Core Viewpoint - The article emphasizes the importance of leveraging the unique advantages of the Guangdong-Hong Kong-Macao Greater Bay Area to seize new investment opportunities presented by the Belt and Road Initiative, especially in the context of the uncertain international geopolitical landscape [2]. Group 1: Investment Opportunities - Chinese enterprises are deepening investment cooperation with countries along the Belt and Road, with non-financial direct investment maintaining rapid growth [5]. - The investment direction of Chinese capital is shifting from traditional energy and infrastructure to emerging fields such as green energy, advanced manufacturing, digital economy, artificial intelligence, and life sciences [6]. - The asset management industry must enhance its understanding of emerging industries and frontier technologies while establishing a robust investment framework to balance risk management and returns [6]. Group 2: Risks in Investment - The article identifies three main risks in cross-border asset allocation: compliance risk, funding risk, and uncertainty in political, legal, and cultural environments of some Belt and Road countries [8]. - Compliance risk arises from stricter global financial regulations, requiring asset management institutions to maintain consistent compliance standards across different jurisdictions [8]. - Funding risk is influenced by exchange rate fluctuations, capital controls, and market liquidity changes, necessitating diversified asset allocation to mitigate single market risks [8]. Group 3: Role of Hong Kong - Hong Kong serves as a "super connector" and "super value creator," linking domestic resources with international markets, thereby enhancing the Greater Bay Area's competitiveness in global resource allocation [9]. - Under the "One Country, Two Systems" framework, Hong Kong has established a common law system and international regulatory rules, making it a crucial international financial hub for Belt and Road investments [9]. Group 4: Technological Innovation in the Greater Bay Area - The Greater Bay Area is positioned as one of China's three major international technology innovation centers, with the "14th Five-Year Plan" marking a critical period for its development [10]. - The focus of technological innovation will be on strategic emerging industries such as artificial intelligence, life sciences, high-end manufacturing, new energy, and the digital economy, which require long-term capital and cross-regional collaboration [10]. - Asset management institutions are encouraged to adopt a long-term investment logic that combines industry understanding with strategic allocation, enhancing overall investment efficiency [10].

Core Viewpoint - The article highlights the performance of various sectors in the Hong Kong stock market, with a focus on the semiconductor sector's strength and the significant rise in the stock price of Zhizhu due to its collaboration with Huawei on an AI model [2][4][9]. Market Performance - On January 16, the Hong Kong stock market indices collectively declined, with the Hang Seng Index at 26,844.96 points, down 0.29%, and a total market turnover of HKD 255.1 billion [2][3]. - The semiconductor sector showed resilience, with Huahong Semiconductor rising by 7.39% following the easing of export regulations for NVIDIA's H200 chips to China [4]. Company-Specific Developments - Zhizhu's stock price reached a new high of HKD 263 per share, reflecting an increase of over 8% during the trading session. The stock closed at HKD 250, with a trading volume of HKD 1.045 billion [9]. - The rise in Zhizhu's stock is attributed to the successful launch of the GLM-Image model, developed in collaboration with Huawei, which quickly gained popularity on the Hugging Face platform [9]. Sector Insights - The new consumption concept stocks, including Pop Mart, experienced a decline, with Pop Mart falling by 5.60%. A report from Bank of America suggests that the Chinese consumption sector may see a "low first, high later" trend by 2026 [6]. - CICC's Liu Gang emphasized the importance of structural opportunities in the Hong Kong market, recommending a focus on four key sectors: AI, dividend stocks, cyclical stocks, and consumer stocks [10].

