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 , 据参考消息援引联合早报报道，美国英伟达创始人黄仁勋再度前往中国，首站到访英伟达位于上海的新办公 室。这是黄仁勋2026年首度赴华。 据媒体引述多位知情人士报道，黄仁勋前往英伟达的上海新办公室，与员工见面并回答了诸多员工关注的问 题，同时回顾公司2025年主要事件。消息人士称，黄仁勋此次赴华行程与2025年初基本一致，主要参加上海、 北京和深圳分公司的新年晚会以及供应商答谢会。 据报道，中国大陆作为英伟达最重要的市场之一，黄仁勋每年春节都会例行拜访。彭博社曾引述要求不具名的 知情人士报道，黄仁勋将在农历新年假期前到中国参加公司活动，预计他也将前往北京。 来源：参考消息 责编：王璐璐 校对：廖胜超 百万用户都在看 证监会1号罚单！余韩，被罚没超10亿！ 跨界并购！牛股尾盘，封死涨停 ...

中央纪委国家监委网站1月24日消息，哈尔滨电气集团有限公司原党委常委、纪委书记，国家监委原驻哈尔滨 电气集团有限公司监察专员杨宏勇涉嫌严重违纪违法，主动投案，目前正接受中央纪委国家监委纪律审查和监 察调查。 百万用户都在看 证监会1号罚单！余韩，被罚没超10亿！ 跨界并购！牛股尾盘，封死涨停！A股又一信号闪现 日本央行，突发！刚刚，直线拉升！ 尾盘异动！A股，三大信号"闪现" 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 公开简历显示，杨宏勇，男，汉族，1962年9月生，陕西汉中人，1979年9月参加工作，1986年6月加入中国共 产党，研究生学历。 他历任中央巡视工作领导小组办公室正局级纪律检查员、监察专员，中央巡视组正局级巡视专员等职，后任哈 尔滨电气集团有限公司党委常委、纪委书记兼哈尔滨电气股份有限公司党委常委、纪委书记。 综合自：中央纪委国家监委、政事儿 责编：王璐璐 校对：廖胜超 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 ...

Core Viewpoint - The recent announcement by the China Securities Regulatory Commission (CSRC) to introduce 14 new futures and options products marks a significant step towards the internationalization of China's futures market [1][3]. Group 1: Expansion of Specific Products - The CSRC has added 14 specific futures and options products for foreign traders, including nickel futures and options from the Shanghai Futures Exchange, various products from the Zhengzhou Commodity Exchange, and lithium carbonate futures and options from the Guangzhou Futures Exchange [3]. - By December 2025, the national futures market is projected to have a trading volume of 9.51 billion contracts and a trading value of 90.81 trillion yuan, reflecting year-on-year increases of 45.17% and 58.55% respectively [3]. Group 2: Market Activity and Capital Inflow - In 2025, the futures and options market in China is expected to add 18 new products across various sectors, including non-ferrous metals and energy chemicals, contributing to a more comprehensive product system [4]. - By the end of 2025, the total capital in China's futures market is anticipated to reach 497.75 billion yuan, marking a year-on-year growth of 52.61% and reversing a two-year trend of capital outflow [4]. Group 3: Internationalization of Product Supply - Domestic exchanges have prepared adequately for the smooth implementation of internationalization, with the Shanghai Futures Exchange's new international business rules coming into effect on August 8, 2025 [5]. - Nickel futures have become the first directly open internationalized non-ferrous metal futures product, indicating a key advancement in the internationalization process of the Shanghai Futures Exchange [5]. Group 4: Transition from "Chinese Price" to "Global Price" - The Zhengzhou Commodity Exchange has introduced several new products, including paraxylene (PX) futures and options, which are expected to enhance the internationalization of the polyester sector and improve the global pricing system for polyester [8]. - The participation of over 800 foreign clients from 33 countries and regions in the Zhengzhou Commodity Exchange has created favorable conditions for the internationalization of the polyester sector [9].

