Core Viewpoint - China's total import and export value exceeded 45 trillion yuan in 2025, marking a historical high and maintaining its position as the world's largest goods trading nation [1][4]. Group 1: Trade Performance - In 2025, China's total foreign trade reached 45.47 trillion yuan, growing by 3.8%, with exports at 26.99 trillion yuan (up 6.1%) and imports at 18.48 trillion yuan (up 0.5%) [4][8]. - The number of countries and regions trading with China reached 249, with 14 exceeding 1 trillion yuan, 62 over 100 billion yuan, and 137 over 10 billion yuan, showing an increase from 2024 [2]. - December 2025 saw a monthly trade value of 4.26 trillion yuan, a year-on-year increase of 4.9%, setting a new record for monthly trade volume [4]. Group 2: Export Growth Drivers - China's manufacturing exports have seen continuous growth for nine years, with equipment manufacturing exports reaching 16.03 trillion yuan, a 9.2% increase, contributing 5.3 percentage points to overall export growth [4][6]. - High-tech product exports grew by 13.2%, contributing 2.4 percentage points to total export growth [6]. - Exports to Belt and Road Initiative countries increased by 11.2%, contributing 5.4 percentage points to overall export growth, with ASEAN being China's largest export market for three consecutive years [7]. Group 3: Import Trends - In 2025, imports reached 18.48 trillion yuan, marking a historical high and maintaining China's position as the world's second-largest import market for 17 consecutive years [5][8]. - From June 2025, imports maintained year-on-year growth for seven consecutive months, with December's growth accelerating to 4.4% [8]. - China imported from over 130 countries, with notable growth in imports from Asia (3.9%), Latin America (4.9%), and Africa (6%) [8]. Group 4: Sino-U.S. Trade Relations - In 2025, trade between China and the U.S. amounted to 4.01 trillion yuan, accounting for 8.8% of China's total trade [9]. - The essence of Sino-U.S. trade is mutual benefit, and maintaining stable and healthy trade relations is beneficial for both countries and the world [9]. Group 5: Artificial Intelligence Trade - China's trade in artificial intelligence-related products is expected to grow in line with global trends, reflecting a robust development [10]. - The demand for AI technology has led to significant growth in imports of components like laser radar (over 20%) and exports of high-end graphics card components (up nearly 60%) [11].

国务院新闻办公室将于2026年1月15日（星期四）下午3时举行新闻发布会，请中国人民银行新闻发言 人、副行长邹澜，国家外汇局新闻发言人、副局长李斌介绍货币金融政策支持实体经济高质量发展成效， 并答记者问。 来源：国新办 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：王璐璐 校对：许欣 百万用户都在看 "降息大门关闭！"美联储，预期突变！ 局势升级！俄罗斯，大规模袭击！发射7枚巡航导弹！英国，重大宣布！ 最高猛增520%！A股批量晒出超级"战报"，一晚7家官宣净利翻倍 利好突袭！杭州"六小龙"，传出大消息！ 刚刚！特朗普宣布进入国家紧急状态！ 看券商中国 知天下财经 F 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 ...

Core Viewpoint - The article emphasizes that South Korea's experience in expanding service consumption over the past three decades provides valuable lessons for China, particularly in enhancing domestic demand and service sector growth [2][14]. Demand Side Summary - The South Korean government has established a social security safety net and gradually reduced standard working hours, which has positively influenced service consumption [8][14]. - The labor distribution rate in South Korea decreased in the late 1990s, leading to reforms that expanded social welfare coverage, thereby reducing the household precautionary savings motive and promoting service consumption [8]. - The introduction of a five-day workweek has increased leisure spending, although the prevalence of overtime work may limit the effectiveness of this policy on service consumption [8][11]. Supply Side Summary - South Korea's "Cultural Nation" strategy initiated in 1998 has significantly boosted the domestic cultural industry and global "Korean Wave," enhancing service consumption demand [12]. - Systematic improvements in the business environment for the service industry have been made since the early 2000s, focusing on market-oriented reforms in taxation, finance, and corporate burdens, which have supported sustained growth in service consumption [12]. Recommendations for China - China should enhance its social security system to support consumer confidence and convert savings into service consumption growth [14]. - It is essential to implement labor rights for rest and encourage consumer participation to prevent excessive overtime from encroaching on leisure time [14]. - Increasing the share of resident income in national income distribution and labor remuneration in primary distribution is crucial for stabilizing income expectations and promoting a healthy household financial cycle [14]. - On the supply side, China needs to accelerate the expansion and quality improvement of the service sector and develop distinctive local industries to foster new growth points in service consumption [14].

