转自：新华财经 在越南海防市重点工业区，高度自动化的生产线日夜运转，精密的步进电机、伺服系统等产品有序下线。这里是上海鸣志电器股份有限公 司海外制造基地的日常景象。作为混合式步进电机领域的全球领军企业，鸣志电器落子越南，不仅是对全球供应链的优化布局，更标志着 其从"中国领先"向"全球领先"的战略转型。 从"个案"到"体系"：打造全球化全周期的金融服务 企业"出海"之路，从来不是一片坦途。跨境投资合规审查、资金高效调度、境外运营体系搭建……每一项都是摆在企业面前的现实考题。 在这条充满机遇与挑战的全球化道路上，金融机构的角色，正从传统的资金提供者，转变为企业跨境经营的"同行者"与"护航人"。 从"走出去"到"走进去"：一场双向奔赴的服务升级 鸣志电器的出海步伐，始于数年前。随着国际市场竞争加剧与客户需求全球化，建立海外生产基地成为企业发展的必然选择。然而，首笔 投资资本金如何合规汇出？境外公司设立后本地账户如何快速开立？日常运营中跨境资金如何高效管理？一系列问题接踵而至。 "企业需要的已不仅是转账汇款，而是能够理解我们战略意图、提供全周期解决方案的合作伙伴。"鸣志电器董事、财务总监程建国表示。 建行上海市分行正 ...

转自：新华财经 此次贷款落地，是建行上海市分行积极响应国家"美丽中国"建设与绿色金融政策导向的具体行动，分行 通过快速学习新标准、精准对接企业需求，完成从政策解读到贷款投放的全流程服务。这笔流向食用菌 产业的资金，最终效益将体现在土壤活力的保持、农业废弃物的循环利用以及生态农业模式的推广之 中。 未来，建行上海市分行将以此为契机，深化对相关国际国内标准的研究，不断完善评估方法、产品体系 和激励机制，拓展生物多样性金融应用场景，以更加多元化的金融工具支持更多生态友好型项目，与千 企万众携手共绘"青山绿水"新图景。（邓侃） 编辑：李一帆 1月28日，建行上海市分行落地首笔专项用于支持生物多样性保护的贷款，为上海永大菌业有限公司提 供1000万元信贷支持，标志着该行在绿色金融创新领域迈出重要一步。 据了解，该笔贷款严格依照中国人民银行《生物多样性金融目录（试用稿）》相关标准发放，资金将主 要用于企业有机农产品采购，对应目录中"有机、绿色等认证农业"类别，旨在通过金融手段促进农业生 态系统的多样性维护与可持续发展。 上海永大菌业是一家专注于食用菌研发、种植、加工与销售的全产业链企业。公司长期推行绿色栽培模 式，已取得 ...

2 固收专题研究 怎么把握 10 年二级资本债投资机会？ glmszqdatemark 2026 年 02 月 01 日 邮箱： xliang@glms.com.cn 相关研究 本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明 证券研究报告 1 | 目录 | | --- | | 怎么把握 10 年二级资本债投资机会？ 1 | | --- | | 1 10 年期商业银行二级资本债解密 3 | | 1.1 商业银行二级资本债发展史 3 | | 1.2 10 年二级资本债的"前世今生" 5 | | 1.3 10 年二级资本债的二级成交情况 7 | | 1.4 是谁在买 10 年二级资本债？ 9 | | 2 10 年二级资本债的投资策略 12 | | 2.1 配置盘的角度 12 | | 2.2 交易盘的角度 14 | | 2.3 交易策略小结 19 | | 3 风险提示 21 | | 插图目录 22 | | 表格目录 22 | [Table_Author] 分析师 徐亮 执业证书： S0590525110037 商业银行二级资本债发展史：我国商业银行二级资本债的发展大约可以分为 4 个 阶段，2004 年— ...

