人民日报评西贝关店事件：网络舆论环境不能成为企业发展的短板 1月18日，人民日报发布评论文章指出，一场网络大V与知名企业人士的网上纷争，以西贝宣布"将关闭全国102家门店"、 两人新浪微博账号均被禁言暂告一段落，但深层次的思考不应该缺席。 评论文章指出，透过西贝这起事件，人们痛心的远不止于其"4000名员工将面临转岗或失业、超5亿元亏损"的损失，更忧 心于为何一条社交媒体发文就能让一家经营38年、拥有数百家门店的企业陷入发展困境？有两个当事人、平台的问题，有 企业轻视消费者意见建议的问题，更要看到当下网络舆论环境的问题。 文章称，从一些企业近年来遭遇的网络困境看，网络舆论环境已成为影响企业生存环境乃至我国经济发展环境的重要因 素。特别是一些民营企业的网络舆论环境恶化，直接导致其生存发展堪忧，影响了我国经济发展环境。对企业，当然可以 批评，但必须客观理性，对别有用心者必须警惕。 文章称，主流媒体必须主动担责。主力军挺进主战场决不能落空，必须对偏颇的、不良的网络舆论言行敢于亮剑、敢于批 评，廓清迷雾、拨云见日，决不能因怕所谓"舆情"而失声失语。让网络舆论环境更清朗，让骂战变讨论，回归理性，共同 推进企业与行业良性 ...

受优必选拟入主的消息催化，锋龙股份股价暴涨超200%，实现13连板。该公司停牌核查完成，股票将于明天复牌。 | 分时 多日 日 周 月 今 :▼ AI交易策略 F9 前复权 超级叠加 画线 工具 Q ② > | 锋龙股份 | | 002931 | | --- | --- | --- | --- | | 002931.SZ[锋龙股份] 2026/01/16 收61.79 幅 0.00%(0.00) 开 61.79 高 61.79 低 61.79 均 61.79 m. | | | 0.00(USD | | MA5 60.67 ↑ MA10 51.62 ↑ MA20 37.34 ↑ MA60 24.84 ↑ MA120 20.47 ↑ MA250 18.39 V n' | 0.00 | | (0.00) 0.00% | | | SZSE CNY 08:27:48 | | 10 + | | 61.79 | 委比 | 0.00% 委差 | 0 | | | 卖五 | | | | | 卖四 | | | | 52.0 | 『 | | | | 43.0 | | | | | | 买四 | | | | | 买五 | | | | 3 ...

【导读】冒用基金管理人名义诈骗升级，多方联动筑牢反诈防线 近年来，冒用基金管理人名义从事违法犯罪活动的情况屡有发生。不法分子通过设立仿冒网站、仿冒公 司员工社交账号、开发运营非法移动应用程序（App）和发布虚假客服电话等方式，严重侵害投资者和 相关机构的合法权益。 诈骗手段不断升级 私募机构积极采取应对举措 据记者多方了解，不法分子多冒用私募基金管理人的名义或假冒公司高管身份实施诈骗，且诈骗手段不 断升级，主要为以下三种形式： 一是身份造假，仿冒公司高管与员工，打造"专业"假象。通过冒充企业高管、基金经理或工作人员，降 低投资者警惕性。通过"荐股群""直播间"等方式，以基金经理名义进行虚假授课、推荐股票等，在社交 平台以"基金经理""公司员工"等身份招揽客户，打造"专业"假象，诱导投资者购买所谓的"高收益产 品"。 二是平台造假，仿冒软件与小程序，搭建诈骗"入口"。搭建与正规机构高度相似的仿冒App、官方网 站、小程序、QQ群等，盗用机构商标与宣传资料，通过设计诱惑性话术，组织虚假活动，推销虚假理 财产品。 三是骗术升级，AI技术与境外链接加持，使诈骗更具隐蔽性。不法分子利用AI技术生成高管虚假影 像，组织虚 ...

