Key Points - China's commercial aerospace sector is set to enter a phase of high-frequency launches following the successful test of a reusable spacecraft on February 7, 2026, using the Long March 2F rocket [2][11] - The Shanghai Municipal Economic and Information Commission aims to create a trillion-level industry by focusing on new sectors such as smart terminals, commercial aerospace, and low-altitude economy during the 14th Five-Year Plan period [3][10] - The People's Bank of China has increased its gold reserves for the 15th consecutive month, with reserves reaching 74.19 million ounces by the end of January 2026 [3] - A new national standard for prepared dishes has been proposed, prohibiting the use of preservatives and limiting shelf life to one year [4] - The China Securities Regulatory Commission has issued guidelines for the issuance of asset-backed securities tokens overseas, emphasizing compliance with cross-border investment and data security regulations [7] - The Shanghai Gold Exchange has adjusted margin levels and price limits for several gold and silver contracts, reflecting changes in market conditions [8] - The recent penalties imposed on Kuaishou Technology for failing to manage content effectively highlight the increasing regulatory scrutiny on internet platforms [12] - Ruihua Jewelry has faced significant financial difficulties, leading to the freezing of its bank accounts and a change in its stock designation to "ST Ruihua" due to liquidity issues [13] - Guotou Ruijin Fund has established a working group to address investor concerns following valuation adjustments in its silver LOF fund [14] - Rongbai Technology is facing a potential fine of 4.5 million yuan for misleading statements regarding a major contract with CATL [15] - Tian Sheng New Materials and Yahui Long have both been investigated by the CSRC for suspected violations of information disclosure regulations [16][17] - This week, there is one new stock subscription and a total of 31 companies will have their restricted shares released, amounting to a total market value of 36.29 billion yuan [18]

Core Viewpoint - The stock ETF market has experienced significant net outflows since the beginning of the year, with a total reduction of nearly 700 billion yuan, primarily driven by a decrease in shares rather than market declines [1][2][3]. Group 1: ETF Market Overview - As of February 6, the total scale of stock ETFs is approximately 3.14 trillion yuan, down nearly 700 billion yuan since the start of the year [3][6]. - The net outflow of stock ETFs has been observed for 17 out of the 25 trading days since the beginning of the year, with a peak single-day net outflow exceeding 130 billion yuan [3][6]. - The largest net outflows have been recorded in major ETFs such as Huatai-PB CSI 300 ETF, which saw a net outflow of 196.54 billion yuan, and both E Fund and Huaxia's CSI 300 ETFs, each with net outflows exceeding 100 billion yuan [5][6]. Group 2: Share Reduction and Performance - The share reduction in major ETFs has been substantial, with declines of 40% to over 60% in various products, including the Huatai-PB CSI 300 ETF, which saw a 46.57% drop in shares [2][6]. - Despite the outflows, the average performance of stock ETFs has been positive, with an average increase of 3.59% since the beginning of the year [8]. - Specific ETFs, such as the Southern CSI 500 ETF, have recorded significant outflows while still achieving positive returns, indicating a disconnect between fund flows and market performance [8]. Group 3: Institutional Insights and Future Outlook - Institutional investors remain cautious about short-term market risks, leading to the observed outflows, but they maintain a generally optimistic outlook for the investment landscape in 2026 [2][10]. - The market is expected to shift from liquidity-driven dynamics to profit-driven and performance-validated trends, with a focus on the intrinsic resilience of A-shares and Hong Kong stocks [2][10]. - Analysts suggest that the ongoing regulatory measures and the evolving market environment will continue to influence investor behavior and capital allocation strategies [9][11].

校对：李凌锋 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 问：当地时间2月6日下午，巴基斯坦首都伊斯兰堡发生严重爆炸事件，造成重大人员伤亡。 请问中方对此有何评论？ 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 答：中方对巴基斯坦首都伊斯兰堡发生严重爆炸事件造成重大人员伤亡深感震惊，对遇难者 表示深切哀悼，向伤者和遇难者家属表示诚挚慰问。 中方强烈谴责此次袭击事件，反对一切形式的恐怖主义，坚定支持巴基斯坦政府维护国家安 全稳定、保护人民安全的努力。 外交部发言人就巴基斯坦首都伊斯兰堡发生严重爆炸事件答记者问。 来源：央视新闻 责编：叶舒筠 证 券 时 报 新 媒 体 矩 阵 高 15 12 JJA TH 人民财讯 券商中国 e公司 数据宝 全景财经 北证 新財富 CHDD TRustway 期货回报 杂志 资讯 新财富 期货日报 创业资本汇 北证资讯 信托百佬汇 te 识别二维码关注 证券时报微信公众号 点击下载app 高级 屏幕下方点个赞， 天天抓牛股！ END 点击关键字可查看 潜望系列深度报道丨 ...

