标普全球(SPGI.N)盘前一度下跌18%，现跌16%。 本文源自：金融界AI电报 ...

本文源自：金融界AI电报 穆迪美股盘前跌超10%，现报400.5美元。 ...

Group 1 - The core viewpoint emphasizes the importance of dividend assets that provide stable cash flow and defensive resilience in a low interest rate environment, particularly for ordinary investors seeking to navigate market fluctuations [1] Group 2 - Dividend indices are not merely single stock selections but a sophisticated toolbox that caters to diverse investment needs, with various indices in the A-share market focusing on different aspects and complementing each other [2] - The CSI Dividend Index is recognized as the benchmark for A-share dividend investment, selecting companies with stable dividends over the past three years and high dividend yields, comprising 100 quality stocks willing to share profits with shareholders [2] - The CSI Dividend Low Volatility Index combines high dividend characteristics with low volatility, resulting in better performance stability, while the CSI Dividend Value Index focuses on undervalued, fundamentally solid high dividend stocks to enhance valuation safety [2] - Data shows that the annualized volatility of the CSI Dividend Low Volatility Index over the past year is 11.34%, lower than that of the other two indices, and the rolling P/E ratio of the CSI Dividend Value Index is 7.73 times, lower than the other indices [2] Group 3 - The newly launched CSI A500 Dividend Low Volatility Index in 2025 achieves a dual breakthrough by focusing on quality leading companies while expanding industry coverage, significantly increasing weights in sectors like pharmaceuticals, oil and gas, and public utilities compared to previous indices [3] Group 4 - The Hong Kong dividend indices, influenced by market liquidity and dividend tax rules, generally exhibit higher dividend yields, with two core indices complementing A-share indices: the CSI Hong Kong Stock Connect High Dividend Investment Index focuses on high dividend characteristics, while the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index combines high dividends with low volatility [6] - In a low interest rate environment, relying solely on deposits may not meet the rigid cash flow needs of daily expenses or support long-term asset appreciation, making dividend indices with stable dividends and solid fundamentals a suitable choice for ordinary investors [6] Group 5 - The "Dividend+" strategy aims to enhance the quality and sustainability of dividends by focusing on companies with stable profitability and ample free cash flow, ensuring that investors can anchor their returns more on long-term value [8] - The National Value 100 Index targets undervalued, high-margin quality stocks, while the National Free Cash Flow Index captures "cash cow" companies with sustainable cash flow generation capabilities [8] Group 6 - E Fund has diversified its dividend product line, offering four differentiated investment solutions tailored to various investor needs [10] - For investors seeking regular cash flow, E Fund offers ETFs with different dividend schedules, allowing for monthly dividends [11] - For those focused on long-term compounding value, the E Fund Dividend ETF, which tracks the CSI Dividend Index and has a scale exceeding 100 billion, provides opportunities for reinvestment of annual dividends [12] - Investors looking to enhance long-term returns can consider high-growth indices while maintaining a solid dividend base, balancing stability and potential returns [13] - For investors pursuing lower volatility and more stable performance on a high dividend basis, E Fund offers specific ETFs, while those seeking stronger valuation safety can consider value-focused ETFs [14]

2025年适度宽松的货币政策效果逐步显现。金融总量保持较快增长，年末社会融资规模存量、广义货币 供应量（M2）同比分别增长8.3%和8.5%，明显高于名义GDP增速。人民币贷款还原地方化债影响后增 长7%左右，信贷支持力度持续较强。社会综合融资成本进一步下行，12月新发放企业贷款利率、个人 住房贷款利率均在3.1%左右。信贷结构持续优化，年末科技贷款、绿色贷款、普惠贷款、养老产业贷 款、数字经济产业贷款分别同比增长11.5%、20.2%、10.9%、50.5%、14.1%，均保持两位数增长，持续 高于全部贷款增速。人民币汇率在复杂形势下保持基本稳定，2025年末，人民币对美元汇率收盘价为 6.9890元，较2024年末升值4.4%，中国外汇交易中心（CFETS）人民币汇率指数为97.99，较2024年末 贬值3.4%。 当前外部环境变化影响加深，世界经济增长动能不足，贸易壁垒增多，主要经济体经济表现有所分化， 通胀走势和货币政策调整存在不确定性。我国经济运行总体平稳、稳中有进，高质量发展取得新成效， 但仍存在供强需弱等挑战。同时，我国经济基础稳、优势多、韧性强、潜能大，长期向好的支撑条件和 基本趋势没有变，要 ...

Core Viewpoint - EVE Energy has successfully launched the world's first large-scale application of a 628Ah energy storage battery with a 400MWh power station, which began operations on January 31, 2026, demonstrating the technology's capability for stable and efficient grid-level projects [1] Group 1 - EVE Energy announced the successful operation of the 200MW/400MWh independent energy storage project, proving the 628Ah battery technology's full capability to support grid-level projects [1] - The power station is equipped with 80 sets of 628Ah energy storage batteries integrated into a 5MWh direct current system called Mr.Giant, along with 40 sets of integrated boost conversion units [1] - This achievement marks a significant transition for EVE Energy from exploratory research to practical validation of large battery technology in grid applications [1] Group 2 - A strategic cooperation agreement for a future 10GWh large battery system was signed between EVE Energy and the State Grid Corporation of China during the ceremony [1] - EVE Energy has surpassed the production milestone of 1 million large batteries to date [1]

