Core Viewpoint - The article highlights the economic achievement of the Guicheng Street in Foshan, which has surpassed a GDP of 100.1 billion yuan, making it the first street in a prefecture-level city in Guangdong to reach this milestone, thus joining the ranks of China's billion-yuan towns and streets [1][4]. Economic Achievement - Guicheng Street's GDP reached 1001.33 billion yuan in early 2026, marking a significant economic milestone for the region [1]. - It is the fourth addition to Guangdong's billion-yuan towns, following Shishan, Beijiao, and Chang'an [1][4]. Unique Characteristics - Unlike other billion-yuan towns, Guicheng is a street within a prefecture-level city, indicating a higher level of urbanization [1][4]. - The service industry is the primary driver of Guicheng's economy, contributing nearly 70% to its economic output, with a sector distribution of 69.8% for tertiary, 30.0% for secondary, and 0.2% for primary industries [4]. Headquarters Economy - Guicheng has strategically developed a "headquarters economy," with over 500 headquarters of various enterprises established in the area, enhancing its economic and competitive capabilities [5]. - In 2023, Guicheng initiated the creation of a headquarters economy cluster, with numerous projects completed, further solidifying its economic foundation [5]. Comparison with Other Towns - Other billion-yuan towns like Shishan, Beijiao, and Chang'an have distinct characteristics and paths to success, often leveraging their industrial strengths and geographical advantages [6]. - Guicheng's location allows it to integrate resources effectively, benefiting from the synergy between Guangzhou and Foshan [6]. Future Development - The article emphasizes that GDP is just one measure of a town's development; factors such as industrial competitiveness, infrastructure, public services, and environmental quality are also crucial [8]. - Guicheng aims to enhance its residents' quality of life by focusing on education, healthcare, and recreational facilities, which are essential for sustainable urban development [10]. Potential Future Billion-Yuan Towns - The article identifies potential candidates for becoming the next billion-yuan towns, including Zhumiao, Daliang, and Nancheng, each with unique advantages and growth potential [13][14]. - The success of these towns will depend on their ability to innovate and adapt their traditional industries to meet new economic challenges [14].

Core Viewpoint - The gold market experienced significant volatility, with a historic price surge followed by a sharp decline, leading to a substantial reduction in the scale of domestic gold-themed ETFs, yet institutions reaffirm the long-term investment value of gold [1][3][7]. Group 1: Market Performance - On January 29, the international gold price reached a historic high of approximately $5598.75 per ounce, marking a year-to-date increase of 30% [3]. - Following this peak, the gold price plummeted over 15% on January 30, closing at $4880.034 per ounce, and continued to decline to $4659.29 per ounce by February 2, before rebounding in the following days [3][4]. - The overall decline in the London gold price over the week was approximately 8.29%, with domestic gold prices reflecting a similar trend, dropping about 8.26% [3][4]. Group 2: ETF Market Impact - The total scale of 20 domestic gold-themed ETFs decreased by approximately 427 billion yuan, bringing the total to 3489.54 billion yuan [1][3]. - Approximately 1.89% of the gold-themed ETF funds opted for redemption, resulting in a net outflow of about 66 billion yuan, primarily due to passive reductions from declining net values [1][4]. - Despite the significant drop in ETF scale, there was a notable attempt to "buy the dip," with 23.38 billion yuan in net subscriptions on the day of the gold price crash [4][5]. Group 3: Investor Behavior - Analysts suggest that the reduction in ETF scale was mainly due to passive shrinkage rather than panic selling, indicating a short-term emotional adjustment among investors [5]. - The funds that withdrew were primarily characterized as short-term speculative funds, stable short-term allocation funds, and passive following funds, each reacting to market conditions differently [5]. - The behavior of retail investors, often characterized by a lack of independent judgment, contributed to the volatility in fund flows, with rapid withdrawals during price declines and re-entries during rebounds [5]. Group 4: Long-term Investment Logic - Analysts believe the recent price fluctuations are a technical adjustment rather than a reversal of the long-term trend, with core support factors for gold remaining intact [7]. - Key supporting factors include the unchanged Fed rate cut cycle, ongoing central bank gold purchases, and gold's role as a hedge against geopolitical and currency risks [7][8]. - Institutions suggest maintaining a long-term perspective on gold investments, with recommendations to allocate around 20% of portfolios to gold assets for risk mitigation [9].

记者丨高江虹 免税零售专家平台创始人曹瑞杰认为，这项政策的发布， 标志着海南岛内居民消费进境商 品"零关税"政策正式落地实施。 该政策作为海南自贸港"一负三正"零关税清单体系中的最后 一张拼图，具有重要的里程碑意义。 编辑丨高梦阳 中国政府网2月5日发布消息，财政部、海关总署、税务总局联合印发《关于海南自由贸易港岛 内居民消费的进境商品"零关税"政策的通知》，自2月4日起实施。 该政策规定海南岛民每年 可购买1万元进口商品，包含202个税则号商品。 曹杰瑞表示，该202项清单作为海南自贸港封关运作后的首批岛内居民消费政策，预计后续会 根据实施情况动态调整， 预计每年调整幅度10—20%，逐步扩大至300—500项 ，期望未来纳 入小家电、智能家居、健身器材等升级型消费。 每人每年1万元限额 据介绍，政策规定，对海南自由贸易港岛内居民在指定经营场所购买的进境商品，在免税额度 和商品清单范围内免征进口关税、进口环节以及国内环节增值税和消费税。其中，岛内居民包 括持有海南省身份证、海南省居住证或海南省社保卡的中国公民，在海南省工作生活并持有居 留证件的境外人员。免税额度为每人每年1万元人民币，不限购买次数。免税商品 ...

