Group 1 - A-shares are presenting structural opportunities amidst fluctuations, with public funds initiating a new round of investments in sectors like artificial intelligence, semiconductors, and consumption due to moderate economic recovery and accelerated industrial upgrades [1] - The manufacturing investment and A-share capital expenditure contraction are driving supply-demand rebalancing, providing support for corporate profits, while fiscal changes in special bonds will impact A-share pricing [2] - The market is expected to continue attracting significant incremental capital inflows in 2026, with major contributions from insurance funds and financing, while individual investors are primarily high-net-worth individuals with high-risk preferences [2] Group 2 - The AI sector is a focal point for public fund strategies, with expectations for continued strong performance in the AI industry chain in the first half of 2026, driven by breakthroughs in AI model capabilities and significant growth in annual recurring revenue from AI-native applications [4] - The semiconductor industry is experiencing rapid changes driven by AI large models, with a focus on domestic production and R&D, while non-AI semiconductor sectors may face pressure [5] - The consumption sector is anticipated to see a resurgence in investment opportunities in 2026, driven by the release of wealth effects and an upgrade in high-end and service consumption demands [5]

老铺黄金2月18日宣布，将于2月28日进行价格调整，产品调价详情以线上线下产品实际标价为准。 多家老铺黄金门店销售人员告诉记者："已经收到了调价通知，但调价幅度尚未确定。公司产品自2025年10月调价以来，没有进行过调整，但同期国际金 价涨幅较大。因此，这次调整是向上调整。" 销售人员表示，按惯例，老铺黄金每次产品调整幅度都不一样。2025年10月的调整幅度为18%到25%，不同工艺、不同款式均有差别。 近期，国际金价持续高位震荡。Wind数据显示，截至北京时间2月19日13:52，伦敦金现货价格报4996.313美元/盎司，涨0.41%；COMEX黄金期货价格报 5011.5美元/盎司，涨0.04%。 据悉，与传统金店"大盘金价+工费"的计价模式不同，老铺黄金采用的是"一口价+定期调价"的策略，大约每年进行两到三次的调价。2025年，老铺黄金在 2月、8月、10月先后三次上调产品售价。此次调价，将是老铺黄金2026年的首次调价。 随着金价不断走高，金饰品牌的"一口价"产品调价压力正逐步显现。 业内认为，当前，金价走势的决定性因素在于其金融属性。金融属性主导的行情，对顶部时间和点位的判断难度显著提高，不确定性 ...

图片来源：老铺黄金旗舰店 对此，中国证券报记者获悉，老铺黄金此次调价为向上调整。 多家老铺黄金门店销售人员告诉记者："已经收到了调价通知，但调价幅度尚未确定。公司产品自2025年10月调价以来，没有进行过调整，但同期国际金 价涨幅较大。因此，这次调整是向上调整。" 老铺黄金2月18日宣布，将于2月28日进行价格调整，产品调价详情以线上线下产品实际标价为准。 销售人员表示，按惯例，老铺黄金每次产品调整幅度都不一样。2025年10月的调整幅度为18%到25%，不同工艺、不同款式均有差别。 据悉，与传统金店"大盘金价+工费"的计价模式不同，老铺黄金采用的是"一口价+定期调价"的策略，大约每年进行两到三次的调价。2025年，老铺黄金在 2月、8月、10月先后三次上调产品售价。此次调价，将是老铺黄金2026年的首次调价。 随着金价不断走高，金饰品牌的"一口价"产品调价压力正逐步显现。 1月，周生生率先上调部分定价类黄金饰品价格。此后，潮宏基也对"一口价"产品进行价格调整。 此前有消息称，周大福春节后将对黄金产品调价，调价或于3月中旬启动，涨价重点集中在"一口价"产品。对此，周大福方面回应中国证券报记者称，"调 价是真的 ...

2月以来，约58家财险公司披露了2025年车均保费数据。其中，新能源车险表现亮眼。头部互联网保险 平台，万元以下理赔案件最快仅需13.3分钟，定损最快耗时仅116秒，让车险市场的竞争格局与增长逻 辑被重新定义。 互联网车险增长迅猛 腾讯微保则采用比价自选模式，引入超13家主流险企在线报价，一次车辆信息输入即可同步获取多家报 价，一次性报价成功率超90%。在理赔端，微保2025年实现全网保单可理赔，无论是否为平台投保客 户，均可通过微保小程序享受线上理赔报案服务，打造"无障碍理赔"体系。 具体来看，目前国内有14家大中型财产险公司与蚂蚁保在车险业务上开展合作，提供车险报价、出险理 赔以及代驾、道路救援、机动车年检等服务。过去3年，蚂蚁保平台上，在保车辆数保持年均30%以上 的增长。 从2023年至2025年，腾讯微保车险客户用户数已经翻倍，预计2026年增长速度将超过50%。 2025年上半年，众安在线新能源车险总保费同比增长约125.4%，在公司车险总保费中占比超18%。 定价更准定损更快 在"报行合一"深化实施的背景下，车险市场竞争已从价格战转向服务、智能化与生态化的比拼，新兴产 险平台凭借技术优势，在定价 ...

