Core Viewpoint - The recent adjustments in the organizational structure of major securities firms reflect strategic shifts in business development, emphasizing both centralized operations and regional deepening trends in the industry [1]. Group 1: Organizational Changes - Zhongtai Securities announced the establishment of three specialized subsidiaries for underwriting, proprietary trading, and research consulting, while planning to dissolve its existing investment banking committee and related departments [2]. - The creation of independent subsidiaries allows for more flexible mechanisms, compensation, and incentives, enhancing the vitality of business units to adapt to rapidly changing market demands [3]. - Guolian Minsheng Securities is integrating its subsidiaries to focus on specialized functions, with plans to rename its subsidiary Huaying Securities to Guolian Minsheng Underwriting and Sponsorship, while also establishing a wealth management subsidiary [3][4]. Group 2: Wealth Management and Branch Adjustments - The wealth management sector is experiencing significant restructuring, with a trend of reducing physical branch locations while reshaping headquarters' functions [5]. - As of 2025, 42 listed securities firms have collectively closed nearly 300 branches, with firms like Changcheng Securities and Zhongyou Securities announcing branch closures [6]. - The shift towards online services is driving the reduction of physical branches, as most transactions can now be conducted online, particularly affecting older clients who prefer in-person services [6]. Group 3: Trends in Operations - The wealth management headquarters are undergoing a transformation, with a focus on refined customer segmentation and optimized regional market layouts [7]. - CITIC Securities has restructured its brokerage management committee into a wealth management committee to enhance service delivery and customer focus [7]. - Digital transformation is a key driver of operational innovation in wealth management, addressing the challenges of servicing a large number of long-tail clients while reducing costs [8].

2月9日晚间，九方智投控股（9636.HK）公告，上海证监局对子公司上海九方云智能科技有限公司（以下简称"九方智投"）出具《行政监管措施决 定书》，责令该公司改正及自收到决定书之日起暂停新增客户三个月，并立即开展全面整改工作。 券商中国记者注意到，这已是年内第五家被罚的投资咨询机构。随着监管部门持续加码规范力度，第三方持牌投顾行业开始进入规范提质的新周期。数据显示，近 三个月时间，共有6家投资咨询机构被各地证监局责令改正并暂停新增客户3至6个月，其中，2026年就有5家被罚。 九方智投被罚暂停新增客户三个月 2月9日晚间，九方智投控股（9636.HK）公告，鉴于子公司上海九方云智能科技有限公司（以下简称"九方智投"）存在违规行为，包括部分营销宣传内容存在误导 性、直播营销内容存在虚假不实信息、合规管理和风险控制机制不健全及部分未在中国证券业协会登记为证券投资顾问的员工向投资者提供投资建议，违反了相关 规定。 上海证监局对九方智投出具《行政监管措施决定书》，责令九方智投改正及自收到决定书之日起暂停新增客户三个月，并立即开展全面整改工作。在暂停新增客户 期间内，该公司不得签约新客户、不得以"投资者教育"等名义变相 ...

科技股全线反攻。 隔夜美股市场，科技股反弹提振市场情绪，纳指大涨近1%，道指再创历史新高。以黄金、白银为首的贵金属 全线大涨，COMEX黄金期货涨超2%，COMEX白银期货大涨8%。 有分析指出，美元持续走弱为风险资产和黄金、白银提供了额外支撑。美东时间2月9日，美元大幅走弱，衡量 美元对六种主要货币的美元指数大跌0.84%，跌破97关口。 对此，美国亚特兰大联储主席博斯蒂克表示，他开 始看到人们对美元信心产生质疑。美联储理事米兰则表示，美元目前的这种程度的下跌，还没有对货币政策产 生实质性的影响。 全线大涨 美东时间2月9日，美股三大指数低开高走，道指再创历史新高，标普500指数逼近历史高点。截至收盘，道指 涨0.04%，标普500指数涨0.47%，纳指涨0.90%。 美股大型科技股多数走强，甲骨文大涨超9%，微软、博通、AMD大涨超3%，英伟达、Meta涨超2%，特斯拉 涨超1%，谷歌小幅收涨；苹果跌超1%，亚马逊小幅收跌。 消息面上，甲骨文大幅飙涨主要受到D.A. Davidson上调评级的提振。D.A.Davidson分析师吉尔·卢里亚认为， 市场对甲骨文的抛售可能已过度。 谷歌母公司Alphabet ...

