北京时间周日晚间，沙特阿拉伯股市录得将近九个月来最大跌幅，投资者评估也门、伊朗以及委内瑞拉地缘局势紧张可能带来的冲击。 衡量沙特股市整体表现的Tadawul全股指数（Tadawul All Share Index）下跌近2%，为今年4月特朗普的关税政策引发全球市场波动以来的最大单日 跌幅；各行业板块全线收跌。该基准指数也收于2023年10月以来最低水平，过去一个月大部分时间都在这一附近徘徊。 大家好，世界不太平，美国刚刚轰炸完委内瑞拉，沙特对也门进行空袭，受两件事情影响，沙特股市突然暴跌，一起看看怎么回事。 市场波动之际，消息面上，也门东部迈赫拉省地方官员4日称，沙特阿拉伯当日对该省进行了空袭。这名官员表示，空袭目标位于迈赫拉省省会盖达 的一处军事基地，目前尚未收到人员伤亡报告。也门南方过渡委员会部队原定4日撤出迈赫拉省并返回亚丁。目前空袭原因尚未明确，有消息称，有 南方过渡委员会部分部队拒绝撤出迈赫拉省。 另一方面，伊朗最高领袖哈梅内伊也就造成多人死亡的抗议活动发声，称其为外部势力煽动，并予以反驳。 分析师表示，"当前沙特市场的走弱，反映的是区域地缘政治问题，尽管目前并没有出现对抗或升级的迹象，尤其是在也门 ...

【导读】沙特股市暴跌 另一方面，伊朗最高领袖 哈梅内伊 也就造成多人死亡的抗议活动发声，称其为外部势力煽动，并予以反驳。 中国基金报记者 泰勒 大家好，世界不太平，美国刚刚轰炸完委内瑞拉， 沙特对也门进行空袭，受两件事情影响，沙特股市突然暴跌，一起看看怎么回事。 北京时间周日晚间，沙特阿拉伯股市录得将近九个月来最大跌幅，投资者评估也门、伊朗以及委内瑞拉地缘局势紧张可能带来的冲 击。 衡量沙特股市整体表现的 Tadawul全股指数（Tadawul All Share Index） 下跌近2% ，为今年4月特朗普的关税政策引发全球市场波 动以来的最大单日跌幅；各行业板块全线收跌。该基准指数也收于 2023年10月以来最低水平 ，过去一个月大部分时间都在这一附近 徘徊。 与此同时， 卡塔尔、阿曼和巴林 的股市则小幅走高。 市场波动之际，消息面上， 也门东部迈赫拉省地方官员4日称，沙特阿拉伯当日对该省进行了空袭。这名官员表示，空袭目标位于迈 赫拉省省会盖达的一处军事基地，目前尚未收到人员伤亡报告。也门南方过渡委员会部队原定4日撤出迈赫拉省并返回亚丁。目前空袭 原因尚未明确，有消息称，有南方过渡委员会部分部队拒绝撤出迈 ...

更炸裂的新闻还在后面。 来源：中国能源网 导语：2026年1月3日外盘第一天：黄金白银涨不动、美元指数虽然没跌，但美股三大指数涨跌参半，这 意味着黄金没有提供"避险叙事的宏观安全感"，权益资产没能提供"流动性充裕的确认"。更炸裂的是， 美国空袭委内瑞拉，意图组建"美国版欧佩克"，这次地缘之火在美国后花园展开，但和俄乌战争的逻辑 相近，观望明日能源和化工产品是否在川皇操作下引发开门红。世界在等待中国开盘。 元旦期间外盘趋势：金银贵金属一路长虹，能源农业继续垫底 | | 主要品种流跃船 | | | | --- | --- | --- | --- | | 国际品种名称 | 12 31 H 北京时间下午3点 | 1月3日 北京时间上午6点 | 漆跌幅 | | | 外盘收盘价 | 外盘收盘价 | | | 美元指數 | 98. 30 | d8. 42 | 0. 15% | | 离岸人民币加权 | 6. 9526 | 6. 9373 | 0. 22% | | 恒生指数 | 25630. 54 | 26338. 47 | 2. 76% | | A50指数加权 | 15262 | 1544a | 1 532 | | 道屋斯工业 ...

