【导读】董明珠卸任珠海格力电子元器件有限公司法定代表人、执行董事 董明珠，最新动向来了！ 天眼查信息显示，近日珠海格力电子元器件有限公司发生工商变更：董明珠卸任法定代表人、执行董事，方祥建接任法定代表人并担任执行公司事务的董 事。 方祥建同样是格力电器（000651）的"老人"。公开信息显示，方祥建在格力电器工作多年，2021年11月出任格力电器副总裁，任职至今。 在此之前，2025年6月，董明珠卸任珠海零边界集成电路有限公司法定代表人、董事长职务。该公司的经营范围主要包括集成电路芯片设计及服务、集成 电路芯片及产品销售、电子产品销售等。据官网介绍，珠海零边界是格力电器进军芯片行业、掌握核心"芯"技术的关键力量。 格力电器2025年6月投资者调研纪要显示，格力自2015年开始进入芯片领域，目前芯片工厂一期规划年产能24万片。目前公司芯片产品主要有功率半导体 产品以及集成电路芯片，功率半导体产品包括IGBT、FRD、IPM、硅基功率模组、碳化硅SBD、MOS、SiC功率模组等，集成电路芯片包括通用工控、低 功耗、高性能三个系列32位MCU以及AISoC芯片。 格力电器表示，公司芯片已大规模应用在家用空调产品中， ...

【导读】原浙商证券（601878）银行首席梁凤洁转行买方机构 卖方研究人才奔赴买方机构又增一例。 近日，浙商证券研究所银行研究团队迎来新老交替，原银行首席梁凤洁即将奔赴买方新征程；杜秦川将接棒银行研究团队，担任大金融组组长、银行和政 策首席分析师。 去年12月，原广发证券发展研究中心董事总经理、首席资产研究官戴康出任招银理财权益投资部总经理。更早之前，亦有数位知名分析师转向买方机构。 梁凤洁转战买方 曾是"最年轻的银行首席分析师" 原浙商证券银行首席梁凤洁已确认转投买方机构，成为又一位转型买方的卖方明星分析师。 公开资料显示，梁凤洁1994年出生，本科就读于南京大学金融工程专业，后保送北京大学攻读金融专业硕士学位。2018年7月毕业后入职国泰君安证券研 究所。2020年2月20日，梁凤洁入职浙商证券研究所，担任银行首席研究员，她从助理到首席仅用了一年半时间(含实习期)，成为当时市场上最年轻的银 行首席分析师。 "是时候说一声告别。卖方从业八年多，我已决心转向买方。"梁凤洁在感言中回顾了自己自2018年入行以来的成长历程，她总结卖方分析师的三大必修课 为"真诚待人、靠谱做事、凝心聚力"，并分享了其在团队管理上的 ...

Market Overview - The market experienced fluctuations with the Shanghai Composite Index closing down by 0.09%, the Shenzhen Component down by 0.85%, and the ChiNext Index down by 0.91% [2] - A total of 1,604 stocks rose, while 3,771 stocks fell, indicating a broader market decline [3] Sector Performance - The precious metals sector saw significant gains, with stocks like Zhongjin Gold and Western Gold hitting the daily limit. Spot gold prices surpassed $5,000 per ounce for the first time, and silver prices also surged [4] - The pharmaceutical sector strengthened collectively, with stocks such as Cap Bio and Mike Bio reaching the daily limit due to concerns over a Nipah virus outbreak in India [4] - Oil and gas stocks rallied, with Zhongman Petroleum hitting the daily limit and China National Offshore Oil Corporation rising over 6% to a new high [5] Notable Stock Movements - Commercial aerospace concept stocks adjusted, with companies like China Satellite and China Satcom hitting the daily limit down [6] - Significant sell orders were noted for major stocks, including Zijin Mining with over 4.07 billion yuan in sell orders, China Ping An with over 2.05 billion yuan, and Jiangxi Copper with over 1.93 billion yuan [6] Analyst Insights - According to a report from China Merchants Securities, the government's measures to cool the market are intensifying to prevent large fluctuations, suggesting a more stable future for A-shares [7] - CITIC Securities indicated that the current reduction in broad-based ETF holdings by institutional investors may be a strategy to realize profits rather than a direct attempt to suppress speculative trading [7]

