受国际银价此前暴涨影响，国投白银LOF备受市场关注。停牌之前，该基金在二级市场已连续两个交易日涨停，最新价格报收于5.247元/份，相 较于其最新净值溢价约为60%。 公告称，国投白银LOF基金将于2026年2月2日开市起至当日10:30 停牌，自2026年2月2日10:30复牌，复牌后的交易按照《深圳证券交易所交易 规则》的相关规定执行，价格涨跌幅限制比例为10%。若该基金2026年2月2日二级市场交易价格溢价幅度未有效回落，该基金有权通过向深圳 证券交易所申请盘中临时停牌、延长停牌时间等措施，向市场警示风险，具体以届时公告为准。 | 国投白银LOF(SZ:161226) | | | | 加自选 | | --- | --- | --- | --- | --- | | ¥5.247 0.000 0.00% | 停牌 | | | 5.02 万球友关注 | | 最高: -- | 今开: -- | 涨停:5.772 | 成交量:0手 | | | 最低: -- | 昨收:5.247 | 跌停:4.722 | 成交额:0.00 | | | 换手: -- | 市价:5.247 | 单位净值: 3.284 | 基金份额:5 ...

（文章来源：21世纪经济报道） 深交所发布监管动态，近期"国投白银LOF"等基金产品存在溢价过高情形，基金公司多次发布溢价风险 提示及停牌公告，但相关基金产品溢价率仍继续上升，部分投资者在交易过程中存在影响基金正常交易 秩序的异常交易行为，深交所依规对相关投资者采取了暂停交易等自律监管措施。 ...

2026年1月23日至1月29日，本所对2宗违规行为进行纪律处分，涉及信息披露及规范运作违规；对4宗违 规行为发出监管函，涉及信息披露及规范运作违规。本周发出问询函13份、其他函件65份。 二、市场交易监管动态（2026年1月26日-2026年1月30日） 2026年1月26日至2026年1月30日，本所共对261起证券异常交易行为采取了自律监管措施，涉及盘中拉 抬打压、虚假申报等异常交易情形；共对16起上市公司重大事项进行核查，并上报证监会4起涉嫌违法 违规案件线索。 来源：中国能源网 一、上市公司监管动态（2026年1月23日-2026年1月29日） 近期"国投白银LOF"等基金产品存在溢价过高情形，基金公司多次发布溢价风险提示及停牌公告，但相 关基金产品溢价率仍继续上升，部分投资者在交易过程中存在影响基金正常交易秩序的异常交易行为， 本所依规对相关投资者采取了暂停交易等自律监管措施。 三、会员监管动态（2026年1月26日-2026年1月30日） 本周，针对股票发行上市申请项目中保荐代表人存在违规行为的情形，本所对一家会员相关保荐代表人 采取了口头警示的监管措施；根据对部分会员的现场检查情况，对客户交易 ...

出品丨2 1财经客户端 2 1世纪经济报道 编辑丨柳润瑛 金珊 黄金供应商正干一单亏一单，有从业者直呼赚钱时代过去了 中国投资者去年买走全球近十分之一黄金 21君荐读 SFC 1月30日，深交所发布监管动态，近期"国投白银LOF"等基金产品存在溢价过高情形，基金公 司多次发布溢价风险提示及停牌公告，但相关基金产品溢价率仍继续上升，部分投资者在交易 过程中存在影响基金正常交易秩序的异常交易行为，深交所依规对相关投资者采取了暂停交易 等自律监管措施。 ...

北京商报讯（记者 李海媛）1月30日，深交所发布的监管动态显示，2026年1月26日至2026年1月30日，共对261起证券异常交易行为采取了自律监管措施， 涉及盘中拉抬打压、虚假申报等异常交易情形；共对16起上市公司重大事项进行核查，并上报证监会4起涉嫌违法违规案件线索。 深交所还提到，近期"国投白银LOF"等基金产品存在溢价过高情形，基金公司多次发布溢价风险提示及停牌公告，但相关基金产品溢价率仍继续上升，部分 投资者在交易过程中存在影响基金正常交易秩序的异常交易行为，深交所依规对相关投资者采取了暂停交易等自律监管措施。 ...

深交所发布监管动态，近期"国投白银LOF"等基金产品存在溢价过高情形，基金公司多次发布溢价风险提示及停牌公告，但相关基金产品溢价率仍继 续上升，部分投资者在交易过程中存在影响基金正常交易秩序的异常交易行为， 深交所 依规对相关投资者采取了暂停交易等自律监管措施。 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 下载财联社APP获取更多资讯 ...

