Core Points - The announcement outlines the transition of VAT preferential policies following the implementation of the VAT Law in China, effective from January 1, 2026, to December 31, 2027 [2][33] Group 1: VAT Threshold Standards - For small-scale taxpayers, the VAT threshold is set at a monthly sales amount of 100,000 yuan or a quarterly sales amount of 300,000 yuan [2] - For single-instance taxation, the threshold is 1,000 yuan per transaction [2] Group 2: Exemptions from VAT - Agricultural producers selling their own agricultural products are exempt from VAT starting January 1, 2026 [4] - Medical services provided by healthcare institutions are also exempt from VAT [6] - Services provided by individuals with disabilities are exempt from VAT [8] - Educational services provided by schools, including various levels of education, are exempt from VAT [12][14] - Funeral services are exempt from VAT [11] - Services related to child care provided by nurseries and kindergartens are exempt from VAT [10] - Various agricultural production inputs, such as seeds and fertilizers, are exempt from VAT [34][39] Group 3: Simplified Tax Calculation Methods - General taxpayers can opt for a simplified tax calculation method at a rate of 3% for certain taxable transactions from January 1, 2026, to December 31, 2027 [76] - Specific transactions eligible for this method include sales of self-extracted construction materials and small hydropower generation [77][78]

"支付行业加速出清的主要因素，并非是支付机构数量的简单减少，而是整个行业的结构性洗牌与监管 范式的升级。"中国邮政储蓄银行研究员娄飞鹏对《证券日报》记者表示，2026年，第三方支付牌照数 量仍有进一步缩减趋势。 本报记者 李 冰 第三方支付牌照数量正持续缩减。 日前，中国人民银行官网更新注销许可机构名单，河南聚宝支付有限公司（原河南汇银丰信息技术有限 公司，以下简称"聚宝支付"）的支付牌照被注销，成为2026年首家退出市场的支付机构。 在牌照注销的同时，聚宝支付同步发布《关于终止支付业务的公告》称，受经济环境等因素影响，决定 终止预付卡发行与受理业务，并公布了用户预付卡赎回、置换的具体安排。公告显示，用户可选择两种 处理方式：一是直接办理预付卡赎回，二是选择办理置换，等额置换河南建业支付科技有限公司（以下 简称"建业支付"）发行的预付卡，置换后的预付卡可在建业支付签约商户使用。 具体办理时间为，2026年2月1日至4月30日，用户可前往聚宝支付购卡大厅办理赎回业务。自2026年4月 30日之后，建业支付将作为业务承接方，继续为用户办理赎回、置换相关业务。 南开大学金融学教授田利辉对《证券日报》记者表示，此次聚 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 根据《公开募集证券投资基金运作管理办法》《公开募集证券投资基金信息披露管理办法》及相关法律 法规、各基金基金合同及招募说明书等规定，在履行规定审批程序并经基金托管人同意后，泓德基金管 理有限公司（以下简称"本公司"）旗下管理的部分公募基金参与了中电科蓝天科技股份有限公司（以下 简称"电科蓝天"）首次公开发行人民币普通股（A股）网下申购。电科蓝天本次发行的承销商国泰海通 证券股份有限公司为本公司部分公募基金托管人或托管人的关联方。电科蓝天发行价格为人民币9.47 元/股，由发行人和承销商根据初步询价结果，综合考虑发行人基本面、市场情况、同行业上市公司估 值水平、有效募集资金需求及承销风险等因素后协商确定。 根据法律法规、基金合同及电科蓝天于2026年2月3日发布的《中电科蓝天科技股份有限公司首次公开发 行股票并在科创板上市网下初步配售结果及网上中签结果公告》，现将本公司涉及上述关联关系的公募 基金获配信息公告如下： ■ 特此公告。 泓德基金管理有限公司 二〇二六年二月四日 泓德悦享一年持有期混合型证券 投资基金开放日常赎回、转换转出业务的公告 公告送出日期：20 ...

