Core Viewpoint - The China Securities Regulatory Commission (CSRC) has added 14 futures and options products for foreign traders to participate in domestic trading, enhancing market accessibility and diversity [1] Group 1: New Products Introduced - The newly added products include nickel futures and options from the Shanghai Futures Exchange [1] - The Zhengzhou Commodity Exchange will offer futures and options for paraxylene, bottle flakes, short fibers, and purified terephthalic acid [1] - The Guangzhou Futures Exchange will introduce lithium carbonate futures and options [1] - The Shanghai International Energy Exchange will provide options for No. 20 rubber, low-sulfur fuel oil, and international copper [1] Group 2: Regulatory Oversight - The CSRC will supervise relevant futures exchanges to ensure proper preparations for the smooth introduction of these products for foreign traders [1]

Core Viewpoint - The Ministry of Finance, Ministry of Industry and Information Technology, People's Bank of China, and the Financial Regulatory Administration jointly issued a notification to implement a special guarantee plan for private investment, with a total quota of 500 billion yuan over two years, aimed at supporting eligible small and micro enterprises' loans [1] Group 1: Special Guarantee Plan - The special guarantee plan is a concrete implementation of the government's policy to promote domestic demand through financial collaboration [1] - Private investment accounts for over 50% of total fixed asset investment in China, playing a crucial role in stabilizing the economy [1] - The manufacturing sector represents about 40% of total private investment, with a focus on intelligent, green, and integrated development driven by policies for equipment upgrades [1] Group 2: Investment Demand and Barriers - There are obstacles to new private investment, particularly in meeting the investment demands arising from market entities' development and transformation [2] - External funding support, such as bank credit, is theoretically capable of meeting long-term investment needs, but current economic pressures and declining credit quality in some sectors hinder this [2] Group 3: Targeted Support and Areas of Focus - The notification specifies that the plan will support loans for purchasing equipment, raw materials, technological upgrades, and various consumption sectors, enhancing domestic demand [3] - A "negative list" is included to ensure resources are directed to the most needed areas, stimulating economic vitality [3] Group 4: Improvement of Guarantee System - The notification highlights the enhancement of the guarantee system's service capabilities, establishing a three-tier service system involving national, provincial, and municipal guarantee companies [4] - Measures proposed include increasing risk-sharing ratios, lowering guarantee fees, and enhancing the capital strength of guarantee funds to improve the sustainability and service capacity of local guarantee institutions [4] Group 5: Initial Implementation and Impact - Within a week of the notification's release, regions such as Shandong, Sichuan, and Hunan have already implemented the first batch of the special guarantee plan [5] - This initiative is seen as a "blood transfusion" for private investment financing and an opportunity for the transformation of the financing guarantee system [5]

冬季风暴席卷美国，给多地带来强降雪等极端天气。 目前美国全国已有至少十八个州宣布进入紧急状态，约1.7亿人处于极端天气警报覆盖范围内。 根据航班追踪网站FlightAware的数据，美国已有超过1.3万架次航班被取消，且这一数据仍在上升。这 是自去年美国政府"停摆"、航空管制人员短缺引发航班混乱以来，最严重的一次航空出行中断。 更多信息显示，这场风暴的影响范围将横跨美国逾3000公里，或将是美国多年来规模最大的冬季风暴之 一。 风暴预计将给得州等南部地区带来暴雪，从俄克拉何马州至首都华盛顿、纽约市及波士顿市的沿线区域 积雪可达300毫米，随后的极寒空气或使明尼苏达州和北达科他州部分地区气温降至零下46摄氏度左 右。 美国部分政府设施关闭 学校停课 美国国家气象局此前警告称，此次风暴可能造成道路结冰、出行困难，降雪与大风叠加将显著降低能见 度，并可能引发树木倒塌和断电。 为防范冬季风暴的影响，美国华盛顿特区的联邦政府办公室将于26日关闭；美国密西西比大学、伊丽莎 白敦学院等多所院校相继发布停课通知。 美国国土安全部：已准备好提供支援 23日，美国国土安全部部长诺姆表示，美国联邦紧急事务管理局等政府部门已经与可能 ...

