一、同意中国太平洋财产保险股份有限公司富平支公司将营业场所变更为：陕西省渭南市富平县乔山路 100号炬升逸景苑商住楼第一幢南号商铺1-2层。 2026年1月15日，国家金融监督管理总局渭南监管分局发布批复称，《中国太平洋财产保险股份有限公 司渭南中心支公司关于富平支公司变更营业场所的请示》(渭太保产〔2025〕54号)收悉。经审核，现批 复如下： 二、中国太平洋财产保险股份有限公司应按照有关规定及时办理变更及许可证换领事宜。 ...

Market Performance - The pharmaceutical sector experienced a decline of -1.18% on January 15, 2025, underperforming the CSI 300 index by 1.38 percentage points, ranking 25th among 31 sub-industries in the Shenwan classification [1] - Among sub-industries, other biological products (-0.04%), hospitals (-0.75%), and medical consumables (-0.77%) performed relatively well, while pharmaceutical distribution (-2.57%), medical devices (-2.51%), and offline pharmacies (-2.11%) lagged behind [1] - Top three gainers included Shanhe Pharmaceutical (+20.01%), Duori Pharmaceutical (+11.48%), and Yahong Pharmaceutical (+7.69%); top three losers were Sunflower (-20.00%), Hongbo Pharmaceutical (-20.00%), and Huaren Health (-19.99%) [1] Industry News - Ipsen announced that the FDA has granted breakthrough therapy designation for its investigational monoclonal antibody IPN60340, which is used in combination with Ven-Aza for the treatment of newly diagnosed acute myeloid leukemia (AML) patients who are not suitable for intensive therapy [2] - The designation is based on data from the Phase 1/2 EVICTION trial, showing that patients receiving the combination treatment had a nearly doubled complete remission rate compared to historical standard treatment data, particularly in subtypes that typically respond poorly to standard treatment [2] - IPN60340 targets BTN3A, a key immune regulatory molecule widely expressed in various cancers, promoting the recognition and elimination of tumor cells by γ9δ2 T cells [2] Company News - Saint Noble Bio (688117) announced an expected net profit attributable to shareholders of 152-190 million yuan for 2025, representing a year-on-year growth of 204.42%-280.53%, with a non-recurring net profit expected to be 149-186 million yuan, reflecting a growth of 226.07%-307.58% [3] - Yipinhong (300723) reported similar profit expectations for 2025, with a net profit forecast of 152-190 million yuan and a non-recurring net profit of 149-186 million yuan, both showing significant year-on-year growth [3] - Chutian Technology (300358) expects to achieve a net profit of 235-300 million yuan for 2025, marking a turnaround from losses in the previous year, with a non-recurring net profit forecast of 135-200 million yuan [3] - Ganli Pharmaceutical (603087) received approval from the Ethiopian National Food and Drug Administration for the registration of its insulin glargine injection and pre-filled pen, allowing for import and sale in Ethiopia [3]

Core Viewpoint - The article discusses the recent actions taken by the National Internet Information Office and the Ministry of Industry and Information Technology to address online misconduct in the automotive industry, highlighting specific cases of accounts and platforms that have engaged in harmful practices [1][3]. Group 1: Online Misconduct Cases - Accounts such as "万能的大熊" and others have been reported for continuously posting derogatory information that incites consumer group conflicts, leading to personal attacks on users of specific automotive brands [3]. - Accounts like "Blood旌旗" have been involved in maliciously hyping negative topics about automotive companies, attacking both the companies and their leaders, thereby damaging their reputations [3]. - The account "金融飒姐喵掌门" has distorted the interpretation of automotive companies' financial reports, exaggerating financial data fluctuations as signs of a "financial crisis," which misleads the public about the prospects of certain electric vehicle companies [4]. Group 2: Industry Impact - Platforms such as "汽车之家" and "太平洋汽车" have been conducting non-standard evaluations, disrupting the market order in the automotive industry by providing misleading assessments of vehicle quality and performance [4].

Core Viewpoint - The National Financial Supervision Administration's Zhangye Regulatory Bureau has approved the change of business location for China Pacific Property Insurance Co., Ltd.'s Shandan Branch to a new address in Zhangye City, Gansu Province [1] Group 1 - The new business location for China Pacific Property Insurance Co., Ltd.'s Shandan Branch is specified as: South Shop, 2nd Floor, Segment C, Harmony Community, Aili Road, Shandan County, Zhangye City, Gansu Province [1] - The company is required to present the approval document and related materials to the National Financial Supervision Administration's Zhangye Regulatory Bureau within 10 days to exchange for the insurance license [1] - The company must also handle the announcement matters in accordance with relevant regulations in a timely manner [1]

Core Viewpoint - Pacific Securities experienced a decline of 2.04% in stock price on January 15, trading at 4.32 yuan per share, with a total market capitalization of 29.446 billion yuan [1] Group 1: Stock Performance - As of January 15, Pacific Securities' stock price has increased by 5.11% year-to-date, with a 3.35% rise over the last five trading days and a 5.62% increase over the last 20 days, while it has decreased by 3.79% over the last 60 days [1] - The company reported a net outflow of 69.36 million yuan in principal funds, with significant selling pressure observed [1] Group 2: Financial Performance - For the period from January to September 2025, Pacific Securities achieved an operating revenue of 1.037 billion yuan, representing a year-on-year growth of 19.88%, and a net profit attributable to shareholders of 246 million yuan, reflecting an 80.26% increase [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Pacific Securities reached 365,200, an increase of 2.59% from the previous period, while the average circulating shares per person decreased by 2.52% to 18,666 shares [2] - The top ten circulating shareholders include significant institutional investors, with notable increases in holdings from various ETFs [3]

