难 得的 是， 受去年全球贸易摩擦 、 美国货币政策等因素影响， 市场一度遭遇波动，但汇添富凭借 规则化的运作和资产驱动力的分散配置，将最大回撤控制在小范围内，表现出较高的收益性价比 。 其中 ，汇添富鑫享添利 六个月持有A 过去一年 净值 上涨 5.35%（业绩基准2.52%），但 区间最 大回撤 仅-0.73% ； 汇添富添添乐双鑫A净值 上涨5.94 %（ 业绩 基准 2.56 %），最大撤回 仅-0.9 7 %；汇添富保鑫A 净值 上涨 4 . 75 %（ 业绩 基准 0.39% ），最大回撤仅-1.01% ； 汇添富稳健增益一年持有A净值上涨5.55%（业绩基准2.57%），最大回撤-1.32%，为中低风险偏 好投资者创造了良好的投资体验 。 数据来源：过去一年指202 5/ 1 / 1-2025 /12/31， 业绩 经托管行复核，业绩基准、最大回撤来自汇添富，排名数据 来自银河证券基金评价中心，汇添富添福吉祥A 、汇添富民安增益A、汇添富稳健添益一年持有期 的同类基金指普通偏债 型基金(股票上限不高于30%)(A类)，具体排名分别是：10/313、25/313、32/313；汇添富盈润的同类基金 ...

Group 1 - The core viewpoint of the article highlights the contrasting performance of U.S. markets, with tech stocks declining while defense stocks surged significantly [2][5][15]. - The U.S. stock market showed mixed results on January 8, with the Dow Jones rising over 100 points, while the Nasdaq index, heavily weighted with tech stocks, experienced a decline [2][15]. - Chinese assets saw a broad increase, with the Chinese concept stock index rising over 1% and both major Hong Kong indices gaining [3]. Group 2 - Defense stocks experienced a notable surge, with companies like Lockheed Martin, Northrop Grumman, and Kratos Defense & Security Solutions seeing significant price increases [5]. - Lockheed Martin's stock rose by 7.44%, closing at $533.84, with a trading volume of 1.87 million shares and a market capitalization of $123.7 billion [6][7]. - Trump's proposal to increase the defense budget to $1.5 trillion by 2027 has contributed to the bullish sentiment in the defense sector, emphasizing the need for a strong military amid geopolitical tensions [14]. Group 3 - The Nasdaq index faced pressure primarily due to declines in major tech stocks, with Nvidia and Apple among those experiencing significant drops [16]. - The semiconductor sector, including companies like Micron Technology and Intel, also saw substantial declines, with Micron down 5.12% and Intel down 3.70% [17]. - Market analysts suggest that profit-taking and geopolitical risks are influencing the current market dynamics, as investors await upcoming earnings reports and employment data [18].

Core Viewpoint - The article discusses a recent incident at a Haidilao hotpot restaurant where a child threw a diaper into the cooking pot, leading to legal actions and financial repercussions for the company [2][3]. Incident Summary - On December 31, 2025, at a Haidilao location in Xuzhou, a two-year-old child threw a diaper into the dining pot, prompting the restaurant to dispose of the pot and report the incident to the police [3]. - This is not the first extreme incident for Haidilao; a previous event in February 2025 involved two minors urinating in a hotpot, which resulted in legal consequences and a court ruling requiring them to apologize and compensate Haidilao 2.2 million yuan [4][6]. Financial Impact - The "urination incident" led to significant financial losses for Haidilao, including full refunds to 4,109 customers and cash compensation amounting to ten times the order value [6]. - Analysts estimate that the compensation from the recent diaper incident could reach between 15 million to 18 million yuan, impacting the company's current financial results [7]. - Haidilao's financial performance showed a revenue of 20.703 billion yuan in the first half of 2025, a year-on-year decline of 3.7%, and a net profit of 1.755 billion yuan, down 13.7% year-on-year [7]. Market Performance - As of January 8, 2025, Haidilao's stock closed at 13.99 HKD per share, reflecting a decline of 1.96%, with a total market capitalization of 77.98 billion HKD [8].

