Core Viewpoint - The Baotou Rare Earth Products Exchange (referred to as "Rare Exchange") has officially launched a rare earth price index, which aims to provide timely, accurate, and transparent price references for the rare earth industry, reflecting overall price trends and specific product variations in the market [1]. Group 1: Price Index Launch - The rare earth price index is based on the exchange's trading data and extensive collection of compliant trade data, developed using rigorous index models from research institutions [1]. - The index covers mainstream rare earth products such as lanthanum, cerium, praseodymium, and neodymium, and aims to support the healthy and orderly development of the rare earth market [1]. - The index was first announced on December 5, 2025, during the 2025 Entrepreneurs Forum in Boao, and has garnered significant attention from the rare earth industry [1]. Group 2: Future Plans - The Rare Exchange plans to continuously optimize the index content, enrich the index system, expand the index platform's publication, and enhance the promotion of index applications [1]. - The goal is to establish the index as an indispensable price "barometer" and "weather vane" in the rare earth product circulation sector, contributing to the construction of a unified national market for rare earths [1]. Group 3: Company Background - The Rare Exchange was established with contributions from 13 major rare earth enterprises and related institutions, including Northern Rare Earth, China Rare Earth, and others [2]. - The exchange was officially launched on August 8, 2012, and has since passed various national reviews and received high-tech enterprise certification in 2022 [2]. Group 4: Price Adjustments - On January 9, Baogang Co. and Northern Rare Earth announced an increase in the associated transaction price for rare earth concentrates for the first quarter of 2026 to 26,834 yuan/ton (excluding tax, dry weight, REO=50%) [2]. - Northern Rare Earth also confirmed that the price for the first quarter of 2026 would be adjusted to the same figure, reflecting a 37% increase from the previous quarter's price of 26,205 yuan/ton [3]. Group 5: Market Dynamics - Since 2024, the trading price of rare earth concentrates has been on the rise, indicating a growing demand and potential supply constraints in the market [4]. - Rare earth elements are classified into light and heavy rare earths, with heavy rare earths being rarer and more unevenly distributed, primarily concentrated in China [4].

从券商中国记者跟踪观察情况来看，公募增量资金是"存款腾挪"趋势下的典型映射，在新年入市基金产 品上主要有两个表现：一是个人投资者成为ETF主力军，不少产品的份额占比超90%；二是主动基金份 额自2025年三季度后已不再下降，甚至出现小幅回升。业内人士表示，存款搬家趋势有望在2026年带来 万亿级流向投资领域的活化增量资金，多数将寻求稳健型产品。 新年行情暖意融融，公募增量资金持续入市。 根据券商中国记者统计，截至1月10日2026年入市的公募资金预计在450亿元以上：一是新年上市的22只 股票ETF，合计规模63.45亿元。二是岁末年初成立、进入建仓期的主动含权基金，规模接近400亿元。 开年入市的公募资金，最直接的是股票ETF。根据wind统计，截至1月9日，2026开年以来一共有16只 ETF确定上市时间。其中，有7只ETF拟于开年第二周（1月12日至1月15日）上市交易。 入市ETF仓位迅速提升 具体来看，7只ETF品类丰富，建信基金上市的是创业板综合增强策略ETF，华夏基金和鹏华基金是中 证全指食品ETF。易方达一共有两只ETF上市，分别是中证工程机械主题ETF、中证港股通高股息投资 ETF。此外还有 ...

Group 1 - The U.S. government has declared a national emergency to protect Venezuelan oil revenues stored in U.S. Treasury accounts from being seized or subjected to legal proceedings [1][2] - The executive order aims to ensure that Venezuelan oil revenues are preserved for advancing U.S. foreign policy objectives, preventing claims from private creditors [2] - President Trump has initiated a military operation to control Venezuelan President Maduro and manage the country's oil reserves [2] Group 2 - During a meeting with executives from major oil companies, including Chevron and ExxonMobil, President Trump sought to secure investments in Venezuela's oil industry, but executives expressed caution regarding future investments [3] - Trump emphasized that the U.S. will decide which oil companies are allowed to invest in Venezuela, indicating a controlled approach to foreign investment [3] - ConocoPhillips' CEO highlighted the need to discuss restructuring Venezuela's entire energy system, noting significant past losses in the country [3]

