Core Viewpoint - Zijin Mining plans to invest approximately 28 billion RMB to acquire Allied Gold Corporation, marking the largest single acquisition in its overseas gold mining strategy [2][3]. Group 1: Acquisition Details - Zijin Mining's subsidiary, Zijin Gold International, signed an arrangement agreement to acquire all issued common shares of Allied Gold at a cash price of 44 CAD per share, totaling about 5.5 billion CAD (approximately 28 billion RMB) [3]. - The acquisition price represents a premium of approximately 5.39% over the closing price of 41.75 CAD per share on January 23, 2026, and an 18.95% premium over the weighted average trading price of 36.99 CAD per share over the previous 20 trading days [3]. - Allied Gold's core assets include the Sadiola gold mine in Mali, the Côte d'Ivoire gold complex, and the Kurmuk gold mine in Ethiopia, which is expected to commence production in the second half of 2026 [3]. Group 2: Financial Performance and Projections - Allied Gold's gold production is projected to increase from 10.7 tons in 2023 to 25 tons by 2029, driven by the expansion of the Sadiola project and the commissioning of the Kurmuk project [5]. - Financially, Allied Gold's revenue for 2023, 2024, and the first three quarters of 2025 were 656 million USD, 730 million USD, and 904 million USD, respectively, with net profits of -192 million USD, -120 million USD, and 17 million USD [5]. - As of September 30, 2025, Allied Gold's net assets attributable to shareholders were 331 million USD [5]. Group 3: Strategic Implications - The acquisition is expected to enhance Zijin Mining's resource synergy in Africa and optimize global resource allocation, with significant potential for exploration and resource expansion [4][6]. - The projects acquired are expected to contribute to production and profits in the acquisition year, with a short investment payback period anticipated [5]. Group 4: Market Context and Trends - The recent bull market in the non-ferrous sector and rising gold prices have created an expansion window for the industry, although companies are advised to proceed with caution [2][7]. - The ongoing increase in gold prices is attributed to geopolitical uncertainties, a weakening dollar, and supply-demand imbalances in precious metals [10][11].

本报（chinatimes.net.cn）记者李明会 北京报道 "最近到期的定期存款可多了。"近日，某头部城商行理财经理王燕（化名）告诉《华夏时报》记者，对 于想进行长期储蓄的客户，我们比较推荐五年期的分红险。"这也是今年以来我们行卖得最好的保险产 品了，好多客户都是几百万几百万地买。" 《华夏时报》记者注意到，随着今年天量存款集中到期，保险再度成为资金再配置的热门选择。 一位某头部险企代理人同样告诉《华夏时报》记者，近年来百万级保单单量持续增多，今年开门红期 间，她刚刚签下了一笔300万元的分红险保单。 值得注意的是，相较于转向理财、保险等产品的保守风格储户，曾奔赴各地抢购3%利率大额存单的"存 款特种兵"风险偏好明显更高，不少人选择在存单到期后转战黄金白银等贵金属投资品。 保险产品成分流热门 多家机构数据预测显示，今年我国将迎来一波天量定期存款到期潮。 存款到期后，他们会更偏向于选择保险，不仅利息相对高点，还有护工卡、居家养老、康养等其他权 益。 华泰证券研报显示，2026年一年期以上定存到期规模约50万亿元，其中二、三年期到期量均超20万亿 元，五年期到期量为5万亿至6万亿元；国信证券研报预计，2026 ...

