1 、 国家税务总局发布公告，进一步调整优化自然人增值税起征点标准判定细则。 自今年起，按次纳税起征点标准由每次（日）销售额 500 元提升到 1000 元，自然人发生出租不动产、通过"反向开票"销售报废产品等 6 种特定情形的，不再适用按次纳税 1000 元的起征 点标准，而是参照按期纳税直接适用月销售额 10 万元的起征点标准。 2 、 本周全球市场大事不断！国内方面，沪市首份 2025 年年报将披露；光伏、脑机接口等多个产业会议召开；中国 1 月外汇及黄金储 备数据将于 2 月 7 日公布。 国际方面，欧美多国 1 月 PMI 数据、美国非农就业报告将陆续出炉；欧洲央行、英国央行将公布利率决 议；日本众议院选举定于 2 月 8 日举行；谷歌、亚马逊等科技巨头将发布最新财报。此外，芝商所将调升黄金和白银期货交易保证金， 上期所同步跟进；" AI 大战"进入白热化，巨头动向备受关注。 3 、 美国总统特朗普表示，美国与委内瑞拉两国领导层的关系非常好，双方将"分享"石油收益。 在谈及古巴时，特朗普称古方可能会 来寻求同美国谈判，双方会就此达成协议。特朗普指出，关于格陵兰岛的谈判已经启动，谈判基本达成一致，并最 ...

2. 资金面 1. 公开市场操作 央行公告称，1月30日以固定利率、数量招标方式开展了4775亿元7天期逆回购操作，操作利率1.40%，投标量4775亿元，中标量4775亿元。Wind数据显 示，当日1250亿元逆回购到期，据此计算，单日净投放3525亿元。当周实现净投放5805亿元。 2月2日到6日当周，央行公开市场将有17615亿元逆回购到期，此外，2月4日将有7000亿元91天期买断式逆回购到期。 （*数据来源：Wind-央行动态PBOC） 银行间市场资金面整体平稳均衡，DR001加权平均利率降超3bp至1.32%附近。匿名点击（X-repo）系统上，隔夜报价在1.30%，供给在百亿左右。交易员 称，跨月整体比较平稳；同时央行公开市场逆回购操作力度加大，呵护意图明显。 海外方面，最新美国隔夜融资担保利率为3.64%。 // 债市综述 // 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1.60%位置，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） （*数据来源：Wind-同业存单-发行结果） 10年期主力合约涨0.06% 5年期主力合约涨0.01% ...

图片 一周摘要 图片 市场概况 ：上周A股市场呈现结构性分化格局，主要宽基指数普遍承压，上证指数收于 4117.95点，全周微跌0.44%。科创综指、北证50跌幅均超3.5%，成长板块回调明显。与此 同时，价值风格表现相对强势，上证50上涨1.13%，中证红利指数涨幅达1.58%，显示出资 金向低估值、高股息资产倾斜的态势。整体来看，市场在高位震荡中延续风格切换，价值板块 相对抗跌，成长板块面临调整压力。 行业板块 ： 上周 万得一级行业多数走低，受益油价上涨及地缘政治风险溢价，能源以6.4% 升幅领涨，具有防御属性的日常消费、金融业也表现相对强势；需求疲软、节前避险，让可选 消费、工业与医疗保健板块明显走低，跌幅均超3%。 基金发行 ：上周合计发行成立47只，其中股票型基金19只，混合型基金21只，债券型基金4 只，QDII型基金2只，FOF型基金1只，总募集份额482.72亿份。 基金表现 ：上周万得全基指数下跌0.49%，其中普通股票型基金跌1.07%，偏股混合型基金 跌0.76%，债券型基金微跌0.09%，整体表现承压，权益类基金跌幅明显。 图片 一周市场 图片 01 全球大类资产回顾 上周全球市场呈 ...

1、黄金主题基金总规模已近3800亿元。 今年以来，国际金价持续走强，黄金主题基金的吸引力不断提升。Wind数据显 示，截至1月28日，53只黄金主题基金总规模已近3800亿元，较去年年底增长近1000亿元，涨幅达35.7%。其中，排名首 位的产品规模已突破1200亿元，成为全市场首只跻身千亿元级的黄金主题基金。同时，从业绩表现来看，有18只产品年 内净值增长超过30%。 2、工信部召开光伏行业座谈会强调"反内卷"，推动行业良性竞争。 工信部召开光伏行业企业家座谈会指出，"反内卷"是 当前光伏行业规范治理的主要矛盾，将综合运用产能调控、价格执法、防范垄断风险等市场化、法治化手段，推动行业 回归良性竞争与理性发展轨道。 3、中小银行自营理财面临规模压降或进入彻底清退的倒计时。 银行理财市场2025年大幅增逾3.3万亿元之际，中小银行 自营理财面临规模压降或进入彻底清退的倒计时。银行业理财登记托管中心近日披露的数据显示，去年银行机构自营理 财压降逾1万亿元。截至去年末，银行机构理财产品（即自营理财）存续规模为2.58万亿元，同比下降29.12%，降幅约 1.06万亿元。 4、字节跳动与阿里将发布新AI模型，国内A ...

