1月23日，北京金融监管局发布《关于魏广慧北京农村商业银行股份有限公司副行长任职资格的批复》，核准魏广慧北京农村商业银行股份有限公司（以下 简称"北京农商行"）副行长的任职资格。 公开资料显示，魏广慧曾任北京农商行筹备组安全保卫部助理负责人、安全保卫部总经理助理、后勤事务部副总经理（主持工作）、海淀支行副行长、客户 服务中心副总经理、客户服务中心总经理、办公室（安全保卫部）总经理、行长助理等职务。 日前，北京农商行原董事长关文杰跨行履新北京银行党委书记、拟任董事长。此前，关文杰以北京银行党委书记身份正式亮相，宣告其完成跨机构调任，这 一人事变动也让北京农商行的新掌舵人归属成为北京区域金融市场的关注焦点。 ...

招银理财上任总裁为钟文岳，钟文岳于2025年5月辞任招银理财总裁后，回归招商基金任总经理。 1月26日，国家金融监督管理总局发布《关于董方招银理财有限责任公司董事、总裁任职资格的批复》，核准董方招银理财有限责任公司董事、总裁的任职 资格。 董方的任职资格时隔半年终于获批。2025年6月，招银理财官网发布公告称，董事会同意聘任董方为总裁，至董方总裁任职资格获得国家金融监督管理总局 核准之日前，由其代为履行总裁职责。履新招银理财之前，董方为招商基金副总经理。 近几年，招银理财业绩并不乐观。招商银行2024年报显示，招银理财2024年净利润同比降14.14%，已连降两年。 日前，招银理财发布多个产品管理费费率优惠公告，部分产品优惠后费率低至0.01%。月初，招银理财曾将旗下一款固定收益类产品管理费率由0.15%直接 降至0%，优惠期为1月14日至3月31日。 ...

日前，国家金融监督管理总局发布《关于向党中国长城资产管理股份有限公司董事长任职资格的批复》，核准向党中国长城资产管理股份有限公司（以下简 称"长城资产"）董事长的任职资格。 2025年10月，长城资产发布公告称，经第二届董事会第三十六次会议决议，选举向党为董事长。同时，长城资产称，董事会接受向党关于辞去总裁的辞呈， 其不再担任总裁职务。为确保公司经营管理工作的正常运转，在新任总裁履职之前，由向党代行总裁职责。 长城资产2024年财报显示，截至2024年末，该司资产总额达5712.76亿元，较上年增加173.49亿元；实现营业收入222.97亿元，同比下滑10.26%；实现净利润 14.44亿元，同比下滑21.9%。 ...

Core Viewpoint - The Beijing Stock Exchange has imposed self-regulatory measures on Zhejiang Haokun Shengfa Asset Management Co., Ltd. due to serious abnormal trading behaviors that manipulated the stock price of Huawi Design (920427.BJ) [2][5]. Group 1: Abnormal Trading Activities - On January 21-22, 2026, the closing price of Huawi Design experienced a cumulative increase of 68.07%, triggering abnormal trading conditions, with Haokun Shengfa's accounts significantly buying shares to inflate the price [5]. - On January 23, 2026, Haokun Shengfa's accounts continued to engage in price manipulation, with a price increase of 6.42% during a specific time frame, where 436,700 shares were bought for 10.1374 million yuan, accounting for 67.90% of the total transactions [5]. - In another time frame on the same day, the price increased by 2.45%, with 137,900 shares bought for 310.50 thousand yuan, making up 87.95% of the transactions [5]. Group 2: Regulatory Actions and History - The Beijing Stock Exchange has restricted trading for Haokun Shengfa's accounts for three months and recorded this in the securities and futures market integrity archive due to repeated violations of trading regulations [7]. - Previously, Haokun Shengfa had faced multiple penalties, including a warning from the Zhejiang Securities Regulatory Bureau in November 2025 for unfair treatment of different fund properties and misleading promotional materials [7]. - The company has also been listed in the business anomaly directory by the Hangzhou Yuhang District Market Supervision Administration in 2018 and 2021 due to uncontactable registered addresses or business locations [8].

