政策驱动从合规走向自主可控。信创政策深化，以《金融科技发展规划（2022–2025年）》为指引，推动核心系统、数据库和中间件的国产化替代持续加 速。 技术创新引领底层架构变革。金融机构对云计算接受度显著提升，截至2025年约有75%、85%、90%的金融机构已分别完成核心业务系统、办公系统、外围 业务系统的云端部署。 AI大模型驱动业务智能化转型。AI正快速渗透核心业务，推动行业从规则驱动向智能决策转型；券商加快极速交易与GPU加速系统建设，以实现微秒级延 迟控制。 业务需求升级为价值创造引擎。财富管理、普惠金融等新兴业务场景，推动IT投资从"刚性支出"迈向"结构性增长"。 1月12日，截至9时34分，金融科技板块表现活跃，中证金融科技主题指数上涨超1.5%。成份股方面，AI金融概念股领涨，拓尔思、普元信息领涨超10%， 电科数字上涨8.73%，东信和平上涨6.67%。热门ETF方面，同类流动性最佳的金融科技ETF（159851）场内价格涨超2%，创2025年11月以来新高，放量成 交超2亿元。 多角度把握金融科技机会，建议重点关注金融科技ETF（159851）及其联接基金（A类013477、C类013478 ...

Core Insights - The financial technology sector is experiencing significant activity, with the CSI Financial Technology Theme Index rising over 1.5% as of January 12 [1][7] - AI financial concept stocks are leading the gains, with notable increases in stocks such as Tuolisi and Puyuan Information, which rose over 10% [1][7] - The best-performing financial technology ETF (159851) has seen its price increase by over 2%, reaching a new high since November 2025, with trading volume exceeding 200 million yuan [1][7] Policy, Technology, and Business Dynamics - Current policies, technology advancements, and business needs are reshaping the growth logic of the financial technology industry [3][9] - The implementation of the "Financial Technology Development Plan (2022-2025)" is accelerating the domestic replacement of core systems, databases, and middleware [6][12] - Financial institutions are increasingly adopting cloud computing, with projections indicating that by 2025, approximately 75%, 85%, and 90% of institutions will have completed cloud deployment for core business systems, office systems, and peripheral business systems, respectively [6][12] Investment Opportunities - Investors are encouraged to focus on the financial technology ETF (159851) and its associated funds (Class A 013477, Class C 013478), which cover a wide range of sectors including internet brokerage, financial IT, cross-border payments, AI applications, and Huawei's HarmonyOS [4][10] - The financial technology ETF (159851) has an average daily trading volume of 800 million yuan over the past six months, indicating strong liquidity compared to other ETFs tracking the same index [4][10]

1月9日，中科金财涨2.16%，成交额8.31亿元。两融数据显示，当日中科金财获融资买入额9947.47万 元，融资偿还1.05亿元，融资净买入-597.16万元。截至1月9日，中科金财融资融券余额合计7.19亿元。 融券方面，中科金财1月9日融券偿还0.00股，融券卖出1.60万股，按当日收盘价计算，卖出金额46.96万 元；融券余量2.44万股，融券余额71.61万元，超过近一年80%分位水平，处于高位。 资料显示，北京中科金财科技股份有限公司位于北京市海淀区小月河东畔路16号院2号楼5层501-1号房 屋，成立日期2003年12月10日，上市日期2012年2月28日，公司主营业务涉及应用软件开发、技术服务 及相关的计算机信息系统集成服务。主营业务收入构成为：数据中心综合服务50.81%，金融科技综合 服务31.66%，人工智能综合服务14.01%，其他(补充)3.52%。 融资方面，中科金财当日融资买入9947.47万元。当前融资余额7.19亿元，占流通市值的7.23%，融资余 额超过近一年70%分位水平，处于较高位。 分红方面，中科金财A股上市后累计派现6045.78万元。近三年，累计派现0.00元。 ...

Core Viewpoint - The launch of China's first financial meteorological AI model "Entropy Machine" aims to explore the role of meteorological factors in financial asset pricing, providing innovative tools for risk management and investment decision-making [1] Group 1 - "Entropy Machine" was developed collaboratively by Fudan University and the China National Meteorological Information Center [1] - The model is expected to enhance the construction of intelligent financial service systems and provide stronger technological support for quantitative assessment of meteorological risks [1]