Group 1 - The Central Political Bureau of the Communist Party of China emphasized the need for strategic planning in future industries, highlighting the acceleration of technological and industrial transformation [3] - Xi Jinping's article in "Qiushi" magazine outlines the characteristics of a financial power, including a strong currency, effective central bank, robust financial institutions, and a well-regulated financial environment [3] - China's official manufacturing PMI for January is reported at 49.3%, indicating a contraction, while the non-manufacturing PMI is at 49.4%, reflecting a decline in business activity [4] Group 2 - The Ministry of Finance and the State Taxation Administration clarified the calculation of sales revenue for VAT taxable transactions involving financial products [5] - The GDP data for 2025 shows that Tibet leads the country with a growth rate of 7.0%, driven by major infrastructure projects [7] - A new set of regulations will take effect in February, including measures to encourage foreign investment and regulate competition [7] Group 3 - A-share companies are entering a busy earnings disclosure period for 2025, with over 70 companies already reporting, indicating a polarized performance across industries [8] - The performance of listed brokerages is under scrutiny, with major firms like CITIC Securities and Guotai Junan expected to maintain strong market positions [8] - Public funds have increased their allocation to non-bank financial sectors, particularly insurance stocks, indicating a shift in investment strategy [9] Group 4 - The National Financial Regulatory Administration has intensified scrutiny of banks' credit business violations, with penalties focusing on credit-related infractions [10] - The China Automobile Dealers Association reported a January inventory warning index of 59.4%, indicating a slight increase in inventory levels [10] - The real estate sector continues to face challenges, with the top 100 real estate companies reporting a sales total of 190.5 billion yuan in January, a year-on-year decline of 18.9% [10] Group 5 - The Beijing Economic-Technological Development Area is advancing its plan to build an AI city, focusing on integrating AI across various sectors [11] - The domestic transformer market is expected to grow over 20% in 2025, driven by AI computing and high-voltage products [11] - The price of photovoltaic components has increased due to rising silver prices, impacting downstream manufacturers [11] Group 6 - The U.S. Senate passed a $1.2 trillion funding bill, but the House of Representatives is expected to delay voting, leading to a partial government shutdown [16] - The SEC is operating with limited staff due to the funding lapse, affecting its regulatory functions [16] - NASA's Perseverance rover successfully completed a route planning task using AI, marking a significant milestone in autonomous operations [16]

周五，国际贵金属市场遭遇罕见重挫。随着美国总统特朗普正式提名凯文·沃什出任下一任美联储主席，市场对美联储的一些担忧明显缓解，美元随之大 幅走强，直接引发黄金与白银价格的断崖式下跌。 | W | | | 伦敦金现 SPTAUUSDOZ.IDC | | | | | O | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 4880.034 "F | | | | 5377.160 | | 总量 | | 0 | | -497.126 | -9.25% 开盘 | | | 5390.563 | | 现手 | | 0 | | 最高价 | 5451.010 | 搏 せ | | | 0 | 外 물 | | 0 | | 最低价 | 4682.552 干燥 | 仓 | | | 0 | 内 盘 | | 0 | | 分时 | 王日 | 日K | | 周K | | 月K | 更多 | (0) | | 叠加 设均线 | | | MA5:5172.222↓ 10:5004.843↑ 20:4772.899 ↑ | | | | | | | 5745.728 | | | | | ...

奥普拉·温弗瑞拥有一种独特的力量: 她能让人 在对话中卸下心防,展露内心真实的脆弱、 喜悦与渴望。这种魔力,超越了身份的 光环,直抵人心。 她的魔力,核心是深度共情力: 深度倾听 ● Win.d 奥普拉式读心术: 懂人心更懂人性 一个眼神、一次点头、一声叹息,都成为传递理解 的桥梁。 耳朵捕捉言语,心灵感知情绪, 听懂那些"没说出口的话"。 十六十十 具城大准 放下自我,将聚光灯完全聚焦于 眼前的人,让对方感到"被看见"。 理解立场 ● 不带评判,进入对方的世界,理解其视角、 需求和担忧。 情感共鸣 ● 正如奥普拉所言:"让人感到被看见、被听见,是你能 给予的最珍贵的礼物。" 销售的本质,远非推销产品, m 里建立酒店在培加信息 那些业绩卓著的销售精英,往往不是最会"说"的人, 而是最会"听"和"懂"的人: 加入万得,用你的洞察与共情, 开启一段以深度信任为核心的非凡旅程。 感知预算表背后的焦虑脉搏。 ● 捕捉决策者眼中转瞬的兴趣火花。 ● 点破客户犹豫时未言明的核心顾虑。 ● 转化每次对话为价值共振,让信任水到渠成。 ● 即刻行动 - = 方式一: 官网直通车 速递简历至万得招聘官网 https://www ...

