Core Viewpoint - The selection of the next Federal Reserve Chair is highly anticipated, with potential candidates including Kevin Hassett, Christopher Waller, Kevin Walsh, and Rick Rieder, each having different implications for monetary policy and market stability [1] Group 1: Candidates and Their Implications - Kevin Hassett has been a favored candidate for a long time, closely aligned with Trump's economic policies, which may lead to aggressive monetary policy stances [1] - Christopher Waller, a current Federal Reserve Governor, is also in the running, but his approach may not align as closely with Trump's preferences [1] - Kevin Walsh is viewed as a moderate rate cutter, potentially more acceptable to various stakeholders, and could be a compromise choice for Trump [1] Group 2: Economic Analysis - Sun Lijian from Fudan University warns that sacrificing the independence of the Federal Reserve for political gains could have long-term negative consequences for the U.S. economy [1] - Zhang Jianping from the Chinese Academy of International Trade and Economic Cooperation notes that Hassett's economic policy thinking has been significantly influenced by Trump since the first term [1] - Scholar Chu Yin suggests that while Hassett may be Trump's preferred choice, it could lead to significant market volatility, indicating that a more stable approach may be necessary [1]

Core Viewpoint - The report emphasizes the dual opportunities presented by the global liquidity shift and the revaluation of Chinese assets in 2026, advocating for a resilient investment strategy that balances "risk aversion and growth" [1] Group 1: Chinese Equity Assets - In 2026, China's economic resilience positions it as a relatively stable choice for global asset allocation, with GDP surpassing 140 trillion yuan in 2025, reflecting a 5.0% year-on-year growth [2] - The A-share market is expected to transition from a valuation recovery driven by policy and liquidity to a solid increase supported by corporate profit improvements, establishing a "slow bull" market [2] - Chinese equity assets are shifting from "marginal allocation" to "core allocation," driven by external uncertainties and a transformation in domestic wealth structure, indicating a long-term trend towards equity investments [2] Group 2: Hong Kong Market - The Hong Kong market is poised to benefit from the U.S. interest rate cut cycle, with sectors like technology and innovative pharmaceuticals still at historical low valuations, suggesting a potential for value revaluation in 2026 [3] - In contrast, the U.S. stock market, despite the ongoing AI boom, is at historical high valuations, with profit growth concentrated among a few tech giants, indicating a "K-shaped" divergence [3] Group 3: Precious Metals (Gold) - Gold has emerged as a leading asset over the past three years, with a cumulative increase of nearly 150% from 2022 to 2025, driven by a reconstruction of trust, reassessment of monetary credit, and heightened demand for safe-haven assets [4] - The acceleration of de-dollarization, geopolitical risks, the U.S. Federal Reserve entering a rate-cutting cycle, and record-high holdings in gold ETFs support the continued recommendation for an "overweight" position in gold [5][6] - As of January 21, 2026, gold prices reached $4,835.07 per ounce, marking a significant increase of over 10% in the year, with a historical breakthrough of the $4,800 mark [5] Group 4: Investment Strategy - The report highlights the importance of a scientific approach to investment, utilizing tools like multi-asset allocation and risk assessment to navigate uncertainties [7] - The year 2026 is viewed as a pivotal year for wealth distribution over the next five years, with a focus on long-term investment strategies to capture systematic returns [7]

大湾区科创对话——在2025大湾区科学论坛的现场，我们与来自全球的顶尖科学家、教育家与企业家展 开对话_凤凰网视频_凤凰网 ...

1月23日，在2026大湾区医疗健康创新大会上，蚂蚁健康与中国营养学会宣布达成深度合作。双方将围 绕权威营养学知识库共建、个性化营养服务和行业标准等方面，共同探索人工智能在营养健康领域的科 学应用。相关合作成果将率先应用于蚂蚁阿福App，让阿福提供的健康与饮食建议更加科学、更可靠。 中国营养学会会长副理事长马爱国表示："AI正在成为营养健康领域的新基建。我们希望通过与蚂蚁健 康的合作，借助人工智能技术把专业的营养建议带到每个人身边，真正帮公众改善饮食行为、提升健康 水平，共同助力'健康中国'战略的落实与推进。" 为进一步提升蚂蚁阿福在健康和饮食建议方面的专业度和权威度，蚂蚁健康与中国营养学会的合作将从 两个维度展开： 第一，建立权威的营养知识体系。中国营养学会将提供专业知识，协助蚂蚁阿福构建高质量语料库与结 构化的知识图谱，将体系化的营养学知识转化为机器可理解、可推理的语义网络，从而夯实蚂蚁阿福底 座大模型的科学根基，提升阿福在回答饮食与健康问题时的专业度权威度。 其次，共同推动个性化营养服务的行业标准。双方将成立联合小组，共同研究并制定AI在营养健康领 域应遵循的基本规则与评估标准，为业界提供可供参考的专业 ...

