1月28日，外交部发言人郭嘉昆主持例行记者会。 有记者提问，据报道，朝鲜昨日下午向东部海域发弹道导弹，韩美日表示此举违反了联合国安理会的决 议。中方对此如何评论？ 郭嘉昆表示，我们注意到有关方对发射物的界定存在不同看法。我们希望有关方正视半岛问题的根源， 坚持政治解决的大方向，为维护地区和平稳定作出努力。 （原标题：朝鲜向东部海域发射弹道导弹，韩美日称此举违反安理会决议，中方：有关方对发射物的界 定存不同看法） 来源：北京日报 北京青年报 ...

暂停申购首日，白银、黄金主题基金大涨。 1月28日午后，国投白银LOF涨停。截至1月28日收盘，二级市场报4.77元，单日涨幅为10%，成交额逾28亿元，溢价率超49.59%。 1月28日盘中，易方达黄金主题LOF也一度涨超9%。截至1月28日收盘，易方达黄金主题LOF二级市场报2.08元，单日涨幅为7.22%，成交额逾8亿元。 1月28日盘中，黄金、白银价格持续走高。截至发稿，黄金现货、期货双双逼近5300美元/盎司关口，白银现货、期货则突破114美元/盎司。 | | | 黄金持续大涨，多家基金公司纷纷提示风险。 国泰基金表示，从中长期看，受美联储降息周期、海外不确定性上升、全球去美元化趋势、央行和Tether等机构购金的影响，黄金的长逻辑仍然稳固。但 是，当下市场处于情绪与资金共振的极致阶段，中长期投资机会与短期风险并存，建议投资者结合自己的风险偏好与交易水平，理性投资。 （文章来源：中国基金报） 1月27日晚间，黄金LOF、白银LOF纷纷宣布"闭门谢客"。其中，易方达黄金主题LOF发布公告称，自1月28日起暂停本基金A类份额的申购及定期定额投 资业务。国投瑞银基金也表示，自1月28日起暂停国投白银LOF ...

【导读】中国农业银行原首席专家兼浙江省分行原党委书记、行长冯建龙被开除党籍 中国基金报记者晨曦 又有国有大行干部被处理！ 1月28日，中央纪委国家监委官网通报：中国农业银行原首席专家兼浙江省分行原党委书记、行长冯建龙被开除党籍。 ● 廉洁底线失守，通过民间借贷获取大额回报，违规从事营利活动，违规收受大额钱款，离职后违规任职取酬，收受管理服务对象礼品礼金，利用职务便 利低买高卖房产，借用管理服务对象大额钱款，在分配、购买住房中侵犯国家利益，将应由本人支付的费用由他人支付；违反生活纪律，对配偶、子女失 管失教； ● 将公权力当作谋取私利的工具，大搞权钱交易，利用职务上的便利，为他人在贷款审批、资金募集、职工岗位调整等方面谋取利益，非法收受巨额财 物。 通报指出，冯建龙严重违反党的政治纪律、组织纪律、廉洁纪律、生活纪律，构成严重职务违法并涉嫌受贿犯罪，且在党的十八大后不收敛、不收手，性 质严重，影响恶劣，应予严肃处理。 依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中国农业银行党委研究，决定给予 冯建龙开除党籍处分；收缴其违纪违法所得。浙江省监委将其涉嫌犯罪 ...

又有国有大行干部被处理！ 1月28日，中央纪委国家监委官网通报：中国农业银行原首席专家兼浙江省分行原党委书记、行长冯建龙被开除党籍。 ● 违背组织原则，不按规定报告个人有关事项，在组织谈话函询时不如实说明问题，在干部选拔任用、职工录用等工作中为他人谋取利益； ● 廉洁底线失守，通过民间借贷获取大额回报，违规从事营利活动，违规收受大额钱款，离职后违规任职取酬，收受管理服务对象礼品礼金，利用职务便 利低买高卖房产，借用管理服务对象大额钱款，在分配、购买住房中侵犯国家利益，将应由本人支付的费用由他人支付；违反生活纪律，对配偶、子女失 管失教； 据中央纪委国家监委驻中国农业银行纪检监察组、浙江省纪委监委消息：日前，经中央纪委国家监委批准，中央纪委国家监委驻中国农业银行纪检监察 组、浙江省监委对中国农业银行原首席专家兼浙江省分行原党委书记、行长冯建龙严重违纪违法问题进行了立案审查调查。 经查，冯建龙存在以下问题： ● 将公权力当作谋取私利的工具，大搞权钱交易，利用职务上的便利，为他人在贷款审批、资金募集、职工岗位调整等方面谋取利益，非法收受巨额财 物。 ● 丧失理想信念，背弃初心使命，对抗组织审查，搞迷信活动；违反中央 ...