据报道，该公司内部人士向彭博社透露了相关消息，但尚未发表官方声明。 伊朗全国性抗议活动已持续多日，政府对互联网访问实施了广泛限制。"星链"之所以更难控制，是因为其终端 直接与卫星通信，并不依赖国家基础设施。 据德国《明镜》周刊网站1月14日报道，马斯克旗下的太空探索技术公司目前正在伊朗提供免费的"星链"卫星 互联网服务。 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 F 但据报道，伊朗当局已成功干扰部分终端接收卫星信号。 来源：参考消息 责编：王璐璐 校对：许欣 百万用户都在看 "降息大门关闭！"美联储，预期突变！ 局势升级！俄罗斯， ...

当地时间13日，以色列外交部长萨尔宣布，以色列决定退出多个联合国机构及相关组织。以方称，这些 机构存在"反以色列偏见"等问题。 以色列退出的机构包括联合国秘书长儿童与武装冲突问题特别代表办公室、联合国妇女署、联合国贸易和 发展会议、联合国西亚经济社会委员会、联合国文明联盟、联合国能源机制以及全球移民与发展论坛。 以色列外交部称，将继续审查与其他联合国机构的合作关系，并在未来作出进一步决定。 来源：央视新闻 责编：王璐璐 校对：许欣 百万用户都在看 "降息大门关闭！"美联储，预期突变！ 最高猛增520%！A股批量晒出超级"战报"，一晚7家官宣净利翻倍 利好突袭！杭州"六小龙"，传出大消息！ 刚刚！特朗普宣布进入国家紧急状态！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 ...

2026年1月14日，经中国证监会批准，沪深北交易所发布通知调整融资保证金比例，将投资者融资买入证券时的融资保证金最低比例从80%提高至100%。 2023年8月，沪深北交易所将融资保证金比例从100%降低至80%，融资规模和交易额稳步上升。近期，融资交易明显活跃，市场流动性相对充裕，根据法定的逆周 期调节安排，适度提高融资保证金比例回归100%，有助于适当降低杠杆水平，切实保护投资者合法权益，促进市场长期稳定健康发展。 看券商中国 知天下财经 弊中社 券商中国 X 券中社 扫码下载 券 中 社 A P P 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体, 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 综合自：沪深北交易所 责编：王璐璐 校对：许欣 百万用户都在看 "降息大门关闭！"美联储，预期突变！ 最高猛增520%！A股批量晒出超级"战报"，一晚7 ...

2025年以来，银行卡频繁遭遇境外盗刷的事件引发关注。 券商中国记者注意到，2026年元旦假期前后，社交媒体平台中反映信用卡、借记卡遭盗刷的内容有所增多，国 有大行、股份行以及地方中小银行等商业银行均有涉及。 除了帮助持卡人锁卡挂失外，为保证用户资金安全、优化风控体系，湖南、广东、吉林、河北、湖北等多地中 小银行主动关闭旗下借记卡的跨境交易功能。业内人士指出，该举措可暂时降低客户资金安全风险，但长久来 看，银行仍需从客群细分、风控体系、交易系统等方面进行根本优化。 深夜的"消费短信" 具体来看，关闭范围包括但不限于在境外(含港澳台地区)的ATM取现、POS机刷卡消费等。该行表示，借记卡 在境内的所有金融服务，包括存取款、转账、POS消费、线上支付、投资理财等均可正常使用，客户的资金安 全与账户权益不受任何影响。 陆续加入调整阵营的村镇银行业务调整范围与前述公告基本一致。王蓬博告诉记者，与国有大行、股份行相 比，多家村镇银行公告在境外使用场景和生态较少，关闭该功能可以在影响较小的情况下，最大限度地保证持 卡人的资金安全。 "我凌晨2点多手机弹出交易短信，早上醒来才看见。"家住深圳的林女士（化名）告诉券商中国记者 ...