| 离任基金经理姓名 | 陈启明 | | --- | --- | | 离任原因 | 个人原因 | | 离任日期 | 2026年1月26日 | | 转任本公司其他工作岗位 | 无 | | 的说明 | | | 是否己按规定在中国基金 | 是 | | 业协会办理变更手续 | | | 是否己按规定在中国基金 | 否 | | 业协会办理注销手续 | | 除了离任上述基金以外，陈启明还于1月15日离任华富匠心明选一年持有期混合基金，目前陈启明名下在管基金仅剩华富匠心领航18个月持有期混合基金。 在卸任上述基金之前，陈启明卸任了华富基金副总经理。2025年12月25日，华富基金发布公告称，副总经理陈启明因"个人原因"离任，将"专注于投资管理 工作"。 公开资料显示，陈启明于2010年2月加入华富基金，曾任研究发展部行业研究员、副总监、总经理助理、副总经理、权益投资部总监，现任公募投资决策委 员会联席主席。 陈启明离任的上述基金中，任职回报最差的是华富匠心明选一年持有期混合基金。陈启明从2022年3月，也就是该基金刚成立就开始担任基金经理，该基金 A类份额的任职回报为-9.37%。 华富匠心明选一年持有期混合基金刚成立时的净 ...

公告显示，吴冰灿历任国家开发银行宁波市分行希腊工作组正处级管理职务、客户五处处长、规划发展处处长、客户二处处长，宁波北仑国开村镇银行行长 （副处级），现任宁波金融开发投资控股集团有限公司党委委员、副总经理。 宁波金融开发投资控股集团有限公司是东海航运保险股东宁波市金江投资有限公司的母公司。 2020年，东海航运保险原股东人保财险进行股权转让，宁波地方两国资背景企业成为接盘手。公告显示，接盘者为原始股东宁波开发投资集团、新晋股东宁 波市金江投资有限公司。 近期，东海航运保险股份有限公司（以下简称"东海航运保险"）发布公告称，董事会选举吴冰灿任第二届董事会董事长，2025年12月26日其任职资格获国家 金融监督管理总局宁波监管局核准。 ...

Group 1: Profit Forecasts - Dongcai Technology expects a net profit of approximately 300 million yuan for 2025, representing a year-on-year increase of about 65.73% [1] - Aerospace Electronics anticipates a net profit of 192 million to 247 million yuan for 2025, a decrease of 55% to 65% year-on-year [2] - Oulai New Materials forecasts a loss of 33 million to 48 million yuan for 2025, compared to a profit of 28.17 million yuan in the previous year [3] - Jiu Ding New Materials projects a net profit of 85 million to 98 million yuan for 2025, reflecting a year-on-year increase of 187.68% to 231.68% [5] - Chuan Yi Technology expects a net profit of 78 million to 103 million yuan for 2025, reversing a loss of 73.47 million yuan from the previous year [6] - Ju Yi Technology anticipates a net profit of 70 million to 105 million yuan for 2025, representing a year-on-year increase of 228.36% to 392.54% [7] - ST Xifa forecasts a net profit of 110 million to 160 million yuan for 2025, a year-on-year increase of 319.91% to 510.77% [19] - Light Media expects a net profit of approximately 1.5 billion to 1.9 billion yuan for 2025, reflecting a year-on-year increase of 413.67% to 550.65% [34] - Tianqi Lithium anticipates a profit of 369 million to 553 million yuan for 2025, compared to a loss of 7.905 billion yuan in the previous year [31] Group 2: Loss Forecasts - Star Ring Technology expects a loss of 220 million to 250 million yuan for 2025, with a projected revenue of 420 million to 450 million yuan, a year-on-year increase of 13.06% to 21.13% [9] - Filinger anticipates a loss of 65 million to 85 million yuan for 2025, compared to a loss of 37.31 million yuan in the previous year [10] - Jiahe Meikang forecasts a loss of 240 million to 280 million yuan for 2025, compared to a loss of 256 million yuan in the previous year [11] - Light Textile City expects a loss of 15 million to 22.5 million yuan for 2025 [23] - Ailon Technology anticipates a profit of 14.96 million to 22.44 million yuan for 2025, reversing a loss of 21.70 million yuan from the previous year [24] - ST Yun Chuang forecasts a loss of 139 million to 149 million yuan for 2025, with projected revenue of 53.5 million to 57.5 million yuan, a year-on-year increase of 6.15% to 14.09% [42] - Meike Home expects a loss of 1.2 billion to 1.8 billion yuan for 2025, compared to a loss of 864 million yuan in the previous year [36] Group 3: Shareholder Actions - Huafeng Chemical announced that shareholders plan to reduce their holdings by no more than 0.73% of the company's shares [8] - Naxinwei disclosed that shareholders plan to reduce their holdings by no more than 1.75% of the company's shares [12] - Shikong Technology announced that a shareholder plans to reduce their holdings by no more than 3% of the company's shares [13] - Yandong Micro disclosed that a shareholder plans to reduce their holdings by no more than 1% of the company's shares [37] - Daily Interaction announced that shareholders plan to reduce their holdings by no more than 0.135% of the company's shares [41]

