Group 1 - The price of spot gold has surpassed $5,000 per ounce, marking a new historical high, with an increase of approximately 15% since the beginning of the year [2] - Domestic gold prices have also risen significantly, with major retailers like Chow Tai Fook and Lao Piao Gold adjusting their prices to 1,578 RMB per gram, reflecting a daily increase of 25 RMB [2] - The surge in gold prices has led to a noticeable increase in consumer interest, with long queues observed at various gold retail stores in Shanghai and Beijing [4] Group 2 - Gold-related stocks have seen a broad increase, with China Gold reaching its daily limit and Lao Piao Gold rising nearly 7% to 842 HKD per share as of January 26 [4] - Companies in the gold sector, such as Chao Hong Ji, are considering price increases if gold prices continue to rise, although specific plans have not yet been determined [4] - Chao Hong Ji has projected a net profit of 436 million to 533 million RMB for 2025, representing a year-on-year growth of 125% to 175% [5]

1月26日，现货黄金持续走高，截至发稿，站上5100美元/盎司，报5109.54美元/盎司，日内大涨超120美 元，涨幅逾2%。 编辑丨瑜见 ...

旗下唯一一只产品或将易主，叠加股东股权的"大降价甩卖"，让尾部基金公司华宸未来基金陷入舆论中 心。 成为"独苗"尚不足半个月的华宸未来稳健添利，其管理人变更引发了市场诸多疑问。 近年来，华宸未来基金的公募业务版图近年来持续收缩，自2021年四季度起，公司长期维持3只公募基 金在管规模。其中华宸未来稳健添盈在2024年四季度连续60个工作日规模不足5000万元，2025年2月通 过持有人大会表决终止并清盘。 类似的场景再次上演，另一只产品华宸未来价值先锋同样因2025年四季度连续60个工作日规模不达标， 于2026年1月通过持有人大会表决终止运作。至此，华宸未来稳健添利成为华宸未来基金仅剩的公募基 金产品。 将唯一的产品管理权移交同业，在业内实属罕见。"非合并背景下，单产品变更管理人极为罕见。"有头 部基金公司人士告诉第一财经，正常情况下，如果基金产品运营不下去了可以选择清盘处理，此次调整 有可能是化解风险产品的主动选择。 这只"独苗基"此前曾因净值异常暴跌陷入舆论焦点。Wind数据显示，2025年11月27日至12月2日的4个 交易日内，该基金A份额区间跌幅达7.41%，在全市场债券型基金（仅计算初始基金，下 ...

Core Viewpoint - The market for the misprinted Maotai zodiac liquor has cooled down quickly after an initial surge, with prices stabilizing and showing no significant differentiation from the corrected version [2][3]. Group 1: Market Reaction - The misprinted Maotai, which had a packaging error with the character "昴" mistakenly printed as "昂", initially saw prices rise to between 2500 and 3000 yuan per bottle after the incident [2]. - However, the excitement was short-lived, as the market response was not as strong as expected, with the price stabilizing around 2300 yuan per bottle shortly after the initial spike [2]. - Currently, the resale prices for both the misprinted and corrected versions are similar, indicating a lack of sustained demand for the misprinted version [2]. Group 2: Price Trends - Compared to previous years, the price of the Maotai zodiac liquor is not as robust, with the current market showing a long-term downward trend [3]. - The average recovery price for regular Maotai has been maintained between 1450 and 1500 yuan per bottle, with the Maotai zodiac liquor achieving a premium of only 300 to 400 yuan, which is considered modest [3]. - The likelihood of price inversion for the Maotai zodiac liquor remains low, despite the potential for further declines in the short term [3]. Group 3: Consumer Behavior - The attitude towards zodiac Maotai is becoming more rational, with consumers moving away from speculative buying and focusing on realistic investment and collection perspectives [4]. - The overall white liquor consumption has seen a decline in response to changing economic conditions, contributing to a more cautious market environment [4]. - This year, several liquor companies have launched zodiac products, but the promotional efforts have been notably subdued compared to previous years [3].

