Core Viewpoint - Zhang Zetian launched her personal podcast "Xiao Tian Zhang" on the Xiaoyuzhou platform, with the first episode focusing on self-introduction and achieving over 10,000 listens within an hour of release [1] Group 1 - The first episode of the podcast is less than 3 minutes long and has already garnered over 7,000 subscriptions [1] - Zhang explained the significance of the podcast's name, stating that "Tian Zhang" represents the laws of nature and reflects her desire to present her authentic self [1] - She expressed her intention to share insights on technology developments and business model changes, as well as casual conversations with friends in future episodes [1]

Group 1 - The A-share market experienced a strong start in the first week of 2026, with a net inflow of margin financing reaching 857.79 billion yuan, ranking fifth in A-share history for single-week net inflows [1][2] - The first four days of the week saw daily net inflows exceeding 100 billion yuan, indicating a rapid influx of funds, although the fifth day showed a significant slowdown with a net inflow of only 67.81 billion yuan [2] - The electronic industry was particularly favored by margin investors, attracting a net inflow of 158.12 billion yuan, significantly higher than other sectors [5][6] Group 2 - Other sectors that received notable net inflows included non-bank financials and computers, each exceeding 60 billion yuan in net buying [6] - Over 70% of margin trading stocks experienced net buying, with seven stocks seeing net inflows exceeding 10 billion yuan, including XW Communication and China Ping An [7] - Analysts suggest that the strong performance in the A-share market is driven by multiple liquidity factors, including abnormal inflows into A500 ETF and the continuous appreciation of the yuan, reflecting international capital's restored confidence in China [8][9]

值得注意的是，在A股市场成交趋向活跃的同时，作为A股市场的两股重要力量，两融资金和北向资金 的规模和参与度也有所提升。 两融资金方面，数据显示，截至2026年1月9日，A股市场两融余额达26276亿元，进一步创出历史新 高，单日增长近70亿元。当天，A股市场两融交易额也达3456亿元，创出自2025年9月18日之后最近3个 多月新高。 总体来看，进入2026年以来，两融余额规模有所增长，2026年以来，两融余额累计已经增长超过800亿 元。 北向资金方面，根据香港交易所披露的数据，近期随着A股市场交投进一步活跃，北向陆股通交投活跃 度也有所提升，已再度连续数个交易日超过3000亿元。 1月12日，A股市场成交额超3.6万亿元，创出历史新高。 据数据，包含今天（2026年1月12日）在内，A股市场史上共有7个交易日成交额超过3万亿元。在今天 之前，A股市场成交额历史峰值出现在2024年10月8日，当天A股市场成交额达到约3.49万亿元，也是A 股市场史上单日成交额首次突破3万亿元大关。 另外，在整个2025年一年时间里，A股市场共有4个交易日单日成交额超过3万亿元。而在进入2026年以 来仅6个交易日的时间里， ...

近期，人民币汇率整体呈现稳中趋强态势，美元兑人民币持续运行于7.0关口下方。 2026年，人民币汇率走势如何？多家机构人士表示，人民币汇率呈现稳中趋强态势，是内外因素共振、 市场预期催化的多重合力结果。人民币汇率未来大概率将呈现双向波动格局。 内外共振推动升值 本轮人民币升值并非单一因素驱动。中银证券全球首席经济学家管涛分析，2025年人民币走出逆势升值 行情是内外因素共同作用的"综合结果"。从外部层面看，"美元大幅贬值导致了人民币的被动升值"。特 朗普政府政策对美元信用的"政治、资本流动与货币基础"三大基础造成冲击，是美元趋势性走弱的核 心。 从内部层面看，中国宏观叙事的积极转向、针对外部冲击的未雨绸缪、经济实现5%左右的稳定增长， 以及中美经贸磋商取得阶段性进展，共同重塑了市场对中国资产的信心，为汇率提供了基本面与情绪面 的支撑。 这样的观点得到大多数机构的认可。兴业证券宏观团队在接受证券时报·券商中国记者采访时表示，年 末以来，中国人民币汇率呈现稳中趋强态势，是内外因素共振、市场预期催化的多重合力结果。 内部因素而言，外需韧性与结汇高峰是近期人民币升值的重要拉力。2025年虽然面临关税冲击，但中国 外需 ...