Group 1 - Wang Zeping, former Secretary of the Party Committee and Director of the Sichuan Banking Regulatory Bureau, was expelled from the Party and public office due to serious violations of discipline and law [2][3] - The investigation revealed that Wang Zeping lost his ideals and beliefs, deviated from his original mission, neglected regulatory responsibilities, and failed to implement the Party Central Committee's decisions on financial work effectively [2] - Wang Zeping was found to have fabricated evidence to resist organizational review, violated organizational principles, and concealed personal property matters, using his position to benefit others in promotions and job adjustments [3] Group 2 - Wang Zeping's actions constituted serious violations of the Party's political, organizational, and integrity disciplines, leading to severe misconduct and suspected bribery crimes [3] - Despite the Party's disciplinary measures after the 18th, 19th, and 20th National Congresses, Wang Zeping did not cease his misconduct, indicating the severity and negative impact of his actions [3] - The decision to expel Wang Zeping from the Party and public office was made by the Party Committee of the National Financial Supervision Administration, and his illegal gains were confiscated [3]

【导读】西贝和罗永浩的"口水战"再度升级！ 西贝贾国龙发声： 今晚10点， 将就罗永浩对西 贝的重大污蔑诽谤一一全面回应，要求认真道歉并赔偿损失 中国基金报记者 张舟 今日午后，西贝和罗永浩的"口水战"再度升级！ 1月16日，西贝贾国龙发文： 各位好，我是贾国龙，一会儿上高铁。 今晚10点，我们将就罗永浩对西贝的重大污蔑诽谤一一全面回应。 在回应前，请罗永浩先就四个月来在冷冻有机西蓝花事情上欺骗全国网友(你总不能说自己是 刚知道的吧)，给西贝，给无数宝妈，给全国餐饮业造成的危害， 认真道歉，并赔偿相应损失 。 罗永浩最新发长文回应西贝闭店102家：没见过一个企业仅仅因为被黑就能倒闭的，称自己两次主动收 手 1月16日 下午3点，罗永浩通过个人社交账号发布长文，再次提及预制菜争议。 称自己不懂公关，只是踏踏实实做实业："我贾国龙不懂公关，我是一个踏踏实实做了38年实业，带领 一万七千人为顾客做服务的人，我为什么要懂公关？是不是这个世界上不会诡辩的普通人就该被欺辱？ "这次关闭的102家门店在一季度陆续完成，所有不得不离职的员工，工资一分钱不会差。所有顾客 储值卡随时可用在其他门店，想退卡的立刻就退。有些接了年夜 ...

Core Viewpoint - The recent policy from the China Securities Regulatory Commission (CSRC) allows target date funds that transition after maturity to remain in the personal pension product catalog, reflecting a commitment to the stability and continuity of personal pension services [2][4]. Group 1: Policy Announcement - The CSRC has clarified that target date funds included in the personal pension product catalog will retain their status even after transitioning to regular funds by the end of 2025 [4][5]. - As of now, 210 funds have been included in the personal pension product catalog, with 82 being target date funds [4]. Group 2: Rationale for the Decision - The decision is based on three main considerations: 1. The investment style and strategy of the transitioned funds remain stable and clear, aligning with the long-term investment goals of personal pensions [5]. 2. Retaining these funds in the catalog helps maintain business continuity and enhances the investment experience for pension investors [5]. 3. Target date funds are designed as lifecycle products, and their continued presence in the catalog aligns with their operational logic [5]. Group 3: Fund Transition Details - Four target date funds are set to transition by the end of 2025, with a combined scale of 344 million yuan and over 40,000 holders as of Q3 2025 [7]. - The transitioned funds will maintain a low-risk profile, consistent with their previous investment strategies, ensuring they meet the needs of retirees seeking asset preservation and stable cash flow [8][9]. Group 4: Impact on Investors - The policy enhances the predictability and stability of the personal pension system, encouraging long-term participation from investors and improving their overall experience [9]. - The regulatory framework aims to foster trust in the personal pension system, promoting its healthy and sustainable development [9].