1月30日，当事律师周筱赟通过其微信公众号发布消息，他已正式起诉中国建设银行东营东城支行（以 下简称东营建行）。该案已经正式立案，东营经济开发区人民法院向其发放了正式的受理案件通知书， 案号为（2026）鲁0591民初231号。 根据东营开发区法院传票，开庭时间为2026年2月4日上午9时。 | (2026)鲁 0591 民初 231 号 | 案号 | | --- | --- | | 案由 | 侵权责任纠纷 | | 被传唤人 | 周筱贺 | | 住所 | | | 传唤事由 | 开庭 | | 应到时间 | 2026年02月04日09:00 | | 应到处所 | 第十三审判庭 | | 注意事项: | | | 1. 被传唤人必须准时到达应到处所; | | | 2. 本传票由被传唤人携带来院报到; | | | 3. 被传唤人收到传票后,应在送达回证上签名或者盖章。 | | 法院传票周筱赟提供 律师取4万元遭银行"盘问"，反诈如何破解"误伤"难题？ 周筱赟表示，建行总行的内部线人告知，这次不是由东营建行派员出庭，而是由北京的建行总行派出团 队。 回溯案件起因，去年11月3日，周筱赟在山东东营出差期间，前往中国建设银行东 ...

证券研究报告·固定收益·固收点评 固收点评 20260131 二级资本债周度数据跟踪 （20260126-20260130） [Table_Tag] [Table_Summary] 观点 ◼ 一级市场发行情况： 本周（20260126-20260130）银行间市场及交易所市场无新发行二级资本 债。 ◼ 二级市场成交情况： 本周（20260126-20260130）二级资本债周成交量合计约 2994 亿元，较 上周减少 348 亿元，成交量前三个券分别为 25 中行二级资本债 02BC （179.10 亿元）、25 农行二级资本债 04A（BC）（147.41 亿元）和 25 中行二级资本债 03A（BC）（110.91 亿元）。 分发行主体地域来看，成交量前三为广东省、山东省和山西省，分别约 为 2331 亿元、216 亿元和 140 亿元。 从到期收益率角度来看，截至 1 月 23 日，5Y 二级资本债中评级 AAA-、 AA+、AA 级到期收益率较上周涨跌幅分别为：-1.62BP、-0.15BP、- 1.15BP；7Y 二级资本债中评级 AAA-、AA+、AA 级到期收益率较上周 涨跌幅分别为：3.09B ...

Core Viewpoint - The nomination of Kevin Warsh as the Federal Reserve Chairman by President Trump has triggered hawkish market expectations, leading to a panic sell-off in precious metals, with gold experiencing its largest drop in 40 years and silver hitting a historic intraday decline [1][3]. Group 1: Market Reactions - Gold prices fell over 12%, reaching a low of $4682 per ounce, marking the largest single-day drop since the early 1980s, and closed down 9.25% at $4880 per ounce [1]. - Silver saw a dramatic decline of over 36%, with an intraday low of $74.28 per ounce, ultimately closing down 26.42% at $85.259 per ounce [3]. - Domestic gold jewelry prices also plummeted, with major brands reporting significant price drops, such as Chow Sang Sang's gold price falling from 1708 RMB per gram to 1543 RMB per gram within two days [5]. Group 2: Market Sentiment and Trading Dynamics - The sharp decline in gold prices has led to a cautious market sentiment, with many traders and consumers adopting a wait-and-see approach, resulting in a significant drop in transaction volumes [7]. - Analysts attribute the sell-off to profit-taking pressures accumulated from previous gains, the announcement of the Fed Chairman, and the cascading effect of leveraged positions being liquidated [9]. - The market is currently trading based on "Warsh's hawkish expectations," which has contributed to a stabilization of the dollar and a subsequent decline in gold and silver prices [9]. Group 3: Trading Conditions and Regulations - Major precious metal exchanges have raised margin requirements for gold futures trading, increasing the financial pressure on high-leverage traders [10]. - The decline in precious metal prices has triggered a cycle of forced selling, where stop-loss orders are activated, leading to further price drops and additional margin calls [10]. - The legal framework surrounding gold purchases indicates that physical gold items generally do not qualify for a seven-day return policy, complicating consumer options in a volatile market [18].

