数字人民币试点提速：支付革新下，纸币从未远去 当苏州的街头巷尾开始随处可见数字人民币的支付标识，当无网支付、智能合约成为日常支付的新选项，数字人民币的全面试点正推动着我国货币体系迎来 一场本质性升级。作为央行发行的法定数字货币，数字人民币并非简单的"线上纸币"，而是适配数字经济时代的支付新形态。苏州率先试点的实践，让我们 看到了数字支付的无限可能，也让市场开始思考：数字人民币普及的背后，纸币真的会被淘汰吗？答案显然是否定的，这场支付革新的核心，从来不是替 代，而是多元融合。 时代催生变革：数字人民币的诞生逻辑 相较于纸币和第三方移动支付，数字人民币的优势体现在安全、便捷、普惠等多个维度，成为支付领域的一次全面升级。在苏州的试点实践中，这些优势被 不断验证，也让越来越多的市民接受并使用这一新支付方式。 安全是数字人民币的核心竞争力。依托央行的全程监管，数字人民币的每一笔交易都可追溯，且遵循"小额匿名、大额依法可溯"的原则，既保护了普通用户 的消费隐私，又能有效遏制电信诈骗、洗钱等违法犯罪行为。从苏州试点的反馈来看，数字人民币系统内几乎未出现诈骗案例，而这是第三方支付平台难以 企及的。究其原因，数字人民币的国家管 ...

大家新春好！ 值此辞旧迎新、万家团圆的美好时刻，我谨代表东亚前海证券有限责任公司，并应中国基金报之邀，向长期以来关心与支持公司发展的广大投资者、合作 伙伴及各界朋友，致以最诚挚的节日问候和最美好的新春祝福！祝愿大家在新的一年里，龙马精神，万事胜意，阖家安康！ 三、锚定航向：八方聚力，乘势而上 对于东亚前海证券而言，马年我们将紧扣"八方聚力，乘势而上"的年度主题，以坚定的步伐迈向高质量发展新征程。 "八方聚力"是我们的发展路径。对内，我们将进一步打破部门壁垒，推动跨业务、跨团队协同联动，激发内部发展活力；对外，深化与股东、合作伙伴及 广大客户的战略合作，整合各方资源、凝聚发展共识，形成上下同心、内外协同的强大发展合力。 "乘势而上"是我们的行动目标。我们将以更加积极主动的姿态，牢牢把握中国经济转型升级与资本市场深化改革的时代机遇，聚焦主责主业，持续提升客 户服务、资产配置、专业研究、合规和风险管理四大核心能力。我们将立足"五篇大文章"战略指引，持续发力财富管理业务，助力客户资产保值增值；强 化投资银行业务，精准服务实体经济直接融资需求；依托股东资源禀赋与协同联动，打造具有鲜明特色的跨境业务体系；稳健开展自营投资 ...

Group 1: Macro Economic Outlook - The global economic environment is becoming increasingly complex, with the Federal Reserve's monetary policy easing nearing its end and a restructuring of global liquidity patterns [1] - China's economic stability and continued openness are expected to enhance the attractiveness of RMB assets in global allocations [1] - The "14th Five-Year Plan" is set to inject continuous industrial momentum into the capital market through strategies like technological innovation, green transformation, and rural revitalization [1] Group 2: Capital Market Opportunities - The stock market presents structural opportunities, particularly in sectors like technology independence, energy transition, and consumer recovery, where companies with real competitiveness will continue to be revalued [2] - Key sectors expected to remain active include high-tech manufacturing and digital economy, with cross-border investment opportunities arising from the linkage between Hong Kong and A-shares [2] - The focus for 2026 will be on fundamental analysis, embracing "new demand" and "new supply" driven by national development and industrial upgrades [2] Group 3: Fixed Income Market Insights - The bond market retains allocation value, with interest rates likely to remain relatively low, supporting the stabilizing role of government bonds and high-grade credit bonds [3] - Investment opportunities will arise from detailed exploration of term spreads and credit spreads, as well as the flexible application of "fixed income plus" strategies [3] - Attention should be given to sub-sectors with low correlation to macro cycles and assets like REITs that provide stable cash flow characteristics [3] Group 4: Asset Allocation Strategy - Asset allocation should emphasize balance and flexibility, transitioning from "single Beta" to "multiple Alpha" strategies to mitigate risks associated with increased market volatility in 2026 [3] - A dynamic allocation approach across equities, fixed income, and alternative assets is recommended to find low-correlation combinations [3] - Strategic emphasis on alternative assets such as gold and certain commodities is advised for diversification, alongside the use of ETFs for efficient and precise risk management [3] Group 5: Financial Sector Developments - The "14th Five-Year Plan" emphasizes the acceleration of building a financial powerhouse, with significant focus on developing technology finance, green finance, inclusive finance, pension finance, and digital finance [4] - The company aims to deepen research and enhance services to support national goals and create greater value for society and clients [4]