现货白银价格强势拉升，交易所出手！ 2月3日，上期所连发多则公告提示风险。 COMEX白银期货同样拉升，暴涨超12%。 2月3日，上海黄金交易所同样发布公告称，为适配当前贵金属市场运行态势，对白银延期合约Ag（T+D）交易保证金水平及涨跌停板比例进行优化调 整。公告明确，自2月3日（星期二）收盘清算时起，Ag（T+D）合约保证金水平从26%下调至23%；下一交易日起，该合约涨跌幅度限制从25%调整为 22%。 据上期所公告，经研究决定，自2026年2月4日（星期三）收盘结算时起，涨跌停板幅度和交易保证金比例调整如下： 白银期货已上市合约的涨跌停板幅度调整为19%，套保持仓交易保证金比例调整为20%，一般持仓交易保证金比例调整为21%。 | 品种 | 合约 | 现行标准(% | 交易保证金 | | 调整后标准(% 涨跌停 | 交易保证金 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 涨跌停板 套保持仓 | | 一般持 | 套保持 板 | | 一般持 | | | | | | 食 | 仓 | | 合 | | 白银 | 已上市合约 | 17 | ...

Group 1 - Gold and silver prices have rebounded after a period of decline, with both sales and buyback prices increasing [1][3] - There is a shortage of small-weight gold bars in the Shenzhen market, as suppliers are reluctant to sell at lower prices, anticipating further price increases [1][3] - The market for silver bars is also tight, with rising buyback prices leading to a seller's market, and significant demand causing shortages [3][4] Group 2 - Due to high volatility in precious metal prices, the Shanghai Gold Exchange has adjusted margin levels and price limits for gold and silver futures [4] - Many banks have slowed down the sales of physical gold and silver products, with reports of shortages in physical gold bars at banks due to previous price fluctuations [4] - Banks are actively responding to market volatility by adjusting their gold-related business operations to mitigate risks, with several banks issuing warnings to customers about market risks [4]

【导读】上期所：调整白银期货相关合约涨跌停板幅度和交易保证金比例 中国基金报记者 李智 现货白银价格强势拉升，交易所出手！ 2月3日，上期所连发多则公告提示风险。 据上期所公告，经研究决定，自2026年2月4日（星期三）收盘结算时起，涨跌停板幅度和交易保证金比 例调整如下： 白银期货已上市合约的涨跌停板幅度调整为19%，套保持仓交易保证金比例调整为20%，一般持仓交易 保证金比例调整为21%。 | 品种 | 合约 | 现行标准(%) | 交易保证金 | 调整后标准(%) 涨跌停 | 交易保证金 | | | --- | --- | --- | --- | --- | --- | --- | | | | 涨跌停板 | 一般持 套保持仓 | 板 | 套保持 | 一般持 | | | | | 合 | | 仓 | 金 | | 白银 | 已上市合约 | 17 | 19 18 | 19 | 20 | 21 | 如遇《上海期货交易所风险控制管理办法》第十三条规定情况，在上述涨跌停板幅度、交易保证金比例 基础上调整。 关于涨跌停板和交易保证金的其他事项，按《上海期货交易所风险控制管理办法》及相关业务规则执 行。 2月3日，现货白 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 163 regional banks in Zhejiang Province, highlighting their asset and liability structures, profitability, and asset quality [6][20] - The asset growth rate for major city commercial banks in Zhejiang is 9.4%, which is lower than the 14.2% growth rate of listed city commercial banks, while major rural commercial banks show an asset growth rate of 8.0%, exceeding the 6.7% growth rate of listed rural commercial banks [6][25] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 55.5% in 2024, an increase of 95 basis points year-on-year, while rural commercial banks will see a decrease to 59.3%, down 19 basis points [31] - Profitability metrics show that the average Return on Assets (ROA) for city commercial banks in Zhejiang is 0.78%, slightly above the average of listed city commercial banks, while rural commercial banks have an average ROA of 0.82%, which is below the average of listed rural commercial banks [6][31] - The asset quality of regional banks in Zhejiang is reported to be better than that of listed banks, with non-performing loan ratios lower by 16 basis points for city commercial banks and 9 basis points for rural commercial banks compared to their listed counterparts [6][31] Summary by Sections Section 1: Economic Structure of Zhejiang Province - Zhejiang Province is focused on high-quality development and aims to become a model for common prosperity [13] - The province's GDP is heavily concentrated in cities like Hangzhou, Ningbo, and Wenzhou, with Hangzhou accounting for 24.3% of the total GDP in 2025 [15] Section 2: Overview of 163 Regional Banks - The report categorizes the banks into city commercial banks, rural banks, and others, with a total of 163 banks in the region [20] - The distribution of registered capital among these banks is relatively balanced, with 63 banks having over 500 million yuan in registered capital [22] Section 3: Asset and Liability Structure - The asset growth of major city and rural commercial banks has been declining since 2019, with city banks showing a growth rate of 9.4% in the first half of 2025 [25] - The liability structure indicates that customer deposits account for 77.5% of liabilities for city commercial banks, which is higher than the 66.2% for listed city banks [44] Section 4: Profitability and Asset Quality - The average ROE for city commercial banks in Zhejiang is 11.98%, slightly lower than the average of listed city banks [6][31] - The report highlights that the non-performing loan ratio for city commercial banks is lower than that of listed banks, indicating better asset quality [6][31]