【1月4日香港财政司司长称港金融市场可为内地前沿科企提供资金支持】1月4日，香港特区政府财政司 司长陈茂波表示，国家推进高水平科技自立自强，香港金融市场能为内地前沿科企提供有力资金支持。 截至去年年底，超400家新公司在港上市。预计今年申请上市企业中，前沿科企将陆续到来。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

UNforex 1月2日讯（分析师 Stephen）2026年首个交易日，全球金融市场仍笼罩在节假日氛围之中，整 体波动有限。周五欧洲时段，美元指数在98.00关口上方维持窄幅整理，主要股指期货小幅走高，涨幅 介于0.3%至0.7%之间，显示资金在年初阶段依然保持谨慎配置。 欧洲早盘，黄金延续此前反弹走势，XAU/USD 围绕每盎司4375美元一线震荡，当日涨幅接近1%。市 场对美国在2026年进一步放松货币政策的预期，为金价提供中期支撑；与此同时，全球地缘政治不确定 性抬升，强化了黄金的避险吸引力。 在低利率预期背景下，持有黄金的机会成本持续下降，新年初资金对避险资产的配置意愿保持稳定。需 要注意的是，芝加哥商品交易所（CME）近期上调黄金与白银期货保证金水平，或在一定程度上抑制 短线追涨动能。同时，部分交易员选择在假期前后进行仓位调整，阶段性获利了结现象仍然存在。 外汇市场整体延续平稳格局。周五早盘，英镑/美元继续反弹，站稳1.3450上方。市场预期，若新任美 联储主席政策立场偏向温和，美元可能面临一定调整压力，从而对英镑形成支撑。英国央行此前已将基 准利率下调至3.75%，并重申将采取循序渐进的宽松路径 ...

中经记者 孙汝祥 夏欣 北京报道 2025年12月31日，证监会发布《关于推动不动产投资信托基金（REITs）市场高质量发展有关工作的通 知》（以下简称"《通知》"）。《通知》明确提出，推动商业不动产REITs平稳健康发展，加快推进 REITs市场体系建设，完善REITs申报注册制度机制，加强监管与风险防范。 同日，《中国证监会关于推出商业不动产投资信托基金试点的公告》（以下简称"《公告》"）正式发 布，并自当日起实施。 除了推动商业不动产REITs平稳健康发展外，《通知》还提出要加快推进REITs市场体系建设，完善 REITs申报注册制度机制，加强监管与风险防范。 《通知》表示，重点支持符合政策导向、具有商业属性的资产发行商业不动产REITs，提高发行上市效 率。鼓励REITs持有业态相近、功能互补或运营协同的资产组合，推动跨领域资产整合，提升规模效应 和风险分散能力。支持经营规范、治理健全、资产管理经验丰富的银行保险业资产管理公司等金融机构 参与商业不动产REITs业务。有序拓展原始权益人范围。 《公告》明确了商业不动产REITs的定义，指通过持有商业不动产以获取稳定现金流并向基金份额持有 人分配收益的封 ...

Metal Market - Domestic base metals generally rose, with only lead and tin declining by 0.66% and 0.45% respectively. Nickel and aluminum both increased by over 2%, with nickel rising 2.44% to a new high of 135,570 yuan/ton, and aluminum up 2.25% to 23,030 yuan/ton, marking the highest since March 2022 [1] - In the external market, base metals mostly fell, with only London aluminum and lead rising by 0.4% and 0.2% respectively. Tin and nickel dropped over 1%, with tin down 1.67% and nickel down 1.47% [1] - Precious metals saw declines, with COMEX gold down 1.16% and silver down 8.66%. Domestic gold and silver also fell by 0.85% and 4.27% respectively [1] Macro Environment - The National Bureau of Statistics reported that China's manufacturing PMI for December was 50.1%, indicating a recovery in economic activity. The new orders index rose to 50.8%, and the production index increased to 51.7%, reflecting positive changes in the manufacturing sector [5] - The National Development and Reform Commission announced a total of approximately 295 billion yuan for early-stage construction projects and central budget investments for 2026, aimed at stabilizing investment [6] - The People's Bank of China conducted a net injection of 502.8 billion yuan through reverse repos, maintaining the operation rate at 1.40% [7] - The USD/CNY exchange rate was reported at 7.0288, with the dollar index rising 0.09% to 98.31. The Federal Reserve's meeting minutes indicated a potential for future rate cuts if inflation decreases as expected [8] Oil Market - Both WTI and Brent crude oil prices fell slightly, with WTI down 0.1% and Brent down 0.11%. Analysts predict a nearly 20% decline in oil prices in 2025, with Brent potentially experiencing the longest annual decline in history due to oversupply [11] - OPEC+ is expected to pause production increases in the first quarter of 2026, with analysts forecasting that supply will exceed demand, leading to further price drops [11]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content. 2. Core Viewpoints - In the short - term, the stock index is expected to remain relatively strong as it broke through the previous oscillation range last week. In 2026, the rapid rise phase driven by liquidity and market risk preference may have ended, and the A - share "slow - bull" pattern is entering the second half. With macro - policy support, inflation warming, and capital market policy guidance, the stock index is expected to rise further in 2026 compared to 2025. Futures traders can use the futures discount structure to enhance the winning rate of long - position strategies [6]. 3. Summary by Relevant Catalogs Interest Rates and Bond Markets - DR001 closed at 1.24 with a - 0.21bp change, DR007 at 1.69 with a 9.30bp change, GC001 at 2.04 with a 20.00bp change, and GC007 at 2.05 with a 2.50bp change. SHBOR 3M was at 1.60 with no change, and LPR 5 - year was at 3.50 with no change. The 1 - year, 5 - year, and 10 - year Chinese government bonds were at 1.34, 1.61, and 1.86 respectively, with changes of 0.50bp, 1.25bp, and 0.20bp. The 10 - year US Treasury bond was at 4.12 with a - 2.00bp change [3]. - The central bank conducted 4823 billion yuan of 7 - day reverse repurchase operations with an operating rate of 1.40% yesterday. With 673 billion yuan of reverse repurchases maturing, the net investment was 4150 billion yuan. This week (December 29, 2025 - January 4, 2026), 6227 billion yuan of reverse repurchases will mature [3][4]. Stock Indexes and Futures - The closing prices and changes of major stock indexes: the CSI 300 rose 0.26% to 4651, the SSE 50 rose 0.06% to 3037, the CSI 500 rose 0.38% to 7459, and the CSI 1000 rose 0.04% to 7597. The trading volume of the Shanghai and Shenzhen stock markets was 21426 billion yuan, a slight increase of 33 billion yuan. Industry sectors showed more declines than increases [5][6]. - The trading volume and position changes of stock index futures: IF volume was 94429 with a - 1.8% change, and its position was 281129 with a 1.9% change; IH volume was 41166 with a 4.2% change, and its position was 88407 with a 1.3% change; IC volume was 117475 with a 4.2% change, and its position was 288847 with a 4.7% change; IM volume was 163327 with a 2.3% change, and its position was 372661 with a 3.0% change [5]. - The current, next - month, current - quarter, and next - quarter contracts of IF had an average premium of 3.55%, 3.21%, 2.85%, and 3.36% respectively; IH had 0.81%, 0.73%, 0.17%, and 0.71% respectively; IC had 0.50%, 3.91%, 4.77%, and 7.38% respectively; IM had 0.99%, 7.14%, 8.29%, and 10.38% respectively [7].

