Core Viewpoint - The recent suspension of real-time fund valuation by various third-party financial platforms has raised concerns among investors about how to make informed investment decisions without access to real-time data [1]. Group 1: Suspension of Real-Time Valuation - Multiple third-party platforms have removed the real-time valuation feature for funds, now only displaying the previous day's net value [1]. - The regulatory authorities mandated the removal of real-time valuation features to prevent misleading investors, as discrepancies exist between real-time estimates and actual net values [1]. Group 2: Alternative Investment Strategies - Investors can estimate the daily valuation of funds by monitoring the performance of corresponding indices, such as using the Shanghai and Shenzhen 300 Index for index funds [3]. - For industry-themed funds, investors should track the relevant industry indices, while bond funds can refer to the China Bond Composite Index [3][4]. - It is suggested that investors focus on the investment strategy, long-term performance, and risk management of the fund rather than short-term fluctuations [4].

在多平台下架"基金实时估值"相关功能后，不少博主在小红书等社交平台分享可进行实时估值的小程序或是软件。 此前报道：突发！基金实时估值再被叫停 应监管要求，多平台于月初下架"基金实时估值"相关功能，随后小红书平台多个笔记显示，大量账号分享了自制的实时估值小程序或软件。不过最近几日 小红书禁言了多个分享基金实时估值工具的博主。记者注意到，上周发布的关于基金实时估值小程序或软件的笔记，有不少已被删除，部分分享链接已不 可用。有博主开小号称大号被禁言一个月，并在笔记评论区"指路"同名公众号。 不过，最近小红书已关注到这一现象，部分账号因此被禁言、相关笔记被删除。记者注意到，有被禁言账号转战微信公众号，也有博主转向小红书群聊分 享。不过已有博主称被举报后禁止使用群聊部分功能。 不久前监管机构发布的2026年第1期机构监管情况通报提到，日常监管关注到部分基金销售机构和非持牌的第三方平台重新上架"基金实时估值"功能，直 接提供或通过"净值参考""板块涨跌"等形式变相提供"基金实时估值"功能，同时还衍生出按平台当日申购金额排序的"加仓榜"、展示用户持仓收益和明细 的"实盘榜"等。上述功能可能误导投资者，摊薄基金产品收益，引发 ...

深圳商报·读创客户端记者 詹钰叶 在多平台下架"基金实时估值"相关功能后，不少博主在小红书等社交平台分享可进行实时估值的小程序或是软件。不过，最近小红书已关注到这一现象，部 分账号因此被禁言、相关笔记被删除。记者注意到，有被禁言账号转战微信公众号，也有博主转向小红书群聊分享。不过已有博主称被举报后禁止使用群聊 部分功能。 不久前监管机构发布的2026年第1期机构监管情况通报提到，日常监管关注到部分基金销售机构和非持牌的第三方平台重新上架"基金实时估值"功能，直接 提供或通过"净值参考""板块涨跌"等形式变相提供"基金实时估值"功能，同时还衍生出按平台当日申购金额排序的"加仓榜"、展示用户持仓收益和明细的"实 盘榜"等。上述功能可能误导投资者，摊薄基金产品收益，引发投诉纠纷，应当予以规制。并指出基金销售机构及第三方网络平台要加强自查自纠，按期下 架"基金实时估值""加仓榜""实盘榜"等功能，杜绝误导投资者的行为。 应监管要求，多平台于月初下架"基金实时估值"相关功能，随后小红书平台多个笔记显示，大量账号分享了自制的实时估值小程序或软件。不过最近几日小 红书禁言了多个分享基金实时估值工具的博主。记者注意到，上周发 ...

Core Viewpoint - The recent ban of the popular financial influencer "Love Finance Little Sheep" on social media platforms is linked to regulatory scrutiny over fund sales violations, raising concerns about the compliance of internet influencers in financial marketing [6][9]. Group 1: Influencer's Background and Impact - "Love Finance Little Sheep" has over 4.3 million followers on Douyin and more than 1 million on Ant Wealth, showcasing significant influence in the financial community [2]. - The influencer's secondary account, which has 2 million followers, is also under a ban, indicating a broader crackdown on financial content creators [4]. Group 2: Regulatory Context - The ban is associated with a recent incident where a fund product's daily subscription exceeded 10 billion yuan, leading to regulatory investigations into marketing practices involving internet influencers [6]. - The regulatory body found that a fund company collaborated with unqualified internet influencers, paying them large sums for promoting fund purchases, which misled investors with varying risk tolerances [6][9]. Group 3: Industry Response and Changes - Following the regulatory actions, multiple platforms, including Ant Wealth and JD Finance, have introduced "real account" features to enhance user engagement, but this has also led to increased scrutiny of influencers showcasing their investment portfolios [8][10]. - The recent actions by Xiaohongshu to ban certain fund valuation content creators reflect a tightening of compliance measures in the fund sales sector, responding to concerns about misleading investor information [8][10].

