【导读】中国核工业集团有限公司原党组副书记、总经理顾军被查 中国基金报记者 晨曦 反腐重磅消息来了！ 1月19日，中央纪委国家监委官网通报：中国核工业集团有限公司原党组副书记、总经理顾军 涉嫌严重违纪违法，目前正接受中央纪委国家监委纪律审查和监察调查。 公开简历显示，顾军，男，汉族，1963年6月生，江苏启东人，毕业于上海交通大学核动力 工程专业。高级管理人员工商管理硕士，研究员级高级工程师。1983年7月参加工作，1989 年4月加入中国共产党。 顾军曾任秦山第三核电有限公司副总工程师、副总经理，三门核电有限公司副总经理、党委 副书记、总经理、党委书记，国家核电技术公司董事、总经理、党组成员等职务。 2015年，顾军任中国核工业建设集团公司总经理、董事、党组副书记。2018年，顾军任中国 核工业集团有限公司董事、总经理、党组副书记。 另外，顾军还曾任上市公司中国核建的董事长。2018年10月，中国核建公告称，顾军因个人 原因申请辞去公司董事长、董事职务。 2024年3月，中国核工业集团有限公司发布关于总经理发生变动的公告。根据国务院下发的 相关文件，顾军不再担任中国核工业集团有限公司董事、总经理等职务。 此 ...

Market Overview - The Hong Kong stock market experienced a decline, primarily driven by weak performances in the financial and technology sectors. The Hang Seng Index fell by 1.05% to close at 26,563.90 points, while the Hang Seng Technology Index dropped by 1.24% to 5,749.98 points, and the Hang Seng China Enterprises Index decreased by 0.94% to 9,134.45 points [4][5]. Sector Performance - Major technology stocks showed collective weakness, with Alibaba down by 3.49% and a trading volume of approximately HKD 11.7 billion. Other notable declines included Meituan, JD.com, and Tencent, each falling over 1% [7][8]. - AI application stocks continued their downward trend, with companies like YaoShibang, Ping An Good Doctor, and Alibaba Health experiencing declines of 5.44%, 4.41%, and 3.53% respectively. MINIMAX-WP, Huizhong Technology, and Zhipu saw drops exceeding 10% [10][12]. Biotech Sector - The Hang Seng Biotech Index fell by 3.06%, with key constituents such as Kelun-Biotech, InnoCare Pharma, and BeiGene also closing lower. Despite this, the CRO industry is reportedly improving, with a positive outlook for 2026 due to increased demand for innovative drugs and a recovering financing environment [14][15]. Safe-Haven Assets - The gold sector showed resilience, with international gold prices reaching historical highs, pushing up the prices of Hong Kong-listed gold companies like Datang Gold and Mengjin Garden, which rose by 8.77% and 5.38% respectively [17][18]. Company News - New World Department Store China saw a significant stock price increase of 29.51%, closing at HKD 0.395 per share. This surge followed recent announcements of management changes within the company [20][21].

【导读】中国农业发展银行专家委员会原研究员黄小卫接受纪律审查和监察调查 2025年3月，中国农业发展银行广东省分行召开成立30周年座谈会，黄小卫以"原广东分行行 长"的身份参加活动。 中国基金报记者 晨曦 金融反腐最新消息来了！ 1月19日，中央纪委国家监委官网通报：中国农业发展银行专家委员会原研究员黄小卫涉嫌严 重违纪违法，目前正接受中央纪委国家监委驻中国农业发展银行纪检监察组纪律审查和湖南 省永州市监委监察调查。 公开信息显示，黄小卫曾在中国农业发展银行工作多年，曾任广西分行副行长、广东分行党 委副书记、副行长，以及西藏分行党委书记、行长等职务。 2019年5月，中国农业发展银行官微发文称，西藏分行以重点客户工程为着力点推进业务高 质量转型发展。2018年底以来，西藏分行先后组织多次深入调研，成立了以区分行党委书 记、行长黄小卫为组长的"一体化"营销工作领导小组。黄小卫带队先后四次前往北京、成都 等地，主动营销对接各大发电集团，确保了华电集团金沙江上游梯级水利水电扶贫项目和国 电投光伏扶贫项目的及时落地。 中国农业发展银行广东省分行官微显示，2024年10月，该分行召开专题学习会议，研讨政策 性金融助力海 ...