"我在职8年，各项工作都是按公司流程执行，怎么就严重违反规章制度了？"王先生在通知书上注明"不认可、不接受辞退"，但公司仍执意解除劳动关系。 随后，王先生申请劳动仲裁，要求公司支付赔偿金、工资差额等共计89.8万元。前海人寿拒绝赔付，还提起反申请，称王先生存在违规报销和严重失职行 "前海人寿一直拖着拒不赔付！" 近日，王先生向"凤凰网服务台"反映（报料链接：https://finance.ifeng.com/questionnaire），三年前被前海人寿保险股份有限公司（以下简称"前海人寿"）单 方面解雇后，他便踏上了漫漫维权路。 令人没想到的是，这场劳动纠纷跨越近三年仍未落幕——历经仲裁、法院一审和二审及高院再审，最终认定前海人寿违法解除劳动合同，判令其支付80余万 元补偿款。但判决生效后，前海人寿仍不履行赔付义务，这让王先生既气愤又无奈。 据王先生介绍，他在2014年入职深圳前海人寿保险股份有限公司，期间也算稳步晋升，曾历任财务管理室经理、财务总监助理等职。2022年8月，公司安排 他兼任北京项目公司总经理，还与公司签订了无固定期限劳动合同，双方约定月工资66000元，其中基本工资52800元、绩效工资1 ...

Core Insights - The event "Yujian Meihao. Digital Empowerment" was successfully held in Chongqing, focusing on the e-commerce selection for the upcoming Chinese New Year, aiming to boost the local economy and digital commerce [1] - The Dadu District government is committed to developing live e-commerce and creating a brand matrix called "Yiduh Hao Huo," integrating live streaming, industry, and supply chains [1][3] - The establishment of the Southwest Live E-commerce Base by Yaowang Technology is expected to help local products reach national markets through digital channels [1] Group 1 - The "Juxing Plan" for digital business talent was launched, aiming to enhance professional capabilities in the Southwest e-commerce industry through training and industry salons [2] - The event featured strategic and practical discussions on live e-commerce operations, platform support policies, and new consumer brand marketing [2] - A selection meeting was organized to facilitate one-on-one exchanges between over 200 e-commerce companies and brand suppliers, addressing policy and resource inquiries [2] Group 2 - Attendees visited the Yaowang Technology Southwest Live E-commerce Base, which includes a 4,000 square meter space with shared live streaming rooms and selection centers [3] - The base offers comprehensive services including content creation, live streaming operations, supply chain integration, and talent incubation, with policies to reduce operational costs for resident companies [3] - Future activities will focus on regular selection meetings and talent cultivation to promote the transition from "Made in China" to "Chinese Brands," contributing to the prosperity of Chongqing's consumer market and the high-quality development of the digital economy [3]

图为新车交付仪式现场 据奇瑞汽车总裁助理张炳凤介绍，此次与一嗨出行的深化合作，标志着奇瑞正式迈入规模化拓展出行服 务市场的新阶段，这不仅是市场对奇瑞产品力与品牌价值的高度认可，更是奇瑞将高端制造体系优势转 化为出行生态服务能力的生动实践。 一嗨出行公关部副总裁易彦表示，与奇瑞这样具备深厚自主研发实力和强大供应链体系的自主汽车品牌 合作，不仅为一嗨出行的车辆升级与运营保障注入了强劲动力，也为推动出行行业绿色转型与产业协同 发展提供了重要示范。 1 月23日，"奇驭山河.嗨驰天下"奇瑞汽车&一嗨出行战略签约暨5000台新车交付仪式在安徽芜湖举行。 在现场来宾的见证下，奇瑞汽车股份有限公司董事长尹同跃，向一嗨出行创始人、董事长兼CEO章瑞平 交付钥匙。这标志着两家行业领军企业继2025年首次合作后，进一步开启深化战略协作、共创智慧出行 新生态的新阶段。这也是奇瑞规模最大的单次新车集中交付。 奇瑞汽车股份有限公司常务副总裁张国忠，一嗨出行车务副总裁唐宇钧，浦银金租总裁魏强，奇瑞汽车 股份有限公司总裁助理张炳凤等出席仪式并见证新车交付。 图为奇瑞向一嗨出行交付钥匙 本次交付的5000辆车型覆盖SUV、轿车等多元品类，全 ...

