Core Viewpoint - The international gold price has surged to a historic high of $4,883 per ounce, driven by geopolitical tensions and trade conflicts, particularly related to the Greenland dispute and U.S. tariffs on European countries [2][3][4]. Geopolitical Factors - The escalation of geopolitical risks, particularly the U.S. imposing tariffs on goods from eight European countries, has heightened market anxiety, contributing to the rise in gold prices [3][4]. - The relationship between the U.S. and Europe is deteriorating due to the Greenland issue, with potential for a significant trade war reminiscent of 2018 [3][4]. Economic Indicators - The U.S. economic indicators show a decline in the credibility of the Federal Reserve, with concerns over its independence and the impact of tariffs on inflation [6][7]. - Recent inflation data indicates a CPI of 2.7% year-on-year, with core CPI at 2.6%, both slightly below market expectations, suggesting a potential easing of inflationary pressures [6]. Central Bank Actions - Central banks globally are increasing their gold reserves, with Poland planning to purchase up to 150 tons of gold, which would elevate its status among the top ten countries in gold reserves [9][10]. - The World Gold Council reports that global central bank net gold purchases are expected to remain strong, with estimates of around 800-850 tons for the year, despite a decrease from previous highs [10]. Market Sentiment and Predictions - Analysts predict that gold prices may continue to rise, with some forecasting a target of $5,000 per ounce by 2026, driven by ongoing geopolitical tensions and economic uncertainties [10][11]. - The market is advised to adopt a defensive strategy, focusing on diversified investments to mitigate risks associated with potential volatility in gold prices [8][9].

近日，2025人民财经论坛在北京举行，会上正式揭晓了人民网"2025建设金融强国创新实践案例"入选名 单。其中，招联消费金融股份有限公司（简称"招联"）申报的"构筑AI智能体新生态 引领行业数智化转 型"案例，成功获评2025建设金融强国创新实践"数字金融"案例。这是继2024年"科技助力消保 招联数 智赋能升级金融服务质效"入选"普惠金融"案例后，招联连续第二年获此殊荣，均系唯一入选的消费金 融机构。 发展普惠金融，让社会不同群体都平等享受基础金融服务，是金融工作政治性、人民性的重要体现，也 是金融助力实现共同富裕的重要路径。在产品运营领域，招联打造了以"自信""自愈"服务为代表的数智 化"自服务"体系。其中，"自信"支持7x24小时在线服务，通过AI语音助手的高效指引，让40%的客户在 传统机构无法提供信贷服务的时间完成自助认证和审批，实现时间和空间上的无障碍服务，显著提升了 金融服务的可得性和便捷度，已为超1500万客户降价和减免利息。"自愈"则将"主动找客户"的传统贷后 模式进化为"客户主动找"的新型贷后交互模式，不仅为客户排忧解难、呵护信用，也能让客户感受到尊 重与关怀。截至目前，"自愈"已服务超2 ...

Core Insights - The core focus of the news is on the advancements and future prospects of artificial intelligence (AI), humanoid robots, and 6G technology in China by 2025, highlighting significant growth in these sectors. Group 1: Humanoid Robots - By 2025, the number of humanoid robot manufacturers in China is expected to exceed 140, with over 330 humanoid robot products released, marking 2025 as the year of mass production for humanoid robots [2][3] - The Ministry of Industry and Information Technology (MIIT) is supporting the establishment of innovation centers in Beijing and Shanghai for humanoid robots, focusing on developing open-source platforms and operating systems [3][4] - The MIIT aims to drive the application of humanoid robots in high-value scenarios, enhancing their integration into daily life and industrial settings [3][4] Group 2: Artificial Intelligence - The core industry scale of AI in China is projected to surpass 1.2 trillion yuan by 2025, with over 6,000 AI companies expected to emerge [5][6] - AI applications are expanding across key industries such as steel, electricity, and telecommunications, with significant penetration into product development and quality control processes [6][7] - The market for AI-enabled consumer products, such as AI glasses, is growing rapidly, with over 178 million units shipped in the first three quarters of 2025, 80% of which are AI glasses [6] Group 3: 6G Technology - The first phase of 6G technology trials has been completed, with over 300 key technologies developed, and the second phase of trials has recently commenced [9][10] - China has built the world's largest and most advanced information infrastructure, including 483.8 million 5G base stations, and is focusing on upgrading to 5G-A networks [10][11] - The MIIT plans to enhance network capabilities and promote the integration of 5G and industrial internet into various sectors, supporting the digital transformation of the economy [11]

