Core Insights - The Ninth Hongqiao International Economic Forum emphasizes the need for multilateralism and pragmatic cooperation to address global challenges [3][4] - The forum serves as a high-level dialogue platform for international political, business, and academic communities, promoting an open world economy and a shared human destiny [3] Group 1: Forum Objectives and Themes - The forum focuses on maintaining an open and inclusive approach, upholding the multilateral trade system, and enhancing global governance cooperation [3] - Key discussion topics include driving technological innovation, accelerating global green transformation, and sharing the benefits of China's development [3] Group 2: Participants and Contributions - Notable speakers include former WTO Deputy Director-General Yi Xiaozhun, Nobel Laureate Thomas Sargent, and various experts from international organizations and academic institutions [4] - The forum also initiated a comprehensive online survey to gather insights on international economic hotspots, which will inform the planning of the ninth forum [4]

在27日晚间，国泰海通还披露了关于计提资产减值准备的公告。经初步评估，该公司2025年10～12月计 提信用减值损失人民币16.04亿元，计提其他资产减值损失2582万元，合计计提资产减值损失16.30亿 元。 依托合并，业绩预计翻倍。1月27日晚间，国泰海通发布业绩预告称，预计实现归母净利润275.33亿元 ～280.06亿元，同比增加111%～115%；扣非后归母净利润210.53亿元～215.16亿元，同比增加69%～ 73%。 对于业绩预增的主要原因，国泰海通称，2025年公司平稳高效完成合并交易，有序推动整合融合，全面 提升经营管理水平，初步实现"1+1>2"的效果。 "2025年，国内资本市场活跃度与景气度上行，公司积极把握市场机遇，充分发挥合并后的品牌优势、 规模效应和互补效应，优化升级零售、机构、企业三大客户服务体系，以提升综合能力实现客户经 营'增量扩面、提质增效'，资产规模及经营业绩创历史新高，财富管理、机构与交易等业务收入同比显 著增长。"国泰海通同时称，因公司吸收合并海通证券所产生的负商誉计入营业外收入。 国泰海通由国泰君安吸收合并海通证券而来，吸收合并的交割日为2025年3月14日。 ...

Group 1 - The core viewpoint of the articles is that both Guokewai and Zhongwei Semiconductor have announced price increases for certain chip products due to supply chain pressures and rising costs [1][3] - Zhongwei Semiconductor has issued a price adjustment notice stating that the price of MCU and Nor flash products will increase by 15% to 50% starting immediately [1] - Guokewai has informed customers of significant price hikes for KGD products, with increases of 40% for 512Mb, 60% for 1Gb, and 80% for 2Gb products, effective from January [3] Group 2 - The semiconductor industry is experiencing a tightening supply situation, leading to longer delivery cycles and increased costs for packaging and testing [1] - The stock market reflects positive sentiment in the semiconductor sector, with Guokewai and Zhongwei Semiconductor shares rising by 5.91% and 6.35% respectively [3] - Guokewai has indicated that it will adjust prices for the second quarter based on the price increases of KGD products in that period, with specific strategies to be announced later [3]

Core Insights - The article introduces "Billion Fund Manager: Closed-Door Meetings" as a tool designed to bridge the information gap between individual investors and institutional insights, addressing common challenges faced by investors in navigating market volatility and decision-making [2][4]. Group 1: Purpose and Offerings - The initiative aims to provide exclusive access to insights from billion-dollar fund managers, featuring weekly discussions that cover market highlights, sector-specific opportunities, and risk areas [4][7]. - It includes in-depth interviews with fund managers, focusing on their perspectives regarding sudden market events, upcoming investment strategies, and sectors to avoid [4][8]. Group 2: Analytical Approach - The program emphasizes a professional research team and extensive resources to dissect information and restore logical understanding, helping investors see beyond superficial market signals [7]. - It aims to help investors anticipate fund managers' investment directions, allowing them to identify potential growth opportunities before they become mainstream [8]. Group 3: Learning and Application - The initiative seeks to translate the investment logic of top fund managers into understandable methods, such as evaluating key financial data to assess company growth potential and adjusting portfolios based on macroeconomic conditions [8].

2026.01.27 本文字数：3249，阅读时长大约5分钟 作者 |第一财经 冯迪凡 由于美国总统特朗普对美联储的攻击引发的强烈反弹，他正将自己放在一个两难境地之中：他钟意的美 联储主席接班人，市场不喜欢；市场青睐的，他又怕其随后会"叛变"。 数月来，特朗普政府寻找新任美联储主席的行动正日渐艰难。能让特朗普满意的美联储主席继任者要满 足多项条件：支持特朗普政策且对他忠心耿耿，能够推动大幅降息，同时赢得华尔街和"让美国再次伟 大"（MAGA）支持者的信任，还要顺利通过参议院的提名确认。此外，该候选人还需要符合特朗普在 意的"上镜"和"明星气质"。 近期在达沃斯论坛上，特朗普表示他将在"不久的将来"宣布新任美联储人选。美国财政部长贝森特则证 实，特朗普表示"可能最早在1月26日当周"宣布该人选。 截至27日下午记者发稿时，预测平台Polymarket的数据显示，贝莱德全球固定收益首席投资官里德尔 （Rick Rieder）当选美联储主席的概率为48%，排名第二的前美联储理事沃什（Kevin Warsh）的概率为 28%。 彭博经济研究美国首席经济学家Anna Wong对第一财经表示："如果沃什最终获得提名，我们 ...

