此外，半导体板块走强， 英特尔、阿斯麦盘前涨逾4%，台积电涨逾2%，英伟达涨近2%。 编辑｜钉钉 1月28日，美股存储板块盘前大涨，希捷科技盘前涨近10%，西部数据涨超7%，闪迪涨近7%，美光科技 涨超4%。 | G | 希捷科技(SEAGATE) | | | | --- | --- | --- | --- | | STX.O | | | | | 371.760 = 735.4万 | 股本 2.18亿 市盈 46.3 | | 万得 | | 13.470 3.76% 换 3.44% 市值 794亿 市净 -1260 | | | 器口 | | 盘前 408.000 +36.240 +9.75% | 美东 07:13 √ | | | | 日K II ▼ 五日 | 中文 周K 月K | | | | 暨加 | 均价:410.861 | | | | 11 909 | 11.60% 卖一 408.580 | 7 | | | | 买一 406.500 | 28 | | | | 15:59 372.140 | 531 | | | | 15:59 372.251 | 100 | | | 371.760 | 0.00% 15:59 ...

Core Viewpoint - The article discusses the challenges faced by individual investors in allocating their year-end bonuses amidst rising stock and gold prices, while banks are actively launching specialized financial products to attract these funds [1] Group 1: Market Trends - Since 2026, gold prices have significantly increased, with the Shanghai Composite Index rising by 4.82% and the Hang Seng Index by 8.17% within the year [6] - The total scale of the national wealth management market reached 33.29 trillion yuan by the end of 2025, growing by over 3 trillion yuan from the beginning of the year [6] Group 2: Bank Initiatives - Major state-owned banks and various commercial banks have launched year-end bonus exclusive financial products, focusing on low-risk, flexible-term options to cater to investors' needs [2][3] - The products include short-term and medium-term options, with some banks offering annualized returns exceeding 4% for short-term investments [2][3] Group 3: Product Features - Banks are emphasizing low initial investment amounts and a variety of strategies, with many products starting at 1 yuan and offering annualized returns around 3% to 4% [3][5] - The marketing strategies have shifted from product-centric to configuration-oriented, integrating various financial tools to better meet customer needs [5] Group 4: Customer Engagement - Some banks are implementing incentive mechanisms to enhance the retention of year-end bonus funds, such as cash rewards for increasing average monthly assets [4] - The focus is on providing a one-stop management solution for year-end bonuses, combining wealth management, insurance, and investment products [5]

Core Viewpoint - The establishment of AIA Asset Management and Aegon Asset Management in Shanghai marks a significant step in the city's financial opening and development as an international financial center [1][2]. Group 1: Company Establishment - AIA Asset Management and Aegon Asset Management are the first foreign-owned insurance asset management companies to open in Shanghai [1]. - The opening ceremony was attended by Shanghai's Deputy Mayor Wu Wei, highlighting the importance of this event in the context of Shanghai's financial development [1]. Group 2: Foreign Investment and Market Confidence - AIA Group's establishment of the asset management company reflects its long-term commitment to the Chinese market, while Aegon Group expresses confidence in China's growth opportunities [2]. - The rapid establishment of these companies within six months demonstrates China's determination for financial openness and has bolstered foreign investors' confidence in sustainable investments in China [2][3]. Group 3: Regulatory Support and Market Growth - The approval process for both companies was completed in just six months, showcasing the efficiency of Chinese regulatory bodies [2][3]. - The asset management market in China has seen an average annual growth rate of approximately 8% over the past five years, making it the second-largest asset and wealth management market globally [3]. Group 4: Future Business Focus - AIA Asset Management plans to transition existing investment capabilities from AIA Life Insurance and aims to innovate in financial products and strategies [5][6]. - Aegon Asset Management intends to deepen its presence in the Chinese market and may establish a holding company to consolidate various financial licenses in the Greater China region [6].