Market Overview - The market experienced a downturn with the Shanghai Composite Index closing down 0.09%, the Shenzhen Component down 0.85%, and the ChiNext down 0.91% [1] - A total of 1,604 stocks rose while 3,771 stocks fell, indicating a broader market weakness [1] Precious Metals Sector - The precious metals sector saw significant gains, with gold prices surpassing $5,000 per ounce for the first time, and silver prices also rising sharply [2] - Notable stocks in this sector included Zhongjin Gold and Xibu Gold, which reached their daily limit [2] Pharmaceutical Sector - The pharmaceutical sector strengthened, with stocks like Cap Bio and Mike Bio hitting their daily limit due to concerns over a Nipah virus outbreak in India [2][4] - The outbreak has prompted increased monitoring in countries such as Thailand and Nepal [2] Oil and Gas Sector - Oil and gas stocks rallied, with Zhongman Petroleum hitting its daily limit and China National Offshore Oil Corporation (CNOOC) rising over 6% to reach a new high [5] Commercial Aerospace Sector - The commercial aerospace sector faced adjustments, with stocks like China Satellite and China Satcom hitting their daily limit [6] Large Sell Orders - Significant sell orders were noted in major stocks, with Zijin Mining seeing over 4.07 billion yuan in sell orders and China Ping An over 2.05 billion yuan [6] Market Sentiment and Policy - Analysts from CITIC Securities indicated that the current reduction in broad-based ETFs by institutional investors may be a strategy to realize profits rather than directly suppressing speculative trading [10] - The report suggests that increasing margin requirements or trading fees could be more effective in cooling market enthusiasm [10]

（原标题：突然激增！发生了什么？） 【导读】环比大增420%，最短持有期理财产品受青睐 中国基金报记者 李树超 张玲 随着行情持续回暖，理财新发市场逐渐活跃，最短持有期产品尤其受到资金青睐，2025年12月募集规模 环比增逾4倍。 业内人士认为，多重因素推动最短持有期产品新发规模大增。普通投资者应根据自身需求匹配不同期限 理财产品，避免盲目追高。 最短持有期产品新发规模大增 睿智新虹理财研究院表示，最短持有期理财产品能较好地平衡收益与流动性。对于投资者而言，该类产 品每日可以申购，享有"持有期后近似活期"的流动性体验，且其收益水平通常高于日开放型产品。对于 理财机构而言，设置固定持有期有助于缓解资金流动性管理的压力，使其可以适当配置期限较长、收益 较高的资产，进一步支撑产品整体回报。 该研究院提醒投资者，一是要注意持有期短，收益率不会很高，而较长期限则可能影响流动性；二是不 要被表面业绩迷惑，远离有打榜嫌疑的产品，可以参考该机构同类产品业绩水平；三是要对产品类型有 清晰认知，了解产品是否投资权益类等高风险资产，是否与自己的风险偏好相适应。 蔡梦苑表示，普通投资者参与这类产品，需要精准匹配资金闲置周期。此外，要 ...

作为业内率先将AI技术落地金融投研场景的先行者，讯兔科技核心产品Alpha派深度嵌入机构投研工作 流，累计服务了超7万名专业人士，当前产品路径已从辅助听会等效率环节，延伸至个股与行业的深度 研究，并持续拓展AI赋能投研的边界。 2025年12月底，讯兔科技创始人兼CEO李罗丹接受中国基金报记者专访，详细阐释了金融AI的发展趋 势和讯兔的发展之道。 李罗丹认为，金融AI正在从"助理时代"向"师徒时代"演进；到2027年左右，Alpha派或将初步具备基金 经理助理的能力，全新的全球AI代理系统，将成为AI时代的"金融基础设施"。 【导读】讯兔科技创始人兼CEO李罗丹：金融AI正在从助理时代向师徒时代演进 中国基金报记者 尹振茂 在投研圈，最值钱的资产往往不是随处可见的公开数据，而是藏在"老司机"脑子里那些只可意会不可言 传的经验与逻辑。能否把这类隐性知识变成可复用的能力，是AI触达投研核心的一道门槛。 AI投研未来：从"助理时代"向"师徒时代"演进 中国基金报：你最近提到未来投研AI将从"助理关系"走向"师徒关系"，能否具体阐释一下？ 李罗丹：我想表达的是一个本质差别：助理解决的是你不想干的活，徒弟解决的是如何做 ...

Core Viewpoint - 360doc Personal Library, a well-known knowledge management platform in China, has announced its decision to transfer its entire platform assets for free due to business adjustments, aiming to find a new home for the platform to evolve into a "smart knowledge partner" in the AI era [1][5]. Group 1: Transfer Announcement - The 360doc team stated that the transfer includes core technology, data, and the operational team, and is seeking partners with a minimum financial capability of 5 million yuan to ensure stable operations [3]. - The founder, Cai Zhi, emphasized that the decision is not a commercial sale but a search for a new home for the platform, which has grown to 80 million registered users and 1.1 billion articles over 20 years [5]. Group 2: Operational Requirements - Interested parties must respect user content and have a clear operational plan to ensure the platform's growth and stability, as the transfer is aimed at preventing any potential harm to users from future shutdowns [5][6]. - The 5 million yuan requirement is based on estimated operational costs to ensure at least two years of stable operation [5]. Group 3: Company Background and Financial Performance - 360doc is operated by Beijing Liuzhi Information Technology Co., Ltd., which was established in October 2006 with a registered capital of 12 million yuan [8]. - The company has experienced continuous revenue decline, with a total net loss exceeding 13 million yuan over three years, and reported a revenue of 2.5181 million yuan in the first half of 2025, a year-on-year decrease of 43.84% [10].

