Core Viewpoint - The Central Bank of Turkey has lowered the one-week repo rate by 100 basis points to 37%, indicating a continued easing of monetary policy despite ongoing inflation concerns [1][3]. Monetary Policy Actions - The Central Bank's decision to reduce the policy rate from 38% to 37% reflects a commitment to maintain a tight monetary policy stance until price stability is achieved [3]. - The bank will adjust the policy rate based on actual inflation data, fundamental trends, and expectations to align with medium-term targets [3]. - Following the announcement, Turkey's main banking index fell by over 2% [3]. Historical Context - The Central Bank has a history of rate cuts, having reduced the policy rate from 43% in July 2025 to 37% in January 2026, with several significant cuts occurring throughout 2025 [4]. - The recent rate cut continues a trend of easing that began in mid-2025, with cumulative reductions totaling 1,000 basis points over several months [4]. Economic Outlook - Turkey has allocated 1.92 trillion lira (approximately $443.6 billion) for public investment projects in 2026, covering 3,857 major projects with a total estimated cost of 13.99 trillion lira [5]. - The International Monetary Fund (IMF) has raised its growth forecasts for Turkey, projecting a 4.2% growth in 2026 and 4.1% in 2027, up from previous estimates of 3.7% [5]. - The IMF highlighted a significant difference between service and goods inflation, noting that service prices are more resilient to exchange rate shocks but exhibit persistent inflation patterns [5].

【导读】商务部等9部门发布关于促进药品零售行业高质量发展的意见 1月22日，商务部、国家发展改革委、工业和信息化部、国家卫生健康委、市场监管总局、金融监管总局、国家医保局、国家中医药局、国家药监局发布 《关于促进药品零售行业高质量发展的意见》（以下简称《意见》）。 为推动药品零售行业专业化、集约化、数字化、规范化发展，从"药品销售终端"转型为服务人民医药健康需求的"健康驿站"，《意见》围绕完善药事服 务、创新健康服务、强化应急服务、优化行业结构、规范行业秩序等五个方面提出18项具体举措。 基金君整理要点如下： 商务部等9部门关于促进药品零售行业高质量发展的意见 药品零售行业是国家医药卫生事业的重要组成部分，关系人民健康和生命安全。为贯彻落实党中央、国务院有关决策部署，强化药品零售行业专业服务、 健康促进、应急保供等功能，打造更好服务人民医药健康需求的"健康驿站"，现提出如下意见： 一、总体要求 坚持以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十大和二十届历次全会精神，坚持政府引导与市场主导相结合、创新驱动与规范发展 并重，积极优化政策环境，培育和壮大经营主体，推动药品零售行业专业化、集约化、数字化 ...

Group 1 - EQT announced the acquisition of Coller Capital for a base consideration of $3.2 billion, marking a significant move in the private equity secondary market [1][3] - Coller Capital recently completed its largest fund, Coller International Partners IX (CIP IX), with a total size of $14.2 billion, and manages assets totaling $50 billion [1][3] - The acquisition is part of EQT's strategy to expand its presence in the rapidly growing secondary market, which saw a 41% increase in transaction volume to $226 billion in 2025, with expectations to double by 2030 [3] Group 2 - The transaction will involve EQT acquiring 100% of Coller Capital's management company and controlling the general partner entity of Coller Capital funds, including a 10% performance fee from CIP IX [3][4] - The deal is subject to regulatory approval and consent from Coller Capital's fund investors, with an expected completion in Q3 2026 [4] - Following the acquisition, a new business platform named "Coller EQT" will be established, maintaining independent investment processes while integrating into EQT's existing structure [4]

中国基金报记者 忆山 1月21日晚间，申通快递发布关于诉讼事项的公告称，公司实控人之一陈小英被前夫奚春阳告上法院，要求分得超2000万股股份。截至1月21日收盘，申通 快递每股报13.78元。按此估算，奚春阳希望分得的股份市值约2.8亿元。 前夫要求分得超2000万股股份 公告显示，公司于近日收到玉环市人民法院送达的《民事起诉状》《应诉通知书》等有关诉讼材料，自然人奚春阳以股东资格确认纠纷为由对公司、公司 实际控制人之一陈小英提起民事诉讼。 原告奚春阳认为，直接登记在陈小英名下的公司40568472股，系双方离婚时约定分割的特定夫妻共同财产并经重组上市而转化形成的财产之一。根据双方 离婚时对财产分割的约定，公司与陈小英均应就前述40568472股的50%（即20284236股）归属于原告，并向中国证券登记结算有限责任公司申请办理非交 易过户至原告奚春阳名下的手续。 公开资料显示，陈小英出生于1976年，为申通快递的创始人之一。1993年，她与第一任丈夫聂腾飞等人在杭州创办了神通综合服务部，不久后成立上海盛 彤实业有限公司，为申通快递前身。 1998年，聂腾飞因车祸离世，陈小英和哥哥陈德军接手申通快递，并在20 ...

