（文章来源：新华财经） 据巴西农业部下属的国家商品供应公司CONAB，截至1月17日，巴西大豆播种率为98.6%，上周为 98.2%，去年同期为98.9%，五年均值为98.7%；巴西大豆收割率为2.3%，上周为0.6%，去年同期为 1.2%，五年均值为3.2%。 ...

新华财经北京1月20日电 据中国驻刚果民主共和国大使馆消息，近期，刚果（金）政府加大手采矿行业 整治力度，出台一系列新规推动手采矿行业规范化、正规化，并对相关违法行为进行惩治，部分中国公 民因违反相关法律法规受到惩处。中国驻刚果（金）使馆再次严肃提醒在刚中国公民严格遵守当地法 律，如从事矿业活动，须在刚主管部门登记注册，通过合法手段申办许可证，开采前应依法获得勘探许 可和开采许可，遵守税务、用人和环保等方面要求，合法开展相关活动。中国公民不得直接参与手工采 矿环节，严禁盗采以及收购、加工来源不明的非法矿物，禁止开采或收售已有明确归属的矿区产出矿 物，确保收矿、加工环节矿石来源透明、合法，避免引起纠纷。 请在刚中国公民、企业和机构密切关注当地安全形势，坚决杜绝麻痹思想和侥幸心理，加强安全防范和 应急准备，确保人身和财产安全。如遇紧急情况，请及时报警并与中国驻刚果（金）使馆取得联系。 （文章来源：新华财经） ...

Core Insights - The ETF market has recently experienced record outflows, with broad-based ETFs seeing over 200 billion yuan in outflows in a single week, while sector and thematic ETFs in technology and cyclical sectors continue to attract inflows [1] Group 1: Market Trends - The outflow of funds from broad-based ETFs indicates a significant market adjustment, which may help temper market sentiment and promote rationality in capital market operations [1] - Small-cap stocks have been less impacted by the outflows, while sectors such as banking, food and beverage, coal, and non-bank financials have faced greater challenges [1] Group 2: Investment Recommendations - The current investment strategy suggests focusing on broad-based products like the ChiNext 50, ChiNext Index, Double Innovation 50, and CSI 1000 ETFs, as well as thematic products in new energy, non-ferrous metals, agriculture, pharmaceuticals, and medical devices [1]

国际货币基金组织（IMF）19日在比利时首都布鲁塞尔发布《世界经济展望报告》更新内容，小幅上调 2026年世界经济增长预期。IMF指出，贸易紧张局势、地缘政治冲突加剧等不确定性因素仍可能对全球 经济活动造成更大压力。 报告预计，2026年世界经济将增长3.3%，较去年10月预测值上调0.2个百分点；2027年将增长3.2%，与 去年10月预测值持平。 IMF指出，全球经济面临美国引发的重大贸易干扰和不确定性，但得益于财政刺激力度高于预期、金融 环境宽松、私营部门灵活应对以及政策框架改善等多重因素，仍展现出一定韧性。 报告预计，全球总体通胀率将从2025年的4.1%降至2026年的3.8%，2027年进一步降至3.4%。 资讯编辑：沈一冰 021-26093395 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息 ...

Core Viewpoint - In 2025, under the guidance of the People's Bank, the Trading Association will comprehensively investigate various violations, focusing on new typical cases, non-market-based issuance, and illegal trading, while continuously improving the self-regulatory rule system and promoting the mutual enhancement of business norms and self-regulatory enforcement [1] Group 1: Self-Regulatory Disciplinary Actions - In 2025, the Trading Association imposed self-regulatory penalties on 143 instances involving 108 institutions, with 79 institutions receiving measures for minor violations [1] - The self-regulatory penalties exhibited five characteristics, including the timely curtailment of new types of violations to prevent a "broken window" effect [1] Group 2: Focus on Structured Issuance Violations - A total of 44 institutions involved in structured issuance violations were penalized, accounting for 41% of the total penalized institutions, with 12 smaller institutions receiving self-regulatory measures [2] - The involved institutions included issuers, private equity funds, trust companies, and securities firms, with some issuers and private institutions facing severe penalties for rebates exceeding ten million [2] Group 3: Trading Violations - 32 institutions were penalized for trading violations, representing 30% of the total penalized institutions, including 9 rural commercial banks and 7 asset management companies [2] - Violations included price manipulation, benefit transfer, account lending, profit and loss adjustment, trading defaults, and illegal trading participation [2] Group 4: Information Disclosure and Fund Management - There was a sustained focus on information disclosure and fundraising compliance, with special investigations into platform companies misusing raised funds and other irregularities [2] - 20 institutions were penalized for issues related to fundraising and asset transfer violations, covering issuers, accounting firms, credit enhancement institutions, and fund supervision banks [2] Group 5: Improvement of Self-Regulatory Rules - The self-regulatory rules were continuously improved, with three specific notices issued to regulate issues such as distorted pricing, non-market-based issuance, and low-price underwriting [3] - The trading process was enhanced with revised self-regulatory rules, detailed transaction information retention guidelines, and valuation business directives [3]

