1月21日，国务院国资委公布了7户中央企业14名领导人员职务任免情况。 其中，申兆军任中国盐业集团有限公司党委书记、董事长；免去李耀强的中国盐业集团有限公司党委书记、董事长、董事职务，退休。祖斌 任中国保利集团有限公司党委书记、董事长。 图片来源：国资委网站 中国盐业集团有限公司 申兆军任中国盐业集团有限公司党委书记、董事长，免去其中国航空油料集团有限公司党委书记、党委常委、董事长、董事职务。免去李耀 强的中国盐业集团有限公司党委书记、董事长、董事职务，退休。 中国广核集团有限公司 廖龙辉任中国广核（003816）集团有限公司党委常委、纪委书记，免去其中国航空油料集团有限公司党委常委、纪委书记职务。 中国保利集团有限公司 祖斌任中国保利集团有限公司党委书记、董事长。 中国物流集团有限公司 免去梁伟华的中国物流集团有限公司党委常委职务，不再担任中国物流集团有限公司副总经理职务，退休。 中国中煤能源集团有限公司 聘任赵永峰、高立刚为中国中煤能源（601898）集团有限公司外部董事，兰春杰、洪水坤不再担任中国中煤能源集团有限公司外部董事职 务。 中国交通建设集团有限公司 聘任高春雷、李跃平、贾世瑞、樊启祥为中国交通 ...

聚力电力保供，守护万家灯火 近日，英大信托供应链金融业务累计规模突破1000亿元，实现了从试点培育、拓荒前行到规模化赋能的 跨越式发展，书写了信托赋能产业链高质量发展的崭新篇章。 作为供应链金融领域的先行者，英大信托自2022年以来组建专项工作组，聚力融合"产业、金融、科 技"三大要素，深耕细作"普惠、绿色、科技"三大赛道，全面淬炼风险防控、融资服务、客户保障、运 营管理及系统支撑五大核心能力。目前，英大信托供应链金融业务版图已覆盖全国32家省电力公司，累 计服务客户超9600家，提供资金服务超1000亿元，放款笔数超27000笔。这一亮眼成果是英大信托全体 员工践行"三千精神"，不畏千难万险、走遍千山万水、服务千家万户的生动实践与硬核答卷，更是以金 融活水精准赋能实体经济、主动服务国家战略的有力彰显。 英大信托始终秉持"服务实体、润泽小微"初心，以"电e金服""南网e链"为纽带，搭建全链条、一站式服 务桥梁。深耕打磨"电e金服"应收账款信托融资产品，以系统革新、流程精简、成本压降等组合拳，纾 解产业链中小企业资金周转之困。创新构建"分层分类+全周期"服务机制，推行"月度常态化对接、季度 精细化走访、年度全方 ...

Core Insights - The recent surge in interest around "Ma Chao" (Horse Currency) has led to significant discussions on social media platforms, with high demand observed in the secondary market for commemorative coins and notes [1][3] Group 1: Market Dynamics - The resale prices for commemorative items have shown a notable premium, with a 20 yuan Ma Chao note being bought back at prices ranging from 36 to 40 yuan, and a 10 yuan Ma Bi (Horse Coin) at 13 to 16 yuan, indicating a premium rate exceeding 80% for Ma Chao compared to Ma Bi [1][2] - The limited supply and high demand have caused the appointment system for these commemorative items to crash, with all available quotas being filled within minutes [2] - The market for Ma Chao is characterized by specific number preferences, where "lucky" numbers (including 6 or 8) command higher prices, and "repeated numbers" can fetch over 100 yuan per note [2] Group 2: Investment Considerations - The premium rates for commemorative coins are influenced by factors such as scarcity, cultural value, market demand, and trading costs, with the current market showing that Ma Chao's premium is lower than that of Long Chao (Dragon Currency) [3] - There is a cautionary note regarding the speculative nature of these collectibles, as the high initial premiums may quickly decline due to increased market supply and waning interest [1][4] - The relatively high issuance volume of these commemorative items may limit their long-term appreciation potential, necessitating careful evaluation and purchase through legitimate channels to avoid fraud [4]