Core Viewpoint - Tencent's internal conflict is highlighted by the abrupt termination of the Yuanbao red envelope activity by WeChat, showcasing the complexities of internal collaboration within large companies [1][2]. Group 1: Event Overview - The Yuanbao red envelope activity launched on February 1, aiming to distribute 1 billion yuan in cash, quickly gained popularity but was halted within 72 hours due to WeChat's intervention [1]. - WeChat issued a warning against the Yuanbao links, citing violations of its rules against "inducement sharing" to maintain user experience [1][2]. Group 2: Internal Dynamics - The internal discussion at Tencent indicated that the Yuanbao team believed the activity was a "no-threshold" initiative, not maliciously inducing users to share [2]. - The conflict arose between the growth-focused Yuanbao team and the platform-oriented WeChat team, emphasizing the need for a clean user experience on WeChat [2]. Group 3: Market Reaction - Following the ban on Yuanbao, Tencent's stock price fell, reflecting market concerns over the company's internal coordination and decision-making processes [3]. Group 4: Industry Implications - The incident illustrates a shift in internet competition from a "traffic desert" era to an "ecosystem cultivation" era, where platforms like WeChat require careful maintenance [3][4]. - The limitations on promotional tactics like red envelopes suggest that future growth for AI applications will depend more on their inherent capabilities rather than aggressive marketing strategies [4].

Core Viewpoint - The article highlights the differentiation in the deposit market as state-owned banks reduce high-interest long-term deposits while smaller banks, primarily rural commercial banks, actively adjust strategies to attract market share through new large-denomination certificates of deposit (CDs) and increased interest rates on fixed deposits [1][3]. Group 1: Large-Denomination Certificates of Deposit - Rural commercial banks have become the main force in issuing large-denomination CDs, with total issuance exceeding 30 billion yuan, and a clear trend towards shorter product durations [3][6]. - On February 5, 2026, multiple rural commercial banks released 45 announcements for large-denomination CDs, with Zhuhai Rural Commercial Bank alone issuing 10.5 billion yuan across seven products [6][7]. - The average interest rates for one-year and three-year large-denomination CDs are around 1.5% and 1.8%, respectively, which are higher than those offered by major state-owned banks [7]. Group 2: Interest Rate Adjustments - From January to February 2026, many rural commercial banks raised interest rates on fixed deposits by 10 to 20 basis points to meet the "opening red" deposit demand [9][12]. - For instance, Zhejiang Jiashan Rural Commercial Bank increased its one-year and two-year fixed deposit rates to 1.50% and 1.75%, respectively, while also implementing tiered rates based on deposit amounts [9][12]. - Some banks have set high minimum deposit thresholds and limited promotional periods, indicating a marketing strategy focused on short-term gains [12][13]. Group 3: Market Dynamics and Strategies - The banking sector is facing a narrowing net interest margin, prompting rural commercial banks to seek a balance between controlling liability costs and capturing market share through differentiated deposit products [1][13]. - The strong demand for deposits is driven by the need for banks to support asset expansion amid competitive pressures, particularly for smaller banks lacking brand dominance [13]. - Some banks are employing a strategy of offering competitive rates selectively to attract high-net-worth clients while managing overall liability costs [13].

Core Viewpoint - The article discusses the booming yet chaotic landscape of financial knowledge payment platforms, highlighting the rise of financial "KOLs" (Key Opinion Leaders) who monetize their expertise through membership fees, while also addressing the regulatory challenges and the prevalence of unqualified individuals in the space [4][28]. Group 1: Financial KOLs and Their Revenue Models - Financial "KOLs" can achieve significant annual revenues, with some generating over 20 million yuan from membership fees alone [4]. - Many KOLs attract followers by claiming professional backgrounds and sharing market insights on social media platforms before directing them to paid knowledge-sharing platforms [7][11]. Group 2: Regulatory Challenges and Market Integrity - The recent announcement by Knowledge Planet to initiate a crackdown on illegal financial content indicates a growing concern over the integrity of financial advice being offered [4][28]. - Despite regulatory efforts, some KOLs continue to engage in dubious practices, such as using simulated trading software to fabricate impressive investment results [12][25]. Group 3: Content Strategies and User Engagement - Successful KOLs maintain high content update frequencies and often employ straightforward communication styles to engage their audience [16]. - KOLs utilize various tactics to circumvent platform regulations, such as hiding stock recommendations in non-detectable formats or using coded language [17][20]. Group 4: Emotional Value and Community Building - KOLs not only provide investment knowledge but also emotional support to their followers, especially during market volatility, which enhances user retention [22]. - The community aspect of KOLs' platforms fosters a sense of belonging among followers, which can lead to increased loyalty and engagement [22]. Group 5: Ethical Concerns and Misleading Practices - Some KOLs have been implicated in promoting private equity products with misleading performance claims, raising ethical questions about their influence and accountability [25][27]. - The blurred lines between personal branding and product promotion create challenges for investors in discerning the credibility of financial advice [25][28].