一款名为"死了么"的APP引发关注。 近日，苹果应用商店一款名为"死了么"的付费APP引发关注。据悉，该款APP收费8元，截至发稿，位列苹果APP付费榜首位。 据介绍，这是一款为独居人群打造的轻量化安全工具，通过提前设置一位紧急联系人，若连续多日未在应用内签到，系统将于次日自动发送邮件告知对 方，及时传递安全异常信号，为潜在风险争取干预时间。 据广州日报报道，该款APP的创始开发团队只有三人，都是"95后"，通过远程方式进行协作。 对于为什么要开发这样一款APP？其中一位开发者表示，"近几年大家都会讨论'什么APP是每个人都需要的，并且一定会下载的'，就有网友提到'死了 么'APP，这个创意出来之后有很大的讨论度，于是我们看到了其中的需求，并且这件事本身也很有意义，于是我们就尝试去注册这个名字，发现可以注 册，后续又用了一个月时间完成了开发。" 该开发者表示，尽管现在APP的下载量不太方便透露，但"确实增长速度非常快"，其间也有部分人出现过没有连续签到的情况，不过目前还没有收到过粉 丝反馈，是否有真的帮助到用户。 记者看到，目前，该款APP在苹果应用商店上的评分为3.8分，多数评论集中在该款APP的通知为邮件 ...

Core Viewpoint - Lei Jun, the founder and CEO of Xiaomi, expressed confidence in the competitiveness of Xiaomi's electric vehicles against Tesla, stating that the SU7 has already outperformed the Model 3 in sales within its category [2]. Group 1: Company Performance - Xiaomi's total vehicle deliveries exceeded 410,000 units in the previous year, with over 50,000 units delivered in December alone [2]. - The SU7, launched 1 year and 9 months ago, has achieved over 360,000 deliveries, averaging more than 17,000 units per month [2]. - For 2026, Xiaomi has set a delivery target of 550,000 units [2]. Group 2: Market Position - Lei Jun highlighted that the SU7 is the only electric sedan to surpass the Model 3 in sales, indicating a strong market position for Xiaomi in the electric vehicle sector [2]. - Xiaomi's YU7, although currently trailing behind the Model Y in sales, is expected to compete effectively in the future [2].

Core Viewpoint - Dongzhu Ecological (603359) announced that due to changes in the market environment, the parties involved in the major asset restructuring have not reached a preliminary agreement on valuation and related commercial terms, and are negotiating the termination of the transaction [1][6]. Group 1: Transaction Details - Dongzhu Ecological planned to acquire control of Kairuixingtong Information Technology (Nanjing) Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [5]. - The transaction was expected to constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" [5]. - Kairuixingtong has a diversified shareholding structure, with the two largest shareholders each holding 14.02% of the shares [5]. Group 2: Business Context - Dongzhu Ecological's original business focused on ecological restoration and governance services, which have faced challenges due to intensified industry competition [6]. - Kairuixingtong is recognized as a national-level "specialized and innovative" enterprise, specializing in satellite communication technology and systems, with products including satellite communication baseband products and terminal products [6]. - The company has participated in national projects such as Shenzhou spacecraft and low-orbit satellite constellations, showcasing its strong technical capabilities [6]. Group 3: Market Reaction - Following the announcement of the restructuring plan, Dongzhu Ecological's stock was suspended and subsequently experienced three consecutive days of trading limit increases, with a closing price of 9.75 yuan per share on January 9, 2026, resulting in a market capitalization of 4.349 billion yuan [6].