【导读】浙江证监局：金永荣操纵证券市场，对其采取3年证券市场禁入措施 中国基金报记者 晨曦 知名"大V"操纵股票市场，监管罚单来了！ 1月19日，浙江证监局公布行政处罚决定书显示，没收金永荣违法所得4162.39万元，并处以 同等金额的罚款，采取3年证券市场禁入措施。 来看详情—— 在证券投资领域 具有较大知名度和影响力 截至2025年4月，其雪球"金浤"账号粉丝数量超过10.7万人，2024年9月至2025年4月期间 发布帖文的单篇平均阅读量高达130万次。 记者注意到，目前相关雪球账号已无法查询，但微信公众号"金浤实盘"、小红书账号"金 浤"等仍可查询。相关账号介绍均包括"雪球金浤""淘股吧24届启航杯实盘赛冠军"等内容。 2024年9月2日至2025年4月16日，金永荣知晓其荐股行为具有影响力，在其雪球"金浤"账 号公开发文评价、推荐"启迪环境""路维光电""光华科技"等32只股票，并控制相关账户组在 荐股后的当日或次日进行大量反向卖出交易。 按当日及次日卖出口径计算，金永荣的交易金额合计630,594,337.30元，违法所得合计 41,623,864.21元。 上述违法事实，有相关证券账户开户资料与 ...

【导读】SK海力士宣布将向全体员工发放人均超1.36亿韩元绩效奖金 中国基金报记者 安曼 1月19日，据韩媒报道，全球内存芯片行业的三巨头之一SK海力士宣布，将向全体员工发放 人均超1.36亿韩元（约合64万元人民币）的绩效奖金，创公司历史最高纪录。 根据股东参与计划，员工可以选择将其年终奖的最多50%以公司股票形式领取。持有这些股 票满一年的员工，将获得相当于购买金额15%的额外现金奖励。例如，一位获得1亿韩元年终 奖的员工如果选择顶格持股，将获得价值5000万韩元的股票。若持有一年，该员工还将额外 获得750万韩元。 2024年，由于半导体行业低迷，SK海力士推出了该计划。但由于当年仅发放了慰问金而未发 放绩效奖金，因此当时未能实施。该计划从去年开始向员工提供购股选择。 随着去年下半年劳资双方达成的新指南于本月底生效，SK海力士员工的奖金金额预计将大幅 增加。根据新协议，此前绩效奖金发放最高限额为1000%（即10个月基本工资）的规定已被 废除。取而代之的是，以上一年度营业利润的10%作为年终奖，其中80%的绩效奖金在当年 发放，剩余20%分两年递延发放，并享受每年10%的利息。 鉴于SK海力士去年全年营 ...

Core Viewpoint - Multiple private equity firms in China have initiated self-purchase actions, indicating confidence in the market and their own products [2][4][6]. Group 1: Self-Purchase Actions - Jiu Yang Run Quan Capital announced that its chairman and fund manager, Hu Jun Cheng, personally subscribed to new fund shares worth RMB 10 million [2][5]. - Yuan Fang Fund declared a self-purchase of no less than RMB 4 million for its Yuan Fang Han Ze Growth No. 1 private equity fund [2][5]. - Self-purchase actions by private equity firms are seen as a way to align the interests of managers and investors, alleviating investor concerns and enhancing product competitiveness [6]. Group 2: Market Confidence - The A-share confidence index for hedge fund managers recorded 124.94 in January 2026, a slight increase of 0.48% from December 2025, indicating improved confidence in the market [8]. - The average position of subjective long-bull strategy private equity funds was 78% as of December 2025, with 93.8% of funds maintaining positions above 50%, reflecting stable market engagement [8]. - Analysts expect a continuation of the spring market rally due to increased market activity and improved liquidity [8]. Group 3: Investment Focus - Resource and technology sectors are highlighted as key investment areas for many private equity firms, with a focus on scarce resources and high-quality companies expanding globally [10]. - Investment strategies include maintaining high positions in cyclical industries, benefiting from AI advancements, and focusing on monopolistic industries with high dividend rates [10].

Core Insights - The monthly active users (MAU) of securities apps reached 175 million in December 2025, marking a 1.75% month-on-month increase and a 2.26% year-on-year increase, achieving a new monthly high for the year [4][3] - Throughout 2025, the MAU of securities apps experienced a recovery after a dip in the middle of the year, with a significant rebound in November leading to a peak at year-end [4][2] - The competition for traffic between third-party platforms and brokerage self-operated apps intensified, with brokerages accelerating the integration of AI technology in advisory and trading scenarios to enhance service models and user experience [4][12] Monthly Active Users Overview - In December 2025, the MAU for securities apps was 175.32 million, with notable monthly changes: November had 172.30 million (up 2.06% month-on-month) and October had 168.82 million (down 3.38% month-on-month) [5][4] - The MAU trend for 2025 showed a starting point of 161.84 million in January, peaking in December after a recovery phase post-May [4][5] Leading Apps and Market Dynamics - The top three securities apps by MAU in December were Tonghuashun (36.70 million), Dongfang Caifu (18.22 million), and Dazhihui (12.97 million) [6][5] - Among brokerage self-operated apps, Huatai's Zhangle Wealth reached over 12 million MAU, followed by Guotai Haitong Junhong with 10.40 million [6][5] - The number of brokerage apps with an average monthly active user count exceeding 6 million increased to 14 in 2025, indicating a growing concentration in the market [8][7] AI Technology Integration - The application of AI technology in the securities industry has accelerated, with multiple brokerages launching intelligent tools across key areas such as intelligent research, trading, and advisory services [12][11] - Notable advancements include the upgrade of trading robots by Galaxy Securities and the introduction of AI advisory platforms by various brokerages, enhancing service efficiency and user experience [13][12] - Despite the current limitations of AI tools in guaranteeing stable investment returns, their functionality is expanding, addressing various investment challenges and improving investors' capabilities in data analysis and strategy formulation [12][13]