南京市建委副主任宋刚曾介绍，南京自2023年起实行房票制度，此后对此进行优化，建立线上"房票超 市"，并重点推广电子房票，通过手机就能操作，使用更加便捷、高效且安全。 宋刚提到，南京的电子房票有一大优势便是用途多元，覆盖面广，不仅能用在国有和集体土地房屋征收 上，城市更新、城中村改造也能用，并且房票可以买住宅，还包括购买公寓、车位、商办。 1月26日，南京印发了《关于加快培育新质生产力推动高质量发展的若干政策（2026年版）》。关于房 地产市场，该政策明确推动既有库存商品房全部纳入房票超市，推行"全城通兑"和"电子房票"，满足被 征收群众安置需求。 上海易居房地产研究院副院长严跃进提到，"房票"安置并不是一个新概念，但南京这一政策通过"全覆 盖"、"全城通"和"电子化"对房票的性质和效能进行了优化。 具体来看，"推动既有库存商品房全部纳入"意味着将市场上的滞销存货整体"打包"成一个可选的资产 池，突破了以往房票仅能购买指定安置房或少数合作楼盘的局限，赋予被征收人真正的市场选择权，也 极大便利了跨区住房改善的需求释放。 "全城通兑"打破了行政区划壁垒，使房票成为南京全市范围内通用的"购房支付凭证"，极大提升了其 ...

一场关于"零食"的叙事正被重构 它已悄然从三餐的间隙出走 就有机会抱走惊喜好礼！ （帆布袋、零食礼包、马克杯、新刊杂志、会员卡、日历……） 你的每一个选择 成为日常生活的"第四餐" 一个年规模突破万亿元的庞大市场 第一财经推出2026零食消费（有奖）大调研 戳海报，直达问卷通道 问卷通关不算完！ 福利加"马"中 截图问卷完成页，在评论区打卡留言 ✅ 帮我们精准get零食消费的真实需求 ✅ 决定未来更多零食上新方向 ☆「马」上转发☆ 快喊上你的零食搭子一起参与~ 让未来的货架上 摆满我们爱吃的模样 愿大家零食常伴，快乐不打烊 ...

编辑丨瑜见 1月27日午后，半导体板块进一步走强，华虹公司一度涨超9%，触及156.28元/股，再创历史新高。截至 发稿，涨超8%，报154.80元，总市值逼近2000亿元。 ...

Group 1 - DeepSeek team released a paper titled "DeepSeek-OCR 2: Visual Causal Flow" and open-sourced the DeepSeek-OCR 2 model, which utilizes the innovative DeepEncoder V2 method to enable AI to dynamically rearrange parts of an image based on its meaning, aligning more closely with human visual encoding logic [1] Group 2 - DeepSeek concept stocks experienced a short-term surge, with YunSai ZhiLian hitting the daily limit, Hongjing Technology reaching a 20% increase, and KaiPu Cloud, Shiji Hengtong, and Parallel Technology also seeing short-term gains [3]

Core Viewpoint - The commercial aerospace sector experienced significant gains on January 27, with multiple companies reaching their daily price limits and notable percentage increases in stock prices [1]. Group 1: Stock Performance - Companies such as 盛路通信 and 航发控制 hit the daily limit, while 电科芯片 and 拓日新能 previously reached their limits [1]. - 欧科亿 saw a price increase of 15.62%, with a total market value of 79.68 billion and a current price of 50.17 [2]. - 一角防分 increased by 12.96%, with a total amount of 28.71 million and a market value of 218.517 billion [2]. - 航宇微 rose by 10.03%, with a total amount of 27.14 million and a market value of 169.7 billion [2]. - 电科芯片 increased by 9.99%, with a total amount of 12.02 million and a market value of 293.47 billion [2]. - 拓日新能 and 航发控制 both increased by 9.98%, with market values of 93.40 billion and 346.3 billion respectively [2]. - 盛路通信 rose by 9.97%, with a total amount of 15.07 million and a market value of 114.1 billion [2]. Group 2: Additional Notable Performances - 四合材料 experienced a significant increase of 48.13%, with a total amount of 47.30 million and a market value of 229.91 billion [2]. - 再升科技 increased by 7.95%, with a total amount of 19.31 million and a market value of 124.117 billion [2]. - 中超控股 rose by 7.66%, with a total amount of 34.13 million and a market value of 117.3 billion [2]. - 鹏鼎控股 increased by 7.57%, with a total amount of 22.88 million and a market value of 1423 billion [2]. - 联建光电 and 航材股份 both saw increases of 7.51%, with market values of 47.947 billion and 333.8 billion respectively [2].