Group 1 - The year 2026 marks the beginning of the "14th Five-Year Plan," with strategic deployments for high-quality development outlined by the Central Economic Work Conference and the 20th National Congress, emphasizing the direction for financial power and capital market development [1] - The public fund industry is undergoing comprehensive reform and accelerating high-quality development, with the total scale reaching 37.71 trillion yuan by the end of December 2025, reflecting an optimized growth structure [1] - The industry is actively creating theme index funds aligned with national strategies, particularly in the context of the "1+6" policies for the Sci-Tech Innovation Board, guiding funds towards technological innovation [1] Group 2 - Jin Ying Fund, a 23-year-old public fund management company, prioritizes investor interests and has implemented a series of optimization measures in product layout and management, including transparent passive index funds and clearly defined themes for actively managed products [2] - The company emphasizes professional value as its core competitiveness, integrating fund managers and researchers into a unified research platform to enhance communication and collaboration, aiming to deliver good investment returns to holders [2][3] - The year 2026 is seen as a pivotal year for the public fund industry to fully implement high-quality development, with Jin Ying Fund committed to deepening reforms and contributing to the construction of a financial power and modernization in China [3]

Core Insights - Postal Savings Bank of China (PSBC) is focusing on expanding inclusive small loans to support local businesses, particularly in the agricultural and seafood markets, thereby promoting the development of the real economy [1][3][4] Group 1: Business Impact - PSBC's Taiyuan branch has effectively addressed the funding challenges faced by small merchants in the Wulongkou Seafood Market, which is a key distribution center for fresh produce [1][3] - The bank has simplified its loan approval process and improved disbursement efficiency, allowing funds to reach businesses quickly [1][3] Group 2: Success Stories - A merchant named Yao Qihu, who has been in the garlic and ginger wholesale business since 2000, increased his annual sales from 10 million to 50 million yuan after receiving loans totaling 2.57 million yuan from PSBC [3] - Wang Wentao, a fruit wholesaler, plans to apply for a loan of 1 to 2 million yuan, benefiting from the bank's efficient service and agricultural subsidy policies [3] - Li Shengmei, who has been in the seafood industry for over 20 years, received a credit line of 1 million yuan from PSBC, which helped expand her business [4] Group 3: Financial Services - PSBC has provided credit to 300 merchants in the Wulongkou Seafood Market, with a total credit amount of 60 million yuan, significantly alleviating their financial pressures [6] - The bank offers tailored financial service solutions, including "rent loans" and "industry loans," aligning with national policy to reduce financing costs for merchants [6] - PSBC has implemented a digital platform for online loan applications, enhancing approval efficiency and providing a comprehensive suite of financial services, including deposits and payment solutions [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：补偿落地！国投白银LOF估值调整专项方案正式发布，超9成投资者获全额补偿 来源：今晚吃基 春节前最后一天，国投瑞银终于把大家翘首以盼的白银基金补偿方案给端上来了——而且说实话，比我 预想的要厚道不少。 之前白银LOF基金净值一夜之间从-17%被下调至-31.5%，公告拖到晚上十点才发，让不少在1月30日15 点后、2月2日15点前赎回的散户措手不及。 一时间，市场哗然，质疑声四起。 但这次，国投瑞银没有"装死"，反而主动站出来，拿出了一个分层补偿方案： 对于因估值调整损失1000元以下的自然人投资者，全额赔付； 超过1000元的部分，则按"1000元保底 + 超出部分乘以一定比例"来计算和解金额。 最值得点赞的是，90%以上的受影响个人投资者都属于第一档，也就是说，绝大多数小散户一分钱都不 会亏。 这就是妥妥的"普惠金融"嘛！ 尤其是在春节前夕加班加点赶出方案，诚意拉满。 作为长期关注公募行业的博主，我得说一句公道话： 这次国投瑞银虽然在信息披露节奏上确实"不合情"（收盘后深夜发公告确实欠妥），但在善后处理上展 现了应有的担当。他们没推诿、没拖延，而是迅 ...

专题：补偿落地！国投白银LOF估值调整专项方案正式发布 来源：投基摸狗 方案出来了，而且还超预期了，真不容易，赶在春节之前出来了，也算是让投资者过个好年。 我说说我的看法。 这是方案的具体公告： 我们遵循分层分类、便捷可靠的原则制定本方案，以最大限度保护投资者特别是中小投资者的合法权 益。方案适用范围为国投瑞银白银期货证券投资基金（LOF）以2026年2月2日净值确认赎回（含2026年 1月30日15点之后至2月2日15点之前提交赎回申请）的自然人投资者，不含机构投资者。 具体方案如下： 今天已经是除夕前一天，春节也放假了，大部分人应该是回家或是在回家路上了，今晚出方案，应该是 假期加班的结果，都不容易。 赶在春节前出方案，也及时回应了投资者关切，让投资者过个好年。 1．对估值调整影响金额（由-17%调至-31.5%的部分）为1000元以下的自然人投资者，按实际影响金额 全额确定和解金额（该部分投资者占当日赎回投资者的比例超9成）。 2．对估值调整影响金额（由-17%调至-31.5%的部分）超过1000元（含）的自然人投资者，在1000元基 础上加上超1000元部分乘以一定比例确定总和解金额。 第一、说实话， ...

