对于此次调整的原因，根据交易所发布的通知称，近期，融资交易明显活跃，市场流动性相对充裕，根 据法定的逆周期调节安排，适度提高融资保证金比例回归100%，有助于适当降低杠杆水平，切实保护 投资者合法权益，促进市场长期稳定健康发展。 记者｜黄思瑜 编辑｜瑜见 1月14日，沪深北交易所发布通知调整融资保证金比例，将投资者融资买入证券时的融资保证金最低比 例从80%提高至100%。此次调整仅限于新开融资合约。 A股融资保证金比例，此前也发生过多次演变。2006年8月，沪深交易所发布融资融券交易试点实施细 则，投资者融资买入证券时，融资保证金比例不得低于50%，即最高可达两倍杠杆。2015年11月，沪深 交易所修订细则，将融资保证金比例从50%上调至100%，即最高一倍杠杆。再是2023年8月，沪深北交 易所将融资保证金比例从100%降低至80%。 ...

编辑丨瑜见 花旗集团最新预测，白银将在未来三个月内达到每盎司100美元。 1月14日，现货白银首次突破90美元，再创历史新高，截至发稿，报90.004美元，日内涨超3%。 ...

编辑丨瑜见 | 代码 | 名称 | 涨幅号 | 总金额 | 总市值 | 现价 | | --- | --- | --- | --- | --- | --- | | 300773 | 拉卡拉 | +20.02% | 37.06 Z | 249.2 4 | 32.08 | | 688580 | 新致软件 | +13.32% | 5.81 乙 | 70.69 G | 26.89 | | 688327 | 云从科技 --- | +12.27% | 11.91 乙 | 195.8 乙 | 18.84 | | 0600056 | 同辉信息 | +10.13% | 2.45 Z | 17.56 Z | 8.80 | | 688615 | 合合信息 | +10.06% | 17.61 Z | 493.5 Z | 352.51 | | 603918 | 金桥信息 | +10.02% | 10.59 C | 81.01 Z | 22.17 | | 200288 | 用灰网络 | +10.01% | 45.72 Z | 649.647 | 19.01 | | 005312 | 焦点科技 | +10.00% | 9.16亿 | 201 ...

Group 1 - The core viewpoint of the article discusses the transformative potential of AI in the field of healthcare, particularly in extending human lifespan and altering the perception of diseases like cancer [1][3] - The CEO of BGI Group, Yin Ye, engages in a dialogue with AI experts to explore the future of a trillion-dollar health economy driven by advancements in AI [1][3] - The article highlights the shift from viewing diseases as terminal to managing them as chronic conditions, suggesting that living up to 150 years may become a reality [1][3] Group 2 - The program "Two Talks" will feature insights on how science and AI are reshaping the future of life, with a focus on the implications for human longevity [1][3] - The show is scheduled to air on January 14 at 22:30 on Oriental TV and January 17 at 22:00 on First Financial [2][3]

2026.01.14 本文字数：1580，阅读时长大约3分钟 作者 |第一财经 冯迪凡 当地时间13日，世界银行（下称"世行"）发布最新一期《全球经济展望》报告，显示尽管贸易紧张局势 与政策不确定性持续存在，全球经济的韧性仍超出预期。 世行预计未来两年全球增速大体保持平稳，2026年为2.6%，2027年回升至2.7 %，较去年6月的预测有所 上调。 不过，世行也表示，即便当前预测正确无误，2020年至2030年可能是20世纪60年代以来全球经济增长最 疲软的十年。 世行认为，增长乏力正导致全球生活水平差距拉大：到2025年底，几乎所有发达经济体的人均收入均已 超越2019年水平，但约四分之一发展中经济体的人均收入仍低于2019年。 报告显示，尽管面临贸易紧张局势和政策不确定性加剧，过去一年全球经济在人工智能（AI）投资大 增等因素影响下仍展现出韧性。 世行表示，2025年，政策变动前的贸易激增与全球供应链的迅速调整支撑了经济增长。然而随着贸易与 内需走弱，这些提振效应预计将在2026年消退。 不过报告认为，全球金融条件趋于宽松及多个大型经济体的财政扩张应有助于缓冲经济下行。受劳动力 市场趋软及能源价格下降影 ...

