Core Viewpoint - The recent surge in gold and silver prices is driven by heightened geopolitical tensions and economic uncertainties, prompting investors to seek safe-haven assets [2][3]. Group 1: Gold Market Insights - Gold futures for February delivery have risen over 2%, surpassing the $5,100 mark, while silver futures have increased by over 6%, reaching $108 per ounce, potentially marking the largest monthly gain in history [2]. - HSBC's latest report links the rise in gold and silver prices to geopolitical issues, with a weaker dollar further boosting the commodity market [4]. - Goldman Sachs has raised its gold price forecast for December 2026 from $4,900 to $5,400 per ounce, citing a persistent demand for hedging against macroeconomic risks [4][5]. - Central banks are purchasing gold at an average monthly rate of 60 tons, significantly higher than the pre-2022 average of 17 tons, indicating a shift towards gold assets in foreign reserves [5]. Group 2: Silver Market Dynamics - Silver futures have seen a remarkable increase, with prices rising over 50% this month, potentially achieving the best monthly performance since December 1979 [7]. - The current supply shortage in the silver market is a key factor driving prices higher, with analysts suggesting that the upward trend may still be in its early stages [6][7]. - The World Silver Association has indicated that 2025 will mark the fifth consecutive year of global silver supply shortages, enhancing silver's appeal as a more accessible alternative to gold [7]. - Analysts predict that silver prices could reach $120 per ounce by 2026, driven by ongoing geopolitical tensions and increased demand [7].

Group 1 - KFC has adjusted the prices of its delivery products by an average of 0.8 yuan, while dine-in prices remain unchanged [2] - The last price increase for KFC occurred approximately one year ago, with a 2% average increase on December 24, 2024, ranging from 0.5 yuan to 2 yuan [2] - KFC aims to adapt to market cost changes and ensure sustainable and healthy development by optimizing its cost structure [2] Group 2 - McDonald's also experienced a price increase on December 15, 2025, with most items rising by 0.5 to 1 yuan, including popular burgers and snacks [3] - The fluctuation in prices of agricultural products such as rice, meat, and vegetables poses challenges for cost control and risk management for fast-food companies [3]

| 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | Hટા | 恒生指数 | 26844.04c | 94.53 | 0.35% | | HSTECH | 恒生科技 | 5801.15 c | 3.14 | 0.05% | | HSBIO | 恒生生物科技 | 15924.23c | -12.84 | -0.08% | | HSCEI | 恒生中国企业指数 | 9188.19c | 27.38 | 0.30% | | HSCI | 恒生综合指数 | 4135.95c | 13.37 | 0.32% | 贵金属板块大涨，老铺黄金现涨超11%，中国白银集团涨超8%，赤峰黄金涨超7%，紫金矿业、山东黄 金、珠峰黄金、灵宝黄金、中国黄金国际等涨超5%。 科网股多数下跌，小鹏汽车跌近4%，百度集团、哔哩哔哩、快手跌超3%，蔚来、零跑汽车跌超2%；腾 讯音乐涨超3%。 1月26日，香港恒生指数开盘涨0.35%，恒生科技指数涨0.05%。 | 代码 | 名称 | 规价 | 消歧 | A 涨跌幅 | | --- | --- | --- | --- | - ...

Market Overview - The three major stock indices in A-shares opened higher, with the Shanghai Composite Index rising by 0.21%, the Shenzhen Component Index increasing by 0.37%, and the ChiNext Index up by 0.48% [1] - The STAR Market Index saw a slight increase of 0.04% [1] Sector Performance - The photovoltaic industry chain showed strong performance, particularly the space photovoltaic concept stocks, which led the gains [1] - Notable stocks such as Mingyang Smart Energy, Tuori New Energy, GCL-Poly Energy, Junda Co., and Shuangliang Eco-Energy hit the daily limit up, while stocks like Dongfang Risen, Optec, Aotwei, and Liancheng CNC opened over 10% higher [2] Hong Kong Market - The Hang Seng Index opened up by 0.35%, while the Hang Seng Tech Index saw a minor increase of 0.05% [3] - Stocks such as Pop Mart and Zijin Mining experienced significant gains, with Pop Mart rising over 4% and Zijin Mining nearly 3% [3]

Group 1 - The founder of Xibei Catering Group, Jia Guolong, has announced a return to core business operations and will no longer focus on building a personal brand [2] - Jia expressed doubts about his ability to create a personal IP, citing concerns about his emotional expression and the perception of his communication style [2] - Xibei is projected to incur cumulative losses exceeding 600 million yuan from September 2025 to March 2026 [2] Group 2 - The company plans to close 102 stores nationwide, which represents 30% of its total store count [2]

2026.01.26 本文字数：310，阅读时长大约1分钟 截至发稿，现货黄金上涨约0.8%，现货白银同步走强，涨幅超2%。 市场普遍认为，这一突破不仅是价格层面的历史新高，更标志着全球资产配置逻辑正在发生深层次结构 性转变。 | 全球商品 | 中国商品 原油 | 黄金白银 | | --- | --- | --- | | 贵金属 △ | | | | 伦敦金现 | 伦敦银现 | COMEX黄金 | | 5019.880 | 105.607 | 5021.7 | | +38.571 +0.77% | +2.266 +2.19% | +42.0 +0.84% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 105.850 | 1121.16 | 25650 | | +4.517 +4.46% | +18.30 +1.66% | +1525 +6.32% | 美元指数一度跌破97，助推贵金属价格。 来源：Wind万得 微信编辑| 七三 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com 1月26日亚市盘，国际现货 ...