Group 1 - The core viewpoint of the article highlights the significant stock price fluctuations of Liou Co., Ltd. (002131) in the AI application sector, with a notable drop of 10% on January 21, 2026, and a trading volume exceeding 120 million shares, amounting to over 10 billion yuan [2] - Liou Co., Ltd. experienced a cumulative increase of 102.73% in stock price from December 31, 2025, to January 15, 2026, indicating strong market interest prior to the recent decline [2] - The company announced that its stock would resume trading on January 21, 2026, after completing an internal review regarding the stock price volatility, confirming that no corrections or supplements to previously disclosed information were necessary [2][3] Group 2 - The company emphasized that its main business operations remain normal and that there have been no significant changes or undisclosed major matters affecting its operations [3] - As of January 19, 2026, the average price-to-book ratio for the "business services" industry was reported at 2.27 times, with a rolling price-to-earnings ratio of 33.35 times [3] - Liou Co., Ltd.'s latest price-to-book ratio stands at 5.32 times, and its rolling price-to-earnings ratio is significantly higher at 143.98 times, indicating a premium valuation compared to industry averages [4] - The company clarified that revenue from AI-related businesses constitutes a small proportion of its overall revenue and does not significantly impact its overall operational performance and financial condition [4]

Core Viewpoint - Hualing Cable (001208.SZ) announced the termination of its acquisition of Hunan Xingxin Aerospace New Materials Co., Ltd. after nearly 10 months of planning, leading to a significant drop in its stock price [2][4]. Group 1: Acquisition Details - Hualing Cable's acquisition plan for Xingxin Aerospace was seen as a substantial move in the commercial aerospace sector, given Xingxin's role as a key supplier of high-temperature resistant materials for various space missions [3][4]. - The termination was due to unresolved differences in key terms such as valuation and payment methods, despite ongoing negotiations [4][5]. - Analysts suggest that such valuation and payment discrepancies are common in emerging industries like commercial aerospace and semiconductors, highlighting the need for better communication and flexible payment structures [4][6]. Group 2: Market Reaction - Following the announcement, Hualing Cable's stock price fell to 24.11 yuan, a 10% drop, and opened at 22.86 yuan the next day, reflecting a 5.18% decrease [5]. - Prior to the acquisition's termination, Hualing Cable's stock had seen significant gains, with a 60% increase over a short period, reaching a high of 31.90 yuan [5][6]. - Despite the recent decline, the stock price remains 78.59% higher than its closing price of 13.50 yuan on December 10, 2025 [5]. Group 3: Financial Performance - Hualing Cable's total revenue has shown stable growth, increasing from 2.543 billion yuan in 2021 to 4.158 billion yuan in 2024, with a net profit of 109 million yuan in 2024, up 26.1% year-on-year [5][6]. - For the first three quarters of 2025, total revenue reached 3.376 billion yuan, an 8.6% increase year-on-year, with a net profit of 92 million yuan, up 6.7% [6]. - The company's gross profit margin has declined from 18.44% in 2021 to 11.58% in the first three quarters of 2025, indicating pressure on profitability [6]. Group 4: Future Prospects - Despite the acquisition's failure, Hualing Cable remains committed to exploring opportunities in the commercial aerospace sector and has plans for further acquisitions [2][7]. - The company has already established a presence in the aerospace field, providing specialized cables for various aerospace applications [7][8]. - Hualing Cable has announced another acquisition plan to purchase 70% of Anhui San Zhu Intelligent Technology Co., Ltd., indicating ongoing expansion efforts [8].