Group 1 - A number of high-performing funds have disclosed their quarterly reports, revealing their investment strategies focusing on AI, non-ferrous metals, dividends, and new consumption [2][5] - The AI industry is currently considered the most prosperous sector, with expectations for accelerated development in domestic computing power, models, and applications by 2026 [3][22] - The construction of global data centers is driving demand for commodities like copper and aluminum, influenced by ongoing investments in AI in North America [7][12] Group 2 - The fund "Hongtu Innovation Emerging Industry" reported a stock position of 87.85% as of the end of last year, with significant increases in holdings of stocks like Yuanjie Technology and Zhongji Xuchuang [5][6] - The fund achieved a net value growth rate of 148.64% in 2025, ranking third among actively managed equity funds [5] - The fund manager, Liao Xinghao, emphasized the impact of AI on the global economy and the expected recovery in the semiconductor and consumer electronics sectors due to supportive policies [7][12] Group 3 - The "Hengyue Advantage Select" fund reduced its exposure to certain sectors while maintaining a stock position of 92.20%, with significant increases in holdings of stocks like Dongshan Precision and Demingli [9][10] - This fund achieved a net value growth rate of 147.85% in 2025, ranking fourth among actively managed equity funds [12] - The fund manager, Wu Haining, noted the increasing influence of storage chip companies and the optimization of their profit models due to AI demand [12] Group 4 - The "Xinao Performance Driven" fund reported a net value growth rate of 143.09% in 2025, ranking fifth among actively managed equity funds [14] - The fund manager, Liu Xiaoming, highlighted the growing focus on AI-related sectors and the potential for investment opportunities in metals like gold and copper [16] - The fund reduced its holdings in stocks like Zhongji Xuchuang and New Yi Sheng, with a notable reduction of 32.10% in Zhongji Xuchuang [14] Group 5 - The "Huatai Bairui Quality Select" fund maintained a stock position of 89.56% and focused on overseas computing power leaders and upstream sectors [18][19] - This fund achieved a net value growth rate of 136.79% in 2025, ranking well among actively managed equity funds [21] - The fund manager, Chen Wenkai, expressed confidence in the domestic AI sector's growth trajectory and highlighted three promising sub-sectors: light industry brands going global, high-end manufacturing, and new consumption [22][23]

【导读】外资银行加速布局，汇丰中国落地首单本地公募基金托管业务 外资银行加速布局基金托管业务 中国证券投资基金业协会数据显示，截至2025年11月底，境内公募基金管理机构共165家，公募基金资 产净值合计37.02万亿元。托管业务作为资管生态链的关键环节，战略价值日益凸显。 记者从汇丰中国处了解到，该行此次作为托管银行，为易方达基金管理有限公司港股通消费混合型证券 投资基金提供了包括资金清算、资产估值、合规监督等在内的托管服务。 据悉，该基金也是易方达基金首只由外资银行托管的境内公募基金产品。此外，汇丰中国还是该基金首 次公开募集的代销银行之一。 汇丰中国副行长兼资本市场及证券服务部联席总监张劲秋表示："中国已成为全球第二大资产和财富管 理市场，大资管行业发展机遇广阔。汇丰加入公募基金托管这一黄金赛道，将发挥外资托管行'本地+全 球'的服务能力，积极支持中国本地基金的全球资产配置和海外业务布局，同时，推动全球资管机构深 耕中国市场，以跨境服务资源支持中国资本市场高质量发展。" 易方达基金副总裁王骏表示："近年来，公募基金行业正在加快实现高质量发展，此次与汇丰中国合 作，成功发行易方达基金首只由外资银行托管的境 ...

（文章来源：中国基金报） 针对美国领导人在瑞士达沃斯发表关于中国风力发电机的言论，外交部发言人郭嘉昆22日在例行记者会 上答问时表示，中国在应对气候变化、推动全球可再生能源发展应用方面所做努力有目共睹。作为负责 任发展中大国，中方愿同各方一道继续推动全球绿色低碳转型，共同建设清洁美丽的世界。 ...

