1. 江淮汽车：披露定增发行情况，向姚志超、葛卫东等 8 名投资者发行 7016.84 万股，发行价 49.88 元 / 股，募资 35 亿元。葛卫东与方文艳各耗资 10 亿元认购 2004.81 万股，并列成为公司第 8 大股东。募 集资金将用于高端智能电动平台开发项目。 2. 中芯国际： 2025 年净利润同比增长 36.29% ，第四季度净利润 12.23 亿元，同比增长 23.2% 。公司在 AI 芯片领域持续发力，被市场视为国产 AI 芯片的重要力量。 3. Alphabet ：与苹果共同向英国监管承诺修改应用商店规则，以缓解反垄断担忧； Alphabet 首次发行 百年期债券，获得超过 7 倍超额认购，创下互联网泡沫时代以来科技公司发行超长期债券的首例。此次 发行的 7.5 亿英镑百年期债券共收到 57.5 亿英镑认购订单。 Alphabet 在欧洲的债券发售累计筹集了 110 亿美元，使其全球债务发售总额突破 300 亿美元。 // 热点头条 // 4. 周大福：拟年后调价，门店回应称一口价产品或涨 15%-30% ，公司根据市场情况调整产品价格策 略。 5. 台积电： 1 月销售额 4012. ...

// 债市综述 // 1. 公开市场操作 央行公告称， 2 月 10 日以固定利率、数量招标方式开展了 3114 亿元 7 天期逆回购操作，操作利率 1.40% ，投标量 3114 亿元，中标量 3114 亿元。 Wind 数据显示，当日 1055 亿元逆回购到期，据此 计算，单日净投放 2059 亿元。 银行间市场资金面整体偏紧， DR001 加权平均利率上行超 9bp 至 1.36% 上方。匿名点击（ X-repo ）系 统上，隔夜报价在 1.35% 供给一般。非银机构以信用债为抵押融入隔夜以及跨节资金，报价分别升至 1.6% 及 1.65% 上方。 海外方面，最新美国隔夜融资担保利率为 3.64% 。 （IMM） （*数据来源：Wind-国际货币资金情绪指数、资金综合屏） 3. 同业存单 全国和主要股份制银行一年期同业存单最新成交在 1.59% 附近，较上日小幅上行。 （*数据来源：Wind-同业存单-发行结果） 4. 银行间主要利率债收益率 （*数据来源：Wind-央行动态PBOC） 2. 资金面 | （*数据来源：Wind-成交统计BMW） | | --- | 5. 近期城投债（AAA）各期限利差走 ...

Group 1 - The People's Bank of China emphasizes the continuation of a moderately loose monetary policy, utilizing various tools like interest rate cuts and reserve requirement ratio reductions to maintain liquidity and financing conditions [3][5][22] - Global hedge fund Bridgewater's founder Ray Dalio warns that the U.S. is on the brink of a major cycle of decline, suggesting that gold should constitute 5%-15% of investment portfolios as a safe asset [3][5] - The article from Qiushi Network highlights the importance of cultivating future industries to seize technological and industrial advantages, which is essential for promoting high-quality development [4] Group 2 - The Shanghai Metropolitan Area's land space planning draft aims to establish a world-influential modern metropolitan area by 2035, focusing on high-quality integrated development [4] - Multiple departments have initiated health system projects, including the addition of 150,000 inclusive childcare spots and free HPV vaccinations for girls aged 13 by 2026 [4] - The latest report indicates that China's social logistics total is projected to reach 368.2 trillion yuan by 2025, with significant growth in industrial robots and new energy vehicle logistics [10] Group 3 - A-share market showed slight fluctuations with the Shanghai Composite Index rising 0.13% to 4128.37 points, marking a six-day increase [6] - Hong Kong's Hang Seng Index increased by 0.58%, driven by gains in AI application stocks and innovative drug concepts [6] - Foreign investment institutions like BlackRock and Fidelity express optimism about Chinese assets, predicting a shift towards diversified global asset allocation over the next 3 to 5 years [6] Group 4 - Jianghuai Automobile completed a nearly 3.5 billion yuan private placement, with notable investors like Ge Weidong participating [7] - Companies such as SMIC and Huichuan Technology project significant profit growth for 2025, with SMIC expecting a 36.29% increase in net profit [9] - The implementation of low-altitude communication infrastructure is being promoted by five departments, aiming for 90% coverage by 2027 [9] Group 5 - The European Parliament supports the introduction of a digital euro in both online and offline formats, aligning with the European Central Bank's stance [12] - Alphabet, Google's parent company, successfully issued a century bond with over seven times the demand, marking a significant milestone for tech companies [13] - The EIA forecasts Brent crude oil prices to be $57.69 per barrel in 2026, an increase from previous estimates [24]