Core Viewpoint - Xiaopeng Motors held its 2026 Global New Product Launch Conference, unveiling four new models and signaling its ambition to transition from a traditional car manufacturer to a technology-driven company, including plans for humanoid robot mass production by 2026 [3][4][5]. Group 1: New Model Launches - Xiaopeng Motors launched four new models on January 8, including the 2026 Xiaopeng P7+ (pure electric + super range), Xiaopeng G7 super range version, 2026 Xiaopeng G6 pure electric version, and 2026 Xiaopeng G9 version [5][8]. - The company aims to accelerate its product launch pace, planning to release over ten new models in 2026, including refreshed models, entirely new vehicles, and Robotaxi (autonomous taxis) [9][11]. Group 2: Strategic Direction - Xiaopeng Motors is implementing its "one car, dual energy" strategy, expanding its technology roadmap from pure electric vehicles to super range vehicles starting in the second half of 2025 [7][10]. - The company ranked third among new car manufacturers in terms of delivery volume in 2025, with a total of 429,400 vehicles delivered globally, representing a year-on-year growth of 126% [13]. Group 3: Technological Advancements - In 2026, Xiaopeng Motors plans to launch the second-generation VLA (Vision-Language-Action) large model, which will be integrated into the newly launched models, enabling L4-level autonomous driving capabilities [15][17]. - The second-generation VLA model is currently being trained to enhance L4-level assisted driving capabilities, with Robotaxi already passing third-party testing and set to begin public road testing [19][20].

从过往履历来看，刘小军曾任建设银行国际业务部业务副经理、房地产金融业务部业务经理，中信信托投资有限责任公司（后更名为中信 信托有限责任公司）信托业务二部高级经理、副总经理及总经理，中信信托有限责任公司信托业务八部（筹）副总经理（主持工作），中 信信托有限责任公司业务总监、副总经理等。加入渝农商行前，刘小军还曾任中国宏桥集团有限公司非执行董事，重庆发展投资有限公司 党委书记、董事长。 刘小军获批出任渝农商行董事长，也标志着该行管理层正式进入新阶段。据悉，在渝农商行2025年中期业绩发布会上，刘小军作为党委书 记出席，并首次公布了该行全新的发展蓝图：计划用五年左右时间，将渝农商行打造成为一家科技型、产业型和生态型的世界一流现代化 农村商业银行，在保持西部第一、全国领先市场地位的基础上持续扩大竞争优势。 去年曾新添一名"80后"副行长 去年，渝农商行人事变动频频，近半数董事发生更迭。值得一提的是，去年底，渝农商行新添了一名副行长。2025年12月23日，渝农商行 发布公告称，经该行董事会审议，同意聘任刘祎为该行副行长，相关任职资格待监管核准。 【导读】渝农商行董事长刘小军任职资格获批，去年还曾新添一名"80后"副行 ...

Group 1 - The core viewpoint of the article highlights the personnel change at Guojin Securities, with former chief analyst Jiang Tao from GF Securities joining as the deputy director and chief analyst for public utilities and environmental coal industries [2] - Jiang Tao has a background in financial engineering with bachelor's and master's degrees from Wuhan University and has been involved in environmental industry research since 2018 and public utilities research since 2022 [2][4] - Jiang Tao aims to simplify complex research conclusions and transform dull data into engaging research, focusing on leading the research on dividend assets at Guojin Securities [4] Group 2 - The article notes that Jiang Tao's joining coincides with the deepening of the Guojin Securities Research Institute's 3.0 reform, which has seen a significant increase in research personnel to nearly 180, forming over 30 teams covering various sectors [4] - The director of the research institute, Su Chen, emphasizes the importance of collaborative, digital, and forward-looking research, aiming to enhance the influence and pricing power of core research teams [4] - The article suggests that the landscape of sell-side research institutions will continue to evolve, with increasing demands for research depth, industry chain linkage, and forward-looking insights [4]

Group 1 - The core viewpoint of the article highlights that active equity funds in China are reopening for large subscriptions as the A-share market returns to 4000 points, reaching a nearly 10-year high [2][4] - Multiple fund companies, including Huaxia, China Universal, and Xinda Australia, have announced the resumption of large subscriptions for their active equity funds, indicating a positive market sentiment [2][4] - The reopening of subscriptions is seen as a strategy to attract new capital and align with institutional investment trends, particularly as insurance companies begin reallocating equity assets after year-end settlements [5][6] Group 2 - Analysts predict that the A-share market is likely to continue strengthening in 2026, driven by improved global liquidity and the acceleration of AI-related industries [8][9] - Investment opportunities in 2026 are expected to focus on commodity price-driven sectors and emerging industries, particularly those related to AI and specific materials for energy storage [8] - The overall investment environment is anticipated to be supportive, with a shift towards a more favorable structural development phase in the A-share market [9]