"向太空，要算力！" 马斯克近日在一次访谈中表示，未来3年内，太空将成为部署AI（包括数据中心等）最具经济性的地点。地球能源增长面临多重瓶颈，而太空中 太阳能的效率高出数倍，且无需应对昼夜、天气、大气层等影响。 他表示，未来"仿真数字人类"（即AI）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的延续目标一致。 2026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。 此外，马斯克日前再次就美国债务问题发出严厉警告，并表示，若没有人工智能（AI）和机器人技术，美国肯定会破产。 马斯克在近期的一次访谈中提出了颇有"天马行空"意味的观点。他认为，随着地球上的电力增长受阻，太空将成为AI部署的最佳场所，人类可能 在三年内实现这一愿景。他计划通过SpaceX每年向轨道发射100吉瓦算力，目标是超越地球算力总和。 马斯克指出了AI背后能源供给的现实情况：除中国外，全球电力产出增长近乎停滞。而芯片算力需求呈指数级增长，地面能源供给无法匹配。随 着芯片产能释放，到今年年底，人类将面临芯片不断堆砌却无法开机的局面。 "在地面扩大电力规模，比在太空扩大更困难。太空中太阳能板的效率 ...

李亚鹏在2月7日的直播中首次公开回应，证实董宇辉在嫣然天使儿童医院陷入关停危机 后，第一时间通过中间人捐赠了大额款项。他特别强调两人此前素不相识，并透露捐款 金额"不是小钱，不是100万，也不是200万，比这要高，还挺多"。 李亚鹏在当天的直播中说："一个人做了好事，而且是真金白银做了事情，不敢说，这是 他的问题吗？" 责编：叶舒筠 校对：许欣 版权声明 由于董宇辉本人要求保密具体金额，致使公众误以为其未捐款，进而引发网络对其攻击。但 也有声音 认为，"低调行善不应成为被攻击的理由"。 相关数据显示，最近30天，李亚鹏共直播13场，上架商品874个，直播销量超百万。场均销 售额5000万元至7500万元。最近10天内，3场销售破亿，其中1月30日销售额最高，超过 1.8亿元。2月7日的达人榜中，李亚鹏超过与辉同行，排名第1。 综合自：第一财经、 极目新闻 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小 ...

以下文章来源于e公司 ，作者证券时报 聂英好 上周机构调研热情不减，Wind数据显示，截至2月6日16时，共有113家A股上市公司披露机构投资者调研记录。从赚钱效应来看，五成机构调研公司上 周股价上涨，泽润新能以70.84%周涨幅位居榜首，欧莱新材涨32.25%，三角防务涨19.14%，锐明技术、三夫户外、亚玛顿、国能日新、惠而浦等公司涨 超10%，其中泽润新能、欧莱新材、国能日新、环旭电子、通达创智等公司近期股价创历史新高。 热门标的方面，耐普矿机、环旭电子、大金重工上周接受百家以上机构调研，奥比中光、华大智造、国能日新、锐明技术等公司接受50家以 上机构调研。 耐普矿机终止投资海外矿山项目 耐普矿机（ 300818 ）上周接受113家机构调研。2月3日晚间，耐普矿机公告将终止认购瑞士维理达资源股权，并同步放弃对哥伦比亚 Alacran铜金银矿项目的后续投资，引发机构关注。 对于终止投资哥伦比亚矿山项目的原因，耐普矿机在调研中称，一是股权交割条件发生较大变动，收购款项支付条款发生较大变化，增加项 目未来风险；二是项目资源所在国哥伦比亚的政治、经济环境、政策、法律法规变化风险上升；三是公司风险承受能力有限，本 ...

Core Viewpoint - The article highlights the significant growth and future plans of Pop Mart, emphasizing its expansion in global markets and the importance of art and culture in the current technological era [1][2]. Group 1: Company Growth and Achievements - By 2025, Pop Mart aims to have over 10,000 global employees, more than 100 million registered members, and annual sales of over 100 million units for its LABUBU series, with total product sales exceeding 400 million units [1]. - The company plans to expand its business to over 100 countries and regions, with more than 700 global stores and six supply chain bases, creating over 200,000 jobs [1]. - As of February 6, Pop Mart's stock price reached 243.2 HKD per share, marking a three-month high [2]. Group 2: New Product Launches and Market Response - Recent product launches, including the PUCKY Knock Knock series and the Starry People series, have gained significant popularity, with reports of sold-out items and high resale prices on secondary markets [2]. - The hidden variants of the PUCKY Knock Knock series and Starry People series are selling at premiums of 2-3 times and 3-6 times, respectively, while regular variants see price increases of 70% to 200% [2]. - Citigroup believes that the market undervalues Pop Mart's IP vitality and incubation capabilities, suggesting that investor confidence may rise with the successful launch of new products and the initiation of a share buyback plan [2].