距离"史上最长"春节假期（自2月15日至2月23日，放假调休共计9天）还有三周，旅游市场已经提前升温。 针对学生票长期执行的"每学年4次单程优惠"全国统一标准，铁路部门今年首次面向高校毕业生推出"求职专项加2次优惠票"政策，即由原来的每学年4次 增长至6次，为毕业生异地求职提供更好的出行服务。另据飞猪数据，1月份以来，随着国内高校陆续放假，大学生机票预订量同比增长超20%。 据部分旅游平台统计，从目的地看，避寒、追雪、跨境游是春节假期出游的显著趋势，这带动南方沿海目的地、大西北目的地等预订增速领先。截至目 前，海南、广西、云南、福建4省的预订量同比增幅接近翻倍；新疆、青海、甘肃、内蒙古4省的预订量同比 增长 均超过1倍。 由于2026年春节法定假期的延长，国内游客出境游的飞行半径显著拉长。飞猪数据显示，1月前两周，出境游服务预订量同比增长近40%，在出境游预订 量排名前二十位的国家中，"八小时飞行圈"及更长线的国家占比已经超过六成。其中，土耳其、新西兰、俄罗斯、澳大利亚、越南等国增速最快，普遍录 得1倍以上增速。 数据同时显示，春节不仅是中国人的团圆时刻，也是外国游客来中国体验节庆文化的重要契机：入境游机票预 ...

近日，中国证监会网站披露的行政处罚决定书（〔2026〕1号）显示，因操纵证券市场，证监会决定没收余韩违法所得约5.11亿元，并处以等额罚款，罚 没合计金额超过10.2亿元。 经查明，当事人余韩存在以下违法事实： 2019年6月25日至2024年8月16日（以下简称"操纵期间"），余韩控制使用"陈某某"等67个账户交易"博士眼镜（300622）"。操纵期间，余韩通过集中资金 优势、持股优势连续买卖，在自己实际控制的账户之间进行交易等手段操纵"博士眼镜"，影响股票交易价格和交易量。 操纵期间，"博士眼镜"股票价格从13.72元每股上涨至37.81元每股，涨幅达175.58%。同期，深证成指下跌9.36%，偏离184.94个百分点。 行政处罚决定书披露了余韩操纵"博士眼镜"的手法： 一方面，余韩集中资金优势、持股优势连续买卖。操纵期间共1252个交易日，账户组在837个交易日参与交易，累计竞价买入110606468股，金额 2109994422.84元，累计竞价卖出101705668股，金额2153634223.91元，买入成交量占市场成交量的比例超过10%的有181个交易日，超过20%的有45个交 易日。账户组期 ...

民政部要求，要强化监管，发挥综合监管作用，强化信息系统技防优势，确保惠民政策能够直达快享； 强化服务监管，严格执行核查机制，要求基层民政部门按照不低于1%的比例进行实地核查，避免一销 了之的情况。特别是要压实养老服务机构主体责任，对于敢于以身试险的要强化惩戒措施；强化评估监 管。要严格执行国家标准和评估规范，做好互认共享。 为更好地满足失能老年人及家庭居家养老服务需求，在试点工作基础上，国家对消费补贴政策进行了调 整，加大了对居家上门服务的补贴力度。调整后，长期入住机构、日间托养、"喘息"服务、上门服务消 费抵扣比例分别为40%、40%、40%和50%，月最高抵扣额度均为800元。与试点阶段相比，上门服务消 费抵扣比例和月最高补贴额分别提高25%和60%。补贴项目包括居家、社区、机构养老服务，涵盖助 餐、助浴、助洁、助行、助急、助医以及康复护理、日间托养等多项服务内容。 在实操层面，养老服务消费补贴以电子消费券形式发放，老年人或代办人可通过"民政通"App或微信小 程序。进行线上注册申请，经能力评估符合条件后，5个工作日内发放首月消费券，后续每月1日自动续 发后需老年人或代办人点击领取。电子消费券的有效期为1 ...

Core Viewpoint - The Bank of Japan (BOJ) decided to maintain the policy interest rate at 0.75%, aligning with market expectations, while one member voted against this decision, advocating for an increase to 1.0% due to achieved price stability and rising inflation risks from overseas economic recovery [1][2]. Group 1: Monetary Policy Decision - The BOJ's decision was passed with an 8 to 1 vote, with dissent from member Takeda, who argued for a rate hike based on the current economic conditions [1]. - The BOJ indicated that it would continue to raise policy rates if economic and price trends align with its forecasts, highlighting a balanced risk outlook for both economic and inflation prospects [1]. Group 2: Economic and Inflation Risks - The BOJ noted uncertainties in the global economic outlook, particularly regarding trade policies that could increase import prices and impact supply chains [2]. - The IMF has warned that Japan's debt-to-GDP ratio exceeds safe limits, raising concerns about potential debt default risks, especially with the upcoming elections possibly leading to more expansionary fiscal policies [2]. Group 3: Market Reactions - Following the BOJ's announcement, Japanese government bond yields surged, with 5-year, 30-year, and 40-year bonds reaching historical highs, while the 10-year bond yield was reported at 2.239% [2]. - The market is closely monitoring the upcoming press conference by BOJ Governor Ueda, which may influence the yen's exchange rate and provide insights into future monetary policy directions [1].