本文字数：1556，阅读时长大约3分钟 作者 |第一财经 秦新安 2026.01.28 报道提到，许多投资者最初是通过小红书、抖音等社交平台接触到杰我睿的。平台上"免工费""积分奖 励"等信息，对很多原本风险偏好不强的用户形成强烈吸引。用户往往从首饰购买、旧金回收等相对简 单的实物交易开始，在平台上的高收益例子和社群氛围持续引导下，逐步陷入高杠杆的预定价交易场 景。 此类情形似曾相识。回顾近年来的多起涉众型金融风险事件，社交平台的身影频频出现。例如，此前一 些P2P、网络炒汇、虚拟货币交易平台等，也主要借由微博、微信、小红书、抖音、快手等社交平台进 行获客做大。在这些案例中，风险往往经由社交平台的流量放大和信任背书得以快速传播和渗透，最终 酿成问题。 这揭示出一个新的趋势——社交平台上的用户信息传播，乃至相关交易平台的主动营销推广，已成为当 下金融风险产生、积聚和爆发的重要链条。无论是交易平台投放的广告、推广内容，还是用户自发分享 的"投资心得"，在缺乏有效过滤和风险提示的情况下，都可能成为诱导非专业投资者进入高风险领域的 诱饵。此时的社交平台，在有意无意当中，充当了金融风险的"推手"或"放大器"。 这一新情 ...

Core Viewpoint - Yonghui Supermarket is facing significant challenges, including a wave of store closures due to operational losses and issues with property management, leading to a projected reduction in store count from 1,000 in 2023 to approximately 400 by the end of 2025 [2][3] Group 1: Store Closures - Yonghui Supermarket has announced the closure of 225 stores in 2024 and 381 stores in 2025, resulting in a total of about 400 stores remaining by the end of 2025, which is less than half of its peak number [2] - The closures are attributed to losses, poor management, and property issues, with the company rationalizing its operations by retaining profitable stores and eliminating underperforming ones [2] Group 2: Financial Performance - The company is expected to incur a net loss of 2.14 billion yuan in 2025, with a total loss exceeding 11.6 billion yuan over the past five years [3] - High costs, intense market competition, and significant operational pressure are identified as the main challenges affecting financial performance [3] Group 3: "Fat Reform" Initiative - In May 2024, Yonghui Supermarket initiated a "Fat Reform" to learn from the successful model of the regional retailer, Fat Donglai, which is known for its high-quality private label products and employee benefits [3][4] - The reform involves restructuring store layouts, introducing Fat Donglai's private label products, and retraining employees to enhance service quality [4] Group 4: Challenges of Implementation - The adaptation of Fat Donglai's model may face challenges due to differences in scale, as Fat Donglai operates only a few stores while Yonghui has hundreds, making nationwide implementation difficult [4] - Increasing employee compensation and benefits to match Fat Donglai's standards could lead to substantial costs for Yonghui, given its larger workforce [4] Group 5: Uncertain Outcomes - While some stores have seen improved foot traffic and revenue post-reform, the retail industry is characterized by low margins and long payback periods, leading to uncertainty about the long-term success of the initiative [6] - The push for "new concepts" in retail may drive companies to adopt reforms like "Fat Reform" to attract investor interest, despite the potential mismatch with their operational realities [6]

Core Insights - The A-share market is experiencing significant structural characteristics with accelerated sector rotation, highlighting the importance of efficient and high-quality information for investment decisions [1] Group 1: Key Features of "Pre-Market Gold" - The service provides a concise summary of market insights before trading begins, focusing on areas that may present investment opportunities [1][6] - It delivers rapid updates on major brokerage opinions, allowing investors to quickly understand what large funds are focusing on [2] - The service curates 1-2 high-potential thematic opportunities daily, analyzing event catalysts, industry logic, and capital movements [3] Group 2: Information Filtering - The service filters out noise from macro and industry news, highlighting key information that truly impacts sectors and stock prices [4] - It organizes critical company announcements from the night and early morning, capturing valuable signals and potential market reactions [5] Group 3: Advantages of Choosing "Pre-Market Gold" - The service saves time by providing a brief that replaces hours of information gathering and reading [6] - It focuses on practical content directly related to secondary market investments, offering actionable decision-making information [7] - The service integrates authoritative sources from brokerages, media, and company announcements to minimize information loss [8] - It aims to establish a systematic pre-market preparation habit by providing timely updates every trading day [9] Group 4: Recent Content Preview - Recent highlights include a resurgence in brokerage earnings, the breakthrough of Shanghai's intelligent computing scale, and a focus on performance lines amid market adjustments [10] - Other notable mentions are the rise in storage chip prices, increased gold demand due to seasonal consumption, and advancements in AI and high-end manufacturing sectors [11][12]