Core Insights - The report from the Central Securities Depository indicates that as of December 2025, foreign institutions held a total of 2.75 trillion yuan in bonds [1] - The "Global Connect" channel accounted for 2.14 trillion yuan, representing 77.58% of the total holdings [1] Group 1: Bond Holdings - Foreign institutions primarily held government bonds amounting to 2.01 trillion yuan, which is 72.89% of their total holdings [2] - Policy bank bonds held by foreign institutions totaled 712.9 billion yuan, making up 25.9% of the total [2] Group 2: Trading and Settlement - In December 2025, the total trading and settlement volume for foreign institutions at the Central Securities Depository was 1.32 trillion yuan [3] - The "Global Connect" channel had a cash trading and settlement volume of 328.1 billion yuan and a repurchase trading volume of 383.5 billion yuan, totaling 711.6 billion yuan [3] - The "Bond Connect" channel recorded a cash trading and settlement volume of 579.1 billion yuan and a repurchase trading volume of 25.7 billion yuan, totaling 604.8 billion yuan [3] Group 3: Market Participation - As of December 2025, foreign institutions held 3.46 trillion yuan in the interbank bond market, accounting for approximately 2.0% of the total market [6] - Six new foreign institutional entities entered the interbank bond market in December, bringing the total to 1,189 foreign institutions [6]

Group 1 - The core viewpoint of the articles highlights the rising prices of precious metals, particularly gold and silver, driven by geopolitical tensions and increased demand for safe-haven assets [1][2]. - On January 19, 2026 gold futures rose by 1.77%, closing at $4,676.70 per ounce, while silver futures for March delivery increased by 6.49%, closing at $94.28 per ounce [1][3]. - The announcement by U.S. President Trump regarding the imposition of tariffs on goods from several European countries has heightened concerns over transatlantic trade relations, further boosting the demand for precious metals [1]. Group 2 - The World Economic Forum's latest report indicates that global economic leaders view geopolitical economic confrontation as the primary risk for the year, which may contribute to sustained strong upward momentum in precious metal prices [2]. - The market sentiment has shifted from focusing solely on growth or inflation to prioritizing policy uncertainty as a key driver, suggesting potential volatility in the precious metals market [1].

【资讯导读】 ·IMF上调2026年全球增长预期 AI投资成关键引擎 ·欧盟紧急峰会应对美关税威胁 ·美联储主席罕见出庭捍卫央行独立性 ·欧盟将于1月22日召开紧急峰会，商讨美国总统特朗普拟对反对美国获取格陵兰岛的欧洲国家加征关税 的应对策略，并评估对价值930亿欧元美国商品实施报复性关税的可行性。 ·美联储主席鲍威尔将于周三出席美国最高法院一场关于总统是否有权罢免美联储理事库克的口头辩 论。此举极为罕见，凸显该案件对美联储制度独立性的潜在威胁。 ·日本首相高市早苗宣布1月23日正式解散众议院，选举将于1月27日公告、2月8日投计票。她同时表示 将加速推进《安保三文件》修订进程，强化国家安全战略。 ·巴西财政部长哈达德表示，卢拉政府正推动经济开放以应对国际局势紧张，并向特朗普提出在产业 链、科技、生物燃料及稀土等领域开展互利合作，强调任何协议必须尊重巴西主权，拒绝长期充当原材 料出口国。 ·印度央行建议将金砖国家间数字货币互联用于跨境支付，并已要求政府将该提案纳入2026年金砖国家 峰会正式议程，旨在提升新兴经济体金融自主性。 ·摩根大通将新兴市场货币整体评级由"增持"下调至"中性"，理由是经历一年强劲上涨后 ...

中央气象台1月19日18时继续发布寒潮黄色预警，同时发布冰冻黄色预警和暴雪黄色预警。为应对寒潮 天气过程，多地启动应急响应机制，积极做好供暖、交通出行、应急抢险等保障，筑牢民生温暖防线。 19日，北京在冷冽的寒风中开启新的一周。据气象部门消息，北京的气温从16日20时起跌破冰点，截至 19日9时，气温低于0摄氏度的状态已经超过60个小时。受持续补充冷空气影响，本周北京气温将持续低 迷，预计23日左右开始缓慢回升。 记者从北京市城市管理委员会了解到，为应对此次降雪及降温天气，北京城市热网已于17日起逐步升 温，在保障安全的前提下，稳步提升供热参数，确保供热稳定。 自18日起，河南多地迎来大范围低温雨雪冰冻天气。记者从河南省交通运输厅获悉，河南交通部门按照 不少于应对5轮大雪的物资储备要求，全力开展除雪保通作业。全省高速公路211个应急物资储备点全面 启用，217支抢险队伍、6711名养护人员整装待命；1040台多功能除雪车、327台撒布机等大型设备以及 7.1万余吨融雪剂、5000余吨防滑料已配置至关键点位，确保"拉得出、用得上"。 记者从重庆市防灾减灾救灾委员会获悉，重庆市于19日14时针对酉阳县、黔江区等1 ...

Group 1 - Premier Li Qiang emphasized the importance of high-quality development, advocating for a more proactive fiscal policy and moderately loose monetary policy to achieve significant breakthroughs in qualitative improvements [2] - The Supreme People's Procuratorate announced strict measures against financial fraud and market manipulation to maintain the safety of the capital market [2] - The People's Bank of China lowered the re-lending and rediscount rates by 0.25 percentage points, marking the first structural "rate cut" of the year [2] Group 2 - The China-U.S. Chamber of Commerce reported an increase in optimism among U.S. companies regarding market growth in China, with over half expecting to achieve significant profits [2] - The International Monetary Fund (IMF) raised China's economic growth forecast for 2025 by 0.2 percentage points to 5% [2] - The National Bureau of Statistics indicated a decline in housing prices in major cities, with first-tier cities experiencing a month-on-month decrease in new residential prices [2] Group 3 - Germany announced a subsidy of up to €6,000 for families purchasing new electric vehicles to boost its domestic electric vehicle industry [3] - The IMF updated its global economic outlook, slightly raising the growth forecast for 2026 while highlighting ongoing uncertainties due to trade tensions and geopolitical conflicts [3] - Japan's Cabinet Office reported a significant decline in core machinery orders, indicating potential challenges in private sector investment [3]