1月28日，A股三大指数涨跌不一，截至收盘，沪指涨0.27%，收报4151.24点；深证成指涨0.09%，收报14342.89点；创业板指跌0.57%，收报3323.56点。 沪深京三市成交额达到29926亿元，较昨日放量709亿元。 个股方面，上涨股票数量超过1700只，逾80只股票涨停。贵金属、珠宝首饰、采掘行业、有色金属、小金属、煤炭行业涨幅居前，光伏设备、医疗器械、 医疗服务、生物制品、航天航空板块跌幅居前。 今日收盘后，2026年A股1月行情仅剩两个交易日。最近半个月以来，对很多投资者来说，其实赚钱并没有那么容易。 沪指虽然一直在4100点左右横盘，但个股分化明显。就像今日盘中，A股整体还是延续涨少跌多态势，超60%个股飘绿。如果没有踩中热点，投资体验并 不好。 有色方面以黄金为代表。1月国际金价也涨势惊人，今日现货黄金盘中一度突破5200美元，再创历史新高。2025年最后一个交易日，现货黄金报收4310.89 美元，也就是说，2026年开年不到一个月时间，现货黄金已大涨超过900美元。 A股黄金、有色金属板块因此掀起涨停潮，白银有色七连板，中国黄金四连板，四川黄金、湖南黄金等纷纷涨停。 另外，国际 ...

Group 1 - The event aims to promote the transformation and high-quality development of professional markets, expanding "Belt and Road" economic and trade cooperation, and providing comprehensive cross-border trade support for enterprises [1] - The "Overseas Plan" financial service initiative was launched, collaborating with major banks to address the financing and settlement challenges faced by foreign trade enterprises [1] - A memorandum of cooperation was signed between the "Belt and Road" trade service platform and financial institutions to support the high-quality development of professional markets [1] Group 2 - The event integrates the "Beauty Town" business district with a three-in-one service system of policy connection, financial services, and business district empowerment [2] - Over 20 exhibition booths were set up, providing practical services such as financial consulting, logistics promotion, and anti-fraud awareness [2] - The event showcased high-quality products from various categories including clothing, leather goods, and beauty products [2]

责任编辑：曹睿潼 1月28日金融一线消息，由新浪财经主办的"2025（第十三届）银行综合评选"活动获奖名单今日正式揭 晓！中国工商银行获评"年度最具社会责任银行"。 1月28日金融一线消息，由新浪财经主办的"2025（第十三届）银行综合评选"活动获奖名单今日正式揭 晓！中国工商银行获评"年度最具社会责任银行"。 本次评选活动从多领域、多视角对银行机构进行了综合评估，最终评选出多家行业佼佼者，充分体现了 银行业的发展趋势和行业标杆。本次获奖银行在过去一年的发展中展现了卓越的综合实力和优秀的专业 素养，期待在未来能够继续发挥自身优势，坚守初心和使命，为银行业高质量发展与金融强国建设贡献 更多力量。 本次评选活动从多领域、多视角对银行机构进行了综合评估，最终评选出多家行业佼佼者，充分体现了 银行业的发展趋势和行业标杆。本次获奖银行在过去一年的发展中展现了卓越的综合实力和优秀的专业 素养，期待在未来能够继续发挥自身优势，坚守初心和使命，为银行业高质量发展与金融强国建设贡献 更多力量。 责任编辑：曹睿潼 ...