国内市场，黄金概念股1月26日开盘冲高，湖南黄金（002155.SZ）、四川黄金（001337.SZ）、招金黄 金（000506.SZ）、湖南白银（002716.SZ）等纷纷涨停。 南华期货贵金属新能源研究组负责人夏莹莹对第一财经分析称，黄金强势突破5000关口，是短期避险需 求、中期政策预期、长期货币信用重构三重逻辑共振的结果。预计2026年金价或有望挑战6000美元关 口。当前金价处于高价位、高波动阶段，投资者需做好仓位控制。 金银价格继续"狂飙"。 避险情绪持续升温，金银齐创新高 1月26日，伦敦现货黄金冲破5000美元/盎司，最高触及5093美元，距5100美元/盎司仅一步之遥，距离 其首次突破4000美元关口仅过去100多天。伦敦现货白银更是一举升破109美元/盎司，再度创下历史新 高。 全球地缘不确定性加剧，贵金属价格也在多重利好支撑下继续上涨。 Wind数据显示，截至北京时间1月26日12：00，伦敦现货黄金报5076.53美元/盎司，最高触及5093.19美 元/盎司；COMEX黄金期货同步走强，报5076.2美元/盎司，最高至5091.5美元/盎司。 白银方面，伦敦现货白银报108.248美 ...

中国财政收入规模最大的省份广东亮出了最新政府账本。 广东今年3%财政收入预期增速与去年实际增速一致，与今年当地经济增速预期（4.5%~5%）相近。 在收入稳定增长基础上，广东保持一定的财政支出力度，财政资金向民生等重点领域倾斜。 根据广东省财政厅数据，2025年广东全省一般公共预算支出约18161亿元，同比增长1.1%。其中民生类 支出占比超七成。 比如，去年广东发放育儿补贴约87亿元，投入约219亿元将全省城乡居民基本养老保险基础养老金最低 标准提高至每人每月240元。 广东预算报告另一大看点是政府今年的财政收支预期。 根据广东省财政厅公开信息，广东预计2026年全省一般公共预算收入14360亿元，增长3%。其中税收收 入预计为10725亿元（增长约5%），非税收入预计3635亿元（下降2.5%）。 1月26日，广东省十四届人大五次会议召开，会议将审查广东省2025年预算执行情况和2026年预算草案 的报告（下称"广东预算报告"），广东省去年政府财政收支情况和今年收支预期随之揭晓。 根据广东省财政厅披露的上述预算报告信息，2025年广东全省一般公共预算收入约为13939亿元，增长 3%，总量连续35年居全国 ...

据世界卫生组织等机构介绍，尼帕病毒能攻击人的肺部和大脑，症状包括发烧、头疼、嗜睡、意识模糊 和昏迷，感染者的死亡率可达40%以上。这种病毒从感染到出现症状的潜伏期一般为4天至14天，最长 可达45天。目前尚无专门针对尼帕病毒的疫苗和有效疗法。 据新华社，泰国民航局宣布，1月26日起对来自印度西孟加拉邦的航班进行全面筛查，以防止尼帕病毒 输入泰国。筛查从26日0时起开始实施，同时将根据形势发展随时调整。 编辑丨瑜见 | 代码 | 名称 | 张唱 | 总金额 | 总市值 | 现价 | | --- | --- | --- | --- | --- | --- | | 300463 | 迈克生物 | +20.03% | 7666.6 | 85.86 Z | 14.20 | | 300638 | 凯普生物 | +20.03% | 3.36 Z | 46.87 G | 7.25 | | 688317 | 之江生物 | +20.01% | 3.20 乙 | 49.10 Z | 25.55 | | 301207 | 华兰疫苗 | +20.00% | 5.75 G | 140.3 Z | 23.34 | | 688670 | 金 ...

1月26日，元宝开始内测另一个社交玩法。第一财经记者在元宝点入"派"，选择"创建派"，邀请微信好 友、QQ好友进入"派"群后可以聊天，"派"群中还有腾讯会议和元宝。记者@元宝，就能让元宝分析当 日热点股票，并让元宝解答其他相关问题，还可以让元宝总结聊天内容。点击腾讯会议的头像，则能进 行音视频对话。记者还发送了一张三花猫的照片，叫元宝生成一个表情包，元宝生成了卡通化的表情 包，配文"警惕！有情况！" 元宝的"派"带有浓厚的社交属性。记者了解到，用户可以将"派"号直接转发给好友，邀请其他用户加 入，该功能支持文字、语音输入和音视频聊天，还能输入表情包。目前，多人会议功能免费，用户还能 在线共享课件等文档。上传图片还能用AI进行二次创作。"派"将于近期公测，公测时还将加入找电影、 在线看电影、边看边问、听音乐等功能。 腾讯旗下面向大众用户的C端AI应用元宝，开启了社交玩法。 通过此次功能更新，腾讯将社交场景从微信、QQ搬到了元宝，并在社交场景中加入了AI的角色。腾讯 也将C端AI应用拉入了自身熟悉的社交范畴。 1月25日，腾讯宣布元宝将在2月1日上线春节活动，用户可以在元宝App上分10亿现金红包，用户有概 率抽 ...

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]