Market Overview - The global market risk appetite has significantly decreased following President Trump's renewed tariff threats towards Europe, leading to a sell-off in major stock indices [1] - On Tuesday, the Dow Jones Industrial Average fell by 870.74 points (1.76%) to 48,488.59, the S&P 500 dropped by 143.15 points (2.06%) to 6,796.86, and the Nasdaq Composite declined by 561.07 points (2.39%) to 22,954.32, marking the worst single-day performance since October 10 of the previous year [1] - The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's "fear gauge," surged above 20, reaching a recent high [1] Technology Sector - Major tech stocks experienced significant declines, with Nvidia and Tesla dropping over 4%, Apple and Amazon falling over 3%, and Google decreasing by over 2% [2] - The Nasdaq Golden Dragon China Index fell by 1.44%, with Bilibili down 6.8% and Alibaba nearly 2% [2] Currency and Bond Market - The US dollar index saw a substantial drop, with an intraday decline of approximately 0.8% and a closing decrease of nearly 0.5% [2] - US Treasury bonds experienced a broad decline, with the 10-year Treasury yield rising by 6.76 basis points to 4.2906%, the 2-year yield increasing by 0.87 basis points to 3.5947%, and the 30-year yield climbing by 7.92 basis points to 4.9158% [2] - The 30-year and 10-year Treasury yields reached new highs not seen since early September of the previous year, indicating a rise in yields correlating with a drop in bond prices [2] Global Market Influences - The sell-off was initially triggered by domestic issues in Japan, where concerns over the Prime Minister's tax cuts and increased spending plans led to a rise of over 25 basis points in the 30-year Japanese government bond yield [2] - This increase threatened the so-called arbitrage trading strategy of borrowing low-interest yen to purchase global assets, contributing to rising bond yields in other regions [2] Safe-Haven Assets - Heightened market risk aversion has driven international gold and silver prices to new highs, with spot gold and New York futures exceeding $4,763 per ounce and spot silver surpassing $94 per ounce [3] - The price of gold rose by 2.01% and silver by 0.18% on the London market [4] Cryptocurrency Market - The cryptocurrency market faced a widespread decline, with Bitcoin falling below $90,000 and Ethereum dropping below $3,000, resulting in approximately 163,000 liquidations across the market [4]

Group 1 - Recent international crude oil prices have shown an upward trend due to geopolitical conflicts, leading to an expected increase in domestic refined oil prices in China [1][3] - As of January 20, the average price of crude oil was $61.22 per barrel, with a change rate of 2.60%, prompting an increase in domestic gasoline and diesel prices by 85 yuan per ton [3][4] - The price adjustments will result in a slight increase in consumer fuel costs, with small private cars expected to spend an additional 3.5 yuan for a full tank, and heavy trucks seeing an increase of approximately 124 yuan in fuel costs [3][4] Group 2 - Geopolitical tensions, particularly in the Middle East and the situation involving Iran, have significantly influenced international oil prices, with concerns about supply risks driving prices higher [6][7] - Analysts predict that the next round of domestic refined oil price adjustments will likely see an increase, with expectations of a change rate around 0.7% and a potential price increase of approximately 40 yuan per ton [6][7] - Despite short-term price increases, the long-term outlook for oil prices remains bearish due to an oversupply situation, with forecasts suggesting Brent crude oil prices could average around $68 per barrel in 2025 and drop to between $50 and $55 per barrel in 2026 [9][10]

