他在13日说，自己有意在几周内推动美联储主席继任者的提名。 鲍威尔11日晚表示，美国联邦检察官已于9日向美联储送达传票，威胁就他去年6月在参议院银行委员会 作证一事提起刑事诉讼，当时的证词涉及美联储办公楼翻新项目。 新华财经纽约1月15日电（记者刘亚南） 美国总统特朗普14日在接受媒体采访时表示，他目前没有计划 解除美国联邦储备委员会主席鲍威尔的职务。 特朗普说，目前，自己尚未就美国司法部对鲍威尔于2025年6月在参议院就美联储办公楼翻新项目作证 进行刑事调查得出是否可以解除鲍威尔职务的结论，现在还"太早"。 特朗普说："目前，我们多少对他（鲍威尔）持观望态度，我们将就今后的行动作出决定。但是，我不 能参与其中。" 特朗普表示，自己不在乎共和党籍国会议员对鲍威尔遭刑事调查的批评，这些议员应该"忠诚"。 鲍威尔将于2026年5月结束美联储主席任期。他遭刑事调查一事公开后，多名共和党籍国会议员公开对 此表示质疑或批评，并有共和党籍参议员表示在这一问题解决前将反对确认任何与美联储有关的提名。 （文章来源：新华财经） ...

新华财经北京1月15日电财政部税政司15日消息称，为进一步推动债券市场对外开放，自2026年1月1日 起至2027年12月31日止，对境外机构投资境内债券市场取得的债券利息收入暂免征收企业所得税和增值 税。相关暂免征收企业所得税的范围不包括境外机构在境内设立的机构、场所取得的与该机构、场所有 实际联系的债券利息。 （文章来源：新华财经） ...

Core Viewpoint - The People's Bank of China (PBOC) is implementing two main policy measures to support economic transformation and optimize the economic structure in response to current economic and financial conditions [1][3]. Group 1: Monetary Policy Adjustments - The PBOC will lower the interest rates of various structural monetary policy tools by 0.25 percentage points, reducing the one-year relending rate from 1.5% to 1.25% [3]. - The PBOC will merge the relending and rediscounting for agriculture and small enterprises, increasing the relending quota by 500 billion yuan, with a separate quota of 1 trillion yuan specifically for private enterprises [3]. - The quota for relending aimed at technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, expanding support to high R&D investment private small and medium-sized enterprises [3]. Group 2: Support for Specific Sectors - The PBOC will combine the management of the previously established private enterprise bond financing support tool and the technological innovation bond risk-sharing tool, providing a total relending quota of 200 billion yuan [4]. - The support scope for carbon reduction tools will be expanded to include energy-saving renovations, green upgrades, and projects with low-carbon transformation effects [4]. - The support areas for service consumption and elderly care relending will be expanded to include the health industry based on health industry recognition standards [4]. Group 3: Real Estate and Financial Services - The minimum down payment ratio for commercial property loans will be lowered to 30% in collaboration with the financial regulatory authority to support the destocking of the commercial real estate market [5]. - Financial institutions are encouraged to enhance their foreign exchange risk hedging services by providing cost-effective and flexible foreign exchange risk management tools [5]. - The PBOC will continue to increase liquidity and maintain ample liquidity to guide overnight rates to operate near policy rate levels [5].

新华财经北京1月15日电央行上海总部15日发布2025年12月份境外机构投资银行间债券市场简报。数据 显示，截至2025年12月末，境外机构持有银行间市场债券3.46万亿元，约占银行间债券市场总托管量的 2.0%。从券种看，境外机构持有国债2.01万亿元、占比58.1%，政策性金融债0.74万亿元、占比21.4%， 同业存单0.58万亿元、占比16.8%，其他品种债券0.13万亿元、占比3.8%。 （文章来源：新华财经） 2025年12月份，新增6家境外机构主体进入银行间债券市场。截至12月末，共有1189家境外机构主体入 市，其中624家通过结算代理渠道入市，839家通过"债券通"渠道入市，274家同时通过两个渠道入市。 12月份，境外机构在银行间债券市场的现券交易量约为1.07万亿元，日均交易量约为464亿元。 ...

Core Insights - The report by CBRE highlights the evolving landscape of China's real estate investment market, focusing on capitalization rates and investor preferences for 2025 [1] Group 1: City Investment Preferences - First-tier cities like Beijing and Shanghai remain the top investment choices, reflecting strong investor confidence [2] - Non-first-tier cities such as Hangzhou, Chengdu, Suzhou, the Greater Bay Area (excluding Guangzhou and Shenzhen), and Nanjing are emerging as new focal points for investment due to economic growth and higher investment returns [2] Group 2: Asset Type Preferences - Long-term rental apartments and serviced apartments are gaining traction, with investment interest in Beijing and Shanghai at 61% and 64% respectively, significantly higher than in Guangzhou and Shenzhen [3] - Retail properties are seeing a resurgence in interest, particularly shopping centers, outlets, and community commercial spaces, driven by standardized operations and strong liquidity [3] - Industrial assets show a clear structural differentiation, with data centers and industrial plants gaining popularity, while warehouse logistics are experiencing a decline in interest [4] Group 3: Investment Strategies and Capitalization Rates - Different types of institutions exhibit varied strategy preferences, with private equity funds favoring high-risk, high-reward strategies, while insurance funds prefer stable investments [5] - Capitalization rates for most asset types are on the rise, indicating changing market risk expectations, with prime office capitalization rates in Beijing and Shanghai at 5.0%-6.0% [5] - Investors are cautious about future capitalization rate trends, anticipating an upward trajectory, but recognize the resilience of retail properties and long-term rental apartments [5] Group 4: Public REITs Market - As of December 2025, there are 78 publicly offered REITs in mainland China, totaling 210 billion yuan, making it the largest in Asia and second globally [6] - Investors prioritize operational management capabilities, policy direction, and secondary market liquidity when evaluating REITs [6] - The dynamic changes in capitalization rates are seen as a core pricing indicator for the real estate market, reflecting industry confidence and investment logic [6][7]