1月14日，香港恒生指数开盘涨0.46%，恒生科技指数涨0.42%。 GEO概念再度走强，智谱涨逾7%，MINIMAX-WP涨逾2%。 | 名称 | 现价 | 涨跌幅 ▼ | | --- | --- | --- | | 智谱 | 194.700 | 7.10% | | MINIMAX-WP | 375.000 | 2.74% | | 趣致集团 | 25.800 | 1.90% | | 微盟集团 | 2.370 | 1.72% | | 第四范式 | 56.500 | 1.25% | | 迈富时 | 52.450 | 0.96% | | 美图公司 | 9.040 | 0.89% | 消费股走强，海底捞涨超5%。1月13日，海底捞国际控股有限公司发布公告称，苟轶群辞去CEO，张勇 接任。此外，公司的几名执行董事也有变更。 科网股走势分化，阿里巴巴涨逾2%，百度集团、腾讯控股涨逾1%；携程集团跌超3%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | HSI | 恒生指数 | 26971.97c 123.50 | | 0.46% | | HS ...

Market Overview - The Shanghai Composite Index opened slightly lower, while the Shenzhen Component Index, ChiNext Index, and STAR Market Index opened higher by 0.17%, 0.34%, and 0.35% respectively [1] - The Shanghai Composite Index is currently at 4138.65, down by 0.11% [2] - The Shenzhen Component Index is at 14194.11, up by 24.71 points or 0.17% [2] - The ChiNext Index is at 3333.17, up by 11.28 points or 0.34% [2] - The STAR Market Index is at 1812.33, up by 6.31 points or 0.35% [2] Sector Performance - AI applications and commercial aerospace themes experienced a pullback, while sectors such as memory storage, ultra-high voltage, medical services, precious metals, and AI wearable concepts were active [2] - Debon Securities resumed trading with a limit-up, as the company plans to voluntarily terminate its stock listing through a shareholder resolution [2] Company Highlights - Baiwei Storage opened over 9% higher, with a forecasted net profit increase of 427.19% to 520.22% year-on-year for 2025 [3][4] - Debon Securities saw a limit-up price of 15.44, reflecting a significant market interest following its announcement [3] Hong Kong Market - The Hang Seng Index opened 0.46% higher, with the Hang Seng Tech Index rising by 0.42% [4][5] - Notable gainers among constituent stocks include Haidilao, which rose over 5%, and Nongfu Spring, Hansoh Pharmaceutical, and China Biologic Products, which increased by over 3% [4][5]

Core Viewpoint - The app "死了么" has officially rebranded to "Demumu" after gaining significant attention and user growth, with a focus on promoting safety solutions for solitary individuals globally [2][12]. Group 1: App Performance and User Growth - "Demumu" reached the top of the Apple App Store paid chart for four consecutive days starting January 10, with daily new user numbers increasing to 500 times pre-viral levels [2]. - The app's valuation has surged to several tens of millions, with over 60 investors expressing interest within three days [12][13]. Group 2: Competition and Market Dynamics - The low technical barrier for similar apps has led to the emergence of multiple clones, including "活着么," which was developed in just six hours using AI tools [3][6]. - Industry experts suggest that the success of such apps often relies on luck rather than technical complexity, with many similar apps failing to achieve lasting popularity [3][11]. Group 3: Development Insights - The development cost of "死了么" was under 1500 yuan, and its functionality is relatively simple, primarily involving daily check-ins and emergency notifications [6]. - The developer of "活着么" utilized AI to streamline the development process, completing the project in less than six hours, highlighting the potential of AI in app development [9][10]. Group 4: User Demographics and Market Potential - The primary target demographic for "Demumu" includes young adults aged 25 to 35 in first- and second-tier cities, with a focus on solitary individuals [12]. - Despite initial popularity, the app's long-term retention may be challenged, as users may prefer more established platforms that can integrate similar functionalities [12]. Group 5: Controversies and Challenges - The app has faced criticism for alleged plagiarism regarding its concept and design, with claims that it closely resembles a previously released concept video [13]. - The team behind "Demumu" asserts that the app's idea was inspired by community discussions rather than any single individual's input [13].

