国际金价上演"深V反转"，叠加春节消费旺季，国内实物黄金市场迎来集中抢购。记者实地探访深圳水贝市场获悉，金条、银条现货普遍紧缺，商户捂货 惜售与下游逢低买入形成共振；工行、中行、农行等多地网点同样出现金条断货、需订货的情况。业内专家指出，短期金价将维持高波动，中长期向上逻 辑未改。 水贝一货难求，银行金条全线紧俏 金价创40年最大跌幅，中长期逻辑未破 银行渠道同样火爆。安徽工行客户经理透露，当地网点5克至1000克热门克重金条全数无货，需提前订货，如意金、积存金开户与交易量大幅增长；江苏 中行仅10克、20克、100克金条有少量现货，广东农行金条余货告急。 抢购叠加捂货，供需两端推高稀缺性 本轮实物金缺货，由下游集中抢购与上游捂货待涨共同导致。 苏商银行特约研究员武泽伟分析，春节刚性礼品需求叠加金价高位回落的"折扣效应"，催生消费与配置需求共振。中国家庭资产配置理念已发生转变，黄 金被视为长期家庭储备，消费者逢低布局形成金价底部支撑。 商户端则因价格巨震谨慎出货。水贝店主小丽（化名）坦言，上游料商此前高价拿货，金价单日波动达数十元，供应商每克仅赚七八元，出货即亏损，普 遍选择捂货惜售，导致下游商户拿料困难。 ...

Core Insights - The asset securitization market in China is experiencing steady growth, with a total issuance of 2,435 products amounting to RMB 23,250.45 billion in 2025, reflecting a 15% increase in the number of issuances and a 14% increase in issuance scale compared to 2024 [4][11] Group 1: Market Overview - In 2025, the credit ABS market saw 238 new products issued, a 24% increase year-on-year, with a total issuance of RMB 2,915 billion, marking an 8% increase in scale [6][11] - The corporate ABS segment led the market with 1,560 new products and an issuance scale of RMB 14,133 billion, showing increases of 18% in quantity and 20% in amount year-on-year [6][11] - The ABN market issued 612 new products, with a 7% increase in quantity and a 9% increase in scale, totaling RMB 5,731 billion [6][11] Group 2: Asset Class Breakdown - The top three asset classes driving the ABS market in 2025 were financing lease receivables (349 products, RMB 3,583.05 billion), bank/internet consumer loans (388 products, RMB 3,138.84 billion), and corporate receivables (337 products, RMB 3,112.43 billion) [8][11] - Consumer loan ABS emerged as a significant growth point, driven by policies supporting consumer finance, leading to the highest issuance quantity among all asset categories [11][12] Group 3: Regulatory Environment - In 2025, various regulatory bodies, including the China Securities Regulatory Commission and the People's Bank of China, issued notifications and guidelines impacting the asset securitization market, indicating a proactive regulatory approach [3][12] Group 4: Key Players and Rankings - In the credit ABS sector, the top issuer was Jianxin Trust with 54 projects totaling RMB 1,043.98 billion, followed by Huaneng Guicheng Trust with 52 projects totaling RMB 324.28 billion [13] - The leading initiator in credit ABS was Ping An Bank, with 23 projects totaling RMB 42.96 billion [14] - KPMG was the top accounting advisor for credit ABS, participating in 105 projects with a total issuance of RMB 1,525.81 billion, accounting for over 52% of the total [15] Group 5: Market Trends and Innovations - The market is transitioning from mere scale expansion to structural optimization and high-quality development, with a focus on innovative financial products that align with national strategies [12][22] - A series of "first-of-its-kind" products emerged in 2025, reflecting the market's adaptability to national strategic directions and the need for financial product innovation [21][22]

从社保"就近办"到AI养鸡"数据贷"——2025年以来，一股金融科技浪潮，正悄然重塑着四川乐山城 乡的生活图景与产业生态。中国人民银行乐山市分行以科技为钥，解锁民生服务新场景；以数据为芯， 驱动乡村产业新生态，书写一份"科技赋能、便民兴农"的新答卷。 科技赋能社银融合提速社保便民服务 "以前办社保得往大厅跑，现在在家门口的银行几分钟就办好。"在乐山市市中区一处社银一体化服 务点，刚完成社保待遇资格认证的李阿姨连连称赞。为破解社保服务"最后一公里"难题，中国人民银行 乐山市分行与乐山市人社部门携手发力，依托数据共享平台打破部门信息壁垒，引导辖内10家金融机构 推进社银一体化网点建设。数据显示，截至2025年11月末，乐山市已建成高标准服务网点50个，实现全 市11个县（市、区）全覆盖。 《金融时报》记者了解到，所有社银一体化服务网点依托金融科技实现了"三统一"：统一建设标 准、统一经办流程、统一服务质量。网点不仅专门设置社保服务专区，更配备了经专业培训的经办人 员，能熟练操作业务终端，高效办理参保登记、个人权益查询打印等42项高频业务，覆盖群众日常所 需。此外，针对老年群体需求，网点还开通了"科技适老"通道，满 ...

