来源：新华社 报道称，特朗普倾向于对伊朗进行军事干预，并于13日向其国家安全团队"阐明了对伊 朗军事行动所应达成的目标"，而"美国国防部则为此制定了行动方案"，这一方案定于 14日提交给特朗普。 les & FR 点击下载中国基金报客户端 ■ 中国基金报内容矩阵 ■ 巅峰对话 投资热点说 ETF风向标 IPO情报站 fe o 1 ■ a a - 444 and 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND 开盘速递 港股日报 全球早班车 数说人物 √ � [ 8 a 4 a g a d 4 4 4 CHINAFUND CHINAFUND CHINAFUND CHINAFUND ●微信搜一搜( 〔 〔 中国基金报 〕即刻获取财经资讯 特朗普被曝希望对伊朗的军事打击快速且具决定性 美国全国广播公司新闻台网站14日援引消息人士的话说，美国总统特朗普向其国家安 全团队表示，他希望任何对伊朗的军事行动均为"快速、决定性打击"，而不是一场持 续数周或数月的持久战。 报道援引消息人士的话说："如果特朗普决定采取行动，他希望这是一次决定性的行 动。" ...

Core Viewpoint - The public offering Fund of Funds (FOF) has gained significant attention and inflow of capital recently, marking a notable shift in the market after years of stagnation [2][5]. Group 1: Recent Trends in FOF - In the past week, a particular fund company reported over 200 million yuan inflow into its FOF products, with "fixed income plus" products receiving the most capital [4]. - The recent surge in FOF popularity has led to several fund companies implementing purchase limits to manage inflows effectively [7][8]. - The FOF market has seen a significant increase in purchase limits compared to previous years, with 14 announcements of purchase suspensions or limits in 2026 alone, compared to 39 for the entire year of 2025 [8]. Group 2: Bank Channel Influence - The rise in FOF interest is attributed to the active role of bank channels, with products like the "TREE Long-term Profit Plan" from China Merchants Bank gaining popularity among clients seeking alternatives to traditional savings [10][11]. - The "TREE Long-term Profit Plan" is a comprehensive asset allocation solution that includes FOFs, catering to clients looking for low-risk, higher-yield products as interest rates decline [11]. - Other banks, such as China Construction Bank, are also launching FOF products, indicating a broader trend of banks focusing on FOFs as part of their wealth management offerings [12][13]. Group 3: Market Growth and Future Potential - The public FOF market has shown remarkable growth, with a total fundraising of 845.29 billion yuan in 2025, an increase of over 800% year-on-year, reaching a new high since 2022 [16]. - As of November 2025, the total scale of public FOFs reached 2,355.44 billion yuan, a nearly 70% increase compared to the end of 2024, although this still represents less than 1% penetration of the overall public fund industry, which totals 37 trillion yuan [16]. - Industry experts believe there is substantial growth potential for public FOFs in China, driven by product innovation, investment strategies, and enhanced sales channels [16].

Core Viewpoint - Qianwen App has integrated with Alibaba's ecosystem, enabling AI shopping functionalities that allow users to perform complex tasks in real life, marking a shift from conversational AI to practical assistance [2][4]. Group 1: AI Shopping Functionality - The integration allows users to place orders, make payments, and complete transactions without switching between different applications, showcasing a seamless user experience [4]. - Qianwen App can provide personalized shopping recommendations based on user needs and Alibaba's extensive product database, effectively closing the loop from decision-making to transaction [6]. - Alibaba has become the first technology company globally to offer multi-category AI shopping capabilities, outpacing competitors like Google [6]. Group 2: Technical Integration and Model Training - The success of Qianwen App's AI shopping is attributed to its unique "model + ecosystem" integration, which addresses challenges in decision trust and payment processes [6]. - Training the model to discern and understand complex marketing information is crucial for maintaining objectivity and accuracy in AI shopping [8]. - The app's capabilities extend beyond shopping to include various life services, allowing users to access government services and complete tasks with simple voice commands [8]. Group 3: Cross-Application Collaboration - Qianwen App demonstrates strong cross-application capabilities, enabling users to book flights, hotels, and make dining reservations through integrated services [9]. - Recent advancements in the underlying technology have significantly improved the app's ability to handle complex tasks and understand various forms of input [9]. - The "task assistant" feature is being tested, which supports multi-step planning and complex task execution across different scenarios, with plans for free user access post-testing [9].

