2026年开年以来，期货业监管高压态势丝毫不减。 多家期货公司被监管"点名"，处罚直指居间业务、内部控制、互联网营销等核心违规领域，既有警示函、监管谈话等柔性约束，更有暂停新开户等实质性 业务限制。 据不完全统计，2026年1月，多地证监局已对相关期货公司开出6张罚单，实施多起行政监管措施。金元期货、先锋期货、华金期货、恒泰期货、中辉期 货、国新国证期货等卷入其中。 金元期货被罚 1月30日，海南证监局网站公布有关金元期货及该公司相关人员的监管措施。海南证监局指出，经查，金元期货存在违规与第三方机构开展居间合作的情 形，反映出公司互联网营销业务合规管控缺失，内部控制存在缺陷。根据相关规定，金元期货被采取责令改正的行政监督管理措施。 除了公司被罚，金元期货首席风险官吴育娜，公司分管经纪业务的副总经理聂义锋，均被海南证监局采取出具警示函的行政监督管理措施。 分支机构成违规重灾区 从处罚对象看，分支机构成为违规"重灾区"。先锋期货广州分公司、中辉期货天津营业部、恒泰期货青岛营业部等多家分支机构均因多项违规被罚。处罚 力度的升级尤为明显，与以往不同，暂停期货经纪业务新开户与责令改正并行成为主流处罚方式。其中，恒泰期货 ...

明确未经债务人同意，严禁在每日晚22:00至次日早8:00进行各类催收。 1月30日，中国银行业协会制定发布了《金融机构个人消费类贷款催收工作指引 (试行)》（下称《指 引》），通过催收行为定义、催收行为规范、外部催收机构管理、内控管理、促进行业健康发展等方 面，加强行业自律、规范业务发展。 该《指引》自发布之日起施行，《中国银行业协会信用卡催收工作指引试行》将同步废止。 划定"催收红线"，全覆盖规范行为 《指引》明确了适用范围，涵盖中国银行业协会会员单位发放的信用卡、个人消费贷款产品，其他类型 个人贷款产品可参照执行。在催收行为界定上，将电话催收、信函催收、外访催收、司法催收及通过短 信平台、企业微信号等开展的其他催收均纳入自律范围，实现催收方式全覆盖。 为保护债务人合法权益，《指引》划定了严格的"催收红线"。明确未经债务人同意，严禁在每日晚 22:00至次日早8:00进行各类催收；电话催收时，对债务人同一联系方式当日尝试拨打次数不宜超过6 次，避免过度骚扰。 强化外部机构管控 外部催收机构的规范运作是催收行业健康发展的关键。《指引》明确会员单位是催收管理的第一责任 人，对外部催收机构实行名单制管理，需制定 ...

Core Viewpoint - Recent fluctuations in gold prices have prompted major banks to take urgent measures to control risks associated with gold-related businesses [1] Group 1: Bank Responses - Industrial and Commercial Bank of China (ICBC) issued a risk warning on February 1, advising clients to maintain a rational investment mindset and avoid impulsive trading due to significant price volatility [2] - Agricultural Bank of China (ABC) announced an increase in margin requirements for gold trading contracts from 44% to 60% starting January 30, emphasizing the need for clients to manage their positions carefully [3] - Bank of China (BOC) highlighted the uncertainties in the precious metals market and urged clients to conduct transactions based on their financial status and risk tolerance [4] - China Construction Bank (CCB) raised the minimum investment amount for gold accumulation business to 1500 yuan, advising clients to enhance their risk awareness amid increased market volatility [5] - Bank of Communications and Postal Savings Bank also issued trading alerts, with the latter increasing margin requirements for various gold contracts from 80% to 120% [6] Group 2: Market Outlook - The chief economist of Zhaolian emphasized the need for investors to have appropriate risk tolerance amid increased short-term volatility in gold prices, while the long-term upward trend in gold prices remains intact [7]

Group 1 - The core viewpoint of the articles indicates that by the end of 2025, China's real estate market is showing positive changes, with a significant reduction in unsold housing inventory and ongoing urbanization efforts [1][2]. - The total scale of real estate transactions is stabilizing, with a notable trend of combined sales in new and second-hand housing markets showing signs of recovery, particularly in major cities [2][3]. - The reduction in unsold housing inventory is attributed to both proactive measures to reduce stock and natural market balancing, which helps stabilize market expectations and confidence [3]. Group 2 - Effective policy measures from various regions are contributing to the stabilization of the real estate market, including relaxed purchasing conditions for non-local families and financial incentives for talent acquisition [4][5]. - The transition to high-quality development in the real estate sector is being accelerated, with significant progress in upgrading old housing and implementing safety management systems [6][7]. - Looking ahead to 2026, it is anticipated that improved pricing, increased availability of quality housing, and a friendly purchasing environment will lead to a surge in housing demand and continued activity in both new and second-hand home transactions [8].