Core Viewpoint - The bond issuance by securities firms has surged significantly at the beginning of 2026, driven by a strong A-share market and increased capital demand for business expansion and transformation [1][2]. Group 1: Bond Issuance Growth - As of January 17, 2026, the total bond issuance by securities firms reached 119.52 billion yuan, marking a year-on-year increase of 71.87% [2]. - The number of bonds issued totaled 44, which is an increase of 2 compared to the same period last year [2]. - Major firms like China Galaxy and Shenwan Hongyuan have received approval for substantial bond issuances, indicating a trend towards diversification in bond issuance among both traditional and internet-based securities firms [2]. Group 2: Market and Policy Factors - The increase in bond issuance is attributed to a combination of business transformation, policy guidance, and a low-cost financing environment [3]. - The active A-share market has led to a growing demand for capital-intensive business models, prompting securities firms to seek additional capital through bond issuance [3]. - The current low interest rate environment has made bond issuance an attractive option for firms looking to refinance existing high-interest debt and optimize their financial structures [3][4]. Group 3: Implications for the Industry - The bond issuance trend is expected to continue in the short to medium term, as long as market activity remains robust [5]. - The competitive landscape is shifting towards a "stronger gets stronger" dynamic, where leading firms are more willing and able to finance their operations [6]. - Increased capital strength among securities firms is likely to enhance their market-making and liquidity provision capabilities, contributing to market stability and supporting the real economy [6][7]. Group 4: Differentiation Among Firms - The current bond issuance trend is characterized by a concentration among leading firms, which benefit from higher credit ratings and lower financing costs [7]. - This differentiation may lead to a widening gap in financing capabilities between large and small securities firms, potentially increasing industry concentration [7].

当地时间1月17日，美国总统特朗普在"真实社交"平台发布一张个人黑白照片，并自诩为"关税之王"。 同日，特朗普在社交媒体上宣布，将从2月1日起对来自丹麦、挪威、瑞典、法国、德国、英国、荷兰和 芬兰的输美商品加征10%关税，并宣称加征关税的税率将从6月1日起提高至25%，直到相关方就美 国"全面、彻底购买格陵兰岛"达成协议。 据《今日美国报》报道，当地时间1月16日，特朗普在白宫一场与格陵兰岛议题无关的农村医疗健康活 动上，提到自己曾通过以医药关税相要挟，向欧洲国家施压。 "对于格陵兰岛问题，我或许也会如法炮制，" 特朗普称，"要是有国家不配合我们拿下格陵兰岛，我可 能会对它们加征关税，因为格陵兰岛对美国的国家安全至关重要。所以我确实有可能这么做。" 报道提到，美国最高法院随时可能对特朗普单方面在全球范围内征收关税的合法性做出裁决，这些关税 已通过对外国进口商品征税筹集了数千亿美元。 对此，特朗普16日表示："我是'关税之王'，本'关税之王'干得非常出色。我希望我们能赢得最高法院的 官司，因为如果我们输了，那将是我们国家的耻辱。" 多名欧洲议会议员1月17日说，鉴于美方对格陵兰岛的威胁，去年7月欧美达成的贸易协 ...

Group 1 - The A-share market has shown strong performance at the beginning of 2026, leading to a "good start" for public fund issuance, with many funds selling out in one day [1][2] - As of January 16, 82 new funds have been launched, with 25 funds announcing early closure and 6 funds selling out in one day, indicating strong demand for equity assets [2] - Multiple factors are driving this trend, including favorable policies, regulatory adjustments to reduce investment costs, and a low interest rate environment prompting a shift of funds from deposits to equity funds [2] Group 2 - The issuance of FOF (Fund of Funds) products has been particularly notable, with some funds raising significant amounts in a very short period, such as 3.2 billion for Guangfa Yueying and nearly 2.1 billion for Wanjia Qitai [3] - The focus for new fund issuances this year is on "fixed income plus" and FOF products, with an emphasis on cyclical and technology-themed equity products [3] - Fund companies are adopting a strategy of "precise layout and diversified adaptation," targeting five key areas: manufacturing, information industry, materials industry, energy, and space industry [3] Group 3 - The fund issuance market is characterized by a fast pace, with many products setting short fundraising periods of two weeks or less, and companies are focusing on quick capital deployment to align with market trends [4] - There is a shift away from pursuing "blockbuster" funds, with companies opting to capitalize on favorable market conditions quickly [4] - The 2026 new fund issuance is expected to become more refined, with a focus on niche sectors such as semiconductor, artificial intelligence, and shipbuilding, while FOFs are anticipated to meet stable allocation needs [4]