持续加码研发让技术优势不断巩固。截至2024年底，公司研发人员占比超40%，2022至2024年研发投入 连续增长，累计投入近1.14亿元，占同期累计营收的11.11%，复合年增长率达60.19%。目前已形成3大 基石技术和8大产品化支撑技术，覆盖信号采样、相位锁定等关键领域，推出的三代产品系列精准匹配 半导体制造对"快、准、稳"的核心需求。凭借硬核实力，公司还承担了工信部、科技部三项国家级课 题，2023年在中国大陆半导体行业国产等离子体射频电源系统厂商中市场份额位列第一。 技术突破转化为显著发展成果。2018年获得国内龙头设备商合作机会后，恒运昌产品于2020年通过验证 并实现批量出货，此后陆续与多家知名半导体设备商建立合作。2022至2024年，公司营收从1.58亿元跃 升至5.41亿元，净利润从2639万元增长至1.43亿元，实现规模与效益双丰收。资本也纷纷青睐，自2021 年起，国投创业、中电科等产业基金先后注资，为企业发展注入动力。2021年迁入宝安桃花源科技创新 园后，团队规模与研发生产设备持续升级，进一步夯实发展根基。 于恒运昌而言，此次上市并非终点，而是新的起点。恒运昌提出"守正创新"五年计 ...

Market Overview - The market experienced fluctuations throughout the day, with the Shanghai Composite Index rising by 0.27%, the Shenzhen Component Index increasing by 0.09%, and the ChiNext Index declining by 0.57% [1] - A total of 1,739 stocks rose, with 84 hitting the daily limit up, while 3,640 stocks fell [2] Stock Performance - Among the rising stocks, 169 had gains exceeding 7%, 105 gained between 5-7%, and 252 rose between 3-5% [3] - Conversely, 2,912 stocks saw declines of 0-3%, 558 fell by 3-5%, and 58 dropped by more than 7% [3] - Resource stocks surged, particularly gold stocks, with Sichuan Gold achieving four consecutive limit-ups, and both Zhaojin Mining and Hunan Gold achieving three consecutive limit-ups [3] Sector Highlights - Oil and gas stocks collectively rose, with Tongyuan Petroleum and Zhongman Petroleum hitting the daily limit up, and China National Offshore Oil Corporation (CNOOC) increasing over 6% to reach a new high [4] - The non-ferrous metals sector strengthened, with silver stocks achieving seven consecutive limit-ups, and China Aluminum hitting the daily limit up, marking a 16-year high [5] - The coal sector also saw gains, with Shanxi Coking Coal and Shaanxi Black Cat both hitting the daily limit up [7] Declines - The pharmaceutical and medical stocks faced adjustments, with Bibet and Baipusai dropping over 10% [8] Trading Volume and Activity - The total trading volume reached approximately 29,922.93 billion, with a notable increase in trading activity for major ETFs, including the CSI 300 ETF from Huatai-PB, which exceeded 30 billion in trading volume [11]

【导读】因债务加入纠纷，新华基金被起诉 又有基金公司被起诉。 天眼查信息显示，近日，山东西王糖业有限公司、西王淀粉有限公司起诉新华基金，缘由是债务加入纠纷，该民事案件将于2月3日在上海市第二中级人民 法院开庭。 公开资料显示，新华基金成立于2004年12月，是我国西南地区第一家公募基金管理公司，实控人为北京金融街（投资）集团有限公司，注册资本为6.28亿 元，注册地为重庆市。 数据显示，截至2025年年末，新华基金在管公募基金49只，合计规模为571.07亿元。其中，货币型基金、债券型基金各占比40%。 业绩方面，国泰海通证券业绩排行榜显示，截至2025年年末，公司权益类基金业绩近三年业绩排名118/149、近五年业绩排名81/139；公司固定收益类基 金业绩近三年表现突出，整体市场排名5/137、近五年业绩排名12/126。 去年底，新华基金副总经理王之光因个人原因离职。此外，去年8月，新华基金还注销了浙江分公司。 ...