回顾历史，无论是蒸汽机取代马车，还是流水线工人代替手工作坊，或是后来的"机器换人"，每一轮科技革命都会取代一些岗位，当年也不乏有人担 忧"失业潮"。不过事后看来，这些技术变革非但没造成大规模失业，反而激发更多投资和消费需求，创造了大量新岗位。 技术是工具，更是阶梯。在相关部门支持下，以开放心态拥抱变革，以积极行动提升能力，一定能在技术浪潮中把握就业主动权，让科技进步惠及更多劳 动者。 事实上，技术变革从来不是单向度的替代，而是在重构就业版图中实现替代与创造的动态平衡，这正是科技进步与社会发展的内在逻辑。 面对变革，焦虑无用，实干为要。对劳动者而言，技能升级是破局关键，主动适配人机协作新模式方能站稳脚跟；对社会而言，需完善技能培训体系、化 解结构性就业矛盾、筑牢社会保障底线，为转型保驾护航。 1月27日，人力资源社会保障部传出消息：我国将出台应对人工智能影响促就业文件。 1月27日人力资源社会保障部的发布会，除了提到将出台应对人工智能影响促就业文件外，还提出，下一步将实施稳岗扩容提质行动、推出重点行业就业 支持举措、开展大规模职业技能培训、强化重点群体就业支持、出台统筹城乡就业体系意见等。这些工作是一体部署、协 ...

Group 1 - The core viewpoint of the article highlights the collaboration between Lansi Zhongke and Lanzhou University in the field of rare earth materials and nanotechnology, aiming to leverage regional resources for innovation and development [1][4][6] Group 2 - Lansi Zhongke's management team, including General Manager Kang Xiangjing, engaged in academic exchanges with Lanzhou University's chemistry and chemical engineering faculty, focusing on the industrialization of nanomaterials [1][3] - The visit included a tour of Lanzhou University's research facilities, emphasizing the institution's capabilities in research platform construction and advanced equipment [3] - A presentation was made on Lansi Zhongke's projects, including nanomaterials and their market applications, followed by discussions on technical challenges and potential areas for collaboration [4][6] Group 3 - Kang Xiangjing emphasized the importance of utilizing Gansu's rich rare earth resources and proposed the establishment of a collaborative innovation system that integrates production, learning, and research [6] - The collaboration aims to address national strategic needs and enhance the competitiveness of high-end products in the rare earth industry, with a focus on breakthroughs in various advanced fields [6] - Professor Xi Pinxian expressed support for the partnership, highlighting the potential for joint efforts to tackle critical industry challenges and promote regional industrial upgrades [6]

在赣南这片素有"稀土王国"之称的土地上，一条由兰石中科、虔东稀土与严纯华院士工作站共同搭建的 纳米稀土材料中试线，正持续推动新材料领域的多元化突破。近日，在成功完成60吨纳米碳酸镧交货任 务后，应客户特定需求，公司又顺利完成百吨级微米级碳酸镧产品的定制生产。这不仅是一次产能的跨 越，更是公司坚持以客户为导向、灵活响应市场、拓展产品矩阵的生动实践。 干燥工序的"能量掌控者"：精准响应需求的品质决胜 在干燥焙烧环节，雒富荣牢牢把控着物料从湿到干、从松散到成型的最后一道关口。他需要根据产品目 标规格，实时精确调节能量输入与物料流量。"我们已具备稳定生产纳米级与微米级产品的完整能 力，"他指着细腻均匀的成品说道，"当前这批产品D50稳定控制在1.09μm，正是为了满足客户在特定应 用场景下的性能需求。"这标志着公司在响应市场需求、可控制备多尺度微纳米产品方面的技术实力与 生产灵活性。 百吨，不仅是一个产量节点，更是一种能力与精神的刻度。这一百吨微米级产品，是由客户信任、市场 导向与无数次紧盯屏幕的专注、反复湿透的工装、深夜独行的灯光共同铸就。它背后没有豪言壮语，只 有对客户需求的踏实回应；没有单打独斗的英雄，只有紧密 ...