Group 1 - The National Internet Information Office has drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Comments)" to standardize personal information collection and usage, protect personal information rights, and promote reasonable use of personal information [1][4] - Internet applications must inform users of personal information collection rules prominently at the first launch and provide easy access to these rules in the settings [1] - Applications can only request necessary personal information permissions when users are using specific features and must inform users of the purpose of data collection, without preemptively asking for permissions [1] Group 2 - Smart terminal operating systems must prompt users for consent when applications request permissions for calendar, call records, camera, contacts, location, microphone, phone, SMS, storage, and physical activity, offering refined authorization options based on time, frequency, and precision [2] - Smart terminals must clearly indicate the permissions currently being accessed, such as microphone, camera, and location, using easily understandable icons [2] - Manufacturers of smart terminals must verify the identity and contact information of internet application operators when processing pre-installation requests, denying requests from those who do not provide accurate information or lack personal information collection rules [2] Group 3 - The deadline for feedback on the draft regulations is February 9, 2026 [3]

Group 1 - The core viewpoint expressed by Lei Jun is that while Tesla is strong, it is not invincible, highlighting the competitive landscape in the electric vehicle market [1] - Lei Jun takes pride in the fact that the SU7 is currently the only electric sedan in its class to surpass the Model 3 in sales, indicating a significant achievement for the company [1] - The company reported that it delivered over 410,000 vehicles in total for the previous year, with December alone seeing deliveries surpassing 50,000 units [1] Group 2 - The delivery target for the company in 2026 has been set at 550,000 vehicles, showcasing ambitious growth plans [1] - The SU7 has achieved over 360,000 deliveries in just 1 year and 9 months, averaging more than 17,000 units per month, reflecting strong market demand [1] - The company acknowledges that while there is a gap in sales between the YU7 and the Model Y, it is optimistic about closing this gap over time [1]

Core Insights - The Northbound Stock Connect fund's holdings for the fourth quarter of 2025 have been officially disclosed, revealing a stable overall position with significant investments in key stocks [3][4]. Group 1: Northbound Fund Holdings - As of the end of Q4 2025, the Northbound Stock Connect funds held a total of 4,014 securities, including stocks and ETFs, with a relatively stable overall holding situation [4]. - Notably, the Northbound funds held over 1 billion shares in 213 stocks, and in 37 stocks, the holdings exceeded 5 billion shares. Key stocks with holdings over 10 billion shares include BOE Technology Group, Industrial and Commercial Bank of China, Zijin Mining, Agricultural Bank of China, and others [4]. Group 2: Stock Performance and Increases - During Q4 2025, Northbound funds increased their holdings in over 1,600 stocks, with more than 1,000 stocks seeing an increase of over 1 million shares. Significant increases were noted in stocks such as China Aluminum, Weichai Power, and Industrial and Commercial Bank of China, among others [6][7]. - The top stocks with the largest increases in holdings include China Aluminum with an increase of approximately 31.84 million shares, Weichai Power with 31.20 million shares, and others [7][8]. Group 3: Trading Activity - The trading activity of Northbound funds has become more active, with the trading volume exceeding 300 billion yuan for four consecutive trading days, reaching a peak of 369.6 billion yuan on January 9, 2026, marking the highest level since September 2025 [2][9]. - The cumulative trading volume of Northbound funds has surpassed 200 trillion yuan since the establishment of the mutual market access mechanism, with a record annual trading volume of 50.33 trillion yuan in 2025, representing a growth of over 40% compared to 2024 [9].

Regulatory Developments - The National Internet Information Office has drafted regulations for the collection and use of personal information by internet applications, aiming to protect personal information rights and promote reasonable use [1] - The State Administration for Market Regulation has revised the "Market Supervision Complaint Handling Measures" to enhance consumer protection and regulate malicious claims, adding six new clauses and modifying twenty-two [2] Shipping and Trade - The Shanghai Shipping Exchange reported that the Chinese export container shipping market remains stable, with varying trends across different routes due to fundamental differences [3] - The Shanghai Export Container Comprehensive Freight Index was recorded at 1647.39 points, a decrease of 0.5% from the previous period [3] Market Performance - U.S. stock indices collectively rose, with the Dow Jones and S&P 500 reaching all-time closing highs, while the Nasdaq increased by 0.81% [5] - Notable stock movements included Intel rising over 10%, Tesla increasing by more than 2%, and Apple ending a seven-day decline [5] Corporate Actions - Walmart will replace AstraZeneca in the Nasdaq 100 index, effective January 20, 2026 [5] - OpenAI and SoftBank announced a joint investment of $1 billion in SB Energy, with plans for a 1.2GW data center in Texas [6]