北京时间2月5日19:30左右， 比特币自2024年11月6日以来首次跌破7万美元关口 ，近24小时 跌幅近7.8%，以太坊、SOL、XRP等主要币种均大幅下跌。Coinglass数据显示， 近24小时加 密货币市场 共20.5万人被爆仓。 | 而种 | 价格 | 价格(24h%) | | --- | --- | --- | | 日 BTC | $69909.1 | -7.75% | | 1 ) ETH | $2065.15 | -7.70% | | ul SOL | $88.82 | -7.61% | | XRP | $1.3461 | -15.14% | 比特币在去年10月初创下12.5万美元的历史新高后，便开始了跌跌不休之旅，目前比特币7万 美元的价格水平， 相较于最高点已经重挫了三分之一，近30天跌超25% 。而且，比特币连续 4个月收跌，已是自2018年以来最长的连续跌幅。 资金面上，仅2026年1月，比特币ETF就已出现大规模提现，净流出总额达16.1亿美元。 记者丨 赖镇桃 刘雪莹 编辑丨李莹亮 做市商Wincent董事Paul Howard坦言，他认为2026年比特币不会再创历史新高。 从长期 ...

沪深港通方面，2月15日（星期日）至2月23日（星期一）不提供港股通服务，2月24日（星期 二）起照常开通港股通服务。另外，2月14日（星期六）、2月28日（星期六）为周末休市。 A股春节休市安排出炉！ 来源丨沪深北交易所官网 编辑丨刘雪莹 蔚来首次实现单季盈利，美股盘前大涨10% 英皇娱乐酒店卖掉大堂金砖，豪赚9020万 上海二手房收购试点正式落地 SFC 21君荐读 2月15日（星期日）至2月23日（星期一）休市，2月24日（星期二）起照常开市。另外，2月 14日（星期六）、2月28日（星期六）为周末休市。 此外，为保证节后交易正常进行，北交所定于2026年2月23日（星期一）9:15至12:00进行交易 系统联调测试。 2月5日，沪深北交易所均公布了2026年春节休市安排： ...

记者丨毕凤至 刘雪莹 编辑丨黎雨桐 北京时间2月5日18:22，蔚来汽车美股盘前涨幅扩大至10%以上。今日蔚来港股涨2.7%。 | ( 日 | 意求 | | | --- | --- | --- | | | NIO.N | | | ム ムイノ () 量 3837万 股本24.41亿 市盈™ -3.37 | | 万得 | | -0.110 -2.42% 换 1.67% 市值 108亿 市净 20.98 | | 20 | | 盘前 4.89 0.45 10.14% | 05:21 美东 V | | | 港股 36.560 0.960 2.70% | 溢价(H/US) 5.42% | | | 分时 五日 日K 周K 月K 更多 ◎ | | | | 叠加 | 均价: 4.436 卖1 4.890 | 370 | | 4.720 | 3.74% 买1 4.880 3859 | | | | 15:59 4.439 1347 | | | | 15:59 4.440 906 | | | 4.550 | 15:59 4.440 0.00% | 669 | | | 15:59 4.435 | 323 | | | 15:59 4.4 ...

记者丨 董鹏 编辑丨巫燕玲 A股的奥克股份、港股英皇娱乐酒店，近期便分别将其库存原料白银、用于装饰的金砖对外出 售， 后者更因此有望获得9020万港元的投资收益。 另一边的权益市场，更为精彩。不仅有兴业银锡董秘敢于在第三个跌停板逆市增持200万的案 例，更有融资资金趁着金价回落的机会，两天狂买18亿元湖南黄金…… 贪婪与恐惧的激烈交锋，上市公司、个人投资者不同的多空抉择，共同构成了近期贵金属市场 剧烈波动下的资本图景。 贵金属市场仍未企稳。2月5日早盘，伦敦银再次出现14%的下跌，这距一周前的高点已经回撤 近40%，并且可能会再次创出阶段性新低。截至发稿，现货白银仍跌12%，黄金则跌至4860美 元/盎司左右。 | 名称 | 现价 | 涨跌 | 涨跌幅 | 年初至今 | | --- | --- | --- | --- | --- | | 伦敦金现 | 4859.850 | -108.456 | -2.18% | 12.54% | | 伦敦银现 | 78.024 | -10.665 | -12.02% | 9.01% | 金、银价格剧烈波动，有的企业选择高位出手，落袋为安，也有人敢于跌停抄底，甚至是加杠 杆入局 ...