Group 1 - The report highlights that the service industry is increasingly merging with technology, leading to the emergence of top-tier listed companies in sectors such as fintech, logistics, enterprise services, and healthcare [2][10] - Countries are exploring unique paths to develop their service industries, with examples including the U.S. focusing on fintech innovation, Germany emphasizing industrial design, and Singapore building digital infrastructure [2][10] - China's national strategy aims to enhance service industry capacity and quality through targeted policies, including the removal of entry barriers in key sectors like telecommunications and healthcare [2][39] Group 2 - The report identifies three main investment directions in the service industry: productive services, lifestyle services, and emerging services [2][45] - Productive services are seen as a core engine, with sectors like testing, industrial software, and financial services highlighted for their growth potential [2][3][45] - Lifestyle services are focused on improving living standards and consumption upgrades, with high growth observed in areas such as gaming, aviation, and tourism [3][45] Group 3 - Emerging services are positioned as key to cultivating new productive forces, with rapid developments in AI and the integration of healthcare and pharmaceutical services [4][45] - The report emphasizes the importance of cross-border e-commerce as a new growth driver for foreign trade, leveraging China's supply chain advantages [4][45] - Specific companies such as Cintas and CVS Health are cited as examples of successful service firms in the U.S., showcasing effective business models and market strategies [1][15][18]

3. 确认未来资本投向： 结合停止放债业务的决策，市场可以合理预期公司未来重新配置的资本将重点 用于支持Web3基础设施的完善及像Whimland这样的应用平台扩张，为公司的价值重塑打开了巨大想象 空间。 智通财经APP获悉，天机控股有限公司(01520)于2026年1月9日自愿发布公告，公司董事会主席兼执行董 事梅唯一先生于当日在公开市场购入150万股公司股份。此次增持完成后，梅唯一先生合计持有（包括 实益拥有的股份及根据股份奖励计划授予的奖励股份）公司已发行股本总额约2.39%。公司表示，此次 增持是基于梅先生对公司未来发展前景的坚定信心，旨在促进公司持续、稳定、健康发展，维护公司及 全体股东的整体利益，并增强投资者信心。 此次增持行动虽未披露具体金额，但其象征意义与市场信号不容忽视。在市场波动时期，核心管理层尤 其是董事会主席的增持行为，通常被视为对公司内在价值和未来成长潜力的直接背书。梅唯一先生选择 以真金白银增持股份，而非仅仅依赖口头承诺，这向资本市场传递了强有力的积极讯号，表明管理层与 公司利益深度绑定，愿意与股东共担风险、共享未来成长。 联系公司近期一系列动态，此番增持或非孤立事件，而是公司整体 ...

Core Viewpoint - Bitget, the world's largest universal exchange (UEX), has launched 98 new US stocks and ETFs, enhancing user access to traditional markets and diversifying its asset trading environment [2][3]. Group 1: Expansion of Offerings - The new offerings are a result of collaboration with Ondo, significantly increasing user exposure to investments in stocks, fixed income, commodities, and tactical ETF structures [2]. - The added asset categories include short-term treasury strategy products (e.g., SGOV), leading US companies in technology, energy, manufacturing, healthcare, finance, and consumer sectors, as well as international growth companies like BILI (Bilibili), PDD (Pinduoduo), and GRAB (Grab) [2]. - Investment tools linked to commodities, such as gold (GLD), crude oil (USO), copper (COPX), and rare earth metals (REMX), provide users with channels to invest in key resources affecting global supply chains [2]. Group 2: User Experience and Market Trends - The launch reflects growing market interest in a unified trading environment for digital assets and traditional financial instruments, allowing users to trade in a structure previously available only to mainstream brokers [3]. - Bitget's CEO, Gracy Chen, emphasized the need for modern financial investors to access both the crypto world and traditional financial services like stocks and commodities conveniently [3]. - The platform currently offers over 200 stock tokens, enabling users to trade shares of leading global companies like Apple, Tesla, Nvidia, and Alphabet using USDT without needing a traditional brokerage account [3]. Group 3: Vision and Future Developments - The expansion supports Bitget's vision of creating a platform where digital assets and traditional financial tools operate in a unified system, with tokenized stocks at the core of this model [4]. - As more US stocks and ETF products are introduced alongside on-chain tokens, derivatives, and other asset classes, Bitget UEX aims to set a benchmark for the next stage of global trading [4]. - Bitget, established in 2018, serves over 120 million users, providing access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets [5].

