Group 1 - The core viewpoint of the articles highlights the severe administrative penalties imposed by the China Securities Regulatory Commission (CSRC) on Zhejiang Ruifengda Asset Management Co., Ltd. and its related private equity institutions for serious violations of private fund laws and regulations [1][2] - The total fines and penalties amount to over 41 million yuan, which includes more than 28 million yuan against Ruifengda and its related institutions, and over 13 million yuan against five responsible individuals [1] - The penalties are noted to be the heaviest in history, surpassing previous cases, indicating the CSRC's zero-tolerance stance towards serious violations in the private fund sector [1][2] Group 2 - The CSRC has been actively enforcing regulations against various forms of misconduct in the private fund sector, including illegal fundraising, misappropriation, self-financing, and profit transfer, with over 600 private institutions and individuals subjected to administrative measures in 2025 [2] - On the same day, the China Securities Investment Fund Industry Association released a second batch of typical disciplinary cases, aimed at educating the industry on compliance and enhancing awareness of regulatory requirements [2] - The CSRC's ongoing efforts are focused on increasing the cost of violations, purifying the market environment, and promoting the healthy development of the private fund industry to protect investors' legitimate rights and interests [2]

Core Viewpoint - The People's Bank of China Shandong Branch announced that by the end of 2025, the balance of technology loans in Shandong Province is expected to reach 2.8 trillion yuan, representing a year-on-year growth of 15.5%, which is 7.3 percentage points higher than the growth rate of all loans [1] Group 1: Financial Support and Policies - The People's Bank of China Shandong Branch is promoting the implementation of re-loan policies for technological innovation and technical transformation, guiding financial institutions to increase support for technology enterprises and projects related to equipment updates and technical transformations [1] - By the end of 2025, the total balance of loans issued in related fields is expected to reach 80.14 billion yuan, supporting nearly 3,000 enterprises and projects [1] - A total of 33 billion yuan in re-loan and rediscount guidance quotas for technological innovation and specialized enterprises has been utilized to support financial institutions in increasing financing for technology enterprises through multiple channels [1] Group 2: Policy Measures and Mechanisms - Shandong Province has issued measures to further strengthen financial services for innovative development, introducing 11 targeted initiatives focusing on policy support, service optimization, product matching, and organizational guarantees [1] - A mechanism for coordinating the advancement of technology finance has been established, enabling the sharing of over 80,000 pieces of technology innovation information among financial institutions across the province [1]

新华财经济南1月23日电（记者贾云鹏）1月23日，中国人民银行山东省分行举行2025年山东省金融统计 数据新闻发布会。记者从会上获悉，截至2025年末，山东累计完成对69万笔、2.6万亿元贷款的明示综 合融资成本工作，笔数、金额均居全国首位。 山东还落实好结构性货币政策工具和贷款市场报价利率下调政策，引导企业贷款利率同比下行0.19个百 分点；推动银行优化金融产品和服务，推广首贷、信用贷、无还本续贷等业务；推动降低担保费率、应 急转贷费率等利息外费用，逐步形成了"对企明成本、银行优服务、政府促减免"的良好态势。 （文章来源：新华财经） 中国人民银行山东省分行货币政策处副处长楚晓光说，2024年9月起，山东作为首批试点省份率先在全 国开展明示企业贷款综合融资成本工作，目前已实现全省16个地市全覆盖，有效促进了中小企业融资成 本下降。 山东开展"一张贷款明白纸理清成本明细账"系列宣讲活动，通过政策解读和业务培训，提高银企双方明 示意愿和费用清单填报质量。同时，推动银行将明示工作嵌入贷款业务流程，在放贷过程中，帮助企业 明晰各项融资成本构成，优化融资决策，规避不合理收费，保障自身合法权益。 ...

纳林希里煤矿项目成功取得国家发展改革委核准批复和采矿许可证，正全速推进开工建设筹备工作；布 拉格煤矿矿区总规获得国家发展改革委批复，如期取得采矿许可证，产能置换承诺书待国家能源局复 函，项目核准等后续工作加速推进；板洞梁煤矿矿区总规环评补充报告顺利取得国家生态环境部复函； 达海庙煤矿取得勘查许可证，地质勘探施工全面完成；李家塔煤矿产能置换方案获得国家发展改革委批 复，为矿井后续产能有序释放提供了关键支撑。 在攻坚"破题"、真抓实干的强劲势头下，蒙能煤业公司项目建设投资规模实现大幅增长，累计完成投资 较煤炭板块重组时增长超过120%，彰显了企业深耕能源保供主责主业的坚定、韧性与活力。 安全生产形势持续向好，主要经营指标稳步攀升，项目前期工作扎实推进，减亏治亏行动多点突破…… 内蒙古能源集团煤炭板块始终坚持"稳中求进、守正创新、干字当头"，以有解思维主动破局攻坚克难， 在逆势承压中稳固发展基本盘，在大战大考中锤炼高素质队伍，在提质增效中蓄积高质量动能。 安全筑基以实干筑牢发展"压舱石" 安全是发展的生命线，更是企业的立身之本。内蒙古能源集团蒙能煤业有限公司（以下简称蒙能煤业公 司）将安全生产摆在战略核心位置，锚定 ...