Group 1 - Tesla's Elon Musk announced that SpaceX is shifting focus to building a "self-sustaining city" on the Moon, with plans to initiate a Mars colonization project within the next 5-7 years [2] - Alphabet raised $20 billion through a bond issuance, exceeding the initial target of $15 billion, with over $100 billion in subscription orders [2] - TSMC plans to increase its investment in the Kumamoto plant in Japan to $17 billion for mass production of 3nm technology, marking a significant step in the semiconductor supply chain and geopolitical landscape [2] Group 2 - OpenAI's CEO Sam Altman reported strong growth, with ChatGPT's monthly growth rate surpassing 10%, and the launch of the new Codex model GPT-5.3-Codex [2][3] - Alibaba revealed its new model Qwen3.5, which features a novel mixed attention mechanism and is likely to be a vision-language model [3] Group 3 - Pop Mart aims to sell over 400 million products globally by 2025, with the THE MONSTERS product line expected to exceed 100 million units [5] - Zhongke Shuguang plans to raise up to 800 million RMB through convertible bonds for AI-related projects, including advanced computing systems and next-generation AI training machines [5] - 16 companies, including Meituan and JD, are receiving guidance from government departments to improve labor management and protect workers' rights [6] Group 4 - Nvidia's CEO Jensen Huang stated that AI infrastructure capital expenditures could exceed $600 billion by 2026 due to strong demand for computing power [8] - Apple's CEO Tim Cook emphasized that AI will be a core pillar for the future, acknowledging user feedback issues with Apple Intelligence [8] - Amazon's Q4 results showed increased capital expenditures impacting short-term profits, but AWS continues to grow strongly [9]

// 债市综述 // 1. 公开市场操作 央行公告称， 2 月 9 日以固定利率、数量招标方式开展了 1130 亿元 7 天期逆回购操作，操作利率 1.40% ，投标量 1130 亿元，中标量 1130 亿元。 Wind 数据显示，当日 750 亿元逆回购到期，据此计 算，单日净投放 380 亿元。 （*数据来源：Wind-利差分析） （*数据来源：Wind-央行动态PBOC） 2. 资金面 银行间市场资金面整体平稳， DR001 加权平均利率小降并徘徊于 1.27% 低位， DR007 、 DR014 则因 长假因素有所上行。匿名点击（ X-repo ）系统上，隔夜报价在 1.25% 供给持续充裕。非银机构以信用 债为抵押融入隔夜，报价仍处 1.5% 下方；跨春节需求有所升温，利率仍相对平稳，在 1.6% 附近或稍 低位置。 海外方面，最新美国隔夜融资担保利率为 3.65% 。 全国和主要股份制银行一年期同业存单最新成交在 1.58% 附近，较上日小幅下行。 （IMM） （*数据来源：Wind-国际货币资金情绪指数、资金综合屏） 3. 同业存单 （*数据来源：Wind-同业存单-发行结果） 4. 银行间主要 ...

