白银月内暴涨超40%，香港掀起买银热潮。 凌晨1点、3点、4点——这些本应属于深度睡眠的时刻，如今却成了香港上环某金行门前排队购买白银的"黄金时段"。21世纪经济报道记者在 现场观察到，不少市民自备凳子甚至被褥，在寒冷的冬夜中耐心守候数小时，只为在金行开门后能购得几条白银。 有人甚至排队超过六小时才 得以进店，此番情景，堪比曾经春运抢票或抢购限量版球鞋的盛况。 这股抢购潮的背后，是近期国际贵金属价格的持续飙升。进入2026年，黄金与白银价格双双创下历史新高。周五（1月23日）纽约交易时段， 现货黄金一度涨至4990美元，创历史新高，本周金价累涨超8%；现货白银单日大涨超7%，最高报约103美元/盎司，再创历史新高纪录，本月 迄今已暴涨超40%。以期货即月合约收盘价计，金银齐创2020年来最大单周涨幅。数据显示，2025年全年，黄金价格的累计涨幅超过60%，而 白银价格的涨幅更是接近150%，其迅猛的势头远超黄金，使得银条成为不少香港市民眼中的热门投资选项 。 "大约一个半月前，我们还有三千条白银无人问津，但突然之间，购买者蜂拥而至，导致我们生产的白银供不应求。" 该金行的负责人对21世纪 经济报道记者表示。面 ...

Core Viewpoint - Guangdong Tosida Technology Co., Ltd. is officially pursuing a dual listing on both A-share and H-share markets to enhance its global development strategy and broaden financing channels [1][3]. Company Overview - Founded in 2007, Tosida initially focused on injection molding peripheral equipment and has transformed into a full-chain service provider in the domestic robotics sector, offering solutions from single machines to entire factories [5][6]. - The company became the first listed robotics company in Guangdong, first on the New Third Board in 2014 and then on the Shenzhen Stock Exchange in 2017 [3]. Market Position - Tosida is recognized as a leader in the full-stack industrial robotics sector in mainland China, ranking first in the market for light-load industrial robots and solutions according to a Frost & Sullivan report [3]. - The company aims to leverage its H-share listing to enhance brand influence and core competitiveness while expanding its international market presence [7]. Financial Performance - Tosida's revenue for 2023, 2024, and the first three quarters of 2025 was reported at RMB 45.53 billion, RMB 28.72 billion, and RMB 16.88 billion, respectively [10]. - The net profit showed significant volatility, with figures of RMB 1.06 billion, -RMB 2.39 billion, and RMB 0.47 billion for the same periods [10]. Strategic Transformation - The company is undergoing a strategic shift to prioritize industrial robots and their application systems, moving away from lower-margin businesses like smart energy and environmental management systems [12][14]. - The revenue from the smart energy and environmental management systems, which once contributed RMB 26.86 billion (59% of total revenue) in 2023, has seen a decline of over 50% in 2024 [12]. International Expansion - Tosida's overseas sales revenue as a percentage of total revenue has been increasing, with figures of 11.0%, 20.9%, and 25.0% for 2023, 2024, and the first nine months of 2025, respectively [7][8]. - The company has established a presence in over 50 countries and regions, with offices in Vietnam and Mexico, and service centers in Thailand and Indonesia [8]. Challenges and Risks - The company faces challenges in market competition, with a market share of only 0.9% in the domestic industrial robotics solutions market as of 2024 [14]. - Supply chain risks are significant, as the cost of raw materials and components accounted for approximately 94.0%, 92.7%, and 92.2% of total sales costs in 2023, 2024, and the first three quarters of 2025, respectively [14]. Governance Issues - Tosida has faced regulatory scrutiny due to multiple governance issues, including revenue recognition discrepancies and improper cost accounting practices [15][16]. - The company received warning letters from regulators for these violations, which have raised concerns among investors [15].

中国足协在贺信中表示，这份荣誉，是全体运动员、教练员和工作人员日复一日刻苦训练、辛 勤工作的回报，也是中国足球在新征程上砥砺前行取得的一次关键性突破。U23国足以全队的 拼搏奋进，忠诚践行着为国争光的光荣使命，展现了坚韧不拔的必胜信念，彰显了团结协作、 并肩作战的过硬作风。球队用让人惊叹的表现，赢得了比赛，赢得了尊重，赢得了喝彩。各级 国字号队伍要以U23国足为榜样，学习他们的团队精神、战斗意志和严格执行战术纪律的职业 素养，将这份荣誉转化为推动中国足球振兴发展的共同行动和强大动力。 来源丨新华社 编辑丨张嘉钰 SFC 25日凌晨，国家体育总局、中国足球协会分别向在U23男足亚洲杯决赛中获得亚军的中国队致 贺信，鼓励队伍戒骄戒躁、再接再厉，以本次赛事为新的起点和动力，为中国足球振兴发展再 立新功。 国家体育总局在贺信中表示，U23国足勇夺亚军，创造了我国在该项赛事中的历史最佳成绩， 也是中国男足国字号球队时隔22年再次晋级洲际赛事决赛，经验可贵，作风可赞，为中国足球 振兴燃起新的希望。 国家体育总局表示，在本届赛事中，U23国足团结一心、敢于拼搏、全力争胜，取得历史性突 破，实现竞技成绩和精神文明双丰收。从小 ...