依托两大支点，全球托管服务差异化优势明显。 招商银行托管业务始终以 " 致力于成为专业 更精、科技更强、服务更佳的客户首选全球托管银行 " 为愿景，持续完善全球托管网络布 局。作为首家在香港和新加坡开展托管业务的股份制商业银行，招商银行通过全球托管服务 网络，覆盖超 100 个主要金融市场，满足中资机构 " 走出去 " 和跨境资本 " 引进来 " 需 求，提供一站式综合解决方案。 香港作为粤港澳大湾区的核心，也是招商银行全球托管业务的桥头堡 。作为首批拿到 13 号 公募托管牌照的中资托管行， 招商银行全球托管香港中心以专业服务能力与高效服务水平， 持续巩固在公募基金等领域的托管优势，为客户提供多元化服务体系，赋能客户全球资产配 置。此外，随着招商银行全球托管新加坡中心的正式展业，进一步强化招商银行全球托管业 务能力，助力中资机构行稳致远拓展全球市场。 在全球经济深度融合与我国坚定不移推进高水平对外开放的宏大背景下，加快构建 " 双循环 " 发展新格局已成为国家战略纵深推进的关键路径。粤港澳大湾区作为 " 国家重大战略平台 " 和 " 改革开放前沿阵地 " ，承载着服务国家高水平双向开放、促进金融市场内外联通 ...

Core Viewpoint - The article emphasizes that any measures capable of severely punishing "Taiwan independence" elements are considered options by the Chinese government [5]. Group 1 - The spokesperson of the Ministry of National Defense, Zhang Xiaogang, addressed recent military-related issues on January 16 [4]. - The article discusses concerns in Taiwan regarding the possibility of China adopting a similar approach to the U.S. in Venezuela to justify actions against Taiwan, highlighting that the costs and risks would be significantly higher [5]. - It asserts that the Taiwan issue is purely an internal matter for China, and external forces have no right to interfere [5].

| 880005 张庆云 >> | | | | --- | --- | --- | | E | 涨停 | 57 | | 涨幅 | > 7% | 170 | | 张唱 | 5-7% | 148 | | 涨幅 | 3-5% | 336 | | 涨幅 | 0-3% | 1717 | | 跌幅 | 0-3% | 2371 | | 跌幅 | 3-5% | 368 | | 跌幅 | 5-7% | 111 | | 跌幅 | > 7% | 123 | | 草中 | 跌停 | 57 | | 张家教 | | 2371 | | 供家药 | | 2973 | | 第二章 | | 128 | | 总品种数 | | 5472 | | 息成 | | 30565.24亿 | | 总成交 | | 168242.5万 | | 张芝 『曾』 | | -365 | | 涨家增幅 | | -13.34% | | 指数量比 | | 0.86 | 大家好，今天的市场，小幅调整问题不大。一起看看发生了什么事情。 1月16日，A股三大指数小幅下跌。截至收盘， 沪指跌0.26%，深成指跌0.18%，创业板指跌0.2%。 市场共 2371只个股上涨，67只个股涨 ...

来源： 央视新闻客户端 问：据报道，有台湾民调显示，超60%受访民众表示不愿自己或家人上战场。请问对此有何 评论？ 答：这再次说明岛内绝大多数民众要的是和平、发展、交流、合作，不希望看到两岸对立对 抗，甚至兵戎相见。赖清德当局倒行逆施、谋"独"引战，其"和平破坏者""危机制造者""战争 煽动者"的面目会被越来越多的人识破。我相信，没有人愿意当"台独"炮灰，"台独"分裂势力 违背民意，终将被扫进历史垃圾堆。 1月16日下午，国防部新闻发言人张晓刚大校就近期涉军问题发布消息。 ...

据辽宁日报消息，1月16日下午，大连市第十七届人民代表大会第五次会议举行第三次全体会 议， 选举李强为大连市人民政府市长 。 来源： 辽宁日报、政事儿 公开简历显示，李强，男，汉族，1968年11月生，大学学历，硕士学位，中共党员。 他曾任辽宁省沈阳市委常委、市委秘书长，营口市委书记等职，2024年任辽宁省副省长。 A股大消息！证监会刚刚发布 2025年 12月，李强任大连市人民政府副市长、代市长。 据介绍， 大连是我国北方重要的港口、贸易、工业、金融和旅游城市，是沿海重要的中心城 市，现代海洋城市，国际性综合交通枢纽城市。陆地面积1.37万平方公里，海岸线长2211公 里。全市下辖10个县（市）区，其中2个县级市、1个县、7个市辖区；102个街道、33个 镇、14个乡、920个行政村、892个社区，常住人口754.4万人。 ...