Group 1 - The core viewpoint of the articles is that the price of gold has surged, breaking the $4900 per ounce mark, reaching a historical high of $4953 per ounce as of January 23 [1] - The rise in gold prices is attributed to the long-term trend of "de-dollarization," which is seen as a structural factor supporting gold's value over time [2] - Multiple long-term trends are influencing gold prices, including the reconstruction of the international monetary system, rising macro leverage ratios, and the current economic cycle [2] Group 2 - Looking ahead to 2026, the logic supporting the long-term rise in gold prices remains unchanged, with ongoing monetary easing and a continued trend of central banks purchasing gold [3] - The World Gold Council indicates that future policy risks, inflation expectations, and investor positions will shape the direction of gold prices [3] - Investment options for ordinary investors in the gold market include various products such as physical gold, gold-themed financial products, gold ETFs, and related stocks [4] Group 3 - As of January 23, the price of accumulated gold has exceeded 1100 yuan per gram, reflecting the overall upward trend in gold prices [4] - The price of branded gold has also increased, nearing 1500 yuan per gram as of January 23 [6]

何咏前表示，我们认为，欧方使用非技术性标准强行限制，甚至禁止企业准入，不仅严重妨碍公平竞 争，严重扭曲市场，而且损人不利己，是在自造风险，威胁数字产业的供应链安全。 "我们敦促欧方在网络安全方面坚持技术中立原则，切勿泛化安全，在保护主义的道路上越走越远，更 不要阻碍中欧正常的经贸合作。中方将密切关注欧方相关动向，一旦欧方对中国企业采取歧视性举措， 中方必将坚决采取措施，坚定维护中国企业的合法权益。"何咏前表示。 何咏前表示，中国企业长期在欧洲依法合规经营，为欧洲民众提供了优质的产品和服务，有力促进了欧 洲电信和数字产业发展。然而，欧盟却在毫无事实依据的情况下，将部分中国企业列为高风险供应商， 限制中国企业参与5G建设。我们坚决反对欧方对中国企业的歧视行为和将经贸问题政治化、泛安全化 的错误做法。 1月20日，欧盟委员会提出一项新的《网络安全法案》修订草案，拟在关键基础设施中逐步停用高风险 供应商的组件和设备，此举被普遍视为针对中国公司。 对此，1月22日，商务部新闻发言人何咏前在商务部举行的例行新闻发布会上回应称，中方注意到，欧 盟于1月20日发布了相关文件，强制要求成员国在能源、交通、ICT服务管理等18个 ...

Core Viewpoint - The agricultural sector in China has achieved a record grain production of 14.298 trillion jin, marking an increase of 16.8 billion jin, and has maintained a stable output above 14 trillion jin for two consecutive years, contributing to rural employment and income growth [1] Group 1: Agricultural Production and Employment - Grain production reached 14.298 trillion jin, an increase of 16.8 billion jin, setting a new historical high [1] - The scale of employment for rural laborers in poverty alleviation efforts exceeded 32 million [1] - The per capita disposable income of rural residents reached 24,456 yuan, reflecting a real growth of 6% compared to the previous year [1] Group 2: Poverty Alleviation and Rural Revitalization - The transition to a normalized assistance phase for poverty alleviation has begun, with a focus on maintaining stable support policies [2] - A mechanism for monitoring and preventing poverty has been established to ensure early detection and intervention for at-risk populations [2] - Emphasis on developing county-level leading industries to enhance local economic development and improve public services [3] Group 3: Technological Innovation in Agriculture - The role of technology in modernizing agriculture is increasing, with a focus on integrating technological and industrial innovation [4] - Initiatives to strengthen the supply of high-quality technological achievements and promote the cultivation of leading agricultural technology enterprises are underway [4] - Efforts are being made to enhance the application of agricultural technology and establish testing platforms for new agricultural technologies [4] Group 4: Enhancing Agricultural Efficiency and Quality - The agricultural sector aims to improve overall production capacity and quality, focusing on high-quality development [5] - Strategies include increasing grain production capacity and ensuring a diversified food supply system [5][6] - There is a strong emphasis on quality improvement, promoting green and organic products, and enhancing agricultural standards [6][7] Group 5: Rural Economic Development - The focus is on cultivating rural industries that increase income and enhance the value of rural resources [7] - Development of agricultural processing industries and new business models such as cultural tourism and live-streaming sales are being promoted [7] - Efforts to improve the quality of new agricultural business entities and enhance agricultural social services are ongoing [7]