沃尔核材（002130）(002130.SZ)公告，公司境外上市外资股(H股)自2026年2月13日起调入沪港通及深港 通下的港股通标的证券名单。 ...

Group 1 - South Korean retail investors are preparing to return to the domestic stock market with a record amount of funds, aiming to chase returns in one of the hottest markets globally [1] - The available funds for stock purchases reached a historical high of 111 trillion KRW (approximately 77 billion USD), indicating a shift in investment direction among retail investors [1] - The Korean benchmark Kospi index has surged 31% year-to-date, outperforming global indices, with local institutions being the largest net buyers in this rally [1] Group 2 - President Lee Jae-myung is focusing on boosting stock market valuations and encouraging local retail investors, known as the "ant army," to shift funds from real estate and overseas markets to domestic stocks [2] - The number of active stock trading accounts in South Korea has surpassed 100 million for the first time, reflecting the effectiveness of promotional efforts by brokerages [2] - The introduction of the "Reshoring Investment Account" policy allows investors to receive up to 100% capital gains tax exemption if they reinvest profits from overseas stocks into the domestic market [2] Group 3 - South Korean regulators are preparing to approve single-stock ETFs to attract retail investors seeking leveraged returns, with a leverage cap set at two times [3] - The most favored stocks among retail investors include Hyundai Motor, SK Hynix, and Samsung Electronics, benefiting from strong corporate earnings driven by the AI boom [3] - The Korean market is experiencing a revival due to government-led initiatives and robust earnings in sectors like semiconductors, meeting investor expectations [3]

Core Viewpoint - Xing Tai Chain Group (00399) experienced a significant stock price increase of over 50%, reaching HKD 0.083, with a trading volume of HKD 7.7567 million, following the announcement of a strategic cooperation framework agreement with China International Digital Finance Group for a gold-backed real-world asset tokenization project [1] Group 1 - The company has entered into a strategic cooperation framework agreement aimed at a gold-backed real-world asset tokenization project, scheduled for February 12, 2026 [1] - The board believes this collaboration aligns with the company's strategic development in blockchain infrastructure and digital asset technology [1] - The framework agreement allows the company to join a large-scale asset-backed digital reserve ecosystem, enhancing its international position in digital finance and cross-border settlement applications through the utilization of Hong Kong's regulatory framework [1] Group 2 - The partnership is expected to create new revenue streams and diversify income sources by providing technical services, participating in ecosystem operations, and engaging in RWA-related businesses [1]

对于所覆盖的OEMs及供应商，高盛下调12个月目标价，幅度最多达12%，同时下调盈利预测平均约 16%，以反映2026年1月及第一季较疲弱的需求环境，以及原材料与内存成本上升。 高盛发布研报称，进入2026年，投资者对汽车板块的持仓相当偏低，主要关注三大问题:1)行业销量走 势；2)原材料及内存成本上涨；(3)潜在的进一步政策刺激。此外，该行评估了商品及内存价格上升的影 响，并根据商品价格涨幅、成本转嫁至车企的假设，以及因应不同电池容量及算力所对应的不同内存成 本而设定的高低端假设，识别潜在的利润率影响。 报告提到，根据中国基础材料1月监测，截至2026年1月，锂、钢、铝及铜的金属价格变动介乎下跌9% 至上涨80%。不过，高盛商品团队预期，上述金属2026年全年的价格涨幅将放缓至约0%至23%。与此同 时，该行全球半导体团队预期，常规DRAM价格于2026年预测将同比上升约180%，对比年初至今同比 升85%。 ...

小摩表示，鉴于Diego在投资者中声誉良好，且近期在渣打实现财务里程碑(包括大规模股份回购及 ROTE改善)中扮演关键角色，小摩预期其意外离职将导致渣打股价出现低至中单位数的跌幅。尽管如 此，小摩的投资展望保持正面，因银行的稳健表现得益于持续的战略转型及有利的货币环境。 渣打集团(02888)跌超3%，截至发稿，跌3.71%，报186.8港元，成交额1.55亿港元。 消息面上，晨星发布研究报告指出，近日，渣打集团财务总监Diego De Giorgi即时离任，目前职务将由 副财务总监Peter Burrill暂时接替。晨星认为，此次管理层变动消息属意外负面因素，将引发市场对该行 人事变动及继任安排的担忧，但指出行政总裁温拓思未表示有任何退休计划，相信渣打未来将继续专注 执行"Fit for Growth"策略，在Peter Burrill领导下仍能实现目标，因此预期此次事件对渣打营运影响有 限。 ...

智通财经APP获悉，花旗发布研报称，尽管2026年预期加工费(TC/RC)走低，但考量硫酸价格上涨，预 期江西铜业股份(00358)的铜冶炼业务仍能维持盈利。若收购SolGold交易顺利完成，预计将自2028年起 推动长期盈利增长。该行将江西铜业H股目标价由39.8港元上调至54.1港元，按现金流折现率及公平市 账率作估值，维持"买入"评级。 ...