Fund Market - The issuance of new funds has accelerated this year, with total scale exceeding 100 billion yuan, driven by equity and FOF products [1] - 110 new funds were established by January 29, with a total issuance scale of 110.54 billion yuan, including 85 equity funds totaling 76.81 billion yuan [1] - FOF products have also maintained high popularity, with issuance scale surpassing 80 billion yuan in 2025 [1] Technology Sector - Over 260 companies on the Sci-Tech Innovation Board have released performance forecasts for 2025, with 105 companies reporting positive growth [1] - The focus on technology growth sectors such as artificial intelligence and biomedicine is expected to attract long-term capital [1] Aerospace Industry - A series of significant announcements were made at the Commercial Aerospace Action Conference, outlining the future of China's commercial aerospace sector [2] - By 2030, low-orbit satellite constellations are expected to be established, with launch costs potentially dropping below 10,000 yuan per kilogram [2] Communication Technology - China has achieved a new milestone in ground-space laser communication, with speeds reaching 120 Gbps [2] Semiconductor Development - Research teams have made advancements in two-dimensional semiconductors, specifically in the production of molybdenum disulfide films [2] Corporate Financial Performance - Apple reported a revenue of 143.8 billion USD for the quarter ending December 27, a 16% year-on-year increase, driven by strong iPhone 17 demand and a 38% increase in sales in China [3] - Adidas preliminary data indicates a fourth-quarter revenue of 6.08 billion euros, slightly below expectations, but full-year operating profit is projected at 2.06 billion euros, above estimates [4] Market Reactions - Microsoft experienced a significant stock sell-off, with a market value decrease of 357 billion USD, the second-largest single-day drop in history, attributed to concerns over AI spending and slowing cloud business growth [5][13] - Other tech stocks, including Alphabet and Nvidia, also faced substantial market value losses [5][13]