本报（chinatimes.net.cn）记者李氏琼 文梅 北京报道 "气候变化作为一种视角，可以拓展我们在原有业务领域的想象力和行动空间，进而基于自己的行动位 置采取更有效的系统行动。" "民众是气候行动的最前线，也是气候行动的主体。" "公益组织之所以必须融入气候视角，是因为它所服务的社区与人群往往最先、最深地感受到极端天气 对健康、生计带来的具体影响。" 1月26日，在北京日坛公园一米空间举办的"有感而动"气候融合调研报告（2025）与"向往的社区"纪录 片发布会上，诸如此类的声音引发了现场参与者的强烈共鸣。 《华夏时报》记者了解到，此次活动由北京合一绿色公益基金会主办，万科公益基金会、中华环境保护 基金会、博世中国慈善中心、中国国际民间组织合作促进会、北京市银杏公益基金会等机构支持，集中 发布民间应对气候变化的研发、实践与传播成果，聚焦社会组织如何将宏大的气候议题转化为社区日常 行动。 有认知，更要行动 气候变化与全球变暖已成为公益组织的基本共识。 北京合一绿色公益基金会首先发布的《社会组织应对气候变化调研报告（2025）》（下称《报告》）， 通过对全国241家社会组织调研扫描，分析了中国社会组织参与 ...

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) is drafting a document to promote the cultivation of emerging pillar industries in central enterprises, aiming for a leap in development from major project investments to optimizing the overall layout of state-owned economies [2][4]. Group 1: Development Goals and Achievements - By the end of 2025, central enterprises are expected to have total assets exceeding 95 trillion yuan, with total profits and tax contributions both reaching 2.5 trillion yuan, and fixed asset investments of 5.1 trillion yuan [3]. - Strategic emerging industries are projected to become a core growth engine, with revenue exceeding 12 trillion yuan by 2025, achieving a steady annual growth of 1 trillion yuan [3]. - Cumulative investments in strategic emerging industries have surpassed 10 trillion yuan, increasing their share of total investments from 22% to over 40% since the beginning of the 14th Five-Year Plan [3]. Group 2: Policy Support and Strategic Directions - During the 14th Five-Year Plan, SASAC has introduced multiple measures to support the development of strategic emerging industries, including setting a revenue share target of no less than 30% for these industries [4]. - The upcoming document emphasizes a systematic and pillar-based approach to cultivate emerging industries, focusing on nurturing and supporting rather than just layout and development [4][7]. Group 3: Technological and Capital Investment - Central enterprises are expected to invest 1.1 trillion yuan in R&D by 2025, maintaining over 1 trillion yuan in R&D investment for four consecutive years [5]. - A total of 54 collaborative actions have been initiated to enhance the integration of industrial chains, involving nearly 1.6 million entities in collaborative innovation [5]. - The total scale of venture capital funds for central enterprises is nearing 100 billion yuan, with the first phase of a special fund raising 51 billion yuan to support emerging industries [5]. Group 4: Future Development Strategies - SASAC plans to enhance the layout of emerging industries through new policies in mergers, asset management, and innovation support [6]. - The focus will be on three main strategies: systematic layout and leapfrog development, tiered cultivation with differentiated strategies, and collaborative empowerment across the industry [7]. - The implementation of these strategies is expected to lead to a systematic reshaping of the development pattern of central enterprises during the 15th Five-Year Plan [8]. Group 5: Performance Goals for 2026 - By 2026, central enterprises aim to ensure continuous growth in value added and strive to match GDP growth rates, while also ensuring stable improvement in profit totals and operational efficiency [9].

"从行业发展趋势来看，这一数据具有一定的合理性。量化私募近年来的快速增长，得益于市场有效性 提升、投资者对稳健收益的需求以及量化策略在震荡市中的表现。规模数据的统计可能存在口径差异， 实际规模需结合中基协备案数据及行业调研综合判断。量化私募的飞速扩张，反映了资本市场对策略 化、工具化投资的需求，但也需警惕行业在策略同质化、流动性冲击等方面的潜在风险。"上海澜成私 募基金总经理许佳莹接受《华夏时报》记者采访时研判。 本报（chinatimes.net.cn）记者胡金华 上海报道 即使被监管"限高"频率，2025年国内量化交易市场规模仍创出了历史新高。 1月27日，《华夏时报》记者从多家头部量化私募机构处获悉，2025年，国内量化私募管理规模有可能 超过1.5万亿元，如果叠加公募机构管理超过4000亿元量化资金以及其他量化策略产品，全市场量化规 模将超2万亿元。 "跟2024年同期相比，我们业内保守预计量化管理总规模增加了七千亿元，这还是各家公私募量化机构 主动控规模的结果。如果从头部量化私募的管理规模来看，管理规模增加一两倍、交易规模增加三四倍 已经成为常态，这主要是因为2025年量化交易给老客户带来了至少50 ...