"内需已经成为驱动转型升级的主动力，引领创造了具有全球影响力的大市场。消费在向新而行，新能 源汽车、网络销售市场规模保持全球第一；投资在向优发力，高技术服务业投资去年增长3.5%，特别 是绿色能源投资持续快速增长。"他说。 服务消费成新亮点 2025年12月底，深圳岗厦北地铁站迎来了一场特殊的展览。展览名为"深临奇晋——山西文化巡展"，以 《黑神话：悟空》山西取景地为线索，将3.3米高的应县木塔模型、佛光寺和南禅寺等木构建筑模型， 以及永乐宫《朝元图》、开化寺壁画、玉皇庙二十八星宿彩塑复制品等重磅展品放置在深圳之眼购物中 心南区展示。《华夏时报》记者在现场看到，不少市民走出地铁站后被巨大的模型或条幅展品吸引，在 展品前驻足观看了好一会儿才离开。 这仅是我国文化、旅游等服务消费不断创新的一个缩影。国家统计局局长康义表示，服务消费是2025年 经济运行中的重要亮点。随着人民生活水平提升，居民消费正从商品消费为主向商品和服务消费并重转 变，服务消费潜力不断释放。2025年服务零售额比上年增长5.5%，快于商品零售额1.7个百分点，最终 消费支出对经济增长的贡献率是52%，比上年的贡献率提高了5个百分点，是经济增长的 ...

Core Viewpoint - Honor is intensifying its efforts in the high-end smartphone market by launching three new models, all priced above 4000 yuan, amidst rising memory prices and fierce competition in the smartphone market [2][4]. Group 1: Product Launches - On January 19, Honor launched three new smartphones: the lightweight Magic8 Pro Air starting at 4999 yuan, the youth-oriented Honor 500 Pro Molly collaboration model starting at 4499 yuan, and the ultra-high-end Magic8 RSR Porsche Design starting at 7999 yuan [2][3]. - The Magic8 Pro Air is designed to be lightweight, weighing approximately 155g and measuring about 6.1mm thick, making it lighter than Apple's iPhone Air by 10g [2]. Group 2: Market Trends - The smartphone market is experiencing a surge in memory prices, with predictions of a 40%-50% increase in storage prices in Q1 2026 and an additional 20% rise in Q2 2026 due to high demand from AI and server capacities [4]. - The high-end smartphone market (priced above 600 USD) is expected to grow by 5.4 percentage points in market share, reaching 35.9%, while the low-end market (below 200 USD) is projected to shrink to 20% [5]. Group 3: Company Strategy and Performance - Honor's new management team, marking its one-year anniversary, aims to transition from a smartphone manufacturer to an AI terminal ecosystem company, with a commitment to invest 10 billion USD over the next five years [6]. - In 2022, Honor's smartphone shipments exceeded 71 million units, marking a 9% growth, with overseas sales increasing by 47%, accounting for over 50% of total sales [7]. - Despite these achievements, Honor remains the sixth largest player in the Chinese smartphone market, with a market share of 13.1%, closely trailing behind Xiaomi [7][8].

本报（chinatimes.net.cn）记者卢梦雪 北京报道 柳州银行股权迎来重大变动，广西国控资本运营集团有限责任公司（下称"广西国控"）受让11家股东股 权后成为该行控股股东。 广西金融监管局近日发布的批复显示，广西国控受让了柳州银行11家股东股权，持股比例升至 67.44%，柳州银行正式由市级国资控股变为省级国资控股。 而此次的11家股权转让方均为市属国资企业，其中8家曾在柳州银行前十大股东之列。转让后，柳州银 行控股权转移至广西国控。 具体来看，本次转让股权的11家股东中，此前在柳州银行持股比例在10%以上的有5家，即原第一大股 东柳州市财政局（19.99%）、柳州东通投资发展有限公司（10.65%）、广西柳州市东城投资开发集团 有限公司（10.65%）、柳州市龙建投资发展有限责任公司（10.65%）、广西柳州市建设投资开发有限 责任公司（10.65%）。 另外6家中，柳州市城市投资建设发展有限公司此前持股比例为8.74%、柳州市温馨房地产开发有限责 任公司持股比例为4.81%，广西柳州市投资控股集团有限公司为3.24%；而广西柳州市农业基础设施投 资建设集团有限公司、柳州市房地产开发有限责任公司、 ...