Core Viewpoint - The integration of digital economy and fintech has led to the rise of "traffic finance" as a monetization path for internet traffic platforms, exemplified by the launch of the "borrowing service platform" by the travel app Hanglv Zongheng [1][10]. Group 1: Service Launch and Modifications - Hanglv Zongheng, developed by China Aviation Information Technology Co., Ltd., has introduced a borrowing service platform aimed at providing financial support for travel and daily consumption needs [1][11]. - The initial user agreement included clauses that required users to authorize the processing of their personal information, which raised legal concerns regarding potential overreach into credit reporting services [1][3]. - Following feedback, the agreement was revised to remove the controversial clauses and clarify that the service provider acts solely as a technical support entity for licensed financial institutions [2][11]. Group 2: Compliance and Legal Considerations - Legal experts highlighted that if a lending platform processes personal information and provides credit analysis, it may be classified as a credit reporting service, necessitating appropriate licensing [3][12]. - The revised agreement emphasizes that Hanglv Zongheng will not provide additional user data beyond what users voluntarily submit, ensuring compliance with financial regulations [4][13]. - Concerns were raised about vague language in the agreement that could lead to excessive data collection under the guise of improving service quality, which may violate regulatory standards [5][14]. Group 3: Data Protection and User Privacy - The company has committed to not sharing user data with third parties without explicit user consent, particularly in the context of facial recognition processes for loan applications [7][15]. - Experts recommend that non-financial platforms engaging in lending services should adhere to strict data protection principles, ensuring that personal information collection is limited to what is necessary for service provision [8][16]. - Suggestions were made for integrating with national identity verification systems to enhance user data security during the borrowing process [9][17].

Group 1 - The interest rates for short-term large-denomination certificates of deposit (CDs) have dropped below 1%, entering the "0" range, with many banks offering rates as low as 0.9% for 1-month and 3-month terms [1][2] - Over 30 banks have announced the issuance of the first phase of large-denomination CDs for 2026, indicating a trend in the banking sector towards lower interest rates [1][2] - Major state-owned banks, including ICBC, ABC, BOC, and CCB, are currently offering short-term large-denomination CDs with a minimum deposit requirement of 200,000 yuan [1][2] Group 2 - The Supreme People's Court of China has clarified that funds given for purchasing cars or houses with the intention of marriage can be considered as bride price, which can be adjudicated under the same rules as traditional bride price disputes [2] - A recent case highlighted that a payment of 66,000 yuan and a car purchase of 150,000 yuan were deemed as bride price, leading to a court ruling for the return of over 170,000 yuan after considering shared expenses [2] Group 3 - MiniMax, a large model company, debuted on the Hong Kong Stock Exchange with an initial public offering price of 165 HKD per share, closing at 345 HKD, marking a 109.09% increase and a market capitalization exceeding 100 billion HKD [2] Group 4 - The number of corporate bankruptcies in Germany has reached a 20-year high, with 17,604 bankruptcy applications recorded in 2025, reflecting significant structural pressures on the German economy [2] - In December 2025 alone, there were 1,519 bankruptcy applications, which is 75% higher than the average from 2016 to 2019 [2] Group 5 - Apple is reportedly accelerating the selection process for a new CEO, with John Ternus, the current Senior Vice President of Hardware Engineering, emerging as the leading candidate [3] - Tim Cook, the current CEO, has expressed a desire to reduce his workload and may step down as early as this year, potentially transitioning to the role of Chairman of the Board [3] Group 6 - Xiaomi has announced a price reduction for its Xiaomi 17 smartphone and has eliminated the use of small print in its marketing materials, responding to criticism of "small print marketing" practices [5] - The company aims to enhance transparency and user experience by using larger fonts for product information [5] Group 7 - The Chinese government is implementing a nationwide policy for the cross-province pooling of personal medical insurance accounts, allowing family members to share funds for medical expenses [10] - This policy aims to optimize the use of personal medical insurance accounts and enhance mutual assistance among family members [10]

本报讯 （记者闫立良）1月9日，由雄安新区商务和投资促进局、雄安新区改革发展局、中国人民银行 雄安新区分行以及中国雄安集团城市发展公司支持，毕马威主办的"中国雄安金融科技产业促进活动 毕马威通过连续十年的榜单发布与趋势洞察，为金融科技如何更好服务实体经济、推动高质量发展提供 了有益思考与路径参考。未来，金融科技企业将紧扣国家发展脉搏，在赋能科技创新、提升金融服务可 得性、筑牢金融安全防线等方面持续书写新篇章。 ——毕马威金融科技企业双50榜单发布会"在雄安新区举行。本次活动不仅揭晓了"2025年度第十届毕马 威金融科技企业双50"榜单，还同步发布了金融科技"双50"十周年报告，来自政府机构、金融科技企 业、投资机构及学术界的代表嘉宾齐聚一堂，共同探讨金融科技赋能实体经济的未来路径。 毕马威中国客户及业务发展主管合伙人江立勤指出，金融科技作为连接金融与产业生态的核心纽带，已 从经营管理、业务创新、风险防范等环节为金融业提供新价值锚点，并通过耐心资本与科技创新的深度 融合，助力构建"科技-产业-金融"良性循环，进一步强化金融回归本源、服务实体经济的战略定位。 自毕马威首届"金融科技50"榜单发布以来，中国金融科技 ...