Group 1 - The store involved in the incident with two middle school girls issued an apology and stated it would implement thorough reforms following the wrongful detention of the girls, who were suspected of shoplifting [1][5] - The incident occurred on February 2, when the girls were detained for 20-30 minutes after the store received a video alert from headquarters, leading to a confrontation with the girls' parents and police involvement [7] Group 2 - Meituan announced a $717 million acquisition of Dingdong Fresh, with the deal allowing Dingdong to withdraw up to $280 million from its group while ensuring a minimum net cash of $150 million [7] - Dingdong's founder emphasized that the company's core competitive advantages would remain intact post-merger, and the business and team would continue to operate stably [8] Group 3 - Xiaomi announced a reduction in the safety mileage threshold for its assisted driving feature from 1,000 km to 300 km to help users gradually familiarize themselves with the technology [11] - Tencent Games released a notification limiting gameplay for minors during the winter vacation period, allowing only 15 hours of playtime over 29 days [12] Group 4 - The China Securities Regulatory Commission initiated an investigation into the actual controller of Beiliqingsong, Ma Xuejun, for suspected market manipulation, although it is stated that this will not significantly impact the company's operations [15] - Sony raised its full-year operating profit forecast to 1.54 trillion yen, up from a previous estimate of 1.43 trillion yen, following a strong performance in the third quarter [24] Group 5 - Volvo reported fourth-quarter revenue of 94.4 billion Swedish Krona, down from 112.1 billion Swedish Krona year-on-year, with operating profit also declining [25] - NIO projected an adjusted operating profit of between 700 million to 1.2 billion RMB for the fourth quarter of 2025, marking its first quarter of adjusted operating profit [26]

Core Viewpoint - Xiaohongshu has implemented a ban on certain "real-time fund valuation bloggers" following regulatory guidance to enhance self-inspection and rectify misleading functionalities related to fund sales [1][2]. Group 1: Regulatory Actions - Regulatory bodies have emphasized the need for fund sales institutions and third-party platforms to conduct self-checks and remove features like "real-time fund valuation," "increased positions leaderboard," and "live trading leaderboard" that may mislead investors [1][2]. - Some self-media accounts have continued to operate against regulations by developing and disseminating real-time fund valuation tools to attract followers [1][2]. Group 2: Platform Responses - A specific Xiaohongshu account has been banned for violating community rules, with multiple posts sharing real-time fund valuation tools deleted [1][2]. - Links to software selling real-time fund valuation tools have also been removed from the platform [1][2].

Group 1 - The core viewpoint of the article highlights that Xiaohongshu has implemented a ban on certain "real-time fund valuation bloggers" following regulatory announcements emphasizing the need for fund sales institutions and third-party platforms to enhance self-inspection and rectify misleading functionalities [1] - Regulatory bodies have mandated the removal of features such as "real-time fund valuation," "increased positions leaderboard," and "actual trading leaderboard" that may mislead investors, indicating a crackdown on misleading financial tools [1] - Despite regulatory actions, some self-media accounts continue to promote real-time fund valuation tools, demonstrating a disregard for compliance, as evidenced by the banning of a specific Xiaohongshu account for violating community rules [1] Group 2 - The article references previous reports indicating that real-time fund valuation tools have been removed from various platforms, with some influencers still attempting to sell alternative tools despite the crackdown [2] - The mention of the iMoutai app crashing and the rapid sellout of the 1499 yuan Flying Moutai suggests a high demand for premium products, reflecting consumer behavior trends in the market [2] - The introduction of a humanoid robot by Jia Yueting indicates ongoing innovation in technology sectors, although it raises questions about the company's focus on electric vehicle production [2]