Core Insights - The insurance industry is transitioning towards high-quality development, with Xinhua Insurance exemplifying this shift through its professional agents and commitment to service [2][3][4] - Xinhua Insurance achieved a total original insurance premium income of nearly 195.9 billion yuan in 2025, marking a 15% year-on-year increase, driven by significant growth in individual insurance channels [2][6] - The "XIN Generation" initiative launched in 2024 has evolved into a comprehensive training system for Whole Life-cycle Planners (WLP), reflecting a strategic shift from quantity to quality in agent recruitment and development [4][5] Industry Transformation - The Chinese insurance industry is undergoing a deep transformation, moving from rapid growth to high-quality development, necessitated by changing economic conditions and consumer demands [3][4] - The number of insurance agents in China has decreased from 9.12 million in 2019 to over 2.6 million by the end of 2024, indicating a significant decline in the "human sea tactics" approach [3] - The introduction of the new "National Ten Policies" has accelerated the consensus on marketing system reforms within the industry, prompting Xinhua Insurance to lead in transforming its sales force [3][4] Training and Development - The "XIN Generation" plan focuses on providing agents with multidimensional career growth opportunities, moving away from the previous model that emphasized sheer numbers [4] - By the end of 2024, Xinhua Insurance had conducted approximately 18,000 professional training sessions under the WLP system, with over 1.19 million participants and a total training duration exceeding 4.87 million hours [4] - The upgraded WLP 2.0 system aims to create a comprehensive planning service framework, integrating various aspects of life insurance, health, retirement, wealth, and education [4][5] Performance and Growth - Xinhua Insurance's dual strategy of enhancing product offerings and service ecosystems has led to improved agent performance and customer satisfaction [5][6] - The company has introduced new insurance products that align with market demands, resulting in reduced communication costs for agents and shorter client signing cycles [5] - In 2025, Xinhua Insurance added over 30,000 new agents, achieving a 140% year-on-year increase, with a 50% rise in per capita productivity [6][7] Financial Impact - The integration of health and wellness services has generated nearly 20 billion yuan in premium income, demonstrating the effectiveness of the dual empowerment model [7] - Xinhua Insurance's policy retention rate improved, with a decrease in the cancellation rate to 1.2%, and a significant 50.8% increase in new business value year-on-year [7] - The company aims to establish itself as a leading financial service group centered on insurance, focusing on sustainable growth across multiple dimensions [7]

Group 1: Global Gold Demand and Market Trends - In 2025, global gold demand is projected to reach 5002 tons, marking a historical high driven by geopolitical tensions and economic uncertainties, with total demand value reaching $555 billion in the previous year [1] - On January 29, international gold prices surged, with COMEX gold reaching $5626.8 per ounce and domestic gold jewelry prices exceeding 1700 yuan per gram, reflecting a significant daily increase [1] - The high gold prices have led to a booming gold recycling market, but also to consumer risks due to inflated quotes and other malpractices in the recycling process [1] Group 2: Banking and Financial Services - By December 2025, the wealth management scale of 11 national banks reached 13.46 trillion yuan, showing a 10% increase from the beginning of the year, despite a slight decline from November [2] - The growth in wealth management is attributed to a "deposit migration" trend, with Postal Savings Bank notably rising in ranking among the banks [2] Group 3: Technology and Manufacturing - The global AMOLED smartphone panel market is expected to see a shipment of approximately 920 million units in 2025, reflecting a 4.7% year-on-year growth, driven by demand for high-end smartphones [2] - The television industry is facing challenges due to rising costs in memory, panels, and precious metals, leading to a downward adjustment in expected global shipments for 2026 [2] Group 4: Corporate Developments - Tencent has had 499 million yuan worth of shares frozen due to legal proceedings involving Linzhi Tencent Technology Co., Ltd [6] - Suzhou Lianxun Instrument Co., Ltd has received approval from the China Securities Regulatory Commission for its IPO application on the Sci-Tech Innovation Board [7] - Runxin Micro Technology has completed nearly 400 million yuan in B+ round financing, aimed at enhancing its core technology capabilities [9] Group 5: Earnings Forecasts - Bai'ao Saitou expects a net profit of 162 million to 182 million yuan in 2025, representing a year-on-year increase of 384% to 444% [13] - Nanjing Mobi expects a net profit of 24 million to 34 million yuan in 2025, indicating a growth of 269.49% to 423.44% [14] - Jinko Power anticipates a net profit of 155 million to 195 million yuan in 2025, reflecting a growth of 383.21% to 507.9% [15]