Group 1 - The core viewpoint of the news is that Guotou Silver LOF has announced a suspension of trading to protect investors due to high premium rates, indicating potential market risks [1] - Guotou Silver LOF has experienced significant price volatility, leading to its second all-day suspension in a short period, with a current premium rate of 64.26% [1] - E Fund Gold Theme LOF has also issued a premium risk warning, highlighting a closing price of 2.248 yuan and a premium of 14.5% compared to its net value [1] Group 2 - Industry experts suggest that the current gold and silver market is driven by emotions, with a warning that rapid price increases may lead to a potential market correction [2] - Analysts emphasize that if new funds continue to enter the market at high premiums, existing shareholders may face dilution of their interests if premiums decline [2]

Price Surge - Gold and silver prices have surged significantly, with gold reaching $5,240 and silver at $115.5, while the gold-silver ratio has dropped to a 15-year low of 45.4 [1][3] - Local gold prices in China vary, with prices around 1,620 RMB per gram, reflecting a nearly 200 RMB increase from the previous month [1] Market Dynamics - The market is experiencing discrepancies between local and international gold prices, with a notable arbitrage opportunity of 280 RMB between Shanghai gold and international prices [1] - Fund limitations on purchases are attributed to operational constraints rather than price increases, with significant premiums observed in silver funds [2][3] Trading Behavior - The trading environment is characterized by high volatility and emotional trading, with significant premiums on funds leading to a disconnect from actual value [2][3] - The Shanghai Gold Exchange has made adjustments to trading units, and the Shanghai Futures Exchange has limited silver trading to 800 contracts per day, indicating regulatory responses to market conditions [2] Industrial Demand - Silver demand remains strong, particularly from the photovoltaic sector, with a reported global shortage of 8,000 tons over five years [3][5] - The current low inventory levels of silver at LBMA, below 300 million ounces, raise concerns about future stability in the market [5] Fund Performance - Investors in silver funds are facing rapid losses due to high premiums, with a potential 31% turnover rate indicating speculative trading behavior [3] - The operational delays in fund redemptions and the impact of extreme market conditions can lead to significant financial losses for investors [3][6]

Group 1: Gold Market Overview - International gold prices have dropped to $5232.5 per ounce, with domestic gold prices falling to ¥1175.5 per gram, indicating a decrease in market demand for gold [1] - Major jewelry brands in China, such as Chow Tai Fook and Luk Fook, have seen their gold prices decline to around ¥1618 per gram, reflecting a reduced investment enthusiasm in the gold market [1][3] Group 2: Retail and Spot Market Dynamics - The domestic gold retail and spot market prices have reached new highs, with significant price differences between branded jewelry and investment gold bars, making the exchange's base gold price a key market indicator [2] - The price of gold jewelry from leading brands has stabilized above ¥1600 per gram, with prices for brands like Lao Feng Xiang and Chow Sang Sang reaching ¥1620 and ¥1614 per gram, respectively [3] Group 3: Investment Gold Pricing - The Shanghai Gold Exchange reported that Au9999 (pure gold) closed near ¥1179 per gram, with a daily increase of over 3%, while silver prices surged by 4.38% to ¥29,430 per kilogram [4] - Major banks have also raised their gold bar prices, with some banks like SPD Bank exceeding ¥1200 per gram, while the four major banks' gold bar prices range from ¥1180 to ¥1195 per gram [4] Group 4: Market Volatility and Speculation - The international spot gold market has shown remarkable strength, with prices surpassing the psychological barrier of $5200 per ounce, peaking at $5248.57, indicating a significant year-to-date increase [5] - The silver market has exhibited extreme volatility, with daily fluctuations prompting regulatory intervention to curb excessive speculation [7] Group 5: Fund Market Movements - The fervor in the precious metals market has led to severe premiums in related thematic funds, prompting management to implement restrictions [8] - Notable funds like E Fund and Guotai Junan have suspended subscriptions due to excessive premium rates, with E Fund's gold-themed fund showing a remarkable 76.9% increase over the past year [9] Group 6: Banking Sector Adjustments - In response to increased risks in direct gold investments, commercial banks are adjusting their product strategies by issuing structured deposits linked to gold [11] - Banks like Bank of Communications and China Merchants Bank have introduced products that combine deposit insurance with options on gold, offering potential annual returns of up to 3.2% [12] Group 7: Market Outlook and Investment Strategies - The precious metals market in 2026 is characterized by a complex interplay of high returns and high risks, with current prices and fund premiums indicating potential overvaluation [15][16] - Investors are advised against blindly chasing high-premium funds or heavily investing in physical gold at historical highs, suggesting a more balanced approach through structured deposits or gradual ETF allocations during market corrections [17]

Core Viewpoint - On January 29, a rare market event occurred where resource-related LOFs, including oil LOFs, experienced a collective surge, leading to multiple products hitting the daily limit up and subsequent announcements of suspension from trading [1][6]. Group 1: Market Performance - Several LOFs, including E Fund Oil LOF and Harvest Oil LOF, saw significant price increases, with many products reaching the daily limit up of approximately 10% [2][3]. - The WTI crude oil futures price reached $65.002 per barrel, marking a 2.83% increase and the highest level since September 2025 [5]. Group 2: Fund Suspension and Adjustments - Multiple fund companies announced the suspension of resource-related LOFs starting January 30, citing significant price deviations from net asset values as a warning to investors [6][7]. - The daily purchase limits for certain LOFs were drastically reduced, with the E Fund Oil LOF's limit dropping from 100 yuan to 2 yuan, and other funds adjusting their limits to 10 yuan [5][8]. Group 3: Market Dynamics and Investor Behavior - Analysts noted that the high premium rates of oil LOFs were driven by tight QDII quotas, low subscription limits, and a surge in investor interest due to the interplay of international oil prices and risk aversion [4][5]. - The combination of rising geopolitical risks, inflation expectations, and demand recovery contributed to strong upward momentum in commodity prices, particularly in the oil and precious metals sectors [5].