Core Viewpoint - The photovoltaic stocks have collectively declined, influenced by rising silver prices which have increased the cost of silver paste, subsequently affecting the costs of battery cells and modules [1] Group 1: Stock Performance - Xinyi Solar (00968) fell by 4.18%, trading at HKD 3.44 [1] - Xinte Energy (01799) decreased by 3.35%, trading at HKD 7.22 [1] - Flat Glass Group (601865) dropped by 2.94%, trading at HKD 11.24 [1] - Junda Co., Ltd. (002865) declined by 1.83%, trading at HKD 39.64 [1] Group 2: Cost Analysis - Silver prices have been on a gradual rise, directly increasing the cost of silver paste [1] - As of January 30, 2026, the complete cost of battery cells is projected to exceed CNY 0.5/W, reflecting a month-on-month increase of CNY 0.1/W [1] - The complete cost of modules has surpassed CNY 0.9/W [1] Group 3: Market Dynamics - Domestic market execution of ground project orders is gradually declining, with limited visibility on new orders [1] - The overseas market's demand is expected to strengthen due to changes in export tax rebates, with a forecast that Q1 2026 shipments will be primarily driven by the overseas market [1] - In the context of weak seasonal demand and recent price increases for modules, procurement attitudes are becoming more cautious, leading to insufficient order visibility for Q1 2026 [1]

（原标题：中汽协：1月商用车产销分别完成38.8万辆和35.9万辆 同比分别增长29.9%和23.5%） 智通财经APP获悉，据中国汽车工业协会统计分析，2026年1月，在商用车主要品种中，与上月相比， 货车和客车产销均呈不同程度下降；与去年同期相比，货车产销快速增长，客车产量小幅增长、销量小 幅下降。 2026年1月，客车产销分别完成3.8万辆和3.5万辆，产量同比增长2.7%，销量同比下降6.3%，环比分别 下降36.7%和44.9%。在客车细分品种中，与上月相比，三大类客车品种产销均呈明显下降；与去年同 期相比，中型客车产销快速增长，大型客车产量两位数增长、销量小幅下降，轻型客车产销呈不同程度 下降。 2026年1月，货车产销分别完成35万辆和32.3万辆，同比分别增长33.7%和27.9%，环比分别下降1.8%和 10.4%。在货车细分品种中，与上月相比，重型货车和中型货车产量呈不同程度下降、销量小幅增长， 轻型货车产销呈不同程度下降，微型货车产量快速增长、销量小幅下降；与去年同期相比，四大类货车 品种产销均呈不同程度增长。 2026年1月，商用车产销分别完成38.8万辆和35.9万辆，同比分别增长2 ...

2026年1月，在乘用车主要品种中，与上月相比，交叉型乘用车产量两位数增长，销量小幅下降，其他 三大类乘用车品种产销均呈明显下降；与去年同期相比，运动型多用途乘用车（SUV）产销呈不同程度 增长，其他三大类乘用车品种产销均呈不同程度下降。 2026年1月，乘用车国内销量139.9万辆，同比下降19.5%，环比下降36.6%。 2026年1月，乘用车出口58.9万辆，同比增长48.9%，环比下降8.2%。 （原标题：中汽协：1月乘用车产销分别完成206.2万辆和198.8万辆 同比分别下降4.1%和6.8%） 智通财经APP获悉，据中国汽车工业协会统计分析，2026年1月，乘用车销量环比、同比均呈下降，受 政策切换调整等多方因素影响，市场出现短期回调。2026年1月，乘用车产销分别完成206.2万辆和198.8 万辆，同比分别下降4.1%和6.8%，环比分别下降28.4%和30.2%。 ...

（原标题：?日元强势回归! 财政担忧降温+避险盘涌入 日元即将创2024年11月以来最强周涨幅） 智通财经APP获悉，在市场愈发相信日本首相高市早苗赢得众议院绝大多数席位后，将使得日本政府得 以在维持债券投资者们对财政政策信任的同时扩大刺激之际，日元汇率(日元兑美元)正朝着自2024年11 月以来最大单周涨幅迈进。日元兑美元已连续四个交易日升值，本周迄今累计走强约2.8%。此外，随 着股票市场因AI颠覆预期而面临大规模抛售、加密货币等风险资产抛售加剧，强劲避险需求也对日元 汇率构成支撑。但随着日元大幅走强，也有投资者开始担忧"日元套息交易"面临大规模平仓风险，可能 引发股债汇三市剧烈震荡。 华尔街知名投资机构BCA Research的策略师团队近期发布研报称，日元套息交易是"全球金融市场一颗 滴答作响的定时炸弹"，在日本央行加息预期以及高市早苗刺激政策可能推动长期限国债收益率激增的 背景下，这种长期以来极度受交易员们欢迎的对冲基金策略面临大规模平仓的风险，可能引发剧烈反向 冲击。 投资者们将高市的决定性胜利解读为降低了政治不确定性，并降低了最坏财政结果出现的风险，这有助 于推升日元汇率，并推动日本长期限国债收 ...