Group 1 - The nomination of Kevin Warsh as the Federal Reserve Chairman has triggered hawkish market expectations, leading to a panic sell-off in precious metals [1] - Gold experienced its largest drop in 40 years, with spot prices falling over 12% to a low of $4682 per ounce, and closing down 9.25% at $4880 per ounce [1] - Silver saw a historic intraday drop of over 36%, reaching a low of $74.28 per ounce, and closing down 26.42% at $85.259 per ounce [3] Group 2 - Domestic gold jewelry prices have fluctuated significantly, with major brands like Chow Sang Sang and Lao Feng Xiang reporting sharp declines in gold prices, dropping by 140 CNY per gram overnight [5] - Market sentiment has turned cautious, with a significant decrease in transactions as consumers are uncertain about pricing and discounts [7] - Analysts suggest that ordinary residents should avoid speculative investments in gold and maintain a balanced investment strategy [7] Group 3 - The sharp decline in gold prices is attributed to profit-taking pressures, the announcement of the Fed Chairman candidate, and the effects of leveraged trading [8] - The market is currently trading on "hawkish expectations" due to Warsh's nomination, which is stabilizing the dollar and contributing to the drop in gold and silver prices [8] - High leverage positions in the futures market are being liquidated, exacerbating downward pressure on prices [9] Group 4 - Major exchanges have raised margin requirements for gold futures trading, increasing pressure on leveraged traders [9] - A cycle of forced selling has emerged, where price drops trigger stop-loss orders, leading to further declines [9] Group 5 - Retail gold stores generally do not accept returns on gold bars and jewelry after purchase, with online platforms having complex return policies [10][12] - Consumers have reported experiences of being charged high fees for returns, with some platforms not clearly communicating these fees [14] - Legal perspectives indicate that gold jewelry and bars purchased in-store are generally not eligible for a no-reason return policy [16] Group 6 - Major banks in China, such as China Construction Bank and Industrial and Commercial Bank of China, are adjusting their gold accumulation business, raising minimum investment amounts and implementing limits on transactions [18][20]

Group 1 - Global precious metals market experienced a panic sell-off, with silver plunging 36% and gold dropping over 12%, closing at $4,865 per ounce [1] - The significant drop in precious metals is attributed to profit-taking after record gains and a rebound in the US dollar [1] - The potential nomination of Kevin Warsh as the next Federal Reserve Chairman by Trump has negatively impacted gold and silver prices, as Warsh has criticized ultra-loose monetary policy [1] Group 2 - Trump nominated Kevin Warsh, a former Fed governor known for his hawkish stance, which has led to market speculation about future monetary policy and the independence of the Fed [2] - Market expectations suggest that the Fed may lower interest rates by 50 to 100 basis points over the next year, impacting gold prices [2] - China’s Industrial and Construction Banks announced adjustments to their personal gold accumulation business, including limits on transactions and an increase in minimum accumulation amounts [3]

【环球网财经综合报道】1月30日，建设银行发布公告称，自2月2日9:10起，个人黄金积存业务定期积存起点金额（包 括日均积存及自选日积存）上调至1500元。 公告还提到，调整前已设置成功的定期积存计划将继续执行，不受影响。设置展期的定期积存计划到期后，若原计划 积存金额满足该行最新要求，则展期成功，否则展期失败。修改定期积存计划需满足该行最新积存金额要求。 值得一提的是，1月29日，现货黄金最高触及5598.75美元/盎司，再创历史新高。在市场火热行情下，不仅是建设银 行，其他银行纷纷出手对黄金相关业务进行调整。 调整动作中，包括如建设银行调整起购门槛，还有的银行下调黄金账户利率。具体而言，宁波银行自1月28日起调整 定存金产品定存利率，调整后利率分别为：活期0%、1个月0.3%、3个月0.3%、6个月0.4%、12个月0.5%，相较此前活 期0.2%、1个月0.3%、3个月0.4%、6个月0.6%、12个月0.8%，此次下调幅度为0—30个基点。 平安银行自2月4日起调整平安金积存业务相关收益率，其中活期收益率调整为0.01%、3个月期定存收益率调整为 0.2%、6个月期定存收益率调整为0.4%、1年期定存 ...

Group 1 - The core viewpoint of the article is that major state-owned banks in China, including China Construction Bank, are adjusting their gold accumulation business due to rising market risks, with CCB raising the minimum accumulation amount to 1500 yuan [1] - Other major banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of China have also made similar adjustments to their gold accumulation policies [1] - Following a strong rally in gold prices, there has been a noticeable correction starting January 29, with international gold prices experiencing a single-day drop of over 5% [1] Group 2 - Industry insiders suggest that the market may face a period of adjustment throughout February, indicating potential volatility in gold prices [1]