【导读】 A 股市场震荡，有色金属、基础化工领涨；多只前期高位股跌停，现货白银盘中跳 水 中国基金报记者 晨曦 大家好！来一起关注最新的市场行情和资讯～ 1 月 15 日， A 股主要指数开盘集体飘绿，盘中短暂翻红后再度回调。截至发稿，上证指数 跌 0.27% ，深证成指跌 0.02% ，创业板指跌 0.59% 。 | 最高：4133.07 | 今开:4106.22 | 成交量：2.75亿手 | 换手:0.60% | | --- | --- | --- | --- | | 最低：4104.42 | 昨收:4126.09 | 成交额：4760.61亿 | 量比: 1.90 | | 52周最高: 4190.87 | 上涨：749 | 振幅:0.69% | 平盘:93 | | 52周最低: 3040.69 | 下跌:900 | 总市值: 67.25万亿 | | | 分时 | 五日 日K 周K 月K 季K 年K 120分 60分 30分 15分 5分 1分 | | | 区间统计 | 全屏显示 | | --- | --- | --- | --- | --- | --- | | 最新:4116.08 -10.01 -0. ...

Group 1 - The core viewpoint is that President Trump is monitoring the situation in Iran, indicating that he has received information suggesting that "the killing has stopped" and that the U.S. will observe the developments closely [1][2] - Trump expressed hope that the information about the cessation of violence is accurate and stated that the U.S. has not ruled out military intervention in Iran, depending on how the situation unfolds [2] - Iranian Foreign Minister Zarif urged the Trump administration to seek diplomatic solutions to avoid repeating past mistakes, asserting that the situation is currently calm and under control [2] Group 2 - Recent protests in Iran have led to unrest and casualties, prompting Trump to threaten military intervention multiple times [2]

【导读】现货白银大幅跳水，跌幅扩大至 7% 在贵金属期货不断走高之下，交易所出手降温。芝加哥商品交易所集团（ CME Group ）于 当地时间 1 月 12 日发布通知，宣布对黄金、白银、铂金和钯金期货合约的保证金设定方式 进行调整。根据新规，相关合约的保证金将从原先以固定美元金额为主的计算方式，转变为 按照合约名义价值的一定比例进行计算。 东方金诚研究发展部高级副总监瞿瑞认为，白银价格持续走高由两方面因素驱动：一方面， 美国 2025 年 12 月 CPI 数据低于预期，导致市场对美联储今年 3 月降息的押注升温，利好 银价上行；另一方面，近日美国政府与美联储的矛盾，也加剧了市场对美联储独立性、政策 稳定性以及资产安全的担忧，从而推动资金流入贵金属领域避险。 平安证券认为，美国政府带来的不确定性、美国债务问题持续以及科技产业主导地位弱化共 振演绎下，美元信用预计将进一步走弱，白银货币属性有望持续驱动。此外白银长周期供给 端刚性持续，海外制造业重建有望打开需求空间，供需基本面持续向好。 兴业证券认为，银价长期中枢抬升，工业属性放大弹性。美元周期定方向，金银长期中枢上 移的趋势不变；工业属性扩弹性，当经济周期 ...

伊朗高级将领：伊朗处于最高战备状态 伊朗伊斯兰革命卫队航空航天部队司令马吉德·穆萨维14日说，伊朗当前处于最高战备状态， 导弹储备量自2025年以来有所增加。 来源：新华社 伊朗宣布暂时关闭领空 据24小时飞行雷达网站发布的消息，伊朗发布航行通告说，于北京时间15日6时15分暂时关 闭其领空，仅允许获得正式许可进出伊朗的国际航班通行。预计禁飞时间将超过两个小时。 美国向中东地区调遣航母打击群 据美国媒体14日报道，美军正将"亚伯拉罕·林肯"号航母打击群调往中东地区，预计需要约一 周时间。 阿拉格齐13日与阿联酋副总理兼外长阿卜杜拉通话时表示，伊朗近期发生的骚乱系以色列和 美国煽动部分"恐怖分子"破坏和平示威活动所致。阿拉格齐强调，伊朗人民决心捍卫国家主 权和安全，反对任何邪恶势力和外国干涉。 同一天，阿拉格齐与土库曼斯坦副总理兼外长梅列多夫举行电话会谈，介绍伊朗近期局势，并 表示部分假借媒体名义散布虚假信息的"恐怖组织"近期活动有所加剧。 阿拉格齐近日还同法国外交部长巴罗通电话，就双边关系及领事事务等议题交换意见。阿拉格 齐呼吁国际社会反对外部势力干涉伊朗内政，并指出伊朗近期的抗议活动在"受外国训练的恐 怖分 ...