Core Viewpoint - The article highlights the recent controversy surrounding the misleading marketing practices of fund companies, particularly focusing on the incident involving Debon Fund, which raised 12 billion in a single day, prompting regulatory scrutiny on real-time valuation tools and their potential to mislead investors [1][20]. Group 1: Regulatory Actions - Regulatory authorities have mandated fund sales institutions and third-party platforms to enhance self-inspection and remove misleading features such as "real-time valuation" and "acquisition rankings" [1][20]. - Major platforms like Ant Fund, JD Finance, and others have quickly removed these functionalities in response to regulatory demands [1][20]. Group 2: Social Media Influence - Influencers on platforms like Xiaohongshu have begun to develop and promote real-time valuation tools, despite regulatory warnings, indicating a trend of evading compliance [3][7]. - Posts related to fund valuation tools have surged on social media, with influencers directing interested investors to private groups for further engagement [3][7]. Group 3: Market Reactions - The removal of certain functionalities has led to a significant increase in user engagement on these platforms, with some platforms offering membership incentives to retain users [17][18]. - Despite the regulatory push, some platforms have not fully complied, continuing to offer modified versions of real-time valuation tools, which raises compliance concerns [11][15]. Group 4: Investor Education and Misunderstanding - There is a persistent misunderstanding among investors regarding the difference between net asset value (NAV) and real-time valuation, which can lead to significant discrepancies in perceived fund performance [20][21]. - The article emphasizes the need for better investor education to clarify these differences and mitigate the risks associated with misleading valuation tools [20][21]. Group 5: Case Study of Debon Fund - The Debon Fund incident serves as a case study illustrating the potential consequences of misleading real-time valuations, where the fund's reported real-time increase of 13.01% contrasted sharply with its actual NAV increase of only 8.31% [22][23]. - This discrepancy highlights the risks of treating funds as short-term trading instruments rather than long-term investment vehicles, raising questions about the ethical implications of such marketing practices [22][23].

Group 1 - On the first day of the Spring Festival travel rush, the national railway is expected to send 12 million passengers, with a total of 540 million passengers expected during the travel period from February 2 to March 13, 2026, representing a 5% year-on-year increase [2][5] - The Shanghai Gold Exchange announced adjustments to the margin levels and price limits for silver deferred contracts due to significant price volatility, increasing the margin from 20% to 26% and adjusting the price limit from 19% to 25% [2][5] - The regulatory authorities have taken swift action against the marketing irregularities of certain fund companies, leading to the complete removal of "real-time fund valuation" features that mislead investors [2][5] Group 2 - On the first day of the Spring Festival, China Eastern Airlines commenced regular commercial flights for its domestically produced C919 aircraft on the Shanghai-Zhuhai route, with a total of 14 C919 aircraft operating 18 routes [4][5] - The South Korean stock market experienced a significant drop, with the KOSPI index falling over 5%, triggering a trading halt for 5 minutes [6] - Japan reported successful extraction of rare earth-containing mud from a depth of 6000 meters in the Pacific Ocean during a deep-sea drilling operation [6] - Citigroup warned that gold valuations have reached extreme levels, with global gold expenditure as a percentage of GDP soaring to 0.7%, the highest in 55 years, indicating potential risks of a price drop if the allocation ratio returns to historical norms [6]

Core Viewpoint - Recent regulatory actions target the collaboration between fund companies and unqualified internet influencers, aiming to protect investors from misleading marketing practices and potential financial risks [1][3][9]. Group 1: Regulatory Actions - The Securities and Fund Institutions Regulatory Division reported that D Fund Company engaged in marketing partnerships with unqualified internet influencers, leading to misleading promotions that encouraged unsuitable investors to purchase high-risk products [1][3]. - Regulatory measures include ordering D Fund Company to correct its practices and suspending the registration of its public fund products, holding responsible parties accountable [3][9]. - The report emphasizes the need for fund companies to enhance investor suitability management and prohibits collaborations with unqualified influencers [9][10]. Group 2: Misleading Marketing Practices - Influencers often showcase personal investment successes and market insights, which can mislead followers into making impulsive investment decisions [2][3]. - The report highlights that some fund sales institutions and unlicensed platforms have reintroduced features like "real-time fund valuation," which can mislead investors and dilute fund returns [6][7]. - The use of performance rankings and real-time valuation features by platforms is seen as a tactic to attract investors, potentially leading to significant inflows into funds without adequate risk disclosure [7][9]. Group 3: Industry Response - The industry is witnessing a crackdown on misleading practices, with platforms like Knowledge Planet and Xueqiu taking steps to eliminate unqualified content and protect investors [9][10]. - Influencers with large followings are facing scrutiny, and some have reported suspending partnerships due to regulatory pressures [9][10]. - The regulatory framework aims to ensure that financial product promotions are truthful and that investors are adequately informed about risks [8][9].