Group 1 - SMIC reported a net profit of 1.22 billion yuan for Q4 2025, representing a year-on-year increase of 23.2% [22][23] - The company achieved an operating revenue of 17.81 billion yuan, up 11.9% year-on-year [23] - The growth in performance is attributed to increased wafer sales volume, higher capacity utilization, and changes in product mix [23] Group 2 - Ge Wei Dong subscribed to a private placement of Jianghuai Automobile, investing approximately 1 billion yuan for 20.05 million shares at a price of 49.88 yuan per share [2] - Jianghuai Automobile raised a total of about 3.5 billion yuan through this issuance [2] Group 3 - Jia Mei Packaging announced that it may apply for a trading suspension again if its stock price experiences further abnormal increases, following a 567.11% price increase from December 17, 2025, to February 10, 2026 [3] - The company has been under close monitoring by the Shenzhen Stock Exchange due to significant price fluctuations [3] Group 4 - Lifan Pharmaceutical participated in a national centralized procurement process and expects to be selected for three products, which generated a total sales revenue of 14 million yuan in the first three quarters of 2025, accounting for 12.98% of its total revenue [5] Group 5 - ST Xuefa's related party, Xuesong Holdings, and its actual controller Zhang Jin were involved in a public fundraising fraud case, but the company stated that the case would not significantly impact its daily operations [6] Group 6 - Chu Tian Long plans to raise up to 760 million yuan through a private placement to fund projects related to innovative application security products and digital operations [7] Group 7 - Dong A Ejiao intends to invest 1.485 billion yuan in a health consumer goods industrial park project, focusing on the production of health food and related logistics [12] Group 8 - Jinpu Titanium announced a temporary shutdown of its Nanjing Titanium subsidiary due to reduced demand, but it is expected to have no significant impact on the company's operations [16] Group 9 - China Railway Construction recently won 10 major projects with a total value of 45.142 billion yuan, which represents 4.23% of its audited revenue for 2024 [21] Group 10 - New City Holdings reported a contract sales amount of approximately 714 million yuan in January 2026, a decrease of 29.79% year-on-year [27]

Core Viewpoint - The gaming sector is experiencing significant activity, with several companies showing notable stock price increases and engaging in diverse gaming-related business strategies. Group 1: Company Highlights - Zhongwen Online (300364.SZ) has a latest stock price of 42.34 CNY, with a daily increase of +20.01%, focusing on IP derivative development to transform literary IP into various forms including games [1] - Wento Holdings (600715.SH) has a latest stock price of 2.61 CNY, with a daily increase of +10.13%, covering mobile games, web games, and H5 game development, publishing, and operation [2] - Aofei Entertainment (002292.SZ) has a latest stock price of 10.88 CNY, with a daily increase of +10.01%, leveraging its own IP to develop and collaborate with external partners for various game types [3] - Huayi Brothers (300027.SZ) has a latest stock price of 2.36 CNY, with a daily increase of +14.01%, participating in mobile esports game development and publishing through a stake in Hero Interactive [4] - Bainian Qiancheng (300291.SZ) has a latest stock price of 9.90 CNY, with a daily increase of +9.03%, focusing on the field of interactive games and actively collaborating with partners for development [5] Group 2: Additional Company Insights - Zhongwen Media (600373.SH) has a latest stock price of 10.29 CNY, with a daily increase of +7.97%, dedicated to self-developing and operating mobile games, as well as acting as an agent for third-party developed games [6] - Ke Ying Network (002517.SZ) has a latest stock price of 24.42 CNY, with a daily increase of +7.06%, specializing in the development, operation, and publishing of high-quality mobile and web games [8] - Xinghui Entertainment (300043.SZ) has a latest stock price of 7.52 CNY, with a daily increase of +6.97%, recognized as a representative brand for domestic mobile games, integrating development, publishing, and operation [9] - Zhejiang Shuju Culture (600633.SH) has a latest stock price of 16.18 CNY, with a daily increase of +6.66%, focusing on online chess, esports platforms, and tabletop games [10] - ST Saiwei (300044.SZ) has a latest stock price of 7.25 CNY, with a daily increase of +6.30%, involved in mobile and web game development [11]

责任编辑：山上 央行发布2025年第四季度中国货币政策执行报告。继续实施好适度宽松的货币政策。把促进经济稳定增 长、物价合理回升作为货币政策的重要考量，根据国内外经济金融形势和金融市场运行情况，把握好政 策实施的力度、节奏和时机。灵活高效运用降准降息等多种政策工具，保持流动性充裕和社会融资条件 相对宽松，引导金融总量合理增长、信贷均衡投放，使社会融资规模、货币供应量增长同经济增长、价 格总水平预期目标相匹配。进一步完善利率调控框架，强化央行政策利率引导，完善市场化利率形成传 导机制，发挥市场利率定价自律机制作用，加强利率政策执行和监督，降低银行负债成本，促进社会综 合融资成本低位运行。有序扩大明示企业贷款综合融资成本工作覆盖面。发挥好货币政策工具总量和结 构双重功能，有效落实好各类结构性货币政策工具，扎实做好金融"五篇大文章"，加强对扩大内需、科 技创新、中小微企业等重点领域的金融支持。坚持以市场供求为基础、参考一篮子货币进行调节、有管 理的浮动汇率制度，保持汇率弹性，发挥汇率调节宏观经济和国际收支自动稳定器功能，强化预期引 导，防范汇率超调风险，保持人民币汇率在合理均衡水平上的基本稳定。拓展丰富中央银行宏观 ...

Group 1 - The core point of the article is that General Electric Company has obtained a patent for a sealing component of a rotary machine with a flexible joint, indicating innovation in their technology [1] - The patent is officially announced under the number CN120575987B, with the application date recorded as February 2025 [1]

标普：由于预期盈利将持续低迷，将斯泰兰蒂斯(STLA.N)评级下调至"BBB-"。 本文源自：金融界AI电报 ...