Market Overview - The three major indices turned negative during the session, with the Shanghai Composite Index experiencing narrow fluctuations, the ChiNext Index rising and then falling, and the Sci-Tech 50 Index dropping over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.02 trillion yuan, an increase of 103.9 billion yuan compared to the previous trading day [1] - Over 2,800 stocks in the market declined, indicating a broad market downturn [1] Sector Performance - Precious metals sector showed repeated activity, with Western Gold achieving four consecutive daily limits, China Gold with five consecutive limits, and Hunan Gold with four consecutive limits [1] - Oil and gas stocks continued to perform strongly, with Tongyuan Petroleum rising over 10% [1] - AI application concepts were active, with Zhejiang Wenlian achieving four limits in eight days, and companies like Yinsai Group and Yue Media hitting the daily limit [1] - The banking sector saw sustained growth, with Qingdao Bank hitting the daily limit [1] - The real estate sector experienced a rebound, with stocks like Dayue City, Sanxiang Impression, and I Love My Home hitting the daily limit [1] - The semiconductor industry chain showed weak performance, with Beijing Junzheng and Shenkong shares dropping over 6% [1] Trading Metrics - The limit-up performance rate was 63.00%, with 47 stocks hitting the limit and 28 stocks touching the limit [4] - The limit-up performance from the previous day was 3.76%, with a high opening rate of 75% [4]

官方称，"奔驰140年"旨在纪念1886年1月29日卡尔.本茨递交奔驰一号专利申请这一历史时刻。 同时，鸿蒙智行、吉利汽车、蔚来汽车、理想汽车等同行也纷纷向奔驰发出了生日祝福。 凤凰网科技讯1月29日，小米创办人，董事长兼CEO雷军转发"小米汽车"的文章并称：致敬行业先行 者，祝奔驰140岁生日快乐。"小米汽车"称，奔驰140年，就是汽车工业的140年。 ...

为解决世界模型训练中高质量交互数据匮乏的问题，LingBot-World采用了混合采集策略：一方面通过 清洗大规模的网络视频以覆盖多样化的场景，另一方面结合游戏采集与虚幻引擎（UE）合成管线，从 渲染层直接提取无UI干扰的纯净画面，并同步记录操作指令与相机位姿，为模型学习"动作如何改变环 境"提供精确对齐的训练信号。 凤凰网科技讯（作者/董雨晴） 1月29日，继连续发布空间感知与VLA基座模型后，蚂蚁灵波科技开源 发布世界模型LingBot-World。据披露，该模型在视频质量、动态程度、长时一致性、交互能力等关键 指标上追平Google Genie 3，目标是为具身智能、自动驾驶及游戏开发提供高保真、高动态、可实时操 控的"数字演练场"。 针对视频生成中最常见的"长时漂移"问题（生成时间一长就可能出现物体变形、细节塌陷、主体消失或 场景结构崩坏等现象），LingBot-World通过多阶段训练以及并行化加速，实现了近10分钟的连续稳定 无损生成，为长序列、多步骤的复杂任务训练提供支撑。 交互性能上，LingBot-World可实现约16 FPS的生成吞吐，并将端到端交互延迟控制在1秒以内。用户可 通过键盘或 ...

1月29日，印尼股市跌幅扩大至8%，触发市场暂停交易。 ...

Core Viewpoint - Raytron Micro-Nano has reported an impressive performance forecast for 2025, expecting a net profit of approximately 1.1 billion yuan, representing a year-on-year growth of about 93%, significantly exceeding previous estimates from domestic brokerages [1][4][5]. Financial Performance - The company anticipates a net profit of around 1.1 billion yuan for 2025, with a non-recurring net profit of approximately 1.01 billion yuan, reflecting a year-on-year increase of about 98% [4]. - For the first three quarters of 2025, Raytron Micro-Nano reported a main operating revenue of 4.086 billion yuan, up 29.72% year-on-year, and a net profit of 707 million yuan, an increase of 46.21% [4][5]. - The fourth quarter is projected to see a net profit of about 393 million yuan, marking a staggering year-on-year growth of 359.55% [7]. Market Position and Growth Drivers - Raytron Micro-Nano has become the global leader in the thermal imaging micro-measurement radiometer market, achieving a dual championship in both shipment volume and revenue, capturing 33% of global shipment volume and 26% of revenue [3][7]. - The company's stock price has surged over 160% in the past year, reflecting strong market demand and a robust growth trajectory [3][11]. - The company maintains a high R&D intensity of nearly 20%, which strengthens its technological barriers and supports the development of multi-dimensional perception technologies [3][11]. Business Strategy and Product Development - Raytron Micro-Nano focuses on infrared technology as its core business, while also expanding into microwave and laser technologies, forming a "three-in-one" collaborative development system [4][12]. - The company has invested heavily in R&D, with R&D expenses amounting to 812 million yuan in the first three quarters of 2025, accounting for 19.88% of its operating revenue [12]. - The company is actively expanding its market presence, driven by military demand and rapid penetration into civilian applications, utilizing a B2B direct sales model complemented by e-commerce channels [14]. Future Outlook - The company is expected to benefit from increasing regulatory requirements for infrared temperature measurement in Europe and the U.S., as well as a surge in demand for drone infrared applications [15]. - Raytron Micro-Nano is positioned to achieve steady and sustainable growth, bolstered by contracts with major automotive manufacturers and ongoing developments in satellite communication and laser communication modules [15].