Group 1 - The core viewpoint of the articles indicates that economists have maintained stable forecasts for the Eurozone's economic growth, inflation, and interest rates for 2026, with inflation hovering around the European Central Bank's (ECB) target of 2% [1] - It is anticipated that the ECB will keep the deposit rate unchanged at 2% during its meeting on February 5, marking the fifth consecutive time this rate will be maintained [1]

2025年，国网山西省电力公司开工建设1000千伏大同—天津南特高压外送通道，投产500千伏介休输变 电等一批重点工程，进一步提升了山西电网供电保障能力。 据国网山西省电力公司消息，2026年该公司将进一步加大投资力度，全年固定资产投资预计超180亿 元。在"十五五"规划开局之年，山西电网建设进入提速新阶段，将通过扩大有效投资、建强能源枢纽， 全力保障电力可靠供应，为山西推动高质量发展、深化全方位转型提供坚强电力支撑。 2026年，国网山西省电力公司将围绕补强山西电网网架结构，加快构建新型电力系统，服务山西建设新 型能源体系，推进特高压、电源送出和新能源汇集等系列重点工程。计划开工1000千伏长治—南阳二回 特高压和500千伏新荣等3项新能源汇集站工程，投产1000千伏大同特高压变电站、湖东电厂送出、同热 三期送出和500千伏大同东、忻州北、临汾东输变电等一批重点电网工程，预计将进一步增强电力资源 优化配置能力，更好地服务山西能源绿色低碳转型和经济社会高质量发展。 （文章来源：新华财经） ...

寒潮带来的雨雪天气给电网安全稳定运行带来挑战。国网山西省电力公司运用观冰精灵、在线观冰、无 人机除雪、直流融冰等多元方式，全力守护电网安全稳定运行，保障电力可靠供应。在晋城500千伏变 电站，国网山西省电力公司启动直流融冰车，对220千伏城曲Ⅱ回覆冰区段线路实施直流融冰。在长 治，国网山西超高压输电公司运维人员使用无人机搭载敲冰棒，对1000千伏长南一线进行高效除冰。 据了解，针对近年来气候的变化，国网山西省电力公司加快提升电网防灾抗灾能力，对97条途经微地形 微气象区的输电线路实施了防冰改造，为315条线路加装观冰精灵437套。在此次应对寒潮雨雪天气的过 程中，国网山西省电力公司出动特巡人员千余人、车辆351台、无人机126架，特巡输电线路2300千米， 对3条线路开展直流融冰，对12条线路实施无人机除雪，对2条线路进行人工除冰，全力保障电网安全稳 定运行。 受强冷空气持续影响，1月21日，山西电网最大用电负荷达到4469.4万千瓦，创历史新高。国网山西省 电力公司多措并举，全力满足人民群众温暖过冬用电需求，目前，山西电网运行平稳，电力供应安全可 靠。 面对寒潮降温考验，国网山西省电力公司密切跟踪天气变化， ...

近两日金银价格再度大幅飙升。周四（1月23日），国际金价开盘4831.25美元，收盘报4935.96美元，全 天波幅168.93美元，上涨102.56美元，涨幅2.12%。金价本月突破去年4550美元高位并企稳之后，处于 加速上行期，5000美元技术目标正从预期向现实转变。 目前，金价已经强力穿越4852-4937美元的宽幅阻力区，4895美元、以及4852美元左右转变为当前主要 支撑位。均线及布林带系统显示，金价已经远离均线并且运行于布林带上轨以外，连续沿布林带上轨运 行形态充分表明金价仍然处于加速阶段，但是，也存在较强的回撤修正需求。但在当前的强势环境下， 任何的回落调整都可能吸引新的买盘入场。 综合判断，目前金价强势格局没有改变，而且处于加速上行阶段，如果金价守稳4895美元、以及4852美 元两处支撑，则可能冲击5000美元整数大关。需要留意的是，5000美元重要的心理关口附近金价仍存在 剧烈震荡的可能，避免追涨，谨防高位回落风险。下方等待4895美元、以及4852美元附近止跌的机会。 （作者系北京黄金经济发展研究中心研究团队） 【黄金时间】是由新华财经与中国黄金报社共同打造的一档聚焦黄金珠宝市场的专 ...

新华财经东京1月23日电 日本央行23日在结束为期两天的货币政策会议后宣布，维持现行利率水平不 变，将2026财年（2026年4月至2027年3月）通胀预期由1.8%上调至1.9%。 （文章来源：新华财经） 日本央行当天发表公告说，央行决定在下次议息会之前将政策利率（无担保隔夜拆借利率）保持在 0.75%左右。公告显示，出席货币政策会议的9名央行审议委员意见出现分歧，审议委员高田创加息至 1.0%的提议遭到其他8名审议委员的否决。 日本央行当天同时发表经济与物价形势展望报告，将2025财年日本经济增长预期上调至0.9%，2026财 年预计经济增幅为1.0%。 关于日本物价形势，央行认为，2026年上半年随着大米等食品价格回落，物价涨幅或回落至2%以下， 全年来看物价仍将呈缓慢上涨态势。央行继续将2025财年通胀预期维持在2.7%，同时将2026财年通胀 预期由1.8%上调至1.9%。 由于日本首相高市早苗为了赢得即将举行的众议院选举近日再次释放减税信号，导致日本债市汇市出现 剧烈震荡，日元急剧走软，长期利率大幅上扬。当天，市场高度关注日本央行行长植田和男在记者会上 的表态，日本央行是否被迫放缓货币政策正常化步 ...

Core Viewpoint - UK retail sales showed a rebound during the key holiday season, with consumer confidence seemingly boosted by the Labour government's budget announcement in November last year [1] Group 1: Retail Sales Performance - In December, the seasonally adjusted retail sales in the UK recorded a month-on-month increase of 0.4%, ending a two-month decline [1] - This performance exceeded economists' expectations, who had predicted sales would remain flat for the month [1] Group 2: Government Budget Impact - The budget announced by UK Chancellor Reeves on November 26 included tax increases, but most measures were not as severe as anticipated and will take effect later in Parliament [1] Group 3: Online Retail Trends - Online retail, particularly in jewelry, performed strongly in December, indicating higher demand for gold and silver [1]