Core Viewpoint - As the Spring Festival approaches, the supply and pricing of essential food items in Shanghai are being closely monitored, with financial support from Agricultural Bank of China (ABC) playing a crucial role in ensuring stability and availability of agricultural products [2][8]. Group 1: Agricultural Supply and Technology - Yongda Mushroom Industry, located in Shanghai's Baoshan District, is a leading agricultural enterprise that supplies over 20 types of edible mushrooms year-round to major retailers like Hema, JD, and Meituan [3]. - The company utilizes factory cultivation technology to achieve large-scale production, moving away from traditional production methods [3][4]. - Yongda has developed patented mushroom varieties and has received organic product certification, indicating a commitment to sustainable agricultural practices [4]. Group 2: Financial Support and Growth - Yongda Mushroom Industry plans to invest over 30 million yuan in a new cold chain processing facility post-Spring Festival, supported by a 20 million yuan credit line from ABC [5]. - ABC's "Agricultural Science Loan" product has been instrumental in providing financial support to agricultural technology enterprises, with a loan balance exceeding 120 million yuan as of January 2026 [5]. Group 3: Market Dynamics and Demand - Shanghai's Jiangyang Market serves as a key supply base for the city, with companies like Shanghai Muke International Trade Co., Ltd. actively involved in the import and distribution of frozen beef, expecting sales to exceed 500 million yuan by 2025 [6]. - The demand for high-quality agricultural products has surged, with Yongda's order volume during the Spring Festival expected to double compared to regular periods [4]. Group 4: Financial Products for Small Businesses - ABC has expanded its "Merchant e-loan" product to individual businesses in Jiangyang Market, facilitating access to credit based on purchase contracts, with over 1 billion yuan disbursed in 2025 [8]. - The bank's support has been crucial for small and micro enterprises, helping them manage cash flow and operational costs effectively [8].

2026年2月14日 旧岁已展千重锦,新年再进百尺竿。面向 党的二十届四中全会擘画的宏伟蓝图,让我们 以泰山"挑山工"的坚韧、以骏马驰骋的豪 情,携手并肩,逐光而行,推动全行经营发展 再上新台阶,为新时代社会主义现代化强市建 设贡献更多金融力量! 祝愿大家新春快乐、龙马精神、阖家幸 福、万事如意! 泰安银行 党委书记、董事长 岁序更迭,华章日新。丙午新春的钟声即 将敲响,在这万象更新的美好时刻,我谨代表 泰安银行党委,向长期以来信任支持我们的广 大客户、各界朋友,向辛勤奉献的全行员工及 家属,致以最诚挚的问候和最美好的祝福! 刚刚过去的2025年,泰安银行在市委、市 政府正确领导下,坚持"稳中求进"工作总基 调,以"服务地方"为笔,以"金融为民"为 墨,在泰汶大地上奋力书写着地方金融机构的 责任与担当,交出了一份主业更强、绩效更 优、贡献更大、经营更稳的答卷。一年来,我 们积极融入泰安市经济社会发展大局,持续加 大对绿色金融、科技金融、普惠金融、养老金 融、数字金融等领域的信贷投放,精准服务重 点项目、民营小微和乡村振兴,切实发挥地方 金融主力军作用,以源源不断的金融活水,为 泰安市新型工业化强市建设注入了强 ...

Core Viewpoint - Shanghai Bank has successfully implemented the first "private investment" guarantee business in the elderly care sector in Shanghai, aimed at enhancing financial support for民生服务 and promoting the development of the private economy [1][2]. Group 1: Business Implementation - The "private investment" financing plan was tailored for Yuanyuan Catering, a company specializing in community elderly meal services, which operates over 40 self-managed community canteens and serves more than 30 cooperative meal points [1][2]. - The financing solution addresses the company's operational needs for stable working capital, including food procurement and employee salaries, with approval and disbursement completed in just 2 working days [1][2]. Group 2: Policy Support and Collaboration - The Municipal Financing Guarantee Fund Management Center provided comprehensive professional guidance during the implementation, offering differentiated policy support such as expanding financing areas and increasing credit limits [3]. - Shanghai Bank established a special working group to study policy details and align with fiscal interest subsidies, focusing on accurately meeting the financing needs of small and micro enterprises [3]. Group 3: Future Plans - Shanghai Bank plans to deepen cooperation with government and guarantee institutions, optimizing products like personal business loans and fixed asset loans under the "private investment" guarantee policy [2][3]. - The bank aims to expand the coverage of inclusive finance, focusing on key areas such as green, digital, and health elderly care, to support high-quality development of the real economy and private sector [2][3].