据新疆发布消息，新疆维吾尔自治区党委政法工作会议2月9日召开。 报道提到，自治区党委常委、政法委书记王刚就全区政法工作作具体部署。 上述信息显示，新疆维吾尔自治区党委常委王刚，已兼任自治区党委政法委书记。 此前，新疆维吾尔自治区党委副书记陈明国，兼任自治区党委政法委书记。 来源：政事儿 百万用户都在看 央行等八部门，重磅发布！商业航天，大消息！算力，利好！脑机接口，重大突破！影响一周市场的 十大消息 利好来了！刚刚，福建重磅发布！ 重大信号！49万亿巨头，批量减持！ A股突发！多只大牛股，紧急提示风险！ 盘中，大幅拉升！重大突破！量子科技，突传利好！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：汪云鹏 校对： 李凌锋 公开简历显示，王刚，男，汉族，1973年9月生，大学，中共党员。 他长期在新疆工作，曾任克拉玛依市委副书记、市长，自治区国资委党委书记、副主任，阿克苏地委书记等 职。 2023年1月，王刚任新疆维吾尔自治区政府副主席。 今年1月报道显示，王刚已任新疆维吾尔自治区党委常委。 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 ...

不得不承认，黄金、有色金属、石化等构筑的大宗商品叙事，短期内已然挣脱惯常的分析框架。 急涨、急跌、再反弹，市场的呼吸变得急促而失序。历史新高与数十年新低，在短短几个交易日轮番上演；涨 停与跌停、贪婪与恐惧，在情绪的剧烈摇摆中反复交替；疯狂抢筹与踩踏出逃，亦在预期的突然反转间迅速切 换。 黄金这个在2025年53次刷新历史纪录的贵金属品类，在最近短短一周内，走完了一段过山车般的史诗级轨迹。 1月29日，伦敦金价强势触及每盎司5598美元的历史极值，随后迎来急速调整，并在1月31日以一次近四十年未 见的单日暴跌急速冷却；正当市场惊魂未定时，2月4日，它又以一场近207个月以来的最大单日涨幅，再度改 写了剧本。 市场的解释我们已不陌生，"沃什交易"的冲击、获利回吐的压力，让黄金处于震荡行情。1月30日，以激进缩 表主张闻名的前美联储理事凯文·沃什为主席候选人，这一信号瞬间动摇了黄金的货币宽松逻辑。 在此基础上，交易所上调保证金的要求， 成为了压垮骆驼的最后一根稻草 。高杠杆资金在强制平仓的压力下 被迫集体离场，前期积累的巨大获利盘如雪崩般涌出，市场的极致波动由此诞生。 但若跳出眼下的喧嚣与波动，便会发现，这或许并非 ...

再融资市场迎来一揽子政策。 2月9日，沪深北三地交易所推出一揽子优化再融资制度的举措，旨在精准疏通市场堵点，提升资源配置效率。 多名业内人士表示，上述政策释放的利好信号体现监管层引导资本精准流向国家战略领域，但绝不意味着"大 放水"，更不意味着"鼓励圈钱"。相反，"防风险"和"强监管"依然摆在突出位置，交易所对过度融资、投机套 利等行为持续保持高压态势。 支持优质上市公司投向新业态 "扶优限劣"是本次三地交易所优化再融资一揽子措施的重要原则，监管层旨在加大对优质上市公司的支持力 度，同时引导资源向新质生产力领域集聚。 具体来看，在审核方面，对于经营治理、信息披露规范，具有代表性与市场认可度的优质上市公司，沪深北三 地交易所优化再融资审核，进一步提高再融资效率。 在募投方面，再融资一揽子措施明确支持优质上市公司将募集资金用于与主营业务有协同整合效应的新产业、 新业态、新技术领域，发展第二增长曲线业务。 业内人士解释，当前新一轮科技革命和产业变革加速演进，人工智能、大数据、工业互联网等技术与传统产业 深度融合。监管本次优化政策，旨在立足产业发展实际，通过技术融合与模式创新，支持上市公司进一步夯实 主业根基、做优做 ...

近期，在国家文物局工作组指导下，江苏省委省政府调查组对南京博物院（以下简称南博）相关受赠文物管理 问题进行了全面深入调查。调查组共赴12省（直辖市）调查取证，走访干部职工群众1100余人次，查阅档案材 料65000余份，调取各类书证1500余件，组织比对书画文物藏品30255件，全面追溯南博收藏的庞增和所捐赠 《江南春》图卷等5幅画作去向，彻查画作调拨、流转过程中的涉嫌失职渎职等违纪违法问题。现将调查处理 情况通报如下。 一、《江南春》图卷等5幅画作流转情况 1959年，庞增和将《江南春》图卷等137件画作捐赠给南博收藏。上世纪90年代，经时任常务副院长徐湖平违 规签批，原省文化厅未按规定严格审核、违规批复同意，南博将《江南春》图卷等书画违规调拨原省文物总店 （以下简称总店）销售。2025年5月，《江南春》图卷在嘉德拍卖公司预展，被庞增和后人庞叔令向国家文物 局举报后撤拍。之后，庞叔令和律师两次到南博现场察看，南博未能提供《江南春》图卷、《仿北苑山水 轴》、《双马图轴》、《设色山水轴》、《松风萧寺图轴》等5幅捐赠画作，其余132件捐赠画作仍收藏在南 博。对此，调查组按照"一画一专班"模式，全力推进5幅画作追溯 ...