据澎湃新闻报道，记者从贺娇龙团队相关方面获悉，新疆维吾尔自治区农产品品牌建设与产销服务中心（新疆 维吾尔自治区农业对外合作中心）主任贺娇龙同志，于2026年1月13日因意外事故逝世，年仅47岁。 澎湃新闻记者从相关方面了解到，贺娇龙日前在工作过程中意外坠马，经抢救后医治无效不幸离世。 公开报道显示，贺娇龙，女，汉族，1979年12月出生，四川射洪人，1999年12月参加工作，2004年2月入党， 硕士研究生学历（2009年9月毕业于自治区党校经济管理专业）。 贺娇龙曾任新疆昭苏县副县长，2020年其身披红斗篷，在雪原飒爽策马，为当地旅游项目代言的短视频火遍全 网。翌年4月，贺娇龙从昭苏县调往伊犁州担任文旅局副局长。随着贺娇龙爆火"出圈"，她所在的昭苏县乃至 伊犁州也被带火，之后她便成为"新疆文旅推荐人"之一，继续带起直播团队朝着乡村全面振兴前行。 2023年4月，贺娇龙出任新疆维吾尔自治区农产品品牌建设与产销服务中心（新疆维吾尔自治区农业对外合作 中心）主任，2025年3月获"全国三八红旗手"称号。 来源：澎湃新闻 责编：王璐璐 校对：许欣 百万用户都在看 "降息大门关闭！"美联储，预期突变！ 最高猛增520 ...

Group 1: Military Actions and Developments - Russia has conducted large-scale strikes on Ukraine's energy and military facilities, utilizing precision-guided weapons and drones, with reports indicating nearly 300 drones, 18 ballistic missiles, and 7 cruise missiles were used in the attacks on January 13 [1][3] - The Ukrainian military has retaliated by targeting Russian drone factories and other military installations, aiming to weaken Russia's drone production capacity and its ability to conduct airstrikes on Ukrainian civilian infrastructure [5][6] - The UK has initiated a project named "Nightfall" to develop a new ground-based tactical ballistic missile to enhance Ukraine's long-range strike capabilities, with a target range exceeding 500 kilometers and a payload of 200 kilograms [12][13] Group 2: Political Changes in Ukraine - The Ukrainian parliament has voted to dismiss key security and defense officials, including the head of the National Security Bureau and the Minister of Defense, following a proposal from President Zelensky [8][9] - The dismissals come amid ongoing investigations into corruption within the Ukrainian government, highlighting the political challenges faced by the administration during the conflict [10][11] Group 3: Future Military Support - The UK plans to award contracts worth £9 million to three teams for the rapid development of the new missile system, with the first three missiles expected to be ready for testing within 12 months [13][14] - The project aims to enhance electronic warfare capabilities and increase production capacity, which could also benefit the UK's military capabilities in the future [14]

Core Viewpoint - The cross-border ETF market has reached a historic milestone, surpassing 1 trillion RMB in total scale, driven by global capital market trends and investor enthusiasm for overseas markets [1][5]. Group 1: Market Growth - As of January 13, the total scale of cross-border ETFs reached 1.0008 trillion RMB, marking the first time it has exceeded the trillion RMB threshold [1]. - The scale of cross-border ETFs was only 424.2 billion RMB at the beginning of 2025, indicating a remarkable growth rate of 136% over just over a year [5]. - By early 2026, the overall scale of cross-border ETFs was approximately 932.4 billion RMB, with a rapid increase of over 60 billion RMB in less than half a month [5]. Group 2: Leading Products - The top cross-border ETF by scale is the Invesco Hong Kong Internet ETF, with a size of 89.741 billion RMB as of January 12 [2]. - Other significant ETFs include the Huaxia Hang Seng Technology ETF at approximately 53.328 billion RMB and the Haitong Baichuan Hang Seng Technology ETF at 47.293 billion RMB [2][4]. - A total of 25 cross-border ETFs have surpassed 10 billion RMB in scale, reflecting strong investor interest [2]. Group 3: Performance and Premiums - As of January 13, 2026, the Invesco Nasdaq Technology ETF had a premium rate of 20.42%, indicating high demand in the secondary market [6]. - The overall performance of QDII funds has been strong, with 95.2% of comparable QDII funds showing net value increases in 2025, benefiting from global trends in AI and innovative pharmaceuticals [5][6]. - The limited QDII quota has led to frequent premiums in the secondary market, with several funds experiencing significant price increases above their net asset values [6]. Group 4: Investment Outlook - Fund managers express optimism about investment opportunities in Hong Kong stocks for 2026, viewing them as a bridge for foreign capital into Chinese assets [7]. - The technology sector in Hong Kong is highlighted as a key area for investment, particularly with the rise of AI and related applications [7][8]. - There is a focus on dividend assets in the short term and a shift towards growth investments driven by demand-side changes in the medium term, particularly in technology and consumer sectors [8].