1月28日，演员薛佳凝在社交媒体分享视频谈自己投资黄金的经历。她称2013年她就开始投资黄金，"那 个时候好像金价是三百多元，我上来买了两公斤。" 1月29日，国际黄金期货价格和现货价格再创新高，盘中突破每盎司5600美元。 多家金饰品牌足金报价突破1700元/克。其中，周大福报1706元/克，较昨日上涨88元/克；周生生报1708 元/克，较昨日上涨94元/克；老庙黄金报1706元/克，较昨日上涨94元/克；老凤祥报1713元/克，较昨日 上涨93元/克。 来源：红星新闻、大河报、市场公开信息 薛佳凝还透露，当时有一个著名的男演员在她的建议下买了九公斤黄金作为投资，但金价涨到四百多元 时他就卖掉了，"我留到了现在。" 近日黄金价格上涨迅猛，不断刷新纪录。 （文章来源：华夏时报） 薛佳凝表示，自己的投资经验就是黄金需要"一点点攒"，她称每年都会购买一点黄金作为投资。"其实 黄金这些年从我那个时候（金价）三百多元，中间降到过两百多元，后来又涨到四百多元。去年七月份 的时候涨到了六百多元，我又买了一部分。" ...

Core Viewpoint - The private healthcare sector is facing significant challenges, with many hospitals closing, yet Lianchi Hospital in Shandong is attempting an IPO despite the downturn, showcasing a gross margin consistently above 30% [2][3] Group 1: Industry Challenges - Over 1,362 private hospitals have been closed or suspended in the first 11 months before 2025, averaging more than 7.5 closures per day, with over one-third being obstetrics and gynecology specialists [3] - Established medical device companies are divesting their hospital assets, indicating a shift in the industry landscape [2] Group 2: Lianchi Hospital's Business Model - Lianchi Hospital's business model focuses on "one old and one young," targeting both maternal and infant care and orthopedic services, which together account for over 90% of its revenue [4][10] - The maternal and infant care segment contributed 65.5% of revenue in 2024, with obstetric services seeing a 45.79% year-on-year increase [4][9] Group 3: Financial Performance - Lianchi Hospital's revenue grew from 356.43 million RMB in 2023 to 418.41 million RMB in 2024, with net profit increasing from 56.73 million RMB to 67.59 million RMB [14] - Despite the growth, the core hospitals in Qingdao and Zibo are experiencing revenue declines, with their combined revenue share dropping from 79.4% in 2023 to 60.0% in the first three quarters of 2025 [13][14] Group 4: Operational Challenges - The maternal and infant care segment is facing declining birth rates, leading to a drop in revenue and gross margin [10][11] - The orthopedic segment's revenue share decreased from 28.3% to 26.1%, with growth rates lagging behind overall revenue growth [11][12] Group 5: Financial Risks - Lianchi Hospital's goodwill has surged over 14 times from 15.09 million RMB to 231 million RMB, raising concerns about the sustainability of its high-margin business model [16][18] - The company's liquidity is under pressure, with cash on hand at 77.4 million RMB against current liabilities of 365 million RMB, indicating a potential cash flow crisis [18][19]