美股、美债被抛售了？ 据最新消息，美国银行表示，在美国总统特朗普威胁因格陵兰岛问题对部分欧洲国家加征关税的一周里，美股 资金流出接近170亿美元。直到本周三，特朗普 "撤回"关税威胁，美股市场随之反弹。 值得注意的是，印度正加入部分主要经济体的行列，逐步撤离美国债券市场。根据美国财政部公布的数据，印 度持有的美国国债规模已降至1740亿美元，较2023年峰值下降26%，为五年来的最低水平。此外，瑞典最大私 人养老基金、丹麦"学界养老基金"正在或计划抛售美债。 美国总统特朗普日前表示，如果欧洲国家因美国在格陵兰岛问题上的施压而抛售美股和美债，美国将进行报 复。 美股资金一度流出近170亿美元 1月23日，据彭博社消息，美国银行表示，在美国总统特朗普威胁因格陵兰岛问题对部分欧洲国家加征关税的 一周里，美股资金流出接近170亿美元。 据彭博社消息，为支撑本币汇率并多元化外汇储备，印度正加入部分主要经济体的行列，逐步撤离全球最大债 券市场。目前，印度持有的美国国债已降至五年低点。 根据美国财政部上周公布的数据，印度持有的美国国债已降至1740亿美元，较2023年峰值下降26%。印度储备 银行（印度央行）数据显示，目前 ...

1月23日，安联基金正式发布公告，现任总经理沈良升任董事长，原副总经理、首席投资官郑宇尘接任总经 理并继续兼任首席投资官一职。 此次履新的两位核心高管，均具备境内外资产管理领域的从业背景。安联基金依托本土团队，引入集团相关资 源，推进在中国市场的业务开展。 近年来，多家外资机构纷纷将中国市场纳入长期资产配置的重要组成部分，相关在华布局持续推进。 安联基金董事长、总经理调整落定 公开资料显示，此次升任董事长的沈良，是横跨保险、投行与资管的复合型专家，拥有超过23年金融行业从业 经验。其教育背景与专业资质亮眼，拥有香港中文大学会计学学士学位及加拿大西安大略大学工商管理硕士学 位，并且持有特许金融分析师（CFA）和香港注册会计师证书，为其全局化战略决策与风险管控提供了坚实支 撑。 沈良先后任职于普华永道会计师事务所、宏利金融等知名机构，曾担任摩根士丹利亚洲有限公司亚太区运营部 首席运营官、摩根士丹利华鑫基金副总经理等核心职务，深度参与中外资管机构的运营管理与战略布局。加入 安联投资之前，他就任美世（中国）有限公司中国区财富管理业务负责人，美世投资管理（上海）有限公司总 经理，在境内外资产配置、养老金、ESG投资领域 ...

据国防部消息，中央政治局委员、中央军委副主席张又侠，中央军委委员、中央军委联合参谋部参谋长刘振立 涉嫌严重违纪违法，经党中央研究，决定对张又侠、刘振立立案审查调查。 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 责编：王璐璐 校对：陶谦 百万用户都在看 证监会1号罚单！余韩，被罚没超10亿！ 跨界并购！牛股尾盘，封死涨停！A股又一信号闪现 日本央行，突发！刚刚，直线拉升！ 尾盘异动！A股，三大信号"闪现" 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 , 来源：国防部 ...

Core Viewpoint - The first batch of 2025 performance reports from listed banks indicates significant improvement in performance metrics, with asset quality remaining stable [1][2]. Group 1: Performance Highlights - As of January 23, 2025, eight listed banks have released performance reports, with all achieving positive growth in net profit [2]. - Notably, the net profit of China Merchants Bank reached 150.18 billion yuan, showing a slight year-on-year increase, while Hangzhou Bank's net profit grew approximately 12% [1][2]. - Among the eight banks, the majority reported a slowdown in revenue growth, with only CITIC Bank experiencing a slight revenue decline of 0.55% [2]. Group 2: Asset Quality and Loan Performance - All eight listed banks demonstrated steady asset expansion, with smaller banks leading in growth rates [1][4]. - The non-performing loan (NPL) ratio remained favorable, with five banks maintaining NPL ratios below 1% [6][8]. - The NPL ratio for several banks improved, with Shanghai Pudong Development Bank showing the largest decline of 10 basis points to 1.26% [6][8]. Group 3: Provisioning and Coverage Ratios - Many banks increased their provisioning efforts, although the provision coverage ratios generally declined, indicating a strategy to use provisions to support profits [6][9]. - Among the eight banks, seven experienced a decrease in provision coverage ratios, with declines ranging from 5.82 to 58.77 percentage points [9][10]. Group 4: Future Outlook - Analysts predict that the net interest margin (NIM) for banks in 2026 will benefit from monetary policy, with a stabilization in the decline of NIM expected [1][10]. - Revenue and net profit growth for banks in 2026 is anticipated to improve, driven by NIM recovery and reduced credit costs [10][11]. - The banking sector is expected to maintain a stable dividend profile and benefit from economic recovery dynamics in 2026 [11].