但他同时也表示，中国大部分上市企业仍然存在短板，需警惕"接不住"风险。他认为，当前部分上市公 司"只保老板利益，不保员工利益"，导致创新动力不足；而华为等未上市企业虽机制灵活(如全员持股 分红)，却难以成为主流。"现代企业制度的核心是让员工共享发展成果，上市公司若能解决这一问题， 将成为AI创新的'主力军'。" 针对当前AI投资热潮，郭凡生警示"美国AI泡沫已近破裂"。他以互联网为例，"当年互联网最大的坑就 在美国，美国出现坑之后没几年，它就金融危机了"。 他认为，英伟达等企业的市值增长存在"自循环"嫌疑(如与OpenAI、谷歌互相采购推高业绩)，类似"庞 氏骗局"；若无法让外部用户真正通过AI盈利，泡沫终将破裂。"今年可能出现拐点，美国经济将首当其 冲受冲击。"相比之下，中国因政策稳健、注重开源与成本控制，有望在泡沫破裂后承接产业资源，"中 国经济环境或因此改善"。 凤凰网财经讯1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战 ...

回顾互联网浪潮，郭凡生认为中国企业的成功源于"B2C模式的易复制性"。"当当、百度等都是学美国 模式，但B2C直接面向消费者，需求明确、试错成本低，学了就能挣钱。"彼时，美国互联网企业已验 证商业模式，中国只需快速适配本土市场即可实现增长。 凤凰网财经讯 1月22日，由上市公司领袖俱乐部、凤凰网财经联合主办的"'A+H新浪潮'暨第三十四期上 市公司企业家交流会"于北京东方茂酒店召开，汇聚李国庆、兰世立等重磅嘉宾，聚焦A+H股上市公司 面临的产业升级、资本运作、跨境布局的多重机遇与挑战，旨在凝聚上市公司企业家力量，探讨企业协 同发展、资本赋能与产业升级路径，助力构建产融结合新生态。 当前，AI正以"下一代互联网"的姿态重塑产业生态，但其发展路径与影响已超越技术本身，成为大国竞 争的新焦点。对此，知名企业家、慧聪网创始人郭凡生系统剖析了AI赋能产业的底层逻辑、中美竞争 态势及潜在经济影响，提出"算力与算法分野""B2B主战场在中国"等核心判断，为理解AI产业格局提供 了独特视角。 郭凡生指出，AI发展的核心规则是"算力+算法"的双轮驱动。目前，美国在算力领域占据先发优势，依 托英伟达等企业的芯片技术构建起硬件壁垒 ...

Market Performance - The major indices experienced a rally at the end of the trading session, with the Shenzhen Component Index and the ChiNext Index both rising over 0.5%, while the North Star 50 Index surged over 3% [1] - The Shanghai Composite Index closed up 0.33% at 4136.16, the Shenzhen Component Index rose 0.79% to 14439.66, and the ChiNext Index increased by 0.63% to 3349.50 [2] - The total trading volume in the Shanghai and Shenzhen markets reached 3.9 trillion, an increase of 393.5 billion compared to the previous trading day [1][4] Sector Performance - The solar energy sector saw significant gains, with over 30 stocks including Longi Green Energy and Junda Shares hitting the daily limit [2] - The commercial aerospace sector was also active, with several stocks such as Goldwind Technology and Runbei Aerospace hitting the daily limit [3] - The AI application concept gained traction, with stocks like Zhejiang Wenhu Internet showing strong performance [3] Market Breadth - A total of over 3900 stocks in the market rose, with 121 stocks reaching the daily limit [2][6] - The insurance and banking sectors experienced the largest declines [3] - The market showed a strong bullish sentiment with a limit-up rate of 85% and a high opening rate of 63% [5]