Group 1 - European and US stock index futures fell sharply, with European futures down 1.33% [2] - The A-share market showed a mixed performance, with the Shanghai Composite Index up 0.29% and the ChiNext Index down 0.7% [3] - A total of 3,527 stocks rose, while 1,828 stocks declined, indicating a broad market activity [4] Group 2 - Gold stocks surged, with Sichuan Gold and Zhaojin Mining hitting the daily limit [6] - Electric grid equipment stocks also saw significant gains, with multiple stocks like China Xidian and Jicheng Electronics reaching the daily limit [8] - Commercial aerospace concept stocks rebounded, with Hangfa Control and others hitting the daily limit [9] Group 3 - In the decline category, computing hardware stocks fell sharply, with Cambridge Technology hitting the daily limit down and Ruijie Networks dropping over 10% [12][13] - The Nikkei 225 index in Asia fell by approximately 0.6%, while the Seoul Composite Index surpassed 4,900 points, reaching a new high [14] - Analysts noted that Asian markets showed resilience compared to European and US markets, attributed to the unexpected willingness of the US to let European allies bear the brunt of trade tensions [18]

据新华社，美国总统特朗普17日在社交媒体上宣布，将从2月1日起对来自丹麦、挪威、瑞 典、法国、德国、英国、荷兰和芬兰的输美商品加征10%关税，并宣称加征关税的税率将从6 月1日起提高至25%，直到相关方就美国"全面、彻底购买格陵兰岛"达成协议。 来源：新华社 对此，外交部发言人郭嘉昆19日在例行记者会上表示，中方已经多次阐明在格陵兰岛问题上 的立场。以联合国宪章宗旨和原则为基础的国际法是现行国际秩序的基础，必须得到维护。 ...

Core Viewpoint - The article discusses the release of the "Guiding Opinions on the Construction of Zero Carbon Factories" by five Chinese government departments, emphasizing the importance of reducing carbon emissions in industrial sectors and promoting green transformation through zero carbon factory initiatives [2][3]. Group 1: Overall Requirements - The initiative is guided by Xi Jinping's thoughts on ecological civilization and aims to enhance industrial efficiency and promote green transformation across the entire industrial chain [7]. - The construction of zero carbon factories will follow principles such as tailored strategies for different industries, innovation-driven approaches, continuous improvement, and transparency in carbon emissions reporting [8][9]. Group 2: Main Goals - The plan includes a phased approach, starting with industries that have urgent decarbonization needs and are primarily electricity consumers, with a goal to select a batch of zero carbon factories by 2026 [10]. - By 2027, the initiative aims to establish zero carbon factories in sectors like automotive, lithium batteries, photovoltaics, electronics, light industry, machinery, and computing facilities, with further expansion to high carbon intensity industries by 2030 [10]. Group 3: Construction Pathways - Establishing a carbon emission accounting management system is crucial for accurate data support in zero carbon factory construction [11]. - Transitioning to a green and low-carbon energy structure is essential, encouraging the use of renewable energy sources and technologies such as distributed solar and wind power [12]. - Improving energy efficiency through systematic optimization of production processes and adopting advanced technologies is a key focus [13]. - Promoting zero carbon supply chain management and conducting carbon footprint analysis for key products will drive collaborative decarbonization across the industry [14]. - Enhancing digital and intelligent management capabilities will facilitate precise measurement and control of energy consumption and carbon emissions [14]. - Carbon offsetting and information disclosure are necessary to achieve and maintain near-zero carbon emissions [14]. Group 4: Work Requirements - Local industrial and information departments are encouraged to develop specific implementation plans for zero carbon factory construction, promoting collaboration among government, enterprises, and markets [15]. - A comprehensive standard system for zero carbon factories is to be established, providing scientific and practical guidelines for management and evaluation [16]. - The promotion of comprehensive services for energy saving and carbon reduction is essential, including technology transfer and international cooperation [17].