Core Viewpoint - The National Development and Reform Commission and three other departments have jointly issued guidelines to strengthen the planning and investment direction of government investment funds, marking the first systematic regulation at the national level regarding the layout and investment focus of these funds [3][6]. Group 1: Investment Focus and Areas - The guidelines emphasize that investment funds should support the development of new productive forces, focusing on emerging industries such as new generation information technology, new energy, new materials, high-end equipment, new energy vehicles, green environmental protection, civil aviation, and marine engineering equipment [6][9]. - Future industries highlighted include the metaverse, brain-computer interfaces, quantum information, humanoid robots, generative artificial intelligence, biomanufacturing, biological breeding, future displays, future networks, and new energy storage [9][10]. Group 2: Policy Measures and Implementation - The guidelines propose 14 policy measures focusing on three main aspects: where to invest, how to invest, and who manages the funds [6][7]. - It requires funds to support major strategies and key areas, addressing weak links in resource allocation, and promoting deep integration of technological and industrial innovation [6][7]. - Local funds are instructed to align their investment directions with local industrial foundations and development realities, supporting industrial upgrades and the incubation of small and medium-sized enterprises [7][10]. Group 3: Evaluation and Management - The newly established evaluation management method includes three primary indicators: policy compliance (60% weight), optimization of productive force layout (30% weight), and policy execution capability (10% weight) [9][12]. - The policy compliance indicator assesses the fund's role in supporting new productive forces, technological innovation, and green development, among other areas [9][12]. - The optimization of productive force layout indicator evaluates the fund's alignment with national regional strategies and effective utilization of production capacity [12].

据天眼查APP显示，南京国博电子股份有限公司成立于2000年11月27日，注册资本59601.49万人民币。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 数据宝统计，截至14:04，国博电子成交额21.33亿元，创上市以来新高。最新股价上涨19.37%，换手率 2.41%。上一交易日该股全天成交额为20.90亿元。 ...

美国纽约商品交易所黄金期货价格11日创历史新高，一度突破每盎司4612美元。 2026年第一个完整交易周，在2025年表现强势的贵金属，继续牛市行情，黄金和白银期货价格均累计上涨，但波动性明显加剧。 综合多家金融机构的分析来看，本周有两个因素加剧了贵金属价格的下行压力： 不过，多家机构预计，即便面临短期下行压力，贵金属和工业金属价格今年仍有上涨空间。 一是彭博大宗商品指数本周启动年度再平衡调整，贵金属权重被大幅下调。分析人士称，预计这次再平衡调整会触发指数追踪型资金被 动减仓，使得黄金和白银面对获利了结压力。 另一方面，芝商所集团从周五盘后起，再次上调黄金、白银、铂金和钯金等贵金属期货履约保证金，这是最近一个月以来，芝商所集团 第三次上调贵金属期货保证金。其中，白银保证金本次上调幅度达28.6%。交易所大幅上调保证金，通常能遏制高杠杆交易和投机交 易。 总台央视记者高岩：美国突袭委内瑞拉引发地缘政治动荡和市场避险情绪升温，加之发达经济体债务膨胀，投资者增加贵金属配置，纽约商 品交易所黄金和白银期货主力合约价格在本周分别累计上涨3.96%和11.72%。 值得注意的是，贵金属价格波动在本周明显加剧。尤其是白银期 ...