推动西部（成都）科学城和中国（绵阳）科技城协调联动、优势互补是落实国家高水平科技自立自 强战略，实施"四化同步、城乡融合、五区共兴"部署的重要举措，也是构建"极核引领、次级支撑、竞 相发展、片区协同"区域发展新格局的重要抓手。 中国人民银行四川省分行以成都绵阳科技金融协同创新为突破口，从机制共建、政策协同、服务创 新、平台共享四方面扎实推进区域金融一体化发展，2025年成绵两地科技贷款新增突破千亿元，贷款增 量占四川全省比重超60%。 机制共建：构建常态化联动新格局 《金融时报》记者了解到，为凝聚成绵科技金融协同发展合力，中国人民银行四川省分行与绵阳市 分行建立了科技金融直联协同机制，形成"省级统筹、市级联动、协同推进"的工作格局。在政策谋划 上，该机制推动成绵两地在政策互认与规划衔接上取得突破，相关工作被同步纳入两市金融发展规划； 在政策执行上，通过将协同创新工作纳入科技金融服务效果评估体系、运用金融机构主要负责人会议等 专项会议部署等方式强化协同督导，为两地科技金融协同发展提供了坚实的机制保障。 服务创新：构建金融服务新体系 为提升科技企业融资服务的效率和可得性，中国人民银行四川省分行联动绵阳市分行，以" ...

Group 1 - Guizhou Moutai has regained its market "C position," with a stock price increase of 1.41% today, reaching a peak of 1559.89 CNY per share and a market capitalization of 1.94 trillion CNY, surpassing China Petroleum to become the fifth largest in A-shares [2][3] - Since the rebound on January 29, Guizhou Moutai's stock price has increased by over 16%, leading to a recent active performance in consumer stocks [2][3] - The strong performance of consumer stocks is reflected in the significant gains in sectors such as beauty and personal care, with companies like Lafang Jiahua hitting the daily limit [7][8] Group 2 - The price recovery of Feitian Moutai is a key catalyst for Guizhou Moutai's recent strength, driven by adjustments in both channel and pricing systems [11] - The company launched a direct sales initiative on the "i Moutai" platform, attracting 6.28 million new users and achieving over 2.12 million orders in January [11] - Analysts expect that the price stabilization of Feitian Moutai around 1500 CNY will enhance market confidence and support the company's performance throughout the year [11] Group 3 - The precious metals market experienced a sharp decline, with spot gold dropping by 1.81% to 4878.345 USD per ounce and spot silver falling by 13.35% to 76.847 USD per ounce [4][14] - The decline in precious metals is attributed to profit-taking and increased market volatility, although long-term support factors for gold remain intact [14][16] - The overall performance of the non-ferrous metals sector has been weak, with significant drops in major companies [12][15]

摘要今日周四(2月5日)亚盘时段，黄金T+D目前交投于1077元附近，截至发稿，黄金T+D暂报1091.34元/ 克，跌幅3.37%，最高触及1136.00元/克，最低下探1077.00元/克。目前来看，黄金T+D短线偏向看跌走 势。 今日周四(2月5日)亚盘时段，黄金t+d目前交投于1077元附近，截至发稿，黄金t+d暂报1091.34元/克，跌 幅3.37%，最高触及1136.00元/克，最低下探1077.00元/克。目前来看，黄金t+d短线偏向看跌走势。 【要闻速递】 【最新黄金t+d行情解析】 2026年2月5日，上海黄金交易所Au(t+d)合约收盘价为1095元/克，日跌1.77%，日内最高触及1136元/克 后大幅回落，最低下探至1092.72元/克，呈现冲高回落格局。受农业银行将保证金比例从60%上调至 80%影响，杠杆交易情绪显著降温，多头动能衰减，量能萎缩。技术面看，短期RSI进入中性偏弱区 间，MACD绿柱扩张，布林带开口收窄，显示波动率下降、趋势动能减弱。关键支撑位于1090–1095元/ 克，阻力位聚焦1115元/克。国际金价(伦敦金4960美元/盎司)高位回调，人民币汇率稳定，市场进 ...

敬请您妥善安排业务办理时间。由此给您带来的不便，中国农业银行深表歉意，并将尽快恢复对您的相 关服务。如需进一步咨询，请拨打中国农业银行客户服务热线95599。 2026年2月5日，中国农业银行（601288）发布公告称，中国农业银行大小额支付系统计划于2026年2月7 日20:00至22:00进行系统维护升级。升级期间，客户在2026年2月6日20:00至2月7日22:00时段内，通过 中国农业银行个人掌银、个人网银、超级柜台渠道发起的延时24小时跨行转账交易；或在2026年2月7日 18:00至22:00时段内，通过中国农业银行个人掌银、个人网银、超级柜台渠道发起的延时2小时跨行转 账交易，将无法在2026年2月7日20:00至22:00时段内进行撤销。其他大小额支付系统业务不受此次系统 维护升级影响。 ...