Core Viewpoint - The private equity market in China is experiencing a "good start" in 2026, with a notable increase in demand for quality subjective strategies and sustained interest in quantitative strategies [1][3]. Group 1: Market Trends - The Shanghai Composite Index has surpassed 4100 points, leading to a surge in private equity fundraising, exemplified by Shanghai Fusheng Asset's 10 billion yuan product that sold out in seconds [1]. - The current private equity issuance and sales show a "structured good start," with quantitative strategies maintaining high popularity and some outstanding subjective strategy products also experiencing "instant sell-out" phenomena [1][3]. - Compared to last year, the pace of private equity sales has accelerated, with investors showing increased demand for equity assets and quicker decision-making [1][7]. Group 2: Investor Behavior - Existing clients remain the primary source of funding, with new client entry being relatively slow but showing a growth trend [8][9]. - High-net-worth individuals continue to dominate subscription activities, with a notable increase in the willingness of ultra-high-net-worth clients to increase their allocations [8][9]. Group 3: Strategy Focus - Institutions are focusing on high-growth sectors, with a dual investment strategy that includes waiting for results in the innovative drug sector and embracing explosive growth opportunities in AI applications [11]. - The innovative drug sector is expected to capture 20% to 30% of the global market share in the next decade, indicating a significant growth potential [11]. - New consumption and the AI industry chain are identified as key focus areas for investment, driven by long-term growth logic and short-term performance support [12].

Group 1 - The article highlights the increasing tensions in the region due to the U.S. escalating threats against Iran, prompting the U.S. military to evacuate personnel from the Al Udeid Air Base in Qatar by January 14 [2] - The Chinese Embassy in Qatar advises Chinese citizens and enterprises to closely monitor news reports and enhance security measures in light of the ongoing situation [2]

Core Viewpoint - The article discusses the share transfer agreement signed by the controlling shareholder of Huibo Pu (002554), which will result in a change of the company's controlling shareholder and actual controller, potentially enhancing the company's operational capabilities and competitiveness [2][4][5]. Group 1: Share Transfer Agreement - Huibo Pu's controlling shareholder, Shuiye Group, signed a share transfer agreement with Baili Equipment Group, transferring 341 million shares (25.60% of total shares) at a price of 3.44 yuan per share, totaling 1.175 billion yuan [4]. - Before the transfer, Shuiye Group held 30.52% of the company's shares, and the actual controller is currently the Changsha State-owned Assets Supervision and Administration Commission [5]. - The transfer is subject to approval from relevant state-owned asset authorities and antitrust reviews by the National Market Supervision Administration [5]. Group 2: Impact of the Share Transfer - Baili Equipment Group operates in the machinery and equipment industry, focusing on smart electrical equipment, green energy equipment, and general machinery, which aligns with Huibo Pu's strategic goals [5]. - The company believes that the introduction of Baili Equipment Group as the controlling shareholder will enhance its operational resilience, competitiveness, and support its strategic transformation and healthy development [5]. - The change in controlling shareholder and actual controller is not expected to significantly alter the company's main business or adversely affect its financial status and independence [5]. Group 3: Company Overview and Financial Performance - Huibo Pu is an international provider of comprehensive solutions for oil and gas resource development, focusing on efficient and clean energy production [6]. - For the first three quarters of 2025, the company reported revenue of 1.608 billion yuan, a slight decrease of 0.17% year-on-year, while net profit attributable to shareholders was 10.53 million yuan, an increase of 113.73% [6]. - Prior to the suspension, the company's stock price closed at 3.55 yuan per share, reaching the daily limit [6].