Core Viewpoint - The article highlights the revolutionary advancement in waste plastic recycling technology by Guangdong Dongyue Chemical, which has developed a continuous and large-scale chemical recycling facility that transforms low-value mixed waste plastics directly into new plastics without complex sorting processes, marking a significant shift from reliance on crude oil to a circular economy model [2][3][12]. Group 1: Technological Innovation - Guangdong Dongyue Chemical's project can process 200,000 tons of mixed waste plastics annually using a "one-step" method, which is a departure from the conventional "two-step" process of pyrolysis and refining [2]. - The technology aims to convert scattered waste plastics into new plastic products, achieving a closed-loop cycle of plastic usage [3]. Group 2: Economic Impact - The project is part of a larger initiative in Jieyang, which includes a 3,000-acre green recycling base and a second phase project worth 22.6 billion yuan, targeting an annual production capacity of 3 million tons [6]. - The initiative is expected to produce over 2 million tons of green olefins annually, providing sustainable energy for the home appliance and automotive industries in the Greater Bay Area [6]. Group 3: Industry Landscape - The article notes the rapid development of the waste plastic recycling industry in Guangdong, which has transformed "white pollution" into a valuable industrial resource within three years [8]. - The region is also witnessing significant investments from foreign companies like ExxonMobil and BASF, enhancing its position in the global petrochemical landscape [10][12].

总台记者当地时间24日获悉，有消息人士称，当天乌克兰、美国和俄罗斯代表团在阿布扎比举 行的三方会谈中，在军事问题上取得一定进展，但在领土问题上仍未达成任何决定。 △俄美乌首日对话 消息人士称，此次会谈总体以建设性方式结束。会谈分为两个阶段：首日（23日）会谈主要为 先导性讨论，次日（24日）在扩大代表团框架下，各方决定将谈判分为政治和军事两个小组分 别进行。 在政治小组层面，双方立场分歧依旧明显。乌克兰方面坚持，领土问题应至少以当前接触线为 基础展开讨论；俄罗斯方面则继续主张乌克兰应从顿涅茨克地区未被占领的区域撤出部队。 消息人士称，相比之下，军事小组讨论取得一定进展。各方就是否需要部队脱离接触、停火和 停止冲突行动的监督机制、设立停火监督与协调中心等问题进行了讨论，并同意在下一轮会谈 前准备相关术语定义文件。据悉，俄罗斯代表团最初反对北约、欧安组织以及支持乌克兰的欧 洲国家参与监督机制，但在讨论后接受由俄乌美三方参与的方案。 消息人士还表示，本轮会谈未涉及能源停火议题。各方同意以相同分组形式，大约在一周后继 续谈判。 截至目前，除有关未来谈判安排的信息外，其余涉及到各方立场的具体内容均未得到相关方证 实。 ...

Core Viewpoint - Huaxing Capital, known for major mergers and acquisitions, has entered the distressed asset disposal market by acquiring a personal consumer loan bad debt package worth 7.429 billion yuan for only 308 million yuan, marking a significant shift in its business strategy [1][3][9]. Group 1: Acquisition Details - The two bad debt packages acquired from Qifu Technology have a total principal amount of 74.29 billion yuan, with an average discount rate of approximately 4.15% [3][6]. - The first package has an unpaid principal of 6.677 billion yuan with an average overdue period of 854 days, while the second package has an unpaid principal of 752 million yuan and an average overdue period of 439 days, with a higher proportion of debts overdue for one to two years [5][6]. Group 2: Market Context - The personal consumer loan bad debt market has seen a significant decline in prices, with the average discount rate for such assets dropping to 3.8% in Q1 2025, indicating a challenging environment for asset recovery [6][7]. - The market for distressed assets is becoming increasingly competitive, with major players like JD.com and Alibaba already establishing platforms for asset disposal, indicating a shift in the landscape [12][13]. Group 3: Strategic Shift - Huaxing Capital's move into the distressed asset sector is part of a broader transformation strategy aimed at addressing declining revenues from traditional investment banking activities, which fell from 1.58 billion yuan in 2022 to 780 million yuan in 2024 [8][9]. - The company aims to leverage this new venture not only for financial returns but also to build capabilities in asset management, positioning itself for future growth in a recovering market [9][10]. Group 4: Challenges Ahead - Transitioning from a service-based model to holding assets involves significant risks, including the need for substantial capital and the long recovery periods typical of distressed asset management, which can take 4-6 years to break even [10][12]. - The success of Huaxing Capital in this new domain will depend on its ability to quickly develop the necessary expertise and operational frameworks to effectively manage and recover these assets [13].