Group 1: Market Performance - European and US stock markets experienced a broad rally, with major indices closing higher. The Dow Jones increased by 0.26%, the Nasdaq rose by 0.78%, and the S&P 500 gained 0.56% [2][3] - The UK FTSE 100 index rose by 1.23%, reaching a record high of 10,715.77 points, while the French CAC40 index increased by 0.81%, also hitting a historical peak of 8,438.52 points [9] Group 2: Commodity Prices - Precious metals and oil prices saw significant increases, with gold futures surpassing $5,000 per ounce. COMEX gold futures rose by 1.94% to $5,001.2 per ounce, and London gold spot prices increased by 2.05% to $4,976.54 per ounce [13][14] - International oil prices also surged, with NYMEX crude oil futures and ICE Brent crude oil futures both rising over 4%, closing at $64.93 per barrel and $70.18 per barrel, respectively [14][15] Group 3: Federal Reserve Insights - The latest Federal Reserve meeting minutes revealed significant internal disagreements regarding future monetary policy. Some members suggested that if inflation decreases as expected, further rate cuts may be appropriate, while others warned that high inflation could necessitate rate hikes [11][12] - Participants in the meeting projected that inflation would gradually decline to the 2% target, but the pace and timing of this decline remain uncertain. There are concerns that progress towards the inflation target may be slower and more unstable than generally anticipated [12]

Group 1: Box Office and Consumer Market - The total box office for the 2026 Spring Festival period (February 15-23) has exceeded 2.2 billion yuan, including pre-sales, with "Flying Life 3," "Silent Awakening," and "Boon Year" leading the box office rankings [1] - The film "Flying Life 3" has surpassed 1 billion yuan in box office revenue as of February 18 [1] - During the Spring Festival holiday, the consumer and tourism markets are experiencing a surge, prompting regulatory measures to maintain price stability in various sectors [2] Group 2: Company News - Tesla announced the production of its first Cybercab, a fully autonomous electric vehicle without a steering wheel or pedals, at its Texas Gigafactory, with mass production expected to start in April [4] - Starry Sky Technology, a company in Beijing's economic development zone, has completed nearly 11 rounds of financing totaling around 3 billion yuan, achieving a valuation of 10 billion yuan, making it a notable player in the embodied intelligence sector [4] - Lao Pu Gold announced a price adjustment for its products, effective February 28, with details to be confirmed based on actual pricing [4] Group 3: Strategic Partnerships - Nvidia has established a multi-year strategic partnership with Meta, involving the deployment of millions of Nvidia GPUs and the large-scale deployment of Nvidia Grace CPUs, with plans to co-design Meta's next-generation AI models [5]

美联储公布的最新会议纪要显示，与会者预计通胀率将逐步下降至2%的目标水平，但下降的速度和时间仍不确定。部分与会者认为，在通胀率偏高的情 况下进一步降息，可能会削弱市场对美联储通胀目标承诺的信心。 欧美股市集体上涨 数据显示，当地时间2月18日，美股三大指数集体上涨。截至收盘，道指涨0.26%，纳指涨0.78%，标普500指数涨0.56%。 当地时间2月18日，欧美股市迎普涨行情。美股三大指数集体收涨，英国富时100指数、法国CAC40指数盘中双双创出历史新高。 大宗商品市场方面，贵金属价格、油价携手上涨。 北京时间2月19日凌晨，美联储披露的1月货币政策会议纪要显示，美联储内部对货币政策未来走势分歧明显。 一些与会者认为，如果通胀如预期下降，可能适合进一步降息；一些与会者认为，若通胀率持续高于2%（美联储目标通胀率），则可能适合加息；还有 一些与会者认为，在通胀率偏高的情况下进一步降息，可能会削弱市场对美联储通胀目标承诺的信心，从而使通胀率上行的预期更加"根深蒂固"。 对于通胀前景，与会者预计，通胀率将逐步下降至2%的目标水平，但下降的速度和时间仍不确定。关税对核心商品价格的影响今年可能开始减弱。大多 数与会 ...