Group 1 - The rise in gold and silver prices has led to increased interest in investing in copper bars, with social media buzz around "investment copper bars" [1][2] - In Shenzhen's Shui Bei area, a limited number of merchants are selling investment copper bars, priced between 180 to 255 yuan for a 1000g bar, but most do not offer buyback services [2] - The price of investment copper bars is significantly higher than the market price of raw copper, with potential recovery values for a 1000g bar estimated at less than 80 yuan [2] Group 2 - The recent increase in copper prices is linked to supply-demand dynamics, with copper futures showing a 2.68% increase year-to-date as of January 21, and COMEX and LME copper prices rising by 3.15% and 3.27% respectively [3] - Analysts suggest that the copper market may shift from a tight balance to a shortage due to insufficient capital expenditure in copper mining and frequent supply disruptions [3] - Unlike gold and silver, copper is primarily an industrial raw material, with demand driven by sectors like electricity and renewable energy, making it less suitable as an investment compared to precious metals [3] Group 3 - The demand for gold has surged, particularly as the Lunar New Year approaches, with many customers purchasing gold in Shenzhen's Shui Bei area [4] - As of January 21, gold prices reached 1244 yuan per gram, with a recovery price of 1070 yuan per gram, while silver prices were at 26.2 yuan per gram, with a recovery price of 20.6 yuan per gram [5] - Gold prices have increased significantly, with London spot gold rising over 12% year-to-date, and silver prices up over 32% in the same period [5]

近期，在互联网渠道流量打法的助推下，部分"工具基"迎来巨量申购资金，成为行业关注焦点。 为了充分发挥工具化产品的流量属性，在赛道风口来临时，吸引资金买入、顺利实现规模转化，基金管 理人将营销"主战场"放在投资者更年轻、更活跃的互联网渠道。 记者关注到，近年来，一方面，基金管理人在小红书、微博等社交平台加大营销宣传，强化"工具基"的 赛道标签，加深投资者印象。 当这类辨识度极高的主题产品，遇到互联网平台的巨大流量效应，投资者"炒基"的情绪一触即燃，短期 追涨杀跌的行为更甚。 "工具基"大火 科技成长行情的强劲势头，不仅带火相关板块的ETF指数投资，还让"主动基金工具化"成为新的潮流。 部分管理人通过新发产品或改造老产品的方式，对科技成长板块具有锐度的热门细分赛道进行全面系统 化布局。一方面，对于尚未有相关指数产品的新兴产业，这些工具化的主动权益基金成为专注投资该产 业的工具代表；另一方面，即便布局的赛道已有相关的指数产品，这些产品也可以充分发挥主动权益基 金集中持仓的优势，提供超越指数的弹性表现，以代替相关赛道指数产品。 经过一番改造后，"工具基"强势崛起，AI算力、CPO、AI应用、AI电力、机器人、创新药、 ...

新华社北京1月21日电 题：建设现代化人民城市 实现住房城乡建设高质量发展——访住房城乡建设部党 组书记、部长倪虹 新华社记者王优玲 "十五五"规划建议围绕"深入推进以人为本的新型城镇化""推动房地产高质量发展"作出重要部署，提 出"大力实施城市更新""加快构建房地产发展新模式"等具体举措。近期召开的中央经济工作会议也明确 要求"着力稳定房地产市场"。 "十五五"新开局，城市更新将如何推进？房地产高质量发展有哪些着力点？打造"中国建造"升级版将从 哪些方面开展工作？新华社记者采访了住房城乡建设部党组书记、部长倪虹。 奋力实现住房城乡建设高质量发展的良好开局 问："十五五"时期是基本实现社会主义现代化夯实基础、全面发力的关键时期。住房城乡建设部对于实 现住房城乡建设高质量发展有什么考虑？ 答："十五五"时期，住房城乡建设总体上处在转型发展的关键期，既伴随不少挑战，更面临难得机遇。 2026年是"十五五"开局之年。住房城乡建设部将大力实施城市更新行动，推动房地产高质量发展，推进 建筑业提质升级，建设创新、宜居、美丽、韧性、文明、智慧的现代化人民城市，奋力实现住房城乡建 设高质量发展的良好开局。 我们将坚持城市内涵 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of the non-ferrous and semiconductor sectors, with gold-related ETFs and chip-related ETFs leading in gains on January 21 [1][4][5] - The ShiHua ETF (159731) experienced a sudden surge, hitting the daily limit, which is suspected to be a result of a trading error [1][5] - The market saw significant net outflows from ETFs, totaling nearly 500 billion yuan on January 20, with a cumulative outflow of 903 billion yuan over the first two trading days of the week [3][12] Group 2 - The gold stock theme ETFs showed notable gains, with the leading ETFs reporting increases of 6.33% to 6.26% on January 21, driven by geopolitical uncertainties and a shift towards risk aversion [5][6] - The semiconductor sector is experiencing a bullish trend, with strong performance in storage and computing chips, leading to price increases across the supply chain due to rising AI demand and supply chain bottlenecks [7] - The banking sector and consumer goods faced declines, with multiple bank ETFs showing negative performance, indicating a shift in market sentiment [8][9] Group 3 - The trading activity in broad-based ETFs remained active, with the HuShen 300 ETF (510300) achieving a transaction volume of 23.208 billion yuan, and several other broad-based ETFs exceeding 10 billion yuan in trading volume [2][10][11] - Several ETFs disclosed their fourth-quarter reports for 2025, including the Securities ETF from Guolianan and the 1000 Enhanced ETF from Tianhong [14]