Summary of Key Points Core Viewpoint - On January 28, a total of 49 stocks were involved with institutional investors, with 24 stocks showing net buying and 25 stocks showing net selling [1]. Group 1: Institutional Net Buying - The top three stocks with the highest net buying by institutions were: - Purun Co., Ltd. with a net buying amount of 367 million yuan, representing a daily increase of 14.64% [2]. - Yandong Microelectronics with a net buying amount of 312 million yuan, with a daily increase of 17.56% [2]. - Kecuan Technology with a net buying amount of 145 million yuan, showing a daily increase of 9.99% [2]. Group 2: Institutional Net Selling - The top three stocks with the highest net selling by institutions were: - Chifeng Gold with a net outflow of 504 million yuan, with a daily increase of 10.00% [4]. - Haoxiangni with a net outflow of 107 million yuan, showing a daily decrease of 9.99% [4]. - Hongbaoli with a net outflow of 99 million yuan, with a daily increase of 4.80% [4].

有色金属板块大涨，中国铝业涨逾12%，万国黄金集团、赤峰黄金均涨超10%，紫金黄金国际、山东黄 金、潼关黄金等涨超8%。消息面上， 现货黄金持续走高， 日内暴涨逾100美元。 | 名称 | 现价 | 涨跌幅, | 涨跌 | | --- | --- | --- | --- | | 中国铝业 | 15.060c | 12.72% | 1.700 | | 中广核矿业 | 5.090c | 11.62% | 0.530 | | 万国黄金集团 | 14.270c | 10.88% | 1.400 | | 赤峰黄金 | 46.140c | 10.65% | 4.440 | | 紫金黄金国际 | 253.200c | 8.67% | 20.200 | | 山东黄金 | 51.200c | 8.66% | 4.080 | | 南山铝业国际 | 73.000c | 8.63% | 5.800 | | 江西铜业股份 | 49.800c | 8.26% | 3.800 | | 潼关黄金 | 3.770c | 8.02% | 0.280 | | 中核国际 | 7.450c | 7.97% | 0.550 | | 大唐黄金 | 0.8 ...

编辑丨瑜见 此前，高盛在研报中，将2026年12月的黄金目标价上调至5400美元/盎司。 1月28日， 现货黄金日内暴涨逾100美元，最新突破5282美元/盎司，涨幅1.94%。 ...

Core Viewpoint - The recent announcements from Guotou Silver LOF and E Fund Gold Theme LOF regarding the suspension of subscription services for their A-class fund shares indicate a strategic move to protect the interests of fund shareholders amid market volatility [5]. Group 1: Fund Performance - Guotou Silver LOF (161226) experienced a trading surge, hitting the daily limit with a transaction volume exceeding 2.8 billion [1]. - E Fund Gold Theme LOF (161116) initially saw a rise of over 9%, which later adjusted to a 7% increase, with a transaction volume surpassing 800 million [3]. Group 2: Fund Subscription Suspension - Guotou Silver LOF announced the suspension of subscription services for its A-class fund shares starting January 28, including regular investment plans, to safeguard the interests of its investors [5]. - E Fund also declared the suspension of subscription and regular investment services for its A-class shares of the Gold Theme LOF effective January 28 [5].