Core Viewpoint - The banking wealth management market is experiencing a "fee reduction wave," with a rare occurrence of "double zero rates" for investment management and sales service fees, driven by factors such as "deposit migration" and the "New Year marketing push" [1][2]. Group 1: Fee Reduction Trends - The banking wealth management market has seen significant fee reductions, with examples including Ningyin Wealth Management offering zero sales service fees and eight products with zero floating management fees [2]. - Some products from Zhongyuan Bank have also adjusted both investment management and sales service fees to 0.00% per year, although these products have since expired [2]. - The fee reduction is primarily motivated by the need to attract funds flowing out of deposits due to declining deposit rates and the urgency of the New Year marketing period [2]. Group 2: Implications of Fee Reductions - Fee reductions can rapidly increase scale and market share for wealth management companies, but over-reliance on price competition may erode overall industry profits and weaken long-term research and innovation capabilities [3]. - The challenge lies in balancing customer satisfaction with the sustainable development of the company [3]. Group 3: Future Strategies for Wealth Management Companies - With limited further fee reduction space, wealth management companies are encouraged to optimize product structures, diversify fee mechanisms, enhance advisory services, and build brand trust to improve product competitiveness [4]. - Companies should explore diverse fee structures, such as floating management fees and discounts based on holding periods, while also expanding into lower-tier markets to reduce customer acquisition costs [4]. - Continuous improvement in research and investment capabilities is essential for companies to maintain scale and succeed in a competitive environment [5].

（中央纪委国家监委驻国家电网有限公司纪检监察组、湖北省纪委监委） （文章来源：中国基金报） 来源：中央纪委国家监委网站 国家电网重庆市电力公司原党委书记、董事长周雄接受纪律审查和监察调查 据中央纪委国家监委驻国家电网有限公司纪检监察组、湖北省纪委监委消息：国家电网重庆市电力公司 原党委书记、董事长周雄涉嫌严重违纪违法，目前正接受中央纪委国家监委驻国家电网有限公司纪检监 察组和湖北省恩施州监察委员会纪律审查和监察调查。 ...

据多家香港媒体报道，香港功夫影星梁小龙于1月14日逝世，享年77岁。 梁小龙曾出演周星驰电影《功夫》，片中"火云邪神"一角深入民心。他从业数十年拍过多部电视剧及电 影，早年以电视剧《大侠霍元甲》及《陈真》中饰演的"陈真"一角走红，与李小龙、成龙、狄龙号 称"四龙"。 成龙在微博发文悼念：刚刚回到北京，惊闻梁小龙先生离世的消息，一时之间不敢也不愿相信……在我 的记忆里，他一直是那个精通多种传统武术，每一种都能打出自己风格的功夫高手，他将自己毕生所学 运用到影视作品中，是一位非常优秀的动作指导，同时作为演员，他塑造了那么多经典角色，被观众深 深喜爱，也让我们这些同行佩服不已。梁兄，北京下雪了，天很阴，怀念您… （原标题：梁小龙逝世，成龙发文悼念） 来源：新华社、成龙微博 香港功夫影星梁小龙逝世 享年77岁 ...

Core Viewpoint - COMMUNE, the largest restaurant and bar brand in China, is seeking to go public on the Hong Kong Stock Exchange, aiming to become the first listed company in the restaurant and bar sector [1]. Group 1: Company Overview - COMMUNE has ranked first in revenue among domestic restaurant and bar brands for three consecutive years, with a market share of 7.8% in 2024, double that of its second and third competitors combined [5]. - The company's competitive edge is built on a full-time operational model, high proportion of beverage revenue, and proprietary brand advantages [4][5]. - As of September 30, 2025, COMMUNE operates 112 directly managed stores across 40 cities, with a focus on both tier-one and tier-two cities [6]. Group 2: Financial Performance - The company reported revenues of RMB 8.45 billion, RMB 10.74 billion, and RMB 8.72 billion for the years 2023, 2024, and the first three quarters of 2025, respectively [9]. - The adjusted net profits for the same periods were RMB 734.49 million, RMB 661.86 million, and RMB 786.3 million [9]. - The overall gross margin has remained above 65%, with 2023 reaching 70.5%, 2024 dropping to 67.8%, and rebounding to 68.7% in the first three quarters of 2025 [10]. Group 3: Operational Challenges - Despite revenue growth, the same-store sales growth has shown signs of fatigue, particularly in tier-one cities, where sales have recorded negative growth rates of -1.1% in 2024 and -1.4% in the first three quarters of 2025 [11]. - The company faces liquidity pressures, with a current ratio of 0.7, indicating that current assets are insufficient to cover current liabilities [15][16]. - A significant liquidity gap was noted, with net current liabilities reaching RMB 175 million as of November 30, 2025, while cash reserves were below RMB 100 million [16]. Group 4: Strategic Moves - The company plans to focus on expanding into lower-tier markets, with a goal of adding 150 to 190 new stores from 2026 to 2029 [14]. - A controversial decision to issue a special dividend of RMB 80 million just before the IPO has raised questions about the rationality of its capital allocation [18][19]. - The exit of early investor Tomato Capital, which sold its stake for approximately RMB 24.39 million around the same time as the dividend payout, has led to speculation regarding shareholder interests [18][19].