2026.01.14 本文字数：1035，阅读时长大约2分钟 作者 |第一财经 陈姗姗 据记者了解，德邦股份此次主动退市，核心原因之一是京东物流此前收购德邦时解决同业竞争的承诺的 履行。 2022年3月，德邦股份公告，京东卓风将通过受让德邦控股部分股份且同时接受德邦控股部分股东委托 获得德邦控股部分股份对应的表决权的方式，实现对德邦控股的控制，从而间接控制德邦控股所持有的 上市公司66.4965%股份。 之后，京东卓风于2022年9月6日出具承诺，自要约收购完成之日起五年内，通过具有可操作性的方式解 决京东物流与德邦股份的同业竞争问题。 如今，德邦被要约收购已经进入第四年，投资者平台上也出现关于德邦股份通过资产注入、京东物流回 A股等多种猜想。不过，相关投行业内人士认为，从监管要求、业务逻辑与行业实际来看，这些路径均 不具备可行性，京东物流体系其他物流资产的注入也无法解决核心的同业竞争问题。 对于德邦股份最终选择退市，有业内人士分析称，目前维持德邦股份上市地位的实际收益有限，成为非 上市公司后，德邦股份可全面接入京东物流体系的核心资源，无须受限于上市公司的信息披露节奏与盈 利短期压力。 财报数据显示，2025 ...

Core Viewpoint - The return of Zhang Yong as CEO of Haidilao signals a transformative phase for the company, as it faces challenges such as declining performance and a competitive restaurant environment [2][5]. Group 1: Leadership Changes - Zhang Yong has taken over as CEO from Guo Yiqun, who resigned amid a backdrop of declining performance and ongoing public scrutiny [2]. - This leadership change follows a history of CEO transitions at Haidilao during times of need for strategic shifts, indicating a pattern of leadership responding to challenges [3]. Group 2: Financial Performance - Haidilao's performance has fluctuated, with a significant loss of over 4 billion yuan in 2021, followed by a recovery with net profits of 13.73 billion yuan in 2022 and 44.95 billion yuan in 2023 [3]. - The company's stock price has dropped from a peak of 85 HKD in 2021 to approximately 14 HKD currently, reflecting investor concerns [2]. Group 3: Strategic Initiatives - Under Zhang Yong's leadership, the company is expected to focus on the "Red Pomegranate Plan," aimed at developing multiple restaurant brands and diversifying its business model [5]. - Since the initiation of the "Red Pomegranate Plan," Haidilao has successfully incubated 14 new restaurant brands, with 126 stores generating 597 million yuan in revenue, a 227% increase year-on-year [5]. Group 4: Management Structure - The introduction of younger executives into the board, with ages ranging from 35 to 44, is seen as a strategic move to enhance decision-making and adapt to a multi-business environment [6]. - The "Five More Strategy" implemented by Zhang Yong focuses on multi-brand operations, diverse product categories, extended service scenarios, channel development, and monetizing various consumer demographics [6]. Group 5: Market Challenges - Despite a strong supply chain, new brands face challenges in scaling operations and achieving profitability, highlighting the complexities of expanding beyond the core brand [6]. - The overall restaurant industry is experiencing slower growth, with a reported 4.3% increase in national dining revenue in the first half of 2025, and a decline in growth for larger establishments to 3.6% [5].