Core Viewpoint - The Federal Reserve has decided to maintain the current interest rate, pausing any rate cuts, while China's Loan Prime Rate (LPR) remains unchanged for eight consecutive months, reducing the likelihood of short-term mortgage rate decreases for homebuyers [1][3]. Group 1: Impact of Federal Reserve's Decisions - The Federal Reserve's interest rate, known as the federal funds rate, serves as a benchmark for the financial market and influences global capital flows due to the dollar's status as the world currency [3]. - A pause in rate cuts by the Federal Reserve stabilizes dollar asset yields, which slows capital movement and alleviates pressure on the Renminbi exchange rate [3][5]. Group 2: China's Monetary Policy Context - China's monetary policy is primarily driven by domestic economic conditions, contrasting with the Federal Reserve's aggressive rate hikes from March 2022 to July 2023 to combat inflation [6]. - The Chinese economy is expected to grow at a GDP rate of 5% by 2025, supported by a shift in policy focus from monetary to fiscal measures, which are more direct and effective in stimulating specific sectors [6][11]. Group 3: Banking Sector Considerations - As of Q3 2025, the net interest margin for commercial banks in China is only 1.42%, indicating pressure on banks to maintain profitability while managing deposit and loan rates [7]. - Continuous reductions in loan rates have been made to support the real economy, but banks face challenges in lowering deposit rates without risking a loss of savings [7][10]. Group 4: Future Interest Rate Outlook - There is still potential for rate cuts, as indicated by the Deputy Governor of the People's Bank of China, with room for adjustments in reserve requirements and funding costs [10][11]. - However, the likelihood of comprehensive rate cuts in the short term is low, as the current mortgage rates are already at historical lows, and the market is in a transitional phase [11].

日前，金融监管总局、公安部联合发布第二批金融领域"黑灰产"违法犯罪典型案例。 "代购买房"、"白户"招募……这些看似有利可图的"生意"下，隐藏着怎样的陷阱？这些"诱惑"能信 吗？ 0:00 / 2:50 小明从一个采访到的真实故事讲起，揭开金融领域"黑灰产"面纱…… 面对金融领域"黑灰产"突出违法犯罪，金融监管总局、公安部等重拳出击。去年6月至11月，多省 市开展金融领域"黑灰产"违法犯罪集群打击，共立案查处犯罪案件1500余起，打掉职业化犯罪团伙200 余个。 震慑违法犯罪，提醒广大公众，相关部门还持续发布典型案例。"职业背债"、"代理退保"、"代购 买房"、"白户"招募……看到这些字眼、碰到类似情况，我们要提高警惕、避免落入陷阱，还应向公安 机关等积极提供线索。 金融市场良好环境，关乎百姓切身利益。向金融领域违法犯罪行为说"不"，远离"黑灰产"圈套陷 阱，既是对个人财产和人身安全负责，也为消除"黑灰产"蔓延土壤贡献力量。相关部门也将持续健全长 效防控机制，搭建"行业筛线索、公安办案件、公众齐防范"的高效共防模式，强化行刑衔接，推动源头 治理。营造更加安心、放心的金融消费环境，我们共同参与。 金融领域"黑灰 ...

Core Insights - FILA has opened its first upgraded flagship store, "FILA TOPIA Xi'an No.1," in Xi'an, integrating its century-long history and local culture into the retail experience [1][3][4] Group 1: Store Concept and Design - The store features four thematic areas designed to enhance consumer experience, including a professional sports area reminiscent of ancient Rome and a footwear section inspired by maritime exploration [3][4] - The design aims to create an immersive shopping environment, with cultural narratives embedded in every detail, such as a ski area reflecting the winter sports atmosphere and a living series area resembling a cozy living room [3][4] Group 2: Strategic Goals and Consumer Engagement - The CEO of FILA Greater China emphasized that the "ONE FILA" strategy focuses on reconnecting with consumers and enhancing brand resonance [3][4] - The store introduces a "brand friend" role to guide customers and narrate the brand's history, along with personalized styling advice and interactive experiences to deepen emotional connections with consumers [4][5] Group 3: Market Positioning and Local Adaptation - The opening of the flagship store aligns with China's "first store economy" initiative, which aims to stimulate consumer spending and support local markets [5][7] - FILA has tailored exclusive products for the Xi'an market, such as "Terracotta Warrior Skating" and "Bell Tower Shadow" series, to cater to local preferences [7][8] Group 4: Future Expansion Plans - FILA plans to innovate its retail formats across various cities, focusing on niche customer segments and specific scenarios, such as a golf-themed store and a collaboration with cultural tourism [8][9] - The brand aims to continue expanding its presence in China, leveraging its innovative capabilities to enhance the consumer experience in the sports fashion sector [9]