Core Viewpoint - The article discusses the recent developments in the financial market, highlighting the impact of regulatory changes and economic indicators on investment strategies [2][3]. Group 1: Regulatory Changes - Recent regulatory changes have introduced new compliance requirements for financial institutions, affecting their operational strategies and cost structures [2]. - The implementation of stricter regulations is expected to lead to increased transparency in financial reporting, which may enhance investor confidence [3]. Group 2: Economic Indicators - Key economic indicators, such as GDP growth and unemployment rates, are showing signs of recovery, which could positively influence market sentiment and investment flows [2]. - The article notes a significant increase in consumer spending, which rose by 5% year-over-year, indicating a robust economic environment [3]. Group 3: Market Trends - The stock market has experienced volatility, with major indices fluctuating due to geopolitical tensions and inflation concerns [2]. - Investment in technology and renewable energy sectors is on the rise, driven by government incentives and a shift towards sustainable practices [3].

Core Viewpoint - The integration of Haodaifu Online into Ant Group has begun to show positive results, enhancing the synergy between the two platforms and improving the service experience for doctors and patients [1][3][11]. Group 1: Synergy and Integration - Haodaifu Online has seen its registered doctor count grow to 300,000 after joining Ant Group, with seamless integration into Alipay and Ant's AI health app, Aifu [1][3]. - The collaboration has expanded the reach of doctors, allowing them to serve patients nationwide rather than being limited to local areas [3][4]. - Aifu app has over 30 million monthly active users and handles 10 million health consultations daily, significantly increasing the service coverage for doctors [3]. Group 2: AI and Technology Adoption - The introduction of AI assistants aims to enhance doctors' efficiency by automating repetitive tasks and allowing them to focus on complex cases [7][11]. - Haodaifu Online plans to upgrade its doctor workstation with features like AI assistants for pre-consultation data collection and real-time diagnostic suggestions [7][8]. - The DeepSearch function will be available for free to assist doctors in literature research and clinical studies, promoting a more research-oriented approach [10][11]. Group 3: Recognition and Awards - The 2025 Haodaifu List recognized 737 doctors based on various performance metrics, marking the 13th consecutive year of this evaluation [9][12]. - The list includes categories such as "Annual Good Doctor," "Youth Good Doctor," and a new "Popular Science Good Doctor" award, reflecting the evolving role of doctors in health education [9][11]. Group 4: Future Directions - Haodaifu Online aims to explore innovative service models and continue enhancing the professional value of doctors through AI and technology [11]. - The industry is shifting from "traffic monetization" to "value monetization," with AI creating new pathways for doctors to realize their professional capabilities [11].

"如今，日股和日债的回暖表现，源于恐慌情绪的阶段性出清和政策预期的重新锚定。"中国 国际问题研究院亚太研究所特聘研究员项昊宇向21世纪经济报道记者表示，日本央行选择利 率决议按兵不动，缓解了市场对激进加息的担忧，为债市提供了喘息的空间，而且日本央行 释放出的再通胀信号被投资者解读为利好内需，带动日经指数回升。 正如市场预料，日本央行选择按兵不动。 1月23日， 日本央行以8比1的投票结果宣布维持基准利率在0.75%不变 。同时，日本央行还 更新了季度经济增长预期和通胀预期。日本央行在季度展望报告中上调了2025财年和2026财 年的经济增长预期，认为经济将温和复苏，还将2026财年的核心消费者通胀预期从三个月前 的1.8%上调至1.9%，并表示经济和物价前景面临的风险大致平衡。 利率决议后，日本股债汇市场明显波动，其中股市回暖，长期国债收益率回落，但日元兑美 元跌幅扩大并站在159高位。日本央行也强调，将对日元汇率走势并有可能影响通胀的情况加 以关注。 值得留意的是，日本央行是去年唯一加息的主要央行，且加息两次，却未能扭转日元颓势。 自去年10月初至今，日元兑美元汇率已下跌超8%，在主要货币中跌幅最大。 有分 ...

抖音黑板报1月24日发布公告： 近期，网上出现"演员孙涛直播力挺闫学晶"、"孙涛在直播间卖杂粮"、"孙涛发布致歉 信"、"孙涛参与2026年春晚彩排"等不实信息。 经抖音求真团队核查账号情况， 无证据显示孙涛曾于过往直播和视频中提及闫学晶事件。 同 时，根据当事人辟谣及媒体报道信息，"直播间卖杂粮"、"发布致歉信"、"参与2026年春晚彩 排"亦为不实信息。谣言源于营销号的恶意炒作，已被当事人及权威媒体多方证伪，相关信息 请以官方声明和权威报道为准。 孙涛于1月23日发布视频澄清有关情况。抖音运营团队持续严格处置，针对前述谣言推出求真 卡，展示在相关热点话题和搜索结果中，并在"抖音求真"官方账号发布辟谣视频。相关谣言均 已加入数据库，站内存量视频已进行回查， 下架视频超过8000条，谣言首发账号已被封禁。 平台对评论区、搜索词条等场景同步处置，清理6万余条评论。 针对孙涛遭受的网络暴力，平台自1月7日起依据相关规定对其账号启动保护机制，累计处置逾 17万条负向评论、弹幕，7个违规账号被禁止评论7到30天不等，平台将继续关注其账号状况。 抖音致力于营造健康、友善的社区环境。我们将持续关注事件的后续进展，持续处置 ...