading-rail{display:none}.intro{padding-block:27px 24px}.intro-meta{font-size:10px}.intro-meta strong{font-size:16px}.intro h1{font-size:27px}.brand strong{font-size:32px}.news-row h2{font-size:20px}.news-row.lead h2{font-size:23px}.article-summary{font-size:13px}.footer{padding-block:24px;flex-wrap:wrap}}
@media(max-width:480px){.container{padding-inline:16px}.preview-strip{font-size:10px}.header-inner{padding-top:18px;padding-bottom:15px}.brand strong{font-size:28px;letter-spacing:3px}.brand strong i{width:4px;height:4px;margin-bottom:5px}.brand small{font-size:5.5px;letter-spacing:1.1px;margin-top:6px}.masthead nav{gap:13px;height:43px}.masthead nav button{font-size:12px}#saved-count{display:none}.intro{padding-block:23px}.intro .eyebrow{font-size:9px;letter-spacing:1px}.intro h1{font-size:25px;margin:8px 0}.intro p{font-size:11px;max-width:215px}.intro-meta{font-size:9px;gap:5px}.intro-meta strong{font-size:12px}.feed-top{padding-inline:16px;gap:8px}.channels{gap:23px}.channels button{font-size:13px;padding-block:17px}.filter-toggle{font-size:10px;gap:4px}.filter-toggle svg{width:13px}.list-toolbar{padding:15px 16px 1px;font-size:10px}.list-toolbar select{font-size:10px;max-width:130px}.news-row{padding:23px 18px}.news-row.lead{padding-top:23px}.news-row h2,.news-row.lead h2{font-size:18px;line-height:1.6}.article-summary{font-size:12px;line-height:1.9;-webkit-line-clamp:2}.article-meta{font-size:9px;gap:5px}.save-button{font-size:0;min-width:28px;min-height:30px}.save-button svg{width:15px}.article-topline{margin-bottom:10px;font-size:10px}.advanced-filters{padding:18px 16px}.filter-grid{gap:12px}.active-filters{padding-inline:16px}.pagination{gap:10px;min-height:76px;font-size:11px}.pagination button{padding:8px 11px}.dialog-top{padding-inline:18px}#article-content{padding:22px}#article-content h2{font-size:21px}.reading-body{font-size:14px;line-height:2}.detail-actions{gap:10px}.detail-actions .save-button{font-size:11px}.footer{font-size:9px}.footer strong{font-size:14px}}
@media(prefers-reduced-motion:reduce){*{scroll-behavior:auto!important;transition:none!important}}

.masthead nav .company-nav-link{display:flex;align-items:center;font-size:15px;padding:0 2px}@media(max-width:850px){.masthead nav .company-nav-link{font-size:14px}}@media(max-width:480px){.header-inner nav{width:100%;justify-content:space-between;margin-top:14px}.masthead nav .company-nav-link{font-size:12px}}

/* Reader refinement: make content and company research easier to reach. */
.intro{padding-block:28px 24px}
.news-row{padding-block:24px}
.article-summary{font-size:14px;line-height:1.85;color:#52636b}
.article-meta,.article-topline{font-size:11px}
.company-gateway{padding:24px;background:#edf3ef;border:1px solid #d7e3dd;border-top:3px solid #286258}
.company-gateway h2{font-family:"Songti SC",serif;font-size:26px;line-height:1.5;color:#214c42;margin:12px 0}
.company-gateway p{font-size:13px;line-height:1.8;color:#53685f;margin:0 0 20px}
.gateway-actions{display:flex;flex-wrap:wrap;gap:12px;align-items:center;font-size:12px}
.gateway-actions a{display:inline-flex;align-items:center;min-height:44px}
.gateway-actions a:first-child{background:#286258;color:white;padding:10px 16px;border-radius:3px}
.gateway-actions a:first-child:hover{background:#194b42}
.gateway-picks{display:flex;gap:12px;flex-wrap:wrap;border-top:1px solid #d4e1d9;margin-top:20px;padding-top:16px;font-size:12px;color:#286258}
.gateway-picks>span{width:100%;font-size:11px;color:#64786e}
.gateway-picks a{padding-block:4px}
@media(max-width:850px){
 .header-inner{display:grid;grid-template-columns:160px minmax(0,1fr);gap:0 24px;padding-block:16px 0}
 .header-inner .brand{grid-column:1;grid-row:1}
 .header-inner #search-form{grid-column:2;grid-row:1;min-width:0;max-width:none;margin:0;width:100%}
 .header-inner nav{grid-column:1/-1;grid-row:2;height:48px;justify-content:flex-start;gap:32px;margin-top:12px}
 .reading-rail{display:block;grid-row:1}
 .reading-rail>:not(.company-gateway){display:none}
 .company-gateway{display:flex;align-items:center;justify-content:space-between;gap:16px;padding:12px 16px;border-top:1px solid #d7e3dd}
 .company-gateway .eyebrow{font-size:12px;letter-spacing:1px;white-space:nowrap}
 .company-gateway h2,.company-gateway p,.gateway-picks{display:none}
 .gateway-actions{gap:16px}
 .gateway-actions a:first-child{background:none;color:#286258;padding:0}
 .page-layout{gap:16px}
}
@media(max-width:480px){
 .header-inner{grid-template-columns:104px minmax(0,1fr);column-gap:16px;padding-top:16px}
 .header-inner nav{justify-content:space-between;gap:12px;margin-top:12px;width:100%}
 .header-inner .search{padding-inline:8px;height:38px;gap:6px}
 .header-inner .search input{font-size:11px}
 .header-inner .search svg{width:14px}
 .intro{padding-block:20px}
 .intro p{font-size:12px;max-width:200px;line-height:1.7}
 .intro-meta{font-size:10px;flex-shrink:0;margin-left:8px}
 .company-gateway{gap:8px;padding:8px 12px}
 .company-gateway .eyebrow{font-size:11px}
 .gateway-actions{gap:12px;font-size:11px}
 .news-row,.news-row.lead{padding:20px 16px}
 .article-summary{font-size:13px;line-height:1.85}
 .article-meta{font-size:10px}
 .save-button{min-height:44px;min-width:32px}
 .filter-toggle{min-height:44px}
 .list-toolbar select{min-height:32px}
}