Market Overview - On January 13, 2026, the equity market saw a majority of sectors decline, with the Shanghai Composite Index and Shenzhen Composite Index falling by 0.64% and 1.42% respectively. The CSI 300 and CSI 500 indices decreased by 0.60% and 1.28% respectively. The Shenwan Real Estate Index dropped by 1.67% [1] Individual Stock Performance - The top five gainers in the real estate sector were Daming City, Tibet Urban Investment, Rongfeng Holdings, Huali Family, and Nandu Property, with increases of 4.37%, 2.20%, 1.91%, 1.80%, and 1.79% respectively. Conversely, the largest decliners included Chengjian Development, Suzhou High-tech, Rongsheng Development, Hefei Urban Construction, and China Wuyi, with declines of -9.93%, -6.61%, -6.59%, -5.49%, and -5.46% respectively [2] Industry News - In Yinchuan, Ningxia, a dynamic adjustment mechanism for newly transferred commercial housing land has been implemented. The measures, effective from January 13, aim to promote stable and healthy development in the real estate market. They include linking residential land assessment prices to surrounding property sales prices, allowing installment payments for land transfer fees, and enhancing land use efficiency. Additional benefits for families with multiple children include increased public housing loan limits [3] - On January 13, three residential land parcels in Chengdu Tianfu New Area were successfully auctioned for a total of 9.27 billion yuan. The total land area was 55,000 square meters (approximately 82.55 acres), with a total planned construction area of 110,000 square meters. The Sichuan Urban Renewal Group won the auction at the starting price [4] Company Announcements - Xiamen C&D Inc. announced the issuance of its second short-term financing bond for 2026, amounting to 1 billion yuan with a term of 180 days. The bond will be used to supplement working capital for trade-related expenditures. The issuance date is set for January 14, 2026, with interest payments commencing on July 14, 2026 [5] - China Merchants Shekou Industrial Zone Holdings Co., Ltd. announced the interest payment arrangement for its first medium-term note of 2022, totaling 645 million yuan with an interest rate of 3.3%. The interest payment date is scheduled for January 26, 2026, with maturity on January 26, 2027 [5]

Core Viewpoint - The company announces a change in the signing registered accountant for the 2025 annual audit, with 彭兵 replacing 黄非 as the signing accountant while maintaining the project partner 陈达华 [1][2]. Group 1: Change of Signing Accountant - The company has appointed 彭兵 as the new signing registered accountant due to internal adjustments at 中汇会计师事务所 [2]. - The project partner remains 陈达华, ensuring continuity in the audit process [2]. Group 2: Accountant's Background - 彭兵 has been in the auditing industry since 2012, became a registered accountant in 2018, and has been practicing at 中汇会计师事务所 since December 2025 [3]. - In the past three years, 彭兵 has signed and reviewed audit reports for one listed company [3]. Group 3: Integrity and Independence - 彭兵 has not faced any criminal penalties or administrative sanctions from regulatory bodies in the past three years [4]. - There are no circumstances that could affect 彭兵's independence as a signing registered accountant [5]. Group 4: Impact on the Company - The transition of responsibilities during this change will be orderly, and it will not affect the company's 2025 annual financial report audit and internal control audit [6].

Core Viewpoint - The investigation by the U.S. Department of Justice into Federal Reserve Chairman Jerome Powell and potential criminal charges signifies a new level of government coercion in monetary policy [1] Group 1 - Lucy Ellis, Chief Economist at Westpac, indicates that Powell's strong response to the investigation is both reasonable and expected [1] - Ellis notes that Powell's broad support demonstrates the limitations of President Trump's ability to coerce the central bank [1] - She adds that significant events in the central banking sector may occur in the coming weeks [1]

Core Viewpoint - The China Pacific Life Insurance Company, Shangqiu Branch, and two responsible individuals have been fined a total of 470,000 yuan for multiple violations of regulations [1] Group 1: Penalties on Individuals - Wang Jinghua, the Deputy General Manager of the Shangqiu Branch, was fined 40,000 yuan and received a warning for not using the approved insurance premium rates as required [1] - Tian Junzhou, the Deputy General Manager and Supervisor, was also fined 40,000 yuan and received a warning for providing benefits to policyholders beyond what was stipulated in the insurance contract [1] Group 2: Penalties on the Company - The Shangqiu Branch of China Pacific Life Insurance was fined 390,000 yuan for three violations, including providing benefits to policyholders outside of the insurance contract, not using the approved insurance premium rates, and inadequate management of employee behavior [1]

Meeting Overview - The third meeting of the fourth employee stock ownership plan was held on January 12, 2026, with 358 out of 482 holders present, representing 145,850,000 shares, which is 80.01% of the total plan shares [2][4]. Meeting Resolutions - The meeting approved the extension of the fourth employee stock ownership plan's duration until February 15, 2027, due to confidence in the company's long-term development and to protect the interests of the plan holders [4][10]. Voting Results - The voting results showed unanimous support for the extension, with 145,850,000 shares in favor, 0 against, and 0 abstentions [5]. Company Background - The fourth employee stock ownership plan was initially set for a 24-month duration from February 16, 2023, to February 15, 2025, but was previously extended to February 15, 2026 [12][15]. Current Holdings - As of April 11, 2023, the plan had acquired 1,491,597 shares, accounting for 0.41% of the total share capital, at an average price of approximately RMB 122.18 per share [13][14]. Future Considerations - If all shares are sold before the extended duration ends, the plan will terminate early. If not, further meetings may be convened to discuss subsequent matters [4][15].