Core Viewpoint - The Ministry of Transport anticipates an increase in the proportion of electric vehicle travel during the Spring Festival, prompting preemptive measures to enhance charging services for electric vehicle owners [1][2]. Group 1: Charging Infrastructure and Services - The Ministry of Transport has developed a list of service areas with high charging demand and created tailored service guarantee plans for each area [1]. - Measures to improve charging services include the addition of mobile emergency charging equipment, utilizing charging facilities near highway entrances, and optimizing charging times for individual vehicles [1]. - As of the end of 2025, the number of electric vehicle charging guns at highway service areas is expected to reach 71,500, with 20,000 new installations planned for 2025 [2]. Group 2: Information Accessibility - The 'e Road Smooth' mini-program will be upgraded to allow vehicle owners to check the status of charging stations in real-time across the national highway network [1]. - Dynamic updates on charging facility status will also be provided through variable message signs on highways, service area information screens, and navigation software [1]. Group 3: Electric Vehicle Ownership - By the end of 2025, the total number of electric vehicles in the country is projected to reach 43.97 million, with 12.93 million new registrations in 2025 [1].

1月29日早间，现货黄金快速突破5500美元，最高逼近5600美元，再度刷新纪录。过去4个交易日，现货 金价已连破每盎司5000美元、5100美元、5200美元、5300美元、5400美元、5500美元这6道整百关口。 国际金价的上涨传导至国内市场，29日早间，国内部分主流金饰品牌报价刷新至1700元／克，创下历史 新高，单日上涨百元左右。 "本轮涨势的主要驱动力来自避险买盘，背后则是美国政策环境的不确定性和不可预测性上升，包括地 缘政治问题的不确定性、围绕美联储独立性的潜在压力，以及对美国财政前景、债务负担和政治极化加 剧的担忧。"程小勇说，多重风险叠加下，贵金属作为避险资产的配置需求明显增强。 程小勇进一步表示，贵金属的持续上涨意味着市场不仅在定价地缘政治风险，更在交易"货币贬值"预 期，投资者纷纷寻求避险资产，传统避险资产美债则因美国信用的削弱和其破坏国际秩序的举动而遭到 抛售。 华安基金指数与量化投资部基金经理助理、首席黄金研究员周泓灏在接受新华财经采访时表示，多重不 确定性交织，共同推升了黄金行情。一方面，在1月美联储议息会议上，美联储主席鲍威尔再次强调维 护美联储独立性，而新一任美联储主席人选仍悬 ...

Core Insights - The Chengdu metropolitan area is projected to achieve a GDP of 31,310.2 billion yuan in 2025, with a year-on-year growth of 5.8%, surpassing the provincial average by 0.3 percentage points, and accounting for 46.3% of Sichuan's total GDP [1][2] Economic Performance - Chengdu leads with a GDP of 24,763.6 billion yuan, while Meishan shows impressive growth with a GDP of 2,008.72 billion yuan; Deyang and Ziyang also progress steadily with GDPs of 3,387.1 billion yuan and 1,150.8 billion yuan, reflecting year-on-year growth rates of 5.4% and 5.8% respectively [1] - The industrial added value of the Chengdu metropolitan area is expected to grow by 7.4% year-on-year, exceeding the provincial growth rate by 0.9 percentage points, indicating strong momentum and complementary dynamics among the cities [2] Industrial Development - The metropolitan area is focusing on industrial collaboration, with nine key industrial chains projected to exceed a combined output of 12,000 billion yuan, and over 2,860 cross-city cooperative enterprises established [1] - Notable industrial growth includes Chengdu's new energy vehicles and lithium-ion batteries, with production increasing by 181.0% and 33.9% respectively; Deyang's electronic and communication equipment manufacturing rising by 44.9%; Meishan's lithium battery growth at 31.1%; and Ziyang's electronic information industry growing by 40.1% [2] Investment and Consumption - Fixed asset investment in the Chengdu metropolitan area is expected to grow by 1.8% year-on-year, outpacing the provincial growth rate by 4.2 percentage points [2] - The total retail sales of consumer goods in the metropolitan area are projected to reach 13,790.5 billion yuan in 2025, with a year-on-year growth of 5.4%, also exceeding the provincial average by 0.3 percentage points, and representing 47.3% of Sichuan's total [2]