Macro Insights - The Federal Reserve paused interest rate cuts during the January meeting, with Powell indicating a higher threshold for future cuts due to reduced inflation and employment risks[2] - The upcoming change in tariff base mid-year is expected to facilitate monetary easing under the new chairmanship, reflecting the Fed's policy independence[2] Market Strategy - A-shares are expected to experience volatility in February, with a lack of catalysts before the Spring Festival leading to decreased market activity[4] - Post-Spring Festival, policy catalysts are anticipated to accelerate, potentially improving index performance[4] Investment Recommendations - Focus on cyclical and technology sectors, with particular attention to semiconductor and AI-related stocks, as well as sectors benefiting from the 14th Five-Year Plan[5] - Recommended index combinations include large-cap indices like CSI 1000 and ChiNext 50, with a preference for growth styles over value[5] Liquidity and Fund Flows - February is projected to see continued net inflows of incremental funds, with foreign capital expected to flow in before the Spring Festival[7] - The stock market experienced net outflows in January, but financing is becoming a primary source of incremental capital[7] Sector Performance - Industrial profits turned positive in December, with high growth areas identified in resource products and AI-driven sectors[8] - The insurance sector is expected to perform strongly in 2026, with significant growth in new policy premiums driven by favorable market conditions[15]

经查，日前，内蒙古呼伦贝尔市中级人民法院作出二审判决，孟某（扎兰屯市支行前员工）犯诈骗罪，被判处有期徒 刑并对全部受害人损失金额进行赔偿。此案涉及的部分人员认为损失金额及利息应由银行进行赔付，故对该分行提起 民事起诉。民事诉讼是厘清责任的必要程序，也是保障当事人合法权益、维护社会公平正义的法律途径。目前，相关 民事诉讼正在审理过程中，该分行将充分尊重并依法履行法院判决。 邮储银行呼伦贝尔市分行表示，衷心感谢广大客户及社会各界的关注与监督，同时提示广大客户，邮储银行不会以任 何理由要求客户将个人资金转至他人账户，也严禁内部工作人员代客操作。如有相关情形，请拨打95580客户服务热 线进行投诉。 （邮储银行呼伦贝尔市分行） 近期，有媒体报道称，内蒙古一银行员工因转走11名储户220万存款无法追回以诈骗罪获刑12年。有储户起诉银行索 赔，一审败诉、二审尚未宣判。 对此，邮储银行呼伦贝尔市分行表示，该分行高度重视并迅速展开全面核查。 ...

来源：环球网 为遏制电信网络诈骗高发态势，守护群众财产安全，近日，邮储银行许昌市分行以"反诈护民生，保护 群众'钱袋子'"为主题，组织宣传分队深入地铁站、公交车站等人员密集场所，开展多维度反诈宣传活 动，将防诈知识送到市民身边，全面提升辖内公众防诈识诈能力。 活动现场，工作人员通过发放《防范电信网络诈骗安全知识宣传手册》向市民普及当前常见的十大诈骗 手段，面对面指导市民设置手机防范功能、识别可疑链接。针对老年群体、通勤族等不同人群风险特 点，宣传人员开展精准宣教，提醒老年人警惕"冒充银行工作人员""高息养老理财"等骗局，向年轻群体 讲解刷单引流、游戏账号交易等诈骗陷阱。 同时，工作人员还详细介绍96110专线的预警劝阻、防骗咨询、涉诈举报三大功能，明确"紧急止损先拨 96110，后续报案补手续"的处置流程。 据悉，此次活动进一步深化了群众对反诈工作的认识，让辖内部分群众对反诈带来的相关危害有了更深 层次理解，筑牢了防诈反诈安全底线。下一步，邮储银行许昌市分行将持续响应反诈工作要求，创新宣 传方式，开展针对性反诈宣传，精准守护群众资金安全。 ...