Market Overview - The market experienced fluctuations throughout the day, with the Shanghai Composite Index rising by 0.27%, the Shenzhen Component Index increasing by 0.09%, and the ChiNext Index declining by 0.57% [2] - A total of 1,739 stocks rose, 84 stocks hit the daily limit, and 3,640 stocks fell [3] Sector Performance - Resource stocks surged, with gold stocks leading the gains; Sichuan Gold achieved four consecutive limit-ups, while Zhaojin Mining and Hunan Gold recorded three consecutive limit-ups [4] - Oil and gas stocks collectively rose, with Tongyuan Petroleum and Zhongman Petroleum hitting the daily limit, and China National Offshore Oil Corporation increasing over 6% to reach a new high [5] - The non-ferrous metals sector strengthened, with Silver Nonferrous achieving seven consecutive limit-ups, and China Aluminum hitting the daily limit, marking a 16-year high [6] - The coal sector also saw gains, with Shanxi Coking Coal and Shaanxi Black Cat hitting the daily limit [7] Market Dynamics - The pharmaceutical and medical stocks adjusted, with Bibete and Baipusais falling over 10% [8] - The market experienced at least three significant drops during the day, suggesting an unseen force controlling market momentum [8] - Several broad-based ETFs saw increased trading volume, with the HuShen 300 ETF from Huatai-PineBridge exceeding 30 billion yuan in trading volume, and other ETFs like the HuShen 300 ETF from E Fund and the CSI 500 ETF also surpassing 20 billion yuan [8] Policy Insights - According to a report from CITIC Securities, past bull markets have seen overheating leading to cooling policies; the current bull market since September 24 has maintained a positive policy tone, with periodic long-term policies to regulate market entry [9] - Recent policies, such as the increase in risk factors for insurance funds and a 0.25 percentage point reduction in monetary policy tool rates, aim to cool the market without altering the overall positive trend [9] - The proactive cooling measures are intended to manage the bull market's pace, preventing irrational exuberance and fostering a gradual bull market, which is noted as the slowest bull market in A-share history [9] ETF Performance - Gold ETF (Hua Xia, product code: 518850) saw a 5-day increase of 8.41%, with a net subscription of 350 million yuan [11] - Gold Stocks ETF (product code: 159562) increased by 18.74% over five days, with a net subscription of 510 million yuan [12] - Non-ferrous Metals ETF (product code: 516650) rose by 8.99% in five days, with a net subscription of 770 million yuan [13] - Public Utilities ETF (product code: 159301) had a modest increase of 0.72% over five days, with no net subscription changes [14]

Core Viewpoint - The investment director of PIMCO, Daniel Ivascyn, suggests that global economic growth is expected to remain strong through 2026, and investors should consider global diversification in their asset allocation strategies [1]. Group 1: Investment Opportunities in Bonds - High-quality fixed income assets are currently at their most attractive valuation levels in years, with initial yields closely linked to future returns, providing a positive long-term outlook for investors [2]. - Historical data shows a 94% correlation between initial bond yields and future 5-year returns, indicating that current bond yields, particularly in the U.S. market, are at their highest levels in a decade, suggesting potential for attractive returns [2]. - The current market environment is shifting, making bonds more appealing compared to the historically high valuations of the stock market, where the cyclically adjusted price-to-earnings (CAPE) ratio exceeds 35 [2]. Group 2: Investment Strategies - Ivascyn emphasizes two key strategies: global diversification and active management to navigate market volatility and differentiation among countries' fiscal and monetary policies [3]. - Investors are advised to combine stock and bond investments, increasing bond allocations to achieve higher long-term returns through a mixed portfolio approach [3]. - The global economic outlook remains strong, with significant differentiation in fiscal and monetary policies across countries, creating opportunities for active investment management [3]. Group 3: Gold Market Outlook - Gold prices have surged, with spot gold prices increasing over 60% in 2025 and surpassing $5,000 per ounce at the beginning of 2026, driven by geopolitical tensions and concerns over high debt levels in countries like the U.S. and Japan [4]. - The demand from central banks and individual investors supports the bullish trend in gold, which is expected to continue as long as geopolitical tensions and debt concerns persist [4]. - Despite the rapid increase in gold prices, there may be short-term corrections, but the long-term outlook remains strong, suggesting that investors should consider increasing their allocation to gold-related products [4].

Core Viewpoint - The global gold market is experiencing a significant surge, with gold prices reaching new historical highs, leading to accelerated net inflows into gold-themed ETFs, particularly gold stock ETFs, which are showing a more pronounced "capital attraction" trend [1][2]. Group 1: Gold Themed ETFs - The net inflow of funds into gold-themed ETFs has accelerated this year, with a notable distinction between commodity gold ETFs and gold stock ETFs, the latter showing a more significant capital attraction [2]. - As of January 27, the total scale of 14 commodity gold ETFs reached 314.14 billion yuan, a 29.71% increase from the end of last year [2]. - The total net inflow of funds into commodity gold ETFs this year has reached 27.02 billion yuan, which is nearly a quarter of the total net inflow for the entire previous year [2][3]. Group 2: Gold Stock ETFs - The six gold stock ETFs have a combined scale of 29.09 billion yuan, representing an increase of over 75% from the end of last year [2]. - The net inflow of funds into gold stock ETFs has exceeded 5.63 billion yuan this year, surpassing one-third of the total net inflow for the previous year [3]. - Among the gold stock ETFs, one has reached a scale of over 10 billion yuan, with the latest scale of Yongying's gold stock ETF at 19.46 billion yuan, a more than 50% increase from the end of last year [3]. Group 3: Performance Comparison - Gold stock ETFs have shown higher yield elasticity, with a cumulative net value growth rate exceeding 35% this year, compared to around 17% for commodity gold ETFs [4]. - Over the past year, gold stock ETFs have seen a cumulative net value increase of over 140%, significantly outperforming commodity gold ETFs [4]. Group 4: Market Outlook - The investment value of gold assets is gaining recognition due to global geopolitical uncertainties and expectations of a rate cut cycle in 2026, which could support demand for gold [5]. - The overall performance of gold stocks is meeting expectations, with potential for continued investment opportunities in 2026 [5].