Core Viewpoint - Ping An Life has increased its stake in China Merchants Bank (CMB) H-shares to 20%, reflecting a trend of insurance funds actively investing in bank stocks due to their high dividend yields in a low-interest-rate environment [2][4][8]. Group 1: Investment Actions - Ping An Life has made its fourth announcement regarding its stake in CMB H-shares, now holding 20% of the total H-share capital [2][3]. - Previously, Ping An Life had announced similar increases in its stake in Agricultural Bank of China (ABC) H-shares, also reaching 20% [4][8]. - The investment in CMB H-shares amounts to a book value of approximately 43.956 billion yuan, representing 0.78% of the total assets as of the last quarter [4]. Group 2: Regulatory Context - According to regulations, any entity holding more than 5% of a commercial bank's shares must obtain approval from the financial regulatory authority [9]. - The increase in stakes by Ping An Life in both CMB and ABC indicates a strategic move to secure high-yield assets amid a scarcity of investment opportunities [8]. Group 3: Market Reactions - The President of CMB has expressed welcome for long-term capital investments, indicating that these investors do not seek board seats, which suggests a focus on financial investment rather than operational control [10][12]. - Long-term investments are seen as beneficial for stabilizing the stock valuation of CMB, reflecting confidence in the bank's management and future performance [11].

【导读】湖南省农村信用社联合社党委副书记、副理事长、主任蒋俊文接受纪律审查和监察调查 2022年，中国华融退出华融湘江银行，蒋俊文辞去该行董事、董事会风险管理委员会主任委员、行长职务。 2024年12月，湖南金融监管局批复，核准蒋俊文湖南省农村信用社联合社理事、副理事长、主任的任职资格。直至此次主动投案，蒋俊文 担任湖南省联社主任的职务仅1年。 中国基金报记者 晨曦 金融反腐最新通报来了！ 1月8日，中央纪委国家监委官网通报：湖南省农村信用社联合社党委副书记、副理事长、主任蒋俊文涉嫌严重违纪违法，主动投案，目前 正接受湖南省纪委监委纪律审查和监察调查。 公开信息显示，蒋俊文出生于1970年2月，湖南湘阴人，中共党员，工学硕士，工程师。 蒋俊文早期曾在建设银行株洲分行工作多年。2003年，蒋俊文离开建行株洲分行，调任株洲市石峰区副区长。2005年，蒋俊文回归银行 业，出任株洲市商业银行行长。 2011年，株洲市商业银行与湘潭市商业银行、衡阳市商业银行等地方银行合并重组，成立华融湘江银行（现湖南银行），株洲市商业银行 更名为华融湘江银行株洲分行。蒋俊文继续担任该分行行长，后进入华融湘江银行总行担任副行长。 华融湘 ...

中国基金报 晨曦 综合整理 雀巢召回婴幼儿配方奶粉一事，持续发酵！ 据国家市场监督管理总局官微1月8日消息，国务院食安办、市场监管总局督促雀巢（中国） 有限公司做好相关批次婴幼儿配方乳粉召回工作。 【导读】国务院食安办、市场监管总局督促雀巢（中国）有限公司做好相关批次婴幼儿配方 乳粉召回工作 英国食品标准局1月6日在一份食品安全警报中介绍，蜡样芽孢杆菌具有高度热稳定性，因 此，在烹饪、使用沸水或冲调婴儿奶粉的过程中不太可能被灭活或破坏。这种细菌可能引发 食物中毒，且症状可能迅速出现，包括恶心、呕吐、胃部痉挛等。 1月7日，雀巢（中国）方面回应称，雀巢欧洲部分市场对婴幼儿配方奶粉产品启动了预防性 回收措施，中国市场少数产品可能受到影响。作为预防性举措，已经对部分特定批次的婴幼 儿配方奶粉进行了回收。 近日，雀巢公司在欧洲部分国家预防性召回特定批次婴幼儿配方乳粉产品。国务院食安办、 市场监管总局对此高度重视，第一时间督促雀巢（中国）有限公司认真落实企业主体责任， 召回在中国境内销售的相关批次产品，切实维护消费者合法权益。雀巢（中国）有限公司已 按要求实施召回。国务院食安办、市场监管总局将持续强化监管，做好相关工作 ...