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - As of the end of Q4 2025, the market value of actively managed equity funds holding A-shares reached 1.61 trillion, with the banking sector accounting for 30.367 billion, representing 1.89% of the total, which is below the 5-year and 10-year averages of 3.02% and 3.89% respectively [1] - The report indicates a slight increase in the proportion of active funds in the banking sector, while passive funds and northbound capital have seen reductions in their holdings [2][3] - The report anticipates that in 2026, macro policies will be proactive, with the central bank lowering various structural monetary policy tool rates, which will help improve banks' funding costs and encourage lending in key areas [3] Summary by Sections Active Funds - The market value of active funds in the banking sector increased slightly to 30.367 billion, with a proportion of 1.89%, up 0.07 percentage points from Q3 2025 [1] - The concentration of holdings among the top five banks decreased to 57.6%, with notable increases in holdings for Ningbo Bank, China Merchants Bank, and others [2] Passive Funds - The overall holdings of passive funds remained stable in Q4 2025, but there has been a significant reduction since January 2026 [2] - By the end of Q4 2025, the market value of banks held by sample ETFs accounted for 6.73% of the net value of stock ETFs, a decrease of 0.99% compared to the end of 2024 [2][27] Northbound Capital - Northbound capital saw a net reduction in bank stocks, with holdings decreasing to 160.27 billion shares, down 13.75 billion shares from the previous quarter [3] - The market value held by northbound capital in bank stocks was 177.26 billion, representing 5.86% of the free float market value, a decrease of 0.21 percentage points from the previous quarter [3] Investment Recommendations - The report suggests that the banking sector's fundamentals are expected to remain stable, supported by improved net interest margins and stable asset quality [3]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The average narrow deficit ratio for all provinces in 2024 is 16.4%, and the average broad deficit ratio is 20.0%, both at relatively low levels since 2010. The average debt ratio stands at 357.0%, which has been on the rise since 2016 [5] Summary by Sections Regional Finance - The average tax revenue ratio across provinces is 67.2% in 2024, showing a year-on-year decline of 2.7%. The overall trend indicates a decrease in tax revenue reliance [20][26] - The average fiscal self-sufficiency rate for all provinces is 43.9% in 2024, reflecting a continuous decline since 2013 [17][19] - The government fund budget, which accounts for 20% of fiscal revenue, has seen a revenue decline of 14.2% year-on-year in 2024, primarily due to the downturn in the real estate market [27][28] Regional Social Financing - The new social financing has shown significant differentiation, with a notable concentration in economically developed eastern regions. Approximately 60% of the new social financing increment from 2020 to 2024 has been directed towards eastern regions, although this percentage has been gradually declining [5] - In 2024, the marginal contribution of government financing has increased, while corporate financing has decreased. The contribution of government departments to new loans is 69.1%, while corporate and household contributions are 34.7% and 24.8%, respectively [5][19]

会议伊始，盘城街道党工委书记乐素林致欢迎辞，向长期以来关心支持盘城发展的各界人士表示衷心感谢。他特别指出，盘城今天的发展基础、产业空 间、创新动能和营商环境优化，离不开金融活水的精准滴灌和市场主体的蓬勃活力，是政银企三方精诚合作的生动写照。展望2026年"十五五"开局关键之 年，乐素林书记提出三点热切期望：期望银行聚焦盘城发展主战场精准赋能；期望企业坚定深耕盘城，抢抓机遇创新转型；期望三方合作更务实聚力，街 道将矢志不渝当好"店小二"。 随后，盘城街道党工委委员、办事处副主任骆宏和通报了街道2025年经济社会发展情况与2026年工作规划。过去一年，盘城街道聚焦"拼经济、促发展"主 线，全力实施"四大行动"，主要经济指标稳中有进，招商引资成果丰硕，项目建设高效推进，要素攻坚成效显著，城乡融合深化拓展，民生福祉持续增 进，为"十四五"圆满收官奠定了坚实基础。展望2026年，街道将围绕"十五五"开局之年目标任务，在精准招商强实体、攻坚瓶颈拓空间、精塑品质促融合 等方面重点发力，奋力谱写高质量发展新篇章。 南京国资投资置业有限公司作为重点企业代表做了发展报告。在企业家发言环节，南京北地春建设集团有限公司、南京和图地理 ...

齐鲁晚报·齐鲁壹点记者 李文璇 郭辰昊 "民营经济和金融机构互为鱼水、共生共荣。我们将扎根齐鲁沃土，继续服务好民营经济高质量发 展。"李峰说。 山东是民营经济大省，民营市场主体超过1400万家，全省民营经济贷款余额已超4万亿元。这其中，中 国工商银行山东省分行近两年民营贷款年均增速接近20%，民营贷款余额超过2800亿元，占到全部对公 贷款余额的三分之一。 省政协委员，中国工商银行山东省分行党委书记、行长李峰表示，中国工商银行山东省分行向先进生产 力聚焦，2025年民营科技企业贷款余额突破千亿元，年内专精特新"小巨人"有贷户翻倍增长、全市场覆 盖率超过60%；向延链展链用劲，把核心企业的信用延伸惠及到整个链条，已为190条供应链上的5000 多户企业提供了120亿元的数字供应链融资支持；向特色场景融资发力，先后推出诸如科创研发贷、产 业易贷等180个特色融资产品，努力帮助企业解决好发展中遇到的融资难题、融资烦恼。 1月27日下午，山东省政协十三届四次会议举行委员集中采访活动。10位来自不同界别、深耕不同领域 的省政协委员依次亮相，畅谈履职心声，回应群众关切。 ...