Core Viewpoint - Chongqing has introduced 22 new policies to stabilize the real estate market, focusing on optimizing housing supply, reducing purchasing costs, encouraging "selling old to buy new," and revitalizing existing stock [1][3]. Group 1: Demand-Side Measures - The new policies aim to lower the costs of purchasing and exchanging homes through subsidies, increased support for public and commercial loans, and tax incentives to promote housing consumption and support both rigid and improved housing demand [2][3]. - Subsidies include a 20,000 yuan incentive for families with two children and a 30,000 yuan incentive for families with three children who purchase new homes in the central urban area [3]. - First-time homebuyers in the central urban area without previous purchase records will receive a subsidy of 0.5% of the total transaction amount of the new home [3][4]. Group 2: Loan and Tax Policies - The new policies optimize housing provident fund loan policies, allowing families with existing housing in the district to reduce the recognized number of homes by one when applying for loans [4]. - Increased credit support for housing loans will be provided, ensuring that families without any complete homes in the local area can apply for loans under the first-home policy, regardless of previous loan usage [4][5]. - A personal income tax refund policy will be implemented for those selling their homes and purchasing new ones within one year, with full refunds for taxes paid if the new home price is equal to or greater than the selling price of the old home [5]. Group 3: Jiangsu Province Initiatives - Jiangsu Province is also working on dynamic improvements to real estate support policies, focusing on stabilizing market confidence and expectations through tailored strategies for different regions and demographics [6]. - The provincial government emphasizes the importance of revitalizing existing land use and promoting housing quality improvement initiatives [6].

受此影响，英国富时100指数、英镑兑欧元汇率全线跳水，英国10年期国债收益率上升，接近去年11月以来高点。与此同时，对冲基金正通过期权市场大举押注英镑 进一步走弱。 英国股债汇"三杀" 当地时间2月9日，英国首相斯塔默的公关总监蒂姆·艾伦辞职，并表示"为建立首相府新团队提供空间"。 英国政坛突发"黑天鹅"。 今日晚间，据央视新闻，英国首相斯塔默的公关总监蒂姆·艾伦于当地时间2月9日辞职，这是24小时内首相办公室第二位高级官员离职。在此之前，英国首相办公厅 主任摩根·麦克斯威尼因英国前驻美国大使彼得·曼德尔森涉爱泼斯坦案引咎辞职。 一天前，英国首相办公厅主任摩根·麦克斯威尼因英国前驻美国大使彼得·曼德尔森涉爱泼斯坦案引咎辞职。 麦克斯威尼在辞职公开信中说，他曾向斯塔默建议任命曼德尔森为驻美大使，而这一任命是错误的，曼德尔森"损害"了工党和英国的利益。他对这一任命建议"负有 全部责任"。 斯塔默5日就曼德尔森牵涉爱泼斯坦案引发的风波发表讲话，称他先前轻信曼德尔森的"谎言"并任命其为驻美大使，就此向爱泼斯坦案受害者道歉。 去年9月，因被曝与爱泼斯坦交往密切，曼德尔森被解除驻美大使职务，履职仅7个月。近日，曼德尔森及 ...

Core Viewpoint - The storage price surge is ongoing, with memory prices expected to rise by 80%-90% by Q1 2026, driven by significant demand in the server DRAM market and a broader increase across all memory categories [1][2]. Group 1: Price Trends - According to Counterpoint, memory prices are projected to increase by 80%-90% by Q1 2026, with server DRAM prices being a major contributor [2]. - The price of 64GB RDIMM has surged from $450 in Q4 2022 to over $900 in Q1 2023, with expectations to exceed $1,000 in Q2 2023 [2]. - TrendForce has revised its forecast for Q1 2023, predicting a 90%-95% increase in Conventional DRAM contract prices, up from an earlier estimate of 55%-60% [3]. Group 2: Supply and Demand Dynamics - Goldman Sachs has significantly raised its forecast for the supply-demand gap in the memory chip market, predicting a shortage of 4.9% for DRAM in 2026 and 2.5% in 2027, marking the most severe shortage in 15 years [4]. - The demand for server DRAM is expected to grow by 39% in 2026 and 22% in 2027, with servers becoming the primary driver of DRAM demand [4]. - The NAND market is also tightening, with Goldman Sachs forecasting a 4.2% shortage in 2026 and 2.1% in 2027, driven by strong enterprise SSD demand [5]. Group 3: Market Drivers - The current memory cycle is driven by AI demand, which is leading to a more comprehensive shortage compared to previous cycles, with cloud service providers (CSPs) driving the demand [3]. - The shift in customer demand from end-users to CSPs has resulted in exponential growth in procurement volumes, with less sensitivity to price increases [3]. - The AI industry's focus on real-time response and data access efficiency is increasing the demand for high-capacity, high-bandwidth DRAM [3]. Group 4: Future Outlook - The storage industry is expected to see significant revenue growth, with the market projected to reach $551.6 billion by 2026, driven by supply constraints and price surges [2]. - The current price and demand dynamics suggest that 2026 will be a year of substantial performance releases for storage companies, with a focus on the sustainability of price trends and company performance [6].