新华财经北京1月29日电债市周四（1月29日）延续横盘整理，上日"小作文"一度改善交投情绪，但午后 期限券重回偏弱波动，国债期货全线收跌，银行间现券收益率上行幅度在0.5BP以内；公开市场单日净 投放1438亿元，资金利率走势有所分化。 业内人士认为，资金面本周较为平稳，料跨月流动性压力有限。传言中针对银行的"隔夜逆回购"措施， 机构认为有一定可能，但关键还在于其定位。总体而言，此次传闻对债市更多是情绪上的扰动，趋势性 利好有限。 【行情跟踪】 国债期货收盘多数上涨，30年期主力合约涨0.07%报112.17，10年期主力合约涨0.06%报108.25，5年期 主力合约涨0.01%报105.875，2年期主力合约持平于102.394。 亚洲市场方面，日债收益率上行居多，仅超长端收益率延续回落，5年期和10年期日债收益率上行1.3BP 和1.7BP，30年期日债收益率下行1BP。 欧元区市场方面，当地时间1月27日，10年期法债收益率涨0.1BP报3.435%，10年期德债收益率涨0.8BP 报2.873%，10年期意债收益率涨0.3BP报3.467%，10年期西债收益率涨0.2BP报3.229%。其他市场方 ...

Core Insights - The World Gold Council's report indicates that China's gold investment and consumption demand is projected to reach 274 tons in Q4 2025, marking an 18% year-on-year increase and a significant 60% rise from Q3, making it the second-best Q4 performance since 2016 [1] - Total gold demand for the year 2025 is expected to hit 1,003 tons, a 6% increase year-on-year, representing the highest level since 2021. In monetary terms, the demand will reach a record high of 796 billion RMB (approximately 111 billion USD), a staggering 53% increase year-on-year [1] Segment Analysis - In Q4 2025, gold jewelry demand in China is expected to decline, with a 3% decrease quarter-on-quarter and a 23% drop year-on-year, totaling 82 tons. For the entire year, jewelry demand is projected at 360 tons, down 25% year-on-year. However, consumer spending on jewelry in Q4 will reach 77.8 billion RMB (approximately 11 billion USD), a 19% year-on-year increase, with total annual spending at 281.4 billion RMB (approximately 39.4 billion USD), an 8% increase [3] - Conversely, gold investment demand remains strong, with gold bar and coin demand expected to surge by 61% quarter-on-quarter and 42% year-on-year, reaching 119 tons in Q4. For the full year, investors are projected to purchase 432 tons of gold bars and coins, a 28% increase from 2024, marking a historical high [3] - In Q4, China's gold ETFs saw an inflow of 51 billion RMB (approximately 7.2 billion USD, 54 tons), setting a record for quarterly inflows. The total annual inflow for gold ETFs is expected to reach 110 billion RMB (approximately 15.5 billion USD, 133 tons), with assets under management (AUM) skyrocketing by 243% to 241.8 billion RMB (approximately 34.6 billion USD) and holdings doubling to 248 tons, both achieving historical highs [3] - The People's Bank of China (PBoC) increased its gold reserves by 2.8 tons in Q4, bringing the total to 2,306 tons, which constitutes 8.5% of its total foreign reserves. Throughout 2025, the PBoC's gold purchases remained consistent, totaling 27 tons for the year [4]

新华财经南宁1月29日电（记者范超）记者29日从广西南宁举行的2025年广西金融运行情况新闻发布会 上了解到，2025年广西支持上市公司用好"并购六条"、市值管理等政策工具，通过回购增持、现金分红 等方式持续提升企业投资价值和市场吸引力，上市公司总市值较上年末增长25%。 截至2025年12月末，广西共有A股上市公司42家，新三板挂牌公司33家，IPO在审企业4家，辅导备案企 业9家。2025年1至12月，广西企业通过资本市场直接融资845.83亿元，同比增长74.31%。根据沪深证券 交易所发布的数据，2025年1至12月，广西证券交易额为14.27万亿元，同比增长27.11%。 （文章来源：新华财经） 数据显示，2025年，广西有9家上市公司实施增持、回购合计41.42亿元，8家公司申请回购增持专项贷 款46.85亿元，23家公司实施现金分红41.08亿元，1家公司完成重大资产置换，2家公司长期破净问题得 到解决，上市公司总市值较上年末增长25％。 ...