Core Viewpoint - International gold prices have surged recently, reaching a peak of $5,107 per ounce, followed by significant fluctuations exceeding $100, indicating a volatile market environment driven by various economic factors [1][2][5]. Group 1: Gold Price Trends - On January 26, the COMEX gold futures price briefly surpassed $5,107 but closed at $5,004.8 per ounce, marking an approximate 18% increase for the month, potentially the largest monthly gain in over 40 years [2]. - The rise in international gold prices has led to an increase in domestic gold jewelry prices, with several brands reporting prices exceeding 1,570 yuan per gram [2]. Group 2: Risk Assessment in Banking - In response to rising gold prices, several commercial banks in China have increased risk assessment requirements for gold accumulation products, effective from 2026 [4]. - Agricultural Bank of China and Industrial and Commercial Bank of China have announced new risk assessment protocols for personal clients engaging in gold accumulation transactions [4]. Group 3: Drivers of Gold Price Increase - The rapid increase in gold prices is attributed to declining confidence in the US dollar and a shift in the global monetary system, with analysts suggesting that the $5,000 per ounce mark may not pose a significant barrier to further increases [5]. - The current surge in gold prices reflects heightened global demand for safe-haven assets amid various geopolitical and economic uncertainties, including the COVID-19 pandemic and the Russia-Ukraine conflict [6]. Group 4: Investment Recommendations - Experts recommend that individual investors prioritize rational asset allocation, suggesting the use of low-leverage tools like gold ETFs and maintaining gold holdings at 5%-10% of liquid assets [8]. - Regulatory bodies are encouraged to enhance market oversight to mitigate speculative trading behaviors and promote long-term investment strategies [8]. Group 5: Other Precious Metals - Silver prices have also seen significant increases, with a reported rise of over 50% this year, driven by supply-demand imbalances, particularly in sectors like photovoltaics and electric vehicles [10]. - Platinum and palladium have experienced price increases, with platinum reaching a historical high of $2,797.73 per ounce, as investment demand continues to grow amid supply shortages [10].

"政府搭好了台，金融也要唱好戏。"李峰表示，山东省委、省政府高度重视民营经济发展，近年来出台 一系列含金量十足的政策举措，持续优化营商环境、降低企业经营成本，为民营经济蓬勃发展搭建了良 好平台。"我欣喜地看到全省金融同业坚定与民营企业风雨同舟、并肩前行，努力让金融'活水'可以'润 百业、惠民生'，全省民营经济贷款余额已超4万亿元(人民币，下同)。" 作为金融机构负责人，李峰以中国工商银行山东省分行为例介绍说，该行出台了支持民营企业高质量发 展16条意见，推动近两年民营贷款年均增速接近20%，民营贷款余额超过2800亿元，占到全部对公贷款 余额的三分之一。 精准滴灌的关键，在于找准服务方向、摸透企业需求。谈及具体做法，李峰表示，山东有5万多家科技 型中小企业，其中民营企业占比90%以上，特别是专精特新"小巨人"中民营企业占比95%以上。"为此， 我们建立了省、市、区三级科技专营机制，打造了43家科技支行，简化流程，提升效率，并用好科技创 新再贷款等结构性货币政策工具，帮助山东民营企业向新发展。" 数据显示，2025年，中国工商银行山东省分行民营科技企业贷款余额突破千亿元，年内专精特新"小巨 人"有贷户翻倍增长、 ...

Core Viewpoint - The Hong Kong stock market is experiencing a significant upward trend, with major indices rising over 2%, driven by a "technology + dividend" strategy through the Hong Kong Large Cap 30 ETF [1][2] Group 1: Market Performance - The Hong Kong Large Cap 30 ETF (520560) saw an intraday increase of 2.54%, currently up 2.33%, indicating a strong market momentum [1] - Leading stocks include Pop Mart with over 6% gain, China Petroleum over 5%, and several others like China National Offshore Oil, Li Auto, and SMIC rising over 4% [1] Group 2: Analyst Insights - Analyst Zhang Yidong suggests that the current phase of the Hong Kong stock market may lead to a long-term bull market, with technology remaining a key focus [2] - Fund manager Cao Xucheng notes that while the Hong Kong market may disappoint in Q4 2025, it could perform well in 2026 due to potential capital inflow from A-shares [2] Group 3: Future Outlook - CITIC Securities anticipates that the Hong Kong market will benefit from domestic "14th Five-Year Plan" initiatives and external economic policies promoting fiscal and monetary easing [2] - The presence of a complete AI industry chain in Hong Kong, along with the influx of quality A-share companies listing in Hong Kong, is expected to enhance market liquidity and drive valuation recovery [2] Group 4: ETF Strategy - The Hong Kong Large Cap 30 ETF employs a "technology + dividend" strategy, featuring a mix of high-growth tech stocks like Alibaba and Tencent, alongside stable dividend-paying stocks such as China Construction Bank and Ping An [3] - This ETF supports "T+0" intraday trading, making it a flexible tool for long-term investment in the Hong Kong market [3] Group 5: Index Composition - The index composition of the Hong Kong Large Cap 30 ETF is slightly more technology-focused compared to the Hang Seng Index, which may explain its superior performance over the past five years [4]