【导读】讯兔科技创始人兼CEO李罗丹：金融AI正在从助理时代向师徒时代演进 在投研圈，最值钱的资产往往不是随处可见的公开数据，而是藏在"老司机"脑子里那些只可意会不可言 传的经验与逻辑。能否把这类隐性知识变成可复用的能力，是AI触达投研核心的一道门槛。 作为业内率先将AI技术落地金融投研场景的先行者，讯兔科技核心产品Alpha派深度嵌入机构投研工作 流，累计服务了超7万名专业人士，当前产品路径已从辅助听会等效率环节，延伸至个股与行业的深度 研究，并持续拓展AI赋能投研的边界。 2025年12月底，讯兔科技创始人兼CEO李罗丹接受中国基金报记者专访，详细阐释了金融AI的发展趋 势和讯兔的发展之道。 李罗丹认为，金融AI正在从"助理时代"向"师徒时代"演进；到2027年左右，Alpha派或将初步具备基金 经理助理的能力，全新的全球AI代理系统，将成为AI时代的"金融基础设施"。 AI投研未来：从"助理时代"向"师徒时代"演进 中国基金报：你最近提到未来投研AI将从"助理关系"走向"师徒关系"，能否具体阐释一下？ 李罗丹：我想表达的是一个本质差别：助理解决的是你不想干的活，徒弟解决的是如何做得更像你。 所以，我用" ...

Market Overview - The A-share market opened higher but experienced fluctuations, with the Shanghai Composite Index closing at 4141.01 points, a slight increase of 0.12% [1] - The Shenzhen Component Index fell by 0.74%, and the ChiNext Index dropped by 0.86% [1] Individual Stock Performance - A total of 3756 stocks declined, while 1606 stocks rose, with 50 stocks hitting the daily limit up [2] - The total trading volume in the Shanghai and Shenzhen markets reached 2.24 trillion yuan, an increase of 347.8 billion yuan compared to the previous trading day [2] Sector Performance Precious Metals - The precious metals sector saw significant gains, with stocks such as Hunan Gold (002155) hitting the daily limit up, and others like Jin Hui Shares (603132) and Zhao Jin Gold (000506) also achieving 10% limit up [3][5] - The price of spot gold surpassed $5000 per ounce for the first time, increasing by over 1%, while spot silver rose by over 5% [5] Oil and Gas - The oil and gas sector experienced a rally, with major companies like China Petroleum and China Oil & Gas seeing increases of over 4% [6] - International oil prices surged, with WTI and ICE crude oil both rising by over 3% due to escalating geopolitical tensions [6] Financial Sector - The financial sector showed upward movement, with securities stocks rising, and insurance and banking stocks also performing well [8] - Notable gains were seen in stocks like Caitong Securities (601108) and Xingye Securities, both increasing by over 4% [9] Alcoholic Beverages - The liquor sector faced a downturn, with a decline of over 1%, particularly affected by a significant drop in Yanghe Shares (002304), which fell by over 8% [13] - Yanghe Shares projected a net profit decline of 62.18% to 68.30% for the fiscal year 2025, indicating potential financial distress [14]

Market Overview - On January 26, A-shares opened higher, with the Shanghai Composite Index up 0.41% to 4152.99, and the Shenzhen Component Index up 0.05% to 14446.23, while the ChiNext Index fell 0.36% to 3337.32 [1][2] Sector Performance - Precious metals, internet, and photovoltaic sectors showed strong performance, while aerospace and military, semiconductor equipment, and retail sectors experienced declines [2] - The gold and silver market saw significant gains, with spot gold surpassing $5080 per ounce, reaching a new high, and silver futures on the Shanghai Futures Exchange hitting a limit up at 27634 yuan per kilogram, up 14.55% [7][12] Precious Metals Stocks - Precious metals stocks continued their strong performance, with Hunan Gold and Shengda Resources hitting the daily limit, and other stocks like Yuguang Gold Lead and Hengbang Co. also seeing gains [5][6] - Notable stock performances included: - Hunan Gold at 25.27, up 10.01% - Shengda Resources at 56.65, up 10.00% - Hengbang Co. at 18.85, up 9.59% [6] Basic Metals Stocks - Basic metals stocks also rose, with New Weiling up over 14%, and several stocks like Yongjie New Materials and Xingye Silver Tin hitting the daily limit [7] Photovoltaic Sector - The photovoltaic sector opened significantly higher, with stocks like Optec rising over 25% and Dongfang Risen hitting the daily limit at 20% [9][11] - Elon Musk announced plans for SpaceX and Tesla to build a total of 200GW of photovoltaic capacity in the U.S. over the next three years, with a focus on space-based solar power [12]