这也令不少业内人士感慨：周三这场美联储议息会议留下的最大亮点，反倒是美联储理事沃勒时隔半年再度投下的反对票…… 包括素有"新美联储通讯社"之称的著名记者Nick Timiraos在内的业内人士在美联储会前就曾表示，沃勒的投票可能会受到特别的审视——因为他目前仍然是 特朗普心目中可接替鲍威尔的人选之一。 投票支持降息可能有助于沃勒增添目前看来希望渺茫的候选资格胜算——因这将与总统的立场更为一致，特朗普此前曾表示不会选择任何不同意他提出的降 低借贷成本要求的人。而如果沃勒与大多数人一起投票支持按兵不动，他作为独立发声者或许会声誉更隆，但也将彻底失去担任下任主席的可能。 1月29日，美联储2026年的首场议息会议在周三落下了帷幕。整体而言，这场美联储年内的首秀可以称得上"乏善可陈"：美联储按兵不动维稳利率的决定符 合市场事先的预期；而在会后新闻发布会上，鲍威尔面对特朗普政府的"极限施压"、主席任期结束后的去留问题、乃至美元汇率的异动等敏感话题，都选择 了"避而不答"…… 沃勒或需给出合理解释 讽刺的是，包括Levin在内的市场人士，此前在特朗普选中的几位主席候选人中大多都更为支持沃勒，因为其长期以来的美联储理事背景 ...

Core Viewpoint - The real estate sector experienced a volatile rebound on January 29, with several companies, including Dayue City and Sanxiang Impression, hitting the daily limit for stock price increases. Other companies such as New Town Holdings, Binjiang Group, Jingtou Development, and Huaxia Happiness also saw significant gains. [1] Group 1 - The regulatory requirement for companies to report the "three red lines" indicators on a monthly basis has been lifted for many firms, indicating a potential easing of regulatory pressure in the real estate sector. [1] - Some distressed real estate companies are still required to regularly report their asset-liability ratios and other financial indicators to specialized teams in their respective headquarters cities. [1]

Core Viewpoint - Alibaba's Pingtouge has launched a high-end AI chip named "Zhenwu 810E," which features fully self-developed hardware and software, marking a significant development in its AI capabilities [1] Group 1: Product Launch - The "Zhenwu 810E" chip has been officially launched on Alibaba Pingtouge's website [1] - This chip has garnered attention due to its complete self-research and development, indicating a strategic move by Alibaba in the AI sector [1] Group 2: Performance Comparison - The overall performance of the "Zhenwu" chip surpasses that of NVIDIA's A800 and mainstream domestic GPUs, and is comparable to NVIDIA's H20 [1] Group 3: Strategic Collaboration - The launch of the "Zhenwu 810E" highlights the collaboration between Tongyi Laboratory, Alibaba Cloud, and Pingtouge, forming what is referred to as Alibaba's AI "Golden Triangle" [1]

1月29日，沪金主力合约强势突破1200元/克整数关口，现报1229.90元/克，续创历史新高，本月累涨超 25%。 ...

Core Viewpoint - The new real estate policy in Beijing has led to a significant increase in second-hand housing transaction volumes and improved conversion rates for quality new homes, although regional and project differentiation remains evident [1][2][4]. Market Performance Post-New Policy - Following the implementation of the new policy on December 24, 2025, the transaction volume for second-hand homes increased by 33% from the previous month [2]. - Market activity indicators such as new customer inquiries and property viewings rose by 14% and 18%, respectively, during the same period [2]. - The average daily registration of new residential properties reached 96 units, marking a 4.3% increase compared to the pre-policy period [2]. Factors Contributing to Market Improvement - Improved market expectations due to the recent policy changes have positively influenced the market sentiment [3]. - The new policy has led to a concentration of signings, with its long-term effects expected to gradually manifest [3]. - Seasonal trends typically see a natural market recovery in the first quarter, further supported by the timing of the upcoming Spring Festival [3]. Buyer Behavior and Market Dynamics - First-time buyers are currently the dominant force in the market, driven by year-end bonuses and the typical seasonal uptick in demand [3]. - The market is showing a preference for entry-level housing, particularly in suburban areas and secondary centers [3]. - The overall market is characterized as a buyer's market, with both buyers and sellers exhibiting more rational attitudes towards pricing [4]. Structural Differentiation in the Market - There is a notable structural differentiation in market performance, with premium projects in core areas benefiting significantly from the new policy, while suburban and non-core projects show weaker performance [4]. - The number of second-hand residential listings has decreased, indicating a stabilization in seller expectations and early signs of market bottoming [4]. Overall Market Outlook - In 2025, second-hand homes accounted for 81% of total residential transactions in Beijing, with a significant portion of sales concentrated in properties priced below 3 million yuan [5]. - The market is expected to continue its slow recovery, with ongoing structural inventory pressures and a potential for improved demand as policies remain supportive [6]. - The differentiation between new and second-hand homes is becoming more pronounced, with new homes targeting higher-end buyers while second-hand homes are trending towards lower price points [6].