Core Viewpoint - The Sci-Tech Innovation Board experienced significant declines on January 29, with both major indices opening lower and continuing to drop throughout the day, ultimately closing with substantial losses [1]. Group 1: Index Performance - The Sci-Tech 50 Index closed at 1507.64 points, down 3.03%, with a total trading volume of approximately 986 billion [1]. - The Sci-Tech Composite Index closed at 1831.10 points, down 2.63%, with a total trading volume of about 3100 billion, showing a slight decrease compared to the previous trading day [1]. - Approximately 83.33% of the 500 stocks on the Sci-Tech Board declined, indicating a broad market downturn [1]. Group 2: Sector Performance - Within the sectors, a few software service stocks showed relative strength, while stocks in the semiconductor, components, electrical equipment, and specialized machinery sectors generally experienced declines [1]. Group 3: Stock Performance - On an individual stock basis, Sikan Technology saw the highest increase, rising by 15.08%, while *ST Guandian faced the largest drop, falling by 19.94% [2]. - The average decline for the remaining 600 stocks on the Sci-Tech Board, excluding suspended stocks, was 2.22%, with an average turnover rate of 3.74% [1]. Group 4: Trading Volume and Turnover Rate - Lanke Technology had the highest trading volume at 100.44 billion, while Wandesi recorded the lowest at 17.34 million [3]. - Hengyun Chang achieved the highest turnover rate at 43.32%, whereas Longteng Optoelectronics had the lowest at 0.26% [3].

Core Viewpoint - The Tokyo stock market experienced a slight increase on January 29, with the Nikkei 225 index rising by 0.03% and the Tokyo Stock Exchange index increasing by 0.28% despite initial concerns over potential U.S. government shutdowns and poor performance from major stocks like Fast Retailing [1][2]. Group 1: Market Performance - The Nikkei index closed up by 16.89 points at 53,375.60 points, while the Tokyo Stock Exchange index rose by 9.81 points to 3,545.30 points [2]. - Early trading saw the Nikkei index drop over 300 points due to investor concerns, but later gains were driven by strong performances from semiconductor equipment manufacturer Advantest and large machinery parts manufacturer THK [1][2]. Group 2: Sector Performance - Most of the 33 industry sectors on the Tokyo Stock Exchange saw increases, with notable gains in the oil and coal products, transportation machinery, and mining sectors [2]. - Conversely, sectors such as services, retail, and other products experienced declines [2].

Core Viewpoint - The article emphasizes the role of stable and reliable electricity in supporting the development of regional特色产业, such as smart agriculture and advanced manufacturing, thereby driving high-quality economic growth [1]. Group 1: Agricultural Sector Support - Stable electricity is becoming a crucial support for the modernization and scaling of特色农业 in various regions, such as in Shandong's Liaocheng, where customized power services are provided to oil peach growers [2]. - The "Rainbow Service Team" was established by the State Grid Liaocheng Power Supply Company to offer tailored power solutions, ensuring safety and efficiency in electricity use for oil peach greenhouses [2]. - In Guangxi's Liuzhou, modern irrigation and automation equipment in the kumquat planting industry have improved operational efficiency, showcasing the convenience brought by reliable electricity [2][3]. Group 2: Integration of Power Supply and Industry - The Southern Power Grid's Liuzhou branch has implemented a three-party linkage mechanism involving power supply managers, government grid staff, and industry advisors to ensure rapid response to electricity needs in the kumquat industry [3]. - The company aims for a 99.9% compliance rate for electricity service timelines by 2025 and guarantees 100% temporary electricity supply during peak kumquat sales seasons [3]. - In Laibin, a key sugarcane production area, the local power supply bureau is accelerating grid upgrades to meet the electricity demands of the sugar industry [3]. Group 3: Manufacturing Sector Support - The manufacturing sector's growth is supported by stable electricity and proactive services, as seen in Shandong's Boyuan Precision Machinery Company, which plans to install solar panels to meet 20% of its electricity needs [4]. - The State Grid Liaocheng Power Supply Company has formed a "Project Steward" team to assist in the construction of power supply projects, ensuring timely completion and operational efficiency [4][5]. - In Chengdu's high-tech zone, companies like Tianma Microelectronics require stable power for their advanced production lines, prompting the Chengdu Power Supply Company to develop tailored power quality assurance plans [5]. Group 4: Enhancements in Power Supply Services - The Chengdu Power Supply Company has implemented a four-level power quality improvement initiative to ensure stable electricity supply for critical manufacturing processes [5]. - The company has also optimized the internal power distribution system and established a rapid response mechanism for electricity issues, enhancing the competitiveness of local enterprises [5]. - New dynamic reactive power compensation devices have been installed to improve voltage stability in the regional grid, further supporting the development of electronic information industries [5].

（文章来源：新华财经） 新华财经上海1月29日电上海市财政局、国家税务总局上海市税务局、上海市房屋管理局29日公布关于 延长《关于本市开展对部分个人住房征收房产税试点若干问题的通知》有效期的通知。通知称，经评 估，《关于本市开展对部分个人住房征收房产税试点若干问题的通知》（沪财发〔2020〕18号）需继续 实施，有效期延长至2031年1月27日。 ...