Core Viewpoint - The recent increase in gold market attention is driven by central bank actions, particularly China's continued accumulation of gold reserves, which reflects a long-term asset allocation strategy rather than a short-term response to market fluctuations [1][3]. Group 1: Central Bank Actions - The People's Bank of China increased its gold reserves by 30,000 ounces (approximately 0.93 tons) in November, marking the 13th consecutive month of expansion in gold holdings [1]. - Globally, central banks collectively net purchased 53 tons of gold in October, a 36% month-over-month increase, reaching a new high for monthly demand in 2023 [1]. Group 2: Market Dynamics - The price of gold has been on a significant upward trend, with over 50 instances of new historical highs this year and a year-to-date return exceeding 60%, outperforming other major asset classes [1][3]. - The ongoing net purchases by central banks indicate a focus on optimizing reserve structures and risk diversification, reinforcing gold's position in official reserve systems [3]. Group 3: Differences Between Gold and Forex - Gold is a single asset with intrinsic value, while forex represents the relative value between two currencies, reflecting the performance of different economies [5]. - The forex market is the largest financial market globally, with daily trading volumes reaching several trillion dollars, while the gold market is smaller and influenced by both physical and investment demand [7]. - Gold prices exhibit relatively moderate daily fluctuations but can experience rapid changes during financial crises or geopolitical tensions, whereas forex markets are more volatile and sensitive to economic data and policy changes [8]. Group 4: Influencing Factors - Gold prices are influenced by various factors, including physical demand (jewelry, industrial use), geopolitical risks, global economic conditions, and interest rates [10]. - Forex prices are shaped by interest rate differentials, economic fundamentals, political risks, international trade, and investor sentiment [12]. Group 5: Investment Considerations - Gold is more suitable for long-term asset allocation and risk hedging, while forex trading is better for capitalizing on macroeconomic changes [14]. - Investors should align their choices with their financial capacity, risk tolerance, and trading habits, considering the underlying logic of price movements rather than merely focusing on price changes [14].

Group 1 - The core viewpoint is that Hong Kong's development will be driven by three key engines: finance, innovation and technology, and trade [1][3] Group 2 - Hong Kong aims to enhance its advantages in the financial market by improving stock market competitiveness and attracting quality companies to list [3] - The government plans to diversify the financial market by exploring new opportunities in bulk commodity trading and international gold trading [3] - There is a focus on accelerating the development of a world-class innovation and technology hub, particularly in collaboration with cities in the Guangdong-Hong Kong-Macao Greater Bay Area [3] - The strategy includes attracting more world-class pharmaceutical companies and medical research institutions to establish a presence in Hong Kong, along with implementing a "first-tier approval" mechanism for drug and medical device registration [3] Group 3 - In terms of trade, Hong Kong will continue to play the role of a "super connector" and "super value adder" to support mainland Chinese enterprises in their international expansion [3] - The economic outlook for Hong Kong is positive, with expectations of moderate expansion in the global economy and continued support from mainland China and the broader Asian region [3] - Market expectations of interest rate cuts are anticipated to improve the business and investment climate [3]