当地时间1月11日晚，美联储主席杰罗姆·鲍威尔通过美联储官网网站和官方社交账号发布视频声明，证实自己正面临联邦检察官的刑事调查。 鲍威尔直指此次调查是特朗普政府的政治施压手段，核心原因是美联储坚持基于经济数据制定利率政策，未顺从总统的降息要求，而非调查所宣称的国会 证词或办公楼翻新项目问题。 调查缘起：传票指向国会证词与翻新项目，鲍威尔称系"借口" 鲍威尔在声明中披露，1月9日（周五），美国司法部向美联储送达大陪审团传票，以其2025年6月在参议院银行委员会的证词为由威胁发起刑事起诉。该 证词部分涉及美联储一项为期多年的历史性办公楼翻新项目。 但鲍威尔明确驳斥这一调查理由："此次新的威胁与我去年6月的证词或美联储办公楼翻新无关，也与国会的监督职责无关——美联储已通过证词和公开披 露充分向国会通报项目进展，这些都只是借口。"他强调，调查的本质是"美联储能否继续基于证据和经济状况制定货币政策，还是会屈服于政治压力与恐 吓"。 据《纽约时报》援引知情官员消息，此次调查由哥伦比亚特区联邦检察官办公室负责，该办公室负责人珍妮宁·皮罗曾担任纽约州检察官和福克斯新闻主 持人，由特朗普亲自任命。一名熟悉调查的人士向CNBC证 ...

Core Viewpoint - The judicial auction of 2,965,600 shares of Alliance Electronics (688311) held by Yibin Zhiyi Liquor Co., Ltd. is set to begin, with a starting price of 87.4369 million yuan and a market valuation of 105 million yuan, indicating potential arbitrage opportunities due to the current market value exceeding 174 million yuan [1][3]. Group 1: Company Background - Yibin Zhiyi Liquor Co., Ltd. was established in 2001 with a registered capital of 50 million yuan, primarily engaged in the sales and services of products like Wuliangchun liquor [4]. - The company has a history of significant charitable contributions, including donations of over 1,000 boxes of liquor to universities and a total of more than 400,000 yuan in scholarships since 2007 [4]. Group 2: Financial Situation - Yibin Zhiyi Liquor has faced severe operational crises in recent years, accumulating debts and becoming a defendant in multiple lawsuits, with total amounts involved nearing 200 million yuan [1][12]. - The company was listed as a defendant by the Chengdu Intermediate People's Court in May 2022, with an execution amount of 367 million yuan, and was later included in the tax non-compliance list due to tax arrears [11][12]. Group 3: Investment History - The company initially invested approximately 50 million yuan in Alliance Electronics starting in 2019, holding 2,965,600 shares at the time of the IPO, which had a market value of about 123 million yuan based on the initial offering price [7]. - Following a stock split in 2022, the company's holdings increased to 4,151,800 shares, with a current market value exceeding 240 million yuan, although all shares have been frozen [7]. Group 4: Market Performance - Alliance Electronics has been performing well in the market, with its stock price increasing by over 90% since late November of the previous year [5].

当地时间1月11日晚，美联储主席杰罗姆·鲍威尔通过美联储官网网站和官方社交账号发布视频声明，证实自己正面临联邦检察官的刑事调查。 鲍威尔直指此次调查是特朗普政府的政治施压手段，核心原因是美联储坚持基于经济数据制定利率政策，未顺从总统的降息要求，而非调查所宣称的国会 证词或办公楼翻新项目问题。 核心矛盾：利率政策分歧引发特朗普长期施压 鲍威尔指出，调查的根源在于美联储拒绝按特朗普的要求调整利率。自2025年1月特朗普开始第二任期以来，多次要求美联储大幅、快速降息，但美联储 基于对经济形势的判断，直至2025年9月才启动连续三次季度性降息（每次降息0.25个百分点），且降息幅度未达特朗普预期。 特朗普对鲍威尔的不满由来已久，多次公开批评美联储官员为"笨蛋"，甚至嘲讽鲍威尔"高尔夫推杆技术糟糕"。此外，特朗普已明确表示，计划在2026年 5月鲍威尔美联储主席任期届满后将其替换，目前热门继任人选包括前美联储理事凯文·沃什和现任国家经济委员会主任凯文·哈塞特。 美国司法部发言人在回应媒体询问时未直接提及鲍威尔，但表示"司法部长已指示联邦检察官优先调查任何滥用纳税人资金的行为"，间接为调查背书。 各方反应：两党参议员谴责 ...