央行副行长邹澜1月15日在国新办新闻发布会上表示，下调各类结构性货币政策工具利率0.25个百分点，各类再贷款一年期利率降至1.25%，其他期 限档次利率同步调整。完善结构性工具并加大支持力度，进一步助力经济结构转型优化。 ...

2025年9月，西贝遭遇"预制菜风波"，贾国龙称之为西贝成立以来最大的一次外部危机。同年12月，贾国龙在接受媒体采访时表示："我认 错，我向顾客认错，我向员工认错，也向我自己认错。" 据悉，西贝去年持续发放大额消费券，累计金额超3亿元。在最近的一次专访中，贾国龙表示，2026年1月，门店生意同比下滑50%。 据中国新闻周刊， 近日， 网传西贝会议中称将一次性关闭全国102家门店，占门店总数的30%。1月15日，西贝餐饮创始人贾国龙确认了该消息属 实。 ...

Core Viewpoint - TSMC reported strong fourth-quarter earnings driven by robust demand for AI chips, achieving a 35% year-over-year profit growth, marking the eighth consecutive quarter of profit increase [2][3]. Financial Performance - Revenue reached NT$1.046 trillion (approximately RMB 230.85 billion), a 20.5% year-over-year increase and a 5.7% quarter-over-quarter increase, surpassing expectations of NT$1.034 trillion (approximately RMB 228.20 billion) [3]. - Net profit was NT$505.74 billion (approximately RMB 111.62 billion), reflecting a 35% year-over-year growth and an 11.8% quarter-over-quarter increase, exceeding the forecast of NT$478.37 billion (approximately RMB 105.58 billion) [3]. - Gross margin stood at 62.3%, up from 59.0% in the previous quarter, while operating margin improved to 54.0% [3]. Revenue Breakdown - Advanced chips (7nm and below) accounted for 77% of TSMC's total wafer revenue, with 3nm technology contributing 28%, 5nm at 35%, and 7nm at 14% [5][6]. - High-performance computing (HPC) and smartphones represented 55% and 32% of net revenue, respectively, with IoT, automotive, and data communication devices contributing smaller shares [8]. Future Outlook - TSMC plans to significantly increase capital expenditures, projecting between $52 billion to $56 billion for 2026, following a total of $40.9 billion in 2025 [10][11]. - The company anticipates nearly 30% growth in sales in dollar terms by 2026, driven by AI accelerators and other growth platforms including smartphones and automotive sectors [11].

Core Viewpoint - The article highlights the emergence of China's first gold ETF with a scale exceeding 100 billion yuan, driven by rising gold prices and capital inflows [1] Group 1: ETF Growth - The Huaan Gold ETF has surpassed 100.76 billion yuan, with a recent increase of 1.413 billion yuan, bringing the total fund shares to 10.162 billion [1] - Since the beginning of 2025, the fund's scale has increased by 72.106 billion yuan, representing a growth rate of over 200% [1] Group 2: Market Comparison - The total scale of seven ETFs tracking SGE Gold 9999 has reached 231.151 billion yuan [1] - Other notable ETFs include E Fund Gold ETF, Bosera Gold ETF, and Guotai Gold ETF, each exceeding 30 billion yuan, with respective scales of 38.71 billion yuan, 37.147 billion yuan, and 32.584 billion yuan [1]

Core Viewpoint - The article highlights that Chinese stocks are expected to outperform their US counterparts in the remaining part of the year, driven by relatively low valuations, RMB appreciation, and favorable policies [1][2]. Group 1: Market Performance - As of January 14, the CSI 300 index has risen approximately 2.4% year-to-date, while the Hang Seng Index has increased by about 5.3%, both surpassing the S&P 500's gain of around 1.2% during the same period [2]. - In 2025, the CSI 300 and Hang Seng indices rose by 18% and 28%, respectively, compared to a 16% increase in the S&P 500 [2]. Group 2: Valuation and Investment Sentiment - Analysts suggest that the revaluation of Chinese stocks is ongoing, as their relatively low valuations compared to US stocks are becoming increasingly hard for global investors to ignore [2]. - Tiger Securities notes that while US markets may not have peaked, they are at a cyclical high, making them more susceptible to negative macroeconomic factors [2]. - The valuation multiples of the Chinese stock market have returned to historical median levels, indicating that while not cheap, they are not overly expensive either [2]. Group 3: Future Projections - Tiger Securities forecasts that the average annual return for US stocks will decline to a range of 3% to 5% over the next five to seven years due to high valuations, persistent inflation risks, and uncertain Fed rate cuts [3]. - In contrast, Tiger Securities is optimistic about the Chinese stock market, setting a target for the Hang Seng Index at 30,000 points by the end of 2026, an 11% increase from current levels, and a target of 5,000 points for the Shanghai Composite Index, a 21% increase [3]. - Goldman Sachs has raised its year-end target for the CSI 300 index to 5,200 points, a 9% increase from the recent closing price, and has upgraded its earnings growth forecast for Chinese companies from 4% in 2025 to 14% in 2026 and 2027 [3][4]. Group 4: Support Factors for Chinese Stocks - Chinese stocks are supported by multiple factors, including continuous improvement in innovation capabilities, broader applications of artificial intelligence, and potential inflows of household savings and foreign capital [4].