【导读】申通实控人陈小英被前夫起诉，要求分得超2000万股股份 1月21日晚间，申通快递发布关于诉讼事项的公告称，公司实控人之一陈小英被前夫奚春阳告上法院，要求分得超2000万股股份。截至1月21日收盘，申通 快递每股报13.78元。按此估算，奚春阳希望分得的股份市值约2.8亿元。 前夫要求分得超2000万股股份 公告显示，公司于近日收到玉环市人民法院送达的《民事起诉状》《应诉通知书》等有关诉讼材料，自然人奚春阳以股东资格确认纠纷为由对公司、公司 实际控制人之一陈小英提起民事诉讼。 原告奚春阳认为，直接登记在陈小英名下的公司40568472股，系双方离婚时约定分割的特定夫妻共同财产并经重组上市而转化形成的财产之一。根据双方 离婚时对财产分割的约定，公司与陈小英均应就前述40568472股的50%（即20284236股）归属于原告，并向中国证券登记结算有限责任公司申请办理非交 易过户至原告奚春阳名下的手续。 公开资料显示，陈小英出生于1976年，为申通快递的创始人之一。1993年，她与第一任丈夫聂腾飞等人在杭州创办了神通综合服务部，不久后成立上海盛 彤实业有限公司，为申通快递前身。 1998年，聂腾飞因车祸离世 ...

Group 1 - The core point of the article highlights a significant outflow of funds from stock ETFs, exceeding 990 billion yuan, with broad-based ETFs collectively experiencing a net outflow of over 1 trillion yuan [2][3] - On January 21, the total net outflow from the stock ETF market (including cross-border ETFs) reached 994.94 billion yuan, with broad-based ETFs seeing a decline in scale by 940.9 billion yuan [3] - The SGE Gold 9999 index recorded the highest net inflow of 19.29 billion yuan, while the CSI 300 index faced the largest net outflow of 581.98 billion yuan on the same day [3] Group 2 - The top-performing ETFs in terms of net inflow included the Electric Grid Equipment ETF and the Chemical ETF, with net inflows of 14.38 billion yuan and 8.26 billion yuan, respectively [6][7] - Notable inflows were also observed in the Gold Stock ETF and the Semiconductor ETF, with net inflows of 5.74 billion yuan and 5.20 billion yuan, respectively [6] - The report indicates that the Electric Grid Equipment ETF and the Semiconductor ETF from Huaxia Fund saw significant inflows, reflecting investor interest in these sectors [3][4] Group 3 - The article mentions that the CSI 300 ETF and the CSI 1000 ETF were among the largest "bloodletting" ETFs, with substantial net outflows of 168.28 billion yuan and 138.52 billion yuan, respectively [5][7] - The overall market sentiment remains cautiously optimistic, with expectations for a continued upward trend in the Chinese stock market, particularly in growth sectors such as AI and industrial metals [8] - The investment strategy suggested includes focusing on core growth assets, which are currently at historical median valuations, providing potential for valuation recovery [8]

此前，凭借商业航天概念，国晟科技股价持续走强，1月14日达到27.72元/股的高位。 1月14日晚，上交所发布《关于国晟科技相关情况的通报》称，近日国晟科技股价继续大幅波动，部分投资者在交易该股过程中存在影响股票交易正常秩 序的异常交易行为，上交所依规对相关投资者采取了暂停账户交易等自律监管措施。 此后，1月15日—1月21日，国晟科技连续5个交易日跌停。此次国晟科技直接走出"地天板"，投资者的观点分歧严重，纷纷讨论"该跑"还是"该留"。 【导读】国晟科技午后走出"地天板" 中国基金报记者晨曦 见证奇迹的时刻，又到了！ 1月22日，跨年"妖王"国晟科技开盘继续跌停，股价报14.73元/股，上午卖一封单超百万手。 然而，午后国晟科技忽然上演"旱地拔葱"，主力资金集中涌入，卖单迅速被消化，刷出"地天板"的成绩。截至发稿，国晟科技报18.01元/股，总市值为118 亿元；当日振幅为20.04%，成交额超20亿元。 对于业绩预亏，国晟科技表示，2025年，光伏行业由于结构性产能过剩，供需矛盾仍然突出，在激烈的行业竞争条件下，组件价格持续处于相对低位。受 此影响，公司主营业务收入减少，盈利能力下降。同时，基于谨慎性原则 ...