新华财经北京1月15日电（记者翟卓）"关于降准降息，从今年看还有一定的空间。"中国人民银行新闻 发言人、副行长邹澜15日在国新办举行的介绍货币金融政策支持实体经济高质量发展成效的新闻发布会 上说。 展望2026年，邹澜明确，人民银行将落实中央经济工作会议的决策部署，继续实施适度宽松的货币政 策，发挥存量政策和增量政策的集成效应，加大逆周期和跨周期调节力度，为经济稳定增长和高质量发 展创造适宜的货币金融环境。 （文章来源：新华财经） 从政策利率看，邹澜提到，外部约束方面，目前人民币汇率比较稳定，美元处于降息通道，总体看汇率 不构成很强约束；内部约束方面，2025年以来银行净息差已出现企稳迹象，连续两个季度保持在 1.42%，2026年还有规模较大的三年期及五年期等长期存款到期重定价，此次人民银行也下调了各项再 贷款利率，这些都有助于降低银行付息成本、稳定净息差，为降息创造一定空间。 "我们还将继续综合施策，促进社会综合融资成本低位运行。比如推动明示贷款综合融资成本，组织银 行会同企业填写'贷款明白纸'，详细明示企业获得贷款需要承担的利息和非利息成本，促进降低评估、 担保等融资中间费用，减轻企业费用支出，优化融资 ...

（文章来源：新华财经） 新华财经北京1月15日电中钢协发布2026年1月上旬重点企业钢材库存旬报，2026年1月上旬，重点统计 钢铁企业钢材库存量1504万吨，环比上一旬增加90万吨，增长6.4%；比年初（即上一旬）增加90万 吨，增长6.4%；比上月同旬增加29万吨，增长2.0%；比去年同旬增加245万吨，增长19.5%，比前年同 旬增加65万吨，增长4.5%。 ...

业内人士指出，去年全球金价大幅走高，显著抑制了实物黄金的整体购买需求。同时，尽管黄金在土耳 其高通胀环境下具备良好的保值属性，但金价攀升对将小面额金币用于储蓄或赠礼的家庭消费者造成直 接影响。 土耳其长期以来是全球家庭黄金储蓄的重要市场之一，当前高企的价格正在促使消费者对新增购买持谨 慎态度。数据显示，2025年按里拉计价的每克黄金价格上涨101.75%，升至6240里拉（约合145.28美 元）。 （文章来源：新华财经） 新华财经伊斯坦布尔1月15日电（记者许万虎）受国际金价上涨影响，土耳其实物黄金需求明显降温。 官方数据显示，2025年土耳其国家造币厂用于金币铸造的黄金用量约为49.7吨，同比下降38.3%，低于 2024年的80.6吨，创下自2021年以来的最低水平。 除用金量下降外，金币铸造数量亦显著回落。2025年金币产量为1318万枚，较2024年减少43.6%。 ...

Economic Growth - After two consecutive years of recession, the German economy is projected to grow by 0.2% in 2025 according to preliminary calculations by the Federal Statistical Office of Germany [1] Consumption and Investment - Household consumption is expected to increase by 1.4%, while government consumption is projected to rise by 1.5% in 2025 [2] - Total asset investment in Germany is forecasted to decline by 0.5%, with construction investment decreasing by 0.9% for the fifth consecutive year [1][2] Export and Import Trends - German exports are anticipated to decrease by 0.3% in 2025, marking the third consecutive year of decline, while imports are expected to grow significantly by 3.6% after two years of decline [2] Sector Performance - The manufacturing sector is expected to see a continuous output decrease for the third year, with a year-on-year decline of 1.3%, particularly in the automotive and mechanical engineering industries [1] - The construction industry is projected to decline by 3.6% due to high construction costs, while the service sector shows mixed results with certain industries like sports and entertainment declining, but trade, transportation, accommodation, and food services growing by 1.2% [1]

Group 1 - The cancellation of Indonesia's B50 biodiesel policy is expected to negatively impact palm oil prices, leading to a decline in Malaysian palm oil for three consecutive trading days [1] - The Indonesian government will continue with the B40 biodiesel blending policy and is preparing for a potential B50 implementation later in the year, but current market conditions favor maintaining the B40 ratio [1][2] - The market sentiment is currently bearish due to the cancellation of the B50 plan, but there is an expectation of marginal improvement in the short-term supply-demand fundamentals, particularly from major consuming countries like India [1][3] Group 2 - The palm oil export volume from Malaysia increased by 17.53% in the first half of January compared to the same period last month, indicating improved demand from major consumers [2] - The overall market is experiencing volatility, with expectations that Indian consumption and potential adjustments in U.S. biodiesel policies may support demand for oils [3] - MBSB Research forecasts a moderate growth of 1.0% in palm oil production for 2026, with exports expected to remain low at 15.1 million tons and ending stocks at a high of 3.18 million tons due to ongoing weak demand [3]