Group 1 - The article emphasizes the importance of timely and professional information interpretation in investment decision-making, focusing on extracting investment value from significant events and analyzing industry chain companies [1] - The company holds the leading market share in the domestic segment of intelligent driving and vehicle networking, with multiple lightweight assisted driving solutions receiving targeted approvals [1] - The company has launched low-speed unmanned driving vehicles, and the revenue proportion from intelligent driving is continuously increasing, indicating a strong growth trajectory [1] Group 2 - The company has secured ongoing orders for multiple generations of intelligent cockpits, showcasing its capability in providing comprehensive connected service products [1]

Core Viewpoint - The article highlights the completion of the first sale of Venezuelan oil by the United States, valued at $500 million, with expectations of more sales in the coming days and weeks [1] Group 1 - The U.S. government has successfully executed the first sale of Venezuelan oil, amounting to $500 million [1] - Additional oil sales from Venezuela are anticipated in the near future [1] - The U.S. military conducted a significant operation on January 3, targeting Venezuelan President Maduro and his wife, asserting control over the country [1]

今日早盘，A股市场冲高回落，创业板指跌超1%，科创50指数盘中跌超2%。沪深两市半日成交额1.87万亿，较上个交易日缩量3472亿。盘面上热点 较为杂乱，全市场超3600只个股下跌。 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 从板块来看， 旅游酒店板块表现活跃， 众信旅游2连板，陕西旅游涨停。有色金属板块走高，四川黄金、罗平锌电涨停。商业零售概念局 部拉升，新华百货、新华都双双2连板。 下跌方面， 商业航天、AI应用方向大跌，高位人气股集体退潮， 省广集团、浙文互联、银河电子、金风科技、鲁信创投、杭萧钢构、航天 电子等多股跌停。截至收盘，沪指跌0.6%，深成指跌0.44%，创业板指跌1.02%。 ...

面对这一挑战，研究团队独辟蹊径，创新性地提出并发展了一种引导晶体内应力"自刻蚀"的新方法。研究人员发现，二维钙钛矿单晶在生长 过程中会自然累积内部应力，团队巧妙设计了一种温和的配体-溶剂微环境，能够选择性地激活并利用这些内应力，引导单晶在特定位置发 生可控的"自刻蚀"，从而形成规则的方形孔洞结构。随后，通过快速外延生长技术，将不同种类的半导体材料精准回填，最终在单一晶片内 部构筑出晶格连续、界面原子级平整的高质量"马赛克"异质结。 "这种全新的加工方法，不是通过'拼接'不同材料，而是在同一块完整晶体中，引导它自身进行精密的'自我组装'。 "张树辰解释道，"这意 味着，未来我们有可能在一块极薄的材料上，直接'生长'出密集排列的、能发出不同颜色光的微小像素点，为未来的高性能发光与显示器件 的发展，提供一种全新的备选材料体系和设计思路。" 研究人员表示，此项研究首次在二维离子型材料体系中，实现了对横向异质结结构的高质量、可设计性构筑，突破了传统工艺的局限，其展 现的驾驭晶体内应力与动力学新范式，实现了单晶内部功能结构的可编程演化，为研究理想化界面物理提供了全新平台，也为低维材料的集 成化与器件化开辟了新的路径。 据 ...

多只宽基ETF今日显著放量， 沪深300ETF华泰柏瑞（510300）成交近105亿，上证50ETF（510050）、科创50ETF易方达（588080）、沪深300ETF 易方达（510310）均成交超20亿元，且已经超出昨日全天成交额。 ...