美联储主席鲍威尔表示，建议下一届美联储主席与美国政治"划清界限"。鲍威尔还表示，他和美联储其 他官员致力于维护美联储的独立性。他还对上周出席最高法院的口头辩论表示，此案"或许是美联储113 年历史上最重要的法律案件"，"我仔细考虑后认为，如果我不出席，可能很难解释清楚原因。" 来源：央视新闻、证券时报、新华社、市场公开信息 今日早盘金价突破5500美元关口。 美股方面，三大股指收盘涨跌不一，道指涨0.02%报49015.6点，标普500指数跌0.01%报6978.03点，纳 指涨0.17%报23857.45点。大型科技股涨跌不一，万得美国科技七巨头指数涨0.19%，英伟达涨1.59%， 谷歌、微软、特斯拉均有小幅上涨。半导体股多数收涨，英特尔涨11%。 据新华社纽约1月28日电美国联邦储备委员会28日结束为期两天的货币政策会议，宣布将联邦基金利率 目标区间维持在3.5%至3.75%之间不变。 会议纪要显示，现有指标表明，就业增长仍处于低位，失业率已显现出趋于稳定的迹象。通胀水平仍处 于较高水平。委员会致力于实现最大就业和长期通胀率达到2%的目标。经济前景的不确定性仍然很 高。委员会密切关注其双重使命面临的风险 ...

岁序常易，新元肇启。2026年开篇之际，姑苏大地传来振奋人心的讯息：在苏州市财政局、科技局的指 导下，新版"科贷通"正式扩容，苏州市首单落地苏州银行。 这一举措既是苏式金融匠心的传承延续，更是对中央金融工作会议精神的精准践行。中央明确提出"坚 定不移走中国特色金融发展之路，着力打造科技金融、绿色金融、普惠金融、养老金融、数字金融'五 篇大文章'"，苏州银行以科贷通升级扩容为笔墨，在普惠赋能与科创发展的交汇点上，绘就了金融助力 新质生产力跃升的鲜活图景。 中央金融工作会议强调，金融服务要坚守以人民为中心的价值取向，这份金融温度在苏州银行的实践中 体现得淋漓尽致。科贷通扩容绝非简单的产品升级，而是金融服务的深度延伸：联合苏州国发担保实 现"见贷即保"，大幅提升融资效率；免费提供"薪智通"等企业服务工具，设立科创业务专属审批部门， 为企业省去繁文缛节；提供供应链融资与跨境结算全链条支持，让金融服务超越"放贷"本身，成为科创 中小企业穿越市场周期的"同行者"与"护航员"。这种"有温度的普惠金融"，既是对中央金融工作要求的 生动回应，亦是苏式金融匠心的鲜活彰显。 金鸡湖的晨光中，创新的种子正被金融"活水"悉心滋养；江南 ...

Core Viewpoint - BYD is rapidly transforming the public service vehicle market in China, becoming a trusted partner for law enforcement agencies with its innovative technology and reliable quality [2][4]. Group 1: Market Presence - BYD vehicles have become a frequent presence in police fleets across various regions in China, including cities like Hefei, Jinzhou, Xi'an, and Xiaogan, showcasing models such as Qin PLUS, Song Pro, and Song PLUS for various law enforcement scenarios [3]. - The appearance of BYD models in government procurement announcements indicates a growing acceptance and trust in domestic electric vehicles for public safety [3]. Group 2: Product Features - BYD's vehicles meet the stringent demands of police work, offering exceptional safety, reliability, and adaptability for different operational environments [4]. - The hybrid systems in BYD vehicles provide both fuel efficiency for urban patrols and powerful performance for rural responses, effectively addressing the operational needs of law enforcement [4]. Group 3: Industry Impact - The widespread adoption of BYD police vehicles reflects not only the success of the brand but also the rise of Chinese manufacturing in high-end sectors, demonstrating a clear trajectory of innovation benefiting public service [4]. - This shift signifies that domestic automotive manufacturers are fully capable of taking on the critical role of ensuring public safety, positioning themselves as reliable "mobile shields" in modern law enforcement [4].