Core Viewpoint - Yundong Intelligent is seeking to go public on the Hong Kong Stock Exchange, highlighting its reliance on a few major clients for revenue generation [1][3]. Group 1: Revenue Dependence - In 2023, 2024, and the first three quarters of 2025, revenue from the top five clients was 201 million, 385 million, and 288 million yuan, accounting for 97.6%, 96.7%, and 95.6% of total revenue respectively [3]. - Revenue from the largest client was 149 million, 362 million, and 263 million yuan, representing 72.6%, 90.8%, and 87.2% of total revenue for the same periods [3]. - The company acknowledges its vulnerability due to over-reliance on a single client and is actively working to diversify its client base [3]. Group 2: Financial Performance - The company reported revenues of 206 million, 398 million, and 301 million yuan for 2023, 2024, and the first three quarters of 2025, respectively [2]. - Net profits for the same periods were 10.935 million, 40.145 million, and 22.981 million yuan [2]. - Gross profit margins were 23.5%, 27.4%, and 24.6% for 2023, 2024, and the first three quarters of 2025 [2]. Group 3: Production Capacity - The capacity utilization rate at the company's factory in Deqing, Huzhou, Zhejiang Province for vehicle communication solutions and emergency call solutions was approximately 75.8% in the first three quarters of 2025, showing a decline compared to the same period last year [2].

作为深耕工业物联网领域30年的专精特新"小巨人"企业，信通电子聚焦人工智能与智能机器人技术研 发，持续夯实核心竞争力。此次出圈的"小黄人"，便是公司打造的"人工智能+电力机器人"标杆产品。 自2025年7月登陆深交所主板后，依托资本市场赋能，随着国内新型电力系统建设，信通电子正持续加 码研发投入，凭借人工智能、机器人领域的多年技术积累，以防冰机器人等明星产品为核心，实现更大 突破。 1月21日，中央广播电视总台中文国际频道（CCTV-4）《中国新闻》栏目，聚焦雨雪冰冻天气下的民生 保障工作，报道了国网湖北省电力公司启用防冰机器人开展输电线路除冰保障的场景：整个作业过程无 需人工介入，在50公里外的指挥中心远程指令下即可自主完成。该防冰机器人也是由信通电子研发完 成。 中证报中证网讯（记者 张鹏飞）2026年新年伊始，四川凉山3300米高原的风雪中，一台被网友亲切称 为"小黄人"的智能机器人正沿着输电线路匀速行进，所过之处冰雪尽数消融——这正是信通电子 （001388）自主研发的新一代具身智能线路防冰机器人的作业视频。该视频不仅刷屏海内外社交平台， 更获外交部发言人点赞，新华社、人民日报等权威媒体纷纷转载报道， ...

1月21日，睿远基金、银华基金等基金公司披露旗下基金的2025年四季报，傅鹏博、李晓星等知名基金经理2025 年四季度调仓情况随之曝光。 傅鹏博减持了基本面趋势偏弱的公司，增持数据中心液冷、存力和算力的相关公司；李晓星则加仓了港股互联网 和消费股，减持了部分港股金融股。 傅鹏博表示，上市公司2025年年报预披露将于2026年1月底完成，景气度高的AI、有色金属、锂电材料等板块预 计会有较高增长，市场对此已有定价。 李晓星认为，2026年权益市场总体机会大于风险，AI仍是全球科技创新的主线，预计国内互联网大厂的业绩将保 持稳定的增长，港股科技巨头可能是产业趋势和基本面趋势共振的方向。 傅鹏博增持 数据中心液冷、存力和算力相关公司 1月21日，知名基金经理傅鹏博、朱璘管理的睿远成长价值披露2025年四季报。 2025年四季报显示，该基金的前十大重仓股变动较小，迈为股份代替中国移动新进入其前十大重仓股。此外，该 基金增持了寒武纪，减持了新易盛、胜宏科技、宁德时代、腾讯控股、东山精密、立讯精密、阿里巴巴、巨星科 技。 | 序 | 股票代码 | 股票名称 | 数量(股) | 公允价值(元) | 占基金资产净 | | - ...