Group 1 - The nomination of Kevin Warsh as the next Federal Reserve Chairman by President Trump has sparked hawkish expectations, leading to a significant sell-off in the global precious metals market, with silver dropping over 35% and gold nearly 13% [3][5] - The Federal Reserve's policy framework may see a notable shift if Warsh assumes leadership, as Deutsche Bank suggests a unique combination of "rate cuts and balance sheet reduction" could emerge under his guidance [3] - The U.S. Treasury Department reported a projected decline in national fiscal revenue for 2025, with total revenue expected to be 21.6 trillion yuan, a decrease of 1.7% year-on-year [4] Group 2 - The World Trade Organization ruled that U.S. clean energy subsidy measures violate WTO rules in the dispute initiated by China regarding the Inflation Reduction Act [4] - The China-UK economic relationship is set to deepen with the signing of four economic cooperation documents, focusing on "Export to China" initiatives and service trade agreements [4] - The Panama Supreme Court ruled that the contract for the operation of ports along the Panama Canal held by CK Hutchison is invalid, prompting a response from the Chinese government to protect its legitimate rights [4] Group 3 - The China Securities Regulatory Commission (CSRC) is working to enhance the attractiveness and flexibility of refinancing systems to support the capital market's stable growth [6] - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.96% and significant sell-offs in gold stocks [6] - The CSRC is revising the registration management measures for listed companies to clarify the types of strategic investors and enforce a minimum holding requirement of 5% [6] Group 4 - The regulatory body has issued new guidelines for fund sales and marketing practices, prohibiting collaborations with unqualified internet influencers and requiring the removal of misleading features from fund platforms [7] - The Hong Kong Securities and Futures Commission is addressing issues related to the surge in IPO applications expected in 2025, highlighting deficiencies in the preparation of listing documents [8] - The Shanghai Stock Exchange is monitoring stocks with abnormal fluctuations and has reported several cases of suspected violations to the CSRC [8]

国际贵金属市场周五出现明显回调，黄金与白银价格同步大幅下挫，市场此前持续数月的强势上涨行情遭遇集中抛压。 现货黄金盘中一度跌破5000美元/盎司重要心理关口，跌幅曾超过7%；白银跌幅更为剧烈，一度暴跌逾16%，跌破100美元/盎司整数位。期货市场同步走 弱，带动铂金、钯金等其他贵金属价格整体回调，贵金属板块出现系统性调整。 机构普遍认为，本轮下跌并不代表黄金长期配置逻辑的终结，而是市场从"单一叙事驱动行情"向"多变量博弈定价"的转变。此前黄金上涨更多依赖于货币 信用担忧、政策不确定性和美元走弱预期形成的单边逻辑，而当前市场进入重新定价阶段，金价将更多受政策路径预期、美元走势、资金集中度风险与宏 观不确定性多重因素共同影响。 Wind用户在金融终端输入 EDB(经济数据库) 汇集国内外权威一手数据资源 搭配强大的指标计算和图形功能 频度跨越月、季、年度，可进行多角度比对 宏观和行业分析必备工具 点" 阅读原文 "，申请Wind金融终端 有机构指出，市场正在进行"政策预期重定价"。此前交易逻辑偏向宽松预期与货币贬值预期叠加的"去信用化交易"，黄金被视为对冲货币体系风险的核心 资产；而当前预期转向央行制度稳定性与政 ...

1 月 30 日， A 股早盘低开低走。截至发稿，沪指跌破 4100 点，上证指数和深证成指跌幅均超1.5%。 板块方面，有色金属、钢铁、建材等跌幅居前。有色板块现跌停潮，南山铝业、铜陵有色、白银有色、云南铜业、兴业银锡等近 30 股跌停。 农业、文化传媒、银行等板块逆势上涨。 | 万得全A | 创业板指 | | 北证50 | | --- | --- | --- | --- | | 6719.75 | 3285.53 | | 1519.29 | | -127.53 -1.86% | -18.98 -0.57% | | -16.71 -1.09% | | 沪深300 | 中证500 | | 中证A500 | | 4677.87 | 8270.91 | | 5847.13 | | -76.00 -1.60% -246.94 -2.90% -121.78 -2.04% | | | | | 中证1000 | 深证100 | | 中证红利 | | 8150.97 | 5793.86 | | 5690.23 | | -181.24 -2.18% | -60.46 -1.03% | | -67.41 -1.17% | | ...