7日在米兰冬奥会单板滑雪男子大跳台决赛中， 中国的卫冕冠军苏翊鸣以总分168.50分夺铜，这也 是中国代表团本届赛事的首枚奖牌。 在难度飙升的激烈竞争中，日本选手木村葵来和木俣椋真凭借更稳健的发挥包揽前两名。四 年前，苏翊鸣在北京冬奥会上凭借两个1800旋转动作夺冠，四年后在米兰，1980旋转动作几 乎成为每名决赛选手的必备技能。苏翊鸣三跳都完成了1980，只是第二和第三跳都出现了手 扶地的失误。 "能够站上领奖台，我觉得更多的是为自己骄傲。今天不管什么成绩，我都可以说付出了全 部，没有任何保留，也没有遗憾。"苏翊鸣在赛后表示。 2月7日，中国选手苏翊鸣在比赛中。新华社记者 胡超 摄 决赛共进行三轮滑行，取其中两轮最好成绩相加排名。按照规则，前两轮按照资格赛成绩倒 序出发；第三轮出场顺序改为前两跳总分倒序，这也让比赛悬念一直延续到最后一跳。 苏翊鸣在首轮滑行选择正脚内转1980的动作。他起跳充分，抓板干净，稳稳落地后获得 88.25分，在所有选手中暂列第二，仅次于拿到89.00分的木村葵来。第二跳，苏翊鸣在完成 反脚内转1980落地时双手扶地，仅得到73.75分。 两轮结束，苏翊鸣总分162.00暂列第二，排 ...

Core Viewpoint - The article discusses the recent adjustments in precious metal repurchase policies by China Gold and other leading gold retailers due to significant fluctuations in gold prices and increasing market uncertainties [1][3]. Group 1: Company Actions - China Gold announced the suspension of its precious metal repurchase business during non-trading days starting February 7, 2026, to enhance risk management and operational efficiency [1]. - Other companies, such as Caibai Co., also announced similar adjustments to their repurchase policies, including limits on repurchase amounts during operational hours [3]. Group 2: Market Trends - The gold market has experienced notable volatility, with the latest price of gold T+D at 1111 RMB per gram, reflecting a 2.97% increase from the previous trading day, but down 11.47% from a recent high of 1255 RMB per gram [1]. - China Gold's stock price saw significant fluctuations, peaking at 14.85 RMB per share on January 30, 2023, a 77.21% increase from 8.38 RMB per share on January 22, but subsequently fell by 23.1% to 11.42 RMB per share by February 6 [2]. Group 3: Economic Insights - Analysts from CITIC Futures suggest that the current bull market in precious metals is primarily driven by a contraction in dollar credit, indicating a shift in gold's pricing mechanism from interest rate assets to physical currency [4]. - The report highlights that the ongoing rise in debt levels in developed countries and the strengthening trend of de-globalization are contributing to increased demand for gold as a safe-haven asset [4].

韩国加密货币交易所Bithumb2月7日发布公告，称其在一次促销活动奖励发放过程中操作失误，误向用户发放了总计62万枚比特币，按当时价格计算 价值超440亿美元（现汇率约合 3056.36亿元人民币）。 该事件引发平台内比特币价格短时大幅下挫，Bithumb已就此致歉，并称绝大部分误发资产已被追回。 根据Bithumb说明，该起事故发生在周五（2月6日）晚间。 交易所原本打算向参与者支付每人2000至50000韩元的中奖金额（相当于人 民币9.5元至237元），却把单位输成了比特币。 责 编：叶 舒 筠 校 对：许 欣 今年以来，加密货币持续走低。比特币价格较去年10月创下的创纪录高点12.6万美元下跌超过40%。预测平台Polymarket显示，比特币年 内有82%的概率会跌至6.5万美元下方，跌破5.5万美元的概率也已升至约60%。分析认为，在这一轮大跌后，比特币的上涨动能、市场叙 事以及"避险资产"的标签几乎同时瓦解。 Jefferies经济学家Mohit Kumar在一份报告中表示，软件和科技股、加密货币和贵金属的持仓都很重，投资者正在调整头寸。他表示，市 场对加密货币矿商的担忧正在加剧，并担心如果价 ...