以下文章来源于RimeData 来觅数据 ，作者RimeData来觅数据 RimeData 来觅数据 . 全面的一级市场数据平台 2025年， 中国创投市场画出了一条坚定的上扬曲线 。备案基金同比增长9.2%，带动规模增长18.2%；全年 投融资事件达6,753起，总披露金额5,834亿元，同比分别劲增23.6%与30.3%。 这一年，3,400余家机构用真金白银投票，"耐心资本"不再仅仅是写在LPA里的条款，而是推动中国硬科技 迭代与落地的真实燃料。 在此背景下， Rime来觅 联合 Wind万得 正式发布 《2025年度投资机构榜单》 。本榜单依托海量创投数据 及问卷调研，从募资、投资、退出等多维度综合评选，呈现行业生态的"全景图谱"。 这不仅是一份成绩单，更记录了谁在寒冬中坚守，谁在回暖时领跑，谁又将塑造下一个五年的创新格局。 （注：入榜机构排名不分先后） 最受出资人认可GP榜 : TOP30 體 北京国管 A 高信资本 飘 广州产投 广州金控集团 国联集团 荷塘创投 IP 厚纪资本 中 金雨茂物 <> 九智资本 基石资本 S GNE le 交银资本 0 金鼎资本 凯联资本 浦东资本 普丰资本 善达投资 ...

三是提升再融资灵活性、便利度。 上市公司披露再融资预案时，应简要披露前次募集资金使用情况以及下一步使用计划，申报时前次募集资金使用进度 原则上应当达到基本使用完毕的标准。明确已在定期报告等信息披露文件中披露且事实未发生变化的内容，再融资申报材料可以直接引用。优化再融资简 易程序负面清单。 四是加强再融资全过程监管。 压严压实上市公司信息披露第一责任人和中介机构"看门人"职责，建立交易所再融资预案披露工作机制，严防上市公司"带 病"申报再融资。督促引导上市公司在披露再融资预案后，及时决策，及时申报。完善再融资预案公告要求，对于以取得上市公司控制权为目的的锁价定 增，上市公司及发行对象应当公开承诺在批文有效期内完成发行。加强募集资金监管，严肃惩处违规变更募集资金用途、擅自延长临时补充流动资金期限 等情形。加大事中事后监管力度，从严处理再融资违法违规行为。 2月9日，沪深北三大交易所集体宣布优化再融资一揽子措施。具体措施如下： // 上交所 // 一是进一步支持优质上市公司创新发展。 对经营治理、信息披露规范，具有代表性与市场认可度的优质上市公司，优化再融资审核，进一步提高再融资 效率。过程中，将坚持优中选优、宁缺 ...

Group 1 - Tesla's future focus is on AI, autonomous driving, and robotics, with plans for a Robotaxi within five years and expansion of solar battery manufacturing in the U.S. [2] - Stellantis acknowledges a strategic miscalculation with a €22 billion write-down, adjusting its operations by exiting battery joint ventures and halting electric pickup production, expecting a net loss of €21 billion by late 2025 [2] - Bithumb, a major South Korean cryptocurrency exchange, experienced a significant error during a reward event, mistakenly distributing 620,000 bitcoins, leading to a temporary price drop of nearly 18% [3] Group 2 - Yongtai Technology announces that CATL will become a shareholder, aiming to enhance collaboration in lithium battery materials [5] - Meitu expects a 60%-66% increase in net profit by 2025, driven by AI advancements in image processing and expansion of paid services [6] - Baidu faces a lawsuit for generating false criminal information via AI, raising discussions on AI content generation liability [6] - Xiaoma Zhixing partners with Moore Threads to apply domestic AI computing power in autonomous driving, enhancing technology development capabilities [6] - Sunwoda's major shareholder signs a restructuring agreement with Anhui Guowei Group, which plans to invest nearly ¥7.2 billion, potentially enhancing resource integration [6] Group 3 - SpaceX merges with xAI to create a company valued at $1.25 trillion, leveraging SpaceX's financial stability to support AI initiatives [8] - Apple plans to launch several new products in March, including the iPhone 17e and iPad 12, with a focus on AI strategy and Siri upgrades [8] - Netflix is pursuing an $83 billion acquisition of Warner Bros. Discovery, facing antitrust scrutiny amid competitive offers from Paramount [8] - Intel and AMD inform Chinese clients about CPU supply shortages, with delivery times extending up to six months and price increases of over 10% for certain products [9] Group 4 - Samsung Electronics aims to mass-produce sixth-generation high-bandwidth memory (HBM4) by mid-February, becoming the first to do so globally [11] - Crypto.com founder purchases the domain "AI.com" for $70 million, marking a record in domain transaction prices [11] - Japan's Sojitz Corporation introduces a new fungicide with a 97% import registration in India, showcasing innovative mechanisms and broad-spectrum efficacy [11] - Fujifilm will cease sales of certain printing machines in Europe due to profitability challenges, while retaining other product lines [11] - Genesis announces a strategic shift to enhance its high-end brand attributes through a new platform and design approach [11]