Core Insights - The "2025 Hurun China 500" report highlights TSMC as the highest-valued private enterprise in China, with a valuation increase of 3.5 trillion RMB, reaching 10.5 trillion RMB [1][4] - Tencent follows as the second highest, with a valuation growth of 1.9 trillion RMB, totaling 5.3 trillion RMB [1][4] - ByteDance ranks third, increasing its value by 1.8 trillion RMB to 3.4 trillion RMB [1][4] - Xiaomi enters the top ten for the first time, with a valuation increase of 357 billion RMB, reaching 1 trillion RMB [1][4] Top Ten Private Enterprises - TSMC: Valuation of 105,000 million RMB, growth of 50% [2][5] - Tencent: Valuation of 53,300 million RMB, growth of 56% [2][5] - ByteDance: Valuation of 34,000 million RMB, growth of 109% [2][5] - Alibaba: Valuation of 27,000 million RMB, growth of 75% [2][5] - CATL: Valuation of 18,600 million RMB, growth of 59% [2][5] - Pinduoduo: Valuation of 13,200 million RMB, growth of 16% [2][5] - Ping An Insurance: Valuation of 10,500 million RMB, decline of 15% [2][5] - Xiaomi: Valuation of 10,000 million RMB, growth of 56% [2][5] - BYD: Valuation of 8,720 million RMB, growth of 10% [2][5] - Huawei: Valuation of 8,500 million RMB, growth of 25% [2][5] Top Ten State-Owned Enterprises - Agricultural Bank: Valuation of 202,000 million RMB [3][6] - Industrial and Commercial Bank: Valuation of 274,000 million RMB [3][6] - State Grid: Valuation of 266,000 million RMB [3][6] - China National Railway Group: Valuation of 224,000 million RMB [3][6] - China Construction Bank: Valuation of 203,000 million RMB [3][6] - Kweichow Moutai: Valuation of 182,000 million RMB [3][6] - China Petroleum: Valuation of 176,000 million RMB [3][6] - Bank of China: Valuation of 170,000 million RMB [3][6] - China Mobile: Valuation of 175,000 million RMB [3][6] - CITIC Group: Valuation of 156,000 million RMB [3][6]

"现在办贷款再不用来回跑80公里了，家门口的服务站最快当天就能放款！"在新疆伊犁察布查尔县坎 乡，农牧民对农业银行在当地设立的"惠农服务站"赞不绝口。 "坎乡下辖8个行政村，常住人口1.37万人，辖内无一家银行，农牧民办理金融业务需前往县城，不仅耗 时费力，来回交通费用也是一笔不小的开支。"坎乡常务副乡长叶尔艾力表示，"农行惠农服务站填补了 我们乡的金融服务空白，服务站就在家门口，贷款额度足、放款快、利率优惠。现在整村授信能让更多 农户便捷地获得金融支持，老百姓切实感受到金融服务的温度和便利。" 整村推进，信用赋能直达田间。农行新疆伊犁察布查尔县支行还在坎乡推行信用工程建设。依托村"两 委"，实行"一村一档、一户一策"精准画像，匹配"惠农e贷"等多种产品服务。目前，该惠农服务站已为 当地2个行政村共161户农牧民建立信用档案。 自2025年3月以来，农业银行已在全国金融服务相对薄弱的乡村地区建成"惠农服务站"1700多个，有效 扩大惠农金融服务覆盖面，让更多金融活水精准浇灌乡村产业，助力推动乡村全面振兴。 银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 为填补农村地区金融服务空白，助力解决农民" ...

Core Viewpoint - The People's Bank of China (PBOC) is focusing on enhancing structural monetary policy tools and strengthening coordination with fiscal policy to support key areas such as consumption, technological innovation, and small and micro enterprises in 2026 [1][2]. Group 1: Structural Monetary Policy - The PBOC aims to improve the mechanisms of the "five major articles" of finance and implement structural monetary policy tools to support economic transformation [1]. - On January 15, the PBOC announced a 0.25 percentage point reduction in the interest rates of various structural monetary policy tools and increased the quotas for agricultural and small enterprise loans by 500 billion yuan, along with raising the quota for technological innovation loans to 1.2 trillion yuan [1]. Group 2: Financial Support for Consumption - Strengthening financial support in the consumption sector is a key focus for 2026, as low consumer spending is a significant constraint on expanding domestic demand [6]. - The Ministry of Commerce, PBOC, and financial regulatory authorities have issued policies to enhance collaboration between commerce and finance to boost consumption across various sectors [6]. - The PBOC plans to maintain a moderately loose monetary policy to create a favorable financial environment for boosting consumption and expanding domestic demand [6]. Group 3: Support for Financing Platforms - The PBOC is committed to resolving debt risks associated with financing platforms and supporting local governments in market-oriented transformations [10]. - As of the end of 2024, approximately 40% of financing platforms have exited the financing platform sequence through market-oriented transformations, with the scale of operating financial debt decreasing by about 25% compared to early 2023 [11]. - The PBOC will continue to implement policies for debt risk resolution and promote the development of financing platforms while ensuring support for key areas and projects [11].