Core Viewpoint - A significant winter storm is impacting the United States, leading to widespread flight cancellations and a dramatic increase in natural gas futures prices due to heightened demand for heating fuel as temperatures drop [1][4][6]. Flight Cancellations - Over 2900 flights have been canceled as of January 25, marking the worst day for flight cancellations since 2025 [2][3]. - The storm is expected to affect two-thirds of the country, with approximately 160 million people under extreme weather alerts [2][3]. - The storm's impact is extensive, spanning over 3000 kilometers, prompting residents in multiple states to stockpile supplies, resulting in shortages in stores [2][3]. Natural Gas Futures - Natural gas futures for February delivery surged by 70% this week, reaching $5.275 per million British thermal units (MMBtu), the largest weekly percentage increase recorded since 1990 [4][5]. - Spot prices for natural gas also saw significant increases, with Louisiana's Henry Hub spot price reaching an average of $28.55 per MMBtu, marking the highest since 2008 [5][6]. Market Dynamics - The surge in natural gas prices is driven by forecasts of below-normal temperatures across much of the U.S., which is expected to increase consumption and deplete inventories [6][7]. - Concerns about pipeline freeze-offs in southern gas-producing states could lead to production interruptions, with expected losses adjusted from 63.7 billion cubic feet to 86.4 billion cubic feet, representing 5.5% of total U.S. natural gas production [6][7]. - The market is also reacting to a shift in sentiment among hedge funds, leading to a rush to cover short positions, further driving up prices [6][7].

Core Viewpoint - The recent viral topic of "a man extracting 191.73 grams of gold from SIM cards" has sparked discussions online, with the total value calculated at approximately 214,737.6 yuan based on the latest gold price of 1,120.00 yuan per gram [1]. Group 1 - The individual involved clarified that the gold extraction was not solely from ordinary SIM cards but from a collection of gold-plated electronic waste materials, including chips from the telecommunications sector [2]. - The reported weight of 191.73 grams is from a specific batch of processed materials, and the simplification to "extracting gold from SIM cards" is misleading and can cause misunderstandings [2]. - The extraction process involves using nearly 2 tons of electronic waste, and the gold content in individual SIM cards is minimal, typically around 0.02 grams per card [2]. Group 2 - Concerns were raised regarding the safety and environmental risks associated with the extraction process, as it requires strong corrosive chemicals [2]. - The individual emphasized that the intention behind documenting the extraction process was to showcase the technology and recovery value, rather than to create sensationalism [2].

贵金属市场掀起"避险狂潮"。 受地缘局势持续升温影响，贵金属上演史诗级大涨。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。 有分析指出，美国总统特朗普关于美国"舰队"正前往伊朗的言论促使投资者涌入白银、黄金等贵金属。据新华社报道，特朗普此前表示，美 国正调集重兵前往伊朗，许多舰艇正在向伊朗行进。当地时间1月23日晚，土耳其外长费丹表示，有迹象表明以色列正寻求对伊朗发动攻击。 另外，美军中央司令部司令布拉德·库珀将于24日访问以色列。 美国宣布制裁 据央视新闻，当地时间1月23日，美国财政部外国资产控制办公室（OFAC）宣布，对与伊朗能源和航运体系相关的多家实体及船只实施新一 轮制裁，重点指向协助伊朗石油、能源及衍生品出口的航运和管理网络。 根据公布文件，此次被列入制裁名单的对象包括多家航运公司及其关联船只，相关资产在美国司法管辖范围内将被冻结，美国个人和机构被 禁止与其进行任何交易。 被制裁船只主要涉及油轮及货 ...