截至目前 2026春节档电影总票房 已过20亿元（含预售及点映） 市场热度还在持续攀升 电影《镖人》《惊蛰无声》《飞驰人生3》等 多部影片均已上映 除影片本身火热外 银幕上的取景地也同步"出圈" 成为春节假期出行打卡的新选择 跟着影片镜头 一同探寻藏在光影里的美景吧 《惊蛰无声》·广东深圳 《惊蛰无声》取景地可谓"含深量"拉满，90%取景自深圳，覆盖大运中心体育馆、大运天地等十几处核心地标，勾勒出一幅"银幕之内是故事，银幕之外 是深圳"的叙事画卷。 该部电影以热血赛车剧情点燃观众热情，其主要取景地——四川甘孜九龙县、青海德令哈受到关注。 其中，岗厦北地铁站（深圳之眼）凭借极具未来感的巨型穹顶天窗，成为热门打卡点。在这里，可寻找影片中的同款机位，定格科幻感与现代美学交融的 瞬间。 作为深圳文体地标——深圳大运中心体育馆极具现代建筑美学，成为电影"城市森林"画面的重要底色。这座以"水晶石"为造型的建筑，线条流畅、质感硬 核。 与之相连的大运天地，则是影片中城市休闲场景的核心取景地，6.6万平方米的环湖商业街区，将自然生态与潮流商业融合，逛吃玩乐一站式解锁，是感 受深圳都市活力的好去处。 《镖人》·新疆克拉玛依 该 ...

"我们是专门从宝鸡来西安，原以为只是寻常的吃团圆饭、走亲访友，没想到在大唐不夜城，沉浸式感 受了这般浓郁的盛唐年味。机器人跳舞节目，更是让人眼前一亮！"2月17日，来自宝鸡的游客李先生在 大唐不夜城步行街区，兴奋地向记者分享新春游玩的惊喜。 机器人在大唐不夜城表演 这个春节，千年长安的盛唐烟火与新潮年味碰撞。走进大唐不夜城，一场科技与古韵交织的新春盛宴正 火热上演，机器人演出成为街区亮点之一。 在活力全开的《大花轿》舞蹈表演中，机器人踩着喜庆舞步，憨态可掬的模样搭配精准卡点，满满新春 民俗年味扑面而来；在《太极》表演里，机器人演绎太极经典招式，动作行云流水、刚柔并济，让观众 们见证"机甲张三丰"的魅力。 机器人在大唐不夜城表演 除了机器人表演，今年春节，大唐不夜城还推出五大全新节目，包括《剑器辞》《盛唐密盒》《十部伎 ·宴乐春序》《诗仙醉长安》《诗弦潮韵》，从诙谐互动到刚劲剑舞，从诗酒雅韵到宴饮盛景，五大全 新演艺让盛唐风采在新春时节有了全新表达，更让每一位游客都能沉浸式解锁唐韵魅力，不负古都之 行。 舞者梁坷是《剑器辞》中公孙大娘的扮演者，拥有近十年舞台经验的她，此前多次参演西安城墙敦煌 舞、古典舞等节目。 ...

Core Insights - The article highlights a shift in investment focus among ordinary families in China, particularly in the context of the A-share market, where discussions around "investment," "returns," "AI," and "semiconductors" have become prevalent during the Spring Festival [1] - It emphasizes the significant improvement in investor profitability in 2025, particularly in sectors like artificial intelligence, high-end manufacturing, and the digital economy, with many equity public funds achieving average returns exceeding 30% [1] Investment Trends - In 2025, the A-share market is characterized by a strong performance in technology sectors, with indices related to artificial intelligence, semiconductors, and computers showing substantial gains compared to traditional industries [4] - Ordinary investors are increasingly focusing on industry trends and company fundamentals, moving away from speculative trading [4] Investment Strategies - There is a growing preference for industry-themed public funds and ETFs, which allow investors to participate in broader industry trends rather than individual stocks, thus reducing risks associated with single stock investments [6][8] - Investors are adopting strategies like "core + satellite," where they hold foundational investments in sectors like semiconductors and AI while diversifying into other themes [7] Investor Sentiment - Many investors express confidence in China's technology sector due to geographical proximity to innovation hubs, which enhances their understanding of market dynamics [10] - The article illustrates a shift in consumer behavior, where improved financial returns are leading to increased household spending and investment in future opportunities, reflecting a more optimistic outlook [10][11]