2026.01.25 本文字数：1734，阅读时长大约3分钟 作者 |一财评论员 基金行业将迎来一个专业创造价值的回归之旅。 不仅如此，新规还在程序上强化内外约束机制。如明确要求基金公司应设立独立部门负责持续监测基金 投资组合与业绩比较基准的偏离情况，并由投资决策委员会对偏离原因及合理性进行专业判断，以完善 内部监督与约束机制。同时，新规要求基金托管人需切实履行基金合同审核、投资风格库复核、权益类 基金投资风格稳定性监督、信息披露复核等职责，旨在强化生态制衡，真正做实和完善托管人功能，托 管人从形式监督到基于合同契约的具体内容监测和复核，将有助于为基金行业重塑信任关系，推动基金 信托契约的完整性和有效性。 显然，这一系列举措，给公募基金行业带回的不仅是聚焦专业的拼搏之力，而且也将为市场注入信任的 合作链条，将基金业的受托理财拉回到尊重和敬畏契约的确定性轨道。 当前中国财富市场正面临深刻变化，随着市场利率持续在低位徘徊，高收益固收产品集体到期退出市 场，居民的大量储蓄资金面临着投资重置。直接投资市场能否安放下这大量资金，接住这泼天的富贵， 基金行业确实亟需通过伐毛洗髓的改革重塑重构信任体系。 这是投资者翘首期待 ...

Group 1 - The core viewpoint emphasizes that price signals are crucial for economic health and consumer confidence, with multiple government departments advocating for reasonable price recovery this year [1][5][8] - The National Development and Reform Commission (NDRC) plans to implement a series of policies across total, structural, and reform measures to promote moderate price recovery [1][6] - The People's Bank of China (PBOC) has identified promoting stable economic growth and reasonable price recovery as key considerations in monetary policy, continuing to support a moderately loose monetary environment [1][8] Group 2 - Analysis indicates that prices reflect the balance of supply and demand, with the Consumer Price Index (CPI) expected to hover around 0% in 2025, indicating a need for stronger policy measures to stabilize prices [2][10] - The CPI showed signs of improvement starting in Q4 2025, with a notable increase in October, reaching a year-high of 0.8% in December [3][4] - Structural factors affecting the CPI include a 1.5% decline in food prices and a 3.3% drop in energy prices, which significantly impacted the overall CPI [4][6] Group 3 - The NDRC emphasizes the importance of a balanced approach to price control, advocating for both demand expansion and the regulation of excessive competition [6][7] - The upcoming revision of the Price Law aims to enhance market regulation and address unfair pricing practices, which is expected to improve the competitive environment [7][8] - The PBOC's commitment to maintaining liquidity and supporting economic stability is crucial for fostering a conducive environment for price recovery [8][9]

1月25日，腾讯宣布，将在2月1日上线春节活动，用户上元宝App分10亿现金红包，单个红包金额可达 万元。App内点击主页的预约卡片即可进入春节会场预约页面，提前预约的用户将在2月1日活动开启当 天，额外获得10次抽奖次数。 腾讯方面相关人士透露，上述红包金额可以从元宝直接提现到微信。 关于春节分 10亿现金的通知 马年到,马年好。 为回馈广大用户,元宝将在2月1日开启新春 活动,分10亿现金红包。诚邀各位有"元"人, 来元宝 App 体验 AI 新玩法、抢红包,最高可 得万元。 今天,主会场已开启预约(见附录)。打开元 宝 App,预约领红包,即可在 2 月 1 日获得额 外 10 次抽奖机会。 马住,元宝陪你过大年。 量 立即预约 延缓老年认知退化的方法 泡温泉时有哪些注意事项? 2026年1月25日 元宝派红包 新春领不停 抢 10亿 现金红包!万元小马卡天天抽! 02.01 活动开启 新 ( 01 做任务抽红包一起抢10亿现金红包 02 抽限量100张 价值1万元小马卡 预约成功 02.01进会场可额外得10次抽奖次数 元宝 8 (-) 型 DeepSeek 快速思考 > Hi, 今天从哪里开始? 春 ...

2026.01.25 本文字数：2377，阅读时长大约4分钟 资本市场炒作太空光伏概念一片欢腾，与光伏企业2025年业绩预告大面积且深度亏损的情形形成鲜明对 比。根据统计，在已发布预告的32家光伏上市公司中，23家预计出现亏损（包括续亏、首亏），占比逾 七成。 光伏主产业链（硅料、组件、电池、硅片）的亏损明显加剧，主要由于各环节低迷的终端需求、产能阶 段性过剩、产品价格上行受阻等多重因素。 在净利润预亏金额同比扩大的名单中，一体化龙头通威股份预计2025年净利润亏损区间达90亿元至100 亿元，上年同期亏损70.39亿元，它也是目前唯一一家预亏金额上限达到百亿规模的光伏企业。 亏损规模激增的光伏制造商还有天合光能、钧达股份，预亏上限均较上年同期扩大100%及以上。天合 光能预计亏损65亿元至75亿元，上年同期亏损34.43亿元，该公司表示组件价格承压，叠加硅料、银浆 等关键原材料涨价，使得组件业务盈利能力下滑，同时计提资产减值准备也对业绩有一定影响。 同为组件环节的晶科能源预计业绩首亏，亏损约59亿元至69亿元。对于业绩亏损的原因，晶科能源也提 到了2025年光伏组件价格整体处于低位，以及计提资产减值准备对业 ...