1 、 春节长假将至，多家券商研究所发布关于春节行情的研判观点。 "持股过节"是机构主流建议，其理由既来自对历史"春节效应"的复 盘，也基于对当前经济预期、流动性环境及风险偏好的综合评估。多家券商认为，节前要注重均衡与防御，节后聚焦成长与产业趋势。 2 、 本周全球市场大事不断！国内方面，中国 1 月 CPI 、 PPI 将于 2 月 11 日公布；新增贷款、社融等信贷数据有望出炉； 2025 年 第四季度恒生指数系列检讨结果将于 2 月 13 日公布；科技巨头春节红包大战持续。 国际方面，延迟公布的美国 1 月非农就业和通胀数 据重磅来袭；美国与伊朗拟进行新一轮谈判；戛纳世界人工智能峰会将于 2 月 12 日举办。财报方面，麦当劳、可口可乐、中芯国际、 网易等将披露最新财报。 3 、 特斯拉首席执行官埃隆·马斯克表示，未来 3 年内，太空将成为部署 AI 最具经济性的地点。 马斯克认为，未来"仿真数字人类"将远 超人类数量。在此背景下，控制 AI 不是重点，当务之急是确保其价值观与人类文明延续目标一致。今年年内或实现 AI 对人类能力的全 面数字化模拟，这将彻底改变许多行业。马斯克还就美国债务问题发出严厉警 ...

// 市场要闻 // 1、美国非农与CPI罕见"背靠背"发布，3月降息预期迎终极考验 受联邦政府停摆影响，原定上周发布的1月非农就业数据推迟至北京时间2月11日（周三）晚间发布，而1月CPI数据将于2月13日（周五）公布。这意味着 在本周内，市场将密集消化就业与通胀两大核心指标。若非农数据因统计滞后出现"噪音"，叠加CPI核心通胀粘性未减，美联储3月降息路径可能面临重 估，全球资产定价或在节前最后一周经历剧烈震荡。 2、中国1月通胀数据定于周三公布 国家统计局将于2月11日（周三）发布1月CPI与PPI数据。由于2026年春节在2月中旬，1月份处于完整的节前备货期，市场预期CPI同比涨幅将受食品及服 务价格拉动回升至1.2%左右。若PPI降幅持续收窄，将进一步确认工业企业盈利修复的拐点，为节后A股行情的展开提供基本面支撑。 3、1月信贷"开门红"成色几何？ 2月9日-15日期间，央行将发布1月金融数据。机构普遍预计，在"早投放、早受益"的政策导向下，1月新增人民币贷款有望保持高位，企业中长期贷款占 比将是核心看点。强劲的社融数据往往是春季行情的有力催化剂，若数据超预期，将显著提振节后市场信心。 4、欧元区经济 ...